00:00:01.000I take your questions always on Monday.
00:00:03.000You guys can email us your thoughts all throughout the week.
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00:00:08.000What is going on with the tech stocks collapse?
00:00:12.000An economic-focused episode at first, and we dive into some other very important topics here on the Charlie Kirk show.
00:00:18.000You can email me directly as always, freedom at charliekirk.com if you want your questions to be considered to be answered on this podcast.
00:00:57.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:35.000Quote, Facebook parents' company Meta Platforms shed more than $230 billion in market value, a one-day loss that is the biggest ever for a U.S. company and increases pressure on a stock market, long powered by tech shares.
00:01:52.000Stocks priced way down beyond perfection faces scrutiny.
00:01:58.000Facebook parent company has record fall.
00:02:01.000More than $230 billion, the biggest ever for a company ever for one day, biggest drop.
00:02:08.000Meta platforms gave a disappointing financial forecast, helping the major indexes snap a four-session winning streak.
00:02:16.000The tech-heavy NASDAQ composite index dropped 3.7%.
00:02:20.000PayPal Holdings and Spotify Technologies also spooked investors in recent days when the payment giants lowered its 2022 profit outlook and the streaming company elected not to provide annual guidance.
00:02:33.000So Facebook seemed like it was this untouchable company for quite a while, but they are just completely and totally collapsing.
00:02:41.000The stock is down and it's up a little bit.
00:04:25.000They've actually rallied from where they were, which was a total collapse of about $359 a share.
00:04:32.000Their seven-week high was a market capitalization of about $300 billion.
00:04:39.000And they're now at about $181 billion company.
00:04:42.000Netflix is spending $17 billion on content alone this year, $17 billion just on content, most of which is BLM, alphabet mafia, complete and total nonsense.
00:04:54.000So what's happening is you're starting to see a correction, but not just a market correction.
00:04:59.000I think you're starting to see a civilizational correction.
00:05:03.000I think you're starting to see across the board people disengage from these tech companies, push back against what we call the woke industrial complex, and it's starting to reflect in media ratings, starting to reflect in stock prices, it's starting to reflect in public approval ratings, starting to reflect in so many different indicators.
00:05:21.000And this is something that we've been waiting for for quite some time.
00:05:24.000We asked how long can these news companies continue to exist?
00:05:28.000I mean, for the tech companies, they seemed untouchable for years.
00:05:31.000Google and Facebook in particular, and Netflix alongside of it.
00:05:36.000But Facebook in particular was one that we thought would never really kind of be properly challenged.
00:05:41.000A new story out today basically describes it as an unprecedented cratering.
00:06:12.000Is this will be a massive stress test of wokeism?
00:06:18.000You see, it's easy to fund and to entertain and to support woke ideology, critical race theory, all these different things when the profits are flowing.
00:06:31.000When you just have rivers of cash from the Federal Reserve and a stock price that is super inflated, then it's easy to all of a sudden be like, yeah, okay, let's give the wokeies $100 million and let's go fund BLM and schools.
00:06:45.000But now Zuckerberg is going to have to have a very serious question, which is, was it wise to declare war on half the country, Mark Zuckerberg?
00:06:52.000Was that smart to kick Donald Trump off your platform?
00:06:56.000But there was an arrogance, and this is a huge kind of development of the last year.
00:07:01.000And I tell people this, and Facebook is a great example of it.
00:07:04.000You know, where we're streaming right now, and we talk about it quite some time.
00:07:07.000We've partnered with them on many different things, and we're involved in a lot of different kind of projects with Rumble.
00:07:14.000Rumble in the last year has skyrocketed.
00:09:48.000And remember, Michael Jordan said Republicans buy shoes too.
00:09:52.000And Google and Facebook, because the profits were so dramatic, they felt that they could alienate, they could destroy half the country, and there wouldn't be a competitor that would come up against them.
00:10:03.000And they're quickly learning that there is Twitter.
00:10:05.000I mean, what is Twitter doing with their?
00:12:02.000We cheer for the country when it does well.
00:12:04.000I'm not going to give Biden credit for it because he certainly didn't do anything to help make this happen, but it's good news for the country for sure, which is the labor news that came out today.
00:14:01.000So if this data is true, it says January jobs report: payrolls jump by $467,000 as unemployment rate rises to 4%.
00:14:11.000U.S. employers added back far more jobs than expected in January, even as Omicron cases surges at the beginning of the year.
00:14:19.000So they say that the job reports are lovely.
00:14:22.000Now, this is what doesn't make any sense.
00:14:23.000Labor force participation near lowest since 1977.
00:14:27.000The Bureau of Labor Statistics defined the labor force participation rate as the percentage of civilian non-institutional population 16 years and older.
00:14:35.000It's the lowest labor force participation rate, but they're saying we're creating all these jobs.
00:15:33.000Gold is flatlining, which is the most bizarre, one of the most bizarre things is that you would think in an inflationary time, gold would be up huge.
00:15:41.000Gold is down year to date, or it's about even.
00:15:45.000Gold was up really big, not really big.
00:15:47.000It was relatively big around May of last year.
00:15:50.000But isn't that an indictment for gold in some ways?
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00:18:08.000I also think some of the disruptions in the labor force is obviously government intrusion, vaccine mandates, mask mandates, the quality of work as far as how hard it is just to work.
00:18:18.000I mean, I was just at a restaurant yesterday in Orange County, California, meeting with our good friends Andrew and Todd.
00:18:25.000That's AndrewandTodd.com for all of you keeping it score at home.
00:18:44.000And again, I don't do this to try to be disagreeable.
00:18:48.000Pastor David Engelhart and I and Will Petty, who's on our team, we all went in there without masks and they didn't stop us.
00:18:53.000Now, mind you, between Will Petty, David Engelhart, and I, it looks like a, you know, a Lithuanian basketball team that's walking into their restaurant.
00:19:01.000It's like, I don't, I wouldn't want to stop us either.
00:22:26.000I have said this entire time: one of the great missed opportunities for the Republican Party and the conservative cause was allying with black men and athletes against mandatory vaccinations.
00:22:37.000I think it's been one of the great political missed opportunities of a generation.
00:22:41.000Now, why would the black community not be pro-vaccine?
00:22:56.000I think that they have a history that is unquestioned of forced sterilization of, quote, idiot women, the Tuskegee trials, and medical experimentation.
00:23:10.000And there is a general cynicism and distrust in the black community of government mandates towards what they call black bodies.
00:23:17.000It's a little hyperracial for my personal opinion, but they're not wrong.
00:23:22.000I don't think this vaccine was concocted just to try to hurt black people, obviously.
00:23:28.000But I think that the skepticism and the cynicism a lot of members of the black community had was completely warranted.
00:23:34.000And Shaquille O'Neal's articulating it perfectly.
00:23:37.000And Kyrie Irving and Shaq and Kyrie Irving went back and forth.
00:23:41.000He actually blasted Kyrie Irving for not complying with the vaccine.
00:23:44.000And now maybe Shaquille O'Neal has evolved or what's the politically correct way?
00:24:40.000Well, we never should have locked up our country, and our team has this cut in the cut sheet.
00:24:44.000I don't like doing this, but I do this for a reason, only because we have a good track record on this program of taking firm stances and then being vindicated and validated despite all the pressure against us when those things happen.
00:25:00.000So we are anti-lockdowns from the very beginning.
00:25:03.000I don't think America ever should have locked on a single day.
00:25:05.000And it's not because we saw the future.
00:25:07.000It's because this show, and amongst many other people, like Larry Arn from Hillsdale College, who was anti-lockdown, if you ponder and stew over things that are eternal, and if you try to focus on wisdom, things that do not change, well, then you'll be able to see things a lot more clearly.
00:25:27.000Unfortunately, our leaders have no such interest in that.
00:25:30.000This was from March of 2020, two years ago, basically.
00:25:49.000And they have confidence in the president of the United States, what he's doing here.
00:25:52.000But they want to know on day 15 that they're going to get a green light to go back to work because you cannot cage the American entrepreneur.
00:26:40.000And, you know, there's always a renewed national debate every time we nominate any president that nominates a justice because the Constitution is always evolving slightly in terms of additional rights or curtailing rights, et cetera.
00:27:06.000Hegelianism looks at the arc of history and they look at things as evolving towards inevitable perfection or utopia.
00:27:14.000They take the Christian belief of the escaton, which means the end times, and they apply it to political theory, and they come up with this baseless idea that we are going to rumble and tumble through time towards a state of eventual perfection.
00:27:26.000Now, the Constitution is not evolving.
00:27:29.000The promise of the Constitution remains constant, largely because it's either you believe human nature changes or it does not change.
00:27:40.000Aristotle famously said that nature is the norm.
00:27:44.000The Constitution was not written for the times.
00:27:46.000It was written to stand the test of time.
00:27:49.000Because human beings are always going to want to consolidate power.
00:27:52.000They're always going to want to abuse that power.
00:27:55.000We, the people of the United States, in order to form a more perfect union, establish justice, ensure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity.
00:28:08.000So there's an intergenerational promise there.
00:28:10.000Do ordain and establish this Constitution for the United States of America.
00:28:15.000Goes through the first seven articles of the Constitution, and it wasn't until 1791 that the Bill of Rights was officially ratified.
00:28:22.000But to believe the Constitution is always changing is to believe that human beings are also changing, and we are not.
00:28:30.000Just because technology changes, and just because things around us are moving faster, technology is very simple.
00:28:36.000The best way to describe what technology is is doing more work with less force.
00:28:57.000You're able to do more work with less work.
00:29:01.000You're able to do more output with less force.
00:29:02.000I have some of my physics terms a little bit twisted here, but you understand what I'm saying.
00:29:06.000And just because you have technology does not mean the principles that govern the universe change.
00:29:10.000And this is why Christians, I think, get so off track here when they don't engage in these arguments.
00:29:15.000Do you believe in the natural law or not?
00:29:18.000If you believe in the natural law, the unchanging principles that govern the universe, or as Thomas Jefferson would say, the laws of nature and nature is God, you do not believe what Joe Biden said, that the Constitution is slightly evolving.
00:29:29.000The natural law is not slightly evolving.
00:29:31.000So the Constitution remains because human nature remains.
00:29:39.000By now, you've all heard me talk about My Pillow, and now Mike has done it again with his My Slippers.
00:29:45.000Mike has taken over two years to develop.
00:29:47.000They're designed to wear indoor and outdoor all day long and made with MyPillow foam and impact gel to help prevent fatigue.
00:31:29.000So Nancy Pelosi tells U.S. athletes not to speak out against the Chinese communist regime, lest they risk incurring the anger of the Chinese government.
00:31:38.000Now, she's being called the shill and the pup of the Chinese Communist Party.
00:33:19.000And if Trump did that, the athletes would be safe and free, and they would be doing Instagram lives from the Great Wall of China, and they'd be able to walk to Mao Zedong's grave.
00:33:29.000People are focusing on the Pelosi element of it.
00:33:32.000And it looks like she's pandering in all this, but I'll be honest.
00:33:49.000Would you go tell a bunch of athletes to go into China without State Department support and without presidential support and White House support to go protest the Chinese regime?
00:34:28.000The president of the United States and the head of the State Department, Secretary of State.
00:34:33.000And honestly, Nancy Pelosi is saying this for another reason.
00:34:36.000The last thing Democrats need is a hostage situation with China going into the midterms.
00:34:40.000But then this does beg another question, Pelosi, which is, if you know how ruthless the Chinese is, why are we still doing business with them?
00:34:50.000Why are you not passing tariffs or measures against them?
00:34:53.000You know, Pelosi's saying something that, considering the lack of backup, and she probably agrees with the lack of backup because she's purchased by the Chinese party, Communist Party.
00:35:03.000I don't want my fellow Americans to be held hostage in China.
00:35:06.000If we had a real president, it could end like that.
00:35:10.000You tell Xi Jinping, one of your soulless apparatches lays a finger on an American, we wreck your economy.