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Prof G Markets

Trump Wins — ft. Anthony Scaramucci

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6722 Ratings

🗓️ 7 November 2024

⏱️ 65 minutes

🧾️ Download transcript

Summary

Scott and Ed open the show with the market’s reaction to the election, and share their initial feelings about the outcome as well. Then Anthony Scaramucci returns to the show to identify what promises Trump will or won't keep, share what he thinks about Elon’s role in the campaign, and predict who will be in Trump’s cabinet. He also offers his thoughts on the betting markets and what will happen to Donald Trump Media stock.  Check out Prof G Markets in Spanish and Portuguese on Youtube.  Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

If you think talking about finances in general is hard, try talking to your parents about money.

0:07.0

What you don't want to do is like, do you have any money, what's going on?

0:11.0

You don't want to come at them in a more adversarial way.

0:15.0

Or, as I said, you don't want to come out like you're now the parent.

0:19.0

What to do about the ups and downs of your 401k?

0:22.6

If you or someone you care about plans to retire soon, that's on the next explain it to me.

0:28.4

New episodes every Sunday morning.

0:34.0

Today's number 15.9 billion dollars. that's the estimated record amount spent on this

0:39.1

u.s federal i could give a shit you fucking idiots what the fuck what the actual fuck welcome to Welcome to Prop.Gee Markets, today we're speaking with Anthony Scaramucci, the founder and managing partner of Skybridge Capital. But first, here with the news is Profi analyst Ed Elson who's about to incur the largest tax increase in history on young people with runaway deficits and an inflationary fiscal policy.

1:17.9

And most likely we'll knock up some young lady who will have to carry the baby to term and be impoverished and lose any sense of empathy for special interest groups and move to fucking Costa Rica.

1:31.7

I don't know.

1:32.1

I'd say something to cheer me up, Ed.

1:34.6

I don't know how much to cheer you up this morning, Scott.

1:37.2

But I'll just get straight into the headlines here.

1:39.9

So Donald Trump has won the election.

1:42.0

And here's how the market's reacted.

1:45.4

Bitcoin hit a record high of more than $75,000 on election night. Trump media stock soared around 30% pre-market

1:51.0

the next day, and Tesla jumped 15%. Treasury yields rose, pointing towards a larger deficit and higher

1:58.0

inflation under Trump's second term. The dollar hit its highest level in a year,

2:02.6

as his proposed tariffs would imply a stronger currency. Meanwhile, the Chinese UN and the euro

2:08.6

fell sharply, and the Mexican peso dropped to a two-year low. The S&P 500 and NASDAQ opened 2% higher

2:16.7

Wednesday morning.

...

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