
Free Daily Podcast Summary
by Tom Sullivan
Syndicated radio host - former anchor Fox Business - former Director of Investments for a major Wall Street firm. Topics include finance, news and commentary.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.
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Trump announced Friday he's banning CNN, MS NOW, and Politico from the White House "effective immediately" over what he calls fake news, warning more outlets could follow. Presidents have always complained about the media and vice versa, but this is different, and it's already headed to court — Schumer compared it to what dictators do, and even the White House isn't clear on whether journalists were actually removed from the grounds. Convenient timing, given both outlets have been reporting on his underwater poll numbers right as midterm voting begins. Meanwhile diesel hit a record $6.45 a gallon and keeps climbing, adding more fuel to the inflation fire the Fed just raised rates to fight. And Apple's iPhone 18 Pro launched today with new CEO John Ternus opening the Fifth Avenue doors himself to overnight campers — same scene, every September. All of it today.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed
People — including members of Congress actively writing AI regulation — are expressing incredibly confident opinions for or against AI without actually understanding what it is or how it works. That's a real problem when these are the people who might end up writing the rules. We call it out directly today. Meanwhile, Trump said it again — we're close to ending the war with Iran and they really want a deal. He's said versions of this for eight months now. At some point you have to invoke the boy who cried wolf. We ask whether there's any credibility left in these statements. And gas and diesel prices keep climbing regardless of what anyone says about how close we are to peace. All of it today.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed
The Fed raised interest rates today for the first time since 2023 — a unanimous quarter-point hike to 3.75-4%, directly against Trump's public demands for cuts. Fed Chair Kevin Warsh, who Trump himself appointed just months ago, said plainly that inflation is the problem, and the Fed doesn't expect it back to target until after 2028. Iran war-driven oil prices and record $6 diesel are the main culprits. Markets already expect another hike in December. We ask — is this the start of a real multi-meeting hiking cycle? Then the AI debate rages on — will it save us or end us? I'm firmly in the camp that it's going to cure diseases and genuinely improve our lives. The doomsayers remind me of the greenhouse gas predictions from years ago that never quite panned out the way we were told they would. All of it today.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed
The Supreme Court just handed President Trump a 7-2 defeat, ruling that his executive order did NOT give the USPS enough time to implement new mail-in ballot rules before the 2026 midterm elections. We break down the ruling, Justice Kavanaugh's key concurrence on the compressed timeline, the Thomas-Alito dissent, and why Trump says this legal fight is far from over. Plus: FBI Director Kash Patel faced an awkward and heated Senate Judiciary Committee showdown with Senator John Kennedy over the bureau's decision to loosen hiring standards tied to bestiality — a moment that quickly became one of the strangest exchanges of this year's congressional hearings.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed
Most Americans say they're anxious about AI — but is some of that anxiety being fed by Chinese messaging designed to slow us down in the AI race? Same question for data center backlash. And do you actually want Congress writing the technical rules for AI companies? We dig into all of it. Meanwhile gas and diesel keep climbing and here's why — Houthi rebels just seized Yemen's entire Red Sea coastline and a critical Saudi pipeline just got knocked offline for weeks, cutting off one of Saudi Arabia's last safe export routes. Brent crude is now over $107 a barrel. And President Trump publicly told Ukraine's Zelensky to stop striking Russian oil refineries because it's driving up diesel prices here at home — even as those strikes are one of Ukraine's most effective tools against Russia's war machine. Once again, he seems to be siding with Moscow's interests. All of it today.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed
Twenty-five years ago today, everything changed. Those of us who were adults that morning will never forget — but a new generation is growing up knowing 9/11 only as history, not memory. Today we set the news aside and share firsthand stories from survivors, first responders, and families who lived through that day, so the memory of what we lost — and who we lost — stays alive for the people who weren't there to see it themselves.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed
Trump promised a $5,000 "Trump Dividend" to every adult American if Republicans hold both the House and Senate in November — but here's the problem. The President has no unilateral authority to issue this; Congress would have to pass a roughly $1.3 trillion bill, on top of $40 trillion in existing national debt. Vance already started walking it back within hours. And dumping that much money into the economy right now would almost certainly be wildly inflationary — just like it was under Biden's big spending, which helped push inflation to 9 percent. Speaking of inflation, PPI jumped 5.4 percent last month, driven largely by oil prices tied to the escalating Iran war. And despite Bessent tripling his bond buyback to try to push rates down, the bond market keeps winning — Treasury yields just hit their highest levels since 2023. All of it today.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed
Someone scheduled the GOP's first-ever midterm convention the same night as the NFL season opener — Seahawks vs. Patriots, a Super Bowl rematch on NBC. Vance's keynote goes head to head with kickoff. Bad planning or just bad luck? Trump said today the Iran war will end shortly after the midterms — a specific promise after six months of "almost over." Same day, oil spiked hard — Brent crude hit $101 after U.S. forces struck five Iranian tankers. And Treasury Secretary Bessent tripled a bond buyback to $6 billion specifically to push interest rates down. It backfired completely — yields hit their highest level since 2023, and even his own mentor Stanley Druckenmiller publicly called the move a mistake. All of it today.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed
Syndicated radio host - former anchor Fox Business - former Director of Investments for a major Wall Street firm. Topics include finance, news and commentary.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.
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