4.8 • 1.6K Ratings
🗓️ 2 May 2025
⏱️ 57 minutes
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0:00.0 | Welcome to political beatdown. I'm Ben Myceles, joined by Michael Cohen. We've got a lot to discuss. |
0:07.9 | You know, Michael Cohen, an indicator that I saw this morning, in addition to the news yesterday, |
0:13.5 | that the economy is contracting and shrinking, GDP for the first quarter, negative 0.3%. But sometimes there's other data that just tells you |
0:22.8 | a narrative and stands out. And it's that McDonald's and their profits and their sales are |
0:29.2 | dramatically decreasing and they're citing the fact. Absolutely not true. It's not true. I went to |
0:34.8 | McDonald's just the other day. I went just the other day and I bought, |
0:38.3 | I bought like a lot. And if you're listening to, though, what a lot of these, you know, |
0:44.6 | retailers are saying, if you listen to the SOS warnings from your targets and your Walmarts and |
0:52.2 | your home depots, you know, they're, they're telling us what is right around the corner, |
0:59.1 | you know, and to me at this moment, the market and the volatility right now looks more like |
1:07.2 | a Trump meme coin or a Trump stock than actually being tethered to the reality of the |
1:14.7 | situation. And I just believe that that's very, very problematic. I want to get into that more, |
1:19.7 | you know, on the show because again, freight volumes decreasing dramatically, trucking volumes, |
1:26.7 | decreasing dramatically. Donald volumes, decreasing dramatically. |
1:29.1 | Donald Trump, when he's been either interviewed or when he's in the Oval Office, |
1:33.1 | he's saying things like, why do we care about products coming in from China? |
1:38.2 | Like, does your kid need $30? |
1:41.2 | Just give them two dolls. |
1:43.0 | And if they've got to pay no money, |
1:44.3 | did your parents ever give you 30 gifts for a holiday? I mean, you know, you got two. |
1:49.9 | It was a lot. But now he's even acknowledging that you won't be able to afford the two. |
1:54.5 | You know, Ben, under normal circumstances, as you know, I kind of, I try to make as much light |
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