1 00:00:02,800 --> 00:00:06,279 Speaker 1: Ahead on American Sunrise early edition. Israel has an ultimatum 2 00:00:06,320 --> 00:00:10,799 Speaker 1: for Hamas surrender now and release the hostages, or Israeli 3 00:00:10,840 --> 00:00:15,240 Speaker 1: forces will never leave the Gaza strip. Meanwhile, President Trump 4 00:00:15,280 --> 00:00:18,640 Speaker 1: is pushing back on Western nations planning to recognize a 5 00:00:18,640 --> 00:00:21,840 Speaker 1: Palestinian state, a state that doesn't even exist anyway. 6 00:00:21,840 --> 00:00:23,360 Speaker 2: Who's the president? Where's the government? 7 00:00:24,880 --> 00:00:27,840 Speaker 1: September twenty ninth, roughly a month from now, That's when 8 00:00:27,880 --> 00:00:32,040 Speaker 1: the Supreme Court will consider Gizlaine Maxwell's request to overturn 9 00:00:32,120 --> 00:00:36,160 Speaker 1: her convictions for crimes connected to Jeffrey Epstein. Anyone hoping 10 00:00:36,159 --> 00:00:38,320 Speaker 1: to get any information out of her will likely not 11 00:00:38,400 --> 00:00:44,159 Speaker 1: get anywhere until then. FBI Director Cash Ptel says he's 12 00:00:44,200 --> 00:00:49,199 Speaker 1: uncovered and recovered multiple so called burn bags of Russia 13 00:00:49,200 --> 00:00:52,800 Speaker 1: collusion evidence that were slated for actual incineration by the 14 00:00:52,840 --> 00:00:56,880 Speaker 1: previous FBI leadership. Now Patel has handed that info over 15 00:00:57,520 --> 00:01:02,480 Speaker 1: to Iowa Senator Chuck Brassley and his committee. The Great 16 00:01:02,680 --> 00:01:06,720 Speaker 1: Redistricting War of Texas is heating up, with Democrats threatening 17 00:01:06,720 --> 00:01:10,360 Speaker 1: to take some drastic measures, but Governor Greg Abbott is 18 00:01:10,400 --> 00:01:14,959 Speaker 1: looking to head them off at the pass, and the 19 00:01:15,040 --> 00:01:18,440 Speaker 1: FED keeps interest rates right where they are despite increasing 20 00:01:18,440 --> 00:01:21,600 Speaker 1: political pressure to lower them. This comes as the US 21 00:01:21,640 --> 00:01:25,160 Speaker 1: economy shows more strength than expected. Now just imagine where 22 00:01:25,160 --> 00:01:28,280 Speaker 1: we'd be with less credit card debt and more footable homes. 23 00:01:28,800 --> 00:01:31,200 Speaker 1: American Sunrise Early Edition begins. 24 00:01:31,240 --> 00:01:41,039 Speaker 3: Now, Welcome to American Sunrise Early Edition, the show where faith, freedom, 25 00:01:41,080 --> 00:01:44,039 Speaker 3: and the values that built this nation takes centers. 26 00:01:43,720 --> 00:01:45,920 Speaker 2: To your good, thieves and bad deeds. That's how we're 27 00:01:45,959 --> 00:01:47,040 Speaker 2: gonna judge you. 28 00:01:47,480 --> 00:01:50,360 Speaker 3: Join host Jake Novak as he breaks down the stories 29 00:01:50,400 --> 00:01:50,840 Speaker 3: that matter. 30 00:01:51,160 --> 00:01:53,600 Speaker 2: He will be letting the public know regularly what we 31 00:01:53,680 --> 00:01:54,160 Speaker 2: have found. 32 00:01:54,240 --> 00:02:00,000 Speaker 3: American Sunrise Early Edition with your host Jake Novak starts. 33 00:01:59,760 --> 00:02:08,280 Speaker 1: Now, Welcome to this Thursday edition of American Sunrise Early Edition. 34 00:02:08,320 --> 00:02:10,280 Speaker 1: I'm Jake Novac. Thank you so much for joining us. 35 00:02:11,000 --> 00:02:14,359 Speaker 1: Another busy overnight of big news going on. I want 36 00:02:14,400 --> 00:02:16,960 Speaker 1: to get right to it with Daily Signal Senior editor 37 00:02:17,000 --> 00:02:18,960 Speaker 1: Tyler O'Neil. He's also the author of a great new 38 00:02:18,960 --> 00:02:23,639 Speaker 1: book called Woke to Pus. Tyler, this is just amazing 39 00:02:23,680 --> 00:02:26,360 Speaker 1: to me. Israel is giving a Hamasid ultimatum. I think 40 00:02:26,400 --> 00:02:28,160 Speaker 1: this is the real story this morning, because that's what's 41 00:02:28,160 --> 00:02:30,799 Speaker 1: going on in the ground as opposed to political posturing 42 00:02:31,520 --> 00:02:36,359 Speaker 1: Israel's giving kamasid ultimatium either they surrender now, released the hostages, 43 00:02:36,720 --> 00:02:40,000 Speaker 1: or the Israeli army will never leave Gazana. This comes 44 00:02:40,080 --> 00:02:43,160 Speaker 1: on the heels of a number of Arab nations, including 45 00:02:43,200 --> 00:02:47,040 Speaker 1: Cutter but Egypt, Saudi Arabia, the UAE, the entire Arab 46 00:02:47,120 --> 00:02:51,920 Speaker 1: League actually issuing a statement to Hamas yesterday or earlier 47 00:02:51,919 --> 00:02:54,560 Speaker 1: in this week saying they need to surrender and leave 48 00:02:54,600 --> 00:02:57,720 Speaker 1: Gaza forever. So while all the headlines right now are 49 00:02:57,760 --> 00:03:01,600 Speaker 1: about Canada and Britain and it's recognizing a non existent 50 00:03:01,639 --> 00:03:04,400 Speaker 1: Palestinian state. I didn't know they had a functional government 51 00:03:04,639 --> 00:03:06,919 Speaker 1: in Gaza or really even in the West Bank. 52 00:03:06,960 --> 00:03:11,120 Speaker 2: They have a thugocracy that they've got. But to me, 53 00:03:11,280 --> 00:03:13,120 Speaker 2: this is the big news what's going on on the ground. 54 00:03:13,200 --> 00:03:14,919 Speaker 1: We really do seem to be at the end game 55 00:03:14,919 --> 00:03:16,679 Speaker 1: for Kamas, which Tyler, by the way, I think is 56 00:03:16,720 --> 00:03:19,920 Speaker 1: the reason why all these foreign nations, especially in Europe, 57 00:03:20,000 --> 00:03:22,120 Speaker 1: are starting to try to prop up Tamas because they 58 00:03:22,160 --> 00:03:24,519 Speaker 1: know it's in its last breath, on its last breath. 59 00:03:25,160 --> 00:03:27,600 Speaker 4: Well, it is interesting that all these countries want to 60 00:03:27,600 --> 00:03:34,160 Speaker 4: acknowledge a Palestinian state when you have two dueling Palestinian claims, 61 00:03:34,360 --> 00:03:37,160 Speaker 4: not only and right now, as you noted, the Arab 62 00:03:37,280 --> 00:03:41,080 Speaker 4: League is saying Hamas needs to go and they need 63 00:03:41,120 --> 00:03:47,680 Speaker 4: to have the Palestinian authority instead controlling Gaza. And I'm like, okay, 64 00:03:48,000 --> 00:03:50,880 Speaker 4: but you know, the people of Gaza themselves kicked the 65 00:03:50,920 --> 00:03:52,680 Speaker 4: Palestinian authority out. 66 00:03:53,160 --> 00:03:54,240 Speaker 2: Israel is there. 67 00:03:54,360 --> 00:03:57,400 Speaker 4: With this ultimatum, and I think it's really important for 68 00:03:57,600 --> 00:04:02,280 Speaker 4: people to pay attention here. Is 'el is offering Hamas 69 00:04:02,400 --> 00:04:06,280 Speaker 4: an opportunity by saying, if you return the hostages now, 70 00:04:06,760 --> 00:04:12,120 Speaker 4: we won't continually occupy Gaza. But no one knows where 71 00:04:12,480 --> 00:04:15,160 Speaker 4: the issue with Gaza is going to end up because 72 00:04:15,520 --> 00:04:19,640 Speaker 4: the Gosins don't want the Palestinian authority. The Gozzens hate Israel, 73 00:04:20,080 --> 00:04:24,280 Speaker 4: and the Gozzens have propped up this, you know, this 74 00:04:24,480 --> 00:04:29,000 Speaker 4: horrible terrorist group Hamas, which has also been mistreating the 75 00:04:29,040 --> 00:04:32,080 Speaker 4: Gozsens horrifically for a long period of time. Right now, 76 00:04:32,120 --> 00:04:35,160 Speaker 4: we're talking about a famine and Gosin. What's the real 77 00:04:35,240 --> 00:04:38,839 Speaker 4: cause here? Part of it is Israel has been restricting trade, 78 00:04:38,839 --> 00:04:42,640 Speaker 4: but a larger part of it is Hamas takes any 79 00:04:42,760 --> 00:04:46,320 Speaker 4: aid that is given to Palestine, that is given to 80 00:04:46,360 --> 00:04:48,680 Speaker 4: the people who are supposed to be you know, the 81 00:04:48,760 --> 00:04:52,480 Speaker 4: people there, and then takes it, sells it to the people, 82 00:04:52,680 --> 00:04:56,400 Speaker 4: restricts it, takes the money for itself, tries to keep 83 00:04:56,600 --> 00:04:59,680 Speaker 4: power any way they can. And as you said, I 84 00:04:59,680 --> 00:05:03,520 Speaker 4: mean this, this is a thugocracy in Gaza, and Israel 85 00:05:03,640 --> 00:05:07,159 Speaker 4: is doing yeoman's work and trying to root out this 86 00:05:07,400 --> 00:05:11,719 Speaker 4: terrorist threat, but ultimately it's a very difficult nut to crack. 87 00:05:11,800 --> 00:05:14,039 Speaker 4: So I think we need to be paying attention to 88 00:05:14,040 --> 00:05:16,160 Speaker 4: the Arab League, and we need to not be paying 89 00:05:16,200 --> 00:05:20,400 Speaker 4: as much attention to these Western nations that seem to 90 00:05:20,440 --> 00:05:26,160 Speaker 4: be trying to ruin Israel's chances of having a successful 91 00:05:26,320 --> 00:05:27,160 Speaker 4: end to this war. 92 00:05:28,080 --> 00:05:32,200 Speaker 1: Yeah, and all of those nations have massive Muslim migrant populations. 93 00:05:32,320 --> 00:05:34,279 Speaker 1: And you know that each one of those leaders is 94 00:05:34,320 --> 00:05:36,479 Speaker 1: deathly afraid that there'll be a bunch of riots unless 95 00:05:36,520 --> 00:05:40,480 Speaker 1: they create a permanent killing machine against Israel that sometimes 96 00:05:40,560 --> 00:05:43,839 Speaker 1: flares up and sometimes doesn't. That's the political reasoning behind 97 00:05:43,839 --> 00:05:46,720 Speaker 1: their recognition of a non existent state. Moving on now 98 00:05:46,720 --> 00:05:49,560 Speaker 1: to another topic, Tyler, over the last eighteen hours or so, 99 00:05:50,040 --> 00:05:52,080 Speaker 1: millions of Americans have now learned the. 100 00:05:52,160 --> 00:05:55,080 Speaker 2: Term burn bags. I've never heard that term before. 101 00:05:55,480 --> 00:05:58,320 Speaker 1: As FBI Director Cash Bettel says he has found such 102 00:05:58,360 --> 00:06:02,080 Speaker 1: bags filled with USIA collusion plot evidence. 103 00:06:02,400 --> 00:06:03,400 Speaker 2: The collusion, of. 104 00:06:03,320 --> 00:06:06,640 Speaker 1: Course, being not President Trump and his campaign, but members 105 00:06:06,640 --> 00:06:09,000 Speaker 1: of the intelligence community and the Obama administration. 106 00:06:09,720 --> 00:06:10,960 Speaker 2: So Cash Motel says he's. 107 00:06:10,839 --> 00:06:14,119 Speaker 1: Turned all this evidence over to Senator Grassley's committee looking 108 00:06:14,120 --> 00:06:17,200 Speaker 1: into all of this. You know, I'm beginning to believe 109 00:06:17,240 --> 00:06:20,560 Speaker 1: now that they we will see some prosecutions and some charges. 110 00:06:20,839 --> 00:06:23,599 Speaker 1: It's just too much of a steady flow of information. 111 00:06:23,680 --> 00:06:26,080 Speaker 1: It's not just Tulca gabbrid coming out with it now, 112 00:06:26,320 --> 00:06:29,480 Speaker 1: it's also Cash Mattel. To me, I think that we're 113 00:06:29,480 --> 00:06:31,800 Speaker 1: going to see again. I can't say whether it's going 114 00:06:31,839 --> 00:06:34,800 Speaker 1: to be Barack Obama or James Brenn Brennan or James Camy, 115 00:06:35,000 --> 00:06:36,080 Speaker 1: but it's going to be somebody. 116 00:06:37,120 --> 00:06:39,880 Speaker 4: I think it's important to note that we had in 117 00:06:40,240 --> 00:06:44,200 Speaker 4: the Trump case last year, clear evidence, you know, a 118 00:06:44,279 --> 00:06:48,640 Speaker 4: clear ruling from the Supreme Court that presidents have immunity 119 00:06:48,720 --> 00:06:51,200 Speaker 4: in their official acts, which I think is a very 120 00:06:51,240 --> 00:06:53,680 Speaker 4: important thing. You know, many of us would love to 121 00:06:53,720 --> 00:06:57,520 Speaker 4: see Barack Obama held accountable, but I think that's going 122 00:06:57,560 --> 00:06:58,960 Speaker 4: to be a very heavy lift. 123 00:06:59,200 --> 00:07:00,920 Speaker 2: But some of these other people. 124 00:07:01,080 --> 00:07:05,080 Speaker 4: Like John Brennan, James Clapper, you know, they may be 125 00:07:05,200 --> 00:07:08,599 Speaker 4: facing charges in this situation. And the most important thing 126 00:07:08,680 --> 00:07:12,040 Speaker 4: to me is that we continually reveal, you know, as 127 00:07:12,120 --> 00:07:16,080 Speaker 4: more evidence comes out. This needs to be a damning 128 00:07:16,160 --> 00:07:18,200 Speaker 4: mark on Obama's legacy. 129 00:07:18,440 --> 00:07:20,320 Speaker 2: We need to always remember. 130 00:07:20,040 --> 00:07:24,120 Speaker 4: What the FBI and what Barack Obama, according to some 131 00:07:24,160 --> 00:07:28,400 Speaker 4: of the claims here, directed, and that is that we 132 00:07:28,560 --> 00:07:32,280 Speaker 4: had the federal government, you know, acting as a deep state, 133 00:07:32,720 --> 00:07:38,000 Speaker 4: especially these intelligence security apparatuses, trying to undermine the duly 134 00:07:38,040 --> 00:07:42,520 Speaker 4: elected president of the United States by falsely tying him 135 00:07:42,560 --> 00:07:46,360 Speaker 4: to Russia, essentially suggesting he was a Russian puppet, and 136 00:07:46,400 --> 00:07:51,040 Speaker 4: then propping up this campaign to continuously investigate him and 137 00:07:51,280 --> 00:07:55,000 Speaker 4: undermine his presidency. And if you ask me, this is 138 00:07:55,080 --> 00:07:58,000 Speaker 4: one of the biggest scandals in American history, and it 139 00:07:58,080 --> 00:08:03,120 Speaker 4: reveals the lengths that debts to which that administration went 140 00:08:03,600 --> 00:08:08,040 Speaker 4: to undermine its successor and prevent Trump from governing effectively. 141 00:08:08,120 --> 00:08:11,800 Speaker 4: So this second Trump term has been far more aggressive, 142 00:08:11,840 --> 00:08:15,600 Speaker 4: in part because they don't have this Russia collusion hoax, 143 00:08:16,080 --> 00:08:20,480 Speaker 4: constantly pushing to prevent Trump from succeeding in fulfilling his 144 00:08:20,640 --> 00:08:22,120 Speaker 4: promises to the American people. 145 00:08:23,120 --> 00:08:27,240 Speaker 1: Yeah, on this next issue and again another scandal, scandal 146 00:08:27,240 --> 00:08:29,120 Speaker 1: after scandal. I just want to spend a little bit 147 00:08:29,160 --> 00:08:31,480 Speaker 1: time on him because you have a really interesting report 148 00:08:31,520 --> 00:08:35,520 Speaker 1: about something else at USAID. But you know, Geslene Maxwell, 149 00:08:36,280 --> 00:08:38,400 Speaker 1: she's been giving her test she gave her testimony to 150 00:08:38,520 --> 00:08:41,920 Speaker 1: the DOJ last week. She's trying to play let's make 151 00:08:41,960 --> 00:08:43,760 Speaker 1: a deal with the House committee looking into it, and 152 00:08:43,800 --> 00:08:46,480 Speaker 1: meanwhile her lawyers are going to get a Supreme Court 153 00:08:46,520 --> 00:08:49,680 Speaker 1: at least review of her petition to have her whole 154 00:08:49,679 --> 00:08:53,440 Speaker 1: conviction overturn. I'm going to take a very very un 155 00:08:54,040 --> 00:08:56,719 Speaker 1: brave bet right now and tell you, of course she's 156 00:08:56,760 --> 00:08:59,080 Speaker 1: not going to have her conviction overturn. But is she 157 00:08:59,200 --> 00:09:02,640 Speaker 1: is an example basically a great Pumpkin type of thing, 158 00:09:03,320 --> 00:09:05,360 Speaker 1: like Linus and Sally waiting for the great She's not 159 00:09:05,400 --> 00:09:06,960 Speaker 1: going to give us anything, is she, Tyler? 160 00:09:08,320 --> 00:09:11,600 Speaker 4: I doubt it. I mean, the interesting thing about Gislaine 161 00:09:11,600 --> 00:09:15,440 Speaker 4: Maxwell here is she you know, she's appealed this to 162 00:09:15,480 --> 00:09:18,560 Speaker 4: the Supreme Court, and then when Congress asks her to testify, 163 00:09:18,679 --> 00:09:22,000 Speaker 4: she says, wait until the Supreme Court rules on it. 164 00:09:23,160 --> 00:09:25,720 Speaker 4: People are going crazy about the news that the Supreme 165 00:09:25,720 --> 00:09:28,480 Speaker 4: Court has said they will consider it all that this 166 00:09:28,520 --> 00:09:32,280 Speaker 4: is a very routine process where the Supreme Court, before 167 00:09:32,320 --> 00:09:34,760 Speaker 4: they take up cases, they have to go in and 168 00:09:34,800 --> 00:09:37,960 Speaker 4: see what the case is. And so they're going to 169 00:09:38,040 --> 00:09:40,920 Speaker 4: talk about this at a conference and then they're going 170 00:09:40,960 --> 00:09:44,720 Speaker 4: to make the decision whether they grant cerciarrari or not. 171 00:09:44,880 --> 00:09:47,319 Speaker 4: That means if they take up the case and actually 172 00:09:47,360 --> 00:09:50,280 Speaker 4: look at it. I think a lot of this stuff. 173 00:09:50,360 --> 00:09:53,240 Speaker 4: You know, ultimately, I don't know if Maxwell can get 174 00:09:53,320 --> 00:09:57,000 Speaker 4: much of a deal because I doubt that the administration 175 00:09:57,160 --> 00:10:01,280 Speaker 4: is going to do anything to grant her any clemency 176 00:10:01,679 --> 00:10:04,400 Speaker 4: and I sincerely doubt that she's going to get anything 177 00:10:04,400 --> 00:10:06,680 Speaker 4: more than maybe a couple of years off her sentence. 178 00:10:07,280 --> 00:10:10,440 Speaker 4: And she needs to be held accountable for the horrible 179 00:10:10,480 --> 00:10:13,320 Speaker 4: things that we know she did. And it stands to 180 00:10:13,400 --> 00:10:17,840 Speaker 4: reason to me that if there had been anything really damning, 181 00:10:18,240 --> 00:10:22,200 Speaker 4: it probably would have come out previously to now, because 182 00:10:22,360 --> 00:10:26,040 Speaker 4: she had other opportunities to offer deals. And you know, 183 00:10:26,120 --> 00:10:29,680 Speaker 4: we've been talking about these Epstein files for a long time. 184 00:10:29,960 --> 00:10:33,520 Speaker 4: If there was anything really damning against Trump, I expect 185 00:10:33,520 --> 00:10:36,520 Speaker 4: that might have come out already. But we'll have to 186 00:10:36,559 --> 00:10:40,280 Speaker 4: see what happens. And I think, you know, the system 187 00:10:40,360 --> 00:10:43,120 Speaker 4: here is working kind of the way that it should. 188 00:10:43,440 --> 00:10:46,640 Speaker 4: She is hiding the ball, as you're saying, but we 189 00:10:46,760 --> 00:10:48,760 Speaker 4: have to see what comes next. 190 00:10:49,080 --> 00:10:49,360 Speaker 2: Yeah. 191 00:10:49,400 --> 00:10:51,839 Speaker 1: Of course, the Biden administration had accessed to all these 192 00:10:51,840 --> 00:10:54,160 Speaker 1: files for four years, and we're supposed to believe that 193 00:10:54,200 --> 00:10:56,280 Speaker 1: something damning about President Trump was in them and they 194 00:10:56,280 --> 00:10:58,600 Speaker 1: didn't reveal it. I mean, please, everyone, just use your 195 00:10:58,600 --> 00:11:01,240 Speaker 1: common sense. Finally, I want you to give us a 196 00:11:00,880 --> 00:11:03,080 Speaker 1: quick preview of a piece that you have out in 197 00:11:03,120 --> 00:11:06,160 Speaker 1: the Daily Signal. It's all about something called the National 198 00:11:06,240 --> 00:11:10,640 Speaker 1: Endowment for Democracy, which is still slated to get federal funding. 199 00:11:10,640 --> 00:11:11,960 Speaker 1: What the that's going on here, Tyler. 200 00:11:12,760 --> 00:11:16,960 Speaker 4: Yeah, three hundred and fifteen million dollars was earmarked for 201 00:11:17,080 --> 00:11:21,959 Speaker 4: the National Endowment for Democracy in the House Republican's most 202 00:11:22,000 --> 00:11:27,160 Speaker 4: recent appropriations legislation. And this is a really shocking development 203 00:11:27,280 --> 00:11:31,679 Speaker 4: after USAID, which is kind of a sister organization with NED, 204 00:11:32,440 --> 00:11:36,800 Speaker 4: was exposed as funding so many left wing activist causes, 205 00:11:37,240 --> 00:11:41,640 Speaker 4: and the National Endowment for Democracy, like USAID, was one 206 00:11:41,640 --> 00:11:44,720 Speaker 4: of these agents. It's actually a nonprofit, it's not even 207 00:11:44,760 --> 00:11:47,720 Speaker 4: an agency, but it was one of these entities that 208 00:11:47,840 --> 00:11:52,160 Speaker 4: was set up in order to combat Soviet communism and 209 00:11:52,360 --> 00:11:56,280 Speaker 4: spread American values around the world. And you know, there's 210 00:11:56,320 --> 00:11:58,320 Speaker 4: an argument that it did that and played a role 211 00:11:58,520 --> 00:12:02,080 Speaker 4: in defeating the Soviet Union. But right now, I mean, 212 00:12:02,120 --> 00:12:05,000 Speaker 4: the National Endowment for Democracy in the last few years 213 00:12:05,280 --> 00:12:11,120 Speaker 4: had been supporting this misinformation disinformation complex that has been 214 00:12:11,280 --> 00:12:15,080 Speaker 4: attacking Americans. I mean that one of the organizations that 215 00:12:15,240 --> 00:12:19,840 Speaker 4: NED was funding went after conservative news outlets in the 216 00:12:19,960 --> 00:12:23,520 Speaker 4: United States. How is that in our national interest? They 217 00:12:23,520 --> 00:12:26,920 Speaker 4: were putting they were putting real clear politics on a 218 00:12:27,000 --> 00:12:31,360 Speaker 4: list of horrible offenders. And so you know this, it 219 00:12:31,440 --> 00:12:35,120 Speaker 4: is long past time for justice to come to the 220 00:12:35,200 --> 00:12:35,439 Speaker 4: n D. 221 00:12:35,640 --> 00:12:37,400 Speaker 2: And you know, when I reached out. 222 00:12:37,200 --> 00:12:40,760 Speaker 4: To the House Republican, so this is an internal House 223 00:12:40,800 --> 00:12:44,559 Speaker 4: Republican story. There's one House Republican who's filed an amendment, 224 00:12:44,920 --> 00:12:48,839 Speaker 4: as Eli Crane, filed an amendment to defund NED, which 225 00:12:49,080 --> 00:12:51,880 Speaker 4: is what President Trump's budget did. And then when I 226 00:12:51,960 --> 00:12:56,760 Speaker 4: reached out to Mario Diaz Blart, who wrote the appropriations legislation, 227 00:12:57,240 --> 00:12:59,040 Speaker 4: he noted to me, and I think this is also 228 00:12:59,040 --> 00:13:05,120 Speaker 4: important to note that the legislation defunds the WHO and UNRWA, 229 00:13:05,520 --> 00:13:08,560 Speaker 4: which are really important steps forward. I need to acknowledge that. 230 00:13:08,920 --> 00:13:11,920 Speaker 4: But he also said, we need to use the National 231 00:13:12,000 --> 00:13:16,920 Speaker 4: Endowment for Democracy against China and Iran, And he was 232 00:13:16,960 --> 00:13:21,480 Speaker 4: saying that the legislation prevents any D from funding misinformation 233 00:13:21,600 --> 00:13:25,640 Speaker 4: and disinformation. Count me a little skeptical on whether they'd 234 00:13:25,760 --> 00:13:28,920 Speaker 4: actually follow through on that. I mean, if it does 235 00:13:28,920 --> 00:13:31,520 Speaker 4: defund that, that's good. But I don't trust any D 236 00:13:31,600 --> 00:13:33,880 Speaker 4: as far as you can throw as far as I 237 00:13:33,920 --> 00:13:38,920 Speaker 4: can throw them, and ANYD is known for pretty much 238 00:13:38,960 --> 00:13:45,640 Speaker 4: only hiring leftists and Democrats and preventing Republicans and Conservatives 239 00:13:45,679 --> 00:13:49,760 Speaker 4: from even going to their events, much less becoming staff there. 240 00:13:50,160 --> 00:13:55,080 Speaker 4: So we're talking about a weaponized NGO that perhaps did 241 00:13:55,120 --> 00:13:58,760 Speaker 4: good work against the Soviets, but now has been turned 242 00:13:58,760 --> 00:14:02,320 Speaker 4: against the American people. And why should our tax dollars 243 00:14:02,640 --> 00:14:04,040 Speaker 4: be propping up this entity? 244 00:14:04,840 --> 00:14:07,160 Speaker 2: Yeah, well, put me in charge and maybe I'll clean 245 00:14:07,200 --> 00:14:07,400 Speaker 2: it up. 246 00:14:07,640 --> 00:14:11,000 Speaker 1: Tyler O'Neill, editor, Senior editor of The Daily Signal, thank 247 00:14:11,040 --> 00:14:12,319 Speaker 1: you so much for joining us, and thank you so 248 00:14:12,400 --> 00:14:13,040 Speaker 1: much for that story. 249 00:14:13,120 --> 00:14:14,360 Speaker 2: Check it out at the Daily Signal. 250 00:14:14,679 --> 00:14:18,720 Speaker 1: Coming up, the redistricting battle in Texas is heating up. 251 00:14:18,679 --> 00:14:21,080 Speaker 2: More than the temperature is in the Lows and Star State. 252 00:14:21,440 --> 00:14:23,680 Speaker 1: I'll have the latest on what's quickly becoming actually a 253 00:14:23,760 --> 00:14:29,520 Speaker 1: national story. And did Oprah Winfrey endanger thousands of Hawaiians 254 00:14:29,600 --> 00:14:32,840 Speaker 1: during that tsunami warning just yesterday. We'll take a closer 255 00:14:32,880 --> 00:14:36,600 Speaker 1: look at some serious accusations when American Sunrise Early Edition 256 00:14:36,640 --> 00:14:37,320 Speaker 1: comes right back. 257 00:14:49,680 --> 00:14:52,280 Speaker 2: It's a cloudy morning in Madison, Indiana. But there you 258 00:14:52,320 --> 00:14:52,560 Speaker 2: have it. 259 00:14:52,600 --> 00:14:55,880 Speaker 1: Beautiful looking spot there. Looks like a nice place to walk, 260 00:14:56,840 --> 00:14:59,200 Speaker 1: especially in the summer mornings. Welcome back to American Sunrise 261 00:14:59,240 --> 00:14:59,640 Speaker 1: Early Edition. 262 00:14:59,680 --> 00:15:01,480 Speaker 2: Specially welcome to those of you on the Getter and 263 00:15:01,560 --> 00:15:02,200 Speaker 2: Rumble Chats. 264 00:15:02,320 --> 00:15:05,040 Speaker 1: Very very active discussion right now on the Getter Chats, 265 00:15:05,040 --> 00:15:05,800 Speaker 1: so thank you for that. 266 00:15:06,280 --> 00:15:06,480 Speaker 2: Hey. 267 00:15:06,480 --> 00:15:09,680 Speaker 1: The Texas State legislature is plowing ahead during a special 268 00:15:09,720 --> 00:15:13,360 Speaker 1: session that began on Monday. The big issue is a 269 00:15:13,400 --> 00:15:17,080 Speaker 1: Republican redistricting plan for the whole state. It includes a 270 00:15:17,160 --> 00:15:20,360 Speaker 1: map that could give the GOP up to five more 271 00:15:20,440 --> 00:15:22,560 Speaker 1: seats in the US House of Representatives. In other words, 272 00:15:22,600 --> 00:15:25,200 Speaker 1: these would be districts that would be in heavily Republican 273 00:15:25,280 --> 00:15:28,800 Speaker 1: voting areas and would add to the majority, that very 274 00:15:28,800 --> 00:15:30,840 Speaker 1: thin majority in the US House of Representative. So this 275 00:15:30,880 --> 00:15:33,360 Speaker 1: is a national story. This is not just a Texas story. Now, 276 00:15:33,520 --> 00:15:37,080 Speaker 1: of course, the move is sparking outrage from Democrats all 277 00:15:37,120 --> 00:15:39,120 Speaker 1: over the country. A lot of people like Governor Gavin 278 00:15:39,160 --> 00:15:42,280 Speaker 1: Newsom of California, Governor Phil Murphy of New Jersey are 279 00:15:42,360 --> 00:15:44,400 Speaker 1: very upset about it. Of course, both of those states 280 00:15:44,600 --> 00:15:49,080 Speaker 1: have heavy Democrat districting gerrymandering going on. That's when you 281 00:15:49,600 --> 00:15:51,400 Speaker 1: draw a district just so that your party can win. 282 00:15:51,720 --> 00:15:54,800 Speaker 1: And of course they're complaining and talk about hypocrisy. One 283 00:15:54,880 --> 00:15:59,840 Speaker 1: trick that Texas Democrats are considering an acting to of 284 00:16:00,040 --> 00:16:02,640 Speaker 1: Lloyd this whole thing from happening, is they are planning 285 00:16:02,680 --> 00:16:05,720 Speaker 1: to maybe leave the state of Texas, not just leave 286 00:16:05,760 --> 00:16:09,480 Speaker 1: the state the state House, but actually flee the state 287 00:16:10,040 --> 00:16:12,440 Speaker 1: so that a quorum can't be called and they can't 288 00:16:12,440 --> 00:16:15,280 Speaker 1: get these votes going. Now, this is not a new idea. 289 00:16:15,640 --> 00:16:19,680 Speaker 1: This is exactly what Democrats in Wisconsin did in twenty eleven. 290 00:16:19,720 --> 00:16:21,480 Speaker 2: You might remember that was when. 291 00:16:21,280 --> 00:16:24,600 Speaker 1: Governor Scott Walker, a Republican back then, was trying to 292 00:16:24,680 --> 00:16:30,080 Speaker 1: reduce and decrease certain unfair benefits and advantages state union 293 00:16:30,600 --> 00:16:32,840 Speaker 1: members had, and he was trying to strip some of 294 00:16:32,880 --> 00:16:36,800 Speaker 1: their overdue powers and some of their incredibly expensive benefits. 295 00:16:37,120 --> 00:16:38,800 Speaker 1: They left, They went to the state of Illinois, a 296 00:16:38,880 --> 00:16:41,200 Speaker 1: number of Democrats just enough to keep the votes from happening. 297 00:16:41,480 --> 00:16:44,240 Speaker 1: Walker sent the state troopers after them, and finally they 298 00:16:44,280 --> 00:16:45,400 Speaker 1: got those votes passed. 299 00:16:45,840 --> 00:16:47,320 Speaker 2: But so this is nothing new. 300 00:16:47,520 --> 00:16:49,760 Speaker 1: Governor Abbott, however, is threatening to do the same thing 301 00:16:49,800 --> 00:16:51,560 Speaker 1: and maybe even arrest them before they get out of 302 00:16:51,600 --> 00:16:53,720 Speaker 1: the state. So we'll see how this shakes out. This 303 00:16:53,760 --> 00:16:56,920 Speaker 1: could be a very very interesting showdown, all right. Oprah 304 00:16:56,960 --> 00:17:01,120 Speaker 1: Winfrey is pushing back against accusations that a private road 305 00:17:01,160 --> 00:17:06,440 Speaker 1: on her Maui estate was kept closed even as local residents, 306 00:17:06,480 --> 00:17:09,760 Speaker 1: thousands of them, were trying to flee to safety during 307 00:17:09,760 --> 00:17:11,360 Speaker 1: that big tsunami warning. 308 00:17:11,040 --> 00:17:11,919 Speaker 2: The other day in Hawaii. 309 00:17:11,960 --> 00:17:14,240 Speaker 1: Now again, as you may remember, it is reported here 310 00:17:14,280 --> 00:17:18,119 Speaker 1: on American Sunrise early edition that terrible tsunami didn't happen, 311 00:17:18,119 --> 00:17:21,280 Speaker 1: thank goodness. They were expecting a potential for serious flooding 312 00:17:21,280 --> 00:17:26,240 Speaker 1: and damage. Thank goodness that didn't happen. But they were 313 00:17:26,359 --> 00:17:27,880 Speaker 1: some of the people, as we see in this video, 314 00:17:27,920 --> 00:17:30,160 Speaker 1: were not able to get to the higher ground because 315 00:17:30,560 --> 00:17:33,280 Speaker 1: the private road on Oprah Winfrey's estate was closed. Now, 316 00:17:33,680 --> 00:17:35,800 Speaker 1: her a state came out with a statement saying as 317 00:17:35,800 --> 00:17:37,960 Speaker 1: soon as they knew about the warnings, they did open 318 00:17:38,000 --> 00:17:40,040 Speaker 1: the road. And so I don't think that this was 319 00:17:40,160 --> 00:17:42,040 Speaker 1: done on purpose to keep it closed, but it does 320 00:17:42,119 --> 00:17:45,480 Speaker 1: uncover another scandal going on in Hawaii. This is true 321 00:17:45,480 --> 00:17:48,000 Speaker 1: in some other states also, but this is specifically true 322 00:17:48,000 --> 00:17:51,480 Speaker 1: in Hawaii. Certain private owners of a massive amount of land. 323 00:17:51,480 --> 00:17:51,760 Speaker 2: Listen. 324 00:17:51,760 --> 00:17:54,080 Speaker 1: I'm all for private landownership. That is the bedrock of 325 00:17:54,119 --> 00:17:58,359 Speaker 1: our liberty. Without property of freedom and rights, you have 326 00:17:58,480 --> 00:18:02,320 Speaker 1: no rights period. However, if you own land and are 327 00:18:02,480 --> 00:18:04,960 Speaker 1: keeping it obstructed from people in areas where they need 328 00:18:05,000 --> 00:18:06,640 Speaker 1: to get from point A to point B, and anyone 329 00:18:06,640 --> 00:18:08,080 Speaker 1: who's known the traffic and why. 330 00:18:07,960 --> 00:18:10,560 Speaker 2: He knows it's terrible. That's going too far. 331 00:18:10,840 --> 00:18:13,240 Speaker 1: You've got to make sure that people have the right 332 00:18:13,280 --> 00:18:14,920 Speaker 1: of egress, just for the safety's sake. 333 00:18:14,960 --> 00:18:16,560 Speaker 2: This is a public safety issue. 334 00:18:16,640 --> 00:18:18,840 Speaker 1: So even though she may have not deliberately kept the 335 00:18:18,960 --> 00:18:21,199 Speaker 1: road closed for a long time, the fact that that 336 00:18:21,320 --> 00:18:24,280 Speaker 1: road exists in the first place, and it blocks easy 337 00:18:24,359 --> 00:18:26,200 Speaker 1: access from one part of the island to the other 338 00:18:26,760 --> 00:18:28,840 Speaker 1: on you know, they have had terrible fires and maw 339 00:18:28,920 --> 00:18:31,040 Speaker 1: he remember that a few years ago. This is not 340 00:18:31,240 --> 00:18:34,080 Speaker 1: a really good situation for public safety. That road should 341 00:18:34,080 --> 00:18:36,520 Speaker 1: never be closed anyway, even if it wasn't meant to 342 00:18:36,680 --> 00:18:38,080 Speaker 1: endanger people on purpose. 343 00:18:38,359 --> 00:18:39,879 Speaker 2: So this is something I think people should look into. 344 00:18:40,000 --> 00:18:42,840 Speaker 1: The celebrities buying these big, big tracks of land and 345 00:18:42,880 --> 00:18:44,760 Speaker 1: of course putting walls around it. These are the same 346 00:18:44,800 --> 00:18:47,159 Speaker 1: celebrities who say we shouldn't build a wall for the 347 00:18:47,240 --> 00:18:47,800 Speaker 1: United States. 348 00:18:47,840 --> 00:18:49,360 Speaker 2: Hypocrisy on steroids. 349 00:18:49,440 --> 00:18:53,960 Speaker 1: Okay, coming up, FED Chairman J Powell speaks, and the markets. 350 00:18:53,560 --> 00:18:54,960 Speaker 2: Don't really like it. 351 00:18:55,040 --> 00:18:59,160 Speaker 1: The interest rate decision and Powell's tone soured investor sentiment 352 00:18:59,240 --> 00:19:01,640 Speaker 1: on Wall Street. But a quick rebound looks like it's 353 00:19:01,640 --> 00:19:03,240 Speaker 1: in the works. This morning, I'll show you what's going 354 00:19:03,280 --> 00:19:06,720 Speaker 1: on there and what kind of punishment is a US 355 00:19:06,800 --> 00:19:10,680 Speaker 1: computer chip company really getting after getting caught breaking secrecy 356 00:19:10,760 --> 00:19:13,959 Speaker 1: rules connected to the Chinese military. Can you say slap 357 00:19:14,000 --> 00:19:17,480 Speaker 1: on the wrist? That story and moving America when American 358 00:19:17,560 --> 00:19:19,360 Speaker 1: Sunrise Early edition comes right back. 359 00:19:31,560 --> 00:19:32,879 Speaker 2: Live. Look at Honolulu, Hawaii. 360 00:19:32,920 --> 00:19:35,960 Speaker 1: We were just talking about Maui, but very happy to 361 00:19:35,960 --> 00:19:38,639 Speaker 1: see these scenes of unflooded roads. Just a couple of 362 00:19:38,720 --> 00:19:41,040 Speaker 1: days ago, we were really really worried about a massive 363 00:19:41,040 --> 00:19:44,760 Speaker 1: tsunami hitting all of Hawaii, all those coastal areas. 364 00:19:44,760 --> 00:19:46,359 Speaker 2: Thank goodness that didn't happen. Let's take a look at 365 00:19:46,359 --> 00:19:47,000 Speaker 2: where the markets are. 366 00:19:46,920 --> 00:19:49,360 Speaker 1: Going to begin as we continue here an American Sunrise 367 00:19:49,400 --> 00:19:51,719 Speaker 1: early edition, and you can see a lot of green there. 368 00:19:52,320 --> 00:19:53,959 Speaker 1: The market's sold off at the end of the day 369 00:19:54,040 --> 00:19:57,320 Speaker 1: yesterday because of FED Chairman J Powell's comments. Talk a 370 00:19:57,680 --> 00:19:59,680 Speaker 1: lot about that coming up, but as you can see, 371 00:19:59,720 --> 00:20:02,720 Speaker 1: big rebound. Why because first of all, the markets very 372 00:20:02,760 --> 00:20:05,320 Speaker 1: often do the exact opposite thing they do when they 373 00:20:05,320 --> 00:20:07,840 Speaker 1: first hear about a FED decision. The next day, very 374 00:20:07,840 --> 00:20:10,439 Speaker 1: often they just completely go the other way. But also 375 00:20:10,880 --> 00:20:14,760 Speaker 1: you had Microsoft, you had Facebook parent Meta reports strong 376 00:20:15,280 --> 00:20:18,399 Speaker 1: earnings and profits numbers after the market closed yesterday. So 377 00:20:18,400 --> 00:20:20,760 Speaker 1: look at that NASAC number, the tech heavy NASSAK up 378 00:20:20,800 --> 00:20:21,879 Speaker 1: well over one percent. 379 00:20:21,960 --> 00:20:22,639 Speaker 2: That's a rally. 380 00:20:23,080 --> 00:20:25,920 Speaker 1: Crude oil is mostly flat, a little bit down under 381 00:20:25,920 --> 00:20:27,920 Speaker 1: that seventy dollars back. Got up to the seventy dollars 382 00:20:27,960 --> 00:20:30,360 Speaker 1: barwol level again overnight, but it's down now. And let's 383 00:20:30,359 --> 00:20:33,280 Speaker 1: take a look at Bitcoin. Still in that one seventeen 384 00:20:33,320 --> 00:20:36,679 Speaker 1: to one twenty one window. As I've been saying so 385 00:20:36,720 --> 00:20:38,560 Speaker 1: many times here on this program, it got a little 386 00:20:38,560 --> 00:20:41,280 Speaker 1: bit below one seventeen overnight, got out of that one, 387 00:20:41,320 --> 00:20:43,600 Speaker 1: but not really long enough to say that it's gone 388 00:20:43,800 --> 00:20:44,640 Speaker 1: taking a step down. 389 00:20:45,000 --> 00:20:46,600 Speaker 2: Okay, another big story. 390 00:20:46,480 --> 00:20:48,600 Speaker 1: Going on in our economy right now, as the economy 391 00:20:48,640 --> 00:20:52,639 Speaker 1: is growing. The GDP report, that's sands for gross domestic product. 392 00:20:52,680 --> 00:20:55,760 Speaker 1: Don't be afraid by these terms. Understand everybody that the 393 00:20:55,840 --> 00:20:58,600 Speaker 1: study of economics and the discussion of economics, they play 394 00:20:58,640 --> 00:21:00,400 Speaker 1: a little trick. They use a lot of fans names 395 00:21:00,400 --> 00:21:03,920 Speaker 1: and titles for things you already know. So GDP is 396 00:21:03,960 --> 00:21:06,239 Speaker 1: one of them. The GDP grew in the April through 397 00:21:06,320 --> 00:21:08,280 Speaker 1: June quarter, that was when the terrorists said, oh no, 398 00:21:08,400 --> 00:21:10,280 Speaker 1: the tariff's gonna kill our economy. 399 00:21:10,440 --> 00:21:11,080 Speaker 2: Not quite. 400 00:21:11,240 --> 00:21:13,520 Speaker 1: The economy grew by a very healthy three percent. Anything 401 00:21:13,520 --> 00:21:15,760 Speaker 1: better than two percent is usually pretty good for the 402 00:21:15,840 --> 00:21:19,480 Speaker 1: US economy. Three percent growth in that second quarter, in 403 00:21:19,520 --> 00:21:22,200 Speaker 1: that April through June period when only two point three 404 00:21:22,240 --> 00:21:25,560 Speaker 1: percent was expected by all the genius economists, not saying 405 00:21:25,600 --> 00:21:27,680 Speaker 1: the tariffs aren't having an effect on the economy, but 406 00:21:27,720 --> 00:21:30,040 Speaker 1: they're actually having some positive effects as well. 407 00:21:30,720 --> 00:21:31,760 Speaker 2: And this was. 408 00:21:31,720 --> 00:21:34,200 Speaker 1: Basically proving all of them wrong. The doomers and the 409 00:21:34,200 --> 00:21:36,919 Speaker 1: gloomers get things wrong all the time, and that's fine. 410 00:21:37,040 --> 00:21:39,520 Speaker 1: It's okay to be wrong. That's what the news business, 411 00:21:39,560 --> 00:21:41,879 Speaker 1: at least the analyst business is about. But the people 412 00:21:41,920 --> 00:21:45,879 Speaker 1: who say these things never apologize, and they never seem 413 00:21:45,920 --> 00:21:47,560 Speaker 1: to learn from it. They just continue to move on. 414 00:21:47,600 --> 00:21:50,240 Speaker 1: You can be wrong about everything. It's really frustrating to me. 415 00:21:50,280 --> 00:21:50,520 Speaker 2: All Right. 416 00:21:50,560 --> 00:21:53,720 Speaker 1: Another key issue, another key report is due tomorrow, by 417 00:21:53,760 --> 00:21:56,680 Speaker 1: the way, on our economy. It's the jobs report. That's 418 00:21:56,720 --> 00:21:59,400 Speaker 1: really the big report everyone really watches, and it's gonna 419 00:21:59,400 --> 00:22:00,240 Speaker 1: be the report for July. 420 00:22:00,359 --> 00:22:01,320 Speaker 2: This is the last day of July. 421 00:22:01,400 --> 00:22:03,440 Speaker 1: Tomorrow, they're going to have the report on the July 422 00:22:03,560 --> 00:22:06,520 Speaker 1: jobs report. They are expecting again that was economists, that's 423 00:22:06,520 --> 00:22:09,200 Speaker 1: see if they're wrong again. They're expecting a net gain 424 00:22:09,600 --> 00:22:12,840 Speaker 1: of one hundred and eighty seven thousand jobs for July. 425 00:22:13,280 --> 00:22:16,080 Speaker 1: That's not a bad number. Certainly it's better than losing jobs. 426 00:22:16,080 --> 00:22:19,120 Speaker 1: So we'll keep that an eye on that for you tomorrow, 427 00:22:19,160 --> 00:22:20,960 Speaker 1: and I'll probably be letting everyone know about it in 428 00:22:21,000 --> 00:22:24,080 Speaker 1: the American Sunrise regular show in the nine am hour 429 00:22:24,320 --> 00:22:26,840 Speaker 1: because that report comes out at eight thirty Eastern time tomorrow. 430 00:22:26,920 --> 00:22:28,800 Speaker 2: So keep your ears and eyes open for that one. 431 00:22:29,160 --> 00:22:32,280 Speaker 1: Okay, you have probably never heard of a company called 432 00:22:32,400 --> 00:22:33,880 Speaker 1: Cadence Design Systems. 433 00:22:33,880 --> 00:22:35,320 Speaker 2: I don't blame you if you haven't heard of them. 434 00:22:35,359 --> 00:22:37,800 Speaker 1: But it is a chip maker, computer chip maker, and 435 00:22:37,840 --> 00:22:41,000 Speaker 1: it's a chip maker that just admitted to selling through 436 00:22:41,040 --> 00:22:44,320 Speaker 1: a subsidiary company. Of course they always have indemnification, but 437 00:22:44,400 --> 00:22:48,720 Speaker 1: they just admitted to selling sensitive technology to companies connected 438 00:22:48,720 --> 00:22:50,200 Speaker 1: to the Chinese military. 439 00:22:50,359 --> 00:22:52,920 Speaker 2: What could go wrong? Right? I mean, that's pretty awful. 440 00:22:53,240 --> 00:22:55,200 Speaker 1: They admitted to it, though, and this has led to 441 00:22:55,240 --> 00:22:58,679 Speaker 1: an agreement with the US government to pay a fine 442 00:22:58,720 --> 00:23:01,760 Speaker 1: of one hundred and forty point six million dollars. So 443 00:23:01,800 --> 00:23:04,959 Speaker 1: you figure that company is in big trouble, right, Well, 444 00:23:05,400 --> 00:23:08,880 Speaker 1: not so much. Cadence Design system stock hit an all 445 00:23:08,960 --> 00:23:12,560 Speaker 1: time high yesterday. They're doing fine. A couple of reasons 446 00:23:12,560 --> 00:23:15,680 Speaker 1: for this. First of all, the market loves settlements. They 447 00:23:15,720 --> 00:23:17,840 Speaker 1: love when companies settled, even for a big amount of money, 448 00:23:17,880 --> 00:23:21,040 Speaker 1: because it gives the market closure they know now how 449 00:23:21,119 --> 00:23:24,000 Speaker 1: much this problem is going to cost. But they also 450 00:23:24,119 --> 00:23:27,800 Speaker 1: really love this settlement because unlike Arthur Anderson for those 451 00:23:27,800 --> 00:23:30,640 Speaker 1: of you who remember the Enron scandal, that big consulting firm, 452 00:23:30,680 --> 00:23:33,720 Speaker 1: accounting firm, Unlike some other companies that the federal government 453 00:23:33,720 --> 00:23:36,600 Speaker 1: has given the death penalty to for things much less 454 00:23:36,680 --> 00:23:39,639 Speaker 1: dangerous than what Cadence Design Systems did, this is a 455 00:23:39,640 --> 00:23:42,840 Speaker 1: settlement that seems to be buying them immunity now for 456 00:23:42,880 --> 00:23:46,200 Speaker 1: some time. Boy, that is a major slap on the risk, 457 00:23:46,320 --> 00:23:48,320 Speaker 1: just a little, sorry, I should say, a very little 458 00:23:48,320 --> 00:23:50,960 Speaker 1: slap on the wrist. And this is something that I 459 00:23:50,960 --> 00:23:54,240 Speaker 1: think is very disturbing. It's fine for chip companies to 460 00:23:54,280 --> 00:23:55,800 Speaker 1: ask the government, hey can we sell this? 461 00:23:55,880 --> 00:23:56,280 Speaker 2: Can we not? 462 00:23:56,640 --> 00:23:58,480 Speaker 1: And maybe they can even complain about it. That's part 463 00:23:58,520 --> 00:24:00,760 Speaker 1: of our freedom of speech in this country. But if 464 00:24:00,760 --> 00:24:02,879 Speaker 1: they go ahead and do it, just paying a fine 465 00:24:02,880 --> 00:24:05,520 Speaker 1: that probably costs them less than what they made in 466 00:24:05,560 --> 00:24:07,360 Speaker 1: the stock market yesterday is not. 467 00:24:07,359 --> 00:24:10,040 Speaker 2: Really what I would call it. Deturreent? Would you something 468 00:24:10,080 --> 00:24:10,560 Speaker 2: to think about? 469 00:24:10,560 --> 00:24:25,439 Speaker 1: All right, ladies and gentlemen, start your engines. This is 470 00:24:25,480 --> 00:24:29,800 Speaker 1: Moving America sponsored by ARTILLERYTA Company ARTILLERYT coode dot com. 471 00:24:29,880 --> 00:24:33,120 Speaker 1: Use promo code RAV for ten percent off your first order. 472 00:24:33,240 --> 00:24:36,240 Speaker 1: Artillery T is all natural, whole leaf, The T bags 473 00:24:36,240 --> 00:24:39,040 Speaker 1: are chemical free and each TA bag can be used twice. 474 00:24:39,640 --> 00:24:42,760 Speaker 1: Artillery T Company is family and veteran owned and operated, 475 00:24:42,760 --> 00:24:45,080 Speaker 1: and a portion of your purchase goes to help veteran 476 00:24:45,119 --> 00:24:48,640 Speaker 1: and first respond to charities. 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They're doing something called the 479 00:24:54,080 --> 00:24:57,600 Speaker 1: Motherload Pouch and you can get fifteen percent off that 480 00:24:58,240 --> 00:25:00,680 Speaker 1: if you go to the Motherload Pouch and at that 481 00:25:00,840 --> 00:25:03,639 Speaker 1: deal that is through August first, that's tomorrow through Friday. 482 00:25:03,720 --> 00:25:05,720 Speaker 2: So you got to do this soon, all right. 483 00:25:05,800 --> 00:25:10,040 Speaker 1: The rising cost of cars and trucks and higher car 484 00:25:10,119 --> 00:25:13,080 Speaker 1: loan rates are pushing more and more Americans to do 485 00:25:13,119 --> 00:25:13,560 Speaker 1: something else. 486 00:25:13,600 --> 00:25:16,480 Speaker 2: Can you guess, yes, they're doing more leasing now. 487 00:25:16,560 --> 00:25:19,560 Speaker 1: Leasing a car or a truck on the surface seems 488 00:25:19,600 --> 00:25:22,040 Speaker 1: like a cheaper choice as far as your per month bill, 489 00:25:22,480 --> 00:25:24,840 Speaker 1: So I get it. But I want to remind everybody this, 490 00:25:24,880 --> 00:25:26,639 Speaker 1: and I'm not telling you not necessarily the lease. There 491 00:25:26,640 --> 00:25:29,960 Speaker 1: are some instances releasing makes sense, but don't forget when 492 00:25:30,000 --> 00:25:32,920 Speaker 1: you lease. First of all, you don't own anything. When 493 00:25:32,920 --> 00:25:34,919 Speaker 1: the lease is up, you get back the car, you 494 00:25:34,920 --> 00:25:36,800 Speaker 1: get back the truck, and it's not a trade in. 495 00:25:37,280 --> 00:25:38,920 Speaker 2: You don't have any money taking. 496 00:25:38,720 --> 00:25:40,399 Speaker 1: Off the price of another car you want to buy. 497 00:25:40,720 --> 00:25:43,480 Speaker 1: And remember this, and this is a key factor. You're 498 00:25:43,560 --> 00:25:47,320 Speaker 1: still paying expensive insurance rates as if you did own 499 00:25:47,320 --> 00:25:50,000 Speaker 1: the car. So you know, cause your insurance rates for 500 00:25:50,000 --> 00:25:51,720 Speaker 1: a brand new car is gonna cost you more. 501 00:25:51,800 --> 00:25:54,040 Speaker 2: So just remember all of that again. 502 00:25:54,080 --> 00:25:56,200 Speaker 1: It would be nice if the FED with just lower 503 00:25:56,280 --> 00:25:58,680 Speaker 1: rates and car loan rates went down, and that way 504 00:25:58,720 --> 00:26:00,479 Speaker 1: you could save money on owning a car and then 505 00:26:00,480 --> 00:26:02,680 Speaker 1: you'd actually have something. Or if you listen to guys 506 00:26:02,760 --> 00:26:05,080 Speaker 1: like Dave Ramsey, you should just buy the car outright, 507 00:26:05,119 --> 00:26:07,359 Speaker 1: and if you can't afford it outright, don't buy it. 508 00:26:07,400 --> 00:26:08,080 Speaker 2: That's his advice. 509 00:26:08,160 --> 00:26:09,679 Speaker 1: I'm not so sure I'm one hundred percent with that, 510 00:26:09,840 --> 00:26:13,840 Speaker 1: but I get his point, Okay. Motorcycle icon Harley Davidson 511 00:26:13,880 --> 00:26:16,760 Speaker 1: has always been a very volatile company. They are either 512 00:26:16,800 --> 00:26:19,280 Speaker 1: way up or way down in any given year. For 513 00:26:19,280 --> 00:26:21,600 Speaker 1: those who've been following this company, you know exactly what 514 00:26:21,600 --> 00:26:22,920 Speaker 1: I'm talking about. It's got nothing to do with the 515 00:26:23,000 --> 00:26:25,800 Speaker 1: quality of the motorcycles. It's just the quality of the 516 00:26:25,960 --> 00:26:30,760 Speaker 1: financial situation at that company. But because the buying of 517 00:26:30,880 --> 00:26:34,320 Speaker 1: these bikes is always very up or down, they're either 518 00:26:34,359 --> 00:26:38,359 Speaker 1: hotter they're not well. Private equity firm KKR and bond 519 00:26:38,400 --> 00:26:41,800 Speaker 1: trading fun Giant Pimco are taking a big bet on 520 00:26:41,880 --> 00:26:44,200 Speaker 1: Harley Davidson. They think that in the long run it's 521 00:26:44,240 --> 00:26:45,720 Speaker 1: going to be a good move for them. They just 522 00:26:45,800 --> 00:26:48,440 Speaker 1: put in a total of one and a quarter billion 523 00:26:48,520 --> 00:26:51,800 Speaker 1: dollars into the company in return for a minority sake. 524 00:26:51,880 --> 00:26:54,280 Speaker 1: Of course, they get stake. The stakeholder a position in 525 00:26:54,320 --> 00:26:58,199 Speaker 1: the company. Harley Davidson's shares soared thirteen percent higher on 526 00:26:58,240 --> 00:27:00,960 Speaker 1: that news late yesterday. Of course, if you want to 527 00:27:01,240 --> 00:27:03,760 Speaker 1: follow Harley Davidson stock, it probably has one of the 528 00:27:03,760 --> 00:27:08,720 Speaker 1: best stocked sticker symbols of all time. Their sticker symbol 529 00:27:08,800 --> 00:27:12,720 Speaker 1: is hog hog. Of course, that's what we call Harley's 530 00:27:12,800 --> 00:27:16,240 Speaker 1: I love that. Okay, Lamborghini, this is a great story. 531 00:27:16,320 --> 00:27:20,560 Speaker 1: Lamborghini is taking one of its own dealers to court. 532 00:27:20,760 --> 00:27:24,520 Speaker 1: The Italian supercar maker says Gold Coast Exotic Imports that's 533 00:27:24,560 --> 00:27:28,919 Speaker 1: in Chicago, breached its contract by selling dozens of Lamborghinis 534 00:27:29,280 --> 00:27:34,320 Speaker 1: to unauthorized resellers, including a convicted felon. Now, this is 535 00:27:34,640 --> 00:27:37,600 Speaker 1: basically uncovering a huge mystery for me that I've been 536 00:27:37,600 --> 00:27:40,040 Speaker 1: trying to figure out for years. I've always wondered how 537 00:27:40,119 --> 00:27:43,520 Speaker 1: drug dealers and other criminals are able to buy these 538 00:27:43,560 --> 00:27:45,520 Speaker 1: fancy cars. Yes, I know they have the money to 539 00:27:45,560 --> 00:27:47,600 Speaker 1: buy them, but you can't just go to a dealership 540 00:27:47,640 --> 00:27:51,160 Speaker 1: with the briefcase full of cash and buy a vehicle 541 00:27:51,400 --> 00:27:53,720 Speaker 1: like this without going through a credit check, all those 542 00:27:53,760 --> 00:27:55,600 Speaker 1: kinds of things like that. I always wondered how they 543 00:27:55,600 --> 00:27:58,480 Speaker 1: did this because they don't want any of their transactions 544 00:27:58,520 --> 00:28:01,840 Speaker 1: to be documented, So how do they do it? Well, 545 00:28:01,880 --> 00:28:05,479 Speaker 1: now I know, these fancy car dealerships sell to a 546 00:28:05,520 --> 00:28:08,840 Speaker 1: third party, usually a shady third party, and they go 547 00:28:08,960 --> 00:28:11,840 Speaker 1: ahead and sell these fancy cars to pretty much known 548 00:28:11,840 --> 00:28:12,960 Speaker 1: criminals for cash. 549 00:28:13,000 --> 00:28:14,320 Speaker 2: Well, Lamborghini doesn't like this. 550 00:28:14,800 --> 00:28:17,199 Speaker 1: They don't want criminals running around with their cars, and 551 00:28:17,240 --> 00:28:20,120 Speaker 1: they don't like this whole process, so they're suing Gold Coasts. 552 00:28:20,160 --> 00:28:21,840 Speaker 1: Now I have an update on the story. They are 553 00:28:21,880 --> 00:28:24,280 Speaker 1: in negotiations with the dealer. They're going to try to 554 00:28:24,280 --> 00:28:27,600 Speaker 1: stay out of court, but if the negotiations fail, they're 555 00:28:27,640 --> 00:28:30,520 Speaker 1: going to go to court sometime next year. I'm kind 556 00:28:30,520 --> 00:28:32,359 Speaker 1: of almost a little bit rooting for the case to 557 00:28:32,359 --> 00:28:34,000 Speaker 1: go to child because I'd like to find out more 558 00:28:34,359 --> 00:28:37,400 Speaker 1: about how big time criminals with briefcases full of cash 559 00:28:37,480 --> 00:28:39,320 Speaker 1: or whatever they use to pay for these cars, get 560 00:28:39,320 --> 00:28:41,440 Speaker 1: these cars. It's kind of an interesting story that a 561 00:28:41,440 --> 00:28:42,920 Speaker 1: lot of us didn't know a lot. 562 00:28:42,760 --> 00:28:43,600 Speaker 2: About until now. 563 00:28:43,960 --> 00:28:47,960 Speaker 1: Okay, Now, sometimes those clever social media staffers at big 564 00:28:48,000 --> 00:28:50,520 Speaker 1: companies get a little carried away. That's what happened at 565 00:28:50,520 --> 00:28:53,120 Speaker 1: Dodge this week when a number of posts about how 566 00:28:53,160 --> 00:28:56,040 Speaker 1: owning a hot and fast Dodge muscle car may make 567 00:28:56,080 --> 00:28:58,840 Speaker 1: a guy's wife unhappy. Okay, a little bit of tongue 568 00:28:58,880 --> 00:29:00,480 Speaker 1: in cheek, I get it. One of them went a 569 00:29:00,520 --> 00:29:02,640 Speaker 1: little too far. This was the one about how a 570 00:29:02,760 --> 00:29:05,440 Speaker 1: wife may not like the idea that Dodge car owners 571 00:29:05,840 --> 00:29:09,800 Speaker 1: do illegal street takeovers for drag racing. Now it was deleted. 572 00:29:10,360 --> 00:29:13,120 Speaker 1: This thing was deleted pretty soon after it posted, because 573 00:29:13,160 --> 00:29:16,320 Speaker 1: if you remember those illegal street takeovers, especially during the 574 00:29:16,320 --> 00:29:20,040 Speaker 1: COVID lockdowns, they were no joke. They ended up being major, 575 00:29:20,160 --> 00:29:22,760 Speaker 1: major places for illegal activity. 576 00:29:22,800 --> 00:29:24,160 Speaker 2: There were some deaths. It's not a joke. 577 00:29:24,240 --> 00:29:27,080 Speaker 1: So Dodge realized that wasn't good pr and a little 578 00:29:27,080 --> 00:29:29,560 Speaker 1: bit destructive, so they took that down. Good try, though, 579 00:29:29,600 --> 00:29:32,120 Speaker 1: good try, Dodge guys. Okay, coming up, fed Chairman j 580 00:29:32,240 --> 00:29:33,800 Speaker 1: Powell gonna talk a little bit more about this. He 581 00:29:33,840 --> 00:29:37,080 Speaker 1: opened up his mouth yesterday and the markets didn't like it. 582 00:29:37,120 --> 00:29:38,160 Speaker 2: They didn't like what they heard. 583 00:29:38,560 --> 00:29:42,120 Speaker 1: Powell seems more entrenched than ever, by the way, and 584 00:29:42,320 --> 00:29:45,080 Speaker 1: of course the party may still go on for Wall 585 00:29:45,120 --> 00:29:48,080 Speaker 1: Street today Anyway, what are your best bets right now? 586 00:29:48,120 --> 00:29:50,080 Speaker 1: Our stock's a good idea at all time highs. But 587 00:29:50,160 --> 00:29:53,200 Speaker 1: about gold and silver, we'll get some answers when American 588 00:29:53,200 --> 00:30:08,400 Speaker 1: Sunrise Early Edition comes right back. It's Thursday, July thirty. 589 00:30:08,440 --> 00:30:11,720 Speaker 1: First here this morning's top stories. FBI Director Cash Pattel 590 00:30:11,800 --> 00:30:16,880 Speaker 1: says he's uncovered multiple so called burn bags of Russia 591 00:30:16,880 --> 00:30:20,240 Speaker 1: collusion evidence that were slated for actual incineration by the 592 00:30:20,240 --> 00:30:23,920 Speaker 1: previous FBI leadership. Now Patel has handed that info over 593 00:30:23,960 --> 00:30:27,080 Speaker 1: to the committee headed by Iowa Senator Chuck Rassling. 594 00:30:28,760 --> 00:30:30,360 Speaker 2: The FED keeps interest. 595 00:30:30,080 --> 00:30:33,040 Speaker 1: Rates right where they are, despite increasing political pressure to 596 00:30:33,120 --> 00:30:36,000 Speaker 1: lower them. This comes as the US economy shows more 597 00:30:36,040 --> 00:30:38,720 Speaker 1: strength and expected. Now, just imagine where we'd be with 598 00:30:38,840 --> 00:30:42,280 Speaker 1: less credit card debt and more affordable homes. American Sunrise 599 00:30:42,280 --> 00:30:46,560 Speaker 1: Early Edition is on that and ahead on American Sunrise 600 00:30:46,560 --> 00:30:50,600 Speaker 1: Early Edition. Israel has an ultimatum for Hamas surrender now 601 00:30:50,640 --> 00:30:55,160 Speaker 1: and release the hostages, or Israeli forces will never leave 602 00:30:55,280 --> 00:30:58,360 Speaker 1: the Gaza strip. Meanwhile, President Trump is pushing back on 603 00:30:58,400 --> 00:31:02,120 Speaker 1: Western nations planning to recognize a pales Indian state that 604 00:31:02,200 --> 00:31:03,400 Speaker 1: doesn't even exist anyway. 605 00:31:03,440 --> 00:31:07,440 Speaker 2: Who's the president and September twenty ninth, roughly a month 606 00:31:07,480 --> 00:31:08,000 Speaker 2: from now. 607 00:31:08,080 --> 00:31:11,760 Speaker 1: That's when the Supreme Court will consider Giselayne Maxwell's request 608 00:31:11,840 --> 00:31:15,320 Speaker 1: to overturn her conviction for crimes connected to Jeffrey Epstein. 609 00:31:15,640 --> 00:31:18,760 Speaker 1: Anyone hoping to get any information out of her will 610 00:31:18,800 --> 00:31:23,440 Speaker 1: likely not get anywhere until then. American Sunrise Early Edition continues. Now, 611 00:31:28,640 --> 00:31:31,280 Speaker 1: welcome back to American Sunrise Early Edition. It's a Thursday. 612 00:31:31,320 --> 00:31:33,480 Speaker 1: I'm a Jake Novak Special. Welcome to those of you 613 00:31:33,920 --> 00:31:36,080 Speaker 1: who are already chatting away on the Getter and the 614 00:31:36,160 --> 00:31:37,200 Speaker 1: Rumble platforms. 615 00:31:37,200 --> 00:31:38,120 Speaker 2: Thank you so much for that. 616 00:31:38,680 --> 00:31:42,400 Speaker 1: Joining us now is Miles Franklin, Precious Metals founder and CEO, 617 00:31:42,440 --> 00:31:46,160 Speaker 1: Andy Sheckman. And Andy, First, I wanted to get your 618 00:31:46,200 --> 00:31:50,600 Speaker 1: take on the FED decision and Jay Powell's comments yesterday. 619 00:31:50,720 --> 00:31:52,720 Speaker 1: I'm going to ask you about President Trump just a minute, 620 00:31:52,760 --> 00:31:54,160 Speaker 1: but I want you just to stick to Pwell now 621 00:31:54,160 --> 00:31:57,080 Speaker 1: in the FED just for a minute. What's your economic 622 00:31:57,120 --> 00:31:59,480 Speaker 1: as opposed to as opposed to a political. 623 00:31:59,080 --> 00:32:01,120 Speaker 2: Take on what you saw yesterday and what you're seeing 624 00:32:01,120 --> 00:32:02,040 Speaker 2: in the markets. 625 00:32:01,680 --> 00:32:04,880 Speaker 5: Now, Well, it's obvious, Jake, it's good to be here, 626 00:32:04,920 --> 00:32:07,640 Speaker 5: by the way, and it's obvious that he's walking a 627 00:32:07,680 --> 00:32:16,000 Speaker 5: tightrope between reigniting inflation and slowing growth by tightening this. 628 00:32:16,000 --> 00:32:19,360 Speaker 5: This is a deal that I actually I'm not surprised 629 00:32:19,360 --> 00:32:22,000 Speaker 5: at all to see it. And also, you know, you 630 00:32:22,120 --> 00:32:24,360 Speaker 5: got to wonder at what point does he start to 631 00:32:24,480 --> 00:32:29,240 Speaker 5: feel the pressure of a politicized Fed. So to me, 632 00:32:29,600 --> 00:32:32,680 Speaker 5: this was to be expected. I guess the market would 633 00:32:32,720 --> 00:32:35,760 Speaker 5: tell you that they're expecting a cut in September. But 634 00:32:36,320 --> 00:32:38,200 Speaker 5: you know, I think inflation is a little bit higher 635 00:32:38,240 --> 00:32:40,560 Speaker 5: than they're telling us, and I think that's really behind 636 00:32:40,920 --> 00:32:43,160 Speaker 5: his motivation if we're talking economics. 637 00:32:44,400 --> 00:32:46,560 Speaker 1: Yeah, not only that though, but you know, I took 638 00:32:46,560 --> 00:32:49,040 Speaker 1: a look at that survey that they do to find 639 00:32:49,080 --> 00:32:51,440 Speaker 1: out you the FED funds future, basically what people believe 640 00:32:51,840 --> 00:32:54,920 Speaker 1: is going to be coming. And actually, after Powell opened 641 00:32:54,920 --> 00:32:56,840 Speaker 1: his mouth and finished his press conference, it went from 642 00:32:56,920 --> 00:33:00,000 Speaker 1: I think about sixty five percent expecting a cut in September. 643 00:33:00,320 --> 00:33:01,880 Speaker 1: Now I saw it was at forty nine. This is 644 00:33:01,880 --> 00:33:04,160 Speaker 1: pretty volatile. So I looked at that a few hours ago. 645 00:33:04,200 --> 00:33:06,360 Speaker 1: I don't know if it's back up over fifty percent. 646 00:33:06,760 --> 00:33:09,360 Speaker 1: But they didn't like what they heard from Palia today, 647 00:33:09,400 --> 00:33:12,400 Speaker 1: and they got the feeling that maybe he's less likely 648 00:33:12,440 --> 00:33:13,360 Speaker 1: to cut in September. 649 00:33:13,480 --> 00:33:14,920 Speaker 2: I don't wonder if you got the same impression. 650 00:33:16,000 --> 00:33:18,680 Speaker 5: Yeah, I just think that the truth of the matter 651 00:33:18,880 --> 00:33:22,320 Speaker 5: is that the CPI really understates inflation, and I think 652 00:33:22,320 --> 00:33:26,880 Speaker 5: that's their biggest concern that we are, you know, based 653 00:33:27,480 --> 00:33:30,200 Speaker 5: based upon their numbers, were right at that level, but 654 00:33:30,320 --> 00:33:34,560 Speaker 5: in reality we're probably a lot higher. Things that are excluded, 655 00:33:34,600 --> 00:33:37,720 Speaker 5: food and energy and housing from the CPI that really 656 00:33:37,800 --> 00:33:41,160 Speaker 5: hurt I think are still at elevated levels, and I 657 00:33:41,200 --> 00:33:45,000 Speaker 5: think they're inside, deep down, rather concerned. I think there 658 00:33:45,000 --> 00:33:48,719 Speaker 5: were only two policy dissenters, which is still unusual instead 659 00:33:48,720 --> 00:33:54,400 Speaker 5: of a unanimous decision. But I do think if inflation 660 00:33:54,560 --> 00:33:56,800 Speaker 5: were to start to really rear up again, it would 661 00:33:58,080 --> 00:34:01,840 Speaker 5: have a serious implication monetary policies. So for that reason, 662 00:34:01,880 --> 00:34:04,760 Speaker 5: I think they're holding steady. They just don't want to 663 00:34:04,800 --> 00:34:08,719 Speaker 5: reignite inflation after seeing the effects of it over the 664 00:34:08,800 --> 00:34:13,160 Speaker 5: last several years, and now I think most people feel 665 00:34:13,200 --> 00:34:16,520 Speaker 5: it in their checkbook that hey, inflation might actually feel 666 00:34:16,520 --> 00:34:18,439 Speaker 5: a little bit higher than the three percent that they're 667 00:34:18,480 --> 00:34:20,839 Speaker 5: telling us on so many of the things that we 668 00:34:20,880 --> 00:34:24,000 Speaker 5: need every day, and I think that's behind their decision making. 669 00:34:25,040 --> 00:34:27,400 Speaker 1: Yeah, if you're watching this and we're talking to Andy 670 00:34:27,400 --> 00:34:31,239 Speaker 1: Sheckman from Miles Franklin Precious Metals. If you're watching this 671 00:34:31,280 --> 00:34:33,759 Speaker 1: and wondering why the CPI, the Consumer Price Index, the 672 00:34:33,760 --> 00:34:38,080 Speaker 1: official inflation stat isn't really telling us the full story, 673 00:34:38,239 --> 00:34:39,640 Speaker 1: there's political reason for that. 674 00:34:39,680 --> 00:34:40,839 Speaker 2: There's a big political reason. 675 00:34:41,080 --> 00:34:44,440 Speaker 1: I'm old enough to remember three consecutive presidents who were 676 00:34:44,480 --> 00:34:46,880 Speaker 1: brought down by inflation in this country. And after the 677 00:34:46,920 --> 00:34:49,600 Speaker 1: third one, Jimmy Carter went down. It was Nixon, Ford 678 00:34:49,640 --> 00:34:52,880 Speaker 1: and then Carter, they decided to gin up that statistic, 679 00:34:52,960 --> 00:34:56,360 Speaker 1: basically helping both parties. Now, speaking of politics, Andy, I 680 00:34:56,400 --> 00:34:58,120 Speaker 1: want you to listen to President Trump's comments. 681 00:34:58,120 --> 00:35:00,480 Speaker 2: This came just as the FED was hold and goes 682 00:35:00,560 --> 00:35:01,640 Speaker 2: rates steady. Listen to this. 683 00:35:02,000 --> 00:35:04,680 Speaker 6: We should be lowering the rates. You know, each point 684 00:35:05,080 --> 00:35:09,879 Speaker 6: that this gentleman keeps up costs US three hundred and 685 00:35:09,920 --> 00:35:13,480 Speaker 6: sixty five billion dollars a year. Think of that one 686 00:35:13,520 --> 00:35:17,080 Speaker 6: point three hundred and sixty five billion dollars. If you 687 00:35:17,120 --> 00:35:19,080 Speaker 6: bring it down a point, we save three hundred and 688 00:35:19,160 --> 00:35:22,799 Speaker 6: sixty five. We should be the lowest interest rate, and 689 00:35:22,840 --> 00:35:25,719 Speaker 6: we're not. We're thirty eight number thirty eight because of 690 00:35:25,760 --> 00:35:30,640 Speaker 6: the Fed. It's all because of the Fed. He's done 691 00:35:30,680 --> 00:35:33,520 Speaker 6: a bad job. Now he's got a meeting today, but 692 00:35:33,680 --> 00:35:35,839 Speaker 6: I call him too late. You know, he's always too late. 693 00:35:35,960 --> 00:35:38,600 Speaker 6: Even if he does it today, probably won't. I hear 694 00:35:38,640 --> 00:35:41,279 Speaker 6: they're going to do it in September, not today for 695 00:35:41,320 --> 00:35:46,959 Speaker 6: what reason nobody knows. But Europe, as you know, cut 696 00:35:47,239 --> 00:35:51,239 Speaker 6: their rates eleven times in the last short period of time. 697 00:35:52,600 --> 00:35:55,120 Speaker 6: But the good news is we're doing better than anybody, 698 00:35:55,160 --> 00:35:57,880 Speaker 6: anyone in the world. Nobody's doing anything even close to us. 699 00:35:58,840 --> 00:35:59,839 Speaker 2: So Andy, let's talk Paul. 700 00:36:00,320 --> 00:36:02,440 Speaker 1: You know, you made a good point before about the 701 00:36:02,480 --> 00:36:03,360 Speaker 1: inflation situation. 702 00:36:03,480 --> 00:36:05,680 Speaker 2: But here's the problem with j Powell. Here's again we're 703 00:36:05,719 --> 00:36:06,680 Speaker 2: talking politics here. 704 00:36:07,160 --> 00:36:10,600 Speaker 1: Inflation and those stats were much worse back at the 705 00:36:10,680 --> 00:36:13,000 Speaker 1: end of last year, and he cut it twice. It 706 00:36:13,040 --> 00:36:15,920 Speaker 1: really feels like he did that, maybe to help the Democrats. 707 00:36:15,960 --> 00:36:18,120 Speaker 1: But whether he did that or not, it puts him 708 00:36:18,120 --> 00:36:21,839 Speaker 1: on a weaker political ground because they cut twice last 709 00:36:21,920 --> 00:36:24,320 Speaker 1: year when inflation was definitely worse than it is now. 710 00:36:24,760 --> 00:36:26,320 Speaker 2: I wonder how you look at that situation. 711 00:36:27,160 --> 00:36:29,880 Speaker 5: Yeah, well that would make sense heading into the election, 712 00:36:30,719 --> 00:36:35,320 Speaker 5: that that would make sense. And the political the politicization 713 00:36:35,600 --> 00:36:40,000 Speaker 5: of the of the FED is something that I think 714 00:36:40,040 --> 00:36:44,400 Speaker 5: they really don't want to get into and bending to 715 00:36:44,480 --> 00:36:47,160 Speaker 5: Trump would shine a light upon that. But you're right, 716 00:36:47,200 --> 00:36:49,480 Speaker 5: he is flip flopping, no question about it. And to 717 00:36:49,640 --> 00:36:53,480 Speaker 5: your point, in terms of the CPI look, you know, 718 00:36:53,560 --> 00:36:56,960 Speaker 5: you just look at shadowstats dot com John Williams, who 719 00:36:57,040 --> 00:36:59,759 Speaker 5: just post the numbers the way that they used to 720 00:36:59,840 --> 00:37:05,600 Speaker 5: be calculated prior to or prior to that to Carter 721 00:37:06,200 --> 00:37:09,480 Speaker 5: and before and he says, add eight to to that number, 722 00:37:09,520 --> 00:37:12,160 Speaker 5: we're at pretty close to eleven percent inflation. So the 723 00:37:12,239 --> 00:37:15,839 Speaker 5: reality is I think they understand that inflation really is 724 00:37:16,000 --> 00:37:18,480 Speaker 5: much worse than it says. And at the same time, 725 00:37:19,200 --> 00:37:22,080 Speaker 5: I don't think he wants to bend to Trump and 726 00:37:22,160 --> 00:37:26,640 Speaker 5: his wishes because it's supposed to be independence. The FED 727 00:37:26,719 --> 00:37:30,240 Speaker 5: and the present should should really be independent from one another. 728 00:37:30,320 --> 00:37:33,000 Speaker 5: And if he were to lower rates, I think the 729 00:37:33,040 --> 00:37:35,799 Speaker 5: perception would be that he's giving in, especially after the 730 00:37:35,840 --> 00:37:38,520 Speaker 5: comments last week when he said I think he's going 731 00:37:38,560 --> 00:37:40,640 Speaker 5: to do the right thing. I think he's trying to 732 00:37:40,680 --> 00:37:43,960 Speaker 5: stay remain autonomous from that and show his independence, show 733 00:37:44,000 --> 00:37:46,640 Speaker 5: his strength. But to your point, I can see why 734 00:37:46,680 --> 00:37:49,799 Speaker 5: that would appear as though he was pandering the Democratic 735 00:37:49,880 --> 00:37:54,520 Speaker 5: Party and doing all he can to stifle Trump's agenda. 736 00:37:54,680 --> 00:37:56,799 Speaker 1: Yeah, well, when you don't have much accountability, you're going 737 00:37:56,840 --> 00:37:58,400 Speaker 1: to get accused of political influence. 738 00:37:58,440 --> 00:38:01,480 Speaker 2: And I want to talk precious metals, then that's your wheelhouse. 739 00:38:02,560 --> 00:38:05,280 Speaker 1: How does all of this we're talking about higher inflation 740 00:38:05,320 --> 00:38:07,920 Speaker 1: than we're hearing about, we're talking about the interest rate situation. 741 00:38:08,000 --> 00:38:10,160 Speaker 1: We still do have a growing economy. I do believe 742 00:38:10,160 --> 00:38:10,840 Speaker 1: that statistic. 743 00:38:11,960 --> 00:38:13,680 Speaker 2: How does that gear. 744 00:38:13,920 --> 00:38:16,920 Speaker 1: Everyone to looking maybe at gold and silver and some 745 00:38:16,960 --> 00:38:18,959 Speaker 1: other commodity investments right now? 746 00:38:19,880 --> 00:38:23,359 Speaker 5: You know, to me, those numbers are noise, and it's 747 00:38:23,360 --> 00:38:26,080 Speaker 5: the periphery. To me, the only reason that people should 748 00:38:26,120 --> 00:38:28,160 Speaker 5: really be looking at gold and silver, well, not the 749 00:38:28,200 --> 00:38:31,319 Speaker 5: only reason, but the primary reason. For the last several years, 750 00:38:31,400 --> 00:38:34,640 Speaker 5: the most well funded, but more relevant, the most well 751 00:38:34,680 --> 00:38:38,200 Speaker 5: informed traders on the planet, the central banks. They've been 752 00:38:38,239 --> 00:38:40,839 Speaker 5: buying gold at a level no one has ever seen before. Now, 753 00:38:40,840 --> 00:38:44,600 Speaker 5: what's really unusual is that since November, the United States 754 00:38:44,600 --> 00:38:47,480 Speaker 5: has joined the party. Maybe someone within the Trump administration 755 00:38:47,840 --> 00:38:51,040 Speaker 5: administration said listen, this is happening and if we don't 756 00:38:51,040 --> 00:38:53,520 Speaker 5: get on board, we're in big trouble. And since November, 757 00:38:53,560 --> 00:38:56,280 Speaker 5: we've imported somewhere in the neighborhood of one hundred billion 758 00:38:56,320 --> 00:38:59,120 Speaker 5: that we know of billion worth of gold and silver 759 00:38:59,280 --> 00:39:01,960 Speaker 5: into the United S. It's become net importers of gold. 760 00:39:02,320 --> 00:39:05,440 Speaker 5: And I would simply say this unequivocally. For the past 761 00:39:05,520 --> 00:39:08,320 Speaker 5: four years, the most well funded and well informed traders 762 00:39:08,320 --> 00:39:13,360 Speaker 5: on the planet have made a drastic, drastic drive towards 763 00:39:13,880 --> 00:39:19,520 Speaker 5: accumulation and equally as relevant repatriation of gold from the 764 00:39:19,560 --> 00:39:22,800 Speaker 5: New York Federal Reserve, which gives direct access to COMEX, 765 00:39:23,239 --> 00:39:25,880 Speaker 5: and from the Bank of England, which gives direct access 766 00:39:25,960 --> 00:39:30,120 Speaker 5: to the LBMA. And these are central banks pulling it off. 767 00:39:30,160 --> 00:39:32,719 Speaker 5: We'd rather have it in our possession than the convenience 768 00:39:32,719 --> 00:39:35,120 Speaker 5: of access to these markets. And now we're seeing the 769 00:39:35,160 --> 00:39:37,479 Speaker 5: same thing here, which is more unusual than four feet 770 00:39:37,520 --> 00:39:40,120 Speaker 5: of snow in Palm Beach in July, and that is 771 00:39:40,160 --> 00:39:43,520 Speaker 5: that we're seeing huge amounts of gold deliveries and silver 772 00:39:43,560 --> 00:39:47,680 Speaker 5: deliveries into COMEX, with a lot of that metal leaving 773 00:39:47,719 --> 00:39:51,520 Speaker 5: the COMEX depositories, which is it's as as unusual as 774 00:39:51,560 --> 00:39:53,640 Speaker 5: anything I've ever seen in thirty five years. And that 775 00:39:53,640 --> 00:39:56,719 Speaker 5: should tell you that the big big money wouldn't be 776 00:39:56,800 --> 00:39:59,759 Speaker 5: making moves like this if they not expecting something very, 777 00:39:59,840 --> 00:40:02,960 Speaker 5: very significant as it pertains to gold. And then you 778 00:40:03,000 --> 00:40:06,520 Speaker 5: look at Trump's tweet on Easter Sunday, he who has 779 00:40:06,560 --> 00:40:09,880 Speaker 5: the gold makes the rules. He can go even deeper 780 00:40:09,920 --> 00:40:12,920 Speaker 5: with Secretary Percent being a self proclaimed goldbug in the 781 00:40:12,920 --> 00:40:15,560 Speaker 5: comments that Judy Shelton has made that they will issue 782 00:40:15,600 --> 00:40:19,400 Speaker 5: gold back treasuries July fourth, twenty twenty six. There's a 783 00:40:19,520 --> 00:40:22,839 Speaker 5: lot out there at a level that I think is 784 00:40:23,080 --> 00:40:26,920 Speaker 5: far beyond what the numbers say, far beyond the micro analysis, 785 00:40:27,120 --> 00:40:30,200 Speaker 5: and much more of a macro picture crumbs that are 786 00:40:30,280 --> 00:40:32,440 Speaker 5: leading to something much bigger for gold than I think 787 00:40:32,480 --> 00:40:35,280 Speaker 5: the numbers tell us, and most of the analysts frankly 788 00:40:35,280 --> 00:40:37,440 Speaker 5: would tell you, I. 789 00:40:37,400 --> 00:40:40,520 Speaker 1: Only have about thirty seconds left, Andy, But what would 790 00:40:40,520 --> 00:40:42,200 Speaker 1: do you What are you expecting to be the next 791 00:40:42,960 --> 00:40:45,200 Speaker 1: milestone and what's the next benchmark that you're looking for 792 00:40:45,280 --> 00:40:46,719 Speaker 1: one way or the other to tell us a little 793 00:40:46,760 --> 00:40:48,719 Speaker 1: bit more, because a lot of what you're saying is 794 00:40:48,800 --> 00:40:50,400 Speaker 1: it's kind of shrouded in a mystery where it's some 795 00:40:50,480 --> 00:40:52,960 Speaker 1: kind of a big move. What's another indicator that you're 796 00:40:52,960 --> 00:40:55,040 Speaker 1: looking out for in the coming months. 797 00:40:56,080 --> 00:40:58,960 Speaker 5: You know, in terms of in terms of indicators, there's 798 00:40:59,000 --> 00:41:02,280 Speaker 5: always numbers that you can breach, you know, and silver 799 00:41:02,600 --> 00:41:05,279 Speaker 5: or silver is very close to those numbers breaking out 800 00:41:05,360 --> 00:41:08,080 Speaker 5: right now, and in fact, it's at the very tip 801 00:41:08,200 --> 00:41:10,560 Speaker 5: end of the cup of a forty five year cup 802 00:41:10,600 --> 00:41:12,960 Speaker 5: and handle formation. So a lot of people are looking 803 00:41:13,000 --> 00:41:15,640 Speaker 5: for silver to break through forty and with very little 804 00:41:15,680 --> 00:41:19,280 Speaker 5: resistance between there and fifty guys the limit. It looks 805 00:41:19,400 --> 00:41:22,120 Speaker 5: just like gold did a year ago when it was 806 00:41:22,160 --> 00:41:25,200 Speaker 5: at around twenty one to twenty two hundred, finally broke 807 00:41:25,239 --> 00:41:27,600 Speaker 5: through and then you know, at all time highs people 808 00:41:27,600 --> 00:41:30,440 Speaker 5: got nervous. But here we are fifty percent ahead. I 809 00:41:30,440 --> 00:41:35,200 Speaker 5: think the indication will simply be the continuing accumulation by 810 00:41:35,239 --> 00:41:39,760 Speaker 5: central banks and the continuing accumulation by whomever is standing 811 00:41:39,800 --> 00:41:41,520 Speaker 5: for delivery here on Colmes. 812 00:41:41,600 --> 00:41:43,720 Speaker 2: This continued accumulation. 813 00:41:43,200 --> 00:41:46,359 Speaker 5: By that level of traders really, to me is all 814 00:41:46,360 --> 00:41:51,200 Speaker 5: I need to follow. The macro, the minutia, the numbers, 815 00:41:51,239 --> 00:41:54,560 Speaker 5: the inflation, the interest rates. All of that stuff, to 816 00:41:54,600 --> 00:41:57,400 Speaker 5: me is irrelevant because it's a trend that has been continuing, 817 00:41:57,760 --> 00:42:00,080 Speaker 5: and this is the biggest trend. To watch what the 818 00:42:00,080 --> 00:42:03,200 Speaker 5: big players who know the story are doing, and they 819 00:42:03,239 --> 00:42:05,319 Speaker 5: are the central banks, and they're putting a lot more 820 00:42:05,360 --> 00:42:08,600 Speaker 5: significance in their accumulation of gold than the price would 821 00:42:08,680 --> 00:42:10,520 Speaker 5: lead one to believe in a lot of that is 822 00:42:10,560 --> 00:42:14,239 Speaker 5: because of the concentrated short positions that we've seen on 823 00:42:14,280 --> 00:42:18,120 Speaker 5: the LBA and LBMA and comes for the first time, Jake, 824 00:42:18,239 --> 00:42:21,480 Speaker 5: the first time in my career is being challenged by 825 00:42:21,520 --> 00:42:24,920 Speaker 5: Stanford Delivery, and that's really the difference. If these stand 826 00:42:24,920 --> 00:42:28,920 Speaker 5: for deliveries continue, what that does is severely compromise the 827 00:42:28,960 --> 00:42:32,600 Speaker 5: ability of naked short contracts on comes or the LBMA, 828 00:42:33,120 --> 00:42:37,120 Speaker 5: which amounts to stupidity, akin to a mud wall. And 829 00:42:37,400 --> 00:42:40,279 Speaker 5: I think that's where we're going. Honestly, stay focused on 830 00:42:40,320 --> 00:42:43,680 Speaker 5: the deliveries and the Central Bank purchases. The rest is noise. 831 00:42:44,680 --> 00:42:45,279 Speaker 2: I appreciate it. 832 00:42:45,320 --> 00:42:48,560 Speaker 1: Andy Sheckman, Miles Franklin, Precious Metals founder and CEO, thank 833 00:42:48,600 --> 00:42:49,520 Speaker 1: you so much for joining us. 834 00:42:49,520 --> 00:42:50,560 Speaker 2: Have a great rest of your week. 835 00:42:50,719 --> 00:42:53,640 Speaker 5: Great to be here, Youtuo, Jake, thank you all right. 836 00:42:53,680 --> 00:42:57,320 Speaker 1: An organic skincare brand call Appeuriance has been turning heads 837 00:42:57,320 --> 00:43:01,160 Speaker 1: recently in l Cosmopolitan, LA Weekly, Todate. They've helped over 838 00:43:01,239 --> 00:43:03,200 Speaker 1: sixty thousand women to fall in love with their skin 839 00:43:03,239 --> 00:43:08,319 Speaker 1: complexion again. 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David Brody and I will break. 865 00:44:22,560 --> 00:44:25,359 Speaker 1: It down for you when American Sunrise Early Edition comes 866 00:44:25,440 --> 00:44:36,360 Speaker 1: right back. Baltimore, Maryland, the Inner Harbor, Ladies and gentlemen, 867 00:44:36,480 --> 00:44:40,920 Speaker 1: Good morning on American Sunrise Early Edition. Hey, folks, we 868 00:44:41,000 --> 00:44:43,560 Speaker 1: have a major betting scandal going on in Major. 869 00:44:43,480 --> 00:44:45,480 Speaker 2: League Baseball right now. It's called spot betting. 870 00:44:45,920 --> 00:44:47,360 Speaker 1: Just giving you the latest because there have been a 871 00:44:47,400 --> 00:44:48,759 Speaker 1: lot of scandals and then, you know what, I don't 872 00:44:48,760 --> 00:44:51,440 Speaker 1: blame you, folks if you don't know about them. This 873 00:44:51,480 --> 00:44:54,920 Speaker 1: is a story about Emmanuel Klace. He's a big relief 874 00:44:54,960 --> 00:44:58,759 Speaker 1: pitcher for Cleveland, very very good one. It looks like 875 00:44:58,840 --> 00:45:01,719 Speaker 1: he and another player, and this is all accusations, hasn't 876 00:45:01,760 --> 00:45:04,799 Speaker 1: been completely confirmed yet, but they were doing something called 877 00:45:04,840 --> 00:45:08,239 Speaker 1: spot betting, where your bet on each individual pitch. That's 878 00:45:08,280 --> 00:45:11,080 Speaker 1: how crazy some of this betting goes. That's not necessarily 879 00:45:11,120 --> 00:45:12,600 Speaker 1: what I want to talk about this morning, but there 880 00:45:12,600 --> 00:45:14,600 Speaker 1: have been a lot of scandals. Look it up, But 881 00:45:14,640 --> 00:45:16,440 Speaker 1: you have to look it up because what I do 882 00:45:16,480 --> 00:45:18,359 Speaker 1: want to talk about with David Brody is the fact 883 00:45:18,400 --> 00:45:21,399 Speaker 1: that the media is basically suppressing this and every other 884 00:45:21,480 --> 00:45:22,640 Speaker 1: betting scandal story of. 885 00:45:22,640 --> 00:45:23,560 Speaker 2: The last several years. 886 00:45:23,719 --> 00:45:25,600 Speaker 1: Yes, they do report on it, It's not like they 887 00:45:25,600 --> 00:45:28,239 Speaker 1: don't completely do it at all, but they bury it, 888 00:45:28,480 --> 00:45:29,440 Speaker 1: bury it, bury. 889 00:45:29,239 --> 00:45:30,480 Speaker 2: It, and then they don't talk about it again. 890 00:45:30,520 --> 00:45:32,600 Speaker 1: Are you aware, by the way, that the head coach 891 00:45:32,640 --> 00:45:37,279 Speaker 1: of the Alabama college baseball team was caught giving information 892 00:45:37,400 --> 00:45:40,560 Speaker 1: to his rival LSU in a betting scandal just a 893 00:45:40,560 --> 00:45:41,239 Speaker 1: couple of years ago. 894 00:45:41,239 --> 00:45:44,040 Speaker 2: You probably don't even know about that story. These betting sites. 895 00:45:44,080 --> 00:45:46,799 Speaker 1: The reason I think, David, is these betting sites have 896 00:45:46,880 --> 00:45:50,080 Speaker 1: a major advertising hold over all the media, not just 897 00:45:50,120 --> 00:45:52,960 Speaker 1: the sports betting at Sports Media, but all the media, 898 00:45:53,000 --> 00:45:54,880 Speaker 1: and they don't want to report on this stuff because 899 00:45:54,880 --> 00:45:57,160 Speaker 1: they are involved in this, at least indirectly. 900 00:45:58,360 --> 00:45:59,160 Speaker 2: And you know, if. 901 00:45:59,000 --> 00:46:02,560 Speaker 7: Pete Rose were alive today, be saying, really, really, you're 902 00:46:02,600 --> 00:46:04,719 Speaker 7: kidding me, because here's the deal. 903 00:46:05,760 --> 00:46:08,160 Speaker 2: Last year there was and I'll look it up right here. 904 00:46:08,200 --> 00:46:11,799 Speaker 7: It's San Diego Padres infielder was banned for life lifetime 905 00:46:11,840 --> 00:46:14,600 Speaker 7: ban because he bet on his own team, but there 906 00:46:14,640 --> 00:46:17,080 Speaker 7: were four others that bet on not their own team, 907 00:46:17,120 --> 00:46:20,960 Speaker 7: but just other games, and so they were basically banned 908 00:46:21,000 --> 00:46:23,239 Speaker 7: for a year. Now they're back with their teams. Look, 909 00:46:23,760 --> 00:46:25,960 Speaker 7: there's so much problem. There's so many problems here with 910 00:46:25,960 --> 00:46:27,920 Speaker 7: the media. But I go right to Major League Baseball, 911 00:46:27,920 --> 00:46:30,320 Speaker 7: which we can talk for a long time about. 912 00:46:30,640 --> 00:46:31,879 Speaker 2: But you can't. 913 00:46:31,680 --> 00:46:34,800 Speaker 7: Basically have all of these Major League Baseball games and 914 00:46:34,840 --> 00:46:37,719 Speaker 7: all the sponsored by fan Duel and Caesar Sports Book. 915 00:46:37,760 --> 00:46:39,920 Speaker 2: That's like basically having. 916 00:46:40,640 --> 00:46:44,840 Speaker 7: You know, I don't know, alcohol anonymous sponsored by Bacardi Rum. 917 00:46:45,080 --> 00:46:45,920 Speaker 2: You can't do it. 918 00:46:46,239 --> 00:46:48,640 Speaker 7: And it's you know, it's I mean, think about it, right, 919 00:46:48,640 --> 00:46:50,160 Speaker 7: it's the same thing. Anyhow, we gotta go. 920 00:46:50,400 --> 00:46:53,480 Speaker 1: We gotta run good analogy, all right, American Centrise, the 921 00:46:53,480 --> 00:46:54,959 Speaker 1: big show coming up for the next two hours. 922 00:46:55,000 --> 00:46:57,200 Speaker 2: I'll see you soon. Thanks everybody for watching.