Best of the Program | Guest: Bill Essayli | 6/8/26

**SPEAKER_1** (0:00)
Paradey presents Eyes with Allergy and Sting, against The Gardener. And the winner is Paradey Extra-Strong, to relieve the sting of the eyes by allergy, he acts faster and surpasses Clarity and Flowney even at 24 hours. Paradey, go ahead.

**Glenn Beck** (0:18)
With the Meet the Press meltdown with the president. It wasn't a meltdown. I had a meltdown reacting to it. I can't take these dishonest journalists another second. I mean, I'll outline. I don't need to get into it again because I'll blow a gasket. There's no evidence, really, no evidence.
We talked to the guy who is actually in charge of finding all of the evidence, Bill Essayli. He is the first assistant US attorney for the Central District of California. He oversees 500 attorneys, and they are currently, they've handed down some indictments. He thinks they're going to have some convictions. They are currently still looking for evidence. I mean, well, you listen to the interview and you decide for yourself. And also, the economy, we had a bad day on the stock market. That has nothing to do with the economy. That has everything to do with the stock market. A really bad day on Friday, and people said to me, what happened to the stock market? We just lost over a trillion dollars of value. What happened? Oh, this is a monologue you really need to hear because I expose the absolute game that you know is being played, but I'll show you where the bodies are buried all on today's show.
So during the break, for the insiders, Jason Butrill, who the ladies are now starting to call Guns McGee, it was ranting about all of the stats on what the hell is happening in California.
We'll have more on that, and he's gonna continue going through the numbers, if you're a member of the insider. Just join us now at glenbeck.com/torch. You get a whole bunch of information we just can't get to because I've got to cover a whole buttload of stuff as well. And I want to turn now to the economy because people were freaking out on Friday, what is happening to the economy?

**SPEAKER_4** (2:31)
What is happening? The stock market, worst day ever.

**Glenn Beck** (2:35)
Okay, relax, relax. Dow gave up 695 points on Friday, S&P dropped 2.6, Nasdaq, where all the tech and AI money lives, fell 4.2, ugliest day in more than a year. By the closing bell, roughly a trillion dollars just went poof. Okay, alright. Bitcoin went right along with it. Okay, worst week since February. I think it was down like $62,000 for a coin, a Bitcoin.
And people were saying to me, Glenn, wait, hang on, how come this, because didn't we have good numbers? Yes, all of this happened on a good jobs report. Employers, here's the good news, employers added 172,000 jobs in May. That's more than double the 80,000 that the so-called experts forecast, okay? Unemployment, I think, is still at 4.3%, held even. By every plain English measure, Americans are working, things are good. Okay, so why did the market panic on news that you and I would call encouraging more people are working? Sit with me for a second, because I'm about to show you the whole game. For two years, Wall Street has been betting on one thing above all else.
Well, you might say it's AI, but it's not. It's deeper than that. It's the Federal Reserve, about to make money cheap again. And they love cheap money. You cut the interest rates, borrowing becomes easier. Companies look more valuable on paper. The sky-high AI stocks just keep climbing because people will borrow more money in big business, and they'll buy it cheaply, and then they'll buy more stocks, and that just keeps... So the entire rally was leaning on the assumption that money is going to become cheap again. And that was kind of like leaning on... Have you ever leaned on a door where you thought was closed or unlocked and you fell through? It was kind of like that on Friday. Jobs numbers come out, they come hot, and the door swings wide open and everybody falls on the ground because a strong economy with lots of jobs, rising prices, Fed can't cut interest rates, means no cheap money, means, uh-oh, AI better start producing, okay? Inflation hit 3.8% in April. That is the highest in nearly three years. It's all driven by the energy spike from the war in Iran, which we'll get to in a little while. So the rate cuts that Wall Street had penciled in, they're like, we're gonna be able to borrow more money at a 0% interest, we're gonna get so rich. And now Goldman Sachs comes out and says, yeah, I don't think that's gonna happen. So the traders were betting that, you know, they were gonna get cheap money. Now they get a rate hike and they all fall through the door. And the AI trade was already cracking before any of that. Okay, days earlier, Broadcom, one of the companies that, you know, selling picks and shovels for this whole AI gold rush, turned in strong numbers but refused to raise its outlook for the year. That was the first whisper of, what's going on? If all of this spending isn't ramping up as fast as all the hype is promised, what's gonna happen? So to feel the size underneath of this, Google's parent company is out right now trying to raise just a measly $85 billion. We just need to build some additional AI machinery. It's just $85 billion. It's no big, $85 billion. And that expects the stock market to go, oh, you're gonna pay that off perfectly. It's only $85 billion. No big deal. And we're fine with AI. So understand what actually happened here. It wasn't the good news that scared everybody Friday. It was the truth that the Fed is not riding in to rescue the overpriced stocks. And maybe just maybe the AI miracle has a price tag attached to it that somebody should check before buying stock, okay?