WEBVTT - Why Is The Rent So Damn High?! 0:00:09.480 --> 0:00:14.800 Broadcasting live from the Abraham Lincoln Radio Studio, the George 0:00:14.840 --> 0:00:18.840 Washington Broadcast Center, Jack Armstrong and Joe, Katty. 0:00:18.840 --> 0:00:31.960 Arm Strong and Jack and He arm Drawn live from 0:00:32.280 --> 0:00:36.440 sto C. I'm sorry it's early alive from studios. It's 0:00:36.479 --> 0:00:39.360 a bad start. Clinging to life from studio se. 0:00:39.600 --> 0:00:46.400 Right right, honored on my deathbed from Studio CE dimly 0:00:46.520 --> 0:00:47.040 lit room. 0:00:47.600 --> 0:00:48.040 I don't know. 0:00:49.520 --> 0:00:51.920 This might not work today. We're under the tutelage of 0:00:51.920 --> 0:00:53.279 our general manager. 0:00:53.280 --> 0:00:55.280 The United States Military. 0:00:56.000 --> 0:00:58.440 A couple of big military stories today I want to 0:00:58.440 --> 0:01:01.760 talk about and Bye Gully. The nation that can't defend 0:01:01.840 --> 0:01:04.480 itself will not be a nation for long, high priority. 0:01:04.560 --> 0:01:05.880 We'll get to it. Yeah, I love that. 0:01:06.080 --> 0:01:08.080 Did we figure out yet why that plane rolled off 0:01:08.120 --> 0:01:09.440 the aircraft carrier into the sea. 0:01:09.520 --> 0:01:11.759 Do we know the answer to that yet? Not too much? 0:01:11.959 --> 0:01:14.080 Well, I forgot this. That's the parking break, and I 0:01:14.080 --> 0:01:16.560 feel terrible about it. But yes, it's on me. 0:01:17.240 --> 0:01:18.840 I don't care if we get lied to. 0:01:19.000 --> 0:01:21.520 I mean, if the Huthi's shot at us and somehow 0:01:21.560 --> 0:01:23.560 cause that to happen and we don't want to admit that, 0:01:23.760 --> 0:01:27.440 I'm fine with that. I'm pro fog of war. The 0:01:27.480 --> 0:01:29.000 other side, does it we get to do it too, 0:01:29.920 --> 0:01:33.319 but not fog of stupid But yeah, no, I want 0:01:33.360 --> 0:01:35.480 to know if it was incompetence of some sort that's like, 0:01:35.600 --> 0:01:37.840 oh my god, we shouldn't be making mistakes like that, 0:01:38.480 --> 0:01:42.040 right not go discipline, et cetera. I found this. I 0:01:42.080 --> 0:01:45.440 came across this yesterday. Funny you brought that up the ten. 0:01:45.920 --> 0:01:48.360 It's actually a list of the eight most powerful air 0:01:48.360 --> 0:01:52.760 forces on Earth. Hm. Four of the top five or 0:01:52.800 --> 0:01:58.160 the US. How many air forces do we have total? 0:01:59.040 --> 0:01:59.560 I got y. 0:01:59.760 --> 0:02:01.840 Yeah, number one air force in the world is the 0:02:01.920 --> 0:02:04.560 United States Air Force. The number two air force in 0:02:04.600 --> 0:02:07.600 the world is the United States Navy. The number four 0:02:07.640 --> 0:02:09.520 air force in the world is the Army. In number 0:02:09.520 --> 0:02:12.000 five is the Marines. So for of the top five 0:02:12.000 --> 0:02:15.120 air forces in the world are US and then in 0:02:15.120 --> 0:02:17.040 the middle Therey you get the Russian Air Force, which 0:02:17.080 --> 0:02:18.680 I'm kind of surprised by that. 0:02:18.720 --> 0:02:22.200 It's bigger than China. China is down at seven. Hmmm. 0:02:23.720 --> 0:02:27.400 Interesting, Yeah, well good for us, Yeah, exactly. I liked 0:02:27.400 --> 0:02:30.080 a little shot of Hey we're number one. I needed 0:02:30.240 --> 0:02:30.720 I needed that. 0:02:31.800 --> 0:02:33.520 Yeah, we need to beef up the navy. 0:02:33.560 --> 0:02:35.880 Part of our navy certainly, although that is one of 0:02:35.919 --> 0:02:38.480 the defense stories. We're going to be talking about a. 0:02:38.160 --> 0:02:41.360 Major infusion of what seems to be some fairly well 0:02:41.360 --> 0:02:44.320 directed cash. The Pentagon's way, well, I heard what at 0:02:44.360 --> 0:02:47.760 least been proposed by Congress. It's tough with the Pentagon 0:02:47.960 --> 0:02:52.400 and reports like this, because it's the money spigot of 0:02:52.400 --> 0:02:53.360 all money spigots. 0:02:53.520 --> 0:02:55.120 If you can, if you can, and. 0:02:57.280 --> 0:03:00.480 Not that you know, we are in a country patriots 0:03:00.480 --> 0:03:02.320 wanting to do our best, but there are also you know, 0:03:02.400 --> 0:03:04.000 there are plenty of people then think, you know this 0:03:04.080 --> 0:03:08.280 weapon system over here that I benefit from, Here's why 0:03:08.320 --> 0:03:11.200 you should spend the money on this instead of that one. 0:03:11.240 --> 0:03:13.120 And there was a report out yesterday that we are 0:03:13.280 --> 0:03:20.200 not prepared for the new drone world of fighting, which 0:03:21.840 --> 0:03:26.240 the Ukraine in Russia have you know, changed warfare probably forever. 0:03:26.520 --> 0:03:28.720 And I mentioned yesterday I was listening to a podcast, 0:03:28.800 --> 0:03:31.959 this Great Daily Ukrainian podcast, where it was quoting a 0:03:32.000 --> 0:03:36.280 number of Ukrainian leaders about how like, for instance, armored 0:03:36.360 --> 0:03:41.280 vehicles are irrelevant now after are years of tanks, armored 0:03:41.320 --> 0:03:43.720 vehicles are irrelevant now. They did have other guests on 0:03:43.760 --> 0:03:47.160 who said that's not true because, for instance, Great Britain 0:03:47.320 --> 0:03:52.000 is working on an anti drone weapon that will make 0:03:52.080 --> 0:03:54.880 drones useless. And this might just be a little blip 0:03:55.240 --> 0:03:58.000 of little mass drones coming in taking out your tanks, 0:03:58.080 --> 0:04:00.480 and the ability to shoot them down will over take that. 0:04:01.120 --> 0:04:02.920 You know, it's a constant back and forth. Who knows. 0:04:02.960 --> 0:04:05.280 I certainly don't know, but that wouldn't surprise me. 0:04:06.000 --> 0:04:07.480 One of the updates I wanted to share a had 0:04:07.480 --> 0:04:12.640 to do with the US in absolute overdrive developing our 0:04:12.800 --> 0:04:13.640 drone program. 0:04:13.760 --> 0:04:15.640 So that's an interesting light to shed on it what 0:04:15.800 --> 0:04:16.320 you just said. 0:04:16.360 --> 0:04:18.760 Certainly, but they're talking about the front lines in Ukraine 0:04:18.880 --> 0:04:22.520 and how the drones have just changed that warfare. So 0:04:22.560 --> 0:04:25.960 it's trench warfare, World War One style, but you add 0:04:26.000 --> 0:04:28.680 in drones and you're in that trench and you hear 0:04:28.720 --> 0:04:32.600 a buzzin and here comes, you know, two hundred drones. 0:04:32.640 --> 0:04:34.919 Whether you're they're coming at you as a Russian or 0:04:34.920 --> 0:04:37.000 North Korean, or whether they're coming at you was a 0:04:37.120 --> 0:04:41.560 Ukrainian maybe, soon to be Frenchmen, Englishmen in German maybe, 0:04:41.960 --> 0:04:45.200 but anyway, you hear the drones coming and they hunt 0:04:45.240 --> 0:04:49.159 you down. You take off running and one drone will 0:04:49.200 --> 0:04:51.719 chase you until it catches up to you and shoots you. 0:04:52.440 --> 0:04:53.800 Right, How brutal is that? 0:04:54.920 --> 0:04:58.760 I suspect strongly that the good folks at Boston Dynamics 0:04:58.800 --> 0:05:02.560 and wherever DARPA is spending its money, are frantically working 0:05:02.600 --> 0:05:07.719 to replace the aforementioned human being with yet another drone, right, 0:05:07.880 --> 0:05:10.039 some sort of R two D two looking thing with 0:05:10.080 --> 0:05:13.960 a machine gun. And so there's no need to have 0:05:14.160 --> 0:05:18.600 much of a trench and food and water and sanitation 0:05:18.680 --> 0:05:20.640 and the rest of it, because it'll be drones firing 0:05:20.720 --> 0:05:21.440 at the drones. 0:05:21.800 --> 0:05:22.040 Right. 0:05:22.960 --> 0:05:25.640 Yeah, that's all really interesting stuff. I just hope we're 0:05:25.680 --> 0:05:27.240 on the cutting edge of it, in the front of it, 0:05:27.279 --> 0:05:32.080 and not you know, a power leaning on the force 0:05:32.160 --> 0:05:34.520 that would have been dominant twenty years ago but is 0:05:34.600 --> 0:05:38.240 no longer that dominant because technology has changed. And you know, 0:05:38.360 --> 0:05:42.000 you know what kills off in big countries or any 0:05:42.080 --> 0:05:45.279 organization is you just you get big and slow and 0:05:45.480 --> 0:05:48.200 stuck in the past, and bureaucracy does not allow you 0:05:48.320 --> 0:05:50.719 to innovate and change because there are a bunch of 0:05:50.839 --> 0:05:53.039 corporations that want you to still build the same plane 0:05:53.080 --> 0:05:53.440 in tank. 0:05:54.120 --> 0:05:55.080 Sure. Yeah. 0:05:55.240 --> 0:05:59.599 One of the great uneasy tensions in any government, and 0:05:59.600 --> 0:06:02.520 certainly out of a superpower. And if you go around 0:06:02.600 --> 0:06:06.239 spouting spouting only one half of this, you're the classic 0:06:06.320 --> 0:06:11.479 example of knowing just enough to be dangerous. A the 0:06:11.560 --> 0:06:18.360 need for a robust, powerful, overwhelming, terrifying defense. Okay, but 0:06:18.480 --> 0:06:22.039 that costs zillions of dollars. Has Jack put it earlier, 0:06:22.400 --> 0:06:27.480 It's an enormous money spigot constantly flowing full. Well, what 0:06:27.560 --> 0:06:34.760 does an enormous money spigot attract? Greed heads, fraud, corruption, 0:06:35.560 --> 0:06:38.760 the rest of it? But where are the military industrial complex? 0:06:39.120 --> 0:06:41.200 And so we've got the never ending need for the 0:06:41.200 --> 0:06:44.200 giant money's picket, and the never ending need to protect 0:06:44.200 --> 0:06:49.440 ourselves against those who would, you know, drain us unjustifiedly 0:06:49.640 --> 0:06:54.120 or dishonestly. Just it must be ever ever vigilant. It 0:06:54.240 --> 0:06:57.360 never goes away that challenge. Yeah, Russia, this story came 0:06:57.360 --> 0:07:01.159 out yesterday. Russia is helping North Korea with planes and boats, 0:07:02.160 --> 0:07:05.480 beefing up their air force using my finger quotes and navy, 0:07:06.160 --> 0:07:08.599 and in exchange for giving you a bunch of young 0:07:08.640 --> 0:07:09.240 men that we. 0:07:10.920 --> 0:07:16.240 Waste horribly as Russians do. But one other thing, and 0:07:16.280 --> 0:07:18.800 all that is the story that broke yesterday afternoon. It 0:07:18.840 --> 0:07:23.760 did happen as predicted that. Apparently, when Trump and Zelensky 0:07:23.800 --> 0:07:25.440 got together to the Vatican the other day, they were 0:07:25.440 --> 0:07:27.600 talking about that mineral rights deal and it has come 0:07:27.640 --> 0:07:31.320 together and gotten signed. So we're now invested in Ukraine. 0:07:31.960 --> 0:07:35.960 And does that mean we're invested invested like, hey, Russia, 0:07:36.160 --> 0:07:39.320 don't be messing with our investment. Is that what's happening here? 0:07:40.160 --> 0:07:42.000 Or what is it just a money grab? 0:07:42.080 --> 0:07:42.520 Is it both? 0:07:43.720 --> 0:07:46.400 It could be one of the most brilliant and innovative 0:07:47.120 --> 0:07:51.040 diplomatic moves I've ever witnessed. Could be We're not, but 0:07:51.160 --> 0:07:53.400 we will absolutely talk about that. 0:07:53.960 --> 0:07:57.280 Yeah. If it's a no, we're not getting involved in 0:07:57.320 --> 0:07:57.640 the war. 0:07:57.680 --> 0:07:59.200 We have no interest in fighting you, but we do 0:07:59.240 --> 0:08:01.560 have a big finance interest in these minds, so you 0:08:01.720 --> 0:08:02.679 better stop. 0:08:03.520 --> 0:08:04.360 Yeah. Yeah. 0:08:04.440 --> 0:08:08.360 Speaking of long unproductive wars, Jack, one war that we've 0:08:08.400 --> 0:08:11.720 been fighting for some time is starting to look better 0:08:11.760 --> 0:08:14.000 and better like we might win it. That is the 0:08:14.200 --> 0:08:19.640 war on the penny by partisan support for eliminating the penny. 0:08:19.880 --> 0:08:23.360 Wow of my minor gee, Hods, this one time change 0:08:23.400 --> 0:08:25.440 is next. We get this taken care of, then it's 0:08:25.440 --> 0:08:27.800 on to the time change. That's pretty much at the 0:08:27.960 --> 0:08:30.200 end of your long ge hot day. You look up 0:08:30.200 --> 0:08:32.440 at the clock, you got six seven minutes left in 0:08:32.480 --> 0:08:34.080 the day, and what's. 0:08:33.840 --> 0:08:36.439 A LoVa penny? Damn pennies. 0:08:36.960 --> 0:08:39.040 You're not gonna spend all day railing about it, but 0:08:39.200 --> 0:08:40.600 it's worth a few minutes, Michael. 0:08:40.880 --> 0:08:42.680 I just think it's a wonderful time to be alive 0:08:43.120 --> 0:08:45.360 and see the penny go penny going possibly, you know, 0:08:45.440 --> 0:08:48.840 daylight saving time. It is wonderful. Let's start the show officially. 0:08:48.840 --> 0:08:50.960 I'm Jack Armstrong. He's Joe Getty on this it is 0:08:51.000 --> 0:08:53.200 Oh boy, it's Thursday. It's May first. The rent is 0:08:53.280 --> 0:08:58.160 due your twenty it's too damn damn right, man. I 0:08:58.280 --> 0:09:00.760 have my rent set auto pay like you probably do. 0:09:00.840 --> 0:09:02.960 And so you get the email saying my rent's what? 0:09:03.200 --> 0:09:06.480 I forgot it so much? Why is rent so damn high? 0:09:06.679 --> 0:09:08.840 The year twenty twenty five were Armstrong and getting we 0:09:08.840 --> 0:09:09.840 approved of this program. 0:09:10.120 --> 0:09:12.920 Let's beginning then, officially according to the FCC rules regulations. 0:09:12.920 --> 0:09:14.360 What a show it's going to be. Here we go 0:09:14.480 --> 0:09:18.680 at mark Hi everyone, Thank you all, thank you, thank you. 0:09:21.559 --> 0:09:23.599 And Dougie's here too. 0:09:24.000 --> 0:09:30.160 Why oh please have a seat, please have a seat. 0:09:31.480 --> 0:09:35.280 Oh oh, it's wonderful to be home and thank you. 0:09:37.200 --> 0:09:40.920 Oh my lord, I thought I remembered how off putting 0:09:41.000 --> 0:09:41.400 she was. 0:09:42.160 --> 0:09:43.720 It in faded in my memory. 0:09:44.240 --> 0:09:47.559 Kamala Harris with her comeback speech for some reason, no 0:09:47.800 --> 0:09:55.320 Ah and Douggie's here too. Where did they find people 0:09:55.360 --> 0:09:57.400 willing to cheer her like she was missed? 0:09:58.280 --> 0:10:02.120 That was my first question. Explain your enthusiasm to me, 0:10:02.360 --> 0:10:03.040 take your time. 0:10:04.920 --> 0:10:07.040 Where did those people come from? Here's my favorite thing 0:10:07.240 --> 0:10:09.120 before we take a break from Charles C. A. Cook 0:10:09.120 --> 0:10:12.360 about Kamala's speech, because he was responding to some article 0:10:12.360 --> 0:10:15.000 about there's a clamoring for her voice right now, and 0:10:15.080 --> 0:10:15.720 Charles CW. 0:10:15.840 --> 0:10:17.320 Cook wrote, there is not. 0:10:17.920 --> 0:10:20.440 There has, in fact, never ever been less of a 0:10:20.480 --> 0:10:22.920 clamoring for anything that is on off er. In the 0:10:23.000 --> 0:10:25.920 history of clamoring, no people has ever clamored less than 0:10:25.960 --> 0:10:28.640 the American people are clamoring for Kamala Harrison's voice. 0:10:28.720 --> 0:10:31.080 She is clamorless. She has a hollow clamor. 0:10:31.160 --> 0:10:38.080 Ee who wrote the original line with a straight face, 0:10:38.200 --> 0:10:41.160 I guess that American's clamoring for her voice? 0:10:41.400 --> 0:10:41.480 What? 0:10:41.840 --> 0:10:46.760 Oh, that is funny. We got Katie's headlines on the way. 0:10:46.800 --> 0:10:48.520 More news of the day, lots of stuff. Hope you 0:10:48.520 --> 0:10:54.200 can stay here. I'm gonna steal a headline from you, 0:10:54.280 --> 0:10:56.840 Katie that you probably don't have because it just came across. 0:10:57.240 --> 0:11:02.160 Mark Halpern, who has tremendous sources, is tweeting out. He 0:11:02.240 --> 0:11:05.600 says three sources tell him that Mike Waltz, the currently 0:11:05.720 --> 0:11:10.000 National Security Advisor, and the deputy Alex Wang are out 0:11:10.080 --> 0:11:14.400 the door as early as today. Yeah, so be kind 0:11:14.400 --> 0:11:17.880 of interesting to see. Why not shocked. 0:11:18.040 --> 0:11:20.600 I hate that because I like Walltz. He's a good 0:11:20.640 --> 0:11:21.400 guy and a smart guy. 0:11:21.440 --> 0:11:26.079 But yeah, it was that whole Jeffrey Goldberg a signal 0:11:26.200 --> 0:11:30.040 chat thing. But Trump's too strong willed to get rid 0:11:30.080 --> 0:11:33.439 of him then, like it's a reaction to criticism. 0:11:33.559 --> 0:11:36.120 He'll just wait and then shove him out the door 0:11:36.400 --> 0:11:40.240 when somebody's looking in the other direction. Okay, well he 0:11:40.320 --> 0:11:43.200 is more of a traditional we need to support Ukraine 0:11:44.320 --> 0:11:47.240 attack Iran guy, and maybe they didn't want his voice 0:11:47.240 --> 0:11:47.680 around on that. 0:11:47.800 --> 0:11:51.000 I don't know, I wonder. Yeah, all right, so much 0:11:51.040 --> 0:11:53.280 to talk about today. Let's get started to figure out 0:11:53.600 --> 0:11:56.360 who's reporting what. It's the lead story with Katie Green. 0:11:56.320 --> 0:11:58.440 Katie, starting with ABC News. 0:11:58.840 --> 0:12:02.960 Trump says he's not in a rush to make trade deals. Quote, 0:12:03.280 --> 0:12:05.720 they want us, we don't need them. 0:12:06.000 --> 0:12:06.200 Yeah. 0:12:06.240 --> 0:12:08.240 I saw part of the town hallidd on News Nation 0:12:08.400 --> 0:12:10.400 last night and he said, yeah, we're in the catbird seat, 0:12:10.440 --> 0:12:12.720 he said several times, which we either we are or 0:12:12.720 --> 0:12:15.680 we aren't. But from a negotiating deal, acting like you 0:12:15.720 --> 0:12:18.040 can take it or leave it is always a good 0:12:18.080 --> 0:12:18.560 place to be. 0:12:19.240 --> 0:12:23.920 Trumpian strategic chaos in the midst of negotiation yep USA. 0:12:24.000 --> 0:12:29.360 Today, Ukraine and United States sign long awaited minerals. 0:12:28.920 --> 0:12:30.600 And reconstruction deal. 0:12:31.480 --> 0:12:34.640 How it develops and what it means ultimately a really 0:12:34.640 --> 0:12:35.560 interesting topic. 0:12:36.960 --> 0:12:40.600 From the Washington Post, China Signal. I'm sorry, can I'm skinned. 0:12:40.600 --> 0:12:41.040 I jumped in. 0:12:41.280 --> 0:12:45.240 The one thing that offended me as an American was 0:12:45.360 --> 0:12:47.800 the idea and Trump expressed this several times that they. 0:12:47.679 --> 0:12:50.720 Need to pay us back for what we spent. 0:12:51.600 --> 0:12:55.640 You can't retroactively convert a gift into a loan, and 0:12:55.679 --> 0:12:58.360 I mean that's despicable on a human level and certainly 0:12:58.400 --> 0:13:01.040 in conducting foreign policy going for nobody would ever take 0:13:01.080 --> 0:13:01.680 us seriously. 0:13:01.800 --> 0:13:03.320 Again, that's been dropped. 0:13:03.360 --> 0:13:05.560 Yeah, I'm glad to part of the deal, even according 0:13:05.559 --> 0:13:06.559 to NPR this morning. 0:13:07.160 --> 0:13:11.840 All right from the Washington Post, China Signals ever so 0:13:11.920 --> 0:13:15.080 obliquely that it's more open to trade talks. 0:13:16.360 --> 0:13:20.040 Well, it better be there. They're sinking quickly to their knees. 0:13:20.200 --> 0:13:25.600 More on that to come. Major economics update, including how 0:13:25.640 --> 0:13:29.160 misleading some of yesterday's economics were that everybody was talking 0:13:29.200 --> 0:13:33.680 about all day long. We will remove the scales from 0:13:33.679 --> 0:13:35.560 your eyes. To paraphrase the Good Book. 0:13:35.600 --> 0:13:37.400 Of course, your daughter might have to get by with 0:13:37.679 --> 0:13:39.880 just one dollar this year, according to Trump, So we'll 0:13:39.880 --> 0:13:40.760 have that for you later. 0:13:40.880 --> 0:13:42.440 That's quite there. Quite the statement. 0:13:42.480 --> 0:13:45.240 If you haven't heard it, doll shortach, Yes, stay tuned. 0:13:46.360 --> 0:13:47.160 From Breitbart. 0:13:47.720 --> 0:13:53.520 Kilmar Obrego, Garcia's wife filed second protective order in twenty twenty, 0:13:53.840 --> 0:13:57.960 said he's made murder threats and quote, my kids are afraid. 0:13:58.080 --> 0:14:00.760 Oh that's horrible, horrible, horrible, horrible. 0:14:01.040 --> 0:14:04.480 And he's now the Rosa parks of the Democratic Party. 0:14:04.920 --> 0:14:07.959 Good strategy from NBC. 0:14:08.559 --> 0:14:14.320 Judge rules Palestinian activists mcmood Khalil can fight wrongful detention 0:14:14.600 --> 0:14:16.000 case in federal court. 0:14:17.800 --> 0:14:20.040 You had to contradict what I said seconds ago. Yeah, 0:14:20.040 --> 0:14:21.760 we do have to follow the rules. I mean, we're 0:14:21.800 --> 0:14:22.600 a nation of laws. 0:14:22.720 --> 0:14:24.800 Do you see all the detainees there at that place 0:14:24.840 --> 0:14:29.080 in Texas that made an SOS for planes flying overhead yesterday, 0:14:29.600 --> 0:14:30.200 No miss that. 0:14:30.360 --> 0:14:31.880 I don't know who came up with that idea. 0:14:32.040 --> 0:14:36.600 That was a great, great play into the hand of 0:14:36.680 --> 0:14:37.840 the Trump Hayton media. 0:14:37.960 --> 0:14:40.160 They just loved that. Of course, look. 0:14:39.960 --> 0:14:42.280 At all those detainees making an SOS in the dirt 0:14:42.280 --> 0:14:45.120 in Texas to try to save their lives. 0:14:46.480 --> 0:14:49.720 Great vicial too, Yeah, we love, we love a good visual. 0:14:49.880 --> 0:14:52.760 In fact, no story matters on TV news unless there's 0:14:52.800 --> 0:14:53.440 a good visual. 0:14:55.160 --> 0:14:59.239 From the Wall Street Journal, US Army plans massive increase 0:14:59.320 --> 0:15:00.960 in its use of drones. 0:15:01.720 --> 0:15:02.880 They're saying the shift to. 0:15:02.880 --> 0:15:06.160 More small unmanned aircraft is based on lesson to learn 0:15:06.360 --> 0:15:07.800 from the Ukraine battlefield. 0:15:07.880 --> 0:15:10.480 Yeah, we're just talking about that. Gotta major look into 0:15:10.480 --> 0:15:11.480 that coming up as well. 0:15:12.560 --> 0:15:16.800 From the New York Post, team charged in Tesla firebombing 0:15:17.480 --> 0:15:23.160 released from federal custody to continue gender affirming medical care. 0:15:23.560 --> 0:15:27.920 Yeah right, all right, samany it was amazing how many 0:15:27.920 --> 0:15:30.920 of these jobs burning up Tesla's were. 0:15:31.160 --> 0:15:35.360 Gender bending lunatics. What's up with that? Wow, that's charitable. 0:15:37.600 --> 0:15:38.600 From the New York Times. 0:15:39.520 --> 0:15:46.600 In an uncertain economy, McDonald's is seeing a spending decline. 0:15:46.880 --> 0:15:50.360 Yeah, I just saw a thing up on the TV 0:15:50.600 --> 0:15:54.160 snack foods go stale on the something about sales for 0:15:54.240 --> 0:15:54.920 snack foods. 0:15:55.080 --> 0:15:55.920 So we eating less. 0:15:55.840 --> 0:15:58.520 McDonald's and crappy food so in store for some reason, 0:15:58.760 --> 0:15:59.200 I'd be good. 0:15:59.400 --> 0:16:00.720 I have Key k Jr. 0:16:00.960 --> 0:16:04.840 Is making America healthy again. Jack, he's successful. He's doing 0:16:04.840 --> 0:16:05.160 his thing. 0:16:06.600 --> 0:16:12.120 From page six, Kanye West doubles down on being wife 0:16:12.200 --> 0:16:16.240 Bianca's quote master after they get back together. 0:16:16.320 --> 0:16:19.760 I didn't realize they'd gotten back together. Wow. 0:16:20.880 --> 0:16:25.920 Yeah, it's a shock that both ends of that relationship 0:16:25.920 --> 0:16:26.760 are a little nutty. 0:16:28.760 --> 0:16:33.640 And finally, the Babylon be global birth rates hit historic 0:16:33.760 --> 0:16:37.320 lows as Elon Musk is busy with Doge. 0:16:38.760 --> 0:16:42.560 Les less busy starting yesterday, I guess so had the 0:16:42.600 --> 0:16:46.880 headline break on my phone last night, Tesla board searching 0:16:46.920 --> 0:16:51.040 for Musk's successor, wanting to replace Elon Musk for running Tesla. 0:16:51.440 --> 0:16:53.760 But then the Financial Times with the headline today Tesla 0:16:53.800 --> 0:16:56.880 board denies launching search for Musk's successor, which doesn't mean 0:16:56.920 --> 0:16:58.560 it's not happening, but they are denying it. 0:16:59.240 --> 0:17:01.760 Yeah, they might have just trying to be trying to stare. 0:17:02.240 --> 0:17:04.040 I'm sorry, Can I have a second take on that, Michael, 0:17:04.160 --> 0:17:05.720 They're trying to scare him straight. 0:17:06.480 --> 0:17:08.240 Hey, you might want to pay attention to the most 0:17:08.280 --> 0:17:09.600 valuable car company in the world. 0:17:10.840 --> 0:17:13.560 Yeah, if you get a minute, Yeah, exactly. 0:17:14.320 --> 0:17:16.280 So all that stuff Joe teased, and a bunch of 0:17:16.280 --> 0:17:18.200 other things coming up. If you missed a segment, get 0:17:18.200 --> 0:17:20.160 the podcast Armstrong and Getty on demand. 0:17:22.800 --> 0:17:24.000 Armstrong and Getty. 0:17:25.440 --> 0:17:28.159 President Trump and Bortally spoke on the phone yesterday with 0:17:28.240 --> 0:17:31.800 Amazon founder Jeff Bezos. But even he doesn't know how 0:17:31.800 --> 0:17:33.440 to cancel your prime membership. 0:17:34.640 --> 0:17:36.719 It because I don't think I need it anymore. 0:17:37.680 --> 0:17:40.760 Well, because I'm the president, so the savings matter less. 0:17:43.840 --> 0:17:47.840 I don't think I need any more. That's it. That's 0:17:47.880 --> 0:17:49.160 pretty amusing, that is. 0:17:49.240 --> 0:17:52.919 And so that was the whole tariffs on Amazon stuff, 0:17:53.760 --> 0:17:55.560 to show why the prices went up, And did the 0:17:55.560 --> 0:17:59.560 tariffs have anything to do with the shrinking of the 0:17:59.560 --> 0:18:03.560 econo that came out yesterday? People saying yes, people saying no. Maybe, 0:18:03.640 --> 0:18:05.200 Jokin tell us, I will. 0:18:05.800 --> 0:18:10.400 I will share with you the product of my reading 0:18:10.560 --> 0:18:13.600 far too much yesterday about all of this and this 0:18:13.640 --> 0:18:16.760 morning as well. So, first of all, to belabor the 0:18:16.840 --> 0:18:19.760 fact that the drive by media are terrible at their 0:18:19.840 --> 0:18:22.960 jobs and biased seems unnecessary at this point, Can we 0:18:23.040 --> 0:18:25.439 just stipulate that your honor, so be it? 0:18:25.760 --> 0:18:26.479 Moving along? 0:18:27.040 --> 0:18:29.399 Of course, what most of us heard yesterday did not 0:18:30.440 --> 0:18:33.160 enlighten us much and in fact obscured the truth. Here's 0:18:33.200 --> 0:18:35.960 what you need to know. So the GDP on an 0:18:36.000 --> 0:18:39.359 annualized basis shrunk the announced yesterday right the first quarter? 0:18:39.600 --> 0:18:42.040 Is that Trump's economy or not, blah blah blah doesn't 0:18:42.240 --> 0:18:45.080 really matter much, not yet. 0:18:45.600 --> 0:18:48.040 Here's the one thing you need to know. How do 0:18:48.080 --> 0:18:50.600 we figure the GDP? I was trying to remember. I 0:18:50.760 --> 0:18:53.320 learned that ages ago and have to be reminded of 0:18:53.400 --> 0:19:01.640 a few years. GDP is calculated by adding consumption, government expenditures, investments, 0:19:02.240 --> 0:19:06.679 and exports together and subtracting imports. 0:19:08.000 --> 0:19:09.200 That's how you get the GDP. 0:19:09.640 --> 0:19:12.040 Now, the reason that last part is so significant G 0:19:12.760 --> 0:19:14.040 for gross domestic product? 0:19:14.080 --> 0:19:15.200 Did we say that it is? Indeed? 0:19:15.280 --> 0:19:18.000 Yes, thank you, that's excellent. Let's not be too hip 0:19:18.000 --> 0:19:23.960 for the room. So the reason that is significant is that, 0:19:24.080 --> 0:19:26.080 as the headline from the journal puts it, the rush 0:19:26.160 --> 0:19:29.159 to beat tariffs is distorting the economy. 0:19:29.520 --> 0:19:33.200 And there's more to come. Short version, there. 0:19:33.119 --> 0:19:38.159 Was an enormous, mind boggling surge in imports in the 0:19:38.240 --> 0:19:42.880 first quarter because of the anticipation of a big, giant, 0:19:42.960 --> 0:19:47.760 god knows what's going on tariffs. So I actually kind 0:19:47.760 --> 0:19:50.560 of pushed up the purchase of a automobile that may 0:19:50.600 --> 0:19:55.720 be of German origin, Yaavol, because. 0:19:55.359 --> 0:19:57.080 I thought, well, if there's a giant terriff, I might 0:19:57.080 --> 0:19:57.560 as well do it. 0:19:57.600 --> 0:20:00.920 Now, evidently many, many, many people and corporations thought the 0:20:00.960 --> 0:20:01.320 same way. 0:20:01.440 --> 0:20:03.200 US imports surged more than. 0:20:03.320 --> 0:20:07.359 Forty percent year after year over a year in the 0:20:07.400 --> 0:20:11.280 first quarter of this year, and that drove down gross 0:20:11.280 --> 0:20:16.200 domestic product by zero point three percent annualized one point 0:20:16.240 --> 0:20:20.320 two whatever. Now, there's a great deal of uncertainty going 0:20:20.359 --> 0:20:23.399 forward about how the tariffs and the uncertainty over the 0:20:23.400 --> 0:20:26.320 tariffs is going to affect the economy. But that's why 0:20:26.359 --> 0:20:30.240 the economy shrank. It didn't our production didn't shrink, our 0:20:30.280 --> 0:20:33.119 spending didn't shrink, our investment didn't shrink. 0:20:33.400 --> 0:20:34.280 It's that we had. 0:20:34.160 --> 0:20:39.840 An enormous amount of imports in anticipation of the tariffs. Now, 0:20:39.880 --> 0:20:42.520 having said that, Goodness knows what the next quarter is 0:20:42.560 --> 0:20:44.280 going to be like, I mean, because all of these 0:20:44.359 --> 0:20:50.359 numbers generally chug along in a reasonably predictable way because 0:20:50.400 --> 0:20:53.320 of economic inputs and outputs. But this is you know, 0:20:53.359 --> 0:20:55.200 Trump has thrown the whole thing up in the air. 0:20:55.440 --> 0:21:00.440 So anyway, don't worry about the GDP number yes yesterday. 0:21:00.480 --> 0:21:04.280 In fact, as greg Ip writes, forget the GDP, it's 0:21:04.320 --> 0:21:08.720 the job report that matters. The first quarter decline economic 0:21:08.760 --> 0:21:12.000 output tells us almost nothing about the economy's actual performance, 0:21:12.359 --> 0:21:16.080