Good evening: The show begins in the markets as Brett Arends of MarketWatch comments on the panic.
The John Batchelor Show
John Batchelor
4.6 • 2.7K Ratings
🗓️ 5 April 2025
⏱️ 9 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
1930
CBS EYE ON THE WORLD WITH JOHN BATCHELOR
FIRST HOUR
9-915 #MRMARKET: Jerome Powell the Scapegoat. Brett "Break the Glass" Arends, MarketWatch
915-930 #MRMARKET: Fear Selling. Brett Arends, MarketWatch
930-945 #SMALLBUSINESSAMERICA: Elon Musk. @GeneMarks @Guardian @PhillyInquirer
945-1000 #SMALLBUSINESSAMERICA: How to Weather Tariffs. @GeneMarks @Guardian @PhillyInquirer
SECOND HOUR
10-1015 Space Force: Orbital Bomber. Henry Sokolski, NPEC
1015-1030 Lancaster County: No Panic at the Markets. Jim McTague, Former Washington Editor, Barrons. @McTagueJ. Author of the "Martin and Twyla Boundary Series." #FriendsOfHistoryDebatingSociety
1030-1045 #POTUS: No Penalty Without Law. Richard Epstein
1045-1100 Tariffs: Unwise at Any Speed. Richard Epstein
THIRD HOUR
1100-1115 5/8: Taking Manhattan: The Extraordinary Events That Created New York and Shaped America Hardcover – March 4, 2025 by Russell Shorto (Author) https://www.amazon.com/Taking-Manhattan-Extraordinary-Created-America/dp/0393881164/ref=tmm_hrd_swatch_0
The author of The Island at the Center of the World offers up a thrilling narrative of how New York―that brash, bold, archetypal city―came to be.
In 1664, England decided to invade the Dutch-controlled city of New Amsterdam on Manhattan Island. Charles II and his brother, the Duke of York, had dreams of empire, and their archrivals, the Dutch, were in the way. But Richard Nicolls, the military officer who led the English flotilla bent on destruction, changed his strategy once he encountered Peter Stuyvesant, New Netherland's canny director general.
Bristling with vibrant characters, Taking Manhattan reveals the founding of New York to be an invention, the result of creative negotiations that would blend the multiethnic, capitalistic society of New Amsterdam with the power of the rising English empire. But the birth of what might be termed the first modern city is also a story of the brutal dispossession of Native Americans and of the roots of American slavery. The book draws from newly translated materials and illuminates neglected histories―of religious refugees, Indigenous tribes, and free and enslaved Africans.
Taking Manhattan tells the riveting story of the birth of New York City as a center of capitalism and pluralism, a foundation from which America would rise. It also shows how the paradox of New York's origins―boundless opportunity coupled with subjugation and displacement―reflects America's promise and failure to this day. Russell Shorto, whose work has been described as "astonishing" (New York Times) and "literary alchemy" (Chicago Tribune), has once again mined archival sources to offer a vibrant tale and a fresh and trenchant argument about American beginnings.
115-1130 6/8: Taking Manhattan: The Extraordinary Events That Created New York and Shaped America Hardcover – March 4, 2025 by Russell Shorto (Author)
1130-1145 7/8: Taking Manhattan: The Extraordinary Events That Created New York and Shaped America Hardcover – March 4, 2025 by Russell Shorto (Author)
1145-1200 8/8: Taking Manhattan: The Extraordinary Events That Created New York and Shaped America Hardcover – March 4, 2025 by Russell Shorto (Author)
FOURTH HOUR
12-1215 #PACIFICWATCH: #VEGASREPORT: Nickel and Diming. @JCBliss
1215-1230 #ITALY: La Dolce Vita Orient Express
1230-1245 NASA: Isaacman confirmation starting. Bob Zimmerman, BehindtheBlack.com
1245-100 AM Moon: Inbound asteroid 2032. Bob Zimmerman, BehindtheBlack.com
Transcript
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| 0:00.0 | This is John Batchel. The market is the opening tonight. The market plunge two days. I speak with |
| 0:10.8 | Brett Arons, break the glass, Brett Arons. And Brett finds the detail of the day most important, |
| 0:18.8 | remarks by Chairman Jerome Powell of the Federal Reserve about how the |
| 0:23.8 | market is responding nothing about the economy because the economy is healthy. But because of the |
| 0:30.9 | plunge, he might be obliged to move when he doesn't want to. There is a spat working up between the White House and the Federal Reserve. |
| 0:41.7 | It's traditional, but in this instance, Brett regards the remarks by the president, |
| 0:47.0 | intemperate remarks, demanding a cut of interest rates now, as looking for a scapegoat, we'll see. The market's down 10% or more in |
| 0:58.3 | two days. There's nothing wrong with the profits. There's nothing wrong with employment. |
| 1:04.0 | There's nothing wrong with the world politics. There's no COVID. There's no bank failure. |
| 1:14.5 | And Brett identifies uncertainty as contributing to the panic. I agree. Small Business America. Gene Marks has recommendations |
| 1:20.4 | for small businesses how to weather the storm of the tariff disputes that will likely |
| 1:26.0 | spill out over the next months. We also talk about the |
| 1:29.5 | Elon Musk management style, which Gene identifies as old-fashioned, not sensitive to workers, |
| 1:39.0 | no ping-pong tables in the break room. You have a mission. That's what's important. I take care of my people because they |
| 1:47.8 | take care of the mission. What I know about SpaceX is its drive to get to Mars burns people out. |
| 1:55.6 | They're deliriously happy once they've survived, but this is not a long-term employment contract. |
| 2:02.3 | Each of them have a job to do. |
| 2:03.9 | They do it, and they move on or find another job inside SpaceX. |
| 2:08.6 | All driven, sleeplessness. |
| 2:11.6 | Lots of stories. |
| 2:14.0 | It was that way when it was a startup. |
| 2:15.9 | It's that way when it's successful. |
... |
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