WEBVTT

1
00:00:00.060 --> 00:00:01.880
And what I'm seeing, Joe,

2
00:00:03.080 --> 00:00:08.160
is a beautiful situation where we will hit 50, 000 on the Dow. Relax.

3
00:00:08.700 --> 00:00:19.580
Everything's fine. We're going to hit 50, 000 on the Dow. You know, I'm 50, 000 on the Dow. We're going to get there. We're going to 50, 000. 1st ever closed for the Dow. Joe's industrial average above

4
00:00:19.920 --> 00:00:20.420
50, 000

5
00:00:21.240 --> 00:00:23.160
and we're going to get it

6
00:00:35.680 --> 00:00:41.020
On April 7th of last year when a tariff panic Dow had plunged to $38, 000,

7
00:00:42.180 --> 00:00:45.960
I got on TV and told the financial markets to relax.

8
00:00:46.380 --> 00:00:49.160
The Dow was well on its way to 50, 000.

9
00:00:50.260 --> 00:00:55.320
Well, at this week's market close, the Dow did indeed hit that 50, 000 milestone.

10
00:00:55.940 --> 00:01:01.020
And here's what I saw back in April that all of Wall Street missed.

11
00:01:02.500 --> 00:01:05.100
The Trump economy is built for growth and prosperity.

12
00:01:05.980 --> 00:01:07.680
Like a big, beautiful 747,

13
00:01:08.640 --> 00:01:11.060
it runs on 4 powerful engines.

14
00:01:11.680 --> 00:01:16.140
Tax cuts to stimulate business and put more money in your pocket.

15
00:01:17.160 --> 00:01:21.400
Deregulation to lift the government burden off the shoulders of business.

16
00:01:21.840 --> 00:01:22.340
Strategic

17
00:01:22.680 --> 00:01:23.600
energy dominance

18
00:01:24.000 --> 00:01:27.260
that gives us not just cheap fuel and transportation,

19
00:01:27.900 --> 00:01:29.480
but lower cost fertilizers

20
00:01:30.160 --> 00:01:33.400
and food. And of course, big beautiful tariffs.

21
00:01:33.880 --> 00:01:35.960
The Trump tariffs don't cause inflation

22
00:01:36.280 --> 00:01:37.560
like the critics insist.

23
00:01:38.100 --> 00:01:42.320
They do protect our factories and jobs from foreign cheating,

24
00:01:42.700 --> 00:01:44.340
attract trillions in investment,

25
00:01:44.720 --> 00:01:46.600
boost productivity and wages,

26
00:01:46.920 --> 00:01:51.560
and the hundreds of billions of dollars in tariff revenues America collects

27
00:01:51.980 --> 00:01:56.780
help pay down the massive debt Joe Biden ran up on your tab.

28
00:01:57.440 --> 00:02:05.440
So this is my Dow 50, 000 victory lap And I'm taking it because it is really a victory lap for you and your 401k

29
00:02:06.060 --> 00:02:06.960
and your family.

30
00:02:07.580 --> 00:02:08.900
So trust in Trump.

31
00:02:09.280 --> 00:02:12.900
Never doubt him. And I'll leave you with this 2nd CNBC

32
00:02:13.520 --> 00:02:15.760
clip from the day after the

33
00:02:16.080 --> 00:02:18.300
2016 election of Donald Trump.

34
00:02:18.760 --> 00:02:20.060
It was a similar scenario,

35
00:02:20.720 --> 00:02:23.960
the stock market crashing because of fears about Trump.

36
00:02:24.680 --> 00:02:26.420
With the futures way down,

37
00:02:26.820 --> 00:02:29.620
I told Joe Kernan we would easily hit

38
00:02:30.060 --> 00:02:31.860
25, 000 on the Dow.

39
00:02:32.220 --> 00:02:33.580
If you're out there today

40
00:02:34.700 --> 00:02:39.600
Just look at the chessboard. This is this is a very bullish thing for the markets

41
00:02:40.020 --> 00:02:44.760
and Dow 25, 000 is going to be like the Reagan years, and it's a good thing