Wall Street Journal's Big Plan to Destroy Trump

Chris accuses the Wall Street Journal of an “Operation Get Trump,” citing their tariff panic and dated corporate distress claims. He cheers India’s tariff cuts, slams Europe’s tech fines, and suggests cutting off Meta access to force fair trade. www.watchdogonwallstreet.com

Episode Transcript

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):
Yeah, the Wall Street Journal is basically running in an
operation Operation get Trump every day, multiple multiple articles on
the front page of the paper. And I'm not talking
about the signal stuff stories when it comes to the economy.
Going after Trump again is another example today, Corporate America's

(00:40):
euphoria over Trump's golden age is giving way to distress.
And again, they've been working on this column for a
while because some of the information in it, quite frankly,
has already been dated. They've already I think you could
watch how they had changed it. Well. Granted, the markets
come back a little little bit over the past week.

(01:01):
I mean, it's it's plainly obvious what they're looking to do. Again,
they they unnamed CEOs and sources telling them that they're,
you know, worried about what's going to happen moving forward.
Yesterday we talked a little bit briefly discussed uh, you know,

(01:23):
the Michigan UH Survey Consumer Confidence survey and how it's
a load of bunk. You know. I don't know if
you saw the economic numbers today, but you had durable
goods up three point two percent month over month. That

(01:43):
was in January and then up okay, January was. It's
just the numbers are pretty darn good, pretty darn good
when it comes to durable goods. And some of the
expenditures and durable goods are you know, items that you know,
think of them more like an airplane or boiler cars,
things that last an extended period of time. The continued

(02:07):
battle that the walls. It's always on the issue of tariffs.
Now d day for tariffs April first, Monday, Well, I
think I got to check my anyway's either Monday or Tuesday,
April second. From what we've seen already, and it's not
getting a lot of press, nothing in the Wall Street Journal.

(02:27):
Looks like India. India is backing down on and they
have very very high tariffs on our goods going into
that country. Are cutting those down. That's that's what we
want to see. Happy, we want to see we want
to see tariff barriers come down. We want more trade,

(02:49):
we don't want less again, We're going to see what's
going to happen next week. Europe, on the other hand,
I don't know. I don't know how they're going to
go about reacting to this stories here Europe arms for
the tariff war. Yeah, again I mentioned this on the show.

(03:10):
I don't remember where I read it today. Maybe it
was a New York Post actually talking to restaurant owners
in New York City and how you know this two
hundred tariff is going to you know, could destroy their business.
Other more established restaurant tours. It was. It was Eric
Ripper from the Bear Daden there, the French restaurant in Manhattan.

(03:34):
He actually he actually came out and said, yeah, I
don't think that's going to happen. I don't think it's
going to go through. I think they'll probably tariffs, but
they're not going to be that high and we can
we can go ahead and we can deal with that. Yeah,
it's it's going to hurt certain business. But again Europe
knows it's going to hurt them more. How Europe has

(03:57):
going after our companies. It's it's always lawfair. It's always lawfair.
Story today and how the European Union could slap Meta
with a one billion dollar fine. Trump vows to retaliate. Good.
This has to stop. This is this is what Europe does.

(04:20):
They don't build anything, they don't create anything, especially and
when it comes to technology, they just go after our companies.
And Trump is not going to stand for it. And
I when it comes to this, I don't give a
shit if we got to take a hit for a
short period of time to stick up for American businesses
that are over there. Like I said, you don't gonna do,

(04:41):
stick it to them, shut it off. Okay, no more Instagram,
no more Facebook for Europe. See how they like it.
You know, we could start doing we'd start picking off
countries left and right that would give a big you
know what middle finger to Russell's and would rather do
business with the United States. Quite frankly, that's what I
would do if I was Howard Nick, I would say,

(05:02):
you know what, retired all your bs and all your
crap there at the European Union. I just go to
individual countries go down, and I don't care how much
it pisces them off. Okay, who would you rather? Who
would you rather be your buddy? You would you rather
the United States? Or would you rather the bureaucrats in Brussels.

(05:25):
I would Hey, you'd end up freeing up these countries,
strike strike free trade deals with certain countries there. See again,
you would watch the backlash of the European you know, Oh,
it would be fantastic. But that's what I would do
at this point. And maybe that's what they're thinking about doing.
But that's all they got. That's all. You're gonna go

(05:48):
after American tech companies. Okay, well we'll shut them up,
We'll shut them off. What are you gonna do. You
don't have anything there, you don't build anything, you don't
create anything. Okay, you're completely reliant upon our stuff, which
is fine. But you don't need to be a you
don't need to be a penis head about it. Yeah,

(06:12):
you don't need to be Okay, again, you're gonna go
after them because they're violating anti trust rules, anti trust rules.
Who I mean, there's a lot of there's many, many
different social media companies. I you know TikTok and oh,
Facebook owns Instagram. I wish they spin the thing off,

(06:35):
you know, I think that'd be much better. You've got
x uh, there's a bunch of them as there not,
did you guys have one you're working on. Yeah, I didn't.
I didn't think so. I think so. Anyway, Anyway, Operation
Get Trump is on when it comes to the Wall

(06:56):
Street Journal, and again we're gonna give it you straight
here on the program and to some of the things
we like and some of the things that we don't like.
When it comes to tariffs, this is the stuff that
has to stop. But again, be careful. Okay, a lot
of the business programming out there right now, they're on,
you know, they're a bit of a seek and destroy
mission when it comes to Trump's policies. Watchdog on Wall

(07:18):
Street dot Com