4.8 • 965 Ratings
🗓️ 24 April 2025
⏱️ 4 minutes
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Let's talk about Trump's tariff turnaround and the real news....
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0:00.0 | Well, howdy there, Internet people, it's Bell again. |
0:05.0 | So today, we're going to talk about Trump's turnaround and the real news. |
0:10.0 | Yesterday, the markets had a pretty good day, but that's actually the problem. |
0:15.0 | The Dow, the S&P 500, and the NASDAQ were all up about 2.5%. Under normal circumstances, that's good news. |
0:24.8 | But in this case, it's showing a disconnect between the markets and the real news. |
0:30.2 | The market was responding to Trump administration statements. First, U.S. Treasury Secretary |
0:36.2 | Scott Bessent said that the trade war between the U.S. and China was |
0:40.5 | unsustainable. This isn't news. Everybody except the Trump administration seemed to know that from the |
0:47.3 | beginning. He also said he expected de-escalation to occur soon between the two countries. That would be good news if it was |
0:56.0 | news. But since talks haven't even started, that's kind of just going off vibes. Unless, of course, |
1:03.4 | Besson knows Trump just plans on throwing in the towel during the talks and then telling his base he |
1:08.9 | won. What's the other piece of news that drove the markets up? |
1:13.8 | Trump said he had no intention of firing Fed Chair Jerome Powell. |
1:18.5 | That's cool. I don't plan on firing him either. |
1:22.3 | Trump isn't actually in a situation where he can fire Powell. |
1:26.0 | So the market responded positively to Trump saying |
1:29.4 | he wasn't going to swim the Atlantic. That wasn't going to happen anyway. What's the actual |
1:36.1 | news here? The U.S. Treasury Secretary is saying the President's Trade War isn't sustainable. |
1:43.4 | This just handed leverage to every country currently |
1:46.5 | in negotiations. They now know the U.S. isn't doing well economically and may not be able to |
1:53.1 | weather the storm. And Trump said he wasn't going to attempt to do something that shouldn't even |
1:59.0 | be considered an option. Beyond those two pieces |
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