3/23/26: Oil Market Chaos, Bibi Claims Al-Aqsa Threatened, Trump Declares Regime Change Victory

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2:23All right. Well, Mark, it's absolutely wild this morning. Let's go ahead and start with this one. Put it up there on the screen. Exactly 12 hours, President Trump has now intervened after a warning that was issued about potential market fallout that would have happened without a Trump taco. Yesterday, they posted that oil prices were no longer the biggest threat to the markets. Increasingly clear that bond markets would dictate how President Trump can continue increased pressure in the Iran war. As of 4.30 a.m. ET this morning, the bond market was, quote, now more broken than the energy market situation.

2:55The 10-year note yield had hit 4.45%. President Trump had the same conversation as he did April 9th, 2025, when he had paused tariffs for 90 days. Remember all the whole bond market conversation that we had last year? Three hours later, he postpones all strikes on Iranian power plants. 30 minutes later, Iran denies. The 10-year yield briefly collapsed before rebounding back to 4.38%. Now a clear attempt by the U.S. to contain a brewing bond market crisis, which obviously affects all of the debt. It affects mortgage rates, has huge impact on everything. The bond crisis and reaction that happened after the Liberation Day War, that clearly had a major impact on his thinking.

3:38Go to the next one, please. We can put this one up there on the screen as we see now. As seen in April 2025, this is what his prediction was as of the early, very early this morning, that President Trump would have to intervene very, very soon. Could explain the taco. Don't forget that there are also all of these crazy things happening with the oil markets. So again, as of this morning, there was a large plunge. We remain around 9 % down for Brent crude oil futures from the high that they opened on last night. However, at one point they were down like 14 % and they erased like half of that because of the Iranian denial that negotiations were happening.

4:20So something to keep an eye on. I mean, it's still at nearly$100 a barrel. Like, let's not pretend. Yeah, 90 bucks a barrel is not a great place to be in. Yeah, we're about 90 for West Texas. So that's still, I mean, if this lasts a couple of days, you will likely see a reduction. I think that's the analysis I saw in gas. You will probably see it return to like$350, something like that. Depends on how the individual operators are. I'm talking about the national price average. Don't know about the individual states. But clearly this was bubbling up at the population level, as it should. People are furious.

4:54Good example of that was the U.N. ambassador, Mike Waltz, took to a CNN town hall. And a younger voter confronted him over gas prices. Let's take a listen. I'm a waiter at a local restaurant in Queens, a full-time college student who sleeps an average of four hours a night and is still thousands in debt. How is a war in a country half the world away, funded by the taxes pulled from my check, helping me in any way? Yeah, it's, look, it's a valid and it's a tough question. I know for certain, and if we just look at the things the president has put in place in terms of housing and big corporations that are buying up whole neighborhoods, the tax cuts that he extended with the big, beautiful bill, the energy policies that we're putting in place to not only make us self-sufficient, but to, you know, lessen these dependencies and lower prices, even lowering prescription drug prices.

5:55the president's absolutely focused on what you're seeing day in and day out that's affecting your pocketbook. At the same time, as commander in chief, he has to weigh the risks and make the tough decisions, facing some hard truths. We cannot have a world with a genocidal terroristic regime that holds not only your generation, but the next generation hostage with nuclear weapons. And, you know, those are the tough calls that the American people elected him to make. And I can tell you, having worked very closely with him, he doesn't back off his red lines and he doesn't enter us into bad deals. But those are tough decisions, no doubt.

6:41And I know they're top of mind for the entire administration. Yeah. How do we all feel having listening to that? How's that waiter feel? How's that guy feel? The guy who's thousands of dollars in debt and now getting crushed. He's like, how exactly does this affect my life? That's a great question, man. And that's why I always love the town halls. People have a real way of just getting right down to it. Yeah. And yeah, you know, everyone, every American should be asking that question right now of this administration and specifically of the Iran war. You could not care. You could check out. You're still going to have to pay more at the gas price, which Joe Biden found out the hard way during the Ukraine war.

7:16And not only him, by the way. I mean, when inflation spiked around the world, basically, it was like a total global sweepstrap of almost every incumbent. I mean, it was a massive global referendum on that inflation. And that all started with gas prices. I'm thinking about that gentleman in particular. He's talking about he's a waiter, right? So probably tips are a significant part of his income. This is somebody who would have seen a benefit from the no tax on tips provisions, very likely, that President Trump signed into law. There are some other tax provisions they were really counting on that would be like, oh, this is going to be our sales pitch for the mid-sharders.

7:52People are going to get more money back from the government when they file their taxes. Obviously, that's going on right now. You know, my parents are getting like a senior credit that I'm sure Sagar was really excited about having been put into the tax code. But now that money, that's going right back out the door and into your gas tank. And that's just the beginning. Because, of course, you know, with our economy structured the way it is, that fuels inflation across the board. And, you know, I hope that gas prices come down a little bit this week. But the other dynamic that we experienced during the Ukraine war and COVID inflationary spikes is that they're very quick to raise the prices.

8:29Takes a little bit longer to bring them back down. They like to hold them high as long as they can get away with it. So I have no doubt we'll see that dynamic here play on as well. Yeah, exactly. Yeah. Remember, diesel came down. Did anybody's grocery price come down? Because I haven't seen it. All right. Let's go to I know people like my McDonald's updates. My wife wanted McDonald's. I went to McDonald's yesterday. Medium fries,$4.50? $4.50. That's crazy. What should that cost you? To me, 99 cents. I'll give it$2. Maybe it's been the 90s. I don't know. I'll give it$2. Again, I don't eat McDonald's, so it's one of those things where this is literally my only, and yes, I did use the app for all the people who got mad at me for not using the app.

9:08$4.50. $4.50 for a medium fry. What the hell is going on? Listen, I have the luxury of being able to take a principled stand against the app, but I am against the app because they will attract you, they will hunt you down and demand you go and eat a sausage biscuit or something. I use it one time. I don't need that kind of temptation in my life. And now all of a sudden it's just like, hey, you want a free sausage? You want a free this? You want a free that? Well, is it really free? It's not free if you're paying$4.50 for a medium fry. I can post a receipt if anybody doesn't believe me. But to that point, let's go ahead and put C7 up here on the screen.

9:41inflation coming to a gas station and or a grocery store near you. $5 diesel already crushing truckers will soon be felt across the economy. It's a heartbreaking story. These poor guys. I mean, these guys, they're like barely floating on the margins. And they're talking about this 40 % increase month over month in the price of diesel. If they say that they have to take lesser loads, that they have to drive in weird ways to avoid hills, that if they have a single blowout that they're in, if they have an engine problem, their entire business is done. This is like the backbone. This is the, what is it?

10:17The one, I think it's the one profession left in the U.S. where you can reliably not have a college education, make like six figures, actually control your own destiny, especially if you're an independent contractor. If you save up enough to have your own rig and you can take jobs, you know, as you please, you have a little bit of work-life balance, even though it kind of sucks obviously to drive as much as they have to do, but they make a modest amount of money and they can generally survive. So, of course, that's also, as I understand it, the most MAGA six-figure profession in the United States.

10:46So, yeah, literally screwing your own voters. It's not just about who they vote for. I mean, it's a tough, it's an incredibly tough job. And it's the last bastion of some agency without, you know, signing up for a life in front of a computer. So I really, I really feel for these guys. 40 % increase month over month. I mean, how many business, we run a business. If our costs weren't up 40%, yeah, I mean, we'd survive, but I'd be like, you start to make a lot of decisions, right? There's a lot of stuff that's going to start getting cut and especially planning for the future. So I really do feel for these truck drivers.

11:18And this gets passed on to consumers. And they talk about this in this article about they interviewed this guy, Miguel Coveda. He says he spent$1 ,800 in diesel fuel during a one week on the road. And that was a 40 % increase from what he normally does. And he recognizes, he's like, yeah, I know, this is going to get passed on ultimately to consumers who are going to pay more for everything that I'm hauling because, you know, that's the way it works. It's not like the companies that are more profitable in the middlemen here are going to take the hit. No, they're going to push it down to the truckers who are in less of a position of power and they're going to push it on to consumers.

11:55That's what's going to happen. People are going to get squeezed. Yeah, exactly. And keeping here with a little bit of this, we can show you guys some of the stuff. So, for example, C6, this is where we're at now currently. This is the nationwide gas price as of this morning. This was about$3.95 a gallon is the nationwide average. It'll probably hit four before coming down in a couple days if the downturn continues. Obviously, who knows with the whole Trump taco Israel situation. But I mean, in California, it's$5.70 a gallon. That's madness. And our producer Griffin tells us in Los Angeles, it's easily$6 a gallon.

12:29San Diego, a few other places in the state of California. So I really do feel for all those people. And what is the White House telling us? What are the conservative media, Fox News, and others saying? It's short-term pain for a long-term gain. C5, let's take a listen. This is a short-term disruption for the long-term gain. Short-term pain for the long-term gain. Short-term pain be for long-term gain. We're going to have some short-term pain with long-term gain. Short-term pain for a long-term gain. Some short-term pain, yes, but we've got some long-term gain. Short-term spike for a long-term gain.

13:03Some short-term pain for American consumers. We may have to deal with that in the short term. Short-term and temporary. Temporary short-term pain. It's going to suck in the short term. Some short-term pain. Short-term pain. We have to focus on the short term. Memo went out. The memo's out. That's the Fox News line. The boomers are like, yeah, you're right, for short-term. They're just, you know, sitting on their stock portfolios and their, yeah, their new Social Security checks. They're like, oh, you know, if it costs more to drive to the casino to piss away my social security stack, so be it.

13:34That's the long-term gain. Have you seen that meme, too? It's like the year is 2030. The boomers will tell us you were right about the Iran war and the Iraq war. But this time, Turkey is an existential threat to the United States. It's coming. They'll learn nothing. They'll learn absolutely nothing. No, that's absolutely right. There's one last piece here that I just want to flag to the eight because I thought this was interesting, this kind of, like, time limit of the short-term pain, I guess. They're saying that these Wall Street analysts and these corporate executives basically feel like there's like a two week time limit here.

14:06The economy has a straight of four moves deadline for Trump two weeks where, you know, I mean, already oil prices have been pretty high, you know, up to one hundred dollars and beyond. Right now they're down back down at about ninety dollars a bearish. Still not great. But in any case, you know, even Trump expressed surprise at like, oh, how come I thought it would actually be a little bit worse than this. there are some indications they may be directly intervening in the economy to keep the oil prices from completely spiking out of control. But you can see this is a concern. That's the whole reason for the taco right before the markets open this morning, etc.

14:38But in any case, this is kind of the sense on Wall Street is like, all right, we'll give them about two more weeks. If you can't get the Strait of Hormuz open, that's kind of when we're going to lose hope that a taco, an achievable taco is truly on the horizon. So, you know, according to this article, at least that's kind of how the clock is ticking right now. We'll see. All right, let's get to BB. IVM is built for losing weight and moving forward. IVM is built for feeling your best and seeing results. IVM is a medical weight loss program built for you. Their approach is individualized, virtual, integrative medicine.

15:1099.2 % of patients who completed the IVM weight loss protocol achieved meaningful change, dropping an average of 45 pounds. IVM, built for your wellness journey. IVM, built for real life. When you sign up right now, you can get a one-month free trial. Start your personalized plan in minutes by visiting iveamhealth.com. That's I-V-I-M health dot com. Subscription required medication labs and supplements not included. Results based on patients who completed the full iVeam protocol over 68 weeks. Individual results vary. Not all patients are eligible. Prescription medications may carry risks and should be used only as directed by your provider.

15:57When it comes to advancing your education, you have more options than you think. At Rasmussen University, they find ways to remove barriers, not build them, like a new laptop if you're eligible and enroll in select online or on-campus programs. That also means flexible and engaging online courses and resources, tuition savings options if you qualify, exceptional student support, and much more. Online nationally or check out their 20 campuses across six states. Start when you're ready and get the support you need. Visit rasmussen.edu. Hi, I'm Angie Hicks, co-founder of Angie. And one thing I've learned is that you buy a house, but you make it a home.

16:37Because with every fix, update, and renovation, it becomes a little more your own. So you need all your jobs done well. For nearly 30 years, Angie has helped millions of homeowners hire skilled pros for the projects that matter. From plumbing to electrical, roof repair to deck upgrades. So leave it to the pros who will get your jobs done well. Angie, the one you trust to find the ones you trust. Find a pro for your project at Angie.com. Last thing that we alluded to a little bit earlier before we get to Andrew Wilkerson is specifically about Israel and these alleged strikes that are currently happening.

17:11where they are claiming that Iran is trying to damage the holy sites in Jerusalem. The problem, of course, with that is if something were to happen, whether it's false flag or a real attack, who knows from some sort of falling debris is it could trigger a literal religious war on top of the disaster that we're already in. So let's play some of this footage that was coming out of Israel where you could actually see these Iranian ballistic missile fragments, according to the Israelis, that struck near the old city of Jerusalem. they're saying that it fell roughly 400 yards from the Western Wall and the Al-Aqsa Mosque.

17:48The reason why this is important is that the Prime Minister Netanyahu immediately began using these strikes as evidence of a holy war, of being targeting and why other nations need to be brought into it. Let's take a listen from the Prime Minister what he had to say. If anyone needed an explanation of why Iran is the enemy of civilization and the enemy and the danger to the entire world, you got it in the last 48 hours. In the last 48 hours, they fired a terror weapon on civilians, on children. There's a children's nursery here. There's an old man, old person's home here. Civilians, families, they fire terror weapons on civilians, and often they use cluster bombs, which are forbidden by international law.

18:42The second thing that they did is that they fired on Jerusalem right next to the holy places. They sent ballistic missiles that could have destroyed the Church of the Holy Sepulchre, the Al-Aqsa Mosque, and the Western Wall. The three holiest sites to the three monotheistic religions, they don't care. They're firing on everyone. The third thing they did is they fired an intercontinental ballistic missile's 4 ,000 kilometers right into Diego Garcia, the American-British base. They can reach now with these ballistic missiles everywhere in Europe, almost everywhere in Europe. So he talks there about, remember, that's where we spent time with Diego Garcia.

19:20A lot of propaganda pieces there. Right to here, Diego Garcia mentioned there at the end, the Al-Aqsa and the holy sites of Jerusalem. They're talking about that. Could be a potential for, you know, some sort of precipitating event for a complete takeover or destruction of the mosque. Also, the cluster, spare me, cluster munitions and targeting civilians. You know, the Israelis would never use cluster munitions, right? Except like multiple confirmed times over Lebanon. Yeah. I happen to remember. They're not even part of the, neither Iran or Israel signed the, you know, the treaty banning use of cluster munitions.

19:51But anything from this man talking about, oh my God, civilian. Like, you opened this box. Like, you have no room to talk. Like, yes, you're right. Iran is committing war crimes. You assassinated their head of state in the opening salvos, and the Americans bombed schoolgirls and murdered them, you know, murdered 168 of them. So you're gonna lecture the world about civilian life. Okay, yeah, sure. Most moral army in the world, yeah. And do not forget this video, which had been flagged by Tucker Carlson and many others of a rabbi from 2024 saying, hey, if we need to, we could pretend that there was an attack on Al-Aqsa and then use it as an excuse to rebuild their temple.

20:35Let's take a listen. It's all moved by Hashem to this location, to that location. We don't know. Maybe one of the missiles will hit the mosque and clear the place for the third Bet-Amiqdash. That could also be a miracle.

20:54If it was up to me, the last time when they shot hundreds of missiles, I would pretend that one missile came from Iran and shoot it down. You know? Then all the Arabs would go against Iran and it would be the end of the problems. You make them fight with each other, this bunch of lunatics. Never too late. You deal with a bunch of cowards. The Israeli leaders, they just want to pass the week. So there you go. That's a very controversial rabbi, Mizrachi, who was very upset, by the way, at Tucker Carlson for playing that video. For playing him his own words. For, you know, for absolutely exposing some of the things that he said in the past.

21:39I mean, look, I absolutely stand by anyone's right to play some of the thinking that comes out of the region, because I've said it many times after October 7th, if you listen to the most hysterical lefty, or if you listen to the totally psycho settlers about what their goals were and, you know, the lefties were saying like, here's what Israel is going to do. You would have been much more accurate in understanding where things were ultimately headed. I mean, at the time, when you talked about the greater Israel project, you were considered a complete and total nut job. Now you look at Syria, you look at Lebanon, you look at the West Bank, you look at Gaza, you look at the whole region, right?

22:13And you've got our own ambassador being asked again by Tucker Carlson, hey, you know, the Bible says that this is the area that Israel is supposed to make up. Are you cool if they take that area, which encompasses, you know, parts or the whole of multiple countries in the region? He's like, yes, they do that. That's fine. That is official state of government policy coming from our ambassador, which was never disputed by the president or anyone else in the administration. By the way, that'd be a good question, actually, to ask somebody in the administration whether they stand by that. But do you put this past the Israelis?

22:44You think they wouldn't do something like this? If they thought it would benefit them, they absolutely would. And again, you have to think of not only do you have, you know, fanatical, religious fanatics who are in control of the government and deeply influential in terms of this government coalition, in terms of that society at large. You have Netanyahu, again, as this old man who wants to have his legacy and his imprint on the world. And you have this connection between the eschatology of, you know, the Jewish, the like Jewish extremists with the American evangelicals that converge in the site of Al-Aqsa Mosque and what they would, you know, rebuild there as a third temple.

23:22So, you know, you've got the war justification of this, you know, racist rabbi saying like, oh, these Arabs, they're maniacs. They're crazy. They'll all fight each other. So you've got that idea of let's turn all these people against each other and they'll all fight each other and we won't have to deal with them. You see that in some of the war strategy, right? We actually know one of the attacks on Bahrain that was purported to have come from Iran, actually now we know it was a tomahawk. That was a U.S. missile that actually did the damage there in Bahrain. We've had other indications that the Americans and the Israelis are actually responsible for some of the attacks that they are blaming on Iran.

24:03Why? Because they want to draw the entire region in. They want to make it so that those Arab Gulf states, that they also fully join the fight without hesitation. The Diego Garcia strike, if that was a false flag, which I think is possible, I'm not saying it is, I'm saying it's possible, what's the goal of that? To draw Europe in. So this is the way that they think and it's the way that they operate. Right. And Bibi in those comments about how, oh, Jesus Christ would lose to Genghis Khan. What he's asserting there is we can do because we are inherently the good guys inherently, not because of our actions, just inherently this like supremacist view.

24:42We can do anything and it's still good because we're trying to prevail over them and they are inherently evil. That's his view of the world. Like that is what he laid out. That is what he meant by those comments. Yeah, this was, I mean, that quote was so wild. What was Emily's take, actually? I'm curious. You know, Emily's very measured. She just explained, like, well, it comes from this book, and here's a view. I was a little familiar with it, but I was like, here's the thing. He clearly was not quoting it in a way like maybe I would analytically. He was doing it in, like, a praiseworthy manner, and he was, like, trying to, I think.