Valuetainment - April 01, 2025


“I Couldn’t Care Less” - Trump’s Response To Auto Companies Raising Prices Due to Tariffs


Episode Stats


Length

27 minutes

Words per minute

192.04616

Word count

5,225

Sentence count

498

Harmful content

Misogyny

10

sentences flagged

Toxicity

33

sentences flagged

Hate speech

10

sentences flagged


Summary

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

Trump announces new tariffs on all countries. Will they be reciprocal or not? What will they do to raise prices? What are they going to do about it? We talk about it all on today's episode of the Stock Market Movers and Shakers.

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 .
00:00:00.000 The tariffs are starting, folks, and Trump says reciprocal tariffs set to start with all countries.
00:00:08.140 Rob, I think you have a clip on that, and he's talking to Bloomberg.
00:00:11.940 This is, I believe, yesterday that this took place.
00:00:14.740 Do you see the clip? Let me just read it, and I'll come to you, Rob.
00:00:18.120 Okay, go for it. Play this clip if you could.
00:00:21.280 Yeah, please.
00:00:22.140 The size of the investment, partly because of tariffs.
00:00:25.380 On April 2nd, the reciprocal tariffs will go into effect.
00:00:27.720 Is it truly reciprocal, or are there some countries that might get a break, or some sectors that might get a break?
00:00:33.260 Well, I may give a lot of countries breaks, but it's reciprocal, but we might be even nicer than that.
00:00:39.940 You know, we've been very nice to a lot of countries for a long time, but I call it Liberation Day.
00:00:45.380 April 2nd is Liberation Day, but today, as you know, we did something with respect to Venezuela.
00:00:50.740 You heard about that, and that will be quite important.
00:00:54.560 We'll be announcing some additional tariffs over the next few days, having to do with automobiles, cars, and having also to do a little bit with lumber down the road.
00:01:05.540 Lumber and chips are going to get all those chip companies coming back.
00:01:10.500 They're already coming back without even doing it, so it's been very good.
00:01:14.920 But we'll be announcing some others, but for the most part, April 2nd will be a big day.
00:01:19.220 That'll be a reciprocal day, and we'll be bringing some of the money back that's been taken from us.
00:01:25.680 Let's be nice by using the word taken.
00:01:27.820 I don't want to use a stronger word, because these guys are professional politicians, and they don't like to hear those words.
00:01:32.860 I refuse to use a word stolen from us, but they can't die.
00:01:38.840 You can pause it.
00:01:39.720 By the way, look at Mike Johnson.
00:01:41.380 He totally sunned him right there.
00:01:42.540 Look at Mike Johnson, bro.
00:01:45.040 The Venezuela thing is a 25% he's putting on the oil sanctions, and he's targeting Russia's oil heavy company,
00:01:52.620 with ex-official Edward Fishman noting Russia's most important sector is under much more modest sanctions,
00:01:58.820 and so Moscow has been able to earn from those exports.
00:02:02.500 So if he's serious about trying to put pressure on Russia, it would be by targeting Russian oil.
00:02:08.020 So that's what some of the people opposing that are saying.
00:02:10.520 By the way, I hope it's reciprocal tariffs on everybody and no breaks given.
00:02:14.640 I hope reciprocal.
00:02:16.280 You're tariffing me.
00:02:17.260 I'm going to tariff you.
00:02:18.100 What do you mean I'm not going to tariff?
00:02:19.560 You're charging me 18%.
00:02:20.800 I'm charging you 3%.
00:02:21.920 I hope they do 100% of reciprocal on everybody until they lower their prices on everyone else.
00:02:27.660 And then a question was asked, Rob, if auto companies raise costs due to tariffs.
00:02:33.320 I think you have that clip as well.
00:02:35.760 Here's another question being asked about what are you going to do if auto companies raise prices.
00:02:39.720 Go for it, Rob.
00:02:40.860 I couldn't care less if they raise prices because people are going to start buying American-made cars.
00:02:46.720 And, Jose, I asked the president about his desire to annex Greenland.
00:02:50.460 Mr. Trump saying there's a good possibility it could be done without military force,
00:02:54.540 but added, I don't take anything off the table.
00:02:56.820 All right.
00:02:57.920 So, Adam, your thoughts on this.
00:02:59.740 So, just like we did in the last segment, Rob, would you do me a favor and just Google
00:03:05.420 or get the definition of reciprocal or reciprocity, either one.
00:03:12.820 So, while you're pulling that up, what does it say?
00:03:15.560 Given, felt, or done in return.
00:03:17.620 So, it's like I do for you and you do for me.
00:03:20.040 Or you're going to charge me, I'm going to charge you.
00:03:22.980 We said this joke the other day about, like, the two Indian guys who were fighting in the car. 0.95
00:03:27.120 And, like, it was like, you screw me. 0.99
00:03:29.200 I screw you. 1.00
00:03:29.920 No, screw you, Vinny. 1.00
00:03:31.300 Yeah. 1.00
00:03:31.680 No, screw you. 1.00
00:03:32.300 No, screw you. 1.00
00:03:33.040 Yeah. 1.00
00:03:33.400 I screw you. 0.99
00:03:34.000 Yeah. 1.00
00:03:34.180 But if only one person is like, screw you, screw you, screw you, you're like, okay. 1.00
00:03:38.280 Yeah. 0.99
00:03:39.020 Then, like, at what point are you going to be like, dude, what? 0.97
00:03:41.700 Stop screwing me. 0.57
00:03:42.840 So, I think what happened, if I can kind of give sort of a macro approach, you know, they 0.95
00:03:48.280 talk about the new world order or Trump is disrupting the new world order or the liberal
00:03:54.280 world order.
00:03:55.260 So, after World War II, who was the king of the castle?
00:04:00.340 It was the United States.
00:04:01.300 It wasn't even close.
00:04:02.280 And then shortly after that, Tom, and you probably remember this, the Cold War started, right?
00:04:07.060 60s into the 70s, right?
00:04:09.640 And then by 1990, there was no, what?
00:04:12.380 I'm laughing at something else.
00:04:13.880 Okay.
00:04:14.260 He's laughing at something else.
00:04:15.280 All right.
00:04:15.560 Tom is?
00:04:16.140 Tom, you're so funny with Yankees club.
00:04:17.820 Oh, gotcha.
00:04:19.480 Go.
00:04:20.060 We'll show it later.
00:04:20.640 After the Cold War ended in 1991, I believe, right?
00:04:28.320 U.S. hegemony.
00:04:30.200 This is a term you've heard before.
00:04:31.600 Great word.
00:04:32.020 No, I've never heard it, but thank you.
00:04:33.480 When we're just, we're numero uno.
00:04:36.440 America first, literally, number one.
00:04:38.540 What's it, Def?
00:04:40.120 Leadership and dominance, especially by one country or social group over others.
00:04:44.120 That was the United States, bro.
00:04:45.500 But if you haven't looked at a GDP map of where U.S. is compared to China these days, it's neck and neck.
00:04:53.560 I think we're still winning.
00:04:55.060 I think we're, you know, after COVID, people are like, oh, we can't trust China all that much.
00:04:58.640 You're not with GDP?
00:04:59.700 You know me.
00:05:00.320 You know me.
00:05:01.040 You know she.
00:05:02.260 I like that.
00:05:03.000 I try.
00:05:03.820 So do you know what China's GDP was after the Cold War in 1990?
00:05:10.500 Do you know what that was?
00:05:11.920 Let me just give you a little context here.
00:05:13.300 Remember, in 1990, number one was United States, number two was Japan, number three was Germany, number four was Russia, number five was China.
00:05:27.320 Fast forward.
00:05:29.360 China is now neck and neck with the United States for number one.
00:05:34.140 So we're talking about global domination.
00:05:36.140 We're talking about being treated fairly.
00:05:40.400 What's my point?
00:05:41.120 United States has done so much for the world.
00:05:44.860 And what have we received in return?
00:05:47.440 I ask you.
00:05:48.760 Nothing.
00:05:49.480 So like China was a nothing rural agrarian country 30, 40 years ago.
00:05:57.220 And now they're an authoritarian dictatorship communist, number two GDP in the world.
00:06:02.420 So Japan, enemy, World War II. 0.73
00:06:06.340 Germany, enemy, World War II.
00:06:08.500 Italy, enemy, World War II.
00:06:10.860 They all benefit from the United States at this point.
00:06:13.580 So here's the analogy.
00:06:15.540 All these.
00:06:16.240 You still have another analogy?
00:06:17.600 You've been on this entire time.
00:06:18.760 I'm like.
00:06:18.940 I think it's a good point.
00:06:20.100 Let's hear your analogy.
00:06:21.120 I think, you know, all these countries were basically raised by the United States.
00:06:26.660 We were their daddy.
00:06:27.500 Remember when you asked Andrew Schultz to call you daddy?
00:06:29.400 Yes.
00:06:29.540 And you wouldn't do it. 0.58
00:06:30.580 All these countries have been calling the United States daddy for 50 freaking years.
00:06:36.280 At some point, though, you have to grow up. 0.59
00:06:38.240 And what happens?
00:06:38.860 Daddy says, you got to pay your own bills.
00:06:41.120 And they're like, well, what do you mean?
00:06:42.260 Like, you pay all our military.
00:06:44.660 You handle everything.
00:06:46.320 This is such a complicated topic with this because, you know.
00:06:50.720 They're basically freeloading off America. 0.72
00:06:52.880 And Trump is trying to change it.
00:06:54.280 That's what's going on.
00:06:55.360 But the part about.
00:06:56.880 You're right.
00:06:57.500 That Trump is trying to change it.
00:06:58.980 But a part of it is on us.
00:07:01.920 You know, a part of it is on the U.S. politicians.
00:07:04.180 A part of it is on Nixon.
00:07:05.900 A part of it is on Clinton.
00:07:08.160 A part of it is on what we did in 1971.
00:07:10.120 In 1971, it was called the ping pong something.
00:07:12.780 Can you pull up the 1971 ping pong China?
00:07:18.180 Type in ping pong China, U.S.
00:07:20.240 Ping pong, huh?
00:07:20.600 Yeah, it was called the ping pong diplomacy.
00:07:22.680 Go to the ping pong diplomacy.
00:07:24.920 In 1971, U.S.'s table tennis team visit to China known as the ping pong diplomacy
00:07:30.240 marked a significant step toward normalizing relations between the two countries
00:07:33.640 following decades of strained lives.
00:07:35.460 Do you know 1971, 72 was the first time a U.S. president visited China ever?
00:07:43.960 That was Nixon.
00:07:44.660 Do you know, Nixon?
00:07:45.440 Do you know 1971?
00:07:47.800 When was the previous time U.S. even spoke to China?
00:07:51.540 Do you know how long that break was?
00:07:53.120 For 25 years, we never spoke to China at all.
00:07:56.880 It was a communistic regime.
00:07:58.460 There was zero conversation.
00:08:00.340 Nixon becomes the first president to visit China.
00:08:02.400 China, he goes there, the ping pong diplomacy, then trade kind of opens up.
00:08:07.260 Then at that time, just so you know what the minimum wage was in China per hour,
00:08:10.840 at that time, minimum wage in China per hour for labor was like 8 to 20 cents per hour.
00:08:17.300 8 to 20 cents.
00:08:17.900 That was a good deal for China.
00:08:18.620 No, but that's a good deal for a lot of American workers, American business owners
00:08:22.560 that were like, dude, let's build this thing over there.
00:08:24.240 Forget 8 cents an hour?
00:08:25.560 Hell, we love China.
00:08:26.780 That's what started saying, right?
00:08:27.660 And then in 2001, when China was allowed to be in the World Trade Organization,
00:08:33.200 have you seen this clip when they let him in, Rob?
00:08:34.860 Can you find the clip?
00:08:36.640 2001, when China was allowed to be in the World Trade Organization,
00:08:41.040 and you see how they're celebrating.
00:08:44.560 He's sitting to the furthest to the left.
00:08:46.880 If there's a clip, guys can send it from the back if they have it.
00:08:50.920 But anyways, here's what happens.
00:08:52.040 Watch this.
00:08:52.520 Because in 19, in 2001, minimum wage in China is, in 2001, we're at $5.15 per hour.
00:09:03.800 In 2001 in China, it was like 20 cents to 50 cents per hour, depending on different regions.
00:09:09.320 Dude, so you're sitting there, you're just, they're sitting there, they're thinking,
00:09:12.920 I'm going to save 25 times to send the labor.
00:09:16.120 Do you know the moment they did this, 6 million jobs went to China?
00:09:19.220 Like this.
00:09:19.960 Of course.
00:09:20.360 6 million manufacturing jobs went to China.
00:09:22.180 So when you're looking at this part, we did this.
00:09:26.020 Yes.
00:09:26.360 China simply was the recipient of it. 0.96
00:09:27.920 They were the beneficiaries of it.
00:09:29.000 And our politicians negotiated this deal.
00:09:31.000 Yeah.
00:09:31.200 And also in 1971, what was the biggest significant thing that happened that year?
00:09:34.920 Nixon took us off the gold standard.
00:09:36.560 Yeah.
00:09:36.720 So all this happened is China has been elevated.
00:09:41.780 They've been carving out our manufacturing sector.
00:09:44.020 They've been taking all our jobs.
00:09:45.160 And what have we benefited? 1.00
00:09:46.880 All we have benefited is getting cheap shit. 0.99
00:09:49.380 See, but this is the other part. 1.00
00:09:50.580 That's all we get.
00:09:51.260 Yeah, but that's the other part as well.
00:09:53.080 So for example, let's just say, you know how the conversations that was being had right
00:09:58.620 now about Trump being a third term?
00:10:00.120 Yeah.
00:10:00.380 You know how they're having those conversations?
00:10:01.920 You know why some people support that?
00:10:04.240 Why do you think some people support the idea of Trump having a third term?
00:10:07.620 Why do you think some people support that?
00:10:10.120 Like me?
00:10:10.540 Like me as just like an American, like an average American citizen?
00:10:14.120 Okay.
00:10:14.140 So play this clip, Rob, and I'll give you my point here.
00:10:16.640 Go for it.
00:10:17.080 About a third term, about possibly wanting a third term.
00:10:21.900 Does that mean you're not planning to leave office on January 20th?
00:10:24.320 I'm not looking at that, but I'll tell you, I have had more people ask me to have a third
00:10:29.320 term, which is in a way it's a fourth term because the other election.
00:10:33.120 The 2020 election was totally arranged.
00:10:35.940 So it's actually sort of a fourth term in a certain way.
00:10:38.520 I just don't want the credit for the second, because Biden was so bad.
00:10:42.520 He did such a bad job.
00:10:44.000 Howard Lundin.
00:10:44.740 And I think that's one of the reasons that I'm popular, if you want to know the truth.
00:10:48.300 I think I'm popular because we've done a great job.
00:10:50.920 I think we've had the best almost 100 days of any president.
00:10:54.940 And most people are saying that.
00:10:58.140 And it's an honor.
00:10:59.160 We're bringing back our country.
00:11:00.540 We're respected as a country again.
00:11:02.780 And we're strongly respected.
00:11:05.180 And people are amazed.
00:11:06.380 I was with some very important people today, and they said that they've never seen a turnaround
00:11:11.840 of a country as fast as this.
00:11:14.080 Even look at our border.
00:11:15.760 We have nobody coming in.
00:11:18.540 And you can't come into our country, but you have to come in legally. 1.00
00:11:21.900 But we have nobody coming in to our country. 0.91
00:11:25.260 It's almost shut down.
00:11:26.660 They've never seen anything like this.
00:11:29.040 Okay.
00:11:29.740 So you see that, right?
00:11:32.540 You see that, right?
00:11:33.280 Okay.
00:11:34.180 So why did it want a third term?
00:11:36.060 Rob, did you play the clip of China celebrating World Trade Organization?
00:11:39.840 No, I haven't, though.
00:11:40.860 Play this clip because it's let the audience see this on how they're celebrating this.
00:11:45.080 When this happened, China knew how big it was.
00:11:47.620 And the rest of the world also knew because what was being celebrated on this day was slave
00:11:53.020 labor, cheap labor. 0.66
00:11:54.060 Go ahead, Rob.
00:11:55.360 Ministerial conference so agrees.
00:11:57.960 They know what that means.
00:12:04.520 You got one and a half billion people that are willing to work for 20 cents because they're
00:12:08.260 starving.
00:12:09.340 Like, Leslie Stahl should ask that question from the people at that time while she was
00:12:13.180 still around because she's 83 years old.
00:12:15.740 And, you know, so she's definitely been on.
00:12:17.120 She was doing interviews with many, many years ago.
00:12:20.320 So here's the technical part.
00:12:22.280 Here's the technical part.
00:12:23.980 Nixon may have negotiated that deal.
00:12:27.240 And Tom, I want to kind of hear you.
00:12:28.540 I want you to get a response to what I'm about to say here.
00:12:30.620 So break it down if there's any leaks in this argument.
00:12:33.880 In my opinion, so let's just say I broker a deal with somebody and I know who that person
00:12:40.040 is that I brokered the deal with.
00:12:42.200 I'm brokering the deal as if I'm still going to be running and negotiating this 10, 20 years
00:12:49.460 from now, meaning I can manage it because I brokered that deal.
00:12:53.980 The system that we have as a democracy, like the way we have it in the U.S. is you can broker
00:13:00.140 a deal today, but come 4, 8, 12, 16 years from now, another person can come and pull
00:13:09.260 everything out and everything you negotiate is completely gone.
00:13:12.520 So let's just say Trump's negotiating all these deals on tariffs, the reciprocal tariffs.
00:13:17.100 You don't think Russia, China, like literally election interference, you don't think they're
00:13:23.460 sitting around saying, get this mother out of here. 0.98
00:13:26.260 You don't think they're saying that?
00:13:27.380 They can't wait for this guy to be out, right?
00:13:29.380 So to me, this is why maybe a third term is becoming a conversation with some folks
00:13:35.500 because they trust that if Trump and his team keeps negotiating for eight years, it can be
00:13:42.260 enough time to be able to lock it in and make it a norm.
00:13:47.000 So for someone to come and destroy, it's going to take a little bit longer.
00:13:50.460 And then that pendulum keeps moving.
00:13:51.540 You're saying external forces, other countries.
00:13:53.860 But external forces using methods of bribery.
00:13:56.140 And bribery is something that's been, a lot of people are right now talking about bribery
00:13:59.340 and different, but bribery is, CIA is all bribery.
00:14:03.440 MI6 is bribery.
00:14:04.480 Mossad is bribery.
00:14:05.920 Epstein is bribery.
00:14:07.440 You know, what do you call it?
00:14:09.020 That's how that works.
00:14:10.200 Heidi Flies was bribery. 1.00
00:14:11.700 You know the girl Heidi Flies? 0.84
00:14:12.940 Yeah, she had the black book.
00:14:13.860 She had the black book. 0.99
00:14:14.660 All the people that were hiring prostitutes. 0.98
00:14:16.600 This concept of bribery, you know how easy it is to buy politicians? 0.82
00:14:20.500 I mean, if you watch, I'm watching, what do you call it?
00:14:22.820 The movie about Frank Costello.
00:14:24.500 The story of Frank Costello.
00:14:25.460 He's one of the four guys of the original mob.
00:14:27.040 Lucky Luciano, Frank Costello, Meyer Lansky, and Ben Siegel, right?
00:14:30.160 So this movie came out with De Niro.
00:14:32.040 So me and Tico go and watch it.
00:14:33.980 And the whole thing with him and Vito, Genevieve, everything is about bribery.
00:14:39.540 So these guys can't be bought right now.
00:14:41.840 They try to do the woman thing. 1.00
00:14:43.100 I'm not embarrassed.
00:14:44.420 You know, they try to do a Bezos thing with text with women. 1.00
00:14:46.840 They try to bribe him.
00:14:47.600 You know what he did?
00:14:48.100 Do you know the Bezos story with bribery in 2019?
00:14:49.720 You know the blackmail him?
00:14:50.780 Do you know the blackmail story?
00:14:52.160 Yeah, it was the American media out of Boca Raton.
00:14:55.920 That's right.
00:14:56.520 You know, and the guy that led it with the hysterically named David Pecker
00:15:00.800 was attacking Jeff Bezos saying,
00:15:04.020 I've got pictures you were sending back and forth to Lauren Sanchez.
00:15:07.300 And do you know what he does?
00:15:08.260 Good.
00:15:08.720 He says, show it. 0.99
00:15:09.640 I don't give a shit. 1.00
00:15:10.820 That's how you fight. 1.00
00:15:11.660 I'm going to marry her anyway.
00:15:13.340 Show it.
00:15:14.200 Go do it.
00:15:14.660 I don't care about it.
00:15:15.500 Go ahead.
00:15:15.960 Yeah, we did.
00:15:16.900 Go ahead.
00:15:17.420 Expose me.
00:15:18.480 Expose me.
00:15:19.180 So, but for most politicians, you know, it's a real.
00:15:24.120 So this China thing to me, it's a little bit. 0.96
00:15:25.940 Let me say one thing before Tom does.
00:15:27.380 The tariff thing.
00:15:27.960 Yes, specifically.
00:15:29.480 So, you know, you talked about external forces or other countries reversing deals,
00:15:33.600 but it also happens domestically.
00:15:35.280 Like you saw when Trump took office, we're signing this executive order, executive order.
00:15:40.840 We're getting out of the Paris climate accords.
00:15:42.860 We're getting out of the Iran nuclear deal.
00:15:44.680 Deal, deal, deal.
00:15:45.380 Gone, gone, gone, gone, gone, gone.
00:15:46.940 But do you know when, and then Biden did the same thing when he took over for Trump.
00:15:50.120 But do you know the one deal that Biden kept in effect, the one Trump policy that Biden kept
00:15:57.240 that no one really talks about?
00:15:59.300 All the policies to trade stuff with China.
00:16:02.800 Biden kept the heat on China.
00:16:04.800 I mean, I don't know if Biden was awake during it, but any of the Trump trade policies Biden kept.
00:16:11.060 Why is that?
00:16:11.600 So, what essentially is happening now is Trump is realigning and redefining and adjusting all
00:16:18.320 the deals that the United States did over the past 50, 75 years.
00:16:23.220 What's the one thing that they say in any financial prospectus, anytime you're going to get a new
00:16:30.180 asset allocation strategy?
00:16:32.740 What is the one thing they say?
00:16:34.360 Tom, you know this.
00:16:35.340 Past performance does not indicator of future results.
00:16:42.480 Or future performance.
00:16:44.240 So, just because it served the United States.
00:16:46.340 I knew that.
00:16:49.260 Just because this served the United States well maybe 50 years ago does not mean it's serving
00:16:53.920 us well today.
00:16:54.980 The world has changed so much.
00:16:57.060 China has caught up so much.
00:16:59.260 BRICS is now a thing now.
00:17:00.900 USA is falling behind.
00:17:01.880 I'm going to go to Tom.
00:17:02.560 It needs to be adjusted.
00:17:03.440 Go for it, Tom.
00:17:03.900 I think what's going on here is something very simple.
00:17:07.700 People are talking about the third term.
00:17:09.820 And by the way, I don't see any leaks in your argument, Pat.
00:17:11.900 And I'm going to provide some nuanced color from this angle.
00:17:16.020 People are talking about a third term for one reason.
00:17:19.860 It takes time to lock this kind of change in.
00:17:24.500 It takes a strong head coach to stay with a new program for a team.
00:17:30.480 It takes a strong leader to push salespeople with a new commission plan or new products.
00:17:36.800 It takes time.
00:17:38.320 And leaders that go, oh, everybody's upset 10 minutes after I made a change.
00:17:42.260 I'll go back.
00:17:43.280 That is not leadership.
00:17:44.420 That is not taking you to the future.
00:17:46.160 So they talk about the third term because it takes time.
00:17:49.580 You want to know?
00:17:50.760 Let me tell you.
00:17:52.160 Do you know Clinton?
00:17:53.840 I once read an article that said, welcome to Reagan's fourth term of economic policy.
00:18:00.540 Why?
00:18:01.060 Reagan, Reagan, Bush, Clinton.
00:18:03.080 Clinton didn't go into the control room and start twisting dials on the Reagan economy.
00:18:08.480 And people, you know why?
00:18:10.980 Because for eight years it was working.
00:18:13.480 And then Bush Sr. got kind of messed up because pro was in the election.
00:18:17.280 And he also raised taxes after he said, read my lips, no new taxes.
00:18:20.620 But Clinton went in and said, over the eight years, well, guess what?
00:18:24.340 This is working.
00:18:24.900 I know.
00:18:25.720 Because I was with early stage companies in Silicon Valley.
00:18:28.420 We were worried about a lot of things.
00:18:29.920 When Clinton claimed to power, he said, guess what?
00:18:32.120 There's nothing to worry about.
00:18:33.140 Yeah.
00:18:33.400 You know what?
00:18:33.740 He's not moving it.
00:18:34.620 So when people talk about the third term, they want – I'd like to see J.D. Vance for eight years.
00:18:39.680 Not because I'm a homer for the Republican Party, but because I believe what's happening here is necessary to establish stability and leadership for the United States for the next several years.
00:18:52.440 We've got to let it lock in.
00:18:54.760 So – and by the way, and if I could jump really quick to a fast point about the automakers, you know what?
00:19:01.220 Facts don't care about your –
00:19:02.500 Feelings.
00:19:02.900 Right.
00:19:03.220 Well, you know what also facts don't care about?
00:19:04.940 They don't care about your headlines sometimes.
00:19:06.840 And this is when, you know, they've got these headlines.
00:19:09.740 Trump warned U.S. automakers not to raise prices.
00:19:11.840 You know what he was saying to people?
00:19:13.260 He was saying, I don't care if major automakers raise their prices because they were going to buy American-made cars, such as the 70 percent of Mercedes total manufacturing that happens in Tuscaloosa, Alabama.
00:19:26.180 That is an American-made car.
00:19:28.020 And guess what?
00:19:29.060 BMW is at war with – what marquee do they line up number one with?
00:19:33.100 And they've been going at it for 70 years.
00:19:35.820 BMW.
00:19:36.680 If you take a look, they have – their model line, you can look at everything.
00:19:40.060 We do a case study on it.
00:19:41.020 But BMW is getting hit with tariffs and Mercedes not.
00:19:44.260 So Mercedes sits back and says, I'm an American-made car, and you're going to help me with my biggest competitor.
00:19:49.460 Who's quietly happy about it?
00:19:51.140 So what Trump was talking about is, listen, man, he said the American-made cars are going to win.
00:19:56.660 I don't care if you other people raise your prices.
00:20:00.020 But that's a genuine – like, that's the genuine fear.
00:20:02.580 I was thinking about it this morning when I was coming to work, and it's like everything that he's doing right now, everything from the border to immigration to these tariffs.
00:20:09.660 If somebody from the other side – like these slick Gavin Newsoms come in, Pat, you don't think they're going to try to reverse all of it?
00:20:16.240 Everything that this guy is building, everything that – they're going to reverse it.
00:20:20.060 You know that.
00:20:20.740 You know it, Tom.
00:20:21.980 So when they do mention the third term, I know what the left is going to say.
00:20:25.240 Oh, we told you he's a dictator, doesn't want to leave.
00:20:27.460 No, no, no. 0.98
00:20:28.140 If America is kicking butt, why are we going to go backwards?
00:20:31.680 Whoever's going to come in is literally going to reverse everything.
00:20:34.020 Here's a challenge.
00:20:34.160 Here's a challenge with that.
00:20:35.080 Rob, what do you have here with The View?
00:20:36.220 This is – I have some of the liberal reaction to the rumors.
00:20:39.900 The third term?
00:20:40.160 Yes.
00:20:40.740 Yeah, the concern about the third term is not whether it's going to be Trump.
00:20:45.420 The concern is – remember, the person that did fourth terms was FDR, and the people that put a stop to it were Republicans.
00:20:52.160 So the history of it is Republicans said no to third terms because of after what happened to FDR.
00:20:57.560 So for them to not come and do this, you're opening it up for the next person, and a Democrat comes in.
00:21:01.600 And so that's how – Rob, go out and play the clip.
00:21:03.400 He also became president right after the Great Depression during World War II.
00:21:05.740 And he died like a month into his fourth term, and they're like, all right, guys.
00:21:08.680 Go ahead, Rob.
00:21:09.420 And he had an aneurysm and died, and Truman became president.
00:21:12.340 Let's hear this. 1.00
00:21:12.820 How insane, stupid, harebrained, and lawless I think something he says might be. 1.00
00:21:21.980 I have learned the lesson of taking him seriously. 1.00
00:21:24.840 But what was interesting is this was a hot topic for all of us, and none of us picked it this morning because we're all on to him.
00:21:30.960 He is the distractor-in-chief, and so he doesn't want us to keep talking about Signalgate, which is a real threat to national security.
00:21:39.820 And every day more details are revealed that show us how incompetent and reckless his national security team is.
00:21:48.400 It's a whole very weird thing that's going on with Signal.
00:21:51.340 Yeah.
00:21:52.060 No, keep playing it, Rob.
00:21:53.020 Keep playing it. 1.00
00:21:53.460 He's tanking the stock market with his imbecilic tariffs. 1.00
00:21:59.160 What he's calling Liberation Day should be called Hypertension Day because it's going to give us all a heart attack. 0.99
00:22:05.920 He doesn't want us to talk about Andri, the 30-year-old gay hairdresser, Venezuelan, who without any due process, just because he had a tattoo that said mom with a crown and dad with a crown, was grabbed and disappeared to the hellhole in El Salvador.
00:22:22.640 He doesn't want us to be talking about any of those things?
00:22:26.020 You can pause it.
00:22:26.540 So the third term to me is, by the way, just think about it this way.
00:22:30.420 If you're a billionaire, okay, and you're running a big company that employs a lot of people, you want cheap labor, let's just say, right?
00:22:37.520 Yeah.
00:22:38.000 Who benefited the most under Biden of 2.2 million new non-citizens getting social securities?
00:22:44.620 Guess who?
00:22:45.380 Billionaires did.
00:22:47.480 Billionaire class did.
00:22:48.560 Why?
00:22:49.140 Cheap labor.
00:22:49.640 So Trump's lowering cheap labor, if you really think about what's going on, versus the Bidens are helping increase more cheap labor for you.
00:22:59.940 Do you understand what I'm saying?
00:23:00.740 Like the other guys are sitting there saying, well, these guys are coming and willing to work for nothing.
00:23:04.640 Well, a lot of Americans expect to get paid more.
00:23:07.240 Well, send us some more of these illegal immigrants over here, and let's give them social security so cheap labor can be available again. 1.00
00:23:11.780 Of course.
00:23:12.240 They're willing to do the work that Americans are not willing to do, that whole conversation.
00:23:15.480 Biden helped billionaires out way more than Trump is helping them out so far.
00:23:20.340 Billionaires have lost a lot of money since Trump's been president so far, just so you know that.
00:23:24.360 It's a lot of money billionaires have lost.
00:23:25.640 Trust me, I know.
00:23:30.020 And let me tell you, Gavin Newsom doesn't want to talk about the liberal agricultural multi, multi, multi hundred millionaires that are in California
00:23:40.240 that benefit from a migration of very cheap Mexican labor without a lot of safety precautions, out there with pesticides. 0.84
00:23:48.540 And the liberals in California know it's happened.
00:23:51.160 That is the weirdest thing.
00:23:53.120 But let's go to the next story.
00:23:54.160 Let's go to the next story.
00:23:54.960 Let's go to the next story.
00:23:55.660 I just want to understand if you're actually comfortable with a Trump third term.
00:24:00.000 I'm comfortable with it.
00:24:03.740 I'm not comfortable with the long term, what do you call it, standard that others will use as well.
00:24:10.420 That's my only thing.
00:24:11.120 So if the Republican, let's spin this.
00:24:13.040 Let's try to play the spin game.
00:24:14.000 Because I actually want to have this conversation.
00:24:15.700 Because we're just throwing around third term, third term as if it's like normal.
00:24:18.480 No, no.
00:24:18.960 But if you, the Republican side can say, well, you've had a guy with three or four terms.
00:24:23.340 Why can't we?
00:24:24.480 You had FTO with three or four terms.
00:24:25.980 And you're going to say, well, the fourth term, one month, he died.
00:24:27.500 But you've had him.
00:24:28.580 That's what they created, the 22nd Amendment. 0.99
00:24:30.420 I get that.
00:24:31.200 I get that.
00:24:31.920 But somebody can come out and say, like Steve Bannon says, we're working on ways to change this right now.
00:24:36.180 We're working.
00:24:36.640 He said it on Cuomo, right, on his podcast or News Nation.
00:24:39.360 I think this is it.
00:24:40.140 Rob, we play this with Ron Paul.
00:24:42.080 Go ahead and play this clip, Rob.
00:24:43.520 I'm a firm believer that President Trump will run and win again in 2028.
00:24:48.440 So I've already endorsed President Trump.
00:24:51.220 A man like this comes along once every century if we're lucky.
00:24:55.140 We've got him now.
00:24:56.120 He's on fire.
00:24:56.780 And I'm a huge supporter.
00:24:58.540 I want to see him again in 2028.
00:25:01.240 And obviously, anybody who doesn't like what you say but judges is at a function of a lack of intelligence doesn't know anything about you.
00:25:09.300 I don't make that mistake.
00:25:10.680 You're a smart guy.
00:25:12.060 You know he's term limited.
00:25:13.740 How do you think he gets another term?
00:25:16.260 We're working on it.
00:25:17.620 I think we'll have a couple of alternatives.
00:25:20.060 Let's say that.
00:25:21.540 We'll see.
00:25:22.180 Don't be mysterious.
00:25:22.800 We'll see what the definition of term living is.
00:25:27.080 Don't be mysterious.
00:25:28.500 Okay.
00:25:28.900 So I think people are talking about it.
00:25:31.260 If you were at the VOL conference, we had these backpacks.
00:25:34.180 And the backpacks went off like it was gone within minutes.
00:25:39.040 That for the rest of the three days, everybody was asking, where are the Valuetainment backpacks?
00:25:43.940 I want them.
00:25:44.640 This is genuine leather, red, limited edition, numbered on the side, out of 100.
00:25:51.120 Okay.
00:25:51.880 And then it's the Valuetainment logo on the front.
00:25:53.640 It says Valuetainment right here.
00:25:55.220 Even this, what do you call it?
00:25:56.760 Zipper.
00:25:56.960 Zipper.
00:25:58.260 You know, here it's got the Valuetainment logo on it.
00:26:01.300 Limited edition, red, Valuetainment, backpack, genuine leather.
00:26:05.540 These will go in no time.
00:26:06.480 There's only 100 of these.
00:26:07.860 You won't see these again.
00:26:09.320 Limited on the side.
00:26:10.280 It's got it numbered.
00:26:11.040 Whatever number you're going to be getting, two out of 100.
00:26:13.500 58 out of 100.
00:26:14.340 It'll be numbered.
00:26:15.120 And typically, when you see these, what ends up happening is some people buy them, and
00:26:20.100 they post them on eBay, and they sell it for three times.
00:26:22.700 And you see that with hats.
00:26:23.840 Some of the hats that we have, the Future Looks Bright hat, are on eBay.
00:26:26.860 Some guys are selling for $3,500, $3,000, $500.
00:26:30.720 And some of them are able to sell them.
00:26:32.400 But for you, if you're somebody that follows Valuetainment very closely, and you're proud
00:26:36.580 of the brand, and you want to sport it, go get these limited edition, one out of
00:26:40.180 a 100 red leather backpack on vtmerch.com.
00:26:45.540 These will go in no time.
00:26:47.920 Maybe a good gift for your husband.
00:26:50.520 Maybe a good gift for your son.
00:26:52.020 Maybe a good gift for somebody that would actually, maybe for your wife, somebody that
00:26:55.160 would sport this.
00:26:56.440 But go to vtmerch.com to place your order.
00:26:59.160 If you enjoyed this video, you want to watch more videos like this, click here.
00:27:01.860 And if you want to watch the entire podcast, click here.
00:27:04.640 Go to vtmerch.com.
00:27:12.280 Thank you.