I Said YOLO & We All Jumped On The Mummy

Summary

Armstrong & Getty On Demand: Episode Summary

Title: I Said YOLO & We All Jumped On The Mummy
Release Date: August 11, 2025
Host: Jack Armstrong & Joe Getty
Publisher: iHeartPodcasts

In the latest episode of Armstrong & Getty On Demand, hosts Jack Armstrong and Katie Green dive deep into pressing geopolitical issues, economic policies, and current events shaping the global landscape. This episode, titled "I Said YOLO & We All Jumped On The Mummy," offers a blend of serious analysis and light-hearted banter, providing listeners with a comprehensive understanding of complex topics.

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1. Trump’s Role in the Russia-Ukraine-Europe Peace Process

The episode kicks off with a discussion about former President Donald J. Trump's potential involvement in mediating peace between Russia and Ukraine. Katie Green introduces the topic by highlighting the skepticism surrounding Trump's ability to broker genuine peace:

Katie Green [02:39]: "I think there's a decent chance it's going to be the biggest topic in America in the fall."

Jack Armstrong echoes this concern, emphasizing the doubts about Trump's sincerity and strategic intentions:

Jack Armstrong [06:50]: "Trump's current cynicism. Negativity about Putin seems to be at least partly based on personal insult or being offended as opposed to long term geostrategic, you know, goals."

They explore the complexities of the negotiations, noting the reluctance of Ukraine to concede territory without substantial gains:

Katie Green [04:11]: "We ain't gonna be any part of a deal that you give up land. Ukraine gives up land and gets nothing in return."

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2. Impact of Tariffs on the U.S. Economy and Consumers

A significant portion of the episode delves into the repercussions of newly implemented tariffs. Drawing insights from a recent Goldman Sachs survey, Jack and Katie analyze who bears the brunt of these tariffs:

Katie Green [22:28]: "U.S. consumers ate 22%. That's going to flip, I think, quite a bit."

Jack Armstrong [23:28]: "Any conservative worthy of the description, a non moron, really understands that. [...] We're gonna punish those corporations."

They discuss the shift from foreign exporters absorbing tariffs to U.S. companies and consumers shouldering the costs, predicting noticeable price hikes and economic discomfort in the coming months:

Jack Armstrong [25:08]: "I think tariffs are going to [...] come out with the biggest topic in America in the fall."

Katie adds a personal touch by relating her experience at a McDonald's, highlighting the immediate, relatable impacts of economic policies on everyday life:

Katie Green [21:25]: "They say everything's gonna go up now. We get 14% of our beef from Brazil. I was at McDonald's today. The guy said can you afford fries with that."

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3. Geopolitical Tensions: Nvidia, AMD, and AI Chip Sales to China

The hosts shift focus to the technological and geopolitical arena, particularly concerning American chip manufacturers Nvidia and AMD. They scrutinize the controversial agreement requiring these companies to share a portion of their revenue from AI chip sales to China:

Jack Armstrong [27:11]: "Nvidia, yes, certainly is. [...] They're a geopolitical adversary, number one. They are bent on the overthrow of free markets, capitalism, the United States, liberty, and everything that is good and holy."

Katie underscores the ethical and economic dilemmas posed by such agreements, questioning the long-term implications for U.S. technological supremacy:

Katie Green [30:09]: "But do we want the best AI chips in the world being sold to China at all? Is there anything we can do about that in a free market? No."

They critically assess the shift towards state capitalism, expressing discomfort with increased government intervention in the private sector:

Jack Armstrong [31:50]: "I'm uncomfortable with a lot of this very weird inter, you know, mingling of government and industry, which goes back to earlier decades."

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4. Rising Tensions with China and Potential Trade Wars

Continuing their geopolitical analysis, Jack and Katie discuss the strained relationship between the U.S. and China, exacerbated by tariff implementations and trade disputes:

Jack Armstrong [10:56]: "The first superpower, they're entirely dependent on the second one for the stuff, for their weapons."

Katie Green [12:03]: "What's swap usually? Like, I give you something, you give me something, and we're both happy with what sort of swap is going to make Ukraine happy."

They debate the feasibility and potential fallout of imposing strict sanctions on China, speculating about retaliatory measures and the consequent impact on critical industries:

Katie Green [08:36]: "Lindsey Graham brought Up several times yesterday that you haven't heard much about because everybody's pointing out, yeah, India buys almost 40% of the oil that Russia is selling."

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5. Audience Interaction: Mailbag and Listener Feedback

The episode incorporates listener interactions, addressing concerns and questions from the audience. Topics range from personal anecdotes to policy opinions, showcasing the hosts' engagement with their community.

Katie prompts listeners to contribute thoughts on various issues, such as the declining visits to libraries and potential reforms:

Jack Armstrong [39:50]: "Jashan writes, I recently took my kids back to my neighborhood I grew up in, not too far from the radio ranch. [...] There's not a chance in hell I'd ever let a young child go to this blank hole alone."

They also discuss proposals like implementing digital watermarks on AI-generated media to combat misinformation:

Travis [41:02]: "I think audio and video generated by AI should contain a digital watermark. That way you'd always know."

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6. Memorable Quotes and Highlights

Throughout the episode, several impactful quotes encapsulate the hosts' perspectives:

• Katie Green [03:05]: "I'm extremely excited I got extra early today. [...] I did my Pilates, as I like to call it, and my stretching."

• Jack Armstrong [06:50]: "Trump's current cynicism. Negativity about Putin seems to be at least partly based on personal insult or being offended."

• Katie Green [12:45]: "There could be peace, but it weren't for this guy. That's what I'm concerned about. I hope that doesn't happen."

These quotes provide insight into the hosts' viewpoints and the nuanced discussions presented throughout the episode.

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7. Light-Hearted Banter and Personal Stories

Balancing the heavy topics, Armstrong and Getty incorporate personal stories and humor, adding a relatable dimension to the show. For instance, Jack recounts a memorable incident involving an overheated day and a party bus:

Jack Armstrong [28:45]: "The AVR guy was there to help me install it because I'm now too lazy and old to do that. He said, do you want to read that? I'm like, what? The terms and conditions."

Katie shares her experience dealing with unexpected road closures, leading to humorous reflections on life’s unpredictable moments:

Katie Green [03:44]: "And I don't know exactly why God hates me. I've been trying to figure this out for quite some time."

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Conclusion

This episode of Armstrong & Getty On Demand offers a thorough exploration of significant geopolitical and economic issues, intertwined with personal anecdotes and audience interactions. Jack Armstrong and Katie Green adeptly navigate complex topics, providing listeners with informed analyses and engaging discussions. Whether dissecting the intricacies of international diplomacy or contemplating the ramifications of economic policies, this episode stands out as a compelling listen for anyone seeking a deeper understanding of the forces shaping our world.

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Notable Quotes with Timestamps:

• Katie Green [04:11]: "We ain't gonna be any part of a deal that you give up land. Ukraine gives up land and gets nothing in return."

• Jack Armstrong [06:50]: "Trump's current cynicism. Negativity about Putin seems to be at least partly based on personal insult or being offended."

• Katie Green [22:28]: "U.S. consumers ate 22%. That's going to flip, I think, quite a bit."

• Jack Armstrong [27:11]: "Nvidia, yes, certainly is. [...] They're a geopolitical adversary, number one. They are bent on the overthrow of free markets, capitalism, the United States, liberty, and everything that is good and holy."

• Katie Green [08:36]: "Lindsey Graham brought Up several times yesterday that you haven't heard much about because everybody's pointing out, yeah, India buys almost 40% of the oil that Russia is selling."

• Katie Green [12:45]: "There could be peace, but it weren't for this guy. That's what I'm concerned about. I hope that doesn't happen."

---

Disclaimer: This summary is based on the provided transcript and aims to capture the essence of the episode's discussions. For a complete understanding, listening to the full episode is recommended.

Transcript

[Jack Armstrong]

This is an iHeart podcast.

[Joe Getty]

Ice Cube's big three is the surprise hit of the summer. This Saturday, 4pm Eastern on CBS. With playoff elimination on the line, the most physical, fiercest and competitive basketball in the world. Miami's Michael Beasley and Lance Stevenson must win to make the playoffs. And breakout star Dwight Howard of the LA Riot will battle Gary Payton's Boston squad in a do or die match for both teams. Six teams are allowed for four spots and all must win. There's no crying in the Big Three, and the no holds barred action starts Saturday at 4pm Eastern, 1pm Pacific.

[Katie Green]

Presented by iHeart Broadcasting live from the.

[Jack Armstrong]

Abraham Lincoln Radio Studio, the George Washington Broadcast Center.

[Donald J. Trump]

Jack Armstrong and Joe Getty.

[Katie Green]

Armstrong and Getty.

[Jack Armstrong]

And now, here's Armstrong and Getty live from Studio Si, senor. Deep within the bowels of the Armstrong and Getty and Formation complex, this is the Armstrong and Getty Show. Jack will be here momentarily, but in his absence, a departure from the shouting and the madness, a more sober, a more cerebral Armstrong and Getty show for the next 120 seconds or so. Welcome to the 11th of August, the year of our Lord 2025. This is the Armstrong he Getty show, laboring under the tutelage of honorary general manager Donald J. Trump, peacemaker. Today we shall see whether the President's involvement in the Russia Ukraine slash Europe situation yields peace. Indeed, feels a little unlikely, but we will discuss both amongst ourselves and with experts today. The sides appear to be quite far apart at this point, but who knows how much is sincere, a sincere expression of what they can and cannot accept and how much is just posturing so as not to give away their hand before the negotiations begin. Difficult to say. Ukrainians who have been making the rounds talking to friends and media in the US have made it clear that look, we know we want peace, of course, but not at any cost. Michael, if the door were to open, that would be.

[Katie Green]

Hey, everybody, what's going on?

[Jack Armstrong]

Hey, it's Jack.

[Katie Green]

Look who is the general manager. I listen every single day and that's one of my favorite parts of the show.

[Jack Armstrong]

Oh, thank you. Donald J. Trump.

[Katie Green]

How many times has he been the general manager, you suppose since 2015?

[Jack Armstrong]

Oh, hundreds.

[Katie Green]

Yeah, hundreds of times.

[Jack Armstrong]

Anyway, so you not be man, I.

[Katie Green]

Got up I I someday psychologists study me at the university level and write papers as a particular kind of no.

[Jack Armstrong]

One will read and it'll be impossible to, I don't know, replicate the results. But go on they might because it.

[Katie Green]

Might be pretty interesting. But I was so excited I got extra early today. Had a real spring in my step, had extra time. So I did my Pilates, as I like to call it, and my stretching, my various exercises, made myself the right kind of coffee, everything like that on the way to work. Running really early, driving the speed limit. And then my normal road is just closed out of nowhere because God hates me. And I don't know exactly why God hates me. I've been trying to figure this out for quite some time. Well, how I wronged him, or maybe my family name did, or. I don't know. Maybe if you're a pagan, it might be generational. I don't know. But.

[Jack Armstrong]

Well, in your 20s, you did defile that one mummy's tomb.

[Katie Green]

God dang it. I wish I hadn't done that. If I could take one thing back in my life, it had been leaving that mummy alone.

[Jack Armstrong]

Yeah. Buddy suggested that, hey, we could defile that tomb. And I thought, what the hell? What go wrong?

[Katie Green]

I said, yolo. And we all jumped on the mummy and just.

[Jack Armstrong]

It was.

[Katie Green]

It was crazy. So what were you saying about the Friday meeting between Trump and Putin?

[Jack Armstrong]

Oh, just that the Ukrainians are highly concerned that Trump's lust for peace will lead him to promising far more than the Ukrainian people are excited to deliver in terms of land giveaways, etc.

[Katie Green]

Well, and not just him. So Europe has said no deal. So if. If. If Europe, the rest of NATO says, and we ain't doing this. We ain't.

[Jack Armstrong]

We ain't.

[Katie Green]

We ain't. We ain't gonna be any part of a deal that you give up land. Ukraine gives up land and gets nothing in return. So Lindsey Graham, which we play later, he's talking about there have to be European troops as a tripwire in Ukraine. No way that Putin agrees to that, does he? European troops in Ukraine?

[Jack Armstrong]

Oh, my gosh, probably. It's a real long shot. There would have to be so many terms and conditions on that. It makes signing up for an iPhone look easy. Hey. Oh, well, I was firing up my new television the other day, and the AV guy was there to help me install it because I'm now too lazy and old to do that. He said, do you want to read that? I'm like, what? The terms and conditions.

[Katie Green]

Let me call my lawyer. I have a lawyer for this. And then you wait for the lawyer to drive over, and then he sits there and reads it for you.

[Jack Armstrong]

And you should have said, yes, the Samsung Corporation. He says, excuse me, this is Joe Getty's lawyer. He's firing up his new television. I have a couple of clauses I'd like to discuss with you.

[Katie Green]

Yeah.

[Jack Armstrong]

Six weeks later they get back to me.

[Katie Green]

11A we mostly agree to. But shall or may?

[Jack Armstrong]

What?

[Katie Green]

Can we change that to a may?

[Jack Armstrong]

Yeah, exactly. So anyway, my new tv, spying on me. You know what?

[Katie Green]

Go ahead, knock your freaking self out.

[Jack Armstrong]

Yes.

[Katie Green]

Look at me walk around in my underwear as I search for the remote. If that's what you want to do. My concern, as someone who has been very openly in favor of supporting Ukraine and I think letting Russia get over on this would be a disaster for the world. I do agree with Lindsey Graham and others on that. Lindsey Graham kept saying in his interview yesterday, he says, goodbye Taiwan if we allow Russia to get the land with no repercussions, goodbye Taiwan. So that's the way he looks at it. It's a, it's a signal to the world. And I do, too. Anyway, so my biggest fear is Trump goes along with Putin and, and, and says some really over the top things. Pressuring Ukraine and Zelensky into giving up the land and talks about him being the, the problem in this whole peace process. There could be peace, but it weren't for this guy. That's what I'm concerned about. I hope that doesn't happen.

[Jack Armstrong]

There have been noises made in that direction before. Trump's current cynicism. Negativity about Putin seems to be at least partly based on personal insult or being offended as opposed to long term geostrategic, you know, goals. We'll just have to see.

[Katie Green]

Well, one interesting thing. So, you know, we did the. Well, we haven't done yet. So we held off on the sanctions. Am I correct? Here we hang. Held off on the sanctions. On the, the big sanctions that were going to hit Russia or hit India, which is obviously part of Putin's goal to kick the can anytime he can get another day or week or whatever of prosecuting his war without the big penalties, he's going to figure out a way to do it. So that might just be part of the game that he meets on Friday. He says, I have listened to what you've said. I've got to take it back to my people and think it over. Give me 30 days, you know, that sort of thing. Yeah, And I hope we don't.

[Jack Armstrong]

He might even say, I feel like we're very, very close to a deal.

[Katie Green]

Right.

[Jack Armstrong]

And then drag it along. Yeah.

[Katie Green]

Wow. What was I saying? I had a point. I don't even know where I was going with my point. Oh, well, Lindsey Graham brought Up several times yesterday that you haven't heard much about because everybody's pointing out, yeah, India buys almost 40% of the oil that Russia is selling. Now, that's a lot. But almost all the rest is China. And what's the deal with that? And Lindsey Graham brought up several times hitting China with the sanctions. China's next. It has to be. So I don't know if Trump's on board with that, but that would be a hell of a deal to get into a major trade war over oil with China.

[Jack Armstrong]

Yeah, yeah. Well, I, every time I think about China, I have this overwhelming feeling that this is going to go so wrong. Just the whole relationship reading about, whether it's the, the rare earth minerals or various technologies that are back and forth, various complex and unholy relationships with chip makers and, and, and the lobbying of those companies. And now the U.S. government has, like, got a stake in a chip maker or like an investor in it. Wait a minute, what's going on there? I just, it feels like this is, this is not good. This is not normal.

[Katie Green]

Well, the whole geopolitical thing between China, Russia, Ukraine and everything we're doing. I was watching all the news shows yesterday, which for once were pretty relevant, I thought, to your life. And I thought, this is like if they had these kind of new shows in 1938, I think, I mean, it was really something watching the various ambassadors and the Secretary General for NATO. And this is some serious stuff that's being discussed. Like world changing, altering in a way that it doesn't look the same anymore. World changing stuff, depending on how it goes over the next couple of weeks.

[Jack Armstrong]

Yeah.

[Katie Green]

Holy crap.

[Jack Armstrong]

Well, and again, I think we are riding up the escalator toward our reckoning with the undoing of our relationship with China. It feels like it started because we're kind of on the grounds, but I don't think it started.

[Katie Green]

Well, if we hit them with the kind of giant tariff on buying oil from Russia that Lindsey Graham was talking about, I don't, I don't know where it goes from there. They would retaliate in some way. They, well, immediately withholding some of the.

[Jack Armstrong]

Absolutely critical elements to a lot of our defense systems and a lot of our technology these days. And the idea that, you know, go back, go back 10 years or 100 years or a thousand years and tell one of the great military leaders at the time, hey, in the 21st century, there's going to be this, like, giant superpower and it's got one adversary that hates it, wants to take it Down. In fact, they talk about it all the time and guess. Wait a minute. No, let me get to the punchline. The first superpower, they're entirely dependent on the second one for the stuff, for their weapons. And the general would say, wait, what?

[Katie Green]

How did they allow themselves.

[Jack Armstrong]

They need the metal for their spears to come from their adversary.

[Katie Green]

What? Well, and how about, like, didn't we find out During COVID like, 90% of our prescriptions come from China? Right, and then you add a lot.

[Jack Armstrong]

Of our medical gear.

[Katie Green]

Yeah, and then you add in the fact. And here's the crazy thing. We're going to let our adversary educate our young people and be their news source through TikTok, which still is happening.

[Jack Armstrong]

It feels like suicide, doesn't it?

[Joe Getty]

It does.

[Katie Green]

Sometimes it seems crazy. Okay, we got to start the show officially. I'm Jack Armstrong. He's Joe Getty on this. It is Monday, August 11, year 2025. We're Armstrong and Getty, and we approve of this program.

[Jack Armstrong]

All right, let's begin the show officially then, according to FCC rules and regulations, Here we go at mark.

[Katie Green]

But we're actually looking to get some back and some swapping. It's complicated. It's actually nothing easy. It's very complicated. But we're going to get some back. We're going to get some. Some switched. There'll be some swapping of territories. Okay, so the old switch and swap.

[Jack Armstrong]

What.

[Katie Green]

What's swap usually? Like, I give you something, you give me something, and we're both happy with what sort of swap is going to make Ukraine happy. With the deal. We'll lose 20% of our land and you'll get back this tiny sliver of rural nothing. That doesn't seem like much of a deal.

[Jack Armstrong]

We get a land bridge to Crimea and you get that farm over there. Yeah, I don't know. Plus, you know, the land is of enormous importance because there are human beings on there. There are Ukrainian people on that land. But then the security guarantees going forward, right, because Ukraine's like, you're gonna. You're gonna declare peace and then invade us the next week.

[Katie Green]

100%.

[Jack Armstrong]

Well, right, so how do you arrive at those? When Russia's quote, unquote, security guarantee is you totally disarm. Make yourself completely vulnerable to me. Here, take this roofie. And trust me, if a deal we.

[Katie Green]

Should be satisfied with comes out of this, I will be shocked. Okay, we've got Katie's headlines on the way and a lot more news. Stay here.

[Donald J. Trump]

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[Joe Getty]

The reviews and ratings are in and Ice Cube's Big Three is the surprise hit of the summer this Saturday, 4pm Eastern on CBS, with playoff elimination on the line, the stars will be flocking to Los Angeles to witness the most physical, fiercest and competitive basketball in the world. World Miami's Michael Beasley and Lance Stevenson must win over Houston to make the playoffs, reeling from last week's savage beating at the hands of Chicago's possessed Montrez Harrell. Last time these teams met, Miami beat Houston, but they are a dangerous team having their manhood at stake. Then breakout star Dwight Howard of the LA Riot will battle Gary Payton's Boston squad in a do or die match for both teams. Will LA avenge their previous shocking loss to perennial basketball Boston and rivals to survive? Six teams are allowed for four spots and all must win. Don't miss the Big Three, the three on three basketball league everyone is talking about. There's no crying in the big three and the no hold spot action starts Saturday at 4pm Eastern, 1pm Pacific followed by two games on Vice starting at 6:30 Eastern. Presented by iHeart.

[Katie Green]

A beloved part of your life. Your youth has gone away. We'll hit you with the anniversary of that coming up a little bit. Also, who's paying the tariffs? Goldman Sachs? Is that who? Yeah, Goldman Sachs has their latest survey through June of how tariffs are being paid. Who's paying them? It's pretty interesting.

[Jack Armstrong]

I would agree. Yeah, we'll get to that. Stay with us. Right now let's figure out who's reporting what. It's the lead Story with Katie Green. Katie.

[Unknown]

All right, thanks guys. Starting with Fox News, Netanyahu threatens to sue New York Times for quote, clear defamation over misleading Gaza reporting.

[Jack Armstrong]

Yeah. Getting in on the suing media craze that Trump started.

[Katie Green]

It's a good way to draw attention to what has been incredibly misleading reporting from a lot of our major outlets.

[Unknown]

From the New York times, Vance says U.S. is working for a meeting with Trump, Putin and Zelensky.

[Katie Green]

Man, that'd be. I can't imagine being Zelinsky and walking into that with, with Putin.

[Jack Armstrong]

Wow.

[Unknown]

From the new.

[Jack Armstrong]

Sorry.

[Unknown]

From Politico, China's watching closely. Lindsey Graham says ahead of Trump's peace talks with Putin.

[Katie Green]

Yeah, I'm sure they are.

[Jack Armstrong]

Yeah.

[Unknown]

From the Guardian, Atlanta CDC gunmen believed COVID vaccine made him suicidal.

[Katie Green]

Oh, boy.

[Unknown]

You guys read about this story at all?

[Jack Armstrong]

Yeah, oh yeah, I followed it. I mean, it was obviously nuts. Which came first? You know, the nuts or the COVID or who knows? Gee.

[Katie Green]

Well, do you have any reason to believe the COVID vaccine is making people murderously crazy?

[Jack Armstrong]

No, no.

[Katie Green]

Remember I mentioned last week I was told that it's a big thing on dating sites. A big thing, but fairly common for people to say no vax. Like they are only interested in people that never got the vax for dating, which is interesting. I don't know if that's just a political direction or you think it'll do something to you. I don't know.

[Unknown]

From the New York Post, Caitlin Clark rookie Card sells for $317,000 to continue record breaking auction runs.

[Jack Armstrong]

She was a rookie last year.

[Katie Green]

I would think there'd be a fair number around. Although on the other hand, who's collecting WNBA cards?

[Jack Armstrong]

Who's printing them? Exactly. Exactly. Yeah. Wow, that's surprising.

[Unknown]

Study finds a red meat allergy from tick bites is spreading.

[Katie Green]

Wow, that would be devastating to me.

[Jack Armstrong]

Yeah, you'd get over it.

[Katie Green]

But no, I wouldn't.

[Jack Armstrong]

So you get a tick bite and that gives you a red meat allergy? Yeah. Is that a Lyme disease related thing or different?

[Unknown]

It's called Alpha gal syndrome and it's something they're just finding out about.

[Katie Green]

I can't hardly imagine anything worse.

[Unknown]

I know.

[Jack Armstrong]

Alpha gal summer. I heard that was the trend.

[Unknown]

And finally from the Babylon Bee baseball game. Delayed indefinitely after female umpire says she'll be ready in just a minute.

[Jack Armstrong]

Oh, cliches. I don't appreciate.

[Katie Green]

Lots of talk about the first female umpire's debut in a something or other over the weekend.

[Jack Armstrong]

Yeah, yeah, she. Yeah, she. She called the series Atlanta and somebody in her her first plate appearance. The first pitch was way off the plate and she called it a strike which resulted in I hate to say this, but mirth and mockery.

[Katie Green]

Did the announcer say anything?

[Jack Armstrong]

Yes, in effect they mentioned the pitcher's name, which I don't recall.

[Katie Green]

Joe Jones.

[Jack Armstrong]

Jones really liked that call from Jen. What's her name?

[Katie Green]

Okay, we'll have to try to find that audio and then discuss that because I know we got some emails about it and that sort of thing. We got lots of news of the day. It's a Monday. We gotta catch up from the weekend, don't we? Hope you can stick around.

[Jack Armstrong]

Armstrong and Gettysburg.

[Donald J. Trump]

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[Joe Getty]

The reviews and ratings are in and Ice Cube's big three is the surprise hit of the summer. This Saturday, 4pm Eastern on CBS. With playoff elimination on the line, the Stars will be flocking to Los Angeles to witness the most physical, fiercest and competitive basketball in the world. Miami's Michael Beasley and Lance Stevenson must win over Houston to make the playoffs, reeling from last week's savage beating at the hands of Chicago's possessed Montrez Harrell. Last time these teams met, Miami beat Houston, but they are a dangerous team having their manhood at stake. Then breakout star Dwight Howard of the LA Riot will battle Gary Payton's Boston squad in a do or die match for both teams. Will LA avenge their previous shocking loss to perennial basketball Boston rivals to survive, six teams are allowed for four spots and all must win. Don't miss the Big Three, the three on three basketball league everyone talking about. There's no crying in the Big Three and the no hold spot action starts Saturday at 4pm Eastern, 1pm Pacific, followed by two games on Vice starting at 6:30 Eastern. Presented by iHeart.

[Katie Green]

The tariffs have kicked in right now. For real now.

[Joe Getty]

Oh man.

[Katie Green]

They say everything's gonna go up now. We get 14% of our beef from Brazil. I was at McDonald's today. The guy said can you afford fries with that.

[Jack Armstrong]

Right now?

[Katie Green]

That's a pretty good joke even though fries are not made of beef. So I don't know about the transition there but.

[Jack Armstrong]

Well, having spent an enormous amount upon the gotcha, the clerk in this scenario was concerned that the customer might have insufficient funds remaining. Right.

[Katie Green]

Before we get to who's paying tariffs and what they are, the latest study, a couple of things on the way. Katie, you need to do all the research on the Labubu craze. I believe we've brought this up once before.

[Jack Armstrong]

Yeah.

[Katie Green]

But if you can look into that. I'm not, I don't know enough about it and I guess it's a thing with a certain crowd. So I like to know everything that's.

[Jack Armstrong]

Wrong with America and human being, everything.

[Katie Green]

That'S wrong with American human beings is displayed in the Labubu craze.

[Jack Armstrong]

Right. It's all come together, manifested itself in the Labubu craze.

[Katie Green]

Also Trump's meeting with Putin in Alaska on Friday and at least what they're hinting at is not okay with Europe. And we'll talk about that to kick off hour two. So Goldman Sachs latest survey, and this is still early analysis, and this is through June are the latest numbers. So we don't know about July and the first couple of weeks of August and the tariffs are way different now than they were back in June. So let's keep that in mind with all of this. Okay. But at least at that point the numbers were who was paying the tariffs. Foreign exporters absorbed 14% of U.S. tariffs, U.S. companies ate 64% of U. S tariffs up to that point. That is not going to continue. I think they were doing that with the idea that he's going to change his mind or something will happen or whatever and didn't want to lose customers to their competitors. But you can't keep that up forever.

[Jack Armstrong]

And any conservative worthy of the description, a non moron, really understands that. And you hear this from Democrats and especially socialists a lot. We're gonna punish those corporations. They never say companies, they say corporations because it sounds scarier. We're gonna punish all those companies, we're gonna bring them to Their knees. And you're gonna get good wages and affordable products after we crush all the private enterprise. Right.

[Katie Green]

Remember when Mitt Romney got so much grief for saying, corporations are people, my friend, which is obviously true, but.

[Jack Armstrong]

Yeah.

[Katie Green]

So companies paid about two thirds of it. Foreign exporters paid 14% of the tariffs. U.S. consumers ate 22%. That's going to flip, I think, quite a bit.

[Jack Armstrong]

Yeah, I would agree. Yeah. There, there were a number of measures that were taken. Maybe you have that in front of you to soften the blow for as long as possible by companies having, you know, heard that this was coming. But that won't last forever.

[Katie Green]

Yeah. And consumers will see bigger price increases. 70%, it says here, through the fall. I don't know what that number means, actually, but it sounds like a big number. So while we've got the backdrop of the world in the late 30s coming apart at the seams and major decisions being made to avoid a giant war, we've got this whole tariff thing going on that is going to land, I think, with a pretty big thud.

[Jack Armstrong]

I think I've predicted by October, November, I think the discomfort is really going to be clear. I could be wrong because everybody with a financial interest in this, which is everybody is trying to figure out, all right, what can I do to, like, minimize any damage to my business? My pocketbook, my, my, you know, number of employees I have, whatever, as long as possible. Because it's not clear how this is going to shake out. Everybody is doing everything they can. It's like, you know, your doctor told you, hey, good news. We can save your life. This medicine's $5,000 a month. What you do in the first two months is going to be very different than what you do in the 10th month to pay for that medicine. And I think tariffs are going to.

[Katie Green]

Be similar by the 10th month. I'm down at the Greyhound station.

[Jack Armstrong]

Oh, easy now, easy.

[Katie Green]

Looking for lonely men Doing what you got to do.

[Jack Armstrong]

A loan.

[Katie Green]

Yes. Asking for a loan at reasonable interest rates. I would be exuberant to be wrong about this tariff thing and have it work out. I would be thrilled. I've. I've never claimed to be a person with a lot of knowledge about economics, and I'd be perfectly happy to say, well, good. You didn't listen to me. I don't know what I'm doing. But I also, I think there's a decent chance it's going to be the biggest topic in America in the fall.

[Jack Armstrong]

Right. Well, I would love, love, love to come back, you know, on January Whenever we restart work, presuming we're still employed, you know, and explain exactly what I got wrong and why I was wrong and how it's unbelievable and why the economy is just in such great shape and everybody's 401k is bursting at the seams and. Oh, I would love that. So let's all get together then. But I'm somewhat skeptical you skipped the.

[Katie Green]

Whole first half of the school year. Thanksgiving, Christmas, everything. Just everything.

[Jack Armstrong]

Well, I just. I think the birds will take a little bit, a little while to come home to roost.

[Katie Green]

Right, but you said we'll all meet there and I don't know, like there's a lot in between now and then I got to deal with.

[Jack Armstrong]

Fair enough. All right. School starts next week.

[Katie Green]

I'm focused.

[Jack Armstrong]

Oh, yeah. Depending on where you are, which is just. It's crazy. It's crazy. Why is the school year so long now? It doesn't matter. Well, it does matter, but it's another topic for another day. So. This is a very weird headline and I read it this morning and did a double take. Nvidia and Advanced Micro Devices, those are the super giant chip makers are expected.

[Katie Green]

To be the most valuable company in the entire world by a lot.

[Jack Armstrong]

Yeah, Nvidia, yes, certainly is. Are expected to pay the United States government 15% of the money they take in from selling artificial intelligence chips to China as part of a highly unusual financial agreement with the Trump administration. It comes a month after Nvidia received permission to sell a version of its AI chips to China.

[Katie Green]

Where's Nvidia based?

[Jack Armstrong]

Oh, gosh, they a Silicon Valley company. Yeah, where they're based and where they do their manufacturing or two different video based.

[Katie Green]

I just asked chat GPT and they'll give me the. Ah, Katie already looked up. You win, Katie.

[Jack Armstrong]

Good. Way to go, Katie.

[Katie Green]

What do you got, Katie?

[Unknown]

Headquarters are located in Santa Clara.

[Katie Green]

Santa Clara. So right next to Levi's Stadium. So they could go to the 49ers games.

[Jack Armstrong]

Why? Why?

[Katie Green]

Why? We. I suppose we.

[Jack Armstrong]

Last time I went to a 49ers game, I threw up, so I'd appreciate you not mentioning that.

[Katie Green]

You threw up?

[Jack Armstrong]

Yeah, when I got home.

[Katie Green]

Was that a drinking related episode?

[Jack Armstrong]

Yeah, but not entirely. It was one of those. I was on a party bus and there's like a really weird variety of foods and there was alcohol and it was a really hot day.

[Katie Green]

Oh, that's a rough combo, man.

[Jack Armstrong]

Oh, I just felt terrible.

[Katie Green]

The hot day is what put it over the top. Oh, that makes me feel sick.

[Jack Armstrong]

Was There. Overindulgence. Yes, yes, there was.

[Katie Green]

Lots of foods that should not be in the same stomach at the same time with a bunch of booze on a hot day.

[Jack Armstrong]

Oh, all right. I say to myself.

[Katie Green]

Little of the bus.

[Jack Armstrong]

Oh, yeah. Finally get home and it's like, I don't feel good, honey. Oh, boy. Not my best day anyway. Where were you? Nvidia, the proud American company and builder of the greatest AI chips on earth. But there are few precedents for the Commerce Department agreeing to grant licenses for exports in exchange for a share of revenue. In June, the administration approved investment by Nippon Steel, a Japanese company in US Steel, in a deal that include a so called golden share in the company. A rarely used practice where the government takes a stake in a business.

[Katie Green]

This is all starting to feel a.

[Jack Armstrong]

Little, I don't know. Bolivian.

[Katie Green]

Well, I'm not a communist, but so, you know, companies can do whatever they got to do for the. But do we want the best AI chips in the world being sold to China at all? Is there anything we can do about that in a free market? No.

[Jack Armstrong]

Well, and if it is, I, the, the. The premise or the prelude to this was us telling Nvidia, no, you can't be selling the great chips to China. There are. There are global adversary. They're. They're communist brutes. I was just reading a review of a book about the concentration camps China's running for the Uyghur people among other minorities. And I was like, you think I.

[Katie Green]

Don'T know about this? I see the college students protesting on campuses about the Uyghurs being held in the concentration camps. I joke, of course.

[Jack Armstrong]

Excellent sarcasm. Yes. And I was reminded of what a brutal and horrific regime the Chinese Communist Party is. But so we said to them, no, you can't be selling the advanced stuff to China. They're a geopolitical adversary, number one. They are bent on the overthrow of free markets, capitalism, the United States, liberty, and everything that is good and holy. And that's absolutely not acceptable unless you cut us in for 15%. That does not feel good to me. Headline in the Wall Street Journal. The US marches towards state capitalism with American characteristics, which is a parody of China. Describes itself as socialism with Chinese characteristics. And I'm uncomfortable with a lot of this very weird inter, you know, mingling of government and industry, which goes back to earlier decades.

[Katie Green]

I don't remember who did it first. Soviet Union or whatever. Socialism with a human face.

[Jack Armstrong]

Right.

[Katie Green]

Too bad for the Uyghurs that the Chinese Communist Party isn't made up mostly of Jews, because then the college students would really be into this story.

[Jack Armstrong]

Yeah. Yeah. Indeed.

[Katie Green]

That's. So we gotta. We gotta come up with something that's a little more optimistic.

[Jack Armstrong]

Yeah, I know, I know. I would love to. Mailbag's actually very good. Includes some really good thoughts and ideas. I just. The great thing about Trump is that he is not beholden to precedent and tradition, a lot of which is really just an expression of the powers that be, the swamp, telling us how things really ought to run. And it's very important that they continue to run in the way that protects our interests and enriches us. And Trump doesn't really care about a lot of that stuff, but sometimes his lack of regard for precedent and tradition is. It does damage. I'm a little concerned about some of this industrial policy stuff, so I guess we'll all find out together. I'll meet you here. January 4th, or whatever it is.

[Katie Green]

Joe keeps trying to skip fall.

[Jack Armstrong]

We've got.

[Katie Green]

Mailbag on the way. We'll listen to misogynists beat up on the first female umpire. It's just disgusting.

[Jack Armstrong]

Sweetheart, a strike is when it crosses the place.

[Katie Green]

Oh, my God. Okay. Oh, my God.

[Jack Armstrong]

Wow.

[Katie Green]

Okay, we got Mailbag on the way.

[Joe Getty]

Stay here.

[Jack Armstrong]

Armstrong and Getty.

[Donald J. Trump]

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[Joe Getty]

The reviews and ratings are in. And ice Cube's big three is the surprise hit of the summer. This Saturday, 4pm Eastern on CBS. With playoff elimination on the line, the stars will be flocking to Los Angeles to witness the most physical, fiercest and competitive basketball in the world. Miami's Michael Beasley and Lance Stevenson must win over Houston to make the playoffs. Reeling from last week's savage beating at the hands of Chicago's possessed Montrez Harrell. Last time these teams met, Miami beat Houston, but they are a dangerous team having their manhood at stake. Then breakout star Dwight Howard of the LA Riot will battle Gary Payton Titans Boston squad in a do or die match for both teams. Will LA avenge their previous shocking loss to perennial basketball Boston rivals To survive, six teams are allowed for four spots and all must win. Don't miss the Big three, the three on three basketball league everyone is talking about. There's no crying in the big three and the no hold spot action starts Saturday at 4pm Eastern, 1pm Pacific followed by two games on Vice starting at 6:30 Eastern.

[Katie Green]

Presented by iheartrade Breaking news details later Judge denies request to unseal the transcripts from grand jury that indicted G Dog Maxwell. So more on that later. We're not going to see that transcript.

[Jack Armstrong]

Here's your freedom loving Quote of the day Continuing our series from Javier Milei, the savior of Argentina. You may recall Friday he mentioned that the state first and foremost is a thief that spends on itself second, and here's today's quote. The state has been used by organized groups of private sector caste to get privileges that are not only unfair but also damage growth protected businesses. It's a Spanish word that they translate badly protected business people and trade union scumbags.

[Katie Green]

What was that thing at the beginning though? The state is a.

[Jack Armstrong]

The state first and foremost is a thief that spends on itself the political caste, and not only by explicit taxes, but also by a hidden tax that destroys the economy, the inflation tax.

[Katie Green]

So just that sort of language about the state is a thief. That was popular when I was like coming of age, the Reagan years to say that sort of thing about government. Now it's become like you're a really bad person to badmouth government. These are people just trying to do good in the world. The history of the world is that power will will steal from you, murder you. I mean that's just always the history of power.

[Jack Armstrong]

It serves itself. Always primarily. Mailbag Drop us a Note [e-mail] we lost a truly great American over the weekend. This is not some idiotic celebrity death.

[Katie Green]

We did Hulk Hogan already.

[Jack Armstrong]

The Amazing Jim Lovell. Oh, astronaut commander of Apollo 13 Apollo mission that miraculous, miraculously got back to earth. One of the coolest heads ever to walk the earth, Jim and Lafayette points out that WW2 is a great generation, but so are those naval officers of the 50s like those at the Hanoi Hilton that organized language and math classes to keep their men's brains active and blinked to torture when put on parade for world press and the astronauts. Good stuff. Thanks for the note.

[Katie Green]

Lovell the astronaut that didn't get to walk on the moon.

[Jack Armstrong]

Right.

[Katie Green]

And Norm MacDonald's got a great bit about that. The disappointment.

[Jack Armstrong]

Buzz Aldrin with a beautiful tribute to Lovell when he passed a couple of days ago. One of his closest friends, lifelong incredible respect. Really nice. Anyway, Bing him or chat GPT Jim Lovell and read about him and amazing.

[Katie Green]

I read the whole biography. It was pretty impressive.

[Jack Armstrong]

Moving along. Dr. Jeff writing from Dolphins Blowhole, Hawaii. You know, I've spent a fair time in Hawaii, Dr. Jeff, and I don't recall coming across Dolphins blowhole or its charming citizens. But Dr. Jeff points out Jack Joe, Alaska, where Trump is meeting Putin, gets warm in August and air conditioning is rare, so there will be a lot of open windows. Would be very unfortunate if Putin was to accidentally fall out of a window. I'm just saying maybe Trump's lured him.

[Katie Green]

Into the United States and we're just going to clap him in handcuffs and you're under arrest.

[Jack Armstrong]

That would be controversial. Speaking of norms and traditions that Trump, you know, doesn't regard, has no regard for. No, you don't like call for a summit then abduct the world leader? Yeah, I do. Eh, let's do it.

[Katie Green]

Once one of the world's worst war criminals and he'll be on U.S. soil.

[Jack Armstrong]

Right. Let's snatch him up. Let's see. On the topic of libraries, Jashan writes, guys was listening last week. The talk about libraries was crazy. Visits to libraries have plunged nationwide in the United States, of course they have. Even though people are reading as much as ever, it's because the bums and junkies have made it so unpleasant. And if you missed it, grab it via podcast Armstrong and gettyondemand. But there is a significant, you know, subset of and it's like half, maybe or more of the library world that believes libraries should be homeless shelters.

[Katie Green]

Crazy people.

[Jack Armstrong]

Anyway, Jashan writes, I recently took my kids back to my neighborhood I grew up in, not too far from the radio ranch. Took them to the library I went to as a kid. There's not a chance in hell I'd ever let a young child go to this blank hole alone. The park outside is one big junkie camp. Now. I took my kids there, we got out to walk around and I said, let's go back to the car. This is not safe. What the hell?

[Katie Green]

You certainly wouldn't let your 8 year old daughter say I've got to use the bathroom. It's over there. You know, honey, you can go use it. No way you'd let him go there by themselves, if at all.

[Jack Armstrong]

My sister and I, when we were fairly small kids, rode our bikes to the library all the time. It was cherished part of our childhood. Let's see, Travis writes. I'll preface this by saying I'm generally not a fan of more regulations as I'm a conservative, a lean slippertarian. That said, there's one regulation I'd support regarding AI, especially considering the increasing risk of not being able to discern what's real versus what's been generated by AI. I think audio and video generated by AI should contain a digital watermark. That way you'd always know. I can't immediately think of any downsides of that being added. AI media how it would be enforced. Well, that would be hard. Maybe impossible. It's an interesting thought.

[Katie Green]

Yeah.

[Jack Armstrong]

Anyway. His two cents adjusting for inflation.

[Katie Green]

His two cents adjusting for inflation. Man, two cents is not worth much. That's why we got rid of the penny, you realize.

[Jack Armstrong]

Did we?

[Katie Green]

Yeah, we did. The penny went away. Some of the ones out in circulation are gone. There'll be no more.

[Jack Armstrong]

Excellent.

[Katie Green]

I know. I'm all for it.

[Jack Armstrong]

So example of Trump's positive, you know.

[Katie Green]

Revolutionary thinking Europe might not agree with the Russia Trump plan.

[Jack Armstrong]

Armstrong and Getty Ice Cube's Big Three.

[Joe Getty]

Is the surprise hit of the summer. This Saturday, 4pm Eastern on CBS, with playoff elimination on the line, the most physical and competitive basketball in the world. Miami's Michael Beasley and Lance Stevenson must win to make the playoffs, and breakout star Dwight Howard of the LA Riot will battle Gary Payton's Boston squad in a do or die match for both teams. Six teams are allowed for four spots and all must win. There's no crying in the big three, and the no holds barred action starts Saturday at 4pm Eastern, 1pm Pacific. Presented by iHeart.

[Jack Armstrong]

This is an iHeart podcast.