As recession anxieties take maintain in the USA, Invoice Maher is criticizing Donald Trump’s tariffs, even calling the president the Ozempic of the U.S. financial system.
“It’s St. Patrick’s Day in a few days. I already noticed a man puking on the street. No, I did — it was my stockbroker,” Maher stated on his HBO present, Actual Time With Invoice Maher, on Friday, March 14. “The inventory market has misplaced $5 trillion in three weeks. Sure, Trump, he’s the Ozempic of the financial system. Wow. 5 trillion {dollars}. Right now, Greenland provided to purchase us.”
FactSet knowledge reveals the market worth of the S&P 500 peaked at $52.06 trillion on February 19 earlier than plunging 10 p.c to $46.78 trillion by March 12, which is certainly a lack of about $5.28 trillion in about three weeks, CNBC reviews.
Nicholas Hunt/Getty Photographs, Chip Somodevilla/Getty Photographs
“Sure, it seems that the inventory market has actually sort of rejected the notion that if we activate our buying and selling companions, chickens would lay extra eggs,” Maher continued in his monologue on Friday, referencing the skyrocketing value of eggs in the USA. “Yeah, I imply when Biden was president, it was all the things concerning the eggs, the value of eggs, we obtained to decrease the value of eggs. And now, Trump retweeted any person final week who stated, ‘Shut up concerning the eggs.’ And Individuals are like, ‘However we want eggs. What else are we going to throw on the Teslas?’”
Common egg costs hit a record-high value of $5.90 a dozen in February amid an outbreak of avian flu, and economists predict much more value progress this yr amid the tariffs Trump is imposing on different international locations, based on Fortune.
On Friday, Maher rebuked Trump for placing “amazingly massive tariffs” on international locations like Mexico and Canada, including, “And when the international locations reply with their tariffs, he acts shocked at their disrespect. ‘How dare you do to me what I simply did to you?’”
Maher additionally identified that Trump’s purpose is to carry again manufacturing to the USA. “And to get the ball rolling, he’s manufacturing a recession,” he quipped.
Actual Time With Invoice Maher, Fridays, 10/9c, HBO