Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
So, Charles pain of the Fox Business Channel, I guess
he's gone full commy, go one full commy, like many
of the pundits on Fox Business and Fox News that
will again, maybe that's part of the reason why they
could keep their job. They have to agree with anything
(00:38):
Trump at all time, no matter what he does or
what he says, or what's done or whatever it may be.
Charles Payne, who again Fox Business Network. Yeah, he's a big,
big investor advocate there, oh big about capitalism. Really this
is what he actually put out yesterday, And this was
(01:00):
in response to Amazon, Amazon deciding to be transparent, transparent
and saying, hey, listen, you know this vacuum cleaner you
wanted to buy that was a ship from China, Well
it's you know, it's sixty dollars more because of tariff
And they wanted to basically show people why again, transparency
(01:26):
is it not? Again? All Republicans have got the vapors.
They're clutching their pearls. Oh my god, you didn't show
the cost of Biden's inflation. You didn't do this, you
didn't do that. Oh come on, please, come on. You're
comparing You're comparing inflation, really the costs of different items.
How do you even go about quantifying that on a check?
(01:49):
And I do recall, as a matter of fact, business
is putting COVID expenses on restaurant bills for cleanup and whatnot.
So don't even go there. Okay, you owe the stickers
at the gas stations pointing at the price of gas.
It was funny Biden did that. So Amazon decides to
(02:11):
do this and whatever reason, and then they said that
they didn't, but I guess they pressure was brought to
bear from the Trump administration. Charles Pain had this response,
I wonder if Amazon will also explain to the American
public why its profit margin must increase every single year
(02:31):
and how much Jeff bezos five hundred million dollar wedding
will cost each customer. They are playing a dangerous political game. Well,
Charles Pain, he could be a regular on the Bernie
Sanders Elizabeth Warren Show, or maybe he should go on
their networks, Charles, let me see how it works here.
(02:54):
The companies that I own for my clients, if they
are increasing their profit margin every year, I'm pretty happy.
I'm pretty happy. Guess what my clients are happy about it?
Jeff Bezos wedding, And again, I don't know if you
are just you don't know this, you're not that right,
(03:17):
or again you're just you know, a bomb thrower, which
might be the case because you're on Fox Business. Throw
this out there. Jeff Bezos sells stock that he owns
and he lives off that, or he borrows money against
his existing position. Did you think Jeff Bezos ever took
(03:38):
this type of money in cash as far as salary
out of Amazon the entire time he worked there. Why
don't you look it up, Charles, Why don't you look
at what? Why don't you do a little homework there?
Speaker 1 (03:52):
Now?
Speaker 2 (03:52):
Now? And again he got absolutely destroyed online because it
was just again patently ridiculous. Listen, and okay, I guess
if you you so called capitalists, Okay, yes, you're you're
capitalist when you want to be. But now all of
a sudden, now, all of a sudden, you're siding up
with Bernie Sanders and Elizabeth Warren upset with companies that
(04:16):
increased their profit margin. This is a dangerous political game
being honest again, I guess again, Yes, in totalitarian societies, honesty, honesty, truth,
you can't handle it. You all that stuff is a
(04:36):
dangerous political game. Shame shame on on Charles quite frankly
again after putting out some I mean, I don't even
how he still has his job at this point in time.
I don't even know. I don't even It's patently absurd.
Another ridiculous thing too. Yesterday saw a lot of it
(04:57):
because Donald Trump was in Michigan and and they brought
out their favorite United Auto Workers prop you know, the
same guy that they show he was there at the
White House liberation Day. Oh, they paraded him on Fox
Business yesterday. Rah rah go uaw go union go tariffs Again,
(05:18):
if it was an actual discussion and you actually wanted
to actually, you know, hash this out, it wasn't just propaganda.
Maybe they should have brought on some the union representatives
from the International Longshore and Warehouse Union who are freaking
out right now because traffic right now at the ports
(05:42):
has come to a basic standstill, a standstill they're not
offloading anything at this point in time, so yeah, again again,
that would make for an interesting conversation show both sides
how things work together. That's that's kind of how you're
(06:03):
supposed to do things. But when you're pushing propaganda, no, no,
I don't think so. Watchdog on Wall Street dot com