What the Stock Market Sell-Off Really Says (Uncut) 04-08-2025

What the Stock Market Sell-Off Really Says About the US Economy

We have an update. The market bounced back after it was released in the news that Donald Trump may consider a 90-day pause. And then we were watching it bounce back, and then all of a sudden it dropped back down again.

And it, I don’t know, lost maybe 200 points. Not sure what happened until we checked the news. It seems like all these media organizations reported an interpretation from some social media user of an interview in which the interview was like… Wait, wait, I just want to track that back down.

Okay. Of an interview with Trump? No. No.

No. Okay. That’s a good question.

The interview was with a Trump official. A Trump official. A named Trump official or a Trump official.

So we have Trump, and then we have the Trump official, and then it’s somebody on social media doing an analysis of what that Trump official said. Yeah. Right.

Right. And then the media picks up on that, so they’re quoting… National Economic Council Director Kevin Hassett. Yeah, okay.

And basically all he said was like, look, I think the… He was asked by Brian Kilmeade, would Trump consider a 90-day pause? And Hassett said, I think the president’s going to decide what the president is going to decide. Well, that means, yes, he’s going to consider a 90-day pause. That’s incredible.

That’s how… That’s where that story… We just gave it to you like four minutes ago. We go off the air and go into the commercial break, and then it’s all reversed, and the stock market goes down. I think we should probably slow down a little bit.

Yeah, and again… This is no way to run a life. The only reason we even brought it up is to discuss why the market moved, and it was why the market moved. So it’s an appropriate explanation, I think.

But now the White House… The official is breaking, White House now just says 90-day pause is fake news. Is fake news. So it’s not… There’s no pause, and so now the market’s down again.

Down again. That is crazy. I will say this, Glenn, and I don’t know what you think about this as far as politics go.

Again, taking out of where we end up on all of this, we’ve had really bad economic times before, right? COVID, the housing crisis in 08, the bursting of the bubble of the internet back in 2000, and you go back to 87, right? That market crash, all those things. All of those, though, came from what seemed like an outside event, right? To the American people. Yes.

Seemed like… You had talked about the housing policies and what led to the housing crisis for years before that, and warned about it for years. So there were policies that were directly associated with that, but that’s not how the American people took that. It felt like it was like, oh gosh, the housing market just crashed, right? COVID just happened.

This one, I think, to the American people, right or wrong, is going to feel like tariffs caused this. And I’m wondering, I’m worried about how they interpret that. Let me help you out on that.

That’s because people did not interpret the stock market and what’s going on in our economy is bogus. Yes, you’re right. I think you’re right.

It’s all this bogus money that the Fed keeps printing and putting into the system with zero percent interest rates. It’s all funny money. The stock market is no longer tied to anything real.

And everybody just bypassed that and went, wow, things are really good. Things are really good. No, no, no.

It was all bogus. All of that is bogus. I think they sensed the weakness, though, during Biden, right? Like the market went up at times with Biden, but they sensed the weakness.

They sensed it in other parts of the economy. Correct. I think the optimism for Trump’s policies launched into another stratosphere.

But that is our McDonald’s attitude. That is a. Ah, yeah, I’d like some tariffs and Diet Coke. I mean, no, it’s not a drive through.

You’re not going to get it by the time you get up to the window. But I think that that is the that’s the point I’m bringing up, which is I think that’s how a lot of people consume things. Correct.

And I don’t think that’s going to happen. Stock market, the stock market, people who are supposedly, you know, educated, they turn that thing on a dime. But that that’s people who are really engaged, right? And they’re overreacting to to news that they’re seeing.

The average person is not even following this on a day to day basis. All they’re seeing is the they’re seeing that general downturn. And if that continues with them, I wonder if this is going to be seen if if this is turns into a recession, which it’s not yet, if it turns into a long term negative consequences, it is a it could be seen as essentially Trump’s fault, which means that the entire movement has has problems as opposed to what COVID what people saw was, OK, there’s it’s trying to release this virus or it started in China.

It took over everything. No, they blamed it on Trump because the media did. I don’t think the I don’t think he took I mean, I think he won in twenty twenty four because of what people remembered from his economy in 2019.

Yes, right. But when it comes to twenty twenty is some outside thing he couldn’t do anything about. Why did he lose then? Well, the economy was doing really, really well.

Why did he lose? They blamed him on on some stuff for COVID shutting us down, blah, blah, blah. You know, the stuff that he did that made sense at the very, you know, the very beginning. Yeah, I I remember that being more broad an argument than it wasn’t.

No one thought it was Trump’s fault that the economy crashed because of COVID. You can blame him and say, hey, I don’t think he should have locked down. I don’t think, you know, again, he didn’t really do that.

The Democrats ran on that. Look at what he’s done to the economy. Right, right.

And they won and they won. They did win. Yeah, I did.

Well, I think it’s just I mean, I think that’s just the the ill-informed again. And that’s I mean, let me let me give you the survey. Ready for the survey? Yeah, give it to me.

Hit me with it. Hit me with it. Out of out of 50 men.

If you ask him in a hundred meter sprint. Can you beat a horse? How many say yes? How many say yes, they could beat a horse horse. Is it a specific horse? It could be a horse that’s dead.

No, no, just just a horse. Just a regular horse. So we assume a normal horse running on a normal speed, not necessarily racehorse.

You know, it’s just a normal horse. I can outrun a horse. The correct answer to this would be zero.

Right. Zero should be. That’s what it should be.

Because, you know, a racehorse can run 40 miles an hour. Don’t know if you know this. You can’t.

Okay. Usain Bolt. He’s the fastest in a sprint.

Yeah. 27 miles an hour. Right.

Okay. Horse a little faster. Okay, so only 2% out of 50.

Okay. So that’s actually not that bad. I mean, 2% of say anything.

That’s the right. That’s the that’s the one they say is number 15 on the big charts of animals. I could beat.

Okay. Okay. Number 15.

Then you get to a zebra. Okay. I’m going to just pass that off on.

Maybe you don’t think zebras actually exist. You know, we have none here. It is strange.

Deer. I could outrun a deer, a fox, an ostrich. Okay.

Number 10. I can outrun a cheetah. A cheetah would be the one I would think would be the lowest number.

Would be the lowest number. Because they’re the fastest animal. Yeah.

Right. A kangaroo, a mongoose. I don’t even know what a mongoose is.

So I’m going to give that one a pass. Ready for this one. I can outrun a swarm of bees.

I mean, no, you can’t. Not for a long time. No, no, I don’t.

I don’t think you can. I don’t think. If you’ve ever seen that, why wouldn’t just people just run if the bees, when you’re being swarmed, just run.

They can’t keep up with you. You can’t outrun bees. I can outrun a house cat.

No. I mean, people have seen cats before. They’re fast.

I can outrun a goat. I can outrun a rabbit. A goat.

How fast are goats? I don’t have that stat. I don’t have that. Because I don’t, like, I don’t, every, all the other ones seem completely absurd.

When I see, I’m thinking of a goat, they’re kind of like climbing the side of a mountain. You know, I don’t know. They don’t look that fast.

They probably take them. So would you say, yes, I can outrun a goat? We’re getting close to my area here. Really? Really? Okay.

I don’t know. A goat. A rabbit? No, rabbits are just incredibly fast.

Okay. A hippopotamus. I mean, a hippo, I, I, again.

Oh my gosh. I’ve never raced a hippo myself. But I, you know, like a hippo doesn’t seem like a fast animal.

They’re moving pretty slow. Is it, is it the hippopotamus or the rhinoceros? One of those is the most deadly animal alive. Really? Oh, they’re fast and they’ll stomp you to death.

I thought it was mosquitoes. What? Right? Mosquitoes, the most deadly animal. Personally, I can outrun a mosquito.

Number two. Why don’t we just tell that to the African nations? Just be like, guys, tell your people to outrun the mosquitoes. Why don’t you run? Uh, number two, I can outrun an elephant.

Yeah. See, like an elephant doesn’t look like it moves quickly, but the strides are large. You have to factor that in.

I don’t have to factor that in. I just know I can’t outrun an elephant. They’re fast animals.

I mean, they’re an animal. They’re a giant animal. So are we.

We’re all animals. Yeah. Not fast.

I, I, look, I can, I’m not saying I would, I would say that I could outrun an elephant, but I can understand why someone might say that. Why do you think we invented the gun? Why do you think men invented the gun? We couldn’t outrun any of these animals. That’s a good point.

Okay. That’s the only reason why we’re at the top of the food chain is because we’re like, Oh, really? Take that elephant. I mean, that’s, I can outrun an elephant.

Yes. If I have a rifle, I will do that. Cause then it’ll be dead and you can walk away from it.

Okay. So, uh, we don’t, we have a pretty healthy, um, we have a pretty healthy view of ourself. 10%, uh, say that they have actually, sorry, 28% say they have actually been out in the wilds someplace and clocked an animal and thought to themselves, I can outrun that.

Uh, a 10th of them have, uh, actually tried to do that. Uh, I don’t know, got out of their car. I was like, come on horse, bring it on.

And, uh, 11% now out of those showdowns, uh, mainly with dogs. 61% have tried to, you know, race their dog. Uh, 26% have tried to race their cat.

I don’t, I mean, how would you even do such a thing? 19% have tried to race a goat. Okay. But 60%, only 60% say, yeah, I, I couldn’t, I couldn’t help.

I couldn’t run 26% considered themselves winners. And here’s my favorite. 14% said it was a draw.

It was a draw. I mean, I think we both, I talked to the goat afterwards and I’m like, you agree, right? I mean, we finished, I mean, basically we’re at the same place, right? And you have four legs. So, you know, you might’ve run double the distance, but you have double the legs.

So we’re a draw, right? Oh my gosh. Uh, I think we’re, um, I think we’re in trouble. 18% say they would back themselves to beat, uh, beat somebody in an arm wrestling match.

Uh, only 11% of women. Why, what, wait, why, why would only 11% of women, women are no different than men. Wait, why hold on just a second.

Oh, it’s ego. Probably it’s mansplaining that 26% of men say I can beat anybody in a wrestling match. And only 11% of women.

It’s probably because of what men have said to women that you’re not strong enough to being to beat a big, strong guy, right? Cause we all know that could happen. A 72% of all respondents admitted men are more likely to believe that they could beat an animal, uh, than, uh, than, than, uh, than women. Uh, my favorite is sure.

I can outrun a horse. I can outrun a cheetah. Uh, but, uh, some, uh, some people, uh, one in 50 believe they can out swim a dolphin.

Wow. Uh-huh. Don’t know if you know this.

They’re in the water. That’s their domain. You know, now I could outrun a dolphin.

You put one on the beach. I’ll beat him every single time. I’ll swim him.

I don’t know. I don’t, I, I don’t think you should probably you get a nap in, get a nap in. Let’s readdress this.

Maybe tomorrow.