Speaker 1: It's nice, I'm telling you.
Speaker 2: Well, another tough day on the stock market. Uh there was.
Speaker 2: It was kind of a wild roller coaster day to day.
Speaker 2: And I'm sure that anybody who was sitting there watching
Speaker 2: Bloomberg or whatever you watch, probably watched the market up
Speaker 2: and down. The the market. The Dow ended up off
Speaker 2: quite a bit, about three hundred points, a little bit
Speaker 2: more than that. So, uh no, no hope insight. The
Speaker 2: futures tomorrow look good, but but who knows. And so
Speaker 2: the the crisis over the the Trump tariffs. There apparently
Speaker 2: today was a spike, a positive spike because at some
Speaker 2: point there was some suggestion that made maybe they were
Speaker 2: going to pause on the future on I should say
Speaker 2: pause on the tariffs. That was then knocked down. So
Speaker 2: the market spiked up, it opened down, then it came
Speaker 2: back up. I mean it was. It was truly a
Speaker 2: roller coaster today. It is well, stock market is not
Speaker 2: for the fate of heart. There's one story that says
Speaker 2: a seven million, seven minute, two point five trillion dollar
Speaker 2: rally confounds where investors. Apparently the nie K average has
Speaker 2: come back and the Japanese stock market is up today again.
Speaker 2: They're half a world away obviously, and they're well into
Speaker 2: into Tuesday morning, but the nie K is up five
Speaker 2: point five percent. So I don't know. I'm not a
Speaker 2: stock market expert. Maybe some of you are, but I'd
Speaker 2: love to hear from you. There was some I think
Speaker 2: there might have been some hope today that Prime Minister
Speaker 2: yet Netanya, who would come to the White House and
Speaker 2: make some sort of an announcement on Israel. And I
Speaker 2: guess he did, but it wasn't as dispositive as people
Speaker 2: had hoped, because that certainly didn't do much to put
Speaker 2: the market back on track. This is this is Prime
Speaker 2: Minister Benjamin Netanyahu, the Israeli Prime Minister. Cut number twenty nine,
Speaker 2: please rob cut twenty nine in the list.
Speaker 3: Perhaps the subject of self interest today, I can tell
Speaker 3: you that I said to the President of our super
Speaker 3: think we will eliminate the trade deficit with the United States.
Speaker 3: We intend to do it very quickly. We think it's
Speaker 3: the right thing to do, and we're going to also
Speaker 3: eliminate trade barriers, a variety of trade barriers that have
Speaker 3: been put up unnecessarily. And I think Israel conserve as
Speaker 3: a model for many countries who ought to do the same.
Speaker 3: I recognize the position of the United States. It says,
Speaker 3: you know, we allowing other countries to put tariffs on us,
Speaker 3: but we don't put tariffs on them. And you know,
Speaker 3: I'm a free trade champion, and free trade has to
Speaker 3: be fair trade. And I think that's basically the position
Speaker 3: that you have put forward, mister Prendan, And we are
Speaker 3: going to eliminate the tariffs and rapidly. I added the
Speaker 3: opportunity to speak to Secretary Locknick yesterday. We talked about
Speaker 3: how we could affect this quickly, and I hope to
Speaker 3: bring the solution very quickly. We're not talking about intentions,
Speaker 3: We're not talking about uh, you know.
Speaker 2: Just words.
Speaker 3: We're talking about results. Those results are going to come back.
Speaker 3: That's the first.
Speaker 2: That's very nice.
Speaker 4: Thank you.
Speaker 2: Okay, Well again, what have you done. Obviously, the the
Speaker 2: big stock market dip, and it's an understatement to call
Speaker 2: it a dip, began on Thursday. Many people have to
Speaker 2: Thursday thought well, friday'll come back. No, it didn't come back.
Speaker 2: It was actually worse on Friday than it was on Thursday,
Speaker 2: and over the weekend a lot of uncertainty and there
Speaker 2: are a lot of people who watch their retirement accounts
Speaker 2: and many people rely upon their retirement accounts. And all
Speaker 2: of this was put in motion with the president's a
Speaker 2: Rose Garden news conference of a week ago Wednesday. So
Speaker 2: I'm basically going to open the conversation up and give
Speaker 2: you an opportunity to tell me what you have done
Speaker 2: or not done. If you've done nothing and watch the
Speaker 2: market go down, how confident are you that it's going
Speaker 2: to go up again? The futures would suggest that tomorrow
Speaker 2: it will bounce back, but it's going to have quite
Speaker 2: a way to go to get back to where it
Speaker 2: was just a few days ago or a few weeks ago.
Speaker 2: If you have taken action, and if you if you
Speaker 2: have sold a lot of stocks, I'd love to know
Speaker 2: when you sell, when you sold them, and do you
Speaker 2: regret at this point selling them? And if you've actually
Speaker 2: gone into the market late today and bought some stocks,
Speaker 2: you might look like if tomorrow you're gonna that tomorrow
Speaker 2: you might have a good day. So, Uh, those are
Speaker 2: the questions. Uh six one, seven, two, five, four ten
Speaker 2: thirty six one seven nine three one ten thirty. And
Speaker 2: then the question is that on top of this, there
Speaker 2: is the political veneer on this. Uh, if you are
Speaker 2: a Trump supporter, you probably look at this a little
Speaker 2: differently than if you're someone who is a Trump detractor. Uh.
Speaker 2: And again, I'd never like to see politics injected into anything,
Speaker 2: whether it's a conversation about sports or medicine. Politics should
Speaker 2: stay where politics should stay in politics period. I don't
Speaker 2: like to see politics in the theater. I don't like
Speaker 2: to see it in the arts. I don't like to
Speaker 2: see it on college campuses. I think, leave it where
Speaker 2: it is. But of course it leads over into everything,
Speaker 2: everything in our society. So six one, seven, two, five,
Speaker 2: four ten thirty six one seven nine three one ten
Speaker 2: thirty we are now three days, three days into this
Speaker 2: market drop tomorrow. And again you don't have to put
Speaker 2: any faith in the futures, because sometimes the futures say
Speaker 2: up and the market goes down. Sometimes they say down
Speaker 2: and the market goes up. I just love to know
Speaker 2: what you're thinking at this point, and is it armageddon
Speaker 2: or is this something? Is this a buying opportunity, I
Speaker 2: guess would be the way. I certainly don't want to
Speaker 2: guide anyone because I'm not a professional investor, nor do
Speaker 2: I play one on the radio. This is an opportunity
Speaker 2: to get your thoughts and ideas on what is happening
Speaker 2: in this country, and two weeks from now you can
Speaker 2: look back and you say, you know what I was pressured,
Speaker 2: not me, you were prescient, or maybe you would want
Speaker 2: us to erase the phone call. Coming back on Nightside,
Speaker 2: not looking for predictions per se, but what you think
Speaker 2: is likely to happen. Where will be a week from now,
Speaker 2: where we'll be? Where will we be a month from now?
Speaker 2: Where will we be a year from now? I don't know.
Speaker 2: Donald Trump says We'll be in the Golden Age? Does
Speaker 2: it feel to golden right now? Back on Nightside right after.
Speaker 1: This, you're on night Side with Dan Ray on WBZ,
Speaker 1: Boston's news radio.
Speaker 2: Well, let's go to the phone. See what people have
Speaker 2: to say. Let me start off with them Will in
Speaker 2: Long Island, Hey, Will, welcome back. How are you?
Speaker 4: Hey?
Speaker 5: Dan? So? Yeah, I know, you know, I own my
Speaker 5: own business, but you know, for the first twenty summit,
Speaker 5: I would say almost twenty years, I was a licensed
Speaker 5: insurance agent and stockbroker. I've seen a lot of I've
Speaker 5: seen a lot of you know, market reactions and crisses
Speaker 5: and all types of things that I've started it since.
Speaker 4: I was before I was out of high school.
Speaker 5: Right, but what you're seeing right now. If people say
Speaker 5: that or they think they could prognosticate and tell you
Speaker 5: what's going to happen, they're wrong because nobody can tell
Speaker 5: you that, because nobody knows what's going to happen. The
Speaker 5: earnings calls that are going on right now have to
Speaker 5: sound something like, we don't know because we don't know
Speaker 5: what tariffs are. We don't know what they will be.
Speaker 5: We don't know if they're going to happen. We don't
Speaker 5: know if they're going to be on pause. They're on pause,
Speaker 5: then they're on and they're off. We don't know what
Speaker 5: he's going to negotiate.
Speaker 2: Well, the one thing the market doesn't like is uncertainty,
Speaker 2: I mean, but obvious.
Speaker 5: Yeah, right, but now you also have some other factors, right, So,
Speaker 5: like I have shorted the market several times over the
Speaker 5: fast year because earnings and all these things are not
Speaker 5: in line with the valuations of these companies. Apple was
Speaker 5: worth three trillion dollars. That's more than the GDP of
Speaker 5: many large nations like Canada and Russia. Okay, things like that, right, So,
Speaker 5: and I know a lot of people that manage a
Speaker 5: lot of money, hundreds of millions of dollars, right, and
Speaker 5: I'm like, why am I wrong? My shorts are short
Speaker 5: lived because I'm always like so wrong, right, thing keeps moving.
Speaker 5: So now you see this bad news obviously or news
Speaker 5: that can you know? This is a global realignment. This
Speaker 5: is a changing of the way we've been doing business
Speaker 5: for like one hundred years.
Speaker 2: Okay, just pause for a second. Will for those in
Speaker 2: my audience who may not know what you mean when
Speaker 2: you say you shorted the market, explain to them what
Speaker 2: that means. Most people think, Okay, I'm going to buy
Speaker 2: a stock and hope that it's going up. You're doing
Speaker 2: it just right, No, tell.
Speaker 5: Us right, it's the opposite. And you can do the
Speaker 5: same thing with individual stocks. You can do the same
Speaker 5: things where the change traded funds you go, you make
Speaker 5: money when it goes down.
Speaker 2: Right.
Speaker 5: So in a lot of situations, we saw the Nadack.
Speaker 5: It took I don't know decades for it to go
Speaker 5: from twelve hundred to five thousand, and then it went
Speaker 5: from five thousand to twelve hundred in a year. So
Speaker 5: this is where they're smart. Where the big money this
Speaker 5: everybody has money in a bull market, the wealth effect.
Speaker 5: Everybody feels great, it's great, the screen's green every day.
Speaker 5: That happens for years sometimes, right, and then look how
Speaker 5: fast COVID. That was an exceptional situation. But look how
Speaker 5: fast the market dropped, you know, twenty thirty, forty fifty percent.
Speaker 5: Look at two thousand and eight banking crisis, Look at
Speaker 5: the dot com bomb. This is when the smart money
Speaker 5: makes its money and everybody else gives it all back.
Speaker 5: It's like playing craps when you're on the table and
Speaker 5: the bets keep building up, but you never take your
Speaker 5: money off the table and then boom. Now, if you
Speaker 5: have a long horizon, that's no problem when you have
Speaker 5: thirty forty years to invest, But if you have your
Speaker 5: money in speculative things or even just regular stops.
Speaker 2: Okay, so let me let me ask you this. Okay,
Speaker 2: I understand that. So now you look at the market.
Speaker 2: The market's down what about five meaning the the down
Speaker 2: now is down right, six thousand points in the last week.
Speaker 5: Okay, tomorrows which is which is about fifteen percent or so.
Speaker 2: So yeah, yeah, yeah, yeah, the futures tomorrow are looking
Speaker 2: like it's going to be a good day. That can
Speaker 2: change overnight, obviously, But of course, would you be shorting
Speaker 2: the market since the market is down so much, or
Speaker 2: do you feel the market has come down to a
Speaker 2: place where it's going to settle and that's going to
Speaker 2: be what we're going to deal with.
Speaker 5: Okay, Well, personally, I'm short still and I'm gonna hold
Speaker 5: it still. Even though short ETF shorts like sqqs and
Speaker 5: things like that, you don't really want to hold them
Speaker 5: long term. But right now, I think the short pressure
Speaker 5: on the market and just the overall market uncertainty. It
Speaker 5: may bounce hard tomorrow, go up a thousand points, and
Speaker 5: tomorrow will be a bad day for me, But then overall,
Speaker 5: over the next couple of months, I believe the short
Speaker 5: is the plate for me, but not for all of
Speaker 5: my portfolio, just for a nice portion, and especially since
Speaker 5: I have to hold some stocks. I will use it
Speaker 5: as a hedge. Right. I didn't just sell out of everything,
Speaker 5: although I did sell a lot of things. I'm using
Speaker 5: it as a hedge against the things that I'm going
Speaker 5: to own long term.
Speaker 2: Right when did you sell?
Speaker 5: What?
Speaker 2: WHOA? When did you sell?
Speaker 5: I sold when Trump became the president of the United
Speaker 5: States because I understood what tariffs mean. And I knew
Speaker 5: he wasn't bluffing, right, So I sold into strength when
Speaker 5: I could, and I sold a lot of positions that
Speaker 5: I thought were going to be definitely reliant upon. Uh,
Speaker 5: you know products that are are pieces of their products
Speaker 5: that they build that are important.
Speaker 2: With the cash. Did you realize from the sale when
Speaker 2: Trump became president? Uh, did you get back in the market?
Speaker 2: Is that sitting on the side.
Speaker 5: That's sitting on the side. And I think there'll be
Speaker 5: times to get back in the market, but right now
Speaker 5: it's just not like a blanket attack at the market.
Speaker 5: It's more like a oh, well, I really like this
Speaker 5: company long term, and now I could buy at a discount.
Speaker 5: So this is something that I'll add to. But I'm
Speaker 5: having conversations with a lot of people that I know
Speaker 5: that didn't even understand basic arithmetic in high school and
Speaker 5: didn't couldn't do algebra, and now they're, you know, because
Speaker 5: they are on Facebook, they're like experts and like not
Speaker 5: just the market, but like in tariffs in general.
Speaker 2: I'm like, yeah, all right, well you have laid out
Speaker 2: very nicely what it means, and and a lot of people,
Speaker 2: you know, would not even understand what you were talking about,
Speaker 2: but you explained it very well, and I thank you
Speaker 2: for doing that.
Speaker 5: And if you have time, If you have time, you
Speaker 5: don't think about it. If you don't really have time,
Speaker 5: your investment advisors should have had your in safer things
Speaker 5: to begin with than common stop. So really that's how
Speaker 5: you might look at it, all right, Dan, how a
Speaker 5: good one, buddy.
Speaker 2: Thank you much. Six one seven, two, five, four to
Speaker 2: ten thirty. One there and one at six one seven, well,
Speaker 2: six one seven, two, five four to ten thirty. Just
Speaker 2: philed you got You can get in at six one seven,
Speaker 2: nine three one ten thirty just as easily. Mike is
Speaker 2: in Beverly, Mike next on Nightsig go right.
Speaker 6: Ahead, Hey Dan, I can you hear me?
Speaker 2: I can hear you? Fine, right, Mike?
Speaker 6: So are you gonna go through this everyday deal with
Speaker 6: the market situation? Well?
Speaker 2: I think that it's been an interesting period of time.
Speaker 2: It's not been a fun period of time or a
Speaker 2: happy period of time, but I think it's the story
Speaker 2: of the day. Is there is there a bigger story
Speaker 2: that you'd be interested in talking about other than the
Speaker 2: market tonight?
Speaker 7: Yeah?
Speaker 6: How about Joe Biden's cognitive decline, everyone from his administration
Speaker 6: of writing books the autostop.
Speaker 2: So okay, so Joe Biden's cognitive decline. When one of
Speaker 2: those authors wants to reach out to us and talk
Speaker 2: about that, that's fine. But that's not the story of
Speaker 2: the day, Mike. I mean, maybe a fascinating story. And
Speaker 2: I think most of us recognized he had cognitive decline
Speaker 2: while he was president. Not everyone, but for me, that's,
Speaker 2: you know, for something that people are going to want
Speaker 2: to talk about.
Speaker 6: For me, it's, you know, they how much the Democratic
Speaker 6: Party gas fight, all their voters all of a sudden
Speaker 6: when the back, when the back thing they knew he
Speaker 6: couldn't win, and how bad it was. And and that's
Speaker 6: not a story for today.
Speaker 2: Uh No, that's a story that I think was was
Speaker 2: very much a story last summer when he finally agreed
Speaker 2: to vacate the nomination. And I think that that laid
Speaker 2: a foundation for Ray and the Democratic We've talked about
Speaker 2: that for weeks weeks, Mike. You listen to that.
Speaker 6: Now, all of a sudden he's out of office, all
Speaker 6: his people in that office. You know, a guy who
Speaker 6: went out the network, writes a book. You know, all
Speaker 6: these books are coming out now, and like, you know,
Speaker 6: people squeeling now, well, we knew point blank he couldn't
Speaker 6: do it, but they're.
Speaker 2: Telling all this Yeah again again, Mike, I think I
Speaker 2: think you're you're getting excited about that. And what will
Speaker 2: happen is what we do is my producer will reach
Speaker 2: out to some of these publishers and they're going to
Speaker 2: want to be on my show. And I want to
Speaker 2: read the book ahead of time so that we can
Speaker 2: find I felt all along that the reason that Joe
Speaker 2: Biden was put out to debate Donald Trump last June
Speaker 2: was it was a setup by the people with his
Speaker 2: administration and they wanted to see what his capacity really
Speaker 2: was and uh, and they probably knew it was going
Speaker 2: to lay the foundation for him not being the nominee.
Speaker 2: It's a great story, Mike, but the story of the
Speaker 2: last three days is the story.
Speaker 6: Being Trump and all the tarrors and all that sort
Speaker 6: of stuff. And like you know, all this, Joe, how
Speaker 6: much the Democratic Party gash side of their own people.
Speaker 2: Again, We'll get to it, Mike, But I got to pick.
Speaker 2: I got to pick the stories of the day that
Speaker 2: more people are interested in. And Joe Biden at this
Speaker 2: point is yesterday's news, and we will talk to some
Speaker 2: of these authors, uh, and we will get into it
Speaker 2: in great depth. I promise you that.
Speaker 8: Okay, yeah, I get it.
Speaker 5: You know.
Speaker 6: The me industry, the auto work is the wall and
Speaker 6: the agricol said, uh, workers all support the tariffs because
Speaker 6: we don't sell our products all a sea, but they
Speaker 6: can sell it to lots, you know. And I watch
Speaker 6: the market. I get that, you know.
Speaker 2: Yeah, okay, And we'll see tomorrow it might be a
Speaker 2: better day for the market. We'll see, we'll see, Mike.
Speaker 2: Thank you for your call. Appreciate you very much. Good night. Uh.
Speaker 2: You can please some of the people some of the time,
Speaker 2: but not all of the people all of the time.
Speaker 2: That is one line that just opened up. Six one seven.
Speaker 2: Your thoughts on the market? What have you done? What
Speaker 2: have you not done? Where do you think we're going?
Speaker 2: Where will be? Where will we be a week from
Speaker 2: now or a few months from now or a year
Speaker 2: from now. We're coming back on night Side right after
Speaker 2: the news at the bottom of the.
Speaker 1: Hours Night Eyes on Boston's news radio, Free Coffee.
Speaker 2: I might I might drive to Lemonster find a pothole.
Speaker 2: I just want to correct one of my guests during
Speaker 2: the eight o'clock hour, we spoke with Rob Monroe of
Speaker 2: the Conquered two point fifty Executive Committee. He's the co
Speaker 2: chair of that committee, and I asked for his website
Speaker 2: and he mistakenly said it was dot com. If you
Speaker 2: want to get information on Conquered two fifty, just go
Speaker 2: to Conquered all one, you know, one word conquered and
Speaker 2: then two five zero dot org and that will get
Speaker 2: you the information all you need to know about the
Speaker 2: celebrations on April nineteenth, actually April actually on April nineteenth, Saturday,
Speaker 2: April nineteenth is when they celebrate the two hundred and
Speaker 2: fiftieth anniversary of the Battles of Lexington and Conquered, So
Speaker 2: conquered two five zero, conquered two fifty the numbers two
Speaker 2: five zero, conquered two fifty dot org. Okay, And sometimes
Speaker 2: people come on the show and I ask him that
Speaker 2: and they they just kind of blank out, even though
Speaker 2: he's probably worked in it now for it for months,
Speaker 2: if not longer. Back to the call as we go,
Speaker 2: Let's see Rick is in Dover, Dover, New Hampshire. I
Speaker 2: originally thought it was Dover, mass but Rick welcome back. Hi.
Speaker 8: How you doing and I doing great?
Speaker 2: What's what's what's your thought tonight? Rick? How are you.
Speaker 6: Okay?
Speaker 8: Good? Still breathing? So that's a good one.
Speaker 2: That's a good play to start, that's for sure.
Speaker 8: Yeah, that Perst guy you had on seemed the no
Speaker 8: stocks a lot better.
Speaker 7: Than now you.
Speaker 8: I wish I knew more, and I believe the smart
Speaker 8: money is doing what he's doing, you know, selling short.
Speaker 8: I'm just wondering a few things.
Speaker 5: I've been listening to a lot of them lately, and uh,
Speaker 5: you know, they.
Speaker 8: So called experts and they said, uh, well, the only
Speaker 8: way cars could work in this country as if we
Speaker 8: started building factories. And nobody seems I haven't heard anything
Speaker 8: about the government or Trump or the Rhino. Who's offering
Speaker 8: anybody money to build new factories.
Speaker 2: Well, I don't think it's up to the I don't
Speaker 2: think it's up to the government to First of all,
Speaker 2: there's a lot of factories, the buildings that have been abandoned.
Speaker 2: But building factories are kind of like trees. You know,
Speaker 2: when the best time to plant the tree is.
Speaker 8: Rick, fifty years ago.
Speaker 2: Yes, exactly exactly. So if you try to if you're
Speaker 2: trying to address a long term problem. You gotta start
Speaker 2: as soon as you can. Uh and right, my understanding,
Speaker 2: And I don't follow this as closely as maybe some
Speaker 2: people do. Know, will I pretend to? I believe that
Speaker 2: there are some auto factories that are now bringing workers
Speaker 2: back on in anticipation of some more work. I mean,
Speaker 2: this is kind of an old argument which goes to
Speaker 2: the to the question of should we as Americans buy
Speaker 2: American or should we buy from wherever. Now, I will
Speaker 2: admit to you that for a long time I've bought
Speaker 2: Volvo automobiles because I thought they were the safest cars.
Speaker 2: I'm no longer as much of a fan of Vovo
Speaker 2: as I once was, and so maybe that my next
Speaker 2: car will be something other than a Vovo. And I'm
Speaker 2: actually looking at someone had suggested that Toyotas are really
Speaker 2: good cars, and I'm not sure if Toyota is a
Speaker 2: manufactured here or not. It gets a little confusing. Okay, sure,
Speaker 2: but but look, all of us. I suppose that there's
Speaker 2: plenty of things in your house, in my house that
Speaker 2: are manufactured in foreign countries. That doesn't help our economy
Speaker 2: as much. Yeah, right, I'm sure, But but that doesn't
Speaker 2: help our economy. And we found out during COVID that
Speaker 2: we could apply line problems with things like computer chips
Speaker 2: and pharmaceuticals, and that that has That's a great a
Speaker 2: concern to me. I want to make sure that that
Speaker 2: if and when you were.
Speaker 8: Jobs, what we need. We need good paying jobs. We
Speaker 8: don't want to need people putting bolts in our apple
Speaker 8: uh you know whatever that guy's talking about Apple phones.
Speaker 2: Well, I think that most guys and women who work
Speaker 2: on assembly lines in Michigan or wherever the cars are
Speaker 2: being made these days, I think those are pretty good
Speaker 2: paying jobs. I saw Sean O'Brien from the Teamsters union
Speaker 2: in one of the newspapers this morning, I think it
Speaker 2: was a herald saying that it's it's long overdue to
Speaker 2: get some these jobs back to America. I think we
Speaker 2: have gone in the direction of let's get the best,
Speaker 2: the cheapest, and we forgot about, you know, our own economy.
Speaker 2: And Trump is basically taking a position Rick that the
Speaker 2: Democrats used to espouse. The Democrats used to be quote
Speaker 2: unquote for the working guy. Remember that sort of language.
Speaker 8: Yeah, and then Reagan did NAFTA and I could never
Speaker 8: figure out the NAFTA thing.
Speaker 2: Reagan didn't do NAFTA. That was Bill Clinton.
Speaker 8: He did the free trade agreement, didn't he?
Speaker 2: I think he might have done the Mexico the Mexico Canada,
Speaker 2: there was a free trade agreement, but NAFTA. The North
Speaker 2: American Free Trade Agreement, which was the formalization of it,
Speaker 2: was signed by Clinton in nineteen ninety three. Now there
Speaker 2: were some more.
Speaker 8: What it was Clinton that I got it wrong?
Speaker 2: Yeah, No, it was Clinton. As a matter of fact,
Speaker 2: at the time, I said that if it had been
Speaker 2: a Republican that was going to sell out the unions,
Speaker 2: it never would have happened under Reagan. But Clinton had
Speaker 2: the Democrats kind of fall into place.
Speaker 8: Now this was that was the worst thing I think
Speaker 8: ever happened. Yeah, well yeah.
Speaker 2: But what I'm saying to you is that's what the
Speaker 2: Democrats used to always talk about, the working guy. And
Speaker 2: then Trump made a lot of inroads amongst blue collar
Speaker 2: workers when he when he had his dog and pony
Speaker 2: show in the Rose Garden the other day, he had
Speaker 2: a delegation of ua W members sitting there cheering him.
Speaker 2: You might have seen that, I think.
Speaker 8: Yeah, I've seen some of it. Well, I just don't
Speaker 8: understand how we can compete with companies, you know, like China.
Speaker 8: How can we compete with China? They only you know,
Speaker 8: they only pay the people like a dollar a day.
Speaker 2: Well you sound like Trump. Now now you're sounding like
Speaker 2: Trump because he's saying we can't compete with those people. Well,
Speaker 2: well here's the deal. Here's my question to you. Okay,
Speaker 2: and again I don't I don't want to sound like
Speaker 2: I'm a Trumpet here, but it's interesting. I've never been
Speaker 2: to Japan, but I'm told that it's almost impossible to
Speaker 2: buy an American make car in Japan. However, I see
Speaker 2: every day hundreds of Japanese cars driving by me when
Speaker 2: I drive anywhere.
Speaker 8: They make the best cars.
Speaker 2: They Well that's great, that's great. So I think that
Speaker 2: American cars are coming back. And I think that maybe
Speaker 2: we have learned that lesson. And that's all I mean.
Speaker 2: The second big you know, look.
Speaker 6: I all the works out.
Speaker 8: You know, if the European Union goes down to zero percent,
Speaker 8: we go to zero percent.
Speaker 6: I think that's a big win.
Speaker 2: Well, that's what that's what Trump says he's shooting for.
Speaker 2: So we'll have we'll have to see. By the way,
Speaker 2: I would prefer. I mean, the biggest thing most of
Speaker 2: us ever buy is the house or the condo in
Speaker 2: which we live. We can agree on that, right, Yes,
Speaker 2: what's the second biggest item you and I might buy
Speaker 2: during our lifetimes? Periodically? It starts with your car? A car?
Speaker 2: You got it right. So what I'm saying is if
Speaker 2: I buy a couple of Kreddy T shirts that are
Speaker 2: made in Vietnam or Thailand for where did the beach
Speaker 2: in the summertime?
Speaker 6: You know?
Speaker 2: I like to buy my T shirts from College Hype
Speaker 2: in Dorchester because it's a friend of mine. But but
Speaker 2: what it's If you buy a two dollars or ten
Speaker 2: dollars item from Japan or China or Canada or Mexico,
Speaker 2: it doesn't have a big impact on our economy. But
Speaker 2: if you buy cars from overseas. And I bought cars,
Speaker 2: I bought Vovos. I admit to it. Okay, I'm not
Speaker 2: gonna lie. Everybody who knows me knows, but I'm not
Speaker 2: buying another Vovo.
Speaker 8: We'm not building cars to break down. That's the problem,
Speaker 8: you know.
Speaker 2: I think America, I think the idea of planse obsolescence
Speaker 2: may be over. Hey, Rick, I got a run here.
Speaker 2: I'm up my break. I'll let you go as always,
Speaker 2: you're a great car up. Thanks much, Rick, Touch to
Speaker 2: you soon and have a great night. Six one seven,
Speaker 2: two five four ten thirty. One line there and one
Speaker 2: line and six one seven nine one ten thirty. I
Speaker 2: want to talk about this for the rest of the
Speaker 2: night because I think it's interesting, and I think politically
Speaker 2: it's interesting too, because Trump is sounding more and more
Speaker 2: like the Democrats of old. It used to be the
Speaker 2: Republicans who were who were the guys of you know,
Speaker 2: free trade, free trade. It doesn't matter. He's basically stolen,
Speaker 2: in my opinion, the positions, and it showed him the poll,
Speaker 2: it showed him the results last oven. But back on Nightside,
Speaker 2: right after this.
Speaker 1: Night Side with Dan Ray on WBZ, Boston's news radio.
Speaker 2: Okay, back we go. Let me go to Sandy in Dover, Massachusetts. Sandy,
Speaker 2: you're next on Nightside.
Speaker 7: Welcome, Hi Dan, How are you good?
Speaker 2: Sandy? How you doing?
Speaker 7: I'm good? You did? You just had a caller from Dover,
Speaker 7: New Hampshire.
Speaker 2: I got it. I got all the dovers covered here
Speaker 2: on nights Side, right aad. I love it, Yeah, I
Speaker 2: love it.
Speaker 7: I'm gonna give you just a QUI. I am sixty
Speaker 7: seven years old. I am a double major in economics
Speaker 7: and business, all right, And my comments, I'd like to
Speaker 7: make the more macro than micro. I really I think that.
Speaker 7: I think the things that are happening right now are
Speaker 7: macro in nature, such as changing from the gold standard
Speaker 7: under Nixon, such as the New Deal under Rosevelt. What
Speaker 7: what Trump is doing is changing what was the world order?
Speaker 7: What was the normality, what was the everybody knew about?
Speaker 7: And he is changing all of that.
Speaker 2: Yeah, I've used the word I've used the word transitional.
Speaker 2: I don't know if you would accept.
Speaker 7: That that's a good one. No, transitional is is, But
Speaker 7: I think it's it's it's I think it's almost more
Speaker 7: impactful than trans I think it's like changing.
Speaker 2: Okay, I get you drift.
Speaker 7: Okay. So from the macro point of view, thirty thousand
Speaker 7: foot view, this is a change with the tariffs, with
Speaker 7: the tariffs, this is a change in the world order.
Speaker 7: And I'm not saying that I know everything. I am
Speaker 7: not a day trader. There are always going to be companies,
Speaker 7: individual companies that go up and down no matter the
Speaker 7: economic environment. What I'm suggesting is that this is a
Speaker 7: world order. I actually took some four to one K
Speaker 7: money on March twenty seventh, and I was completely invested
Speaker 7: in the stock mutual funds, but the stock I took
Speaker 7: everything on March twenty seventh and put it in a
Speaker 7: money market fund, earning four point one percent a short
Speaker 7: term money.
Speaker 2: Good for you. That was a great moment, was very.
Speaker 7: Good because when the Liberation Day was going to happen,
Speaker 7: I knew, and you use the term the market hates uncertainty. Sure,
Speaker 7: and if market does not know of the playing field
Speaker 7: that they are operating in, that's uncertainty and the market's
Speaker 7: state uncertainty. So I took all the money out put it.
Speaker 7: And I'm an equity I'm a stockmart I'm a capitalist.
Speaker 7: I like business, So I took it out of the market.
Speaker 7: Things go down. I'm not gonna short things or I'm
Speaker 7: not going to play the timing. I just I saw uncertainty.
Speaker 7: So I took it all out of the market, and
Speaker 7: in a month or two or two weeks or six months,
Speaker 7: I don't know, I'm going to get back into the
Speaker 7: stock market. I believe that capitalism, that's where the company right.
Speaker 2: So therefore, you're not ready to go in tomorrow.
Speaker 7: Not quite yet.
Speaker 2: Okay, fair enough, okay, all right, Candy. I appreciate your
Speaker 2: analysis right in the money. I think have you called
Speaker 2: before since your first time.
Speaker 7: Calling, I have called WBZ Radio since Garry Williams.
Speaker 2: Have you called this show before? I don't recall you
Speaker 2: as a call to this show.
Speaker 7: I have called night Side multiple times.
Speaker 2: Well, do me a favorite, be more frequent caller, because
Speaker 2: I enjoyed the conversation.
Speaker 7: Very and if I could slip in one last one,
Speaker 7: I think the conversation with the Israeli Prime minister today
Speaker 7: where they tended, they sounded like they were going to
Speaker 7: reach an agreement. I think that's going to be the
Speaker 7: basis for other agreement with other countries.
Speaker 2: Yeah, I would think, yeah, once one is in the door, Yeah,
Speaker 2: that's that's that would be a good that would be
Speaker 2: a good sign. Sandy, as always, thank you so much.
Speaker 2: We'll talk again.
Speaker 7: Thank you, appreciate it, Dan, thank you.
Speaker 2: Good night. Thanks. Let me go to Ken down in Florida. Ken,
Speaker 2: how are you done in Florida?
Speaker 4: Yeah, I missed you. It's been a few months. I
Speaker 4: haven't talked to you in a while.
Speaker 2: Well, that's not my fault. I've been here many many nights,
Speaker 2: so you are always welcome. Go right ahead, Ken.
Speaker 4: I know this, Dan, I'm far from a financial expert.
Speaker 4: I am kind of all in and what Trump's doing,
Speaker 4: it is a bit unsettling watching the stock market in
Speaker 4: all the markets plummet. But I do kind of agree
Speaker 4: with his opinion, you know, short term pain, long term gain.
Speaker 4: And I do like the fact that he's trying to
Speaker 4: equal out the trade deficits with other countries. I mean,
Speaker 4: I think we are getting you know, I don't use
Speaker 4: the word, but we are getting bleeped over by these
Speaker 4: other countries. And I think he's finally the first president's
Speaker 4: going to really, you know, make a bold step to
Speaker 4: try to correct that.
Speaker 2: Yeah, and we've we've talked about it a little bit
Speaker 2: in the last few nights. The market looks like it
Speaker 2: might have a good day tomorrow, So you never know,
Speaker 2: because sometimes it'll it'll predict a good day and it
Speaker 2: turns out to be a bad day and vice versa.
Speaker 2: But but right now, the.
Speaker 4: Retirement, my knees retirement to come through work. But I did, uh,
Speaker 4: I won't mention it. I bought it. I download an app,
Speaker 4: and I've been buying stock, and I tell my buddy,
Speaker 4: my best friend out in Phoenix, now the time to buy,
Speaker 4: just buy bye bye. And I don't have you know,
Speaker 4: I don't have the kind of cash to throw around
Speaker 4: like you know.
Speaker 7: To buy.
Speaker 4: If I had it, I be buying a lot of
Speaker 4: Tesla right now as a plummets.
Speaker 2: Yeah, is down, there's no doubt about that.
Speaker 4: Uh oh, the great bargain. It's a it's a buyer's market.
Speaker 4: I mean, you know, I grew up a poor kid.
Speaker 4: I don't have a lot of cash in my bank
Speaker 4: account to be buying stuff at sixty years old. But
Speaker 4: if it's a buyer's market, Dan, this is the time
Speaker 4: to buy. I've been buying this cheap crypto stock and
Speaker 4: some other stuff that's within my budget now five six
Speaker 4: seven dollars a share. I bought some Ford stock that
Speaker 4: was about nine dollars a share, you know, not a lot, though,
Speaker 4: I mean I wish I could you know buy.
Speaker 2: You bought you bought Ford was nine dollars.
Speaker 4: A share something like that.
Speaker 2: Yeah, well that's pretty good. I'm going to double check
Speaker 2: that one. That's what I might want to be thinking about.
Speaker 4: I mean, I would invest in American automakers because I think,
Speaker 4: you know, finally we were present with the guts that's
Speaker 4: going to say, hey, you know, open up the markets.
Speaker 4: Like like you heard what girl the callers say, you
Speaker 4: know you can't. I think you did say I drive
Speaker 4: an out. It's sixteen years old.
Speaker 2: Yeah, you know, by the way, you're right. For the
Speaker 2: Ford Ford stock is nine uh nine dollars and twenty
Speaker 2: four cents a shoe, actually thirty four cents. Well in
Speaker 2: the futures tomorrow it's it's after hours tonight, it's up
Speaker 2: a nickels. So whatever it was as high as what
Speaker 2: wasn't that you know, it's only been as high as well,
Speaker 2: that's today. I guess what do I let me look
Speaker 2: at this year to date it's been whereas it was
Speaker 2: up around ten to fifty earlier the year, and then
Speaker 2: it was down.
Speaker 4: You know, like what Trump's doing. And it is painful
Speaker 4: to watch the start market. You watch a business report
Speaker 4: and watch watch the markets plummet. But you know, I
Speaker 4: think he's doing the right thing because you know, it's
Speaker 4: all about uh, what's the word he's using. Represent I
Speaker 4: can't say the word.
Speaker 2: Recipro, reciprocity, yep, yep to a.
Speaker 4: Degree, because some countries obviously can't the smaller countries, they
Speaker 4: can't match.
Speaker 2: I think they were a little sloppy. There was something.
Speaker 2: There was some island that's only populated by penguins that
Speaker 2: they had They had hit him with a terriff, not
Speaker 2: doing much trade with that particular It was called McDonald's
Speaker 2: island somewhere. I have no idea what the hell that was.
Speaker 4: He messed with McDonald you got it.
Speaker 2: Yeah, maybe he thought it was McDonald's. I don't know. Hey,
Speaker 2: can I got to run amount of time? Call more
Speaker 2: off and man, I want to see how you forged.
Speaker 4: Axtell we'll revisit this after, uh, you know when I
Speaker 4: make millions on my uh you.
Speaker 2: Bet my thoughts sounds great. I can't be well, be well.
Speaker 4: And ray say out of Boston. I still miss it.
Speaker 4: I haven't been there in six years.
Speaker 2: Well, you always come up for a visit. We'll, we'll, we'll,
Speaker 2: we'll get your visa all in the order so you'll
Speaker 2: be able to come up for a visit.
Speaker 4: Okay, old beer together, Okay, Okay.
Speaker 2: Thanks, can't talk to you. Go take a break here
Speaker 2: it comes to newscast. We got Porky and Eileen, you
Speaker 2: stay right there. We got one line at six one, seven, two, five, four,
Speaker 2: ten thirty and one line at six one seven, nine
Speaker 2: three one, ten thirty. And we're gonna move everybody. We're
Speaker 2: gonna get them all on quickly. It's good. The lineup's
Speaker 2: gonna be. I think it's Eileen dot In Porky and
Speaker 2: we got room for you coming back on nightside