As the tariff deals get done, the market continues to rise. Many of which, like Japan this week, come with trillions in US investment as well. Money wiz and economist David Bahnsen briefs us on what he expects to be the market and economic impact.
We may never know the reason why four Idaho college students were murdered in 2022, but we now know the sentence for their killer. National Correspondent RORY O’NEILL recaps the gruesome murders and explains the plea deal that Bryan Kohberger made with prosecutors.
Billy Joel’s “And So It Goes” part one is out, we visit with his friend and creative director Steve Cohen about how knowing the life behind the music might change everything!
See omnystudio.com/listener for privacy information.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hi, It's Michael.
Speaker 2 (00:00):
Your morning show can be heard on great radio stations
across the country like News Talk ninety two point one
and six hundred WREC in Memphis, Tennessee, or thirteen hundred
The Patriot in Tulsa, our Talk six to fifty KSTE
in Sacramento, California.
Speaker 1 (00:14):
We invite you to listen.
Speaker 2 (00:15):
Live while you're getting ready in the morning and to
take us along for the drive to work. But as
we always say, better late than never. Thanks for joining
us for the podcast.
Speaker 3 (00:23):
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 Bill Jordan.
Speaker 2 (00:37):
Tomorrow on Your Morning Show, a visit with Loud Diamond Phillips.
Speaker 1 (00:40):
You know him as Richieavins and It Up Bombab.
Speaker 2 (00:42):
But he's gone on to have an amazing television motion
picture career directing theater. It kind of combines it all
in a new movie called It Two. We'll talk to
him about that tomorrow, along with Friday with forty seven
busy week for the President.
Speaker 1 (00:57):
Look for to visiting with him tomorrow. Next half hour.
Speaker 2 (01:00):
A visit with one of Billy Joel's closest friends and
creative director who was assigned the task of putting the
team together to tell his life story. And so it
goes many of you who've seen part one. We'll talk
about what the intent of this documentary was and the
impact it's having on how we enjoy his music. First
things first, you know, we've had this analogy today of
the chase. A dog chasing its tail doesn't make a
(01:22):
lot of sense to a human. That's kind of what
the narratives in the news are doing to us. And
then I was kind of you know, unfolding. You know,
we get caught in the middle of a matrix and
a narrative battle, or even left versus right, or this
guy versus that guy fights, and we're kind of caught
in the middle. One of those great examples is President
(01:44):
Trump is planning to visit the Federal Reserve today. I
suspect to call attention to what they're not doing versus
what they are doing spending over a billion dollars on
renovations but not lowering interest rates. Well, this has become
so personal between the president in Jerome Powell. The least
likely thing to happen is the interest rate cuts that
(02:06):
probably should have happened by now why I can think
of a great profit money whiz an economist who said
such a thing, David Bonson, and he joins us, now,
good morning, David.
Speaker 1 (02:17):
Obviously this is more of the same, right, it.
Speaker 4 (02:23):
Sure is, And it's it's an interesting moment for a
lot of reasons, because there's people that.
Speaker 5 (02:31):
Can't really clearly fall.
Speaker 4 (02:33):
On one side, if you will, you know, I believe
Carmon Powell is wrong to have rates where they are,
and I believe the president is wrong to be job
boning him about it. And then I and then particularly
this last week is the first time President Trump actually
told us where the rate should be and why. And
he said it should be at least at one percent,
(02:54):
if not zero percent, and the reason is it would
save a trillion dollars a year interest for the government.
And so this is where I get so concerned, where
sometimes the president is thinking the right thing, you know,
rates should be lower, but for the totally wrong reason,
and it just leaves somebody like me not knowing what
to do and probably with less friends.
Speaker 2 (03:16):
But that's okay, yeah, I you know, there are so
many examples.
Speaker 1 (03:20):
Today.
Speaker 2 (03:23):
I think of Hillary Clinton buried in all of these
new documents they're coming out, is that if Russia was
interested in interfering in the election, it was to get
Hillary elected, not Donald Trump, and.
Speaker 1 (03:34):
To get Hillary elected because they had goods on her.
Speaker 2 (03:36):
So had Hillary won that election, we just spent four
years with a Hillary Clinton scandal. Instead, Donald Trump wins,
and we spent four years with a narrative of a
Donald Trump Russian scandal. I guess I'm leading up to
this question, David, had the President just kept to I mean, clearly,
the interest rates should be lower, and if they were,
(03:56):
along with the new deal and we're going to get
to Tariff's deals and investments in our country, economy would
be exploding at a much higher rate. But had the
President not singled out Powell, do you think he would
have cut him by now? I mean, we'll never know,
but I think and he said nothing, they probably would
have been cut by now.
Speaker 4 (04:15):
Well, I agree, and I've said that on your show
several times, that if he had said nothing, they probably
would have been cut by now.
Speaker 5 (04:20):
I don't agree that it's clearly that.
Speaker 4 (04:23):
The Fed should have been cutting by now, and I
will and even though I could make the argument pretty
clearly I will tell you this, most of the Republicans
that are piping mad, they haven't cut.
Speaker 5 (04:35):
If the inflation data.
Speaker 4 (04:36):
Was exactly where it is and all the economic data
was exactly where it is and Biden were president, they'd
be furious if he was cutting. Because what we do
is we decide that we believe in this thing called
a lag effect when it suits us.
Speaker 1 (04:52):
Now, we should believe in a.
Speaker 6 (04:53):
Lag effect because it's correct.
Speaker 4 (04:54):
But what that means is you don't wait until the
inflation target hits two when you'd see it believe that
you're on your way to it. You have to cut
in front of it, otherwise you'll be late. And it's
because of what Milton Feedman referred to as a lag
effect of monetary policy. Loosening rates takes a little time
for it to stimulate, and tightening rates takes too longer
(05:18):
to tighten, and you have to allow for that. And
it's one of the reasons I don't believe in the
FED doing any of this, because it becomes a little
bit of a circus act, a hocus focus if you write.
Speaker 1 (05:28):
But you know, I don't have any doubt.
Speaker 4 (05:31):
That most people's views on this are just political and
the one thing about President Trump I've always admired is
is honesty and just saying it. I want the FED
to cut rates because I like low rates, and I
want us to have lower rates in other countries. And
so my Capital Record podcast today, I go through his argument,
and we need one percent because it'll lower the government
(05:54):
borrowing money. And I point out, you know, mister President,
the other thing that would lower our cost of servicing
the debt is to.
Speaker 2 (06:00):
Have less debt debt. We do that, But but what
does that really revealed?
Speaker 1 (06:06):
David?
Speaker 2 (06:07):
I mean, you know, we were having a conversation last
half hour about America's ignorance of cryptocurrency, America's ignorance of
AI and it's coming, I mean, and so, but our
ignorance of how the market works. You know, you're talking
about the lag effect, Freedman's theory. I mean, I go
back to docking a boat in the wind. I mean,
I'm getting those analogies in my mind. Look, it's not
(06:28):
it should not be the goal of the president of
the United States to build a bigger government or to
lower or make the government's debt more affordable. In other words,
they've overspent. Correct the problem. Don't try to correct the
interest rate. Their job is to grow the economy, but
everybody loses sight of that for I guess their own
(06:51):
personal gain and perspective. And then the American people are
the referee or the ones who have to deal with
the consequence, and it's in a topic they don't really
understand or get. It's really a perfect crime in a way.
Speaker 1 (07:03):
Yeah, and in a lot of ways.
Speaker 5 (07:04):
I actually think it's a little bit worse than even.
Speaker 4 (07:06):
That now, because it's not just that we don't understand it.
It's that we've become so polarized and try.
Speaker 2 (07:14):
To think we do we pick a side that we
don't understand.
Speaker 4 (07:18):
Yeah, and I think that that's very true about monetary policy,
that a lot of people, not only laymen and voters
don't understand it, but politicians. But when President Trump, who
you know, is a business person and a real estate
person and has a very specific reason to always always
always want lower rates, borrowers like lower rates. But then
(07:40):
if you were to say, mister president, you also represent savers.
Do you think senior citizens with a savings account want
a one percent or zero percent rate on their savings?
Mister president, you also represent investors? Do you think that
it is a healthy way to get new money into
the economy to produce new things, when with really low
(08:03):
interest rates, all we have.
Speaker 5 (08:04):
To do is leverage old things. See, this is.
Speaker 4 (08:07):
What people do not understand. It's the biggest issue of
the pout seventeen years.
Speaker 1 (08:11):
Yep.
Speaker 4 (08:11):
Billionaires can leverage because they already have money and they
could borrow. But what you don't get is new investment
in new things. You put downward pressure on growth when
you artificially hold interest rates too low. We did it
for fifteen years after the financial crisis, and many of us.
Speaker 5 (08:30):
On the right were piping mad about it.
Speaker 4 (08:33):
But the President is not suggesting it right now for
a finister reason. He's suggesting it because he just doesn't
understand this, and I want him to understand it. Of course,
everybody likes one percent more than four percent if you're
the one paying the interest.
Speaker 5 (08:48):
But there's a trade off, and the trade off is
what we have to think about. And I just don't
think he.
Speaker 2 (08:54):
Is where would you want to see it heading? And
rather quickly, well, you know my.
Speaker 4 (09:00):
Answer, where I'd want to see it is not set
by me or you or Trump or Pal. I'd want
to see it set by market forces, borrowers and lenders
setting the price of capital the same way that a
shopper and a store set the prices on goods. But
to the extent that we are going to have a
fed which we are, that wants to set rates which
(09:22):
we are. I think that right now the neutral rate
that is neither tightening or stimulating is probably at about
two and a half to three percent.
Speaker 2 (09:31):
There you go, I was pretty close. See I'm learning
from my mentor, David Bonson is our money. Was an economist,
all right, So pretty significant deal with Japan. There might
be a European Union deal coming the Philippines and Indonesia.
Maybe not so much more in line like not even
maybe not even in line with Vietnam. But we're starting
to see some of these trade deals and then there's
like a separate scoreboard, like with Japan. An investment of
(09:52):
five hundred and fifty billion dollars into the US economy.
Speaker 1 (09:57):
How do you talk about lag effect?
Speaker 2 (09:59):
How do you how long will it take for these
things to kick in and have impact? And what's more
important the new tariff deals for the market and uncertainty
being removed or these investments that could actually increase rages
create jobs and actually build something and create something.
Speaker 4 (10:18):
Well, it's impossible to answer because nobody knows what will
actually happen. You know, Soft Bank had started the year
what was it called operations Starlink or something, and they
were going to spend five hundred billion dollars and they
announced the other day they so far spend it there
in total of zero. And so I don't I think
that each announcement has its own credibility or lack thereof
(10:41):
to it, and each has its own hope.
Speaker 5 (10:43):
And promise to it.
Speaker 4 (10:45):
And then also, as is the case of some of
the US companies saying, oh, we're going to bring fifty
billion dollars of investment, and some of it is money
they were already gonna spend, and.
Speaker 5 (10:54):
It isn't really additive.
Speaker 4 (10:56):
And so it's very hard for someone like me, who's
trying so hard to be very honest out it all,
to separate what was already gonna be versus what is additive.
And and and then of course.
Speaker 5 (11:07):
In the japan side, I don't I don't understand they
haven't given us any detail.
Speaker 4 (11:11):
When President Trump says at my direction, I don't have
any idea what that means, nowhere do I want the
President had States to be a portfolio manager for sovereign capital.
Speaker 5 (11:21):
So I don't know.
Speaker 1 (11:22):
What that means. I have to admit I left at
loud on that one. I have to interrupt to tell
you that made me laugh a lot. Although it's not funny,
I get it.
Speaker 5 (11:33):
But anyway, the answer is there is hope to it, but.
Speaker 4 (11:36):
We don't know what they mean Foreign Direct Investment FDI
where Japan is saying We're going to go buy US
treasuries or are they just referring to Japanese investors that
are now going to buy, you know, real estate and
stocks and things in the United States, which they were
going to be doing anyways, because we're a wonderful place
to invest.
Speaker 5 (11:55):
It's hard to say, so I'm going to be watching
it closely.
Speaker 1 (12:00):
Answer real quickly. Can we play big John Jeffrey.
Speaker 2 (12:03):
We had a question from one of our listeners who
was one of your biggest fans, and I don't know
how to restate it, so I'll let him state it
for himself.
Speaker 1 (12:09):
Quick question for mister David Boonson.
Speaker 7 (12:12):
If during the Biden administration they increased the debt and
the FED still lowered rates, why if the big beautiful
bill went through, increased the debt. Why can't the Fed
lower the rates now to help out Donald Trump?
Speaker 1 (12:31):
So I guess that's the two wrongs make a right question.
Speaker 5 (12:35):
Well, yeah, but remember they didn't lower rates with Biden.
Speaker 6 (12:38):
They dramatically raised rates.
Speaker 4 (12:39):
The rate was zero percent in the FED funds rate
when Joe Biden took office. He kept it at zero
percent for two years. It had been at zero percent
under Trump for most of the time Trump was president,
and then they raised it to five and a half percent.
Speaker 2 (12:59):
And there was a half and there was a pretty
historical interest rate. Heiights in history, right, And that's coming
out of COVID, which was one of the most massive spending.
Speaker 1 (13:07):
We pay people to stay home and then we turned
off they.
Speaker 4 (13:11):
So to answer his question, they certainly could lower rates now,
and I believe they should. I don't think they should
do it to help Trump. I don't think they should
not do it to hurt Trump. I don't think they
should have anything to do with Trump and didn't have
anything to do with Biden. The Fed is supposed to,
in theory, be setting the price of money at a
(13:31):
place that they believe will affect their policy aims, which
is full employment and sound money. And again, people can
disagree with them having those goals, and people can disagree
with how well they do at those goals, but those
goals do not involve helping or hurting a president.
Speaker 2 (13:48):
One of the voices I trust most, and I know
a lot of you do as well, David Bohnson with
the Bouncin Financial Group.
Speaker 1 (13:53):
You probably see them on Fox News.
Speaker 2 (13:54):
He also presides over the Dividend Cafe at Dividendcafe dot com.
What will you be talking about tomorrow on the.
Speaker 4 (14:00):
Yeah, it is a really big dive into the true
and honest state of manufacturing in the United States and
why so many people have a view that manufacturing has
fallen apart in the United States that is not totally
completely correct.
Speaker 5 (14:16):
And we're going to walk through the state of domestic.
Speaker 2 (14:19):
Manufacturing Dividend Cafe dot Com. David Bonson Bonson Financial Group,
Thank you so much for joining us.
Speaker 1 (14:26):
David, God bless you. This is your morning show with
Michael de Chuno.
Speaker 2 (14:32):
Lumby University has agreed to pay two hundred million dollars
to the Trump negotiated federal government for allegations against discriminating
against Jewish students.
Speaker 1 (14:41):
Mark Mayfield will break down the story for you.
Speaker 8 (14:44):
The move will restore hundreds of millions of dollars in
federal grants. Acting Columbia President Clairship and said in a
release that the agreement marks an important step forward after
a period of sustained federal scrutiny and institutional uncertainty. The
statement went on to say that while Columbia is not
admitting to any longdoing, the institution's leaders have recognized that
Jewish students and faculty have experienced painful and acceptable incidents.
(15:07):
Columbia will also pledge to follow law spanning the consideration
of race in admissions and hiring.
Speaker 1 (15:12):
I'm Mark Mayfield, what cause that pain? Wrongdoing? Jeffrey Epstein
associate Galeen Maxwell.
Speaker 2 (15:18):
He's being formally subpoenaed by a House Oversight committee.
Speaker 9 (15:21):
The letter, signed by committee chair James Comer, says Maxwell
is to be deposed on August eleven that Federal Correctional
Institution Tallahassee. This comes as lawmakers on both sides of
the Isle have put pressure on the Trump administration to
release more files related to Epstein. Maxwell is serving a
twenty year prison sentence after being convicted on sex trafficking
(15:43):
charges in twenty twenty one.
Speaker 2 (15:46):
I'm Brian Shook. Attention Uber drivers. Uber is launching a
new feature in the US.
Speaker 10 (15:50):
The Right Share company will begin piloting the feature in
Los Angeles, San Francisco, and Detroit next month, marking its
latest move to address safety on the platform. The company's
the writer's preference isn't guaranteed, but the feature increases the
chances women will be paired in the app.
Speaker 1 (16:06):
I'm at Mattinson.
Speaker 2 (16:07):
It would pair women drivers with women drivers Marvel's first family. Oh,
they're looking to make hundreds of millions of dollars in
their opening weekend. Fantastic four First Steps expected to do
about one hundred to one hundred ten million in domestic
box office and then an additional ninety to one hundred
million dollars in international box office. That would be the
biggest start for Marvel Marvel, including its last two films.
(16:32):
This is Steve the Wrestler, a refugee from the People's
Republic of Minnesota.
Speaker 1 (16:37):
And My Morning Show is Your Morning Show with Michael
del joino Hi. It's Michael.
Speaker 2 (16:49):
Your Morning Show airs live five to eight am Central,
six to nine Eastern in great cities like Memphis, Tennessee, Telsa, Oklahoma, Sacramento, California.
We'd love to be a part of your morning routine.
Happy you're here now, enjoy the podcast. This is your
morning show. I'm Michael del Jerono. No place I'd rather
be than serving you. Right now, Jeffrey is serving us
all with sound.
Speaker 1 (17:09):
Red's got an eye on the content.
Speaker 2 (17:10):
Director of National Intelligence Telsey Gabbert, is leaving it to
the Justice Department to decide on possible criminal implications regarding
the Obama administration's involvement in the twenty sixteen election and
Russia collusion. A judge sentenced Coburger to life in prison
without parole. The White House Chief of Staff is scheduled
(17:31):
to testify today ron Klain, who was central behind the
shadow campaign to save the democracy. He will be the
one to plead the fifth next, I believe. And Columbia
University agreed to a two hundred million dollar fine. Although
no wrongdoing, are you talking to me or him?
Speaker 1 (17:50):
What are you doing trying to tell Red Turner's mic off? Red,
turn your mic off?
Speaker 6 (17:54):
Thank you.
Speaker 2 (17:56):
I don't need all these distractions. And then I've always
said the making of a messenger is necessary or very
defining and understanding the message. And that's never more true
than it is with Billy Joel and so it goes.
Part one came out on HBO Max stunning revelations about
(18:20):
his childhood and his parents, studying, revelation about living with
his best friend and his wife and child and falling
in love with that woman and ending up with her
and then they don't even stay married, but she ends
up being critical as a manager. It's just a fascinating
life story. And most of the music you hear, you'll
(18:41):
never hear the same knowing this story. We're gonna talk
to the guy that was in charge. Billy put him
in charge of putting the team together to tell this
story and why, and we're gonna do that momentarily. But
first Roy O'Neil is joining us and Rory yesterday, I
think everybody's gonna remember Olivia Gonsalvez and her defense, her
victim impact statement that really made Coburger uncomfortable and I
(19:06):
think would have made her sister very proud. The judge
with an epic takedown. The one thing we don't get
is anything, nothing but a three word response. I respectfully decline.
So no message from Coburger on why he did this.
Where does that leave us?
Speaker 11 (19:22):
Yeah, and you know, there's no guarantee that had this
case gone to trial, we would have had a better
understanding as to why this was done either. But we
heard from the prosecutor who laid out the reasons behind
opting for this plea deal that took the death penalty
off the table and resulted in a sentence of life
in prison with no chance of parole. You know, you
(19:43):
want to avoid putting the community through this trauma again.
Some of the families are divided on this. The victims'
families are divided on the decision. President Trump wanted to
go forward with the trial, apparently according to the White
House Press Secretary. But it's certainly a difficult decision for
the prosecutor to make. But it does bring together this
(20:04):
idea of you could just lock this guy up and
throw away the key.
Speaker 2 (20:07):
Yeah, and the victim's impact statements, you kind of heard that.
You could tell the families that wanted to go all
the way and seek the death penalty those that actually
support the deal. There's no guarantee he would have been
put to death anytime soon, and then it would be
appeals with this life in prison, as the judge said,
is fifteen minutes of fame are up. You really can't
(20:28):
stop any kind of you know, deals that somebody might
make to do a movie or a book or something
like that. But he's done, he'll rot, He'll never leave
his cell for twenty three hours a day and for
the rest of his life until he dies. I would
say my main observation was not just in the impact statements,
(20:49):
but you brought up the prosecutor and in his statement,
the judge in his statement reactions during the victim impact statements,
it was one of the most emotional courtrooms I think
I've witnessed in a law time.
Speaker 11 (21:00):
I'm watching a judge here and you realize, you know,
this was small town events, right. Granted the trial was
happening in Boise, but this was Moscow, Idaho, and you know,
a community where everybody knows everybody, or they have a
friend of a friend. Two degrees of separation, I would say,
and how that whole community was impacted. And again I
(21:21):
think we could appreciate the difficult decision for the prosecution
as they were deciding whether or not to spend that
kind of money to cause that kind of trauma, and
again roll the dice with a prosecution that you know,
maybe some piece of evidence fell through or something like that,
and God forbid, there was no conviction. So instead we
get this and we'll soon forget this guy's name.
Speaker 2 (21:43):
Yeah, I pray so roy O'Neil, but never the victims,
We'll never forget them. Rory, thank you so much. All Right,
I got a chance to watch part one event, so
it goes. I'm a huge Billy Joel fan. I knew
for being such a big fan, knew very little. So
if you love Billy Joel and you love his music,
and you're interested in the life that created the thoughts
(22:06):
that created that music, it's a must see.
Speaker 1 (22:09):
And so it goes.
Speaker 2 (22:10):
And the man that was tapped to put the team
together to tell this story was Stephen Cohen, and he
joins us. Now, Stephen, why was it so important ability
to tell this story?
Speaker 6 (22:19):
Well, it wasn't, to be honest with you.
Speaker 12 (22:21):
He he's you know, he's been quoted as saying many
times that, look, I don't want to talk about my life.
It's in my songs. Like if you hear my songs,
you kind of know my life. But I think that
you know, all of us we get to a place
in our life where we feel more comfortable about telling
our backstory. And certainly a guy who's got such an
(22:41):
incredible body of work, you know, you know, at some
point it no longer becomes something that's that all that precious,
you know.
Speaker 6 (22:50):
I never I've never known.
Speaker 12 (22:51):
Billy to be manipulative, but he's always conscious. Uh He's
managed himself for the past thirty five years, so he's
a of his career and.
Speaker 6 (23:01):
The impact of the things he puts out there.
Speaker 12 (23:03):
So I think at some point there was a there
was a confluence of events, you know. Susan Lacey establishes
American Masters, She's a brilliant filmmaker about artists in the
creative process. Jessica Levin, her partner, is very committed as
a Billy Joel fan. So that combination made him feel
(23:25):
a little bit more comfortable that they were going to
be talking about this film and his body of work,
not from the celebrity aspect or the tabloid aspect. They
were going to be hued towards the music, and I
think I think he didn't want to have anything to
do with it.
Speaker 6 (23:43):
Which is why he said, you tell my story.
Speaker 12 (23:46):
And Susan said, well, you're going to have no editorial control,
and he said.
Speaker 6 (23:50):
Fine, just be honest.
Speaker 12 (23:53):
So I think that there was a part of you
know that's very uniquely Billy Joel, like put it out
there and see what happens.
Speaker 1 (23:59):
Yeah, he doesn't.
Speaker 2 (24:00):
He doesn't seem to spend any time thinking about his
impact and greatness. I don't think he realizes he is
one of the most consequential songwriters and artists and quite
frankly musicians of my lifetime. And I'm sixty, so it
spans a couple two to three generations. He doesn't seem
(24:21):
to be aware of that. I think one of the
things that comes out is what you witnessed in your
friendship with him, whatever he was living, he was writing,
and that comes out in the documentary. So to your
original point, it let his music do the talking. If
you want to know his life, listen to his music.
I mean it was very literal. I was telling my audience,
(24:41):
I don't know how you pick a favorite Billy Joel.
The best I can do is like five innocent man
I thought was genius. You know the New York song
the piano man.
Speaker 1 (24:59):
A lot of people want throw in Captain Jack.
Speaker 2 (25:03):
There are just so many you can't really, but they're
all literal about you know. When he was leaving California,
he wrote about it, you know, say Goodbye to Hollywood
when he was headed to New York, a New York
state of mind. So it really is there that comes out.
I have to tell you, I was shocked at the childhood.
That really moved me.
Speaker 12 (25:24):
Yeah, and you know, going back to your comment about
being literal, you know, part of the thing and we
lived through this. The critical slog that he had to
suffer was because of that literal quality to the lyrics
at a time when nobody did literal grit. And I
(25:46):
think and I think that, you know, one of the
things I find most gratifying in all of these years
is that, you know, it was a slow burn, but
now everybody realizes, you know, how great you know, their
their stories are because there are stories, you know, and
there are life experiences. And here's the interesting thing to me,
and we were talking about this, Billy and I were
(26:09):
talking about this that you know, he spent a lot
of time with these songs not telling you specifically what
they were about.
Speaker 6 (26:16):
Or who they were about, uh.
Speaker 12 (26:18):
And leaving them kind of gray around the edges so
that you could fill in your own life experiences. Now
this documentary comes and you learn that she's got a
ways about Elizabeth Weber, and you learn that the letto
was about their relationship, and you learn that you maybe
Wright was a true story so all of a sudden.
Speaker 1 (26:35):
And that big shot may have been about her too, And.
Speaker 6 (26:39):
It's like you're dumb like a fox.
Speaker 13 (26:41):
Like, now all these people the needle drops and go,
oh my god, I thought it was about this, and
now it's about that, and listen to them as if
they're brand new songs again. And he's sort of ironically
kind of you know, laughed at me and said, well,
it's not planned, but you never know.
Speaker 6 (26:55):
How this is.
Speaker 1 (26:56):
You never know.
Speaker 2 (26:57):
Steve Cohen is one of Billy Joel's closest friends. He's
his long time I'm creative director, and so it goes
is the documentary we see part one now, Part two
will be coming soon.
Speaker 1 (27:07):
I talked about it.
Speaker 2 (27:08):
The story tells about his father, I mean obviously comes
from a musical family. His father was very into classical music,
as Billy was. Please tell me the fun story about
how you know, because they could get boring playing these
classical things, so he would do rock and roll versions
and his father just swatted him out of a chair.
His mom probably bipolar, struggled with alcoholism, and then really
quite frankly his career, you know, falls in love with
(27:30):
his best friend's wife. They end up together, and then
by shock and surprise, she ends up being really the
manager that takes him to the next level, something she
wasn't even trained to be. I mean, everything in his
life kind of worked out for the best, and especially
for us, the audience. And if that was your goal
in this boy, you achieved it. What an amazing life
(27:50):
and story to tell and a storyteller and song.
Speaker 12 (27:54):
But there's a quote in this that is kind of
underscore everything you just said. But in the real world,
he says, you know, life is not a musical. It's
a Greek tragedy. You know, there's something very Shakespearean about
this experience, his experiences through life. And you know, I
think that, you know, one of the things I've observed
(28:16):
in all of these years with him is that, you know,
as difficult as it was for him to create the
stuff that he created, because it certainly was difficult.
Speaker 6 (28:28):
Because he's a perfectionist and it just had to be
just right.
Speaker 12 (28:32):
I think that there was a freeing aspect of it
in his life that gave him the energy to keep
moving forward. And it's it is really an everyman's story,
you know. I know my life has been lived pretty
much the same way that I have my work. I
have my life and my work, you know, feeds into
(28:55):
my life and vice versa. To have somebody actually write
it in a song and deliver it to you in
an art form that affects you so viscerally.
Speaker 6 (29:03):
And emotionally is a gift.
Speaker 12 (29:05):
And what we did in this film, what Susan and
Jessica accomplished in this film, and what I hope I
had a part of, is giving the audience that ability
to relate to those life experiences as if they happen
to themselves. That's the essence of Billy Joel to me,
and I think we're all very We're all better for it,
you know, I.
Speaker 6 (29:25):
Just believe that.
Speaker 1 (29:26):
Yeah.
Speaker 2 (29:26):
I think the clip that's going around most viral, and
again you need to sit down and watch this from
the very beginning and in context, and it's a little lengthy, lengthy,
especially for part one. But I am I was never born.
It was over too soon, and I can't wait for
part two. But Loyalty, the story about his band, who
he could have recorded with, but he's stuck by his band,
(29:49):
his love for music. I mean, I really believe that
if Billy Joel sat in a room alone with a piano,
he's just fine.
Speaker 1 (29:55):
We're not. But he's just fine. And he's just so.
Speaker 2 (30:00):
New York, isn't he He's just he's really a product
of of of where he was from.
Speaker 1 (30:06):
Just an amazing guy.
Speaker 2 (30:07):
I love him more now, uh to your to your
point though, I will go back now and I will
never think of me anymore. When I hear New York
state of mind, my love for Manhattan, my love for
upstate New York, I'll now see him driving and seeing
the leaves changing, innocent man, I will hear differently. It
(30:28):
won't be about Sean Duizan, my freshman year girlfriend that
got away, and my life won't be about my life.
Speaker 1 (30:33):
It'll be about his. That much has changed.
Speaker 2 (30:36):
I'm glad we get to do we have anything to
look forward to in part two that you can tease
it about ruining.
Speaker 12 (30:40):
No, I mean I think that the thing that you're
really going to enjoy in part two is a deep
dive into his family history. You're going to learn something
about the Joel family that no one ever knew. It's
kind of shocking and tragic and kind of underscores the.
Speaker 6 (30:58):
Deep you know, the deepd thing in Billy. Uh. You'll
learn about that.
Speaker 12 (31:05):
And I also think that you're going to see him
incredibly vulnerable in a in a really rough point in
his life, and I think that that's going to be revelatory.
The other thing I think is great about part two
is that Susan spent a lot of time in the
classical music stuff, and I think that's really important in.
Speaker 6 (31:24):
Billy's overall overall life.
Speaker 12 (31:28):
And and that the guy really just, you know, he
really just loves the fact that he's been fortunate enough
to have a piano in front of him his whole
life and be able to play.
Speaker 2 (31:38):
So, yeah, don't I don't know that fame turned out
to be what he wanted it to be, And I
don't think fame turns out that way for anybody, do you.
Speaker 6 (31:46):
I don't know, but I think he's navigated it pretty
damn well.
Speaker 1 (31:49):
Oh very well. He don't tell him this, because he
would hate this.
Speaker 2 (31:54):
I think he's the most talented pianist I've ever witnessed,
one of the most brilliant, masserful, creative musical minds. I
know he didn't fancy himself a great singer, but he
gave us some of the greatest vocal performances and some
of the greatest lyrics of my lifetime. Don't tell him,
but he's not mediocre. He's actually very, very special, and
(32:15):
I'm very.
Speaker 1 (32:16):
Grateful he was born.
Speaker 6 (32:17):
I don't think he thinks he's mediocre.
Speaker 12 (32:19):
I actually think that that that he's very honest when
he says, I'm just, you know, I'm just show up
and do the best I possibly can.
Speaker 6 (32:29):
Like that's that's what he does.
Speaker 12 (32:30):
And I think that there's a part of him that
that you know, likes what he does, and but he
strives for excellence and never never gets there, and he
never it's never perfect for him, and I guess that'll
be his curse forever.
Speaker 6 (32:45):
But I think he I think.
Speaker 2 (32:47):
He appreciated, well, he chose you to put together this
team to put this documentary together, and he chose, well,
you did a terrific job.
Speaker 1 (32:53):
I can't wait for part two.
Speaker 6 (32:54):
I appreciate it. I hope you enjoy it.
Speaker 2 (32:56):
It really will have a sixth sense on you, and
that you'll hear these songs completely different, knowing the stories
behind each of them. He really was the piano man
holding out on a contact with a music company that
was treating him unfairly. The people aren't real, but the
stories are real. And it's that way with every song.
And now when you hear them, now you'll live his life,
(33:20):
not the life you lived to those songs originally. And
so it goes. HBO, Max, don't miss it.
Speaker 3 (33:26):
It's your Morning Show with Michael del Churno.
Speaker 2 (33:31):
House Oversight Committee is voting to subpoena the Department of
Justice to release files related to the Jeffrey Epstein case.
Speaker 6 (33:37):
So committee approved the motion eight to two.
Speaker 8 (33:40):
House Overside Committee German James Comer will have to sign
the subpoena before it's officially issued, with a source telling
ABC News he plans to do so. This comes after
a judge denied a DOJ request who have grand jury
transcripts released related to a probe into Epstein in Florida.
Speaker 6 (33:54):
I'm Mark Mayfield.
Speaker 2 (33:55):
Meanwhile, Jeffrey Epstein's associate Gallen Maxwell is being formally pointed
by the House Oversight Committee. She never really told her story,
just took her twenty year sentence. She has a lot
to say if she'll say it. Speaking of that, the
Biden White House Chief of Staff is scheduled to testify
today in the GOP pro a former President Joe Biden's
mental fitness while in office.
Speaker 1 (34:16):
This is Ron Klain.
Speaker 2 (34:17):
He was a central figure in the shadow campaign that
got him elected and would probably know the most about
his condition and the.
Speaker 1 (34:23):
Cover up once he was in office.
Speaker 2 (34:25):
Most suspect he will plead the fifth Uber launching a
new feature that'll pair US women drivers to US women writers, and.
Speaker 1 (34:34):
Finally a concert.
Speaker 2 (34:36):
Today's National drive through Day for those of who want
to do some fast food.
Speaker 1 (34:40):
Pre Tennis says that story.
Speaker 14 (34:41):
Food Institute says nearly half of us will avoid a
business if it doesn't have a drive through. But is
that the right choice? McDonald says the average drive through
waytime is nearly seven minutes, but five minutes or less
at the counter.
Speaker 1 (34:54):
I'm pre Tennis and that'll do it for today. We're
all in this together. This is your Morning Show with
Michael and Heel join now
Hi, It's Michael.
Speaker 2 (00:00):
Your morning show can be heard on great radio stations
across the country like News Talk ninety two point one
and six hundred WREC in Memphis, Tennessee, or thirteen hundred
The Patriot in Tulsa, our Talk six to fifty KSTE
in Sacramento, California.
Speaker 1 (00:14):
We invite you to listen.
Speaker 2 (00:15):
Live while you're getting ready in the morning and to
take us along for the drive to work. But as
we always say, better late than never. Thanks for joining
us for the podcast.
Speaker 3 (00:23):
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 Bill Jordan.
Speaker 2 (00:37):
Tomorrow on Your Morning Show, a visit with Loud Diamond Phillips.
Speaker 1 (00:40):
You know him as Richieavins and It Up Bombab.
Speaker 2 (00:42):
But he's gone on to have an amazing television motion
picture career directing theater. It kind of combines it all
in a new movie called It Two. We'll talk to
him about that tomorrow, along with Friday with forty seven
busy week for the President.
Speaker 1 (00:57):
Look for to visiting with him tomorrow. Next half hour.
Speaker 2 (01:00):
A visit with one of Billy Joel's closest friends and
creative director who was assigned the task of putting the
team together to tell his life story. And so it
goes many of you who've seen part one. We'll talk
about what the intent of this documentary was and the
impact it's having on how we enjoy his music. First
things first, you know, we've had this analogy today of
the chase. A dog chasing its tail doesn't make a
(01:22):
lot of sense to a human. That's kind of what
the narratives in the news are doing to us. And
then I was kind of you know, unfolding. You know,
we get caught in the middle of a matrix and
a narrative battle, or even left versus right, or this
guy versus that guy fights, and we're kind of caught
in the middle. One of those great examples is President
(01:44):
Trump is planning to visit the Federal Reserve today. I
suspect to call attention to what they're not doing versus
what they are doing spending over a billion dollars on
renovations but not lowering interest rates. Well, this has become
so personal between the president in Jerome Powell. The least
likely thing to happen is the interest rate cuts that
(02:06):
probably should have happened by now why I can think
of a great profit money whiz an economist who said
such a thing, David Bonson, and he joins us, now,
good morning, David.
Speaker 1 (02:17):
Obviously this is more of the same, right, it.
Speaker 4 (02:23):
Sure is, And it's it's an interesting moment for a
lot of reasons, because there's people that.
Speaker 5 (02:31):
Can't really clearly fall.
Speaker 4 (02:33):
On one side, if you will, you know, I believe
Carmon Powell is wrong to have rates where they are,
and I believe the president is wrong to be job
boning him about it. And then I and then particularly
this last week is the first time President Trump actually
told us where the rate should be and why. And
he said it should be at least at one percent,
(02:54):
if not zero percent, and the reason is it would
save a trillion dollars a year interest for the government.
And so this is where I get so concerned, where
sometimes the president is thinking the right thing, you know,
rates should be lower, but for the totally wrong reason,
and it just leaves somebody like me not knowing what
to do and probably with less friends.
Speaker 2 (03:16):
But that's okay, yeah, I you know, there are so
many examples.
Speaker 1 (03:20):
Today.
Speaker 2 (03:23):
I think of Hillary Clinton buried in all of these
new documents they're coming out, is that if Russia was
interested in interfering in the election, it was to get
Hillary elected, not Donald Trump, and.
Speaker 1 (03:34):
To get Hillary elected because they had goods on her.
Speaker 2 (03:36):
So had Hillary won that election, we just spent four
years with a Hillary Clinton scandal. Instead, Donald Trump wins,
and we spent four years with a narrative of a
Donald Trump Russian scandal. I guess I'm leading up to
this question, David, had the President just kept to I mean, clearly,
the interest rates should be lower, and if they were,
(03:56):
along with the new deal and we're going to get
to Tariff's deals and investments in our country, economy would
be exploding at a much higher rate. But had the
President not singled out Powell, do you think he would
have cut him by now? I mean, we'll never know,
but I think and he said nothing, they probably would
have been cut by now.
Speaker 4 (04:15):
Well, I agree, and I've said that on your show
several times, that if he had said nothing, they probably
would have been cut by now.
Speaker 5 (04:20):
I don't agree that it's clearly that.
Speaker 4 (04:23):
The Fed should have been cutting by now, and I
will and even though I could make the argument pretty
clearly I will tell you this, most of the Republicans
that are piping mad, they haven't cut.
Speaker 5 (04:35):
If the inflation data.
Speaker 4 (04:36):
Was exactly where it is and all the economic data
was exactly where it is and Biden were president, they'd
be furious if he was cutting. Because what we do
is we decide that we believe in this thing called
a lag effect when it suits us.
Speaker 1 (04:52):
Now, we should believe in a.
Speaker 6 (04:53):
Lag effect because it's correct.
Speaker 4 (04:54):
But what that means is you don't wait until the
inflation target hits two when you'd see it believe that
you're on your way to it. You have to cut
in front of it, otherwise you'll be late. And it's
because of what Milton Feedman referred to as a lag
effect of monetary policy. Loosening rates takes a little time
for it to stimulate, and tightening rates takes too longer
(05:18):
to tighten, and you have to allow for that. And
it's one of the reasons I don't believe in the
FED doing any of this, because it becomes a little
bit of a circus act, a hocus focus if you write.
Speaker 1 (05:28):
But you know, I don't have any doubt.
Speaker 4 (05:31):
That most people's views on this are just political and
the one thing about President Trump I've always admired is
is honesty and just saying it. I want the FED
to cut rates because I like low rates, and I
want us to have lower rates in other countries. And
so my Capital Record podcast today, I go through his argument,
and we need one percent because it'll lower the government
(05:54):
borrowing money. And I point out, you know, mister President,
the other thing that would lower our cost of servicing
the debt is to.
Speaker 2 (06:00):
Have less debt debt. We do that, But but what
does that really revealed?
Speaker 1 (06:06):
David?
Speaker 2 (06:07):
I mean, you know, we were having a conversation last
half hour about America's ignorance of cryptocurrency, America's ignorance of
AI and it's coming, I mean, and so, but our
ignorance of how the market works. You know, you're talking
about the lag effect, Freedman's theory. I mean, I go
back to docking a boat in the wind. I mean,
I'm getting those analogies in my mind. Look, it's not
(06:28):
it should not be the goal of the president of
the United States to build a bigger government or to
lower or make the government's debt more affordable. In other words,
they've overspent. Correct the problem. Don't try to correct the
interest rate. Their job is to grow the economy, but
everybody loses sight of that for I guess their own
(06:51):
personal gain and perspective. And then the American people are
the referee or the ones who have to deal with
the consequence, and it's in a topic they don't really
understand or get. It's really a perfect crime in a way.
Speaker 1 (07:03):
Yeah, and in a lot of ways.
Speaker 5 (07:04):
I actually think it's a little bit worse than even.
Speaker 4 (07:06):
That now, because it's not just that we don't understand it.
It's that we've become so polarized and try.
Speaker 2 (07:14):
To think we do we pick a side that we
don't understand.
Speaker 4 (07:18):
Yeah, and I think that that's very true about monetary policy,
that a lot of people, not only laymen and voters
don't understand it, but politicians. But when President Trump, who
you know, is a business person and a real estate
person and has a very specific reason to always always
always want lower rates, borrowers like lower rates. But then
(07:40):
if you were to say, mister president, you also represent savers.
Do you think senior citizens with a savings account want
a one percent or zero percent rate on their savings?
Mister president, you also represent investors? Do you think that
it is a healthy way to get new money into
the economy to produce new things, when with really low
(08:03):
interest rates, all we have.
Speaker 5 (08:04):
To do is leverage old things. See, this is.
Speaker 4 (08:07):
What people do not understand. It's the biggest issue of
the pout seventeen years.
Speaker 1 (08:11):
Yep.
Speaker 4 (08:11):
Billionaires can leverage because they already have money and they
could borrow. But what you don't get is new investment
in new things. You put downward pressure on growth when
you artificially hold interest rates too low. We did it
for fifteen years after the financial crisis, and many of us.
Speaker 5 (08:30):
On the right were piping mad about it.
Speaker 4 (08:33):
But the President is not suggesting it right now for
a finister reason. He's suggesting it because he just doesn't
understand this, and I want him to understand it. Of course,
everybody likes one percent more than four percent if you're
the one paying the interest.
Speaker 5 (08:48):
But there's a trade off, and the trade off is
what we have to think about. And I just don't
think he.
Speaker 2 (08:54):
Is where would you want to see it heading? And
rather quickly, well, you know my.
Speaker 4 (09:00):
Answer, where I'd want to see it is not set
by me or you or Trump or Pal. I'd want
to see it set by market forces, borrowers and lenders
setting the price of capital the same way that a
shopper and a store set the prices on goods. But
to the extent that we are going to have a
fed which we are, that wants to set rates which
(09:22):
we are. I think that right now the neutral rate
that is neither tightening or stimulating is probably at about
two and a half to three percent.
Speaker 2 (09:31):
There you go, I was pretty close. See I'm learning
from my mentor, David Bonson is our money. Was an economist,
all right, So pretty significant deal with Japan. There might
be a European Union deal coming the Philippines and Indonesia.
Maybe not so much more in line like not even
maybe not even in line with Vietnam. But we're starting
to see some of these trade deals and then there's
like a separate scoreboard, like with Japan. An investment of
(09:52):
five hundred and fifty billion dollars into the US economy.
Speaker 1 (09:57):
How do you talk about lag effect?
Speaker 2 (09:59):
How do you how long will it take for these
things to kick in and have impact? And what's more
important the new tariff deals for the market and uncertainty
being removed or these investments that could actually increase rages
create jobs and actually build something and create something.
Speaker 4 (10:18):
Well, it's impossible to answer because nobody knows what will
actually happen. You know, Soft Bank had started the year
what was it called operations Starlink or something, and they
were going to spend five hundred billion dollars and they
announced the other day they so far spend it there
in total of zero. And so I don't I think
that each announcement has its own credibility or lack thereof
(10:41):
to it, and each has its own hope.
Speaker 5 (10:43):
And promise to it.
Speaker 4 (10:45):
And then also, as is the case of some of
the US companies saying, oh, we're going to bring fifty
billion dollars of investment, and some of it is money
they were already gonna spend, and.
Speaker 5 (10:54):
It isn't really additive.
Speaker 4 (10:56):
And so it's very hard for someone like me, who's
trying so hard to be very honest out it all,
to separate what was already gonna be versus what is additive.
And and and then of course.
Speaker 5 (11:07):
In the japan side, I don't I don't understand they
haven't given us any detail.
Speaker 4 (11:11):
When President Trump says at my direction, I don't have
any idea what that means, nowhere do I want the
President had States to be a portfolio manager for sovereign capital.
Speaker 5 (11:21):
So I don't know.
Speaker 1 (11:22):
What that means. I have to admit I left at
loud on that one. I have to interrupt to tell
you that made me laugh a lot. Although it's not funny,
I get it.
Speaker 5 (11:33):
But anyway, the answer is there is hope to it, but.
Speaker 4 (11:36):
We don't know what they mean Foreign Direct Investment FDI
where Japan is saying We're going to go buy US
treasuries or are they just referring to Japanese investors that
are now going to buy, you know, real estate and
stocks and things in the United States, which they were
going to be doing anyways, because we're a wonderful place
to invest.
Speaker 5 (11:55):
It's hard to say, so I'm going to be watching
it closely.
Speaker 1 (12:00):
Answer real quickly. Can we play big John Jeffrey.
Speaker 2 (12:03):
We had a question from one of our listeners who
was one of your biggest fans, and I don't know
how to restate it, so I'll let him state it
for himself.
Speaker 1 (12:09):
Quick question for mister David Boonson.
Speaker 7 (12:12):
If during the Biden administration they increased the debt and
the FED still lowered rates, why if the big beautiful
bill went through, increased the debt. Why can't the Fed
lower the rates now to help out Donald Trump?
Speaker 1 (12:31):
So I guess that's the two wrongs make a right question.
Speaker 5 (12:35):
Well, yeah, but remember they didn't lower rates with Biden.
Speaker 6 (12:38):
They dramatically raised rates.
Speaker 4 (12:39):
The rate was zero percent in the FED funds rate
when Joe Biden took office. He kept it at zero
percent for two years. It had been at zero percent
under Trump for most of the time Trump was president,
and then they raised it to five and a half percent.
Speaker 2 (12:59):
And there was a half and there was a pretty
historical interest rate. Heiights in history, right, And that's coming
out of COVID, which was one of the most massive spending.
Speaker 1 (13:07):
We pay people to stay home and then we turned
off they.
Speaker 4 (13:11):
So to answer his question, they certainly could lower rates now,
and I believe they should. I don't think they should
do it to help Trump. I don't think they should
not do it to hurt Trump. I don't think they
should have anything to do with Trump and didn't have
anything to do with Biden. The Fed is supposed to,
in theory, be setting the price of money at a
(13:31):
place that they believe will affect their policy aims, which
is full employment and sound money. And again, people can
disagree with them having those goals, and people can disagree
with how well they do at those goals, but those
goals do not involve helping or hurting a president.
Speaker 2 (13:48):
One of the voices I trust most, and I know
a lot of you do as well, David Bohnson with
the Bouncin Financial Group.
Speaker 1 (13:53):
You probably see them on Fox News.
Speaker 2 (13:54):
He also presides over the Dividend Cafe at Dividendcafe dot com.
What will you be talking about tomorrow on the.
Speaker 4 (14:00):
Yeah, it is a really big dive into the true
and honest state of manufacturing in the United States and
why so many people have a view that manufacturing has
fallen apart in the United States that is not totally
completely correct.
Speaker 5 (14:16):
And we're going to walk through the state of domestic.
Speaker 2 (14:19):
Manufacturing Dividend Cafe dot Com. David Bonson Bonson Financial Group,
Thank you so much for joining us.
Speaker 1 (14:26):
David, God bless you. This is your morning show with
Michael de Chuno.
Speaker 2 (14:32):
Lumby University has agreed to pay two hundred million dollars
to the Trump negotiated federal government for allegations against discriminating
against Jewish students.
Speaker 1 (14:41):
Mark Mayfield will break down the story for you.
Speaker 8 (14:44):
The move will restore hundreds of millions of dollars in
federal grants. Acting Columbia President Clairship and said in a
release that the agreement marks an important step forward after
a period of sustained federal scrutiny and institutional uncertainty. The
statement went on to say that while Columbia is not
admitting to any longdoing, the institution's leaders have recognized that
Jewish students and faculty have experienced painful and acceptable incidents.
(15:07):
Columbia will also pledge to follow law spanning the consideration
of race in admissions and hiring.
Speaker 1 (15:12):
I'm Mark Mayfield, what cause that pain? Wrongdoing? Jeffrey Epstein
associate Galeen Maxwell.
Speaker 2 (15:18):
He's being formally subpoenaed by a House Oversight committee.
Speaker 9 (15:21):
The letter, signed by committee chair James Comer, says Maxwell
is to be deposed on August eleven that Federal Correctional
Institution Tallahassee. This comes as lawmakers on both sides of
the Isle have put pressure on the Trump administration to
release more files related to Epstein. Maxwell is serving a
twenty year prison sentence after being convicted on sex trafficking
(15:43):
charges in twenty twenty one.
Speaker 2 (15:46):
I'm Brian Shook. Attention Uber drivers. Uber is launching a
new feature in the US.
Speaker 10 (15:50):
The Right Share company will begin piloting the feature in
Los Angeles, San Francisco, and Detroit next month, marking its
latest move to address safety on the platform. The company's
the writer's preference isn't guaranteed, but the feature increases the
chances women will be paired in the app.
Speaker 1 (16:06):
I'm at Mattinson.
Speaker 2 (16:07):
It would pair women drivers with women drivers Marvel's first family. Oh,
they're looking to make hundreds of millions of dollars in
their opening weekend. Fantastic four First Steps expected to do
about one hundred to one hundred ten million in domestic
box office and then an additional ninety to one hundred
million dollars in international box office. That would be the
biggest start for Marvel Marvel, including its last two films.
(16:32):
This is Steve the Wrestler, a refugee from the People's
Republic of Minnesota.
Speaker 1 (16:37):
And My Morning Show is Your Morning Show with Michael
del joino Hi. It's Michael.
Speaker 2 (16:49):
Your Morning Show airs live five to eight am Central,
six to nine Eastern in great cities like Memphis, Tennessee, Telsa, Oklahoma, Sacramento, California.
We'd love to be a part of your morning routine.
Happy you're here now, enjoy the podcast. This is your
morning show. I'm Michael del Jerono. No place I'd rather
be than serving you. Right now, Jeffrey is serving us
all with sound.
Speaker 1 (17:09):
Red's got an eye on the content.
Speaker 2 (17:10):
Director of National Intelligence Telsey Gabbert, is leaving it to
the Justice Department to decide on possible criminal implications regarding
the Obama administration's involvement in the twenty sixteen election and
Russia collusion. A judge sentenced Coburger to life in prison
without parole. The White House Chief of Staff is scheduled
(17:31):
to testify today ron Klain, who was central behind the
shadow campaign to save the democracy. He will be the
one to plead the fifth next, I believe. And Columbia
University agreed to a two hundred million dollar fine. Although
no wrongdoing, are you talking to me or him?
Speaker 1 (17:50):
What are you doing trying to tell Red Turner's mic off? Red,
turn your mic off?
Speaker 6 (17:54):
Thank you.
Speaker 2 (17:56):
I don't need all these distractions. And then I've always
said the making of a messenger is necessary or very
defining and understanding the message. And that's never more true
than it is with Billy Joel and so it goes.
Part one came out on HBO Max stunning revelations about
(18:20):
his childhood and his parents, studying, revelation about living with
his best friend and his wife and child and falling
in love with that woman and ending up with her
and then they don't even stay married, but she ends
up being critical as a manager. It's just a fascinating
life story. And most of the music you hear, you'll
(18:41):
never hear the same knowing this story. We're gonna talk
to the guy that was in charge. Billy put him
in charge of putting the team together to tell this
story and why, and we're gonna do that momentarily. But
first Roy O'Neil is joining us and Rory yesterday, I
think everybody's gonna remember Olivia Gonsalvez and her defense, her
victim impact statement that really made Coburger uncomfortable and I
(19:06):
think would have made her sister very proud. The judge
with an epic takedown. The one thing we don't get
is anything, nothing but a three word response. I respectfully decline.
So no message from Coburger on why he did this.
Where does that leave us?
Speaker 11 (19:22):
Yeah, and you know, there's no guarantee that had this
case gone to trial, we would have had a better
understanding as to why this was done either. But we
heard from the prosecutor who laid out the reasons behind
opting for this plea deal that took the death penalty
off the table and resulted in a sentence of life
in prison with no chance of parole. You know, you
(19:43):
want to avoid putting the community through this trauma again.
Some of the families are divided on this. The victims'
families are divided on the decision. President Trump wanted to
go forward with the trial, apparently according to the White
House Press Secretary. But it's certainly a difficult decision for
the prosecutor to make. But it does bring together this
(20:04):
idea of you could just lock this guy up and
throw away the key.
Speaker 2 (20:07):
Yeah, and the victim's impact statements, you kind of heard that.
You could tell the families that wanted to go all
the way and seek the death penalty those that actually
support the deal. There's no guarantee he would have been
put to death anytime soon, and then it would be
appeals with this life in prison, as the judge said,
is fifteen minutes of fame are up. You really can't
(20:28):
stop any kind of you know, deals that somebody might
make to do a movie or a book or something
like that. But he's done, he'll rot, He'll never leave
his cell for twenty three hours a day and for
the rest of his life until he dies. I would
say my main observation was not just in the impact statements,
(20:49):
but you brought up the prosecutor and in his statement,
the judge in his statement reactions during the victim impact statements,
it was one of the most emotional courtrooms I think
I've witnessed in a law time.
Speaker 11 (21:00):
I'm watching a judge here and you realize, you know,
this was small town events, right. Granted the trial was
happening in Boise, but this was Moscow, Idaho, and you know,
a community where everybody knows everybody, or they have a
friend of a friend. Two degrees of separation, I would say,
and how that whole community was impacted. And again I
(21:21):
think we could appreciate the difficult decision for the prosecution
as they were deciding whether or not to spend that
kind of money to cause that kind of trauma, and
again roll the dice with a prosecution that you know,
maybe some piece of evidence fell through or something like that,
and God forbid, there was no conviction. So instead we
get this and we'll soon forget this guy's name.
Speaker 2 (21:43):
Yeah, I pray so roy O'Neil, but never the victims,
We'll never forget them. Rory, thank you so much. All Right,
I got a chance to watch part one event, so
it goes. I'm a huge Billy Joel fan. I knew
for being such a big fan, knew very little. So
if you love Billy Joel and you love his music,
and you're interested in the life that created the thoughts
(22:06):
that created that music, it's a must see.
Speaker 1 (22:09):
And so it goes.
Speaker 2 (22:10):
And the man that was tapped to put the team
together to tell this story was Stephen Cohen, and he
joins us. Now, Stephen, why was it so important ability
to tell this story?
Speaker 6 (22:19):
Well, it wasn't, to be honest with you.
Speaker 12 (22:21):
He he's you know, he's been quoted as saying many
times that, look, I don't want to talk about my life.
It's in my songs. Like if you hear my songs,
you kind of know my life. But I think that
you know, all of us we get to a place
in our life where we feel more comfortable about telling
our backstory. And certainly a guy who's got such an
(22:41):
incredible body of work, you know, you know, at some
point it no longer becomes something that's that all that precious,
you know.
Speaker 6 (22:50):
I never I've never known.
Speaker 12 (22:51):
Billy to be manipulative, but he's always conscious. Uh He's
managed himself for the past thirty five years, so he's
a of his career and.
Speaker 6 (23:01):
The impact of the things he puts out there.
Speaker 12 (23:03):
So I think at some point there was a there
was a confluence of events, you know. Susan Lacey establishes
American Masters, She's a brilliant filmmaker about artists in the
creative process. Jessica Levin, her partner, is very committed as
a Billy Joel fan. So that combination made him feel
(23:25):
a little bit more comfortable that they were going to
be talking about this film and his body of work,
not from the celebrity aspect or the tabloid aspect. They
were going to be hued towards the music, and I
think I think he didn't want to have anything to
do with it.
Speaker 6 (23:43):
Which is why he said, you tell my story.
Speaker 12 (23:46):
And Susan said, well, you're going to have no editorial control,
and he said.
Speaker 6 (23:50):
Fine, just be honest.
Speaker 12 (23:53):
So I think that there was a part of you
know that's very uniquely Billy Joel, like put it out
there and see what happens.
Speaker 1 (23:59):
Yeah, he doesn't.
Speaker 2 (24:00):
He doesn't seem to spend any time thinking about his
impact and greatness. I don't think he realizes he is
one of the most consequential songwriters and artists and quite
frankly musicians of my lifetime. And I'm sixty, so it
spans a couple two to three generations. He doesn't seem
(24:21):
to be aware of that. I think one of the
things that comes out is what you witnessed in your
friendship with him, whatever he was living, he was writing,
and that comes out in the documentary. So to your
original point, it let his music do the talking. If
you want to know his life, listen to his music.
I mean it was very literal. I was telling my audience,
(24:41):
I don't know how you pick a favorite Billy Joel.
The best I can do is like five innocent man
I thought was genius. You know the New York song
the piano man.
Speaker 1 (24:59):
A lot of people want throw in Captain Jack.
Speaker 2 (25:03):
There are just so many you can't really, but they're
all literal about you know. When he was leaving California,
he wrote about it, you know, say Goodbye to Hollywood
when he was headed to New York, a New York
state of mind. So it really is there that comes out.
I have to tell you, I was shocked at the childhood.
That really moved me.
Speaker 12 (25:24):
Yeah, and you know, going back to your comment about
being literal, you know, part of the thing and we
lived through this. The critical slog that he had to
suffer was because of that literal quality to the lyrics
at a time when nobody did literal grit. And I
(25:46):
think and I think that, you know, one of the
things I find most gratifying in all of these years
is that, you know, it was a slow burn, but
now everybody realizes, you know, how great you know, their
their stories are because there are stories, you know, and
there are life experiences. And here's the interesting thing to me,
and we were talking about this, Billy and I were
(26:09):
talking about this that you know, he spent a lot
of time with these songs not telling you specifically what
they were about.
Speaker 6 (26:16):
Or who they were about, uh.
Speaker 12 (26:18):
And leaving them kind of gray around the edges so
that you could fill in your own life experiences. Now
this documentary comes and you learn that she's got a
ways about Elizabeth Weber, and you learn that the letto
was about their relationship, and you learn that you maybe
Wright was a true story so all of a sudden.
Speaker 1 (26:35):
And that big shot may have been about her too, And.
Speaker 6 (26:39):
It's like you're dumb like a fox.
Speaker 13 (26:41):
Like, now all these people the needle drops and go,
oh my god, I thought it was about this, and
now it's about that, and listen to them as if
they're brand new songs again. And he's sort of ironically
kind of you know, laughed at me and said, well,
it's not planned, but you never know.
Speaker 6 (26:55):
How this is.
Speaker 1 (26:56):
You never know.
Speaker 2 (26:57):
Steve Cohen is one of Billy Joel's closest friends. He's
his long time I'm creative director, and so it goes
is the documentary we see part one now, Part two
will be coming soon.
Speaker 1 (27:07):
I talked about it.
Speaker 2 (27:08):
The story tells about his father, I mean obviously comes
from a musical family. His father was very into classical music,
as Billy was. Please tell me the fun story about
how you know, because they could get boring playing these
classical things, so he would do rock and roll versions
and his father just swatted him out of a chair.
His mom probably bipolar, struggled with alcoholism, and then really
quite frankly his career, you know, falls in love with
(27:30):
his best friend's wife. They end up together, and then
by shock and surprise, she ends up being really the
manager that takes him to the next level, something she
wasn't even trained to be. I mean, everything in his
life kind of worked out for the best, and especially
for us, the audience. And if that was your goal
in this boy, you achieved it. What an amazing life
(27:50):
and story to tell and a storyteller and song.
Speaker 12 (27:54):
But there's a quote in this that is kind of
underscore everything you just said. But in the real world,
he says, you know, life is not a musical. It's
a Greek tragedy. You know, there's something very Shakespearean about
this experience, his experiences through life. And you know, I
think that, you know, one of the things I've observed
(28:16):
in all of these years with him is that, you know,
as difficult as it was for him to create the
stuff that he created, because it certainly was difficult.
Speaker 6 (28:28):
Because he's a perfectionist and it just had to be
just right.
Speaker 12 (28:32):
I think that there was a freeing aspect of it
in his life that gave him the energy to keep
moving forward. And it's it is really an everyman's story,
you know. I know my life has been lived pretty
much the same way that I have my work. I
have my life and my work, you know, feeds into
(28:55):
my life and vice versa. To have somebody actually write
it in a song and deliver it to you in
an art form that affects you so viscerally.
Speaker 6 (29:03):
And emotionally is a gift.
Speaker 12 (29:05):
And what we did in this film, what Susan and
Jessica accomplished in this film, and what I hope I
had a part of, is giving the audience that ability
to relate to those life experiences as if they happen
to themselves. That's the essence of Billy Joel to me,
and I think we're all very We're all better for it,
you know, I.
Speaker 6 (29:25):
Just believe that.
Speaker 1 (29:26):
Yeah.
Speaker 2 (29:26):
I think the clip that's going around most viral, and
again you need to sit down and watch this from
the very beginning and in context, and it's a little lengthy, lengthy,
especially for part one. But I am I was never born.
It was over too soon, and I can't wait for
part two. But Loyalty, the story about his band, who
he could have recorded with, but he's stuck by his band,
(29:49):
his love for music. I mean, I really believe that
if Billy Joel sat in a room alone with a piano,
he's just fine.
Speaker 1 (29:55):
We're not. But he's just fine. And he's just so.
Speaker 2 (30:00):
New York, isn't he He's just he's really a product
of of of where he was from.
Speaker 1 (30:06):
Just an amazing guy.
Speaker 2 (30:07):
I love him more now, uh to your to your
point though, I will go back now and I will
never think of me anymore. When I hear New York
state of mind, my love for Manhattan, my love for
upstate New York, I'll now see him driving and seeing
the leaves changing, innocent man, I will hear differently. It
(30:28):
won't be about Sean Duizan, my freshman year girlfriend that
got away, and my life won't be about my life.
Speaker 1 (30:33):
It'll be about his. That much has changed.
Speaker 2 (30:36):
I'm glad we get to do we have anything to
look forward to in part two that you can tease
it about ruining.
Speaker 12 (30:40):
No, I mean I think that the thing that you're
really going to enjoy in part two is a deep
dive into his family history. You're going to learn something
about the Joel family that no one ever knew. It's
kind of shocking and tragic and kind of underscores the.
Speaker 6 (30:58):
Deep you know, the deepd thing in Billy. Uh. You'll
learn about that.
Speaker 12 (31:05):
And I also think that you're going to see him
incredibly vulnerable in a in a really rough point in
his life, and I think that that's going to be revelatory.
The other thing I think is great about part two
is that Susan spent a lot of time in the
classical music stuff, and I think that's really important in.
Speaker 6 (31:24):
Billy's overall overall life.
Speaker 12 (31:28):
And and that the guy really just, you know, he
really just loves the fact that he's been fortunate enough
to have a piano in front of him his whole
life and be able to play.
Speaker 2 (31:38):
So, yeah, don't I don't know that fame turned out
to be what he wanted it to be, And I
don't think fame turns out that way for anybody, do you.
Speaker 6 (31:46):
I don't know, but I think he's navigated it pretty
damn well.
Speaker 1 (31:49):
Oh very well. He don't tell him this, because he
would hate this.
Speaker 2 (31:54):
I think he's the most talented pianist I've ever witnessed,
one of the most brilliant, masserful, creative musical minds. I
know he didn't fancy himself a great singer, but he
gave us some of the greatest vocal performances and some
of the greatest lyrics of my lifetime. Don't tell him,
but he's not mediocre. He's actually very, very special, and
(32:15):
I'm very.
Speaker 1 (32:16):
Grateful he was born.
Speaker 6 (32:17):
I don't think he thinks he's mediocre.
Speaker 12 (32:19):
I actually think that that that he's very honest when
he says, I'm just, you know, I'm just show up
and do the best I possibly can.
Speaker 6 (32:29):
Like that's that's what he does.
Speaker 12 (32:30):
And I think that there's a part of him that
that you know, likes what he does, and but he
strives for excellence and never never gets there, and he
never it's never perfect for him, and I guess that'll
be his curse forever.
Speaker 6 (32:45):
But I think he I think.
Speaker 2 (32:47):
He appreciated, well, he chose you to put together this
team to put this documentary together, and he chose, well,
you did a terrific job.
Speaker 1 (32:53):
I can't wait for part two.
Speaker 6 (32:54):
I appreciate it. I hope you enjoy it.
Speaker 2 (32:56):
It really will have a sixth sense on you, and
that you'll hear these songs completely different, knowing the stories
behind each of them. He really was the piano man
holding out on a contact with a music company that
was treating him unfairly. The people aren't real, but the
stories are real. And it's that way with every song.
And now when you hear them, now you'll live his life,
(33:20):
not the life you lived to those songs originally. And
so it goes. HBO, Max, don't miss it.
Speaker 3 (33:26):
It's your Morning Show with Michael del Churno.
Speaker 2 (33:31):
House Oversight Committee is voting to subpoena the Department of
Justice to release files related to the Jeffrey Epstein case.
Speaker 6 (33:37):
So committee approved the motion eight to two.
Speaker 8 (33:40):
House Overside Committee German James Comer will have to sign
the subpoena before it's officially issued, with a source telling
ABC News he plans to do so. This comes after
a judge denied a DOJ request who have grand jury
transcripts released related to a probe into Epstein in Florida.
Speaker 6 (33:54):
I'm Mark Mayfield.
Speaker 2 (33:55):
Meanwhile, Jeffrey Epstein's associate Gallen Maxwell is being formally pointed
by the House Oversight Committee. She never really told her story,
just took her twenty year sentence. She has a lot
to say if she'll say it. Speaking of that, the
Biden White House Chief of Staff is scheduled to testify
today in the GOP pro a former President Joe Biden's
mental fitness while in office.
Speaker 1 (34:16):
This is Ron Klain.
Speaker 2 (34:17):
He was a central figure in the shadow campaign that
got him elected and would probably know the most about
his condition and the.
Speaker 1 (34:23):
Cover up once he was in office.
Speaker 2 (34:25):
Most suspect he will plead the fifth Uber launching a
new feature that'll pair US women drivers to US women writers, and.
Speaker 1 (34:34):
Finally a concert.
Speaker 2 (34:36):
Today's National drive through Day for those of who want
to do some fast food.
Speaker 1 (34:40):
Pre Tennis says that story.
Speaker 14 (34:41):
Food Institute says nearly half of us will avoid a
business if it doesn't have a drive through. But is
that the right choice? McDonald says the average drive through
waytime is nearly seven minutes, but five minutes or less
at the counter.
Speaker 1 (34:54):
I'm pre Tennis and that'll do it for today. We're
all in this together. This is your Morning Show with
Michael and Heel join now
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