4.4 • 7.3K Ratings
🗓️ 7 April 2025
⏱️ 125 minutes
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0:00.0 | Right now, the market is extremely volatile. |
0:04.2 | It started off with a drop of around 800 points. |
0:07.6 | I believe that one was in the, was that NASDAQ, but a general few percentage points across |
0:12.9 | the board. |
0:13.2 | It's over the weekend, we had seen the Asian markets take a substantial hit. |
0:17.8 | Now, this, of course, has to do with Trump's tariffs. |
0:19.8 | And there was a rumor going |
0:20.9 | around that Trump would pause tariffs for 90 days, resulting in a massive spike in the market, |
0:28.2 | skyrocketing upwards several points. Everybody on the right started cheering, saying, aha, we did it. |
0:33.5 | It's working. And then the rumor was cleared up by Donald Trump to statements from the left |
0:38.5 | saying, literally, the thing that caused the market to jump 10 points, the White House wants |
0:43.8 | you to know, they did not do. And then the market reversed course. Right now, it's sitting |
0:47.9 | around minus 1%ish on average, which is bad, considering it's already down like 6,000 points or that's like |
0:56.9 | what, like 11% or so. So actually, what is that? 15, almost 20. It's a big deal. It's a big deal for a lot of |
1:04.1 | people, but it's not a big deal for Gen Z, admittedly. Gen Z who don't own homes and don't really |
1:09.9 | hold stocks. It's not a big deal for the |
1:12.4 | younger generation, which makes this whole conflict very interesting. The most affected are going |
1:19.6 | to be retirees and the ultra wealthy, which of course is bad for retirees, but Donald Trump is |
1:25.4 | not backing down, threatening new 50% tariffs on China if |
1:31.5 | Beijing doesn't remove retaliatory duties. |
1:35.4 | Everybody thinks they know what's going on. |
1:37.7 | Everybody thinks they know. |
... |
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