August 6, 2024 • 35 mins
What’s really brewing…recession, war, game-defining veep choice….or all of the above
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Speaker 1 (00:00):
Hi, I'm Michael.
Speaker 2 (00:00):
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(00:20):
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Speaker 3 (00:23):
Well two three starting your morning off right, A new
way of talk, a new way of understanding well, because
we're in this stupid This is.
Speaker 1 (00:35):
Your morning show with Mike Odell john Well. From the
top of my cup of coffee to this snooze button
of your alarm clock. May I be the first to
wish you a good morning? Good morning? How are you
feeling over there? Day four? Are summer colds just the worst?
(00:55):
Why are they so much worse than winter cold? I
don't know, but I think I'm starting to get yours. Well,
that's impossible. Physically, I can blame Nicholas my son. You
cannot blame me, But I'll tell you what a couple
of more octaves down and I'll be ready for you
a national radio program. All righty or not? Here we go.
(01:15):
Welcome to Tuesday, August sixth, Hear of Our Lord, twenty
twenty four. Thanks for waking up with your morning show
on the Aaron streaming live on your iHeartRadio app. I'm
Michael del Jorner. Well, the Vice president appears. First of all,
Let's all take this in for a second, shall we.
A woman who never entered the primary race for president
(01:36):
of the United States, never had a campaign or single event,
a debate, an interview, not a single American citizen's voice
voyce was heard and vote was counted for her, has
officially received the nomination in a virtual gathering in the
middle of the night. What is going on? And now
(02:05):
she's choosing a running met having not even run herself.
She's choosing a running meat and daring to make me
oh and two right, which is just downright in barrisking.
As you know, I thought Marco Rubio would be the pick.
(02:26):
After watching the RNC convention, I'm convinced that's so Donald
Trump wish she had picked, but Jadie Vance got the nod.
My pick of course, was Arizona Senator Mark Kelly come
on Airforce astronaut senator swing state. It all made too
much sense from Mama Lakamala. According to India News, I
(02:48):
wish I was making that up. If you scroll you'll
get The Hill, ABC News, CNN and India Today all
reporting Kamala has narrowed it down to two are they?
They're swing states? Pennsylvania being the key one always said
if it wasn't Mark Kelly, it's going to be Josh Shapiro.
(03:11):
As we head into a war, as the Palestindian protesters
are fighting in Chicago for more and more room to protest. Oh,
nineteen sixty eight is going to rear. It's ugly headed
about a month, and who knows what's going to be
happening simultaneously in the Middle East, And here comes Kamala
(03:31):
Harris now seemingly well, it's it's either Josh Shapiro, the
governor of Pennsylvania. And keep in mind, there is no
path forward without Pennsylvania. So if this is about the
electoral college map, it's Josh Shapiro. Minnesota could be in play,
just like Michigan could be in play. Can't do Michigan
(03:51):
can't have two females on the ticket, but you can
do Minnesota, and appears as though Kamala Harris has narrowed
things down to Tim Walls, governor of Minnesota, a twelve
year member of Congress. By the way, I thought it
was interesting. I was looking at the polling on all
of them. Like other governors who are being discussed, Governor
(04:13):
Tim Walt doesn't have much of a national profile, and
that also means he's relatively a blank slate. He wasn't
included in the AP polling, but a new ABC News
ipsty's poll, which asked about favorability slightly differently, found enough
(04:40):
information but not enough to have an opinion on him.
Nine and ten adults don't know enough about the guy
to even have an opinion. Does Kamala Harris choose a
secondary or a tertiary really swing state governor that know
one doesn't know? Or does she choose the pathway she needs?
(05:04):
Pennsylvania and Josh Shapiro. While all indications are it appears
to be down to those two. Much to talk about
today in this all for a nominee who never had
to run a race herself. Several US personnel have been
injured in a rocket attack against the US military and
Western Iraq. We're going to visit Lieutenant Colonel James Carafano.
(05:24):
What are the odds this has anything to do with
pending attacks from Iran? You'll see two things that are
kind of buried. What level or scale is Iran planning? Well,
that depends on a coalition. And b really Islamic motivation?
Do they really think this is the moment, this is
(05:46):
the hour they're on the offensive. War is about means,
motive and opportunity. Their motive has unchanged. It is a
call of their faith. It is a fulfillment of prophecy.
You convert the world or kill it. And its primary
(06:07):
goal is first come Saturday, then comes Sunday. First the
destruction of Israel and the killing of all Jews, then
the destruction of America and the killing of all Christians.
For then what they believe prophetically will be the appearance
of the hidden e Mom, the great e Mom that
will rule over Islamic bliss for a short period of time,
followed by Allah's return and judgment of all mankind virgins
(06:32):
to be dispersed later. You got to remember Mohammad came
along long after Judaism and long after Christianity, so they
borrowed a little bit from all of it. And there
are three types of Muslims today because there are three
types of Mohammed today, or three types of Mohammed in
(06:54):
his day. The first Mohammad was very peaceful. He's one
of three hundred and sixty five religions hanging out in Mecca.
Then all of a sudden he starts, you know, being
a little less tolerant of others. Then he becomes a troublemaker,
(07:14):
starts robbing caravans, starts taking out people who don't believe.
Ultimately ends a bloodthirsty warrior. So because he gave three
contradicting examples, we have three types of Muslims today. Peace
loving Muslims that mean no one any harm, political Muslims
to play for control and power, and then finally blood thirsty,
(07:37):
she hottest warriors. Here's your dilemma. You don't know which
of the three of they are until they act, and
that's of course too late. So what's going on behind
the scenes right now? Are they forming any kind of coalitions,
are they making any kind of widespread plans. We're going
to talk to Lieutenant Colonel James Carafano about that. My
(07:59):
guess is James knows they're going to retaliate. They have
to do something. You went on their soil. You took
out a Hamas leader. There's a proxy war, and you
took out the political proxy on their soil and embarrass them.
They're going to do something. How big and I always say,
(08:22):
talk about the epicenter of the world and the epicenter
of the epicenter of the Middle East. The episode of
the episode of the epicenter is real in the episent
of the epicenter of the epicenter of the episenter of
the temple mount that you get all of your attention. Well,
this is all in play, but at what level we
don't know yet, nor do we know if these missile
attacks on a Raqi base how by US personnel is
(08:42):
a part of it? I mentioned earlier. Can a candidate
win a presidential nomination without ever campaigning, without ever debating,
without ever receiving a single vote? Well, the answer is
obviously the name of save democracy. Yes, you're witnessing it.
(09:07):
Did you know that four states are headed the polls
today and key primary races. How is that even I mean,
what an inconvenient truth that is. This morning, the DNC
met in the middle of the night with virtual voting
(09:27):
and nominated Kamala Harris and four states citizens have yet
to vote. And this is democracy and the way we
used to do it isn't. What on earth could possibly
be next we'll talk more about that. Well, I'm sure
you woke up this morning and checked your accounts and
(09:49):
you lost a lot of money. You can't lose the
percentages we lost on Friday and even worse yesterday and
not have are we spiraling into a recession? Roy O'Neill's
following that top story today, we're also keeping an eye
on Tropical Storm Debbie, continuing to punish to the north
(10:10):
after making landfall as a Category one hurricane in Florida's
Big Bend area, just as we anticipated. The stalling in
North Florida and into the Carolinas and the flooding is
what we're keeping our eye on. As for the Olympic Games, well,
you know what, it was kind of refreshing to see
Simone Biles just be human on the balance beam where
(10:35):
her level of difficulty. Had she executed and stayed on
the beam, she'd ha won gold, but like four others,
she fell off the beam. Later in the floor, she
took the silver, stepped out of bounce twice and that
opened the door. But for Simone Biles, that silver medal
gives her eleven overall metals in her Olympic career. Team
(11:01):
USA is going to face Brazil the quarterfinals in Paris today.
The US women's basketball team, I don't I think I
have the number right, Jeffrey. I don't think they've lost
in sixty straight Olympic games. I have heard that as well.
I will check it out. I mean, there's a dream
team and then there's just you know, wow. The women's
basketball team's going to face Nigeria tomorrow in the quarterfinals.
(11:24):
The United States women's soccer team will attempt to advance
to the gold medal match. Today they play Germany in
a semi final match. And overall, yesterday the US added
eight more medals in the Paris Olympic Games. Team USA
is now up to seventy nine total medals, including twenty
one gold, which ties them with China. But when it
comes to total medals, nobody's even close. China sits at
(11:47):
second overall with fifty three twenty five back France's third.
The host country has forty eight medals. Do you know
we have Thursday night football coming up? I know, yes
I do, the Lions and Giants. I always thought we
kicked off the season with the the two Super Bowl teams.
Well this is this is still preseason, so no, but
(12:10):
I mean we kick off the preseason usually with the
two Super Bowl teams. The Lions are in there, yeah,
but they're against the Giants. I don't know. I don't know.
It always seems to end. You don't think we're going
to have like the whole Taylor Swift, Travis Kelsey think
again this year. I mean it's just sort of play
this year. Absolutely we are. Really who's gonna be fascinating?
She shows up? I mean if she shows up, she
(12:30):
brings the crowd with her. It just kind of is
what it is. I guess there's just some things though.
They just don't play as well. You know, you can't
tell Joe too many times before it's not funny anymore. No. Yeah,
she's a big fan though he's very popular. All right,
that's your Olympic update, that's your market update. Although we're
all holding their breath on what's going to happen again today?
(12:51):
And some are starting to brace I mean, big picture
is the market crash, recession, fears, tech losses, stagnant, wages
rise and unemployed. Is this consequence and proof of bidnomics failure? Secondly,
(13:19):
can you detach Kamala Harris from Bidenomics? I mean, what
does she believe that he doesn't? What would she do
any different than he has done? And thirdly, if they
find themselves in the heart of a run for the
general election and we got war directly between Iran and Israel,
(13:42):
raging in the Middle East, protesters raging at their convention,
at economy slipping into recession, how long can she get
away with a popularity based purely on emotion, not fact,
(14:02):
not reason, not wisdom. This is your Morning Show with
Michael del Chona. What are we serving today? Twenty six
minutes after the hour your Morning Show. I'm Michael del
Jorno and these are your top five stories of the day.
Come out, come out, wherever you are. Today's a big
day for Mamala. Kamala Brian shook me all night long
(14:25):
as our road to the White House. Top story Road
to the White House twenty twenty four Vice President Kamala
Harris is expected to unveil her running mate today. Democratic
consultant Adam Kinsey says there's no bad choice among the favorites.
It's a pretty important pick. I think that all the
names that we have been hearing though are all good.
Speaker 4 (14:46):
Harris and the new VP pick are expected to first
rally together in Philadelphia Tuesday night.
Speaker 2 (14:52):
I'm certainly not reading too much into the you know,
the location of things.
Speaker 4 (14:55):
Harris met with Pennsylvania Governor Josh Shapiro, Arizona's Senator Mark Kelly,
and Minnesota Governor Tim Walls over the weekend. Harris will
kick off a five day tour through seven crucial battle
ground states with her running mate this week in Washington.
I'm Brian Shook.
Speaker 1 (15:12):
And it appears narrowed down to the Minnesota Governor Walls
as well as Josh Shapiro, governor of Pennsylvania. Reports say
several US personnel have been injured in a rocket attack
against the US military base in Iraq. It happened at
the Al Asad Air Base. It's not yet known if
the strike came from or whom, but ABC News is
(15:36):
reporting two rockets were launched at the base. This comes
with the growing fears of the attack of Iran on
Israel and are they related. Apparently, both President Biden and
Vice President Harris have been briefed on the attack, while
the dispute between Chicago officials and groups planning to protest
at the DNC convention later this month rages on. During
a hearing yesterday, demonstrators demanded a more direct at a
(16:00):
longer route, we make a little more publicity for their
protest due to the large numbers of people expected to march,
and they should know they pay for him. Absolutely. There
will be tens of thousands of people, especially if there's
an expanded war in the Middle East, and there will
be voters at for states side of the polls today
(16:23):
for key primary races and a race completely already decided.
Tammy Trehilo has the details.
Speaker 5 (16:28):
Misery. Progressive Corey Bush is defending her House seat against
Democratic challenger Saint Louis County Prosecutor Wesley Bell. The race
is highlighted divides in the Democratic Party over the Israel
Hamas war, as Bush has taken a strong stance against
Israel's military campaign in Gaza in Michigan, three term congresswoman
Alissa Slotkin is the leading candidate for her party's nomination
(16:49):
to the Senate. The winner of the Democratic primary will
likely go up against former Representative Mike Rodgers, who Donald
Trump backs. Primaries are also underway today in Kansas and Walhington.
I'm Tammage for HEO and.
Speaker 1 (17:02):
Team USA leads the world seventy nine total metals, twenty
one gold, tied with China, thirty silver, twenty eight bronze.
In baseball, the Rangers four to three over the Astros,
DBAX one seven six over the Guardians, the fo the
Guardians and the Nats Cardinals all lost. Mariners and raise row.
Speaker 6 (17:19):
Hi.
Speaker 2 (17:19):
I'm Michael del Jorono, and your morning show can be
heard live as it's happening five to eight am Central
and six to nine Eastern on great stations like six
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part of your morning routine, but we're glad you're here now.
Speaker 1 (17:41):
Enjoy the podcast. Good morning everyone, thirty six minutes after
the hour. Thanks for waking up with your morning show.
We're on the air and streaming live on your iHeartRadio app.
Don't forget. We can't have your show without your voice.
So many ways to get a hold of us. You
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(18:02):
by a friend of ours, Rick Marino. You'll see a microphone.
Press it. I don't expect to be talking to us.
Leave a message to play that anybody thereby. Okay, he
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press it and then you could comment on anything we're
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with the class. That's where a lot of people like
(18:22):
to They don't stop making fun of him. There's a
lot of people like to record there, I'm so and
so from such and such in my morning show as
your morning show liners there as well, so they can
be heard introducing themselves to others across the country at
our morning kitchen table. And of course there's good old
fashioned email Michael d at iHeartMedia dot com and we
love to hear from you. I thought this was kind
(18:44):
of very interesting. Trey writes, Hey, I love your new show.
I appreciate your coverage of the Olympics the last few days.
One thing that I wanted to share with you is
I was watching the US ladies win gold. I saw white,
black Asian athletes joining together to compete for their country.
(19:05):
No other nation had such diversity. What anybody the way?
He says, it's amazing. Thank you for all you do.
God bless and he has. If we were a melting
pod and not woitness, wouldn't it be wonderful to Martin
Luther King's dream? Wouldn't it be wonderful? No matter your origin,
(19:30):
doesn't matter, your ancestry as much as you in the moment,
assimilated in line with the intent of the Declaration of Independence,
following the roadmap of the Constitution. Just being a proud
American working with those beside you to make America great.
That spirit of the Olympics. Wouldn't that be wonderful? Do
(19:52):
you think rather than lead the world every four years
in metals, perhaps we could lead the world every day
and things that matter economically personally. They don't focus on
their differences, their laser focused. Their passion and their focus
(20:15):
and their every action has set in motion a direction
with only one acceptable destination, victory dominance, and that's how
they get there. As citizens, we focus on how we're
all different and get a completely different outcome. As you
wake up this morning with a market crashing, a recession pending,
(20:36):
in war brewing in the Middle East, that's really a
profound email when you think about it, and at least
in sports we could talk about it without everybody jumping
down our throne. I saw this on X. I don't
even know who he is, but I think I follow it. Well, No,
(20:58):
I don't know if I follow me. I guess on X.
Can you just see people's posts, whether you follow them
or not. Yes, you can't get because I don't think
I've ever heard of him. His name is Hans Munsch
and he has the famous one. I can't play it
(21:18):
because you know commonly uses a foul word oops. But
he says most of Kamala Harris's clips being shared, they're
not going to move the needle because this election is
about emotions and most people don't care whether she's an airhead,
whether she's talking in word salads, whether she's laughing like
(21:40):
a nut. That's a profound question in and of itself.
One we've explored. Her wave right now is purely emotional.
It's not even based on her, it's not based on
(22:02):
any facts, just a pure emotional wave. Now will it
last as we move forward? I in my Sounds of
the Day wanted to feature this because this happened during
the House hearings on the assassination attempt of Donald Trump,
(22:25):
where I was like, Okay, AOC gets this. In fact,
you could make a case while several prosecuted the then
head of the Secret Service for planning failures, execution failures,
communication failures, AOC actually attacked the most important thing, in fact,
(22:47):
the thing that has yet to be addressed. If Donald
Trump had been killed that day, we would be facing chaos,
maybe even civil war. We can't waits for you to
have some kind of sham internal investigation. We got sixty days.
If heated politics ahead, and if any of these candidates
(23:08):
are killed, it could threaten peace stability, could create a
civil war situation. Now, your answers have been unacceptable all day,
But making us wait sixty days before you can give
us answers, that's a threat to our national security, I mean,
and then I had to go on the air the
next ding and say something I never thought i'd say.
(23:30):
AOC was the wisest in the room. I heard three
roosters crow, and I fell to my knees and wept.
This is similar to that. This is a you know,
I'm trying not to do with what Hans just warned us.
But here's Kamalin Harrison twenty sixteen, and here's AOC in
(23:51):
twenty eighteen. I don't have a lot of heroes on
the left. In fact, I don't have any heroes on
the left. I'll just be honest, transparent. But why is
the worst of them all rising to the top.
Speaker 7 (24:10):
Listen, they say they will make America great again. Well,
in my mind that statement begs an obvious question.
Speaker 8 (24:22):
Again for whom, Because this is twenty sixteen, during the primaries,
attacking Donald Trump, who they're all laughing at at this point.
Speaker 1 (24:36):
And presuming, of course, Hillary's going to win. But with
the passage of time, you know, for whom, Unfortunately for
her and Hillary, for everyone Hispanics, blacks, whites, middle class, Unfortunately,
(24:57):
you're going to hear the same rhetoric years later, in
twenty twenty four, hoping you don't know what the last
four years or today looks like compared to four years ago.
But that's her mocking make America great again.
Speaker 7 (25:23):
Can someone tell me exactly which part of the past
they want to bring back?
Speaker 9 (25:30):
It is kind of an interesting thing, like when Donald
Trump tapped into this idea of make America great again.
There were there was times of economic opportunity. It sounds
like so so controversial to say, but I think it
is important that we do look back at times of
(25:51):
great social and economic mobility.
Speaker 10 (25:53):
That was a time when Americans could afford a home.
Speaker 9 (25:56):
That was a time when people could afford to have
a spouse raise their children, and the other spouse helped
nake ends meet. We had a point in our country,
a point of actually very great social and economic mobility.
Speaker 1 (26:12):
I mean a how refreshing is it to hear somebody
find common ground leave the jail cell of talking points. Now,
what she didn't realize in twenty eighteen when she was
saying this is that by the time we have another
(26:33):
election in twenty twenty four, you literally won't be able
to afford a home. There'll be a housing crisis, a
border crisis, an economic crisis, an inflation crisis, a recession crisis.
But here's the question of the morning, and it's going
(26:56):
to be the question of every morning until the first
week of November. Will America get beyond the emotion us
versus them making fun of them? While they're making fun
of us, these talking puppets saying nothing while we're paying
for and suffering so much. When do we get beyond
(27:19):
emotions to fact? When do we stop being enemies of
each other and unite to create a brighter future, if
not for ourselves, hopefully for our children.
Speaker 6 (27:34):
This is Deba Morris from our little town of Franklin, Tennessee.
Speaker 10 (27:38):
My morning show is your morning show with Michael Giljoorna.
Speaker 1 (27:42):
Here's what's on the table this morning for breakfast. VP
Mama to Kamala Harris, come out, come out wherever you are.
You got to announce it now. She'll be in Philadelphia.
The presumption is it's either going to be the Minnesota
Governor Tim Waltz or it's going to be the Pennsylvania
Governor Josh Shapiro. She has narrowed it down to two,
which will we find out later today? In PA several
(28:03):
US personnel have been injured in a rocket attack against
US military base in western Iraq. Voters and four states
headed the polls today for key primary races. Tropical Storm
Debi continues to stall and dump inches and inches of
rain in Florida and in the Carolinas, causing flooding of
the US added another eight more medals yesterday. They dominate
(28:26):
the world with seventy nine total medals, nobody within twenty
five of that, and they're now tied for gold at
number one with China with twenty one. And then all
eyes are on the market. Big sell off on Friday,
some calling it a crash yesterday. We might want to
get our terminology right, but is the market spiraling and
(28:47):
stoking the fears of recession? Aaron Real is our your
morning show correspondent joining us Now, I guess well, that's
in the eye of the beholder, right.
Speaker 6 (28:57):
And I have the beholder or in the eye of
the economist who coined some sort of term.
Speaker 10 (29:03):
That makes it true or false.
Speaker 6 (29:05):
Long story short, What happened on Friday which caused yesterday's
absolutence was that we had a disappointing July jobs report,
so investors were concerned about that coupled with the fact
that the Fed last Wednesday decided to keep interest rates
where they are at this decade long high and not
(29:25):
lower them, but they said they might in September.
Speaker 10 (29:29):
Welcoming the SSAM.
Speaker 6 (29:30):
Rule rule is Claudia Salm's. She's an economist, she worked
for the FED. She coined this in twenty nineteen. Basically,
it says that they have observed without fail that the
initial phase of a recession has started when you have
three months of US unemployment rate that's at least a
half percentage point higher than the twelve month low.
Speaker 10 (29:47):
Okay, so that's happening.
Speaker 6 (29:49):
However, she went on to say that she's not convinced
it's totally here. Essentially, what the Sam rule does is
it tells us something deeper about the recessionary process.
Speaker 10 (29:59):
So basically, what it says is that if.
Speaker 6 (30:01):
The rate rises above five basis points, it's probably going
to rise a lot more. So it's that escape velocity
that makes things very dangerous. We are not there today
because the technical definition of a recession is two quarters
of declining.
Speaker 10 (30:13):
GDP, which we haven't had.
Speaker 6 (30:15):
So until we get there, we're still in an okay place,
and there's lots of levers with a fed to poll,
but they haven't pulled them.
Speaker 1 (30:21):
Yet, all right, so don't panic. It's not a recession
yet by anyone's definition or even a sound theory. However,
it is enough of a down market and a perception
of down economy. Just don't the fears of recession. But
I like the way you worded it. There's some levers
to be pushed. Well, we'll find out. So we know
the tech numbers causes sell off, we know the jobs
(30:45):
report causes sell off, and we know that them not
lowering interest rates potentially caused a sell off. Well, the
only one you can really act on is have an
emergency rate reduction, right or one of the only Yes.
Speaker 10 (30:58):
That's the only one you can add on. Yeah, it's
a big one.
Speaker 6 (31:01):
And just to be clear, that emergency rate reduction, we
might not be there because if you just look at
what happened overnight, we saw the Finny k in Japan
that's having a great day, highest numbers that they've posted
since the eight recession. Already the futures markets here are
looking up. And again, these emergency rate cuts they're rare
and they really only occur during like extreme emergencies. There's
(31:22):
only been seven that have been approved since two thousand
and one. One was after the September eleventh terrorist attack
and in the Great Recession, and then two during the pandemic.
So as you can see, these are like extraordinary times,
and we might not it might.
Speaker 1 (31:41):
By the way, this hour of the show is brought
to you by Connecticut Connecticut Internet. When you need it most,
we're not there, Ericus. Yeah, you're kind of not bad,
but that's important information. So please go over that list
of the last times they did an emergency rate quip.
Nine to eleven was the one, and then you cut out.
Speaker 6 (32:03):
Okay, nine to eleven two. There was also one during
the tech bubble that burst, two during the Great Recession,
and two during the pandemic. So again, these are extraordinary times.
By the way, CONDICID internets.
Speaker 1 (32:15):
Or none of those match the time we're living.
Speaker 6 (32:17):
Today right exactly exactly, And thank you for saying it,
because no, they don't, and we don't need to all
freak out right now.
Speaker 1 (32:28):
Well doesn't mean we're not freaking out. I lost a
lot of money, Eric Kenny, I'm kidding, all right. So
these are the things that we look at, but you know,
everything is so emotional, and everything is so I don't know,
narrative ized, I guess would be the word talking pointed
that just kind of has a life of its own,
and somehow facts and reasonableness and understanding doesn't exist. Well,
(32:51):
if that happened when I'm standing at the edge of
a balcony high up in the air, I might be
convinced I'm going to fall any minute, or I could
tell you in the Saint Louis when you feel its
sway a little bit, you feel like some we should
get down now.
Speaker 10 (33:04):
But but the fact of the matter is you really
I didn't know that.
Speaker 1 (33:09):
Well, the worst is, there's nothing as bad as the
either Well, they don't call it Sears Tower now, it's
Willis Tower. I will never get used to calling it that.
But anyway, the Sears Tower of the Hancock in Chicago
is a long, constant sway that's literally where you slowly
feel yourself go left. Then you slowly feel that's eerie.
(33:29):
I didn't I was told people were feeling it. I
didn't feel it myself in the arch, but apparently the
arch could give a little too. But no, but but
it's just not reasonable when we just broke this down
in five minutes. You can see this is nothing like
after nine to eleven. This is nothing like in the
heart of COVID. And of course a lot of COVID
was not just COVID. It was a lot of responses
(33:51):
and reactions to COVID, all seemingly making things worse and worse.
None of that is happening right now. What we had
was too really bad indicators that cause two really bad
sell offs, and my guesses built into there is some
buyback room we're seeing in Japan already, and we might
see in America today.
Speaker 6 (34:08):
Who knows, yes exactly, And we're gonna have to wait.
I mean, listen, I think that it's imperative that everyone
take a beat. We are seeing that, and I do
think that we will course correct because there's nothing actually
terrible happening right now.
Speaker 1 (34:22):
Well, Mike, my head cold is terrible. Just a moment
of narcissism.
Speaker 6 (34:27):
I thought it was really sorry about that, mikeel if
I don't want you to have a head cold.
Speaker 10 (34:30):
That's not good.
Speaker 1 (34:32):
Do you see how good I'm getting at all this
money stuff. I'm almost like you're you're understudy.
Speaker 10 (34:36):
Now you're grated it all right, Eric's great.
Speaker 1 (34:39):
Aaron's going to be back tomorrow with more great reporting.
But thanks for that update, and by the time you
come back tomorrow, we'll get the answer today if America
goes the way of Japan and gets a little bit
of recovery. Thanks for reporting.
Speaker 10 (34:50):
Thanks Michael, have a good day YouTube.
Speaker 1 (34:52):
All right, fifty seven minutes after the hour at your
Morning Show, when we come back our Sounds of the day,
I'm going to pick two or three stories that I
think no one is really focused on, and then the
one that everyone's focused on in search of understanding there
as well. We're all in this together. This is Your
Morning Show with michae ovenheld jour No
Hi, I'm Michael.
Speaker 2 (00:00):
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 nine The Patriot
in Saint Louis or Talk Radio ninety eight point three
and fifteen ten WLAC and Nashville and News Talk five
fifty k f YI and Phoenix, Arizona. Love to be
a part of your morning routine, but we're always grateful
(00:20):
you're here. Now enjoy the podcast.
Speaker 3 (00:23):
Well two three starting your morning off right, A new
way of talk, a new way of understanding well, because
we're in this stupid This is.
Speaker 1 (00:35):
Your morning show with Mike Odell john Well. From the
top of my cup of coffee to this snooze button
of your alarm clock. May I be the first to
wish you a good morning? Good morning? How are you
feeling over there? Day four? Are summer colds just the worst?
(00:55):
Why are they so much worse than winter cold? I
don't know, but I think I'm starting to get yours. Well,
that's impossible. Physically, I can blame Nicholas my son. You
cannot blame me, But I'll tell you what a couple
of more octaves down and I'll be ready for you
a national radio program. All righty or not? Here we go.
(01:15):
Welcome to Tuesday, August sixth, Hear of Our Lord, twenty
twenty four. Thanks for waking up with your morning show
on the Aaron streaming live on your iHeartRadio app. I'm
Michael del Jorner. Well, the Vice president appears. First of all,
Let's all take this in for a second, shall we.
A woman who never entered the primary race for president
(01:36):
of the United States, never had a campaign or single event,
a debate, an interview, not a single American citizen's voice
voyce was heard and vote was counted for her, has
officially received the nomination in a virtual gathering in the
middle of the night. What is going on? And now
(02:05):
she's choosing a running met having not even run herself.
She's choosing a running meat and daring to make me
oh and two right, which is just downright in barrisking.
As you know, I thought Marco Rubio would be the pick.
(02:26):
After watching the RNC convention, I'm convinced that's so Donald
Trump wish she had picked, but Jadie Vance got the nod.
My pick of course, was Arizona Senator Mark Kelly come
on Airforce astronaut senator swing state. It all made too
much sense from Mama Lakamala. According to India News, I
(02:48):
wish I was making that up. If you scroll you'll
get The Hill, ABC News, CNN and India Today all
reporting Kamala has narrowed it down to two are they?
They're swing states? Pennsylvania being the key one always said
if it wasn't Mark Kelly, it's going to be Josh Shapiro.
(03:11):
As we head into a war, as the Palestindian protesters
are fighting in Chicago for more and more room to protest. Oh,
nineteen sixty eight is going to rear. It's ugly headed
about a month, and who knows what's going to be
happening simultaneously in the Middle East, And here comes Kamala
(03:31):
Harris now seemingly well, it's it's either Josh Shapiro, the
governor of Pennsylvania. And keep in mind, there is no
path forward without Pennsylvania. So if this is about the
electoral college map, it's Josh Shapiro. Minnesota could be in play,
just like Michigan could be in play. Can't do Michigan
(03:51):
can't have two females on the ticket, but you can
do Minnesota, and appears as though Kamala Harris has narrowed
things down to Tim Walls, governor of Minnesota, a twelve
year member of Congress. By the way, I thought it
was interesting. I was looking at the polling on all
of them. Like other governors who are being discussed, Governor
(04:13):
Tim Walt doesn't have much of a national profile, and
that also means he's relatively a blank slate. He wasn't
included in the AP polling, but a new ABC News
ipsty's poll, which asked about favorability slightly differently, found enough
(04:40):
information but not enough to have an opinion on him.
Nine and ten adults don't know enough about the guy
to even have an opinion. Does Kamala Harris choose a
secondary or a tertiary really swing state governor that know
one doesn't know? Or does she choose the pathway she needs?
(05:04):
Pennsylvania and Josh Shapiro. While all indications are it appears
to be down to those two. Much to talk about
today in this all for a nominee who never had
to run a race herself. Several US personnel have been
injured in a rocket attack against the US military and
Western Iraq. We're going to visit Lieutenant Colonel James Carafano.
(05:24):
What are the odds this has anything to do with
pending attacks from Iran? You'll see two things that are
kind of buried. What level or scale is Iran planning? Well,
that depends on a coalition. And b really Islamic motivation?
Do they really think this is the moment, this is
(05:46):
the hour they're on the offensive. War is about means,
motive and opportunity. Their motive has unchanged. It is a
call of their faith. It is a fulfillment of prophecy.
You convert the world or kill it. And its primary
(06:07):
goal is first come Saturday, then comes Sunday. First the
destruction of Israel and the killing of all Jews, then
the destruction of America and the killing of all Christians.
For then what they believe prophetically will be the appearance
of the hidden e Mom, the great e Mom that
will rule over Islamic bliss for a short period of time,
followed by Allah's return and judgment of all mankind virgins
(06:32):
to be dispersed later. You got to remember Mohammad came
along long after Judaism and long after Christianity, so they
borrowed a little bit from all of it. And there
are three types of Muslims today because there are three
types of Mohammed today, or three types of Mohammed in
(06:54):
his day. The first Mohammad was very peaceful. He's one
of three hundred and sixty five religions hanging out in Mecca.
Then all of a sudden he starts, you know, being
a little less tolerant of others. Then he becomes a troublemaker,
(07:14):
starts robbing caravans, starts taking out people who don't believe.
Ultimately ends a bloodthirsty warrior. So because he gave three
contradicting examples, we have three types of Muslims today. Peace
loving Muslims that mean no one any harm, political Muslims
to play for control and power, and then finally blood thirsty,
(07:37):
she hottest warriors. Here's your dilemma. You don't know which
of the three of they are until they act, and
that's of course too late. So what's going on behind
the scenes right now? Are they forming any kind of coalitions,
are they making any kind of widespread plans. We're going
to talk to Lieutenant Colonel James Carafano about that. My
(07:59):
guess is James knows they're going to retaliate. They have
to do something. You went on their soil. You took
out a Hamas leader. There's a proxy war, and you
took out the political proxy on their soil and embarrass them.
They're going to do something. How big and I always say,
(08:22):
talk about the epicenter of the world and the epicenter
of the epicenter of the Middle East. The episode of
the episode of the epicenter is real in the episent
of the epicenter of the epicenter of the episenter of
the temple mount that you get all of your attention. Well,
this is all in play, but at what level we
don't know yet, nor do we know if these missile
attacks on a Raqi base how by US personnel is
(08:42):
a part of it? I mentioned earlier. Can a candidate
win a presidential nomination without ever campaigning, without ever debating,
without ever receiving a single vote? Well, the answer is
obviously the name of save democracy. Yes, you're witnessing it.
(09:07):
Did you know that four states are headed the polls
today and key primary races. How is that even I mean,
what an inconvenient truth that is. This morning, the DNC
met in the middle of the night with virtual voting
(09:27):
and nominated Kamala Harris and four states citizens have yet
to vote. And this is democracy and the way we
used to do it isn't. What on earth could possibly
be next we'll talk more about that. Well, I'm sure
you woke up this morning and checked your accounts and
(09:49):
you lost a lot of money. You can't lose the
percentages we lost on Friday and even worse yesterday and
not have are we spiraling into a recession? Roy O'Neill's
following that top story today, we're also keeping an eye
on Tropical Storm Debbie, continuing to punish to the north
(10:10):
after making landfall as a Category one hurricane in Florida's
Big Bend area, just as we anticipated. The stalling in
North Florida and into the Carolinas and the flooding is
what we're keeping our eye on. As for the Olympic Games, well,
you know what, it was kind of refreshing to see
Simone Biles just be human on the balance beam where
(10:35):
her level of difficulty. Had she executed and stayed on
the beam, she'd ha won gold, but like four others,
she fell off the beam. Later in the floor, she
took the silver, stepped out of bounce twice and that
opened the door. But for Simone Biles, that silver medal
gives her eleven overall metals in her Olympic career. Team
(11:01):
USA is going to face Brazil the quarterfinals in Paris today.
The US women's basketball team, I don't I think I
have the number right, Jeffrey. I don't think they've lost
in sixty straight Olympic games. I have heard that as well.
I will check it out. I mean, there's a dream
team and then there's just you know, wow. The women's
basketball team's going to face Nigeria tomorrow in the quarterfinals.
(11:24):
The United States women's soccer team will attempt to advance
to the gold medal match. Today they play Germany in
a semi final match. And overall, yesterday the US added
eight more medals in the Paris Olympic Games. Team USA
is now up to seventy nine total medals, including twenty
one gold, which ties them with China. But when it
comes to total medals, nobody's even close. China sits at
(11:47):
second overall with fifty three twenty five back France's third.
The host country has forty eight medals. Do you know
we have Thursday night football coming up? I know, yes
I do, the Lions and Giants. I always thought we
kicked off the season with the the two Super Bowl teams.
Well this is this is still preseason, so no, but
(12:10):
I mean we kick off the preseason usually with the
two Super Bowl teams. The Lions are in there, yeah,
but they're against the Giants. I don't know. I don't know.
It always seems to end. You don't think we're going
to have like the whole Taylor Swift, Travis Kelsey think
again this year. I mean it's just sort of play
this year. Absolutely we are. Really who's gonna be fascinating?
She shows up? I mean if she shows up, she
(12:30):
brings the crowd with her. It just kind of is
what it is. I guess there's just some things though.
They just don't play as well. You know, you can't
tell Joe too many times before it's not funny anymore. No. Yeah,
she's a big fan though he's very popular. All right,
that's your Olympic update, that's your market update. Although we're
all holding their breath on what's going to happen again today?
(12:51):
And some are starting to brace I mean, big picture
is the market crash, recession, fears, tech losses, stagnant, wages
rise and unemployed. Is this consequence and proof of bidnomics failure? Secondly,
(13:19):
can you detach Kamala Harris from Bidenomics? I mean, what
does she believe that he doesn't? What would she do
any different than he has done? And thirdly, if they
find themselves in the heart of a run for the
general election and we got war directly between Iran and Israel,
(13:42):
raging in the Middle East, protesters raging at their convention,
at economy slipping into recession, how long can she get
away with a popularity based purely on emotion, not fact,
(14:02):
not reason, not wisdom. This is your Morning Show with
Michael del Chona. What are we serving today? Twenty six
minutes after the hour your Morning Show. I'm Michael del
Jorno and these are your top five stories of the day.
Come out, come out, wherever you are. Today's a big
day for Mamala. Kamala Brian shook me all night long
(14:25):
as our road to the White House. Top story Road
to the White House twenty twenty four Vice President Kamala
Harris is expected to unveil her running mate today. Democratic
consultant Adam Kinsey says there's no bad choice among the favorites.
It's a pretty important pick. I think that all the
names that we have been hearing though are all good.
Speaker 4 (14:46):
Harris and the new VP pick are expected to first
rally together in Philadelphia Tuesday night.
Speaker 2 (14:52):
I'm certainly not reading too much into the you know,
the location of things.
Speaker 4 (14:55):
Harris met with Pennsylvania Governor Josh Shapiro, Arizona's Senator Mark Kelly,
and Minnesota Governor Tim Walls over the weekend. Harris will
kick off a five day tour through seven crucial battle
ground states with her running mate this week in Washington.
I'm Brian Shook.
Speaker 1 (15:12):
And it appears narrowed down to the Minnesota Governor Walls
as well as Josh Shapiro, governor of Pennsylvania. Reports say
several US personnel have been injured in a rocket attack
against the US military base in Iraq. It happened at
the Al Asad Air Base. It's not yet known if
the strike came from or whom, but ABC News is
(15:36):
reporting two rockets were launched at the base. This comes
with the growing fears of the attack of Iran on
Israel and are they related. Apparently, both President Biden and
Vice President Harris have been briefed on the attack, while
the dispute between Chicago officials and groups planning to protest
at the DNC convention later this month rages on. During
a hearing yesterday, demonstrators demanded a more direct at a
(16:00):
longer route, we make a little more publicity for their
protest due to the large numbers of people expected to march,
and they should know they pay for him. Absolutely. There
will be tens of thousands of people, especially if there's
an expanded war in the Middle East, and there will
be voters at for states side of the polls today
(16:23):
for key primary races and a race completely already decided.
Tammy Trehilo has the details.
Speaker 5 (16:28):
Misery. Progressive Corey Bush is defending her House seat against
Democratic challenger Saint Louis County Prosecutor Wesley Bell. The race
is highlighted divides in the Democratic Party over the Israel
Hamas war, as Bush has taken a strong stance against
Israel's military campaign in Gaza in Michigan, three term congresswoman
Alissa Slotkin is the leading candidate for her party's nomination
(16:49):
to the Senate. The winner of the Democratic primary will
likely go up against former Representative Mike Rodgers, who Donald
Trump backs. Primaries are also underway today in Kansas and Walhington.
I'm Tammage for HEO and.
Speaker 1 (17:02):
Team USA leads the world seventy nine total metals, twenty
one gold, tied with China, thirty silver, twenty eight bronze.
In baseball, the Rangers four to three over the Astros,
DBAX one seven six over the Guardians, the fo the
Guardians and the Nats Cardinals all lost. Mariners and raise row.
Speaker 6 (17:19):
Hi.
Speaker 2 (17:19):
I'm Michael del Jorono, and your morning show can be
heard live as it's happening five to eight am Central
and six to nine Eastern on great stations like six
twenty WJDX and Jackson, Mississippi, or AKRONS, News Talk six
forty w HLO and Akron, Ohio and News Radio five
seventy w DAK and Columbus, Georgia. Love to be a
part of your morning routine, but we're glad you're here now.
Speaker 1 (17:41):
Enjoy the podcast. Good morning everyone, thirty six minutes after
the hour. Thanks for waking up with your morning show.
We're on the air and streaming live on your iHeartRadio app.
Don't forget. We can't have your show without your voice.
So many ways to get a hold of us. You
can call toll free one eight hundred and six eight
eight ninety five twenty two. We also, if you're listening
on the iHeart app, have a little talkback button invented
(18:02):
by a friend of ours, Rick Marino. You'll see a microphone.
Press it. I don't expect to be talking to us.
Leave a message to play that anybody thereby. Okay, he
thought we were going to be there. No, you just
press it and then you could comment on anything we're
talking about. We get it instantly, we can share it
with the class. That's where a lot of people like
(18:22):
to They don't stop making fun of him. There's a
lot of people like to record there, I'm so and
so from such and such in my morning show as
your morning show liners there as well, so they can
be heard introducing themselves to others across the country at
our morning kitchen table. And of course there's good old
fashioned email Michael d at iHeartMedia dot com and we
love to hear from you. I thought this was kind
(18:44):
of very interesting. Trey writes, Hey, I love your new show.
I appreciate your coverage of the Olympics the last few days.
One thing that I wanted to share with you is
I was watching the US ladies win gold. I saw white,
black Asian athletes joining together to compete for their country.
(19:05):
No other nation had such diversity. What anybody the way?
He says, it's amazing. Thank you for all you do.
God bless and he has. If we were a melting
pod and not woitness, wouldn't it be wonderful to Martin
Luther King's dream? Wouldn't it be wonderful? No matter your origin,
(19:30):
doesn't matter, your ancestry as much as you in the moment,
assimilated in line with the intent of the Declaration of Independence,
following the roadmap of the Constitution. Just being a proud
American working with those beside you to make America great.
That spirit of the Olympics. Wouldn't that be wonderful? Do
(19:52):
you think rather than lead the world every four years
in metals, perhaps we could lead the world every day
and things that matter economically personally. They don't focus on
their differences, their laser focused. Their passion and their focus
(20:15):
and their every action has set in motion a direction
with only one acceptable destination, victory dominance, and that's how
they get there. As citizens, we focus on how we're
all different and get a completely different outcome. As you
wake up this morning with a market crashing, a recession pending,
(20:36):
in war brewing in the Middle East, that's really a
profound email when you think about it, and at least
in sports we could talk about it without everybody jumping
down our throne. I saw this on X. I don't
even know who he is, but I think I follow it. Well, No,
(20:58):
I don't know if I follow me. I guess on X.
Can you just see people's posts, whether you follow them
or not. Yes, you can't get because I don't think
I've ever heard of him. His name is Hans Munsch
and he has the famous one. I can't play it
(21:18):
because you know commonly uses a foul word oops. But
he says most of Kamala Harris's clips being shared, they're
not going to move the needle because this election is
about emotions and most people don't care whether she's an airhead,
whether she's talking in word salads, whether she's laughing like
(21:40):
a nut. That's a profound question in and of itself.
One we've explored. Her wave right now is purely emotional.
It's not even based on her, it's not based on
(22:02):
any facts, just a pure emotional wave. Now will it
last as we move forward? I in my Sounds of
the Day wanted to feature this because this happened during
the House hearings on the assassination attempt of Donald Trump,
(22:25):
where I was like, Okay, AOC gets this. In fact,
you could make a case while several prosecuted the then
head of the Secret Service for planning failures, execution failures,
communication failures, AOC actually attacked the most important thing, in fact,
(22:47):
the thing that has yet to be addressed. If Donald
Trump had been killed that day, we would be facing chaos,
maybe even civil war. We can't waits for you to
have some kind of sham internal investigation. We got sixty days.
If heated politics ahead, and if any of these candidates
(23:08):
are killed, it could threaten peace stability, could create a
civil war situation. Now, your answers have been unacceptable all day,
But making us wait sixty days before you can give
us answers, that's a threat to our national security, I mean,
and then I had to go on the air the
next ding and say something I never thought i'd say.
(23:30):
AOC was the wisest in the room. I heard three
roosters crow, and I fell to my knees and wept.
This is similar to that. This is a you know,
I'm trying not to do with what Hans just warned us.
But here's Kamalin Harrison twenty sixteen, and here's AOC in
(23:51):
twenty eighteen. I don't have a lot of heroes on
the left. In fact, I don't have any heroes on
the left. I'll just be honest, transparent. But why is
the worst of them all rising to the top.
Speaker 7 (24:10):
Listen, they say they will make America great again. Well,
in my mind that statement begs an obvious question.
Speaker 8 (24:22):
Again for whom, Because this is twenty sixteen, during the primaries,
attacking Donald Trump, who they're all laughing at at this point.
Speaker 1 (24:36):
And presuming, of course, Hillary's going to win. But with
the passage of time, you know, for whom, Unfortunately for
her and Hillary, for everyone Hispanics, blacks, whites, middle class, Unfortunately,
(24:57):
you're going to hear the same rhetoric years later, in
twenty twenty four, hoping you don't know what the last
four years or today looks like compared to four years ago.
But that's her mocking make America great again.
Speaker 7 (25:23):
Can someone tell me exactly which part of the past
they want to bring back?
Speaker 9 (25:30):
It is kind of an interesting thing, like when Donald
Trump tapped into this idea of make America great again.
There were there was times of economic opportunity. It sounds
like so so controversial to say, but I think it
is important that we do look back at times of
(25:51):
great social and economic mobility.
Speaker 10 (25:53):
That was a time when Americans could afford a home.
Speaker 9 (25:56):
That was a time when people could afford to have
a spouse raise their children, and the other spouse helped
nake ends meet. We had a point in our country,
a point of actually very great social and economic mobility.
Speaker 1 (26:12):
I mean a how refreshing is it to hear somebody
find common ground leave the jail cell of talking points. Now,
what she didn't realize in twenty eighteen when she was
saying this is that by the time we have another
(26:33):
election in twenty twenty four, you literally won't be able
to afford a home. There'll be a housing crisis, a
border crisis, an economic crisis, an inflation crisis, a recession crisis.
But here's the question of the morning, and it's going
(26:56):
to be the question of every morning until the first
week of November. Will America get beyond the emotion us
versus them making fun of them? While they're making fun
of us, these talking puppets saying nothing while we're paying
for and suffering so much. When do we get beyond
(27:19):
emotions to fact? When do we stop being enemies of
each other and unite to create a brighter future, if
not for ourselves, hopefully for our children.
Speaker 6 (27:34):
This is Deba Morris from our little town of Franklin, Tennessee.
Speaker 10 (27:38):
My morning show is your morning show with Michael Giljoorna.
Speaker 1 (27:42):
Here's what's on the table this morning for breakfast. VP
Mama to Kamala Harris, come out, come out wherever you are.
You got to announce it now. She'll be in Philadelphia.
The presumption is it's either going to be the Minnesota
Governor Tim Waltz or it's going to be the Pennsylvania
Governor Josh Shapiro. She has narrowed it down to two,
which will we find out later today? In PA several
(28:03):
US personnel have been injured in a rocket attack against
US military base in western Iraq. Voters and four states
headed the polls today for key primary races. Tropical Storm
Debi continues to stall and dump inches and inches of
rain in Florida and in the Carolinas, causing flooding of
the US added another eight more medals yesterday. They dominate
(28:26):
the world with seventy nine total medals, nobody within twenty
five of that, and they're now tied for gold at
number one with China with twenty one. And then all
eyes are on the market. Big sell off on Friday,
some calling it a crash yesterday. We might want to
get our terminology right, but is the market spiraling and
(28:47):
stoking the fears of recession? Aaron Real is our your
morning show correspondent joining us Now, I guess well, that's
in the eye of the beholder, right.
Speaker 6 (28:57):
And I have the beholder or in the eye of
the economist who coined some sort of term.
Speaker 10 (29:03):
That makes it true or false.
Speaker 6 (29:05):
Long story short, What happened on Friday which caused yesterday's
absolutence was that we had a disappointing July jobs report,
so investors were concerned about that coupled with the fact
that the Fed last Wednesday decided to keep interest rates
where they are at this decade long high and not
(29:25):
lower them, but they said they might in September.
Speaker 10 (29:29):
Welcoming the SSAM.
Speaker 6 (29:30):
Rule rule is Claudia Salm's. She's an economist, she worked
for the FED. She coined this in twenty nineteen. Basically,
it says that they have observed without fail that the
initial phase of a recession has started when you have
three months of US unemployment rate that's at least a
half percentage point higher than the twelve month low.
Speaker 10 (29:47):
Okay, so that's happening.
Speaker 6 (29:49):
However, she went on to say that she's not convinced
it's totally here. Essentially, what the Sam rule does is
it tells us something deeper about the recessionary process.
Speaker 10 (29:59):
So basically, what it says is that if.
Speaker 6 (30:01):
The rate rises above five basis points, it's probably going
to rise a lot more. So it's that escape velocity
that makes things very dangerous. We are not there today
because the technical definition of a recession is two quarters
of declining.
Speaker 10 (30:13):
GDP, which we haven't had.
Speaker 6 (30:15):
So until we get there, we're still in an okay place,
and there's lots of levers with a fed to poll,
but they haven't pulled them.
Speaker 1 (30:21):
Yet, all right, so don't panic. It's not a recession
yet by anyone's definition or even a sound theory. However,
it is enough of a down market and a perception
of down economy. Just don't the fears of recession. But
I like the way you worded it. There's some levers
to be pushed. Well, we'll find out. So we know
the tech numbers causes sell off, we know the jobs
(30:45):
report causes sell off, and we know that them not
lowering interest rates potentially caused a sell off. Well, the
only one you can really act on is have an
emergency rate reduction, right or one of the only Yes.
Speaker 10 (30:58):
That's the only one you can add on. Yeah, it's
a big one.
Speaker 6 (31:01):
And just to be clear, that emergency rate reduction, we
might not be there because if you just look at
what happened overnight, we saw the Finny k in Japan
that's having a great day, highest numbers that they've posted
since the eight recession. Already the futures markets here are
looking up. And again, these emergency rate cuts they're rare
and they really only occur during like extreme emergencies. There's
(31:22):
only been seven that have been approved since two thousand
and one. One was after the September eleventh terrorist attack
and in the Great Recession, and then two during the pandemic.
So as you can see, these are like extraordinary times,
and we might not it might.
Speaker 1 (31:41):
By the way, this hour of the show is brought
to you by Connecticut Connecticut Internet. When you need it most,
we're not there, Ericus. Yeah, you're kind of not bad,
but that's important information. So please go over that list
of the last times they did an emergency rate quip.
Nine to eleven was the one, and then you cut out.
Speaker 6 (32:03):
Okay, nine to eleven two. There was also one during
the tech bubble that burst, two during the Great Recession,
and two during the pandemic. So again, these are extraordinary times.
By the way, CONDICID internets.
Speaker 1 (32:15):
Or none of those match the time we're living.
Speaker 6 (32:17):
Today right exactly exactly, And thank you for saying it,
because no, they don't, and we don't need to all
freak out right now.
Speaker 1 (32:28):
Well doesn't mean we're not freaking out. I lost a
lot of money, Eric Kenny, I'm kidding, all right. So
these are the things that we look at, but you know,
everything is so emotional, and everything is so I don't know,
narrative ized, I guess would be the word talking pointed
that just kind of has a life of its own,
and somehow facts and reasonableness and understanding doesn't exist. Well,
(32:51):
if that happened when I'm standing at the edge of
a balcony high up in the air, I might be
convinced I'm going to fall any minute, or I could
tell you in the Saint Louis when you feel its
sway a little bit, you feel like some we should
get down now.
Speaker 10 (33:04):
But but the fact of the matter is you really
I didn't know that.
Speaker 1 (33:09):
Well, the worst is, there's nothing as bad as the
either Well, they don't call it Sears Tower now, it's
Willis Tower. I will never get used to calling it that.
But anyway, the Sears Tower of the Hancock in Chicago
is a long, constant sway that's literally where you slowly
feel yourself go left. Then you slowly feel that's eerie.
(33:29):
I didn't I was told people were feeling it. I
didn't feel it myself in the arch, but apparently the
arch could give a little too. But no, but but
it's just not reasonable when we just broke this down
in five minutes. You can see this is nothing like
after nine to eleven. This is nothing like in the
heart of COVID. And of course a lot of COVID
was not just COVID. It was a lot of responses
(33:51):
and reactions to COVID, all seemingly making things worse and worse.
None of that is happening right now. What we had
was too really bad indicators that cause two really bad
sell offs, and my guesses built into there is some
buyback room we're seeing in Japan already, and we might
see in America today.
Speaker 6 (34:08):
Who knows, yes exactly, And we're gonna have to wait.
I mean, listen, I think that it's imperative that everyone
take a beat. We are seeing that, and I do
think that we will course correct because there's nothing actually
terrible happening right now.
Speaker 1 (34:22):
Well, Mike, my head cold is terrible. Just a moment
of narcissism.
Speaker 6 (34:27):
I thought it was really sorry about that, mikeel if
I don't want you to have a head cold.
Speaker 10 (34:30):
That's not good.
Speaker 1 (34:32):
Do you see how good I'm getting at all this
money stuff. I'm almost like you're you're understudy.
Speaker 10 (34:36):
Now you're grated it all right, Eric's great.
Speaker 1 (34:39):
Aaron's going to be back tomorrow with more great reporting.
But thanks for that update, and by the time you
come back tomorrow, we'll get the answer today if America
goes the way of Japan and gets a little bit
of recovery. Thanks for reporting.
Speaker 10 (34:50):
Thanks Michael, have a good day YouTube.
Speaker 1 (34:52):
All right, fifty seven minutes after the hour at your
Morning Show, when we come back our Sounds of the day,
I'm going to pick two or three stories that I
think no one is really focused on, and then the
one that everyone's focused on in search of understanding there
as well. We're all in this together. This is Your
Morning Show with michae ovenheld jour No
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