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WARNING As Global Stock Markets Drop FAST

U.S. stock markets took a plunge Monday morning after a bad day on Friday. The Dow plummeted hundreds of points, Warren Buffett is selling stocks like crazy, and Japan's stock market recently had its worst day since 1987's Black Monday. So, are these signs of a coming recession? Financial expert Carol Roth joins Glenn to explain what's going on: Why are the stock markets crashing? What does Warren Buffett know that we don't? Are tech stocks like Apple and NVIDIA just going through a correction phase? Is the Federal Reserve to blame? And what can average Americans do to prepare?

Transcript

Below is a rush transcript that may contain errors

GLENN: Friday, we had a bad jobs report. We're still not in a recession, indicators are showing that we are headed towards one.

But, you know, the indicators have been wrong before.

We are headed towards one. We are headed towards a depression at some point. I just don't know when.

And we're headed for a massive, global collapse. Again, I just don't know when.

Nobody does. That's why I ask you, please, be prepared.

And please take my -- look, I'm not an expert in anything.

Nothing. I'm -- I'm a former DJ, that is a recovering alcoholic, and I'm a self-educated man. So take everything that you -- that I say, with a grain of salt.

I want, I need you to do your own homework.

I hope -- honestly, this hasn't happened yesterday yet. I hope that you do your homework. And you think, wait a minute.

Glenn, you're missing this. And you show that I'm wrong. Because I want to be wrong. But it is coming.

And we are in the birth pangs of the future. We are giving birth right now, to the future.

A baby is coming out. And I don't think -- I don't think we're going to like it.

I think it's one of those babies that comes out like, hey. Mom and dad.

You know, and guarded by Rottweilers. But we're -- we're approaching something.

And our Dow is down almost 1200 points in futures. The reason why this is so important, is because it's not alone. Friday, bad jobs numbers. We were down 611 points.

That's a pretty big at all. This morning, before we even open up. We're down almost 1200 points.

You know, that's almost 2,000 points, in two days.

But in Japan, stocks were wiped out. This happened while you were asleep.

The Nikkei 225 is falling 12 and a half percent. That is the biggest single day decline since Black Monday's collapse of 19 -- what?

'89 or '87, I think it was.

Also, if you read any financial news over the weekend. You saw that Warren Buffett is selling like everything.

He is having the biggest fire sale he's ever had. He's never sold stocks, dumped stocks like he's dumping them right now. That's what happened to Apple a couple of weeks ago. He said, yeah. I don't really feel comfortable with Apple. I'm going to sell. But what we didn't know, until he had to file was, he's selling everything.

And holding on to just the crème de la crème.

What does Warren Buffet know, that we don't know?

Nothing. The difference between Warren Buffet and you and me, is he trusts his gut.

He trusts what he reads. And he doesn't wait, for other people, to verify. His team verifies. And he trusts his team.

I just -- the words of my grandfather keep ringing in my head. If we only knew what the rich people knew, before the Great Depression, we would have been fine. Well, what are the rich people doing?

Also, China found out this weekend, they are buying -- I think it was 50 tons of gold, more, than they said they did.

They said they stopped buying gold. Now some sleuths have gone out and looked. Because something wasn't right. And all this gold was being shipped over to China.

And they realized, my gosh, China is still buying. They're telling people they're not, to try to keep the price down.

So what are the rich people doing?

What are the people in the know doing?

The VIX, which is the volatility, something that is really important if you watch stocks. But it's just important for you to know. And this is just off the top of my head. In 2008, the VIX, the index of volatility. How volatility are things right now? Was at I think 47. In 2008.

In COVID, it was like 56. And it's currently on a scale of one to 100, 65.

So that is an alarm bell that people watch, and say, what kind of -- what's the weather forecast?

What's the VIX say? Are we headed towards really choppy seas?

Yeah. More according to the VIX. According to them, more than 2008 or COVID.

Intel just announced they're cutting 15,000 jobs or 15 percent of its workforce.

Now, let me go and witch topics, to England. What you're seeing in England, is a -- a looksy into the things that are to come here in America. What's been happening in England? Well, for a long time, this is why Brexit happened. And, by the way, I don't think you're going to hear this analysis with -- with other people.

So take it for what it's worth. But as I read it, Brexit happened in a way we can relate to. Brexit happened because people were tired of being told by bureaucrats that they never elected, what they had to do. How they were going to live their life. And those same bureaucrats said, you know what, it's not that cool to be British. I mean, you have a really bad past, Great Britain, and so I wouldn't be so -- I wouldn't be so proud.

In fact, don't fly your flag. You should fly the European flag.

Okay. People didn't like that.

They want to have their own control.

Then, on top of that, you had wild, unfettered immigration.

Do either of these sound familiar to you? So they had wild unfettered immigration.

At the same time, they built on top of a house of cards, where they said they were taking Islamic terrorism seriously. But then they opened the borders. And the police never took them seriously. It was never taken seriously.

You could chop a guy's head off, in the streets of England. And what would people say?

Well, your officials would say, we've got it under control. It was just a misunderstanding. It didn't have anything to do with anything.

There's nothing to see here. Go back to your homes. Nothing to worry about.

Kids were being kidnapped by Islamic rings. And they were being sexually abused. And the police denied it. Denied it. Continued it.

Then when it couldn't be denied anymore, they did a little bit, very little bit. But then everybody in the neighborhood that was standing up, they were deemed the bad guy. So this is the Bubba Effect.

Three girls in a dance class. Just cute, cute little girls in a dance class, 17-year-old kid comes in, and stabs the three girls.

Now, he has a Somalian name. So everybody just assumed he was an immigrant. He's not an immigrant. Bubba Effect. Bubba Effect.

Remember what that was? I told you that in 2000 -- I don't know -- 4, I was talking to Special Forces. And I said, what is the thing that you're most concerned about? And they said the Bubba Effect. What is that?

When the government has lost all of its credibility. And, for instance, they say, we're serious about terror.

And they're not. And people keep pointing it out. And the government doesn't respond.

And then something bad happens. And Bubba, not really knowing anything about world religions or whatever. Will walk into a convenience store. And he will shoot a Sikh because he's got a turban, and he doesn't know.

He'll shoot a Sikh. And it's you people.

And everybody will know, that's wrong. But when the federal government believes in, the people will stand up and say, hey. We'll deal with Bubba. We know he was wrong. But he was acting because you refused to act. You are the -- the problem.

That's what's happened here. They were wrong.

And then on top of that, you have inside and outside, nefarious forces.

You have people who are white skinhead Nazis. You have people who are Islamists. You have people who are just power hungry.

You have people who just want to see the world burn.

And they're all on social media. And what is the government doing?

The government is blaming everything on the right. And social media.

Which will only make things worse. Because the forgotten man, is not a neo-Nazi.

The forgotten man is just the guy who just loves his country. Has gone to work every day.

Seems to be forgotten. Seems to be left behind.

Nobody ever seems to talk about him.

Unless it's to blame him for something that he had nothing to do with.

And, of course, everybody's lining up. To quash, freedom of speech.

They don't have it, like we have it here in America.

They already have speech laws. They're now talking about shutting everybody up.

That won't make things better. It will make things worse.

A Civil War in Great Britain, in a few minutes we'll tell you exactly what is also happening, in Israel, with Iran. And how Russia is now helping Anna Ann enemy of the United States.

GLENN: For anybody old enough to remember, I believe Stu has become Johnnie Carson. He's never working. He seems to always be on vacation.

And always sitting in for him, is Mr. Pat Gray as usual. Hello, Pat.

PAT: I guess somebody cares about the show, right?

GLENN: Yeah. If it's just really you. Just you and me. You and me.

Thanks for coming in again. This is double duty for you. So how are you feeling?

You just finished your show.

PAT: Yeah. Yeah. Uh-huh. Oh, I feel great.

I think things are going perfectly. Don't you?

Yeah. Oh, yeah.

Nothing to worry about. Nothing to worry about.

GLENN: Yeah. I was in LA this weekend.

Unfortunately, this is my time in California. In I don't know how many years. Oh, man.

I don't like it. Anyway, I was in LA this weekend, doing some business.

And I didn't walk away, with a good feeling.

Now, it is California. But there are so many people that are just convinced that Kamala solves the problem.


They don't -- they won't even look at how radical she is.

PAT: Hmm.

GLENN: If she becomes our president, we are in deep, deep socialist trouble. You think the economy is bad now. This is like putting Chavez or Maduro in. She is as left as that. And everybody is -- at least in California, that I talked to, they're still just enamored with anybody, but Donald Trump. It's like, no, guys, voting for the enemy of the person and just blindly doing it is a very bad job. You must examine their record as well.

PAT: Uh-huh and people forget in 2019, she was the most liberal. The most progressive senator in the United States of America. Beyond Bernie Sanders. Beyond Elizabeth Warren.

She's the worst possible choice for president.

GLENN: Yep. Yep.

PAT: Worst possible.

GLENN: And the Democrats knew that.

PAT: Yeah. They did.

GLENN: I mean, that's why had to be voted for her. Nobody voted for her.

PAT: Right.

GLENN: And I'm growing more and more convinced this was a brilliant move by the Democrats, by the radical left in the Democratic Party. They got her to be vice president, because there's no way America would ever vote for her. So she could become the vice president. And at this point -- because Donald Trump is so unpopular, with the left, she's only a point and a point and a half behind him.

PAT: Yeah.

GLENN: That's insanity.

PAT: She's actually leading quite a few polls.

You know, despite her radicalism.

This is a person for abortion on demand.

GLENN: Because nobody is looking at it.

PAT: The border disaster that she's overseen.

She wants to ban fracking and offshore drilling.

She claims she didn't want to ban fracking, but she was all about it just four years ago. She wanted to ban the filibuster.

GLENN: She also wasn't just for the filibuster. But for the Supreme Court.

She's also for a guaranteed jobs program.

PAT: Right.

GLENN: That's the Soviet Union.

PAT: So bad.

GLENN: You can't get any more left than that.

It's really, really not good.

Nationalized health care. She wants the government to take it over.

Now, she said recently. But in 2020, when she was running, and this is who she is. This is what she believes.

PAT: Right.

GLENN: She's moderating because she has to now.

But this is what she believes. Government needs a wholesale takeover of medicine.

GLENN: Welcome to the Glenn Beck Program. I have to tell you, I really wish I could put you in my head space right now. It's almost like there's a hedge of protection, on my head space right now. Because it's -- the news that is coming you out is really, really dark, and we're getting closer to something.

And we're going to like it. The Dow is way down. Japan was almost wiped out. Twelve and a half percent.

They had to close the trading floor for a while in Japan. And that is happening in Europe, and now coming here, we had bad job numbers. Lots of layoffs. Intel laid off this morning, 15,000 jobs.

Looks like Chevron is moving to Texas from California. They just can't take California anymore.
And there's riots on the streets of the UK. And I want to get back to this story a little later in the program. But it is -- it's rage bait that is going on. And it -- people are now saying, Elon Musk said this weekend, that civil war is inevitable in the UK. But we also have some news.

Today, it looks like Iran is planning on attacking Israel. They announced this over the weekend.

Speculation was, that it would happen sometime today.

Remember, it's -- it's late in the afternoon.

In the Middle East now, on Monday.

And so, you know, usually if things happen, they happen by the time this show is over. It's usually started.

So we're watching that closely. Jason Buttrill is with us.

He is our chief researcher.

Also, head of watching over all global affairs.

On the program. When it comes to war. He is a former military intelligence.

And is here, to tell us, exactly what we're expecting.

Let's start with Iran, Jason.

JASON: Hey, Glenn, how are you doing? I'm actually surprised it hasn't happened yet. We were getting word that it was supposed to kick off sometime over the weekend. I think the biggest takeaway here, is there will be a response. Pretty much everyone expects it. It sounds like the Israeli military intelligence is expecting it, very imminently. There's a carrier battle group that's on its way from the US to the region, to support, if anything should kick off.

We know something is going to kick off. The question now is just how badly it's going to. And this is only the beginning stages of this larger regional war. And I'm going to say this.

I do believe, this is going to be a regional war, with multiple people. Countries involved. And it's going to mirror their regional war that's already going on in eastern Europe.

And that sounds interesting. Regional war is breaking out everywhere, and we're expected to respond to every single one of them. How is that going to happen?

GLENN: Okay. So the Mediterranean is the sixth fleet, right?

JASON: That sounds correct. I don't remember.

GLENN: I think it's the sixth fleet. You know, I'm sorry if I'm mistaken.

What I want to know, is this carrier group that's going on out, in addition to what we usually send in the sixth fleet, that's always there. Is this a replacement, or is this an addition? Because that's a huge addition.

JASON: I'm fairly positive, that this is an addition to what's going on out there.

GLENN: That's pretty significant, right? Carrier battle group.

JASON: It's especially significant, when you think of all the different theaters that we're guarding against right now.

And I got to tell you, Glenn. Looking at the state of our economy. Our adversaries. What they're trying to do with our economy. Organizations like BRICS. They also are the same people that are opposing us in Eastern Europe right now.

You've got, can I say it --

VOICE: And Israel.

JASON: And Israel. Can I say cascading protest movements that are going all the way through Europe and heading all the way to our own doorstep. Did I read that? Is that where it was?

GLENN: Yeah. That's where I think I got it, yeah. Sure.

And after it cascades, it comes to the United States, and all our enemies look at the West. And say, now, now, now.

And that's exactly what's happening. If you look at what's happening with the Middle East with the Houthis, those are funded by Iran. But now who has just been spotted on the ground and been -- been announcing that they are providing military advice, at least? That's Russia.

JASON: Yeah.

GLENN: Russia is now assisting the Houthis. So this is becoming a global war. Whether we like it or not.

It will.

JASON: Yeah. Everyone always analyzes this.

They say, oh, BRICS will never outdominate the dollar, you know, as the global reserve currency.

They'll never do it. They will never challenge the United States one-on-one. You know, the United States is too powerful. Agreed, one on one, but that's not what's being built here.

I have to tell you, when I was looking at all this information, all together, I kept thinking about the famous Paul Harvey monologue, you know, if I were the devil, what would I do to make change? And I'm not the devil. But I am saying that look at everything together, and connect all the dots. Who were the players that were involved in every single theater? Who were the ones? Who were the ones sowing discord, that is cascading all over the world?

Who were the ones?

Look at the places that haven't blown up yet, but are on the cusp of it. You look at Taiwan. You look at North Korea. That BRICS unit is involved in every single one of those. You cannot destroy the United States or defeat her one-on-one.

We are too powerful, but taken together, with all the different countries that they are building, by the way, and united all at the same time, what happens?

I don't know the answer to that. Because we've never been there. But we're going in that direction. And the people that are running this country, are driving us there in a Cadillac.

GLENN: I will tell you, the -- what happens, if it's World War II, America wins.

Because World War II, America was united.

JASON: Hmm.

GLENN: And we all came together, to fight against evil. That will not happen this time.

We are too divided, and the government has made so many mistakes. I'm really very concerned about England. Because England is the Bubba Effect. It's -- we don't even know the facts, and that's another problem.

But we don't even know the facts of what really happened, that started all of this stuff.

They haven't figured out this kid from last week. They still don't know, well, is he Muslim? Is he not Muslim?

You know, how is he -- we don't know any of that. But people are all assuming that this was a Muslim immigrant. It wasn't.

He was born in England. He's English. But the facts don't matter anymore. Because it appears as though the government is lying to the people in Great Britain. And so they've had enough.

And then you have outside forces, dare I say it, like Russia, again.

And the influence of those we have spoken about, many times on this program.

That want the West to collapse. And are sewing this -- this really demonic seed in not only England and France and all of Europe. But here in America, as well.

Unless we get transparency, we're -- we're -- we're in trouble. Unless somebody stands up and says, you know what, I'm going to open up all the books on this.

The -- the arguments that I'm hearing now, that Kamala is just so great. When this whole thing has been un-Democratic from the beginning. And nobody is really looking at her record. And everybody is saying, you know, well, Donald Trump, he's a bad guy. Where? On what?

On what?

I said to somebody, this weekend. You know, this has been the -- this is the one time, that you can look at a politician.

And I think they're all dirty. But I lived in New York City.

Pat, you remember this. We used to drive by the Trump apartments or hotels on the east side how.

And he was building like five of them, and including, you know, digging under the highway.

And he built five in the same time the city took to build one small building, right across the street from them.

PAT: Uh-huh.

GLENN: And I would have said to you, six years ago, eight years ago, the guy is dirty as hell. He's got to be. Because you can't -- how is it he can get the unions to do everything he wants them to do? How is it he can build five buildings to every one that everybody else builds?

Well, I don't know. But he's the most investigated man, I don't know. In human history. And they've never found anything like that. And nobody will listen. Nobody will listen to that. Nobody will listen and say, they've just been trained, Trump bad. And if you're comparing, you know, anyone to Hitler, I mean, Charles Manson could look good.

Well, he only killed a few. Yeah, and he's got the Nazi swastika carved into his forehead. But he's not telling everybody to hang banners off of every building. You know, hello.

So they give you the worst possible look at somebody, and somebody who actually loves America.

And -- and here we stand, with everything in open flame. Jason, what are you expecting to happen today either in England?

Or -- do you agree with Elon Musk? That he says Civil War is inevitable in England?

JASON: Well, I mean, you've got to think -- what's happening in England, I feel like, can be copied in multiple western countries. Because the big behavior is the same. You talk about the non-transparency. Let's just talk about that for a second. And how this fuels this. If you look at any major mainstream outlet, over Europe and here, all you see is the same headline. Far right protests. Or rioters.

You know, truth -- based off of misinformation.

GLENN: Yeah. Misinformation. Disinformation or malinformation from social media.

JASON: Right. And then they won't even talk about the person that did this attack. They'll say, well, it wasn't an immigrant. Well, we know his parents are from Rwanda, we know that. Were they illegal? Do they talk about that at all, because I guarantee you that the people out there protesting in the street, the point is exactly the same.

Like, this is a crisis of the government's creation.

GLENN: But I think you are -- I think you are giving too much credit to -- look, they can completely wrong. These people were from Rwanda. Maybe they came here legally. And they've been great citizens. And their kid is a great citizen.

It has nothing to do with them, or the kid.

This is -- this is the frustration, of the English people saying, my government is not listening to us. That's the Bubba Effect.

We know he's wrong on that. We know.

But that's not the issue. The issue is, you've been lying to us. For too long.

So we'll take care of Bubba. You back off. That's the Bubba Effect, and I think that's what's happening.

Okay.
The worst-case scenario in Iran. They say this one is -- this attack is going to be expected and unlike anything the world has seen. They say, it's a new something.

I don't remember exactly how they said it. But it reminded me of one thing.

I would like to get your opinion. What do you think is coming?

JASON: I think that a similar attack involving a massive amount of drones and rockets is probable.

I think the addition of non-traditional warfare, armaments like those EMP, Electromagnetic pulse type weapons, I know can be launched from artillery or drones or rockets, as well. To knock out --

GLENN: You know they have that?

JASON: Well, I mean, we don't know for a fact. But Hezbollah has claimed they have gotten them. That wouldn't surprise me at all. Those weapons have been around since probably the '80s.

So we know they're out there. They're just rarely used. I think we used them in Kosovo. We've used them a few times. But think about Israel's ability to respond to a massive wave, coming from the Houthis, coming from Hezbollah.

Hamas. Iran, you know, herself.

And then with all of their electronic superiority knocked out. Yeah, we're looking at a much different battlefield, sure.

GLENN: I will tell you, I think -- I was thinking about this, this weekend.

That, I think we're in the same place we were at the end of World War I, and the end of World War II. New things are being -- or at the beginning of World War II.

New things are being invented, horses, instead of tanks.

Or tanks instead of horses.

Airplanes. It changed the battlefield.

And I really feel like our big, huge aircraft carriers, and everything else.

I think those things are a thing of the past, in warfare. I think we could be overwhelmed quickly.

And I think China, for one, knows that.


GLENN: Hello, America. Welcome to the Glenn Beck Program. We are going to talk about what is happening in the stock market today. We are on the edge of a very, very big abyss, and I hope we don't fall into it at this moment.

But some things are happening. And you need to be very well aware of them. And we need to go there, with Carol Roth in just about 60 seconds.

Speaking of the economy, it's just -- it's crimes of mismanagement, at this point.

It's impossible to keep track of everything they're doing, that is just absolutely suicidal.

But you can the raw draw a chalk outline around the US that are. And set up the police tape. There's been a murder here. Maybe after this next election.

Things are K start to get better. Nobody hopes that will get better more than you and I do. But you cannot count on that.

We are in a cycle where weak men have created hard times, and it remains to be seen, if we can pull out of this nose dive and become strong men.

All right. Carol Roth, welcome to the program.

CAROL: Glenn, you have to promise me, that one day, you will bring me on to talk about good news.

We'll talk about ice cream. We'll talk about puppy dogs. I feel like your audience, every time they see me, they're like, oh, no. Carol Roth is back again.

GLENN: I know. Carol, I was just thinking the same thing. We never talk when it's good times.

The stock market now. There's -- I have lots of questions, can you just give me the update on what's happened around the world, and then with the opening bell with the stock market?

CAROL: So last week, obviously, we saw some selling off in the stock market. It started with a repricing of the, quote, unquote, Magnificent Seven tech stocks that had been driving up the market. Taking everything else with them.

And, you know, there's -- I think there was an awakening that, oh, in order for AI to be a thesis, companies will actually have to spend a lot. And then that started kind of things.

A few weeks ago, kind of moving. Then in the middle of last week. We had the Fed, who did not -- excuse me, did not lower rates. But did signal, that that could be on the table for September.

And, you know, normally, you would say, okay. The market, wants the Fed to cut rates. What happened, then we got in weak job report. On Friday.

And while sometimes, the bad news can be good news for the market. In this case, they could take it for bad news. That potentially the Fed was behind the curve in terms of lowering rates. And then they felt like maybe this whole idea of a, quote, unquote, soft landing. The idea that you could get the economy as opposed to inflation down without wrecking the economy is off the table.

Then while all of this is going on. You have the Bank of Japan last week. That decided to do the opposite of the Fed.

They have been in 17 years of basically negative or zero interest rates. So they're amortization is going in the other direction. They are trying to raise rates. The first time in 17 years. About four months ago. And then they decided, because the yen, you know -- the yen against the dollar. They needed to fix that. That they were going to go ahead and raise their rates. And fortunately, they did not thread the needle perfectly on that, and that created implications for their markets.

So when Japan opened, you know, last night, our time -- their time in the morning, they saw this massive, massive sell-off. And what happens sometimes, when you get these massive sell-offs are these unwinding of trades. Because they have had zero to negative interest rates. You get a lot of people borrowing.

Those people who borrow, make bets on the yen, and on stocks.

Both in Japan, and in the US. And then they get the margin calls. And then they end up having to sell. And that begets more margin calls.

So you saw the Japanese Nikkei go down 12 and a half percent, in one day. It was their single worst day since 1987. That Black Monday day.

So now, as, you know, the market has opened here in the United States. You know, there's anticipation of, you know, do we get -- how much blowback do we get?

Especially since we had seen some weakness last week.

And obviously, things will shift during the trading day. As we talk here.

So this is kind of realtime. The market opened up, down, pretty significantly. Depending on the index. Somewhere between three and 5 percent.

And we have seen that come off a little bit, as we're talking realtime.

I think that has -- if there's any silver lining here. It's that night it opened. And it continued to fall. And continued to fall.

There was a little bit of support there. But still, as we're talking. We're still seeing the Dow, down almost 3 percent.

The NASDAQ, down almost 4 percent. So it's definitely an ugly day across the market.

GLENN: So how much of this has to do with technology. NVIDIA, which was the darling, just I don't know. A month ago. Everybody was like, you got to have NVIDIA. And maybe that's greed talking. And maybe that's why you shouldn't buy NVIDIA when everyone is saying that happen. But they're down almost 10 percent today. That's down 23 percent from their high, I think like a month ago. Artificial intelligence stocks are down. Tesla is down. Super micro computer down 9 percent.

They're -- is this just everybody down, and why are the tech stocks down?

Were they just too high? Do you know?

CAROL: Yeah.

So this is a bit of repricing in tech. And let's put this in perspective.

So the NASDAQ, which is very tech-heavy. Sort of a good proxy for what's going on, in the tech market.

The 52-week range, the low point, within the last year of where the NASDAQ has been, was 12,544. We're still today, at over 16,000.

So over the last 52 weeks, we still have these massive gains, and it got as high as 18,671.
And I think that's part of the catalyst here.

I mean, these prices, this, quote, unquote, bubble was not sustainable, a lot of people were talking about that.

And the fact that, you know, we see this over-exuberance in tech all the time. You know, first it was web three and the Internet of Things. And the metaverse, and now it's AI.

And all of those DCs have eventually come back down to reality. I'm not sure we're in reality yet. But, you know, as you have companies talking about their earnings, and talking about the spend.

I think there was just this insanity amongst investors. That they felt like AI was just going to take off. Without looking at the cost side.

And as companies are talking about, here's how much capital we will have to deploy, in order for this AI thesis to really work out. I think the market went, oh, okay. Maybe we're not pricing this correctly.

So I think that's part of it. Another catalyst that we've seen. Warren Buffet, noted that he had lessened his position in Apple by about 49 percent.

And obviously, that is --

GLENN: Yeah. That's not lessening. That's not lessening.

That's cutting it in half. That's significant.

CAROL: Cutting it in half.

GLENN: And he's doing this with a lot of his holdings. If I understand right.

He's making some of the biggest sales, he's ever made.

It's almost as if he's becoming bullish on America.

And is -- what does he know that we don't know again?

CAROL: This is a good question. And it's funny, we're having this discussion today.

If you go through his shareholder letter. His other -- one of his other big bets. That he talks about in the shareholder letter. Started in 2019. He doubled down in Japan. He has five really big companies. And really big positions in Japan. So the day that we're talking about Japan going down. And at the same time, the US is going down.

Obviously, Warren Buffet wasn't a catalyst for both of those things. He's still -- as far as we know, still bullish on the Japanese train. But it is interesting.

He has this massive cash pile, I mean, $276 billion, I think it is. Which is just almost impossible, to deploy.

I mean, to think about how, you know, as an investor, you even think about putting that to work and getting the appropriate returns.

So I don't know -- there could be several catalysts.

This is all very much speculation. Because we have not heard from Warren at this point.

I don't know if this is a signal. Where he felt like, hey.

Tech is just getting, you know, so froth peep this is a really good time for me to take profits.

Maybe a little bit of taking profits, ahead of the election.

Worry about an increase in capital gains, perhaps.

Under a potential new administration.

Although, I don't think he would have sold, you know, half of the position, because of that. But one never knows.

And, yeah. Just repositioning his portfolio. But certainly, given the fact that he's lauded as the best investor of all time.

When he does things, people have concern. And the fact that whether it's Bank of America. Or it's Apple. Or some of his other positions, you know, add the fact that he is going to cash -- certainly, I would imagine, on the retail side. And probably on the institutional side, to some extent, has an impact in terms of people's behavior.

RADIO

ATF Whistleblower Reveals Where Cartel Weapons REALLY Come From

The Mexican government is suing US gun manufacturers for allegedly arming the Mexican drug cartels. But former ATF agent and whistleblower John Dodson tells Glenn that this is a complete lie! Dodson makes the data-driven case that it’s the Mexican government, not the US government or US manufacturers, that’s really responsible for arming the cartels. So, what can President Trump do to stop this? Dodson gives his plan …

Transcript

Below is a rush transcript that may contain errors

GLENN: John Dodson is with us. He's been with us before. He's the whistle-blower on -- on Fast and Furious. He's blown a lot of whistles.

This one, now, he's a former ATF agent. And he's far enough away from things, to where he can legally say everything that he knows. I think, everything he knows.

But right now, the Mexican government is suing our gun makers. I believe this started, and the seeds were planted by the Obama administration, on this one.

But I could be wrong. But they're suing US gun makers. And they're blaming us now. The tariffs are going up.

Why? Because unfair trade.

Let's just have regular trade with each other.

When you charge us, we'll charge you. But in the case of Mexico, it is also mainly about the border, at this point.

You have got to declare those drug cartels, enemies of the state. And terrorist organizations. And you've got to stop them!

If not, we will! But you've got to stop what's happening on our border. What have they done?

They're blaming us for the drug cartel violence.

I'm sorry. They're blaming our gun manufacturers for this. John is here to tell us the whole story.

The author of The Unarmed Truth. Hello, John. How are you?

JOHN: Hey, I'm fine, sir. Thank you so much for having me on.

GLENN: Oh, yeah. I appreciate it. So tell me what's really going on.

JOHN: Well, what's really going on is actually complicated. But the just of it is, the Mexican government is far and away, responsible for arming the cartels.

The data that I have seen. And the way that the eTrace system works. So ATF has eTrace, which is where firearms tracing is conducted. And if I can give you a brief backup on it, if you don't mind --

GLENN: Yeah.

JOHN: So the only way we can successfully trade -- I say we, I mean ATF. I'm retired now. But the only way you can successfully trace a firearm is if it has a US nexus. It was either manufactured here or imported into the US at some point. Either way, it's stamped and manufactured in the US. Or imported into the US by the company that gets them. So to say that all the crime guns successfully traced in Mexico are US-sourced firearms, it's kind of a rigged ball game. Because the only ones we can successfully trace are US firearms anyway. If a firearm was made in the former Soviet bloc or China or --

GLENN: We wouldn't have access to that. We're not tracking that.

JOHN: Exactly. We can't trace that. So it doesn't come back. The numbers are skewed from the very beginning.

Now, put on top of that, of the US-sourced firearms. And this is where it comes into, what's the motive behind it?

Is it ignorance, or is it deception?

So to say that the vast majority of crime guns recovered in Mexico are traced back to US sources. Okay. Again, we can only successfully trace those that are US-sourced anyway.

But you are not discounting those ones that were purchased directly by the Mexican government.

Now, I have worked on the border for the past 12 years of my career.

Especially in firearms trafficking. In Fast and Furious, I was in a firearms trafficking unit. Like, that is all that we were supposed to do.
And if you look at the data, from eTrace, it's -- like it's clear.

It's so clear. And by the numbers. The reports that I ran before I retired, every year, any 12-month period since 2010, until the day that I retired in 2023, whatever 12-month period you want to run, the Mexican government accounts for about 70 to 75 percent of the prime guns recovered in Mexico.

And these are direct purchases by the Mexican government, or government-to-government sales. From the US government to Mexico.

The problem is, those weapons are considered US-sourced. An ATF doesn't delineate, doesn't take those out of the numbers when they speak to Congress. Or when they release the information. They count them as US sourced firearms. So the American civilians firearms market is left holding the bag and blamed for the cartel violence in Mexico.

GLENN: So wait. Wait. Wait.

So Mexico is buying this from us. And I assume that that -- those -- those guns are supposed to go to the Mexican government to fight cartels, et cetera.

Are these guns -- are these guns going into the hands of the cartels?

JOHN: Yes. 100 percent.

And I think on the take is, most of the money that they use to purchase these firearms is provided by the US government.

The Mexican government says, well, we need help fighting the cartels.

So we give them money to purchase equipment and weapons. They buy these weapons directly from manufacturers. And I'll just say coal just as an example. Just because everybody is recommending. They'll buy two boxes of -- you know, error variance from coal. These are military grade weapons.

Two -- one goes to the Mexican military, one is diverted in the black market. Those ones in the black market are recovered in crime scenes, and substantively traced, and then that's counted as a US-sourced firearm.

When they released the data about all the guns in Mexico, they count that as a US-sourced firearm.

GLENN: So do we have the serial numbers to prove that they were purchased by the -- by the Mexican federal government.

JOHN: 100 percent.

GLENN: Oh, my gosh.

JOHN: If you look at the E-Trade data. One of two ways, it will come back. And there are several different ways that this happens. So the Mexican government, the ATF has issued different entities of the Mexican government FFL numbers. They all begin with a Z. It has a Z as a first character. So they can purchase directly from manufacturers. Right?

And so when one of those firearms are traced. The trace comes back and says, this firearm was traced on a foreign government or law enforcement agency. Then the other way of doing is if they fight the government, the government fails.

So the firearms trace comes back and says, quote, the firearm is a US military weapon, end quote.

So those are weapons purchased by the US government. And then sold to the Mexican government, in order to support their effort to see the fight the cartels.

But, in fact, the vast majority of the guns that are being recovered in Mexico. Are stemming from these direct purchases by the Mexican government. And I'm not just -- it's at least 70 percent.

Every year that I ran it. And I've run it religiously, until the day I turned my computer in, and retired. I ran it. And it was 72 percent on that day. And it's always been 70 to 75 percent.

GLENN: So we're talking to John Dodson.

He is a former ATF agent. He was a whistle-blower on Fast and Furious. He's the author of The Unarmed Truth.

And we -- I think you were on the air. And we talked about this, and we talked about how the ATF was targeting and harassing whistle-blowers who were testifying in front of Congress.

And I think you made a slight reference to this.

But you couldn't talk about it. Or wouldn't talk about it. What's ranged?

JOHN: Well, if you remember, there was a different administration at the time.
(laughter)

GLENN: Okay.

JOHN: I was definitely worried about being prosecuted. For describing this information.

GLENN: All right. All right. So who is -- when they were doing this, is this because the Mexican government is the drug cartel?

The Mexican government is afraid of the government cartel?

Who is really afraid of pushing the government to sue our gun manufacturers here.

JOHN: Well, and those questions are what I refer to as echelons above Dodson.

Okay. So best-case scenario, the Mexican government doesn't know.

The current president of Mexico. The former president.

And the one before that, doesn't know.

They only know the data, that the ATF has released, that all these firearms are US-sourced firearms. And, therefore, they blame the US and firearms market. That's the best-case scenario. Then you have to make the argument. Or at least ask the questions of, well, why don't they know the freaking truth?

If they're buying all these guns. They're not getting them all. It's variations of the black market.

Why aren't they afraid of that?

GLENN: Well, you have to ask that of the Ukrainians too. I digress.

JOHN: That's a whole other issue. I can only imagine.

GLENN: Oh, my -- oh, my --

JOHN: So the Mexicans, either they're willfully ignorant. All right?

Or it's entirely corrupt. Either way, but what frustrates me the most, is especially now, during these current negotiations with the Mexican government over these tariffs and things like that.

Every time, you -- you hold them to account for something, the first response is, well, you have to stop the, quote, flow of firearms, end quote. You have to stop it.

And it's so hard. When we're negotiating. When we're negotiating with facts that aren't true. That aren't accurate. Or at least are disguised in a way, where they don't have the true story.

It's not fair to the American government. It's not fair to the American people. And it's not fair to the Mexican people at all.

GLENN: Okay. So then why don't we do this?

Because you can buy guns elsewhere, Mexico. Why don't we do this. If Trump knows this, and I don't know if he see, if Trump knows this, why doesn't he say, you know what, you're right.

We will stop all guns from crossing the border. You can no longer buy American arms. I know that would hurt the arms companies here's in America.

For maybe a year.

JOHN: Right. Right.

GLENN: But then things change, and the truth is out.

And Mexico doesn't want that. Why wouldn't he just say, okay. We'll stop all the guns coming across the border.

Buy your guns elsewhere. For the next 12 months. And let's see what happens.

JOHN: Well, I will be honest with you, because I don't think they know. That's part of the reason, I'm talking to you.

There's no way to tell them. They'll call ATF. And ATF will say, oh, yeah, 80 percent of the firearms are US-sourced firearms, but they don't take into account the direct purchases by the American government, or the government fails.

So whoever is handling negotiations with Mexico. If they would sit down at the table, and say, hey, we need you to work on fentanyl. And border crossings and border security and things like that. Then Mexico will do what they always do. Which will say, well, you have to stop the flow of firearms. Okay. Give me one second.

I just rescinded all the export licenses for your government, to purchase firearms directly. I have revoked the foreign FFLs of ATF, and I have cease and had desisted all government to government sales from the Department of Defense and the State Department there. Instantaneously, I have cut over 70 percent of the crime being supplied in Mexico.

So now, Madam President, it's your turn. What are you going to do? Put up or shut up.

GLENN: That's brilliant. Have you talked to anybody in the administration about this?

JOHN: No, sir. How does anyone talk to the administration?

GLENN: All right. Do me a favor. Give me a white paper on this, and you tell me who it needs to go.

JOHN: Okay. I have been pounding this for years. I have brought this to the attention of my ATF supervisors, as far up the chain as I could go. I even physically handed the printouts, the documents, the data to the highest-ranking DOJ official in Mexico City at the time, and nothing ever happened on it. And, again, this is the previous administration.

GLENN: Well, you don't expect anything from that, but I expect something from this.

So give me the names of who it should go to, and give me the best, sharpest white paper on it. Don't overwhelm with facts. Give me the, you know, executive summary on the front. So it could be understood and explained.

And then give me all the facts after that. I'll have it delivered to the right people. And then I'll -- I'll give them time to read it and digest it, or their people to digest it, and then I'll ask for an answer. What happened here? Why aren't you doing it?

JOHN: I have no problem with that, and I will work on this immediately, this afternoon.

In the meantime, sir. And I want to tell you, I know there are a lot of ATF agents that listen to your show. And people probably in the administration don't have to take my word for it. You can call any ATF agent. Someone in the administration calls the field office. Don't call headquarters. Call the field office. Call any ATF agent that has a trace account. And say, hey, I want you to run a report for me. Log on to e- trace, on the right-hand side, to generate a statistical report. Click on that. It will automatically go to your work code.

Change that default to recovery location. Put in Mexico, and put in any 12-month time period that you want. And you will see. The data is clear on this issue.

All right? The Mexican military is the number one source of supplying crime guns to Mexican cartels, hands down. And I mean, exponentially so. When you see the data, it will -- like, it -- it's -- it's flabbergasting.

GLENN: John, give me the data and get me those -- that white paper on it.

An executive summary. And I will -- I will get it -- I will get it to them. As soon as you give it to me. I will turn it right around, to all the leadership.

GLENN: Thanks, John, I appreciate it.

God bless.

John Dodson.

The unarmed truth.

If you're an ATF agent, if you can do that. You can verify what he's saying. Call us.

I would love to hear from you.

Mexico, is suing us. They're suing all our gun makers here in America for $10 million. No. I don't think so.

It's going to the Supreme Court. I think the Supreme Court will say, you don't have a leg to stand on.

Again, it's the same kind of corrupt mentality, of the last administration.

You know, of not actually addressing the issue. But going after little pet peeves.

And going after our guns. And our rights to guns.

RADIO

Yes, Trump CAN Deport Green Card Holder Mahmoud Khalil for Protesting

ICE has arrested pro-Palestinian activist Mahmoud Khalil, a green card holder, for allegedly helping organize anti-Israel, pro-Hamas protests at Columbia University in the wake of the Oct. 7, 2023 attack on Israel. But now, some are claiming that the government has violated his right to protest. So, do green card holders have this right? Can the Trump administration rescind his green card and deport him over this? Glenn makes the case that YES, it can.

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. Now, while we're talking about enemies of the state, let's talk about the enemies within.

There's this big debate over the green card thing. I've got a green card, so I can disrupt. No. No.

This is about Mahmoud Khalil. He's a green card holder, that is now facing being deported. Because he is a guy sowing the seeds of dissent, of violence. He is the guy who was responsible for much of the bad stuff that was happening at Columbia University.

And now, Trump, he's going in with immigration. And he just hates everybody. That's different.

No. No. That's not what's happening here. This guy is not a citizen. Not a citizen.

He was leading the protests. Really, violent, awful, ugly, anti-Semitic protests, at Columbia University. Not just anti-Semitic. But leading towards the whole Islam is great, we should have Sharia law kind of ideas.

This cannot be tolerated here in America. He holds a green card. What is that? That is a ticket. A golden ticket, to live and work in America.

But just like Willy Wonka, you can be ejected from the tour of the chocolate factory, at any time. There's some fine print there, that you might want to take half glasses. And read half of the contract like they did in Willie.

It's not a passport. It's not citizenship. So let's look at this.

You're handed a guest pass, to the greatest estate on earth.

Okay? The greatest estate ever built. Marble floors. Golden chandeliers. It's the greatest.

Nobody ever thought that it could be that great, but it is.

The view that stretches on forever and ever.

And you've been invited to sit at the table.

Have some wine. Live some life.

But you don't own the deed. The owners are being very, very generous. And they said, stay as long as you want. Now, honor the house. You have to live by our rules. Honor the house.

So you've been invited to sit at this table, eat your fill. Live like you're somebody that is part of the family.

But then you start smashing the windows. You tart, you know, whispering to other members in the House, about, this place is bad.

This place has got to go. We have to leave this place. How long before that key is snatched from your hand by the owner?

And who in their right mind would say, you can't take the key from him.

No!

If you're a family member. If you care about the house, no one would say, Dad, you're being a little unreasonable. He was only trying to torch the kitchen and the guest wing.

No!

He's a guest.

And that's where we are with this guy, and so many others!

Every green card holder, that mistakes privilege for a birthright, you're in for a surprise! There's a new sheriff in town.

There's a new sheriff in town. He's great. We love him. It's a revocable lease. That's what that is! It's not a title! You're not Lord of the manor.

He's got a revocable lease with you!

And here we are, today, we're all like, I don't know this.

I mean -- he should be able to sew chaos and terror. Spread all the anti-American seeds he wants!

No!

He cannot. Here's why: A green card will make you a permanent resident. Legal.

But not a citizen. You don't vote, you don't sit on juries.

By the way, those two things are responsibilities. Not rights!

So you have no responsibilities as a citizen. Which means you have no rights as a citizen.

And if you step out of line, you get sent back.

The Constitution wraps its arms around citizens. Freedom of speech.

Assembly, all of that. Noncitizens, no!

There's an embrace there. But it's very, very, very loose. Supreme Court, made a rule, back in 1893, when I was just a kid with Fonguting.

Wait until you hear the story of Fonguting. Very exciting case.

I'll start there in 60 seconds. First, here's a simple truth that people used to know. When -- when something like the power grid fails.
And, oh, it will fail!

It will fail!

You just sit around, waiting for somebody else to get the lights back on!

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(music)
Well, back in my take, in 1893, there was this young whippersnapper called Fonguting.

And he went -- his case was taken to the Supreme Court. I won't bore you with all the details, because I was too bored to really read them.

But I do know that the outcome is Congress can deport noncitizens at will. There is no right to stay here. It doesn't exist. You break the law. You threaten the nation.

Buh-bye. That's not cruelty. That's the rule book!

So this guy, kicking him out, that's not cruelty. That's not a tragedy of his rights being violated.

He has no rights!

It's privileges, revoked.

Not rights. Privileges!

Now, think about this again. You're inviting somebody in your home. You're welcomed to the couch. You can have all the coffee you want. You have the peace and quiet. But if you start carving up the furniture or plotting to burn the roof off. I don't owe you a bed anymore, or matches to light the fuse.

Period. America is exactly the same. We have flung the doors open, so wide, millions walk through.

And I'm happy about this, to chase their dreams. But that comes with this deal. Don't tear down!

You don't do that. You can't take the things that are holding this whole thing together, and start taking the beams down. You can't!

You're not a citizen. You know, if you hate the beams. You're really rude. But you're also a massive risk. Get the hell out of here. And, by the way, I think we have enough cracks in our foundation without hanging out free hammers. I don't know about you.

But, hey. We shouldn't give hammers to anybody that comes in here. We should take those hammers away.

So if history is a teacher and that teacher has got some scars to show you, this isn't about free speech.

Because that's sacred for you and me. We're citizens. You're born here or you swear an oath, you have skin in the fight, you can rant, you can rave. You can burn flags if you want. That's your call.

Your family, you've earned the voice!

Green card holders. You're our guests. You know, you want to do whatever you want. That's fine.

Get the hell out, period.

We have to guard the gate. You see what's happening in Europe! It's not good. It's not good at all.

We cannot go down that route. Green card holder, you're preaching terror. Buh-bye. Stirring chaos. See you later. Spitting on the values that opened the freaking door for you?

Buh-bye! Want to stay? Build, don't burn. Period.

THE GLENN BECK PODCAST

Kid Rock’s WILD White House Dinner Plan to Unite America | The Glenn Beck Podcast | Ep 248

You can go to https://pbrworldfinals.com/ to buy tickets to Kid Rock’s Rock N Rodeo and the PBR World Finals this May in Arlington and Fort Worth, TX.

“Make America Fun Again,” says the one and only Kid Rock in a sit-down with Glenn Beck, marking the beginning of what looks like an American comeback. From the popularity of Kid Rock’s new Rock N Rodeo venture with the Professional Bull Riders to his MAGA-rally-style concerts touring the nation, the pair believe we may be watching the revival of the “American Bad Ass.” Sitting together in the Cowtown Coliseum as Kid Rock smokes a cigar, they celebrate the “independent spirit of rock 'n' roll,” which traces back to the cowboy, with Kid Rock declaring, “America owns that cowboy culture.” After lamenting the “pussification” of America, wondering what really happened with Epstein and Diddy, and breaking down why Kid Rock described himself as “socially liberal” until the “transgender stuff,” they discuss how Kid Rock balances his rockstar persona with his real life. “I’m Jekyll and Hyde,” he admits. But Kid Rock is comfortable being an enigma and embraces nonconformists like Elon Musk, calling Musk’s new AI chatbot “genius.” In the end, they agree that it’s time to “unite this country,” and Kid Rock reveals his wild plan for a White House dinner party with Trump and someone you would never expect.

RADIO

How to Explain Trump's Tariff & Ukraine "Chaos" to Your Friends

Half of America is panicking over President Trump’s tariffs on Canada and Mexico and his handling of Ukrainian President Volodymyr Zelenskyy. So, if you have friends or family members who are very skeptical of everything Trump is doing, Glenn breaks down how you can explain it. Are Trump’s moves just chaotic? Or are they a deliberate plan – provoke, pressure, prevail – that is similar to Ronald Reagan’s “Evil Empire” strategy?

Transcript

Below is a rush transcript that may contain errors

GLENN: Several top officials, including the highest ranking legal officer at act blue have reportedly jumped ship in recent weeks. While those who remain are allegedly stuck dealing with a culture of volatility and toxicity.

In a letter to Act Blue's board of directors, obtained by the New York Times, unions representing the workers, identified seven officials who recently quit, and stressed the alarming pattern of high-level exits.

Senior staff departures reportedly began on February 21st, 2 weeks after the organization reportedly provided Congressional investigators with an update regarding Act Blue's security, their fraud prevention measures, and related procedures.

Act Blue, we have known, is I believe, appears to be a money laundering system for the left. And there's a lot of money going through there.

I don't know if DOGE will find any connections to act blue. But I wouldn't be surprised. Why are all these people leaving?

Because they know this game is over. And that's why people are freaking out in Washington.

They are freaking out in Washington, because they know the game is over!

Now, there are those people that are in the government. That believe that they're doing the patriotic thing. Because they believe that they know better than you, the people who elect presidents, or the president himself.

You would not want this, if it was your guy in office. Right?

Why wouldn't you want it?

Why wouldn't you want a bunch of -- let's say Republicans, that are in the Deep State, that didn't give a flying crap what Joe Biden said, and wasn't executing his plan! Why wouldn't you like that? You wouldn't like that, because that's not what the people voted for! The people voted for the president. Not for these unelected bureaucrats, that are faceless, nameless, and have complete control, apparently over your country, and your life!

No!

You wouldn't like it.

And I talked to some people this weekend, that are very upset about Zelinsky, and how the president treated Zelinsky. You've got to watch the entire thing.

People who are watching the clip, to when the vice president steps in and says, hold on here.

That's where people start. That's not the beginning. There's 20 minutes prior to that. Where Donald Trump and J.D. Vance were trying to disarm Zelinsky.

Trying to get him to, hey. Hey. Hey. Not appropriate here. Stop!

But it took him 20 minutes before J.D. Vance snapped, and said with be just stop it.

So you have to inform yourself. And not just the clips.

I am -- I am a little uncomfortable by the way the tariffs are going, with Canada and Mexico.

Not so much Mexico. But definitely Canada.

Mexico is just a -- I'm sorry.

But it's just an absolute corrupt country.

And they have got to get control of those cartels. And we have to get control of those cartels as well.

And make sure we're not doing business with any of the cartels. Which I'm not convinced we're not.

But Canada is one of these countries.

Come on!

It's Canada. It's Canada. We've always liked Canada. Canada has always liked us. Okay?

There he is, a $1.2 trillion online with our trade relationship. Okay? And everybody said, oh, my gosh. This will have a ripple effect.

It will just cost everybody. And, you know what, it might. It might.

I don't know. It might.

On the surface, it is really tempting to see what everything that Donald Trump is doing, as chaos.

He's just swinging, at everybody.

And he's hitting our friends. And he's hitting our supposed friends.

And he's just taking out everybody.

But that's not really what's going on.

And I want you to understand this. So you can share this to your friends and your family, who maybe are freaking out.

We're pissing off Canada. I know.

I don't like it either!

I don't like it!

But it's not chaos. It's a strategy.

And you are dealing with the best negotiator, America has ever had in office.

Ever!

And this is the strategy, that people in America, elected Trump to execute.

Now, maybe your friend didn't. Or your family didn't.

Because they didn't vote for them. Okay. But the majority of people did, okay?

Electoral college, and the popular vote!

And the county swung by 20 points, to the red!

So this is a mandate. It is a movement. And it's not like ear presidents, that are like, you know, I'm -- I'm going to be just like you, when I get in. I'm going to fight for everything that you're saying you will fight for.

And I'm just like you.

Boy, that thing that I don't even address ever, but I love what you're saying there. But I have your back.

And then they go in, and don't have your back.

That's not what happened this time! First of all, people didn't vote for Donald Trump, like they voted for Joe Biden.

Joe Biden they voted for, because it wasn't Trump. Okay?

That's not what happened this time around. When you vote for somebody who is not the other guy, well, what is it you're getting?

In that case, you've got, I will make your boy a girl!

Nobody was for that. Nobody voted for that. Maybe extremists. But we didn't even know that was even coming our way, until what?

Six months, or eight months into the presidency.

And then all of a sudden, DEI.

ESG, all of this stuff was a big story? People didn't vote for that. They did vote for changing the direction of America. They were tired of corruption. They're tired of bureaucrats, telling them how to live their life. Where they didn't get to vote on it. They're tired of being screwed by other countries.

I just -- we just want a fair and balanced playing field.

I don't like tariffs.

I do like reciprocal tariffs.

You put a tax on our milk.

We'll put a tax on your milk.

You don't want a tax on your milk. Then don't put a tax. And we won't tax you either.

I like that!

But that's -- what we're playing now, is people just think, we're going to take out Canada.

I want you to think of this differently with your friends.

And maybe your friends won't like this example. But it's true!

When Ronald Reagan stood up, it was, I think it was in March of '83.

And he's just gotten in, and he's standing, I think it was at a breakfast or something. And he stood up and he said, and Russia, the Soviet Union, is an evil empire.

And everybody went, oh, my gosh. He just said an evil empire. I'm so scared.

And everybody, even people who liked him, were like, don't say that. They'll nuke us.

And he's like, no. We'll never beat them. We cannot do. Now, listen to this. We cannot continue to play the game, the same way, we've been playing it for 50 years. Because it's not getting us anywhere.

In fact, it might be hurting us.

We know, with all of our foreign policy, that we've done, getting us into endless wars. Spending all kinds of money. Racking up a debt of $35 trillion, not knowing what the truth is. Because the government is no longer transparent.

None of that works!

None of that works! And that's what Donald Trump was -- was saying. And that's what people voted for. A change!

I think that's what people actually voted for, when it came to Barack Obama.

Because all of this transparency. Everything was opaque under George W. Bush. We're like, wait. What are we doing there? Why is it -- I don't want necessarily these never-ending wars, and now I have got people checking my underpants at the airport. What are we doing? That's why they wanted change, transparency. They wanted change, but he never defined the change.

Donald Trump was very clear. Anybody, who didn't know that massive tariffs were come, they just weren't paying attention.

Okay. When Reagan did it, it wasn't just a slip of the tongue. It was deliberate. It was a public shot across the bough! He did it in public, because he wanted to change the world.

And while everybody else was going, oh, my gosh. And critics, Democrats, everybody.

He's going to -- it's going to be catastrophic! He's going to get us nuked by Friday.
All the squirrels will be dead. The squirrels are going to be -- what? Reagan wasn't playing for the applause. He was playing to win. His words were backed by a military build-up and unrelenting pressure, and it forced the Soviets to confront their own fragility. They couldn't do it! By 1989.

Remember, it was 1983 when he said "evil empire."

And we were -- we were at -- at equal terms, in the world. We were both world superpowers, that could annihilate the other one at the drop of a hat. That was 1983. Evil empire.

By 1989, the Berlin wall was rubble!

All because Reagan had the balls to say it, and then not blink! Now, we could have been vaporized.

Yes. But if you want to change the world, you're going to have to -- I have this saying, that somebody gave to me, a long time ago. And I live my life by it. Risk big, win big. Risk big, lose big. Just know the odds before you put your money on the table. That's why I don't like Vegas.

I know the odds resident in my favor.

Yes. I can risk big. But I probably will lose big. Because the odds are not in my favor. When it comes to Ronald Reagan's Soviet empire, he had a plan. And so the odds, he knew, were in our favor. The same thing with Donald Trump. We can't afford a trade war, but neither can they!

So let's all play nice with one another.
Shall we?

This is the same kind of leadership that Ronald Reagan had. They -- we elected Donald Trump to fight!

To take on a global trade system! To take on the deficit, and the spending.

We can't fire all these people. It's causing all kinds of chaos.

Wait. Are you okay?

Honestly, are you okay with a good portion of our money, raised in taxes. Going to pay for salaries and benefits the way it is?

We have 6 million plus employees! For what? For what? When you see how corrupt it is, why? Can't we return some of that power?

Well, you can't cut the Department of Education. Why not? He pledged he was going to. He told everybody on the campaign trail, he was going to. And then when he tries, everybody says, why? It doesn't work. Show me the evidence, that it works!

Well, you're just going to leave all of the poor children out to educationally starve. They're starving to death, right now.

They can't read!

When you don't teach children to read, they become slaves to whomever can read!

How is that compassion?

How is that good?

How is that something you want to preserve?

It all comes down to one thing. And this is what you're actually fighting, and I'll explain it to you in 60 seconds.
(music)

Deep in the quiet of a mother's womb, if you listen carefully, there is a voice. Not that one. It's -- it's a heartbeat. It's saying, there's life in here! I am made in the image of God. Just like you.

Our culture hasn't spent very long, you know, actually listening. We've been plugging our ears because we don't want to hear that voice.

Some people don't want to hear -- it's inconvenient. Expectant mother, especially the desperate, often choose to silence that voice. They don't even want to think about it because they're desperate.

Instead of looking at people and saying, you're a baby killer! Why don't we look at people and say, how can we help you hear that voice? That is exactly what this organization does, that will help you.

It will help these women hear that voice.

Because they offer free ultrasounds to expectant mother. The organization is Preborn.

At least half of the time, that's all it takes, to convince a woman, she's carrying a living human being. And she will change her mind.

However, the other big obstacle is, I can't. I don't have any support.

Will you do what the Preborn clinic -- because they care about the baby, and the mom. And they will help her for two years. After the baby is born.

Preborn.com/Beck. You're saving lives.

Hit #250. Key word baby. Make a donation of any size that you can. Maybe it's a monthly contribution. Preborn.com/Beck.

Every 28 bucks buys another ultrasound. Preborn.com/Beck. Sponsored by Preborn.

Ten-second station ID.
(music)
So let's just look at Canada and the tariffs here for a second. 270 percent tariffs on our dairy imports.

$40 billion for, you know, in goods surplus. That's not a quirk. You know, Donald Trump keeps saying this. And people don't realize this is true.

The EU was designed to be able to compete against the United States. Okay?

They are economic competitors. That doesn't mean they're enemies. The same thing with Canada. And when you're the rich person, believe me, look at how people look at rich people.

They haven't paid their fair share in taxes. That's the way they view us.

Okay? We pay more for our medical prescriptions here in America than they do overseas. Because we even view ourselves, politically, when the people in power actually have anything to say about it.

They are like, well, they're the richest country in the world, so we should pay more. No!

Should somebody defend us as well? That's what Donald Trump is. Here's what this boils down to.

It boils down to your friends are not paying attention.

Because they've already made their mind up, about Donald Trump.

They don't know who he is. Okay? Did you like it, when -- when you went over, and he was like, yeah. That little guy, missile boy. And he was saying that about Kim Jong-un who had his finger on a launch button. You're like, okay.

This isn't good. What happened?

What happened?

We won!

And he got American citizens, that were being held hostage, out of there.

All of a sudden, he's friends with him.

No. He was just calling him, you know, rocket man. Just like ten minutes ago.

This is what he does!

This is how he negotiates!

It's -- it's his playbook is provoke, pressure, prevail.

That's what it is!

So people are just afraid because it's a different approach.

And nobody likes to upset the -- it's like -- can have you ever -- I'm a horrible negotiator. I go in to a buy a car, I don't even go. I send a friend in, because I'm like, I can't negotiate. I always feel bad.

I'm like, I don't know. I don't want to screw you.

Horrible. Horrible. So I have a good friend, who goes in. Robert, my brother. He goes in, and he negotiates.

And he loves it. Okay? Because that's the game they play all day. And they know you don't like it!

And you're like, I don't want -- I just want everything to be fair and nice and happy. No.

When you're negotiating. You bring the biggest dog to the negotiating table, you can get!

Somebody that knows how to play their game, as well as they do, if not better.

And doesn't blink! That's how get a good deal. That's what Donald Trump is. And you're the person like me. In the car dealership, going. Well, but no.

He doesn't really mean that. I don't know. Maybe he's had a really bad day. But I -- Mr. Car salesman. I appreciate your family. I don't want your family to starve. They're not going to starve. This is the game they play! And nobody likes to play that game!

That's I couldn't hire someone like Donald Trump. To come in, and play that game.

Your job is to not freak out. Because if you freak out, the other side sees the whole family sitting there, squirming. And then they just look at you, like, really?

Can you believe this guy, who is negotiating on your behalf?

He's a monster.

And what happens? The family starts to squirm, and they blink!

Don't blink. You may not like the style, but this is what we voted for! Complete change!