The Adam Mockler Show - Trump VISIBLY PANICS as Market SLIPS OUT OF CONTROL

Episode Date: June 4, 2025

Adam Mockler with MeidasTouch Network breaks down Donald Trump's deceptive "trickle-down" economic policies, exposing how they primarily benefited the wealthy and exacerbated national debt while failing to improve the lives of most Americans. Join my Substack as a free or paid subscriber: https://www.adammockler.com/subscribe Become a member to support me! https://www.youtube.com/Adammockler/join https://patreon.com/adammockler Adam Mockler Socials: Subreddit: https://www.reddit.com/r/AdamMockler/ Discord: https://discord.gg/y9yzMU3Gff Instagram: https://www.instagram.com/adammockler/ Bluesky: https://bsky.app/profile/adammockler.bsky.social Twitter: https://x.com/adammocklerr/ TikTok: https://www.tiktok.com/Adammockler Contact me at: [e-mail] Adam Mockler - amock LLC Learn more about your ad choices. Visit megaphone.fm/adchoices

The United States economy just received some poor data that I would like to break down, and Trump immediately had an adverse reaction in the form of an all-caps-true social post where he deflects blame to Jerome Powell in his usual Trumpian fashion. And I guess this would be a good opportunity to walk through the slew of all-caps true social posts that Trump made throughout the night. Because in these posts, you see implicit and explicit confessions that he can't cut any deals, that he doesn't know what he's doing and that he just has to deflect blame when anything goes wrong. It reminds me of COVID when he was constantly deflecting blame.

It reminds me of this presidency when he's constantly saying everything is Biden's fault. Remember when the plane crash over the Potomac happened, which was tragic. And the next morning, Trump walked out and blamed DEI. This dude in a time of uncertain, you know, circumstances is always just blaming other people and melting down. That's what truly scares me about an economic. meltdown in the U.S. Of course, there would be massive job loss, but Trump's reaction is almost certain to inflame it rather than make it better. But we can start off with what he posted seven hours ago. He said, I like President Xi of China. Always have and always will. But he is

very tough and extremely hard to make a deal with. I think this may be the most explicit confession we've gotten from Trump thus far that he can't cut deals, that he's having trouble. We're getting a bunch of reports that there are no actual texts for any of these deals that he's claiming to cut, meaning there's nothing on paper. There's no text written down. It's just him, you know, spewing stuff out on truth social. He then says, the United States had the best May in 30 years make America great again. It's not funny, but it's ironic because eight hours later we get terrible economic news that will affect a lot of people. I mean, just to jump over here, ADP reports that employers are adding only 77,000 jobs in February.

as businesses pause amid uncertainty over Trump agenda. It says the number was well below forecasts and comes as other signs show the job market is weakening. To jump back to Trump's truth social, he then posted just randomly, with the exception of the rigged presidential election of 2020, the autopen is the biggest political scandal in American history. Brother, this is an attempt to divert attention

and deflect blame. Again, once more, this is the classic Trumpian tactic. We can talk about the $400 million jet from Qatar. We can talk about Signalgate Part 1 or Part 2. We can talk about the stripping of due process from multiple immigrants or Doge. And that's just in the past four months. I would rather talk about January 6th because I find that to be one of the most abysmal political events that's happened since the Trump era started. But somehow that is now just a blip on the radar.

I'm going to keep working to make sure we talk about all this corruption. If you appreciate it, make sure you drop a like. Make sure you subscribe below. But then he tweets. this is the big one he says ADP number out quote too late Powell must now

lower the rates he is unbelievable Europe has lowered nine times brother this is insane he's gonna cite Europe's number number one compared to the US

which is incoherent he then says Powell is unbelievable which is a way of deflecting blame over to Powell dude you're the one that's unbelievable he then says too late Powell must now lower the rates the thing that really annoys me

about this, there's a lot wrong with it, but Trump keeps flip-flopping and walking back and chickening out on his Jerome Powell stance. Trump's relationship with Jerome Powell has been defined by public confrontation, dating back to his first term, and just inconsistency. Like, when Trump took office four months ago, he came in hot and said he wants to not only replace Jerome Powell, but he floated the idea of firing him, and said Jerome Powell was slow and too late. And then Trump walked that back when the market reacted poorly because the market actually does really trust Jerome Powell. Jerome Powell stays apolitical. He has a steady hand. And whether you like him or not, he always says, I am not going to curtail and do what Trump wants me. I'm not going to

change my behavior because of what Trump wants me to do. There is a separation for a reason and that is illegal. So Jerome Powell has been publicly attacked by Trump and his steady hand keeps the market steady. So when Trump started attacking Jerome Powell, like a month or two back, he, in the market crashed, Trump backed off. He backed off a Jerome Powell. Well, now he is back on Jerome Powell's ass. We'll talk about that more, but let's talk about the actual numbers that came out. Private sector hiring, according to CNBC, rose by just 37,000 in May, the lowest in more than two years, ADP says. And you can see at the top of the screen, breaking news, stocks rise, but gains capped, thanks to weak jobs data, and the weak jobs data is a direct function of Trump's insane policy

with no actual end goal. Like, that's the problem. There's no end goal with Trump's policy. There are a lot of problems, but that's one of them. Private payrolls increased just 37,000 in May, below the 60,000 in April, and the Dow Jones forecast for 110,000. Imagine, they were expecting 110,000 increase, and an increase by 37,000. It was the lowest monthly job total from the ADP count since March of 2023.

Regarding wages, annual pay grew at 4.5% for those remaining in their positions, and 7% for job changers. Little change since April. So it says, private sector job creation slowed to a near standstill in May, hitting its lowest level in more than two years as signs emerge of a weakening labor market, payrolls processing firm ADP, reported Wednesday. And this is entirely separate from the public sector jobs that have been cut. Remember, Trump and Elon Musk have been making a very intentional effort to cut a bunch of public sector jobs as well. Payrolls increased just 37,000 for the month. And I know that sounds like a big number, but that is not a big number when you compare it to the expectation and the previous month. The report comes two days before the more closely watched non-farm payroll count from the Bureau of Labor Statistics,

which is expected to show a gain of $125,000. When it doesn't, who's Trump going to blame this time? Is it going to be Jerome Powell or George Soros or Barack Obama? Who is Trump going to aimlessly blame, even though it's all on him? It's all on the unpredictability he's created for a bunch of small businesses and medium-sized businesses and big businesses. Walmart and Target have been leading the way and saying we have to raise prices. Small businesses sometimes may not even make it through this.

They can't even suffer the unpredictable. because they don't have the cushion that Walmart and Target have, it's do or die for them. It's live or die every single month, and they have a certain budget that they have to meet at a certain time. And when you start to add this new layer of unpredictability and volatility, then it's over. For these small businesses, they struggle.

And speaking of volatility, the fact that Trump so firmly said two months back that he's not attacking Jerome Powell, he actually likes Jerome Powell. He's the one who appointed Jerome Powell. And then his monkey brain can't stop himself from just attacking Jerome Powell two months later. I would say I'm surprised, but I'm really, really not surprised. Powell is not going to flinch, but this does set up sort of a dangerous showdown.

Now, Jerome Powell is obviously not going to bend to the political pressure. He's made it clear he has no plans to resign. He's made it clear that he respects the separation, even if the president doesn't, the separation between, you know, different agencies. But this tension does set up a sort of dangerous. showdown. Not only will it affect the markets, because as economic data comes out, Trump just doubles down and doubles down, and he's such a malignant narcissist. He doesn't have the reality tests or the walls around him to push back. Ideally, when a president is going into meltdown mode, you have, like, walls around you. You have someone testing your reality and

saying, dude, you can't be blaming everything on Jerome Powell, but Trump doesn't have that. We've already seen Jerome Powell, Fed officials, bipartisan economists, legal scholars warning Trump that his behavior is not only going to hurt the economy, but hurt the Constitution. And Trump, without care, just continues to push. So just keep in mind a few things. If you want to talk about the facts here, the Fed chair is completely independent from the executive branch. Under the Federal Reserve Act, the president cannot remove a Fed chair with zero cause whatsoever, and there is no cause.

So as Jerome Powell continues to hold his ground, which I respect, we just have to remember the mere threat of disruption is already having consequences on the market. And we have to remember that Trump will go completely mad king mode if the economy continues to spiral as it is. I literally see a reality where Trump goes full mad king mode where he's going scorched earth like season eight of Game of Thrones when DeNaris was riding her dragon around. And he's just trying to tear everything down and blame everything on everywhere else like he did during COVID. During COVID, this dude couldn't help himself but hold daily press briefings. Not because they were helping him. They were actually hurting him, but because he was just going full, like, manic, full speed ahead mode. And I'm not hoping that happens, but I can see that happening.

We'll see what happens over the next few months. I'll keep you all updated. Drop a like, subscribe. Love you all. We are building a network. You guys see the puzzle pieces coming together, right? We have a few contributors hopping in for certain slots when I'm busy or when I'm doing meetings or when I'm just having dinner with my parents.

I get to have other people fill the slots, and now we get to push back against MAGA harder than ever. So make sure you join the crew by subscribing below. Love you all, and peace out.