WEBVTT - I'm Moist With Excitement! 0:00:11.000 --> 0:00:14.760 Broadcasting live from the Abraham Lincoln Radio studio of the 0:00:14.880 --> 0:00:19.880 George Washington Broadcast Center, Jack Armstrong and Joe Katty Armstrong 0:00:19.960 --> 0:00:34.600 and Jet Dad can he I'm wrong? Even from the 0:00:34.680 --> 0:00:39.280 studio scene, say he's in your Little Friday. We're deep 0:00:39.320 --> 0:00:42.360 with when the bowels of the Armstrong and Getty Communications 0:00:42.400 --> 0:00:45.040 compound and hey, y'all, today we're under the tutelage of 0:00:45.040 --> 0:00:47.560 our general manager. Just for the record, did you say 0:00:47.680 --> 0:00:53.240 Little Friday or Lowell Friday Friday? Oh interesting? Today's general 0:00:53.240 --> 0:01:02.040 manager lies damn lies and statistics Yester GDP report being 0:01:02.080 --> 0:01:06.120 called the weirdest gd Report GDP Report Ever, Oh really, 0:01:06.120 --> 0:01:10.399 I don't know anything about this. Oh boy, howdy completely 0:01:10.520 --> 0:01:12.720 changes the story. Oh really, Well, I want to hear 0:01:12.720 --> 0:01:15.160 about that cruel good That's what I'm shooting for. I 0:01:15.240 --> 0:01:17.120 like that sort of thing. I don't know that story 0:01:17.160 --> 0:01:19.399 at all. I like it. You know what, there are 0:01:19.440 --> 0:01:23.399 a couple of stories today that are incredibly important, significant 0:01:23.760 --> 0:01:27.760 that people will not hear elsewhere because they take a 0:01:27.920 --> 0:01:31.120 minute to explain. And by a minute, I mean like 0:01:31.240 --> 0:01:35.320 sixty seconds. But so much of our media, whether broadcast 0:01:35.440 --> 0:01:38.440 or even online, to a large extent, is so hit 0:01:38.480 --> 0:01:40.480 and run if it takes more than twenty two seconds 0:01:40.560 --> 0:01:43.040 or however long a damn TikTok video is. People don't 0:01:43.040 --> 0:01:45.120 even pay attention to it. But you, my friends, you 0:01:45.240 --> 0:01:50.840 will be well informed. I like the fact that overnight 0:01:51.000 --> 0:01:59.560 Trump called Jerome Powell stupid. That's my favorite thing. Ah 0:02:00.120 --> 0:02:03.240 that entertaining. Jerome too late Powell. That's the guy that 0:02:03.320 --> 0:02:06.080 runs a federal reserve and has a hand and whether 0:02:06.160 --> 0:02:08.320 interest rates go up or not. And he didn't. He 0:02:08.360 --> 0:02:11.480 didn't lower interest rates this week, like Trump is all 0:02:11.600 --> 0:02:15.000 it's they. But yeah, go on, Jerome too late Powell. 0:02:15.080 --> 0:02:17.680 That's why I said has a hand in. Jerome too 0:02:17.760 --> 0:02:20.040 late Powell has done it again. He is too late 0:02:20.080 --> 0:02:22.799 and actually too angry. This is all in caps. He's 0:02:22.800 --> 0:02:28.400 actually too angry, too stupid, and too political to have 0:02:28.440 --> 0:02:32.000 the job of FED chair. He's costing our country trillions 0:02:32.000 --> 0:02:35.360 of dollars in addition to being one of the most incompetent, 0:02:35.400 --> 0:02:38.640 corrupt renovations of a building in the history of construction. 0:02:39.960 --> 0:02:43.360 Too stupid, You're too stupid to do your job. That's 0:02:43.400 --> 0:02:46.240 an insult. I've never had that one. I've had bosses 0:02:46.320 --> 0:02:48.400 yell at me for everything. Variety of things. But I've 0:02:48.440 --> 0:02:50.280 never had anybody say, you know what your problem is, 0:02:50.760 --> 0:02:55.880 you're too stupid to do your job. Oh that's a guy, 0:02:56.320 --> 0:02:59.880 you know, PhD in economics and a storied career. Yeah, okay, 0:03:01.040 --> 0:03:04.120 it's just stupid. What a funny part of the personality 0:03:04.160 --> 0:03:07.720 of the president. I'm glad you find it funny. Well, 0:03:07.760 --> 0:03:12.280 today you're lucky some chuckling some days. I don't Today, 0:03:12.280 --> 0:03:15.760 for whatever, I just think it's just so absurd. It 0:03:15.840 --> 0:03:18.799 is so absurd. I mean, what do you think, I mean, 0:03:19.240 --> 0:03:22.280 in any workplace set, in any setting whatsoever, with adults, 0:03:22.360 --> 0:03:28.560 What do you think you're accomplishing by saying you're too stupid? Oh, 0:03:29.320 --> 0:03:32.639 I'm glad you're amused. What do you think he thinks 0:03:32.639 --> 0:03:35.400 he's accomplishing. I have no idea. I think he's an 0:03:35.440 --> 0:03:39.800 undisciplined child half the time. I mean, it was one 0:03:39.800 --> 0:03:43.760 of your middle of the night tweets or truths or whatever. 0:03:46.200 --> 0:03:51.080 You're a total loser. You know. There's a certain core 0:03:51.160 --> 0:03:54.600 constituency is that loves that. It loves the brawling and 0:03:54.680 --> 0:03:59.880 the tough talk and the insults and all well brawling, yes, may, 0:04:00.200 --> 0:04:03.240 but I don't know some of the trumpiest people I 0:04:03.360 --> 0:04:06.440 know at stuff like that, they roll their eyes and 0:04:06.480 --> 0:04:10.600 say why I would agree, Yeah, that's my experience as well. 0:04:11.440 --> 0:04:13.280 You asked, and so I attempted to come up with 0:04:13.320 --> 0:04:17.040 an answer. It's just so amazing. I feel like if 0:04:17.080 --> 0:04:20.120 I ever did that, I would like the next day 0:04:20.160 --> 0:04:24.560 think I need to reevaluate my way I handle things. 0:04:26.120 --> 0:04:28.800 Sorry for well, Ron is stupid in the middle of 0:04:28.800 --> 0:04:32.400 the night, and if he weren't famously sober, I think 0:04:32.440 --> 0:04:35.400 all of us would sink. Oh, for God's sake, Melanie 0:04:35.440 --> 0:04:36.839 has got to take the phone out of his hand 0:04:36.880 --> 0:04:39.600 after that second trying. Yeah. Yeah, if it wasn't that, 0:04:39.680 --> 0:04:41.880 he's you know, no caffeine, no booze, no nothing ever 0:04:41.920 --> 0:04:45.159 his whole life. Yeah, you'd automatically think, because this happens 0:04:45.200 --> 0:04:48.440 in the middle of the night so often, you'd absolutely 0:04:48.520 --> 0:04:52.679 think he's drunk, because that is such a drunk post 0:04:53.080 --> 0:04:58.440 all the capital letters, too angry, too stupid, and a 0:04:58.520 --> 0:05:04.320 total loser. All right, all right, that's good. Maybe he's 0:05:04.360 --> 0:05:10.280 on nicazines or kratom. There are not one, but two 0:05:10.320 --> 0:05:13.280 stories about weird new drugs that are killing people by 0:05:13.320 --> 0:05:15.440 the hundreds and soon to be the thousands. Oh, it's 0:05:15.480 --> 0:05:17.320 just like a fentanyl thing, like people are getting high 0:05:17.320 --> 0:05:18.760 on them. I thought you were talking about that's going 0:05:18.839 --> 0:05:22.760 to mention a sleep drug or weight loss drug or something. No, No, 0:05:22.880 --> 0:05:26.919 these are both getting high drugs, okay. And what do 0:05:26.960 --> 0:05:29.840 they do to you? Like they leave holes in your 0:05:29.920 --> 0:05:33.600 legs and like trank, you just don't have any brain 0:05:33.640 --> 0:05:36.280 activity anymore, like you lean over. But there must be 0:05:36.320 --> 0:05:41.360 some upside or you wouldn't take it right, right. Yeah, 0:05:41.400 --> 0:05:45.640 In the case of the one, it's the cleverness of 0:05:45.720 --> 0:05:49.640 Chinese scientists who keep coming up with synthetic opioids to 0:05:49.720 --> 0:05:54.080 feed to the decadent Americans and we keep gobbling them up. Wow, 0:05:57.080 --> 0:06:01.599 innovative fellas those Chinese. There were several truth socials overnight 0:06:01.960 --> 0:06:05.240 announcing some big tariff deals that we can get to 0:06:05.279 --> 0:06:07.800 a little bit later, as the deadline is tomorrow for 0:06:07.800 --> 0:06:11.359 a whole bunch of that stuff. Canada hasn't been worked 0:06:11.360 --> 0:06:14.560 out yet, And Canada announced in the last couple of 0:06:14.600 --> 0:06:18.600 hours that they are going to also recognize Palestine as 0:06:18.640 --> 0:06:21.520 a state, breaking with the United States for the first time. 0:06:21.640 --> 0:06:23.640 So that is starting to crumble. I hope it doesn't 0:06:23.720 --> 0:06:27.680 end up just being US and Israel completely alone in 0:06:27.760 --> 0:06:30.240 the UN. That would not be good. I don't think 0:06:30.279 --> 0:06:33.560 for anybody. Somebody's got to explain to me what that 0:06:33.760 --> 0:06:39.119 means exactly to recognize as a state. Just a amorphous 0:06:39.160 --> 0:06:42.960 mass of people've got some land, but nobody's sure what. 0:06:43.320 --> 0:06:45.840 They don't have a functioning government because the last one 0:06:45.880 --> 0:06:49.080 was run by a brutal terrorist organization. But we're going 0:06:49.160 --> 0:06:51.600 to recognize them as a country. You gotta send an 0:06:51.600 --> 0:06:58.440 ambassador Canada where to. I don't think it means anything concretely, 0:06:58.600 --> 0:07:02.440 but I think it means a Lotreally countries are starting 0:07:02.440 --> 0:07:04.159 to peel off, and it could end up just being 0:07:04.279 --> 0:07:06.280 I mean, because there's always been the United States and 0:07:06.320 --> 0:07:09.240 a handful of like the important countries in the world 0:07:09.520 --> 0:07:11.920 that stood by us in Israel and all these resolutions 0:07:11.920 --> 0:07:15.000 and everything in the UN. And if that all falls away, 0:07:15.360 --> 0:07:18.400 I mean, you excuse me. Did a bug fly in 0:07:18.440 --> 0:07:21.920 my throat? What happened there? I don't know. I have 0:07:21.960 --> 0:07:24.120 to examine the footage, you know, for the crowd that 0:07:24.200 --> 0:07:27.240 hates Jews and conspiracy theorists and everything like that, When 0:07:27.240 --> 0:07:30.040 it's just the United States and Israel alone on all 0:07:30.040 --> 0:07:32.120 this stuff, that's that's not going to be a good look. 0:07:32.840 --> 0:07:34.880 I would agree yeah, it is not a good look. 0:07:34.920 --> 0:07:38.880 One of my favorite writers said Hamas will never surrender. 0:07:38.960 --> 0:07:41.960 It's time for a Plan B for Israel, which I 0:07:41.960 --> 0:07:44.120 found intriguing. We can touch on that. What could that 0:07:44.160 --> 0:07:48.360 possibly be? Well, the point is that you will never 0:07:48.640 --> 0:07:51.880 actually defeat them. They will be a brutal gorilla force 0:07:51.920 --> 0:07:53.960 for one hundred years. You have to come up with 0:07:54.200 --> 0:08:00.400 I don't know, you're too stupid. Yeah you're I'm gonna 0:08:00.400 --> 0:08:03.200 try that with my wife. I don't know. Friend, if 0:08:03.200 --> 0:08:08.120 I had a disagreement, whatever, kids, sure, every neighbors please 0:08:08.360 --> 0:08:11.640 please Hey your gardener is blowing like your leaves onto 0:08:11.800 --> 0:08:14.760 ar lawn. Well, you're too stupid to clean up leaves? 0:08:15.880 --> 0:08:21.560 See for one? What number two? What? Let's start the 0:08:21.560 --> 0:08:23.840 show officially. I'm Jack Armstrong. He's Joe Getty on this. 0:08:23.880 --> 0:08:26.400 It is Thursday, the last day of July thirty one. 0:08:26.720 --> 0:08:29.000 You're twenty twenty five. We're Armstrong and getting We approve 0:08:29.000 --> 0:08:31.720 of this program. All right, then, let's begin the show officially. 0:08:31.760 --> 0:08:33.880 Now according to the FCC Rules of Regulations, here we 0:08:33.920 --> 0:08:35.320 go at Mark High nun. 0:08:35.280 --> 0:08:38.120 Is warning its customers that some of its vodka seltzers 0:08:38.160 --> 0:08:43.160 were accidentally labeled as non alcoholic Celsius energy drinks. The 0:08:43.200 --> 0:08:46.719 company says the high nun Beach variety packs, which have alcohol, 0:08:46.960 --> 0:08:51.240 were mislabeled as the Celsiest astro Vibe energy drink. Those 0:08:51.280 --> 0:08:54.360 packs were shipped recently to six states in the eastern 0:08:54.400 --> 0:08:56.000 half of the country. 0:08:56.480 --> 0:09:00.000 So the net result being if you if your energy 0:09:00.120 --> 0:09:02.640 drink causes you to crash your car and or sleep 0:09:02.640 --> 0:09:06.000 with someone you find unattractive. Uh, perhaps you got one 0:09:06.040 --> 0:09:08.600 of those art to call your boss too stupid to 0:09:08.640 --> 0:09:13.120 do his job. Perhaps Hey, I got energy and I 0:09:13.160 --> 0:09:16.680 can't remember my problem. I don't know if I feel 0:09:16.679 --> 0:09:20.240 more energetic, but I feel pretty good. I felt real 0:09:20.440 --> 0:09:23.120 energetic for a while. Now I don't feel energetic at all. 0:09:23.160 --> 0:09:25.400 If you hammered down a whole can of vodka, you'd 0:09:25.400 --> 0:09:29.760 be feeling something. I guarantee you. Oh wow, Well, we 0:09:29.800 --> 0:09:32.120 got Katie's headlines on the weekd we mail bag this hour. 0:09:32.160 --> 0:09:34.280 We do have to get into some of the actual 0:09:34.600 --> 0:09:37.840 announcements where it wasn't just calling people stupid for various 0:09:37.840 --> 0:09:40.160 things that are going around the world. Made some strong 0:09:40.240 --> 0:09:44.480 statements about Russia. Russia just hammered Kiev again last night. 0:09:44.960 --> 0:09:50.240 So apparently Trump's new fifty days, schmifty days. I don't 0:09:50.240 --> 0:09:53.360 trust you. Vladimir didn't hurt Vladimir's feelings because he went 0:09:53.400 --> 0:09:56.679 after Kiev last night. Number of people killed, three hundred 0:09:56.720 --> 0:09:59.720 drones all at the capitol, and Trump with some strong 0:09:59.720 --> 0:10:02.160 words about that last night. So we'll see where that's going. 0:10:02.440 --> 0:10:04.199 All on the way, here's our text line four one 0:10:04.400 --> 0:10:13.120 five two nine five KFTC Trump, uh truths out. I 0:10:13.160 --> 0:10:15.240 don't care what India does with Russia. They can take 0:10:15.240 --> 0:10:18.120 their debt economies down together, for all I care. We 0:10:18.160 --> 0:10:20.280 have done very little business with in the other tarifs 0:10:20.320 --> 0:10:22.320 or two high among the highest in the world. Likewise, 0:10:22.520 --> 0:10:25.200 Russia and the USA do almost no business together. Let's 0:10:25.240 --> 0:10:27.680 keep it that way and tell med Vedev that the 0:10:27.720 --> 0:10:30.400 failed former president of Russia who thinks he's still present 0:10:30.440 --> 0:10:35.120 to watch his words. He's entering very dangerous territory. Wow, 0:10:35.200 --> 0:10:39.280 so much for wooing India. They can take their debt 0:10:39.360 --> 0:10:43.880 economies down together. I don't care. It's this interesting that 0:10:43.880 --> 0:10:50.600 that's the way we're communicating our policy toward two some 0:10:50.640 --> 0:10:53.760 of the biggest economies in the world. Right, And it's 0:10:53.760 --> 0:10:57.679 worth throwing in that a number of things that Trump 0:10:57.679 --> 0:11:00.000 has done and is doing, are are yielding very good result? 0:11:00.240 --> 0:11:00.560 Sure. 0:11:00.920 --> 0:11:03.040 On the other hand, I can see it in the 0:11:03.040 --> 0:11:07.480 faces of the world leaders. This is so weird. We 0:11:07.679 --> 0:11:09.520 just need to get through this. It's a few years 0:11:09.559 --> 0:11:12.600 of our lives and they'll elect somebody else and it'll 0:11:12.840 --> 0:11:15.839 purely be more normal. That's what they're thinking. You can 0:11:15.920 --> 0:11:19.120 read it behind their eyes. It's just odd times, all right. 0:11:19.160 --> 0:11:22.120 A lot to get to this hour, including the fact 0:11:22.160 --> 0:11:25.600 that the gross domistic product report that got so much 0:11:25.600 --> 0:11:29.040 attention yesterday is is probably wildly misleading or in the 0:11:29.120 --> 0:11:31.800 right direction or wrong direction. You're not gonna love it. 0:11:32.520 --> 0:11:34.439 But first let's figure out who's reporting what. It's the 0:11:34.480 --> 0:11:35.680 lead story with Katie Green. 0:11:35.800 --> 0:11:40.280 Katie all right, he's starting with MSNBC. Trump threatens trade 0:11:40.320 --> 0:11:43.640 war with Canada over recognition of Palestinian state. 0:11:44.120 --> 0:11:46.719 Yeah. His response to what was, Wow, it's going to 0:11:46.760 --> 0:11:48.880 be very difficult to get a trade deal now that 0:11:48.920 --> 0:11:50.920 Canada's recognized Palestine. 0:11:52.760 --> 0:11:57.520 From CNN, Trump says, quote fastest way to end humanitarian 0:11:57.559 --> 0:12:01.520 crisis in Gaza is for Hamas to release remaining hostages. 0:12:01.640 --> 0:12:05.160 Immediately left out of every story is Hamas has a 0:12:05.240 --> 0:12:08.760 saying this too. They could stop declaring all Jews need 0:12:08.800 --> 0:12:11.720 to die and let the hostages loose if they wanted to, 0:12:11.760 --> 0:12:14.199 and that would change things quite a bit. If they 0:12:14.480 --> 0:12:17.640 and the leadership before them, and the leadership before them 0:12:17.960 --> 0:12:21.440 had seriously wanted peace with Israel, they would have had 0:12:21.679 --> 0:12:24.319 ninety eight percent of what they asked for. In a 0:12:24.360 --> 0:12:30.120 Homeland to day, ask Bill Clinton, ask Jimmy Carter, asks 0:12:30.280 --> 0:12:36.240 you know any successive president it's a jihadist maniac Middle 0:12:36.320 --> 0:12:37.640 Ages organization. 0:12:39.679 --> 0:12:43.920 From the Wall Street Journal, New York shooting puts Mandami 0:12:44.160 --> 0:12:48.280 on the spot over his views on police. 0:12:48.520 --> 0:12:53.280 Well, so he backed off his uh anti police rhetoric yesterday. 0:12:54.360 --> 0:12:58.360 He's a clever fella, no doubt, he's an articulate boy. 0:12:59.160 --> 0:13:01.520 But yeah, his his past is haunting him in terms 0:13:01.559 --> 0:13:02.920 of crime and the police and the rest of it. 0:13:03.320 --> 0:13:06.280 And it's really really interesting. I also read a perspective 0:13:06.320 --> 0:13:09.520 about the percentage of young voters who think it was 0:13:09.720 --> 0:13:12.480 justified to murder that young father who happen to work 0:13:12.520 --> 0:13:15.400 for a healthcare company in cold blood on the streets, 0:13:16.120 --> 0:13:20.040 who think all sorts of violence and horror is justified. 0:13:20.520 --> 0:13:23.000 This is an odd generation coming up. Well, we let 0:13:23.080 --> 0:13:24.920 them get miseducated in government schools. 0:13:24.960 --> 0:13:28.680 I think kind of along with that from Fox News, 0:13:29.080 --> 0:13:34.520 Cincinnati City councilwoman victims of mob attack quote begged for 0:13:34.640 --> 0:13:35.559 that beat down. 0:13:35.920 --> 0:13:38.160 Well, I still don't. I haven't looked into the story 0:13:38.160 --> 0:13:41.600 because it sounds so horrible. Is any is anybody going 0:13:41.640 --> 0:13:43.839 to pay a price, go to prison anything for this? 0:13:44.000 --> 0:13:48.080 Or maybe? Yeah? Fox News is finally reporting that it 0:13:48.120 --> 0:13:51.599 was all black people beating down two white people and 0:13:52.240 --> 0:13:55.440 trying to kill them in the streets. And there is 0:13:55.559 --> 0:13:59.240 talk of hate crime charges, and there absolutely should be 0:13:59.400 --> 0:14:03.480 if the exist anywhere in the country, it's appropriate. Here 0:14:03.600 --> 0:14:04.920 clearly had a racial component. 0:14:06.120 --> 0:14:10.240 From the Washington Post, the federal government is paying more 0:14:10.320 --> 0:14:14.720 than one hundred and fifty four thousand people to not work. 0:14:16.080 --> 0:14:19.640 That's a lot of sub through early resignation offers and 0:14:19.680 --> 0:14:23.480 other programs have reduced the workforce, but we're paying for it. 0:14:23.760 --> 0:14:26.480 How do I get one of those deals? Seriously, sign 0:14:26.560 --> 0:14:28.760 me up. I could kick ass at that job. 0:14:30.080 --> 0:14:34.840 From USA Today, Kamala Harris leaves door open for potential 0:14:35.000 --> 0:14:37.080 twenty twenty eight presidential run. 0:14:37.240 --> 0:14:40.840 Yes, so she announced yesterday she's not running for governor 0:14:40.920 --> 0:14:43.920 of California, And my first thought was, Okay, it's serious. 0:14:43.960 --> 0:14:47.600 Then she is seriously considering running for president, which is 0:14:47.760 --> 0:14:49.400 what the hell is going on. I think she could 0:14:49.440 --> 0:14:52.200 get elected governor of California because we're such a wacky 0:14:52.240 --> 0:14:55.440 state she is, I don't think. I think same as 0:14:55.480 --> 0:14:57.160 the last time she ran. She won't make it to 0:14:57.240 --> 0:15:01.320 Iowa running for president. No, No, it'll be a joke. 0:15:01.400 --> 0:15:04.320 How is she to be humiliated? How is she that deluded? 0:15:05.320 --> 0:15:08.640 I don't know, because she's dumb, or she's surrounded by 0:15:08.680 --> 0:15:12.560 people that because she's too stupid, you're too stupid. She's 0:15:12.600 --> 0:15:14.720 surrounded by people that get, you know, something out of 0:15:14.760 --> 0:15:15.800 tell her you can win. 0:15:17.400 --> 0:15:22.240 For maybec Brown University joins the list of colleges reaching 0:15:22.360 --> 0:15:25.920 million dollar deals with the White House to unfreeze their funding. 0:15:27.280 --> 0:15:34.160 Yeah, the universities are clearly discriminating by race and religion 0:15:34.280 --> 0:15:37.920 as well, just openly, or if it's not openly, behind 0:15:37.920 --> 0:15:40.680 the scenes and there's huge paper trails available. We'll talk 0:15:40.680 --> 0:15:43.520 about that more later too. But yeah, it's it's shameless. 0:15:43.600 --> 0:15:46.120 This is one of the things that Trump administration that 0:15:46.480 --> 0:15:48.080 is doing that is fantastic. 0:15:49.560 --> 0:15:55.000 From the New York Post, Louisiana medicaid millionaire bought a 0:15:55.080 --> 0:15:58.560 Lamborghini while claiming government benefits for years. 0:15:58.920 --> 0:16:04.920 Yesterday was the the sixtieth anniversary of the signing of 0:16:05.080 --> 0:16:08.320 Medicare and Medicaid. We should go through some of the 0:16:08.440 --> 0:16:12.880 numbers over those decades of what has and hasn't been accomplished. 0:16:13.400 --> 0:16:16.280 Bigger emphasis on what hasn't been accomplished other than spending 0:16:16.360 --> 0:16:18.600 tax payer money that has been accomplished to a great. 0:16:18.720 --> 0:16:23.520 Great level study fines and I apologize for this. 0:16:23.600 --> 0:16:23.880 Guys. 0:16:24.440 --> 0:16:30.400 Oh poop pee and perspiration and the deceptive smell of chlorine. 0:16:31.120 --> 0:16:32.800 How jermy really. 0:16:32.760 --> 0:16:37.120 Is a swimming pool? M Some of the details in 0:16:37.160 --> 0:16:39.560 this are grim. 0:16:39.120 --> 0:16:40.360 Yeah, yeah, I would guess. 0:16:41.640 --> 0:16:44.840 And finally the Babylon Bee, which is usually satire, but 0:16:44.880 --> 0:16:47.440 maybe they're right here. Kamala announced that she will step 0:16:47.480 --> 0:16:50.320 away from politics to spend more time with vodka. 0:16:52.680 --> 0:16:57.000 Wow, I'll bet she never even runs for president. When 0:16:57.040 --> 0:16:59.400 she starts trying to get people behind her to back her, 0:16:59.480 --> 0:17:01.240 and the money people and everything like that, it just 0:17:01.240 --> 0:17:06.199 ain't gonna happen. Maybe a little preliminary quiet polling comes 0:17:06.240 --> 0:17:11.000 back dismally. Yeah, I could see her, although I'm holding 0:17:11.040 --> 0:17:13.000 out hope because I would love to see that. It 0:17:13.000 --> 0:17:14.600 would be hilarious. I would like it too. She was 0:17:14.640 --> 0:17:17.200 at the top of the poles in California even though 0:17:17.200 --> 0:17:21.240 it's very very early, and decided not to run Armstrong 0:17:21.320 --> 0:17:21.800 and Geddy. 0:17:23.400 --> 0:17:26.760 An earthquake struck off the coast of Russia yesterday that 0:17:26.800 --> 0:17:29.720 measured an eight point eight magnitude on the Richter scale. 0:17:29.800 --> 0:17:33.320 It was so powerful that Putin's associates were falling off 0:17:33.359 --> 0:17:34.920 balconies by accident. 0:17:36.560 --> 0:17:38.639 I like that, and he joke at the expense of 0:17:38.680 --> 0:17:44.200 Putin being evil as good joke Here before Joe inexplicably 0:17:44.720 --> 0:17:47.840 throws a wet blanket on a good news story from yesterday. 0:17:48.000 --> 0:17:50.000 I don't know why he wants to bring us down. 0:17:50.160 --> 0:17:53.880 Apparently he wanted Kamla to win. But before mainenance malice. 0:17:54.040 --> 0:18:00.000 Before Joe gets to that, two things. One got really 0:18:00.080 --> 0:18:02.600 interesting news about Kamala Harris I hadn't come across since 0:18:02.680 --> 0:18:08.000 yesterday's announcement. And two homework assignment for you, Katie, because 0:18:08.040 --> 0:18:11.480 I assumed Joe hasn't looked into this. The orange thing 0:18:11.720 --> 0:18:14.280 in the picture of Epstein's cell. They got all the 0:18:14.280 --> 0:18:16.159 attention all day yesterday. Can you fill us in on 0:18:16.160 --> 0:18:18.200 that story, Katie, coming. 0:18:18.160 --> 0:18:21.240 Well, I mean it's it's they're calling it quote. 0:18:21.080 --> 0:18:23.479 End plane site. Yeah, coming up. I want you to 0:18:23.760 --> 0:18:25.560 nail that down for us, because that was Is that 0:18:25.680 --> 0:18:28.720 related to the green thing seen on the court in 0:18:28.760 --> 0:18:32.879 the WNBA game? No, it's not at all. Okay, there is. 0:18:33.440 --> 0:18:37.000 What is that in Epstein's cell became a storied yesterday, 0:18:37.680 --> 0:18:41.000 so I'll have that on the way too. Fascinating. So 0:18:42.560 --> 0:18:45.359 yesterday the news was that the economy grew at a 0:18:45.400 --> 0:18:50.720 three percent annualized basis, which is pretty good, and various 0:18:50.720 --> 0:18:53.679 people were saying, this makes it clear that AB and C, 0:18:53.880 --> 0:18:58.280 including that the tariff thing hasn't hurt the economy. I 0:18:58.280 --> 0:19:00.600 don't know if i'd say that it didn't know that 0:19:00.640 --> 0:19:03.400 we weren't official. People were saying that, yeah, it didn't 0:19:03.400 --> 0:19:05.520 mean we are official. Weren't officially in a recession, which 0:19:05.520 --> 0:19:07.560 would have been, like I said, thank god I avoided 0:19:07.560 --> 0:19:11.040 that conversation. And a lot of Trump fans or conservatives 0:19:11.080 --> 0:19:13.880 are touting the fact that a wasted bill Maher say, 0:19:14.000 --> 0:19:18.040 you know, I thought the tariff thing might cousinflation are 0:19:18.080 --> 0:19:19.840 screwed up, but you got to give him credit. It 0:19:19.880 --> 0:19:23.119 hasn't well. As I said yesterday and have said for 0:19:23.160 --> 0:19:26.000 quite a while, many birds have not yet come home 0:19:26.040 --> 0:19:29.080 to roost. And here's in defense of the people that 0:19:29.200 --> 0:19:32.280 said the things you were just saying. A lot of 0:19:32.280 --> 0:19:37.480 those people were saying they would have happened by now, yes, 0:19:37.800 --> 0:19:40.879 although a lot of that talk was based on the 0:19:40.960 --> 0:19:46.840 so called Liberation Day tariffs, which never happened. So that's 0:19:46.840 --> 0:19:50.200 ancient pushback nailing down who meant what? At what point 0:19:50.280 --> 0:19:55.520 is well, that's hidious and so moving along, This may 0:19:55.560 --> 0:19:59.639 be the weirdest GDP report ever, according to the fellows 0:19:59.640 --> 0:20:01.560 of the Walls Street Journal, who would know. The top 0:20:01.560 --> 0:20:04.359 line growth number looks good in the White House touted 0:20:04.480 --> 0:20:07.840 of course, and it reversed a zero point five percent 0:20:07.960 --> 0:20:11.080 decline in the GDP in the first quarter, which was 0:20:11.200 --> 0:20:15.280 largely explained by a huge surge of imports as businesses 0:20:15.320 --> 0:20:19.480 tried to front run the anticipated tariff barrage. Remember the 0:20:19.600 --> 0:20:24.600 quirk of the GDP accounting that it's essentially domestic production 0:20:24.880 --> 0:20:29.320 minus imports. Okay, so growth in the first half of 0:20:29.359 --> 0:20:31.159 the year turned out to be about one point two 0:20:31.200 --> 0:20:35.520 percent annualized. Most striking are the second quarter reports wild 0:20:35.720 --> 0:20:41.520 internal details. Net exports minus, which is exports minus imports, 0:20:41.920 --> 0:20:46.720 added a remarkable five percent to GDP as imports fell 0:20:46.840 --> 0:20:52.400 by more than thirty percent. That's a big number. Yeah, 0:20:52.440 --> 0:20:58.480 that's an astonishing number. In one imports. Yes, imports subtract 0:20:58.520 --> 0:21:03.000 from growth in the Nashal accounts because GDP measures domestic production, 0:21:03.760 --> 0:21:07.320 imports are produced over CAS. But they point out imports 0:21:07.320 --> 0:21:10.159 are still crucial to US economic well being because A 0:21:10.400 --> 0:21:14.440 consumers buy them and B businesses use them as inputs 0:21:14.480 --> 0:21:20.400 for what they produce, whether for domestic use or for export. 0:21:20.560 --> 0:21:26.600 Often for export, we import you know, the simple stuff 0:21:27.119 --> 0:21:30.680 or you know, or the raw materials, and we export 0:21:30.800 --> 0:21:35.560 sophisticated stuff or you know. There are many, many variations 0:21:35.640 --> 0:21:38.000 of it. But anyway, the crazy swing and imports shows 0:21:38.000 --> 0:21:41.159 how much Trump's up and down trade policies have disrupted 0:21:41.200 --> 0:21:45.560 business decisions and left companies scrambling to adapt. This seems 0:21:45.560 --> 0:21:48.320 to have had a negative effect on private domestic investment, 0:21:48.760 --> 0:21:52.359 which fell almost sixteen percent in the second quarter after 0:21:52.440 --> 0:21:56.880 a surge in the first. So in short, everybody's flailing 0:21:57.040 --> 0:22:00.879 in business at not sure or what the tariffs are 0:22:00.920 --> 0:22:03.240 going to be, not sure what the situation is important 0:22:03.240 --> 0:22:05.640 export wise, and the birds have not yet come home 0:22:05.680 --> 0:22:10.359 to roost. Well, that doesn't make me happy. You didn't 0:22:10.359 --> 0:22:12.159 need to tell me that. No, so you wish Kamalah 0:22:12.160 --> 0:22:16.720 had won? Is your excellent labs? Exactly my point? Yeah, 0:22:16.800 --> 0:22:19.160 before we go. Oh and the other giant story, which 0:22:19.160 --> 0:22:22.560 we mentioned later in the show yesterday is that federal 0:22:22.600 --> 0:22:28.119 appeals judges are considering the legality of the president's widespread 0:22:28.160 --> 0:22:33.200 tariffs moves today. God that huge court case. Wouldn't that 0:22:33.280 --> 0:22:36.439 be something if the courts decide he can't do that? 0:22:37.600 --> 0:22:42.840 What what have we been talking about for five months? Right? 0:22:43.080 --> 0:22:47.000 Redoing the entire world trade situation? Oh, he can do that? Okay, 0:22:47.080 --> 0:22:49.639 never mind then, And I don't think he's helped his 0:22:49.760 --> 0:22:53.000 case either. And I'll explain that in a second. The 0:22:53.040 --> 0:22:56.119 deliberation day tariffs and all sorts of all the tariff 0:22:56.119 --> 0:23:00.680 thing has been based on or they use this rationale. 0:23:00.720 --> 0:23:04.199 The Trump administration a nineteen seventies law, the International Emergency 0:23:04.240 --> 0:23:09.320 Economic Powers Act. It lets the president do certain things. 0:23:09.880 --> 0:23:11.680 And I could get into the verbiage of the law, 0:23:11.680 --> 0:23:16.240 but it has to be a quote unquote international emergency. 0:23:16.680 --> 0:23:20.840 And there is a serious disagreement over whether mild trade 0:23:20.880 --> 0:23:24.560 deficits are an emergency. And the second thing, the reason 0:23:24.640 --> 0:23:27.320 I say Trump hurt his case is that he just 0:23:27.480 --> 0:23:32.960 raised tariffs on Brazil sky high because he doesn't like 0:23:33.040 --> 0:23:36.040 how the government of Brazil is treating their ex president, 0:23:36.480 --> 0:23:41.200 his friend Bolsonaro. Or he just threatened overnight to not 0:23:41.280 --> 0:23:43.399 do a tariff deal with Canada because they're going to 0:23:43.440 --> 0:23:49.399 recognize Palestine as a state. Yeah. Yeah, So if I 0:23:49.440 --> 0:23:51.040 were a bettman, wait a min and I am a 0:23:51.040 --> 0:23:54.119 betting man. I don't like his chances in court, but 0:23:54.160 --> 0:23:57.320 I am far from a legal expert. Okay, before we 0:23:57.400 --> 0:24:01.879 get to the hilarity of Kamala Harrison for president, is 0:24:01.920 --> 0:24:05.280 there anything to yesterday's Epstein story? I will preface it 0:24:05.320 --> 0:24:10.440 with this. Mark Halpern, who is in the top handful 0:24:10.480 --> 0:24:14.560 of most trusted journalists I believe what he is reporting, 0:24:16.119 --> 0:24:19.560 thinks the Epstein thing is a giant point of vulnerability. 0:24:19.600 --> 0:24:23.280