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This is an iHeart podcast. Ahead on American Sunrise Early Edition. There can be no doubt who the leader of the world, not just the free world, is. A day after President Trump sealed the end of the Hamas war on Israel and the return of the hostages, what does he do for an encore? Well, I'll tell you, for that encore, President Trump went to Egypt to remind the assembled Arab and European leaders that they have no power here anymore, although nations like Turkey and Qatar will indeed try to fill the vacuum left by Iran. In Gaza, right now, Hamas is killing its own people with impunity. Speaking of vacuums, the vacuum that's pretending to be a power structure in the Democratic Party is trying to convince the country that the man who just forged a peace deal in the Middle east is somehow unable to do so to get the government back open in Washington. Good luck with that one, Chuck. And Hakeem In Virginia, a new set of polls shows it's a toss up in the races for governor and lieutenant governor. But don't expect the political establishment to accept the truth just yet. But in New York, Zoran Mamdani is so confident of victory, he's now openly urging people to give money to the same UN organization whose members actively participated in the October 7th massacres. We can't say he didn't warn us. We know what he's all about. American SUNRISE EARLY EDITION begins now. Welcome to AMERICAN SUNRISE EARLY edition, the show where faith, freedom and the values that built this nation take center stage. Your good deeds and bad deeds, that's how we're going to judge you.
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Join host Jake Novak as he breaks down the stories that matter.
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We will be letting the public know regularly what we have found. American SUNRISE EARLY EDITION with your host.
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Jake Novak starts now.
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Welcome to this Tuesday here in American SUNRISE EARLY edition. I feel like I'm saying hello for the first time this week because of course, for a very good reason. Yesterday on this program, we took President Trump live, speaking at the Knesset and really just talking about the peace deal. But more importantly, it's really not a peace deal. It's just an end of the fighting, return of the hostages and a realization by the world that this war is now over. And people need to sort of start playing by the rules and stop doing silly things like recognizing non existent Palestinian states. It's a new world this morning and we can start looking at the some of our problems here at home, some of our challenges here at home, some of the triumphs as well. And helping us to do that right now is independent investigative journalist Walter Kurt, he's the guy behind the WC Dispatch on Substack. You should check it out. Walter, first off, though, I want you to give me some of your impressions. Listen, you work on a lot of domestic stories here in the United States, and you always get to the nitty gritty of them. It gives you an understanding of human nature and power in the world, even though it may be mostly focused on domestic stuff. So I do want to get your impressions on the new world we're waking up to this morning. If the war in Gaza hadn't become such an issue here in this country, if you had told me a couple of years ago that this would be such a huge issue in our 2024 election, that it would be on every campus in the country, but more than just the campuses, on the streets, on the news all the time, I would have said, I don't know. That's a foreign policy issue. I don't know if people care that much about it. Unfortunately, it did. And most of it was negative. Most of it was nonsense. Most of it was lies. It's over now. And I think universally people accept that Trump has ended this, at least from for now. So, I mean, how do you see this as something that plays forward politically in this country and culturally?
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Well, you know, the Marxist on the campuses will just pick something else to be upset about. That's just how it works. I mean, there's a great quote from a guy that has a commentator that has on this that says, the issue is never the issue. The issue is revolution. And that's all I care about. So eventually, the Marxists will just pick something else that they're gonna be upset about, and they'll go after that instead. But in terms of what Trump has accomplished here, no one can deny, even though the Democrats are desperately attempting to. I mean, there was posts all day yesterday talking about how, oh, my goodness, this is fantastic, but they refuse to mention his name. Regardless of what they say, this was Trump that did this. This is the only president in our lifetimes that has ever been able to actually get peace in the Middle east for any reason at any time. So just wait until the next phase of this really happens. And what if we start moving forward, the next phase of the Abraham Accords? Trump really does deserve all of the credit here. And if there's a Nobel Prize, obviously he didn't get this one, but whatever the reason was before, it was, if there's somebody that deserves it, there's no one else that deserves it more than him.
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Yeah. And I think that for people who support President Trump or for, I think, the very large number of Americans who just quietly voted for him out of a common sense compulsion, I saw a lot of people like that. Some of them were celebrities, so of course they got a little bit more of attention. Saying things like, this is why I voted for this guy. You know, something like this could never have happened under another president. All the attacks I took, all the personal and career setbacks I suffered because I supported President Trump. And this is true of, you know, true for me as well. Again, it. And true for a lot of people. A lot of them are saying it was worth it because no one else could have gotten this kind of peace. We are in a new situation now, and people can say all they want about how terrible a guy he was, he is, if they believe that at the end of the day, the real realities on paper and just on the ground make it worth it. Walter, this is the first time I've had you on. You and I have been the early, early callers, sextants, whatever you want to call us, the people who call out, and the night watchmen, whatever you want to say about the Virginia election. And this is the first time I've had you on since that incredible debate late last week. Let's once again watch what everyone, not just me, is calling the essential moment in that debate when winsome Earl Sears, the Republican nominee, confronted Abigail Spanberger about her lack of the fact that she hasn't called for this incredible AG candidate, Jay Jones, and his outrageous death threats against Republicans. Why she hasn't called for him to drop out. Check this out.
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I don't understand why you just can't come forward and say, he needs to go. I mean, we're talking about murder. We're talking about someone's life being taken from them. Have you nothing to say about that? Are you not going to address it?
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Really?
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You can't go any further. You're a governor. You're supposed to stand up for all the people. Are you saying political murder is all right?
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And of course, what a lot of people are focusing on, Walter, is the way that Spamberger just held the podium and looked incredibly robotic the whole time. I mean, I say this all the time to people. Career politicians are not like the rest of us. They're just not. Which is why they spend so much money and time trying to come off like regular guys and gals. The same thing of big time celebrities, by the way. They're not like the rest of us. They're a different breed. This Is really. It was kind of a. It should be a turning point moment in this election, shouldn't it?
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I absolutely think it should be. You know, Spanberger in that debate, she looked terrible one. I mean, let alone just that aspect. Go through all of the other things that she did. She refused to answer any question on every major issue that matters to Virginians. You know, the trans issue, all of these other issues they're going through. She didn't answer them. She didn't answer any of them. You know, she's still doing the same thing she's been doing the whole time where she doesn't answer questions and she. Word salad. Word salad. Word salad. But the facial reaction in the body language is what I pay the most attention to here. There is nobody that could watch that debate and see Spanberger and think that woman is not a sociopath. I mean, that's what she is. Obviously terrifyingly cold towards these issues. This is a very, very cold response. This whole. And by the way, the winsome ad they have now based on this is probably the most devastating ad I have ever seen. It's very, very difficult for me to think of another one that is more devastating than that. And all they have to do is just play the clip that you just played. It's the same thing. They just sit there and roll that through and turn to Spanberger's face and see her face just being silent. Not a single emotional reaction, not a single nothing. Cold, you know, very cold hearted. Very, very terrifying, to be honest with you. I think would be the better way to put it. At one point, she looks like the Joker out of the, you know, out of a Batman movie. She looks like a cartoon villain. And it's amazing to me that people have that she just went forward with that, didn't respond to it at all. I don't know how anybody can come away with that and think that that wasn't an absolute, I don't know, almost career ending in my eyes.
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You know, here's some advice for the Democrats, especially the Democrats in one party state, which Virginia is not, although it's become a blue state, very alarmingly so. But this indemnification that you do with your candidates, especially in places like California, but other states too, where your candidates and your politicians never get really challenged by anyone, certainly not the news media there, and really not by anyone else, creates terrible candidates nationwide. Kamala Harris was probably shocked to find out how horrible a candidate she was because before her very brief presidential campaign, she had never really had to face any real challenges before. She's terrible at it. Abigail Spanberger is trying to continue to be that way. It won't work. Now let's take a look at the polls. Now there was a couple of polls that came out yesterday. We talked about this last night. First you had some polls from, for example, one group, the Trafalgar group, which by the way has been very accurate ever since I started following them in early 2020. They're a very good polling outfit. They are usually pretty accurate. They have this as a complete toss up, just a couple of points difference between Spamberger and winsome Sears. But as soon as that came out, you had these partisan polls coming out from the Democrats showing that Spamberger has a bigger lead. This is really an opportunity. You think that this is an effort to try to discourage any new donors coming at the last minute and helping Sears get across the finish line.
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That's exactly what this is. Look, you've got Trafalgar comes out, shows it was within two points. So it's a complete toss up race. You show the other, the other races, the other candidates in those are doing. You know, you've got Reed within one point. That's also a toss up. You've got mayor's up 6. So you know, that sounds accurate to me. And you go look at the other polls, you can see the momentum. If you watch over the summer, you can see that from decent polling. You can show the momentum building and building and building. It was plus seven, that was plus five. This plus four. This makes sense to me. Okay? But then you go to these other polls that they always come out within 48 hours, always within 48 hours of there being a good poll for Winsome. And it's like Spanberger plus 15, Spanger plus 10, Spanger plus 10 or 12. I mean, it's designed intentionally. They're doing that so that they keep the RCP poll average, which they were clear polling politics average. Okay? So that's what they're doing. They want it to stay down. So that way donors from out of state, they go and look and they said, well, she's still down 10 points. She's still down plus 6 on the average. That's what they're doing. And it's very, very obvious. I mean, it's very obvious to anybody who's paying attention to this race, who knows what's going on on the inside of this race, knows that Spanberger has been a disaster zone. Unable to answer questions, has no real answers for anything, to be honest with you. All she does is Come out there and say, you know, I'm gonna make things more affordable, even though I was the one that made them unaffordable because I voted with Joe Biden the whole time. She's got nothing. She's got nothing to run on. She's got no positive messaging at all. The only thing she's hoping she rides is everybody hates Trump. And I just do not think that after Trump is in the middle of solving peace processes in the Middle east and cleaning up crime across the country and closing the border, I do not believe that Trump is so wildly unpopular that she's gonna run through with a 10 point average.
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Yeah, they're also running on something else, which they won't admit. They're hoping that conservative right wingers in Virginia won't come out for a black woman, even though they agree with her on all the policies. And I'd love for them to be proved wrong about that. I want to talk quickly, though, about Jay Jones, that AG candidate we were talking about before. Remember those. For those of you who don't remember, this is the guy running for Attorney General in Virginia who was caught texting a couple of years ago wishing for two bullets in the head of the then GOP leader of the House of Delegates. And it wasn't a drunk text. He then called the person he was texting to double and triple down on it. And, and he's also, it's been found out that he said he thinks that cops should be killed every once in a while. And I just want to note, Walter, there is still no elected Democrat of any renown who has called for this guy to drop out of the race, including Mr. Common Sense Democrat, John Fetterman, who says a lot of great things about foreign policy, I'll give him that. But even John Fetterman hasn't said anything about this. Incredible. To me, not one Democrat. And, and this is incredibly. Actually, it's pretty chilling. It's pretty chilling. Not one elected Democrat says, this guy needs to drop out of the race. What would it cost them to do that? Nothing. And they won't do it. Which tells me they're in a very serious and scary cult over there.
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You know, it's amazing to me that we haven't seen one national Democrat do it. I thought we would at least see some of the national Democrats. Fetterman, particularly, you would think, would have been one of the people that would have done this. But no, none of them, none of them have decided to come out and call this, condemn this guy, and they want him to be out of the race. You know, and this is going to be a serious problem for any of the people who endorsed him. I'm telling you now, if you didn't, if you endorsed him and you never pulled your endorsement from this, when this guy loses, because he will lose, by the way. He will absolutely lose, and he deserves to lose. You know, that's going to be a hit from every single person that endorsed you. Cory Booker has the same guy, he endorsed this guy that he's on his website. He keeps it on his website. Those endorsements, I'm telling you right now, those are not gonna look good for you. They're not gonna look good for any Democrat. They're not gonna look good for anybody who is even remotely tangentially attached to this guy. You know, it's amazing to me that they haven't come out and immediately condemned him. My theory was for the ones in Virginia, that it's actually too late for the ones in Virginia. People in Virginia, they can't do anything. You know, they're married to this scenario now. But. But for the National Democrats. What on earth are you doing? I mean, it doesn't make any sense to me at all. I have no idea why they're keeping this open. But, you know, it is really, I agree with you. It's pretty scary to see.
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Yeah, well, they'll break ranks if someone says something nice about Trump, but not if they call for murder. Just incredible.
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Walter.
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Kurt, the WC Dispatch on substack. Thank you so much for joining us.
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Thanks for having me on, Jake.
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Coming up, how have things been going at Turning Point USA in the weeks since the Charlie Kirk Memorial? Is the momentum still there? I'm going to have an update for you in just a moment.
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Moment.
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And y' all know I'm not the biggest fan of evs, but what about hydrogen cars? Those hydrogen fuel cell cars, that's the ticket, right? Well, not so much. American Sunrise EARLY Edition. We'll be right. Welcome to this Tuesday morning here on American Sunrise EARLY edition, A live shot of the Capitol dome. Yes, we are still in shutdown mode. Day 14. Hakeem Jeffries and Chuck Schumer want you all to believe that the guy who just negotiated a peace in the Middle east isn't able to make a deal to stop a government shutdown. I mean, really, what a joke. It's not working for these guys. And it's coming out more and more that basically they're looking to extend this for at least another few days so they can join the no Kings rally on the weekend, which is also ridiculous. There has never been a more accountable president than President Trump. And by the way, not completely by his choice. He's accountable because the Democrats, the legal system, the universities, the cultural media, the news media attack him for every little thing he does. That's what makes him so accountable all the time. And to call him a king, it's just ridiculous. He also tells us what he's thinking. At all times. He's the most accessible and accountable. Doesn't mean that you have to like him. But to say that he's acting like a dictator is incredibly ludicrous. I mean, these people need to go back and learn reading comprehension. Okay. In the midst of all this big national and international news, I wanted to check in on how things are going for Turning Point usa. Of course, since Charlie Kirk's assassination and the memorial service. The reason why I mentioned the memorial service even more than the assassination is because for a lot of people, I thought maybe they would think that was closing the book on the whole Charlie Kirk story. So yesterday on the Charlie Kirk show, which, as you know, is continuing here on Real America's Voice, not only in his memory, but also to keep. To keep the work alive that he started, they gave us an update on the growth of Turning Point chapters across the country. Check it out.
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We have, I mean, just incredible growth. I'm trying to find the numbers here right now, but. But put it this way, before October or September 10th, we had about 900 college campus chapters. We had about 1200 high school chapters. We have now added almost 800 new college chapters, which I didn't even know was possible. But these are probably some of the smaller ones. Things we didn't focus on as much because we already had pretty good saturation within the D1 schools and the big state schools and things like that. But somehow these smaller schools, et cetera, on the high school level, the last number I've gotten that was Wednesday. So I need an update. But we have added over 18, 19 new high school chapters. So we have over. We have more than doubled in a month. How many chapters. And people have to understand. It's not like we make a phone call and you have a chapter. No, you got to get a sponsor at the school. They have to meet with our staff. They have to get trained. We have to. And then there's a process for becoming an RSO registered student organization at these schools. And so it's an involved thing. Our staff is all over the country. They're meeting with these students. They're getting them combined because a lot of these schools had multiple students that applied to start a chapter. So we're putting these teams together. It's a very involved process, starting a chapter.
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Yeah. It's interesting to see how this is motivating young people. You know, you have major assassinations in our history that I think mostly ended up causing rage and also despair. After the JFK assassination, I think people just despaired in this country. And a very large long running depression began after Martin Luther King Jr. Was assassinated. Of course, there was a lot of rage and violence that came from that. This is interesting. A little bit different, actually. A lot different. It seems to be really, the momentum seems to be continuing and I'd like to continue to check up on that. Let's see some of the new student leaders who will emerge from some of these new chapters. All right. Did you see President Trump calling out the big banks for refusing to bank accounts to certain Americans? Don't reward those big banks. Move your money to Old Glory Bank. Old Glory bank serves customers in all 50 states with the best online banking for both consumer and business. Everything you can do at the big woke banks, you can do better at Old Glory Bank. Old Glory bank has always been pro free freedom, pro second amendment and pro crypto. Visit oldglorybank.com rav today and join the right side of banking. Coming up, Paramount's David Ellison still wants to buy Warner Brothers, but Warner's David Zaslav is laughing at Ellison's opening offer. Will Warner, CNN, CNN's owned by Warner Brothers. Will CNN somehow get into wiser hands? I think Ellison would be a better guy to run that place. We'll see American Sunrise EARLY edition. We'll be right back. Live shot of beautiful Miami, Florida this morning. As we get further and further into fall and further into and then get to winter, Miami's gonna look better every time, won't it? Welcome back to AMERICAN SUNRISE EARLY edition. I'm Jake Novik. Let's take a look at where the markets are gonna begin today. We had a big rally to the upside yesterday. It looks like we're gonna give back some of that. Interesting. The markets have been really up and down, been a roller coaster. Friday we had a very steep sell off, almost 900 points lost on the Dow. Then we gained almost 600 points on Monday. And again, as you can see at the open, we're gonna be down and look at the NASDAQ, down almost 1.3%. Gold is up though. And look at that 4100 now per ounce on gold as it continues to climb higher. And I also want you to pay attention to crude oil. We are now at the $58, I mean, almost down to the $57 a barrel level. This is a very big move downward on oil. There's definitely some worries that trade fights between the United States and China, which I'll talk about more in just a second, are going to lower the need for shipments across the country. Less fuel, less container ships going across the earth, that kind of thing. So there's that. Now let's take a look at Bitcoin because they had also taken a step down. Yep, there it is. And it's down almost 4% this morning at $111,000 mark. We were just over the weekend getting into the weekend back really close to the 125,000 all time high, but there you are again, a sell off there. Okay, so let's dig a little bit more into this latest trade fight between China and the United States. Now, this is something that almost no one disagrees with. China was basically starting to threaten about reneging on its promise to continue to send rare earth metals and minerals to the United States. That's the stuff like lithium and things like that that are needed for batteries, not only for big tech, but also for some weapons systems as well. This is a national security issue now, even as the Trump administration was working to get more rare earths mining going here in the United States, and they are putting money into a number of companies that do that. In the meantime, we need these rare earths to keep coming from places like China. This was the previous administrations going back to Obama, not only Biden, but Obama and even people before that dropping the ball on rare earths mining that President Trump's trying to make up for. But China was supposed to continue sending some of this stuff and they started to threaten it. So President Trump said, hey, we'll slap 100% tariff on every Chinese thing until you promise to uphold your promise to keep your promise up. Scott Bessen, our Treasury Secretary, yesterday said that what China is doing is like it's pointing a bazooka at some of our very crucial, crucial things that we need in this country. So that's what's spooking the markets right now. President Trump did say over the weekend that everything will turn out fine. And the markets rallied on that news yesterday, but now they're a little bit less sure of that. China is absolutely belligerent. They've been fighting an economic and cultural war and a border war against this country for many years. We know that we hope it doesn't become a kinetic war with actual troops and jets and battleships and things like that. But they are an enemy of the United States. I just don't know why people won't say that clearly. Remember Joe Biden in 2020 running for president, said, they're our friends, man. They're not our enemy. I don't know if he just was ignorant of that or was lying. He usually is an interesting combination of both. All right, no sale. At least not for now. Bloomberg is reporting that Warner Brothers Discovery CEO David Zaslav has rejected Paramount Skydance's CEOs David Ellison. It's the battle of the two Davids. David Ellison was offering $20 a share for Warner Brothers, which is trading now about 17 bucks a share the last time I checked. By the way, that would still be a very nice offer because Warner Brothers Discovery as a failing entity right now, I think it's only chance to succeed, especially with some losers that it owns like CNN is for Paramount Skyd to buy it to incorporate some of its streaming stuff, et cetera, et cetera. Well, Zaslav wants more money than 20 bucks a share. Can't blame him for asking for more. We'll see if that continues if Paramount comes back with another offer. Right now, the markets believe that Paramount will offer more in the coming days. And so the shares of both of those companies are up, or at least they were up on Friday and Monday on that news. Interesting story here. A really signature American story I want to tell you about, although it did end in tragedy. LendingTree chief executive Doug Lebda, maybe you've seen their commercials. LendingTree he died in a freak ATV accident on his family's farm over the weekend. He was only 55 years old. He was the founder and chief executive, the online marketplace. It's headquartered in Charlotte, where there are a lot of other banks, by the way, in North Carolina. But this is the thing I want everyone to understand. It's a really unique American story. Lebda grew up in Lewisburg, Pennsylvania. He had a number of his own businesses. He used to clean pools, used to mow lawns. He even sold fireworks, which you can do in Pennsylvania. Before he went to college at Bucknell University, a few years after he graduated, he was working for Price Waterhouse and he tried to buy a home. And he got really frustrated with the way the banks were treating him as a potential mortgage client. So he knew he needed to do something better. And so he started all this online mortgage offerings. Again, a very signature American story started A business based on his own experience. A self starter. Very sad for him to die at such a young age. He had a young wife and children. All right ladies and gentlemen, start your engines. This is moving America. Sponsored by ArtilleryTea Company ArtilleryTeaCo.com Use promo code LIBERTY for 20% 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 Tea Company is family and veteran, owned and operated and a portion of your purchase goes to help veteran and first responder charities. Artilleryteco.com promo code LIBERTY for 20% off your order. General Motors is basically giving up on the hydrogen fuel cell game. This is not a surprise to me. The automaker has been developing the technology under its Hydrotech brand for about a decade, a little bit more than that, 12 years. But now it's canceling work on the next generation systems and scrapping some plant projects connected to the technology. They're blaming it on high costs and limited hydrogen infrastructure. In the United States, there's very few fuel cells that you can hook up to if you're driving around the country. A lot fewer than, for example, EV power charges, which there are still also not enough of. According to the US Department of Energy, only 6161 hydrogen refueling stations exist nationwide. It just wasn't catching on. There's some dangers involved. Look, one day something will come around that is much better and easier for us to use than gasoline to power our cars. But until then, there's a reason why it has been working for so long. This isn't like the era of whale blubber, when we use that for oil in this country and for power in this country. That didn't last that long, by the way. It was only a couple of decades. The fact is, gasoline is incredibly efficient. It's very, very hard to find something better than that for widespread use. One day somebody will find it. But what is it now? 90 years, 100 years of gasoline being that. That's a really nice long run for gasoline. And there's a reason why.
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Because.
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Because it's darn good. Hopefully someone will come up with something better that's cheaper. I'd love to see it be cheaper. Until then, gasoline is king. And people need to realize that. Okay, the car repair estimate you just got, if it's got you gagging, well, join the club. According to the latest Consumer Price Index data, the average cost of auto repairs jumped 5% in July alone. From July to August, that's the largest one month spike ever recorded compared to last year. Repair bills are up 15%. That's the year over year change. And there's little relief in sight. Now. This has a lot to do with the very fancy tech in all of our cars. All those crazy dashboard displays, all that really great stuff that we love. Well, when it gets broken, it's really, really expensive to fix. And this is why some of these stripped down cars that are being talked about now, some of them on their way out, like the slate pickup truck, which still has crank, crank your crank, the windows open. They don't even have power windows. This is why this is getting some attention from the world, the consumer world. This kind of cheap car which just runs and doesn't have a supercomputer on it that can launch my car to the moon is getting a lot more attention from people. I love the tech, too, but if it's going to cost me five grand to get a tune up, I don't want that. All right, well, here's one way to avoid those fancy and expensive repair costs. Don't get a car in the first place. For more and more Americans, they may soon have no choice. The percentage of new car buyers with credit scores below 650 was nearly 14% in September. That's one in seven people, by the way, J.D. power said that last month. That is the highest for that time in September since 2016. So again, people not with the greatest credit scores, maybe it's because they're behind on their credit card payments for paying.
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For a car repair.
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A
I'm not sure. But there are a lot of ominous signs about the car industry right now. They're very reminiscent of the subprime mortgage crash in this country. Something needs to be done about this. The car companies might want to think about making cheaper cars. That's one way to get around this. A few months ago on this program, you may remember that I told you about some new devices that people were using to tamper with the odometer readings on their cars, make them look lower than they really are. Well, a Brooklyn car dealer found that out the hard way earlier this month when he bought a Lamborghini Evo Spider just like the one you see here. He thought it only had 2,300km on it. It turned out it had 23,000km on it because of this handheld device that you can use to fool around with your odometer. The reason why I'm telling you about this is because if you buy a used car that looks a lot older than the odometer would indicate, see if you can find out whether that has been manipulated. There are ways to do it. To do that. And ask the car dealer if they've checked to make sure that that device wasn't used to fool around with the odometer display. This is a growing scam going across the country. Okay. Coming up, President Trump's work against the H1B visa abuse in this country has some hospitals now and, of course, the tech companies running to the courts. We'll talk about this attempted counterattack when American SUNRISE EARLY EDITION returns. It's Tuesday, October 14th. Here are this morning's top stories. Welcome to the new world. There can be no doubt who the leader of that world is, not just the free world. A day after President Trump sealed the end of the Hamas war on Israel and got the return of the hostages, what does he do for an encore? Well, I'll tell you, the first thing he did for an encore was go to Egypt to remind the assembled Arab and European leaders that came there that they have no power here anymore. But nations like Turkey and Qatar will indeed try to fill the vacuum left by Iran and Gaza. By the way, Hamas killing all of its own people this morning and parading their bodies in the streets. Lovely place. Speaking of vacuums, the vacuum that's pretending to be a power structure in the Democratic Party is trying to convince the country that the man who just forged a peace deal in the Middle east is somehow unable to get a deal to end the government shutdown. Good luck with that, Hakeem and Chuck, this is all on you and everybody knows it. And in Virginia, a new set of polls shows it's a toss up in the races for governor and lieutenant governor. But don't expect the political establishment to accept the truth just yet. The question is, will Trump supporters come out and vote for winsome Earl Sears in decent enough numbers? American Sunrise EARLY EDITION continues. Now, welcome to AMERICAN SUNRISE early. And welcome back. And especially a big welcome to those of you on the getter, the rumble chats. Also commenting on Substack and on X. One small request, if you're going to comment on this show, make sure you listen carefully. Had someone yesterday get very angry thinking I said something when I clearly said the very opposite thing. Now it's okay to mishear me sometimes not everyone has the best hearing. But then to go post about it. Come on, guys. Anyway, believe me, most of the time, the criticisms you guys lodge against me are absolutely correct and I learn from them. But there's going to be a reading and listening comprehension test if you go. If this continues, all Right. All right. Welcome back. Joining us now is the founder of AML Global and also an attorney and a tech expert, Anne Liebschutz. And first I need to ask you about the big picture in the world, because everyone who's smart needs to be asked this question. It's a new world today after what's gone on in the Middle East. And I specifically want to ask you about the financial and the tech ramifications of all this. I'm showing here a headline. And yes, that is a correct headline. It's from five years ago, from 2020, when Israel and the United Arab Emirates, just around the time of the signing of the Abraham Accords, assigned also a different agreement on AI, a memorandum of understanding that they would work together on AI technology. That was five years ago, not five days ago. The reason why I'm asking about this is because, of course, you're a tech sector expert and you understand that kind of stuff. This played a big role. This is playing a big role. And the reason why we could be hopeful in the Middle East. Those previous peace agreements, there was no economic aspect to them. There was no futuristic aspect to them other than just laying down arms. So I'm wondering if you're looking at that and thinking that's a reason to also be a little bit more optimistic this time.
- [34:08]
E
Well, everyone that knows anything about the tech sector knows that with everything Israel is inside, there is no advanced sector where the major R and D centers aren't also in Israel. If you drive up and down the coast of Israel and the entire NASDAQ is there, and despite the fact that a lot of public perception is that countries don't work, don't have relationships with Israel, even during the most difficult times, there are business relationships with Israel because all R and D, whether it be medical, whether it be defense, whether it be AI, whether it be software, most global companies have material R and D centers in Israel and do all their top tech scouting in Israel. So it is definitely an important day today. Yesterday was an incredibly important day. I think we'll see more good coming, more public declarations of working relationships with Israel. But in terms of technology, in terms of that which drives an advanced economy, Israel's always been at the center.
- [35:19]
A
Yeah, I mean, look, you want to boycott Israel, then give me your cell phone, your laptop, and a bunch of other things. It's just silly. You don't have to be a supporter. Not asking for that, not asking for money, not asking for troops. Just don't support the people who are trying to burn down the World. It's as easy as that. I don't know why that's such a big ask, but apparently it is. All right, Ann, let's talk about certain entities here in America who are fighting back against President Trump's new $100,000 annual fee for H1B visas. It turns out. Oh, what a surprise. Universities, those bastions of understanding and advancement. I'm just kidding. They're among the aggrieved now. This is really a double whammy. The universities that have been taking on a massive amount of foreign students over the last decades or so and bringing them right back to their countries, not keeping a lot of their expertise here, also want their instructors to come from overseas. Why don't they just, you know, not bother? The. It's amazing to me. How do you see this playing out? I feel like this is just another example of the universities fighting against Trump, but people think it's about politics, but it's a lot about money, too. He's really challenging some of their financial centers and the fact that they are basically corporations masquerading as educational institutions with the tax breaks to go along with them.
- [36:37]
E
Yeah. Well, this H1B visa is an interesting issue because of the parties it brings together. You know, there's a perception that everything is partisan in Washington. There's a lot of issues that bring together groups that you don't normally see come together, and this is one of those. You have different parts of the high tech sector supporting, you know, supporting the new application fee, and then you have a collection of other organizations that are against it for different reasons. Universities are one that are saying, well, we can't get certain types of expertise, and we can't get certain types of backgrounds if we're not able to do this. And unlike companies that can easily put out $100,000 per application, we're not in the same boat. And especially when you look at. We're trying to get certain types of expertise in diverse areas across the United States, except the fact that a lot of these universities are as financially secure as our large corporations. And you have to reconcile. Where are these complaints coming from? Are they really coming from small universities in rural America that are looking for certain types of engineering or chemistry backgrounds, or are they larger organizations that are just looking to be able to bring in. Bring in who they want to bring through this program as opposed to really having some compelling need because they need a particular person in a certain part of the country?
- [38:01]
A
Yeah. And of course, you talked about bringing together interesting entities here. There's been One voice, one dog that hasn't been barking lately about this H1B visa thing. That is surprised. That's surprising me. Elon Musk, who for years was pounding the table about the need to protect the H1B visa thing, has actually been silent about this ever since the announcement came from President Trump about the $100,000 fee or tariff or whatever we want to call it. But he's an interesting example. I mean, if you want to make a case for the H1B visa program, I would have to say that Elon Musk would be one of the strongest ones, because you could argue, and this is also true of the CEO of Nvidia, they both say that without the H1B program, they wouldn't be here in this country. How do you respond to that kind of argument?
- [38:51]
E
Well, you know, the fundamentals of the program are, you know, for the high tech sector are to bring in, you know, the global talent. Everything we need to have, as we say in sports, all the best players on the teams. The problem is it just hasn't been implemented that way. A lot of use of the system is to be able to bring in labor at lower costs and place those, you know, place those workers at third party sites. And it's a, you know, it's a financial operation more than a need based operation. You're right. Musk is silent on this. And his company is one that uses the program, benefits from the program, you know, is a big user of the program. So what I, what I, I suspect that there is a, there is a, you know, quietly, like a lot of the large technology companies, an acceptance of this because this company can afford it. A lot of your large technology companies, $100,000 application fee is really a de minimis cost when you think of what they're paying, if they're really trying to bring top talent. So for purposes of bringing in the best talent, it's not a, it's not a, it's not, it's not a problem. But for purposes of trying to outsource or trying to reduce costs, trying to reduce your cost of your engineering core, you know, we have to watch what these companies do.
- [40:18]
A
Yeah, I mean, come on, entry, entry level engineers who, they could get at almost any being on the H1B and I worked at places where that was happening. I'm telling you, this happens. And this is absolutely a great way to put, make those companies press pause on that. That's exactly what they're trying to do. Finally, and I only have about 30 seconds left, but I'D like to get your take on this whole developing rare earths battle between the United States and China. Obviously, the tech sector absolutely 100% dependent on some of these rare earths. It's going to take a while for the United States to ramp up our production to get enough of that without having to import it. Does this worry you at all?
- [40:57]
E
This is an area where we definitely have exposure as a country. This is not a new issue. This is something that's been going on a long time, a very long time. In an area where the US Used to have production capacity. We say rare earths, but they're not really rare. What's rare about them is the ability to pull them from the earth's core and to extract them. And to do that is something that we don't have anymore, the capacity to do that in the United States. We've allowed China to do it because it's dirty. It's a really dirty process. And we have access to those rare earths, but we don't have the ability to actually extract them and use them. So here is an area where we are entirely dependent on China and our economies are dependent on each other. And that is the only reason we're not in a worse situation. So they now are putting export licenses on these minerals and they have the ability of controlling time now how long we have to wait for them. They're not banning them and we're fortunate there. But they can control how long it is before our industry is actually able to access these critical elements, these critical agreements. And it is absolutely an exposure for our country.
- [42:09]
A
Yeah, it's the same thing with manufacturing. There just hasn't been in the history of the world a nation that's been able to survive if it doesn't make enough of its own stuff. Obviously we can import some things, but this was a national security issue that pretty much previous administration's let slide. And Leibish, thank you so much for joining us. Have a great rest of your week.
- [42:28]
E
Thank you.
- [42:30]
A
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- [45:37]
F
Yeah. Yeah, I guess. I mean, here's the key. A dose is the word. A dose of common sense. I'm not convinced that this dose is gonna last for long. Once Trump exits stage right, my guess is he'll go right back to where he's always been. And that's coming from employees that have worked with him before, because not only does he do a dose of common sense right now, what he does is he also does this. He goes, which way's the wind blowing? Oh, okay. The wind blowing towards Trump. And that's the deal. So this idea that he's had this transformation ideologically. No, he has. And he's had a transformation of practicality is what he's had. Which, look, we'll take whatever we can get at this point, especially when it comes to San Francisco and the homeless. So I don't expect any sort of. Sort of radical transformation. I will say this, though. He has been on record to say that the Democrat Party is off the reservation when it comes to crime and many other stats. So at least I think there is some awakening that the Democrat Party needs to do a better job. And I think that's authentic, for sure.
- [46:42]
A
Yeah. Well, it was crime in the 70s that started the change in the Democratic Party. First. They collapsed. They learned from it. Maybe that will happen this time as well. All right, the big show, American center is coming up from 8 to 1010. I'll join you in the 9am hour. American Sunrise early Edition will be back tomorrow. Thank you so much for joining us and enjoy the rest of your day. This is an iHeart podcast.