The Trish Regan Show - Supreme Court Hands Trump a SHOCKING WIN Against Letitia James

Episode Date: April 7, 2025

Leticia James is not happy. The Supreme Court just handed the Trump Administration a huge, albeit temporary, win. Plus, markets are WILD…and yet, there may be a light at the end of this tunnel. Trish Regan is LIVE!! JOIN US for all things markets and politics...and a little culture too. SEE YOU HERE. SUBSCRIBE TO MY CHANNEL: https://Youtube.com/TrishReganChannel Become a TEAM MEMBER to get special access and perks: ▶️ https://www.youtube.com/channel/UCBlMo25WDUKJNQ7G8sAk4Zw/join 🟢For independent views on the market - sign up for my financial newsletter The 76report at: ▶️ https://76research.com with CODE: DOLLAR today. Today’s show is sponsored by: 🟢https://TrishLovesGold.com — American Hartford Gold — go to: ▶️ Https://TrishLovesGold.com or TEXT TRISH to 65532 to receive up to $15,000 in free silver with American Hartford Gold or go to https://TrishLovesGold.com. You can also use Trish's name when calling 1-844-495-1115. 🟢 Go to ▶️ https://balanceofnature.com and use CODE: TRISH for 35% off and FREE SHIPPING 🟢 Go to ▶️ https://2025JCNSummitt.com for tickets to Job Creators Network Event in Georgia! Use CODE: Salem Learn more about your ad choices. Visit megaphone.fm/adchoices

a lot going on at this moment in time. Supreme Court kind of smacking down one Letitia James here, if you would. This is a huge deal, you guys. Welcome to the program. My own Trish Regan. This is Trish Riegan. We're going to talk all about Latisha's latest woe here. Looks like New York's not going to get any of that money that it was counting on. And then, of course, well, you've got questions still mounting about just why exactly Donald Trump toss out that head of the NSA as well as well, some people there at NSC. We're going to talk about that. Meanwhile, oh my gosh, look at what's going on with China. We've got a market that kind of fell out of bed, but then recovered. I mean, wow, the drama. The drama in the stock market today. We're going to talk

all about that and whether or not volatility is really here to stay. We do know one thing. China is basically toast at this point. Yeah. Like, they need us a lot. We are the only people out there that buy their goods. Who else is going to buy all those Chinese trinkets that are littering your hallways? Yep, that would be the US of A. So Donald Trump threatening now another 50% tariff. Meanwhile, negotiating quite nicely with Japan, because Scott Besant just issued a note. He is sitting down with Japan, and negotiations have begun. In other words, we're going to restructure this thing so that we got the good guys on our side. Welcome to the program. I'm Tushrikan. Make sure you subscribe, share, like, comment, all that good stuff for live.

I'm looking at everything you're talking about. David Lorenzo, good to see you here. Peace of my mind, all of you. All right, ladies and gentlemen, Supreme Court, just issuing kind of a victory, if you would for one Donald Trump. Basically, he put a freeze on all those federal funds that were going to all these states that, well, let's just say aren't really aligned with his way of thinking on such things like immigration, on such things as,

sports, women's sports, and on such things as education, DEI, etc. So he said, you know what, I'm going to actually just put a giant freeze on all the money that you guys are getting. Pam Bondi announced it and, well, they didn't take to it so kindly. In fact, what happened was they decided to sue after his department came out and said, well, you know, Doge is looking at this and we've decided that all of these federal grants need to have a moment in time that we like review them because, quote, the use of federal resources to advance Marxist equity, transgenderism, and Green New Deal, social engineering policies

is a waste of taxpayer dollars that does not improve the day-to-day lives of those we serve. This is according to the acting director of the OMB. He went on to say this temporary pause will provide the administration time to review agency programs and determine the best use of funding for those programs consistent with the law and the president's priorities. To implement these orders, each agency must complete a comprehensive analysis of all their federal financial assistance programs to identify programs, projects, and activities that may be implicated by the president's executive orders. So in other words, they're saying, okay, you guys, you're going to actually show us if this is worth it and whether

or not it's compliant. And if you don't want to, well, we're going to figure it out. Because we've got Elon and we've got Doge. Remember that? Mid-February. Doge was getting in there and seeing where all these crazy, crazy, crazy spending boom-doggles went. And Letitia James at the time went nuts. Elon can't do that, she told us. No one elected Elon Musk and his minions. And no one has allowed him to have access to this information.

This is a violation of the separation of powers. The United States Congress, the United States Congress, United States Senate has a sole discretion in having the power of the purse and not Elon Musk. We are here today to seek a preliminary injunction to stand up against those forces who believe that they can unilaterally have power and have control all in the hands of the president of these United States. Well, that didn't work out so well because what happened was the judge decided, oh yeah, Doge can get in there. I mean, we're not even getting to the Supreme Court stuff,

but they decided that, we'll get there. They decided that, yeah, absolutely, Doge had the authority to do this. Here's Jonathan Turley explaining it, and they need to get inside the books in order to figure out what's going on. You can't wall that stuff off. It's federal money, for goodness sakes. The fact that one of these arguments occurred on President's Day. It's a sort of reminder that we actually do have a president.

There's someone who is in charge of the executive brand. and you have states and judges that is a few that have seemed to have forgotten that, but you're now beginning to see judges come to a more sober realization. I've been mystified by many of these challenges. In my view, the president has this authority. They can see these records. It's a bizarre type of argument, Sandra. Sort of the Bernie-Madoff approach to government efficiency.

You can go ahead and reform, but don't look at the books. I mean, they obviously need to look at. at the receipts they need to look at where the money has gone in order to make these judgments, and they seem to be finding a great deal of waste. And I think that judges that aggressively try to prevent that are likely to be reversed. And Sandra, I think that when they got Judge Chutkin, who is viewed as not exactly supportive of President Trump, they thought this would be a slam dunk. But even Judge Chutkin, they said, look, I don't understand where's my authority here, And where's the imminent harm?

I mean, it's incredibly telling the way the judge responded here. Okay. So that was to allow for Doge to get in and take a look at all this stuff. And then Pam Bondi came out and she said, you know what? We're cutting you all off. And Letitia James went berserk. Remember this one? Not only does this administration's new policy put people at risk, but it is plainly unconstitutional.

The president does not get to decide which laws to enforce. And for whom? When Congress dedicates funding for a program, the president cannot pull that funding on a whim. Well, guess what? He decided to pull it. And by the way, the Supreme Court just backed him. It's a temporary order, but he's certainly been vindicated here. Supreme Court coming out with a decision to stay a preliminary injunction against his freeze on federal grants, basically tens of billions of dollars that we're talking about. Okay, that goes to 21 states, including New York. She's the one that led this whole lawsuit. It's going to have a big effect on all the different aspects of New York government

and the other 20 states here that are involved. So the court falls, the 4th, the April 4 Supreme Court victory, which in some ways could be a major assistance to the Trump administration's attempts to slash the federal budget, if you ask me, you combine these two things together. And what it tells you is that the feds actually have a little bit more power. than you might have thought. So this is a really, really, really big deal. That frees on federal grants that would be going to all these states all over the country, 21 of them in Washington, D.C. as well. They're all fighting this. They've gone through Rhode Island. We've been covering it in

and out sort of the nitty-gritty here on the Trish Regan show. So this is a big deal. Okay, this is a big deal. He's been vindicated and Letitia is in like meltdown mode. I mean, she was not happy. Did you guys see her on Friday. Remember on Friday I actually showed you some of that sound because she really, by the way, John Doyle, thank you. Thank you for the generosity. Much appreciated. We're all independent here on the Trish Regan show. Always appreciate your support. She was out on Friday. Leticia James, did you guys see? Latisha had this complete total melt-out. It's like she knew this was coming. She knew that the Supreme Court was going to come out on Monday and they were going to say, okay, no-go. You do not have access to those federal funds, at least not in the

here and now because Donald Trump, as president and the feds, they have the right to look over where all of this money is going to see if it fits with their policies. And it's like she sensed it, right? Because did you notice how unhinged she was? I mean, she was like completely off the rails, misquoting scripture in the whole nine yards, plus getting in the MLK stuff. I want you to see it. I want you to see it. And if you saw it before, you can watch it again, because this is Letitia in all her prime getting totally crazy. Again, I apologize. Listen, you might need to turn it up.

You might need to turn it up. Seven years after the assassination of Dr. King. And Dr. King talked about that stone of hope. And it's that stone of hope that gives me a fire in my belly each and every morning. It's that stone of hope that allows me to wake up and to stand to Donald Trump and to say, Donald Trump, I'm not afraid of you. It's that stone of hope. It's that stone of hope that.

gives me power, that's that stone of hope and the belief in each and every one of you to let you know that I'm not going to allow my ancestors, all of those who died for me to be in this position, I am not going to disgrace them and disappoint them. I am going to use the law both as a sword and as a shield and challenge Donald Trump. And each and every time he issues an executive and illegal executive order, I am going to stand up to him because he represents to me sincere ignorance and conscientious stupidity. Ooh, she's getting fired up. Ignorance and conscientious stupidity.

And so, DEI, as far as I am concerned, is more than about just black people. Let's be honest. That's right. DEI is about paid parental leave. DEI is about disabled children. DEI calls a number, includes a number of categories. So when they talk about DEI,

let them know that they're not only coming after us, but they're coming after all of us. And we've got to stand together, a stand in community, stand with this great organization under the leadership of our civil rights leader, Reverend Al Sharpton, who has been a light, a bright and shining light in the darkness. But I don't know about you.

It's that stone of hope that inspires me each and every day. And listen, faith and fear can never share the same space. And so I'm covered by the blood. And I'm not afraid of Donald Trump. You can come after me. But no enemy, nothing formed against me will perish. Nothing formed against me. Nothing formed against me.

Nothing formed against me. All right, all right. You go, girl, says Rev Shartan, who collected $500,000 from Kamala's campaign, before he interviewed her on MSNBC. Corruption. We're going to pan over to revs. You thought you could preach, huh? All right, all right.

They're having a good old time. But that was just hours before the news came on the Supreme Court deciding that, you know what? He's got a leg to stand on here. In other words, Leticia James, if New York is spending our federal taxpayer dollars in ways that it should not, whether it be bringing any illegals, whether it be supporting DEI efforts, which the administration has said, and by the way, just take a look at the Constitution, happens to be unconstitutional, then guess what, you're in violation of federal law? And so he doesn't have to give you any money.

Bondi came out and said this few weeks ago, right? Remember? She said, I'm shutting it off. I'm shutting it off because for goodness sakes, you people have no interest in upholding federal law, certainly when it comes to migrants that you're just welcoming in with hotel rooms and ethnically appropriate food to the tune of $300 some odd dollars a week. My gosh, Pam said you guys are all getting sued. And if you don't comply with federal law, we will hold you accountable. We did it to Illinois. Strike one. Strike two. is New York. And if you are a state not complying with federal law, you're next. Get ready.

And the great men and women of law enforcement are standing behind me today. We have FBI, DEA, ATF agents. They put their lives on the line every single day to protect us. And what New York has? They have green light laws, meaning they're giving a green light to any illegal alien in New York where law enforcement officers cannot check their identity if they pull them over. Law enforcement officers do not have access to their background. And if these great men and women pull over someone and don't have access to their background, they have no idea who they're dealing with. And it puts their lives on the line every single day. Violent criminals, gang members, drug traffickers, human smugglers, will no longer terrorize the American people. And that is why we are here

today. You will be held accountable if you do not follow federal law. It's over. It ends and we're coming after you. Okay, well, you better get ready, Pam, because you get a lot of work to do, certainly with one Letitia James. I get it. You stopped her funding. That's fantastic. And now the Supreme Court has said, yeah, at least temporarily, you can totally stop her funding. So Latisha's of money she doesn't have the federal funds to do all these crazy things including well the immigration policies that they were putting in place she is flagrantly flaunting the law here putting on her twitter account new york has laws that protect immigrants and limit cooperation limit imagine that cooperation with federal immigration enforcement efforts what planet are these people

leafing on these laws should be followed by law enforcement and officials in our state i'm always upholding our laws to protect immigrant new yorks are you like your own little little island there? Are you just like another country? If you are, then hey, you know, maybe you should go join Canada. Of course, we might gobble you up too. Just saying. Anyway, these people are unbelievable. Consider, consider what New York has been up against. Consider what Texas has been up against. The entire country has been up against as they've been flooding all of these people in. It's finally come to a stop down 96% since Donald Trump took office. But listen to John Anzvithin. He just testified before Congress a couple of weeks.

ago. This is the guy who's the VP on the border patrol, and he's like, it was nuts. It was nuts, okay? And Letitia wants this. President Biden's executive actions and inactions during his term resulted in an unprecedented security and humanitarian crisis along our borders. It didn't have to be this way, and we have to do whatever we can to prevent it from happening again. Not only was the entire world encouraged to essentially illegally cross our borders, primarily with the goal of of abusing the asylum system, but it caused our agents to be sidelined, left unable to do their jobs. Our job shifted from that of law enforcement to that of processing asylum claims,

since sitting behind computers on a virtual assembly line while illegal aliens disappeared into the country because we weren't there to do it. And a lot of these folks were only discovered later after being arrested for all sorts of crimes, some of them minor and some of them horrific. To put this in context during the 12 years of President's Obama and Trump, there were approximately 1.6 million Godaways across all 12 years. During President Biden's four years, there were over 2 million. Now, this surge overwhelmed our resources and it led to tragic consequences. During President Biden's tenure, we saw an average of 690 deaths at the border per year, with FY22 being the worst, and there were over 900 deaths of people trying to cross the border.

You compare that to an average of 300 deaths of people trying to cross the border. You compare that to an average of 3,000. 170 deaths per year under President Obama and 280 under President Trump. And now all of these deaths are unfortunate, but it gives you an idea of how out of control things were or became over the past four years. Yeah, out of control. Totally out of control. And you've got to start to ask yourself, like, what was this about? You look at what Elon's been finding, right? And there's more to come on that this week.

Elon and Doge have found that they were given out, well, they're saying Social Security numbers. It's mind-boggling, right? to all of these people that were here illegally. And then the next question is, what was going on on the voting process? Because New York wanted 800,000 of them to actually be able to vote in local elections and state elections. 800,000 people here illegally and they get to vote. Are you kidding me? Well, finally, a New York state court actually turned that one down.

800,000 illegals voting in a state election. You see what direction they're taking this in. ladies and gentlemen. So yeah, Letitia's kind of bummed out. Latisha's depressed. Latisha lost. Okay? She lost and she's going to lose again and lose again. I'm annoyed because I'm still waiting on that second court of appeals. I'm still waiting to figure out when they're going to throw that case that she brought against Donald Trump to the tune of $500 plus million dollars, you know, with interest it adds up. When are they going to throw that one out? That's still sitting around, even though those judges no damn well. It has no legal merit. So we're still waiting on that.

And I suspect there's reasons for it, right? They're trying to like hold it out in case they need to go after him, this, that, and the other. But it's pretty gross. You know what else was kind of gross? The craziness in the market today. I got to tell you, gold was down a little bit. Whenever anything's down, like I like to get in. And so actually I was buying just as the market opened. I got some gold. I got some triple Q's, right? Triple Q's. on the NASDAQ, I got some broad exposure in the S&P and some, as they call them diamonds, diamonds over on the Dow. And it's been a wild ride. We've been up down and all around. As we come up on the close of trading right now, I want to point out, I think gold still

suffering a little bit off its highs. You get the NASDAG trading basically flat, the S&P basically flat, the Dow off a percent. It could have been a whole lot worse. Anyway, one of the ways I even out, my portfolio and protect myself against inflation and some of these crazy, crazy moments is through gold. And you can do that too. You know, we're an independent show, so we are thankful for all of our sponsors here. And American Heart for Gold is one of them. You can get up to $15,000 right now in free silver if you text my name, Trish, to 65532 or call them at 1844-495, 1115, up to $15,000 right now in free silver, or you can just go to Trish lovesgold.com. Lovesgold.com. We're going to talk a little bit more about the markets. I'm going to tell you a little bit more about what we've been doing over at 76 research in light of everything. But before we do, I have a question. What about the spies among us? What about the spies that are there, deeply embedded within even, dare I say, the president's inner circle. I wonder, because when I go back to this whole signal gate thing, I keep coming back to the same conclusion. I think this was a setup. I think that there's no way that he just somehow miraculously put in a very liberal reprimal.

by the name of Jeffrey Goldberg, who works at the Atlantic, into his phone. I think Mike Waltz actually would not have done that. Apparently, he was listed as somebody else in his phone. Like, the whole thing makes totally no sense. And so I think Donald Trump's looking at it, and he's like, okay, yeah, no, this really doesn't make sense. And he trusts John Radcliffe, and he trusts Mike Walts and Pete Hagseth, et cetera, and Tulsi. So he's like, how could this have happened?

Is there some kind of security flaw? After all, it was Biden CIA that said, here you go. Go for it. Signal is secure. Go ahead and use it. By the way, you know who's on the board of signal? Six degrees of separation. That would be one, Catherine Marr, who's head of MPR, which, you know, uses all that sort of,

how do I say, USAID money that gets sort of washed and filtered through and then winds up helping to program. That's a whole other story on the kind of money line. that they seem to be doing with these NPR stations because, yeah, your tax debtors, fair dollars do go towards it. Anyway, David Haw got, forgive me, Timothy Haugh got completely canned there on, what, was that Friday, Thursday night at like 11 o'clock? And the news cycle's fast, right?

You're going to keep up, baby. You've got to keep up. He's out. He was in charge of Cyber Command, and everybody's like, oh, it's because of Laura Lumer, this conservative reporter that I know. And I'm like, really? Is that all it is? I mean, hey, you know, more power to her, but I don't think that's it. I think they may be using her as the fall guy, but Donald Trump is looking around and he's saying, hey, wait a second. The head of the NSA actually controls all these communications.

The head of the NSA could certainly get into one's phone, like Michael Waltz's, change contacts. This is conjecture, by the way. I have no inside knowledge on this. I'm just saying, and this is likely what's going through his head. And then you couple that together with, yeah, some of Laura's reporting, which would suggest that maybe he's not as agnostic as you'd think, and I think Donald Trump has left with the conclusion, hey, I need to really make sure I have my own people, my own team here.

And so that's what went down. Here's Laura Lumer's tweet. NSA director Tim Haugh and his deputy, Wendy Noble, have been disloyal to President Trump, and that is why they have been fired. So she feels, and she may have communicated this lack of loyalty. But again, it goes back to one thing. Donald Trump's looking around saying, how did this happen to Mike Waltz,

when we're supposed to have the best cybersecurity around? Can I trust my own peeps here? Can I trust who's actually running the security off, given what Mike is saying, listen to him here on Fox News with Lori Ingram? What staffer is responsible for this right now? Well, look, a staffer wasn't responsible. And look, I take full responsibility. I built the, I built the group to make sure everything's coordinated. But how do the number? I mean, I don't mean to be pedantic here, but how did the number?

Have you ever had somebody's contact that shows their name? And then you have a, and then you have somebody else's number there. Oh, I never make those mistakes. Right? You've got somebody else's number on someone else's contact. So of course I didn't see this loser in the group. It looked like someone else. Now, whether he did it deliberately or it happened in some other technical mean is something we're trying to figure out. So your staffer did not put his contact information. No, no, no, no, no. That's what we're trying to, that's what we're trying to figure out. Okay. But that's a pretty big problem. That is what, if there are numbers.

We've got the best technical minds, right? That's disturbing. And that's where, I mean, I'm sure everybody out there has had a contact where you, it was said one person and then a different phone number. But you've never talked to him before, so how's the number on your phone? I mean, I'm not an expert on any of this, but it's just curious, how's the number on your phone? Well, if you have somebody else's contact and then it, and then somehow it gets sucked in.

It gets sucked in. Was there someone else supposed to be on the chat that wasn't on the chat that you thought was in the person? So the person that I thought was on there was never on there. It was this guy. Who was that person's question? Well, I'm not. Look, Laura, I take responsibility. I built the, I built the group.

Okay. So that's, but look, that's the part that we have to figure out. And that's the part that we, embarrassing, yes. But Pete and I are veterans. We know these operations. He has been an excellent Secretary of Defense, and this was an operation that, I mean, it amazes me. I guess the Democrats were fine to leave all the sea lanes shut down, we're fine to have destroyers fired on dozens of times by this terrorist group, and fine to have Iran keep supplying the missiles. That was okay.

The president takes decisive action, and now we're seeing some real success in taking down their air defenses, opening the sea lanes, taking out their leadership. We don't want to talk about that. We don't want to talk about this. Right. I mean, it was a very, very successful mission. So how did it get derailed with all of this? Now, some people are saying, well, what the heck are they doing on Signal to begin with? You know, they shouldn't have been going back and forth on Signal like this.

Keep in mind, and John Radcliffe said this in the hearings. It was Biden's CIA that said, here you go. Here's Signal. You can use this pretty freely. So that just gives me a little bit of pause. I'm like, oh, okay. Really? And so getting back to what may have given the president pause, as Laura had pointed out, maybe his NSA was not as agnostic or apolitical as the NSA probably should be.

I don't know. Maybe this guy was fantastic. However, given the level of, dare I say, paranoia, given what went down, you can understand how some of her comments are resonating. She wrote, As a Biden appointee, General Howe, had no place serving in the Trump administration given the fact that he was handpicked by General Millie, who was accused to committing treason by President Trump. In other words, General Millie and President Trump, they got a bit of a history. Okay, so this is General Millie's guy, and her point is, understandably, you know, maybe you don't want General Millie's guy. If nothing else, you know, you'll want to be able to sleep at night, for goodness sakes, and, you know,

you don't have to sleep with one eye open. So General Millie's guy gets in there and she's saying, why would we want an NSA director who was referred to Biden after being hand-selected by Millie, who told China, remember Millie, that he would sign with them over Trump? The vetters should have been more critical given the fact that the Pentagon revoked the security detail and clearance for retired General Mark Millie who called President Trump a fascist. Why would we want Millie's handpicked choice for the NSA director? Very good question. Well, she said, we don't. And he was referred for firing. Given the fact that the NSA is arguably the most and powerful, most most powerful intel agency in the world,

we cannot allow for a Biden nominee to hold that position. So again, the NSA would tell you, okay, well, he's completely, you don't have to worry. Like, he's a military professional. He's not political. But in light of what just went down with Signalgate, yeah, everybody's like, well, isn't he going to fire someone? isn't he going to fire Pete Hegseth. Isn't he going to fire Mike Walts? Isn't he going to fire John Radcliffe or Tulsi or somebody?

And he's like, oh, I'm going to fire somebody. But it's not going to be one of my people. It's actually going to be the head of the NSA as well as several people over at NSC. And it is my understanding that there are more that are on the way. As for Wendy Noble, this was the second in command. She's pointing out that, look, this woman's a protege of James Clapper. Again, not exactly friendly territory, right? I mean, Clapper, you know, basically was very much at odds with Donald Trump.

And Donald Trump has called him a whole bunch of names. So to her point, why do you want Clapper's protege there as second in command at the NSA? I mean, this is actually sort of basic stuff. And wasn't Howard Lutnik in charge of the transition team? You know, the guy who's like Mr. Tariff right now who kind of freaked everybody else. out and then some because of his math, apparently he and Peter Navarro are struggling with ninth grade algebra. We'll get to that in a second. But you know, you got to wonder, who's vetting? Who's doing the vetting? Good points here from Laura. I just think that there needs to be

more appreciation demonstrated to Trump loyalists because unfortunately we do see a lot of gatekeeping in the GOP. And the thing that I hearted on the most during the campaign season was, you know, the importance of vetting, vetting, vetting. We need to vet people so that we don't have the same nightmare that we saw happen in the first administration where people who weren't disloyal to president. Curry favor wants the election's over after, you know, shit talking him the entire election season. And therefore, get promoted, even though they didn't like him during the election season. So what kind of problem do you have?

I think you got a problem. I think Laura's absolutely right. I don't know what kind of vetting went down. Again, Howard was supposed to be in charge of this, but apparently he was more interested in becoming Treasury Secretary himself. That all didn't pan out. And so we have a whole bunch of people there that, I would just say the NSA, I don't disagree with her on this one, in light of the sort of peculiar animosity that is so heavily directed

at one Donald Trump. You need to vet everyone and you need to make sure that the inner circle is secure. And I'm not so sure it is. You know why? You know why? You know what happened last week on Wednesday before Donald Trump went to the Rose Garden to announce his tariff plan? Well, a couple things. In addition to some of the math being flawed, we'll get to that, which just tells me the people running the show.

You know, he shouldn't have to be sitting there doing math equations for them, for goodness sakes. But what concerns me, what concerns me is that there was news that Elon was stepping out. And this got leaked just hours ahead of the tariff news coming out. Don't forget, Elon has actually been more pro-free trade. You know, he wants to clamp down on China, but not in the same way that, say, a Peter Navarro would. Peter Navarro, who used to be a UC Berkeley economist, and I used to put on television, I can remember back in my CNBC days,

again, Steve Moore for, like, fireworks Friday, because you could have, like, the commie versus the capitalist, and that made for exciting TV. But now Peter Navarro is running this whole op. Okay, so just think about that. Just think about that for a second. Nothing against Peter. I mean, he was willing to go to jail.

He didn't need to go to jail, but he was willing to go to jail for the president, et cetera. He could have just testified. Apparently, he chose not to, wound up in jail, which actually just in some ways, you know, might allude to some guidance issues. I don't know. We'll leave that aside for just a moment. First, think about Elon. Elon, who has put tons of money into this, who is aggressively working and, taking on the system in a massive way with Doge, et cetera, he gets told by the media, by Politico,

by Bloomberg, and by the daily mail that he's out, like literally within 20 minutes of this cabinet meeting ending? I don't know quite how that happens. If you're told in a cabinet meeting, I get some confidential information that Elon's going to be eventually leaving, and suddenly it makes headlines? I find that really peculiar. I think you get somebody within the system that's leaking like a sieve, and that's where your issue is. By the way, they shouldn't come as a shock because, well, Elon only said he was going to be there 130 days to begin with. Here he is. If that passes, our goal is to reduce the waste and fraud by $4 billion a day every day, seven days a week.

And so far, we are succeeding. Yes, they are succeeding. That was not the one I wanted, but that's okay. He's working hard. What he also told Brett Baer in that interview on Fox News, was that he would be departing. He would be departing in what, you know, at the end of May because he was only going to be there 130 days.

So again, I go back to why is it that all of a sudden, right before they rolled this whole thing out in the Rose Garden with the math that even they're like admitting does not make sense because they apparently confused. This is not Trump's fault. Believe me, he deserves better. This is my entire point. He deserves the best of the,

the best. He should have had Doge in there checking the math. But those guys didn't want Doge because there's this weird little power battle going on of some sort. I'm just, you need everybody on the same team, okay? All hands on deck right now. I'm sorry. So the math that a ninth grade algebra student could do was proven wrong by AEI, the American Enterprise Institute, which looked at the formula, and the formula was like basically off J. GPD, and they found that they confused wholesale prices with retail prices. And by doing so, they actually inflated all the tariffs by like times four. So, hey, I mean, it gives you a starting point, shall we say, and you've heard Scott Besson, the Treasury Secretary say,

we're just negotiating, we're just a good, this is a negotiation standpoint, this is as bad as it can get. But did it really need to be that? Like, can't we just make sure that we have the right mathematicians in place so that we don't totally freak out the market. Now look, all's well that ends well, didn't I tell you? I said, I'm buying, buying, buy them, buying, every single time, everybody's running for the hills. What do I do? I buy because, you know what? I am a big believer in America. I also have time on my side and I have the liquidity to be able to do it. So, you know, you don't do this if you don't have money hanging around that you can invest. You don't do this if you need the money next year or next week or even three years from now, I'd be careful. But I'm looking at it

saying this is an opportunity because I haven't seen the VIX, the volatility index, in this kind of territory for quite some time. I mean, it was up in the 80s around March 2020, but there's been like four periods in history where we've seen this kind of volatility since 1952. So to me, it represents an opportunity. Meanwhile, we got some good news. We got some very good news because we've learned from Treasury Secretary Bessent today that he's negotiating with Japan.

The president has said to him, make sure you get a deal with Japan. In the meantime, China, good luck China. Ooh, things are going to be tough in China because you know what? We're not going to buy their stuff. He's slapping another 50% tariff on things. We're going to get to that in just a second. But I first want to point out, none of this should surprise anybody. What did he say back in 2012?

This is a good one. Take a listen. And I said, somebody said, well, what would you do? What can you do? So easy. I drop a 25% tax on China. And, you know, I said to somebody that is really the messenger. The messenger is important.

I could have one man say, we're going to tax you 25%. And I could say another, listen, you motherfuckers, we're going to tax you 25%. Last year, criticizing you as foreign policy, what would you do differently, Donald? I'd make our allies, forgetting about the enemies, the enemies you can't talk to so easily. I'd make our allies pay their fair share. You're a debtor nation. Something's going to happen over the next number of years with this country, because you can't keep going on losing $200 billion, and yet we let Japan come in and dump everything

right into our markets and everything. It's not free trade. If you ever go to Japan right now and try to sell something, forget about it, Opa. Just forget about it. It's almost impossible. They don't have laws against it. They just make it impossible. They come over here, they sell their cars, their VCRs, they knock the hell out of our companies.

And hey, I have tremendous respect for the Japanese people. I mean, you can respect somebody that's beaten the hell out of you, but they are beating the hell out of this country. Kuwait, they live like kings. The poorest person in Kuwait, they live like kings. And yet they're not paying. We make it possible for them to sell their oil. Why aren't they paying us 25% of what they're making? It's a joke. This sounds like political, presidential talk to me, and I know people have talked to you about whether or not you want to run. Would you ever? Probably not, but I do get tired of seeing the country ripped off. Why would you not? I just don't think I really have the inclination to do it. I love

what I'm doing. I really like it. Also, it doesn't people. pay as well. No, it doesn't. But, you know, I just probably wouldn't do it, Oprah. I probably wouldn't, but I do get tired of seeing what's happening with this country. And if it got so bad, I would never want to rule it out totally, because I really am tired of seeing what's happening with this country, how we're really making other people live like kings and we're not.

What do you think of this year's presidential race, the way it's shaping up? Well, it's going to be very interesting. I think that probably George Bush has an advantage in terms of the election. I think that probably people would say that he's got like that little edge in terms of the incumbency, et cetera, et cetera. But I think Jesse Jackson's done himself very proud. All right. So the point just being that he's been consistent throughout the years.

I mean, you can go back decades. You can go back to 2012. You can go back to the entire election cycle. We knew that he wanted this. And by the way, he's not wrong. He's not wrong. And the China thing has been a mess forever. And what's incredible, and I've played this on my shorts feed is all the Democrats have been

saying this for years, right? Nancy Pelosi, Chuck. Chuck Schumer, they've over and over again. They've pointed it out. Obama pointed out. Everybody's pointed out. Nobody's been willing to tackle it. So he's willing to tackle it. But in doing so, well, he tackled a lot. And I do think he does not have the best and the brightest. Scott Besson is fantastic. Howard Lutnik stands to make a ton of, I was going to say something else, but I won't go there, a ton of money in the bond market, right? Because bonds go up when all this nervousness creeps in. And you got Peter Navarro who, like, I'm sorry, like the guy's a complete

lefty. I like him, but I wouldn't actually want him running the whole show. And so I think, I think Donald Trump is realizing that. And that's why he brought Scott in in such a big way to at least handle the Japanese negotiation. That's what Scott indicated today. Let me see. Okay, we just launched, started negotiations with Japan. This is a very big deal. Very good news. This just came out moments ago. Following a very constructive phone discussion with the government of Japan, Donald Trump has asked me, Scott Besson-Rights, and the U.S. Trade Rep to open negotiations to implement the President's vision

for the new golden age of global trade with Japan. This is great, okay, guys, this is a really good sign, and this is why the markets are leveling out. Because what this shows is that the administration gets it. In other words, we want our friends to succeed, and we want our enemies to fail. Okay? And we do not want to help prop up the economies of our enemies,

but we do want to help those that are friends with us. So this is a big deal. You know who else is a friend of ours? That would be one Israel. And guess what? Netanyahu and Donald Trump speaking there at the Oval Office moments ago. I have the fresh sound. Let's take a listen.

First, if I can mention tariffs, It's a subject of some interest today. I can tell you that I said to the president a very simple thing. We will eliminate the trade deficit with the United States. We intend to do it very quickly. We think it's the right thing to do. And we're going to also eliminate trade barriers, a variety of trade barriers that have been put up unnecessarily.

And I think Israel can serve as a model for many countries who ought to do the same. I recognize the position of the United States. It says, you know, we are allowing other countries to put tariffs on us, but we don't put tariffs on them. And, you know, I'm a free trade champion, and free trade has to be fair trade. And I think that's basically the position that you've put forward, Mr. President. We are going to eliminate the tariffs and rapidly.

I had the opportunity to speak to Secretary Lucknick yesterday. We talked about how we could affect this quickly, and I hope to bring the solution very quickly. Very, very quick. I love it. But guess what's happening over in China? You get the market sinking there. Did you see what happened to the Shanghai Composite, Hank Sang over in Hong Kong? In other words, the Chinese markets are sinking because guess what Donald Trump decided to do?

He decided to make life even harder for China. You see, they came out over the weekend. They said, we don't really like these tariffs. we think that we'll call your bluff. This is like you don't want to call Donald Trump's bluff, okay, guys? You just don't want to go there because all bets are off. This is not, this is not George Bush, this is not Biden, this is not Barack Obama, this is not Bill Clinton, this is Donald Trump.

And so China's like, we're so upset, we're going to come back with a retaliatory tariff of 34%. And so Donald Trump said just a few hours ago, okay, yesterday China issued retaliatory tariffs at 34% on top of their already record-setting tariffs, non-monetary tariffs, illegal subsidization of their companies and massive long-term currency manipulation. All of that is true, by the way. All of that is true. And they make it crazy, like all kinds of rules. Like if you're going to do business over there, you have to do all this other stuff.

And then, by the way, they steal your IP. So he's like, this is a problem, along with the currency manipulation. Don't forget the currency manipulation. Despite my warning that any country that retaliates against the U.S. by issuing additional tariffs above and beyond their already existing long-term tariff abuse of our nation will be immediately met with new and substantially higher tariffs, over and above those initially set. So therefore, China, China, you're in trouble.

If China does not withdraw, it's 34% increase above their already long-term term. trading abuses by tomorrow, April 8th, that would be Tuesday, 2025. Then guess what? The United States is going to impose an additional. Tariff on China of 50% effective April 9th. So we got like 48 hours to work this out. Well, 24 hours. Because on the 9th, the additional 50% is going to take place.

Don't forget they got hit with the 67%. So this stuff is adding up fast. additionally all talks with China concerning the requested meetings with us will be terminated. Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter. Okay, I want to point out that the EU said we're ready to play ball. We'll talk, we'll negotiate. A lot of countries are coming forward and saying that, which is good.

I mean, it doesn't change how I feel about the math. It also doesn't change how I feel in terms of long-term being bullish on the, this economy, but I'll just tell you, China, you're really screwing yourselves over because I don't know who else is going to buy your stuff. You think Europe's going to buy the way Americans buy all your trinkets? Does anybody else have the capacity other than the United States to buy all your junk? I don't think so. I really don't think so. So who does it hurt more in this case? I mean, again, I like the refinement process that's going on right now. I like hearing that Scott Besson is working with Japan. These are very powerful.

positive signs, you guys, and I've been very worried if you follow my Twitter account, you're living and breathing it with me because I have been very, very concerned. Still buying, still optimistic, but very concerned that we not take this in the wrong direction and that we want our allies to financially succeed because the big Kahuna, the big problem, ladies and gentlemen, is China. And the good news here is I think China is basically going to be toast. So that's the positive. And the fact that you've got to market that basically closed, let's see, let me give you

the final numbers. I mean, you get a NASDAQ that closed higher. I mean, that's amazing, right? The NASDAQ closed up one-tenth of a percent. The S&P down a quarter percent, the Dow Jones Industrial average down nine-tenths of a percent. But you know what? Earlier in the session, when we first opened up, we were down 4 percent and changed.

So that was a remarkable turnaround, and I think they're focusing, they're honing in on what really, really, really matters here. You know, we're focused on what really, really, really matters as well. In this kind of environment, you may be asking yourself, what the heck do I do? Do I buy? I know, Don, you think it's going down further. I talked to a friend yesterday who said he's selling puts on triple Q's right now because he actually thinks it's going to maybe go down a little bit,

but he's actually bullish in the next 90 days. Don is an options trader, so he'll appreciate that. But overall, look, I'm not in and out of the market. I buy and I hold. I buy and I just hang on to that stuff because eventually my feeling is, you know, 10 years from now, it's going to be worth it. And don't you wish you bought more during 2020 during March of 2020? We've got some ideas for you on how you invest amid all this volatility. Please go and check out my research newsletter. 76 research. We just put out another note today. We're fast and furious, right? We're keeping it coming because we know you need us right now. You can use code word dollar, DOLLAR, you get the first two months for free, how to invest amid all this volatility.

I know it's not easy, but there are some techniques and there are some strategies, and there are specifically, I should say, some names we really like. If you look at our portfolio, we have all of those names in there for you. I would say this, take a look at the PE on the NASDAQ. This is as a Friday session, so it's probably somewhat similar to this chart. Do you see how high it was back in 24? And even earlier this year, like, you know, if you look at February, February 19th was actually high in the market. I mean, and we have come down remarkably there. So you've got companies like Amazon trading at 15 times earnings to your forward earnings.

And look, we haven't seen that in a while because it's been at like 35 times earnings. So I'm not calling the bottom. You can't catch a falling knife. But I'm just saying this is a really, really important time to watch. And the good news is I think China's going to hurt a whole lot more than us. shall we say. I want to get to this Obama drama because, well, the Obama family, they're having their issues, shall we say, especially when it comes to ratings on that podcast. In the meantime, Balance of Nature, Balance and Nature, one of our great sponsors here on the Trish Regan show,

go check them out today, balance of nature.com. You can get 35% off, plus free shipping, plus a money-back guarantee. I take my fruits and veggies every day. These are my vitamins. I really do. I take the gummies. They taste really good. They're gluten-free, too, for those of you that care. They have all kinds of things, though, and all kinds of testimonials. I mean, thousands of people have written and saying how wonderful balance of nature is. So I'm not the only one. Go check it out. When you do, make sure you use my code. Use code Trish at balance of nature.com. But I'm just, I'm blown away by everything that we're seeing. I think there are a lot of concerns right now about the future, both in terms of who's in the administration, whether or not they're pulling this one together,

whether we're going to see more upside in the markets to come. These are big, big questions. We're going to be addressing some of them at a big event that I'm actually participating in, down in Georgia for anybody that's interested. They still have tickets. I only have 150, though. I don't know how many we've sold, but I imagine they're going to run out pretty quick. So 150 tickets. This is the JCP Freedom Fighter Summit. JCP Freedom Fighters Summit. Just go to 2025. JCP.N. I have this miswritten. Let me do this again. 2025 J-CN Summit.com.

And you want to use Code Salem because then you get the second ticket for 50% off. It's in beautiful Savannah, Georgia. You can play golf. We get like festivities because Rob Schneider, a comedian's going to be there. Lee Greenwald is going to be singing. And we're going to be talking about all of these big issues right now. You're going to have people like myself. You're going to have my friend Mike Gallagher, radio guy, Bill Bennett, you remember him,

of Secretary of Education, so it'll be interesting to see what he has to say on all the education stuff. We've got Steve Moore, my dear friend, who I was just on the radio, actually, this weekend. He and Steve Forbes, but it was on Steve Moore's show. Grover Norquist, Kellyanne Conway, Governors Youngkin, Governor Kemp. There's going to be a great team of people there. So go check that out. You can still get tickets. 2025 J-CN Summit.com.

Do that now. Get the tickets before they sell out. I really think it's going to be a terrific, terrific event. I'm looking forward to it. I just booked my tickets, my plane tickets anyway. I'm really very much looking forward to it, and I think there's going to be some brilliant conversations. Barack Obama is back in the news

because it looks as though increasingly those divorce rumors just keep heating up, because for some reason, this woman just keeps attacking her husband on her podcast. It's like her go-to move. She can't talk about anything else, except, you know, like to put her husband down over and over again. I've shown you some of the clips. There's the newest, latest, and greatest.

Before we get to that, her ratings are absolutely awful. Like, unbelievably awful. Does this surprise you guys? It doesn't surprise me. I mean, it doesn't surprise me at all. But take a look here. The New York Post who's writing Michelle Obama's new podcast is a dud with listeners. Yeah, it's a dud because check out the numbers.

She ranks 34th on Spotify's top podcast. podcast chart weeks after debuting her first episode alongside her brother. The podcast, I guess, is slightly higher on Apple at number 21. And then, well, it's kind of suffering compared to some others like Amy Poehler. I didn't even know Amy Poehler had a new podcast. And of course, Joe Rogan. He's fantastic. He's top in the list there. Pretty interesting, right? So they just launched this podcast venture, Michelle and her brother, somebody's clearly paying him too much money because they're not doing so well. I mean, you look at what they're doing on YouTube and those numbers. I think we're beating them by a long shot right here. Make sure you subscribe,

share, like, make a comment, all that good stuff. It helps the algorithm a lot. And you can follow me on Spotify. You can get the show on Spotify. Go check that out. Make sure you get the right one. It's the one where I'm in the red with the blue background. Apple Podcasts too, same thing, red with the blue background. Anyway, here is Michelle Obama, kind of proving why nobody wants to Watcher. Would you be attracted to a guy who's not financially sound when you meet him? I married one. Don't you like that alley-up? I just threw you. She married one. He was not financially sound. She went on to go and talk about how he really didn't know how to manage money at all, couldn't pay the bills, etc., etc.

So she's just like dumping all over this guy. And that's supposed to be entertaining. I mean, I could have told you who wasn't that great, didn't really understand money. I could have told you that. Judging on how he managed the economy and actually thought he did a decent job at it, you know, Obama didn't know the first thing about money. This is why you actually need somebody in the White House who understands these things. This is why we're lucky we have a businessman there finally, who actually gets this.

Now, I'm not saying the first rollout on the trade thing. was perfect. You know how I feel, right? I've made it very clear. I don't like the fact that the math wasn't right. To me, you check your math, okay? You get somebody, heck, let chat GPT do its job at that point, or let Doge come in there and check your math. Like, I think the math was a little sketchy, but they're getting there. And the point is, his heart is in the right place, and it's always been in the right place because he wants to protect and help the American people. And that's what matters here. And so we may be remaking everything in real time right now. And it's pretty exciting to watch.

It's a little scary, right? When you see that volatility, I mean, it's better than Michelle Obama's ratings, though. Right? I think Mark is doing better than Michelle, for sure. Look, it's great to have you guys all here. It's great to see so many familiar faces here. I want to remind you to subscribe, to share, to like. I want to remind you, of course, of one of our great.

sponsors here on the program. If you're worried about things, they still like gold. It is a place to be. And when it goes down, I like it even more. Goldman Sachs coming out with a note just the other day, predicting 3,300 on gold prices, gold per ounce by the end of the year. We'll see if we get there. We've been watching Bitcoin kind of carefully too. And, you know, I'm trying to say, you know, Bitcoin falls to about $78,000. It's certainly not pretty. But then again, as they say, it could be worse, right? It could be worse. Today was kind of crazy because you had an erroneous report that Donald Trump had put a 90-day pause on all of those tariffs until they were negotiating through these agreements. And it turned out that wasn't true. It wasn't true at all. And by the way, I fell for it, too,

because I'm looking at the market. The market's going, woo, way, way, way up. By the way, go to trishlovesgol. com for your chance to get 15,000 in free silver today. Important, right? Sign up. Just get the information. It's all free. And you find out how you can get up to $15,000 in free silver. But it was like, whoa, like all of a sudden the market skyrocketed. And I was like, oh, wow, that's all it took. You know, somebody's saying, hey, we're doing this 90-day moratorium. But it turned out that that was not true. And consequently, the market then went way down, but then it rallied back again, you know, basically to the flatline. So the point is, I think hopefully we're putting in a little bit of the bottom. Again, you can't catch a fallen knife,

if you dollar cost average into things like this, over time, it really does pay off. And so I stress that as being kind of a vital thing to think about in this moment in time. I encourage you to go to 76 Research, get more information at 76research.com. I encourage you to subscribe to this show. It's really important. I will be back here live with so much more tomorrow. Leticia, good luck, baby. She's really not happy right now.