The Great America Show - April 04, 2025


Friday Mid-Day Update： April 4, 2025

Topics
job expectations and US economy Biden holdovers at 3-letter agencies
Hosted by
Lou Dobbs John Fawcett
Mentioned
Donald Trump Timothy Haig Klaus Schwab Wendy Noble Mike Waltz Joe Biden Marie Le I. Job
AFTER THIS, REPUBLICANS ARE IN FOR A RUDE AWAKENING The Great America Saturday Show： April 5, 2025

Episode Stats


Length

8 minutes

Words per minute

175.7

Word count

1,509

Sentence count

100

Harmful content

Misogyny

1

sentences flagged

Toxicity

3

sentences flagged

Hate speech

2

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

A strong March jobs report from the U.S. Canada's economy loses 33,000 jobs in March, the biggest drop in jobs for Canada since 2022. The Dow and S&P 500 hit new records and hit new all-time highs on the back-to-back days of bad news from the Davos Davos summit.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Hello everybody, I'm John Fossey with this Great America Show midday update for Friday, April 4th.
00:00:04.740 Happy Friday, folks. I hope you are all ready for the weekend, as am I.
00:00:09.020 Job expectation numbers are out. 228,000 added for the month of March,
00:00:14.400 as the Trump economy defies its critics, folks.
00:00:18.380 Employers in the United States added those 228,000 jobs to their payrolls for the month of March,
00:00:22.480 according to the Department of Labor Statistics, and the employment rate inched up to 4.2%.
00:00:27.960 Now, the big picture in this, economists had been expecting just 140,000 jobs added in March.
00:00:34.920 The climb in the unemployment rate was expected.
00:00:37.660 The private sector hiring was much stronger than expected.
00:00:40.160 Economists had expected a forecast of 115,000 jobs.
00:00:44.260 Businesses added 209,000.
00:00:46.380 Now, the workforce participation rate climbed from 62% to 63%.
00:00:51.440 The average work week lengthened, a sign of increased demand for labor.
00:00:55.620 Average hourly earnings rose 0.3% compared to February, and 3.8% increased compared to a year ago.
00:01:04.180 Now, folks, the strong job numbers is the latest economic data suggesting that the economy reigns on solid footing,
00:01:10.260 despite surveys showing gloomy consumer sentiment, rising policy uncertainty,
00:01:14.900 and businesses wary of future economic conditions, folks.
00:01:17.940 The tariff situation, the markets, oh, by the way, oil prices have hit a new low since 2021,
00:01:25.860 so we can expect gas prices to start falling pretty drastically, pretty rapidly over the next few days and the next few weeks,
00:01:34.520 all part of the Trump agenda.
00:01:36.080 As I was saying, these tariffs that are going into effect and the retaliatory tariffs that have taken effect already,
00:01:42.800 that President Trump put on these nations who, quite frankly, take advantage of America.
00:01:47.100 They think we're rich.
00:01:48.840 Those are going into effect, hitting the stock market a tiny bit.
00:01:53.040 This market correction, folks, this onshoring of jobs back to America,
00:01:58.220 is no longer about Wall Street.
00:02:00.400 It's about Main Street.
00:02:01.460 And I think that's the thing that us as the American people have to understand.
00:02:06.140 Yes, we all do have 401Ks.
00:02:07.940 Yes, we all do have IRAs and pension plans and all that good stuff that we're going to be needing when we retire
00:02:13.940 because Social Security might not be around.
00:02:16.360 Yes, we have all those.
00:02:17.560 But that's a long-haul situation outlook.
00:02:20.440 It's not something that we can look at right now and say,
00:02:23.000 well, in 20, 30 years from now, it's still going to be down.
00:02:27.740 This correction is about bringing jobs back to America.
00:02:30.940 For the future of America.
00:02:33.080 For onshoring back in America. 0.95
00:02:36.620 That's what this is about.
00:02:38.220 So that's what us, I think, as American people have to sit back and realize.
00:02:41.940 This is about Main Street.
00:02:42.940 It's about the blue-collar workers who have lost their jobs to outsourcing,
00:02:46.560 who have lost their jobs to cheap labor over in China.
00:02:50.760 That's what this one is about, folks.
00:02:52.880 Canada, one of the latest countries to be upset with the retaliatory tariffs.
00:02:57.300 But as we've told you the last few days here on The Great America Show,
00:03:01.200 they're guiltier than anybody with 200% tariffs on some goods into America.
00:03:05.820 Who the heck do they think they are?
00:03:07.320 Well, we've got some bad news for Canada.
00:03:09.720 Canada's economy lost 33,000 jobs in March.
00:03:12.760 Now, folks, this was the biggest drop in jobs,
00:03:15.320 biggest loss in jobs for Canada since 2022.
00:03:17.760 Of course, the United States exceeding expectations for their March numbers,
00:03:22.840 as we just broke down for you.
00:03:24.660 The big picture is Canada thinks they're going to continue to get over on America,
00:03:28.240 but those days are long gone, at least for the next four years,
00:03:31.340 with Donald Trump in power.
00:03:32.920 And a big shakeup happening at the economic, the World Economic Forum.
00:03:37.360 The globalist founder, Klaus Schwab,
00:03:40.520 says he's going to be departing and starting the process of stepping down
00:03:43.680 as chairman of its board of trustees, the Geneva-based institution confirming this week.
00:03:50.020 The German academic said the forum,
00:03:51.820 which convenes in its annual gathering of world elites at the Swiss resort of Davos,
00:03:56.500 must recover its, quote, sense of mission after a period of turmoil.
00:04:02.000 The Financial Times first reported Schwab's departure,
00:04:04.380 citing a letter to the trustees of the board,
00:04:07.240 confirming by two people with knowledge of the situation.
00:04:10.120 The missive reportedly said, in part,
00:04:11.860 quote, I am deeply convinced that in today's special context,
00:04:16.220 the forum is more important and relevant than ever before.
00:04:20.000 It is also financially very well equipped,
00:04:22.180 thanks to the successful financial management since its beginning,
00:04:25.380 which is essentially now, after the turmoil of the last few months,
00:04:29.200 is to recover our sense of mission.
00:04:32.020 The 87-year-old signaled to the board of trustees
00:04:34.000 that he would resign as a non-executive chair of the board of trustees,
00:04:37.920 and it came as a surprise to the other members of the board,
00:04:40.860 given he only transitioned to the job in the past few months,
00:04:44.180 and had promised many to keep on working as mastering global control issues.
00:04:49.780 Folks, I think Schwab saw the writing on the wall.
00:04:54.220 There is no more World Economic Forum.
00:04:56.920 They'll still get their money from the elites,
00:04:59.220 but it's a waste of money, because nobody's subscribing to it.
00:05:02.500 The world is waking up, folks.
00:05:04.220 You look over in France right now, and you look what they're doing to Marie Le Pen.
00:05:08.100 The same thing they did to Donald Trump.
00:05:10.340 We set the blueprint here in America.
00:05:12.260 You can go after your political leaders.
00:05:14.400 Well, we really got it from the banana republics who do it, 1.00
00:05:17.500 but we were the first world power to sit here on the economic and the world stage
00:05:23.240 and say, we're going to jail our political opponent.
00:05:26.340 We're going to ruin his life. 1.00
00:05:27.640 We're going to even try to get the man killed. 0.99
00:05:29.360 So now, these other nations, Europe is loving it, 0.98
00:05:32.920 because they hate conservatives over there. 0.74
00:05:35.460 Their Marxist-run dictatorship cannot stand conservatives.
00:05:42.180 So they're absolutely loving it, but it's the same thing.
00:05:45.080 And this is all their plan for world economic and social demand and power.
00:05:52.600 The same thing that Klaus Schwab has been preaching for years, folks.
00:05:55.760 So we're glad to see Klaus Schwab stepping down.
00:05:58.200 Turning to some news here at home, folks.
00:06:00.700 President Trump has fired the NSA U.S. Cyber Command
00:06:04.160 and NSA's top boss, Timothy Haig, and his deputy director.
00:06:08.440 President Trump firing Air Force General Timothy Haig,
00:06:11.620 the director of the NSA, as I said, and the head of cyber, U.S. Cyber Command.
00:06:15.500 General Haig, a Biden holdover who assumed leadership of both agencies in 2024,
00:06:19.980 has been relieved of his duties effective immediately.
00:06:23.540 General Haig was informed by the White House that his tenure had concluded
00:06:26.980 his civilian deputy at the NSA, Wendy Noble, was also relieved of her duties.
00:06:32.300 Noble was reassigned within the Pentagon to the office of the Undersecretary of Defense for Intelligence.
00:06:38.260 Now, why would these folks still be there in the first place?
00:06:42.220 It makes you wonder.
00:06:43.820 We had the whole signal gate where Mike Waltz was the troop text and this and that.
00:06:48.780 Yet we still, folks, we still have Biden holdovers.
00:06:53.320 Why?
00:06:54.920 Why do we have Biden holdovers still months after the administration had taken over?
00:06:59.740 We knew.
00:07:01.240 We had months to prepare.
00:07:03.100 The administration had months to prepare of who was working there and who had to go.
00:07:07.120 Because this is the same situation we're seeing from 2016, where there's people inside these
00:07:13.160 administrations who seek to undermine democracy, who seek to undermine a president, and seek
00:07:18.720 to undermine his administration.
00:07:20.820 This should have been done months ago.
00:07:23.400 We should not be seeing now, months into the administration, people who hate President Trump,
00:07:28.380 people who were appointed by Marxist Joe Biden, still at our three-letter agencies.
00:07:33.260 It's insane to me, folks.
00:07:35.860 It should be an outrage to all of us.
00:07:38.200 We voted for an administration of change to get rid of the status quo and to get rid of
00:07:42.840 these Marxists who mean to destroy America.
00:07:45.520 Yet they're still sitting there at their posts with their cushiony salary and their 401ks and
00:07:51.520 their pension plans.
00:07:53.160 And who's the victim here?
00:07:54.640 I guess we are.
00:07:56.040 Folks, please be sure to join us today and each and every day for The Great America Show
00:07:59.100 and The Great America Show Midday Updates, where we bring you the headlines and
00:08:02.860 updates on everything that you need to know to get through your day and to get through
00:08:07.000 your news day.
00:08:07.900 We'll see you tonight for The Great America Show, folks, 6 p.m.
00:08:10.740 Eastern Time, Rumble, YouTube, Twitter, Facebook, wherever you guys get your podcasts, wherever
00:08:16.600 you guys watch your podcasts.
00:08:18.300 You can catch us on video at those platforms and audio, Apple, iHeart, Spotify, wherever you
00:08:23.720 guys listen to your audio.
00:08:25.040 We appreciate all of you joining us from every single platform.
00:08:29.120 Folks, I'm Jon Foss with this Midday Update.
00:08:31.100 Have a great Friday, and if you don't join us tonight, you have a great weekend, and we'll
00:08:34.620 see you on Monday.