Speaker 1: It's Nightside with Dan Ray.
Speaker 2: I'm telling you easy Boston's Radio.
Speaker 3: Willa was an ugly day on Wall Street today. It
Speaker 3: just was an ugly day. There's just no way to
Speaker 3: look at it. The stock market has been up and
Speaker 3: down for the last I don't know, at least the
Speaker 3: last three or four weeks, has had some big days,
Speaker 3: but generally those are recovery days, and then the next
Speaker 3: day it gets worse. Today was the worst on the
Speaker 3: dal Jones was down two point zero eight percent, let's
Speaker 3: just call it two percent, the NASDAC down and even
Speaker 3: four percent. That's what they call the tech heavy at
Speaker 3: S and P five hundred down two point seven percent.
Speaker 3: So I don't know how far we have to go
Speaker 3: back to find a worst day at the stock market.
Speaker 3: But the irony is that whatever was going to happen
Speaker 3: today probably became worse because of a couple of questions
Speaker 3: that the President dealt with yesterday. He was on one
Speaker 3: of the Sunday morning talk shows and he was asked
Speaker 3: about the possibility of a recession, and you could see again,
Speaker 3: I don't know who prepped him for the well, it
Speaker 3: certainly should have anticipated that. So let me play the
Speaker 3: SoundBite which probably was heard around at least Wall Street.
Speaker 3: Cut number twenty. Rob, let's go to that.
Speaker 4: Got the Atlanta Federal Reserve, say we're going to have
Speaker 4: a contraction in the first quarter. Look, I know that
Speaker 4: you inherited a mess and.
Speaker 3: I've only been here too far.
Speaker 4: Are you expecting a reception this year?
Speaker 5: I hate to predict things like that. There is a
Speaker 5: period of transition because what we're doing is very big.
Speaker 5: We're bringing wealth back to America. That's a big thing,
Speaker 5: and there are always periods of it takes a little time.
Speaker 5: It takes a little time, but I think it should
Speaker 5: be great for us. I mean I think it should
Speaker 5: be great.
Speaker 3: Well, it wasn't great today, mister President, that's for sure.
Speaker 3: Also again, I just think the normally Trump is much
Speaker 3: more adept at answering questions. This is one other SoundBite
Speaker 3: from that interview. This is a cut number twenty one. Again,
Speaker 3: I think that these are the two answers that shook
Speaker 3: an already shaky stock market, and it may continue tomorrow.
Speaker 3: Cut twenty one.
Speaker 4: Please, Rob, before you came into the Oval office the
Speaker 4: first time, you were a very successful businessman, very successful
Speaker 4: real estate executive, and a lot of people said, oh,
Speaker 4: this is the business president.
Speaker 3: This is it.
Speaker 4: He's watching the stock market. He knows all about you know,
Speaker 4: he doesn't want the.
Speaker 3: Market to go down.
Speaker 4: And now we've got tariffs and the market has been going.
Speaker 6: Down, well not much.
Speaker 3: I mean, in all fair you.
Speaker 4: Said, look, we're going to have a disruption, but we're
Speaker 4: okay with that. Is that what you meant the stock
Speaker 4: market going down as the disruption? What are the disruptions
Speaker 4: were you alluding to?
Speaker 3: Look, what I have to.
Speaker 5: Do is build a strong country. You can't really watch
Speaker 5: the stock market. If you look at China, they have
Speaker 5: one hundred year perspective. We have a quarter who we
Speaker 5: go by quarters. That's true, and you can't go by that.
Speaker 5: You have to do what's right. What we're doing is
Speaker 5: we're building a tremendous foundation for the future.
Speaker 3: Tremendous foundation. Well, there were a lot of people who
Speaker 3: were watching the stock market today, I'm sure, and I
Speaker 3: suspect there were a lot of people who bailed out today.
Speaker 3: I'm not giving any any stock advice.
Speaker 6: But.
Speaker 3: If you're in there for the long term, hopefully it
Speaker 3: will turn around. But when he said it, well, it
Speaker 3: hasn't been much two percent in one day on the Dow,
Speaker 3: four percent in one day on Nasdaq, almost three percent
Speaker 3: on the S and P. I mean, we haven't seen
Speaker 3: a day like this in a long time, and I
Speaker 3: think that I don't. I mean, the futures tomorrow are
Speaker 3: not looking at some sort of robust rebound, that's for sure.
Speaker 3: The rebounds have gotten weaker every time the market has tanked.
Speaker 3: So the question is this is the administration going too
Speaker 3: fast and too furiously to harken back to an administration
Speaker 3: of a few a couple of terms ago, They're cutting
Speaker 3: everything they can find. I think that the President has
Speaker 3: recognized that and has slowed down a little bit on that.
Speaker 3: In terms of the tariffs, Canada now has a new
Speaker 3: leader of the Liberal Party, and by virtue of that,
Speaker 3: at least for a short term, a prime minister until
Speaker 3: an election is held. But the tariffs, we're fighting with Mexico,
Speaker 3: fighting with Canada, fighting with China. Doesn't sound to me
Speaker 3: as if Canada, Mexico or China are scared or intimidated.
Speaker 3: I wish I knew more about tariffs. I think that
Speaker 3: they have traditionally been used by folks on the other
Speaker 3: side of the isle, presidents on the other side of
Speaker 3: the isle, but he slapped him on. He's threatened more.
Speaker 3: He got the tariffs. China the other day said that
Speaker 3: they were ready for a war with the US, any
Speaker 3: type of war. That chilled the market one day last
Speaker 3: week as well. So I just would love to just
Speaker 3: chat about this. Are you concerned or are you not concerned?
Speaker 3: This has had where we are yet, We're ten days
Speaker 3: away from the two month mark, and I think that
Speaker 3: there's been a lot of action and a lot of activity,
Speaker 3: a lot of bluster. I haven't seen much results as yet,
Speaker 3: but maybe some of you have. So here are the
Speaker 3: numbers six one, seven, two, five, four ten thirty six
Speaker 3: one seven, nine, three, one, ten thirty. I thought that
Speaker 3: his speech to the Joint Session of Congress the other
Speaker 3: night was pretty effective, and I thought the Democrats looked
Speaker 3: pretty inept and impotent sitting there with their signs. I
Speaker 3: wasn't sure if they thought they were at an auction
Speaker 3: or not holding up their signs. But the last few
Speaker 3: days have been tough for the stock market by extension,
Speaker 3: tough for the country, and certainly tough for this administration.
Speaker 3: And I think that he probably couldn't say, yeah, we'll
Speaker 3: headed for a recession, whether he thoughts it or not.
Speaker 3: But I think we took a big step taught a
Speaker 3: reception following his somewhat evasive answer, love to get your
Speaker 3: reaction to it. Six one, seven, two, five, four ten
Speaker 3: thirty six one seven, nine three one ten thirty. Believe me,
Speaker 3: the stock market effects everyone. It's just not the we're
Speaker 3: wealthy that are in the stock market. If you are
Speaker 3: a union member, uh and you'r uh your four one
Speaker 3: k is in the stock market, or any sort of
Speaker 3: investment that you might have, Uh, it's affecting everyone. We'll
Speaker 3: be back on nightside. Let's get the phone calls going.
Speaker 3: Six months, seven two thirty, six, seven, nine, three, one
Speaker 3: ten thirty. I think we'll have a little group psychology
Speaker 3: for the next couple of hours and let's see where
Speaker 3: it leads us. Back on nightside right after this. Now
Speaker 3: back to Dan ray Line from the Window World Nightside
Speaker 3: Studios on WBZ News Radio. Go to the phone. See
Speaker 3: what my listeners think about the stock market today. It's
Speaker 3: been a rump, bumpy ride down and it was a
Speaker 3: big drop today. Let's go to Tom in West Virginia. Tom,
Speaker 3: I'm sure you get some investments in the market what
Speaker 3: do you think?
Speaker 7: Yeah, my Ira, I have an IRA. It's down seven percent.
Speaker 7: Am I going to sit there and cry spill milk over? No?
Speaker 7: And it was a couple of years ago where it
Speaker 7: lost almost eighteen percent. However, whatever happened during the Biden administration,
Speaker 7: things got better. So I'm not going to sit there
Speaker 7: and like, oh my god, I gotta.
Speaker 8: Act that money.
Speaker 3: No, no, no, no, but look, the worst day to
Speaker 3: sell is a day after a day like today.
Speaker 7: However, yeah, right, and you know what I'm going on here.
Speaker 3: There's a lot of stuff going on here. Okay, So tariffs,
Speaker 3: you got the car, you got all of that, go.
Speaker 7: Ahead, okay, So all right, So here's the point. Canada
Speaker 7: they pay one point three percent of their gross somatic GDP,
Speaker 7: and they're a member of NATO. For their defense, they're
Speaker 7: supposed to pay two percent. They have all kinds of
Speaker 7: tariffs on our goods. And what Trump is doing with tariffs?
Speaker 7: Listen up very closely, union members. Okay, union members. Remember
Speaker 7: when the af of l CIO said back in the nineties,
Speaker 7: fair trade not free trade. Hello, union members.
Speaker 3: Hello, Tom, we got it.
Speaker 8: No, no, all right, do be your.
Speaker 3: Favorite Tom, all right, don't try to like take the
Speaker 3: microphone away and make a speech, make a conversation.
Speaker 7: That's no, okay, all right, all right, But but anyway,
Speaker 7: the point being is what he's doing with the tariff,
Speaker 7: they are a negotiating tool. These tariffs are not forever.
Speaker 7: And what he is doing is he's basically browbeating Canada
Speaker 7: and Mexico. That know, you open your markets to us
Speaker 7: for goods that we can sell into your country, and
Speaker 7: the goods that you make you can sell into our
Speaker 7: country where they are totally tear a free. That is
Speaker 7: not a bad thing.
Speaker 3: And but Tom, Tom, let's have a conversation. Let's have
Speaker 3: a conversation.
Speaker 7: I'm having Go ahead, Hell, you know you're.
Speaker 3: Making a speech. You make I feel like I'm in
Speaker 3: a campaign rally.
Speaker 7: Let's make it.
Speaker 3: Let's have a conversation. The other day, the president of Mexico,
Speaker 3: I noticed, returned about twenty cartel members who they had
Speaker 3: in custody. Now I think the president was asked after
Speaker 3: that did he have a response, And I think that
Speaker 3: he should have taken advantage of that and said, okay,
Speaker 3: that's a sign of good faith. Let's let's get let's
Speaker 3: get a conversation going. And I think that if he
Speaker 3: wants to play hardball with some of these countries, I
Speaker 3: think that's, you know, fine, but you also have got
Speaker 3: to recognize when one of them says, hey, we'll do
Speaker 3: this or we'll do that. And I just think that sometimes,
Speaker 3: you know, half a loaf is better than none. So
Speaker 3: again I agree, will hopefully move us towards towards a
Speaker 3: faaroh marketplace. Okay, but this and what what?
Speaker 7: Okay? So what you're telling me is the Mexican president
Speaker 7: was a pragmatist that gave up twenty cartel members. I
Speaker 7: don't know how many cartel members are there, Okay? And
Speaker 7: do I support okay, do I support this current president
Speaker 7: saying the Mexican drug cartels are terrorist organization? I fully
Speaker 7: support that. I agree, and it is okay. So if
Speaker 7: I look back on my history as a union member,
Speaker 7: as a member of the ib E W that totally
Speaker 7: opposed NAFTA, what did Barack Obama say as a presidential
Speaker 7: candidate in two thousand and eight to a crowd at
Speaker 7: the a f of L c IO convention that summer,
Speaker 7: he said, the first thing I will do as president
Speaker 7: is reno renegotiate the NATA trade agreement. NAFTA destroyed manufacturing
Speaker 7: unions in this country.
Speaker 3: Might have no question about that. And Bill Clinton, thank you,
Speaker 3: and Newt Gingridge pardon me for interrupting, But Bill Clinton
Speaker 3: and new Gingrish, both Democrats and Republicans, were on board
Speaker 3: with that. If George Bush had been president, the Democrats
Speaker 3: would have risen up and stopped NAFTA. They didn't because
Speaker 3: they was a Democratic president and it was a disaster.
Speaker 7: Yes, And in need I remind you that people like
Speaker 7: John Curry said that if we have most favored trading
Speaker 7: with China, they will become more of a democracy, less
Speaker 7: likely to build up the military.
Speaker 3: Okay, all of that is true. That all of that
Speaker 3: is true.
Speaker 6: Okay, look, maybe maybe.
Speaker 3: Six weeks from now the market will have recovered everything, uh,
Speaker 3: and that that everyone has agreed on fair trade. And
Speaker 3: at that point, when that happened six weeks from now,
Speaker 3: I want you to call me back and say, Dan,
Speaker 3: I told you so. But I think right now, seeing
Speaker 3: the reaction of the market today, we are gonna have
Speaker 3: I think we're in for some chopping waters. That's all.
Speaker 3: I'm glad to get your perspective, but I got to get.
Speaker 7: The book, all right, But what one real quick point. Okay,
Speaker 7: we were told to accept mandates of electric cars. It
Speaker 7: didn't work, and we were laying a guilt trip on that. Okay,
Speaker 7: so now I'm going to lay a guilt trip on
Speaker 7: all the people. Have faith in Trump. I think he
Speaker 7: has the nation's interest at heart. Thank you to see
Speaker 7: what that.
Speaker 3: Thanks Tom, appreciate it. Let me go next to Bill
Speaker 3: and Danvers. Bill, you were next on nights. I get
Speaker 3: you here before the break at the bottom of the hour.
Speaker 9: Go ahead, Bill, Ye yeah, I'm not.
Speaker 6: Particularly ready to jump off any buildings or bridges. I mean,
Speaker 6: I turned fifty this week or this past week, and
Speaker 6: I probably got a while to go. I don't particularly
Speaker 6: pay attention. And the way I look at it, if
Speaker 6: it goes down another even ten percent, I can grab
Speaker 6: more and on the upswing whenever that is, I'll be
Speaker 6: better off, you know, dollar cost averaging.
Speaker 3: So whatever the fund's doing, and absolutely.
Speaker 6: And and you know it takes twelve to eighteen months
Speaker 6: to really move to your car. I think Wall Street
Speaker 6: maybe it's a little over. Maybe they're following the press
Speaker 6: and the hype, because I mean, the mother's milk of
Speaker 6: stocks is corporate profits. And if you look at the
Speaker 6: last few quarters, most of corporate America looks pretty healthy.
Speaker 6: Now they go a quarter or two and despites into
Speaker 6: their profit margins, then I can see a reason for correction,
Speaker 6: because again, you.
Speaker 8: Know, the margins on is good.
Speaker 6: You know, so I'll wait and see twelve day months.
Speaker 3: You know what would what I see happening. What I
Speaker 3: see happening, Bill is this morning, I'm reading my Boss
Speaker 3: and Globe and there's a story about some brewery in
Speaker 3: northern Maine that has just had the rug pulled out
Speaker 3: from underneath them, uh as a result of the tariffs.
Speaker 3: They were they were going to open up exporting their
Speaker 3: their beer uh to to Canada, and the rug was
Speaker 3: pulled out from underneath them. Bad timing, I get it,
Speaker 3: And it's a tough time for craft beer companies. But
Speaker 3: you know that the Globe and the Times, and maybe
Speaker 3: not so much the Washington Post anymore, but the Globe
Speaker 3: and the Times are going to find every every industry
Speaker 3: which has been is going to be hurt by the tariffs,
Speaker 3: and they're going to focus on them. And I just
Speaker 3: think that the question is is the Trump administration trying
Speaker 3: to do too many things too fast, too quickly and
Speaker 3: to a larger extent, are they biting off more that
Speaker 3: they can shoot?
Speaker 6: Well, we'll find out. I mean I'm not. I mean,
Speaker 6: you know, he is doing what he said he was
Speaker 6: going to do. And I think momentum is almost you know,
Speaker 6: everything to do with degree you pull back. I mean,
Speaker 6: the guys that do the articles aren't going to give
Speaker 6: any more leeway, you know, if you know, if you
Speaker 6: if you hesitated and you pulled back for a little bit,
Speaker 6: the New York Times and the Globe's still going to
Speaker 6: write stories. I mean, you know, and in the legacy
Speaker 6: papist you know.
Speaker 3: So yeah, no noticed. And I think I think you're
Speaker 3: right on that. All I'm just saying is that I
Speaker 3: think he pulled the leash in a little bit on
Speaker 3: Elon Musk and basically said we're going to start to
Speaker 3: use more of a scalpel than a sledgehammer. But I
Speaker 3: just thought he mishandled that question yesterday when I heard,
Speaker 3: I was actually watching that, and when he said it,
Speaker 3: I thought to myself, well, I really don't like to
Speaker 3: comment on things like that. Well you may not like
Speaker 3: to comment. And it had just been asked by a
Speaker 3: friendly reporter, a question which I think is a software question,
Speaker 3: and he whiffed on it.
Speaker 6: But you know, the thing I'm nervous about a little
Speaker 6: bit is, you know, you look at the job numbers
Speaker 6: in the last two years. Now I don't, and you
Speaker 6: pay attention, Dan, I'm sure you caught this. The job
Speaker 6: numbers come out and they say, well, two hundred thousand jobs.
Speaker 8: Are created this month.
Speaker 6: But then if you look at the months before that,
Speaker 6: almost every time they were revised down. Yes, so yep,
Speaker 6: you know.
Speaker 3: It wasn't I think it was. I think it was
Speaker 3: one fifty this month, so it wasn't.
Speaker 6: Even Yeah, we got yeah, but I just threw that
Speaker 6: out there.
Speaker 8: I knew this, but was I just rought it?
Speaker 3: You're absolutely right. Yeah. And now again a lot of
Speaker 3: that was happening while Biden was president, so maybe, uh,
Speaker 3: you know, maybe the fix was in. I don't know.
Speaker 6: Yeah, so I think that stuff has to be cleaned up.
Speaker 6: But by doing that and and straightening some of that out,
Speaker 6: we're gonna, you know, you're gonna you're gonna see it.
Speaker 6: It's like in the restaurant business, you know, and you
Speaker 6: uncover things that are dirty in the operation, you know,
Speaker 6: to get it back up and streamline things. It's uh,
Speaker 6: you know when new management comes in.
Speaker 2: You know?
Speaker 3: All right, Bill, I got you in before the ten
Speaker 3: thirty news. I appreciate you taking time. Thanks my fight.
Speaker 3: Talk to you so good night. Six one seven two
Speaker 3: five four ten thirty. That's the only line that is
Speaker 3: available if you're dialing right now and get you in there.
Speaker 3: The other lines will full up. So I will tell
Speaker 3: you six one seven two five four ten thirty. Did
Speaker 3: the stock market rattle you today? If it didn't, you
Speaker 3: weren't paying attention. And what does it really mean in
Speaker 3: the long run? Is this just a bump in the
Speaker 3: road or a ditch on the side of the road
Speaker 3: and the economy will be back tomorrow. Well I don't
Speaker 3: think so. But at what point is the president He
Speaker 3: may be thinking about the stock market tonight, but he's
Speaker 3: going to start to think about polls because this is
Speaker 3: not a president with a mandate. He's a president who
Speaker 3: won seventy seven to seventy five million million votes. So
Speaker 3: he won by a couple million votes, but it's not
Speaker 3: a mandate in the classic sense of the term. Back
Speaker 3: on Nightside, if you want to disagree, feel free bring
Speaker 3: it on. The ladies have been pretty quiet tonight, so
Speaker 3: I invite them just so they can understand that they
Speaker 3: have more than welcome to joining as well. They might
Speaker 3: be a little close. The good news last week was
Speaker 3: the gas prices had dropped a little bit, which was
Speaker 3: a pleasant surprise to me. On Sunday, there was no
Speaker 3: emphasis on that we'll be back on nightside after this
Speaker 3: news break at the bottom of the hour, You're on
Speaker 3: Nightside with Dan Ray on WBZ Boston's news radio. Just
Speaker 3: to put this in a little bit of perspective, when
Speaker 3: the president was elected on November fifth, twenty twenty four,
Speaker 3: the market was about forty two thousand, one hundred and thirteen.
Speaker 3: It's now just about forty two one hundred and thirteen,
Speaker 3: so whatever gains. And by the way, the market did
Speaker 3: top out, let me see if I can find out
Speaker 3: what date it was. It topped out on February fifth,
Speaker 3: the market was up to forty five thousand, so it's
Speaker 3: lost almost three thousand points. And well, it's virtually lost
Speaker 3: three thousand points off of the off of the high,
Speaker 3: which was just a month ago, a little over a
Speaker 3: month ago. So this is not going to cost him
Speaker 3: in the polls. Among those who don't like Donald Trump.
Speaker 3: It will cost him in the polls. Amongst those who
Speaker 3: voted for him but weren't necessarily all on board, they
Speaker 3: liked him as the alternate, and that's where the political
Speaker 3: capital tends to slip away, and for any president, that
Speaker 3: is a problem. Paul in Pennsylvania, Paul, you're next on nights.
Speaker 3: I appreciate you. You're taking the time. Go ahead, Paul, Yeah.
Speaker 8: Down, he's trying to wish you an earlier save Patris Stay.
Speaker 3: Hey. Thanks very much, Paul, if you celebrate right back
Speaker 3: at you, and what I wanted.
Speaker 8: To say it was you brought up a really good
Speaker 8: point about the people that voted for Trump. But Trump
Speaker 8: is like the first presidents Glover Cleveland, to win, lose,
Speaker 8: then win again. So I don't know if he I
Speaker 8: know he's trying to do it's best in the country.
Speaker 8: I know he's not necessarily were worried about the Republican
Speaker 8: Party and what happens in twenty twenty eight. Maybe he is.
Speaker 8: I don't know, but he's got to be worried.
Speaker 3: Well, what he's got to worry about is what happens
Speaker 3: in twenty twenty six, which is now about twenty months away.
Speaker 3: I mean the midterm elections. He's got to worry about
Speaker 3: a razor thin margin in the House, and he's got
Speaker 3: a fifty three forty seven advantage in the Senate. If
Speaker 3: he loses one or both of those majorities, the last
Speaker 3: two years of his presidency won't be a lot of fun.
Speaker 3: I mean, yes, I'll be then, Yeah, of course you will.
Speaker 3: And at that point you can forget. I mean, that
Speaker 3: sets the stage for the Democrats to take over in
Speaker 3: twenty twenty eight. I mean, the Democrats right now seem
Speaker 3: to be lost, but in the last week or so
Speaker 3: things have been very good for the Democrats, and he's
Speaker 3: spending political capital here and now. Maybe this will pay
Speaker 3: off in April and May or June and July. But
Speaker 3: I'm telling you, I think I don't think the end
Speaker 3: of the rough ride is over here. I'm not predicting
Speaker 3: what the market's going to do tomorrow. I would be
Speaker 3: a fool to do that. I'm not pulling the money
Speaker 3: that I have in the stock market. I'm not pulling.
Speaker 3: I tend to to hold. But that's not my advice.
Speaker 3: You people got to do what they gotta do.
Speaker 8: But at some point, yeah, go ahead, that's like the
Speaker 8: James Carvel just said a few weeks ago. He said
Speaker 8: that the Democrats were pretty much dead in the water.
Speaker 8: And then U they you know, with this dose thing
Speaker 8: or whatever you call it, prompts really yeah, all they
Speaker 8: have to do is play possible. He's pretty much hurt
Speaker 8: himself and like out of your collars before me, he said,
Speaker 8: we'll just have to wait. There's no way for us
Speaker 8: to really find out.
Speaker 3: Well, no, I mean, you know, I mean if all
Speaker 3: of a sudden, the same way with the Zolensky thing,
Speaker 3: I mean, they seem to be making some progress on
Speaker 3: the Dolensky uh kerfuffle at the White House. A we
Speaker 3: could go Friday where it all you know, fell apart.
Speaker 3: Maybe with Zolensky's letter last week and this meeting coming
Speaker 3: up in Saudi Arabia, maybe he pulls that rabbit out
Speaker 3: of the hat and Zelensky agrees to a cease fire.
Speaker 3: Putin agrees to a cease fire, and he it's you know,
Speaker 3: a little bit of a bump there. But I'm telling you,
Speaker 3: it's been an ugly couple of weeks for President Trump
Speaker 3: during a period of time when he should be enjoying
Speaker 3: you know that, so called Honeymoon for his case in
Speaker 3: the second Honeymoon.
Speaker 8: Well, he's you know, we used to have to put
Speaker 8: some faith in him. But like you said it a
Speaker 8: few months if things don't go his way, I don't
Speaker 8: know always gonna you know this one, but but yeah,
Speaker 8: you might have asked you a real quick question off topic,
Speaker 8: what Saint Potter's Day coming up? With Saint Potter's date
Speaker 8: coming up? I told someone that I know, I thought
Speaker 8: in my opinion, I know, supposedly near city is the
Speaker 8: biggest one. But when you say per cap as far
Speaker 8: as having per capital irishman, that Boston's the biggest one.
Speaker 3: I don't know that for sure. I can tell you this,
Speaker 3: but I was talking with the former governor of Hampshire recently,
Speaker 3: Chris Sinunu, New Hampshire, of all the states, has the
Speaker 3: highest per capita residents who are of Irish heritage than
Speaker 3: any state in the Union, including Massachusetts.
Speaker 2: Warner.
Speaker 8: If they'll let a lot of them left Boston, Oh.
Speaker 3: Yeah, I think that's I think that they brought their
Speaker 3: heritage with it, that's for sure. Uh. Paul, great to
Speaker 3: hear your voice, Thanks very much for calling. Thank you
Speaker 3: so much.
Speaker 8: Thanks, thank you very much you soon.
Speaker 3: Bye bye. Let me go from Paul in New Hampshire
Speaker 3: to Paul in Dorchester a little closer to home. Paul
Speaker 3: in Dorchester. Next on Nightside, Paul.
Speaker 2: Hey Dan, let me make the statement that the Stark
Speaker 2: market is driven by greed and fear. It's really not
Speaker 2: based on reason or common sense. And to carry away
Speaker 2: or drive any further analysis, I think is ludicrous. It's
Speaker 2: you say the wrong thing and you can change the
Speaker 2: Stark market. Look what happens every time the Treasury Secretary
Speaker 2: was changing rates and things started flying.
Speaker 3: It's like, that's that's not the Secretary treasure that's the
Speaker 3: Secretary of the Treasury. That's the Chairman of the Fed.
Speaker 3: But I understand the point you're making. But it's exactly
Speaker 3: the point I made. Was that an inadequate answer by
Speaker 3: the President yesterday to what seemed to me to be
Speaker 3: a fairly softball question from a friendly interviewer. I think
Speaker 3: is driving what happened today on Wall Street. That's all.
Speaker 3: And I think that that there's other things that are
Speaker 3: factors here. I think people are scared of the tariffs,
Speaker 3: which is understandable that his goal is to bring American
Speaker 3: manufacturing back to the country back to the USA.
Speaker 2: The add of the deal, I believe, is what's going on.
Speaker 2: We're witnessing the art of the deal from Trump's book
Speaker 2: in nineteen eighty seven.
Speaker 6: I have seen that.
Speaker 3: And if you're it sounds to me like you're confident
Speaker 3: in his ability to make the deal. They think. The
Speaker 3: question is, he's got a lot of balls in the
Speaker 3: air right now. He's got the Zelinsky Ukraine one situation. Right,
Speaker 3: He's got the tariffs with not only Mexico and Canada
Speaker 3: but also China. And you got the Democrats. Well, the
Speaker 3: Democrats are going to be the Democrats. Look when he
Speaker 3: gave the address to Congress, the Joint Session of Congress
Speaker 3: last Tuesday night, the Democrats literally looked impotent. I mean
Speaker 3: they were sitting there. It looked to me like they
Speaker 3: might have been at a charity auction. You know, we're
Speaker 3: holding up their paddles. They've done little. The only Democrat
Speaker 3: who made any headlines was the guy that got arrested,
Speaker 3: and because it were not arrested, the guy who who
Speaker 3: was thrown out of the House and was censured by
Speaker 3: the House the next day, in which ten Democrats actually
Speaker 3: joined all the Republicans, but it just.
Speaker 2: To he ripped up his statement.
Speaker 8: Nobody.
Speaker 2: There was no Pelosi ripping up the constitution behind.
Speaker 3: Him, right, no doubt. And look, this guy is in
Speaker 3: the rump, rough and tumble. He gives as good as
Speaker 3: he gets. I get that, I too late.
Speaker 6: It came.
Speaker 2: Jeffries sees blood and he's like a shock. They go
Speaker 2: after every little thing, the price of eggs. They killed
Speaker 2: all the chickens and now there's no eggs.
Speaker 3: Oh well, I think it was avian flu that killed
Speaker 3: the chickens. I don't think it was Hakeem. Jeffries came.
Speaker 3: I'm with you on that, all right, Paul. I appreciate
Speaker 3: the levity and the conversation added a little nice touch.
Speaker 3: Thanks Paul, Thank you all right, thanks to listening to
Speaker 3: Night Side. All right, all of a sudden, the lines
Speaker 3: are slowing down here six one, seven, two, five, four
Speaker 3: ten thirty six one seven, nine, three thirty. I want
Speaker 3: to hear from the Trump supporters and I want to
Speaker 3: hear from the Trump detractors. Uh. The stock market is
Speaker 3: something that is a huge story today. The numbers are huge,
Speaker 3: the losses are huge. Now the market reopens tomorrow, I
Speaker 3: can tell you right now, the UH the Dow futures,
Speaker 3: they're all down. The futures are down. Uh, so it
Speaker 3: isn't like there's going to be a snap back tomorrow.
Speaker 3: As a matter of fact, the nastac UH is down
Speaker 3: another percentage point. Uh Does it worry you? You could?
Speaker 3: It can. You might be worried from your own economic
Speaker 3: standpoint if you're in the market, or if you're invested
Speaker 3: through your U you know, your your IRA or your
Speaker 3: furrow one K. But the question is are they going
Speaker 3: so fast, so quickly, trying to do so much? Are
Speaker 3: they to the point where they are the victims of
Speaker 3: their own success, that that that they think they can
Speaker 3: do anything? I think again, you know, the pace here
Speaker 3: has been discomforting. I was going to say frightening, but
Speaker 3: I'll say discomforting. Back on Nightside right after this. Now
Speaker 3: back to Dan Ray live from the Window World Nightside
Speaker 3: Studios on WBZ News Radio. All right, lines filled up,
Speaker 3: let's keep robling. I'm going to go to kenon Walting
Speaker 3: Ken next on Nightside. Your thoughts go right ahead? Ken?
Speaker 6: Hi?
Speaker 8: Dan?
Speaker 1: Yeah, you know, my major thought, which I think ties
Speaker 1: into what you're talking about, is, you know, if us
Speaker 1: MCA was such a great deal. Uh, you know the
Speaker 1: biggest deal we ever made, you know why, and it
Speaker 1: was with Canada and Mexico. Why do we have to
Speaker 1: do anything at all? Didn't we have a great deal
Speaker 1: back then? And if we still have to make adjustments,
Speaker 1: why not do it like he did you know, five
Speaker 1: years ago. It doesn't He did it in a non
Speaker 1: dis rat you know, independent of how good the deal was,
Speaker 1: it was certainly non disruptives.
Speaker 8: You know.
Speaker 1: I think you're right, he's kind of going crazy here
Speaker 1: and it's an overreaction.
Speaker 3: Yeah. Yeah, I think that there's there. I think he's
Speaker 3: rolled the dice here, and you know, if it all
Speaker 3: works out, he's going to look back and say that's great.
Speaker 3: But boy, I'm telling you right now, it suggests to
Speaker 3: me that there's that there's problems. The market reaction today
Speaker 3: is the first time that that I thought to myself,
Speaker 3: there's a there's we Houston, we have a problem. Yeah.
Speaker 1: Yeah, Well I heard that Elon Musk lost twelve billion
Speaker 1: dollars today of his own out of his own pocket.
Speaker 3: Yeah, let's let's see what the boy say. How much
Speaker 3: does he have he's got? I think I read four
Speaker 3: hundred billion, So yeah, let's seeah, okay, so three percent
Speaker 3: of four hundred billion, that'd be twelve billion. Now that's
Speaker 3: about right because when you when you look at the numbers,
Speaker 3: you got the Dow was down to something and the
Speaker 3: Nasdaq is down. For he it was about a three
Speaker 3: three percent. So yeah, twelve billion would have been his
Speaker 3: his hit. I don't think any one in my audience
Speaker 3: other than Elon Musk lost twelve billion dollars today.
Speaker 1: That's probably not yeah, but I you know, I've been
Speaker 1: trying to think, you know, what is Trump thinking? I mean,
Speaker 1: the only thing I can think of is, you know,
Speaker 1: perhaps you know, he just thinks whatever he you know,
Speaker 1: he said he was going to solve you know, the
Speaker 1: Ukraine War in twenty four hours and you know, eggs
Speaker 1: we're going to go down in one day. He I
Speaker 1: think he thought, you know, he was going to threaten
Speaker 1: the East tariffs and Mexico and Canada would give him
Speaker 1: whatever he wanted. I don't know, I'm just guffing, by
Speaker 1: the way.
Speaker 6: I have no idea.
Speaker 3: Yeah, well, we're the big we're the big dog on
Speaker 3: the block. But the Mexican chihuahua and the Canadian wolf
Speaker 3: found snapped that get him?
Speaker 8: Right?
Speaker 1: Right, they've got pride.
Speaker 3: As well, you got it? Yeah.
Speaker 1: Yeah, And then I think he was a little off.
Speaker 1: You know, I think if Jake Tappert had asked him
Speaker 1: maybe the same questions that Maria Bartiromo. Yeah, I thought
Speaker 1: maybe he maybe he was a little too relaxed, and
Speaker 1: that's why he was off his game a little because
Speaker 1: he was with a friendly interviewer.
Speaker 2: Yeah.
Speaker 3: Well, yeah, I guess. You know, the big power hitter
Speaker 3: who step up to the plate and the picture has
Speaker 3: him down. You know, there's a two or two count.
Speaker 3: The guy sitting there expected to fastball. The pitcher throws
Speaker 3: a dinky change up over and the guy's called out.
Speaker 3: You know, it's like he's just looking for a wrong,
Speaker 3: wrong pitch here. I don't know, but it did.
Speaker 1: Have an impact today.
Speaker 3: Thank you.
Speaker 1: Can't appreciate your call.
Speaker 3: As always, we'll talk soon. Okay, thank you much. Let's
Speaker 3: keep rowling. Here are going to go to We're we're
Speaker 3: going to go next here. Yeah, Rick is in Dover. Rick,
Speaker 3: you're next on nice side.
Speaker 7: Welcome, Hi Dan, Hi Rick.
Speaker 3: Well I get you and at least one more in
Speaker 3: here before we close up for the eleven o'clock news.
Speaker 10: Go right ahead, So what's the main topic, Tody, you
Speaker 10: listened to the show. Yes, I know it's about Trump,
Speaker 10: but I wasn't sure if it was about him making
Speaker 10: friends with all of our allies over the country or.
Speaker 3: We're talking we're talking about the drop rick. You know,
Speaker 3: we've been talking for the last hour about a pock
Speaker 3: market in the stock market, as well as the tariffs,
Speaker 3: uh and as well as whether or not you know,
Speaker 3: with with Doge the administration has taken on too much
Speaker 3: if they if they're bitten off more than they can chew.
Speaker 3: I know you're not a Trump supporter, even though you're
Speaker 3: lo in Dover, but was considered a Republican stronghold. So
Speaker 3: this is a great opportunity to take your best shot here.
Speaker 10: Well, you know, I mean, he's definitely taken on more
Speaker 10: than you can show, because I don't think he thinking
Speaker 10: these things out. I mean, we don't have any allies anymore.
Speaker 10: And you know when you I don't know, I mean
Speaker 10: unless he's playing a game of selling short every month,
Speaker 10: you know, and the rich people making more money that way.
Speaker 10: I don't see anything too popular for anybody else that
Speaker 10: has a retirement fun with this guy playing games with
Speaker 10: stock market uncertainty.
Speaker 3: Yeah, I don't. I don't think his focus. I don't
Speaker 3: think his his focus is on short selling. I think
Speaker 3: his focus is on how he believes where he wants
Speaker 3: to take the country. And we do have allies. That's
Speaker 3: a little bit of an overstatement there. We have allies
Speaker 3: in Europe, we have allies in the Middle East, we
Speaker 3: have allies down Under, and we have allies in Mexico
Speaker 3: and Canada. Where you have a family disagreement in your family,
Speaker 3: who's everybody always on the same page?
Speaker 10: Yeah, yeah, but they all you know, I mean, the
Speaker 10: whole European Union decided that they weren't going to invite
Speaker 10: him to their mut.
Speaker 3: They they had an emergency meeting. Come on, Rick, don't
Speaker 3: mischaracterize something. Had an emergency meeting. Uh and uh and
Speaker 3: and Zelinsky flew from Washington to London and they were
Speaker 3: going to step into the breach all of a sudden.
Speaker 3: Let's see what, let's see why the Zolensky kerfuffle of
Speaker 3: ten days ago that may be getting close to getting resolved. So,
Speaker 3: you know, don't as they.
Speaker 10: Say anything that happened there. The guy's kind of desperate.
Speaker 10: You know, what's he gonna do?
Speaker 3: Well, if if you think that, if you want to
Speaker 3: write that off and as just as the act of
Speaker 3: a desperate guy, I think that that Dylensky has stood
Speaker 3: face to face with Putin for three years in a
Speaker 3: tough set of circumstances. I wouldn't call him desperate.
Speaker 7: Rick.
Speaker 10: I want to get one the money, all right, I
Speaker 10: got you, Thank you, thank you much.
Speaker 3: Call Lulureli. Give you more time, Thank you much. Let
Speaker 3: me get the war on, Warren, you get the last
Speaker 3: shot at this, will continue this into the next hour,
Speaker 3: Go right ahead, Warren.
Speaker 9: Oh yes, yeah, Hi Dan. Yeah.
Speaker 11: Whenever there is bad news, Americans get nervous, and that's
Speaker 11: what's happening here with the stock market. And you know,
Speaker 11: whenever you know, they don't like Trump making an you know,
Speaker 11: warring with Canada or Mexico or or even China. All
Speaker 11: of this should have been should be done behind the
Speaker 11: scenes quietly. You know, you have the people working working
Speaker 11: for the president, working behind the scenes and trying to
Speaker 11: get better deals.
Speaker 9: But you know, he's bombastic, and he's his ego is
Speaker 9: you know that.
Speaker 11: Of New York City.
Speaker 9: So yeah, but that's that's.
Speaker 3: What we have. Well. I think I think he's probably
Speaker 3: doing too much, too fast. I mean I haven't even
Speaker 3: mentioned the the flurry of executive orders obviously, which which
Speaker 3: are very much related to DOGE. There's a lot of
Speaker 3: people whose lives have been genuinely upturned. Uh. There, there
Speaker 3: were some of these things. They were talking about. The
Speaker 3: five people at the Kennedy Library who lost their jobs.
Speaker 3: They will returned the next day, so no harm. Yeah,
Speaker 3: I mean a little bit of eggs for five people.
Speaker 3: But when you start closing you know, an entire departments.
Speaker 3: Uh yeah, this.
Speaker 9: Yeah, I mean, yeah, he's a bullock tier shop right now.
Speaker 9: And what you know what I thought he was going
Speaker 9: to do is I thought he was going to do
Speaker 9: all the low hanging groups, you know, like you know,
Speaker 9: like what's in the port book every year when they
Speaker 9: do a budget and all these things come out, Like
Speaker 9: what's the intent on in its foolishness? I thought, you
Speaker 9: go go there and take.
Speaker 11: The all hanging throuit and just you know, get rid
Speaker 11: of that.
Speaker 3: Well, he's fired about, you know, to to use the
Speaker 3: football metaphor, he's fired about four Hail Mary passes and
Speaker 3: so far none of them.
Speaker 7: Yeah, completed.
Speaker 9: Drink men going back on the on the on the
Speaker 9: one and trying to throw at ninety nine yards.
Speaker 3: You got it, you got it war and I got
Speaker 3: you none of the wire. Thanks, my friend, We'll talk.
Speaker 9: Thank you, Thank you so much, appreciate it.
Speaker 3: Got some open lines six one, seven, two, five, four
Speaker 3: to ten thirty or six one, seven, nine three one
Speaker 3: ten thirty. Let's talk about it. I mean, if maybe
Speaker 3: you think nothing's going on, or maybe you think something
Speaker 3: big is going on, I tend to be in the
Speaker 3: somewhat big category, uh, in terms of what's going on.
Speaker 3: Join the conversation. Coming back