Non-farm payrolls hit a record high of 177,000, beating expectations by over 400,000! What does this mean for the economy and the stock market? What does it tell us about the direction of the economy?
00:00:16.000His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:00:25.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:00:37.000Noble Gold Investments is the official gold sponsor of The Charlie Kirk Show, a company that specializes in gold IRAs and physical delivery of precious metals.
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00:02:37.000I wanted to mention one other quick thing.
00:02:39.000You know, about two weeks ago, every headline, Wall Street Journal, New York Times, Washington Post, was, oh, the stock market is crashing.
00:02:47.000And since then, the market has been up, what, like 2,800 points.
00:02:51.000Yeah, well, you don't see that headline.
00:02:52.000And by the way, I don't see headlines about that.
00:02:54.000That was the point that Scott Besson made.
00:02:57.000Well, it's important to note, too, that the stock market is not the economy.
00:03:00.000The stock market can react to jitters and news.
00:03:03.000The economy is growing incredibly strong and is only going to grow stronger with the tax cut that we see coming and deregulation.
00:03:43.000They said by the summer we're going to see major drop-offs.
00:03:46.000But this jobs report has exceeded expectations.
00:03:48.000Well, this just reminds me of just about every other chapter of President Trump's political career where the elites and the experts tell us he's doing it wrong, only to be...
00:03:59.000find out in the end that he's doing it right, that his instincts have been right all along.
00:04:18.000We have internal disagreements on our team about tariffs.
00:04:20.000I get it that it causes jitters in the short term, but we're already seeing, especially with auto manufacturing, where they're starting to replace...
00:04:28.000You know, producers and their supply chains, they're reshoring those supply chains.
00:05:19.000And you've made this point on the show a bunch of times, and it's a point that it's worth reiterating, is that we are looking down the barrel of an AI revolution, of a robotic revolution.
00:06:02.000There was a story 10 days ago that said this is the worst April for the stock market since the Great Depression.
00:06:09.00010 days later, the NASDAQ is now up in the month of April, and I haven't seen a story that says, oh, stock market has biggest bounce back ever.
00:06:19.000Well, it certainly has gone back and forth.
00:06:22.000I think a lot of this is media-driven.
00:06:25.000Of course, and this is the most important clip of them all, which is, this is Joel Scheilman, who's a CEO of a company called eShares.
00:06:31.000Even these CEOs believe the propaganda.
00:06:34.000They think, like, well, the economy must be bad because everyone says the economy is bad.
00:06:37.000So he is on the front lines of hiring and investing, and he's even surprised at how good the numbers are.
00:06:44.000What's interesting, the numbers, by the way, were very, I was a little surprised to see how strong they were, but this is very encouraging because we're already seeing many of the companies dependent upon foreign suppliers.
00:06:57.000Already reassuring some of their jobs.
00:06:59.000In fact, I talked just recently to a couple of entrepreneurs who are getting off their China dependency.
00:07:05.000They are going to other Southeast Asia companies for their supplies, and they're starting to look at domestic manufacturers.
00:07:11.000So they're putting orders in already for the third and fourth quarter for this.
00:07:15.000And you combine all this together, President Trump, this economy will only get better.
00:07:20.000And it's very important, everybody, because...
00:07:22.000The media's almost been calling and cheering for an economic collapse.
00:07:25.000I mean, can you think of anything more sinister and more wicked than a group of people that want Americans to suffer?
00:07:33.000They actually, if they got their way, the market would go down to, you know, 25,000 and people would be out of work.
00:07:39.000They'd say, see, I told you Trump is this terrible and awful person.
00:07:41.000Well, it's an existential dilemma for them, though, Charlie, because if Trump succeeds, that means their entire worldview is cast into doubt.
00:07:50.000If you are cheering for the downfall of America and you're cheering for – if you want bad economic news, then you care much more about political power than any sort of patriotic allegiance to the United States.
00:08:00.000You wanted to play a piece of tape here?
00:08:02.000Yeah, I want to play Charles Payne, 484.
00:08:04.000One more piece of econ here, and this is talking about manufacturing directly, 484.
00:08:08.000As I look at this initially, the one thing that really jumps out to me that I love, transportation and warehousing.
00:08:17.000Some of this manufacturing, some of these deals that the White House has announced, maybe we're starting to see that already play out.
00:08:24.000Yeah, I mean, so the White House has said that it's over $5 trillion in foreign investment in manufacturing.
00:08:32.000And by the way, speaking to our earlier point about technology and robotics and AI, these are investments in warehousing, data warehousing, energy capacity.
00:08:43.000These are high-tech investments in the future from Apple, NVIDIA and others, SoftBank.
00:08:49.000This is not like, you know, those images in your head of the...
00:08:53.000The steel welders, although we love the steel mills, don't get me wrong, this is the jobs of the future.
00:09:19.000And we're also going to go deeper into some of the other really good news of the day, including what I thought was a phenomenal segment that Jesse Waters did with Doge.
00:09:27.000I don't know if you guys caught it or not.
00:09:28.000It was a really, really good picture of the super geniuses that are going through the spending practices of our federal government.
00:09:35.000And just look, we'll talk about the psychology of Elon Musk and how he has all the money in the world and he's going in to try to make our government more efficient.
00:09:42.000And that makes you a villain in modern America.
00:09:44.000Ask 10 people to define the word capitalism.
00:09:49.000How many different responses do you think you'll get?
00:09:51.000This is a word that comes up all the time.
00:09:53.000But does anyone know what it really means?
00:09:56.000Hillsdale College offers more than 40 free online courses.
00:10:00.000That's right, free online courses on subjects like the Book of Genesis, the rise and fall of the Roman Empire, the history of the ancient Christian church.
00:10:08.000It's hard for me to even say which is my personal favorite.
00:10:13.000They've recently launched a new course, Understanding Capitalism, that I've been watching.
00:10:17.000In seven lectures, you'll learn about the role of profit and loss, how human nature plays a part in our economic system, why capitalism depends on private property rights, the rule of law, and above all, freedom, and why capitalism is ultimately a system that encourages morality rather than undermines
00:10:45.000Late last night, President Donald Trump signed a, I would say, a pretty ambitious executive order, one that I truly appreciate, which is he defunded NPR.
00:10:58.000I've got to do that in your NPR voice.
00:11:00.000It's amazing how you don't even have to call.
00:12:39.000...is that PBS is able to get into child environments because it's PBS with incredibly sexually explicit content that is now laced in this trans insanity and this radicalism and critical theory.
00:12:53.000But look, NPR, NPR especially, has become...
00:12:56.000It's too bad because I actually remember a different NPR growing up.
00:13:00.000I mean, they were still liberal, but...
00:13:37.000They took the taxpayer money, and they diversified into podcasting, and NPR podcasts are very popular because they have $500 million to produce it, and they are unspeakably radical.
00:13:49.000That sounds like they should be making money then, Charlie.
00:13:51.000Well, that's right, but here's the thing.
00:13:52.000So the third biggest podcast out there is NPR.
00:14:42.000So Ken Burns and baseball, they replay this stuff still because it's still their most popular content as opposed to their more radical stuff.
00:14:49.000Yeah, and the New York Times is not publicly financed.
00:15:04.000If the Republicans in Congress fail to defund NPR and PBS, because Trump can only do so much by an executive order, that will be one of the easiest— The Democrats would never put up with it.
00:15:42.000Not to mention, during all the Floydapalooza stuff post-2020, their articles about the looting and the rioting was so outrageous, was so out of the norm.
00:15:53.000And so, I gotta be honest, I love this.
00:15:56.000It might not be a ton of money in the grand scheme of things, but beyond that, the rebalancing of the American narrative war that this would do is remarkable.
00:16:07.000Think about how conservative this country could become if we weren't subsidizing the Democrat Party with our own taxpayer funding to have them have a bigger microphone than they actually should have.
00:16:19.000What does a mechanic and auto shop owner in Georgia, a taco restaurant operator in Arizona, and a life-saving medical innovator in Tennessee have in common?
00:16:28.000They're all small business owners, and they're all thriving on TikTok.
00:16:32.000Across the U.S., over 7.5 million businesses, from family-owned shops to entrepreneurs, are using TikTok to compete and grow.
00:16:39.000We use TikTok all the time on The Charlie Kirk Show.
00:16:41.000In fact, 74% of businesses on TikTok say TikTok has allowed them to scale their operations, increasing sales, and expanding to new locations.
00:17:30.000Instead, they just go to Congress, specifically Democrat members of Congress, and they say, I'm just going to do air cover for you and for your agenda.
00:18:31.000The number one challenge here that we see is, of course, the First Amendment in the United States is a fairly robust protection of rights.
00:18:42.000And that is a protection of rights both for platforms, which I actually think is very important that platforms have those rights to be able to regulate what kind of content they want on their sites.
00:18:50.000But it also means that it is a little bit tricky to really address some of the real challenges of where does bad information come from and sort of the influence peddlers who have made a real market economy around it.
00:19:03.000So this is the head of NPR saying that the First Amendment is a real problem for publishers.
00:19:09.000So she's anti-American, she's anti-free speech, and this is subsidized by taxpayers.
00:19:15.000And here's the last point I'm going to make, Charlie.
00:19:18.000The Democrats say this is an earmark of dictatorship, that you're trying to play winners and losers in the media space.
00:19:27.000No, the earmark of a dictatorship and of an authoritarian regime is that you have state-sponsored...
00:19:51.000So when you have these instruments, these organs that are funded by taxpayers...
00:19:56.000Now, thankfully in America, we are still a semblance of a free society.
00:20:00.000And the First Amendment is our birthright.
00:20:01.000The reason we're able to push back on this nonsense is we're able to speak freely without threat of imprisonment.
00:20:06.000But in these other countries, they are the predominant...
00:20:09.000They are the predominant news organization.
00:20:11.000It's very similar to Pravda in the Soviet Union.
00:20:14.000Pravda literally meant truth in Russian, where you weren't able to question it.
00:20:18.000And NPR thankfully has been flailing, but don't underestimate their influence.
00:20:22.000What they've been able to do on podcasting is legitimate because they poured so much money into it, and there's no reason why taxpayers should subsidize it.
00:21:51.000A little bit of breaking news coming in to us from Germany.
00:21:55.000The Reuters News Agency is reporting that the country's domestic intelligence agency has classified the Alternative for Germany party as an extremist entity that threatens democracy, a move that enables it to better monitor the party,
00:22:12.000which came second, of course, in February's federal election.
00:22:16.000And I want to just, this is what would have happened if Kamala Harris would have become president, everybody.
00:22:21.000If Kamala Harris was in the White House right now, Turning Point USA would be recognized as an official extremist organization.
00:22:27.000They were already spying on groups like ours.
00:22:28.000They were already trying to infiltrate us.
00:22:30.000And it's amazing how on July 13th, not only did Donald Trump dodge a bullet, but America dodged a bullet too, preventing Kamala Harris from becoming president of the United States.
00:22:39.000Because we look at what's happening in Canada.
00:22:41.000These other countries are not becoming freer societies because America is course-correcting.
00:22:46.000They're doubling down on becoming unfree, totalitarian countries.
00:22:51.000In Germany, if you say something that's considered racist online, they will raid your home, they will take your devices, and you will face prison time.
00:23:21.000But every day I wake up and I just say, thank you, God, that Donald Trump is president.
00:23:26.000Because I look at these other Western countries and they are becoming more and more radical.
00:23:31.000They're becoming more and more extreme.
00:23:34.000And the United Kingdom, where I'm actually going to go debate at Oxford soon, they're putting people in prison and in jail for making documentaries, for challenging the status quo.
00:23:45.000And I hope Americans, especially American conservatives, can understand that the trajectory is away from speech and away from quote-unquote liberal democracy.
00:23:53.000And think about how insane that clip is you just watched.
00:23:56.000Well, we're going to punish the most popular political party because it's a threat to democracy.
00:24:49.000Listen to our program, because we cover this stuff, because the mainstream media here in America doesn't really cover what's happening in these other countries, and it is an exceptional moment that we live in the United States of America.
00:27:01.000Because that's not what the promise of the fall of the Berlin Wall was.
00:27:04.000But what we are getting at, which is very important, the fundamental point is that we in America are actually trending in the right direction.
00:27:11.000These other countries are going in the wrong direction, and we have this island now, this island of liberty surrounded by totalitarianism.
00:27:28.000You don't have to ignore that mountain of student loan statements on your kitchen table anymore.
00:27:31.000YREFI does not care what your credit score is when the payment on your distressed or defaulted private student loan is so big that you can't ever get ahead in your finances.
00:28:24.000All these super geniuses that have built their own businesses or dropped out of Harvard or whatever, and he's brought them together to solve some of the most confounding problems in our federal government.
00:28:33.000And I just want to reiterate, you know how thankful we should be that we have the smartest young people on the planet that want to go into our government and make it more efficient?
00:28:40.000Do you know how they've been treated by the media?
00:29:12.000Just a few hours after we got into their headquarters, we found that their chief accountant had actually deleted over a terabyte of accounting records from several years.
00:29:19.000So you'd have to ask the question, well, why would somebody do that?
00:29:22.000The Doge team, unfortunately, was able to recover that data with the help of a few great employees at the Institute of Peace.
00:29:27.000And I think the most troubling thing was they received $55 million a year from Congress, and any money that went unspent, instead of returning that to Congress, they would sweep it into a private bank account, which had no congressional oversight.
00:29:39.000And that's what they would use to fund things like events at their headquarters and the private jets.
00:29:49.000Other things that came out of this discussion, just mind you, is our founders established essentially four agencies of the federal government.
00:30:25.000They found that money was being used to rent out Caesar's Palace for parties, rent out stadiums, etc.
00:30:31.000And so the one change that Doge made with Department of Education is we had the simple requirement that if you draw down money, you must first upload a receipt.
00:30:39.000That was the only change that was made.
00:31:46.000That not only Trump won, but he empowered Elon Musk.
00:31:49.000And every day, every day when you guys are worrying about the country, you have the brightest minds imaginable that are literally working 24-7.