Eric Bolling

We were huge, we were growing, we were the premier oil trading platform in the world. For every single barrel of oil, price was discovered on the New York Merc, and it still is. I was a board member there. Howard calls from Canter before the World Trade Center comes down. He says, I'm going to put you guys out of business.

I'm developing an oil contract that is going to bury the New York mercantile exchange. So I went over there with a couple of other board members to have a nice conversation with them to see if there's a way we could all work together. To discover prices for oil. The more price discovery, the more people involved, the better.

He just literally looked at us and said, I'm going to develop a contract putting you guys out of business. Make a long story short, the exchange is still here. It's a $150 billion entity and Howard's making tariff.

Well, I think it's his... He sold it as his expertise. I mean, he came in as the Commerce Secretary and he had an idea. And Trump liked the idea. But the problem is that the idea of raising your own tariffs to reduce global tariffs on incoming imports, their exports are imports, is a nice idea. It's a... Maybe it would work, maybe it wouldn't. I don't know.

Maybe it throws people, the world into a global recession. I'm not sure. But he sold it and Trump kind of liked the idea. And then it got away. It became something different. I think it'll get back to what the original was.

I think Janet Yellen should never have been Treasury Secretary. I think she's ridiculous. She's the one who said inflation was transitory when it was clearly not transitory for the better part of four years of Joe Biden's presidency. It was directly tied to their policy. I just happen to also question whether or not raising tariffs will actually create American jobs.

And what kind of American jobs are we going to create here if we do this? Clearly product prices are going to go up. If all things stay the same, Tariffs stay high with China and others. Product prices will go up globally. Hopefully there's enough demand to support the higher price. Maybe there is. I believe there's a lot of demand in the US economy right now. But you have to worry about China.

China right now is on that precipice of, is there enough demand to keep them paying for their growth? I'm not sure. So that's the risk. And the payoff would be, Patrick, is Tim Cook says, I'll give a half a trillion dollars. We're going to build 500 billion dollars worth of manufacturing facilities. In America.

Letnick said, okay, we're going to have Americans screwing those little screws in iPhones. No, that's not how it happens. They come back and if they do spend money to build a manufacturing plant here, which would be great, economic activity is good, they'll all be robotics. Every single iPhone will be built with robotics.

The only reason why it's not happening now is because it's too expensive to build a new manufacturing plant with the robotics. But if you're going to make the... zu importieren, dann machst du es hier und es werden nicht mehr Amerikaner in der Produktion arbeiten. Es wird mehr Produktion, aber nicht mehr Amerikaner in der Produktion von Produkten und so weiter.

20%?

We're 14% of exports, maybe 16%? We're probably... Ja, genau. They're on a path to actually go into more than a recession, maybe even a depression. They can't keep up. I mean, they've grown. They had massive growth. Their growth has almost stopped.

Of course, yeah, in labor.

Wie haben sie uns? Und die Vorstellung ist, dass, weil wir so einen massiven Handelsunfall haben, wir in irgendeiner Art und Weise... Nehmen Sie die Zahlen, Rob. Sie sind da.

Let's hear it. Open up our markets. Trump loves to drill for oil. If we became a global major exporter of oil... That's a term, though. So China goes to number one, Patrick. Let's say they take over the United States in two, three, five years, whatever. Do it per capita now. They have five times our population. But they don't care about that. They don't care about that.

From a third world country to a developed nation. They're not wired like you. They're not wired like us. My point is, we get hung up, are we first or second? Are we the biggest military or the second biggest military? My point is, we're the most powerful country. It doesn't matter if China has a bigger GDP than the United States. We'll still be a heck of a lot more powerful than they will.

They would love to have what we have. Based on what though? Based on what? Our buying power. We have a consumer that is the strongest consumer on the planet. Our economy is the strongest economy on the planet.

Per capita GDP? If this continues, who's a slave to who? We can never be a slave to them. We buy their shit. We sell them stuff. We pay them. They can't stop. And they have a lot of our debt. If they put us into a depression and we default on the trillions of dollars of our debt that they hold, they don't want to do that either.

Ich glaube nicht, dass jemand einen 10-Trillionen-Dollar-Meltdown in den Einkommensmärkten gesehen hat. Ich meine, den Tag bevor sie erneut, wir wussten, dass die Erneuerung am 2. April gekommen war. We knew it was coming. April 1st, the market was up. Flat top a little bit. A 10 trillion, 1600 on a Friday, 2600 on the Monday, 1500 the next day. When that happened, Trump's smart.

He said, wait a minute. Maybe this isn't the right. We thought it sounded great. And I agree with you that it should have been, let's use this to lower all tariffs. But they didn't realize how much the market anticipated the downdraft.

I have pros on the show.

I actually think he's brilliant. I think he's the smartest man on Wall Street. I also think he hedges everything with, we're headed to a recession. He's been saying we're headed to a recession for the past 20 years. Yeah, and he's going to be right at some point.

Right, but as the market goes up and JP Morgan's stock goes up and Jamie Dimon looks smarter and smarter, if it does turn negative, he looks like he called a recession.

Yeah, but just target it right. Target it right. You called it a middle class tax cut and they didn't get the money. Chris, I don't think there's a bad target to reduce a tax, whether it's corporate tax or individual personal income tax, lower level, high level, middle class. Lower taxes, you create economic activity. That's fine, as long as you cut the spending.

It's not the Princess Bride. If you can become fully... Listen, oil is the lifeblood of the global economy. Period. Wer es hat, macht es am besten. Also drillen, drillen, drillen, drillen, drillen, drillen, drillen, drillen. Okay, also China macht 42. Wir haben eine Fünftel ihrer Bevölkerung. Es ist alles gut. Es ist nicht schlecht.

Wir reduzieren unsere Kosten, reduzieren unsere Ölpreise und wir werden auf einem globalen Niveau für die restlichen Leben kämpfen.

Get rid of the Department of Education, kill the unions, and all of a sudden things get better. How do you know that? Well, that's the theory. The theory is, free them up, just like the free market. Free up education. Allow parents to take the money that the public school system is wasting on students and failing miserably at. and let them choose where the best schools are.

I thought you were macho machismo. You're making the case to eliminate teachers' unions, Department of Education. No, I'm not. You literally just said that. Based on meritocracy rather than a union mandate.

The president says that's what we should go back to. Nein, es ist eine neue Goldene Ära. Es ist nicht die Gilded Age.

We agree.

100%.

Maryland Man, they call him. Maryland Man, born and raised in El Salvador and a MS-13 gang member.

You are 100% on it, which blows me away that she actually even... Ask that question, Chris. I mean, CNN management must have been like, what the hell is she? She's a double agent because they love her in Trump land. They love her. She's got friends in that administration. She gets access. She gets information. She walks CNN right into an ambush. I mean, they got smoked.

CNN got smoked because he points out all the things that CNN lied about and gave Trump the platform to say, look at these assholes. We're deporting people who rape our women, kill our children or vice versa. And CNN, you want them back.

At CNN? I gotta think they're gonna be there saying, what the hell did you do? Ask him a tough question he can't answer. Not something he's gonna absolutely lambast CNN and you.

Raise his Q-Score, Acosta's Q-Score. He's not doing it anymore. He's smart. He's leg-sweeping these people. I believe Kaitlyn Collins is probably on her last leg because of the three or four things she's done recently. But certainly, if I'm CNN-Management, I go... Sie hat uns einfach in einen Dumpf geschlagen.

Das ist nicht, was sie gesagt hat, Chris. Das ist nicht unfair. Du fragst die Frage so. Patrick, du fragst Chris, was die richtige Frage ist. Frame es so. Und dann all of a sudden, du und CNN siehst du smart. Siehst du, du hältst die Wahrheit zur Macht. Fair. Du willst nur fair sein. Sie sagt, bringst du den Maryland-Mann zurück? Und sie teilt ihn auf. Das ist eine verdammte Weise, es zu fragen.

The only one who's done worse in the Oval Office in the last 90, 80 days or whatever it's been is Zelensky. Caitlin Collins is number two to Zelensky. Both got destroyed. Absolutely destroyed.

25-54.

Ich war in der Zentralseite auf der 5 für sechs Jahre. Wir waren zu O'Reilly. Diese Zahlen... The whole cable news world is shrinking. These numbers are way down. Yeah, there's stratification.

What do you got? I think you're clearly the best on News Nation. Clearly. I'm the best sitting next to you right now. News Nation is cast to pick a side. They haven't picked a side. We're news for everyone. I'll get fired if I pick a side. Right. I contend. I will. They'll fire me. That's why News Nation can't make ground on Fox. Because people want a side. That's right.

And News Nation wants to be all the news for all the people, which is admirable. But we're in a bifurcated world right now.

Red Sea was bought by Fox Corporation, so my digital portion is with Fox now, but my cable portion is on Real America's Voice and YouTube and Rumble. We're live there as well. So I own the show, but I license it to Rav and also license it to Fox.

Can Stephen A. Smith get the support of Democrats?

Er ist nicht straight blue. Ja, aber das ist die Art, wie du sein musst. Das ist die Art, wie wir sind, überall in unserer Leben. Ich denke, Robert F. Kennedy Jr. sollte der nächste Präsident sein. Ich wirklich. Aber die Leute an meiner Seite, MAGA, mögen das nicht, weil er aus einem demokratischen Ort kommt. Und wir sind so bevölkert. Das Land geht nur weiter und weiter weg.

Sie wollen nicht nur die andere Seite gewinnen. Sie wollen es zerstören. Sie wollen kein 2-1-Baseball-Spiel sehen. Sie wollen ein 12-0-Blau-Noh-Hitter sehen. Aber ich glaube, das sind die Grenzen.

Er ist ein Demokrat. Er kann nicht als Republikaner laufen. MAGA wird ihn halten. Wer ist Trumps Vorsitzender? Ist es J.D. Vance? Ist es Don Junior? Trumps Vorsitzender. Oder einer der anderen Trumps. Wer weiß. Es könnte auch Ivanka Trump sein.

Keine Ahnung. Aber der Thron ist jetzt in der Hand von MAGA. Ich bin nicht ein Republikaner. Verlassen Sie die Republikaner. Niemand interessiert sich mehr um die Republikanische Partei. Die neue konservative Partei ist Trumps Partei. Es ist MAGA. Es ist, was wir sind. Stephen A. Smith, great. He would be a better disruptor of the left for us than actually running on our side.

It's going to be someone from the entertainment world who's got the smarts and also the charisma and the it factor, like Trump. They need a Democrat version of Trump.

I don't think that's ever going to happen. But it will depend largely on how the economy, how the borders, whether or not we're involved in any foreign wars. And if he does, if he stays true to... You drill, you bring the price of oil down, you bring taxes down the economy. The demand in our economy is there. You don't screw that up. And in two years you hold the House and Senate.

It's yours to lose. I mean, it's literally theirs to lose.

Eric. Why not? At the end of Obama... 2.0, we thought Michelle was going to win and he picked Barack as her Vice President and she was going to step down in the third term of Obama. Yeah, but you can't. The 12th Amendment doesn't allow it. We got Joe Biden's third term of Obama. Listen, Bannon is a provocateur. He's a good friend of mine. He's on my show every single day.

The last seven minutes of my show were with Steve. We do the handoff the way Ewan Lemon used to do the handoff at CNN. I think he's brilliant. I think he is the original thought mind behind the populist movement, which is not only in America, it's sweeping the globe.

My show ends at 5 and he picks up at 5 and we do a 7-minute hands-off. He's taking a shot at me. I love Chris. That was my favorite part of your show.

Stop it. Wait, wait, wait.

Ich war ein professioneller Fußballspieler. Ich habe meinen Rotator-Kopf ausgelöst und hatte nichts zu tun. Ich bin in New York auf Wall Street geblieben. and started on the New York Mercantile Exchange trading energy futures. And I spent 12 years there. I got to the board room. I became a board member, brought the exchange public.

The first major financial, certainly exchange that went public on my push. And I spent 15 years total on Wall Street and I've never left it. I've traded, I continue to trade oil. I trade energy.

gold silver agricultural commodities but i'm an active stock trader as well and so i'm in and out of this in tariffs honestly patrick is i just don't get it i'm i'm a i'm an original maga i'm an og maga sorry chris i know you're not gonna love this but one of the original trump supporters one of the original steve bannon supporters because when back in the day when bannon and uh andrew breitbart were developing america first um

Wenn du Geraldo fragst, wie er vier Jahre bei Fox war, Trump liebte, während er da war, und dann geht er weg, und jetzt hat er Trump plötzlich verliebt, weil er seine Meinung verändert hat, aber er hat ihn schon seit 25 Jahren kennengelernt.

Trump hat seine Policies noch nicht verändert, Chris. Er hat die Grenze geschlossen. Er hat die Grenze geschlossen.

Das ist seine Antwort. Das ist sehr einfach. Das ist sehr einfach, Januar 6 zu wählen, weil es nach dem ersten Termin von Trump passiert ist. wo er im All-In war, als er bei Fox war. Ich würde sagen, dass Geraldo den kleinen roten Punkt auf der Kamera liebt, wenn es auf ihm ist. Und er wird fast alles erlauben, was die Leute, die auf der anderen Seite der Kamera schauen, suchen.

I followed them and they were great. They brought President Trump to the presidency the first time. So the original MAGA support, I do not get this idea of applying tariffs on the whole world. We are the biggest consumer on the planet. We have a lot of ways of exerting pressure on China to lower their tariffs and others Brazil. One of them would be use our massive oil infrastructure.

Und in deinem Fall wollen sie mehr Trump-Bashing oder Trump-Verlust.

I mean, Trump loves to drill oil. If we drilled a ton more oil, if we put liquefied natural gas, which we can now do to the point where we satisfy all of our domestic demand, the excess demand, we could offer to China and say, look... You want to make a deal, lower your tariffs, we will sell you LNG at market price without a tariff. You want to keep your tariffs, we'll jack it up.

Pull up VXX for a second, not VIX. VXX. There's the index. Just VXX, not VIX. Oh, I'm sorry. It's okay. You're right. Give it six months or a year or whatever. Five years even. Look at that. April 2nd. Those spikes, there, right at the end. That was the day that they announced the terror. And what that is, they call it a fear index or a confusion index. And people, Wall Street was genuinely...

China needs the oil. They need that. They're desperately seeking oil. That's why they have the partnership with Russia. Point is, I've done this for a really, really long time. It's the one area I just can't get behind. Free marketeer here. Anytime government gets involved in anything in the markets, they pretty much screw it up.

Blown away by the tariff announcement, even though they knew it was coming. And look, the only other time it happened recently was a massive spike. I don't even know what the event was in August of 24. It rarely ever goes to above 80. And it went from the low 20s teens to 75, 80 and is making its way back down as people digest in this. But the general idea is it's still elevated, Tom.

It's still high, meaning the market... The players, the bigger players in the market are still uncertain of the direction of the market. Is it going to tank? It could go down another 4,000 or 5,000 points. Is it going to make new record highs? Who knows? They don't know right now. When that confusion is in the market, the VIX spikes.

That's the question.

I don't agree with the theory, but the theory is that they're spending, whatever, 12, 15% more than the record they spent last year. And it continues to go up, is that Trump wants to retool our military. He wants to update missiles, fighter jets. Das kostet viel Geld, um das zu tun. Das ist seine Vision. Ich stimme nicht unbedingt zu Davini.

Ich stimme zu dir, dass Mutuelle Zerstörung immer da ist. Und wir werden immer die Oberfläche auf Mutuelle Zerstörung haben. Mit jedem Land auf der Welt, insbesondere Russland, China, wer auch immer. Aber um komplett zurückzukommen mit jedem Nuklearsub-Retool. All unsere Kämpfer, er macht den F-47, der kostet, was, einen Trillionen Dollar?

I saw Boeing jets.

Good. Doing great. Thanks for having me.

April 2nd, seht ihr den Tag? Das ist der Tarif-Erkennung. Boom. Es macht seinen Weg zurück. Es ist 157 Ballpark. Es war nur in den 160er und 170er Jahren, bevor das war. Boeing wird immer noch Flugzeuge machen. Sie werden sie weltweit verkaufen. China wird immer noch Produzenten sein. Dieser Tarif-Game ist... Es ist furchtbar.

Wenn du einen zweijährigen oder vielleicht sogar einen fünfjährigen machen würdest, siehst du, wie niedrig Boeing ist. Sie hatten diese Flugzeuge, die aus dem Himmel gefallen sind. Das war mehr das Determinante von Boeing. Boeing-Jets fliegen ab. Max, Boeing-Max, richtig? Nicht ein guter Produktlaunch.

Same. It's a great idea. This is obviously the precursor to requiring an ID to vote, which is great.

Es gibt so viele Konservativen mit Vinnie auf diesem Libertarianen und sagen, geh aus meinem Leben. Aber warte. Lass uns dann über Gun-Registrieren sprechen. Well, now we don't want it. We have a gun registry. When you go, there's a federal registry.

You can purchase guns legally without having a background check. Where? Gun shows. Look, that's the loophole, right? Right, but my point is, I'm a conservative, I'm saying keep your registries off my second amendment, yet I also want a voter ID, a real ID to vote. I mean, there's a bit of a hypocrisy there.

It's a big counter, Chris. It's not like a little... Das ist ein Kaviar. Elon Musk hat 2 Millionen Menschen entdeckt. Doge entdeckte 2 Millionen Menschen mit sozialen Sicherheitsnummern und sie waren illegal. Aber du hattest soziale Sicherheitsnummern.

Okay, vielleicht, ich bin nicht sicher, ob das Nummer richtig ist. Ich kann es nicht akzeptieren. Du hast den Mann da. Ich werde es dir sagen, sie haben viele, Millionen vielleicht, die Social Security-Bedürfnisse erhalten. Ja, ja. Yes. They pay in.

Google it! How many people are here illegally doing landscaping jobs or cleaning hotels? There's no question that there are people who aren't doing any of that.

Because, again, government getting involved in anything, they screw everything up. Price controls screw up supply demand. Just let supply and demand find the right home. Originally they launched it as we're going to put an equivocal tariff on any certain country, China, Brazil, Germany, whatever you're charging us.

Eric, thoughts? I think he's being very nice. I think Iran is a state sponsor of terror. They've always been. They will never not be. I think he's right. October 7th wouldn't have happened if Trump were president. I don't think Russia would have attacked. Ukraine, if Trump were president. I don't, yes, try and prohibit them from getting a nuclear weapon at all costs.

I'm not sure it's going to happen. But I think the smarter thing to do is continue the massive sanctions on that country until they... I don't know, Patrick. They're run by religious fanatics and they hate the West and they hate everything we're about. I don't think there's any changing their mind. Certainly not in our lifetime.

I think a tough hand with Iran is better than trying to negotiate with them.

Reciprocal. Problem is they didn't do that, Patch. What they did was they took a trade in balance with a country, for example China. $130 billion trade in balance, that's what they sell us more than we sell them. And they divided that number by the total export China into America, which is fine, but it's an equation. It has nothing to do with their tariff structure at all.

Remember, we tried to do that with them once. How do you do it? They didn't let us. We had inspectors. I know, I remember that. And they shut the door. They shut the door. So how do we know anyways? They don't. This isn't about negotiating with Iran. This is about saying, cut the shit. We put a second nuclear strike force in the region, sitting there right now.

We're going to show a force and have them... I don't know. I don't know, Pat. Maybe Israel goes in and does what they did in 1982, where we were playing games with Iran and Israel in the middle of the night, when they wiped out their whole nuclear program.

No, permission. Give us the support. Give us everything we need. Just give us the wink. We're not going to put your fingerprints on it. We'll take care of it like we did.

It's a trade imbalance number. And they came off, I think, 64%, and they said, oh, we're going to do 32%. They did that with every single country in the world. It had nothing to do with the actual tariffs. So they sold it as, we're going to raise our tariffs reciprocally, And when you lower country A, B or C, we will lower with you, which is great. That's fine. You want to play that game?

Assets, Intel, everything. Whatever they need to get it done. They already have the Intel. So this is all I would agree with. If you're Das ist, dass das all die diplomatischen Schritte ist, die sie nehmen müssen. und dann die Besten herausfinden. Die CIA kann das nicht. Sie sind gerade zu ausgeschlossen. Wenn das passiert, muss es durch Israel gehen.

Wonderful. Then it became something different. Then it became, we're doing this to everyone and now we have 15 countries who want to negotiate. Now we have 150 countries that want to negotiate. And it became more about the world leaders coming to the Trump administration and begging for some relief, which isn't the real nature of it.

Du wirst wahrscheinlich einen oder zwei oder mehr Leute verlieren. Oh, sicher. In Russland, ich meine, du gehst gegen... Sie verlieren jeden Tag.

You want to play the tariff game, play it where the purpose is to lower tariffs completely, both directions. And I think they lost that script for a while. They're trying to get it back now. And then this whole idea of choosing certain industries to exempt from tariffs, not necessarily countries, but industries, chips, cell phones, computers, it just, I just don't like

I brought him a t-shirt. Notice how he waited.

Steve Bannon is my spirit animal. He's coming around. You're on your way.

You can go to ericbolling.com or, you know.

We're also both on Manect.

Look at those studs. Look at those handsome devils. By the way, 420 on Thursday, huh? That day on purpose?

I'm a free market person, Patrick. The free market is what made this country number one, the greatest country on the planet, bar none. Because we have the most free business environment markets and the tariff disrupts that whole apple. Tom, your thoughts on this?

What was Jesus doing those 40 days? Cheech, Chong and Tom.

Ich möchte mich nicht überraschen, aber sie haben keinen Tarif und keine Schwierigkeit, in den Markt zu kommen. Sie haben keinen Tarif und keine Schwierigkeit, in den Markt zu kommen.

Well, I was at Fox. All things being equal, I mean, you were like the most rational lefty at the time, kind of centrist now, but... We came a long way. I guess that's a compliment. Most rational lefty. I take what I can get when I come here. I mean, there's not a lot of common sense on the left and you had some, which is ahead of the game.

Sie haben keine Schwierigkeit, in den Markt zu kommen. will raise to you, oh, and they said we're going to be lenient and only do half. But the number they are using is the tariff that we're being charged and nothing to do with the tariff. And again, I'm putting this on Howard Lutnick, because this is Howard Lutnicks baby here and I've known that guy for 30 years.

I wouldn't trust him to park my car over there. Only the best. Tell me why. You want me to tell you why? Trump brings in only the best. Only the best. Er war nicht am World Trade Center, als er in die Schule ging. Sein Bruder ist gestorben, 115 seiner Mitarbeiter sind gestorben. Die Familien seiner Mitarbeiter hatten kein Geld. Sie hatten kein Gesundheitsschutz.

Sie mussten Howard Lutnick aussuchen, um Gesundheitsschutz zu bekommen. Correct me if I'm wrong, I mean, this is out there. But it's 25 years ago and people are like, oh, Howard Lutnick. They don't remember. Since then, my first experience with Howard Lutnick, because I was trading oil on the New York Mercantile Exchange, I was on the board.

Come home from a restaurant.

That's right. So we get the call that he had taken what he felt was a Xanax that he bought on campus. And it was laced with fentanyl that he didn't know. He passed.