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Speaker 1: Day three hundred and five and day three eighteen, since

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Speaker 1: Joey promised he wouldn't abandoned Americans behind enemy lines, in fact,

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Speaker 1: he did more than we even thought, and thousands with

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Speaker 1: the American Green cards and our Afghan allies that he

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Speaker 1: also promised, We're not going to abandon you. We promised,

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Speaker 1: we promised you, and he abandoned them all. If you're

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Speaker 1: not following the news today, you've been busy. The Fed

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Speaker 1: now launched their biggest broadside, raising the benchmark interest rates

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Speaker 1: a whopping three quarters of a percentage point in a

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Speaker 1: move that is the single biggest hike since nineteen ninety four. Now,

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Speaker 1: this is going to have a huge impact on the economy.

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Speaker 1: Their ideas the economy inflation, it's overheated. We need to

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Speaker 1: slow it down. Well, slowing it down is going to

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Speaker 1: impact people's lives dramatically, And even the Fed and economists

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Speaker 1: are now saying, yeah, job growth has gone us pretty

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Speaker 1: much stall out, and if you don't have a job,

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Speaker 1: you better try and get one fast. Let me give

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Speaker 1: you a quick little math. Summery, Let's say you buy

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Speaker 1: a four hundred thousand dollars home. Okay, let's say you

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Speaker 1: put down twenty five percent one hundred grand. Let's say

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Speaker 1: you got in not at the lowest part, but you know,

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Speaker 1: at a good rate of three point seven five percent. Now,

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Speaker 1: many of you might have locked in in the twos,

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Speaker 1: many of you locked in the low threes because you're refinanced.

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Speaker 1: These rates today will see really low compared to a

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Speaker 1: year or two years from now. What marked my words?

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Speaker 1: If in fact Goldman, Sacks and all these economists are

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Speaker 1: right and we're gonna have another six or eight rate hikes,

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Speaker 1: all right, let's say so three point seven five percent rate,

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Speaker 1: thirty year term, and you know taxes will just assume

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Speaker 1: you know average tax rate, I don't know, thirty two

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Speaker 1: hundred dollars, okay, and somebody sent me this today. Now,

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Speaker 1: if you had a three point seven five interest rate

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Speaker 1: on a three hundred thousand dollars loan, you put twenty

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Speaker 1: five percent down, your monthly payment for your home would

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Speaker 1: be one thousand, nine hundred and eighty one dollars. Okay. Now,

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Speaker 1: let's jump to close to where we were yesterday, well,

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Speaker 1: six point three to five percent before the point seventy

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Speaker 1: five percentage point basis point increase, the biggest in nineteen

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Speaker 1: ninety four for four today's rate increase, and you're paying

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Speaker 1: thou six six and a half whatever percent somewhere in there,

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Speaker 1: same home, four hundred grand, same down payment, twenty five percent.

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Speaker 1: You put down one hundred grand, so you're borrowing three

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Speaker 1: hundred thirty year term, same taxes. Well, because of the

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Speaker 1: interest rate hike, you know, three percent, little less than

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Speaker 1: three percent, instead of paying one thousand, nine hundred and

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Speaker 1: eighty one on that same home, will be two thousand,

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Speaker 1: five hundred thirty seven dollars. All right, Now you're adding

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Speaker 1: another full point on top of it. So now we're

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Speaker 1: going to be over seven percent. Well, now you can

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Speaker 1: add another six hundred dollars or so to your monthly payment.

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Speaker 1: And what does that mean for the economy? What does

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Speaker 1: that mean in just the housing industry? And I know

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Speaker 1: many people have been looking at the stock market. The

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Speaker 1: stock market's great. Your four O one K is great

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Speaker 1: until you actually extract it and take that money out.

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Speaker 1: Until then it is subject to market forces. That's the

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Speaker 1: stupidity of the insanity of the idea. We're going to

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Speaker 1: tax people on their projected capital gains. Well, it's not

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Speaker 1: a gain until you actually sell something or sell something

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Speaker 1: off or sell a stock offer. You buy a business

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Speaker 1: and maybe it's worth a million dollars one day, but

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Speaker 1: by the time you sell it, it's worth five hundred thousand,

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Speaker 1: and yet you've already paid taxes on it. Do you

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Speaker 1: get a refund? It's insanity. It's not a realized gain.

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Speaker 1: But Democrats they want to pick your pocket anyway they can.

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Speaker 1: So what's going to happen with these great price increases?

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Speaker 1: Let me tell you what's going to happen As a

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Speaker 1: former contractor, New home construction is going to now come

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Speaker 1: to a screeching halt. That's actually good if you're looking

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Speaker 1: to get a contractor, because they've been pretty unavailable in

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Speaker 1: recent years, which I say good for them. I did

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Speaker 1: that ten years of my life. It's hard work. They're

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Speaker 1: they're now going to struggle as an industry. Mark my words.

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Speaker 1: New home construction pretty much gonna come to a screeching halt.

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Speaker 1: Now what's the next impact of all of this, Well,

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Speaker 1: with rising interest rates, as I just pointed out to you,

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Speaker 1: that means you're going to have fewer people getting into

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Speaker 1: the wanting to buy a new home because it's now

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Speaker 1: become dramatically more expensive. For them to do so, So

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Speaker 1: what does that mean. That means sales of existing homes

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Speaker 1: will drop significantly. What does that mean for homeowners? Well,

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Speaker 1: the valuation that maybe you had before Joe Biden was president,

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Speaker 1: or maybe in the first year of his presidency and

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Speaker 1: home buying was going wild, and especially in places like

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Speaker 1: Florida and Tennessee. You know, you'd have an open house

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Speaker 1: and fifteen people would show up and people would start

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Speaker 1: bidding above asking price. That's all gonna come to a

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Speaker 1: screeching halt. Also, because you won't have as many buyers

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Speaker 1: out there, you won't have as many people in the

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Speaker 1: market out there, and home values will decrease, probably rather dramatically.

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Speaker 1: And homes are usually people's biggest investment. So it's going

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Speaker 1: to hurt, and it's only gonna get worse. This is now.

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Speaker 1: We've raised interest rates two and a quarter points, including

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Speaker 1: today's rate. That now means is a two wait, but

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Speaker 1: I think it's two. I think it's two full points,

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Speaker 1: two basis points. So this is where we are. This

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Speaker 1: is what Joe Biden's economic and energy policies have now cost. Now,

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Speaker 1: this is where I keep going back to the issue

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Speaker 1: of oil and gas Hannity or broken records. I'm not

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Speaker 1: a broken record. We were energy independent. We didn't need

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Speaker 1: to be begging these countries that hate our guts, like

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Speaker 1: a Ran and Saudi Arabia and OPEC Nations and Venezuela

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Speaker 1: and Russia. We have enough natural resources available in this country.

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Speaker 1: It's good for national security, it's good for job creation,

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Speaker 1: it's good in terms of lowering the price of gas.

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Speaker 1: You're significantly increasing the world supply. That will, if demand

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Speaker 1: remains constant, that will drive down the price. That also

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Speaker 1: will have an impact on everything we've every store we

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Speaker 1: go to because the rigs, the eighteen wheelers that bring

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Speaker 1: and deliver the goods to the stores, they'll be paying

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Speaker 1: less in terms of diesel prices and they can lower

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Speaker 1: their rates and we will be the beneficiaries of such,

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Speaker 1: and the cost of production for manufacturers that will go

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Speaker 1: down as well. This is not complicated economics, but this

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Speaker 1: is where we now are and all we get are Well,

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Speaker 1: when we get to renewable energy independence, then you can

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Speaker 1: expect your prices to be reduced. Well, somebody needs to

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Speaker 1: show me the science behind all of this, because none

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Speaker 1: of this technology they're talking about exist at a level

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Speaker 1: that we could afford it. That makes the transition possible.

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Speaker 1: So in the meantime they're living on their fantasy land

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Speaker 1: thinking that what we're just going to suck it up

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Speaker 1: at five dollars plus a gallon for gasoline and more

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Speaker 1: for diesel in the meantime. By the way, there or

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Speaker 1: get less lectured about how we need an electric car.

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Speaker 1: By the way, I happen to like Ford Motor Company.

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Speaker 1: This is not a hit on them, but they have

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Speaker 1: now issued a recall for forty nine thousand they have

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Speaker 1: of their electric Ford Mustangs manufactured between May of twenty

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Speaker 1: twenty and May of twenty twenty two. Anyway, a huge

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Speaker 1: chunk of their Mustang electric vehicle fleet, almost all of them.

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Speaker 1: They've now been instructed dealers have been instructed to stop

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Speaker 1: selling them if they were produced between that period while

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Speaker 1: it develops a fix for forty eight nine and twenty

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Speaker 1: four Mustang owners that have experienced overheating, startup problems, loss

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Speaker 1: of power. Let me repeat loss of power. And I'm

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Speaker 1: not saying I'm against electric cars. I had a hybrid once,

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Speaker 1: not quite the same, but it is what it is.

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Speaker 1: So we now also now think of the other impact

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Speaker 1: of all of this people now because of Biden's high

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Speaker 1: energy cost, all of this preventable. This is what really

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Speaker 1: angers me the most. We did not have to go

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Speaker 1: down this insane road. This was promised by Biden. He

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Speaker 1: delivered on his promise, and we're all suffering as a

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Speaker 1: result of his adherence to this climate alarmist religious cult,

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Speaker 1: new green deal cult of his. But now, okay, look

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Speaker 1: at America's retailers. Well Wall Street Journal read. The journal

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Speaker 1: points out Americans retail spending in May declined because consumers

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Speaker 1: are feeling the pinch from inflation, high gas prices, rising

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Speaker 1: interest rates that are making car purchases more expensive. By

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Speaker 1: the way, if you think cars that they can't produce

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Speaker 1: enough of, if you can find one, you're usually paying

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Speaker 1: above MSRP. Now if you're gonna, if you're gonna take

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Speaker 1: out a loan to get that car, if you're gonna

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Speaker 1: finance it, it's even gonna cau more. Anyway, retail sales

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Speaker 1: are now down. We now see also spending its stores,

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Speaker 1: all spending online restaurants that all has has dropped in

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Speaker 1: May more than the previous month. The Commerce Department saying

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Speaker 1: today first declined month over month in retail spending in

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Speaker 1: a year. I mean, if you look at Biden inflation

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Speaker 1: and the scoreboard, you know we're paying double digits more

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Speaker 1: for meat and poultry and eggs and non alcoholic drinks

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Speaker 1: and dairy and cereal and bakeries and any restaurant you

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Speaker 1: go to, you pay them more there too as well.

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Speaker 1: I mean, this is a this is now a self

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Speaker 1: induced crisis. Now, the normal thing to do would be

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Speaker 1: to look at your policies and say, maybe we're doing

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Speaker 1: something wrong. No, they double down. Joe Biden and I'll

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Speaker 1: play this at the bottom of the air. You're gonna

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Speaker 1: love this screaming screeching at the AFL CIO yesterday. I mean,

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Speaker 1: you can't even make it up. He's just making one

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Speaker 1: delusional comment after another. Where changing lives And I'm like, yeah,

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Speaker 1: you're changing lives for the worst. I mean, everything you've

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Speaker 1: done is now hurting us. Now they're writing letters to

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Speaker 1: the oil companies. Why don't they go and look at

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Speaker 1: the oil company profit margins over the years. Now they

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Speaker 1: have years, they make billions of dollars they do. It's

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Speaker 1: a lifeblood of the world's economy. If you're in the

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Speaker 1: oil business, to risky business. But I can show you

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Speaker 1: years like twenty twenty one or I'm sorry, twenty twenty

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Speaker 1: where Chevron lost five and a half billion dollars or

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Speaker 1: in twenty sixteen four hundred and seventy nine million dollars,

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Speaker 1: or Exon lost twenty two point four billion in twenty twenty.

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Speaker 1: So they have years where they do really well. Or

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Speaker 1: Devin Energy well, they lost in twenty twenty one two

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Speaker 1: point eight billion, they lost in twenty twenty two point

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Speaker 1: seven billion, they lost in twenty nineteen three one hundred

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Speaker 1: and fifty five million pioneer natural resources. Now with the

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Speaker 1: other thing we have is because of bureaucratic regulation and Democrats.

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Speaker 1: And because now Democrats, Ron Widen or first Joe Biden

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Speaker 1: sends a letter to oil company executives blaming them for

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Speaker 1: his freaking policies. We can go back to the policies

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Speaker 1: that he inherited. He is the one that has burdened

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Speaker 1: the country by killing off the Keystone XL pipeline, banning

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Speaker 1: drilling in anmore, pausing all new oil and gas permits

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Speaker 1: on federal lands, restricting fracking, slowing down production of a

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Speaker 1: slew of new regulations, and yeah, our refineries. We were

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Speaker 1: almost at one hundred percent capacity as it is. And

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Speaker 1: liberals and leftists and climate alarmist cult members don't want

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Speaker 1: to build new refineries because it might pollute the planet

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Speaker 1: and they don't like fossil fuels, so they cause that

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Speaker 1: problem on top of every other problem I'm taking you know, now,

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Speaker 1: in the long term, I have a little hope, but

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Speaker 1: it's going to take a change in power. You're going

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Speaker 1: to have to vote for people. Let's support liberty, freedom, capitalism,

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Speaker 1: our constitution, energy independence, border security, common sense, less bureaucracy,

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Speaker 1: lower taxes. That's it. It's that simple. So here we

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Speaker 1: have record gas prices in our climate. Our alarmis guru.

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Speaker 1: John Curry had this to say energy security, where he

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Speaker 1: is driving a lot of the thoughts now about oh,

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Speaker 1: we need more drilling of ga. We need more drilling

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Speaker 1: in this. We need to go back to cole No,

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Speaker 1: we don't, We absolutely don't. And we have to prevent

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Speaker 1: a false narrative from entering into this or again pun intended,

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Speaker 1: we are cooked. Yeah, we do need to. And Joey

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Speaker 1: is just he's about to go over to Saudi Arabia. Now,

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Speaker 1: this is what joe said as a candidate about Saudi Arabia.

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Speaker 1: We have that cut somewhere. Apparently we don't have it. Anyway,

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Speaker 1: He said he would make the Saudi Arabian government the

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Speaker 1: pariah and accused MBS of killing Jamal Kashogi. And now

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Speaker 1: Joe Biden's going to Saudi Arabia and they want to

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Speaker 1: tell us and convince us that he's not going there

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Speaker 1: to talk about energy or oil. Now we know them

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Speaker 1: trying to make a deal with the Iranian Mullahs that

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Speaker 1: would give them money that has not been that has

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Speaker 1: been frozen for them because of their ties to terrorism

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Speaker 1: and their threats against most other countries in the world.

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Speaker 1: They're not going to give them billions of dollars, and

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Speaker 1: they're going to allow them to partner with Russian build

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Speaker 1: a nuclear facility. And they want the Iranian Revolutionary Guard

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Speaker 1: off the terror watch list. And then we're going to

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Speaker 1: import oil from Iran and make them rich or make

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Speaker 1: Venezuela rich. Now we're going to make the Saudi's rich

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Speaker 1: and OPEC rich. And we have all the natural resources

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Speaker 1: right here in this country. If he just returned to

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Speaker 1: the Trump policies and rescind his idiotic green policies that

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Speaker 1: he implemented on all of us solid as a rock, honest, truthful.

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Speaker 1: This is the Sean Hannity Show. By the way, twenty

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Speaker 1: five to the top of the hour. This has just broken.

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Speaker 1: Apparently doctor Anthony Fauci, the head of the US pandemic

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Speaker 1: response from the NIH highest paid government official, has now

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Speaker 1: tested positive for COVID nineteen. He says he's experiencing mild symptoms.

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Speaker 1: According to the NIH doesn't say what he will be

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Speaker 1: doing in terms of treatment. We wish him well, but

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Speaker 1: he along with everybody else. If you remember when they

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Speaker 1: were pushing their vaccines, they did, if you get vaccinated,

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Speaker 1: you're not gonna get covid. Okay, Now people are vaccinated

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Speaker 1: and they got their second first shot, they get the

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Speaker 1: second shot, then they get the first booster, then they

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Speaker 1: get the second booster. Then they even get infected with covid.

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Speaker 1: But started with delta variant and breakthrough cases and you

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Speaker 1: have natural immunity, and then people are getting it twice

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Speaker 1: and still they are running out of monoclonal antibodies and

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Speaker 1: they don't They've took them forever to get the you

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Speaker 1: know what do you call paxilovid? The anti virals out

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Speaker 1: there by the way choke of the day, Hillary Clinton

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Speaker 1: slamming the mainstream media is too reluctant to call a

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Speaker 1: lie a lie and take on the battle between democracy

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Speaker 1: and authoritarianism. The woman that signed off on the two

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Speaker 1: biggest lies and conspiracy theories probably history, you know, Trump

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Speaker 1: Tower and Alpha Bank connected to Russia. Lie. She signed

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Speaker 1: off on it. She paid for the dirty disinformation dossier

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Speaker 1: full of lies about Trump Russia collusion. Good grief. You know,

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Speaker 1: did you wipe your server clean? You mean, like with

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Speaker 1: a cloth? You mean, is that what you mean? We

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Speaker 1: live in amazing times, don't we. Anyway, So you've got

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Speaker 1: all of these issues, all of these problems. The only

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Speaker 1: one good thing I heard out of the Biden administration.

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Speaker 1: They're considering instituting a federal gas tax holiday. You may

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Speaker 1: not know this, but every time you fill up every

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Speaker 1: gallon of gasoline, eighteen point three cents a gallon for

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Speaker 1: regular twenty three I'm sorry, twenty four point three cents

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Speaker 1: per gallon of diesel. Remember that cost gets passed on

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Speaker 1: to us anyway, is what the federal government gets. Now

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Speaker 1: when you break it down, for example, there they're so

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Speaker 1: against tobacco companies. They make a fortune off tobacco companies.

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Speaker 1: It's it's unbelievable. You know, Biden is out there and

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Speaker 1: he's claiming, you know that, you know, we're changing lives. Oh,

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Speaker 1: you're you're changing lives. I'll use Joe's frame for God's sakes, Joe,

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Speaker 1: you're full of malarkey, because the malarkey never stops. Joe

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Speaker 1: doubling down on his absolute stupidity. Now, notice where this

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Speaker 1: came from. He's been signaling set it, even on Kimmel's show,

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Speaker 1: that his problem is communications. We're just not telling the

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Speaker 1: American people about all her success. And then he lies

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Speaker 1: and tells the American people average families save nine thousand

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Speaker 1: dollars more since I've been president. Wrong, Actually just the

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Speaker 1: opposite is true, or so they're saving more money. So

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Speaker 1: he doubles down on his stupid economic and energy policies.

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Speaker 1: I don't want to hear any more of these reckless

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Speaker 1: lies on spending that's coming from every economist that is

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Speaker 1: saying they over spent and didn't need the money that

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Speaker 1: he approved in this extra COVID build when he became president.

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Speaker 1: And yeah, his policies are changing lives forever. You're right,

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Speaker 1: you know now we have a forty one two year

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Speaker 1: high of inflation, a tanking stock market, a looming recession,

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Speaker 1: the highest gas prices we've ever paid, on average, over

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Speaker 1: five dollars a gallon for gasoline. You know, the stimulus

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Speaker 1: money that he dumped on the economy, two trillion dollars.

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Speaker 1: Want to know why the Fed is working so hard

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Speaker 1: raising interest rates and destroying the economy even further almost

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Speaker 1: and by the way, way too late. It's not it's

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Speaker 1: not going to have the impact that they think it's

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Speaker 1: gonna have. It's going to be even more disaster. You know.

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Speaker 1: He blames Donald Trump, he blames Vladimir Putin, he blames

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Speaker 1: everybody but himself and his climate alarmism. And he has

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Speaker 1: his climate you know, alarmist leader, the climate change expert

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Speaker 1: John Kerry, the guy with his own private jets flying

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Speaker 1: a around now in government private jets with a big

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Speaker 1: carbon footprint every time it gets on board as plane.

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Speaker 1: Wouldn't have a problem if he didn't lecture us about

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Speaker 1: the use of fossil fuels. We're absolutely don't need to

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Speaker 1: drill for more oil or more gas. All right, Well,

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Speaker 1: he's got a fortune, so he can to fill up

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Speaker 1: his jet anytime he wants. Have you seen the price

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Speaker 1: of airline tickets recently, mister Kerry, I tend to doubt

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Speaker 1: you have. Now Joey's going to go to Saudi Arabia.

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Speaker 1: I just mentioned this at the bottom of the hour

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Speaker 1: as we were going to break This is the same

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Speaker 1: guy that said this during the campaign. Listen. The State

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Speaker 1: Department also says the Saudi government is responsible for executing

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Speaker 1: non violent offenders and for torture. President Trump has not

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Speaker 1: punished senior Saudi leaders, would you yes? And I said

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Speaker 1: it at the time because show he was in fact

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Speaker 1: murdered and dismembered, and I believe in the order of

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Speaker 1: the Crown Prince and I would make it very clear

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Speaker 1: we were not going to infect more weapons to them.

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Speaker 1: We were going to in fact make them pay the

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Speaker 1: price and make them, in fact the pariah that they are.

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Speaker 1: There's very little social redeeming value of in the present

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Speaker 1: government in Saudi Arabia. And I would also, as pointed out,

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Speaker 1: I would end end subsidies that we have, end the

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Speaker 1: sale of material to the Saudist where they're going in

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Speaker 1: and murdering children, and they're murdering innercent people and so

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Speaker 1: they have to be held accountable. More malarkey from Joey.

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Speaker 1: Joey's now going to Saudi Arabia. Now, usually when you're

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Speaker 1: with another head of state, he's going to meet with

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Speaker 1: the Crown Prince. They usually have a joint press conference. Now,

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Speaker 1: how much would you want to bet Joe Biden wouldn't

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Speaker 1: have the let me say this in a way that

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Speaker 1: is not deemed as toxic masculinity. Let me get it right.

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Speaker 1: Let's just say he wouldn't have enough toxic masculinity to

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Speaker 1: say it right to the guy's face. How's that that

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Speaker 1: was pretty good? Right? I mean Ward Smith here, he's

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Speaker 1: not going to say that to the Crown Prince's face.

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Speaker 1: And he said, oh no, we're not going to make

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Speaker 1: an oil deal. You're lying. He's going there to get

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Speaker 1: and encourage Saudi Arabia to use their influence on OPEC

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Speaker 1: nations to produce more energy because he's too stupid to

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Speaker 1: produce it here and use our own natural resources. Do

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Speaker 1: you know the world thinks we're stupid, at least our

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Speaker 1: leaders are stupid. The American people aren't stupid. The American

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Speaker 1: people understand that we can be energy independent. American people

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Speaker 1: remember Trump said, do you like your two dollars gallon gasling? Yeah,

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Speaker 1: I'd like my two dollars gallon gasoline. Yeah. I don't

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Speaker 1: like paying twice what I paid last year at the

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Speaker 1: grocery store either. You know, Joey's saying he's changing people's lives,

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Speaker 1: okay for the worst with you know, the highest inflation

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Speaker 1: in forty one years, highest gas prices in history. Lashing

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Speaker 1: out of he goes to the speech screaming and yelling

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Speaker 1: yesterday at the AFL CIO, you know, pointing out asserting

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Speaker 1: that the economic problem facing Americans came from outside forces. No,

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Speaker 1: they came from your policies, Joey. Sorry. Ari Fleischer said

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Speaker 1: last night on the TV show that it's the first

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Speaker 1: president to ever run on saying that the American people

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Speaker 1: are wrong about the economy. No, the American people are

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Speaker 1: right about the economy because they feel it and live

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Speaker 1: it every single day. And then there's lecture in this

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Speaker 1: letter that he's sending oil companies wrong. Joe you know,

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Speaker 1: if your policies would allow them to reduce the price

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Speaker 1: of oil, you're the one that would put these restrictive

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Speaker 1: policies on them. Department of Energy saying they were selling

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Speaker 1: another forty five million barrels of oil from these strategic

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Speaker 1: petroleum reserve. By the way, we have to refill them

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Speaker 1: for an emergency. It is a band aid. I told

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Speaker 1: you then it was a band aid. It dropped prices

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Speaker 1: for a short period of time me like a month,

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Speaker 1: and then they went right back up. So it's a

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Speaker 1: band aid solution. It's not the answer you have some places.

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Speaker 1: We're nearly in California, nearly ten dollars a gallon for gasoline.

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Speaker 1: California state average six dollars and forty three cents per

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Speaker 1: gallon for gasoline. I mean, it's unbelievable. It's frankly unbelievable.

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Speaker 1: And they wonder why they're about to get the shellacking

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Speaker 1: in the midium. They're about to I don't know if

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Speaker 1: you saw what happened. And we'll get to this. In

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Speaker 1: the thirty fourth Congressional District, Myra Flores won every county

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Speaker 1: I believe, but one. The last time I look late

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Speaker 1: last night a Republican. It was a thirty eight point

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Speaker 1: swing in terms of Democrat versus Republican. And she is

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Speaker 1: a Republican, and she's gonna I think she's gonna be

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Speaker 1: a rising star in the party. So only eight mortgage

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Speaker 1: rates were up yesterday to six point two percent for

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Speaker 1: a thirty year mortgage. A week earlier was five point five.

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Speaker 1: Now that we went up point seven five basis points

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Speaker 1: today three quarters of a point. So now we're going

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Speaker 1: to be over seven percent for a thirty year mortgage.

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Speaker 1: If you used the example that I gave you earlier,

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Speaker 1: if you can put one hundred grand down, four hundred

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Speaker 1: thousand dollars house financed three hundred thousand of it, say

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Speaker 1: you had a rate at three point seven five, now

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Speaker 1: you're gonna get up. You're literally paying hundreds of thousands

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Speaker 1: of dollars more over the course of your loan. I

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Speaker 1: mean literally hundreds of thousands. Wholesale prices went up ten

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Speaker 1: point eight percent in May, a near record annual pace.

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Speaker 1: What does that mean? The Producer Price Index that the

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Speaker 1: measures the prices paid to producers of goods for services.

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Speaker 1: That's up month to month ten point eight percent over

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Speaker 1: the past year. The monthly rise in line with the

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Speaker 1: Dow Jones, which, by the way, is you know, been

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Speaker 1: taken one hit after another. An article Yahoo Finance property

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Speaker 1: values falling all across Europe, and now with these rate increases,

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Speaker 1: the housing market is going to stop. I'll tell you

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Speaker 1: where it's not going to be as bad. Florida, Texas,

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Speaker 1: Tennessee and the Carolinas Andnity. Why why are you guessing that?

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Speaker 1: Because people are moving there and demand will still remain

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Speaker 1: at a reasonable rate. It will be lower, but it's

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Speaker 1: not going to be you know, bidding over asking price.

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Speaker 1: It's not going to be those conditions. But with all

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Speaker 1: the people that are saying the hell with this and

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Speaker 1: getting out of these these Adam Schiffhols states like New

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Speaker 1: York and California and New Jersey and Illinois, they're all

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Speaker 1: leaving to save money and have a better life. I

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Speaker 1: mean Florida is a perfect example. They take in half

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Speaker 1: of the amount in taxes as New York. They're infrastructures

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Speaker 1: a thousand times better than New York. It's unbelievable, and

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Speaker 1: a lot of people what do we do with our money?

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Speaker 1: By the way, for those of you who thought you

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Speaker 1: were going to be billionaires with crypto, you're taking a

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Speaker 1: pretty big hit too. But I think everybody knew, as

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Speaker 1: I had said at the time, Remember Linda, we talked

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Speaker 1: about it. H don't put anything that you're not willing

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Speaker 1: to lose on crypto. I actually think it. I think

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Speaker 1: it might come back. I mean Ethereum's down below a thousand.

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Speaker 1: That's a low as it's ben since I got on

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Speaker 1: the market. Yeah, it's been well, no, it was. I

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Speaker 1: know people that bought it a two hundred um, but

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Speaker 1: it was since it's four thousand and and bitcoin was over.

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Speaker 1: It's about sixty seven hundred dollars at one point. I'm

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Speaker 1: saying to much to go down that much if you

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Speaker 1: have your money in crypto, bitcoin, ethereum, whatever it is,

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Speaker 1: and to lose that much money, it's a big hit

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Speaker 1: right now. And that's a lot. I mean, Ethan I

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Speaker 1: were just talking about it. If you're in the housing

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Speaker 1: market and this is where you had all your capital,

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Speaker 1: you're in trouble anyway. Myra flores By the Way flips

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Speaker 1: this Texas House district read in the special election. Good

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Speaker 1: for her. I know she'll have a new district when

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Speaker 1: she runs in November, but she seems like a real

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Speaker 1: rising star. Oh yeah, we have one of the radical

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Speaker 1: nut Jobs squad members predicting quote civil war if Republicans

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Speaker 1: take back the House. Congresswoman Jamal Bowman, I don't even

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Speaker 1: know where the person's from anyway. Over the weekend, said

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Speaker 1: bar white right nationalists could be emboldened to start another

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Speaker 1: civil war. Republicans went back the majority in Congress after

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Speaker 1: November's midterms. Okay, good luck with that. We'll see how

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Speaker 1: that works out. By the way, Biden, Democrats media, none

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Speaker 1: of them cared about the assassination plot against Justice Kavanaugh.

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Speaker 1: Took Nancy Pelosi over a month to pass security for

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Speaker 1: Supreme Court justices. None of them condemn the dosing of

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Speaker 1: giving out these justices addresses or giving out the school

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Speaker 1: name of Amy Coney Barrett's kids in the that she

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Speaker 1: goes to and how often she goes to church. This

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Speaker 1: is sick anyway. A new GOP election integrity measure has

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Speaker 1: the Washington Post nervous. RNC is spending millions this year

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Speaker 1: in sixteen critical states on a push to recruit thousands

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Speaker 1: of poll workers and watchers. Most states have laws that

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Speaker 1: say partisan observers get to watch the vote counts start

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Speaker 1: to finish. That didn't happen in twenty twenty, all, Hannity,

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Speaker 1: you're an election denier. No, it didn't happen. We didn't

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Speaker 1: follow the law. We should follow the law if we

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Speaker 1: want to have confidence and results in integrity in our elections.

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Speaker 1: That's all I'm saying. In Pennsylvania, they need to follow

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Speaker 1: their constitution instead of passing a bill, they needed to

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Speaker 1: put forward a constitutional amendment. They didn't do that, by

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Speaker 1: the way, Trump said. Anyway, Trump congratulated Nancy May so

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Speaker 1: he didn't endorse in that case. Five term Republican congressmen

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Speaker 1: who voted to impeach Donald Trump. Tim Rice of South Carolina.

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Speaker 1: He's been ousted from Congress. This one seat, Myra Flores

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Speaker 1: is huge. I mean that is a