April 24, 2025 • 33 mins
Trump tariff plays and market reactions.
The market seems to be climbing back, we will visit with economist and money wiz David Bahnsen on how long it will last?
In many cities rent is now MUCH less expensive than buying, and one of the best new investment properties are mobile homes. National Correspondent RORY O’NEILL looks at the changing landscape of homeownership in the US.
See omnystudio.com/listener for privacy information.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hi, it's me Michael. Your morning show can be heard
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Speaker 2 (00:20):
Starting your morning off right, A new way of talk,
a new way of understanding, because we're in this together.
Speaker 3 (00:29):
This is your morning show with Michael gil Trump.
Speaker 1 (00:34):
Well, if you needed more approve, Joe Biden wasn't really
president you find it from the New York Times. He
was actually against trans athletes competing against women.
Speaker 3 (00:42):
But that didn't.
Speaker 1 (00:43):
Stop the administration from pushing a redefinition of Title nine.
The Atlantic bending over backwards to praise President Trump for
his solutions to the border, and this just didn't help
rose over over that story and Dick Durban stepping down
from Congress. He's only eighty. Don't leave until you die,
do you? After your morning show? Keep it right here
(01:05):
at eight for Glenn Becky Your Morning Show and Glenn
Becker we start your morning Zops Right Talk Radio ninety
eight point three and fifteen ten WLAC HI David Judge.
Speaker 2 (01:14):
The Palzano here markets are at all time highs. The
economy seems unstoppable. Euphoria has set in, but the last
administration has buried us so far into.
Speaker 4 (01:25):
Debt and deficits.
Speaker 2 (01:26):
It's going to take a lot of digging to get
us out of this hole.
Speaker 3 (01:29):
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Speaker 2 (01:30):
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Speaker 4 (01:40):
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Speaker 2 (01:41):
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Speaker 4 (01:47):
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(02:11):
seven twenty four.
Speaker 1 (02:12):
Hundred is no, the market isn't attached to news cycles.
But boy, when it comes to tariffs, it seems like
it is. The minute the present damped down any rumors
that he would get rid of the FED chair, the
minute he talked about deals, they're coming in, we'll work
something out with China.
Speaker 4 (02:30):
But he can't down.
Speaker 5 (02:30):
Rumors, you mean, like when he explicitly said it and
then that rumor, well, yeah, no he said it, and
then he backed off of it.
Speaker 3 (02:38):
But I mean, you know, in other words, got everybody.
Speaker 1 (02:40):
It does seem like on tariffs the market does react.
Speaker 5 (02:44):
Well, I know, but nobody has ever said that markets
don't respond to news cycles.
Speaker 4 (02:49):
What I say constantly is that the.
Speaker 5 (02:53):
News cycles are the short term elements of markets weighing sentiment,
and that investors are investing in the long term element
of markets weighing earnings, so that those are two different things.
Day by day, of course, markets are weighing news cycles.
Now what it is in the new cycle being weighed,
(03:13):
you know, like, let's take a day like yesterday, market
was up a thousand points and then gave a bunch
of it back, but was still up on the day.
Speaker 4 (03:20):
But was it up.
Speaker 5 (03:21):
Because he came out and backtracked on what he was
said about getting rid of the FED chair. You know,
it wasn't up because he went backwards on threatening to
make the President of the United States the head of
the Federal Reserve. Or was it also up because Scott
Besson is reporting Treasury Secretary Besson was reporting that they
think they're making progress in a deal with China. There's
(03:46):
always room for ambiguity about what in the news cycle
is impacting sentiment, but there's no question that day by
day sentiment and new cycle things are affecting market activity.
I would just argue that's not necessarily a very good
thing if poor people who want to.
Speaker 4 (04:05):
Be invested in companies.
Speaker 5 (04:08):
I do not believe there's anything that will happen today
that's going to make McDonald's a more valuable or less
valuable company. But the stock price will go up and down,
And so that's what I'm getting at. Those are two
different things.
Speaker 1 (04:22):
Right although for the president right now, this now this
starts the serious line of questioning. I was just trying
to aggravate you. That's what happens when you take a
week off and we miss you. We decided to start
by aggravating him But here's a serious question, and.
Speaker 5 (04:34):
That is I think it's funny thinks that that was
taking a week off you if you had any idea, No, no,
no from.
Speaker 3 (04:40):
A week off from us, not a week off from life.
You were working hard.
Speaker 4 (04:44):
No.
Speaker 1 (04:44):
But what I was going to get at is all
right now, when you ask specifically about the tariffs, the
president's unfavorable rating is at sixty eight percent. Clearly this
is a political problem for the president to continue down
the road of tariff now he finished the job, find
a way to massage it and get a good exit,
(05:05):
and then overall his favorability ratings, even on the economy
have dipped ten percent. I mean, at what point is
this an obvious political problem for the president and thus
needs a change of plan right now?
Speaker 5 (05:18):
But the whole thing is, I don't understand how has
he not already changed. He threatened to undo the world
trading system, and he chickened out four days later, he's
already undone it. He was talking about six hundred billion
dollars of tax increases, the largest tax increase in world history,
(05:38):
and four days later he said never mind. Now he's
still deep into this stuff with China. Unless you're Apple
or Nvidia. He's still deep into the auto parts and
except for now, he's looking at putting a delay on that.
So yeah, he's already finding the off ramp and realizing
that the advice he got from Pete Navarro and other
(06:00):
that this whole thing could go without disrupting the American
economy was very bad advice.
Speaker 4 (06:06):
But does it get worse from here? That's the question.
I think that if you see his unfavorability.
Speaker 5 (06:13):
At sixty eight percent now and his rating on the
economy down ten and we haven't yet even gone into recession,
I think the president's well aware that the bottom can
completely fall out on this presidency. He is well aware
that there is a clock kicking for the need to
(06:34):
get off ramps to announce certain deals put this VNIE
back in the bottle and undue to some degree the
fallacious idea that the president of the United States can
be the central planner of the global economy. And I
think that's what I want my conservative friends to realize.
What we're up against is not who's pro worker and
who's anti worker.
Speaker 4 (06:55):
I'm vehemently pro worker.
Speaker 5 (06:57):
I don't believe you effect or right policy portfolio for
workers by just getting different central planners in the government.
Speaker 1 (07:07):
Central planning works David Bonnson with the Bonson Financial Group.
Speaker 3 (07:11):
He also presides over the Dividend Cafe.
Speaker 1 (07:13):
Which we encourage people to go learn more weekly from listen.
Speaker 3 (07:17):
And we're not anti Trump either.
Speaker 1 (07:19):
What he's done, what he's done with the border is
a remarkable success. Even the Atlantic is having to acknowledge
that gas prices are down, grocery prices are down, the
jobs are looking better, the jobs report any way, Inflation
is coming down. But he was playing with fire all
along with tariffs, and we wondered why he would have
prioritized that, And now we wonder if it's time to
(07:42):
start wheeling the way out. Can you help our audience
understand the difference between what is the state of the
economy with all of the noise of narratives or even
the following of the stock market, because those things aren't
all the same, right, like what is you know?
Speaker 3 (08:05):
I feel like I feel like Gene.
Speaker 1 (08:06):
Krantz and during the Apollo thirteen mission, what on the
aircraft is actually working right now? So what are the
positives on the economy right now? And what are the
big uncertainties?
Speaker 5 (08:19):
Well, I mean the positives of the economy are all
pretty constant, and none of them have much to do
with politics or policy at all. The positives of the
economy is, we have three hundred and thirty million people
in America, and one hundred and sixty five million of
them work and do things, and their capitalism is a
pretty sensible way to order a society.
Speaker 4 (08:38):
And so that's the good thing.
Speaker 5 (08:40):
People get up and go to work every day and
they create profits, they create jobs, they create economic growth
that happens reasonably organically, and then governments get in the
way of that and impede it. And then governments try
to remove the impediments they created, and we talk about
that like it's a good thing. But the but you know,
when you look at jobs, when you I never really
(09:03):
feel that the unapployment rate up or down is primarily
something that has to do with the president. When you're
looking at the current state of what's going well directed
to the policy, there is this upside possibility of some
additional tax cuts and deregulation.
Speaker 4 (09:23):
And I definitely believe.
Speaker 5 (09:24):
The president has been pretty consistently good on energy independence.
I'm not going to sit here and say when aid
prices go back to normal, that it had anything to
do with President Trump.
Speaker 4 (09:36):
But I think you're aware that I didn't sit there
and pretend it was.
Speaker 5 (09:39):
Joe Biden's fault when AIG prices went higher either. Now,
will the tariff issue lead to higher prices as a
result of products not getting on shore?
Speaker 4 (09:52):
Michael, there's six hundred thousand.
Speaker 5 (09:54):
Containers right now minimum, and I think it's over a
million containers of ago that are not getting into the
United States, that are delayed or canceled of shipments of
product that are not coming in because of the current
stalemate with China.
Speaker 4 (10:11):
That that that's an utter disaster. And then people say like, Okay.
Speaker 5 (10:15):
Well, at least we're going to you know, go through
a hard time, but then we're going to get a
better deal out of it.
Speaker 4 (10:20):
In the end.
Speaker 5 (10:22):
Note, we're not going to get a deal that results
in those products being made next month in Oklahoma.
Speaker 4 (10:29):
It's not going to happen.
Speaker 3 (10:31):
Even if it would happen, it would it would take years.
Speaker 5 (10:33):
Right years, years, and it would be a lot more
expensive because there is a reason that a lot of
these things were not made in Oklahoma or Tennessee or
Ohio to.
Speaker 3 (10:45):
Be lay with.
Speaker 4 (10:46):
So there's a price increase and a time delay. You're
exactly right.
Speaker 5 (10:50):
The the economic concern I have, as we've talked about
several times despite me being gone last week, is that
I think small businesses all over the country that thirty
seven percent of the imports they get from China are
not finished goods. These are American manufacturers making American products,
but part of their unfinished goods that are used in
(11:12):
processing come in from China. Thirty seven percent from China,
forty percent from the rest of the world.
Speaker 4 (11:18):
That's what we're talking about.
Speaker 5 (11:20):
The big tariff impact being Americans can't make things without
some of the parts, and.
Speaker 4 (11:25):
Those things are on delay.
Speaker 5 (11:27):
And that's what I'm worried about in the economy.
Speaker 3 (11:30):
Closing modes with David Bonson from the Bonxon Financial Group.
All right, so President great on the border.
Speaker 1 (11:37):
President usually good on gas, usually good on text cuts,
probably seeing the light on tariffs.
Speaker 3 (11:44):
How does all this play out? What can investors expect?
Speaker 5 (11:49):
Well, then nobody who answers that question should be listened
to because I don't know. But the only reason I
don't know, You don't know, investors don't know is I
don't think the president knows and honest about that, you know.
Speaker 4 (12:01):
JD.
Speaker 5 (12:01):
Vance said the day after so called Liberation Day, the
President's making his decision on his gut, And I think
that was one of the most honest things I've heard
through this whole process. Secretary Vessant has made an argument
for certain things.
Speaker 4 (12:17):
Secretary of Latinik has made a different argument.
Speaker 5 (12:19):
Pete Navarro is constantly arguing to burn it all down,
and then President Trump does what he does, and there
is not a master plan.
Speaker 4 (12:28):
They are pivoting along the way, they're making exceptions, they're
hearing new arguments. No, maybe that's a really good.
Speaker 5 (12:34):
Thing, because you want to be flexible and pliable and
adjust as circumstances weren't other people. But I think it's
a bad thing. It's a little chaotic, it's a little uncertain.
I don't really care if it's good or bad. I
just want people to know that it is. And holding
on to this fantasy that there is this five dimensional
chess game being played is not helpful. But nor is
(12:57):
it unfair to say that the President is rigid and
refuse us to adapt. He listens. He listens a little
bit later than I wish he would sometimes, so you
will follow he's pragmatic. Michael's yeah no, but so let's
play this out.
Speaker 1 (13:11):
You come together. It looks like the vice president may
have security deal with India. There's some thirty four. I
guess there's something like eighteen on paper offers thirty four
and they got the entire team negotiake. You put together
a deal with about twenty countries. You do whatever deal
to get things and get those containers flowing again from China,
(13:32):
and you politically craft an off ramp. I don't know
that we're any better for any of it happening, but
at least it would all be over in a relatively
short period of time and restore certainty in a market
that's very uncertain. Over all this tariff talk, I mean,
that's likely what's coming, right.
Speaker 5 (13:50):
That's why you're one of my that's why you're one
of my favorite talk radio people to appear with, because
what you just said was so incredibly honest. We may
not be better off with any of it, but the
point being that there could be some certainty in a restoration.
I'll give you a great example. They're gonna announce a
deal in Japan. Okay, how do you get a deal
in Japan? That you say is gonna be more fair
(14:10):
when we care of them more than they care of us.
So are we looking to now lower our tariffs of them?
Speaker 4 (14:18):
I don't think so.
Speaker 5 (14:20):
So basically, they have to somehow act like they got
a good deal in Japan when we already had a
better deal, and they're gonna do it.
Speaker 4 (14:27):
They're gonna pull it off.
Speaker 5 (14:28):
They're gonna announce something in and say, look at because
of our efforts, we got a great deal of Japan,
but it was all based on something that was fundamentally
untrue to begin with. So India, we're gonna get a
better deal Japan. We're gonna pretend we got a better deal.
But that's okay to your point. It'll lead to more
certainty and an end of this national nightmare. The issue
(14:48):
is China. It's not the other seventy countries. It's not
Swiss chocolate, it's not Bolivian coffee.
Speaker 4 (14:55):
It's China. And that is going to be a lot
more complicated, I'm telling and we'll see, David.
Speaker 1 (15:01):
I think I'll go to my grave believing I'm right
on this. This It just it's stuck in the President's
kraw the notion that China was going to make twelve
thousand dollars cheap EV cars in Mexico and flood them
over the border the way you know, immigrants have been
flooding through our border. That just got his goat, and
I think that gave his ear to Navarro and some
(15:22):
other bad advice. Why he didn't pivot after the border
victory straight to the tax cuts is beyond me. But
the sooner this is over, the better, as far as
I'm concerned. We can We're already over. But in ten seconds,
what's on the Dividend Cafe this week?
Speaker 5 (15:34):
You know, I'm going to be covering the five most
important things going on in the economy right now, some
of the stuff we've talked about today, So Dividend Cafe
will get into all the things that matter in the economy.
Speaker 6 (15:47):
So this is Big John and my morning show is
your Morning Show with Michael B.
Speaker 3 (15:52):
Jeffrey and Red boocket. Hey, it's Michael.
Speaker 1 (16:00):
Your Morning Show can be heard live each weekday morning
on great stations like thirteen sixty The Patriot in San Diego,
News Talk one oh six point three and AM eighteen
eighty wm EQ Oh Claire, Wisconsin and one oh four
nine The patriot and Saint Louis, Missouri would love to
be a part of your morning routine. But so glad
you're here now enjoyed the podcast. Look, I love Donald Trump.
(16:23):
The notion of Kamala Harris being president right now makes
my palms sweat. I also love my wife, and I
don't understand why an old office chair and a bookshelf
has been in the front entry for three days. All right,
So I don't always agree, even with my wife. But
I'm not I'm not born yesterday. I know if somebody
says something critical of the president, you're going to overreact
(16:46):
to it. The truth of the matter is, and I've
said from the beginning, you're playing with fire with tariffs,
and I don't know why you went there next now
to a point redmead off the year that I think
is important, and this is why the president's been frustrated
with your own power. But he shouldn't have gone so
far as to say he was going to fire him.
Then he had to backtrack because the market reacted. But yeah,
(17:10):
the Fed left him hanging on an island because he
didn't cut rates that would have helped. Don't forget Republicans
who control the House in the Senate have left the
President on the island because they haven't got the tax
cuts done. Had those two things happened as the President
was playing this art of the deal game, dangerous game
with tariffs, things might have turned out differently. But they didn't,
(17:33):
and it hasn't and it is a political problem, and
it's one the President's going to have to navigate his
way out of. But at the end of the day,
no matter how you view this, you can't build and
manufacture this stuff here overnight. It's going to end up
costing you a lot more money and in the long run,
(17:53):
more money because of the cost of labor here. That's
a reality. And you can't shoot it guy for saying it.
And what uncertainty is doing to the market, you can't
shoot the messenger. But I understand that you're going to
get a rise anytime somebody says something critical of the president.
So let's start with Angela. I'm gonna get a couple
(18:14):
of these in then I want to get to my
favorite story of the day. But Angela. First up, Angela
is a Sarah Phoenix.
Speaker 7 (18:18):
I am really amazed at the analyst and pollsters who
want to continue to check Trump's decisions and changes of
decisions on the daily like this. We need to let
this man run his agenda out. He is not seeking
another term, so nothing matters to him politically, quote unquote,
(18:40):
he wants change.
Speaker 1 (18:42):
Well, first of all, let me give you some things
to think about, Angela, and you know I love you
and you know I respect you. But trump Ism is
the new Republican Party, or as we often say, it's
some kind of morph between Reagan Revolution tea party movement
and Trump is a mega. It's all become this new
big America Party and he should care about it. Remember
(19:05):
Ronald Reagan's legacy was the Revolution, not as eight years
as president. So if you want life to trump Ism
and you don't want to go back to establishment Republicanism,
it matters how the president is perceived and leaves office.
Not to mention the handoff, whether it's JD. Vance, whether
it's DeSantis, whether it's Marco Rubio. They're on the ballot
(19:28):
in four years, and you're missing the most obvious and
urgent what drives midterm elections. Opposition Party America has a
proclivity to want to turn right around after he gets
a Republican president and give Congress to the Democrats. Do
you want to wake up with that reality? No, this
(19:49):
stuff matters. Think it through a little better, James, I
think is who it is next?
Speaker 4 (19:58):
Oh no, no, no, no, no, don't give up a past. Michael.
Here's what happened.
Speaker 6 (20:03):
Joe Biden destroyed twenty million chickens and the price skyrockety.
Speaker 1 (20:08):
Everybody else had the bird flu as well, and they
treated their chickens. That is not an accurate statement. First
and foremost, I don't make him look. First of all,
I don't even think Joe Biden did anything. Joe Biden
was in president. New York Times makes that clear today.
Whoever made the decision to kill the chickens. That is
a common practice. Affected poultry flocks with avian influenza are
(20:32):
generally euthanized. That prevents the spread of the virus. So
when bird flu is detected in a poultry flock, the
affected birds are euthanized to stop the spread. This is
the standard practice to protect both the remaining birds and
the broader poultry industry. What was stupid was for anybody
(20:52):
to blame this as a presidential or political crisis or
created crisis. This was a navy and flew poultry issue.
But we don't do that. We narrativize everything because everything
comes down to us versus them. And while we're busy fighting,
(21:14):
the elite or the members of Congress are getting rich.
But no standard practice is to euthanize. I realized that
was a lot, but that's the standard practice. Uh, Big
John is last.
Speaker 3 (21:27):
Don't play this.
Speaker 6 (21:28):
But David Boson is great, his insightful thoughts of the
market going forward. He's just a real guy. People be
too deep into that guy. He's a financial guru. Okay, Well,
one he said don't play this, and you.
Speaker 1 (21:42):
Played it, so I apologize for that. But now that
you played it, you know. We can't be afraid of
people's thoughts. And again, they're not malicious towards the president.
If there's any maliciousness, it's towards Navarro and why this
guy has the presidenc here? Now Ken Marco Ruby can
be sent Can the others clean this mess?
Speaker 4 (22:03):
Well?
Speaker 1 (22:04):
The President negotiate his way out of this, because the
sooner we get through this whole terraf uncertainty, and the
sooner we get to the tax cuts. The sooner, I think,
and it'd be nice if the Fed chair with lower
interest rates along the way, the sooner the economy really
starts to take shape, and then that will leave the
(22:25):
Democrats nothing to run against or a new COVID to
create to try to destroy him, and don't roll out
the ladder. My favorite story of the day is, all right,
so here's David Hogg. This guy becomes you know, he
just shows up at Parkland. He wasn't there when the
shooting actually took place, but he becomes the face and
(22:47):
the voice of the Parkland shooting.
Speaker 3 (22:48):
Mister Anti gone.
Speaker 1 (22:49):
And then all of a sudden he ends up because
you know, the Democrats like to play these issues, and
he ends up the vice chair.
Speaker 3 (22:56):
Well, this is a big.
Speaker 1 (22:57):
Problem because now this guy's raising millions of dollars to
target Democrats. Now the Democrats cracked me up, because keep
in mind, Democrat voters chose Bernie Sanders, and the DNC
that's not supposed to be getting involved in primaries got
involved in primaries to Ricket for Hillary using super delegates
(23:19):
and other Shenanigans did the same thing with Biden in
twenty did the same thing when they were done with
Biden with Kamala Harris after everybody voted Democrats are always
involved in primaries. In terms of the DNC, they don't
care about their voters. They can't have a socialist nominee
for president of the United States, so they shafted.
Speaker 3 (23:38):
Bernie three times.
Speaker 1 (23:40):
Well, now Bernie's passed the torch to AOC and now
they got this Hog as vice chairman. So one of
the early questions we had is, all right, where's the
chairman of the DNC and how long is he going
to let this wild man go around on shows talking
about he's going to target establishment Democrats and old farts. Well,
(24:00):
guess why Ken Martin has finally chimed in. DNC leadership
is planning to expand its non endorsement policy to all elections.
Members will hear from the chair Ken Martin today this afternoon,
as many remain furious over Vice chair David Hogg's plan
(24:22):
to support primary challengers. I wonder if Dick Durbin was
one high on the list at eighty and that's why
he's stepping down A week after the DNC Vice chair
David Hog unveiled his controversial plan to back primary challengers.
By the way, this is what socialist justice democrats do.
That's how you got AOC she defeated a ten term
establishment Democrat in New York, a Bartender. Well, now, establishment
(24:50):
Democrats probably sixty percent of the party. Some of them
identify as progressives, but then again, the socialists call themselves progressives.
So I'll use social and progressives because there are no
real conservative or centrist Democrats left. So you got about
sixty percent progressive thirty five percent crazy socialist justice Democrats.
(25:11):
They're at war with each other. And now you've got
a chair that represents the sixty percent and a vice
chair that represents the thirty five percent. And they can't
pull off what they did with Hillary and what they
did with Biden if they got this vice chair funding
the targeting of low hanging Democrat fruit primary after primary
(25:31):
in specific states and districts. So now at DNC that's
always meddling against its own voters, says no, we're going
to make sure that there's a non endorsement policy in
every election.
Speaker 3 (25:48):
And here comes Ken Martin the chair to put this.
Speaker 1 (25:54):
Genie David Hawk back in his bottle. OO told you
this was coming, and guess what it just came. All right,
if you're just waking up, it's time now for your
top five stories up to day, starting with mefore mentioned.
(26:18):
Dick Durbin, Illinois Senator, leaving before the to tag. I
mean he's only eighty, but he's announced he's leaving Congress.
Speaker 8 (26:24):
The Democrat announced on Wednesday that he will not seek
reelection next year. He currently serves as the Senate of
Minority Whip and is a ranking member of the Judiciary Committee.
Durbin said in his heart he knows it's time to
pass the torch. He was elected in nineteen ninety six
and is one of the most senior members of the Senate.
Durbin also represented Illinois in the House for fourteen years.
Speaker 3 (26:44):
I'm Mark neephew.
Speaker 1 (26:45):
President Trump says Ukrainian President Zelensky's making it hard to
settle this war with Russia.
Speaker 9 (26:50):
In a post on True Social Trump said Zelenski saying
in the Wall Street Journal that Ukraine won't recognize Russian
occupation of Crimea is harmful to peace negotiations. The president
question why Ukraine didn't fight for the region eleven years
ago when Russia took control with no shots fired.
Speaker 3 (27:05):
I'm Lisa Taylor.
Speaker 1 (27:06):
Well, President Trump made a crystal clear. Defense Secretary Pete
Hegseth has his full support, and the VEEP wasn't far behind.
Speaker 3 (27:12):
Vice President JD. Vance also gave his support.
Speaker 1 (27:16):
I have one hundred percent confidence in the Secretary. I
know the President does, and really the entire team does.
Speaker 3 (27:21):
I think he's doing a great job. I think that
he's brought a certain spirit back to the Department of Defense.
Speaker 10 (27:26):
It comes after a report that said the White House
was in the process of looking for a new leader
at the Pentagon. Hegseth has come under fire after reports
he shared detailed military plans in two different group chats
in the Signal app.
Speaker 3 (27:40):
I'm Brian shuk Well.
Speaker 1 (27:41):
The deadline for needing that real ID to travel it's
approaching and many DMVs are getting swamped with long lines.
Speaker 11 (27:48):
May seventh is the day travelers will need a real
ID compliant form of identification like an enhanced driver's license
to board domestic flights or enter certain federal facilities. Some
states have extended office hours or adding staff to meet
the demand. Washington's Department of Licensing facing a backlog of
up to three hours. According to King five communications manager
(28:09):
Christine Anthony Well.
Speaker 8 (28:11):
Due to some budget reductions, we can't really hire more staff.
Speaker 11 (28:15):
To find the best locations and for more information, go
to DHS dot gov.
Speaker 3 (28:19):
I'm Monica Neilson, I'm too.
Speaker 12 (28:21):
The love.
Speaker 1 (28:25):
Senter Jenny Roll closer to getting a full pardon in
the state of Tennessee. The singer songwriter was convicted of
several crimes between the ages of seventeen and twenty three.
He asked Republican Governor Bill Lee for a full pardon
so that he can tour internationally. The Tennessee Board of
Parole this week recommended Governor Lee grant that star's request.
Speaker 3 (28:45):
This is Your Morning Show with Michael del Chuno.
Speaker 1 (28:50):
Round one of the NFL Draft from Green Bay tonight.
Speaker 3 (28:54):
This ought to be a doozy.
Speaker 1 (28:55):
Titans have first pick, Brown's have second pick. It can
only get sad from there. And speaking of said NFL
Hall of Famer, Steve McMichael, former Chicago Bear, great and
Hall of Famer, passed away at the age of sixty seven,
finally losing his battle with als. And in many cities,
rent is now much less expensive than buying. That wasn't
the case here in Middle Tennessee, or still really isn't
(29:19):
the case in Middle Tennessee. And one of the best
New investment properties are mobile homes. I'll never forget one
time roy O'Neil, our national correspondents joining us, there was
a big ad in the Tulsa World newspaper step up
to mobile home living.
Speaker 3 (29:33):
That was like what physically or metaphorically? All right, So
some of those, some of those.
Speaker 12 (29:40):
Mobile homes or manufactured homes or trailer homes, they.
Speaker 3 (29:43):
Don't ice these days.
Speaker 12 (29:45):
But look the problem with those is you buy them,
and like a car, they often depreciate. Typically when you
have a home and you own the land, it's on
you get. They will appreciate and increase in value over time.
But as andre oftentimes or as the last house you
want to live in, people step down to these manufactured homes,
(30:06):
owning the unit but then paying rent. What we're seeing
is more and more people scooping these up as investment properties.
But now Wall Street's gotten worder this stuff, and a
lot of those big private equity firms are coming in
buying the whole trailer park and jacking up rents for
a lot of residents.
Speaker 1 (30:24):
All right, So what are we seeing in terms of
and again it's all so dependent right on the market.
I mean, if you're talking los Angeles, Nashville, Atlanta, New
York City, Manhattan. It may look completely different, but by
and large are we because we know home values are
up extraordinary in some regions and up pretty much generally nationally.
Speaker 3 (30:45):
What about rent, Well.
Speaker 12 (30:48):
What we're seeing I'm bringing up some of the Nashville
numbers right now. We're seeing that average rent, according to
a bank create is about eighteen hundred dollars a month
in the nationals about right, But then the cost of
home ownership is about twenty eight hundred dollars per month,
So there's a fifty one percent disparity there. That's actually
an outlier because the national average is closer to thirty
(31:09):
eight percent. So in Nashville it may make sense to rent.
But again it's going to depend on where you are
in life. Are you just starting out, do you have kids?
Do you want to stay? Do you want to be
mobile with your job perhaps and only be in town
for a couple of years. So it really is tough
to have a one size fits all description here. But
long term, you know, we all believe that investing in
(31:30):
that home, making that long term commitment is better off
for you financially speaking, And it's also tends to be
better for the community. Since then, you know, you join
the rotary club, you become part of the PTA.
Speaker 4 (31:42):
You know, you really put your roots into communities.
Speaker 1 (31:44):
But moving is so traumatic and it's so much work,
you're not usually motivated to do it very quickly, you know.
In other words, rent for a year and then move again.
That's number one. Time tends to fly. And if you're
renting at two thousand dollars a month, you're throwing away
twenty four thousand dollars a year. You know it's gone
and it's gone forever. Whereas if you pay a little
(32:05):
bit more known and that home is appreciating, you.
Speaker 3 (32:07):
Can get it back.
Speaker 1 (32:08):
It's an age old scenario of rent versus by The
question is, with interest rates and cost of housing, is
rent becoming necessary? And we'll keep an eye on the differential.
Let alone, this whole investment thing with mobile homes and
corporations getting involved, this this would be fad. We need
to follow this one up, Rory, keep an eye on it.
Speaker 4 (32:28):
Absolutely.
Speaker 12 (32:29):
Yeah, No, it's a developing trend with more of these
big firms coming in buying up these lots, forcing people out,
and now they have nowhere to go. Because they don't
own the land that most of these mobile homes sit on.
Speaker 1 (32:40):
And you know what happens when people have nowhere to go,
they come to Florida.
Speaker 3 (32:44):
Say hello to them, Rory when they get there, Rory O'Neal.
Great reporting. We'll talk again tomorrow. We're all in this together.
This is your Morning Show with Michael Nhild Joe and
No
Hi, it's me Michael. Your morning show can be heard
on great stations across the country like Talk Radio eleven
ninety in Dallas, Fort Worth, Freedom one oh four point
seven and Washington, DC and five point fifty KFYI and Phoenix, Arizona.
We'd love to be a part of your morning routine
or take us along on the drive to work. But
as we always say, better late than never. Enjoy the podcast.
Speaker 2 (00:20):
Starting your morning off right, A new way of talk,
a new way of understanding, because we're in this together.
Speaker 3 (00:29):
This is your morning show with Michael gil Trump.
Speaker 1 (00:34):
Well, if you needed more approve, Joe Biden wasn't really
president you find it from the New York Times. He
was actually against trans athletes competing against women.
Speaker 3 (00:42):
But that didn't.
Speaker 1 (00:43):
Stop the administration from pushing a redefinition of Title nine.
The Atlantic bending over backwards to praise President Trump for
his solutions to the border, and this just didn't help
rose over over that story and Dick Durban stepping down
from Congress. He's only eighty. Don't leave until you die,
do you? After your morning show? Keep it right here
(01:05):
at eight for Glenn Becky Your Morning Show and Glenn
Becker we start your morning Zops Right Talk Radio ninety
eight point three and fifteen ten WLAC HI David Judge.
Speaker 2 (01:14):
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Speaker 4 (01:25):
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It's going to take a lot of digging to get
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Speaker 3 (01:29):
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Speaker 1 (02:12):
Hundred is no, the market isn't attached to news cycles.
But boy, when it comes to tariffs, it seems like
it is. The minute the present damped down any rumors
that he would get rid of the FED chair, the
minute he talked about deals, they're coming in, we'll work
something out with China.
Speaker 4 (02:30):
But he can't down.
Speaker 5 (02:30):
Rumors, you mean, like when he explicitly said it and
then that rumor, well, yeah, no he said it, and
then he backed off of it.
Speaker 3 (02:38):
But I mean, you know, in other words, got everybody.
Speaker 1 (02:40):
It does seem like on tariffs the market does react.
Speaker 5 (02:44):
Well, I know, but nobody has ever said that markets
don't respond to news cycles.
Speaker 4 (02:49):
What I say constantly is that the.
Speaker 5 (02:53):
News cycles are the short term elements of markets weighing sentiment,
and that investors are investing in the long term element
of markets weighing earnings, so that those are two different things.
Day by day, of course, markets are weighing news cycles.
Now what it is in the new cycle being weighed,
(03:13):
you know, like, let's take a day like yesterday, market
was up a thousand points and then gave a bunch
of it back, but was still up on the day.
Speaker 4 (03:20):
But was it up.
Speaker 5 (03:21):
Because he came out and backtracked on what he was
said about getting rid of the FED chair. You know,
it wasn't up because he went backwards on threatening to
make the President of the United States the head of
the Federal Reserve. Or was it also up because Scott
Besson is reporting Treasury Secretary Besson was reporting that they
think they're making progress in a deal with China. There's
(03:46):
always room for ambiguity about what in the news cycle
is impacting sentiment, but there's no question that day by
day sentiment and new cycle things are affecting market activity.
I would just argue that's not necessarily a very good
thing if poor people who want to.
Speaker 4 (04:05):
Be invested in companies.
Speaker 5 (04:08):
I do not believe there's anything that will happen today
that's going to make McDonald's a more valuable or less
valuable company. But the stock price will go up and down,
And so that's what I'm getting at. Those are two
different things.
Speaker 1 (04:22):
Right although for the president right now, this now this
starts the serious line of questioning. I was just trying
to aggravate you. That's what happens when you take a
week off and we miss you. We decided to start
by aggravating him But here's a serious question, and.
Speaker 5 (04:34):
That is I think it's funny thinks that that was
taking a week off you if you had any idea, No, no,
no from.
Speaker 3 (04:40):
A week off from us, not a week off from life.
You were working hard.
Speaker 4 (04:44):
No.
Speaker 1 (04:44):
But what I was going to get at is all
right now, when you ask specifically about the tariffs, the
president's unfavorable rating is at sixty eight percent. Clearly this
is a political problem for the president to continue down
the road of tariff now he finished the job, find
a way to massage it and get a good exit,
(05:05):
and then overall his favorability ratings, even on the economy
have dipped ten percent. I mean, at what point is
this an obvious political problem for the president and thus
needs a change of plan right now?
Speaker 5 (05:18):
But the whole thing is, I don't understand how has
he not already changed. He threatened to undo the world
trading system, and he chickened out four days later, he's
already undone it. He was talking about six hundred billion
dollars of tax increases, the largest tax increase in world history,
(05:38):
and four days later he said never mind. Now he's
still deep into this stuff with China. Unless you're Apple
or Nvidia. He's still deep into the auto parts and
except for now, he's looking at putting a delay on that.
So yeah, he's already finding the off ramp and realizing
that the advice he got from Pete Navarro and other
(06:00):
that this whole thing could go without disrupting the American
economy was very bad advice.
Speaker 4 (06:06):
But does it get worse from here? That's the question.
I think that if you see his unfavorability.
Speaker 5 (06:13):
At sixty eight percent now and his rating on the
economy down ten and we haven't yet even gone into recession,
I think the president's well aware that the bottom can
completely fall out on this presidency. He is well aware
that there is a clock kicking for the need to
(06:34):
get off ramps to announce certain deals put this VNIE
back in the bottle and undue to some degree the
fallacious idea that the president of the United States can
be the central planner of the global economy. And I
think that's what I want my conservative friends to realize.
What we're up against is not who's pro worker and
who's anti worker.
Speaker 4 (06:55):
I'm vehemently pro worker.
Speaker 5 (06:57):
I don't believe you effect or right policy portfolio for
workers by just getting different central planners in the government.
Speaker 1 (07:07):
Central planning works David Bonnson with the Bonson Financial Group.
Speaker 3 (07:11):
He also presides over the Dividend Cafe.
Speaker 1 (07:13):
Which we encourage people to go learn more weekly from listen.
Speaker 3 (07:17):
And we're not anti Trump either.
Speaker 1 (07:19):
What he's done, what he's done with the border is
a remarkable success. Even the Atlantic is having to acknowledge
that gas prices are down, grocery prices are down, the
jobs are looking better, the jobs report any way, Inflation
is coming down. But he was playing with fire all
along with tariffs, and we wondered why he would have
prioritized that, And now we wonder if it's time to
(07:42):
start wheeling the way out. Can you help our audience
understand the difference between what is the state of the
economy with all of the noise of narratives or even
the following of the stock market, because those things aren't
all the same, right, like what is you know?
Speaker 3 (08:05):
I feel like I feel like Gene.
Speaker 1 (08:06):
Krantz and during the Apollo thirteen mission, what on the
aircraft is actually working right now? So what are the
positives on the economy right now? And what are the
big uncertainties?
Speaker 5 (08:19):
Well, I mean the positives of the economy are all
pretty constant, and none of them have much to do
with politics or policy at all. The positives of the
economy is, we have three hundred and thirty million people
in America, and one hundred and sixty five million of
them work and do things, and their capitalism is a
pretty sensible way to order a society.
Speaker 4 (08:38):
And so that's the good thing.
Speaker 5 (08:40):
People get up and go to work every day and
they create profits, they create jobs, they create economic growth
that happens reasonably organically, and then governments get in the
way of that and impede it. And then governments try
to remove the impediments they created, and we talk about
that like it's a good thing. But the but you know,
when you look at jobs, when you I never really
(09:03):
feel that the unapployment rate up or down is primarily
something that has to do with the president. When you're
looking at the current state of what's going well directed
to the policy, there is this upside possibility of some
additional tax cuts and deregulation.
Speaker 4 (09:23):
And I definitely believe.
Speaker 5 (09:24):
The president has been pretty consistently good on energy independence.
I'm not going to sit here and say when aid
prices go back to normal, that it had anything to
do with President Trump.
Speaker 4 (09:36):
But I think you're aware that I didn't sit there
and pretend it was.
Speaker 5 (09:39):
Joe Biden's fault when AIG prices went higher either. Now,
will the tariff issue lead to higher prices as a
result of products not getting on shore?
Speaker 4 (09:52):
Michael, there's six hundred thousand.
Speaker 5 (09:54):
Containers right now minimum, and I think it's over a
million containers of ago that are not getting into the
United States, that are delayed or canceled of shipments of
product that are not coming in because of the current
stalemate with China.
Speaker 4 (10:11):
That that that's an utter disaster. And then people say like, Okay.
Speaker 5 (10:15):
Well, at least we're going to you know, go through
a hard time, but then we're going to get a
better deal out of it.
Speaker 4 (10:20):
In the end.
Speaker 5 (10:22):
Note, we're not going to get a deal that results
in those products being made next month in Oklahoma.
Speaker 4 (10:29):
It's not going to happen.
Speaker 3 (10:31):
Even if it would happen, it would it would take years.
Speaker 5 (10:33):
Right years, years, and it would be a lot more
expensive because there is a reason that a lot of
these things were not made in Oklahoma or Tennessee or
Ohio to.
Speaker 3 (10:45):
Be lay with.
Speaker 4 (10:46):
So there's a price increase and a time delay. You're
exactly right.
Speaker 5 (10:50):
The the economic concern I have, as we've talked about
several times despite me being gone last week, is that
I think small businesses all over the country that thirty
seven percent of the imports they get from China are
not finished goods. These are American manufacturers making American products,
but part of their unfinished goods that are used in
(11:12):
processing come in from China. Thirty seven percent from China,
forty percent from the rest of the world.
Speaker 4 (11:18):
That's what we're talking about.
Speaker 5 (11:20):
The big tariff impact being Americans can't make things without
some of the parts, and.
Speaker 4 (11:25):
Those things are on delay.
Speaker 5 (11:27):
And that's what I'm worried about in the economy.
Speaker 3 (11:30):
Closing modes with David Bonson from the Bonxon Financial Group.
All right, so President great on the border.
Speaker 1 (11:37):
President usually good on gas, usually good on text cuts,
probably seeing the light on tariffs.
Speaker 3 (11:44):
How does all this play out? What can investors expect?
Speaker 5 (11:49):
Well, then nobody who answers that question should be listened
to because I don't know. But the only reason I
don't know, You don't know, investors don't know is I
don't think the president knows and honest about that, you know.
Speaker 4 (12:01):
JD.
Speaker 5 (12:01):
Vance said the day after so called Liberation Day, the
President's making his decision on his gut, And I think
that was one of the most honest things I've heard
through this whole process. Secretary Vessant has made an argument
for certain things.
Speaker 4 (12:17):
Secretary of Latinik has made a different argument.
Speaker 5 (12:19):
Pete Navarro is constantly arguing to burn it all down,
and then President Trump does what he does, and there
is not a master plan.
Speaker 4 (12:28):
They are pivoting along the way, they're making exceptions, they're
hearing new arguments. No, maybe that's a really good.
Speaker 5 (12:34):
Thing, because you want to be flexible and pliable and
adjust as circumstances weren't other people. But I think it's
a bad thing. It's a little chaotic, it's a little uncertain.
I don't really care if it's good or bad. I
just want people to know that it is. And holding
on to this fantasy that there is this five dimensional
chess game being played is not helpful. But nor is
(12:57):
it unfair to say that the President is rigid and
refuse us to adapt. He listens. He listens a little
bit later than I wish he would sometimes, so you
will follow he's pragmatic. Michael's yeah no, but so let's
play this out.
Speaker 1 (13:11):
You come together. It looks like the vice president may
have security deal with India. There's some thirty four. I
guess there's something like eighteen on paper offers thirty four
and they got the entire team negotiake. You put together
a deal with about twenty countries. You do whatever deal
to get things and get those containers flowing again from China,
(13:32):
and you politically craft an off ramp. I don't know
that we're any better for any of it happening, but
at least it would all be over in a relatively
short period of time and restore certainty in a market
that's very uncertain. Over all this tariff talk, I mean,
that's likely what's coming, right.
Speaker 5 (13:50):
That's why you're one of my that's why you're one
of my favorite talk radio people to appear with, because
what you just said was so incredibly honest. We may
not be better off with any of it, but the
point being that there could be some certainty in a restoration.
I'll give you a great example. They're gonna announce a
deal in Japan. Okay, how do you get a deal
in Japan? That you say is gonna be more fair
(14:10):
when we care of them more than they care of us.
So are we looking to now lower our tariffs of them?
Speaker 4 (14:18):
I don't think so.
Speaker 5 (14:20):
So basically, they have to somehow act like they got
a good deal in Japan when we already had a
better deal, and they're gonna do it.
Speaker 4 (14:27):
They're gonna pull it off.
Speaker 5 (14:28):
They're gonna announce something in and say, look at because
of our efforts, we got a great deal of Japan,
but it was all based on something that was fundamentally
untrue to begin with. So India, we're gonna get a
better deal Japan. We're gonna pretend we got a better deal.
But that's okay to your point. It'll lead to more
certainty and an end of this national nightmare. The issue
(14:48):
is China. It's not the other seventy countries. It's not
Swiss chocolate, it's not Bolivian coffee.
Speaker 4 (14:55):
It's China. And that is going to be a lot
more complicated, I'm telling and we'll see, David.
Speaker 1 (15:01):
I think I'll go to my grave believing I'm right
on this. This It just it's stuck in the President's
kraw the notion that China was going to make twelve
thousand dollars cheap EV cars in Mexico and flood them
over the border the way you know, immigrants have been
flooding through our border. That just got his goat, and
I think that gave his ear to Navarro and some
(15:22):
other bad advice. Why he didn't pivot after the border
victory straight to the tax cuts is beyond me. But
the sooner this is over, the better, as far as
I'm concerned. We can We're already over. But in ten seconds,
what's on the Dividend Cafe this week?
Speaker 5 (15:34):
You know, I'm going to be covering the five most
important things going on in the economy right now, some
of the stuff we've talked about today, So Dividend Cafe
will get into all the things that matter in the economy.
Speaker 6 (15:47):
So this is Big John and my morning show is
your Morning Show with Michael B.
Speaker 3 (15:52):
Jeffrey and Red boocket. Hey, it's Michael.
Speaker 1 (16:00):
Your Morning Show can be heard live each weekday morning
on great stations like thirteen sixty The Patriot in San Diego,
News Talk one oh six point three and AM eighteen
eighty wm EQ Oh Claire, Wisconsin and one oh four
nine The patriot and Saint Louis, Missouri would love to
be a part of your morning routine. But so glad
you're here now enjoyed the podcast. Look, I love Donald Trump.
(16:23):
The notion of Kamala Harris being president right now makes
my palms sweat. I also love my wife, and I
don't understand why an old office chair and a bookshelf
has been in the front entry for three days. All right,
So I don't always agree, even with my wife. But
I'm not I'm not born yesterday. I know if somebody
says something critical of the president, you're going to overreact
(16:46):
to it. The truth of the matter is, and I've
said from the beginning, you're playing with fire with tariffs,
and I don't know why you went there next now
to a point redmead off the year that I think
is important, and this is why the president's been frustrated
with your own power. But he shouldn't have gone so
far as to say he was going to fire him.
Then he had to backtrack because the market reacted. But yeah,
(17:10):
the Fed left him hanging on an island because he
didn't cut rates that would have helped. Don't forget Republicans
who control the House in the Senate have left the
President on the island because they haven't got the tax
cuts done. Had those two things happened as the President
was playing this art of the deal game, dangerous game
with tariffs, things might have turned out differently. But they didn't,
(17:33):
and it hasn't and it is a political problem, and
it's one the President's going to have to navigate his
way out of. But at the end of the day,
no matter how you view this, you can't build and
manufacture this stuff here overnight. It's going to end up
costing you a lot more money and in the long run,
(17:53):
more money because of the cost of labor here. That's
a reality. And you can't shoot it guy for saying it.
And what uncertainty is doing to the market, you can't
shoot the messenger. But I understand that you're going to
get a rise anytime somebody says something critical of the president.
So let's start with Angela. I'm gonna get a couple
(18:14):
of these in then I want to get to my
favorite story of the day. But Angela. First up, Angela
is a Sarah Phoenix.
Speaker 7 (18:18):
I am really amazed at the analyst and pollsters who
want to continue to check Trump's decisions and changes of
decisions on the daily like this. We need to let
this man run his agenda out. He is not seeking
another term, so nothing matters to him politically, quote unquote,
(18:40):
he wants change.
Speaker 1 (18:42):
Well, first of all, let me give you some things
to think about, Angela, and you know I love you
and you know I respect you. But trump Ism is
the new Republican Party, or as we often say, it's
some kind of morph between Reagan Revolution tea party movement
and Trump is a mega. It's all become this new
big America Party and he should care about it. Remember
(19:05):
Ronald Reagan's legacy was the Revolution, not as eight years
as president. So if you want life to trump Ism
and you don't want to go back to establishment Republicanism,
it matters how the president is perceived and leaves office.
Not to mention the handoff, whether it's JD. Vance, whether
it's DeSantis, whether it's Marco Rubio. They're on the ballot
(19:28):
in four years, and you're missing the most obvious and
urgent what drives midterm elections. Opposition Party America has a
proclivity to want to turn right around after he gets
a Republican president and give Congress to the Democrats. Do
you want to wake up with that reality? No, this
(19:49):
stuff matters. Think it through a little better, James, I
think is who it is next?
Speaker 4 (19:58):
Oh no, no, no, no, no, don't give up a past. Michael.
Here's what happened.
Speaker 6 (20:03):
Joe Biden destroyed twenty million chickens and the price skyrockety.
Speaker 1 (20:08):
Everybody else had the bird flu as well, and they
treated their chickens. That is not an accurate statement. First
and foremost, I don't make him look. First of all,
I don't even think Joe Biden did anything. Joe Biden
was in president. New York Times makes that clear today.
Whoever made the decision to kill the chickens. That is
a common practice. Affected poultry flocks with avian influenza are
(20:32):
generally euthanized. That prevents the spread of the virus. So
when bird flu is detected in a poultry flock, the
affected birds are euthanized to stop the spread. This is
the standard practice to protect both the remaining birds and
the broader poultry industry. What was stupid was for anybody
(20:52):
to blame this as a presidential or political crisis or
created crisis. This was a navy and flew poultry issue.
But we don't do that. We narrativize everything because everything
comes down to us versus them. And while we're busy fighting,
(21:14):
the elite or the members of Congress are getting rich.
But no standard practice is to euthanize. I realized that
was a lot, but that's the standard practice. Uh, Big
John is last.
Speaker 3 (21:27):
Don't play this.
Speaker 6 (21:28):
But David Boson is great, his insightful thoughts of the
market going forward. He's just a real guy. People be
too deep into that guy. He's a financial guru. Okay, Well,
one he said don't play this, and you.
Speaker 1 (21:42):
Played it, so I apologize for that. But now that
you played it, you know. We can't be afraid of
people's thoughts. And again, they're not malicious towards the president.
If there's any maliciousness, it's towards Navarro and why this
guy has the presidenc here? Now Ken Marco Ruby can
be sent Can the others clean this mess?
Speaker 4 (22:03):
Well?
Speaker 1 (22:04):
The President negotiate his way out of this, because the
sooner we get through this whole terraf uncertainty, and the
sooner we get to the tax cuts. The sooner, I think,
and it'd be nice if the Fed chair with lower
interest rates along the way, the sooner the economy really
starts to take shape, and then that will leave the
(22:25):
Democrats nothing to run against or a new COVID to
create to try to destroy him, and don't roll out
the ladder. My favorite story of the day is, all right,
so here's David Hogg. This guy becomes you know, he
just shows up at Parkland. He wasn't there when the
shooting actually took place, but he becomes the face and
(22:47):
the voice of the Parkland shooting.
Speaker 3 (22:48):
Mister Anti gone.
Speaker 1 (22:49):
And then all of a sudden he ends up because
you know, the Democrats like to play these issues, and
he ends up the vice chair.
Speaker 3 (22:56):
Well, this is a big.
Speaker 1 (22:57):
Problem because now this guy's raising millions of dollars to
target Democrats. Now the Democrats cracked me up, because keep
in mind, Democrat voters chose Bernie Sanders, and the DNC
that's not supposed to be getting involved in primaries got
involved in primaries to Ricket for Hillary using super delegates
(23:19):
and other Shenanigans did the same thing with Biden in
twenty did the same thing when they were done with
Biden with Kamala Harris after everybody voted Democrats are always
involved in primaries. In terms of the DNC, they don't
care about their voters. They can't have a socialist nominee
for president of the United States, so they shafted.
Speaker 3 (23:38):
Bernie three times.
Speaker 1 (23:40):
Well, now Bernie's passed the torch to AOC and now
they got this Hog as vice chairman. So one of
the early questions we had is, all right, where's the
chairman of the DNC and how long is he going
to let this wild man go around on shows talking
about he's going to target establishment Democrats and old farts. Well,
(24:00):
guess why Ken Martin has finally chimed in. DNC leadership
is planning to expand its non endorsement policy to all elections.
Members will hear from the chair Ken Martin today this afternoon,
as many remain furious over Vice chair David Hogg's plan
(24:22):
to support primary challengers. I wonder if Dick Durbin was
one high on the list at eighty and that's why
he's stepping down A week after the DNC Vice chair
David Hog unveiled his controversial plan to back primary challengers.
By the way, this is what socialist justice democrats do.
That's how you got AOC she defeated a ten term
establishment Democrat in New York, a Bartender. Well, now, establishment
(24:50):
Democrats probably sixty percent of the party. Some of them
identify as progressives, but then again, the socialists call themselves progressives.
So I'll use social and progressives because there are no
real conservative or centrist Democrats left. So you got about
sixty percent progressive thirty five percent crazy socialist justice Democrats.
(25:11):
They're at war with each other. And now you've got
a chair that represents the sixty percent and a vice
chair that represents the thirty five percent. And they can't
pull off what they did with Hillary and what they
did with Biden if they got this vice chair funding
the targeting of low hanging Democrat fruit primary after primary
(25:31):
in specific states and districts. So now at DNC that's
always meddling against its own voters, says no, we're going
to make sure that there's a non endorsement policy in
every election.
Speaker 3 (25:48):
And here comes Ken Martin the chair to put this.
Speaker 1 (25:54):
Genie David Hawk back in his bottle. OO told you
this was coming, and guess what it just came. All right,
if you're just waking up, it's time now for your
top five stories up to day, starting with mefore mentioned.
(26:18):
Dick Durbin, Illinois Senator, leaving before the to tag. I
mean he's only eighty, but he's announced he's leaving Congress.
Speaker 8 (26:24):
The Democrat announced on Wednesday that he will not seek
reelection next year. He currently serves as the Senate of
Minority Whip and is a ranking member of the Judiciary Committee.
Durbin said in his heart he knows it's time to
pass the torch. He was elected in nineteen ninety six
and is one of the most senior members of the Senate.
Durbin also represented Illinois in the House for fourteen years.
Speaker 3 (26:44):
I'm Mark neephew.
Speaker 1 (26:45):
President Trump says Ukrainian President Zelensky's making it hard to
settle this war with Russia.
Speaker 9 (26:50):
In a post on True Social Trump said Zelenski saying
in the Wall Street Journal that Ukraine won't recognize Russian
occupation of Crimea is harmful to peace negotiations. The president
question why Ukraine didn't fight for the region eleven years
ago when Russia took control with no shots fired.
Speaker 3 (27:05):
I'm Lisa Taylor.
Speaker 1 (27:06):
Well, President Trump made a crystal clear. Defense Secretary Pete
Hegseth has his full support, and the VEEP wasn't far behind.
Speaker 3 (27:12):
Vice President JD. Vance also gave his support.
Speaker 1 (27:16):
I have one hundred percent confidence in the Secretary. I
know the President does, and really the entire team does.
Speaker 3 (27:21):
I think he's doing a great job. I think that
he's brought a certain spirit back to the Department of Defense.
Speaker 10 (27:26):
It comes after a report that said the White House
was in the process of looking for a new leader
at the Pentagon. Hegseth has come under fire after reports
he shared detailed military plans in two different group chats
in the Signal app.
Speaker 3 (27:40):
I'm Brian shuk Well.
Speaker 1 (27:41):
The deadline for needing that real ID to travel it's
approaching and many DMVs are getting swamped with long lines.
Speaker 11 (27:48):
May seventh is the day travelers will need a real
ID compliant form of identification like an enhanced driver's license
to board domestic flights or enter certain federal facilities. Some
states have extended office hours or adding staff to meet
the demand. Washington's Department of Licensing facing a backlog of
up to three hours. According to King five communications manager
(28:09):
Christine Anthony Well.
Speaker 8 (28:11):
Due to some budget reductions, we can't really hire more staff.
Speaker 11 (28:15):
To find the best locations and for more information, go
to DHS dot gov.
Speaker 3 (28:19):
I'm Monica Neilson, I'm too.
Speaker 12 (28:21):
The love.
Speaker 1 (28:25):
Senter Jenny Roll closer to getting a full pardon in
the state of Tennessee. The singer songwriter was convicted of
several crimes between the ages of seventeen and twenty three.
He asked Republican Governor Bill Lee for a full pardon
so that he can tour internationally. The Tennessee Board of
Parole this week recommended Governor Lee grant that star's request.
Speaker 3 (28:45):
This is Your Morning Show with Michael del Chuno.
Speaker 1 (28:50):
Round one of the NFL Draft from Green Bay tonight.
Speaker 3 (28:54):
This ought to be a doozy.
Speaker 1 (28:55):
Titans have first pick, Brown's have second pick. It can
only get sad from there. And speaking of said NFL
Hall of Famer, Steve McMichael, former Chicago Bear, great and
Hall of Famer, passed away at the age of sixty seven,
finally losing his battle with als. And in many cities,
rent is now much less expensive than buying. That wasn't
the case here in Middle Tennessee, or still really isn't
(29:19):
the case in Middle Tennessee. And one of the best
New investment properties are mobile homes. I'll never forget one
time roy O'Neil, our national correspondents joining us, there was
a big ad in the Tulsa World newspaper step up
to mobile home living.
Speaker 3 (29:33):
That was like what physically or metaphorically? All right, So
some of those, some of those.
Speaker 12 (29:40):
Mobile homes or manufactured homes or trailer homes, they.
Speaker 3 (29:43):
Don't ice these days.
Speaker 12 (29:45):
But look the problem with those is you buy them,
and like a car, they often depreciate. Typically when you
have a home and you own the land, it's on
you get. They will appreciate and increase in value over time.
But as andre oftentimes or as the last house you
want to live in, people step down to these manufactured homes,
(30:06):
owning the unit but then paying rent. What we're seeing
is more and more people scooping these up as investment properties.
But now Wall Street's gotten worder this stuff, and a
lot of those big private equity firms are coming in
buying the whole trailer park and jacking up rents for
a lot of residents.
Speaker 1 (30:24):
All right, So what are we seeing in terms of
and again it's all so dependent right on the market.
I mean, if you're talking los Angeles, Nashville, Atlanta, New
York City, Manhattan. It may look completely different, but by
and large are we because we know home values are
up extraordinary in some regions and up pretty much generally nationally.
Speaker 3 (30:45):
What about rent, Well.
Speaker 12 (30:48):
What we're seeing I'm bringing up some of the Nashville
numbers right now. We're seeing that average rent, according to
a bank create is about eighteen hundred dollars a month
in the nationals about right, But then the cost of
home ownership is about twenty eight hundred dollars per month,
So there's a fifty one percent disparity there. That's actually
an outlier because the national average is closer to thirty
(31:09):
eight percent. So in Nashville it may make sense to rent.
But again it's going to depend on where you are
in life. Are you just starting out, do you have kids?
Do you want to stay? Do you want to be
mobile with your job perhaps and only be in town
for a couple of years. So it really is tough
to have a one size fits all description here. But
long term, you know, we all believe that investing in
(31:30):
that home, making that long term commitment is better off
for you financially speaking, And it's also tends to be
better for the community. Since then, you know, you join
the rotary club, you become part of the PTA.
Speaker 4 (31:42):
You know, you really put your roots into communities.
Speaker 1 (31:44):
But moving is so traumatic and it's so much work,
you're not usually motivated to do it very quickly, you know.
In other words, rent for a year and then move again.
That's number one. Time tends to fly. And if you're
renting at two thousand dollars a month, you're throwing away
twenty four thousand dollars a year. You know it's gone
and it's gone forever. Whereas if you pay a little
(32:05):
bit more known and that home is appreciating, you.
Speaker 3 (32:07):
Can get it back.
Speaker 1 (32:08):
It's an age old scenario of rent versus by The
question is, with interest rates and cost of housing, is
rent becoming necessary? And we'll keep an eye on the differential.
Let alone, this whole investment thing with mobile homes and
corporations getting involved, this this would be fad. We need
to follow this one up, Rory, keep an eye on it.
Speaker 4 (32:28):
Absolutely.
Speaker 12 (32:29):
Yeah, No, it's a developing trend with more of these
big firms coming in buying up these lots, forcing people out,
and now they have nowhere to go. Because they don't
own the land that most of these mobile homes sit on.
Speaker 1 (32:40):
And you know what happens when people have nowhere to go,
they come to Florida.
Speaker 3 (32:44):
Say hello to them, Rory when they get there, Rory O'Neal.
Great reporting. We'll talk again tomorrow. We're all in this together.
This is your Morning Show with Michael Nhild Joe and
No
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