WEBVTT - The A&G Replay Wednesday Hour 4 0:00:11.440 --> 0:00:15.680 Broadcasting live from the Abraham Lincoln Radio Studio the George 0:00:15.800 --> 0:00:19.840 Washington Broadcast Center. Jack Armstrong and Joe Getty. 0:00:19.760 --> 0:00:22.239 Arm Strong and get Ki and no Hee. 0:00:24.960 --> 0:00:38.440 Armstrong and Getty strong Man. Welcome to a replay of 0:00:38.520 --> 0:00:42.080 the Armstrong and Getty Show. We are on vacation, but boy, 0:00:42.120 --> 0:00:44.400 do we have some good stuff for you. Yes, indeed 0:00:44.479 --> 0:00:46.120 we do. And if you want to catch up on 0:00:46.159 --> 0:00:49.479 your ang listening during your travels, remember grabbing podcast Armstrong 0:00:49.520 --> 0:00:51.360 and Getty on demand. You ought to subscribe wherever you 0:00:51.440 --> 0:00:56.160 like to get podcasts. Now on with the infotainment. Some 0:00:56.280 --> 0:00:57.120 breaking news just. 0:00:57.120 --> 0:00:59.800 Out of our newsroom here at Fox thirteen. A man 0:00:59.840 --> 0:01:02.680 is in the hospital after being shot in the leg overnight. 0:01:02.960 --> 0:01:07.880 If the police say he was shot by his dog, seriously, 0:01:08.640 --> 0:01:12.520 I don't think that's right. This happened just before four 0:01:12.600 --> 0:01:16.520 am at a home on Whitney Avenue in Fraser Wow. 0:01:16.800 --> 0:01:19.679 Police say the man was lying in the bed with 0:01:19.760 --> 0:01:22.640 a girl with a gun on the bed. Police say 0:01:22.880 --> 0:01:26.479 his dog jumped up on the bed, got his paul 0:01:26.560 --> 0:01:30.640 stuck in the trigger and ended up hitting the trigger, 0:01:31.520 --> 0:01:33.000 shooting the man in the thigh. 0:01:33.080 --> 0:01:34.240 Wow accident. 0:01:34.319 --> 0:01:37.920 Yeah, so the dog claims you pretend to throw the 0:01:37.920 --> 0:01:40.520 tennis ball, you stick it in the couch cushion one 0:01:40.560 --> 0:01:41.560 too many times? 0:01:42.040 --> 0:01:44.800 Right, And Dora, I'm supposed to be there in the 0:01:44.840 --> 0:01:48.760 bed next to you. And who's this? Huh? You cheating bastard. 0:01:48.840 --> 0:01:51.040 When's the last time I went for a walk? Can 0:01:51.080 --> 0:01:58.400 you even remember? Pow? Wow wow, bad boy, bad dog. 0:01:59.200 --> 0:02:02.320 The dog ties him to a chair like reservoir dogs. 0:02:02.600 --> 0:02:03.840 I'm not putting up with this anymore. 0:02:04.000 --> 0:02:08.280 Right, Wait, so Jack Michael, do we have that the 0:02:08.760 --> 0:02:12.840 two rappers were talking and gunshots went off? That's a 0:02:12.960 --> 0:02:15.760 candidate for clip of the year. So I like the way. 0:02:15.960 --> 0:02:18.360 Clearly this news anchor who's got a bit of a 0:02:18.560 --> 0:02:20.639 kent Brockman Will Ferrell vibe. 0:02:22.000 --> 0:02:22.600 Yes he does. 0:02:22.600 --> 0:02:26.240 Apparently was just handed this breaking news not knowing he 0:02:26.320 --> 0:02:27.799 was about to do a story about a man who 0:02:27.840 --> 0:02:32.320 was shot by a dog at four am. Yeah, so 0:02:33.000 --> 0:02:37.880 could happen. It's also possible that he was messing around 0:02:37.880 --> 0:02:41.000 with his gun, or she shot him or something. They 0:02:41.000 --> 0:02:44.800 don't want to tell anybody what actually happened, right, Yeah. 0:02:44.680 --> 0:02:47.639 That's that's at least, although you know, it's not implausible 0:02:47.720 --> 0:02:50.880 that if you are living the lifestyle where you're lying 0:02:50.919 --> 0:02:53.520 in bed with quote unquote a girl who wrote that story? 0:02:53.560 --> 0:02:57.120 Do they need a woman? I would hope. And there's 0:02:57.160 --> 0:03:00.960 a gun laying there for some reason, you can't put 0:03:00.960 --> 0:03:03.880 it on the nightstand even Yeah, you're living the sort 0:03:03.880 --> 0:03:06.360 of lifestyle where your dog shoots. Maybe he or she 0:03:06.600 --> 0:03:09.960 likes the gun pointed at them during their romantic times. Oh, 0:03:10.000 --> 0:03:12.560 good lord, remember seeing. 0:03:11.800 --> 0:03:14.359 No I remember seeing that in the Sopranos, Remember one 0:03:14.360 --> 0:03:16.480 of them. Somebody liked having a gun to their head. 0:03:16.840 --> 0:03:20.960 Tawdry? Its way too tawdry. No, a dog just shot someone. 0:03:22.720 --> 0:03:25.359 This is time for frank talk. The pets are rising 0:03:25.440 --> 0:03:31.080 up as I predicted. Go ahead, Michael, and choices we 0:03:31.160 --> 0:03:33.240 got in life, those were your choices. 0:03:37.800 --> 0:03:42.000 Somebody got shot. Oh how good? 0:03:44.360 --> 0:03:46.720 Hold on the dirty dead? What do I want with 0:03:46.880 --> 0:03:47.480 my idea? 0:03:47.640 --> 0:03:48.920 Don't shut me? 0:03:51.880 --> 0:03:56.080 Everybody, everybody, everybody that's the sort of guy who's in 0:03:56.120 --> 0:03:58.880 bed with a girl and a dog shoots. They have 0:03:59.040 --> 0:04:05.400 a much more relaxed, lighthearted view of shootings in the room. 0:04:05.480 --> 0:04:10.520 On fire, shootings in the room. I mean, it's not 0:04:10.560 --> 0:04:14.480 even an accidental shooting at the range or outdoors or something. 0:04:14.480 --> 0:04:16.240 We're in a room with a number of people, A 0:04:16.320 --> 0:04:21.560 gun guts off. Somebody's been shot. You good, I've been shot? 0:04:23.240 --> 0:04:26.560 You good? You good? Everybody good? Okay, So as I 0:04:26.680 --> 0:04:30.040 was saying, why you've different a different lifestyle than I have? 0:04:32.120 --> 0:04:33.600 Who shot? Who? 0:04:34.120 --> 0:04:34.880 Somebody got shot? 0:04:35.040 --> 0:04:41.880 All right? Anyway, what are your plans today? You guys hungry? 0:04:41.920 --> 0:04:43.800 I'm hungry? Yeah? Crazy? 0:04:43.839 --> 0:04:45.279 Can I want to hear that other one, just the 0:04:45.279 --> 0:04:48.719 beginning part where the news anchor gets to the because 0:04:48.720 --> 0:04:49.680 I just find this funny. 0:04:50.560 --> 0:04:52.479 We want to get you to some breaking news just 0:04:52.560 --> 0:04:55.200 out of our newsroom here at Fox thirteen. A man 0:04:55.320 --> 0:04:57.560 is in the hospital after being shot in the leg 0:04:57.640 --> 0:05:03.320 overnight if his police say he was shot his dog. Seriously, 0:05:04.080 --> 0:05:08.360 I don't think that's right. This happened just before four am. 0:05:08.880 --> 0:05:09.560 Heah, you don't know. 0:05:09.640 --> 0:05:12.760 The dog Hitney Avenue in the Fraser Wow. Police say 0:05:12.760 --> 0:05:15.640 the man was lying in the bed with a girl 0:05:16.000 --> 0:05:19.040 with a gun on the bed. Police say his dog 0:05:19.440 --> 0:05:22.400 jumped up on the bed, got his paul stuck in 0:05:22.440 --> 0:05:27.520 the trigger and ended up hitting the trigger, shooting the 0:05:27.560 --> 0:05:28.440 man in the thigh. 0:05:28.520 --> 0:05:34.520 Wow. Four in the morning. I ain't eating lambon rice anymore. 0:05:34.640 --> 0:05:41.360 Give me some real freaking food. Was it a hunting dog? Oh? 0:05:41.880 --> 0:05:45.480 Boy, so there's actual love and of course some background checks. 0:05:45.480 --> 0:05:47.560 We don't know any of those things. Gun loopholes, what 0:05:47.640 --> 0:05:48.160 went on there? 0:05:49.400 --> 0:05:52.320 Wow? Wow? Well, and if I was going to make 0:05:52.320 --> 0:05:54.560 a serious point about it, that's the very sort of 0:05:54.600 --> 0:05:59.239 person the Democratic prosecutors would never enforce gun laws against. 0:06:00.560 --> 0:06:06.040 They howl for more gun laws constantly. And then I'm confused. 0:06:06.560 --> 0:06:09.279 You know what I walked into that didn't I? Yes, 0:06:09.400 --> 0:06:11.279 you know, Perhaps it's best to just move on to 0:06:11.360 --> 0:06:14.880 other fair I don't know why I enjoy giving jiv 0:06:15.120 --> 0:06:18.680 names to features sets of stories, but I do. Jack, 0:06:18.760 --> 0:06:24.160 So you get the choice between golden state of confusion 0:06:25.240 --> 0:06:30.920 or how markets really work, I'll go much more sober 0:06:32.279 --> 0:06:34.719 just because the lack of jiviness. I'm just curious after 0:06:34.760 --> 0:06:39.080 the ridiculousness. Yeah, okay, So story number one why the 0:06:39.120 --> 0:06:42.400 US keeps losing to China in the battle over critical 0:06:42.520 --> 0:06:48.240 minerals Because everybody knows that the minerals, the rarest the 0:06:48.480 --> 0:06:52.120 metals everybody's talking about that go into so much new technology. 0:06:52.880 --> 0:06:57.080 He or they who control access to those things controls 0:06:57.080 --> 0:07:00.160 the world economy to a large extent, And the obvious 0:07:01.000 --> 0:07:03.440 issue with that is that if we continue to be 0:07:03.680 --> 0:07:06.760 highly dependent on China to come up with those materials. 0:07:06.800 --> 0:07:08.960 We're screwed as an economy the minute they decide to 0:07:09.000 --> 0:07:13.000 tweak us or bring us to our knees. So you 0:07:13.080 --> 0:07:16.680 have this story of the effort to get a big 0:07:16.760 --> 0:07:24.120 giant New America and our allies run graphite mine and 0:07:25.600 --> 0:07:29.080 the goal to challenge China's dominance over the world supply 0:07:29.120 --> 0:07:31.840 of a critical mineral used in everything from electric vehicles 0:07:31.880 --> 0:07:37.640 to submarine hubs. And so this Australia based mining company, 0:07:37.920 --> 0:07:41.600 backed by more than one hundred million dollars of US 0:07:41.640 --> 0:07:47.280 government financing, maybe a worthy goal. Kind of funny, there 0:07:47.320 --> 0:07:49.240 wasn't any discussion of this, but this is what our 0:07:49.240 --> 0:07:53.080 giant government does. Opened a mine in Mozambique and built 0:07:53.080 --> 0:07:56.160 a graphite processing plant in Louisiana, the first of its 0:07:56.200 --> 0:07:58.880 type in the US, and also signed a sales deal 0:07:58.880 --> 0:08:02.080 with Tesla, which is historically brought graph height for cars 0:08:02.080 --> 0:08:05.200 from China for the batteries specifically. But then things started 0:08:05.200 --> 0:08:07.080 to go off the rails. China, which provides more than 0:08:07.160 --> 0:08:09.880 ninety percent of the world's battery grade graph height supply, 0:08:10.480 --> 0:08:11.560 jacked up its production. 0:08:11.840 --> 0:08:14.840 How many what did the market? How many stories include 0:08:14.920 --> 0:08:21.960 China supplies ninety eight percent of this or that way 0:08:22.000 --> 0:08:22.440 too many. 0:08:24.040 --> 0:08:28.680 And whether Trump's plans bear fruit or not, and whether 0:08:28.720 --> 0:08:31.520 He's allowed to even get the plans going fully is 0:08:31.560 --> 0:08:34.240 anybody's guess. But this is the very sort of thing 0:08:34.800 --> 0:08:37.600 that he and his advisors are trying to wean us 0:08:37.600 --> 0:08:40.040 from this sort of dependence. But anyway, the gist of 0:08:40.040 --> 0:08:42.920 the story is so China, which provides more ninety percent 0:08:43.000 --> 0:08:45.960 of the world's battery grade graph height supply, jacked up 0:08:45.960 --> 0:08:49.520 its production, flooding the market and driving prices so low 0:08:50.000 --> 0:08:54.040 that this mine, this company could not mine profitably. Wow. 0:08:54.520 --> 0:08:58.680 Last May, the Biden administration delayed new rules that would 0:08:58.679 --> 0:09:02.680 have penalized US buyers from buying Chinese graphite for reasons 0:09:02.679 --> 0:09:04.800 that I don't recall, probably because they were trying to 0:09:04.800 --> 0:09:08.960 get Shijin Ping to do something. In Mozambique, farmers resettled 0:09:08.960 --> 0:09:13.600 from the mining company's mind staged protests, shutting down the mining, 0:09:14.400 --> 0:09:17.000 and the Louisiana plant, now open for a year, has 0:09:17.080 --> 0:09:19.760 yet to make its first commercial sale, and the company's 0:09:19.760 --> 0:09:22.600 stock is plunged by around ninety percent since the start 0:09:22.640 --> 0:09:23.600 of twenty twenty three. 0:09:23.800 --> 0:09:27.960 Wow, that's really interesting and once again the difficulties of 0:09:28.000 --> 0:09:32.839 a an authoritarian country where one guy can make decisions 0:09:32.840 --> 0:09:33.720 in a democracy. 0:09:35.400 --> 0:09:38.800 That's tough. Yeah, and as always, there's a lot more 0:09:38.800 --> 0:09:42.400 detail and nuance to it, but we'll leave it here. 0:09:42.600 --> 0:09:44.679 I love, love, love, love love the free market in 0:09:44.720 --> 0:09:48.280 so many ways. It's lifted billions of people out of poverty, 0:09:48.520 --> 0:09:52.280 on lace new medicines across the globe. It has profit 0:09:52.520 --> 0:09:56.439 is the reason for charity. It's the reason charity exists. 0:09:56.760 --> 0:09:59.000 You have to have more than you need to feed 0:09:59.040 --> 0:10:05.080 yourself to to give to charity. Anyway, as we retrench 0:10:05.160 --> 0:10:09.240 from the dream of globalization, though, there are going to 0:10:09.280 --> 0:10:11.320 be some rainings in of the free market, and it's 0:10:11.360 --> 0:10:13.000 going to be stops and starts. It's going to be 0:10:13.000 --> 0:10:15.840 really difficult anyway not to get hung up on that, 0:10:15.920 --> 0:10:17.319 because you could talk about it for a year and 0:10:17.360 --> 0:10:19.760 a half and write five thousand page books on it 0:10:19.800 --> 0:10:22.640 and not cover it. I thought this was interesting, how 0:10:22.679 --> 0:10:25.560 markets really are. Jack the rise and fall of the 0:10:25.679 --> 0:10:30.439 Napa Valley of Cannabis. When Colorado became one of the 0:10:30.440 --> 0:10:34.599 first states to legalize a recreational marriage. You wanna and 0:10:34.640 --> 0:10:38.160 an enthusiastic county commissioner in Pueblo said he wanted Pueblo 0:10:38.240 --> 0:10:42.480 to become the Napa Valley of cannabis. And they talk 0:10:42.520 --> 0:10:44.680 a little bit in the Wall Street Journal about the situation. 0:10:44.760 --> 0:10:47.600 Big slaughterhouse had closed years earlier, steel mill had been 0:10:47.600 --> 0:10:51.360 shedding workers. They're really hurting for jobs and tax revenue, 0:10:51.360 --> 0:10:55.240 and a cannabis boom would do that for them. The 0:10:55.240 --> 0:10:58.240 streets were going to be paved with gold, recalled one resident. 0:10:58.280 --> 0:11:00.240 The elementary schools were going to be the great just 0:11:00.360 --> 0:11:04.480 in the country. Then they talk about, you know, the 0:11:04.679 --> 0:11:09.000 classic meme, how it started, how it's going. In the 0:11:09.120 --> 0:11:12.720 first weeks, the only two shops then licensed in the county, 0:11:12.800 --> 0:11:15.960 round rang Up combined one million dollars in sales the 0:11:16.000 --> 0:11:19.840 first month, Wow, sending fifty six thousand dollars in taxes 0:11:19.840 --> 0:11:24.400 to the county Colorado. Everybody was just thrilled and happy. 0:11:24.400 --> 0:11:29.080 Decade and high. Decade later, Pueblo's dreams have gone up 0:11:29.120 --> 0:11:32.400 in smoke. A once thriving industry of retailers, growers, and 0:11:32.480 --> 0:11:36.120 cannabis oil extractors. There were more than two hundred of 0:11:36.120 --> 0:11:39.880 these businesses in twenty seventeen in that county, more than 0:11:39.960 --> 0:11:44.280 two hundred. It's collapsed only forty five remain. State records 0:11:44.320 --> 0:11:47.720 indicate county tax revenue plunged from more than seven point 0:11:47.720 --> 0:11:50.320 one million dollars to four point eight million twenty twenty three, 0:11:50.440 --> 0:11:52.640 which is still a pretty significant amount of money. And 0:11:52.679 --> 0:11:54.560 you could argue that they're just thinning the herd and 0:11:54.559 --> 0:11:57.800 the stronger surviving the way it goes in capitalism. But 0:11:57.880 --> 0:12:00.440 here's the problem. In California knows this too. It's been 0:12:00.440 --> 0:12:04.240 a huge problem because the rosy rosy promise is made 0:12:04.520 --> 0:12:08.880 to Californians in Colorado and is alike. Even after legalization, 0:12:08.960 --> 0:12:12.640 illicit growers and sellers thrived, even right in Pueblo. Last year, 0:12:12.640 --> 0:12:16.920 they accounted for seventy percent of the US market, according 0:12:16.960 --> 0:12:20.480 to research companies. The black market dealers, unlike licensed ones, 0:12:20.520 --> 0:12:24.360 face neither Texas nor red tape, so they're more efficient 0:12:24.559 --> 0:12:30.240 and they're cheaper, and it's bad for your brain. That's interesting, man. 0:12:30.240 --> 0:12:35.000 If you're counting on enough people smoking enough pot to 0:12:35.040 --> 0:12:37.200 you know, make your schools great and everything like that, 0:12:37.200 --> 0:12:40.760 that's just that's an interesting thing. It is, and it's 0:12:40.840 --> 0:12:45.960 probably not a sustainable way to run a society. Nationwide, 0:12:45.960 --> 0:12:49.240 only twenty seven percent of legal cannabis businesses are profitable, 0:12:49.600 --> 0:12:52.480 which is down two percent just three years ago. Did 0:12:52.480 --> 0:12:56.400 not know that. Yeah, investment is dried up, restructurings are rising, 0:12:56.480 --> 0:13:00.520 and in Pueblo, sentiment about legal pot is swung the 0:13:00.559 --> 0:13:03.280 other way, fueling a backlash against the county's embrace of 0:13:03.320 --> 0:13:09.400 the industry. And again, it's kind of complicated and a 0:13:09.400 --> 0:13:11.800 lot of nuance to it, but it's just it's not 0:13:11.880 --> 0:13:14.800 nearly the dream it was sold to be. So ill 0:13:15.160 --> 0:13:17.120 I'm sorry. And the one the one aspect you should 0:13:17.200 --> 0:13:20.480 understand it's kind of intuitive is that if it's legal, 0:13:22.480 --> 0:13:27.760 enforcing laws against the illegal stuff becomes so complicated because 0:13:27.880 --> 0:13:30.320 you know, half of it sixty percent of it, depending 0:13:30.360 --> 0:13:32.680 on where you are, is legal. And so what are 0:13:32.679 --> 0:13:34.280 the coups supposed to do if they see a bunch 0:13:34.280 --> 0:13:35.280 of guys smoking pot? 0:13:35.480 --> 0:13:35.560 Right? 0:13:36.840 --> 0:13:37.319 Arm Strong? 0:13:40.080 --> 0:13:43.000 Why listen to arms Strong and Geddy on demand? 0:13:43.640 --> 0:13:45.640 We're not boring. A lot of news is boring and 0:13:45.800 --> 0:13:48.880 tedious and depressing. It makes you angry. You don't want 0:13:48.880 --> 0:13:51.640 to live your life like that. Hey, I'm Jack Armstrong, 0:13:51.679 --> 0:13:53.840 he's Joe Getty. We're Armstrong in Getty. We try to 0:13:53.840 --> 0:13:56.559 bring you the truth and help you figure out this crazy. 0:13:56.200 --> 0:14:01.080 Modern world about something about a comedic tone. 0:14:01.760 --> 0:14:04.920 We have a one er. Yes, listen to Armstrong You 0:14:04.920 --> 0:14:08.160 Getty on demand on the iHeartRadio app, Apple podcasts, or 0:14:08.200 --> 0:14:20.320 wherever you get your podcasts. 0:14:20.360 --> 0:14:22.160 The Armstrong and Getty Show. 0:14:23.880 --> 0:14:27.760 We had a conversation last week that I was very 0:14:27.840 --> 0:14:31.880 uncomfortable with, and I felt very guilty about it because 0:14:31.920 --> 0:14:36.480 I concealed a truth during the conversation, confession being good 0:14:36.520 --> 0:14:39.280 for the soul. I am here to confess it. But 0:14:39.440 --> 0:14:42.760 like all good confessions, they work best in a multiple 0:14:42.880 --> 0:14:47.680 choice format. And so I'm going to give you multiple choices, 0:14:47.720 --> 0:14:50.920 but to up the ante, each of the choices will 0:14:50.920 --> 0:14:54.760 get successively more evil. Oh boy, and you have to 0:14:54.840 --> 0:14:58.400 choose which one I am actually guilty of. I'm so 0:14:58.560 --> 0:15:02.720 uncomfortable right now. A I, Joe Getty have a second 0:15:02.760 --> 0:15:06.160 wife across town, with whom I have two children. She 0:15:06.320 --> 0:15:08.200 is in a legal alien and I keep her in 0:15:08.240 --> 0:15:11.920 line by threatening her with deportation. Well, what's what's okay? 0:15:11.960 --> 0:15:14.480 What's striking about this is you clearly didn't do that, 0:15:14.600 --> 0:15:16.920 but you're going up the landing at worse. 0:15:17.040 --> 0:15:20.960 They're going to get worse. Yes, yes, okay, anybody want 0:15:20.960 --> 0:15:22.280 to go for a or you want to go on, 0:15:22.360 --> 0:15:24.600 you want to roll the dice anybody, Michael, Clearly that's 0:15:24.640 --> 0:15:28.000 not true. Okay, all right, b I am now and 0:15:28.120 --> 0:15:30.440 have been for thirty years an active member of the 0:15:30.440 --> 0:15:33.160 American Communist Party, and have been working to subvert the 0:15:33.200 --> 0:15:36.360 Constitution with every ounce of my energy up to and 0:15:36.400 --> 0:15:38.800 including acts of violence and sabotage. 0:15:39.440 --> 0:15:41.320 So I think I think you've laid a really good 0:15:41.360 --> 0:15:45.360 premise here because you've given two very bad choices obviously 0:15:45.480 --> 0:15:46.080 not true. 0:15:46.240 --> 0:15:51.040 Whatever something? What are hell did you do that? Right? 0:15:52.320 --> 0:15:54.400 Am I going to want to associate with you after this? 0:15:55.240 --> 0:15:59.280 I don't know, Comrade. Perhaps again from a conversation last 0:15:59.320 --> 0:16:03.400 week in which I can seal the truth or possibility, say, 0:16:04.840 --> 0:16:11.120 I had never seen Gladiator until this weekend. Oh wow, WHOA, 0:16:11.880 --> 0:16:15.920 you saw the movie Gladiator? My secret shame? Gladiator one? 0:16:16.320 --> 0:16:20.360 You were noted along with every conversation? Are you not entertained? 0:16:20.440 --> 0:16:24.680 Ha ha ha? I assume grow. I assume you went 0:16:24.680 --> 0:16:26.480 along with the factors because I watched it with my 0:16:26.640 --> 0:16:29.200 son Henry a couple of weeks back before we went 0:16:29.240 --> 0:16:31.400 to Gladiator two. He loved it and it reminded me 0:16:31.440 --> 0:16:33.200 how much great it was. But I said it might 0:16:33.200 --> 0:16:35.800 be in my top three movies of all time, and 0:16:35.880 --> 0:16:38.040 I did not at that moment reveal you know, I've 0:16:38.040 --> 0:16:41.560 never seen that Moe. Wow, that was good because I 0:16:41.640 --> 0:16:43.960 knew the derision that would rain down upon Were you 0:16:44.400 --> 0:16:45.800 probably okay twenty years ago? 0:16:46.040 --> 0:16:47.640 Yeah, you were in the middle of raising kids. So no, 0:16:47.720 --> 0:16:49.160 of course you didn't see that movie because I am 0:16:49.160 --> 0:16:51.440 a house full of babies, including a one year old. Yeah, 0:16:51.440 --> 0:16:55.440 I didn't see anything between I don't know whatever years 0:16:55.680 --> 0:16:57.840 twenty ten and like a year ago. 0:16:58.680 --> 0:17:01.680 I am impressed, Joe, because you carried on a full 0:17:01.680 --> 0:17:05.000 blown conversation about that movie as if you it was 0:17:05.040 --> 0:17:05.760 one of your favorites. 0:17:06.840 --> 0:17:08.760 Well, you know, I read a lot, so I pick 0:17:08.840 --> 0:17:11.120 up clues from the you know, contexts and stuff like that. 0:17:11.160 --> 0:17:13.399 But you know, Jack, you make a good point. I 0:17:13.440 --> 0:17:16.600 remember roughly when the movie came out. Hey, dude, you 0:17:16.600 --> 0:17:18.720 got to see this is great. It's an unbelievable movie, 0:17:18.760 --> 0:17:20.600 great guy and villain. It's like two and a half 0:17:20.680 --> 0:17:26.159 hours long, and I'm my responss chance or if I'm 0:17:26.280 --> 0:17:28.720 gonna have a couple two three hours, I'm gonna spend 0:17:28.720 --> 0:17:31.760 it silently staring at a screen when you could hang 0:17:31.800 --> 0:17:33.800 out with your wife or doing something. I mean, yeah, 0:17:34.000 --> 0:17:36.200 not gonna happen. It was fun. Nobody could do what 0:17:36.280 --> 0:17:38.720 Russell Crow did. I don't know what magic he had there, 0:17:38.720 --> 0:17:44.520 but can you tell me you like Gladiator movies, Armstrong. 0:17:44.160 --> 0:18:02.119 And the Armstrong and Getty Show. 0:18:14.160 --> 0:18:16.639 Wall Street suffering it's worst day of the year, the 0:18:16.720 --> 0:18:20.479 Dow closing nearly nine hundred points down after the President 0:18:20.600 --> 0:18:23.159 refused to rule out that the US could be heading 0:18:23.240 --> 0:18:24.200 into a recession. 0:18:24.640 --> 0:18:29.040 Uh yeah, a lot of negative headlines about Wall Street yesterday. 0:18:29.080 --> 0:18:34.680 I'm always interested in that. In that a lot, a lot, 0:18:34.840 --> 0:18:38.000 a lot of Americans aren't in the stock market, and 0:18:38.440 --> 0:18:41.880 it's I'd like to know what percentage of the audience 0:18:41.920 --> 0:18:44.960 that watches mainstream evening news is in the stock market, 0:18:45.320 --> 0:18:45.880 other than. 0:18:45.840 --> 0:18:49.200 Are you including four one ks in that m Maybe 0:18:49.240 --> 0:18:49.600 maybe not. 0:18:49.720 --> 0:18:53.399 I don't know investments, but certainly the average person watching 0:18:53.400 --> 0:18:55.560 the evening news is not into the daily ups and 0:18:55.600 --> 0:18:56.040 downs of. 0:18:56.040 --> 0:18:59.480 The stock market. True, they're in the long you know, 0:18:59.680 --> 0:19:00.840 the law game. 0:19:01.119 --> 0:19:09.520 And and very little context ever around any of this 0:19:09.560 --> 0:19:12.680 stuff anytime. And I'm not just like now just always 0:19:12.680 --> 0:19:18.720 there's almost no context. Biggest point drop whatever. Sometimes they 0:19:18.840 --> 0:19:22.680 use points because it's more dramatic. Sometimes the percentage whatever, 0:19:22.680 --> 0:19:24.360 and they go back and forth, and it's all very 0:19:25.760 --> 0:19:28.639 it's it's designed to make it sound as great or 0:19:28.640 --> 0:19:31.080 as awful as possible, to make it more exciting. But anyway, 0:19:31.280 --> 0:19:34.000 New York christ and known this has been a big 0:19:34.119 --> 0:19:36.600 down for the last week and a half or whatever 0:19:36.800 --> 0:19:38.880 since the Tarif announcement. No doubt about that. New York 0:19:38.920 --> 0:19:43.080 Post headline today, Buckle up NASGA. Dax suffers biggest loss 0:19:43.119 --> 0:19:46.240 in three years. Dow falls eight ninety after Trump recession 0:19:46.320 --> 0:19:50.160 dodge after Trump didn't absolutely just flat out say. 0:19:50.000 --> 0:19:51.200 No to the recession question. 0:19:51.320 --> 0:19:55.399 It's amazing how much news that made that one answer. 0:19:55.440 --> 0:19:57.919 And he knew that, Like I said yesterday, he's aware 0:19:57.960 --> 0:20:01.440 of that. He he double down on air Force one. 0:20:01.520 --> 0:20:05.719 Essentially, the significance of it is he didn't say we 0:20:05.760 --> 0:20:08.720 will do everything we need to to avoid a recession. 0:20:08.760 --> 0:20:11.560 That's why that's significant, right, which gets to what we 0:20:11.560 --> 0:20:13.479 were saying last hour. I wish he would give some 0:20:13.520 --> 0:20:16.080 sort of speech where he explains what his long game 0:20:16.160 --> 0:20:18.439 in is and why I think he can get more 0:20:18.480 --> 0:20:20.080 people on board or calmed down. 0:20:20.840 --> 0:20:24.239 I think that is so obviously a great idea. It 0:20:24.320 --> 0:20:28.560 is shocking to me. It hasn't happened yet. Drudge hates Trump, 0:20:28.680 --> 0:20:33.400 but his headlines economy cracks, stocks lose four trillion dollars. Oh, 0:20:33.440 --> 0:20:35.320 that's one of the things about the news reporting. 0:20:35.359 --> 0:20:38.520 I feel like it's for people who don't understand that 0:20:38.520 --> 0:20:41.880 that money didn't actually disappear never to come back. It's 0:20:42.200 --> 0:20:44.840 the stock is down and yet adds up to four trillion. 0:20:44.880 --> 0:20:48.119 But unless you sold yesterday, you didn't actually lose the money, 0:20:48.160 --> 0:20:49.879 and it could be back up in two weeks and 0:20:50.000 --> 0:20:50.719 nothing happened. 0:20:50.760 --> 0:20:53.399 I mean, well, and you quote unquote lost the money 0:20:53.400 --> 0:20:55.720 from if you would have sold it three weeks ago. 0:20:55.840 --> 0:20:58.680 So it's all imaginary. It's not even on paper, it's 0:20:58.800 --> 0:20:59.320 in the ether. 0:21:00.240 --> 0:21:02.800 So getting to Mark Alprin's newsletter today, who I think 0:21:02.840 --> 0:21:04.520 he is a fair arbiter of these sorts of things, 0:21:04.520 --> 0:21:08.239 and he gets a lot of He has a lot 0:21:08.280 --> 0:21:12.879 of connections in left and right, Republican and Democrat. He 0:21:12.920 --> 0:21:17.000 wrote this Monday, when job boning by all Trump economic 0:21:17.080 --> 0:21:20.520 advisors could not stop a market selloff or deter business leaders, 0:21:20.560 --> 0:21:25.320 economic analysts, analysts, Paul's and Trump supporters from calling, texting, 0:21:25.359 --> 0:21:28.280 and emailing me to say the sky is falling, and 0:21:28.320 --> 0:21:32.080 it is in their collective view explicitly and unambiguously Trump's fault. 0:21:32.720 --> 0:21:35.919 In my career, I don't recall anything quite like Munday 0:21:36.040 --> 0:21:39.280 as Whoosh, Team Trump lost the confidence of a bunch 0:21:39.320 --> 0:21:42.480 of key actors in one fell swoop. I thought that 0:21:42.560 --> 0:21:44.840 was interesting that behind the scenes a lot of people 0:21:44.840 --> 0:21:48.399 that normally really really big on Trump recalling Mark Auperton 0:21:48.400 --> 0:21:49.800 and saying, what the hell is he doing? 0:21:50.680 --> 0:21:56.120 The business world, the American business world, was absolutely confident 0:21:56.200 --> 0:21:59.960 that Trump would slash regulations and make permanent tax cuts 0:22:00.320 --> 0:22:03.800 and that would be his main thrust. This whole call 0:22:03.840 --> 0:22:08.560 it protectionism, you know, seeking a new global norm for trade, 0:22:08.560 --> 0:22:11.200 whatever you want to call it, is surprising to them 0:22:11.240 --> 0:22:13.320 and it's led to a great deal of uncertainty. Business 0:22:13.359 --> 0:22:17.439 hates uncertainty, right. And then got to get to what 0:22:17.480 --> 0:22:19.800 I was talking about yesterday, which I fully fully believe. 0:22:20.280 --> 0:22:23.879 I mean, don't feel like the Wall Street journal crowd 0:22:23.920 --> 0:22:26.520 has your best interest in mind. They have the best 0:22:26.520 --> 0:22:29.440 interest of like what's gonna make the Dow close higher 0:22:29.480 --> 0:22:31.960 today for a lot of the crowd who actually does 0:22:32.040 --> 0:22:35.199 day trade or certainly this quarter, not what's best for 0:22:35.280 --> 0:22:38.720 America long term, and you know, fortunately or unfortunately, I guess, 0:22:39.040 --> 0:22:41.560 and Ryan would say, that's the way it's supposed to work. 0:22:41.600 --> 0:22:43.520 You know, they're looking out for themselves. That's what drives 0:22:43.560 --> 0:22:46.560 the whole thing. But yeah, I would. 0:22:46.400 --> 0:22:49.240 Say, as a guy who reads practically cover to cover 0:22:49.320 --> 0:22:52.800 the journal every single day, they have a wide range 0:22:53.080 --> 0:22:57.960 of opinions and writers there. Not all of them are 0:22:58.119 --> 0:22:59.639 merely chasing quarterly profits. 0:22:59.680 --> 0:23:04.960 But I wanted to get to this and I didn't 0:23:04.960 --> 0:23:07.120 know this. So Mark Alpernan has a bunch of links 0:23:07.160 --> 0:23:10.000 to a whole bunch of different newspaper articles talking about 0:23:10.040 --> 0:23:13.800 the how much damage has been done, whether it's temporary, 0:23:13.800 --> 0:23:15.240 long term, blah blah blah. 0:23:15.280 --> 0:23:16.160 Than this team. 0:23:16.200 --> 0:23:17.919