Trump puts U.S. at risk with increasing reliance on Musk

The Rachel Maddow Show

MSNBC

Madow, Washington, Rachel Maddow, Congress, Campaign, Policy, Election, President, Nbc, Public, News, Government, Maddow, Politics, Issues

4.5 • 34K Ratings

🗓️ 11 March 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rachel Maddow shows how the United States under Donald Trump is growing increasingly reliant on Elon Musk, and his Starlink program in particular. But Musk's words and deeds suggest he is not acting for the good of the United States.

Transcript

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0:00.0	Thanks to at home for joining us this hour. So this was the front page at Bloomberg News today. Banner headline,
0:05.7	Markets Rocked by Trump show economic fear across Wall Street. Right under that, next headline,
0:12.8	NASDAQ 100 sheds $1.1 trillion in value. Right under that, next headline, stocks fall most this year with recession
0:23.2	warnings blaring. Right under that, next headline, Tesla tumbles most since 2020. Next headline over,
0:32.2	billionaires at Trump's swearing in have since lost $209 billion.
0:38.6	Quote, the start of Trump's second term has delivered a stunning reversal for many of the billionaires
0:43.1	who were seated behind Trump in the Capitol Rotunda while he was being sworn in.
0:49.0	That was the front page at Bloomberg News today.
0:51.5	Banner headline at NBC News this afternoon, quote,
0:56.3	markets suffer brutal selloffs as recession fears grow. This is the banner at USA Today.
1:04.3	Quote, stocks plunge amid recession fears. Here was CNBC. Dow tumbles nearly 900 points. Nasdaq suffers worst day since
1:13.5	2022 as recession fears erupt. Tesla shares plunge 15%. That's in a day. Suffering steepest drop in
1:24.0	five years. Musk says he is running his businesses, quote, with great difficulty as
1:29.5	shares tank. And it just keeps going. I mean, you know, how specific do you want to get?
1:36.4	Tariffs are lose-lose for U.S. jobs and industry, economist says. BlackRock executive says
1:42.4	Trump deportations will have severe impact on agriculture and
1:45.8	construction. FinTech, meaning financial technology stocks, plummet as Wall Street worries about
1:52.5	consumer spending. Even this one, industry specific, another industry specific one, Delta Airlines
1:59.1	slashes earnings outlook citing weaker U.S.
2:02.6	demand. Why is Delta citing weaker U.S. demand for air travel? It's because, quote,
2:09.5	demand for air travel, demand in the domestic market for air travel slumped in February after
2:15.5	after a series of aviation industry accidents, winter storms, and
	...

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