MeidasTouch Full Podcast - 3/4/25
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How did Trump's speech impact the stock market?
After vacationing in Mar-a-Lago this weekend once again, Donald Trump went back to Washington, D.C. and said, you know what, I'm going to just further tank the markets in the United States of America. The Dow was down 1.48 percent, the S&P 500 down 1.76 percent, Nasdaq down 2.64 percent, and it started crashing significantly when Donald Trump held a press conference talking about how he was going to impose the tariffs on canada and mexico and other places he was a total mess during this press conference and let me just show you a clip right here watch what's happening at the the stock ticker as he's talking here play this clip the united states has been taken advantage of for 40 years
The United States has been a laughing stock for years and years. That's why this gentleman is built in Taiwan instead of building here. Would have been better if he built here if we had a president that knew what they were doing. And we had a lot of them very bad on trade.
For those listening on audio, it literally just started going down at a rapid pace. At one point, it was down close to 1,000 and ended up finishing really, really poorly. Here, Donald Trump talks about the tariffs on Canada. 25 percent, 25 percent on Mexico here. Play this clip.
But so we're going April 2nd. But very importantly, tomorrow, tariffs 25 percent on Canada and 25 percent on Mexico. And that'll start. So they're going to have to have a tariff. So what they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs.
That's not what they're going to do. These factories are going to shut down. It's going to be devastating for our economy here, although Donald Trump is making posts like this today to the great farmers of the United States. Get ready to start making a lot of agricultural product to be sold inside the U.S. Tariffs will go on external product on April 2nd. have fun. I guess Donald Trump just thinks this is all one big game. Meanwhile, the Atlanta Federal Reserve is now projecting a GDP contraction of about negative 2.8% in the first quarter. It was expected to grow about two and a half, three percentage points, and now it's expected to contract. Many economists believe we are heading into a significant recession and perhaps something even worse right now.
All of this follows, by the way, we've covered it a lot on our channel, of course, this horrific meeting between Donald Trump J.D. Vance and President Zelensky, where Trump and J.D. Vance humiliated the United States in front of all the world media by wagging his finger at a war hero, President Zelensky, attacking Zelensky, just doing Putin talking points over and over again. Dmitry Peskov, who's basically Vladimir Putin's Caroline Leavitt. Peskov is Putin's press secretary, says the United States foreign policy and Russia's policy are directly aligned right now, that the U.S. and Russia will vote together on everything. And the U.S. policy now matches Russia's policy. From that same press conference earlier today where Donald Trump was
tanking our economy here in the United States. Donald Trump says that he thinks Zelensky just needs to be more appreciative and thankful. Here, play this clip.
What do you need to see from President Zelensky to restart these negotiations?
Well, I just think he should be more appreciative because this country has stuck with them through thick and thin. We've given them much more than Europe and Europe should have given more than us because, as you know, that's right there. That's the border. This this This country really was like the fence on the border. It was it was very important to Europe. And I'm not knocking Europe. I'm saying that they were a lot smarter than Joe Biden because Joe Biden didn't have a clue. He just gave money hand over fist. And they should have been able to equalize with us. In other words, if we gave a dollar, they should have given what we gave.
Europe gave more money than the United States of America. Every single thing that Donald Trump says is false and is a lie. And just it. Utterly pathetic. We'll talk later in the show about some of these town halls and ruby red Republican areas where people are just so livid at Donald Trump supporting Vladimir Putin and bring the United States to join the access of evil with Putin in North Korea.
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Chapters
3 chaptersSpeakers
8 identified
Ben Meiselas 43 min
Brett 20 min
Jordy 5 min
Unknown Speaker 5 min
Donald Trump 1 min
Howard Lutnick 1 min
Larry Kudlow
Reporter