May 20, 2025 • 30 mins
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Speaker 1 (00:04):
It's that time, time, time, time, luck and load.
Speaker 2 (00:11):
So Michael very Show is on the air. Hey, come on, man,
wake up. I've said it for years now. He's cogent.
But I undersold him when I said he was cogent.
Speaker 3 (00:23):
He's far beyond cogent. In fact, I think he's better
than he's ever been.
Speaker 2 (00:29):
And f you if you can't handle the truth.
Speaker 3 (00:33):
This version of Biden, intellectually, analytically is the best Biden ever,
not a close second. And I've known him for years.
The Presiskis have known him for fifty years.
Speaker 4 (00:48):
If it weren't the truth, I wouldn't say you.
Speaker 5 (01:03):
Were you rise sleep when time, do not cry?
Speaker 2 (01:10):
And that few if you can't handle the truth, and
I will sing another body.
Speaker 6 (01:15):
Joe Biden, he fell asleep today during a latest meeting
in Angola.
Speaker 7 (01:20):
What do you make of him falling asleep at.
Speaker 4 (01:22):
The table in front of the cameras?
Speaker 2 (01:24):
Is it disappointing for you?
Speaker 6 (01:26):
And Joe Biden is in Delaware sleeping right now in
one of his many estates, One of his many estates.
Speaker 2 (01:32):
How did he get so many houses? He never was anything?
He was a politician. I had a fundraiser in Virginia
last night.
Speaker 8 (01:52):
The President blamed his performance on jet lag, saying, quote,
I decided to travel around the world.
Speaker 2 (01:58):
A couple of times. Shortly before the.
Speaker 8 (02:00):
Debait, I didn't listen to my staff, and then I
almost fell asleep on stage.
Speaker 7 (02:21):
When the President of the United States gets a little
unscheduled shut eye, its eye opening for the.
Speaker 2 (02:27):
Press appearings had taken nap dozing.
Speaker 7 (02:30):
Even climate change couldn't compete with changing time zones and jetlag.
President Biden's eyelids dropped, then flickered open, then went down
for the count. A half minute or so later, an
aide came to the rescue and roused him. After barely
catching forty winks, he clapped and rubbed.
Speaker 2 (02:52):
His eyes and that you if you can't handle the truth,
(03:18):
you know what I'm missing. You grew up with clotheslines.
Speaker 6 (03:28):
My grandmother, who I called Nanny, was the last person
that I think I knew who still had a clothesline.
I'm sure there are people listening right now that have
a clothesline, but I just remember because there was a
point at which my mom got a washer dryer, and
then she wasn't using the clothesline anymore, and that was
(03:50):
a big deal. I mean, forget AI and all this
stuff that was technology. Man, When you didn't have to
take the clothes out and put them on the cloth anymore.
That was a woman's dream because it was typically the
woman doing that. Of course, everybody I knew growing up,
almost everybody the woman stayed home and the husband went
to work. That was just that was the plant worker
(04:11):
life in Orange, Texas. But it just felt so wholesome.
You know, you got the clothes pins. Those clothes pins
are funny.
Speaker 2 (04:20):
Use them.
Speaker 6 (04:21):
You clip everything, clip, put it on the dog's tail, anything.
So I just remember she would have the windows open
so she didn't have to run the air conditioning.
Speaker 2 (04:31):
And if a.
Speaker 6 (04:32):
Breeze came through and this guy got even the slightest
turn dark, oh, we got to get up and go
get to clothes off the clothesline. You got to get
the clothes off, the clothes on so they're not out
there in the rain. Oh, that would be the end
of the world. Or if you were in town. My
grandmother didn't drive, so if you were in town, Papa
or my mom had gir her into town. I'm there
(04:53):
and it looks like it might rain. I got to
get home. I got clothes on the line. Uh so wholesome.
Su such a nice memory. Well, there was a one
by the name of what's her first name or last
name is? Sheila Jones. She was an Army veteran. She'd
been a member of law enforcement for over thirty years
(05:17):
and on April twenty first, so almost exactly a month,
near eleven fifteen Congress downtown Houston, she was working as
security at the Family Law Center when an armed suspect
identified as Parnell Bland thirty four years old, was seen
walking toward the building. Officials say four Precinct one deputies,
(05:41):
including Sheila Jones, chased him. Once deputies made contact with him,
a shootout happened, and it started with him firing at
them then then returning fire. Sheila Jones was struck by
a bullet during the shootout, and responding officers shot the suspect.
Apparently the bulletproof vest is what saved her life that
(06:02):
she was wearing. Her constables saying we're extremely proud of
you and grateful for your speedy recovery after being shot
and wounded in the line of duty this past April
while protecting Harris. The people of Harris County at the
Downtown Courthouse Complex. Well, she is back to work, so
there is good news to be told. She is back
(06:22):
to work and we are very happy for her. Meanwhile,
Harris County Deputies Organization says they are racing for a
mass exodus as Houston City Council likely to approve HPD
pay raises. Jose Lopez, president of the Harris County Deputies Organization,
says they're already short staffed and it will be a
whole lot worse. And what's going to happen and everyone
(06:45):
knows it is You're going to have all these Harris
County sheriff's deputies leave, which will make crime even worse.
ABC thirteen with the story, thank you for coming down.
We've had many conversations through the through the years. I
appreciate what y'all do.
Speaker 9 (06:59):
Weeks after, the commissioners who were.
Speaker 6 (07:01):
Present, thank you for being here and thank y'all for
advocating for.
Speaker 2 (07:05):
This and the County judge.
Speaker 9 (07:06):
I hear you.
Speaker 3 (07:07):
I appreciate you.
Speaker 9 (07:08):
I you have the support, saying the same tune of
support at the last Commissioner's court meeting, Harris County Deputies
Organization President Jose Lopez says only three of them have
walked the wax.
Speaker 10 (07:21):
They quickly scheduled meetings and we sat down and they
heard us.
Speaker 9 (07:29):
Meeting with him to discuss deputy pay raises, his membership's
most pressing issue.
Speaker 2 (07:35):
He says.
Speaker 9 (07:36):
Commissioner Ellis's office hasn't responded Judge Heidalgo's office. It tells
ABC thirteen they are scheduling a meeting.
Speaker 2 (07:43):
Not aware of that.
Speaker 10 (07:45):
If that is something that they're working on, they definitely
haven't expressed it to us.
Speaker 9 (07:50):
If a police officer pay raise deal gets approved on Wednesday,
raising the base salary for HPD first year officers to seventy.
Speaker 2 (07:57):
Four, over whelmed, y'all that she was overwhelmed. It was
the we got a new hope. Everybody's up to that.
Speaker 6 (08:04):
I don't understand.
Speaker 2 (08:09):
The numbers. Damn it all right.
Speaker 8 (08:14):
This is Mark Chestnut and jar Bizaar of Talk Radio.
Speaker 6 (08:21):
The Trump administration has agreed to settle a lawsuit with
the family of Ashley Babbitt, who was shot by Michael Bird.
You will recall at the Capitol on January sixth, twenty
twenty one. President Trump has referred to her as a
(08:41):
martyr of January sixth and I think it's fair to
say she is, she was, she still is. I think
that her death is a very very powerful motif of
what and did not happen that day, a very very
(09:04):
powerful motif. President Trump spoke to Vladimir Putin yesterday and
Putin had demanded that the ceasefire that Trump had hoped for,
that there would be a ceasefire while they continued negotiations,
and Putin said, no, we're still going to shell them,
(09:27):
We're still going to roll the tanks on them, We're
still going to make them feel the pain, obviously in
order to expedite, accelerate, and hopefully conclude the negotiations and
the war. Both Putin and Trump had very kind things
to say about each other afterwards. Putin has never spoken
well of Joe Biden, and I am not a person
(09:49):
who thinks we're still living in nineteen seventy three, where
we've got Khrushaw for Resnev and we have to our
president has to speak ill of the russ leader. I
am a big believer that having good relations does not
mean that you are selling out to the leader of
another nation. I still believe in diplomacy, and I think
(10:11):
this president practices. It better than any of the Democrats
ever did. A career criminal. This is going to be
clip number. It says ten to eleven. Ramon free on
probations in two counties. So he's committed crimes and been
put on probation in two different counties. Arrested with a
sixteen year old He had been a wanted fugitive for
(10:32):
six months. The relatives of one of his victims blasting
Harris County Democrat Judge Chris Morton, there's that name again,
for repeatedly releasing him on bond despite his extensive criminal
record and the threats he makes against them, the family
of the victims.
Speaker 2 (10:52):
I wish Chris Morton's.
Speaker 6 (10:53):
Family had to go through what his victims have to
go through so that he would change his perspective. The
man has no empathy for victims, and the man has
no sense of justice.
Speaker 2 (11:07):
There is no sense of justice.
Speaker 6 (11:08):
He is allowing these awful criminals to continue to terrorize people.
It's a sickness. It's a sickness. On I'm not worried
about Damien Castillo. The guy's doing this. There will always
be bad guys. Put them in a cage. The only
person who can do. That is Chris Morton.
Speaker 2 (11:23):
Somebody's going to put him in a cage.
Speaker 6 (11:25):
Some family member is going to end up killing this
Damien Castillo, the bad guy. Somebody is going to stop
being his crime victim and do what the States should
have done. But this Chris Morton again, and this is
exactly what Rodney makes him do. So he's a good
little boy. He's a good, good little lap dog. Just
keep putting him back out on the street. It's a sick,
sick fetish Fox twenty six for the story.
Speaker 5 (11:45):
He has been a fugitive in three different counties since
October of twenty four.
Speaker 1 (11:51):
He is Damian Castillo at just twenty two. He's got
quite an array of monk shots. Damien Castillo's ex a
relative send an email. They are really in fear of
him getting in and out of jail.
Speaker 5 (12:04):
I don't blame him, just based on his criminal history
and his propensity to offend while he's on probation on bond.
Speaker 1 (12:10):
In that email, the victim's relatives point at two hundred
and thirtieth commanders in court Judge Chris Morton. They say
Morton kept granting Castillo bond after bond. Then they say
Castille would threaten the family. Every time he got out.
Speaker 5 (12:23):
He violated his probation umpteen the amount of times. He
had a lot of criminal charges, serious charges that were
ultimately dismissed at the request of the complaining witness.
Speaker 1 (12:33):
In twenty twenty two, Castillo was sentenced to five years
probation for deadly conduct. His repeated probation violations and new
criminal charges hasn't caused his probation to be revoked.
Speaker 2 (12:45):
Could Judge Morton have stopped all this?
Speaker 5 (12:47):
You could easily argue that the bond should have been
much much higher.
Speaker 1 (12:53):
Castillo was also on probation in Travis County for aggravated
assault with a deadly weapon the.
Speaker 5 (12:58):
Ankle miner ends up in a land phil and that
was in October of twenty four.
Speaker 1 (13:03):
On May sixth, pre Stinct four Constable Jempanies arrested Castile
for evading arrest. Deputies say he had two guns in
his possession and a sixteen.
Speaker 5 (13:12):
Year old girl. I mean, he's obviously a public safety risk.
He's certainly is a risk to the victim. He's a
risk to the community, and every time you release him
he ends up back either reoffending. In one form or
fashion in other words, So hopefully this is where the
buck stops tonight.
Speaker 1 (13:28):
Now, the DA's office has followed in motion.
Speaker 2 (13:30):
To whole Castillo without bond.
Speaker 1 (13:33):
On May twentieth, Judge Morton will decide if Castillo gets
yet another bond.
Speaker 6 (13:39):
Meanwhile, the County building at eleven to eleven Fannin has
been officially renamed and the signage is up for Sheila
Jackson Lee. Is there anything more fitting than a sign
that says Harris County Sheila Jackson Lee Administration building iris
to price The Harris County government is as efficient as
(14:06):
Shila Jackson Lee's thoughts, as orderly as her presentation as.
Speaker 5 (14:15):
Well.
Speaker 2 (14:15):
You get the point.
Speaker 6 (14:16):
Rodnie Ellis spearheaded the effort to name the building. This
is Uston Chronicle after Sheila Jackson Lee. He says, quote.
For nearly three decades, she served the eighteenth Congressional District
with unmatched commitment, energy and resolve. We keep hearing that
what a hard worker she was. The girl just wouldn't
(14:39):
give up. Whether it was championing human rights, expanding health
care access, fighting for racial and economic justice, or demanding
bold criminal justice reform. Sheila's actions were a testament to
her unwavering dedication to the cause is that she believed
(15:02):
in And then you've got another building that county commissioners
have recently voted to name in honor of Sylvester Turner.
There you got it, two of the stupidest, most corrupt
people to ever engage in politics in Texas.
Speaker 2 (15:24):
Abilities enjoy talk radio takes me by when I was
a kid.
Speaker 6 (15:34):
If you've never seen the video for this, I'm going
to assume you have because those of us from the
Golden Triangle, it's legendary because he insisted that it be
filmed in the town where he lives, Beaumont, Texas, not
in Nashville. Neither he nor Tracy Bird moved to Nashville.
Speaker 2 (15:55):
They stayed in Beaumont.
Speaker 6 (15:58):
And it gives a realistic sense because it's a real
place where it's being held. So I read this article
this morning. I wanted to share it with you. So
many people, so many of us, are in the oil
and gas Not me, but you.
Speaker 2 (16:15):
I said.
Speaker 6 (16:16):
The S and P five hundred put fears is from
the Wall Street Journal of Markets Newslet's one of the
newsletters I get every money.
Speaker 2 (16:22):
The S and P.
Speaker 6 (16:22):
Five hundred put fears about the trade war behind it
last week recouping all of its twenty twenty five losses.
Make sure we understand where we are. What was lost
has been regained in stock prices now without going too
far into the weeds, I am not a person that
(16:44):
believes that a rising stock market is necessarily a great thing,
because a stock market is buyers and sellers. So if
you are a young person coming out of school trying
to begin building a portfolio the stock, you can't buy
(17:05):
the dip when it's at the high it was before
Trump became president. So it's a complicated equation, but it
tends to be shorthand inefficiently or inaccurately for how well
the country's doing. But I'll take it because the perception
is for the teacher, police officer, firefighter, small businessman, plant worker.
(17:29):
When they get up and look online at their four
oh one k and it's back where it was, they
feel good. So Trump must be doing something right, all right.
But oil has been left in the dust and probably
won't catch up. The price of a barrel of crude
has fallen twelve percent to sixty five dollars and fifty
cents since President Trump's Liberation Day.
Speaker 2 (17:52):
We wanted to end inflation, right.
Speaker 6 (17:55):
Energy investors have gone from worrying that a trade war
could trigger a global recession and hurt oil demand to
fretting about supply.
Speaker 2 (18:04):
There's too much of it.
Speaker 6 (18:06):
The oil market already had too many barrels on its
hands this year. Remember what happens. Remember what happens if
demand remains the same and supply.
Speaker 2 (18:18):
Drops, price drops.
Speaker 6 (18:22):
Then Opex surprised the market in April by announcing it
would reverse its production curves faster than expected, releasing even
more oil. Opex in the hop is in the catbird
seat here because they can affect dramatically the price of
oil based on how much they release at any given time.
(18:43):
If they withhold, it drives the price up. If they dump,
it drives the price down. OPEK watchers were perplexed by
the timing and had competing theories about what was going on.
The Saudi lad cartel may be abandoning its year effort
to prop up the oil price to focus on winning
(19:04):
market share, or it is punishing members that constantly breach
their production quotas, like Kazakhstan. In other words, if Kazakhstan's
going to keep flooding the market beyond where they're supposed
to be. Then the Saudis are going to drive the
price down by releasing a bunch of oil. Another theory,
Rhad is trying to curry favor with President Trump, who
(19:25):
promised voters sub two dollars a gallon gasoline on the
campaign trail. Whatever the reason, it is a negative for
oil prices. If Trump can go over and get over
a trillion dollars worth of investment, if they're buying him
a four hundred million dollar plane.
Speaker 2 (19:43):
If they're playing.
Speaker 6 (19:46):
Ymca by the village people upon his arrival, yeah, I
think he can get them to adjust their output to
drive the price down so he can say to us, rightfully,
I gave you a gallon of gas for less.
Speaker 2 (20:01):
Than two dollars.
Speaker 6 (20:03):
And by the way, I will remind you in twenty twelve,
when Michelle Bachman was running for president, when we had
the whole group of them and Michelle Bokman, I think
she's from Minnesota. She's one that had fostered like almost
thirty kids. Not a lot is remembered about her campaign,
but what I remember is she said we could drive
(20:25):
oil prices under two dollars a gallon at the pump
for Americans and they laughed at her. Well, it ended
up happening. Unpredictable diplomacy is another wild card for investors.
The oil price fell two point four percent last Thursday
after President Trump said he is close to a deal
(20:47):
with Iran over its nuclear enrichment program. If they taunt
with Iran eventually leads to sanctions being lifted, even more
oil could hit the market because now the Iranis are going.
Speaker 2 (20:58):
To release theirs.
Speaker 6 (20:59):
The flips, according to Bernstein analyst Neil Beverage, would be
if Trump doesn't get what he wants from Tehran and
slaps additional sanctions on its oil exports. This would drain
some access supply, helping balance the market and boost energy prices.
Without the Irani oil on the market, then you're going
to have more oil released, except the White House probably
(21:20):
doesn't want a rally. Goldman Sachs analysts Don Struven analyze
the president's energy related social media posts since he joined
Twitter in.
Speaker 2 (21:28):
Two thousand and nine.
Speaker 6 (21:29):
He found that Trump is less likely to post about
oil sanctions once prices go above sixty dollars a barrel, because,
as you already know, if prices are going higher. Sanctions
would keep oil off the market, which would drive the
prices even higher. President Trump was the executive producer of
(21:50):
Celebrity Apprentice and The Apprentice. He understands messaging, he understands
consumption patterns, He understands the everyman better than any any
politician I've seen at that level, and he knows that
the price at the pump is going to affect people's
mindset as to whether the cost of living has gone
too high. The posts also suggest that his preferred oil prices,
(22:14):
based on benchmark US WTI prices, is between forty dollars
and fifty dollars a barrel. Energy makes up nine or
energy makes up eight percent of the US inflation basket.
A lower oil price could offset some of the inflation
that tariffs are expected to cause, easing strain on American consumers.
(22:38):
A rebound in the oil price looks unlikely if the
White House sees low energy costs as a safety valve
for chaotic trade policies. It's going to be interesting because
I wish I could show you the chart. We'll post
it in the blast today, but it shows the S
(22:59):
and P five hundred on upward trajectory and rent food
futures most active down dramatically, but it's good for us
at the pump. This is Tracy Baird and welcome to
the lifestyles of the not so rich and famous are as.
Speaker 2 (23:13):
I call it the Michael Berridge Show because man, that
says paris okay.
Speaker 6 (23:30):
Two stories that I think have an interesting contrast. The
growth that is occurring in the greater Houston area is
not what's called infill growth. It's not growth in the
downtown or Midtown or Washington Corridor. It's not in Uptown.
(23:54):
It's not in Near Town or Upper Kirby or green Point.
It is development that is almost exclusively occurring outside the
Beltway and beyond. The Woodlands has seen a massive amount
(24:15):
of growth and development over the last thirty years at
the expense of Houston. But I saw something interesting headline
Howard Hughes buys vacant office tower in the Woodlands for
sixteen point three million dollars. Howard Hughes Holdings is publicly
traded hhh is a is a big, big player in
(24:39):
the Woodlands. Like George Mitchell big It says they have
acquired a vacant building that will add to their growing
portfolio in the center of the Woodlands. The developer acquired
one oh one oh one Woodlock Forest Drive, formerly known
as the McKesson Building, for sixteen million dollars. Class A
building with two hundred thousand square feet of available office space,
(25:00):
will be renamed seven Waterway. The deal closed last week,
according to JLL major real estate company. The eight story
building sits on one point six acres seven hundred available
parking spaces in an adjacent garage. The garage is owned
by Howard Hughes Holdings under a perpetual parking agreement. The
newly purchased office towers across the street from Waterway Plaza two,
(25:21):
which Howard Hughes bought four nineteen point two million last June.
So I added to thinking it seemed odd an entire
office building two undred thousand square feet vacant in the Woodlands,
and it was built in two.
Speaker 2 (25:37):
Thousand and nine. This is not an old building.
Speaker 6 (25:41):
It was known as the McKesson Building for over a decade,
and US Oncology, a cancer care provider which is owned
by McKesson, was the primary, if not sole, tenant, So
they move out. Howard Hughes' Holdings has an interest in
(26:01):
preventing a large office building from going bad in the
Woodlands to protect their own investment. I don't know if
that's why they did it or not. You know, my
curiosity is not what is the state of the market
today visa v yesterday or tomorrow, our rates up or down.
What I'm more interested in is the overall trend of
(26:24):
are people going to go.
Speaker 2 (26:25):
Back to offices?
Speaker 6 (26:27):
Obviously some are, but what percentage of jobs are never
going back to an office at all? What percentage of
companies are going to shrink their footprint and that that
will never go back, and what percentage of the next
phase of companies coming out will never actually grow office
(26:47):
space beyond twenty thousand square feet or whatever. I read
Uston Business Journal every day for big tenant movings, and
I will tell you that Withinway Plaza, Downtown, Energy Corridor,
and Uptown, it seems to me that the group that
is making the most moves in office space is law firms.
Speaker 2 (27:12):
And I would argue that's probably.
Speaker 6 (27:13):
Not typical, not what it would have been before. But
in any case, here's the part I thought was interesting.
The Woodlands continues to be one of the stronger sub
markets of the Houston area. In the first quarter, the
Woodlands had a fifteen point eight percent office vacancy rate,
so one in six square feet was vacant. I don't
(27:37):
know what that compares to for the Woodlands in the past,
but that is more than twelve percentage points lower than
Houston's overall rate of twenty seven point nine, which means
Houston's basically at twenty eight percent, which is almost a third.
That has to be historically, that has to go back
to early eighties, you know, oil crisis, stay alive till
(28:01):
eighty five level vacancy rates. However, the sub market's net
absorption was negative one hundred nine eight hundred and fifty
five negative one hundred ten thousand square feet for Q
one I. The Houston economy, in the greater Houston economy
is doing fine. This tells me that you are seeing
(28:25):
a reckoning in terms of a cultural pattern that a
lot of people are in companies are not going back
to office spaces, and if they do, they're shrinkage. They're
going to have flex space where you go into an office,
but it's not a dedicated office. The old days of
everybody having an office, even if you know your semi retired.
Speaker 2 (28:48):
I think you're seeing that.
Speaker 6 (28:49):
I think you're seeing the cost of real estate as
an expense to a company shrinking. And I think it's
part of a bigger trend of the way labor is
viewed as a massive expense labor and the cost of
the real estate for each person to have the perks
of their own office and a kitchen for the group,
(29:10):
and all that. I think you're seeing that shrink and
go away altogether. Now add to that a little different
story headline one billion dollar town center development planned for Magnolia.
Speaker 2 (29:25):
This is the equivalent of.
Speaker 6 (29:28):
The town park and shopping district in Magnolia, which used
to be almost exclusive, exclusively residential. I think what you're
seeing here again bigger cultural tectonic changes, is people in
Magnolia no longer want to go into town to go
to dinner, to go to a show, to go to
(29:50):
an outdoor concert. What you're seeing is that Magnolia has
hit a critical mass, much to the chagrin of people
who lived there before and don't like to change. What
you're seeing, just as you did in sugar Land, just
as you did in the Woodlands, is these people don't
want to come into the city anymore. And that's going
to further hurt the city of Houston, which crime being
(30:12):
the number one issue. People don't want to come into
the city anymore. And you're going to see more and
more of this sort of thing, a billion dollar town
center development in Magnolia. You've got people in sugar Land
with their own town center, You've got the Woodlands with
their got It's going to hurt. It's going to hurt
(30:34):
the city of Houston. I'm trying to get too much
into this segment, but I think you can see the
trend here.
Speaker 2 (30:39):
You're going to be.
Speaker 6 (30:40):
Left, as you have with Chicago Detroit. You're going to
be left with a hull in the middle that is
burned out.
It's that time, time, time, time, luck and load.
Speaker 2 (00:11):
So Michael very Show is on the air. Hey, come on, man,
wake up. I've said it for years now. He's cogent.
But I undersold him when I said he was cogent.
Speaker 3 (00:23):
He's far beyond cogent. In fact, I think he's better
than he's ever been.
Speaker 2 (00:29):
And f you if you can't handle the truth.
Speaker 3 (00:33):
This version of Biden, intellectually, analytically is the best Biden ever,
not a close second. And I've known him for years.
The Presiskis have known him for fifty years.
Speaker 4 (00:48):
If it weren't the truth, I wouldn't say you.
Speaker 5 (01:03):
Were you rise sleep when time, do not cry?
Speaker 2 (01:10):
And that few if you can't handle the truth, and
I will sing another body.
Speaker 6 (01:15):
Joe Biden, he fell asleep today during a latest meeting
in Angola.
Speaker 7 (01:20):
What do you make of him falling asleep at.
Speaker 4 (01:22):
The table in front of the cameras?
Speaker 2 (01:24):
Is it disappointing for you?
Speaker 6 (01:26):
And Joe Biden is in Delaware sleeping right now in
one of his many estates, One of his many estates.
Speaker 2 (01:32):
How did he get so many houses? He never was anything?
He was a politician. I had a fundraiser in Virginia
last night.
Speaker 8 (01:52):
The President blamed his performance on jet lag, saying, quote,
I decided to travel around the world.
Speaker 2 (01:58):
A couple of times. Shortly before the.
Speaker 8 (02:00):
Debait, I didn't listen to my staff, and then I
almost fell asleep on stage.
Speaker 7 (02:21):
When the President of the United States gets a little
unscheduled shut eye, its eye opening for the.
Speaker 2 (02:27):
Press appearings had taken nap dozing.
Speaker 7 (02:30):
Even climate change couldn't compete with changing time zones and jetlag.
President Biden's eyelids dropped, then flickered open, then went down
for the count. A half minute or so later, an
aide came to the rescue and roused him. After barely
catching forty winks, he clapped and rubbed.
Speaker 2 (02:52):
His eyes and that you if you can't handle the truth,
(03:18):
you know what I'm missing. You grew up with clotheslines.
Speaker 6 (03:28):
My grandmother, who I called Nanny, was the last person
that I think I knew who still had a clothesline.
I'm sure there are people listening right now that have
a clothesline, but I just remember because there was a
point at which my mom got a washer dryer, and
then she wasn't using the clothesline anymore, and that was
(03:50):
a big deal. I mean, forget AI and all this
stuff that was technology. Man, When you didn't have to
take the clothes out and put them on the cloth anymore.
That was a woman's dream because it was typically the
woman doing that. Of course, everybody I knew growing up,
almost everybody the woman stayed home and the husband went
to work. That was just that was the plant worker
(04:11):
life in Orange, Texas. But it just felt so wholesome.
You know, you got the clothes pins. Those clothes pins
are funny.
Speaker 2 (04:20):
Use them.
Speaker 6 (04:21):
You clip everything, clip, put it on the dog's tail, anything.
So I just remember she would have the windows open
so she didn't have to run the air conditioning.
Speaker 2 (04:31):
And if a.
Speaker 6 (04:32):
Breeze came through and this guy got even the slightest
turn dark, oh, we got to get up and go
get to clothes off the clothesline. You got to get
the clothes off, the clothes on so they're not out
there in the rain. Oh, that would be the end
of the world. Or if you were in town. My
grandmother didn't drive, so if you were in town, Papa
or my mom had gir her into town. I'm there
(04:53):
and it looks like it might rain. I got to
get home. I got clothes on the line. Uh so wholesome.
Su such a nice memory. Well, there was a one
by the name of what's her first name or last
name is? Sheila Jones. She was an Army veteran. She'd
been a member of law enforcement for over thirty years
(05:17):
and on April twenty first, so almost exactly a month,
near eleven fifteen Congress downtown Houston, she was working as
security at the Family Law Center when an armed suspect
identified as Parnell Bland thirty four years old, was seen
walking toward the building. Officials say four Precinct one deputies,
(05:41):
including Sheila Jones, chased him. Once deputies made contact with him,
a shootout happened, and it started with him firing at
them then then returning fire. Sheila Jones was struck by
a bullet during the shootout, and responding officers shot the suspect.
Apparently the bulletproof vest is what saved her life that
(06:02):
she was wearing. Her constables saying we're extremely proud of
you and grateful for your speedy recovery after being shot
and wounded in the line of duty this past April
while protecting Harris. The people of Harris County at the
Downtown Courthouse Complex. Well, she is back to work, so
there is good news to be told. She is back
(06:22):
to work and we are very happy for her. Meanwhile,
Harris County Deputies Organization says they are racing for a
mass exodus as Houston City Council likely to approve HPD
pay raises. Jose Lopez, president of the Harris County Deputies Organization,
says they're already short staffed and it will be a
whole lot worse. And what's going to happen and everyone
(06:45):
knows it is You're going to have all these Harris
County sheriff's deputies leave, which will make crime even worse.
ABC thirteen with the story, thank you for coming down.
We've had many conversations through the through the years. I
appreciate what y'all do.
Speaker 9 (06:59):
Weeks after, the commissioners who were.
Speaker 6 (07:01):
Present, thank you for being here and thank y'all for
advocating for.
Speaker 2 (07:05):
This and the County judge.
Speaker 9 (07:06):
I hear you.
Speaker 3 (07:07):
I appreciate you.
Speaker 9 (07:08):
I you have the support, saying the same tune of
support at the last Commissioner's court meeting, Harris County Deputies
Organization President Jose Lopez says only three of them have
walked the wax.
Speaker 10 (07:21):
They quickly scheduled meetings and we sat down and they
heard us.
Speaker 9 (07:29):
Meeting with him to discuss deputy pay raises, his membership's
most pressing issue.
Speaker 2 (07:35):
He says.
Speaker 9 (07:36):
Commissioner Ellis's office hasn't responded Judge Heidalgo's office. It tells
ABC thirteen they are scheduling a meeting.
Speaker 2 (07:43):
Not aware of that.
Speaker 10 (07:45):
If that is something that they're working on, they definitely
haven't expressed it to us.
Speaker 9 (07:50):
If a police officer pay raise deal gets approved on Wednesday,
raising the base salary for HPD first year officers to seventy.
Speaker 2 (07:57):
Four, over whelmed, y'all that she was overwhelmed. It was
the we got a new hope. Everybody's up to that.
Speaker 6 (08:04):
I don't understand.
Speaker 2 (08:09):
The numbers. Damn it all right.
Speaker 8 (08:14):
This is Mark Chestnut and jar Bizaar of Talk Radio.
Speaker 6 (08:21):
The Trump administration has agreed to settle a lawsuit with
the family of Ashley Babbitt, who was shot by Michael Bird.
You will recall at the Capitol on January sixth, twenty
twenty one. President Trump has referred to her as a
(08:41):
martyr of January sixth and I think it's fair to
say she is, she was, she still is. I think
that her death is a very very powerful motif of
what and did not happen that day, a very very
(09:04):
powerful motif. President Trump spoke to Vladimir Putin yesterday and
Putin had demanded that the ceasefire that Trump had hoped for,
that there would be a ceasefire while they continued negotiations,
and Putin said, no, we're still going to shell them,
(09:27):
We're still going to roll the tanks on them, We're
still going to make them feel the pain, obviously in
order to expedite, accelerate, and hopefully conclude the negotiations and
the war. Both Putin and Trump had very kind things
to say about each other afterwards. Putin has never spoken
well of Joe Biden, and I am not a person
(09:49):
who thinks we're still living in nineteen seventy three, where
we've got Khrushaw for Resnev and we have to our
president has to speak ill of the russ leader. I
am a big believer that having good relations does not
mean that you are selling out to the leader of
another nation. I still believe in diplomacy, and I think
(10:11):
this president practices. It better than any of the Democrats
ever did. A career criminal. This is going to be
clip number. It says ten to eleven. Ramon free on
probations in two counties. So he's committed crimes and been
put on probation in two different counties. Arrested with a
sixteen year old He had been a wanted fugitive for
(10:32):
six months. The relatives of one of his victims blasting
Harris County Democrat Judge Chris Morton, there's that name again,
for repeatedly releasing him on bond despite his extensive criminal
record and the threats he makes against them, the family
of the victims.
Speaker 2 (10:52):
I wish Chris Morton's.
Speaker 6 (10:53):
Family had to go through what his victims have to
go through so that he would change his perspective. The
man has no empathy for victims, and the man has
no sense of justice.
Speaker 2 (11:07):
There is no sense of justice.
Speaker 6 (11:08):
He is allowing these awful criminals to continue to terrorize people.
It's a sickness. It's a sickness. On I'm not worried
about Damien Castillo. The guy's doing this. There will always
be bad guys. Put them in a cage. The only
person who can do. That is Chris Morton.
Speaker 2 (11:23):
Somebody's going to put him in a cage.
Speaker 6 (11:25):
Some family member is going to end up killing this
Damien Castillo, the bad guy. Somebody is going to stop
being his crime victim and do what the States should
have done. But this Chris Morton again, and this is
exactly what Rodney makes him do. So he's a good
little boy. He's a good, good little lap dog. Just
keep putting him back out on the street. It's a sick,
sick fetish Fox twenty six for the story.
Speaker 5 (11:45):
He has been a fugitive in three different counties since
October of twenty four.
Speaker 1 (11:51):
He is Damian Castillo at just twenty two. He's got
quite an array of monk shots. Damien Castillo's ex a
relative send an email. They are really in fear of
him getting in and out of jail.
Speaker 5 (12:04):
I don't blame him, just based on his criminal history
and his propensity to offend while he's on probation on bond.
Speaker 1 (12:10):
In that email, the victim's relatives point at two hundred
and thirtieth commanders in court Judge Chris Morton. They say
Morton kept granting Castillo bond after bond. Then they say
Castille would threaten the family. Every time he got out.
Speaker 5 (12:23):
He violated his probation umpteen the amount of times. He
had a lot of criminal charges, serious charges that were
ultimately dismissed at the request of the complaining witness.
Speaker 1 (12:33):
In twenty twenty two, Castillo was sentenced to five years
probation for deadly conduct. His repeated probation violations and new
criminal charges hasn't caused his probation to be revoked.
Speaker 2 (12:45):
Could Judge Morton have stopped all this?
Speaker 5 (12:47):
You could easily argue that the bond should have been
much much higher.
Speaker 1 (12:53):
Castillo was also on probation in Travis County for aggravated
assault with a deadly weapon the.
Speaker 5 (12:58):
Ankle miner ends up in a land phil and that
was in October of twenty four.
Speaker 1 (13:03):
On May sixth, pre Stinct four Constable Jempanies arrested Castile
for evading arrest. Deputies say he had two guns in
his possession and a sixteen.
Speaker 5 (13:12):
Year old girl. I mean, he's obviously a public safety risk.
He's certainly is a risk to the victim. He's a
risk to the community, and every time you release him
he ends up back either reoffending. In one form or
fashion in other words, So hopefully this is where the
buck stops tonight.
Speaker 1 (13:28):
Now, the DA's office has followed in motion.
Speaker 2 (13:30):
To whole Castillo without bond.
Speaker 1 (13:33):
On May twentieth, Judge Morton will decide if Castillo gets
yet another bond.
Speaker 6 (13:39):
Meanwhile, the County building at eleven to eleven Fannin has
been officially renamed and the signage is up for Sheila
Jackson Lee. Is there anything more fitting than a sign
that says Harris County Sheila Jackson Lee Administration building iris
to price The Harris County government is as efficient as
(14:06):
Shila Jackson Lee's thoughts, as orderly as her presentation as.
Speaker 5 (14:15):
Well.
Speaker 2 (14:15):
You get the point.
Speaker 6 (14:16):
Rodnie Ellis spearheaded the effort to name the building. This
is Uston Chronicle after Sheila Jackson Lee. He says, quote.
For nearly three decades, she served the eighteenth Congressional District
with unmatched commitment, energy and resolve. We keep hearing that
what a hard worker she was. The girl just wouldn't
(14:39):
give up. Whether it was championing human rights, expanding health
care access, fighting for racial and economic justice, or demanding
bold criminal justice reform. Sheila's actions were a testament to
her unwavering dedication to the cause is that she believed
(15:02):
in And then you've got another building that county commissioners
have recently voted to name in honor of Sylvester Turner.
There you got it, two of the stupidest, most corrupt
people to ever engage in politics in Texas.
Speaker 2 (15:24):
Abilities enjoy talk radio takes me by when I was
a kid.
Speaker 6 (15:34):
If you've never seen the video for this, I'm going
to assume you have because those of us from the
Golden Triangle, it's legendary because he insisted that it be
filmed in the town where he lives, Beaumont, Texas, not
in Nashville. Neither he nor Tracy Bird moved to Nashville.
Speaker 2 (15:55):
They stayed in Beaumont.
Speaker 6 (15:58):
And it gives a realistic sense because it's a real
place where it's being held. So I read this article
this morning. I wanted to share it with you. So
many people, so many of us, are in the oil
and gas Not me, but you.
Speaker 2 (16:15):
I said.
Speaker 6 (16:16):
The S and P five hundred put fears is from
the Wall Street Journal of Markets Newslet's one of the
newsletters I get every money.
Speaker 2 (16:22):
The S and P.
Speaker 6 (16:22):
Five hundred put fears about the trade war behind it
last week recouping all of its twenty twenty five losses.
Make sure we understand where we are. What was lost
has been regained in stock prices now without going too
far into the weeds, I am not a person that
(16:44):
believes that a rising stock market is necessarily a great thing,
because a stock market is buyers and sellers. So if
you are a young person coming out of school trying
to begin building a portfolio the stock, you can't buy
(17:05):
the dip when it's at the high it was before
Trump became president. So it's a complicated equation, but it
tends to be shorthand inefficiently or inaccurately for how well
the country's doing. But I'll take it because the perception
is for the teacher, police officer, firefighter, small businessman, plant worker.
(17:29):
When they get up and look online at their four
oh one k and it's back where it was, they
feel good. So Trump must be doing something right, all right.
But oil has been left in the dust and probably
won't catch up. The price of a barrel of crude
has fallen twelve percent to sixty five dollars and fifty
cents since President Trump's Liberation Day.
Speaker 2 (17:52):
We wanted to end inflation, right.
Speaker 6 (17:55):
Energy investors have gone from worrying that a trade war
could trigger a global recession and hurt oil demand to
fretting about supply.
Speaker 2 (18:04):
There's too much of it.
Speaker 6 (18:06):
The oil market already had too many barrels on its
hands this year. Remember what happens. Remember what happens if
demand remains the same and supply.
Speaker 2 (18:18):
Drops, price drops.
Speaker 6 (18:22):
Then Opex surprised the market in April by announcing it
would reverse its production curves faster than expected, releasing even
more oil. Opex in the hop is in the catbird
seat here because they can affect dramatically the price of
oil based on how much they release at any given time.
(18:43):
If they withhold, it drives the price up. If they dump,
it drives the price down. OPEK watchers were perplexed by
the timing and had competing theories about what was going on.
The Saudi lad cartel may be abandoning its year effort
to prop up the oil price to focus on winning
(19:04):
market share, or it is punishing members that constantly breach
their production quotas, like Kazakhstan. In other words, if Kazakhstan's
going to keep flooding the market beyond where they're supposed
to be. Then the Saudis are going to drive the
price down by releasing a bunch of oil. Another theory,
Rhad is trying to curry favor with President Trump, who
(19:25):
promised voters sub two dollars a gallon gasoline on the
campaign trail. Whatever the reason, it is a negative for
oil prices. If Trump can go over and get over
a trillion dollars worth of investment, if they're buying him
a four hundred million dollar plane.
Speaker 2 (19:43):
If they're playing.
Speaker 6 (19:46):
Ymca by the village people upon his arrival, yeah, I
think he can get them to adjust their output to
drive the price down so he can say to us, rightfully,
I gave you a gallon of gas for less.
Speaker 2 (20:01):
Than two dollars.
Speaker 6 (20:03):
And by the way, I will remind you in twenty twelve,
when Michelle Bachman was running for president, when we had
the whole group of them and Michelle Bokman, I think
she's from Minnesota. She's one that had fostered like almost
thirty kids. Not a lot is remembered about her campaign,
but what I remember is she said we could drive
(20:25):
oil prices under two dollars a gallon at the pump
for Americans and they laughed at her. Well, it ended
up happening. Unpredictable diplomacy is another wild card for investors.
The oil price fell two point four percent last Thursday
after President Trump said he is close to a deal
(20:47):
with Iran over its nuclear enrichment program. If they taunt
with Iran eventually leads to sanctions being lifted, even more
oil could hit the market because now the Iranis are going.
Speaker 2 (20:58):
To release theirs.
Speaker 6 (20:59):
The flips, according to Bernstein analyst Neil Beverage, would be
if Trump doesn't get what he wants from Tehran and
slaps additional sanctions on its oil exports. This would drain
some access supply, helping balance the market and boost energy prices.
Without the Irani oil on the market, then you're going
to have more oil released, except the White House probably
(21:20):
doesn't want a rally. Goldman Sachs analysts Don Struven analyze
the president's energy related social media posts since he joined
Twitter in.
Speaker 2 (21:28):
Two thousand and nine.
Speaker 6 (21:29):
He found that Trump is less likely to post about
oil sanctions once prices go above sixty dollars a barrel, because,
as you already know, if prices are going higher. Sanctions
would keep oil off the market, which would drive the
prices even higher. President Trump was the executive producer of
(21:50):
Celebrity Apprentice and The Apprentice. He understands messaging, he understands
consumption patterns, He understands the everyman better than any any
politician I've seen at that level, and he knows that
the price at the pump is going to affect people's
mindset as to whether the cost of living has gone
too high. The posts also suggest that his preferred oil prices,
(22:14):
based on benchmark US WTI prices, is between forty dollars
and fifty dollars a barrel. Energy makes up nine or
energy makes up eight percent of the US inflation basket.
A lower oil price could offset some of the inflation
that tariffs are expected to cause, easing strain on American consumers.
(22:38):
A rebound in the oil price looks unlikely if the
White House sees low energy costs as a safety valve
for chaotic trade policies. It's going to be interesting because
I wish I could show you the chart. We'll post
it in the blast today, but it shows the S
(22:59):
and P five hundred on upward trajectory and rent food
futures most active down dramatically, but it's good for us
at the pump. This is Tracy Baird and welcome to
the lifestyles of the not so rich and famous are as.
Speaker 2 (23:13):
I call it the Michael Berridge Show because man, that
says paris okay.
Speaker 6 (23:30):
Two stories that I think have an interesting contrast. The
growth that is occurring in the greater Houston area is
not what's called infill growth. It's not growth in the
downtown or Midtown or Washington Corridor. It's not in Uptown.
(23:54):
It's not in Near Town or Upper Kirby or green Point.
It is development that is almost exclusively occurring outside the
Beltway and beyond. The Woodlands has seen a massive amount
(24:15):
of growth and development over the last thirty years at
the expense of Houston. But I saw something interesting headline
Howard Hughes buys vacant office tower in the Woodlands for
sixteen point three million dollars. Howard Hughes Holdings is publicly
traded hhh is a is a big, big player in
(24:39):
the Woodlands. Like George Mitchell big It says they have
acquired a vacant building that will add to their growing
portfolio in the center of the Woodlands. The developer acquired
one oh one oh one Woodlock Forest Drive, formerly known
as the McKesson Building, for sixteen million dollars. Class A
building with two hundred thousand square feet of available office space,
(25:00):
will be renamed seven Waterway. The deal closed last week,
according to JLL major real estate company. The eight story
building sits on one point six acres seven hundred available
parking spaces in an adjacent garage. The garage is owned
by Howard Hughes Holdings under a perpetual parking agreement. The
newly purchased office towers across the street from Waterway Plaza two,
(25:21):
which Howard Hughes bought four nineteen point two million last June.
So I added to thinking it seemed odd an entire
office building two undred thousand square feet vacant in the Woodlands,
and it was built in two.
Speaker 2 (25:37):
Thousand and nine. This is not an old building.
Speaker 6 (25:41):
It was known as the McKesson Building for over a decade,
and US Oncology, a cancer care provider which is owned
by McKesson, was the primary, if not sole, tenant, So
they move out. Howard Hughes' Holdings has an interest in
(26:01):
preventing a large office building from going bad in the
Woodlands to protect their own investment. I don't know if
that's why they did it or not. You know, my
curiosity is not what is the state of the market
today visa v yesterday or tomorrow, our rates up or down.
What I'm more interested in is the overall trend of
(26:24):
are people going to go.
Speaker 2 (26:25):
Back to offices?
Speaker 6 (26:27):
Obviously some are, but what percentage of jobs are never
going back to an office at all? What percentage of
companies are going to shrink their footprint and that that
will never go back, and what percentage of the next
phase of companies coming out will never actually grow office
(26:47):
space beyond twenty thousand square feet or whatever. I read
Uston Business Journal every day for big tenant movings, and
I will tell you that Withinway Plaza, Downtown, Energy Corridor,
and Uptown, it seems to me that the group that
is making the most moves in office space is law firms.
Speaker 2 (27:12):
And I would argue that's probably.
Speaker 6 (27:13):
Not typical, not what it would have been before. But
in any case, here's the part I thought was interesting.
The Woodlands continues to be one of the stronger sub
markets of the Houston area. In the first quarter, the
Woodlands had a fifteen point eight percent office vacancy rate,
so one in six square feet was vacant. I don't
(27:37):
know what that compares to for the Woodlands in the past,
but that is more than twelve percentage points lower than
Houston's overall rate of twenty seven point nine, which means
Houston's basically at twenty eight percent, which is almost a third.
That has to be historically, that has to go back
to early eighties, you know, oil crisis, stay alive till
(28:01):
eighty five level vacancy rates. However, the sub market's net
absorption was negative one hundred nine eight hundred and fifty
five negative one hundred ten thousand square feet for Q
one I. The Houston economy, in the greater Houston economy
is doing fine. This tells me that you are seeing
(28:25):
a reckoning in terms of a cultural pattern that a
lot of people are in companies are not going back
to office spaces, and if they do, they're shrinkage. They're
going to have flex space where you go into an office,
but it's not a dedicated office. The old days of
everybody having an office, even if you know your semi retired.
Speaker 2 (28:48):
I think you're seeing that.
Speaker 6 (28:49):
I think you're seeing the cost of real estate as
an expense to a company shrinking. And I think it's
part of a bigger trend of the way labor is
viewed as a massive expense labor and the cost of
the real estate for each person to have the perks
of their own office and a kitchen for the group,
(29:10):
and all that. I think you're seeing that shrink and
go away altogether. Now add to that a little different
story headline one billion dollar town center development planned for Magnolia.
Speaker 2 (29:25):
This is the equivalent of.
Speaker 6 (29:28):
The town park and shopping district in Magnolia, which used
to be almost exclusive, exclusively residential. I think what you're
seeing here again bigger cultural tectonic changes, is people in
Magnolia no longer want to go into town to go
to dinner, to go to a show, to go to
(29:50):
an outdoor concert. What you're seeing is that Magnolia has
hit a critical mass, much to the chagrin of people
who lived there before and don't like to change. What
you're seeing, just as you did in sugar Land, just
as you did in the Woodlands, is these people don't
want to come into the city anymore. And that's going
to further hurt the city of Houston, which crime being
(30:12):
the number one issue. People don't want to come into
the city anymore. And you're going to see more and
more of this sort of thing, a billion dollar town
center development in Magnolia. You've got people in sugar Land
with their own town center, You've got the Woodlands with
their got It's going to hurt. It's going to hurt
(30:34):
the city of Houston. I'm trying to get too much
into this segment, but I think you can see the
trend here.
Speaker 2 (30:39):
You're going to be.
Speaker 6 (30:40):
Left, as you have with Chicago Detroit. You're going to
be left with a hull in the middle that is
burned out.
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