Patrick Bet-David, Adam Sosick, Tom Ellsworth and Vincent Oshana cover the S&P 500 dropping as Trump hints at a recession, Tucker Carlson calling out Tom Cotton over the JFK files release, Stephen A Smith getting confronted by LeBron James, and Mark Carney replacing Justin Trudeau!-----📕 CELEBRATE NATIONAL READING MONTH: https://bit.ly/43xPwPI👕 GET 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💬 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 are the highlights of episode 559?
Okay, so we are officially live, episode 559. Gang, this is a new set. We got an upgrade. We're at this new set we got here at this house somewhere off-site. And for those of you that want to see what happened this morning, okay, Adam slept at this house. The crew's been setting up. And guess who was late for set-up this morning? His room is behind this wall right here, okay?
If you want to see the clip on Adam, Waking up late to be here. We've been here already waiting for him. Go to Manac, download the app, and join the PBD Podcast Circle. Let me give a quick shout-out to some of the guys that are members already there. A bunch of guys are responding in the back. Kim Smith, Roque Irwin, Vincent Dillman. I'm not going to get all of you.
Jim Kaiser, Sean Oganessian, Steve Krujinski, teak becky and maura lardieri we got a bunch of guys mickey sausage deangelis what a great name anyways go join the circle of pbd podcast we communicate throughout the day and a week on the stories we want to talk about anyways let's get into some of the stories that we got here trump and thomas massey we you know we'll talk about that it's
Trump is not happy with Thomas Massey for not approving it. Thomas Massey responds back with a tweet. There's a ton of people supporting Massey, and there's a ton of people that are saying Massey's getting in the way. We'll give our thoughts on that, on what's going on there. Representative Al Green blames discrimination for being censored after disrupting the Trump speech.
We'll have that for you as well. Freer of Trump has elite law firms in retreat. Law firms are afraid. Has to do a little bit with Soros. Hang tight. We'll come to it. That's a WSJ story. Trump sends letter to Iran on nuclear program. Make a deal or face U.S. military. We'll see what that means and if that threat works. When it comes down to tariffs, guys, there's a lot of stories on tariffs. A lot.
China, Mexico. China put a 100% tariff on certain products on Canada, which is kind of weird. Tom's got some thoughts on that. And then Commerce Secretary Lutnick emphatically shoots down recession concerns. There's a lot of people talking about potential recessions, especially yesterday after Dow lost, was it 900 points in a daytime? Was it Dow?
And apparently Tesla, there's a story of Tesla losing. Is that the accurate number, $700 billion evaluation, or is that just from the market? That's cumulative. Yeah. A cumulative $700 billion of gains lost. Tesla stock nosedives since the victory. We'll talk about what that really means there. Then we have Democratic frontrunner for 2020. It goes after his own party.
Guess who they're talking about? L.A. Times. Mayor Karen Bass. Tell me if you're surprised by this. is deleting text messages. She is deleting her text messages. Guess who reported on that story? LA Times. Guess who typically defends everything the left does? LA Times. LA Times is even done with their own mayor. American sympathies for Israelis fall to record low. Paul Fiennes.
We have Adam here to give us an update on what's going on over there. Hundreds of minorities, including Christians, killed in Syria. When you see these stories devastating, And this happening in a place where a lot of me and Vinny's family, Assyrians, came from, which we'll discuss that as well here in a minute. U.S. makes fresh push for World Bank to back nuclear power. U.S.
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Chapter 2: Why did the S&P 500 drop significantly?
And I think the bounce back is going to be as fast as we've seen here because it's driven by sentiment.
You think Trump is going to change his tune? Or at what point would Trump maybe pivot on these tariffs if the economy actually starts getting worse?
If the markets start getting worse? Or is he all in on this? I hope he does not. I hope he does not. Explain why. I hope he stays. Yep. Let me tell you why. Because, so you know, when it comes down to Iran, everybody asks me and says, hey, do you think Iran's going to go back to being a democracy? I said, you guys got close in 2020.
If Trump would have had his two terms back to back, Iran would have had... Some kind of a change because the pain of sanctions was so bad that the people wanted to change. And if that meant getting rid of whoever they had, they were willing to do it. Right. Biden comes in. Boom. Pain goes away. And now they're like, no, let's just go back to our regular life. We're going to be OK. Right.
So now tariffs. we're probably only going to have this chance to have somebody this crazy and unpredictable to be able to push the envelope for tariffs to get everything on level playing field. If he doesn't do it, it's probably never going to happen during our lifetime.
I agree.
Because think about what presidential candidate is going to come in that has the team that he has who can push. I hope they push as far as they can to get everyone checked into. Like, look at this Scheinbaum, what she says. Just listen to this phrase of Bloomberg's story. This is the president of Mexico. Look at the story. Scheinbaum says she sees Mexico avoiding reciprocal tariffs. Wait, what?
Do you know what that means to me? Here's what it means to me.
I don't have to change.
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Chapter 3: What is the controversy surrounding Tesla's stock value?
I think he said at one point, instead of taxing our own citizens to enrich foreign nations, we should tax and tariff other nations to enrich our citizens. So what Trump is doing, you remember the time when he was sitting with Chuck Schumer? You asked him about this. You said this was your favorite point of his presidency when you said it was like a real-life vlog.
He's like, I'll take the shutdown of the government, Chuck. Okay, Nancy, what Trump is doing is literally saying, I'll put on the tariff Superman cape. I'll be the bad guy. I'll deal with the markets going down and saying, I'll take the blame because the rest of you motherfuckers are just going to kick the can down the road. I'll make the economy better. I'll make us better again.
I'll make us wealthy again. Because the rest of you won't do it, so we've got to do the tariffs now.
Yeah, most people cannot handle what they can handle, the amount of pain Trump can handle. I will tell you this. If I'm Trump, and if anybody from Trump's camp watches this, you guys like charts. Let me give you one of the best charts to show for. Go pull up military expenditure on Mexico and Canada versus ours.
We spend 3.4% of our taxpayers' money on military to provide safety of where we are, right? And who's our neighbors? Mexico and Canada. Great. Canada spends 1.1. Mexico spends 0.7. 0.7 is 2.7 less than we do on our military expenditure. That 2.7 should be paid as a form of a tariff to U.S. We're providing protection for you. Why don't you go spend that money out of the money that you make?
You ought to do that. Why should I pay for protection knowing nobody wants to mess with Mexico because you're my neighbor? I'm not okay with that. I think there's so many ways they can work this Mexico and Canada relationship, but I think that chart needs to be given to them for them to see it. Okay, next story to get into is Trump sends a letter to Iran
on nuclear program, make a deal or face U.S. militarily. Rob, if you got this clip here, this is the negotiation with Iran on the nuclear program. Here's Trump. Go for it, Rob.
I hope that Iran, and I've written him a letter saying, I hope you're going to negotiate because if we have to go in militarily, it's going to be a terrible thing for them.
You wrote a letter to the Khomeini?
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Chapter 4: How are tariffs affecting the global economy?
You are like the spirit animal of that administration.
No, no, no. But it's a fair – look, it's a fair question. It's a totally fair question. And the answer is I hadn't thought to do that. And there's a lot going on. And I've been –
And again, and this is going for all... Hold up Tom Cotton, so we know Tom Cotton.
Tom Cotton's got some splaining to do.
Remember Lucy? By the way, I've been a fan of Tom Cotton, just like Josh Hawley, like all these guys. They're speaking up. They're talking for us. But this is the problem when it comes to people like me that have been supporting this movement for almost, you know, over eight and a half, almost nine years. We're going on it. That we were made promises, okay? We were made promises.
And this is to be... And I know...
the last podcast we had where andrew tate was like yeah well this is just what they but no no no it's not about that this is about i mean epstein number one but jfk2 why is tom khan if this is true holding it back what what everybody that was involved is dead are they who are you protecting because at the end of it if you're holding it back you don't want me the american taxpayer to know as a
Who murdered our sitting president? Because 9-11 was one of the worst. I think murdering the sitting president and all the people involved, they're protecting somebody or a group that's still around right now. Same thing with Epstein. And this is the type of crap that pisses me the hell off because we were made promises. Now we're just sitting. I just posted another tweet today, Pat.
We're on day 11. Of business days. I'm not counting the weekends because Tom, you know, let me know. Just count the Mondays through Fridays. It's day 11 and counting. We were promised Epstein. We were promised JFK. We were promised 9-11 and nothing. Haven't heard anything. I think Cash arrested two people that were doing some nefarious stuff. What is the deal? What's happening?
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Chapter 5: What is Trump's stance on the Iran nuclear program?
Do you think somebody from Trump's camp could sell RFK for saying, you'll be the one to know the truth, we'll show it to you, but you can't ever tell anybody? Probably. You think he'd be okay with that? Or you think he would want the world to know what happened?
I think he's a crusader. I think RFK Jr. feels to me like a true crusader. Which means what? I don't think he could be bought like that.
No, what I'm saying is, do you think to him it's important that only he finds out? for his own reasoning to be resolved, or do you think he wants the world to find out? I think he wants the world to find out. Okay, so if he wants the world to find out, then I think the Kennedy stuff's going to come out because he's got a heavy-duty job position. So that has to come out.
The Epstein stuff, I don't know if the Epstein stuff's going to come out the way you're thinking it's going to.
I agree. Well, why is he calling out Tom Cotton for a very specific reason? Tom is the... chairman of the senate intelligence committee it's a pretty high up position so i think he enlisted in the army after 9 11 i think you want to say he's maybe in his early 40s he's a pretty stoic straightforward guy if you've ever heard him this is the first time i've heard anything bad about yeah
He's not sort of like bombastic and out there like a Josh Hawley.
And I like Hawley.
Yeah, I love him. So Tom Cotton, very stoic. By the way, he does interviews on Meet the Press, on MSNBC all the time, pushing back against Kristen Welker. He'll get out there. So I'm going to take Tom Cotton at his word that he actually has been communicating with Tucker. Tucker knows how to stir the pot a little bit.
I've never heard Tom Cotton's name in relation to these types of things, whether it's 9-11, whether it's the Epstein, whether it's RFK, whether it's JFK, whatever it is. What I know about Tom Cotton, he's been a staunch advocate for Trump. super hawkish on China. I think he wrote a book called Seven Things You Can't Say About China, something to that effect. He's all about banning TikTok.
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Chapter 6: Why is the JFK files release being delayed?
Okay, so that's your number one.
That's my number one. Number one was secrets. All the secrets I wanted and we were promised. Two, border security. And three? Three, DEI, BLM, all that racist bullshit.
So by the way, guys, if you're watching this, can you put it in the PBD Podcast circle if you got it? I know we have guys that are commenting. Thomas DeVito commented on... Biden touching Melania's back. Jarrah Hitchens has commented there as well. Can you guys comment here on what your three were? I'm curious.
In the circle, if you haven't downloaded it yet, go download the app, join the PBD Podcast circle. We're involved here communication-wise. So when you think about this, this is where I'm going with this. Where I'm going with this is if I am Trump's camp, And if we ever ran the White House, and if we were ever presidents, you know what division of ours would be the biggest one?
We would have a team of 50 business analysts, data analysts. I mean, we would be, look, our biggest budget, I would pay myself to have a lot of data analysts, right? And I would ask myself, how many people are like Vinny? Tom, what percentage of people do you think exactly what I figured it was? Look at that. It's only 10% of people that are like you, Vinny. That's the part. It's only 10%.
Look at that. Look at border, woke, economy. 28% is the economy, 29% is the woke, and border is 33, okay? So when you look at some, that's how many voters? 2,300 voters? Okay, and that's our audience that we're talking about. So that's qualified audience that were polling this because they wanted this, right? So you're looking at where the numbers are at, where people are at.
Okay, so if that's the case, And no one has ever been able to become president and hit 100% of all the issues. If they fumble this one, they're like, well, we missed this one. We didn't hit it. They're going to lose a guy like you, okay, when that happens. But they got to see what's more important to them today. Can you go back to the one that you had, Rob, by the way?
Can you go back to the poll that you just had? Oh. I just ended the poll, but I did.
I can give you the results. So in total, securing the border, 33%. That's in first place. Second place, battling the woke agenda at 28%. In third place, making the economy great again, 27%. And in 10%, the transparency.
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Chapter 7: What is the status of the Epstein files release?
Because we were crazy warriors and we were fighting.
No, because the caliphate came in and said, get out or you will die or pay the jizya tax or you're infidels. Because, and it's not all Muslims, I have great Muslim friends, but even if it's 1%, which is more, of 2 billion people, that's 20 million people who are willing to die and sacrifice their lives to kill you. Do we have any of the videos of Syria?
I do have this video. Yeah, I don't know if we can show that for you. How graphic is this one? But this is an unidentified Assyrian Christian talking about how the media is not reporting on what is going on, that there are people going through and killing women and children in the region.
Jokes for being Christian.
kill the truth now because i don't i don't want anyone to see my my face because if they see me they will kill me i'm from syria i live now in the city of latakia please please please the media is not showing you anything the terrorists are killing everyone children women teenagers old people just killing there is more than a hundred body in my there is more than a hundred body
In my village now, even in the city, they are just taking the children and the women and kill them. I don't know what to do with my mom and my two sisters. Please, you got to help us. Nobody's talking anything about it. Not the social media or the TV channels. They are all hiding the truth. They are saying that they are killing the resistance, but this is end up two days ago.
Please, you gotta help us. They have been killing people since two days until now. Hundreds and hundreds and hundreds of bodies are thrown in the street, in the villages, and in the city of Syria. We are not allowed to go out of the house. They just come to the houses, take the people, kill them outside of the house, and take all the phones so nobody record or do anything.
Please, you gotta help us. I have to... I have to... I have two sisters. I don't know what to do with them. It's okay for me if I die, but not for my two sisters or my mom. One of them is a teenager. Please, you got to help us. Nobody's talking anything about it. Human rights, United Nations, anyone, America, anyone, anyone, just please help us.
Rob, what are the clips you have that we can show? This is heartbreaking to listen to.
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Chapter 8: How is US public sentiment shifting regarding Israel?
Very excited. I don't know.
Is this a guy? That's a guy.
I was like, oh, maybe I'm not going to do as good as triple, but... I'm glad that I performed pretty well, and I'm just excited.
You know what this is, Beth? This is, besides the insanity part of it, besides the insanity, these dudes are just lazy pieces of you-know-what. Because you cannot compete against other men.
Let me ask you a question. That person, she's in high school.
You mean he?
Well, he's in high school. How much of him behaving that way is his parents, how much of it is him?
I think a lot of it comes to either trauma or something happened in his life where they didn't deal with the actual problem that was going on.
What percentage you put on the parents?
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