Thank you so much for tuning in.
You can be a part eight five five seven five two four eight four two eight five five seven five Civic just PS working the board jazzed as hell our pal Earl Ingram host of the Earl Ingram show right here in the Civic media radio network Monday through Friday eight to 10 a.m.
Earl Thanks for sticking around with me, man
Amen anytime you just threw me for a loop.
Do I actually
I do an eight o'clock in the
not
We do have some news to get to and the colors you've held held over.
We will get to you briefly, but let's just recap the closing bell.
The Wall Street Journal is reporting U.S.
market slid Thursday in their steepest declines since 2020.
Think COVID as investors grappled with the threat that Trump's new tariff plan will trigger global retaliation and hurt the
economy.
Major stock index has dropped as much as 6%.
Stocks lost roughly $3 trillion in market value Thursday, their largest one day decline since March of 2020.
2020 2020.
Now, you know, Dominic, man, that that there is recessions coming.
I mean, if this,
And we don't even know what the retaliation is going to be yet, right?
This is just our end of it.
Uh, when, when, you know, Europe gets their, their ducks in a row and they throw, you know, that or more back at us and everybody else.
And, and here we go.
The Trump slump is on baby.
That's what's happening.
Now, and what I don't recall and remember, remember not so long ago, early election, all the inflation, the price of eggs, the price of this, the Biden inflation.
I mean,
And that's what drove Donald Trump to the White House again.
Donald Trump will fix it all.
Well, I don't remember those folks who were complaining about the price of eggs thinking, well, I'm going to want Donald Trump to go lower the price of eggs and then totally redo the world economic structure in his way.
And yes, we may have to put up with some short term pain for long term gain.
And I'm thinking about, number one, how short is short term?
And in the long term, we're all dead.
So what are we even talking about?
Earl, it's a, it's a moving the goalposts for the Megas.
You know, prices are too high.
Well, these tariffs are going to cause higher prices.
Yeah, but we're, we're being cheated.
Yeah, but the prices are going to be higher.
Yeah, but I'm willing to sacrifice a little bit of higher prices now for, you know, longer term, they'll be better.
It'll be better in the, in the long term.
Yeah, but that's not what you voted for.
And that's not what he sold you, man.
Earl, it's like these folks, whatever the orange God says to them, they're like, yup, yup,
yup.
You know Man, did you ever think we'd be longing for Joe Biden?
You know, I mean three months Dominic and and what's coming down the pike?
I just listened to you talking about what's happening with the stock market and And man, we know this is just the beginning.
We know we know it had been over
to Joe Biden's credit, they kept holding this off.
They kept doing everything within their power to make sure there wasn't a recession, Dominic.
Can you imagine, man, a recession at this time?
time.
The long-term damage that they've been staving off the recession, Dominic,
I mean, you know, I was in in seven.
So if it strikes and when it strikes later on this year, can you imagine?
Because they're talking about global recession dominant.
That he brought down.
So it's like revisiting, you know, his last term in office.
It wasn't great, especially how he himself personally handled the pandemic.
It's not just a global recession, man.
What we're talking about in what the Biden administration is trying to do is it was a soft landing, right?
We want to have a soft landing.
We went through and we pumped in a lot of money.
And of course that was part of the increases in cost.
Part of the inflation.
That was certainly so was profit taking.
There was lots of opportunity.
And we're going to see that with the tariffs because here's the deal.
Here's the deal.
If all of a sudden you're imported widget,
is now 25% more, and you can buy a similar widget here in the States for 25% less.
Well, that's great for a minute, but you know what's gonna happen?
The folks that are making the domestic widgets will be like, well, I'm gonna raise my price because now
I
So you're gonna have a balancing, and then as I mentioned, you're gonna have a retaliatory tariffs as well.
But if all of a sudden we see,
Tariff war is back and forth as we see the Trump slump as it's being described I'm going with that we see that happening and all of a sudden growth starts You know going down the GDP slows down unemployment goes up inflation stays up I mean that's state inflation man.
That's a bad scene to be in we don't want to go there
And and what what what is the what is our senior senator from the state of Wisconsin?
We have we have some sound of rojo So here's here's rojo from yesterday, and then we have a cut from rojo today Let's play yesterday, please
Yeah, again, I don't have the president's strongly held belief that this is absolutely what has to be done.
But he's president, I'm not he ran on this and I hope he's absolutely right.
And if he's not, then what happens next?
I'm hoping it all works out early indications.
You know, he's announcing trillions of dollars of committed investment here.
Some companies, some countries have already eliminated their tariffs and dropped them.
Let's see how it works out.
It's just, it's just way, it's just way too early to pick this.
Hey, Dominic, let me ask you, you know,
Just an or Donald Trump, but I do know If they claim he just said all these trillions of dollars They're bringing these corporations back to America.
What are they going to do erect them with what do you call those little plastic
Legos
Legos How long does it take man to to to put a company?
Five years.
Okay years
to build a manufacturing company Dominic, you know design the land You know all of those different things none of this is coming back in his time in office Dominic He's misleading people Ron Johnson just said well, there's gonna be six six billion dollars in reinvestment when
And how much damage is going to be done to the American people, don't it?
If you ever see that, don't forget, the same guys who talked about Foxconn, right?
Seat one
a
There is a track record with some of these folks.
And even if a company puts that kind of money in, what's the trickle-down effect?
And how is that going to benefit this country?
I mean, specifically, you talk about making America rich, quote unquote.
Does America have a checking account?
I mean, how exactly does that work?
Because America is made up of individuals.
And individuals make up, you know,
corporations and unions and labor and all these different, it's made up of individuals.
So I don't, I don't buy the premise that they're trying to sell us.
Now there is some specific reaction to this.
Uh, Warren, Michigan, WXYZ reporting.
Stellantis has temporarily laid off 900 workers in the US, including employees at a Warren and Sterling Heights stamping plant.
Now I got family that works for Stellantis.
Automaker announced the news and an email sent to all employees early this morning.
They said that they'll be pausing production at the Windsor assembly plant in Canada for the next two weeks.
And because of the pause, workers in Warren, Sterling Heights, Indiana and Mexico are impacted.
Quote, with the new automotive sector tariffs now in effect, it will take our collective resilience and discipline to push through this challenging time.
But we will quickly adapt to these policy changes and protect our company, maintain our competitive edge and continue delivering great products to our customers.
But in the meantime, 900 folks are getting laid off today.
So, Dominic, let me let me say this.
I'm a guy who spent 34 years in the auto industry, saw ups and downs, saw recessions.
The first people to get impacted and affected by recessions are the home buyers, homes.
and are two most expensive things that people buy.
They're the first ones to get impacted by downturns in the economy.
We haven't seen the damage yet, Dominic.
These are signs.
Again, for 34 years I was in the auto industry.
I knew when recessions were coming, I know the pain of what those things are.
They're the first to recover.
after coming out, but they're the first ones to be impacted and affected.
So that 900 people you're talking about being laid off.
All right eight five five seven five two four eight four two eight five five seven five seven will reconnect with Earl Ingram Joining me today level when Earl comes around check his show out Monday through Friday eight to ten a.m.
Eight five five seven five two four eight four two Let's get to some of our patient callers Don from Milwaukee.
You're up next.
Welcome Don.
What do you got for us?
Hi, Dom is the topic tariffs because you got Earl Ingram there and he's a real stickler for stand on topic
So I don't know.
Yeah, man.
you got?
I just wanted to go.
I would just wonder is history repeating?
Back in, uh, well, I was before us guys were here, uh, in 1929, 1930, something like that.
There was something passed by Herbert Hoover.
They called that a smooth tariff.
acts.
And guess what happened after that?
Something worse than a recession.
Did you ever hear of a depression?
The banks were locked up.
There were soup lines.
You couldn't even buy a job.
So anyhow, hopefully that doesn't happen, but
I tell you, it don't look good right now.
Thanks for taking my call.
Thank you, Don.
Appreciate it.
You know, and we have, we have right, we have a right to be, to be concerned.
I mean, certainly you see the market react in the way that it did today, specifically to Donald Trump's actions from yesterday.
Now you hear some of the righties and the Foxy don't call it news analysts saying, well, it's not as bad as it seems.
We're just back to basically October of 24 levels.
I'm thinking of myself.
Well,
isn't it always,
Oh, no.
Look at this.
Oh, you know, prices are too high.
Oh, let's let's I'm willing to pay a little more so we can what reshape the global economy because Donald Trump's got it all figured out.
Well, the market seems to be telling Donald Trump that maybe he doesn't come back with us.
More of your calls 855-752-4842.
welcome back to the Dom Salvi show 855 752 4842 855 75 civic just BS on the board Earl Ingram joining me today
Up until the six o'clock hour check his show on Monday through Friday, eight to 10 a.m.
Appreciate Earl got the phone lines jamming up.
Let's get to him.
Let's see.
We have Cindy from Appleton.
You will be next.
Welcome, Cindy.
What do you got for us?
Good morning.
Well, you know, I told you this morning on your show, Earl, that they were going to blame Biden for this.
Well, I was not.
I don't know.
I got something said to me with Sean Spicer.
They were interviewing him about the tariffs.
And he was talking about yes, Trump has to initiate these tariffs.
He has to cut social security because Joe Biden left us the biggest financial disaster in the history of our country.
And yes, Americans are going to feel some pain.
But once everything falls into place,
America is going to become even greater and stronger than it's ever been.
And I just about threw up.
Hey, Dominic, she mentioned the guy's name, Sean Spice.
Spice.
Wasn't he in a horror movie?
Wasn't he the monster in a horror?
Oh, I know he is.
Sean Spicer.
It
Yeah.
And
Yeah.
So he's his
like, hey man, what
I want to
Pain.
and it's a good
Uh, isn't a big deal because you're for the long run.
You invest in the long term.
You know, you don't, you know, you don't let the market let it ride, you know, the peaks and valleys.
You don't try to pick your spots.
Okay.
But what if you're retired and if you're lucky enough to have some money to draw down on, well, now you're drawing down on a declining asset.
You know what I'm saying?
You lost 4% today.
What's going to happen tomorrow?
What's going to happen in two weeks?
Cause the more you draw out, obviously you lower your asset and then of the value of that asset continues to decline based on these folks.
And then if you, if you're all retired and you're drawn on that, you're probably, I don't get some social security and Medicare as well.
And what are they doing there?
Well, they're going to go after that as well.
You know, you know, Dominic, um, I just happen to know a lot of people who don't have any stocks.
And, and so the stock market is not their barometer, but whether or not things are going to get worse.
Sometimes it's my big toe is throbbing, right?
Right.
I mean, I mean, they really just, this is an arbiter of the pain that people who can least afford it are going to feel.
It's always those marginalize.
It's always those on the lowest rung.
It's the single mother, Dominic, who has maybe one or two children who's trying to make a go of it and rent this way too high.
and who counts on feeding America and those kinds of places.
And what are we doing to those people, man?
We're pushing those people to the end of their line, right?
I mean, if I got some stocks, like you said, you're in it for the long haul, you lose some, but every dime you have is not in the market.
And bets are that you have a little money.
that you get more money that you get that you can live off of.
But we're talking about the long term impact of so many Americans, rural Americans, urban Americans.
These are the people who are going to be devastated.
Yes, portfolios are going to be hurt.
But man, people who live day by day, that's where the real damage is going to come.
And they've taken away the safety net, Dominic.
Right, yeah taking that away.
Let's always remind folks this is happening because the Republicans and Donald Trump are trying to carve out a way to give
extended tax breaks for millionaires and billionaires.
That's why we're doing this.
That's why we're having these conversations.
That's why those folks, you know, the single mom with the two kids that were relying on some of these safety net programs, that's why they're going to be suffering more.
And you talk about the prices of rent and the car.
Man, cars are already expensive.
You
interest
I mean, they're not as high as they used to be or as they could be, but they're certainly aren't as low as they used to be.
So financing and getting a new car is expensive, man.
And now they're going to what the arbitrarily throw on 25% tariffs on cars coming in.
Okay.
Congratulations.
You're even you can find a $20, $30,000 new car.
Good luck.
Cause now it just went up 25%.
You know, Dominic, uh, Donald Trump said it's as easy as they'll buy American cars then.
They'll be forced to buy America.
Well, guess what man the parts For those of me.
It's not the way it was in my day Dominic when I was in the auto industry where everything was made in America That's that's long since past man.
And
someone argued that one of the reasons that the global trade has made America more competitive, because if you have protected markets, and do you really care?
Does it really matter if everyone's going to buy your product anyway?
Are you lean and mean?
Is your quality up?
Is your service up?
Are you making good vehicles?
Are you just pumping it out to make the money?
Because you know what?
Everyone else is blocked out of the market.
Are we going to go back to that?
Fat and lazy corporations?
there's history we can look back on and see, hey, how, what happened then?
How did this affect people, real people's lives?
And when you have a president of the United States standing in the Oval Office and lying to people about how history actually happened, man, I mean, it is, it is the full on embrace of willful ignorance.
And the guys going golfing now.
So come back with us, folks, eight, five, five, seven, five, two, four, eight, four, two, eight, five, five, seven, five, seven, more of your calls.
I promise on the other side.
And welcome back to the Earl Ingram show.
Every time I hear their music,
Earl Ingram joined me until six o'clock today.
Thank you so much, Earl.
Always a pleasure to catch up.
Jess P.S.
working hard on the board.
You folks on the line eight, five, five, seven, five, two, four, eight, four, two, talking about the tariffs.
And I'm going to throw this one out there before we get back to the college.
And we have some sound of a sent us Senator Rand Paul, some Republicans in the Senate, trying to push back at least as it pertains to tariffs with.
Canada will get to that as well.
But I heard Donald Trump today and we didn't play the song because you know how Trump talks in front of the freaking helicopter all the time.
It's terrible.
But he's like he literally said it's the markets are going to boom.
It's going to be great.
The rest of the world are doing any wondering if there's any way that the rest of the world if they can make a deal.
Make a deal because it goes exactly against what my understanding is that the tariffs are not up for negotiation.
According to the Washington Post, White House officials have circulated internal talking points telling surrogates that Donald Trump's new global tariff regime should not be characterized as a starting point for negotiations.
They're literally passing this thing around inside the White House saying this is not about negotiations.
Trump's out there today saying the rest of the world's wondering if they could make a deal.
Making a deal seems like a lot to me like negotiating for something.
Earl, you know what I'm saying?
I mean, is it possible that the guy's just, he's an old crazy old man that doesn't, he doesn't remember what he said last time around and he's having this influence on our global markets, man.
It can't be both things, Earl.
Well, so let me ask you because it wasn't so long ago that I heard people say the Democrats knew that Joe Biden Was having some issues Hey, man, you think there's anybody in on the Republican side of things who are listening to this man and saying hey
If he ever had some cognitive ability, he certainly doesn't have it now.
It certainly seems
It's not consistent, man.
I mean, if the report is true, there's internal memo saying this is not negotiation.
He goes out and says, hey, we're looking for deals.
I mean, those things, they're contrary, man.
I mean, that's just the reality about there is some folks pushing back.
Apparently Senator Rand Paul is pushing back a bit.
Let's hear what Senator Paul had to say.
The president's imposition of tariffs against Canada that will be
a costly tax increase on American families.
If the president has concerns about trade issues with Canada, guess what?
This president negotiated a signature trade deal, the USMCA, that got 89 bipartisan votes in this chamber, and he has a negotiating process
to find a resolution to any issue he cares about.
The imposition of tariffs does nothing more than put a tax on American families.
He's right on one thing.
A tariff is a tax and a tax is an increase and increasing the price of a product.
The last thing I knew I learned when I was in grad school, Earl, was that that's inflationary, not deflationary when you raise the price of something.
Well, you know, Dominic, I never went to grad school, but even I know.
Come on, man.
Come on, man.
That's elementary, Dominic.
Right.
I mean, really, you know, people are people are going to be at which end because especially where these things are going to impact.
Many people shop at Walmart, man.
Walmart is, you know, a godsend for people who struggle every day.
The things that are in Walmart dominate are generally, you know, a few steps ahead in the dollar store.
But the truth of the matter is the impact of all those things that are in Walmart to come from China and other places Dominic they're gonna they're gonna go through the roof Mm-hmm That's coming
going
I mean, there's going to be, it's going to flow through because those tariffs aren't going to be absorbed by Walmart.
They're not going to be absorbed by the, the, the importer.
They're not going to be absorbed by the manufacturing or those people that bring them in, they're going to pass it along, man.
Cause everyone's working on a margin and you want to keep your margin the same.
The only way to keep the bottom line is the same to increase your price.
Man, that's what, I mean, Donald Trump should know this and, and, and those folks and people like, like Senator Rand Paul, Republican who they know this, this is an increase.
in the price of goods.
That is not why the people elected Donald Trump.
And it just amazes me that the Megas are just falling all over themselves to try to continue to move the goalpost as to what the point is of all of all.
That's right.
That's right.
What is the point?
Earl, the point is so we can carve out four and a half trillion dollars in tax cuts for millionaires and billionaires.
You know, Dominic, where I run Paul's colleagues, right?
I mean, Ron Paul is a guy who supported Donald Trump.
But in this instance, he noticed this is too egregious and too damaging to to his constituents and other people that even though he supported Donald Trump knowing and in and basically gave him carte blanche, it's about three or four of them who just no man.
This just is just this is too egregious, man.
Right.
It's too egregious.
can't stand with that man.
Come on, man.
Well, and women and children, come on, man.
Well, and Rand Paul's from Kentucky and Kentucky bourbon and Canada loves themselves from Kentucky bourbon and the weapon that they're pulling the stuff off the shelves, man.
And so there's going to be real.
And I don't know that that Rand Paul and I, I'm sure I'm assuming he's doing this out of the concern for his constituents because, you know, Rand Paul is not going to worry about paying
the
rent, you know, but when your constituents all of a sudden start hammering you down and they're not just woke agitators, you know, paid for by George Soros.
These are people.
in your neighborhood's man that are going, dude, what is happening?
We can't sell this to Canada now, because Trump's mad at them for some reason.
When Trump's the guy that negotiated the deal on the last way around, I mean, if I were Trump, I'd really, I'd put the guy, the last person who negotiated the NAFTA to the USMCA, whoever did that should be put in prison.
That's what I would do.
Hey Demi, let me bounce this off of you.
All right.
You know who's conspicuously absent?
We haven't seen Trump's children at all.
Not done, not the other guy, not his daughter, not, you know, those, they learn their lesson, man.
Stay away.
I don't know what they're doing behind the scenes.
Oh man.
They got the
Oh my gosh, where to start?
It's a
How about if we start where Trump says this is just like surgery.
The patient had surgery and he's alive and prognosis is good.
My question is what kind of surgery did he have?
Powerful lobotomy?
Looking at the way the country is today.
And I also want to say that when you talk about opening factories back up, those new factories that are going to be built and opened back up, they're going to be run by AI robotics.
They're not going to.
be giving billions of people jobs, that's just not the way it's going to be.
And we'd be foolish to think otherwise.
And I have, for Earl, I'd like to say my barometer is not my big toe and not the raspberry.
but my barometer is whether or not I can afford my medicine and whether or not I
afford food.
And I know that these tariffs are going to hurt the drug industry because we get a lot of medications from other countries.
how much is enough?
How much is enough for Musk to have enough to
put himself, President Trump and all the other billionaires in a spaceship and head off to
You know, man, you, you felt the pain in Ali towards the end of it, which you talked about the medication and food because that's, that's real, man.
That's real pain.
that people are going to be feeling that didn't have to feel it, right?
And especially when you kept hearing people talking about the pain that Joe Biden caused.
And what Joe Biden did do, man, is he certainly put safety nets there and he offered, he had compassion for people, man.
You know?
He truly did.
And here it is.
And I was talking to somebody the other day and I said, yeah, I remember George Bush Jr.
He said, do you miss me now?
Well, Joe Biden should steal that line.
Yeah, right.
And the Democrats, do you miss us now?
seven, five,
Hello, gentlemen.
You know what?
First of all, I want to say thank you so much to a civic media and to you gentlemen, because you have such a nice group of people.
Earl with his, you know, life experience and his views and culture and bring a really good point and dumb with your culture and with your knowledge and experiences and everybody else make it on.
Everybody else thought is amazing.
So when you see such a group of people who come in from the different sides of the society, different sides of the law, you can see that what's happening in the country does reflect everywhere.
It doesn't matter.
who your, what, what your specialty in that life, what is your profession, what's your dedicated, what you make, what your habits are, it reflects and it hits everybody.
And also I'm really disappointed about all the water's idea because I do work in the healthcare and I know that tariffs are horrible, but the water's idea, I won't, so many old people, there's so many disabled, there's so many people in the group homes and the nursing homes,
This is on purpose.
So those people will not going to have an ability to work because nobody is going to take them to the DMV.
Nobody and decide the point if you have.
All you guys are saying is correct and there's some kind of forensic evidence of this book I ran into about Trump and the people around him and his name is Tim Miller.
He was the communications director for Jeb Bush's campaign and he is not happy and he wrote this book and it just
put this right on.
He's got all the groups divided of the party.
All right, man, we'll check it out.
We know there is a conspiracy, a vast right wing conspiracy and come back with us 855-752-4842 final segment of the day.
Welcome back to the Dom salvia show being legendary over here all the time eight five five seven five two four eight four two eight five five seven five civic Earl Ingram joining us for the last segment of the day Earl.
Thank you as always for joining us man.
We do have some news we want to share with the audience.
I think just you want to go first.
Tell us something good.
That's right.
It's gonna be a full day.
A full day of telling us something good.
So you heard that folks, right?
And tomorrow we will get into it.
We're gonna take callers all day.
We'll answer any questions you may have.
I mean, Earl going on 13, what, going on 14 years and doing radio, man, you know we got some stories and I'll try not to tell too many about you, my friend.
But I want to thank you as well.
Always man coming around.
We've been we've been doing this together in different ways and formats for a long time.
Hell, I used to produce Earl back in the day.
You know, you know, Dominic, I want to begin by saying when I met Jess and when you first wound up kind of doing the show alone and there was a week there before.
You
actually came on and I got to got to meet Jess and you know, we got to kind of do a little radio together for those three or four days or whatever it was, but Jess, it was it was great getting to know you.
You know, you're great at what you do.
You got success written all over you.
So, you know, it's the beginning for you and not the end.
You know, Dominic, what can I say, man?
You know, you and I, the only the only thing I can say that's for certain is that our paths are going to cross again because we live in the same city.
And so it's just a phone call away, man.
But, you know, people are going to miss you, man.
You know, I mean, you know, the thing about radio is nobody ever said you'll you'll you'll be there until death do.
you part, right?
Yeah, I know there's an end time for me on the air.
And so, you know, people come, people go, but the listening audience is always there and there'll always be somebody else.
So, man, I hate to see both you guys go, but I've been around long enough to know, you know,
Nothing lasts forever.
except
They don't just
I get the numbers and we
a couple of times on the radio, man.
So I'm not, I'm not, I'm not concerned about it.
I'll be fine.
Jess will be fine.
We're all going to move on.
Uh, you know, civic media is fine.
This isn't a, a, a terrible departure.
Certainly wish it could have worked out differently.
Didn't.
Uh, but the fact alone that we're still doing this and we're announcing the fact that
we're doing this
for me.
And like I said, it's unfortunate we have to get to this point and it didn't work out the way we would hoped it would have.
But that's fine, man.
There's other people going to say the things and do the things.
I'll still be a fan and still be listening, supporting what civic media's mission is here.
It just won't be with my voice.
So you're going to have to get some other folks in here.
eight, five, five, seven, five, two, four, eight, four, two, LA.
Tom, you will have the last word today.
Welcome, Tom, what do you
got?
Man, Dominic, all I know is that I've seen you grow from being a libertarian to actually being a burning type supporter.
And it's going to be a really, really tough thing to see you not on the radio anymore.
man.
I would like to say though that
Everyone needs to realize that everything Trump touches dies or is bankrupt.
It's just the way it is.
And I wish the hell he had a stutter because if he did, maybe then people would really start seeing the more cognitive decline that he had than Joe Biden ever had.
Joe Biden did not have a cognitive issue.
He had a speech impediment.
And as he got older, that got worse.
But Joe Biden knew how to take over a Congress.
He knew how to do things to get things done and everything Trump touches
Thank you, Tom.
Appreciate it.
As always, folks, come back with us tomorrow.
We'll have more conversations.
We're going to spill all the beans and have all the fun, kick all the ass and take all the names.
Thank you, Earl Ingram for joining me.
Once again, always a blast.
My friend, check his show out Monday through Friday, eight to 10 a.m.
Right here on the Civic media radio network.
Thank you, Jess.
P.S.
We'll see you tomorrow.
Thank you to our fair audience.
Now stick around.
Pete Schwab of the nightlight is coming up next.
Have a great night.