Bannon's War Room - Episode 5360: The Failure Of Dems Prove No Plan B; Deal Or No Deal In Iran
Aired: 2026-05-09
Duration: 48:54


=== Undoing The Voting Rights Act (02:21) ===

[00:00:00]  Breaking tonight, Virginia's Attorney General has asked his state's highest court to pause their order invalidating that new voter approved congressional map as he seeks a review from the United States Supreme Court.
[00:00:13]  The state court ruled earlier that Democrats violated procedural rules to put that map on the ballot.
[00:00:19]  The ruling essentially erases four Democratic leaning congressional districts in the state, likely giving Republicans a partisan advantage coming into the midterms.
[00:00:28]  Meanwhile, Tennessee's new Republican map is already facing two lawsuits.
[00:00:33]  One of those suits brought by the NAACP argues the state violated its own laws and constitutional limits in its rush to redraw its map.
[00:00:42]  We do have breaking news out of Alabama where officials there filed papers with the U.S. Supreme Court urging it basically to eliminate or to allow it to eliminate a Democratic held congressional district.
[00:00:53]  In the year 2052, 2055, 2060, when the country is majority minority, meaning more black and brown people are going to be controlling.
[00:01:05]  The legislatures and the tentacles of power.
[00:01:10]  White folks are going to find themselves complaining about how they're being redrawn into these minority districts that they now put in place today.
[00:01:20]  And they're going to be asking for the relief that generations of black folks fought and sought for for 60 plus years.
[00:01:30]  So here we find ourselves now in the undoing of the Voting Rights Act.
[00:01:34]  Here we find ourselves now creating districts.
[00:01:37]  Where the legislature says, I'm sorry, if we want this community of African American and Hispanics and others to have representation, to have their voice in the state legislature, that's now racist.
[00:01:51]  That's somehow now just bad public policy.
[00:01:56]  This is a blow.
[00:01:57]  Obviously, a lot of effort went into this campaign to win a vote of the people, and it has been set aside.
[00:02:04]  And, you know, when you look at the whole board with Florida moving and these other states based on the Supreme Court.
[00:02:12]  Voting Rights Act decision, you know, Tennessee and Louisiana, now Alabama, maybe South Carolina.

=== Iran Peace Proposal Delays (03:54) ===

[00:02:21]  You know, the president is in terrible political shape, and on the natural, Republicans would lose the House.
[00:02:27]  This gives them a little bit more of a cushion.
[00:02:30]  Probably nine or ten Democrats need to win to take the House rather than three.
[00:02:37]  And so this was a bad day for Democrats, no doubt about it.
[00:02:41]  I think the proof is in the pudding, right?
[00:02:42]  Because why have we not had an Iranian response yet to The US proposal that was given many days ago now.
[00:02:50]  We were supposed to hear a response on Thursday.
[00:02:52]  We didn't.
[00:02:52]  We were then pretty confident we'd get a response yesterday.
[00:02:55]  Marco Rubio said that he was expecting a response from the Iranians yesterday.
[00:03:00]  We didn't get one.
[00:03:01]  And so now we're in three days, and Iran still hasn't replied to this US proposal to bring a conclusive ending to this conflict.
[00:03:10]  And I think the fact that we have seen fighting in the Strait of Hormuz, we have seen attacks onto the coastline. of Iran over the last couple of days.
[00:03:20]  And we've seen, obviously, an Iranian retaliation, not just to US warships in the Strait of Hormuz, but to the UAE particularly as well.
[00:03:30]  Then that's why we're not moving forward in this peace proposal, in these negotiations.
[00:03:36]  And remember this latest proposal that the US has put forward, which essentially suggests that within 30 days, we will come to a conclusive ending of this conflict.
[00:03:46]  In it, there is discussions around lifting the blockade gradually of the Strait of Hormuz.
[00:03:51]  There will Be discussions around how Iran's sanctions would be released and their assets unfrozen.
[00:03:59]  Also, talk about how Iran would lift their blockade of the Strait of Hormuz and critically as well about their nuclear program and very specific details about their nuclear program, which they'd all get into if the two sides actually get around the table.
[00:04:14]  And that first will only be done if this initial pre proposal gets agreed.
[00:04:19]  And right now, Iran is pretty much staying quiet.
[00:04:21]  In fact, due to the fighting that we've seen in the Strait of Hormuz, they said that Washington is a vermin like nocturnal.
[00:04:30]  scheming.
[00:04:31]  That was from Iran's foreign ministry, and they warned against adventurism and roguish behavior.
[00:04:37]  This was after a U.S. jet fired on two oil tankers, which were heading towards an Iranian port in the Strait of Hormuz, and those two tankers were disabled as a result, as part of the U.S. blockade inside that waterway.
[00:04:54]  So we're in a situation right now where all eyes are on Iran.
[00:04:57]  The ball is seemingly in their court to come back with a response.
[00:05:03]  To this deal, but I think this military action that we've seen extensively over the last few days now just doesn't help us getting to some form of peace proposal.
[00:05:13]  And I just also must mention is that even if they do come back with a response, which won't be completely to apply with what the US has said, this would just be the initial step to then getting to the table, to then having negotiations, to any sort of peace agreement and deal is still very far off.
[00:05:34]  This is the primal scream of a dying regime.
[00:05:39]  Pray for our enemies because we're going to medieval on these people.
[00:05:44]  You're not going to get a free shot on all these networks lying about the people.
[00:05:48]  The people have had a belly full of it.
[00:05:50]  I know you don't like hearing that.
[00:05:52]  I know you try to do everything in the world to stop that, but you're not going to stop it.
[00:05:55]  It's going to happen.
[00:05:56]  And where do people like that go to share the big lie?
[00:05:59]  MAGA Media.
[00:06:01]  I wish in my soul, I wish that any of these people had a conscience.
[00:06:06]  Ask yourself, what is my task and what is my purpose?
[00:06:10]  If that answer is to save my country, this country will be saved.

=== Republican Party Controlled Opposition (08:04) ===

[00:06:16]  War Room.
[00:06:17]  Here's your host, Stephen K. Bann.
[00:06:24]  Saturday, 9 May, year of the Lord 2026.
[00:06:26]  It's Victory Day in Russia, a little subdued today.
[00:06:29]  I think they're worried about Ukrainian drones.
[00:06:33]  And let's give the Ukrainians, first of all, the Ukrainian people are unbelievable the way they fought the Russians and the courage and bravery and valor.
[00:06:40]  Their leadership, Zelensky, and the oligarchs are running some of the worst people on earth.
[00:06:46]  But give the devil its due.
[00:06:48]  They've got the Russians a little subdued, kind of a very subdued Victory Day parade in Moscow, which normally has, you know, they bring out the missiles, everything.
[00:06:58]  So we'll talk about that a little bit later.
[00:07:02]  I want bowling to start the show because I want to find out.
[00:07:05]  There we are right there.
[00:07:06]  Pretty good.
[00:07:06]  We'll get it back up.
[00:07:08]  Good going, Denver.
[00:07:08]  You're on the trigger today.
[00:07:12]  And I do want to report, no one on the Denver staff was a guy on the runway last night.
[00:07:18]  What is that about?
[00:07:19]  A guy on a runway trying to flag down a jet about to take off?
[00:07:23]  These airports, I'm telling you, dangerous, dangerous, dangerous.
[00:07:27]  Eric Bowling, first off, you used to have years ago, didn't you have Michael Steele?
[00:07:34]  People got to remember this is how, when I say the Republican Party is controlled opposition and it's a new day for the grassroots, please always remember.
[00:07:44]  That Michael Steele was the head of the Republican Party.
[00:07:50]  He didn't speak in ghetto like he does now on MSNBC.
[00:07:54]  He was head of the Republican Party.
[00:07:55]  And Tim Miller, yes, that would be Puka Shells or Pearl's Tim Miller.
[00:08:01]  That was his chief spokesman.
[00:08:03]  Tim Miller was the communications director of the Republican National Committee, and Michael Steele was the chairman.
[00:08:12]  So when I say there was controlled opposition, because those guys are left wing Democrats and they show it every day on MSNBC, but they didn't really change.
[00:08:19]  That's what they've always been.
[00:08:21]  They just faked it.
[00:08:22]  And this is what clowns the Republican Party are to kind of put them as the head guys.
[00:08:27]  Did you ever have him on your show back in the old days, Eric?
[00:08:30]  Michael Steele?
[00:08:31]  Tons of times.
[00:08:32]  I did a show where we would do a political panel before the five on Fox Digital.
[00:08:39]  Michael Steele was a regular Thursday guest.
[00:08:41]  The guy was as convincing as could be.
[00:08:45]  And I played the sound by him.
[00:08:46]  I think it was maybe right before you came on last night on the Four O'Clock show.
[00:08:51]  And he literally had the most African American dialect I've ever heard, even worse than when.
[00:08:57]  Kamala brings it out, or worse than when Hillary used to bring it out, or when Biden says, and Chain.
[00:09:04]  It just blows me.
[00:09:06]  Steve, MSNBC is littered with former conservatives.
[00:09:09]  You look at Nicole Wong, one of their highest rated shows, a former Bush press secretary.
[00:09:16]  They like to pick up formers, especially when they like it.
[00:09:20]  No, but it makes the point that they were never, it's why the Republican Party's a controlled opposition.
[00:09:26]  They haven't really changed.
[00:09:27]  They just got a different venue and it can all come out now.
[00:09:30]  I'll tell you what, can we have the Michael Steele thing?
[00:09:32]  Before we talk about the markets, and I got the MSMEC guy there nailed it.
[00:09:38]  Hey, it's three days.
[00:09:38]  We got no one pager, as I kind of predicted here in the war room.
[00:09:42]  Let me play.
[00:09:43]  I got to play Michael Steele again.
[00:09:45]  Here's why so many members of the engine room, heads blown up about Michael Steele.
[00:09:51]  So let's play it.
[00:09:52]  In the year 2052, 2055, 2060, when the country is majority.
[00:10:01]  Minority, meaning more black and brown people are going to be controlling the legislatures and the tentacles of power.
[00:10:10]  White folks are going to find themselves complaining about how they're being redrawn into these minority districts that they now put in place today.
[00:10:20]  And they're going to be asking for the relief that generations of black folks fought and sought for for 60 plus years.
[00:10:30]  So here we find our it's pretty obvious they had no plan B.
[00:10:36]  They never thought the Warren posse and the grassroots and the MAGA movement would say, no, we're going to put our shoulder to the wheel starting in Texas and we're going to do the pregame.
[00:10:45]  The pregame is like the April draft for the NFL.
[00:10:48]  We're going to do the pregame and do redistricting.
[00:10:52]  And so I say, structural content process on the structure side, we're hammering them.
[00:10:58]  Your thoughts about that, Eric?
[00:11:00]  Yeah.
[00:11:00]  First of all, Michael Steele was, I mean, I think it was Georgetown or Harvard, one of the major universities.
[00:11:06]  He was for 10 years, 15 years on TV.
[00:11:08]  He never had this control in without the G and white folk gonna really come on, Michael.
[00:11:15]  What is this?
[00:11:16]  You're panting.
[00:11:17]  All right, as far as redistricting, you know what?
[00:11:20]  Politico had to come clean.
[00:11:22]  And I think the headline, I'm pretty sure it's Politico Axios, and come clean and say it's a disaster for the Democrats, something they didn't see coming.
[00:11:29]  They didn't see Virginia, they didn't see uh, uh, that Sanders down here in Florida pushing it forward quickly.
[00:11:36]  And so, there is a real feel that.
[00:11:40]  Caroline ran on your show yesterday talking about how we can get to 216.
[00:11:45]  You just got to spend a lot of money.
[00:11:46]  And as she pointed out, I had her on also with your blessing, of course.
[00:11:52]  She pointed out, and I asked her how much is for one seat.
[00:11:55]  I mean, I know every state is different, everyone has different numbers, but we came to a number.
[00:12:01]  She said it could be upwards of, you know, $30, $35 million for a seat.
[00:12:05]  And she said, just think about that, though.
[00:12:07]  One seat could make the difference between Hakeem Jeffries or whoever may be the Speaker of the House if we retain the House.
[00:12:13]  So, because I'm not sure, I'm not sure Speaker Johnson or Thune should even be around after midterms, but whatever, that's my opinion.
[00:12:21]  So, the redistricting, Redistricting thing that the Democrats thought they were so proud of with Hopkins Jeffries, you know, saying that the Republicans screwed up.
[00:12:31]  I think they were a little, what is it, when George Bush said mission accomplished, a little, just a smidge too early?
[00:12:39]  No, Politico had the story.
[00:12:40]  I went back to my notes and they had a story, I think it was the 27th or 28th, of how Democrats had turned the tables and now they were ascended in this redistricting thing, they were going to win.
[00:12:51]  And lo and behold, you know, reality hit.
[00:12:54]  What shocks me is they don't have a plan B.
[00:12:56]  I think it's going to be more than 30 or 35 million.
[00:12:58]  This is going to come down to a handful of seats.
[00:13:00]  Like, for instance, in Virginia, we're going to have a young man who's running for the state Senate the year after, but they're getting ready for the ground game now.
[00:13:09]  You have to hold those four seats.
[00:13:10]  Two of those seats are going to be tough, right?
[00:13:12]  Two of those seats are going to be tough in Virginia, but we got to hold them now that we got the structural part behind us.
[00:13:17]  You've got to actually hold them.
[00:13:18]  So it's going to be intense.
[00:13:19]  It will come down to seven or eight seats, I think.
[00:13:22]  And I think you're going to see $50 million because think about it the entire House of Representatives, which obviously has immense power.
[00:13:30]  Particularly in this regard, because they're coming for Trump.
[00:13:32]  If they just take it by one seat, they don't care.
[00:13:34]  The Democrats play smash mouth.
[00:13:36]  They're not, you know, if they take it by one seat, they're going to roll hard, Eric.
[00:13:40]  And so this is going to be quite intense.
[00:13:43]  But, and we still got a lot to go.
[00:13:45]  Louisiana, we still got one more to pick up.
[00:13:47]  Alabama, still one more to pick up.
[00:13:49]  South Carolina.
[00:13:50]  So there's still seats in play, like you said, could get us to two seats in the team.
[00:13:54]  South Carolina scares me because I lived there for three years, very, very red state.
[00:13:58]  And with the chat with Caroline yesterday, she said there's a lot of.
[00:14:02]  You know, folks who call themselves conservatives who may not be.
[00:14:04]  And that, I think, is fairly common, especially, you know, state houses at least, and possibly U.S. representatives as well, you know, just to get elected.
[00:14:13]  So, South Carolina, if you run as a D, you're likely not going to get elected.
[00:14:17]  So, you run as an R, but you're really a D.
[00:14:19]  And that scares me.

=== Redistricting Battle Intensifies (15:16) ===

[00:14:21]  You know, Indiana, Mike Pence had a lot of control over Indiana and got those folks to push back.
[00:14:26]  But she did say there's going to be another fight for Indiana, but it's going to happen after the midterms.
[00:14:31]  Yeah, no.
[00:14:32]  The South Carolina, Georgia, the establishment of those republics.
[00:14:35]  Republican parties and the grassroots will tell you this are infected with Bushism.
[00:14:40]  The Bushes, the Bush apparatus, the Karl Rove Bush apparatus has a lot of say so in the establishments of both South Carolina and Georgia.
[00:14:47]  That's why Kemp is kind of a Bush clone.
[00:14:50]  Anyway, short break.
[00:14:51]  Eric Bowling, we're going to talk about do we have a deal, deal or no deal, next in the War Room.
[00:14:58]  War Room.
[00:15:00]  Here's your host, Stephen K. Bannon.
[00:15:05]  We had, let me cut that up and play that again on Monday.
[00:15:09]  We had, Philip Patrick last night talking about the structural changes he thinks and the Birch Gold guys think are coming to the gold market, the still massive purchase of gold by central banks.
[00:15:19]  And he says they ain't buying it for yield.
[00:15:22]  They're buying it just to hold, even at the prices, you know, the prices near an all time high.
[00:15:28]  He said that is a big deal and he does not think that will stop anytime soon.
[00:15:35]  Birchgold.com, promo code Bannon, end of the dollar empire.
[00:15:38]  Most important, get to Philip Patrick in the team.
[00:15:40]  All the information.
[00:15:42]  We have up at Birch Gold.
[00:15:43]  It's obviously free, no obligation.
[00:15:46]  We're there with the Birch Gold guys to teach you.
[00:15:49]  Pattern recognition is not the price of gold.
[00:15:51]  It's the process that drives the value.
[00:15:53]  Learn that today with the folks at Birch Gold.
[00:15:55]  Go talk to Philip Patrick and the team, particularly about these central banks buying gold at all time rates.
[00:16:01]  Okay.
[00:16:01]  The economic numbers came out yesterday on employment and others.
[00:16:05]  I'm going to get EJ and Tony's going to join me momentarily.
[00:16:07]  I'll get to bowling also on his thoughts as a trader.
[00:16:11]  But first off, Eric, I think it's 72 hours.
[00:16:14]  We don't have a one pager.
[00:16:16]  I think we were lighting up some guys last night.
[00:16:18]  We hit a tanker.
[00:16:21]  I think we boarded, but.
[00:16:23]  When a ceasefire is not over, are the Iranians now playing with the United States?
[00:16:30]  Are they playing games, sir?
[00:16:33]  I think, as we've been talking all along, Steve, I think the Iranians are in it for the long haul.
[00:16:39]  They want martyrdom as their greatest sacrifice in the life of 72 virgins as they died for the cause, so to speak, taking down the evil giant America and the mini giant Israel.
[00:16:49]  So I believe they're going to continue this.
[00:16:51]  And especially, I don't know where this came from, Steve.
[00:16:54]  Yesterday, the CIA.
[00:16:56]  Our CIA put out a report.
[00:16:58]  Why the hell would they do this now?
[00:17:00]  That these people are.
[00:17:01]  Because it's a deep state.
[00:17:03]  It's the deep state leaking on Trump.
[00:17:06]  It's amazing, isn't it?
[00:17:07]  Iranians will be capable to hold off the blockade for several months.
[00:17:10]  Where's what several months put you?
[00:17:11]  The midterm elections.
[00:17:13]  It's insane that the CIA would be that ridiculous to put this out.
[00:17:17]  You got there.
[00:17:17]  Hang on.
[00:17:19]  Connect.
[00:17:20]  This is a warning shot to Trump.
[00:17:22]  This is a love tap.
[00:17:24]  President Trump said we gave the Iranians a love tap.
[00:17:25]  This is a love tap to President Trump about the Brennan.
[00:17:29]  Prosecution in South Florida.
[00:17:31]  The deep state is they're Brennan's guys.
[00:17:33]  That's the only reason they would leak this, right, is to put more pressure on the administration and make it look like Trump doesn't know what he's doing, right?
[00:17:40]  And actually say, hey, this is going to last all the way to the midterms.
[00:17:44]  You agree with that?
[00:17:46]  Yes.
[00:17:47]  And by the way, you mentioned leaks.
[00:17:49]  I've looked, this shot looks like a Stephen K. Bannon White House senior advisor.
[00:17:54]  Someone's leaking.
[00:17:55]  Bannon calls him into his office and turns the lights out, put a light down his face, and said, what the hell did you leak for?
[00:18:01]  I look, I I not only do we believe it, I think there's a concerted effort to undermine Trump.
[00:18:06]  And as you point out, deep state, a Faddis would know best about that, being a former CIA operative.
[00:18:12]  He knows what, and I think he would agree that that was intentionally placed right now to give the Iranians some sort of wind in their sails, so to speak, so that they do last.
[00:18:21]  Because the longer it lasts, the higher oil stays, the higher gasoline stays, the closer you get to midterm elections, it is a definite drag on certainly independent voters, if not some weak, feckless.
[00:18:35]  Republican voters.
[00:18:36]  So, yeah, it feels like it's all intended to take Trump or MAGA down.
[00:18:42]  What about your thoughts now?
[00:18:45]  They're going through all kinds of perturbation, a bunch of stories coming out.
[00:18:48]  They leave in a couple of days for Beijing.
[00:18:51]  Your thoughts are how's the Iranian situation in your mind going to play into these talks in Beijing?
[00:18:57]  Well, so this is huge.
[00:18:58]  I'll take you through the numbers.
[00:19:00]  I call the guys, my trading guys, and here are the latest three vessels in the last 24 hours.
[00:19:04]  If you take the last few days, a few days ago, Steve, we talked to us.
[00:19:08]  Four vessels then jumped to 11.
[00:19:10]  The very next day was zero, two yesterday, and three today.
[00:19:13]  So the traffic is 95% below what it should be.
[00:19:17]  Japan and South Korea remain the most critical countries with this oil really shortage on that part of the globe.
[00:19:24]  China and India are high.
[00:19:26]  Their heat map is at high.
[00:19:29]  Believe it or not, the United States heat map because of the oil blockade is low, low risk.
[00:19:33]  So that's good news.
[00:19:35]  The war premium to transit the Strait of Hormuz has increased the insurance and whatnot 30 times normal rate.
[00:19:43]  So, before the conflict, the war premium, small amount to transit, it was in the 50 to 60 cents per barrel, right?
[00:19:52]  It's up to $15 to $18 per barrel right now.
[00:19:56]  If you can get it through, that's what the insurance companies are going to charge the transporters.
[00:20:03]  If we were to stay fully disrupted for an extended period of time, that could be an $80 increase in barrels.
[00:20:10]  So, you're talking 150, 160 if it stayed.
[00:20:13]  I don't think it's going to stay.
[00:20:14]  Something very important with the Russia ceasefire or Whatever this is, peace talk, whatever this is going to be, Russia produces 9 million barrels of oil per day.
[00:20:22]  They use roughly half of it, but they export half of that as well.
[00:20:26]  Right now, we're embargoing Russian oil in the world market the way we are with Iran.
[00:20:31]  So you bring those barrels on, those would be very, very welcome relief to the general oil market.
[00:20:37]  Again, Steve, we're not susceptible to the strait, but we're susceptible to the rising tide lifting all crude oil barrel boats.
[00:20:46]  Give me your thoughts on the numbers.
[00:20:48]  You heard the employment number yesterday, the top line number.
[00:20:51]  EJ's got some analysis about the internals down the food chain a little bit.
[00:20:56]  What are your thoughts?
[00:20:58]  Yeah.
[00:20:59]  So the headline number, the estimates, the economist estimates were 60,000 increase.
[00:21:04]  We had 130,000, 40,000 increase, which tells you it sounds really good.
[00:21:09]  But as you go into what they're called internals, we look at where the increase in hiring happened.
[00:21:17]  And some people didn't like it.
[00:21:18]  I'll be honest with you, it was pretty limited.
[00:21:20]  In the limit, but where the limit was for me was a very positive sign.
[00:21:26]  Almost all the increase happened in the AI cap spending, capital spending on AI, which, in a time where high energy prices are really strangling the AI development, people are making decisions where to go forward with data centers and such because of the high energy costs, rising energy costs.
[00:21:45]  The AI is draining energy resources.
[00:21:48]  So, even so, in the last month, we were fully in this war in the last month.
[00:21:54]  CapEx spending on AI projects was most of the driver of the economic numbers.
[00:21:58]  So, yeah, you could say the headline was great.
[00:22:00]  Internals weren't great.
[00:22:01]  But for me, the literally the silver lining in this is the fact that because it was CapEx in AI, I'm very, very, it means our economy is resilient, Steve.
[00:22:10]  And don't forget we had a 2% GDP in the middle of this, too.
[00:22:13]  So, things don't look as bad.
[00:22:16]  You see, the reason I love bowling, you're getting the pure trader mentality.
[00:22:20]  That's the trader mentality.
[00:22:21]  Of course, here in the world, we hate data centers.
[00:22:24]  And want a moratorium to put you right.
[00:22:26]  The scary thing was the CapEx number was massive.
[00:22:29]  Eric, where do people get you on social media and your new show?
[00:22:32]  We'll see you back here on Monday to make us smart about what happened over the weekend.
[00:22:36]  Hopefully, we get the one pager with the 21 points.
[00:22:41]  Two things you've been saying.
[00:22:42]  We don't have any allies in the Middle East, and we're not getting the one pager.
[00:22:47]  I go with Stephen K. Bannon's analysis, it ain't going to happen, but find me at Eric Bowling anywhere on social media.
[00:22:53]  Four and a half million people.
[00:22:54]  Love to see you.
[00:22:55]  Love to get your thoughts on what we're doing right here.
[00:22:57]  Steve, have a great weekend.
[00:22:59]  Thank you.
[00:22:59]  I'll be texting you if anything happens.
[00:23:02]  Good.
[00:23:02]  Thank you.
[00:23:02]  Keep me up to date.
[00:23:03]  Eric Bowling, massive social media.
[00:23:06]  His new show is fantastic.
[00:23:07]  Follow Bowling.
[00:23:09]  Yeah, the CapEx number is not good.
[00:23:11]  Although they are reporting that behind the scenes, it's very powerful.
[00:23:17]  Let's go ahead and play.
[00:23:18]  I'm going to play the cold open.
[00:23:19]  And then after the break, I'm going to bring in EJ.
[00:23:21]  Let's go ahead to EJ's cold open.
[00:23:23]  Squawkbox Rick Santelli here live at CMEHQ with the big job jobs report for April.
[00:23:30]  65,000 expected.
[00:23:32]  Nay, nay, nay.
[00:23:33]  We are much stronger.
[00:23:35]  115,000.
[00:23:37]  115.
[00:23:38]  And last month, upward revision from 178 to 185.
[00:23:44]  These are good numbers.
[00:23:46]  Now, if you take the two-month average, we did lose $16,000, so you know it's the month before the last month.
[00:23:53]  And if we look at manufacturing payrolls, they're down $2,000.
[00:23:56]  The reason I'm looking at them, because last month's minus $15,000, positive $15,000, was the best going all the way back to 11 of 23, no of 23, but we are giving a little bit back.
[00:24:09]  All right, let's get involved in the earnings.
[00:24:11]  Month-over-month earnings, light.
[00:24:13]  Two-tenths.
[00:24:14]  We're expecting three-tenths.
[00:24:16]  Two-tenths actually is now a back-to-back number.
[00:24:19]  Two-tenths back-to-back to comp would be 0.1.
[00:24:23]  One-tenth the end of last year.
[00:24:25]  If we look at a year-over-year perspective, also a miss.
[00:24:29]  3.6 versus 3.8.
[00:24:32]  3.6, of course, actually is better than our last look, which is 3.5.
[00:24:37]  That was the lightest since May of 21.
[00:24:39]  So 3.6 comps back up to the 3.8 level in February.
[00:24:44]  Hours worked.
[00:24:45]  This is important.
[00:24:46]  One would think that AI is going to make a difference here.
[00:24:49]  It is moving up.
[00:24:51]  34.3, 34.2 expected.
[00:24:54]  34.2 has been a big common number for most of 25.
[00:24:59]  34.3 was February, January of this year.
[00:25:02]  To find a higher number, you're going all the way back to March of 24.
[00:25:06]  Now, let's look at what I call U3, the unemployment rate.
[00:25:10]  4.3 last month, 4.3 now, 4.3 expected, no change.
[00:25:15]  4.4 is the high watermark for the year, and that was in February.
[00:25:20]  To find a lower number, you're back to mid 25 at 4.1.
[00:25:24]  Okay.
[00:25:26]  EJ, we got about a minute before we go to break.
[00:25:29]  I'm going to hold you.
[00:25:30]  Your thoughts, particularly the top line number.
[00:25:34]  Well, Steve, top line number was great.
[00:25:37]  Always good to see the jobs added beat expectations.
[00:25:41]  But the problem is, after we get past that headline number, as Eric Bowling was saying so articulately, the internals of this report are pretty ugly.
[00:25:50]  For example, if you look at not just the survey of businesses where we get that jobs number from, but you look at the survey of households where you ask folks how many people are actually employed, that number didn't even go up.
[00:26:03]  It actually fell.
[00:26:04]  It fell over 200,000 last month.
[00:26:07]  Now, part of how you can have this disconnect has to do with how many jobs are people actually working.
[00:26:14]  In other words, multiple job holders.
[00:26:16]  What we found in the month of April was that you had a big increase in the number of people who had multiple jobs.
[00:26:22]  And sure enough, if we look at the composition.
[00:26:25]  Of what kinds of jobs were created last month.
[00:26:28]  Full time employment actually fell.
[00:26:30]  All of the net job growth that we saw were part time jobs.
[00:26:34]  So here's the story that the data is essentially telling us.
[00:26:38]  Hang on one second.
[00:26:38]  I want to hold you, I'm going to hold, go to break.
[00:26:41]  We got right now, I want to give you plenty of runway to walk through EJ and Tony, one of the smartest guys around about labor numbers, all next in the worm.
[00:26:59]  Here's your host, Stephen K. Bann.
[00:27:05]  EJ, a lot of, particularly in the engine room, a lot of talk about EJ Antonio, I think for the first time in four or five years, is making an appearance on War Room.
[00:27:15]  He's not in his traditional nice suit, you know, tie, squared away.
[00:27:22]  You're in a fleece.
[00:27:24]  Is this casual Saturday?
[00:27:26]  Is the Saturday morning show more casual to you now?
[00:27:31]  This is on the road because I got to go visit Mama Antonia for Mother's Day weekend.
[00:27:36]  Okay, great.
[00:27:37]  Fantastic response.
[00:27:39]  Thank you, sir.
[00:27:40]  These numbers, talk to me about because I'm quite concerned.
[00:27:44]  We talk about content, we've got structured content processed, content issues we're facing.
[00:27:51]  Besant, Navarro, Jason, Jamison Greer, the president, everybody's focused on the economy.
[00:27:56]  This is one of the reasons we want to wrap this thing up in the Persian Gulf and get back home.
[00:28:02]  What warning signs do you see?
[00:28:04]  Continue on with your issues about not the headline number, but the internals that are right below that.
[00:28:11]  Absolutely.
[00:28:12]  So, Steve, what essentially I think this report is telling us, because look, you got to go through the data and you got to try to basically tell a story that fits every single data point, right?
[00:28:22]  And I think what the data is telling us is that last month, people were faced with exploding prices because of the war with Iran.
[00:28:30]  There's just no other way to put it.
[00:28:32]  And as a result, they went out and they got extra jobs.
[00:28:36]  And look, this is something that we saw that happened under Biden, right?
[00:28:39]  When all of his reckless government policies caused prices to go up.
[00:28:43]  Right now, obviously, it's that oil has increased and that's what's causing the higher burdens on folks.
[00:28:50]  So people went out and they got part time jobs.
[00:28:52]  This is why full time employment went down, but part time employment went up and accounted for all net job growth in April.
[00:29:00]  Also, with multiple job holders going up again, that's somebody who's already got a full time job going out and getting.
[00:29:06]  Another job, a part time job to try to supplement their income.
[00:29:10]  If you look at the credit data that we got most recently, it shows the exact same thing.
[00:29:15]  People were able to increase their spending, mostly on things like gas and diesel, because they exploded how much they were putting on credit cards.
[00:29:25]  So that's what the data is telling us here.
[00:29:28]  So again, you get beyond the headline number and you see things are not that great.
[00:29:33]  If you look at some of the areas that were good, you saw government jobs.

=== Trump Economic Boom Jobs (04:35) ===

[00:29:38]  Continuing to go down.
[00:29:39]  So, at least all net job growth is in the productive private sector, not the unproductive public sector.
[00:29:45]  Additionally, we're continuing to see the construction boom.
[00:29:48]  The CapEx spending that is coming in for AI is helping to, again, fuel that construction industry.
[00:29:56]  You're helping to add blue collar jobs there.
[00:29:59]  So, good news at least on that front.
[00:30:01]  So, it's not all bad.
[00:30:03]  I don't want to make it sound like it's doom and gloom or anything like that.
[00:30:06]  But I do at the same time want to be a realist.
[00:30:08]  I want the War Room posse here to be informed.
[00:30:11]  I want them to know what's actually going on and not just get the rosy talking points.
[00:30:15]  I want to actually continue to be a truth teller here, whether the truth looks good or not.
[00:30:21]  The big, beautiful bill, particularly the supply side part of this of capital spending to expand plant and factory, the green shoots of that in manufacturing jobs, because we were beginning to see some of that before the war.
[00:30:38]  Is that in hibernation now?
[00:30:39]  Is that still rolling along?
[00:30:41]  Because that is quite important.
[00:30:43]  When we talk about content, we talk about hey, you structurally got four seats delivered back to you in the Commonwealth of Virginia.
[00:30:52]  One of those seats is really in play, another one's kind of in play.
[00:30:55]  You're going to have to win all four of those to make sure that we retain the house.
[00:31:00]  To do that, we have to have a robust economy.
[00:31:03]  Are you seeing that right now as we sit here in the first week of May?
[00:31:08]  Well, Steve, what I'm basically seeing is that we're just having to revise down a lot of our growth forecasts for the year because of high oil prices.
[00:31:16]  I mean, look, you can debate whether or not the war with Iran was worth it from a geopolitical or geostrategic or a military point of view.
[00:31:24]  Those are not my areas of expertise.
[00:31:26]  I can't really give you a Yeah, I can't comment on that.
[00:31:28]  All I can tell you is from an economic perspective, the war is a massive drag on the economy because one of the cornerstones of the Trump economic boom, both in his first presidency and then also in his second term, is low energy prices.
[00:31:44]  Case in point, Steve, if you look at all of the data center projects that were actually started on January 1 of this year, fast forward to today, half of them have either been paused or canceled.
[00:31:57]  Now, what's really amazing, and this goes back to something that Eric Bowling was saying earlier.
[00:32:01]  Is that the incredible amount of spending that we are still seeing despite those high prices?
[00:32:07]  I think it is a result of the Trump economic boom.
[00:32:10]  It is a result of the supply side effects of the investment credits that you see in things like the big, beautiful bill.
[00:32:17]  It's a result of the reductions in regulatory burdens that are also decreasing costs that are allowing for these projects to continue to go forward, even in the face of those high energy prices.
[00:32:29]  So, again, you are seeing a construction boom.
[00:32:32]  Which will in the future then lead to a manufacturing boom because you have to actually build the factories first, right?
[00:32:38]  Before they can employ people and before they can actually start producing stuff.
[00:32:42]  So you are setting yourself up for good growth in the future.
[00:32:46]  But again, just the reality on the ground, Steve, I got to be a realist here.
[00:32:51]  The reality on the ground is that these high energy prices are a big damper on the economy right now and they are slowing things down.
[00:32:58]  So again, you still do have growth.
[00:33:01]  You are seeing some projects go forward, but we just have to acknowledge the fact.
[00:33:05]  That you've also seen a lot of projects either paused or canceled because of those high energy prices.
[00:33:12]  And that's why the Persians are figuring out, calculating the pain they're taking, obviously, a lot of pain militarily and politically.
[00:33:20]  They've been hammered.
[00:33:21]  What they're going to foist into the Persian people to stick it out with the pain that they're going to try to put on President Trump and the administration.
[00:33:28]  EJ, your analysis is always brilliant.
[00:33:30]  Where do people go, particularly your Twitter feed?
[00:33:33]  You're keeping people up to date.
[00:33:34]  You're kind of the bomber command for the economy.
[00:33:37]  Where do people go to follow you, sir?
[00:33:41]  Best place is going to be on X, and the handle there is at real EJAntony.
[00:33:46]  And tell Mama Antony, happy Mother's Day, sir.
[00:33:51]  I certainly will, Steve.
[00:33:52]  Thank you for having me.
[00:33:54]  Thank you, brother.
[00:33:56]  The spirit, the esprit de corps now in the grassroots for the victories, and we got a lot of news to report in Texas.
[00:34:02]  Remember, we're heading down to Texas for the early vote and for this runoff with Ken Paxton, which is all kind of rumors now President Trump may endorse.

=== Virginia Democrat Scandal Allegations (06:33) ===

[00:34:13]  Hopefully that doesn't happen.
[00:34:15]  Ken Paxson will win if that doesn't happen, particularly in Cornyn.
[00:34:18]  Scott Pressler is going to be here on Monday.
[00:34:21]  Scott has been in both Indiana and the Commonwealth of Virginia.
[00:34:24]  He's heading to Texas.
[00:34:25]  He's going to get us totally up to date on everything he's working on and talk about his new book that's coming out, The Persistence.
[00:34:31]  I want to go now to the Commonwealth of Virginia.
[00:34:33]  Scott Hamilton.
[00:34:34]  Scott's running for a state Senate seat in the upcoming, and really, I guess, the next cycle.
[00:34:40]  Scott, tell me what has happened at the grassroots level.
[00:34:45]  About this, the decision by the Supreme Court of the Commonwealth, I say, but also this massive grassroots effort to keep this thing competitive.
[00:34:53]  Are people fired up?
[00:34:54]  Are you going to be able to hold all four of the seats that have basically been put back in play by the Supreme Court, sir?
[00:35:04]  Well, God willingly, hopefully, we can hold the seats because the Supreme Court of Virginia has handed us a massive victory by keeping the congressional districts in place.
[00:35:15]  And this was a power grab by Abigail Spamberger, Don Scott, and the criminal thug Louise Lucas.
[00:35:24]  They orchestrated a 10 1 map.
[00:35:27]  And they violated the constitutional process not just once, not just twice, but in four separate occasions.
[00:35:35]  But I read the entire opinion, and the court was spot on.
[00:35:39]  And the main issue that the Virginia Supreme Court has is that early voting began, and there were 1.3 million votes that were cast before the first passage of this constitutional amendment on Halloween of 2025.
[00:35:56]  And there are 15 states.
[00:35:58]  That requires passage of an amendment in two separate General Assembly sessions.
[00:36:03]  And Virginia, of course, is one of those.
[00:36:06]  And what happened is that you have 1.3 million Virginians who are essentially disenfranchised.
[00:36:12]  They didn't have a chance to cast a vote, whether they supported this amendment or not.
[00:36:17]  And of course, the second passage occurred in January of this year.
[00:36:21]  And none of the, well, there were special elections for certain members of the House, the delegates, and for Senate.
[00:36:28]  Particularly for Ghazala Hashmi, you know, we need to find a replacement for her because she left her ascendancy serving as lieutenant governor.
[00:36:37]  And, you know, the court ruled that we can't disenfranchise 1.3 million Virginians to pass a constitutional amendment.
[00:36:49]  Talk to me about, we haven't had time to cover Lucas.
[00:36:54]  We've talked about Spanberger, and she's a CAA operative that, you know, governs as an authoritarian thug.
[00:37:01]  Tell me about Lucas for a second.
[00:37:02]  Our audience doesn't know much about her except for the fact the FBI, you know, she's got a big mouth.
[00:37:07]  She's been very aggressive in going after Trump and MAGA.
[00:37:13]  But the FBI raided, I guess, her house and her business.
[00:37:16]  Who is she and what is she like?
[00:37:20]  Well, I've been bumping heads with Louise Lucas for a while now.
[00:37:24]  There was a Senate hearing.
[00:37:27]  This is back in 2021.
[00:37:29]  So we had former Senator Amanda Chase, who was there.
[00:37:33]  And we had many other folks who were affected by the COVID vaccine, and of course, the COVID illness that was still around at the time.
[00:37:45]  We were pretty much in the height of the pandemic.
[00:37:48]  And what the issue was at the time is that there was a bill that Senator Amanda Chase put forth to make it so that pharmacists could not deny ivermectin prescriptions to those who got them from their doctors in the Commonwealth of Virginia.
[00:38:06]  Now, Louise Lucas, instead of hearing those individuals who had lost family members due to the COVID, who did not have access to ivermectin, she was not concerned about any of those voices.
[00:38:19]  What she did is that she shut down the hearing and said, Well, we're just not going to do this anymore.
[00:38:25]  And Amanda Chase had a press briefing.
[00:38:30]  We have various reporters over there talking about how Louise Lucas was not interested in hearing about alternative ways to combat this COVID.
[00:38:40]  And that's just one of the many issues where Louise Lucas has been wrong on.
[00:38:44]  And of course, when Governor Youngkin was in office, you know, she said, oh, we're putting this effing bill in the trash.
[00:38:51]  I mean, she's just a vulgar gangster.
[00:38:53]  I mean, you see it from her demeanor, the way she speaks.
[00:38:57]  And she even said it's Abigail Spamberger's inauguration party 10 F in one, 10 F in one.
[00:39:04]  She was shouting it several times.
[00:39:06]  And this is kind of the woman that she is.
[00:39:08]  Now, I wasn't surprised that the FBI invaded her places of business.
[00:39:14]  I mean, there are allegations that she was selling untested marijuana.
[00:39:20]  And of course, since Biden's America, we've had.
[00:39:24]  Marijuana has been laced with marijuana.
[00:39:27]  Marijuana has been laced with fentanyl and it's caused deaths in America.
[00:39:33]  And to have untested marijuana and you're selling it to people in the Commonwealth of Virginia, I mean, that's a serious problem.
[00:39:41]  And there's also runs various other issues.
[00:39:45]  Is it Medicaid and Medicare fraud also?
[00:39:47]  I think potentially.
[00:39:49]  Potentially, yes.
[00:39:50]  Yeah.
[00:39:51]  Because she runs multiple senior homes and that's another issue.
[00:39:55]  And I've also heard too that.
[00:39:58]  That she has had her employees register people with dementia and other severe cognitive disabilities inside of her senior homes.
[00:40:09]  And that's a problem.
[00:40:10]  Philip, we got to bounce.
[00:40:12]  Where do people go to find out more about your campaign, more about you, more about the grassroots in the Commonwealth of Virginia?
[00:40:18]  They can go to Hamilton for VA Senate.com.
[00:40:22]  You can find me on Facebook at Hamilton for Virginia Senate.
[00:40:25]  And you can also go to my ex, which is Hamilton for Virginia.
[00:40:30]  Thank you and God bless.
[00:40:32]  That X account's good if you want to keep up with Louise Lucas.
[00:40:35]  I mean, it's really shocking when you go to Phillips and other accounts, to Lois Stallman, look at all the grassroots people.
[00:40:41]  When they look at these Virginia Democrats, it is a thug party.
[00:40:45]  It's a gangster party.

=== UK Reform Labour System (08:07) ===

[00:40:47]  They got chop block.
[00:40:48]  Now it's time for us to perform.
[00:40:49]  We got to hold those four seats in the Commonwealth.
[00:40:52]  Short commercial break back in the War Room on a Saturday in a moment.
[00:40:58]  War Room.
[00:40:59]  Here's your host, Stephen K. Bann.
[00:41:05]  We had Philip on last night.
[00:41:07]  I'll break that down again on Monday because it was so fascinating.
[00:41:10]  Philip Patrick talking about the central bank still buying gold at virtually record rates for another quarter.
[00:41:15]  We just got the first quarter number.
[00:41:16]  And this is now an expansion of central banks.
[00:41:20]  So I think all of you got to be up to speed on this.
[00:41:22]  One of the easy ways to do it text Bannon, B A N N O N, at 989898.
[00:41:28]  You get a free guide, no obligation for investing in gold and precious metals in the age of.
[00:41:33]  Of Trump, and you get access to Philip Patrick's team.
[00:41:36]  That is the key thing.
[00:41:37]  It's not the price, it's the process that drives the value.
[00:41:39]  Pattern recognition.
[00:41:41]  Make sure that you dive in and start to learn that.
[00:41:45]  Philip Patrick and his team at Birch Gold will be your guides to that.
[00:41:48]  Okay, I've got a long cold open on Nigel Farage.
[00:41:52]  I want to play right now.
[00:41:52]  I've got Peter McIlvaney, Ben Harnwell, probably at the top of the hour.
[00:41:56]  Let's go ahead and play this.
[00:41:57]  I want to get this over.
[00:41:57]  It gets up to speed on what's happened.
[00:41:59]  Raheem Kassam would be with us, but Raheem is.
[00:42:03]  Pub hopping today.
[00:42:05]  He's going to join us Monday for a complete and total analysis.
[00:42:09]  Nigel Farage and what happened in the UK the other day.
[00:42:13]  Good morning, everybody.
[00:42:15]  I am delighted to be here in the sunshine outside Havering Town Hall, which I can now say is under new management.
[00:42:26]  And I'm absolutely right.
[00:42:29]  And it's significant.
[00:42:30]  It's our first win of a borough in London.
[00:42:34]  And that, in some ways, goes against the trend.
[00:42:36]  Because the pattern that's emerging over the country is that Labour are being wiped out by reform in many of their most traditional areas.
[00:42:45]  And what you're going to see later on today is the Conservative Party being wiped out in their heartlands like Essex.
[00:42:53]  So London goes a bit against the trend in that the Conservatives and Labour have held up in some of the other boroughs.
[00:42:59]  But I think overall what's happened is a truly historic shift in British politics.
[00:43:05]  We've been so used to thinking about politics in terms of left and right.
[00:43:09]  And yet what reform are able to do is to win in areas that have always been Conservative.
[00:43:14]  But equally, we're proving in a big way.
[00:43:16]  We can win in areas that Labour have dominated, frankly, since the end of World War I. At the moment, we're winning one in three of all the seats that are up, but I genuinely think the best is yet to come.
[00:43:30]  I'm very excited about the North East results, the Yorkshire results, some more to come in the West Midlands.
[00:43:38]  Essex, we're feeling supremely confident, and that's significant given that half the Shedder Cabinet have seats in Essex.
[00:43:46]  So it's a big, big day.
[00:43:49]  It's a big, big day, not just for our party, but for a complete reshaping of British politics in every way.
[00:43:55]  And it all goes to show that over the course of the last two years, since we made that breakthrough in the general election, we have professionalised the party.
[00:44:06]  We've done it at a very, very rapid rate.
[00:44:09]  I'm thrilled and delighted.
[00:44:11]  Do you think reform can corral enough support from the electorate to actually get enough seats in the Commons to make Nigel Farage Prime Minister?
[00:44:21]  That is a very, very good question.
[00:44:23]  And then you go back sort of historically, the Liberal Democrats had exactly the same problem where they had their voter support was very deep in specific areas but did not translate across the country.
[00:44:36]  And what we have here is the Farage support base is also centred, although I would say that in his case, it is centred, it is a broader swathe of areas in which it does have support, which gives it a.
[00:44:54]  Better chance, but I do take the point you're making, and it is indeed an extremely valid one, which is that under our present first past the post system, it was always weighted towards keeping the big parties, let's say the Tories and the Labour Party, in and everyone else out.
[00:45:13]  Would that change?
[00:45:14]  Again, we have to wait to see.
[00:45:16]  There's nothing more divisive than treating the British people like second class citizens in their own country.
[00:45:20]  There's nothing more divisive than what we've got with a policy of open borders, a policy of mass uncontrolled immigration, scrapping.
[00:45:26]  Trying to scrap jury trials, trying to shut down people's free speech.
[00:45:30]  The reason that we at Reform are doing so well today, the reason that we are reshaping the map of British politics, is because we've connected with the decent majority of hardworking, taxpaying, law abiding British people who have had enough of being treated like second class citizens in their own country.
[00:45:49]  Labour have clearly become disconnected from Britain, Keir Starmer especially.
[00:45:55]  The Conservative Party, the brand is visibly disconnected.
[00:45:59]  Dying.
[00:46:00]  And what's remarkable to me is the reach of reform.
[00:46:03]  It's not just down the east coast of England, Essex and Kent anymore.
[00:46:08]  It's into the northern Labour heartlands.
[00:46:10]  It's into Wales.
[00:46:11]  It's Angela Rayner watching all of those seats in Tameside go reform, where, of course, we ran the Gorton and Denton by election.
[00:46:18]  That's the legacy of that by election.
[00:46:20]  But also, it's Lisa Nandi, who has been very critical of reform.
[00:46:24]  You know, Lisa Nandi called reform a fascist party not that long ago.
[00:46:27]  Well, Lisa Nandi just woke up and discovered that we just won every single seat but one in Wigan.
[00:46:33]  One of the strongest Labour heartlands.
[00:46:35]  So, this is unprecedented stuff.
[00:46:37]  If we're not there, then people are either going to simply stay home or vote for reform in the desperate attempt to get some change.
[00:46:44]  So, the idea that you can simply add up the Labour votes and the Green votes and assume that that would make some sort of total is just not actually the way that voters think, the way that voters act.
[00:46:55]  But how desperate are you to keep Nigel Farage out of number 10?
[00:46:59]  Well, I mean, we are aiming to keep building.
[00:47:03]  We're seeing an increasing number of seats where we are keeping reform out.
[00:47:08]  I mean, we haven't yet mentioned the wonderful results in Wales where we've got our first Senate's members and the second one of those was elected.
[00:47:15]  By keeping out a reform, a potential Senate member.
[00:47:18]  I mean, we're doing great guns.
[00:47:19]  We still haven't got the final results, but in Scotland, we've just won our first constituency seat in Scotland, something we've never done before, and there's going to be some very good Scottish results that we haven't got yet.
[00:47:31]  So, our aim is to see, as people are increasingly seeing, that this next election is going to be a struggle between Green and Reform.
[00:47:39]  We're the party of hope, they're the party of fear.
[00:47:41]  But the electoral system doesn't work in your favour for that, does it?
[00:47:44]  I mean, you know, Nigel Farage and Reform has reached a tipping point.
[00:47:48]  So, they're now benefiting from the first past the post system.
[00:47:51]  You're still mired in it.
[00:47:53]  And inevitably, you're going to have to encourage people to vote tactically or do some kind of shady deals with Labour to try and keep out Nigel Farage, if that's what you want to do.
[00:48:03]  I've only got to name one seat in one parliamentary by election in answer to that, which is Gorton and Denton, where we told people to vote green, keep reform out.
[00:48:11]  And that's exactly what happened.
[00:48:14]  Okay, Matthew Goodwin, who you know, we've had, I've talked a lot about, and with on the show.
[00:48:19]  He's been on Ben Harnwell's also.
[00:48:21]  He's the.
[00:48:22]  Really, one of the populist leaders, a professor over there.
[00:48:25]  What he said plays directly to the heart of where America is in politics.
[00:48:32]  Because this is why Brexit was a forerunner of President Trump's victory in 2016, the reason we worked so hard on Brexit.
[00:48:39]  Raheem Gassan went over there and virtually ran it for Nigel.
[00:48:43]  People are tired of being second class citizens in their own country.
[00:48:47]  That message, loud and clear from England.
[00:48:51]  Will it come to the United States?
[00:48:52]  We'll discuss next in the war room.