1
00:00:01,200 --> 00:00:02,160
Speaker 1: The art of the deal.

2
00:00:02,440 --> 00:00:04,920
Speaker 2: That's the best way you can describe what is happening

3
00:00:05,000 --> 00:00:08,280
Speaker 2: right now is Donald Trump has announced tariffs that are

4
00:00:08,280 --> 00:00:12,200
Speaker 2: going to be paused for nations who aren't retaliating. What

5
00:00:12,360 --> 00:00:15,640
Speaker 2: happened to China. China's raid has been cranked up to

6
00:00:15,760 --> 00:00:20,360
Speaker 2: one hundred and twenty five percent, clearly making a statement

7
00:00:20,440 --> 00:00:23,360
Speaker 2: that we want to work with everyone but China, who

8
00:00:23,440 --> 00:00:26,400
Speaker 2: is retaliating against the US. And what happened on the

9
00:00:26,440 --> 00:00:30,400
Speaker 2: stock market after the announcement, it soared immediately. It is

10
00:00:30,480 --> 00:00:35,280
Speaker 2: the world united against the Chinese Communist Party if you

11
00:00:35,320 --> 00:00:38,319
Speaker 2: want to talk about it from a political aspect. Now,

12
00:00:38,360 --> 00:00:41,280
Speaker 2: when the announcement came through, this is what it sounded

13
00:00:41,360 --> 00:00:42,680
Speaker 2: like on Fox News.

14
00:00:43,360 --> 00:00:44,600
Speaker 1: All right, Fox News Alert.

15
00:00:46,680 --> 00:00:49,599
Speaker 3: Moving markets right now is a brand new truth social

16
00:00:49,920 --> 00:00:52,879
Speaker 3: out from President Trump. The now is surging now at

17
00:00:52,920 --> 00:00:56,160
Speaker 3: fifteen hundred points on this President Trump has just put

18
00:00:56,200 --> 00:00:58,440
Speaker 3: out a true social saying based on the lack of

19
00:00:58,520 --> 00:01:01,440
Speaker 3: respect that China has shown to the world's markets. I

20
00:01:01,480 --> 00:01:04,679
Speaker 3: am hereby raising the tariff charge to China by the

21
00:01:04,880 --> 00:01:09,400
Speaker 3: US to one hundred and twenty five percent effective immediately.

22
00:01:09,800 --> 00:01:12,160
Speaker 3: At some point, hopefully in the near future, China will

23
00:01:12,160 --> 00:01:14,440
Speaker 3: realize that the days of ripping off the USA and

24
00:01:14,480 --> 00:01:18,959
Speaker 3: other countries is no longer sustainable or acceptable. Conversely, and

25
00:01:19,000 --> 00:01:21,240
Speaker 3: based on the fact that more than seventy five countries

26
00:01:21,240 --> 00:01:26,040
Speaker 3: have called reps of the United States, including the Department's Commerce, Treasury,

27
00:01:26,040 --> 00:01:28,800
Speaker 3: and the USTR, to negotiate a solution to the subjects

28
00:01:28,880 --> 00:01:33,120
Speaker 3: being discussed relative to trade, trade barriers, tariffs, currency manipulation,

29
00:01:33,240 --> 00:01:36,840
Speaker 3: and non monetary terraffs, and that these countries have not,

30
00:01:37,959 --> 00:01:42,039
Speaker 3: at my strong suggestion, retaliated in any way, shape or

31
00:01:42,040 --> 00:01:45,240
Speaker 3: form against the US. And here's the big news, grabbing

32
00:01:45,280 --> 00:01:50,560
Speaker 3: the headlines. I've authorized a ninety day pause capital letters

33
00:01:50,960 --> 00:01:55,400
Speaker 3: and a substantially lowered reciprocal tariff during this period of

34
00:01:55,560 --> 00:02:00,600
Speaker 3: ten percent, also effective Immediately, he finishes with, thank you

35
00:02:00,640 --> 00:02:03,840
Speaker 3: for your attention on this matter. That's a new true

36
00:02:03,880 --> 00:02:06,800
Speaker 3: social john out from the President moments ago. The markets

37
00:02:06,880 --> 00:02:09,480
Speaker 3: obviously reacting to that, well.

38
00:02:09,360 --> 00:02:11,200
Speaker 4: That ought to put a lot of pressure on China,

39
00:02:11,280 --> 00:02:15,000
Speaker 4: I would think. And the EU, which had just authorized

40
00:02:15,360 --> 00:02:19,400
Speaker 4: petitive tariffs on the United States based on the reciprocal

41
00:02:19,440 --> 00:02:22,679
Speaker 4: tariffs that the President announced against the EU. We'll see

42
00:02:22,720 --> 00:02:24,799
Speaker 4: what Canada has to say as well, because they took

43
00:02:24,840 --> 00:02:28,600
Speaker 4: retaliatory steps, so you've got, I mean out of There

44
00:02:28,639 --> 00:02:30,800
Speaker 4: was that list in the New York Times the other day.

45
00:02:31,440 --> 00:02:33,960
Speaker 4: It was of twenty countries, and of those twenty countries,

46
00:02:34,480 --> 00:02:38,400
Speaker 4: three one group of countries the EU was thinking about retaliation.

47
00:02:38,600 --> 00:02:42,359
Speaker 4: China was retaliating, Canada was retaliating the other seventeen.

48
00:02:42,440 --> 00:02:44,160
Speaker 1: And I know that there's a lot more than just twenty.

49
00:02:44,360 --> 00:02:47,960
Speaker 4: But the other seventeen were either offering concessions or were

50
00:02:48,280 --> 00:02:52,440
Speaker 4: entering into negotiations. So the President is clearly reacting to

51
00:02:52,480 --> 00:02:54,800
Speaker 4: these countries that want to play ball and want to

52
00:02:54,840 --> 00:02:58,360
Speaker 4: talk about evening the playing field. But for China and

53
00:02:58,400 --> 00:03:00,919
Speaker 4: Canada and potentially the EU, and I know the EU

54
00:03:00,960 --> 00:03:04,440
Speaker 4: hasn't yet pulled the trigger, they've just authorized it, they're

55
00:03:04,440 --> 00:03:06,680
Speaker 4: going to find themselves at a very difficult place. Now.

56
00:03:06,880 --> 00:03:09,480
Speaker 4: All these other countries, and there could be seventy or

57
00:03:09,520 --> 00:03:11,160
Speaker 4: more of them, are going to have a ninety day

58
00:03:11,160 --> 00:03:14,720
Speaker 4: pause on reciprocal tariffs. In meantime, China's got these one

59
00:03:14,760 --> 00:03:17,200
Speaker 4: hundred and four percent tariffs against it, Canada is going

60
00:03:17,200 --> 00:03:19,440
Speaker 4: to have tariffs against it, and the EU, if it

61
00:03:19,480 --> 00:03:22,120
Speaker 4: goes ahead and pulls the trigger, will have punitive tariffs

62
00:03:22,160 --> 00:03:25,160
Speaker 4: against it as well. So I'm really interested to see

63
00:03:25,200 --> 00:03:27,359
Speaker 4: what the EU does in the hours ahead. It may

64
00:03:27,400 --> 00:03:27,920
Speaker 4: pull back.

65
00:03:28,520 --> 00:03:31,640
Speaker 1: This was the initial reaction. As this was happening.

66
00:03:31,680 --> 00:03:36,560
Speaker 2: We were watching the Nasdaq skyrocket because so many people

67
00:03:36,560 --> 00:03:39,400
Speaker 2: were excited about what the President had just done. So

68
00:03:39,560 --> 00:03:42,800
Speaker 2: let me break this down for you another way. Donald

69
00:03:42,800 --> 00:03:45,360
Speaker 2: Trump is coming out and he's saying, if you were

70
00:03:45,440 --> 00:03:49,160
Speaker 2: a good partner, if you were not retaliating, you will

71
00:03:49,280 --> 00:03:52,240
Speaker 2: get a better deal. If you were first the table

72
00:03:52,480 --> 00:03:54,560
Speaker 2: like I promised, you will get a better deal.

73
00:03:54,960 --> 00:03:56,960
Speaker 1: And Wall streets surging.

74
00:03:56,520 --> 00:04:00,720
Speaker 2: On Wednesday after the blowout, tenured Treasury auction and helped

75
00:04:00,720 --> 00:04:04,600
Speaker 2: calm fears of a financial crisis. Delivering a sharp rebuke

76
00:04:04,680 --> 00:04:09,520
Speaker 2: to doomsayers who predicted foreign investors with free American assets

77
00:04:10,040 --> 00:04:13,440
Speaker 2: in protest of Donald Trump's trade agenda. All of that

78
00:04:13,600 --> 00:04:16,279
Speaker 2: line from the media around the world and in this

79
00:04:16,440 --> 00:04:20,120
Speaker 2: country and from the Democratic Party, well, that's all crap.

80
00:04:20,200 --> 00:04:23,760
Speaker 2: Now President Trump announcing that pause in the tar hikes

81
00:04:24,160 --> 00:04:26,800
Speaker 2: on many of these countries. The Dow at one point

82
00:04:26,880 --> 00:04:30,839
Speaker 2: was up about six percent, SMP five hundred up seven

83
00:04:30,880 --> 00:04:34,040
Speaker 2: and a half percent, and the Nasdaq store soared up

84
00:04:34,640 --> 00:04:38,920
Speaker 2: eight point nine percent. Capping a dramatic rebound from a

85
00:04:38,960 --> 00:04:42,880
Speaker 2: week of steep losses triggered by spiking bond yields and

86
00:04:43,120 --> 00:04:46,120
Speaker 2: escalating global tariffs. Now, the President knew that this was

87
00:04:46,160 --> 00:04:48,960
Speaker 2: going to be a tough negotiation, and that's the reason

88
00:04:48,960 --> 00:04:53,400
Speaker 2: why he dug in the spark a remarkably strong thirty

89
00:04:53,560 --> 00:04:58,800
Speaker 2: nine billion dollar auction of ten year Treasury notes. The

90
00:04:58,839 --> 00:05:01,440
Speaker 2: bond sold it a yel of four point four to

91
00:05:01,440 --> 00:05:05,880
Speaker 2: three five percent, also lower than expected, with a significant

92
00:05:05,960 --> 00:05:09,080
Speaker 2: stop through, a sign that investors were eager to buy

93
00:05:09,160 --> 00:05:15,039
Speaker 2: even below prevailing market rates. Foreign buyers, classified as indirect bidders,

94
00:05:15,440 --> 00:05:19,400
Speaker 2: scooped up a whopping eighty eight percent of their allocation,

95
00:05:20,080 --> 00:05:25,960
Speaker 2: far exceeding historical norms. Analysis characterized the auction as quote

96
00:05:26,120 --> 00:05:31,400
Speaker 2: extremely strong, very strong, and unprecedented, depending on who you

97
00:05:31,560 --> 00:05:34,240
Speaker 2: talk to. Now, at the same time this was all

98
00:05:34,279 --> 00:05:37,640
Speaker 2: going on, Donald Trump said on social media that he

99
00:05:37,680 --> 00:05:40,480
Speaker 2: would pause the tariff hikes for ninety days on countries

100
00:05:40,520 --> 00:05:43,919
Speaker 2: that were not retaliating against US tariff's announced last week.

101
00:05:44,320 --> 00:05:48,360
Speaker 2: The ten percent baseline tariff, he said, will remain for days.

102
00:05:48,480 --> 00:05:52,039
Speaker 2: Wall Street had been gripped by panic, especially from the

103
00:05:52,080 --> 00:05:55,520
Speaker 2: media and the left, that Trump's tariff offensive would spark

104
00:05:55,560 --> 00:06:00,479
Speaker 2: an American sellout or a sell America route, with foreign creditors,

105
00:06:00,839 --> 00:06:05,520
Speaker 2: especially China and Japan, dumping treasuries. Yields on the ten

106
00:06:05,640 --> 00:06:10,239
Speaker 2: years surge more than sixty basis points over four days,

107
00:06:10,560 --> 00:06:13,760
Speaker 2: the biggest move since the financial crisis back in two

108
00:06:13,839 --> 00:06:17,640
Speaker 2: thousand and eight. Talk of a liquidity crunch and emergency

109
00:06:17,640 --> 00:06:22,279
Speaker 2: fed intervention. We're even dominating the doomsdayers and their headlines

110
00:06:22,279 --> 00:06:28,600
Speaker 2: in propaganda. Well, the Treasury Secretary Scott descent urged calm, saying, quote,

111
00:06:28,760 --> 00:06:33,120
Speaker 2: there are some very large leverage players who are experiencing losses.

112
00:06:33,920 --> 00:06:38,800
Speaker 2: They are having to deleverage. I believe there's nothing systemic

113
00:06:38,960 --> 00:06:42,240
Speaker 2: about this. Let me tell you about Patriot Mobile real quick.

114
00:06:42,279 --> 00:06:44,960
Speaker 2: If you've got a cell phone and your cell phone

115
00:06:45,560 --> 00:06:48,040
Speaker 2: is not with Patriot Mobile, then the question I gotta

116
00:06:48,040 --> 00:06:52,159
Speaker 2: ask you is why why have you not made the switch? Well,

117
00:06:52,640 --> 00:06:55,680
Speaker 2: you should make the switch, and the deal is really easy.

118
00:06:56,160 --> 00:06:59,960
Speaker 2: You get cutting edge technology. Switching has never been easier.

119
00:07:00,040 --> 00:07:03,080
Speaker 2: There's no store visits, no hassles. You get to keep

120
00:07:03,120 --> 00:07:05,000
Speaker 2: your same phone number you have right now. You get

121
00:07:05,040 --> 00:07:07,160
Speaker 2: to keep your same phone you've got now, or upgrade

122
00:07:07,200 --> 00:07:09,640
Speaker 2: to a new one and they have a one hundred

123
00:07:09,680 --> 00:07:12,920
Speaker 2: percent US based team that can activate you literally in minutes.

124
00:07:13,480 --> 00:07:15,800
Speaker 2: The other thing that I love about Patriot Mobile is

125
00:07:15,840 --> 00:07:19,280
Speaker 2: this they have access to all three major networks, meaning

126
00:07:19,720 --> 00:07:22,640
Speaker 2: you get exceptional nationwide coverage.

127
00:07:22,920 --> 00:07:25,200
Speaker 1: I use Patriot Mobile and half for years.

128
00:07:25,560 --> 00:07:28,679
Speaker 2: They can even put a second number on a different

129
00:07:28,720 --> 00:07:30,720
Speaker 2: network on your phone.

130
00:07:30,800 --> 00:07:33,320
Speaker 1: It's like carrying two phones in one. You can have

131
00:07:33,400 --> 00:07:36,560
Speaker 1: a work number and a personal number. It's amazing.

132
00:07:36,800 --> 00:07:42,120
Speaker 2: They have unlimited data plans, mobile hotspots, international roaming, internet

133
00:07:42,200 --> 00:07:45,320
Speaker 2: on the go devices, and home internet backup as well.

134
00:07:45,680 --> 00:07:49,400
Speaker 2: You can get all of this from Patriot Mobile. So

135
00:07:49,560 --> 00:07:52,840
Speaker 2: why are you waiting? Make the switch today? And by

136
00:07:52,880 --> 00:07:55,240
Speaker 2: the way, when you pay your bill, you know that

137
00:07:55,320 --> 00:07:57,440
Speaker 2: about five percent of that bill every month is going

138
00:07:57,560 --> 00:08:01,360
Speaker 2: back to support conservative causes. Causes that stand for our

139
00:08:01,360 --> 00:08:04,920
Speaker 2: First or Second Amendment rights, the rights of unborn children,

140
00:08:05,160 --> 00:08:08,480
Speaker 2: and they stand with our veterans, our first responders, our

141
00:08:08,480 --> 00:08:11,800
Speaker 2: police and firemen, are EMTs and are wounded warriors.

142
00:08:12,040 --> 00:08:14,160
Speaker 1: So make a difference with every call you make.

143
00:08:14,480 --> 00:08:19,760
Speaker 2: So right now, go to Patriotmobile dot com, slash ferguson

144
00:08:20,280 --> 00:08:23,000
Speaker 2: or call them nine to seven to two. Patriot You're

145
00:08:23,040 --> 00:08:24,840
Speaker 2: going to get a free month of service with a

146
00:08:24,880 --> 00:08:27,880
Speaker 2: promo code ferguson. So switch to Patriot Mobile and make

147
00:08:27,920 --> 00:08:31,320
Speaker 2: a difference with every call you make Patriot Mobile dot

148
00:08:31,360 --> 00:08:35,240
Speaker 2: com slash ferguson or nine to seven to two Patriot Now.

149
00:08:35,280 --> 00:08:39,680
Speaker 2: The auction also vindicated that view demand was broad and deep,

150
00:08:40,200 --> 00:08:44,200
Speaker 2: undercutting claims that foreign buyers were staging a boycott of

151
00:08:44,240 --> 00:08:48,959
Speaker 2: the US Treasury. Prices also rose sharply after the results,

152
00:08:49,360 --> 00:08:54,000
Speaker 2: and yields fell back from crisis levels. Stocks then followed suit,

153
00:08:54,600 --> 00:08:59,160
Speaker 2: surging across the board as investors reassessed the risk outlook now.

154
00:08:59,200 --> 00:09:04,080
Speaker 2: The turnaround came just one day after a disappointing three

155
00:09:04,160 --> 00:09:08,400
Speaker 2: year auction had amplified fears of collapsing demand.

156
00:09:08,640 --> 00:09:10,160
Speaker 1: Again that's how the media put it.

157
00:09:10,600 --> 00:09:15,080
Speaker 2: Analysts then started warning of a potential demand strike driven

158
00:09:15,160 --> 00:09:17,880
Speaker 2: by Trump's tariffs, high inflation.

159
00:09:17,679 --> 00:09:19,439
Speaker 1: And rising deficits.

160
00:09:19,480 --> 00:09:22,640
Speaker 2: Some even speculated that the FED might have to intervene

161
00:09:22,679 --> 00:09:25,560
Speaker 2: to stabilize the markets with what they were trying to

162
00:09:25,559 --> 00:09:30,640
Speaker 2: describe as a quote bailout. Instead, investors showed up in

163
00:09:30,880 --> 00:09:35,720
Speaker 2: record number with record force, reaffirming confidence in US debt

164
00:09:36,120 --> 00:09:39,320
Speaker 2: and sending a message at America's capital markets remained the

165
00:09:39,320 --> 00:09:43,960
Speaker 2: most trusted in the world. Even amid a global trade realignment,

166
00:09:44,240 --> 00:09:48,199
Speaker 2: people wanted their money in America. The bond market now

167
00:09:48,240 --> 00:09:52,480
Speaker 2: turns its attention to Thursday's thirty year auction. But after

168
00:09:52,559 --> 00:09:55,920
Speaker 2: what we're seeing right now, Wall Street's mood has clearly

169
00:09:56,000 --> 00:10:01,720
Speaker 2: shifted from panic to almost overwhelming common confidence. Now China,

170
00:10:01,800 --> 00:10:05,520
Speaker 2: by the way, is striking back at Trump. They are saying,

171
00:10:05,640 --> 00:10:08,120
Speaker 2: let's go to tariff wars if you want to.

172
00:10:08,640 --> 00:10:09,920
Speaker 1: We're not backing down.

173
00:10:10,400 --> 00:10:13,319
Speaker 2: This is also isolating China, which is part of the

174
00:10:13,679 --> 00:10:17,160
Speaker 2: big plan by Donald Trump. China strikes back at Trump

175
00:10:17,200 --> 00:10:21,400
Speaker 2: with immediate eighty four percent tariffs on US goods. They're

176
00:10:21,440 --> 00:10:24,280
Speaker 2: slamping that eighty four percent tariff on US goods from

177
00:10:24,400 --> 00:10:29,760
Speaker 2: Thursday on ramping the impost. Beijing hurried their move to

178
00:10:30,000 --> 00:10:33,679
Speaker 2: just the latest debacle in their international trade war, sparked

179
00:10:33,679 --> 00:10:36,800
Speaker 2: by President Donald Trump. This is their words, and they said,

180
00:10:36,800 --> 00:10:40,640
Speaker 2: we had no choice but to stand up for China. Well,

181
00:10:40,720 --> 00:10:42,880
Speaker 2: that's not even going over well with a guy by

182
00:10:42,880 --> 00:10:45,720
Speaker 2: the name of Kevin O'Leary, you know him from Shark Tank,

183
00:10:45,840 --> 00:10:46,800
Speaker 2: is mister wonderful.

184
00:10:47,160 --> 00:10:49,600
Speaker 1: Here's what he said on CNN.

185
00:10:49,559 --> 00:10:52,560
Speaker 5: One hundred and four percent tariffs in China are not enough.

186
00:10:52,800 --> 00:10:56,840
Speaker 5: I'm advocating four hundred percent. I do business in China.

187
00:10:56,960 --> 00:10:58,559
Speaker 5: They don't play by the rules. They've been in the

188
00:10:58,760 --> 00:11:01,760
Speaker 5: whil for decades. They have never abided by any of

189
00:11:01,800 --> 00:11:04,360
Speaker 5: the rules they agreed to when they came in for decades.

190
00:11:04,640 --> 00:11:07,480
Speaker 5: They cheat, they steal, they steal ip I can't litigate

191
00:11:07,480 --> 00:11:11,960
Speaker 5: in their courts. They take product, technology, they steal it,

192
00:11:12,040 --> 00:11:16,120
Speaker 5: they manufacture it and sell it back. Here never has

193
00:11:16,160 --> 00:11:22,280
Speaker 5: an administrator. I want Chia on an airplane to Washington

194
00:11:22,559 --> 00:11:26,240
Speaker 5: to level the playing field. This is not about tariffs anymore.

195
00:11:26,840 --> 00:11:31,000
Speaker 5: Nobody has taken on China yet, not the Europeans, no administration.

196
00:11:31,160 --> 00:11:31,960
Speaker 1: For decades.

197
00:11:32,360 --> 00:11:35,640
Speaker 5: As someone who actually does business there, I've had enough.

198
00:11:35,720 --> 00:11:39,360
Speaker 5: I speak for millions of Americans who have ip that

199
00:11:39,440 --> 00:11:43,560
Speaker 5: have been stolen by the Chinese. I have nothing against

200
00:11:43,600 --> 00:11:48,200
Speaker 5: the Chinese people. They brought great literacy, art, and tech

201
00:11:48,280 --> 00:11:53,400
Speaker 5: to the world. The government cheats and steals, and finally

202
00:11:53,840 --> 00:11:56,080
Speaker 5: an administration. You may not like Trump, you may not

203
00:11:56,240 --> 00:12:00,280
Speaker 5: like his style or his rhetoric. Finally an administration that

204
00:12:00,360 --> 00:12:06,000
Speaker 5: puts up and says enough four hundred percent tariffs. Tomorrow morning,

205
00:12:07,040 --> 00:12:09,880
Speaker 5: he'll tell you why she can only stay the supreme

206
00:12:09,960 --> 00:12:14,440
Speaker 5: leader if people are employed. If we wipe out any

207
00:12:14,520 --> 00:12:17,720
Speaker 5: business there. Because we are still thirty nine percent of

208
00:12:17,800 --> 00:12:20,719
Speaker 5: all consumables on Earth and twenty five percent of the

209
00:12:20,720 --> 00:12:24,360
Speaker 5: world's GDP, America is the number one economy on Earth

210
00:12:24,400 --> 00:12:26,440
Speaker 5: with all the cards. We will not have that forever.

211
00:12:26,880 --> 00:12:29,760
Speaker 5: It's time to squeeze Chinese heads into the wall.

212
00:12:30,400 --> 00:12:31,520
Speaker 1: Now, well, hold on.

213
00:12:32,559 --> 00:12:35,360
Speaker 6: I hear you, But hold on. If we're talking about people,

214
00:12:36,200 --> 00:12:40,079
Speaker 6: the average consumer, not necessarily the head honchos of businesses

215
00:12:40,080 --> 00:12:44,120
Speaker 6: all across the globe. Can they withstand the pressure of

216
00:12:44,320 --> 00:12:47,240
Speaker 6: that sort of tax on the good land?

217
00:12:47,559 --> 00:12:48,000
Speaker 1: There will be.

218
00:12:48,200 --> 00:12:50,480
Speaker 6: But yeah, but what's your timeline compared to You don't

219
00:12:50,480 --> 00:12:53,640
Speaker 6: know the average Americans timeline, what they can actually survive.

220
00:12:53,679 --> 00:12:54,720
Speaker 1: There's people right now.

221
00:12:54,600 --> 00:12:57,360
Speaker 5: Who can serve one hundred percent Tomorrow morning, cheese on

222
00:12:57,400 --> 00:12:59,240
Speaker 5: an airplane to Washington to cut a deal.

223
00:12:59,679 --> 00:13:02,000
Speaker 2: You go go back to what O'Leary says here, and

224
00:13:02,559 --> 00:13:06,079
Speaker 2: he says, number one, this is not about tariffs anymore.

225
00:13:06,440 --> 00:13:10,280
Speaker 2: Nobody has taken on China yet, not the Europeans, no

226
00:13:10,440 --> 00:13:14,520
Speaker 2: administration for decades, and someone who actually does business there,

227
00:13:14,640 --> 00:13:15,360
Speaker 2: I've had enough.

228
00:13:15,400 --> 00:13:17,000
Speaker 1: Like he's in business in China.

229
00:13:17,080 --> 00:13:20,959
Speaker 2: O'Leary says, he said, then the government referring.

230
00:13:20,559 --> 00:13:22,360
Speaker 1: To China cheats and steals.

231
00:13:22,720 --> 00:13:25,559
Speaker 2: And finally, you may not like Trump, you may not

232
00:13:25,760 --> 00:13:29,080
Speaker 2: like his style, you may not like his rhetoric. Finally,

233
00:13:29,120 --> 00:13:33,640
Speaker 2: you have a US administration that puts up and says enough.

234
00:13:34,320 --> 00:13:38,640
Speaker 2: He's also absolutely right about the bigger, broader play here

235
00:13:39,080 --> 00:13:41,240
Speaker 2: that Donald Trump is clearly trying to do with China.

236
00:13:41,320 --> 00:13:43,960
Speaker 1: He says, he can only stay the Supreme leader.

237
00:13:43,679 --> 00:13:47,440
Speaker 2: If people are employed, if we wiped out any business there,

238
00:13:47,880 --> 00:13:51,600
Speaker 2: because we are still thirty nine percent of all consumables

239
00:13:51,640 --> 00:13:54,600
Speaker 2: on Earth. America is the number one economy on Earth

240
00:13:54,679 --> 00:13:57,960
Speaker 2: with all the cards, we will not have that forever.

241
00:13:58,440 --> 00:14:01,240
Speaker 2: So as he said, it's time to squeeze Chinese heads

242
00:14:01,320 --> 00:14:04,360
Speaker 2: into the wall. That is exactly, by the way, what

243
00:14:04,440 --> 00:14:07,480
Speaker 2: Donald Trump understands as well. Now the left in the media,

244
00:14:07,880 --> 00:14:11,040
Speaker 2: they can't stand the fact that a business guy like

245
00:14:11,080 --> 00:14:16,520
Speaker 2: O'Leary is saying this because it basically takes their arguments

246
00:14:16,559 --> 00:14:20,440
Speaker 2: away that he's reckless, that he's going to destroy the economy,

247
00:14:20,480 --> 00:14:22,320
Speaker 2: that he's going to start World War three, that we're

248
00:14:22,320 --> 00:14:24,080
Speaker 2: going to get punished to the American people, we're going

249
00:14:24,120 --> 00:14:28,120
Speaker 2: to suffer right, all of these things. It takes it

250
00:14:28,160 --> 00:14:31,800
Speaker 2: all off the table. Now, I go back to why

251
00:14:31,840 --> 00:14:35,440
Speaker 2: Donald Trump is doing this. He sees China as a

252
00:14:35,560 --> 00:14:43,240
Speaker 2: national security threat. More than anything else, he sees China

253
00:14:44,040 --> 00:14:49,600
Speaker 2: as a national security threat. And so what he's trying

254
00:14:49,640 --> 00:14:53,520
Speaker 2: to do is he's trying to isolate China. He's trying

255
00:14:53,600 --> 00:14:58,040
Speaker 2: to make sure that China is on an island by itself,

256
00:14:58,120 --> 00:15:02,880
Speaker 2: and everyone else under understands that America is in fact.

257
00:15:02,760 --> 00:15:04,200
Speaker 1: On your side.

258
00:15:06,160 --> 00:15:09,640
Speaker 2: I also think you got to go back to another

259
00:15:09,720 --> 00:15:11,640
Speaker 2: point here, and I want to play this for you

260
00:15:11,640 --> 00:15:14,480
Speaker 2: because I think it's an important point. The White House

261
00:15:14,520 --> 00:15:17,040
Speaker 2: has said from the very beginning, we're gonna do deals

262
00:15:17,080 --> 00:15:19,840
Speaker 2: with good actors, and we're gonna hold those that refuse

263
00:15:19,960 --> 00:15:20,920
Speaker 2: to be good actors.

264
00:15:21,400 --> 00:15:24,800
Speaker 1: What are we gonna do. We're gonna hold them to account.

265
00:15:25,480 --> 00:15:28,800
Speaker 2: Listen to Secretary Bescent at the White House walking out

266
00:15:28,960 --> 00:15:31,320
Speaker 2: talking about all this, and when he walked out there,

267
00:15:31,400 --> 00:15:35,800
Speaker 2: the Dow was up twenty one hundred points or five

268
00:15:35,880 --> 00:15:39,440
Speaker 2: point six seven percent. Here is what Bissett said about

269
00:15:39,480 --> 00:15:43,080
Speaker 2: these seventy five countries. It's the Treasury secretary who want

270
00:15:43,120 --> 00:15:44,920
Speaker 2: to negotiate with America.

271
00:15:45,360 --> 00:15:49,720
Speaker 7: As I said, We've given ninety days, and the only

272
00:15:49,760 --> 00:15:52,040
Speaker 7: certainty we can provide is that the US is going

273
00:15:52,120 --> 00:15:55,480
Speaker 7: to negotiate in good faith, and we assume that our

274
00:15:55,520 --> 00:16:00,200
Speaker 7: allies will too. And so in terms of certainty, we

275
00:16:00,280 --> 00:16:03,520
Speaker 7: will see what China does. But what I am certain of,

276
00:16:03,880 --> 00:16:06,880
Speaker 7: what I'm certain of is that what China is doing

277
00:16:07,280 --> 00:16:10,640
Speaker 7: will affect their economy much more than a will ours,

278
00:16:10,920 --> 00:16:14,720
Speaker 7: because they have an export driven flood the world with

279
00:16:15,040 --> 00:16:19,160
Speaker 7: cheap export models. And the rest of the world now

280
00:16:19,360 --> 00:16:23,280
Speaker 7: understands because when we put up our tear pool, those

281
00:16:23,360 --> 00:16:26,360
Speaker 7: exports were already flowing to the rest of the G

282
00:16:26,560 --> 00:16:29,360
Speaker 7: seven and to the global ceuth And this is January

283
00:16:29,400 --> 00:16:29,640
Speaker 7: where we.

284
00:16:29,680 --> 00:16:32,360
Speaker 5: Was just silvery how much of this decision was driven

285
00:16:32,440 --> 00:16:37,440
Speaker 5: by the bond market creatoring overnight what case happening block China's.

286
00:16:37,120 --> 00:16:38,080
Speaker 1: Selling their bond.

287
00:16:39,200 --> 00:16:41,320
Speaker 7: I am nothing that says that, and we actually had

288
00:16:41,400 --> 00:16:45,440
Speaker 7: quite a good tenure auction today. And all this was again,

289
00:16:45,840 --> 00:16:49,080
Speaker 7: this was driven by the President's strategy. He and I

290
00:16:49,120 --> 00:16:52,280
Speaker 7: had a long talk on Sunday, and this was his

291
00:16:52,440 --> 00:16:56,280
Speaker 7: strategy all along, and that you know, you might even

292
00:16:56,360 --> 00:17:00,760
Speaker 7: say that he go to China into a bad physician.

293
00:17:01,320 --> 00:17:05,040
Speaker 7: They responded, they have shown themselves to the world to

294
00:17:05,080 --> 00:17:08,959
Speaker 7: be the bad actors, and we are willing to cooperate

295
00:17:09,200 --> 00:17:13,280
Speaker 7: with our allies and with our trading partners who did

296
00:17:13,280 --> 00:17:17,520
Speaker 7: not retaliate. It wasn't a hard message. Don't retaliate, things

297
00:17:17,560 --> 00:17:18,280
Speaker 7: will turn not well.

298
00:17:18,920 --> 00:17:20,440
Speaker 1: It wasn't a hard message.

299
00:17:20,600 --> 00:17:25,760
Speaker 2: Don't retaliate right and things will end up well for you.

300
00:17:26,240 --> 00:17:29,800
Speaker 2: The countries that got that right are the ones that

301
00:17:29,880 --> 00:17:33,400
Speaker 2: are happy right now because of this pause, and the

302
00:17:33,520 --> 00:17:38,480
Speaker 2: countries that got it wrong, China specifically, they're now being

303
00:17:38,640 --> 00:17:41,959
Speaker 2: isolated and they're also being shown for what they actually

304
00:17:42,040 --> 00:17:42,440
Speaker 2: are now.

305
00:17:42,440 --> 00:17:44,359
Speaker 1: The media does not want you to understand that.

306
00:17:44,600 --> 00:17:49,200
Speaker 2: Okay, like the media does not want you to understand

307
00:17:49,359 --> 00:17:53,320
Speaker 2: just how big of the deal today is. And the

308
00:17:53,400 --> 00:17:56,680
Speaker 2: fact that Wall Street's announcing it this way are reacting,

309
00:17:56,720 --> 00:17:59,720
Speaker 2: I should say this way to the announcement is truly incredible.

310
00:18:00,720 --> 00:18:03,879
Speaker 2: I also love how many people have just gotten it wrong.

311
00:18:04,880 --> 00:18:08,639
Speaker 2: John Bolton, who's an anti Trump guy, on CNN talking

312
00:18:08,640 --> 00:18:11,800
Speaker 2: about China, he said on the tariffs that this is

313
00:18:11,880 --> 00:18:16,840
Speaker 2: quote economic illiteracy, really economic illiteracy.

314
00:18:17,320 --> 00:18:19,920
Speaker 1: Well, then explain what just happened.

315
00:18:20,160 --> 00:18:22,080
Speaker 2: And this is the reason why I don't trust these

316
00:18:22,520 --> 00:18:25,080
Speaker 2: neo con warmongers like John Bolton.

317
00:18:25,280 --> 00:18:28,280
Speaker 8: China's embassy in Washington released a statement, it urges the

318
00:18:28,280 --> 00:18:31,560
Speaker 8: White House to quote immediately correct its wrongdoings end quote,

319
00:18:31,600 --> 00:18:34,480
Speaker 8: warning that China's response, if American tariffs stay in place,

320
00:18:34,800 --> 00:18:38,080
Speaker 8: will quote continue to the end. Perspectively, now from former

321
00:18:38,119 --> 00:18:40,320
Speaker 8: you and investor John Bolton, who served as National security

322
00:18:40,359 --> 00:18:43,200
Speaker 8: advisor in the first Trump administration, in Richard quest seen

323
00:18:43,240 --> 00:18:46,439
Speaker 8: in Business Editor at Large and anchor, Quest means business. So,

324
00:18:46,520 --> 00:18:48,680
Speaker 8: investor Bolton, I know you're not economists, but just from

325
00:18:48,720 --> 00:18:51,199
Speaker 8: a strategic perspective, do you think China is going to

326
00:18:51,200 --> 00:18:52,920
Speaker 8: blink and try to cut a deal with the White House?

327
00:18:53,359 --> 00:18:56,399
Speaker 9: It certainly doesn't look like it, But what Trump is

328
00:18:56,440 --> 00:18:58,840
Speaker 9: doing is a huge opportunity for China.

329
00:18:58,920 --> 00:18:59,440
Speaker 1: Worldwide.

330
00:19:00,119 --> 00:19:04,560
Speaker 9: Tariffs are a form of economic illiteracy. Trump has no

331
00:19:04,680 --> 00:19:08,360
Speaker 9: idea really what he's talking about. He doesn't understand how

332
00:19:08,440 --> 00:19:11,240
Speaker 9: tariffs works. He has said as recently as a few

333
00:19:11,280 --> 00:19:15,000
Speaker 9: days ago, he'd used trade surpluses and deficits as like

334
00:19:15,040 --> 00:19:17,920
Speaker 9: a profit and loss statement, which they certainly are not.

335
00:19:19,000 --> 00:19:21,760
Speaker 9: So what he's doing has put us in a very

336
00:19:21,840 --> 00:19:26,879
Speaker 9: vulnerable position, and probably in the worst position possible to

337
00:19:27,000 --> 00:19:31,320
Speaker 9: go after the real country problem in the international trading system,

338
00:19:31,359 --> 00:19:34,960
Speaker 9: which is China, instead of taking on the country that's

339
00:19:35,400 --> 00:19:38,880
Speaker 9: stolen our intellectual property for decades, among other things, by

340
00:19:38,960 --> 00:19:42,720
Speaker 9: gathering our allies together, all of whom also suffer from

341
00:19:42,840 --> 00:19:47,960
Speaker 9: China's intellectual property theft and engaging in concerted action. We're

342
00:19:48,000 --> 00:19:51,080
Speaker 9: at war with our largest trading partners while we're about

343
00:19:51,080 --> 00:19:53,399
Speaker 9: to go to war with China as well. It simply

344
00:19:53,440 --> 00:19:57,239
Speaker 9: makes no sense. And it's just sad and depressing that

345
00:19:57,320 --> 00:20:01,200
Speaker 9: more Republicans haven't stood up and said that this is illiteracy.

346
00:20:01,720 --> 00:20:04,240
Speaker 1: It's he illiteracy. I tell you, I gotta say.

347
00:20:04,320 --> 00:20:06,919
Speaker 2: I love that these guys like John Bolton look like

348
00:20:07,000 --> 00:20:09,800
Speaker 2: such idiots right now, and we need to expose them

349
00:20:09,800 --> 00:20:12,440
Speaker 2: when they are because they hate Donald Trump so much

350
00:20:12,480 --> 00:20:15,040
Speaker 2: they can't understand even when he's winning, they should be

351
00:20:15,119 --> 00:20:18,280
Speaker 2: cheering for it. That's how much Trump derangement syndrome has

352
00:20:18,320 --> 00:20:20,879
Speaker 2: set in on these guys like John Bolton. He's angry,

353
00:20:20,920 --> 00:20:23,199
Speaker 2: he's not in this White House. He's angry. He's not

354
00:20:23,240 --> 00:20:25,359
Speaker 2: in the know. He's angry, he's not in the room.

355
00:20:26,000 --> 00:20:28,200
Speaker 2: And then he goes out on TV and says things

356
00:20:28,240 --> 00:20:30,320
Speaker 2: like this, when in fact, what he said is not

357
00:20:30,440 --> 00:20:35,359
Speaker 2: happening is literally exactly what just happened. We have allies now,

358
00:20:35,760 --> 00:20:39,359
Speaker 2: we have people talking, and we have an isolation of China.

359
00:20:39,960 --> 00:20:42,879
Speaker 2: So when these when these neo cons talk, laugh in

360
00:20:42,920 --> 00:20:44,400
Speaker 2: their face, do.

361
00:20:44,440 --> 00:20:45,000
Speaker 1: Me a favor.

362
00:20:45,080 --> 00:20:48,120
Speaker 2: Make sure you share this podcast with your family, your friends,

363
00:20:48,680 --> 00:20:50,760
Speaker 2: put it up on social media wherever you are on

364
00:20:50,800 --> 00:20:53,280
Speaker 2: social media, and I will see you back here tomorrow