Transcript
Clay Travis (0:00)
This is an iHeart podcast, guaranteed human welcome back in.
Buck Sexton (0:05)
I say back in because it feels like we're constantly talking and always here because there is a lot of hours that we spend with all of you. It is the Wednesday edition of the program and I will say as a ceasefire has taken root in the Middle east as I speak to you all presently, the stock market has surged. Oil and gas prices have collapsed. It's almost like if you listen to us and do not panic, you will end up doing better in your life. The s and P500 up 2.4%. A huge surge in that marketplace. Dow up 2.7% as we are talking 1245 points at the present day. Needless to say, days when the stock market goes up over a thousand points are relatively rare. Days when the stock market surges like this are not common. The price of oil and gas as I speak to all of you dropping $18 down some 15% or so. Stock soaring, oil sinking as a truce, A ceasefire is underway in the Middle east now, Buck, and as you can well imagine, we've got some cuts to play for you. But I saw Pete Hegseth this morning saying Iran needs to notify some of its people via carrier pigeon that they need to stop firing off drones and missiles. There are still issues in Lebanon. It's not as if the Middle east is usually very calm in the first place. So you are, it seems, filled with some measure of trepidation about how long the ceasefire might last. But for the moment, stocks soaring, oil collapsing. And now you can come tap dance on with some negativity after my 1 1/2 minute positive open there.
Clay Travis (2:00)
Thank you. And I'm glad that we represent both sides of the pro Trump, pro American peace in the Middle east point of view. But a little bit, a little bit of a variation here on my sense of it. First of all, I said yesterday they're going to just extend this thing, which is really what this is. This is an extension. Nothing has been agreed to. That is lasting bonding. I mean, I know you meant ceasefire, you said that. But this is not a truce. This is not a long term agreement. This is a, we're going to stop pounding you from the air and try to talk to you about some things and see if you will come to your senses. Now I view this play very much as a will see situation. But here is the downside or here is my, my negative impulses about some of this. The Iran 10 point deal that they've put forward via intermediaries in Pakistan is awful. It is unworkable.
Buck Sexton (3:02)
Yeah.
Clay Travis (3:02)
Their positions are we get to keep nukes, we get control and can take tolls on ships. Now, in the Strait of Hormuz, America promises to stop attacking us and Israel promises to stop attacking Hezbollah as well as, I mean, you go down this list. Now, I understand this is a, as Trump says, a workable place to begin negotiations. But here is the fundamental problem as I see it. This is now a race against the clock. This is basically the timeline that Trump had for the completion of this mission. And I thought I said on the show, I think it'll be done by April 1st. Okay, it's April 8th. We aren't bombing them anymore. So pretty darn close. Because the politics here at home play a large part in this clay. I do not see a future in which Iran renounces its nuclear ambitions, agrees to true. And people say intrusive, but I mean, you know, real nuclear inspections, gives up its highly enriched uranium. And if anything, I think the Iranian, the Iranian regime that is in place views this as a, ok, you hit us with your best shot and we are still standing. I think the Iranians believe that we, for political reasons, and that's not even really the right term, the American people will not go along with a sustained ground invasion of Iran. And I would agree with that sentiment, I might add. So that's not on the table. The American people do not want high gas prices. And that means that Republicans are going to start pressuring Trump. If we go back to bombing them, we have a delay here in the campaign. Does anyone really, I mean, I'll ask you this. Do you think in two weeks we're going to have a real agreement with Iran that they can be held to and that we have faith in, and that ends this thing?
