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- [00:01]
Host
Some follow the noise. Bloomberg follows the money. Whether it's the funds fueling AI or crypto's trillion dollar swings, there's a money side to every story. Get the money side of the story. Subscribe now@bloomberg.com
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Ryan Reynolds
Ryan Reynolds here from Mint Mobile with a message for everyone paying Big Wireless way too much. Please, for the love of everything good in this world, stop with Mint. You can get premium wireless for just $15 a month, of course, if you enjoy overpay judgments. But that's weird. Okay, one judgment anyway. Give it a try@mintmobile.com Switch upfront payment
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MIDI Health Representative
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Congressman Herodopoulos
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MIDI Health Representative
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Political Commentator
back to the United States after his disastrous trip to China and he was instantly greeted by calls for his impeachment. Right. His Bedminster New Jersey golf course, somebody put in the grass 8647 on it and said impeach 8647. Impeach Donald Trump right now. And it's intended for Donald Trump to see it right as he's flying over his golf course. Now, Donald Trump's trip to China was an absolute disaster. I've been covering it all week. I'll get to that in a second. But the phone lines at C SPAN have been flooded as former Trump supporters are calling in saying, we regret our vote. We need to get this guy out of here. We need to impeach him immediately. Watch this moment where the C SPAN host asked the caller, so what was it that made you finally break with Trump here? Let's watch this clip.
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Host
Robert. Robert, when you said you drank the Kool Aid, what was it about President Trump that appealed to you initially? And what was it that made you break with him?
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CSPAN Caller
I mean, just seeing the lies just. He put us in a war. The street. All Donald Trump wants right now is the for clean face. He wants the Strait of Hormuz open. Guess what? Before he went there, it was open. And the gas prices were beautiful. I mean, everything this man touches, he's putting up gold statues of himself. I mean, when are people gonna wake up? Now I drink the Kool Aid. How did I drink the Kool Aid? I can't even answer that. I don't know if it was those stupid rallies I went to, those stupid look at, I got rid of my make America great again hat. Okay? I got rid of that. I can't even believe I wore that hat. So that's where I'm at now.
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Political Commentator
When Donald Trump was in China, he continued to attack the United States. He gave in to everything Xi Jinping wants. When it came to Taiwan, Xi Jinping got his way. Donald Trump even saying, we're probably not going to give arms to Taiwan anymore. When it comes to any major foreign policy issue, Donald Trump said, whatever Xi Jinping wants. He's so strong, he's so powerful. And then Donald Trump said that he let Xi Jinping attack the United States. United States, and say that America is a nation in decline. Here's what Donald Trump said. Here, play this clip.
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Donald Trump
Destroying our country, and we have to stop it. You know, President Xi said something yesterday he talked about, and he wasn't referring to the last 15 months. He talked about America is a nation in decline. And I said, you're right. But he wasn't talking about. Because he said, what you've done in 14, 15 months is a miracle.
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Political Commentator
Really? That's what you're saying, that you allowed Xi Jinping to attack the United States and you told them you agreed with it. Also, when Donald Trump returned to the United States, he brought with him about $2 trillion. Not in the positive direction, as Donald Trump would say. In the negative direction. Positive. In the negative direction. Donald Trump wiped out $2 trillion of wealth from the stock market as he was unable to make any deals and as he United States look utterly pathetic. Also, we are learning that Vladimir Putin will be heading to China to actually make real deals with xi Jinping on May 19 and May 20. As soon as Donald Trump left, Vladimir Putin said he's going to be showing up and he will be there in China. Now, Marco Rubio, Donald Trump's Secretary of State, he's like, boasting that China. He's. China's doing what I would be doing. They want to be the dominant power. I get it. I get why they did that. Why they did that. Yeah. Marco Rubio, you and your despicable regime were so weak and pathetic and were utterly outplayed by China. Here, play this clip.
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Marco Rubio
And China now dominates that market. So I always said it, and I always said it when I was in the Senate, China's doing what I would do if I were Chinese and I were a Chinese leader. They are trying to dominate the world and all these key industries of the future. We may not like it, but that's what they're going to do because they're acting in their best interest. We have to act in our best interest. I'm the Secretary of State of the United States and before that, as you pointed out, a senator for the United States.
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Political Commentator
And by the way, here's how Democratic Congress member Alkin Kloss describes it. And I fully agree with what he's saying right here. Here. Let's play this clip.
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Alkin Kloss
This is the first time since World War II where a president has been in a room and it wasn't clear who the most powerful person in that room was. And that is a statement about how badly this president has mishandled his strategic calculations. He picked a trade war with China last year, lost it, picked a kinetic war with Iran this year, lost it. And now his loss of power and prestige has been evident by the fact that he is in a room with a bunch of tech titans and Xi Jinping and arguably all of them actually have more power and influence than he does over the grand current events that are dictating American life right now.
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Political Commentator
Now, Foreign Minister Aragchi of Iran, who had been at the BRICS meeting, the big Brazil, Russia, India, China, South Africa organization which has lots of other members as well, which is supposed to be like the alternative to NATO as Donald Trump destroys NATO, as Donald Trump also announced that he would be withdrawing 4,000 troops that were being deployed to Poland, a model ally of the United States. Because the same way Donald Trump attacked Germany, he's attacking Poland, he's attacking NATO countries, he's attacking countries that are close to Russia to help Vladimir Putin because Trump say Putin bootlicker. So he's attacking Poland now of all places, at the BRICS meeting, as that concluded in India, as Donald Trump alienates our relationship with India, you had Foreign Minister Iraq Chi of Iran post the following message. Americans are told that they must absorb rocketing costs of this war of choice on Iran. Put aside the gas price hike and the stock market bubble. Real pain begins when U.S. debt and mortgage rates start to jump. Auto loan delinquencies are already at 30 year highs. This was all avoidable. You look at the 10 year treasury yield at 4.55%. That's the highest in what, 15, 16, 17 years. The 30 year yield, it's about 5%. 30 year olds over 5% and the 2 year yield is at 4%. That is not looking good. So what's Donald Trump doing? What's his regime doing? Well, according to the New York Times, citing two Middle Eastern officials, the US And Israel are preparing to possibly resume combat operations against Iran, possibly under a new name, as early as next week. Per the New York Times report, options for targeting include what one official called more aggressive strikes against both military and infrastructure targets. Additionally, another option on the table is to use special forces to go in and extract highly enriched uranium from inside Iran. However, per the report, this would need thousands of supporting troops and numerous other support elements to succeed, and the risks of such an operation are extremely, extremely high. But Donald Trump is an incredibly reckless and desperate and pathetic human being, and he has found himself in an escalatory trap. So we will see what happens there. Merchant vessel traffic in the area of the Strait of Hormuz continues to be largely absent. Over the last 24 hours, less than five vessels were visible transiting inbound or outbound, and all were using the Iranian traffic separation scheme. Now I'll show you what Iranian Foreign Minister Aragchi had to say after the BRICS meeting about how we can't trust the Americans at all.
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Iranian Foreign Minister Aragchi
Play this clip so the most important issue right now is the question of trust. We cannot trust Americans at all. So everything should be exact, everything should be defined very clearly before we can conclude a deal. And it is obvious that those things they have not been able to achieve militarily, they cannot achieve a negotiation table unless there is a win win solution achieved. So the current negotiation is suffering from the lack of trust. Or another problem is the, as I said, contradictory messages which has made us reluctant about the real intentions of Americans.
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Political Commentator
For
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Iranian Foreign Minister Aragchi
in these negotiations we are in doubt about their seriousness. But the moment we feel that they are serious and they are ready for a fair and balanced deal, we certainly proceed in the the course of negotiations.
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Political Commentator
But Donald Trump's out there. Stock trading we talked yesterday about Donald Trump making over 3,800 trades in the first quarter alone, making what, hundreds of millions of dollars in trades in the first quarter. Nvidia stock, Palantir stock. You know, companies that he talks about all of the time. He bought individual stocks. We also learned now Trump bought shares of Palantir Technology weeks before publicly praising the stock on Truth Social. The record showed Trump purchased between roughly 247,000 to $630,000 of Palantir stock in early 2026, including multiple buys in March. He later promoted the company in an April Truth Social post during a sharp sell off of the tech stocks. Also, we saw a massive amount of buying activity right around the war. But Energy Secretary Chris Wright from the Trump regime says just Wait, maybe, maybe, maybe the end of the summer. End of the summer we'll open up the straight up Hormuz. We'll see here, play this clip. Of course, demand is growing too. Price mechanism right now is going to, is going to reduce the growth of LNG this year, but that's a temporary interruption. Traffic will be flowing through the straits of Hormuz, you know, as soon as we can, but certainly sometime this summer at latest. Now, speaking about voters who want them out, Harry Enton just talked about Latino voters. This is Harry Enton over at cnn. Let's play this clip.
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Harry Enton (CNN)
Where are we now? What a different world. Oy vey. If I'm the President of the United States, because just take a look here. Okay, Latino voters on Trump. He won a record share for a Republican presidential nominee. 46% of that vote going all the way back since we had the advent of exit polls back in 1972. And look at where he is today. His job approval rating in an average of CNN polls this year, 28%. That is an 18 point drop. The bottom has completely fallen out when it comes to Donald Trump and Latino voters. He won record numbers of them back in 2024 and they have abandoned him with the utmost just dislike of what he is doing. So far, just 28%, a drop of 18 points now among Latinos.
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Congressman Herodopoulos
It was Latino men who were driving
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Harry Enton (CNN)
this movement toward him in 2024.
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Congressman Herodopoulos
Where are they now?
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Harry Enton (CNN)
Yeah, you think that this movement is a lot, but what about Latino men? Oh, my goodness gracious. Okay, Latino male voters in the 2024 election versus Kamala Harris. Look at this. Trump won him by 10 points. Look at the net approval rating now, minus 41 points. That is a movement of 51 points, a shift away from the President of the United States. Latino male voters supercharged. That record performance that Donald Trump had with Latino voters and they, like Latino women. Latinas are moving against the President of the United States. Minus 41 points. Again, the bottom has just completely fallen out. And of course, when you look across that political map, there are so many races that will be involving a lot of Latino voters. And when you see numbers like this, I just go, uh, oh, if I am a Republican running for Congress, then
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Political Commentator
you had maga Republican Congressmember Hardopoulos. He was on C Span and here's what went down. Play this clip.
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Host
We'll go to D in New York. Independent, you're talking with the Congressman. Go ahead.
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Caller to Congressman
Yeah. Hi, Mr. Congressman. Mr. Mike. Good morning, sir.
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Congressman Herodopoulos
Good morning, Mr.
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Caller to Congressman
Congressman. I'd like to Ask you, what did the President gain from China with Xi Jinping? Did he gain anything? And secondly, when the President came into office, he said he was going to make things wrong for the American people. The economy was going to be gas priced. If we're not going to be above $3, I'm paying more than $5 for a gallon right now. And thirdly, Mr. Congressman, when the President came into office, Americans were respected around the world. I just came from Europe. In Europe, we are disrespected. A guy spat in my face in Luxembourg. Because of our actions around the world, America is no longer respected. And let me ask you a clear question. Why is the President building golden statue of himself and acting like he's Jesus Christ on the world stage, putting up porches, acting as if though he is Christ?
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Host
Okay, I'll jump in. We'll have the Congressman respond.
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Congressman Herodopoulos
Well, let's just talk about gas prices first. Before this conflict with Iran, as everyone knows, gas prices were coming down. We're producing a heck of a lot more oil than we were in years past. We also know during the Biden years, this is again, put this in perspective. We have the ability to build the Keystone pipeline. They killed it. We had. They also took about 40% of the strategic oil reserve out during the Biden years. And so gas prices were down, of course, during this conflict. Right now they're up. But that's why we need to win this conflict, to make sure that not just the Strait of Hormuz, but all sea lanes are open. But I would point to a couple of things that the viewer might have forgotten. We had 9% inflation, it's under 3% today. If you owe more than half. The American public owns a 401k. The stock market is at record levels, meaning your retirement fund is a heck of a lot better off. We are seeing massive investment in the United States like never before. I think the number is up to like $18 trillion. So yes, we are going through a tough time on gas prices, I'll readily admit that. But in the long term, what are we doing? We're offsetting some of that with the new oil productions that's going to come out of Venezuela and the increased oil production that's coming out of the United States today. Just to give some perspective to the viewer because I, I can see he's not the biggest fan of the President. It is that we used to produce a little bit less than 9 million barrels a day in America. Today we produce almost 14 million barrels a day. Things are changing. I want to be less reliant in the Middle East. I want to have it where we have more friends. That's why the relationship with Venezuela is going to be very important because as you know, the largest oil reserve in the world is not in the Middle east, is actually in Venezuela.
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Host
This is from the New York Times, an interesting piece about Asia's dependence on the Middle.
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Political Commentator
And another clip of Hydropoulos on C Span. Let's play this clip right here.
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CSPAN Caller
Here.
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Host
We'll go to Roger, Lawrenceville, Georgia and independent.
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Roger (Caller)
Good morning, Congressman. You're smart. Good morning. I know you're a smart guy, former educator. Why do you guys continue to parrot Trump's crazy FOX News talking points when you, I know. You have to know right from wrong. There's just no way.
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Host
Everybody give us an example. Roger, give us a specific example.
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Roger (Caller)
For example, the 9% inflation under Biden, you know, that was cool. Like, come on, gas prices, Presidents don't affect gas prices unless they're stupid enough to start a war in the Middle East. Okay, so Trump, Biden, neither one of them controlled it. It had to do with starting wars. And that's why we're dealing with these gas prices. And you know, your own intelligence said there was no way they were close to a nuclear weapon, but yet you come on TV and you say the same thing. And you guys only find a spine when you're saying you're going to retire. Come on. I know you have to know better.
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Host
Well, let's get a response. Congressman Herodopoulos.
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Congressman Herodopoulos
Well, it's always nice to have strong opinions. They might not be backed up with fact, but this actually has some strong opinions. Look, all I can say is gas prices went down dramatically because we're producing more oil. We're creating these new opportunities around the world. Venezuela is going to help us in the long term, but the threat of Iran is real. And you don't have to listen to me or President Trump. Trump, Roger, listen to people like the Senator from Connecticut, the Democrat Murphy was talking about this very issue. Just a few months ago, people in MSNBC were saying the president wasn't tough enough on Iran. Now they're switching lanes. It's called politics. We really believe that a nuclear Iran is a true threat. They obviously were trying to upgrade their uranium to create a weapon and they've been lying for years now as we found out that they have the ability to fire missiles over 2,000 miles away. Way I consider that a major threat where it's a short term challenge, but it'll be a long term success for America and the world if we take these folks out of the ability to project power.
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Political Commentator
Well, one more time, let's show that what went up in New Jersey Impeach. It says 8647 impeach, right as Donald Trump's landing by his New Jersey golf course, that's what he will see. We'll keep you posted every step of the way, folks. But American, American people want Donald Trump out. They want this guy impeached. They want him done. They want him removed. 25th amendment.
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Donald Trump
Impeach him.
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Political Commentator
Get him out. Hit subscribe. Let's get to 7 million subscribers. Thanks for watching. Thanks for watching. Be sure to add the Midas Touch podcast on Apple Podcasts, Spotify or wherever you get your podcast for new updates every single day.
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Congressman Herodopoulos
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See, that's the premiere host move right there.
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Ryan Reynolds
Ryan Reynolds here from Mint Mobile with a message for everyone Paying Big Wireless way too much. Please, for the love of everything good in this world, stop with Mint. You can get premium wireless for just 15amonth. Of course, if you enjoy overpaying. No judgments. But that's weird. Okay, okay, one judgment anyway, give it a try@mintmobile.com Switch upfront payment of $45
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