April 28, 2025 • 9 mins
"America's Money Answers Man" Jordan Goodman joined Todd Walker on the Monday edition of "Lima's Morning News" to discuss the latest issues effecting the economy.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
I'm the check in with Jordan Goodman. He is America's
money answers man, and of course the top of mine nowadays,
or the tariff talks, the trade talks, the trade war,
whatever you want to call it. Things seem to be
morphing by the day or by the hour. Jordan. But
this past week or past few days seems to be
(00:22):
a little bit more optimism on how this might be
working out, or how it might eventually work out. Is
that fair?
Speaker 2 (00:30):
I think the market certainly took it that way. The
Treasure Secretary Bessel kind of said, we're going to get
these things done. They're apparently talking about lowering tariffs with China,
which are at these ridiculously high one hundred and forty
five hundred and twenty five percent pass which is in
effect an embargo on both sides. I mean, it just
doesn't make economic sense to trade either direction with those
(00:51):
kind of tariffs, So bring those down. Like one hundred
and thirty countries are lining up to offer deals in Washington.
I think Japan, Korea maybe they're going to be the
first ones to have deal. Apparently there have been some
written proposals back and forth too. They put this kind
of artificial ninety day deadline one through early July. No,
(01:15):
doesn't happened that fast, Like it takes months or years
to do trade agreements, not ninety days to do one
hundred and thirty at once. But because of the tariffs,
people have come to the table and offering lower tariffs
and lower tariff barriers and all kinds of things. So
we'll have to see. Right now, we're kind of in
suspense as to how it's all going to work out. Yeah.
Speaker 1 (01:36):
I think the one thing that's interesting about the way
Donald Trump does things, from my observations, is he he
does seem to be able to come off what appeared
to be an intractable position and still save face. He
has a remarkable ability to do that, and I think
that's a positive in this case Jordan. In other words,
(01:57):
he can be flexible, even though he doesn't seem like
he's flexible.
Speaker 2 (02:01):
I think he even said this week, I can be flexible,
but I don't change my mind.
Speaker 1 (02:08):
That's a classic Trump line. I didn't hear that one.
That's yeah, that's right. I was just thinking it's like
it's not over till it's over or something, but something
like that.
Speaker 2 (02:18):
Right, Well, but I mean, the markets are clearly captivated
by this one way or the other. But it looks
like we're going to make progress, the markets go up sharply.
It looks like we're not going to make progress, then
markets go down sharply. So this is clearly what everybody's
focusing on these days, rightfully.
Speaker 1 (02:35):
So Jordan Goodman is with us. If you want to
reach out to Jordan, email is a good way to
do it. That's Jordan at Money Answers dot Com. Another
area where Trump has railed and then maybe recoiled a
little bit is his wish to get a new FED chairman.
He's come out and said he's not going to fire
Jerome Powell, although I think clearly when his term is
(02:57):
up next year, that relationship maybe too far out of last.
Speaker 2 (03:03):
He's not going to reappoint right, Oh that's for sure.
But at least not firing him for the yes next
year is progress, okay, because earlier he was saying he's
got to go and he's a big loser, and you
know I wanted to cut interest rates. I mean, this
is exactly what you're not supposed to do with this.
Feders are supposed to have independence, and he's been threatening
that left and right, and when the markets reacted very
(03:24):
negatively to that, he kind of backed off and said,
all right, well, I wait a year and put his
own person in there. The FED chairman is in a
very difficult situation right now because inflation's been coming down.
They're making progress. The latest numbers were like two point
four percent, so that was really quite good. But you've
got these tariffs coming in which you are of unknown
(03:44):
quantity and duration that clearly are going to raise prices.
It's already happening. People are getting a tariff, excise tax
or you know, an additional fee for tariffs, and that's
going to cause inflation. So they can't He's up on
interest rates when a lot of potential inflation seeming to
come right at them. So that's the position the Fed's
in right now.
Speaker 1 (04:05):
Yeah, and the Fed Chairman's independence is always something that
they throw out there. He seems to be more independent
when you know Trump is in there than when the
Democrats are in there. But that's a discussion for another time.
Retail sales, I think, kind of playing off what you
were just talking about, some folks are trying to beat
tariff increases on certain things the most, notably automobiles, right,
(04:29):
a lot of things.
Speaker 2 (04:30):
Yeah, they're they're stocking up and if they were thinking
of buying a car, they're jumping to the dealership now,
and farm equipment and all kinds of things because I mean,
a car could go up twelve thousand dollars or more
after the task come in because the input costs like
stealing aluminum, you know, are already twenty So yeah, it's
(04:52):
causing a mini boom at the moment of the car
dealership before the bus come. The car dealerships are enjoying
it now they know it's not going to last once
the tabs.
Speaker 1 (05:01):
Come In Jordan, what are we seeing with gold and
our old friend bitcoin. A lot of people, you would think,
and this climate would be looking for somewhere to kind
of hide out their money. That's the more stable. How
are those doing extremely well?
Speaker 2 (05:18):
Gold went over thirty five hundred dollars anounced for the
first time last week. People piling into it, both individuals,
central banks, just all of the world. People see it
as a safe haven. So gold has gone up a lot,
will continue to go up. Bitcoin kind of dip down
into the low eighties eighty thousand, but now we've been
(05:39):
bounded into the mid ninety thousand, so that's had a
bit of a rebound as well. It's not as stable
as gold, but both of them. People are looking for
a safe haven in these very uncharted warders, and normally
you'd think they'd go into treasure bonds as well, but
that's not been happening because treasure bond yields have been
rising and a lot of foreigners are so selling dollars.
(06:00):
The dollar has been falling, so the Tragy bombs do
not seem as secure as they had been in the past.
Speaker 1 (06:05):
Yeah, and this idea of the dollar falling and the
d dollarization that's happening out there Jordan, I think a
lot of people are worried that could cause the dollar
to not be the benchmark currency anymore. Some folks are
really worried about that aspect of what's going on right.
Speaker 2 (06:24):
Well, that's not really really alternative available, but the dollar
is the fat the world reserve currency. Most trading is
done in dollars. But there's this whole movement by a
lot of the major countries China, Russia, India, Brazil, that
so called bricks countries to come up with an alternative
(06:44):
to the dollar, and as the dollar has been falling,
people want to get out of it even more so.
It's hard to imagine a d dollarized world, but a
lot of countries are certainly trying to move that direction.
Speaker 1 (06:57):
Jordan. Let's talk about Harvard and Trump administration was holding
their federal funding and now looking to revoke their tax
exempt status because of their pro Hamas demonstrations. They refuse
to police on campus, harassing Jewish students. They couldn't even
go to lunch without some whack jobs cutting them off.
(07:19):
How's this going to turn out?
Speaker 2 (07:21):
This is a big controversy because basically Harvard is fighting
back on First Amendment grants. It's saying, you can't tell
us administration how to run our university and what we
teach and all those kind of things, what we hire,
who we admit, that's our First Amendment rights to do that.
And Trump is saying these are federal moneies and if
(07:43):
you don't do what we want, we're going to cut
them off, and he has in fact cut them on.
I think it's about two point two billion, and there's
a total of about nine billion when you count Harvard
Medical School and all kinds of other research that they're doing.
Harvard is fighting back. A lot of other schools have folded. Columbia,
for example, they with Who's held four hundred million and
Plumby basically said, I We'll do whatever you want and
(08:05):
they brought it back. So if Harvard loses, Trump is
going to run all the universities on everything else because
nobody else will will fight back if Harvard loses.
Speaker 1 (08:17):
Well, it's amazing how they think it's free speech when
they are clearly violating parts of the Civil Rights Act.
I mean, it's plain as the nose on your face.
It has nothing to do with a free speech. So
hopefully they do lose. Speaking of losing, Google is again
facing the accusation and this has been ongoing Jordan read.
People feel that they have a monopoly and online advertising
(08:40):
and this is separate from the meta thing that's going on.
How do you think that with Google is going to
work out?
Speaker 2 (08:46):
Well? Both of them. These are the two big tech
giants that do have monopolistic control of the advertising market.
The way Google controls what ads get in and who
they get given to and made it the same thing.
I mean, the meta Facebook trial has been just started.
The case has been going on for about five years,
and it's going to be down to one federal judge.
(09:07):
In fact, it's the same judge Bosberg who's overseeing the
deportation of the Maryland guy to Salvador. The judge is
also going to decide Facebook's fate as well. I think
the government's got a pretty good case. And in the
case of Facebook, they would make them divest Instagram and
(09:29):
WhatsApp because they think it's too monopolistic. In the case
of Google, they might have them divest some of the
technology that they use to control the ad market. So
we'll see. You never know how these are going to
come out, but they're certainly going after the big tech companies.
Speaker 1 (09:44):
That's Jordan good Money's America's Money Answers Man. The website
is Money answers dot com coincidentally, Jordan, thanks for checking in,
all right, Thank you, Todd
I'm the check in with Jordan Goodman. He is America's
money answers man, and of course the top of mine nowadays,
or the tariff talks, the trade talks, the trade war,
whatever you want to call it. Things seem to be
morphing by the day or by the hour. Jordan. But
this past week or past few days seems to be
(00:22):
a little bit more optimism on how this might be
working out, or how it might eventually work out. Is
that fair?
Speaker 2 (00:30):
I think the market certainly took it that way. The
Treasure Secretary Bessel kind of said, we're going to get
these things done. They're apparently talking about lowering tariffs with China,
which are at these ridiculously high one hundred and forty
five hundred and twenty five percent pass which is in
effect an embargo on both sides. I mean, it just
doesn't make economic sense to trade either direction with those
(00:51):
kind of tariffs, So bring those down. Like one hundred
and thirty countries are lining up to offer deals in Washington.
I think Japan, Korea maybe they're going to be the
first ones to have deal. Apparently there have been some
written proposals back and forth too. They put this kind
of artificial ninety day deadline one through early July. No,
(01:15):
doesn't happened that fast, Like it takes months or years
to do trade agreements, not ninety days to do one
hundred and thirty at once. But because of the tariffs,
people have come to the table and offering lower tariffs
and lower tariff barriers and all kinds of things. So
we'll have to see. Right now, we're kind of in
suspense as to how it's all going to work out. Yeah.
Speaker 1 (01:36):
I think the one thing that's interesting about the way
Donald Trump does things, from my observations, is he he
does seem to be able to come off what appeared
to be an intractable position and still save face. He
has a remarkable ability to do that, and I think
that's a positive in this case Jordan. In other words,
(01:57):
he can be flexible, even though he doesn't seem like
he's flexible.
Speaker 2 (02:01):
I think he even said this week, I can be flexible,
but I don't change my mind.
Speaker 1 (02:08):
That's a classic Trump line. I didn't hear that one.
That's yeah, that's right. I was just thinking it's like
it's not over till it's over or something, but something
like that.
Speaker 2 (02:18):
Right, Well, but I mean, the markets are clearly captivated
by this one way or the other. But it looks
like we're going to make progress, the markets go up sharply.
It looks like we're not going to make progress, then
markets go down sharply. So this is clearly what everybody's
focusing on these days, rightfully.
Speaker 1 (02:35):
So Jordan Goodman is with us. If you want to
reach out to Jordan, email is a good way to
do it. That's Jordan at Money Answers dot Com. Another
area where Trump has railed and then maybe recoiled a
little bit is his wish to get a new FED chairman.
He's come out and said he's not going to fire
Jerome Powell, although I think clearly when his term is
(02:57):
up next year, that relationship maybe too far out of last.
Speaker 2 (03:03):
He's not going to reappoint right, Oh that's for sure.
But at least not firing him for the yes next
year is progress, okay, because earlier he was saying he's
got to go and he's a big loser, and you
know I wanted to cut interest rates. I mean, this
is exactly what you're not supposed to do with this.
Feders are supposed to have independence, and he's been threatening
that left and right, and when the markets reacted very
(03:24):
negatively to that, he kind of backed off and said,
all right, well, I wait a year and put his
own person in there. The FED chairman is in a
very difficult situation right now because inflation's been coming down.
They're making progress. The latest numbers were like two point
four percent, so that was really quite good. But you've
got these tariffs coming in which you are of unknown
(03:44):
quantity and duration that clearly are going to raise prices.
It's already happening. People are getting a tariff, excise tax
or you know, an additional fee for tariffs, and that's
going to cause inflation. So they can't He's up on
interest rates when a lot of potential inflation seeming to
come right at them. So that's the position the Fed's
in right now.
Speaker 1 (04:05):
Yeah, and the Fed Chairman's independence is always something that
they throw out there. He seems to be more independent
when you know Trump is in there than when the
Democrats are in there. But that's a discussion for another time.
Retail sales, I think, kind of playing off what you
were just talking about, some folks are trying to beat
tariff increases on certain things the most, notably automobiles, right,
(04:29):
a lot of things.
Speaker 2 (04:30):
Yeah, they're they're stocking up and if they were thinking
of buying a car, they're jumping to the dealership now,
and farm equipment and all kinds of things because I mean,
a car could go up twelve thousand dollars or more
after the task come in because the input costs like
stealing aluminum, you know, are already twenty So yeah, it's
(04:52):
causing a mini boom at the moment of the car
dealership before the bus come. The car dealerships are enjoying
it now they know it's not going to last once
the tabs.
Speaker 1 (05:01):
Come In Jordan, what are we seeing with gold and
our old friend bitcoin. A lot of people, you would think,
and this climate would be looking for somewhere to kind
of hide out their money. That's the more stable. How
are those doing extremely well?
Speaker 2 (05:18):
Gold went over thirty five hundred dollars anounced for the
first time last week. People piling into it, both individuals,
central banks, just all of the world. People see it
as a safe haven. So gold has gone up a lot,
will continue to go up. Bitcoin kind of dip down
into the low eighties eighty thousand, but now we've been
(05:39):
bounded into the mid ninety thousand, so that's had a
bit of a rebound as well. It's not as stable
as gold, but both of them. People are looking for
a safe haven in these very uncharted warders, and normally
you'd think they'd go into treasure bonds as well, but
that's not been happening because treasure bond yields have been
rising and a lot of foreigners are so selling dollars.
(06:00):
The dollar has been falling, so the Tragy bombs do
not seem as secure as they had been in the past.
Speaker 1 (06:05):
Yeah, and this idea of the dollar falling and the
d dollarization that's happening out there Jordan, I think a
lot of people are worried that could cause the dollar
to not be the benchmark currency anymore. Some folks are
really worried about that aspect of what's going on right.
Speaker 2 (06:24):
Well, that's not really really alternative available, but the dollar
is the fat the world reserve currency. Most trading is
done in dollars. But there's this whole movement by a
lot of the major countries China, Russia, India, Brazil, that
so called bricks countries to come up with an alternative
(06:44):
to the dollar, and as the dollar has been falling,
people want to get out of it even more so.
It's hard to imagine a d dollarized world, but a
lot of countries are certainly trying to move that direction.
Speaker 1 (06:57):
Jordan. Let's talk about Harvard and Trump administration was holding
their federal funding and now looking to revoke their tax
exempt status because of their pro Hamas demonstrations. They refuse
to police on campus, harassing Jewish students. They couldn't even
go to lunch without some whack jobs cutting them off.
(07:19):
How's this going to turn out?
Speaker 2 (07:21):
This is a big controversy because basically Harvard is fighting
back on First Amendment grants. It's saying, you can't tell
us administration how to run our university and what we
teach and all those kind of things, what we hire,
who we admit, that's our First Amendment rights to do that.
And Trump is saying these are federal moneies and if
(07:43):
you don't do what we want, we're going to cut
them off, and he has in fact cut them on.
I think it's about two point two billion, and there's
a total of about nine billion when you count Harvard
Medical School and all kinds of other research that they're doing.
Harvard is fighting back. A lot of other schools have folded. Columbia,
for example, they with Who's held four hundred million and
Plumby basically said, I We'll do whatever you want and
(08:05):
they brought it back. So if Harvard loses, Trump is
going to run all the universities on everything else because
nobody else will will fight back if Harvard loses.
Speaker 1 (08:17):
Well, it's amazing how they think it's free speech when
they are clearly violating parts of the Civil Rights Act.
I mean, it's plain as the nose on your face.
It has nothing to do with a free speech. So
hopefully they do lose. Speaking of losing, Google is again
facing the accusation and this has been ongoing Jordan read.
People feel that they have a monopoly and online advertising
(08:40):
and this is separate from the meta thing that's going on.
How do you think that with Google is going to
work out?
Speaker 2 (08:46):
Well? Both of them. These are the two big tech
giants that do have monopolistic control of the advertising market.
The way Google controls what ads get in and who
they get given to and made it the same thing.
I mean, the meta Facebook trial has been just started.
The case has been going on for about five years,
and it's going to be down to one federal judge.
(09:07):
In fact, it's the same judge Bosberg who's overseeing the
deportation of the Maryland guy to Salvador. The judge is
also going to decide Facebook's fate as well. I think
the government's got a pretty good case. And in the
case of Facebook, they would make them divest Instagram and
(09:29):
WhatsApp because they think it's too monopolistic. In the case
of Google, they might have them divest some of the
technology that they use to control the ad market. So
we'll see. You never know how these are going to
come out, but they're certainly going after the big tech companies.
Speaker 1 (09:44):
That's Jordan good Money's America's Money Answers Man. The website
is Money answers dot com coincidentally, Jordan, thanks for checking in,
all right, Thank you, Todd
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!