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00:11welcome to the myers report fast 15 it is saturday this time july 18th 2026 today as usual we have
00:21our weather guy don day who did tell us that we would cook this week uh but all that is
00:29just
00:29a normal summer in case anybody was wondering we have don bob janetsky our chief economist
00:37and as a special guest we also have barry chapman who is an expert on government's risk
00:44risk procedures and risk avoidance and elections um don so what is happening this week with canadian
00:54smoke it seems like we're seeing it everywhere and we can smell it even yeah a lot of the upper
01:01midwest the great lakes northeastern united states under a lot of canadian smoke last couple years
01:06the wildfires have been more west into british columbia and alberta but they've shifted east
01:14this summer you know part of it's due to this big dome of hot high pressure that has moved in
01:19i think while we're still going to be experiencing smoke i think the worst of it is probably over
01:26as rain will come into central and eastern canada here in the in the days in the next couple of
01:32weeks
01:32that'll shift the wind patterns around a little bit but this will be kind of an off and on thing
01:37i think through the rest of this month and into early august are the canadian fires um similar of the
01:44cause of the canadian fire similar to what we're seeing in california where basically through through
01:49stupidity in terms of deforest in terms of forest management well i am of the opinion that a lot of
01:57our wildfires in north america over the last 20 years a fair amount of them have been arson um now
02:04i i
02:04have very little intel and very little information from the recent spat of canadian fires however
02:13canada as we know very wild very large forest uh canada's population is mainly centered far away
02:23from these areas however when you have a lot of fires get started in these wilderness areas
02:29these wide expanses when there isn't lightning uh it's either human cause on purpose or by negligence
02:37i mean 87 percent of wildfires in the united states are human caused you know and i would suspect that
02:45that's similar in canada 87 that's ghastly okay and now we are seeing flooding in the western u.s
02:56how's california managing its water shortage well california actually california reservoirs
03:03are in really good shape um and they've had a cool summer you haven't heard about a heat wave in
03:07california have you california california's had a cool summer their reservoir storage isn't bad and
03:15they're about ready to have a very wet winter um where we've seen flooding is in texas around san
03:22antonio hill country there they've had a lot of very heavy rain and we've seen a lot of flash flooding
03:27in arizona utah parts of western colorado all those areas i just mentioned needed the rain
03:33uh getting a little bit too much at once but that is not unusual in the middle of july at
03:38all
03:38as subtropical moisture moves into that part of the world well texas has been known to have
03:44flash floods anyway it's the nature of the topography isn't it yeah my friends in texas say
03:49they have a hundred year flood every three years
03:54what what's happening with pacific hurricanes even if our own media doesn't pay attention to it
03:59yeah we need to pay attention to the pacific uh hurricane season because it's it's going to be
04:04a rip snorter uh we've got a hurricane off the coast of mexico right now it should stay out in
04:10the open
04:10waters but there will be in the weeks and the next couple of months maybe the next three months a
04:17lot
04:17hurricane activity in the pacific while we'll have very little in the atlantic um and this is kind of
04:24a back and forth that we sometimes see so as we progress through hurricane season we'll probably
04:31have one or two that could affect mexico central america and parts of the west coast with the residual
04:37from hurricane activity okay is there a difference what's the difference between a hurricane and a
04:42typhoon is there a difference there is no difference it's just how they named them just
04:47to make things confusing but they're the same okay dr bob yes how are the stock markets doing this
04:55week it's good to see well you know erratic but very close to all-time highs if we look at
05:02say the s&p 500 which is a benchmark for the market i mean that's only one percent off its
05:09all-time high
05:10so but basically the markets are doing very well they seem to suggest that the collective wisdom of
05:18all investors uh believe that we're going to still have a very positive end to all the hostilities that
05:25we see in iran uh what about the impact of uh higher oil prices that we've seen in the past
05:31few days
05:32well that's right back up there this morning uh we're still somewhere in the vicinity of 80 85 dollars
05:39and bouncing around so we've got higher oil prices we have high inflation in the u.s and as a
05:45result of
05:46that we have declining living standards uh it's simply the way the game is played you don't go to war
05:52without having some negative impacts and we're getting our negative impacts too hopefully it'll be
05:58temporary we believe that the market believes that but uh they're still here well oil at 80 or 85 is
06:07still
06:07way down from 112 where it was how do you see way up from 60 dollars can't argue that uh
06:16how how was
06:17inflation looking for the rest of the year from your perspective well our expectation my expectation is
06:24that it's going to continue to come down but that depends on a solution in the middle east and
06:30fortunately uh the stock market implies that there is going to be a solution if there weren't the market
06:36would be i think down a lot more than it has been uh and do you think that the new
06:42fed chairman kevin
06:44warsch is going to uh have the fed raise rates or hold them well so far it appears that we're
06:53getting
06:53enough money in the system now that wasn't the case a couple of months ago when we looked at it
06:58we had
06:59only a very very modest growth in the money supply uh in the most recent month the uh n2 one
07:07of the
07:07measures of money is up at a seven percent annual rate over the past year uh that's a pretty hefty
07:13increase and so what i think is that we're seeing some of the slowdown in the economy from a previously
07:19slow monetary policy now that we're seeing a pickup in monetary policy my expectation is we're going
07:26to see a stronger second half to this year okay barry chapman we all saw the president speak the other
07:35night what were your thoughts on it well from what i observed um the president presented significant
07:45evidence of um election interference based on documents provided by the intelligence and department of
07:55justice communities and um you know the based on these documents and some other research conducted
08:04it appears that um there's been a failure to maintain the voter rolls in certain states
08:14and that that failure has along with the lack of identification has led to uh in four states i think
08:24over a quarter million citizens of other countries on the rolls uh to to the point where they could
08:31actually go in and vote and i think some of them have actually voted um also um there was some
08:41evidence of
08:42tampering uh with election computer systems uh with the knowledge of all the people on the voter rolls by
08:52foreign nations and the fact that that could be used to uh impact elections either from a standpoint of um
09:03um making changes in the rolls or voting for for people that usually don't vote or uh using the um
09:13information to uh psychologically through media uh you know influence elections uh by targeting different
09:24groups of people um so the one of the biggest issues that i saw is that the evidence
09:33had been withheld from the office of the president and other agencies
09:41by people in the government and besides being against the law isn't that really kind of treasonous
09:49yes it can be defined as a as uh treasonous as as well as violating a lot of different federal
09:58laws and
09:59regulations and insubordination and there are things like that uh so the what
10:08you know what what do you do to mitigate this well the first thing you want to do is make
10:15sure the
10:15roles are maintained by the states there's a great variability in how the states and even counties within the
10:22state maintain the voter rolls um in in terms of making sure you have identification of the people
10:31registering that you vet those people uh and that you have periodic assessments of the voter rolls and
10:38those are part of the u.s election system processes as defined by the national institute of standards and
10:45technology also it appears that the president is willing to enforce penalties both federal and state
10:54penalties against bad actors that would seek to influence the vote by using the
11:04people in the in the in the voter rolls that are ineligible to vote because they're not a u.s
11:12citizen or
11:12they're dead or they've moved uh and synthetic voters right and and to uh hold state officials uh liable
11:25for not maintaining the roles and allowing that to happen uh the other issue was with with the computer
11:33vulnerabilities um most of the states do not uh have election systems under compute under the ci
11:42office office it's under the secretary of state and so they're not following minimum federal standards
11:50such as fibs 200 and so that not only the computer systems but the networks are insecure just about
11:58all the systems either are connected or have the ability to be connected to the internet
12:04so we're going to be we're going to be setting up a program this wednesday we're sending out the
12:10notice is today we're going to review what happened and what where the where this thing could go for us
12:17yes the other the other two last two things are just the mail-in ballots there's no chain of custody
12:24in the voter id there's a variation in voter id requirements between states and among the states
12:31that have voter id uh there's been no evidence that it would cause voter suppression and things like that
12:40don day what was your take on the president's uh speaks the other night out in wyoming how are people
12:47taken to it well you know it's a very important topic out here um especially since a very small
12:53state very small state is influenced by what happens when in elections by who gets elected in the bigger
13:00states um and so um i was really happy to hear it uh i wish it would have gotten more
13:08uh media
13:09attention um and i'm hoping that the flow of information will continue
13:16dr bob kenetsky in michigan what was your take yeah i'm i'm a little concerned about whether or not they're
13:24going to pursue
13:25the uh incidences where the states are not cooperating i think you have to have some sort
13:32of enforcement because otherwise states are simply going to claim that they have full authority over
13:38the elections and that they're just not going to do the reforms in the states that are needed such as
13:45california michigan so long as the democrats are in control of the process i think if the only thing that's
13:53going to move them would be charges against people who have violated these actions in the past and i'm
13:59not sure that he's going to do that i hope he does well from my perspective uh there were some
14:06people
14:07that we that basically that were expecting names to be named by the president and expecting more
14:14indictments or indictments in general uh i would offer a possibility to think about one is that the
14:22president did not name names because the moment he does then it's donald trump versus the people who are named
14:30however if he lets the different agencies name the names and come out with the indictments and
14:37have people be able to figure out who the bad actors are by reading the documents that have been released
14:42then it's now those people against the system and against the agencies not against the president
14:49and the other thing is uh something i saw in coming back from uh north carolina in kentucky
14:57i ran across uh a couple and they weren't particularly trump fans at all but uh they were absolutely adamant
15:09that it was necessary that we have voter id and that we restrict
15:15our voting to citizens only so it strikes me that um if you're somebody running for congress in the
15:22midterms as everybody all the congressmen are you're going to be in a tough position coming out against
15:29these ideas that are that are supported by 80 percent of the u.s population does this makes barry does
15:37this
15:37make sense uh yes it does um it's it's hard to go against 80 to 82 percent of the population
15:46when you
15:48purport to represent those people but they can do it if the issue is that they're going against trump
15:56but it makes it much more difficult if trump is not on the line of fire no unfortunately pun intended
16:07are there any other comments about this don um you know i i agree with bob i mean you gotta
16:14you gotta
16:15back it up and and cause some pain um i i just remain skeptical that this is the number one
16:21thing that
16:22that people put on the top of their list as issues um so i think you you'll continue to get
16:27people who
16:28elected who will continue to resist this until it until it gets to the point that it's worse than it
16:34is now
16:34i'm afraid i'm just skeptical okay uh thank you everybody be well stay safe have a good weekend and god
16:45bless america
17:04you
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