The MeidasTouch Podcast Trump Has Disaster Monday AM as Shock Sets In
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Apr 7, 2025 Chaos unfolds in the financial markets as Trump's unpredictable return wreaks havoc. His tariff policies spark instability and speculation, leading to a shocking drop in the S&P 500. The discussion digs into misinformation surrounding economic policies and the portrayal of Venezuelan migrants. A landmark court ruling on deportation rights is highlighted, emphasizing the importance of due process for lawful residents and its potential ripple effects in the judicial system.
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Market Mayhem
- The markets experienced extreme volatility due to Trump's actions, including a rumor about a tariff pause.
- This rumor, later denied, caused dramatic swings between market gains and losses.
Tariff Troubles
- Trump's tariffs, dubbed "Liberation Day" by him, were based on a flawed formula.
- Axios revealed the formula's incorrect application and the non-reciprocal nature of the tariffs.
Wrongful Deportation
- A Maryland man with protected status was deported to El Salvador under Trump.
- The Fourth Circuit Court of Appeals ordered his return, a decision Trump appealed to the Supreme Court.