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- [00:01]
Host
Shopping is hard, right? But I found a better way. Stitch Fix Online Personal styling makes it easy. I just give my stylist my size, style and budget preferences. I order boxes when I want and how I want. No subscription required. And he sends just for me pieces plus outfit recommendations and styling tips. I keep what works and send back the rest. It's so easy. Make style easy. Get started today@stitchfix.com Spotify that's stitchfix.com Spotify.
- [00:31]
Co-host
Long day, late night?
- [00:33]
Host
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Co-host
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Host
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Guest 1
Ever notice how ads always pop up at the worst moments? When the killer's identity is about to be revealed during that perfect meditation flow on Amazon Music, we believe in keeping you in the moment. That's why we've got millions of ad free podcast episodes so you can stay completely immersed in every story, every reveal, every breath. Download the Amazon Music app and start listening to your favorite podcasts. Ad free included with Prime A Mochi moment from Tara, who writes for years, all my doctors said was eat less and move more, which never worked. But you know what does? The simple eating tips from my nutritionist at Mochi. And after losing over 30 pounds, I can say you're not just another GLP1 source. You're a life source. Thanks, Tara. I'm Mayra Amit, founder of Mochi Health. To find your mochi moment, visit joinmochi.com Tara is a mochi member compensating for her story.
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Co-host
Oh, hey.
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Host
Welcome to gift wrapping. Whoa. So we saw Donna.
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Guest 1
Hey, can you wrap these, please?
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Guest 2
Wow.
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Host
IPhone 17s.
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Guest 1
You splurged at T Mobile, you can get four iPhone 17s on them. The new Center Stage front camera is amazing for group selfies.
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Guest 2
It's the perfect gift for everyone.
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Host
I'm the worst.
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Co-host
I only got my mom a robe.
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Guest 1
Well, it's better than socks.
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Co-host
So I have to trade in my old phone, right?
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Guest 1
No AT T Mobile, there's no trade ins needed when you switch, keep your old phone or give it as a gift.
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Host
Incredible.
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Guest 1
In fact, wrap up my old phone too for my Aunt Rosa.
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Guest 2
Forget that.
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Guest 1
Aunt Liz will be jealous.
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Host
Sounds like my family drama.
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Guest 2
Oh, I got it.
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Guest 1
I'LL give it to my abuela. I'll take reindeer paper with hey where are you going?
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Co-host
To T Mobile.
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Host
The holidays are better. At T Mobile get four iPhone 17s on us. No traded needed when you switch plus four lines for just 25 bucks a line. And now T Mobile is available in US cellular stores with 24 monthly bill credits and four eligible board ins on essentials for well qualified customers. Borrow pay plus taxes fees and $35 device connection charge credits ended up balance due if you pay off earlier. Cancel contact US Finance Agreement 256 gigabytes $830 required visit t mobile.com state regime media, which calls itself Fox News collapsing live on air. They have no clue how to save Donald Trump who continues to plummet even in the Fox polls. Donald Trump is the least popular president in modern presidential history. Fox poll shows that Donald Trump is in full death spiral mode right now. Let me show you what they're trying to do. Right. On the one hand they had people like Larry Kudlo, a host on Fox Business and I put business in quotes saying I think affordability is just like such an overrated issue. It's like so overrated. Here, play this clip.
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Co-host
There are issues on some of these prices, although I think affordability is greatly overrated.
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Host
But on the other hand they have hosts who talk about how the unemployment rate going up to 4.44% based on the September unemployment figures is really bad. The like bad bad. And it's gonna get much worse when we get October's numbers. Here play this clip.
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Guest 2
The unemployment rate going up to what is a cycle high of 4.44% if you look at the full number and it's not good news. Cause if you look at these are people entering the workforce. Yeah, not so much the way that the Bureau of Labor Statistics calculates this. They interpret the numbers as follows. They use a Census Bureau population estimate to inflate the survey sample size to the US Population size. The number that they're using the census number they're using for population growth is based on a comprehensive population update that was done at the end of last year. Chris Lowe, the economist adjusted for known border crossings and deportations. Now under President Trump, the actual numbers likely show that half that number that was used in this calculation is reflected half that much labor force growth. So cut that labor force growth number in half. That is near zero employment growth. You in the household survey used to calculate the unemployment rate. So the unemployment rate based and so an unemployment rate that is still 4.4. 4%. That is the ratio in the sample that. So it's like, if you adjust the calculation, it's not cause of good news.
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Host
So you see, they're not really sure how to position Donald Trump's crash right now, so they go back and forth. So then they got to bring on Treasury Secretary Scott Besant and this arrogant guy who lived in, like, a pink replica of Barbie's Malibu mansion, I kid you not, in Charleston, South Carolina. It was like, literally the replica, like, $22 million. This guy's like, basically a billionaire. And here's what he had to say. He's like, you know what? The real issue here was the Schumer shutdown. The Schumer shutdown made things worse. And now we're going to see the GDP for the fourth quarter be really bad. Here, play this clip.
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Guest 2
And is this why the Fed is.
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Co-host
Sending signals to the market that they.
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Guest 2
May not be lowering interest rates, which seem to be what took the market in part down at the latter part of the day?
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Co-host
Laura, I think there are a lot of signals coming from the Fed, and some of them are very confusing. They said that they don't have data. And traditionally, if you don't have data, if you're flying blind, they've cut twice. And they said that their insurance cuts. So I would have thought that they would want to take out a third cut, more insurance. And also, we know that under the Schumer shutdown that the economy got worse. So I would believe that the Fed should be looking at the data and thinking things could. We don't know where things are. We've been cutting, and we should finish the cutting cycle or keep going with the cutting cycle, because, again, the fourth quarter GDP will take a definite hit from the shutdown.
- [07:34]
Host
No one buys that. No one buys what you're selling that. It's the. No one called it the Schumer shutdown. Everybody knows that Trump controls all of the branches of government he has ruled as an authoritarian, and y' all are accountable. And the Republicans in the House took a vacation. We all know, as you covered up the Epstein files, we all know what you were doing then. Treasury Secretary Scott Besant over here says, but the one thing we're not gonna do is tell the American people they don't know what they're feeling. Donald Trump's out there saying golden age. They literally lie about everything in the worst ways. Here, watch what Besant says here. Play this clip.
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Co-host
And I think what we are going to see, just as we saw in the Boeing plant in this rare earth magnets plant. We are going to see these trade deals turn into jobs. And look, the one thing we're not going to do is tell the American people they don't know what they're feeling, like the Biden people did. They said it was a vibe session. You don't realize how good you are. Shut up, move along. And we believe that the policies are right for the country and that we will see a substantial non inflationary acceleration.
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Host
So after Treasury Secretary Scott Bessen says the one thing we're not going to do is tell the American people that they don't know how they're feeling, then they bring on National Economic Advisor. National Economic Advisor. And this guy goes, Tevin Hassett, he goes, factory jobs are picking up. Like factory jobs are doing good. Construction, manufacturing. No, the jobs report was bad. Construction, manufacturing, transportation, all of those sectors bad right now. Here, play this clip.
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Guest 2
One area that we can look at is manufacturing jobs. And you just made an argument for why we may not have seen strength there so far since President Trump took office, but that you expect, when you expect those jobs to actually kick in, if they're building those factories and facilities now, when does that really kick in? Kevin?
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Host
Right.
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Co-host
Well, first the factory jobs are picking up.
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Host
So they're quite literally telling people what they want to hear, but it's a lie. And people know it's a lie and they know when they hear it that it's a lie.
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Advertiser Voice
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- [11:28]
Host
Then they try the third person, right? So they first they had Treasury Secretary Scott Bessant, the national economic advisor Kevin Hassett. And they're like, all right, all right, let's bring in Lutnick, Howard Lutn. And Howard Lutnick goes, okay, here's how we're doing with, here's how we're doing with affordability, like, you know, lots of luck. Here's how we're doing it. What you see what we're about to do, it's going to be major. We're going to deal with, we're going to deal with coffee, we're going to deal with bananas, we're going to deal with all of this stuff. And so what he's talking about is they're going to remove their own tariffs on these products because their tariffs made things more expensive. And now they want us to applaud them for removing the tariffs on the things we warn them would make things more expensive. Here, play this clip.
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Co-host
Howard Ludley, let me ask him, are you changing or changing at the margins of trade policy? Because a lot of people were very, very happy you pulled the tariffs on coffee and meats and fruits and bananas and whatnot. Those struck some people, and I was skeptical myself, little bit punitive tariffs? Not really. Not really reciprocal tariffs. So now you pull them, prices are going to come down. Is this a, is this a significant change in trade policy?
- [12:45]
Guest 3
No. If you understand where Donald Trump comes from. So when we started this process on April 2, he wanted, as you know, trade deals. Let's just go make trade deals. If a country makes a trade deal, we'll give them coffee, we'll give them cocoa, we'll give them bananas, we'll give them papayas, we'll give them generic drugs. We'll give them all these different things. If they do a trade deal with us to make sure our exporters, if you produce in America, you can export your goods, finally, the president has got your back and let you manufacture in America. And sell it. All right? And what happened is the President said, look, it's been six months. It's time. Let's just wipe the slate clean. If people haven't made deals with these smaller countries, it's okay. Let's cut the price on all these unavailable natural resources and let's focus on affordability. So what you're going to watch is the President's going to focus on the small things that touch the American's pocketbook and he's going to bring them all down. He's going to use the power of what he has created to bring these prices down.
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Host
I just want you to think about this. Even like from the perspective, from the perspective of like Brazil, right? Brazil did nothing. Like in, like they, like Brazil was, had a trading deficit, the United States had a trade surplus with Brazil, good trading relationship with them. They're big democracy. That doesn't mean they're perfect by any stretch. We had a good trading relationship with them. Trump was pissed that their insurrectionist former president Jair Bolsonaro, who's a MAGA guy, a MAGA puppet, was prosecuted and he's thrown in jail for like 21 years. So Trump hits Brazil with like 50% tariffs. He's like, look what I'm going to do. And Brazil's like, well, that's disrespectful. Why would you do that? And then Donald Trump just this past week removes the tariffs against Brazil on coffee and things like that because Trump realized that he's just, you know, that affordability is a real thing and he's screwing over the American people. So then you have more Treasury Moore. Commerce Secretary Howard Lutnick right here says, what you really got to focus on is that the job numbers, the second half of next year is what we're focused on the second half of next year. Here, play this clip.
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Guest 3
The factories are going to come online. You are going to see job numbers in the second half of next year that are going to blow you away. And these are just the right kind of jobs. We've got to train these people. We've got to get those people in America into the workforce for these great paying jobs. And I think really America, the golden age which Donald Trump talks about. He is literally saying, we are going to build manufacturing in America and these jobs are going to blow the numbers away.
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Host
Then he's like, yeah, next year, the second half is great. And next year we'll see 6% GDP. So we went from Treasury Secretary Scott Besson saying the GDP in the fourth quarter is going to collapse because he's like the Schumer shut down. And then you have Commerce Secretary Howard Lutnick saying 6% GDP next year. You're playing this clip.
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Guest 3
But the construction jobs alone, you can't invest $3 trillion a year without driving our GDP off the charts. You're going to see fours, you're going to see fives, and you're going to see 6% GDP growth under this president because the factories coming home, the tariffs are bringing them home. You have never seen construction the way you're going to see it. And then when these factories come online, wow, are you going to see numbers nobody's ever thought possible?
- [16:21]
Host
Right? This is the common tactic of a scammer and a con artist. Right? Your wealth is right around the corner. It's right around the corner. Just wait. We have $22 trillion, 23 trillion. You're going to get so rich you're not going to even know what to with. Just wait, just wait. Next year's your year. Just a bunch of con artists. Back to Treasury Secretary Scott Besant. He's like, and you know, if something happens with Venezuela, wink, wink, wink, like if we invade them and take their oil, then maybe oil prices will go down. This is what they're saying here. Play this clip.
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Co-host
The peace deals, we are seeing a peace dividend from that. And I think there's a very good chance that if something happens with Russia, Ukraine, if something happens down in Venezuela, that we could really see oil prices go down even more. And oil and gasoline prices are down substantially under President Trump. And that is really the key to affordability, is lower energy. So energy goes into food prices.
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Host
Then Fox brings on Rick Scott. Rick Scott, who was in senator from Florida who made his money being involved in the biggest Medicaid and Medicare fraud criminal case against his company in history. He invoked the Fifth Amendment like 75 or 100 times. I mean the guy's literally waste fraud and abuse and criminality based on what his company did all in one. And he invoked the fifth Amendment. And so he's the Republican guy who's running their health. Like he's like, he's our healthcare guy, the Medicaid Medicare fraud guy. Go look up Rick Scott's background. Google Rick Scott. Fraud, Medicare, Medicaid. This is the main Republican guy on this. And he goes, and this is with respect to the Republicans creating a law that pays the Republican senators half a million dollars. And Rick Scott's like, I don't need that money. Cuz you made hundreds of millions of dollars on The Medicaid and Medicare fraud company here. Play this clip.
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Co-host
Walk us through what we're talking about.
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Guest 2
Here because here's the headline on the outraged House lawmakers vote to strike $500,000 payouts for senators. They say that the House voted Wednesday night to repeal this Senate crafted provision that could grant GOP senators at least half a million dollars each in taxpayer funded damages.
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Guest 1
How do we know it's half a million dollars?
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Co-host
Well, I mean, first off, the provision was put in there. Unfortunately, most of us didn't know that it was in there. And most of us are, you know, like, I don't, I don't need to make money off of government at all. What's frustrating me is we, what we should have is how do we do something to hold Jack Smith accountable, Judge Boasberg accountable, the people that made these decisions, if Christopher Wray was involved and Merrick Garland, how are they going to get held accountable? That's what I'm after.
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Host
Then they bring on Tom Cotton about the war crimes being committed and they don't call it that. And Tom Cotton's like, you know how we know they're not war crimes? Because CNN isn't interviewing the people who were killed or whether CNN should interview the family. You don't think the family members of these people who were killed in the boats fear for their life? Anyway, here's what Cotton says.
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Guest 3
Are you comfortable with our military buildup.
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Host
In the Caribbean and around the Venezuelan coast?
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Co-host
Some Democrats and maybe even some Republicans.
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Guest 3
Like Rand Paul are not.
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Co-host
Certainly, Brian. We've done a great job of destroying these drug traffickers boats, stopping deadly poison from coming into our country. Secretary Rubio said that all of these strikes are supported by multiple sources of intelligence. That's correct. You can also use your common sense. If any of these have been boats full of fishermen or refugees, CNN International would have already been on the ground and interviewed all their families and told their stor. So I think we can be confident that all of these strikes have been against cartel based drug traffickers who are destined for the United States.
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Host
And then finally, even though this is not technically on Fox, it's on its sister company's podcast, New York, the New York Post. And here is Caroline Levitt on the show and she says that what Donald Trump does when world leaders show up in the Oval Office is he sprays them with cologne and perfume and he sniffs them and he sniffs everyone in the Oval Office that shows up. If he likes you, he sniffs you. And you just have to let him do it. Here, play this clip.
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Guest 1
The president went.
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Guest 2
The Syrian president came in and President.
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Co-host
Trump sprayed perfume all over him.
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Guest 1
And I just wondered like, was, did he smell? No, Let me tell you, that happens all the time. Not just with the Syrian president, but I've seen it with other foreign leaders. I've seen it with members of our cabinet myself. He sprays a spray and a perfume.
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Host
Him.
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Guest 2
Yes.
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Guest 1
He's just showing off his wonderful sense. He's very generous.
- [21:25]
Host
Wow, wow, wow, wow. What do you even make of that? That's what's going on on Fox in New York Post. Let me know what you're thinking. Hit subscribe. Let's get to 6 million and thanks for watching. Want to stay plugged in? Become a subscriber to our substack@midasplus.com you'll get daily recaps from Ron Filipkowski ad free episodes of our podcast and more exclusive content only if you available@midasplus.com. And Doug Here we have the Limu Emu in its natural habitat, helping people customize their car insurance and save hundreds with Liberty Mutual.
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Co-host
Fascinating. It's accompanied by his natural ally, Doug.
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Advertiser Voice
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Co-host
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- [22:12]
Host
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Advertiser Voice
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Host
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- [22:22]
Guest 1
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Co-host
The holidays mean more travel, more shopping, more time online and more personal info in more places that.
- [22:58]
Host
Could expose you more to identity theft.
- [23:00]
Co-host
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- [23:08]
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Host
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Co-host
Visit LifeLock.com podcast Terms apply this holiday.
- [23:22]
Guest 1
Discover meaningful gifts for everyone on your list at K Not sure where to start? Our jewelry experts are here to help you find or create the perfect gift in store or online. Book your appointment today and unwrap love this season only at Kay.