Loading summary
Transcript13 lines
- [00:01]
Shopify Ad
This episode is brought to you by Shopify. Upgrade your business with Shopify, home of the number one checkout on the planet. Shop pay boosts conversions up to 50%, meaning fewer carts going abandoned and more sales going Cha Ching. So if you're into growing your business, get a commerce platform that's ready to sell wherever your customers are. Visit shopify.com to upgrade your selling Today.
- [00:23]
1-800-Flowers Ad
Moms deserve our very best. Especially on Mother's Day. There's only one place I trust to deliver high quality mom approved rose bouquets. 1, 1, 800, flowers.com this year, 1, 800, flowers wants to make sure all the mothers in your life get the best with double the roses for free. When you buy one dozen, they'll double your bouquet to two dozen roses. To claim the double roses offer, go to 1-800-flowers.com Spotify that's 1-800-flowers. Com Spotify, the official florist of Mother's Day.
- [00:53]
Warby Parker Ad
What makes a great pair of glasses? At Warby Parker, it's all the invisible extras without the extra cost. Their designer quality frames start at $95 including prescription lenses plus scratch resistant, smudge resistant and anti reflective coatings and UV protection and free adjustments for life. To find your next pair of glasses, sunglasses or contact lenses, or to find the Warby Parker store nearest you, head over to warbyparker.com that's warbyparker.com when you.
- [01:23]
Military Recruitment Ad
Think about your future, you know what calls to you? Meaningful work, happiness, growth and sharing these values with others. But how will you find all of that? There are many paths forward, including one you may not have considered. The military provides countless opportunities to pursue your calling where you can be part of something bigger than yourself while still being yourself and having the future you want. You have a calling. We have an answer. Learn more@todaysmilitary.com well, here we go again.
- [01:54]
Political Commentator
Donald Trump is getting mocked by the entire world for caving once again to Xi Jinping in China. Again showing that guess what Donald? You don't hold the cards. Usually someone who's out there saying I hold the cards. You don't hold the cards. You often can call that a tell. You see some of these memes right here of Xi Jinping just laughing at Donald Trump and outmaneuvering him. So yesterday, Donald Trump held a press conference where he said the following. He said that the ultimate tariffs on China are going to be nowhere near 145%. Who would ever put 145% tariffs? That's too much. That's what you Said Donald Trump said it's gonna come down substantially. It won't be zero, it's gonna be more than zero, but we will see. And then he goes, I think we're gonna be able to make a deal with China. This is after Donald Trump begged Xi Jinping and China to call and do something, but China held firm and didn't do anything at all. Also, Donald Trump, you know, he's seeing the bond market implode, he's seeing the 10 year treasury yields move closer to 5, which is basically, I think, well, technically 4.5%, I think is Donald Trump's kind of pain point, but it could go higher. And so now he wants to announce all of these fake deals. So one of the things that was announced is that they may have an agreement in principle with Japan on trade. It's an outline that they want to announce. But when you dig into the details, again, it's just completely BS and they're just once again just making it all up. You know, if you looked at what went down earlier in the day yesterday, I think it was one of the most important things and it seems like more market manipulation taking place where this is what was reported by Bloomberg that Scott Besant sees de escalation with China. Situation is now looking unsustainable. There was a private meeting that was hosted by JP Morgan Chase in Washington. It was not open to the public or to the media, but Scott Besant was there and all of these hedge funds and private equity companies were there. Closed door meeting, an investor summit where Scott Bessant said the standoff as it is with China right now is unsustainable and he expects the situation to de escalate. So one of the things we noticed early in the morning, despite all of this bad market data out there, the market was trading up and was doing well. So it was like what was driving that? Well, apparently there was a lot of insider information being exchanged during closed door sessions where Wall street wins and Main street gets absolutely screwed as inside information is being exchanged. And then thereafter, you had Donald Trump hold this press conference in the afternoon, right as markets had closed, saying, you know, I think that we want maybe de escalate this with China. Once the insiders made a lot of their money after the market crashed. You see that kind of cycle repeat itself over and over again. Here's another meme that I saw. Listen up, President Xi, I'm sorry, You know, there's a lot going on though, because Trump's volatility, what Trump's causing to the markets it's having real world impact. Yesterday, intel announced that it planned to lay off more than 20% of its staff this week. ConocoPhillips plans major layoffs as part of its broad restructuring. Then you take a look at what was happening with Tesla. Elon sounded extremely depressed on the earnings call yesterday after Tesla profits plunged 71%. From this Gizmodo article, they explained how Musk's tone was noticeably downbeat. He didn't have the same carnival style salesmanship that often accompanies the public facing announcement. For Tesla, he seemed very, very down. And there was a few accounting tricks that they did as well where they sold some of these regulatory credits. But for that they would have actually lost money this quarter. So Donald Trump in the Oval Office, let me just share with you. This is the moment where he talked about how those 145% tariffs were too high. Very, very high. He said, here, play this clip, suggested that tariff rate as high as they.
- [06:33]
Donald Trump
Are now, effectively the margin of trade between the United states, that's true. 145% is very high. And it won't be that high. Not going to be that high. It got up to that. We were talking about fentanyl, where, you know, various elements built it up to 145. No, it won't be anywhere near that high. What level do you think it'll come.
- [06:56]
Political Commentator
Down to if you haven't?
- [06:57]
Donald Trump
It'll come down substantially, but it won't be zero. Used to be zero. We were just destroyed. China was taking us for a ride and just not going to have. It's not going to happen. We're going to be very good to China, have a great relationship with President Xi. But they would make billions and billions and billions of dollars a year and they would build their military out of the United States and what they made. So that won't happen, but they're going to do very well and I think they're going to be happy and I think we're going to live together very happily and ideally work together. So I think it's going to work out very well. But no, it's at 145%. There will not be anywhere near that number.
- [07:40]
Political Commentator
Oh, you know, I had to do it. MO4 companies control over 80% of the US meat industry. China now controls the largest portion of US pork. These companies are using mobster like tactics to crush American family farms. And with the additives they're putting into our food, Americans are stuck with sketchy meat. So what can we do about it? Let me Tell you about a company that's coming up swinging on behalf of American family farms and your family's food security. It's called Moink. As I said at the beginning, Moink Boink. The business is simple. Moink's meat comes from animals raised outdoors, where a pig is free to be a pig. Their farmers are given an honest day's pay for an honest day's work. And they deliver me meat straight to your doorstep at prices that you can actually afford. Born, raised and harvested right here in the United States. Support American family farms and join the Moink movement today@moinkbox.com Midas Touch right now and get free wings for life. They're the best wings you'll ever taste for free, but for a limited time, here's how you spell it. M O I n k box.com Midas Touch. That's moinkbox.com Midas Touch. One of the things that Donald Trump said also, and this is what's the expression, when a clown enters the palace, they don't become royal, the palace becomes a circus or something like that. I always get the expression wrong. But I mean, here's Donald Trump now bragging. He says that he brought egg prices down 93 to 94% since the regime took office. It's the most ridiculous lie. And we think eggs were $84 a dozen. I mean, is this 93 to 94%? It's just some of the most stupid lies that they tell. And again, it's just this over and over again, lie after lie after lie. Here, play this clip.
- [09:43]
Donald Trump
But if you remember, my first week, I was standing here, Paul, and they were screaming about eggs. The cost of eggs have gone through the roof. They were up like 500 crazy like four or five times. And we won't have eggs for Easter. They were saying, be no eggs. You can't order eggs. They wanted us order plastic in the shape of eggs. Well, Yesterday we had 48,000 people at the Easter hunt. They call it the Easter roll at the White House. And we had all eggs. And as you know, the cost of eggs has come down like 93, 94% since we took office. And they're pretty much normally priced now. Great job. Our Secretary of Agriculture, Brooke Rollins, did a very good job. But groceries have come down. It's all coming down. The only thing that hasn't come down, but it hasn't gone up much are interest rates. And we think the Fed should lower the rate. We think that it's, it's a perfect time to lower the rate and would like to see our chairman be early or on time, as opposed to late.
- [10:48]
Political Commentator
Look, the Associated Press reported that US Egg prices increased to record highs this past week, dashing hopes of cheap eggs by Easter. I mean, those are just the facts, you know, and the thing with this Trump regime also is, you know, the cruelty is the point. You know, there's all these distractions taking place as they're just screwing over, you know, marginalized communities, just screwing over workers, screwing over just regular folks, 401ks and pensions, you know, just to give you an example. So they say they want to abolish the Department of Education to get rid of education, but they still want to use the Department of education starting May 5 to do a massive wage garnishment of millions of people who defaulted on their student loans. So they're doing a large scale garnishment operation, but then gutting services like lunch and helping poor kids and helping out kids with disabilities through the Department of Education. And then there's this also. So as RFK Jr who runs HHS Health and Human Services, goes on, he's been given all these speeches where he spreads lies about autism and vaccines. Just horrific stuff that he's saying. HHS is planning to cut the National Suicide Hotlines program for LGBTQ youth. In February, the program received an average of 2,001, 2,100 contacts per day. So that's what they want to focus on to the federal government plans to eliminate services for the LGBTQ youth who call 988 the National Suicide and Crisis Hotline, According to a Health and Human Services budget draft leaked last week. The budget, first reported by the Washington Post, would go into effect October if approved by Congress. Since the hotlines launch in 2022, callers have been able to speak with counselors trained to work with specific at risk populations, including LGBTQ youth who are four times more likely to attempt suicide than their peers. The service for LGBTQ Youth has received 1.3 million calls, texts, or chat since 2022. In February, the program received an average of 2100 contacts per day. It's just pure unadulterated cruelty. As RFK Jr goes up and gives a press conference whining that his kids have food allergies. And why do his kids have food allergies? Here, play this clip.
- [13:19]
RFK Jr.
We have all these autoimmune diseases, these exotic diseases. Again, I never heard of juvenile diabetes, rheumatoid arthritis, lupus, crohn's disease, and 100 others that were just unknown when I was a kid. I Never knew anybody with a peanut allergy. I never knew anybody with a food allergy. Why do five of my seven kids have allergies? I never knew of anybody who had eczema. I knew of a very small number of children who had asthma. But that has exploded as well today.
- [13:52]
Political Commentator
You know, to me, the purpose of government is to help people, to protect people, to uplift people. And for the Trump regime, the purpose of government is to help one group, billionaires and oligarchs, and then to inflict pain and suffering on the rest of us. That's what their goal is. And so I think also these billionaire and oligarchs, it's just not enough for them to have one private jet or 10 private jets or 10 yachts. They also, to me, have a sick fetish of watching others suffer, you know, to compensate for whatever pathological, malignant, narcissistic, whatever. You know, as Senator Bernie Sanders says, you know, there's, he's like, there's a, he's a mental illness of greed, he almost calls it. But part of that is this, the enjoyment of suffering of other people. We have to recognize that. And we have to talk about housing, we have to talk about education, we have to talk about healthcare. We have to talk about making sure people can earn a living wage and they don't have to live paycheck to paycheck and that they can afford to buy a house, that you can afford to buy a house, you know, talking about health, talking about protecting, you know, your Medicare, your Medicaid, your Social Security. And we have to talk about those things. And, you know, MAGA and right wing, they want to distract us from all of those things. We won't be distracted here at the Midas Touch Network and we'll keep fighting for you. Hit subscribe. Let's get to 5 million subscribers. New Midas Merch drop. Check out the latest pro democracy sticker packs. T shirts, hats, sweatshirts, and more, all at store Midas Touch. Com.