Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
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What is the introduction to this episode?
You're listening to Comedy Central.
From the most trusted journalists at Comedy Central, it's America's only source for news. This is The Daily Show with your host, Jon Stewart.
Nice to see you. Say, say, say. We got a good one for you tonight. I'm sorry.
How did Trump's tariffs affect the economy?
I was just... I was just... I was just... No, stop. Say, say, say. We got time. Can I tell you something? And I mean this sincerely. Ever since we started spraying the audience with cocaine before the show... Welcome to The Daily Show. My name is Jon Stewart. Great show for you tonight. Rahm Emanuel will be joining me later to remind me. He'll be out here. Reminding me just which one of the three brothers he is again. I don't know. Is he the one that owns UFC? Does it matter at this point? But that is later. First, as you know, our economy... Our economy is in the midst of a beautiful metamorphosis. Turning from a simple caterpillar into a dead caterpillar. So let's get into it with another exciting installment of Trade Wars.
My favorite word. My favorite word. Terrence!
Terrence! Now, you might remember when Donald Trump was reelected, Wall Street was thrilled, excited about deregulation, tax cuts, and the fact that you could once again call people sugar tits.
One top banker told the paper that he feels liberated because now he can use offensive slurs like the R-word and the P-word without fear of getting canceled at work. Mm.
The R-word and the P-word? Well, I can tell you today that that top banker is definitely using both of those words. Perhaps even adding motherfucker.
What was the market reaction to the tariffs?
Right now. The market meltdown for the third straight day. Global markets are sinking. Markets across Asia, Europe, and Australia plunging. At one point this morning, the Dow sinking almost 1,600 points. The market's lost more than $6.5 trillion in value.
This is an economic Armageddon.
Where's a Hawaiian shirt to an economic armageddon? What are we doing here? But they pull you in from the pool? Either Financial Channel's Rodney Dangerfield or something? I told my wife about the stock plunge. She said, oh, I thought you guys would never go down there. No, no, no. Haven't done that one in a while. This turmoil could have lasting effects on the global economy, on everyday Americans, and most worryingly, the stock portfolios of members of Congress. Mr. President, now is the time to soothe a worried nation.
Donald Trump put this out on social media. Don't be weak, don't be stupid, don't be a panikin, which he has termed a new party based on weak and stupid people.
The genius who gave us classics like Sleepy Joe and Crooked Hillary just shit out, you're a panic cat? How about hysterocrats? Rapussicans? How about cryontologists? Did the overseas factory you had been sourcing your nicknames from get shut down during the tariff war? So we're going to try this again, Mr. President. Can you ease the fears of this nation like a true leader?
President Trump holding firm, posting on Truth Social, only the weak will fail.
Your economic policy has the same tagline as season three of Squid Game? That's supposed to make us feel better? Only the weak shall die in my economy. By the way, in case you didn't get the point that he doesn't give a f***. He spent the weekend showing, not telling. He played not a round of golf this weekend, a tournament of golf, a three-day tournament. 812 holes of golf with his live golf Saudi benefactors. And in case you're wondering about the venerated journalists who are now allowed to be in the press pool, this was literally the first question he was asked on Air Force One in the middle of a financial meltdown.
I won the tournament, mom.
I'm a good boy. Good boy, good golf. I know the stock market is not the totality of the economy, but if I remember correctly, in the run up to the election, Trump seemed very concerned about the stock market.
If Harris wins this election, the result will be a Kamala economic crash, a 1929 style depression.
And anything she can do, I can do better. I can do it on my own. I won, Mom. Hey, Mom. Hey, Mom, look. Hey, Mom, look, no economy. Please love me. And it didn't have to happen like this. Trump had so many options to shape the world economy into the one he thought was fairer. He could have proposed some incentives to bring back manufacturing.
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Chapters
6 chapters
1
What is the introduction to this episode?
0:01–0:48
2
How did Trump's tariffs affect the economy?
0:48–2:55
3
What was the market reaction to the tariffs?
2:55–8:29
4
How does Jon Stewart critique Trump's economic strategies?
8:29–16:54
5
What are the implications of Trump's trade policies?
16:54–24:38
6
Who is Rahm Emanuel and what insights does he provide?
24:38–44:08
Speakers
6 identifiedMore from The Daily Show: Ears Edition
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Kash Patel Gets Tangled in Bestiality Questions & Don Jr. Gets a Blushing Bribe | Colin Kaepernick
Mitch McConnell Returns & Trump Dismisses AI Doomsday Warnings | Danielle Brooks