4.2 • 2.5K Ratings
🗓️ 4 April 2025
⏱️ 43 minutes
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0:00.0 | Ouch. That's the feeling tonight for anyone with a 401k. Because let's face it, the |
0:14.0 | markets, they got beat up today. The economy, it got rattled. And companies, well, they got the wind knocked right out of them. |
0:22.5 | Trump's massive tariffs delivered the bruising, as frankly many had predicted that it would. |
0:27.4 | And depending on who you ask, it could have been worse. |
0:30.5 | We're saying something because the Dow, the S&P 500, and the NASDAQ, all of those face their worst day since 2020. |
0:38.3 | $2.5 trillion wiped out. |
0:42.3 | Here's how one trader on the New York Stock Exchange described it. |
0:46.3 | The mood was really, it's not that often that you really get a sense. |
0:51.3 | I would think the last time was probably the beginning days of COVID. You you just sort of had a darkness around the room. And today was clearly that. |
0:58.0 | It was just nothing but, you know, blood in the streets, in my opinion. |
1:02.4 | Companies, they're also feeling it. Just listen to the head of restoration hardware who saw |
1:07.9 | his company shares plunge during an earnings call. |
1:11.6 | Oh, shit, okay. |
1:14.6 | I just looked at the screen. I had to look at it. |
1:18.6 | You know, it got hit when I think the tariffs came out. |
1:22.6 | That's a real reaction. |
1:25.6 | But the president's reaction? Well, he's not sweating it. |
1:29.3 | For him, that, ouch, all that red, all that OS moments, it's going to get better from here. |
1:36.3 | In his view, America is a patient that just got rolled out of the operating room. |
1:42.3 | It was a sick patient. |
1:45.0 | It went through an operation on Liberation Day. |
1:49.0 | And it's going to be a booming country. |
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