Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Be careful today. It is going to be some possible
flooding out there. It's either feast or famine. We had
no rain and hot temperatures for three days, a mini
heat wave, and now we're going to get some torrential
rain in some areas. Some areas might get up the
five inches. So if you're in a flood area, an
area that normally floods, you might want to expect some
(00:21):
floodwaters today. There's a floodwatch on throughout the area in
the Big Three today. Well, the filthy rich Uganden Socialist
mayoral candidate zor And Mamdani. He came home in the
wake of tragedy after the tragedy, and he blessed Independent
candidate Andrew Cuomo for daring to criticize him for not
(00:42):
being in New York when the mass shooting occurred.
Speaker 2 (00:46):
For the former governor to have spent an entire day
speaking almost exclusively about me and barely about the New
Yorkers who have been killed is indicative of the very
pols New Yorkers want to leave in the penest.
Speaker 1 (01:02):
The first of the funerals for one of the four
killed in the Park Avenue mass shooting twenty seven year
old Julie Hyman from Rudent Management. She was the youngest
of the victims. At twenty seven, She graduated summa cum
laude from Cornell.
Speaker 3 (01:17):
You know that love is.
Speaker 4 (01:18):
A choice, and it's a choice you make obvious to
those you love every day during the hardest times of
my life.
Speaker 5 (01:26):
You've given this gift to me without question or hesitation, and.
Speaker 6 (01:31):
I love you for that.
Speaker 1 (01:32):
The funeral for a thirty six year old police officer
Didarrul Islam will be held at a mosque in Parkchester
in the park Chester section of the Bronx this morning.
After hitting the commuters with congestion pricing, the MTA now
wants more money a raid hike across the board. Listen
to this, trains, subways, buses, and yes, believe it or not,
(01:57):
even tolls and bridges.
Speaker 7 (01:59):
If you have pricing already implemented, what do you say
to someone who.
Speaker 3 (02:04):
Oh, I'd say that, like, we got to remember what
is really driving affordability issues in New York and it's
not transit. Transit is one of the few things that
makes New York affordable.
Speaker 8 (02:15):
Oh.
Speaker 1 (02:15):
I didn't answer the question there, did he? It's incredible
they just got all this money with congestion pricing, and
now they're going to raise tolls again, not even a
year later. Well, the Fed did exactly what was expected
and exactly what they've done for the less several meetings. Nothing.
It refused to budge on interest rates, even though the
(02:36):
economy is doing well, because the FED chair Jerome pal
says inflation is still too high. Really really, he didn't
feel that way a few months ago.
Speaker 9 (02:46):
When they had to jumbo ray cut fifty basis points
just before the election in September of twenty twenty four,
the inflation rate was three plus yep. Now it's in
the twos.
Speaker 1 (02:57):
Oh but the tariffs, Oh but the tariff, what they're
going to do? And well, they haven't done anything yet,
so I'm not sure what he's waiting for. The tsunami
wave came and hit the island of Hawaii, no major
damage and no loss of life.
Speaker 7 (03:11):
So far, we have not seen a wave of consequence,
which is a great relief to us.
Speaker 10 (03:15):
It's kind of a blessing to not be reporting any damage.
Speaker 1 (03:18):
But hours later, in Ventura County, California, it was a
different story. Oh no, Look, nine people had to be
taken to the hospital. When a rogue wave hit Pierpoint
Beach and washed away cars and damaged buildings, and tens
(03:42):
of thousands lined the streets in Birmingham, England to say
goodbye to Ozzy Osbourne. As the funeral possession made its
way to a private ceremony OZI was.
Speaker 5 (03:52):
Going one of the first albums I owned, Pleasant of OZ.
Speaker 11 (03:57):
Block.
Speaker 1 (03:58):
There was a large group of flowers and the mayor
was standing there, and the Osbourne family got out of
one of the hearsts and walked over, and Sharon Osbourne
obviously moved and they all thanked the crowd for being there. Now,
let's get to John Decker, wr White House and Washington Correspondent.
He's also host of the new podcast on the iHeartRadio app,
(04:21):
The White House Briefing Room with John Decker, and of
course he joins us every Tuesday and thirty Thursday at
this very time. Hey, John, were you a big Ozzy
Osbourne fan?
Speaker 11 (04:33):
I was a big fan of certain songs that Ozzy
Osbourne did. And it's a great loss. I mean, he
really was a legend. He was inducted twice into the
Rock and Roll Hall of Fame. I mean that tells
you everything, right, there and what a turnout for him
to send off for him in Birmingham, England yesterday.
Speaker 1 (04:52):
Yeah, once with Black Sabbath and then once as a
solo artist. And I will tell you what, I'm exactly
the same way you A. I think a lot of
people are exactly that way. You know, Like when I
was looking through the songs, I thought, oh, I know
that one, I know that one, I know that one,
I know that one.
Speaker 11 (05:09):
So exactly.
Speaker 1 (05:10):
Yeah, it is amazing the catalog school of songs. He
had a lot of people say he was the founder
of heavy Metals. So you're right, it is a big loss,
a big loss for Donald Trump yesterday. I guess it
was expected, but everybody was kind of hopeful that interest
rates were going to come down, that the Fed was
going to lower them. Man is Jerome Powas stubborn man.
Speaker 11 (05:32):
Yeah, you know. The President spoke literally just moments before
that decision by the Fed came out. He was speaking
in the Roosevelt Room. He seemed resigned to the fact
that the Fed was not going to lower interest rates.
But interestingly enough, Larry, there were two descents. Two of
those voting on the Federal Open Market Committee wanted to
(05:53):
lower rates immediately, so you don't see that that often
two descents. In fact, the last time that happened nineteen ten,
ninety three when Alan Greenspan was Chairman of the Federal Reserve.
So there seems to be a little bit of tension
right now, potentially in the Federal Reserve. The group of folks,
the twelve folks that vote on whether to raise lower
(06:17):
interest rates or keep them unchanged.
Speaker 1 (06:19):
What really hurt the fan yesterday and Jerome Palell is
it the same day. I'm sure they had already made
their decision, but then the GDP comes out and it
was expected to be right two point five and jump
to three sump jump to three, So it made him
look even worse.
Speaker 11 (06:34):
Yeah, No, that's right, a very strong report. And that's
after that's for the second quarter, and for Q one
the economy actually contracted half a percentage point, So big
jump in quarter number two. We'll see obviously if it's
an aberration or this is an indication that the economy
is really strong for the second half.
Speaker 1 (06:55):
Of this year. Let's talk about the tariffs. I was
taken by the fact that I heard Howard Lutton say
this that when they were in Scotland. South Korea wanted
to make a deal so much that they actually flew
a team of people to Scotland to talk about it
so they could get a deal before tomorrow before the deadline.
(07:18):
Is that deal are you hearing it? Is that deal
going to happen?
Speaker 3 (07:21):
Yeah?
Speaker 11 (07:22):
That deal is going to happen. And the President putting
out that announcement last night. It will be a fifteen
percent tariff rate on goods coming from South Korea, no
tariff right on US goods. There's a trade deficit that
the US has with South Korea. I always thought that
this one would get done before that August first deadline.
And I think that the big ones that have not
(07:42):
yet been completed really are our neighbors to are North
and South Canada and Mexico. No deal yet with either
of those countries.
Speaker 1 (07:50):
Yeah, that is odd, isn't it. They were the first
ones right out of the box that he took on,
and he's been really stubborn about it. But in fairness
to him, even though he started this whole thing. In
fairness to him, Canada and Mexico has been stubborn too,
And I think all three of the leaders thinks it
helps them politically to be strong on this. Do you
(08:13):
think you feel the same.
Speaker 11 (08:14):
Way, Oh, I think that domestic political considerations absolutely, Larry
play a part in the fact that we have not
yet seen a deal between Mexico and Canada. It's one
of the reasons why Brazil did not cave, even though
they're going to now be hit with fifty percent tariffs
starting tomorrow. That is pretty big tariff rate that the
(08:36):
President's imposing on Brazil, and a lot of it has
to do with personal politics. The president does not like
the leader of Brazil, does not like the fact that
the former president of Brazil, Bolsonaro, is being prosecuted, and
he's using his power of the tariffs to try to
(08:56):
impose his will on the Brazilian government. But to no Eva,
they say, you know, we're well and fine, all good
with paying the fifty percent rate, but that is a
huge rate. It's gonna obviously be passed along to consumers
here in the US in terms of coffee prices, in
terms of sugar. Those are two commodities that come from
(09:17):
Brazil in large quantities.
Speaker 1 (09:20):
John Decker, W L. R. White House and Washington Correspondent,
host of the new podcast The White House briefing room
with John Decker, which could be found in the iHeartRadio app. John,
of course is with us every Tuesday and Thursday at
this very time. Hey John, thanks so much, good to
talk to you.
Speaker 11 (09:38):
Thanks so much, Larry, have a great day.
Speaker 1 (09:39):
Bye bye you too. Yeah, it is surprising about these tariffs.
We got one in. There is this rumor out there
that there's a couple of more that may fit in
before the deadline, mostly in Southeast Asia. So I know
the one with India has been set in, but when
(10:01):
you look at it, of the top ten countries, we
have most of them, especially with China just about to
be done. So he came through. He came through like
you said he was going to. Well, we just talked
about this a second ago. A massive crowd in Birmingham,
England to say a final goodbye to the local lad
who became a legend one of the founders of heavy metal.
(10:24):
Ozzy Osbourne will talk about him and it next. Plus
tickets to the off Broadway show Rolling Thunder Stay with
Us and our iHeartRadio Music Festival is back September nineteenth
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(10:45):
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(11:08):
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Speaker 6 (11:22):
Good morning guys. With the latest polls showing Mamdani with
a substantial lead over every other candidate combined, you have
to wonder with a city council that resembles a Soviet
politbureau more than it represents the people of this city.
(11:43):
Who's gonna stop them? What impediment will be in his way? Anyhow? Oh,
today's better.
Speaker 1 (11:51):
It's gonna be de Blasio again, but worse. You're right,
You're right, everybody the crazies are gonna be running the city.
They already are running the city, but at least we
used to have some moderate governors and some moderate mayors
that would try to stop them. But now they get
to just run wild.
Speaker 12 (12:12):
I just keep thinking, if he does win and our
buddy Vicky Palladino is still in the council, we might.
Speaker 5 (12:23):
Need help for her. But I don't know if she's
gonna be able to take this.
Speaker 1 (12:26):
No, you mean on our air, because this thing is
in city council. Nobody pays attention to the Republicans on
city council. Do you ever notice that?
Speaker 11 (12:34):
No?
Speaker 5 (12:34):
I know, but I'm saying she'll just she'll lose it.
Speaker 1 (12:38):
On here, oh everywhere? You mean at home?
Speaker 10 (12:41):
Yes, in life for her poor husband, Larry, you hit
on the head when you said, no economist understands this.
They're good at telling you what happened when it already happens,
but they're not good at predicting anything because they make
their decisions based on politics and emotion. When you're making
any decision based on emotion instead of reason, you end
(13:02):
up looking like a fool and an idiot.
Speaker 1 (13:04):
Case quos.
Speaker 10 (13:05):
As far as I'm concerned.
Speaker 1 (13:06):
Yeah, if you look at all the past decisions that
Jerome pal and that board has made, what the FED
has made, if you put them all together, you line
them up, and you look at all the economic factors
in every one of them, they make no sense unless
you throw in politics. When you throw in politics, which
(13:27):
they're not supposed to think of at all. When you
throw in politics, then they make a little bit of sense.
You heard Larry Kudlow a second ago say, remember they
talked about inflation is nagging right now? Inflation's nagging. You know,
it's like two and a half percent. That's pretty low.
That's lower than it was the last time they cut
interest rates by a half point by fifty point five
(13:51):
zero percent, and that was right before the election. Inflation
was over three and they cut it then. But now
they're saying, oh no, no, it's naggingly high right now.
Now there's the politics plays into it. And that's why
some members of the FED are upset about this because
(14:12):
obviously interest rates should have been dropped. And this is
all about the feud between Jerome Powell and Donald Trump,
and I wish he would have fired him. Let's calm
down a little bit and go to Birmingham, England. Man,
was it a scene there. I don't know if you
saw any of the video or any of the pictures,
but it was amazing. The town was packed with people
(14:38):
all waiting for the funeral procession to go by, and
there was the mayor with a present for Sharon Osbourne
in case she got out and came over. And the
flowers that were piled altogether it was immense. And she
saw that and she got out and everybody in the
crowd started chanting Ozzy and Sharon Osbourne was obviously touched.
(15:10):
She was crying. And there was a band there. There
was a brass band there and well, you don't have
to even imagine it, I'll play it for you. They
were playing crazy Train Pinky and you put up your
thumb and they were putting it up and showing it
to the family, and the family right before they got
into their cars, they all lined up him and his
agent and some of his close friends and the rest
(15:32):
of the family all did it back to the crowd.
It was. It was extremely moving. Now let's get the
news at seven point thirty with Jacqueline Carl Jacqueline, Good Morning.
Speaker 4 (15:41):
The gunman who killed four people at a Manhattan office
building on Monday, bought the weapon from a supervisor. Shane Tamora,
a twenty seven year old with a history of mental illness,
was reportedly sold the M four rifle by a supervisor
of his at the Las Vegas casino he worked at
for fourteen hundred dollars. Side note found on Tamora express
(16:02):
hostility toward the NFL. And one person has died and
nearly two dozen are sickened by Legionnaire's disease in Upper Manhattan.
Speaker 13 (16:11):
New York City Health officials say the disease was initially
detected on Friday, July twenty fifth, and the cluster of
patients who came down with legionneers is from five ZIP
codes in Central Harlem. Legionneers is a type of pneumonia
caused by the Legionella bacteria, and it grows in warm water.
So howth officials say all of the area's cooling towers
(16:31):
have been sampled. Anyone living or working in the area
who is experiencing flu like symptoms is encouraged to contact
their doctor. Natalie Migliori wr News.
Speaker 4 (16:42):
All right, so, Natalie Larry, this is some very good
news for us. According to lad Bible, a new study
has some bad news for those who make it a
habit of going to bed after midnight.
Speaker 5 (16:53):
I never see midnight.
Speaker 4 (16:54):
Researchers from Peking University and Army Medical University recently tracked
the sleeping habits of get this.
Speaker 5 (17:01):
More than eighty eight thousand adults to assess links between
poor sleep choices and disease risk.
Speaker 4 (17:08):
One of the things that study revealed is that participants
who went to bed after twelve thirty in the morning
had more than a two and a half times greater
risk of developing cirrhosis of the liver. But then they
started to wonder if that could imply that those same
people were staying up late because they were drinking, because
that seemed weird to me, like you just go to
(17:28):
bed after midnight and that affects your liver in that
way orhosis like the thing like associated with drinking. So
then they're like, well, maybe these people are staying up
late because they're out at the pub.
Speaker 5 (17:38):
Who knows, but we don't have to worry about that.
Speaker 1 (17:41):
It does crack me up when they do these studies,
and then they add something at the bottom where you
go that's it of course, that's it.
Speaker 5 (17:48):
Here's an asterisk.
Speaker 12 (17:50):
So what about every person under you know twenty who
stays up that lake?
Speaker 5 (17:56):
Exactly? Your kids?
Speaker 12 (17:57):
Does anybody go to sleep orform midnight in your house?
Speaker 5 (18:00):
Not mine now, binge watching TV, playing video games? But
that I don't think lesis roses.
Speaker 1 (18:07):
I'll not.
Speaker 5 (18:10):
So we just have to take every little study with
a grain of salt.
Speaker 1 (18:13):
Yes, thanks so much. Let's say as an asterisk. Thanks
so much, Jacqueline Carl. Congratulations to Florence R Now from
Forest Hill, Queens. She just won a pair of tickets
to see the Rolling Stone Rolling Thunder, the electrifying rock
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(18:34):
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It got a standing ovation. It is very moving and
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It's off Broadway in New York City right now at
the New World Stages. Tickets on sale at telecharge dot Com.
You get another chance to win tomorrow at seven twenty five. Plus.
(18:56):
Coming up, we have tickets to the Outlaw Music Festival
at eight twenty five. ABC News Crime and Terrorism analyst
Brad Garrett examines the unanswered questions from the Park Avenue shooting.
Was the shooter mentally ill? How did he get his
weapon then? And could this have been stopped? Brad is
(19:18):
answer those questions coming up next. We all remember that
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Speaker 8 (20:11):
I'm Bernie Butter do War traffic. Starting things off at
the Garden State Parkway North thoumb passing by the P
and C Bank Arts Center, Exit one, p. Sixteen, there's
a crash along the right side roadway on the northbound
Parkway if you're heading.
Speaker 1 (20:23):
Police Officer Diderrule. Islam will be buried today in the Bronx.
And in the wake of that shooting, there are still
so many unanswered questions. There are so many questions, especially
about the shooter, Shane Tamora, that came all the way
here from Las Vegas to try to kill someone at
(20:44):
the NFL and then he got in the wrong elevators. Luckily,
we have Brad Garrett, ABC News Crime and Terrorism analyst
UH who is stationed in Washington, to answer some of
those questions. Brad, thank you so much for being here
this morning.
Speaker 14 (20:58):
Good morning, Good morning, Ark.
Speaker 1 (21:00):
Listen. Let's let's start with some of these questions. He
claimed in a suicide note that he had CTE, the
degenerative mental disorder. Does he Is there any proof of that?
Speaker 14 (21:13):
Not that we know of now. It's been reported that
there were two seventy two hour commitments, I assume in
someplace around Las Vegas. We don't know what those are about.
Are the reference to which you just described from having
brain injury which would then maybe lead to some pretty
(21:34):
erratic slash violenth, harming oneself behavior. We don't know any
of that. It's all we know is what he said.
And you know, it's interesting, Larry, that even if we
knew what he was committed for, it wouldn't have stopped
him from buying an M four. First of all, he
(21:56):
buys it privately, so that if you and I lived
in Nevada and you legally had purchased at him for
and say, Brad, you know I want to sell this
to you, and I say yes, and I pay you X,
that's perfectly legal, So there would be no paperwork about
the exchange of that weapon. And because he's never been
adjudicated by a judge as mentally ill, which is how
(22:18):
records would get to the state police when they do
background checks, but again they wouldn't have done one in
this case, so even if it was in there, this
sale would have still gone on. So the very short
answer is you couldn't have stopped him from doing what
he was doing unless we had advanced intel.
Speaker 1 (22:37):
So what could have stopped him? Was the building safe enough?
Or does this call him to questions the safety of
office buildings?
Speaker 14 (22:45):
Well, I think let's be clear, you're in a city
of huge office buildings, a lot of them, and the
people who pay rent their pay a lot of rents.
You know these are high end you know, the NFL,
et cetera. Types of agencies, companies, et cetera. And do
they all these buildings by and large have some security answers? Yes,
(23:09):
But Larry, I don't know how you can unless you
want to make it look much more like going into
a prison with bulletproof glass and you know, safe rooms
that you've got to walk into. Then then you're let
into the building after your search, et cetera. You know,
that changes the whole sort of atmosphere of a building.
(23:30):
But you have somebody who's Num. Four that walks into
the building, Now you know, how did he make it
into building? It's just lucky that he did that an
NYP officer or a federal agent or somebody armed sees
him and confronts him. He may not have gotten into building,
but let's face it, if you're willing to die to
do whatever you believe is the right thing to do,
(23:51):
then what do you care. You know, he double parks
in front, steps out of his vehicle and walks in,
and then he immediately starts spraying bullets nowecurity. On the
other side, maybe some of them were armed. Obviously the
officer that's deceased would have been armed. But did he
even have a chance to pull his weapon? My guess
is the answer is no. We'll have to see. But
(24:11):
even if he did and him four against the handgun
is not going to get you very far unless you
can get off shots in advance. So could security have
stopped him? My guess is based on how he entered
immediately started shooting. The answers no, So, as I mentioned,
you'd have to dramatically change what that building looks.
Speaker 1 (24:32):
Right, right, He is the scariest type of assailant, isn't he.
He was on nobody's radar. He came out of nowhere.
He didn't have a record. Even the mental health stuff
was not public, right.
Speaker 14 (24:44):
I Mean, this is another example of It's like how
many mass shootings have we talked about where kids get
into a school and an adult gets into a business
where you just got fired and they start killing people.
I mean, you just can't defend against that unless you
know about it. I Mean, we get into a big
debate about too many firearms, and that's all true, but
(25:08):
it doesn't matter because we do have all those firearms.
So you have to work with what you have, and
what you have is a system that you can't fill
and plug every hole around people that could potentially do
sadly what this guy did in your city.
Speaker 1 (25:25):
Brad Garrett, ABC News Crime and terrorism analyst in Washington. Brad,
thanks so much for joining us this morning.
Speaker 14 (25:32):
You're welcome. Take care, Larry.
Speaker 1 (25:33):
Yeah, that is scary, isn't it. That is the most
frightening type of assailant, the one that nobody knows about.
So there's no records of him being a threat, there's
no mental health records of being a threat, there's no
police record for him, he's never been arrested, and so
he was easily able to get a gun and now
(25:53):
he's able to travel across the country and commit this crime,
and everybody has to start from there and work back
to figure out who he is and why he did it.
Speaker 12 (26:02):
And I think what he said that, you know, kind
of got me the most is that he was willing
to die. So if you're willing to die for it,
there's not much that would stop you.
Speaker 1 (26:14):
Yeah, he wasn't only willing to die. He knew he
was going to die. He was on a suicide mission.
And so somebody that's on a suicide mission, they don't
care if you shoot them, not at all. I don't
care if you kill them, And so it makes that
that much more frightening. I just wonder if there was
anybody in his life that saw anything, that knew anything.
(26:37):
But you know what's amazing in all of this. Now,
you know there are reporters across the country. There's reporters
in Los Angeles that found always old coaches. There's reporters
in Las Vegas that are trying to find friends and
people that worked with them. Have you seen any family?
Have you seen anybody at all on television? No. He
didn't have really anyone else in his life. And I
(27:00):
think that's part of the mental illness in this country.
Part of the mental illness in this country are people
that are just alone, people that don't have anyone in
their lives. Now, one can cause the other, I understand that.
But you know, no wife, no girlfriend, very few friends
that we were able to find except the ones that
were supplying him guns, no family that came forward to
(27:24):
speak for him. The only people that came out to
speak for him are the coaches, and I felt so
strongly about the one coach that came out and said,
what could I have done? He internalized it and said,
I wish I would have reached out to him. I
wish I would have talked to him. Maybe I could
have prevented this because he was a good kid. He
(27:44):
was a great kid. Look, we're gonna be talking about
this for months because there's so much of a mystery here.
Coming up next is a sharp decline in birth rates
affecting the housing market. W OUR correspondent Rory O'Neil has
some surprising research well. Next, and now let's talk about
(28:07):
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(28:28):
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(28:52):
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(29:15):
eight hundred five two two eight eight sixty three. That's
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visit them online at ccrane dot com. That's c c
R A n E dot com. Well, thanks so much
for your talkbacks today. We always appreciate them, even when
(29:35):
you disagree with me.
Speaker 15 (29:37):
Lari, with all due respect, you and Trump are economic
illiterates when it comes to fedpolicy. The only thing the
Fed should be doing is controlling the money supply, which
is quite modest right now. There's no reason be trying
to micromanage interest rates and paying off interest on the
debt with cheap money. Cheap money never works.
Speaker 1 (30:00):
I love that people believe that when they say with
all due respect, they can say anything afterwards. Hey, Larry,
with all due respect, you're a complete idiot. Hey Larry,
with all due respects bow. Oh you don't know what
you're talking about. Well, listen, if that is true what
you just said, it is surprising the two members of
(30:21):
the Fed were so upset with the decision. First time
there has been that kind of revolt in the FED
in thirty years. And listen, what actually thirty five years?
And listen, that was really well said. And I guess
it seems to make sense. So why didn't Jerome Palce
say that. I listened to his whole statement. He never
(30:44):
mentioned that he did mention inflation, which is low. He
did mention investment in the country, which is high. He
did mention Now give him credit. He said all this
stuff was true. Everything that he's used in the past
to raise interest rates he said in the opposite, And
yet he didn't lower interest rates. You can't tell me
(31:07):
this isn't political, because in the past, with these exact
same economic factors, he's lowered interest rates, sometimes as much
of it as a half percent so I respect your opinion,
but with all due respect, I think you're completely wrong
(31:27):
and you don't know what you're talking about. How about that?
All right? Now, let's get to Rory O'Neil, because I
love this story you're covering today because I did not
see this coming at all, and I guess I should
if you think it out, I guess intellectually it does
make some sense. But the story is how birth rates
affect the housing market. Play this out for us, tell
(31:49):
us how this works.
Speaker 2 (31:50):
Right.
Speaker 7 (31:50):
Maybe it's the other way around, Maybe it's a chicken
and egg scenario. But what we're seeing is in the
American cities where we've seen the biggest spike in either
rent prices or in home prices, that's where we're also
measuring the biggest decline in birth rates. Couples are just
not able to make ends meet or don't have the
extra that they need as they look at one another
(32:12):
and say, oh, I don't know if we can have
another mouth at the table these days, and that's really
forcing them now to this decision of not having either
one or more children.
Speaker 1 (32:23):
That is fascinating. I didn't see that coming. I thought
when you talked about birth rates it was birth rates
from years ago and how it affects the market now
because there's so many people and all the prices go up.
But that is fascinating, So it has the exact it'll
have the exact opposite effect if we have less people
now because people are not having kids because they're unaffordable
(32:46):
and they don't feel like they can have another mouth
defeat as you said, that could affect That could affect
housing rates and just about everything for years.
Speaker 7 (32:56):
To come, well, right, and it affects social security because
it's that fresh money that they pay in now that
we will rely on in our retirement. So you'll and
again it's because of America's immigration that we don't have
a declining population and that's really changing the dynamics. But
you know, look, couples are different today. We don't have
(33:18):
a lot of families with four or five six kids
like we used to have, so things are changing. And
in addition to the housing costs, don't forget the cost
of childcare, which is a big factor because most cases
these days, both parents are working and they need that childcare.
And that's another massive expense that makes people reluctant to
have kids.
Speaker 1 (33:38):
Yeah, it's a legitimate concern, and it makes so much sense.
I know that there are people that make those kind
of decisions based on if they can afford it or not,
so it makes complete sense. Rory O'Neil wr national correspondence
with us every day at this time. Thanks so much, Rory,
good to talk to you again. With all due respect, Larry,
you too. I love that we have to do with
(34:05):
all due respect right throughout the day. Zorin Mom. Donnie,
by the way, with all due respect, he's an idiot too,
accuses Andre Andrew Cuomo. Andre. I'm calling him Andre the
Giant Andrew Cuomo of using the mass shooting for a
political attack. We'll talk about it after the eight o'clock
news
Be careful today. It is going to be some possible
flooding out there. It's either feast or famine. We had
no rain and hot temperatures for three days, a mini
heat wave, and now we're going to get some torrential
rain in some areas. Some areas might get up the
five inches. So if you're in a flood area, an
area that normally floods, you might want to expect some
(00:21):
floodwaters today. There's a floodwatch on throughout the area in
the Big Three today. Well, the filthy rich Uganden Socialist
mayoral candidate zor And Mamdani. He came home in the
wake of tragedy after the tragedy, and he blessed Independent
candidate Andrew Cuomo for daring to criticize him for not
(00:42):
being in New York when the mass shooting occurred.
Speaker 2 (00:46):
For the former governor to have spent an entire day
speaking almost exclusively about me and barely about the New
Yorkers who have been killed is indicative of the very
pols New Yorkers want to leave in the penest.
Speaker 1 (01:02):
The first of the funerals for one of the four
killed in the Park Avenue mass shooting twenty seven year
old Julie Hyman from Rudent Management. She was the youngest
of the victims. At twenty seven, She graduated summa cum
laude from Cornell.
Speaker 3 (01:17):
You know that love is.
Speaker 4 (01:18):
A choice, and it's a choice you make obvious to
those you love every day during the hardest times of
my life.
Speaker 5 (01:26):
You've given this gift to me without question or hesitation, and.
Speaker 6 (01:31):
I love you for that.
Speaker 1 (01:32):
The funeral for a thirty six year old police officer
Didarrul Islam will be held at a mosque in Parkchester
in the park Chester section of the Bronx this morning.
After hitting the commuters with congestion pricing, the MTA now
wants more money a raid hike across the board. Listen
to this, trains, subways, buses, and yes, believe it or not,
(01:57):
even tolls and bridges.
Speaker 7 (01:59):
If you have pricing already implemented, what do you say
to someone who.
Speaker 3 (02:04):
Oh, I'd say that, like, we got to remember what
is really driving affordability issues in New York and it's
not transit. Transit is one of the few things that
makes New York affordable.
Speaker 8 (02:15):
Oh.
Speaker 1 (02:15):
I didn't answer the question there, did he? It's incredible
they just got all this money with congestion pricing, and
now they're going to raise tolls again, not even a
year later. Well, the Fed did exactly what was expected
and exactly what they've done for the less several meetings. Nothing.
It refused to budge on interest rates, even though the
(02:36):
economy is doing well, because the FED chair Jerome pal
says inflation is still too high. Really really, he didn't
feel that way a few months ago.
Speaker 9 (02:46):
When they had to jumbo ray cut fifty basis points
just before the election in September of twenty twenty four,
the inflation rate was three plus yep. Now it's in
the twos.
Speaker 1 (02:57):
Oh but the tariffs, Oh but the tariff, what they're
going to do? And well, they haven't done anything yet,
so I'm not sure what he's waiting for. The tsunami
wave came and hit the island of Hawaii, no major
damage and no loss of life.
Speaker 7 (03:11):
So far, we have not seen a wave of consequence,
which is a great relief to us.
Speaker 10 (03:15):
It's kind of a blessing to not be reporting any damage.
Speaker 1 (03:18):
But hours later, in Ventura County, California, it was a
different story. Oh no, Look, nine people had to be
taken to the hospital. When a rogue wave hit Pierpoint
Beach and washed away cars and damaged buildings, and tens
(03:42):
of thousands lined the streets in Birmingham, England to say
goodbye to Ozzy Osbourne. As the funeral possession made its
way to a private ceremony OZI was.
Speaker 5 (03:52):
Going one of the first albums I owned, Pleasant of OZ.
Speaker 11 (03:57):
Block.
Speaker 1 (03:58):
There was a large group of flowers and the mayor
was standing there, and the Osbourne family got out of
one of the hearsts and walked over, and Sharon Osbourne
obviously moved and they all thanked the crowd for being there. Now,
let's get to John Decker, wr White House and Washington Correspondent.
He's also host of the new podcast on the iHeartRadio app,
(04:21):
The White House Briefing Room with John Decker, and of
course he joins us every Tuesday and thirty Thursday at
this very time. Hey, John, were you a big Ozzy
Osbourne fan?
Speaker 11 (04:33):
I was a big fan of certain songs that Ozzy
Osbourne did. And it's a great loss. I mean, he
really was a legend. He was inducted twice into the
Rock and Roll Hall of Fame. I mean that tells
you everything, right, there and what a turnout for him
to send off for him in Birmingham, England yesterday.
Speaker 1 (04:52):
Yeah, once with Black Sabbath and then once as a
solo artist. And I will tell you what, I'm exactly
the same way you A. I think a lot of
people are exactly that way. You know, Like when I
was looking through the songs, I thought, oh, I know
that one, I know that one, I know that one,
I know that one.
Speaker 11 (05:09):
So exactly.
Speaker 1 (05:10):
Yeah, it is amazing the catalog school of songs. He
had a lot of people say he was the founder
of heavy Metals. So you're right, it is a big loss,
a big loss for Donald Trump yesterday. I guess it
was expected, but everybody was kind of hopeful that interest
rates were going to come down, that the Fed was
going to lower them. Man is Jerome Powas stubborn man.
Speaker 11 (05:32):
Yeah, you know. The President spoke literally just moments before
that decision by the Fed came out. He was speaking
in the Roosevelt Room. He seemed resigned to the fact
that the Fed was not going to lower interest rates.
But interestingly enough, Larry, there were two descents. Two of
those voting on the Federal Open Market Committee wanted to
(05:53):
lower rates immediately, so you don't see that that often
two descents. In fact, the last time that happened nineteen ten,
ninety three when Alan Greenspan was Chairman of the Federal Reserve.
So there seems to be a little bit of tension
right now, potentially in the Federal Reserve. The group of folks,
the twelve folks that vote on whether to raise lower
(06:17):
interest rates or keep them unchanged.
Speaker 1 (06:19):
What really hurt the fan yesterday and Jerome Palell is
it the same day. I'm sure they had already made
their decision, but then the GDP comes out and it
was expected to be right two point five and jump
to three sump jump to three, So it made him
look even worse.
Speaker 11 (06:34):
Yeah, No, that's right, a very strong report. And that's
after that's for the second quarter, and for Q one
the economy actually contracted half a percentage point, So big
jump in quarter number two. We'll see obviously if it's
an aberration or this is an indication that the economy
is really strong for the second half.
Speaker 1 (06:55):
Of this year. Let's talk about the tariffs. I was
taken by the fact that I heard Howard Lutton say
this that when they were in Scotland. South Korea wanted
to make a deal so much that they actually flew
a team of people to Scotland to talk about it
so they could get a deal before tomorrow before the deadline.
(07:18):
Is that deal are you hearing it? Is that deal
going to happen?
Speaker 3 (07:21):
Yeah?
Speaker 11 (07:22):
That deal is going to happen. And the President putting
out that announcement last night. It will be a fifteen
percent tariff rate on goods coming from South Korea, no
tariff right on US goods. There's a trade deficit that
the US has with South Korea. I always thought that
this one would get done before that August first deadline.
And I think that the big ones that have not
(07:42):
yet been completed really are our neighbors to are North
and South Canada and Mexico. No deal yet with either
of those countries.
Speaker 1 (07:50):
Yeah, that is odd, isn't it. They were the first
ones right out of the box that he took on,
and he's been really stubborn about it. But in fairness
to him, even though he started this whole thing. In
fairness to him, Canada and Mexico has been stubborn too,
And I think all three of the leaders thinks it
helps them politically to be strong on this. Do you
(08:13):
think you feel the same.
Speaker 11 (08:14):
Way, Oh, I think that domestic political considerations absolutely, Larry
play a part in the fact that we have not
yet seen a deal between Mexico and Canada. It's one
of the reasons why Brazil did not cave, even though
they're going to now be hit with fifty percent tariffs
starting tomorrow. That is pretty big tariff rate that the
(08:36):
President's imposing on Brazil, and a lot of it has
to do with personal politics. The president does not like
the leader of Brazil, does not like the fact that
the former president of Brazil, Bolsonaro, is being prosecuted, and
he's using his power of the tariffs to try to
(08:56):
impose his will on the Brazilian government. But to no Eva,
they say, you know, we're well and fine, all good
with paying the fifty percent rate, but that is a
huge rate. It's gonna obviously be passed along to consumers
here in the US in terms of coffee prices, in
terms of sugar. Those are two commodities that come from
(09:17):
Brazil in large quantities.
Speaker 1 (09:20):
John Decker, W L. R. White House and Washington Correspondent,
host of the new podcast The White House briefing room
with John Decker, which could be found in the iHeartRadio app. John,
of course is with us every Tuesday and Thursday at
this very time. Hey John, thanks so much, good to
talk to you.
Speaker 11 (09:38):
Thanks so much, Larry, have a great day.
Speaker 1 (09:39):
Bye bye you too. Yeah, it is surprising about these tariffs.
We got one in. There is this rumor out there
that there's a couple of more that may fit in
before the deadline, mostly in Southeast Asia. So I know
the one with India has been set in, but when
(10:01):
you look at it, of the top ten countries, we
have most of them, especially with China just about to
be done. So he came through. He came through like
you said he was going to. Well, we just talked
about this a second ago. A massive crowd in Birmingham,
England to say a final goodbye to the local lad
who became a legend one of the founders of heavy metal.
(10:24):
Ozzy Osbourne will talk about him and it next. Plus
tickets to the off Broadway show Rolling Thunder Stay with
Us and our iHeartRadio Music Festival is back September nineteenth
and twentieth at T Mobile Arena in Las Vegas. Two nights,
one stage live performances by Brian Adams, John Fogerty, Sammy Hagar,
(10:45):
Ed Sheer and Maroon five, Mariah Carey and Moore. But
while the world is listening on iHeartRadio, you could be there.
Listen for three chances every weekday to win tickets plus
fare plus the hotel and you get a thousand dollars
in cash. Your first chance to win is Monday at
(11:08):
nine a m. Well, thanks so much for your talkbacks.
If you win talk Back of the Morning, you get
a Mine in the Morning t shirt. If you win
talk Back of the Week, but first you have to
win talk Back in the Morning to be in the
running for Talkback of the Week, then you get a
Sea Crane Radio.
Speaker 6 (11:22):
Good morning guys. With the latest polls showing Mamdani with
a substantial lead over every other candidate combined, you have
to wonder with a city council that resembles a Soviet
politbureau more than it represents the people of this city.
(11:43):
Who's gonna stop them? What impediment will be in his way? Anyhow? Oh,
today's better.
Speaker 1 (11:51):
It's gonna be de Blasio again, but worse. You're right,
You're right, everybody the crazies are gonna be running the city.
They already are running the city, but at least we
used to have some moderate governors and some moderate mayors
that would try to stop them. But now they get
to just run wild.
Speaker 12 (12:12):
I just keep thinking, if he does win and our
buddy Vicky Palladino is still in the council, we might.
Speaker 5 (12:23):
Need help for her. But I don't know if she's
gonna be able to take this.
Speaker 1 (12:26):
No, you mean on our air, because this thing is
in city council. Nobody pays attention to the Republicans on
city council. Do you ever notice that?
Speaker 11 (12:34):
No?
Speaker 5 (12:34):
I know, but I'm saying she'll just she'll lose it.
Speaker 1 (12:38):
On here, oh everywhere? You mean at home?
Speaker 10 (12:41):
Yes, in life for her poor husband, Larry, you hit
on the head when you said, no economist understands this.
They're good at telling you what happened when it already happens,
but they're not good at predicting anything because they make
their decisions based on politics and emotion. When you're making
any decision based on emotion instead of reason, you end
(13:02):
up looking like a fool and an idiot.
Speaker 1 (13:04):
Case quos.
Speaker 10 (13:05):
As far as I'm concerned.
Speaker 1 (13:06):
Yeah, if you look at all the past decisions that
Jerome pal and that board has made, what the FED
has made, if you put them all together, you line
them up, and you look at all the economic factors
in every one of them, they make no sense unless
you throw in politics. When you throw in politics, which
(13:27):
they're not supposed to think of at all. When you
throw in politics, then they make a little bit of sense.
You heard Larry Kudlow a second ago say, remember they
talked about inflation is nagging right now? Inflation's nagging. You know,
it's like two and a half percent. That's pretty low.
That's lower than it was the last time they cut
interest rates by a half point by fifty point five
(13:51):
zero percent, and that was right before the election. Inflation
was over three and they cut it then. But now
they're saying, oh no, no, it's naggingly high right now.
Now there's the politics plays into it. And that's why
some members of the FED are upset about this because
(14:12):
obviously interest rates should have been dropped. And this is
all about the feud between Jerome Powell and Donald Trump,
and I wish he would have fired him. Let's calm
down a little bit and go to Birmingham, England. Man,
was it a scene there. I don't know if you
saw any of the video or any of the pictures,
but it was amazing. The town was packed with people
(14:38):
all waiting for the funeral procession to go by, and
there was the mayor with a present for Sharon Osbourne
in case she got out and came over. And the
flowers that were piled altogether it was immense. And she
saw that and she got out and everybody in the
crowd started chanting Ozzy and Sharon Osbourne was obviously touched.
(15:10):
She was crying. And there was a band there. There
was a brass band there and well, you don't have
to even imagine it, I'll play it for you. They
were playing crazy Train Pinky and you put up your
thumb and they were putting it up and showing it
to the family, and the family right before they got
into their cars, they all lined up him and his
agent and some of his close friends and the rest
(15:32):
of the family all did it back to the crowd.
It was. It was extremely moving. Now let's get the
news at seven point thirty with Jacqueline Carl Jacqueline, Good Morning.
Speaker 4 (15:41):
The gunman who killed four people at a Manhattan office
building on Monday, bought the weapon from a supervisor. Shane Tamora,
a twenty seven year old with a history of mental illness,
was reportedly sold the M four rifle by a supervisor
of his at the Las Vegas casino he worked at
for fourteen hundred dollars. Side note found on Tamora express
(16:02):
hostility toward the NFL. And one person has died and
nearly two dozen are sickened by Legionnaire's disease in Upper Manhattan.
Speaker 13 (16:11):
New York City Health officials say the disease was initially
detected on Friday, July twenty fifth, and the cluster of
patients who came down with legionneers is from five ZIP
codes in Central Harlem. Legionneers is a type of pneumonia
caused by the Legionella bacteria, and it grows in warm water.
So howth officials say all of the area's cooling towers
(16:31):
have been sampled. Anyone living or working in the area
who is experiencing flu like symptoms is encouraged to contact
their doctor. Natalie Migliori wr News.
Speaker 4 (16:42):
All right, so, Natalie Larry, this is some very good
news for us. According to lad Bible, a new study
has some bad news for those who make it a
habit of going to bed after midnight.
Speaker 5 (16:53):
I never see midnight.
Speaker 4 (16:54):
Researchers from Peking University and Army Medical University recently tracked
the sleeping habits of get this.
Speaker 5 (17:01):
More than eighty eight thousand adults to assess links between
poor sleep choices and disease risk.
Speaker 4 (17:08):
One of the things that study revealed is that participants
who went to bed after twelve thirty in the morning
had more than a two and a half times greater
risk of developing cirrhosis of the liver. But then they
started to wonder if that could imply that those same
people were staying up late because they were drinking, because
that seemed weird to me, like you just go to
(17:28):
bed after midnight and that affects your liver in that
way orhosis like the thing like associated with drinking. So
then they're like, well, maybe these people are staying up
late because they're out at the pub.
Speaker 5 (17:38):
Who knows, but we don't have to worry about that.
Speaker 1 (17:41):
It does crack me up when they do these studies,
and then they add something at the bottom where you
go that's it of course, that's it.
Speaker 5 (17:48):
Here's an asterisk.
Speaker 12 (17:50):
So what about every person under you know twenty who
stays up that lake?
Speaker 5 (17:56):
Exactly? Your kids?
Speaker 12 (17:57):
Does anybody go to sleep orform midnight in your house?
Speaker 5 (18:00):
Not mine now, binge watching TV, playing video games? But
that I don't think lesis roses.
Speaker 1 (18:07):
I'll not.
Speaker 5 (18:10):
So we just have to take every little study with
a grain of salt.
Speaker 1 (18:13):
Yes, thanks so much. Let's say as an asterisk. Thanks
so much, Jacqueline Carl. Congratulations to Florence R Now from
Forest Hill, Queens. She just won a pair of tickets
to see the Rolling Stone Rolling Thunder, the electrifying rock
musical of love, war and Revolution at New World Stages. Florence,
(18:34):
You're gonna love it. I saw Rolling Thunder with my family.
It got a standing ovation. It is very moving and
all the words in the play are from Vietnam veterans.
It's off Broadway in New York City right now at
the New World Stages. Tickets on sale at telecharge dot Com.
You get another chance to win tomorrow at seven twenty five. Plus.
(18:56):
Coming up, we have tickets to the Outlaw Music Festival
at eight twenty five. ABC News Crime and Terrorism analyst
Brad Garrett examines the unanswered questions from the Park Avenue shooting.
Was the shooter mentally ill? How did he get his
weapon then? And could this have been stopped? Brad is
(19:18):
answer those questions coming up next. We all remember that
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or challenged us, or just made learning fun. Well, now
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(19:40):
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Speaker 8 (20:11):
I'm Bernie Butter do War traffic. Starting things off at
the Garden State Parkway North thoumb passing by the P
and C Bank Arts Center, Exit one, p. Sixteen, there's
a crash along the right side roadway on the northbound
Parkway if you're heading.
Speaker 1 (20:23):
Police Officer Diderrule. Islam will be buried today in the Bronx.
And in the wake of that shooting, there are still
so many unanswered questions. There are so many questions, especially
about the shooter, Shane Tamora, that came all the way
here from Las Vegas to try to kill someone at
(20:44):
the NFL and then he got in the wrong elevators. Luckily,
we have Brad Garrett, ABC News Crime and Terrorism analyst
UH who is stationed in Washington, to answer some of
those questions. Brad, thank you so much for being here
this morning.
Speaker 14 (20:58):
Good morning, Good morning, Ark.
Speaker 1 (21:00):
Listen. Let's let's start with some of these questions. He
claimed in a suicide note that he had CTE, the
degenerative mental disorder. Does he Is there any proof of that?
Speaker 14 (21:13):
Not that we know of now. It's been reported that
there were two seventy two hour commitments, I assume in
someplace around Las Vegas. We don't know what those are about.
Are the reference to which you just described from having
brain injury which would then maybe lead to some pretty
(21:34):
erratic slash violenth, harming oneself behavior. We don't know any
of that. It's all we know is what he said.
And you know, it's interesting, Larry, that even if we
knew what he was committed for, it wouldn't have stopped
him from buying an M four. First of all, he
(21:56):
buys it privately, so that if you and I lived
in Nevada and you legally had purchased at him for
and say, Brad, you know I want to sell this
to you, and I say yes, and I pay you X,
that's perfectly legal, So there would be no paperwork about
the exchange of that weapon. And because he's never been
adjudicated by a judge as mentally ill, which is how
(22:18):
records would get to the state police when they do
background checks, but again they wouldn't have done one in
this case, so even if it was in there, this
sale would have still gone on. So the very short
answer is you couldn't have stopped him from doing what
he was doing unless we had advanced intel.
Speaker 1 (22:37):
So what could have stopped him? Was the building safe enough?
Or does this call him to questions the safety of
office buildings?
Speaker 14 (22:45):
Well, I think let's be clear, you're in a city
of huge office buildings, a lot of them, and the
people who pay rent their pay a lot of rents.
You know these are high end you know, the NFL,
et cetera. Types of agencies, companies, et cetera. And do
they all these buildings by and large have some security answers? Yes,
(23:09):
But Larry, I don't know how you can unless you
want to make it look much more like going into
a prison with bulletproof glass and you know, safe rooms
that you've got to walk into. Then then you're let
into the building after your search, et cetera. You know,
that changes the whole sort of atmosphere of a building.
(23:30):
But you have somebody who's Num. Four that walks into
the building, Now you know, how did he make it
into building? It's just lucky that he did that an
NYP officer or a federal agent or somebody armed sees
him and confronts him. He may not have gotten into building,
but let's face it, if you're willing to die to
do whatever you believe is the right thing to do,
(23:51):
then what do you care. You know, he double parks
in front, steps out of his vehicle and walks in,
and then he immediately starts spraying bullets nowecurity. On the
other side, maybe some of them were armed. Obviously the
officer that's deceased would have been armed. But did he
even have a chance to pull his weapon? My guess
is the answer is no. We'll have to see. But
(24:11):
even if he did and him four against the handgun
is not going to get you very far unless you
can get off shots in advance. So could security have
stopped him? My guess is based on how he entered
immediately started shooting. The answers no, So, as I mentioned,
you'd have to dramatically change what that building looks.
Speaker 1 (24:32):
Right, right, He is the scariest type of assailant, isn't he.
He was on nobody's radar. He came out of nowhere.
He didn't have a record. Even the mental health stuff
was not public, right.
Speaker 14 (24:44):
I Mean, this is another example of It's like how
many mass shootings have we talked about where kids get
into a school and an adult gets into a business
where you just got fired and they start killing people.
I mean, you just can't defend against that unless you
know about it. I Mean, we get into a big
debate about too many firearms, and that's all true, but
(25:08):
it doesn't matter because we do have all those firearms.
So you have to work with what you have, and
what you have is a system that you can't fill
and plug every hole around people that could potentially do
sadly what this guy did in your city.
Speaker 1 (25:25):
Brad Garrett, ABC News Crime and terrorism analyst in Washington. Brad,
thanks so much for joining us this morning.
Speaker 14 (25:32):
You're welcome. Take care, Larry.
Speaker 1 (25:33):
Yeah, that is scary, isn't it. That is the most
frightening type of assailant, the one that nobody knows about.
So there's no records of him being a threat, there's
no mental health records of being a threat, there's no
police record for him, he's never been arrested, and so
he was easily able to get a gun and now
(25:53):
he's able to travel across the country and commit this crime,
and everybody has to start from there and work back
to figure out who he is and why he did it.
Speaker 12 (26:02):
And I think what he said that, you know, kind
of got me the most is that he was willing
to die. So if you're willing to die for it,
there's not much that would stop you.
Speaker 1 (26:14):
Yeah, he wasn't only willing to die. He knew he
was going to die. He was on a suicide mission.
And so somebody that's on a suicide mission, they don't
care if you shoot them, not at all. I don't
care if you kill them, And so it makes that
that much more frightening. I just wonder if there was
anybody in his life that saw anything, that knew anything.
(26:37):
But you know what's amazing in all of this. Now,
you know there are reporters across the country. There's reporters
in Los Angeles that found always old coaches. There's reporters
in Las Vegas that are trying to find friends and
people that worked with them. Have you seen any family?
Have you seen anybody at all on television? No. He
didn't have really anyone else in his life. And I
(27:00):
think that's part of the mental illness in this country.
Part of the mental illness in this country are people
that are just alone, people that don't have anyone in
their lives. Now, one can cause the other, I understand that.
But you know, no wife, no girlfriend, very few friends
that we were able to find except the ones that
were supplying him guns, no family that came forward to
(27:24):
speak for him. The only people that came out to
speak for him are the coaches, and I felt so
strongly about the one coach that came out and said,
what could I have done? He internalized it and said,
I wish I would have reached out to him. I
wish I would have talked to him. Maybe I could
have prevented this because he was a good kid. He
(27:44):
was a great kid. Look, we're gonna be talking about
this for months because there's so much of a mystery here.
Coming up next is a sharp decline in birth rates
affecting the housing market. W OUR correspondent Rory O'Neil has
some surprising research well. Next, and now let's talk about
(28:07):
my favorite thing of sea crane radios. I want to
talk about the solar one first because the solar one
I just loved in an emergency. I didn't realize how
much I needed it until I needed it, and I
needed it when the power went out for three days,
and here I had something that was solar powered even
if I couldn't there wasn't enough sun to power it
(28:28):
up after a couple of days. There's a handcrack crank
in the back, and there is a backup battery for it,
and it can charge your phone, and it has a
flashlight build in. This is something every home needs. But
I also have the Sea Crane WiFi three and that's
what I use to listen to radio when I'm not
in an emergency. Because it is amazingly clear, no static,
(28:52):
no fade. It sounds like the station is next door.
And because it can hook up to Bluetooth and Wi Fi,
you can get twenty five thousand radio stations radio stations
all around the world that you can hear clearly. It
is the information you need when it matters most. Every
home should have these radios, especially yours. Call CCRANE at
(29:15):
eight hundred five two two eight eight sixty three. That's
eight hundred five two two eight eight sixty three, or
visit them online at ccrane dot com. That's c c
R A n E dot com. Well, thanks so much
for your talkbacks today. We always appreciate them, even when
(29:35):
you disagree with me.
Speaker 15 (29:37):
Lari, with all due respect, you and Trump are economic
illiterates when it comes to fedpolicy. The only thing the
Fed should be doing is controlling the money supply, which
is quite modest right now. There's no reason be trying
to micromanage interest rates and paying off interest on the
debt with cheap money. Cheap money never works.
Speaker 1 (30:00):
I love that people believe that when they say with
all due respect, they can say anything afterwards. Hey, Larry,
with all due respect, you're a complete idiot. Hey Larry,
with all due respects bow. Oh you don't know what
you're talking about. Well, listen, if that is true what
you just said, it is surprising the two members of
(30:21):
the Fed were so upset with the decision. First time
there has been that kind of revolt in the FED
in thirty years. And listen, what actually thirty five years?
And listen, that was really well said. And I guess
it seems to make sense. So why didn't Jerome Palce
say that. I listened to his whole statement. He never
(30:44):
mentioned that he did mention inflation, which is low. He
did mention investment in the country, which is high. He
did mention Now give him credit. He said all this
stuff was true. Everything that he's used in the past
to raise interest rates he said in the opposite, And
yet he didn't lower interest rates. You can't tell me
(31:07):
this isn't political, because in the past, with these exact
same economic factors, he's lowered interest rates, sometimes as much
of it as a half percent so I respect your opinion,
but with all due respect, I think you're completely wrong
(31:27):
and you don't know what you're talking about. How about that?
All right? Now, let's get to Rory O'Neil, because I
love this story you're covering today because I did not
see this coming at all, and I guess I should
if you think it out, I guess intellectually it does
make some sense. But the story is how birth rates
affect the housing market. Play this out for us, tell
(31:49):
us how this works.
Speaker 2 (31:50):
Right.
Speaker 7 (31:50):
Maybe it's the other way around, Maybe it's a chicken
and egg scenario. But what we're seeing is in the
American cities where we've seen the biggest spike in either
rent prices or in home prices, that's where we're also
measuring the biggest decline in birth rates. Couples are just
not able to make ends meet or don't have the
extra that they need as they look at one another
(32:12):
and say, oh, I don't know if we can have
another mouth at the table these days, and that's really
forcing them now to this decision of not having either
one or more children.
Speaker 1 (32:23):
That is fascinating. I didn't see that coming. I thought
when you talked about birth rates it was birth rates
from years ago and how it affects the market now
because there's so many people and all the prices go up.
But that is fascinating, So it has the exact it'll
have the exact opposite effect if we have less people
now because people are not having kids because they're unaffordable
(32:46):
and they don't feel like they can have another mouth
defeat as you said, that could affect That could affect
housing rates and just about everything for years.
Speaker 7 (32:56):
To come, well, right, and it affects social security because
it's that fresh money that they pay in now that
we will rely on in our retirement. So you'll and
again it's because of America's immigration that we don't have
a declining population and that's really changing the dynamics. But
you know, look, couples are different today. We don't have
(33:18):
a lot of families with four or five six kids
like we used to have, so things are changing. And
in addition to the housing costs, don't forget the cost
of childcare, which is a big factor because most cases
these days, both parents are working and they need that childcare.
And that's another massive expense that makes people reluctant to
have kids.
Speaker 1 (33:38):
Yeah, it's a legitimate concern, and it makes so much sense.
I know that there are people that make those kind
of decisions based on if they can afford it or not,
so it makes complete sense. Rory O'Neil wr national correspondence
with us every day at this time. Thanks so much, Rory,
good to talk to you again. With all due respect, Larry,
you too. I love that we have to do with
(34:05):
all due respect right throughout the day. Zorin Mom. Donnie,
by the way, with all due respect, he's an idiot too,
accuses Andre Andrew Cuomo. Andre. I'm calling him Andre the
Giant Andrew Cuomo of using the mass shooting for a
political attack. We'll talk about it after the eight o'clock
news
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