11-07-24 YMS HR3

Trump wins, market soars, now what?

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Episode Transcript

Speaker 1 (00:00):
Hi, It's Michael.

Speaker 2 (00:00):
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,
but we're happier here now. Enjoy the podcast one, two three,
starting your morning off right.

Speaker 3 (00:19):
A new way of talk, a new way of understanding,
because we're in this together. This is your morning show
with Michael o'deill Trump.

Speaker 2 (00:30):
Ah, there are a lot of voices. Thank goodness you
have chosen to be with us. We really appreciate that.
After all, it belongs to you. This is your morning
show on the Aaron streaming live on your iHeartRadio app.
Welcome to Thursday, November seven, seven minutes after the hour.
Kamala made us wait almost twenty four hours to concede.
President Biden is going to make you wait almost forty eight.

(00:52):
You'll address and give his response to the election results
later this morning, and the race to control the House
is still up for grabs, although I think it looks
very favorable for the Republicans. We got them coming in
somewhere between two eighteen and two twenty one, so the
love control of the House, probably plus four on the
Senate side, and we're still waiting on Arizona and Nevada

(01:13):
to make it official. Donald Trump win, will win with
three hundred and twelve Electoral College votes. Huge day on
the market yesterday, as the stocks sword was that a
reaction to the election? Our economist and money was David
Bonson joins us. David, would you make of yesterday's market?

Speaker 4 (01:32):
Well, it was really something else, historical day in so
many ways, and in markets it's important for people to
look not just at the headline. Okay, So the Dow
was up three and a half percent, fifteen hundred points.
The S and P and the NASDAC were both up,
you know, gigantic, But when you look in the details,

(01:53):
it was financials up over five percent, some of the
big investment bank type names up over ten percent.

Speaker 1 (02:02):
It was energy names.

Speaker 4 (02:03):
It was what we call cyclicals, energy, financials and industrials.
And this is so important, Michael, bond yields flew higher,
and they didn't do it because all of a sudden
people got inflation is going higher.

Speaker 1 (02:17):
They believed that growth would be.

Speaker 4 (02:19):
Higher, and so you had a pro growth Trump rally.
Is it ahead of itself. Are people being overly optimistic? Sure,
all that is very possible. There also has to be
some level of the rally that you account for. Just
people relieved the elections over that there was an uncertainty

(02:40):
that is now a removed risk, and that is a
good thing for markets.

Speaker 1 (02:47):
Well, so I big they all around.

Speaker 2 (02:48):
I think they know that the border is going to
be secured, the impact that could happen housing. I think
they know regulations are going to be rolled back. That's
great for housing in a lot of sectors. And they
know he's going to drill, baby drill. I think a
lot of this is pretty wise and pretty sound and reasonable.

Speaker 4 (03:06):
Well, look, I must think all that is true in
a political.

Speaker 1 (03:09):
And headline basis. I don't.

Speaker 4 (03:11):
Look, we're drilling the most oil we've ever drilled in
history right now, and oils only at seventy dollars. The
bigger issue for energy is export LNG. It's our ability
to export liquified actual gas. If you took Biden and
Trump out and you just basically said any oil company
can drill anywhere they want, anytime, and the government has

(03:31):
nothing to do with it, would we the oil companies
right now be drilling more than they're drilling.

Speaker 1 (03:36):
The answer is no, so I don't.

Speaker 4 (03:39):
But again, I know it's a really important conservative talking point,
and Biden deserved for it to be so because he
came in and acted like an idiot that canceling the
Keystone pipeline and the basically saying I'm here to be normal,
I'm here to be moderate, and by the way, I'm
going to poke the bear with symbolic anti energy. The

(04:00):
anti America gestures right out the gate was very unnecessary.

Speaker 1 (04:06):
But I don't think that.

Speaker 4 (04:08):
There's really a lot more oil that needs to be
drilled in the present circumstances. And yet that's not to
say to vindicate any of Biden's failed energy policies, which
by the way, he also took out, you know, one
hundreds of millions of barrels from the strategic reserves in
his first two years. It's the liquified natural gas component
that is just a mystery.

Speaker 1 (04:29):
Why did they stop approving permits to build new terminals.

Speaker 4 (04:32):
This could be employing tens of thousands of people.

Speaker 2 (04:37):
Money Whiz had economist David Bonson joining us. The regulations
are big, but by the way, these go beyond just
federal regulations. I mean we get to housing. I mean,
we've got cities playing games. You know, we have zoning issues,
you know, supply costs, obviously, there's a lot of that.
But freeing up builders to build and getting out of
the way so they can build is a big part

(04:59):
of that solution. And I think there's room for optimism
there too. Yeah, but what you just said is very important.
It's really I mean, the federal government has almost no.

Speaker 1 (05:07):
Jurisdiction over that.

Speaker 4 (05:08):
They don't set zoning, they don't set city regulations. The
absurdities of what people go and say at their local
city council as to why they have some reason that
they're neighbor owning a large lot is bad for them,
where they're neighbor building forty units on a lot is
bad for them. That kind of NIMBYism, not in my backyard,

(05:31):
is not a federal government issue.

Speaker 1 (05:33):
It's it's a cultural problem.

Speaker 4 (05:35):
And yet I agree that on a banking regulation, capital requirements,
you know, why not be more creative in the way
that we free up capital to come into housing. There's
a lot of things that can be done, but the
primary issue is environmental and zoning regulations, which are almost
entirely state and local. But you know, the other piece

(05:58):
I'd throw out on the regulation side is staffing, and
it's what we've been saying to clients is the most
important element of a Trump administration. I was on a
call yesterday with some of the significant people that are
going to be a part.

Speaker 1 (06:10):
Of the new administration. Personnel is policy.

Speaker 4 (06:14):
So whether you're talking about energy, financial services, the Consumer
Financial Protection Bureau, which then God, the person who's going
to head that now is not going to be named
by Elizabeth Warren.

Speaker 5 (06:25):
It's going to be named by Donald Trump.

Speaker 4 (06:28):
But up and down the administration, you need a general
culture that is focused on deregulation that is a huge
impediment and removing an impediment to economic growth.

Speaker 2 (06:40):
Final question, Donald Trump is certainly a different Donald Trump
than he was the first time. He's going to have
the rare opportunity to have a second one hundred days.
Had his presidency been in succession, you don't really get
a second first one hundred days. He's going to have
a second first one hundred days, as only one other
president has had. He seems to be as and a

(07:01):
much more experienced and wiser person. What are your hopes
for different a Donald Trump two point zero in terms
of the economy in a second term.

Speaker 4 (07:11):
Hey, everybody is celebrating a huge victory, and I want
everyone to celebrate those that they are so happy about.

Speaker 5 (07:18):
Donald Trump.

Speaker 1 (07:19):
We're not only winning, but winning big.

Speaker 4 (07:21):
So I don't want to say anything negative right now.

Speaker 1 (07:23):
But he didn't have a first one hundred days.

Speaker 4 (07:26):
Okay, that first one hundred days in twenty seventeen was
so botched, was so unorganized, was so inefficient, and you
had a bunch of amateurs in the White House that
were there screwing things up. And I'm not going to
say names, but there were people that were up to
no good and I know who they are and I
know what they did.

Speaker 1 (07:42):
And he's not going to make that mistake this time.

Speaker 4 (07:45):
Let's pray to our sovereign God that he doesn't.

Speaker 1 (07:49):
I think he has every opportunity not.

Speaker 5 (07:50):
To make that mistake.

Speaker 4 (07:52):
By the way, nobody bats a thousand. Some hires may
be bad, but he needs to primarily get really good people.
But I don't mean by good people what some people mean.
Some people mean bomb throwers and maga hat wearing. You know,
guys are going to come in and shed and drink
liberal tears and all this stuff.

Speaker 1 (08:13):
Smart leaders of their field. Amen, smart leaders. That's it.
You got it, David Bonsen. We'll talk next week.

Speaker 3 (08:22):
This is your Morning Show with Michael del Trono.

Speaker 1 (08:26):
This is your Morning Show. I'm Michael del Jornaim.

Speaker 2 (08:28):
We discussed earlier all the finger poorning yesterday. Can the
left really figure out why they lost? It turns out
to be a big, great blame game, But nobody's really
honest about what they've done, whether it was twenty sixteen
when Bernie would have won and they fixed it for Hillary,
or when Bernie would have won in twenty twenty and

(08:50):
they fixed it for Joe Biden, and then now they
want to blame Joe for not leaving on time. Can
they really figure out what went wrong when they're stuck
in a bubble in a mate And then we discussed
careful on the right, You too aren't in a matrix
because that was an Orange wave. That was a Trump win,
not a Republican Party win. I think if you're really

(09:13):
clear and honest, the Democrat Party is a big loser.
Twenty million voters missing. That was a rejection and a
clear message. Can they hear it and for Republicans, what
are you after Donald Trump leaves? And then we kind
of talked about all these people going crazy. And I

(09:34):
know it's become kind of fun on social media to
watch these videos in rank who's the craziest, But these
are people that are very in some cases mentally ill
and spiritually ill, and they've been ginned up and sold
to false God and that God just lost and they
really don't know how to live. And it's just a

(09:58):
reminder to me, even though it was the right outcome
for me personally, we still haven't solved the matrix. We
still haven't solved the social dilemma. We still haven't solved
the death of journalism.

Speaker 1 (10:11):
And so even though we.

Speaker 2 (10:11):
Got the right result, or really not any better of
a place. If you miss that, you can catch it
in the podcast. Go to the iHeartRadio app. In the
podcast section, insert your morning show or Michael del Journal
will pop up. H'd subscribe that way. It's waiting for you.
Every morning commercial free.

Speaker 1 (10:26):
All right, can't have your morning show without your voice.

Speaker 2 (10:28):
Let's start with Joe listening in Akron, Ohio, NonStop election coverage.
You're ready to start talking? Twenty eight No No, I Bye, bye, yeah,
tell me. I don't control what the correspondence choose each day.
I thought it was too soon either. Although can we

(10:50):
put down on record somewhere on a piece of paper?
I said, it's gonna be jd Vance and Telsea Gabbard
versus Wes Moore and Josh Shapiro. Just not gonna save
that audio yet, the Great nostru Dell Journal. When he speaks,
you must listen Tom. I don't know where Tom is
calling him from. I think he's in Ohio too.

Speaker 6 (11:05):
Hlo, this is Tom from North Canton. My thought about
Donald Trump is that he's four years older since the
last election, but he's eight years wiser, and I think
that's going to make him a better president this time.
Plus he don't have to worry about politics because he

(11:27):
can't run again, so he can just do what needs.

Speaker 1 (11:30):
To be done. I said it a little differently.

Speaker 2 (11:35):
I don't think Donald Trump is a Republican president and
a two party system who won in a very significant
one sided election. I think he's an American president that
is going to have an American presidency, and the challenge
for America is to not want to go back to
a two party system four years later.

Speaker 3 (11:53):
Yeah.

Speaker 2 (11:54):
No, I actually think he's going to be about fifty
years wiser for what he's gone through, dodging assassin bullets,
courtrooms and everything else.

Speaker 1 (12:04):
Uh to wrac and Memphis, Tennessee and cal.

Speaker 7 (12:07):
Michael Howard's and as Hillbill is in Tennessee, can get
the count straight of those folks out west in Arizona
and Nevada, game get close to me and finished.

Speaker 2 (12:16):
Yeah, and we're not waiting on a significant amount of votes.
It's it's mail in laws as long as it's postmark. Uh,
you know by the date. It can come a week
later and they'll wait to count. Look, when it's all
said and done, he's going to take Nevada, he's going
to take Arizona. Uh, he's gonna end up with three
hundred and twelve electoral votes. But at some point you
got to look at this and go, Okay, it's embarrassing
that America is waiting on these two states. I mean,

(12:37):
if Pennsylvania new on the night of the election, come on, Arizona, Nevada,
get you act together.

Speaker 1 (12:45):
To my yard boy in Nashville, listen, this is your
old buddy Corps, the yard boy.

Speaker 8 (12:51):
Hey, could we go ahead and slam the door on
Taylor Swift as well.

Speaker 7 (12:57):
What is she like?

Speaker 1 (12:58):
Oh for never horsements.

Speaker 2 (13:00):
Now she's known in Tennessee for taking a big stand
against Marsha Blackburn. I think it was and it failed miserably,
and now she joined the group of hysterical. Look, it's
a big loss for Hollywood, you know, the old day.
I mean, these people need to shut up. We've all
moved on from movie theaters. We don't need them anymore.

(13:20):
They've just alienated their audience. I'm not a Bruce Springsteen fan,
but I would imagine it's difficult to listen to Bruce Springsteen.
I have that problem with actors. We already did slam
the door on Taylor Swift, but you know what, because
it's Taylor Swift, I'm more than happy to do it again.
And there you go. By the way, now that we're
slamming doors, Oh probably, don't even get me started. Let's

(13:44):
close with Dwight Suffer not Dwight. Unto me from WLAC
in Nashville.

Speaker 8 (13:50):
Michael, I'd like to say that programs like yours in
the talk radio are one of the legs that allowed
this election to basicul You put the information out there
allowed your listeners to make a decision what to do
with that information.

Speaker 1 (14:08):
Michael, You're a great American. Thank you for all that
you do. I'm just an American.

Speaker 7 (14:14):
Now.

Speaker 1 (14:16):
I'm going to give the game ball to Donald Trump
and Donald Trump alone. If I have any other game
balls to give out.

Speaker 2 (14:21):
Joe Rogan, Elon Musk, Tulsea Gabbard, RFK Junior. I don't
think I'm anywhere on the list, but top five stories
to day real quickly the biggest story of the day.
Kamala is a biable Brian Shook as their completed Road
to the White House.

Speaker 9 (14:39):
Road to the White House twenty twenty four. Donald Trump
has been elected president for a second term, nearly four
years after leaving office. Is Democratic rival Vice President Kamala
Harris conceded the race in his speech to her supporters
on Wednesday.

Speaker 10 (14:55):
The outcome of this election is not what we wanted,
not what we fought for, not what.

Speaker 5 (15:02):
We voted for.

Speaker 1 (15:04):
Harris said.

Speaker 9 (15:04):
She called President elect Trump to congratulate him and said
she's looking for a peaceful transfer of power. She thanked
her supporters for all their hard work. The Trump campaign, meanwhile,
says it wants to hit the ground running in twenty
twenty five and is already reviewing possible cabinet members in Washington.

Speaker 1 (15:23):
I'm Brian Shook.

Speaker 2 (15:24):
A peaceful transfer of power is up to Joe Biden,
not a vice president who just.

Speaker 1 (15:28):
Lost in an election.

Speaker 2 (15:29):
But nevermind, we waited twenty four hours for that, and
now we're waiting forty eight hours. Joe Biden, President of
the United States, will address the nation later this morning.
Mark Mayfield has more.

Speaker 11 (15:38):
His remarks will come two days after Donald Trump defeated
Vice President Harris to become the nation's forty seventh president.
Biden spoke with Trump on Wednesday and congratulated him on
his election victory. He also invited Trump to the White
House to talk about a smooth transition of power.

Speaker 1 (15:52):
By Mark Mayfield.

Speaker 3 (15:55):
Breton, Frank, Tennessee.

Speaker 4 (15:57):
And My Morning show is your Morning Show with Mike
Tel Join.

Speaker 1 (16:00):
Up a Hi, It's Michael.

Speaker 2 (16:08):
Your Morning Show can be heard live weekday mornings five
to eight am, six to nine am Eastern and great
cities like Tampa, Florida, Youngstown, Ohio, and Oklahoma City, Oklahoma.
We'd love to join you on the drive to work live,
but we're glad you're here now. Enjoyed the podcast. Why Nevada,
which is inevitably going to go to Donald Trump, is
only at eighty nine percent reported, or Arizona is only

(16:31):
at sixty nine percent reported. Donald Trump leads by nearly
six five and a half. There there's no I mean,
I don't even knowing what they have left to count.
I don't know why these haven't been called. Maybe they
just want to get into the weekend. Watch them all
be called as soon as we get into the weekend
non news cycle. Donald Trump won in a landslide with

(16:51):
three hundred and twelve, ironically exactly what I predicted. The
Senate I predicted would be plus three. It looks like
it's going to be at least plus four. And I
know we're waiting on a lot of California races that
are going to take a while in very rural areas
and so on. When it's all said and done, we
think worst case scenario, and that's losing every race in California.

(17:13):
We're going to come in at two eighteen. We Republicans
are going to come in at two eighteen, probably as
high as two twenty one.

Speaker 1 (17:21):
So there's a new shriff coming to town.

Speaker 2 (17:24):
Come January and he's got a lot of deputies said
it in the house with him. Aaron Real is joining us,
your morning show correspondent, US stocks. Certainly it wasn't baked
into the cake. Soared yesterday, and the Fed meets today.
Get us up to speed. Dollars and cents time.

Speaker 5 (17:43):
Dollars and cent time. The market's open in about an hour,
a little bit less than that. Everything's in the green already.
Futures is saying that we're going to have a certainly
an extended extension of yesterday's gains. Massive gains. By the way,
the Dow up more than fifteen hundred points. It's the
biggest gain in two years. Deck SMP also closing a
new all times hot, all time highs Michael, Bitcoin, the dollar,

(18:07):
bank stock, You knew that they were part of the rally.
Only thing that wasn't solar and pretty much all renewables.
Those those took a beat. But everything was buoyed by
the market all going up. But you know what is it?
Rising tides lift all boots.

Speaker 2 (18:22):
I would be investing in silver or lithium right now.

Speaker 1 (18:25):
They're not gonna be making too many batteries.

Speaker 5 (18:26):
All right, Well, wall wait, but get this not necessarily true.
This is why this is such a cliffhanger and nail bier.
You have Elon musk Tesla up almost twenty percent at
one point yesterday. That's a big ev company. So like, no,
it's it's it's unclear, like there's just it's across the board.
But I want to bring this up real quick. If
you go back to the nineteen eighties, actually nineteen eighty

(18:47):
the year, it shows that the markets they gain between
election day and the new year, that is typically what happens. However,
they fall in the weeks after the vote. So what's
almost more important than yesterday's rally is watching what happens
between now the end of the year and seeing how
sustainable this is and if this is genuine enthusiasm in
the marketplace or irrational exuberance in the short term.

Speaker 1 (19:09):
Just taking a step back, arin, couldn't it be?

Speaker 2 (19:11):
Ac you debarshitty graduate and money follower and market follower.
Can you believe? And I'm a little older than you,
so it's really astonishing for me. But you've been at
this long enough that it's doubled since you've been following it.
The Nastak is approaching twenty thousand.

Speaker 5 (19:27):
I know, I know the Dow is over.

Speaker 2 (19:30):
It's approaching forty four thousand. You ought to go back
and do some some numbers on that.

Speaker 1 (19:37):
I mean, you brought it.

Speaker 2 (19:39):
I can't go back as far as nineteen eighty, but
I go back to nineteen ninety. The dow was thirty
four hundred in nineteen ninety. When Barack Obama took office.
In two thousand and eight, it was at eight thousand.

Speaker 1 (19:53):
It's at forty.

Speaker 2 (19:53):
I'm approaching forty four thousand. I mean, these are crazy,
crazy number. All of the four to one ks I
cashed in and.

Speaker 1 (19:59):
I could kill my to go ahead.

Speaker 5 (20:02):
I know what it is. It's kind of I look
at it almost like inflation in the sense where it's
like a movie used to call a nickel and you're like, yeah,
it's kind of similar. Like there is more money in
the system today, there's more development, there's more growth. There's
like there's been downturns, there's been a No eight recession,
there's been things along the way, But it's kind of
like a similar thing. And this is why, you know,

(20:22):
people say real estate is the best investment. In many ways,
it is because if you just just hold on to it.
You just stop and hold it. You're going to be okay.

Speaker 2 (20:30):
I'm thinking about New City Communications krmg tels Oklahoma grab
a year nineteen ninety eight, I probably had one hundred
and seventy thousand dollars in a four oh one k
What would that be?

Speaker 1 (20:46):
What would that have been worth today?

Speaker 5 (20:47):
I can't do the math that quick, but very a
lot well over, I.

Speaker 1 (20:50):
Mean, come on, well a shmuck. I am all right.

Speaker 2 (20:53):
Let's turn away from stocks because that's depressing, and let's
go to interest rates and the Fed.

Speaker 1 (20:58):
What do we expect today?

Speaker 11 (20:59):
Yeah?

Speaker 5 (21:00):
Yes, quarterbases point twenty five percentage points. That's what we
can expect from Jerome Powell when he takes to the
podium at two pm today, he's going to announce rate decreases.
It's going to be the second one in less than
two months. Last one was the Jumba one in September.
Full percentage point. This is big. What Jerome pal says
about monetary policy ripples through the global economy and global

(21:21):
monetary policy. And with Trump now the president elect, the
question becomes what's going to happen to Jerome Powell? Because
Trump has said that he wants to get rid of them.
He actually explored trying to nix them in the past administration. However,
there are guard rules that protect against presidential interference with
the FED. Jerome Pell's reign, his term is chair. It

(21:44):
ends in May of twenty twenty six, so there's very
little that can be done. There can be different appointees,
but these are not elected officials. They're appointed. And again
they're not like they serve a government need, but they
are not government employees. It's different. It's the FED is
a private institution that serves the public need. And they

(22:05):
have said time and time again they're not partisan. And
I think if there was ever evidence that they weren't,
if they really were, they wanted buy iten to get reelected,
they would have they knackted that rate cut sooner. They didn't.
They waited till September. So it's just they're trying their best.
They sometimes get it wrong, they sometimes get it right,
whether it you know, regardless to it.

Speaker 2 (22:22):
Just going by rhetoric, though, I don't even think it's
a high priority for Trump at this point.

Speaker 1 (22:27):
Do you to focus on I don't.

Speaker 5 (22:30):
Know, listen only because interest rates are so high for
the thirty year fixed now like that is more closely
tied to the ten year Treasury than the Fed funds
rate because the Fed funds rate or so the bank
is to lunch to each other very night. Most people
don't lunch to each other over night. They need a
big mortgage or a big loan or something like that.
So the reason I think it would factor into his

(22:51):
decision making is the simple reason that like he would
like to see those come down, but that almost has.
I think that's something that's going to need to be
addressed via building. We don't have enough supply and until.

Speaker 2 (23:03):
There's more, that's why, and that's why I think he'll
begin with regulations. I think he'll begin with energy supplies,
building costs. Of course, it all to come down to
county and municipalities and they need to get smarter with
their zoning blockages. But all right, very interesting stuff. I
have a tip for you tomorrow. I think it would
be interesting. I would love to put your mind on
this headline I think was US News to the story

(23:25):
sixteen billion dollars will be spent on the twenty twenty
four election. Look at that through the lens of return
on investment, A billion dollars on Kamala Harris a lot.
That's all money, none of it because it was literally
of the sixteen billion, I think I'm safe saying over
fifteen billion of it was Democrats and Democrat packs. Boy
talk about maybe one of the greatest return on investment

(23:48):
failures in political history.

Speaker 5 (23:51):
I honestly sometimes when I hear those it makes me
sick to my stomach, because, like, a billion dollars is
so much fun.

Speaker 1 (23:55):
I could done a lot of things.

Speaker 7 (23:58):
Whatever.

Speaker 5 (23:59):
Imagine if we gave it to like, I don't know, education,
I'm just like throwing one out like a match.

Speaker 2 (24:03):
I'm thinking I think in five smart entrepreneurs would build
the industries with it.

Speaker 5 (24:07):
Yeah, Like like anything, You're just like, oh, this is
so gross. This is why money out of politics. Like
there's no value add Like I mean.

Speaker 2 (24:15):
Just to any story tomorrow except names to kick around
for four years from now. Come on, can we at
least belch this election result before we start eating on
the next one? All right, Eric, great reporting, have a
great day. We'll talk soon, all right. Top Stories of
the Day. Forty five is now forty seven. Elect He's
also second. I think that'll be his name, Deuce. Here's

(24:40):
Mark Mayfield.

Speaker 11 (24:41):
But today in politics, Donald Trump is now the president elect.
Trump defeated Vince President Kamala Harris to become only the
second president in US history to be elected to non
consecutive terms. In a victory speech, Trump said America is
about to enter a golden age and bound to deliver
a prosperous country. In a post on X Wednesday morning,
Vice President elect JD. Vance thanked the American people for

(25:04):
their trust and bound to never stop fighting for all
of you. On Wednesday, Kamala Harris conceded the presidential race
to Donald Trump.

Speaker 10 (25:11):
While I concede this election, I do not concede the
fight that fueled this campaign.

Speaker 11 (25:19):
Speaking from her alma mater, Howard University in Washington, d C.
The Vice President said her heart is full of gratitude
for her supporters, and the White House says President Biden
will address the nation Thursday morning at eleven am Eastern.

Speaker 1 (25:31):
His remarks will come two.

Speaker 11 (25:32):
Days after Donald Trump defeated Vice President Harris to become
the nation's forty seventh president. Biden spoke with Trump Wednesday
and congratulated him on his election victory.

Speaker 1 (25:41):
That's politics. I'm Martney Field.

Speaker 2 (25:42):
Well, I don't know all the fingerpointing what they'll figure out,
but they certainly went woke too far, border too far,
gender too far, race too far, scared too far, tax
too far, And at the end of the day, they
lost a lot of key constituents and voting blocks, not
the least of which was the minority vote.

Speaker 1 (25:59):
Brian Shook.

Speaker 9 (26:00):
Trump won a growing share of Latinos, and experts say
it was the Republican's messaging on the economy.

Speaker 7 (26:06):
The argument that Democrats were a threat to the advances
that his Panics had made.

Speaker 9 (26:14):
SMU political analyst cal Jilson says that shift towards the
GOP was most pronounced in South Texas. Trump came out
on top in Hidalgo County, which has historically been a
Mexican American stronghold. President Biden won that county with fifty
eight percent of the vote back in twenty twenty.

Speaker 1 (26:32):
I'm Brian Shook.

Speaker 2 (26:33):
Some top members of the Harris Walls campaign are giving
themselves a blunt assessment of their efforts.

Speaker 1 (26:37):
Lisa Taylor has more.

Speaker 12 (26:39):
Campaign surrogate Lindy Lee said losing to Donald Trump was
a red wedding moment and a blood bath.

Speaker 5 (26:44):
So everyone is in a state of shock. Youth and
Latinos and African Americans, a lot of them went over
to Trump. So there's going to be a lot of
soul searching the next couple of days. I hope that
we can do an honest assessment, Lisa.

Speaker 12 (26:57):
Democrats need to figure out what went wrong, as one
of Harris's biggest failures was not separating herself from President
Biden when she told the View she wouldn't have done
anything different than the president. Finally's Taylor, well.

Speaker 1 (27:08):
I know all world leaders.

Speaker 2 (27:10):
Of course they're laughing at us, and well, apparently they
were all calling Donald Trump to congratulate him.

Speaker 1 (27:15):
Michael Casner reports.

Speaker 13 (27:17):
Ukraine's President Vladimir Zelensky set on acts that he appreciated
Trump's commitment to peace through strength. Israeli Prime Minister Benjamin Natanyah,
who called the turn of events a powerful recommitment to
the great alliance between Israel and the US. The Secretary
General of NATO said he looks forward to working with
Trump to advance peace, while Hungarian Prime Minister Victor Orbon

(27:40):
called it a much needed victory for the world. I'm
Michael Kastner.

Speaker 2 (27:44):
Secret Service has been giving presidents in their family's code
names since nineteen forty five, starting with Harry Truman, who
was called the General. Bree Tennis with a brief history
of some of the names of White House dwellers made
but made up by the agencies.

Speaker 14 (27:57):
The Secret Service as Joe Biden was known and as
Celtic his wife Jill Capri. When Barack Obama was in office,
he was called Renegade and Michelle read his songs. Bill
Clinton was Eagle and Hillary Evergreen. The Service says that
names are meant to reflect personalities of the person, which
is why Ronald Reagan was known as ro Hyde his
first time around. Donald Trump was known as Mogul, Milannia Muse.

(28:20):
They'll get new names when he takes office in January.
I'm Bree Tennis.

Speaker 1 (28:24):
I'd go with the Deuce.

Speaker 3 (28:26):
It's your Morning Show with Michael del Churno.

Speaker 2 (28:30):
We did a long time for Kamala to concede, and
finally this morning, Joe Biden will address the nation on
the results of the election. Roy O'Neil was here because
there was more than just presidents and senators and representatives
on the ballot. Ballot issues everything from abortion rights to
minimum wage to legalization of marijuana. We're all on the ballot.

(28:51):
How did this local issue state issues fair? In which
one's pardon the pun went up and smoked. Good morning, Rory, Hey, Michael,
good morning.

Speaker 10 (29:01):
So yeah, we saw eleven different abortion related ballot measures
this election. Now that's a record for a single year,
but really could be the new normal. As in the
wake of the Dobbs decision overturning Row, it's now up
to the states, right, so we're going to see more
and more state.

Speaker 2 (29:17):
How it all worked the way the Supreme Court sent
it to work. There is nowhere in the constitution this
belongs to the people in by state. And I think
the left thought that they could weaponize and get a
lot of turn out with this, and there were a
lot of people that showed up and voted for abortion
and turned right around and also voted for groceries and

(29:38):
other things in.

Speaker 1 (29:38):
Donald Trump, I think that that was a miscalculation.

Speaker 2 (29:41):
But marijuana had a very good night, not so good
night for I always forget what they call that rank
share or rank.

Speaker 1 (29:49):
Rank choice voting. Yeah, rank choice did not have a
good night, nor did.

Speaker 10 (29:53):
Open primaries as well. The only one of these voting
reforms the past was in Washington, d C. But rank
choice voting fell in Arizona, Colorado, Idaho, Montana, Nevado, Oregon,
South Dakota.

Speaker 2 (30:05):
So yeah, that's and repealed in Alaska. Alaska had it
and they got rid of it.

Speaker 1 (30:11):
Right. It was a big, big, big loser from the election.

Speaker 2 (30:14):
Marijuana fared. I know, it lost in one. How did
marijuana do overall?

Speaker 9 (30:19):
She know?

Speaker 10 (30:20):
So yeah, bushes to get recreational marijuana approved fel did
not pass in Florida or north in South Dakota, so
all went down.

Speaker 1 (30:28):
Yeah, so they went up and smoked bad day for marijuana.

Speaker 10 (30:32):
The other one was just passed in Alaska and Missouri,
increasing things to fifteen bucks an hour. Eventually, Massachusetts had
a magic mushroom measure on there that failed to pass as.

Speaker 1 (30:44):
Well, and the illegals voting. Yeah, I mean that's yeah.

Speaker 2 (30:49):
I mean that one's a tough on because it's already law, right, yeah,
that's that show legislation, yeah, because it's just a matter
of enforcement, right, it's already there. But it did pass anyway.
To make a long story short, yes, that's a tough assignment.

Speaker 1 (31:02):
You had.

Speaker 2 (31:02):
That was a lot of digging, and this is you're right,
this is going to be as it should quite frankly,
become more of a normalcy.

Speaker 1 (31:10):
I think, right yeah, I mean that's the way the
system works.

Speaker 2 (31:14):
Roy O'Neil, he's a big deal. Good reporting. We'll talk
again tomorrow. Final say goes to you the listener. I
don't remember where he's coming from.

Speaker 1 (31:25):
We'll figure it out. Ben King from kt Okay. So
this is Ben from Oklahoma City. Go good morning, Michael.

Speaker 7 (31:34):
It's hard to remain humble after a clean sweep, but
we're so proud as Americans to get our country back.
And after all yesterday I was so happy I had
to listen to an old team from nineteen seventy Ray Stevens.

(31:54):
Everything is beautiful, sums it up.

Speaker 1 (31:57):
Have a good day, Michael.

Speaker 7 (31:58):
You're the greatest.

Speaker 3 (32:00):
We're all in this together. This is your Morning Show
with Michael Del Journo