4.9 • 3.8K Ratings
🗓️ 7 April 2025
⏱️ 15 minutes
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0:29.7 | Things are so dire with Donald Trump kicking off the dumbest recession in history in just 24-hour |
0:36.0 | period that even his own cabinet secretaries are having to admit |
0:40.3 | the obvious. The markets are crashing as a result of Donald Trump's already failed policy. |
0:48.3 | If this was a show on television, it would have been canceled already. If it was a Broadway show, it would have closed after opening |
0:55.0 | night. Thank you, Marco Rubio, Secretary of State who can barely balance his own checkbook. |
1:00.8 | Thank you for telling us that the markets are crashing and stating the obvious. |
1:06.5 | Now, let me point out another obvious thing that's happening, and I'll do a little Wall Street |
1:11.3 | breakdown about how people are rushing into the bond market and who among the Trump administration |
1:17.5 | would benefit from people rushing into the bond market. I'm Michael Popock. You're on the Midas Touch |
1:24.9 | Network. Let's get to it. This is going to be like a TED Talk on Wall Street meets a law school class meets Midas Touch. And I'm going to and I'm up for it. Let's first start with Marco Rubio. Little Marco. He's at, I was surprised he's actually there. He's at the NATO summit in Brussels. I thought NATO didn't exist. I thought that was |
1:44.8 | a figment of Donald Trump's imagination. I thought he wanted to get rid of it and chloroform it, |
1:48.9 | like everything else he doesn't like. But no, he sent little Marco Rubio to the NATO summit. |
1:54.2 | And while he was there, some of the reporters asked him about the impact of the non-reciprocal reciprocal tariffs. And again, |
2:03.5 | indicating that Donald Trump doesn't know what the word reciprocity means. Here's what Marco Rubio had to say |
2:08.4 | about that. Economies are not crashing. Their markets are reacting to a dramatic change in the global |
2:14.0 | order in terms of trade. And so what happens is pretty straightforward. |
2:20.5 | If you're a company and you make a bunch of your products in China and all of a sudden, shareholders or people that play the stock market |
... |
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