President Trump is requesting $200 billion to continue military operations in the Iran war, and Mark breaks down why the president needs the funding immediately. In other news, the Japanese Prime Minister spoke with President Trump yesterday, and a Pearl Harbor joke he made during the conversation caused widespread shock. CBS News is cutting 6% of its staff as top editor Bari Weiss vows to overhaul the network’s news division.
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Mark interviews John Carney of Breitbart News. They discuss when the Strait of Hormuz will reopen to oil tanker traffic. The prolonged closure has kept oil prices elevated, driving up gas prices and threatening to slow the broader economy. John also explains why gas prices in California and New York tend not to fall even when oil prices drop. Additionally, the conversation touches on whether Fed Chair Jerome Powell will remain at the helm of the Federal Reserve.