All right, thanks Scott chan An Hour two Sean Hannity Show, eight hundred and ninety four one Sean, if you want to be a part of the program. As we've been discussing all day, the stock market volatility, skiddishness on Wall Street is really nothing new. What's fascinating about this? And Treasury Secretary Scott percent pointed out, well, eighty eight percent of the stock market is owned by the wealthiest ten
percent of Americans. The bottom fifty percent have debt, they have credit card bills, they rent their homes, they have auto loans, and we got to give them some relief.
The distribution of equities across households, the top ten percent of Americans own eighty eight percent of equities, eighty eight percent of the stock market. The next forty percent owns twelve percent of the stock market. The bottom fifty has debt, they have credit card bills, they rent their homes, they have auto loans, and we've got to give them some relief. Summer of twenty twenty four, Americans took more European vacations
than they had in history. Summer of twenty twenty four, more Americans were using food banks than they ever have in history. I went into two food banks near my hometown to ask what's the story, and they said, you know, it really takes for a lot of people. It's a loss of dignity to walk in a food bank. Course, but they were seeing something, a new phenomenon that It wasn't their traditional clientele. Wasn't people who'd lost their homes.
Was it people out on the street. These were working families who could no longer one hundred dollars at the grocery store. That basket of groceries every week. They were missing five, six, seven things and they were coming to the food bank the top up.
It has been very little coverage in terms of how the economy has shown significant signs of improvement. Number one, the price of energy has gone down dramatically now about sixty four to sixty five dollars a barrel. All the egg complaining that we had at the beginning of Trump's term, Yeah, egg prices are down dramatically. I know because I bought some yesterday. The jobs numbers for March were unbelievably incredible.
And with all of this said, it really comes down to a very simple and fundamental ideology and belief system. Now remember Joe Biden liked Donald Trump's twenty eighteen tariffs so much that he not only kept him in place, he increased some of them. Except nobody in the state run legacy media mob really seemed due care at the time. And it comes down to a simple choice. What has evolved over the last fifty years is the entire world
is ripping us off. They have abused American taxpayers for decades, and especially considering we provide for the national defense of the free world, it's pretty insulting that they do that. This is not a concept to understand, and that is Donald Trump is saying, We're open. If you want free and fair trade, you can have it. And countries have the choice that they can have free and fair trade and an access to our.
Markets if they want it.
Now, if they choose to make a decision and put tariffs that hurt our farmers, our ranchers, our manufacturers, our automakers with high tariffs, then they will be getting in return reciprocal tariffs. Demanding fundamental fairness for our country and allowing our people, you know, whatever temporary shock may have taken place here. And I think this is coming to a quick cult. Myself we'll see. I'm not a big
stock market guy Wall Street guy. Frankly, most of the people I knew over the years that worked there not my favorite people.
That'll be very honest.
But you know, but if you look at the old way of doing things, you know, it's like, oh, don't rock the boat. Oh the markets will it's kiddish. Well, Donald Trump was elected to be a disruptor. Now you ask yourself, do you do you feel good about Canada, you know, hurting our dairy farmers, and Canada hurting you know, our ranchers and those that raise chickens and other products?
Do you feel good about Germany putting a ten percent tariff like the entire EU on our automobiles, we charged two point five percent, and then Germany puts on top of that a twenty percent value added tax, which is a national sales tax. That's thirty percent added to the sticker price of any American car. Is at any surprise they sell nearly ten German cars in America to every one car sold in Germany.
Very few American cars.
And if you don't think there's protection is and why do you think ninety four percent of cars in Japan are sold sold, there are Japanese cars, and the same with most countries. Anyway, here to analyze this and where we are with all this is Steve Moore, great to have you back. I do believe. And we learned over the weekend from the Scott Descent and Lutnick and others that over fifty countries now are begging to negotiate free and fair trade deals with America. That was the anticipated
response I had. Is it going to take a little bit of time? Yeah, I don't take a little bit of time. But in the end, Americans are going to demand the respect that I think we frankly deserve, and in the end, they're desire to be in our markets will win the day.
Am I wrong?
No, You're not wrong, Sean. And by the way, you know me, I'm an old fashioned free trader. I believe in the benefits of when two countries voluntarily trade with each other. It's a good thing for both parties. And I've talked to Donald Trump about this and he says, look, I understand the virtues of trade, but what he's shown me that with the numbers, and I wasn't even aware of this. I think you just used the term ripped off. And I don't know if I just that term, but
certainly it is not a level playing field. I mean, some of these countries have terrorists that are three to four times higher than ours are. And I got to tell you, Sean, I've been doing a lot of broadcast on BBC and European radio and TV, and these these hosts come on and they they rate Donald Trump and they say, oh, my gosh, he's starting a trade war. And I say to these people, wait a minute, what are you talking about. You're terrifts in Britain or Germany
or France or Japan or whatever country it is. You're terrists are way higher than ours. Donald Trump didn't start this trade war. You did.
And what they do they say when you say that.
Oh, they run for the day. They won't respond to it. I mean, oh no, Donald Trump is is the tyrant here. And and then I said, look, you want to stop this. And look, I've lost a lot of money in the last week. I think most people listen to the show. You know, you look at your phone on Kate Plans, they're down. Uh So I don't like to see a falling stock market because we all benefit when these are
the market is up. But at the end of the day, what has to happen because there is the path to victory for Donald Trump, for the United States, for American workers, and for the world, and that is what has to happen. Very soon is I think you mentioned how many fifty countries have come to Trump already? Was it fifty?
Yeah, over fifty at this point for fifty Well, but well.
You know who we haven't heard yet? From Germany, France, Spain, Italy, you know the UK. Those presidents and prime ministers have to call up Donald Trump and say, look, we're going to lower our terrorists in the name of fairness. If that happens, everybody's lead better up. And when it happens, I believe it will happen, because you know, Donald Trump knows the art of the dehop better than anybody in
the world. When that happens, that the market is going to spring back to life and we're going to have more jobs and more prosperity than that were before.
I do think I'm really a big fan of Bill Ackman, and at one point today the market had a dramatic wing like in minutes because he was suggesting there might be a ninety day pause. I don't believe there should be a ninety day pause, because that's going to give these countries it's not going to be real to them at that point.
Is now that it's real.
I think we're in a position to negotiate, and I
think this is all one big negotiation. On the other hand, I do think he pointed out one thing that maybe there might be an area for slight adjustment is when the President made his announcement and the White House made their calculations, they did include other things before besides tariffs, And if just to make it simpler and easier, I would focus exclusively on tariffs, and that would include, for example, the one example I keep using is Germany ten percent tariff.
We only have a two point five percent tariff on their products, but they also have a value added tax that's a national sales tax. So that is the equivalent of a thirty percent sticker price increase on an America an automobile being sold in Germany, and they only have two point five percent, So it's got to include that as well. And if they are willing to remove those two obstacles to American goods in their products, and they
cant have free and fair trade. If they want thirty percent on automobiles and they'll get thirty percent on automobiles, keep it simple.
Well, that's right, And as we've been saying that there is no level playing field right now, it's not a fair process. The other thing that I'd like to see Trump do is we've really discovered in the last week or so that China is not a friend of the United States. They're an enemy. They're an adversary. When they said, well, we're going to Trump, you know, increase our terrorists by
thirty five percent, I thought that was outrageous. I think we should probably just decouple our economy entirely at this point with China. And I find it really interesting, Sean that these countries that are supposedly, you know, allies in the United States, and I'm talking about the Europeans and I'm talking about Britain, these other countries.
I'm here talking about Canada, I'm talking about India. Canada in particular has been brutal with their terrorifts against the US. They've done nothing to secure the northern border. They don't pay their fair share with NATO, and they pretty much rely on the United States. If God forbid, somebody attacks them, their go to is going to be our country to defend them and protect them.
That's right. And what I was the point I was also going to make is that if these countries are our allies, and now they're saying, oh, maybe we'll just trade with China, and said the United States, what kind of ally is that?
Let China pay for the national defense, because I don't think that.
I don't think that's going to happen.
Let China, you know, stand with them in their battle and their fear against Vladimir Putin. Good luck with that, good luck with that ideology, because that's not going to end well.
Well, this is a president you know, whether you agree with and look, I have some problems with their policy, but I think in the end of the day Trump will went I would never bet against this guy. But don't forget I think what investors are forgetting. But regardless
about it, you feel about us. Everything else on this guy's agenda, tax cuts, deregulation, pro Americ energy policy, better borders, all of these things, you know, getting rid of the Department of Education, that those hundreds of billions of dollars of savings, these are enormously bullish for the US economy, I really think right now, and I'm not a stock picker, but I'll tell you this, Jean. You know what missus
Moore and I did today. We bought stocks. We love it at these low prices because we think they're a real bargain.
Quick break more with Steve Moore on the other side, as we continue the battle over tariffs and the misunderstanding so many people have about what reciprocal tariffs are. Much more straight ahead, all right, we continue now with economist
Steve Moore's with us. You did point out in your column after an initial shock during Donald Trump's first term when the issue of tariffs came up and a short term, you know, disruption in the market, he left office four years later, and if I'm not mistaken, I think you've said in your column that stocks were up about sixty percent from where they were not a not a bad rate of return.
He'd better believe it. And the Nasdaq was up over under Prisoner more than doubled in four years. I mean, we have a lousy stock market under Biden with a Rojuster for a place, and there were hardly any returns. I mean, this is this is the most pro American business president that we've ever had.
Well, I mean, it's it's pretty simple. But I'm going to tell you. Let me go back to the initial point that I made. And by the way, in spite of what people think in the state run legacy medium mob, the President's approval rating increased four points since he announced
his new tariff policy. But the fact that eighty eight percent of the stock market is owned by the wealthiest ten percent of Americans, Now that doesn't mean that fireman, policeman, teachers' unions, people that I don't want to see lose a penny in the stock market. But when you put money in the stock market, there's an act that I believe is comparable to gambling. You're betting that the market's going to go up, so there's always risk associated with it. But
I don't want to see anybody lose any money. You work too hard for your money. You know, there's a reason why I'm the only thing I never give out financial advice. But there's a reason why a while back, I told my audience what I was doing, and that was I was taking any remaining residual monies that I could take out without any tax implications and putting it in one or two year treasuries at a five percent return.
Now I'm lowering the possibility of having the big, big, you know, Steve Moore return that you're probably going to get as a result of whatever moves you and your wife made today. Right, But it's not my area of expertise. I'd rather take my five percent have wealth preservation. And you know, I'm the tortoise and the hair kind of guy. I'm the tortoise here. I'd rather have wealth preservation than the highs and lows of an unpredictable stock market at times I believe is rigged.
Well, all I would say to that is that when you when you put money into the stock market and you're buying American companies, you're betting on America. And that's you know, the last one hundred years, that's been a really, really good bet.
And so my you bet if you buy property in America, are you still betting on America too?
Well? True, That's absolutely true. All I'm going to tell you, though, is that you know, if you're talking about is you know Albert Einstein said the most powerful force in the universe's compound interest. And you know, you put especially young people. If you're under the age of thirty five or forty, you know, and you're investing for your retirement, you want
that money in the stock market. The market goes up and down, but over the course of time, it goes up by about eight percent per year, and that's a good return. And I think we're going to continue to get that, if not higher, now that we have this pro business, pro investor, pro America president.
What did you make of the wild fluctuations and swings that we watched throughout the day today.
I think everybody wants to see these countries make a deal with Donald Trump. It is in everyone's interest and I'm sitting here watching to see. You know, it's interesting. You know you mentioned fifteen or so countries that have called in that Trump and said, let's make a deal here. We're going to play fairly. I don't think some of the biggest companies. China certainly hasn't. I don't think Britain has. I don't think Germany has. I don't give France, ask
where are they? All they do is bitch about our terrorists when their terrorists are so much higher than ours are.
That's a good point.
We appreciate you, Steve Moore, thank you so much for being one of us eight hundred and ninety four one shot us on number. If you want to be a part of the program, we'll get your calls in comments
straight ahead. I will tell you that there are States Attorney generals that are doing phenomenal work in terms of helping Donald Trump in the administration do Mission impossible, which is to find all the Biden Harris unvetted illegals that were allowed into this country, and that includes known terrorists, and that includes murderers, rapists, other violent criminals, cartel members, gang members, and of course it's it's a very heavy lift because we don't know where everybody is and there
has been an enormous effort, amount of time, energy, resources, you know, put into this issue, which is critical to keep America safe. It just is Christy Nome, by the way, forcing the FEMA director to take a polygraph amid this hunt for leakers, people that are risking ice agents lives by tipping them off ahead of time. Doge's Doge, their border expert, revealed terrifying number of illegals on Medicare and it's just I'm sorry Medicaid and it's just ramping up.
The US has revoked all South Sudan visas, barring future issuance until deportees are accepted. According to a Secretary of State Marco Rubio, you have a Hondurian illegal immigrant indicted on the theft of forty firearms in Tennessee, an illegal immigrant spike in Nike shoe heeis as cartels are robbing you know, certain areas around the world. That's how dangerous
these cartels are. The Trump administration has suspended a lawyer in the case of the Maryland man mistakenly deported for failing to zealously advocate, and Pam Bondi has put faith in ICE as a key source in decision to deport you know, these MS thirteen gang members. Then we have the trend a arragua gang members that Jamie Raskin, as we discussed last week, would like to have brought back to the country. We have in the state of Florida.
James Uthmeyer, the new Attorney General, has done a phenomenal job helping to support President Trump in this effort and this agenda. The South Carolina Attorney General, Alan Wilson, he announced Friday that his office will prosecute Fernandez Cruz and a llegal immigrant from Alsalvador charged with hit and run that led to the death of a twenty one year old University of South Carolina student, Nathaniel Baker. The tragic situation. I mean, your heart's got to go out to these
family members. By the way, this has been a very common way that people die because of illegal immigrants without licenses, intoxicated on drugs, you know, killing people and you barely It's like a blip on the radar. And of course the state run legacy media mob will never talk about it anyway. Here for an update on this is the Attorney General, Allen Wilson, who's been doing a great job in South Carolina.
Sir, how are you glad you called?
Yeah, thank you for having me back on Sean. It's great to be with you. I mean, obviously I can't comment specifically on the facts of this case because it's ongoing, but I will say this, our hearts go out to the Baker family, the friends and family of Nate Baker, who attended the University of South Carolina. And what I can say about this case is really about the defendant in the case. He was here he came here in twenty sixteen as an unaccompanied He was released into the
interior the United States. He was given an order of removal in twenty eighteen, but flew under the radar and was not detected until obviously this incident occurred. He was charged by the City of Columbia Police Department with hit and run resulting in death and several other traffic offenses. He was charged with to include to render aid, failure to yield the right of way, and driving without a license.
The reason we took this case, Sean, is because of our office's broader investigations ongoing investigations into other immigration related matters here in South Carolina that we haven't are not able to talk about publicly. But what I can tell you is this, it has been a night and day response from dealing with the federal agencies here in South Carolina, like ICE and Homeland Security since President Trump came back
into office. The level of collaboration and coordination is unparalleled from any other time that I have been Attorney General in the last fourteen years, and it's going to be incredibly helpful to local law enforcement who want to support President Trump's agenda and removing violent illegal aliens and people who should not be here. So this is this is a good day for America and I'm looking forward to working with the Trump administration.
I think it's great that you're doing it, and I think we really need, you know, people like yourself. And I don't know if you know James Uthmeyer. He's the attorney general of Florida, and he's done the same thing. In other states, attorneys generals are doing the same thing. I think there's now what twenty five or six of you that havejined forces to support the president in this effort to keep towns and cities and stay safe.
No, absolutely, and again in every state. If you talk to each independent, each state attorney general, especially the Republicans, they'll tell you that the ability to work with ICE and HSI is so much better than it used to be. You know, Sean, you covered this. You know, back during the Obama administration and the Biden administrations, they would sue states like Arizona in Texas for passing immigration laws. They tried to prevent South Carolina from enforcing its own immigration laws.
They're going out of their way to make it harder for us to basically protect our citizenry, and now with the Trump administration in place, we have the two was in place, the resources and the support that we desperately need from our federal partners to go after MS thirteen. Trendy Aragua I was at the southern border last August. They told us at that time that Trendy I Ragua
had not yet made it to South Carolina. But as of this winter, they're now here in South Carolina, and that is because of the policies of the Biden administration. They're here. We've got local law enforcement that I've been in communication with, you know, Shan. The two eighty seven G program is a program that allows local law enforcement to be deputized to carry out ICE functions. When Biden was president, no law enforcement could sign up for it.
It was too cumbersome and they didn't have the support of the federal government. I've talked to literally or nearly every single law enforcement official in this state that's in a leadership role, and they are lining up to sign up to support the two eighty seven G program, which allow them to support federal enforcement measures under ICE. This would never have happened under Joe Biden.
Well never, of course, not I mean, just the opposite happened. As far as I'm concerned. They were aiding and a betting in the law breaking the entire time, and I blame them for Frankly, I think they have blood on their hands for every American that was murdered and raped in a victim of violent crime.
You're one hundred percent right. And again, the policies of the Biden administration incentivized not only illegal immigration, but it incentivized the COVID operations by MS thirteen, Trendy Arragua, Chinese nationals and other terrorist proxy organizations who came in under cover of night and under the deluge. The tens of millions of illegals that came in here. Some are harmless, they're here illegally, but they're not here to do anything
horrible to American people. But it's all the bad guys that are coming in here who want to undermine this country and want to cause this harm that is what has AG's like me very concerned.
Yeah, it definitely does well. Keep us up up to speed and in the loop. We really appreciate you, Ag Wilson, South Carolina. You're doing a great job, and we really appreciate.
You being with us.
Thank you, sir, Thank you. Sean eight hundred and ninety four one. Shawn is a number if you want to be a part of the program. Uh, let's go to our busy phones. Uh let's say hi to Tom. He's in the great state of Rhode Island. Tom, how are you glad you joined us? I lived five years in that great state. My favorite clam chowder in the world is the Black Pearl. I'm sure you probably have been there.
Yes, I have, and you told me that before. I did. Not forget it. I trying to get my wife, trying to bring my wife there one of these days. But we'll get that. We'll get that. Uh. So I'm going to tell you why Donald Trump won the last election, and the reason when the elections one of the last election, all the Democrats should be paying attention to. What I'm saying is because God never sleeps, He never adam, he never.
Know, He doesn't sleep God.
It's kind of hard for the human mind to wrap around you know, who sent me? Tell them I am sent me, and that kind of in that statement, you know, always was, always has been, always will be. And you know, for mankind to wrap its mind around the eye. Idea of a being that superior maybe a little bit difficult until you really just open your eyes a little bit. The thing that separates man from animals is this ability to know and have an awareness and a consciousness that
we're here. But yet I don't think we were designed to understand all the mysteries of the universe or fully the mystery of God, which is where the issue of faith comes in. I won't turn this into a religious talk, but it is pretty amazing the majesty of universes within universes within universes, and the idea that that could have randomly happened is absurd to me.
Well, I'm not overly religious, but my wife and I go to church every Sunday. I'm thankful for everything I have. And God never sleeps. And people like Pelosi, people like Schuma, people like Adam Ship, people like Eric Slolwell, God never sleeps.
Yeah, never does.
And you know, I do believe that God does have his hand on the events of mankind. And you know, then the question is why the bad things had to call her recently? Why the bad things happen to good people? That's not that's a that's not God being good, and I'm like, you're trying to judge God and understand the
mind of God. The whole story of human existence is a battle between good and evil and free to free will that we have and we make choices, and I think ultimately, you know, if you make the right choice and you make the right commitments, that I do believe that there is something far greater than anything we know or can experience here on this earth.
The the thing I want to ask you is, can you give me a word of the day, because I'm going to be jumping out a plane to go to Europe and I'm not gonna.
Yeah, I mentioned it. If the word of the day today is Hannity. Over the weekend it was Sean. You just go to Hannity dot com. You click on the Tesla contest icon. You now, we only have a few more days left. You can register once a day every day, and we, I guess next week will be able to make an announcement or sometime thereafter make an announcement about who the winner is. And I'm going to buy the Tesla of the of somebody's choice and look forward to
doing so. It's a great honor to be able to do it and it's the greatest car I've ever driven. It is it is unbelievable. The technology self driving, I mean, that's incredible technology. Let's say you park your car far away, you don't feel like walk into your car. You can summon your car to un part to drive it directly to you, in other words, back out of its parking spot with no driver and slowly pull up right to wherever you are, and then you get in your car.
How cool is that that?
That's incredible. I'm looking forward getting one someday, but I just can't do it right now. Thanks for taking my call.
Well, hopefully you win.
I mean, We're gonna have one lucky winner, and I'm looking forward to announcing it anyway. Hannity dot Com Word of the Day today is Hannity. All right, quick break right back to our busy phones toll free our numbers eight hundred and nine four one sean if you want to be a part of the program as we continue our Tesla contest.
Hannity dot Com.
Today's word of the day is Hannity and you can register once a day every day through April the eleventh, and we will pick our grand prize winner. The Tesla of your choice. As we continue, let's get to our busy phones. Eight hundred and ninety four one Sean, if you want to be with us, Missouri Jeremy Next Sean Hannity Show.
Hey Sean, how are you doing today?
I'm good. What's going on?
Well, I've got a few comments. I know a lot of people have been kind of worried about the whole TARFF thing. I think it's really great. I think Trump bringing the businesses back to the country, the manufacturing businesses, I think it's fantastic. We need good, more, good paying jobs for full time and benefits, to bring the upper class backward belongs. Get some of these people off Social Security and Medicaid, you know, put them back to work.
I think it's a man a wonderful thing. And then on top of that, people complaining about some of these jobs being union like the autoworkers. I myself am a union worker, and I can tell you the benefits are amazing.
You know.
I made this point earlier today, and Scott Bessett made the point eighty eight percent of the stock market is owned by the wealthiest ten percent of Americans. Okay, Now that doesn't mean that people working men and women don't have money in the stock market connected to it in some way. It's never been my big indicator, and I've said it during democratic administrations Republican administrations. You know, what
you have is a shock to the system. And the Prime Minister of Great Britain actually now that globalism's over under Donald Trump and the idea that we are going to be ripped off and allow institutionalized you know, stupidity to reign forever just because that's the way it's been for decades, and not take a stand against countries taken
advantage of us. Well, now we're going to help out ranchers, and we're going to help out automatic manufacturers, and we're going to help out farmers and other manufacturing in this country and create high paying career job and bring in house the production of things that we cannot be dependent on, from pharmaceuticals to semiconductors. It just is long term. It's a smart play. The stock market will rebount, and I promise you just everybody needs to just take a deep
breath and calm down. The people that I know that are freaking out. The most of the people that live and die by the stock market. My friend's on Wall Street. I've never been a fan of the stock market. I've said it many, many times, and I've been warning people for a long time that a correction is overdue.
And you know, Linda, how long ago.
I tell people, if I was you, if you can put it in five percent treasury is a pretty darn good return, and it protects your money. You're not going to lose anything anyway. I appreciate the call. I've said it a lot, right and I don't give out financial advice. I say what I'm doing. I tell people what I do. With that said, I know it's a lot of pain for a lot of people in the short term, but
let's see how this all plays out. I want to see whether I want to see where the ac to me is a year from now, in a year and a half from now, before the twenty six elections, because if it's where I think it's going to be, and the price of oil is down dramatically, and the price of eggs is down dramatically, and we had a great jobs report last week, and if you look at you know, hopefully.
Interest rates coming down, I think people are going.
To have a far better view of the economy than those on panicking on television every second of every day or saying I'll be put it this way.
I'm not worried about it at all. I really am not.
I think long term it's a great play and a smart move in America has got a correct itself