Blog
LatestArticlesVideos
Radio
LivePodcastSerialsStations
TV
Podcasts
The Glenn Beck ProgramThe Glenn Beck PodcastThe Beck Story
Fine Art
Real Estate
More
AboutCharityBooksSponsorsShopContact
SEARCH
Live Radio

©2024 MERCURY RADIO ARTS.
ALL RIGHTS RESERVED.

TERMS OF USE | PRIVACY POLICY

Live

Glenn's Show Prep

US stocks continue risk-off, margin calls driving market declines

March 09, 2020
Glenn Beck

CEO/Founder

US regulators activated "circuit breakers" in stocks designed to limit losses for the NY Stock Exchange & NASDAQ. Both exchanges were set to open with 5% losses this morning, as investors continue to hoard cash. The market sell-off is global, with Japan's stock Nikkei Index down over 5.6% and the German DAX down nearly 8% on the day. Margin calls are forcing the liquidation of many bellwether stocks to cover losses in other areas, creating a vicious cycle of selling.

As of Friday last week, over 20% of market positions held by institutional investors (banks, hedge funds, pension funds etc) were based on margin - money borrowed to purchase stocks or futures positions, with other stocks pledged as collateral. As stocks begin to decline, the lenders (typically large investment banks or stock brokerages) make a margin call, which automatically forces the sale of the stocks that are the collateral for the loan, to cover the losses of the stocks purchased by the loan.

This forced-selling leads to further stock market declines, and then even more stocks must be sold to cover other stocks held on margin - that is, stocks which had been purchased via loans that must now be paid back. Investment banks typically accept only higher-quality assets and stocks as collateral: Bellwether stocks such as the DOW Jones, Fortune 100 type companies, or other "safe" assets such as gold, silver, even commodities like oil and natural gas, etc.

All assets seem to decline at once, but much of it is because algorithms are causing the forced sale of assets to cover the 20% of the market that was purchased based on margin loans, which now need to be covered.

BLOG

The Democrats are turning on Biden

GLENN

Glenn: I'm filled with hope. And you should be, too.

BLOG

TOP FIVE liberal meltdowns to Trump's victory

Biggest takeaways from Trump's HISTORIC election

John Moore / Staff | Getty Images

"Too big to rig" was the 2024 Trump strategy, and it was proven true on election day.

President Trump declared victory early in the morning on Wednesday, November 6, 2024, after securing the required 270 electoral college votes, marking an exciting end to a historic campaign. Since then, more electoral college votes have trickled in for Trump and he has secured 51 percent of the popular vote. There is no space for the Democrats to contest his election.

Trump's victory is just the beginning! Here are the top takeaways from election night:

Trump sweeps the swing states

Andrew Lichtenstein / Contributor | Getty Images

Seven swing states were poised to make or break the election: Pennsylvania, Wisconsin, Michigan, Georgia, North Carolina, Arizona, and Nevada. At the time of this article's publication, Trump had won Pennsylvania, Wisconsin, Georgia, Michigan, and North Carolina and was poised to win Arizona and Nevada in what could be a total sweep of the swing states. The "swing state sweep" is a stunning victory for Trump.

The GOP takes the Senate

TIMOTHY A. CLARY / Contributor | Getty Images

The presidential race wasn't the only important election yesterday. Approximately one-third of the Senate was up for re-election. At the time of this article's publication, Republicans had officially clinched a majority in the Senate, flipping three seats from the Democrats in Montana, Ohio, and West Virginia, giving the GOP 52 of the 100 Senate seats. In addition, Republicans are poised to win a seat in Pennsylvania and Nevada, which would further cement their lead.

Republicans lead in the House

Bloomberg / Contributor | Getty Images

Seats in the House of Representatives were also up for grabs as Republicans fought to keep control of the House. The race is currently too close to call, but at the moment, the GOP is holding the lead with 201 seats — only 17 seats away from a majority. This means there is a real possibility that the White House, the House of Representatives, and the Senate could all be held by Republicans.

What Trump's victory means for America

Chip Somodevilla / Staff | Getty Images

Donald Trump has won the 2024 presidential election!

This is a victory for the Republic, America has the chance to be great again! This is a reminder that you can make a difference and that your opinion and vote matter. Take a moment to celebrate— it's been a long four years, and light is finally at the end of the tunnel.

But the work isn't done yet. We still have two months until the inauguration, and after that, it will be time for President Trump's real work to begin. It is going to take time and hard work to "Make America Great Again," and there will be opposition and setbacks along the way. Here are three things to keep in mind going into this new era of American politics:

1. Look to the future.

KAMIL KRZACZYNSKI / Contributor | Getty Images

Under the Biden administration, Donald Trump, and conservatives in general, have faced censorship, lawfare, and even imprisonment. It can be tempting to jump on this opportunity to seek revenge against those who twisted the system against us. But that would only stoke the fire and further divide Americans. It is time to move forward, forgive, and remain humble. It is time to "Make America Great Again" for both Democrats and Republicans.

2. Get involved.

SOPA Images / Contributor | Getty Images

While Trump's victory in the White House is a huge step forward, it's crucial to remember that change starts locally. Your state and local politicians play a huge role in your day-to-day lives. Get involved with your state government, run to serve on your local school board, and vote for your mayor. Many of these local offices go uncontested, and the Left knows this and will exploit them as a way to push back against the Trump administration unless you stand up against them.

3. Have realistic expectations.

Michael M. Santiago / Staff | Getty Images

One of the most exciting promises of Trump's campaign is his pledge to to shrink the federal government, shrink the administrative state, and reduce government spending. Trump will bring on Elon Musk to help trim the fat off of our massive bloated government, and he has even floated the idea of repealing the income tax and replacing it with tariffs. However, this is a massive undertaking and is bound to experience pushback from the Left. It's important to have realistic expectations that this won't be done overnight. We can help expedite the process by getting involved. Call your representative. Call your senator. Demand dramatic cuts from federal spending that go towards woke programs and funding federal agencies that don't have the American people's best interests in mind.

The Left's INSANE response to P'nut's death may push Trump over the finish line on election day

As Glenn said on radio today, another hero has fallen in the cause of life, liberty, and the pursuit of happiness: P'nut the Squirrel.

The internet blew up over the weekend after the beloved social media sensation with over half a million followers was euthanized by New York state authorities after being seized from his owner's home.

P'nut was rescued seven years ago by Mark Longo, a Connecticut resident, who witnessed the young squirrel's mother being struck by a car. Longo nursed the squirrel back to health, and the two were inseparable ever since. Their relationship blossomed into a social media sensation, amassing over half a million followers. Proceeds from P'nut's social media success helped support Longo's animal sanctuary, P'Nut's Freedom Farm.

All that would end on October 30, 2024. After receiving an anonymous call warning P'nut may be carrying rabies, officers from the New York State Department of Environmental Conservation (DEC) raided Longo's home in Pine City, New York, in a SWAT-style fashion, and seized Peanut, along with a raccoon named Fred. Tragically, both animals were euthanized to test for rabies after an officer was bitten during the raid.

Glenn showed Longo tearfully describing the event to TMZ during his radio show this morning:

Officers raided my house as if I was a drug dealer. I was sat outside my house for five hours. I had to get a police escort to my bathroom," shared Longo online. “I wasn't even allowed to feed my rescue horses breakfast or lunch. I was sit, sat there like a criminal after they interrogated my wife to check out her immigration status. Then proceeded to ask me if I had cameras in my house. Then proceeded to go through every cabinet, nook and cranny of my house for a squirrel and raccoon. They got a search warrant for departments, and a judge signed off on a search warrant for a squirrel in a raccoon. And then they took them and k*lled them.

P'nut's euthanization and the raid on Longo's home have sparked a public outcry against taxpayer-funded federal agencies, not only for allocating so much time, money, and resources to a minor case but also for their gross abuse of power. How does a federal agency think it's justified to raid a man's home, treat him like a criminal, take his pet, and euthanize it without giving the owner a chance to contest? Stu hit the nail on the head during Glenn's show today: "It is also one of the most egregious abuses of government power I can ever remember."

It didn't take long for the Left to make this a partisan issue. Washington Post author & MSNBC Commentator Jen Rubin posted on X, "The MAGA Squirrel deserved to die." The post has since been deleted, but screenshots won't let her get away with that comment easily.

How did this become a partisan issue? It's not even clear if Longo is a Trump supporter. Even if he were, what does that have to do with P'nut? Did Longo deserve to have his home raided simply because there's public backlash from right-leaning sources questioning the gross overreach of federal agencies? If the Left believes that questioning federal abuse of power justifies euthanizing a beloved internet sensation, perhaps their twisted partisanship will help push Trump over the finish line tomorrow.

Glenn wants to hear what you think. Let us know in the poll below:

Was the raid of Longo's home an abuse of federal power?

Was the DEC justified in euthanizing P'nut?

Should P'nut's death be a partisan issue?

Unlike Harris, Trump offers hope for the nation

Chip Somodevilla / Staff | Getty Images

The election just a day away, and the contrast between Donald Trump's and Kamala Harris's campaigns is as stark as ever.

In the last few weeks, Trump has successfully demonstrated the incredible range of his campaign, from his McDonald's and garbage truck events to electric rallies like the recent one held at Madison Square Garden to impressive back-to-back interviews of both Trump and Vance on Joe Rogan—not to mention the broad spectrum of people in his corner, such as Elon Musk, RFK Jr., Tulsi Gabbard, and many more who bring top-class expertise to his campaign. For those on the "Trump train," it's hard not to feel hopeful for the future, something America has been dearly lacking the past four years.

On the other hand, Harris's campaign is built on hate. In her few interviews, she has offered little to no policy vision. She hasn't proposed anything unique to change our nation's current tide. Her campaign is simply based on hate against Trump, and we can expect nothing more than the continuation of the status quo.

Trump's Positivity

Donald Trump's campaign is defined by positivity and hope. The iconic slogan "Make America Great Again" promises a better tomorrow, and Trump brings the vision, expertise, and drive to make it possible. Despite being nearly twenty years Kamala Harris's senior, Trump seems to have infinitely more energy than she does. For the past four years, Trump has been constantly on the road, doing interviews, rallies, and political stunts while Harris has been noticeably absent for much of her campaign. Trump offers constructive solutions to the problems our country faces and promises to prioritize the American people. His campaign projects infectious positivity and hope in our nation's future. All reports from Trump's rallies indicate that the attendees are freedom-loving Americans, who are full of life and optimism. Even Elon Musk was seized by the excitement of the Trump campaign, literally jumping with joy when Trump invited him up on stage during his return to Butler, Pennsylvania.

Harris's Negativity

In stark contrast, Kamala Harris's campaign has been built on nothing but hatred towards Trump. As illustrated in the social experiment above, there's a big difference in how Harris supporters treat Trump supporters and vice versa. If you watch any of her interviews, Harris's word-salad answers inevitably shift to blaming Trump for the policy failures of her administration with Joe Biden. Her entire campaign hinges on the media successfully villainizing Trump. She is simply betting that people are going to vote for her simply because she isn't Trump. Though Trump has survived at least two assassination attempts, that hasn't stopped Harris from comparing the former president to Hitler. This anger and hate has permitted Harris's supporters, who, despite their rhetoric of "tolerance," are marked by their extreme intolerance for anyone who doesn't tow the party line.