Join us as we break down Marco Rubio’s meeting with Ukrainian diplomats in Saudi Arabia, where they discussed a potential peace plan with Russia, security guarantees, and a major mineral rights deal. We also analyze the recent drone attacks in Moscow and their broader implications.
Then, we dive into the market reaction to Donald Trump’s tariffs, explaining why the initial drop in stock prices is expected—and how short-term losses are often necessary for long-term economic gains.
Finally, in "This Day in History," we revisit the largest Kamikaze attacks of World War II, exploring their devastating impact in the final months of the Pacific War.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:08):
Good morning, ladies and gentlemen.
Welcome back here to The Full Story on WYAB 103.9 on this now Tuesday morning of the week
(00:29):
as we continue rolling on.
And the big story I want to talk about this morning is the peace talks that Ukraine and
the United States are now having in Saudi Arabia, which has weirdly been the place where
they've been.
(00:49):
That's where also the United States met with Russia just earlier in the year.
And this is all going on as there have been massive drone strikes in Moscow.
So trying to put pressure on Russia in that regard.
We'll talk about that.
What's going on in Saudi Arabia.
Obviously, we've been covering the Ukrainian conflict quite heavily here, as well as, of
(01:15):
course, the big spat between, I don't even want to really call it a spat.
It's really not even a spat.
It's just really, it's really just Zelensky making a fool of himself in the White House.
And then Donald Trump calling him on it.
And then Zelensky having to come back to grovel back to Donald Trump in the letter that he
mentioned in his State of the Union speech that we covered.
(01:38):
And obviously, Trump is moving forward.
No sign yet on the on the minerals deal, even though the Ukrainians said they were willing
to sign it.
But they're proposing potentially a limited ceasefire in that regard.
So we'll look at that.
Also looking at the drone strikes that are happening right now in Russia.
(02:04):
We got some we got some video for that for you guys, the ones that are watching on the
live stream.
We have the we have the actual some actual video of that, which should be pretty, pretty,
pretty good.
Then we're going to talk about the stock market a little bit.
(02:25):
We haven't talked about the stock market in a while, but obviously the markets have been
kind of crazy swings in the market with the announcement of tariffs, what how that could
affect the economy.
We've talked about the tariffs quite a bit here, but we haven't talked about the actual
effects on the economy, even though the tariffs haven't gone into full force.
(02:47):
Just the mention of them, the potential potentiality of them, what that has, how that can affect
the market and what how it's affecting the market right now.
And then if we have time, I want to talk a little bit about the taking down of a monument
in D.C. except this time it's not really a monument.
(03:08):
It's the big Black Lives Matter thing that was on the street.
If you can remember that, you know, they painted the big yellow Black Lives Matter right there,
not about a block, I guess, from the White House.
If I can find if I got my if I got my geography correct.
Yeah, it's still there.
Well, it won't be much longer, but it's just been sitting there ever since the whole protest
(03:31):
that they had there, which is kind of funny to have a Black Lives Matter protest in a
city that is majority black.
But whatever, especially when you run the when you when you it's almost like that is
a crazy, you know, if you got to if you got to if you had a majority black city that's
run by a majority of black people, for you to have a protest about Black Lives Matter
(03:54):
and about how you're oppressed, that's you know, it's it's just it's just a little weird
if you run the city yourself.
It's like, well, I mean, don't you don't you run the city now, D.C. in all fairness, is
not like most cities and that it's not completely autonomous.
I guess no city is really autonomous, but they have much less autonomy than most cities
because their laws and governance and everything else to mostly go through Congress and Congress
(04:17):
Congress runs a lot of what goes on in the city, or at least they have veto power over
it.
And of course, now with Republicans being in control of the House and the Senate, they
can start to correct them.
It is our nation's capital, after all.
That's why it is a federal enclave.
It is the reason you have that right is you don't necessarily want the city that can just
(04:42):
run itself and it's supposed to be our nation's capital because the nation's capital, you
want to make sure is safe.
It's pretty.
It's a place that the world can look to, you know, as a shining hill, right, as to put
on what Ronald Reagan talks about, because he meant that as a country as a whole.
But you need you need you need your you need your capital city to look and be safe, as
(05:09):
well as look professional, look an actual like a capital.
And of course, not only that, but make sure people are safe when visiting, not just not
just diplomats and things like that, but people in the country when they come to see their
capital.
They shouldn't be disgusted when they see their capital.
And it's, you know, outside of a few few places, they haven't done the best with that.
(05:35):
And things like seeing things like these, like this big yellow Black Lives Matter on
the road doesn't help things for people coming there.
So hopefully, like I said, starting to get back to common sense in D.C. and that's common
sense in D.C. as a whole.
Right.
That's what Donald Trump is wanting to bring in.
As I told, as I said in the beginning, this was supposed to be the return of common sense
(05:59):
and the return of unabashed conservatism or just, hey, here's how it's going to be.
Deal with it.
We got the votes.
Right.
We've been dealing with you for 12 of the last 16 years and we're tired of trying to
grovel to you when you never groveled to us or tried to work with us.
And so this is how it's going to be.
(06:20):
The American people have spoken and that's exactly what he's doing.
And like I said, there's no no apologies, no no holding back whatsoever.
But those are hopefully what we can all talk about this morning.
If you want to call in during during any of the breaks, number 601-879-0002.
Of course, like I said, we are running live on YouTube and Rumble as well.
(06:44):
So you can leave comments there as you said, as well as if you call during the break, we
can talk live on on those platforms and we can have a much more freer conversation.
All right.
So we're going to go ahead and take that first break, that early first break that we like
to take for get into our main story, which is going to be the peace talks in Ukraine.
(07:05):
Well, the peace talks in Saudi Arabia on Ukraine.
And if you want to call in during the break, number 601-879-0002.
Keep it tuned to the full story on W.I.A.B. 103.9.
All right, as you know, welcome back here to the full story on W.I.A.B. 103.9 as we
continue on.
And like I said, we've been covering the Ukrainian war quite often, quite a bit as we try to
(07:31):
cover mostly international news or it's international, but you know, it affects America quite a
bit more so than most people would like.
But because we one thing of us spending so much money there is that we can pretty much
direct how the ending of this thing can happen and really direct the ending to happen because
(07:53):
we have given so much money over to Ukraine.
They said about 40 percent of all of their war effort has come from us.
And, you know, with us saying we're going to withhold any kind of or withhold the military
aid to that, they lose 40 percent of their money and equipment.
It's pretty hard to to continue on.
(08:16):
So now high stakes talks between senior delegations from Ukraine and the United States on how
to end Kiev's three year war with Moscow opened in Saudi Arabia on Tuesday after hours of
negotiations.
So this happened as this happens hours after Russian air defenses shot down three hundred
(08:42):
and thirty seven Ukrainian drones over Russia.
Two people were killed and 19 were injured, including three children in the massive drone
attack that spanned 10 Russian regions.
No large scale damage, however, was reported.
So they shot down three hundred thirty seven drones, which which gave very little damage,
(09:06):
which makes me wonder, is that just posturing?
Because someone had to pay for those three hundred thirty seven drones.
You know, it's you know, I get you know, I get the kind of the I guess the emotional
or the mind games that may play with Russian citizens like, hey, these are Ukrainian drones
in our country.
Right.
(09:26):
So it's like, hey, this makes them nervous or try to make them nervous.
But if they shoot down all three hundred, if they shoot down three hundred thirty seven,
how many of them total there were.
But if they shoot down three hundred thirty seven of them and no large scale damage happens,
it's like, well, was that really the best use of those drones or were those have been
better used back on the battlefield in your country and defending your country?
(09:50):
I don't know.
But again, especially when other people are paying for those drones and you're not paying
for them, it's a it's a little bit of a little bit of a little bit of a nerve wracking thing.
Those things aren't cheap.
Right.
We're not talking cheap drones when we talk about these three hundred thirty seven.
You know, that's probably at least as probably close to a million dollars right there.
Just right down the drain, if not more.
(10:12):
So you just imagine like, hey, maybe people are thinking maybe that wasn't the best.
Maybe that's what's the best use of them.
But again, you know, that's not that's not that's not to discount the fact that that
has some kind of emotional impact or, you know, trying to trying to make the Russian
citizens scared or trying to make the Russian citizens try to push their government.
(10:33):
But obviously, they don't know what Russians are because Russians don't care.
Don't give a crap what their citizens think.
They'll do whatever they're Russia.
That's what they do.
You know, the people of Russia can not like the war all they want.
It's not going to stop.
And if you want to disagree with it, well, they'll just conscript you and send you the
front lines.
So that's like I said, maybe in a maybe in a democratically elected country, that would
(10:57):
work, but not in a place like Russia.
So in the Red Sea port of Jeddah, which is in Saudi Arabia, like I said, journalists
briefly entered a room where senior Ukrainian delegation met with Americans, top diplomats
for talks on ending Europe's biggest conflict since World War Two.
U.S. Secretary of State Marco Rubio was asked what his expectations for the meeting were,
(11:22):
and he gave a thumbs up and replied good.
What else would he say?
Ukrainian officials, including the country's top diplomat and defense chief, sat without
expression at a table across from the meeting, got underway at a luxury hotel.
There was no immediate comment from Ukrainian or U.S. officials on the drone attack.
(11:43):
However, Ukrainian presidential aide Andriy Yermak commented to reporters that the most
important thing was how to achieve a just and lasting peace in Ukraine.
He said security guarantees were important to prevent Russia from invading again in the
future in 2014, which was when Russia seized Crimea from Ukraine.
(12:04):
And again, nothing happened then.
That's the craziest thing.
Just how all of a sudden the Democrats were just fine with Russia invading Ukraine.
They did it a couple weeks ago.
We kind of went through the history of that, how they invaded, of course, Crimea without
(12:26):
opposition, didn't start a war.
They just took it over.
Then they, the same region here, the Donbas region in the eastern part of Ukraine, they've
been in there before, which caused a conflict, but we didn't get involved.
And only after this one, only when Biden was president did we start sending billions and
(12:48):
billions of dollars and starting to get involved.
And you wonder, you just wonder, one can wonder, I would say, that even President Obama didn't
do anything when this happened, when Russia was doing the same thing with Ukraine.
And then all of a sudden we know that there are connections between the Biden family and
(13:11):
contracts in Ukraine, the Ukrainian power companies, Hunter Biden sitting on the board
of one of them, the good old Hunter Biden who likes to do blow off hooker's stomachs,
that Hunter Biden.
It makes you wonder, right, is why all of a sudden did Democrats care?
They didn't care when they did it the first time under Obama, and Obama didn't do anything.
(13:34):
Of course there were no invasions under Donald Trump.
And then they invade again under Biden, and all of a sudden we're spending hundreds of
billions of dollars and everybody has to wear Ukrainian flags.
It's like, what's going on here?
Something's a little fishy about that.
And of course when Donald Trump asked about it during his administration, they tried to
(13:55):
impeach him.
How dare he ask on such things?
And I don't know if what, of course, Joe Biden pre-pardoned his son for any crimes or wrongdoings
that ever could have happened, right, which I've talked about needs to be tested, that
pardoning power needs to be tested.
(14:15):
But I would hope that one of the things while we're negotiating this with Ukraine is that,
hey, you have to give us all your records you have on the Bidens.
Everything you got on them, if you want us to help you out, we're going to need this
information.
And you can't hide it any longer.
I would hope that's part of it.
(14:37):
Just so the American people can know or get some truth of why their tax dollars just all
of a sudden had to be spent on Ukraine.
We didn't care the first time it happened.
First two times it happens, I should say.
There was Crimea and Donbass.
And all of a sudden, when Biden gets in there, we all of a sudden have to spend hundreds
of billions of dollars.
(14:58):
Just interesting enough, you know, just something to put out there.
A big question mark for you, if you will, of why that was on there.
And I hope, like you said, maybe through these talks we can finally get to that.
So Saudi Arabia's going back to the meeting, Saudi Arabia's foreign minister was on hand
for the talks as American, Saudi and Ukrainian flags stood in the background.
(15:22):
However, the official did not answer any of the questions from reporters.
Kremlin spokesman Dmitry Peskov said the United States will inform Russia about the results
of the Jetta talks, which he described as normal practice.
And this is something that's interesting because just overall talks are opening, right?
(15:43):
This never would have happened under the Democrats of Kamala Harris because they have some kind
of backroom deal to keep this thing going in perpetuity, right, with the military industrial
complex.
They have something going on with that.
But the fact is, is that both sides now are engaging in talks.
They're not engaging in talks with each other just yet.
(16:05):
But the United States is brokering a deal between both of them.
That's something that just wasn't going to happen under the Democrats, right?
That's something it was never going to happen.
It wasn't even talked about.
You know, peace was never talked about by the Democrats leading up to this.
It was never discussed about how we can come to an end of the war.
It's just that we got to support Ukraine.
(16:25):
We got to support Ukraine.
Never about, well, how do we, how can we support peace?
Because that's really what we should be supporting, right?
Is supporting peace.
Now again, my grand scheme of things is, is it never should have been involved in begin
with, and that's a European problem.
(16:46):
But now that we are involved and we are, you know, as I've talked about and conservative
estimates at least $200 billion in, Donald Trump puts a $350 billion number out there,
but just in the last couple of years, I know for a fact, 200 billion we've been involved,
then we need to, we need to get to a peace deal.
(17:09):
And Donald Trump, like he said, he promised that he would have an ending to this and they
have been working hard.
Again, it's, they've only been in office now, you know, not quite two months and we're already
talking about peace talks and he hasn't even been in power two months yet.
That's how quickly things are.
That's pretty quick to in the world it's been going on for what?
Four years.
So, and I mean, I guess even longer than that, if you want to count going all the way back
(17:35):
to Crimea.
So it's just interesting to think, right?
That how fast things have been moving.
So the talks offer an opportunity for Kiev officials to repair Ukraine's relationship
with the Trump administration after an unprecedented argument erupted during President Vladimir
(17:55):
Zelensky's February 28th visit to the White House.
Critically, Ukraine needs to persuade Ukraine.
I mean, Ukraine is persuade Ukraine.
Ukraine needs to persuade Washington to end the subsequent US suspension of military aid
and some intelligence sharing.
US officials have said that positive talks in Jeddah could mean it may be only a short
(18:20):
suspension.
So again, you do what we say, we'll support it until the end of the war and we'll support
that.
But you'll do it on a timeline.
This is not going to be forever.
This is only going to be until we can get to the end mark, right?
That is the only reason we have to support them a little bit further is in order, because
(18:46):
Ukraine knows this.
We just pull out.
If Ukraine doesn't want to heed to what we want, then Donald Trump just pulls out.
He shows how quickly he'll do it.
And if we pull out, they lose 40% of all their funding and equipment and military supplies,
then they are not in a good spot.
(19:06):
And the EU or Europe as a whole does not have the resources to make up for that.
They're already tapped out enough and their people are already tired of how much money
they're giving, right?
We've talked about that in Germany as there's been conservatives elected in places like
Germany and Italy and France is also their, I say conservative, I mean conservative-like
(19:33):
parties.
Again, conservatism means different things in Europe than it does here.
But I'm going to say parties that are more nationalist, more concerned about their own
internal affairs, and they've been getting more and more of those elected.
And that's something that their leaders are taking heed because they're starting to lose
(19:56):
power because of their support of Ukraine.
And they're in Europe, right?
They're actually in Europe.
And if I'm a European citizen, I can understand supporting Ukraine a little bit more just
because I don't want Russia coming after me and it seems like it's a great way to try
to fend that off.
But even there are people like, hey, what are we doing here?
(20:19):
Our people are hurting on the streets.
We've got all these migrants, very similar issues to the United States on a smaller scale
and on a different type of scale.
And so they have been losing.
Those globalists in those countries have been losing elections.
And we've been covering those elections here on the show.
And so that's causing them to have a, to have to come back a little bit.
(20:43):
And they know that if the United States pulls out, not only they not have the money, but
even if they did, it'd be a huge, huge stretch.
And then the people of their own country don't want to do that, right?
They would lose their jobs.
And what do politicians care more about anything else?
I don't care where the politician is, is keeping their job, right?
(21:06):
For as long as they can and keeping their hand on power as long as they can.
And this, as long as you, if Ukraine starts threatening that for them, they also may start
pulling out.
So Ukraine is right now, the outlook for them is not great because they absolutely cannot
(21:28):
get through without the United States.
They need, they need every single dollar from the United States to keep going.
And that's why they have to, they don't like, we'll talk with them, see what they want.
And they keep saying security guarantees.
I, you know, I don't know what they mean by that because if they're talking about brutes
(21:49):
on the ground or troops in, or like stationing troops in Ukraine, that's just not going to
happen.
That's a straight up no-go.
However, this goes back to now the, the minerals rights deal.
So the mineral rights deal, the, which was supposed to be the agreement with the United
(22:12):
States, which again was to give the United States access to Ukraine's rare earth minerals
that that you, that Zelensky was there in the White House to sign and that he screwed
the pooch on that one.
That is still not been signed.
However, on the plane to Jeddah, Rubio said the US delegation would, may sign the deal
(22:41):
in that time, but they are not going to, they're not going to really get into detail about
specific measures to secure an end to the three year deal.
But again, the security guarantee that you need is in that deal.
(23:01):
That's the security guarantee.
I've talked about that before.
And that's what they need to, that's what they need to sign to have any kind of security
measures because, you know, again, you look at, you look at our military and what's happened
over the last 70 years, you know, we're still, we still have troops in Germany, right?
(23:22):
We still have troops in Japan.
We still have troops in Korea.
Meanwhile, in the last, in the last, you know, few years we've had invasion on our southern
border.
And it's like, you know, what exactly, now they want troops in Ukraine and we have troops
(23:43):
in Poland as well.
We have, with a strong ally there, I will say that Donald Trump did see that from the
get go.
And that's how you keep Russia at bay is things like that, is having alliances with people
like Poland.
And it was funny because it was President Obama that they got rid of, it was called
(24:07):
Fifth Corps or V Corps, which is a whole army corps that was based in Europe.
And then Obama got rid of it saying, hey, we don't need it.
And it was Trump that reorganized it, right?
He said, no, I don't think we need to get rid of our corps in Europe.
And he reorganized V Corps back in Europe and to have a large military element available
(24:34):
in Europe.
And that's, that goes to deterrence, right?
And so that was something that Donald Trump did, right?
And I guess that's what's crazy to me is that, you know, the Democrats were getting out of
Europe.
They were getting out of Europe and then just real crazy 180 with President Biden and them
(24:58):
coming to like this heavy defense now.
We want to do everything in Europe.
We want to spend all these hundreds of billions of dollars in Europe just out of nowhere.
So Rubio told reporters who were accompanying him about the meeting, quote, I'm not going
to set any conditions on what they have to or need to do.
(25:20):
I think we want to listen to see how far they're willing to go and then compare that to what
the Russians want and see how far apart we truly are.
Rubio said the rare earths and critical minerals deal could be signed during the meeting, but
stressed it was not a precondition to the United States, for the United States to move
ahead with discussions with either Ukraine or the Russians.
(25:43):
He said it may in fact make more sense to take some time to negotiate the precise details
of the agreement, which is now a broad memorandum of understanding that leaves out many specifics,
which is not a bad, which I guess is not a bad idea.
Right.
Let's get down to specifics.
The brass tacks of that agreement because Ukraine needs for their sake.
(26:05):
They should want that because that's their security guarantee that they want.
Now Zelensky was there in Saudi Arabia.
However, he landed a few hours difference in Saudi Arabia and they did not meet each
other.
Now I'm going to go ahead and take another break right here.
(26:27):
When we get back, I want to talk about the Kremlin's response to that.
We have a couple more facts I want to cover on this.
And then I want to go into some of the stock market things and world markets as far as
the tariffs go.
If you want to call in during the break number 601-879-0002, keep it tuned to the full story
(26:48):
on WIAB 103.9.
All right, ladies and gentlemen, welcome back here to the full story on WIAB 103.9 as we
continue on.
And a couple more things I want to talk about on the Ukrainian issue before we get into
the stock market.
So the Kremlin in regards to this has not publicly offered, that's Russia, Kremlin,
(27:13):
has not publicly offered any concessions.
Russia said it's ready to cease hostilities on condition that Ukraine drops its bid to
join NATO and recognize regions that Moscow occupies as Russian or at least separate territories.
And Russia has captured nearly a fifth of Ukraine's territory since the war began.
(27:35):
Ukrainian forces have held the battlefield momentum, it seems like lately, even though
again it's always back and forth.
We never really get a true thing.
Whenever it's convenient, Russia has momentum.
And then whenever it's convenient, Ukraine has momentum.
I never really know it has momentum.
All we do know is that Russia occupies one fifth of the country.
(27:56):
So again, it's been according to Ukrainian sources, a high cost to Russians with the
600 mile front line, especially in the Donetsk region, in the Donbass region, all that area.
So most of Ukraine drones, like I said, that fired overnight were shot down as you just,
(28:20):
you know, you heard a little bit about there, killed now three people.
But 70 of those drones were in Moscow, which was the biggest single attack on Moscow so
far in the war.
But again, if the effectiveness is they all get shot down, you know, does that really
further your cause?
(28:41):
I mean, obviously it's just a posture move.
It has no actual military benefit.
Also, of course, targeting civilian buildings is not the best way to get you in the best
graces of the international people, I should say.
(29:08):
Not the best way to do it.
So outside of the attacks, Ukrainian officials told the Associated Press yesterday that they
will propose a ceasefire covering the Black Sea, which would bring safer shipping as well
as long range missile strikes that have hit civilians in Ukraine and the release of prisoners.
(29:35):
The officials who spoke on the condition of anonymity because they are not authorized
to speak publicly because they never are, also told the Associated Press that the Ukrainian
delegation is ready during the talks to sign that minerals agreement, even though I just
talked about Rubio said, hey, maybe we need to get specifics first before we start signing
(29:57):
anything.
The officials discussed the confidence building measures with no further details ahead of
the Ukrainian negotiating team's meeting with the U.S. Secretary of State Marco Rubio.
As I mentioned earlier, Zelensky landed after Rubio and did not meet with him.
However, he did meet with the kingdom's crown prince Monday evening with the president saying
(30:21):
that they had a detailed discussion on the steps and conditions needed to end the war
and secure a reliable and lasting peace.
Zelensky said online, quote, Saudi Arabia provides a crucial platform diplomacy and we appreciate
this.
He also met Crown Prince Mohammed bin Salman, thanking him for hosting the talks and also
(30:41):
discussing Yemen's Houthi rebels who are threatening the restart, who threatening to restart their
attacks in the Red Sea.
Speaking to reporters aboard his plane before arriving, Rubio said that he and national
security body Mike Waltz would take stock of Ukraine's responses in Saudi Arabia.
So to see what they're trying to get, I'm sure I'm sure that he's trying to get money
(31:04):
from Saudi Arabia.
But unlike the U.S., right?
You know, the U.S. is relatively nice when we give away our money.
Places like Saudi Arabia, you pay for it.
They expect everything back, plus some.
And it may be in the form of money, it may be in the form of military assistance to them
in the future using Ukrainian mercenaries and what have you.
(31:27):
But places like that, you don't get their money for free, not even close.
And they should be getting American money for free, but we are nothing like those countries
that once you start dealing with them, you're not in a great shape, as it were.
Things are not going well for you if you have to start trying to take money from Saudi Arabia,
(31:49):
because there are a lot of things that come with those dollars.
So he said, that's all coming as the U.S. has paused its own assistance to them, and
that included intelligence sharing.
However, White House Special Envoy Steve Witkoff said on Monday that the pause of U.S. intelligence
(32:13):
sharing with Ukraine has not limited defense intelligence sharing.
I don't know what that means.
He said, we never shut off intelligence for anything defensive that Ukraine needs.
So I guess if they had information that Russia was attacking a certain place, they would
still tell them, but they wouldn't tell them about things that's going on in Russia to
enable them to take offensive action.
(32:35):
I'm guessing what he's getting out for there.
So again, this is all that was going down.
Like I said, Ukraine is not in a great position right now.
Like I said, after Zelensky's little spat with Donald Trump, that didn't set himself
(32:57):
off well.
But Donald Trump, like he said, he's willing to sign the deal.
Let's get this thing signed and let's get to peace.
And if there's anybody that can do it, it's the Trump administration.
They've been working tirelessly to do so.
The question is, can Ukraine put aside their own wants for exactly what they need?
(33:22):
Because you always don't get what you want, as the song goes.
All right.
I now want to move over to our next story.
We just have about five minutes or so to talk about stocks.
So yesterday, there was a huge stock roll off with stocks falling more than a thousand
(33:45):
points in the afternoon talks.
However, it raised just a little bit to closing down 890 points or 2.1 percent.
And this is coming after the tariff talks with Mexico, Canada and China.
(34:06):
And this is also coming as the Nasdaq is already in correction mode.
So one thing I've talked about before is the stock market has incredibly been inflated.
Part of that is because inflation itself, right?
Just based on pure inflation, it's going to increase.
(34:28):
But if you look at the state of our economy the last few years, the stock market just
did not follow it.
It's like it's in its own world.
While Americans were having to pay more for everything and spending less, the stock market
continued to go up.
And what that tells you is that there is a correction that is needed.
(34:49):
And sometimes those corrections can be heavy.
And so we're already in that mode of the stock market needs to be corrected.
And then you add on to the fact that these tariffs are going to happen, that is going
to send the stock market down.
That's how tariffs work.
There's no question about that.
And Donald Trump hasn't shied away from that either.
(35:13):
That's why I've said that tariffs in and of themselves have a hard time politically
because they take a little bit of short-term pain for a long-term gain, right?
That's the way tariffs work.
Of course it's going to hurt business.
It is going to.
There's no question about it.
But the idea being is that, yes, it's going to hurt businesses now, but that's going to
(35:38):
force businesses.
The whole idea is to hurt them.
That's the point of a tariff, right?
The point of the tariff is to hurt the businesses in order to force them to make changes to
better the country.
So that means that all the stuff they're getting from China, all that stuff that they're getting
right now, in order to avoid higher cost, then they have to invest and build factories
(36:06):
in the United States.
That takes time.
That takes years sometimes.
It's going to take years for that to happen.
But if you don't have the tariff, there is nothing incentivizing them to do it to begin
with.
So in the meantime, that means that goods, they're going to be subject to tariff.
(36:30):
They're going to be more expensive.
There's no doubt about it, right?
Again, that's what tariffs do.
It's going to make those goods more expensive.
They're going to pass that cost on to the customer, you.
But with the idea being that that means that if things are more expensive, customers are
going to be spending less, which could help inflation, mind you.
(36:53):
But two, that's going to force these companies to move their factories back to the United
States, which is then going to create jobs, which is then going to increase the economy.
But that is a long term solution, right?
And that's why it has to be pretty much a second term president to do something like
(37:15):
that because now they're saying recession, recession, recession.
We haven't had a recession since 2020.
Well, we actually have because we've had two periods, two quarters of negative growth.
But they said, oh, that's not actually a recession because other factors didn't do it.
It's like, OK, you just didn't want to call it a recession because it was politically
advantageous to not call it a recession, whatever.
(37:38):
But the thing is, you know, they're all client.
This is exactly why, again, why politicians have a hard time with tariffs is because,
oh, look, you're hurting the economy.
You're hurting the economy.
Look what you're doing.
This is what you want in American people.
Look, you voted this in.
Yes, we did.
We did vote this in.
We voted in someone who can pull out the bootstraps and say, you know what, we're going to we're
(38:04):
going to make things a little bit more difficult right now so that in the future we have a
better America.
And that means it's going to be tough for a while.
As Donald Trump said, we played it in his State of the Union.
Just hang with me, he said.
Just hang with me because it's going to happen.
You just got to give it time.
And so you got to put put away all of this crazy and that's being yelled out there by
(38:28):
all the pundits.
Oh, look what he's doing.
Look what he's doing.
He's hurting us.
No, this is to help the country.
We just got to hang with it for a while, get through it until we can start investing back
in this country.
All right, we have to take our last break.
We get back.
We'll do this day in history.
But keep it tuned to the full story on W.Y.A.B. 103.9.
All right, ladies and gentlemen, welcome back here to the full story on W.Y.A.B. 103.9.
(38:54):
As we do this day in history, we're going to run out of time here on the air, but this
will continue on for the live stream.
So on this day, March 11th, 1945 was one of the deadliest kamikaze attacks of World War
II as it struck the U.S. fleet off the coast of Japan as part of a desperate final months
of the Pacific War.
(39:15):
The target that day was the USS Randolph, which is CV-15, an Essex class aircraft carrier
stationed at Liutii Atoll, which is a major U.S. naval base in the Western Pacific.
That evening, a Japanese Yakusha P-1Y Francis twin-engine bomber repurposed for a kamikaze
suicide mission managed to slip past American defenses and crashed into the carrier's flight
(39:38):
deck.
The resulting explosion killed 25 crew members and injured over 100 more.
Though the damage was severe, the USS Randolph was not sunk and was quickly repaired, allowing
it to return to combat in the final months of the war.
So by early 1945, Japan was suffering heavy losses and conventional attacks against a
(39:59):
vastly superior U.S. fleet were proving ineffective.
The kamikaze, or divine wind, became a desperate military strategy where Japanese pilots would
deliberately crash their planes into Allied warships in an attempt to inflict maximum
damage, essentially using themselves as guided missiles.
(40:21):
The tactic first appeared in late 1944 during the Battle of Latiti Gulf, but by the time
of the Okinawa Campaign, kamikaze attacks had become a major threat, sinking or damaging
dozens of U.S. ships.
The attack on the USS Randolph was part of a broader wave of kamikaze strikes leading
up to the Battle of Okinawa, the bloodiest battle in the Pacific.
(40:45):
Just weeks later, thousands of kamikaze pilots would launch waves of suicide attacks in a
last-ditch effort to stop the U.S. advance on Japan.
And though the kamikaze attacks were terrifyingly effective at times, they failed to stop the
American advance and by August 1945, Japan had surrendered following the atomic bombings
of Hiroshima and Nagasaki, bringing World War II to an end.
(41:09):
But whenever they saw the kamikaze pilots, it was something that was definitely very
fearful.
Alright, that's all I have for you guys today.
We'll see you again tomorrow, but until then, my name is Matthew Bishop and you've heard
the full story.
Bye, bye, bye, baby bye bye.
I may be seeing you all around.
Good morning, ladies and gentlemen.
Welcome back here to The Full Story on WYAB 103.9 on this now Tuesday morning of the week
(00:29):
as we continue rolling on.
And the big story I want to talk about this morning is the peace talks that Ukraine and
the United States are now having in Saudi Arabia, which has weirdly been the place where
they've been.
(00:49):
That's where also the United States met with Russia just earlier in the year.
And this is all going on as there have been massive drone strikes in Moscow.
So trying to put pressure on Russia in that regard.
We'll talk about that.
What's going on in Saudi Arabia.
Obviously, we've been covering the Ukrainian conflict quite heavily here, as well as, of
(01:15):
course, the big spat between, I don't even want to really call it a spat.
It's really not even a spat.
It's just really, it's really just Zelensky making a fool of himself in the White House.
And then Donald Trump calling him on it.
And then Zelensky having to come back to grovel back to Donald Trump in the letter that he
mentioned in his State of the Union speech that we covered.
(01:38):
And obviously, Trump is moving forward.
No sign yet on the on the minerals deal, even though the Ukrainians said they were willing
to sign it.
But they're proposing potentially a limited ceasefire in that regard.
So we'll look at that.
Also looking at the drone strikes that are happening right now in Russia.
(02:04):
We got some we got some video for that for you guys, the ones that are watching on the
live stream.
We have the we have the actual some actual video of that, which should be pretty, pretty,
pretty good.
Then we're going to talk about the stock market a little bit.
(02:25):
We haven't talked about the stock market in a while, but obviously the markets have been
kind of crazy swings in the market with the announcement of tariffs, what how that could
affect the economy.
We've talked about the tariffs quite a bit here, but we haven't talked about the actual
effects on the economy, even though the tariffs haven't gone into full force.
(02:47):
Just the mention of them, the potential potentiality of them, what that has, how that can affect
the market and what how it's affecting the market right now.
And then if we have time, I want to talk a little bit about the taking down of a monument
in D.C. except this time it's not really a monument.
(03:08):
It's the big Black Lives Matter thing that was on the street.
If you can remember that, you know, they painted the big yellow Black Lives Matter right there,
not about a block, I guess, from the White House.
If I can find if I got my if I got my geography correct.
Yeah, it's still there.
Well, it won't be much longer, but it's just been sitting there ever since the whole protest
(03:31):
that they had there, which is kind of funny to have a Black Lives Matter protest in a
city that is majority black.
But whatever, especially when you run the when you when you it's almost like that is
a crazy, you know, if you got to if you got to if you had a majority black city that's
run by a majority of black people, for you to have a protest about Black Lives Matter
(03:54):
and about how you're oppressed, that's you know, it's it's just it's just a little weird
if you run the city yourself.
It's like, well, I mean, don't you don't you run the city now, D.C. in all fairness, is
not like most cities and that it's not completely autonomous.
I guess no city is really autonomous, but they have much less autonomy than most cities
because their laws and governance and everything else to mostly go through Congress and Congress
(04:17):
Congress runs a lot of what goes on in the city, or at least they have veto power over
it.
And of course, now with Republicans being in control of the House and the Senate, they
can start to correct them.
It is our nation's capital, after all.
That's why it is a federal enclave.
It is the reason you have that right is you don't necessarily want the city that can just
(04:42):
run itself and it's supposed to be our nation's capital because the nation's capital, you
want to make sure is safe.
It's pretty.
It's a place that the world can look to, you know, as a shining hill, right, as to put
on what Ronald Reagan talks about, because he meant that as a country as a whole.
But you need you need you need your you need your capital city to look and be safe, as
(05:09):
well as look professional, look an actual like a capital.
And of course, not only that, but make sure people are safe when visiting, not just not
just diplomats and things like that, but people in the country when they come to see their
capital.
They shouldn't be disgusted when they see their capital.
And it's, you know, outside of a few few places, they haven't done the best with that.
(05:35):
And things like seeing things like these, like this big yellow Black Lives Matter on
the road doesn't help things for people coming there.
So hopefully, like I said, starting to get back to common sense in D.C. and that's common
sense in D.C. as a whole.
Right.
That's what Donald Trump is wanting to bring in.
As I told, as I said in the beginning, this was supposed to be the return of common sense
(05:59):
and the return of unabashed conservatism or just, hey, here's how it's going to be.
Deal with it.
We got the votes.
Right.
We've been dealing with you for 12 of the last 16 years and we're tired of trying to
grovel to you when you never groveled to us or tried to work with us.
And so this is how it's going to be.
(06:20):
The American people have spoken and that's exactly what he's doing.
And like I said, there's no no apologies, no no holding back whatsoever.
But those are hopefully what we can all talk about this morning.
If you want to call in during during any of the breaks, number 601-879-0002.
Of course, like I said, we are running live on YouTube and Rumble as well.
(06:44):
So you can leave comments there as you said, as well as if you call during the break, we
can talk live on on those platforms and we can have a much more freer conversation.
All right.
So we're going to go ahead and take that first break, that early first break that we like
to take for get into our main story, which is going to be the peace talks in Ukraine.
(07:05):
Well, the peace talks in Saudi Arabia on Ukraine.
And if you want to call in during the break, number 601-879-0002.
Keep it tuned to the full story on W.I.A.B. 103.9.
All right, as you know, welcome back here to the full story on W.I.A.B. 103.9 as we
continue on.
And like I said, we've been covering the Ukrainian war quite often, quite a bit as we try to
(07:31):
cover mostly international news or it's international, but you know, it affects America quite a
bit more so than most people would like.
But because we one thing of us spending so much money there is that we can pretty much
direct how the ending of this thing can happen and really direct the ending to happen because
(07:53):
we have given so much money over to Ukraine.
They said about 40 percent of all of their war effort has come from us.
And, you know, with us saying we're going to withhold any kind of or withhold the military
aid to that, they lose 40 percent of their money and equipment.
It's pretty hard to to continue on.
(08:16):
So now high stakes talks between senior delegations from Ukraine and the United States on how
to end Kiev's three year war with Moscow opened in Saudi Arabia on Tuesday after hours of
negotiations.
So this happened as this happens hours after Russian air defenses shot down three hundred
(08:42):
and thirty seven Ukrainian drones over Russia.
Two people were killed and 19 were injured, including three children in the massive drone
attack that spanned 10 Russian regions.
No large scale damage, however, was reported.
So they shot down three hundred thirty seven drones, which which gave very little damage,
(09:06):
which makes me wonder, is that just posturing?
Because someone had to pay for those three hundred thirty seven drones.
You know, it's you know, I get you know, I get the kind of the I guess the emotional
or the mind games that may play with Russian citizens like, hey, these are Ukrainian drones
in our country.
Right.
(09:26):
So it's like, hey, this makes them nervous or try to make them nervous.
But if they shoot down all three hundred, if they shoot down three hundred thirty seven,
how many of them total there were.
But if they shoot down three hundred thirty seven of them and no large scale damage happens,
it's like, well, was that really the best use of those drones or were those have been
better used back on the battlefield in your country and defending your country?
(09:50):
I don't know.
But again, especially when other people are paying for those drones and you're not paying
for them, it's a it's a little bit of a little bit of a little bit of a nerve wracking thing.
Those things aren't cheap.
Right.
We're not talking cheap drones when we talk about these three hundred thirty seven.
You know, that's probably at least as probably close to a million dollars right there.
Just right down the drain, if not more.
(10:12):
So you just imagine like, hey, maybe people are thinking maybe that wasn't the best.
Maybe that's what's the best use of them.
But again, you know, that's not that's not that's not to discount the fact that that
has some kind of emotional impact or, you know, trying to trying to make the Russian
citizens scared or trying to make the Russian citizens try to push their government.
(10:33):
But obviously, they don't know what Russians are because Russians don't care.
Don't give a crap what their citizens think.
They'll do whatever they're Russia.
That's what they do.
You know, the people of Russia can not like the war all they want.
It's not going to stop.
And if you want to disagree with it, well, they'll just conscript you and send you the
front lines.
So that's like I said, maybe in a maybe in a democratically elected country, that would
(10:57):
work, but not in a place like Russia.
So in the Red Sea port of Jeddah, which is in Saudi Arabia, like I said, journalists
briefly entered a room where senior Ukrainian delegation met with Americans, top diplomats
for talks on ending Europe's biggest conflict since World War Two.
U.S. Secretary of State Marco Rubio was asked what his expectations for the meeting were,
(11:22):
and he gave a thumbs up and replied good.
What else would he say?
Ukrainian officials, including the country's top diplomat and defense chief, sat without
expression at a table across from the meeting, got underway at a luxury hotel.
There was no immediate comment from Ukrainian or U.S. officials on the drone attack.
(11:43):
However, Ukrainian presidential aide Andriy Yermak commented to reporters that the most
important thing was how to achieve a just and lasting peace in Ukraine.
He said security guarantees were important to prevent Russia from invading again in the
future in 2014, which was when Russia seized Crimea from Ukraine.
(12:04):
And again, nothing happened then.
That's the craziest thing.
Just how all of a sudden the Democrats were just fine with Russia invading Ukraine.
They did it a couple weeks ago.
We kind of went through the history of that, how they invaded, of course, Crimea without
(12:26):
opposition, didn't start a war.
They just took it over.
Then they, the same region here, the Donbas region in the eastern part of Ukraine, they've
been in there before, which caused a conflict, but we didn't get involved.
And only after this one, only when Biden was president did we start sending billions and
(12:48):
billions of dollars and starting to get involved.
And you wonder, you just wonder, one can wonder, I would say, that even President Obama didn't
do anything when this happened, when Russia was doing the same thing with Ukraine.
And then all of a sudden we know that there are connections between the Biden family and
(13:11):
contracts in Ukraine, the Ukrainian power companies, Hunter Biden sitting on the board
of one of them, the good old Hunter Biden who likes to do blow off hooker's stomachs,
that Hunter Biden.
It makes you wonder, right, is why all of a sudden did Democrats care?
They didn't care when they did it the first time under Obama, and Obama didn't do anything.
(13:34):
Of course there were no invasions under Donald Trump.
And then they invade again under Biden, and all of a sudden we're spending hundreds of
billions of dollars and everybody has to wear Ukrainian flags.
It's like, what's going on here?
Something's a little fishy about that.
And of course when Donald Trump asked about it during his administration, they tried to
(13:55):
impeach him.
How dare he ask on such things?
And I don't know if what, of course, Joe Biden pre-pardoned his son for any crimes or wrongdoings
that ever could have happened, right, which I've talked about needs to be tested, that
pardoning power needs to be tested.
(14:15):
But I would hope that one of the things while we're negotiating this with Ukraine is that,
hey, you have to give us all your records you have on the Bidens.
Everything you got on them, if you want us to help you out, we're going to need this
information.
And you can't hide it any longer.
I would hope that's part of it.
(14:37):
Just so the American people can know or get some truth of why their tax dollars just all
of a sudden had to be spent on Ukraine.
We didn't care the first time it happened.
First two times it happens, I should say.
There was Crimea and Donbass.
And all of a sudden, when Biden gets in there, we all of a sudden have to spend hundreds
of billions of dollars.
(14:58):
Just interesting enough, you know, just something to put out there.
A big question mark for you, if you will, of why that was on there.
And I hope, like you said, maybe through these talks we can finally get to that.
So Saudi Arabia's going back to the meeting, Saudi Arabia's foreign minister was on hand
for the talks as American, Saudi and Ukrainian flags stood in the background.
(15:22):
However, the official did not answer any of the questions from reporters.
Kremlin spokesman Dmitry Peskov said the United States will inform Russia about the results
of the Jetta talks, which he described as normal practice.
And this is something that's interesting because just overall talks are opening, right?
(15:43):
This never would have happened under the Democrats of Kamala Harris because they have some kind
of backroom deal to keep this thing going in perpetuity, right, with the military industrial
complex.
They have something going on with that.
But the fact is, is that both sides now are engaging in talks.
They're not engaging in talks with each other just yet.
(16:05):
But the United States is brokering a deal between both of them.
That's something that just wasn't going to happen under the Democrats, right?
That's something it was never going to happen.
It wasn't even talked about.
You know, peace was never talked about by the Democrats leading up to this.
It was never discussed about how we can come to an end of the war.
It's just that we got to support Ukraine.
(16:25):
We got to support Ukraine.
Never about, well, how do we, how can we support peace?
Because that's really what we should be supporting, right?
Is supporting peace.
Now again, my grand scheme of things is, is it never should have been involved in begin
with, and that's a European problem.
(16:46):
But now that we are involved and we are, you know, as I've talked about and conservative
estimates at least $200 billion in, Donald Trump puts a $350 billion number out there,
but just in the last couple of years, I know for a fact, 200 billion we've been involved,
then we need to, we need to get to a peace deal.
(17:09):
And Donald Trump, like he said, he promised that he would have an ending to this and they
have been working hard.
Again, it's, they've only been in office now, you know, not quite two months and we're already
talking about peace talks and he hasn't even been in power two months yet.
That's how quickly things are.
That's pretty quick to in the world it's been going on for what?
Four years.
So, and I mean, I guess even longer than that, if you want to count going all the way back
(17:35):
to Crimea.
So it's just interesting to think, right?
That how fast things have been moving.
So the talks offer an opportunity for Kiev officials to repair Ukraine's relationship
with the Trump administration after an unprecedented argument erupted during President Vladimir
(17:55):
Zelensky's February 28th visit to the White House.
Critically, Ukraine needs to persuade Ukraine.
I mean, Ukraine is persuade Ukraine.
Ukraine needs to persuade Washington to end the subsequent US suspension of military aid
and some intelligence sharing.
US officials have said that positive talks in Jeddah could mean it may be only a short
(18:20):
suspension.
So again, you do what we say, we'll support it until the end of the war and we'll support
that.
But you'll do it on a timeline.
This is not going to be forever.
This is only going to be until we can get to the end mark, right?
That is the only reason we have to support them a little bit further is in order, because
(18:46):
Ukraine knows this.
We just pull out.
If Ukraine doesn't want to heed to what we want, then Donald Trump just pulls out.
He shows how quickly he'll do it.
And if we pull out, they lose 40% of all their funding and equipment and military supplies,
then they are not in a good spot.
(19:06):
And the EU or Europe as a whole does not have the resources to make up for that.
They're already tapped out enough and their people are already tired of how much money
they're giving, right?
We've talked about that in Germany as there's been conservatives elected in places like
Germany and Italy and France is also their, I say conservative, I mean conservative-like
(19:33):
parties.
Again, conservatism means different things in Europe than it does here.
But I'm going to say parties that are more nationalist, more concerned about their own
internal affairs, and they've been getting more and more of those elected.
And that's something that their leaders are taking heed because they're starting to lose
(19:56):
power because of their support of Ukraine.
And they're in Europe, right?
They're actually in Europe.
And if I'm a European citizen, I can understand supporting Ukraine a little bit more just
because I don't want Russia coming after me and it seems like it's a great way to try
to fend that off.
But even there are people like, hey, what are we doing here?
(20:19):
Our people are hurting on the streets.
We've got all these migrants, very similar issues to the United States on a smaller scale
and on a different type of scale.
And so they have been losing.
Those globalists in those countries have been losing elections.
And we've been covering those elections here on the show.
And so that's causing them to have a, to have to come back a little bit.
(20:43):
And they know that if the United States pulls out, not only they not have the money, but
even if they did, it'd be a huge, huge stretch.
And then the people of their own country don't want to do that, right?
They would lose their jobs.
And what do politicians care more about anything else?
I don't care where the politician is, is keeping their job, right?
(21:06):
For as long as they can and keeping their hand on power as long as they can.
And this, as long as you, if Ukraine starts threatening that for them, they also may start
pulling out.
So Ukraine is right now, the outlook for them is not great because they absolutely cannot
(21:28):
get through without the United States.
They need, they need every single dollar from the United States to keep going.
And that's why they have to, they don't like, we'll talk with them, see what they want.
And they keep saying security guarantees.
I, you know, I don't know what they mean by that because if they're talking about brutes
(21:49):
on the ground or troops in, or like stationing troops in Ukraine, that's just not going to
happen.
That's a straight up no-go.
However, this goes back to now the, the minerals rights deal.
So the mineral rights deal, the, which was supposed to be the agreement with the United
(22:12):
States, which again was to give the United States access to Ukraine's rare earth minerals
that that you, that Zelensky was there in the White House to sign and that he screwed
the pooch on that one.
That is still not been signed.
However, on the plane to Jeddah, Rubio said the US delegation would, may sign the deal
(22:41):
in that time, but they are not going to, they're not going to really get into detail about
specific measures to secure an end to the three year deal.
But again, the security guarantee that you need is in that deal.
(23:01):
That's the security guarantee.
I've talked about that before.
And that's what they need to, that's what they need to sign to have any kind of security
measures because, you know, again, you look at, you look at our military and what's happened
over the last 70 years, you know, we're still, we still have troops in Germany, right?
(23:22):
We still have troops in Japan.
We still have troops in Korea.
Meanwhile, in the last, in the last, you know, few years we've had invasion on our southern
border.
And it's like, you know, what exactly, now they want troops in Ukraine and we have troops
(23:43):
in Poland as well.
We have, with a strong ally there, I will say that Donald Trump did see that from the
get go.
And that's how you keep Russia at bay is things like that, is having alliances with people
like Poland.
And it was funny because it was President Obama that they got rid of, it was called
(24:07):
Fifth Corps or V Corps, which is a whole army corps that was based in Europe.
And then Obama got rid of it saying, hey, we don't need it.
And it was Trump that reorganized it, right?
He said, no, I don't think we need to get rid of our corps in Europe.
And he reorganized V Corps back in Europe and to have a large military element available
(24:34):
in Europe.
And that's, that goes to deterrence, right?
And so that was something that Donald Trump did, right?
And I guess that's what's crazy to me is that, you know, the Democrats were getting out of
Europe.
They were getting out of Europe and then just real crazy 180 with President Biden and them
(24:58):
coming to like this heavy defense now.
We want to do everything in Europe.
We want to spend all these hundreds of billions of dollars in Europe just out of nowhere.
So Rubio told reporters who were accompanying him about the meeting, quote, I'm not going
to set any conditions on what they have to or need to do.
(25:20):
I think we want to listen to see how far they're willing to go and then compare that to what
the Russians want and see how far apart we truly are.
Rubio said the rare earths and critical minerals deal could be signed during the meeting, but
stressed it was not a precondition to the United States, for the United States to move
ahead with discussions with either Ukraine or the Russians.
(25:43):
He said it may in fact make more sense to take some time to negotiate the precise details
of the agreement, which is now a broad memorandum of understanding that leaves out many specifics,
which is not a bad, which I guess is not a bad idea.
Right.
Let's get down to specifics.
The brass tacks of that agreement because Ukraine needs for their sake.
(26:05):
They should want that because that's their security guarantee that they want.
Now Zelensky was there in Saudi Arabia.
However, he landed a few hours difference in Saudi Arabia and they did not meet each
other.
Now I'm going to go ahead and take another break right here.
(26:27):
When we get back, I want to talk about the Kremlin's response to that.
We have a couple more facts I want to cover on this.
And then I want to go into some of the stock market things and world markets as far as
the tariffs go.
If you want to call in during the break number 601-879-0002, keep it tuned to the full story
(26:48):
on WIAB 103.9.
All right, ladies and gentlemen, welcome back here to the full story on WIAB 103.9 as we
continue on.
And a couple more things I want to talk about on the Ukrainian issue before we get into
the stock market.
So the Kremlin in regards to this has not publicly offered, that's Russia, Kremlin,
(27:13):
has not publicly offered any concessions.
Russia said it's ready to cease hostilities on condition that Ukraine drops its bid to
join NATO and recognize regions that Moscow occupies as Russian or at least separate territories.
And Russia has captured nearly a fifth of Ukraine's territory since the war began.
(27:35):
Ukrainian forces have held the battlefield momentum, it seems like lately, even though
again it's always back and forth.
We never really get a true thing.
Whenever it's convenient, Russia has momentum.
And then whenever it's convenient, Ukraine has momentum.
I never really know it has momentum.
All we do know is that Russia occupies one fifth of the country.
(27:56):
So again, it's been according to Ukrainian sources, a high cost to Russians with the
600 mile front line, especially in the Donetsk region, in the Donbass region, all that area.
So most of Ukraine drones, like I said, that fired overnight were shot down as you just,
(28:20):
you know, you heard a little bit about there, killed now three people.
But 70 of those drones were in Moscow, which was the biggest single attack on Moscow so
far in the war.
But again, if the effectiveness is they all get shot down, you know, does that really
further your cause?
(28:41):
I mean, obviously it's just a posture move.
It has no actual military benefit.
Also, of course, targeting civilian buildings is not the best way to get you in the best
graces of the international people, I should say.
(29:08):
Not the best way to do it.
So outside of the attacks, Ukrainian officials told the Associated Press yesterday that they
will propose a ceasefire covering the Black Sea, which would bring safer shipping as well
as long range missile strikes that have hit civilians in Ukraine and the release of prisoners.
(29:35):
The officials who spoke on the condition of anonymity because they are not authorized
to speak publicly because they never are, also told the Associated Press that the Ukrainian
delegation is ready during the talks to sign that minerals agreement, even though I just
talked about Rubio said, hey, maybe we need to get specifics first before we start signing
(29:57):
anything.
The officials discussed the confidence building measures with no further details ahead of
the Ukrainian negotiating team's meeting with the U.S. Secretary of State Marco Rubio.
As I mentioned earlier, Zelensky landed after Rubio and did not meet with him.
However, he did meet with the kingdom's crown prince Monday evening with the president saying
(30:21):
that they had a detailed discussion on the steps and conditions needed to end the war
and secure a reliable and lasting peace.
Zelensky said online, quote, Saudi Arabia provides a crucial platform diplomacy and we appreciate
this.
He also met Crown Prince Mohammed bin Salman, thanking him for hosting the talks and also
(30:41):
discussing Yemen's Houthi rebels who are threatening the restart, who threatening to restart their
attacks in the Red Sea.
Speaking to reporters aboard his plane before arriving, Rubio said that he and national
security body Mike Waltz would take stock of Ukraine's responses in Saudi Arabia.
So to see what they're trying to get, I'm sure I'm sure that he's trying to get money
(31:04):
from Saudi Arabia.
But unlike the U.S., right?
You know, the U.S. is relatively nice when we give away our money.
Places like Saudi Arabia, you pay for it.
They expect everything back, plus some.
And it may be in the form of money, it may be in the form of military assistance to them
in the future using Ukrainian mercenaries and what have you.
(31:27):
But places like that, you don't get their money for free, not even close.
And they should be getting American money for free, but we are nothing like those countries
that once you start dealing with them, you're not in a great shape, as it were.
Things are not going well for you if you have to start trying to take money from Saudi Arabia,
(31:49):
because there are a lot of things that come with those dollars.
So he said, that's all coming as the U.S. has paused its own assistance to them, and
that included intelligence sharing.
However, White House Special Envoy Steve Witkoff said on Monday that the pause of U.S. intelligence
(32:13):
sharing with Ukraine has not limited defense intelligence sharing.
I don't know what that means.
He said, we never shut off intelligence for anything defensive that Ukraine needs.
So I guess if they had information that Russia was attacking a certain place, they would
still tell them, but they wouldn't tell them about things that's going on in Russia to
enable them to take offensive action.
(32:35):
I'm guessing what he's getting out for there.
So again, this is all that was going down.
Like I said, Ukraine is not in a great position right now.
Like I said, after Zelensky's little spat with Donald Trump, that didn't set himself
(32:57):
off well.
But Donald Trump, like he said, he's willing to sign the deal.
Let's get this thing signed and let's get to peace.
And if there's anybody that can do it, it's the Trump administration.
They've been working tirelessly to do so.
The question is, can Ukraine put aside their own wants for exactly what they need?
(33:22):
Because you always don't get what you want, as the song goes.
All right.
I now want to move over to our next story.
We just have about five minutes or so to talk about stocks.
So yesterday, there was a huge stock roll off with stocks falling more than a thousand
(33:45):
points in the afternoon talks.
However, it raised just a little bit to closing down 890 points or 2.1 percent.
And this is coming after the tariff talks with Mexico, Canada and China.
(34:06):
And this is also coming as the Nasdaq is already in correction mode.
So one thing I've talked about before is the stock market has incredibly been inflated.
Part of that is because inflation itself, right?
Just based on pure inflation, it's going to increase.
(34:28):
But if you look at the state of our economy the last few years, the stock market just
did not follow it.
It's like it's in its own world.
While Americans were having to pay more for everything and spending less, the stock market
continued to go up.
And what that tells you is that there is a correction that is needed.
(34:49):
And sometimes those corrections can be heavy.
And so we're already in that mode of the stock market needs to be corrected.
And then you add on to the fact that these tariffs are going to happen, that is going
to send the stock market down.
That's how tariffs work.
There's no question about that.
And Donald Trump hasn't shied away from that either.
(35:13):
That's why I've said that tariffs in and of themselves have a hard time politically
because they take a little bit of short-term pain for a long-term gain, right?
That's the way tariffs work.
Of course it's going to hurt business.
It is going to.
There's no question about it.
But the idea being is that, yes, it's going to hurt businesses now, but that's going to
(35:38):
force businesses.
The whole idea is to hurt them.
That's the point of a tariff, right?
The point of the tariff is to hurt the businesses in order to force them to make changes to
better the country.
So that means that all the stuff they're getting from China, all that stuff that they're getting
right now, in order to avoid higher cost, then they have to invest and build factories
(36:06):
in the United States.
That takes time.
That takes years sometimes.
It's going to take years for that to happen.
But if you don't have the tariff, there is nothing incentivizing them to do it to begin
with.
So in the meantime, that means that goods, they're going to be subject to tariff.
(36:30):
They're going to be more expensive.
There's no doubt about it, right?
Again, that's what tariffs do.
It's going to make those goods more expensive.
They're going to pass that cost on to the customer, you.
But with the idea being that that means that if things are more expensive, customers are
going to be spending less, which could help inflation, mind you.
(36:53):
But two, that's going to force these companies to move their factories back to the United
States, which is then going to create jobs, which is then going to increase the economy.
But that is a long term solution, right?
And that's why it has to be pretty much a second term president to do something like
(37:15):
that because now they're saying recession, recession, recession.
We haven't had a recession since 2020.
Well, we actually have because we've had two periods, two quarters of negative growth.
But they said, oh, that's not actually a recession because other factors didn't do it.
It's like, OK, you just didn't want to call it a recession because it was politically
advantageous to not call it a recession, whatever.
(37:38):
But the thing is, you know, they're all client.
This is exactly why, again, why politicians have a hard time with tariffs is because,
oh, look, you're hurting the economy.
You're hurting the economy.
Look what you're doing.
This is what you want in American people.
Look, you voted this in.
Yes, we did.
We did vote this in.
We voted in someone who can pull out the bootstraps and say, you know what, we're going to we're
(38:04):
going to make things a little bit more difficult right now so that in the future we have a
better America.
And that means it's going to be tough for a while.
As Donald Trump said, we played it in his State of the Union.
Just hang with me, he said.
Just hang with me because it's going to happen.
You just got to give it time.
And so you got to put put away all of this crazy and that's being yelled out there by
(38:28):
all the pundits.
Oh, look what he's doing.
Look what he's doing.
He's hurting us.
No, this is to help the country.
We just got to hang with it for a while, get through it until we can start investing back
in this country.
All right, we have to take our last break.
We get back.
We'll do this day in history.
But keep it tuned to the full story on W.Y.A.B. 103.9.
All right, ladies and gentlemen, welcome back here to the full story on W.Y.A.B. 103.9.
(38:54):
As we do this day in history, we're going to run out of time here on the air, but this
will continue on for the live stream.
So on this day, March 11th, 1945 was one of the deadliest kamikaze attacks of World War
II as it struck the U.S. fleet off the coast of Japan as part of a desperate final months
of the Pacific War.
(39:15):
The target that day was the USS Randolph, which is CV-15, an Essex class aircraft carrier
stationed at Liutii Atoll, which is a major U.S. naval base in the Western Pacific.
That evening, a Japanese Yakusha P-1Y Francis twin-engine bomber repurposed for a kamikaze
suicide mission managed to slip past American defenses and crashed into the carrier's flight
(39:38):
deck.
The resulting explosion killed 25 crew members and injured over 100 more.
Though the damage was severe, the USS Randolph was not sunk and was quickly repaired, allowing
it to return to combat in the final months of the war.
So by early 1945, Japan was suffering heavy losses and conventional attacks against a
(39:59):
vastly superior U.S. fleet were proving ineffective.
The kamikaze, or divine wind, became a desperate military strategy where Japanese pilots would
deliberately crash their planes into Allied warships in an attempt to inflict maximum
damage, essentially using themselves as guided missiles.
(40:21):
The tactic first appeared in late 1944 during the Battle of Latiti Gulf, but by the time
of the Okinawa Campaign, kamikaze attacks had become a major threat, sinking or damaging
dozens of U.S. ships.
The attack on the USS Randolph was part of a broader wave of kamikaze strikes leading
up to the Battle of Okinawa, the bloodiest battle in the Pacific.
(40:45):
Just weeks later, thousands of kamikaze pilots would launch waves of suicide attacks in a
last-ditch effort to stop the U.S. advance on Japan.
And though the kamikaze attacks were terrifyingly effective at times, they failed to stop the
American advance and by August 1945, Japan had surrendered following the atomic bombings
of Hiroshima and Nagasaki, bringing World War II to an end.
(41:09):
But whenever they saw the kamikaze pilots, it was something that was definitely very
fearful.
Alright, that's all I have for you guys today.
We'll see you again tomorrow, but until then, my name is Matthew Bishop and you've heard
the full story.
Bye, bye, bye, baby bye bye.
I may be seeing you all around.
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