1 00:00:01,120 --> 00:00:05,240 Speaker 1: Welcome in Clay Travis, Buck Sexton Show. Appreciate all of 2 00:00:05,280 --> 00:00:07,720 Speaker 1: you hanging out with us as we were rolling in 3 00:00:07,960 --> 00:00:12,560 Speaker 1: on a Thursday edition of the program. All Right, we 4 00:00:12,640 --> 00:00:16,680 Speaker 1: got a lot of breaking news, many of you wondering, 5 00:00:16,720 --> 00:00:20,240 Speaker 1: and we are still waiting for the biggest breaking news 6 00:00:20,320 --> 00:00:24,400 Speaker 1: on the show, which is Buck and Carrie Sexton and 7 00:00:24,480 --> 00:00:28,720 Speaker 1: the baby update. Last night they said, hey, actually we 8 00:00:28,800 --> 00:00:32,040 Speaker 1: don't want you coming in tonight to deliver the baby. 9 00:00:32,360 --> 00:00:33,920 Speaker 2: They have gone in today. 10 00:00:34,840 --> 00:00:37,680 Speaker 1: Texting with Buck last night, I'm trying to stay out 11 00:00:37,720 --> 00:00:40,200 Speaker 1: of the line of fire here because I know, having 12 00:00:40,240 --> 00:00:43,159 Speaker 1: been through three deliveries, it's a little bit crazy. We 13 00:00:43,200 --> 00:00:48,760 Speaker 1: will update you as news arrives. But I told Buck 14 00:00:48,840 --> 00:00:52,000 Speaker 1: last night when they got the pass, like, hey, you 15 00:00:52,120 --> 00:00:54,400 Speaker 1: might as well watch Gladiator tonight. You don't have to 16 00:00:54,440 --> 00:00:57,600 Speaker 1: go in for the I'm sure Carrie couldn't be any 17 00:00:57,640 --> 00:01:00,680 Speaker 1: more excited. She's got another night at home nine pregnant. 18 00:01:00,760 --> 00:01:04,120 Speaker 1: You guys should definitely crank up Gladiator. Maybe maybe Brave Heart, 19 00:01:04,160 --> 00:01:07,480 Speaker 1: maybe you can double down. So we will update you 20 00:01:07,600 --> 00:01:11,680 Speaker 1: on Baby Watch twenty twenty five as we get updates here. 21 00:01:11,760 --> 00:01:14,560 Speaker 1: But the result is I am with you solo at 22 00:01:14,640 --> 00:01:17,839 Speaker 1: least for today and tomorrow. Don't know how long Buck 23 00:01:17,880 --> 00:01:20,840 Speaker 1: will stay out with the baby coming, But that is 24 00:01:21,400 --> 00:01:22,120 Speaker 1: that update. 25 00:01:22,240 --> 00:01:22,600 Speaker 2: All right. 26 00:01:23,080 --> 00:01:26,360 Speaker 1: A lot of different news stories going on right now. 27 00:01:26,480 --> 00:01:30,360 Speaker 1: Let me hit you with the absolute latest. Positive. Inflation 28 00:01:30,800 --> 00:01:34,520 Speaker 1: is softening. It has hit the lowest rate two point 29 00:01:34,600 --> 00:01:41,040 Speaker 1: four percent since COVID. Basically it has actually turned negative, 30 00:01:41,200 --> 00:01:45,160 Speaker 1: which is very positive. We will break all that down. 31 00:01:45,280 --> 00:01:50,360 Speaker 1: That is this morning's news. A budget resolution has passed 32 00:01:50,400 --> 00:01:55,440 Speaker 1: the House, which will allow us to theoretically get one 33 00:01:55,720 --> 00:02:01,720 Speaker 1: big beautiful bill from the from the House and the Senate. 34 00:02:02,120 --> 00:02:06,440 Speaker 1: They will now move into reconciliation. It passed two sixteen 35 00:02:06,960 --> 00:02:11,760 Speaker 1: to fourteen after it was held over last night, and 36 00:02:11,960 --> 00:02:15,160 Speaker 1: so we are going to get the tax cut. All 37 00:02:15,240 --> 00:02:18,440 Speaker 1: of that. The details need to be hammered out. That 38 00:02:18,800 --> 00:02:25,639 Speaker 1: is on its way. Also, we have further an addition 39 00:02:26,400 --> 00:02:31,359 Speaker 1: of the tariffs coming down on China. One hundred and 40 00:02:31,400 --> 00:02:35,960 Speaker 1: forty five percent is now the tariff level that Trump 41 00:02:36,000 --> 00:02:40,160 Speaker 1: has put on too China. Yesterday, the stock market had 42 00:02:40,280 --> 00:02:45,080 Speaker 1: an absolute record day after a ninety day pause was 43 00:02:45,080 --> 00:02:49,760 Speaker 1: put into place on the tariffs for every other country. 44 00:02:50,280 --> 00:02:54,760 Speaker 1: But Trump now continues to escalate the China trade war. 45 00:02:54,840 --> 00:02:58,520 Speaker 1: He has isolated China, and the tariff is now up 46 00:02:58,880 --> 00:03:04,679 Speaker 1: to one hundred and forty five percent onto China. Stocks 47 00:03:04,720 --> 00:03:08,800 Speaker 1: have begun to backtrack as Trump is saying that China 48 00:03:09,040 --> 00:03:13,520 Speaker 1: is the worst trade abuser in history. So all of 49 00:03:13,560 --> 00:03:19,519 Speaker 1: that is underway, many different aspects of breaking news associated 50 00:03:19,600 --> 00:03:25,079 Speaker 1: with it, and so all of those right now underway again. 51 00:03:25,560 --> 00:03:29,080 Speaker 1: Stock market has turned negative. It has been a absolute 52 00:03:29,200 --> 00:03:33,760 Speaker 1: roller coaster for everybody paying attention to the trade. Yesterday 53 00:03:34,360 --> 00:03:38,560 Speaker 1: was the best day that we have seen percentage wise 54 00:03:39,120 --> 00:03:41,720 Speaker 1: nearly in the history of the stock market. But as 55 00:03:41,760 --> 00:03:43,960 Speaker 1: I am talking to you right now, to the extent 56 00:03:44,000 --> 00:03:47,600 Speaker 1: that I am now also a financial news analyst, the 57 00:03:47,720 --> 00:03:50,040 Speaker 1: S and P five hundred down about four and a 58 00:03:50,120 --> 00:03:55,680 Speaker 1: half percent after raising rising itself nearly ten percent yesterday. 59 00:03:55,760 --> 00:03:59,720 Speaker 1: So all of that going on right now, we do 60 00:03:59,800 --> 00:04:02,400 Speaker 1: have we have some audio clips to put into context. 61 00:04:02,520 --> 00:04:04,800 Speaker 1: Let me put that all into context for you. First 62 00:04:05,080 --> 00:04:09,600 Speaker 1: cut one, this was Stuart Varney saying inflation softening. It's 63 00:04:09,640 --> 00:04:12,920 Speaker 1: now at two point four percent. That is lower than 64 00:04:12,960 --> 00:04:13,920 Speaker 1: the expected rate. 65 00:04:14,160 --> 00:04:16,880 Speaker 3: Let's take a big, deep breath. There's a whirl wind 66 00:04:16,960 --> 00:04:19,800 Speaker 3: coming at you and your money. We'll start with inflation. 67 00:04:20,360 --> 00:04:24,320 Speaker 3: Last month, consumer prices went down zero point one percent 68 00:04:24,680 --> 00:04:27,839 Speaker 3: in the last year, they're up only two point four percent. 69 00:04:27,920 --> 00:04:31,320 Speaker 3: Those are favorable numbers. Inflation is softening. 70 00:04:32,360 --> 00:04:35,880 Speaker 1: Okay, So inflation softening, hitting a four year low. 71 00:04:36,400 --> 00:04:36,679 Speaker 2: Uh. 72 00:04:36,720 --> 00:04:39,800 Speaker 1: And also this was CNN pointing out as you heard 73 00:04:39,880 --> 00:04:45,320 Speaker 1: Stuart Varney say, there, actually prices have actually gone down. 74 00:04:45,880 --> 00:04:50,040 Speaker 1: This is cut twenty four, which is an updated version 75 00:04:50,279 --> 00:04:51,839 Speaker 1: of what CNN is saying. 76 00:04:51,880 --> 00:04:52,520 Speaker 2: Listen to this. 77 00:04:52,480 --> 00:04:55,120 Speaker 4: Consumer prices month over month. So this was actually a 78 00:04:55,240 --> 00:04:58,159 Speaker 4: drop of point one percent, negative point one percent. 79 00:04:58,160 --> 00:05:00,960 Speaker 2: That's the first time we've seen that since COVID. 80 00:05:01,279 --> 00:05:04,080 Speaker 4: Year over year, the annual inflation rate was at two 81 00:05:04,200 --> 00:05:07,800 Speaker 4: point four percent. This was also better than expected and 82 00:05:07,920 --> 00:05:11,920 Speaker 4: a six month low, moving in the right direction. As 83 00:05:11,960 --> 00:05:14,960 Speaker 4: far as why this happened, there's a few drivers. One 84 00:05:15,040 --> 00:05:17,680 Speaker 4: thing that really played a role here, as you can 85 00:05:17,680 --> 00:05:19,480 Speaker 4: see the trend here at the inflation rate dipping a 86 00:05:19,480 --> 00:05:19,840 Speaker 4: little bit. 87 00:05:19,880 --> 00:05:21,360 Speaker 2: One of the drivers was energy. 88 00:05:21,720 --> 00:05:24,839 Speaker 4: The fact that gasoline prices did not move up like 89 00:05:24,920 --> 00:05:27,159 Speaker 4: they usually do in the month of March. 90 00:05:27,560 --> 00:05:28,480 Speaker 2: That really helped. 91 00:05:29,279 --> 00:05:34,400 Speaker 1: Okay, so that is the updated inflation numbers. Why does 92 00:05:34,440 --> 00:05:39,239 Speaker 1: this matter, Well, certainly, inflation got to nine percent under 93 00:05:39,320 --> 00:05:42,440 Speaker 1: Joe Biden. Remember it started off at one point eight 94 00:05:42,520 --> 00:05:46,119 Speaker 1: percent when he came into office in January of twenty 95 00:05:46,200 --> 00:05:50,960 Speaker 1: twenty one, rapidly skyrocketed to nine percent, and we have 96 00:05:51,000 --> 00:05:54,120 Speaker 1: been fighting the inflation battle since to bring it all 97 00:05:54,160 --> 00:05:57,159 Speaker 1: the way back down to now two point four percent. 98 00:05:57,240 --> 00:05:59,960 Speaker 1: Trump is arguing, and I think there is some base 99 00:06:00,480 --> 00:06:04,440 Speaker 1: in truth for this, that the overall interest rates set 100 00:06:04,520 --> 00:06:08,000 Speaker 1: by the Fed need to be dropped as well. Obviously, 101 00:06:08,040 --> 00:06:11,560 Speaker 1: that is why we're dealing with seven percent still ish 102 00:06:11,800 --> 00:06:15,040 Speaker 1: thirty year mortgage rates that many of you have got 103 00:06:15,080 --> 00:06:17,400 Speaker 1: in your lives that have locked you up and are 104 00:06:17,480 --> 00:06:19,839 Speaker 1: keeping you from moving into a new house or maybe 105 00:06:19,880 --> 00:06:22,720 Speaker 1: even putting your house on the market because you don't 106 00:06:22,760 --> 00:06:25,120 Speaker 1: want to give up the number that you got. Okay, 107 00:06:25,440 --> 00:06:28,040 Speaker 1: all of this is complicated. Let's go back into the 108 00:06:28,080 --> 00:06:33,120 Speaker 1: tariff universe. Here Trump was asked about why he decided 109 00:06:33,160 --> 00:06:36,760 Speaker 1: to put a ninety day pause in place. This is 110 00:06:36,760 --> 00:06:39,720 Speaker 1: something that we told you on the show. We thought 111 00:06:39,800 --> 00:06:42,440 Speaker 1: made a lot of sense. And Trump is saying, hey, 112 00:06:42,760 --> 00:06:48,000 Speaker 1: we are rewarding the countries that have not retaliated with 113 00:06:48,440 --> 00:06:52,280 Speaker 1: higher rates of tariffs. And here is Trump cut four 114 00:06:52,760 --> 00:06:56,440 Speaker 1: speaking to the press, saying he was watching the bond 115 00:06:56,520 --> 00:06:59,960 Speaker 1: market and he was concerned about how the bond mark 116 00:07:00,000 --> 00:07:01,080 Speaker 1: market was moving. 117 00:07:01,480 --> 00:07:02,280 Speaker 2: Listen to cut four. 118 00:07:02,600 --> 00:07:05,039 Speaker 5: I was watching the bond market. That bond market is 119 00:07:05,120 --> 00:07:07,080 Speaker 5: very tricky. I was watching it. But if you look 120 00:07:07,120 --> 00:07:10,440 Speaker 5: at it now, it's beautiful. The bond market right now 121 00:07:10,520 --> 00:07:13,560 Speaker 5: is beautiful. But yeah, I saw it last night where 122 00:07:13,560 --> 00:07:16,680 Speaker 5: people are getting a little queasy. I think everything had well. 123 00:07:16,840 --> 00:07:18,440 Speaker 2: The big move wasn't what I did today. 124 00:07:18,480 --> 00:07:21,000 Speaker 5: The big move was what I did on Liberation Day. 125 00:07:21,120 --> 00:07:24,120 Speaker 5: We had Liberation Day in America, were liberated from all 126 00:07:24,200 --> 00:07:25,400 Speaker 5: of the horrible deals. 127 00:07:25,120 --> 00:07:25,840 Speaker 6: That were made. 128 00:07:26,080 --> 00:07:29,360 Speaker 1: Okay, so that is Trump. Here's Trump as well. He 129 00:07:29,600 --> 00:07:34,280 Speaker 1: is asked, well, let's first see Trump has asked why 130 00:07:34,320 --> 00:07:38,040 Speaker 1: Democrats wanted tariffs in the past. If you've seen Nancy Pelosi, 131 00:07:38,080 --> 00:07:41,120 Speaker 1: if you've seen all of these other Democrats, Chuck Schumer 132 00:07:41,200 --> 00:07:44,800 Speaker 1: talk about the necessity for tariffs. Here is cut six. 133 00:07:45,200 --> 00:07:48,680 Speaker 1: Trump is praising a reporter who asked why Democrats wanted 134 00:07:48,720 --> 00:07:49,560 Speaker 1: tariffs back then. 135 00:07:49,680 --> 00:07:52,320 Speaker 2: Now they hate them Duck Humor and Nancy Pelosi. They've 136 00:07:52,320 --> 00:07:54,080 Speaker 2: been talking about tariffs for decades. 137 00:07:54,160 --> 00:07:57,520 Speaker 4: How come when these Democrat elifs want tariffs, everything's hunky jory. 138 00:07:57,640 --> 00:07:59,880 Speaker 7: But when President Trump wants tariffs all help breaks the 139 00:08:00,120 --> 00:08:01,360 Speaker 7: Do you see this double standard? 140 00:08:01,400 --> 00:08:05,480 Speaker 5: I love this guy, whoever the hell that is. That's 141 00:08:05,480 --> 00:08:08,920 Speaker 5: really I appreciate that question. No, Chuck, chumor Nancy, everybody 142 00:08:09,000 --> 00:08:10,840 Speaker 5: knew you how to do it, but they never had 143 00:08:10,840 --> 00:08:13,280 Speaker 5: the guts to do it. It does take guts. It 144 00:08:13,280 --> 00:08:15,280 Speaker 5: even takes guts for our country to go through it. 145 00:08:15,320 --> 00:08:17,320 Speaker 5: That's why I say, be cool. They would taking about 146 00:08:17,960 --> 00:08:20,680 Speaker 5: just be cool. It's gonna work out. It's gonna work out, 147 00:08:20,760 --> 00:08:23,600 Speaker 5: and it's it's working out. I can tell you working out, 148 00:08:24,440 --> 00:08:27,880 Speaker 5: maybe faster than I thought. But I said, it's you know, 149 00:08:29,120 --> 00:08:33,240 Speaker 5: it's gonna take a little conditioning. It's a transition to 150 00:08:33,880 --> 00:08:36,400 Speaker 5: it's really I think it's a transition to greatness. It's 151 00:08:36,400 --> 00:08:38,880 Speaker 5: gonna be greatness. Our country is going to be there'll 152 00:08:38,880 --> 00:08:42,200 Speaker 5: be nothing like it, and people investing in our country 153 00:08:42,240 --> 00:08:44,320 Speaker 5: they're going to do better than they've ever done before. 154 00:08:44,520 --> 00:08:48,000 Speaker 1: Okay, so let's talk about where we are right now. Effectively, 155 00:08:48,080 --> 00:08:51,920 Speaker 1: Trump has isolated China. The terif right on China, as 156 00:08:51,960 --> 00:08:54,839 Speaker 1: I said, has now been elevated to one hundred and 157 00:08:54,920 --> 00:09:00,320 Speaker 1: forty five percent. Every other country out there effectively is 158 00:09:00,360 --> 00:09:03,840 Speaker 1: in a tariff pause. They are negotiating. I think you 159 00:09:03,880 --> 00:09:06,920 Speaker 1: will see in the near future Trump start to announce 160 00:09:07,000 --> 00:09:14,520 Speaker 1: trade agreements with England, with Japan, with South Korea, Australia, 161 00:09:14,640 --> 00:09:18,280 Speaker 1: countries that we have strong relationships with. I don't think 162 00:09:18,360 --> 00:09:20,760 Speaker 1: it will take very long for those new deals to 163 00:09:20,800 --> 00:09:24,480 Speaker 1: go into place. In the meantime, what he has now 164 00:09:24,559 --> 00:09:27,960 Speaker 1: done is effectively announce hey, this is the United States 165 00:09:28,040 --> 00:09:31,160 Speaker 1: versus China. And he has isolated China so that they 166 00:09:31,200 --> 00:09:34,280 Speaker 1: are standing alone in terms of how this battle is 167 00:09:34,280 --> 00:09:38,080 Speaker 1: playing out. And he has elevated tariffs to now one 168 00:09:38,200 --> 00:09:42,760 Speaker 1: hundred and forty five percent on Chinese goods. This handcuffs 169 00:09:42,840 --> 00:09:48,840 Speaker 1: China in a substantial degree because China relies on exports 170 00:09:48,880 --> 00:09:52,240 Speaker 1: to the United States for a massive part of its 171 00:09:52,280 --> 00:09:56,440 Speaker 1: overall economic growth, and if China is not able to 172 00:09:56,520 --> 00:09:59,839 Speaker 1: move those exports to the United States, I believe Trump 173 00:09:59,880 --> 00:10:02,400 Speaker 1: is right here that China is going to have to 174 00:10:02,440 --> 00:10:05,960 Speaker 1: sue for peace, and we will get at some form 175 00:10:06,080 --> 00:10:09,880 Speaker 1: or fashion. In theory, a trade agreement that is fair 176 00:10:10,080 --> 00:10:13,960 Speaker 1: for America helps to protect American jobs and helps to 177 00:10:14,000 --> 00:10:18,439 Speaker 1: allow American business to more fairly compete with China. What 178 00:10:18,480 --> 00:10:22,440 Speaker 1: Trump has smartly done is he has recognized now that 179 00:10:22,559 --> 00:10:25,480 Speaker 1: every other country is coming to the table and that 180 00:10:25,559 --> 00:10:28,000 Speaker 1: we now are going to be in a position to 181 00:10:28,040 --> 00:10:31,760 Speaker 1: negotiate better deals there too as well. And here's what 182 00:10:31,880 --> 00:10:34,520 Speaker 1: I would also just continue to tell all of you. 183 00:10:35,040 --> 00:10:38,160 Speaker 1: I'm going to give you stock market updates here and there. 184 00:10:38,520 --> 00:10:42,040 Speaker 1: I understand this is not CNBC, this is not Fox Business. 185 00:10:42,559 --> 00:10:44,800 Speaker 1: But what I would encourage all of you to do 186 00:10:45,600 --> 00:10:48,920 Speaker 1: is recognize you don't buy and sell stocks, or at 187 00:10:49,000 --> 00:10:51,120 Speaker 1: least most of you should not on a day to 188 00:10:51,200 --> 00:10:55,360 Speaker 1: day basis. You shouldn't make emotional decisions when it comes 189 00:10:55,440 --> 00:10:57,800 Speaker 1: to your investments. And the analogy that I have made 190 00:10:58,040 --> 00:10:59,800 Speaker 1: that I think is a really good one is your house. 191 00:11:00,240 --> 00:11:03,480 Speaker 1: If you are fortunate enough to own a home, your 192 00:11:03,520 --> 00:11:07,439 Speaker 1: home has a fluctuating value. Any given day, it can 193 00:11:07,480 --> 00:11:10,679 Speaker 1: be up or down depending on whether someone is interested 194 00:11:10,720 --> 00:11:13,600 Speaker 1: in buying your house or not. You don't day trade 195 00:11:13,600 --> 00:11:18,120 Speaker 1: homes because you know that the home is the foundation. 196 00:11:18,600 --> 00:11:21,480 Speaker 1: You're not only owning an asset, it's also where your 197 00:11:21,520 --> 00:11:24,760 Speaker 1: family lives. It's where you put your head down at night. 198 00:11:25,360 --> 00:11:30,080 Speaker 1: You're not typically going to be selling your home and 199 00:11:30,160 --> 00:11:32,640 Speaker 1: worried about the cost on a day to day basis, 200 00:11:32,679 --> 00:11:35,040 Speaker 1: week to week basis, even month to month basis in 201 00:11:35,080 --> 00:11:39,600 Speaker 1: an ideal scenario, there are substantial costs associated with selling homes. 202 00:11:39,720 --> 00:11:42,600 Speaker 2: As a result, most people, the. 203 00:11:42,520 --> 00:11:46,160 Speaker 1: Best investment they ever make is buying a home, living 204 00:11:46,160 --> 00:11:48,840 Speaker 1: in that home, and being able one day to profit 205 00:11:48,920 --> 00:11:52,280 Speaker 1: on the increased value of that home. If you treat 206 00:11:52,320 --> 00:11:56,240 Speaker 1: your stocks like you treat your home, then you are 207 00:11:56,280 --> 00:11:58,360 Speaker 1: going to be in a far better position. And I'm 208 00:11:58,400 --> 00:12:00,880 Speaker 1: not telling you to do something different. Then what I do. 209 00:12:01,600 --> 00:12:04,520 Speaker 1: I buy s and P five hundred index funds. I 210 00:12:04,600 --> 00:12:09,760 Speaker 1: put them in basically my bank accounts, my investment accounts, 211 00:12:10,040 --> 00:12:14,040 Speaker 1: and I don't really touch them. And over time, you 212 00:12:14,080 --> 00:12:16,240 Speaker 1: are going to make eight or nine percent a year 213 00:12:16,320 --> 00:12:19,160 Speaker 1: on that, and every ten years your money's gonna double. 214 00:12:20,559 --> 00:12:24,760 Speaker 1: If you do that, you are betting on American growth 215 00:12:24,800 --> 00:12:30,920 Speaker 1: and the exceptionalism and the capitalistic dynamism of the entire 216 00:12:31,080 --> 00:12:35,120 Speaker 1: United States, and you don't have to worry about day 217 00:12:35,160 --> 00:12:38,400 Speaker 1: to day market fluctuations in price. That's what I would 218 00:12:38,440 --> 00:12:42,120 Speaker 1: encourage you to do, because emotion often leads you to 219 00:12:42,160 --> 00:12:45,800 Speaker 1: make poor choices, and if you make poor choices, then 220 00:12:45,920 --> 00:12:49,200 Speaker 1: ultimately you and your family end up bearing the brunt 221 00:12:49,200 --> 00:12:51,840 Speaker 1: of those poor choices. What do I mean by poor choices, 222 00:12:52,160 --> 00:12:56,000 Speaker 1: I mean, by and large, what often happens is people 223 00:12:56,160 --> 00:12:59,679 Speaker 1: sell at the absolute bottom of the market and they 224 00:12:59,720 --> 00:13:02,800 Speaker 1: buy at the absolute top of the market. If you 225 00:13:03,080 --> 00:13:05,360 Speaker 1: just keep your assets. And by the way, people say, oh, Clay, 226 00:13:05,360 --> 00:13:08,160 Speaker 1: you've got more. So what I'm doing the same thing 227 00:13:08,240 --> 00:13:11,040 Speaker 1: now as I did a decade ago when I had 228 00:13:11,040 --> 00:13:13,200 Speaker 1: a negative net worth, when I still had a lot 229 00:13:13,200 --> 00:13:16,080 Speaker 1: of school loans that I was paying off. It doesn't 230 00:13:16,120 --> 00:13:19,680 Speaker 1: matter whether you have five hundred dollars to invest or 231 00:13:19,800 --> 00:13:23,200 Speaker 1: five hundred million dollars to invest. What I would be 232 00:13:23,280 --> 00:13:27,160 Speaker 1: telling you is the exact same advice. We'll take your calls. 233 00:13:27,160 --> 00:13:28,839 Speaker 1: We've got a couple of great guests coming your way, 234 00:13:28,880 --> 00:13:32,480 Speaker 1: Steven Moore. We're trying to get economic experts on the program. 235 00:13:32,640 --> 00:13:36,079 Speaker 1: Yesterday we had doctor Art Laugher of the Laugher Curve, 236 00:13:36,120 --> 00:13:39,720 Speaker 1: one of the foremost American economists in the entire country, 237 00:13:39,920 --> 00:13:42,840 Speaker 1: come on and talk to all of you today. Steven Moore, 238 00:13:42,960 --> 00:13:47,640 Speaker 1: one of Trump's top economic advisors, will be with us. Historically, 239 00:13:47,800 --> 00:13:50,840 Speaker 1: Stephen Moore has been at one thirty one of the 240 00:13:50,880 --> 00:13:55,000 Speaker 1: smartest guys on the right in all of the world. 241 00:13:55,080 --> 00:13:57,199 Speaker 1: Douglas Murray is going to be on to talk about 242 00:13:57,200 --> 00:14:00,679 Speaker 1: his brand new book, and those are two guests that 243 00:14:00,720 --> 00:14:02,839 Speaker 1: are coming during the course of the day. And as 244 00:14:02,880 --> 00:14:06,200 Speaker 1: I said, we will continue to update you on Buck 245 00:14:06,280 --> 00:14:10,959 Speaker 1: and carry Sexton baby watch if there is more news 246 00:14:11,080 --> 00:14:13,160 Speaker 1: to share with you there. But in the meantime, I've 247 00:14:13,200 --> 00:14:15,240 Speaker 1: got you. I'll have you today and tomorrow. At a minimum. 248 00:14:15,280 --> 00:14:17,280 Speaker 1: We'll see when Buck comes back as a new dad. 249 00:14:17,880 --> 00:14:19,880 Speaker 1: But we appreciate all of you hanging out with us 250 00:14:19,920 --> 00:14:25,119 Speaker 1: in what is a dynamic and rapidly evolving media environment 251 00:14:25,200 --> 00:14:28,200 Speaker 1: with so much news going on. Again, biggest news story 252 00:14:28,320 --> 00:14:31,680 Speaker 1: I would say right now is that the budget resolution 253 00:14:31,920 --> 00:14:35,040 Speaker 1: has passed the House, which is going to allow the 254 00:14:35,080 --> 00:14:39,640 Speaker 1: big beautiful bill that Trump favors to actually become law, 255 00:14:39,960 --> 00:14:42,520 Speaker 1: and that is going to preserve the tax cuts among 256 00:14:42,640 --> 00:14:46,200 Speaker 1: other things. As that continues to play itself out, but 257 00:14:47,000 --> 00:14:49,080 Speaker 1: I want to tell you, everybody's got a fire extinguish 258 00:14:49,120 --> 00:14:51,840 Speaker 1: your fire alarms case there's a fire no brainer. You 259 00:14:51,920 --> 00:14:54,800 Speaker 1: might even have done some fire drills before with your family, 260 00:14:54,880 --> 00:14:57,040 Speaker 1: especially if you have a young kids, But what about 261 00:14:57,080 --> 00:14:59,960 Speaker 1: if you have a home intruder. Our sponsor Saber makes 262 00:15:00,080 --> 00:15:03,480 Speaker 1: some of the best self protection tools out there from 263 00:15:03,680 --> 00:15:06,640 Speaker 1: Pepper spray for when you're walking around, maybe to go 264 00:15:06,680 --> 00:15:09,520 Speaker 1: get your car. Maybe you got your daughter, granddaughter off 265 00:15:09,520 --> 00:15:14,360 Speaker 1: to college in high school. Got pepper spray on your keychains? 266 00:15:14,720 --> 00:15:17,760 Speaker 1: How about inside the home too. We've got bars on 267 00:15:18,120 --> 00:15:20,320 Speaker 1: our doors to make it harder to come in that 268 00:15:20,440 --> 00:15:24,280 Speaker 1: come from Saber. We've also got the non lethal pepper 269 00:15:24,320 --> 00:15:28,320 Speaker 1: spray projectile launcher. Looks and feels like a pistol, but 270 00:15:28,560 --> 00:15:31,720 Speaker 1: it does not actually have lethality. So if you've got 271 00:15:31,760 --> 00:15:34,240 Speaker 1: people like I do, teenagers coming in and out of 272 00:15:34,240 --> 00:15:36,720 Speaker 1: the house at all hours. Maybe you've got young adults 273 00:15:36,720 --> 00:15:40,000 Speaker 1: in your family constantly arriving, you might not want to 274 00:15:40,000 --> 00:15:42,720 Speaker 1: have a lethal option, but you might want to protect yourself. 275 00:15:42,760 --> 00:15:45,480 Speaker 1: We've got handguns, we've got guns in the house, but 276 00:15:45,520 --> 00:15:48,640 Speaker 1: why not also have non lethal options to protect you 277 00:15:48,720 --> 00:15:51,400 Speaker 1: and your family in the event that you're not exactly 278 00:15:51,480 --> 00:15:55,400 Speaker 1: sure what necessarily is going on. 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The Team forty seven podcast Sunday's at noon 287 00:16:26,360 --> 00:16:27,600 Speaker 1: Eastern in the Clay and. 288 00:16:27,680 --> 00:16:28,800 Speaker 2: Buck podcast feed. 289 00:16:28,960 --> 00:16:31,920 Speaker 4: Find it on the iHeartRadio app or wherever you get 290 00:16:31,960 --> 00:16:32,880 Speaker 4: your podcasts. 291 00:16:34,280 --> 00:16:37,640 Speaker 1: Welcome back in Clay Travis Buck Sexton Show. We will 292 00:16:37,640 --> 00:16:40,400 Speaker 1: take some of your calls. On the backside. We'll also 293 00:16:40,600 --> 00:16:46,040 Speaker 1: talk about the rapid situation in which everyone has been 294 00:16:46,840 --> 00:16:49,640 Speaker 1: reacting to one of the greatest days in the history 295 00:16:49,840 --> 00:16:53,920 Speaker 1: of the stock market, and some of them, not surprisingly, 296 00:16:54,080 --> 00:16:58,240 Speaker 1: have responded to this by accusing Trump of insider trading. 297 00:16:58,760 --> 00:17:01,440 Speaker 1: And you really need to hear what the ladies of 298 00:17:01,480 --> 00:17:04,360 Speaker 1: the view had to say, because every time you think 299 00:17:04,400 --> 00:17:07,560 Speaker 1: they can't get dumber, guess what they actually get dumber. 300 00:17:07,600 --> 00:17:09,160 Speaker 1: I'll play some of those for you and we come 301 00:17:09,200 --> 00:17:11,720 Speaker 1: back eight hundred and two two eight A two. Also 302 00:17:11,800 --> 00:17:14,320 Speaker 1: take some of your calls. But I want to tell 303 00:17:14,359 --> 00:17:17,920 Speaker 1: you right now, we had a situation with tornadoes coming 304 00:17:17,960 --> 00:17:23,240 Speaker 1: through in Tennessee over the weekend and many people had 305 00:17:23,359 --> 00:17:26,440 Speaker 1: their power out. Tens of thousands of people had their 306 00:17:26,440 --> 00:17:29,240 Speaker 1: power out, including for a very short period of time. 307 00:17:29,320 --> 00:17:31,800 Speaker 1: Power went out at my house and I was glad 308 00:17:31,800 --> 00:17:34,440 Speaker 1: that we had our rapid radios charged. We have them 309 00:17:34,760 --> 00:17:37,679 Speaker 1: for five days if you've got them fully charged without 310 00:17:37,760 --> 00:17:41,080 Speaker 1: needing to recharge them. My wife and my son have 311 00:17:41,160 --> 00:17:44,400 Speaker 1: been using these because my youngest doesn't have a cell 312 00:17:44,400 --> 00:17:47,520 Speaker 1: phone and it allows them to connect anywhere and be 313 00:17:47,600 --> 00:17:49,360 Speaker 1: able to have a conversation. 314 00:17:49,760 --> 00:17:50,359 Speaker 2: They're great. 315 00:17:50,520 --> 00:17:52,880 Speaker 1: Also if you have older family members maybe they don't 316 00:17:52,920 --> 00:17:54,840 Speaker 1: love cell phones, or like I said, you got a 317 00:17:54,880 --> 00:17:57,359 Speaker 1: young kid like I do in the fourth grade who 318 00:17:57,400 --> 00:17:59,040 Speaker 1: doesn't have a cell phone yet, but you want to 319 00:17:59,080 --> 00:18:01,199 Speaker 1: let him run around to be able to stay in 320 00:18:01,240 --> 00:18:04,000 Speaker 1: touch with him. Kids love them. They're great in the 321 00:18:04,000 --> 00:18:06,640 Speaker 1: case of natural disasters. Why not go ahead and add 322 00:18:06,640 --> 00:18:10,159 Speaker 1: them to your family household like we have, no monthly fees, 323 00:18:10,280 --> 00:18:14,280 Speaker 1: no contracts, small annual fee keeps your device current. Go 324 00:18:14,359 --> 00:18:18,040 Speaker 1: online rapid radios dot Com up to sixty percent off, 325 00:18:18,080 --> 00:18:22,200 Speaker 1: free ups shipping from Michigan, plus a free protection bag, 326 00:18:22,280 --> 00:18:25,680 Speaker 1: ad code radio for an extra five percent off. That's 327 00:18:25,800 --> 00:18:29,080 Speaker 1: Rapid Radios dot Com sixty percent off. Do it today. 328 00:18:30,119 --> 00:18:34,160 Speaker 1: Welcome back in Clay Travis buck Sexton Show. Appreciate all 329 00:18:34,200 --> 00:18:38,320 Speaker 1: of you hanging out with us stock market soores. Yesterday 330 00:18:38,359 --> 00:18:41,520 Speaker 1: one of the best days in the history of the markets, 331 00:18:41,680 --> 00:18:45,879 Speaker 1: and the ladies on the View, not surprisingly, had a 332 00:18:46,040 --> 00:18:51,159 Speaker 1: series of inordinately stupid opinions, even by the standard of 333 00:18:51,440 --> 00:18:55,520 Speaker 1: inordinate stupidity for which that show is widely known. Sonny 334 00:18:55,520 --> 00:19:02,879 Speaker 1: Hostin says Trump actually was engaging in aging in insider trading. 335 00:19:03,320 --> 00:19:04,320 Speaker 1: Here is cut twelve. 336 00:19:04,400 --> 00:19:08,200 Speaker 7: Trump tweeted out before this little pause, he said, this 337 00:19:08,240 --> 00:19:11,199 Speaker 7: is a great time to buy, and that's really a 338 00:19:11,240 --> 00:19:14,520 Speaker 7: whistle to those billionaires that can or people that have 339 00:19:14,600 --> 00:19:17,080 Speaker 7: money that can buy low, and then the stock market 340 00:19:17,160 --> 00:19:20,800 Speaker 7: prices go up. That's generally called insider trading, and that 341 00:19:20,840 --> 00:19:24,800 Speaker 7: would ordinarily trigger an investigation by the Securities and Exchange Commission. 342 00:19:25,240 --> 00:19:28,040 Speaker 7: We know now that that's not probably going to happen 343 00:19:28,119 --> 00:19:32,720 Speaker 7: because all of these government agencies have been destroyed and dismantled. 344 00:19:33,080 --> 00:19:36,920 Speaker 7: But someone with knowledge of an economic policy change that 345 00:19:36,960 --> 00:19:40,680 Speaker 7: would cause the markets to shoot back up right before 346 00:19:40,720 --> 00:19:42,960 Speaker 7: posting about how great a time it is to buy, 347 00:19:43,080 --> 00:19:47,720 Speaker 7: right before the policy change happened, would certainly be guilty 348 00:19:47,760 --> 00:19:48,800 Speaker 7: of insider trading. 349 00:19:51,760 --> 00:19:54,199 Speaker 1: I mean, first of all, he's the president of the 350 00:19:54,320 --> 00:19:59,679 Speaker 1: United states everything that he says moves markets. Secondly, you 351 00:19:59,800 --> 00:20:02,639 Speaker 1: have to prove, and we probably have a bunch of 352 00:20:02,720 --> 00:20:07,920 Speaker 1: insider trading experts, you have to prove that someone benefited 353 00:20:08,560 --> 00:20:13,119 Speaker 1: in some way from insider trading. In other words, my 354 00:20:13,280 --> 00:20:18,800 Speaker 1: understanding is the president, unlike Hunter Biden, actually has frozen 355 00:20:19,359 --> 00:20:22,159 Speaker 1: all of his assets for some time. One of the 356 00:20:22,200 --> 00:20:25,960 Speaker 1: ways that presidents handle these sorts of situations is, by 357 00:20:26,000 --> 00:20:29,040 Speaker 1: and large they say, hey, I'm not managing my stocks 358 00:20:29,080 --> 00:20:31,760 Speaker 1: on a day to day basis. They're outside of my control. 359 00:20:32,200 --> 00:20:37,520 Speaker 1: They invest in index funds. I mean, it's absolutely bonkers. 360 00:20:38,480 --> 00:20:41,040 Speaker 1: But yes, Sunny Houstin, if it could be proven that 361 00:20:41,080 --> 00:20:47,000 Speaker 1: Trump was given kickbacks in order to change the to 362 00:20:47,040 --> 00:20:49,720 Speaker 1: give the ninety day pause on tariffs, then yes, you're right, 363 00:20:49,800 --> 00:20:55,320 Speaker 1: this is drastic insider trading. But crazily, Sunny Houstin is 364 00:20:55,359 --> 00:20:59,960 Speaker 1: not even the dumbest person on the view. The view 365 00:21:00,000 --> 00:21:04,760 Speaker 1: who's Joy Behar says that Trump is intentionally tanking the 366 00:21:04,880 --> 00:21:09,240 Speaker 1: economy for his billionaire buddies so that he can make 367 00:21:09,320 --> 00:21:12,439 Speaker 1: himself a dictator. This is her theory. This is what 368 00:21:12,480 --> 00:21:14,399 Speaker 1: you're listening to. And you might say, okay, well, why 369 00:21:14,440 --> 00:21:16,719 Speaker 1: does this matter? There are millions of people that are 370 00:21:16,760 --> 00:21:19,720 Speaker 1: listening to this show on a daily basis. Here is 371 00:21:19,880 --> 00:21:24,000 Speaker 1: cut thirteen. Joy behar with her theory about what's going on. 372 00:21:24,200 --> 00:21:26,880 Speaker 8: He's trying to destroy the country. Now why is he 373 00:21:26,960 --> 00:21:29,520 Speaker 8: doing that? So there's a couple of theories. First of all, 374 00:21:29,760 --> 00:21:33,080 Speaker 8: if he tanks the entire stock market, not all his 375 00:21:33,200 --> 00:21:36,200 Speaker 8: billionaire friends can swoop in and buy everything. Look, that's 376 00:21:36,240 --> 00:21:39,239 Speaker 8: not an original idea. That's Hawkim Jeffrey said that, and 377 00:21:39,280 --> 00:21:42,600 Speaker 8: in fact, today on truth Social Trump wrote a great 378 00:21:42,680 --> 00:21:44,000 Speaker 8: time to buy hmm. 379 00:21:45,520 --> 00:21:45,720 Speaker 2: There. 380 00:21:45,760 --> 00:21:48,159 Speaker 8: The theory is from James Carville, which I think is 381 00:21:48,200 --> 00:21:51,760 Speaker 8: interesting that he wants to stoke such instability and chaos 382 00:21:51,760 --> 00:21:54,800 Speaker 8: to consolidate power for himself so that people. 383 00:21:54,560 --> 00:21:55,800 Speaker 2: Start to really go nuts. 384 00:21:55,880 --> 00:21:59,000 Speaker 8: People are starting to get mad. How mad will people get? 385 00:21:59,200 --> 00:22:01,720 Speaker 8: And how broke people get? And how many jobs will 386 00:22:01,760 --> 00:22:03,960 Speaker 8: they lost? And then he can say, well, there's too 387 00:22:04,040 --> 00:22:06,080 Speaker 8: much chaos and now we're going to have martial law 388 00:22:06,080 --> 00:22:07,680 Speaker 8: in this country and he becomes as dictator. 389 00:22:08,080 --> 00:22:10,520 Speaker 2: Okay, this is bonkers. 390 00:22:10,560 --> 00:22:13,000 Speaker 1: First of all, Trump has been saying it's a great 391 00:22:13,040 --> 00:22:16,720 Speaker 1: time to buy in America for a long time. He's 392 00:22:16,720 --> 00:22:21,000 Speaker 1: a pro American leader. But the billionaire buddies. Thing doesn't 393 00:22:21,000 --> 00:22:25,440 Speaker 1: even make sense. Okay, do you know where most billionaires 394 00:22:25,800 --> 00:22:31,400 Speaker 1: have their assets? The stock market? Whatever losses are occurring 395 00:22:31,600 --> 00:22:36,560 Speaker 1: on paper are drastically higher for billionaires than they are 396 00:22:36,720 --> 00:22:41,160 Speaker 1: for people who are not billionaires. It doesn't make sense 397 00:22:41,240 --> 00:22:45,560 Speaker 1: that Trump would allow his billionaire buddies to make way 398 00:22:45,600 --> 00:22:49,919 Speaker 1: more money by driving down the prices of their assets. 399 00:22:50,680 --> 00:22:54,679 Speaker 1: It again, these are crazy town talks, and that James 400 00:22:54,680 --> 00:22:58,520 Speaker 1: Carvil says, Hey, what they're trying to do is actually 401 00:22:58,680 --> 00:23:05,200 Speaker 1: create dictator opportunities for Trump. Again, this is crazy town talk. 402 00:23:05,520 --> 00:23:07,199 Speaker 1: And I've said this before, but I do think it 403 00:23:07,240 --> 00:23:11,840 Speaker 1: bears repeating. If Trump truly wanted to be a dictator, 404 00:23:12,440 --> 00:23:14,359 Speaker 1: let's pretend that he called me and he said, Clay, 405 00:23:14,800 --> 00:23:19,119 Speaker 1: what should I do to become a dictator? The time 406 00:23:19,200 --> 00:23:23,879 Speaker 1: when Trump had the most dictatorial powers basically of any 407 00:23:24,000 --> 00:23:27,520 Speaker 1: president in our lives except for George W. Bush, right 408 00:23:27,560 --> 00:23:29,359 Speaker 1: after nine to eleven, do you know what it was 409 00:23:29,880 --> 00:23:33,560 Speaker 1: when COVID happened? Do you know what Trump did? He 410 00:23:33,640 --> 00:23:37,679 Speaker 1: allowed governors to make decisions in their states, and he 411 00:23:37,800 --> 00:23:42,280 Speaker 1: allowed individual mayors to make decisions in their cities. If anything, 412 00:23:42,920 --> 00:23:46,760 Speaker 1: if you were going to criticize Trump it would actually 413 00:23:46,840 --> 00:23:52,360 Speaker 1: be for during COVID not taking more executive authority and 414 00:23:52,520 --> 00:23:56,280 Speaker 1: giving too much power back to the states, because the 415 00:23:56,320 --> 00:23:59,840 Speaker 1: governors of California and New York, for instance, made to 416 00:24:00,000 --> 00:24:05,440 Speaker 1: disasterisk decisions for most of their citizens because Trump deferred 417 00:24:05,440 --> 00:24:07,280 Speaker 1: to the principles of federalism. 418 00:24:07,760 --> 00:24:08,840 Speaker 2: Do you know who then. 419 00:24:08,800 --> 00:24:13,639 Speaker 1: Took over massive amounts of power and tried to regulate 420 00:24:13,720 --> 00:24:17,080 Speaker 1: you to the ends of the earth. Joe Biden when 421 00:24:17,119 --> 00:24:19,879 Speaker 1: he said if you didn't get the COVID shot that 422 00:24:20,040 --> 00:24:23,679 Speaker 1: you could be fired from your job. Do you'all remember that, 423 00:24:23,880 --> 00:24:26,879 Speaker 1: I bet most of you do. The only reason that 424 00:24:26,920 --> 00:24:29,920 Speaker 1: didn't become law was because the Supreme Court said that 425 00:24:30,000 --> 00:24:33,200 Speaker 1: Joe Biden didn't have the power to do it. Biden 426 00:24:33,359 --> 00:24:37,080 Speaker 1: is the one who actually took advantage of COVID to 427 00:24:37,240 --> 00:24:41,040 Speaker 1: implement dictatorial powers. Remember we're going to have a winter 428 00:24:41,160 --> 00:24:43,960 Speaker 1: of death. Remember when Joe Biden said his patience was 429 00:24:44,040 --> 00:24:47,439 Speaker 1: running thin if you weren't getting the COVID shot. I do. 430 00:24:48,119 --> 00:24:51,520 Speaker 1: And again, this is why the argument that Trump wants 431 00:24:51,560 --> 00:24:55,280 Speaker 1: to be a dictator and authoritarian is absolutely bonkers. Okay, 432 00:24:55,520 --> 00:24:57,080 Speaker 1: some of you guys went away in I told you 433 00:24:57,119 --> 00:24:59,720 Speaker 1: had take some calls eight hundred. You can get us 434 00:24:59,760 --> 00:25:03,280 Speaker 1: called two a two two eight a two Sam in Milwaukee, 435 00:25:03,359 --> 00:25:04,399 Speaker 1: what you got for us? 436 00:25:04,840 --> 00:25:07,119 Speaker 9: All right, thanks for taking my call. I wanted to say, 437 00:25:07,240 --> 00:25:10,960 Speaker 9: I actually support Trump's tariffs, and I this is somebody 438 00:25:11,000 --> 00:25:14,640 Speaker 9: who's lucky to be well off. My portfolio went down, 439 00:25:14,840 --> 00:25:17,160 Speaker 9: you know, by six figures over the last few days. 440 00:25:17,160 --> 00:25:19,520 Speaker 9: But I think it's it's good for the country, and 441 00:25:19,520 --> 00:25:22,840 Speaker 9: it's good for blue collar working people. And if the 442 00:25:22,880 --> 00:25:25,840 Speaker 9: people who have a lot of money in the stock 443 00:25:25,840 --> 00:25:30,560 Speaker 9: market and profited from outsourcing who are complaining. The other 444 00:25:30,600 --> 00:25:32,640 Speaker 9: thing I wanted to ask about is in another way 445 00:25:32,720 --> 00:25:35,720 Speaker 9: to bring jobs back to the US, what do you 446 00:25:35,760 --> 00:25:39,680 Speaker 9: guys think about replacing minimum wage with the earned income 447 00:25:39,720 --> 00:25:43,400 Speaker 9: tax credit? Because you know, China has an unfaired advantage. 448 00:25:43,760 --> 00:25:45,480 Speaker 9: They treat their people like slaves. They don't have to 449 00:25:45,520 --> 00:25:51,320 Speaker 9: adhere to the same safety and environment environmental regulations. Allowing 450 00:25:52,080 --> 00:25:55,080 Speaker 9: free market to dictate a wage and then redistributing as 451 00:25:55,119 --> 00:25:58,000 Speaker 9: much or as little wealth as you want with earned 452 00:25:58,040 --> 00:26:00,879 Speaker 9: income tax credit would avoid that as well as encourage 453 00:26:00,880 --> 00:26:01,480 Speaker 9: people to work. 454 00:26:02,000 --> 00:26:04,439 Speaker 1: Thanks, thank you for the call. We're coming up on 455 00:26:04,480 --> 00:26:10,160 Speaker 1: April fifteenth. We have a situation where less than half 456 00:26:10,280 --> 00:26:14,320 Speaker 1: of Americans actually pay income taxes. Now, to the caller's point, 457 00:26:14,359 --> 00:26:18,240 Speaker 1: a lot of people pay payroll taxes if you have 458 00:26:18,320 --> 00:26:22,159 Speaker 1: a job. And the biggest challenge that we have on 459 00:26:22,200 --> 00:26:26,280 Speaker 1: a structural level with China is what he just referenced. 460 00:26:26,680 --> 00:26:30,639 Speaker 1: The average Chinese worker makes a fraction of what the 461 00:26:30,680 --> 00:26:33,760 Speaker 1: average American worker makes. And by the way, people in 462 00:26:33,840 --> 00:26:36,760 Speaker 1: China make more money than people in Vietnam or Cambodia. 463 00:26:37,160 --> 00:26:40,560 Speaker 1: And so if you're producing a product, you can have 464 00:26:40,760 --> 00:26:44,679 Speaker 1: wages that would be considered below slave wages in the 465 00:26:44,800 --> 00:26:48,480 Speaker 1: United States to produce products. I mean, Nike is a 466 00:26:48,480 --> 00:26:51,000 Speaker 1: good example. This is why I went after the guys 467 00:26:51,000 --> 00:26:55,000 Speaker 1: in the NBA so aggressively, because they're very happy to 468 00:26:55,119 --> 00:26:59,639 Speaker 1: rip America to shreds. They never point out that China, 469 00:27:00,040 --> 00:27:03,560 Speaker 1: for instance, was making Nike shoes back in the day 470 00:27:04,080 --> 00:27:09,280 Speaker 1: with legitimate Chinese slave labor. So the modern day slave 471 00:27:09,359 --> 00:27:13,600 Speaker 1: masters were actually NBA athletes who were profiting making tens 472 00:27:13,640 --> 00:27:17,080 Speaker 1: of millions of dollars off of Nike shoes being produced 473 00:27:17,119 --> 00:27:21,680 Speaker 1: by at least in Xingjiang Province, people who were effectively slaves. 474 00:27:22,080 --> 00:27:24,560 Speaker 1: And China was bragging about the fact that the cotton 475 00:27:24,640 --> 00:27:27,760 Speaker 1: to make many of these shoes was coming from basically 476 00:27:27,800 --> 00:27:32,480 Speaker 1: slave labor production. Now Nike has since pulled some of 477 00:27:32,520 --> 00:27:34,920 Speaker 1: its production out of China. They moved into the Philippines. 478 00:27:34,960 --> 00:27:38,879 Speaker 1: They didn't do that because they're amazingly great human rights advocates. 479 00:27:38,920 --> 00:27:41,199 Speaker 1: They did it because it was way cheaper to make 480 00:27:41,240 --> 00:27:43,919 Speaker 1: shoes in the Philippines, because wages went up in China 481 00:27:44,240 --> 00:27:46,639 Speaker 1: as China became a more industrialized country, and it was 482 00:27:46,720 --> 00:27:48,960 Speaker 1: cheaper to go elsewhere. And this is one of the 483 00:27:49,000 --> 00:27:54,800 Speaker 1: biggest challenges in general right about production of goods, is 484 00:27:54,840 --> 00:27:58,400 Speaker 1: that it is quite a lot cheaper to make goods 485 00:27:58,440 --> 00:28:02,400 Speaker 1: in foreign countries where they basically have what we would 486 00:28:02,480 --> 00:28:05,160 Speaker 1: consider in the United States to be slave labor wages 487 00:28:06,080 --> 00:28:08,880 Speaker 1: in places like Vietnam and Cambodia. And what China has 488 00:28:08,920 --> 00:28:13,600 Speaker 1: done is they have recognized that their overall cheating on 489 00:28:13,800 --> 00:28:18,840 Speaker 1: the world trade stage, even in China, has been caught 490 00:28:18,960 --> 00:28:21,600 Speaker 1: on some level. But they now have moved production to 491 00:28:21,680 --> 00:28:25,680 Speaker 1: other countries, which is why figuring out how to rectify 492 00:28:25,800 --> 00:28:28,399 Speaker 1: all of their cheating when it comes to global trade 493 00:28:28,480 --> 00:28:32,600 Speaker 1: is so complicated. James in Roanoke, Virginia, what you got for. 494 00:28:32,600 --> 00:28:37,160 Speaker 6: Us, Well, mister Travis, thanks for taking my call longtime 495 00:28:37,240 --> 00:28:41,880 Speaker 6: listeners since the mid eighties. I have a question that 496 00:28:41,960 --> 00:28:46,200 Speaker 6: I'm really struggling with, and I get frustrated when I 497 00:28:46,240 --> 00:28:50,640 Speaker 6: hear people say that these illegal that are being deported 498 00:28:51,880 --> 00:28:54,840 Speaker 6: have a right to a trial. And I've always thought 499 00:28:55,120 --> 00:28:59,960 Speaker 6: that illegals don't have any rights just based on being illegal, 500 00:29:00,600 --> 00:29:02,120 Speaker 6: and so I was going, if you can help them with. 501 00:29:02,040 --> 00:29:04,600 Speaker 1: That, sir, well, I mean, yes, that's an argument that's 502 00:29:04,640 --> 00:29:08,120 Speaker 1: going on right now, for instance, with the deportation of 503 00:29:08,360 --> 00:29:12,280 Speaker 1: Venezuelan illegals. And honestly, it's been a huge debate that 504 00:29:12,320 --> 00:29:14,280 Speaker 1: has gone to the Supreme Court several different times. 505 00:29:14,280 --> 00:29:15,240 Speaker 2: And I don't want to sound like. 506 00:29:15,400 --> 00:29:20,360 Speaker 1: A lawyer nerd, but this is one reason why Guantanamo exists, 507 00:29:21,080 --> 00:29:26,120 Speaker 1: because if you don't bring prisoners into the United States, 508 00:29:26,160 --> 00:29:30,160 Speaker 1: and Guantanamo initially was created for nine to eleven prisoners, 509 00:29:30,720 --> 00:29:35,000 Speaker 1: their rights as enemy combatants are different than the rights 510 00:29:35,080 --> 00:29:39,400 Speaker 1: of someone who is being prosecuted in American court. And again, 511 00:29:39,440 --> 00:29:43,280 Speaker 1: this gets really far down into the weeds on exactly 512 00:29:43,360 --> 00:29:47,720 Speaker 1: what due process rights exist. The argument here is that 513 00:29:47,840 --> 00:29:51,840 Speaker 1: because they are here illegally, they have violated American law, 514 00:29:52,840 --> 00:29:55,840 Speaker 1: and therefore they are not subject to the same due 515 00:29:55,840 --> 00:29:58,480 Speaker 1: process rights that you or me, or any other American 516 00:29:58,520 --> 00:30:02,040 Speaker 1: citizen would be on the enemy combatant front, which is 517 00:30:02,080 --> 00:30:06,040 Speaker 1: another angle where they are trying to analyze this. If 518 00:30:06,080 --> 00:30:10,440 Speaker 1: you were seized in a foreign country, the question of 519 00:30:10,720 --> 00:30:13,560 Speaker 1: who exactly is an enemy combatant is actually one that 520 00:30:13,640 --> 00:30:17,160 Speaker 1: is very complicated inside the law. So the long way 521 00:30:17,200 --> 00:30:20,840 Speaker 1: around the question is, I think that the Trump administration 522 00:30:21,160 --> 00:30:25,760 Speaker 1: is behaving appropriately when it comes to these individuals. The 523 00:30:25,840 --> 00:30:29,560 Speaker 1: courts are going to determine exactly how to classify someone 524 00:30:29,560 --> 00:30:32,800 Speaker 1: who is here in the United States physically present, but 525 00:30:32,920 --> 00:30:35,920 Speaker 1: does not have the legal right to be here. And 526 00:30:36,000 --> 00:30:38,880 Speaker 1: so I am of the opinion that the Trump administration 527 00:30:38,960 --> 00:30:42,520 Speaker 1: has behaved lawfully. I think the Supreme Court will agree. 528 00:30:42,720 --> 00:30:44,560 Speaker 1: Trump is on a winning streak. I think he's won 529 00:30:44,640 --> 00:30:47,600 Speaker 1: five straight cases in front of the Supreme Court. But 530 00:30:47,880 --> 00:30:50,320 Speaker 1: that is the complication that is associated with it. Thank 531 00:30:50,320 --> 00:30:51,920 Speaker 1: you for listening for a long time, and thank you 532 00:30:51,920 --> 00:30:57,680 Speaker 1: for calling Carol in Montana. You wanted to weigh in 533 00:30:57,720 --> 00:31:00,560 Speaker 1: on the view. By the way, public information is not 534 00:31:00,640 --> 00:31:05,560 Speaker 1: insider trading. Another important aspect here. When you say something 535 00:31:05,640 --> 00:31:09,360 Speaker 1: public insider information typically has to be something that others 536 00:31:09,440 --> 00:31:12,320 Speaker 1: do not know Trump saying now is a good time 537 00:31:12,400 --> 00:31:17,080 Speaker 1: to buy is immediately public, therefore everyone can act upon it. 538 00:31:17,480 --> 00:31:23,520 Speaker 1: Insider trading would require that Trump called friends and said, Hey, 539 00:31:23,680 --> 00:31:29,320 Speaker 1: I'm about to pause the ninety day issue. Here, I'm 540 00:31:29,320 --> 00:31:31,960 Speaker 1: about to issue a ninety day tear pause. You should 541 00:31:32,000 --> 00:31:35,920 Speaker 1: all go by right now. That did not seem to occur, 542 00:31:36,160 --> 00:31:39,160 Speaker 1: at least based on my watching of the market, because 543 00:31:39,200 --> 00:31:43,200 Speaker 1: the market did not pop until Trump officially made the 544 00:31:43,240 --> 00:31:47,040 Speaker 1: statement on truth Social that he was pausing the ninety days. 545 00:31:47,280 --> 00:31:51,400 Speaker 1: So public comments, by their very nature are not insider 546 00:31:51,480 --> 00:31:54,920 Speaker 1: trading because they are immediately public for everyone but Carol 547 00:31:55,320 --> 00:31:58,080 Speaker 1: in Montana. I'll get to Carol in Montana. We come 548 00:31:58,120 --> 00:31:59,920 Speaker 1: back pause for that because I need to do this read. 549 00:32:00,480 --> 00:32:02,160 Speaker 1: But we'll get to Carol and Montana. I'll get to 550 00:32:02,200 --> 00:32:04,960 Speaker 1: Greg and Soot Falls and Jesse and Aurora, Colorado. 551 00:32:05,000 --> 00:32:06,000 Speaker 2: A lot of you lining up. 552 00:32:06,640 --> 00:32:08,800 Speaker 1: If you're a good gun owner, you need to know 553 00:32:08,800 --> 00:32:12,120 Speaker 1: about the United States Concealed Carry Association. They're all about 554 00:32:12,120 --> 00:32:16,000 Speaker 1: protecting your rights to allowing you to defend yourself. Look, 555 00:32:16,360 --> 00:32:19,360 Speaker 1: I'm a member, but I have done and this is important. 556 00:32:19,840 --> 00:32:22,800 Speaker 1: I have done a lot of criminal defense cases over 557 00:32:22,840 --> 00:32:25,960 Speaker 1: the years in fact, I've even gone and gotten my 558 00:32:26,080 --> 00:32:30,120 Speaker 1: continuing legal education on what is the difference between a 559 00:32:30,160 --> 00:32:32,880 Speaker 1: good shoot that is one that is legal and a 560 00:32:32,920 --> 00:32:35,840 Speaker 1: bad shoot that is one that is illegal. And often 561 00:32:35,960 --> 00:32:39,840 Speaker 1: it can come down to very minuscule factual analysis. You 562 00:32:39,920 --> 00:32:42,120 Speaker 1: just heard me talking about, for instance, what is and 563 00:32:42,160 --> 00:32:45,680 Speaker 1: what is not an illegal alien, What do process rights 564 00:32:45,720 --> 00:32:48,960 Speaker 1: are in play? The law can be very complicated. If 565 00:32:49,000 --> 00:32:53,160 Speaker 1: you are defending yourself from someone who is trying to 566 00:32:53,240 --> 00:32:57,680 Speaker 1: do you harm, but somehow you end up being prosecuted, 567 00:32:58,120 --> 00:33:00,320 Speaker 1: you want to know that you've got somebody who can 568 00:33:00,360 --> 00:33:02,720 Speaker 1: have your back. You want to be a member of 569 00:33:02,840 --> 00:33:06,800 Speaker 1: the us CCA. They're the newest sponsor to this program. 570 00:33:06,840 --> 00:33:10,520 Speaker 1: They do many things. They have great guides on concealed carry, 571 00:33:10,600 --> 00:33:14,080 Speaker 1: family defense guides, but also they'll give you mental prep, 572 00:33:14,160 --> 00:33:18,280 Speaker 1: legal insights, step by step training. If you own a gun, 573 00:33:18,920 --> 00:33:22,240 Speaker 1: you can go and sign up with them and you 574 00:33:22,280 --> 00:33:25,800 Speaker 1: can ensure that if you one day need a warrior 575 00:33:26,200 --> 00:33:29,440 Speaker 1: to defend you when you use that gun. This is 576 00:33:29,480 --> 00:33:32,640 Speaker 1: one of the things that they do. They provide incredible 577 00:33:32,720 --> 00:33:36,200 Speaker 1: legal analysis. They also will provide you with all the 578 00:33:36,240 --> 00:33:40,880 Speaker 1: background you need to be able to defend yourself legally. 579 00:33:41,280 --> 00:33:46,840 Speaker 1: Go online to USCCA dot com slash Clay to get 580 00:33:46,880 --> 00:33:50,000 Speaker 1: a free guide and see all the fabulous things they 581 00:33:50,040 --> 00:33:56,520 Speaker 1: do that is USCCA dot com slash Clay. One more time, 582 00:33:56,560 --> 00:33:58,320 Speaker 1: I want you to go check out all the work 583 00:33:58,320 --> 00:34:01,000 Speaker 1: that they do. I think it's important if you own firearms, 584 00:34:01,000 --> 00:34:03,280 Speaker 1: for you to know exactly what your rights are and 585 00:34:03,360 --> 00:34:06,160 Speaker 1: be able to protect you and your family in the 586 00:34:06,200 --> 00:34:11,640 Speaker 1: event that you need legal protection. USCCA dot com slash 587 00:34:11,760 --> 00:34:16,520 Speaker 1: Clay sometimes all you can do is laugh, and they 588 00:34:16,520 --> 00:34:19,480 Speaker 1: do a lot of it with the Sunday Hang join 589 00:34:19,680 --> 00:34:22,239 Speaker 1: Clay and Buck as they lap it up in the 590 00:34:22,280 --> 00:34:25,319 Speaker 1: Clay and Buck podcast feed on the iHeartRadio app or 591 00:34:25,360 --> 00:34:27,040 Speaker 1: wherever you get your podcasts. 592 00:34:27,600 --> 00:34:28,520 Speaker 2: All right, welcome back in. 593 00:34:28,600 --> 00:34:30,440 Speaker 1: I said, I take a bunch of your calls, and 594 00:34:30,480 --> 00:34:32,239 Speaker 1: I was trying to go to Carol in Montana before 595 00:34:32,280 --> 00:34:34,440 Speaker 1: I realized I need to hit a read and make 596 00:34:34,440 --> 00:34:36,399 Speaker 1: sure we got out on Tom, Carol, what's up, Thanks 597 00:34:36,440 --> 00:34:38,239 Speaker 1: for listening, Thanks for. 598 00:34:38,200 --> 00:34:40,960 Speaker 10: Taking my call. There's many stocks on the market, and 599 00:34:41,000 --> 00:34:44,480 Speaker 10: I think you have to have insider information on specific 600 00:34:44,520 --> 00:34:47,960 Speaker 10: ones in order for it to be insider trading. And 601 00:34:48,200 --> 00:34:53,920 Speaker 10: also this women on the view are very ignorant and 602 00:34:53,960 --> 00:34:56,239 Speaker 10: I think they're probably pushing an agenda that they were 603 00:34:56,239 --> 00:34:59,520 Speaker 10: told to push. I was visiting with my friends and 604 00:35:00,200 --> 00:35:04,239 Speaker 10: my last thing, and we were just saying, oh, yeah, 605 00:35:04,440 --> 00:35:06,560 Speaker 10: it's low right now, this is a good time to buy. 606 00:35:06,640 --> 00:35:09,000 Speaker 10: So are we in trouble for that too? You know, 607 00:35:09,040 --> 00:35:09,880 Speaker 10: it's ridiculous. 608 00:35:10,000 --> 00:35:10,640 Speaker 2: Thank you for the call. 609 00:35:10,719 --> 00:35:13,560 Speaker 1: I told all of you that I would buy, and 610 00:35:14,000 --> 00:35:15,680 Speaker 1: I've been saying that on the radio for a while. 611 00:35:15,840 --> 00:35:18,040 Speaker 1: I put more money into the market when the market 612 00:35:18,080 --> 00:35:20,480 Speaker 1: goes down. I think it's smart to do that if 613 00:35:20,520 --> 00:35:22,360 Speaker 1: you believe in Donald Trump and you believe in the 614 00:35:22,400 --> 00:35:25,759 Speaker 1: long term future of America. So I appreciate the call. 615 00:35:25,960 --> 00:35:28,319 Speaker 1: Jesse and Aurora, Colorado, let me hit this one. There's 616 00:35:28,320 --> 00:35:31,320 Speaker 1: been a lot of talk outside of Denver about Venezuelan 617 00:35:31,440 --> 00:35:33,200 Speaker 1: gangs taking over apartment complex. 618 00:35:33,320 --> 00:35:35,080 Speaker 2: Is there. What are you seeing on the ground. Does 619 00:35:35,120 --> 00:35:36,120 Speaker 2: it feel safer to you? 620 00:35:37,320 --> 00:35:40,960 Speaker 11: It does feel safer. I think the Aurora police have 621 00:35:41,120 --> 00:35:45,879 Speaker 11: done a lot recently since Trump's been appointed. Before that 622 00:35:45,920 --> 00:35:48,520 Speaker 11: they were sitting on their hands and doing nothing and 623 00:35:48,640 --> 00:35:53,279 Speaker 11: allowing this criminality to fester in these apartment complexes. But 624 00:35:53,360 --> 00:35:56,160 Speaker 11: now I feel like Tom Holman and the government is 625 00:35:56,200 --> 00:35:59,680 Speaker 11: really taking a step to end all of this craziness 626 00:35:59,680 --> 00:36:03,000 Speaker 11: because people don't feel safe around these areas. 627 00:36:02,760 --> 00:36:03,919 Speaker 2: No doubt. Thank you for the call. 628 00:36:04,280 --> 00:36:06,120 Speaker 1: We'll continue to take some of your calls during the 629 00:36:06,160 --> 00:36:08,200 Speaker 1: course of the program. We've got a couple of guests though, 630 00:36:08,200 --> 00:36:11,880 Speaker 1: coming up in the next hour. Stephen Moore absolute latest. 631 00:36:11,960 --> 00:36:14,960 Speaker 1: What does he think from an economic perspective, one of 632 00:36:15,040 --> 00:36:18,719 Speaker 1: Trump's top economic advisors. We will find out from him 633 00:36:18,760 --> 00:36:20,879 Speaker 1: where he sees the market going. By the way Trump 634 00:36:20,960 --> 00:36:23,680 Speaker 1: in a cabinet meeting right now, will also monitor everything 635 00:36:23,719 --> 00:36:26,640 Speaker 1: being said there. And Douglas Murray, one of the smartest 636 00:36:26,680 --> 00:36:28,759 Speaker 1: intellectuals on the right, going to be with us next 637 00:36:28,800 --> 00:36:29,359 Speaker 1: hour as well. 638 00:36:29,440 --> 00:36:29,839 Speaker 2: Keep hanging