00:07:45.040And if we look at the year-over-year numbers, year-over-year headline, 3.5, three-tenths less than expected,
00:07:51.900much less than the 4.2 in the rearview mirror.
00:07:54.600That would be the lightest since March of this year when it was 3.3.
00:07:58.740year-over-year core, 2.6, two-tenths less than expectations, three-tenths less than the rear-view
00:08:06.280mirror, 2.6 equals March, 2.5 brings you to February of this year. All right. He's very
00:08:15.240enthusiastic. I love someone that enthusiastic about numbers. Holy cow. So basically, it comes
00:08:22.280down to what he says so um 2.6 all right so four years ago with biden it was 9.1 so that is a
00:08:30.920delightful drop um so i hope everyone's happy with that marcella do you have any um inflationary uh
00:08:38.600commentary yes i do um it looks like this is a good time for for president trump because he
00:08:47.240appointed kevin barsh to the feds the federal reserve and so then he can maybe bring down the
00:08:55.220interest rates you know because he had an issue with too late pal um so maybe kevin like i know
00:09:04.100him hey kevin do us a solid okay can do that however there's there's this uh so we're doing
00:09:12.600better than we thought uh there was also good news and car prices have gone down shelter and
00:09:18.440apparel have gone down but there's this middle east and a possible continued conflict which could
00:09:27.080affect the numbers in the future uh in july and in august we'll see all right we'll see
00:09:34.700middle east let's get through that really quick i have a very short clip here um and we'll chat
00:09:41.140about it for a couple of minutes because we want to get right to Scott after that. Hang on.
00:09:44.580We're a little less than 10 hours now from the blockade officially going into effect. And with
00:09:48.820that, we've seen a flurry of activity of Iranian strikes on commercial shipping crossing the
00:09:53.420straight. The United Arab Emirates reported that two ships were hit overnight. And just a few hours
00:09:58.600ago, the United Kingdom Maritime Trade Association reported that another ship was hit just off the
00:10:03.460coast of Lima Oman. This was a ship following the southern route through the straight established
00:10:07.840biomon in defiance of the iranian route to the north yesterday a cypress flag container ship
00:10:12.960was hit that flurry of activity coming after the president announced a u.s will impose a blockade
00:10:17.840take control of this strait and charge 20 of all cargo as reimbursement for providing security
00:10:25.600imagine you're you're out there in one of these ships you're like what do i do
00:10:29.920you know they're sitting ducks so i mean i i hate this story because it just never ends and it keeps
00:10:37.360changing and then not changing and changing and not changing so it's like so hard to talk about
00:10:42.160it um i don't know marcella what do you say about it i mean that it's always uh like
00:10:50.560we're on a ceasefire we're not we're you know you know so it's kind of hard to deal with
00:10:56.800economically you know this is not what what we want because there shouldn't be any instability but0.98
00:11:04.240You know, the Middle East is known for incivility.0.63
00:11:06.880And I'm sure that those sailors or, you know, people that conduct those ships are kind of already kind of jaded by it.1.00
00:11:16.780Like they already know it's going to be like that.
00:11:19.960There was threats by President Trump, again, in regards to the Strait of Hormuz and controlling it and even charging a fee by the Americans because they need to get paid.
00:11:32.920You know, it's kind of like Scott would say, you know, you need to make something out of nothing.
00:12:02.620But I just think it's a way to negotiate this agreement because they weren't taking President Trump seriously.
00:12:11.320So this is they haven't really hit any any facilities, you know, where they killed many people or anything like that.
00:12:19.320They did hit some private ships, though, which is not cool.
00:12:24.180You know, they weren't they weren't military or anything to do with anything.
00:12:28.260and i was just like you know i mean there's like no rules anymore in in war which is kind of scary
00:12:34.100um i think iran hit some private ships no yes yeah i was like oh sorry that wasn't yeah
00:12:42.420well everything's allowed in love and war i don't know uh i'm sure there's rules to it and
00:12:49.620the geneva convention and all that but um but the interesting part is what iran is trying to do
00:12:56.820So Iran, I'm trying to look for it. Iran was threatening the Gulf states, any of them for helping the U.S.
00:13:06.920And it calls it an act of war if they help the U.S. or Israel.0.65
00:13:13.420And so that's very interesting because it's the first time we have, you know, it's the first time visually that we have this division between the Sunni world and the Shiite world, and even the Shiite world is separated from Iran.0.57
00:13:31.460So they're kind of, you know, it's kind of playing into the hands of President Trump, because I think instead of helping them, I think it's isolating Iran and not there.