Transcript
Eric Bolling (0:00)
This is an iHeart podcast. Guaranteed Human.
Eric Bolling (0:15)
Alrighty, folks, Friday, 4pm Market is closed. We don't have a ding a ling because the NYSE forgot to turn the camera on. Or something like that. Something like that. All right, check it out. Dow Jones down about 200 or so. Nasdaq down 200 a little bit. Neg day all day. A lot of selling pressures bounced back a little bit. Towards the end it was a lot lower. I will tell you something, you got to look at that market below there. We've been talking gold for a long time. Boy, it kind of melted down today. But this is just a profit taking session. We're still $4,800. Still two, about $2,100 higher than one year ago today. Very, very strong gold market. Oil bounced up a little bit and crypto at one point being bitcoin. Last night, late last night, I don't know why it was up 3 in the morning, 3 in the morning, Bitcoin had touched 81,000, dipped down all the way to 81, bounced back up to 84. About unchanged for the last couple of days. We'll see. I think some of the, the money that came out of the metals markets over the last 24 hours or so may start making its way into bitcoin. I think people will wait till Monday to see what's actually happening. All right, folks, good to hear our next guest, geopolitical advisor, strategist. But all things, she is just one of the most smart people you ever see on this show. Rena Shah, looking good. I'm glad to get you back on the show. Let's take a look here, Rena, just take a peek here, guys. Take that live shot. We have that Minneapolis live shot. Protesters are marching and this has been going on for, for a bit now. I was in the control room watching this with helicopters kind of flying over, by the way, 9 degrees in the ground in Minneapolis right now. 9. So it's really cold, you know, and sun's going to go down about an hour and a half or so. It's an hour early. It's a central time zone. A pretty sure sun will go down about an hour, two hours or so from now, get a lot colder. Wind chill feels like temperatures around 3 below zero in min. So what are those people doing out there? Rena, let me bring you in and kind of bring us up to speed on all this because remember we're, we're facing a potential government shutdown because Democrats have said, listen, we're not funding ice. And if you Think you're going to fund ice? We're not going to play ball. We'll shut the government down. Take us through your, your feeling on what's going on over the last maybe 72 hours or so.
Rena Shah (2:21)
It's been a heavy 72 hours. I mean, I, I will say this pace of news feels really maddening because it's all very bifurcated in many ways. And I think there's a, there's an appetite for understanding here. A lot of people feel like it's just Groundhog Day, but that's not exactly true this time because we knew this was coming. Midnight tonight, the federal government is teetering on the edge of a partial shutdown. Now, I should say this is, this would be the second of this fiscal year. Now what also don't understand though is that it's really only the major agencies that get affected here. I'm talking Department of Homeland Security, Department of Defense, Health and Human Services. And I get that people are nervous because what we just saw a few months ago was a record breaking 43 day shutdown. So that ended in November. But what we see here is this pattern of brinksmanship in Congress. And you alluded to that by saying, you know, the Democrats are trying to say this is all about ice. The political dynamics are important here also because people tend to forget the two chambers have to navigate their own infighting. And I think right now everybody wants to put this on the door of Republicans politically because they hold the cards with control of the White House, House and Senate. Right. But those internal fractures that have kind of been coming up over and over between moderates and hardliners, I think that really mirrors the chaos that led to the 2025 shutdown. So I'm kind of wondering how this gets sorted out because as an INS seen a couple of different things at play. But again, you were right. Democrats who are in the minority are framing this as Republican extremism on immigration. And what they really are trying to do is rally their base ahead of the midterms. We've got less than 10 months to go. This is the name of the game. It's going to get even uglier. And this is all going to be about ideological pressures at the end of the day.
