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Buck Sexton
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, you 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 frenzy, the left wing panic. I hope that you bought the dip and if you did, you have been handsomely rewarded already.
Clay Travis
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 ago. Trump in all caps. This is a great time to buy. And yes, he was telling you the truth.
Buck Sexton
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 cut 25 talking about every country out there. 90 day pause because they have not retaliated, but China's going to be treated differently. Again, cut 25.
Unknown
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, we are willing to hear you. We're going to go down to a 10% baseline tariff. Therefore, them and China will be raised to 125 due to their insistence on escalation.
Buck Sexton
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.
Clay Travis
So as you see it now, this trade war is China versus the rest of the world.
Unknown
Well, I'm not calling it a trade war, but I am 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.
Buck Sexton
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 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, COL cut 27 Many of you in the media clearly missed the art of the deal. You clearly failed to see what President.
Clay Travis
Trump is doing here.
Buck Sexton
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.
Clay Travis
Need our markets, they need our consumers.
Buck Sexton
And they need this president in the Oval Office to talk to them. 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 has shown great courage.
Clay Travis
As the secretary has said, in choosing to retaliate against China even higher.
Buck Sexton
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 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.
Clay Travis
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 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 going to get, you know, you're. You'll never work in this town again, and they can laugh at you, then 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. 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's 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 was 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's 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. 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, which he said at.
Buck Sexton
The start, he said, like, I think Trump's the greatest. Like, he basically said, all I care about is economics, which is economics.
Clay Travis
So. So he does not know anything about national security analysis in this respect. And China is a national security threat 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.
Buck Sexton
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.
Clay Travis
Ourselves in this country, that's my problem. The worst stuff we. The worst Covid stuff was the result of stupid, just stupid decisions made here in America. So.
Buck Sexton
But.
Clay Travis
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.
Buck Sexton
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.
Clay Travis
Yes, but 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. Ok, so this is why it is in fact different. It is not just we make stuff that 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 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 are 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 clay and buck.com site under the Sponsors tab.
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Unknown
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Clay Travis
A week of whiplash in the markets, my friends. Stocks skyrocketing right now. Somebody told you a good time to buy four hours ago. Probably telling you the truth, cuz it's a good time. It was a good time and his name was Donald Trump. Clay, we have a lot to get into here and I think also people's opinions are they're fired up over what's going on right now. Not just with this swing, but just everything about the trade, the tariffs that China is increasingly the focus of all this. China, which we all remember first term Trump was all about China. So we'll dig into this. More calls, more talkbacks and really kind of roll up our sleeves and look at where we are.
Buck Sexton
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 is 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 fields, soccer fields. 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, you know, wondering about stocks, in the past year, the stock market S&P 500 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?
Unknown
Hey, guys, you know this thing with China, the 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.
Buck Sexton
Thank you for the call, Larry. You raise a good point. I actually think it's way more than $800 billion. 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 value for their assets.
Clay Travis
Lighting themselves on fire to light us on fire. That's not going to make a lot of sense.
Buck Sexton
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?
Unknown
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 $1.79. Last week when I did my grocery shopping, it was $2.39. Today, $2.59. So prices are going up.
Buck Sexton
Okay, thanks for the call. Look, I, look, let me just say this. The data does not reflect that that is occurring. Okay. The.
Clay Travis
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.
Buck Sexton
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?
Unknown
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 to the, to our Internet sales and we're locked out of that.
Buck Sexton
Yeah, thank you for the call. This, 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 tech 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, Teemu 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.
Clay Travis
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.
Buck Sexton
Yes.
Clay Travis
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, 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 has 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.
Buck Sexton
Yes.
Clay Travis
There would be no need for any rules and everybody should be in the wto. Ok 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 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 he 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?
Unknown
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, 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.
Buck Sexton
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 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.
Clay Travis
But countries that feel like they're actually in decline and have problems can get very aggressive.
Buck Sexton
Well, that's when they actually tend to get the most aggressive, which is why, you know, it's not like, oh, we.
Clay Travis
Can just be on this glide path that 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.
Buck Sexton
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.
Colby Ekowitz
Up with the biggest political comeback in.
Buck Sexton
World history on the Team 47 podcast. Clay and Buck highlight Trump replays from the week. So Sundays at noon Eastern. Find it on the iHeartRadio app or wherever you get your podcasts.
Rodney Williams
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 two. You've got to see it. Trust me, you'll be hooked. Follow Formula E live on Roku next race, Miami, April 12th.
Unknown
We've all done it you see a headline but don't have time to read the whole story. Or there's so much news you're not sure what is worth your time. I'm Colby Ekowitz, co host of Post Reports, the weekday afternoon podcast from the Washington Post. Post Reports brings you what's relevant and revealing. Breaking stories, politics, wellness, culture. Each episode goes beyond a headline for the context you need. Find Post Reports now wherever you're listening.
Colby Ekowitz
Deciding on what to listen to is hard. Using Xumo to stream music from iHeart 90s radio is easy. Or play Iheart country or hip hop beats your choice. All for free. Stream Easy with Zumo Play get live and on demand entertainment with no logins, no signups, no accounts, no hassle. This April binge these classics the Whole Nine Yards starring Bruce Willis and Matthew Perry adaptation with Nicolas Cage and Meryl Streep and the Fisher King with Robin Williams. All streaming free on Zumo Play. Go to play.zumo.com now. Life is hard. Zumo is easy.
Travis Holloway
I'm Rodney Williams. And I'm Travis Holloway. Welcome to the Wealth Break. Let's be honest, building wealth doesn't look the same for everyone. It's not just about saving. It's about investing. It's about navigating systems that weren't built for you, embracing your hustle and relying on your community to create something bigger. And that's exactly why we created the Wealth Break. We made something different, something more human. It's not just another financial podcast. It's a conversation about real life, real struggles and real wins. We're here to talk about the journey. You're hearing from people who've broken barriers, found creative ways to succeed, and learn to build wealth on their terms. Whether it's the first time homeowner, a gig worker, or someone turning a side hustle into a six figure business, we're bringing you their stories. And we're not stopping at success stories. We're breaking down the realities, like what it means to take risk, how to navigate failure, and why resilience matters. Because wealth isn't about money. It's about creating a life where you can thrive and help others to do the same. So if you're ready for a podcast as much as about people as it is about money, you're in the right place. Listen to the Wealth Brave podcast on the iHeartRadio app.
Buck Sexton
You know Israel is still under attack.
Clay Travis
Missile fire has resumed from the Houthis.
Buck Sexton
Hezbollah, Hamas enemies seeking Israel's destruction.
Clay Travis
This is the reality since October 7.
Buck Sexton
2023 parents now taking their kids to school, falling to the ground to lay.
Clay Travis
On top of their small children to protect them because sirens are blaring because.
Buck Sexton
Of incoming rocket attacks. The next attack against Israel is happening right now. That's why your generosity is critical.
Clay Travis
That's why we have partnered with the International Fellowship of Christians and Jews to.
Buck Sexton
Help provide not only humanitarian assistance, but life saving aid and security essentials. Your urgently needed gift today will help provide security essentials.
Clay Travis
It will provide bomb shelters, flak jackets, bulletproof vests for first responders and so much more.
Buck Sexton
Call now 888-488-IFCJ 888-488IFCJ or one word.
Clay Travis
Supportifcj.Org that's one word, supportifcj.org or triple 848-8-IFCJ.
Buck Sexton
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 gonna be headed to the hospital here in a little bit for induced baby. I can't wait. Congratulations to you and Carrie. It's gonna 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.
Clay Travis
Hey, Buck, my advice, if your baby is crying and fussy, she is either hungry or she's dirty, needs to be cleaned or she's full, it needs to be burped. And make sure you burp her or she will put it on you. Neither of those. Then take your, your wrist and check her forehead for fever.
Buck Sexton
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.
Clay Travis
That was very beautiful. I don't even know. I'm, I'm a little.
Buck Sexton
I mean, it's, it's. 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 tell, say, your last minute without being a dad on the radio, without.
Clay Travis
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.
Buck Sexton
No pressure, no pressure. That's the goal.
Clay Travis
Thanks, everybody. I'll, I'll give some updates and the show will share with you. God willing, everything goes great and I'll talk to you all next week. 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.
Travis Holloway
At thrivent, we help plan your financial.
Clay Travis
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.
Rodney Williams
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 We've all done it.
Unknown
You see a headline but don't have time to read the whole story. Or there's so much news you're not sure what is worth your time. I'm Colby Ekowitz, co host of Post Reports, the weekday afternoon podcast from the Washington Post. Post Reports brings you what's relevant and revealing breaking stories, politics, wellness, culture. Each episode goes beyond a headline for the context you need. Find Post Reports now wherever you're listening.
Colby Ekowitz
Deciding on what to listen to is hard. Using Xumo to stream music from iHeart 90s radio is easy. Or play Iheart country or hip hop beats your choice. All for free. Stream Easy with Xumo Play. Get live and on demand entertainment with no logins, no signups, no accounts, no hassle. This April binge these classics the Whole Nine Yards, starring Bruce Willis and Matthew Perry adaptation with Nicolas Cage and Meryl Streep and the Fisher King with Robin Williams. All streaming free on Zumo play go to play.zumo.com now. Life is hard. Zumo is easy.
Clay Travis
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Buck Sexton
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.
The Clay Travis and Buck Sexton Show: Weekly Review H3 - A Great Time to Buy Release Date: April 12, 2025
In this episode of The Clay Travis and Buck Sexton Show, hosts Clay Travis and Buck Sexton delve into a remarkable surge in the stock market, the escalating trade tensions with China, and broader geopolitical concerns. The discussion is enriched with insightful analysis, listener interactions, and personal anecdotes, providing listeners with a comprehensive understanding of the current economic and political landscape.
Timestamp: 03:01
The episode kicks off with Buck Sexton highlighting an extraordinary day in the stock market. The S&P 500 has surged by 8%, the Dow Jones Industrial Average has climbed nearly 2,500 points, and the Nasdaq Composite has increased by 1,500 points. Clay Travis emphasizes the historical significance of this uptick, noting, “I hope you bought the dip because if you did, you’ve been handsomely rewarded already” (03:56).
Timestamp: 03:56
Adding fuel to the bullish market sentiment, Clay references a recent tweet from former President Donald Trump on Truth Social, declaring, “This is a great time to buy” (03:56). The hosts discuss the potential impact of Trump’s endorsement on investor confidence, with Travis affirming, “He was telling you the truth” (04:27).
Timestamp: 04:27
A significant portion of the discussion centers on the escalating trade tensions between the United States and China. Buck Sexton outlines the latest development: tariffs on Chinese goods are set to escalate to 125%. He explains, “Tariffs on China are now going to 125%” (04:27), underscoring the administration's hardline stance against what they perceive as unfair trade practices by China.
Clay and Buck debate the merits of free trade, with Clay arguing that certain tariffs are justified to protect American industries. “There are some tariffs that might make sense,” Clay states, using Canada's 250% dairy tariffs as an example (05:00). Buck adds, “Zero tariffs is actually a really good idea for Europe, for Japan, for Australia, for South Korea,” highlighting that reduced tariffs can foster more honest and fair trading relationships with these nations.
Buck introduces an interview with economist Art Laffer, who advocates for eliminating tariffs globally. “Art Laffer believes that there should be zero tariffs anywhere in the world,” Buck explains (08:11). However, Clay counters Laffer's position by emphasizing the unique challenges posed by China, including intellectual property theft and national security threats. “China stealing technology is a huge problem,” Clay asserts (15:22), differentiating China from other trading partners.
Timestamp: 07:35
Clay Travis elaborates on the national security risks associated with China's economic practices. He remarks, “China is an Authoritarian regime... They have a lot of problems over there,” (14:52) and discusses how China’s actions go beyond mere trade issues, posing significant threats through IP theft and cyber intrusions.
Buck Sexton agrees, adding, “If China wins, I think the world loses” (16:44), framing the trade conflict within the broader context of a modern-day Cold War. The hosts highlight the importance of maintaining leverage in negotiations, arguing that Trump’s firm stance is essential to extracting fair deals from China.
Timestamp: 26:36
Engaging with listeners, Clay and Buck address concerns about China’s hold on U.S. debt and the tangible impacts of the trade war on American consumers.
A caller, Larry from Palm Beach, points out that China holds a significant portion of U.S. Treasury securities, suggesting that Trump could leverage this to address the trade imbalance. Buck responds, “China does have a massive amount... It’s a security risk on some level” (27:05), acknowledging the strategic importance of this financial dynamic.
Ken from Southeast Michigan raises concerns about the increasing cost of everyday items, noting, “The price of the same can of soup when Biden took over was $1.79. Last week... $2.39. Today, $2.59” (28:14). Buck counters by referencing broader inflation data, explaining that overall grocery prices have been increasing at a slower rate since Trump’s administration began.
Steve from Columbus, Ohio, shares his frustration with market access issues, specifically mentioning difficulties in selling products to China via platforms like eBay. Buck highlights the lack of reciprocity in trade, pointing out that while American products flood the Chinese market, U.S. businesses face significant barriers when trying to enter China.
Timestamp: 32:08
Shifting to international affairs, the hosts briefly discuss the ongoing conflict in Israel, noting recent escalations with Hezbollah and the Houthis. Buck emphasizes Israel’s role in preserving Western civilization and the importance of supporting its security through humanitarian aid. This segment underscores the show's attention to global stability and the intersection of economic policies with international relations.
Timestamp: 43:05
In a heartfelt segment, Buck Sexton shares personal news about impending fatherhood. The hosts exchange advice on handling a newborn, with Clay advising, “If your baby is crying and fussy, she is either hungry or she's dirty” (43:36). Buck reflects on the joys and challenges of parenthood, emphasizing the unique personalities of each child and the optimistic outlook that comes with nurturing the next generation. Clay humorously assures listeners of his ability to manage both the global economy and new parental responsibilities, adding a personal touch to the episode.
Timestamp: 46:34
As the episode wraps up, Clay Travis thanks the audience and provides updates on his upcoming absence due to the birth of Buck’s child. He reiterates the importance of understanding broader financial impacts, saying, “personal finances aren’t just personal” (46:57), tying back to the episode’s initial themes of economic interconnectivity and community impact.
This episode of The Clay Travis and Buck Sexton Show offers listeners a deep dive into the dynamic interplay between stock market performance, trade policies, and national security concerns. Through engaging dialogue and real-life interactions, Clay and Buck provide valuable perspectives on navigating the complexities of the current economic environment. Their blend of expert analysis, listener engagement, and personal narratives makes for an informative and relatable listening experience.