Media mergers, and what it means for us, the consumer? Our economist and money wiz, David Bahnsen will lay it all out for us.
We all know sports betting destroying sports and real lives, but do we really care? Is anyone winning? Why are both political party’s doing nothing? Danny Funt joins us for a two-part series on EVERYBODY LOSES: The Tumultuous Rise of American Sports Gambling.
A massive winter storm is set to target more than 180 million Americans, stretching from Texas through the Midwest and into New England. Heavy snow, ice, hazardous travel conditions, flight disruptions, and potential power outages are all concerns. National Correspondent RORY O’NEILL will have more on who will be hit hardest and how long the impacts could last.
See omnystudio.com/listener for privacy information.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hi, it's me Michael. Your morning show can be heard
live daily on great radio stations like News Radio six
fifty k E n I Anchorage, Alaska, Talk Radio eleven
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live every day and make us a part of your
morning routine. But better late than never. Enjoy the podcast on.
Speaker 2 (00:19):
Two three, starting your morning off right. A new way
of talk, a new way of understanding, because we're in
this togiven. This is your morning show with Michael O'Dell Chorman.
Speaker 1 (00:35):
Hey, good morning, Welcome to Thursday, January the twenty second,
My twenty sixth, the wedding anniversary, big day you have
about Old twenty twenty six on the Aaron streaming live
on your iHeartRadio app. This is the show that belongs
to you. This is your morning show on Michael del
Jarnohana to serve you. Jeffrey Lyon has the sound read
keeping an eye on all the content, and that content
(00:56):
all points to President Donald Trump, who says the frame
work of a deal has been worked out on Greenland
and it will last forever. There are very few details
and very few others who would be at this table
acknowledging such a framework. But there is this sense that
for everybody freaking out over Greenland and an invasion occupation,
(01:21):
even Canada flinching in between the threat of terrorists for Europe,
the President seemingly is announcing he has a framework for
a deal that would include the mineral rights and the
land necessary for national security and military operations. Of course,
my question that no one ever can seem to answer
is how is that any different than an arrangement and
an agreement he already has for Greenland. Ice operations are
(01:45):
moving to Maine this week. The House Oversight Committee is
advancing a resolution to hold former President Clinton and for
Secretary of State and First Lady Hillary Clinton in contempt
of Congress. Nine Democrats voted to hold Bill Clinton and
contempt of Congress. Three Democrats joined Republicans to hold Hillary Clinton.
Is it an interesting the view of Hillary versus Bill?
(02:08):
And A polar vortex is expected to bring brutally cold
temperatures to two thirds of the country by Sunday, and
for many states, ice, snow and potential power outages were
keeping an eye on that. Speaking of the threat of
tariffs for Europe, which dominated much of the pre talks
(02:28):
of Davos meetings. David bonson our Money was an economists
joining us. David, I know you're not a fan of tariffs,
and I agree with you. In the end, they're always attacks,
and it's always handled the same way companies eat it,
which kind of affects their capital and expansion. And what
we really need are jobs and salaries, so that's not good.
(02:48):
Or it's passed on to the consumer and just things
get certain things get more expensive, and then that even
that becomes a political weapon. What about the use of
threatening tariffs over and over again in terms of political gamesmanship?
Speaker 3 (03:03):
Any dangers with that, well, I think for the president,
unfortunately he found out the hard way this week that
the big danger, as the boy who cried wolves, that
people just don't take it seriously anymore.
Speaker 1 (03:17):
And I think, you know.
Speaker 3 (03:18):
With Europe in particular, this was actually fascinating how the
Europeans of all people said you're not doing this, and
we will retaliate and we will rip up these other
frameworks of deals that we had. And it took him
twenty four hours to walk it back, where at least
Liberation Day he held in there for five days. So
(03:41):
I think that the tariff threats become problematic because you know,
at some point they stopped working even as threats. But
you know, I think the bigger issue as to what
exactly what you brought up, which is where there are tariffs,
the costs. You know, they get present did as benefits
and they do not get presented as a cost, which
(04:04):
is a more accurate way to frame it.
Speaker 1 (04:07):
All Right, you did last week in your Dividend Cafe,
which I encourage people to check out every Friday, the
Dividendcafe dot com with David Bonson, and you looked at
these media mergers and I know we alluded to it
in teasing that it was coming that. You know, I've
done studies on this and you can basically we talk
(04:27):
about controlling the narrative. There's about five just like there's
about five tech companies that really have a handle on
everything we see on our screens, there's about five major
companies that control every movie, television show, and news outlet.
They all trace back. And now we have these new
mergers coming forward. What does it mean for us the consumer?
Speaker 3 (04:52):
Well, Mike go I have a hard time with this
because I think that people when they refer to, you know,
there's only five that movies, it just sort of isn't true.
You know, That's why we get so excited and some
independent movies studio comes and wins an oscar, and it's
why we get excited when there's you know, a tier player.
(05:14):
I mean, it is true that the five big ones
do the bulk of them.
Speaker 1 (05:19):
They have the.
Speaker 3 (05:20):
Money to pay the stars and consumers like movie stars,
and smaller independent movie studios don't have the money to
go get the big stars. And also the smaller players
can't afford to lose money on a movie, and the
big guys lose money all the time.
Speaker 1 (05:40):
Well, you're majoring, but you're majoring in movies. We all
know what Disney owns and influences, and it's wide. We
all know what Comcast owns and it's wide. Should there
be any concern that everything is boiling down to a
handful of owners.
Speaker 3 (05:57):
Well, if you mean concern that causes the state to
be able to intervene, then I would be fervently.
Speaker 1 (06:06):
In the notion.
Speaker 3 (06:07):
If you mean consumers having an opinion, I go, I
don't like the fact that there's only five major studios,
but just to be clear, you know how long there's
been five majors since well before you and I were born.
So it doesn't feel for me like we've been starved
of entertainment for the past eighty.
Speaker 1 (06:27):
Well again again you're focusing on entertainment. I'm more concerned
with those controlling narratives through the Internet, those controlling narratives
through news, whether it's cable or traditional network stations. Quite frankly, yeah, no.
Speaker 3 (06:43):
I mean it's it's very clear to me that that
can't happen because of the democratization and the very decentralization
of those vehicles that right now the big people that
used to get their news only from either nbccbs U
or ABC each night right when you and I were
younger watching, Yeah, there's one hundred options right now for
(07:08):
how to get news, one hundred, not five. And in fact,
some of those hundred are the worst things I've ever
seen in you. So I think that there's more choice
than there's ever been when it comes to news. And
I think that when we talk about framing narratives, you
can have a little guy trying to frame a narrative,
(07:28):
you can have a big guy trying to frame it.
I think that social media is a far bigger issue
for what you're concerned.
Speaker 1 (07:34):
About than the owners of.
Speaker 3 (07:37):
Media content companies, because the social is the cyber algorithms drive.
That's what self selection, where people basically start hearing more
and more of what they want to hear. That's really
a dynamic that has done more through the Internet than
through television.
Speaker 1 (07:54):
David Botson, our money was an economists is joining us?
You did this piece on media mergers. Never fair to
do this to somebody because it's a very thoughtful piece,
well written. But if you had to summarize why they
should go read it and what they need to take away,
how would you do So?
Speaker 3 (08:13):
Yeah, I'd say two things, because some people listening may
not care about it as an investor lesson, and so
the first thing is even for people not interested in
it as investors, there's just a history that I think
is interesting for people to understand that you have a
lot of psychopaths out there that are billionaires that will
just set their own money on fire because they're empire building,
(08:34):
clinical narcissists, and it is almost systemic in that space,
like it's very rare that somebody wants to become a
medium mogul if they're not a little bit of a
pathological freak show. And I find it fascinating just in
terms of human psychology. So it's a fun situation there
to read about the history of it, and it should
(08:55):
tear down this idea that there's these big, super smart
people out there that are making big decisions that you know,
they know what they're doing. Well, no, they're sort of
like the crazy guy on the playground sometimes, And that's
really what the late part of the twentieth century and
early twenty first century we saw a lot of these
major and media companies. But then the second part is
(09:17):
for investors. I just think there's an incredible lesson in
capital discipline, capital stewardship, and investors need to understand that
when companies want to spend the profits they make that
belong to you as an owner of the company, and
they want to spend it on just insane mergers with
internet companies and other media companies and this and that,
(09:38):
and they're not responsibly returning capital to you, then you
have a problem.
Speaker 1 (09:43):
You know, media is kind of so interesting, it's so
on the I mean, the paradigm has already shifted. The
industry has already shifted. The demand has changed, the delivery
systems have changed. I've dealt, I've worked twice for very
wealthy people, very household name people. It was frustrating for
(10:04):
me because they always have a new pet passion. It's
hard to keep them focused to finish something, and they
often will throw money at the wall constantly. And all
thing I do is have one stick in their lifetime
and they'll be known for it, so that game gets played.
And I wonder if that's a part of this and
(10:26):
if anybody's playing it better than others. I would say
Prime in Netflix, they're playing this really well.
Speaker 3 (10:33):
Well. I agree, and I think Time and Netflix are
examples of companies there's still, you know, a real company there,
there's a real board, there's a bazillion shareholders, and they
can make mistakes. And I suspect that at some point
you're going to see some big ones. But it's different
than when you talk about like a billionaire who runs
(10:55):
a company by themselves, that they now have very different incentives. Okay,
when you're worth ten billion, you can go back fifty
percent of the capital and if it goes to if
all of that goes away, you still have five billion, right,
and yet ten billion person, what do they care about?
(11:15):
Sometimes if they're priorities in life are not ordered, if
they haven't read their C. S. Lewis for the month
or their Bible for the year, well they care about
beating the next ten billion dollar guy, right, So then
what happens is you're invested with this brilliant billionaire and
yet you can't afford to lose half of your money.
(11:35):
But they're making decisions it can easily cause that to happen.
And so I think I understand, like you want billionaires
that are successful, smart people that are motivated to investor
capital in the right way. But if their motivations are
not aligned with yours, it becomes problematic. Or if the
right governance and structures not in place. You know, if
(11:56):
I got tons of critical things I can say about
the Amazons and Netflix of the world, but they're they're
reasonably well run companies. I'm referring to other situations where
you have, like, you know, the example he using the
piece you're talking about at givdingcafe dot com was some
in the Redstone who read who ran Viacon Paramount CBS
(12:17):
for years and owned MTV Nickelodeon, Comedy Central, Showtime. You know,
he controlled like eighty percent of the company and so
his agendas were very different than shareholders, and it was
really really psychotic what happened. I think people need to
be careful of those situations.
Speaker 1 (12:37):
Yeah, MTV is a fascinating study in what it came up,
but what it's become. I mean, if you think of
some of the best things you're watching on Netflix or Amazon,
you'll see that ah MTV, they're producing some great product
right now for the first time and maybe ever. David
bonton istoris I want to get a quick answer to
this question that I was talking about. If, in fact,
(13:00):
the left plays this affordability narrative for the midterm elections,
which is basically a referendum on Trump, and the Republicans
have to respond, how much success story do they have
as a party or even in Donald Trump? How strong
is the economy, How affordable are things?
Speaker 3 (13:21):
So those are two different questions. They're really going to
try to lean into the first one because the affordability
issue was based on a lie that a politician can
make prices go down, and the Democrats are going to
unfairly go say, oh, look, they didn't make prices go down,
But the Democrats are going to do that politically fairly
because the Republicans invited it. They said we're going to
(13:43):
make prices go down. They shouldn't have said it. But
then what the Republicans will hope The counter narrative is, hey,
the economy's pretty good. And that's the part we're not
going to really know until the summer how our jobs?
How is GDP And one of my big teams in
my kind of twenty twenty six, you know forecast that
we talked about two weeks ago, is the push pull
(14:07):
between two hundred billion dollars of stimulus coming from the
best parts of the tax Go pass last year versus
three hundred billion of cost to the economy from tariffs.
And I don't know how those things are going to
play out. It's sort of a tug of war between
productivity on one side and I think a negative poll
on the other. So that's but yeah, the affordability is
(14:28):
she's going to be challenging, but it's not challenging because oh,
they're doing these horrible things that are making prices go higher. Now,
by the way, Michael, the one thing that they could
do to really screw things up is try to fix
it in some of the ways they've talked about, like
your housing is too expensive, what should we do, and
then come up with four ideas that are terrible. There's
a couple of good ones out there. Davo's got sort
(14:50):
of hijacked by all this greenland.
Speaker 1 (14:52):
And tariff nonsense.
Speaker 3 (14:53):
But supposedly he was going to talk about a couple
housing ideas and I'm hoping at the state of the
unit and he'll announce they're going to index capital games
on primary residents to inflation, because that's a game changer.
That's supply side, that's brilliant, that's free market. For all
this other stuff they've thrown out, banning institutional ownership, Fanny
(15:15):
and Freddie buying mortgage bonds, fifty year mortgage, all that stuff,
it's just silly.
Speaker 1 (15:20):
Yeah, got a rock in ten seconds or less tomorrow
on the dividend Cafe at Dividendcafe dot com.
Speaker 3 (15:26):
The gamification of markets, churning investing in serious things into
just one big video game in our society, the betting,
the crypto, everybody just wanting to be a child.
Speaker 1 (15:40):
I can't wait, it's not one that's in my wheel.
I'll be reading everybody read the Dividend Cafe tomorrow with
our money. Was David Bonson and economists. Thank you so much, David,
Thank you brother. All Right, anybody that knows me knows
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Speaker 4 (17:33):
Hey, I'm Olympic gold medalist Scott Hamilton and my morning
show is your Morning Show with Michael del Jorno.
Speaker 1 (17:43):
Hi, I'm Michael. I'd love to have you listen to
your morning show live. Every day We're heard on great
stations like News Talk five point fifty k f YI
and Phoenix News Radio, eleven ninety k e X in
Portland and ten ninety The Patriot in Seattle. Make us
a part of your morning routine. We'd love to have
you listen live, but in the meantime, time enjoy the podcast.
This is your morning show on the Aaron streaming live
(18:04):
on your iHeartRadio app on this Thursday, January, the twenty
second year of Our Lord, twenty twenty six. This is
one of those moments where I want to say, maybe
you're pulling into your destination. This is where the podcast
becomes so important. It'll be up by about nine Central,
ten Eastern because we're about to talk to Danny Funt.
He's out with a new book called Everybody Loses. The
(18:26):
Tumultuous Rise of American sports gambling and we all know
it's everywhere. We all know the impact it's having on
sports itself and its credibility, but it's destroying lives, and
what are we doing about it? First and foremost, in
(18:47):
a two part series, I began with thanking Danny for
even considering, let alone writing this book. Thank you for
having me on.
Speaker 5 (18:57):
I'm really excited to get to talk about it.
Speaker 1 (18:59):
I want to start with the title Everybody Loses. Who
is everybody? The players, the sports, the families, the fans.
You know, it used to be you had to go
to Tunker, you had to go to Vegas in order
to gamble. Now you can lose your home, right on
the couch with your family watching along with you. It's
just really a frightening time. But everybody loses. Who's everybody?
Speaker 5 (19:23):
Everybody is not hyperbole. I really think everybody stands to
lose something profound as a result of what's happening with
sports betting. Obviously, some Americans are losing staggering amounts of
money when they wager about one hundred and fifty billion
dollars on sports year after year, but money is only
part of it. Sports are losing trust in the integrity
(19:47):
of games as there's one match fixing scandal after another.
Sports media is losing some of their independence when they're
getting so much advertising from these gambling companies that they
might be pulling punches or puffing up the industry instead
of covering it with scrutiny. People are losing their well
(20:09):
being if they're suffering from a gambling problem. Athletes can
be losing their safety now that they're hounded by angry
gamblers whenever their play costs someone a bet. The losing
is overwhelming, and the follow up question is so who wins?
And I find that much harder to answer.
Speaker 1 (20:28):
Well, it's the individual or companies. I guess a long
time ago, the casinos stopped wanting to feed people, stopped
wanting to put them in expensive rooms or entertain them
with expensive entertainment and all that other nonsense, when they
can just use whatever sports is happening now with no
(20:50):
expenses whatsoever. And rake, And then you have governors that
seemingly are not very smart to think that this is
hardless compared to casinos, they're both very damaging. I guess
we would start, Danny, because you brought up so many points.
How about everybody?
Speaker 6 (21:07):
You know?
Speaker 1 (21:08):
There are some people that can smoke a cigarette and
never smoke for five months. There are some people that
are a puff away from three packs a day. There
are people that gamble and it's just for entertainment. And
then there are x number of people that'll become problem
gamblers and not stop until they lose everything, and some
will be pathological and they won't stop even if they
have to commit crimes to fund it. How could we
(21:30):
not know those proclivities when somebody had the bright idea
to have gambling twenty four hours seven everywhere.
Speaker 5 (21:38):
It's a whole new ballgame and something that fundamental, As
hard as it is to believe, just did not dawn
on some of these politicians who are racing to pass
gambling bills once that became possible. I spoke in particular
with Charlie Baker, who now serves as president of the NCAA,
and before taking that job running college sports, he was
(22:02):
governor of Massachusetts when they legalized bookmaking. And soon after
he joined the NCAA, and he was talking to college
athletes and students and hearing about their experiences with gambling.
He realized that betting on your phone is just an
entirely different equation than having to go to Las Vegas
(22:23):
or phone a bookie, or you know, jump through hoops
to place a bet. And he said, I wish this
said stayed in Las Vegas. And to me, he said,
shame on all of us for not figuring out that
this would be so dangerous to people.
Speaker 1 (22:39):
Danny Funt, author of Everybody Loses the Tumultuous, Tumultous, I
knew I was gonna do this tumultuous. Why did you
choose that word? Tumultuous? Rise of American sports gaming? You know,
we used to do the stats on casino gaming when
states were bringing casinos into their own communities which was
money from the state being lost in the state and
(23:00):
in many cases to tribal casinos. And then nobody would
pay any attention to the rise in crime and what
that would cost bankruptcies, and what that would cost loss
of taxes, loss of income. And so we used to
be able to put our finger on and say, problem
gambling is about three thousand dollars a taxpayer, and pathological
(23:22):
gaming can be much higher. I don't even think we
can begin to estimate what the numbers are going to
be on sports gaming, can we No.
Speaker 5 (23:30):
And you know, certain politicians talk about the tax revenue
as if they found it between the cushions of a couch.
Obviously the money comes from their constituents losing at staggering rates.
And I've had people, you know, on the inside say
a version of as soon as we realized that the
costs of legalization are going to sow dramatically outweigh whatever
(23:54):
we're bringing in in tax revenue, even you know, a
starting point is the cost of dealing with the care
that people will need when they develop gambling problems. It's
also the harm that people are doing with their personal finances,
even if they don't have a gambling problem. There's just
a tendency to get carried away when you're betting on
your phone, and you can now bet every minute of
(24:15):
the day. So about a third of sports betters say
they've felt ashamed by the money they've lost after betting
on sports. There have been very careful studies done where
they compare states with legal sports betting the states that
haven't legalized, and in places where it's legal, there are
higher bankruptcy rates, there are worse credit scores, there's diminished
(24:39):
personal savings and households. A fifth of college students say
they dip into their tuition funds to pay for their betting.
The problems are much bigger as dire as those stories
are of people with gambling addictions. So many more people
who might consider themselves casual betters who just do it
(25:00):
for entertainment are getting it over their heads. And the
cost of that, I think is going to really blow
people away once we get a clearer picture of it.
Speaker 1 (25:09):
It's all in the book Everybody Loses. The Rise of
American sports gambling with Danny Funt will continue in part
two tomorrow, with the exception of the extreme left, believe
it or Not, and the evangelical. Right, this is something
that has been bipartisanly bid into and everybody's clearing the ads.
In fact, can you imagine America if you woke up
(25:31):
tomorrow and like we did with cigarettes, you made gaming
videos and commercials illegal. Same for big pharma. Well, nobody
be I mean, we have a lot of time to
talk to each other. So who's to blame for this?
Tomorrow and part two of Everybody Loses with Danny fun
(25:52):
all right, President Trump says he has a framework for
a long term deal on Greenland in place. I never
really got a straight answer from anybody today other than
our White House correspondent John Decker. It's a long term
deal he's always had, and nobody knows of a new
framework other than the president. Was this art of the
deal or something he just had all along and just
(26:14):
played everybody? Mark Mayfield has our top story.
Speaker 7 (26:17):
Shortly after announcing the deal framework, in a post on
truth Social Trump told reporters to the deal gives the
US everything it needs.
Speaker 3 (26:24):
People are out there and they're working at right now.
Speaker 2 (26:27):
They're working the details of the deal, but it's in
it's what's quoted an infinite deals forever.
Speaker 7 (26:32):
Trump has repeatedly said the US needs to take control
of Greenland for national security purposes. When announcing the deal framework,
he also said he will not be imposing tariffs that
were scheduled to go into effect on February first. Earlier,
he had ruled out using force to acquire Greenland.
Speaker 1 (26:46):
I'm Mark Mayfield. House Oversight Committee is advancing the resolution
to hold former President Bill Clinton and his wife, first
Lady and later Secretary of State, Hillary Clinton in contempt
of Congress.
Speaker 6 (26:57):
Members of the panel voted thirty four to eight to
advance that's the resolution holding Bill Clinton in contempt, and
twenty eight to fifteen on the measure holding Hillary Clinton
in contempt. The couple had refused to appear for depositions
in the panel's investigation into the late sex offender Jeffrey Epstein.
Committee chair James Commerce Is he expected bipartisan support for
enforcing the subpoenas, and he added that he expects the
(27:18):
Clinton contempt resolutions to pass the House. The committee vote
is the first step in a process that could potentially
lead to the Department of Justice charging the Clintons. I'm
Tammy Trihea.
Speaker 5 (27:27):
Her name was Kitty Adam.
Speaker 1 (27:30):
You may not like her. He might be sick of her. Trust,
you can't argue she's talented. Taylor Swift is being inducted
into the Songwriters Hall of Fame. The thirty six year
old Grammy winner is the youngest songwriter ever to be
inducted into the Songwriters Hall of Fame. And here's why.
Eligibility doesn't even open up until the songwriter's first released
(27:51):
song is twenty years old. For Taylor Swift, that's two
thousand and six and the song is Tim McGrath. She
will join Alanismore soon, Gene Simmons of Kiss and Kenny
Loggins and a few more. The induction ceremonies are going
to take place on June the eleventh. Well, today's a
very important day if you're connecting the dots.
Speaker 4 (28:13):
In medieval times, polka dots were a sign of disease.
Thank goodness, that's over. Since the eighteen forties, Americans have
embraced polka dots, and yes, the polka dans attributed to
the fashion back then, everyone wore them, but according to Vogue,
you should be wearing them now. They say dots are
the significant fashion trend this year. They're playful, polished, and
(28:34):
a little riskue associated with Royalty Maryland even Mini Mouse.
How could you go wrong? I'm pre tennis in sports.
Speaker 1 (28:42):
Let's start on the hardwoods in cities of your morning
show interest. The Cleveland Cavaliers beat the Hornets by seven,
pistons one by eight over the Pells, thunder big over
the Bucks by twenty Chris Felt by two to the Hawks,
and the Kings lost one twenty two one oh nine
to the Raptors. Red Wings took over time, but they
beat the Leafs two to one, Ducks a shootout victory
(29:03):
two to one over the Avs, and the Penguins easy
four to one over the Flames. Birthdays Today actress Diane
Lane pissed even Gorgeous and Secretariat where she was trying
to play somebody unattractive. Diane Lane is sixty one years
old today. I don't really care for Will Smith any longer,
(29:25):
especially since that was the That was the Oscars, right,
Chris Rock, But it all began with DJ dj Jazzy
Jeff and the Fresh Prince. People forget part of the
creative force. DJ Jazzy Jeff sixty one today. Actress Linda Blair,
what was your favorite movie you brought up earlier red
that blockbuster classic, not Exorcist, the other one. Roller Boogie
(29:49):
or roller Boogie roller Boogie. Linda Blair is sixty seven
and WNBA superstar Caitlin Clark is twenty fourth. It's your birthday,
Happy birthday. We really are so glad you were and
thanks for making us a part of your big day.
Speaker 2 (30:03):
It's your morning show with Michael del Jno.
Speaker 1 (30:07):
So many things we didn't get to today. Vitamin D
milk protects you from the flu, wouldn't It's an Oxford
study what I mean shows you the pyramid being upside down.
Another victory for the Trump administration. But wouldn't it be fun
if we found out vitamin D would have cured COVID?
That was it wasn't I it was via D milk.
(30:28):
Supreme Court, as we expected, seems to be overwhelmingly leaning
towards keeping Lisa Cook on the FED board, despite President
Trump's attempt to fire her. That's just an an an
increase in presidential powers. Even a conservative court isn't interested.
And we didn't have time to get to this, but
a majority of Latin Americans endorse President Trump's intervention in Venezuela.
(30:52):
Don't be fooled by the narratives here at home. The
world looks at Donald Trump differently than the media does
in America, and the president's you know, obviously touting a
Greenland framework. John Decker says he doesn't know anybody else
from the Denmark side or any other side that knows
of any framework. Of course, nobody can answer my question,
(31:13):
which is he entered with that framework a nineteen fifty
one treaty that gives him the ability to lease the
land for military purposes, and we didn't have a chance
to go through this with you. This is a big one.
In fact, go ahead and throw in roy O'Neil while
you're at it, because I know he's here, and I
don't like to ignore them when he's here.
Speaker 3 (31:32):
Rory.
Speaker 1 (31:32):
I was just looking over these drug overdose numbers, and
let me just walk you through in twenty twenty one,
one hundred and six, and every single one of these
lives matters, So I will read the entire number. One
hundred and six thousand, six hundred and ninety nine in
twenty twenty two, one hundred and seven thousand, nine hundred
and forty one, in twenty twenty three, one hundred and
(31:53):
five thousand and seven. Then in twenty twenty four it
dropped to eighty two thousand, and then in twenty twenty
five to seventy two thousand. I don't think it is
fair to credit Donald Trump with all of this. You
can nuance this, and I just don't play the narrative game. Sure,
by a certain point in twenty twenty four, Joe Biden
knew the challenge that was coming with Donald Trump on
(32:16):
this and made some changes, But it was really a
lawsuit in twenty twenty four which kind of cut off
the opioid supply, and then Donald Trump and the war
on drugs, But the twenty twenty five numbers were down
to seventy two thousand, just a couple of years ago,
one hundred and seven thousand. There is, for all of
our infighting, lives being saved by securing the border and
(32:39):
this war on drugs. At least that's some good.
Speaker 8 (32:41):
Yes, I'd say getting the Narcan out there is also
a big part of it as well.
Speaker 1 (32:46):
We brought that up off the air. Yeah, making sure
that that was a bit I guess what. Acknowledging that
somebody is slipping fentanyl into drugs and we have an
opioid addiction too in our country. That was a big
part of it. All Right, let's talk about this. I
don't know if they're calling it vortex Snowmageddon. We've got
(33:09):
a massive winter storm and it's going to impact one
hundred and eighty million of US.
Speaker 8 (33:15):
Yeah, and it's also impacting areas that are not used
to it necessarily.
Speaker 3 (33:19):
Right.
Speaker 8 (33:20):
Look, if it snows in Syracuse, New York, big woop.
They're used to it. But when you're getting ice and
snow in Oklahoma City down into Memphis, and even Atlanta
is expecting maybe an inch of ice, which throw that
into the airport there, and oh boy, that could really
cause a whole lot of problems nationwide. So it's this
sloppy mix of weather that the National Weather Service is
(33:41):
really even admitted that it's unsure about who's getting how
much of what where and when. But they'll know a
lot more by tomorrow. Really, the bad weather is going
to start Friday and go all weekend long, perhaps jumping
a foot of snow from Virginia up to Boston and
then staying hold so that snow is not going to melt.
Speaker 1 (34:02):
Yeah, the mid Atlantic it'll probably get hit hardest with
the snow. But this is going to stretch from Texas
Dallas all the way through the Midwest up in through
New England, and there's going to be a line I
think that we're all waiting to define between ice and snow,
and you know, I hate ice and both. Of course,
(34:22):
the potential for power outages. My wife's already doing means
of her freezing to death with the cat or with
the dog. What do we know about that line and
what it might be and how much of this is
going to be a power outage story?
Speaker 8 (34:35):
Well, right, because when you get ice, that means down
power lines. Either the lines themselves come down. Typically it's
a frozen branch that comes down and it brings down
the power lines. So that's one of the concerns. And
again with extended cold weather to follow. You know, look,
Nashville will get the occasional snowstorm, but it's typically forty
five degrees the next day and it's no big wool.
(34:56):
But in this case, we're looking at three or four
days of below freezing temperatures. This stuff isn't going anywhere.
And I should just note for the record it will
be eighty six degrees and some Florida on Sunday.
Speaker 1 (35:07):
Yeah, and I noticed in our first visit together, I said,
I'm gonna show up with pots and pants in my hand,
and he just never came back. I'm really not welcome
in your home. You'd rather be freeze to death though.
Well that's true, but I'm also thinking, like, who's the
oscar and who's the Felix? Oh? Oh, I think we
know your Felix, don't you don't I don't picture I
(35:33):
do not picture you a slob. I picture you very
Oh you.
Speaker 8 (35:37):
Are the slob. You stick with that idea, then that's fine,
all right?
Speaker 1 (35:41):
Good, Well, I'm kind of a I'm somewhere in betweens
on my mood. Great reporting as always, Rory, We're all
in this together.
Speaker 2 (35:48):
This is your Morning Show with Michael nhild jow Or
Now
Hi, it's me Michael. Your morning show can be heard
live daily on great radio stations like News Radio six
fifty k E n I Anchorage, Alaska, Talk Radio eleven
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morning routine. But better late than never. Enjoy the podcast on.
Speaker 2 (00:19):
Two three, starting your morning off right. A new way
of talk, a new way of understanding, because we're in
this togiven. This is your morning show with Michael O'Dell Chorman.
Speaker 1 (00:35):
Hey, good morning, Welcome to Thursday, January the twenty second,
My twenty sixth, the wedding anniversary, big day you have
about Old twenty twenty six on the Aaron streaming live
on your iHeartRadio app. This is the show that belongs
to you. This is your morning show on Michael del
Jarnohana to serve you. Jeffrey Lyon has the sound read
keeping an eye on all the content, and that content
(00:56):
all points to President Donald Trump, who says the frame
work of a deal has been worked out on Greenland
and it will last forever. There are very few details
and very few others who would be at this table
acknowledging such a framework. But there is this sense that
for everybody freaking out over Greenland and an invasion occupation,
(01:21):
even Canada flinching in between the threat of terrorists for Europe,
the President seemingly is announcing he has a framework for
a deal that would include the mineral rights and the
land necessary for national security and military operations. Of course,
my question that no one ever can seem to answer
is how is that any different than an arrangement and
an agreement he already has for Greenland. Ice operations are
(01:45):
moving to Maine this week. The House Oversight Committee is
advancing a resolution to hold former President Clinton and for
Secretary of State and First Lady Hillary Clinton in contempt
of Congress. Nine Democrats voted to hold Bill Clinton and
contempt of Congress. Three Democrats joined Republicans to hold Hillary Clinton.
Is it an interesting the view of Hillary versus Bill?
(02:08):
And A polar vortex is expected to bring brutally cold
temperatures to two thirds of the country by Sunday, and
for many states, ice, snow and potential power outages were
keeping an eye on that. Speaking of the threat of
tariffs for Europe, which dominated much of the pre talks
(02:28):
of Davos meetings. David bonson our Money was an economists
joining us. David, I know you're not a fan of tariffs,
and I agree with you. In the end, they're always attacks,
and it's always handled the same way companies eat it,
which kind of affects their capital and expansion. And what
we really need are jobs and salaries, so that's not good.
(02:48):
Or it's passed on to the consumer and just things
get certain things get more expensive, and then that even
that becomes a political weapon. What about the use of
threatening tariffs over and over again in terms of political gamesmanship?
Speaker 3 (03:03):
Any dangers with that, well, I think for the president,
unfortunately he found out the hard way this week that
the big danger, as the boy who cried wolves, that
people just don't take it seriously anymore.
Speaker 1 (03:17):
And I think, you know.
Speaker 3 (03:18):
With Europe in particular, this was actually fascinating how the
Europeans of all people said you're not doing this, and
we will retaliate and we will rip up these other
frameworks of deals that we had. And it took him
twenty four hours to walk it back, where at least
Liberation Day he held in there for five days. So
(03:41):
I think that the tariff threats become problematic because you know,
at some point they stopped working even as threats. But
you know, I think the bigger issue as to what
exactly what you brought up, which is where there are tariffs,
the costs. You know, they get present did as benefits
and they do not get presented as a cost, which
(04:04):
is a more accurate way to frame it.
Speaker 1 (04:07):
All Right, you did last week in your Dividend Cafe,
which I encourage people to check out every Friday, the
Dividendcafe dot com with David Bonson, and you looked at
these media mergers and I know we alluded to it
in teasing that it was coming that. You know, I've
done studies on this and you can basically we talk
(04:27):
about controlling the narrative. There's about five just like there's
about five tech companies that really have a handle on
everything we see on our screens, there's about five major
companies that control every movie, television show, and news outlet.
They all trace back. And now we have these new
mergers coming forward. What does it mean for us the consumer?
Speaker 3 (04:52):
Well, Mike go I have a hard time with this
because I think that people when they refer to, you know,
there's only five that movies, it just sort of isn't true.
You know, That's why we get so excited and some
independent movies studio comes and wins an oscar, and it's
why we get excited when there's you know, a tier player.
(05:14):
I mean, it is true that the five big ones
do the bulk of them.
Speaker 1 (05:19):
They have the.
Speaker 3 (05:20):
Money to pay the stars and consumers like movie stars,
and smaller independent movie studios don't have the money to
go get the big stars. And also the smaller players
can't afford to lose money on a movie, and the
big guys lose money all the time.
Speaker 1 (05:40):
Well, you're majoring, but you're majoring in movies. We all
know what Disney owns and influences, and it's wide. We
all know what Comcast owns and it's wide. Should there
be any concern that everything is boiling down to a
handful of owners.
Speaker 3 (05:57):
Well, if you mean concern that causes the state to
be able to intervene, then I would be fervently.
Speaker 1 (06:06):
In the notion.
Speaker 3 (06:07):
If you mean consumers having an opinion, I go, I
don't like the fact that there's only five major studios,
but just to be clear, you know how long there's
been five majors since well before you and I were born.
So it doesn't feel for me like we've been starved
of entertainment for the past eighty.
Speaker 1 (06:27):
Well again again you're focusing on entertainment. I'm more concerned
with those controlling narratives through the Internet, those controlling narratives
through news, whether it's cable or traditional network stations. Quite frankly, yeah, no.
Speaker 3 (06:43):
I mean it's it's very clear to me that that
can't happen because of the democratization and the very decentralization
of those vehicles that right now the big people that
used to get their news only from either nbccbs U
or ABC each night right when you and I were
younger watching, Yeah, there's one hundred options right now for
(07:08):
how to get news, one hundred, not five. And in fact,
some of those hundred are the worst things I've ever
seen in you. So I think that there's more choice
than there's ever been when it comes to news. And
I think that when we talk about framing narratives, you
can have a little guy trying to frame a narrative,
(07:28):
you can have a big guy trying to frame it.
I think that social media is a far bigger issue
for what you're concerned.
Speaker 1 (07:34):
About than the owners of.
Speaker 3 (07:37):
Media content companies, because the social is the cyber algorithms drive.
That's what self selection, where people basically start hearing more
and more of what they want to hear. That's really
a dynamic that has done more through the Internet than
through television.
Speaker 1 (07:54):
David Botson, our money was an economists is joining us?
You did this piece on media mergers. Never fair to
do this to somebody because it's a very thoughtful piece,
well written. But if you had to summarize why they
should go read it and what they need to take away,
how would you do So?
Speaker 3 (08:13):
Yeah, I'd say two things, because some people listening may
not care about it as an investor lesson, and so
the first thing is even for people not interested in
it as investors, there's just a history that I think
is interesting for people to understand that you have a
lot of psychopaths out there that are billionaires that will
just set their own money on fire because they're empire building,
(08:34):
clinical narcissists, and it is almost systemic in that space,
like it's very rare that somebody wants to become a
medium mogul if they're not a little bit of a
pathological freak show. And I find it fascinating just in
terms of human psychology. So it's a fun situation there
to read about the history of it, and it should
(08:55):
tear down this idea that there's these big, super smart
people out there that are making big decisions that you know,
they know what they're doing. Well, no, they're sort of
like the crazy guy on the playground sometimes, And that's
really what the late part of the twentieth century and
early twenty first century we saw a lot of these
major and media companies. But then the second part is
(09:17):
for investors. I just think there's an incredible lesson in
capital discipline, capital stewardship, and investors need to understand that
when companies want to spend the profits they make that
belong to you as an owner of the company, and
they want to spend it on just insane mergers with
internet companies and other media companies and this and that,
(09:38):
and they're not responsibly returning capital to you, then you
have a problem.
Speaker 1 (09:43):
You know, media is kind of so interesting, it's so
on the I mean, the paradigm has already shifted. The
industry has already shifted. The demand has changed, the delivery
systems have changed. I've dealt, I've worked twice for very
wealthy people, very household name people. It was frustrating for
(10:04):
me because they always have a new pet passion. It's
hard to keep them focused to finish something, and they
often will throw money at the wall constantly. And all
thing I do is have one stick in their lifetime
and they'll be known for it, so that game gets played.
And I wonder if that's a part of this and
(10:26):
if anybody's playing it better than others. I would say
Prime in Netflix, they're playing this really well.
Speaker 3 (10:33):
Well. I agree, and I think Time and Netflix are
examples of companies there's still, you know, a real company there,
there's a real board, there's a bazillion shareholders, and they
can make mistakes. And I suspect that at some point
you're going to see some big ones. But it's different
than when you talk about like a billionaire who runs
(10:55):
a company by themselves, that they now have very different incentives. Okay,
when you're worth ten billion, you can go back fifty
percent of the capital and if it goes to if
all of that goes away, you still have five billion, right,
and yet ten billion person, what do they care about?
(11:15):
Sometimes if they're priorities in life are not ordered, if
they haven't read their C. S. Lewis for the month
or their Bible for the year, well they care about
beating the next ten billion dollar guy, right, So then
what happens is you're invested with this brilliant billionaire and
yet you can't afford to lose half of your money.
(11:35):
But they're making decisions it can easily cause that to happen.
And so I think I understand, like you want billionaires
that are successful, smart people that are motivated to investor
capital in the right way. But if their motivations are
not aligned with yours, it becomes problematic. Or if the
right governance and structures not in place. You know, if
(11:56):
I got tons of critical things I can say about
the Amazons and Netflix of the world, but they're they're
reasonably well run companies. I'm referring to other situations where
you have, like, you know, the example he using the
piece you're talking about at givdingcafe dot com was some
in the Redstone who read who ran Viacon Paramount CBS
(12:17):
for years and owned MTV Nickelodeon, Comedy Central, Showtime. You know,
he controlled like eighty percent of the company and so
his agendas were very different than shareholders, and it was
really really psychotic what happened. I think people need to
be careful of those situations.
Speaker 1 (12:37):
Yeah, MTV is a fascinating study in what it came up,
but what it's become. I mean, if you think of
some of the best things you're watching on Netflix or Amazon,
you'll see that ah MTV, they're producing some great product
right now for the first time and maybe ever. David
bonton istoris I want to get a quick answer to
this question that I was talking about. If, in fact,
(13:00):
the left plays this affordability narrative for the midterm elections,
which is basically a referendum on Trump, and the Republicans
have to respond, how much success story do they have
as a party or even in Donald Trump? How strong
is the economy, How affordable are things?
Speaker 3 (13:21):
So those are two different questions. They're really going to
try to lean into the first one because the affordability
issue was based on a lie that a politician can
make prices go down, and the Democrats are going to
unfairly go say, oh, look, they didn't make prices go down,
But the Democrats are going to do that politically fairly
because the Republicans invited it. They said we're going to
(13:43):
make prices go down. They shouldn't have said it. But
then what the Republicans will hope The counter narrative is, hey,
the economy's pretty good. And that's the part we're not
going to really know until the summer how our jobs?
How is GDP And one of my big teams in
my kind of twenty twenty six, you know forecast that
we talked about two weeks ago, is the push pull
(14:07):
between two hundred billion dollars of stimulus coming from the
best parts of the tax Go pass last year versus
three hundred billion of cost to the economy from tariffs.
And I don't know how those things are going to
play out. It's sort of a tug of war between
productivity on one side and I think a negative poll
on the other. So that's but yeah, the affordability is
(14:28):
she's going to be challenging, but it's not challenging because oh,
they're doing these horrible things that are making prices go higher. Now,
by the way, Michael, the one thing that they could
do to really screw things up is try to fix
it in some of the ways they've talked about, like
your housing is too expensive, what should we do, and
then come up with four ideas that are terrible. There's
a couple of good ones out there. Davo's got sort
(14:50):
of hijacked by all this greenland.
Speaker 1 (14:52):
And tariff nonsense.
Speaker 3 (14:53):
But supposedly he was going to talk about a couple
housing ideas and I'm hoping at the state of the
unit and he'll announce they're going to index capital games
on primary residents to inflation, because that's a game changer.
That's supply side, that's brilliant, that's free market. For all
this other stuff they've thrown out, banning institutional ownership, Fanny
(15:15):
and Freddie buying mortgage bonds, fifty year mortgage, all that stuff,
it's just silly.
Speaker 1 (15:20):
Yeah, got a rock in ten seconds or less tomorrow
on the dividend Cafe at Dividendcafe dot com.
Speaker 3 (15:26):
The gamification of markets, churning investing in serious things into
just one big video game in our society, the betting,
the crypto, everybody just wanting to be a child.
Speaker 1 (15:40):
I can't wait, it's not one that's in my wheel.
I'll be reading everybody read the Dividend Cafe tomorrow with
our money. Was David Bonson and economists. Thank you so much, David,
Thank you brother. All Right, anybody that knows me knows
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(16:47):
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Speaker 4 (17:33):
Hey, I'm Olympic gold medalist Scott Hamilton and my morning
show is your Morning Show with Michael del Jorno.
Speaker 1 (17:43):
Hi, I'm Michael. I'd love to have you listen to
your morning show live. Every day We're heard on great
stations like News Talk five point fifty k f YI
and Phoenix News Radio, eleven ninety k e X in
Portland and ten ninety The Patriot in Seattle. Make us
a part of your morning routine. We'd love to have
you listen live, but in the meantime, time enjoy the podcast.
This is your morning show on the Aaron streaming live
(18:04):
on your iHeartRadio app on this Thursday, January, the twenty
second year of Our Lord, twenty twenty six. This is
one of those moments where I want to say, maybe
you're pulling into your destination. This is where the podcast
becomes so important. It'll be up by about nine Central,
ten Eastern because we're about to talk to Danny Funt.
He's out with a new book called Everybody Loses. The
(18:26):
Tumultuous Rise of American sports gambling and we all know
it's everywhere. We all know the impact it's having on
sports itself and its credibility, but it's destroying lives, and
what are we doing about it? First and foremost, in
(18:47):
a two part series, I began with thanking Danny for
even considering, let alone writing this book. Thank you for
having me on.
Speaker 5 (18:57):
I'm really excited to get to talk about it.
Speaker 1 (18:59):
I want to start with the title Everybody Loses. Who
is everybody? The players, the sports, the families, the fans.
You know, it used to be you had to go
to Tunker, you had to go to Vegas in order
to gamble. Now you can lose your home, right on
the couch with your family watching along with you. It's
just really a frightening time. But everybody loses. Who's everybody?
Speaker 5 (19:23):
Everybody is not hyperbole. I really think everybody stands to
lose something profound as a result of what's happening with
sports betting. Obviously, some Americans are losing staggering amounts of
money when they wager about one hundred and fifty billion
dollars on sports year after year, but money is only
part of it. Sports are losing trust in the integrity
(19:47):
of games as there's one match fixing scandal after another.
Sports media is losing some of their independence when they're
getting so much advertising from these gambling companies that they
might be pulling punches or puffing up the industry instead
of covering it with scrutiny. People are losing their well
(20:09):
being if they're suffering from a gambling problem. Athletes can
be losing their safety now that they're hounded by angry
gamblers whenever their play costs someone a bet. The losing
is overwhelming, and the follow up question is so who wins?
And I find that much harder to answer.
Speaker 1 (20:28):
Well, it's the individual or companies. I guess a long
time ago, the casinos stopped wanting to feed people, stopped
wanting to put them in expensive rooms or entertain them
with expensive entertainment and all that other nonsense, when they
can just use whatever sports is happening now with no
(20:50):
expenses whatsoever. And rake, And then you have governors that
seemingly are not very smart to think that this is
hardless compared to casinos, they're both very damaging. I guess
we would start, Danny, because you brought up so many points.
How about everybody?
Speaker 6 (21:07):
You know?
Speaker 1 (21:08):
There are some people that can smoke a cigarette and
never smoke for five months. There are some people that
are a puff away from three packs a day. There
are people that gamble and it's just for entertainment. And
then there are x number of people that'll become problem
gamblers and not stop until they lose everything, and some
will be pathological and they won't stop even if they
have to commit crimes to fund it. How could we
(21:30):
not know those proclivities when somebody had the bright idea
to have gambling twenty four hours seven everywhere.
Speaker 5 (21:38):
It's a whole new ballgame and something that fundamental, As
hard as it is to believe, just did not dawn
on some of these politicians who are racing to pass
gambling bills once that became possible. I spoke in particular
with Charlie Baker, who now serves as president of the NCAA,
and before taking that job running college sports, he was
(22:02):
governor of Massachusetts when they legalized bookmaking. And soon after
he joined the NCAA, and he was talking to college
athletes and students and hearing about their experiences with gambling.
He realized that betting on your phone is just an
entirely different equation than having to go to Las Vegas
(22:23):
or phone a bookie, or you know, jump through hoops
to place a bet. And he said, I wish this
said stayed in Las Vegas. And to me, he said,
shame on all of us for not figuring out that
this would be so dangerous to people.
Speaker 1 (22:39):
Danny Funt, author of Everybody Loses the Tumultuous, Tumultous, I
knew I was gonna do this tumultuous. Why did you
choose that word? Tumultuous? Rise of American sports gaming? You know,
we used to do the stats on casino gaming when
states were bringing casinos into their own communities which was
money from the state being lost in the state and
(23:00):
in many cases to tribal casinos. And then nobody would
pay any attention to the rise in crime and what
that would cost bankruptcies, and what that would cost loss
of taxes, loss of income. And so we used to
be able to put our finger on and say, problem
gambling is about three thousand dollars a taxpayer, and pathological
(23:22):
gaming can be much higher. I don't even think we
can begin to estimate what the numbers are going to
be on sports gaming, can we No.
Speaker 5 (23:30):
And you know, certain politicians talk about the tax revenue
as if they found it between the cushions of a couch.
Obviously the money comes from their constituents losing at staggering rates.
And I've had people, you know, on the inside say
a version of as soon as we realized that the
costs of legalization are going to sow dramatically outweigh whatever
(23:54):
we're bringing in in tax revenue, even you know, a
starting point is the cost of dealing with the care
that people will need when they develop gambling problems. It's
also the harm that people are doing with their personal finances,
even if they don't have a gambling problem. There's just
a tendency to get carried away when you're betting on
your phone, and you can now bet every minute of
(24:15):
the day. So about a third of sports betters say
they've felt ashamed by the money they've lost after betting
on sports. There have been very careful studies done where
they compare states with legal sports betting the states that
haven't legalized, and in places where it's legal, there are
higher bankruptcy rates, there are worse credit scores, there's diminished
(24:39):
personal savings and households. A fifth of college students say
they dip into their tuition funds to pay for their betting.
The problems are much bigger as dire as those stories
are of people with gambling addictions. So many more people
who might consider themselves casual betters who just do it
(25:00):
for entertainment are getting it over their heads. And the
cost of that, I think is going to really blow
people away once we get a clearer picture of it.
Speaker 1 (25:09):
It's all in the book Everybody Loses. The Rise of
American sports gambling with Danny Funt will continue in part
two tomorrow, with the exception of the extreme left, believe
it or Not, and the evangelical. Right, this is something
that has been bipartisanly bid into and everybody's clearing the ads.
In fact, can you imagine America if you woke up
(25:31):
tomorrow and like we did with cigarettes, you made gaming
videos and commercials illegal. Same for big pharma. Well, nobody
be I mean, we have a lot of time to
talk to each other. So who's to blame for this?
Tomorrow and part two of Everybody Loses with Danny fun
(25:52):
all right, President Trump says he has a framework for
a long term deal on Greenland in place. I never
really got a straight answer from anybody today other than
our White House correspondent John Decker. It's a long term
deal he's always had, and nobody knows of a new
framework other than the president. Was this art of the
deal or something he just had all along and just
(26:14):
played everybody? Mark Mayfield has our top story.
Speaker 7 (26:17):
Shortly after announcing the deal framework, in a post on
truth Social Trump told reporters to the deal gives the
US everything it needs.
Speaker 3 (26:24):
People are out there and they're working at right now.
Speaker 2 (26:27):
They're working the details of the deal, but it's in
it's what's quoted an infinite deals forever.
Speaker 7 (26:32):
Trump has repeatedly said the US needs to take control
of Greenland for national security purposes. When announcing the deal framework,
he also said he will not be imposing tariffs that
were scheduled to go into effect on February first. Earlier,
he had ruled out using force to acquire Greenland.
Speaker 1 (26:46):
I'm Mark Mayfield. House Oversight Committee is advancing the resolution
to hold former President Bill Clinton and his wife, first
Lady and later Secretary of State, Hillary Clinton in contempt
of Congress.
Speaker 6 (26:57):
Members of the panel voted thirty four to eight to
advance that's the resolution holding Bill Clinton in contempt, and
twenty eight to fifteen on the measure holding Hillary Clinton
in contempt. The couple had refused to appear for depositions
in the panel's investigation into the late sex offender Jeffrey Epstein.
Committee chair James Commerce Is he expected bipartisan support for
enforcing the subpoenas, and he added that he expects the
(27:18):
Clinton contempt resolutions to pass the House. The committee vote
is the first step in a process that could potentially
lead to the Department of Justice charging the Clintons. I'm
Tammy Trihea.
Speaker 5 (27:27):
Her name was Kitty Adam.
Speaker 1 (27:30):
You may not like her. He might be sick of her. Trust,
you can't argue she's talented. Taylor Swift is being inducted
into the Songwriters Hall of Fame. The thirty six year
old Grammy winner is the youngest songwriter ever to be
inducted into the Songwriters Hall of Fame. And here's why.
Eligibility doesn't even open up until the songwriter's first released
(27:51):
song is twenty years old. For Taylor Swift, that's two
thousand and six and the song is Tim McGrath. She
will join Alanismore soon, Gene Simmons of Kiss and Kenny
Loggins and a few more. The induction ceremonies are going
to take place on June the eleventh. Well, today's a
very important day if you're connecting the dots.
Speaker 4 (28:13):
In medieval times, polka dots were a sign of disease.
Thank goodness, that's over. Since the eighteen forties, Americans have
embraced polka dots, and yes, the polka dans attributed to
the fashion back then, everyone wore them, but according to Vogue,
you should be wearing them now. They say dots are
the significant fashion trend this year. They're playful, polished, and
(28:34):
a little riskue associated with Royalty Maryland even Mini Mouse.
How could you go wrong? I'm pre tennis in sports.
Speaker 1 (28:42):
Let's start on the hardwoods in cities of your morning
show interest. The Cleveland Cavaliers beat the Hornets by seven,
pistons one by eight over the Pells, thunder big over
the Bucks by twenty Chris Felt by two to the Hawks,
and the Kings lost one twenty two one oh nine
to the Raptors. Red Wings took over time, but they
beat the Leafs two to one, Ducks a shootout victory
(29:03):
two to one over the Avs, and the Penguins easy
four to one over the Flames. Birthdays Today actress Diane
Lane pissed even Gorgeous and Secretariat where she was trying
to play somebody unattractive. Diane Lane is sixty one years
old today. I don't really care for Will Smith any longer,
(29:25):
especially since that was the That was the Oscars, right,
Chris Rock, But it all began with DJ dj Jazzy
Jeff and the Fresh Prince. People forget part of the
creative force. DJ Jazzy Jeff sixty one today. Actress Linda Blair,
what was your favorite movie you brought up earlier red
that blockbuster classic, not Exorcist, the other one. Roller Boogie
(29:49):
or roller Boogie roller Boogie. Linda Blair is sixty seven
and WNBA superstar Caitlin Clark is twenty fourth. It's your birthday,
Happy birthday. We really are so glad you were and
thanks for making us a part of your big day.
Speaker 2 (30:03):
It's your morning show with Michael del Jno.
Speaker 1 (30:07):
So many things we didn't get to today. Vitamin D
milk protects you from the flu, wouldn't It's an Oxford
study what I mean shows you the pyramid being upside down.
Another victory for the Trump administration. But wouldn't it be fun
if we found out vitamin D would have cured COVID?
That was it wasn't I it was via D milk.
(30:28):
Supreme Court, as we expected, seems to be overwhelmingly leaning
towards keeping Lisa Cook on the FED board, despite President
Trump's attempt to fire her. That's just an an an
increase in presidential powers. Even a conservative court isn't interested.
And we didn't have time to get to this, but
a majority of Latin Americans endorse President Trump's intervention in Venezuela.
(30:52):
Don't be fooled by the narratives here at home. The
world looks at Donald Trump differently than the media does
in America, and the president's you know, obviously touting a
Greenland framework. John Decker says he doesn't know anybody else
from the Denmark side or any other side that knows
of any framework. Of course, nobody can answer my question,
(31:13):
which is he entered with that framework a nineteen fifty
one treaty that gives him the ability to lease the
land for military purposes, and we didn't have a chance
to go through this with you. This is a big one.
In fact, go ahead and throw in roy O'Neil while
you're at it, because I know he's here, and I
don't like to ignore them when he's here.
Speaker 3 (31:32):
Rory.
Speaker 1 (31:32):
I was just looking over these drug overdose numbers, and
let me just walk you through in twenty twenty one,
one hundred and six, and every single one of these
lives matters, So I will read the entire number. One
hundred and six thousand, six hundred and ninety nine in
twenty twenty two, one hundred and seven thousand, nine hundred
and forty one, in twenty twenty three, one hundred and
(31:53):
five thousand and seven. Then in twenty twenty four it
dropped to eighty two thousand, and then in twenty twenty
five to seventy two thousand. I don't think it is
fair to credit Donald Trump with all of this. You
can nuance this, and I just don't play the narrative game. Sure,
by a certain point in twenty twenty four, Joe Biden
knew the challenge that was coming with Donald Trump on
(32:16):
this and made some changes, But it was really a
lawsuit in twenty twenty four which kind of cut off
the opioid supply, and then Donald Trump and the war
on drugs, But the twenty twenty five numbers were down
to seventy two thousand, just a couple of years ago,
one hundred and seven thousand. There is, for all of
our infighting, lives being saved by securing the border and
(32:39):
this war on drugs. At least that's some good.
Speaker 8 (32:41):
Yes, I'd say getting the Narcan out there is also
a big part of it as well.
Speaker 1 (32:46):
We brought that up off the air. Yeah, making sure
that that was a bit I guess what. Acknowledging that
somebody is slipping fentanyl into drugs and we have an
opioid addiction too in our country. That was a big
part of it. All Right, let's talk about this. I
don't know if they're calling it vortex Snowmageddon. We've got
(33:09):
a massive winter storm and it's going to impact one
hundred and eighty million of US.
Speaker 8 (33:15):
Yeah, and it's also impacting areas that are not used
to it necessarily.
Speaker 3 (33:19):
Right.
Speaker 8 (33:20):
Look, if it snows in Syracuse, New York, big woop.
They're used to it. But when you're getting ice and
snow in Oklahoma City down into Memphis, and even Atlanta
is expecting maybe an inch of ice, which throw that
into the airport there, and oh boy, that could really
cause a whole lot of problems nationwide. So it's this
sloppy mix of weather that the National Weather Service is
(33:41):
really even admitted that it's unsure about who's getting how
much of what where and when. But they'll know a
lot more by tomorrow. Really, the bad weather is going
to start Friday and go all weekend long, perhaps jumping
a foot of snow from Virginia up to Boston and
then staying hold so that snow is not going to melt.
Speaker 1 (34:02):
Yeah, the mid Atlantic it'll probably get hit hardest with
the snow. But this is going to stretch from Texas
Dallas all the way through the Midwest up in through
New England, and there's going to be a line I
think that we're all waiting to define between ice and snow,
and you know, I hate ice and both. Of course,
(34:22):
the potential for power outages. My wife's already doing means
of her freezing to death with the cat or with
the dog. What do we know about that line and
what it might be and how much of this is
going to be a power outage story?
Speaker 8 (34:35):
Well, right, because when you get ice, that means down
power lines. Either the lines themselves come down. Typically it's
a frozen branch that comes down and it brings down
the power lines. So that's one of the concerns. And
again with extended cold weather to follow. You know, look,
Nashville will get the occasional snowstorm, but it's typically forty
five degrees the next day and it's no big wool.
(34:56):
But in this case, we're looking at three or four
days of below freezing temperatures. This stuff isn't going anywhere.
And I should just note for the record it will
be eighty six degrees and some Florida on Sunday.
Speaker 1 (35:07):
Yeah, and I noticed in our first visit together, I said,
I'm gonna show up with pots and pants in my hand,
and he just never came back. I'm really not welcome
in your home. You'd rather be freeze to death though.
Well that's true, but I'm also thinking, like, who's the
oscar and who's the Felix? Oh? Oh, I think we
know your Felix, don't you don't I don't picture I
(35:33):
do not picture you a slob. I picture you very
Oh you.
Speaker 8 (35:37):
Are the slob. You stick with that idea, then that's fine,
all right?
Speaker 1 (35:41):
Good, Well, I'm kind of a I'm somewhere in betweens
on my mood. Great reporting as always, Rory, We're all
in this together.
Speaker 2 (35:48):
This is your Morning Show with Michael nhild jow Or
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