Trump looks awful as he falls apart in AM

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2:04Ben Meiselas:Donald Trump is having a terrible Wednesday morning. The entire world is focused on his decrepit, weak, sickly condition physically and mentally in Germany. Der Spiegel writing about Donald Trump falling asleep during that disastrous cabinet meeting yesterday. day. Donald Trump continues to physically and mentally deteriorate before our eyes. Other bad news from Donald Trump came in the form of horrific private sector job numbers. I want to get into that in a minute. This ADP report was brutal for the Trump regime and brutal for the United States. First, I just want to remind you, make sure you subscribe to the Midas Touch YouTube channel.

2:45Ben Meiselas:We're on our way to 6 million subscribers, as you saw earlier this week when Donald Trump was posting about us and state regime media, which calls itself Fox, was attacking us. We are under attack from Trump and Fox and the MAGA Republicans. We're leading all independent media and we're trying to hit 6 million subscribers this month. You may think you're subscribed to this YouTube channel because the algorithm is feeding you these videos, but you may not actually be subscribed. Make sure you're subscribed and hit the subscribe button right now. It would mean a lot to me. Let's get into this disastrous ADP private job data.

3:19Ben Meiselas:Private employers in the U.S. shed, lost 32 ,000 jobs in November. Now, the expectations that Wall Street has was that 40 ,000 jobs were going to be created in November, which would still be a pretty weak readout on job creation. But in fact, the number was a 32 ,000 job loss. The drop was led by a pullback among small businesses. Small businesses getting absolutely gutted, and that's consistent with the consumer expectation, consumer sentiment, and job outlook reports that we've been sharing with you over the past few weeks and months. Among other industries that fared the worst in November were professional and business services, manufacturing, and firms that provide information services.

4:08Ben Meiselas:Most industries were doing layoffs. The only ones still somewhat hiring industry-wise, hospitality and healthcare. And these are industries under attack from the Trump regime. Now, one of the main reasons that we see for these job losses, yeah, it's these tariffs against the world, which are absolutely disastrous. And it's the uncertainty surrounding the tariffs where businesses don't know what to prepare for. Businesses and people require certainty and stability. And as we started this video where you see Donald Trump, this ranting and raving lunatic who falls asleep and then wakes up and posts, I'm angry at this country.

4:48Ben Meiselas:I'm going to impose tariffs. That's not the way businesses are able to function. But let's check in with Commerce Secretary Howard Lutnick and ask him about these reports. So Howard Lutnick was asked on CNBC, can you explain to us why small businesses are hurting so much right now? Howard Lutnick goes, remember, as you deport people, that's going to suppress private job numbers. So are you admitting that Donald Trump's mass deportation, terrorizing migrant communities is harming the economy? That's an interesting admission. Here play this clip. The Democratic shutdown hurt the numbers. And then remember, as you deport people, that's going to suppress private job numbers of small businesses.

5:35But they'll rebalance and they'll regrow. So I think this is just a near-term event. And you'll see as the numbers come through over the next couple of months, you'll see that all pass.

5:44Ben Meiselas:And next year, the numbers are going to be fantastic. But then I guess Howard Lutnick then goes to himself, well, actually, it's the Democratic shutdown that did this. Let's blame the Democrats for it. It has nothing to do with tariffs. Let's play this clip of Lutnik. These trade negotiations and deals, I do want to ask you about the recent economic data, because today we learned that the private sector is losing jobs, small business getting hit really hard, negative number in front of ADP, and one of the reasons that they cite is tariffs. So do you worry about some of the economic fallout here as these tariffs really take hold?

6:22Ben Meiselas:No, no, it's not tariffs. Remember, you had the Democratic shutdown, right? And what do you think happens to small business? The people who do business with the US government, they know they're not getting paid, so they sort of slow down their projects. So you saw a little bit even of construction of small business. Now, it was interesting to me how CNBC versus state regime media, which calls itself Fox, was reporting on these horrible job numbers today. You know, CNBC lately actually has been looking a little bit like adjacent to state regime media with some of those hosts like Kiernan and others.

6:58Ben Meiselas:But here's how they report the job losses that were far lower than what was, or far worse than what Wall Street expected. Again, Wall Street expected 40 ,000 jobs created. We had 32 ,000 private sector jobs lost. Watch how CNBC reports it. Let's play it. Hey, Joe. Yeah, a big miss on the ADP payrolls. The private payroll company saying private payrolls Shed 32 ,000 workers in November. That's the fourth negative number in the past six months for this series. Take a look here. The estimate was for 40 ,000. So the street was off on this one. And how did you get there? Well, goods producing shed 19 ,000 workers.

7:38Service producing shedding 13 ,000 workers. But the big story here, and I'll show you more detail on this, is what's happening with small business. Down 120 ,000. Medium and large business doing okay. Up 51 ,000 and 39 ,000 respectively. But take a look at this chart here. Virtually all of the job losses have come from small business, which has been negative in six of seven months since April. Without those losses, ADP numbers would actually be positive. But you can't get rid of it. You can't exclude small business. And then you look at it by sector. Well, we've seen those two sectors do it. Education, health services, hospitality leading the way.

8:15But manufacturing down, information down and professional business services down by 26 ,000. Also, another sign of weakness in the job market, job stayers, their wages up 4.4. That's down a tenth from the prior month. And job changers, that was a big number or had been. That's down four tenths of a point to 6.3 percent. So, Joe, at least according to ADP, additional weakness in the job market and small business getting hammered. And there is some information that some of this may be coming from being hammered by the tariffs.

8:47Ben Meiselas:And now let me show you how state regime media, which calls itself Fox, reported it this morning, where they acted like this is a good thing. They're like, this is great. Wall Street's really happy about it because now we are in a better position to have rate cuts for the interest rates to be cut. Here, let's play this clip. They are on the move right now as we just got the November ADP numbers crossing the tape right now, an unexpected loss of jobs. Sheryl Custone, tell us more. We did. We got a loss of 32 ,000 jobs, which in a way markets may want it to have seen because that gives you a better shot at a rate cut for December or more of a confirmation of that.

9:24The expectation was 10 ,000. They also revised for October up to 47 ,000 from 42 ,000. At this point, we're still seeing about an 85 % chance of a quarter rate point next next week, excuse me. But again, this is the private sector job market private. You know, this is 500 ,000 US employers. This is the freshest data that the Fed's really going to get on jobs more ahead of that decision. You know, it's interesting, Cheryl, to see this market rally on this news because I guess it's confirming to some investors that the Fed has.

9:57Ben Meiselas:I just want you to see how state regime media and to some extent Wall Street, think about you, Right. They'd rather have their interest rate cuts for themselves so that they could borrow more and that they can engage in whatever the hell they're doing over there. While the American people are losing jobs, they were literally like celebrating it right there. Now, while all of that was going on this morning, you had Treasury Secretary Scott Besant. He was speaking at CNBC with Sorkin at one of these economic conferences. And I just want you to watch here because everything these Trump propagandists tried to do is blame Democrats and blue states.

10:39Ben Meiselas:And they just come with false data. Watch here as Treasury Secretary Besant is fact-checked to his face by Sorkin. Just a good job here. Play this clue. In a blue state, affordability is worse than a blue state. We can debate that, but keep going. There's no debate. The number of 50 basis points higher inflation, the 10 highest inflation rates, they are in blue cities. Just so you know, because I went to look at this, this is the Joint Economic Committee since 2021. The highest inflation of the past four years has been in red states, especially Florida. I'm talking about current. Current. Current.

11:25Not over the past four years. Right. Today. OK, I would think four years would be a reasonable trend line to look at. Today, today it is 50 basis points higher. So anyway, and look, the people are voting with their feet. I have the American people on my side that New York, Illinois, California, Massachusetts are depopulating. And they're going to places in Florida, like Florida, where interest rates are, I'm saying inflation is up 22 % over the last four years. Well, inflation, then inflation is up 25 % nationally. So it's lower. I believe in New York, it was 19%. Sorry? I believe in New York, it was 19%.

12:11I don't think that's right. We can go through the math.

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14:08Ben Meiselas:We need to hit 6 million subscribers. We're fact-based. We bring the receipts. We show you charts and graphs like this. Take a look at the long-term chart of ADP payrolls. What do you notice right here as you look at these charts? Don't you see that when Trump was in office, all of a sudden, the ADP payrolls go from up to down? Yeah, you don't want the ADP payrolls to get into negative territory. And under Trump's regime so far, they frequently have been in negative territory. I've got other news to report. Big news this morning coming from the Democrats on the House Oversight Committee and members of Congress and in the Senate in general as it relates to the release of the Epstein file.

14:50Ben Meiselas:So Democrats on the House Oversight Committee, led by Congress member Robert Garcia, they were able to get their hands on never before seen photos and videos of Jeffrey Epstein's private island that are a harrowing look behind Epstein's closed doors. You can see for yourself what it looks like. They were like dentist chairs. The whole thing looks absolutely gross. Epstein's bed looks disgusting. And then on a bipartisan basis, you had lawmakers, senators, and members of the House of Representatives sending a letter to Attorney General Pam Bondi this morning, demanding a status update on the release of the Epstein files.

15:29Ben Meiselas:The files are set to be released on December 19th. Right now, it's December 3rd as I'm recording this video. So it's still about 16 days away. But what these lawmakers wanna make sure is that December 19th doesn't hit. And then all of a sudden, Pan Bondi's like, oh, well, I need an extension or I'm making all of these objections and I'm not turning it over. So the lawmakers wrote this letter saying, tell us now what the hell you're going to be turning over because we wanna make sure all the files are going to be released. We'll keep you posted every step of the way. And as our extensive coverage on the Epstein file released, we've been focused on this every single day for the past, I don't know, four or five years pretty much at this point.

16:11Ben Meiselas:All right. Now, turning to what other MAGA Republican senators and Congress members are doing. So earlier this morning, you had Senator Roger Marshall, a MAGA Republican senator, go on MS Now. And he was asked by the host, so you just outline all the dangers posed by drugs. So can you explain to us why Donald Trump just pardoned the biggest drug trafficking narco terrorist, or at least one of them that had been locked up in our federal prisons in the United States for 45 years? The former president of Honduras, Juan Orlando Hernandez, who in the federal trial, we learned, He said, get those drugs up the gringo's nose.

16:55Ben Meiselas:I want to kill those Americans with my drugs, basically. So why do we pardon that guy who worked with El Chapo and the Sinaloa cartel who killed thousands and tens of thousands of Americans? Why Trump pardon that guy? Here, play this clip. But more so, you just rightly outlined the dangers posed by drugs. So what expression do you have for President Trump offering a pardon to the former president of Honduras, who prosecutors said ran a massive drug cartel, including sending tons and tons of it to the United States. Yeah. You know, I don't know the details of that particular part. Happy to look into it, but I just can't really speak to it.

17:36All right. Republican. Okay. All right. So, like, no thought on the fact that he was pardoned? well again i think it's unfair to without me researching the the details of that pardon uh to to give you any type of an answer you know i'm a doctor if you ask me a question i don't have a good answer or a factual answer i'm going to say i don't know i'm happy to go research it i'm really locked in on health care right now trying to bring down the cost of health care for americans to make and make our lives more affordable republican senator roger marshall of kansas thank you very much doctor for coming in this morning.

18:15We appreciate your insights.

18:18Ben Meiselas:All right. Just can you take, just look right here. I just freeze framed Senator Marshall, this MAGA Republican right here. These aren't these just the most phony people in the world. I just looked at them like this, just phony people who lie and who don't give a crap about anything while the people suffer. Speaking of that, you then have MAGA Republican Congress member Roger Williams making his rounds on the morning shows, talking about why senators and Congress members should be engaged in stock trading and insider trading. The MAGA Republicans, let's do inside stock trading in Congress. Listen to him in his own words, play this clip.

18:57Take a look at it because right now, from a financial standpoint, it's not easy being up in Congress. And I think that we can't limit the ability for people to do business and operate their lives. So I want to take a look at that, but I want to be careful we don't squeeze it too hard to where nobody wants to come up here.

19:15Ben Meiselas:And then, of course, Donald Trump and MAGA needs a new scapegoat. Who is it going to be? Who is it going to be? They realize, well, we're heading into an election where we're going to need the Latino vote. So maybe we should pull back our attacks on the Latino community because we're seeing some of these election results and Latinos have turned against Donald Trump. He only has like 30%, 25 % support amongst the Latino community right now. So who should we go after? Somalians, the Somalis of Minnesota, a perfect target for Donald Trump, right? So now all in MAGA and Trump attacking the Somalis.

19:52Ben Meiselas:Everything's wrong. The crime, it's the Somalis. They're the ones eating your cats and dogs. It's the Somalians. So here you have one of the Department of Homeland Security spokespeople, McLaughlin. Here's what she says when she's asked. So how many of the 40 ,000 people born in Somalia do you believe are pieces of garbage? Because Trump said they're all pieces of garbage. How horrific and racist is that? And she doesn't even deny that she thinks they're pieces of garbage. Listen to what she says. Play this clip. President yesterday spoke extensively about his feelings about security and immigration and asylum in different parts of the country.

20:26He said he does not want people from Somalia here. He called them garbage. The Wall Street Journal estimates there are some 40 ,000 people from Somalia, born in Somalia, living in Minnesota right now. How many of them, how many of the 40 ,000 people born in Somalia living in Minnesota do you consider to be garbage? John, we're really looking at the data, the analysis here, particularly out of Minneapolis and other parts of the country where we're seeing Somalia. There's widespread fraud, particularly marriage fraud when it comes to immigration. We're looking at criminality here. Homeland security has very reliable data here and analysis that we can go after these individuals and make sure that they're not a public charge on our communities.

21:11And they're also not a public threat to the American people.

21:14Ben Meiselas:And then MAGA Republican Congressman Tom Emmer perpetuates these racist lies on Fox. And he says 80 % of crimes being committed in Minnesota are done by Somalis. It's not true. Play this clip. But you know what we're not talking about today? Do you realize that, you know, it's not that all Somalis are committing crimes, but 80 % of the crimes being committed in the Twin Cities in Minnesota are being committed by Somalis. And then I'd be remiss if I didn't mention this morning that Donald Trump announced that he was pardoning a Democratic Congress member named Democratic Congresswoman Cuellar from Texas.