The Daily Show: Ears Edition
Trump Tariffs Send Markets Plunging, Penguins Waddling to a Trade War | Scott Glenn
Fri, 04 Apr 2025
Michael Kosta recaps Trump's tariffs fallout, from a stock market crash to cabinet officials taking to the airwaves to cheerlead the move. Plus, Grace Kuhlenschmidt checks in on the penguins who now find themselves in a trade war. Jordan Klepper profiles Brian Glenn: Chief White House Correspondent of Real America's Voice, boyfriend of Marjorie Taylor Greene, and the man famous for asking Zelenskyy, “Why don’t you wear a suit?” in the latest News To Meet Ya! Legendary actor Scott Glenn sits down with Michael Kosta to discuss playing the mysterious Jim Hollinger on HBO’s “The White Lotus.” Glenn talks about turning down the role before falling in love with the hit show, preparing for the rhythm of Thailand by learning Thai martial arts, how Off-Broadway opening night is scarier than skydiving, and why he’s uninspired by the “slash” career mentality in Hollywood. Glenn also advises Kosta on motorcycle safety.See omnystudio.com/listener for privacy information.
Chapter 1: What are Trump's tariffs and how have they affected the markets?
Welcome to The Daily Show.
I'm Michael Kosta. We've got so much to talk about tonight. America is on the operating table. Penguins are marching to a recession. The stock market parties like it's 1929. But the thing everyone's talking about now is Trump's big, beautiful tariffs. So let's get into the latest.
My favorite word. My favorite word.
Tariffs. Yesterday, Donald Trump announced sweeping tariffs across the entire globe. Asia, South America, Narnia, Arendelle, Wakanda, Bachelor Nation. If you can imagine it, Trump slapped a tariff on it. And today, the reviews came in.
Carnage on Wall Street. Markets falling, tumbling.
Stocks plunging down, down, down. The Nasdaq's getting crushed. Small caps are getting crushed. This is a shock to the system.
It is ugly out there. Worse than worst case scenario. Stocks are getting slashed and burned. Two and a half trillion dollars vaporized.
$2.5 trillion vaporized. Your kid's college fund disintegrated. Your 401k given the death penalty. Your pension waterboarded in Guantanamo. Those stocks your nana gave you 20 years ago accidentally stepped on a landmine while vacationing in Vietnam. Economists say we could be on the verge of a recession, so things are looking scary right now. But don't worry.
The only thing the president is better at than negotiating is speaking soothing words of comfort in times of need.
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Chapter 2: What impact do tariffs have on international relations?
I don't know.
Should we view these as permanent...
Again, I think we're going to wait and see how this plays out.
Do you plan on having negotiations before that date?
I just don't know if they're going to be negotiations.
Canada and Mexico notably missing on that chart. Why is that?
I'm not sure.
You know, I have a question. Do you know anything? Why are you out here doing interviews? It's not very reassuring to have the Treasury Secretary of the United States going... You know what? Maybe they can't give us clarification because there isn't clarification. We just assume they have a good reason for imploding the economy because why else would you implode the economy?
But then you uncover something like this and you realize, I'm not sure they even know what they're doing.
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Chapter 3: Why is Trump imposing tariffs on penguins?
Well, Grace Kuhlenschmidt, everybody. When we come back, we discover the next generation of hacks. Don't go away.
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Something unexpected happened after Jeremy Scott confessed to killing Michelle Schofield in Bone Valley Season 1. I just knew him as a kid. Long, silent voices from his past came forward.
And he was just staring at me.
And they had secrets of their own to share.
I'm Gilbert King. I'm the son of Jeremy Lynn Scott.
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Chapter 4: Who is Brian Glenn and why is he notable?
Yes. Now there's a man who knows how to dress appropriately for work. Take notes, Zelinsky. It's right here. Glenn has proved time and time again that good journalism comes down to grit, heart, proximity to horses, and, above all, costumes. I'm kicking these shoes off, but I may keep the pantyhose on. It does feel kind of good, actually. Wow. Wow. What courage. What bravery.
I mean, dressing in drag in Texas. I mean, reporters haven't put their asses on the line like that since Saigon. So, naturally, it was only a matter of time before Glenn was hired by Right Side Broadcasting Network, which is as legitimate as it sounds. And it was there at RSBN where he combined his love of human interest stories with his hate of most of human beings.
Liberal women tend to be some of the ugliest women I've ever seen. And I'm serious. I mean, zero makeup. Well, they are men. Well, they want to be men. They take no pride in their dress, their attire, their makeup, their haircut. Half of them look like men. Hairy armpits, hairy legs. Come on. That is not embracing what it means to be a woman.
Wow. I love hearing about women's looks from a guy whose general vibe is sunburnt divorcee who's no longer allowed at his kids' t-ball games. Yes. You know what? There's something here. There's something right here. People don't want spin. They want reporters to deliver unbiased, fact-based, hard news about which voters they bang.
And it was these hot takes that brought Glenn all the way from the campaign trail to the steps of Air Force One.
A lot of Americans think that this is symbolic of what your campaign was all about. America first. Putting the American people first. Your thoughts on that?
We are. Thank you. I like that question. Boy, I want more questions like that. That's even a statement.
Yeah. Ryan Glenn's questions are so good, they're actually just statements. You know what? It's all a clever setup, like a hunter setting a trap. Butter him up and then hit him hard. Show them how it's done, Brian.
Let's talk about your polling numbers nationally. You're just crushing Biden. It continues to go up. Thoughts on that?
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