Economic Uncertainty and Market Trends - Navigating Potential Recession Risks

0:00This is an iHeart Podcast. Guaranteed Human.

0:31members of the Board of Trustees, including Martin Luther King Sr. It's the true story of protest and rebellion in Black American history that you'll never forget. I'm Hans Charles. I'm Menelik Lumumba. Listen to The A-Building on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. This episode is brought to you by PNC Bank. A lot of people think podcasts about work are boring, and sure, they definitely can be. But understanding a professional's routine shows us how they achieve their success little by little, day after day. It's like banking with PNC Bank. It might seem boring to save, plan, and make calculated decisions with your bank, but keeping your money boring is what helps you live a more happily fulfilled life.

1:17PNC Bank, brilliantly boring since 1865. Brilliantly boring since 1865 is a service mark of the PNC Financial Service Group, Inc. PNC Bank, National Association Member FDIC.

1:57partners square makes it easy for them to take payments manage inventory and run their business with confidence all from one simple system if you're a business owner or even just thinking about launching something soon square is hands down one of the best tools out there to help you start run and grow it's not just about payments it's about giving you time back so you can focus on what matters most ready to see how square can transform your business visit square.com backslash go backslash EYL to learn more. That's square.com backslash go backslash EYL. Don't wait. Don't hesitate. Let Square handle the back end so you can keep pushing your vision forward.

2:41But there's still a lot of uncertainty in the economy. And that's the thing that is like, you know, it's one thing like the sector and how much you produce it and how much but when the economy crashes, none of it, none of none of that matters at all if there's a global recession or if there's an economy crash then every number could be good and your your projections and forecasting it's not going to matter but it are there any signs of a recession here's the funny part now i give things credit because the democrats got their ass kicked so bad in this election the media is going to report if we actually hear a recession this time last time they didn't they changed the skew for what a recession was if he get two negative quarters yeah it's going to be on every channel in america he caused a recession but there hasn't been signs of it right if we even look at we have weakening in the bond market the bond market i'm just we're talking about the s p and for the last quarter i think on average is about 13 on earnings which is a positive sign right that wouldn't be a sign of economy that is headed toward a recession yeah is there a pullback in this sector for sure so even if we looked at the next six months yeah the the economy it's it's really what's going to happen over the next couple of weeks when we figure out what's going to be the impact of these tariffs who are they going to impact and how do we combat that the lead that he had from the inauguration is gone yes that all those games have been that that alone is scary and if he doesn't write that ship, we may drop another 12 % or 13%.

4:20As a, what, as a S &P? Or a specific company? The stock market is not a direct correlation over a recession. It's a lagging indicator. We have unprecedented territory that we're walking in right now. He's talking about putting tariffs, global tariffs, pretty much, EU, China, Mexico, and Canada. So you're putting tariffs on everybody, pretty much. Those are all every global major power you put in terror form. That's one thing. There's uncertainty as far as the geopolitical aspect of it, as far as Ukraine. Say he wants to turn Gaza into a resort. That guy Saudi Arabia mad. Who even says that? The job numbers.

5:07Light. Fishy. Inflation has come down. For now. they said that there's a new virus that came out of China COVID-22 already been whooped up a variety of different factors that's in the play here so COVID-22 and spending it's like this Doge thing we don't this could be extremely harmful to America the cutbacks? yes because it's like you don't you can't lose it's like weight loss, right? If you lose too much weight too fast, that can actually be harmful to you. It shocks your body. You got to lose like 5 pounds. You can't just lose 87 pounds in one week. Or cut your leg off and lose 40 pounds. That's dangerous.

5:55It causes complications. So it's like you're putting a shock into the economy by just trying to cut hundreds of billions of dollars. It's going to be interesting. how this thing plays out. But I tell you what, if the economy is in turmoil, none of the numbers are going to matter. Not as much. And the ones that are great are going to rise to the top and there's going to be a super hyper concentration into the ones. Microsoft and video. I feel like that's what we've seen. Yeah. Even during the past three to four years when you looked at the Russell 100 and you look, those were not moving. And technically, it's supposed to be a down year and like we said historically the first year of a presidency is pretty flat the second year of a presidency is down yeah the third year of a presidency is up so i think he rewrites through these books though bro yeah until he doesn't right i just until he doesn't yeah i just i don't know history doesn't history repeats itself usually yeah he had a great chance to come out to a great start and lead well yeah the decisions were just horrible but now he has to live on, he's trying to, he's living on the things that he said.

7:09We're going to tax them, we're going to tax them, we're going to tax them. He's not a rational person. He's doing a variety of irrational things. He's doing a variety of irrational things, right? You can only do irrational things for so long. Yeah. The uncertainty is not great. It's not good. It doesn't help anybody. Like, the things that he's doing are dangerous. Yeah. An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS-13 gang member from El Salvador accused of murdering a Texas man. A Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J.

7:55Trump's leadership. I'm Kristi Noem, the United States Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over 100 ,000 illegal aliens have been arrested. If you are here illegally, you're next. You will be fined nearly$1 ,000 a day, imprisoned and deported. You will never return. But if you register using our CBP Home app and leave now, you could be allowed to return legally. Do what's right. Leave now. Now, under President Trump, America's laws, border, and families will be protected. Sponsored by the United States Department of Homeland Security.

8:361969, Malcolm and Martin are gone. America is in crisis. And at Morehouse College, the students make their move. These students, including a young Samuel L. Jackson, locked up the members of the Board of Trustees, including Martin Luther King Sr. It's the true story of protest and rebellion in Black American history that you'll never forget. I'm Hans Charles. I'm Menelik Lumumba. Listen to The A-Building on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. This is an iHeart Podcast. Guaranteed human.