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- [00:00]
Clay Travis
It is Ryan here and I have a question for you. What do you do when you win? Like are you a fist pumper?
- [00:07]
Buck Sexton
A woo hooer?
- [00:07]
Clay Travis
A hand clapper?
- [00:08]
Buck Sexton
A high fiver?
- [00:09]
Clay Travis
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- [00:25]
Buck Sexton
No purchase necessary vgw group void where.
- [00:27]
Clay Travis
Prohibited by law 21/ terms and conditions apply. You know how we're always talking about what? What's next? Well, I found it. It's called Formula E. Forget everything you think you know about racing. This isn't just cars going fast. It's like a supercomputer on wheels. The tech is insane and the drivers, they're like chess grandmasters at 200 miles per hour. You've got to see it. Trust me, you'll be hooked. Follow Formula E live on Roku next race. Miami, April 12th.
- [01:00]
Buck Sexton
For some of us, personal finances aren't just personal. They include a lot more people than ourselves. Loved ones, neighbors, the communities we call home, and the causes we hold in our hearts. At Thrivent, we help plan your financial picture with the bigger picture in mind. Because even though our business is helping guide your finances, our ambition is to make it mean so much more. Thrivent, where money means more. Connect with us@thrivent.com Tariff wars, recession fears and stubborn inflation. No wonder gold has been hitting all time highs. Take control and safeguard your savings. That's why so many Americans today are turning to Birch Gold Group. They've helped tens of thousands of people convert an existing IRA or 401k into an IRA in physical gold. To learn how to own physical gold in a tax sheltered account, text my name Buck Do 989898 Birchgold will send you a free no obligation info kit. Text B U C K to 9,898 98 today I'm Nate Silver. And I'm Maria Konnikova.
- [02:05]
Clay Travis
On our podcast Risky Business, we talk.
- [02:08]
Buck Sexton
Everything from politics to poker and from betting on elections to betting on your favorite basketball team.
- [02:13]
Clay Travis
Sports bettors need a bit more street smarts because there's this whole second side to sports betting of how do you actually. How do you get your money down good if people think that you're a winning better.
- [02:23]
Buck Sexton
And now that March Madness is upon us, we're talking bracket strategies, odds, how to maybe actually win your Office pool.
- [02:29]
Clay Travis
You can listen to Risky business on the iHeartRadio app, Apple Podcast, or wherever you get your podcasts.
- [02:35]
Buck Sexton
Welcome, everybody, to the Monday edition of the Clay Travis and Buck Sexton Show. There's this thing going on called tariffs and a discussion around it. Stock market is in some interesting moments here. Going up, going down, going up, going down. We will break this down for you, and it's all going to be all right. Trump has it. Keep the faith. He said there's going to be a little bit of pain and he's definitely not backing off of this. So the people that are whining about it, it will fall on deaf ears. We shall discuss what this is likely to do, what the ramifications are. A whole lot of stuff. Look, the biggest story in the world right now, because it affects the American economy, the global economy, is clearly Trump's tariffs. Also got a little bit of stuff about Foushee, some other things, some transgender sports madness, some other things that we will get to later on in the program. But the economy is on everyone's mind right now. It is absolutely number one. And let's just start to talk about where this is. So some tariffs are set to go into effect. Well, when they go into effect and how they go into effect is a big part of this conversation. But we know that we had our liberation day last week on the good side of things. Right now you have a whole bunch of countries, something like 50 countries have already reached out to President Trump saying, look, let's negotiate on these tariffs. Let's have a conversation about what's best for you, what's best for us, and work constructively going forward. Taiwan has already said that it will eliminate all tariffs. So has India, Israel, Vietnam, Cambodia. They are going to zero tariffs, zero trade barriers. Now, for a lot of people, you might stop and say, hold on a second, why did Israel have tariffs? Why did Taiwan have tariffs? Oh, that's right. Everyone else has them except for us. Is the way things have effectively been working for a long time. Pretty much everybody else but Clay, it is a. It's a little bit of a choppy day in the markets. And I understand a lot of you aren't day trading. A lot of you probably don't even actively manage accounts in the stock market at all. But 401ks and pension plans rely on the stock market. You have to keep that in mind. There's also what happens when you have an economy that a lot of it is built on consumer spending. If people feel like they're getting poorer Even if they're not at the top, there will be less spending, which can result in less. Less investment, unemployment. You know, things can go wrong. Clay. I'm just going to put it out this way. Trump said he was going to do it. He's doing it. I think he's. I think he's earned the trust of the American people, or should have earned the trust of the American people when it comes to the economy. He said that this is going to be a little rocky to get going, but he has a strategy, a plan in mind, and he's just telling everybody very clearly, don't be a. What was the word?
- [05:45]
Clay Travis
Like a.
- [05:45]
Buck Sexton
A panic. A panic in. Or something like that. Like the new. The new panic party says, just stay the course. It's gonna be fine. Take the pain. For those who see it as something that's very dangerous for the stock market, it will rebound, and everything's gonna be okay. What say you?
- [06:04]
Clay Travis
I think the lesson of the Trump era is Trump does something, everybody overreacts and says, oh, my goodness, this is going to lead to imminent disaster. We'll never recover from this. This is unacceptable. And then within a few weeks, that story has moved on, and things have gotten, typically a little bit better than they were before. To me, Trump came in recognizing there were three profoundly important things that were going the wrong direction in this country. One is, and let's not forget it, the border, the southern border is shut down. Joe Biden let 10 million illegals in in four years. In basically 30 days, Trump completely shut down the southern border, such that it's no longer a story at all. So one of those three big issues now, yes, there still need to be deportations of violent criminals. There are still many illegals year. We know that. But in terms of making things worse, Trump solved the border almost overnight. The other one of the three, I think, is on the right direction. Buck. Thankfully, Elon Musk has come in. He has said, we have a $37 trillion national debt. We cannot continue to operate at this level, and we have to go in and find waste and fraud in our government. And it seems to me that Elon Musk and the Doge team have done a good job on that. The third is. And Trump has been hammering this since he came down the escalator at Trump Tower in 2015 that summer. We have a massively unfair global trade economy, and we have to in some way fix it. And that global trade economy unfairness is being driven by China, which has dominated against us. So within that construct, this is right now, the battleground that Trump has chosen and he is fighting it. Let me say a couple of things because I do think it's important your stock prices are effectively worth where they were a year ago. This is true whether you're a Democrat, Republican or independent. Do you know what people fear the most? It's having something that they think they have taken from them. It's one of the primary lessons of politics. It's why reform is so difficult with anything. Because once people, people would rather, if they have a dollar in their hand, they, they fret much more over losing that dollar than they do think about how to double that dollar. General public Right. So a lot of people consider whatever a stock price is to be a referendum on at that particular moment in time, their overall value. The reality is, unless you are selling, then there is no locked in dollar connection to whatever your stock prices are. But this is why I think for a lot of people, stocks are poor choice because the emotion gets the better of them. Think about it in terms, think about it in terms of your overall house. You own a home, I own a home. I bet a lot of you out there have mortgages. Your, your house price is constantly fluctuating based on what interest rates are, based on what mortgage rates are. Heck, based on your overall neighborhood. Most people don't obsess over the daily fluctuation in the value of their house. If you think about that from a stock perspective, you know, buying a home tends to be a good decision long term. I wish people thought about stocks more like they do. Homes would be my general province of advice.
- [09:36]
Buck Sexton
Well, this is what Warren Buffett said about people lacking the emotional stability to own stocks. Because he says that the day to day price, you can't get into that. And he says the same thing as you point out about houses. But here's, here's his icate Clay. As, as long as the stock thing does not create an economic contagion into the broader economy. And just to be clear, that can happen. Okay? It's not just I don't own stocks, so I don't have to worry about this. I see a little bit people take it a little too far on both sides. There are people that say the tariffs like they've brought the market down and it's all falling apart. That's not true. But there are also people who suggest, well, I don't own stocks, so why do I care? Well, even if you don't own anything in the stock market, the stock market cares about you in a sense, or rather can Affect you. And that's where you get into things like, you know, you can get into the possibility of a real recession, reduced hiring, get into stagflation, get into some real problems with the economy. I don't see any of that because of a few things. One is, I still never get a good answer as to why do all these countries have tariffs, but we don't have tariffs and we've just somehow figured out something that they haven't really. Now, I'm not saying that there aren't trade offs. Are prices going to rise? Right. We can do a little bit of E Comm101 on this. Our price is going to rise a little bit in response to some of these tariffs. Probably the last time with the China stuff, when, remember they were talking about a trade war, CLAY, Back in 2017, 2018, Trump's first term. And as Trump has been pointing out, I think this is a very important point. Yeah. Price of goods overall, on average from China rise 0.7%. So there's a chance that you might have to pay 1 or 2% more for stuff made in China going forward. Maybe it's more than that. China and the US Are the ones that are really at, you know, each other's throats lock. Yeah. Locking antlers on this one. Right. But I never get an answer as to why they all have tariffs. We don't. Also, why are all these countries already coming forward, Clay, saying they want to negotiate and smooth things out? You know, that all has to be taken into account. And then I just think about this on a. On a very fundamental, not even economic, a very fundamental philosophical level. If we want momentous change, we have to change things momentously. If you want something to be a dramatically different outcome, you cannot keep status quo. And I think this is one of the things that Trump has proven time and again. I think this is what you were getting to early on when we're talking about this. Yeah. This is a guy who somehow has flouted the consensus over and over again. Why should this time be the time we say, no, no, no, you can't do what you're doing?
- [12:16]
Clay Travis
And also, I have a lot less faith in experts now. And I'm sorry, like economic experts get almost everything wrong. And in the wake of COVID when all of these same economic experts told us, hey, you know, just go live at your home, go print money, Cheetos, we'll just print money, we'll give people money, there'll be no consequences. Well, there were. Inflation went to 9% and let me hit you on. I do think this is important. On price of goods. Right now, the price of oil is at a five year low. The number one area that people look at price of goods is what does a gallon of gas cost? It's going to go under $3 in most parts of the country on average. Again, I love this. Every time I say this that somebody's like, well, I just paid so and so in San Francisco and I just paid so and so. Ok, I get it. The average, I'm telling you right now, based on the price of a barrel of oil, the average price of a gallon of gas going to go under $3. That's going to be the lowest we've had gas prices in five years. A lot of people address and view the state of the economy based on what they pay for gas and what they pay for goods, meaning groceries. To a large extent. Grocery prices are coming down. Price of eggs, which they tried to turn into a big issue. Remember, we get all these guys out there that even for every one of you, I think wherever you buy eggs, I think you're paying less. Right. Than you were. Price of eggs down about 50%. Back to in some way a normalizing number. The reflections that I have seen of what a trade war will bring to bear in terms of cost of groceries is not very substantial. Price of gas comes down. So I think again, my best advice is I just went on, Pierce, you'll like this, Buck, I'll, I'll echo it here too. I told Piers Morgan, hey, in 18 months, if inflation is up and the stock market prices are lower than they were when Trump was elected in November, then I will go on and I will wear a clown nose on your show. I feel good about 18 months from now, Buck, you. Buck's getting nervous. 18 months from now. You guys can write this in. What is that like October 7th of 2026. Right. Right in advance of the election, I think everything is going to be infinitely better.
- [14:35]
Buck Sexton
And for those who are, you can be a student of history and look at this from the perspective of, yeah, when Reagan had to tame inflation, there were a couple of rough years and then America just became the global dominant superpower, the likes of which the world had never seen and went on a 20 year run of prosperity. So much so that Bill Clinton was able to continue to ride the coattails of Reaganomics. But put that aside. You could also, I mean, there are so many ways, I think, Clay, that you can, you can view what's going on here. The detox that is necessary you pointed out, Covid, we spent trillions of dollars, like 7 or 8 trillion dollars just injected into the economy without the attendant products, goods, services, the overall productivity to support any of that. And we never really paid a financial price for this in terms of got to get back to the real economy, got to have a reset. And so part of that is baked into what we're seeing right now. But also, you know, you were sort of quoting Buffett before. The only people that really know what they're doing when it comes to the market are the people that tell you, I think I know where this stock will be, or I think I know what's going to happen in five years or maybe, you know, a couple of years. By and large, it is very. The day to day stuff. There's a, the number of people who can do that and even make a living doing it is tiny, tiny. You have to be like a little. You have to be a savant. Now, there are people who can do it, but they're very, very few. For the vast majority of us, you just bet on the big trends. And Trump is betting on the big trend of the American economy being the most incredible wealth generation machine in the history of the human species at the end of the day, and trying to fix some things in the meantime. So I'm, I am not worried. And to your point, about 18 months from now with the clown nose, um, I'll just say this, Clay. You know, Trump has decided that this is a big swing that he wants to take, and this is a gamble. And if he's wrong, we're going to get slaughtered in the midterms. And you know what? We will deserve it. And that's actually politics. But you know what else? I don't think that's going to happen. I'm ride or die with Trumpster on this one. Let the man cook. Let him do his thing. Let's see where it goes.
- [16:47]
Clay Travis
Amen. And I've got October 7th, by the way. 2026 is Clown Nose x day. So if, if the stock market is at a lower price and inflation is up, it has to be both of those things, then I will wear a clown nose on here. And I will acknowledge that Trump has done a poor job on the economy. I will say this buck, it's a big swing. And Trump has now taken ownership of the overall economic environment. Now in a way that, that is, frankly, incredibly aggressive by him here in America. We can't imagine living under the constant threat of terrorism and rocket attacks in Israel. It's a way of life. Parents taking their kids to school suddenly drop to the ground as sirens blare or rush to the nearest bomb shelter. Recently, missile attacks from Houthis, Hezbollah and Hamas forces started up again. That's one reason we want to partner with the great people at the International Fellowship of Christians and Jews to help provide life saving aid and security essentials. Your urgently needed gift today will go to bomb shelters, flak jackets, bulletproof vests. I saw all of this. I saw all of this firsthand. The incredible work the foundation is doing. You can help first responders on the front lines with armored vehicles, ambulances and more. Join us in standing with Israel. Make your gift to the International Fellowship of Christians and Jews at 888-488 IFCJ. That is 888-488-4325. You can also go online to supportifcj.org to give right now that website supportifcj.org you ain't imagining it. The world has gone insane. Reclaim your sanity with clay and bun. Find them on the free iHeartRadio app or wherever you get your podcast.
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Buck Sexton
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Clay Travis
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Clay Travis
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Buck Sexton
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Clay Travis
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Buck Sexton
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Clay Travis
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Buck Sexton
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Clay Travis
You know how we're always talking about what's next? Well, I found it. It's called Formula E. Forget everything you think you know about racing. This isn't just cars going fast. It's like a supercomputer on wheels. The tech is insane and the drivers, they're like chess grandmasters at 200 miles per hour. You've got to see it. Trust me, you'll be hooked. Follow Formula E live on Roku next race Miami, April 12 for the next four years, maybe more, the name of the game is efficiency and doing more while spending less. And I'm not talking about our government. Private sector desperate to cut unnecessary expenses while still building better products and services and beat the competition.
- [19:52]
Buck Sexton
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- [20:07]
Clay Travis
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- [20:51]
Buck Sexton
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Clay Travis
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- [21:41]
Buck Sexton
Offer ends March 31st. See if your company qualifies for this special offer@oracle.com clay and buck that's oracle.com clayandbuck tariff wars, recession fears and stubborn inflation. No wonder gold has been hitting all time highs in volatile markets like right now. Take control and safeguard your savings. That's why so many Americans today are turning to Birch Gold Group. They've helped tens of thousands of people convert an existing IRA or 401 into an IRA and physical gold. Gold is a safe haven in hard economic times. Is it time for you to hedge against inflation and economic instability with gold? To learn how to own physical gold in a tax sheltered account, text my name Buck Do 989898 Birchgold will send you a free no obligation info kit with an A rating with the Better Business Bureau and countless five star reviews. I trust Birchgold to help me protect my savings with gold and you can too. It took us decades to get into the tangled mess we're trying to unpack now. How long will it take to get out of it and at what cost? Text Buck to 9898. 98 today. Text B U C K to 989898 today.
- [22:49]
Clay Travis
Welcome back in Clay Travis BUCK SEXTON show we're talking about the best investment advice on the planet. Best investor of the past, what, five generations, probably last hundred years. Is Warren Buffett most successful American capitalist maybe of all time from an investment perspective. Here he is, I believe it's cut 14, talking about the fact that if you can't handle the emotion of up and down markets, then you shouldn't have stocks. Listen, a lot of investors are told.
- [23:21]
Buck Sexton
Retail investors are told that they should have a certain percent of their portfolio in bonds. Maybe they're told 60, 40, maybe they're told 70, 30 stocks to bonds. That's something that you should do and.
- [23:32]
Clay Travis
That'S the safe way of doing it.
- [23:33]
Buck Sexton
What are they missing?
- [23:34]
Clay Travis
Some people should not own stocks at all because they just get too upset with price fluctuations. If you're going to do dumb things because your stock stock goes down, you shouldn't own a stock at all.
- [23:44]
Buck Sexton
What are dumb things? Selling a stock.
- [23:45]
Clay Travis
Yeah, selling stock as it goes down. Some people are not actually emotionally or psychologically fit to own stocks. But I think there are more of them would be if you get educated now on what you're really buying, which is part of a business.
- [23:58]
Buck Sexton
Well, he's the best, literally the best in the business. I think you could argue, number one, probably best investor of all time. But beyond that, what Trump is doing here is trying to restructure things for the people who right now are behind on credit card payments because of the insane credit card interest rates, can't afford a house, can only afford half the house that could be for. And so maybe now they're only renting, they're not building equity. Price of gas is too high, price of food is too high. Their wages have been suppressed. Their wages are down. That's a huge. That is the economy. Right. You know, the stock market a lot of the times kind of a froth on top of that. So he's trying to address some of these structural and fundamental components that as Scott Bessen said, these people need relief from the government. All right, look, self speaking of saving you money because this is one easy way to do it. So don't you want to save money? Let's save you some money right now with pure talk. They're priced right. This service is on America's most dependable 5G network. And their customer service team is 100% US based. I've had Pure Talk for years. Fantastic service. Look, why would you want to give some other wireless company an extra thousand dollars a year? Because that's about what the family of four that stays with someone other than Pure Talk pays. I want a thousand dollars more in your bank account at the end of this year. And on average that's what you'll save when you switch to to PureTalk from your current carrier. Plus we'll get you a great deal right now with Pure Talk. Keep on. You can keep your phone, keep your number. You can get a great deal on it too with Pure Talk. But switch your service now to pure talk. Dial £250, say the keywords Clay and Buck. Make the switch, you'll save an additional 50% off your first month from your current phone. Just dial £250, say the keywords Clay and Buck.
- [25:40]
Clay Travis
I got a report from the USTR last night that more than 50 countries have reached out to the President to begin a negotiation. But they're doing that because they understand that they bear a lot of the tariff. And so I don't think that you're going to see a big effect on the consumer in the US Because I do think that the reason why we have a persistent long run trade deficit is these people have very inelastic supply. They've been dumping goods into the country in order to create jobs.
- [26:05]
Buck Sexton
That was National Economic Council Director Kevin has it. So Clay, we already, and I think this is important point out, there have been countries who come forward and said, you know what, let's, let's eliminate our trade barriers entirely with the US Israel is one of them. Taiwan is another. Taiwan I think is also recognizing, you know, you're seeing how countries operate here and who really wants to just have a very seamless relationship economically and otherwise with the United States because they want to talk right away. Ok, let's, let's figure this out guys. Right? Very different when you're talking about China, which is China, which is now saying that they are going to up their tariffs even more. And Trump already in his proclamations about this has put out that any country that does a retaliatory tariff for our reciprocal tariff is going to get hit even harder. So I will say I think with, with China, Clay, you can say that this is escalating into something of a trade war possibility. But with these other countries so far there's pretty substantial outreach and negotiation that's already underway. And I think Elon, this cut. Three, Elon says this well, and he's like, look, with our close allies, we should move to a zero tariff reciprocity here, zero tariff on both sides of the Atlantic situation when it comes to the EU play. Three, I'm hopeful, for example, with the tariffs that, that at the end of the day, I hope it is agreed that both Europe and the United States should move ideally, in my view, to a zero tariff situation, effectively creating a free trade zone between Europe and North America. And that, that would be my, that's what I hope, I hope occurs. And also more freedom of people to move between Europe and North America if they wish, if they wish to work in Europe or wish to work in America, they should be allowed to do so, in my view. So that, that has certainly been my advice to the president. Clay, if Elon thought that Trump was completely, you know, hobbling his own presidency and destroying the global economy, I'm very confident that Elon would be saying, Mr. President, this is not the approach or modify it this way. And he's a pretty smart guy. So is Trump. I think they have a very clear idea of what they're trying to accomplish here.
- [28:38]
Clay Travis
I don't think there's any doubt. And a world in which we trade fairly is really the ultimate goal here. Right. And I, I, when it comes to Europe, when it comes to Western markets, I think we're going to get a solution. This is really all about China. China has been manipulating global trade. They have shifted production to Vietnam and Cambodia. That is effectively Chinese goods that they're shipping there to try to avoid the tariffs that Trump put in place. They are doing the same thing with Mexico. They are behaving in a fundamentally unfair way. And the question is, do we want to allow China to continue to manipulate the global economy? Remember, they don't even allow their currency to trade freely on an open market. And it's just, we just have grown used to being able to completely accept the fact that China doesn't allow its currency to be changed in any way to make sure that it has in their minds the most favorable valuation possible for purposes of trade. Now, Trump has said in the last hour that if China increases its tariffs, he's going to retaliate, retaliate by increasing tariffs yet again. China's economy is in a really difficult position right now. The one thing I think you can point to that Trump has traditionally understood, well, it's leverage. And the other thing I would say is interest rates, because both of those things are what allow buildings to be built in New York, you get a little bit of leverage and you're able to exploit it into a lot. And the interest rate environment which he's calling on the Fed to act, I mentioned gas prices. I think that what you are going to start to see is interest rates are going to be backing up as well. And look, I don't have to explain it to you, but a lot of you are dealing with it in your day to day life. The housing market's fundamentally broken right now in the United States. So many people out there are locked in at 2 and a half and 3% rates. And congratulations to you if you got that on your 15 or your 30 year mortgages. But there are millions of people listening to us right now, Buck, that are nodding along because maybe you don't want to be in that house that you have the 2 and a half or 3% rate on, that you got locked in four or five years ago because maybe you got a kid, maybe your kids have gotten old enough to be able to go to school and you want to be able to move to a better school district. Maybe your kids have left the house because they have aged out of your household. You got a house that's bigger than what you would like. But you've looked at the math and you said, man, if we move to a smaller house, I'm going to have to pay the same amount because mortgage rates are still around 7% on a 30 year, 15 year new mortgage. And that difference between a 2 1/2% and a 7% mortgage is seismic. And so the whole housing market is broken right now because there aren't enough houses on the market because people won't allow their mortgage rates to give up. And until that comes back down, Buck, probably to the 4% rate, we're not going to see the housing markets really open up. And so Trump recognizes the Fed should be, I think, dropping interest rates right now.
- [32:06]
Buck Sexton
I also would point out, again, I like to bring this back down to, as you know, as Professor Arkes used to say to us at Amherst, first things, the most basic, most straightforward and most true things. What is the alternative here exactly? Is it to continue to, I mean, from the macroeconomic perspective, step back for a second. We leave all the tariffs in place so that we aren't able to compete on a free playing field even with close allies like the eu, EU countries, European countries, Canada. We leave all these tariffs in place. We let China do absolutely whatever it wants without any consequence. We continue to print money, we continue to, well Trump has dealt with the illegal immigration thing for right now in terms of the inflow, but before he came along, it was let illegals flood the country, which, by the way, affects the labor and housing markets too dramatically. People don't talk about that, but that is the ca. That is, in fact, the case. Um, and, Clay, continue to print money and run up a debt that becomes unsustainable. We have to pay now more for interest on the debt than we do for the Pentagon budget, and we've got a pretty expensive military, and yet we have to pay more money to just pay for the money we've already spent. Uh, you know, the. The reality here is the status quo was not some awesome thing. It's just that the status quo was something we became comfortable with because running up debt is easy, facing the debt is hard. Right. Making these decisions is difficult at some level. Clay, the difficulty of this and the, you know, the sort of gird your loins, like, strap in and see what happens aspect of this means that something possible could change, or rather that change is possible. And I think that that just shows you the President is very serious about this. The advisor, I mean, Scott Bessen, this guy's a hedge fund bro. Billions and billions of dollars. He's made those billion, billion dollar deals, right? He's going to. He's going to drive us off a cliff for no reason, just because think about some of the people that he has around him. I mean, I, I think that we've just gotten used to a political system, and this is what overspending and this is what money printing does. A political system that promises us you will never actually have to pay, you will never actually have to deal with this. We will just keep on through financial alchemy, keep the circus going, even though we can't pay for the circus. Trump is saying that's not the way, not the way forward.
- [34:35]
Clay Travis
No. And I think this is somewhat unique, and I think all of you need to sit back and think about this. Most politicians for almost all of our lives just pretend that everything is fine. They don't care. To buck's point, the debt is now $37 trillion. And there is an economic rule out there where your country begins to decline as soon as you spend more servicing a debt than you do on your national defense. And our interest rate on the national debt is now higher than what we spend on national defense and only going to increase going forward. And that should be alarming. And what Trump is trying to do is address things that are major issues that, frankly, he Wouldn't have to because he's only got four years in office. When he leaves in 2029, he could do what most politicians have been doing, which is pass the buck on fundamentally broken parts of our economy. And instead, he's trying to fix it now. It's a big risk. He's taking a big swing. He's also taking ownership of the Biden economy because what he's doing now, by the time we get into the end of the year and by the time we get into the spring of 2026, for better or worse, everybody is going to say this is Trump's responsibility. And the easiest thing to do would have been probably not to upset the apple cart very much and try to change and just continue to blame Biden for a couple of years. And Trump hasn't been willing to do that. And so buckle up. In the short term, I think there's going to be a lot of movement, but it is a important, I think, battle that we are fighting right now, and it's one that ultimately I have faith Trump is going to win.
- [36:28]
Buck Sexton
I also think that a lot of us have become tired of the constant, you know, the ringing the alarm bell and then hoping nobody actually answers the alarm. Right. I think the conservatives have done this, you know, because, Clay, I've been in this game now. I'm getting old. 15 years, right? This will be 15 years for me this summer of doing conservative media. And what you. One thing that you see here, I think very clearly is that there are a lot of people who will tell you, hey, the debt's too big. Hey, we are outsourcing too many jobs. Hey, they go down this list and you say, ok, well, we're going to have to do the following things to fix that. You know, if you've got somebody who, hey, I'll speak from personal experience. If you, if you gained a lot of weight fast, it's not fun. The first month when you have to put the donuts down, it's not fun.
- [37:16]
Clay Travis
True. There.
- [37:17]
Buck Sexton
There's no. And anyone who tells you that you're not going to be. I'll tell you this, my Dane Anderson, who's my trainer, some of you guys have been reaching out to him. He appreciates that. He's Atness Dane on. On Instagram, by the way. Fantastic.
- [37:29]
Clay Travis
You just, you just got that guy deluged.
- [37:33]
Buck Sexton
I mean, he deserves it. He's a great. He. The results that this guy gets, I'm not the only one that he gets these results. You go check him out. I'm just Saying, look, he's, he's a great trainer. Yeah, he's, he's going to have some, some messages, I think, but go check him out. But you know, you, you see, when I tell him, I'm like, early on, I was like, oh man, I'm hungry. And he's like, yeah, you're going to be hungry. Sit in it, own it, get past it. Like not starving. But you know, you're going to like, you know, you're not a baby if you're trying to change things. Change requires you to be willing to get out of the comfort zone. And so the American, you know, the American economy is being told, put down the Krispy Kremes in the morning. Let's get you, let's get you eating a little cottage cheese, maybe a little 937 turkey for lunch. Like this is what. But it's so much better. It's so much better. The alternative is you keep doing what you're doing and bad things end up happening. So we're not getting sponsored by Krispy Kreme, I think anytime soon. But that's okay.
- [38:32]
Clay Travis
It's unfortunate because they are really good.
- [38:34]
Buck Sexton
Oh my gosh, they're, they're addict. I think they're meant to be addictive, which is the whole thing. Gold has a story. Gold target. There's a good time to be talking about gold right now. Let's be honest, everybody. Gold. I've got gold. I'm going to be buying some more gold here coming up. For thousands of years, gold has been the store of value for humanity all around the globe for a reason. And today you can buy and place gold in your 401k or your IRA or your savings account. Smart investors have already been doing it. I've been telling you to do it for months now. I've been saying, call Birch Gold. Look at the price of gold. Look at what's going on. I'm not saying that things are going to be easy here. Right. I was talking about changing things in the economy. But you can also make smart decisions now for the long term and gold should be a part of that plan. I trust Birch Gold Group. That's who I go with. I've known these guys and work with these guys for years. They are squared away. They have fantastic reviews online from the Better Business Bureau. And they want long term clients because long term clients, it's best for you, best for them. You can call them and get their free information on gold. They've helped tens of thousands of people already convert an existing IRA or 401k into an IRA in physical gold. Can't print gold. Is it time for you to hedge against inflation and economic instability? I think so. Call Birchgold right now. Or rather just text them. That's the easiest way to do it. Text my name Buck to Birch Gold at 989898 so you text B U C K to 9898 98. Birchgold will send you a free no obligation info kit. Again, text My name Buck to 989898 today, Clay Travis and Buck Sexton telling.
- [40:15]
Clay Travis
It like it is. Find them on the free iHeartRadio app or wherever you get your podcasts. You know how we're always talking about what's next. Well, I found it. It's called Formula E. Forget everything you think you know about racing. This isn't just cars going fast. It's like a supercomputer on wheels. The tech is insane and the drivers, they're like chess grandmasters at 200 miles per hour. You've got to see it. Trust me, you'll be hooked. Follow Formula E live on Roku next race Miami, April 12 for the next four years, maybe more, the name of the game is efficiency and doing more while spending less. And I'm not talking about our government. Private sector desperate to cut unnecessary expenses while still building better products and services and beat the competition.
- [41:05]
Buck Sexton
Over 41,000 businesses are doing just that because they upgraded to NetSuite by Oracle. NetSuite is the number one cloud ERP bringing accounting, financial management, inventory, HR into one efficient suite instead of you paying for multiple Systems.
- [41:20]
Clay Travis
And with NetSuite's AI helping you automate manual tasks, you can free up your most important people to work on strategy, not spreadsheets. NetSuite gives you insights and recommendations in real time. Whether your company is earning millions or even hundreds of millions, NetSuite helps you find efficiency across the entire business. Speaking of which, download the CFO's Guide to AI Efficiency at netsuite.com Clay Guide is free to you at netsuite.com Clay let's get you started towards more efficiency and more success. One more time. N E T-S-U-I-T E.com.
- [42:02]
Buck Sexton
Tariff wars, recession fears and stubborn inflation. No wonder gold has been hitting all time highs in volatile markets like right now. Take control and safeguard your savings. That's why so many Americans today are turning to Birch Gold Group. They've helped tens of thousands of people convert an existing IRA or 401 into an IRA in physical gold. Gold is a safe haven in hard economic times. Is it time for you to hedge against inflation and economic instability with gold? To learn how to own physical gold in a tax sheltered account, text my name Buck Do 989898 Birchgold will send you a free no obligation info kit with an A rating with the Better Business Bureau and countless five star reviews. I trust birchgold to help me protect my savings with gold and you can too. It took us decades to get into the tangled mess we're trying to unpack now. How long will it take to get out of it and at what cost? Text BUCK to 989898 today Text B U C K to 989898 today don't get suckered into the same old free phone game by big Wireless. That comes with a lot of fine print like requiring you to sign up for four lines plus activation fees. Plus plus plus at the end of the day, you've paid for that free phone three times over. There's a better way.
- [43:18]
Clay Travis
PureTalk, our sponsor and the wireless carrier we recommend, has a much better offer. A free phone with qualifying plans of just $35 a month and you can get the brand new Samsung Galaxy A26. This thing virtually indestructible, gorilla glass included. Capture beautiful wide angle photos with next generation camera lenses.
- [43:40]
Buck Sexton
All you need to do is switch to PureTalk for just $35 a month. You get unlimited talk, text and 15 gigs of data with mobile hotspot, all on America's most dependable 5G network. Go to PureTalk.com Buck to claim your free Samsung Galaxy with qualifying plan. PureTalk Wireless by Americans for Americans I'm Nate Silver. And I'm Maria Konnikova.
- [44:02]
Clay Travis
We're both journalists and professional poker players, and on our podcast Risky Business, we.
- [44:06]
Buck Sexton
Talk about taking risks in everything from poker to politics.
- [44:10]
Clay Travis
And we talk about betting.
- [44:11]
Buck Sexton
From betting on elections to betting on your favorite basketball team, we've learned a lot about taking risks through our own.
- [44:17]
Clay Travis
Research and sometimes even our own bets.
- [44:19]
Buck Sexton
And we share what we've learned with you. Are you still doing sports betting? I had no idea that you'd wagered over a million dollars for your research.
- [44:27]
Clay Travis
I bet almost the entirety of the 202223 NBA season, all the regular season and about half the playoffs. And I learned that. I mean, it's probably what I should.
- [44:34]
Buck Sexton
Have expected, but I learned that it's pretty hard.
- [44:37]
Clay Travis
I went on a huge heater at the start of the NBA season where it was up like 70,000 bucks.
- [44:42]
Buck Sexton
I'm like, man, I'm really good at.
- [44:45]
Clay Travis
The sports betting stuff.
- [44:46]
Buck Sexton
But then, but then things change. Now that March Madness is upon us.
- [44:50]
Clay Travis
We're talking bracket strategies and a whole lot more.
- [44:53]
Buck Sexton
Join us and listen to Risky business.
- [44:55]
Clay Travis
On the iHeartRadio app, Apple Podcasts or.
- [44:57]
Buck Sexton
Wherever you get your podcasts.
- [45:02]
Clay Travis
Welcome back in. I appreciate the music there. Yes, I'm not a big announced but I had a birthday yesterday. I am now.
- [45:09]
Buck Sexton
Happy birthday.
- [45:10]
Clay Travis
Thank you.
- [45:11]
Buck Sexton
Happy birthday.
- [45:11]
Clay Travis
I am now 46 years old. So appreciate everybody who reached out and said happy birthday. You know, when you get into your 30s, 40s, 50s, probably 60s I would imagine the birthday is not necessarily the same huge celebrate celebratory event. We had a good dinner, kick back, watch the White Lotus finale. And this morning when I woke up, I said, you know, after a couple of drinks at dinner, I think I need to go grab my Crockett coffee. Crockett coffee calm. You know, Buck, tonight we'll get an update on this. We got the Florida Gators, your wife's alma mater, going up against the Houston Cougars. I voted and you voted for the Florida Gators to win in our bracket challenge and they are about a one and a half point favorite. So tonight I think 9:20 Eastern Time game will tip off down in San Antonio and I bet some of you are going to be staying up late and if you are, you might want to go ahead and have some Crockett coffee in the house to drink in the morning to help get you up and spry and moving around. Maybe after a long weekend you need a little bit of extra caffeine in your in your diet. And we love what we have been able to build so far@crockettcoffee.com because of all of you guys. Crockettcoffee.com code book and I will sign autographed copies of my most recent book come right to your house when you subscribe. Trump this is I, I think going to get a lot of attention Buck. In addition to all the everything else that's going on, the president has the LA Dodgers, the World Series champion Dodgers at the White House today. Mookie Betts, Shohei Ohtani, all of their stars. Trump was out in front of the team at the public press event and he also said even the Democrat senators from California are in attendance at the ceremony. But he's not going to tell you their names.
- [47:07]
Buck Sexton
Listen, congratulations Brian and others. We have a couple of senators here. I just don't particularly like them. So I won't introduce over the course of this amazing season, the members of this team, I didn't think we was.
- [47:27]
Clay Travis
That big a deal. Very funny, Trump. We'll talk a little bit more about this. We'll continue to follow the tariff battle.
- [47:37]
Buck Sexton
I have a small list of random question. Do you think going forward people are going to realize or are going to expect like they want politicians who can be funny? We have not had funny politicians before. Before Trump, none of them were funny.
- [47:51]
Clay Travis
I think that it is going to be important, more so than ever before for politicians to be able to cut through the noise and humor does it and I think it just is part of the rhetorical communication device. Ronald Reagan had a very good sense of humor that he was able to deploy. It makes it harder to land a punch on you, I think, when you got a good sense of humor.
- [48:12]
Buck Sexton
All true. We'll come back with more on this in a moment. Team, stay with us.
- [48:19]
Clay Travis
Clay Travis and Buck Sexton.
- [48:21]
Buck Sexton
For some of us, personal finances aren't just personal. They include a lot more people than ourselves. Loved ones, neighbors, the communities we call home, and the causes we hold in our hearts. At Thrivent, we help plan your financial picture with the bigger picture in mind. Because even though our business is helping guide your finances, our ambition is to make it mean so much more. Thrivent, where money means more. Connect with us@thrivent.com you know how we're.
- [48:52]
Clay Travis
Always talking about what's next? Well, I found it. It's called Formula E. Forget everything you think you know about racing. This isn't just cars going fast. It's like a supercomputer on wheels. The tech is insane. And the drivers, they're like chess grandmasters at 200 miles per hour. You've got to see it. Trust me, you'll be hooked. Follow Formula E live on Roku. Next Race, Miami, April 12th.
- [49:21]
Buck Sexton
I'm Nate Silver. And I'm Maria Konnikova.
- [49:24]
Clay Travis
On our podcast Risky Business, we talk everything from politics to poker and from.
- [49:29]
Buck Sexton
Betting on elections to betting on your favorite basketball team.
- [49:32]
Clay Travis
Sports bettors need a bit more street smarts because there's this whole second side to sports betting of how do you actually, how do you get your money.
- [49:38]
Buck Sexton
Down good if people think that you're a winning better. And now that March madness is upon us, we're talking bracket strategies, odds, how to maybe actually win your office pool.
- [49:48]
Clay Travis
You can listen to Risky business on the iHeartRadio app, Apple Podcast, or wherever you get your podcasts.
- [49:55]
Buck Sexton
Something unexpected happened after Jeremy Scott confessed.
- [49:58]
Clay Travis
To killing Michelle Schofield in Bone Valley season one.
- [50:02]
Buck Sexton
Every time I hear about my dad.
- [50:04]
Clay Travis
Is, oh, he's a killer. He's just straight evil.
- [50:07]
Buck Sexton
I was becoming the bridge between Jeremy Scott and the son he'd never known.
- [50:11]
Clay Travis
At the end of the day, I'm literally a son of a killer.
- [50:14]
Buck Sexton
Listen to new episodes of bone Valley Season 2, starting April 9 on the.
- [50:18]
Clay Travis
Iheartradio app, Apple Podcasts, or wherever you get your podcasts.