May 30, 2025 • 10 mins
You were better off in May, and there’s reason to believe you’ll continue to see and feel more good news in June.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Brian Mundshow podcast is driven by Brayman Motor Cars.
My family is a Brayman Motor Cars family. Your family
should be too. Visit Braymanmotorcars dot com. Welcome to The
Brian Munt Show and thank you for listening. It's time
for today's Top three takeaways. Helpful, useful, repeatable, Happy Friday.
(00:24):
You're better off in May, You'll be better off in June.
A top three takeaways for you today, starting with Yeah,
you know what, you were way better off in May.
Here's a little bit of a flavor of some of
what went down yesterday painted the picture Fox's Jennycincilla.
Speaker 2 (00:44):
Economic growth slowed in the first three months of this year,
but not as much as previously estimated. The revised first
quarter gross domestic product declined two tenths of a percent.
The initial report estimated a four tenths of a percent decline.
It is a downturn from the two point four percent
GDP gain in the fourth quarter. However, the first quarter
(01:05):
was skewed by a massive surge in imports as companies
rushed to purchase goods ahead of the April tariffs.
Speaker 1 (01:11):
Right, not any kind of a decline in the real economy,
and what we actually saw was even better news when
we got the revision on the first quarter economy. But
what we're actually seeing in real time just continues to
be good stuff. So as we're closing out the month
of May, you have several exciting economic themes. The stock
market recovered from April's bear market and record time with
the S and P five hundred now higher on the
(01:33):
year once again, the GDP revision you're just hearing in
that report. Sure the economy didn't slow as much as
the initial reporting. If not for companies importing record amounts
of stuff to build inventories ahead of Liberation Day tariffs,
we would have seen growth of around three percent, which
is outstanding and by the way, also pretty strong indication
(01:54):
of what we're probably currently pacing as we're heading into
the home stretch now the second quarter. In other words,
just think back for a second two a month ago.
Here we are April. A lot of people are talking
about what see the look on Joel's face like our word, Yeah, no,
the recession talk was was big, right, Tariff talk everywhere.
Speaker 3 (02:18):
I know I was.
Speaker 1 (02:19):
I was a little nervous, Yes, just as we had
as we had discussed you were not feeling soted. No, yeah, yeah,
you're not feeling liberated by liberation. A lot of people
are nervous about it. But here we are a month
later and boom, I mean the markets back, recession talk gone.
In fact, on that note, absolutely no chance I was
(02:43):
working on this yesterday. There is no chance, Like I
wouldn't assign a one percent chance to the near term
risk of a recession taking place. So yeah, happy day.
A month ago you were hearing, oh my gosh, the
tariffs is just going to kill you. The rate of
inflation most recently has fallen, has fallen to two point
(03:04):
three percent, the lowest it has been since Trump was
just one month removed from having been president previously. Better still,
the odds are you're just doing better because you've been
making more money. The average person earned three point eight
percent more than a year ago most recently. Okay, so
(03:27):
you put these two numbers together, because this is really
the brass tax alive here, right. It's the cost of living.
It's how much money you're making. So when you combine
the inflation rate and wage growth, the last time you
had to May, where the average family's income grew by
(03:47):
one and a half percent net of inflation. What may
do you have to go back to what's that year, Jiel.
Speaker 3 (03:55):
Be twenty nineteen?
Speaker 1 (03:56):
You got it? You got it. Yeah, to go back
to win Trump was president of the United States and
we didn't have a China virus that was involved. Every
major economic measure, every one of them. It really matters
when it comes to your family's financial situation. Improved significantly
(04:20):
in the month of May. But by the way, plenty
of room for improvement that is likely on its way
with President Trump's agenda working its way through Congress, and well,
we'll hopefully be at least a somewhat asthetically plaicing built.
Even if it's not a big and beautiful it's got
some warts on it somewhere along the way. And you're like,
I don't know those words. We can call that beautiful,
But I mean, if you look at it from the
(04:42):
right angle, you know what I'm saying, what Joe, you
know some people have nice profile and yeah, I've got nothing.
Oh look, Joel's face was priceless. Second takeaway today, you've
noticed it too, not just the worts. Now you've noticed it.
(05:02):
You've noticed the improvement here. So here's Fox's Hillary Barski.
Speaker 4 (05:06):
Stocks ending higher as investors digested in Vidia's robust earnings report,
and as a US appeals court grants the Trump administration
a temporary stay of the US Trade courts ruling that
said that the President exceeded his authority by implementing sweeping tariffs.
Speaker 1 (05:22):
Yeah, so, President Trump's average approval rating coming into May
was forty five percent, and on the direction of the
country question that stood at just forty percent. As we're
set to wrap up May, l President DA's approval rating
back up to forty eight percent, with forty four percent
approving of the direction of the country. Now, that might
(05:43):
not sound like a whole heck of a lot, but
consider this. Biden's approval rating when he left office was
only thirty nine and only twenty six percent of us
were taking a look around and going, uh, yeah, this
has been good. No, really, we're heading the right way
is with the autopen and Joe being wherever he is
(06:08):
day to day in his own mind, President Trump's approval
rating is wrapping up the month nine points higher than
President Biden in his autopen, with the improvement in the
direction of the country doubling that game at eighteen percent.
That's huge. In fact, how many mays ago do you
(06:30):
have to go to find the last time that at
least forty four percent of Americans said, yeah, we're going
the right way, We're heading the right direction. And Joel
just shaking his head.
Speaker 3 (06:41):
I don't know, because Brian I seem to remember. I
want to say it was the latter years of the
Obama administration that you and I were on the air
and you were tracking, yeah, the direction of the country,
and we were always in the twenties.
Speaker 1 (06:55):
That's right, we have. It's been very difficult to get
even any positive movement on the direction of the country right.
The answer is to get to a number is high
as even forty four percent, where we're at right now
on average. You just go back sixteen years ago. It
(07:17):
was May of two thousand and nine, when President Obama
was still new on the job and you had talk
of hope and change has still a thing, and people
are going, yeah, the hope and change thing. So President
Trump's current approval rating also eight points higher than it
was on this date in his first administration. These are
(07:40):
big things. So the point is this, we're doing better
than we've done since Trump was last president and as
a result, Trump's doing better leading our country in a
more positive direction in our view, than any president has
done since Obama was brand new on the job. My
third takeaway for you today, So now about June. Here's
(08:04):
how Speaker Mike Johnson, we.
Speaker 4 (08:06):
Have the entire America First Agenda wrapped into this one big,
beautiful bill.
Speaker 1 (08:10):
That's why we call it that.
Speaker 4 (08:11):
It's President Trump's promises to the American people and it's
our promises.
Speaker 1 (08:15):
Yeah, so expect more good news. Expect more good news.
The Cleveland Federal Reserve updated its inflation expectations yesterday. They're
estimating that the rate of inflation has been flat in
May and will continue to fall under two percent during
Q two, a number that would not only be great
news for you, but what also started to force the
(08:37):
hand of the Federal Reserve to cut interest rates, which
would reduce borrowing costs to of course, the president. That
would bet cheer Drone Powell yesterday, and I mean it
seems like it's cordial enough, but nothing coming out of it.
We should see increased optimism about overall economic growth as well.
About a month ago, the Atlanta Fed's GDPs mean for
(08:58):
growth was only about one percent in the second quarter.
As of today, they've more than doubled that estimated growth rate,
and it appears that there is room for even more so.
As mentioned kind of at the onset, that three percent
plus growth economy looks very possible. So I touched on
the one big, potentially beautiful bill making its way through Congress.
(09:23):
It's very likely that the final incarnation of that bill
codifies President Trump's agenda and is passed to the President
by the end of the month of June, in time
for him decide on Independence Day, which is his goal.
The deck concerns with the bill are real, but so
are the pro growth policies within it as well. Tens
of millions of Americans would begin to see an even
(09:44):
bigger benefit than the initial Trump tax policy. That would
serve to put more money in the pocket of people,
and we'll further stimulate the economy, along with things like
providing the Trump administration with the resources they need to
carry out his immigration agenda. It's important to remember that
so many different aspects of a plant are come together
(10:04):
right now in day to day here court ruling, this lawsuit,
this all that the train is on the tracks. Trump
train is full seam ahead on the tracks. Things are
really coming together. And by the way, as we talk
about you know, Trump's plan and you hear about the
ice attentions and deportations, they also mean less inflation. Every
(10:26):
time you're hearing about people being removed. What you actually
are seeing in real time is less inflation now our
economy and just kind of like you know, be added
seasoning on top. Here we are set to enter a
hurricane season without any name storms and nothing on the
horizon and the Atlantics, so you are better off in May.
There's reason to believe you will continue to see and
(10:47):
feel more good news in June.
The Brian Mundshow podcast is driven by Brayman Motor Cars.
My family is a Brayman Motor Cars family. Your family
should be too. Visit Braymanmotorcars dot com. Welcome to The
Brian Munt Show and thank you for listening. It's time
for today's Top three takeaways. Helpful, useful, repeatable, Happy Friday.
(00:24):
You're better off in May, You'll be better off in June.
A top three takeaways for you today, starting with Yeah,
you know what, you were way better off in May.
Here's a little bit of a flavor of some of
what went down yesterday painted the picture Fox's Jennycincilla.
Speaker 2 (00:44):
Economic growth slowed in the first three months of this year,
but not as much as previously estimated. The revised first
quarter gross domestic product declined two tenths of a percent.
The initial report estimated a four tenths of a percent decline.
It is a downturn from the two point four percent
GDP gain in the fourth quarter. However, the first quarter
(01:05):
was skewed by a massive surge in imports as companies
rushed to purchase goods ahead of the April tariffs.
Speaker 1 (01:11):
Right, not any kind of a decline in the real economy,
and what we actually saw was even better news when
we got the revision on the first quarter economy. But
what we're actually seeing in real time just continues to
be good stuff. So as we're closing out the month
of May, you have several exciting economic themes. The stock
market recovered from April's bear market and record time with
the S and P five hundred now higher on the
(01:33):
year once again, the GDP revision you're just hearing in
that report. Sure the economy didn't slow as much as
the initial reporting. If not for companies importing record amounts
of stuff to build inventories ahead of Liberation Day tariffs,
we would have seen growth of around three percent, which
is outstanding and by the way, also pretty strong indication
(01:54):
of what we're probably currently pacing as we're heading into
the home stretch now the second quarter. In other words,
just think back for a second two a month ago.
Here we are April. A lot of people are talking
about what see the look on Joel's face like our word, Yeah, no,
the recession talk was was big, right, Tariff talk everywhere.
Speaker 3 (02:18):
I know I was.
Speaker 1 (02:19):
I was a little nervous, Yes, just as we had
as we had discussed you were not feeling soted. No, yeah, yeah,
you're not feeling liberated by liberation. A lot of people
are nervous about it. But here we are a month
later and boom, I mean the markets back, recession talk gone.
In fact, on that note, absolutely no chance I was
(02:43):
working on this yesterday. There is no chance, Like I
wouldn't assign a one percent chance to the near term
risk of a recession taking place. So yeah, happy day.
A month ago you were hearing, oh my gosh, the
tariffs is just going to kill you. The rate of
inflation most recently has fallen, has fallen to two point
(03:04):
three percent, the lowest it has been since Trump was
just one month removed from having been president previously. Better still,
the odds are you're just doing better because you've been
making more money. The average person earned three point eight
percent more than a year ago most recently. Okay, so
(03:27):
you put these two numbers together, because this is really
the brass tax alive here, right. It's the cost of living.
It's how much money you're making. So when you combine
the inflation rate and wage growth, the last time you
had to May, where the average family's income grew by
(03:47):
one and a half percent net of inflation. What may
do you have to go back to what's that year, Jiel.
Speaker 3 (03:55):
Be twenty nineteen?
Speaker 1 (03:56):
You got it? You got it. Yeah, to go back
to win Trump was president of the United States and
we didn't have a China virus that was involved. Every
major economic measure, every one of them. It really matters
when it comes to your family's financial situation. Improved significantly
(04:20):
in the month of May. But by the way, plenty
of room for improvement that is likely on its way
with President Trump's agenda working its way through Congress, and well,
we'll hopefully be at least a somewhat asthetically plaicing built.
Even if it's not a big and beautiful it's got
some warts on it somewhere along the way. And you're like,
I don't know those words. We can call that beautiful,
But I mean, if you look at it from the
(04:42):
right angle, you know what I'm saying, what Joe, you
know some people have nice profile and yeah, I've got nothing.
Oh look, Joel's face was priceless. Second takeaway today, you've
noticed it too, not just the worts. Now you've noticed it.
(05:02):
You've noticed the improvement here. So here's Fox's Hillary Barski.
Speaker 4 (05:06):
Stocks ending higher as investors digested in Vidia's robust earnings report,
and as a US appeals court grants the Trump administration
a temporary stay of the US Trade courts ruling that
said that the President exceeded his authority by implementing sweeping tariffs.
Speaker 1 (05:22):
Yeah, so, President Trump's average approval rating coming into May
was forty five percent, and on the direction of the
country question that stood at just forty percent. As we're
set to wrap up May, l President DA's approval rating
back up to forty eight percent, with forty four percent
approving of the direction of the country. Now, that might
(05:43):
not sound like a whole heck of a lot, but
consider this. Biden's approval rating when he left office was
only thirty nine and only twenty six percent of us
were taking a look around and going, uh, yeah, this
has been good. No, really, we're heading the right way
is with the autopen and Joe being wherever he is
(06:08):
day to day in his own mind, President Trump's approval
rating is wrapping up the month nine points higher than
President Biden in his autopen, with the improvement in the
direction of the country doubling that game at eighteen percent.
That's huge. In fact, how many mays ago do you
(06:30):
have to go to find the last time that at
least forty four percent of Americans said, yeah, we're going
the right way, We're heading the right direction. And Joel
just shaking his head.
Speaker 3 (06:41):
I don't know, because Brian I seem to remember. I
want to say it was the latter years of the
Obama administration that you and I were on the air
and you were tracking, yeah, the direction of the country,
and we were always in the twenties.
Speaker 1 (06:55):
That's right, we have. It's been very difficult to get
even any positive movement on the direction of the country right.
The answer is to get to a number is high
as even forty four percent, where we're at right now
on average. You just go back sixteen years ago. It
(07:17):
was May of two thousand and nine, when President Obama
was still new on the job and you had talk
of hope and change has still a thing, and people
are going, yeah, the hope and change thing. So President
Trump's current approval rating also eight points higher than it
was on this date in his first administration. These are
(07:40):
big things. So the point is this, we're doing better
than we've done since Trump was last president and as
a result, Trump's doing better leading our country in a
more positive direction in our view, than any president has
done since Obama was brand new on the job. My
third takeaway for you today, So now about June. Here's
(08:04):
how Speaker Mike Johnson, we.
Speaker 4 (08:06):
Have the entire America First Agenda wrapped into this one big,
beautiful bill.
Speaker 1 (08:10):
That's why we call it that.
Speaker 4 (08:11):
It's President Trump's promises to the American people and it's
our promises.
Speaker 1 (08:15):
Yeah, so expect more good news. Expect more good news.
The Cleveland Federal Reserve updated its inflation expectations yesterday. They're
estimating that the rate of inflation has been flat in
May and will continue to fall under two percent during
Q two, a number that would not only be great
news for you, but what also started to force the
(08:37):
hand of the Federal Reserve to cut interest rates, which
would reduce borrowing costs to of course, the president. That
would bet cheer Drone Powell yesterday, and I mean it
seems like it's cordial enough, but nothing coming out of it.
We should see increased optimism about overall economic growth as well.
About a month ago, the Atlanta Fed's GDPs mean for
(08:58):
growth was only about one percent in the second quarter.
As of today, they've more than doubled that estimated growth rate,
and it appears that there is room for even more so.
As mentioned kind of at the onset, that three percent
plus growth economy looks very possible. So I touched on
the one big, potentially beautiful bill making its way through Congress.
(09:23):
It's very likely that the final incarnation of that bill
codifies President Trump's agenda and is passed to the President
by the end of the month of June, in time
for him decide on Independence Day, which is his goal.
The deck concerns with the bill are real, but so
are the pro growth policies within it as well. Tens
of millions of Americans would begin to see an even
(09:44):
bigger benefit than the initial Trump tax policy. That would
serve to put more money in the pocket of people,
and we'll further stimulate the economy, along with things like
providing the Trump administration with the resources they need to
carry out his immigration agenda. It's important to remember that
so many different aspects of a plant are come together
(10:04):
right now in day to day here court ruling, this lawsuit,
this all that the train is on the tracks. Trump
train is full seam ahead on the tracks. Things are
really coming together. And by the way, as we talk
about you know, Trump's plan and you hear about the
ice attentions and deportations, they also mean less inflation. Every
(10:26):
time you're hearing about people being removed. What you actually
are seeing in real time is less inflation now our
economy and just kind of like you know, be added
seasoning on top. Here we are set to enter a
hurricane season without any name storms and nothing on the
horizon and the Atlantics, so you are better off in May.
There's reason to believe you will continue to see and
(10:47):
feel more good news in June.
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