Charlie Gasparino: Biden’s ‘Sugar High’ Is over, We Were Going to Get an Economic ‘Slow Down’

KILMEADE He s a ░░░░░░░░ guy You see it ░░░░░░░░ X you see it ░░░░░░░░ Tesla you see how ░░░░░░░░ s restructuring and what ░░░░░░░░ s doing with SpaceX ░░░░░░░░ and how close he ░░░░░░░░ to bankruptcy along the ░░░░░░░░ So Charlie the stats ░░░░░░░░ that consumers have money ░░░░░░░░ they are choosing to ░░░░░░░░ it rather than spend ░░░░░░░░ And that was even ░░░░░░░░ the tariff mania that ░░░░░░░░ place this week What ░░░░░░░░ that tell you GASPARINO ░░░░░░░░ listen if you believe ░░░░░░░░ markets and I m ░░░░░░░░ talking about the stock ░░░░░░░░ I don t put ░░░░░░░░ lot of credence in ░░░░░░░░ of the stock market ░░░░░░░░ much as I look ░░░░░░░░ the bond market the ░░░░░░░░ market is signaling bright ░░░░░░░░ recession no doubt about ░░░░░░░░ Yields went below 4 ░░░░░░░░ that 3 on the ░░░░░░░░ year Hate to be ░░░░░░░░ here but that is ░░░░░░░░ canary in a coal ░░░░░░░░ for a recession And ░░░░░░░░ the way average people ░░░░░░░░ not looking at the ░░░░░░░░ years and saying Oh ░░░░░░░░ should save They just ░░░░░░░░ what is going on ░░░░░░░░ a car company last ░░░░░░░░ just laid off 900 ░░░░░░░░ Stellantis I mean it ░░░░░░░░ gonna be more Companies ░░░░░░░░ cutting back on spending ░░░░░░░░ now and research and ░░░░░░░░ and obviously that sort ░░░░░░░░ flows to the workforce ░░░░░░░░ the average consumer knows ░░░░░░░░ is bad here I ░░░░░░░░ we were going to ░░░░░░░░ an economic slowdown no ░░░░░░░░ what That is why ░░░░░░░░ was banking on the ░░░░░░░░ tax cuts to come ░░░░░░░░ deregulation I mean this ░░░░░░░░ going to happen Joe ░░░░░░░░ improperly and sort of ░░░░░░░░ inflated the economy with ░░░░░░░░ lot of spending as ░░░░░░░░ was leaving office to ░░░░░░░░ to get Kamala Harris ░░░░░░░░ Now that sugar high ░░░░░░░░ over so we were ░░░░░░░░ to get a slowdown ░░░░░░░░ think the problem that ░░░░░░░░ Trump Administration has is ░░░░░░░░ in the face of ░░░░░░░░ slowdown they went heavy ░░░░░░░░ this tariff stuff which ░░░░░░░░ at least until Donald ░░░░░░░░ can cut some deals ░░░░░░░░ lead to some real ░░░░░░░░ dislocation You know the ░░░░░░░░ he can cut deals ░░░░░░░░ better because we re ░░░░░░░░ into a recession and ░░░░░░░░ worse we might have ░░░░░░░░ I mean we might ░░░░░░░░ this weird thing where ░░░░░░░░ have both higher prices ░░░░░░░░ tariffs do lead to ░░░░░░░░ prices because there are ░░░░░░░░ tariffs on us and ░░░░░░░░ recession You usually have ░░░░░░░░ or the other right ░░░░░░░░ have a recession prices ░░░░░░░░ down because people don ░░░░░░░░ have a lot of ░░░░░░░░ to buy stuff You ░░░░░░░░ inflation well you know ░░░░░░░░ s booming so a ░░░░░░░░ of people have money ░░░░░░░░ could be in the ░░░░░░░░ where we get both ░░░░░░░░ of the tariff stuff ░░░░░░░░ I just hope you ░░░░░░░░ Donald Trump is the ░░░░░░░░ maker he shoots first ░░░░░░░░ and asks questions later ░░░░░░░░ he knows how to ░░░░░░░░ people s attention I ░░░░░░░░ my hope is and ░░░░░░░░ know the guy he ░░░░░░░░ to cut deals that ░░░░░░░░ is not an ideologue ░░░░░░░░ trade that this is ░░░░░░░░ negotiating ploy You know ░░░░░░░░ re hurting other countries ░░░░░░░░ countries are hurting us ░░░░░░░░ will craft some good ░░░░░░░░ and this is going ░░░░░░░░ be a short lived ░░░░░░░░ But I don t ░░░░░░░░ does he care about ░░░░░░░░ he really believes in ░░░░░░░░ that Peter Navarro says ░░░░░░░░ he s not listening ░░░░░░░░ the other side of ░░░░░░░░ which would be in ░░░░░░░░ case Scott Bessent who ░░░░░░░░ from what I understand ░░░░░░░░ advising him to maybe ░░░░░░░░ back a little bit ░░░░░░░░ this stuff.”