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You know, to all the big tech out there, you're going to F around and find out. I mean, Donald Trump was sending a message to Elon Musk publicly on Trump's social media platform that Bill Gates asked to go and meet at Mar-a-Lago. And Donald Trump's like, Elon, when are you coming back to Mar-a-Lago? And we've seen big tech show up at Mar-a-Lago and kiss the ring. Well, here's the headline.
Markets stumble as Wall Street sells off Bitcoin. big tech. Perhaps big tech's realized with all of its stock buybacks and all of its kind of gimmicks that it is going to be exposed. So perhaps it's cozying up to Donald Trump because it wants itself to have a bailout. Perhaps that's one of the things that's going on. I mean, look, take a look at the stock market again on Friday.
The Dow Jones was down almost a percent. It was down 333 points. The NASDAQ was down almost 1.5%. It was down nearly 300 points. The S&P 500 was down 1.11%, down 66.75 points. And as CNN reports, markets stumble as Wall Street sells off big tech. I did a report earlier this week about how all of these companies have valuations that far exceed expectations.
what they actually should be based upon their earnings, based upon their revenue, and based upon their EBITDA or profits. Here's the headline from CNN. Markets stumble as Wall Street sells off big tech. US stocks ended Friday in the red, closing out a lackluster week despite a year of historic highs.
Under what was happening earlier in the year with those historic highs, who was in power at that point when we would be doing these reports and we would be hearing another record closed, the Dow, the Nasdaq, the S&P is setting another record.
By the way, y'all remember, what was it, two weeks ago or three weeks ago at this point when Donald Trump went to the New York Stock Exchange and all three of the indexes, the Dow, the S&P, and the Nasdaq went down when Donald Trump was there and brought out all of his kind of propaganda stuff. And then Donald Trump was asked by Jim Cramer, the CNBC business host, or he's masquerading as that.
So Donald Trump. Should American workers invest in the stock market? Y'all remember what Trump said? Trump said, I don't know. It was a softball question. Should American workers invest in the stock market? You are Mr. Accordion Hands. You've made all of these promises. Trump goes, I don't know. I'd be worried. If there's a dip, they're going to get hurt.
If there's a dip, they're going to be hurt. That's the message you're sending to the markets? Seriously? Donald Trump had also said he can't control the prices. It's going to be too hard to bring down the price of goods. And look... Since the election, egg prices are up, up, up. Mortgage rates are up, up, up. That's not a good thing. You want that to be down.
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