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Jake Novak
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Travis Holloway
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Let's be honest, building wealth doesn't look the same for everyone I feel like.
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Sometimes being broke is a cycle and that we might have to revisit that.
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And we're not stopping at success stories.
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What happens when it doesn't go right? How do you cope with it?
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Because wealth isn't just about money. It's about creating a life where you thrive and help others do the same.
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Listen to the Wealth Break podcast on the iHeartRadio app.
Jake Novak
Ahead on American SUNRISE EARLY edition, thrown out. Federal judge tosses the indictments against James Comey and letitia James because U.S. attorney Lindsey Halligan's appointment wasn't done properly. Really, the charges can be refiled, but of course, this is a setback for the Justice Department. But another case looks like it's just beginning as the Department of War starts the process of possibly court martialing Senator Mark Kelly for participating in that video urging active duty troops to question and disobey orders. Still more optimism coming out of the peace negotiations trying to end the Russia, Ukraine war. And here's the latest sign. Progress is being made. China's President Xi called President Trump about it yesterday. Xi's panicking because he doesn't want the war to end. NBA hall of Famer and suspended trailblazers head coach Chauncey Billups pleads not guilty to being involved in a mob controlled poker scam. The NBA betting scandals aren't going away. Oh, and by the way, Billups not guilty plea was sponsored by bet365 and DraftKings. Just kidding. And President Trump signs an executive order beginning the process of likely designating the Muslim Brotherhood and many of its affiliates like CAIR as terrorist organizations. The list of entities affected is long indeed. American SUNRISE EARLY EDITION begins now.
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Welcome to American Sunrise EARLY edition, the.
Jake Novak
Show where faith, freedom and the values.
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Jake Novak
Welcome, everybody. I'm Jake Novak. This is AMERICAN SUNRISE EARLY edition. It's a Tuesday. We're almost there. We're almost to Thanksgiving. And I would really argue that Thanksgiving is not only the greatest American holiday, but it's probably the greatest holiday in the world. You have food, you have football. You don't really have a lot of religious services, although for those of you who do a special Thanksgiving service, I think that's lovely. It's pretty awesome. You don't really have a lot of obligations other than eating and watching football, that is. I don't think any other country has anything that comes close. Don't even try everybody. But anyway, we're almost there and I want to thank you for joining us and of course, helping us to get through some of the things that I think a lot of us will be thinking about on Thanksgiving, and that's the economy is Old Glory bank founder and CEO Mike Ring, friend of this program. Mike, we did get a better than expected jobs report last week, albeit for September was heavily delayed because of the Schumer shutdown, but it was more than twice the jobs that we thought were, you know, were going to be created in September. And then we have this report now also that came out yesterday that showed that it wasn't just jobs. There was a lot of parts of the economy that were picking up in September just before the shutdown started. Now, we won't know for a while if the shutdown killed that momentum. I don't think it helped it, that's for sure. They the Democrats in Chuck Schumer absolutely trying to inflict pain on the American people just like they did with the crazy COVID lockdowns in the hopes of destroying the economy and getting people, they hope to blame President Trump. But Mike, I have to ask you overall, how do you feel the economy is doing? I know it's not an A plus economy, but it's also not an F economy. Where do you put it right now, Mike?
Mike Ring
I put it at B plus, maybe an A minus. Much better than you and I did at school, Jake, by the way, and here's what people are not talking about that is so important. Everyone wants to talk about affordability, which is important. We'll get to that in a second. But let's remember the trailing twelve GDP growth is 4.5%. We haven't seen that since Trump won. Under Biden, it was 2.8%. Inflation is down to 3%. Under Biden it averaged at 5%. So for the first time since Trump won, we actually have GDP that is higher than inflation. So your dollar for the first time is actually not declining because we're producing more and growing more than inflation. And no one is talking about that because it's such good news. And then unemployment, it's steady at foreign change. And if you think about America with our safety net, that really is full employment. The stock market's at an all time high. Granted, bitcoin is off right now, but that's more demand than fundamentals. And so if you think about it. GDP is very high. Inflation is getting under control at 3%. It's only probably 100 basis points higher than we want. Unemployment is great, this is a great economy. But when you talk about affordability, Trump has 25% that he's dealing with under Biden. Under Biden, inflation average 5% that toggled up to over 20%. And so there's only two ways to bring down prices. Democrats just want to throw money at you and say, here, solve your pricing problems by me giving you money. But that's not the way to solve it. There's only two ways to solve inflation and we always talk about this. Reduce demand, which is what the Fed wants to do by increasing interest rates, are holding them steady, or increased supplies. What we learned in high school, increased supply will bring down prices. And that's what Trump is trying to do. Bring investment, reduce regulations, make it easier to produce, produce, produce, produce will reduce prices.
Jake Novak
Now you sound like Jake Novak. I always say if we're talking about the cost of anything and it's not in the parameters of supply and demand, that person is wasting your time. And that includes, that includes health care. If you want lower cost health care, you have to increase the supply. I don't think we're going to get too far telling people to not want to live. So it's got to be an increased supply. So thank you for bringing us to those parameters and for justifying my decision to talk to you this morning because when people come on and talk about it in any other way, it's really a waste of time. Now, speaking of talking, the mainstream media is absolutely in collusion mode to talk down the economy. And there are things about this economy that absolutely concern me. To me, the biggest concern are housing costs. Cuz they have not just an economic impact, but also a culture impact. I think it's breaking up families. I think it's delaying adulthood for another generation of Americans, which isn't any good. So those are the things I would talk about. But that's not what the folks at Meet the Press wanted to talk about on Sunday with Treasury Secretary Scott Bessant. And Scott Bessen, as he often does when he goes on tv, gave this woman, gave some woman the lesson, the hostess a lesson. But before I get to that, I jumped the gun a little bit. I want to talk a little bit about spending, Mike, because again, you have this mainstream media saying that, oh, it's all looking terrible, it's not going to be a good spending Christmas. But the National Retailers foundation disagrees. They're expecting record spending for this Christmas season. And again they have skin in the game in this. They're the ones who are going to have to invest money to stock those shelves. So they're not just saying it for the media, they're they're telling retailers go ahead and make your investments and make sure you got enough that meet demand. That to me is worth more than what the media says.
Mike Ring
Agreed. And you know, being in the banking business we pay attention to delinquency rates and they're still at a very good historic low, about four and a half percent last quarter. So I agree with you. Consumer strength is strong, GDP is great. Unemployment is low, inflation still a little bit high. What's really driving the mood right now is exactly the mood. It's from all the corrupt mainstream media, not your show of course Jake, but, but the rest of the media is trying to make us feel like we're in a bad spot. So we then will not spend, we will not invest and it's really just mood driven and we need to snap out of it and say folks, we are in a great spot to live right now. We have a president who is focusing on the right things. Peace, security and investment.
Jake Novak
Yeah, I would tell all those mainstream media anchors and reporters when they're talking down the economy is if that's the way you feel, take less of a salary so that your employer can stay afloat because obviously they're crashing you first you show me how you're saying and of course you know they won't do that. Now I'm sorry I jumped the gun. Now I wanna get to Scott Bessant because even in the best of times you can focus on things that are really bad in an economy and vice versa. In the worst of times you could focus on some things that are good. Scott Bessant basically educated the teleprompter reading Hostess of Meet the Press about this when he explained that the economy has many parts. Check this out.
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Well, and banana prices are up almost 7%, coffee prices up nearly 19%.
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Isn't the fact that you're rolling back tariffs in admission that ultimately they do.
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Drive up prices for consumers?
Jake Novak
Chris, how much does your arm weigh?
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That I do not know exactly.
Mitch Eppner
But you know how much you weigh.
Jake Novak
You get on the scale every morning.
Mitch Eppner
Inflation is a composite number and we look at everything. So we are trying to, we try.
Jake Novak
To push down the things we can control.
Mitch Eppner
And as I said that we are.
Jake Novak
Working on the energy prices are down.
Mitch Eppner
And everything flows from that.
Jake Novak
And I think we're going to see these other prices come down. And again, many of these goods were.
Mitch Eppner
Part of trade deals with countries that.
Jake Novak
Have been in the works. There's nothing worse when you have these anchor people, I call them hostesses and hosts, and they have a piece of paper that somebody gave him. Banana prices are up. I mean, she doesn't know what banana prices are. I mean, why can't they get people to just have a conversation? She has no idea.
Mike Ring
Because they're all working for your network. Yeah, because they're all working for your network. And they don't hire people who think like how frequently. And the answer is never does someone ask a follow up question to a guest because they can't think. They can't read and think at the same time. And listen, Secretary Besson is the best. And the fact that he won't take the job as chairman of the Federal Reserve is just a shame because we would have him for 12 years. And if he won't take it, I guess we have to acknowledge it should be me.
Jake Novak
Listen, there's some, there's some crazy people who are in the running. I mean, I wouldn't call them crazy, but.
Mike Ring
Are you putting me in the list of crazy, Jake?
Jake Novak
No, no, no. I mean, I'm saying if those crazy people are in the running, then why not you? Or honestly, they got the CEO of Walmart who I think did a great job fixing Walmart, but I don't know what he knows about interest rates and lending and stuff like that. Maybe he does, but we'll see. I want to talk, actually, I want to also listen. The elephant in the room is that we're two days away from Thanksgiving. Talked about that at the top of the program. I've got a great capitalist on this program and I want you to help me remind the viewers that Thanksgiving, obviously there's a religious connotation. Of course, for those of you who know, it was modeled after the Feast of Tabernacles or Sukkot in the Bible. So of course it has biblical and, and religious origins. I'm not trying to take that away from it. I was only kidding about the fact that there's no religious services. Let's be honest. We want to get out of the services and eat and watch football. I get it. But it is the most capitalist holiday there ever is because people, they don't teach you this in school. When the Pilgrims got to Plymouth Rock that first year, they were a collective farm. They were basically communists and they almost starved to death. It wasn't until they gave Every pilgrim family a parcel of their own land to be responsible for themselves and to own themselves that they were able to do well and they had the surplus and they celebrated that surplus with the first Thanksgiving. It is a capitalist holiday, Mike.
Mike Ring
100% freedom goes with capitalists. You cannot have a capitalist, a free society without capitalism. Because if the government controls your property, controls the outcome, then you are actually not free. And when you turn people loose with freedom and the ability to own and acquire and pass down to your heirs and give to charity, it works. Now think about this. Mayor Zoron, Mayor Z from New York's favorite president is fdr. Franklin Delano Roosevelt, who of course was the president during the Great Depression. He's not exactly a laissez affaire president, but even he agreed that it was important to have spending over Thanksgiving. So no one remembers this in 1939 and 1940. He actually moved Thanksgiving earlier in the month to the third Thursday because he wanted a longer shopping center. The Macy's Day parade that we all love started in 1924. Cyber Monday, black Friday. It is always tied to capitalism. But you know what? Capitalism is the core to freedom. You can't have freedom without capitalism. So anyone who doesn't like capitalism needs to go live in a country where you're not free.
Jake Novak
Yeah. And people think when you say capitalism, you're talking about the stock market, you're talking about retail. Actually, at the end of the day, capitalism is about not starving. And the pilgrims are a big part of that. And you know, again, I'll go back to the Bible. The first communist was Cain. He killed Abel because Abel made an investment. He took a risk with a sacrifice to God. And that's what he was jealous of, resentful of, I should say. It was about capitalism versus communist. And communists end up killing the people they resent. That's what happens. We've seen that. It's a 5,000-year-old story. Nothing new under the sun. Mike Ring. Have a happy Thanksgiving, have a profitable Christmas season, and thank you for helping us not starve.
Mike Ring
Thank you, Jake, for having me. Happy Thanksgiving to you and your family.
Jake Novak
Thank you so much. Coming up, a court martial for Captain Kelly. He keeps making us call him Captain Kelly. Senator Mark Kelly. The process to at least make that possible is underway at the Department of War is the latest sign the Trump administration will not take efforts to demoralize and confuse our troops lightly. And later, the betting site advertising compromised. Mainstream media is trying to de emphasize the story, but I won't. NBA hall of Famer Chauncey Billups pleads not guilty to charges of being a part of a mob run poker scam. And that's just one of the betting scandals that's plaguing not just the NBA, but a lot of the pro sports leagues. I am not going to let this story get swept under the rug. American Sunrise Early Edition we'll be right back.
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Rodney Williams
I'm Rodney Williams.
Travis Holloway
And I'm Travis Holloway. Welcome to the Wealth Break.
Rodney Williams
Let's be honest, building wealth doesn't look the same for everyone. It's not just about saving. It's about investing. It's about navigating systems that weren't built for you, embracing your hustle and relying on your community to create something bigger.
Travis Holloway
And that's exactly why we created the Wealth Break. We made something different, something more human. It's not just another financial podcast. It's a conversation about real life, real struggles and real wins.
Rodney Williams
We're here to talk about the journey. You're hearing from people who've broken barriers, found creative ways to succeed, and learn to build wealth on their terms. Whether it's the first time homeowner, a gig worker, or someone turning a side hustle into a six figure business, we're bringing you their stories.
Travis Holloway
And we're not stopping at success stories. We're breaking down the realities, like what it means to take risk, how to navigate failure, and why resilience matters. Because wealth isn't about money. It's about creating a life where you can thrive and help others to do the same.
Rodney Williams
So if you're ready for a podcast as much as about people as it is about money, you're in the right place.
Travis Holloway
Listen to the Wealth Break podcast on the iHeartRadio app.
Jake Novak
It has a lot of of beaches. We could just do live camera shots of all the beaches of Florida every day and it would take us years to finish. But this is live here at Hillsboro, Hillsboro beach in Florida a couple days before Thanksgiving. Welcome back to American Sunrise early Edition. I'm Jake Novak. Special welcome to those of you who are watching us live and commenting on Getter on Rumble X substack, some of you are sending me messages via carrier pigeon. It's kind of messy though. Please don't do that anymore. Just kidding. Anyway, listen, Senator and retired Naval officer astronaut Mark Kelly. He is now at the center of this pushback and I think rifle pushback on that ridiculous video that Democrats put out last week telling troops to basically question all their orders, disobey orders if they're illegal. They didn't say any one of the orders specifically that they were talking about. And then when they, one of them was asked about it, at least Slotkin on the television news programs over the weekend, she said, President Trump hasn't issued any legal orders that I know of. So why make the video? Well, the problem is all those other people are kind of out of the service. Mark Kelly is still officially someone who could be recalled to duty. And now that is a possibility. Emily Finn. They could recall him to duty officially and put him up for a court martial. They've court martialed people for a lot less than putting out that video. I think this would be a great lesson to some of the Democrats and, and the people who hate Trump. You want to hate Trump, you want to push against him, that's fine. But for the last nine, 10 years, they've gone too far. They've, they've done more than flip the chessboard, Emily. They've set it on fire and they've destroyed so much of their country to spite him, our country, despite him. And we have to draw the line with the military. They try to destroy the military, we have to stop them.
TJ Maxx Advertiser
Yes, you do have to draw the line there, Jake. And I will say, I think Senator Mark Kelly just got wrapped in to this video with all these other Democrats. I always bring up Sinclair Broadcasting Group because it's such a play in the Democrat playbook to just get everyone together to read the same script. Except for that one congresswoman. She didn't make it to the video shoot day. Obviously, it's very obvious that her video is different. But Senator Mark Kelly, if you had a chance to read his response on X to all of this, the one thing I will say, he said that Hegseth. Hegseth's tweet was the first that he heard of this. Now, I will say he's a veteran, okay? A NASA astronaut. He has done amazing things for this country. So for Pete's sake, you could have at least sent him an email, you know, out of respect beforehand. But yes, there does need to be consequences for this for all of the Democrats that participated in this video. It's unacceptable, Jake.
Jake Novak
Yeah. And again, I want to know who wrote the script for that video. You talked about the script. I want to know who wrote it when I Find out who wrote it. We're going to. I want to know who that person was connected to. I want to know who paid for it. You know, they had camera equipment, things like that. I want to know who put the captions up. Not that it cost millions or billions of dollars to do that, but maybe it did. Maybe the production costs weren't high, but maybe the cost of maybe getting these people to participate in it, maybe they promised them some campaign donations if they showed up in front of the camera and did this. And I wouldn't be surprised that if they follow all the money down to the last penny, a lot of it will be coming from not only foreign countries, but from some of our enemies. And this is just standard, standard procedure. Undermine the military might of the United States. This is what they tried to do during the Vietnam War. This is going back to another country. This is what the Bolsheviks and Russia did during World War I. There were communist infiltrators in the Russian army during World War I trying to get the troops to, to surrender and go back home. It worked, by the way. Well, this is no joke.
TJ Maxx Advertiser
This is no joke. And if Alyssa Slotkin was the one that wrote this script, she obviously knew that she was lying because like you said, she went on the programs and said, I don't know of any illegal orders. Like, come on, you guys, there has to be some consequences for this.
Jake Novak
Yeah. And again, once again, acting like. And I use Looney Tunes as a reference very often in my news research. But just like the Looney Tunes cartoons where someone drops an anvil on somebody's head, they go to punch them in retaliation and the person throws on a pair of glasses. Oh, you wouldn't hurt a guy with glasses, would you? Nice try, Elise Slotkin. Nice sly, Mark Kelly. Nice try, Mark. Ellie, you knew what you were doing and we're on to you. Anyway, Emily, thank you so much for joining us. Two days to Thanksgiving, we're going to see you in the 8 to 10am hours. Thanks for joining me.
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Very thankful for you, Jake, on this Thanksgiving week. Thank you so much.
Jake Novak
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American Sunrise Announcer
Do you feel like your values are being challenged right now? It seems like our beliefs are constantly under fire. That's why it's important to partner with organizations that share your beliefs. America's Christian Credit Union is committed to standing firm in our faith, serving the community and bringing you the best financial services. Now, with their elite checking program, you can take your banking to a whole new level. With up to 4% APY on checking balances under $15,000, early pay, exclusive loan discounts, built in cell phone protection, ID theft monitoring, everyday shopping discounts and more. ACCU works alongside Christians nationwide to advance God's work because your money should reflect your mission. Are you ready to bank with purpose? Visit americaschristiancu.com elite to learn more and make the switch. Early pay depends on when your employer sends your paycheck. We can't guarantee early direct deposit. APY equals annual percentage yield. America's Christian Credit Union is federally insured by the ncua.
Rodney Williams
I'm Rodney Williams.
Travis Holloway
And I'm Travis Holloway. Welcome to the Wealth Break.
Rodney Williams
Let's be honest. Building wealth doesn't look the same for everyone. It's not just about saving. It's about investing. It's about navigating systems that weren't built for you, embracing your hustle, and relying on your community to create something bigger.
Travis Holloway
And that's exactly why we created the Wealth Break. We made something different, something more human. It's not just another financial podcast. It's a conversation about real life, real struggles and real wins.
Rodney Williams
We're here to talk about the journey. You'll hear from people who've broken barriers, found creative ways to succeed, and learn to build wealth on their terms. Whether it's the first time homeowner, a gig worker, or someone turning a side hustle into a six figure business, we're bringing you their stories.
Travis Holloway
And we're not stopping at success stories. We're breaking down the realities, like what it means to take risk, how to navigate failure, and why resilience matters. Because wealth isn't about money. It's about creating a life where you can thrive and help others to do the same.
Rodney Williams
So if you're ready for a podcast as much as about people as it is about money, you're in the right place.
Travis Holloway
Listen to the Wealth Brave podcast on the iHeartRadio app.
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Jake Novak
Welcome back to American Sunrise early edition. That is the western corner of Macy's, the huge department store in New York City. The eastern corner, the front of the store around the out of the shot is where the big Macy's Thanksgiving Day parade ends. This is the 34th and 7th Avenue corner. And right out of the shot to the left out of the shot is Madison Square Garden. So obviously a very big and important part of New York City right there as they get ready for the big parade. I'm sure a lot of you will be watching it on tv. Hey, let's take a look at where the markets will begin today and this market board, the main message you're getting from this market board is we want to go home for Thanksgiving. That is a very non committal stock futures board right there. Basically flat, flat, flat on the three major indices. Gold's up just a little bit. And look at that though. The overall number on it, $4,132 an ounce crude oil down pretty much flat. But you see that nice low $58 a barrel handle. Now let's take a look at bitcoin as it's been struggling. We talked for a second about bitcoin in the first segment. Now it's up now to 87,005. It was all the way down almost at 80 just a little bit ago. So it's down right now from the, from where it was overnight, but it's still better than it was. And listen now at this price, every couple thousand dollars is 5, 6%. So you know you're getting there. Well, a little bit more than that. But as you can see, bitcoin well below that 125 all time high. Just a reminder by the way as I was talking about crude oil again, I want everyone to remember something again. You know, one of my big themes on this program is skin in the game. And the price of crude oil is a really great way. If you look at that price every day and I show it to you every day is a really great way to find out whether we're having any progress in these talks to end the Russia Ukraine war. Now, couple of days going into today, we saw oil prices going lower because the traders were actually very optimistic about a potential piece. They're sort of taking a pause right now. Yesterday actually oil prices late yesterday gained a bit again, nowhere near $60 a barrel just yet. We're at 58. The high 58, almost $59. But that's my way of telling you, and that's the oil traders way of telling you that they're a little bit less sure now or less confident now of a peace deal happening, but they're not. If they really didn't think it was going to happen, we'd see oil above that $60 a barrel level and probably maybe even close to 65. So that isn't happening yet again. You can listen to Marco Rubio or you can listen to some of the mainstream media folks or you can watch the oil traders. And those are the people I would trust the most out of all that group. Not that they're necessarily lying about it, but the oil traders have skin in the game. And if they're bidding oil down, that means we're closer to piece of their bidding it up. We're probably not. And that's a great way for everyone to really get to the bottom of that story. Now, AI stock investing and the investment in AI stocks may be a little overhyped, and I get that. But when you hear stories like the one I'm about to tell you, you have to say this is not a bubble. It might be a little overhyped, but not a bubble. Amazon. This is the story. Amazon says it's going to be building and launching the first ever AI and high performance computing facilities for the US government. The cost just for this first phase, $50 billion. That's just one company and one client. Of course it is a huge client, the US government. But it's just the beginning. If that's what the cost is going to be for just this project, then I don't really think you can say AI is a bubble again, maybe a little bit overinvested, but not a complete bubble or a farce. All right, now for an update on the work to end the Obamacare stalemate. That was, of course, a big reason for the government shutdown that Chuck Schumer initiated. Now President Trump and the administration were floating an idea of letting the Obamacare subsidies continue for another two years. The trade off would be, first of all, lowering the ceiling on who is eligible for Obamacare subsidies, Obamacare plans. In other words, they would cut off a number of people who are currently getting those subsidies. Also, they would crack down on fraud more. But, but, but this is all on hold right now because congressmen and senators from the Republican Party in Congress felt that the Trump administration made this decision without consulting them, without working with them. It's their butts on the line in the midterm elections coming up next year. So they want more time to consult on this. So that's all on hold for now. But that's the plan that the Trump administration is still trying to float. We'll see if they alter it any after the Republican members of Congress get a look at it. All right, ladies and gentlemen, start your engines. This is Moving America. Sponsored by Artillery Tea Co. Artilleryteaco.com use promo code RAV for 10% off your order. Artillery Tea is all natural whole leaf. The tea bags are chemical free and each tea bag can be used twice. Artillery T company is family and veteran owned and operated and a portion of your port purchase goes to help veteran and first responder charities. Artilleryteeco.com promo code RAV for 10% off your order. Now last week I told you that the new souped up 2026 Honda Prelude was selling in Europe for more than some basic BMW models and I was wondering if people in Europe were going to go for that. At that point we didn't know what the prices were going to be here in the United States. Well, now we know. Get ready for this because while the MSRP from Honda is about $51,000 for the Honda Prelude, the dealers in the US are adding a number of add ons and they're all asking for about 60 grand minimum. Now I like this car and I like Honda, but 60k for a Honda Prelude? I don't know how this is going to go over if this is a successful selling car this year above whatever targets they have internally I will be surprised but I'll give them all the credit in the world. Again, a cool car. Honda makes reliable cars but 60 grand for a Honda Prelude I think is going to be again, sticker shock isn't a good enough word. It's more like sticker electric chair or that scene in Back to the Future with all the gigawatts. I mean, that is really a shock. Okay, now for some more sticker shock. And this is a story coming out of Canada, but believe me, this is also the trend here in the United States. But wait till you hear these numbers. The average annual insurance cost for car insurance for a man between the ages of 18 and 25 in Toronto, Canada, is $13,000 a year. I mean, that's more than the person is probably paying for the car and payments for a year. Now, there's one word for this, folks. Unsustainable. Now, a lot of this has to do with the fact that there's new technology in cars, and even if you get a little fender bender, it's a lot more expensive and difficult to fix it. But my goodness, $13,000 a year on average to pay your car insurance in Canada if you're a young male. Now, it's only 9,000 if you're a woman. Maybe this is why people are becoming transgender. I don't know. It might be worth it for four grand a year. But this is coming to the United States also. I promise you, our rates are going up in this country. It has a lot to do with that tech. It has a lot to do also with people getting licenses from states like California and New York who are not legal aliens. And it's much harder to collect from them in accidents. There's a lot of reasons for it, but that is not a sustainable price, period. And you don't have to be a Republican, a Democrat, conservative, or Liberal to agree with me on that one. You just have to have some synapses firing. Now, speaking of insurance, welcome to the true equality world, ladies. When it comes to accidents and the expense connected to them, do you know that they've never actually had, until now, crash test dummies that were constructed like women, but now they do. Now, why is this important? Well, if you're a personal injury lawyer and a woman has a particular injury, maybe to some of her female reproductive organs or things like that, you can sue for a lot more and say, well, you know, when they did those crash tests, they didn't account for this. Boy, that would be my argument if I were a personal injury lawyer. Hello, Jeleno and Barnes. But it's not a bad idea. So now the National Highway Safety, Transportation and Safety Administration has female crash dummies. Equality. This is what you've been marching for everybody. But no, in all seriousness, this makes sense from a financial point of view. Okay, I have A hot tip that I could give any day, but why would I not give it on the week where most people are driving in the United States? So I just learned this and I saw this from a bunch of mechanics. So I want to pass this on. Do not top off your tank when you're filling up your gas tank. It's not necessarily a safety issue like some people think. No, it's about actually damaging your car. You can really damage your fuel pumps and some of the gauges and some of the sensors and it costs a fortune. A lot of mechanics telling me that they make a lot of money fixing this problem. Sometimes the cars are actually totaled by this. So do not top off. You know, when that gas pump shuts off, just call it a day, take the nozzle out and put it back into the, in the machine. It's really worth it. This is could cause a lot of damage to your car and you're probably not saving more than a few pennies anyway by putting just a little bit more into the tank. So that's my tip for you, especially if you're getting out on the roads today or tomorrow for Thanksgiving. Okay, Coming up, President Trump is taking the first step towards designating the Muslim Brotherhood and its many affiliated groups as terrorist organizations. I'll look at why that's significant, but first we're going to talk about this because so many other media outlets aren't. It's got nothing to do with partisanship, it's got to do with advertising. I say Chauncey Phillips is just the tip of the iceberg in a pro sports betting nightmare that could really undermine more than just the NBA in America. I'll talk to a former federal prosecutor about that when American Sunrise early edition comes right back.
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American Sunrise Announcer
Do you feel like your values are being challenged right now? It seems like our beliefs are constantly under fire. That's why it's important to partner with organizations that share your beliefs. America's Christian Credit Union is committed to standing firm in our faith, serving the community, and bringing you the best financial services. Now, with their elite checking program, you can take your banking to a whole new level. With up to 4% APY on checking balances under $15,000, early pay, exclusive loan discounts, built in cell phone protection, ID theft monitoring, everyday shopping discounts, and more. Accu works alongside Christians nationwide to advance God's work because your money should reflect your mission. Are you ready to bank with purpose? Visit americaschristiancu.com elite to learn more and make the switch. Early pay depends on when your employer sends your paycheck. We can't guarantee early direct deposit APY equals annual percentage yield. America's Christian Credit Union is federally insured by the ncua.
Rodney Williams
I'm Rodney Williams.
Travis Holloway
And I'm Travis Holloway. Welcome to the Wealth Break.
Rodney Williams
Let's be honest, building wealth doesn't look the same for everyone. It's not just about saving. It's about investing. It's about navigating systems that weren't built for you, embracing your hustle, and relying on your community to create something bigger.
Travis Holloway
That's exactly why we created the wealthbreak. We made something different, something more human. It's not just another financial podcast. It's a conversation about real life, real struggles, and real wins.
Rodney Williams
We're here to talk about the journey. You're hearing from people who've broken barriers, found creative ways to succeed, and learn to build wealth on their terms. Whether it's the first time homeowner, a gig worker, or someone turning a side hustle into a six figure business, we're bringing you their stories.
Travis Holloway
And we're not stopping at success stories. We're breaking down the realities, like what it means to take risk, how to navigate failure, and why resilience matters. Because wealth isn't about money. It's about creating a life where you can thrive and help others to do the same.
Rodney Williams
So if you're ready for a podcast as much about people as it is about money, you're in the right place.
Travis Holloway
Listen to the Welt Break podcast on the iHeartRadio app.
Commercial Announcer
When it comes to your overall health, prevention is everything. You wear sunscreen, work out, eat healthy. But what about your oral health? Are you taking the necessary steps to stay ahead of problems in your mouth? Now you can with the Colgate Total Active Prevention System. It's a three product routine designed to help prevent oral health problems like gingivitis and cavities before they even start. It includes a reformulated toothpaste, an innovative toothbrush, and a refreshing antibacterial mouthwash that all support a healthy mouth. Most people don't realize the connection between a healthy mouth and their overall health. For example, nearly 50% of the world suffers from oral diseases such as cavities and gingivitis and this can increase the risk of other health conditions. However, the Colgate Total Active Prevention System is extremely effective at fighting the root cause of these oral health issues. In fact, the three products were designed to work together to be 15 times more effective at reducing bacteria buildup in six weeks starting from week one compared to a non antibacterial fluoride toothpaste and flat trim toothbrush. Take control of your oral health and get the Colgate Total Active Prevention System today so you can be dentist ready. Shop now by visiting shop.colgate.com total.
Jake Novak
It's Tuesday, November 25th. Here are this morning's top stories thrown out the federal judge tosses the indictments against James Comey and Letitia James because US Attorney Lindsay Halligan's appointment wasn't done properly. The charges can be refiled, but there is no denying this is a setback for the Justice Department. Another case is just getting started. It's the beginning. The Department of War starts the process of possibly court martialing Senator Mark Kelly for participating in that video urging active duty troops to question orders. We'll see how far this goes. There's more optimism now coming out of the peace negotiations trying to end the Russia Ukraine war. Here's the latest sign that progress is probably being made. Made. China's President Xi called President Trump in a special call about it yesterday. You know why he's calling? President Xi doesn't want that war to end, he's probably panicking. NBA hall of Famer and suspended Trailblazers head coach Chauncey Billups pleads not guilty to being involved in a mob controlled poker game scam. The NBA betting scandals aren't going away. Oh, and by the way, Billups not guilty plea was sponsored by bet365 and draftkings. I'm just kidding. American Sunrise Early EDITION continues now. Yeah, I'm taking a little shot at all the organizations. It's not even just the sports programming. Everything seems to be sponsored by gambling and betting sites. And that's why it's so important for me to dig more into this story that we're going to do right now because I really believe partisanship. This is not even a partisan thing. No one is covering. I believe these betting scandals and these gambling scandals in pro sports enough sufficiently and I think I know why. Joining us right now is former federal prosecutor Mitch Eppner. Mitch, before I get into the big picture of this because you know, I want to talk about that. I want to talk specifically just first about the news here, and that is Chauncey Billups pleading not guilty along with just about everyone else who was wrapped up in this first part of that indictment announced last month by the Justice Department against a number of people. And in the case of Chauncey Billups, he's accused of participating in mob controlled high stakes poker games, but not just high stakes poker games. High stakes poker games that were rigged where they were using infrared cameras and other stuff like that. What's your take on his chances here, how the case looks to you from your position?
Mitch Eppner
I think that the government has a very, very difficult case to make. Chauncey Billups has retained Mark Mukasey, who I've known for decades, who is one of the best criminal defense lawyers in New York, maybe in the country. The problem for the government is that it is not illegal to participate in a high stakes poker game. There are only two things that could make what Chauncey Billups did illegal. Number one, if he knew that the games were rigged or number two, if he knew that the game was taking a rake, meaning taking money off of the table for each hand. Your local neighborhood poker game, whether it's penny ante or $10,000 ante, is not illegal. And Chauncey Billups and lots of other celebrities being used to draw people into a high stakes poker game is not illegal unless they can prove that they knew that it was rigged.
Jake Novak
Okay. So beyond what the government can prove and whether or not he ends up getting convicted. Of course, the NBA has its own issues to deal with. Now he's been suspended as the head coach of the Trailblazers. I don't think he's going to come back. And of course the NBA is this, this incident was part of one party. Now, this happened on the same day. So a lot of people conflated it and thought that Chauncey Billis was. Was involved in shaving points or shaving or doing something with the games involved because of the betting sites. And what I wanted to talk to you about is something that I think is really important for people to understand. Look, I'm not a prude. People are going to bet. I don't have a problem with that necessarily. But when you talk about these gambling sites, as opposed to the behind the Barbershop in the old days in Brooklyn, you're talking about making the markets. In other words, sure, people were scamming in the past, but there wasn't that much money to be made. So compared to your MBA salary, it really didn't make any sense to do this. Although I do know it's an addiction and not necessarily about money, but when you have nationally and internationally sourced betting sites where big money can be made with very little ventured, by the way, because the markets have been made a huge, huge meeting of buyers and sellers, then you got a real problem. And the NBA, I think, has a gambling problem. How about you?
Mitch Eppner
So the NBA certainly has a gambling issue because they are sponsored by many of these betting sites. In the old days, the rule was very, very simple. In baseball and basketball and football, you couldn't have anything to do with gambling. They can't say that anymore. The problem is that these are inefficient markets, meaning that there is inside information that's out there. The worst of it is somebody like John Tate Porter, who literally bet again or had people bet against his prop bets, how many points he was going to score in a game, how many minutes he was going to play, how many rebounds he was going to get, and then took himself out of games feigning injury. And that is clearly illegal the next. But another issue up is you have teams that are tanking at the end of the season in basketball in order to try to get a better draft pick. And knowing ahead of time that a team is not going to play a particular player is inside information that would move the line. And although he wasn't indicted for it, one of the allegations against Chauncey Billups, who is called the coach in a really bad attempt to hide his name is that he let people know ahead of time that he was sitting all of his starters for the Portland Trailblazers in a game near the end of the season a few years ago where they were trying to tank to get a higher draft pick. Part of the gambling allegations are that Damon Jones let people know that his friend LeBron James wasn't going to be playing a game in Milwaukee because that would move the line. And the NBA puts out these injury reports day of game a couple of times in order to try to get the information out there so that there aren't these inefficient markets. But the market moves much faster than the NBA information does.
Jake Novak
Yeah, I mean, the technology makes it so much easier. And you know, you talked about that, that inside information. There's so many people who could be privy to it and good luck finding all their friends and relatives. You could be an assistant trainer, a part time person who just tapes up ankles and you literally whisper in the ear of your third cousin's best friend to put a bunch of bets on a game for you. And I mean, how are you going to find that? It's, it's. I think it's just really problematic. I know that. And by the way, the betting sites and the sports folks know this very well. Which is why, for example, if you try to bet on a college game, there is no prop betting on the college football game. Because the argument being, well, these players, I know they get some nil deals, but most of them don't get a huge nil deal. So it'd be much more lucrative for them or much more tempting for them to tank their performance. So when you go bet on a college game, you can bet on the team, you can bet on the points scored and things like that, but you can't bet on under over passing yards for Archie Manning. You can't. Although he's got plenty of nil money. But you get my point. I'm just using a name. People know you can't do that kind of stuff. And to me, that is a little bit of a smoking gun. If you're not allowing it for the college players, then how do you justify allowing it for the pro players? Again, because it isn't always about money. It could be just about the thrill of the betting.
Mitch Eppner
So Jake, what you've seen in baseball in the wake of the indictments there on prop bets where pitchers are accused of purposefully throwing a ball for the first pitch in a particular inning, because there would be prop bets on whether that Pitch would be a ball or a strike. Is that the league, the mlb, in conjunction with major sites have moved the limits on those prop bets all the way down to $100. The idea being they're going to take the profit motive out of it. For any insiders, the danger for these leagues is that if fans believe that sports have become like pro wrestling where it's scripted, which happened, for example, to the Taiwan Baseball League a few decades ago, people, most people lose all interest. And I will give an anecdote. This past weekend there was a very strange situation. The Cleveland Browns were winning. That was strange enough. And they were winning by 14 points. With a minute left in the game. They were on the Raiders 29 yard line. It was fourth down and the coach punted, which was bizarre. And the line for the under over was 36. So if they kicked a field goal, the over would have hit. And I saw a lot of people, not joking, saying that they thought that the coach was doing something so bizarre he should be investigated for whether or not he had bets on the under.
Jake Novak
Yeah, I mean, this is exactly what you're talking about, the loss of interest. By the way, I say the same thing about the lottery. And we have a scam going on now in the state of Texas which is being investigated. All the talk about the morality of betting and lotteries is never gonna get you anywhere. But if you tell the folks out there that the game may be rigged, that's gonna stop interest. And you know, listen, I have a personal stake in this. I had a grandfather who was a huge sports fan, had season tickets before they even called it season tickets. But he was a huge sports gambler and it absolutely turned my dad, his son, off to sports. And I never really had that to, you know, my dad doesn't really get into sports and it's kind of a bummer. But who can blame him? It skipped a generation because of that. I mean, I'm, you know, I'm just trying to say, listen, it's kind of like an American apple pie thing if you corrupt sports in this way. Here's my prediction and I wonder if you agree with me. This wild west with all these prop bets and exotic bets and multiple sites is going to be over pretty soon. I think five, ten years from now, you're not going to be able to bet like you can now. I think that that's going to be heavily restricted. That's my prediction.
Mitch Eppner
So. So I think that the leagues are likely to want that. On the other hand, I speak to a lot of people in gaming. And the margins for the, for the betting sites on prop bets dwarf the 5.5% net margin that they have on straight bets of of think things like who's going to win on Moneyline bets or point spreads. The prop bets are a huge, especially the in game prop bets are huge money makers. So the gambling sites are going to be loath to give that up.
Jake Novak
Yeah, I can tell you that's what's the Wall Street Journal had an interesting report about just that, about how these exotic prop bets are what's doing it for those betting sites as far as profit is concerned. But meanwhile you had Flutter Entertainment just announcing that they didn't have a good quarter because people were winning too much. And I really, I don't think that's true. But you know, listen, you can say whatever you want in an earnings report as long as you don't put it on the paper. You can say what you want about an earnings report as long as you don't sign it. That's the Sarbanes Oxley stuff. All right. Mitch Eppner, thank you so much for joining us. Let's hope we have clean games this weekend. A lot of sports this weekend. Enjoy your Thanksgiving holiday. Thanks, Mitch.
Mitch Eppner
Happy Thanksgiving.
Jake Novak
Hey, did you catch President Trump calling out those big banks that shut down Americans just for their beliefs? It's time to stop rewarding them. Move your money to Old Glory Bank. Old Glory bank serves customers in all 50 states with top tier online banking for both consumers and businesses. Everything the big woke banks offer you, you'll find better at Old Glory Bank. They're proudly pro Freedom, they're pro Second Amendment and pro crypto. Visit oldglorybank.com rav today and join the right side of banking. Coming up, President Trump makes a move on the source of so much Islamist terrorism and propaganda all over the world. The Muslim Brotherhood. Who are they? David Brody and I will discuss when American Sunrise early edition comes right back.
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American Sunrise Announcer
Do you feel like your values are being challenged right now? It seems like our beliefs are constantly under fire. That's why it's important to partner with organizations that share your beliefs. America's Christian Credit Union is committed to standing firm in our faith, serving the community and bringing you the best financial services. Now with their Elite checking program, you can take your banking to a whole new level. With up to 4% APY on checking balances under $15,000, early pay, exclusive loan discounts, built in cell phone protection, ID theft monitoring, everyday shopping discounts and more. ACCU works alongside Christians nationwide to advance God's work because your money should reflect your mission. Are you ready to bank with purpose? Visit americaschristiancu.com elite to learn more and make the switch. Early pay depends on when you're employer sends your paycheck. We can't guarantee early direct deposit. APY equals annual percentage yield. America's Christian Credit Union is federally insured by the ncua.
Rodney Williams
I'm Rodney Williams.
Travis Holloway
And I'm Travis Holloway. Welcome to the Wealth Break.
Rodney Williams
Let's be honest, building wealth doesn't look the same for everyone. It's not just about saving. It's about investing. It's about navigating systems that weren't built for you, embracing your hustle and relying on your community to create something bigger.
Travis Holloway
And that's exactly why we created the Wealth Break. We made something different, something more human. It's not just another financial podcast. It's a conversation about real life, real struggles and real wins.
Rodney Williams
We're here to talk about the journey. You're hearing from people who've broken barriers found creative ways to succeed and learn to build wealth on their terms. Whether it's the first time homeowner, a gig worker, or someone turning a side hustle into a six figure business, we're bringing you their stories.
Travis Holloway
And we're not stopping at success stories. We're breaking down the realities like what it means to take risk, how to navigate failure, and why resilience matters. Because wealth isn't about money. It's about creating a life where you can thrive and help others to do the same.
Rodney Williams
So if you're ready for a podcast as much as about people as it is about money, you're in the right place.
Travis Holloway
Listen to the Wealth Break podcast on the iHeartRadio app.
Commercial Announcer
When it comes to your overall health, prevention is everything. You wear sunscreen, work out, eat healthy. But what about your oral health? Are you taking the necessary steps to stay ahead of problems in your mouth? Now you can with the Colgate Total Active Prevention System. It's a three product routine designed to help prevent oral health problems like gingivitis and cavities before they even start. It includes a reformulated toothpaste, an innovative toothbrush, and a refreshing antibacterial mouthwash that all support a healthy mouth. Most people don't realize the connection between a healthy mouth and their overall health. For example, nearly 50% of the world suffers from oral diseases such as cavities and gingivitis and this can increase the risk of other health conditions. However, the Colgate Total Active Prevention System is extremely effective at fighting the root cause of these oral health issues. In fact, the three products were designed to work together to be 15 times more effective at reducing bacteria buildup in six weeks starting from week one. Compared to a non antibacterial fluoride toothpaste and flat trim toothbrush. Take control of your oral health and get the Colgate Total Active Prevention System today so you can be dentist ready. Shop now by visiting shop.colgate.com total.
Jake Novak
That's a live look at Manhattan right there. But I want to go about 30 miles east of this shot to a town called Bethpage in Nassau County, Long Island. We have a special visitor. This is totally unexpected, but David Zier, the host of Breaking Point here on Real America's Voice. He is live at a diner in Bethpage, Long island, the Embassy Diner. By the way, very good pancakes. I. I have to give them that plug. I'm sorry, David, I know you're out there, so it looks like you've got some clientele there. What are people talking about? Two Days before Thanksgiving in a real American diner in a real slice of Americana right there.
David Zier
Yeah, we're just outside of New York City, Jake, and happy Thanksgiving to you and your family here. And we're at the Bethpage Embassy Diner, an historic landmark here in Nassau county, home to a lot of people who commute to New York City. Nypd, fdny, firefighters, financial services people. We're going to be talking to them on this holiday weekend how, you know, they see things going forward here for New York City commuters, their lives here on Long Island. How do we keep our young kids here and especially, what are they thankful for on this Thanksgiving with their families?
Jake Novak
Well, one of the things I'm thankful for is the fact that it's still there. You know, there used to be a diner, it felt like on every corner on Long island and in New Jersey. For those of you who don't know the diner culture.
David Zier
Yeah.
Jake Novak
Very, very big part of our lives, they're going away. So many diners are disappearing. I mean, I'd love for you to talk, maybe. Have you had a chance to talk to the owners about that, why that is happening and why they're holding out? Sure.
David Zier
We're going to get into that later. Gus, the owner here at this diner, you know, the diners are hurting because the insurance costs, the general liability cost, the food costs, the labor shortage, the high property taxes, the high utility bills here. The Greek diners on Long island are intergenerational and it's a dying art. They can't get their kids to take over their business. Their costs are exorbitant. You know, and it's not like the in and out they used to be. 24 hours after you go to the clubs here in Nassau county or the bridge and tunnel crowd in New York City, as you know. You know, would always come to the late night diner and get your disco fries, your french fries with the gravy and mozzarella on them or gyro at three in the morning, it didn't matter. But those times are changing for these business owners and we're going to talk about how small business on Long island are dealing with and coping with it and going forward and how are they going to get through it. But at the same time, this place is extraordinary. These guys decorate for every holiday along with their family from the Okany Diner in Suffolk County. It's just an extraordinary display of, of a holiday cheer of great people, hardworking middle class Americans.
Jake Novak
Yeah. And you know, Baltimore isn't the place where the diners are even though, that's where they did the movie Diner. It's Long island and maybe New Jersey. All right. David Zier, thanks for joining us. We'll talk about the Muslim Brotherhood tomorrow. They can wait. Thanks for joining me here on American Sunrise, EARLY edition. American Sunrise, the big show comes up now. I'll join you at around 9:25 to talk money. And again, I'll see you here on EARLY EDITION tomorrow right at seven. Thanks for joining.
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Date: November 25, 2025
Host: Jake Novak
Special Guests: Mike Ring (Old Glory Bank CEO), Mitch Eppner (former federal prosecutor), Emily Finn, David Zier
This episode of American Sunrise Early Edition dives into a wide spectrum of current events and cultural debates through the lens of “faith, freedom, and the values that built this nation.” The Thanksgiving holiday, recent political and legal developments, US economic trends, sports betting scandals, and a slice of community life all take center stage. Host Jake Novak steers candid, rapid-fire conversations aimed at “challenging mainstream narratives” and offering “honest views.”
(05:14-06:52; 13:13-15:38)
(06:52-13:13)
(08:45-13:13)
(03:10, 47:24)
(03:10, 21:34-25:49)
(03:10, 47:24, 49:50-59:30)
(66:01-68:47)
(32:31-32:37)
“It is the most capitalist holiday there ever is… The Pilgrims were basically communists and they almost starved to death. It wasn’t until they gave every pilgrim family a parcel of their own land… that they did well and celebrated that surplus with the first Thanksgiving.”
— Jake Novak (14:14)
“You cannot have a free society without capitalism. If the government controls your property… you are actually not free.”
— Mike Ring (14:36)
“There’s nothing worse when you have these anchor people, I call them hostesses and hosts, and they have a piece of paper that somebody gave him. Banana prices are up. She doesn’t know what banana prices are. Why can’t they get people to just have a conversation?”
— Jake Novak (12:27)
“If fans believe that sports have become like pro wrestling where it’s scripted… most people lose all interest.”
— Mitch Eppner (54:14)
“This would be a great lesson… for the last ten years, [Democrats have] done more than flip the chessboard, Emily. They’ve set it on fire and destroyed so much of their country to spite him, our country, despite him.”
— Jake Novak (22:54)
“Diners are hurting because of the insurance costs, the general liability cost, the food costs, the labor shortage, the high property taxes, the high utility bills… it’s a dying art.”
— David Zier (67:35)
This episode uses the Thanksgiving holiday as a lens to discuss self-reliance, capitalism, and American freedom, tying those themes into ongoing debates about the US economy, legal battles over Trump-era officials, and cultural confidence in institutions from sports to small business. With a mix of economic statistics, policy analysis, cultural commentary, live local reporting, and media criticism, the show aims to encourage skepticism of official narratives while celebrating American traditions and values.