Tariffs meet market reaction and the personal fight between Trump and Powell…and Sounds of the day.
Inflation ticks up, and the uncertainty of tariffs is the clear reason why. We asked economist and money wiz David Bahnsen if there’s any for Trump to pivot to avoid continued market turbulence??
Always revealing and often entertaining, it’s The Sounds of The Day!
While most immigration headlines are focusing on deportations, there is also news from the border. National Correspondent RORY O’NEILL has the latest on the crackdown in places like California, Arizona, New Mexico and Texas.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hi, I'm Michael. I'd love to have you listen to
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listen live. But in the meantime, enjoy the podcast.
Speaker 2 (00:19):
Starting your morning off right. A new way of talk,
a new way of understanding, because we're in this together.
This is your morning show with Michael Dell Charny.
Speaker 3 (00:33):
I'm glad to though that it's just a ball that
I hear in.
Speaker 4 (00:38):
I thought it was just a crappy WiFi out here
in the boondog.
Speaker 5 (00:42):
Michael. Everybody's talking about your age and your pauses.
Speaker 6 (00:45):
Maybe we should call him the Man of Pauses.
Speaker 5 (00:48):
The next time Big John calls in, I'm going to
throw in a pause.
Speaker 1 (00:52):
You know, Big John has yet to respond to I
finally know what he looks like, and it's exactly what
I pictured. It was really kind of creepy, exactly how
I always pictured him, and then I saw him in
real life and it was the exact same like the turn.
Speaker 5 (01:04):
It's like no surprise. That's hard to do. You people
are as add as I am, or is.
Speaker 1 (01:11):
As anxious to talk about something different, as if it's
one of the two. If you're just waking up eight
minutes after the hour. Thanks for making us a part
of your morning routine. This is your morning show. It
belongs to you. That's why we can't have it without
your voice. Keep the talkbacks coming. Can also email Michael
d at iHeartMedia dot com, sad News Today. Singer actress,
top charting female vocalist in the fifties and sixties. Did
(01:34):
you know she's estimated to have sold over two hundred
million records worldwide. Connie Francis is dead at the age
of eighty seven. Sour on one Donny has gone to Washington.
Mister Commedy goes to Washington and gets all the googly
eyes from the socialist left.
Speaker 5 (01:53):
But how will to play throughout the party? That's a bit.
Speaker 1 (01:56):
Mixed And it's the Happiest day on Earth, turning seventy
Happy Place on Earth turning seventy Today. Disneyland opened its
gates for the first time to guests on this date.
In nineteen fifty five, well, we did see inflation tick
up just a bit this week. We presume that's continued
uncertainty over tariff's uncertainty always an enemy of the economy,
(02:19):
and David Bonson is our money wiz and our economists
joining us. David, any question in your mind that this
needs to a either be resolved or be The President
needs to find a way to pivot away from this,
and I wish he'd pivot away from Tariff's a way
he pivoted away from Epstein.
Speaker 5 (02:33):
Boy, I set you up, didn't.
Speaker 6 (02:34):
I got there's so much I could do with that.
Speaker 4 (02:38):
I do it, But I certainly wish you would pivot
away from the tariff's side. I continue to hope that
if nothing else, for political reasons, so'll end up doing so.
He has an opportunity to sort of do what he
does best, which is kind of make a big announcement
and spread the word of a deal that always he
could have gotten done and all that kind of stuff,
(02:59):
and then from there not go forward with a huge
cost increase to the American economy. The PPI number yesterday
was really telling because people were saying, oh, it didn't
move month over month, but they revised the prior month
up it had only been point one percent, and they
revised it to point three so significantly more than it
(03:21):
had been the month before. But more importantly, consumer electronics
elements in the wholesale side that are very tariff sensitive
were up almost one percent.
Speaker 6 (03:32):
On the month, massive amount of increase.
Speaker 4 (03:36):
So I do think there's price inputs because you always
let me, Michael will get into the economics of this stuff.
Speaker 6 (03:43):
Let me just say this isn't.
Speaker 4 (03:45):
Inflation as autonomous would define it, but it is absolutely
inflation as regular people defined it. Regular people think of
inflation as a price went higher and the fact that
a tariff would move.
Speaker 6 (04:00):
One thing higher but not necessarily another.
Speaker 4 (04:03):
People are correct, that's not really what we mean when
we've talked about monetary inflation, the whole price level going up, right,
But it's not going to matter politically When something is
more expensive because of a policy, that becomes problematic.
Speaker 5 (04:17):
So what's his endgame? I mean, where would he be
right now?
Speaker 1 (04:19):
If he hadn't created this, you'd have gas prices down
the borders, secured iron set back hamas pothies defeated. I mean,
that would have been a lot to get done in
the first six months. I don't know what is his endgame.
What does he think because all it's so far created
is market turbulence.
Speaker 6 (04:42):
Well, I think that's right.
Speaker 4 (04:43):
There are a lot of things that are really big
successes that he'd be able to celebrate more without some
of the self imposed problems. And I think that the
market uncertainly of the turbulence, this ongoing stuff he's trying
to do with the Fed.
Speaker 6 (04:59):
Will he won't he fire? And I mean.
Speaker 4 (05:02):
Very clear as could be here illegally fire J Powell.
That is not helping either.
Speaker 6 (05:08):
And so you know, let's do a little economics. What's
going on is that he wants the lower end of
the yield curve lower.
Speaker 4 (05:16):
What that means is you bond market all the short
term stuff, Okay, when your credit card rates, your car rates,
your h and certainly you know a lot of floating
rate bank debt, those things are very controlled by the FED.
Speaker 6 (05:31):
The FED sets the short term interest rate and then
a lot of other rates pivot off of it.
Speaker 4 (05:36):
But see the problem is that even if he gets
that what he's doing, and especially if you were to
go undermine FED independence, it pushes the longer rated bonds
ten year, thirty year, bonds higher, and so one hand
give it, the other hand take it away.
Speaker 1 (05:53):
So your credit card, your credit card interest rate would
go down, but your mortgage rate could go up.
Speaker 4 (06:00):
Well, that's exactly right, and really right now, we do
not have a problem in the economy at the rate
level other than mortgages. That's the issue that's creating most
of the drama. And so I think that President is
getting very good advice from Charaguer Secretary Scott Besson, who
(06:20):
continues to be the MVP of this cabinet. And I
mean that in a much more profound way than I
can even say on air, relative to some of the
other people in the cabinet. UH Secretary Veson's explaining this
to the President and he's and he's understanding it. He's saying,
you're gonna you're gonna do one thing that you think
helps you, but it's gonna do another thing a trade
off that hurts you more. And that has to be
(06:42):
the argument that wins in the end. So that's what
we're paying for.
Speaker 1 (06:46):
Visiting with David Bonson from the Bonson Financial Group. He
also presides over the Dividend Cafe at Dividendcafe dot com.
I recommend every Friday you read that it's brilliant stuff.
I'm gonna go back to my question again, and I'm
not implying an answer. I'm really asking at what point
has been sent done enough as the president realized enough
(07:06):
to begin to orchestrate to pivot away from this. I
keep asking you that every month, and he keeps not pivoting.
This would be a good time to start.
Speaker 6 (07:16):
Well, I would not say that he hasn't pivoting. Okay,
First of all, the biggest pivot of them.
Speaker 4 (07:21):
All came five days after April second, when he peeled
back what was essentially six hundred to seven hundred billion
dollars of threatened tariffs.
Speaker 6 (07:32):
Now, you're right.
Speaker 4 (07:33):
And he continues to throw out more threats like Hey,
this time, we really really mean it and we're going
to super duper do it. But he hasn't actually gone
forward with these unilateral sweeping tariffs.
Speaker 6 (07:45):
A threat of a fifty.
Speaker 4 (07:47):
Percent tariff on copper is one of the most bizarre
things he's done so far.
Speaker 1 (07:52):
First of allies run out of business that one, well, it.
Speaker 4 (07:56):
Will, and companies that make industrial machinery, companies that make
computer equips, and companies that make you know construction, you
talk about housing prices and copper. Is this perfect storm
We're on one hand, you can't say, oh, we need
for our national security to not be importing any copper.
We make fifty percent of it here in America. We
have plenty enough copper for our own military and you know,
(08:19):
emergency needs. And yet on the other hand, we don't
have enough for our commercial needs. So you're not benefiting
anything to critical infrastructure, and you are costing us a
lot commercially. So I just don't understand some of those things.
But again, if all of it is going to end
up being, hey, I got this deal South three, I
got this deal in Japan in the end, But what
(08:40):
he's learned the last couple of months is, first of all,
those deals take way longer than they told us, than
Howard Gutnik and Pete Nabarro told him, and the deals
are not really all that difference than what we had before.
And in the case of China, I can understand why
someone like me might be happy, but I don't understand
why the really raving MAGA people would be happy. They
(09:01):
were told what we're trying to do here is trade
less with China, because they're bad people. We're trying to
trade less with China because it's hurting American jobs. Then
he announces a deal. It's going to cause us to
trade more with China. They're going to sell us more
rare earth minerals and we're gonna buy and we're going
to sell them more semiconductors.
Speaker 1 (09:21):
That wasn't what people thought they were signing up for.
By that's happening. And the same thing with Epstein. You
get narrative over reality, narrative over strategy. I don't know
why they can't just explain things simpler, and then they're
playing in a matrix or people form immediate permanent positions
and then you can't deliver, so the communication has to improve.
Speaker 5 (09:41):
This is gonna be a tough one for you.
Speaker 1 (09:42):
I think the president's making it pretty clear he's not
going to fire the FED chair, But I think he's
also making it equally clear that he's probably not going
to renominate him as he did originally, which is kind
of a veiled threat, give me my interest rate cuts
between now in may or I'm not going to renominate
you. You would probably out of that. And he's not going
to fire him because he can't legally.
Speaker 4 (10:06):
Oh beause Michael, there is zero percent chance he was
ever going to renominate him, right right.
Speaker 1 (10:13):
But he's but here's the but here's it. Yeah, so
here's but here's the question. So the interest rate cuts
that we did get when Biden was president, there were
two or three, and that's when inflation was higher. What
what is their their justification? And by the way, I
also know that this is your wheelhouse. Don't necessarily root
(10:34):
for this in and of itself. I mean, just to
have a simple view, Oh, we need interest rates to
come down, not necessarily, but kind of explain that to everyone.
Speaker 5 (10:44):
Uh, the interest rates?
Speaker 1 (10:46):
Why would they lower him when inflation was higher, and
now that inflation's lower, they're refusing to And it seems
to be almost personal.
Speaker 6 (10:54):
Yeah.
Speaker 4 (10:54):
Well, first of all, if anything is personal here, it
might be the Presidented States saying that JAP is a
worse enemy of the country than g the president g okay,
I mean President Trump is who personalized this, not just now,
but infuation is not lower than it was when he
first cut the rates. We've been sitting as far as
(11:14):
their numbers, they're annual CPI. We've been sitting at about
that two point five to two point seven year over
year for a little it's been about a year, about
about ten to twelve months.
Speaker 6 (11:28):
But the rate was also a well over five.
Speaker 4 (11:32):
Percent, which was significantly more tightening than it is now,
so there's less of an emergency to give relief to
borrowers now.
Speaker 6 (11:42):
All about to say, I totally disagree with it.
Speaker 4 (11:44):
He should be cutting now, but the president cannot keep
saying the reason he should cut is because I want
lower rates, and because everybody wants lower rates, and he
should say, well, the economy he's going to take the economy.
Speaker 6 (11:57):
You can't say we desperately need lower rates.
Speaker 4 (12:00):
The economy is the strongest economy we've ever seen because
of all the things I've done. I would argue any
lower rates because they are unnecessarily above the natural rate,
which basically is meant to tighten. It's meant to compress
economic activity. I don't want dramatic reductions, but I do
think the rate should be lower, and that would help
with mortgages. But for those I just want to point
(12:21):
out with those say, well, this is political. He was
trying to help Biden before. What he did to Biden
was take a zero percent rate and move it to
five and a half percent, thicker than anyone has ever
raised rates in the history of our country, so I think.
And he also gave President Trump zero percent rates during
his first term.
Speaker 6 (12:43):
Look, he doesn't like Trump.
Speaker 4 (12:45):
Trump doesn't like him, and I think Pal is making
a mistake in not lowering rates now. But I don't
think it's political as much as he feels now.
Speaker 6 (12:55):
He can't do it because President Trump dared him to do.
Speaker 4 (12:59):
It's not right, but that's the trickiness of what we're
dealing with.
Speaker 5 (13:03):
David Bonson Bonson Financial Group.
Speaker 1 (13:05):
He also presides over the Dividendcafe at Dividendcafe dot com.
There's been some brilliant dies. What do we have tomorrow? Oh,
it's one of my favorite.
Speaker 4 (13:15):
We have a look back twenty five years ago at
the merger.
Speaker 6 (13:20):
Of AOL and Time Warner, the biggest debacle in corporate history.
Speaker 5 (13:27):
Oh I can't.
Speaker 6 (13:28):
Well, we'll get the last Sudan so we can learn
from it.
Speaker 1 (13:31):
Oh, I can't wait. David Bonson is always our pleasure.
Thank you so much.
Speaker 2 (13:37):
This is your morning show with Michael Del Trono.
Speaker 1 (13:42):
People convicted of fentanyl related crimes may now face much
harsher penalties.
Speaker 5 (13:46):
Mark Mayfield will explain.
Speaker 7 (13:48):
I think it's sign for President Trump's signed to bill
Wednesday targeting fentanyl trafficking and.
Speaker 4 (13:52):
Illicit drugs decimated American communities and left us with the
largest law enforcement challenge in our country's history.
Speaker 7 (14:00):
The family is impacted by the fentinl crisis. Stood behind
Trump at the White House bill signing ceremony. Trump said
his administration has declared an all out war against dealers
and traffickers. The halt all lethal trafficking of fentyl act
classifies all fentanyl related substances as Schedule one drugs. That
means harsher penalties for people convicted of fentanyl related crimes.
A Mark mayview.
Speaker 1 (14:20):
Speculation on the future of the Federal Reserve chair of
Jerome Powell had Wall Street experiencing a bit of whiplash yesterday.
Speaker 8 (14:26):
Initial reports that Trump's firing of Powell seemed imminent came
out during morning trading, sparking a mini selloff, But when
Trump clarified that he had no plans to fire Powell,
the markets quickly rebounded, proving the old axiom that investors
like certainty. The President has been highly critical of Powell's
refusal to cut interest rates.
Speaker 1 (14:47):
I'm Brian shook well. Mister Kami went to Washington. AOC
hosted the breakfast. Zoran Mamdami was there to court National Democrats,
and the socialist left loved him.
Speaker 5 (14:58):
But the rest of the party mixed results.
Speaker 9 (15:00):
Queens and Bronx Congresswoman Alexandria Acasio Cortes hosted a breakfast
meet and greet with Mom Donnie in Washington. Attendees included
locals who have already endorsed Mom Donnie, including Jerry Nadler
and Nidia Velasquez, and others from across the party. Concerns
about the Democratic Socialist were eased by AOC. California Congressman
(15:22):
Mark Takano told The Hill that AOC told them that
to voters under forty, the word socialism now means battling
corruption and fighting for workers. Andrew Whitman NBC News Radio
New York.
Speaker 1 (15:35):
With the most recent leg of his Let's Do It
Again Tour completed, the Great Peter Frampton says, Let's do
it Again.
Speaker 7 (15:53):
Crampton announced nine beats for this fall, beginning October the
seventeenth in New Orleans. He'll also play shows in Texas
and Oklahoma before wrapping up in the southeast. Brampton's final
stop will be at the hard Rock Live in Hollywood, Florida.
Speaker 5 (16:07):
I'm Mark Neathhew and that's your top five Stories.
Speaker 2 (16:11):
List Core The yard Boy and My Morning Show is
your morning show with my buddy Michael del Giorno.
Speaker 5 (16:23):
Hi, I'm Michael.
Speaker 1 (16:24):
We'd love to have you listen every weekday morning to
your morning show live, even take us along with you
on the drive to work. We can be heard on
great radio stations like one oh four ninth The Patriot
in Saint Louis, Our Talk Radio ninety eight point three
and fifteen ten WLAC and Nashville and News Talk five
fifty k f YI and Phoenix, Arizona.
Speaker 5 (16:41):
Love to be a.
Speaker 1 (16:42):
Part of your morning routine, but we're always grateful you're here.
Now enjoyed the podcast. We've had several talkbacks. Can you
share just the last one with the class. I'd like
to make a quick point if I could, the fog
hat or one more than yeah, Okay, yeah, I got that.
Good morning, Michael, Redd and Jeffrey. Another squirrel moment for you, guys.
Speaker 10 (17:04):
Scott Holt, that's the name of the current guitar player
and singer for fog Hat lives here in Columbia, Tennessee,
co owner of Variety Record Store down on the Square.
They put out a new album about two years ago
or less that was critically acclaiming the Blue Circles.
Speaker 5 (17:20):
Check it out. First concert, Sonny and Chare.
Speaker 1 (17:23):
So we've got the Democrats courting Zoran Mamdanie really a communist,
not a socialist as the future of their party. We
have inflation creeping up, a battle between the President and
the Fed chair that they're now spighting, cutting both their noses.
Speaker 5 (17:44):
Off despite their face. In essence, we have all this
going on, and this is where people are at.
Speaker 1 (17:51):
Sonny and Cheer first concert. Steve don'ty was that really?
That's what he said at the end. Yeah, first concert,
Sonny and Cheer, se howther and then I and then
I got a long.
Speaker 5 (18:02):
Thing from Roger. I hope I didn't offend you over
the pauses. I think it's very fact there on the.
Speaker 1 (18:06):
Pauses there's something is there a full moon and we
just can't see it yet.
Speaker 5 (18:10):
It's something in the water.
Speaker 6 (18:11):
I don't know.
Speaker 1 (18:12):
And then Steve writes me this, uh, nothing personal. I
almost didn't want to continue to read. I just kind
of knew where this was going. Nothing personal, but I'm
gonna hold out for a Tony Award winning.
Speaker 5 (18:22):
Sounds like it all.
Speaker 4 (18:26):
People who majored in online activision with a minor and
puberty board, they're gonna a little bit.
Speaker 8 (18:33):
Any of you in the media clearly missed the art.
Speaker 5 (18:36):
Of the deal.
Speaker 1 (18:37):
It's gonna work out, always revealing, often entertaining.
Speaker 5 (18:40):
These are your sounds the day.
Speaker 1 (18:41):
So probably the clever way to say it is, mister
commie went to Washington, So it's all Ron mom DOMMI
hosted by AOC is introduced to all the lawmakers. We'll
get into that more in a moment. Let's start at
the surface. He's really communistic, not socialistic. So all I
(19:04):
could think of was Margaret Thatcher when I heard this
Member of Congress's comment, the problem with socialism is eventually
you do run out of everyone's money. But watch her take,
because apparently this is communists with communism with a smile now,
which suddenly makes it so wonderful. Never Mind it doesn't work,
never mind there's no money for it.
Speaker 11 (19:27):
He talked about, you know, freezing rent faster buses in
New York City at universal childcare, which seems to be
the message that really resonated with New York City voters.
Speaker 1 (19:39):
So she's just letting us ideas, you know, everything this
thing for free. We are the things that people want
for every hair and watch what the reporter.
Speaker 12 (19:46):
Asks, how do you pay for that? Essentially, he didn't
talk about that. He didn't talk about that.
Speaker 5 (19:58):
Honey.
Speaker 1 (19:59):
I said, Hey, we get this three million dollar home,
we have a pool installed. I get a forty two
foot boat. We go to Europe on a long vake,
and how do you play.
Speaker 5 (20:09):
He didn't talk about how he's gonna pay for Here's AOC.
Speaker 1 (20:14):
Never mind the proven failures of socialism and communism throughout history,
never mind how anathetical it is to our very intent,
the spirit of our intent and the declaration of independence
and our road map of intent in the Constitution. AOC says,
you shouldn't be critical of any of this. You should
(20:36):
take the time to get to.
Speaker 13 (20:38):
Know him, be excited for the Democratic nominee. So her
mum Donnie to be here in Washington.
Speaker 1 (20:46):
She's very proud of how she says it to.
Speaker 13 (20:50):
Is to really, you know, experience and have people see
him face to face. I think a lot of people
just need to get to know folks before they issue
an endorsement. And I hope that this conversation could be
constructive to bring the party together and rally behind our nominee.
Speaker 1 (21:09):
Bring our party together and get behind our nominee. Now,
in her case, supposedly she's from New York, so I
guess it could be her nominee, but she's not suggesting
the party's nominee. Now, there's no question that AOC has
gone all up. First of all, she gets the greatest
(21:30):
torch passed to her.
Speaker 5 (21:32):
She is the queen of the Socialist Justice Democrat Party.
You know what that means.
Speaker 1 (21:37):
What it meant for Bernie in twenty twenty, What it
meant for Bernie in twenty twenty six, she will be
the leading candidate for the presidential nomination of the United
States by the Democrat Party.
Speaker 5 (21:47):
She just needs to shut up and coast. And what
is she doing.
Speaker 1 (21:52):
She's parading around with mom Donnie like he's a running mate.
Even had one of our listeners and a talkback on
topic by the way, which was rare today, suggests maybe
she's settinghim up as.
Speaker 5 (22:02):
A running mate.
Speaker 1 (22:03):
He's not a running mate, he's a demise. But this
is what they've been courting. Here is Washington Representative Pramila Jayapaul.
She's the one that comes right out and says it.
Speaker 14 (22:20):
Look, he's bringing anybody who can see the reality of
the success of his candidacy and his campaign together. Anybody
that's staying out at this point instead of endorsing this incredible,
dynamic leader is missing an opportunity.
Speaker 1 (22:34):
You're missing an opportunity if you don't endorse this. First
of all, he'd be gone. They used rank file voting
in the primary only otherwise you would have had a
runoff between Mom, Donnie and Cuomo and he'd a lost
big And even in securing his place in the general
(22:58):
using that rigged system, he's still only polling at twenty
eight percent. That's the huge success. This is the future
of the party.
Speaker 13 (23:13):
Of members of you worth putting in or on the
Thank Sorry, what was he think he won over any members?
Speaker 1 (23:19):
Oh?
Speaker 14 (23:20):
I think it's hard not to be won over because
it's the combination of his authenticity, his smart and his
commitment to lifting up working people and making life better
for real folks that is really inspiring and.
Speaker 5 (23:37):
Not always easy to find. You know, and so I hope.
Speaker 1 (23:41):
So yeah, they're just they just love them.
Speaker 5 (23:46):
They're just doubling and tripping, tripling down. We did a
whole thing.
Speaker 1 (23:58):
Not a shameless plug, but if you want to go
listen to the podcast in the five o'clock hour. What
is the Democrat Party doing? Why are they making a
mayor's race in New York City a national referendum? And
why are they quadrupling down on the first communistic socialistic
candidate and literally saying he's the future of the party.
(24:22):
This is the future of a party that is not
going to exist. The parasite is going to defeat the host,
and when the host dies, the parasite dies with it.
As we grappled with it. It's so foolish. I don't
know how to make sense of it. Is it to
go off the deep end with this? And by the way,
this is why the right can't talk about mam Donnie enough.
(24:44):
Ma'm Donnie's four out of five stories on Fox, Just
like if you turn on seeing an MSNBC four to
five stories or about Epstein's files.
Speaker 5 (24:51):
Now sunny they care about Epstein files.
Speaker 1 (24:54):
I get the matrix, I get narratives, I get the
ridiculousness of the things that we focus on. But somebody
that's anti cop, somebody that's anti Semitic, please in the
end of Fada, somebody that's anti business, somebody that's really
communistic more than socialist in terms of taking over things.
And in a party that has no leader, no voice,
(25:17):
no no strategy, they want to make this big enough
mistake in New York City a national mistake.
Speaker 5 (25:27):
You can't make this up.
Speaker 1 (25:31):
So where does that leave the other half of the
Democrat Party? You know, we're not socialist. This is ridiculous,
This is crazy to try to make our tenth this big. Well,
it's a point that a Clinton pollster, Mark Penn, tried
to make on Fox I.
Speaker 15 (25:45):
May and let's start by playing a little bit more
of the Democrats reaction on Capitol Hill to the mom
Dona visit watch.
Speaker 16 (25:53):
It's just beautiful to have someone who is so authentic,
you know that's money.
Speaker 1 (25:59):
Cannot by that he's authentically socialist in communist, but he's authentic.
Speaker 5 (26:03):
The party movie more in a socialist direction.
Speaker 4 (26:05):
Is a question by the media to try to stigmatize
the Democratic Party.
Speaker 14 (26:10):
Or anybody that's staying out at this point instead of
endorsing this incredible, dynamic leader is missing an opportunity to.
Speaker 15 (26:19):
All Right, Mark Penn, you hear it, better jump on
the bandwagon, as the message from those lawmakers, what do
you say?
Speaker 17 (26:26):
I think this is a real danger for the Democratic Party.
There's no question that Mandami is socialist and has expressed
views that, if not anti Semitic, are certainly frightening to
most Jews. Is not disavowed globalized into Pada. Even though
people tried to say he was going to do that
today he didn't, which means killed Jews. I mean this
(26:48):
is really frightening for the party. And you know, the
party should not be a big tent that takes anyone.
The party should be a tent that believes in progressive
free enterprise, not in social.
Speaker 1 (27:01):
So I've often said there's a reason why I'm not
a Democrat. I don't have anything, and that's before this shift,
and it's seismic. I have nothing worldview, biblically, politically in
common with them. Why am I not a Republican because
(27:22):
they don't live their platform? But what is the Democrat
Party platform and is it now shifting to all out
socialistic communistic platform. Well, for the better part of thirty
to forty years. Let me put it to you this way,
since the shooting of John F. Kennedy, but certainly after
(27:46):
Bill Clinton on this is a party whose platform matches
the nineteen twenty socialistic party. So I would say, in
some degree they've always been socialistic, but.
Speaker 5 (27:58):
Now they're branding and it's dumbfounding to me.
Speaker 1 (28:03):
Now, maybe you play it early and then you come
back with somebody sensible. In other words, the Podesta's claims,
the real minds behind the shadow campaign. Let the far left,
let Bernie AOC, the squad, all these numbskulls go off
the deep end with this guy who's not even gonna win,
(28:24):
and if he does, he'll destroy the party. Let him
make it national, and then we'll come through with a
new sensible Democrat American ticket like Wes Moore and Ronnie Manuel.
I mean, I guess that could be a strategy. But
(28:45):
for AOC to court this like a ticket, she's creating
her own demise and playing this card too long. Could
be the party's death, said the original Wolf of Wall
Street yesterday.
Speaker 5 (28:59):
But here's the thing.
Speaker 16 (29:00):
You know, free this free that this guy is making
statements and promises that a can't keep ninety percent of them,
and the ones that he could actually implement would be
so destructive to New York that it would literally turn
the clock back to the seventies when New York was
an absolute cesspool disaster. You couldn't take the train without
(29:22):
getting mugged. And it changed when Juliani came in.
Speaker 5 (29:25):
You could love him to hate him.
Speaker 16 (29:26):
When Juliani came in, he was an incredible man, cleaned
up the streets, lifestyle crimes, and it trickled up. Murders drop,
robberies dropped. Right, So again, this guy's talking about worse
stuff to night. It's not driving the tax base out
of New York.
Speaker 1 (29:41):
What if the businesses that's the problem, they'll leave with
their feet. Now, how does all this relate to first
and midterms and then lead to the presidential Well, mid
term numbers aren't looking good either, Harry. You have Upholster
trying to be a voice of reason for the Democrats,
and then you have Harry Edton trying to be a
voice of reason to CNN, but nobody's listening to either
(30:06):
of them. But here's how the numbers look for the midterm.
And I think everything we've just played for you is
the reason why.
Speaker 3 (30:12):
The bottom line is this, Democrats are behind. They're two
thousand and six and twenty eighteen paces when it comes
to the generic congressional ballot.
Speaker 5 (30:20):
What are we talking about here, all right?
Speaker 3 (30:22):
The Democrats versus the Republicans on the generic congressional ballot
the margins. Look at where we are now. Democrats are ahead,
but by just two points. Look at where Democrats were
already head by in twenty seventeen. They were behind by
seven points, about two thousand and five on the Jeniic
congression ballot behind, excuse me a head by seven points,
ahead by seven points. And now they're only ahead by
two points.
Speaker 5 (30:41):
Their lead is.
Speaker 3 (30:42):
Less than half, less than half of where it was
in either twenty seventeen or two thousand and five in
July of those years, the year before the midterm election. Yes,
Donald Trump may be unpopular, but Democrats have not come
anywhere close to sealing the deal at this particular point.
Speaker 5 (30:57):
And mom Dommy is their ticket for everybody buck alone.
Speaker 4 (31:02):
Look, you just got a try hard, not the short.
Speaker 9 (31:05):
After the opportunity for a brief shipqu Perhaps you'd like
to be alone with a deteriorating mental condition politics.
Speaker 6 (31:14):
I don't know.
Speaker 2 (31:16):
It's your morning show with Michael del Chorno.
Speaker 1 (31:21):
I think if I'd have done fifty minutes of NonStop
fog Hat, we'd have set a ratings records.
Speaker 5 (31:26):
How many talkbacks on fog Hat did you get? I've
lost count? There were there were nine at the last count.
Everybody isn't slow rider to rejoin take eighty. Well, I
guess guess what it's going to be. I think that's true.
Speaker 1 (31:40):
Fifty fifty five minutes after the hour, Disneyland turns seventy. Today,
Connie Francis dies at the age of eighty seven, and
Zora and Mom Dommy went to Washington. I'm telling you
a season love. He wants a date with AOC. He's
got it. But who is this created character? And why
are they doubling down on socialist slash communism and taking
(32:02):
probably a really big mistake in New York City and
making it a national referendum. I don't have the answers
for everything. Sometimes things are just too foolish. Now, while
most immigration headlines are focusing on deportation, there is also
news from the border. Our national correspondent to your morning show,
Roy and Neil, is here. To tell us the latest
on the crackdowns and places.
Speaker 5 (32:21):
Like California, Arizona, New may Hall, and Texas. Good morning, Roy, Yeah,
good morning.
Speaker 18 (32:26):
Some great success reported by the Customers and Border Protection
with numbers in June hitting record lows. There were twenty
five thousand total encounters nationwide for the month. That's the
lowest in CBP history for the month. Apprehensions hit a
historic low with eight thousand for the month as well.
(32:47):
In fact, on June twenty eighth, there were just one
hundred and thirty six apprehensions. So a lot of CBP
officers is with nothing to do apparently.
Speaker 5 (32:56):
So obviously I'm teazy, I am teasing.
Speaker 1 (32:59):
No, no, I get I Obviously other nations are getting the message.
You know, if you have I don't want to make
this political, but it seems like if you have a
Democrat president, they see that as an open border sign
and they come and they get through, and they get
displaced throughout the country and they never show up for
court and it works. And then when it's Donald Trump,
(33:20):
not so much so they're not even coming. That's a
huge success. Those that are coming are not getting in.
That stops the problem. Now, what to do with the
problem of those who have entered and find a sensible conclusion.
I mean, that's the takeaway when it comes to securing
the border. It's secure. That's what these numbers may right.
Speaker 18 (33:39):
And a lot of this is because the cartel activity
has slowed down so much where they're just not bringing
people up from Central and South America to come to
that Mexican border with the US, and so those numbers
by the cartels are way down. That's also bringing down
the amount of ventanol and other drugs getting into the
country illegally as well. So it's really fall off, a
(34:00):
steep falloff in cartel activity, which is likely responsible for
the change of these numbers.
Speaker 1 (34:06):
And now you have the administration talking about tougher penalties
for fetanyl. I don't know if singling out fetanyl over
other danger sdrugs or guns or human trafficking, but that's
certainly the next the next layer of strategy that's coming.
And then there is home and kind of giving everybody
a glimpse that maybe some some some farm focus is
on the way and that gets into the degrees of
(34:27):
things that people want to see the border secure, they
want to see the drugs stop, the you know the
the others, but watch messing with other stuff. So they're
going to get to the more uncomfortable part and we'll
see if the American people stay behind it.
Speaker 18 (34:41):
Yeah, you know, And with that poll we talked about earlier,
you know, there's not a lot of support for the
activities by ICE agents on the ground. Only thirty nine
percent of voters approve, fifty seven percent disapprove, and two
thirds of Americans don't like this idea of deporting people
to a third country if they're here from Mexico to
poor them.
Speaker 1 (35:00):
What to do when their country doesn't want them is
another issue for another day. Great reporting, Rory is always
We'll talk again tomorrow.
Speaker 2 (35:06):
We're all in this together. This is your Morning Show
with Michael Ndel Joan No
Hi, I'm Michael. I'd love to have you listen to
your morning show live. Every day. We're heard on great
stations like News Talk five point fifty k f YI
and Phoenix News Radio eleven ninety k EX in Portland
and ten ninety The Patriot in Seattle. Make us a
part of your morning routine. We'd love to have you
listen live. But in the meantime, enjoy the podcast.
Speaker 2 (00:19):
Starting your morning off right. A new way of talk,
a new way of understanding, because we're in this together.
This is your morning show with Michael Dell Charny.
Speaker 3 (00:33):
I'm glad to though that it's just a ball that
I hear in.
Speaker 4 (00:38):
I thought it was just a crappy WiFi out here
in the boondog.
Speaker 5 (00:42):
Michael. Everybody's talking about your age and your pauses.
Speaker 6 (00:45):
Maybe we should call him the Man of Pauses.
Speaker 5 (00:48):
The next time Big John calls in, I'm going to
throw in a pause.
Speaker 1 (00:52):
You know, Big John has yet to respond to I
finally know what he looks like, and it's exactly what
I pictured. It was really kind of creepy, exactly how
I always pictured him, and then I saw him in
real life and it was the exact same like the turn.
Speaker 5 (01:04):
It's like no surprise. That's hard to do. You people
are as add as I am, or is.
Speaker 1 (01:11):
As anxious to talk about something different, as if it's
one of the two. If you're just waking up eight
minutes after the hour. Thanks for making us a part
of your morning routine. This is your morning show. It
belongs to you. That's why we can't have it without
your voice. Keep the talkbacks coming. Can also email Michael
d at iHeartMedia dot com, sad News Today. Singer actress,
top charting female vocalist in the fifties and sixties. Did
(01:34):
you know she's estimated to have sold over two hundred
million records worldwide. Connie Francis is dead at the age
of eighty seven. Sour on one Donny has gone to Washington.
Mister Commedy goes to Washington and gets all the googly
eyes from the socialist left.
Speaker 5 (01:53):
But how will to play throughout the party? That's a bit.
Speaker 1 (01:56):
Mixed And it's the Happiest day on Earth, turning seventy
Happy Place on Earth turning seventy Today. Disneyland opened its
gates for the first time to guests on this date.
In nineteen fifty five, well, we did see inflation tick
up just a bit this week. We presume that's continued
uncertainty over tariff's uncertainty always an enemy of the economy,
(02:19):
and David Bonson is our money wiz and our economists
joining us. David, any question in your mind that this
needs to a either be resolved or be The President
needs to find a way to pivot away from this,
and I wish he'd pivot away from Tariff's a way
he pivoted away from Epstein.
Speaker 5 (02:33):
Boy, I set you up, didn't.
Speaker 6 (02:34):
I got there's so much I could do with that.
Speaker 4 (02:38):
I do it, But I certainly wish you would pivot
away from the tariff's side. I continue to hope that
if nothing else, for political reasons, so'll end up doing so.
He has an opportunity to sort of do what he
does best, which is kind of make a big announcement
and spread the word of a deal that always he
could have gotten done and all that kind of stuff,
(02:59):
and then from there not go forward with a huge
cost increase to the American economy. The PPI number yesterday
was really telling because people were saying, oh, it didn't
move month over month, but they revised the prior month
up it had only been point one percent, and they
revised it to point three so significantly more than it
(03:21):
had been the month before. But more importantly, consumer electronics
elements in the wholesale side that are very tariff sensitive
were up almost one percent.
Speaker 6 (03:32):
On the month, massive amount of increase.
Speaker 4 (03:36):
So I do think there's price inputs because you always
let me, Michael will get into the economics of this stuff.
Speaker 6 (03:43):
Let me just say this isn't.
Speaker 4 (03:45):
Inflation as autonomous would define it, but it is absolutely
inflation as regular people defined it. Regular people think of
inflation as a price went higher and the fact that
a tariff would move.
Speaker 6 (04:00):
One thing higher but not necessarily another.
Speaker 4 (04:03):
People are correct, that's not really what we mean when
we've talked about monetary inflation, the whole price level going up, right,
But it's not going to matter politically When something is
more expensive because of a policy, that becomes problematic.
Speaker 5 (04:17):
So what's his endgame? I mean, where would he be
right now?
Speaker 1 (04:19):
If he hadn't created this, you'd have gas prices down
the borders, secured iron set back hamas pothies defeated. I mean,
that would have been a lot to get done in
the first six months. I don't know what is his endgame.
What does he think because all it's so far created
is market turbulence.
Speaker 6 (04:42):
Well, I think that's right.
Speaker 4 (04:43):
There are a lot of things that are really big
successes that he'd be able to celebrate more without some
of the self imposed problems. And I think that the
market uncertainly of the turbulence, this ongoing stuff he's trying
to do with the Fed.
Speaker 6 (04:59):
Will he won't he fire? And I mean.
Speaker 4 (05:02):
Very clear as could be here illegally fire J Powell.
That is not helping either.
Speaker 6 (05:08):
And so you know, let's do a little economics. What's
going on is that he wants the lower end of
the yield curve lower.
Speaker 4 (05:16):
What that means is you bond market all the short
term stuff, Okay, when your credit card rates, your car rates,
your h and certainly you know a lot of floating
rate bank debt, those things are very controlled by the FED.
Speaker 6 (05:31):
The FED sets the short term interest rate and then
a lot of other rates pivot off of it.
Speaker 4 (05:36):
But see the problem is that even if he gets
that what he's doing, and especially if you were to
go undermine FED independence, it pushes the longer rated bonds
ten year, thirty year, bonds higher, and so one hand
give it, the other hand take it away.
Speaker 1 (05:53):
So your credit card, your credit card interest rate would
go down, but your mortgage rate could go up.
Speaker 4 (06:00):
Well, that's exactly right, and really right now, we do
not have a problem in the economy at the rate
level other than mortgages. That's the issue that's creating most
of the drama. And so I think that President is
getting very good advice from Charaguer Secretary Scott Besson, who
(06:20):
continues to be the MVP of this cabinet. And I
mean that in a much more profound way than I
can even say on air, relative to some of the
other people in the cabinet. UH Secretary Veson's explaining this
to the President and he's and he's understanding it. He's saying,
you're gonna you're gonna do one thing that you think
helps you, but it's gonna do another thing a trade
off that hurts you more. And that has to be
(06:42):
the argument that wins in the end. So that's what
we're paying for.
Speaker 1 (06:46):
Visiting with David Bonson from the Bonson Financial Group. He
also presides over the Dividend Cafe at Dividendcafe dot com.
I recommend every Friday you read that it's brilliant stuff.
I'm gonna go back to my question again, and I'm
not implying an answer. I'm really asking at what point
has been sent done enough as the president realized enough
(07:06):
to begin to orchestrate to pivot away from this. I
keep asking you that every month, and he keeps not pivoting.
This would be a good time to start.
Speaker 6 (07:16):
Well, I would not say that he hasn't pivoting. Okay,
First of all, the biggest pivot of them.
Speaker 4 (07:21):
All came five days after April second, when he peeled
back what was essentially six hundred to seven hundred billion
dollars of threatened tariffs.
Speaker 6 (07:32):
Now, you're right.
Speaker 4 (07:33):
And he continues to throw out more threats like Hey,
this time, we really really mean it and we're going
to super duper do it. But he hasn't actually gone
forward with these unilateral sweeping tariffs.
Speaker 6 (07:45):
A threat of a fifty.
Speaker 4 (07:47):
Percent tariff on copper is one of the most bizarre
things he's done so far.
Speaker 1 (07:52):
First of allies run out of business that one, well, it.
Speaker 4 (07:56):
Will, and companies that make industrial machinery, companies that make
computer equips, and companies that make you know construction, you
talk about housing prices and copper. Is this perfect storm
We're on one hand, you can't say, oh, we need
for our national security to not be importing any copper.
We make fifty percent of it here in America. We
have plenty enough copper for our own military and you know,
(08:19):
emergency needs. And yet on the other hand, we don't
have enough for our commercial needs. So you're not benefiting
anything to critical infrastructure, and you are costing us a
lot commercially. So I just don't understand some of those things.
But again, if all of it is going to end
up being, hey, I got this deal South three, I
got this deal in Japan in the end, But what
(08:40):
he's learned the last couple of months is, first of all,
those deals take way longer than they told us, than
Howard Gutnik and Pete Nabarro told him, and the deals
are not really all that difference than what we had before.
And in the case of China, I can understand why
someone like me might be happy, but I don't understand
why the really raving MAGA people would be happy. They
(09:01):
were told what we're trying to do here is trade
less with China, because they're bad people. We're trying to
trade less with China because it's hurting American jobs. Then
he announces a deal. It's going to cause us to
trade more with China. They're going to sell us more
rare earth minerals and we're gonna buy and we're going
to sell them more semiconductors.
Speaker 1 (09:21):
That wasn't what people thought they were signing up for.
By that's happening. And the same thing with Epstein. You
get narrative over reality, narrative over strategy. I don't know
why they can't just explain things simpler, and then they're
playing in a matrix or people form immediate permanent positions
and then you can't deliver, so the communication has to improve.
Speaker 5 (09:41):
This is gonna be a tough one for you.
Speaker 1 (09:42):
I think the president's making it pretty clear he's not
going to fire the FED chair, But I think he's
also making it equally clear that he's probably not going
to renominate him as he did originally, which is kind
of a veiled threat, give me my interest rate cuts
between now in may or I'm not going to renominate
you. You would probably out of that. And he's not going
to fire him because he can't legally.
Speaker 4 (10:06):
Oh beause Michael, there is zero percent chance he was
ever going to renominate him, right right.
Speaker 1 (10:13):
But he's but here's the but here's it. Yeah, so
here's but here's the question. So the interest rate cuts
that we did get when Biden was president, there were
two or three, and that's when inflation was higher. What
what is their their justification? And by the way, I
also know that this is your wheelhouse. Don't necessarily root
(10:34):
for this in and of itself. I mean, just to
have a simple view, Oh, we need interest rates to
come down, not necessarily, but kind of explain that to everyone.
Speaker 5 (10:44):
Uh, the interest rates?
Speaker 1 (10:46):
Why would they lower him when inflation was higher, and
now that inflation's lower, they're refusing to And it seems
to be almost personal.
Speaker 6 (10:54):
Yeah.
Speaker 4 (10:54):
Well, first of all, if anything is personal here, it
might be the Presidented States saying that JAP is a
worse enemy of the country than g the president g okay,
I mean President Trump is who personalized this, not just now,
but infuation is not lower than it was when he
first cut the rates. We've been sitting as far as
(11:14):
their numbers, they're annual CPI. We've been sitting at about
that two point five to two point seven year over
year for a little it's been about a year, about
about ten to twelve months.
Speaker 6 (11:28):
But the rate was also a well over five.
Speaker 4 (11:32):
Percent, which was significantly more tightening than it is now,
so there's less of an emergency to give relief to
borrowers now.
Speaker 6 (11:42):
All about to say, I totally disagree with it.
Speaker 4 (11:44):
He should be cutting now, but the president cannot keep
saying the reason he should cut is because I want
lower rates, and because everybody wants lower rates, and he
should say, well, the economy he's going to take the economy.
Speaker 6 (11:57):
You can't say we desperately need lower rates.
Speaker 4 (12:00):
The economy is the strongest economy we've ever seen because
of all the things I've done. I would argue any
lower rates because they are unnecessarily above the natural rate,
which basically is meant to tighten. It's meant to compress
economic activity. I don't want dramatic reductions, but I do
think the rate should be lower, and that would help
with mortgages. But for those I just want to point
(12:21):
out with those say, well, this is political. He was
trying to help Biden before. What he did to Biden
was take a zero percent rate and move it to
five and a half percent, thicker than anyone has ever
raised rates in the history of our country, so I think.
And he also gave President Trump zero percent rates during
his first term.
Speaker 6 (12:43):
Look, he doesn't like Trump.
Speaker 4 (12:45):
Trump doesn't like him, and I think Pal is making
a mistake in not lowering rates now. But I don't
think it's political as much as he feels now.
Speaker 6 (12:55):
He can't do it because President Trump dared him to do.
Speaker 4 (12:59):
It's not right, but that's the trickiness of what we're
dealing with.
Speaker 5 (13:03):
David Bonson Bonson Financial Group.
Speaker 1 (13:05):
He also presides over the Dividendcafe at Dividendcafe dot com.
There's been some brilliant dies. What do we have tomorrow? Oh,
it's one of my favorite.
Speaker 4 (13:15):
We have a look back twenty five years ago at
the merger.
Speaker 6 (13:20):
Of AOL and Time Warner, the biggest debacle in corporate history.
Speaker 5 (13:27):
Oh I can't.
Speaker 6 (13:28):
Well, we'll get the last Sudan so we can learn
from it.
Speaker 1 (13:31):
Oh, I can't wait. David Bonson is always our pleasure.
Thank you so much.
Speaker 2 (13:37):
This is your morning show with Michael Del Trono.
Speaker 1 (13:42):
People convicted of fentanyl related crimes may now face much
harsher penalties.
Speaker 5 (13:46):
Mark Mayfield will explain.
Speaker 7 (13:48):
I think it's sign for President Trump's signed to bill
Wednesday targeting fentanyl trafficking and.
Speaker 4 (13:52):
Illicit drugs decimated American communities and left us with the
largest law enforcement challenge in our country's history.
Speaker 7 (14:00):
The family is impacted by the fentinl crisis. Stood behind
Trump at the White House bill signing ceremony. Trump said
his administration has declared an all out war against dealers
and traffickers. The halt all lethal trafficking of fentyl act
classifies all fentanyl related substances as Schedule one drugs. That
means harsher penalties for people convicted of fentanyl related crimes.
A Mark mayview.
Speaker 1 (14:20):
Speculation on the future of the Federal Reserve chair of
Jerome Powell had Wall Street experiencing a bit of whiplash yesterday.
Speaker 8 (14:26):
Initial reports that Trump's firing of Powell seemed imminent came
out during morning trading, sparking a mini selloff, But when
Trump clarified that he had no plans to fire Powell,
the markets quickly rebounded, proving the old axiom that investors
like certainty. The President has been highly critical of Powell's
refusal to cut interest rates.
Speaker 1 (14:47):
I'm Brian shook well. Mister Kami went to Washington. AOC
hosted the breakfast. Zoran Mamdami was there to court National Democrats,
and the socialist left loved him.
Speaker 5 (14:58):
But the rest of the party mixed results.
Speaker 9 (15:00):
Queens and Bronx Congresswoman Alexandria Acasio Cortes hosted a breakfast
meet and greet with Mom Donnie in Washington. Attendees included
locals who have already endorsed Mom Donnie, including Jerry Nadler
and Nidia Velasquez, and others from across the party. Concerns
about the Democratic Socialist were eased by AOC. California Congressman
(15:22):
Mark Takano told The Hill that AOC told them that
to voters under forty, the word socialism now means battling
corruption and fighting for workers. Andrew Whitman NBC News Radio
New York.
Speaker 1 (15:35):
With the most recent leg of his Let's Do It
Again Tour completed, the Great Peter Frampton says, Let's do
it Again.
Speaker 7 (15:53):
Crampton announced nine beats for this fall, beginning October the
seventeenth in New Orleans. He'll also play shows in Texas
and Oklahoma before wrapping up in the southeast. Brampton's final
stop will be at the hard Rock Live in Hollywood, Florida.
Speaker 5 (16:07):
I'm Mark Neathhew and that's your top five Stories.
Speaker 2 (16:11):
List Core The yard Boy and My Morning Show is
your morning show with my buddy Michael del Giorno.
Speaker 5 (16:23):
Hi, I'm Michael.
Speaker 1 (16:24):
We'd love to have you listen every weekday morning to
your morning show live, even take us along with you
on the drive to work. We can be heard on
great radio stations like one oh four ninth The Patriot
in Saint Louis, Our Talk Radio ninety eight point three
and fifteen ten WLAC and Nashville and News Talk five
fifty k f YI and Phoenix, Arizona.
Speaker 5 (16:41):
Love to be a.
Speaker 1 (16:42):
Part of your morning routine, but we're always grateful you're here.
Now enjoyed the podcast. We've had several talkbacks. Can you
share just the last one with the class. I'd like
to make a quick point if I could, the fog
hat or one more than yeah, Okay, yeah, I got that.
Good morning, Michael, Redd and Jeffrey. Another squirrel moment for you, guys.
Speaker 10 (17:04):
Scott Holt, that's the name of the current guitar player
and singer for fog Hat lives here in Columbia, Tennessee,
co owner of Variety Record Store down on the Square.
They put out a new album about two years ago
or less that was critically acclaiming the Blue Circles.
Speaker 5 (17:20):
Check it out. First concert, Sonny and Chare.
Speaker 1 (17:23):
So we've got the Democrats courting Zoran Mamdanie really a communist,
not a socialist as the future of their party. We
have inflation creeping up, a battle between the President and
the Fed chair that they're now spighting, cutting both their noses.
Speaker 5 (17:44):
Off despite their face. In essence, we have all this
going on, and this is where people are at.
Speaker 1 (17:51):
Sonny and Cheer first concert. Steve don'ty was that really?
That's what he said at the end. Yeah, first concert,
Sonny and Cheer, se howther and then I and then
I got a long.
Speaker 5 (18:02):
Thing from Roger. I hope I didn't offend you over
the pauses. I think it's very fact there on the.
Speaker 1 (18:06):
Pauses there's something is there a full moon and we
just can't see it yet.
Speaker 5 (18:10):
It's something in the water.
Speaker 6 (18:11):
I don't know.
Speaker 1 (18:12):
And then Steve writes me this, uh, nothing personal. I
almost didn't want to continue to read. I just kind
of knew where this was going. Nothing personal, but I'm
gonna hold out for a Tony Award winning.
Speaker 5 (18:22):
Sounds like it all.
Speaker 4 (18:26):
People who majored in online activision with a minor and
puberty board, they're gonna a little bit.
Speaker 8 (18:33):
Any of you in the media clearly missed the art.
Speaker 5 (18:36):
Of the deal.
Speaker 1 (18:37):
It's gonna work out, always revealing, often entertaining.
Speaker 5 (18:40):
These are your sounds the day.
Speaker 1 (18:41):
So probably the clever way to say it is, mister
commie went to Washington, So it's all Ron mom DOMMI
hosted by AOC is introduced to all the lawmakers. We'll
get into that more in a moment. Let's start at
the surface. He's really communistic, not socialistic. So all I
(19:04):
could think of was Margaret Thatcher when I heard this
Member of Congress's comment, the problem with socialism is eventually
you do run out of everyone's money. But watch her take,
because apparently this is communists with communism with a smile now,
which suddenly makes it so wonderful. Never Mind it doesn't work,
never mind there's no money for it.
Speaker 11 (19:27):
He talked about, you know, freezing rent faster buses in
New York City at universal childcare, which seems to be
the message that really resonated with New York City voters.
Speaker 1 (19:39):
So she's just letting us ideas, you know, everything this
thing for free. We are the things that people want
for every hair and watch what the reporter.
Speaker 12 (19:46):
Asks, how do you pay for that? Essentially, he didn't
talk about that. He didn't talk about that.
Speaker 5 (19:58):
Honey.
Speaker 1 (19:59):
I said, Hey, we get this three million dollar home,
we have a pool installed. I get a forty two
foot boat. We go to Europe on a long vake,
and how do you play.
Speaker 5 (20:09):
He didn't talk about how he's gonna pay for Here's AOC.
Speaker 1 (20:14):
Never mind the proven failures of socialism and communism throughout history,
never mind how anathetical it is to our very intent,
the spirit of our intent and the declaration of independence
and our road map of intent in the Constitution. AOC says,
you shouldn't be critical of any of this. You should
(20:36):
take the time to get to.
Speaker 13 (20:38):
Know him, be excited for the Democratic nominee. So her
mum Donnie to be here in Washington.
Speaker 1 (20:46):
She's very proud of how she says it to.
Speaker 13 (20:50):
Is to really, you know, experience and have people see
him face to face. I think a lot of people
just need to get to know folks before they issue
an endorsement. And I hope that this conversation could be
constructive to bring the party together and rally behind our nominee.
Speaker 1 (21:09):
Bring our party together and get behind our nominee. Now,
in her case, supposedly she's from New York, so I
guess it could be her nominee, but she's not suggesting
the party's nominee. Now, there's no question that AOC has
gone all up. First of all, she gets the greatest
(21:30):
torch passed to her.
Speaker 5 (21:32):
She is the queen of the Socialist Justice Democrat Party.
You know what that means.
Speaker 1 (21:37):
What it meant for Bernie in twenty twenty, What it
meant for Bernie in twenty twenty six, she will be
the leading candidate for the presidential nomination of the United
States by the Democrat Party.
Speaker 5 (21:47):
She just needs to shut up and coast. And what
is she doing.
Speaker 1 (21:52):
She's parading around with mom Donnie like he's a running mate.
Even had one of our listeners and a talkback on
topic by the way, which was rare today, suggests maybe
she's settinghim up as.
Speaker 5 (22:02):
A running mate.
Speaker 1 (22:03):
He's not a running mate, he's a demise. But this
is what they've been courting. Here is Washington Representative Pramila Jayapaul.
She's the one that comes right out and says it.
Speaker 14 (22:20):
Look, he's bringing anybody who can see the reality of
the success of his candidacy and his campaign together. Anybody
that's staying out at this point instead of endorsing this incredible,
dynamic leader is missing an opportunity.
Speaker 1 (22:34):
You're missing an opportunity if you don't endorse this. First
of all, he'd be gone. They used rank file voting
in the primary only otherwise you would have had a
runoff between Mom, Donnie and Cuomo and he'd a lost
big And even in securing his place in the general
(22:58):
using that rigged system, he's still only polling at twenty
eight percent. That's the huge success. This is the future
of the party.
Speaker 13 (23:13):
Of members of you worth putting in or on the
Thank Sorry, what was he think he won over any members?
Speaker 1 (23:19):
Oh?
Speaker 14 (23:20):
I think it's hard not to be won over because
it's the combination of his authenticity, his smart and his
commitment to lifting up working people and making life better
for real folks that is really inspiring and.
Speaker 5 (23:37):
Not always easy to find. You know, and so I hope.
Speaker 1 (23:41):
So yeah, they're just they just love them.
Speaker 5 (23:46):
They're just doubling and tripping, tripling down. We did a
whole thing.
Speaker 1 (23:58):
Not a shameless plug, but if you want to go
listen to the podcast in the five o'clock hour. What
is the Democrat Party doing? Why are they making a
mayor's race in New York City a national referendum? And
why are they quadrupling down on the first communistic socialistic
candidate and literally saying he's the future of the party.
(24:22):
This is the future of a party that is not
going to exist. The parasite is going to defeat the host,
and when the host dies, the parasite dies with it.
As we grappled with it. It's so foolish. I don't
know how to make sense of it. Is it to
go off the deep end with this? And by the way,
this is why the right can't talk about mam Donnie enough.
(24:44):
Ma'm Donnie's four out of five stories on Fox, Just
like if you turn on seeing an MSNBC four to
five stories or about Epstein's files.
Speaker 5 (24:51):
Now sunny they care about Epstein files.
Speaker 1 (24:54):
I get the matrix, I get narratives, I get the
ridiculousness of the things that we focus on. But somebody
that's anti cop, somebody that's anti Semitic, please in the
end of Fada, somebody that's anti business, somebody that's really
communistic more than socialist in terms of taking over things.
And in a party that has no leader, no voice,
(25:17):
no no strategy, they want to make this big enough
mistake in New York City a national mistake.
Speaker 5 (25:27):
You can't make this up.
Speaker 1 (25:31):
So where does that leave the other half of the
Democrat Party? You know, we're not socialist. This is ridiculous,
This is crazy to try to make our tenth this big. Well,
it's a point that a Clinton pollster, Mark Penn, tried
to make on Fox I.
Speaker 15 (25:45):
May and let's start by playing a little bit more
of the Democrats reaction on Capitol Hill to the mom
Dona visit watch.
Speaker 16 (25:53):
It's just beautiful to have someone who is so authentic,
you know that's money.
Speaker 1 (25:59):
Cannot by that he's authentically socialist in communist, but he's authentic.
Speaker 5 (26:03):
The party movie more in a socialist direction.
Speaker 4 (26:05):
Is a question by the media to try to stigmatize
the Democratic Party.
Speaker 14 (26:10):
Or anybody that's staying out at this point instead of
endorsing this incredible, dynamic leader is missing an opportunity to.
Speaker 15 (26:19):
All Right, Mark Penn, you hear it, better jump on
the bandwagon, as the message from those lawmakers, what do
you say?
Speaker 17 (26:26):
I think this is a real danger for the Democratic Party.
There's no question that Mandami is socialist and has expressed
views that, if not anti Semitic, are certainly frightening to
most Jews. Is not disavowed globalized into Pada. Even though
people tried to say he was going to do that
today he didn't, which means killed Jews. I mean this
(26:48):
is really frightening for the party. And you know, the
party should not be a big tent that takes anyone.
The party should be a tent that believes in progressive
free enterprise, not in social.
Speaker 1 (27:01):
So I've often said there's a reason why I'm not
a Democrat. I don't have anything, and that's before this shift,
and it's seismic. I have nothing worldview, biblically, politically in
common with them. Why am I not a Republican because
(27:22):
they don't live their platform? But what is the Democrat
Party platform and is it now shifting to all out
socialistic communistic platform. Well, for the better part of thirty
to forty years. Let me put it to you this way,
since the shooting of John F. Kennedy, but certainly after
(27:46):
Bill Clinton on this is a party whose platform matches
the nineteen twenty socialistic party. So I would say, in
some degree they've always been socialistic, but.
Speaker 5 (27:58):
Now they're branding and it's dumbfounding to me.
Speaker 1 (28:03):
Now, maybe you play it early and then you come
back with somebody sensible. In other words, the Podesta's claims,
the real minds behind the shadow campaign. Let the far left,
let Bernie AOC, the squad, all these numbskulls go off
the deep end with this guy who's not even gonna win,
(28:24):
and if he does, he'll destroy the party. Let him
make it national, and then we'll come through with a
new sensible Democrat American ticket like Wes Moore and Ronnie Manuel.
I mean, I guess that could be a strategy. But
(28:45):
for AOC to court this like a ticket, she's creating
her own demise and playing this card too long. Could
be the party's death, said the original Wolf of Wall
Street yesterday.
Speaker 5 (28:59):
But here's the thing.
Speaker 16 (29:00):
You know, free this free that this guy is making
statements and promises that a can't keep ninety percent of them,
and the ones that he could actually implement would be
so destructive to New York that it would literally turn
the clock back to the seventies when New York was
an absolute cesspool disaster. You couldn't take the train without
(29:22):
getting mugged. And it changed when Juliani came in.
Speaker 5 (29:25):
You could love him to hate him.
Speaker 16 (29:26):
When Juliani came in, he was an incredible man, cleaned
up the streets, lifestyle crimes, and it trickled up. Murders drop,
robberies dropped. Right, So again, this guy's talking about worse
stuff to night. It's not driving the tax base out
of New York.
Speaker 1 (29:41):
What if the businesses that's the problem, they'll leave with
their feet. Now, how does all this relate to first
and midterms and then lead to the presidential Well, mid
term numbers aren't looking good either, Harry. You have Upholster
trying to be a voice of reason for the Democrats,
and then you have Harry Edton trying to be a
voice of reason to CNN, but nobody's listening to either
(30:06):
of them. But here's how the numbers look for the midterm.
And I think everything we've just played for you is
the reason why.
Speaker 3 (30:12):
The bottom line is this, Democrats are behind. They're two
thousand and six and twenty eighteen paces when it comes
to the generic congressional ballot.
Speaker 5 (30:20):
What are we talking about here, all right?
Speaker 3 (30:22):
The Democrats versus the Republicans on the generic congressional ballot
the margins. Look at where we are now. Democrats are ahead,
but by just two points. Look at where Democrats were
already head by in twenty seventeen. They were behind by
seven points, about two thousand and five on the Jeniic
congression ballot behind, excuse me a head by seven points,
ahead by seven points. And now they're only ahead by
two points.
Speaker 5 (30:41):
Their lead is.
Speaker 3 (30:42):
Less than half, less than half of where it was
in either twenty seventeen or two thousand and five in
July of those years, the year before the midterm election. Yes,
Donald Trump may be unpopular, but Democrats have not come
anywhere close to sealing the deal at this particular point.
Speaker 5 (30:57):
And mom Dommy is their ticket for everybody buck alone.
Speaker 4 (31:02):
Look, you just got a try hard, not the short.
Speaker 9 (31:05):
After the opportunity for a brief shipqu Perhaps you'd like
to be alone with a deteriorating mental condition politics.
Speaker 6 (31:14):
I don't know.
Speaker 2 (31:16):
It's your morning show with Michael del Chorno.
Speaker 1 (31:21):
I think if I'd have done fifty minutes of NonStop
fog Hat, we'd have set a ratings records.
Speaker 5 (31:26):
How many talkbacks on fog Hat did you get? I've
lost count? There were there were nine at the last count.
Everybody isn't slow rider to rejoin take eighty. Well, I
guess guess what it's going to be. I think that's true.
Speaker 1 (31:40):
Fifty fifty five minutes after the hour, Disneyland turns seventy. Today,
Connie Francis dies at the age of eighty seven, and
Zora and Mom Dommy went to Washington. I'm telling you
a season love. He wants a date with AOC. He's
got it. But who is this created character? And why
are they doubling down on socialist slash communism and taking
(32:02):
probably a really big mistake in New York City and
making it a national referendum. I don't have the answers
for everything. Sometimes things are just too foolish. Now, while
most immigration headlines are focusing on deportation, there is also
news from the border. Our national correspondent to your morning show,
Roy and Neil, is here. To tell us the latest
on the crackdowns and places.
Speaker 5 (32:21):
Like California, Arizona, New may Hall, and Texas. Good morning, Roy, Yeah,
good morning.
Speaker 18 (32:26):
Some great success reported by the Customers and Border Protection
with numbers in June hitting record lows. There were twenty
five thousand total encounters nationwide for the month. That's the
lowest in CBP history for the month. Apprehensions hit a
historic low with eight thousand for the month as well.
(32:47):
In fact, on June twenty eighth, there were just one
hundred and thirty six apprehensions. So a lot of CBP
officers is with nothing to do apparently.
Speaker 5 (32:56):
So obviously I'm teazy, I am teasing.
Speaker 1 (32:59):
No, no, I get I Obviously other nations are getting the message.
You know, if you have I don't want to make
this political, but it seems like if you have a
Democrat president, they see that as an open border sign
and they come and they get through, and they get
displaced throughout the country and they never show up for
court and it works. And then when it's Donald Trump,
(33:20):
not so much so they're not even coming. That's a
huge success. Those that are coming are not getting in.
That stops the problem. Now, what to do with the
problem of those who have entered and find a sensible conclusion.
I mean, that's the takeaway when it comes to securing
the border. It's secure. That's what these numbers may right.
Speaker 18 (33:39):
And a lot of this is because the cartel activity
has slowed down so much where they're just not bringing
people up from Central and South America to come to
that Mexican border with the US, and so those numbers
by the cartels are way down. That's also bringing down
the amount of ventanol and other drugs getting into the
country illegally as well. So it's really fall off, a
(34:00):
steep falloff in cartel activity, which is likely responsible for
the change of these numbers.
Speaker 1 (34:06):
And now you have the administration talking about tougher penalties
for fetanyl. I don't know if singling out fetanyl over
other danger sdrugs or guns or human trafficking, but that's
certainly the next the next layer of strategy that's coming.
And then there is home and kind of giving everybody
a glimpse that maybe some some some farm focus is
on the way and that gets into the degrees of
(34:27):
things that people want to see the border secure, they
want to see the drugs stop, the you know the
the others, but watch messing with other stuff. So they're
going to get to the more uncomfortable part and we'll
see if the American people stay behind it.
Speaker 18 (34:41):
Yeah, you know, And with that poll we talked about earlier,
you know, there's not a lot of support for the
activities by ICE agents on the ground. Only thirty nine
percent of voters approve, fifty seven percent disapprove, and two
thirds of Americans don't like this idea of deporting people
to a third country if they're here from Mexico to
poor them.
Speaker 1 (35:00):
What to do when their country doesn't want them is
another issue for another day. Great reporting, Rory is always
We'll talk again tomorrow.
Speaker 2 (35:06):
We're all in this together. This is your Morning Show
with Michael Ndel Joan No
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