Episode Transcript
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Speaker 1 (00:00):
This is Gary and Shannon and you're listening to KFI
AM six forty, the Gary and Shannon Show on demand
on the iHeartRadio app. We begin with inflation. Good news
on this front. Inflation did ease last month. Consumer prices
in April were up from two point three percent from
a year ago. It's a small annual increase, but it
(00:20):
shows that it is cooled off a bit, which is good.
Now they are predicting impending doom when it comes to
the tariffs and what that will mean for inflation. But
right now, the what do you call it, the defecation
has not hit the oscillation.
Speaker 2 (00:35):
Correct, And this is, like you said, slow, and it's
the slowest it's been since early twenty twenty one.
Speaker 3 (00:42):
According to the Bureau of Labor Statistics.
Speaker 2 (00:45):
They said that there's a specific number that they look
at for underlying inflation that takes out things like food
that can be volatile, energy which can be volatile, and
they said that inflation went up two point eight percent
compared to the same time last year, which would be
in line with what we saw a month earlier.
Speaker 1 (01:05):
That aside, if you are going to look at food,
I don't know why they continue to look at eggs,
especially when we're in the midst of a bird flu.
They do, though, they continue to look at egg prices
which were down twelve point seven percent in April because
there was a break and the bird flu. It had
nothing to do with inflation. Leave the eggs out of
it if you're looking for an indicator, because they have
(01:28):
been up and down and up and down just because
of that bird flu alone.
Speaker 3 (01:31):
Yeah.
Speaker 2 (01:31):
I mean look at the things like they do, very
specific categories here, food away from home, motor vehicle insurance,
non alcoholic beverages, tobacco and smoking products. I think all
of those would be more outside of some sort of
regulatory issue, those would be a lot more indicative of
the actual inflation.
Speaker 1 (01:52):
Stephen Brown is an economist of capital economics. He says
the overall tariff impact was muted, furniture costs were up
a bit. But they say this coming on the significant
u turn news from the Trump administration on the tariffs
with China, is good. That this news coming on the
(02:13):
idea that we see relief on the horizon, is all
good for the economic forecast. I cannot find an article,
even from Trump enthusiasts, where we won the whole thing
with China, and I wasn't expecting to I wasn't expecting
(02:34):
to see Chin. I did see articles of Oh, China
pulled one over on Trump or what have you, but
they come from the sources that you would expect them
to come from. These were two superpowers trade partners that
were not going to budge. Nobody was going to capitulate
wholeheartedly here.
Speaker 2 (02:54):
Yeah, And I mean the ninety day pause or the
ninety day e callback of the one hundred and forty
five percent tariffs down to thirty percent. That doesn't mean
this is over by any means, because there have been
plenty of times when China has entered into agreements with
the United States or the world think the World Trade
Organization or whatever, and then just turned their back on
(03:16):
those agreements.
Speaker 4 (03:17):
Well, and I'm.
Speaker 1 (03:17):
Wondering if it gets louder that Trump did not win
this round, that he did back down.
Speaker 2 (03:24):
If he jacked down and imposes more interior yeah tariffs,
how he would react or moves the goalpost in terms
of what he would want from China.
Speaker 3 (03:30):
Right.
Speaker 2 (03:32):
There is also something interesting about these inflation numbers.
Speaker 3 (03:34):
Two things.
Speaker 2 (03:35):
Number one, As we mentioned at the beginning, these are
kind of lagging indicators. So this is last month's inflation.
We didn't really get a chance for tariffs to kind
of take hold. Before any of this materialized. In terms
of inflation numbers, there could be a bump up if
nothing else, just anticipation of the tariffs, and of course
(03:55):
our biggest trading partner in China. That means that you know,
with those off the table, the blip would be temporary.
Speaker 3 (04:01):
But the second thing is what impact this has on.
Speaker 2 (04:07):
FED chair and whether or not in the next meeting
they decide to lower lower interest rates because you usually
raise interest rates to try to cool off inflation. Now
that it is cooling off, are they ready to lower
those interest rates again and start moving some of this
money around?
Speaker 1 (04:24):
Well, the Trump family business has grown significantly in recent
months in the Middle East. His sons have spent the
past few weeks crisscrossing the Middle East laying the groundwolk
work for deals that are going to benefit the Trump
name and the company. A lot of people talking about
constitutional conflicts, and this is just fascinating stuff. Not a
(04:46):
lot of people pay attention to this, but it is fascinating.
And before you go name calling or finger pointing, we
did the same We did the same deep dive into
Biden and his family and the hunter. Hunter's fascinating how
connected globally our political leaders are here in the United States,
(05:07):
which goes to my point that they're never just looking
out for the country. They're looking out for the bottom,
the bottom, the bottom line when it comes to dollars
and cents and families. By the way, did you hear
Biden's basically broke that. Usually, you know, a former president
goes out on the speaking circuit, makes boatloads of money,
but no one's paying for that. You can't do that
(05:29):
er speech exactly, and no one does, and so he's
not making any money. Apparently they're in not good straits,
the Biden family financially.
Speaker 3 (05:38):
Well.
Speaker 2 (05:38):
We'll continue this great Tuesday show. A true crime Tuesday
is coming up late in the show. Of course, we've
got a wellness segment coming up. And I saw this
amazing article airlines are planning for nuclear war. Yeah, I'm
really interested in that. It's the weirdest concept to think of.
Speaker 1 (05:56):
How about plan for just getting from point A to
point B and having your traffic controllers to get you there.
Speaker 3 (06:03):
Let's start with new one. Yeah, and then we'll move on.
Speaker 4 (06:06):
Come on, you're listening to Gary and Shannon on demand
from KFI AM six forty.
Speaker 1 (06:13):
Maybe a little bit of a softer gentler Trump saying
that he wants to avoid conflict with Tehran. He says
he's willing to end passed conflicts and forge new partnerships
for a better and more stable world, even with profound differences.
He did dispatch Steve Witkoff to meet with Iranian officials
yesterday for a fourth round of talks, trying to get
(06:34):
a rando abandon its nuclear program. You're not going to
get that, but Trump says he hopes Saudi Arabia will
soon join the Abraham Accords and eventually recognize Israel.
Speaker 3 (06:45):
Are the other things I'm going to get that.
Speaker 2 (06:46):
One of the big applause lines that he just leveled
for everybody there in Saudi Arabia was a dropping of
the extended sanctions against Syria now that bash Erasaud is
out as the leader of that country, trying to give
them a chance to succeed.
Speaker 5 (07:04):
And also with President Ernigan of Turkey, who called me
the other day and asked for a very similar thing,
among others and friends of mine, people that have a
lot of respect for.
Speaker 3 (07:16):
In the Middle East.
Speaker 5 (07:18):
I will be ordering the cessation of sanctions against Syria
in order to give them a chance at great This.
Speaker 2 (07:25):
That was, you know, it's probably the biggest applause line
in that entire speech, that he just.
Speaker 1 (07:30):
Thinks Syria a chance of greatness.
Speaker 3 (07:33):
I mean, everybody deserves a chance.
Speaker 1 (07:36):
Is that right?
Speaker 3 (07:36):
Telling me there's a chance now.
Speaker 2 (07:39):
The big question about the business conflicts, I think is
one of the things that will hamstring this president.
Speaker 3 (07:45):
We've said multiple.
Speaker 2 (07:46):
Times he can be his own worst enemy when it
comes to his desire to be the greatest president that
the United States has ever had.
Speaker 3 (07:55):
He continues to do things.
Speaker 2 (07:57):
That chip away at whatever leg see he wants to build,
and this is one of them. Allowing his sons, or
encouraging his sons, or whatever he's doing with his sons
to crisscross their way back and forth across the Middle
East to come up with all of these cryptocurrency deals,
these new Trump organization hotel deals.
Speaker 1 (08:15):
There's going to be money to be made from the office.
And Trump's legacy is that of a businessman. The Trump
name is his legacy. This is what he wants to
be known for. Just last week, his son Eric, spoke
to a crowded convention center in Dubai about the Trump
Organization's plans to build an eighty floor hotel and residential
(08:35):
tower there. He boasted that the incredible icon would redefine luxury,
have the highest infinity edge pool in the world. On
behalf of myself, on behalf of my family. Family. We
love Dubai. This is a blatant We are using the
office of the President and the Trump name to make money.
(08:57):
It's blatant is because it's so far in your face
that it's almost too much to raise your hand and go,
is there some sort of impropriety here? Is this is
a thing because it's so they have stepped on the
gas pedals so far that it erases, well, there can't
be anything wrong with this. I mean, you're so far
(09:21):
out in the open with it. It's all legal rights.
Speaker 3 (09:24):
There has been no proven illegality.
Speaker 2 (09:26):
No one has come forward and said what they're doing
is completely illegal and here's why. But they're also doing
something to your point, so out in the open, so crazy,
so wrecking ball to the conventional norms that.
Speaker 3 (09:43):
Who's going to challenge them?
Speaker 2 (09:46):
My question is, did was there a moment when Trump,
Let's say Trump jumped up in the polls before the election,
right and he was pretty confident that he was going
to win. Was there a moment in his mind where
he thought, you know what, I left a lot of
money on the table in that first term, and this
time time we're cleaning out.
Speaker 1 (10:06):
Yes, and let us all be distracted with the red
herrings involving Alcatraz in the like Trump while the Trump
brothers are in the Middle East selling the name. We're
over here going you can't rebuild Alcatraz.
Speaker 2 (10:23):
That was a Steve Bannon dictate, which was flood the
zone with as much information, fire hose of state going on.
Speaker 1 (10:30):
And then go hard in the paint. It's a basketball term.
Speaker 3 (10:36):
Oh, I know exactly. I know exactly what it is.
Speaker 1 (10:40):
Go ahead, make that segue.
Speaker 3 (10:42):
Oh, that's why I'm trying to fight. Something else to
talk about more of that.
Speaker 4 (10:46):
In swamp Watch, you're listening to Gary and Shannon on
Demand from KFI AM six forty.
Speaker 2 (10:53):
That book that comes out next week called Original Sin.
Jake Tapper from CNN, Alex Thompson from AXIO. They describe
I wouldn't I don't know if they're complicit in it
or not.
Speaker 3 (11:06):
I can't wait to read the book.
Speaker 2 (11:08):
But they described the media's cover up of the decline
of Joe Biden while in the White House during his term,
and the obvious physical things that we could see in
events that he was doing, but also some of the
mental things that people in the White House noticed but
didn't say anything about or didn't do anything about.
Speaker 1 (11:26):
If you're wondering where that full page op ed from
George Clooney came from, which really put the ball in
motion for getting rid of Biden on that ticket, I mean,
really that was the first thing.
Speaker 3 (11:38):
It's because by far the biggest thing.
Speaker 1 (11:39):
It's by far the big It was like Tom Hanks
getting COVID. You know, it was like the first thing
that got the ball rolling in terms of greater attention
on a singular issue. It's because Biden didn't recognize George
Clooney at a fundraiser. Yeah, I can't, although I don't know. Oh,
(12:00):
if I saw George Clooney, I mean I have never
met him. Biden had met him, but I would say
something like that's not George Clooney, is it.
Speaker 2 (12:08):
But if you're going to a fundraiser run by guy, Yeah, yeah, yeah, sure,
and you know who he is.
Speaker 1 (12:14):
That's true.
Speaker 2 (12:15):
One of the things that has come out in this
book again they're obviously doing drips and drabs to help
boost the sales, is that aids in the White House
were so concerned about his physical condition, about Biden's physical condition,
that they were discussing the idea of putting him in
a wheelchair if he had been reelected.
Speaker 1 (12:38):
Which makes sense. I was just telling Gary off the air,
you know, watching him walk to the podium or really
walk anywhere. If that was our relative, we would have
had them in a wheelchair. And I think it was
the suit. Why that didn't dawn on us when you
saw him walking so gingerly like he was going to
fall every other step. If that was somebody that we
(12:58):
know and love in our lives, we would raise the
issue of, hey, why don't we just put you in
a wheelchair and it'll be easier, what have you. But
it's a suit. I think the suit and the fact
that we've seen Joe Biden for forty years in a
professional capacity, that that didn't cross our minds. But of
course it should have crossed our minds.
Speaker 2 (13:15):
Yeah, well, we like I mean, yours is a great
analogy if that was somebody in sweatpants and a dirty
T shirt somewhere. Yeah, because dad doesn't have a good
isn't getting around easily?
Speaker 3 (13:31):
We would have gotten the walker, Yeah, we would have
gotten a cane.
Speaker 1 (13:33):
We would have done all on those things. Yeah.
Speaker 3 (13:35):
So anyway, that.
Speaker 2 (13:36):
Obviously is going to be one of those stories that
continues to come up this week.
Speaker 1 (13:40):
Sean Ditty Combs's former girlfriend are mb singer Cassie took
the witness stand in his sex trafficking trial today. She
is the star witness. She testified about being abused sexually
exploited by him for years. Of course, we saw the
video of Diddy beating her in that hotel in the
hallway in twenty sixteen, and that has been showed to
(14:01):
the jurors as well. He met her when she was
very young, and it seems like it was definitely a
grooming process, him kissing her shortly after she was signed
to the record label, introducing her to oral sex, which
she didn't know about. Later progressive, she testified about his freakoffs,
some of those crazy parties where gallons of baby oil
(14:25):
were involved. She says. She testified today again eight and
a half months pregnant. On the witness stand, she testified
that these freakoffs became a job that.
Speaker 2 (14:36):
They would go on a lot longer than she wanted.
She said one of them lasted four days, and that
at one point in the relationship that was basically all
they did was they would have these parties, these sex
driven parties, and then she would recover like that was it.
She didn't have time to do anything else, and then
(14:57):
the next one would come around. She was on the
stand and was asked about that video. Of course, that
video that we've all seen from the Intercontinental Hotel where
she is trying to leave. She described it as having
been right after one of those freak offs and apparently
had had enough and was going to take off, and
that's when Diddy comes out in just the towel and
(15:20):
throws her to the ground and kicks her. They didn't
spend a lot of time on that when it came
to testimony, because she then started getting into some of
the details of these sex parties.
Speaker 3 (15:29):
That they would get into.
Speaker 2 (15:32):
But we'll come back and there's more to this in
terms of what she again she was twenty one. That
was the first time they kissed. Was that her twenty
first birthday.
Speaker 1 (15:41):
Right when she signed the label. She said she feared
saying no would have consequences making him angry, and also
worried that he was going to blackmail her with the videos.
It turns out she may be doing that to him. Well,
not blackmailing, but those videos of the freak offs maybe
introduced in court, they kind of set the stage for that.
(16:02):
We'll talk about it when we come back.
Speaker 4 (16:04):
You're listening to Gary and Shannon on demand from KFI
AM six forty.
Speaker 1 (16:09):
Did you see Connor and Jack Black on one of
the late night shows Connor from Love on the Spectrum?
But no, it wasn't Connor, it was Tanner Tanner.
Speaker 3 (16:17):
Yeah, I did I have seen that? Wait?
Speaker 2 (16:20):
Was it the one where Jack Black surprised him? Yes, yeah,
I've seen that. Yeah, that's really great. You just reminded
me of Tanner.
Speaker 1 (16:27):
Mostly lizards and squirrels, but right now it's lizards, but
the squirrels are there too. And then we sit it
and then I got cold.
Speaker 3 (16:32):
Do you like lizards?
Speaker 1 (16:33):
I like lizards? Okay, So Cassie Ventura is on the stand.
This is Diddy's former girlfriend. She entered the courtroom. They say,
eyes facing forward, passing by the jury box straight to
the witness stand eight and the half monks pregnant Calms
was seated, turned around in his chair and watched her
walk to her seat. No eye contact between the two.
(16:54):
She would dab her nose and her eyes at time
with Kleenex and they were wiven. A disclaimer the court
room was the details are going to be graphic, and
we will tell you the same.
Speaker 2 (17:07):
She said that she knew that Sean Combs had many girlfriends,
but that in the early part of her relationship again
she's twenty one, when they kissed for the first time,
she thought that they were in a monogamous relationship, but
quickly realized they weren't. He had been connected to I
think it was kim Porter as well at the time. Yeah,
(17:29):
and that she said, within the first year of the relationship,
he proposed this idea, this sexual encounter these are her words,
that he called voyeurism, where he would watch me have
sex with a third party, specifically with another man, and
she said she didn't feel like she could refuse those
offers from him because he controlled a lot of her life,
including her career.
Speaker 1 (17:50):
She described him at this time, in the beginning as
a fun guy who happened to have her career in
his hands. That this was the guy who called all
the shots when she was younger. You can imagine he's
the head of the label. You're a young artist. All
of this. She said that some of their arguments would
be violent and result in some sort of physical abuse.
(18:12):
Here's a quote. He would smash me in my head,
knock me over, drag me, kick me, stop me if
my head was down. She experienced or he experienced, she said,
mood swings. If she didn't answer her phone, he would
call her incessantly, send staff to find her. She kept
broken laptops, iPads and phones. She feared that blackmail materials
(18:37):
would become public, and she has turned over the laptops
to the prosecution. They do allegedly store the freak off videos,
black eyes, bruises, yep, all part of the relationship.
Speaker 3 (18:56):
She is probably going to be the star win.
Speaker 2 (19:01):
I can't think of anybody more impactful than hers her testimony.
One of the guys that was paid to have sex
with her testified yesterday, as did the security guard from
that hotel here in la that was originally called after
that beating incident where everybody caught on tape what he
did to her.
Speaker 3 (19:21):
She said that.
Speaker 2 (19:26):
All of that stuff that she's got, like you said,
had been turned over to prosecutors, and there's a good
chance that they'd be able to recover something that would
also be one of those things. Here's my question. Though
he's not charged with domestic violence, is he and the
defense attorneys in this case we mentioned yesterday, Tenny Garags
(19:46):
is Mark Garrogos's daughter, says that, yeah, Sean Combs had
an unusual lifestyle and he was a swinger, but that
the sex was always consensual, which obviously Cassie is explaining
wasn't and that she also acknowledged that Sean Combs had
a bad temper this is the defense attorney, and had
committed some acts of violence against his victims, but that
(20:09):
they were domestic incidents that was fueled by jealousy on
both sides.
Speaker 1 (20:14):
Yeah, it's hard to prove domestic violence like this over
a ten year period. You've got that video that's very helpful, sure,
but the sex trafficking, the racketeering, that's where the real
that's where the real time is. When you look at
that type of sentence, you're not going to get that
for domestic violence. You're going to get that for sex trafficking.
(20:36):
If he was moving these girls around like they said.
Speaker 2 (20:39):
He was, well, we'll see what happens when the defense
also get a chance to question Cassie venture.
Speaker 1 (20:44):
They are on break for lunch. We will get you
caught up coming up at noon when we talk about
everything that's trending everywhere, because the story will continue to
do so. When we come back, though, we've got a
sex stortion scam that has been linked to a California
teenager suicide to tell you about. This is a problem
that is not going away. We'll get into it.
Speaker 3 (21:06):
You've been listening to the Gary and Shannon Show.
Speaker 2 (21:08):
You can always hear us live on KFI AM six
forty nine am to one pm every Monday through Friday,
and anytime on demand on the iHeartRadio app.