Iran's Strait of Hormuz THREATS + McDonald’s CEO Gets ROASTED | PBD #752

Did you ever think you would make it?

I feel I'm supposed to say it's a sweet victory.

You know this lies me for me.

I don't. What's your aim?

The future looks bright.

And Jacob is better than anything I ever saw.

It's right here.

You are a one-of-one?

I send you right there.

I think I'm going to set this up.

So risk averse.

Okay.

Another great business show with brilliant minds in the house,

Mark Moss, Snyder and Ellsworth,

all in the house.

Gentlemen, great to have you back.

There's a lot that's going on right now.

Obviously, we will cover some business stories,

probably on the second half of it.

But anything and everything that's going on in Iran right now

is tied back to business.

You got the Iranian commander threatening to fire,

to set fire to ships crossing straight up her moods,

which is going to directly impact oil prices.

We're going to look at oil prices.

I'm curious to know where you guys think it's going to be going to.

There's a story that came out from Bloomberg talking about Iran's

missile math, $20,000 drones to take out $4 million Patriots.

There's a guy that made a clip making a prediction.

I think two years ago, I don't know if you saw this Asian guy

who said, you know, Trump's going to win in November.

U.S. is going to go to war with Iran,

and U.S. is going to lose to Iran.

Okay.

He made these three claims.

So he got two of them right.

Listen, even if he gets two out of three right,

that's 66 percent, but some are saying,

what are they talking about?

Is it the fact that they produce smaller drones

like Ukraine that against Russia?

Maybe we'll talk about that.

Qatar shot down two Iranian planes.

Can you imagine Qatar that's supposed to be

somewhat of a neutral ally is now shooting down Iranian planes?

And in China, there's some stories with China.

I know Jeff and Mark were talking about some thoughts about China.

China could face some real problems

within two months of straight-of-war moves.

Crisis drags on, because I think if I'm not mistaken,

70 percent of their crude oil, I believe, comes from Iran.

So their relying comes from that entire area, specifically Iran.

So they have to make sure Iran's going to be okay.

What that means we don't know.

We'll China get involved.

Will they not get involved?

There's some stories online that are spreading about what is going on,

what is not going on.

And then I want to show you a clip from BBC that shows

how many of these videos that are AI-driven videos

are confusing a crap out of people.

And people don't know who to believe.

One of them got 17 million views.

Oh my god, look what's going on.

So we'll show you some of these clips from BBC,

which BBC we know is not a pro-Trump organization.

BBC is probably getting sued if they haven't already

by Trump for what they did with that documentary

where they kind of changed and cut apart of the clip.

And Trump obliterates Iran's navy by sinking 11 ships

including the mothership as Tehran's brazen lies

are exposed at the same time,

while all this stuff is going on a massive crisis, folks.

I'm talking devastating crisis happened to the CEO of McDonald's.

This guy shows to eat this big burger

in a bite smaller than my four-year-old daughter.

And Burger King's marketing team said,

Mr. CEO, Burger King, do me a favor.

And by the way, I used to work at Burger King.

So I don't know which one you worked at fast food.

I worked at BK, did you guys work at any of these places?

I don't know, no fast food.

He went and took a big bite of their double-wap

or whatever it was.

And everyone's taking shots at McDonald's, right?

And Mr. CEO, Chris Kiepschinski,

if you're going to take a bite, take a real bite, buddy.

Maybe redo the video and take a real bite of it.

But anyways, that's called marketing and they capitalize.

Miami Heat, apparently their phones are ringing off the hook

as California billionaires.

Look to drop nine figures on homes in 305.

I believe if I'm not mistaken,

Mark Zuckerberg-Ropp, if I'm not mistaken,

just closed on his 175 million dollar home,

smaller to place he got,

but 175 million, 170 million dollar home in Miami.

And they're moving here, guys.

It's just happening.

There's not much you can do about it right now.

They're moving down here.

Pete Hexett, Snapside Reporter,

impressed on Trump's four-week Iran War timeline.

Marco Rubio, there's Clipsing.

Well, you said this.

Well, you said that with Israel.

Well, you said, what do you really mean?

What really happened?

Maybe we'll react to that as well.

And then Jamie Dimon, typically Jamie Dimon,

you never know how Jamie's going to react.

Jamie Dimon, there could be a, you know,

rain coming, Elmenio.

This is the end of times.

Be careful with your assets.

But then there's a war going on with Iran.

And Jamie Dimon says, this is not a big deal.

Iran conflict won't be major inflationary hit.

You got to love his poise when it's a real massive crisis.

And then when it's something else, he'll,

he'll bring up the fear point.

Iran War prediction market bets draw heat.

And saying that this is legal,

I think how she had to do something

with the Khamenei as well as both of them,

I think they have to do it.

But we'll talk about that story.

Bill Clinton was shown footage

and asked questions about the massage

from the girls he got and he answered.

And when they said Hillary Clinton really got angry,

apparently she really did get angry inside when question

on a few things.

And I'm surprised because Hillary seems

like this major sweetheart.

I can't see her getting angry.

But apparently the rumors are true.

She has a temper.

And we got to give credit to her.

Talk time out of it.

That's right.

That's right.

And not believe.

And a Michael sailor is probably the biggest gambler

in the world to be able to do what he does and keep his poise.

This guy's either going to end up being a trillionaire

or he's going to be a barista working at Starbucks

one of these days.

He wants one of those two.

He's not going for the middle.

He has to wear extra bag pants.

Yeah, that's right.

But listen, he's got brass.

And then maybe we'll talk about some of the stuff

that's going on with Paramount.

And the new leader in Iran,

with Ayatollah Khamenei's son emergence

has a leading choice to be a successor.

Some people are saying his days are numbered.

At any time, something could happen to this man.

Okay.

With that being said, I said we get right into it, guys.

Number one is Iran's commander threatens to set fire

to ships crossing straight of Hormuz.

Okay.

So what are they talking about here?

And how much of an impact will this have on the economy?

As Iranian commander threatened,

an Iranian commander threatened Monday.

Rob, do you have a clip of this?

I do.

It's in Farsi, just so you know.

But does the show translation in English or no?

I don't believe so.

Okay.

Then Rob, unless if you're going to translate it to us,

we can't go to it, Rob.

So I appreciate your effort.

Threaten Monday to attack any ship crossing

the straight of Hormuz in a move that could choke

about a fifth of global oil supplies

that will send oil prices soaring.

The straight of Hormuz is closed.

If anyone tries to pass,

the heroes of the revolutionary guard

and the regular navy will set those ships ablaze.

Ibrahim Jabari, a senior advisor.

The guards commander in chief said in remarks

carried by state media.

The waterway is the world's most important oil route

connecting the Gulf.

Biggest oil producers like Saudi Arabia, Iraq,

Iran Qatar, UAE.

One way for Iran to block it is to lay minds.

But there hasn't been any such moves.

So far, the reason why this matters so much

is because of one country which we're going to get to.

China's the biggest buyer of crude oil from Iran,

80 to 90 percent of it.

If they shut down a straight of Hormuz,

this is 20 million barrels a day,

1.2, 1.3 billion hours a day,

20 percent of the world's oil supply.

Jeff, how concerned are you about this

or is this just a bunch of tough talk?

No, there's definitely a reason to be concerned.

But you've got to realize this is a rant-only weapon.

The only thing they have left is the price of oil

in the leverage that they have over China.

Nothing else.

They really don't...

Not even drone.

No, drones are a little bit of a nuisance annoyance here.

But what they really have,

the only pressure point that they can really use

is the straight of Hormuz,

close the gap or close the away.

Send oil prices higher,

put a fresh China on...

You've got to help us out here, man.

We're really stuck here.

It's really the only thing that they have.

And the Trump administration knew that,

which is why Israel went after the regime,

the Trump administration went after

Iranian capabilities to do this.

That's why Trump keeps talking about, you know,

we sent their navy to the bottom of the sea.

That's why there was news earlier.

I mean, we were just talking about this.

It just broke.

Apparently, something off a Sri Lanka,

a Sanka Iranian warship that was over in Sri Lanka.

That is another...

It's another part of the Trump administration's strategy

to counter the only leverage that the Iranians have.

Your threat is to get the price of oil to go up,

by closing the straight of Hormuz,

we're going to make sure that you can't do that.

So the entire US War effort,

or the vast majority that right now,

is to counter that one threat,

because that's really the only threat that the Iranians have.

Yeah, and this is the story we're talking about earlier.

US submarine sinks the Iranian warship off Sri Lanka,

killing at least 80 and leaving dozens more injured.

Tom, what are your thoughts on this?

Well, this is the coast of India,

literally one quarter of the world away.

You have to go from the Middle East,

all as people look at me,

all over here to India,

and then you go off the side of India,

and there you have it.

Why does this matter, though?

Why does it matter?

Well, what it matters, it means...

Can you pull up the matrop?

Just to look at the map of what this location would be exactly...

Yeah.

While we're putting this up,

why would an Iranian warship be off the coast of Sri Lanka?

To escort oil tankers,

to be a patrol in the area,

to be there at certain time.

Now, if you zoom out on this,

you're going to see there's a channel there at India.

Keep going.

Now, Middle East is way over there.

So you have to go all the way down here.

So the fighting is way up here,

and you have the Iranian warship,

and now take a look where you go.

You're not far.

You go down, and now you end up finally at China.

You have the side grab.

You have the side.

You have the side.

You have energy.

Yeah.

You're putting a military patrol navy boat there, Pat.

Could help passage of the oil you're trying to send over to China.

Well, menace it, right?

Huh?

You could menace any...

Or you could menace anybody else that's in the area.

Instead, the US warship,

off the coast of India,

Padoop, you know,

and you sink the ship.

And what's interesting,

what's related to this?

West Texas Center Media is down a dollar today.

It's holding steady.

That's the oil when Trump said drill, baby drill.

That's domestic oil holding steady.

74.05.

See there?

Down 51%.

So it was down to dollar and early trading.

Now it's...

0.51%.

There it is.

Yeah.

And so guess what?

Our oil over here is staying steady.

So inflationary response, big response.

Oil is a global market,

and there's a lot of different types of oil,

as we know, the heavy crude from Venezuela.

But the oil market is staying stable.

And to Jeff's point,

that's the only card they have.

They're not playing at a table

where all the world is sitting there with a hand.

Right.

They're only playing with China and others.

60% of the natural gas that goes to Europe

comes from us, the United States.

So it's become a much more balanced energy market.

Yeah.

Because now that becomes sort of your sixth fleet.

If you think of the five branches of the military,

your sixth fleet is energy independence

and ability to be an exporter on the world stage.

So they're saying this is the first time a US submarine

shot down an enemy ship since World War II.

So this hasn't happened for quite some time.

And what it shows is that again, this is a message.

We are taking this threat very seriously.

So the reason why oil prices are down

is because the oil market is saying the US

is going to do everything it can to make sure that there's

a worst case scenario.

So they are optimistic.

So that is a form of showing confidence

in the fact that the White House is going to get it.

We're sinking Iranian ships over in India.

That's how that's how serious we're taking this.

We are taking this so seriously.

We will take that threat to the end.

And by the way, Rubio said it was going to get.

Is this heck to talking about it?

And Mark, I'm coming to you right after.

Yes, he said it right at the end of that speech.

Let me hear this and I'm going to Mark.

Go forward.

They're navy not a factor.

Pick your adjective.

It is no more.

In fact, yesterday in the Indian Ocean.

And we'll play it on the screen there.

An American submarine sunk an Iranian warship

that thought it was safe in international waters.

Instead, it was sunk by a torpedo, quiet death.

The first sinking of an enemy ship by a torpedo

since World War II.

And go.

Like in that war, back when we were still the war department,

we are fighting to win.

Mark, thoughts.

Yeah, I mean, this is high stakes poker.

It's not even poker.

I mean, this is real life.

This is war.

There's a lot that hangs in the bounds.

Number one, I think about what he just said there in the stakes.

I mean, sinking a ship, right, hasn't been done since World War II.

You look at what Trump said on true social about the Straits.

And he said, hey, we're going to back the ships.

We'll put the insurance up, which is a whole different topic.

But we will not allow the Straits to be closed.

That's like that's that's strong words.

So so they've they've put the line in the sand, so to speak.

But I think it's really interesting.

And I think about this poker chip that he's trying to play here.

Because as the point that you made Patrick,

China is the one that suffers the most if this oil doesn't flow to them.

So the US is sort of insulated because we're the number one producer of oil in the world.

We've got Venezuela coming online that output is doubled down there.

And we could almost just, hey, let the let that pain be felt by China.

And maybe they could influence Iran a little bit in some of these negotiations.

But if we're going to open up the Straits and keep the oil flowing,

China doesn't suffer, then whose side are they really on?

Where's that pain? It's interesting.

I think also, you know, to the point that he said,

we're not going to allow them to slow this down.

It also shows why there's a war in Iran in the first place.

Because all they constantly do is threaten global markets.

And Jeff and I were talking earlier before we came up here where Trump wants to make a deal.

Most of the Middle East Saudi Arabia, the UAE, they just want to make a deal.

They're just business people.

But Iran constantly wants to threaten global markets by shutting down the Straits.

You can't have that. You can't ever have peace.

And so I think that's what's at stake here.

And I think it's a bold move.

If a US ship goes down over it, then it's World War III.

Yeah. If you look over there right before this started,

the Saudis met with Iran and gave them limited assurances for certain situations.

Then Iran starts lobbying semi-accurate missiles, low-grade payloads,

over onto these Arab states.

And now the smaller Arab states are saying, what the hell are you doing?

Yeah.

And you've actually hit with a drone, one of the iconic hotels that's supposed to be bringing the West to the Middle East.

It's safe to do business here, vacation here from Europe, you know what we're talking about, right? Doha.

And so they're like, what the hell are you doing?

So now the Saudis are backing the small Arab states now after giving assurances.

So frequently there's people that are no longer at the card table.

There's very few people at the card table that Iran.

And I'd like to know how they're going to keep the straits closed for an extended period of time.

And I'll tell you why.

On February 28th, you had American B2 Spirit.

We only have 20 of these aircraft.

It's supersonic, it's lethal, and it flies in areas where there's an extreme danger because it's fully stealth.

On March 2nd, they were reporting that B1 Lancers were now flying deep into Iran,

deeper than we had flown past since 2003.

Now, why do you fly that?

It's not as stealth, but it is supersonic and has a big payload.

If the B1s are flying, it means you've degraded the defense systems on the ground that are surface to air.

So, okay.

And then yesterday, March 3rd, we're hearing that B52s.

It's a 50, it's a 50-year-old aircraft.

It's a 70-year-old.

It's over 50 years old, Pat.

And it has the radar signature of a barn door.

And you can hear it before you can see it.

So, if the B52s are flying, you know what that means?

The skies are safe.

So, I'd like to know how and how long is Iran going to keep the straight closed,

given what we're seeing with American air superiority right now,

and what has been cleared out, and what's happened to the Navy.

Exactly what are you using to keep the straight closed?

That was yesterday.

Yesterday was Iran's, they played their card.

The card isn't necessarily a military.

It's the threat that we're going to set some tankers on fire.

Any tankers that flow through the straight or former

was we're going to hit it with a drone.

The insurance carriers are going to drop anybody who tries to go through.

Lloyd's put a 72-hour suspension.

Right, and then there was news that other insurance carriers...

Trump said, wait a minute, I don't care about that.

So, Iran played their card.

Their card was we're going to close the straights of hormones

with asymmetric warfare and just a threat of it.

What Trump did, again, they had this ready.

They knew this was going to be an eventualist.

So, Trump at 12 was at 12.15 pm as oil prices were skyrocketing

because of the lack of insurance.

You're in international prices.

Right, so oil prices are skyrocketing.

Trump comes out and says, you know what?

If insurance carriers are not going to get right insurance

on tankers going through hormones, we'll do it.

The US government using, I forget the name of the program.

Can you imagine the boldness and the confidence to say that?

We'll underwrite it.

Don't worry about it.

We got it. Why?

Only way you underwrite is why.

Because you know what you're going to do.

And you're controlling the air.

That's unbelievable to be able to sit.

Where you were going, if you want to finish your thought

and then I'm going to show the clip, go ahead and finish your thought.

The thought is that Trump administration understands their role here

is to guarantee that this is going to work,

that they can continue to keep the straighter for moves open.

We don't have to worry about the fallout,

which is all you ever heard about attacking Iran

with, they're going to straight through.

They're going to close the straights.

Oil prices are going to go to $500 a barrel.

But Joe, again, what I was saying earlier about,

but China suffers the most.

So why would Trump want to keep the oil flowing,

instead of putting some pressure on China

to help them in this situation?

You remember he's meeting with them.

I think they have an meeting sometime this week,

is it this week or next week?

It's also, you're putting pressure on China,

but also at the same time you're not directly harming China.

Right.

You're not directly, but I'm saying by guaranteeing

you're sort of helping China.

So he could say, hey, we got plenty of oil.

We don't need, go ahead and shut it down.

There's two things.

So the consequences you have two things in my opinion.

One is, if this is a prolonged war,

which Iran can do, like it's a negotiation.

The other side's like, I got time.

Me too.

Let's go.

Say the other guy only has six months left.

I got 22 months left.

By the fifth month he's panicking.

Then he says, hey, let's do a deal.

All right, let's do a deal.

I think if he, if this drags on,

if you got China or American voters and midterms,

he's going to go here.

He's going to choose this one.

So to me, I don't think they want a prolonged war,

although while this has taken place,

you guys saw what JD said yesterday.

He says, look.

He can go months.

This can be a six month war.

This can be a 12 month war.

This can be the president has the ability

to go as long as they want.

And then hexet was being pushed on.

You guys said this is going to be four weeks.

This is going to be four weeks of all this.

And can you go to that ramp?

Is this the one about the four weeks?

Yes, sir.

Where he jumps in?

Yep.

Okay, go forward.

About four weeks.

It's the typical NBC sort of got you a type question.

President Trump has all the latitude in the world

to talk about how long it may or may not take four weeks.

Two weeks, six weeks.

It could move up.

It could move back.

And we're going to execute at his command

the objectives we've set out to achieve.

And what he has shown ability to do that other presidents

can't quite seem to have the aperture to do.

Well, I mean, Joe Biden didn't even know what he was doing.

I used to look for opportunities and off ramps and escalations

for the United States.

The creates new opportunities to execute what we need

on our own timeline.

So you can play games about four weeks, five weeks.

He has all the latitude and I'm glad he does

because there's no better communicator than our president

expressing those things to the daily mail.

I've been in meetings with the president for the last two

and a half days.

We know exactly where his head space is and he will communicate

as he should exactly what he would like.

And we will follow those orders.

And I think everything he said on that is right down the middle.

There you go.

So the concern becomes how long it goes.

They argue there's a part of me that says they have to say,

we'll go three months, six months, 12 months.

I think they're only talking to, they're talking to two people

when they say that.

They're talking to Iran and they're talking to China.

Yep.

I don't think they're talking to the voters.

They know the voters are going to get angry on Twitter,

on YouTube, on X and all that.

I cannot believe this is going to be another Iraq.

They're like, that's noise.

We'll handle you, you know, folks and media

that are going to bitch and moan all this, my mindset

on what they're thinking.

Yeah.

But they're like, let us make Iran and China think we can go a minute.

Now watch this story about US sinking Iranian,

and 11 Iranian Navy ships.

Rob, is this the story?

Yes, sir.

Go for it.

Now stands at six.

US Central Command shared this video as well

of an Iranian ship being absolutely obliterated.

The US has sunk 11 Iranian ships.

Defense officials tell Fox Iran only has small boats left,

but still could mine the straight of Hormuz.

Iran says it's closed.

The US says it isn't.

Meanwhile, three American fighter jets got shot down accidentally

by Kuwaiti air defense today.

All six American pilots are okay.

The incident is under investigation.

Iran also continues firing on American bases all across the region.

The smoke you see here, though, Sean,

is rising from the US Embassy in Kuwait today.

Also tonight, the US Embassy in Saudi Arabia got hit by two

Iranian Shahid drones.

Thankfully, nobody was injured as Iran not only targets

civilian infrastructure, but now also oil and gas infrastructure, Sean.

Yeah, send it back to you.

Tom, if you want to give some thoughts on what happened with Kuwaiti.

The Kuwaiti thing is really annoying.

Let me remind everybody that Iraq invaded Kuwait

and basically pillaged it of all resources.

And I'm Hussein did.

And who came over there was the USA and George Bush senior

to re-liberate Kuwait.

Say what you will about the ancillary activity,

but we went over and liberated Kuwait after that.

And so the Kuwaitis, carelessly, remember,

if we're flying over Kuwait,

we are now flying back toward the Gulf area

away from the engaged conflict.

So you're coming back, you're empty,

you've dropped your payload, which is bombs.

You're coming back in and you're not expecting radar signature

to be coming over Kuwait, which is supposed to be a friendly place

while you go back to the carrier or the base.

And the clumsy Kuwaitis shoot down through it.

Praise God, our six pilots are okay.

But come on, guys, we saved your ass.

You got to be a little more careful.

So how do you do that, though?

How do you...

You're just...

You're not training them to say, guys, what are you doing?

This was...

By the way, do you have the clip of one of the pilots being approached?

There's like, no, no, no.

I'm American.

I'm American.

Have you guys seen this clip?

The people did back off, but it was an interesting scene

to say, how do you make a mistake like that?

You can't thank God, those guys, nothing happened to him.

Rob, is that it?

Yes, sir.

Go for it.

You're fine?

Really?

You need something to help you?

No problem.

You won't save.

You won't save.

You won't save.

Everything good?

No problem.

Thank you for helping us.

Everything horrible.

Is this the female pilot?

Ooh.

I think that's the female.

Is that not amazing?

Can we give her credit?

What's her name, Rob?

What is her name?

I mean, we got to recognize people like this.

What if she's breaking amazing...

Did you see how poised she was?

Hey, let me explain to you guys.

Think about the worst thing that happened to you last 12 months.

Imagine you're on a jet.

You're in enemy territory.

They shoot you down accidentally.

You land and you're smiling.

Hey, no, I'm good.

Can I get some coffee?

What an attitude to have.

What is her name, Rob?

I don't know if they've released her name.

Wow.

I mean, whoever you are, hey, thank you for your service.

What an honor to have women like this that are this tough,

that are willing to serve.

Great example.

And...

And restraint.

She's carrying a 9-millimeter with two or three magazines.

Then do anything with it to come out.

So let me go to another part.

Let me go to another part about what we're seeing.

Because one of the clips that is going viral on X.

And I'm curious to get all your thoughts is Marco Rubio.

And to comment some of the media members are asking the two clips, Rob.

The one that shows him saying,

do you know what you're not talking about?

Hey, is this because of Netanyahu?

Is this because of Israel?

And then, you know, they're both on the same...

What I'm trying to say is like they're on the same page, Rob.

Okay.

So if this is one of them,

let me see if this is one of them.

No, Rob.

This is not one of them.

They're placed refused.

So listen, you can play this clip.

You can play this clip.

Because Rubio right now is on fire.

I'm trying to explain to you guys this in simple English.

Okay?

Iran is run by lunatics, religious fanatic lunatics.

They have an ambition to have nuclear weapons.

They intend to develop those nuclear weapons

behind a program of missiles and drones and terrorism

that the world will not be able to touch them for fear of those things.

And this is the weakest they've ever been.

Now is the time to go after them.

The president made the decision to go after them.

Take away their missiles.

Take away their navy.

Take away their drones.

Take away their ability to make those things

so that they can never have a nuclear weapon.

That's why the president made this decision.

It was the right decision.

And the world will be a safer place

when these radical clerics no longer have access to these weapons.

You see how they're using them now.

Imagine how they would use them a year from now.

They had more of these weapons.

So Rubio is front and center right now.

And by the way, yes, two days ago,

when he did the 12-minute message that everybody was talking about,

at the end of it, he says,

if you think this was bad,

way till you see, go to the last 30 seconds of that.

The one you just had right.

I actually have that.

I pulled that separately.

Okay.

Way till you see the hardest part is coming.

Is this it?

Yes, sir.

Go ahead, Rob.

No, not at this time.

I mean, look, we always have people that reach out

from inside of governments.

You don't know if they're authorized to reach out or not.

They're suffering a tremendous amount of damage.

Honestly, again, I'm not going to give away the details

of our tactical efforts,

but the hardest tips are yet to come from the U.S. military.

The next phase will be even more punishing on Iran

than it is right now.

Someone was screaming, how long will it take?

I don't know how long it'll take.

We have objectives.

We will do this as long as it takes to achieve those objectives.

And we will achieve those objectives.

The world will be a safer place

when we're done with this operation.

Yeah, that's crazy when you're hearing that.

But how are you how are you thinking, Mark?

I'm going to show that clip on which you just showed Rob.

Mark just showed me something about Iranians,

missile stockpile versus U.S. interceptor capacity.

If you can post that, I think Rubio posted that.

Mark, where are you at with what Rubio is doing right now?

Yeah, I mean, what Rubio is talking about

is just a preemptive move to take somebody out

when they're weak.

And what he's talking about is religious fanatics.

And so, you know, Trump wants to make a deal.

Most of the, most of the Middle East wants to make a deal.

The UAE wants to make a deal.

Dubai, obviously Saudi Arabia.

But then we have in Iran these religious fanatics

who don't want to make a deal.

And they're irrational actors.

The problem that he's talking about is

they're the weakest that they've ever been

because of some of the pre strikes that we saw from Israel already.

But even bigger than that, you know,

talks of the enriched uranium 60% already getting close to the 90%.

Way above the 20% threshold they would ever need.

But the chart I was just showing you, Patrick,

is their ability or their production of ballistic missiles.

And it's going up in a parabolic, like hockey-stip type move.

And our ability to intercept those missiles

is not going up at that same rate.

And so, the problem is right now,

we're like, sort of matched.

But they're in the hockey-stick growth

if we can pull that chart up.

Iran is.

Iran is.

And the problem is they're like,

if we don't go now, then every day...

Can you protect that to me?

I'll send it to you.

Yeah, every day we wait.

We get further and further behind.

So it's like, if we see this as a significant threat down in the future,

you know, would we rather get them today

or try to have a much bigger war in the future?

Well, they keep referencing missiles.

I mean, everybody wants to focus on nuclear weapons.

But I hear constantly these missiles, ballistic missiles,

ballistic missiles, ballistic missiles, ballistic missiles.

So that's exactly what the administration is thinking.

It's not necessary about nuclear weapons.

And the other part about the weakness, too,

is the Iranian government is probably

at the weakest it's ever been to, given the uprising.

But are you saying that the longer it goes,

it's worse for U.S.?

Mark, is that what you're saying?

Well, yeah, definitely.

Because, like, what this chart is showing,

I just sent it to you right here,

is that there...

Iranian missile stockpile capacity is going up in a hockey stick,

but our ability to intercept these.

So we talk about this asymmetric warfare,

where they have the cheap drones,

$20,000 drone.

We have to send a $4 million missile at it.

And so the problem there we go.

There's the chart right there.

You can see here we are 2025, 2026.

But look if we wait till 2027 or 2028.

We're way off sides on this.

And so right now we are somewhat evenly matched,

maybe a little bit behind,

based off of this chart right here.

But you could see every year we wait.

It just gets harder and harder and harder.

That's not even counting the enriched uranium that they have.

And so if they do get that uranium from 60% to 90%

or whatever that level has to be,

I mean, then we're really behind.

Tom.

Yeah, you have to look at that.

You're exactly right, Mark.

And so this was the time to do it.

And here's why.

As this stockpile of increasingly lethal,

increasingly accurate missiles for Iran grows up,

now you have to, you cannot checkmate them

in a ground situation and they neutralize your ability

to sanction them and they neutralize your ability

to stop them.

While in the background they're arranging the uranium

and then they become a nuclear power.

And when that, so the missiles here,

creates a checkmate.

And then they're able to become a nuclear power

in the background.

You can't let it happen.

And what Rubio said is we're going after their missiles

and their ability to manufacture them.

So that's why you have all these secondary and tertiary sites

and people say, wait, there's no base there.

There's no base here.

That's armchair quarterbacking by Reuters and BBC

because they don't understand that what's being hit

is manufacturing facilities, Pat.

They're hitting surface-to-air missile locations,

radar locations, actually in order,

radar, surface-to-air,

air strips, aircraft,

then military bases.

And finally, now you get into the manufacturing.

And then you also, you know,

you hit the boat over there by Sri Lanka

to remove the Navy.

But this is the problem.

If those missile stockpiles have been allowed to increase,

they hold the cards and it's harder to get them to stop.

I want to show this.

I want to show this and get your reaction, Jeff.

So shout out to breaking points.

They did a great interview with Professor Jung.

Those guys do a great job.

Crystal and Soggard,

they won the bigger podcast out there in the world.

They interviewed Professor Jung.

This is a prediction he made in 2024

that everybody's talking about right now.

This interview got a few million views.

And everyone's saying, why would he make a prediction like this?

Go ahead, Rob.

So in this class, the semester,

I'm making three big predictions, right?

First is that Trump will win in November.

Second is that.

This is 2024.

The United States will go to war against Iran.

And the third big prediction is that the United States will lose this war,

which will forever change the global order.

So what do you think about what he's saying?

For him to say, why would somebody in 2024 make a prediction?

Does it go back to the stock policy?

Is he talking about, because his argument, I believe,

what he's saying is they're going to use the small little drones

to destroy multi-multimillion out of properties

versus their drones cost $1,000 to make.

Tom, are you concerned as much as what he's saying here?

The professor?

Well, I think many people made those three predictions.

Yeah.

And I think what you're seeing here is a multi-point effort against Iran.

And also, in the midst of this, so US will lose the war in Iran,

who's moving an aircraft carrier to the coast this morning?

France.

Why?

I saw that.

Because if our bases are hit and our assets are hit,

regardless of who started it, we've never invoked the NATO article.

We've never gone to the podium and saying,

we hear by call you to support and respond,

according to the NATO article.

The article is, one attack, all attacked.

And so Europe is very, the NATO players in Europe are very,

very nervous right now, that even though we'll sort of

you and Israel started it, but they're attacking you.

Gosh, don't pull us into this.

So Macron, no friend to Trump's right now,

an ally economically, but certainly not a buddy of Trump's,

but France's nuclear-powered aircraft carrier

to move to the Mediterranean.

And so you're seeing the rest of the world here,

and I think this is well orchestrated.

I don't think point three is going to come true at all,

because I think everybody knew the risk of point three coming true,

and that's what you're seeing here.

I would say that those three predictions were not that hard to make.

And the reason why I say that, number one,

I mean, after we had President Biden here,

and we saw who was running against Trump, Kamala,

I mean, Trump seemed to be a pretty easy pick.

I think the deep state was maybe throwing a little bit into the mix,

but I mean, Trump went in was obvious, number one.

Number two, would he attack Iran?

Well, Hillary Clinton, you saw that video clip surface in 2008.

He said, if I'm elected, I'll attack Iran.

And we understand in his first term,

he put heavy pressure in Iran,

so Obama had given him pallets of money,

and had ease the negotiations on nuclear weapons.

Trump went full court press on them.

Of course, when Biden came in, he pulled all that back again.

So you would realize that if Trump came back in,

the first thing he's going to do is go back after them again.

So I think prediction number two, as far as prediction number three,

what I would say is because during the Ukraine Russia War,

many commentators that I follow were talking constantly about the U.S.

is losing that war against Russia.

We couldn't produce diminishings for Ukraine to fight back against Russia.

And so the world just saw the U.S. lose.

A lot of people said that.

So I'd say those three predictions,

as you said, a lot of people made those predictions.

They weren't that hard to make at that time.

That is losing to Iran even mean.

And so I think what happens, again,

Trump wants to make a deal.

This is going to be negotiated out.

Some deal looks like this morning Iran is already floating the deal out there,

which is why markets are up this morning.

We haven't talked about that.

But I think there's going to be a deal made.

Both sides are going to say they won.

And so his prediction is going to come true.

Oh, Iran won.

Yeah, from what lens?

Got it.

That's definitely the important point, isn't it?

What are we actually talking about here?

What is it the U.S. is actually trying to accomplish?

Right.

When we lose a war, if we don't really know what we're trying to do.

What do you think they're trying to accomplish?

What they're trying to accomplish here is, as I keep saying,

this is Cold War II.

This is bigger than just Iran.

Yeah.

Not that Iran is not a big thing,

but this is bigger than just Iran.

That's the point right there.

We've talked about this before, Pat.

Panama.

Venezuela.

Iran.

Cuba is next.

Greenland.

The Trump administration is executing a strategy.

But they're doing it exactly one by one.

And it has to do with China and countering China.

And by the way, where are the Chinese?

Where are they in all this?

Yeah.

I think the Chinese are stunned.

They are absolutely stunned by the fact that the Trump administration

had the cajonis to do all these things.

And they don't know how to effectively counter it.

Because what is Trump really doing?

He's going to all these Chinese allies and saying,

I'll take you out.

Beijing ain't going to help you.

You're on your own here.

Yeah.

And you brought up the point about NATO and bringing NATO into this.

But Iran has a deal with Russia.

And Russia is supposed to be defending Iran.

So it's going to Venezuela, right?

They're standing down.

I'm busy at the moment.

Yeah.

They're standing down.

And so we're seeing that their potential allies are standing down.

NATO allies will stand up.

And so, yeah, I think Jeff has the bigger picture, right?

I think a lot of people just say Israel, but they don't understand the bigger picture.

Lock down the Western hemisphere.

If you look at the sequence of orders, first close the borders.

Then get the elite, the dangerous criminals out of the U.S.

Secure the homeland number one.

Yep.

Then go after Venezuela, which was a big piece, not just for oil, of course,

but obviously with trendy Agua and all of that that we have potentially there.

Then you move over to Iran.

It's very sequential.

If you look back, right?

We're really in a, also, we're in a technology race with China, right?

So they keep threatening the, the rare earth elements.

And so this is like the bargaining chip.

So Trump wants to cut them off from our high-powered chips.

They want to come back and they want to take away our earth elements,

which, of course, we need.

And as much as we need technology and the race to AI, you need oil at the end of the day.

And China is dependent on the world for oil.

So if we can restrict the oil, we have the biggest bargaining chip.

And now we have a level playing field.

And I think Jeff is right with that.

And by the way, what a great move for them to go take out Venezuela.

Like imagine if they did it the other way around.

Yeah.

So imagine they go Iran first and Venezuela second.

No, let's take out Maduro first.

We have control the oil here.

Now let's go there.

So China wants oil.

You got to come through us.

And if you don't get it through Iran, because I think it's like 80% of the oil that they get from Iran,

puts them in a tough place.

But the part I don't want to show you, because online social media guys are reacting to it.

This was the clip of Rubio that they're saying, look what happened.

The messaging changed within 24 hours.

One is March 3rd.

The other one is March 2nd.

Go ahead, Rob.

And this is Midestep.

That's why we needed to get involved today.

The President said that Iran was going to get...

Yeah, your statement is false.

So that's not what I was asked very specifically.

Are you there yesterday?

Yes, I am.

Okay.

And so the President made the very wise decision.

We knew that there was going to be an Israeli action.

We knew that that would precipitate an attack against American forces.

And we knew that if we didn't preemptively go after them before they launched those attacks,

we would suffer higher casualties and perhaps even higher those killed.

And then we would all be here answering questions about why we knew that and did that.

Yes, sir.

Jeff, how do you react to this?

Yeah, I...

Look, there's more going on here than people keep giving credit for it.

You know, it's...

It's tough to make statements like that to begin with when you're under pressure.

I mean, he's responding to a specific question.

I think you know what Mark and I were talking about.

It's somewhat of a distraction.

This is not really about Israel.

Israel and the US have a strategy that they're developing

and they're a game plan that they're following,

specifically to deal with the Iranian threat.

And the US is using that as leverage in their bigger Cold War strategy

against the counter-China, Russia and the other side.

So, you know, focusing on Israel here and making it seem like we're just following along with Israel

is just missing the point, totally missing the point.

Yeah, and it's interesting you say this because there's an old clip of MBS

being interviewed where she asks some about Khamenei.

Have you guys ever seen this clip?

Here's a clip of MBS being interviewed and she asks and makes a comment.

She says, wait a minute.

Is this really how you view Khamenei?

Look what he says about Khamenei. Go ahead, rap.

It's seen that you called the Ayatollah Khamenei the new Hitler of the Middle East.

You know, shit.

Absolutely.

Why?

Because he wants to expand.

He wants to create his own project in the Middle East, very much like Hitler,

who wanted to expand at the time.

Many countries around the world and in Europe

did not realize how dangerous Hitler was until what happened happened.

I don't want to see the same events happening in the Middle East.

Does Saudi Arabia need nuclear weapons to counter Iran?

Saudi Arabia does not want to acquire any nuclear bomb.

But without a doubt, if Iran developed a nuclear bomb,

we will follow suit as soon as possible.

It's seen that you call...

It's crazy when you think about it because Saudi,

pre-79 had a decent relationship with Iran under Muhammad Reza Shah-Pahlevi.

And now, who knows them better?

Who knows Khamenei better?

Who knows the IRGC better?

Social media influencers, mainstream media folks, or MBS?

Who do you think knows them better?

Of course a guy like this does.

So why do you think they're sitting there saying they're not allies?

We're not working with them.

We're not going to...

And by the way, FYI, just so everybody knows.

This is the part that, for someone who said,

well, you don't even know.

It's because of this.

He's bought. He's this.

It's a business deal.

It's that deal.

By the way, if Iran is set free and the sanctions are lifted,

and they can do business with the world,

Saudi takes a hit from business.

Because there's a new competitor in town.

I don't know if you understand what I'm saying.

Now you have a massive oil supplier that can sell to everybody.

You think Saudi wants Iran economically?

So imagine if Iran opens up, it becomes free.

They start building towers.

They start doing concerts.

They start doing events.

People start going there for vacation.

Like they used to in the 70s, way before Dubai.

What does that do to Saudi?

That's a new competitor.

Why would he want the regime to fall?

He wouldn't want the regime to fall.

Yet he still does.

Yet they're still supporting.

Why are they still supporting?

There's a lot of questions that comes up.

When you think about what's going on there.

But what are your thoughts when you see what MBS said about Khamenei?

Survival.

Like you said, I mean, Saudi Arabia doesn't lose everything,

but they lose quite a bit with Iran being a functioning state

and a competitor.

However, survival comes first.

And he understands the threat more than anybody else does,

because he's got to live next door to them.

He's seen it up close and personal.

I mean, we've seen it before.

So it really is a matter of this is just way too frigging dangerous

to just not just sit here and do nothing.

And that chart was absolutely fantastic, by the way,

because it actually does put everything into the right context.

Everybody said we got to do this and we got to do this now,

because if we wait any longer, it gets to the point where action becomes catastrophic.

I think a bigger piece that has to be taken into consideration

is that we, a lot of us, sit here and think about this from a rational mindset.

And so the whole thought during the Cold War, Jeff referenced the Cold War 2.0,

but in the Cold War, it was mutually assured destruction.

It was rational thought.

If you can kill me and I can kill you, then we have a standoff and we have peace.

But that only works with a rational actor.

When you have an ideological actor whose actual goal is to die in war,

they would rather die in war.

And then it changes the whole thing and you have to take that into consideration.

You're so right, because they do not have a constitution or something I want to stand on.

They have a suicide pack with an ideology.

And their ultimate outcome is the destruction of anything that is not aligned with that.

And then ultimately, they believe in this endgame.

And so you look at it, you wait a minute.

You don't really believe in a happily ever after.

Your form of world domination tightens the noose until the Shi'ai question is eventually solved.

Because the Shi'ai question is the last question and that is the last war of Islam.

When everyone else, but remember, it's first the Christians and it's the Jews,

then it's the neutral, then it's the people that stayed even more neutral.

It's like the old poem that was talked about Germany.

These people did something and I did nothing.

Then these people did something.

Finally, at the end, they came from me and I did nothing.

That is exactly the path they're on.

It's a suicide pack with the future.

And then at the very end, what most of us don't know,

the Sunnis and Shi'ai fight the final war to see who wins.

Right?

Which if you want to go back and look at,

that was how many years was that between Iraq and Iran?

The 10-year war wasn't an 80-80.

Yeah.

It's like, why?

So this is such a great point about the rational actor.

So what do you have to do?

You have to defame every part of the rational actor and put them in check.

And the way you put it in check is you somehow have to move the clerics out

and then move others in.

Remember the subway bombings?

The young men that died in those subway bombings were radicalized

to the point of committing suicide by the radical clerics that were north of London.

That is, look at it.

That's the way it works.

That page.

The wonder ones.

I give you that's my denim.

Well, I think two-town is, you know, we were talking about this too a little bit, Mark.

You know, Maduro Venezuelo was pretty easy, relatively easy,

because it was not an ideological state.

It was basically a criminal organization.

You take out the top, everybody's mercenary.

Who am I going to get paid by?

That's done.

The point you're making is.

And they were nearly bankrupt.

They didn't have a modern audience.

They didn't have anybody to pay them anyway.

Iran is different because there was this Israeli, I think it was an intelligence operative.

I can't remember where I saw the clip.

He's talking about, we are not interested in regime change in Iran.

We are interested in collapsing the regime.

Right.

Which is a huge statement.

It's exactly what you're saying.

You can't just change the Ayatollah.

Because the next Ayatollah, like you're talking about, with Camini's son.

He's going to be probably worse than the last one.

You have to collapse the entire regime because you are rooting out an idealist.

What's the difference?

The average person that's asking, Jeff, what do you mean?

It's still a regime change.

What's the difference?

Well, collapsing the regime means taking out the ideology and handing it over to somebody

who's outside of that ideology.

So you can't just get the next guy in line, like in Venezuela, because they're acting irrationally as Marx saying,

because they're a full believer in this Islamic takeover, the Islamic end state.

What I would say, there's a little nuance to that, though, because I feel the Trump administration has been pretty deliberate by saying

we're not going for regime change.

If we get regime change, great, but we're not going for that.

Of course, he's saying, hey, you know, Iranian people will rise up and take your country back and things like that.

But what Trump said is defang the regime.

So, hey, if we get regime change, okay, we get regime change.

But how about we just defang them?

How about we take away their ability to go attack the world and have these nuclear weapons?

And if they stay, they stay.

If they change, they change.

That's not the goal.

The goal is the defanging.

Don't you think deep down though, they're on board with the Israelis?

The way I see it as the partnership here is, the Israelis are going after the regime, trying to collapse the regime.

And the U.S. is, first of all, trying to protect their economic interests, but also supporting Israel by saying, look, you guys take care of the regime.

You know, you target where the clerics are meeting them to pick the next Ayatollah.

We'll take care of all the rest of the stuff so that you guys can do that and we'll do this.

And in the end, if it works, it works really well.

The chart you show is very important.

The reason why the chart is important, that you show with the missiles and the interceptors, Rob, if he can send that to me as well.

So I have it.

The reason why it's important is, if you don't, it's like, you know, it's like when Tom, when you guys sold jammed that for $680 million in 04, right?

And you were there, and you remember the negotiation is like, so why are you paying $684 now?

You said, I don't want to pay a billion next year.

That's right. I don't want to pay a billion next year.

So I'll pay $680 now versus a billion next year.

So if you don't attack now, and this keeps climbing, the longer you delay to do this, eventually you're going to be like, we can't do nothing.

So we have to just tolerate them.

So there's an element of urgency for getting that done now, rather than waiting for what could happen next.

I do want to go to a couple of things and then we can get off the topic and go to a different topic.

Here's what the president was asked about the next president, right?

On what's going to happen with Iran?

There's two clips I want to play.

This is about whoever becomes the next is going to get killed.

And then we'll go what he said about Reza Palabhi.

Go ahead Rob.

That could happen.

We don't want that to happen.

It would probably be the worst you go through this.

And then in five years you realize you put somebody in, it was no better.

So we'd like to see somebody in there that's going to bring it back for the people.

And we'll see what happens with the people.

You know, they have their chance and we've said, don't do it yet.

If you're going to go out and protest, don't do it yet.

It's very dangerous out there.

A lot of bombs are being dropped.

But I would say that would be about the worst.

Do you have someone in mind right now that you've said all the people you do have in mind have been taken out?

Well, most of the people we had in mind are dead.

So, you know, we had some in mind from that group that is dead.

And now we have another group.

They may be dead also based on reports.

Can you go to the Reza Palabhi question?

He loves saying that.

They're dead.

Well, he says it.

It's lots of emboules.

Go ahead.

But that he is dead.

Is he an option at all in your mind?

I guess he is some people like him.

And we haven't been thinking about too much about that.

It would seem to me that somebody from within might maybe would be more appropriate.

I've said that.

He looks like a very nice person.

But it would seem to me that somebody that's there, that's currently popular of this such a person.

But we have people like that.

We have people that were more moderate.

You know, these were radical lunatics.

And you know what they get?

They get nothing.

All they do is kill people.

Ready, set, go get your Toyota today.

With great deals on your favorite cars at your local Toyota dealer.

Like sporty new Camrys and stylish Corollas.

Visit Toyota.com to find out more.

Toyota, let's go places.

How many discounts does USA Auto Insurance offer?

Too many to say here.

How many discount will you stack up?

Tap the banner or visit usa.com slash Auto Discounts.

Restrictions apply.

Jeff, what do you think I would be said here?

I think, look, it goes back to what we're talking about here is that if we're going to do this, let's do this.

Right?

If we're going to do this, let's not do a bunch of missile strikes and take out some capacity.

Then have to do this four or five years from now.

That was the lesson from the Gulf Wars.

If we're going to do this, let's do it right.

I have to believe that he has something in mind.

This is not just, hey, let's just hope that Iran, the Iranian regime, collapses on its own under its own weight.

And that somebody just magically shows up, you know, a scissor or a Washington or something just shows up.

And everything works out.

I have to believe because they are executing a strategy, both a big picture strategy.

And everything works out.

I have to believe because they are executing a strategy, both a big picture strategy, as well as a smaller picture strategy,

that they have something in mind for what comes next.

I believe it has to do with the popular uprising, too, because they keep saying, look, now is not the time to protest.

Wait.

Wait for what?

They have something in mind.

Well, we'll tell you when the time comes that the regime is on its last legs.

You guys rise up and take it.

That's the optimistic scenario.

I hope that's the case, and I think that there's probably a reasonable chance that it is.

You know, for most people that don't know their history, they know that we had the Cuban Missile Crisis.

What most Americans don't know is from about 1940 to 1950.

There was 10 years that there was a democratic government and system in Cuba.

Was it corrupt? Yes.

Were there problems? Yes. Were there assassinations? Yes.

But it wasn't Castro.

And then this guy shows up, I think it was 1950 to 1959, Batista.

And it was even more corrupt, and it got weird, and it opened the door for the revolution in 1952.

And what do we get?

Fidel Castro, forever.

And that's exactly the lesson here.

The lesson here is that, you know, think of that time in Cuba in 1944, 1950, as Iran before 1979.

And if you're not careful during like Batista with the Ayatollah, you get what you get.

And it goes a hell of a lot longer than you think.

So if we're going to do this, we need to do it.

And it's not just regime change, it's regime collapse.

What happened was Cuba's government, even though it was corrupt and cumbersome, it collapsed.

And now you had a long-term military dictatorship with no economic help for the people.

And we all know how it ends.

So right now, you can't just, you know, as Clinton did, throw a couple of cruise missiles into Bosnia and say,

see, what do you think of that?

You got to go in there and you can't remember that?

Yeah.

And he said, yeah, we dropped cruise missiles in Bosnia.

They did what?

How many barns were destroyed?

You didn't change anything.

And Bosnia, Herzogovina, and all the horrible genocide that was going there continued.

You have to finish the job and open the door for the people to establish new, not regime change,

regime collapse to bring back the glory.

And by the way, people are going to think I'm crazy.

Look at the pictures.

Look at the film.

Bring back the glory of Iran from 50 years ago that stopped 47 years ago.

Go look at that.

That could be brought back.

Maybe lost at all this is that there is that optimistic scenario.

Again, the Trump administration, to me, seems to be playing like a traitor.

We talked about this, Mark.

They're looking for a traitor.

A traitor.

A traitor.

Traitor.

Yes, a traitor, not traitor.

I know.

I want to make sure that.

Thank you for clarifying that.

Are those two?

No.

Yeah.

But no, a traitor.

What's a traitor?

A good traitor looks for asymmetric bets.

They'll take risk if the upside is absolutely huge.

And a free Iran is an absolute.

It is worth the gamble, I think.

I think that's what the calculation.

Look, it's the downside is really bad.

The upside is really good.

We think we can do it with Israel's a partner.

And I think that's what's taking place.

And I think the temperatures are going to go even higher as this extends.

Noise is going to get higher as it extends.

Markets are going to be volatile.

Markets are going to be volatile.

You know, be and we'll get into that here as well.

What's warning their green?

What Joe Lonstill.

Big time red.

I had Joe Lonstill on last week from Palantin.

And he said something very interesting about do it the way the Romans did it.

Okay.

On what to do with Iran.

And by the way, he said this two days before the war before we attacked Iran.

So watch this clip your billionaire co-founder of Palantir.

He hired a first few hundred employees at Palantir.

Watch this.

Go forward.

You're here to two arguments.

I think they're going to do a surgical mission the way they did Venezuela.

And it's two days before.

And here's what's going to happen.

And then the other side is like, how do we know that for fact?

So if I was in charge, I'd be very Roman about it.

So I don't know.

This is not appropriate.

But I'd be very Roman.

So you know, the Romans would do.

You'd go and you wipe out the leadership class.

You're all dead.

And you say, okay, you guys are now in charge.

We're going to make a deal.

Or we're going to kill all of you, too.

It's up to you.

Because you don't have the IRGC.

We're just in charge again, probably, right?

Because there's a guy.

So they guns.

And so, okay, now here's what we're going to do.

We're going to make a deal.

Here's what's going to happen.

Here's what your public's going to work to be free people.

And if you don't do that, then we'll kill you all in six months.

And we'll give you another chance.

But I don't think we should be occupying ourselves.

I think Iraq was terribly run.

I think trying to go and have people over there as ridiculous.

But should these guys who have acted like they've had, who spread terrorism around the region,

who have tried to kill Trump, who have killed so many people,

should they be allowed to get away with that in a way?

No way.

I wouldn't let him be a good way.

I'll tell you that.

How much do you think the attacks are going to be a collaboration with Israel?

Well, Israel has really good intelligence there.

Very region.

And so, obviously, if you're doing something,

you need to work with your allies to do as far as possible.

You can pause and respond.

So, I assume that's happening right now.

I assume it's like, hey, you're going to be the next leader.

You're next.

You're going to be the next supreme leader.

You're next.

This morning, I was reading an article or watching something.

That's it.

The president of Iran, Pezish Kyan, right now,

has decentralized power and decision-making

and has put it on the governors.

Where it's like rather than waiting for us to make the decision,

what do you think is right?

Make the decision.

And I think the reason why they're doing that,

because they don't know who's going to be alive, who's not.

So, rather than waiting, I said, what do you want me to do?

What would you like me?

Should I attack?

Should I not?

What do we do next?

Listen, what do you think is right?

Go do it.

They have gotten to the point that they have to do that,

because you know, it's...

You'll typically have a general to call.

You'll typically have the commander to call.

It's a very different approach.

Now they're taking it when it's decentralized.

And we'll see what happened with this as it's going.

Jamie Diamond was asked about how this affects the economy.

Here's what Jamie had to say.

He says, Iran's conflict won't be major inflationary hit.

Rob, I don't know if you have a clip on this.

I think you do.

Go for it.

As people kind of think about the potential ripple effects

of higher oil prices, for example.

Obviously, today's move is just one day.

Do you see a risk that this could lead to sustained inflation

over the long run?

Not.

I don't think this thing an isolated way will.

I think there's some risk that's more inflation than people think.

And that could be like a skunk and a party if that ever happens.

Hopefully, it doesn't happen.

And, you know, no one actually knows.

But, you know, this right now will increase, you know,

gas prices a little bit.

And again, if it's not prolonged, it's not going to be a major

inflationary hit.

Again, if it went on for a long time, that would be different.

Another concern that I've seen mentioned out there is the risk

of retaliatory cyber attacks, banks being a potential target there.

How concerned are you about that?

I know that's something that you mentioned in your letter about a year ago.

I think the most important thing is that we keep the Western world free

and safe in democracy.

You know, and people like this have gotten away literally with murder for 50 years.

So, that's far more important.

But, you know, as a corollary to that, you got to expect there will be cyber attacks

or terrorist attacks either here around the world.

You know, banks may be targeted so many, you know, plenty of other people.

And we always try to be prepared for that.

We never try to predict when, why, where we spend a lot of money protecting ourselves

for cyber things, part of our job.

But I've always said, I would consider one of the highest risk banks there.

Not just the cycle, cyber.

Yes, I remember that from your letter last year.

And of course, we are here at the leverage.

Tom, thoughts.

So, Jamie Dimon is speaking at the Global Leveraged Finance Conference.

Translation.

This is where they have their butt hung out with billions and billions of global leverage.

Translations loans to the rest of the world.

The only thing he's going to do is be a Secretary of State and try to talk about calmness.

Especially sitting there at his own conference on global leveraged finance.

The last thing he wants would be to make some spook comments.

Because Jamie is probably one of the few voices in America outside the Fed

that can move a market like radically.

Because a lot of people fall behind him.

Snyder.

Yeah, Jamie in inflation, there's a tortured history there.

I mean, last year he talked about how tariffs were going to create

much more inflation than people were expecting.

At the same time, the JP Morgan was buying US Treasury bonds, hand over fist.

So you never know what he's actually.

But you're right.

He is more of a politician than anything.

And so his whole point here is to maintain calm.

He realizes that if oil prices go higher, it's going to create a bunch of trouble.

There's already trouble percolating up in the credit markets to begin with,

especially in private credit and leveraged loans in particular.

So he is, yeah, let's keep this at the absolute minimum

so that people don't get too upset about what's taking place.

Mark.

Well, I think, as you said, I mean, when Jamie talks, you have to listen.

He's one of the few people that can move markets as you said.

He understands what's going on.

Now, of course, he has to talk his own book and his job is to calm the market, so to speak.

But I would say, you know, as far as is he right or wrong, of course, he's right.

It's pretty obvious.

If this is a prolonged conflict, we're going to have inflation for any number of reasons

and we can go through the list of what those are.

If this is relatively short, it gets wrapped up in four or five weeks, as Trump said, maybe it will.

Then probably it's just a little blip and it's not a big deal.

But certainly we already see a little bit of uptick and oil prices, a little bit of uptick and gas.

I think not only about prices going up because of supply chains and oil prices, et cetera,

but also because of the sheer amount of debt and monetary stimulus we're going to need to fight this war as well.

So if it's prolonged, yes, we're going to have inflation.

And I think Trump ran on a couple main points.

Number one, bringing inflation down.

Two, having markets do very, very well and three, peace, no wars.

And so a sustained conflict takes away all three of those points, but two anyway, to Jamie's points.

If this is sustained, yeah, inflation's going to be a problem.

Okay. All right. We'll see.

I mean, last time, Rob, we ran a poll.

The poll was, how long do you think this is going to last?

And what was the number 57% less than four weeks?

Some 50 to 60% less than four weeks?

Are you guys in the same spot?

You're not?

Okay. Why don't we do this, Rob?

Why don't we do this longer?

Don't say anything, Rob.

Run it, run another poll, identical.

Because now it's been how long?

It's been five days, right?

Saturday, Sunday, Monday, Tuesday.

We're now, today's Wednesday or Thursday.

I think today's Wednesday.

Five days.

Ask the same exact question.

And I'm curious to know what the audience is saying on how long they think it's going to last now.

And pull it up on Paulie Market, too.

The Paulie Market has it up and open.

Calcium, Paulie Market.

They have it.

Okay. We'll take a look at that as well.

Rob, if you want to pull that post at, I'm curious because I'm sure there's a calcium on that.

100% there's going to be calcium.

Rob, did you post it or not yet?

Oh, I'm posting it right now.

The other day, Paulie Market had like 50% ending in like 12 weeks.

Ending in 12 weeks.

Yeah, 50%.

A couple days ago, I don't know where it's at as of today.

What do you think it's going, Jeff?

I think this is more complex than people want to give it credit.

Four weeks, I think, is overly optimistic.

This is a very complex operation that takes time.

And unlike previous administrations, they're, I mean, they're absolutely right talking about this.

I mean, think about the first Gulf War.

As soon as it got into the complex part of it, the Bush administration said, oh, we're done.

They stopped way shorter where they probably should have.

And I think it was a realization that to go to the final lengths that they wanted to go to,

the final lengths that the Trump administration wants to go to,

this is not a four week operation.

This is a complex operation.

It's going to take time.

It's going to take an investment.

I think they're laying the groundwork for that to take place.

That's why they're saying four weeks, maybe five.

We'll see how it goes.

But that doesn't mean it's going wrong.

It just means it takes time to do what they're trying to do because what they're trying to do

is not have to do this every couple of years.

Yeah, it's funny.

Right now, if you look at the poll, Rob, if you want to pull it up, is that it?

Yes, sir.

Okay, it's 2000 sample size, a little over 2000, 25 percent less than a month,

one to three months, 44 percent, three to six months, 12, six months plus 19.

Now, when we did the same exact poll on Saturday, look what Saturdays look like.

You have a picture of it, Rob.

If you just want to, it's going to be a little bit pixelated.

How long do you think the last 6000 votes, 47 percent less than a month?

And that is now flipped from less than a month to one to three months in five days.

So I'll take the one to three.

You'll take the one to three.

I'll take the one to three.

And I say that based off of Trump seems to have this pattern.

So if you look at this pattern that he has where, if we look at the tariff negotiations, for example, right?

He comes in and says, hey, if we're going to make a deal and I'm going to take everything from you, really, really strong.

And then he sort of like backs off like make a deal.

Then he started moving warships over, started staging them.

So we saw it happening with Maduro as well.

Started staging the ship, started applying pressure.

And then he backs it off.

He starts kind of seeding the news stories like, hey, there's probably a deal coming.

Then no deal happens.

And so you see these waves of power.

And so when we look at the tariffs, when we look at Maduro, Venezuela, et cetera.

I think about six to 12 weeks seems to be about the time frame that it takes to go from like that, that sort of first pressure to get in the deal done.

Do you have the calcium numbers, Rob?

And we'd have to say what done looks like.

Yeah.

And so when I say done, obviously to your point, this is probably going to take a long time.

But what I would say what done looks like is is where the war de escalates.

Yes.

What is this?

When the Straits of Hormuz is no longer any threat, and then they can still do whatever it is they need to do.

It's really the active conflict that leads to potentially escalating, escalating branches.

I mean, that's that's really what we'll see that part.

Go back to the calcium wrap.

Is that the one that we're looking at?

USC Ron nuclear deal.

Oh, that's a whole different thing.

I think that part.

I don't, again, if it's a regime change versus regime collapse, who the hell isn't negotiating nuclear deal?

If it's about regime collapse, there is no nuclear deal.

We're not doing no nuclear deal with you.

It's just, there is no conversation similar to how, and this says what?

This says who the next leaders are going to be?

Yes, sir.

Well, they have this one figured out.

Seven million.

Seven million dollars.

Waged on this one.

Interesting.

By the way, you know who's quietly coming up, Tom, who's getting more press than JD.

If you were to right now, go and look, look at minutes on TV.

Okay.

The last 90 days.

Who has more?

Is it a hexet or rubio?

I'm so hexet or JD?

Yeah.

90 days.

Oh, it's hexet and rubio over JD.

So you realize that you want to look at as they should right now.

It is as they should right now.

But that's also, you know, a lot of these calories have JD at the top.

Now, hexets coming up.

So imagine this ends good for hexet.

Now you have a three-way race of who's going to be running for 2028.

You have JD.

You have rubio, and you have, you know, a hexet wanting to put this at it.

Did a rubio say if JD runs, I'm not going to run?

He did.

But let me tell you, the people that are in his ear, they have a lot of work to do.

Kind of shift his mindset to be like, look, you know, you don't get them.

Think about how hot this antis was in 2020, 2021.

Remember how hot he was at one point, and he won by 34,000 votes first time,

second time he won by a million and a half.

Check how many chances you everybody forgot already what the Santas did.

The Santas is news is yesterday, right?

If this is happening right now, hexet may want to get involved and participate

in some of the stuff that's going on.

Just hopefully we forget.

Because remember that we were talking about that for three days on a national level.

Not just this podcast.

Which one?

The one on a national level when the re election of the Santas.

Oh my gosh.

He won, date County.

Remember that a Republican one day.

County.

It was only Orange County a small part of Orlando he lost.

Oh my gosh.

He's on a roll.

And guess what?

One season later.

There you go.

Yep.

Yep.

So that's why we don't know fully what happened next.

Roll quick, I have the touch on the story because it's something that happened.

Bill Clinton, Rob.

Bill Clinton.

You know, him and his wife have had an interesting week.

Weak it is funny when his lawyers like stop looking at picture give it back to me and then bill kicked it

I don't know if you got that or not. Yeah, it is so funny Rob. What do you have here?

That was like smiling and nodding. It was creepy. Did you guys find that creepy that you you kidding me?

Of course it's creepy, you know, some of the answers he gave which ones do you have Rob? You have quite a few of them. Yes, I have

Asked why Epstein said that Bill Clinton liked them young

I have

Bill Clinton talking about president trumpet if he was involved in anything improper with Epstein as well

I guess one of the ones you can show you can show that one. Do we show that last week or not yet? No, we talked about it

But the clips did not get the one when they're showing a picture of a girl and a lawyer takes it from him

And then he takes it back. I'll find that. Do you know which one I'm talking about? Yep start with one of them right now

So we can look at because you know Hillary Clinton was definitely furious, but let's start off with Bill first

I hate this, but because I don't believe I should inject anything

But I do not want to leave the impression

In the sense there was no follow-up question

He never the president never this is funny something years ago

Never said anything to me to make me think he was involved in anything improper with regard to

Epstein he just didn't

That's the truth I would you know

As I said earlier

The only conversation I have with president trumpet about this was in the early 2000s

And I have no information

That he did anything wrong. I just wanted all out there

I want everybody to get it all out there and will everybody see where we are

What do you think about that Jeff?

Where do you start with all this stuff?

It's look Clinton is Clinton, but

Is he being lawyerly here? You know, I didn't hear Jeffrey Epstein say

He had anything I mean the context bill right the context. What were you doing?

But I think the bigger question about all of this is did they get anything out of him?

Did they get anything out of Hillary did they get anything out of bill and I'm not sure that they did

Which is why I think Hillary was upset and not to defend Hillary here

But what she was upset about was the fact that the congressman bobert leaked a photo

Which

Why leak a photo if you're getting some if you're getting somewhere

It's it's to create sensationalism in the absence of finding something that you were looking for so that's what I mean

At the end of the day is this another waste of our time. I mean because look the Clintons made a huge deal out of this

They they were threatened to not show up to Congress. So it's like they had something to hide

Did Congress actually find out what they had to hide and if they did, what is it?

Because I know this is another one of those that looks like another dead end

All right, so I want to show you three clips Rob go to the first one. I send you three of them and then we'll go to the next story

The first one is not this one. It's the other one where to grow pull the lawyer to the left

Swipes the paper. I text that one to you as well. I texted three clips to you. Yeah, is this it? This is funny. Watch this

What's this?

What's this?

He's smiling. Yeah

Okay

Mr. President, we have about five minutes remaining in the majority's first hour. So I just want to ask you

Some questions related to

The crimes you you can go to the next one about the painting because the painting story is funny

Now, tell you why this is funny. Go ahead submitted to the record. We have a painting

That seems to be of you Mr. President found in one of Jeffrey Epstein's residences wearing a

I would categorize it as a famous blue dress worn by

White House the White House intern Monica Lewinsky

And I have this image here. This image is being passed around if

So Mr. Mr. President we are looking at an image of a portrait

That is

looks to be

You Mr. President in this blue dress. Can you describe this painting and

He doesn't need to describe the painting you just gave him a picture. What's your question? My question is are you familiar with this painting?

Have you ever seen it in person? I've never seen it in person

Do you know why someone would paint this? Are you object? That's that's cause for speculation. You can ask the artist and

If I had known Jeffrey Epstein had this painting

You're gonna save me this whole day

It's funny with that blue painting. He says he hasn't seen it right? Well, this is the tricky part

I had Michael Wolfe on Michael Wolfe had been at Epstein's place in Revenue 400 hours

And I ask Michael Wolfe Robb if you go to minute 20

There you go go to 21 30 I said hey, what do you know about this painting?

Did you ever see this painting in his place? Which by the way we know

That the president has been to Epstein's rob we know that president has been to Epstein's house multiple times right

According to the president he said he's never been to the Zoro Ranch property not the Zoro Ranch

I'm talking about the Manhattan one

I'm not sure about the Manhattan the only things I saw him talk about in the in the deposition was the island

Which he claimed he was never to and the New Zealand the New Mexico ranch. He claims he never went to okay play this clip go for it

Octane to this private residence you know how they say that painting of

President Bush and Clinton did you ever see those two paintings in the in the

property? I I don't know the the president bush. I saw I saw that one it was in a little a little it was in a

Basically in a closet off the main entrance. Did you ever ask him why he has that's a very weird painting for you to have of a president

In a dress and a painting in a in a in a painting. That's kind of weird

Yeah, I think it was a joke painting. You know at one point. I never saw that painting

So I don't I don't know where where the bush painting is from

I have seen the Clinton painting and

You know it was a

A joke the nature of the joke. You can pause exactly

You got to keep on my Michael wolf is not necessarily the biggest Trump fan himself. So he is a guy that

It is is probably more Clinton than it is, but you know to say that painting didn't exist

Uh, a lot of people know about that painting. Who knows whether he's seen it or not

You know the we know what the painting means the blue dress. He did say it was in a closet

He did say I mean, I'm no fan of the Clintons, but

He did say it was in a closet. Yeah, he said right next to a closet that you could see

If it wasn't a closet, then what is Michael wolf doing in the closet? Yeah

You know what I'm saying. I mean, it's even a little bit more concerning

He kind of looked like he knew the painting and it was like this is an inside joke between him and him. Yeah

That's what I mean, that's the reaction

I you know what you know what the blue dress is. Yeah, it's Monica Lewinsky's dress. Yeah, so

Uh, he was chocolate. Yeah

And by the way, even the lawyer was chocolate the lawyer was juggling like I can't believe my client such a big playboy

But I got to defend him here today, but then go to the Hillary one and we can move on with this because

here's uh

The amazing Hillary Clinton go ahead

I'm in other photos that are being released

Of the secretary as she is testifying from inside this room

Can you please advise me as to whether or not that's permissible and consistent with the rules

Particularly given that we have asked for public hearing if there are photos that are being released of the secretary

She is testifying. Can you please explain how I've done with this if you guys are doing that. I am done

You can hold me and attempt from now until the cows come home. This is just typical behavior

Oh, so I would like to understand how that permissible

It doesn't matter. We all are abiding by the same rules. I will take that down. Yeah, well

I would like to take a break at this. Yeah, I'd like to have done for now

That's pretty bad on who's end. That's pretty bad

I

For the for bobar who posted that. Yeah. I mean, why would you do that? I'm with you there. I'm with Hillary on that one

Yeah, sorry. I it's it's that was there's no reason to do always know you were a big Hillary support. Yeah

Come on now you're killing me

I mean you have forcing you to support him. Yeah, you're forcing me to support him

No, the Republicans are forcing me to do that. I agree. I agree. I agree. You can't do that

If you look to quorum and power you need to corner the witness with

This and you need to avoid avoid the side show and this created a side show. I will say this Clinton looked old

Yeah, Bill or Hillary it like the handshake. Yeah, I mean you looked older than I remember just from recent media and stuff

And it's really shocking because you remember

He and Trump are exactly two months apart

Trump is in the middle of June. I think Clinton's middle of August or you're right

But I've heard that they were two months apart in age

But which one of them looks more vibrant right now. It's not yet. Yeah

It's not even cooler. There's a red thing that they're talking about with the president

There's still some stuff that's going on that they're

Sure talking about the president, but you're right. It's not even close the energy and by the way

Imagine how when have you gone a day or two that you haven't seen a president on the screen talking to somebody? Yeah every day

He does all hours of the day. Yeah all hours of the day

I'll go back to something that Jeff said though like why would they post that like if they had something

They probably wouldn't be trying to cause that uproar. Maybe maybe not

I think probably all of us not to speak for everybody

But I think we're all pretty disappointed in how slow the government's been going through this Epstein stuff

Like where's the arrest like I think a lot of us maybe thought we knew it was in Epstein files

But to see it confirmed. I mean it's shocking how terrible it is and so where where are the arrest where's the action

However, however, I'm no attorney obviously, but like these cases do take time to get built up

So I wouldn't jump to the conclusion that they didn't find anything to your point

They did make a deal to show up so that meant that they probably did have something there otherwise

Why would they've asked for a deal?

There is maybe something came out. Maybe I'm maybe I'm hopeful here

You know who's next lot Nick is next. Yeah, and they won Malani and they won Charlie coming. He's voluntary coming

Which is great. By the way, this is great. Do it. That's you know, it doesn't look good for him

It doesn't look good for a fan of let Nick. Yeah, it doesn't look good for him

Yeah, it doesn't when you come in multiple times saying nothing to one time

It's a bad look and the constant smiling like what's the big deal. I think that's also

A bigger thing that the frustrates on people. But let's get to the next story a massive story broke guys

You have to see this. This is massive. This is heartbreak and some people are saying this is bigger than the Iran story

It's not getting enough credit

But low key a lot of people are paying attention to this of what the CEO of McDonald's just did

The CEO of McDonald's tried to do a publicity stunt

To introduce the new burger that they're launching which is called what the big arch

Rob is it already out or not yet?

Uh, I'm not sure if it's out. I'll check. Jake. Is it out? Do you know if it's out or no?

Okay, this is the PR tour. Okay, it's supposed to be part of the story

It came out today. Beautiful. Let's say let's cancel a podcast. Let's go guys

So here's long for lunch him eating

The McDonald's a new big arch burger and then obviously right afterwards burger kings like this is a massive opportunity for us

Rob maybe don't go from the beginning because people will it's a cure for insomnia

But yeah, if you can play it from the go for it from right there. That's fine at two

quarter pound patties a delicious big arch sauce

And of course some lettuce. So oh, there's so much going on with this first of all

Let's try to get this thing

I don't even know how to attack it got so much to it. Oh, there's also some crispy onions on here as well

I see those kind of coming out like a vegetarian

All right, the moment of truth

Come on buddy. Take that is so good. That's a big bite for a big arch

It's distinctively McDonald's only McDonald's could do this type of burger

But it also was unlike anything else on our menu. Okay, so delicious sounds like a nice guy

Do me favor go to the burger king seal and watch what he does here. He doesn't even say anything

He just puts on a

Kitchen what do you call a chef's

Apron and then takes a bite out of it and go ahead Rob

That's a bite

Not bad, right? Only one thing missing a napkin

For yeah, so what do you do when you look at this? What do you say?

Mr. Ciel respectfully. You're not a personality. Yes. Yes. That's somebody in marketing should have said

You're not the guy to be out in front of this. Yeah, you're kind of robotic

You don't look like a human in some case you look like the burger king

You look like a vegetarian the burger king guy look like he should be eating burger king

Yeah, that's guy does not look like it like if I put my marketing hat on for a second

It looks like what he was trying to do is show how big it was and he's like oh look at his two patties

It's gotten it's like it's so big. Let's see and what do you say? Let me see if I can get my mouth around

But isn't that even overthinking it? It's just it is and so he's robotic and they coach him

And so then he's trying to make it look big by taking a small bite is probably what they told them something

It was a marketing thing. It was it was it was bad. It was horrible

Well burger wars have been going on for a while

But by way, we have a

Value team and has a case study that's going to drop this week on the burger wars

coincident enough we shot it last week

And what's amazing you think about it?

McDonald's if you took the top 10

A burger chains pat what percent of the total revenue of all top 10 combined is McDonald's what how much which one?

55% really of all the top 10 they are last year

They were 57 billion dollars. They grew six percent last year when most nobody else grew and

Wendy's has been rumbling stumbling burger king is about to leap program set place 11 billion bucks

They're gonna leap probably 27 billion versus 11 billion

And the boutiques are doing great and an ounce doing great water burgers doing great. Those are the boutiques

But what's really interesting is McDonald's on a roll remember what happened

Just a couple years ago

McDonald's was kind of flat with growth and they had this guy Steve Easterbrook was her CEO

Do you remember what happened to him?

He was caught dipping the French fry with a member of his staff and

He suddenly resigned and they had this big settlement and because he lied to the board the board

Sue him and for the one of the first times in US history a

Exiting CEO that had this big parachute package had to give the parachute back 100 million dollars

So what parachute what do you mean parachute like

They gave him a parachute is like a couple different meanings. Well when he when he was dismissed

They gave him a hundred million dollars to go away as part of his contract

But then the board realized just how much this Steve Easterbrook guy apparently had deceived the board

And they actually sued to get it back and that's rare

Usually have America sitting there slack job saying so a CEO gets fired and he gets $25 million to retire

Well, I don't know if this guy would talk dirty the right way

So they don't have to worry about that

No, this guy this guy is going to say wow

How big this burger is

Are you ready to go for it right now you're about to get it

Yeah, I don't I don't know if I see that happen. So the board is pretty fine with them. By the way

I looked up as boy his background. He's been the president CEO since 19

He was a chairman the board since 2024 Duke University grad

Harbor he got his MBA. He was at proctor and gamble started and brand management then went to Boston

Consulting group BCG. So he's a consultant then went to PepsiCo

corporate strategy and later VP of marketing then went to craft foods

A EVP of growth initiatives president of craft international

Then he joined McDonald's as the EVP of strategy

Then he became president of McDonald's USC running 14,000 restaurants then he became the CEO

So he's a guy that's a corporate guy that's moved around a few different places

But he's been at McDonald's for a few years regarding shareholder. You like this guy. Yeah, you do the transition of Steve

Mr. Brooke. He's done a great job. Yeah, he's just not a guy for the commercial see him at the ninth club

You're not going to see him out the party in hardcore

I was gonna say regarding regarding McDonald's I have a friend who owns about a dozen McDonald's franchises

He's second generation his father owned a bunch of franchises. He was able to buy some of those from him

And he is he's about my age and he's trying to exit all of his franchises as quickly as he can

He said that lots of people are doing that. He said that the DEI policies have gotten so bad inside

That what's happened is they don't allow them to now buy and sell McDonald's franchises freely

And so now they have to be sold to DEI candidates

And so what that's done is it's lowered the value of his franchises now wow

So now he's not able to sell them for the value that he would have before and he said it's just getting worse and worse

So he's trying to exit all of them and he has kids like I'm like, why wouldn't you get your kids like you got him

He's like, no, no, the value is going down so fast. I'm exiting all of them right now

I thought that was kind of interesting

We had a call with the chief expansion officer of McDonald's probably about eight months ago was a zoom seven months ago

About opening up and and the McDonald's in Armenia

And by the time we were done with the conversation it wasn't something they were interested in at the time because of risk protection

Military they have a certain program

A structure they use on expanding into different countries and they said not right now. Maybe later on

but