29 Burst results for "Kupperman"
"kupperman" Discussed on WTOP
"Of his former colleagues, national security official Charles copperman and copperman confirmed to CBS News that around mid afternoon on January 6th, he reached out to pottinger because he'd heard through an intermediary, the D.C. mayor was having trouble reaching The White House and finding out about the status of the guard and whether the order had been given to deploy them. Compliment told us that pottinger went to then White House chief of staff, Mark Meadows, who was very confused on the issue. He thought the guard had already been deployed to protect the capitol and that was currently not the case. How is pottinger's testimony expected to fit into the bigger message, the House committee is trying to get across. The theme Thursday is one of chaos and in action. And Matt pottinger was in the center of it that day over what I would argue is sort of the principal issue Thursday, which is efforts to quell the violence and deploy the guard and based on my conversation with Charles kupperman, who was a former deputy national security adviser in the Trump White House. There was just chaos and confusion in action. They were not clear on the status of the guard. And just to pause a minute to think the D.C. nurse who was struggling to get through to The White House. I mean, this is really, I opening and jaw dropping in the true sense of the word. What's the latest you're hearing about former White House aide Sarah Matthews, the other key witness on Thursday? Again, she's positioned to be that fly on the wall in The White House, right? She can speak to the atmospherics and what she saw with the principles. And there are not many people who are able to do that. And like Cassidy Hutchinson
"kupperman" Discussed on Stansberry Investor Hour
"Com. And you sign up for a four week free trial. But what we do is we flagged these corporate events. Like wouldn't villares came out of bankruptcy. It came out of bankruptcy and bankruptcy is one of those corporate events that creates lob opportunity because a company comes out of bankruptcy and all the bondholders in a island off strategy company. That's the business there end. Maybe even allowed to avoid so soon as they have a chance they sell the shares. Is we have a situation. Where a lot of guys have salad with no investment bankers research coverage not even notice it happens just trading one day and so it tended come out of bankruptcy undervalued especially because management often gets their compensation package their options drop based on where it's trading the first couple of weeks management keeps him out struck to and so we see a lot of these that came out of bankruptcy and surprisingly well before the market over the last few years. And so it's worth the data sets we track kadam kadam max about doesn't data sets and kind of flags the most interesting And so we've we flagged lara's at twenty one twenty nine about a month later pregnant return in anyone's book. I think a lot more upside here. still a I'll just say if you want to start tracking some these. Corporate events go that.
"kupperman" Discussed on Stansberry Investor Hour
"Is when black rock. Decided that they're gonna throw hat in the ring and they're gonna stop just trying to you know become a acid al out aggregated were their business model is getting a lot of assets fees. And they're going to take a political stance on certain issues that the magic of fondly about and when i'm on issues energy but if you're going to go out there and fire board members who are trying to do their job and help company produce more oil than no one's going to produce more oil. 'cause larry thinks blackrock has allowed the votes. He's kinda swing guide partners with calpers and a few other buddies all fire on board members and severe board member. You you gotta be pretty scared. 'cause it's pretty cushy job you to board member to pay way too much. Money gets in stock options. You don't really do much of anything. So i see a situation where. Ceo's go to these board members and saying let's go somewhere wells next year in the price of oil up and the board members saved now. No we can't do that larger things and the fire me. So i think these second order facts are gonna last with us for a long time and i think it'll be surprising ramifications if you could think three's ramifications on what he'd be made a all three on all sorts of industries that yes she doesn't like i mean look at look at thermal call. You know people been telling me that it's going to disappear. Tell me this figures. Kyrie are and we'll call tenure high prices as they stopped producing enough demand. Still there i mean. I didn't even think. Thermal caller go tenure. Here we are and so you look at this and a lot of sectors probably call. The man keeps going for another decade or two. Because you see the power powerpoint building and it's great to you know tell. The banks stop lending the thermal coal producers. And it's great to have a you know the cher holders vote out the board members but now in the end the rockies more thermal coal next year and has to come from somewhere other prices. Go up to fix the problem. I think the price go off to fix the problem of interviewed a fellow named rick rule. Who who knows a about energy. And he's he's long uranium for similar reasons. He says you know two things are gonna happen to lights are going to go out or the price is going to go up which probably right. Yeah ricksen very smart guy. I a little bit of uranium participation. Just a little bit. But you know once i got our say and i think this doesn't get enough attention. Is that if you have a view that the price of commodity going up. There's a lot of ways to express that view on. You could do something very basic. Like by physical commodity. You can buy futures you could buy options on the futures. You can buy something like raining. Participation futures aren't there liquid is an entity that holds a uranium physical. You could buy producers. you can buy a service company. Is i own a lot of energy services companies. there's a whole ecosystem move ways to express that view. And i feel a lot of people express view the wrong way. What's what's the wrong way. They go by little jew uranium stocks. I mean that seems like the wrong way to me You know you take of rest you know. Most people aren't geologist geologist. I don't know what i'm looking at most. The guy's lying to you because they need capital most of the mighty goes into the ground. They drill holes to produce press releases at the main product it produce. They never produced a uranium a lot of delusion nonstop and you're buying junior company. You're taking a very concentrated view at at some point in the next six to twelve months the price of uranium much higher and this company that no one's ever heard of we'll have leverage to that because other people would show up and gamble on the you know some twenty cents stock. You know you have. The most upside was twenty cents. Docs become two dollars all the time. I've seen it many times my career. So i don't want to tell you this that's a dumb way to do it. The wrong way for me you know. I think when it comes to uranium if you really think uranium's going one hundred. I don't know if that's the right number. I'm just naming a number or the patient triple and triples pretty good if happened to the two or three or period and now the trade off is that i don't think uranium's probably going down much because during the worst of the bear market was in the twenty s so risking five bucks. Ten dollars at lows in the price of uranium. Plus you know a little bit of a carry goods this to upc so you really not risking that much to the downside if nothing happens and likely in these sort of feces where. It's a supply-demand imbalance. And is really no catalyst in the kc radio there is no catalyst one day no work through the or supplying and the price will go up in a situation like that. You don't really wanna be betting on the when and when you're in one of these little companies keep that looting you you're really betting on the way and then finally you know these little companies. They're never going to build. The mine does actually enough minds off all today. That if they just turned the minds. Back on glutted gatting. That's how he got into this. Were today glut. So he's little assets have no real strategic value because the guys who produced the stuff have existing assets to turn back on or this acids floating around that can be turned onto your too. So i just don't see some mind that takes ten years to build ever being you know fulcrum security but that doesn't mean that you can't just gamble on it and like i said twenty cents dot become two dollars stocks in one dollars stock. Confide on her stocks all the time they also could zero in you end up with a billion shares outstanding so. I have a very nuanced way. I think about this stuff and to me. I don't wanna lose money because number one rule of investing is. Don't lose your money. So i just like the low risk play of a upc when it comes to audio Super active futures contracts are. There's all sorts of stuff you can do with that futures contract call options. Which is what i've done. You could buy futures chapter out few years in the curve. I mean if you look at the front of the curve isn't seventy-three right now. Talking on tuesday but go out of new curve worthy mid fifties. It kind of seems thesis says with a upc during the worst of this one you know. Affirmative kirwin negative and negative. The back of the curve is in the forties so kind of risk like ten bucks in my head. You know at least until the back of the kirby the front the curve. So as long as it's six months.
"kupperman" Discussed on Stansberry Investor Hour
"Harris. Kupperman harris government is the founder of praetorian capital. A hedge fund focused on using micro trends. We'll talk about that to guide. Stock selection harris's also the co founder of mongolia growth group and has been the ceo and president of the company since twenty eleven additionally harris the chief adventurer at adventures and capitalism dot com an investment blog uncovering unique opportunities around the world. And let's face it mad. That's why we love having him on the show copy. Welcome back to the show. Glad to have you again. Thanks for having me back. So i you know like i said when when i read your introduction here. Let's talk about micro trends. Because i'm pretty sure i know my listener. Well enough that as soon as i say micro trans. He's gonna go. What is that. Yeah sure so you know. I think he knows what google macro is. That's interest rates and currency and that's very competitive place to play a lot of really smart people and most of them get wrong. When i like to look at is a second third tier treads stuff. That people aren't really looking at. We're not priced in so we get it wrong. You get your money back together right. You have multi baggers and a lot of these are pretty obvious trends Stuff that tell you. Try and say yeah. That makes sense. That's happening in how you're not guessing. What the currency rate is six months or a year from today or interest rate. You're just saying that's motion. that's in motion. I see it then you figure out. How do you express that view through public securities. Were up too much rask. usually i'm trying to get here right with the inflection star. It's so i'm early in the process of buying cheap bond cash flow or balance sheet. Whoever else it is. And then i stay with the trend. Either until the train gets discovered evaluation goes to fair value or something changes in the trash. Okay so i love. I love what you had to say about global macro super competitive lots of smart people and most of get it wrong. I mean that's hilarious to be anyway. It's a good joke to me. And i wanna talk about that a little bit because one of your recent blog post was really kind of making fun of one of the big you know sort of global macro targets which is the federal reserve. And you're talking about you. Know there was a press conference and some dots were mooch morale and a piece of paper and and the chairman of the federal reserve threatened a few basis points of yield in a year or two. You know like like it has any meaning at all this story. he's telling. Yeah it's a story he's trapped. It can't raise rates because of a crash the economy the kids stop stimulating diesel crash the economy and he's the buyer of last resort for us government that he really can't pull back. He can bluff it lower at. He smacked the old for a hundred dollars which You know makes it look like. Oh there's no inflation or he can threaten the stock market. He can move the dollar. He condition things at the margins. But in the end he's got trapped and let's say they do raise the rates fifty basis points like what second changing anyone's life You know if you're a yield curve trader and you have some levered block it probably gonna blow up because every time the federal reserve does something some over leverett. No financial institution was up. But you look at the real economy where i advanced It's not gonna matter what of these trends if you want. What he's micro trends So i'm forty. I just turned forty this year. A lot of my friends are my age. Give or take a few years. Everyone kind of put off having kids. Because we're too busy with work. We all like living in our eight hundred foot condos minds maker but he likes being in the city centre going out every night and having fun and suddenly kids start popping out and you don't fit in the house and my friends are all realizing they're going to move to the suburbs because it's too expensive to buy three bedroom in downtown and this is a tragedy if you look at it demographically which is what drives a lot of these trends people. My age had their kids ten years later than the last generation and so it should be obvious that hassle formation and single family home demands all push back a bit and now it's coming and there's a huge demographic move people out of the cities into the suburbs you have people leaving a high tax northeastern california stage. They're moving to alert cost states of places with better job opportunities. There's actually a lot of population move right now in the united states and know i think when i tell you this all makes sense. The data's there the question is will it continue figure. And then how do you make money and you know with is the gap right now in low income housing and affordable housing as you call it. The developers like million our homes very profitable. But they haven't been in an entry level stuff by friends. And i think you play by owning the guys that make the components. Don't have to guess which state wins. I don't have anything. I guess that the guys who make siding and make vinyl windows Roofing supply and make up plumbing all this stuff that's needed in at home especially lower and guys. I mean that have so much demand. They can't slowly orders the best place to be in business. One you know you have unlimited demand is figure out how ramp up fast enough the problem businesses would be able to watch your stuff so these guys have can have some problems wrapping up in hiring people and they'll be margin pressure and all these other problems but the demand is there and it's gonna keep going and now this trend changes if they raise rates fifty up south trade change if they raise rates hundred ups in on the end. What does that mean. It's one hundred dollars more each year each month on your mortgage like. I don't think that's going to change anything because you can't fit to kids in a single bedroom apartment anymore. It it'll solve itself. So these are sort of trends. I like and i don't think anyone who would ever push back and say copy you know. This trend isn't good one. Good one more question of how long's last. What's the valuation is priced in those questions. I think educate people can demands and in so much as you believe it will continue. It may be a prediction. But it's really not a prediction. Right you're just looking at. What's happening is continuing. I.
"kupperman" Discussed on Stansberry Investor Hour
"Quote by bill gates and it was about google boys and this is around that time it was in the early two thousands and he said well you know. Let's let's see what they think. When you know they're they're trying to run a big company or something like you know very sort of condescending like yeah you know what happens when they grow up there. He didn't really take them seriously. You know the government is always. They have no faith in in markets whatsoever. And they're actually a pretty good contrary indicator i think you know. Maybe the fact that they're they're they're concert. They wanna break up some of these companies big tech companies. You know maybe we should be going back to the late nineties and thinking about okay. What's the next wave where they vulnerable. And and you know baby You know maybe these. These companies are not something that we really need to worry about not hit the panic button and try to regulate them. Because it's going to have right that the negative the law of unintended consequences going bouma rang on us. Yeah i thought as soon as you start talking about this. I thought at microsoft soon as the justice department comes after you're done you're solid right. That's you know that's that's the moment and the other thing. Though is i think of the master settlement agreement for the tobacco companies. Yes right as soon as as soon as they say well. You're going to have to pay this big penalty or anything. It's almost like a huge by recommendation. Because you know certainly nobody else you know. Nobody else could go into that business and even with Secular decline in smoking. The those companies have been huge cash. Cows just huge generators of. Yeah and it's interesting. You bring that up because you know so so two points. One is the fact that they they basically made it illegal for anybody to advertise in print. Remember they pulled that. And how you if you're an incumbent. Let's the best thing that can happen is you've already created your brand and now nobody can compete with you through advertising right i. It's it's it's just a one penalty. Yeah yeah where do i sign. Up for this and I think the other thing is you. You mentioned We were talking earlier about defensive companies. That's another area that we don't have any investments there but they're not they're not expensive that's for sure companies like altria group right definitely not expand. Nobody wants that when they can You know when they can have the thrill of buying amc. Entertainment or games stop can buy or or they. You know forego companies like that. Because they don't meet their. Es she criteria right yes g that's another you know perversion based on. You know the government's ability to say well we're going to predict the weather and the weather's based on energy so were against energy and all the companies wind up being against energy companies. And they do these other things and that of course has the opposite effect Which was also talking about. Recently with with another guest who harris kupperman who will be on in another couple of episodes and it has the opposite effect right so people say well..
"kupperman" Discussed on #hottakeoftheday
"Marketing lunging but for people like me a lot of time. They just don't do much. I've done a lot of event driven just because the there's love short-term Week maybe a month sort of tactical things to do know the stock market's really screwed up because of all the money so don't let huge computers ami have some sort of corporate events Computers are forced to do something that's often against the best interest of the people who invested products. But i mean with your program. So he's short term in always very. Are you'd apple and close. They have a limited duration. These views you know that after certain number of days whatever even trade works or doesn't if you play a lot of them know the odds are very strongly in favor and i've been doing a lot more out that interests me but I've even taken off my books. Because honestly i'm really worried that his crazy happens in the election side and i'd rather have cash right now though. The adventure stuff is pretty good for a few hundred bucks a month. Then i go back to that in january. We have preserved so last question for today because we touched on last time. It's timing wise. So tesla was added to the s. and p. five hundred and tesla as a result of that news went up twenty percent over the course of about a three day period. Which of course is interesting to your point of passive investing. There's so much passive money looking for. Etf that aren't making any choices. They just by the index which creates everyone in an index when it's market weighted becomes massively overvalued or i guess overvalued is a relative term but but there you see bizarre things where the business doesn't change they go up twenty percents. I'm curious how you view that and the decision of the snp given the tesla's sort of a deeply controversial company with deeply controversial ceo. We'll the snp itself. Is there a formulaic. They have checklists and he checked all oxes. You asked the club. That's just where the world's work and they they sip all it's hard to have. What is it anther fifteenth largest company in the united states that has complied with the rules. They have friday through a few rules but they take check box and snp says Love i guess at some points in terms of the fact that it was up a hundred dollars this week you know. I've told you a venture phenomenal that day. Got you know it opened up sixty dollars a dropped twenty thirty dollars from the open What some. I can't say one task. It was sold her very good Played it about one quarter of the size of play to vendrell -sition to prevent Quite small that note the expect wanted physician now but it was just probability that late even on Grossing at played it. It's the money i moved on. It's gone higher. But you know. The statistical data says that it was very high properly. And that's what happens. When we have nasa fun flows this fifty or sixty billion dollars. Tesla basically what it was just not that much for sale people who own it or either. Et apps that voted in their own. It or it's people who are on some sort of ev. Kara hi a. We'll never sell it so this is not a lot of sellers and this guy that needs to sixty billion of course. So how does that end and again. I know there's been shorts in it forever and it continues to go up. I don't really know why tesla just keep going up and then eventually they buy volkswagen and general motors business. He kinda one. I can credit. Look i bet against two years a little money thank. I stopped out on goods on credit. He loved his way in front his way through. And he's probably gonna end up having something. That's marginally sustainable out. Because he can raise unlimited amounts of money. Buy real comedy a and that is what america's about well harris. It's always enjoyable to talk to you. I love. I love your approach. I love the way your mind works. And i think in the context of everything going on people should be following your newsletter at adventures in capitalism and i think that it also should for those day traders out there. It should sort of alarm you that this is the person on the other side of some of the trades that you're trying to beat and so maybe it's time to leave it to the professionals and get him. I plays rob appreciate pets. Love lover well. Great to see you. Happy thanksgiving to everyone wanted all. Enjoy your families. It's been a crazy year. Hopefully twenty twenty one will be better and until next time be safe. Be good have agreed..
"kupperman" Discussed on #hottakeoftheday
"Then i'm just here to make money from my clients in the end. It's not something actual you know away. The process my clients. It's all just interesting but you've got to revive and you know. I think we have about months window or something. Maybe it'll.
Our Season Finale Starring the Founders of She Podcasts and Skyes husband Don
"Hello and welcome to inside podcasting the show in which creators discussed their craft. I'm your host. Sky. Pillsbury. This is a post show episode, but we're doing things just a little differently today I all chat with Elsie Escobar and Jessica Kupperman about last week's interview with sixteen nineteen producers, a Diese Egan and Anti Brown Jessica and Elsie our the founders of she podcasts a community that helps women and non binary podcasters through every step of their podcast journey. The pair met online years ago and joined forces to create a free facebook group that now has over seventeen thousand members. Jessica Elsie also hosts a really fun podcast called she podcasts in which they talk about all things podcasts, and they are the founders of she podcast live an in person conference I attended their inaugural event last year and it was wonderful. Their next event is scheduled for next. October. that's October of twenty twenty. One For the second half of our show due to popular demand I am bringing back my husband. We will take a look back at the season. I hope you enjoy today's conversations and I'll be back at the end to wrap things up. I am thrilled today to have with me, Elsie Escobar and Jessica Cup for men who are the founders of she podcasts. They are also the women I consider to be my podcast Mama's. Even. Though I am almost one hundred percent sure that I'm over than them both. So with that welcome Jessica and Elsie, I'm so happy to have you here. Think. You yes. All right guys you are my guest hosts and I'm your subject and I'm ready for you go. Just you have the questions I will chip in. Okay. There are so many shows and episodes right now in podcasting about race and racial relations. So why did sixteen nineteen speak to you specifically? Honestly it made me feel angry that I had not Known so much of what was talked about in this podcast. Hadn't learned any of it in school and I went to a very good public school and yet I felt like everything I was hearing felt new to me obviously I knew basic facts about Abraham Lincoln and the civil war and things like that. But I did not understand any of the nuance and I certainly did not understand how happened what felt like so long ago right it did sorta feel to me like ancient history did not understand how connected it was to our current world. For example, healthcare I had no idea that I mean our healthcare's. Louis it was mind blowing like the fact that we have the worst healthcare system of any developed nation and the fact that that can be traced. So clearly back to the fact that we did not want to allow black enslaved people or even black UNIN slaved people to have equal healthcare. You know the fact that we can trace that back is. Rushing and tragic, and it's tragic for all of us you know and those kinds of realizations just felt so jarring and I had a real emotional reaction to listening to the podcast both because I just felt so much more empathetic to people who are living the black experience in the US but also it was also emotional because I felt cheated of that knowledge and so the reason why I wanted to talk to the people and I still feel so incredibly fortunate that I was able to get them on the show and bring shine. Any kind of light on that for other people was incredibly rewarding and that's why I wanted to have him on on the show they. It's funny. I've thought about this like they talk in the episode about how they want to lift up Nicole's work and I felt that in talking to them, I was hoping to lift up their work and Nicole's work. You know sort of getting even more Meta here but just wanting people to recognize and see this podcast and maybe have the same kind of transformative experience listening to it that I did.
"kupperman" Discussed on #hottakeoftheday
"Yeah, so so let's talk about you. You touched on passive investment in ETF, and it's obviously been a trend year money manager you Butare clients money, and you figure out creative ways to make the best return whereas the the Jack boggles vanguard model. Is You know by an ETF? Comeback Thirty years. It'll be fine. It's very passive. You know some some some rumors that Tesla. Was Being Front. Run a little bit about being added to The p index I'm curious. If you think passive investing has seen its heyday, and then we're GONNA. Move back to more active in an environment like this or how you. Bridge the gap between some of the stock, picking active investment versus the pass investment that seems to be attracting so much capital. Passes he going intrinsic motion usually keep going just because and I anyone trying to fade that it's probably too early. Eventually, it'll reach the point. Where passes stop? Outperforming the actives in the money will shift at the way the end all fund flows adjourn by making money. Unfortunately active guys have underperformed for decades, so it makes sense as a geyser gave capital flows. Known unfortunately passive, his totally bastardized everything industry, because it's no longer looking at valuations in fundamentals data points, it is more question of. Which ETF's cross stock in as those e get inflows, stocks go, and as the stock goes up waiting. Jeff goes up nasty by more. Is there a liquid cursive loop that just keeps feeding on self indefinitely and eventually SA- crazy insanity level now. I. Don't think we're there yet. At least keep going. Unfortunate worthies site I found that. If you go below the one billion market cap threshold is a lot less passive which means that the much better. Signal to response in terms of what's happening in the news. which is you know where you want WanNa? Be You WANNA be able to make a fundamental view something then if you're right than a few months, response and you're not GonNa have that in the past the stocks of Thailand passages because it is known left son right. SMART companies okay. So so you're! You're going to less billion. How why do you think active managers I? Mean there's a lot of reasons, but in your view. Why do you think active managers have underperformed the last ten years verse passive? I liked your description that you know money. Money doesn't move to people because they liked. The money moves to people because they make them more money, and if passes better returns. You're going to do that if actives better return. You're going to do that, but what do you think active in your view has underperformed? What has been the key mistake or mistakes that were being made by active managers over the last five ten years. So everyone everybody's fighting the last war, and so the last war less terrible students. My industry is the crash, and so a lot of my friends have ran virtual books that ran books. That are you know when twenty eighty or something with a forty net mom torture grows the rather than books, which means that the markets on straight up. They've just underperformed. This massive short exposure they've been reloading on puts forever. That wins. Put Heaven At, have this struggled you that? A lot of guys went out there. In Two thousand ten eleven twelve, thirteen, they went to rich guys had seen huge loss to the net worth, and they said look. There's another crash to protect you from that. We're in these plots and you don't throw the way up. You'RE NOT GONNA. Lose Happy Networth. Now's a really good selling point. Unfortunately markets going straight up and all these guys are under performing and use rich guys saying. I don't need this. Let's I just go by the SNP. Not Pay to twenty. Why don't you need this guy around? You need a crash where these guys lose half their money, but the most recent crash. Japan back to facts don't really funny paid. They'll get another crash into stock markets work, and you'll have one. That doesn't bounce back as fast. I think. Everything's a cycle of finance and this is a cyclist gone on for twenty years the back the other direction. We had a similar cycle this late twenties where money went into basically the investment trusts, the investment trusts just save. Ten stocks are see as the world must like Amazon Tesla. Old like the soft. Yeah, all. The fabulous five RCA General Motors US steel housing, the fat, five, eighteen, twenty eight, and then. What's the trust a quarter? There's no sellers marginal amounts identifying, said it higher and the trust, start buying each other and pilot leverage on, and that's why when the market crashes 1929, because it will rounds at the leveraging as these trust that were levered fifty percent margin calls margin calls Martin goals, but it was very similar was happening now because you have the same passive. was a five year cycle cycles. Repeat themselves over and over again. This one will unwind and went unwinds that fat five never will be anywhere near it 'cause those stocks will go down every day one percent every day for two years. That that is my recollection of two thousand and two, thousand and one. Of the show went out every day for two years, one percent every step leaking lower, it's UN-. It's truly unbelievable that when things finally correct you see oil and gas, and so back to your comment on I wish I'd never seen gas stocks because I would never have lost money. They have literally been leaking. A couple up, but generally they've been leaking a percent a days for six years. If you could go back and meet yourself. As a younger like your two thousand and three self, and from everything that you've learned that that really would have changed the outcome. You know whether it was on an investing, thesis or personal thesis or books you read is what would you tell your your two thousand and three self that you think would would be really impactful. Never invested mining. That that is a, that is a good one. My own gas records a lot better than minded record. What's your? What's your least favorite mining story of of of thesis? That just did not work. There was a mining stock had an operation Peru. It was A. Seething with with oil and gas that at least you have revenue, so that revenue can kinda flow you around time to time, but if you are a junior mining, stop go. Operations need to raise capital restricts months just to pay salaries drill holes. Do the engineering study just always money going out the door? No money coming in which means you yourself hopes and drapes is something went to this the positive Peru. Godforsaken Hill and. Hartley Boys. and. It looks rents the. Chip samples who sent to the lab? Yeah, you know they weren't thinking numbers all good input Hedge Fund put money in at the time. I WANNA my really good friends in senior management, company and other. as chairman. And a few months later, we learned that. It turned out the comedian. Actually on the asset says CEO's brother over the assets ad. They had four. Some documents with the auditors at your proven courts had faked documents. Who's one of these things you could only dream up?.
"kupperman" Discussed on #hottakeoftheday
"Because most people have experienced that everyone's like oh I love Exxon, so great pays an eight percent dividend, most people who've owned Exxon certainly since two thousand fourteen, our way underperforming the SNP and anyone who's own oil and gas for the last ten years, including the massive run up and the massive rundown you literally could have been any treasury and done better and not. Not Cause yourself nearly as much pain and so there is this like coal Esq direction that equities have gone and we've seen what happened since coal, so it is an important thing that when people say I don't understand why investors aren't coming back into the sector, and because I wish I'd never heard of it because I would be richer status. The reason I. Do a lot of cyclical investing life cycle. Stay every cycle in. In a commodity sector is the same where people truly despise the sector where Cava finally gets cut off, which really hasn't happened oil-and-gas slow few months ago. Our capital gets totally cut off at you. Get this wave on wave, structured bankruptcy and merger. This is how he cycles eventually end. They're all saying and yet wait so this cycle of nations way through the United States You have a lot of guys are still really. Really Wells that are not economic. Today's forty dollar wd I I. Don't know why you invest capital knowing that dollars. The ground seventy five cents comes after years later this it makes no sense to me, but this is twenty two playing his playbook that you build, it ought Fermi. Saul to consolidating majors, and that game is over I would say that if you look at what's going to happen US energy OPEC is a game plan. They intend to bleed at Shell. They tried in two thousand fifteen, and it got cold feet because just to hateful. and. Trump got elected in sixteen on the back of Republicans which are primarily Texas which needs to oil and gas industry, and so it has no no coincidence that OPEC cut production for the first time in two years three weeks after trump got elected in two thousand sixteen. It's I feel like with the. Last time they. All, doing was lowering the service provider costs too much energy companies, and this made the energy efficient, and it kind of realized that they weren't winning and is one of the reasons. They SORTA relented a little need to set. We gotta wait a few years until we go through your inventory a here. We are now and they flood. The market is over a billion barrels, floating around in wants which is way down on energy prices for very long time as we work through it, which gives them a lot were flexibility. Keep pricing on. I. Don't think they want pricing twenty. Because what that's going to do is bankrupt. Everyone led the restructure debt, and then go compete with OPEC clean balance sheets when they WANNA. Do is a sleek force. Everyone slowly out drilling slowed down dramatically corruption the trail off of the rest of the year next year, and what grounds mostly going to be used to cover interest expense down recession. GUYS AREN'T GONNA. Drill guys are gonNA. Run down their production. They'RE GONNA run down their existing reserve bases and make no money in process. Just GonNa. Keep the lights on. Which is actually better for OPEC than a restructuring of these debts that lets the guys compete with the new. Bankroll No, the way I see. This OPEC is gonNA outlast a the premium. And The Way I'd latest is deficient about choosing the bottom in oil and gas companies I do think that gas probably does. trails off out instead say if the US goes from thirteen. We're at eight in two years and would act import million more start looking around the world. We're going to import it from. You know it's not Hata because the tar sands those aren't really economic Canada's really moved. The government has really really moved really left in. Very very ansel, I mean even even the fact that the the campaign in the US to push that they're called the tar sands, and not the oil sands. There's a lot of headwinds that are in the Canadian infrastructure I totally agree with you. Plus a lot of their other production is a shell, and it's just uneconomic. Czar Shale, you go Mexico like their internal declined Venezuela's a mess. Maybe Brazil will stumble over the. You know West Africa is a mass Libya. Her government the north. Season will decline going around the map and start looking we're. A circle wire out from the US where they get it from. A lot of oil from the Middle East going forward. The Saudis are going to end up getting market share and. We import. You need US sixty carriers and I think the long term trend is that we're importing oil that we were last year and can be very the replacer tankers and I own a lot tiger sauce A. Bit The trend baby I belong them for over a year. you know the this year. They're gonNA have the best earnings they've had IT IN A. Eight bull markets are. Usually commodities bull mark are indicated by your increases in price, and we've now had five consecutive quarters where a order charter rates are up reach hardly down quarter quarter other up year over year. I think you force me. They're a strong key powered through these companies earning very good returns on capital right now it's it's been a twelve year. Bear market. That's literally bankrupt everyone. This sector is almost not vessels. In order the global fleet is the oldest is. It's been since two thousand to the average age of vessels almost ten years now. The order boasts a small suspended in twenty years. I think you're GONNA hit. A new happy in the fleet's wrote a seeing that charter rates up, but then the real changes that importing more at a time when we're not greasing more astles, if anything probably scrapping vessels, so I think you'll see a period of access, me folks. History looks at the stocks that are inflicting longer treated access earnings out of the way when the bleed. Companies usually to death lows years. Yeah, so it's interesting that you say that because one of the things you've talked about early on as you're, you can be really wrong, so you got you you. You need to pick things you can get five or ten bags on because if you're really wrong. In hindsight always makes twenty twenty cents, and so like the exact argument. If we take the tanker argument further, which is now the US is importing five million barrels more of crude from the Middle East. which you know, the Green. Movement is very upset about this. They want renewables. They want electric cars. They want Tesla's. They want to rebuild the power grid. They want the green new deal. Biden gets elected, and so the American consumer says I don't want anymore. Combustion engines, because like they go California, and then all of a sudden five million barrels a day that would've otherwise been imported ends up not being imported because we invest in natural gas and build out the infrastructure and therefore have power. You're looking forward thirty years or fifty years an I'm trying to look for eighteen months. No you can have a roadmap, but there's GonNa. Be Bumps along the way eventually transition away from hydrocarbons but I think there's a lot of impedance both financial interests like physics related in I'll even if we were go happy today, the residual on the road to take longtime disappear less you. Chemical Industry and other things is GONNA be a slow gradual transition. I think we're GONNA hit peak oil demand. Is undertaken over the years the lot models. The funding these models is they all get justice every six months based on the most recent data point, right? I just don't see it. Matter in word is still need moral those hours. I totally agree in an so. Do you do a hedge like so so again I was? I was projecting further as sort of like. How does your trade not workout and right, and so you say like is there? Is there a natural hedge or when you're thinking about all the scenarios in the next eighteen months? That could prevent your success case. Do you end up? Up Hedging on the other side buying the whatever or do you just as you said may concentrated bets that this is what's going to happen. Here's a reason is going to happen. As long as it continues on that trend, we're GONNA. Do well the second. We really see catalyst for change. We're going to exit the position. No matter where Iraq is that a fair characterization. Louder Look Hedges buy cheaply. Might tanker stocks the basket them? They trade on average between one third and one half net asset value. They have very low financial leverage, which means that if the cycle doesn't lacked the immediately you're. There's a couple of quarters are not going to be on in danger of. Restructuring or down round capitalize actualized stock in pretty hefty dividends right now. And so you know I thing to downsize report, you know this is the way to make money in this industry is not make mistakes, and you protect downside then you follow thesis really closely as a thesis of playing out stay with it and Sousa thesis changes even slightly near. You got revived every minute I'm one of the first guys to get out. You know thesis. They're dangerous right now. My thesis is very big pictures slide demanding balance in terms of tankers, these things only lasts about twenty five years ago, scrapped in, we're not producing new ones as rapidly as the zoo and global demand to increase quite dramatically, because between China importing a lot more oil and the US import oil. Anywhere vessels to move this stuff around..
John Bolton says he’ll testify in impeachment trial if subpoenaed
"In John Bolton again pops his head up you know he's he's like a like you know like in in the desert that prairie dogs I wasn't as head pops up things like I'll testify in in a goes down again US on Monday yesterday he said he's willing to testify under subpoena in a Senate impeachment trial he said since my testimony is once again an issue I've had to resolve the series competing issues as best I could based on one based on careful consideration and study I have concluded that if the Senate issues a subpoena for my test book testimony I am prepared to testify here's the thing brings up a lot of questions for me but here's the thing the Senate the house prepares the case the house calls the witnesses the house puts together a case and then votes on articles of impeachment these are the charges are basically done charges that they've come up with the president did this this and this wrong these are articles of impeachment based on the testimony in the evidence we heard they chose not to pursue John Bolton and his testimony when when they knew it was going to go to court right because John Bolton declined to cooperate with the house and he cited a court case by Charles Kupperman who's also White House official and that we've you know Congress against the executive branch was gonna go to the courts and so they decided not to do it wasn't important we have enough we've got our case now it is going to the Senate they want all these additional witnesses a more
"kupperman" Discussed on KOMO
"Statement your back is turned Mister Morrison my colleague from California suggests he knows your opinions and your thoughts better than you do do you have anything he can give you the opportunity to respond do you have a response I want to give a response no Sir I I heard that the president make a request I receive no direction at any time to attempt to wait a policy process different from what I laid out in my deposition I was directed by doctor Kupperman to launch an interagency process to ensure or for unity of opinion in the inter agency as to the importance of continuing security sector assistance and and that's what I did I I acted at upon the direction I was given good copy we're with you miss miss Morris and thanks for your testimony here your clearance over testimony today did you participate in our overhear any conversations about how political information collected by Ukraine on the bidens would be used for political gain no Sir ambassador Volker same question did you participate in our overhear any conversations about how potential information collected by Ukraine on the bidens would be used for political gain no I did not I'm that is Republican will heard of Texas yeah text exchange you had with Mister your mac on on on August twelfth that talked about this proposed statement and and mayor Giuliani provided some feedback on what he thought needed to be included in that did the mayor Giuliani get feedback from the president on what should go into that propose statement.
"kupperman" Discussed on KOMO
"Delightful file and you said when you return to the United States yes media papered up given your your bank you know with a C. I. clearance whenever a foreign government makes a overture like that you have to you paper happen you you tell your chain of command I did but I also don't know if I fully entertained it as a legitimate offer I was just making sure that I did the right thing in terms of reporting yes okay and and did any of your supervisors doctor helps timer heard or read doctor Kupperman international bold never ever follow up with you about that it's a rather significant you know the Ukrainians are for do the post of defense minister you know did you tell anyone in your chain of command about it after I spoke to when I believe it was the deputy our deputy senior director John earth was there I spoke once I mention it to both of them I don't believe there was ever a follow up discussion okay that ever came up with doctor cover manner or doctor health following that conversation I had with doctor hello I don't believe there was a subsequent conversation and I don't recall ever having a conversation with doctor Kupperman about it okay and did you brief Dr since our director Marcin when he came on board no I completely forgot about it okay and the subsequent to the major did Mister Downey looks ever ask you to reconsider were there any other offers known when he visited for the July tenth meeting and with ambassador Bolden did it come up again it never came up again okay and did you ever think that possibly if this information was you know got out that it might it might create them at least the perception of a conflict the detainees thought so highly of you and to offer you the defense ministry post you know one hand but on the other hand you're responsible for Ukrainian policy the National Security Council so frankly would be it's more important about what my my my American leadership American American chain command thinks than any of the friend this is these are honorable people I'm not sure if he meant it as a joke now but it's much more important what my my a civilian White House national street care council chain of command thanks more so than anybody else you listen live testimony from lieutenant colonel Alexander vin men from the National Security Council he was one of those who was listening in on president trump July phone call with the president of Ukraine he's being questioned at the moment by the house Republican counsel on that committee Steve caster this is calm all news radio it's a fourteen check begin today are como triple a traffic.
In reversal, Mulvaney says he won't sue over impeachment probe subpoena
"Public testimony is scheduled to begin tomorrow in the house impeachment probe of president trump but it's unclear if a top White House adviser will be questioned fox's John decker's live at the White House in a reversal acting White House chief of staff Mick Mulvaney as indicated in a court filing that he does not plan to pursue litigation regarding the deposition subpoena issued to him by the US house of representatives instead Mulvaney will rely on the direction of the president in not appearing for the congressional deposition earlier this week Mulvaney withdrew a last minute effort to join a lawsuit filed by former national security adviser John Bolton's top deputy Charles Kupperman veiny is seen by congressional Democrats as a key participant and president trump's alleged effort to pressure the Ukrainian government to pursue investigations into his political
Democrats release transcripts of testimony from three officials ahead of first impeachment inquiry public hearing
"Releasing a trove of impeachment transcripts. Tonight and they tell this story. Trump and his defenders withholding withholding crucial aid to Ukraine in an effort to please Russia Catherine Kroft the current special adviser for Ukraine negotiations telling lawmakers the president's Acting Acting Chief of Staff Mick Mulvaney had the office of Management and budget put a hold on delivering javelin missiles to Ukraine. Because Mulvaney was concerned quote that Russia Russia would react negatively to the provision of javelin to Ukraine to be clear the story Mulvaney bending over backwards for Russia when according to cross testimony all other parts of the US government involved in the javelin deal supported it. Also tonight we're learning. Christopher Anderson a career foreign service officer testified the president's special envoy to Ukraine believed Rudy Giuliani quote was an obstacle to improving relations and putting pressure on Russia. And there's a third erred testimony that we are seeing tonight for the first time. From top Pentagon official Laura Cooper the Deputy Assistant Secretary of Defense telling lawmakers about a meeting back in July where officials raised raised concerns about whether it was illegal for trump to withhold crucial military aid for Ukraine in exchange for dirt on Joe Biden Cooper. Saying immediately deputies begin into raise concerns about how this could be done in a legal fashion. That's a quote from the testimony. So what is president trump saying about these three transcripts that we are seeing tonight well. He tweeted twice today. That Congressman Adam. Schiff is fabricating the transcripts. Which of course is false? These are the transcript. Republicans have been in these hearings. They've been asking questions and not one. Republican has come forward to say say that Democrats have lied and Dr Transcripts. It's an absurd claim this is all unfolding of course. Trump is about to face the biggest threat to his presidency in less less than forty eight hours. Democrats will take their case for impeachment public holding the first historic public televised hearing with Bill Taylor. Trump's top diplomat in Ukraine. Remember right it was Taylor who laid out that evidence of quid pro quo testimony that for some Republicans was a game changer. Kaitlan Collins is traveling with the president tonight and she is out front live in New New York. That's where the president is outside trump tower. This evening Caitlyn so You know I mentioned those tweets but how is the president feeling tonight with these public hearings looming the president and his football days indoors inside trump tower here behind me ever since he gave those remarks the veteran's Day parade earlier today tonight. He's lashing out repeating that claim that he believes. Democrats are putting out Dr Transcripts even though as you noted Republicans who were in the room for those closed-door testimonies have disputed the accuracy of them but the president it is also seeming to let the deadline slip on. When he's going to release the transcript of his first call with the Ukrainian president something that he told me on Saturday? He was going to be doing tomorrow now he just says it's going to happen sometime this week. Now Aaron that's coming. Something really notable is happening with his chief of Staff Mick Mulvaney who was attempting to join this lawsuit filed by the former deputy national security advisor. Who's essentially asking the courts to decide? Does he have to listen to house. Democrats or the White House when it comes to testifying on Capitol Hill. Charlie Kupperman said he didn't want vein essentially to be on that lawsuit. He didn't think the same reasons given that he was a national security official. WHO's no longer in the administration and Mick Mulvaney? Any isn't a national security official who still works in the White House tonight. We're learning that Mick. MULVANEY plans to file his own lawsuit asking the courts to decide whether or not he has to respond to that subpoena subpoena on Capitol Hill an errand. That's notable not only because he's the chief of staff who still works president trump but also because of the role he played in that White House letter. Remember that eight page letter. They publish essentially telling White House. Officials not to comply with any requests from Democrats giving them protection essentially not to. Now Mick. Mulvaney wants to leave that decision sued for him in the court's hands. All right CAITLIN. Thank you very much. And I WANNA Democratic Congressman Gerry Connolly. Now he sits on both the the House Foreign Affairs and oversight. Committee's congressman. Lots to talk about tonight obviously But I want to start with some of this new information that we're getting from transcripts Cooper Testified Lark Cooper. That is that. There was concerned withholding aid from Ukraine. Was Not even legal. Do you believe from everything you've seen from being in the room. From seeing these transcripts the president trump's administration was indeed breaking the law We're GONNA have to obviously IMO. That one over. I believe the president broke the law in extorting The president of another country By withholding the military aid I believe given the fact the congress wanted this lethal military aid including the javelin is to go to Ukraine the president ignoring it suspending it is in a very questionable suitable area. But there's no question that by withholding the aid for the purpose of extortion. That was an illegal act so so in the newly released transcripts and other thing. We're learning right from Catherine craft. In this case. She testified that Mulvaney was concerned and I quote from her testimony that Russia would react the negativity to the provision of javelin to Ukraine. And she also of course says that every other you know administration unit was involved supported Providing these chaplains to to Ukraine so You know how what is there any situation. Okay let me put it this way congressman or any situation in which this would be true that they would have withheld this because they they were concerned about Russia's reaction that makes sense to you know in fact it's actually a repugnant thought. Javelin missiles are are very effective. Antitank weapons the Russians and their paramilitary forces have tanks and other military equipment in active combat in the eastern part of Ukraine. Ukrainian government wanted those javelin missiles to defend itself to protect itself for Mick Mulvaney. The the president's Acting Chief of staff to be concerned about the Russian reaction as opposed to the need of Ukraine's government is You know a warped sense of values and really a a Har- finding thing to contemplate that somebody so senior and our government would put Russia's concerns ahead of the those of our ally Ukraine. So you mentioned Mick Mulvaney and of course he's now saying tonight. Radio joined a lawsuit for with John. Bolton's deputies now he's now how out he's going to file his own lawsuit to let the judge decide whether that he needs to honor your subpoena and testify in the impeachment inquiry. And I just WanNa make sure you know first of all any lawsuit would take time. You made it clear you're going to go ahead and you don't need his testimony. Does this change anything for you or are you going to wait for the court to decide on this. We're not no in fact Some of the subpoenas has you know were withdrawn so that we're not held up in litigation in the courts which just take way too much time. We need to address this and address this in real human timeframes. I will say that the craziness continues for the president today to assert assert based on nothing. The transcripts were doctored and don't really reflect the deposition of the witnesses. We heard from and by the way those transcripts reviewed by those witnesses and their attorneys before they're released for accuracy but secondly of course to have the chief of staff of the president actually suing doing his own White House to get a decision about whether or not he's Required to respond to Congressional demand for testimony or the White House Directive. It really brings us into all new territory in terms of
White House's Mulvaney to sue over House impeachment subpoenas
"I think what has to does that make Mulvaney is facing opposition in his bid to join a lawsuit over the house impeachment inquiry correspondent Jessica Schneider reports former trump administration adviser Charles government doesn't want Mulvaney to be part of his effort to ask the court to determine compliance with subpoenas is attorneys now say hastens Kupperman himself has never publicly disclosed any information relating to his official duties of the White House he should not be lumped into the same suit as Mick
"kupperman" Discussed on SuperTalk WTN 99.7
"Chief of staff Mick Mulvaney is facing opposition in his bid to join a lawsuit over testimony in the house and peach been inquiry correspondent Jessica Schneider explains why are Charles Kupperman the former deputy national security adviser feels that Mulvaney should not be on the same lawsuit ever his attorneys now say Hey since Kupperman himself has never publicly disclose any information relating to his official duties of the White House he should not be lumped into the same suit as Mick Mulvaney Mulvaney is among former and current administration staff to have defied congressional subpoenas to testify before the impeachment inquiry defense secretary Mar Casper says army lieutenant colonel Alexander vin been should not fear retaliation for providing sworn testimony in the Ukraine probe president tweeted Vinton vin then was a never Tropper raising questions about political fallout four is career the Dow up hi Mike Martz genesis diamonds W. T. M. traffic center six five North Vietnam vets Boulevard an accent there and also here at the Gallatin pike river gate parkway there's a crashes through them before really got things slow down in that area sixty five south where meets twenty four and sixty five north and also pretty big back about twenty four east and Shelby Avenue forty east look a little bit better here by the airport they got that record on the way here at Stuart's for in twenty four going southbound towards Antioch started back up in sixty five north bound as you come up on brit what little bit of a slow down and of course with those slick streets here in a long take it easy its.
Next phase of impeachment inquiry will be public and televised
"Were moving into another phase of this impeachment exploration thing we've got a public hearings which will begin on Wednesday yeah and at this point in time what we're seeing is the opening of the door if you will to the public side of the page of the impeachment inquiry that Republicans have been fighting for for a while now officially coming to light and you're going to see the Gallup polling in of guests that we have been here before already in regards to testimony on Capitol Hill but are coming back in now for the public version of that Wednesday and Friday of this week so we're looking at Wednesday a a double header if you will from a couple of different individuals will be coming in to testify and then Friday you'll have at least a single individual right now now that I'd schedule could change that could be more additions coming in and this could be something that is going to move forward into next week we don't know for sure would seem as though that would be the case we also saw last week from Adam ship that there will be a limitation on the amount of people that will be able to come testify so bill Taylor the Ukraine ambassador George can from the state department and Marie of homage all expected to be in today to test or excited that this week to testify I am part of the public doubt whether that's going to have the effect the Democrats are hoping for yet to be seen I also could very well devolve these television days into you know reality TV episodes showcasing peak partisan divide in Washington DC it's unclear what we're gonna see officially but I you're starting to see that might come together with Republicans issuing the people that they would like to request to come and testify on some level and Adam Schiff indicating that there's not much hope for that list of folks they're looking for yeah it is going to be really interesting and we'll see how this develops and you've got a lot of the side stories like the former chief of staff John Bolton if you you've you've got Mick movable current chief of staff I'm sorry Mick Mulvaney who says I I don't want to testify unless the court says I I wanted some clarity on this Democrats say we we don't want to push this back we're going to make decisions right now and and so there's a lot of things going on here and with that you're seeing Mulvaney not be the only one right you can go back to a couple of weeks ago or Charles Kupperman deputy national security adviser was gotten had gotten a subpoena to come and testify in he went overnight to to the courts over the weekend said Hey listen I need a judge to make this decision for me because I don't know if I can make the decision between the executive branch and the technically in this particular case what Congress is asking me to come testify so I need to judge to make that decision for me what was interesting about that is while we're waiting to see what the judge is going to say because what the judge initially said was they'd make a ruling but it was going to be until around December tenth or so you saw Mick Mulvaney over the weekend jump on board that lawsuit and kind of throw his name in there like what he's doing that then I want to do that too I don't want to make this decision on my own so he didn't show up for his subpoenaed testimony on Friday but also put himself into this lawsuit where a judge is supposed to make a decision today as to whether or not Mulvaney can actually be a part of that lawsuit and see if that laws you can make a decision for him on whether or not you should testify and that also falls in line with John Bolton because the according to what we're seeing here and specifically in detail the came out over the weekend the former national security adviser to president trump wanted to subpoena that he would come testify there's a subpoena so the Democrats are writing one up and then his lawyer said well if you wish you that's Peter's we're gonna fight you in court a simple then why would you do this and and say you're gonna come with a subpoena it's because they want a judge to make a decision on whether Bolton
"kupperman" Discussed on KCRW
"Friday November eighth on All Things Considered from NPR news I'm also change and a merry Louise Kelly this hour thirty years after the fall of the Berlin Wall we look at what divides Germany now we check in with the Syrian refugee living in Berlin it's not like materials we have like more wars and a hope the schools will fall down and they would try like Mike this too will help in that also democratic presidential candidate Pete bird a judge on restoring civility to politics so much depends on how the president act and how the president talks it's not just about running the government it's about setting a tone and a new study challenges the assumption that math is harder for girls now news live from NPR news in Washington I'm Jeanine herbs former national security adviser John Bolton is claiming to have first hand details on the Ukraine matter not yet discussed in the house impeachment inquiry but in Pierce Frank or don yes reports well that has no plans to share it with investigators nor does his lawyers say he should be compelled to John Bolton's lawyer says his client was privy to meetings and conversations that I've yet to come up in earlier testimony in a letter obtained by NPR attorney Charles Cooper is responding to a decision by house investigators not to subpoena bald and also to withdraw the subpoena for his former deputy Charles Kupperman house leaders say they expect Kupperman will testify in the impeachment inquiry if the court rules that former White House counsel don McGann was testify in a separate case but Cooper says any ruling in that case would not apply to Bolton Kupperman because unlike me again they were involved in national security matters the Supreme Court has ruled that immunity can apply to top aides in such cases Franco or Dona as NPR news the White House resident trump left the White House today to campaign in Atlanta before boarding marine one he said he hasn't agreed to remove any of the terrorists that he is placed on Chinese imports as the world's biggest economy struggle to negotiate an end to their ongoing trade war well they'd like to have a roll back I haven't agreed to anything John would like to get somewhat.
Impeachment updates: Former White House official defies subpoena
"Of over one else official did not appear for his testimony in the house impeachment investigation Charles Kupperman failed to show up for a closed door deposition on Capitol Hill the former White House national security official defied a house subpoena asking a federal court for guidance on whether he was legally required to testify Kupperman wants to know if the subpoena out ways White House direction for him to assert immunity Democrats want to question Kupperman about president trump's dealings with
Charles Kupperman, ex-top aide to John Bolton, skips impeachment testimony
"And a no show at today's impeachment investigation in the house Charles Kupperman a former aide to fire national security adviser John Bolton defined a subpoena Kupperman would have been the first witness who heard first hand the phone call between our president and Ukrainian leader course that call led to the impeachment inquiry more now from Capitol Hill Charles government was issued a subpoena by the house committees leading the impeachment inquiry but he was also ordered by the White House not to cooperate with the investigation over the weekend Kupperman filed a lawsuit asking a judge to weigh in on whether he should listen to Congress or the executive branch his lawyer says government wants to wait for the courts to resolve the issue before he
Charles Kupperman, Former National Security Aide, Set to Testify in Closed Impeachment Hearing
"Charles Kupperman is a former trump national security aide he will join a parade of trump administration officials testifying in a close secure hearing as Democrats continue their impeachment inquiry later this week another presidential security adviser Timothy Morrison will also offer what he knows about the president's actions on Ukraine president trump denies any wrongdoing Andy field ABC news
Former National Security Aide Set to Testify in Closed Impeachment Hearing
"For closed door impeachment impeachment hearings hearings in in Washington Washington today today this this time time a a former former member member of of president president trump's trump's national national security security team team is is scheduled scheduled to to appear appear Charles Charles Kupperman Kupperman is is a a former former trump trump national national security security aide aide he he will will join a parade of trump administration officials testifying in a close secure hearing as Democrats continue their impeachment inquiry later this week another presidential security adviser Timothy Morrison will also offer what he knows about the president's actions on Ukraine president trump denies any
Trump fires John Bolton as national security adviser
"We start with breaking news in the politics and president trump today firing his national security adviser Ambassador John Bolton the too long well documented history of disagreeing disagreeing on matters all the way up to today when the two had different takes on how Bolton ended up on the wrong side of the White House fence the president tweeting in part quote. I informed John Bolton last night that his services are no longer needed at the White House. I disagreed strongly with many of his suggestions. According to John Bolton's tweet which came just twelve minutes later quote. I offered to resign last night in president trump said. Let's talk about it tomorrow. The news came just before a White House. Briefing that Bolton was was scheduled to attend secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin who both reportedly clashed with Bolton behind the scenes. Were notably all smiles at this briefing everything a source close to the administration tells me that Bolton's exit is the result of quote Ed Administration with dysfunctional processes and bureaucracy one that attracts people who we're willing to make the big compromise to work for trump so they are especially cutthroat. It's a real snake pit and it's run by quote in Iraq. President who is hard to manage anew brings out the worst sensibilities people add it all up in the source says quote John Bolton standing for principals such as it's a bad idea to invite the Taliban to Camp David Well. Oh he didn't have a chance. CNN's Kaitlan Collins starts off now from the White House John Bolton the firing in came via twitter as president trump announced today he informed his National Security Advisor. His services are no longer needed at the White House but but in a surreal moment twelve minutes later Bolan denied he was fired tweeting. I offered to resign last night and president trump said let's talk walk tomorrow. Bolton was seen by CNN cameras outside the West Wing this morning after sources said he got into a bitter disagreement with trump the the night before the alternative was the White House and you wouldn't have been happy with that either. They argued over the president's decision to host Taliban leaders at Camp David a a meeting trump later cancelled John Bolton's priorities and policies just don't line up with presidents bulletins pushback inviting the Taliban on US soil and allegedly tiddly telling reporters about his feelings after may have been the last straw with one source telling CNN the leaking is what got him but in recent weeks Bolton had found himself isolated from the president iced out by the chief of staff and barely speaking to the secretary of State there were many times ambassador Assar Bolton. I disagree that's to be sure. Bolton was scheduled to be at this afternoon's briefing alongside Mike Pompeo and Steven Mnuchin the president's view of the Iraq war and and embassador bulletins was very different but after the president's tweet a White House official said Bolt is no longer in the building. I like conflict. I like having two people with the different points of view trump once claimed he liked the chaos of a west wing with multiple opinions but he grew irritated by Bolton's hardline positions in recent weeks. I actually temper John which is pretty amazing now. Jacob President says he's going to announce his fourth national security adviser next week until then Bolton's is deputy. Charlie Kupperman will takeover the National Security Council but I do want to flag one other bit of reporting we got that may have shown that Bolton was on the way out apparently currently when they were at the g seven summit in France just a few weeks ago he was tentatively scheduled to build some of the Sunday shows defending the administration's policies but sources tell C. in the bulletin was uncomfortable and didn't want to go on to defend some of the president's policies including on Russia which had become a big topic of the summit though people close to and said he simply thought that people like Steven Mnuchin or Larry cudlow were better suited at defending the president's policies on tariffs but jake of course requirement of working in this White House as you've got to be able to defend the president on television even the president's post to have Russia back in the g seven Kaitlan Collins. Thanks so much joining me now is Senator Bob Menendez a Democrat from New Jersey. He's the ranking Democrat on the Senate Foreign Relations Committee senator. Thanks for joining us your reaction to John Bolton being fired. Look the Unser Mona's way that Bolton was fired at stupid this functionality the whiplash that goes on in terms of you know national security and foreign policy look at the record this is going to be the upcoming the fourth national security advisor the Third Secretary of defense the Secretary Second Secretary of state the Second Second Director of National Intelligence and the list goes on and so the situation room shouldn't be the place in which the president plays his this reality TV show of the apprentice so it's it's very hard for our foreign policy and national security both with our allies as well as sending messages to our adversaries by the dysfunctionality that the president has in the White House. I'm no fan of John Bolton. He's very bellicose in some of his views but you need a national security advisor who's was willing to give you alternative views and other realities and not just yes men in in such a critical position. Well I want to ask you about Bolton specifically because one of your colleagues league's Republican senator who declined to be named told CNN that Republican senators quote clone to people like Bolton on Capitol Hill relying on him to know what's really going on at the White House seeing him I suppose as a non-sycophantic grown up one of the proverbial guardrails what do you think well clearly although I don't agree with many of embassador Bolton's views and he has a bit of a bellicose way about him in terms of foreign policy and national security but he was a voice that would give alternative realities or real realities to the president for his consideration and I know that in many choices for example like the precipitous move in Syria which would have left those who fought alongside with us in in the Lurch that voices like his were also you know surrounded by members of the Senate who who felt this was a disaster astor in the making so I think there are those particularly on the Republican side who felt that he was some sort of stability in terms of foreign policy there are many on my side of the aisle who thinks that that accurately you know he was a bit of a warmonger but what this says Moore I think it's less about Bolton and more about the president the president has no stability in in terms of national security and foreign policy just cut his legs from his Afghan. you know envoy his. Middle East peace envoy just laughed. He's got nobody with Kim. I'm John Own to deal with it so it's it's a disaster at a time that we have to one of the most challenging foreign policy scenarios in the world that I've seen in nearly thirty years. I know you disagree with Bolton on on a lot but there are areas where I imagine you you do have some agreement. A Bolton was skeptical of the President Meeting with Kim Jong Hoon skeptical of the president's offer to have a no strings attached meeting with the Iranian President Ruhani. He was against the Taliban being invited to Camp David. I wonder what this might mean for the administration going forward when it comes to policy and when it comes to people in the president's inner circle who are willing to say you know what Mr President. That's a bad idea I think those people are few and far between if there are any left in this administration. I think the only way you survive in this administration is by I saying yes Mr President even if you believe it's a horrible idea including for the national security and interest of the United States in its people and so that's one of the challenges of this administration administration the reality is is that this is why I believe that Congress under its Article One role is more more important than ever before the Senate Foreign Relations Committee the House Foreign Relations Committee the intelligence committees the Armed Services Committee need to have a robust oh bus vigilant row using their article one authorities to try to pursue a foreign policy that the administration ultimately will will limit the risks that they pose in terms of US foreign policy and national security interests oil prices fell almost immediately after trump tweeted about Bolton Why do you think that is. What are the ramifications might this well? I think that those who believe that Ambassador Bolton who was an advocate of for example example the potential of an attack on Iran because of its nuclear program and the instability that that would create in the region maybe be those of us that now there's less of a bellicose view as it relates to Iran and the region you know I would assume that that's speculation on their airport and that's why some of the prices fell all right Democratic Senator Bob Menendez of the Garden State New Jersey. Thanks so much appreciate it. Sir Thank
"kupperman" Discussed on TalkRadio 630 KHOW
"ABC news I'm Judy Chang now that former national security adviser John Bolton has resigned what's next ABC news state department reporter Connor Finnigan says president trump will lean on his other foreign policy advisers the biggest thing here is that Mike Pompeii has really emerges president trump's most important adviser loose on foreign policy it's really his relationship with president trump that has kept him around for so long he was first president from C. I. A. director then transitioning to the secretary of state White House officials say deputy Charlie Kupperman will take Bolton's place in an acting capacity a rocket exploded the U. S. embassy in Afghanistan just minutes into Wednesday the anniversary of the nine eleven terror attacks on the US officials say a rocket was fired from an unknown location and there are no casualties authorities in Minnesota say they have new evidence in a fire that destroyed an historic synagogue but to lose police chief Mike Tuscan didn't specify what the new evidence is this is ABC news the Houston health department says three teenagers have confirmed cases of a long illness related to vaping Kansas is now reporting a death possibly linked to vaping the Kansas department of health and environment announcing to say the death of a person over the age of fifty associated with long disease caused by vaping or use the cigarettes though they do not give detailed information on what types of products were used the death is the first of its kind in the state the state's epidemiologist says the patient did have a history of under lying health issues and was hospitalized with symptoms that progressed rapidly the governor is warning the public to follow the recommendations of public health officials rain borough ABC news authorities say Wisconsin man is accused of manufacturing thousands of counterfeit vaping cartridges with THC oil for almost two years in ocean county prosecutors say the twenty year old employed ten people to make the devices health officials have warned against buying counterfeit vaping cartridges juju Chang ABC news. there's nothing like meeting face to face and there's nothing like zoom to make that happen.
John Bolton out as Trump's national-security adviser
"John Bolton it is out as national security adviser that means president trump is looking for his fourth permanent person for that job in less than three years NPR's Tamera Keith reports policy disagreements appear to have been to blame president trump announced via a tweet that he had asked Bolton to resign Bolton then followed with his own tweet saying the decision to leave was his alone trump said as national security adviser had to go because he and others in the administration disagreed strongly with many of Bolton suggestions secretary of state Mike Pompeii was among those to clash with Bolton the presence entitled to the staff that he wants that and and and a moment as a staff person who works directly for the prize the United States and he should have people the trusted values and whose efforts and judgments benefit him and delivering American foreign policy Bolton's deputy Charles Kupperman has been named acting national security
"kupperman" Discussed on The West Wing Weekly
"I don't remember how much I knew before I got the scripts, but I knew it was national security. I think he told me I'd be the deputy NSA had you been watching the west wing. Did you were you familiar with the show? Yes. And I knew some of the actors, but I mean, I was nervous to show up because it was so good. And I mean, everyone I mean, it's like a dream job. I was really scared my first day terrified, but it's such a warm group. Really nice. It was a nice welcome. Yeah. And you did three episodes in season five. Yes. That arc. Did you already know that when season six was going to start you'd be fatter sadder? I was a lot fatter. That would be that you become a regular. I think I knew I was going to be a regular from the start. You. Did you a great? That was in the arm to the cast now. That's nice go. We had a lot of fun. I mean, we. Yeah. I mean, it's the best job. I've ever had. We would sit on set it was pre cell phone. So it's how do you think your current employer's feel about that? We'll get to the kids are alright, but they have a lot to live up to those little kids. We just hung out on sets. No one went back to their trailers. We hung out and made so much noise that often that they'd be acting. They'd be like, please guys. You gotta shut up like they couldn't do their job. So much fun and still like they're like family. I mean that cast is my family still get together. We do we did a fundraiser at your house recently recently. Yeah, we call and everyone comes it's really nice. We like any excuse to get together. Yeah. We love each other. Here's something I read I went to the west wing Wicky, which I guess is like a kind of Wikipedia for west wing. And did I know this deputy national security adviser Kate Harper. Multiple husbands. TV's? We are because you learn things as you go, right? Like you sign up, and you know, the name of your part and then like a weekend. You're like, oh, I didn't know as gay. What? All right. I guess I I wouldn't have played anything. But I mean, you do find like I found out very late in the game that I had a bunch of ex husbands, which doesn't really fit the profile. I knew of her. But maybe it does. I don't know. Well, we haven't gone into that detail. So I feel like it's really wrong to discuss it. But I do like that detail because I think it goes with the. Liking the detail. Just not feeling right about anything. It went. We're just talking about a TV show. Don't get me wrong. I admire I aspire to I don't understand that. I think Kate Harper is like this former super spy, I think the way that she is presented. Yeah. And now she has a desk job. But I think she was probably married to her work, and she was in these really intense combat situations. And I think people who've lived those kinds of intense situations. Maybe they're really good at some things and much like our characters in the west wing that we already know they might not be so good at the personal stuff or maybe she married really bad guys there. Yeah. You never know. That's all I'm saying, you just never know. You never know. Now, you just know you have a well you can dip into it any point in time. Not really fair. Should we jump right in? Sure. I was just gonna say this quick quiz. Anyone one of the rooms anybody know who the current deputy national security adviser is. It was no one until about. Good guests with this administration. Partly a couple days ago. Charles Kupperman Cooperman has been tasked to fill the spot Mira Ricard Al had been pushed out Malania. We know that story. Right. So apparently if someone's finally been tapped spun jumping way had speaking of nothing, the when why the rules really changed for you. Second ago, you didn't feel comfortable discussing your husband's the national medal of the arts is as we mentioned one of the things that's happening in this episode quick quiz to whom has Trump award national medals of the arts, right? The same person who has been a deputy national security adviser. Yeah. And it goes on do, you know, how many medals for the national medal of technology? How many of those have been awarded? And there's also the national medal of humanities..
"kupperman" Discussed on KFI AM 640
"Stephen Kupperman says wisdom teeth removal is typically the first surgery for sixteen to twenty eight year olds who are then given painkillers in the past. I had patients that I'd have to kind of wean off the off the medication because just the nature of the drug itself causes an addiction in most people not everybody Kupperman says once a person starts taking an opioid medication. His or her body will need it. Again. He says he now uses a non narcotic injection similar to novacaine which works over three days. A former drug store security guard has pleaded not guilty in the fatal shooting of a man in Hollywood security say the security guard at the man got into a shoving match in a Walgreens at sunset and vine the guard allegedly shot the man in the neck. As the shopper tried to run away last month, the family of the band who is killed claims. The shooting was not part of a robbery relatives say the shooting had to do with the man being black and gay. The man is said to have been homeless and suffering from mental illness. Andrew mollenbeck, KFI Inglewood's. Mayor says rent was increasing in the city before the new Rams and chargers stadium was announced mayor Dame's, but says if anything all the stadium did was help Inglewood have equivalent rises in Renton property values. We're glad that our people who've been providing housing low cost clean housing EPO. Well, below market value for years. He says he has no intention on punishing them with rent control. Now that the property is worth something. But if companies from the outside come in by up the place and raise rents till people have to move there needs to be thought about mandatory relocation payments and some cap on rent in Inglewood corporate. Carson KFI news. School officials have responded to racism at a middle school in Ventura County nine students. Formed a swastika with their bodies on a field that Mattila junior high school in ohi- just before the school's winter break.
"kupperman" Discussed on KFI AM 640
"Stephen Kupperman says wisdom teeth removal is typically the first surgery for sixteen to twenty five year olds who are then given painkillers in the past. I had patients that I'd have to kind of wean off the off the medication because just the nature of the drug itself causes an addiction in most people not everybody. Kupperman says once a person starts taking an opioid medication. His or her body will need it. Again. He says he now uses a non narcotic injection similar to novacaine which works over three days. A former store security guard has pleaded not guilty in the fatal shooting of a man in Hollywood say the security guard at the man got into a shoving match in a Walgreens at sunset and vine the guard allegedly shot the man in the neck as the shopper tried to run away last month, the family of the band who is killed claims. The shooting was not part of a robbery relatives say the shooting had to do with the man being black and gay. The man is said to have been homeless and suffering from mental illness. Andrew mollenbeck, KFI news, Inglewood's mayor says rent was increasing in the city before the new Rams and chargers stadium was announced mayor James, but says if anything all the stadium did was help Inglewood have equivalent rises in Renton property values. We're glad that our people have been providing housing low cost clean. Housing epo. But well below market value for years. He says he has no intention on punishing them with rent control. Now that the property is worth something. But if companies from the outside come in by up the place and raise rents till people have to move there needs to be thought about mandatory relocation payments and some cap on rent in Inglewood corporate. Carson KFI is when it's time for a study break its delivery robots to the rescue in Stockton, Pepsi. cO has begun testing a new delivery program at the university of the Pacific students can order baked Lay's sun chips or bubbly sparkling water on an app as six-wheeled robot will then race out to meet the student and deliver the snacks at one of more than fifty different spots around campus. Robot maker Robbie technology says the robots go up to six miles an hour drive on their own and stop when someone steps in front of them. There are three robots running around campus now, but as demand grows so will the fleet Amy king KFI news. School officials have responded to racism at a middle school in Ventura County nine students formed a swastika with their bodies on a field that Mattila junior high school in Ohio just before the school's winter break in mid-december school officials sent a letter home to parents and included photos of the incident and described what they discovered was more than one hundred pages of a group chat that chat involved twelve students making racist sexually inappropriate and threatening commentary. They even talked about bringing knives to school police say there's no immediate threat to campus. The school officials called the whole thing reprehensible and have vowed to discipline the students. Monica Rix, KFI news.