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Clay Travis
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Buck Sexton
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Clay Travis
Visit rapidradios.com to save up to 60% and get free UPS shipping from Michigan. Use code radio25 for an extra 25 off and a free EMP protection bag. Stay safe. Order now@rapidradios.com welcome back in Clay Travis Buck Sexton show. Appreciate all of you hanging out with us. I hope you bought the dip because if you did, the stock market is soaring S&P 500 up 8% right now. Buck I've never seen anything like it. Nearly 400 points. The Dow is up 2500 points. NASDAQ up 1500 points. As I mentioned earlier, basically stocks are priced where they were in September. I hope a lot of you did not buy into the frenzied the left wing panic. I hope that you bought the dip and if you did, you have been handsomely rewarded already.
Buck Sexton
I think it's worth noting that Donald Trump on Truth Social did put out yesterday. Now is a good time to buy. So, you know, he's trying to help. He's trying to help. Yes, I'm sorry, it was, no, it was four hours ago, not last night. Four hours. Four hours ago. Trump in all caps. This is a great time to buy. And yes, he was telling you the truth.
Clay Travis
All right, so let's give you the latest news and then we're going to talk about the Art Laffer interview and the larger tariff battle. So tariffs on China are now going to 125%. And what I will tell you is if you go back and listen to the first hour, if you go back and listen to yesterday, we really kind of zeroed in on the issue at play here. Zero tariffs is actually a really good idea for Europe, for Japan, for Australia, for South Korea, for countries that are fairly trading there should be reduced dishonesty, for lack of a better way of putting it, unfair trade from some of these tariffs. And I think Buck hit on a good example that Canada has 250% tariffs on dairy because they don't want American milk, which is not much different than Canadian milk, to come across their border because we can produce milk at a cheaper rate than Canada can. So they are protecting Canadian dairy farmers because they want that industry to continue as opposed to Canadians being able to go to their supermarkets and get milk much cheaper because it's coming from the United States. And look, there are some tariffs that, that might make sense. For instance, let's say France, I think you mentioned this, Buck. France has high tariffs on wine. They consider the French wine to be superior to other wines and they want French people to be drinking their wine anyway. We can get into the economics basis for tariffs another time. But basically there are many countries with which free trade makes sense. And what Trump is, is, is diagnosing is that China right now is not one of those. And let's listen to what Treasury Secretary Scott Besant just announced. And we have that audio right now. Let's go ahead. Here is cut25 talking about every country out there. 90 day pause because they have not retaliated, but China is going to be treated differently. Again, cut 25.
Buck Sexton
We saw the successful negotiating strategy that President Trump implemented a week ago today. It has brought more than 75 countries forward to negotiate. It took great courage, great courage for him to stay the course until this moment. And what we have ended up with here, as I told everyone a week ago in this very spot, do not retaliate and you will be rewarded. So every country in the world who wants to come and negotiate the, we are willing to hear you. We're going to go down to a 10% baseline tariff for them and China will be raised to 125 due to their insistence on escalation.
Clay Travis
Okay, so that is that explanation. Then he was asked, is this a tariff war now? Is this a trade war? And so that was the next question that was asked. And here was besant response. Cut 26.
Buck Sexton
As you see it now, this trade war is China versus the rest of the world. Well, I'm not calling it a trade war, but I'm saying that China has escalated. And President Trump responded very courageously to that. And we are going to work on a solution with our trading partners.
Clay Travis
Okay, Caroline Levitt, White House spokesperson, then came out and said what we have been telling you for some time. Don't panic. You don't seem in the media to be able to follow. And let's be honest here, Buck, there's also any time that there can be a panic that works against Trump, the media stokes the fears, they drive up the terror. And, and, and we tried to tamp that down and tell you, hey, if you can't, if you're too emotional, don't look at prices. But a lot of people out there weren't willing to do that. A lot of people sold. Caroline Levitt, cut 27. Many of you in the media clearly missed the art of the deal. You clearly failed to see what President.
Buck Sexton
Trump is doing here.
Clay Travis
You, you tried to say that the rest of the world would be moved closer to China, when in fact, we've seen the opposite effect. The entire world is calling the United States of America, not China, because they need our markets, they need our, and they need this president in the Oval.
Buck Sexton
Office to talk to them.
Clay Travis
And that's exactly why more than 75 countries have called, because the United States of America is the best place in the world to do business. And as the president has shown great courage, as the secretary has said, in choosing to retaliate against China even higher. Okay, so that is the absolute latest from the White House. Now, Buck, let's dive in with Art Laffer, who wrote a great piece in the Wall Street Journal. Art Laffer believes that there should be zero, zero tariffs anywhere in the world. He believes completely in free trade. He's a brilliant economist. And I think sometimes there are going to be people who come on the show and use the forum that we have, which is very widely followed by the White House, as is Fox News, to make arguments to the president. I think that's why he wrote the editorial at the Wall Street Journal. I think that's why he wanted to come on. And I need to go have dinner with him because he's a brilliant guy. But the idea. And again, let me just kind of break this down from you. From my perspective, I'm curious if you will agree if we went to zero tariffs with China, let's pretend that China said, hey, we're laying down our arms, no tariffs. United States said no tariffs, too, we would still have a massive trade imbalance with China. And the massive trade imbalance means that China produces a lot of goods and they have a lot of jobs to produce those goods, and the United States, by and large buys them, but we don't have the jobs producing the same amount of goods. And one of the challenges Trump is trying to rectify is what's going on in the industrial heartland where the jobs have been lost. Now, Art Laffer said, and I do think this is true, that Illinois, for instance, has made awful economic decisions, and that has led to jobs inside of the United States migrating to states that have made better economic decisions. Where you live, Florida, where I live, Tennessee. That's certainly true, and there is some culpability. But for instance, Ohio has Republican leadership top to bottom now, and it still has lost a lot of jobs. Pennsylvania voted for Donald Trump and, and voted for McCormick, and they have lost jobs. Now, it's true they have Democrat leadership in cities and, and, and many oftentimes in governorships. But what was your take on that? What is your take now with rapidly evolving news cycle, as is often the case with the Trump administration?
Buck Sexton
Well, I think this is what's interesting to me is that the areas where there is some disagreement, I mean, clearly Art was trying the art of the deal himself there by putting full faith in Trump, but not agreeing with some of the principles that Trump has espoused for a very long time. Not just in this, in this recent bout of trade negotiations, but at some level, saying the things that Trump is saying is a necessary component of that negotiation process. Because people have to be, people have to believe that you are willing to do the things you say you will do. If, I mean, let's be honest, you're making kind of an economic threat, you know, empty threats. The fastest way to lose all of your power, lose all of your influence is to make empty threats. Right. You know, if you ever shout at somebody, you know, oh, I'm gonna get. You know, you're. You'll never work in this town again, and they can laugh at you. Then you. You've lost a lot, a lot of ground. And if you say, I'm going to tariff you, but really, I'm going to pause the tariffs next week, and really, I have no interest in. In taking this to the mat if I have to. You have no leverage. So Trump, some of what he has been saying, I think, has been a combination of the rebalancing that he wants to achieve, but also establishing the necessary leverage in the negotiations. You know, to get people leverage is about pushing, right? You push a lever, pushing people to do the things on the global trade in these global trade negotiations that he wants them to do. So I think that that is bearing fruit already. And really, the country, when we're talking about national security concerns, let's be honest, Clay, you know, if France wants to have a 10% or a 20% or whatever tariff on their Camembert, you know, or on their champagne, which is different than sparkling white wine, as we know, even though Americans may be in the habit of calling their sparkling whites champagne, it's named for the region, as we learned from Rob Lowe in Wayne's World. But if they want to tariff cheese, we can live with that. But if China is going to be providing all of our robotics, electronics, antibiotics go down the list. That's a problem for us. A bigger problem than I went out. If the EU is doing that, I think we would feel a lot better. I'm not saying that that's a desirable scenario either, but your primary adversary, we have to remember China, is an authoritarian regime, ok? It's run by the Chinese Communist Party. Mao Zedong is one of the most evil people to have ever run any country in the history of the planet. And he's the founder of modern China. Like, they got problems over there. This is not. This is not the uk. This is not Australia. Right. Not all countries are equal. And so focusing in the pressure on China for this makes sense because that's. They're not only the biggest trade, you know, manipulator and cheat. And by the way, I disagree with Art when he says, like, China is fine. I mean, this is where we get to the national security side of things. I don't know if he's aware of how much IP theft they've engaged in and how much cyber intrusion they have done, both on the national security and economic espionage side, it's substantial. Again, arts and economics guy, I worked in the CIA.
Clay Travis
Which he said at the start, he said, like, I think Trump's the greatest. Like, he basically said, all I care about is economics, which is all he cares is economics.
Buck Sexton
So. So he does not know anything about national security analysis in this respect. And China is a national security threat in, in trade as well because of the way that they steal intellectual. When I say intellectual property, I mean think about someone like Elon Musk. SpaceX is rockets. It's a private company, but it's rockets. You know, you can do a lot with that technology, right? And China stealing technology is a huge problem.
Clay Travis
Am I the only one who's still furious at China because they let Covid happen? I mean, I know it's five years ago and maybe more than five years ago, based on some of the studies that are now coming out about when exactly Covid may have started to circulate in China, but I know much of our fight in the United States was over, hey, some people want to put on masks and they're morons and some people want to shut down schools and they're morons. And the worst stuff we did to.
Buck Sexton
Ourselves in this country, that's my problem. The worst stuff we, we. The worst Covid stuff was the result of stupid, just stupid decisions made here in America. So, but, and we funded, as we know, we funded that lab as well, which, not all of it, but some of it, which was an awful decision.
Clay Travis
But my point on it is China paid no penalty. China unleashed Covid on the world, led to awful. I agree with you. Policy decisions being made in the United States, but they didn't come clean about how it got out. They never have told the full story about anything. And so my inclination is not to give China the benefit of the doubt on anything. If anything, I actually am inclined to be more draconian in the way that we treat them going forward because I think we're in a modern day cold war. And if China wins, I think the world loses.
Buck Sexton
Yes, but see, this is the point. It's about more than just correct, who can make the cheapest widgets. It's about more than that with China, with the eu, you know, it's about who. It's about cheese and beef products and cars and things. And Trump can work all that out with China, it's something else. We are not worried about a first strike from the United Kingdom and them cutting off our critical supplies of electronics and the things that we would need in order to fight a modern war. We are worried about that With China. Okay, so this is why it is, in fact, different. It is not just we make stuff, they make stuff. We have money, they have money. There are additional factors that complicate the analysis. So we should get to some of these talkbacks, play some of these calls because, yeah, we touched on some of that. And look, we should. I think we should invite Senator Rand Paul on soon because, you know, he, he just thinks this whole thing is completely nuts. And he's a very smart guy, and I think we should hear him out on this. Senator Rand Paul is a very. I think. I think I might agree with him more than any senator a greater percent of the time on issues. I think that's probably true. I mean, there's a few. You know Ted Cruz, there's a few. But he's certainly. I know our man Ron Johnson just because I love him. He's great up there in Wisconsin, holding it down. All right. If you're a member of the uscca, United States Concealed Carry association, you're getting the benefit of legal assistance if you are compelled to defend yourself and your family lawfully. That's just one of dozens of member benefits available to nearly 900,000Americans taking advantage of the great work of this organization. USCCA also just stands with the Second Amendment and believes in your right to defend yourself and your family. Clay and I are both members of the uscca and this was an easy decision for us. I conceal Kerry Clay is a lawyer. He's got weapons in the house. He knows that he might have to, or his wife might have to defend their kids. I have the same consideration here with Kerry. If you're going to be in a position to defend yourself, you want to have uscci, meaning if you're willing to defend yourself under any circumstance, because how it plays out in court is not necessarily how it played out in reality. Unless you have a strong legal defense to make that case for you. Go check out their Concealed Carry and Family Defense guide right now at uscca. It lays the complete foundation for you. If you own a gun or thinking about getting your first firearm, you must have this resource. Go online to uscca.com buck. Get your free guide today. All right, let me say it again slow, because I know it's a lot of letters. This website is uscca.com buck. You can also find this information up on the clayandbuck.com site under the sponsors tab.
Clay Travis
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Now just get to know them as.
Clay Travis
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Clay Travis
No doubt. And a lot of you want to weigh in. But again, this is the biggest stock market rise in a day in nearly 20 years. So it has popped and popped in a good way. We'll break all that down for you. But do you need more energy? Are you rolling into masters weekend here? Thursday, Friday, Saturday, Sunday, maybe it's spring and you're chasing around the kids little league field, soccer field, Maybe you're starting to think, boy, I don't have the energy that I used to. What about an all natural product, male vitality stack from chalk, proven in studies to increase your testosterone levels by as much as 20% in just three months. All natural. Nothing you're taking that's not already out there, but it just packs an incredible punch for you, improves your overall testosterone levels. By the way, they also have a female vitality stack, can help women with their own hormone health as well. Again, it's all natural. Our buddy Seton down in Texas has set this up. He is dominating in the marketplace. And right now, when you use My name Clay, you get a massive discount on any subscription for life. You can go to choq.com that's chalk.com My name Clay. Massive discount on any subscription for life. You can cancel at any time, no penalty. But why not take advantage of it right now@chalk.com My name Clay. Put some energy back in your life. Welcome back in Clay. Travis Buck Sexton Show. Appreciate all of you hanging out with us. Okay, tons of you weighing in, wanting to talk about the absolute latest on the trade battle that has been taking place. Again, if you're just getting in your car, the stock market is Soaring. Nearly a 20 year high. NASDAQ up over 10%. Nearly a 20 year high. I am saying for purposes of one day surge, the Dow is up 7%. Putting that into context, over 2,500 points. The S&P 500 has popped up massively, nearly 400 points, nearly 8% roughly of a pop in the S&P 500. And by the way, if you're out there and you're wondering about stocks in the past year, the stock market s and P500 up about 4%. So this whole calamitous idea that they tried to sell, oh my goodness. What about your retirement? The stock prices are effectively the same right now as they were in September of last year. And you're up right around 4% in the last year again, average, you're going to make 8 or 9%. Some years you might go down 30, some years you might go up 30. But a lot of people out there want to weigh in. Okay, who should we go to first? Let's go to Larry down in Palm Beach. Larry, what you got for it?
Buck Sexton
Hey guys, you know this thing with China, one thing that that's not been talked about is right now China's got a GNP of about $3.7 trillion, but the United States has sold them $800 billion worth of treasury paper that they hold on their books. And if they did anything really stupid, I have to believe Trump holding the trump card could put a match to that $800 billion of debt to China.
Clay Travis
Thank you for the call, Larry. You raise a good point. I actually think it's way more than $800 billion. I, I thought China had several team. Will you look this up In New York, I thought China had several trillion dollars in debt securities. Now I mentioned this earlier, Buck, because my concern if things went truly nuclear is China could go on the market and flood the market with our debt and basically torpedo the debt markets in general. Now that would be awful for them because they have assets. It doesn't make sense that they would take you for their.
Buck Sexton
That's letting themselves on fire to light us on fire. That's not going to make a lot of sense.
Clay Travis
Correct. But I do think that that is the caller's point is a good one. And honestly I don't think it's ideal that we allow. Frankly, this is my opinion. I don't think it's ideal that we have foreign countries holding massive amounts of our debt. I think that is a, is a security risk on some level. But China does have a massive amount. I'll look up the exact dollars. Ken in Southeast Michigan, what you got for us?
Buck Sexton
Well, I just wanted to share with you an example of the prices increasing. Now, I support Trump. I understand what's going on, but for people that don't, just an example. The price of the same can of soup when Biden took over was A$79. Last week when I did my grocery shopping, it was $2.39. Today, $2.59. So prices are going up.
Clay Travis
Okay, thanks for the call. Look, I. Look, let me just say this. The data does not reflect that that is occurring. Okay. The.
Buck Sexton
Can I actually jump in with something? Because I think he said when Biden took over. Yeah, well, when Biden took over, what was the price in two years? If you're talking about starting in 2020, that is when inflation went completely out of control. Is Biden came in and spent trillions of dollars unnecessarily. So it's not about when, but you have to look at Biden starting, Biden ending, and then look where we are, or else you're not even getting a relevant snapshot.
Clay Travis
Yeah, sorry. And just talking to his point, the price for Biden went up over 20%. He is correct, if that's what he was talking about. Since Trump has come into office, the data is that grocery prices are increasing actually slower than the rate of inflation out there. Okay, so here, by the way, he may be right. China 800 billion. I want to correct myself. I thought they had over a trillion and they used to have over a trillion. They used to have over a trillion. They have sold down the amount of debt that they have. According to this, foreign countries own $8 trillion. That's around 20% between 20 and 25% of the total US debt out there. And China used to have over a trillion dollars. They since have sold it back. So I want to correct myself. Caller there was right. Steve in Columbus, Ohio. What you got for us?
Buck Sexton
Yeah, hey, as far as opening up our markets or their markets to us, I've been selling on eBay for 20 years and I have over 4,000 listings. In that amount of time, I've had three shipments I had to send to China because their people don't have access to the. To our Internet sales and we're locked out of that.
Clay Travis
Yeah, thank you for the call. This has been my argument, by and large, Buck, you have been. Let's talk about TikTok, which they're talking about trying to get a deal done. And it's now hung up in the geopolitical tensions with China. My argument on the TikTok front has been that we should have reciprocity in technology. In other Words. Google's not allowed to access the Chinese market. Twitter is not allowed access to the Chinese market. Our big social media tech companies, by and large Facebook are not allowed to have access to Chinese markets. That's an example of a sort of tariff that's put up. It's a technical tariff so that China can basically create clone companies that do many of the same things, but they are Chinese owned. Meanwhile, they want to come here and they want to create TikTok, which is Chinese owned. Now if it's American owned, which is the report that's out there, that Chinese ownership of TikTok would go down to 20%, that it would be 50% owned by American entities and 30% with existing investors, that I think is a good solution. But that is to his caller point, you're not allowed to compete in the Chinese marketplace. Meanwhile, they flood, what is it, temu and which is they flood the American marketplace with cheaply produced Chinese goods will not allow us to compete on a reciprocal basis in China.
Buck Sexton
For a lot of us, if you're on Amazon, what you find is that Amazon is like one giant shipping, shipping depot for stuff made in China.
Clay Travis
Yes.
Buck Sexton
Now I know they have a lot of stuff that's not from. But you know, most of the things when you're getting random things on Amazon that you just need for your house or whatever it may be, I don't know, maybe you need a portable sleeping bag. Suddenly, guess what comes from China. So you need to keep that in mind as well. This is what has been, this is what has been going on here. And I think, you know, if all the things that China has been doing aren't a problem, again, not to argue with Art in his absence, but I guess that's what I'm doing. If everything that China's been doing isn't a problem, why does the World Trade Organization have all these agreements that China violates? Right. If violating, like what's the point of the WTO if you can break all the rules of the WTO and that doesn't actually hurt anybody.
Clay Travis
Yes.
Buck Sexton
There would be no need for any rules and everybody should be in the wto. Okay, so clearly there's some downsides to what China is, is doing and I think we need to be very aware of that. And Trump, look, what's this? Gosh, I'm forgetting his name now. The Ackman, Bill Ackman, the hedge fund guy, you know, he said that we should have a 90 day pause. Now we have a 90 day pause. So. And the markets are reacting to this because what they really just need is a, is a sense of stability and a roadmap for what's going to happen here. What freak outs them, what freaks the market out is what the heck is going on. We don't know what's going on. Right. And that's why you had all this hedge fund money getting pulled from the markets and everything else because. But now that they have some sense of what the future, at least the next 90 days is going to look like. But I think also the strategy is more clear to people. David in Houston has an idea, he wants to share what's up. David? Yeah, I was thinking that if Trump, if Trump really wanted to do the trump card on the Chinese debt, what he can do is he can do a government to government transaction privately, not even enter into the markets, pay 50 cents on a dollar on the US debt that the Chinese hold, put it on the Federal Reserve balance sheet in the government's name and then what we have here is we got debt paid off at 50 cents on the dollar and it doesn't affect the interest rate market and it's a private transaction.
Clay Travis
Look, what Trump wanted to do with the debt, which I loved and didn't happen, was he argued we should be able to refi our debt and basically lock in interest rates. That is really kind of an interesting angle when interest rates were super low because Buck, as we have pointed out, I appreciate the call, China doesn't produce. I don't think China has a, a substantial debt. I mean the reason they're buying the United States debt obligations is because they actually have a trade surplus I believe, I don't think they have created a massive debt the likes of which we have created. Again, I'm not an expert in the Chinese budget and frankly a lot of the data that comes out of China you can't trust for instance their historic growth rates, all those things. I will say one issue that China has which is I think something that is undergirding much of this. Their population has peaked if you look at the projections because of the one child China policy which did have immediate short term benefits. It's a bit of a sugar high because over the next 80 or 100 years the population of China is projected to cut in half because they can't get people to have kids. And that's a larger issue in the world, whether it's Italy, whether it's Japan, frankly, whether it's United States for native born population. And so I think China is probably at the peak of their economic might right now, in fact, I think China's economic might has already passed. And I've made the argument buck that it reminds me a little bit of Japan in the 80s, if you're old enough to remember, everybody looked at the trajectories and they said, oh my goodness, China's. I mean, Japan's going to buy everything. Japan is going to own everything in the United States. And meanwhile their stock market flatlined and it didn't grow for about 40 years. And so I think we have reached peak China power and I think we're actually on the backside now. And certainly demographics are a part of that. And I think that's why there's a quiet panic setting in in China. And I have some fear that they might invade Taiwan as a result. Because if you look historically, usually countries don't act at their peak. They act when they have begun their decline in ways that appear irrational because deep down there's a fear of the decline. So anyway, that that is out there, I think, floating around. I would submit to you that I think China is on the back end and that they are actually going to panic more so in the years ahead going forward.
Buck Sexton
But countries that feel like they're actually in decline and have problems can get very aggressive.
Clay Travis
Well, that's when they actually tend to get the most aggressive, which is why.
Buck Sexton
You know, invasion is not like, oh, we can just be on this glide path to China's economic and power deterioration. Things become destabilized inside of a place like China as they have more problems and less rosy prospects for the future.
Clay Travis
Let me talk to you a little bit about Israel, which has moved off the front pages because there's been so much attention on the tariff battles of late. But Israel has gone back into Gaza. They have restarted the war in the north with Hezbollah. And certainly you've probably seen some of the stories about the Houthis and what's going on there and the larger geopolitical tension with Iran with talks scheduled on Saturday, lots going on there. But the key thing to remember is the people of Israel are still fighting to preserve Western civilization, freedom of religion, freedom of speech. They are uniquely the good in what is often countries ruled by awful despots in the Middle East. And as a result the union between Christians and Jews is substantial. And that's what happens every single day at the International Fellowship of Christians and Jews. They provide life saving aid and security essentials to everyone. And your urgently needed gift today will help provide security essentials like bomb shelters, flak jackets, bulletproof vests. They'll help first responders, armored security vehicles, ambulances and more. Join us both Buck and myself in standing with Israel. Called to make your gift at 888-488-IFCJ. That's 888-488-4325. You can go online at supportifcj.org to give as well that website supportifcj.org keep up with the biggest political comeback in world history on the Team 47 podcast Clay and Buck highlight Trump replays from the week, Sundays at noon Eastern. Find it on the iHeartRadio app or wherever you get your podcasts 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 necessary expenses while still building better products and services and beat the competition.
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Buck Sexton
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Them Clay and Buck told you to call and get a free IRS transcript investigation. Rush Tax Resolution is the only company we trust and recommend and they will only take your case if they know they can help you. Period. That number again. 877-554-7874 or rush taxresolution.com welcome back. In the last segment for Buck before he becomes a dad, I got a couple of great advice points for him. He's going to be heading to the hospital here in a little bit for induced baby. I can't wait. Congratulations to you and Carrie. It's going to be fantastic. And let's get the last couple of bits of advice out there from our audience. Scott, practical advice about what to do when a baby cries.
Buck Sexton
Hey, Buck, my advice, if your baby's crying and fussy, she is either hungry or she's dirty, needs to be clean or she's full, it needs to be burped. And make sure you burp her or she will put it on you. It's neither of those. Then take your, your wrist and check her forehead for fever.
Clay Travis
I will say, Buck, one of the cool things, and I think you're going to find this out in the years ahead. And I bet most of the moms and dads and grandmas and grandpas out there will sign off on this, too. No matter what you do, that kid is going to have its own unique personality. And you can get a baby that sleeps like an angel or you can get an absolute crazed child. And the differences between baby one, baby two, baby three can be seismic. And you can treat them all the exact same and things will be very different. But it's so exciting. And it is, I mean, for me, when I go back in time now and think about, you know, 17 years ago when my first son was born, it is such an incredible experience to realize that you get the gift of helping to shape the next generation. And whether you're a dad or a mom or grandma or grandpa, that experience of seeing a new generation born is just such an incredibly optimistic moment. So I'm happy for you. And Carrie, I think you will be blown away, even though you've been thinking about it a lot, that moment of crystallization when the baby is there and suddenly you're holding that baby for the first time. It's hard not to be incredibly optimistic, in my opinion, about the future of the world when you actually are holding the future of the world in your arms. It's pretty awesome.
Buck Sexton
That was very beautiful. I don't even know. I'm. I'm a little.
Clay Travis
I mean, it's, it's. It, I. I mean, it's, it really is just super awesome. And so you can prepare for it. You got nine months to think about it. But until you got that baby in your arms, it's hard to crystallize it. And I think you'll know what I'm talking about later tonight, late tonight or maybe early tomorrow morning. So we're excited for you. We'll give you updates. By the way, you want to say your last minute without being a dad on the radio with that.
Buck Sexton
I'm. I'm so excited to join the ranks of the parents out there. And I know so many of you listen to this show and it's going to be a fun journey with me telling you about my first steps in parenthood. I'm going to be out tomorrow through at least Monday. I might be back Monday, maybe a little later next week. We'll kind of see how things go. But all of your well wishes and prayers and high fives and hugs are very, very much appreciated. You will be in excellent hands with Mr. Clay Travis for the rest of the week here. He has assured me that he will prevent the global economy from completely melting down.
Clay Travis
No pressure, no pressure. That's the goal.
Buck Sexton
Thanks everybody. I'll give some updates and the show we'll share with you. God willing, everything goes great and I'll talk to you all next week.
Clay Travis
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The Clay Travis and Buck Sexton Show: Hour 3 - A Great Time to Buy
Release Date: April 9, 2025
Hosts: Clay Travis and Buck Sexton
Network: Premiere Networks
In this episode of The Clay Travis and Buck Sexton Show, hosts Clay Travis and Buck Sexton delve into significant economic and geopolitical issues, focusing particularly on the booming stock market, the escalating tariff battles with China, and broader national security concerns. The discussion is enriched with insights from listener calls, expert opinions, and contemporary economic analysis, all delivered with the hosts' characteristic intelligence and humor.
Timestamp: 01:43 - 02:55
Clay Travis opens the discussion by celebrating a remarkable surge in the stock market: “S&P 500 up 8% right now. Buck, I've never seen anything like it. Nearly 400 points. The Dow is up 2500 points. NASDAQ up 1500 points.” (02:55)
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Timestamp: 03:26 - 08:08
The central theme of the episode revolves around the intensifying trade war with China. Clay Travis discusses recent tariff increases, highlighting President Trump's strategic maneuvers: “Tariffs on China are now going to 125%. ... Canada has 250% tariffs on dairy because they don't want American milk... same for France with their wine tariffs.” (03:26 - 07:11)
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Timestamp: 27:48 - 35:40
Listeners Larry from Palm Beach and Ken from Southeast Michigan share firsthand accounts of how trade tensions affect everyday life and businesses.
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Timestamp: 10:36 - 14:21
The hosts address the broader national security threats posed by China beyond trade, focusing on intellectual property theft and cyber intrusions.
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Timestamp: 15:44 - 38:24
Clay Travis and Buck Sexton explore the notion that China may be approaching the peak of its economic power, drawing parallels with Japan’s economic stagnation in the 1980s.
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Timestamp: 38:24 - 40:44
Shifting focus from China, Travis and Sexton address ongoing conflicts in the Middle East, particularly Israel’s renewed engagements in Gaza and the northern regions with Hezbollah.
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Timestamp: 45:04 - 49:25
In a heartfelt and personal segment, Buck Sexton shares his impending fatherhood, receiving advice and well-wishes from Clay Travis and listeners.
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Timestamp: 44:46 - End
As the episode wraps up, Travis and Sexton recapitulate the day’s economic highlights and tease upcoming discussions on the interplay between global trade dynamics and national policies.
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In this comprehensive episode, Clay Travis and Buck Sexton provide listeners with an in-depth analysis of the current economic landscape, emphasizing strategic investment during market highs, navigating the complexities of international trade with China, and addressing pressing national security concerns. Their balanced approach, bolstered by listener contributions and expert insights, offers a nuanced perspective on the challenges and opportunities facing the United States today. Additionally, the personal touch regarding Buck Sexton’s upcoming fatherhood adds a relatable and heartfelt dimension to the discussion.
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Disclaimer: This summary intentionally omits sponsored advertisements, introductory remarks, and concluding segments that do not pertain to the core content discussions. All quotes and timestamps are selected to highlight the episode's key themes and insights.