The Daily Signal - Inflation Drops, Stocks Wobble, House Passes SAVE Act & Budget | April 11, 2025

Episode Date: April 11, 2025

On today’s Top News in 10, we cover: Inflation drops as the stock market wobbles. The House of Representatives barely passes the government resolution and the SAVE Act The Left’s complaints reach record discordance. Keep Up With The Daily Signal Sign up for our email newsletters: https://www.dailysignal.com/email     Subscribe to our other shows:  The Tony Kinnett Cast: https://www.dailysignal.com/the-tony-kinnett-cast  Problematic Women: https://www.dailysignal.com/problematic-women  The Signal Sitdown: https://www.dailysignal.com/the-signal-sitdown    Follow The Daily Signal:  X: https://x.com/DailySignal  Instagram: https://www.instagram.com/thedailysignal/  Facebook: https://www.facebook.com/TheDailySignalNews/  Truth Social: https://truthsocial.com/@DailySignal  YouTube: https://www.youtube.com/user/DailySignal  Rumble: https://rumble.com/c/TheDailySignal    Thanks for making The Daily Signal Podcast your trusted source for the day’s top news. Subscribe on your favorite podcast platform and never miss an episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

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We'd love to talk, business. Inflation reaches its lowest point in several years as the stock market wobbles. The House of Representatives barely passes the government funding resolution and the SAVE Act. And the left's complaints reach record discordance. I'm Tony Kinnett from the Daily Signals, Tony Kinnett cast, syndicated nationally at 7 p.m. Eastern. It is Friday, April 11, 2025. This is the Daily Signals top news in 10. U.S. inflation for March fell to an annual rate of 2.4% lower than the expected 2.5. This marks the first time since March of 2021 that the core CPI inflation, that's the Consumer Price Index,

has dropped below 3%. Month over month consumer prices decreased by 0.1%. That's the first such decline since the onset of the COVID-19 era. The decrease in inflation was influenced by things like falling energy prices, particularly stable gasoline prices, along with reductions in prescription drug prices, airfare used vehicles, and car insurance. While the Trump administration attributes these improvements to economic policies, critics over on the left argue that there is a distinction between controlling inflation and the actual levels of price. And then, of course, we need to take into

account whether or not the tariffs on China and the 10% base tariff for non-reciprocal tariff nations, whether or not we're going to see that effect inflation in April. Speaking of China, the Trump administration held a cabinet meeting yesterday, and during this particular meeting, President Trump responded to a question about a couple of actions the communist Chinese government was taking to influence the United States in its trade war. Mr. President, China retaliated today by reducing the number of American films that can be shown there. What's your reaction to them?

now targeting cultural experts from the United States? I think I've heard of worse things. Yes, first. The markets had a roller coaster of a day yesterday up and down. The Dow finishing with a loss of 2.5% down just over 1,000 points. The NASDAQ down 737 points. That's about 4.3%. And the S&P 500 down $100,000.

88 points, about 3.4%. These particular fluctuations are largely due to the uncertainty on about two things. Number one, whether or not the Republican House of Representatives and the Senate, we're going to get their act together to pass the government funding resolution. As well as whether or not the Trump administration was going to negotiate any specific deals, zero-for-zero-zero trade, for example, with other countries as Scott Bessent has been talking about. regarding the 70 plus nations who have come to the United States in one form or another to seek reprieve from the tariffs. Of course, given how close China and the United States have been, in their import and export back and forth, there is a lot of uncertainty in the industrial and in the tech sectors as to how this escalating trade war between China and the United States is going to pan out in the long term. Regarding that budget resolution for fiscal year 2025,

it passed the House with a vote of 216 in favor to 214 against. Now, these numbers are a little bit different than the continuing resolution for a couple of reasons. Whereas during the continuing resolution process, you saw one Democrat come over from Maine to vote in favor with the Republicans, while Representative Thomas Massey of Kentucky voted against from the Republican side. This time you had both Representative Victoria Sparts from Indiana, and Representative Thomas Massey from the Republican side of the aisle vote against it. Two Democrat representatives did pass away between earlier resolution discussions and the passage of this bill, which Hakeem Jeffries made special mention of in a statement yesterday.

Passing this initial budget resolution should have been a slam dunk for Republicans. They had to pull the bill down off the floor last night and barely struggled to pass it today. we had two tragic deaths in the House Democratic caucus. Had those deaths not occurred last month, Republicans could not have even passed the bill today. It's week three of Canadian tires early Black Friday sale. These prices won't go lower this year. Maybe too long.

Freezing. Save up to 50% November 20th to 27th. Conditions apply, details online. Jeffries was criticized for what was described as using the deaths of the two former members of the Democratic side of the House as political. props. That brings us over to the Save Act, the Safeguard American Voter Eligibility Act that passed the House yesterday with a vote of 220 in favor to 208 against. Four House Democrats broke Hakeem Jeffrey's ranks and joined all 216 Republicans to pass the election integrity measure. These four

Democrats who sided with the GOP were Representative Jared Golden of Maine, who was the one Democrat who voted for the continuing resolution back earlier this year. Also, Mary Glucon-Camp-Perez of Washington State, Henry Quayar of Texas, and Ed Case of Hawaii. The Save Act requires individuals to provide documentary proof of U.S. citizenship when registering to vote in federal elections. Specifically, the bill prohibits states from accepting and processing an application to register to vote in a federal election unless the applicant presents documentary proof of U.S. citizenship. The bill specifies what documents are considered acceptable proof of U.S. citizenship,

such as identification that complies with the Real ID Act of 2005 that indicates U.S. citizenship, something that is currently required in order to fly on a domestic flight here in the United States. Furthermore, the bill prohibits states from registering an individual to vote in a federal election unless, at the time the individual applies to register to vote, the individual provides documents, documentary proof of U.S. citizenship, and it requires states to establish an alternative process under which an applicant may submit other additional evidence to demonstrate there being a citizen of the United States. Lastly, states must remove non-citizens from their official lists of eligible voters. Democrats like Representative Becca Belint of Vermont tried to claim that if you

got married and then you changed your name, then your ID wouldn't match the ID of your birth certificate and therefore if you don't have a passport and your ID doesn't match your birth certificate, that means you can't prove your citizenship according to the SAVE Act and you won't be able to vote. This isn't true. See, people in the United States have something called a social security number and when you get married, you see you actually go through a process of alerting the Social Security Administration that your name has changed and then they update records as necessary. And in all 50 states, even if you change your name due to a marriage or a divorce, there are processes in place in which you can show your identification and that your name has changed and that you are indeed who you say you are. Hillary Clinton tried to make the same case suggesting 69 million women whose married names don't match their birth certificates were going to be disenfranchised. This is untrue.

Sunny Hosten of the View went one step further and said that this was going to be especially hard on black women who I guess find it more difficult to get a hold of identification. Don't have cars, don't have drivers licenses. So it's sort of a vestige of, I think, post-slavery laws where they, where black people had to prove their right to vote. And oftentimes they couldn't vote because they couldn't pass some crazy. test or they didn't have the appropriate ID. It also affects women, women that are married. Maybe one, your passport reflects something that's different on your, on your birth certificate or on your driver's license. So really, the bottom line is voter suppression. And I agree with him 100%. It's a brilliant notion that less voter ID laws allows more people to vote. And most democracies do it that way. We're the

only ones that really don't do it that way. Right. I mean, on the left side, of the aisle, the response to the Trump administration doesn't just stop with strange claims about the SAVE Act and whether or not women will be disenfranchised or what color women find it more difficult to gain access to identification. Chris Matthews, over on MSNBC, made a rather interesting claim about the United States no longer importing lumber. But there's some of the thing. I watched on the evening news last night, one of the other networks, and I watched the issue of lumber. Now, you see, we get so much of our lumber, our two-by-fours, is from Canada. What's where we get it from? Canada. We got our newsprint from up there for

newspapers. The fact is we get it, what are we going to do, have more lumber made in the United States now? What is our plan now? Oh, we're not going to import wood, so we're going to make more wood? We're going to create more wood. Is that it? I don't think we're in a position to simply replicate the imports coming into this country with our own products. They can't always be done. And I think a wood's example of that, wood, are we going to make more wood in this country because of our trade deal? I don't think so.

Although a particularly recent technological advancement, agriculture is the process in which one plants, new plants, in order to get more of those plants. We'll bring you more information about this breakthrough technology as more information becomes available. CNN advertised a major town hall for Democratic Senator from Vermont, Bernie Sanders, who's been going on tour with Representative Alexandria Ocasio Cortez of New York around the country, preaching about fighting the oligarchy and the virtues of socialism. In this particular town hall, Sanders and Anderson Cooper, an anchor over on CNN, took a question from a young lady who then corrected Anderson Cooper on her pronouns.

Sanders. I want to introduce Grace Thomas. She's a local civil rights attorney. She's a Democrat, right? It's the then pronouns, actually. Thank you. Oh. The evening, Senator Sanders. Polling and turnout data indicate that men of all racial demographics are turning away from the Democratic Party. But of course, the irony of asking Senator Sanders why individuals weren't flocking to join the Democratic Party while simultaneously correcting Sanders and Cooper on her pronouns was lost in the moment. Before you go, check the description to make sure you're subscribed to the Tony Kinnettcast and join us tonight at 7 p.m. for a more thorough look at the aviation accidents yesterday,

both in Washington, D.C., with members of Congress on board and the tragic situation in New York, as well as the Supreme Court's 9-0 ruling, which has me questioning the reading comprehension standards our public schools produce. I'm Tony Kinnett, and this has been The Daily Signals, top news in 10. Take care.