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The Editors

Episode 734: The Market Takes a Tumble

The Editors

National Review

Politics, Charles C. W. Cooke, Conservatism, Conservative, Policy, Government, News, Jim Geraghty, Rich Lowry, Michael Brendan Dougherty, Current Events, Noah Rothman, Madeleine Kearns, Society & Culture, Public Policy, National Review

4.44.6K Ratings

🗓️ 11 March 2025

⏱️ 62 minutes

🧾️ Download transcript

Summary

Today on The Editors, Rich, Phil, Jim, and Audrey discuss yesterday’s market turmoil, the U.S. stopping intelligence-sharing with Ukraine, and the potential government shutdown.

Transcript

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0:00.0

The markets tumble and will there be a government shutdown.

0:20.6

We'll discuss all this and more on this

0:22.4

edition of the editors. I'm Dish Lauering. I'm joined as always, or at least some of the time,

0:25.5

by the grillmaster Phil Klein, the reporter Audrey Falberg, and the sage of authenticity woods.

0:31.9

Jim Garrity, you are, of course, listening to a National View podcast or sponsors this episode,

0:36.9

are Donors Trust and Made In More About Both of of them in due course if for some reason you're not already following us on a streaming service by the way you can find us everywhere from Spotify to Apple Podcasts and if you like what you hear here please consider giving us a glowing five-star review wherever you listen to your podcast if you don't like what you hear here, please forget.

0:54.7

I said anything.

0:56.5

So Jim Garrity, we got some turmoil going in the markets.

1:01.7

After Trump was elected, there was a lot of good feeling, a lot of optimism.

1:05.0

We're going to get tax cuts.

1:06.0

We're going to get deregulation.

1:07.9

And now you have the markets waking up and concluding,

1:10.3

actually, we're going to get

1:11.5

tariffs and a lot of uncertainty around tariffs. What do you make of it? This just handed to me by

1:17.9

National Review Capital Matters. Do not look at your 401k for the next two months, three months,

1:24.3

or maybe foreseeable future. Yeah, look, you know, it was really enjoyable to see that huge run-up after Trump's election,

1:31.2

even going into inauguration day.

1:33.4

Everybody thought we're getting tax cuts and deregulation, and the markets loved it.

1:37.0

And, you know, as we, the tariffs have gone from theoretical to more of a reality.

1:42.7

My assessment had been that there are two things that the markets

1:45.6

really don't like, you know, tariffs and uncertainty. And so far in this, you know, two and a half

1:51.0

months or so of the Trump presidency, we've gotten tariffs, uncertainty, and uncertainty about

...

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