July 16, 2025 • 46 mins
American Sunrise Early Edition on Real America's Voice
Segment 1: MONITORING THE WOKE
Segment 2: TRUMP STILL BACKS BONDI
Segment 3: STOCKS COMING OFF MIXED DAY
Segment 4: USING THE TARIFF NARRATIVE
Segment 5: PBS, NPR, & THE BIG LIES
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Episode Transcript
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Speaker 1 (00:01):
Ahead an American Sunrise early edition. Russia is reportedly unfazed
by President Trump's new weapons deal for Ukraine and some
tariff deadlines. Putin is ready to fight on in the war.
So now what The move to cut about one billion
dollars in funding for PBSMPR and other public broadcasting plus
(00:23):
about eight billion and other cuts is advancing to the
full Senate floor. The acts could fall in just a
couple of days now. The cuts are already underway at
the Department of Education, where the Supreme Court has finally
cleared the way for President Trump to significantly gut the department.
Now the question is, will anyone see the difference in
(00:44):
the classroom. President Trump continues to stand strongly behind Attorney
General Pam Bondi and her handling of the Jeffrey Epstein case,
but other Republicans, including House Speaker Mike Johnson, are now
demanding a full relief of the Epstein files. And just
(01:04):
how important is that rare earth mining investment by the
Pentagon to save our country and our businesses from Chinese domination.
We'll just ask Apple, and it's already thrown about half
a billion dollars into the effort on Day one, American
Sunrise Early Edition begins.
Speaker 2 (01:21):
Now, Welcome to American Sunrise Early Edition, the show where faith, freedom,
and the values that built this nation takes centers to.
Speaker 1 (01:34):
Your good deeds and bad deeds. That's how we're gonna
judge you.
Speaker 2 (01:37):
Join host Jake Novak because he breaks down the stories
that matter.
Speaker 1 (01:41):
He will be letting the public know regularly what we
have found.
Speaker 2 (01:44):
American Sunrise Early Edition with your host Jake Novak starts.
Speaker 1 (01:50):
Now, Welcome to American Sunrise Early Edition. I'm Jake Novak,
Yes i am. I'm wearing a pink shirt and Molly
Ringwold has called to tell me that I do look
better in pink than she does. She's absolutely right. All
kidding aside, though, we have yet another very very busy
(02:10):
day of news, a very busy overnight of news, and
we've got to get you updated on all of it.
But we also need to take an assessment of where
we are over the last few days. So helping me
do that is retired US Air Force Colonel Rob Manis
and Colonel I guess you could say that our policy
announcements in the last few days regarding the Ukraine Russia
War are like the Shakespearean sound and the fury signifying nothing,
(02:33):
because Ladimir Putin doesn't seem to be the slightest bit
interested in changing course, and that includes caring one bit
about the fact that President Trump doesn't want Ukraine to
have missiles, or at least use those missiles that could
hit Moscow. Colonel this is like, you know that old
joke about country music having no effect on plants growing.
I don't really see where this is going for us
(02:54):
right now.
Speaker 3 (02:56):
Well, I'm sure from mister Putin's perspective it almost looks
like more of the same from the Biden administration. But
there's some nuances there that I'm sure he's looking very
closely at. You know, the President laid out a fifty
day timeline yesterday. The President's made some interesting comments about
(03:17):
long range missiles, as we know was reported in the
Financial Times, and although he walked back striking Moscow last
night late, those comments were made. And mister Trump doesn't
do anything without a reason, Jake, as you and I
both know, and he's the master of the art of
the deal. But I wouldn't expect that if I were
(03:40):
mister Putin, that the things were going to go the
exact same way that you might have seen in a
place like Iran very recently, where the president's coming off
of what he sees as a really big win and
ninety nine percent of the other people in the world
also see it as a big win. So mister Putin's
paying attention, I'm sure, even though he's publicly kind of
(04:03):
just going, now, we're chill, it's okay. But because the
table has changed ever so slightly, and the biggest change
is Crump's now fully engaged and he wants a piece deal,
I don't think he's changed on.
Speaker 1 (04:17):
That one iota. Yeah, I don't think so either. And also,
of course there's a lot of other games being played
on this same playing field, not to mention the trade
issue with Europe. I mean, President Trump has very adeptly
used this conflict with Russia and Ukraine to get the
NATO country the EU countries in NATO to spend more
(04:38):
on their own defense, which is helping to pave the
way for a better trade deal, because of course, a
lot of the stuff that they're spending their money on
is American made weapons. So there's just a lot of
play pieces on a chessboard in motion right now. I'm
not saying we should all just sit back and trust
the process. That's why we have news programs. We're going
to report it, we're going to talk about it, We're
going to try to get some expert analysis and people
(04:59):
like Colonel Maynis, but we all have to come into
this thing with the humility and the understanding we may
not know every little move that's going on right now.
I know that helps me sleep at night, but I'll
tell you something that I don't like sleeping over, because
it's hard to sleep when you remember something. I still say,
Colonel that the Biden teams mismanagement of the situation in
that region is a big reason why this war is
(05:20):
still going on, and of course started in the first place.
But that leads me, Colonel, to ask you about what
I still believe is the biggest scandal, and it's still
developing because we're learning more about it. The biggest political
scandal in American history. This is the fact that we
had a president previous to President Trump and Joe Biden,
who was really not in charge. And we got another
example of how little in charge he really was when
(05:43):
we learned that he in this autopen scandal that he
didn't even know who he was pardoning or granting clemency to.
You know, look, we can talk about all these political moves,
but you were in the military for all those years.
What's it like when you are in a position like
that and you know you're commit and in chief is
out to lunch. I mean, that can't be good for
our national security.
Speaker 3 (06:05):
What's never happened before to my knowledge in modern times. Now,
in the early nineteen hundreds, we saw some things with
one presidency, but not like this, not in the age
where presidents have nuclear weapons, in the age where we
have a nuclear power like Russia that we're facing down,
and the globalist and the neo conservatives have basically taken
(06:26):
control over the foreign policy.
Speaker 1 (06:27):
That's why we're where we're at in Ukraine.
Speaker 3 (06:30):
In my opinion, and one of my questions that I've
been asking I get roaring silence from it, Jake, is
where were the military aids carrying the nuclear football on
this The military aids are commissioned officers. Our whole ethos
is one of honor, integrity, loyalty to the Constitution, not
(06:53):
to a human being or set of human beings that
might be in the offices at the time. We heard
not one sound from any military aid or any general
officer or admiral supervising those military aids, which are the
highest in the land, during this entire process. That should
really scare the hell out of every American because that
(07:17):
tells me that we could have easily had a silent
military coup and nobody would have been the wiser because
not one American had the audacity or the moral courage
to step out and say this is wrong. We're the
United States of America, and you know, we even have
a process in the twenty fifth Amendment that the vice
(07:40):
president is supposed to lead and the cabinet secretaries are
supposed to lead, and those people are supposed to be
the best in the land when the president selects them
for those jobs. And not one of them broke ranks
to come out and say this is not right. We
don't have a president. We need to change it. And
I don't care who the vice president was. That process
(08:00):
should have been being exercised. Those military officers should have
been speaking up and raising this alarm, and they didn't,
and that's a problem. We need to demand accountability from
that entire structure.
Speaker 1 (08:14):
Yeah, you know, it'd be nice to have some I mean,
I guess they need some special training. Those people who
are working that closely with the president carrying the nuclear football.
I'm sure they've had that training, but maybe they need
a refresher. Everyone who does that needs to see what's
the chain of command. If you see something that's that's disturbing,
how do you go about it? I'm you know, I'm
sure you're not saying they should have gotten on the
phone and called Fox News. I think the question there
(08:35):
was obviously another way to go about this, and they
didn't do that either. Let's go to the Middle East now,
because we have something brewing here. Israel very bluntly warned
the new regime in Syria yesterday that if it doesn't
stop massacring the Drews in Syria and Christians too. By
the way, it isn't just the Drews. And for those
of you who don't know who the Jews are, the
Jews are a breakoff group from mainstream Islam, and the Jews,
(08:58):
especially in Israel, ever loyal to Israel. They fight in
the Israeli Army and in parts of Syria. They live
in eleven and two, where they live under a lot
of persecution, but it's never been as bad as this.
And of course the IDF sent the Israeli sent a
message to the Syrian regime yesterday that they don't stop
massacring the DRUS and the Christians in Syria, that regime
is gonna end in the matter of hours. It is
(09:19):
a very dramatic message. And as we speak right now,
Israel is using drones to attack that Syrian regime, those
Syrian basically terrorists killing the DRUS right now, and hopefully
that will stop the massacre. Look, I gotta say this is,
you know, as bad as this is and as sad,
this is harm a humanitarian standpoint, You know what I
like about this, Colonel Manus, We're not doing anything. The
(09:41):
United States is watching this. This is Israel's got this,
and you know, I think they've got this. We don't
have to get involved in this. And I don't think
that there are American troops I don't think you can
correct me if I'm wrong, that are in harm's way
right now over this.
Speaker 3 (09:54):
Yeah, I don't think there are American troops in harm's way.
And don't forget Hesbolo killed a bunch of DRUS kids
on a soccer field.
Speaker 1 (10:01):
If I remember correctly, not that long ago.
Speaker 3 (10:03):
And that's why Israel has this really strong relationship with
the Jerus community, both inside Israel itself and inside southern
Syria there and why I wasn't surprised when they laid
out the stakes of essentially putting a demilitarized zone self
declared by the Israeli government when the a Soid regime fell,
(10:27):
and it was the right thing for them to do
to protect these people, because as you can see, the
Islamists in charge of the Syrian army now have a
penchant for going after their enemies. They've been going after
the Alla Whites. They've killed hundreds of them. Christian Church
was invaded not too long ago and killed a whole
bunch of Christians, and the media didn't even hardly report
(10:49):
on it. And I think the Israeli government's doing the
right thing, and the United States is doing the right
thing by staying out of it at this point. But
I got to tell you, Jake, this was we predicted this.
You and I both know that when the Asad regime fell,
that was one of the risks was that the Islamis
would be able to take over this country too, and
(11:10):
we'd end up with a fractured state that was centrally
controlled by an Islamish regime, and it looks like we're
headed in that direction.
Speaker 1 (11:18):
Unfortunate. Yeah, what is unusual is I don't think there's
ever been an Islamist group that has had that immediate
pushback as soon as they started to try to do
this kind of massacre stuff. I mean, it's interesting. Usually
it takes years for anyone to respond to it, and
we're entering a FATA complee. Very interesting that the Israelis
are pushing back on it, trying to stop it before
(11:39):
it gets any worse. Finally, Colonel, we both know there
are still a lot of things going on in the
Defense Department. Old policies, although they're not that old, but
certainly pre Trump woke policies, all kinds of stuff that
are just really not part of our defense mission. We
can have a cultural discussion at another time in another venue.
So you pointed out that there's a good social media
(12:00):
account that's monitoring this. I think it's called d D Watch.
Can you tell me a little bit about that. Yeah.
Speaker 3 (12:06):
D D Watch has been around for a couple of
years now, and they basically are tracking the activities. It
started out inside the Biden administration, obviously, of the woke
activities going on in the Department of Defense. And the
really good thing about them is they haven't stopped just
because the administration changed, even though you know, we've all
(12:28):
seen the wonderful moves by Secretary Hegseth and President Trump
through executive orders, and it's even been declared that woke
is dead in the military. We know, and you know, Jake,
it's the biggest bureaucracy in the world. And bureaucracies tend
to have policies that live on forever and ever. And
(12:48):
DoD Watch still has eyes on there. That's why I'm
supporting them, and I want everybody to go follow that
account because we've got to know. If we know, then
we can raise the alarm. And President Trump and Secretary
hegsas team will know because they can't see everything and
it's still out there.
Speaker 1 (13:07):
Yeah, and I was looking at this group. The DOODD
Watch deserves a lot more followers than it has right now.
I love when we give someone a positive shot in
the arm on this program. And by the way, I
got two words for anyone, especially you, colonel who talks
about defense department mismanagement and bureaucracy. My low mindbender. Those
of you who know that reference, tell me about it
on Get Her and Rumble. You can read the book
or watch it you'll I'll tell you the title when
(13:29):
we come back. Colonel Rob Manas. He's also the host
of the Rob Manas Show. You can watch it Monday
through Friday. Thank you so much for joining us. I
know it's only Wednesday, but have a good weekend. Thanks
shake all right, coming up, the President isn't backing down
from defending Attorney General Pam Bondi's handling of the Jeffrey
Epstein's case, but she's going to need to change course
(13:49):
pretty soon no matter what. I'll explain why. And I
just feel dirty all that reporting I've been doing about
some of that new tech. It hurts where you, you know,
go through a little drive through with AI. I was
talking about how great it was, and I was talking
about how not great it was. Both of those things.
I feel like I was part and accessory to a crime.
(14:10):
I'm going to fix all that in a few minutes
when American Sunrise Early Edition continues. All right, we have
(14:42):
a live shot of somewhere in America right now. Who
can guess what city that is? We'll find out in
just a minute. Welcome back to American Sunrise early edition.
This is a Wednesday. I'm Jake Novak. Thank you to everyone,
and get her and rumble. You guys are often running
with your comments, jokes, a few arguments. That's the way
it works in AM because that's okay. Uh. When I
say that President Trump is still backing Attorney General Pam
(15:05):
Bondi on this Epstein thing, I mean it. Listen to this.
Speaker 4 (15:11):
The President, your going, mister President, your daughter in law
stand that there that there should be transparency in the
Epstein case.
Speaker 5 (15:18):
You agree with her, sir. The Attorney General's handled that
very well. She is. She's really done a very good job.
And I think that.
Speaker 6 (15:27):
When you look at it, you'll understand that I would
like to see that also, But.
Speaker 5 (15:32):
I think the Attorney general the.
Speaker 6 (15:33):
Credibility is very important and you want credible evidence or
something like that, and I think the Attorney General has
handled it very well.
Speaker 5 (15:43):
The attorney.
Speaker 4 (15:45):
On the DJ and FBI review, the findings of that review,
the Attorney General.
Speaker 6 (15:50):
What on the what but what subject?
Speaker 5 (15:55):
The review of the file, very very quick briefing and
can you tell you what did she tell you about specifically?
Did she tell you and all that your name appeared?
Speaker 6 (16:06):
And no, she's she's given us just a very quick briefing.
And in terms of the credibility of the different things
that they've seen, and I would say that, you know,
these files were made up by Komi, they were made
up by Obama, they were made up by the Biden
from you know, uh we and we went through years
of that with the Russia Russia Russia hoax, with all
(16:30):
of the different things that we had to go through.
We've gone through years of it. But she's handled it
very well and it's going to be up to her.
Whatever she thinks is credible, she should release.
Speaker 1 (16:39):
Yeah, all right, I don't think it takes a genius
to guess. This position will not last, folks. And now
even House Speaker Mike Johnson is demanding Bonnie turnover those
Epstein files to the public. Stay tuned. We'll have a
lot more on this throughout the morning. Now, another thing
going on in Capitol Hill right now, the move to
cut one billion dollars in funding from PBS and NPR
is moving ahead. It's about nine billion in funding overall.
(17:01):
A couple of points. I'm going to talk a little
bit more about this with David Brody at the end
of the hour, but I want everyone to understand a
couple of things. First of all, the popular shows on
PBS and NPR have an economic power that goes beyond
government funding. Talking about Sesame Streets, maybe you don't like
that show, but it is popular. A few other shows
on MPR they have backing that they have an audience.
They don't need government funding. It's like you and me
(17:22):
giving tax money to Apple. They don't need it. Okay,
they have a strong audience. Second of all, hey, elon Musk.
A lot of these cuts the Senate is voting on
right now, and President Trump and jd Vance and John
thun are busting their butts to get through that has
a lot to do with the work you and Doge did,
and you're not even sending any encouragement to it. I
don't know if you're so interested in cutting the budget.
After all, if I were you, i'd be cheerleading this effort.
(17:44):
I know it's not all the money you want cut,
but a lot of these cuts that they're dealing with
right now are because of the work that you guys
put out there, come on elon musk time to be
a cheerleader. I guess he's not interested, Okay. Joining us
now is one of the co founders of the company
that sponsors Moving America, which is coming up in a
few minutes every day here on Real America's Voice American
Sunrise Our Leadership. His name is Michael Britton. He's from
(18:06):
Artillery Tea Company. Michael, our viewers may still be a
little bit unaware of how special your company is, even
though they see that little ad from you every day
that I talk about. So go for it. Tell them
what got you to start this company and what it's
all about.
Speaker 7 (18:22):
Yeah, thanks, Jake. So what got me to start this
company was I was a big coffee fan, but as
a patriot too, I want to support certain brands, right,
Coffee started to keep me up at night. I started
looking at alternatives, particularly tea, something that can still get
me be caffeinated. But there is just no patriotic, mission
driven brands out there at all, and so that kind
of gave us the jump start to start this company,
(18:45):
Artillery Tico. What we offer is Sachet's Tea bags, but
we're using the full leaves we're using the premium top
graded leaves, and the tea bags themselves are free from chemicals,
free from plastic, bleach, paper, glue, all that sort of
thing that's in regular tea bags, and so we also
have them to be reusable. You can get two bags
(19:06):
out of each cup, and we partner with nonprofit veteran
and first responder organizations to give a portion of each
sale to one of those causes.
Speaker 1 (19:16):
So, I know, let's talk about that. I know that
Artillery T teams up with some amazing charities and foundations
and groups like that. So tell us AB, that's some
of your partners right now who you're giving back to.
Speaker 7 (19:26):
Yeah, We' working with two main ones right now. One
is called Fifth Squad. They help veterans with emergency expenses
like groceries and utilities, rent gas and things like that.
We've been able to sponsor a few veterans through that program.
And another one is called Working Dogs for Vets. They
supply trained service animals to disabled veterans too, and so
we were able to actually sponsor a whole dog, like
(19:48):
the purchase of the dog and then the funding of
the full amount of his training before they're given to
a veteran. We've been able to do that as well.
Speaker 1 (19:57):
You know, is this something I mean, you guys are
all veterans, right man. I think the three brothers who
found in the country, some of you are. Tell me
a little bit about, you know, your personal background and
your brothers.
Speaker 7 (20:07):
Yeah, one of us is a veteran. There's three of
us brothers that founded it. My younger brother is a
ten year Army veteran, and this is there's a lot
of him behind this brand too. I mean, this is
a lot of his idea, a lot of the branding,
and a lot of the nonprofits that we choose to
partner with. He has a lot of influence in that,
and a lot of influence through the design and the
packaging and those sorts of things. He comes down to
the shop all the time and is personally shipping everybody's order.
(20:30):
I mean he probably ships eighty ninety percent of the
orders that come in. And so he's his hands are
all over this thing and they're going to continue to
be as we grow as well.
Speaker 1 (20:40):
Yeah. I mean, it's it's amazing that there's still a
little spot in America, in our business world for these
kinds of efforts. I think a lot of people think
everything's automated, even if it's a quote unquote small company,
and you know, you're talking about real human hands, the
actual founders, touching this product and putting it in the
box to send it to people. I just like that idea.
(21:00):
I think that that really changes the game. Michael. You've
also chosen to set things up in your hometown of Bellefont, Pennsylvania.
Tell me a little bit more about this town, where
it is in the state, what it's like there, and
why you decided to set up there. I mean, you
could have gone somewhere else, I'm sure. I mean, I
think it's kind of a little bit part of your
give back a little bit, but I like to hear
a little bit more about the town that this comes from,
(21:22):
because you know, so many of our products are made
somewhere in China we've never heard of, so this is
a different, different story altogether.
Speaker 7 (21:28):
Yeah, Bellefont, Pennsylvania is in about the exact center of
the state of Pennsylvania. It's in Center County, near Penn
State University. What it's like here is you have the
kind of liberal hub of Penn State's university town. It's
pretty it gets fairly blue, but all the surrounding areas
are red. And I'm sure a lot of people can
relate to that. All these big cities that are that
are super blue. Everybody else in the state seems to
(21:51):
be read. In this state, it's it's Pittsburgh, it's Philly,
it's state college. On a smaller level, that's where Penn
State University is. But we really wanted to get involved locally,
be involved in local community, local politics, and so we
wanted to set everything up in our in our hometown
where we're still a little small like us three co
founders do most of the work for the company still,
(22:14):
but we still we do have one guy that we
that we hired part time to help us out in
packaging and things. So we did want to supply jobs
to the local area as well.
Speaker 1 (22:23):
I love that you local, local guys are making good
and really working hard. Michael Britain, Artillery Tea Company, Thanks
so much for joining us in stay tuned for the
Moving America segment you sponsor every day coming up in
just a few minutes, and also coming up, it's what
does the latest inflation report really tell us about prices
at the stores and in the showrooms in America. I'll
have some answers when American Sunrise early edition comes right back. Okay,
(22:55):
so did you guess that it was Boston, Massachusetts? The
reason why I guess I kind of. I kind of
thought so because of that bridge, and I was going
to guess Boston with then it I saw that WBZ
if you can look really closely at the screen, and
that's a Boston station. I saw that little bug in there.
So that's how I guessed it. I cheated a little bit.
Let's take a look at where the markets are going
to begin today. We had a big sell off on
the Dow, but again on the Nasdaq yesterday. Looks like
(23:18):
we're going to be flat as we open today. It's
earning season, and I'll talk a little bit about that
in a second. Gold is up and crude oil down.
Now I see a sixty five hand on crude oil.
Let's take a look at bitcoin, because bitcoin's been wild
the last couple of hours. It got open, you know,
as you know, it got over one hundred and one
twenty one the other day, went down below one seventeen overnight.
(23:39):
Now it's back closer to one nineteen. Okay, let's talk
a little bit more about that June inflation report that
I previewed here on this program for you yesterday. Remember
I told you that economists were looking for an annual
inflation rate of two point six percent, and they were
looking for a monthly gain of zero point three percent.
They were half right. We did get a zero point
three percent increase in inflation in June. That was as
expected if you strip out food and energy the core
(24:02):
rate is what they call it for those of you
who want to be wonky. That came in cooler than expected,
so that was the good news. But the annual rate
came in at two point seven a little hotter than expected.
It's basically a wash. It's what was expected what wasn't
expected by the people who have been doomed sayers about
the tariffs. They were saying that we were going to
have an inflation rate that's going to blow up any day. Now.
(24:22):
They've been saying that for three months in counting. Hey,
it may still happen, but they've been wrong so far.
All right, now for more of that sexy, sexy topic.
You know I'm going to talk about it rare earth. Okay,
I know it's not that sexy. But how about five
hundred million dollars? Is that sexy enough for you? That's
what Apple is spending on day one for a contract,
a rare earth contract for some magnets that they need
(24:44):
for all their technology with MP Materials. That's the company
that the Pentagon announced on Monday they're going to be
the number one shareholder of. Because rare earths are dominated
mostly by China. That is a threat to our economy,
a threat to our national security. And Apple is immediately
putting out some serious money knowing that they want to
be an American company and not dominated by the Chinese.
(25:06):
MP Materials, By the way, that company gained twenty percent.
Their share is gained twenty percent yesterday and are up
another four percent in the pre market today. Over the
last five days. Get this, MP material shares are up
ninety percent. Okay, good, that's sexy. That's sexy all right.
Speaking of vital US interests and protecting them from the Chinese,
there is more evidence that the Trump administration will be
(25:28):
slapping total total bands or at least big big tariffs
on Chinese solar panels and Chinese made drones. Now, this
is obviously not just an economic situation. It's also national security.
There's people who believe that there is some data collecting
surveillance technology in some of these solar panels. Certainly they're
in the drones. This is not a joke, but this
(25:50):
is great news for some of these American companies that
are ready to make all these products here in the
United States. So for those of you who think Donald
Trump is not a friend of the solar companies, well
well he's a friend of the American solar companies because
First Solar shares close seven percent higher yesterday. Yeah, it's
going to be more expensive and everything else like that,
But I'm sorry. You can't have China spying on us
and taking over a vital part of our economy. All right,
(26:13):
ladies and gentlemen, start your engines moving America. Sponsored by
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(26:33):
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veteran known and operated in a portion of your purchase
goes to help veteran and first responder charities, artilleryt code
dot Com promo code RAV for ten percent off your
first order. The customer is always right, and right now,
(26:56):
most American customers don't want to buy evs, and that's
even before the special tax credit to buy them expires
at the end of September. We have seen EV demand
going down for a good year. Now all right, GM
is getting the message and it is now preparing to
convert what was supposed to be an EV only plant
in Orion Township, Michigan, to a factory that will now
(27:18):
manufacture gas powered Silverado trucks, GMC Sierras and the Cadillac Escalade.
I love the smell of petroleum in the morning. It
smells like victory. Thank you, Robert Duvall. Okay, here's some
more victory. Volvo's very popular crossover SUVs, the X sixty
and the XC ninety, are now about to be made
(27:39):
in South Carolina. That's at Volvo's relatively new plant not
far from Charleston. This is all because of the tarifs,
and this is all what any sane company would do
even without tariffs. Call me crazy, but you should make
the products closest to the people who actually buy the products.
Tarifs are no tariffs. Thank you, Volvo for coming to
your sane reality. Now back to evs. Whant I talked
(28:01):
about them for a second, because we are in a
full blown financial and political scandal growing in China right now.
That's because a number of this sounds like an American story,
but it isn't. There's because of a number of ev
companies in China have been taking massive subsidies from the
Chinese government but not really producing anywhere near enough cars
to justify those subsidies. Hmmm, that's not good. Any sayan
(28:27):
economists would have predicted that that's what happens when the
governments give out free money. You don't really get as
much product as you think you're going to get. But
this is communist China with the Communist Chinese Party, so
let me tell you something. All kidding aside, the managers
of those companies could be hit with brutal prison sentences.
We've seen this in the past from some of the
business leaders there who run a foul of the government,
and going to prison maybe actually the best they can
(28:48):
hope for. There have been people in China managers of
companies who put together, for example, faulty products who got executed.
I don't know if anyone's going to get executed over this,
but there's going to be some prison. That's the way
they work in China. Now. It's not often that I
feel like I've been an accessory to a crime, But
after learning all the details about that AI drive through,
it hurts that I told you about And remember I
(29:10):
first reported it. I think I'm pretty sure on the
first TV news program to report this to you, I
first reported it as a way for people to save
time when you drop your car off. Well that isn't
so true. I found that out. Then I reported and said, hey,
wait a minute, this AI machine is finding little itty
bitty scratches and smudges and charging people for them. So
I warned you about that, But now I have found
(29:31):
out that when you go to Hurtz and rent a car,
they tell you about this. I say, hey, we have
this new AI thing that catches every little smudge. Do
you want to buy insurance, a special extra insurance for
damage at fifty dollars a day? So you see where
I'm going here. This whole thing has been a racket.
They've been getting people like me to report on the
little on the sensitivities of this machine to get you
(29:52):
to go and buy that extra insurance hurts if you
are listening, stop this scam right now. It's just not nice.
And hey, if you're gonna listen, let me let me
tell my viewers rent somewhere else. This is crazy AI
versus humans. That's terminator stuff. It shouldn't happen at my
rent a car store. All right. Coming up, one of
America's longest running experts on real inflation is about to
(30:13):
join us. I've known him for a long time. He's
gonna help us get to the bottom of what the
real prices are and whether tariffs are responsible. And let's
talk more about those big tech companies and how they
are starting to understand that they can't rely on China
or trust the CCP. Will they learn this lesson the
hard way or the easier way? American Sunrise Early edition
(30:34):
will be right back. It's Wednesday, July sixteenth. Here this
(30:56):
morning's top stories. Russia is reportedly unphased by President Trump's
new weapons deal for Ukraine and those tariff deadlines. Putin
is ready to fight on in the war. So now
what President Trump continues to stand strongly behind Attorney General
Pam Bondi and her handling of the Jeffrey Epstein case,
but other Republicans, including House Speaker Mike Johnson, are now
(31:18):
demanding a full release of the Epstein files. The move
to cut about one billion dollars in funding for PBSMPR
and other public broadcasting oh on about eight billion dollars
of other funding is advancing to the full Senate floor.
The acts could fall in just a couple of days now.
And just how important is that rare earth mining investment
(31:41):
by the Pentagon. It's meant to save our country and
our businesses from Chinese domination. Well, Apple thinks it's important,
through a half a billion dollars into the effort. On
day one, American Sunrise Early Edition continues. Now, welcome back
to America Sunrise Early Edition. I'm Jake Novak. It is
(32:02):
a Wednesday, and I'm excited about bringing our next guest
to you. He's a financial advisor, a wealth advisor, and
someone I've known for a long time, Ed Boutowski. And
the reason why your name popped into my head, especially
these days, is because man, I don't know how long
ago I don't want a data sed but fifteen years ago.
You've been talking for many, many years about the real
(32:23):
inflation rate in America and how we really have to
calculate it. So I have to ask you, what do
you think the real inflation situation is in America? And
our tarrists really pushing inflation right now, because hey, we
all know inflation was on the rise well before this
whole tariff thing started.
Speaker 8 (32:39):
Good morning, Ed, Good morning. Thanks for having me, Jake,
It's great to be here. So the idea behind my numbers,
which is the Chapwood Index, is I take actual products
and look at them on a quarter by quarter basis
and what the actual price rise is. If anybody was
really to dissect how the CPI was calculated, you would
(33:00):
be blown away to see all the manipulation that goes
into it. So the real cost of living increase is
going to blow people away. But it's about seven and
a half to nine percent a year when you factor
in every single thing that you spend money on, so
that's insurance, taxes.
Speaker 1 (33:18):
Food, gas, and so on.
Speaker 8 (33:20):
When you factor everything in, you take away the manipulation
that the CPI is under, and you get to about
seven and a half to nine percent. But the idea
behind the tariffs right now pushing inflation higher. First of all,
it was kind of a rounding error, so inflation really
didn't go.
Speaker 5 (33:37):
Up that much.
Speaker 8 (33:38):
But at the same time, the tariffs haven't really played
into any kind of real life price increases because a
lot of them haven't even taken effect yet. So you
have a liberal media out there trying to push a
narrative that Trump's tariff game is pushing prices higher. First
of all, prices haven't gone higher, and second, tariffs can't
(33:58):
possibly be to blame for it because they haven't been
enacted yet.
Speaker 1 (34:03):
Yeah, a small problem with that with that theory. All right,
Speaking of theories, ed, I'm gonna run by something run
by you. Something I started last week. I called it
the Delta decoy theory. This is my theory. Companies like Delta.
When the tariffs were announced, they put out hysterical comments
and warnings about how not only did they think this
was gonna hurt their bottom line, but they were saying,
(34:25):
we can't even guess how much money we're gonna make
now or lose. We don't even know. And then, of course,
when earning when they started to report their earnings. Delta
was the first last week they easily cleared that lowered bar,
and their shares went up like thirteen percent on the day.
I don't think Wall Street's gonna fall for it with
every company, but this is what I think a lot
of companies are doing. They're playing this chicken little game
(34:46):
in the hopes of lowering expectations so when their real
numbers come out, they can say, Wow, we cleared this
huge hurdle that called the Delta decoy. What do you think, Eh, well.
Speaker 8 (34:56):
I'll tell you the companies these days have to be
very strong in terms of what they say. They're being scrutinized,
you know, tremendously from the SEC, so they can't really
play those games that much. But they can come out
and say, we have no idea, but that's really gonna
be geared more towards the third and fourth quarter if
the tariffs do take effect. But right now, you know,
(35:19):
the second quarter shouldn't really have a big impact because
tariffs haven't played a big role into it. I think
it's a really good catch on Delta, and you'll probably
find that with a bunch of other companies that really
don't have a strong understanding of what their earnings are
going to be, and they're gonna blame it on the
tariffs and Trump, but it's just not an accurate analysis.
Speaker 1 (35:42):
Yeah, well, let me just warn the New York Jets
right now. If you blame another losing season on the tariffs,
I'm not buying it, all right, And you long ago warned.
Another thing you've been doing for years is warning us
about the Chinese threat to America's businesses. So I suppose
you must be pleased by this rare Earth deal. You know,
this is this thing that happened earlier this week, the
Pentagon putting in a huge investment in MP Materials, this
(36:06):
rare Earth company. I know it's not sexy to talk
about tractors in the dirt and the rare earth mining,
but you know it is sexy. Five hundred million dollars
that Apple threw at this venture on day one, I
mean literally the first minute they could possibly invest in it,
they threw that money into it. What's your take on
all this, Well.
Speaker 8 (36:23):
Rare earths are are going to be, you know, what
everyone is looking for these days, and the mining of
them and doing them safely is going to also be
You know, a real you know test. You know, Ukraine
has a bunch of rare earth minerals that we are
going to try to extract. So Apple has so much money.
Five hundred million is a small, you know, fraction of
(36:43):
what they have in terms of cash, and this makes
a lot of sense. But also, you know, underscores the
fact that Apple is not going to be bringing back
their manufacturing to the United States. They decided that, you know,
with all the tax codes and where they're getting cheap labor,
that they're better off, you know, packaging and producing their
products outside the United States, which is completely against what
(37:03):
Trump wants.
Speaker 1 (37:05):
Yeah, they're still going to try to do that. I
know that people like Peter Navarro have been slamming Tim Cook,
the CEO of Apple, for not moving things out of
China fast enough. But as you point out, they're not
going to bring it back to the States. They're going
to put it in India, maybe Vietnam, places like that. I
guess I prefer that, but remember, we would really like
to see more of these jobs here in the United States.
(37:28):
But at least they're going to get their rare earths
from the US. I man, we're going to get something
out of this, and that to me is something. Finally,
I know you've been watching the NATO defense spending situation.
You posted something yesterday that I thought was really interesting.
It was a graphic about how all the NATO countries
basically what they spend on certain items, and if they
(37:48):
get up to five percent each, how much of a
change that would would make. One of the things I
think that is really interesting ed about all this discussion
about NATO defense spending the rush of Ukraine war, is
that it's a trade issue too. I mean, you can
see what President Trump is doing. He's basically telling Europe, hey,
we'll probably get a good trade deal going if you
(38:08):
get your defense spending up, because your defense spending going
up means that you'll be buying more American weapons systems
like the Patriot missile system and probably some other defense items.
It's all part of a big basket. It's one of
those reasons why I always tell people that on this
program Skin in the Game, you got to look at
the people who are putting money into something or not
putting money into something to find out sometimes what the
(38:30):
politics are. So your thoughts on this, I mean, what's
the defense industry mean? To the American economy in addition
to our political safety.
Speaker 8 (38:41):
Well, the defense industry depends on where you're located. You know,
Boeing moved its headquarters to Chicago a number of years
ago from Seattle, but they still have a huge presence
in Seattle, and more business done through Boeing is a
huge thing for this Seattle economy. I don't think it really
moves the needle in Chicago at all. I don't think
(39:02):
anything moves the needle in Chicago anymore. But at the
same time, the amount of spending being done by NATO,
no country is up to five percent of its spending
and that's a minor thing when you start thinking about
the war in Ukraine and how much trade could possibly
go through them. I mean, Spain came out and had
the hookspa to say, we're not going to increase it
(39:24):
at all. I mean, you know, let's see if Spain
ever needs protection from NATO and then we'll you know,
we'll see you know what kind of uh hooks you
know what what what where they stand on this at
that point. But the NATO spending is a huge deal,
and it also shows you know, the skin in the game.
You know, showing that you're a team member versus somebody
(39:45):
who's just kind of a tag along. So I think
that the spending, you know, will find its way into
the trade negotiations on everything, including defense spending, but it's
also going to find its way into consumer products. I mean,
the United States is not going to forget that Spain
did not up their amount that they're spending on NATO,
so when it comes to trade, you know, I think
(40:07):
Spain is in a bad position at this point.
Speaker 1 (40:10):
Yeah, I mean, I just these European countries are so
mixed up, and as some people have been pointing out,
the size of the EU economy used to be the
same as the United States just a few years ago.
Now it's half the size. There's a reason for that.
It isn't just about the fact that they aren't spending
enough on defense. There's a lot of other things going on.
And I only have about twenty seconds left, but there
(40:31):
are a lot of people who think this big, beautiful
bill being passed and signed is really going to be
a major kickstarter for the economy. I heard Ken lang Going,
the co founder of home Depot, go crazy about it
yesterday in a positive way. Are you in that camp
as well. You think that this bill could really get
our economy growing.
Speaker 2 (40:45):
I do.
Speaker 8 (40:46):
I mean, you know, if you think about what we're
facing with the tax increases, if we didn't get the big,
beautiful bill, then we would have been in a really
bad position. But less constraints on the economy. You know,
it has a multiply effects. So a dollar then becomes
three dollars over time. So the more money people have
in their pockets, the better off the economy is going
(41:07):
to be. It's going to take a little while, and
a lot of people will say that that when you
cut taxes you do not get more revenue, but you do.
You always get more revenue. I remember talking to Art
Laugher about this, and you always get more revenue. The
question is about spending, and then we have to cut spending,
which is a really tough thing to do. But cutting taxes,
(41:28):
we will always get more revenue as a result of that.
But it's going to take about a year for to
take an impact on the economy.
Speaker 1 (41:36):
Right it. It takes a little while, but not that long.
Edbutawski thanks so much for joining us. Check them out
on social media. Ed one of the great commenters on
our economy and our political situation. As always, ed, have
a great weekend. I know it's only Wednesday, but I'm
looking ahead. Thanks Jack. All right, coming up, it's time
to give an economics lesson speaking of money to those
folks who think cutting taxpayer funding for PBS and MP
(42:00):
means the popular shows on those networks, the few that
they have will suddenly disappear. David Brody and I will
enlighten those folks and you when American Sunrise Early Edition
comes right back. That's a live look at the mall. No,
(42:37):
not the Roosevelt Field Mall. It's the mall in DC.
It's a different kind of mall. Welcome back to American
Sunrise Early Edition. I'm Jake Novak. DC is the spot
that I want to talk about right now because the Senate,
for those of you who haven't been paying attention, the
Senate's been working really hard over the last day or
so on this nine billion dollars worth of cuts. They're
(42:57):
calling it recision cuts because these were spending items that
were already approved that the government now wants to the Republicans,
the Trump administration now want to claw back. Of course,
it's nine billion dollars in total. But the big part
of it that everyone's talking about is the one billion
dollars of it that will be going to help fund
PBS and MPR. Let's talk economics here for just a second.
(43:19):
Here's what PBS and NPR do. They use their popular shows,
and they do have some popular shows. Come on, some
people like Sesame Street, a lot of people do. MPR
has a couple of shows that are fun. Wait, wait,
don't tell me stuff like that. And they say, hey,
you love those shows, and the government's going to cut
funding for them. That is a lie. That is what
I call human shielding. All of those programs that are popular,
(43:39):
have a popular and strong economic viability to them. They
will get private funding. They already do. Sesame Street is
basically an HBO production right now. So there's my proof.
If something is good and the audience likes it, it
doesn't need government funding. The economy and the market, as
we say, will support it. So that's one thing folks
don't fall for that nonsense. Also, just want to say
(44:01):
one thing about all these cusses we bring in. David Brody,
you know a lot of these cuts that the Senate
is busting it, but really to get passed. Jade Vance's
had to cast two tie breaking votes already, and he'll
probably have to cast the final one later today. These
most of these cuts are things that Elon Muskin, Doge
Earmark found called for to be cut, to be cut,
And has he said one word of encouragement or anything
(44:22):
at all about this?
Speaker 6 (44:24):
No?
Speaker 1 (44:24):
So I'm sorry, I got a doubt Elon's commitment to
cutting budgets. Why won't he even cheerlead himself and the
efforts there as people are really trying to get the
work he did codified, as they say, made permanent. David Brody,
your thoughts. You're smarter than Elmo, so let's talk.
Speaker 4 (44:40):
Well, And I guess that's saying something to an agree
that I'm smarter than Elbow. I'm not smarter than a
fifth grader, but I am smarter than Elmo. So look here,
here's the thing with Elon Musk. And I've said this
for a while now, right, I mean, I never trust
Elon Musk as far as I could throw them. I
said this way before all the controversy.
Speaker 1 (44:57):
Look it up.
Speaker 4 (44:59):
Look at the three quarter inch tape, so to speak,
from nineteen seventy five. It's on a track somewhere in
an audio version. But I said it, and this is
just another example of it. Look, Elon Musk is in
it for himself. That's what this is really all about.
He always wants to make America rich again. He doesn't
necessarily want to make America great again, though he thinks
(45:20):
making making America great again is making it rich again.
Speaker 1 (45:24):
But it's much bigger than that.
Speaker 4 (45:26):
But he's been silent here because he's pretty much gone
not only a wall, he hasn't gone a wall. We
hear from him often, but we don't hear from him
on this because he has an axe to grind, and
this is I think this is a Susie Wiles.
Speaker 1 (45:37):
And Elon Musk thing overall.
Speaker 4 (45:40):
I think this is just something where he's just been
cut out and he's at sour graves. And let's also
be honest talking about money. Two hundred and fifty million
dollars is what Elon Musk spent in the twenty twenty
four campaign to help get Donald Trump reelected. He wants ROI,
He's wanted ROI on his investment. He never really got it,
and he's from strated at that.
Speaker 5 (46:00):
Now.
Speaker 4 (46:01):
Having said that, it's interesting about PBS by the way, they,
according to certain advertising and media agencies, PBS and NPR,
just quote skew left, skew left.
Speaker 1 (46:13):
That's all they do. Just skew a little bit left.
What are they crazy?
Speaker 4 (46:16):
And by the way, anytime folks at NPRS or PBS
try to defend or the Corporation for Public Broadcasting, you
try to defend the fact that they have conservatives on
their air, they'll mention David Brooks.
Speaker 1 (46:26):
Really, David Brooks is who you're going to do? Or
William F. Buckley back in the day.
Speaker 4 (46:30):
Really that we're going back to William F. Buckley, these
people so And by the way, one last thing, this
idea that you're going to you know, they always love
to do this, the liberals.
Speaker 1 (46:40):
Right, you're gonna.
Speaker 4 (46:40):
Defund Sesame Street no more, Elmo, come on. That's that's
the PBS version of Troe Granny from the cliff.
Speaker 1 (46:47):
It's insane. Yeah, it's not true. What is true is
that you got two hours of American Sunrise coming up.
I'll be joining you in the nine am hour and
I'll see you also tomorrow.
Ahead an American Sunrise early edition. Russia is reportedly unfazed
by President Trump's new weapons deal for Ukraine and some
tariff deadlines. Putin is ready to fight on in the war.
So now what The move to cut about one billion
dollars in funding for PBSMPR and other public broadcasting plus
(00:23):
about eight billion and other cuts is advancing to the
full Senate floor. The acts could fall in just a
couple of days now. The cuts are already underway at
the Department of Education, where the Supreme Court has finally
cleared the way for President Trump to significantly gut the department.
Now the question is, will anyone see the difference in
(00:44):
the classroom. President Trump continues to stand strongly behind Attorney
General Pam Bondi and her handling of the Jeffrey Epstein case,
but other Republicans, including House Speaker Mike Johnson, are now
demanding a full relief of the Epstein files. And just
(01:04):
how important is that rare earth mining investment by the
Pentagon to save our country and our businesses from Chinese domination.
We'll just ask Apple, and it's already thrown about half
a billion dollars into the effort on Day one, American
Sunrise Early Edition begins.
Speaker 2 (01:21):
Now, Welcome to American Sunrise Early Edition, the show where faith, freedom,
and the values that built this nation takes centers to.
Speaker 1 (01:34):
Your good deeds and bad deeds. That's how we're gonna
judge you.
Speaker 2 (01:37):
Join host Jake Novak because he breaks down the stories
that matter.
Speaker 1 (01:41):
He will be letting the public know regularly what we
have found.
Speaker 2 (01:44):
American Sunrise Early Edition with your host Jake Novak starts.
Speaker 1 (01:50):
Now, Welcome to American Sunrise Early Edition. I'm Jake Novak,
Yes i am. I'm wearing a pink shirt and Molly
Ringwold has called to tell me that I do look
better in pink than she does. She's absolutely right. All
kidding aside, though, we have yet another very very busy
(02:10):
day of news, a very busy overnight of news, and
we've got to get you updated on all of it.
But we also need to take an assessment of where
we are over the last few days. So helping me
do that is retired US Air Force Colonel Rob Manis
and Colonel I guess you could say that our policy
announcements in the last few days regarding the Ukraine Russia
War are like the Shakespearean sound and the fury signifying nothing,
(02:33):
because Ladimir Putin doesn't seem to be the slightest bit
interested in changing course, and that includes caring one bit
about the fact that President Trump doesn't want Ukraine to
have missiles, or at least use those missiles that could
hit Moscow. Colonel this is like, you know that old
joke about country music having no effect on plants growing.
I don't really see where this is going for us
(02:54):
right now.
Speaker 3 (02:56):
Well, I'm sure from mister Putin's perspective it almost looks
like more of the same from the Biden administration. But
there's some nuances there that I'm sure he's looking very
closely at. You know, the President laid out a fifty
day timeline yesterday. The President's made some interesting comments about
(03:17):
long range missiles, as we know was reported in the
Financial Times, and although he walked back striking Moscow last
night late, those comments were made. And mister Trump doesn't
do anything without a reason, Jake, as you and I
both know, and he's the master of the art of
the deal. But I wouldn't expect that if I were
(03:40):
mister Putin, that the things were going to go the
exact same way that you might have seen in a
place like Iran very recently, where the president's coming off
of what he sees as a really big win and
ninety nine percent of the other people in the world
also see it as a big win. So mister Putin's
paying attention, I'm sure, even though he's publicly kind of
(04:03):
just going, now, we're chill, it's okay. But because the
table has changed ever so slightly, and the biggest change
is Crump's now fully engaged and he wants a piece deal,
I don't think he's changed on.
Speaker 1 (04:17):
That one iota. Yeah, I don't think so either. And also,
of course there's a lot of other games being played
on this same playing field, not to mention the trade
issue with Europe. I mean, President Trump has very adeptly
used this conflict with Russia and Ukraine to get the
NATO country the EU countries in NATO to spend more
(04:38):
on their own defense, which is helping to pave the
way for a better trade deal, because of course, a
lot of the stuff that they're spending their money on
is American made weapons. So there's just a lot of
play pieces on a chessboard in motion right now. I'm
not saying we should all just sit back and trust
the process. That's why we have news programs. We're going
to report it, we're going to talk about it, We're
going to try to get some expert analysis and people
(04:59):
like Colonel Maynis, but we all have to come into
this thing with the humility and the understanding we may
not know every little move that's going on right now.
I know that helps me sleep at night, but I'll
tell you something that I don't like sleeping over, because
it's hard to sleep when you remember something. I still say,
Colonel that the Biden teams mismanagement of the situation in
that region is a big reason why this war is
(05:20):
still going on, and of course started in the first place.
But that leads me, Colonel, to ask you about what
I still believe is the biggest scandal, and it's still
developing because we're learning more about it. The biggest political
scandal in American history. This is the fact that we
had a president previous to President Trump and Joe Biden,
who was really not in charge. And we got another
example of how little in charge he really was when
(05:43):
we learned that he in this autopen scandal that he
didn't even know who he was pardoning or granting clemency to.
You know, look, we can talk about all these political moves,
but you were in the military for all those years.
What's it like when you are in a position like
that and you know you're commit and in chief is
out to lunch. I mean, that can't be good for
our national security.
Speaker 3 (06:05):
What's never happened before to my knowledge in modern times. Now,
in the early nineteen hundreds, we saw some things with
one presidency, but not like this, not in the age
where presidents have nuclear weapons, in the age where we
have a nuclear power like Russia that we're facing down,
and the globalist and the neo conservatives have basically taken
(06:26):
control over the foreign policy.
Speaker 1 (06:27):
That's why we're where we're at in Ukraine.
Speaker 3 (06:30):
In my opinion, and one of my questions that I've
been asking I get roaring silence from it, Jake, is
where were the military aids carrying the nuclear football on
this The military aids are commissioned officers. Our whole ethos
is one of honor, integrity, loyalty to the Constitution, not
(06:53):
to a human being or set of human beings that
might be in the offices at the time. We heard
not one sound from any military aid or any general
officer or admiral supervising those military aids, which are the
highest in the land, during this entire process. That should
really scare the hell out of every American because that
(07:17):
tells me that we could have easily had a silent
military coup and nobody would have been the wiser because
not one American had the audacity or the moral courage
to step out and say this is wrong. We're the
United States of America, and you know, we even have
a process in the twenty fifth Amendment that the vice
(07:40):
president is supposed to lead and the cabinet secretaries are
supposed to lead, and those people are supposed to be
the best in the land when the president selects them
for those jobs. And not one of them broke ranks
to come out and say this is not right. We
don't have a president. We need to change it. And
I don't care who the vice president was. That process
(08:00):
should have been being exercised. Those military officers should have
been speaking up and raising this alarm, and they didn't,
and that's a problem. We need to demand accountability from
that entire structure.
Speaker 1 (08:14):
Yeah, you know, it'd be nice to have some I mean,
I guess they need some special training. Those people who
are working that closely with the president carrying the nuclear football.
I'm sure they've had that training, but maybe they need
a refresher. Everyone who does that needs to see what's
the chain of command. If you see something that's that's disturbing,
how do you go about it? I'm you know, I'm
sure you're not saying they should have gotten on the
phone and called Fox News. I think the question there
(08:35):
was obviously another way to go about this, and they
didn't do that either. Let's go to the Middle East now,
because we have something brewing here. Israel very bluntly warned
the new regime in Syria yesterday that if it doesn't
stop massacring the Drews in Syria and Christians too. By
the way, it isn't just the Drews. And for those
of you who don't know who the Jews are, the
Jews are a breakoff group from mainstream Islam, and the Jews,
(08:58):
especially in Israel, ever loyal to Israel. They fight in
the Israeli Army and in parts of Syria. They live
in eleven and two, where they live under a lot
of persecution, but it's never been as bad as this.
And of course the IDF sent the Israeli sent a
message to the Syrian regime yesterday that they don't stop
massacring the DRUS and the Christians in Syria, that regime
is gonna end in the matter of hours. It is
(09:19):
a very dramatic message. And as we speak right now,
Israel is using drones to attack that Syrian regime, those
Syrian basically terrorists killing the DRUS right now, and hopefully
that will stop the massacre. Look, I gotta say this is,
you know, as bad as this is and as sad,
this is harm a humanitarian standpoint, You know what I
like about this, Colonel Manus, We're not doing anything. The
(09:41):
United States is watching this. This is Israel's got this,
and you know, I think they've got this. We don't
have to get involved in this. And I don't think
that there are American troops I don't think you can
correct me if I'm wrong, that are in harm's way
right now over this.
Speaker 3 (09:54):
Yeah, I don't think there are American troops in harm's way.
And don't forget Hesbolo killed a bunch of DRUS kids
on a soccer field.
Speaker 1 (10:01):
If I remember correctly, not that long ago.
Speaker 3 (10:03):
And that's why Israel has this really strong relationship with
the Jerus community, both inside Israel itself and inside southern
Syria there and why I wasn't surprised when they laid
out the stakes of essentially putting a demilitarized zone self
declared by the Israeli government when the a Soid regime fell,
(10:27):
and it was the right thing for them to do
to protect these people, because as you can see, the
Islamists in charge of the Syrian army now have a
penchant for going after their enemies. They've been going after
the Alla Whites. They've killed hundreds of them. Christian Church
was invaded not too long ago and killed a whole
bunch of Christians, and the media didn't even hardly report
(10:49):
on it. And I think the Israeli government's doing the
right thing, and the United States is doing the right
thing by staying out of it at this point. But
I got to tell you, Jake, this was we predicted this.
You and I both know that when the Asad regime fell,
that was one of the risks was that the Islamis
would be able to take over this country too, and
(11:10):
we'd end up with a fractured state that was centrally
controlled by an Islamish regime, and it looks like we're
headed in that direction.
Speaker 1 (11:18):
Unfortunate. Yeah, what is unusual is I don't think there's
ever been an Islamist group that has had that immediate
pushback as soon as they started to try to do
this kind of massacre stuff. I mean, it's interesting. Usually
it takes years for anyone to respond to it, and
we're entering a FATA complee. Very interesting that the Israelis
are pushing back on it, trying to stop it before
(11:39):
it gets any worse. Finally, Colonel, we both know there
are still a lot of things going on in the
Defense Department. Old policies, although they're not that old, but
certainly pre Trump woke policies, all kinds of stuff that
are just really not part of our defense mission. We
can have a cultural discussion at another time in another venue.
So you pointed out that there's a good social media
(12:00):
account that's monitoring this. I think it's called d D Watch.
Can you tell me a little bit about that. Yeah.
Speaker 3 (12:06):
D D Watch has been around for a couple of
years now, and they basically are tracking the activities. It
started out inside the Biden administration, obviously, of the woke
activities going on in the Department of Defense. And the
really good thing about them is they haven't stopped just
because the administration changed, even though you know, we've all
(12:28):
seen the wonderful moves by Secretary Hegseth and President Trump
through executive orders, and it's even been declared that woke
is dead in the military. We know, and you know, Jake,
it's the biggest bureaucracy in the world. And bureaucracies tend
to have policies that live on forever and ever. And
(12:48):
DoD Watch still has eyes on there. That's why I'm
supporting them, and I want everybody to go follow that
account because we've got to know. If we know, then
we can raise the alarm. And President Trump and Secretary
hegsas team will know because they can't see everything and
it's still out there.
Speaker 1 (13:07):
Yeah, and I was looking at this group. The DOODD
Watch deserves a lot more followers than it has right now.
I love when we give someone a positive shot in
the arm on this program. And by the way, I
got two words for anyone, especially you, colonel who talks
about defense department mismanagement and bureaucracy. My low mindbender. Those
of you who know that reference, tell me about it
on Get Her and Rumble. You can read the book
or watch it you'll I'll tell you the title when
(13:29):
we come back. Colonel Rob Manas. He's also the host
of the Rob Manas Show. You can watch it Monday
through Friday. Thank you so much for joining us. I
know it's only Wednesday, but have a good weekend. Thanks
shake all right, coming up, the President isn't backing down
from defending Attorney General Pam Bondi's handling of the Jeffrey
Epstein's case, but she's going to need to change course
(13:49):
pretty soon no matter what. I'll explain why. And I
just feel dirty all that reporting I've been doing about
some of that new tech. It hurts where you, you know,
go through a little drive through with AI. I was
talking about how great it was, and I was talking
about how not great it was. Both of those things.
I feel like I was part and accessory to a crime.
(14:10):
I'm going to fix all that in a few minutes
when American Sunrise Early Edition continues. All right, we have
(14:42):
a live shot of somewhere in America right now. Who
can guess what city that is? We'll find out in
just a minute. Welcome back to American Sunrise early edition.
This is a Wednesday. I'm Jake Novak. Thank you to everyone,
and get her and rumble. You guys are often running
with your comments, jokes, a few arguments. That's the way
it works in AM because that's okay. Uh. When I
say that President Trump is still backing Attorney General Pam
(15:05):
Bondi on this Epstein thing, I mean it. Listen to this.
Speaker 4 (15:11):
The President, your going, mister President, your daughter in law
stand that there that there should be transparency in the
Epstein case.
Speaker 5 (15:18):
You agree with her, sir. The Attorney General's handled that
very well. She is. She's really done a very good job.
And I think that.
Speaker 6 (15:27):
When you look at it, you'll understand that I would
like to see that also, But.
Speaker 5 (15:32):
I think the Attorney general the.
Speaker 6 (15:33):
Credibility is very important and you want credible evidence or
something like that, and I think the Attorney General has
handled it very well.
Speaker 5 (15:43):
The attorney.
Speaker 4 (15:45):
On the DJ and FBI review, the findings of that review,
the Attorney General.
Speaker 6 (15:50):
What on the what but what subject?
Speaker 5 (15:55):
The review of the file, very very quick briefing and
can you tell you what did she tell you about specifically?
Did she tell you and all that your name appeared?
Speaker 6 (16:06):
And no, she's she's given us just a very quick briefing.
And in terms of the credibility of the different things
that they've seen, and I would say that, you know,
these files were made up by Komi, they were made
up by Obama, they were made up by the Biden
from you know, uh we and we went through years
of that with the Russia Russia Russia hoax, with all
(16:30):
of the different things that we had to go through.
We've gone through years of it. But she's handled it
very well and it's going to be up to her.
Whatever she thinks is credible, she should release.
Speaker 1 (16:39):
Yeah, all right, I don't think it takes a genius
to guess. This position will not last, folks. And now
even House Speaker Mike Johnson is demanding Bonnie turnover those
Epstein files to the public. Stay tuned. We'll have a
lot more on this throughout the morning. Now, another thing
going on in Capitol Hill right now, the move to
cut one billion dollars in funding from PBS and NPR
is moving ahead. It's about nine billion in funding overall.
(17:01):
A couple of points. I'm going to talk a little
bit more about this with David Brody at the end
of the hour, but I want everyone to understand a
couple of things. First of all, the popular shows on
PBS and NPR have an economic power that goes beyond
government funding. Talking about Sesame Streets, maybe you don't like
that show, but it is popular. A few other shows
on MPR they have backing that they have an audience.
They don't need government funding. It's like you and me
(17:22):
giving tax money to Apple. They don't need it. Okay,
they have a strong audience. Second of all, hey, elon Musk.
A lot of these cuts the Senate is voting on
right now, and President Trump and jd Vance and John
thun are busting their butts to get through that has
a lot to do with the work you and Doge did,
and you're not even sending any encouragement to it. I
don't know if you're so interested in cutting the budget.
After all, if I were you, i'd be cheerleading this effort.
(17:44):
I know it's not all the money you want cut,
but a lot of these cuts that they're dealing with
right now are because of the work that you guys
put out there, come on elon musk time to be
a cheerleader. I guess he's not interested, Okay. Joining us
now is one of the co founders of the company
that sponsors Moving America, which is coming up in a
few minutes every day here on Real America's Voice American
Sunrise Our Leadership. His name is Michael Britton. He's from
(18:06):
Artillery Tea Company. Michael, our viewers may still be a
little bit unaware of how special your company is, even
though they see that little ad from you every day
that I talk about. So go for it. Tell them
what got you to start this company and what it's
all about.
Speaker 7 (18:22):
Yeah, thanks, Jake. So what got me to start this
company was I was a big coffee fan, but as
a patriot too, I want to support certain brands, right,
Coffee started to keep me up at night. I started
looking at alternatives, particularly tea, something that can still get
me be caffeinated. But there is just no patriotic, mission
driven brands out there at all, and so that kind
of gave us the jump start to start this company,
(18:45):
Artillery Tico. What we offer is Sachet's Tea bags, but
we're using the full leaves we're using the premium top
graded leaves, and the tea bags themselves are free from chemicals,
free from plastic, bleach, paper, glue, all that sort of
thing that's in regular tea bags, and so we also
have them to be reusable. You can get two bags
(19:06):
out of each cup, and we partner with nonprofit veteran
and first responder organizations to give a portion of each
sale to one of those causes.
Speaker 1 (19:16):
So, I know, let's talk about that. I know that
Artillery T teams up with some amazing charities and foundations
and groups like that. So tell us AB, that's some
of your partners right now who you're giving back to.
Speaker 7 (19:26):
Yeah, We' working with two main ones right now. One
is called Fifth Squad. They help veterans with emergency expenses
like groceries and utilities, rent gas and things like that.
We've been able to sponsor a few veterans through that program.
And another one is called Working Dogs for Vets. They
supply trained service animals to disabled veterans too, and so
we were able to actually sponsor a whole dog, like
(19:48):
the purchase of the dog and then the funding of
the full amount of his training before they're given to
a veteran. We've been able to do that as well.
Speaker 1 (19:57):
You know, is this something I mean, you guys are
all veterans, right man. I think the three brothers who
found in the country, some of you are. Tell me
a little bit about, you know, your personal background and
your brothers.
Speaker 7 (20:07):
Yeah, one of us is a veteran. There's three of
us brothers that founded it. My younger brother is a
ten year Army veteran, and this is there's a lot
of him behind this brand too. I mean, this is
a lot of his idea, a lot of the branding,
and a lot of the nonprofits that we choose to
partner with. He has a lot of influence in that,
and a lot of influence through the design and the
packaging and those sorts of things. He comes down to
the shop all the time and is personally shipping everybody's order.
(20:30):
I mean he probably ships eighty ninety percent of the
orders that come in. And so he's his hands are
all over this thing and they're going to continue to
be as we grow as well.
Speaker 1 (20:40):
Yeah. I mean, it's it's amazing that there's still a
little spot in America, in our business world for these
kinds of efforts. I think a lot of people think
everything's automated, even if it's a quote unquote small company,
and you know, you're talking about real human hands, the
actual founders, touching this product and putting it in the
box to send it to people. I just like that idea.
(21:00):
I think that that really changes the game. Michael. You've
also chosen to set things up in your hometown of Bellefont, Pennsylvania.
Tell me a little bit more about this town, where
it is in the state, what it's like there, and
why you decided to set up there. I mean, you
could have gone somewhere else, I'm sure. I mean, I
think it's kind of a little bit part of your
give back a little bit, but I like to hear
a little bit more about the town that this comes from,
(21:22):
because you know, so many of our products are made
somewhere in China we've never heard of, so this is
a different, different story altogether.
Speaker 7 (21:28):
Yeah, Bellefont, Pennsylvania is in about the exact center of
the state of Pennsylvania. It's in Center County, near Penn
State University. What it's like here is you have the
kind of liberal hub of Penn State's university town. It's
pretty it gets fairly blue, but all the surrounding areas
are red. And I'm sure a lot of people can
relate to that. All these big cities that are that
are super blue. Everybody else in the state seems to
(21:51):
be read. In this state, it's it's Pittsburgh, it's Philly,
it's state college. On a smaller level, that's where Penn
State University is. But we really wanted to get involved locally,
be involved in local community, local politics, and so we
wanted to set everything up in our in our hometown
where we're still a little small like us three co
founders do most of the work for the company still,
(22:14):
but we still we do have one guy that we
that we hired part time to help us out in
packaging and things. So we did want to supply jobs
to the local area as well.
Speaker 1 (22:23):
I love that you local, local guys are making good
and really working hard. Michael Britain, Artillery Tea Company, Thanks
so much for joining us in stay tuned for the
Moving America segment you sponsor every day coming up in
just a few minutes, and also coming up, it's what
does the latest inflation report really tell us about prices
at the stores and in the showrooms in America. I'll
have some answers when American Sunrise early edition comes right back. Okay,
(22:55):
so did you guess that it was Boston, Massachusetts? The
reason why I guess I kind of. I kind of
thought so because of that bridge, and I was going
to guess Boston with then it I saw that WBZ
if you can look really closely at the screen, and
that's a Boston station. I saw that little bug in there.
So that's how I guessed it. I cheated a little bit.
Let's take a look at where the markets are going
to begin today. We had a big sell off on
the Dow, but again on the Nasdaq yesterday. Looks like
(23:18):
we're going to be flat as we open today. It's
earning season, and I'll talk a little bit about that
in a second. Gold is up and crude oil down.
Now I see a sixty five hand on crude oil.
Let's take a look at bitcoin, because bitcoin's been wild
the last couple of hours. It got open, you know,
as you know, it got over one hundred and one
twenty one the other day, went down below one seventeen overnight.
(23:39):
Now it's back closer to one nineteen. Okay, let's talk
a little bit more about that June inflation report that
I previewed here on this program for you yesterday. Remember
I told you that economists were looking for an annual
inflation rate of two point six percent, and they were
looking for a monthly gain of zero point three percent.
They were half right. We did get a zero point
three percent increase in inflation in June. That was as
expected if you strip out food and energy the core
(24:02):
rate is what they call it for those of you
who want to be wonky. That came in cooler than expected,
so that was the good news. But the annual rate
came in at two point seven a little hotter than expected.
It's basically a wash. It's what was expected what wasn't
expected by the people who have been doomed sayers about
the tariffs. They were saying that we were going to
have an inflation rate that's going to blow up any day. Now.
(24:22):
They've been saying that for three months in counting. Hey,
it may still happen, but they've been wrong so far.
All right, now for more of that sexy, sexy topic.
You know I'm going to talk about it rare earth. Okay,
I know it's not that sexy. But how about five
hundred million dollars? Is that sexy enough for you? That's
what Apple is spending on day one for a contract,
a rare earth contract for some magnets that they need
(24:44):
for all their technology with MP Materials. That's the company
that the Pentagon announced on Monday they're going to be
the number one shareholder of. Because rare earths are dominated
mostly by China. That is a threat to our economy,
a threat to our national security. And Apple is immediately
putting out some serious money knowing that they want to
be an American company and not dominated by the Chinese.
(25:06):
MP Materials, By the way, that company gained twenty percent.
Their share is gained twenty percent yesterday and are up
another four percent in the pre market today. Over the
last five days. Get this, MP material shares are up
ninety percent. Okay, good, that's sexy. That's sexy all right.
Speaking of vital US interests and protecting them from the Chinese,
there is more evidence that the Trump administration will be
(25:28):
slapping total total bands or at least big big tariffs
on Chinese solar panels and Chinese made drones. Now, this
is obviously not just an economic situation. It's also national security.
There's people who believe that there is some data collecting
surveillance technology in some of these solar panels. Certainly they're
in the drones. This is not a joke, but this
(25:50):
is great news for some of these American companies that
are ready to make all these products here in the
United States. So for those of you who think Donald
Trump is not a friend of the solar companies, well
well he's a friend of the American solar companies because
First Solar shares close seven percent higher yesterday. Yeah, it's
going to be more expensive and everything else like that,
But I'm sorry. You can't have China spying on us
and taking over a vital part of our economy. All right,
(26:13):
ladies and gentlemen, start your engines moving America. Sponsored by
Artilleryteacompany dot com. Use promo code rab for ten percent
off your first order. We were just talking to one
(26:33):
of the founders. Artillery T is all natural, whole leaf,
the tea bags are chemical free, and each tea bag
can be used twice. Artillery T Company is family and
veteran known and operated in a portion of your purchase
goes to help veteran and first responder charities, artilleryt code
dot Com promo code RAV for ten percent off your
first order. The customer is always right, and right now,
(26:56):
most American customers don't want to buy evs, and that's
even before the special tax credit to buy them expires
at the end of September. We have seen EV demand
going down for a good year. Now all right, GM
is getting the message and it is now preparing to
convert what was supposed to be an EV only plant
in Orion Township, Michigan, to a factory that will now
(27:18):
manufacture gas powered Silverado trucks, GMC Sierras and the Cadillac Escalade.
I love the smell of petroleum in the morning. It
smells like victory. Thank you, Robert Duvall. Okay, here's some
more victory. Volvo's very popular crossover SUVs, the X sixty
and the XC ninety, are now about to be made
(27:39):
in South Carolina. That's at Volvo's relatively new plant not
far from Charleston. This is all because of the tarifs,
and this is all what any sane company would do
even without tariffs. Call me crazy, but you should make
the products closest to the people who actually buy the products.
Tarifs are no tariffs. Thank you, Volvo for coming to
your sane reality. Now back to evs. Whant I talked
(28:01):
about them for a second, because we are in a
full blown financial and political scandal growing in China right now.
That's because a number of this sounds like an American story,
but it isn't. There's because of a number of ev
companies in China have been taking massive subsidies from the
Chinese government but not really producing anywhere near enough cars
to justify those subsidies. Hmmm, that's not good. Any sayan
(28:27):
economists would have predicted that that's what happens when the
governments give out free money. You don't really get as
much product as you think you're going to get. But
this is communist China with the Communist Chinese Party, so
let me tell you something. All kidding aside, the managers
of those companies could be hit with brutal prison sentences.
We've seen this in the past from some of the
business leaders there who run a foul of the government,
and going to prison maybe actually the best they can
(28:48):
hope for. There have been people in China managers of
companies who put together, for example, faulty products who got executed.
I don't know if anyone's going to get executed over this,
but there's going to be some prison. That's the way
they work in China. Now. It's not often that I
feel like I've been an accessory to a crime, But
after learning all the details about that AI drive through,
it hurts that I told you about And remember I
(29:10):
first reported it. I think I'm pretty sure on the
first TV news program to report this to you, I
first reported it as a way for people to save
time when you drop your car off. Well that isn't
so true. I found that out. Then I reported and said, hey,
wait a minute, this AI machine is finding little itty
bitty scratches and smudges and charging people for them. So
I warned you about that, But now I have found
(29:31):
out that when you go to Hurtz and rent a car,
they tell you about this. I say, hey, we have
this new AI thing that catches every little smudge. Do
you want to buy insurance, a special extra insurance for
damage at fifty dollars a day? So you see where
I'm going here. This whole thing has been a racket.
They've been getting people like me to report on the
little on the sensitivities of this machine to get you
(29:52):
to go and buy that extra insurance hurts if you
are listening, stop this scam right now. It's just not nice.
And hey, if you're gonna listen, let me let me
tell my viewers rent somewhere else. This is crazy AI
versus humans. That's terminator stuff. It shouldn't happen at my
rent a car store. All right. Coming up, one of
America's longest running experts on real inflation is about to
(30:13):
join us. I've known him for a long time. He's
gonna help us get to the bottom of what the
real prices are and whether tariffs are responsible. And let's
talk more about those big tech companies and how they
are starting to understand that they can't rely on China
or trust the CCP. Will they learn this lesson the
hard way or the easier way? American Sunrise Early edition
(30:34):
will be right back. It's Wednesday, July sixteenth. Here this
(30:56):
morning's top stories. Russia is reportedly unphased by President Trump's
new weapons deal for Ukraine and those tariff deadlines. Putin
is ready to fight on in the war. So now
what President Trump continues to stand strongly behind Attorney General
Pam Bondi and her handling of the Jeffrey Epstein case,
but other Republicans, including House Speaker Mike Johnson, are now
(31:18):
demanding a full release of the Epstein files. The move
to cut about one billion dollars in funding for PBSMPR
and other public broadcasting oh on about eight billion dollars
of other funding is advancing to the full Senate floor.
The acts could fall in just a couple of days now.
And just how important is that rare earth mining investment
(31:41):
by the Pentagon. It's meant to save our country and
our businesses from Chinese domination. Well, Apple thinks it's important,
through a half a billion dollars into the effort. On
day one, American Sunrise Early Edition continues. Now, welcome back
to America Sunrise Early Edition. I'm Jake Novak. It is
(32:02):
a Wednesday, and I'm excited about bringing our next guest
to you. He's a financial advisor, a wealth advisor, and
someone I've known for a long time, Ed Boutowski. And
the reason why your name popped into my head, especially
these days, is because man, I don't know how long
ago I don't want a data sed but fifteen years ago.
You've been talking for many, many years about the real
(32:23):
inflation rate in America and how we really have to
calculate it. So I have to ask you, what do
you think the real inflation situation is in America? And
our tarrists really pushing inflation right now, because hey, we
all know inflation was on the rise well before this
whole tariff thing started.
Speaker 8 (32:39):
Good morning, Ed, Good morning. Thanks for having me, Jake,
It's great to be here. So the idea behind my numbers,
which is the Chapwood Index, is I take actual products
and look at them on a quarter by quarter basis
and what the actual price rise is. If anybody was
really to dissect how the CPI was calculated, you would
(33:00):
be blown away to see all the manipulation that goes
into it. So the real cost of living increase is
going to blow people away. But it's about seven and
a half to nine percent a year when you factor
in every single thing that you spend money on, so
that's insurance, taxes.
Speaker 1 (33:18):
Food, gas, and so on.
Speaker 8 (33:20):
When you factor everything in, you take away the manipulation
that the CPI is under, and you get to about
seven and a half to nine percent. But the idea
behind the tariffs right now pushing inflation higher. First of all,
it was kind of a rounding error, so inflation really
didn't go.
Speaker 5 (33:37):
Up that much.
Speaker 8 (33:38):
But at the same time, the tariffs haven't really played
into any kind of real life price increases because a
lot of them haven't even taken effect yet. So you
have a liberal media out there trying to push a
narrative that Trump's tariff game is pushing prices higher. First
of all, prices haven't gone higher, and second, tariffs can't
(33:58):
possibly be to blame for it because they haven't been
enacted yet.
Speaker 1 (34:03):
Yeah, a small problem with that with that theory. All right,
Speaking of theories, ed, I'm gonna run by something run
by you. Something I started last week. I called it
the Delta decoy theory. This is my theory. Companies like Delta.
When the tariffs were announced, they put out hysterical comments
and warnings about how not only did they think this
was gonna hurt their bottom line, but they were saying,
(34:25):
we can't even guess how much money we're gonna make
now or lose. We don't even know. And then, of course,
when earning when they started to report their earnings. Delta
was the first last week they easily cleared that lowered bar,
and their shares went up like thirteen percent on the day.
I don't think Wall Street's gonna fall for it with
every company, but this is what I think a lot
of companies are doing. They're playing this chicken little game
(34:46):
in the hopes of lowering expectations so when their real
numbers come out, they can say, Wow, we cleared this
huge hurdle that called the Delta decoy. What do you think, Eh, well.
Speaker 8 (34:56):
I'll tell you the companies these days have to be
very strong in terms of what they say. They're being scrutinized,
you know, tremendously from the SEC, so they can't really
play those games that much. But they can come out
and say, we have no idea, but that's really gonna
be geared more towards the third and fourth quarter if
the tariffs do take effect. But right now, you know,
(35:19):
the second quarter shouldn't really have a big impact because
tariffs haven't played a big role into it. I think
it's a really good catch on Delta, and you'll probably
find that with a bunch of other companies that really
don't have a strong understanding of what their earnings are
going to be, and they're gonna blame it on the
tariffs and Trump, but it's just not an accurate analysis.
Speaker 1 (35:42):
Yeah, well, let me just warn the New York Jets
right now. If you blame another losing season on the tariffs,
I'm not buying it, all right, And you long ago warned.
Another thing you've been doing for years is warning us
about the Chinese threat to America's businesses. So I suppose
you must be pleased by this rare Earth deal. You know,
this is this thing that happened earlier this week, the
Pentagon putting in a huge investment in MP Materials, this
(36:06):
rare Earth company. I know it's not sexy to talk
about tractors in the dirt and the rare earth mining,
but you know it is sexy. Five hundred million dollars
that Apple threw at this venture on day one, I
mean literally the first minute they could possibly invest in it,
they threw that money into it. What's your take on
all this, Well.
Speaker 8 (36:23):
Rare earths are are going to be, you know, what
everyone is looking for these days, and the mining of
them and doing them safely is going to also be
You know, a real you know test. You know, Ukraine
has a bunch of rare earth minerals that we are
going to try to extract. So Apple has so much money.
Five hundred million is a small, you know, fraction of
(36:43):
what they have in terms of cash, and this makes
a lot of sense. But also, you know, underscores the
fact that Apple is not going to be bringing back
their manufacturing to the United States. They decided that, you know,
with all the tax codes and where they're getting cheap labor,
that they're better off, you know, packaging and producing their
products outside the United States, which is completely against what
(37:03):
Trump wants.
Speaker 1 (37:05):
Yeah, they're still going to try to do that. I
know that people like Peter Navarro have been slamming Tim Cook,
the CEO of Apple, for not moving things out of
China fast enough. But as you point out, they're not
going to bring it back to the States. They're going
to put it in India, maybe Vietnam, places like that. I
guess I prefer that, but remember, we would really like
to see more of these jobs here in the United States.
(37:28):
But at least they're going to get their rare earths
from the US. I man, we're going to get something
out of this, and that to me is something. Finally,
I know you've been watching the NATO defense spending situation.
You posted something yesterday that I thought was really interesting.
It was a graphic about how all the NATO countries
basically what they spend on certain items, and if they
(37:48):
get up to five percent each, how much of a
change that would would make. One of the things I
think that is really interesting ed about all this discussion
about NATO defense spending the rush of Ukraine war, is
that it's a trade issue too. I mean, you can
see what President Trump is doing. He's basically telling Europe, hey,
we'll probably get a good trade deal going if you
(38:08):
get your defense spending up, because your defense spending going
up means that you'll be buying more American weapons systems
like the Patriot missile system and probably some other defense items.
It's all part of a big basket. It's one of
those reasons why I always tell people that on this
program Skin in the Game, you got to look at
the people who are putting money into something or not
putting money into something to find out sometimes what the
(38:30):
politics are. So your thoughts on this, I mean, what's
the defense industry mean? To the American economy in addition
to our political safety.
Speaker 8 (38:41):
Well, the defense industry depends on where you're located. You know,
Boeing moved its headquarters to Chicago a number of years
ago from Seattle, but they still have a huge presence
in Seattle, and more business done through Boeing is a
huge thing for this Seattle economy. I don't think it really
moves the needle in Chicago at all. I don't think
(39:02):
anything moves the needle in Chicago anymore. But at the
same time, the amount of spending being done by NATO,
no country is up to five percent of its spending
and that's a minor thing when you start thinking about
the war in Ukraine and how much trade could possibly
go through them. I mean, Spain came out and had
the hookspa to say, we're not going to increase it
(39:24):
at all. I mean, you know, let's see if Spain
ever needs protection from NATO and then we'll you know,
we'll see you know what kind of uh hooks you
know what what what where they stand on this at
that point. But the NATO spending is a huge deal,
and it also shows you know, the skin in the game.
You know, showing that you're a team member versus somebody
(39:45):
who's just kind of a tag along. So I think
that the spending, you know, will find its way into
the trade negotiations on everything, including defense spending, but it's
also going to find its way into consumer products. I mean,
the United States is not going to forget that Spain
did not up their amount that they're spending on NATO,
so when it comes to trade, you know, I think
(40:07):
Spain is in a bad position at this point.
Speaker 1 (40:10):
Yeah, I mean, I just these European countries are so
mixed up, and as some people have been pointing out,
the size of the EU economy used to be the
same as the United States just a few years ago.
Now it's half the size. There's a reason for that.
It isn't just about the fact that they aren't spending
enough on defense. There's a lot of other things going on.
And I only have about twenty seconds left, but there
(40:31):
are a lot of people who think this big, beautiful
bill being passed and signed is really going to be
a major kickstarter for the economy. I heard Ken lang Going,
the co founder of home Depot, go crazy about it
yesterday in a positive way. Are you in that camp
as well. You think that this bill could really get
our economy growing.
Speaker 2 (40:45):
I do.
Speaker 8 (40:46):
I mean, you know, if you think about what we're
facing with the tax increases, if we didn't get the big,
beautiful bill, then we would have been in a really
bad position. But less constraints on the economy. You know,
it has a multiply effects. So a dollar then becomes
three dollars over time. So the more money people have
in their pockets, the better off the economy is going
(41:07):
to be. It's going to take a little while, and
a lot of people will say that that when you
cut taxes you do not get more revenue, but you do.
You always get more revenue. I remember talking to Art
Laugher about this, and you always get more revenue. The
question is about spending, and then we have to cut spending,
which is a really tough thing to do. But cutting taxes,
(41:28):
we will always get more revenue as a result of that.
But it's going to take about a year for to
take an impact on the economy.
Speaker 1 (41:36):
Right it. It takes a little while, but not that long.
Edbutawski thanks so much for joining us. Check them out
on social media. Ed one of the great commenters on
our economy and our political situation. As always, ed, have
a great weekend. I know it's only Wednesday, but I'm
looking ahead. Thanks Jack. All right, coming up, it's time
to give an economics lesson speaking of money to those
folks who think cutting taxpayer funding for PBS and MP
(42:00):
means the popular shows on those networks, the few that
they have will suddenly disappear. David Brody and I will
enlighten those folks and you when American Sunrise Early Edition
comes right back. That's a live look at the mall. No,
(42:37):
not the Roosevelt Field Mall. It's the mall in DC.
It's a different kind of mall. Welcome back to American
Sunrise Early Edition. I'm Jake Novak. DC is the spot
that I want to talk about right now because the Senate,
for those of you who haven't been paying attention, the
Senate's been working really hard over the last day or
so on this nine billion dollars worth of cuts. They're
(42:57):
calling it recision cuts because these were spending items that
were already approved that the government now wants to the Republicans,
the Trump administration now want to claw back. Of course,
it's nine billion dollars in total. But the big part
of it that everyone's talking about is the one billion
dollars of it that will be going to help fund
PBS and MPR. Let's talk economics here for just a second.
(43:19):
Here's what PBS and NPR do. They use their popular shows,
and they do have some popular shows. Come on, some
people like Sesame Street, a lot of people do. MPR
has a couple of shows that are fun. Wait, wait,
don't tell me stuff like that. And they say, hey,
you love those shows, and the government's going to cut
funding for them. That is a lie. That is what
I call human shielding. All of those programs that are popular,
(43:39):
have a popular and strong economic viability to them. They
will get private funding. They already do. Sesame Street is
basically an HBO production right now. So there's my proof.
If something is good and the audience likes it, it
doesn't need government funding. The economy and the market, as
we say, will support it. So that's one thing folks
don't fall for that nonsense. Also, just want to say
(44:01):
one thing about all these cusses we bring in. David Brody,
you know a lot of these cuts that the Senate
is busting it, but really to get passed. Jade Vance's
had to cast two tie breaking votes already, and he'll
probably have to cast the final one later today. These
most of these cuts are things that Elon Muskin, Doge
Earmark found called for to be cut, to be cut,
And has he said one word of encouragement or anything
(44:22):
at all about this?
Speaker 6 (44:24):
No?
Speaker 1 (44:24):
So I'm sorry, I got a doubt Elon's commitment to
cutting budgets. Why won't he even cheerlead himself and the
efforts there as people are really trying to get the
work he did codified, as they say, made permanent. David Brody,
your thoughts. You're smarter than Elmo, so let's talk.
Speaker 4 (44:40):
Well, And I guess that's saying something to an agree
that I'm smarter than Elbow. I'm not smarter than a
fifth grader, but I am smarter than Elmo. So look here,
here's the thing with Elon Musk. And I've said this
for a while now, right, I mean, I never trust
Elon Musk as far as I could throw them. I
said this way before all the controversy.
Speaker 1 (44:57):
Look it up.
Speaker 4 (44:59):
Look at the three quarter inch tape, so to speak,
from nineteen seventy five. It's on a track somewhere in
an audio version. But I said it, and this is
just another example of it. Look, Elon Musk is in
it for himself. That's what this is really all about.
He always wants to make America rich again. He doesn't
necessarily want to make America great again, though he thinks
(45:20):
making making America great again is making it rich again.
Speaker 1 (45:24):
But it's much bigger than that.
Speaker 4 (45:26):
But he's been silent here because he's pretty much gone
not only a wall, he hasn't gone a wall. We
hear from him often, but we don't hear from him
on this because he has an axe to grind, and
this is I think this is a Susie Wiles.
Speaker 1 (45:37):
And Elon Musk thing overall.
Speaker 4 (45:40):
I think this is just something where he's just been
cut out and he's at sour graves. And let's also
be honest talking about money. Two hundred and fifty million
dollars is what Elon Musk spent in the twenty twenty
four campaign to help get Donald Trump reelected. He wants ROI,
He's wanted ROI on his investment. He never really got it,
and he's from strated at that.
Speaker 5 (46:00):
Now.
Speaker 4 (46:01):
Having said that, it's interesting about PBS by the way, they,
according to certain advertising and media agencies, PBS and NPR,
just quote skew left, skew left.
Speaker 1 (46:13):
That's all they do. Just skew a little bit left.
What are they crazy?
Speaker 4 (46:16):
And by the way, anytime folks at NPRS or PBS
try to defend or the Corporation for Public Broadcasting, you
try to defend the fact that they have conservatives on
their air, they'll mention David Brooks.
Speaker 1 (46:26):
Really, David Brooks is who you're going to do? Or
William F. Buckley back in the day.
Speaker 4 (46:30):
Really that we're going back to William F. Buckley, these
people so And by the way, one last thing, this
idea that you're going to you know, they always love
to do this, the liberals.
Speaker 1 (46:40):
Right, you're gonna.
Speaker 4 (46:40):
Defund Sesame Street no more, Elmo, come on. That's that's
the PBS version of Troe Granny from the cliff.
Speaker 1 (46:47):
It's insane. Yeah, it's not true. What is true is
that you got two hours of American Sunrise coming up.
I'll be joining you in the nine am hour and
I'll see you also tomorrow.
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