Oh Schmidt! It's Friday: Steve Schmidt & Jim Acosta Shoot the Shit on the Latest Breaking News
The Warning with Steve Schmidt
iHeartPodcasts
4.6 • 1.1K Ratings
🗓️ 17 April 2026
⏱️ 57 minutes
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Summary
Steve Schmidt joins "The Jim Acosta Show" for another edition of "Oh Schmidt! It's Friday!" They cover a lot of ground, including the opening of the Strait of Hormuz, the Paramount-CBS dinner "celebrating Donald Trump," the latest on the California governor race and more. Bryan Tyler Cohen also joined Jim on the show.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.6 | Guaranteed Human. |
| 0:10.7 | Acosta's show. |
| 0:11.7 | It's another day that ends in why in MAGA treating Donald Trump like he's a god, except he's not. |
| 0:17.7 | It's also another day that ends in Y and Trump cabinet members embarrassing |
| 0:21.9 | themselves and the rest of the country. Let's discuss our friend Brian Tyler Cohen is back with us. |
| 0:28.6 | Brian, great to see you. Good team too. Thanks for having me on. Yeah, it's been too long. And I guess |
| 0:33.6 | there's been a, I mean, I'm looking at our appearance together today as kind of a news |
| 0:38.0 | roundup. There's been a lot this week. We can talk about the straight of Hormuz or the straight of vermouth, if you'd like, whichever way you want to put it. I think Trump today called it the straight of Iran. So that was a, that was a big move. Honestly, my money was going to be that he would call it the straight of Trump well before |
| 0:54.5 | he called the straight of Iran. |
| 0:55.6 | But you know, you can't make this stuff up and we don't know where it's going to end. |
| 1:00.8 | I guess we could start there first. |
| 1:03.2 | Trump is claiming that the straight is open, but that the Navy is still blockading it. |
| 1:07.6 | He has an all caps, true social post here, which of course that makes it official. If it's all caps, that means it's official. And I mean, you know, a lot of this feels like market manipulation. He does a lot of this stuff, so the stock market will go up, and then some shit will go down over the weekend, and then price will go back up again, and the stock market will go down. But what's been your observation on this whole thing this week? |
| 1:30.0 | You know, my observation on the fact that he is now celebrating the fact that the straight of Iran, |
| 1:36.0 | straight of Hormuz, straight of Ramuth, whatever we want to call it, is open, is that |
| 1:40.0 | we have seen at least 13 U.S. service members die, 400 or so wounded. We've seen the price of oil |
| 1:47.8 | surge. We have seen at least $50 billion get spent on this thing, all so that we could be in |
| 1:53.7 | the exact same situation as we were in before any of this started. And so what do we have to show |
| 1:59.1 | for all of these lost lives, all of these |
| 2:01.9 | wounded Americans, the fact that 350 million people here at home are now paying more, |
| 2:07.1 | not just to get everywhere, but to have their goods come into the United States because |
... |
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