S&P 500 Dives As Trump Hints At Recession | PBD Podcast | Ep. 559

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What are the highlights of episode 559?

Patrick Bet-David 0:24
Okay, so we are officially live, episode 559. Gang, this is a new set. We got an upgrade. We're at this new set we got here at this house somewhere off-site. And for those of you that want to see what happened this morning, okay, Adam slept at this house. The crew's been setting up. And guess who was late for set-up this morning? His room is behind this wall right here, okay? If you want to see the clip on Adam, Waking up late to be here. We've been here already waiting for him. Go to Manac, download the app, and join the PBD Podcast Circle. Let me give a quick shout-out to some of the guys that are members already there. A bunch of guys are responding in the back. Kim Smith, Roque Irwin, Vincent Dillman. I'm not going to get all of you.
Patrick Bet-David 1:11
Jim Kaiser, Sean Oganessian, Steve Krujinski, teak becky and maura lardieri we got a bunch of guys mickey sausage deangelis what a great name anyways go join the circle of pbd podcast we communicate throughout the day and a week on the stories we want to talk about anyways let's get into some of the stories that we got here trump and thomas massey we you know we'll talk about that it's Trump is not happy with Thomas Massey for not approving it. Thomas Massey responds back with a tweet. There's a ton of people supporting Massey, and there's a ton of people that are saying Massey's getting in the way. We'll give our thoughts on that, on what's going on there. Representative Al Green blames discrimination for being censored after disrupting the Trump speech.
Patrick Bet-David 1:59
We'll have that for you as well. Freer of Trump has elite law firms in retreat. Law firms are afraid. Has to do a little bit with Soros. Hang tight. We'll come to it. That's a WSJ story. Trump sends letter to Iran on nuclear program. Make a deal or face U.S. military. We'll see what that means and if that threat works. When it comes down to tariffs, guys, there's a lot of stories on tariffs. A lot. China, Mexico. China put a 100% tariff on certain products on Canada, which is kind of weird. Tom's got some thoughts on that. And then Commerce Secretary Lutnick emphatically shoots down recession concerns. There's a lot of people talking about potential recessions, especially yesterday after Dow lost, was it 900 points in a daytime? Was it Dow?
Patrick Bet-David 2:38
And apparently Tesla, there's a story of Tesla losing. Is that the accurate number, $700 billion evaluation, or is that just from the market? That's cumulative. Yeah. A cumulative $700 billion of gains lost. Tesla stock nosedives since the victory. We'll talk about what that really means there. Then we have Democratic frontrunner for 2020. It goes after his own party. Guess who they're talking about? L.A. Times. Mayor Karen Bass. Tell me if you're surprised by this. is deleting text messages. She is deleting her text messages. Guess who reported on that story? LA Times. Guess who typically defends everything the left does? LA Times. LA Times is even done with their own mayor. American sympathies for Israelis fall to record low. Paul Fiennes.
Patrick Bet-David 3:29
We have Adam here to give us an update on what's going on over there. Hundreds of minorities, including Christians, killed in Syria. When you see these stories devastating, And this happening in a place where a lot of me and Vinny's family, Assyrians, came from, which we'll discuss that as well here in a minute. U.S. makes fresh push for World Bank to back nuclear power. U.S. in exploratory talks with DR Congo over mineral deals. Rebuilding L.A. 's economic moment of truth. That's an L.A. Times story. Job cuts, ready, has surged 245% in February on federal government layoffs. Jerome Powell says he's not worried too much about what's going on with the job reports that came in, and he's not in a hurry to cut rates. Some people aren't happy about that.
Patrick Bet-David 4:19
Canada, Mark Carney wins race to replace Trudeau as Canada's prime minister. This guy's a former WF guy, former Bank of England governor. Again, we'll talk about that. We'll talk about Tesla stock. Bill Maher slams liberal MSNBC obsessive fact-checking of Trump. Stephen A. Smith gets his hundred million dollar contract.

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