Your News Talk America · Show Notes

with Jake Smith · June 17, 2026 · Real News. Real Talk. Real America.

9:00 · Midterm Economy in the Crosshairs

The Federal Reserve meets today and tomorrow, with an interest rate decision due Wednesday at 2pm. It is the first policy meeting of the new Kevin Warsh era after Warsh replaced Jerome Powell as Chair, with Powell staying on as a voting member of the board.

• How heavy federal debt has pushed the Fed to absorb large amounts of government bonds.
• Monetizing the debt as a major factor in this decade's inflation.
• The debt traps the Fed in a dilemma of trading off higher inflation against higher interest rates.
• The only way out, Couchman argues, is for Congress to control spending and borrowing.
• The twelve bills the House passed last week to take on fraudsters in federal programs.
• Fed dynamics now that Warsh holds the gavel and Powell remains a voting member.

Source: Americans for Prosperity · U.S. House Advances Fraud Fighting Measures

Panelist: Kurt Couchman, Senior Fellow in Fiscal Policy, Americans for Prosperity

9:20 · Crude Down, When Do Consumers Feel It

Crude oil has fallen into the $75 range. How soon will consumers feel the benefit at the pump, and how much benefit should they expect?

Panelist: Kurt Couchman, Senior Fellow in Fiscal Policy, Americans for Prosperity

9:35 · Sponsored Client Segment

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9:45 · Oil Prices Crash as Traders Bet the War Is Over

With WTI in the $75 range as these notes were written, how stable is the price?

• US crude oil inventories are down again, losing 52 million barrels in nine weeks. Should we be concerned?
• Under the memorandum of understanding, Iran gets to start selling oil immediately. Where is their market?

Source: OilPrice.com · Oil Prices Crash as Traders Bet the War Is Over

Panelist: Sam Romain, Chairman, Americans for Energy Dominance

9:50 · What Does Mayor David Rubin Make of the Iran MOU

A read on the US and Iran memorandum of understanding from a vantage point inside Israel.

• Iran is demanding that Israel pull its troops from southern Lebanon before it signs on to the deal. Is that likely to happen?
• Is the regime in Tehran using Hezbollah to drive a wedge between the United States and Israel?

Panelist: David Rubin, former mayor of Shiloh, Israel and founder of the Shiloh Israel Children's Fund. From bomb shelters to missile alerts, Mayor Rubin and his family live the relentless pressure facing Israeli civilians while tracking the broader geopolitical stakes of the conflict.

IsraelChildren.org · DavidRubinIsrael.com · ConfrontingRadicals.com

10:00 · FBI Disrupts Plot Against the White House UFC Event

Federal authorities say a plot to attack Sunday's UFC Freedom 250 on the White House South Lawn was unraveled after a worried mother flagged her son's growing obsession with guns, tactical gear and secretive online communications.

• According to court documents reviewed by Fox News Digital, Tycen Proper, a 19 year old Ohio man, came to investigators' attention after his mother grew alarmed and contacted authorities.
• Federal prosecutors allege Proper was part of a group planning an attack on the June 14 event, involving drones carrying explosives, sniper positions and coordinated strikes on attendees and other targets.
• The mother's call may have prevented the attack. Court documents describe her concern over tactical gear purchases and online chats.
• Was this a planned coup, an insurgency, or did it involve international actors?

Source: Fox News · Mother's Concern May Have Prevented Attack on UFC Event at the White House

Panelist: Dr. James Robbins, Dean of the Institute of World Politics and a former Senior Advisor to Defense Secretary Donald Rumsfeld.

10:20 · Biolabs Disclosure, the G7, and a Situation Room Leak

Outgoing Director of National Intelligence Tulsi Gabbard released declassified records that she says document more than 120 US funded biological laboratories across more than 30 countries, including some in Ukraine.

• Gabbard's office released the materials as one of her final acts before stepping down, tied to a Trump executive order to end funding for dangerous research.
• Morgan, your analysis of the G7 so far. Does what we see in front of the cameras differ from the backroom discussions?
• Reports are surfacing that White House aides are alarmed that top secret national security conversations were recorded and leaked to the New York Times.
• Axios quotes an administration source saying they fear some of their most sensitive conversations were being recorded, with no clear sense of which ones. The outlet adds that Trump is furious about the blow by blow accounts.
• Michael Goodwin argues the president has every right to be furious, but he should not stop there.

Source: New York Post · Michael Goodwin on the leaked Situation Room talks

Panelist: Morgan Murphy, national security expert, U.S. Navy captain, former Trump White House official and former Pentagon spokesperson.

Panelist: Adam Finnegan, author of The Sleeper Agent: The Rise of Lyme Disease, Chronic Illness, and the Great Imitator Antigens of Biological Warfare. Author page

10:30 · Drone Warfare Comes Home

An open floor on the disrupted White House plot and what it signals about defending against drones on American soil.

• What is your reaction to the disrupted attack on the UFC event at the White House?
• Was this an attempted coup, and did the plotters have international connections?
• Could the Secret Service have defended the White House against such an operation?
• Has drone warfare arrived in the United States, and how do we defend against it?
• Planning has shifted from buying large amounts of fertilizer to buying inexpensive drones that can fly weapons into protected zones such as the White House.

Format: DIAL producers and callers drive this segment. Submit your question and vote in the Questions panel.

10:50 · The Case Against the Iran Deal

The New York Post editorial board came out against the MOU, arguing the deal gives the Islamic Republic big wins up front and gives America nothing.

• Colonel, do you agree with the Post's assessment of the deal?
• The Iranian people have not moved to take back their country since January. Do you believe they will now?
• What can you tell us about the protests planned in Paris over the weekend?

Source: New York Post · Trump's Iran Deal Gives the Islamic Republic Big Wins Upfront

Panelist: Colonel Wesley Martin, U.S. Army (ret), former senior Antiterrorism and Force Protection Officer for all coalition forces in Iraq during Operation Iraqi Freedom 1 and 2, and former commander of Forward Operating Base Ashraf. colonelwesmartin.com

11:30 · The Plot, the MOU, and What Happens Friday

• Christine, your reaction to the planned attack at the White House. How likely is international involvement?
• Your analysis of the MOU between the United States and Iran.
• Does the deal get signed at the end of the week, or will Hezbollah keep causing problems?

Panelist: Christine Balling, Senior Vice President, Institute of World Politics.

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