04-23-26 YMS HR3 War and markets, airlines fuel shortage vs rate increases and Sounds Of The Day!
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Transcript
111 segmentsThis is an IHeart podcast. Guaranteed Human. Most dog food brands don't really want you seeing how their food is made. Just food for dogs is the opposite. They actually invite you in. You can walk into any of their kitchens and see real human-grade ingredients like chicken, beef, carrots, and peas being prepared right in front of you. It's real food, made in real kitchens. Nothing is hidden behind labels. And that kind of transparency says a lot. Nothing to hide. Everything to love. Go to JustFoodforDogs.com and get 50% off your first order. Wasn't that delicious? So good. Your bill, ladies? I got it. No, I got it. Seriously, I insist. I insisted first. Oh, don't be silly. You don't be silly. People with the Wells Fargo Active Cash credit card prefer to pay because they earn unlimited 2% cash rewards on purchases. Okay. Rock paper scissors for it. Rock paper scissors, shoot. No! The Wells Fargo Active Cash credit card. Visit Wells Fargo.com slash active cash terms apply. Amazon Health AI presents painful thoughts. Why did I search the internet for answers to my cold sore problem? Now I'm stuck down a rabbit hole filled with images of alarmingly graphic sores in various stages of ooze. I can clear my search history, but I can never unsee that. Don't go down the rabbit hole. Amazon Health AI gets you the right care fast. Health care just got less painful. Real value shows up in reliability. You don't have to second guess. Like a set of Firestone all-season tires. They're designed to deliver confidence-inspiring wet weather traction and a quieter ride no matter the road, season after season. Firestone all-season tires. For durability, you can count on. Just like people, count on you. Firestone, always dependable since 1900. Hi, it's Michael. Your morning show can be heard on great radio stations across the country like News Talk 92.1 and 600 WREC in Memphis, Tennessee. Or 1,300, The Patriot in Tulsa, or Talk 650, KSTE in Sacramento, California. We invite you to listen live while you're getting ready in the morning and to take us along for the drive to work. But as we always say, better late than never. Thanks for joining us for the podcast. Starting your morning off right. A new way of talk. A new way of understanding. Because... We're in this together. This is your morning show with Michael Del Journal. We must be having fun. I mean, time just continues to fly. Seven minutes after the hour on this Thursday, April the 23rd. You have Al-Lodd, 226. Good morning. This is your day. This is your morning. This is your morning show. I'm Michael Del Journal. Jeffrey's got the sound. Red keeping an eye on the content. White House keeping an eye on Iran. They're still waiting to hear back from Iran's current leadership as the peace negotiations.
remain stalled. Meanwhile, a Virginia judge blocking the state from certifying the results of Tuesday's redistricting referendum election. Citing, constitutionality. This could be headed faster than you think to the state Supreme Court or ultimately the U.S. Supreme Court. FAA still trying to figure out what caused the close call of two passenger jets at New York's JFK, not to mention the one in Nashville on Saturday and the Navy. Secretary has been fired. Changes being made by the Secretary of War Pete Hegseth and the Trump administration. Pistons and Thunder both winner in NBA playoffs last night. That was good news. Not so good for the Penguins in the NHL playoffs. And it's round one of the draft today. Somewhere in Cleveland, the entire staff of executives are gathered around right now making the tough decision of how to draft the wrong person. So. Keep the browns in your prayers. You are a factory of sadness. Sadness, I tell you. Sadness. Markets are supposed to hate uncertainty. And what's more uncertain than this conflict with Iran? Let alone, there's still uncertainty with Russia and Ukraine. Or how about Israel and Lebanon? Or how about the Strait of Hormuz? So all of this uncertainty, how is the S&P and Nasdaq setting records yesterday, along with the Dow, all up? What about the Fed and what its role is and how testimonies went this week and the pending new Fed chair? For these things and others, all things economic. Say hello to our economist and money was David Guy Benson. Good morning, David. Well, good morning, Michael. How are you doing? I'm doing good. You're going to rip me for being dumb. I have to ask all these questions. We have to get your expertise. If markets don't like uncertainty, why are they up? Well, the uncertainty that you just alluded to, you gave, I think, four examples. And there's no uncertainty that is particularly market sensitive about Russia, Ukraine right now. There's no market uncertainty that's particularly sensitive by Israel, Lebanon. The connection of the Iran market uncertainty is to the one you brought up that matters most, which is straight of Hormuz. But remember... There is right now the possibility of markets being wrong, the president being wrong, the administration being wrong, but the expectation has moved from uncertainty to some version of, we don't know exactly how it will play out in the final scenes of this, but that where we're headed do is some scenario by which the straight will be opened and the conflict will come to an end. And markets are doing what they do, which is serving as a discounting mechanism, pricing in now what they believe about the future. Markets in the oil futures have been extremely consistent in this, the entire last seven weeks of this conflict that they believed oil was going to be returning to something in the low 70s. But it is certainly understandable that people would be confused why oil is sitting here now back up into the 90s and markets are going higher. And I believe that the best explanation for that is connected to the president's rhetoric. It's abundantly clear he wants this thing to be over. And we don't have to know all the details to know that if the Strait of Hormuz is opening, that takes one particular headwind out.
But I want to point two things out real quick. I'm giving you a long answer because you asked a question that requires it. The Iraq war, I said Iraq on purpose. Most people think it really didn't go well. After the mission accomplished moment, we are all now painfully aware that that war dragged on for many years. It started in March of 2003. We began to realize it was, excuse me, yeah, 2003. We began to realize it was really in a quagmire in October of 2003. You know what the market did? From that moment that war began until the financial crisis in 2007, it went up 100%. And so I believe that I've been trying to say this for seven weeks. And this may be a bad thing, not a good thing, but it is at least an either or. that markets do have a free Iran situation to return to, as in what's the state of corporate profits in America? What's the state of the AI story in America? What is the Fed going to be doing? What are financial conditions and liquidity? Some of these things could prove to be negatives, but they could also prove to be positives. Here's what the fact the matter is right now. Corporate profits appear to be headed to going up 13 or 14 percent year over a year. a fourth year in a row, potentially, a double-digit profit growth. My apologies to those on the Trump side that don't want me to say the profits went up under Biden, and my apologies to the Biden side of people who don't want me to say profits run up under Trump, but don't make politics you're God, you moron. So here's the thing I want to say. You know, I'm loving this so much. I'm thinking about leaving the room and going and listening in another room. But go ahead. I do monologues quite often ask my wife. No, Michael, I think it's all fair questions, but I believe that we will return to a position of saying, hey, if we're going to go back to being reliant on the MAG7, big tech, you know, AI-related companies, that can prove to be a bad thing for markets too. It just isn't related to straight and four moves. Can there be a tweet, a post, a news headline, something in the next 24 hours or 72 hours? that pushes the market expectation about Strait of Hormuz optimism the other way. There certainly could. But right now, to me, it's a rational thing that markets believe one way or the other. This thing is headed towards an end. I would say probably if you're following Iran day by day by day, second by second, it's less of a market story than a geopolitical one that the administration said we will not bend on 20 years.
before they can re-engage and enrich the uranium program. And apparently they've now said, we'll knock that down to 15 years. I'm glad. On one hand, yeah, I was going to say, on one hand it tells markets, wow, okay, this thing is probably going to get done. On the other hand, it tells some of us, oh, no, what's he about to give away? I was just going to say, I think sometimes the true understanding, getting to the why. comes in long answers, not short answers. And then there is some of this, I think, or I guess I would ask, enough certain uncertainty becomes certain again, right? Kind of a thing. Yeah, I think so. And I think that there's also just the reality that the news media sometimes is focused on one story only, but markets barely ever are. So much of this uncertainty was about the unpredictability that caused traders who had huge oversized positions of what was going to happen in the next five seconds or five minutes or five days. If they got caught off sides on an oil trade or an interest rate trade or a stock market trade, then they had to go cover a position and it would exacerbate volatility each way. But if you look out just to the kind of more normalized bigger picture where markets over time are measuring expectations of corporate profits, the Iran war factored in oil prices and their impact on consumer spending and productive activity it matters. But so do a lot of other things. And I would not be surprised if markets are going to end up having to reprice expectations about the Fed. Because if I didn't tell you about Iran, I didn't tell you about oil. And I just said, we're going to have 14% profit growth and the Fed is going to be cutting interest rates. Nobody would question why markets are going higher. I don't like the fact that a lot of it has been more concentrated in the big tech stuff again. In fairness, it's been pretty broad. Small cap is not more than big cap. There's a lot of sectors in the market participating. The breadth has been pretty strong in the last two weeks, but it's been a weird couple weeks. David Guy Benson, is our economist, joins us every week. I highly encourage you to take the time to either read or listen to his podcast. It comes out every Friday at the... the cafe. We'll talk more about that in a second. David, I just did a story on AI. And this is the Attorney General in Florida, looking at the Florida State University shooter. And certainly if I helped him and taught him how to kill the most people, what time of day were to do it from, I could be arrested and charged as an accomplice. So why isn't AI in the case of ChatGPT? That's who he used to teach him how to do this. And they're actually going to try ChatGTP as an accomplice.
It's such a, I mean, who knows where all this AI is headed. We can talk a lot about what it can do, but we don't talk a lot about what it is. Dee, are you concerned that there is similar to the dot-com bubble being built that is an inevitable reality or burst coming? Well, I do believe it's inevitable, but I also believe that like the dot com, there's a story after the bubble burst. And this is played out with the radio industry, the media industry, with the railroad industry, that there is when it is a productive bubble, meaning the thing that the bubble is in actually has real economic value. You get this overinvestment and malinvestment where a whole bunch of people think they get free and easy money and then they pile in and then a bunch of money gets set on fire and people blow up. But then if it isn't Japanese real estate or the U.S. mortgage levered market or whatnot, when you're talking about things with real underlying value, you know, then in the aftermath of the carnage of dot com, a bunch of the bogus companies went away. And then there was some real winners and real value of creation. And the same thing played out with railroads and fiber optics and other capital-intensive moments in the last 200 years. I think that that is more than I could happen here. But I think, you know, like Open AI, for example, this company that owns ChatGPT, I don't understand for the life of me, how people believe they're going to rationalize a $1.5 trillion. capital expenditures when they do about the same revenue that the McDonald's on 6th Avenue does every day. I mean, I think it is just utterly insane. But that's fine. Those things will play out. There'll be winners and losers. But the AI moment of the last three years, 100 years, I think that that is more than likely going to happen here. But I think, you know, like Open AI, for example, this company that owns ChatGPT. I don't understand for the life of me how people believe they're going to rationalize a $1.5 trillion capital expenditures when they do about the same revenue that the McDonald's on 6th Avenue does every day. I mean, I think it is just utterly insane. But that's fine. Those things will play out. There'll be winners and losers. But the AI moment of the last three years where everyone priced is that there would be no losers. That's going to end badly. But there will be winners too. And I don't think anyone should be predicting how that's going to play out. Because the internet, you find me somebody who wrote in 1994 or 1997. how it was all going to go, I want to read that article because I've read a thousand of them, a thousand. And I can't find one who got it right because even people saying it's going to be good and it was good. It was good for different reasons, right? The model changed, the revenue change, the impact on different sectors changed. Same thing is going to happen here with AI. I want to say real quickly before we wrap that. The story with the attorney general fascinating analysis of this just last week on the Dividend Cafe, the truth about AI disruption.
I encourage people to check out the dividend cafe. What's coming up tomorrow? A lot on the Fed. We've got to revisit the story of the Fed. They've been on page eight of the paper for the last two months with Iran. But now with Kevin Warsh's hearings this week, I'm going to try to lay out a lot more of what's on the line with our next central bank chair and the direction of the Federal Reserve here in America. Which is exactly what we were going to do today in this segment. But then we got sidetrack. So we'll save it for the Dividend Cafe and follow up on it. I was watching the hearings, in particular Elizabeth Warren comes to mind. obviously members of Congress need to be reminded of the role of the Fed. And a good man handled some really ridiculous moments very well. But we'll talk more about that next week or as conditions warrant as they say. The dividend cafe.com is the place. David Guy Benson is the economist. Thank you so much, David. We'll talk next week. All right. Thank you so much. Blessings, my friend. All right. I used to think of a mattress like a piece of furniture. Get a new one every now and then. Mattresses now can run as much as $10,000, $15,000. It's crazy. Now it's something you save up for and you never seem to get there. And then I found ghostbed, affordable, state of the art. It's a family that made mattresses for 100 years and the only one in the family that wasn't a mattress maker, an engineer, created ghost bed because it's an engineered sleep system. He took that family's hundred years of expertise, his engineering expertise, and he built a serious piece of health equipment. Because sleep is serious business designed for recovery, relief, and healing. Same role your mattress plays. It's not about looks, not about temporary feel. And how you feel matters. If you're waking up stiff, tossing and turning, sleeping hot, reaching for pills before bed, that's not your age. That's your mattress talking. I felt the difference immediately. I love my ghost bed. I paid a fraction of what of these expensive mattresses are going for. And we're so confident you're going to love Ghost Bed as much as I do. We'll let you sleep on it 101 nights. Risk free. After 101 nights, you don't love it the way I do? Send it back. And Ghostbed's offering my audience the lowest price of the season plus an extra 10% opt just for being a Your Morning Show listener. Start by taking the quiz to find the right mattress for you and order your ghostbed today and get an extra 10% off. Go to ghostbed.com forward slash Michael. You won't believe how affordable and you're going to love how you rest. Ghostbed.com forward slash Michael. That's ghostbed.com forward slash Michael. This is your morning show with Michael Del Chono. If you're just waking up, our top five stories of the day, numeral uno, the White House says it is still waiting to hear back from Iran's current leadership as peace negotiations remain stalled. Meanwhile, in Virginia, a judge is blocking this date from certifying the results of Tuesday's redistricting referendum. As we learned from our White House correspondent, John Decker, they've got a way of expediting this.
And you have the Attorney General there saying, oh, we're going to appeal. Yeah, and he will. And it'll get to the state Supreme Court and ultimately the U.S. Supreme Court, lickety split. Meanwhile, the Secretary of the Navy has been fired by Secretary of War Pete Hegseth and the Trump administration, effective immediately. And in playoffs, good news for the Pistons and Thunder in the NBA playoffs. Cities of Your Morning Show interests, both the winner and the NHL Penguins, a loser. Round one of the draft kicks off today from Pittsburgh. Oh, how the times have changed. Jay and Chau Siga now used to get in his Volkswagen Beetle, drive down to David Drive, and literally be at the Saints office during draft day. Now, it is one of the biggest national events. And a huge moneymaker for cities, the first overall pick is expected to be Fernando Mendoza, the Heisman Trophy winner, quarterback from Indiana. And he's expected to become a Raida. This is Sean Paul from Ovita, Florida, and my morning show is your morning show with Nostras del Giorno. Think about it. When it comes to your own food, you can walk into a restaurant, see what's being made, and know exactly what you're getting. But with dog food, most brands keep that completely hidden. Just Food for Dogs does the opposite. They've built their entire brand around open kitchens. You can actually walk in and watch them prepare your dog's meals with real human-grade ingredients like chicken, beef, carrots, and peas cooked right there in front of you. No mystery, no behind the scenes you're not allowed to see. That kind of transparency is rare in the pet food world. And it's a big reason they've become the number one vet-recommended fresh dog food. earning trust from pet parents who want to feel confident in what they're feeding. When a brand is willing to show you exactly how your dog's food is made, it says a lot about the care, quality, and standards behind every meal they produce. Nothing to hide, everything to love. Go to Just FoodforDogs.com and get 50% off your first order. Your social media feed delivers plenty of advice. But it doesn't know you. It doesn't ask questions. It doesn't give physical exams or order tests. Doctors do. At the American Medical Association, we believe the best care starts with a real conversation with someone who understands the science and your unique health. So stay curious. Ask questions. But when it's time to make decisions, make them with a doctor. Learn more at AMA Health vs.hype.org. That's AMA HealthVShype.org. Amazon Health AI presents painful thoughts. I can't stop scratching my downtown. Yeah, but I'm not itching to go downtown and tell a receptionist I'm here to talk about my downtown. Some things you'd rather type than say out loud. There's no question too embarrassing for Amazon Health AI. Chat your symptoms and get virtual care 24-7. Health care just got less painful. Real value shows up in reliability. You don't have to second guess. Like a set of Firestone all-season tires. They're designed to deliver confidence-inspiring wet weather traction and a quieter ride no matter the road, season after season.
Firestone all-season tires. For durability, you can count on. Just like people, count on you. Firestone, always dependable since 1900. Hi, I'm Michael, and your morning show is heard on great radio stations across the country like 105-9-1250, WHNZ and Tampa, Florida, News Radio 570, WKBN in Youngstown, Ohio, and News Radio 1,000, KTOK in Oklahoma City. Love to have you listen to us live in the morning, and of course, we're so grateful you came for the podcast. Enjoy. Thank you so much for bringing your morning show, a family. along for your drive. Keep the talkbacks coming if you're listening on the iHeart app because this is a conversation. Emails, Michael D. at iHeartMedia.com. And if you missed our interview with Robert Coolbell, that's why we have the podcast. It'll be up by about 9.30 Central at the latest. So help him, Jeffrey Lyons. It'll be there. Or you'll have to wait till a Worstuff show to hear that interview. We're going to read to it. It's the best we could find. Am I going to say it didn't go well? No, I'll imply. He's got to be stopped. I really don't know what he said at the end of that sense. I don't think he knows what he said either. It's got to be a big misunderstanding. I'm going on. I'm going to be tight. How do you like my garbage? We love your garbage truck. All right, always revealing often entertaining time for the sounds of the day. You listen, you decide for yourself. We don't believe in talk radio where the host is a big ego and pontificates and tells you how to think. We trust you to figure this stuff out. And sometimes the most profound way is to just listen for yourself. Here's a great example, the gerrymandering. Now, the big story today is already a judge has thrown it out, won't certify the vote. Now you got the Attorney General in Virginia chiming in. Jay Jones, oh, I'm appealing this. Well, they've got laws in place in Virginia to make things very speedy through the court system. This is headed the state Supreme Court, and it could happen in days. It could be at the Supreme Court in a week or two, as it should be. When people lead or dirty money or dark money influences or even enough people show up, In a vote, if it's unconstitutional, it's unconstitutional. And that's where the law comes in. Congress can make a law. A president can veto it. Congress can override the veto. And the Supreme Court has the final say if it's unconstitutional. Is or is it not constitutional what they're doing? Now, when we get into the beyond the headline, had a great conversation with David Sinati yesterday on this. Fairfax has really become like D.C. Virtually everybody lives there as a government employee. Now, there's a reason why D.C. will never be a state with two senators and representatives. Because it was perceived as, well, this is where the government is going to be kind of like the Vatican. It's its own thing. Now, Virginia's threatening to become that through Fairfax.
In fact, this vote would not have passed without Fairfax. Now, no votes will happen without Fairfax because all districts will be gerrymandered to where Fairfax, one county runs the entire state. So now you have 40-something percent of the state that's Republican that will have taxation and no representation. In and of itself, just to ultimately simplify this, redistricting is constitutionally important when people move. That's your last right as a voter to vote with your feet. You move. So every 10 years, we take a census. And based on that, it impacts electoral college maps and how many Congress seats there are. And sometimes it involves redrawing districts because of shifts in population. That's redistricting, and that's important. Gerrymandering is always the abuse of that. Why no one explained it better than Barack Obama, who's now supporting it in Virginia. The process of political gerrymandering, I think, is damaging to Congress. I don't think the insiders should draw the lines and decide who their voters are. Because I think that it... And Democrats and Republicans do this. And it's great for incumbents, but it means over time that people aren't competing for the center because they know that if they win a Democratic primary or Republican primary, they've won. Well, ultimately, in a constitutional representative republic, the ultimate danger is. all the people in the entire New England seaboard area that have no representation. Oh, they're paying taxes, highest taxes ever, but they have no representation. That's how Virginia's going to be. If you look at the Virginia map, it's going to be all red, but a couple of blue dots. And the one blue dot that's Fairfax will determine all of their representation. That's the biggest danger. But as I said yesterday, kind of like passing gas, everyone else's is offensive. Gerrymandering is only wrong when the other side does it. No. And listen to me, Republicans, when I tell you this, it's wrong when you do it too. And some of this kind of points to the matrix. So the way the matrix works is, if you're in the left matrix, you're outraged over gerrymandering when Texas does it. When you're in the right matrix, you're outraged when Virginia does it. But American citizens should be outraged when either does it. And so should the courts. But that's the obstacle of the matrix. Now, what's the matrix? People's alternate realities living in the same place, the same time. But because you only talk to people that think one way or only watch stations that talk about things the way you think or go to internet sites or podcasts that think like you do or radio shows and think like you, you're in a bubble. And you're living a much different reality. Now, how do these matrixes play out narratives by what they cover and what they don't cover?
By the angles they cover, the angles they don't. The people they talk to, the people they don't. The quotes they choose, the quotes they don't. That's how they've made a devil out of Donald Trump. Thought of the day in the middle of sounds of the day. For the never-trumper's out there, name one thing Donald Trump is done that isn't in the Republican Party. platform. All the outrage with Donald Trump is not what he stands for and what he said he would do, but that he followed through and did it. And they make him out to be a nut for it. Now he does say some nutty things for time to time, but what he does is all on the platform. Quite frankly, six out of ten times, pulling that number out of a private place, but roughly six out of ten times. The very things he's saying and doing are things his opponents said. And in most cases, it didn't have the courage to do. This is an interesting exercise. This is a woman on the street at a Democrat rally. And she's basically giving quotes that Biden said, Obama said, Kamala Harris said, not Donald Trump. Watch how they react thinking, I'll never forget. I did an interview. Because some guy sent me an email wanting to be on the show to talk about the virtues of abortion. And I thought, what kind of a moron is this? And so I was a little more immature back then. I thought, yeah, lead the guy on. So I responded to the email, yeah, you got to come on the show. I just moved to Telso, Oklahoma. Everybody's a conservative nut here. I'm trying to reason with these people. I need your help. So this guy thinks I'm a flaming liberal and he's coming on the show. I got this guy talking about how great it is to kill babies. You wouldn't believe the things I got him to say because he thought he was safe in a matrix. So here's Democrats at a rally talking to a reporter. They think the quotes she's giving are Donald Trump quotes. Watch their reaction. Moreover, and I'm not AI. Watch the reaction when she tells them who really said it. They don't go, oh, wow, I'm an idiot. Oh, wow, I've been duped. Oh, wow, I have to give that some thought. They get violent. You want to hear the Matrix? Here it is on the street. Iran is a destabilizing, dangerous force in the Middle East. Do you agree with him on that at least? No. We would be able to totally obliterate them. That's a terrible thing to say, but those people who run Iran need to understand that. What do you think he meant by saying those people? White supremacy. This is subhuman people of color. He's becoming very delusional and honestly showing a little bit of signs of dementia. Of course, those quotes were from Bill Clinton and Kamala Harris.
They don't know it as they're responding. This is something someone with dementia would say. Absolutely. Had Kamala Harris actually won the election? You think we would even be in this? Absolutely not. And they were not falling for this Iran stuff either. No. Hillary Clinton had just won in the first place. Maybe we wouldn't be in this mess. Yeah, I would go with that. If he had a kind soul, I think anyone can be beautiful, but he's not beautiful. He's not beautiful insider art out. He's a horrible person. Did you vote for Hillary Clinton? Did you guys vote for Hillary Clinton? Yeah. We would not be in this position if she were president today. Or Kamala Harris. The man truly is insane. Hillary Clinton and Kamala Harris said all of that, not Donald Trump. Really? Yes. That makes me very sad. Are you serious there or not? Yes, they are. That's ridiculous. Yeah. No. Yeah. That's a gotcha. Good for you. You never heard them say this stuff? No, I haven't. That was a clue from 2008 right here. I don't. You know what? Who can believe what we read? Did you go to the cops about me? Yeah, I just wanted to see if you. I didn't mean to make you cry. I'm crying. But it's shameful. What's shameful about it? There's nothing. Now she walks off and flips her off. I mean, that's the matrix. They're just conditioned narrative repeaters. This is why we speak so against the shirts and skins from both sides. We've got to get back to right versus wrong, not right versus left. We've got to get back to being Americans, not red versus blue. You've got to solve the matrix. This whole thing comes down. These are alternate realities. And even if they hear the truth or are proven the lie, they just flip you off and continue to go.
in the divided states of america under any god or no god how on earth do you expect to have unity liberty and justice for all that's your sounds of the day for this Thursday, April the 23rd. Well, if you're just waking up, it didn't take long. A Virginia judge is blocking the state from certifying the results of Tuesday's redistricting referendum election. Mark Mayfield has our top story. Virginia voters approved the plan, which could expand the Democratic Party's five to six advantage in the Commonwealth's congressional delegation to 10 to 1. Now, a judge is ruling the referendum was unconstitutional. Virginia's attorney general has vowed to appeal the decision. Two previous efforts to block the referendum have been struck down by the Virginia Supreme Court. This comes after President Trump claimed the vote was rigged when a massive mail-in ballot drop shifted the odds in favor of Democrats. I'm Mark Nefield. The FAA is busy investigating a close call between two passenger jets this time in New York's JFK International Airport. It happened Monday afternoon with an American Airlines jet veering off course directly into the path of an Air Canada flight. Just one football field apart on final approach to JFK. An air traffic controller issued a course correction to the Air Canada pilot. Chats 534. Club maintained 3,000. Let me change 3,000. That's 554. Another controller directed the American pilot to climb to safety. The near miss occurring just one month after that deadly runway crash at LaGuardia and less than 48 hours after two Southwest Airlines planes had a close call in Nashville. I'm Sarah Lee Kessler. Speaking of airlines, a struggling airline carrier may be getting some financial help. Spirit Airlines could be getting some much needed help from the federal government. Multiple reports say the Trump administration is now close to a 500. million dollar bailout deal to help Spirit stay afloat. The Florida-based discount carrier reportedly facing the risk of liquidation and its hit major headwinds contending with the sky-high fuel costs due to the Middle East conflict. The president told CNBC he'd love to see someone buy Spirit and he noted the airline employs 14,000 people. He added, quote, maybe the federal government should help that one out. In New York, I'm Liz Warner. Well, Mary and Boise gave us the greatest review of last night's gubernatorial debate. In California, homelessness was one of the hotly contested topics. Republican candidate Chad Bianco said the issue is caused by other factors. We are not dealing with homeless, so stop calling it homeless. It has nothing to do with homes. This is drug and alcohol-induced psychosis, mental illness causing the other. It doesn't matter. The Riverside County Sheriff blamed Democrats in the state's legislature for not funding Prop 36 to provide necessary treatment for drug addiction. Democrat Xavier Becerra said he'd worked to keep people. from losing their homes instead of ending up on the streets. As to give a letter grade on Gavin Newsom's efforts to fight homelessness, Republican Steve Hilton said, quote, of course, it's an F. I'm Tammy Trujillo. Well, today's National Day is not 19 years ago I moved to Nashville Day. Today's National Day is asking you to live just a little bit on the wild side.
Note just a little bit. Today is National Take a Chance Day, a day for you to step outside your comfort zone and embrace new opportunities. Wayne Gretzky famously said you miss 100% of the shots you don't take. So today, take it. Think big. Learn something new. Be adventurous. Juggle fire. Learn to fly, bungee jump. Or maybe just buy a lottery ticket. And if you win, I'm Bree Tennis. If you win. And if you lose, she's not Bree Tennis. Right now, voices in our culture are loud. Truth is often silent. Today, preborn needs you to speak the truth. Take an action that saves a life. Women facing unplanned pregnancies are always pressured to act quickly. Rush to a death choice. Never pause, take a breath, hear the truth, see an ultrasound. We change that at preborn network clinics. A woman is welcomed with compassion, patience, care, and a free ultrasound. Now, when a woman sees that baby, that's the game changer. Chooses life two out of three times. Why? She sees the face, the eyes, the fingers, the toes. Here's the heartbeat for the first time realizes this isn't a problem to be solved. This is a life to be protected, celebrated. $28 provides one of those ultrasounds and doubles the chance of life being chosen. Now you can do the math on up. If you can give $140, odds are you're going to save three lives. Isn't that better than a social media opinion? Are you pro-life? Help us save it. Dial pound 250 and say keyword baby to give today. Pound 250 keyword baby or visit preborn.com forward slash YMS online. Preborn.com forward slash YMS sponsored by preborn. All gifts are tax deductible. God bless you as you go beyond an opinion to actually saving a life. It's your morning show with Michael Deljourno. I love when I go golfing, especially on days I go just get paired up with strangers. I love interacting with eternal beings. And I'm in awe of how often I make new friends. This guy yesterday was just a gem. He's got a big trip, planned to Ireland, a golf trip. And that, of course, assumes it doesn't get canceled. That's how real some of this stuff is. Latanza Airlines, cutting thousands of flight, United Airlines, raising summer fares. It all has to do with fuel prices and fuel shortages. Roy O'Neill is here with the latest. Yeah, there's a lot of uncertainty. Real uncertainty. In the case of European travel, only six weeks of fuel, right? Right. Well, right. We have a jet fuel price problem here in the States, but it's a jet fuel supply problem that's on the horizon there in Europe. You know, United Airlines said yesterday they'll raise summer fairs 15 to 20%.
It's notable that it's a fair increase. It's not a fuel surcharge that's temporary, right? This is like, oh, no, we're raising fares. And then now this brings in the whole idea of, well, a nice discount carrier will be an option. Well, Spirit Airlines is on the verge of liquidation and today could learn about whether or not the Trump administration will provide half a billion dollars to help bail out that airline. And then in Europe, as I said, it's a jet fuel supply problem. Lufthansa, they've got a lot of subsidiary airlines. One of them is being shut down. So they're going to cancel 20,000 flights between now and through October as they try to ward off that supply problem in the coming weeks unless something comes together to resupply the airports across Europe. And we have the investigation continuing in the near collision at JFK. We had one here in Nashville on Saturday, the introduction of new technology for the air traffic controllers. Man, there's just not a lot of good news when it comes to air travel, Rory O'Neill. I said one good thing is demand remains very high, which is also the problem because so long as demand means high, the prices are going to keep climbing. Keep climbing. All right, Roy, great reporting as always. We'll talk again tomorrow. One chance to live this Thursday, April, the 23rd, 2026. It will never happen again, and I promise it'll fly by. Make a difference in someone's life. Cherish your own. We'll see you in the morning. We're all in this together. This is your morning show with Michael Del Giorno.
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