Fox abandons Trump as markets plummet - Brian Tyler Cohen

[TexasTowelie]

Transcript:

with the stock market in absolute
freefall today let's take a look at Fox
Business home of some of Donald Trump's
biggest allies on television and see how
the coverage is looking amid Trump's
Liberation Day roll out the charts that
were released the what looked like at
least watching it on TV what looked like
tariffs that are charged the United
States by other nations were not tariffs
correct they were the way that that was
calculated they to created a formula
that divided a country let's say China a
country's trade surplus with the United
States just on goods by its total
exports based on data for last year from
the Census Bureau and then for what
we're going to tariff them we cut that
number in half by two so that was
supposed to be some expression of uh how
we are wronged on trade by these other
nations but those numbers that were on
that the that grid what we're Yeah they
don't mean anything they're just meant
to express how we're getting screwed
okay essentially are we calculation was
a Greek alphabet to Degan's point that's
what we have and that's what everyone's
got to work came up with it cuz they
were in a hurry to cobble something
together i thought think that that even
love on the outside looking in and that
was pretty clear okay well look maybe
that's just a fluke those people strike
me as radical leftists anyway surely
surely Maria Barto Romo has a rosier
outlook for Donald Trump at this moment
in time with the market down 1,238
points right now on the Dow Industrials
and the Nasdaq down 800 right now and
the market's not even open futures
indicating a very ugly opening now would
be the time for some clarity on the
extending the tax cuts a2 Maria okay you
know what i've had a weird feeling about
Fox Business anyway let's go to the OG
network Fox News the mothership and see
the coverage there there are people who
need to get out at a certain given
moment and if the market is down in that
moment it could be very harmful to
somebody's 401k so the timing of the
market is everything when it is up and
when it is down i mean the S&P 500 is
down 4% so the Dow is down the least
it's down 3% the S&P 500 down 4% these
are huge moves for the equity markets
and the NASDAQ which is those technology
stocks they're hit the hardest they are
down 5% right now the NASDAQ you know
what murdoch is getting soft anyway
let's go to the real money people at
CNBC surely they can appreciate what
Donald Trump is trying to do sarah you
don't believe the the theory that it's
just about getting rates down that's
really all it's about cuz you've heard
it i'm sure you've heard it everybody
wants to talk about that they're getting
the rings down burning down the house to
cook a steak that's the line burning
down the house to cook a steak seems to
be a little severe doesn't it this is
just a little pain right it's not like
we're really going to see anything too
serious are we so the biggest question
from here is exactly how countries start
to retaliate and then whether the White
House looks to strike any deals but the
posturing at this point is that they're
just not open to it at this point guys
that was what I was going to ask you and
I am surprised to hear it because a lot
of these rates are very high and I guess
the question from here Megan is just
what the pain threshold is for this
administration i know they say they're
not watching the stock market but we're
down
4.75% right now on the NASDAQ and the
economy like okay there's an adjustment
we could have a recession but I'm not
sure that they would want something
deeper than that ah deeper than a
recession you say cool cool cool cool
but hey thank God that we elected the
eggs are $1 higher than they used to be
guy am I right in fact what's especially
damning to the point of Trump's rhetoric
during the campaign is that Trump's
tariffs would translate into a 2.3
percentage point increase for overall
inflation this year per new estimates
from the Yale Budget Lab or about a
3,800 impact for the average household
in other words Trump's most potent
attack against Democrats during this
past campaign was that he would bring
down prices on day one his words not
mine and excoriated the Democrats for
somehow causing the global phenomenon of
inflation that resulted from the
aftermath of COVID but now that he's
actually in office his principal move is
to voluntarily increase inflation if you
voted for Trump and you believed his
rhetoric on the economy do you realize
now how you were sold a bill of goods
because Trump may lie but the numbers
don't of course this assumes that the
Trump administration and their
mouthpieces in Congress are actually
willing to acknowledge reality and
recognize the pain that they're causing
i mean I can't imagine a world in which
they wouldn't do that right nobody wants
pain for their constituents i don't want
pain for the people of Florida but
Donald Trump said there will be some
disruption but you are But you are
making an assumption without knowing the
details i'm not making the assumption
donald Trump himself said there was pain
and disruption that was going down
you're making an assumption you are
making an assumption an economic
assumption right now let's be very clear
the real pain economically has been the
massive blow inflation coming from
bloated overspending here in Washington
DC that is the real pain that the
American people have felt the last four
years ah well I guess we shouldn't
believe our lying eyes then i guess we
shouldn't believe that Whirlpool is
laying off 651 American workers in Iowa
citing the economic conditions under
Trump i guess we shouldn't believe that
Stalantis is laying off 900 American
workers in five auto plants across the
US because of Trump's tariffs i guess we
shouldn't believe that the NASDAQ is on
track for the biggest one-day drop since
March of 2020 when by the way the
president was yet again Donald Trump i
guess we shouldn't believe any of these
things because doing so might reflect
poorly on the god king right Byron
Donald's and we couldn't possibly have
that even though you pretended that eggs
being a dollar more expensive was the
end of the world when Biden was
president now that Americans are
watching their 401's case plummet and
jobs being slashed and healthcare
getting put on the chopping block and
the Social Security administration get
gutted from the inside to be able to
give Republicans the pretense to be able
to eventually privatize it suddenly
we're pretending that everything is fine
just fine if these people were capable
of shame they wouldn't be able to sleep
at night but they're not and so I
presume they sleep just fine in the
meantime back on Earth One it's clear
what Trump is doing and that is crashing
our economy and ushering us into a
recession or worse because he is a weak
little man who's trying to show the
world that he's tough and the way he'll
show that toughness is by throwing
Americans and their retirement savings
onto the grenade you all other
collateral damage for Trump's ego trip
your retirement savings your health care
your budgets your mortgages your grocery
bills all to satisfy the fragile ego of
a petty little man desperate to show the
world that he's big if you voted for
Trump before I'm not looking to
relitigate the past but I do hope that
you'll finally acknowledge that what the
Republican party says and what the
Republican party does exist on two
entirely separate planes of reality and
on this plane of reality while Trump
crowed about how he'll rescue us from
tough times the truth is that he is
unilaterally responsible for ushering
them in