The Tom Sullivan Show
Syndicated radio host - former anchor Fox Business - former Director of Investments for a major Wall Street firm. Topics include finance, news and commentary.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.
10
Trump Bans CNN, Politico and MSNOW From the White House — Effective Immediately, First Amendment Fight Coming. Is Timing About Sagging Poll
Trump announced Friday he's banning CNN, MS NOW, and Politico from the White House "effective immediately" over what he calls fake news, warning more outlets could follow. Presidents have always complained about the media and vice versa, but this is different, and it's already headed to court — Schumer compared it to what dictators do, and even the White House isn't clear on whether journalists were actually removed from the grounds. Convenient timing, given both outlets have been reporting on his underwater poll numbers right as midterm voting begins. Meanwhile diesel hit a record $6.45 a gallon and keeps climbing, adding more fu...
Strong Opinions, Zero Understanding — Why Are People (and Congress) So Confidently For or Against AI When They Can't Explain What It Actuall
People — including members of Congress actively writing AI regulation — are expressing incredibly confident opinions for or against AI without actually understanding what it is or how it works. That's a real problem when these are the people who might end up writing the rules. We call it out directly today. Meanwhile, Trump said it again — we're close to ending the war with Iran and they really want a deal. He's said versions of this for eight months now. At some point you have to invoke the boy who cried wolf. We ask whether there's any credibility left in these statements. And ga...
The Fed Raised Rates Today — First Hike in Three Years, Defying Trump's Wishes, With Another Likely in December. Is This the Start of a Long
The Fed raised interest rates today for the first time since 2023 — a unanimous quarter-point hike to 3.75-4%, directly against Trump's public demands for cuts. Fed Chair Kevin Warsh, who Trump himself appointed just months ago, said plainly that inflation is the problem, and the Fed doesn't expect it back to target until after 2028. Iran war-driven oil prices and record $6 diesel are the main culprits. Markets already expect another hike in December. We ask — is this the start of a real multi-meeting hiking cycle? Then the AI debate rages on — will it save us or end us? I'm firmly in the camp t...
"Supreme Court Deals Trump 7-2 Defeat on Mail-In Ballots Ahead of Midterms + Kash Patel Grilled in Bizarre FBI Hearing"
The Supreme Court just handed President Trump a 7-2 defeat, ruling that his executive order did NOT give the USPS enough time to implement new mail-in ballot rules before the 2026 midterm elections. We break down the ruling, Justice Kavanaugh's key concurrence on the compressed timeline, the Thomas-Alito dissent, and why Trump says this legal fight is far from over. Plus: FBI Director Kash Patel faced an awkward and heated Senate Judiciary Committee showdown with Senator John Kennedy over the bureau's decision to loosen hiring standards tied to bestiality — a moment that quickly became one of the strangest exchanges of this ye...
Is AI Panic Just Chinese Propaganda? Should Congress Really Write AI's Rules? Meanwhile Houthis Just Seized the Red Sea and Shut Down a Saud
Most Americans say they're anxious about AI — but is some of that anxiety being fed by Chinese messaging designed to slow us down in the AI race? Same question for data center backlash. And do you actually want Congress writing the technical rules for AI companies? We dig into all of it. Meanwhile gas and diesel keep climbing and here's why — Houthi rebels just seized Yemen's entire Red Sea coastline and a critical Saudi pipeline just got knocked offline for weeks, cutting off one of Saudi Arabia's last safe export routes. Brent crude is now over $107 a barrel. And President Trum...
Never Forget — 25 Years Later, We Remember 9/11 in the Words of Those Who Lived It
Twenty-five years ago today, everything changed. Those of us who were adults that morning will never forget — but a new generation is growing up knowing 9/11 only as history, not memory. Today we set the news aside and share firsthand stories from survivors, first responders, and families who lived through that day, so the memory of what we lost — and who we lost — stays alive for the people who weren't there to see it themselves.<br /><br />Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.<br /><br />Remember to call with your money and investing questions 855-295-6...
The "Trump Dividend" Promise — $5,000 If Republicans Win Both Chambers, But Does He Actually Have That Power? It's a $1.3 Trillion Bill Cong
Trump promised a $5,000 "Trump Dividend" to every adult American if Republicans hold both the House and Senate in November — but here's the problem. The President has no unilateral authority to issue this; Congress would have to pass a roughly $1.3 trillion bill, on top of $40 trillion in existing national debt. Vance already started walking it back within hours. And dumping that much money into the economy right now would almost certainly be wildly inflationary — just like it was under Biden's big spending, which helped push inflation to 9 percent. Speaking of inflation, PPI jumped 5.4 percent last month, driven largely by oil prices tied...
Football vs. Politics — Who Wins Tonight, the NFL Season Opener or the GOP Midterm Convention? Trump Says Iran War Ends "Shortly After" the
Someone scheduled the GOP's first-ever midterm convention the same night as the NFL season opener — Seahawks vs. Patriots, a Super Bowl rematch on NBC. Vance's keynote goes head to head with kickoff. Bad planning or just bad luck? Trump said today the Iran war will end shortly after the midterms — a specific promise after six months of "almost over." Same day, oil spiked hard — Brent crude hit $101 after U.S. forces struck five Iranian tankers. And Treasury Secretary Bessent tripled a bond buyback to $6 billion specifically to push interest rates down. It backfired completely — yields hit their highest level since 2023, and even...
25 Years Later — 9/11 Remembrance Overshadowed by a Real Controversy: Should Mamdani Attend Ground Zero Friday? Nearly 100,000 Sign Petition
This Friday is the 25th anniversary of September 11th, and there's a real controversy in New York this year. Mayor Mamdani says he'll attend the Ground Zero ceremony despite nearly 100,000 people signing a petition asking him to stay away, retired Port Authority officers directly asking him not to come, and pushback from George Pataki and Rudy Giuliani — all centered on his appointment of a lawyer with a controversial past client and his own history with a Brooklyn imam named in the 1993 WTC bombing case. We walk through both sides fairly, but more than anything we want to take today to ho...
Trump Threatens to Halt Trade With Every Deficit Nation Unless the Fed Cuts Rates — A Wharton Professor Calls It Crazy. August Jobs Beat Est
Trump posted "LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT," floating a total trade embargo with Canada, Mexico, and others as leverage against the Fed. A Wharton professor called the idea crazy, and Fed Chair Kevin Warsh just told Jackson Hole the Fed still has work to do on inflation, not room to cut. We explain why publicly attacking an independent Fed usually backfires. The August jobs report beat expectations at 162,000 added — good news, but after a year of downward revisions, don't get too attached to that number yet. And Mayor Mamdani just ba...
