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- [00:01]
A
What if a few minutes with God could change the direction of your entire Day? With pray.com you can begin each morning with powerful daily prayers, inspiring Bible stories and messages created to strengthen your faith. Whether you need peace, encouragement or a fresh start, pray.com helps you make prayer part of your everyday life. Download the prey.com app.
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B
Today, The stock market reaches a historic high amid encouraging reports from tech firms. And on the Hormuz Strait.
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A
We just have all these great policies set into place, Larry, and they're just starting to work. Time in, time out. You know, we're in very, very good shape economically. And I'm not worried about this economy going forward.
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B
I'm Daily Wire executive editor John Bickley with Georgia Howe. It's Wednesday, August 5th. This this morning wire.
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C
As Rand Paul sets the date for a contempt vote for Anthony Fauci. Several states launch their own investigations. We talked to the attorney general of one of those states.
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D
I think that it's surprising to everybody that he's now so unwilling to talk. His diary is going to do a lot of talking for him, and I'll be looking closely at that.
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B
Wildfires continue to rage in Washington while more details emerge about the arrest of an arson suspect. The witness, the citizen, very good citizen,
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A
he noticed the male was bending down near some grass.
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C
And an armed man is arrested outside a Trump golf course ahead of the president's visit. Thanks for waking up with MORNING wire. Stay tuned. We have the news. You need to know if you've ever found yourself frustrated by what's happening at your child's school or wondering if there's anything you can actually do about it. You are not alone. Concerned Women for America is the nation's largest public policy grassroots organization for women, helping families get informed, get involved and stand up for the values they believe in. They've even put together a free practical guide to civic engagement and voting. Join CWA's growing army of fighters for truth and download their free Practical guide for engagement and voting@conservedwomen.org wire. That's concernedwomen.org wire. The stock market continues to break records as The S&P 500 touched a new high and the Dow surged before close on Tuesday. This spike is being driven in part by earnings releases from major tech firms and reassurance from Treasury Secretary Scott Besant.
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B
Joining us now is Steve Moore, former economic advisor to President Trump. Steve, thanks for coming on.
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A
Thank you.
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B
So we're coming off a huge day of trading yesterday. How much of what we're seeing in stocks is due to earning calls with companies like Palantir and SpaceX. And then how much of that growth is being driven by investor confidence in the actual US Economy itself?
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A
Well, a little bit of both. I mean, as my friend Larry Kudlow would say, earnings are the mother's milk of the stock market. So obviously, when earnings are good, the stock market goes up, and the investors liked what they saw with respect to these earnings numbers that were reported in the last couple of days. But there's also just a sense of confidence in the Trump policies. You know, obviously, Iran has not gone nearly like we would have hoped. But you look at the other indicators on the US Economy really showing great improvement. We got a manufacturing boom going on in the this country. We have a technological boom. AI is here, and it's already leading to amazing productivity improvements, construction. We're building stuff all over, whether it's public infrastructure, whether it's data centers, whether it is, you know, factories, they're being built here in the United States. And then let's not forget we had the Trump tax cut. That's something that every single Democrat voted against. But it is money in people's pockets. It's reduced the cost of investing here in the United States, and it's been like a magnet. So all of those things explain this economy, which, you know, look, people are still angry about food prices and gas prices, but so much of the other things that are going on are very positive.
- [04:16]
B
Now, we've been reporting on fears about the AI bubble, and I wanted your perspective on this. Are you wary of, you know, the speed that these stock valuations have been rising?
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A
Well, first of all, let me say I'm not a very good stock picker, so maybe I'm not the best person to ask that question. But of course, you know, you look at these, many of these companies have these valuations worth many multiple billions of doll, in some cases trillions of dollars, and yet they don't have. Some of them don't even have earnings yet. So a lot of this is based on what people are predicting in the future. But then on the other hand, I'm an economist, so I have two hands, right? On the other hand, look at what happened with people who invested in Google or people who invested in Apple or people who invested in Nvidia, as my wife did early on, and we've made a great fortune off of that. So I think there is something to be said getting in on these companies early.
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C
Now, another major factor has been the price of oil, which tends to move along with news coming out of the Strait of Hormuz. Scott Besant has said the administration could be close to a deal. There's been a lot of back and forth on that recently, of course. How should the average American investor be looking at the situation with Iran?
- [05:26]
A
I mean, I think with skepticism because everything we've been told for the last couple months seems not to have happened. So I think people should have a skeptical eye. Eventually, this situation will get resolved. It's a shame. You know, I'm 66 years old. For most of my life, you know, we've been very vulnerable to disruptions in supply in the Middle east, and they are not a reliable source. Thank God we have a president who's doing drill, baby, drill and producing as much oil and gas here at home. You know, the United States today is the number one producer of oil and gas in the world, thanks to Trump and also the fracking revolution. But also we are a net exporter of oil and gas. For the first time in 50 years, we're actually producing more oil and gas than we consume. So this has been a triumphant Trump energy policy.
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B
Now, you've mentioned one major thing here as a final question. You know, energy looks like a very positive for you going forward. Anything else that you feel gives you a lot of confidence about the economy in the coming months and years?
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A
Yeah, I think that the fact that we're doing so much investing in this country, I think that we're just as the United States dominated the Internet age for the last 20 years. You know, nine of the top 10 technology companies in the world are here in the US of A. We have to make sure that we dominate the next phase of robotics and artificial intelligence, and we're in a good position to do that. So, of course we need to buy. I know it's controversial, but we need to build data centers. But we should only build the data centers and the communities that want them.
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B
A major battle there that we've also reported on, and I don't think that's out of the news cycle just yet. Thank you so much for joining us.
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A
Thank you, guys.
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E
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C
Senator Rand Paul has scheduled a Senate committee vote on whether to hold Dr. Anthony Fauci in contempt over his testimony last week. The resolution is expected to pass and Paul says he plans to refer Fauci directly to the Justice Department for prosecution. Meanwhile, three states, Alabama, Florida and Louisiana, are now active investigating Fauci.
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B
Joining us now is the attorney General of one of those states, Louisiana, Liz Merle. Attorney General, thank you so much for coming on.
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D
Great to be with you, John.
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B
So your state has already helped lead a significant lawsuit against the government that involved Covid. That was similar to the case that Daily Wire brought. In fact, now you have this new investigation. Let's start with this testimony from last week from a prosecutor's perspective, what did you make of Fauci invoking the fifth more than a hundred times? And how does this all connect to your investigation, I guess.
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D
I don't think it was surprising. I mean, I think he's. He's worried, as he should be, that states may come after him for violations of state law, and that is something that the president is unable to pardon him for. You know, in Louisiana, we sued the federal government with Missouri over stifling speech and coercing big tech platforms to press only the government's viewpoint and narrative on vaccines and on Covid related topics, among other things. And, you know, they all, they kept saying they weren't trying to coerce the anybody, they weren't threatening big tech, and everything they said was true. And in the course of that lawsuit, we deposed Dr. Fauci. So that has really been the focal point of my inquiry at this point, is to go back and look at his deposition and see what he said at the time. Now that we know that he kept
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B
a diary, so the diary is key here. Can you unpack that more for us?
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D
So when you are subjected to being deposed or you have to answer requests in a lawsuit, you answer those requests under oath, under penalty of perjury. And so he. We deposed him. And he. In almost every question we asked him at the time, as I recall, he had very poor recall. He said he couldn't recall a million times, almost as many times as he took the fifth in the Senate hearing. He said he couldn't recall details when we deposed him. Well, it turns out he was keeping a diary. I mean, he knew what he ate for breakfast every day in his diary, and he apparently recorded everything that happened every day. I don't believe that he disclosed that. Obviously, we would have deposed him on all of those details had we had access to that information at the time, and we didn't. And so that, that is something that I'm going to have to be taking a close look at now.
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B
You mentioned Joe Biden's pardon, this unprecedented preemptive pardon. Your argument is that this does not prevent states from taking legal action. Can you explain that for us?
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D
That's right. I have to assume that is why Dr. Fauci is taking the fifth now, because he had broad. He was very broadly pardoned by President Biden. We, you know, I think a lot of us, many, many of us in this country have questions about why he's taking the Fifth and why he won't answer questions clearly and succinctly. You know, I think that it's. It's surprising to everybody that he's now so unwilling to talk. His diary is going to do A lot of talking for him.
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B
Is this ultimately about holding one individual to account or is this about establishing that, you know, federal officials can't evade state law?
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D
Generally, children were sick. I mean, my own son developed myocarditis from the Pfizer vaccine. And that was because they were not giving out clear, transparent information and they were hiding information about the studies and the failure of those studies to actually evaluate the impact or to give out information about what the impact was on young adult men. So, you know, I think Dr. Fauci needs to be held accountable for the statements that he withheld and the information he withheld from the American public for his own political purposes. But, you know, our capacity to hold him accountable for that is. Is tricky. And I think we've got to really look at making sure this can never happen again in our government.
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B
Well, I hate to hear that you were so personally impacted by this. And then here at the Daily Wire, we faced potentially closing our doors if we had not won our lawsuit against the Biden administration over that mandate to require vaccines of our employees. And then, you guys, we've appreciated personally your lawsuit on free speech. That affected us directly. Attorney General, thank you so much for coming on.
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D
Thank you for having me.
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B
An arson arrest has been made in relation to the wildfires spreading rampant across Washington, affecting tens of thousands of people.
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C
Daily Wire reporter and host of that's so Criminal, Lyndon Blake joins us now with more. So, Lyndon, what do we know about this individual who was just arrested?
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F
Yeah, it's interesting that this fire in Washington is starting to kind of mimic what we saw in the past. Palisades or one of the fires were started by an arsonist. That's what authorities are saying is happening. They say the suspect In Washington is 37 year old Aaron Faris Farinacchi and he is just a suspect in one of the many fires that is burning across the state. And right now Aaron is currently being held on a million dollar bond. Witnesses are saying they saw a man looking at the trees and then shortly after smoke started appearing. And authorities are saying that FI was located less than a mile from that fire scene. And when he was arrested, he reportedly had waterproof matches on him and a butane. An interesting thing about this arsonist suspect though is he was charged with first degree murder back in 2010 for killing his father down in Arizona. Now, those charges were later dismissed following a grand jury indictment. But in 2012, he pleaded guilty to manslaughter and aggravated assault.
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C
So a disturbed individual it sounds like. What do we know about the Fires themselves.
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F
Yeah, so I mentioned there's a lot of fires, upwards of 20 active fires burning across Washington state right now. The fires have burned more than 260,000 acres. And there's even wildfires in Oregon that have burned 2 million acres, shattering the state's previous wildfire record as a region faces its worst fire season in more than 30 years. And the images are just harrowing to look at. You're seeing just flames everywhere, homes destroyed. Nearly 65,000 people have been evacuated from their homes in the Spokane area. And there's no injuries or deaths at this time. But officials say the scale of the fires means it'll take some time to fully assess the damage there. And the fires, like I mentioned, assumed so many acres. But more than 8,000 acres have 0% containment since they started Saturday. And authorities are racing to make progress before the conditions worsen. I mentioned those images. There's plenty of video out there now showing the fire that is just towering over trees and neighborhoods. You can see the airplanes, they're trying to get through and drop that retardant on the fast moving flames to kind of stop it and contain it. Footage also showed homes that were left in ruins after the fire whisked through. And you have to remember the terrain here in Washington State, the Pacific Northwest, so many trees. And the fire has been able to rip through. About 1100 firefighters were assigned to just the Spokane area alone on Monday, While more than 29,000 wildfire personnel were deployed nationwide, with resources heavily concentrated across Washington state, moving into Oregon and then in Idaho.
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B
And you said some of these fires 0% contained at this point?
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F
Yeah. So the fires are named individually and again, there's upwards of 20 right now. But the fire that the arsonist started, that Old Trails fire, it has currently burned more than 3,000 acres and it's 0% contained. The Autumn Lane fire, 0% contained. This fire, the little giant fire that's burned nearly 60,000 acres, it is still 0% contained. So while some of the fires are starting to get contained, I'm talking low numbers, 5%, maybe 17%, a lot are still at zero. And that's what firefighters are trying to just make some headway as we move throughout the week.
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C
Very serious situation. Lyndon, thanks for reporting.
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F
Thanks, guys.
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B
Other stories we're tracking. The results are in for a high stakes primary in Michigan yesterday. Far Left candidate Abdul El Sayed has won the Democratic nomination for U.S. senate. El Sayed, who's endorsed by the Democratic Socialists of America, ended up defeating the more establishment Democrat, Haley Stevens. This sets up a November contest against Republican Mike Rogers.
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C
And authorities arrested a man outside of Trump's Southern California golf course, allegedly monitoring security planning ahead of the president's scheduled visit on Tuesday. Officials announced Tuesday that 38 year old Jeanine John Telle was arrested Sunday outside of Trump National Golf Club in Ranchos Palos Verdes. In a search of his home, FBI agents found an illegally modified rifle, a.45 caliber pistol, ammunition and body armor. Officials also uncovered a notebook containing what they described as concerning statements. The Secret Service is investigating if the suspect posed a threat to the president.
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B
Thanks for waking up with us. The reporting that fuels this show is only possible because you tune in every day and because of all of our Daily Wire subscribers.
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C
To enjoy the show ad free and join our mission become a member@dailywire.com we'll be back later this evening with more news you need to know.
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B
Hey, it's Ryan Reynolds here for Mint Mobile.
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F
Now.
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B
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A
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