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Speaker 1: Ahead an American Sunrise early edition. Every hour Israel takes

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Speaker 1: out another key Iranian target. What you hear and what

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Speaker 1: you see here or was is the Iranian intelligence Ministry.

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Speaker 1: Israel says these attacks will last for two weeks total,

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Speaker 1: but at this rate can the Mola's regime even last

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Speaker 1: that long? President Trump says he'd still like to see

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Speaker 1: some kind of peace agreement, but that's sometimes you have

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Speaker 1: to keep fighting. Translation, Israel has the green light, and

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Speaker 1: this president is more supportive of the effort than any

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Speaker 1: Democrat or even Republican president ever would be. In Minnesota,

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Speaker 1: the manhunt is over. Police late last night found the

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Speaker 1: man suspected of murdering one state lawmaker and shooting another.

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Speaker 1: Now they continue to uncover more evidence about the suspect's

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Speaker 1: unusual past. The overseas news and the shootings this weekend

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Speaker 1: very much overshadowed the big anti Trump no Kings protests

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Speaker 1: across the country, but most observers report they were heavily

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Speaker 1: attended by people who were, shall we say, past their prime?

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Speaker 1: Is this the beginning of the resistance movement or the

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Speaker 1: end of it? And early voting has begun in the

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Speaker 1: New York City mayoral Primary. Could America's biggest city soon

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Speaker 1: be run by an avowed communist just because Andrew Como's

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Speaker 1: campaign has been such a disaster? American Sunrise Early Edition begins.

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Speaker 2: Now, 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.

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Speaker 1: To your good thieves and bad deaths. That's how we're

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Speaker 1: gonna judge you.

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

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Speaker 2: that met.

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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: Welcome to another Monday and another beginning of a week

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Speaker 1: here in American Sunrise Early Edition. I don't know if

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Speaker 1: it's just me, but it feels like the twenty three

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Speaker 1: hours between doing the show during a regular weekday and

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Speaker 1: the next day, millions of things happened. And on a weekend,

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Speaker 1: it feels like decades of news have happened between the

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Speaker 1: last time I saw you here on Real America's Voice.

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Speaker 1: And that is certainly the case got you that update

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Speaker 1: just a moment ago about how the police in Minnesota

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Speaker 1: did indeed capture the suspect in those politically motivated shootings

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Speaker 1: on Friday that happened of course all weekend. That was

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Speaker 1: a huge story happening just overnight. So again, want to

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Speaker 1: make sure you understand that they police have caught him

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Speaker 1: and hopefully we'll find out more about that. But of course,

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Speaker 1: the big story internationally, the big story globally remains Israel

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Speaker 1: and Iran at war and Israel taking out so many

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Speaker 1: key targets across Iran. Joining me now is former Green Beret,

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Speaker 1: former police officer, and current podcast podcast os Matt Tarnio. Matt,

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Speaker 1: I don't even think again, there's a lot of there's

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Speaker 1: a lot of bad news here, and I understand that,

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Speaker 1: but let's let's put this in respective. I don't think

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Speaker 1: even the most optimistic pro Israel or anti Iranian observer

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Speaker 1: could have predicted such monumental victories by Israel in just

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Speaker 1: what's been going on for fewer than four days right now.

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Speaker 1: It started early Friday morning. This has been an incredible

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Speaker 1: sweep of Iran's intelligence, Iran's military, Uron's infrastructure. What did

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Speaker 1: I leave out? Matt?

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Speaker 3: Yeah, I mean the way Israel ended up opening up

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Speaker 3: on Friday was just insane. I don't I mean, I

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Speaker 3: had a suspicion. I had a feeling that they're gonna

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Speaker 3: be going after the leadership with at least within the IRGC,

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Speaker 3: and that came out to be true. And I don't

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Speaker 3: think a lot of people can really appreciate the level

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Speaker 3: of intelligence collection and gathering and also like operational capability

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Speaker 3: that it takes to pull something like that off over

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Speaker 3: inside of the border to have that well of a

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Speaker 3: coordinated strike. On top of that, the fact that all

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Speaker 3: of those leadership were actually above ground, hanging out at

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Speaker 3: home acting like there was nothing going on. They didn't

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Speaker 3: even get to see it coming. So for Israel pull

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Speaker 3: this off from within with massad agents on the ground

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Speaker 3: and then just continue to develop target after target after

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Speaker 3: target with their F thirty five's dominating the sky over

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Speaker 3: a run, I mean it's a huge success.

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Speaker 1: Yeah, you know, I want to make you made a

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Speaker 1: very interesting point there about the leadership being above ground

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Speaker 1: and having this false sense of security. I want to

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Speaker 1: mine into that just a little bit because for decades,

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Speaker 1: anti and pro Israel, Anti and pro American great minds

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Speaker 1: have told us that, hey, there was no way the

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Speaker 1: United States would ever allow Israel to carry out an

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Speaker 1: attack like this, and b even if it did, Israel

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Speaker 1: couldn't make any significant damage to Iran's nuclear facilities without

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Speaker 1: an entire arsenal of the so called moabs mother of

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Speaker 1: all bombs, bunker buster bombs that Israel doesn't have. I

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Speaker 1: have a feeling that that both of those things were

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Speaker 1: always untrue, and that the people who really knew the

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Speaker 1: truth that that we're very happy to promote that falsehood

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Speaker 1: to give Iran a false sense of security, so those

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Speaker 1: guys would be overground, to give them the feeling that

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Speaker 1: they don't really need to protect themselves, because one of

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Speaker 1: the questions everyone's asking is Iran was talking about it

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Speaker 1: Israel was going to take over the world and kill them.

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Speaker 1: How come they had absolutely no defenses here? I mean,

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Speaker 1: they were knocked out so quickly, Matt. I think all

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Speaker 1: along everyone always knew that, of course, there were enough

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Speaker 1: smart people in the United States who would make sure

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Speaker 1: that this would happen eventually if it was needed to happen,

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Speaker 1: if it needed to happen, and be no, Israel didn't

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Speaker 1: need to have a bunch of massive, massive bombs to

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Speaker 1: carry this out. I think it gave Iran and the

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Speaker 1: opponents of Israel that false sense of security.

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Speaker 3: Yeah, I mean it very well could have you know

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Speaker 3: that just the I don't want to say this. The

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Speaker 3: false sense of security that Iron had was based on

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Speaker 3: a lot of things, right, getting some of their aerial

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Speaker 3: defense systems from Russia that asked three hundreds for example,

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Speaker 3: which you know, the Ukraine the United States of America

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Speaker 3: have been openly sharing intelligence for a very long period

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Speaker 3: of time. Now, then you also have just older like

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Speaker 3: CPU style like aerial defense equipment that they're using, I

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Speaker 3: mean literally just shooting flak from this guy because everything

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Speaker 3: else is knocked out. But you had those massade agents

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Speaker 3: that were on the ground launching drones to go over

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Speaker 3: and take out some of his aerial defense units. Plus

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Speaker 3: the F thirty five is just a stealth fighter jet.

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Speaker 3: That's I mean what it's kind of designed and capable

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Speaker 3: of doing to take care of those issues. Now that

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Speaker 3: munitions being delivered in the effects on target. The one

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Speaker 3: nuclear facility that I'm aware of that the IAEA came

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Speaker 3: out and actually confirmed had been destroyed, the Denton's nuclear

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Speaker 3: facility a little bit different as is, you know, far

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Speaker 3: as some of the depth of the actual target goes

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Speaker 3: versus some of the other ones. So not entirely convinced

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Speaker 3: that Israel has dominated that entire enrichment process that Ron's

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Speaker 3: got going on over inside the country. But I mean,

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Speaker 3: it looks like for sure they're on the right path

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Speaker 3: in order to have it completely shut down.

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Speaker 1: Yeah, let's talk about President Trump's role in all of this,

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Speaker 1: because he's warning the Iranians. First of all, he's saying, hey,

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Speaker 1: if you attack any American outlets, and they've tried in

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Speaker 1: response to the Israeli attacks, then you will have the

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Speaker 1: worst thing ever happened to you, if there's anything left

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Speaker 1: to them after that. But I want to talk about

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Speaker 1: the role here. I know he's been saying some things like, hey,

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Speaker 1: he would still like to see a peace agreement and

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Speaker 1: things like that, but everyone needs to understand any other

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Speaker 1: president in American history, or any other candidate who ran

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Speaker 1: against Trump this time or last time. By now, in fact,

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Speaker 1: I think within a few hours of this on Friday

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Speaker 1: would have urged and called for Israel to stop, would

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Speaker 1: have done that publicly. Maybe maybe they would have said,

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Speaker 1: I urge all sides to stop. But I promise you

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Speaker 1: anyone who doesn't understand this really hasn't been paying attention.

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Speaker 1: The fact that Trump hasn't done that hasn't explicitly said

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Speaker 1: stop stop stop is a huge green light. Is a

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Speaker 1: huge positive for the whole world because Uron threatens the

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Speaker 1: whole world, and it is so different from anyone else

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Speaker 1: or people who don't understand people think that Trump's different

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Speaker 1: because of the way he acts or the way he talks. Fine,

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Speaker 1: you could focus on that you like, but this is

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Speaker 1: a major, major positive policy difference that no other president,

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Speaker 1: even the most pro Israel presidents of the past, would

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Speaker 1: have come close to doing.

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Speaker 3: Yeah, you know, a good analogy that just kind of

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Speaker 3: like popped into my head to hear over what Trump

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Speaker 3: kind of did for Israel. It's almost like he handed

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Speaker 3: them the club with a bunch of the different munitions

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Speaker 3: they're using. F thirty five's American Fighter jets, and it's

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Speaker 3: almost like Trump kind of just stuck the team to

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Speaker 3: the ground, put the golf ball right on top of

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Speaker 3: the tee, and handed Israel the club and said, on

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Speaker 3: this day in time, you're welcome to swing it. And

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Speaker 3: the reason I think that is because they still had

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Speaker 3: the negotiations that were scheduled to take place, you know,

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Speaker 3: yesterday over inside of what was it Oman, Jordan or Ohman,

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Speaker 3: I think is where they were scheduled to take place.

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Speaker 3: But it's almost like Oroan got used to that that, Hey,

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Speaker 3: we're going to just kind of pretend like these negotiations

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Speaker 3: aren't anywhere, these talks aren't going to go anywhere. We're

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Speaker 3: going to continue to want to enrich. And so when

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Speaker 3: the Trump admin came out and set up another talk

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Speaker 3: for Sunday, I think that kind of gave everybody over

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Speaker 3: and run this false sense is care that really kind

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Speaker 3: of like teed it up for Israel just knocked out

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Speaker 3: the park.

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Speaker 1: Yeah, you know again, I can't remember the last time

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Speaker 1: people in America voting for president from either side said

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Speaker 1: I'm voting for the status quo. I like everything the

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Speaker 1: way it is. I mean, even when there's a very

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Speaker 1: popular president who the're voting to reelect, like President Reagan

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Speaker 1: two years ago, whenever that you know, the forty one

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Speaker 1: years ago and he was re elected in nineteen eighty four,

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Speaker 1: still people want to change. You're not getting a status

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Speaker 1: quo with this president, and I just people need to

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Speaker 1: understand that now, Matt, I want to tap into your

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Speaker 1: experience as a former law enforcement officer, because they have

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Speaker 1: caught is he is caught the man who they say

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Speaker 1: shot two Minnesota lawmakers and their spouses. Killed two people.

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Speaker 1: Two of them did survive, thankfully. His name is Vance Bolter.

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Speaker 1: They caught him in a rural area in Minnesota. Interesting

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Speaker 1: that he lasted this long. He is quite the resume, Matt.

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Speaker 1: A lot of government appointments, a lot of work that

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Speaker 1: only you can get if you have government connections. But Matt,

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Speaker 1: when I want to talk to you about it, he

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Speaker 1: seems like he was pretty well trained, doesn't he, I mean,

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Speaker 1: carried out a pretty interesting attack as a former law

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Speaker 1: enforcement officer. What stands out to you in this case?

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Speaker 3: So those government appointments and everything else that you're speaking

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Speaker 3: of says at least he is a smart individual for

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Speaker 3: the most part.

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Speaker 1: Like you can look at that.

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Speaker 3: But I've got a saying in that saying is if

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Speaker 3: I can outthink you, I can kill you. And so

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Speaker 3: this to me looks like a very well thought out

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Speaker 3: plan that he ended up putting together, a decently coordinated

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Speaker 3: plan that goes into it and just kind of thinking

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Speaker 3: through the entire situation. It's actually a really simple plan

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Speaker 3: for what was actually carried out.

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Speaker 1: I don't.

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Speaker 3: Sometimes the simplest plans are the best. I hate to

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Speaker 3: say it, but sometimes the simplest plans are the best.

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Speaker 3: And that's looked like a very simple plan that he

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Speaker 3: ended up executing. And those simple plans have very few

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Speaker 3: weak points that allow anything to kind of get leaked

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Speaker 3: or to get out. And so when you have somebody

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Speaker 3: like this, it's just taken upon themselves and it just

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Speaker 3: goes about executing something very by Only he tells me

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Speaker 3: that I don't think there was a huge level sophistication

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Speaker 3: here that people need to be worried about it, that

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Speaker 3: there was a bunch of intelligence that ended up getting

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Speaker 3: thrown the situation. It seems to me like it's just

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Speaker 3: a deranged individual that wasn't happy with the way some

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Speaker 3: things were going and decided to take matters into his

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Speaker 3: own hands.

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Speaker 1: Yeah, and for those of you, and let me just

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Speaker 1: preempt those of you who are saying, well, you shouldn't

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Speaker 1: politicize these murders, these were politically motivated murders. Okay, this

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Speaker 1: is a lot like a school shooting with children involve

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Speaker 1: It doesn't mean that you should absolutely go on the

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Speaker 1: partisan rant about it right away, but this is absolutely

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Speaker 1: a political incident. So for those of you who think

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Speaker 1: we shouldn't politicize these murders, tell that to the shooter. Okay,

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Speaker 1: that was the point there. Finally, Matt, I only have

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Speaker 1: about thirty seconds left, but want to get your positive

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Speaker 1: Let's end on a positive note and get your thoughts

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Speaker 1: on that military parade, the Army parade over the weekend.

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Speaker 1: How did that make you feel? And what do you think?

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Speaker 1: Do you think this could be a tradition we get

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Speaker 1: started in America even post Trump.

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Speaker 3: Yeah, I think it's a tradition that needs to happen.

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Speaker 3: Number One, it was the armyi'est two hundred and fiftieth birthday,

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Speaker 3: which is a huge accompt plishment within itself. It was

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Speaker 3: also flag Day. You know, for people to stand back

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Speaker 3: and say that this shouldn't have happened, or it's Trump

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Speaker 3: celebrating his birthday, I think they need a real awakning.

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Speaker 3: You know, US vets, especially for the global war on terry.

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Speaker 3: You're talking about over twenty year long war. So that alone,

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Speaker 3: within itself, there has never really been a parade or

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Speaker 3: a recognition of that and everything that was going into it.

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Speaker 3: And it's a huge accomplishment for the United States Army.

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Speaker 3: I don't think a lot of people realize like the

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Speaker 3: absolute strain that was put on the military during that

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Speaker 3: time frame, and there was other period you know, soldiers

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Speaker 3: that were also taking place in this recognizing that history

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Speaker 3: and that linearyage of everything that the United States Army

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Speaker 3: had done like throughout that time frame, and I think

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Speaker 3: it's a great thing. I think it's a great celebration.

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Speaker 3: I think it's a great point of pride. Anybody that's

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Speaker 3: saying that this is something that's you know, you know,

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Speaker 3: because Trump loves Putin and everything else. No, this is

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Speaker 3: because he is quite literally proud of the accomplishments and

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Speaker 3: everything that took place. And I am damn proud, and

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Speaker 3: I'm happy to finally see something like this take place

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Speaker 3: in this country.

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Speaker 1: Yeah, too many parts of this country there's just no

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Speaker 1: recognition of veterans and active duty soldiers. I live in

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Speaker 1: one part of the country where you would never know, well,

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Speaker 1: not so much here on Long Island, but certainly in

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Speaker 1: New York City. He would often never know we were

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Speaker 1: at war when we are at war. It shocked me

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Speaker 1: during the Gulf War that you could walk from one

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Speaker 1: head to Manhattan to the other and not know we

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Speaker 1: were at war and that was bad, whether you were

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Speaker 1: in favor of it or not. Matt Sardio, thank you

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Speaker 1: so much for joining us. Have a great rest of

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Speaker 1: your week. We'll see you again soon.

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Speaker 4: Thanks Jrick.

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Speaker 1: All right, coming up, New York City is on the

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Speaker 1: brink as a young anti American candidate is now in

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Speaker 1: the lead in the latest Democratic primary polls in the

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Speaker 1: mayoral race. How could Andrew Cuomo, as flawed as he is,

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Speaker 1: be losing to this guy? And behold, this is the

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Speaker 1: future of the anti Trump resistance. Well, if by the

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Speaker 1: future you mean maybe until next Wednesday. I'll take a

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Speaker 1: closer look at those No Kings protests and the media

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Speaker 1: spin on them when American's Sunrise early edition comes right back.

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Speaker 1: You're looking at Tel Aviv right now, Skies are calm

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Speaker 1: over Tel Aviv. As you know, Israel has taken a

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Speaker 1: number of Iranian missile attacks. Random missile attacks aimed at civilians,

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Speaker 1: you know the deal. I don't mean to make light

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Speaker 1: of it, but considering the hundreds of missiles and drones

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Speaker 1: that Iran has sent over to Israel randomly, I'm looking

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Speaker 1: at a maximum of the twenty four deaths on the

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Speaker 1: Israeli side. Again, not to underscore that, not to undermine

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Speaker 1: that at all, undercount it and all that, but considering

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Speaker 1: what's happening to the Iranian leadership, you know, that helps

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Speaker 1: you put that into perspective. Welcome back to American Sunrise

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Speaker 1: early edition. I'm Jake Novak Special. Welcome to those of

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Speaker 1: you who are watching and commenting on Getter and Rumble,

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Speaker 1: you know, anti Trump forces. We're hoping that there are

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Speaker 1: no kings protests across the country on Saturday. Would we

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Speaker 1: dominate the news, But with the attacks on Iran and

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Speaker 1: the Minnesota shooter manhunt, the best they got was a

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Speaker 1: very distant third in line in the news. Of course,

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Speaker 1: there was still a big mainstream media effort to make

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Speaker 1: it sound like this was the biggest protest event ever

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Speaker 1: spanning the generations. A couple of things. Everyone I spoke

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Speaker 1: to who observed these marches up close said the overwhelming

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Speaker 1: demographic was well over sixty five years old. Again, not

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Speaker 1: to undermine or to basically throw cold water on everyone

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Speaker 1: elderly who protests. That's certainly allowed, and that's nice, but honestly,

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Speaker 1: that certainly doesn't tell you much about a future movement

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Speaker 1: in America. And second, I'm hearing that a lot of

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Speaker 1: Antifa and other violent troublemakers were dispersed in those crowds,

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Speaker 1: using the elderly people basically as a shield. So it's

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Speaker 1: the same old organizers probably spreading false rumors at President

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Speaker 1: Trump was going to cut Medicare, you know, the whole deal.

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Speaker 1: That's how it gets. It's not happening. And even if

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Speaker 1: their work cuts to Medicare, it's not affecting anyone currently

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Speaker 1: on medicare. Get it all right. Another big story that's

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Speaker 1: been a bit buried under bigger events lately is what's

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Speaker 1: going on in New York City, where former Governor Andrew

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Speaker 1: CMO's big lead in the Democratic mayoral primary has disappeared.

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Speaker 1: In those polls, he's now behind in some surveys to

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Speaker 1: political novice Zorn Mandani, who openly is calling for communist

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Speaker 1: policies like government run and own grocery stores. So that

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Speaker 1: sounds great waiting in line for six weeks for potato,

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Speaker 1: and he's also saying he's going to freeze the red Yeah,

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Speaker 1: that's not something you can do. Mamdani is also proudly

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Speaker 1: opposed to the very idea of Israel, what a honey.

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Speaker 1: But Cuomo doesn't seem to know how to take advantage

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Speaker 1: of any of these facts. Here's one example. Here's Cuomo's

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Speaker 1: ex post about the Iranian attacks on Israel yesterday. Quote

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Speaker 1: Israeli civilians are under attack and in fear for their

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Speaker 1: lives as a result of the Iranian missile attacks. Iran

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Speaker 1: is bent on its destruction and has been causing fear

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Speaker 1: and terror for too long. Okay, Andrew, that's all fine,

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Speaker 1: But honestly, is there not one person, not one advisor

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Speaker 1: to Couloma to tell him that he should have added

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Speaker 1: the following statements? Couldn't he have also said, Hey, by

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Speaker 1: the way, while Iran is doing this, my opponent in

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Speaker 1: this race is likely cheerleading the killing of Israeli people

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Speaker 1: and civilians. Now does that sound too harsh to you?

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Speaker 1: We do not want Colomo to say that about Zoron Mamdani.

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Speaker 1: Too bad. Cuomo's in big trouble. He had a big

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Speaker 1: lead and he's lost it completely. The momentum is completely

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Speaker 1: against him. Early voting has started and New York City

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Speaker 1: is going to be in serious, serious trouble if this

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Speaker 1: madman Mandanni wins. You have to take the gloves off.

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Speaker 1: You have millions of New Yorkers, literally millions of New

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Speaker 1: Yorkers who are worried about what's going on in Israel.

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Speaker 1: They're almost all registered Democrat, and Cuomo is still not

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Speaker 1: willing to take the gloves off and say the truth

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Speaker 1: about Mamdanni. It's just incredible, all right. We are days

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Speaker 1: away from what has been dubbed the Rio reset. That's

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Speaker 1: the greatest threat to the US dollars global dominance in

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Speaker 1: over eighty years. On July six, bricks nations that's Russia, China, India,

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Speaker 1: Iran and many more are expected to unveil their plans

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Speaker 1: to circumvent the US dollar, thus cratering its value. They've

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Speaker 1: already been laying the groundwork, as their central banks have

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Speaker 1: been methodically divesting from the US dollar and US bonds

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Speaker 1: in favor of gold. How can you protect your gold

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Speaker 1: or four to one k from the fallout from this

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Speaker 1: eight ninety eight. Ninety eight July six marks a monumental

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Speaker 1: shift happening among nations that control one third of the

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Speaker 1: world's GDP. Arm yourself with information to diversify your retirement savings.

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Speaker 1: Coming up. How will the new attacks in Iran and

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Speaker 1: Israel affect your wallet and gas prices? Of an update

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Speaker 1: when American Sunrise Early edition returns in two minutes. Again,

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Speaker 1: we're keeping at a close eye on the skies above

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Speaker 1: Tel Aviv. Again seemed to be calm this morning, beautiful

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Speaker 1: day in tel Aviv, as the war with the Iran

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Speaker 1: continues and Iran's random attacks on civilians and places like

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Speaker 1: Tel Aviv continues. Now, I want you to take a

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Speaker 1: look at where the markets will begin today, or at

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Speaker 1: least where they are right now in the futures markets,

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Speaker 1: and you might be surprised to see all those green arrows.

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Speaker 1: Look at that out up one hundred and seventy Now

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Speaker 1: the Dow lost between about seven hundred points or so

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Speaker 1: on Friday. Again, when these kinds of wars start, it

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Speaker 1: definitely throws some fear into the markets. But I also

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Speaker 1: want you to take a look at crude oil. Now

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Speaker 1: it's up to the seventy level. It's been a long

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Speaker 1: time since we've seen it a seven handle on crude oil,

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Speaker 1: but it's down today, which is very very interesting. Again,

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Speaker 1: investors really looking at this and seeing that will happen

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Speaker 1: over the weekend. They feel pretty confident that this is

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Speaker 1: going to end pretty soon, where they're not thinking about

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Speaker 1: this being certainly a World War three or a major,

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Speaker 1: major disruptive event for oil. And I want to remind

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Speaker 1: everybody crude oil here in the United States was trading

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Speaker 1: at more than ninety dollars a barrel but on October six,

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Speaker 1: twenty twenty three, so we are still way down from

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Speaker 1: where we were on October seven. Just remember that. Stick

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Speaker 1: a look at bitcoin and see if it's responding in

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Speaker 1: a similar way, and it is up. But again, boy,

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Speaker 1: it's been stuck between one oh four and one hundred

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Speaker 1: and ten thousand for a few weeks now and we're

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Speaker 1: still in that range. All right. Another big market event

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Speaker 1: this week is the latest FED meeting that's coming up.

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Speaker 1: For those of you with your interest rates on your mind,

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Speaker 1: Chairman J. Powell and the FED Committee will decide whether

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Speaker 1: to cut interest rates, and they'll be doing that in

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Speaker 1: the shadow of a number of recent reports showing that

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Speaker 1: inflation is a lot tamer than expected. We got the

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Speaker 1: producer price Index that showed that whostsale inflation was tamer

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Speaker 1: than expected. A day after last week, we got consumer

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Speaker 1: price Index showing that inflation is tamer than expected. And

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Speaker 1: of course after those reports, President Trump continued to attack J.

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Speaker 1: Powell to say that he's really been slow and lowering

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Speaker 1: interest rates. Folks. I don't think he's going to lower

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Speaker 1: interest rates this week either, So if you're holding out

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Speaker 1: hope for that, probably not going to happen. But it's

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Speaker 1: been very interesting to see that our prices at the

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Speaker 1: store and the prices for businesses so far overall. Again,

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Speaker 1: some people have seen this, but overall, we're not seeing

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Speaker 1: an average increase, even in light of the tariffs. Like

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Speaker 1: every experts hold this was going to happen in April.

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Speaker 1: So now April has passed, May has passed and we're

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Speaker 1: not seeing it yet, And maybe that will give the

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Speaker 1: Fed an excuse to cut rates eventually, but I don't

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Speaker 1: think it's going to happen this week. Now here's a

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Speaker 1: major story you may have already forgotten about, even though

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Speaker 1: it was just four days ago that big Air India

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Speaker 1: crash that left hundreds dead. Do you remember that, Yeah,

434
00:22:13,320 --> 00:22:15,280
Speaker 1: that was a huge story just before all this other

435
00:22:15,280 --> 00:22:18,960
Speaker 1: stuff happened. Now, the investigation in how the Boeing seven

436
00:22:19,000 --> 00:22:22,119
Speaker 1: eighty seven Dreamliner crashed, it's well under way, of course.

437
00:22:22,560 --> 00:22:25,320
Speaker 1: But now India says that all the seven eighty sevens

438
00:22:25,320 --> 00:22:28,800
Speaker 1: in the country are going through major inspections. But you

439
00:22:28,880 --> 00:22:32,360
Speaker 1: have to believe most experts are betting that Boeing right

440
00:22:32,400 --> 00:22:36,560
Speaker 1: now is not I repeat, not primarily at fault here. Now,

441
00:22:36,560 --> 00:22:39,679
Speaker 1: why do I think that? Because Boeing shares are still

442
00:22:39,680 --> 00:22:42,879
Speaker 1: more than sixty percent higher than where they were trading

443
00:22:43,000 --> 00:22:46,360
Speaker 1: less than two months ago. If the investors really thought

444
00:22:46,440 --> 00:22:48,840
Speaker 1: this was a structural issue with Boeing, that it was

445
00:22:48,840 --> 00:22:52,320
Speaker 1: Boeing's fault primarily, that stock would be in the toilet

446
00:22:52,400 --> 00:22:55,600
Speaker 1: well below where it was in early April. Instead, it's

447
00:22:55,640 --> 00:22:58,240
Speaker 1: still well above that. So again, if I have to

448
00:22:58,280 --> 00:23:01,800
Speaker 1: make a guess, this is something not involving Boeing, not

449
00:23:01,840 --> 00:23:04,160
Speaker 1: even involving some of the other companies that help make

450
00:23:04,200 --> 00:23:07,520
Speaker 1: that jet that's just my guess. All right, any day now,

451
00:23:08,280 --> 00:23:11,399
Speaker 1: workers at Fenway Park could go on strike. Can you

452
00:23:11,440 --> 00:23:16,280
Speaker 1: believe it? The union representing the ballpark's concession employees overwhelmingly

453
00:23:16,359 --> 00:23:20,280
Speaker 1: voted to a really authoriz a walkout yesterday, and now

454
00:23:20,280 --> 00:23:22,280
Speaker 1: it could begin at any time. But the thing is,

455
00:23:22,359 --> 00:23:24,880
Speaker 1: I checked the schedule. The Red Sox don't have their

456
00:23:24,880 --> 00:23:27,919
Speaker 1: next home game until June twenty seventh, so they've got

457
00:23:28,200 --> 00:23:30,560
Speaker 1: what is it, I guess, twelve days or eleven days

458
00:23:30,680 --> 00:23:33,159
Speaker 1: to get this resolve before people have to watch the

459
00:23:33,240 --> 00:23:35,360
Speaker 1: Sox sober socks. Have them been that great this year

460
00:23:35,359 --> 00:23:36,960
Speaker 1: that they had a good weekend against the Yankees? We

461
00:23:37,000 --> 00:23:44,040
Speaker 1: have to admit that now the strike would include beer sellers, cashiers, cooks, runners, servers,

462
00:23:44,040 --> 00:23:48,240
Speaker 1: souvenir vendors, utility workers, warehouse attendants, and others. That would

463
00:23:48,240 --> 00:23:49,639
Speaker 1: be a rough thing to have to watch a baseball

464
00:23:49,680 --> 00:23:52,240
Speaker 1: game with none of those things. All right, ladies and gentlemen,

465
00:23:52,440 --> 00:24:08,760
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466
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467
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473
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Speaker 1: Tea for twenty five percent off your first order. It

474
00:24:38,040 --> 00:24:40,360
Speaker 1: feels like a lot of big stories have fallen under

475
00:24:40,400 --> 00:24:42,400
Speaker 1: the radar in the last few days, that's for sure.

476
00:24:42,400 --> 00:24:44,639
Speaker 1: But here's one really big one when it comes to

477
00:24:44,680 --> 00:24:48,399
Speaker 1: everyday life in America. President Trump moved to end the

478
00:24:48,480 --> 00:24:53,119
Speaker 1: draconian emissions and anti gas powered rules imposed by the

479
00:24:53,160 --> 00:24:56,760
Speaker 1: state of California late last week. That's what President Trump did.

480
00:24:56,920 --> 00:24:58,040
Speaker 1: Here's how he explained it.

481
00:24:58,760 --> 00:25:01,880
Speaker 5: But in a few moments signed three pieces of legislation

482
00:25:02,040 --> 00:25:04,119
Speaker 5: that will kill totally killed.

483
00:25:04,119 --> 00:25:05,480
Speaker 2: They can't do anything about it.

484
00:25:06,000 --> 00:25:08,080
Speaker 5: They can't take us to court, they can't do any

485
00:25:08,080 --> 00:25:10,639
Speaker 5: of the things they can do with the executive orders,

486
00:25:11,480 --> 00:25:15,240
Speaker 5: and it's permanent. Signed three pieces of legislation that will

487
00:25:15,320 --> 00:25:20,560
Speaker 5: kill the California mandates forever, and they're never coming back.

488
00:25:20,680 --> 00:25:20,840
Speaker 4: Now.

489
00:25:20,840 --> 00:25:23,120
Speaker 5: The auto companies are the most happy because now they're

490
00:25:23,119 --> 00:25:26,440
Speaker 5: going to be designing and building one auto, it will

491
00:25:26,480 --> 00:25:31,000
Speaker 5: be much cheaper. It's a much less expensive. They were

492
00:25:31,040 --> 00:25:34,119
Speaker 5: showing me, one of the most respected people was showing

493
00:25:34,160 --> 00:25:37,720
Speaker 5: me that to save a little like a half a

494
00:25:37,760 --> 00:25:42,160
Speaker 5: glass of fuel cost them thousands of dollars with new

495
00:25:42,200 --> 00:25:45,000
Speaker 5: computers and stop it. The engine has to stop and

496
00:25:45,040 --> 00:25:47,840
Speaker 5: then turn on and blah blah blah. And I said,

497
00:25:47,840 --> 00:25:51,160
Speaker 5: does it work as well? Now, it's terrible. It's terrible.

498
00:25:51,240 --> 00:25:52,840
Speaker 5: And that's to save a little bit of fear this

499
00:25:52,960 --> 00:25:57,600
Speaker 5: much fuel that Chris Wright can produce with one extra

500
00:25:57,920 --> 00:26:01,480
Speaker 5: little oil well someplace right, one little his small one,

501
00:26:01,520 --> 00:26:04,280
Speaker 5: a very small one. But think of it, your cars

502
00:26:04,280 --> 00:26:06,200
Speaker 5: are going to question you three thousand and four thousand

503
00:26:06,280 --> 00:26:09,560
Speaker 5: dollars less and you're gonna have what you want.

504
00:26:12,440 --> 00:26:15,040
Speaker 1: Again, this isn't just about California. Had those rules gone

505
00:26:15,080 --> 00:26:18,240
Speaker 1: into effect, other states would have likely been forced to

506
00:26:18,280 --> 00:26:21,800
Speaker 1: follow suit. With those California rules. That saves the auto

507
00:26:21,880 --> 00:26:24,920
Speaker 1: industry and consumers a lot of money. Cars are getting

508
00:26:24,920 --> 00:26:27,040
Speaker 1: cleaner all the time. Don't worry. We're not making things

509
00:26:27,040 --> 00:26:30,080
Speaker 1: more dirty. We're just making things more realistic, all right.

510
00:26:30,119 --> 00:26:34,280
Speaker 1: Remember that super cheap electronic truck electric truck by a

511
00:26:34,280 --> 00:26:37,160
Speaker 1: company called slate that I first showed you late last month.

512
00:26:37,440 --> 00:26:39,520
Speaker 1: I guess was early last month. Actually, that's the one

513
00:26:39,520 --> 00:26:42,359
Speaker 1: with the crank windows and no other frills and a

514
00:26:42,400 --> 00:26:45,159
Speaker 1: starting price of twenty thousand dollars. Well, the head of

515
00:26:45,240 --> 00:26:48,280
Speaker 1: Dodge's Ram Truck's division is throwing cold water on the

516
00:26:48,280 --> 00:26:52,600
Speaker 1: whole thing. Ram's Tim Kanniskus says that Dodge has thought

517
00:26:52,640 --> 00:26:55,720
Speaker 1: about making a super cheap truck like that many times,

518
00:26:56,280 --> 00:26:59,040
Speaker 1: but in the end, the research at Dodge showed that

519
00:26:59,080 --> 00:27:02,680
Speaker 1: customers would quit ditch the big savings for more options

520
00:27:02,720 --> 00:27:04,960
Speaker 1: and comfort. In the end, well, we're about to find

521
00:27:04,960 --> 00:27:07,359
Speaker 1: out if he was right. By the way, Slate is

522
00:27:07,359 --> 00:27:10,680
Speaker 1: backed by Amazon founder Jeff Bezos, so it might still work.

523
00:27:10,720 --> 00:27:12,480
Speaker 1: We'll see. He's a winner, you know that, at least

524
00:27:12,480 --> 00:27:15,959
Speaker 1: financially he is. With the shine coming off of electric

525
00:27:16,040 --> 00:27:19,080
Speaker 1: vehicles nowadays, some folks are going back to the drawing

526
00:27:19,080 --> 00:27:21,920
Speaker 1: board when it comes to alternative power. One idea that's

527
00:27:21,920 --> 00:27:23,639
Speaker 1: making a comeback. I haven't seen this in more than

528
00:27:23,680 --> 00:27:27,720
Speaker 1: twenty years is hydrogen power, and Toyota is really taking

529
00:27:27,720 --> 00:27:30,720
Speaker 1: a stab at that. At the highest level of performance.

530
00:27:31,000 --> 00:27:34,040
Speaker 1: This is the gr LH two racing concept car, and

531
00:27:34,080 --> 00:27:36,760
Speaker 1: it just made its first appearance at Lamon's, showing off

532
00:27:36,800 --> 00:27:39,920
Speaker 1: a more aggressive look and a hybrid power train running

533
00:27:39,920 --> 00:27:43,520
Speaker 1: on you guessed it, hydrogen as well as a usual gasoline.

534
00:27:43,640 --> 00:27:47,280
Speaker 1: Toyota did well at Laman's this weekend, but the endurance event,

535
00:27:47,359 --> 00:27:49,520
Speaker 1: by the way, was won by Ferrari. But still Toyota

536
00:27:49,560 --> 00:27:52,960
Speaker 1: did well with this car, so keep your eye on hydrogen. Now,

537
00:27:53,000 --> 00:27:55,760
Speaker 1: if the wildest thing you've ever done at a wedding

538
00:27:55,760 --> 00:27:58,280
Speaker 1: party is the chicken dance, then maybe you should get

539
00:27:58,320 --> 00:28:01,080
Speaker 1: on these people's guest lists. Yes, this is you're about

540
00:28:01,119 --> 00:28:03,719
Speaker 1: to see video of a wedding party that got out

541
00:28:03,760 --> 00:28:06,480
Speaker 1: of hand as the celebrates took to the streets with

542
00:28:06,600 --> 00:28:09,680
Speaker 1: pricey sports cars and guns. By the way, that's everyone's

543
00:28:09,680 --> 00:28:13,480
Speaker 1: favorite combo. Hassan Robot of Detroit is seen shooting a

544
00:28:13,600 --> 00:28:16,240
Speaker 1: gun in the air from the passenger side of a

545
00:28:16,240 --> 00:28:19,680
Speaker 1: purple Lamborghini on the streets of Dearborn. Now, no one

546
00:28:19,760 --> 00:28:23,719
Speaker 1: was hurt, but Rabot was arrested and the lambeau wasn't pounded. Now,

547
00:28:23,800 --> 00:28:25,600
Speaker 1: let that be a lesson to you, and that lesson

548
00:28:25,880 --> 00:28:29,080
Speaker 1: is never choose a lambeau that clashes with your wedding tucks.

549
00:28:29,080 --> 00:28:31,520
Speaker 1: I kid, I kid, Actually stop shooting guns outside of

550
00:28:31,560 --> 00:28:35,440
Speaker 1: cars even if they are there is unbelievable. Okay, coming up,

551
00:28:35,520 --> 00:28:37,440
Speaker 1: we're gonna take a much closer look at how your

552
00:28:37,520 --> 00:28:40,880
Speaker 1: finances might be in the crossairs of the Israel Iran

553
00:28:41,000 --> 00:28:43,440
Speaker 1: war and how does that affect goal prices. By the way,

554
00:28:43,680 --> 00:29:00,920
Speaker 1: American Sunrise Early edition, We'll be right back. It's Monday,

555
00:29:01,000 --> 00:29:04,960
Speaker 1: June sixteenth. Here this morning's top stories. Every hour Israel

556
00:29:05,000 --> 00:29:08,160
Speaker 1: takes out another key Iranian target. What you see here

557
00:29:08,400 --> 00:29:12,960
Speaker 1: is or was the Iranian Intelligence Ministry. It's gone. Israel

558
00:29:13,000 --> 00:29:15,360
Speaker 1: says these attacks will ask for about two weeks total,

559
00:29:15,720 --> 00:29:18,160
Speaker 1: but at this rate can the Mullas regime even last

560
00:29:18,200 --> 00:29:24,160
Speaker 1: that long? In Minnesota, the manhunt is over. Police late

561
00:29:24,240 --> 00:29:27,480
Speaker 1: last night get the man suspected of murdering one state

562
00:29:27,560 --> 00:29:30,960
Speaker 1: lawmaker and shooting another. Now they continue to uncover more

563
00:29:30,960 --> 00:29:35,840
Speaker 1: evidence about the suspects. Unusual, shall we say pass The

564
00:29:35,960 --> 00:29:39,520
Speaker 1: overseas news and the shootings this weekend very much overshadowed

565
00:29:39,520 --> 00:29:42,480
Speaker 1: the big anti Trump no Kings protests across the country,

566
00:29:43,040 --> 00:29:45,680
Speaker 1: but most observers report they were heavily attended by people

567
00:29:45,720 --> 00:29:49,560
Speaker 1: who were shall we stay past their prime? Is this

568
00:29:49,600 --> 00:29:51,920
Speaker 1: the beginning of a resistance movement or the end of it,

569
00:29:53,960 --> 00:29:55,880
Speaker 1: and the stock markets are about to open in just

570
00:29:56,000 --> 00:29:58,200
Speaker 1: under two hours. How will your four oh one k

571
00:29:58,400 --> 00:30:02,400
Speaker 1: be affected by that? Israel Ron war? American Sunrise Early

572
00:30:02,560 --> 00:30:11,680
Speaker 1: Edition continues. Now, welcome back to American Sunrise Early Edition.

573
00:30:11,720 --> 00:30:13,560
Speaker 1: It's a Monday. I'm Jake Novac. Thank you so much

574
00:30:13,600 --> 00:30:15,840
Speaker 1: for joining us. Thank you especially for joining us on

575
00:30:15,880 --> 00:30:19,240
Speaker 1: the platforms Getter and Rumble, where you also get to comment.

576
00:30:19,600 --> 00:30:22,920
Speaker 1: The passive exercise that the American news media was telling

577
00:30:22,960 --> 00:30:25,480
Speaker 1: you to participate in for years and just sit there

578
00:30:25,480 --> 00:30:27,920
Speaker 1: passively in news is over. We like the fact that

579
00:30:27,960 --> 00:30:30,280
Speaker 1: you comment, even when you criticize us, including me. I

580
00:30:30,320 --> 00:30:32,640
Speaker 1: can take it. Don't worry. I've had worse, so thank

581
00:30:32,680 --> 00:30:35,640
Speaker 1: you so much for that, and thank you for participating again.

582
00:30:35,720 --> 00:30:38,760
Speaker 1: It has been an incredibly eventful weekend since the last

583
00:30:38,760 --> 00:30:41,320
Speaker 1: time I spoke to you on this program and joining

584
00:30:41,360 --> 00:30:43,400
Speaker 1: me to help me navigate through so much of it.

585
00:30:43,440 --> 00:30:45,920
Speaker 1: As Andy Sheckman, he's the founder and CEO of Miles

586
00:30:45,960 --> 00:30:48,960
Speaker 1: Franklin Precious Medals, and Andy, you know I have a

587
00:30:49,000 --> 00:30:51,239
Speaker 1: friend named Charlie Gasprino. He's a reporter at the New

588
00:30:51,320 --> 00:30:53,800
Speaker 1: York post, really good business supporter. He used to work

589
00:30:53,800 --> 00:30:55,600
Speaker 1: in the same building with him. The way he used

590
00:30:55,640 --> 00:30:57,640
Speaker 1: to get on the phone and Bret sources who were

591
00:30:57,640 --> 00:31:00,160
Speaker 1: being namby Pamby, with him not really giving him the

592
00:31:00,160 --> 00:31:02,240
Speaker 1: news was a thing to behold, even though I was

593
00:31:02,240 --> 00:31:04,120
Speaker 1: like two doors down, you could hear him really shouting

594
00:31:04,120 --> 00:31:06,080
Speaker 1: at the sourses. He's a tough guy, but a good

595
00:31:06,080 --> 00:31:08,440
Speaker 1: guy anyway. He's got a post. He wrote this in

596
00:31:08,480 --> 00:31:11,000
Speaker 1: The New York Post this weekend. He talked about how

597
00:31:11,040 --> 00:31:14,560
Speaker 1: Wall Street is indeed concerned about the Iran wa war,

598
00:31:15,080 --> 00:31:18,680
Speaker 1: Iran Israel war, but they're not panicking a boy. It

599
00:31:18,680 --> 00:31:19,960
Speaker 1: seems that way. If you take a look at the

600
00:31:20,000 --> 00:31:22,040
Speaker 1: futures this morning, looks like we're gonna have a little

601
00:31:22,080 --> 00:31:23,840
Speaker 1: bit of a rebound. Andy, Do you see it that

602
00:31:23,960 --> 00:31:27,000
Speaker 1: same way, that it's certainly a concern, but not worth

603
00:31:27,040 --> 00:31:28,360
Speaker 1: putting money under the mattress over?

604
00:31:30,600 --> 00:31:33,440
Speaker 4: Well? Yeah, I mean I think that at least right now.

605
00:31:33,520 --> 00:31:38,880
Speaker 4: I mean I am I am no expert on military,

606
00:31:39,000 --> 00:31:41,520
Speaker 4: but I would say, at least at this point, right now,

607
00:31:42,080 --> 00:31:45,440
Speaker 4: it strikes me as encouraging, Jake that no other Arab

608
00:31:45,480 --> 00:31:48,040
Speaker 4: country has come running to take Iran's side at least

609
00:31:48,040 --> 00:31:50,280
Speaker 4: not in terms of the actual fighting and drawing more

610
00:31:50,320 --> 00:31:54,120
Speaker 4: countries into this dispute could be very, very bad, of course,

611
00:31:54,160 --> 00:31:58,080
Speaker 4: greatly increasing increasing the scope of the negative outcome. So

612
00:31:58,120 --> 00:32:00,840
Speaker 4: at this point, right now, yes, I don't think there's

613
00:32:00,880 --> 00:32:04,560
Speaker 4: anything to panic about. But you know, looking at the

614
00:32:04,600 --> 00:32:07,720
Speaker 4: markets in and of themselves, I think the bigger issue

615
00:32:07,760 --> 00:32:11,560
Speaker 4: is that institutional investors have been dumping stocks almost every

616
00:32:11,560 --> 00:32:15,360
Speaker 4: week all of twenty twenty five, and in fact, in

617
00:32:15,400 --> 00:32:18,360
Speaker 4: the first week of June, professional investors sold four point

618
00:32:18,440 --> 00:32:21,440
Speaker 4: two billion in US equities and their four week average

619
00:32:21,480 --> 00:32:24,360
Speaker 4: has averaged over two billion in sales. In other words,

620
00:32:24,400 --> 00:32:27,840
Speaker 4: they continue to dump stocks at the same time the

621
00:32:27,920 --> 00:32:31,440
Speaker 4: retail investor has never ever ever held more stocks. In fact,

622
00:32:31,480 --> 00:32:35,440
Speaker 4: it's a record fifty three percent. US households are holding

623
00:32:35,520 --> 00:32:38,960
Speaker 4: fifty three percent through mutual funds, pension funds, et cetera.

624
00:32:40,080 --> 00:32:41,720
Speaker 4: That to me is the bigger issue.

625
00:32:43,200 --> 00:32:45,320
Speaker 1: Yeah, again, again we're going to take a look at

626
00:32:45,360 --> 00:32:47,680
Speaker 1: the futures just for now, though again I think that

627
00:32:47,680 --> 00:32:49,960
Speaker 1: that's a larger trend. But I don't want people to

628
00:32:50,000 --> 00:32:51,960
Speaker 1: miss the what's going to happen today. I was telling

629
00:32:51,960 --> 00:32:54,440
Speaker 1: you off air one of the great things about reporting

630
00:32:54,760 --> 00:32:56,760
Speaker 1: on business news and sports news. They have two thinks,

631
00:32:56,760 --> 00:32:59,160
Speaker 1: they have something very important in common. The facts are

632
00:32:59,280 --> 00:33:01,280
Speaker 1: very very clear. You don't have to go and turn

633
00:33:01,360 --> 00:33:03,160
Speaker 1: on CNN and then have to watch Fox and then

634
00:33:03,200 --> 00:33:05,680
Speaker 1: Real America's Voice to find out what the real truth is.

635
00:33:05,880 --> 00:33:08,200
Speaker 1: This is the number and that's it. You know, either

636
00:33:08,240 --> 00:33:11,480
Speaker 1: the Mets beat, the haven't made devil rays or they didn't.

637
00:33:11,560 --> 00:33:13,080
Speaker 1: Where stocks are going to be up right now or

638
00:33:13,080 --> 00:33:15,280
Speaker 1: they're not. And you see those numbers. But your point

639
00:33:15,280 --> 00:33:18,000
Speaker 1: about an overall trend where the people so called the

640
00:33:18,040 --> 00:33:22,160
Speaker 1: smart money is dumping stocks, that's definitely, definitely concerning. Now

641
00:33:22,200 --> 00:33:25,640
Speaker 1: let's move to your sweet spot here, which is precious metals. Now,

642
00:33:25,680 --> 00:33:28,760
Speaker 1: gold is usually a great bet in times of world

643
00:33:28,800 --> 00:33:31,440
Speaker 1: of people, and now gold's been basically at that ceiling,

644
00:33:31,480 --> 00:33:33,560
Speaker 1: at that all time high for a few weeks right now,

645
00:33:33,880 --> 00:33:36,240
Speaker 1: What should investors know about that right now? Andy?

646
00:33:37,440 --> 00:33:40,200
Speaker 4: As regard to your point, it's return stellar returns this

647
00:33:40,320 --> 00:33:44,000
Speaker 4: year thirty one percent year to date, Goldman Sacks has

648
00:33:44,040 --> 00:33:49,640
Speaker 4: been even before the dispute in Middle East. Golden Sacks

649
00:33:49,680 --> 00:33:53,480
Speaker 4: reiterated just recently it's forecasts that they're talking about thirty

650
00:33:53,480 --> 00:33:57,440
Speaker 4: seven hundred by year end, and maybe as much as

651
00:33:57,440 --> 00:34:02,120
Speaker 4: four thousand if things start to heat up. Bank of

652
00:34:02,160 --> 00:34:04,520
Speaker 4: America sees a clear path of four thousand as well

653
00:34:04,560 --> 00:34:07,800
Speaker 4: within the next twelve months, in independent of what's happening

654
00:34:07,840 --> 00:34:09,480
Speaker 4: in the Middle East. But yeah, I have tensions in

655
00:34:09,520 --> 00:34:14,399
Speaker 4: the Middle East escalade further. I guess you could say,

656
00:34:15,120 --> 00:34:17,239
Speaker 4: you know, bringing in more safe haven buying. Yeah, the

657
00:34:17,480 --> 00:34:21,880
Speaker 4: sky's the limit for gold. I think that, you know,

658
00:34:21,960 --> 00:34:25,080
Speaker 4: looking at gold near its all time highs is missing

659
00:34:25,120 --> 00:34:27,200
Speaker 4: the point. This is a trend that's been going on

660
00:34:27,360 --> 00:34:30,399
Speaker 4: now literally since two thousand. For the last twenty five years,

661
00:34:30,440 --> 00:34:33,480
Speaker 4: gold has averaged almost exactly ten percent per year, nine

662
00:34:33,520 --> 00:34:36,440
Speaker 4: point nine percent. This is a trend that will only

663
00:34:36,520 --> 00:34:39,320
Speaker 4: accelerate if we see tensions in the Middle East accelerate.

664
00:34:40,560 --> 00:34:42,160
Speaker 1: Yeah, you know, it's funny that you say that since

665
00:34:42,200 --> 00:34:45,320
Speaker 1: two thousand. I got into the news business in nineteen

666
00:34:45,400 --> 00:34:47,440
Speaker 1: ninety four, doing local news for six years, but I

667
00:34:47,440 --> 00:34:50,919
Speaker 1: got into financial news, national financial news after doing local

668
00:34:50,960 --> 00:34:53,640
Speaker 1: news for a while in the year two thousand and

669
00:34:53,680 --> 00:34:57,040
Speaker 1: I remember gold was at four hundred and ounce when

670
00:34:57,040 --> 00:34:58,960
Speaker 1: I first got into the financial news, and I know

671
00:34:59,000 --> 00:35:01,200
Speaker 1: that was twenty five years ago, but my goodness, it's

672
00:35:01,239 --> 00:35:03,080
Speaker 1: almost at four thousand now, so it just gives you

673
00:35:03,160 --> 00:35:04,279
Speaker 1: an idea of well.

674
00:35:04,440 --> 00:35:08,839
Speaker 4: Think about this two years later, in two thousand and two,

675
00:35:08,880 --> 00:35:11,719
Speaker 4: gold was two fifty two and then made its way up,

676
00:35:11,840 --> 00:35:14,120
Speaker 4: averaging almost ten percent per year. So yeah, it's a

677
00:35:14,120 --> 00:35:16,880
Speaker 4: trend that will only increase if we see more tensions

678
00:35:16,880 --> 00:35:18,280
Speaker 4: heat up in the Middle East.

679
00:35:19,360 --> 00:35:21,440
Speaker 1: Yeah, it's and it's been a little less. I mean,

680
00:35:21,719 --> 00:35:24,600
Speaker 1: I'm not saying it's not a volatile thing sometimes, but

681
00:35:24,680 --> 00:35:27,120
Speaker 1: it feels like when I was a young boy, it

682
00:35:27,200 --> 00:35:29,480
Speaker 1: was much more volatile on a percentage basis. It is

683
00:35:29,480 --> 00:35:32,200
Speaker 1: a little bit of a different type of investment. Now, Andy,

684
00:35:32,239 --> 00:35:34,560
Speaker 1: I want to talk about interest rates because you were

685
00:35:34,640 --> 00:35:36,920
Speaker 1: very concerned the last time you joined me on the program.

686
00:35:37,160 --> 00:35:39,400
Speaker 1: You were talking specifically about credit card debt and that

687
00:35:39,440 --> 00:35:41,640
Speaker 1: of course is affected by the interest rates. But we

688
00:35:41,680 --> 00:35:44,560
Speaker 1: have a big FED meeting this week. No one, and

689
00:35:44,600 --> 00:35:47,080
Speaker 1: I mean no one serious expects J. Powell and company

690
00:35:47,080 --> 00:35:49,719
Speaker 1: to slash interest rates this time. But what does that

691
00:35:49,760 --> 00:35:51,560
Speaker 1: mean for the folks at home, Because you know that

692
00:35:51,600 --> 00:35:55,200
Speaker 1: inflation number, we haven't seen that spike yet. Now, you

693
00:35:55,239 --> 00:35:58,040
Speaker 1: talked about your concerned about the tariffs, but so far

694
00:35:58,600 --> 00:36:00,560
Speaker 1: not the and again I'm not saying it's going to happen,

695
00:36:00,600 --> 00:36:03,520
Speaker 1: but April's past May has passed. We haven't seen that

696
00:36:03,520 --> 00:36:05,680
Speaker 1: big spike. Pow is going to get more pressure, but

697
00:36:05,719 --> 00:36:07,320
Speaker 1: he's not going to cut rates this week, is he?

698
00:36:08,719 --> 00:36:11,160
Speaker 4: No. I don't expect. I mean some of the mark

699
00:36:11,280 --> 00:36:12,920
Speaker 4: some of the people in the market are expecting a

700
00:36:12,920 --> 00:36:15,360
Speaker 4: fifty basis point. I don't think that'll happen. I think

701
00:36:16,000 --> 00:36:19,120
Speaker 4: there's a high probability not to or to expect to

702
00:36:19,160 --> 00:36:23,520
Speaker 4: not see any changes whatsoever. The bigger issue is the

703
00:36:23,560 --> 00:36:26,319
Speaker 4: long term bond, which is typically the casualty of war.

704
00:36:26,440 --> 00:36:31,319
Speaker 4: I mean, in times of war and uncertainty, investors will

705
00:36:31,320 --> 00:36:34,719
Speaker 4: shift to a shorter duration bond and forego the uncertainty

706
00:36:34,760 --> 00:36:37,200
Speaker 4: of the long end of the bond market. And naturally,

707
00:36:37,239 --> 00:36:40,120
Speaker 4: the problem that I think is facing the market, it's

708
00:36:40,160 --> 00:36:43,000
Speaker 4: not so much what the federal funds rate is. It's

709
00:36:43,000 --> 00:36:45,719
Speaker 4: more along the lines of the tenure, where more things

710
00:36:45,719 --> 00:36:48,319
Speaker 4: are based off off of the tenure. But you know,

711
00:36:48,360 --> 00:36:51,840
Speaker 4: when we talk about inflation, you know they want us

712
00:36:51,920 --> 00:36:55,320
Speaker 4: to believe that it look it's clearly slowed. Yeah, I agree,

713
00:36:55,320 --> 00:36:57,879
Speaker 4: it's clearly slowed, But they want us to believe that

714
00:36:57,920 --> 00:37:01,640
Speaker 4: inflation isn't a problem anymore to me, Jake. The CPI

715
00:37:01,760 --> 00:37:05,239
Speaker 4: has become kind of like a funhouse mirror. It distorts

716
00:37:05,280 --> 00:37:09,399
Speaker 4: the true cost of living. And we're supposed to believe that,

717
00:37:09,719 --> 00:37:12,680
Speaker 4: you know, inflation is under control, but they tell us

718
00:37:12,680 --> 00:37:15,000
Speaker 4: it's set three percent. But it seems to me, at

719
00:37:15,080 --> 00:37:17,040
Speaker 4: least in my own mind, that you know, rent is up,

720
00:37:17,080 --> 00:37:20,439
Speaker 4: the grocery bill is up, insurance is up. It's it's

721
00:37:20,440 --> 00:37:23,799
Speaker 4: shadowstats dot com people should check out, which is a

722
00:37:23,920 --> 00:37:27,279
Speaker 4: more accurate measure of inflation. So, yes, they want us

723
00:37:27,280 --> 00:37:30,000
Speaker 4: to believe inflation is under control, and I don't expect

724
00:37:30,040 --> 00:37:33,200
Speaker 4: an increase or a decrease in the rates, But in

725
00:37:33,280 --> 00:37:38,040
Speaker 4: my mind inflation isn't under control and will only accelerate. So,

726
00:37:38,480 --> 00:37:40,080
Speaker 4: you know, it's kind of a it's kind of an

727
00:37:40,080 --> 00:37:43,000
Speaker 4: interesting time to say the least. Right now, what do

728
00:37:43,040 --> 00:37:45,279
Speaker 4: we believe are our wallet or.

729
00:37:45,200 --> 00:37:46,120
Speaker 1: Our lying eyes?

730
00:37:46,200 --> 00:37:48,839
Speaker 4: And that's that's the tough one to decipher at this

731
00:37:48,880 --> 00:37:49,760
Speaker 4: point in my mind.

732
00:37:50,960 --> 00:37:53,720
Speaker 1: Yeah, you know, listen and you talk about the distortion

733
00:37:53,880 --> 00:37:57,080
Speaker 1: of the of those numbers, the inflation numbers in this country,

734
00:37:57,120 --> 00:37:59,920
Speaker 1: the official inflation numbers in this country have been distorted

735
00:38:00,200 --> 00:38:02,560
Speaker 1: for a long time. You know, in my lifetime, I

736
00:38:02,560 --> 00:38:05,799
Speaker 1: would actually now say that inflation has taken down for presidents.

737
00:38:06,000 --> 00:38:07,879
Speaker 1: I think it took down Nixon. I know people say

738
00:38:07,880 --> 00:38:10,359
Speaker 1: it's watergate, but watergate doesn't hurt him that much if

739
00:38:10,360 --> 00:38:12,680
Speaker 1: the country has a better economic footing at that time.

740
00:38:12,719 --> 00:38:15,520
Speaker 1: In my opinion, it certainly took down Gerald Ford, It

741
00:38:15,680 --> 00:38:17,879
Speaker 1: certainly took down Jimmy Carter, and I think I had

742
00:38:17,880 --> 00:38:20,040
Speaker 1: a huge part to play in the taking down of

743
00:38:20,120 --> 00:38:23,160
Speaker 1: Joe Biden and Kamala Harris. When inflation is spiking and

744
00:38:23,200 --> 00:38:25,759
Speaker 1: you're the incumbent president, you're losing. And one of the

745
00:38:25,760 --> 00:38:29,440
Speaker 1: things that happened after Carter's ouster was they watered down

746
00:38:29,880 --> 00:38:32,440
Speaker 1: the way that they measured inflation. They started to separate

747
00:38:32,520 --> 00:38:35,640
Speaker 1: out some of those things that really really matter to

748
00:38:35,680 --> 00:38:38,560
Speaker 1: you and me, and they made that number really kind

749
00:38:38,560 --> 00:38:40,799
Speaker 1: of water But they're watering it down even more in

750
00:38:40,840 --> 00:38:42,680
Speaker 1: some ways, aren't they. I mean, it's again you talked

751
00:38:42,680 --> 00:38:45,120
Speaker 1: about that other website, chattis, but it seems to me

752
00:38:45,200 --> 00:38:47,720
Speaker 1: like this is not an accident that those numbers aren't

753
00:38:47,719 --> 00:38:48,520
Speaker 1: exactly accurate.

754
00:38:49,360 --> 00:38:51,800
Speaker 4: Of course, it's not just bad math. It's gas slighting,

755
00:38:51,840 --> 00:38:55,520
Speaker 4: and the real inflation is being felt where you you know,

756
00:38:55,800 --> 00:38:58,440
Speaker 4: were it hurts you the most in your wallet, tuition

757
00:38:58,680 --> 00:39:02,360
Speaker 4: and insurance and food and energy. You know, it's funny

758
00:39:03,480 --> 00:39:06,640
Speaker 4: you mentioned they pull things out. Well, food, energy and

759
00:39:06,680 --> 00:39:11,200
Speaker 4: housing aren't calculated in the metrics, and if something like coffee,

760
00:39:11,239 --> 00:39:14,080
Speaker 4: as it did in last April, got too expensive, they

761
00:39:14,120 --> 00:39:18,160
Speaker 4: substituted out for something like ta these hedonics. And you're right.

762
00:39:18,239 --> 00:39:20,640
Speaker 4: I mean, it's in the vested interest of a country

763
00:39:20,680 --> 00:39:25,319
Speaker 4: massively indebted to make inflation seem more tame, but in

764
00:39:25,480 --> 00:39:28,800
Speaker 4: actuality it's not. And that's in order to continue to

765
00:39:29,320 --> 00:39:32,600
Speaker 4: seek demand for the ten year treasury. So it's an

766
00:39:32,640 --> 00:39:35,840
Speaker 4: interesting phenomenon. I would urge people to go to shadowstats

767
00:39:35,880 --> 00:39:38,759
Speaker 4: dot com and listen to John Williams and look at

768
00:39:38,800 --> 00:39:42,200
Speaker 4: the numbers, as you say, the way they were quoted

769
00:39:42,239 --> 00:39:45,319
Speaker 4: prior to that administration, prior to the Reagan administration. You

770
00:39:45,400 --> 00:39:49,279
Speaker 4: will see that inflation is probably you can add an

771
00:39:49,360 --> 00:39:52,360
Speaker 4: eight to the number, closer to ten or eleven percent

772
00:39:52,600 --> 00:39:54,920
Speaker 4: than the three percent were led to believe. And therefore

773
00:39:55,200 --> 00:39:57,600
Speaker 4: that is why we can, you know, expect to not

774
00:39:57,760 --> 00:40:01,360
Speaker 4: really see much of a change in the federal funds

775
00:40:01,400 --> 00:40:04,040
Speaker 4: rate this Thursday. I think it is Thursday or Friday

776
00:40:04,080 --> 00:40:08,319
Speaker 4: they meet, But I guess we'll see only time we'll tell.

777
00:40:08,320 --> 00:40:10,000
Speaker 4: We'll see what happens with the heating up of this

778
00:40:10,120 --> 00:40:12,360
Speaker 4: war or if it starts to cool down over the

779
00:40:12,360 --> 00:40:13,040
Speaker 4: next several days.

780
00:40:14,280 --> 00:40:17,000
Speaker 1: Yeah, all right, well, thank you so Andy Sheckman, founder

781
00:40:17,040 --> 00:40:21,360
Speaker 1: and CEO of Miles Franklin Precious Metals, really really appreciate

782
00:40:21,360 --> 00:40:23,879
Speaker 1: your joining us. A lot of insight, some good news,

783
00:40:23,960 --> 00:40:25,840
Speaker 1: some bad news, but it's always great to have you

784
00:40:25,840 --> 00:40:26,879
Speaker 1: and have a great rest of your week.

785
00:40:26,880 --> 00:40:29,520
Speaker 4: Thank you so much, Andy, you as well, Thank you Jacob.

786
00:40:30,680 --> 00:40:32,279
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787
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789
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809
00:41:52,800 --> 00:41:56,600
Speaker 1: President Trump and the entire Trump family is apparently about

810
00:41:56,600 --> 00:41:59,680
Speaker 1: to make an announcement at Trump Tower. We're going to

811
00:41:59,719 --> 00:42:01,959
Speaker 1: talk to a guy who's there, give us a little

812
00:42:01,960 --> 00:42:04,840
Speaker 1: bit of a preview American Sunrise Early Edition. We'll be

813
00:42:04,920 --> 00:42:32,759
Speaker 1: right back. No, this is not a live shot from

814
00:42:32,760 --> 00:42:36,000
Speaker 1: the set of macbeth. This is a foggy morning in

815
00:42:36,080 --> 00:42:40,360
Speaker 1: New York City, New York Harbor, there, Hudson River, Battery,

816
00:42:40,480 --> 00:42:42,399
Speaker 1: all those kinds of things. Hey, is the news going

817
00:42:42,440 --> 00:42:44,279
Speaker 1: too fast for you? Folks? What's going on in the

818
00:42:44,280 --> 00:42:47,200
Speaker 1: Middle East? What's going on in Minnesota? What's going on

819
00:42:47,280 --> 00:42:49,279
Speaker 1: with all the marches and parades? Is that too much

820
00:42:49,320 --> 00:42:51,880
Speaker 1: for you? I'm sorry, I got more for you. The

821
00:42:51,920 --> 00:42:54,520
Speaker 1: news never sleeps, and now that is real America's voice.

822
00:42:55,080 --> 00:42:57,040
Speaker 1: We are going to go live right now to Trump

823
00:42:57,080 --> 00:42:59,239
Speaker 1: Tower in New York City. Yes, it's still in New

824
00:42:59,320 --> 00:43:01,719
Speaker 1: York City. He's not so much in New York these

825
00:43:01,760 --> 00:43:04,600
Speaker 1: days because the politicians here aren't so friendly with him,

826
00:43:04,640 --> 00:43:06,520
Speaker 1: to say the least. But we don't care about that.

827
00:43:06,520 --> 00:43:08,560
Speaker 1: We're standing in the face of that opposition, and so

828
00:43:08,760 --> 00:43:11,719
Speaker 1: is our David Zeer. David, you're at Trump Tower this morning.

829
00:43:11,719 --> 00:43:14,200
Speaker 1: We're expecting a big announcement in just a few minutes.

830
00:43:14,800 --> 00:43:17,200
Speaker 1: But tell me about the atmosphere there right now. I

831
00:43:17,200 --> 00:43:18,960
Speaker 1: mean it's early and it looks like a lot of

832
00:43:18,960 --> 00:43:20,919
Speaker 1: the media is there. They're not ignoring them in New York.

833
00:43:24,000 --> 00:43:27,720
Speaker 6: Good morning, Jake. A large media presence here fifty seventh

834
00:43:27,800 --> 00:43:31,080
Speaker 6: and Fifth at the iconic Trump Tower where ten years

835
00:43:31,080 --> 00:43:33,439
Speaker 6: ago Trump to send it on the escalator to run

836
00:43:33,480 --> 00:43:36,840
Speaker 6: for president of the United States. The Trump family is

837
00:43:36,880 --> 00:43:40,279
Speaker 6: here this morning here expected to make a big announcement.

838
00:43:40,560 --> 00:43:45,520
Speaker 6: Bloomberg Mobile World Live has been reporting that the TTM

839
00:43:45,600 --> 00:43:49,840
Speaker 6: operations have filed for multiple trademarks to allow them to

840
00:43:50,000 --> 00:43:54,440
Speaker 6: enter the telecom market under the name T one Services maybe,

841
00:43:55,160 --> 00:44:00,600
Speaker 6: and they requested a trademark to sell retail components phones,

842
00:44:01,200 --> 00:44:04,680
Speaker 6: phone chargers, and cases, and a little bit of a

843
00:44:04,719 --> 00:44:10,279
Speaker 6: departure from the traditional Trump real estate and investment world, right,

844
00:44:10,360 --> 00:44:13,360
Speaker 6: even though they ventured into the Trump sneakers and the

845
00:44:13,400 --> 00:44:19,240
Speaker 6: Trump Watch and other items. But this is exciting because

846
00:44:19,360 --> 00:44:22,960
Speaker 6: will they be going against the Verizon Type AT and

847
00:44:23,040 --> 00:44:27,640
Speaker 6: T T mobile operations. And also remember there's a whole

848
00:44:27,680 --> 00:44:35,319
Speaker 6: market of MVNO alternative retail markets and phone services that

849
00:44:35,640 --> 00:44:40,000
Speaker 6: use virtual networks depending on the infrastructure of the large carriers.

850
00:44:40,040 --> 00:44:44,120
Speaker 6: So we're awaiting the press conference to start here and

851
00:44:44,160 --> 00:44:46,359
Speaker 6: the announcement. I think we're going to learn a lot

852
00:44:46,480 --> 00:44:49,520
Speaker 6: more and it's a lot of excitement here on the ground.

853
00:44:50,880 --> 00:44:52,319
Speaker 1: Yeah, you know, a lot of people might be wondering

854
00:44:52,360 --> 00:44:54,200
Speaker 1: why he is eight am a great time to make

855
00:44:54,239 --> 00:44:56,160
Speaker 1: this kind of announcement. So let me just as someone

856
00:44:56,200 --> 00:45:00,680
Speaker 1: who spent almost thirty years in financial news television, and yes,

857
00:45:01,000 --> 00:45:03,560
Speaker 1: you want to have an announcement that gets everyone talking

858
00:45:03,600 --> 00:45:06,719
Speaker 1: in the financial world before that nine thirty open on

859
00:45:06,800 --> 00:45:09,680
Speaker 1: the NYSC on the New York Stock Exchange. So that's

860
00:45:09,920 --> 00:45:12,080
Speaker 1: part of that strategy right there. But you know, David,

861
00:45:12,080 --> 00:45:15,160
Speaker 1: I'll tell you something, whatever this announcement is, it's clearly

862
00:45:15,200 --> 00:45:18,520
Speaker 1: going to be something where the Trump name is inserted

863
00:45:18,560 --> 00:45:21,080
Speaker 1: into an established market. And just as someone who really

864
00:45:21,120 --> 00:45:23,160
Speaker 1: loves the free markets, David, I got to tell you,

865
00:45:23,520 --> 00:45:27,000
Speaker 1: I love when established leaders in a market get challenged

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00:45:27,040 --> 00:45:29,680
Speaker 1: by somebody, anybody, even if it doesn't work out, because

867
00:45:29,680 --> 00:45:31,960
Speaker 1: that shows me that you have a healthy enough economy

868
00:45:32,239 --> 00:45:34,880
Speaker 1: that you don't have either monopolies or virtual monopolies. I

869
00:45:35,040 --> 00:45:37,279
Speaker 1: like that. Trump kind of did that with politics, right,

870
00:45:37,560 --> 00:45:40,040
Speaker 1: So to do this with a certain business, you know

871
00:45:40,080 --> 00:45:42,440
Speaker 1: why not? This is all about changing the status quo.

872
00:45:45,440 --> 00:45:48,040
Speaker 6: Yeah, So the Trump organization has always been in the

873
00:45:48,040 --> 00:45:51,760
Speaker 6: private sector again in real estate and investment world, making

874
00:45:51,800 --> 00:45:57,160
Speaker 6: money successful endeavors. This will add to their portfolio and

875
00:45:57,840 --> 00:46:01,120
Speaker 6: anything that involves President Trump, I believe is placed in

876
00:46:01,160 --> 00:46:05,919
Speaker 6: a trust where you know, the family manages that those

877
00:46:05,960 --> 00:46:09,960
Speaker 6: investments for the president while he's in office. But again

878
00:46:10,200 --> 00:46:15,239
Speaker 6: we're waiting for more information and more details, and everybody's

879
00:46:15,280 --> 00:46:17,440
Speaker 6: excited about this here, so we'll see.

880
00:46:18,880 --> 00:46:21,160
Speaker 1: Well, I'll say one thing, if this is indeed something

881
00:46:21,160 --> 00:46:23,840
Speaker 1: that has to do with mobile service and connectivity and

882
00:46:23,880 --> 00:46:26,560
Speaker 1: internet stuff, of course, one of the things that the biggest,

883
00:46:26,600 --> 00:46:28,279
Speaker 1: one of the biggest drivers to be able to use

884
00:46:28,320 --> 00:46:32,480
Speaker 1: those products is news, and President Trump certainly generates news.

885
00:46:32,600 --> 00:46:35,320
Speaker 1: All Right, everyone, American Sunrise, the big show is about

886
00:46:35,320 --> 00:46:37,919
Speaker 1: to start into for a two hour stint, and they'll

887
00:46:37,920 --> 00:46:40,480
Speaker 1: certainly have this announcement for you live. As you can see,

888
00:46:40,640 --> 00:46:42,880
Speaker 1: Real America's voice is on scene and ready to go.

889
00:46:43,239 --> 00:46:45,799
Speaker 1: I'm Jake Novak. This has been American Sunrise Early Edition.

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Speaker 1: Thank you so much for joining us. I'll be back

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00:46:47,840 --> 00:46:50,880
Speaker 1: tomorrow when probably another year's worth of news will have

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00:46:50,880 --> 00:46:54,160
Speaker 1: occurred between now and seven am. Jamalrow morning. See you back.