The Ben and Emil Show - BAES 95: What stocks to buy, Tariffs explained, Trump's big gamble

Episode Date: April 10, 2025

It sucks living in interesting times! We're talking all about what's going on with these damn tariffs, the impact we're already seeing, what it means for YOU, what the billionaire rulers think, and what stocks you might want to consider. Oh and hey! Give this video a thumbs up if you enjoyed it! And please leave us a comment! AUSTIN we are coming for you. Get tix here: https://www.creekandcave.com/events/ben-emil-live This week's bonus episode is a DOOZY. Sign up and support the show at https://benandemilshow.com 🚨🚨🚨 Our Boston video is out now! https://youtu.be/emkpqsqSbF8 ***LINK TO OUR DISCORD: https://discord.gg/CjujBt8g ***Subscribe to Emil's Substack: https://substack.com/@emilderosa ***Trade with Ben at https://tradertreehouse.com ***Leave a comment! Like this video! Tell a friend about our show! We love you! Our episode with Kyla Scanlon: https://youtu.be/cIHWkY35cuc Big Tech is out of ideas (ft. ED ZITRON): https://youtu.be/zBvVGHZBpMw Arguing with a millionaire (ft. Chris Camillo): https://youtu.be/1ZUWTkWV_MM We bought suits HERE: https://youtu.be/_cM1XqA9n2U __ HIMS: Fellas! Don't lose your hair! Start your free online visit today at https://hims.com/BAES MOOMOO: Click this link https://j.moomoo.com/BAES to get up to 60 free stocks from moomoo U.S when you make a qualified deposit + earn 8.1% on uninvested cash for a limited time for new users!! Terms & Conditions Apply Securities are offered through Moomoo Financial Inc., Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with MFI and their experiences may not be representative of other moomoo users. Options trading is risky and not for all. Read the Options Disclosure Document (https://j.moomoo.com/017y9J) before trading. Options are complex and you may quickly lose the entire investment. Supporting docs for any claims will be furnished upon request. Promo 8.1% APY (as of 12/18/24) for new users only until 03/31/25. Actual APY may differ. Rates may change. Click the link for Bank Deposit List, Cash Sweep and Promo details. FACTOR: Get started at https://factormeals.com/baes50off and use code "baes50off" to get 50 percent off plus FREE shipping on your first box! __ This episode was edited by Connor Rousseau / @ conrad_roussrad Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa Learn more about your ad choices. Visit podcastchoices.com/adchoices

Everybody shake it off. Hopefully by the time. We're in a new world order. Get used to it. Life as you know it is over. Yeah, life as you know it is over. And a new life has begun. A new hero.

And hopefully you like it. Yeah, hopefully you like it. Hopefully everybody's happy. Hopefully you like eating mud and bugs. We got a 10% universal tariff on all imports. They've been treating us unfair. They've been treating us very unfairly. And additional reciprocal higher tariffs on countries with the highest trade deficits effective April 9th.

Every time they start to get what they want. They're like, no, no, no, no, no, it's more. Yeah. Non-tariff cheating. You dirty Vietnamese are cheating too much. Losing money costs you nothing. It actually costs you a lot. Yeah, it costs you the amount that you lost.

Moron, if I have $100 and I lose $50, I've lost $50. Trumponomics is when you constantly go to the burger restaurant and buy lots and lots of burgers and eat the burgers, and then you say, this burger restaurant is really screwing me over. They never buy any of my products. I don't work or sell any products. Also, more burgers, please. It's pretty good. Oh, I'm looking down time with Benin' Me. Tell me what's going on. Tell me what's going on.

So listen on up to Benin'in' Me. Tell me what's going on. Tell me what's going on. Oh, boy, gang. We got a heck of an episode for you today. We're going to be talking all about the tariffs. What's going on with them. catch you up on what Trump did. We're going to catch you up on how people are responding, how the billionaires are responding, which billionaires are crying about it, what you need to know about it, how it affects you. The real impact to the economy. We're getting into all of it. Yeah. And if you get lost, check the chapters. And stay tuned because I'm going to be talking about five stocks that I actually kind of like in this market. But first, before we do that, just a reminder that Austin tickets for the Austin, Texas show are now on sale. You can find the link in the description. while you're at it, hey, give this video a like. Won't you please? And if you're listening, why don't you go over to YouTube and give the video a like? It helps us out. Leave a comment,

why don't you? And hey, while you're at it, head over to benedamilshow.com. We got all our bonus content up there, and this week's bonus is going to be a real fun one. And other features as well. I mean, I'm already, we're going to Portland this weekend for a live show. I'm already seeing people in the Reddit

being like, does anyone have two tickets? I slept on it and I didn't buy tickets. You've been signed up. You would have gotten them first. Yeah, a lot of these shows sell out and we put the ticket link on, uh, up for members first. So they get their first crack at it. So if that interests you, head on over to Ben and Mealshow.com. All right. So let's get right into it, shall we? Oh my gosh. What? What's so funny? Is it because you were flipping me the bird? No, no, no.

She should have seen it. He was flipping me the bird. No, no, no. all this stuff. Oh, man. All right. Everybody shake it off. Okay. Shake it out. Everybody shake it off. Hopefully by the time. We're in a new world order. Get used to it. Yeah. The life as you know it is over. Yeah. Life as you know it is over. And a new life has begun. A new era. Hopefully you like it. Hopefully you like it. Hopefully everybody's happy. Hopefully you like eating mud and bugs. I like mud and bugs. What's the matter with mud and bugs? Just pretend it's chocolate and um, uh, chocolate in the shape of bugs. And gummy worms. And gummy worms. Yeah. A mud pie, if you will. Man. God's mistake, huh? Worms? No, they're actually pretty helpful for all kinds of things. So,

respect your worms. That's a very crunchy thing of you to say. You're not beating the crunchy allegations. So, hopefully by the time this comes out, the world will not have imploded. I don't personally think it will. But I do think things could be different. This will come out on Thursday. It is Tuesday afternoon now, and I do think things could be different because they're different all the time. But here's what you're. where we are now. I am short some puts on the S&P 500 for tomorrow, meaning I will lose money if the market continues to drop tomorrow. So like, here's where the S&P is. I'm short these puts up here, the 5100s, so I need the market to bounce at least to that level so that I can

cover my short at a lower price, buy back in at a lower price. I did it today. I did it overnight, And I, fuck, I cleaned up, baby. Cleaned up. Well, we'll get into that. Yeah, we'll get into that. That's a crazy bit because, well, we'll talk about it. So let's recap what's going on with the tariffs, all right? We got a 10% universal tariff on all imports.

They've been treating us unfair. They've been treating us very unfairly. And additional reciprocal higher tariffs on countries with the highest trade deficits, effective April 9th with the authority. saw the Rose Garden speech. He came out with his ridiculous poster full of numbers that don't make sense, countries that have no people on them. It's all going to be a mess. And they've been releasing their formula, which is basically just this simplistic formula based on trade deficits. And he wants it to all be even because if we are buying more from a country, then we're selling, we are getting ripped off. Yeah. And the best way to put it is, hey, you sell me more, I saw a guy on Twitter put it perfectly. Oh, there's been a ton of like. You sell me more birdseed. If you go to the grocery store. Yeah, yeah. And you buy a bunch of groceries from them. And you're doing it constantly. Well, isn't it kind of, yeah, the grocery store is ripping you off? They're not buying any of your shit. That's a really good way of putting it. That's how asinine this is. Yeah.

Yeah. There are so many, I mean, I think I have one. There are so many that people are posting where it's just like, like fun little takes on this yeah fun little like examples of him just like not understanding what he's doing i like the bird seed one this guy said you buy i buy a lot of bird seed from you but i don't see you buying any bird seed for me that's unfair why aren't you buying bird seed for me at the even rate that i'm buying bird seed from you trumpinomics this is from vincent bevins trumpinomics is when you constantly go to the burger restaurant and buy lots and lots of burgers and eat the burgers and then you say, this burger restaurant is really screwing me over. They never buy any of my products.

And then in parentheses, I don't work or sell any products. Also, more burgers, please. That's pretty dang good. That's pretty good. Yeah, so that's what there, a lot of these additional reciprocal higher tariffs are based on. And he's not kidding. Like, because companies have been trying to make deals and being like, okay, look, well, ease off on the tariffs.

And he's like, no, even out the trade. Yeah. And it's just, that's impossible. Before we started rolling, I was thinking, since it does seem to be such an arbitrary, the way that they've calculated the actual tariff rates seems like such arbitrary math that I thought of the Big Shack. For those you don't know, Big Shack is a, is a UK-based rapper, and he's got this famous freestyle, and in it, he says, 2 plus 2 is 4 minus 1 is 3 quick maths. And it reminds me of that. That reminds you that, because that makes sense, though, at least. It is consistent math, but it's just like, yeah, okay, great.

Well, I guess, yeah, the math is consistent. It's just erroneous. It's based on a false premise. I actually, I want to go on a quick tangent. So I was at this Bachelor, Bachelorette joint party this weekend. Joint party is that when people roll their own joints. That's pretty, well, dude, you own my kick right now? So, yeah, we did smoke a lot of joints.

but we went to dinner, all 20 of us, and like 20 minutes before the check came, I asked the people at my table, there were four or five of us sitting there. And I said, hey, let's take turns guessing what we think the check is going to be. And I threw out $1,400. And then a friend of the show is Sydney, Sydney Gale, Sydney Emanuel, said, okay, wait, let me make my guess. And she threw out a number, I think, and I was like, how'd you get to that? And she said, Well, okay, so 20 people times 20 is 400, and multiply that, get 800. And I started crying, laughing. That's literally what she said.

20 times 20 is 400. Multiply that, and you get 800. And I was like, wait, why did you do that? Why did you start? There's 20 people, but why did you multiply that by 20? What is the 20 that you're getting to 400? and then why just multiply 400? Multiply that, get 800.

Okay, why are we doing all of these steps? Just make your guess. We all were in hysterics laugh. Yes, we had eaten a little bit of mushrooms, but oh, man, I was crying. And so was she, because it was just very funny. She was like, I'm going to do some girl math and show you how I arrived at that conclusion.

And it truly made no sense, just like Trump's tariffs. Calculations. that was Ben's tangent everybody anyway so uh but yeah so he releases all these things he goes golfing for the weekend which was such a fucking bold move yeah he well so he released it he waited for the uh market to close before doing his little speech market does not like what they see he welcomes people to uh make deals everyone knows he's a deal maker trump's a deal maker they're now saying that they've got over 50 countries

countries are clamoring to make a deal. And for some reason, they're not, the Trump administration is not in any kind of rush. They're letting them sweat it a little bit if you want to even fucking believe them. Yeah, that's, so, uh, he went golfing. I think he won his golf tournament. So, uh, that's great. Congratulations to Trump. That's huge. Um, if you click on that, some countries are working on deals. This is from, I mean, it's from Fox News, which is basically just state run media at this point. So, uh, we'll see. But they've got a list of all the countries that apparently Israel's working with them. Netanyahu came. Japan made the same. They said, look, we'll fly in to make a deal. U.K. wants to make a deal. Vietnam. It's all...

Cambodia, Thailand, India, South Korea, Australia. Of course, Austria, Argentina, Argentina, Canada, Mexico, Switzerland, Malaysia, European Union, Indonesia. So what's the hold up? But it's a very confusing thing, right? So like I was alluding to, people are saying like, Okay, this is going to cause so much chaos. We'll just eliminate all the tariffs like you want. It's not enough. White House Trade Advisor Pete Navarro said yesterday that Vietnam's offered to eliminate tariffs

on all U.S. products wasn't enough. Let's take Vietnam. When they come to us and say, we'll go to zero tariffs, that means nothing to us because it's the non-tariff cheating that matters. They're just like, every time they start to get what they want,

they're like, no, no, no, no, no, no, it's more. Yeah. Non-tariff cheating. You dirty Vietnamese are cheating too much. They think that Chinese products are now being routed through Vietnam. They also want to, like,

crackdown on intellectual property theft and the value-added tax. There's... Yeah, they hate the VAT. VAT. But... China... Most alarmingly...

What? The one they want to make a deal so bad... China. ...is not into it at all. And they're not fucking into it. Yeah. Trump posted on social media that unless China gets rid of

their retaliatory 34% tariff on United States goods that it announced to counter the to counter our latest tariff, he'd slap another 50% import tax on Chinese products and would refuse to enter talks. And I think as of this recording, yeah, Trump party, he's already done it. He's up to 104%. At midnight, at midnight, 104% tariffs on China. All right. Cool. Well, at least we're going to get rich. At least we're all going to get rich again. That's pretty good. All right, hey, guys. We want to take a quick break to talk a little bit about something that I think all men can relate to.

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Restrictions apply. See website for full details and important safety of information. So... The president says, China wants to make a deal badly, but they don't know how to get it started. Yeah. They don't seem eager to make a deal with you, pal.

Yeah, they actually said, like their official state media said that they're willing, or they're willing to fight to the end. is what they said. I don't doubt it. Let's do it. And not only that, I think Trump is really overplaying his hand. I think he's, I think he thinks that he's in a much better situation than he is.

Yeah. I think that China is way better suited to ride out this trade war than the U.S. is. I think we're going to, if he wants to go this route, we're going to feel a lot of pain. And I think China has already, they're much more nimble than us. They're not, it's, they have this, you know, one-party system. They're in control of everything. They're in control of their. Everybody's behind them.

Yeah, everyone's behind them. They're in control of their banking system. They can take quick measures. I think they've already floated stuff like, you know, injections of cash to make sure that their own people can buy these goods that they now are going to not. Because America is a huge customer for them. no denying it, but they've also proven in other sectors that they can do without the American sector. B-Y-D. They're selling more electric vehicles than Tesla. And they're better. They're much better. And they're better. They're already, they just got to prove for air taxis and

that that I show speed just rode in one. And his reaction was pretty epic. I don't think, yeah, I don't think Trump knows what he's doing here. Yeah. I get that feeling that that that he has no effing idea what he's doing. Nobody really knows what he's doing. Nobody has a clue, which is part of four-dimensional chess, I suppose. And part of why the market did what it did. Yeah, yeah. Part of why the market did be doing what it do. I tried explaining all this to a couple people who asked me about it last night while I was on mushroom chocolate. It was very hard. You on mushroom chocolate last night? No, or this weekend. Sorry, this weekend. I was standing there going, well, thinking, okay, okay. And just trying my darn just to explain it. And I couldn't

do it. I couldn't do it. And I had a beer in my hand. Explain what they want to explain. I just what's going on with all this stuff? Yeah. The tariffs. I think part of the problem is that if you were seeking some kind of logical explanation, you are, it's a fool's errand. This is a, this is a madman. He's a, it's all nonsense. Yeah. Well, speaking of nonsense, let's get into how the market has reacted so far. We had some massive drops all last week that were historic. Let's take a look at this. This is what I love about data nerds. So this guy, Ryan Cummings, showed that the past two days, as of last week, had been nothing short of historically bad. They were worse than 99.9% of other trading days since 1929. It was the fifth worst two-day window for stocks since 1945. It is arguably the singular major

drawdown resulting from a policy choice by the president. You can see there's a massive bell curve showing historical two-day long, or two-day returns. Oh, if you, yeah, the, what day was that April 4th, April 3rd. So April 3rd was worse the 99.6% of trading days since 1929 and the 95th worst day of all time out of 24,000 days in the 35th worst day since 1945. Isn't that a fun stat? Pretty fun, huh? It was that bad, but hey, we're all still breathing. I'm not broke yet. Yeah. So this week started bad yesterday, uh, which which is three days ago for you guys yesterday for us. We're talking about Monday. Monday. It started bad, but then we had, and I started the day down big, big, big. I was pooping in my pants.

So there I'm there. I had a very funny experience with pooping because I literally, I got up in the morning and I'm on the toilet and I was so curious what was going to happen. Yeah, buddy, every time I guess it on the toilet, I'm curious what's going to happen. I just woke it up and I'm like, you know, what did the markets do? Yeah. So I'm looking, and there's this big spike. So before I even opened Twitter or saw anything, saw any news stuff, I'm going, what's the hell happen there?

Big spike and then drop. Not quite. So I started the day down over $100,000 in my trading account. And I was like, this is going to be a crappy week. This is just a crappy start to a Monday. It's like 6.30 in the morning. I'm just sitting there going, ah, man. and yeah

we had this guy so there's this fella out there who's at on Twitter is Delta 1 and his username is Walter Bloomberg and it's like one of those Twitter aggregators yeah and I have I've never thought twice about this guy

but he has been on my special finance Twitter list for years you see him every damn day if you were at all in the Twitter space finance Twitter space you see him all the time him. And this guy tweets out, basically what he does, by the way, he's got like 850,000 followers. It's funny. His name is not Walter, as it turns out. His last name is not Bloomberg. He's not

associated with Bloomberg whatsoever. And like you said, he's an aggregator. He takes actual news that is behind a paywall on like Bloomberg. And then he posts it on Twitter like super, he's probably got a bot doing it or something. So that he gets the, uh, and engagement. And what he did was he misheard something and tweeted out that Trump was going to delay these tariffs by 90 days. And the S&P ripped 400 points, just shot up 400 points, adding somewhere between $1 and $2 trillion in value in minutes. And then, yeah, the White House came out. They refuted it. They're like, no. We're full same ahead on this. And then everything just kind of like started coming back down again.

It was, it was something to marvel at because I fortunately, I got long as that was, I didn't, I didn't, I saw actually, yeah, I saw his tweet on, I have a thing that auto refreshes my Twitter list every 20 seconds. And I saw his tweet and I was like, huh, well, I, that's really good news. And I saw the market starting to react, which told me, okay, between this and the way it's trading, this must be. be real. And then I see it in my various chat rooms. Everybody just starts to, it was really incredible. And I traded it in real time. And I went from being down $100,000 to up like $30,000 on the day. And then I ended up closing down. I closed barely. I don't even remember, barely break even on the day. Yeah, I think the last. Thank you, Walter Bloomberg. That I saw was it like, it very quickly added like $3 trillion. And then by the end of the day, just like knock off to an half trillion dollars. And then today, this morning, we gapped up, I don't know,

two, two, three percent and kind of rallied a little bit and then just slowly bled out. I believe the stat was, this is what's fun about these kind of hectic volatility times is there's always records being broken. Today was a record for the most that the S&P has dropped intraday, I guess, from top to bottom.

not always fun records no not always fun it's really turned into a meme coin market yeah just random tweet okay drive it up yeah let everything go back down tweet no good go back down yeah I like that

oh but me see tweet good tweet good Joe buy everything yes yes what does have me feeling like we're close to a bottom is the smell am I right Is that poop? Are we near a bottom?

Anyway, the volatility index, the VIX, is in the 50s. That is very, very high. And historically, you know, when the VIX is getting up there, it doesn't stay up there very long. Although in 2020, it went all the way to like 90s. So there still is room to go. But you can argue that the worst has already been priced in, which is China reacting negatively. and I don't know. So it remains to be seen.

But wouldn't it only get worse and worse? I mean, it can, but at this point, I don't know. With all those other countries getting on our side, I really- Who's getting on our side? Well, not getting on our side, but getting on the phone and trying to make a deal. And Trump's saying, do more, I mean, he's asking for the impossible. I know. That's what's infuriating.

They're negotiating with an idiot. It's, yeah. Hey, everybody, we want to take another quick break to thank favorite sponsor, our longest running sponsor, the show, Moomoo, baby. Huge shout out to Glenn over at Moomu. Mumu's great. You know, there's a lot of, there's a lot of stuff you can use out there, but why are you going to do that when you got Moomoo? They got everything you need, folks. They've got all the news you can need.

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Use code Bayes 60. and make a qualified deposit and claim your rewards now. Yeah, I wish someone would negotiate with a bullet, if you know what I'm saying. They cannot achieve what he's asking for. I know. Like the Vietnam thing. Like, so only America's allowed to, like, cheat? What do you want them to buy?

More B2B SaaS from us? Like, we all, what do we? Well, and also, in the case of Vietnam, can you blame another country to go around regulations so that they're not completely fucking themselves. This coming from Trump, who famously is like, oh, yeah, I took advantage of the tax code. I worked my way. That doesn't make me a cheat.

It makes me smart. Like, get the fuck these people. Anyway, he tweeted then over the weekend. He made up a new word, which absolutely. Not only a new word, he created a new party. So for those of you who have been looking for a third party in this country, we've got one. Your prayers have been answered.

Yeah. He tweeted, the United States has a chance to do something that should have been done decades ago. Don't be weak. Don't be stupid. Don't be a panicking. And then in parentheses, a new party based on weak and stupid people. Be strong, courageous and patient. And greatness will be the result. I love that the little explanation because it doesn't mean anything. Don't be a panicking. A new thing I just made up. It's a new party based on weak and stupid people. let us know if you guys are joining we are looking for a nominee to run in 2028 for the panicking party what is our what is our animal

a bunny what's the weakest stupidest thing you can think of I don't know a rabbit Doug pretty weak and stupid no Doug's not weak and stupid he's just stupid yeah he's just stupid but wait wait what is a

what's like a scaredy cat a cat they can be pretty smart yeah you're right I can't think of anything a dodo a dodo bird No, we'll think of something we'll think of something good. Anyway, and then we had the European stocks dropped to a 16-month low. The Japan Niki got halted overnight.

They hit their circuit breaker. Taiwan had their biggest one-day drop on record. My favorite is the Restoration Hardware CEO. Oh, it's beautiful. Oh, my God. Can we click that, please? The R.H. CEO, the live reaction on a conference call. Do we have, do we have that sound, Bill?

Yeah, yeah. So Gary Friedman's on the call, and apparently is notified in the middle of the call. Real time. That his stock was down 25%. Take a listen. In this race, and I don't know, like, I don't know how sports our stock now. I mean, I guess, I guess, you know, the stock went down, you know, based on some of the numbers we reported, and then it got killed because of, uh...

Oh, really? Oh, shit. Okay. Um, I just looked at the screen. I had to look at it. You know, it got hit when I think the tariffs came out, and, you know, everybody can see in our 10K we're resourcing from, so it's not a secret, and we're not trying to disguise it by putting everything in an Asia bucket, you know, so you can kind of figure it out and do the math.

I think the people, really, that I feel worse for right now is all the manufacturers in China or, you know, people who are invested there, you know, like that, you know, move manufacturing, move their lives to your initial point let's also check out what dipshit Howard Ludnick had to say Letnik talking about

this is him talking about Americans making iPhones great American workers you know we are going to replace the armies of millions of people well remember the army of millions and millions of human beings screwing in little little screws

to make iPhones, that kind of thing is going to come to America, it's going to be automated, and great Americans, the trade craft of America is going to fix them, is going to work on them, they're going to be mechanics, there's going to be HVAC specialist, there's going to be electricians, the trade craft

of America are high school educated Americans. The core of our workforce is going to have the greatest resurgence of jobs in the history of America to work on these high-tech factories, which are all coming to America. That's What's going to build our next generation of America?

Are you concerned? Great American. Man, I actually saw a great, I'm not going to. Millions of Americans working on the robots. Putting in screws. Yeah, into our iPhones. I saw a great. That's what's so confusing.

Everything is so confusing. It's like they talk about how you're going to have millions Americans just like working in factories and then they're like, no, it's all going to be robots. There's actually going to be. But we're going to be working on the robots. The high school educated trades people are going to be working on the robots. Robots. You know who's going to crush it is my hot little brother because there ain't no robot or AI going to take his job away from him anytime soon. And he's in the dang union, the HVAC union. That boy can fix any air conditioner you throw at him. Great. I mean, that's, yeah, I think it was, I'm going to, the Black Rock guy, Larry Fink.

Yeah, Larry Fink. I don't understand this obsession with the manufacturing. Like there's a huge, there's a huge dearth of trades jobs that. people are just not filling and everyone's desperate to bring back these manufacturing jobs. It's also, yeah, I just, I mean, I don't see how this is going to happen. I think the reindustrializing the country is like a kind of insane goal. That would take a very long time, even if they wanted to do it. Also, people have pointed out like really good. Matt Brunig, he's a lawyer. He worked with the NLRB. He's a big labor guy. He was pointing out, you know, I think, I think that people, you know, they don't necessarily miss the factory jobs. They miss, like, union protected jobs where they were provided for with pensions and health benefits, all these things. High pay where they could live middle class lives. And all of that's just been hollowed out. So, you know, he pointed out, even some of these factory jobs we have here, they're going to states where there's no labor protections. They're making. You know, at a Honda factory in Alabama, they're making, they're not living middle class lives.

Yeah. And then he pointed out that, you know, countries with high union density, somewhere like Denmark, a McDonald's employee makes more than someone like one of these factory workers at Honda and Alabama. Two, two things. Two points to that. Number one, I saw a great excerpt from this article about Trump's former advisor, Gary Cohn talking to Trump about this tariff thing. It's from that book. Yeah. And he's like, why do you even want this? He's saying, I just always had.

Yeah, he asks him, what is it, what is it about this that you're, what's the reason that you want these jobs back? Because he tries to remind him, like, most Americans don't want to work in a coal factory or a coal mine and get black lung. They don't want to work on assembly lines. Right. If you had the option between like a decent paying job, do that or a decent job. working in an office sitting down not on your feet all day. They're going to make that choice.

And then the other thing I was going to say is a lot of these right-wing guys try to do a gotcha to people arguing against this whole thing by saying oh so you're okay with slave wages being paid in countries like Vietnam. And it's the opposite of

what's going on in Denmark in that it is a living wage in Vietnam. because they've got a lower that just everything is less expensive there. They're making the equivalent. I can't speak to the like

quality of life. Sure, but it's not, it's not truly like actual slave labor from what I understand. It's like, oh, they're making.

I think there's a lot of exploitative practices all throughout the supply chain. And I don't know if that's a great argument against what the, uh, that seems like a Twitter reply.

I don't know, man. Like actually, They should be happy they're making a dollar a day. As long as it keeps the Air Force ones, whatever, how much fucking Air Force ones cost. Because the global supply chain does present its own

problems that need to be solved. And I don't know if that, yeah. But even outside of what you're saying about, like, the country's not going to be just run on office jobs, though. There are going to be jobs that have to be done.

I think the fact of the matter is like labor needs to be protected and provided for and be able to have jobs that like provide them a way to live a life with dignity. And I think even if it's just a McDonald's worker, I mean, you're seeing in this country, how many people does Starbucks employ in this country? Probably 90 to 100,000. They're all fighting for a living wage. Not only a living wage, but like benefits that they can rely on. So they used to be really good. They would offer part-time employees full health care coverage. Yeah, and so like those McDonald's employees

in Denmark he's talking about, they get the five weeks off that... Yeah, it's really good. I get the five weeks off. That the Denmark government guarantees them. You know, they enjoy all kinds of work protection, pension plans. I get to the pension plan. It's a

hamburger pension plan. So, I really wish there was a I really wish there was a fight for like protecting the actual labor we here instead of just being like, well, if we can just bring these factory jobs back, that for a lot of people were probably really difficult and tough jobs and people, you know, work themselves to the bone to achieve a middle class lifestyle, it's got to be more than just

that. Turn back, turn the factories back on and everything will get better. Hey, gang, we want to take one last quick break to talk a little bit about saving money because God knows we're all going to need to... Oh, isn't that going to be... I mean... You're going to want to pinch every penny with what's coming down the pike here.

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here that this is not financial advice, I have to say, but these are ones that I've personally bought. And let's see. The first one is Reddit. I think that Reddit is nice. I like Reddit. And I use Reddit. and I'm trying to follow my own advice of like, hey, buy what you know.

And I know Reddit and I like it. And so I bought some. And I've been buying it on this way down here. And I think that it's a bit undervalued for what it is. The next one is this, I believe it's Energy Services of America. The ticker symbol is ESOA. This one and the next one are got to give a hat tip to Citrini because they're ones that he's been talking about and researching, but energy services of America does, they do a lot of different

things throughout the Midwest and the East Coast. Primarily, they're dealing, they're doing like energy infrastructure, and they're getting a lot of tailwinds from deregulation from the Trump administration and high demand for natural gas infrastructure. So I bought a bunch of that. next one also a citrini pick alpha technova i believe is the name and the ticker symbol is tkno so there's this one's interesting to me because as he points out in his research there's a lot of reshoring going on in particular in america's biopharma supply chains and to back that up there have been announcements from eli johnson and johnson murk amgen about investing in domestic drug production And what this company does is they have supply, they, they have custom and essential ingredients for therapies and production facilities.

It's like state-of-the-art stuff. They basically provide the ingredients for all this stuff. All right. Speaking of drugs, got to go with my dandruff name, Arcutus, ARQT. That one's been holding up quite nicely relative to the weakness in the market. And I do still be having dandruff, so I do still be using the foam. And I have a lot of it. And I'm also looking to buy some Robin Hood, lastly, because I was seeing all the cool new tools and stuff that they have.

And I think that that's very interesting. And they are kind of leading the whole mobile trading space. How do you feel about lingerie and makeup companies? Isn't that a big recession buy? lingerie specifically i believe they say that they do well in recessions because everybody's horny no because people want to have a way to feel good about themselves but with a way that doesn't break the bank yeah and uh well in that case uh you would have to see if they were made in america or not because like i'm sure elf sure probably comes from vietnam and china same with victoria's secret

what does do well is alcohol. Yeah, no, I know. The vices, yeah. Philip Morris, alcohol. I was trying to build it in. Yeah. This research company was saying that Netflix is recession resistant, which I thought was an interesting take,

because you can still pay only $7.99 or $8.99 for the super cheap. The ad version. Yeah, and you're going to have to do something when you're at home unemployed. Exactly. Going to be on Reddit. Fucking tragic. Going to be on Reddit. Spotify, they for some reason, have his recession resistant, which I kind of disagree with.

I would think that people would cut that. Uber they are saying is now... Especially people are like, fuck it. I'll just put it on with the commercials. Yeah. Yeah. You ever heard of the radio, folks? There's Uber, which they are describing as a utility now, which I kind of disagree with.

DoorDash for convenience. I guess that's kind of true. people still use that no matter what, especially now that they have like Klarna stuff. I mean, I don't know why you wouldn't just cook at home. It's much cheaper. Yeah.

This research company also dislikes exposure, stocks exposed to discretionary spending, like Shopify, Airbnb, booking.com, Expedia, eBay, Etsy, the trade desk, Snapchat, and Roku. Why do they call Roku? I think because of the hardware?

I have no idea. You got to buy the little stick or whatever. Roku stick? I don't know, man. Anyway, that's what I am watching in buying some of, so we'll see how that plays out. Do you have any of that you're watching? You just dollar cost averaging into your Bitcoin? No, I'm still just also doing VTSEX and VTIAX. Did you buy any Europe? Well, just the international fund. Oh, nice. But just sticking with the plan, you know what I mean I do worry about

I was texting a friend about this that I'm getting legitimately worried that America's reign as like top dog investment wise is over and I'm not the only one thinking that now I'm starting to see other people writing articles about it that it's hey

there's no worry it's over you don't have to worry I don't know if it's over but buddy it's not even if he like somehow writes the ship he's torched the reputation the trust

that can be rebuilt sure sure but it's going to be a lot of pain I mean it's it's it's going to be years long before he's out and they

the international community is going to make new agreements and reshape the way this goes I mean China was already making a lot of headway in becoming a global superpower, working with other countries and stuff like that. What is it, what is it called? The Silk Road? No, the Belt and Road program, whatever they have. And America was able to, like, push off a lot of that, just from, like, the goodwill

they've built up over the last. Belt and Road Initiative, yeah. You know, things like when China was, they offered the EU to do all their 5G infrastructure and, um, you know, um, you know, things like when China was, uh, they offered the EU to do all their 5G infrastructure and it would have been a cheaper cost to to the EU, but America was like, no, no, no, we're not going to let you get in bed with China and all this stuff. Everyone's going to be like, fuck off. We don't. Yeah. Oh, so you can then lord it over us like an abusive father or something? And make these nonsensical decisions that like we can't even keep up with. Yeah. Like if there was at least a plan here, if it was like, if it was an unfair deal but a plan, you're like, okay, I guess we can go along with

this, but they're like, we don't even know how to do what you want us to do. Yeah. We're coming at, we're coming to you hat and hand. We'll do the things you want. And they're like, no, more. Yeah. That's probably a good place to now look at how the billionaires out there are quite divided on this. I mean, also just one more thing on that. Not like, I feel like you can't underestimate the Chinese government at this point, too. I mean, it's, they are, they're operating with a plan and trying to execute it. And I mean, this is also like, this is based in their history, right? Like that people are now saying like, oh, America's century of humiliation. That is based off of China's century of humiliations and the unfair deals they took after, you know, the opium

wars and the deals they agreed to after crushing the boxer rebellion, they, there was a national sentiment of like, this is never going to happen to us again. And like they are managing their economy in a way that compared to us, it's just an absolute joke. Yeah. Fun times ahead. Well, crybaby Bill Ackman spent the weekend tweeting a lot, and I fortunately wasn't seeing a lot of it because I didn't have very good signal out in the desert. But from what I did see and was catching up on, he was, Bill Ackman is saying that Trump is losing the confidence of business leaders and should pause what he's doing. And he says if this continues business investment will grind to a halt, people will stop spending, and we will damage our business. reputation for years. Meanwhile, Elon Musk was... Which is, I mean, it's so, like, before that, he was talking about how, like, it's

another master move by Trump, uh, masterful, saying the absolute craziest things, like, sometimes convincing your enemy that you're a fucking moron is the best thing you can do. Yeah. And now he's fully like, please Mr. Trump, call us, he's far before it's too late. This actually might be bad. Yeah. Elon Musk was then, he was getting interviewed. somewhere i i don't know where the hell he was but he was calling in via zoom and was saying that he wants a zero tariff situation and a free trade zone for europe and the united states we don't need to play the clip because he just i can't stand his fucking voice anymore um he called peter so then peter navarro was on tv saying that tesla is a is just an he made a mistake he said that

Tesla is an auto-assembler and not a car manufacturer. And then Elon Musk, of course, had to chime in and call him dumber than a sack of bricks and an R-word. But then... Of course. Meanwhile, we got to play this clip. So then he was... So Elon Musk was live-streaming him playing some stupid fucking video game.

And he's on his private jet trying to showcase... the capabilities of Starlink, and his chat was just getting spammed with people calling him. Let's just play the clip. You ruined the country just like you ruined all your marriages. Anyone spamming the chat. He's spamming the chat. And it was from a guy called Elon Musk is pathetic. Yeah.

Look at this dumb, ugly one. Why is your Tesla company falling apart? And his, he just looks so defeated. He rounds out the eight with grimes. His ex. Elon, it's me, Ashley St. Clair. I have no other means of contacting. Please play your child support.

Thank you, Elon. Look at his shitty face, man. Israel killed JFK. Israel. You have no real friends and we'll die alone. You have no real friends and we'll die alone. Just spamming the chat. And then he's had enough.

and he just uh die die die die die die die die die die die trans rights and the username is Elon is a pedophile connection connection lost uh connection lost

uh turns out Paul connection uh fuck you all right so yeah he's he's he's starting to kind of feel or sense it's interesting him kind of being so close in Trump's ear as an advisor, him saying that he thinks that we should open up trade with the European Union? I wonder if he's speaking out of turn. Well, this is also coupled with his very poor performance in Wisconsin, where he went out,

did his stand this, tried to buy another election, was literally offering people a million dollars, and got absolutely routed, embarrassed. And so much so that Trump floated, floated, some new stories about him, you know, Elon's going to be on his way out from any kind of role in the administration. And, yeah, so it seems like the two of them are kind of, I don't know. Not the closest of butties anymore.

Yeah. You know who had the worst takes was Chimath Palli Hapitia? Of course. You can rely on him. This guy is the biggest fucking asshole. He tweeted, the stock market is crashing. Trump has ruined everything. This is the end.

Or, to quote, the great Dave Chappelle. All right. Already you've lost me. Quote, and hear me out when I say this. You could shut the fuck up. The stock market has simply rung out Biden's last gasp of free money before he lost the election. We are back to where we were a year ago. That's really fucking rich coming from a guy who made hundreds of millions of dollars during said term of free money.

And was pointing out that this was like this was America responding to Trump's guidance on all of this stuff. He has tweets like literally talking about the. rejection of Bidenomics and all this fucking he's just such a fucking piece of shit this guy also what a loser like to quote the great Donald Trump

also uh Dave Chappelle has a literal a joke literally talking about this where he's uh he's going like what the hell's Trump doing like you know we don't want to make the Nike's here I don't want to get a job yeah

you also had JP Morgan CEO Jamie Diamond saying in his annual shareholder a letter that the faster the trade disputes are resolved the He warned that tariffs will slow growth and insinuated that stocks might still be overpriced given the rising risk of recession. So that's not very good. Oh, wait. I put it in the wrong thing, but can you click that?

This was him in January. This was, uh, this was Jamie Diamond talking about the tariffs in January, which is, uh, I think, relevant. An economic tool. That's it. They're an economic weapon, you know, depending how you use it and why I use and stuff like that. And, you know, people argue it's inflationary and non-inflationary. I would put in perspective, if it's a little inflationary, but it's good to, you know, for national security, so be it.

I mean, get over it. National security trumps a little bit more inflation. Now, I get where he's going with that because I think he was assuming that Trump wouldn't come out. He was assuming they were going to do this in a much more... Yeah, in a sensible way. Which there is like, as we were saying on

the live stream, like there is a way to do this, to use it as an economic tool. Yeah. To be more surgical with it and to bolster certain sectors and protect some and whatever. But this is just, there's no rhyme or reason to it. Yeah.

But that's, to believe that though back in January, to put that kind of trust in this person is what bothers me. Yeah. Yeah, it's a lot of people always, it's the Charlie Brown and the football. Everybody, all the people who back Trump constantly assume that, oh, this time he can be trusted. This time he's not going to fuck it up. This time he's not going to, he's not going to be a complete. asshole. I don't know. It must be exhausting. I mean, I can imagine. Anyway, Larry Fink, the Black Rock guy, said, most CEOs I talked to would say we are probably in a recession

right now. So that's pretty cool. But meanwhile, the jobs report that came out last week, we added, I want to say, 220,000 jobs? Yeah, on like 144,000. Yeah. So, I mean, that's, that's a silver lining, I guess. Yeah, but isn't that report based on data previous to this news? Yeah. So it remains to be seen. Just like how there's a lot of data that's going to come out, it's going to be tough because a lot of people are going to rush out to buy shit. They already are. Yeah. They're rushing out to buy things. There was a guy talking about how he went to Best Buy this weekend to buy a laptop charger and it was loaded with people buying crap. You know I'm going to the Greek import store and getting a bunch of olive oil before that stuff goes crazy? Yeah.

Getting as many cans as I can, I can, uh, hit my cross track. Even, uh, getting the honey too. Even, even the, the, the faithful to Trump are quite torn. Ben Shapiro was calling the terrorists. Well, yeah, so that's his little like army of MAGA faithful. Has, that's been the funniest to watch. Yeah. Let's watch this stupid ass. Yesterday, President Trump declared that it was in fact Liberation Day, his giant terror policy,

that you just dropped on the market unilaterally, probably unconstitutionally. Trump's reciprocal tariffs impose hundreds of billions of dollars in new taxes on Americans be the largest tax increase since the Revenue Act of 1968. One of the biggest tax increases on American consumers in the history of America. Again, it's going to cost American consumers. It will cost American producers who use inputs from other countries. The Dow Jones Industrial Average plummeted immediately more than 1,000 points. The S&P 500 plummeted more than 3%.

The NASDAQ plummeted almost 4.5%. there are real world implications for this sort of stuff trade wars are in fact not good and not easy to win particularly if you don't actually have a plan it is predicated on a bad idea of how international trade works a fundamental misunderstanding of trade deficits oh you don't say deficits are a they're an accounting procedure trade deficits have pretty much nothing to do with the health of an economy i can name you a period in american history where there was a fairly large surplus in the balance of trade the entire great depression it is honestly it's genuinely shocking to see him kind of just talk sense into people of like this trade deficits thing and because if you if you

click the benny johnson one oh god this guy's such a massive piece of shit before you even play it i mean good for ben shapiro for at least like having some intellectual honesty there because what's happening i mean so much of this uh whatever right wing media sphere is, it's very easy. I mean, the playbook is like, okay, what, what woke thing am I pissed at today? Let's fire up the cameras. Let's talk about how this is bad for America writ large because of whatever racist, sexist, transphobic thing you've got for the day. And I mean, you're seeing when you were going over to Fox News while all this was happening, of course, they're focusing on trans athletes. It's, it's their bread and butter. And this is what they're having to do

when, you know, they've got to respond to fans who are like, wait, but what am I supposed to think about this? What am I supposed to think about this trade war stuff? And here's, here's Benny Johnson's response. Losing money costs you nothing. This is just the reality of life. I don't wait, pause it. How do the fuck, even starting there, losing money costs you nothing? It actually costs you a lot. Yeah, it costs you the amount that you lost. Fucking moron, if I have $100 and I lose $50. I've lost $50. Cocksucker. Go back a little bit. This is just the reality of life.

Like, were you young and dumb? How much money does you lose? Everyone loses money. Everyone loses money. It costs you nothing. In fact, it builds quite a bit of character. In fact, you learn a lot of lessons, actually, by losing money. Losing your character costs you everything. Losing your country, it costs you everything. There are things you can't get back. The government can print more money and it will, sadly. It's a reality. Fagazi, it's Fagazi.

It's just so there's a boom and a bust every 10 years and it's been that way since the invention of modern modern world. I mean, you can pause it.

It just goes on like this fucking bullshit. I just can't believe it. This guy has no soul. What are you young and dumb? You lost a little money. He's pitching to you. A good thing has happened to you.

You're going to experience hard times and you're going to have character growth because of it. Donald Trump has gifted you with character growth. You cannot, once you lose your country, it's over.

losing money whatever it's wild to see the total 180 that all of these guys you would think that it would expose them to their audience as for who they really are and what they really are which is nothing more than propaganda mouthpieces to to sing the praises of trump no matter the cost no matter what's happening um there could be nukes like on their way to drop on our heads and they'd be going, actually, this is really good. I mean, guys, get over it. You're going to die really fast. What's the big deal?

You're making a sacrifice for the greater good. Watching someone try to spend you losing your money as a good thing is particularly... I mean, and they were fucking... We had to listen to these assholes. Well, that's the thing. Bitching about shit for the longest time about the price of eggs, the price of gas, the price of every fucking thing going up, blaming it on Biden as if he's got a lever in his arm.

office that he can pull to make things drop. Just that on its face, a fundamental misunderstanding of how things work. But now that their guy's in power, and now that the tables have turned, they're now making it, oh, well, this is just a little temporary setback and something that you, as a patriot, should be willing to endure for the greater good. And it's just fucking exhausting. It's disingenuous. It's intellectually dishonest. Will any of their fans and any of their viewers wake up to this? Highly fucking doubtful. Well, I don't know. I mean, so the, The approval rating finally went negative for Trump. It's down to 43%, which is surprising.

But people pulled up, Benny Johnson himself had like so many tweets about groceries, Groceries, like Kamala's going to fuck up your groceries, groceries, groceries, groceries, groceries. That's the thing they're always telling on themselves. Right. But so this is, this is, people probably saw it over the weekend or something. He had maybe some viral tweet that he lost $7 million.

This is an update on Dave Portnoy. Let's see what he has to say about his. Oh, boy. viral when I said I lost $7 million. I'd kill to be back to losing $7 million. I haven't even looked. If I had to guess them down in these last three days, probably close to 20. I don't know, like 10, 15% of my net worth, poof.

But I'm still here. That's the game. That's what I'm in. Like, do I like it? No. Am I crying? Am I like, oh, whoa, it's me. I wish I voted for Kamala.

No? Do I wish this didn't go down like this? Yes. Am I in this to make money? Yes. Do I wish I had that money in my back in my investment portfolio? Jeez, dude. I mean, just to hire a fucking professional.

This top, like, this is on both sides. Like, so many of the people I'm seeing, everyone's so pissed at the other side that everyone is genuinely willing to like suicide packed. Let's ride this to the fucking bottom. And so it's not just. it's not just you know the right wing people this is presumably a liberal only 85 to 90% to go every single one of these chuds voted for trump on the presumption that his policies would only affect the people that they want to suffer it's actually so so cathartic that they're also suffering yeah and it's just like in fact go go back to let's go back to the outline we're all willing to just like play that maga faithful dorks kill ourselves so we can we can see the other people die as well yeah here's this guy tweeted out, I have no 401k. You think I are my friends, give a fuck. We voted for a cleansing

fire to burn it all down. We know we can rebuild for our ancestors built this, but our enemies rely on the infrastructure as it is. Burn it and they crumble. And I just, I, yeah, I mean, I feel like that perfectly. We already knew that, though, about a lot of Trump's base, at least in particular, the young men. The response, you are a loser, man. You're going to get poorer and angry and nothing in your life will actually improve. Okay, so if nothing will improve as it is, I will happily see all, see it all reduce to charcoal. Yeah, it's just a bunch

of guys being, they're all the joker. They're just, I don't care. I, whatever. I have nothing, so I'm going to make you all miserable with me. And I get it. I can understand if I were miserable and broke and had nothing going for me

and I was an angry, bitter young man. But there's also glee on the, I mean, seeing that clip of Kamala fucking cackle about the like I told you so thing was I didn't see that like is that this weekend it was yeah it was just like

let me see if I can find it I did like that there was a good pretty fun use of AI I saw this weekend which was Kamala and Hillary writing around in a pink did you see that? Yeah I sent you the AI thing yeah people stay quiet we are seeing organizations stay quiet we are seeing those who are capitulating to clearly unconstitutional threats and these are the things that we are witnessing each day in these last few months in our country

And it understandably creates a great sense of fear. Because, you know, there were many things that we knew would happen. Many things, I'm not here, so I told you so. But I'll say this, fear has a, and I think that's just, I mean, rather than learning any lessons about like what, what, what people were angry about why they maybe lost an election that should have been a layup for them once again, rather than, you know, do that leadership of the party, Chuck Schumer himself said, you know, the plan is basically let things get as bad as they can and they'll come running back. react to us. They'll have to. Yeah. We don't want to change, even though people didn't like what we had to offer. We'll just, look, things are going to get bad for people. They'll have no choice. What else are they going to do? Vote for the panikins? Yeah, well, I'll be the leader of the panikins. So vote for me, for sure. So let's,

in our last few minutes here, let's look at the impact, shall we? Let's burn through this. Oh, man. According to stand-up maths, the guy on YouTube, the inflation could see could go to as much as uh 10% so i hope he's wrong then we've got layoffs already starting stalantis the auto manufacturer has laid people has started laying people off whirlpool the um what do you call those appliance manufacturers started laying people off cleveland cliffs which is a steel uh domestic steel company has already started laying people off and ski do this is devastating to me ski do. Won't someone think of the jet skis?

Won't someone think of that jet ski? Jet skis. And it's not just jet skis. It's snowmobiles, but they are, they're made by Bombardier, which is the airplane manufacturer. They also do Bombardier recreational products. And they are, they told investors in a March 26th earning call to expect a $40 million impact on the business.

So that's one. So that's not fun. And then the gamers won't someone think of the gamers, the Nintendo Switch to. Dude, Nintendo came out with huge news. Nintendo Switch 2 is finally coming. People were already a little peeved. Do you know why? Because they were upping the price

from, I guess when it came out in 2017, it was about $300 and now the new price tag is going to be about $450. Oh my God. Can you imagine asking mom and dad for a little bit more money for your Nintendo Switch? That's going to be humiliated for so many of these gamers. But now they're pausing the whole thing

with this uncertainty. Also, you know, it's very funny when I was looking all this up. Do you know what the Nintendo of America president's name is? Is it Japanese? No, it's Doug Bowser. You guys got... No way!

You guys got Bowser running your goddamn guy. What? President Doug Bowser. That's insane. What? Wow. He kind of looks like Bowser a little bit. I was reading some article on The Verge or something.

I was going, okay, are you... You mean to tell him? me. Doug Bowser. That's pretty effing cool, man. That's pretty cool. Isn't that a little dangerous, though? Why? Because Bowser's the bad guy? Yeah. Yeah, but he's still part of the universe. Maybe he's, you know, he's trying to ruin the company from the inside. No, he's not like that. He just wants to kidnap the princess. So, keep around that guy's hard drives, I guess. That would be like Chevy hiring Henry Ford's ghosts. Yeah. Freddie Ford is the, yeah. Charlie Cadillac is the president of GMC.

Well, that wouldn't be that weird, though, because Cadillac's a GM. I hate myself for saying that then. Nomura, which is an investment bank, came out with a note saying, there is real risk that this administration's policy is on a path to undo 30 years of globalization and jeopardize decades more of global alliances. So that's good. That's good. Because, yeah, like we said, no one's going to want to trade with us anymore if they don't trust us. also if we're being unfair and mean.

Not only that. American companies cannot keep track of what they're supposed to do. I mean, amid all this uncertainty, big corporations are obviously seeing this. Nintendo is making their choice. Microsoft canceled plans for two data centers in Ohio. They're going to lose a bunch of jobs there, not just in the people who are going to be working at the plants, but also the construction of those plants. It's just going to reverberate.

Talk to anyone with a small business who operates on a small margin and relies on stability. It's just going to be disastrous for people. But hopefully in the interim we'll see some relief bouncing going on in the markets because it's pretty much pricing in right now. It seems to be pricing in the worst case scenario. And when that happens, there's not a whole lot more downside that could happen. I don't know. Also, there's so much that we didn't cover because there's so much stuff going on.

But just this element of, you know, you're talking about the market, I feel like people are misunderstanding what's going on with the market. They're just going like, big deal. Like anyone who's saying like, well, I don't have any money in the market, like, so it doesn't fucking matter to me. It does. It does to you. Like, that is a response to what the industry feels is going to happen.

They're responding to like how the outlook of all of these decisions is going to impact industry in America. There's going to be less money available for all of these companies. When people, when they have to start making cutbacks, the first thing they're going to do is it's going to go to labor. They're going to shrink the labor size. There's going to be massive cuts. That means there's on top of all of this, there's going to be less space. bending on all kinds of things. It's just going to be a horrible decision,

like just a horrible situation for people. It doesn't mean just because you don't own any stocks that you don't have to worry about what's going on over there. It's, it pretends a much worse situation. Yeah. It's pretty bad. There's so many, like, confusing narratives here. It's not that you shouldn't.

So I just want to say, though, that telling people that they should care is a little tough because obviously there's nothing you can do about it and I can understand the allure of some kind of apathy. Not care, but not cheer it on. Yeah, yeah, yeah. You definitely don't want to be cheering it on. You're like, let's ride this thing to the bottom.

I mean, also, whether you like it or not, we've talked about this many times on the show, the way we've structured this current system, the only way to have any kind of retirement plan in this country relies on the strength of the American stock market. So we're all just lighting our own chance at future prosperity on fire. I thought we're going to say lighting our own farts on fire. That's basically what we're doing.

Yeah, it's basically what we're doing. Trying to like counteract all of this insane, all of these insane narratives, so much stuff just based on pure hatred. I'm sure you saw the, the, remember the, like, I don't even know what they're saying. Those women in the office were like, in a circle like, ba, ba, ba, ba, ba, da, da, da, da, pretty girl in a ba, blah, blah. Yeah. Well, some guy reposted it, it went viral of, like, tariffs or this, tariffs. And it's just such as. Unbelievable.

You really can't discount how much just hate men have. Yeah, just so much of this movement. is based on misogyny and just like, and of course, that Derek guy, die workwear guy on Twitter who's always dunking on people, reposted it. He's always got receipts. The company that was doing that, it's an Australian skincare company. Those women are part of, and that Gen Z whatever and a boss, she started an Australian skincare company that makes their products with Australian labor.

in Australia and it's like what what do you want them to do? They're annoying women they're being annoying at work you're just pissed they're being annoying at work because women have jobs

and are having fun and I get it he's probably do if he'd be like it was just a joke lib you're like fucking overreacting blah blah blah

it's just this fucking sentiment is just so frustrating when you're talking about watching everything burn yeah well folks

let us know what you think in the comments. I think now's a good time to wrap up and go into the bonus. Spendingamielshow.com. Stay dry out there, keep your chin up, and, you know, don't, don't, um... I would say don't fall into this apathy trap. Yeah, yeah. You know... Appet trap.

Someone has to, like, fight against it. It's easy to just want to, uh, create an entire person. personality around hoping the other side loses like everyone else is doing, but that, when you do that, yeah, we're just sinking ourselves. And then this is just, yeah. Okay, folks, thanks for watching. I see you in the bonus. Coming up on this week's episode of Ben and Emile Show.com. Oh my God. You know me. I brought all my shit in grocery bags. Which is just psychotic. No, it's not. No, it's not. I didn't want to put it in a dough. I don't because I have grocery bags. Why can't I use grocery bags? Because they're not very sturdy. They are sturdy.

They're double bags. Yeah, folks, when I go away for like two days, I'm putting my shit in paper grocery bags. Yeah. I get use out of the bags. And then I toss them when I'm done because they're all wrinkled up. And I'm like, now you've served too much of it. And I just said, I'll just sleep out on the couch. It's fine.

But I woke up on the first night and I had to pee. and I didn't want to disturb anybody by going into the bathroom. So I just peed in the kitchen sink. What? What's matter? Just go to the bathroom. I didn't want to disturb anybody.

It's a crazy move. I was like, I'll just be quiet out here. I don't like that. Does that make you his biological father? No, because that would imply that I fucked a dog. Well, so you're his adoptive father. Even though I did have a crush on the dog from the movie babe

when I was a kid you didn't fuck it though no of course I didn't fuck the dog I wouldn't even how would I have had access to the dog you brought it up by the way so don't yeah but I didn't imply

that you made it sexual you said I did not fuck a dog even though I had a crush on ex dog