Episode Transcript
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Speaker 1 (00:03):
The news.
Speaker 2 (00:04):
You need to start your day in the Palm Beaches
at the Treasure Ghost.
Speaker 1 (00:08):
This is the Brian mut Show, Happy Friday, Happy day
of history. That involves mosque if not a deal with Iran.
And there's all kinds of interesting stuff, including what's going
on with Iranian State TV and what they're reporting. So, okay,
it's been a day. If you go back twenty four
hours ago, we were getting a truth from President Trump
(00:31):
that said, Okay, look here, you dead Iranians. We're coming
to take carg It's about to get real. I paraphrase considerably.
What he did say in his post on Truth was
that we're going to come take Cark and so it
was like this is over. Boots on the ground were
taking the oil. It just got real. And we went
(00:55):
from that message, which I instantly provided analysis that it
very well may not have been a literal intent as
much as it was maybe President Trump voicing frustration trying
one last time rhetorically to get a deal across the
finish line. In a matter of hours, we went from
(01:19):
Trump saying that to saying stuff like this. We ended
the war with Iran today and they have agreed never
to have a nuclear weapon, something that we insisted on.
That was the whole purpose.
Speaker 3 (01:35):
That was a ninety five percent of it.
Speaker 1 (01:39):
That all that was all inside of the day yesterday.
Now is a real is any of this reel? What's
happening here? We had a huge day in the stock
market yesterday. Oil was down a lot yesterday, oil is
down a lot more today. All three bucks of barrel
real time. The eighty four range actually had been in
the eighty three range one point earlier. This is the
lowest price for the price of oil going back to
(02:01):
April seventeenth, which was that Friday when we thought for
about six hours Strayhorn Moose was really open and then
we found I know what actually isn't and a deal
is not done. That's the only time since the second
week of the Iran war the price of oil has
been this slow. So let's walk through this for a moment.
Fox is Mark Meredith.
Speaker 4 (02:22):
President Trump says a deal to end the war and
Iran is closed. The news follows a day filled with threats,
as Trump himself warned massive airstrikes were hours away.
Speaker 2 (02:32):
We have a deal that Iran will never have a
nuclear weapon, which was the whole purpose of what we
had to go through.
Speaker 1 (02:38):
It to get this.
Speaker 4 (02:38):
The president claims Iran is ready to abandon its nuclear program.
Iran has spent months telling the world that's non negotiable.
Democrats say the president's on and off again threats show
he has no exit strategy.
Speaker 1 (02:50):
The president says a deal.
Speaker 4 (02:52):
May be signed within a matter of days, with Vice
President Vance representing the US.
Speaker 1 (02:56):
Here you go. The idea is, hey Vans, maybe this
weekends heading to Europe and we're going to sign this thing.
And so I say again to you, Joel, are you
a believer?
Speaker 2 (03:10):
Well, you mentioned to me earlier off air, and this
is that Iran state media is now saying that, Okay,
I'm gonna get there. Okay, So that makes me a
little more of a believer when I hear that.
Speaker 1 (03:23):
Okay, So a couple of different things. Joel was willing
to when he first came in this morning. He's like,
maybe because of the price action with oil and stuff. Maybe, yeah,
I'm there now because you had been the person right
along and like, Bomb's way is the only way. So,
I mean, I always find it interesting when people are like, oh,
(03:44):
but I can be convinced off of that position. Today,
I believe that Bomb's way is the only way. You're
not the only one. A lot of people go back
and forth on this kind of stuff. A lot of
people are swayed emotionally whatever else, which, by the way,
is why it's so important that we have people that
are not swung by emotions, that are in the middle
of all this stuff. Yeah, um, what actually happened last night?
(04:06):
You know, I as I am inclined to say, there
are two sides histories, one side of facts. The fact
is that President Trump did say, hey, it's over, We
ended it. The fact of the matter is also that
this went down last night. Listen, Fox is ri Jetson.
Speaker 3 (04:22):
Senior US defense official says Iran is still trying to
hit commercial ships sailing to the Strait of Horror moves.
The US military shotdown to Iranian one way attack drones.
There have been weeks of assertions an agreement to end
the fighting was imminent. The president threatened to seize Iran's
Krga island. Before the conflict began, about ninety percent of
Iran's crewed exports went through the island. Speaker of Iran's parliament, responding, quote,
(04:46):
wrong strategies and impulsive decisions will reset the entire board
for the worse, explode energy infrastructure and markets, and create
an angless quagmire that you will be stuck in for years.
Speaker 1 (04:58):
You will see a different Iran. Iran's leverage over US
is oil and oil prices. That's it. They know that
oil prices are the only thing. What was remarkable, and
this all came about with John Decker White House correspondence
question a couple of days ago, the covert operation that
been underway, what was the main reason that oil had
(05:19):
been coming down considerably and price well, as we came
to find out there were upwards two one hundred oil
tankers that in recent weeks had oil get out of
the Straight of Hormuz. This covert operation where by night
you would have some of these oil tankers loaded with
it that would end up having the oil unloaded from
(05:41):
them and then moved over to ships that were on
the other side of the Iranian blockade. And so we
were getting oil out of there and that was bringing
down the price. I'd mentioned from the beginning, the one
potential miscalculation by Trump was the impact on oil prices
over the longer term. I think he believed that through
(06:01):
what we had done with ramping up and obtaining the
Venezuelan oil with record US production, that we would be
able to mitigate massive price increases in oil. So he's
been actively working behind the scenes to eliminate Iran's leverage.
He always talks about the cards. He always talks about leverage.
That's the art of the deal. What is the only
leverage for Ran? The only leverage oil prices, real time
(06:24):
oil at eighty four dollars a barrel, Like I've been
saying right along, if oil's had seventy dollars a barrel,
we're not even having this conversation day to day. Because
the average American that takes for granted what freedom actually
is and who has to account for it and what
goes on in the world, and it kind of boobs
their way through life, just goes gas prices And I
understand the affordability challenges are real, but that's true. The
average American doesn't actually concern themselves with the thought that, hey,
(06:48):
China and Russia and Iran and North Korea and Venezuela
preceding in Cuba and Nikarai, they want to get us,
they want to win, and in the case of they
want a nuclear world War three because they want to
will a mom and they think that that's necessary to
get their will a mom. So the average person just
goes through life boot boom boo boo, boom, boom boom,
(07:09):
And Iron's over there meanwhile, going and let's nuke everybody
we can so for the people. So they go, oh,
guess right, And again affordability challenges are real. This is
what Trump's writer about. If the amount that you paid
for gas prevented a nuclear World War three? Are we
(07:31):
even having a conversation about whether that was the right
thing or an intelligent thing to do. So? I think
all this stuff is important, But now the bigger question
is does Trump have credibility?
Speaker 3 (07:41):
Here?
Speaker 1 (07:42):
Is this actually happening? And this takes us to what
just just happened within the last twenty minutes or so.
When Joel is getting ready to reference that I brought
to his attention. I regularly monitor Iranian state media. I'll
tell you this, with any news right, what is it
that I actually monitor? Yeah, I take a look at
what our news media says this about stuff, But when
involves other countries, I want to know what's being reported
(08:03):
over there. Iranian State TV, for the first time is
reporting stuff that is basically in line with what Trump
has said here, which is the deal does include an
immediate reopening of this trade of horn moose, among other things. Now,
they did not say in their state TV reporting that
(08:24):
all nuclear stuff is gone the way that Trump did.
They didn't say yeah ny about nukes, but they did
confirm other aspects of what Trump has said. All sanctions
straight of horm moose is open, all sanctions are lifted
by the US. That's that's what they're reporting. So we'll see.
(08:48):
They have not come that far publicly today, so that
does seem to be different. But again, and this is
forever the important thing here to know. Even if we
get to jd Vance meeting some well ammmming Islamic terrorists
(09:10):
in Europe over the weekend, putting pin to paper, who
did we just kind of deal with Islamic terrorists? And
if you can't trust well am momming believing Islamic terrorist,
who the heck can you trust in this world? Now? Question?
Would you be more inclined to trust a contract signed
(09:37):
by an IRGC official or Chuck Schumer?
Speaker 2 (09:47):
I might go with the IHEARTGZ official, be honest with.
Speaker 1 (09:50):
You Meanwhile, speaking of intelligence matters, FAIZA is going away,
at least temporarily, something a lot of people have thought
maybe shouldn't happen. A lot of people and intelligence circles
are very concerned about this. This all goes along with
Trump's new Director of National Security pick as well replaced
Tulca Gabbard, Fox's Chad program.
Speaker 5 (10:13):
The World Cup America two fifty, and War with Iran
a nightmare national security hat trick. As Congress fails to
renew the nation's premier anti terrorism tool. The House blocked
to temporary extension of FISA Section seven oh two, but
the GOP majority failed to muster even two hundred years
for the bill as nineteen Republicans bolted. Still, Republicans claim
(10:36):
that democratic resistance puts the.
Speaker 1 (10:38):
Country at risk.
Speaker 5 (10:39):
The installation of Bill POULTI is acting d and I
scuttled a fragile bipartisan compromise to renew FISA. The President
nominated Jay Clayton for d and I moments after most
lawmakers left the Capitol for the week. This guarantees of
FISA lapse.
Speaker 1 (10:54):
Okay, so that's happening. Meanwhile, speaking of other investigative matters, Oh,
how much that is happening here. What's happening here? Yeah,
I'm gonna have to do a disclosure here. Looks like
on my final store, I'm going to do my top stories.
Let's just checking an update on something. First. There's this.
Speaker 6 (11:19):
This goes back to Attorney General Merrick Garland's time in office.
October twenty twenty one, THEOJ leaders insist the Biden Justice
Department quote targeted parents, and the DJ announced to formal probe.
Speaker 1 (11:30):
Fox obtained emails.
Speaker 6 (11:31):
From October twenty twenty one that show senior DOJ leaders
expressed discomfort with a memo that then ag Garland sent
soon after the FBI put out this memo about school
board meetings. That's what Garland put in his memo. The
memo instructs the FBI agents to be on alert for
any threats to school board members and was written just
days after the National School Boards Association wrote to President
(11:54):
Biden equating some parental behavior across the country to quote
domestic terrorism.
Speaker 1 (12:02):
So a couple things about this. The first is, okay,
walk you back what actually took place in what happened here?
You had back during the peak of parent involvement during
COVID Moms for a Liberty, all these groups that end
(12:24):
up becoming popular and then all the backlash. So you
have this group that is run basically an adjunct of
the teachers' unions that sends this note to the Attorney
General's Office DOJ demanding that these parents be dealt with.
(12:51):
And then you have the Attorney General that turns around
and basically six the FBI on parents that are concerned
at school board meetings and so as the this is
all dealt with, a lot of this we had known previously.
Now we are hearing that, yeah it's real, and yeah
they're going to see what actions can be taken at
this point against people that were involved with doing this previously.
(13:14):
But what is the takeaway here in all of this, Well,
the real takeaway is the union, the school board unions.
And I've said this for teachers, even the well intentioned
ones right along. You can say you're a well intentioned,
good teacher and everything else. If you are a member
(13:38):
of a union, what are you contributing to You're contributing
quite literally to Randy Weingardn's outfit, the American Federation of Teachers.
Every union is you participated in this, your dues as
a teacher went to pay for that type of activity,
(14:00):
nine percent plus of the money it's given for political
causes because the Democrats. This is what happens. And the
only way to make this kind of stuff stop. The
only way is the eradication of these teachers unions. And
the only way it's going to happen is if teachers
just say no. It's a choice. Nobody can force you
into being a member of a teachers union in the
(14:20):
state of Florida. Don't do it. And I've heard every
excuse in the book, and I'm here to tell you
they're all excuses. And you will save money. This just
in have more money in your pocket. It's important. Meanwhile,
history getting ready to be made today. Fox is Jenny Pasila.
(14:41):
SpaceX is listing on the Nasdaq.
Speaker 7 (14:44):
The company includes the rocket and satellite company and Xai,
the artificial intelligence company, all founded by Elon Musk. Jamie
Cox is managing partner at Harris Financial.
Speaker 5 (14:55):
The important point for retail investors IPOs tend not to
be the best investment in the first hundred days.
Speaker 7 (15:01):
Scott Ladner, chief investment officer at Horizon Investment, says investors
are betting on SpaceX's future role in the artificial intelligence revolution.
Speaker 3 (15:10):
If you think that the aipart right one point eight
trillion is not expensive, it is cheap.
Speaker 1 (15:15):
If they get it wrong, it is one of the
most over companies in the universe. Ah, it's very true.
All that's very true. And I was asked a question
about this. I mean, look, there's so many things that
a remarkable. I will break this down in my top
three takeaways coming up next hour. But this will end
up being ten times larger at the time it comes
to public than the number two IPO in American history.
(15:36):
Greater than ten times larger. It is stunning. Elon will
be a trillionaire as this goes to public. Today it
was oversubscribed by four to five times, about four hundred
and fifty percent. What does that mean. It means for
people who are offered shares that are eligible investors to
be able to purchase shares. Pre IPO demand was four
(15:59):
and a half. I have times greater than the number
of shares that were made available. Now this is where
I must do disclosure. It's what I was just taking
a look at because I wanted to make sure that
I had account for what was taking place. I was
waiting for final allocations to come in, and it just did.
I just got a notification on it. Last week. I
was asked if I would be in my thoughts on
(16:22):
SpaceX and going IPO. I do not think it's a
wise idea likely to buy this at market after it
prices today. I mentioned that you cannot jump basically your
pain at that point for what might happen ten years
from now. It's the cult of Elon Musk. It's people
just investing in it because they believe, and they just
believe whatever it's going to blake. You cannot on evaluation
(16:43):
basis get close to where this thing is valued. With
that said, I was offered pre IPO shares and I
do think this thing is going to pop at the open.
I'm not a trader. It goes against a lot of
what I do, but it's kind of like, if you're
given the opper tidity to participate in the largest IPO
in American history and SpaceX and everything else, why not.
(17:06):
So I did it, and I did just get an
allocation as SpaceX share, so I do have for full disculature,
I do have SpaceX holding real time pretty IPO, so
that is out of this world. I will say that
what I asked for what I got were two very
(17:26):
different things. So I think a lot of accredited investors
that were approached probably take going to look at their
allocation and going, oh, that's it. I saw the shares
come through and I'm like oh. Then I took a
look at how many it was, and I went, oh, yeah.
The ask versus the allocation two very different things. Yea,
(17:47):
it speaks to how weevers subscribed this thing was. But
nevertheless thing you go
The news.
Speaker 2 (00:04):
You need to start your day in the Palm Beaches
at the Treasure Ghost.
Speaker 1 (00:08):
This is the Brian mut Show, Happy Friday, Happy day
of history. That involves mosque if not a deal with Iran.
And there's all kinds of interesting stuff, including what's going
on with Iranian State TV and what they're reporting. So, okay,
it's been a day. If you go back twenty four
hours ago, we were getting a truth from President Trump
(00:31):
that said, Okay, look here, you dead Iranians. We're coming
to take carg It's about to get real. I paraphrase considerably.
What he did say in his post on Truth was
that we're going to come take Cark and so it
was like this is over. Boots on the ground were
taking the oil. It just got real. And we went
(00:55):
from that message, which I instantly provided analysis that it
very well may not have been a literal intent as
much as it was maybe President Trump voicing frustration trying
one last time rhetorically to get a deal across the
finish line. In a matter of hours, we went from
(01:19):
Trump saying that to saying stuff like this. We ended
the war with Iran today and they have agreed never
to have a nuclear weapon, something that we insisted on.
That was the whole purpose.
Speaker 3 (01:35):
That was a ninety five percent of it.
Speaker 1 (01:39):
That all that was all inside of the day yesterday.
Now is a real is any of this reel? What's
happening here? We had a huge day in the stock
market yesterday. Oil was down a lot yesterday, oil is
down a lot more today. All three bucks of barrel
real time. The eighty four range actually had been in
the eighty three range one point earlier. This is the
lowest price for the price of oil going back to
(02:01):
April seventeenth, which was that Friday when we thought for
about six hours Strayhorn Moose was really open and then
we found I know what actually isn't and a deal
is not done. That's the only time since the second
week of the Iran war the price of oil has
been this slow. So let's walk through this for a moment.
Fox is Mark Meredith.
Speaker 4 (02:22):
President Trump says a deal to end the war and
Iran is closed. The news follows a day filled with threats,
as Trump himself warned massive airstrikes were hours away.
Speaker 2 (02:32):
We have a deal that Iran will never have a
nuclear weapon, which was the whole purpose of what we
had to go through.
Speaker 1 (02:38):
It to get this.
Speaker 4 (02:38):
The president claims Iran is ready to abandon its nuclear program.
Iran has spent months telling the world that's non negotiable.
Democrats say the president's on and off again threats show
he has no exit strategy.
Speaker 1 (02:50):
The president says a deal.
Speaker 4 (02:52):
May be signed within a matter of days, with Vice
President Vance representing the US.
Speaker 1 (02:56):
Here you go. The idea is, hey Vans, maybe this
weekends heading to Europe and we're going to sign this thing.
And so I say again to you, Joel, are you
a believer?
Speaker 2 (03:10):
Well, you mentioned to me earlier off air, and this
is that Iran state media is now saying that, Okay,
I'm gonna get there. Okay, So that makes me a
little more of a believer when I hear that.
Speaker 1 (03:23):
Okay, So a couple of different things. Joel was willing
to when he first came in this morning. He's like,
maybe because of the price action with oil and stuff. Maybe, yeah,
I'm there now because you had been the person right
along and like, Bomb's way is the only way. So,
I mean, I always find it interesting when people are like, oh,
(03:44):
but I can be convinced off of that position. Today,
I believe that Bomb's way is the only way. You're
not the only one. A lot of people go back
and forth on this kind of stuff. A lot of
people are swayed emotionally whatever else, which, by the way,
is why it's so important that we have people that
are not swung by emotions, that are in the middle
of all this stuff. Yeah, um, what actually happened last night?
(04:06):
You know, I as I am inclined to say, there
are two sides histories, one side of facts. The fact
is that President Trump did say, hey, it's over, We
ended it. The fact of the matter is also that
this went down last night. Listen, Fox is ri Jetson.
Speaker 3 (04:22):
Senior US defense official says Iran is still trying to
hit commercial ships sailing to the Strait of Horror moves.
The US military shotdown to Iranian one way attack drones.
There have been weeks of assertions an agreement to end
the fighting was imminent. The president threatened to seize Iran's
Krga island. Before the conflict began, about ninety percent of
Iran's crewed exports went through the island. Speaker of Iran's parliament, responding, quote,
(04:46):
wrong strategies and impulsive decisions will reset the entire board
for the worse, explode energy infrastructure and markets, and create
an angless quagmire that you will be stuck in for years.
Speaker 1 (04:58):
You will see a different Iran. Iran's leverage over US
is oil and oil prices. That's it. They know that
oil prices are the only thing. What was remarkable, and
this all came about with John Decker White House correspondence
question a couple of days ago, the covert operation that
been underway, what was the main reason that oil had
(05:19):
been coming down considerably and price well, as we came
to find out there were upwards two one hundred oil
tankers that in recent weeks had oil get out of
the Straight of Hormuz. This covert operation where by night
you would have some of these oil tankers loaded with
it that would end up having the oil unloaded from
(05:41):
them and then moved over to ships that were on
the other side of the Iranian blockade. And so we
were getting oil out of there and that was bringing
down the price. I'd mentioned from the beginning, the one
potential miscalculation by Trump was the impact on oil prices
over the longer term. I think he believed that through
(06:01):
what we had done with ramping up and obtaining the
Venezuelan oil with record US production, that we would be
able to mitigate massive price increases in oil. So he's
been actively working behind the scenes to eliminate Iran's leverage.
He always talks about the cards. He always talks about leverage.
That's the art of the deal. What is the only
leverage for Ran? The only leverage oil prices, real time
(06:24):
oil at eighty four dollars a barrel, Like I've been
saying right along, if oil's had seventy dollars a barrel,
we're not even having this conversation day to day. Because
the average American that takes for granted what freedom actually
is and who has to account for it and what
goes on in the world, and it kind of boobs
their way through life, just goes gas prices And I
understand the affordability challenges are real, but that's true. The
average American doesn't actually concern themselves with the thought that, hey,
(06:48):
China and Russia and Iran and North Korea and Venezuela
preceding in Cuba and Nikarai, they want to get us,
they want to win, and in the case of they
want a nuclear world War three because they want to
will a mom and they think that that's necessary to
get their will a mom. So the average person just
goes through life boot boom boo boo, boom, boom boom,
(07:09):
And Iron's over there meanwhile, going and let's nuke everybody
we can so for the people. So they go, oh,
guess right, And again affordability challenges are real. This is
what Trump's writer about. If the amount that you paid
for gas prevented a nuclear World War three? Are we
(07:31):
even having a conversation about whether that was the right
thing or an intelligent thing to do. So? I think
all this stuff is important, But now the bigger question
is does Trump have credibility?
Speaker 3 (07:41):
Here?
Speaker 1 (07:42):
Is this actually happening? And this takes us to what
just just happened within the last twenty minutes or so.
When Joel is getting ready to reference that I brought
to his attention. I regularly monitor Iranian state media. I'll
tell you this, with any news right, what is it
that I actually monitor? Yeah, I take a look at
what our news media says this about stuff, But when
involves other countries, I want to know what's being reported
(08:03):
over there. Iranian State TV, for the first time is
reporting stuff that is basically in line with what Trump
has said here, which is the deal does include an
immediate reopening of this trade of horn moose, among other things. Now,
they did not say in their state TV reporting that
(08:24):
all nuclear stuff is gone the way that Trump did.
They didn't say yeah ny about nukes, but they did
confirm other aspects of what Trump has said. All sanctions
straight of horm moose is open, all sanctions are lifted
by the US. That's that's what they're reporting. So we'll see.
(08:48):
They have not come that far publicly today, so that
does seem to be different. But again, and this is
forever the important thing here to know. Even if we
get to jd Vance meeting some well ammmming Islamic terrorists
(09:10):
in Europe over the weekend, putting pin to paper, who
did we just kind of deal with Islamic terrorists? And
if you can't trust well am momming believing Islamic terrorist,
who the heck can you trust in this world? Now? Question?
Would you be more inclined to trust a contract signed
(09:37):
by an IRGC official or Chuck Schumer?
Speaker 2 (09:47):
I might go with the IHEARTGZ official, be honest with.
Speaker 1 (09:50):
You Meanwhile, speaking of intelligence matters, FAIZA is going away,
at least temporarily, something a lot of people have thought
maybe shouldn't happen. A lot of people and intelligence circles
are very concerned about this. This all goes along with
Trump's new Director of National Security pick as well replaced
Tulca Gabbard, Fox's Chad program.
Speaker 5 (10:13):
The World Cup America two fifty, and War with Iran
a nightmare national security hat trick. As Congress fails to
renew the nation's premier anti terrorism tool. The House blocked
to temporary extension of FISA Section seven oh two, but
the GOP majority failed to muster even two hundred years
for the bill as nineteen Republicans bolted. Still, Republicans claim
(10:36):
that democratic resistance puts the.
Speaker 1 (10:38):
Country at risk.
Speaker 5 (10:39):
The installation of Bill POULTI is acting d and I
scuttled a fragile bipartisan compromise to renew FISA. The President
nominated Jay Clayton for d and I moments after most
lawmakers left the Capitol for the week. This guarantees of
FISA lapse.
Speaker 1 (10:54):
Okay, so that's happening. Meanwhile, speaking of other investigative matters, Oh,
how much that is happening here. What's happening here? Yeah,
I'm gonna have to do a disclosure here. Looks like
on my final store, I'm going to do my top stories.
Let's just checking an update on something. First. There's this.
Speaker 6 (11:19):
This goes back to Attorney General Merrick Garland's time in office.
October twenty twenty one, THEOJ leaders insist the Biden Justice
Department quote targeted parents, and the DJ announced to formal probe.
Speaker 1 (11:30):
Fox obtained emails.
Speaker 6 (11:31):
From October twenty twenty one that show senior DOJ leaders
expressed discomfort with a memo that then ag Garland sent
soon after the FBI put out this memo about school
board meetings. That's what Garland put in his memo. The
memo instructs the FBI agents to be on alert for
any threats to school board members and was written just
days after the National School Boards Association wrote to President
(11:54):
Biden equating some parental behavior across the country to quote
domestic terrorism.
Speaker 1 (12:02):
So a couple things about this. The first is, okay,
walk you back what actually took place in what happened here?
You had back during the peak of parent involvement during
COVID Moms for a Liberty, all these groups that end
(12:24):
up becoming popular and then all the backlash. So you
have this group that is run basically an adjunct of
the teachers' unions that sends this note to the Attorney
General's Office DOJ demanding that these parents be dealt with.
(12:51):
And then you have the Attorney General that turns around
and basically six the FBI on parents that are concerned
at school board meetings and so as the this is
all dealt with, a lot of this we had known previously.
Now we are hearing that, yeah it's real, and yeah
they're going to see what actions can be taken at
this point against people that were involved with doing this previously.
(13:14):
But what is the takeaway here in all of this, Well,
the real takeaway is the union, the school board unions.
And I've said this for teachers, even the well intentioned
ones right along. You can say you're a well intentioned,
good teacher and everything else. If you are a member
(13:38):
of a union, what are you contributing to You're contributing
quite literally to Randy Weingardn's outfit, the American Federation of Teachers.
Every union is you participated in this, your dues as
a teacher went to pay for that type of activity,
(14:00):
nine percent plus of the money it's given for political
causes because the Democrats. This is what happens. And the
only way to make this kind of stuff stop. The
only way is the eradication of these teachers unions. And
the only way it's going to happen is if teachers
just say no. It's a choice. Nobody can force you
into being a member of a teachers union in the
(14:20):
state of Florida. Don't do it. And I've heard every
excuse in the book, and I'm here to tell you
they're all excuses. And you will save money. This just
in have more money in your pocket. It's important. Meanwhile,
history getting ready to be made today. Fox is Jenny Pasila.
(14:41):
SpaceX is listing on the Nasdaq.
Speaker 7 (14:44):
The company includes the rocket and satellite company and Xai,
the artificial intelligence company, all founded by Elon Musk. Jamie
Cox is managing partner at Harris Financial.
Speaker 5 (14:55):
The important point for retail investors IPOs tend not to
be the best investment in the first hundred days.
Speaker 7 (15:01):
Scott Ladner, chief investment officer at Horizon Investment, says investors
are betting on SpaceX's future role in the artificial intelligence revolution.
Speaker 3 (15:10):
If you think that the aipart right one point eight
trillion is not expensive, it is cheap.
Speaker 1 (15:15):
If they get it wrong, it is one of the
most over companies in the universe. Ah, it's very true.
All that's very true. And I was asked a question
about this. I mean, look, there's so many things that
a remarkable. I will break this down in my top
three takeaways coming up next hour. But this will end
up being ten times larger at the time it comes
to public than the number two IPO in American history.
(15:36):
Greater than ten times larger. It is stunning. Elon will
be a trillionaire as this goes to public. Today it
was oversubscribed by four to five times, about four hundred
and fifty percent. What does that mean. It means for
people who are offered shares that are eligible investors to
be able to purchase shares. Pre IPO demand was four
(15:59):
and a half. I have times greater than the number
of shares that were made available. Now this is where
I must do disclosure. It's what I was just taking
a look at because I wanted to make sure that
I had account for what was taking place. I was
waiting for final allocations to come in, and it just did.
I just got a notification on it. Last week. I
was asked if I would be in my thoughts on
(16:22):
SpaceX and going IPO. I do not think it's a
wise idea likely to buy this at market after it
prices today. I mentioned that you cannot jump basically your
pain at that point for what might happen ten years
from now. It's the cult of Elon Musk. It's people
just investing in it because they believe, and they just
believe whatever it's going to blake. You cannot on evaluation
(16:43):
basis get close to where this thing is valued. With
that said, I was offered pre IPO shares and I
do think this thing is going to pop at the open.
I'm not a trader. It goes against a lot of
what I do, but it's kind of like, if you're
given the opper tidity to participate in the largest IPO
in American history and SpaceX and everything else, why not.
(17:06):
So I did it, and I did just get an
allocation as SpaceX share, so I do have for full disculature,
I do have SpaceX holding real time pretty IPO, so
that is out of this world. I will say that
what I asked for what I got were two very
(17:26):
different things. So I think a lot of accredited investors
that were approached probably take going to look at their
allocation and going, oh, that's it. I saw the shares
come through and I'm like oh. Then I took a
look at how many it was, and I went, oh, yeah.
The ask versus the allocation two very different things. Yea,
(17:47):
it speaks to how weevers subscribed this thing was. But
nevertheless thing you go
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