Stephanie Ruhle
speaker
1,137 appearances
8 recordings
6 series
first heard Dec 2024
last heard 12 Jun
Stephanie Ruhle’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Jun 2026 with 2.
Appearances
So I will say I don't have those conversations by design, right? If I'm speaking to sources, I want to learn everything I can. And me saying, well, didn't you learn your lesson is a waste of time. Something that I've actually heard in the last two days was something I hadn't thought about, but I'm hearing more and more guys talk about. is Trump's leaning toward authoritarianism.
A huge investor called me just yesterday, just based on these rumors that the White House has denied about them potentially having a military parade. You know, if we were to have a military parade in honor of our president, if that were to happen, that should rock us to our core because that's what Kim Jong-un does, right? That's what we see in dictatorships. Pair that
with ignoring a Supreme Court ruling. Lots of folks out there would say, oh my goodness, just get rid of those illegal immigrants. They're all criminals. We make a few mistakes, so be it. I'm glad with what Trump is doing. There's a group of people who say that. But there is a group of surprising people in the investor class who are paying super close attention to this Maryland man
who has been detained, who's in an El Salvador prison. And the reason they're so concerned about it is because Trump is openly and brazenly ignoring a Supreme Court ruling. And one of the main reasons that people invest in America and believe in America. A core tenant of American exceptionalism is that we follow the rule of law. We have three separate but equal branches of government.
Congress does their job. We follow the rule of law. We invest in science. We back our universities. When we don't do that, That breaks down the foundation of American exceptionalism. So it was interesting to me, calls that I was surprised to get from investors who were so focused on this idea, could we have a military parade?
And is Trump going to continue to ignore a Supreme Court ruling and hide behind this sort of Well, I'd bring him home if it wasn't for the president of El Salvador. Explain to me, on one hand, you're the strongest of the strong men, right? Who thinks you rule the world, but now you're going to hide behind the president of El Salvador? No one believes that.
And it's interesting to me that that has so many in the investor community concerned.
Because a significant portion of Americans understand the contributions these immigrants make to our country, right? Let's go to the state of Florida, Donald Trump's adopted home state. So we're going to mass deport the people who pick our fruits and vegetables, okay? The people responsible for the produce at your grocery store and in your kitchen. And what are we doing to counter that?
Well, we're lowering the regulations in Florida. So children to the age of 14 can now work, I think, until 9 p.m. at night. OK, so again, we're talking about denting American exceptionalism. We're going to Remove immigrants who came here for a better life, who are willing to take those low-wage, intensely laborious jobs. So what? Our kids can do those jobs?
And this goes right back to if Donald Trump wanted to say – If Donald Trump wanted to say China is a bad actor in terms of trade, and they are, and if we wanted to get together with our allies, which we wanted to do at the end of the Obama administration with the Trans-Pacific Partnership, and take them on, have at it.
Or if he wanted to say, we're really going to tariff them, but this idea that Howard Lutnick had pushed, and we're going to start making iPhones here, we don't want that for our kids. We want to invest in education.
We want to improve education so our kids can have higher skill jobs, so they're designing the next iPhone, so they're designing the next car, not so they're assembling every piece of it. It just makes absolutely no sense.
So we're going to bail out the farmers. We know when Donald Trump first announced this, The tariffs and wasn't mentioning bailing out any farmers. He said this is going to be great for farmers. Have fun, guys. Never realizing that we as a country produce more food than we could ever consume. Right. They need to export.
So now we're going to write these giant checks to farmers because we want to save the American farmer. Aren't we supposed to care about debt and deficits? Aren't we supposed to care about government spending? So on the left hand, you have Doge taking a rhinestone bedazzled chainsaw to vital parts of the government.
And now on the other side, we have to write a check to American farmers to make sure they can stay in business because of the tariffs we've imposed. The problem is there's no logical strategy behind any of this.
So here's why this matters. And people like to like gaze off when you talk about bonds. But I'm just going to I'm going to lay it out just for a second. Normally, when the stock market goes down, people rush to bonds. And we say, what are bonds? That's U.S. treasuries.
And, you know, a few weeks ago, early tariff talk, when the stock market started to go down, we saw the likes of Scott Bessa and others say, well, this is good because we are going to see rates go down. And this will help us because we have a huge amount of government debt that is coming due, $6 trillion in June that has to get refinanced.
So they had this idea, well, the stock market will go down and we are going to see people rush to buy treasuries. So people rush to buy treasuries. That means the price goes up and the yield goes down. But what's happening, in my opinion, is the scariest thing. Normally, stocks go down and you see people rush to buy treasuries. They're not. They're not rushing to buy treasuries.
Because they're not trusting the U.S. dollar. They're not trusting the U.S. Exactly. They're going for the gold, not Olympic style. They're going for the gold because it's the only trusted asset. So for people who aren't even invested in the markets, you're hazing over. You're right. When those rates go up, that means your credit card is going to cost more to pay. That's your mortgage.
any sort of loan. So tariffs are going to make everything cost more. And now what it costs you to borrow is going up as well. And that's a perfect storm. And the question will be, will Jay Powell and the Fed have to step in and buy bonds, which is crazy. That they should do that when the economy is so strong.
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