June 10, 2024 • 33 mins
Ryan Gordon filling in for Michael DelGiono all this week.
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Episode Transcript
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Speaker 1 (00:00):
Hi, It's Michael. Your morning show airs live five to
eight am Central, six to nine Eastern and great cities
like Memphis, Tennessee, Telsa, Oklahoma, Sacramento, California. We'd love to
be a part of your morning routine, but we're happier
here now. Enjoy the podcast.
Speaker 2 (00:16):
Starting your morning off right. A new way of talk,
a new way of understanding because we're investigation. This is
your Morning Show with Michael Belle John.
Speaker 3 (00:31):
Welcome to the show on this Monday, June tenth, I'm
Ryan Gorman with Danna McKay and Chris Trankman from our newsroom.
Speaker 4 (00:37):
Coming up this hour.
Speaker 3 (00:38):
In about a half hour, we're going to recap the
main job support which came out on Friday, and we'll
break down how could impact the Federal reserves decision on
interest rates. We'll have market expert Jay Ratliffe on with
us for that. Right now, let's get into some of
today's top stories. Good morning, Chris, Good morning. Former President
Trump's probation interview is set for today following is criminal
(01:00):
conviction in the hush money case. The interview is a
standard part of the sentencing process for felony defendants convicted
in New York State Court. Trump will sit for the
interview virtually from mar A Lago and Palm Beach in
a zoom call or something like it. According to NBC,
the interview comes less than two weeks after a New
York jury found Trump guilty on all thirty four counts
(01:23):
of falsifying business records to cover up a hush money
payment with an intent to unlawfully influence the twenty sixteen
presidential election. I'm sure Trump's going to love that. I
wonder what some of the questions are during the interview, like,
how is that going to go?
Speaker 4 (01:37):
What do they ask him?
Speaker 3 (01:39):
Well, he's going to have his attorney sitting in with it,
and he had to ask that as a special request.
Normally this is a fairly informal process, but it is required.
They're probably just going to talk to him about what's
next and what he has to deal with upcoming. Obviously,
the most important thing for him will be the sentencing,
which takes place just a few days before the Republican
(02:00):
National Convention in July YEP, and then he can go
and start on the appeals process.
Speaker 4 (02:07):
I would not want to be that probation officer.
Speaker 5 (02:09):
No, that's gonna be intimidating.
Speaker 3 (02:13):
Yeah, it's like I wouldn't want to be a judge
in one of these cases, or adjuring one of these cases,
are a prosecutor or anybody connected to any of those people.
Speaker 4 (02:20):
I wouldn't want to be the probation. Well, you know
what those zoom calls. You can put like a filter on.
Speaker 3 (02:23):
Maybe you can put like the cat the cats alter on,
lighten things up. That is gonna be something, all right,
So we've got that happening, tom.
Speaker 4 (02:33):
I'm sure Trump will tell us all about how it
went too social and all cats. That's right? Yeah, what
else is going on? Chris Well?
Speaker 3 (02:42):
A chain of connected banners about a mile long circled
the White House on Saturday, was carried by protesters taking
part in a large demonstration against Israel, during which President
Biden was repeatedly accused of supporting genocide and there were
chants rejecting a two states and calling for into fada.
Speaker 4 (03:02):
In the streets of DC.
Speaker 3 (03:03):
Protesters set off smoke, they led chance, they carried signs,
and even had a red sign that was used to
surround the White House. The protesters saying that they want
to take back forty eight and that refers to the
founding of Israel in nineteen forty eight. Yeah, and these
protesters also oppose a two state solution. They believe in
getting rid of Israel altogether. Right, they're full on, we
(03:26):
want to kill the Jews essentially. I mean, you know,
that's basically the message. They're full on from the river
to the sea. They just want to wipe out Israel
and end of story.
Speaker 5 (03:38):
Well, and they also completely vandalized a statue near the
White House and wrote death to America on it. And
America is spelled with three k's in the middle too,
So yeah, so they also did that.
Speaker 4 (03:49):
Yeah, looking at the video of that right.
Speaker 3 (03:50):
Now, I know they know where they're coming from. Yeah, yeah, yeah,
I know. They were burning American flags. Here's some of
the chants that you could hear. Again, this is right
outside the White House, chanting for Hesbalah. They want to
(04:16):
kill all the Israeli soldiers. And then you've got this
going on, and a lot of them played dress up,
so they were dressed up as their favorite terrorist organization.
There was that going on, you know, on the college campuses.
(04:37):
We did have some protesters who they were pretty openly
supporting Hamas, but you had a lot of protesters who
were out there who seemed to be dopey kids to.
Speaker 5 (04:49):
Some of them didn't even know why they were protesting.
Speaker 3 (04:51):
Remember that clip where they were asking the two girls like, hey,
what are you doing out here?
Speaker 4 (04:56):
Like I don't know?
Speaker 6 (04:56):
And do you know?
Speaker 4 (04:58):
Yeah, I were here.
Speaker 3 (05:00):
I want to do with the Middle East, But sounded
like a party. So we came out of here. This
protest that took place right out of the White House.
This was just in support of terrorist groups. I mean
it was pretty blatant what the message was and alarming too. Yeah.
Speaker 5 (05:14):
I also saw on x somebody had a sign with
the F word that's a bad word for homosexual for
hamas nice like, oh my gosh, wait what does that mean?
Speaker 3 (05:25):
Which is really hard to wrap your head around. Like
the Queers for Palestine that's what they call themselves. Because
I just want to say, why don't you go over
there and see how that turns out for you? Because
I tell you what, if you go over to Israel
and you're open about who you are, you'll be all right.
You walk into Gaza, look out, Yeah, I'm gonna go.
Speaker 4 (05:45):
So well for you. What are you talking about?
Speaker 3 (05:47):
It's it's incredible Yeah, they're definitely on the extremism side
of this issue. And you know, all over the country
we've seen such a response to this, you know, war
in Gaza between and you know the Hamas and Israel.
But if you look at, you know, certain levels of
the protest, this was obviously on the far end of
extremism and clearly the kind of protesters that really don't
(06:12):
want a peaceful resolution at all, exactly.
Speaker 5 (06:15):
No, what else scares me too, is how many people
were there. Like, looking at these videos, there's just a
flood of people. It's not just like a handful, there's
a lot.
Speaker 3 (06:24):
Right, this was This was the most extreme protest that
I've seen up to this point. But hopefully, like those
protesters at Columbia, somebody came and fed them because you know,
remember the Columbia student they were starving.
Speaker 4 (06:38):
Yeah, they were, they were famished, So hopefully they wanted.
Speaker 5 (06:41):
Their meal plan. Well, at least the protesters at Princeton though,
when they went on a hunger strike, Yeah, they rotate
after they got hungry. They just had new people come in.
Speaker 4 (06:48):
Yeah, anybody hasn't heard that story.
Speaker 3 (06:50):
Yeah, that was one of our favorite stories of the
past couple of weeks where at Princeton they had hunger
strikers and then they like they passed the baton to
the next round of hunger strikers when they got hungry.
Speaker 4 (07:02):
And they're like, all right, you're next.
Speaker 3 (07:05):
Yeah, I'm not quite sure that's how it's supposed to work.
All right, what else we have this morning press? The
USA Basketball has reportedly chosen the twelve woman roster for
the Olympic team in Paris. It does not include one
of the biggest names in the sport. The roster to
go to the Olympics for this year is a collection
of w NBA superstars, including Aga Wilson, Brianna Stewart, Sabrina Ionescue,
(07:29):
Britney Griner, and Moore. But Caitlin Clark, the Indiana Fever
rookie guard who entered the WNBA after the historic college
career at Iowa, was not selected to go to the Olympics. Now, overall,
Team USA on the women's basketball side totally dominant in
the Olympics, winning the last seven gold medals and just
(07:52):
you know, total annihilation of the of the Olympic teams
that are put up by other countries, and you know,
they don't get the same attention. This is probably one
of the biggest stories you've heard about the women's Olympic
team in quite a while, and it involves somebody's not
going to even be on the team exactly. And that's
why to me, it was a mistake to leave rough team.
Look to put her on the team, you were going
(08:12):
to leave off somebody who's maybe more deserving in terms
of their WNBA career. But I think if you're USA Basketball,
if you're the WNBA, you have to look out for
the sport as a whole.
Speaker 4 (08:26):
And there's no question the ratings. Yeah, your money, the money, it.
Speaker 3 (08:31):
Would have been so much more if Caitlin Clark was
on the team. It just seems like they dropped the ball.
There have been a number of things I just haven't
understood about all of this where doesn't feel like they're
taking advantage of this moment as much as they could be.
Speaker 5 (08:48):
No, they aren't at all, And they're letting some of
the other players who are haters come down on her.
Speaker 3 (08:52):
And it's not even like you couldn't justify putting Caitlin
Clark on the team because she is the greatest. I mean,
I know there are some arguments about maybe one or
two other women's basketball players college basketball players in the past. Well,
she's the all time leading school exactly right, So you've
got that. I mean, I would say she'd be a
better fit than Christian Latner was. Remember him on the
(09:13):
Dream Team.
Speaker 4 (09:13):
That was.
Speaker 3 (09:15):
Instead of like Shack or someone else that was bizarre. Yeah, Well,
here's the thing. I mean, if you look at her
WNBA stats, she has struggled a bit in the pros
so far. I mean, you look at Wilson, who's on
the Olympic team. She leads the WNBA scoring twenty eight
points a game, right, Caitlin Clark is fourteenth, scoring fourteen.
Speaker 4 (09:35):
Point eight points.
Speaker 3 (09:36):
Yeah, so she's obviously going through the adjustment that you
go through you when you jump from the college to
the pros. I mean, they're just better players in WNBA
that she's dealing with. So you could argue, just like
you said, there are better players out there right now,
but there aren't bigger players, no, because Ja arenas setting
ratings records. I mean, it is what it is, and
there's no question it's her that's driving this. So I
(09:59):
think that was a missed opportunity for USA Women's Olympic basketball.
Chris Trankman with today's top stories. Chris, thanks so much,
Thank you.
Speaker 4 (10:06):
Still to come.
Speaker 3 (10:07):
Why the first lady has been traveling so much and
how much that's costing taxpayers. That's a few minutes away
on this Monday, June tenth. Right now, let's get to
another trending story for you. And this is one of
those where I hear it and gotta be honest, I
don't feel bad, No, not at all.
Speaker 4 (10:26):
This is called karma.
Speaker 5 (10:27):
So Larry Nasser, the former Team USA gymnastics doctor who's
spending the rest of his life in prison for sexually
abusing gymnasts, He's apparently paying for protection by gang members
by doing sexual favors. This according to a fellow inmate,
who said Larry Naser has decided that bleeping bleep is
a good way to stay alive, and the inmate called
(10:47):
him a scared little church mouse and said that sometimes
what they expect him to do in exchange for being
protected sounds worse than the idea of being stabbed and
killed in prison, and that these gang members force him
to perform favors as a way of humiliating and degrading
him for what he did to those girls.
Speaker 4 (11:08):
You know, it was interesting.
Speaker 3 (11:09):
Bill Maher on his show on Friday night he did
a close where he talked about rape in prison and
all of that, and it was really interesting. If if
anybody wants to check it out, just you know, seart
for Bill Maher on social media. You'll find the clip
of it. But in this instance, first of all, just
looking at Larry Nasser, I mean, he knew he wasn't
(11:29):
going to do well, not at all in prison.
Speaker 5 (11:31):
And then on top of that his crimes against girls. Yeah,
those people don't do well.
Speaker 3 (11:37):
Nope, exactly, and and so not really all that surprising.
And you see you don't shed a tear for no,
not somebody as evil as him.
Speaker 4 (11:48):
And it's karma. That's exactly right. It's definitely karma.
Speaker 2 (11:52):
This is Your Morning Show with Michael del Chona.
Speaker 3 (11:57):
First, Lady Jill Biden, Doctor Jill Biden showing up to
the trial as much as she has, obviously offering some support,
at least we think because based on some of the
revelations that we learned, some of.
Speaker 5 (12:08):
Those text messages messages Hunter had sent about her that
were not very nice at all.
Speaker 4 (12:13):
I'll calling her the C word and other things.
Speaker 5 (12:15):
Questioning her intelligence as a teacher, saying that he's smarter.
Speaker 4 (12:19):
Than her exactly.
Speaker 3 (12:20):
I wonder if she's there for support or to see
him go down, be perfectly honest. Let's go to the
hotline now and bring in our White House correspondent John Decker,
who joins us to talk about the First Lady's travel
these days.
Speaker 4 (12:33):
And John, she's been all over the place, well she has.
Speaker 6 (12:36):
Let's talk about her travel. Last week. Monday, Tuesday, and
Wednesday of last week, she was in Wilmington, Delaware in
a federal courum supporting Hunter Biden, her step son. Then
Wednesday night of last week, she flew over to join
President Biden in France for the eightieth anniversary commemoration of
the D Day Invasion. Then she flew back to Wilming,
(13:00):
Delaware from France to be in the courtroom on Friday,
and then Friday night lives back to France to join
President Biden in France for a state visit hosted by
French President Emanuel mcbrunt, and then yesterday flying back with
the President to Wilmington, Delaware again. She'll be in the
courtroom again supporting Hunter Biden when his trial continues this morning.
Speaker 3 (13:24):
That's interesting that she was in France, goes back to
Delaware for the Trump then back to France.
Speaker 4 (13:31):
I wonder why. I mean, I feel.
Speaker 5 (13:33):
Like it's really important that she's there for her stepside.
Speaker 6 (13:36):
I guess, well, I don't fall her for that in
any way. It's just that, you know, all of this travel,
it's paid for by the American tax payer. She travels
on government aircraft, which is obviously the reason for that
is security reasons. But you know, when President Trump was
(13:57):
in office is four years in office, and he flew
down on long weekends down Tomorrow lago. That certainly was
personal travel. But you know he's president twenty four hours
of the day, and that's the reason why he did
not reimburse the government for his air travel. Similarly, the
first Lady is not going to be reimbursing the government
(14:18):
for these back and forth trips between France and Wilmington,
Delaware that took place last week. You know, I think
that you know, that's a question that I leave it
to people like us whether or not you think that
she ought to reimburse the government for that, clearly personal travel.
Speaker 3 (14:35):
Now, luckily for her, she's not going to have to
go back and forth too much moving forward. Because this trial, John,
because you've been following this closely as well, it's likely
going to wrap up pretty quickly this week, correct, it is, so.
Speaker 6 (14:49):
As you know, it's the opportunity for the defense to
put on their case. So we heard on Friday from
Naomi Biden, the daughter of Hunter Biden. I don't know
if we'll see addition witnesses. We'll learn that shortly this morning,
and we'll also learn whether or not Hunter Biden will
take the stand in his own defense. I don't think
that's going to happen. And if all of that means
(15:11):
that this case is wrapping up for the defense, that
means we'll see likely closing arguments happen as early as tomorrow,
and the jury, that twelve person jury could get this
case as early as Wednesday of this week. So by
the end of this week we could actually have a
verdict in that case, just like we quickly saw a
verdict happen in Donald Trump's criminal case happening in Manhattan
just a few weeks ago.
Speaker 3 (15:32):
All Right, our White House correspondent John Decker with us
this morning. John, really appreciate the update. Thanks so much.
Speaker 6 (15:38):
Thanks Ryan, Bye, Bye.
Speaker 3 (15:39):
I feel like the first Lady is one where she
was on a Southwest flight?
Speaker 4 (15:46):
Would you think anything of it?
Speaker 3 (15:47):
Like, do you think you'd notice Jill Biden sitting right there?
Speaker 5 (15:51):
Probably not, to be honest with you, Yeah, I don't
think so. If it was Melania Trum, I think we
would notice Melanni.
Speaker 3 (15:58):
You would notice Michelle Obama, you would notice, I feel like,
But Jill Biden. I feel like if she, I don't know,
wore a hat and had like a book or something.
Speaker 4 (16:09):
In her hand, like, you wouldn't think anything of it. Yeah.
Speaker 5 (16:11):
If she tried to dress a little less like Vice
or you know, like first Lady is she, you probably
wouldn't notice her. She could just slip right on his
south West flight and nobody would know.
Speaker 3 (16:21):
That's why here should cost some taxpayer so much. Take
it on the next Jet Blue flight and try that instead. A.
Speaker 1 (16:26):
Hi, it's Michael. Your morning show could be heard live
weekday mornings five to eight am, six to nine am
Eastern and great cities like Tampa, Florida, Youngstown, Ohio, and
Oklahoma City, Oklahoma. We'd love to join you on the
drive to work live, but we're glad you're here now.
Enjoyed the podcast.
Speaker 3 (16:42):
Ryan Gorman here with Danny McKay and now let's go
to the hotline and bring in our market and air
travel expert, Jay Ratlift. You can find online at Daytrade
Fun dot comic and that's Daytrade Fun dot com and Jay,
let's start with the May jobs report, adding two hundred
and seventy two thousand jobs in May. That was well
above the one hundred and ninety thousand that economists had anticipated.
(17:06):
So another pretty hot jobs report.
Speaker 7 (17:10):
Yeah, for sure. And the news came out, it was like, hey, great,
the numbers seeded what we were expecting or is it great?
Because we're trying to determine exactly how the Fed's going
to respond to this kind of news, and you know,
Wall Street, the news is greeted with, I think it's
fair to say mixed results. The DAL closed slightly down
for the day, and that tells me there was a
lot more concern than there was excitement over this because
(17:32):
there's a lot of things to read into this report,
and obviously how the Fed's going to respond is going
to dictate what the next you know, STEP's going to
be with regards to the interest rate watch that we
have going on right now.
Speaker 4 (17:43):
You know, when you dive a little bit deeper.
Speaker 3 (17:46):
One of the other headlines was that the jobless rate
picked up just tad so that was notable. Also, the
average hourly earnings solid number there. What I thought was
interesting was women's employment hitting a new record high. Over
(18:06):
seventy five percent of all women age twenty five to
fifty four were working in that May report, which is
a record high. And that's part of the economic picture
that sometimes, you know, maybe doesn't get as much attention,
but it's definitely notable. And I wonder how much of
that has to do with some of the changes, some
of the shifts that came as a result of the pandemic,
(18:29):
with hybrid work being something remote work that more and
more employees are able to do, and in some of
those cases that alleviates the childcare issue that at times
occasionally held women back from entering the workforce.
Speaker 7 (18:46):
Well. Absolutely, In fact, the pandemic it was a pivot
point for a lot of businesses and certainly families when
they had to adjust going into the pandemic and then
looked at ways that they could adjust coming out of it,
with many of them working from home and doing different
things and when you see the number that you'd mentioned
as far as that workforce participation rate on the female
(19:09):
side of things, that's I think telling for a lot
of the things that you had mentioned, and I think
it's also a reflection of a lot more businesses that
have tried to as much as possible to accommodate the
worker that wants to work at home. We went from
the pandemic time everybody work at home, no one come
to the office, to kind of, okay, the pendulums wong
big time the other way, where businesses were demanding the
(19:30):
people return back to the office. And I think that
we've reached a point where we're kind of trying to
find that middle ground and where businesses are understanding, okay,
we can kind of have a give and take here,
and I think that's reflected in the jobs report as well.
And I think it's a good thing because anytime that
you can save money from childcare, parking, the gas, all
(19:51):
the other things that are associated with that kind of
a commute type of thing, it's certainly a good news
for those that are working and ryan during a time
when inflation is going like it is. Any single bit
we can give to the people that need it the most,
I think is a certainly a very good thing.
Speaker 3 (20:06):
Exactly, I'm waiting for our bosses to come to us
and try to find that middle ground.
Speaker 4 (20:10):
So far, I'm here in the studio with day and
every single day.
Speaker 7 (20:13):
Over here to my friends.
Speaker 3 (20:17):
Let's go back to the Federal Reserve and how they're
going to digest this major ox report, because again, that's
a big part of all of this, this question as
to whether or not there's going to be a continued
pause on interest rates moving one direction or another, or
if a cut could be coming at some point this year.
Speaker 4 (20:39):
I'm figuring this probably.
Speaker 3 (20:41):
This report keeps the Federal Reserve where they're at, not
making any move in the near future.
Speaker 7 (20:48):
So I certainly agree with you wholeheartedly. And then when
we get the CPI numbers on Wednesday, the same day
that the Fed concludes that two day meeting, it's gonna
be interesting to see what is going to come from that,
because you know, the word that the Fed chair pal
continues to use is substantial. He wants to see substantial
movement towards the target inflation number of two percent, and
(21:09):
so far the movement this year has been at the
pace of a sloth and it really explains why in
a year when some are looking for these six or
seven massive interest rate cuts to instead not even having
seen one yet. And right now Wall Street's counting on
one cut this year and hoping for two, and they're
really hoping the comments of following the Fed's two day
meeting on Wednesday can provide a few of the many
(21:33):
answers that they're looking for right now as far as
what the next step is going to be.
Speaker 3 (21:37):
And you've got a lot of people in a holding
pattern because of all of this. I was talking to
a couple over the weekend and they've basically, you know,
outgrown their current home, would like to move into a
bigger one, but right now he going to make that move.
With interest rates where they are, with housing prices in
many parts of the country where they are, You've I
think you've got a lot of people who would maybe
(21:59):
move over or buy something new or build something where
they're just kind of sitting back and waiting to see
how things unfold. And it's not just Wall Street that's
keeping a close eye on what the cutter Reserve might do.
You had the thirty year fixed mortgage rate that fell
back under seven percent last week, which is a good sign,
but that's in large part due to optimism that at
(22:21):
some point those rate cuts are going to come.
Speaker 7 (22:23):
Yeah, and Ryan, coming out of the pandemic, when we
had the interest rates as low as they were, you're
talking about three percent, under three percent, close to three percent.
I think, sadly, what's happened from that is it's given
the impression that sometime very soon we could return to
those days. And you know, I'm an individual that looks
at that and saying, Wow, that was a once in
a lifetime event. I'm glad people were able to capitalize
(22:45):
on it at the time. But if I'm sitting around
waiting for a return to three percent and I'm not
going to jump on a six or a five or
even under five thinking it's got to go lower, I
really think that's a disservice because you have to look
at everything that caused them at that made that occur.
And sadly, I think a lot of people look at
that and they're not going to budge on anything until
(23:07):
they see it moving in that direction. And sadly, I
think that's going to be a long wait, because I
simply don't see those days returning absence some sort of
a unforeseen crisis, you know, impacting us.
Speaker 3 (23:17):
Once again, we're joined by our market and air travel expert,
Jay Ratliff. I'm Ryan Gorman with Dana McKay. You can
find him online at daytradefun dot com. Let's switch to
some aviation stories, and of course here we have to
start with the Boeing flight that had flames coming out
of the back of the plane.
Speaker 4 (23:34):
What happened there.
Speaker 7 (23:36):
You know, I mean to me it wasn't a big deal.
Of course, Look I wasn't on the plane. I guess
it was. It was a plane that backfired. I mean,
it had a compression failure on the aircraft, the starboard
engine on the right side, and it sputtered and failed.
The video was dramatic, especially at night. You've got the
(23:56):
flames from that engine malfunction that were clearly visible. But
look the crew slimsully touched down the engine, they circle
back and they land with really no incident. Passengers are
put on another flight. I'm getting text about Javis life threatening,
terrifying departure out of Toronto. I'm taking it, well, that's
not really the case, because these flight crews are so
well trained. Part of their pre departure of briefing is
(24:18):
they're going through, Okay, once we reach the rotation point
where we leave the ground, we pass that point of
no return. If we have an engine failure, how are.
Speaker 4 (24:26):
We coming back?
Speaker 7 (24:26):
Which runway are we going to do? Who's going to
be in control? They go through all of those things
on every single departure so that when you have a
situation like this happened, which is critical because look, this
is the most critical time of any flight operation. You're
taking off with a fully fueled aircraft. They've already worked
out the details on what's going to happen. It's not
like the emergency happens, it's like, oh crap, what do
(24:49):
we do now? This is a rehearsed scenario that they
go through before every departure, and for them it was
another day at the office. I know it wasn't for
the passengers, but you know, a a scale of anxiety
one to ten. If I'd have been on that plane,
it might have been a three and a half or four,
because as long as they can shut that engine down,
that's fine. My biggest concern would have been had the
(25:10):
engine just stopped and not had any sort of mechanical issue,
because then I'm worried about contaminants in the fuel, like water,
which could cause the one working engine to stop. Those
planes can fly coast to coast on one engine, so
I'm not worried about that. But yeah, I mean, we
did get an interesting video and people are, oh, yeah,
very interesting story.
Speaker 3 (25:29):
I love how calm, cool and collected you are about
the story. The New York Post headline was flames shoot
from airpan and a bowing jet moment after takeoff, and
they quoted somebody saying, we've got an engine fire.
Speaker 5 (25:39):
Holy crapil I mean, that would be my reaction.
Speaker 7 (25:46):
Look, I've been I've been at you know, the decades
I was with Northwest. We would have airplanes that would
take off that would have issues, and you'd be talking
to flight crew about them coming back. It was like, oh,
you know, they're circling back to the house because they
forgot to pick up the milk or something. And to look,
a lot of these men and women are former military,
and they are incredibly well trained, and when this type
(26:06):
of situation comes up, it's nothing compared to some of
the things that they've had to deal with in their career,
and that's one of the reasons I'm really disappointed we've
not given them the ability to retire at an age
past sixty five. I think that's such an injustice because
they should be allowed to continue until sixty seven, sixty eight, whatever,
as long as they are flight ready as far as
(26:28):
physically mentally to be able to do so. Because a
lot of these pilots had to give up some of
their retirement over these leaner years in the past, it
would be great to give them the opportunity if they
wanted to to work those extra couple of years. And sadly,
the popes in Washington, DC are doing what they do
so well. Absolutely nothing on it, and the proposal on
that's gone nowhere.
Speaker 3 (26:49):
That's incredible, how calm, cool and collected they are in
those moments, kind of like I am.
Speaker 4 (26:52):
When things go wrong here at the radios things they
really are.
Speaker 5 (26:55):
Actually, Yeah, when the mic is on, as soon as
it goes off.
Speaker 4 (27:00):
Care about it.
Speaker 7 (27:02):
Is when I'm driving down the road.
Speaker 3 (27:05):
Our market and the air travel expert Jay Ratliffe with
us this morning. You can find him online at Daytrade
fund dot com. Chase thanks so much, really appreciate it.
Speaker 7 (27:14):
Anytime, my friend, Thank you.
Speaker 3 (27:15):
All right, still to come, Democrats are defending President Biden's
executive order on immigration. We're going to tell you what
one senator had to say in particular.
Speaker 4 (27:23):
It's a few minutes.
Speaker 3 (27:23):
Away on this Monday, June tenth. I'm Ryan Gorman with
Dana McKay in for Michael del Jorno. And right now,
let's get to another trending story, this one evolving the
city of San Francisco doing something that's going to make
the rest of the country shake it's head.
Speaker 5 (27:38):
Oh yeah, So they just opened their first free food
market where approved residents can show a benefits card but
whatever they want in their shopping.
Speaker 4 (27:45):
Cart and leave without paying. Nice.
Speaker 5 (27:48):
Now, they do have to check out to keep track
of what's going out, okay, but they don't pay for it.
Speaker 4 (27:56):
It was just free.
Speaker 5 (27:57):
So it costs the taxpayers five point five million dollars.
And they did this because they don't want people to
feel like they're going to a food pantry.
Speaker 3 (28:07):
I'm wondering, how is this different from what people in
San Francisco are already doing when they just walk into
these stores and they take everything and walk out without
paying for it.
Speaker 4 (28:17):
Anyway, Well, that's.
Speaker 5 (28:18):
Actually why they had to do this and invest in this,
because there's no supermarkets in that area anymore, or Walmarts
or targets or anything, because they've all closed up shop
because of the crime.
Speaker 6 (28:29):
I am Actress Lie Savarga, and my morning show is
Your Morning Show with Michael Deljordo, Ryan.
Speaker 4 (28:35):
Gorman here with Dana McKay.
Speaker 3 (28:37):
Democrats are defending President Biden's executive action to limit the
number of migrants who can claim asylum between ports of
entry at the US Mexico border. Delaware Senator Chris Coons
told CBS to Space the Nation, Biden actually wants to
solve the border crisis.
Speaker 7 (28:53):
So there's a.
Speaker 8 (28:53):
Stark difference in the values that President Biden and former
President Trump bring to trying to address the issue of
border secure and immigration.
Speaker 3 (29:01):
Kon's told CBS has Face the Nation, Biden has repeatedly
tried to put forth the solution to the border crisis
and has been repeatedly rebuffed.
Speaker 8 (29:09):
President Biden has time and time again asked Congress to
enact a broad solution to our border security and immigration challenges.
Speaker 3 (29:18):
And he contrasted Biden's efforts to address border security with
former President Donald.
Speaker 8 (29:22):
Trump's President Biden is moving ahead with forceful leadership at
securing our border. President Trump is simply making a political
issue of this.
Speaker 3 (29:32):
Sorry, a couple of things too unpack there. There's politics
involved in everything tied to the border. But all of
a sudden, President Biden, as a're getting closer and closer
to November, and poll after poll shows how much Trump
is just crushing him on American's faith and who they
(29:53):
think can.
Speaker 4 (29:54):
Solve the border crisis.
Speaker 3 (29:55):
All of a sudden, now he takes this action and
political involved in that. And really it's not even so
much about November, this move by Biden to issue this
executive order that originally he said he couldn't issue. What
this is really about is the debate that we have
(30:15):
coming up in a couple of weeks, because this gives
Biden the chance to stand on that debate stage and say, hey.
Speaker 4 (30:21):
I'm doing something, doing something and getting something done.
Speaker 3 (30:25):
But I don't think anybody is going to buy the
fact that Biden is like stronger on the border than Trump.
And if he was really serious and really wanted to
solve the problem, wasn't even doing the past couple of years.
I mean, it's just got worse, nothing right. So taking
action a while ago and really honing in on this,
I mean that would have given us a sense.
Speaker 4 (30:46):
That he was serious about it.
Speaker 3 (30:48):
This, this has got politics written all over it. One
more thing we want to get to before we wrap
up here. The Hunter Biden gun trial continues this morning.
In fact, I think it just got underway, and it
sounds like, according to Hunter Biden's defense team, he's not
going to testify, which is no surprise. But there were
some interesting developments that took place on Friday that I
(31:11):
want to go back to.
Speaker 5 (31:11):
Yeah, So Naomi Biden, Hunter's thirty year old daughter. They
put her on the stand thinking that she would be
able to make the jurors sympathetic to him. She testified
that when she visited him while he'd been going to
rehab in California in August of twenty eighteen, just a
couple of months before he bought the gun, that he
appeared to be the clearest he had been in years,
the clearest he'd been since his brother Bo had died
(31:33):
of brain cancer. She pointed that out. She said she
was proud of him and that he was doing great,
and she was hopeful that he was on a good path.
Then came the texts from prosecutors, and apparently he was
in New York City the week that he bought the gun,
and Hunter texted Naomi and wanted to swap out Joe's
Cadillac with a truck that Naomi had borrowed. They were
(31:55):
just going back and forth in these text messages about
changing out these vehicles, and then Hunter stopped responding to her,
and then she received messages from him around midnight and
at two am, and then at some point during the
back and forth, she said no, so no SeeU, adding
a sad emoji, and she said, I just can't take this.
I just miss you so much. I just want to
(32:16):
hang out with you. And he responded, I'm sorry. I've
been so unreachable. It's not fair to you. So those
text messages did not make him look like he was
in a good place at all.
Speaker 3 (32:27):
Yeah, except the defense is arguing that at that moment
when he filled out that form, yeah, he wasn't an addict.
I mean, and we talked to a legal analyst earlier
in the show Royal Oaks and he broke down. That's
essentially the argument on the part of the defense, and
with closing arguments coming here probably at some point today.
(32:49):
That's what they're going to try to lay out that
in that exact moment that day, Yeah, he didn't consider
himself an an addict, and therefore he wasn't lying on
the farm, even though like all the other testimony, all
the other information that we have, I mean, now.
Speaker 5 (33:09):
Even the testimony from his daughter that was supposed to
help him is not really working in his hair.
Speaker 4 (33:14):
And why wasn't he responding to or was he doing.
Speaker 5 (33:17):
I mean, maybe he was just with a prostitute, but
he wasn't doing crap.
Speaker 4 (33:21):
And that's that's a defense. That is a defense. We're
all in this together.
Speaker 2 (33:26):
This is your Morning Show with Michael Enhild Joan Now
Hi, It's Michael. Your morning show airs live five to
eight am Central, six to nine Eastern and great cities
like Memphis, Tennessee, Telsa, Oklahoma, Sacramento, California. We'd love to
be a part of your morning routine, but we're happier
here now. Enjoy the podcast.
Speaker 2 (00:16):
Starting your morning off right. A new way of talk,
a new way of understanding because we're investigation. This is
your Morning Show with Michael Belle John.
Speaker 3 (00:31):
Welcome to the show on this Monday, June tenth, I'm
Ryan Gorman with Danna McKay and Chris Trankman from our newsroom.
Speaker 4 (00:37):
Coming up this hour.
Speaker 3 (00:38):
In about a half hour, we're going to recap the
main job support which came out on Friday, and we'll
break down how could impact the Federal reserves decision on
interest rates. We'll have market expert Jay Ratliffe on with
us for that. Right now, let's get into some of
today's top stories. Good morning, Chris, Good morning. Former President
Trump's probation interview is set for today following is criminal
(01:00):
conviction in the hush money case. The interview is a
standard part of the sentencing process for felony defendants convicted
in New York State Court. Trump will sit for the
interview virtually from mar A Lago and Palm Beach in
a zoom call or something like it. According to NBC,
the interview comes less than two weeks after a New
York jury found Trump guilty on all thirty four counts
(01:23):
of falsifying business records to cover up a hush money
payment with an intent to unlawfully influence the twenty sixteen
presidential election. I'm sure Trump's going to love that. I
wonder what some of the questions are during the interview, like,
how is that going to go?
Speaker 4 (01:37):
What do they ask him?
Speaker 3 (01:39):
Well, he's going to have his attorney sitting in with it,
and he had to ask that as a special request.
Normally this is a fairly informal process, but it is required.
They're probably just going to talk to him about what's
next and what he has to deal with upcoming. Obviously,
the most important thing for him will be the sentencing,
which takes place just a few days before the Republican
(02:00):
National Convention in July YEP, and then he can go
and start on the appeals process.
Speaker 4 (02:07):
I would not want to be that probation officer.
Speaker 5 (02:09):
No, that's gonna be intimidating.
Speaker 3 (02:13):
Yeah, it's like I wouldn't want to be a judge
in one of these cases, or adjuring one of these cases,
are a prosecutor or anybody connected to any of those people.
Speaker 4 (02:20):
I wouldn't want to be the probation. Well, you know
what those zoom calls. You can put like a filter on.
Speaker 3 (02:23):
Maybe you can put like the cat the cats alter on,
lighten things up. That is gonna be something, all right,
So we've got that happening, tom.
Speaker 4 (02:33):
I'm sure Trump will tell us all about how it
went too social and all cats. That's right? Yeah, what
else is going on? Chris Well?
Speaker 3 (02:42):
A chain of connected banners about a mile long circled
the White House on Saturday, was carried by protesters taking
part in a large demonstration against Israel, during which President
Biden was repeatedly accused of supporting genocide and there were
chants rejecting a two states and calling for into fada.
Speaker 4 (03:02):
In the streets of DC.
Speaker 3 (03:03):
Protesters set off smoke, they led chance, they carried signs,
and even had a red sign that was used to
surround the White House. The protesters saying that they want
to take back forty eight and that refers to the
founding of Israel in nineteen forty eight. Yeah, and these
protesters also oppose a two state solution. They believe in
getting rid of Israel altogether. Right, they're full on, we
(03:26):
want to kill the Jews essentially. I mean, you know,
that's basically the message. They're full on from the river
to the sea. They just want to wipe out Israel
and end of story.
Speaker 5 (03:38):
Well, and they also completely vandalized a statue near the
White House and wrote death to America on it. And
America is spelled with three k's in the middle too,
So yeah, so they also did that.
Speaker 4 (03:49):
Yeah, looking at the video of that right.
Speaker 3 (03:50):
Now, I know they know where they're coming from. Yeah, yeah, yeah,
I know. They were burning American flags. Here's some of
the chants that you could hear. Again, this is right
outside the White House, chanting for Hesbalah. They want to
(04:16):
kill all the Israeli soldiers. And then you've got this
going on, and a lot of them played dress up,
so they were dressed up as their favorite terrorist organization.
There was that going on, you know, on the college campuses.
(04:37):
We did have some protesters who they were pretty openly
supporting Hamas, but you had a lot of protesters who
were out there who seemed to be dopey kids to.
Speaker 5 (04:49):
Some of them didn't even know why they were protesting.
Speaker 3 (04:51):
Remember that clip where they were asking the two girls like, hey,
what are you doing out here?
Speaker 4 (04:56):
Like I don't know?
Speaker 6 (04:56):
And do you know?
Speaker 4 (04:58):
Yeah, I were here.
Speaker 3 (05:00):
I want to do with the Middle East, But sounded
like a party. So we came out of here. This
protest that took place right out of the White House.
This was just in support of terrorist groups. I mean
it was pretty blatant what the message was and alarming too. Yeah.
Speaker 5 (05:14):
I also saw on x somebody had a sign with
the F word that's a bad word for homosexual for
hamas nice like, oh my gosh, wait what does that mean?
Speaker 3 (05:25):
Which is really hard to wrap your head around. Like
the Queers for Palestine that's what they call themselves. Because
I just want to say, why don't you go over
there and see how that turns out for you? Because
I tell you what, if you go over to Israel
and you're open about who you are, you'll be all right.
You walk into Gaza, look out, Yeah, I'm gonna go.
Speaker 4 (05:45):
So well for you. What are you talking about?
Speaker 3 (05:47):
It's it's incredible Yeah, they're definitely on the extremism side
of this issue. And you know, all over the country
we've seen such a response to this, you know, war
in Gaza between and you know the Hamas and Israel.
But if you look at, you know, certain levels of
the protest, this was obviously on the far end of
extremism and clearly the kind of protesters that really don't
(06:12):
want a peaceful resolution at all, exactly.
Speaker 5 (06:15):
No, what else scares me too, is how many people
were there. Like, looking at these videos, there's just a
flood of people. It's not just like a handful, there's
a lot.
Speaker 3 (06:24):
Right, this was This was the most extreme protest that
I've seen up to this point. But hopefully, like those
protesters at Columbia, somebody came and fed them because you know,
remember the Columbia student they were starving.
Speaker 4 (06:38):
Yeah, they were, they were famished, So hopefully they wanted.
Speaker 5 (06:41):
Their meal plan. Well, at least the protesters at Princeton though,
when they went on a hunger strike, Yeah, they rotate
after they got hungry. They just had new people come in.
Speaker 4 (06:48):
Yeah, anybody hasn't heard that story.
Speaker 3 (06:50):
Yeah, that was one of our favorite stories of the
past couple of weeks where at Princeton they had hunger
strikers and then they like they passed the baton to
the next round of hunger strikers when they got hungry.
Speaker 4 (07:02):
And they're like, all right, you're next.
Speaker 3 (07:05):
Yeah, I'm not quite sure that's how it's supposed to work.
All right, what else we have this morning press? The
USA Basketball has reportedly chosen the twelve woman roster for
the Olympic team in Paris. It does not include one
of the biggest names in the sport. The roster to
go to the Olympics for this year is a collection
of w NBA superstars, including Aga Wilson, Brianna Stewart, Sabrina Ionescue,
(07:29):
Britney Griner, and Moore. But Caitlin Clark, the Indiana Fever
rookie guard who entered the WNBA after the historic college
career at Iowa, was not selected to go to the Olympics. Now, overall,
Team USA on the women's basketball side totally dominant in
the Olympics, winning the last seven gold medals and just
(07:52):
you know, total annihilation of the of the Olympic teams
that are put up by other countries, and you know,
they don't get the same attention. This is probably one
of the biggest stories you've heard about the women's Olympic
team in quite a while, and it involves somebody's not
going to even be on the team exactly. And that's
why to me, it was a mistake to leave rough team.
Look to put her on the team, you were going
(08:12):
to leave off somebody who's maybe more deserving in terms
of their WNBA career. But I think if you're USA Basketball,
if you're the WNBA, you have to look out for
the sport as a whole.
Speaker 4 (08:26):
And there's no question the ratings. Yeah, your money, the money, it.
Speaker 3 (08:31):
Would have been so much more if Caitlin Clark was
on the team. It just seems like they dropped the ball.
There have been a number of things I just haven't
understood about all of this where doesn't feel like they're
taking advantage of this moment as much as they could be.
Speaker 5 (08:48):
No, they aren't at all, And they're letting some of
the other players who are haters come down on her.
Speaker 3 (08:52):
And it's not even like you couldn't justify putting Caitlin
Clark on the team because she is the greatest. I mean,
I know there are some arguments about maybe one or
two other women's basketball players college basketball players in the past. Well,
she's the all time leading school exactly right, So you've
got that. I mean, I would say she'd be a
better fit than Christian Latner was. Remember him on the
(09:13):
Dream Team.
Speaker 4 (09:13):
That was.
Speaker 3 (09:15):
Instead of like Shack or someone else that was bizarre. Yeah, Well,
here's the thing. I mean, if you look at her
WNBA stats, she has struggled a bit in the pros
so far. I mean, you look at Wilson, who's on
the Olympic team. She leads the WNBA scoring twenty eight
points a game, right, Caitlin Clark is fourteenth, scoring fourteen.
Speaker 4 (09:35):
Point eight points.
Speaker 3 (09:36):
Yeah, so she's obviously going through the adjustment that you
go through you when you jump from the college to
the pros. I mean, they're just better players in WNBA
that she's dealing with. So you could argue, just like
you said, there are better players out there right now,
but there aren't bigger players, no, because Ja arenas setting
ratings records. I mean, it is what it is, and
there's no question it's her that's driving this. So I
(09:59):
think that was a missed opportunity for USA Women's Olympic basketball.
Chris Trankman with today's top stories. Chris, thanks so much,
Thank you.
Speaker 4 (10:06):
Still to come.
Speaker 3 (10:07):
Why the first lady has been traveling so much and
how much that's costing taxpayers. That's a few minutes away
on this Monday, June tenth. Right now, let's get to
another trending story for you. And this is one of
those where I hear it and gotta be honest, I
don't feel bad, No, not at all.
Speaker 4 (10:26):
This is called karma.
Speaker 5 (10:27):
So Larry Nasser, the former Team USA gymnastics doctor who's
spending the rest of his life in prison for sexually
abusing gymnasts, He's apparently paying for protection by gang members
by doing sexual favors. This according to a fellow inmate,
who said Larry Naser has decided that bleeping bleep is
a good way to stay alive, and the inmate called
(10:47):
him a scared little church mouse and said that sometimes
what they expect him to do in exchange for being
protected sounds worse than the idea of being stabbed and
killed in prison, and that these gang members force him
to perform favors as a way of humiliating and degrading
him for what he did to those girls.
Speaker 4 (11:08):
You know, it was interesting.
Speaker 3 (11:09):
Bill Maher on his show on Friday night he did
a close where he talked about rape in prison and
all of that, and it was really interesting. If if
anybody wants to check it out, just you know, seart
for Bill Maher on social media. You'll find the clip
of it. But in this instance, first of all, just
looking at Larry Nasser, I mean, he knew he wasn't
(11:29):
going to do well, not at all in prison.
Speaker 5 (11:31):
And then on top of that his crimes against girls. Yeah,
those people don't do well.
Speaker 3 (11:37):
Nope, exactly, and and so not really all that surprising.
And you see you don't shed a tear for no,
not somebody as evil as him.
Speaker 4 (11:48):
And it's karma. That's exactly right. It's definitely karma.
Speaker 2 (11:52):
This is Your Morning Show with Michael del Chona.
Speaker 3 (11:57):
First, Lady Jill Biden, Doctor Jill Biden showing up to
the trial as much as she has, obviously offering some support,
at least we think because based on some of the
revelations that we learned, some of.
Speaker 5 (12:08):
Those text messages messages Hunter had sent about her that
were not very nice at all.
Speaker 4 (12:13):
I'll calling her the C word and other things.
Speaker 5 (12:15):
Questioning her intelligence as a teacher, saying that he's smarter.
Speaker 4 (12:19):
Than her exactly.
Speaker 3 (12:20):
I wonder if she's there for support or to see
him go down, be perfectly honest. Let's go to the
hotline now and bring in our White House correspondent John Decker,
who joins us to talk about the First Lady's travel
these days.
Speaker 4 (12:33):
And John, she's been all over the place, well she has.
Speaker 6 (12:36):
Let's talk about her travel. Last week. Monday, Tuesday, and
Wednesday of last week, she was in Wilmington, Delaware in
a federal courum supporting Hunter Biden, her step son. Then
Wednesday night of last week, she flew over to join
President Biden in France for the eightieth anniversary commemoration of
the D Day Invasion. Then she flew back to Wilming,
(13:00):
Delaware from France to be in the courtroom on Friday,
and then Friday night lives back to France to join
President Biden in France for a state visit hosted by
French President Emanuel mcbrunt, and then yesterday flying back with
the President to Wilmington, Delaware again. She'll be in the
courtroom again supporting Hunter Biden when his trial continues this morning.
Speaker 3 (13:24):
That's interesting that she was in France, goes back to
Delaware for the Trump then back to France.
Speaker 4 (13:31):
I wonder why. I mean, I feel.
Speaker 5 (13:33):
Like it's really important that she's there for her stepside.
Speaker 6 (13:36):
I guess, well, I don't fall her for that in
any way. It's just that, you know, all of this travel,
it's paid for by the American tax payer. She travels
on government aircraft, which is obviously the reason for that
is security reasons. But you know, when President Trump was
(13:57):
in office is four years in office, and he flew
down on long weekends down Tomorrow lago. That certainly was
personal travel. But you know he's president twenty four hours
of the day, and that's the reason why he did
not reimburse the government for his air travel. Similarly, the
first Lady is not going to be reimbursing the government
(14:18):
for these back and forth trips between France and Wilmington,
Delaware that took place last week. You know, I think
that you know, that's a question that I leave it
to people like us whether or not you think that
she ought to reimburse the government for that, clearly personal travel.
Speaker 3 (14:35):
Now, luckily for her, she's not going to have to
go back and forth too much moving forward. Because this trial, John,
because you've been following this closely as well, it's likely
going to wrap up pretty quickly this week, correct, it is, so.
Speaker 6 (14:49):
As you know, it's the opportunity for the defense to
put on their case. So we heard on Friday from
Naomi Biden, the daughter of Hunter Biden. I don't know
if we'll see addition witnesses. We'll learn that shortly this morning,
and we'll also learn whether or not Hunter Biden will
take the stand in his own defense. I don't think
that's going to happen. And if all of that means
(15:11):
that this case is wrapping up for the defense, that
means we'll see likely closing arguments happen as early as tomorrow,
and the jury, that twelve person jury could get this
case as early as Wednesday of this week. So by
the end of this week we could actually have a
verdict in that case, just like we quickly saw a
verdict happen in Donald Trump's criminal case happening in Manhattan
just a few weeks ago.
Speaker 3 (15:32):
All Right, our White House correspondent John Decker with us
this morning. John, really appreciate the update. Thanks so much.
Speaker 6 (15:38):
Thanks Ryan, Bye, Bye.
Speaker 3 (15:39):
I feel like the first Lady is one where she
was on a Southwest flight?
Speaker 4 (15:46):
Would you think anything of it?
Speaker 3 (15:47):
Like, do you think you'd notice Jill Biden sitting right there?
Speaker 5 (15:51):
Probably not, to be honest with you, Yeah, I don't
think so. If it was Melania Trum, I think we
would notice Melanni.
Speaker 3 (15:58):
You would notice Michelle Obama, you would notice, I feel like,
But Jill Biden. I feel like if she, I don't know,
wore a hat and had like a book or something.
Speaker 4 (16:09):
In her hand, like, you wouldn't think anything of it. Yeah.
Speaker 5 (16:11):
If she tried to dress a little less like Vice
or you know, like first Lady is she, you probably
wouldn't notice her. She could just slip right on his
south West flight and nobody would know.
Speaker 3 (16:21):
That's why here should cost some taxpayer so much. Take
it on the next Jet Blue flight and try that instead. A.
Speaker 1 (16:26):
Hi, it's Michael. Your morning show could be heard live
weekday mornings five to eight am, six to nine am
Eastern and great cities like Tampa, Florida, Youngstown, Ohio, and
Oklahoma City, Oklahoma. We'd love to join you on the
drive to work live, but we're glad you're here now.
Enjoyed the podcast.
Speaker 3 (16:42):
Ryan Gorman here with Danny McKay and now let's go
to the hotline and bring in our market and air
travel expert, Jay Ratlift. You can find online at Daytrade
Fun dot comic and that's Daytrade Fun dot com and Jay,
let's start with the May jobs report, adding two hundred
and seventy two thousand jobs in May. That was well
above the one hundred and ninety thousand that economists had anticipated.
(17:06):
So another pretty hot jobs report.
Speaker 7 (17:10):
Yeah, for sure. And the news came out, it was like, hey, great,
the numbers seeded what we were expecting or is it great?
Because we're trying to determine exactly how the Fed's going
to respond to this kind of news, and you know,
Wall Street, the news is greeted with, I think it's
fair to say mixed results. The DAL closed slightly down
for the day, and that tells me there was a
lot more concern than there was excitement over this because
(17:32):
there's a lot of things to read into this report,
and obviously how the Fed's going to respond is going
to dictate what the next you know, STEP's going to
be with regards to the interest rate watch that we
have going on right now.
Speaker 4 (17:43):
You know, when you dive a little bit deeper.
Speaker 3 (17:46):
One of the other headlines was that the jobless rate
picked up just tad so that was notable. Also, the
average hourly earnings solid number there. What I thought was
interesting was women's employment hitting a new record high. Over
(18:06):
seventy five percent of all women age twenty five to
fifty four were working in that May report, which is
a record high. And that's part of the economic picture
that sometimes, you know, maybe doesn't get as much attention,
but it's definitely notable. And I wonder how much of
that has to do with some of the changes, some
of the shifts that came as a result of the pandemic,
(18:29):
with hybrid work being something remote work that more and
more employees are able to do, and in some of
those cases that alleviates the childcare issue that at times
occasionally held women back from entering the workforce.
Speaker 7 (18:46):
Well. Absolutely, In fact, the pandemic it was a pivot
point for a lot of businesses and certainly families when
they had to adjust going into the pandemic and then
looked at ways that they could adjust coming out of it,
with many of them working from home and doing different
things and when you see the number that you'd mentioned
as far as that workforce participation rate on the female
(19:09):
side of things, that's I think telling for a lot
of the things that you had mentioned, and I think
it's also a reflection of a lot more businesses that
have tried to as much as possible to accommodate the
worker that wants to work at home. We went from
the pandemic time everybody work at home, no one come
to the office, to kind of, okay, the pendulums wong
big time the other way, where businesses were demanding the
(19:30):
people return back to the office. And I think that
we've reached a point where we're kind of trying to
find that middle ground and where businesses are understanding, okay,
we can kind of have a give and take here,
and I think that's reflected in the jobs report as well.
And I think it's a good thing because anytime that
you can save money from childcare, parking, the gas, all
(19:51):
the other things that are associated with that kind of
a commute type of thing, it's certainly a good news
for those that are working and ryan during a time
when inflation is going like it is. Any single bit
we can give to the people that need it the most,
I think is a certainly a very good thing.
Speaker 3 (20:06):
Exactly, I'm waiting for our bosses to come to us
and try to find that middle ground.
Speaker 4 (20:10):
So far, I'm here in the studio with day and
every single day.
Speaker 7 (20:13):
Over here to my friends.
Speaker 3 (20:17):
Let's go back to the Federal Reserve and how they're
going to digest this major ox report, because again, that's
a big part of all of this, this question as
to whether or not there's going to be a continued
pause on interest rates moving one direction or another, or
if a cut could be coming at some point this year.
Speaker 4 (20:39):
I'm figuring this probably.
Speaker 3 (20:41):
This report keeps the Federal Reserve where they're at, not
making any move in the near future.
Speaker 7 (20:48):
So I certainly agree with you wholeheartedly. And then when
we get the CPI numbers on Wednesday, the same day
that the Fed concludes that two day meeting, it's gonna
be interesting to see what is going to come from that,
because you know, the word that the Fed chair pal
continues to use is substantial. He wants to see substantial
movement towards the target inflation number of two percent, and
(21:09):
so far the movement this year has been at the
pace of a sloth and it really explains why in
a year when some are looking for these six or
seven massive interest rate cuts to instead not even having
seen one yet. And right now Wall Street's counting on
one cut this year and hoping for two, and they're
really hoping the comments of following the Fed's two day
meeting on Wednesday can provide a few of the many
(21:33):
answers that they're looking for right now as far as
what the next step is going to be.
Speaker 3 (21:37):
And you've got a lot of people in a holding
pattern because of all of this. I was talking to
a couple over the weekend and they've basically, you know,
outgrown their current home, would like to move into a
bigger one, but right now he going to make that move.
With interest rates where they are, with housing prices in
many parts of the country where they are, You've I
think you've got a lot of people who would maybe
(21:59):
move over or buy something new or build something where
they're just kind of sitting back and waiting to see
how things unfold. And it's not just Wall Street that's
keeping a close eye on what the cutter Reserve might do.
You had the thirty year fixed mortgage rate that fell
back under seven percent last week, which is a good sign,
but that's in large part due to optimism that at
(22:21):
some point those rate cuts are going to come.
Speaker 7 (22:23):
Yeah, and Ryan, coming out of the pandemic, when we
had the interest rates as low as they were, you're
talking about three percent, under three percent, close to three percent.
I think, sadly, what's happened from that is it's given
the impression that sometime very soon we could return to
those days. And you know, I'm an individual that looks
at that and saying, Wow, that was a once in
a lifetime event. I'm glad people were able to capitalize
(22:45):
on it at the time. But if I'm sitting around
waiting for a return to three percent and I'm not
going to jump on a six or a five or
even under five thinking it's got to go lower, I
really think that's a disservice because you have to look
at everything that caused them at that made that occur.
And sadly, I think a lot of people look at
that and they're not going to budge on anything until
(23:07):
they see it moving in that direction. And sadly, I
think that's going to be a long wait, because I
simply don't see those days returning absence some sort of
a unforeseen crisis, you know, impacting us.
Speaker 3 (23:17):
Once again, we're joined by our market and air travel expert,
Jay Ratliff. I'm Ryan Gorman with Dana McKay. You can
find him online at daytradefun dot com. Let's switch to
some aviation stories, and of course here we have to
start with the Boeing flight that had flames coming out
of the back of the plane.
Speaker 4 (23:34):
What happened there.
Speaker 7 (23:36):
You know, I mean to me it wasn't a big deal.
Of course, Look I wasn't on the plane. I guess
it was. It was a plane that backfired. I mean,
it had a compression failure on the aircraft, the starboard
engine on the right side, and it sputtered and failed.
The video was dramatic, especially at night. You've got the
(23:56):
flames from that engine malfunction that were clearly visible. But
look the crew slimsully touched down the engine, they circle
back and they land with really no incident. Passengers are
put on another flight. I'm getting text about Javis life threatening,
terrifying departure out of Toronto. I'm taking it, well, that's
not really the case, because these flight crews are so
well trained. Part of their pre departure of briefing is
(24:18):
they're going through, Okay, once we reach the rotation point
where we leave the ground, we pass that point of
no return. If we have an engine failure, how are.
Speaker 4 (24:26):
We coming back?
Speaker 7 (24:26):
Which runway are we going to do? Who's going to
be in control? They go through all of those things
on every single departure so that when you have a
situation like this happened, which is critical because look, this
is the most critical time of any flight operation. You're
taking off with a fully fueled aircraft. They've already worked
out the details on what's going to happen. It's not
like the emergency happens, it's like, oh crap, what do
(24:49):
we do now? This is a rehearsed scenario that they
go through before every departure, and for them it was
another day at the office. I know it wasn't for
the passengers, but you know, a a scale of anxiety
one to ten. If I'd have been on that plane,
it might have been a three and a half or four,
because as long as they can shut that engine down,
that's fine. My biggest concern would have been had the
(25:10):
engine just stopped and not had any sort of mechanical issue,
because then I'm worried about contaminants in the fuel, like water,
which could cause the one working engine to stop. Those
planes can fly coast to coast on one engine, so
I'm not worried about that. But yeah, I mean, we
did get an interesting video and people are, oh, yeah,
very interesting story.
Speaker 3 (25:29):
I love how calm, cool and collected you are about
the story. The New York Post headline was flames shoot
from airpan and a bowing jet moment after takeoff, and
they quoted somebody saying, we've got an engine fire.
Speaker 5 (25:39):
Holy crapil I mean, that would be my reaction.
Speaker 7 (25:46):
Look, I've been I've been at you know, the decades
I was with Northwest. We would have airplanes that would
take off that would have issues, and you'd be talking
to flight crew about them coming back. It was like, oh,
you know, they're circling back to the house because they
forgot to pick up the milk or something. And to look,
a lot of these men and women are former military,
and they are incredibly well trained, and when this type
(26:06):
of situation comes up, it's nothing compared to some of
the things that they've had to deal with in their career,
and that's one of the reasons I'm really disappointed we've
not given them the ability to retire at an age
past sixty five. I think that's such an injustice because
they should be allowed to continue until sixty seven, sixty eight, whatever,
as long as they are flight ready as far as
(26:28):
physically mentally to be able to do so. Because a
lot of these pilots had to give up some of
their retirement over these leaner years in the past, it
would be great to give them the opportunity if they
wanted to to work those extra couple of years. And sadly,
the popes in Washington, DC are doing what they do
so well. Absolutely nothing on it, and the proposal on
that's gone nowhere.
Speaker 3 (26:49):
That's incredible, how calm, cool and collected they are in
those moments, kind of like I am.
Speaker 4 (26:52):
When things go wrong here at the radios things they
really are.
Speaker 5 (26:55):
Actually, Yeah, when the mic is on, as soon as
it goes off.
Speaker 4 (27:00):
Care about it.
Speaker 7 (27:02):
Is when I'm driving down the road.
Speaker 3 (27:05):
Our market and the air travel expert Jay Ratliffe with
us this morning. You can find him online at Daytrade
fund dot com. Chase thanks so much, really appreciate it.
Speaker 7 (27:14):
Anytime, my friend, Thank you.
Speaker 3 (27:15):
All right, still to come, Democrats are defending President Biden's
executive order on immigration. We're going to tell you what
one senator had to say in particular.
Speaker 4 (27:23):
It's a few minutes.
Speaker 3 (27:23):
Away on this Monday, June tenth. I'm Ryan Gorman with
Dana McKay in for Michael del Jorno. And right now,
let's get to another trending story, this one evolving the
city of San Francisco doing something that's going to make
the rest of the country shake it's head.
Speaker 5 (27:38):
Oh yeah, So they just opened their first free food
market where approved residents can show a benefits card but
whatever they want in their shopping.
Speaker 4 (27:45):
Cart and leave without paying. Nice.
Speaker 5 (27:48):
Now, they do have to check out to keep track
of what's going out, okay, but they don't pay for it.
Speaker 4 (27:56):
It was just free.
Speaker 5 (27:57):
So it costs the taxpayers five point five million dollars.
And they did this because they don't want people to
feel like they're going to a food pantry.
Speaker 3 (28:07):
I'm wondering, how is this different from what people in
San Francisco are already doing when they just walk into
these stores and they take everything and walk out without
paying for it.
Speaker 4 (28:17):
Anyway, Well, that's.
Speaker 5 (28:18):
Actually why they had to do this and invest in this,
because there's no supermarkets in that area anymore, or Walmarts
or targets or anything, because they've all closed up shop
because of the crime.
Speaker 6 (28:29):
I am Actress Lie Savarga, and my morning show is
Your Morning Show with Michael Deljordo, Ryan.
Speaker 4 (28:35):
Gorman here with Dana McKay.
Speaker 3 (28:37):
Democrats are defending President Biden's executive action to limit the
number of migrants who can claim asylum between ports of
entry at the US Mexico border. Delaware Senator Chris Coons
told CBS to Space the Nation, Biden actually wants to
solve the border crisis.
Speaker 7 (28:53):
So there's a.
Speaker 8 (28:53):
Stark difference in the values that President Biden and former
President Trump bring to trying to address the issue of
border secure and immigration.
Speaker 3 (29:01):
Kon's told CBS has Face the Nation, Biden has repeatedly
tried to put forth the solution to the border crisis
and has been repeatedly rebuffed.
Speaker 8 (29:09):
President Biden has time and time again asked Congress to
enact a broad solution to our border security and immigration challenges.
Speaker 3 (29:18):
And he contrasted Biden's efforts to address border security with
former President Donald.
Speaker 8 (29:22):
Trump's President Biden is moving ahead with forceful leadership at
securing our border. President Trump is simply making a political
issue of this.
Speaker 3 (29:32):
Sorry, a couple of things too unpack there. There's politics
involved in everything tied to the border. But all of
a sudden, President Biden, as a're getting closer and closer
to November, and poll after poll shows how much Trump
is just crushing him on American's faith and who they
(29:53):
think can.
Speaker 4 (29:54):
Solve the border crisis.
Speaker 3 (29:55):
All of a sudden, now he takes this action and
political involved in that. And really it's not even so
much about November, this move by Biden to issue this
executive order that originally he said he couldn't issue. What
this is really about is the debate that we have
(30:15):
coming up in a couple of weeks, because this gives
Biden the chance to stand on that debate stage and say, hey.
Speaker 4 (30:21):
I'm doing something, doing something and getting something done.
Speaker 3 (30:25):
But I don't think anybody is going to buy the
fact that Biden is like stronger on the border than Trump.
And if he was really serious and really wanted to
solve the problem, wasn't even doing the past couple of years.
I mean, it's just got worse, nothing right. So taking
action a while ago and really honing in on this,
I mean that would have given us a sense.
Speaker 4 (30:46):
That he was serious about it.
Speaker 3 (30:48):
This, this has got politics written all over it. One
more thing we want to get to before we wrap
up here. The Hunter Biden gun trial continues this morning.
In fact, I think it just got underway, and it
sounds like, according to Hunter Biden's defense team, he's not
going to testify, which is no surprise. But there were
some interesting developments that took place on Friday that I
(31:11):
want to go back to.
Speaker 5 (31:11):
Yeah, So Naomi Biden, Hunter's thirty year old daughter. They
put her on the stand thinking that she would be
able to make the jurors sympathetic to him. She testified
that when she visited him while he'd been going to
rehab in California in August of twenty eighteen, just a
couple of months before he bought the gun, that he
appeared to be the clearest he had been in years,
the clearest he'd been since his brother Bo had died
(31:33):
of brain cancer. She pointed that out. She said she
was proud of him and that he was doing great,
and she was hopeful that he was on a good path.
Then came the texts from prosecutors, and apparently he was
in New York City the week that he bought the gun,
and Hunter texted Naomi and wanted to swap out Joe's
Cadillac with a truck that Naomi had borrowed. They were
(31:55):
just going back and forth in these text messages about
changing out these vehicles, and then Hunter stopped responding to her,
and then she received messages from him around midnight and
at two am, and then at some point during the
back and forth, she said no, so no SeeU, adding
a sad emoji, and she said, I just can't take this.
I just miss you so much. I just want to
(32:16):
hang out with you. And he responded, I'm sorry. I've
been so unreachable. It's not fair to you. So those
text messages did not make him look like he was
in a good place at all.
Speaker 3 (32:27):
Yeah, except the defense is arguing that at that moment
when he filled out that form, yeah, he wasn't an addict.
I mean, and we talked to a legal analyst earlier
in the show Royal Oaks and he broke down. That's
essentially the argument on the part of the defense, and
with closing arguments coming here probably at some point today.
(32:49):
That's what they're going to try to lay out that
in that exact moment that day, Yeah, he didn't consider
himself an an addict, and therefore he wasn't lying on
the farm, even though like all the other testimony, all
the other information that we have, I mean, now.
Speaker 5 (33:09):
Even the testimony from his daughter that was supposed to
help him is not really working in his hair.
Speaker 4 (33:14):
And why wasn't he responding to or was he doing.
Speaker 5 (33:17):
I mean, maybe he was just with a prostitute, but
he wasn't doing crap.
Speaker 4 (33:21):
And that's that's a defense. That is a defense. We're
all in this together.
Speaker 2 (33:26):
This is your Morning Show with Michael Enhild Joan Now
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