Trish Regan analyzes market reactions to U.S. strikes in Iran, noting an 8.3% oil price drop as investors hope for peace. She contrasts Walmart's "Anti Prime Day" against MAGA boycotts led by Christy Walton with McDonald's facing left-wing protests on June 24th over DEI removals. The episode concludes by projecting Zohran Mamdani's primary victory in NYC, warning his tax hikes could drive capital to Florida and devastate the city's economy while benefiting Ron DeSantis. [Automatically generated summary]
Transcriber: CohereLabs/cohere-transcribe-03-2026, Qwen/Qwen3-ForcedAligner-0.6B, sat-12l-sm, and large-v3-turbo
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Walmart Faces Tariff Backlash00:15:30
And we're live.
Wow.
What a weekend we have had, ladies and gentlemen.
We'll get to all that.
We want to get to some of the market reaction.
Oil prices actually amazingly lower as the world really prays for peace at this moment.
This is the Trish Regan Show.
And I am at my family's house, at my parents' house, away in the good old live free or die state, hence the ad hoc studio setup.
But it's working, right?
It's working.
Good to have you all here.
Lots going on, right?
Welcome.
Welcome to the show.
Don't forget to subscribe, share, like, all that good stuff.
We get some headlines to get to.
Walmart is trying to thwart that boycott that we've been talking about.
You know, all those MAGA people are getting a little upset that the fancy heiress is too good for anyone, right?
You know, she's been out there with some advertisements, shall we say, regarding that whole New Kings thing.
And that's not sitting well with Walmart shoppers.
So Walmart is firing back with some creative ways to try and bring shoppers back in.
We'll get to that.
Meanwhile, McDonald's facing its own kind of boycott, although this one's coming from the Libs.
They're kind of upset that, well, that, that, Well, they've been upset at Walmart too.
It's like, you know, pick your poison for goodness sakes.
They're upset because McDonald's is not doing enough with DEI.
So there's that going on.
As I mentioned, oil prices are remarkably lower.
The market is very strong in the face of what happened over the weekend.
We'll get to those developments.
But a lot of hope right now that maybe we actually have a shot at peace.
Imagine that, right?
Donald Trump daring to go where so many presidents have not dared to go before.
We also have a New York City mayoral election that's going to be happening.
Hours from now, at least the primary, and the guy that they think is going to win.
Well, I'll just say this I'm with DeSantis.
He thinks that real estate in Florida is about to go up even higher, and I think he might be right.
If this guy pulls it off, all bets are off.
Welcome again to the show.
Don't forget to subscribe, share, and like.
And I am watching you all in real time so I can see all the comments and we'll be getting to them.
Guys, Walmart is really up against it.
You see, this boycott is no joke.
I mean, really and truly no joke.
We've talked about this before, right?
The power of the conservative voice and people in the GOP.
Specifically, real MAGA folks, right?
Didn't appreciate what went down recently, 10 days ago with the MAGA sort of slight.
If you would, more than a slight, you had the heiress, the woman who's got billions of dollars, like $18 billion that she is worth, coming out and taking a full page ad in the New York Times because she wanted to encourage people to protest against Trump.
Well, what has happened?
People are protesting against Walmart.
Oh, yeah.
You know, they were already kind of sick of Walmart because Donald Trump was like, hey, Walmart, you're going to eat those tariffs after Walmart said, hey, we're going to raise.
Prices.
So you got a few things going on.
And I'll tell you, she really picked the wrong crowd to take issue with.
And the company knows this.
Okay.
The company really and truly knows this.
And so what are they going to do?
They're going to eat the tariffs.
Yes, they are going to eat the tariffs.
That news just coming today, just a short time ago, a couple of hours ago, as they made an announcement here, a plan, if you would, a plan to, well, bring prices down for everyday consumers.
I guess that means they really are eating the tariffs, so to speak.
This is Donald Trump wanted them to do.
Anti Prime Day is what they're calling it.
You see, Amazon has its Prime Day.
And so this is their version of the Anti Prime Day where they're going to try and outdo Amazon.
With better and better deals.
Again, trying to lure back all those MAGA shoppers that were like, we don't want anything to do with this.
We went through some of these tweets.
I mean, people are really, really mad.
And so, as we look at the stock price right now, I got to tell you, it is higher at this moment.
And part of that is what we're seeing overall in the market, right?
The market having this sort of sense of relief that maybe things might actually be coming to a strong and good and peaceful resolution there in the Middle East.
And as a result of that, you have oil moving lower.
Which is sort of the antithesis of what people would think would happen.
And in addition, you have the market higher.
So, this is actually really good news, I think, for the economy.
But as I look at what Barron's was saying just the other day, you had the longest stretch, the longest stretch for shares of Walmart in 20 years with the company just going down, And why was it going down, It was going down because the heiress to Walmart decided to get clever and put this big ad in the New York Times.
I'm really Close to the camera today.
Sorry, this is the makeshift studio that we're dealing with.
So you get to see me right up close and in person.
Anyway, the Walmart heiress breaking ranks, joining that anti Trump movement.
And that was a big deal.
Here she is.
She was married to actually the son of Sam Walton, who was the founder, of course, of the company and used to pride himself on American made.
Remember until, well, I guess the 90s came around in China, all of a sudden started making everything.
And so this company has such a tradition and she enjoys the lifestyle that she enjoys.
Let's be honest.
Why?
Because of the conservative base that shops at Walmart.
So, you really don't want to tick us off now, do you?
Right?
Because, you know, we mean business.
I think that we showed that, did we not, with the Bud Light situation?
And we showed it with Target.
And so, the company, to its credit, is like, whoa.
So, they're running from her as fast as they can.
I mean, they even put out a statement within minutes saying, we condemn violence, including when it's directed towards law enforcement and damaging a property.
As a company with associates and customers in the Los Angeles region, we remain focused on their safety and that of the impacted associates.
This is when the No King's protests were happening.
This is by Representative, uh, rather Vice President Dan Bartlett from Walmart, who went on to say the advertisements from Christy Walton are in no way connected, nor are they endorsed.
That's that's tough, right?
Christy, get with the program.
They're like, hey, you know what?
You know, you're lucky you got two percent of the company, but she's not on the board and she doesn't play any role in the decision making at Walmart.
And so now the company's like, gosh, you know, we don't want this to take off in any way, shape, or form.
So, what are we going to do?
We're going to put in our anti prime day.
We're going to go head to head.
They've tried it before, but apparently the sales are better than ever.
I don't know if it's going to work because actually I think that MAGA voters aren't really that motivated by money.
I mean, really?
At the end of the day, sure, they like a good deal.
Right?
Who doesn't like a good deal?
But simultaneously, there's a lot of anger and frustration directed at this woman.
She has a history of donating to very liberal projects, including, look at that, the Lincoln Project.
Conservative group opposed to Trump.
She was the host of a fundraiser in Jackson Hole for Kamala Harris' presidential campaign.
Historically, you really haven't seen Walmart folks get into politics like that, but she did so.
And look, I mean, the reality is she's paying the price.
The company's paying the price, or at least it did for 10 days.
I think right now, at this particular moment in time, as we watch this recovery in the markets, that's super exciting to see.
I mean, the natural sort of expectation that many people had was you know what?
Things are going to be kind of dicey.
They're going to be kind of tough.
And what do you know?
We got a market, Dow Jones Industrial Average, that's up 8 tenths of a percent, SP trading up almost 1%, NASDAQ up almost 1%.
Why?
Because people are like, okay, you know what?
He's willing to do something that actually might really make a difference in the course of history.
Don't forget, a lot of presidents had this opportunity.
Nobody, thank goodness, you know, nobody was killed.
They just went in there and with such precision that, you know, there was no air defense, obviously, in Iran over the weekend.
I was at my cousin's house nearby in New Hampshire when I got the news, and we were just like, wow, this is really a very Aggressive move, brave move in the sense that it's kind of one of those risks, but a calculated risk.
And so he's making a calculated risk that in Iran without nuclear capability is a safer world for all of us.
And that was the goal there as they went to take out that nuclear capability.
So it's really pretty fascinating.
We're in the early stages, early, early, early stages, of course, of all of this.
And there's going to be much more to come.
But what I would say in terms of Walmart shares, yeah, they may suffer a boycott.
People may be angry.
They may not go back even for the good deals that you're going to get in the prime, anti prime days.
However, they're also going to benefit from these lower oil prices if these stick.
And this sense that who's really going to be in trouble here?
It might actually be China when you think about it, right?
Because the Straits of Hormuz, all the oil that comes through that, you're talking about, well, 20% of the global oil supply that comes through there.
And if Iran decides to block it, I'm not so sure they would, because that's kind of one of those, you know, Hail Mary kind of moves.
If they block that, then they're cutting off their nose to spite their face because then they don't get any revenue, right, from the oil as well.
And it also signals to the international community that they don't want to come on board and play ball.
So, again, as we look at shares of Walmart, they are trying, the management team there is trying to say, okay, let's extend an olive branch to the Trump community.
Let's try and figure out how we can do this, how we can eat the tariffs.
Really and truly, I mean, that's what's amazing here.
Donald Trump writing recently on True Social, Walmart should stop trying to blame tariffs.
Don't forget, they did that on an earnings call.
They were like, look, the tariffs are going to cost more money, we're going to have to inflate prices, et cetera.
Stop trying to blame tariffs as the reason for raising prices throughout the chain.
Walmart made billions of dollars, he said last year, far more than expected between Walmart and China.
They should, as it is said, eat the tariffs and not charge valued customers anything.
I'll be watching, and so will your customers.
So he made a big point of this.
The media is like, oh, well, they can't eat the tariffs, right?
I think share prices were reacting to this in addition to the boycott.
Besant went on television, NBC, and said, you bet they can eat the tariffs and they're going to eat the tariffs.
And hey, you know what we learned today?
They're eating the tariffs.
The tax cuts as well.
But let me ask you about Walmart.
This big news from Walmart.
It says it will start raising prices on its consumers, Mr. Secretary, as early as this month due to the tariffs.
Now, President Trump out with a very stern warning on social media saying Walmart, quote, should eat the tariffs, adding the company made far more than expected last year.
Is the president asking American companies to be less profitable?
I was on the phone with.
Doug McMillan, the CEO of Walmart, yesterday.
And Walmart is, in fact, going to, as you describe it, eat some of the tariffs that just as they did in 18, 19, and 20.
The other thing, though, that we are seeing that Doug passed along to me, that with their consumer, the single most important thing is the gasoline price.
And gasoline prices have collapsed under President Trump.
So we are, we are seeing that.
The other thing that will happen, uh, that is a direct tax cut for consumers.
Then the transportation costs are also a big input.
So let's see what happens.
What you're describing was Walmart's earnings call.
The other thing that companies have to do, they have to give the worst case scenario so that they're not sued.
So, you know, I, I think overall we are seeing a decline in services inflation and I, We saw inflation come down for the first time in four years.
Boom!
Well, you know, in my conversation.
Here's the amazing thing, you guys.
Even though we're looking at this increasing controversy overseas, and I know it's really too early, you can't count your chickens before they hatch.
I get it, I get it, I get it.
But just judging by market reaction today, there's a hope and an expectation that this is going to be good for the United States.
And so, yeah, Walmart is actually trading up almost 2%, 1.78%.
So they're doing a couple of things.
One, they're eating the tariffs, right?
They're coming out with all the, you know, they're going to go head to head with Amazon and come up with better prices for Prime Day.
They are distancing themselves as much as they can from that heiress who made those comments.
And then there's the other reality that this actually, what we saw happen over the weekend, may actually bode very, very well for oil prices.
Don't forget as well that the U.S. itself has been aggressively working, especially within the fracking industry, over the last several years.
And since Donald Trump came into office and said, We're going to open it up.
You know what?
Drill, drill, drill, baby.
That means that the U.S. has better.
Energy independence.
And that's a big deal, too, right?
Really, really big deal.
I'm just looking at shares of Walmart.
This is actually as of Friday.
So, one of the great things that we're seeing today is that, you know, whether you want to say it's great or not, I get it.
Like, people are annoyed with Walmart and maybe you're boycotting them.
But I'm getting outside of the Walmart shares here for just a minute and thinking in a very macro terminology because, from a macro standpoint, right, we want all companies to do well and we want the ability of all of them to succeed.
Let me see if I can bring this to you.
This is kind of an interesting chart.
This was in the Wall Street Journal this morning, and it shows you here 1977 pre Iranian revolution, just exactly what the U.S. had in terms of net imports on petroleum and refined products per capita in barrels.
And you can see that we weren't, you know, we were in bad shape.
We needed to import everything we could from overseas.
And even when you go to the Gulf War, we were very, very dependent, even in the Iraq War.
And then all of a sudden, look at today, we have become a net exporter of energy.
In other words, we have plenty here, we have enough, and that.
Is a huge plus, especially when we're dealing with what we're dealing with right now.
Again, I just want to say, you know, my heart goes out to everyone there, to our service members over there.
You know, of course, of the strike in Qatar, and that, at least from what we know right now, no individuals were hurt in that.
So, very good news.
And it's being viewed as a bit of a de escalation, right?
A de escalation because they admitted when they announced the news, Aranda.
That no one had been hurt.
So that's lots of good things.
Again, 10 straight days of decline for Walmart.
They're reversing some of that right now.
Again, as the world, I think, becomes more optimistic, more and more optimistic.
It's something that we're talking about in today's edition of 76 Research.
I encourage you to get my newsletter there.
Rob and I write 76 Research.
We have a little financial firm, my very good friend of many years and brilliant investor.
Boycott Becomes De-escalation00:04:53
And there's a lot of good ideas for you there.
And it will help you make sense of what's going on because this is, I think, just a wonderful sort of moment in time when you see everybody on the same page.
Well, that is except for, you know, Alexandria Ocasio Cortez and a few sort of uber liberal progressives.
But I think the expectation and the hope is that.
We're going to actually come to some sort of peaceful resolution here, and you're going to be able to contain what was very much a concern and a crisis point in the Middle East.
I want to go over to McDonald's right now.
McDonald's suffering a boycott of its own.
Can you believe this one?
This is a different kind of boycott.
This is not one of the MAGA style boycotts, so we don't know if it's really going to have the same kind of sticking power, shall we say.
But it is a company that decided to get rid of its DEI program because of the 2023 Supreme Court ruling and the reality that.
Somebody else is in charge of the White House, and they're actually going to hold companies responsible.
So, if you're putting in, like ABC, all these DEI programs, they're even going back in history and saying, Hey, did you used to do this?
And if so, we're going to hold you responsible for that.
You know, the FCC has launched that investigation into Disney.
So, McDonald's is trying to distance itself, and that doesn't sit so well with some members of the liberal crowd.
It's why they got a nationwide protest going on, a boycott planned for this week, June 24th.
And so, this is all because, oh gosh darn it, they got rid of DEI.
So, they're going on an economic blackout tour.
The People's Union, it's called.
They also are targeting Target and Walmart.
Boy, poor Walmart.
It's getting it from all angles, right?
All ends.
Anyway, they're urging Americans to refrain from shopping at some of these places.
Don't go to McDonald's, they say, between the 24th and the 30th.
And, you know, it's just one of the companies, again, that is suffering from this.
We've seen a host of them, actually.
Dealing with this.
And as I said, from both sides, I do think that the left doesn't quite have the staying power, shall we say, of conservatives on the right.
And the conservatives were really upset.
So I think that that was enough for Walmart to kind of recognize, oh, we got a problem here.
It was enough for Bud Light to recognize it had a problem.
And certainly Target as well.
All of those companies have started to change their ways.
And McDonald's now is getting hit from the left.
It's a grassroots movement, they say, a grassroots movement.
To end this economic injustice and have more accountability, more justice for the working class.
You know, of course, they have a funny way of going about it, if you would, just to go to some of their demands.
The People's Union claiming McDonald's does the following, which is the group's reasoning, if you would, behind this boycott, saying they exploit tax loopholes, they don't pay their fair share.
Gosh, I've heard that one before.
Have you guys heard that one before?
Makes me think of one AOC, makes me think of one Bernie Sanders, right?
This is a very common complaint.
They don't.
Pay their fair share while we're at it makes me think of Elizabeth Warren as well.
Engage in price gouging while wages stay low.
Oh, you know, because prices went up because there's that little thing called inflation.
And so, yeah, it costs like 20 some odd bucks to get like Big Mac and fries in New York City these days.
Guys, I'll tell you, you elect this new mayor that you're talking about electing, it's going to go up even more.
And then they had this issue that they support political figures who threaten democracy.
Well, you know what that would be.
In their view, that's Donald Trump.
So the left doesn't like Donald Trump.
Therefore, if a corporation Does anything that seems like it may be in support of Donald Trump, then boom, you know what?
They're done.
They're going to be the subject of the left's boycott.
They practice performative diversity, equity, and inclusion with no meaningful change.
Well, I would argue they're not even practicing it anymore, right?
Again, because of the Supreme Court ruling on that.
And overall, they're just mad because it's a corporation that prioritizes profits over people, community, and truth.
I mean, come on.
Like, you're just move to a socialist country, okay?
People's Union, you know what?
Or you can move to New York City pretty soon because that's getting kind of socialist.
We're going to talk about that coming up.
But here's the reality: we're in a capitalist nation, and capitalism, I get it, it's not perfect.
I'm not going to tell you it is, but it sure darn beats the alternative, don't you think?
And you go around the world, you take your pick.
And, you know, there's nothing like this country.
Peace in my mind says Trish doesn't look like she ever eats a McDonald's.
You'd be surprised.
Peace of my mind.
I like my McDonald's like anyone else, okay?
Plain hamburger, nothing on it, nothing, nothing but the meat in the bun.
You know me, I don't like ketchup, relish, mustard, any of those things.
Salt, okay, but none of the other things.
French fries and a diet cook.
Fetterman Impeachment Debate00:05:43
Gosh, I sound a little like Trump, do I not?
Anyway, I've been known to have some McDonald's, my share of McDonald's.
When I so, maybe I should go tomorrow, right?
In light of the boycott, we can help support the companies that the left so despises at this moment in time.
We have a lot going on, though.
I just think that this is amazing.
Everything that's happened there in the Middle East in the last 48 hours.
I mean, again, I told you it was Saturday night, I got this news and even debated coming on with you over the weekend.
But I thought, you know what?
Let's let it settle.
Let's see how this all shakes out.
I was optimistic.
And I, even as I was looking at the futures market last night on Sunday evening, was like, wow, you know, like the futures, they're not that upset.
Like investors are not that upset, which tells you.
The smart money actually really believes, if you would, that there's an opportunity for some peaceful resolution here and that maybe the world is a little bit safer.
Well, a lot of people are very optimistic.
The market clearly very optimistic.
Oil prices going down, but there's one person in the world that's completely losing it over all of this.
And that would be the very, in my estimation, immature Alexandria Ocasio Cortez.
So AOC came out with a big tweet shortly after this went down, and I will share it with you.
This was around 9 40 p.m. over the weekend, and she wrote The president's disastrous decision to bomb Iran without authorization is a grave violation of the Constitution and congressional war powers.
He has impulsively risked launching a war that may ensnare us for generations.
It is absolutely and clearly grounds for impeachment.
AOC demanding that the president be impeached over this.
We saw Hakeem Jeffries come out as well with tweets.
He did not actually go so far as to say he should be impeached, but he was questioning his authority to do this.
So, you're seeing these rumblings.
And yet, at the same time, you actually have a lot of Democrats that have been very supportive at this moment.
I want to go to Senator Fetterman, for example, out of Pennsylvania.
You know, the one who can't wear a suit and tie, but you know, he's growing on me.
What can I say?
He's growing on me, especially after I heard this.
I mean, her own party is coming down on her because she's acting, in my estimation, like a spoiled little brat.
And they're like, get with the program, right?
So, this is Senator Fetterman saying, really, no time and place, time and place, honey.
You know, this is all wrong.
Let's watch.
Alexandria Ocasio Cortez says the president shouldn't be impeached because he's impulsive.
What do you think of that?
No.
I mean, of course, no.
She knows it.
I know it.
We all know it.
That's not going anywhere.
And, you know, he's been impeached twice, and now he's still our president as well, too.
So it's not going anywhere, and I don't think that's helpful.
And I think if you throw that term around, that actually diminishes the severity of what impeachment is really reserved for.
Yeah, right?
I mean, he's been impeached twice, and he's not wrong.
Fetterman is totally right.
When you start throwing this term around and you just want to impeach everyone, then you actually run the risk that you damage the authority, if you would, of Congress when that's all they do, right?
Because they just become the party of opposition.
And even when you're facing the Rather significant world crisis that we're facing.
If you can't all be on the same team, then you got a little bit of a problem going on.
So, Senator Fetterman kind of trying to put her in her place, and he wasn't the only one over the weekend.
I want to share with you what Van Jones, kind of big deal Democrat over there on CNN, which is a very, very liberal network, even he's like, okay, you know what?
Enough is enough.
And not only did he call out AOC, he called out all the progressives who are, well, saying what they're saying, right?
You know, they want to go on and on about he needs to be impeached, this is wrong, et cetera.
Just listen to Van Jones for a second.
I think progressives underestimate how dangerous Iran is.
Iran is not a normal country.
They cannot have a bomb, and I think progressives should get on board with that.
We cannot have a nuclear armed Iran.
I was in the region.
You were in the region.
This is a very dangerous power that cannot get a nuclear weapon.
No.
Like, that should not be that.
Political.
I was Saturday night again in Live Free or Die, New Hampshire, and it was a diverse group of political opinions that I was with on Saturday evening.
You see, I hang out with all sides, guys.
You know me.
Anyway, one person, actually my cousin, stood up and said, I think that we can all agree, and this is bipartisan, that it's not outrageous to say, you know what, we shouldn't have a nuclear Iran, okay?
Like, that's not that over the edge.
And I think what you're seeing is Overwhelmingly, Democrats are agreeing with that sentiment, except for those that struggle with their own immaturity and want to make this all about politics instead of the security of the US, the security of the world.
And so that is Alexandria Ocasio's problem, once again, right?
That is consistently her problem.
She's out for me, Who the heck goes on their big socialism tour talking about how people aren't paying their fair share and then rides in a private jet and wants to defend it?
I'll tell you who does that AOC and Bernie Sanders.
Gold Markets Show Optimism00:02:46
Okay, so the socialists that are pushing socialism that want to hate on Trump no matter what are increasingly seeming like they're just not gelling with who we are as capitalists.
In this nation that are trying to secure our future and our children's future.
Again, wonderful news to see the market closing higher on all of this.
And I just want to get to those numbers because as we close out the day on Wall Street, it was really, really just wonderful to see the sort of optimism, right?
The optimism in the face of all this with the Dow up nine tenths of a percent, similar situation, they're up nearly a percent on the SP 500.
And as trades settle out, up about 1% there.
On the NASDAQ.
So, this is really good to see.
We have a note on this.
I encourage you, I really do.
If you haven't gotten this, please make sure you sign up for 76 Research.
Use my code word dollar.
You'll get it for a dollar a month for the first two months.
Then it becomes $9.95.
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It's worth taking a look at, guys.
Markets, as I said, reacting in a very positive way, which was not to be expected.
I will say there was a brief moment and I went in.
I went in.
I'm like, what's going on?
The market's down.
I think that was perhaps when we learned that Iran had struck Qatar.
And yet, once we learned that no one was harmed, and again, my prayers go out to everyone over there and to all of our service men and women.
When we learned that that was not what it could have been, et cetera, I think there was some relief.
And then you saw the market start turning around in positive territory again.
One other thing I just wanted to check in on was gold, because gold actually did go higher today.
Now, perhaps it's because of maybe the expectation of some.
Some unsettling stuff.
I'm not entirely, you know, this is one that it basically, I say it goes, it went higher, went higher by like one tenth of a percent.
One would have anticipated, as I said, with these international events going on, that gold would move higher.
I wouldn't have expected it to really go down, but I wouldn't have expected oil to go down.
I mean, crude oil, wow.
I gotta make sure this is right.
Ending the day off 8.3% at $67.68.
This is.
Crude oil futures, WTI.
I mean, wow.
Okay.
So that's really interesting.
If you're interested in investing in gold, one of our great sponsors here on the show, American Hard for Gold, give them a call at 1 844 495 1115.
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Uranium Investment Opportunities00:15:02
As all of this happens, however, you know, you have members of the media that are stuck in their way, much like AOC, and they're stuck on this sort of TDS.
Syndrome and one of them actually got really torpedoed, interestingly, on her own program yesterday by Senator Marco Rubio.
So, this is on the Face the Nation program that CBS has.
You know, of course, CBS is struggling with whether or not it's going to settle with Donald Trump.
They may have to pay like up to $50 million to settle with him.
And it's become the source of a lot of internal aggravation.
And so I mention that only because you can imagine that this particular host, as she went into her program and knew she had Secretary of State Rubio on there, there's a lot of pressure perhaps internally to make sure that they're always giving the other side.
And hey, look, there's nothing wrong with that.
We should hear all sides.
It was just kind of amusing.
How he struck her down so vehemently and she clung to her position.
And at some point, he's kind of like, Look, who's Secretary of State?
Is it me or you, honey?
Well, he didn't say exactly that.
That's my paraphrasing.
But let's watch exactly what Marco Rubio had to say to the CBS host on Face the Nation.
Are you saying there that the United States did not see intelligence that the Supreme Leader had ordered weaponization?
That's irrelevant.
I think that question being asked in the media, that's an irrelevant question.
But that is the key point in U.S. intelligence assessments.
You know that.
No, it's not.
Yes, it was.
No, it's not.
I know that better than you know that, and I know that that's not the case.
But I'm asking whether the order was given.
And the people who say that, it doesn't matter if the order was given.
They have everything they need to build nuclear weapons.
Why would you bury things in a mountain 300 feet under the ground?
Why do they have 60% enriched uranium?
You don't need 60% enriched uranium.
The only countries in the world that have uranium at 60% are countries.
That have nuclear weapons because they can quickly make it 90.
They have all the elements.
Why do they have a space program?
Is Iran going to go to the moon?
No.
They're trying to build an ICBM.
No, but that's a question of intent.
And you know, in the intelligence assessment, it was that Iran wanted to be a threshold state.
I don't even know what the intelligence assessment says.
I'm talking about the public March assessment.
And that's why I was asking you if you know something more from the March assessment.
But that's also an inaccurate representation of it.
That's not how intelligence is read.
That's not how intelligence is used.
Here's what the whole world knows.
Forget about intelligence.
What the IAEA knows, they are enriching uranium well beyond anything you need for a civil nuclear program.
So why would you enrich uranium at 60% if you don't intend to one day use it to take it to 90 and build a weapon?
Why are you developing ICBMs?
Why do you have 8,000 short-range missiles and 2,000 to 3,000 mid-range missiles that you continue to develop?
Why do you do all these things?
They have everything they need for a nuclear weapon.
They have the delivery mechanisms.
They have the enrichment capability.
They have the highly enriched uranium that is stored.
That's all we need to see.
Especially in the hands of the regime that's already involved in terrorism and proxies and all kinds of things around.
They are the source of all of this.
Yes, and no one's disputing that.
I'm not doing that here.
And they were censured at the IAEA for that enrichment and for violating their nonproliferation agreements.
I was simply asking if we had intelligence that there was an order to weaponize, because you said weaponization is ambitious.
Ambitious.
Well, we have intelligence that they have everything they need to build a nuclear weapon, and that's more than enough.
Okay.
So that's an interesting distinction, right?
And don't forget a lot of folks on the left who hated Tulsi Gabbard, right?
Like they absolutely despised her and they thought that she was a threat, et cetera, et cetera.
And it was in part because she didn't recognize back in March that Iran was this nuclear threat that they came out so vehemently against her.
And they thought, okay, well, she can't.
Why do we have this woman as our head of the Department of National Intelligence?
So there was a lot of pushback then, but It's kind of like the same crowd is now echoing what she said.
And she's come out and said, look, you know, things change and the assessment has changed and we don't need to drive this wedge.
The president has information that he believes that it was indeed Iran was indeed in the process of trying to create a nuclear weapon.
And whether or not they had it or whether or not they were close to having it, I think Marco Rubio is making it really clear.
We don't care.
The point is they want it.
And they're working towards it.
So let's do what we can peacefully enough as we have this opportunity.
Their air defense was completely taken out by Israel.
So we can go in there and we can dismantle their program.
And that is what happened.
And again, I can be agnostic in this.
I'm going to tell you what the market thinks.
The market likes it.
Oil prices are down.
I mean, can you believe that we're down 8% on WTI?
That's amazing, right?
And the market's up.
Because the belief is we're getting closer to peace.
But, you know, there's going to be the holdouts.
There's going to be the media.
As I read the paper the next morning, the New York Times, it said that the U.S. had entered war with Iran.
Well, the administration is making it very clear that they don't want this to be a war and that there is an opportunity for Iran to come to the table and, you know, not be in that kind of situation.
So, why is it that everybody immediately escalates it to, To that.
And it may just be, again, TDS on steroids.
And you're seeing that whether it's from the media, you're seeing that whether it's from AOC, certain kind of Democrats that want to make their career out of this.
I would just remind them, again, let's go back to Van Jones on CNN because he said it better than anyone.
The progressives need to get it through their head what's really at stake.
I think progressives underestimate how dangerous Iran is.
Iran is not a normal country, they cannot have a bomb.
And I think progressives should get on board with that.
We cannot have a nuclear-armed Iran.
I was in the region.
You were in the region.
This is a very dangerous power that cannot get a nuclear weapon.
Yeah, I mean, well said.
Okay, again, and this is a guy who's a big deal Democrat.
So I think it's important that everybody kind of coalesce around this idea that less nuclear stuff out there, the better.
And you don't want a country that has aspirations of wiping other countries off the earth having access and ability and power to do that.
That's pretty darn simple.
But again, not everybody believes this.
And AOC is certainly one out there who's using this as an opportunity to knock Trump.
One can anticipate that the mayoral candidate there in New York City, who looks like he's going to win the primary, is also of a similar persuasion.
I just could tell you this guy, wow.
I mean, he might actually pull it off.
Zohran Mamdani.
Now, like a couple months ago, nobody knew his name.
He went up to protest Tom Homan at one point in Albany.
That was the first I'd seen of the guy.
And AOC came out all for him, but I thought, well, you know, she did that.
She did that for the fire alarm guy.
Remember Bowman?
Right?
He pulled the fire alarm rather than actually have them vote on the budget.
Wow.
Anyway, he wound up not winning his race, no matter how much dancing she did on the stage and how much she used of taxpayer dollars for those dance lessons.
It didn't matter.
The dancing didn't help.
He did not win that election.
So, you know, a lot of us thought Zohran.
You know, we'll see.
We'll believe it when we see it.
Well, guess what?
You're going to have to believe it when you see it because here's Polymarket right now, and he's ahead of Andrew Cuomo in the Polymarket expectation.
And they've been pretty right, right?
Like we were quoting them a lot during the actual election because they have been spot on.
Real money is on the line in that particular case.
And as an American, you can't actually bet on it, but a lot of foreigners are.
And right now, the expectation is that he is going to win this thing.
This is AOC's candidate, if you would.
And one of the reasons he may win. Is because they have kind of a funny system where somebody has to get 50% of the votes and he's not going to get 50%, but neither is Cuomo.
And you have so many people in this race, so many people in this race, including that guy Brad Lander.
Remember Brad Lander, who made a big stink there?
He's the city controller and he actually wound up getting carried out in cuffs recently there because he was trying to defend someone who ICE was after.
And so he made kind of a name for himself.
And so what you're seeing is he got a lot of attention.
And apparently, in the runoffs, people are choosing to go with this new guy that nobody had heard of up until recently when Brad doesn't win the day.
This is Brad, just to jog your memory.
I'm not obstructing.
Here in the hallway, I asked to see the judicial warrant by asking for a judicial warrant.
You don't have the authority to arrest U.S. citizens asking for a judicial warrant.
There he is getting carried away.
His wife took this video and they put this out right away, trying to milk it.
Where are you taking the controller of the city of New York?
And so there he is.
He's getting hauled off.
You can see no violence, nothing like that.
We don't see him bumping himself up like La Monica into any of the ICE agents, but he gets pulled away and pulled into the elevator.
And they eventually released him, et cetera.
But it caused him to get a lot of attention.
I'm going to get to this in just a second because the guy that may actually win, Mamdani, could actually create a big exodus in New York.
And that actually.
Bodes very well for Florida real estate, which DeSantis is no fool.
He's actually recognized that one.
All in all, if he wins, it could backfire badly on the Democrats and backfire, frankly, on New York City, okay?
Because one of the things that he has been pushing for as a socialist candidate is higher taxes.
This is his New York City tax hike that he wants.
He wants to impose a 2% income tax on those making more than a million dollars a year.
Don't forget, they're basically already paying.
Half to Uncle Sam, anyway, and he wants to get more for New York City.
He also wants to boost corporate taxes from 7.25 to 11.5%, which would match what New Jersey has.
So, what are you going to see?
You are going to see everybody leaving New York.
That's exactly what you're going to see.
I'm sorry, but like I can't imagine it any other way because as soon as that happens, guys, companies are going to say, well, we're not going to pay this, right?
We don't want to pay this.
And so, consequently, they're going to move.
And where are they going to move?
They're going to move to Texas or they're going to move to Florida.
And Ron DeSantis knows this.
So he tweeted this out.
Just when you thought Palm Beach real estate couldn't go any higher, shocking new poll shows Mamdani overtaking Cuomo in New York City's ranked primary choice.
Now, once the primary happens, you'll have till November because on November 4th, that's when the Democrat would be up against the Republican.
But you know, New York is a pretty liberal place, New York City.
So one would think that the liberal is going to win.
Maybe the Republican will stand a shot.
We'll see.
But I will say this you know, DeSantis isn't wrong.
Real estate prices in New York are already sky high.
But already people are talking about relocating their businesses, their trading businesses.
A lot of them have done it already.
Think Carl Icahn, right?
A lot of hedge funds relocated to Miami.
Bill Ackman is talking about taking Pershing Square out of New York, out of Manhattan to Miami because you got 0% income tax.
That's pretty sweet.
Versus, I mean, you already got 4% in New York City.
So anybody making more than a million would be looking, I guess, at 6%.
And you've got the much higher tax rate on corporate profits.
I mean, look, the pendulum swings.
Maybe eventually people figure out this guy's not the answer because he's going to deplete himself of any capital that the city.
Might have had.
Like already, it's hard enough in New York City.
Everybody's like, bye bye, see you later, sayonara.
I don't need to sign up for high crime and high taxes.
And yet, you know, Mr. Mamani here wants both, wants both.
So watch this very carefully.
It's bad news.
I'm telling you, bad, bad news for the Democrats.
They're going to be sitting there sweating.
Like, how did they ever allow AOC to get the kind of attention she's getting?
And now this one's coming along and he's really going to decimate the future of the Democrat Party.
I'll tell you one person who's kind of happy about it, in addition to AOC, that would be Letitia James.
She hates Andrew Cuomo, interestingly enough.
We're going to get to that in a second.
But, you know, here as we talk about who's going to win New York City mayor, think about it.
I mean, look, I know a million dollars is a lot of money, but in New York City, which is the financial capital of the world, you have a lot of people earning that.
And after taxes, it's 500.
None of them send their kids to regular schools because you can't in New York City.
So, you know, you get three kids.
That's.
Minus 150 right there.
Actually, it's probably more like 60K these days.
So that's minus 180 right out of pocket.
I mean, you do the math, okay?
It's hard to live in New York City.
Costs are very, very expensive.
So anybody who can will hightail it out.
And this guy is going to be left with a bunch of people who can't contribute to the city's coffers.
And he's going to be left with high crime and no money to fight it.
So good luck to him.
Listen, I'm glad I'm out of there.
Thank you very much.
A lot of people are very, very glad they're out of there.
Thank you very much.
But this New York City mayoral race is happening tomorrow.
Record heat's expected.
So, a lot of the older people that would maybe come out and vote for Cuomo, they may not come out to vote because the heat's so insane.
Kathy Hochul has just passed a law saying we can give out free water to everyone.
Apparently, all the hipsters, though, in Brooklyn, well, they're not going to be deterred.
And simultaneously, a lot of them actually already voted early.
So, again, one to watch because it's kind of a barometer, if you would, for.
The Democrat Party, and I think it's going to be problematic.
You know, it's going to be problematic, face it, for New York City, because if those tax,