The Young Turks Orange Chicken - April 23, 2025
6 snips
Apr 24, 2025 The podcast dives into the financial fallout of Trump's policies, highlighting a 14% decline in the S&P 500 and the risks of recession. It tackles the complicated discussions around tax reforms, particularly a push for higher taxes on millionaires from within his inner circle. The tense Supreme Court case concerning parental rights and LGBTQ education is debated, alongside Uber's legal troubles with the FTC over deceptive practices. Expect witty commentary on these pressing issues and their societal implications!
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Trump's S&P 500 Worst Drop Ever
- Trump's 14% drop in the S&P 500 is the worst for any president since 1957.
- His tariff policies heavily contribute to his low economic approval ratings.
Trump Softens Tariffs Yet Risks Trade Shutdown
- Trump is softening on tariffs, considering lowering from 145% to 50-65% against China.
- Despite this, trade with China may effectively still be shut down due to high rates.
Trump's Fed Firing Threats Flop
- Trump threatened then backed off firing Fed chair Jerome Powell over interest rates.
- Powell resists premature rate cuts due to sticky inflation and economic uncertainty.
