May 15, 2025 • 35 mins
The narrative all year has been that inflation is rising and a recession is coming. Only inflation was just down to the lowest level since 2021. Why? We asked economist and money wiz David Bahnsen.
Always revealing and often entertaining, it’s The Sounds of The Day!
Peace talks resume Thursday on efforts to end the war in Ukraine. National Correspondent RORY O’NEILL has the latest.
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Episode Transcript
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Speaker 1 (00:00):
Hey, it's me Michael. You can listen to your morning
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(00:22):
us live and make us a part of your morning routine.
In the meantime, enjoy the podcast.
Speaker 2 (00:26):
Two three starting your morning off right, A new way
of talk, a new way of understanding, because we're in
this together.
Speaker 1 (00:38):
This is your morning show with Michael O'Dell Jordan. Thank you,
Mike McCant seven minutes after the hour. Don't forget, And
I'm very grateful for those of you listening live right now,
those of you that care enough to make us a
part of your morning routine. But if for some reason
you ever miss a portion of your morning show live,
you didn't really miss it, don't forget the podcast. You
(00:58):
can catch up any time. It's usually out by nine
am Central, every single day, you can hear everything we cover.
And by the way, if you search your morning show
Michael del Jorno into the iHeart podcast app, it'll pop
right up when it does hit subscribed. That way, it's
waiting for you every morning, and good morning, and welcome
to Thursday, May the fifteenth, pay Day, twenty twenty five.
(01:22):
In more ways than one, I might add, the President
has announced record breaking new deals in Saudi Arabia and
then yesterday in Cotder. So far he's racked up three
trillion dollars in business for the United States. I mean,
this is a heck of a sales trip. And today
he's on to the United Arab Emirates. It doesn't look
(01:43):
at this moment as though Vladimir Putin or Donald Trump
are gonna be in Turkey for the peace talks today,
Marco Rubio, the Secretary of State, we'll meet with Zelensky
and a representative from Russia. Or is Red's theory this
is all a head fake and he's gonna show up
and this deal's gonna still happen. Tide will tell We
(02:04):
always talk about the talkback button because it's your morning show,
and we can't have your morning show without your voice,
and I love it, and we laugh and we have
fun and we have meaningful conversation. I always say, you
can make a comment or ask a question, no more
waiting on hold. We instantly get it. It's a microphone
on the iHeart app. No one ever asked me any questions. Well, yeah,
(02:29):
I never get a Hey, Michael, what do you think
I mean? What am I some kind of clown here
to amuse you? David Bonnson, who is our weekly guest,
already far more popular than me, even he gets a
question on the talkback line, David, listen closely. This is
Big John.
Speaker 3 (02:46):
Quick question for David bonson the market, Gurlu. Should we
have market discipline right here or should we be picking
off some stocks that got handed from this market?
Speaker 1 (02:58):
Well, there's your question, David, from one of our Should
we have walket discipline or should we be bouncing on
some of these stocks that have gotten hammered?
Speaker 4 (03:06):
Well, Michael, I'm not sure that, and I guess my
answers for Big John. I'm not sure that market discipline
is against buying things that have become great, great values.
Speaker 5 (03:19):
I don't think those two things go against each other. Now,
let's be clear, there's not a lot of things.
Speaker 4 (03:24):
That have gotten hammered now, you know, because the President
gave in on the China stuff, because he gave in
on the trade deals with everyone else. After four days,
markets are back to where they were before that disastrous
April second announcement. So there's not really a lot of
things that have gotten hammered. But you know the problem
with this, this is a permanent investing lesson.
Speaker 5 (03:47):
When things are the cheapest.
Speaker 4 (03:49):
And most attractive, that is always when you are leist
likely to buy them.
Speaker 5 (03:56):
It feels so painful, so counter and intuitive.
Speaker 4 (04:01):
You know, you go back to April eighth, the day
before the President tweeted okay, never mind at the market
rallied three thousand points after his.
Speaker 5 (04:10):
Tweet that day before.
Speaker 4 (04:12):
The market had been down Michael five thousand points in
four days, and there was absolutely.
Speaker 5 (04:18):
No sign of it letting up. And who felt like
buying then? Nobody?
Speaker 1 (04:25):
Nobody.
Speaker 4 (04:25):
But that's obviously with hindsight when it would have been
the best. And so somehow people could get this lesson
into them and practice it, you become a really good investor.
But it's so hard to do because we are human beings.
And the lesson is when things feel most uncomfortable, that's
the best time to do.
Speaker 1 (04:46):
That's the best. Yeah, that's your gauge, that's your gut.
When it's uncomfortable, that's probably the right time. I love
to do things that get you to yell at me.
So maybe I always felt like, this is why our
four to roh one k's do so well. In other words,
every paycheck money's coming out, it's going into the portfolio.
When the market crashes, your paycheck still goes in and
(05:07):
still goes so you're there when it recovers and then some.
But boy, it's harder to do when it's you doing
it one stock at a time. Really evaluated it is,
it's counterintuitive, but historically.
Speaker 5 (05:22):
Well two there's two things there.
Speaker 4 (05:24):
Though it's not only that emotional side and the stock picking,
you know, people trying to pick things and so forth.
Where the four lanky you have a little more diversification.
But it's what you just said, it's every two weeks
you're automatically buying.
Speaker 5 (05:37):
So it's one of the reasons you know that we.
Speaker 4 (05:40):
Are such big advocates of what's called dividend growth investing
because we make money from bad markets. We're constantly reinvesting
dividends at various times in which markets are down and volatile,
and it adds a significant amount to your return over time.
Speaker 1 (05:57):
You know, we don't do enough of this. This is
the kind of stuff that could really help help people.
Speaker 5 (06:04):
Overall.
Speaker 1 (06:05):
Big picture today, what I wanted to talk about was
the narrative, and especially after Liberation Day, where the narrative
was he hasn't the president hasn't addressed inflation, as if
a president is solely responsible for addressing inflation. They picked
ridiculously the eggs and other things, but the overall narrative
(06:25):
was inflation rising, recession coming. And then the inflation report
comes out lowest level since twenty twenty one.
Speaker 4 (06:33):
Why because inflation was going down no matter what inflation
all it was. It was about two percent for all
of last year as well, except for the wag effect
in the way it measures rent prices, right, it was
showing rental inflation. A four point nine percent rent is
thirty four percent of the CPI. Therefore, that excess amount
(06:58):
of rents which were really inflating it about zero percent,
was adding a full percent to the infition number. And
then over time that number wears off because leases are
usually about one year, and so there's a lag effect
in the way they measure it, and because you have.
Speaker 5 (07:14):
Such a huge increase, it.
Speaker 4 (07:15):
Never really matters that much because we don't generally get
big spikes up in rents, and we did in twenty
twenty one twenty two. So that then caused the lag
effect that was holding the number in longer.
Speaker 5 (07:30):
But the idea that the months by month inflation number.
Here's what I would say to people that thought, Okay.
Speaker 4 (07:38):
Well Biden helped bring the inflation number down, or Biden
was the responsible party when the inflation number was up
by using your eggs example, I just say, okay, what
is it they did? What did President Trump do that
made the inflation number go lower?
Speaker 5 (07:52):
In April?
Speaker 4 (07:55):
I would ask anybody, what does it they think happened? Well,
nobody's going to give you an answer.
Speaker 1 (07:59):
No, they can't. But but here's a better or a
higher altitude question. What caused it to begin with? I mean,
we've got to go back to COVID. Right, you released
that amount of money unearned into an economy that's going
to creat and so the more distance from that is recovery.
Speaker 5 (08:14):
Right, Well, that's exactly right.
Speaker 4 (08:17):
Is that you have more distance from the events that
caused it. Now there is a big debate as to
what the events were, the cause did, and you and
I have had the chance on your show to talk
about this. It's been a little while, but I have
very strong opinions that the primary cause. And when I
say primary, that does not mean I rule out secondary,
third and fourth causes two. But the primary cause is
(08:38):
what we call the supply side. Where they shut down
the world, then they reopened it. Demand went to one
hundred percent, but supply could it to go to one
hundred percent.
Speaker 5 (08:51):
It's a very very simple It was a huge lag.
It was a huge lag.
Speaker 4 (08:56):
The economy, the production of goods and services cannot turn
back on like the light switch, but our desire to
go buy things and do things does turn on like
a light switch.
Speaker 1 (09:07):
David Bonson is with a Bonson Financial Group. He also
puts out a weekly for those of you that love
our weekly visits and I treasure them. He also does
the Dividend Cafe, which is online at Dividend Cafe Dividendcafe
dot com.
Speaker 5 (09:20):
Right yeah dot com?
Speaker 1 (09:23):
You got yeah. I don't know why that seemed wrong
to my brain. And he goes in depth in these
I don't know, it's kind of like old fashioned blogging,
but it's just and I know a lot of my
listeners are loving it. So go to Dividendcafe dot com
every Thursday, and the course he visits with us as
well on Thursdays. Overall the economy and then now the
(09:44):
President adds these big deals on this trip. What's the feeling.
Speaker 4 (09:52):
Well, there's a real mixed feeling right now. There's the uncertainty,
of course, as to where we're going to come in
the next sixty ninety hundred many days. With some of
these discussions of China, the other countries are it's a
complete waste of time.
Speaker 5 (10:05):
There's no ambiguity.
Speaker 4 (10:06):
They're going to announce some deals with UK and with
India and with Japan and there. It isn't like we're
sitting on the edge of our seat wondering what's going
to happen. They're gonna announce, they're ordering things that they
would have ordered anyways.
Speaker 5 (10:19):
We're gonna announce we're.
Speaker 4 (10:21):
Getting new markets, some of which might be a little new,
some may not, but it's all. It's all going to
be fine with the other countries. The issue is what
the nature of the deal with China will be I
kind of have a feeling there could be a little
zig and zag before we get there. I think Secretary
Beston has it teed up well. I think all the
people that thought, oh, we're going to be trading.
Speaker 5 (10:42):
Less than China would all say that really disappointed. Ye.
Speaker 4 (10:45):
The idea that this whole thing was to bring all
these jobs back to America was just comically dishonest.
Speaker 5 (10:52):
But if we do get better, you know, lower tariffs,
better help with fentanyl.
Speaker 4 (10:57):
Uh, some guarantees about intellectual property protection.
Speaker 5 (11:01):
You know.
Speaker 4 (11:01):
I don't know exactly where all those deals will be,
but I expect that there will end up being deals.
But the main thing is these small businesses that have
gotten crushed in the last few months, they hopefully get
some clarity, they get some stability that they will in
fact be able to do business over the next several months.
Speaker 1 (11:21):
So there's momentum in the deals with other countries. There's
still some uncertainty with China, although I wonder how much
uncertainty it is. I was going back and forth with
a listener and email, and you know, I said, when
this is all said and done, because if you really
dissect where this ends, up with China, you're gonna end
up being somewhat where you were. But you've gained in
(11:41):
these other countries Japan, India, the Canada still needs to
be dusted out a little bit more. Well in Japan.
Speaker 4 (11:48):
How do we gain in because Japan we charge them
higher terrists and they charge us. So you think we
gained is maybe they agree to buy more things or something, Yeah.
Speaker 1 (11:56):
That kind of thing. Yeah, but it's going to probably
be a net net about all you can end up
with with with China. And it's a big deal is
we haven't addressed this intellectual property issue. And with this
mineral oral deal mineral rights deal in the Ukraine, we
will have our ability to not need China in tech
as much in areas where it makes sense great still
(12:19):
use them. But you know, I don't know what we gained.
I mean, I guess that's I'll ask you. In the end.
I think he saw how the tariffs were playing in
the economy, in the market, and he found a way
out of it. But there are gains in other places
other than China. But I don't think this ends up
with any great, big deal an advantage with China, do
(12:39):
you no?
Speaker 4 (12:40):
I Joan and if Secretary Besting gets his way, the
big thing will be that they get some sort of
currency accord in place that limits the way in which
China is able to use their currency to protect against
the way the US uses their current account deficit to
their advantage. And so I think could end up with
a currency issue. But the President can't talk about that,
(13:03):
and the and they can't really use that for political
talking points because it's too confusing. It's just not it
doesn't lend itself to the kind of headline stuff that
that the President likes a lot.
Speaker 5 (13:13):
But yeah, currency could end up being one of the
more currency.
Speaker 1 (13:17):
And intellectual currency and intellectual security. I mean, those are
two of the three big things. So if you walk
away with those.
Speaker 4 (13:24):
Security do you mean do you mean intellectual property protection?
Speaker 1 (13:28):
Yeah?
Speaker 5 (13:28):
I mean, I just I just want to be honest
with listeners.
Speaker 4 (13:31):
What what what we're talking about when we say that
China is stealing the intellectual property of our companies? Are
our companies giving it to them and saying we really
wish you wouldn't. But okay, right, hey, there are no
companies that it's happening against their will.
Speaker 5 (13:49):
They Now I happen to think that the companies.
Speaker 4 (13:52):
Made a cost of benefits decision that we'd rather try to.
Speaker 5 (13:55):
Steal our I P than not have the market.
Speaker 4 (13:58):
And you could either as a matter of Prince will
not do that, or you could as a business matter, say, look,
we're going to stand up for our business here and
not allow it to happen.
Speaker 5 (14:07):
But I don't think that was ever a governmental thing.
Speaker 4 (14:10):
That was the company's choosing to give up their intellectual property,
and and so that's a different story that now.
Speaker 5 (14:16):
But you said security too.
Speaker 4 (14:18):
The national security thing is to me the most confusing
part of the pro tariff argument. I am I to
believe that we do not want China to have control
over things that are vital on our national security, but
if they pay us, then it's okay.
Speaker 5 (14:33):
Who wants to make that argument out loud? I want
them to have any control over our national security.
Speaker 1 (14:39):
I know, I know we're out of time. But one
of your great concerns was that somebody was, you know,
going to force this notion of we'll create things here
with higher wages and we'll pay more for it and
be better. Are you feeling better that this was never
about any of that.
Speaker 5 (14:59):
Well, I'm feeling better. It's not gonna end up being
about that. I know it's more.
Speaker 1 (15:04):
It's more you see it, more of a punt, right
they looked at the defense.
Speaker 4 (15:08):
I know he punted, I know he off ramped. And
the reason he did is because market discipline is undefeated
in dealing with presidents, whether the president is a Republican
or a Democrat, market discipline humbles people.
Speaker 5 (15:21):
But you know, the.
Speaker 4 (15:22):
Protectionist thing was Pete Navarro's objective, it was Howard Gottnik's objective.
President Trump does genuinely believe that countries are ripping us
off when they buy more things from us, when they
sell more things us than they buy from us, and
that stuff isn't able.
Speaker 5 (15:36):
To go anywhere. I happen to vehemly.
Speaker 4 (15:39):
Disagree with that, but they're going to get some better deals.
I think that you're right that in the end we're
not going to notice a huge difference, but there will
end up being some announcements.
Speaker 5 (15:49):
The UK thing is a good example. Uh, it's not
a big deal, but there's a few things that sound good.
Speaker 1 (15:56):
Don't forget Dividendcafe dot com. He'll have a new piece
for you later today or tomorrow, and we'll talk very soon.
Speaker 6 (16:05):
This is Sean Paul from Alita, Florida, and my morning
show is your morning show with Nostros del Jorno.
Speaker 1 (16:15):
Hi, It's Michael. Your morning show can be heard live
on great radio stations across the country like WILM and
w DOV and Wilmington and Dover, Delaware or wgst AM
seven twenty the Voice in Middle Georgia. We're gonna need
some blankets. News Radio six fifty k e n I, Anchorage, Alaska.
We'd love to be a part of your morning routine.
Now enjoy the podcast.
Speaker 3 (16:36):
And there it is in the nutshell markets. Don't go
straight up when the stock is down, have discipline and
be in town and buy it. Be a contrarian. David
Bonson is great.
Speaker 1 (16:53):
And what am I chopped?
Speaker 5 (16:54):
Liver?
Speaker 1 (16:56):
Seriously? Get a room enough already. By the way, if
you missed that interview with David Bonson, you can always
catch it in the podcast. Don't forget search your morning
show Michael del jon on the podcast section of your
iHeart app. And you can hear me getting disrespected in
podcast for for everybody, try harder brief pe civics lesson.
Speaker 5 (17:21):
Sure, perhaps you'd like to be alone with.
Speaker 1 (17:26):
Condition I love that line the most. Thirty six minutes
after the hour in the Central time zone, you got
twenty four minutes to be to work by eight o'clock
thanks to bring us along. Here are your sounds of
the day. Well, everybody just does these interviews, By the way,
don't you love how CNN and MSNBC or ABC, NBCCBS
or any of these shows. I'll try to have any credibility,
(17:46):
like they didn't play a role in the cover up.
Like here's Wolf Blitzer talking with Hakeem Jefferies. What about
what Wolf and his network we're doing to cover up
the obvious cognitive impairment of the president. But they're all
in there gotcha moments. And so here's Wolf with a
little gotcha for seme.
Speaker 7 (18:06):
Before I let you go, Leader Jefferys, I want to
quickly get your thoughts on this new book that's about
to come out from CNNX Jake Tapper and Axiosi's Alex
Thompson detailing President Biden's decline during his time in the
White House. According to one rather stunning passage from the book,
President Biden didn't even recognize George Clooney at a fundraiser
(18:26):
that the movie Star was actually hosting for him.
Speaker 5 (18:29):
Why should voters.
Speaker 1 (18:30):
By the way, when we talked about that, when I
say we the collective America that was not cognitively impaired,
they all told us we were crazy. Now they cite
it because Jake Tapper put it in a book with axios.
I could even get to the question anyway, let's watch
a team tap.
Speaker 7 (18:50):
Dank trust Democrats when it's clear so many in your
party went to great lengths to keep Biden's condition hidden
from the public.
Speaker 8 (19:00):
I can't tell you what happened between George Plooney and
President Biden that wasn't at that event. What I can
say is that when not looking back, we're going to
continue to look forward, because at this moment, we've got
real problems that need to be addressed on behalf of
the American people, including the Republican effort to snatch away healthcare,
snatch away.
Speaker 1 (19:19):
Full assistance and hurt veterans.
Speaker 7 (19:23):
Do you interacted with President Biden during those days, those
final days he was President of the United States? Did
you see did you since there was a major deterioration.
Speaker 8 (19:33):
Well, in the conversations that I was able to have
on behalf of the House Democratic Caucus in those final days,
we simply expressed our perspective as to what would be
best for the party at that.
Speaker 1 (19:45):
Given moment in time.
Speaker 8 (19:46):
President Biden subsequently made the decision that he was going
to pass the baton.
Speaker 1 (19:50):
To Obviously, how came Jeffries isn't interested in answering any questions,
and what he doesn't seem to realize is that is
a part of moving forward. This is one of the
greatest hoaxes in United States government history, the shadow campaign
(20:10):
that stole the election and the hiding of a cognitively
impaired president. And they all told us, just like COVID,
we were crazy. Now we're right. And I guess that
team like Chuckie Huma, just want to move on and
move forward, but his party can't. And that's part of
(20:34):
the process of moving forward.
Speaker 5 (20:42):
I do not.
Speaker 1 (20:46):
Recall the exact setup for this one. I think this
is Representative Rocanna talking about exactly what I'm talking about,
how to move forward to have him debate in the
general election. I don't think Donald Trump will. I have
spoke with the President. He is fully coherent. He is
on top of details when I have talked to him.
All right, So there he is during the campaign talking
(21:08):
about how sharp the president is, top of his game.
Da da da da da da. And now you got
to address the fact that they were lying.
Speaker 5 (21:15):
Were you telling the truth back then?
Speaker 1 (21:19):
I was.
Speaker 9 (21:20):
I have met him a few times at public events
and he was. But of course I didn't have the
full picture. I mean I met him maybe two times
on rope lines and at public events. And I do
think it's important that given what has come out, that
we take accountability. Obviously he should not have run. We
should be clear to say that obviously there should have
(21:40):
been an open primary. And I don't think that's very
difficult that a Democrats should just be straight up that
he should not have run. Now that we know all
of the facts, there should have been an open primary.
Speaker 5 (21:52):
I think to move on and.
Speaker 9 (21:53):
Move forward, it's about important to take accountability and be
straightforward with the American people.
Speaker 1 (21:58):
So notice what it was beforehand. It could be a
brief moment, oh, at top of his game. All this
stuff is nonsense. Now, well it was just a brief moment.
I mean I didn't know. Obviously I didn't have the
whole picture. There is no way out of this, and
the American people see it for what it is. This
is why the Democrat Party may not have a future
(22:19):
at all. It's in a civil war with the socialist
movement within its party, and it's got a war with
credibility that it's clearly earned the defeat. And you know,
you can just not acknowledge it and move on. That
ain't solving it. What's hilarious to me is the very
(22:43):
people revealing it now are the very people that were
part of the cover up and think because they're at
least talking right now, they got away with it. Oh,
this sound almost doesn't need any setup.
Speaker 5 (22:57):
You look at this as so beautiful.
Speaker 10 (22:59):
As a construction person, I'm seeing perfect marble.
Speaker 5 (23:03):
So this is what they call perfect. And uh, just
a great judge you've done in what a beautiful place.
And we appreciate those camels have and seen that.
Speaker 1 (23:14):
We were talking yesterday, all right, So the president, first
of all, they roll out a giant red carpet. The
military marches to meet the president at the plane. They
don't send a representative or you know, like a province governor. No,
the prince meets the president at the foot of the stairs.
(23:35):
Then they get in the limousine and they're getting a
camel escort, hundreds of camel It was just we had
looked at each others that I never seen anything like
this with any president. Then they get to the palace
and then they got the guys with the swords doing
you know, the whole And then we said, it's sitting
in all the opulence. We joked, you know, he's digging
(23:57):
the mahogany and marble.
Speaker 5 (23:58):
It's sure.
Speaker 1 (23:59):
There's asident commenting on the marble and the camels. Oh,
he had a great visit in codder Trump doing something
that no president has done in twenty five years, so
many things all in one trip.
Speaker 4 (24:15):
I think you find a Syrian president right right, I
think very good, young, attractive guy, tough guy, yeah, strong mass.
Speaker 1 (24:26):
That's him talking about the new Syrian leaders. Tough guy,
strong path. But the president is now and I had
said this locally for years that I think one of
the you might pick Obamacare, you could pick the racial
divisions in our country, the losing of Turkey as an ally,
(24:48):
that is what the Obama administration should historically be known for.
That was the most dangerous thing. The red lines and
the sand and Syria and the things that have I
mean the president is repairing such deep generational wounds. We
(25:09):
said earlier in the Platinum Hour, this isn't just a
one day class at the University of Level explaining what
the president has achieved, and that this is one of
the most consequential, impressive, accomplished foreign policy trips and the
history of the presidency. It's a semester, not a class.
(25:34):
I don't even know where to begin. The trillions of
the sales call resulting in trillions of dollars and hundreds
and hundreds and thousands of jobs, that aside the repair
through strength that makes peace possible and war less likely.
(25:56):
I felt like previous administrations were in AshEL in an
armory of bombs, smoking and flicking cigarettes, trying to get
us all killed. I don't even think in the moment
we can put into words what the President is accomplishing
in this trip. Now. The Democrats, meanwhile, of course, are
(26:19):
trying to kick around impeachment. Even Nancy Pelosi says that's idiotic.
At the height of his accomplishment, you want to sound
like an idiot like Bruce Springsteen, go ahead and impeach him,
and it's not going anywhere anywhere. Meanwhile, for the establishment,
Democrat Party. This is the old strategist from Bill Clinton.
(26:39):
Like James Carvill, they're worried about words.
Speaker 5 (26:42):
When you're talking to people in general. Use it.
Speaker 6 (26:46):
Don't use generational change because there's a lot of people
that are old. Why do you want to limit the
appeel of your message to younger people. It's just believe
the generational change is coming with people wanted or not.
Speaker 1 (27:01):
I got news for you. Oh, don't use words like structural.
Speaker 6 (27:05):
Okay, it is because we're not going to attack the
structural issues in the world right now. We're trying to
like stay alive to the next day. Don't use the
word equity. Use equality.
Speaker 1 (27:19):
I mean they think it's still a word game. They
still think it's phrases. They don't realize their worldview, their platform,
their policies, the frauds they committed from COVID to the election,
(27:46):
to the handing of a nomination to Kamala Harry. No message,
no messenger, frankly, no clue, and that kind of erupted
on CNN. There's nothing about common here's this a loser.
Let's just put it.
Speaker 5 (28:01):
Oh, I think there is she lost a big time.
Speaker 4 (28:03):
You got its Listen, we are not gonna hold on.
Speaker 10 (28:10):
I'm talking fact, she got slaughtered because they disabound the process.
They have anointed her and she gots.
Speaker 5 (28:21):
And Trump fans out there just enjoy that.
Speaker 9 (28:23):
Cho people who majored in online activision with a minor
and puberty, Bob.
Speaker 5 (28:33):
They're gonna a little bit.
Speaker 1 (28:34):
Any of you in the media clearly mist the art
of the It's gonna work out, ah that your sounds
the day for this Thursday made the fifteenth, all right.
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takelean dot com. This is your Morning show with Michael
(30:18):
del Chrono Tomorrow Friday with forty seven look forward to.
That are the big stories. President Trump announced record breaking
new deals, racked up about a trillion dollars of business
in Saudi Arabia, secured two hundred and forty billion dollars
worth of business for Poeing at one point three trillion,
and Cotdter and he's in the United Arab Emirates right now.
(30:39):
Wonder what kind of deals he'll secure there? Will we
get peace talks? Well, doesn't appear at this moment as
though Trump or Putin are going to be in Turkey,
just Marco Rubyu Zelensky and a representative from Russia. The
Diddy Combs federal sex trial continues in New York today.
The girlfriend who was two days of prosecution testimony today
(30:59):
will face the defense attorneys. And we say goodbye to
a couple of teams, the Golden State Warriors eliminated from
the NBA playoffs and the Vegas Golden Knights from the
NHL playoffs. And probably the biggest story of the moment
is the Putin problem. As good as everything has been,
is Rory here by the way, okay? Is productive and historic?
(31:23):
Is this trip has been the cherry on the whip
cream would have been Putin Trump and Zelenski forming a
peace plan in Turkey at the moment, anyway, does it
look like that's going to happen. National correspondent Rory O'Neil
is here with that story. Good morning, Rory, Yeah, good morning.
Speaker 11 (31:42):
It seems Vladimir Putin, who was getting pressure to be
at this meeting from other European leaders. We got word
last night that he wasn't coming. Not totally surprised by that.
We heard President Trump say that he doubts Putin would
be at the table since Trump was not going to
be at the table, and the President saying that he
suspects that there won't really be any movement until Trump
(32:03):
and Putin get to see each other face to face
and try to get some movement here, at least movement
towards some sort of a temporary cease fire. But President
Zelensky did show up today in Turkey, Marco Rubio there
as well, and as you said, there is a delegation
from Russia, but not President Putin.
Speaker 1 (32:21):
Yeah, so how much can possibly be done today? Reasonable
expectations for today? Not a lot? Right, No, not much?
Speaker 11 (32:29):
And you know then it became pressure now on Zolensky
that followed through and to show up at this meeting
even though Putin isn't going to be there, because now
you don't want to make Ukraine look like they're not
eager for a ceasefire.
Speaker 1 (32:41):
So a lot of that back and forth is happening now,
you know, One of the things I thought was so
brilliant in all of this terrorf uncertainty was that by
the president, you know, doing a liberation Day and addressing everyone,
not only did we get to everyone else, and there
I think in the end going to be much better
deals in Japan, Canada, so Europe probably the end. No
(33:05):
real change on the China front, that ends up being
more of a punt. But the brilliant part was it
alienated China. Could the president have showed up stat there
with Zelenski and let Putin be the only one not present,
just to kind of out them, because there really is
no plan for I mean, certainly Vladimir Putin has the
right to fight another year, but there's no real victory
(33:26):
on the horizon, and there's a lot more economic pain
on the horizon, and he's a lot more alienated now.
Speaker 11 (33:33):
Right, And if he's the one who appears to be
the stumbling block here, you know, and let's not lose
the fact that he caused all this, right, He's the
one that launched this invasion, this illegal invasion of Ukraine,
so he really is the instigator here, So let's not
lose that in the discussion either. But yeah, now it
does put him in the defensive of saying, you know, look,
(33:53):
you've got the US now with Ukraine, trying to bring
it into the violence here and get to some sort
of a long term solution that looks like Russia would
retain some Ukrainian territory up and now Putin's not willing
to come to the table.
Speaker 1 (34:07):
Producer Red has a wild theory. This is all a
head fake, and they're all gonna be there and surprise
everyone with a deal. I think of this hour, it
looks like Trump and Putin are not going to be there,
but Marco will be and maybe they can get some framework.
The amazing framework that we seem to have in place
is with Iran, and and not just blindly trusting with verification,
(34:31):
get rid of the highly enriched uranium, destroy it with observers,
leave only the level of uranium for energy purposes. This
is a pretty good framework, more than I expected this
early with Iran anyway, Right well.
Speaker 11 (34:46):
People, getting over the finish line is the hard part.
Speaker 1 (34:49):
In these things, right well, tell me about it. That's
why I never ran track. Roy O'Neil the other great
day of reporting. We'll talk again tomorrow. We're all in
this together. This is your Morning Show with Michael nhel
Joiner
Hey, it's me Michael. You can listen to your morning
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(00:22):
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In the meantime, enjoy the podcast.
Speaker 2 (00:26):
Two three starting your morning off right, A new way
of talk, a new way of understanding, because we're in
this together.
Speaker 1 (00:38):
This is your morning show with Michael O'Dell Jordan. Thank you,
Mike McCant seven minutes after the hour. Don't forget, And
I'm very grateful for those of you listening live right now,
those of you that care enough to make us a
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(00:58):
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waiting for you every morning, and good morning, and welcome
to Thursday, May the fifteenth, pay Day, twenty twenty five.
(01:22):
In more ways than one, I might add, the President
has announced record breaking new deals in Saudi Arabia and
then yesterday in Cotder. So far he's racked up three
trillion dollars in business for the United States. I mean,
this is a heck of a sales trip. And today
he's on to the United Arab Emirates. It doesn't look
(01:43):
at this moment as though Vladimir Putin or Donald Trump
are gonna be in Turkey for the peace talks today,
Marco Rubio, the Secretary of State, we'll meet with Zelensky
and a representative from Russia. Or is Red's theory this
is all a head fake and he's gonna show up
and this deal's gonna still happen. Tide will tell We
(02:04):
always talk about the talkback button because it's your morning show,
and we can't have your morning show without your voice,
and I love it, and we laugh and we have
fun and we have meaningful conversation. I always say, you
can make a comment or ask a question, no more
waiting on hold. We instantly get it. It's a microphone
on the iHeart app. No one ever asked me any questions. Well, yeah,
(02:29):
I never get a Hey, Michael, what do you think
I mean? What am I some kind of clown here
to amuse you? David Bonnson, who is our weekly guest,
already far more popular than me, even he gets a
question on the talkback line, David, listen closely. This is
Big John.
Speaker 3 (02:46):
Quick question for David bonson the market, Gurlu. Should we
have market discipline right here or should we be picking
off some stocks that got handed from this market?
Speaker 1 (02:58):
Well, there's your question, David, from one of our Should
we have walket discipline or should we be bouncing on
some of these stocks that have gotten hammered?
Speaker 4 (03:06):
Well, Michael, I'm not sure that, and I guess my
answers for Big John. I'm not sure that market discipline
is against buying things that have become great, great values.
Speaker 5 (03:19):
I don't think those two things go against each other. Now,
let's be clear, there's not a lot of things.
Speaker 4 (03:24):
That have gotten hammered now, you know, because the President
gave in on the China stuff, because he gave in
on the trade deals with everyone else. After four days,
markets are back to where they were before that disastrous
April second announcement. So there's not really a lot of
things that have gotten hammered. But you know the problem
with this, this is a permanent investing lesson.
Speaker 5 (03:47):
When things are the cheapest.
Speaker 4 (03:49):
And most attractive, that is always when you are leist
likely to buy them.
Speaker 5 (03:56):
It feels so painful, so counter and intuitive.
Speaker 4 (04:01):
You know, you go back to April eighth, the day
before the President tweeted okay, never mind at the market
rallied three thousand points after his.
Speaker 5 (04:10):
Tweet that day before.
Speaker 4 (04:12):
The market had been down Michael five thousand points in
four days, and there was absolutely.
Speaker 5 (04:18):
No sign of it letting up. And who felt like
buying then? Nobody?
Speaker 1 (04:25):
Nobody.
Speaker 4 (04:25):
But that's obviously with hindsight when it would have been
the best. And so somehow people could get this lesson
into them and practice it, you become a really good investor.
But it's so hard to do because we are human beings.
And the lesson is when things feel most uncomfortable, that's
the best time to do.
Speaker 1 (04:46):
That's the best. Yeah, that's your gauge, that's your gut.
When it's uncomfortable, that's probably the right time. I love
to do things that get you to yell at me.
So maybe I always felt like, this is why our
four to roh one k's do so well. In other words,
every paycheck money's coming out, it's going into the portfolio.
When the market crashes, your paycheck still goes in and
(05:07):
still goes so you're there when it recovers and then some.
But boy, it's harder to do when it's you doing
it one stock at a time. Really evaluated it is,
it's counterintuitive, but historically.
Speaker 5 (05:22):
Well two there's two things there.
Speaker 4 (05:24):
Though it's not only that emotional side and the stock picking,
you know, people trying to pick things and so forth.
Where the four lanky you have a little more diversification.
But it's what you just said, it's every two weeks
you're automatically buying.
Speaker 5 (05:37):
So it's one of the reasons you know that we.
Speaker 4 (05:40):
Are such big advocates of what's called dividend growth investing
because we make money from bad markets. We're constantly reinvesting
dividends at various times in which markets are down and volatile,
and it adds a significant amount to your return over time.
Speaker 1 (05:57):
You know, we don't do enough of this. This is
the kind of stuff that could really help help people.
Speaker 5 (06:04):
Overall.
Speaker 1 (06:05):
Big picture today, what I wanted to talk about was
the narrative, and especially after Liberation Day, where the narrative
was he hasn't the president hasn't addressed inflation, as if
a president is solely responsible for addressing inflation. They picked
ridiculously the eggs and other things, but the overall narrative
(06:25):
was inflation rising, recession coming. And then the inflation report
comes out lowest level since twenty twenty one.
Speaker 4 (06:33):
Why because inflation was going down no matter what inflation
all it was. It was about two percent for all
of last year as well, except for the wag effect
in the way it measures rent prices, right, it was
showing rental inflation. A four point nine percent rent is
thirty four percent of the CPI. Therefore, that excess amount
(06:58):
of rents which were really inflating it about zero percent,
was adding a full percent to the infition number. And
then over time that number wears off because leases are
usually about one year, and so there's a lag effect
in the way they measure it, and because you have.
Speaker 5 (07:14):
Such a huge increase, it.
Speaker 4 (07:15):
Never really matters that much because we don't generally get
big spikes up in rents, and we did in twenty
twenty one twenty two. So that then caused the lag
effect that was holding the number in longer.
Speaker 5 (07:30):
But the idea that the months by month inflation number.
Here's what I would say to people that thought, Okay.
Speaker 4 (07:38):
Well Biden helped bring the inflation number down, or Biden
was the responsible party when the inflation number was up
by using your eggs example, I just say, okay, what
is it they did? What did President Trump do that
made the inflation number go lower?
Speaker 5 (07:52):
In April?
Speaker 4 (07:55):
I would ask anybody, what does it they think happened? Well,
nobody's going to give you an answer.
Speaker 1 (07:59):
No, they can't. But but here's a better or a
higher altitude question. What caused it to begin with? I mean,
we've got to go back to COVID. Right, you released
that amount of money unearned into an economy that's going
to creat and so the more distance from that is recovery.
Speaker 5 (08:14):
Right, Well, that's exactly right.
Speaker 4 (08:17):
Is that you have more distance from the events that
caused it. Now there is a big debate as to
what the events were, the cause did, and you and
I have had the chance on your show to talk
about this. It's been a little while, but I have
very strong opinions that the primary cause. And when I
say primary, that does not mean I rule out secondary,
third and fourth causes two. But the primary cause is
(08:38):
what we call the supply side. Where they shut down
the world, then they reopened it. Demand went to one
hundred percent, but supply could it to go to one
hundred percent.
Speaker 5 (08:51):
It's a very very simple It was a huge lag.
It was a huge lag.
Speaker 4 (08:56):
The economy, the production of goods and services cannot turn
back on like the light switch, but our desire to
go buy things and do things does turn on like
a light switch.
Speaker 1 (09:07):
David Bonson is with a Bonson Financial Group. He also
puts out a weekly for those of you that love
our weekly visits and I treasure them. He also does
the Dividend Cafe, which is online at Dividend Cafe Dividendcafe
dot com.
Speaker 5 (09:20):
Right yeah dot com?
Speaker 1 (09:23):
You got yeah. I don't know why that seemed wrong
to my brain. And he goes in depth in these
I don't know, it's kind of like old fashioned blogging,
but it's just and I know a lot of my
listeners are loving it. So go to Dividendcafe dot com
every Thursday, and the course he visits with us as
well on Thursdays. Overall the economy and then now the
(09:44):
President adds these big deals on this trip. What's the feeling.
Speaker 4 (09:52):
Well, there's a real mixed feeling right now. There's the uncertainty,
of course, as to where we're going to come in
the next sixty ninety hundred many days. With some of
these discussions of China, the other countries are it's a
complete waste of time.
Speaker 5 (10:05):
There's no ambiguity.
Speaker 4 (10:06):
They're going to announce some deals with UK and with
India and with Japan and there. It isn't like we're
sitting on the edge of our seat wondering what's going
to happen. They're gonna announce, they're ordering things that they
would have ordered anyways.
Speaker 5 (10:19):
We're gonna announce we're.
Speaker 4 (10:21):
Getting new markets, some of which might be a little new,
some may not, but it's all. It's all going to
be fine with the other countries. The issue is what
the nature of the deal with China will be I
kind of have a feeling there could be a little
zig and zag before we get there. I think Secretary
Beston has it teed up well. I think all the
people that thought, oh, we're going to be trading.
Speaker 5 (10:42):
Less than China would all say that really disappointed. Ye.
Speaker 4 (10:45):
The idea that this whole thing was to bring all
these jobs back to America was just comically dishonest.
Speaker 5 (10:52):
But if we do get better, you know, lower tariffs,
better help with fentanyl.
Speaker 4 (10:57):
Uh, some guarantees about intellectual property protection.
Speaker 5 (11:01):
You know.
Speaker 4 (11:01):
I don't know exactly where all those deals will be,
but I expect that there will end up being deals.
But the main thing is these small businesses that have
gotten crushed in the last few months, they hopefully get
some clarity, they get some stability that they will in
fact be able to do business over the next several months.
Speaker 1 (11:21):
So there's momentum in the deals with other countries. There's
still some uncertainty with China, although I wonder how much
uncertainty it is. I was going back and forth with
a listener and email, and you know, I said, when
this is all said and done, because if you really
dissect where this ends, up with China, you're gonna end
up being somewhat where you were. But you've gained in
(11:41):
these other countries Japan, India, the Canada still needs to
be dusted out a little bit more. Well in Japan.
Speaker 4 (11:48):
How do we gain in because Japan we charge them
higher terrists and they charge us. So you think we
gained is maybe they agree to buy more things or something, Yeah.
Speaker 1 (11:56):
That kind of thing. Yeah, but it's going to probably
be a net net about all you can end up
with with with China. And it's a big deal is
we haven't addressed this intellectual property issue. And with this
mineral oral deal mineral rights deal in the Ukraine, we
will have our ability to not need China in tech
as much in areas where it makes sense great still
(12:19):
use them. But you know, I don't know what we gained.
I mean, I guess that's I'll ask you. In the end.
I think he saw how the tariffs were playing in
the economy, in the market, and he found a way
out of it. But there are gains in other places
other than China. But I don't think this ends up
with any great, big deal an advantage with China, do
(12:39):
you no?
Speaker 4 (12:40):
I Joan and if Secretary Besting gets his way, the
big thing will be that they get some sort of
currency accord in place that limits the way in which
China is able to use their currency to protect against
the way the US uses their current account deficit to
their advantage. And so I think could end up with
a currency issue. But the President can't talk about that,
(13:03):
and the and they can't really use that for political
talking points because it's too confusing. It's just not it
doesn't lend itself to the kind of headline stuff that
that the President likes a lot.
Speaker 5 (13:13):
But yeah, currency could end up being one of the
more currency.
Speaker 1 (13:17):
And intellectual currency and intellectual security. I mean, those are
two of the three big things. So if you walk
away with those.
Speaker 4 (13:24):
Security do you mean do you mean intellectual property protection?
Speaker 1 (13:28):
Yeah?
Speaker 5 (13:28):
I mean, I just I just want to be honest
with listeners.
Speaker 4 (13:31):
What what what we're talking about when we say that
China is stealing the intellectual property of our companies? Are
our companies giving it to them and saying we really
wish you wouldn't. But okay, right, hey, there are no
companies that it's happening against their will.
Speaker 5 (13:49):
They Now I happen to think that the companies.
Speaker 4 (13:52):
Made a cost of benefits decision that we'd rather try to.
Speaker 5 (13:55):
Steal our I P than not have the market.
Speaker 4 (13:58):
And you could either as a matter of Prince will
not do that, or you could as a business matter, say, look,
we're going to stand up for our business here and
not allow it to happen.
Speaker 5 (14:07):
But I don't think that was ever a governmental thing.
Speaker 4 (14:10):
That was the company's choosing to give up their intellectual property,
and and so that's a different story that now.
Speaker 5 (14:16):
But you said security too.
Speaker 4 (14:18):
The national security thing is to me the most confusing
part of the pro tariff argument. I am I to
believe that we do not want China to have control
over things that are vital on our national security, but
if they pay us, then it's okay.
Speaker 5 (14:33):
Who wants to make that argument out loud? I want
them to have any control over our national security.
Speaker 1 (14:39):
I know, I know we're out of time. But one
of your great concerns was that somebody was, you know,
going to force this notion of we'll create things here
with higher wages and we'll pay more for it and
be better. Are you feeling better that this was never
about any of that.
Speaker 5 (14:59):
Well, I'm feeling better. It's not gonna end up being
about that. I know it's more.
Speaker 1 (15:04):
It's more you see it, more of a punt, right
they looked at the defense.
Speaker 4 (15:08):
I know he punted, I know he off ramped. And
the reason he did is because market discipline is undefeated
in dealing with presidents, whether the president is a Republican
or a Democrat, market discipline humbles people.
Speaker 5 (15:21):
But you know, the.
Speaker 4 (15:22):
Protectionist thing was Pete Navarro's objective, it was Howard Gottnik's objective.
President Trump does genuinely believe that countries are ripping us
off when they buy more things from us, when they
sell more things us than they buy from us, and
that stuff isn't able.
Speaker 5 (15:36):
To go anywhere. I happen to vehemly.
Speaker 4 (15:39):
Disagree with that, but they're going to get some better deals.
I think that you're right that in the end we're
not going to notice a huge difference, but there will
end up being some announcements.
Speaker 5 (15:49):
The UK thing is a good example. Uh, it's not
a big deal, but there's a few things that sound good.
Speaker 1 (15:56):
Don't forget Dividendcafe dot com. He'll have a new piece
for you later today or tomorrow, and we'll talk very soon.
Speaker 6 (16:05):
This is Sean Paul from Alita, Florida, and my morning
show is your morning show with Nostros del Jorno.
Speaker 1 (16:15):
Hi, It's Michael. Your morning show can be heard live
on great radio stations across the country like WILM and
w DOV and Wilmington and Dover, Delaware or wgst AM
seven twenty the Voice in Middle Georgia. We're gonna need
some blankets. News Radio six fifty k e n I, Anchorage, Alaska.
We'd love to be a part of your morning routine.
Now enjoy the podcast.
Speaker 3 (16:36):
And there it is in the nutshell markets. Don't go
straight up when the stock is down, have discipline and
be in town and buy it. Be a contrarian. David
Bonson is great.
Speaker 1 (16:53):
And what am I chopped?
Speaker 5 (16:54):
Liver?
Speaker 1 (16:56):
Seriously? Get a room enough already. By the way, if
you missed that interview with David Bonson, you can always
catch it in the podcast. Don't forget search your morning
show Michael del jon on the podcast section of your
iHeart app. And you can hear me getting disrespected in
podcast for for everybody, try harder brief pe civics lesson.
Speaker 5 (17:21):
Sure, perhaps you'd like to be alone with.
Speaker 1 (17:26):
Condition I love that line the most. Thirty six minutes
after the hour in the Central time zone, you got
twenty four minutes to be to work by eight o'clock
thanks to bring us along. Here are your sounds of
the day. Well, everybody just does these interviews, By the way,
don't you love how CNN and MSNBC or ABC, NBCCBS
or any of these shows. I'll try to have any credibility,
(17:46):
like they didn't play a role in the cover up.
Like here's Wolf Blitzer talking with Hakeem Jefferies. What about
what Wolf and his network we're doing to cover up
the obvious cognitive impairment of the president. But they're all
in there gotcha moments. And so here's Wolf with a
little gotcha for seme.
Speaker 7 (18:06):
Before I let you go, Leader Jefferys, I want to
quickly get your thoughts on this new book that's about
to come out from CNNX Jake Tapper and Axiosi's Alex
Thompson detailing President Biden's decline during his time in the
White House. According to one rather stunning passage from the book,
President Biden didn't even recognize George Clooney at a fundraiser
(18:26):
that the movie Star was actually hosting for him.
Speaker 5 (18:29):
Why should voters.
Speaker 1 (18:30):
By the way, when we talked about that, when I
say we the collective America that was not cognitively impaired,
they all told us we were crazy. Now they cite
it because Jake Tapper put it in a book with axios.
I could even get to the question anyway, let's watch
a team tap.
Speaker 7 (18:50):
Dank trust Democrats when it's clear so many in your
party went to great lengths to keep Biden's condition hidden
from the public.
Speaker 8 (19:00):
I can't tell you what happened between George Plooney and
President Biden that wasn't at that event. What I can
say is that when not looking back, we're going to
continue to look forward, because at this moment, we've got
real problems that need to be addressed on behalf of
the American people, including the Republican effort to snatch away healthcare,
snatch away.
Speaker 1 (19:19):
Full assistance and hurt veterans.
Speaker 7 (19:23):
Do you interacted with President Biden during those days, those
final days he was President of the United States? Did
you see did you since there was a major deterioration.
Speaker 8 (19:33):
Well, in the conversations that I was able to have
on behalf of the House Democratic Caucus in those final days,
we simply expressed our perspective as to what would be
best for the party at that.
Speaker 1 (19:45):
Given moment in time.
Speaker 8 (19:46):
President Biden subsequently made the decision that he was going
to pass the baton.
Speaker 1 (19:50):
To Obviously, how came Jeffries isn't interested in answering any questions,
and what he doesn't seem to realize is that is
a part of moving forward. This is one of the
greatest hoaxes in United States government history, the shadow campaign
(20:10):
that stole the election and the hiding of a cognitively
impaired president. And they all told us, just like COVID,
we were crazy. Now we're right. And I guess that
team like Chuckie Huma, just want to move on and
move forward, but his party can't. And that's part of
(20:34):
the process of moving forward.
Speaker 5 (20:42):
I do not.
Speaker 1 (20:46):
Recall the exact setup for this one. I think this
is Representative Rocanna talking about exactly what I'm talking about,
how to move forward to have him debate in the
general election. I don't think Donald Trump will. I have
spoke with the President. He is fully coherent. He is
on top of details when I have talked to him.
All right, So there he is during the campaign talking
(21:08):
about how sharp the president is, top of his game.
Da da da da da da. And now you got
to address the fact that they were lying.
Speaker 5 (21:15):
Were you telling the truth back then?
Speaker 1 (21:19):
I was.
Speaker 9 (21:20):
I have met him a few times at public events
and he was. But of course I didn't have the
full picture. I mean I met him maybe two times
on rope lines and at public events. And I do
think it's important that given what has come out, that
we take accountability. Obviously he should not have run. We
should be clear to say that obviously there should have
(21:40):
been an open primary. And I don't think that's very
difficult that a Democrats should just be straight up that
he should not have run. Now that we know all
of the facts, there should have been an open primary.
Speaker 5 (21:52):
I think to move on and.
Speaker 9 (21:53):
Move forward, it's about important to take accountability and be
straightforward with the American people.
Speaker 1 (21:58):
So notice what it was beforehand. It could be a
brief moment, oh, at top of his game. All this
stuff is nonsense. Now, well it was just a brief moment.
I mean I didn't know. Obviously I didn't have the
whole picture. There is no way out of this, and
the American people see it for what it is. This
is why the Democrat Party may not have a future
(22:19):
at all. It's in a civil war with the socialist
movement within its party, and it's got a war with
credibility that it's clearly earned the defeat. And you know,
you can just not acknowledge it and move on. That
ain't solving it. What's hilarious to me is the very
(22:43):
people revealing it now are the very people that were
part of the cover up and think because they're at
least talking right now, they got away with it. Oh,
this sound almost doesn't need any setup.
Speaker 5 (22:57):
You look at this as so beautiful.
Speaker 10 (22:59):
As a construction person, I'm seeing perfect marble.
Speaker 5 (23:03):
So this is what they call perfect. And uh, just
a great judge you've done in what a beautiful place.
And we appreciate those camels have and seen that.
Speaker 1 (23:14):
We were talking yesterday, all right, So the president, first
of all, they roll out a giant red carpet. The
military marches to meet the president at the plane. They
don't send a representative or you know, like a province governor. No,
the prince meets the president at the foot of the stairs.
(23:35):
Then they get in the limousine and they're getting a
camel escort, hundreds of camel It was just we had
looked at each others that I never seen anything like
this with any president. Then they get to the palace
and then they got the guys with the swords doing
you know, the whole And then we said, it's sitting
in all the opulence. We joked, you know, he's digging
(23:57):
the mahogany and marble.
Speaker 5 (23:58):
It's sure.
Speaker 1 (23:59):
There's asident commenting on the marble and the camels. Oh,
he had a great visit in codder Trump doing something
that no president has done in twenty five years, so
many things all in one trip.
Speaker 4 (24:15):
I think you find a Syrian president right right, I
think very good, young, attractive guy, tough guy, yeah, strong mass.
Speaker 1 (24:26):
That's him talking about the new Syrian leaders. Tough guy,
strong path. But the president is now and I had
said this locally for years that I think one of
the you might pick Obamacare, you could pick the racial
divisions in our country, the losing of Turkey as an ally,
(24:48):
that is what the Obama administration should historically be known for.
That was the most dangerous thing. The red lines and
the sand and Syria and the things that have I
mean the president is repairing such deep generational wounds. We
(25:09):
said earlier in the Platinum Hour, this isn't just a
one day class at the University of Level explaining what
the president has achieved, and that this is one of
the most consequential, impressive, accomplished foreign policy trips and the
history of the presidency. It's a semester, not a class.
(25:34):
I don't even know where to begin. The trillions of
the sales call resulting in trillions of dollars and hundreds
and hundreds and thousands of jobs, that aside the repair
through strength that makes peace possible and war less likely.
(25:56):
I felt like previous administrations were in AshEL in an
armory of bombs, smoking and flicking cigarettes, trying to get
us all killed. I don't even think in the moment
we can put into words what the President is accomplishing
in this trip. Now. The Democrats, meanwhile, of course, are
(26:19):
trying to kick around impeachment. Even Nancy Pelosi says that's idiotic.
At the height of his accomplishment, you want to sound
like an idiot like Bruce Springsteen, go ahead and impeach him,
and it's not going anywhere anywhere. Meanwhile, for the establishment,
Democrat Party. This is the old strategist from Bill Clinton.
(26:39):
Like James Carvill, they're worried about words.
Speaker 5 (26:42):
When you're talking to people in general. Use it.
Speaker 6 (26:46):
Don't use generational change because there's a lot of people
that are old. Why do you want to limit the
appeel of your message to younger people. It's just believe
the generational change is coming with people wanted or not.
Speaker 1 (27:01):
I got news for you. Oh, don't use words like structural.
Speaker 6 (27:05):
Okay, it is because we're not going to attack the
structural issues in the world right now. We're trying to
like stay alive to the next day. Don't use the
word equity. Use equality.
Speaker 1 (27:19):
I mean they think it's still a word game. They
still think it's phrases. They don't realize their worldview, their platform,
their policies, the frauds they committed from COVID to the election,
(27:46):
to the handing of a nomination to Kamala Harry. No message,
no messenger, frankly, no clue, and that kind of erupted
on CNN. There's nothing about common here's this a loser.
Let's just put it.
Speaker 5 (28:01):
Oh, I think there is she lost a big time.
Speaker 4 (28:03):
You got its Listen, we are not gonna hold on.
Speaker 10 (28:10):
I'm talking fact, she got slaughtered because they disabound the process.
They have anointed her and she gots.
Speaker 5 (28:21):
And Trump fans out there just enjoy that.
Speaker 9 (28:23):
Cho people who majored in online activision with a minor
and puberty, Bob.
Speaker 5 (28:33):
They're gonna a little bit.
Speaker 1 (28:34):
Any of you in the media clearly mist the art
of the It's gonna work out, ah that your sounds
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(30:18):
del Chrono Tomorrow Friday with forty seven look forward to.
That are the big stories. President Trump announced record breaking
new deals, racked up about a trillion dollars of business
in Saudi Arabia, secured two hundred and forty billion dollars
worth of business for Poeing at one point three trillion,
and Cotdter and he's in the United Arab Emirates right now.
(30:39):
Wonder what kind of deals he'll secure there? Will we
get peace talks? Well, doesn't appear at this moment as
though Trump or Putin are going to be in Turkey,
just Marco Rubyu Zelensky and a representative from Russia. The
Diddy Combs federal sex trial continues in New York today.
The girlfriend who was two days of prosecution testimony today
(30:59):
will face the defense attorneys. And we say goodbye to
a couple of teams, the Golden State Warriors eliminated from
the NBA playoffs and the Vegas Golden Knights from the
NHL playoffs. And probably the biggest story of the moment
is the Putin problem. As good as everything has been,
is Rory here by the way, okay? Is productive and historic?
(31:23):
Is this trip has been the cherry on the whip
cream would have been Putin Trump and Zelenski forming a
peace plan in Turkey at the moment, anyway, does it
look like that's going to happen. National correspondent Rory O'Neil
is here with that story. Good morning, Rory, Yeah, good morning.
Speaker 11 (31:42):
It seems Vladimir Putin, who was getting pressure to be
at this meeting from other European leaders. We got word
last night that he wasn't coming. Not totally surprised by that.
We heard President Trump say that he doubts Putin would
be at the table since Trump was not going to
be at the table, and the President saying that he
suspects that there won't really be any movement until Trump
(32:03):
and Putin get to see each other face to face
and try to get some movement here, at least movement
towards some sort of a temporary cease fire. But President
Zelensky did show up today in Turkey, Marco Rubio there
as well, and as you said, there is a delegation
from Russia, but not President Putin.
Speaker 1 (32:21):
Yeah, so how much can possibly be done today? Reasonable
expectations for today? Not a lot? Right, No, not much?
Speaker 11 (32:29):
And you know then it became pressure now on Zolensky
that followed through and to show up at this meeting
even though Putin isn't going to be there, because now
you don't want to make Ukraine look like they're not
eager for a ceasefire.
Speaker 1 (32:41):
So a lot of that back and forth is happening now,
you know, One of the things I thought was so
brilliant in all of this terrorf uncertainty was that by
the president, you know, doing a liberation Day and addressing everyone,
not only did we get to everyone else, and there
I think in the end going to be much better
deals in Japan, Canada, so Europe probably the end. No
(33:05):
real change on the China front, that ends up being
more of a punt. But the brilliant part was it
alienated China. Could the president have showed up stat there
with Zelenski and let Putin be the only one not present,
just to kind of out them, because there really is
no plan for I mean, certainly Vladimir Putin has the
right to fight another year, but there's no real victory
(33:26):
on the horizon, and there's a lot more economic pain
on the horizon, and he's a lot more alienated now.
Speaker 11 (33:33):
Right, And if he's the one who appears to be
the stumbling block here, you know, and let's not lose
the fact that he caused all this, right, He's the
one that launched this invasion, this illegal invasion of Ukraine,
so he really is the instigator here, So let's not
lose that in the discussion either. But yeah, now it
does put him in the defensive of saying, you know, look,
(33:53):
you've got the US now with Ukraine, trying to bring
it into the violence here and get to some sort
of a long term solution that looks like Russia would
retain some Ukrainian territory up and now Putin's not willing
to come to the table.
Speaker 1 (34:07):
Producer Red has a wild theory. This is all a
head fake, and they're all gonna be there and surprise
everyone with a deal. I think of this hour, it
looks like Trump and Putin are not going to be there,
but Marco will be and maybe they can get some framework.
The amazing framework that we seem to have in place
is with Iran, and and not just blindly trusting with verification,
(34:31):
get rid of the highly enriched uranium, destroy it with observers,
leave only the level of uranium for energy purposes. This
is a pretty good framework, more than I expected this
early with Iran anyway, Right well.
Speaker 11 (34:46):
People, getting over the finish line is the hard part.
Speaker 1 (34:49):
In these things, right well, tell me about it. That's
why I never ran track. Roy O'Neil the other great
day of reporting. We'll talk again tomorrow. We're all in
this together. This is your Morning Show with Michael nhel
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