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Speaker 1: Ahead on American Sunrise early edition. The pro illegal alien

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Speaker 1: insurrectionist movement is massing in Charlotte, North Carolina, making that

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Speaker 1: city the new focal point of the new American Civil War.

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Speaker 1: Charlotte has also become the focal point of Democrat and

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Speaker 1: mainstream media deception campaigns. Today is the day the House

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Speaker 1: will vote to release all the Jeffrey Epstein files, something

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Speaker 1: the Democrats enjoyed threatening to do, but will likely regret

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Speaker 1: it when it actually happens. A federal magistrate judge issues

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Speaker 1: a blistering critique of the prosecution in the James Comy

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Speaker 1: grand jury investigation, but will it be enough to dismiss

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Speaker 1: the case. Cleaning out the clutter and the pantry. Now

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Speaker 1: that Snap food stamp benefit money is restored, Agriculture Secretary

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Speaker 1: of Brooke Rollins is forcing all recipients to reapply for

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Speaker 1: the aid in hopes of clearing out a lot of fraudsters.

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Speaker 1: Get ready for the media sob stories about that, and

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Speaker 1: several members of the La Lakers have reportedly turned their

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Speaker 1: cell phones over to investigators, as the Lakers and some

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Speaker 1: other teams are now implicated in that widening NBA bet

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Speaker 1: rigging scandal. Oh This is going to get a lot worse.

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Speaker 1: Even as the mainstream and sports media continues to try

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Speaker 1: to suppress the entire story, They're not going to get

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Speaker 1: it there here. American Sunrise Early Edition starts now.

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Speaker 2: Welcome to American Sunrise Early Edition, the show where faith, freedom,

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Speaker 2: and the values that built this nation takes centers to.

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Speaker 1: Your good, thieves and bad deeds. That's how we're gonna

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Speaker 1: judge you.

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Speaker 2: Join host Jake Novak because he breaks down the stories

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Speaker 2: that matter.

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Speaker 1: He will be letting the public know regularly what we

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Speaker 1: have found.

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Speaker 2: American Sunrise Early Edition with your host Jake Novak starts now.

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Speaker 1: Look home, everyone, It's a busy Tuesday here in American

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Speaker 1: Sunrise Early Edition. I'm Jake Novak. Thanks for joining us.

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Speaker 1: A lot of breaking news over the last twelve to

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Speaker 1: eighteen hours, but I want everyone to focus now on

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Speaker 1: what I think is going to be, sadly, the biggest

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Speaker 1: flashpoint that we've had in this entire battle, first from

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Speaker 1: the Trump administration to clear out dangerous illegal immigrants and

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Speaker 1: other types of illegal immigrants from this country and the

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Speaker 1: now coordinated violent and also political effort against it. Because

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Speaker 1: that flashpoint now is in Charlotte, North Carolina. Actually the

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Speaker 1: whole state getting into the act. I know we've had

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Speaker 1: incidents in Portland. We've certainly had incidents in Chicago where

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Speaker 1: there as well the local Democrat politicians were joining with

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Speaker 1: violent groups to put our ICE agents in danger. But

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Speaker 1: North Carolina seems to be massing as an entire state

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Speaker 1: one way or the other, and our ICE agents are

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Speaker 1: in danger, and really our country is in danger. And

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Speaker 1: I want everyone to pay attention to North Carolina right

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Speaker 1: now because because this is brewing to be really the

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Speaker 1: big story that we're having to deal with joining us

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Speaker 1: now is North Carolina. Republican Executive Committee member Margaret Akis

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Speaker 1: and Margaret Margot, your state is now ground zero in

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Speaker 1: this fight to deport illegal aliens. We know that around

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Speaker 1: the Charlotte area, ICE has been massing and working, but

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Speaker 1: they've also been targeted. There is a big target on

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Speaker 1: their back. And what are you seeing. I know you're

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Speaker 1: in western North Carolina, But the whole state is getting

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Speaker 1: into this act, isn't it.

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Speaker 3: Well this has been a long time coming, Jake. Honestly,

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Speaker 3: you know, Charlotte is the largest city in North Carolina,

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Speaker 3: is the biggest trafficking human trafficking point between Atlanta coming

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Speaker 3: from Texas up. So this is we're excited that this

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Speaker 3: is finally here, and it's exposing people, especially the Sheriff's Department,

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Speaker 3: the governor, and the Attorney General, because they're not doing

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Speaker 3: what they need to do to protect North Carolinians, which

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Speaker 3: these people are not.

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Speaker 1: Yeah, I'm going to take the ball that you guys

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Speaker 1: get me and run with it with the Governor of

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Speaker 1: North Carolina, Josh Stein, because he is a major bomb

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Speaker 1: thrower in all of this. He put out a video

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Speaker 1: and I want everyone to understand just preliminary disclaimer. Almost

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Speaker 1: everything he's going to say right now is not only

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Speaker 1: an unproven accusation, but major gasoline on the fire. This

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Speaker 1: is going to get hopefully not, but it really feels

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Speaker 1: like this could get Ice agents killed. Listen to the

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Speaker 1: governor of the state of North Carolina. This is incredible.

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Speaker 1: Listen to this.

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Speaker 4: We've seen masked heavily armed agents and paramilitary garb driving

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Speaker 4: unmarked cars, targeting American citizens based on their skin color,

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Speaker 4: racially profiling and picking up random people and parking lots

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Speaker 4: and off of our sidewalks, going after landscaper simply decorating

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Speaker 4: a Christmas tree in someone's front yard and entering churches

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Speaker 4: and stores to grab people. This is not making us safer.

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Speaker 4: It's stoking fear and dividing our community.

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Speaker 1: I mean, that is outrageous. Ice agents killed. Go ahead,

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Speaker 1: Margot Well.

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Speaker 3: I'm not surprised at him at all. First of all,

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Speaker 3: that's Josh Stein. He's our former attorney general who's none

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Speaker 3: to be very radical. He and Roy Cooper, who's running

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Speaker 3: for a Senate right now. When Roy Cooper was governor,

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Speaker 3: they created this equality and justice.

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Speaker 1: Thing that really caused this.

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Speaker 3: It was the impetus for this. Neither him nor Roy

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Speaker 3: Cooper have done anything about the sanctuary cities in North

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Speaker 3: Carolina to include Charlotte as the largest one, Greensboro, Raleigh,

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Speaker 3: which we've heard today Ice will be in Raleigh, which

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Speaker 3: we're very thankful for, all the way down to New

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Speaker 3: Hanover County where Wilmington is.

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Speaker 1: So this is not new.

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Speaker 3: To us in North Carolina, and it's the rhetoric from

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Speaker 3: the left is not new either.

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Speaker 1: Again, I just want to dissect a little bit more

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Speaker 1: of what the governor just said. Going after people simply

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Speaker 1: decorating Christmas tree, that's why they arrested them because they

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Speaker 1: were decorating a Christmas tree. No, it's because there were

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Speaker 1: warrants out on them. There was information about them being

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Speaker 1: illegal aliens. These people, and so many times, you know, Margo,

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Speaker 1: it's been like clockwork. Every time some member of the

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Speaker 1: left or a Democrat politician has cried about a particular

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Speaker 1: person being arrested or deported, it turns out they have

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Speaker 1: a ridiculous rap sheet of terrible, terrible crimes, including a

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Speaker 1: lawyer for one of them last week who was crying

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Speaker 1: about someone and it turned out they had really vicious

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Speaker 1: crimes on their rap sheet. What a disingenuous statement. And

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Speaker 1: let's just make it clear, Democrat or Republican, usually what

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Speaker 1: you want when you're the elected leader of a state

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Speaker 1: is peace and quiet. You don't want to rile up

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Speaker 1: the people and to get them all involved there. And

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Speaker 1: I want to say one last thing about this. Despite

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Speaker 1: all this hyperbole, again aided by the mainstream news, meaning

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Speaker 1: despite all the hyperbole, the polls, Margo, are not moving

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Speaker 1: on this issue. If anything more, Americans now support the

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Speaker 1: deportation of all illegal aliens full stop, no matter what

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Speaker 1: rap sheet they might have. In addition to being an

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Speaker 1: illegal alien, more of them are actually supporting this then before.

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Speaker 1: So when josh Stein and other people may videos like this,

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Speaker 1: who are they talking to? Not the voters, because they

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Speaker 1: know they haven't convinced the voters. They're talking to people

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Speaker 1: like this. I want to show you this video. I'm

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Speaker 1: going to show you a video now of people going

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Speaker 1: out into the woods and hunting the ICE agents they're

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Speaker 1: trying to This is totally the opposite of what the

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Speaker 1: governor's talking about. He's trying to make it sound like

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Speaker 1: Ice agents are hunting innocent, nice people. Here are these

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Speaker 1: people mentally ill, clearly activists going after Ice agents in

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Speaker 1: the woods. This isn't into like a school or a

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Speaker 1: hospital and playing some kind of music on their iPhones

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Speaker 1: to sort of annoy them and scare them. This is

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Speaker 1: what Governor josh Stein wants. He wants an insurrection. Everything

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Speaker 1: they blame the Republicans for four years ago. This is it.

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Speaker 1: I mean, have you seen stuff like this in your

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Speaker 1: part of the state at Marco.

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Speaker 3: I haven't seen it here, but I have heard quite

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Speaker 3: a bit about it in Charlotte and around Raleigh. We

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Speaker 3: do know that there's going to be massive protests. That's

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Speaker 3: exactly what Josh Stein and his hull side want they

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Speaker 3: want to show this. They want to make it seem

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Speaker 3: as if people are against this, which is not true,

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Speaker 3: especially not in North Carolina. We want safety, we want

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Speaker 3: our state back, and we want to stop spending money

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Speaker 3: on illegals in our schools. Yesterday, twenty one thousand children

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Speaker 3: in Charlotte schools did not go to school.

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Speaker 1: What does that tell you?

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Speaker 3: Tells you we're spending a lot of money on kids

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Speaker 3: that may not belong here.

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Speaker 1: That is I know. Stephen Miller, the President's you know,

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Speaker 1: one of his top advisors, made that point. They were

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Speaker 1: trying to dunk on the Trump administration and tunk on

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Speaker 1: this dunk on this old deportation thing by saying, oh,

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Speaker 1: my goodness, all these kids aren't going to school. But

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Speaker 1: again at backfired. It got people like you and me

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Speaker 1: to say, wait a minute. You have tens of thousands

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Speaker 1: of illegal immigrant children who are so connected to people

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Speaker 1: who are clearly on the deportation list that they're not

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Speaker 1: going to school that they have to go into hiding.

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Speaker 1: Those people are not victimized by ice. They're not being

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Speaker 1: victimized by the Trump administration. They're being victimized by their

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Speaker 1: parents and know who, God knows who else brought them

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Speaker 1: to this country and put them in this kind of

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Speaker 1: a situation. Uh, this is incredible, the amount of money,

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Speaker 1: the amount of space that's being taken up. And Margot

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Speaker 1: I talked about this yesterday. People keep talking about compassion, compassion,

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Speaker 1: compassion if you only have compassion for the illegal aliens

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Speaker 1: and not the schools, the city streets, the public transportation

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Speaker 1: area that are that they're that they're making a huge

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Speaker 1: impact on those poor people, really poor people who are

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Speaker 1: sending their kids to a lot of these schools. That

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Speaker 1: it's not compassion, it's favoritism. And North Carolina is becoming

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Speaker 1: such a flashpoint for this. Margot, Why why do you

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Speaker 1: think they're targeting North Carolina so much? There's other reddish

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Speaker 1: states out there. Why not someplace else?

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Speaker 3: No, because North Carolina is the ninth largest state when

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Speaker 3: it comes to economy, it's the pathway to the White House.

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Speaker 3: We know illegals are voting here illegally. We know that

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Speaker 3: the DMV, who has got a bunch of leftists in it,

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Speaker 3: are taking in illegals and putting on their applications for

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Speaker 3: a driver's license that they're an American citizen. We know

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Speaker 3: why they're they're here, and we're excited to have them.

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Speaker 3: And honestly, I just want to say this, Jake, the

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Speaker 3: people that are suffering the most are the taxpayers of

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Speaker 3: North Carolina who are footing the bill for all of

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Speaker 3: these people. So I don't feel much pity for them

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Speaker 3: when they're costing taxpayers in housing, in government subsidies, in schools.

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Speaker 3: Thirteen million dollars goes into school programs just in that

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Speaker 3: tri state, in that Tristity area to help these kids

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Speaker 3: who don't speak English.

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Speaker 1: You know, I think that this may have started in

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Speaker 1: North Carolina, oh maybe thirty years ago with the meatpacking

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Speaker 1: companies there, Smithfield Farms, things like that, where we know

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Speaker 1: they deliberately went after illegal aliens to work as a

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Speaker 1: brutal job. It's a brutal job. But also, you know,

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Speaker 1: one of the other things I'm considering and worrying about.

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Speaker 1: And I know you've got your finger on the pulse

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Speaker 1: of the trucking situation. I know you know a lot

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Speaker 1: of them. This is something that's become a real national story.

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Speaker 1: I talk about it yesterday with how even Great Britain,

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Speaker 1: which has allowed you know, crazy migrant situation in their country.

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Speaker 1: They actually haven't lowered their standards in their trucking test.

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Speaker 1: But I know that on the roads of North Carolina

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Speaker 1: there's been some serious issues with the illegal aliens with

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Speaker 1: licenses issued by other states. But you're saying that also

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Speaker 1: in North Carolina they're getting licenses. Is that true?

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Speaker 5: Oh?

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Speaker 1: Yeah.

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Speaker 3: Now I can't speak for the CDLs because I haven't

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Speaker 3: seen that, but I've seen regular driver's licenses where they've

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Speaker 3: gotten their citizenship listed as American when in fact they

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Speaker 3: are not. Four thousand of them we know for a

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Speaker 3: fact that happen. We know that there's an audit going

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Speaker 3: on right now because we have a new state auditor

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Speaker 3: who also happens to run the election board for North

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Speaker 3: Carolina from the state perspective, So now they're doing significant

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Speaker 3: audits to see where the overlap is and we know

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Speaker 3: it's out there.

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Speaker 1: All right. It's a tough situation in North Carolina. What's

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Speaker 1: next there? I mean, I know there's a ramping up

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Speaker 1: now for that Senate election next year because Tom Tillis,

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Speaker 1: who has been not the best help to the Republican

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Speaker 1: Party or to North Carolina, he's stepping down. What do

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Speaker 1: you see happening there, and who is there some particular

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Speaker 1: candidate who people are coalescing around right now to try

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Speaker 1: to change all the damage that Tillis did.

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Speaker 3: Well, I mean to be very frank with you, Roy

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Speaker 3: Cooper has never been beaten in a race. It is intimidating.

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Speaker 3: But we have two candidates on the Republican side, Don Brown,

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Speaker 3: who is the grassroots candidate, and Michael Wattley, who's the

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Speaker 3: former RNC and NCGP chair. And what's interesting is the

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Speaker 3: two of them are neck to neck and neck right now,

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Speaker 3: which tells me neither one of them is doing really well.

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Speaker 3: One of them is obviously augmenting, but the other one,

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Speaker 3: who's pretty well known, is not picking up the momentum

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Speaker 3: as we would have expected. So it's going to be

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Speaker 3: a dog fight here.

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Speaker 1: Yeah, this is a dangerous situation. Well, I just want

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Speaker 1: everyone to pay attention to North Carolina. It is becoming

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Speaker 1: the flashplant every bit as much as Portland and Chicago,

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Speaker 1: and the way that it's going statewide, I fear it

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Speaker 1: could be a full on battle. And I say that

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Speaker 1: I mean that word battle. I really am worried about

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Speaker 1: physical violence becoming statewide in North Carolina. But hopefully everyone

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Speaker 1: will remain safe, especially you, Margo margaret Akis. Thank you

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Speaker 1: so much for joining us. Stay safe the rest of

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Speaker 1: this week. Please have a great day, Jake Okay, coming up.

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Speaker 1: Once again, one company, just one drags the entire stock

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Speaker 1: market down, but that could all end tomorrow, I will explain,

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Speaker 1: and wiping the grocery card clean. The food stamp program

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Speaker 1: is fully funded again now that the Democrats have gained

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Speaker 1: to stop starving four Americans and reopen the government. But

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Speaker 1: now the Trump administration wants to use the pause as

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Speaker 1: an opportunity to get as many fraudsters off the dole.

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Speaker 1: That story and more An American Sunrise early edition continue alive.

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Speaker 1: Look at Wildwood, New Jersey. Boy, it has been windy

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Speaker 1: in the New Jersey, New York, Connecticut area the last

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Speaker 1: couple of days. Really windy yesterday the day before so

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Speaker 1: on Wildwood, which is a New Jersey shore town, must

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Speaker 1: have really have been windy yesterday. But a beautiful sunrise

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Speaker 1: this morning. Welcome back to everyone watching on the Getter Chats,

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Speaker 1: on the Rumble Chats and commenting. You can, by the way,

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Speaker 1: you can do that on X and substack as well.

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Speaker 1: Lots of places to watch and comment appreciated all of them,

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Speaker 1: so thank you for that. Hey, this is an interesting

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Speaker 1: story because we're kind of just getting it developing right

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Speaker 1: now and trying to get the full handle on it.

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Speaker 1: Agriculture Secretary Brook Rollins has an idea. Now that we

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Speaker 1: just got the government reopened and those snap food stamp

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Speaker 1: benefits are going out again and there was that pause,

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Speaker 1: Rollins wants the government to make everyone reapply who was

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Speaker 1: already on these foodstamp benefits to reapply now. The best

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Speaker 1: guess is this is being done to get out all

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Speaker 1: the fraudsters, people who may have been passed away for

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Speaker 1: a long time and someone else is getting their benefits.

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Speaker 1: Things like that. This kind of way of clearing out

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Speaker 1: the system. I'm gonna bring in Emily Finn right now. Emily,

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Speaker 1: you know what's going to happen here now and over

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Speaker 1: the next couple of days, We're going to see these

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Speaker 1: sov stories in the news media. The same news media

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Speaker 1: that ignored the fact that the Democrats were fine with

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Speaker 1: starving these people and shutting down their food stamps, and

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Speaker 1: that Chuck Schumer wanted to keep that shutdown going even

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Speaker 1: longer and keep them hungrier longer. The same people who

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Speaker 1: ignored that will be crying about how somebody has to

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Speaker 1: go on a computer or check a box to get benefits.

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Speaker 1: God forbid. We should ask people to prove that they're

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Speaker 1: real and should be getting these benefits.

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Speaker 5: Absolutely, they should have to verify that they are in

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Speaker 5: a situation where they need to receive this and aren't

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Speaker 5: taking abuse or of the system. And honestly, Jake, I

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Speaker 5: think that we need to be focused more on voter

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Speaker 5: fraud all throughout the US instead of Snap fraud. But

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Speaker 5: this is a good start we can start here. I

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Speaker 5: do think that the Democrats, I mean, the shutdown was

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Speaker 5: the longest in US history, and they do have a

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Speaker 5: ton of responsibility on their plate for letting this go

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Speaker 5: on for so long and all of the negative consequences

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Speaker 5: that the American people were unfortunately subjected to. And it

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Speaker 5: sounds like this is going to continue on. But the

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Speaker 5: good thing that comes out of this is again that

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Speaker 5: we're verifying that these people who are on SNAP benefits

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Speaker 5: actually do need them and kind of getting rid of waste,

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Speaker 5: fraud and abuse. This sounds like something that Doge would

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Speaker 5: be up to.

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Speaker 1: Jake, Yeah, there's been terrible abuse in this program. For

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Speaker 1: a long time. Smaller supermarket chains, convenience store owners for

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Speaker 1: years have found ways with scammers to completely scam the system.

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Speaker 1: Somebody comes in, by the way, you know, we don't

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Speaker 1: have the stamps anymore, which, by the way, I'm in

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Speaker 1: favor of, you shouldn't be embarrassed in the store. We

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Speaker 1: don't have to check out line and then pulling out

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Speaker 1: something that's obviously food stamps. I'm okay with the use

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Speaker 1: of the debit card to provide privacy and dignity for

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Speaker 1: people who are doing that, but we haven't completely figured

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Speaker 1: out a way to stop the fraud there. They didn't

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Speaker 1: figure out how to stop the fraud with the old

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Speaker 1: food stams that people used to sell them on the

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Speaker 1: street for fifty forty cents on the dollar. I know

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Speaker 1: that for a fact. I used to see that in

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Speaker 1: New York. But there's got to be a happy medium,

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Speaker 1: emily between embarrassing people and also and making sure that

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Speaker 1: people who deserve to be on these benefits are the

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Speaker 1: ones who are getting.

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Speaker 5: Them absolutely, you know, and even you see this. I

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Speaker 5: remember when I was in college, there were college kids

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Speaker 5: that were getting, you know, all of these extra money

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Speaker 5: from their parents, but they were applying for benefits like this,

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Speaker 5: and it was like, oh my gosh, come on, I

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Speaker 5: know those kind of fraud situations that's really hard to

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Speaker 5: root out. But again, I think it's good to reapply

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Speaker 5: and kind of have a new fresh start on the

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Speaker 5: process of snap benefits. And the one good thing, like

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Speaker 5: I said, from the government shutdown, is that these programs

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Speaker 5: need to be taken a closer look at.

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Speaker 1: Yeah, and maybe a better way to try to get

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Speaker 1: people and listen, I love how Bernie Sanders. We've always

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Speaker 1: talked about Europe and their welfare system. You know, in

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Speaker 1: countries like some of these Scandinavian countries, they have fixed

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Speaker 1: a lot of these problems. They have a ceiling and

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Speaker 1: a time limit on a lot of benefits, and sure enough,

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Speaker 1: right when the benefits run out, that's when people go

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Speaker 1: and get a job and get off the doll It's

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Speaker 1: pretty funny and well, your scam about the college students

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Speaker 1: reminds me of the Big Sea. I went to college

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Speaker 1: in Manhattan, and the big scam a lot of my

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Speaker 1: friends I didn't do this did was they would ask

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Speaker 1: their parents for money because it was too unsafe to

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Speaker 1: take the subway. They wanted extra money every month, and

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Speaker 1: then of course they took the subway and use the

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Speaker 1: money to go drink. Emily Finn, thank.

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Speaker 6: You sitting to your parents.

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Speaker 5: I think all college kids have done that at some point.

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Speaker 1: Yeah, it did something like that. My parents were on

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Speaker 1: to me. I was never able to pull that one

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Speaker 1: off anyway. Thanks for joining us. We'll see again in

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Speaker 1: the eight to ten am hour. Thank you.

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Speaker 5: Thanks Jake.

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Speaker 1: Hey, this is the one time of year that Birch

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Speaker 1: Gold Group gives away free gold with every qualifying purchase.

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Speaker 1: That's right for Black Friday. When you convert an existing

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Speaker 1: IRA or four to one k into attacks sheltered IRA

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Speaker 1: and gold, Birch Gold will send you free gold to

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Speaker 1: your home for every twenty thousand dollars purchase. Look Gold

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Speaker 1: started this year around twenty six hundred dollars an ounce.

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Speaker 1: By October it was over four thousand dollars an ounce

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Speaker 1: and just a moment, we'll check the gold price today. Now,

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Speaker 1: why is this happening Because global uncertainty is rising. Twenty

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Speaker 1: twenty five has been defined by trade wars. Central banks

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00:18:59,680 --> 00:19:02,840
Speaker 1: are pulled from the US dollar as the global reserve currency,

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00:19:03,200 --> 00:19:06,960
Speaker 1: and military tension continues to build. Gold thrives in times

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Speaker 1: of uncertainty, and if you're looking to diversify your savings,

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Speaker 1: Perch Gold can help you. Plus now through November thirtieth,

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Speaker 1: get free gold with every qualifying purchase. Just text America

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Speaker 1: to ninety eight ninety eight ninety eight to claim your

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Speaker 1: eligibility for a free infoKit on gold. But your opportunity

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Speaker 1: for free gold would purchase ends on November thirtieth, so

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Speaker 1: don't wait. Text America to the number nine eight nine

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Speaker 1: eight nine eight for full details coming up. There were

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Speaker 1: a lot of naysayers who said Apple would fall apart

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Speaker 1: after the death of Steve Jobs. Remember that, but love

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Speaker 1: him or hate him, Tim Cook has done very well

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Speaker 1: at that company as his successor. But now Cook could

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Speaker 1: be on the way out. Wall Street would like to

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Speaker 1: know what the deal is American Sunrise Early Edition. We'll

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Speaker 1: be right back. Well, it's the same Atlantic Ocean that

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Speaker 1: we were showing you before from Wildwood, New Jersey, but

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Speaker 1: this is Fort Lauderdale or I'm sure it's a lot

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Speaker 1: less windy and a lot nicer. Welcome back to American

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Speaker 1: Sunrise Early Edition on this Tuesday. I'm Jake Novac. Thank

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Speaker 1: you for watching and for commenting on all the platforms.

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Speaker 1: Let's take a look at where the markets are going

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Speaker 1: to open this morning, and it's bad. It's a more red,

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Speaker 1: it really is. And we're gonna talk about this in

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Speaker 1: just a second, a little bit more detail on what

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Speaker 1: we're dealing with here in the markets right now. But

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Speaker 1: down on the Dow Nasdaq has really given up a lot.

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Speaker 1: Gold is down to but it's still clearly over the

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Speaker 1: four thousand dollars mark. Crude oil though down at below

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Speaker 1: the sixty dollars a barrel level. Now, really brace yourself

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Speaker 1: as I'm about to show you the bitcoin number, because

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Speaker 1: bitcoin is all the way down to ninety one thousand.

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Speaker 1: This is a pretty you know, obviously a low for

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Speaker 1: the year, and it is well off that one twenty

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Speaker 1: five high. And one of the things that people are

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Speaker 1: talking about is how bitcoin over the last year or so,

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Speaker 1: maybe a couple of years, has started to mirror the

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Speaker 1: stock market. It used to be a hedge, used to

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Speaker 1: go maybe the other way from the way the stocks

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Speaker 1: were going, but now it's kind of going in the

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Speaker 1: same way, and that makes it a little bit of

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Speaker 1: a different kind of investment these days. But there you

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Speaker 1: see it once again, it's skittishness about that company and video,

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Speaker 1: which is a really important company, and I have nothing

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Speaker 1: against it as a company, but as someone who does

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Speaker 1: TV news, I hate doing stories about Nvidia because this

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Speaker 1: is what I have to show you a picture of

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Speaker 1: a chip. Sometimes I can show you the CEO. It's

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Speaker 1: just not yet there he is. It's just not the

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Speaker 1: greatest story. It's not the sexiest company to show on TV,

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Speaker 1: but not very visual. But remember this is a company

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Speaker 1: that makes the chips that power a lot of the

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Speaker 1: AI programs. And there's been skittishness the last couple of

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Speaker 1: weeks about whether people are putting too much money into Nvidia.

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Speaker 1: They're looking at and thinking maybe it's a bubble that

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Speaker 1: might all end tomorrow. For those of you who say, hey,

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Speaker 1: I'm going to sell now and get out, you may

435
00:21:57,240 --> 00:21:59,679
Speaker 1: want to wait until tomorrow because tomorrow is when Nvidio

436
00:21:59,760 --> 00:22:03,200
Speaker 1: is going to announce it's earnings, it's report card, it's profits,

437
00:22:03,240 --> 00:22:06,640
Speaker 1: and it's revenues for the June through September quarter. That's

438
00:22:06,640 --> 00:22:09,160
Speaker 1: when we're gonna find out tomorrow. And if Nvidia blows

439
00:22:09,200 --> 00:22:11,760
Speaker 1: those numbers away and really looks good as an investment,

440
00:22:11,960 --> 00:22:13,199
Speaker 1: there may be a lot of people who are going

441
00:22:13,240 --> 00:22:15,520
Speaker 1: to look and say, Wow, I'm gonna buy more shares

442
00:22:15,560 --> 00:22:18,040
Speaker 1: of this right now because it's on sale. It's gone

443
00:22:18,080 --> 00:22:20,320
Speaker 1: down the last couple of days. That could happen could

444
00:22:20,320 --> 00:22:23,800
Speaker 1: also disappoint the markets and go down even further. I'm

445
00:22:23,840 --> 00:22:25,760
Speaker 1: one of those guys who likes to keep his powder

446
00:22:25,840 --> 00:22:28,720
Speaker 1: dry before big time economic reports, even though I don't

447
00:22:28,720 --> 00:22:31,280
Speaker 1: trust them, and big time earnings reports, I trust them

448
00:22:31,440 --> 00:22:33,520
Speaker 1: only a little bit more. So that's something to look

449
00:22:33,560 --> 00:22:35,760
Speaker 1: for tomorrow or at the end of the day tomorrow,

450
00:22:35,800 --> 00:22:37,720
Speaker 1: and I'll let you know on Thursday how that went down.

451
00:22:37,960 --> 00:22:40,560
Speaker 1: All right, There are some published reports that say that

452
00:22:40,720 --> 00:22:44,600
Speaker 1: Apple is very, very vigorously looking now for the replacement

453
00:22:44,680 --> 00:22:47,399
Speaker 1: or the successor to CEO Tim Cook. Now, they're not

454
00:22:47,440 --> 00:22:50,600
Speaker 1: going to fire him, it's just about retirement. Tim Cook,

455
00:22:50,640 --> 00:22:53,000
Speaker 1: by the way, is sixty five years old. That's certainly

456
00:22:53,000 --> 00:22:55,800
Speaker 1: not ancient. There are plenty of CEOs going way past

457
00:22:55,840 --> 00:22:58,280
Speaker 1: the age of sixty five. But people don't think that

458
00:22:58,320 --> 00:22:59,719
Speaker 1: Tim Cook's going to be one of them, and then

459
00:22:59,720 --> 00:23:01,680
Speaker 1: he may stepped down as early as next year.

460
00:23:02,240 --> 00:23:02,400
Speaker 3: Now.

461
00:23:02,440 --> 00:23:05,080
Speaker 1: Apple shares fell two percent on that news yesterday. They

462
00:23:05,200 --> 00:23:07,840
Speaker 1: liked the job Cook did. Remember when Steve Jobs died,

463
00:23:07,840 --> 00:23:09,440
Speaker 1: there were a lot of people who said Apple will

464
00:23:09,440 --> 00:23:12,080
Speaker 1: never be the same app in a bad way. They

465
00:23:12,080 --> 00:23:15,840
Speaker 1: thought it would go down. It didn't. Again, Apple not

466
00:23:15,960 --> 00:23:19,680
Speaker 1: necessarily everyone's favorite company culturally and politically. I understand that,

467
00:23:20,040 --> 00:23:22,040
Speaker 1: but there's no denying that the company has remained very,

468
00:23:22,119 --> 00:23:24,720
Speaker 1: very strong. It has more friends now at the top level.

469
00:23:24,760 --> 00:23:28,040
Speaker 1: You might remember in that mid twenty ten period or

470
00:23:28,080 --> 00:23:32,720
Speaker 1: twenty ten until oh maybe twenty fifteen, Apple really dominated

471
00:23:32,720 --> 00:23:35,359
Speaker 1: the markets in the way that Nvidia is now. So

472
00:23:35,400 --> 00:23:37,400
Speaker 1: it's not doing that anymore. But it's still a very,

473
00:23:37,480 --> 00:23:40,600
Speaker 1: very powerful and profitable company. And Tim Cook has done

474
00:23:40,600 --> 00:23:42,639
Speaker 1: a good job from a shareholder's point of view, That's

475
00:23:42,640 --> 00:23:44,960
Speaker 1: what I'm talking about. So they're not happy about him

476
00:23:45,320 --> 00:23:48,360
Speaker 1: likely leaving. We'll see what happens now. It wasn't all

477
00:23:48,480 --> 00:23:50,639
Speaker 1: bad news in the tech sector yesterday. We had a

478
00:23:50,640 --> 00:23:53,560
Speaker 1: big sell off yesterday, as you know, and it's looking

479
00:23:53,600 --> 00:23:55,880
Speaker 1: like we're going to open lower on the tech side

480
00:23:55,920 --> 00:23:58,480
Speaker 1: again today. But there was something interesting that happened for

481
00:23:58,520 --> 00:24:02,119
Speaker 1: the tech sector. Warren buff fitz Berkshire Hathaway announced a

482
00:24:02,200 --> 00:24:04,960
Speaker 1: four billion dollar stake in Google parent Alphabet and of

483
00:24:04,960 --> 00:24:07,320
Speaker 1: course Alphabet is exactly a gross stock. It's one of

484
00:24:07,359 --> 00:24:10,199
Speaker 1: those dominant players in big tech. But the fact that

485
00:24:10,240 --> 00:24:13,280
Speaker 1: Berkshire Hathaway right now at the tail end of Warren

486
00:24:13,280 --> 00:24:15,600
Speaker 1: Buffett's tenure, as you know, he's going to be leaving

487
00:24:15,600 --> 00:24:18,679
Speaker 1: the company soon. He's in his nineties after all that

488
00:24:18,760 --> 00:24:21,639
Speaker 1: he has always held off for the most part on

489
00:24:21,800 --> 00:24:24,760
Speaker 1: big time tech investments. So while the rest of the

490
00:24:24,800 --> 00:24:28,600
Speaker 1: markets were going down yesterday a lot Apple Google parent

491
00:24:28,880 --> 00:24:33,000
Speaker 1: Alphabet went up because big tech is thinking Berkshire Hathaway

492
00:24:33,000 --> 00:24:35,320
Speaker 1: and as many billions of dollars now that Warren Buffett

493
00:24:35,320 --> 00:24:37,560
Speaker 1: is winding down and there will be a successor maybe

494
00:24:37,560 --> 00:24:40,040
Speaker 1: it will become more of a tech investor after all,

495
00:24:40,480 --> 00:24:42,160
Speaker 1: And there's a lot of big tech companies that would

496
00:24:42,560 --> 00:24:45,880
Speaker 1: love love to get some Berkshire Hathaway money into their

497
00:24:45,920 --> 00:24:48,679
Speaker 1: pockets like Alphabet did yesterday the Google parent. So that

498
00:24:48,760 --> 00:24:51,359
Speaker 1: was what was going on there. All right, ladies and gentlemen,

499
00:24:51,560 --> 00:25:05,479
Speaker 1: start your engines. This is Moving America sponsored by Artillery

500
00:25:05,560 --> 00:25:09,760
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501
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502
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503
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504
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505
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506
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507
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Speaker 1: ten percent off your order. Ford will now allow many

508
00:25:35,400 --> 00:25:38,760
Speaker 1: of its dealers to sell used Ford cars and trucks

509
00:25:39,200 --> 00:25:41,639
Speaker 1: on Amazon. Now, this is not new as far as

510
00:25:41,680 --> 00:25:43,880
Speaker 1: an idea. Remember I told you a few months ago

511
00:25:43,880 --> 00:25:46,359
Speaker 1: about how Hyundai has been doing the same thing on

512
00:25:46,400 --> 00:25:49,359
Speaker 1: Amazon for a while. And this, though, is a bigger deal.

513
00:25:49,400 --> 00:25:52,000
Speaker 1: This is Ford the number one selling vehicle in America

514
00:25:52,160 --> 00:25:54,959
Speaker 1: most the last forty years or so, although maybe the

515
00:25:54,960 --> 00:25:57,280
Speaker 1: too to rab for was number one last year. We're

516
00:25:57,320 --> 00:25:59,160
Speaker 1: never going to get an honest answer about that because

517
00:25:59,200 --> 00:26:01,800
Speaker 1: different compan these survey companies, are going to give us

518
00:26:01,840 --> 00:26:03,840
Speaker 1: different numbers. But needless to say, the Ford F one

519
00:26:03,920 --> 00:26:06,280
Speaker 1: fifty is a huge, huge deal and the fact that

520
00:26:06,320 --> 00:26:08,439
Speaker 1: people will be able to get used Forward cars and

521
00:26:08,440 --> 00:26:12,320
Speaker 1: trucks now on Amazon is definitely a big deal for Amazon.

522
00:26:12,520 --> 00:26:13,679
Speaker 1: I don't know how much of a big deal it

523
00:26:13,720 --> 00:26:16,480
Speaker 1: is for Ford, but it's also a big deal and

524
00:26:16,560 --> 00:26:20,800
Speaker 1: a worrying deal for companies like Carvana and CarMax, these

525
00:26:20,800 --> 00:26:26,000
Speaker 1: companies that sell use cars online. When Amazon started doing this,

526
00:26:26,160 --> 00:26:29,440
Speaker 1: I really pulled out the red flag for anyone investing

527
00:26:29,440 --> 00:26:31,800
Speaker 1: in these other companies. I think Amazon is going to

528
00:26:31,840 --> 00:26:34,359
Speaker 1: cut seriously into their market share like they've done to

529
00:26:34,400 --> 00:26:37,359
Speaker 1: everybody else in America, the retail world in America, the

530
00:26:37,359 --> 00:26:41,000
Speaker 1: brick and mortar stores that Amazon is absolutely undermined in America.

531
00:26:41,040 --> 00:26:43,480
Speaker 1: It's the reason why the only brick and mortar stores

532
00:26:43,520 --> 00:26:45,760
Speaker 1: that seem to be opening these days are rent restaurant

533
00:26:45,920 --> 00:26:48,639
Speaker 1: and nail salons, the two things you can't necessarily get

534
00:26:48,680 --> 00:26:50,760
Speaker 1: on Amazon. Although Amazon delivers food too, you know what

535
00:26:50,760 --> 00:26:53,480
Speaker 1: I mean. But anyway, this is a big deal, and

536
00:26:53,560 --> 00:26:55,399
Speaker 1: I think Amazon will make some money off of this.

537
00:26:55,440 --> 00:26:57,119
Speaker 1: I think Ward will make some money off of this,

538
00:26:57,240 --> 00:26:59,199
Speaker 1: but it's going to be more about the money lost

539
00:26:59,480 --> 00:27:02,840
Speaker 1: by some of these other websites that currently sell use cars.

540
00:27:02,880 --> 00:27:06,760
Speaker 1: We'll see how this develops. Following GM's lead, Tesla is

541
00:27:06,760 --> 00:27:09,280
Speaker 1: following in that lead. They're also telling all of their

542
00:27:09,320 --> 00:27:12,119
Speaker 1: suppliers to get out of China. Remember I told you

543
00:27:12,160 --> 00:27:14,480
Speaker 1: about this last week with GM. Now it's Tesla telling

544
00:27:14,520 --> 00:27:16,800
Speaker 1: all their suppliers to get out of China. And not

545
00:27:16,880 --> 00:27:20,800
Speaker 1: provide any Chinese made parts. This is an important caveat here.

546
00:27:21,080 --> 00:27:24,080
Speaker 1: No Chinese made parts for their Tesla's that are assembled

547
00:27:24,119 --> 00:27:26,480
Speaker 1: in the United States. Remember, Tesla has a big factory

548
00:27:26,480 --> 00:27:29,240
Speaker 1: in China. Obviously they're not telling their suppliers to get

549
00:27:29,359 --> 00:27:32,600
Speaker 1: out of China to supply the cars assembled there. But

550
00:27:32,640 --> 00:27:34,359
Speaker 1: this is a very big deal. Now Tesla is not

551
00:27:34,480 --> 00:27:37,320
Speaker 1: wasting time. They're telling their suppliers to get this job

552
00:27:37,359 --> 00:27:40,240
Speaker 1: done within the next two years, and some of them

553
00:27:40,280 --> 00:27:42,040
Speaker 1: are going to try to do it within one year.

554
00:27:42,520 --> 00:27:44,800
Speaker 1: And we are getting siver portes from people inside some

555
00:27:44,920 --> 00:27:48,240
Speaker 1: Tesla factories that say that Tesla is already swapping out

556
00:27:48,280 --> 00:27:51,280
Speaker 1: some of the components the Chinese made components for some

557
00:27:51,359 --> 00:27:53,760
Speaker 1: of their cars. This is a big deal because Tesla

558
00:27:53,880 --> 00:27:55,680
Speaker 1: was one of those companies just a couple of years

559
00:27:55,680 --> 00:27:58,680
Speaker 1: ago that was all in on China everywhere. Remember Elon

560
00:27:58,760 --> 00:28:01,080
Speaker 1: Musk went to China, opened up those those factories. Look,

561
00:28:01,119 --> 00:28:03,680
Speaker 1: those factories are still running in China. But the fact

562
00:28:03,680 --> 00:28:06,600
Speaker 1: that he's decoupling them here in the United States another

563
00:28:06,760 --> 00:28:09,520
Speaker 1: big development. Remember I said other companies would follow. I'm

564
00:28:09,600 --> 00:28:12,240
Speaker 1: looking for waiting for a non auto company to also

565
00:28:12,320 --> 00:28:15,160
Speaker 1: follow this lead. So I'll be paying attention to that now.

566
00:28:15,200 --> 00:28:18,040
Speaker 1: A running theme on this program has been following Nissan's

567
00:28:18,080 --> 00:28:21,280
Speaker 1: desperate attempt to stay alive. I'm kind of rooting for Nissan.

568
00:28:21,880 --> 00:28:23,639
Speaker 1: Don't love all their products, but I wouldn't want to

569
00:28:23,680 --> 00:28:26,080
Speaker 1: see them go out of business anyway. Here's something that

570
00:28:26,119 --> 00:28:28,320
Speaker 1: they hope will help it stay alive. It's a soon

571
00:28:28,359 --> 00:28:32,760
Speaker 1: to be available three row plug in hybrid rogue suv.

572
00:28:33,200 --> 00:28:34,919
Speaker 1: But if this vehicle that you're looking at right now

573
00:28:34,960 --> 00:28:38,600
Speaker 1: looks suspiciously familiar to the Mitsubishi Outlander, for those of

574
00:28:38,600 --> 00:28:41,360
Speaker 1: you who really know your cars, you're not imagining things.

575
00:28:41,360 --> 00:28:44,840
Speaker 1: It is basically the Mitsubishi Outlander, and they're getting into

576
00:28:44,880 --> 00:28:47,479
Speaker 1: a partnership with Nissan to allow Nissan to put its

577
00:28:47,560 --> 00:28:49,960
Speaker 1: name on it and to make a few changes, specific

578
00:28:50,200 --> 00:28:52,840
Speaker 1: custom made changes to it. But hey, anything to survive.

579
00:28:53,240 --> 00:28:56,120
Speaker 1: The Outlander is a popular vehicle. Nissan wants to ride

580
00:28:56,120 --> 00:28:58,200
Speaker 1: that wave to try to stay alive, and we'll see

581
00:28:58,200 --> 00:29:01,560
Speaker 1: how well that sells. A Nissan Rogue. The current version

582
00:29:01,600 --> 00:29:03,600
Speaker 1: of it is a huge seller here in the United States,

583
00:29:03,640 --> 00:29:07,520
Speaker 1: so expanding that brand might be the ticket for them. Well,

584
00:29:07,560 --> 00:29:10,560
Speaker 1: here's something that's ending after twenty seven years of production.

585
00:29:11,200 --> 00:29:14,440
Speaker 1: The last Ford Focus rolled off the line on Friday.

586
00:29:15,240 --> 00:29:17,040
Speaker 1: The Focus was actually, if you can believe, this was

587
00:29:17,080 --> 00:29:19,040
Speaker 1: once the best selling car on the whole planet. Now,

588
00:29:19,040 --> 00:29:21,840
Speaker 1: that was mostly because it was so popular in Europe,

589
00:29:21,920 --> 00:29:23,880
Speaker 1: those little cars that they like to drive in Europe

590
00:29:23,920 --> 00:29:26,680
Speaker 1: and those winding streets in old European towns. The Ford

591
00:29:26,720 --> 00:29:29,040
Speaker 1: Focus was very popular for that kind of driving. But

592
00:29:29,120 --> 00:29:30,960
Speaker 1: it was a big seller here in the United States too.

593
00:29:31,440 --> 00:29:34,520
Speaker 1: But Ford CEO Jim Farley, and not mincing words, he

594
00:29:34,640 --> 00:29:36,440
Speaker 1: just says the car does not have enough of a

595
00:29:36,480 --> 00:29:39,760
Speaker 1: profit margin anymore to keep ongoing. So rest in peace,

596
00:29:40,240 --> 00:29:43,040
Speaker 1: Ford Focus. We loved you when you were around. At

597
00:29:43,120 --> 00:29:46,280
Speaker 1: least the Europeans did. Coming up. The US housing market

598
00:29:46,320 --> 00:29:50,000
Speaker 1: is still plagued by high mortgage rates, high prices, and

599
00:29:50,040 --> 00:29:54,480
Speaker 1: most importantly, not enough supply. But billionaire Bill Ackman is

600
00:29:54,520 --> 00:29:56,440
Speaker 1: about to come out today with the solution at least

601
00:29:56,480 --> 00:29:59,080
Speaker 1: some of those problems. We'll tackle that in more when

602
00:29:59,120 --> 00:30:15,200
Speaker 1: American Sunrisers edition comes right back. It's Tuesday, November eighteenth.

603
00:30:15,200 --> 00:30:20,160
Speaker 1: Here this morning's top stories. The pro illegal alien insurrectionist

604
00:30:20,240 --> 00:30:23,560
Speaker 1: movement is massing in Charlotte, North Carolina, and all over

605
00:30:23,600 --> 00:30:26,400
Speaker 1: the state making that state the new focal point, the

606
00:30:26,440 --> 00:30:29,880
Speaker 1: new ground zero in the violence. Charlotte has also become

607
00:30:29,880 --> 00:30:34,880
Speaker 1: the focal point of Democrat and mainstream media deception campaigns.

608
00:30:36,360 --> 00:30:38,360
Speaker 1: Today is the day the House will vote to release

609
00:30:38,480 --> 00:30:41,640
Speaker 1: all the Jeffrey Epstein files, while all the ones they have. Now,

610
00:30:41,680 --> 00:30:43,920
Speaker 1: that is something that Democrats have enjoyed threatening to do

611
00:30:43,960 --> 00:30:46,840
Speaker 1: in teasing and using innuendo. But when it's now really

612
00:30:46,840 --> 00:30:51,680
Speaker 1: gonna happen, they may not really like the results. A

613
00:30:51,720 --> 00:30:56,000
Speaker 1: federal magistrate judge issues a blistering critique of the prosecution

614
00:30:56,640 --> 00:30:59,680
Speaker 1: in the James Comy grand jury investigation, but will it

615
00:30:59,720 --> 00:31:04,360
Speaker 1: be in enough to dismiss the case entirely? And the

616
00:31:04,480 --> 00:31:08,040
Speaker 1: US housing market needs help, but as hedge fund billionaire

617
00:31:08,080 --> 00:31:10,520
Speaker 1: Bill Ackman the guy to fix it, we should find

618
00:31:10,520 --> 00:31:19,520
Speaker 1: out today. American Sunrise Early Edition continues. Now back to

619
00:31:19,560 --> 00:31:22,240
Speaker 1: American Sunrise Early Edition, and it's a Tuesday. I'm Jake Novac.

620
00:31:22,280 --> 00:31:24,080
Speaker 1: Thank you to all of you who are joining on

621
00:31:24,080 --> 00:31:26,320
Speaker 1: on many platforms where you can not only watch this

622
00:31:26,400 --> 00:31:29,680
Speaker 1: show live, but you can comment live. And I read

623
00:31:29,720 --> 00:31:31,719
Speaker 1: the comments and so do the other folks here at

624
00:31:31,720 --> 00:31:35,960
Speaker 1: Real America's Voice. The era of passive news watching is over.

625
00:31:37,080 --> 00:31:39,480
Speaker 1: Save that for your binge watching on Netflix. When you

626
00:31:39,520 --> 00:31:42,400
Speaker 1: want to be an active person in this country, an

627
00:31:42,400 --> 00:31:45,320
Speaker 1: active patriot, not only do you need to watch the

628
00:31:45,400 --> 00:31:47,520
Speaker 1: right news programs, but you need to be able to

629
00:31:47,560 --> 00:31:50,280
Speaker 1: interact with the people putting them together. And I'm really

630
00:31:50,280 --> 00:31:52,479
Speaker 1: happy that we do that here. Always bothered me in

631
00:31:52,480 --> 00:31:55,400
Speaker 1: my many decades of news that I couldn't find out

632
00:31:55,480 --> 00:31:57,560
Speaker 1: what the viewers were thinking in real time, And we

633
00:31:57,560 --> 00:31:59,719
Speaker 1: can do that now, and I'm taking advantage of it.

634
00:32:00,120 --> 00:32:03,000
Speaker 1: To me now is aml global founder and tech expert

635
00:32:03,280 --> 00:32:06,200
Speaker 1: and liveshoots and and I want to talk about what

636
00:32:06,280 --> 00:32:09,240
Speaker 1: I just talked about before the last break, about how

637
00:32:09,280 --> 00:32:12,840
Speaker 1: one company is really dominating the stock market. This in

638
00:32:13,000 --> 00:32:18,120
Speaker 1: video that makes the computer chips that power AI. I'm sorry, folks,

639
00:32:18,160 --> 00:32:19,760
Speaker 1: I know it's not a sex c company. I can't

640
00:32:19,800 --> 00:32:21,720
Speaker 1: show you a really cool video of what it does.

641
00:32:22,360 --> 00:32:24,600
Speaker 1: Jensen Wong, who's the CEO, is kind of a good interview,

642
00:32:24,600 --> 00:32:26,760
Speaker 1: by the way, a rarity by the way, but still

643
00:32:26,800 --> 00:32:29,760
Speaker 1: not that exciting. But does it bother you as much

644
00:32:29,800 --> 00:32:32,800
Speaker 1: as it bothers me that one company is really dominating

645
00:32:32,880 --> 00:32:35,520
Speaker 1: our investments? People who have four one ks and iras

646
00:32:35,560 --> 00:32:38,440
Speaker 1: if you're watching, and video really is playing a very

647
00:32:38,480 --> 00:32:40,800
Speaker 1: big role in all of that, and I don't like that.

648
00:32:40,840 --> 00:32:45,360
Speaker 1: I'd like to see us more diversified. How about you, morning, Jake,

649
00:32:45,400 --> 00:32:46,240
Speaker 1: Thanks for having me.

650
00:32:46,880 --> 00:32:50,000
Speaker 6: Well, I'll see. I will say, in any in any area,

651
00:32:50,120 --> 00:32:52,320
Speaker 6: you don't want to have a single point of failure,

652
00:32:53,000 --> 00:32:56,360
Speaker 6: and especially in the US tech economy, we want to

653
00:32:56,400 --> 00:32:59,520
Speaker 6: make sure that we remain a global player, the leader

654
00:32:59,520 --> 00:33:02,720
Speaker 6: in AI, which this is an area where the US

655
00:33:02,920 --> 00:33:05,320
Speaker 6: is dominant. All too often when we hear about, hey,

656
00:33:05,400 --> 00:33:08,360
Speaker 6: how the US is losing its leadership, how other countries

657
00:33:08,360 --> 00:33:12,760
Speaker 6: and other areas are surpassing our tech leadership. And AI

658
00:33:12,880 --> 00:33:15,440
Speaker 6: is still the global dominant player, and Navidia is an

659
00:33:15,480 --> 00:33:17,959
Speaker 6: important part of that. So you don't want to have

660
00:33:18,000 --> 00:33:21,040
Speaker 6: a single point of failure. And it is absolutely true

661
00:33:21,080 --> 00:33:25,520
Speaker 6: that Navidia is years ahead of every other company its

662
00:33:25,560 --> 00:33:30,480
Speaker 6: ability to produce the powerful computer computer chips, these powerful

663
00:33:30,520 --> 00:33:35,520
Speaker 6: computing power chips that drive the AI industry, that they

664
00:33:35,560 --> 00:33:38,560
Speaker 6: are the essential infrastructure. So it is a big deal

665
00:33:38,760 --> 00:33:41,240
Speaker 6: that we're reliant, not just the US, but really the

666
00:33:41,240 --> 00:33:45,640
Speaker 6: whole global community is reliant on one company. There are

667
00:33:45,760 --> 00:33:48,640
Speaker 6: others that are starting to get into space, but there's

668
00:33:48,680 --> 00:33:52,240
Speaker 6: still years behind. So Navidia is an important component to

669
00:33:52,320 --> 00:33:57,840
Speaker 6: the US tech industry, to the us AI infrastructure, and

670
00:33:57,920 --> 00:34:00,360
Speaker 6: they're ahead of everyone. But once again, you want to

671
00:34:00,400 --> 00:34:01,880
Speaker 6: avoid single points of failure.

672
00:34:02,960 --> 00:34:06,320
Speaker 1: Yeah, it's an obsession. People keep thinking about how Wall

673
00:34:06,320 --> 00:34:10,840
Speaker 1: Street is so sophisticated, they're so smart, they're the masters

674
00:34:10,840 --> 00:34:12,040
Speaker 1: of the universe. At the end of the day, they're

675
00:34:12,080 --> 00:34:15,160
Speaker 1: betting on one horse, and I just find that pathetic.

676
00:34:15,239 --> 00:34:17,759
Speaker 1: And as you said, it's dangerous. It's just dangerous to

677
00:34:17,800 --> 00:34:21,000
Speaker 1: do that. They keep telling us diversify diversally, and they

678
00:34:21,040 --> 00:34:23,120
Speaker 1: don't practice what they preach. Now, I want to get

679
00:34:23,160 --> 00:34:25,800
Speaker 1: to the wider economy here, the polls show that American

680
00:34:25,880 --> 00:34:29,560
Speaker 1: voters are really focusing more on the economy. Again, they

681
00:34:29,560 --> 00:34:31,640
Speaker 1: never really stop focusing on it. I've never seen it

682
00:34:31,680 --> 00:34:34,320
Speaker 1: out of the top three of issues that American voters

683
00:34:34,320 --> 00:34:37,160
Speaker 1: are focusing on, but it's up there again. And this

684
00:34:37,320 --> 00:34:40,000
Speaker 1: is clearly now the run up now to the midterms

685
00:34:40,160 --> 00:34:42,720
Speaker 1: for twenty twenty six, and you can see President Trump

686
00:34:42,760 --> 00:34:46,640
Speaker 1: really trying some new ideas here, going back and forth

687
00:34:46,680 --> 00:34:48,080
Speaker 1: on some of the tariffs to see we can get

688
00:34:48,080 --> 00:34:52,200
Speaker 1: some of the grocery prices down. But you're I've had

689
00:34:52,239 --> 00:34:54,680
Speaker 1: a lot of guests on who give me their grade

690
00:34:54,680 --> 00:34:56,600
Speaker 1: for the economy. I had somebody on last week who

691
00:34:56,600 --> 00:34:59,200
Speaker 1: gave it a C plus B minus, which you still

692
00:34:59,200 --> 00:35:01,719
Speaker 1: thought was a passing. He's not like Harvard with those

693
00:35:01,719 --> 00:35:04,720
Speaker 1: grade inflators over there. How about you, what's your overall

694
00:35:04,719 --> 00:35:06,400
Speaker 1: feeling about the economy here, and if you had to

695
00:35:06,400 --> 00:35:07,480
Speaker 1: give it a grade, what would it be.

696
00:35:08,400 --> 00:35:12,799
Speaker 6: Well, I'll say this, things are still expensive. Everything's expensive,

697
00:35:13,280 --> 00:35:16,879
Speaker 6: and just in my every day walking around picking things up,

698
00:35:16,920 --> 00:35:19,839
Speaker 6: buying things, picking utility bills, if you you know, the

699
00:35:19,880 --> 00:35:22,200
Speaker 6: one thing that comes to mind is if you are

700
00:35:22,320 --> 00:35:25,040
Speaker 6: working on an hourly rate, hour to hour, and you

701
00:35:25,160 --> 00:35:27,839
Speaker 6: work that hour, you get paid. You don't work that hour,

702
00:35:27,960 --> 00:35:30,759
Speaker 6: you don't get paid, it's really difficult to see how

703
00:35:30,800 --> 00:35:33,520
Speaker 6: you make ends meet. Usually we used to say things

704
00:35:33,520 --> 00:35:36,160
Speaker 6: are more expensive in the city, but I spend time

705
00:35:36,160 --> 00:35:38,279
Speaker 6: in the city. I spend time outside the city, and

706
00:35:38,400 --> 00:35:41,600
Speaker 6: everything everywhere is expensive. So when you look at it

707
00:35:41,640 --> 00:35:45,240
Speaker 6: from that perspective, there's true challenge. I mean, a grade

708
00:35:45,440 --> 00:35:47,759
Speaker 6: is only a grade a challenge, you know. It is

709
00:35:47,800 --> 00:35:50,839
Speaker 6: a challenge, you know, and it's interesting when you think

710
00:35:50,880 --> 00:35:54,120
Speaker 6: about the stock market while we've had a recent pause pullback.

711
00:35:54,160 --> 00:35:57,840
Speaker 6: You know, it's been charging ahead while we have this

712
00:35:57,840 --> 00:36:01,319
Speaker 6: this this other true challenge going on. How expensive things are.

713
00:36:01,400 --> 00:36:04,800
Speaker 6: So you have one aspect of the economy roaring ahead,

714
00:36:05,120 --> 00:36:06,840
Speaker 6: but you know when you short it to the ground

715
00:36:06,840 --> 00:36:09,080
Speaker 6: and get on the grocery store level, things are really

716
00:36:09,120 --> 00:36:11,120
Speaker 6: difficult for people that worked really hard.

717
00:36:12,120 --> 00:36:15,719
Speaker 1: Yeah, I mean, the inflation that most of American and

718
00:36:15,880 --> 00:36:19,279
Speaker 1: Americans had been free from having to suffer from since

719
00:36:19,320 --> 00:36:22,319
Speaker 1: really the early eighties came back with a vengeance under

720
00:36:22,400 --> 00:36:24,400
Speaker 1: Joe Biden. And by the way, this was a deliberate

721
00:36:24,440 --> 00:36:28,799
Speaker 1: policy by the Biden administration to spend up to push

722
00:36:28,840 --> 00:36:33,200
Speaker 1: inflation higher. This is exactly This wasn't an accident, and

723
00:36:33,239 --> 00:36:35,160
Speaker 1: we are really still struggling to get away from it.

724
00:36:35,160 --> 00:36:37,720
Speaker 1: This is not a Pandora's box that you can open

725
00:36:37,719 --> 00:36:40,799
Speaker 1: and just shut and everything will all the horrible things

726
00:36:40,840 --> 00:36:43,400
Speaker 1: will go back in, and there's just it takes a

727
00:36:43,400 --> 00:36:45,319
Speaker 1: lot of work to do this. So one of those

728
00:36:45,320 --> 00:36:47,440
Speaker 1: things that really really shot up under the Biden administration.

729
00:36:47,520 --> 00:36:50,080
Speaker 1: Under the Trump administration, we were between two and three

730
00:36:50,120 --> 00:36:52,960
Speaker 1: percent mortgages, We're now between six and six and a

731
00:36:53,000 --> 00:36:56,520
Speaker 1: half percent. We've been over seven in the Biden years

732
00:36:56,520 --> 00:36:59,440
Speaker 1: as well. That's a huge, huge increase percent I mean,

733
00:36:59,600 --> 00:37:01,920
Speaker 1: somebody's like, well, that's only a few percentage points. No,

734
00:37:01,960 --> 00:37:04,880
Speaker 1: it's yes, that's correct percentage points. But as a percentage

735
00:37:04,920 --> 00:37:08,080
Speaker 1: it's a huge jump. It's a tripling almost of where

736
00:37:08,080 --> 00:37:10,399
Speaker 1: we were on the mortgage rates during the first Trump

737
00:37:10,400 --> 00:37:13,399
Speaker 1: administration when Biden came in trying to get those rates down.

738
00:37:13,440 --> 00:37:16,920
Speaker 1: So today, later today, Bill Ackman, the hedge fund billionaire,

739
00:37:17,200 --> 00:37:19,200
Speaker 1: is going to unveil a plan to try to lower

740
00:37:19,320 --> 00:37:22,399
Speaker 1: mortgage costs now apparently, and what he's going to try

741
00:37:22,400 --> 00:37:25,120
Speaker 1: to do is push for the consolidation of Fannie May

742
00:37:25,160 --> 00:37:29,080
Speaker 1: and Freddie mack, which he says, these two backstops for

743
00:37:29,120 --> 00:37:34,000
Speaker 1: the mortgage process and infrastructure in this country. Our driving

744
00:37:34,080 --> 00:37:37,040
Speaker 1: up costs, and if you consolidate them, we can lower costs,

745
00:37:38,640 --> 00:37:40,560
Speaker 1: you know. And I think that's great, and I like

746
00:37:40,640 --> 00:37:43,600
Speaker 1: new ideas, but I'm a big supply and demand kind

747
00:37:43,600 --> 00:37:45,839
Speaker 1: of guy. And to me, if you want to lower

748
00:37:45,840 --> 00:37:48,239
Speaker 1: the price of something that everyone wants since Caveman times,

749
00:37:48,280 --> 00:37:52,560
Speaker 1: we've liked living indoors, I think we got to increase supply.

750
00:37:52,640 --> 00:37:55,040
Speaker 1: I would put much more like to see our priorities

751
00:37:55,080 --> 00:37:55,759
Speaker 1: put on that.

752
00:37:57,160 --> 00:38:00,560
Speaker 6: Oh, I completely agree with you. We have to freeze

753
00:38:00,640 --> 00:38:03,440
Speaker 6: the market. We have to create movement of assets in

754
00:38:03,480 --> 00:38:07,040
Speaker 6: the market. We have to create a market. And Bill

755
00:38:07,080 --> 00:38:09,440
Speaker 6: Ackman deserves a lot of respect for some of the

756
00:38:09,520 --> 00:38:11,760
Speaker 6: issues where he has kept the light on those important

757
00:38:11,800 --> 00:38:14,200
Speaker 6: issues in recent years. So I'm looking forward to see

758
00:38:14,200 --> 00:38:18,799
Speaker 6: what he proposes today. But remember, Fannie Mae, Freddie mac

759
00:38:18,920 --> 00:38:23,840
Speaker 6: these aren't lenders. They are government sponsored entities, government corporations

760
00:38:23,880 --> 00:38:29,000
Speaker 6: that buy from the lenders, create liquidity, create securities, and

761
00:38:29,680 --> 00:38:33,480
Speaker 6: ensure these mortgages. They're not in direct privity with the

762
00:38:33,600 --> 00:38:37,040
Speaker 6: daily buyer, with the daily seller. And on that note,

763
00:38:37,400 --> 00:38:39,960
Speaker 6: even those these things, these two things are inherently related.

764
00:38:40,200 --> 00:38:43,279
Speaker 6: We can really talk about the mortgage industry and the

765
00:38:43,320 --> 00:38:46,880
Speaker 6: housing market almost different. I view the mortgage industries the

766
00:38:46,920 --> 00:38:50,640
Speaker 6: macro industry, whereas the housing market is that economy, that

767
00:38:50,800 --> 00:38:54,480
Speaker 6: market where a buyer and a seller are you know,

768
00:38:54,800 --> 00:38:58,759
Speaker 6: you know, a direct player. And while what uh, you know,

769
00:38:58,880 --> 00:39:02,200
Speaker 6: what Bill Atlans is going to propose, I'm looking forward

770
00:39:02,239 --> 00:39:04,759
Speaker 6: to reading it. It's definitely going, you know, going to

771
00:39:04,760 --> 00:39:08,560
Speaker 6: be an interesting, you know event. At ten thirty. I'm really,

772
00:39:09,640 --> 00:39:13,439
Speaker 6: you know, really focused on the types of programs such

773
00:39:13,480 --> 00:39:16,640
Speaker 6: as what the administration is proposing of a portable mortgage

774
00:39:16,640 --> 00:39:18,960
Speaker 6: where you can take your home mortgage with me, because

775
00:39:19,000 --> 00:39:21,840
Speaker 6: that is where the buyer and the cellar are actually

776
00:39:21,880 --> 00:39:24,880
Speaker 6: interacting and can understand it, can touch it and feel it.

777
00:39:25,120 --> 00:39:27,720
Speaker 6: If you've got a house and you're under three percent,

778
00:39:28,239 --> 00:39:30,480
Speaker 6: why would you move to go buy a house that's

779
00:39:30,520 --> 00:39:33,080
Speaker 6: three times expensive and period times the rate. But if

780
00:39:33,120 --> 00:39:35,319
Speaker 6: you can take the rate with you, your rate that

781
00:39:35,400 --> 00:39:37,840
Speaker 6: you qualified, and let's say you have four hundred and

782
00:39:37,880 --> 00:39:40,319
Speaker 6: seventy five thousand dollars left in that mortgage, you could

783
00:39:40,400 --> 00:39:43,480
Speaker 6: roll it over to a new property. That will create

784
00:39:43,520 --> 00:39:46,960
Speaker 6: a market that will unlock the assets. So I know

785
00:39:47,040 --> 00:39:49,399
Speaker 6: this is in something that the administration is talking about,

786
00:39:49,440 --> 00:39:52,280
Speaker 6: and I'm really excited to see if that actually materializes.

787
00:39:53,520 --> 00:39:55,600
Speaker 1: You know, I want to talk about the cultural aspect

788
00:39:55,640 --> 00:39:58,200
Speaker 1: of this as well. You know, we have families that

789
00:39:58,239 --> 00:40:00,720
Speaker 1: are broken up in this country when people full retire

790
00:40:01,239 --> 00:40:04,240
Speaker 1: and you know, they don't want to pay the property

791
00:40:04,280 --> 00:40:07,560
Speaker 1: taxes anymore, especially since their kids are grown and they're

792
00:40:07,560 --> 00:40:10,480
Speaker 1: not going to schools. But they're almost forced out of

793
00:40:10,480 --> 00:40:12,640
Speaker 1: their homes in places that they've lived all their lives

794
00:40:12,640 --> 00:40:16,200
Speaker 1: that might still be amenable for older folks because they

795
00:40:16,200 --> 00:40:18,279
Speaker 1: can't afford it, and then they end up moving further

796
00:40:18,360 --> 00:40:20,960
Speaker 1: away from their children and grandchildren. The children when they

797
00:40:21,040 --> 00:40:23,440
Speaker 1: come out of college and maybe have been working for

798
00:40:23,440 --> 00:40:25,840
Speaker 1: a little while, can't afford to live in that community either.

799
00:40:26,120 --> 00:40:29,360
Speaker 1: It's caused this incredible spreading out of families and breaking

800
00:40:29,440 --> 00:40:31,799
Speaker 1: up of things. I just I would just we need

801
00:40:31,840 --> 00:40:35,680
Speaker 1: to have more housing options in the places where people

802
00:40:35,680 --> 00:40:37,439
Speaker 1: want to live. And by the way, it's not only

803
00:40:37,480 --> 00:40:41,400
Speaker 1: politics that stops it. Sometimes it's very short sighted communities.

804
00:40:41,440 --> 00:40:44,120
Speaker 1: They don't want a townhouse community or an apartment building

805
00:40:44,160 --> 00:40:47,040
Speaker 1: in their neighborhood, even though that means that their kids

806
00:40:47,040 --> 00:40:48,399
Speaker 1: are going to have to move away because they can't

807
00:40:48,400 --> 00:40:50,480
Speaker 1: afford to buy the houses real quick. And I want

808
00:40:50,480 --> 00:40:52,480
Speaker 1: to talk about these tariffs. That's another thing where we're

809
00:40:52,480 --> 00:40:54,440
Speaker 1: talking about cost of living. You were talking about the

810
00:40:54,440 --> 00:40:56,880
Speaker 1: cost of everything. I think the dumbest phrase that I

811
00:40:56,960 --> 00:40:59,560
Speaker 1: keep hearing from people is taco I can't stand it.

812
00:40:59,640 --> 00:41:01,719
Speaker 1: Trump always check us out. No, that's called business. When

813
00:41:01,760 --> 00:41:05,080
Speaker 1: Trump President Trump opposes a tariff, gets some revenue from it,

814
00:41:05,080 --> 00:41:07,040
Speaker 1: gets people to understand they need to make a trade deal,

815
00:41:07,280 --> 00:41:08,920
Speaker 1: and then cuts it back a little bit. That's not

816
00:41:09,040 --> 00:41:12,000
Speaker 1: him backing down or chickening out. That's him getting what

817
00:41:12,080 --> 00:41:15,200
Speaker 1: he wanted out of something and then getting some relief

818
00:41:15,280 --> 00:41:17,719
Speaker 1: for the American consumer. I think this is a good

819
00:41:17,760 --> 00:41:20,520
Speaker 1: strategy and hopefully this will lead to lower costs at

820
00:41:20,560 --> 00:41:21,320
Speaker 1: the grocery store.

821
00:41:23,280 --> 00:41:26,240
Speaker 6: Yeah, it's not a zero sum game. It's not digital

822
00:41:26,280 --> 00:41:28,920
Speaker 6: logic one zero. I mean, this is a this is

823
00:41:28,960 --> 00:41:33,759
Speaker 6: the global economy. These are interrelated economies. And yes, in

824
00:41:33,800 --> 00:41:37,320
Speaker 6: a perfect world, there's you know, we don't have terrafts.

825
00:41:37,320 --> 00:41:41,920
Speaker 6: We just have you know, extensive free trade, very busy economies,

826
00:41:42,040 --> 00:41:45,560
Speaker 6: very busy global economies, except that we aren't always dealing

827
00:41:45,640 --> 00:41:47,480
Speaker 6: with countries that are as reasonable as us with their

828
00:41:47,560 --> 00:41:51,080
Speaker 6: economic policy or some good faith as us. So sometimes

829
00:41:51,120 --> 00:41:54,520
Speaker 6: we have to go back to you know, go back

830
00:41:54,560 --> 00:41:57,000
Speaker 6: to the table and say, look, this isn't this is

831
00:41:57,000 --> 00:41:59,840
Speaker 6: an equitable playing field. And until we get things level,

832
00:42:00,280 --> 00:42:04,640
Speaker 6: things straight, and an equital economic relationship, this is what

833
00:42:04,640 --> 00:42:06,720
Speaker 6: we're looking at. And that's part of the bargaining process.

834
00:42:06,719 --> 00:42:09,200
Speaker 6: That's part of the negotiating process. Of course, we all

835
00:42:09,239 --> 00:42:10,759
Speaker 6: want to be the same place, but we have to

836
00:42:10,800 --> 00:42:12,040
Speaker 6: get there first.

837
00:42:12,520 --> 00:42:14,400
Speaker 1: That's right. Well, and Lipscholz. Thank you so much for

838
00:42:14,480 --> 00:42:16,600
Speaker 1: joining us. Have a great rest of your week, and

839
00:42:16,840 --> 00:42:20,879
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Speaker 1: Coming up is the Justice Department's case against James Comey,

863
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Speaker 1: already dead in the water. David Brody and I will

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Speaker 1: talk about that when American Sunrise Early edition comes right up.

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Speaker 1: It's a live look at Naples, Florida, home of Ave

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Speaker 1: Maria University, where, by the way, you can take some

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Speaker 1: video courses taught by my dad David Novak, Professor David Names. Anyway,

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Speaker 1: welcome back. A magistrate judge has bashed the conduct of

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Speaker 1: prosecutor Lindsay Halligan in the James Comey classified infocase. Soch

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Speaker 1: by the way, is an open and shutcase. There's absolutely

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Speaker 1: there should be no dispute in the evidence in this case.

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Speaker 1: But according to that magistrate judge, the prosecutors broke some rules.

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Speaker 1: There was some prosecutorial misconduct, you know, the kind that

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Speaker 1: they were doing all the time against President Trump, and

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Speaker 1: didn't really no one said anything about that. But do

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Speaker 1: it to James Comy, and you know he's got friends

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Speaker 1: in town. David Rody is not one of James Comy's

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Speaker 1: friends in town. He's not one of his enemies either.

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Speaker 1: I'm sure that they would get along fine. David Rody's

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Speaker 1: a gentleman. But David, I gotta ask you, this seems

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Speaker 1: to me, this could really undermine the case, which would

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Speaker 1: really be I think, very very sad now, because I

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Speaker 1: really I don't really need James Comy to get marched

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Speaker 1: off to prison. I think personally I think he probably

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Speaker 1: deserves it. But that's really not my main focus. My

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Speaker 1: main focus is something needs to be done as a

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Speaker 1: chilling effect of these career bureaucrats, especially at places like

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Speaker 1: the FBI, to stop abusing their power. And if James

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Speaker 1: Comy gets off on this and they don't even take

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Speaker 1: him to trial, that's going to be a big green

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Speaker 1: light for more of these jerks to do this kind

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Speaker 1: of stuff.

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Speaker 7: Yeah, and I'm afraid that's exactly what's going to happen, Jake.

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Speaker 7: I was looking up quotes this morning because once again,

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Speaker 7: like I said, I just do random things at six

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Speaker 7: in the morning. And Benjamin Franklin once said, for the

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Speaker 7: want of the nail, the shoe was lost, and that

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Speaker 7: pretty much sums it up here. In other words, the

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Speaker 7: shoe James Comy could be lost, that case could be

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Speaker 7: lost for not dotting the eyes in essence and crossing

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Speaker 7: the t's. And the devil here seems to be.

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Speaker 1: In the details.

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Speaker 7: Look, I mean, this is all about Halligan, Let's be honest.

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Speaker 7: You know, just appointed just a few days or what

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Speaker 7: was it about a week before this whole thing happened

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Speaker 7: regarding the grand jury testimony with James Comy.

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Speaker 1: So look, I mean, what are you gonna do, Jake.

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Speaker 1: You can't bumble it. You can't bungle it. We don't

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Speaker 1: know all the details, but it does seem.

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Speaker 7: Like there seems to be at least some potential errors here,

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Speaker 7: and that's not gonna make MAGA happy. But look, you know,

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Speaker 7: when it's the deep State, there's always something going on.

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Speaker 7: You better make sure you got your ducks in a

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Speaker 7: row otherwise you're in big trouble.

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Speaker 1: Yeah, And if they can't punish the people who did

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Speaker 1: it before. Then maybe they just need to clear it

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Speaker 1: all out and not replace folks when they get to

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Speaker 1: when they retire. I don't know what to say. It's

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Speaker 1: such a bad situation in DC, but you're one of

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Speaker 1: the bright spots there, and so is American Sunrise coming

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Speaker 1: up in the next two hours. I'll join you in

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Speaker 1: the nine thirty area around there, and we'll see you

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Speaker 1: on Early Edition tomorrow at seven am. Thank you.