FULL SHOW: Cuts at CBS News; Happy Birthday, Barron!

President Trump is requesting $200 billion to continue military operations in the Iran war, and Mark breaks down why the president needs the funding immediately. In other news, the Japanese Prime Minister spoke with President Trump yesterday, and a Pearl Harbor joke he made during the conversation caused widespread shock. CBS News is cutting 6% of its staff as top editor Bari Weiss vows to overhaul the network’s news division. Mark interviews John Carney of Breitbart News. They discuss when the Strait of Hormuz will reopen to oil tanker traffic. The prolonged closure has kept oil prices elevated, driving up gas prices and threatening to slow the broader economy. John also explains why gas prices in California and New York tend not to fall even when oil prices drop. Additionally, the conversation touches on whether Fed Chair Jerome Powell will remain at the helm of the Federal Reserve. Today is Barron Trump’s 20th birthday! Governor Kathy Hochul is acknowledging that New York City has lost a significant portion of its tax base. Zohran Mamdani’s wife, Rama Duwaji, has allegedly deleted her Twitter account after liking posts that are anti-Semitic. Governor of Arkansas Sarah Huckabee Sanders was reportedly asked to leave a restaurant in Arkansas. CBS News Radio has announced it will shut down completely on May 22nd. Mark interviews Fox Business reporter Charlie Gasparino. Charlie warns that New York City’s budget is heading for serious trouble due to mismanagement by the city government. He also notes that more JPMorgan employees are now based in Texas than in New York. Charlie shares insight from sources on when the Strait of Hormuz is expected to reopen - and the outlook is worth hearing.

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