April 11, 2025

Tariffs, Investigations, and a Not-So-Pink Moon"

Tariffs, Investigations, and a Not-So-Pink Moon"

The latest episode where Patrick Gutfield takes aim at the political circus surrounding Trump's tariff reversal as Democrats call for insider trading investigations. Plus, YouTube star Mr. Beast challenges the economics of "America First" tariffs, and...

The latest episode where Patrick Gutfield takes aim at the political circus surrounding Trump's tariff reversal as Democrats call for insider trading investigations. Plus, YouTube star Mr. Beast challenges the economics of "America First" tariffs, and a breakdown of this weekend's misleadingly-named "pink micromoon" that promises to be slightly less impressive than advertised. Cutting commentary on Wall Street's armchair psychology, political pearl-clutching, and celestial non-events that somehow still make headlines.

WEBVTT

1
00:00:03.160 --> 00:00:10.359
Callaroga shark media from Washington, DC, where nobody is insider trading.

2
00:00:10.640 --> 00:00:13.800
This is ballot. That's right, everything is on the up

3
00:00:13.839 --> 00:00:15.359
and up. Let's hit this.

4
00:00:17.760 --> 00:00:22.199
Democratic senators are clutching their pearls again, demanding investigations because

5
00:00:22.239 --> 00:00:24.559
the stock market actually went up for once.

6
00:00:25.000 --> 00:00:27.559
Can you believe it? So here's the setup.

7
00:00:28.160 --> 00:00:32.520
President Trump rolled back some tariffs Wednesday, and the market skyrocketed.

8
00:00:33.079 --> 00:00:33.560
Before that.

9
00:00:33.719 --> 00:00:36.759
He posted on truth social saying be cool and this

10
00:00:36.920 --> 00:00:40.359
is a great time to buy now. Adam Schiff and

11
00:00:40.439 --> 00:00:45.439
Reuben Galago won an investigation into possible insider trading. You know,

12
00:00:46.000 --> 00:00:49.079
I haven't seen Democrats this concerned about stocks since they

13
00:00:49.119 --> 00:00:52.560
discovered their investment portfolios were funding the very corporations they

14
00:00:52.600 --> 00:00:56.280
pretend to hate. Also apropos of nothing. You know who

15
00:00:56.439 --> 00:00:59.119
historically has seemed to be really good at the stock.

16
00:00:58.799 --> 00:01:02.679
Market, the police family. But I digress.

17
00:01:03.280 --> 00:01:06.040
Trump drops some tariffs to ten percent on every country

18
00:01:06.040 --> 00:01:09.560
except China, and suddenly the Nasdaq jumps twelve point one percent,

19
00:01:09.840 --> 00:01:12.840
its biggest single day gain since twenty twenty one. The

20
00:01:12.959 --> 00:01:15.799
Dow up seven point eight percent.

21
00:01:16.640 --> 00:01:17.280
That's the kind of.

22
00:01:17.319 --> 00:01:20.480
Number that makes Elizabeth Warren develop a sudden interest in capitalism.

23
00:01:21.200 --> 00:01:25.319
So what's the Democrat's evidence of wrongdoing? Trump posted be

24
00:01:25.519 --> 00:01:26.920
cool on social media.

25
00:01:27.000 --> 00:01:28.680
That's it. That's their smoking gun.

26
00:01:29.599 --> 00:01:31.840
I haven't seen a weaker case since my cousin tried

27
00:01:31.840 --> 00:01:34.879
to sue a water park because he got wet, and

28
00:01:34.959 --> 00:01:39.480
Senator Dick Durbin says this deserves closer scrutiny. You know

29
00:01:39.560 --> 00:01:42.760
what deserves closer scrutiny the fact that Durbin can still

30
00:01:42.799 --> 00:01:46.120
act surprised when politicians try to improve their bottom line.

31
00:01:46.120 --> 00:01:48.519
That's like being shocked when you find out water's wet

32
00:01:48.879 --> 00:01:53.120
or that Tim Wall snores during cabinet meetings. Meanwhile, John

33
00:01:53.200 --> 00:01:57.159
Cornyn called the whole thing ridiculous, saying Democrats are just

34
00:01:57.200 --> 00:02:00.480
trying to take a dig at Trump. I haven't seen

35
00:02:00.519 --> 00:02:05.480
Republicans and Democrats this divided since well yesterday. The truth is,

36
00:02:05.560 --> 00:02:08.120
if you're shocked that someone in Washington might be using

37
00:02:08.199 --> 00:02:11.919
inside information, I've got a bridge to sell you, and

38
00:02:12.039 --> 00:02:17.039
unlike this investigation, that bridge actually leads somewhere. Trump has

39
00:02:17.080 --> 00:02:19.800
managed to create such chaos with his trade policies that

40
00:02:19.919 --> 00:02:22.400
some Wall Street big wigs are questioning his mental state.

41
00:02:22.439 --> 00:02:23.479
I'm not making this up.

42
00:02:23.599 --> 00:02:26.120
Thomas Lee from Funstrike Global Advisors wrote in a memo

43
00:02:26.159 --> 00:02:28.639
that he's been chatting with fund managers who are genuinely

44
00:02:28.639 --> 00:02:31.719
concerned the White House might not be operating on all cylinders.

45
00:02:31.960 --> 00:02:34.960
And get this, some are quietly wondering if the President

46
00:02:35.039 --> 00:02:39.719
might be insane. When financial analysts start playing armchair psychiatrist,

47
00:02:39.879 --> 00:02:43.199
you know things have gone off the rails. The stock

48
00:02:43.280 --> 00:02:46.879
market is now officially more unpredictable than a season finale

49
00:02:46.960 --> 00:02:50.560
of The Bachelor, At least with The Bachelor, you know

50
00:02:50.639 --> 00:02:54.400
someone's getting a rose with these tariffs. The only thing

51
00:02:54.439 --> 00:02:58.280
we know for sure is that drama is guaranteed now.

52
00:02:58.319 --> 00:03:02.199
The YouTube Chocolate King Mister Beast is taking aim at

53
00:03:02.240 --> 00:03:06.479
President Trump's tariffs. You know, when a guy who buries

54
00:03:06.520 --> 00:03:09.919
himself alive for views starts talking economic policy, we.

55
00:03:09.879 --> 00:03:11.000
Should probably listen.

56
00:03:12.000 --> 00:03:15.560
Beast has criticized Trump's Liberation Day policies that economists say

57
00:03:15.599 --> 00:03:19.319
will raise inflation, halt business growth, slow hiring, and likely

58
00:03:19.439 --> 00:03:22.960
lead to a recession. These tariffs have already wiped out

59
00:03:23.000 --> 00:03:26.680
trillions from the stock market, affecting retirement accounts everywhere.

60
00:03:27.360 --> 00:03:28.680
And here's where it gets interesting.

61
00:03:29.639 --> 00:03:32.560
Mister Beast says it's now cheaper to make his Feastable's

62
00:03:32.639 --> 00:03:35.759
chocolate bars outside America because other countries don't have a

63
00:03:35.840 --> 00:03:39.479
twenty percent plus tariff on his cost of goods. You

64
00:03:39.560 --> 00:03:42.080
know you've messed up when it's more economical to ship

65
00:03:42.240 --> 00:03:44.759
chocolate across oceans than make it in your own backyard.

66
00:03:45.599 --> 00:03:49.039
That's not America first, that's America. Take a number and

67
00:03:49.120 --> 00:03:53.639
wait outside. Beast is particularly concerned about small businesses, saying

68
00:03:53.680 --> 00:03:56.000
the tariffs could really be a nail in the coffin

69
00:03:56.080 --> 00:04:05.960
for them. So this Saturday night, we've got what they're

70
00:04:05.960 --> 00:04:09.240
calling a pink moon coming up. I want to be clear,

71
00:04:09.719 --> 00:04:13.240
the moon will not actually be pink, which seems like

72
00:04:13.360 --> 00:04:16.360
false advertising, but apparently that's just what we call April's

73
00:04:16.439 --> 00:04:19.839
full moon. This is the fourth full moon of the year,

74
00:04:19.839 --> 00:04:23.560
in the first of astronomical spring. But wait, there's more.

75
00:04:24.040 --> 00:04:27.079
It's also what they're calling a micro moon, which is

76
00:04:27.120 --> 00:04:28.759
the opposite of a super moon.

77
00:04:29.720 --> 00:04:30.279
That's right.

78
00:04:30.519 --> 00:04:32.800
This moon will be at its farthest point from Earth,

79
00:04:33.160 --> 00:04:36.439
making it look smaller than usual. The moon will reach

80
00:04:36.519 --> 00:04:39.319
peak fullness at exactly eight twenty two in the evening

81
00:04:39.319 --> 00:04:44.560
Eastern time. I love how precise astronomers are about this stuff. Oh,

82
00:04:44.639 --> 00:04:46.680
the moon will be at its fullest at eight twenty

83
00:04:46.720 --> 00:04:50.160
two and seventeen seconds, and at a twenty three day

84
00:04:50.240 --> 00:04:52.959
from accounting, will suddenly realize his marriage is falling apart.

85
00:04:53.839 --> 00:04:57.199
According to the Old Farmer's Almanac, which I assume is

86
00:04:57.199 --> 00:04:59.439
written by a guy with a really long beard who

87
00:04:59.519 --> 00:05:02.600
keeps saying, mark my words, they call it the pink

88
00:05:02.680 --> 00:05:07.279
moon because of flocks flowers. These mossy plants produce a

89
00:05:07.319 --> 00:05:11.439
carpet of pastel colored flowers in early spring, including pink ones.

90
00:05:12.279 --> 00:05:17.079
So essentially we named a celestial body after groundcover. That's

91
00:05:17.160 --> 00:05:21.040
like naming a hurricane after your doormat. This full moon

92
00:05:21.120 --> 00:05:24.720
also goes by Pascal or Lentin, depending on when Easter falls.

93
00:05:24.720 --> 00:05:28.720
The Royal Museum's Greenwich explains that Easter is the first

94
00:05:28.800 --> 00:05:31.720
Sunday after the full moon that occurs on or after

95
00:05:31.759 --> 00:05:35.120
the spring equinox. I don't know about you, but I

96
00:05:35.199 --> 00:05:38.759
definitely needed a flow chart to follow that explanation. Now,

97
00:05:38.879 --> 00:05:43.000
about this whole micro moon business. The moon orbits Earth

98
00:05:43.000 --> 00:05:46.519
in an elliptical path, not a perfect circle. When it's

99
00:05:46.519 --> 00:05:50.360
at its farthest point, called apogee, it appears slightly smaller.

100
00:05:51.199 --> 00:05:53.639
This will be the second and most distant micromoon of

101
00:05:53.720 --> 00:05:56.000
three consecutive ones from March through May.

102
00:05:56.680 --> 00:05:57.439
But here's the thing.

103
00:05:58.000 --> 00:06:01.279
The difference in size is barely noticed to the naked eye.

104
00:06:01.480 --> 00:06:05.360
We're talking about a seven to fourteen percent difference. That's

105
00:06:05.519 --> 00:06:08.600
like the difference between a large and extra large coffee

106
00:06:08.639 --> 00:06:12.000
when the barista isn't paying attention. If you want to

107
00:06:12.040 --> 00:06:15.759
catch this underwhelming celestial event, your best viewing will be

108
00:06:15.800 --> 00:06:19.959
across the south, southeast, and portions of the West. If

109
00:06:19.959 --> 00:06:23.399
you're in the northeast or mid Atlantic, tough luck. There's

110
00:06:23.439 --> 00:06:26.360
a slow moving storm coming through that'll block your view.

111
00:06:27.199 --> 00:06:29.680
It's like the weather heard there was a slightly smaller

112
00:06:29.720 --> 00:06:33.360
moon and said, don't worry, I got you covered. Literally,

113
00:06:34.199 --> 00:06:37.480
the next supermoons won't come until fall, with October, November,

114
00:06:37.519 --> 00:06:40.959
and December full moons, so mark your calendars for when

115
00:06:40.959 --> 00:06:43.120
the moon will look slightly larger than normal.

116
00:06:43.360 --> 00:06:43.839
Or don't.

117
00:06:44.000 --> 00:06:46.879
I mean, we've got streaming services now you can watch

118
00:06:46.920 --> 00:06:51.759
something way more interesting. I'm Patrick Gutfield and that's the

119
00:06:51.839 --> 00:06:54.879
scoop on Tariffs, weird moons, and Trump Urst the Beast,

120
00:06:55.360 --> 00:06:57.519
And no, that's not the title of the next Monster

121
00:06:57.560 --> 00:07:01.600
Truck Rally, though I definitely watch that Portions of today's

122
00:07:01.639 --> 00:07:04.720
show were made with the help of AI. We're going

123
00:07:04.759 --> 00:07:06.759
to try to take the weekend off, but you know

124
00:07:06.759 --> 00:07:07.759
how that tends to go