Patrick Bet-David, Tom Ellsworth, Vincent Oshana, and Adam Sosnick break down the shocking pause in U.S.-China tariffs that could shift global markets, surprising developments in a potential peace deal between Russia and Ukraine, and the viral video allegedly showing French President Emmanuel Macron with cocaine.------🇺🇸 THE GULF OF AMERICA COLLECTION: https://bit.ly/3S3CEtT✈️ PBD'S INTERVIEW W/ CURT WELDON & THE ABLE DANGER TEAM - WEDNESDAY, MAY 14TH @ 9AM: https://bit.ly/3F5NNr8🍋 ZEST IT FORWARD: https://bit.ly/4jYg3Lh👕 THE LATEST VT MERCH: https://bit.ly/3BZbD6l📕 PBD'S BOOK "THE ACADEMY": https://bit.ly/41rtEV4📰 VTNEWS.AI: https://bit.ly/3OExClZ🎙️ FOLLOW THE PODCAST ON SPOTIFY: https://bit.ly/4g57zR2🎙️ FOLLOW THE PODCAST ON ITUNES: https://bit.ly/4g1bXAh🎙️ FOLLOW THE PODCAST ON ALL PLATFORMS: https://bit.ly/4eXQl6A📱 CONNECT ON MINNECT: https://bit.ly/4ikyEkC👔 BET-DAVID CONSULTING: https://bit.ly/3ZjWhB7🎓 VALUETAINMENT UNIVERSITY: https://bit.ly/3BfA5Qw📺 JOIN THE CHANNEL: https://bit.ly/4g5C6Or💬 TEXT US: Text “PODCAST” to 310-340-1132 to get the latest updates in real-time!ABOUT US: Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
Chapter 1: What is the recent development in the U.S.-China tariff deal?
But we are against those thugs.
Alright, so, lots going on. tariff deal with china uh 90 day pause so is it a tariff deal is it not a tariff deal did it really happen wall street journal wrote a very interesting article that i want to read to you the bottom two paragraphs of the article how the market reacted and the timing of it before going to the middle east for a four-day trip but when he's going on his four-day trip
While everything is going on, he decides not to stop at one place, which is Israel, and not to go visit Netanyahu after what happened with Mike Walsh. There's just a lot of weird things going on right now we got to talk about. And so that's that part, okay? And then while he goes to visit MBS... They apparently want to give him a gift. This big plane.
He says, I don't care if it's a billion dollar plane, if it's a 400 million dollar plane. I'm saving you tax money. If somebody gives it to you as a gift. And he tells a story of, who was the golfer back in the Sneeds? Sam Sneed. Sam Sneed told you, when somebody gives you the putt, take it.
Take it.
Don't just take it. You're going to piss off your partner. Take it, right? This ain't a putt though. This is Qatar. Well, we're going to talk about that because there's strong opinions there. And then while he shows up, Okay, next. James Carville. Ja, genau. $8 Gas. New study reveals it may come to blue state next year, triggering bipartisan concern.
I want you to take a wild guess in the comment section without ChadGBT in this or Googling this. What state do you think this is, the $8 Gas? I'm actually really curious to know what you think about it. You guys ready for this? What it takes for a family of four to go to Disney World and what it costs. This dad reveals disgusting cost. of Day at Disney World for Family of Four.
We'll talk about it. Emmanuel Macron hiding a Cretan pouch. Ha ha ha!
Ha ha ha!
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Chapter 2: How will the 90-day tariff pause affect the global market and consumer prices?
Sie sagten, es ist der viertgrößte ever. Als sie das Envelope gedreht haben, war es wirklich kalt?
Ich weiß nicht, was es war. Aber der Ball ging immer weiter und weiter. Und ein Magnet. Ja. All of a sudden, that GM ain't gonna be fired. Anyways, all right. So, stories. We're going to start off with the tariff source. But before we go into it, I just want to tell you a couple of things. We got two things I want to share with you. Number one, the lemon campaign has become a massive hit.
This is a gift that gets sent to people who are maybe going through a challenging season right now with a lemon hat. But the whole campaign, the thought is about when life gives you lemons. which a lot of people have had that maybe recently, if you know anybody, it is so amazing because you get to write a message on the inside while you're sending it to someone and it brightens their day.
There's a message I'm giving to the person that's receiving it. I want to read you a couple of notes without the names, but I want you to hear what this is doing. I know things have been rough for you, but I hope this gift puts a smile on your face and some encouragement. You are amazingly talented and I know you will make it through. Hang in there. Love, Ma.
Brother, I know life has been challenging. I want to say I'm proud of you and keeping everything together. Wow. Wow.
Wow.
Shout out to that mom. For those of you guys that just want to go to work and wear something to get reaction from others, we have the new limited edition Golf of America hat. It used to be Golf of Mexico Cross stuff, now it says Golf of America. We have different versions of it. Another one that says Golf of America, Golf of Mexico. On the side it says Future Looks Brighter.
On the back it says Valuetainment. And this one is sick. This is going to fly off the shelves. Golf of America, Valuetainment, Red, White and Blue. This is legit. And then we got the shirts to match the hats. So, go place an order. Anything above $100 shipping and handling is free. But anything you place the order, you will get. Oh, by the way, this goes with the hat. Look at this.
Put this with the hat.
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Chapter 3: Who benefits and who caved in the U.S.-China tariff negotiations?
But the market sentiment is good and it also means that Walmart and others that were holding the prices level and not raising them on the consumer, they're now going to get a little relief on their stock price because their costs won't be going up because they won't pay the tariff that they said they were going to pocket and just say, I'll eat it. and put it out. So this is good for the market.
This was good in the short term. Good for the consumer in the short term. And good for companies that were going to have it. But... I think China caved. I think China caved. I'll tell you why. Because they've been doing little things behind the scenes. Such as, I brought up The one that I finally found people talking about, the chemical that is in plastic that becomes ethylene.
that we talked about, we go, ethene, ethene, I think it's called, and it gets processed, and it makes ethylene, which leads to polyethylene, and that's plastic. And the Chinese dropped the tariff from like 145 to zero, because they said, yeah, we need to make plastic, and they can't get that.
Aside from that, Tom, who caved?
I think... You think China caved? I think, well, I think China caved, but I'll say, I also think that we... Ich glaube, wir haben ein bisschen Strategie dazu gegeben, um allen ein bisschen einen Break zu geben. Okay, Adam, deine Gedanken? Also, wer braucht mehr?
China braucht die Vereinigten Staaten, oder die Vereinigten Staaten brauchen China? Na, wenn du es aus der Business-Perspektive anschaust, In essence, who is the client, who is the customer and who is the buyer and who is the seller?
We buy the majority of our stuff from them.
So they need us more than we need them in terms of import-exports. We're their number one customer. They're selling us stuff. America is in a consumption economy. That's why we all have these trade deficits that you hear. We've got a trade deficit with China and with Canada and Mexico because we're buying a lot of stuff.
So China is probably looking at US being like, dude, they're going to stop buying from us. Didn't they just move all their Apple iPhones? It's going to India. How bad can this get? I don't know. Could it go to Bangladesh? Could it go to Vietnam? I don't know. So on one hand, China has way more control over their people.
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Chapter 4: What are the implications of Trump's executive order on pharmaceutical prices?
So to them, that's my only, again, not in the inside. I don't know what's going on. I don't know what terms are being negotiated. If I have to bank on anybody negotiating on our behalf, it's Trump and his people. I'm very confident with what they're capable of doing. All I'm saying is.
Ich weiß nicht, ob dieser 90-Tage-Tag uns etwas zurücknehmen wird, was Nixon, Clinton und andere in der Vergangenheit getan haben. Ich weiß nicht, ob das passieren wird. Man kann nicht nur den Markt verletzen, dass die richtigen Dinge gemacht wurden. Und ich bin ein Typ, der davon unterstützt ist, wer dieser Typ ist. Ich weiß nur vollständig, du bist 47 Jahre alt, du bist 45 Jahre alt, okay?
Tom, du bist 59 Jahre alt, ich bin 46 Jahre alt. Guess what we got? We got a lot of living to do. And guess what's going to happen in the next 30 years? China ain't going away. I do not want them to get any stronger than they are right now. I don't. I don't trust their... You know, they say you want to test a man's character, give him what?
Money. No, power.
Guess what we learned during COVID with them? They had power. What did they do? We learned about them. You still want to trust their character? I don't trust their character.
So to me...
Das Kicken der Maschine, weil du nur einen guten Mitttermann willst oder du willst, dass Saudi-Arabien in die Mitte geht. Wer gibt diesem Scheiß, was der Markt sagen wird und was die Medien sagen werden? Ich weiß, dass ihr euch nie gedacht hättet, dass ich etwas so sagen werde. Nein, du hast recht. Es gibt zwei Messungen.
Es muss weniger Verleihung an China und Jobs in Amerika sein. That was the stated goal. You listen to the White House. We need jobs in America, American-made products and American-made suppliers, and we need less reliance. Well, we got there a little bit with India, which has been a long time coming, like Apple's been moving toward India for a while. We got some of that.
China's not happy about that. Now we got to get to suppliers in America. Jobs in America and less reliance on China, which means a weaker China. We got to get there. We need all of them. It's not just the market. I hope you're right.
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Chapter 5: How does Big Pharma influence drug prices and patents in the U.S.?
What are you doing here at 12.30? We had a private jet that we were trying to get on a flight to come back from Orlando. What do you call it? Weather hits and we cancel. We rent a used Dodge Ram and a whatever the other Kia was. We get out of the car for three hours. We drive here. We go to a place called Firehouse. We buy Subway. Three hours on the car.
We're just on the phone talking to a bunch of different people. And then we get back here. We'll do a podcast with Georg Janko. We go for two hours. And then boom, I'm on the phone back. Small business owners sacrifice time away. Their 401ks, their savings, their mortgage, the money that they have in the property. China destroyed China. Tens von Tausenden Restaurants in Amerika.
Hunderts von Tausenden Businesses in Amerika und weltweit. Leute, die ihre Kinder nicht sehen konnten. Leute, die ihre Großeltern nicht sehen konnten. Deine Großmutter ist in einem Krankenhaus zu sterben. Du kannst sie nicht sehen, weil es Covid gibt.
Diese Policies in Amerika, die von Leuten wie Fauci und anderen gemacht wurden, und dann, was diese Leute aus China gemacht haben, um die ganze Welt zu zerstören, And you want me to be able to? Now I'm going to hold you accountable to it. And all I'm going to say is, I just want to make sure in the future you never do anything like that again. There's got to be a level of accountability.
You have to have too much power. We can't have you have too much power.
You know how powerful they are? They're still not accountable. And everybody knows it came from there.
Zero accountability. China flu, ladies and gentlemen. I'm not okay with that. But anyways, we'll see. I'll stay skeptical. I'm hoping I'm wrong. I'm hoping I'm wrong and I'm hoping all the trade deals and everything that's being done is done perfectly well. It's going to be great. I just hope I'm wrong. So, next one here. Trump says something very funny. I'll tell you a story.
A friend of mine who's a...
A businessman, very, very, very top guy. Most of you would have heard of him. Highly neurotic, brilliant businessman. Seriously overweight. And he takes the fat shot. And he called me up and he said, President, he used to call me Donald, now he calls me President. So that's nice respect. But he's a rough guy, smart guy. Very successful, very rich.
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Chapter 6: What is the current state of the Democratic Party and its internal conflicts?
It's been 20 seconds. Tell us about the story. What do you think about the actual story? Go back to the tweet. Let me read this while you're giving a historian for us of comedy. Donald Trump, here we go. For many years, the world has wondered why prescription drugs and pharmaceuticals in the U.S. Vielen Dank. were and would be for no reason whatsoever borne by the suckers of America alone.
Campaign contributions can do wonders, but not with me and not with the Republican Party. We are going to do the right thing, something that the Democrats have fought for many years. By the way, this is something that Bernie Sanders would always talk about. But this guy is getting done. Tom, your thoughts on this story?
Can I finish my point?
I'm going to come back to you. Tom, your thoughts on this story?
Well, I've never had syphilis. Watch this. Watch this. Vinny, watch this. Nothing with numbers, Tom.
In two minutes, can we get to the point?
It's a hidden cost nobody ever sees. It's a hidden cost nobody ever sees.
He's right. So you could raise up the prices and then how do the consumers see it? They don't blame the drug companies. They say, Vinny, did you see we have to pay another 15% for our share of the health insurance? I can't believe that.
It's a hidden tax on the back. It's a hidden tax. That's exactly the way to put it. And so what he's doing... Thank you for making us smarter, Tom. Thank you, Tom. But can you tell us three examples of comedy and how to spin it and bring it back? Because I need a little bit more history, Tom.
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Chapter 7: What controversies surround French President Emmanuel Macron and the viral cocaine pouch video?
Tom, if we reduce, let's just kind of spitball here, what happens if we reduce... Wow. Wow.
Wenn Sie jedes 10 Jahre den Patent auslösen, What happens is, I got to run faster cadence. So maybe that's more medical research and more projects, more projects running faster that helps good drugs get invented that help a lot of other things, number one. And also, it's not just that the price will go down for the average consumer on their health insurance.
It will also go down for the federal government on Medicare. Because what is Medicare Part D? It's a special insurance you get. D stands for drugs. It's for if you have a condition, you have a thyroid condition, somebody has to take a special medication that's more expensive. It's not covered fully under Medicare. And they even lobby to make it so that they can't prescribe you the generics.
So they're in the knickers of Medicare like that. And so now you would also make it so that maybe elderly people in Medicare, the US tax dollars would go farther so they could get the thyroid drugs and things that they need. And they wouldn't be reaching into their pocket for Medicare Part D. I love that, Tom.
What a great breakdown.
Thank you for doing that. Brandon, what would you add to that? You know, one of the most unfortunate things about this is that it incentivizes bad behavior. So I worked at a big pharma company. I did global security there for a couple of years. And you know what most resources went into? Lobbying D.C. and trying to extend their patents.
So they had this one drug that made them a multi-billion dollar company. Every last bit of effort and energy went towards tweaking that drug a little bit so they could extend the patent. Everybody was freaked out. Number one concern is extending the patent so that they couldn't change their $100,000 drug per treatment. Per treatment? Yeah.
So this is a rare disease drug that was $100,000 per treatment. It would have been pennies in the dollar if it lost the patent. That's the problem. So they're not putting their energy towards the right things. And by the way, you know who knows this?
Weißt du, wer das Session kennt?
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