October 21, 2025 • 34 mins
CNN's parent is being sold, again. What is its future? James Comey's motion of selective prosecution is a long shot. Two weeks before election day, New Yorkers are freaking out over Mamdani. Chicago mayor wants to raise lots of taxes. The White House tenant (Donald Trump) wants to build a ballroom.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:22):
Well here we are. Thank you for coming by on
this Tuesday. Today is the twenty first day of October,
year of our Lord twenty twenty five. My name is
Tom Sullivan, and well welcome to three weeks. Yeah, we're
starting there for three weeks ago today that the government
(00:44):
shut down. And for those of you that are federal employees,
I presume you're getting exasperated for I still it's not
just me. I think most people. I haven't run into
a single problem with the government being shut down. So
(01:04):
we'll get in. We'll get into that a little bit
as we go along today. I do want to start
with the news of the day, which is the plan
for Donald Trump and Vladimir Putin to meet that has
been called off. Not only has it been called off,
(01:26):
for they were supposed to meet in about a week,
but they're now saying that there are no plans to
meet in the immediate future, and that this was because
there was supposed to be a group of from the
Trump administration and from Russia that were supposed to meet
in the counterparts. We're going to supposed to meet in
Budapest later this week, and that is now canceled as well.
(01:51):
Correct me, if I'm wrong, but it seems like there's
been a few one hundred and eighty degree turns a
number of times with the President regarding you in Russia,
so at this time it must you know. The last
we heard was that the meeting on Friday did not
go well with Zelensky and as a result, Trump basically
(02:12):
is according to reports, told Zelensky, look at you take
what you own and Russia will take what they have
occupied and stop the fighting. Trump wants the killing to stop.
So all these ideas about more Tomahawk missiles and everything
else did not go over well with President Trump. So
(02:34):
the deal, the conversation is off, and it seems like
the pressure is now going to be put on Ukraine
and putin to basically just take what you've got and
call her to day. That's really the top international story today.
We also have this afternoon, we found out that the
House Republicans have referred John Brennan to the Department of
(02:59):
Justice for allegedly lying to Congress about the Steele dossier.
So that's from the House Republicans saying John Brennan lied
to them about the Steele dossier. So that's going We'll
find out if the Department of Justice is going to
do anything about it. My guess is they probably will.
But that also broke later this afternoon this morning. This
(03:22):
is I'm sorry, it's near and dear to my heart
because I've been broadcasting a long time and the story
is is that Warner Discovery. I've got to get the
right name on this stuff, because they've changed so many times,
Warner Discovery, that was Warner Brothers and Discovery Media. They well,
(03:47):
they've been through a lot. Let me put it this way.
I go back to when CNN was owned by Time
Warner and then let's see what else happened that. Yes,
they had Time Warner and then they were bought a
(04:08):
Time Warner was bought by AT and T. So AT
and T then ran CNN, and then they spun off
that because AT and T did not want it, did
a horrible job with it. So then it became part
of Discovery, and the Discovery was bought by Warner Brothers.
(04:28):
And it's awfully hard to keep track of all of this,
but there for sale. The Warner Discovery put themselves up
for sale today. The board of directors apparently said they
were going to try and cut a deal with the
new owners of Paramount. This is the son of Oracles CEO,
(04:49):
the Ellisons, and they bought CBS recently and now they
owned CBS and now apparently they wanted to make an
offer to buy Warner Discovery. And Warner Discovery said, well,
we were thinking about splitting up a couple of our
streaming services and our cable services. But if you want
(05:12):
to buy the company, maybe we should just go out
into the marketplace and decide anybody want to buy us.
They're putting the whole caboodle on sale now. I don't
know who can buy Warner Discovery. I mean, listen to this.
This is this is what they own. They own television studios,
(05:33):
they own film studios, they own cable networks, they own
streaming services. They have HBO Film and Television. They've got CNN,
Discovery Channel, HGTV, Food Network, TNT, TBS, and they also
(05:56):
operate streaming services such as Discovery Plus and HBO Max.
They've got the Cartoon Network. They've got library of film
and television from all these various companies that they've bought
over the years. They've got interactive entertainment, they've got adult
(06:19):
swim games, they've got the list just goes on and
on and on. So with all of this, they are
for sale. You want to buy Warner Discovery, put your
bid in. I don't think it's going to go anywhere.
And I think what they're going to wind up doing
is the board is going to go back to Paramount
(06:40):
and say, well, let's talk and see if we can
put something together. But the world of media has been
turned on its head a number of times recently, and
it's the whole change in the way that you and
I get our information and entertainment. So will CNN survive
(07:05):
all of this, I'm not quite sure. Whatever happens to
these companies, you can bet that if you still have
a cable television that there's going to be all kinds
of probably price increases and chopping up whatever it is
that you particularly like to watch. So that's in the
business of broadcasting and entertainment. A big shake up today
(07:29):
in a huge, huge company. I mentioned to you at
the open that we are now completed three weeks of
the government shutdown, starting week number four. Today, Kevin Hassett,
who is economic advisor to the President. He was being
interviewed on something else earlier today, but this is what
(07:53):
he said, which caught Wall Street's attention.
Speaker 2 (07:56):
I think the Schumer shutdown is likely to add some
time this week. But I can tell you that if
it doesn't. If it doesn't, if the story that we've
been basically hearing from moderates that look, we just can't
do it in front of the No King's rally, if
that ends up not being true, that I think that
the White House is going to have to look very closely,
along with rust of Vote, at stronger measures that we
could take to break up to the table.
Speaker 1 (08:17):
Yeah, for this before about the fact that the shutdown
was going to last at least through this past weekend
because of the No Kings rally around the country, and
the Democrats wanted that to take place. They did not
want to take the wind out of the sale of
the people that were out protesting Donald Trump. They wanted
(08:37):
to have that shut down continuing at least through this
past weekend. Now that we're past that, and here's Kevin
Hassett saying that he hears that it might end this week.
So we'll pay attention, especially for those of you again
federal employees, federal vendors. We may be getting close. Jim
(08:58):
Comey's attorneys speaking, They went to the judge and they
filed a motion about selective prosecution, saying, your honor, you
got to throw this case out because this is retribution
by the president against Jim Comy and that is unconstitutional.
(09:18):
So the judge took the emotion and is cogitating. But
a couple of attorneys have weighed in on this whole
idea about selective prosecution and whether or not Jim Comy
has a chance on getting his case thrown out. First
guy Tom Dupree, former federal prosecutor.
Speaker 3 (09:43):
Well, look, this would not be the first time that
President Trump has tweeted things out that drive his lawyers crazy.
But at the end of the day, I think this
is actually a very difficult motion for Comy to win.
The fact is, these types of motions are granted so
exceeding rarely. It would be very unusual. And look, oh,
(10:03):
grant this is an unusual case, But it would be
very unusual for a judge to throw an indictment out
like this on the basis of vindictive or selective prosecution.
Particularly if you're in the judge's shoes, he might think, look,
this case is so weak, there's no way a jury
is ultimately going to convict. So it's not as though
you have to somehow rescue Jim Comey from an adverse verdict.
If you think that there's no evidence there that the
(10:25):
charges are ridiculous and unsupported, the jury will ultimately vindicate
Jim Comy. So although I understand why Comey's team made
this motion, it's an aggressive strategy. I totally get why
they did it. I just don't think it has a
very good chance of succeeding.
Speaker 1 (10:40):
Okay, so he's not loaned. There's other lawyers say the
same thing. One of them is Jim Trusty, who is
a former prosecutor as well, also was one of Trump's
attorneys many years ago. Here's Jim Sure.
Speaker 4 (10:54):
I mean, look, selective and vindictive prosecution, that's the angle
on that particular motion. Those are both uphill in general
for defendants to get a dismissal, and I don't think
it's really that different here. You know, selective means you
have to show a track record of similarly situated defendants.
I don't know how you do that with an FBI
director lying to Congress. We don't have like ten other
(11:14):
circumstances where people were not prosecuted for it to point
to the vindictive is all the stuff you thought it
would be. President Trump's comments, you know, putting Lindsay Halligan
in office. It's all the kind of political stuff that's
out there. Again, I think that's uphill to lead to
a dismissal the sleeper here. The motion that concerns me
is the one about the authority of the interim US
(11:36):
Attorney Lindsay Halligan. And that's an issue of basically saying, look,
the President has the right if there's a vacancy to
put somebody in for one hundred and twenty days. After that,
the power kind of shifts to the court to name
an acting US attorney, all of which being just a
quick substitute until somebody gets confirmed by the Senate. Problem
here is Eric Siebert served for one hundred and twenty days,
(11:58):
Lindsay Halligan comes in, does the indict herself. So the
question is can you keep stacking interims? And that's the
same issue that broke against the administration with Elena Hobba's
appointment up in New Jersey, and frankly, it's a little
bit of the same issue in a sense of Jack
Smith's dismissal in Florida that if you don't have authority
to be the prosecutor, your case is a nullity. And
(12:19):
here here's the kick. If it's a nullity, you can't
go back and fix it because the statute of limitations
has run. So I'm very nervous that this motion, which
sounds kind of tepid, is actually a sleeper where we
end up seeing a Jim Comey courthouse steps victory lap,
which will be kind of a bitter pill to see.
But he's got some pretty good arguments there, and it'd
(12:40):
be interesting to see how they respond.
Speaker 1 (12:41):
Yeah, so Christy basically saying that Comy could win get
this case thrown out on a technicality about the interim
US attorney being stacked on another interim US attorney, And
so that could be the technicality that gets Komy off,
not about the issue of whether he lied or did
(13:02):
not lie, the whole issue about selective prosecution. I told
you John Brennan was referred by the House Republicans to
the Department of Justice. You'll notice they did not go
to the US Attorney's office in the Eastern District of Virginia,
which is where Lindsay Halligan resides as the maybe interim
(13:23):
US attorney. They went directly to the DOJ from the
House of Representatives. But if Brennan's been referred to a
criminal referral to the DOJ, you can bet he's keeping
an eye on exactly how this comy case is going.
So the judge still needs to rule on the motion
about selective prosecution, which is the one that John Brennan's
(13:45):
going to be all ears about. Let's talk about some
of our cities. Can we start with New York where
we're now two weeks away from election day. In many
places around our country, two weeks from today, and the
whole Ma'm donnie story is getting crazy. People are coming
(14:08):
out of their shoes freaking out about the fact that,
oh my gosh, he's in the lead. So they're trying
to talk to Curtis Sliwa, the Guardian Angel guy, the
guy who is the Republican on the ballot, and saying, Curtis,
you got to leave, you got to drop, you got
to drop your race because if you get out of
the race, and it's only going to be between Cuomo
(14:31):
and ma'm donnie, and that will help Cuomo maybe. So
here's John Katimdidas, who is a very wealthy billionaire businessman
in New York City.
Speaker 5 (14:44):
It's not about being a Republican, not about being a
Republican or a Democrat. You know what it's about. It
it's about New York City right now. New York City
is at risk. And we love New York. Everybody in
New York loves New York. They got it. Come out
and vote, vote, vote, vote.
Speaker 1 (15:03):
And they can get out and vote vote vote starting
early vote. He starts Saturday, but the election day where
you vote in person is two weeks from today. Also,
the rabbi in charge of the Park Avenue Synagogue, which
is the biggest UH has the biggest congregation, not only
(15:23):
in New York, it's the biggest congregation of any Jewish
synagogue in the nation, and he laid it out to
his congregants over the weekend.
Speaker 6 (15:34):
I believe Zoron Mamdani poses a danger to the security
of the New York Jewish community. Mamdani's refusal to condemn
insightful slogans like globalize the Intifada, his denial of Israel's
legitimacy as a Jewish state, his call to arrest Israel's
(15:55):
prime minister should he enter New York and Rice repeated
accusation of genocide and Thursday's debate.
Speaker 1 (16:05):
That's the pitch to the largest Jewish synagogue in New
York City, which New York City is also the largest
Jewish population outside of Israel, so they're very important voting block,
and we'll see whether the Rabbi's words go down or not.
I told you before, the older Jewish voter is against Mandanni,
(16:28):
the younger Jewish voter is in support of Mandanie. So
we'll see if the rabbi has any influence or not.
So let's move to Portland and find out what the
latest is going on with Portland, because yesterday we found
out that the Ninth Circuit Court of Appeals said yes,
President Trump can in fact nationalize the Oregon National Guard
(16:51):
and send them into Portland. So the Governor, Tina Kotek
is not happy with that.
Speaker 7 (16:58):
Oregon remains united in the fight against this unwanted, unneeded
military intervention in Oregon. We're going to continue to show
up for our neighbors, make our voices heard, and use
our collective power to protect our communities and our democracy.
I still urged the Trump administration to send all the
(17:18):
National Guard members home.
Speaker 1 (17:20):
So she kind of recognized that Donald Trump has the
power over the Oregon National Guard by nationalizing them. Back
to Jim Trustee, who took a look at the ruling
that the Ninth Circuit Court of Appeals made on the
State of ore I.
Speaker 4 (17:35):
Don't know for sure, but it seems like it's open
to pull them from wherever. I mean, basically, the authority,
the permission slip for the President that they've been given
is that if you need to back up with backup
federal law enforcement by having the National Guard come, you
can do so even if the governor objects to it.
So the key is that issue of are they needed
(17:56):
to protect federal law enforcement functions? And Portland and the
politicians there have been completely dishonest. They've made it a
Summer of love story where they say everything's fine, there's
no problem, ignore the guillotine over there on the right,
don't worry about the lasers being pointed in ice agent's eyes.
Speaker 1 (18:12):
We've got it.
Speaker 4 (18:13):
And I think the appellate court finally saw through that
and they basically said, we're not going to keep wading
into this kind of ambush emergency litigation brought by political
folks that are opposed to the national debt.
Speaker 1 (18:24):
Well, this gets interesting because the Knights Court of Appeals
was the place that if you wanted a liberal decision,
that's where you went. But apparently that court has changed.
Speaker 4 (18:34):
Yeah, it has, I mean, and it was always the
most reversed circuit by the Supreme Court for many, many decades.
But Trump won that in that first administration. He had
a lot of turnover in the Ninth Circuit and he
and Mitch McConnell moved things along quickly and got a
bunch of people appointed. So now it always comes down
to the draw of the three that are hearing your case.
(18:54):
You might get two or three conservatives, you might get
two or three liberals.
Speaker 1 (18:58):
So now we wait to see if the State of
Oregon to rule on this because it was done by
a three judge panel, which is the standard procedure with
ap pellal. Course, they you don't normally get the whole enchilada.
So moving to Chicago, how are things in Chicago going
along that Brandon Johnson, the mayor of Chicago. Besides all
(19:21):
the things that he has done regarding not cooperating with
the federal law enforcement, not cooperating with Ice, not wanting
National Guard all that he and the governor, but Brandon
Johnson in the middle of all this, has now come
up with some new taxes that he wants to add.
(19:42):
People in Chicago. I don't know what you're going to do,
but he wants now a head tax of twenty one
dollars per employee for any company that has one hundred employees,
or more so, twenty one dollars per head per month
(20:06):
for companies that have one hundred employees. He thinks that
that if you if you do the math, then you
multiply all the things, like nobody's going to change their behavior.
He said, that'll raise one hundred million dollars annually. He
wants a cloud tax for companies that send their information
(20:29):
to a cloud, that they one of fourteen percent tax
on those companies. He's got a social media tax for
social media companies all the way from the big ones
down to the little ones, fifty cents per person per month.
(20:51):
A ride sharing fee is going to bump the ride
sharing fee for Uber and Lyft and all those people.
An online sports betting tax, and also he wants to
boost the yacht mooring fee because you know the yachts
are owned by all those wealthy people, and so he
wants those. He wants a tax on that as well.
(21:14):
He's raised. He wants to raise taxes because he thinks
by doing so, he's going to be able to get
rid of the city's deficit, which is one point one
billion dollars. And even with all these taxes you add
him up, it still doesn't come to one point one billion.
So God forbid, he might actually have to look around
(21:36):
for something to cut. I doubt it. Samtoya, he's the
head of the Illinois Restaurant Association, says by putting an
employee per head tax is going to drive business out
of Chicago.
Speaker 8 (21:52):
I used to say, before the pandemic, restaurants used to
work on Nicholson dimes. Now they work on pennies and nickels.
And if we have this job killer head tax, it's
going to kill jobs and we're not going to see
the restaurant industry grow here in the city of Chicago.
Speaker 1 (22:10):
So let's watch and see what restaurant owners do. But
all businesses in Chicago, they're just they're bumping up the
business tax on twenty one dollars per person. I would
think you would want to. If you tax something, you're
going to get less of it, so that you're going
to get layoffs. People are going to cut their number
of employees if they have to pay twenty one dollars
(22:33):
per employee per month. So that's what's going on in Chicago.
And back to Portland for just a second, because I
was looking through the ruling. The reason the Ninth Circuit
Court of Appeals ruled against Oregon and for the President
was because they said the Portland police are either unable
(22:53):
or unwilling to stop the nightly protests that are turning violent.
And I've talked about it before. The police department works
for the police chief. The police chief is appointed by
the mayor, So the mayor doesn't want the police chief,
and therefore the police department have to do whatever the
(23:15):
mayor wants. So that's why the Ninth Circuit Court of
Appeals ruled in favor of the federal government. And also
getting back to I think it fits in here, getting
back to the whole thing about the government shutdown, and
the Democrats are wanting to extend the subsidy that was
a temporary subsidy for Obamacare premiums put in place during COVID,
(23:39):
it was supposed to expire at the end of this year.
It was a temporary benefit, temporary subsidy that was added
in for one point five trillion dollars that was added
back during COVID made well even then, it didn't make sense,
but that's what they that's what they decided. John Stewart
(24:00):
on The Daily Show was talking to Bernie Sanders about
all of this, and even John Stewart can see through
all of this. Sure, my parents are in City College.
Speaker 9 (24:11):
There you go, great university free California, highest quality education,
tuition free, and now working class families kount of for
to send a kids' culture.
Speaker 10 (24:19):
But again this gets to the Democratic solutions have never
been to directly provides. It's always been a subsidy up
to roto Matt. But what happens is when the government
promises endless funds to insurance companies or private universities without
(24:41):
any cost controls. And Trump seems to understand this, prices
rise far beyond the rate of inflation. And we've seen
it in tuition, and we've seen it in pharmaceutical and
we've seen it in healthcare. So my question is will
DEMOC recognize the poison pill that they've often placed into
(25:06):
well intentioned policy.
Speaker 9 (25:08):
What they end up doing is coming up with very
complicated proposals. You make forty eight, nine hundred and sixty
four dollars, yes, you will get this thing. You make
a dollar more, you finished, and blah blah blah blah. Look,
we have got to make it simple. In the wealthiest
country in the history of the world. Should healthcare be
a human right, Yes it should be. Should we have
the best quality education in the world, from childcare to
(25:30):
graduate school, Yes we should.
Speaker 1 (25:32):
Everybody agrees with that. We want the best healthcare, we
want the best education. But what the Democrats have done,
and John Stewart hit the nail on the head and
Burnie missed it was if you keep putting subsidies on things,
If you subsidize young people's tuition to a university, the
university is just going to raise their tuition. The same
(25:53):
thing happens at hospitals. Subsidize health insurance, the hospitals will
just raise their fees. And so Don Stewart gets it,
and he made a point about it, and the audience
cheered when Bernie said, we want the best education. We
want everybody wants that, but he missed the part about
the fact that what their policies have driven the cost
(26:17):
of education, healthcare, pharmaceuticals much faster, much higher than the
rate of inflation. I thought it was an interesting little
SoundBite in the middle of the Daily Show last night.
And when it comes to inflation, most everything is more
expensive except for one of the big economic indicators that
(26:39):
you see all the time, and that is the price
of gasoline. And the price of gasoline is well. According
to Triple A, the national average for a gallon of gas,
the cheap stuff is now down to three dollars and
four cents three oh four. A year ago, it was
three seventeen. A month ago, it was three eighteen. Now
(27:03):
it's three oh four. I look around the country and
of course, oh, by the way, California, you have regained
your position as the most expensive state in the nation.
You're well, the state of Washington had it for a while.
But state of Washington's average gas four dollars and forty
cents for the cheap stuff. California is four dollars sixty
(27:26):
two cents. Stuff. That's not for the expensive thing. If
you go into some of the areas around California, let's
see where can we go? Oh a Wine Country four
dollars and eighty cents for a gallon of gas. San
Louis Obispo four dollars ninety cents for a gallon of gas.
(27:46):
Go over to Mono County, which is right up against
the Nevada California border. Five dollars and eighty five cents
for one gallon of gas. Let's check Nevada because they're
also very expensive. They are Douglas County three dollars fifty
(28:07):
seven cents, Washoe County four dollars fifteen cents. So it's
high threes and low fours. But the average across the
country is now three dollars and four cents. That is
going to help keep inflation reporting lower. Food prices are up,
clothing prices are up, lumber prices are up, you name it,
(28:31):
prices across the border up. But if you can keep
gasoline going down, that offsets a lot of that inflationary
pressure that is facing the economy. One last item that
I've been wanting to talk to you about. I'm struggling
with this. It's about the White House, and it's about
the house, and it's about the ballroom and as of today,
(28:55):
they have a big heavy machinery in their tearing up
heart the east wing of the White House so that
they can that's where they're going to put the new ballroom.
The ballroom is supposed to be a two hundred and
some million dollar addition to the White House. And I
when I first heard about this, I thought, wait a minute,
(29:17):
he's a tenant, he does That's not his house. If
you're a tenant, you rent an apartment, you rent a house,
you can't. Oh maybe maybe you can. You know, of course,
you can decorate it however you want. You can put
up all kinds of gaudy gold stuff or whatever you like,
(29:37):
but you can't tear down walls. That's not his house.
But he well, I went back and I looked, and
I remember that when Truman was president, apparently the house
was in very very bad shape. And what Truman did
was he went to Congress and said this house is
(30:02):
actually dangerous, and they moved out. The Trumans moved out
and moved across the street to Blair House during most
of his administration between forty eight and fifty two, nineteen
forty eight to nineteen fifty two, and what they did was.
They went into the guts and they tore apart the
inside of the White House and replaced them with steel beams.
(30:22):
The outside did not change, but he had Congress put
together a commission to decide what to do. So Congress
was involved. They assigned a commission to oversee the structure
of the White House. And this time there's nothing. Donald
Trump just out of the blue said I'm building a
two hundred million dollar ballroom because oh, everybody wants a ballroom.
(30:48):
And I've been to the White House a number of times.
The East Room is a beautiful big room. That's where
they have all their big events. I don't know why
they need a ballroom. But it's also bothering me that
this is not his house. It's the people's house. But
Scott Jennings, who is a very thoughtful, smart guy hangs
(31:10):
out on the right side of the aisle, was asked
about this, and this is his response. Well, it's certainly
Donald Trump. I mean, he is all about hospitality.
Speaker 11 (31:20):
That's his business, and this is going to give us
a place in the White House to do the biggest
and best hospitality we've ever done. I will say I
don't think it's super unusual for the White House to
undergo massive construction projects. I mean all the way back
to Thomas Jefferson putting in the colonnades, or Theodore Roosevelt
putting in the West wing, or FDR putting in the
East wing, Nixon putting in the press briefing room, over
(31:42):
top the swimming pool, the fence going up, Clinton closing
Pennsylvania Avenue. I mean, you go on and on and on.
The White House is typically under construction, either in small
ways or in large ways. The most significant cosmetic reconstruction
was probably Harry Truman when they gutted the White House.
But he also you'll remember, added the Truman Balcony, which
changed the image of the south side of the White House.
(32:05):
So I think this is another and a long line
of improvements. It's a historic building, but it's a living building,
and it's reflective of the people who live there. And
I think future presidents will enjoy having a space where
you know, you can have all the senators or heads
of state or you know, frankly, it's a public space.
They'll be able to put more people than ever inside
the White House. It's pretty cool.
Speaker 1 (32:23):
Like Scott and I generally almost always agree with him,
but on this one, I'm going leave the White House alone.
But he is right. There have been There was a
bowling alley put in, and there was a swimming pool
put in, and the swimming pool you know where the
swimming pool was where the White House press meet that. Yeah,
(32:43):
they put a floor in over the swimming pool. But
if where the press sits for the press briefings with
the Press Secretary, that's the swimming pool. So they've had
interior changes done. But I'm just fussing. I'm just being picky.
I want to talk about Wall Street today, man alive.
(33:04):
With all the problems in our country and the world,
Wall Street just seems to be completely shaking it off completely.
Dow Jones Industrials another new record. This is the twelfth
new record for the Dow this year, up two hundred
(33:24):
and eighteen. The Dow at forty six nine twenty four.
The SMP was up just less than a point than
Asdak fell thirty six. Gold has been way up and
way down today it was on the way down category,
down two hundred and nineteen to four thousand and one
forty and the price of oil was up thirty cents
(33:48):
it's at fifty seven dollars now, and the fifty seven dollars,
which is again reflecting the fact that there is a
glut of oil and it's also kind of seasonal. In
the fall is demand for oil is at its lowest
of the year. So that's it for today. Thank you
for coming by. I will try this again tomorrow. We
(34:09):
hope to see you then.
Well here we are. Thank you for coming by on
this Tuesday. Today is the twenty first day of October,
year of our Lord twenty twenty five. My name is
Tom Sullivan, and well welcome to three weeks. Yeah, we're
starting there for three weeks ago today that the government
(00:44):
shut down. And for those of you that are federal employees,
I presume you're getting exasperated for I still it's not
just me. I think most people. I haven't run into
a single problem with the government being shut down. So
(01:04):
we'll get in. We'll get into that a little bit
as we go along today. I do want to start
with the news of the day, which is the plan
for Donald Trump and Vladimir Putin to meet that has
been called off. Not only has it been called off,
(01:26):
for they were supposed to meet in about a week,
but they're now saying that there are no plans to
meet in the immediate future, and that this was because
there was supposed to be a group of from the
Trump administration and from Russia that were supposed to meet
in the counterparts. We're going to supposed to meet in
Budapest later this week, and that is now canceled as well.
(01:51):
Correct me, if I'm wrong, but it seems like there's
been a few one hundred and eighty degree turns a
number of times with the President regarding you in Russia,
so at this time it must you know. The last
we heard was that the meeting on Friday did not
go well with Zelensky and as a result, Trump basically
(02:12):
is according to reports, told Zelensky, look at you take
what you own and Russia will take what they have
occupied and stop the fighting. Trump wants the killing to stop.
So all these ideas about more Tomahawk missiles and everything
else did not go over well with President Trump. So
(02:34):
the deal, the conversation is off, and it seems like
the pressure is now going to be put on Ukraine
and putin to basically just take what you've got and
call her to day. That's really the top international story today.
We also have this afternoon, we found out that the
House Republicans have referred John Brennan to the Department of
(02:59):
Justice for allegedly lying to Congress about the Steele dossier.
So that's from the House Republicans saying John Brennan lied
to them about the Steele dossier. So that's going We'll
find out if the Department of Justice is going to
do anything about it. My guess is they probably will.
But that also broke later this afternoon this morning. This
(03:22):
is I'm sorry, it's near and dear to my heart
because I've been broadcasting a long time and the story
is is that Warner Discovery. I've got to get the
right name on this stuff, because they've changed so many times,
Warner Discovery, that was Warner Brothers and Discovery Media. They well,
(03:47):
they've been through a lot. Let me put it this way.
I go back to when CNN was owned by Time
Warner and then let's see what else happened that. Yes,
they had Time Warner and then they were bought a
(04:08):
Time Warner was bought by AT and T. So AT
and T then ran CNN, and then they spun off
that because AT and T did not want it, did
a horrible job with it. So then it became part
of Discovery, and the Discovery was bought by Warner Brothers.
(04:28):
And it's awfully hard to keep track of all of this,
but there for sale. The Warner Discovery put themselves up
for sale today. The board of directors apparently said they
were going to try and cut a deal with the
new owners of Paramount. This is the son of Oracles CEO,
(04:49):
the Ellisons, and they bought CBS recently and now they
owned CBS and now apparently they wanted to make an
offer to buy Warner Discovery. And Warner Discovery said, well,
we were thinking about splitting up a couple of our
streaming services and our cable services. But if you want
(05:12):
to buy the company, maybe we should just go out
into the marketplace and decide anybody want to buy us.
They're putting the whole caboodle on sale now. I don't
know who can buy Warner Discovery. I mean, listen to this.
This is this is what they own. They own television studios,
(05:33):
they own film studios, they own cable networks, they own
streaming services. They have HBO Film and Television. They've got CNN,
Discovery Channel, HGTV, Food Network, TNT, TBS, and they also
(05:56):
operate streaming services such as Discovery Plus and HBO Max.
They've got the Cartoon Network. They've got library of film
and television from all these various companies that they've bought
over the years. They've got interactive entertainment, they've got adult
(06:19):
swim games, they've got the list just goes on and
on and on. So with all of this, they are
for sale. You want to buy Warner Discovery, put your
bid in. I don't think it's going to go anywhere.
And I think what they're going to wind up doing
is the board is going to go back to Paramount
(06:40):
and say, well, let's talk and see if we can
put something together. But the world of media has been
turned on its head a number of times recently, and
it's the whole change in the way that you and
I get our information and entertainment. So will CNN survive
(07:05):
all of this, I'm not quite sure. Whatever happens to
these companies, you can bet that if you still have
a cable television that there's going to be all kinds
of probably price increases and chopping up whatever it is
that you particularly like to watch. So that's in the
business of broadcasting and entertainment. A big shake up today
(07:29):
in a huge, huge company. I mentioned to you at
the open that we are now completed three weeks of
the government shutdown, starting week number four. Today, Kevin Hassett,
who is economic advisor to the President. He was being
interviewed on something else earlier today, but this is what
(07:53):
he said, which caught Wall Street's attention.
Speaker 2 (07:56):
I think the Schumer shutdown is likely to add some
time this week. But I can tell you that if
it doesn't. If it doesn't, if the story that we've
been basically hearing from moderates that look, we just can't
do it in front of the No King's rally, if
that ends up not being true, that I think that
the White House is going to have to look very closely,
along with rust of Vote, at stronger measures that we
could take to break up to the table.
Speaker 1 (08:17):
Yeah, for this before about the fact that the shutdown
was going to last at least through this past weekend
because of the No Kings rally around the country, and
the Democrats wanted that to take place. They did not
want to take the wind out of the sale of
the people that were out protesting Donald Trump. They wanted
(08:37):
to have that shut down continuing at least through this
past weekend. Now that we're past that, and here's Kevin
Hassett saying that he hears that it might end this week.
So we'll pay attention, especially for those of you again
federal employees, federal vendors. We may be getting close. Jim
(08:58):
Comey's attorneys speaking, They went to the judge and they
filed a motion about selective prosecution, saying, your honor, you
got to throw this case out because this is retribution
by the president against Jim Comy and that is unconstitutional.
(09:18):
So the judge took the emotion and is cogitating. But
a couple of attorneys have weighed in on this whole
idea about selective prosecution and whether or not Jim Comy
has a chance on getting his case thrown out. First
guy Tom Dupree, former federal prosecutor.
Speaker 3 (09:43):
Well, look, this would not be the first time that
President Trump has tweeted things out that drive his lawyers crazy.
But at the end of the day, I think this
is actually a very difficult motion for Comy to win.
The fact is, these types of motions are granted so
exceeding rarely. It would be very unusual. And look, oh,
(10:03):
grant this is an unusual case, But it would be
very unusual for a judge to throw an indictment out
like this on the basis of vindictive or selective prosecution.
Particularly if you're in the judge's shoes, he might think, look,
this case is so weak, there's no way a jury
is ultimately going to convict. So it's not as though
you have to somehow rescue Jim Comey from an adverse verdict.
If you think that there's no evidence there that the
(10:25):
charges are ridiculous and unsupported, the jury will ultimately vindicate
Jim Comy. So although I understand why Comey's team made
this motion, it's an aggressive strategy. I totally get why
they did it. I just don't think it has a
very good chance of succeeding.
Speaker 1 (10:40):
Okay, so he's not loaned. There's other lawyers say the
same thing. One of them is Jim Trusty, who is
a former prosecutor as well, also was one of Trump's
attorneys many years ago. Here's Jim Sure.
Speaker 4 (10:54):
I mean, look, selective and vindictive prosecution, that's the angle
on that particular motion. Those are both uphill in general
for defendants to get a dismissal, and I don't think
it's really that different here. You know, selective means you
have to show a track record of similarly situated defendants.
I don't know how you do that with an FBI
director lying to Congress. We don't have like ten other
(11:14):
circumstances where people were not prosecuted for it to point
to the vindictive is all the stuff you thought it
would be. President Trump's comments, you know, putting Lindsay Halligan
in office. It's all the kind of political stuff that's
out there. Again, I think that's uphill to lead to
a dismissal the sleeper here. The motion that concerns me
is the one about the authority of the interim US
(11:36):
Attorney Lindsay Halligan. And that's an issue of basically saying, look,
the President has the right if there's a vacancy to
put somebody in for one hundred and twenty days. After that,
the power kind of shifts to the court to name
an acting US attorney, all of which being just a
quick substitute until somebody gets confirmed by the Senate. Problem
here is Eric Siebert served for one hundred and twenty days,
(11:58):
Lindsay Halligan comes in, does the indict herself. So the
question is can you keep stacking interims? And that's the
same issue that broke against the administration with Elena Hobba's
appointment up in New Jersey, and frankly, it's a little
bit of the same issue in a sense of Jack
Smith's dismissal in Florida that if you don't have authority
to be the prosecutor, your case is a nullity. And
(12:19):
here here's the kick. If it's a nullity, you can't
go back and fix it because the statute of limitations
has run. So I'm very nervous that this motion, which
sounds kind of tepid, is actually a sleeper where we
end up seeing a Jim Comey courthouse steps victory lap,
which will be kind of a bitter pill to see.
But he's got some pretty good arguments there, and it'd
(12:40):
be interesting to see how they respond.
Speaker 1 (12:41):
Yeah, so Christy basically saying that Comy could win get
this case thrown out on a technicality about the interim
US attorney being stacked on another interim US attorney, And
so that could be the technicality that gets Komy off,
not about the issue of whether he lied or did
(13:02):
not lie, the whole issue about selective prosecution. I told
you John Brennan was referred by the House Republicans to
the Department of Justice. You'll notice they did not go
to the US Attorney's office in the Eastern District of Virginia,
which is where Lindsay Halligan resides as the maybe interim
(13:23):
US attorney. They went directly to the DOJ from the
House of Representatives. But if Brennan's been referred to a
criminal referral to the DOJ, you can bet he's keeping
an eye on exactly how this comy case is going.
So the judge still needs to rule on the motion
about selective prosecution, which is the one that John Brennan's
(13:45):
going to be all ears about. Let's talk about some
of our cities. Can we start with New York where
we're now two weeks away from election day. In many
places around our country, two weeks from today, and the
whole Ma'm donnie story is getting crazy. People are coming
(14:08):
out of their shoes freaking out about the fact that,
oh my gosh, he's in the lead. So they're trying
to talk to Curtis Sliwa, the Guardian Angel guy, the
guy who is the Republican on the ballot, and saying, Curtis,
you got to leave, you got to drop, you got
to drop your race because if you get out of
the race, and it's only going to be between Cuomo
(14:31):
and ma'm donnie, and that will help Cuomo maybe. So
here's John Katimdidas, who is a very wealthy billionaire businessman
in New York City.
Speaker 5 (14:44):
It's not about being a Republican, not about being a
Republican or a Democrat. You know what it's about. It
it's about New York City right now. New York City
is at risk. And we love New York. Everybody in
New York loves New York. They got it. Come out
and vote, vote, vote, vote.
Speaker 1 (15:03):
And they can get out and vote vote vote starting
early vote. He starts Saturday, but the election day where
you vote in person is two weeks from today. Also,
the rabbi in charge of the Park Avenue Synagogue, which
is the biggest UH has the biggest congregation, not only
(15:23):
in New York, it's the biggest congregation of any Jewish
synagogue in the nation, and he laid it out to
his congregants over the weekend.
Speaker 6 (15:34):
I believe Zoron Mamdani poses a danger to the security
of the New York Jewish community. Mamdani's refusal to condemn
insightful slogans like globalize the Intifada, his denial of Israel's
legitimacy as a Jewish state, his call to arrest Israel's
(15:55):
prime minister should he enter New York and Rice repeated
accusation of genocide and Thursday's debate.
Speaker 1 (16:05):
That's the pitch to the largest Jewish synagogue in New
York City, which New York City is also the largest
Jewish population outside of Israel, so they're very important voting block,
and we'll see whether the Rabbi's words go down or not.
I told you before, the older Jewish voter is against Mandanni,
(16:28):
the younger Jewish voter is in support of Mandanie. So
we'll see if the rabbi has any influence or not.
So let's move to Portland and find out what the
latest is going on with Portland, because yesterday we found
out that the Ninth Circuit Court of Appeals said yes,
President Trump can in fact nationalize the Oregon National Guard
(16:51):
and send them into Portland. So the Governor, Tina Kotek
is not happy with that.
Speaker 7 (16:58):
Oregon remains united in the fight against this unwanted, unneeded
military intervention in Oregon. We're going to continue to show
up for our neighbors, make our voices heard, and use
our collective power to protect our communities and our democracy.
I still urged the Trump administration to send all the
(17:18):
National Guard members home.
Speaker 1 (17:20):
So she kind of recognized that Donald Trump has the
power over the Oregon National Guard by nationalizing them. Back
to Jim Trustee, who took a look at the ruling
that the Ninth Circuit Court of Appeals made on the
State of ore I.
Speaker 4 (17:35):
Don't know for sure, but it seems like it's open
to pull them from wherever. I mean, basically, the authority,
the permission slip for the President that they've been given
is that if you need to back up with backup
federal law enforcement by having the National Guard come, you
can do so even if the governor objects to it.
So the key is that issue of are they needed
(17:56):
to protect federal law enforcement functions? And Portland and the
politicians there have been completely dishonest. They've made it a
Summer of love story where they say everything's fine, there's
no problem, ignore the guillotine over there on the right,
don't worry about the lasers being pointed in ice agent's eyes.
Speaker 1 (18:12):
We've got it.
Speaker 4 (18:13):
And I think the appellate court finally saw through that
and they basically said, we're not going to keep wading
into this kind of ambush emergency litigation brought by political
folks that are opposed to the national debt.
Speaker 1 (18:24):
Well, this gets interesting because the Knights Court of Appeals
was the place that if you wanted a liberal decision,
that's where you went. But apparently that court has changed.
Speaker 4 (18:34):
Yeah, it has, I mean, and it was always the
most reversed circuit by the Supreme Court for many, many decades.
But Trump won that in that first administration. He had
a lot of turnover in the Ninth Circuit and he
and Mitch McConnell moved things along quickly and got a
bunch of people appointed. So now it always comes down
to the draw of the three that are hearing your case.
(18:54):
You might get two or three conservatives, you might get
two or three liberals.
Speaker 1 (18:58):
So now we wait to see if the State of
Oregon to rule on this because it was done by
a three judge panel, which is the standard procedure with
ap pellal. Course, they you don't normally get the whole enchilada.
So moving to Chicago, how are things in Chicago going
along that Brandon Johnson, the mayor of Chicago. Besides all
(19:21):
the things that he has done regarding not cooperating with
the federal law enforcement, not cooperating with Ice, not wanting
National Guard all that he and the governor, but Brandon
Johnson in the middle of all this, has now come
up with some new taxes that he wants to add.
(19:42):
People in Chicago. I don't know what you're going to do,
but he wants now a head tax of twenty one
dollars per employee for any company that has one hundred employees,
or more so, twenty one dollars per head per month
(20:06):
for companies that have one hundred employees. He thinks that
that if you if you do the math, then you
multiply all the things, like nobody's going to change their behavior.
He said, that'll raise one hundred million dollars annually. He
wants a cloud tax for companies that send their information
(20:29):
to a cloud, that they one of fourteen percent tax
on those companies. He's got a social media tax for
social media companies all the way from the big ones
down to the little ones, fifty cents per person per month.
(20:51):
A ride sharing fee is going to bump the ride
sharing fee for Uber and Lyft and all those people.
An online sports betting tax, and also he wants to
boost the yacht mooring fee because you know the yachts
are owned by all those wealthy people, and so he
wants those. He wants a tax on that as well.
(21:14):
He's raised. He wants to raise taxes because he thinks
by doing so, he's going to be able to get
rid of the city's deficit, which is one point one
billion dollars. And even with all these taxes you add
him up, it still doesn't come to one point one billion.
So God forbid, he might actually have to look around
(21:36):
for something to cut. I doubt it. Samtoya, he's the
head of the Illinois Restaurant Association, says by putting an
employee per head tax is going to drive business out
of Chicago.
Speaker 8 (21:52):
I used to say, before the pandemic, restaurants used to
work on Nicholson dimes. Now they work on pennies and nickels.
And if we have this job killer head tax, it's
going to kill jobs and we're not going to see
the restaurant industry grow here in the city of Chicago.
Speaker 1 (22:10):
So let's watch and see what restaurant owners do. But
all businesses in Chicago, they're just they're bumping up the
business tax on twenty one dollars per person. I would
think you would want to. If you tax something, you're
going to get less of it, so that you're going
to get layoffs. People are going to cut their number
of employees if they have to pay twenty one dollars
(22:33):
per employee per month. So that's what's going on in Chicago.
And back to Portland for just a second, because I
was looking through the ruling. The reason the Ninth Circuit
Court of Appeals ruled against Oregon and for the President
was because they said the Portland police are either unable
(22:53):
or unwilling to stop the nightly protests that are turning violent.
And I've talked about it before. The police department works
for the police chief. The police chief is appointed by
the mayor, So the mayor doesn't want the police chief,
and therefore the police department have to do whatever the
(23:15):
mayor wants. So that's why the Ninth Circuit Court of
Appeals ruled in favor of the federal government. And also
getting back to I think it fits in here, getting
back to the whole thing about the government shutdown, and
the Democrats are wanting to extend the subsidy that was
a temporary subsidy for Obamacare premiums put in place during COVID,
(23:39):
it was supposed to expire at the end of this year.
It was a temporary benefit, temporary subsidy that was added
in for one point five trillion dollars that was added
back during COVID made well even then, it didn't make sense,
but that's what they that's what they decided. John Stewart
(24:00):
on The Daily Show was talking to Bernie Sanders about
all of this, and even John Stewart can see through
all of this. Sure, my parents are in City College.
Speaker 9 (24:11):
There you go, great university free California, highest quality education,
tuition free, and now working class families kount of for
to send a kids' culture.
Speaker 10 (24:19):
But again this gets to the Democratic solutions have never
been to directly provides. It's always been a subsidy up
to roto Matt. But what happens is when the government
promises endless funds to insurance companies or private universities without
(24:41):
any cost controls. And Trump seems to understand this, prices
rise far beyond the rate of inflation. And we've seen
it in tuition, and we've seen it in pharmaceutical and
we've seen it in healthcare. So my question is will
DEMOC recognize the poison pill that they've often placed into
(25:06):
well intentioned policy.
Speaker 9 (25:08):
What they end up doing is coming up with very
complicated proposals. You make forty eight, nine hundred and sixty
four dollars, yes, you will get this thing. You make
a dollar more, you finished, and blah blah blah blah. Look,
we have got to make it simple. In the wealthiest
country in the history of the world. Should healthcare be
a human right, Yes it should be. Should we have
the best quality education in the world, from childcare to
(25:30):
graduate school, Yes we should.
Speaker 1 (25:32):
Everybody agrees with that. We want the best healthcare, we
want the best education. But what the Democrats have done,
and John Stewart hit the nail on the head and
Burnie missed it was if you keep putting subsidies on things,
If you subsidize young people's tuition to a university, the
university is just going to raise their tuition. The same
(25:53):
thing happens at hospitals. Subsidize health insurance, the hospitals will
just raise their fees. And so Don Stewart gets it,
and he made a point about it, and the audience
cheered when Bernie said, we want the best education. We
want everybody wants that, but he missed the part about
the fact that what their policies have driven the cost
(26:17):
of education, healthcare, pharmaceuticals much faster, much higher than the
rate of inflation. I thought it was an interesting little
SoundBite in the middle of the Daily Show last night.
And when it comes to inflation, most everything is more
expensive except for one of the big economic indicators that
(26:39):
you see all the time, and that is the price
of gasoline. And the price of gasoline is well. According
to Triple A, the national average for a gallon of gas,
the cheap stuff is now down to three dollars and
four cents three oh four. A year ago, it was
three seventeen. A month ago, it was three eighteen. Now
(27:03):
it's three oh four. I look around the country and
of course, oh, by the way, California, you have regained
your position as the most expensive state in the nation.
You're well, the state of Washington had it for a while.
But state of Washington's average gas four dollars and forty
cents for the cheap stuff. California is four dollars sixty
(27:26):
two cents. Stuff. That's not for the expensive thing. If
you go into some of the areas around California, let's
see where can we go? Oh a Wine Country four
dollars and eighty cents for a gallon of gas. San
Louis Obispo four dollars ninety cents for a gallon of gas.
(27:46):
Go over to Mono County, which is right up against
the Nevada California border. Five dollars and eighty five cents
for one gallon of gas. Let's check Nevada because they're
also very expensive. They are Douglas County three dollars fifty
(28:07):
seven cents, Washoe County four dollars fifteen cents. So it's
high threes and low fours. But the average across the
country is now three dollars and four cents. That is
going to help keep inflation reporting lower. Food prices are up,
clothing prices are up, lumber prices are up, you name it,
(28:31):
prices across the border up. But if you can keep
gasoline going down, that offsets a lot of that inflationary
pressure that is facing the economy. One last item that
I've been wanting to talk to you about. I'm struggling
with this. It's about the White House, and it's about
the house, and it's about the ballroom and as of today,
(28:55):
they have a big heavy machinery in their tearing up
heart the east wing of the White House so that
they can that's where they're going to put the new ballroom.
The ballroom is supposed to be a two hundred and
some million dollar addition to the White House. And I
when I first heard about this, I thought, wait a minute,
(29:17):
he's a tenant, he does That's not his house. If
you're a tenant, you rent an apartment, you rent a house,
you can't. Oh maybe maybe you can. You know, of course,
you can decorate it however you want. You can put
up all kinds of gaudy gold stuff or whatever you like,
(29:37):
but you can't tear down walls. That's not his house.
But he well, I went back and I looked, and
I remember that when Truman was president, apparently the house
was in very very bad shape. And what Truman did
was he went to Congress and said this house is
(30:02):
actually dangerous, and they moved out. The Trumans moved out
and moved across the street to Blair House during most
of his administration between forty eight and fifty two, nineteen
forty eight to nineteen fifty two, and what they did was.
They went into the guts and they tore apart the
inside of the White House and replaced them with steel beams.
(30:22):
The outside did not change, but he had Congress put
together a commission to decide what to do. So Congress
was involved. They assigned a commission to oversee the structure
of the White House. And this time there's nothing. Donald
Trump just out of the blue said I'm building a
two hundred million dollar ballroom because oh, everybody wants a ballroom.
(30:48):
And I've been to the White House a number of times.
The East Room is a beautiful big room. That's where
they have all their big events. I don't know why
they need a ballroom. But it's also bothering me that
this is not his house. It's the people's house. But
Scott Jennings, who is a very thoughtful, smart guy hangs
(31:10):
out on the right side of the aisle, was asked
about this, and this is his response. Well, it's certainly
Donald Trump. I mean, he is all about hospitality.
Speaker 11 (31:20):
That's his business, and this is going to give us
a place in the White House to do the biggest
and best hospitality we've ever done. I will say I
don't think it's super unusual for the White House to
undergo massive construction projects. I mean all the way back
to Thomas Jefferson putting in the colonnades, or Theodore Roosevelt
putting in the West wing, or FDR putting in the
East wing, Nixon putting in the press briefing room, over
(31:42):
top the swimming pool, the fence going up, Clinton closing
Pennsylvania Avenue. I mean, you go on and on and on.
The White House is typically under construction, either in small
ways or in large ways. The most significant cosmetic reconstruction
was probably Harry Truman when they gutted the White House.
But he also you'll remember, added the Truman Balcony, which
changed the image of the south side of the White House.
(32:05):
So I think this is another and a long line
of improvements. It's a historic building, but it's a living building,
and it's reflective of the people who live there. And
I think future presidents will enjoy having a space where
you know, you can have all the senators or heads
of state or you know, frankly, it's a public space.
They'll be able to put more people than ever inside
the White House. It's pretty cool.
Speaker 1 (32:23):
Like Scott and I generally almost always agree with him,
but on this one, I'm going leave the White House alone.
But he is right. There have been There was a
bowling alley put in, and there was a swimming pool
put in, and the swimming pool you know where the
swimming pool was where the White House press meet that. Yeah,
(32:43):
they put a floor in over the swimming pool. But
if where the press sits for the press briefings with
the Press Secretary, that's the swimming pool. So they've had
interior changes done. But I'm just fussing. I'm just being picky.
I want to talk about Wall Street today, man alive.
(33:04):
With all the problems in our country and the world,
Wall Street just seems to be completely shaking it off completely.
Dow Jones Industrials another new record. This is the twelfth
new record for the Dow this year, up two hundred
(33:24):
and eighteen. The Dow at forty six nine twenty four.
The SMP was up just less than a point than
Asdak fell thirty six. Gold has been way up and
way down today it was on the way down category,
down two hundred and nineteen to four thousand and one
forty and the price of oil was up thirty cents
(33:48):
it's at fifty seven dollars now, and the fifty seven dollars,
which is again reflecting the fact that there is a
glut of oil and it's also kind of seasonal. In
the fall is demand for oil is at its lowest
of the year. So that's it for today. Thank you
for coming by. I will try this again tomorrow. We
(34:09):
hope to see you then.
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