Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
This is a podcast from War.
Speaker 2 (00:03):
It's Paul Gleiser on a big Friday edition to Fox
across America. Jimmy is out. He's going out of vacation
next week, but he'll be back after his vacation. Right now,
it's me filling in for Jimmy, and it is in
my Fox News fill in host contract that on Fridays
when I fill in for Jimmy, I get to talk
(00:25):
to Taylor Riggs from The Big Money Show on the
Fox Business Network.
Speaker 1 (00:29):
Taylor, how are you?
Speaker 3 (00:30):
Let's do this?
Speaker 2 (00:32):
I am so excited. I love Todys. There's so much
we could talk about today. It's almost where do we start?
Speaker 1 (00:38):
I know where we Okay, well let's start.
Speaker 2 (00:41):
With this because I want to. I have a little
ethical dilemma here. I need your help with back. Let's
jump in the way back machine to April first of
this year, Correat the down closed at fort nine. Yeah,
the the uh Don Trump announced the tariffs the day
(01:02):
of Liberation on the second. The market went down a lot. Yes,
A very good friend of mine, a real good pal.
He's kind of a squishy Republican and a pretty committed
never Trumper, he says to me, Paul were fed only
he filled out the rest of the word.
Speaker 3 (01:17):
He said, I'm sure he did.
Speaker 2 (01:18):
He said, we're screwed. It's just it's he said. I said, no,
I don't think so. I think you're can find it's
going to work out fine. He said, no, you're just
blinded because you're just one of those Trump guys.
Speaker 1 (01:29):
But this is really this is really bad news. It's
gonna be weird.
Speaker 2 (01:32):
And listen, go just go look at your four oh
one k and tell me you're happy. I said, I
don't look at my four oh one k every day.
His name is not Bill, but it's not gonna say
his name. I don't look at my four oh one
k every day because it's put away there for the
long term. You make yourself crazy looking every day. And
I think it's going to be fine. As of a
few minutes ago, the downs at forty three thousand, seven
(01:54):
hundred and fifty five, up four point two percent and
eighty seven days since April. And a media article out
today written by a guy let me get his name here,
written by a guy named David Gilmore. He writes the
headline one of Wall Street's top critics of President Donald
Trump's tariff Blitz has now admitted the president's unpredictable trade
(02:17):
policy may be more calculated than chaotic, asking out loud
in a new blog, magine is Trump a genius? And
he goes on to say, maybe the administration has outsmarted
all of us. So my dilemma is, do I go
to Bill not his name, but if I go to
Bilsie and doing I told you so on him?
Speaker 1 (02:37):
Or I just let it lie.
Speaker 4 (02:39):
Here's what you say to mister Bill hypothetical. Mister Bill, Bill,
had you been listening to all of us over at
Fox Business, we would have told you to stay the course.
If you're listening to some of the left wing media,
they tell you to panic that we are aft. In
your words, sell everything, go to cash.
Speaker 3 (03:03):
The world is ending.
Speaker 4 (03:05):
And I told you, I think many months ago, stay
invested by the dip. You were up almost nine percent
on the S and P five hundred from the Liberation Day.
The S and P five hundred was a fifty six
seventy one. You are a sixty one sixty three. Because
(03:28):
the world is not ending. I've heard from three Federal
Reserve Board presidents in the last seven days say, oh.
Speaker 3 (03:36):
Inflations, not tariffs.
Speaker 4 (03:38):
Are an inflationary Imagine that we're not quite seeing it
in the data. Looks like we can cut in July
instead of September. Imagine that. So my advice to everyone is,
you always have to take your emotions out of the market.
The market doesn't care about your emotions. I don't care about.
Speaker 3 (03:59):
How you feel.
Speaker 4 (04:00):
I don't care about if you're worried. I care about
what companies are doing. And we have the most strong, resilient,
nimble CEOs and American corporations out there. Nvidia bottomed out
at ninety five dollars a share. It is at one
hundred and fifty five dollars since April light.
Speaker 1 (04:21):
Yeah, have God blessed my wife? God blessed my wife.
Speaker 3 (04:23):
She took some with brillion dollar company.
Speaker 1 (04:28):
Yeah, my wife, I sold.
Speaker 3 (04:29):
You missed it.
Speaker 4 (04:30):
Take your emotions out of it. I don't care if
you like Trump you hate him. Stop investing emotionally and
followed the money I firmly, And I.
Speaker 3 (04:40):
Didn't mean to cut you off.
Speaker 4 (04:41):
But this stuff makes me so mad because people have
lost money because.
Speaker 3 (04:45):
The fear of mangerine.
Speaker 4 (04:47):
And you know, if they had just stayed the course,
they would have been up money. And then some so
it it makes me emotional because people wh who haven't
just stayed the course lost money.
Speaker 3 (05:03):
They missed it.
Speaker 4 (05:04):
They've missed this huge run up because they were reading
headlines from the New York Times saying that all hell's
breaking loose and sell America and American exceptionalism is over
and oh my gosh, everyone's just.
Speaker 3 (05:18):
Going to move to China. And that is not the case.
Speaker 4 (05:21):
I've made more money in the last couple months than
we have in a while. So stay the course and
do not invest on your political beliefs.
Speaker 2 (05:30):
Yeah, and my wife, God bless her, bought some things.
We had some loose cash, bought some things on the dip.
God bless her because it has paid off. But here's
the broader point, Taylor. It's looking increasingly like Donald Trump,
the deal maker, master negotiator, is when this is all
said and done, will have negotiated better trade deals than
(05:53):
we had, at no pain to the American consumer, at
no pain to the American economy, to the great benefit
of people who are working and making a living and
paying taxes and trying to to be vibrant members of
the middle class. It looks like he has. It looks
like he's going to deliver a big win for the
(06:15):
people in the heartland of the country that make the
country work.
Speaker 4 (06:18):
Real wages, wages after inflation are up. I was listening
to a speech by Larry Kudlow on Wednesday. I think
so far this year, real wages are up two point
seven percent and inflation is one point four percent.
Speaker 3 (06:31):
So after inflation, you're making money. Right, that's good.
Speaker 1 (06:36):
We've will By the way, when was the last time
that happened?
Speaker 4 (06:39):
It was not in the last four years, because when
was the last When was the.
Speaker 1 (06:43):
Last time it happened? Who was president? Then?
Speaker 4 (06:46):
Well, you know the answer, are you asking me hypothetical questions?
Speaker 3 (06:49):
It was Trump?
Speaker 1 (06:50):
It was Donald Trump? And the last time it happened.
Speaker 3 (06:55):
Is yeah. The best gauge for how we feel.
Speaker 4 (06:58):
I actually am finally getting it paid raised because the
wage increase that I'm getting is growing faster than inflation.
And that's nationwide. When it comes to trade deals, you know,
I think. Yeah. I talked about how nimble and smart
American companies are. A lot of people sort of rag
(07:19):
on the how dare the CEO make ten million dollars?
And my response is they're making ten million dollars because
in the last three months they just had to do
a master class in figuring out how to move their
supply chains. So if you're Apple or Nvidia or Nike,
which is up fifteen percent today, or whoever you are,
(07:40):
you're getting paid the big bucks because you've hopefully called
in your board of directors and said, all right, big boys,
now it's time to move. Where do we go? We're
going to Vietnam. How are we doing it? Where are
we avoiding tariffs? Were coming to America? If we come
to America, what's the cost, what's the benefit?
Speaker 3 (07:58):
What do we do? How do we increase work here? Right?
Speaker 4 (08:01):
And we've seen that because the stocks have not fallen,
the stocks have risen.
Speaker 1 (08:05):
So if you have.
Speaker 4 (08:06):
Good CEOs in charge and good companies like American company
like in Video that hires the best and brightest, they
are figuring it out and they are still winning. And
so I always trust that American companies are going to,
I don't know, figure it out. They have to, that's
(08:26):
what they're paid to do.
Speaker 1 (08:27):
And you can look at the CEO of inn Vidia,
I forget.
Speaker 2 (08:30):
His name, and there we go, and you look at
what he's being paid, and you can look at the
performance of Nvidia and argue that he is underpaid.
Speaker 3 (08:39):
Yeah, at one thousand percent.
Speaker 4 (08:40):
He came out and he said at their last earnings call,
we're effectively not giving any guidance on China because we're
not sure the situation over there is so volatile.
Speaker 3 (08:50):
The shares a.
Speaker 4 (08:51):
Rally because people are like, I don't care about your
Chinese revenue. You are crushing it in Ai. I don't
care if you're giving me, you know, forward guidance on
what you think your business is or is not like
in China. Stick to doing what you're doing and you'll win.
And that's why they're the most valuable company in the
world right now. They've surpassed Microsoft and well surpassed Apple.
(09:12):
So again that's just sort of one example. Right of
This is a company where we all thought, oh my gosh,
we're stopping their export of chips to China. We don't
want in videos Ai chips to go to China. And
everyone was like, uh, oh, China is what percent of
their revenue?
Speaker 3 (09:28):
Oh, China is a big market.
Speaker 4 (09:30):
If we don't allow the video to sell chips in China,
what happens? And Video said, We're good, We're fine, We've
still gotten a great American market. Of course, they would
like to be in China. It's a big source of
revenue for them. But this is a market that is
understanding that with really smart people in charge, really good,
nimble American companies, they're going to figure it out. They're
(09:53):
going to figure out a way to win no matter what.
And at least so far today and again it's one
day and we're at recordized today and everyone feels good.
But again, for the most part, what we've heard so
far this year is things are okay.
Speaker 1 (10:08):
Yeah.
Speaker 2 (10:08):
And also the little lesson I've preached this all the time,
beware of static analysis in a dynamic world, because you
can say, look at the current set of facts, Oh
my god, look what's Look what's how bad?
Speaker 1 (10:22):
That is?
Speaker 2 (10:22):
What you don't take into account is companies are going
to adapt. Whatever wherever action comes, there will be a reaction,
and the reaction will change the equation, and the reaction
will likely change the equation in a favorable way because
because companies will adapt.
Speaker 1 (10:39):
We we live in it.
Speaker 2 (10:40):
We have an economy there, and we have a system
of an economic system that encourages dynamic adaptation.
Speaker 4 (10:49):
Yes, I am a speechless because I almost don't even
know what else I can add. Again, I get so
angry with the fear mongering about how everyone's going to
go to Europe or China. I heard a great statistic.
Let me make sure I get it right. So give
me a second. One of the European leaders at Meta,
(11:11):
which owns Facebook and what's happened Instagram and all that said,
in the time that America has built six trillion dollar companies,
six of them, Europe has built zero. There you go,
because we've rules and regulations, and I'm telling you no
one's flooding the border of China to start a business
because once you become a billionaire, Hi Jianping makes you
(11:33):
disappear because you've threatened his power. So I'm super bullish
on America. I just got off set with a great
investor who was with us for the entire hour, and
he said he is now, for one of the first
times in a long time, unabashedly so bullish on this market,
especially if we think that the second half can be
better than the first half.
Speaker 3 (11:56):
Earning's growth looks good.
Speaker 4 (11:57):
Ubs just up their price target again because the fundamentals
of companies earnings, profitability, these aren't big bad companies that
are making profits. When they make profits and you get
a big beautiful bill and you get one hundred percent
a rite off on building a factory, they can invest
more in you and the employee give you a raise.
Speaker 3 (12:17):
They can invest more in America.
Speaker 4 (12:19):
They can invest more in productivity, in AI, in new services.
Speaker 3 (12:24):
That boosts the bottom line.
Speaker 4 (12:25):
That is good for the economic engine of America. And
the best driver of socioeconomic upward mobility is growth. So
if we can grow right now, we're at what three
point four percent estimates for one very volatile I will
caveat it that of second quarter GDP.
Speaker 3 (12:46):
That sounds great.
Speaker 4 (12:47):
You know, so I never discount America. I'm very upset
that people came out on tariff Day and said American
exceptionalism is over. Sell America. If you followed that advice,
you lost a lot of money.
Speaker 2 (13:00):
I was in a discussion earlier this week with a
client of mine here at my radio station who is
a pretty staunch never trumper, and he was, you know,
was beating on me, and you know, he said, well,
what's your fix? I said, my fix is real simple, Bob,
not again, not his name. My fix is real simple.
The country is deeply in debt. We got to we
have to fix that. And the only fix is three
(13:22):
percent growth every year for the next fifteen years. You
want anything that will grow the economy at three percent
or better, we can grow our way out of it.
Speaker 1 (13:32):
But that is the only way out of the box,
and the.
Speaker 4 (13:35):
Only way out of that box's capitalism. I'm sitting here
in New York City and I think that we are
on our way to electing a socialist mayor, which.
Speaker 3 (13:44):
Yeah, so shocking.
Speaker 1 (13:45):
Won't that be great?
Speaker 2 (13:46):
You can go to the city owned grocery store on
your way home from Fox and.
Speaker 3 (13:50):
Picked up everything you need as nice as the DMV.
Speaker 4 (13:53):
Yeah, it'd be great, won't exciting?
Speaker 2 (13:56):
Yeah, but your groceries at the government owned grocery store,
which will be all about superior customer service. I'm sure
you can't wait.
Speaker 4 (14:04):
But it is capitalism that is the answer. I'm confident
that he's not going to win. I'm confident that this
little social experiment that we've been through in the last
four years that ruined, almost ruined our country will not
work again in the city of New York come November.
Speaker 3 (14:22):
All right, and the capitalism will win. So let's see
for that.
Speaker 2 (14:25):
Taylor Riggs, The Big Money Show, Fox Business Network. Before
I'll let you go, or I'll let you go real
quick because a month against the break?
Speaker 1 (14:32):
How long before your baby comes?
Speaker 3 (14:34):
I'm praying for two to three more weeks?
Speaker 1 (14:37):
All right?
Speaker 2 (14:38):
Well listen a month all the best on that and
how long do we lose you? I won't get to
talk to you.
Speaker 3 (14:44):
You know, I'm going to be out for about three
and a half months.
Speaker 2 (14:46):
Oh well, that's a great thing you're doing because you're
being a mom and it's wonderful.
Speaker 1 (14:50):
But I will miss you terribly.
Speaker 4 (14:51):
I will miss you too, hope to have you back,
but I'll be here for a few more weeks.
Speaker 2 (14:55):
All right, Taylor Riggs, The Big Money Show, Fox Business Network.
Speaker 1 (14:59):
What is it noon east in one eastern?
Speaker 3 (15:00):
Noone eastern noon eastern?
Speaker 1 (15:02):
Uh, you got to be there, Taylor. It's a pleasure
as always.
Speaker 3 (15:05):
Thank you having a pleasure, having great weekend.
Speaker 2 (15:07):
Great weekend, and a happy fourth pauld iSER. And for
Jimmy Fayley here on Fox across America. More's coming up
Olds you're sitting it for Jimmy faily here on Fox
across America. Mike at Vinski, Producer Extraordinary are you going
to inflict the quiz on me again?
Speaker 1 (15:22):
Hey girl?
Speaker 2 (15:23):
Yes, all right, we got we got a short window here,
so do your worst.
Speaker 1 (15:28):
I'm only hearing out of one year. That's not good.
All right, let's go. There we go.
Speaker 5 (15:32):
What North Carolina University's fans for having a blue devil mascot?
Speaker 1 (15:35):
Although, no, duke, Okay, that's easy. There we are.
Speaker 5 (15:40):
The GI in g I track stands.
Speaker 1 (15:43):
For gastro intestinal. I got that. Yeah, two two? All right?
Speaker 5 (15:49):
When then WWF and professional wrestler implement which or what?
Then w F WWF Professional Wrestler infamously turned heel nineteen ninety.
Speaker 2 (15:59):
No, oh yeah, this guy, sergeant, sergeant, sergeant to what
are the choices?
Speaker 5 (16:05):
Sergeant slaughters a Randy Savage.
Speaker 1 (16:08):
Brett Hart's gotta sargeant slaughter It was sergeant something. There
we go, I remember, I remember that? Okay, next one.
Speaker 5 (16:17):
Off, theophagus Hannah is the scientific name for what animal?
Speaker 1 (16:21):
What are the choices?
Speaker 5 (16:22):
Moto dragon, Bengal tiger, African elephant or king cobra?
Speaker 2 (16:26):
What's in one of the mammals? So it's got to
be one of those two reptiles. Let's go with Let's
go with the snake the cobra. Wow, all right.
Speaker 5 (16:37):
At the age of thirty two and fifty eight days,
who was the youngest person ever nominated.
Speaker 2 (16:42):
To the Suprevio Joseph Story Joseph Story in the in
the nineteenth century.
Speaker 1 (16:45):
He was a prolific guy.
Speaker 6 (16:47):
I look at juice speeding through and he still got
a whole minute ago. Well look at that glory. Well,
well they were today, they were easy. That was that
stuff I actually knew. I guessed on the on the reptile,
I guess on that. I knew it wasn't one of
the tank, the tiger of the elephant.
Speaker 5 (17:04):
What do you think the olie would have gotten there?
Speaker 1 (17:06):
Oh, Zi, Well, he'd have gotten duke for sure.
Speaker 2 (17:08):
He would have gotten gastro intestinal because I've seen him eat.
Let's see, he wouldn't have gotten he might have he
might probably would.
Speaker 1 (17:17):
Have gotten the wrestler thing. I think he would have.
Speaker 2 (17:19):
He would have gotten them. He was three for three
on that. I think he'd he'd gotten three out of five.
I don't think he would have known the last two.
Speaker 1 (17:26):
I think you're right.
Speaker 2 (17:28):
So once again, once again we proved that I'm just
with respect to this sort of thing, I'm your guy
AND's the onlies not yeah.
Speaker 5 (17:37):
And when it comes to getting cats as Delhi and you.
Speaker 1 (17:40):
Can get which is all receee I'm talking about.
Speaker 2 (17:42):
It was the only eating Pauld Gleiser sitting in for
Jimmy Failler. The last half hour of the show is
coming up. We got good stuff coming in codey lending
a going to hand on New York Post. So don't
go away, ould glies here for Jimmy Fayler Fox across America.
I have not shamelessly plugged my weekly column you tell
me Texas dot Com. Today I write on what I'm
(18:03):
going to talk about with our guest here in just
a second. The Democratic primary and New York victory of
Zoron Mondami, an avowed socialist and avowed anti Semite, won
the Democratic primary to be the next mayor of New York.
On the line is Lydia moynihan of the New York
(18:24):
Post Financial correspondent. Lydia, welcome to the show and thanks
for taking the time time today.
Speaker 7 (18:29):
Oh my gosh. Please, Nothing I rather do on a
Friday afternoon.
Speaker 1 (18:33):
Well, I'm so glad of that is.
Speaker 2 (18:34):
Nothing I'd rather do either than talk to somebody as
as learned and as smart as you.
Speaker 1 (18:40):
On my favorite newspaper.
Speaker 2 (18:42):
You write, you wrote two days ago on the twenty fifth,
the morning after Mondami's one time would have been called
surprise victory in the Democratic primary for mayor in New York,
you wrote as follows opening line the lead. Within minutes
of so Ron Mandami clinching the Democratic nomination Tuesday night,
(19:05):
real estate agents like Ryan Sarahant were flooded with calls
from clients looking to walk away from deals to buy
apartments in New York City. High end buyers are now
looking to purchase property outside the city. Amplify on that
for us, if you would, Lydia.
Speaker 8 (19:22):
Yeah, so, I think it was very surprising, obviously to
see that sort of rapid reaction with people kind of
exploring options should he win. I will say, it's not
certainty that he will win the general election, and we
can get more into that in a little bit. But
what was very surprising though, is just the fact that
(19:43):
we are already seeing people walk away from deals that
they had in place, from apartments they were just about
to purchase, you know, in contract. Pretty Much everyone he said,
who he's working with is now either.
Speaker 7 (19:57):
Looking at moving or is trying to.
Speaker 8 (20:00):
Back out of a deal to make an investment in
New York City and to purchase an apartment.
Speaker 7 (20:04):
So it's it's.
Speaker 8 (20:06):
Pretty rapid, and it's of course, the irony is that,
you know, these are the very people who are supposed
to be paying for all of these programs that Ma'm done,
fail right, put.
Speaker 2 (20:16):
Up the money for the money, put up the money
for the city owned grocery stores exactly.
Speaker 8 (20:22):
So the math mathod I know, I know, but it's
I will say, you know, I feel like New York
is getting such a bad rap because of this, rightfully so,
but I will say it was less than ten percent
of the population.
Speaker 7 (20:36):
That voted to this guy.
Speaker 8 (20:37):
And the way it works is basically the Democratic primary
historically has determined.
Speaker 7 (20:44):
Who will win, but that's not always the case.
Speaker 8 (20:46):
Bloomberg actually was a Republican. Juliani, of course was a Republican.
So things things can change. So we'll see that the challenges.
Right now, there's sort of three more moderate Republican candidates,
Courris Leelaw and the Republican ticket and then Eric Adams.
It looks like Andrew Cormo running as independents, and the
and the.
Speaker 1 (21:06):
And the assistant the United States Attorney.
Speaker 2 (21:08):
His name for another guy who's running.
Speaker 7 (21:13):
Oh yes, yes, Howard.
Speaker 2 (21:15):
Or yeah, yeah, yeah. I talked about him. I talked
about him bleeding off the show. And I think the
math on this is, you know, those guys that are
independents but are really in truth are Democrats, will bleed
off enough Democrat votes to probably hand the election or
possibly not probably possibly hand the election to the Republican
and you could end up with one of those rare Republicans,
(21:38):
which you know, John Lindsay was a Republican until he
came out of the closet and was a Democrat, and
then Bloomberg tried to be a Republican and and kind
of wound up not being one. Then the last true
Republican prior to all of that goes back to LaGuardia
if you go look at the history.
Speaker 8 (21:57):
Yeah, you know, we're really we're not asking for much. Honestly,
we don't even need a Republican. We just need to
avoid a socialist.
Speaker 7 (22:05):
At this point. Well that's really all we could hope for.
Speaker 1 (22:08):
Because New York, I mean I'm in New York fairly frequently.
Speaker 2 (22:10):
And one of the things I noted, particularly post COVID
is with other than one of the leading retailers in
New York. Judging by the signs you see on at
street level, is prime space available?
Speaker 7 (22:22):
Yep?
Speaker 2 (22:22):
You see the signs on storefronts. It used to have
thriving businesses in them. Don't know, there's a lot of
vacant real estate. There'll be a lot more if this
guy gets elected. And you know, New York does not
need this. New York has got problems that you know,
run fairly deep. It's, as you say, New York's taken
a bad rap and deservedly, so you can't have this
(22:44):
in New York.
Speaker 8 (22:45):
I mean, it's truly the worst timing because obviously during COVID,
a lot of folks fled, either temporarily or permanently to
Florida replaces where they could essentially live a normal life.
Speaker 7 (22:58):
And many of those people have stayed in those places.
So from that, I.
Speaker 2 (23:04):
Live in Dallas and Goldman Goldman Sacks Goldman Sachs Is.
Speaker 1 (23:09):
I can drive you too.
Speaker 2 (23:10):
It's ten minutes from my house a big, big development
where they're going to move a big chunk of their
operation out of New York to Dallas and other big
New York City wirehouses are doing the same thing.
Speaker 8 (23:21):
You're no, You're absolutely right, And I mean we're seeing
that in other areas. Salt Lake City is another place
where Goldman has an office. But the concern is how
much more if mom Donnie does win, how much more
is that going to hasten the fact that people are
leaving and there is a tipping point at which point
there just is not enough money to pay for the basics.
(23:43):
And that's what I'm afraid could could happen. And I mean,
at some point it's how much, how much?
Speaker 7 (23:48):
How much do you take? So we'll see.
Speaker 8 (23:51):
I know, behind the scenes there's a lot of donors,
a lot of smart people who are hopefully trying to
ameliorate the situation.
Speaker 7 (23:59):
But it's think, it's just.
Speaker 8 (24:00):
So shocking to see the fact that so many people
can can buy into this ideology.
Speaker 7 (24:07):
And you know, I think it's a mix of some.
Speaker 8 (24:10):
Guilt probably at some level, and obviously kids who've been
in doctrinate universities. And then I was speaking with somebody
who kind of an interesting point. They talked about Instagram
and equality and that people are looking at the Bezos
wedding and they think, oh, my life isn't that great?
And these privileged kids who maybe they aren't billionaires, they're
very they're very lucky. But because of that, they kind
(24:31):
of they wanted they want socialism, they want they want
to take these billionaires down. So it's it's a it's
a bizarre phenomenon. And again, you know, it's it's.
Speaker 7 (24:40):
The working class people who voted overwhelming me for for
Cuomo in the primary.
Speaker 8 (24:45):
So it's really a handful of elite liberal kids. Probably
we're at the encampments in Columbia.
Speaker 7 (24:52):
Trying to push this radical agenda.
Speaker 2 (24:54):
Here's the scary thing. Alexandria a Casio Cortez from the
New York fourth she won her seat via a vanishingly
small turnout in that primary. And not only does she
was not only is she a congressman from New York,
she's one of the leading lights of the Democratic Party. Now, yep,
(25:17):
that should that should make your blood run cold.
Speaker 8 (25:20):
No, I mean New York is sort of an agenda
setting place, you know, people, all eyes.
Speaker 7 (25:25):
Are on New York City. It's the I think it's
the greatest city in the world.
Speaker 1 (25:29):
Are you a native New Yorker? Are you a New Yorker?
From me?
Speaker 8 (25:31):
Not.
Speaker 7 (25:32):
I'm not so. I moved to New York actually for college.
Speaker 8 (25:36):
And I think I think if you're not from New
York and you move here, you have an even greater
appreciation for.
Speaker 1 (25:42):
It, because where'd you grow up with you.
Speaker 7 (25:46):
Washington State?
Speaker 1 (25:47):
Okayve the other other side of the country.
Speaker 7 (25:50):
Yeah, yeah, with its own set of problems.
Speaker 1 (25:53):
Yes, yeah.
Speaker 2 (25:54):
Lydia moynihan, New York Post Financial Correspondence, So, Lydia, you know,
the Democratic Party doesn't seem to be coalesced around man Dami.
I mean, we've got car Bill out there saying it's
one of the worst things that could happen, a bunch
of prominent Dems or reportedly locked themselves in a room
trying to figure out what they're going to do about it,
(26:14):
so that he does not appear to have the support
of the Democratic Party.
Speaker 1 (26:19):
How do you see this playing out?
Speaker 8 (26:22):
Yeah, Fetterman called it kind of Christmas for Republicans. You know,
I think most normal people are looking at him and
thinking this is crazy, Like, why would we want readlines,
why would we want the kinds of policies that he's proposing.
Speaker 7 (26:39):
Long lifelong New.
Speaker 8 (26:41):
Yorker's lifelong Democrats are looking at him are pretty terrified.
And you know, it's interesting Barack Obama has not endorsed
him or said anything positive. You seem Bill Clinton actually
issued a statement, So it kind of feels like Chuck
Schumer did. You kind of feel like some of these
the older generations trying to seem cool and endorse him
right away. But other senators in New York, like Jilla Brand,
(27:02):
she hasn't said anything. So I think people are I'm
sure how to proceed because on the one hand, he
has so much enthusiasm behind him, the kind of enthusiasm
any politicians would want behind their candidacy. But on the
other hand, what do you think is not popular to
most of America. I don't want to jinx it, but
I don't think you could win a presidential campaign on this.
(27:22):
I think you can win a small subset of the
population and an ultra left city like New York City.
So I think from a macro level, people looking at
him are going to be terrified and terrified of the
direction that the Democratic Party is taking. And I just
hope that New York City is not the collateral damage.
I hope that we don't have to basically demonstrate to
the rest of the country. Why these policies are so problematic.
Speaker 1 (27:47):
Well, let's let's wargame this out Lydia, I want to
hand New York Post. Let's wargame this out.
Speaker 2 (27:52):
Let's say you've got Cuomo, You've got Eric Adams, and
you've got the assistant US Attorney whose name I can't
immediately call.
Speaker 1 (28:01):
But you got those three guys.
Speaker 2 (28:02):
They're all Democrats, but they're running is independent, so they're
likely if they're going to cost anybody votes, if they're
gonna if they're going to ross Perot, anybody they're going
to ross Perot, the the Democrat, Mandani, the avowed Democrat
on the on the ticket that leaves your Curtis Sliwa.
What what would you expect of a Curtis Sliwa mayoralty if.
Speaker 1 (28:25):
He were win by the fault?
Speaker 8 (28:27):
I don't I just don't think that that. I don't
think there's any universe in which he is elected. He
At this point, it does seem like Mamdani has more
not a majority, but has more of a plurality of
voters than than Sleiwa. And I think you would see
Republicans potentially voting for Adams or even Cuomala.
Speaker 1 (28:43):
Okay, so we get traditional.
Speaker 8 (28:45):
Analysis might not be accurate, but but should Sleewa be elected. Look,
he's launched something called the Guardian Angels where basically he
and others protected New York City. So that's that's my
number one issue as a voter when it comes to
the city. I want, I want to feel safe. I
want to be able to walk and not be worried
that I'm going to get mugged or attacks. That's that's
(29:09):
kind of when you think about Maslow's hierarchive needs, that's
kind of the basics. And so from that Van points,
while understands that safety is important, he's put himself on
the line and has been very clear that he wants
to support the NYPD and wants to make sure that
people who are protectors are empowered.
Speaker 7 (29:29):
So that's that's huge.
Speaker 8 (29:31):
And uh, he he's not a crazy person.
Speaker 7 (29:35):
You know.
Speaker 8 (29:35):
He doesn't want to send sixty five million dollars of
tax ceremony on transgender surgeries in New York.
Speaker 1 (29:40):
So he doesn't want he doesn't want city owned grocery stores.
Speaker 8 (29:44):
He doesn't he doesn't want city owned grocery store.
Speaker 2 (29:47):
You just imagine doing your shopping at a city owned
grocery store. The outstanding customer service you'd receive, and the
and the magnificent selection, and and they're immediate, they're immediately
jumping to respond to you if you if you were
unhappy with the with the quality of the.
Speaker 8 (30:03):
Produce, see all of the efficiency and the joy of
the DMV and the post office grocery store at the
ghost office.
Speaker 1 (30:11):
Yeah, at the grocery store.
Speaker 8 (30:13):
I I I love going to the GMB, so I
can only imagine how wonderful that would be to get
to go to a grocery store that's exactly like that.
I think that would be a very very unique experience. No,
but I mean, look for the people who are rich
who do stay, I think they're going to be okay there,
(30:36):
but that their private chef goes shopping for them at
the wait wait for hours and the breadlines. But it's
the working class people and that's those are the people
who did not put performed.
Speaker 7 (30:46):
Those are the people who are really going to get
hit hard by this.
Speaker 2 (30:50):
Well, it's a it's a young woman that I saw
going down the steps of the subway trying to get
her child's stroller down the steps.
Speaker 1 (30:56):
She'd obviously just picked the child up at.
Speaker 2 (30:58):
Daycare, she's working, she's you know, wearing the WREQUI was it,
you know, business attire and tennis shoes that.
Speaker 1 (31:05):
You know, women in New York wants to do the commute.
Speaker 2 (31:07):
And I see her, she's trying struggling to get the
stroller down the down the steps of the subway. She's
the one that pays the price, yep, yep, and she
gets hammered in in that that sort of a situation.
And you know, New York City is you know, is
a city that used to lock up criminals that now
locks up toothpaste.
Speaker 7 (31:27):
Yeah, that's exactly right.
Speaker 8 (31:29):
And I think, especially after what happened with Daniel Penny,
which was just a few months ago where hed it
kind of felt like, Okay, New Yorkers get it, we're
reasonable here. And yet Alvin Fragg was reelected are crazy
day and you know, Mom Donnie was elected, who represents
(31:52):
exactly what Daniel Penny sort of shot against. So I, I,
you know, partner and I had discussed would we stay here,
and I just I.
Speaker 7 (32:03):
Don't know the answer.
Speaker 8 (32:03):
I think it's it's a premature, and I think again,
there's it's not inevitable that Mom Donnie is elected. But
there's a very good chance and that's pretty terrifying, it is.
Speaker 2 (32:16):
And if he, if he is elected, certain things do
become inevitable, and one among them being a mass exodus
of people that have the means to do so, a
real hit to real estate prices in New York that
becomes inevitable.
Speaker 7 (32:30):
Real estate socks have yeah fall.
Speaker 2 (32:32):
Yeah, So there's some things, some things absolutely become inevitable
and inevitable if he does win the election. You know,
at least, you know, we can lydia. We can we
can comfort ourselves in saying that we live in interesting times, which,
by the way, may you live in interesting times. That
was not a that was not a blessing. It was
a curse. Oh yes, that phrase is a curse. And we, boy,
(32:54):
we do live in interesting times.
Speaker 8 (32:56):
One can only hope that this will galvanize everyone recognize
we need to step up. We need to protect the
city that we've created, our values. I mean, this is
the hub in the center of capitalism and.
Speaker 7 (33:10):
It is world.
Speaker 2 (33:11):
As an American, you know, I want to be proud
even though I'm a I'm a Texan, and we Texans
have our attitudes towards New Yorkers. But as an American,
I want to be proud of our number one city. Now,
I want to be proud of the biggest city in
the country. When I travel abroad, I want I want
New York to be someplace I can point to and say, yeah,
(33:31):
that's that's that is a really great American city.
Speaker 1 (33:35):
That's what I want.
Speaker 2 (33:37):
Lydia Morning Hand, New York Nation, New York, Absolutely New
York Post Financial correspondent.
Speaker 1 (33:42):
I really appreciate you taking the.
Speaker 8 (33:43):
Time, of course, it was so so wonderful, and I
appreciate you all the way in Texas taking interest in
our plight here in New York.
Speaker 2 (33:52):
All right, Lydia Morninghand of the New York Post. Have
a great weekend and great fourth of July. I hope
we get to do this again.
Speaker 7 (33:57):
Likewise, speak soon, all right.
Speaker 2 (33:59):
Paul Glaiser for Jimmy Fayler. Back to wrap it up
after this, Paul Glaisier for Jimmy Fayler. Here, wrapping it
up for you folks to live you fox across Americans.
If you live in Maine, Alaska, Missouri, North Carolina, Iowa, Kentucky, Wisconsin, Utah,
and Florida, at least one of your senators is standing
and leaning against or standing in firm opposition to the
(34:22):
Big Beautiful Bill. Get on the phone. The bill's not perfect.
There's things in it I don't like. I don't in
some places I think it goes too far. In many
more places I think it doesn't go far enough. But
right now as it sits, right now today, we have
a binary choice. Pass this bill or lose the Congress
(34:44):
in the midterms and lose the entirety of the Trump agenda.
So you got to decide what do you want. Do
you want perfect or you want good? It's a binary choice.
Speaker 1 (34:53):
Now.
Speaker 2 (34:53):
This thing has to pass, imperfect though it may be.
So get on the horn to Susan Collins and Lisa
Murkowski and Alaska, Josh Hally in Missouri, Tom tillis North Carolina,
Jony Erst and Iowa, Rand Paul in Kentucky. You're not
going to move him, Ron Johnson and Wisconsin, Mike Lee
in Utah, and Rick Scott in Florida. And make sure
(35:14):
those guys understand, those men and women understand that even
if it's not perfect, and even if they have very
legitimate objections to the Big Beautiful Bill, vote for it.
If it's if it's the big sort of good looking
bill or the big kind of homely bill, because it's
the bill we got and it has to pass if
(35:35):
the Republicans are going to stay in charge. Paul Gusher
for Jimmy Failly here wrapping up the week. Have had
a great time, Thanks for being part of the program.
Have a great weekend. God bless America and God bless you.
Speaker 1 (35:46):
This has been a podcast from wor
This is a podcast from War.
Speaker 2 (00:03):
It's Paul Gleiser on a big Friday edition to Fox
across America. Jimmy is out. He's going out of vacation
next week, but he'll be back after his vacation. Right now,
it's me filling in for Jimmy, and it is in
my Fox News fill in host contract that on Fridays
when I fill in for Jimmy, I get to talk
(00:25):
to Taylor Riggs from The Big Money Show on the
Fox Business Network.
Speaker 1 (00:29):
Taylor, how are you?
Speaker 3 (00:30):
Let's do this?
Speaker 2 (00:32):
I am so excited. I love Todys. There's so much
we could talk about today. It's almost where do we start?
Speaker 1 (00:38):
I know where we Okay, well let's start.
Speaker 2 (00:41):
With this because I want to. I have a little
ethical dilemma here. I need your help with back. Let's
jump in the way back machine to April first of
this year, Correat the down closed at fort nine. Yeah,
the the uh Don Trump announced the tariffs the day
(01:02):
of Liberation on the second. The market went down a lot. Yes,
A very good friend of mine, a real good pal.
He's kind of a squishy Republican and a pretty committed
never Trumper, he says to me, Paul were fed only
he filled out the rest of the word.
Speaker 3 (01:17):
He said, I'm sure he did.
Speaker 2 (01:18):
He said, we're screwed. It's just it's he said. I said, no,
I don't think so. I think you're can find it's
going to work out fine. He said, no, you're just
blinded because you're just one of those Trump guys.
Speaker 1 (01:29):
But this is really this is really bad news. It's
gonna be weird.
Speaker 2 (01:32):
And listen, go just go look at your four oh
one k and tell me you're happy. I said, I
don't look at my four oh one k every day.
His name is not Bill, but it's not gonna say
his name. I don't look at my four oh one
k every day because it's put away there for the
long term. You make yourself crazy looking every day. And
I think it's going to be fine. As of a
few minutes ago, the downs at forty three thousand, seven
(01:54):
hundred and fifty five, up four point two percent and
eighty seven days since April. And a media article out
today written by a guy let me get his name here,
written by a guy named David Gilmore. He writes the
headline one of Wall Street's top critics of President Donald
Trump's tariff Blitz has now admitted the president's unpredictable trade
(02:17):
policy may be more calculated than chaotic, asking out loud
in a new blog, magine is Trump a genius? And
he goes on to say, maybe the administration has outsmarted
all of us. So my dilemma is, do I go
to Bill not his name, but if I go to
Bilsie and doing I told you so on him?
Speaker 1 (02:37):
Or I just let it lie.
Speaker 4 (02:39):
Here's what you say to mister Bill hypothetical. Mister Bill, Bill,
had you been listening to all of us over at
Fox Business, we would have told you to stay the course.
If you're listening to some of the left wing media,
they tell you to panic that we are aft. In
your words, sell everything, go to cash.
Speaker 3 (03:03):
The world is ending.
Speaker 4 (03:05):
And I told you, I think many months ago, stay
invested by the dip. You were up almost nine percent
on the S and P five hundred from the Liberation Day.
The S and P five hundred was a fifty six
seventy one. You are a sixty one sixty three. Because
(03:28):
the world is not ending. I've heard from three Federal
Reserve Board presidents in the last seven days say, oh.
Speaker 3 (03:36):
Inflations, not tariffs.
Speaker 4 (03:38):
Are an inflationary Imagine that we're not quite seeing it
in the data. Looks like we can cut in July
instead of September. Imagine that. So my advice to everyone is,
you always have to take your emotions out of the market.
The market doesn't care about your emotions. I don't care about.
Speaker 3 (03:59):
How you feel.
Speaker 4 (04:00):
I don't care about if you're worried. I care about
what companies are doing. And we have the most strong, resilient,
nimble CEOs and American corporations out there. Nvidia bottomed out
at ninety five dollars a share. It is at one
hundred and fifty five dollars since April light.
Speaker 1 (04:21):
Yeah, have God blessed my wife? God blessed my wife.
Speaker 3 (04:23):
She took some with brillion dollar company.
Speaker 1 (04:28):
Yeah, my wife, I sold.
Speaker 3 (04:29):
You missed it.
Speaker 4 (04:30):
Take your emotions out of it. I don't care if
you like Trump you hate him. Stop investing emotionally and
followed the money I firmly, And I.
Speaker 3 (04:40):
Didn't mean to cut you off.
Speaker 4 (04:41):
But this stuff makes me so mad because people have
lost money because.
Speaker 3 (04:45):
The fear of mangerine.
Speaker 4 (04:47):
And you know, if they had just stayed the course,
they would have been up money. And then some so
it it makes me emotional because people wh who haven't
just stayed the course lost money.
Speaker 3 (05:03):
They missed it.
Speaker 4 (05:04):
They've missed this huge run up because they were reading
headlines from the New York Times saying that all hell's
breaking loose and sell America and American exceptionalism is over
and oh my gosh, everyone's just.
Speaker 3 (05:18):
Going to move to China. And that is not the case.
Speaker 4 (05:21):
I've made more money in the last couple months than
we have in a while. So stay the course and
do not invest on your political beliefs.
Speaker 2 (05:30):
Yeah, and my wife, God bless her, bought some things.
We had some loose cash, bought some things on the dip.
God bless her because it has paid off. But here's
the broader point, Taylor. It's looking increasingly like Donald Trump,
the deal maker, master negotiator, is when this is all
said and done, will have negotiated better trade deals than
(05:53):
we had, at no pain to the American consumer, at
no pain to the American economy, to the great benefit
of people who are working and making a living and
paying taxes and trying to to be vibrant members of
the middle class. It looks like he has. It looks
like he's going to deliver a big win for the
(06:15):
people in the heartland of the country that make the
country work.
Speaker 4 (06:18):
Real wages, wages after inflation are up. I was listening
to a speech by Larry Kudlow on Wednesday. I think
so far this year, real wages are up two point
seven percent and inflation is one point four percent.
Speaker 3 (06:31):
So after inflation, you're making money. Right, that's good.
Speaker 1 (06:36):
We've will By the way, when was the last time
that happened?
Speaker 4 (06:39):
It was not in the last four years, because when
was the last When was the.
Speaker 1 (06:43):
Last time it happened? Who was president? Then?
Speaker 4 (06:46):
Well, you know the answer, are you asking me hypothetical questions?
Speaker 3 (06:49):
It was Trump?
Speaker 1 (06:50):
It was Donald Trump? And the last time it happened.
Speaker 3 (06:55):
Is yeah. The best gauge for how we feel.
Speaker 4 (06:58):
I actually am finally getting it paid raised because the
wage increase that I'm getting is growing faster than inflation.
And that's nationwide. When it comes to trade deals, you know,
I think. Yeah. I talked about how nimble and smart
American companies are. A lot of people sort of rag
(07:19):
on the how dare the CEO make ten million dollars?
And my response is they're making ten million dollars because
in the last three months they just had to do
a master class in figuring out how to move their
supply chains. So if you're Apple or Nvidia or Nike,
which is up fifteen percent today, or whoever you are,
(07:40):
you're getting paid the big bucks because you've hopefully called
in your board of directors and said, all right, big boys,
now it's time to move. Where do we go? We're
going to Vietnam. How are we doing it? Where are
we avoiding tariffs? Were coming to America? If we come
to America, what's the cost, what's the benefit?
Speaker 3 (07:58):
What do we do? How do we increase work here? Right?
Speaker 4 (08:01):
And we've seen that because the stocks have not fallen,
the stocks have risen.
Speaker 1 (08:05):
So if you have.
Speaker 4 (08:06):
Good CEOs in charge and good companies like American company
like in Video that hires the best and brightest, they
are figuring it out and they are still winning. And
so I always trust that American companies are going to,
I don't know, figure it out. They have to, that's
(08:26):
what they're paid to do.
Speaker 1 (08:27):
And you can look at the CEO of inn Vidia,
I forget.
Speaker 2 (08:30):
His name, and there we go, and you look at
what he's being paid, and you can look at the
performance of Nvidia and argue that he is underpaid.
Speaker 3 (08:39):
Yeah, at one thousand percent.
Speaker 4 (08:40):
He came out and he said at their last earnings call,
we're effectively not giving any guidance on China because we're
not sure the situation over there is so volatile.
Speaker 3 (08:50):
The shares a.
Speaker 4 (08:51):
Rally because people are like, I don't care about your
Chinese revenue. You are crushing it in Ai. I don't
care if you're giving me, you know, forward guidance on
what you think your business is or is not like
in China. Stick to doing what you're doing and you'll win.
And that's why they're the most valuable company in the
world right now. They've surpassed Microsoft and well surpassed Apple.
(09:12):
So again that's just sort of one example. Right of
This is a company where we all thought, oh my gosh,
we're stopping their export of chips to China. We don't
want in videos Ai chips to go to China. And
everyone was like, uh, oh, China is what percent of
their revenue?
Speaker 3 (09:28):
Oh, China is a big market.
Speaker 4 (09:30):
If we don't allow the video to sell chips in China,
what happens? And Video said, We're good, We're fine, We've
still gotten a great American market. Of course, they would
like to be in China. It's a big source of
revenue for them. But this is a market that is
understanding that with really smart people in charge, really good,
nimble American companies, they're going to figure it out. They're
(09:53):
going to figure out a way to win no matter what.
And at least so far today and again it's one
day and we're at recordized today and everyone feels good.
But again, for the most part, what we've heard so
far this year is things are okay.
Speaker 1 (10:08):
Yeah.
Speaker 2 (10:08):
And also the little lesson I've preached this all the time,
beware of static analysis in a dynamic world, because you
can say, look at the current set of facts, Oh
my god, look what's Look what's how bad?
Speaker 1 (10:22):
That is?
Speaker 2 (10:22):
What you don't take into account is companies are going
to adapt. Whatever wherever action comes, there will be a reaction,
and the reaction will change the equation, and the reaction
will likely change the equation in a favorable way because
because companies will adapt.
Speaker 1 (10:39):
We we live in it.
Speaker 2 (10:40):
We have an economy there, and we have a system
of an economic system that encourages dynamic adaptation.
Speaker 4 (10:49):
Yes, I am a speechless because I almost don't even
know what else I can add. Again, I get so
angry with the fear mongering about how everyone's going to
go to Europe or China. I heard a great statistic.
Let me make sure I get it right. So give
me a second. One of the European leaders at Meta,
(11:11):
which owns Facebook and what's happened Instagram and all that said,
in the time that America has built six trillion dollar companies,
six of them, Europe has built zero. There you go,
because we've rules and regulations, and I'm telling you no
one's flooding the border of China to start a business
because once you become a billionaire, Hi Jianping makes you
(11:33):
disappear because you've threatened his power. So I'm super bullish
on America. I just got off set with a great
investor who was with us for the entire hour, and
he said he is now, for one of the first
times in a long time, unabashedly so bullish on this market,
especially if we think that the second half can be
better than the first half.
Speaker 3 (11:56):
Earning's growth looks good.
Speaker 4 (11:57):
Ubs just up their price target again because the fundamentals
of companies earnings, profitability, these aren't big bad companies that
are making profits. When they make profits and you get
a big beautiful bill and you get one hundred percent
a rite off on building a factory, they can invest
more in you and the employee give you a raise.
Speaker 3 (12:17):
They can invest more in America.
Speaker 4 (12:19):
They can invest more in productivity, in AI, in new services.
Speaker 3 (12:24):
That boosts the bottom line.
Speaker 4 (12:25):
That is good for the economic engine of America. And
the best driver of socioeconomic upward mobility is growth. So
if we can grow right now, we're at what three
point four percent estimates for one very volatile I will
caveat it that of second quarter GDP.
Speaker 3 (12:46):
That sounds great.
Speaker 4 (12:47):
You know, so I never discount America. I'm very upset
that people came out on tariff Day and said American
exceptionalism is over. Sell America. If you followed that advice,
you lost a lot of money.
Speaker 2 (13:00):
I was in a discussion earlier this week with a
client of mine here at my radio station who is
a pretty staunch never trumper, and he was, you know,
was beating on me, and you know, he said, well,
what's your fix? I said, my fix is real simple, Bob,
not again, not his name. My fix is real simple.
The country is deeply in debt. We got to we
have to fix that. And the only fix is three
(13:22):
percent growth every year for the next fifteen years. You
want anything that will grow the economy at three percent
or better, we can grow our way out of it.
Speaker 1 (13:32):
But that is the only way out of the box,
and the.
Speaker 4 (13:35):
Only way out of that box's capitalism. I'm sitting here
in New York City and I think that we are
on our way to electing a socialist mayor, which.
Speaker 3 (13:44):
Yeah, so shocking.
Speaker 1 (13:45):
Won't that be great?
Speaker 2 (13:46):
You can go to the city owned grocery store on
your way home from Fox and.
Speaker 3 (13:50):
Picked up everything you need as nice as the DMV.
Speaker 4 (13:53):
Yeah, it'd be great, won't exciting?
Speaker 2 (13:56):
Yeah, but your groceries at the government owned grocery store,
which will be all about superior customer service. I'm sure
you can't wait.
Speaker 4 (14:04):
But it is capitalism that is the answer. I'm confident
that he's not going to win. I'm confident that this
little social experiment that we've been through in the last
four years that ruined, almost ruined our country will not
work again in the city of New York come November.
Speaker 3 (14:22):
All right, and the capitalism will win. So let's see
for that.
Speaker 2 (14:25):
Taylor Riggs, The Big Money Show, Fox Business Network. Before
I'll let you go, or I'll let you go real
quick because a month against the break?
Speaker 1 (14:32):
How long before your baby comes?
Speaker 3 (14:34):
I'm praying for two to three more weeks?
Speaker 1 (14:37):
All right?
Speaker 2 (14:38):
Well listen a month all the best on that and
how long do we lose you? I won't get to
talk to you.
Speaker 3 (14:44):
You know, I'm going to be out for about three
and a half months.
Speaker 2 (14:46):
Oh well, that's a great thing you're doing because you're
being a mom and it's wonderful.
Speaker 1 (14:50):
But I will miss you terribly.
Speaker 4 (14:51):
I will miss you too, hope to have you back,
but I'll be here for a few more weeks.
Speaker 2 (14:55):
All right, Taylor Riggs, The Big Money Show, Fox Business Network.
Speaker 1 (14:59):
What is it noon east in one eastern?
Speaker 3 (15:00):
Noone eastern noon eastern?
Speaker 1 (15:02):
Uh, you got to be there, Taylor. It's a pleasure
as always.
Speaker 3 (15:05):
Thank you having a pleasure, having great weekend.
Speaker 2 (15:07):
Great weekend, and a happy fourth pauld iSER. And for
Jimmy Fayley here on Fox across America. More's coming up
Olds you're sitting it for Jimmy faily here on Fox
across America. Mike at Vinski, Producer Extraordinary are you going
to inflict the quiz on me again?
Speaker 1 (15:22):
Hey girl?
Speaker 2 (15:23):
Yes, all right, we got we got a short window here,
so do your worst.
Speaker 1 (15:28):
I'm only hearing out of one year. That's not good.
All right, let's go. There we go.
Speaker 5 (15:32):
What North Carolina University's fans for having a blue devil mascot?
Speaker 1 (15:35):
Although, no, duke, Okay, that's easy. There we are.
Speaker 5 (15:40):
The GI in g I track stands.
Speaker 1 (15:43):
For gastro intestinal. I got that. Yeah, two two? All right?
Speaker 5 (15:49):
When then WWF and professional wrestler implement which or what?
Then w F WWF Professional Wrestler infamously turned heel nineteen ninety.
Speaker 2 (15:59):
No, oh yeah, this guy, sergeant, sergeant, sergeant to what
are the choices?
Speaker 5 (16:05):
Sergeant slaughters a Randy Savage.
Speaker 1 (16:08):
Brett Hart's gotta sargeant slaughter It was sergeant something. There
we go, I remember, I remember that? Okay, next one.
Speaker 5 (16:17):
Off, theophagus Hannah is the scientific name for what animal?
Speaker 1 (16:21):
What are the choices?
Speaker 5 (16:22):
Moto dragon, Bengal tiger, African elephant or king cobra?
Speaker 2 (16:26):
What's in one of the mammals? So it's got to
be one of those two reptiles. Let's go with Let's
go with the snake the cobra. Wow, all right.
Speaker 5 (16:37):
At the age of thirty two and fifty eight days,
who was the youngest person ever nominated.
Speaker 2 (16:42):
To the Suprevio Joseph Story Joseph Story in the in
the nineteenth century.
Speaker 1 (16:45):
He was a prolific guy.
Speaker 6 (16:47):
I look at juice speeding through and he still got
a whole minute ago. Well look at that glory. Well,
well they were today, they were easy. That was that
stuff I actually knew. I guessed on the on the reptile,
I guess on that. I knew it wasn't one of
the tank, the tiger of the elephant.
Speaker 5 (17:04):
What do you think the olie would have gotten there?
Speaker 1 (17:06):
Oh, Zi, Well, he'd have gotten duke for sure.
Speaker 2 (17:08):
He would have gotten gastro intestinal because I've seen him eat.
Let's see, he wouldn't have gotten he might have he
might probably would.
Speaker 1 (17:17):
Have gotten the wrestler thing. I think he would have.
Speaker 2 (17:19):
He would have gotten them. He was three for three
on that. I think he'd he'd gotten three out of five.
I don't think he would have known the last two.
Speaker 1 (17:26):
I think you're right.
Speaker 2 (17:28):
So once again, once again we proved that I'm just
with respect to this sort of thing, I'm your guy
AND's the onlies not yeah.
Speaker 5 (17:37):
And when it comes to getting cats as Delhi and you.
Speaker 1 (17:40):
Can get which is all receee I'm talking about.
Speaker 2 (17:42):
It was the only eating Pauld Gleiser sitting in for
Jimmy Failler. The last half hour of the show is
coming up. We got good stuff coming in codey lending
a going to hand on New York Post. So don't
go away, ould glies here for Jimmy Fayler Fox across America.
I have not shamelessly plugged my weekly column you tell
me Texas dot Com. Today I write on what I'm
(18:03):
going to talk about with our guest here in just
a second. The Democratic primary and New York victory of
Zoron Mondami, an avowed socialist and avowed anti Semite, won
the Democratic primary to be the next mayor of New York.
On the line is Lydia moynihan of the New York
(18:24):
Post Financial correspondent. Lydia, welcome to the show and thanks
for taking the time time today.
Speaker 7 (18:29):
Oh my gosh. Please, Nothing I rather do on a
Friday afternoon.
Speaker 1 (18:33):
Well, I'm so glad of that is.
Speaker 2 (18:34):
Nothing I'd rather do either than talk to somebody as
as learned and as smart as you.
Speaker 1 (18:40):
On my favorite newspaper.
Speaker 2 (18:42):
You write, you wrote two days ago on the twenty fifth,
the morning after Mondami's one time would have been called
surprise victory in the Democratic primary for mayor in New York,
you wrote as follows opening line the lead. Within minutes
of so Ron Mandami clinching the Democratic nomination Tuesday night,
(19:05):
real estate agents like Ryan Sarahant were flooded with calls
from clients looking to walk away from deals to buy
apartments in New York City. High end buyers are now
looking to purchase property outside the city. Amplify on that
for us, if you would, Lydia.
Speaker 8 (19:22):
Yeah, so, I think it was very surprising, obviously to
see that sort of rapid reaction with people kind of
exploring options should he win. I will say, it's not
certainty that he will win the general election, and we
can get more into that in a little bit. But
what was very surprising though, is just the fact that
(19:43):
we are already seeing people walk away from deals that
they had in place, from apartments they were just about
to purchase, you know, in contract. Pretty Much everyone he said,
who he's working with is now either.
Speaker 7 (19:57):
Looking at moving or is trying to.
Speaker 8 (20:00):
Back out of a deal to make an investment in
New York City and to purchase an apartment.
Speaker 7 (20:04):
So it's it's.
Speaker 8 (20:06):
Pretty rapid, and it's of course, the irony is that,
you know, these are the very people who are supposed
to be paying for all of these programs that Ma'm done,
fail right, put.
Speaker 2 (20:16):
Up the money for the money, put up the money
for the city owned grocery stores exactly.
Speaker 8 (20:22):
So the math mathod I know, I know, but it's
I will say, you know, I feel like New York
is getting such a bad rap because of this, rightfully so,
but I will say it was less than ten percent
of the population.
Speaker 7 (20:36):
That voted to this guy.
Speaker 8 (20:37):
And the way it works is basically the Democratic primary
historically has determined.
Speaker 7 (20:44):
Who will win, but that's not always the case.
Speaker 8 (20:46):
Bloomberg actually was a Republican. Juliani, of course was a Republican.
So things things can change. So we'll see that the challenges.
Right now, there's sort of three more moderate Republican candidates,
Courris Leelaw and the Republican ticket and then Eric Adams.
It looks like Andrew Cormo running as independents, and the
and the.
Speaker 1 (21:06):
And the assistant the United States Attorney.
Speaker 2 (21:08):
His name for another guy who's running.
Speaker 7 (21:13):
Oh yes, yes, Howard.
Speaker 2 (21:15):
Or yeah, yeah, yeah. I talked about him. I talked
about him bleeding off the show. And I think the
math on this is, you know, those guys that are
independents but are really in truth are Democrats, will bleed
off enough Democrat votes to probably hand the election or
possibly not probably possibly hand the election to the Republican
and you could end up with one of those rare Republicans,
(21:38):
which you know, John Lindsay was a Republican until he
came out of the closet and was a Democrat, and
then Bloomberg tried to be a Republican and and kind
of wound up not being one. Then the last true
Republican prior to all of that goes back to LaGuardia
if you go look at the history.
Speaker 8 (21:57):
Yeah, you know, we're really we're not asking for much. Honestly,
we don't even need a Republican. We just need to
avoid a socialist.
Speaker 7 (22:05):
At this point. Well that's really all we could hope for.
Speaker 1 (22:08):
Because New York, I mean I'm in New York fairly frequently.
Speaker 2 (22:10):
And one of the things I noted, particularly post COVID
is with other than one of the leading retailers in
New York. Judging by the signs you see on at
street level, is prime space available?
Speaker 7 (22:22):
Yep?
Speaker 2 (22:22):
You see the signs on storefronts. It used to have
thriving businesses in them. Don't know, there's a lot of
vacant real estate. There'll be a lot more if this
guy gets elected. And you know, New York does not
need this. New York has got problems that you know,
run fairly deep. It's, as you say, New York's taken
a bad rap and deservedly, so you can't have this
(22:44):
in New York.
Speaker 8 (22:45):
I mean, it's truly the worst timing because obviously during COVID,
a lot of folks fled, either temporarily or permanently to
Florida replaces where they could essentially live a normal life.
Speaker 7 (22:58):
And many of those people have stayed in those places.
So from that, I.
Speaker 2 (23:04):
Live in Dallas and Goldman Goldman Sacks Goldman Sachs Is.
Speaker 1 (23:09):
I can drive you too.
Speaker 2 (23:10):
It's ten minutes from my house a big, big development
where they're going to move a big chunk of their
operation out of New York to Dallas and other big
New York City wirehouses are doing the same thing.
Speaker 8 (23:21):
You're no, You're absolutely right, And I mean we're seeing
that in other areas. Salt Lake City is another place
where Goldman has an office. But the concern is how
much more if mom Donnie does win, how much more
is that going to hasten the fact that people are
leaving and there is a tipping point at which point
there just is not enough money to pay for the basics.
(23:43):
And that's what I'm afraid could could happen. And I mean,
at some point it's how much, how much?
Speaker 7 (23:48):
How much do you take? So we'll see.
Speaker 8 (23:51):
I know, behind the scenes there's a lot of donors,
a lot of smart people who are hopefully trying to
ameliorate the situation.
Speaker 7 (23:59):
But it's think, it's just.
Speaker 8 (24:00):
So shocking to see the fact that so many people
can can buy into this ideology.
Speaker 7 (24:07):
And you know, I think it's a mix of some.
Speaker 8 (24:10):
Guilt probably at some level, and obviously kids who've been
in doctrinate universities. And then I was speaking with somebody
who kind of an interesting point. They talked about Instagram
and equality and that people are looking at the Bezos
wedding and they think, oh, my life isn't that great?
And these privileged kids who maybe they aren't billionaires, they're
very they're very lucky. But because of that, they kind
(24:31):
of they wanted they want socialism, they want they want
to take these billionaires down. So it's it's a it's
a bizarre phenomenon. And again, you know, it's it's.
Speaker 7 (24:40):
The working class people who voted overwhelming me for for
Cuomo in the primary.
Speaker 8 (24:45):
So it's really a handful of elite liberal kids. Probably
we're at the encampments in Columbia.
Speaker 7 (24:52):
Trying to push this radical agenda.
Speaker 2 (24:54):
Here's the scary thing. Alexandria a Casio Cortez from the
New York fourth she won her seat via a vanishingly
small turnout in that primary. And not only does she
was not only is she a congressman from New York,
she's one of the leading lights of the Democratic Party. Now, yep,
(25:17):
that should that should make your blood run cold.
Speaker 8 (25:20):
No, I mean New York is sort of an agenda
setting place, you know, people, all eyes.
Speaker 7 (25:25):
Are on New York City. It's the I think it's
the greatest city in the world.
Speaker 1 (25:29):
Are you a native New Yorker? Are you a New Yorker?
From me?
Speaker 8 (25:31):
Not.
Speaker 7 (25:32):
I'm not so. I moved to New York actually for college.
Speaker 8 (25:36):
And I think I think if you're not from New
York and you move here, you have an even greater
appreciation for.
Speaker 1 (25:42):
It, because where'd you grow up with you.
Speaker 7 (25:46):
Washington State?
Speaker 1 (25:47):
Okayve the other other side of the country.
Speaker 7 (25:50):
Yeah, yeah, with its own set of problems.
Speaker 1 (25:53):
Yes, yeah.
Speaker 2 (25:54):
Lydia moynihan, New York Post Financial Correspondence, So, Lydia, you know,
the Democratic Party doesn't seem to be coalesced around man Dami.
I mean, we've got car Bill out there saying it's
one of the worst things that could happen, a bunch
of prominent Dems or reportedly locked themselves in a room
trying to figure out what they're going to do about it,
(26:14):
so that he does not appear to have the support
of the Democratic Party.
Speaker 1 (26:19):
How do you see this playing out?
Speaker 8 (26:22):
Yeah, Fetterman called it kind of Christmas for Republicans. You know,
I think most normal people are looking at him and
thinking this is crazy, Like, why would we want readlines,
why would we want the kinds of policies that he's proposing.
Speaker 7 (26:39):
Long lifelong New.
Speaker 8 (26:41):
Yorker's lifelong Democrats are looking at him are pretty terrified.
And you know, it's interesting Barack Obama has not endorsed
him or said anything positive. You seem Bill Clinton actually
issued a statement, So it kind of feels like Chuck
Schumer did. You kind of feel like some of these
the older generations trying to seem cool and endorse him
right away. But other senators in New York, like Jilla Brand,
(27:02):
she hasn't said anything. So I think people are I'm
sure how to proceed because on the one hand, he
has so much enthusiasm behind him, the kind of enthusiasm
any politicians would want behind their candidacy. But on the
other hand, what do you think is not popular to
most of America. I don't want to jinx it, but
I don't think you could win a presidential campaign on this.
(27:22):
I think you can win a small subset of the
population and an ultra left city like New York City.
So I think from a macro level, people looking at
him are going to be terrified and terrified of the
direction that the Democratic Party is taking. And I just
hope that New York City is not the collateral damage.
I hope that we don't have to basically demonstrate to
the rest of the country. Why these policies are so problematic.
Speaker 1 (27:47):
Well, let's let's wargame this out Lydia, I want to
hand New York Post. Let's wargame this out.
Speaker 2 (27:52):
Let's say you've got Cuomo, You've got Eric Adams, and
you've got the assistant US Attorney whose name I can't
immediately call.
Speaker 1 (28:01):
But you got those three guys.
Speaker 2 (28:02):
They're all Democrats, but they're running is independent, so they're
likely if they're going to cost anybody votes, if they're
gonna if they're going to ross Perot, anybody they're going
to ross Perot, the the Democrat, Mandani, the avowed Democrat
on the on the ticket that leaves your Curtis Sliwa.
What what would you expect of a Curtis Sliwa mayoralty if.
Speaker 1 (28:25):
He were win by the fault?
Speaker 8 (28:27):
I don't I just don't think that that. I don't
think there's any universe in which he is elected. He
At this point, it does seem like Mamdani has more
not a majority, but has more of a plurality of
voters than than Sleiwa. And I think you would see
Republicans potentially voting for Adams or even Cuomala.
Speaker 1 (28:43):
Okay, so we get traditional.
Speaker 8 (28:45):
Analysis might not be accurate, but but should Sleewa be elected. Look,
he's launched something called the Guardian Angels where basically he
and others protected New York City. So that's that's my
number one issue as a voter when it comes to
the city. I want, I want to feel safe. I
want to be able to walk and not be worried
that I'm going to get mugged or attacks. That's that's
(29:09):
kind of when you think about Maslow's hierarchive needs, that's
kind of the basics. And so from that Van points,
while understands that safety is important, he's put himself on
the line and has been very clear that he wants
to support the NYPD and wants to make sure that
people who are protectors are empowered.
Speaker 7 (29:29):
So that's that's huge.
Speaker 8 (29:31):
And uh, he he's not a crazy person.
Speaker 7 (29:35):
You know.
Speaker 8 (29:35):
He doesn't want to send sixty five million dollars of
tax ceremony on transgender surgeries in New York.
Speaker 1 (29:40):
So he doesn't want he doesn't want city owned grocery stores.
Speaker 8 (29:44):
He doesn't he doesn't want city owned grocery store.
Speaker 2 (29:47):
You just imagine doing your shopping at a city owned
grocery store. The outstanding customer service you'd receive, and the
and the magnificent selection, and and they're immediate, they're immediately
jumping to respond to you if you if you were
unhappy with the with the quality of the.
Speaker 8 (30:03):
Produce, see all of the efficiency and the joy of
the DMV and the post office grocery store at the
ghost office.
Speaker 1 (30:11):
Yeah, at the grocery store.
Speaker 8 (30:13):
I I I love going to the GMB, so I
can only imagine how wonderful that would be to get
to go to a grocery store that's exactly like that.
I think that would be a very very unique experience. No,
but I mean, look for the people who are rich
who do stay, I think they're going to be okay there,
(30:36):
but that their private chef goes shopping for them at
the wait wait for hours and the breadlines. But it's
the working class people and that's those are the people
who did not put performed.
Speaker 7 (30:46):
Those are the people who are really going to get
hit hard by this.
Speaker 2 (30:50):
Well, it's a it's a young woman that I saw
going down the steps of the subway trying to get
her child's stroller down the steps.
Speaker 1 (30:56):
She'd obviously just picked the child up at.
Speaker 2 (30:58):
Daycare, she's working, she's you know, wearing the WREQUI was it,
you know, business attire and tennis shoes that.
Speaker 1 (31:05):
You know, women in New York wants to do the commute.
Speaker 2 (31:07):
And I see her, she's trying struggling to get the
stroller down the down the steps of the subway. She's
the one that pays the price, yep, yep, and she
gets hammered in in that that sort of a situation.
And you know, New York City is you know, is
a city that used to lock up criminals that now
locks up toothpaste.
Speaker 7 (31:27):
Yeah, that's exactly right.
Speaker 8 (31:29):
And I think, especially after what happened with Daniel Penny,
which was just a few months ago where hed it
kind of felt like, Okay, New Yorkers get it, we're
reasonable here. And yet Alvin Fragg was reelected are crazy
day and you know, Mom Donnie was elected, who represents
(31:52):
exactly what Daniel Penny sort of shot against. So I, I,
you know, partner and I had discussed would we stay here,
and I just I.
Speaker 7 (32:03):
Don't know the answer.
Speaker 8 (32:03):
I think it's it's a premature, and I think again,
there's it's not inevitable that Mom Donnie is elected. But
there's a very good chance and that's pretty terrifying, it is.
Speaker 2 (32:16):
And if he, if he is elected, certain things do
become inevitable, and one among them being a mass exodus
of people that have the means to do so, a
real hit to real estate prices in New York that
becomes inevitable.
Speaker 7 (32:30):
Real estate socks have yeah fall.
Speaker 2 (32:32):
Yeah, So there's some things, some things absolutely become inevitable
and inevitable if he does win the election. You know,
at least, you know, we can lydia. We can we
can comfort ourselves in saying that we live in interesting times, which,
by the way, may you live in interesting times. That
was not a that was not a blessing. It was
a curse. Oh yes, that phrase is a curse. And we, boy,
(32:54):
we do live in interesting times.
Speaker 8 (32:56):
One can only hope that this will galvanize everyone recognize
we need to step up. We need to protect the
city that we've created, our values. I mean, this is
the hub in the center of capitalism and.
Speaker 7 (33:10):
It is world.
Speaker 2 (33:11):
As an American, you know, I want to be proud
even though I'm a I'm a Texan, and we Texans
have our attitudes towards New Yorkers. But as an American,
I want to be proud of our number one city. Now,
I want to be proud of the biggest city in
the country. When I travel abroad, I want I want
New York to be someplace I can point to and say, yeah,
(33:31):
that's that's that is a really great American city.
Speaker 1 (33:35):
That's what I want.
Speaker 2 (33:37):
Lydia Morning Hand, New York Nation, New York, Absolutely New
York Post Financial correspondent.
Speaker 1 (33:42):
I really appreciate you taking the.
Speaker 8 (33:43):
Time, of course, it was so so wonderful, and I
appreciate you all the way in Texas taking interest in
our plight here in New York.
Speaker 2 (33:52):
All right, Lydia Morninghand of the New York Post. Have
a great weekend and great fourth of July. I hope
we get to do this again.
Speaker 7 (33:57):
Likewise, speak soon, all right.
Speaker 2 (33:59):
Paul Glaiser for Jimmy Fayler. Back to wrap it up
after this, Paul Glaisier for Jimmy Fayler. Here, wrapping it
up for you folks to live you fox across Americans.
If you live in Maine, Alaska, Missouri, North Carolina, Iowa, Kentucky, Wisconsin, Utah,
and Florida, at least one of your senators is standing
and leaning against or standing in firm opposition to the
(34:22):
Big Beautiful Bill. Get on the phone. The bill's not perfect.
There's things in it I don't like. I don't in
some places I think it goes too far. In many
more places I think it doesn't go far enough. But
right now as it sits, right now today, we have
a binary choice. Pass this bill or lose the Congress
(34:44):
in the midterms and lose the entirety of the Trump agenda.
So you got to decide what do you want. Do
you want perfect or you want good? It's a binary choice.
Speaker 1 (34:53):
Now.
Speaker 2 (34:53):
This thing has to pass, imperfect though it may be.
So get on the horn to Susan Collins and Lisa
Murkowski and Alaska, Josh Hally in Missouri, Tom tillis North Carolina,
Jony Erst and Iowa, Rand Paul in Kentucky. You're not
going to move him, Ron Johnson and Wisconsin, Mike Lee
in Utah, and Rick Scott in Florida. And make sure
(35:14):
those guys understand, those men and women understand that even
if it's not perfect, and even if they have very
legitimate objections to the Big Beautiful Bill, vote for it.
If it's if it's the big sort of good looking
bill or the big kind of homely bill, because it's
the bill we got and it has to pass if
(35:35):
the Republicans are going to stay in charge. Paul Gusher
for Jimmy Failly here wrapping up the week. Have had
a great time, Thanks for being part of the program.
Have a great weekend. God bless America and God bless you.
Speaker 1 (35:46):
This has been a podcast from wor
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.