Alabama's Morning News with JT
Erin Real talks Trump
(upbeat music) - Okay, round two. Name something that's not boring. - Laundry, ooh, a book club. Computer Solitaire, huh? - Ah, sorry, we were looking for Chumba Casino. (upbeat music) That's right, ChumbaCasino.com has over a hundred casino style games, join today and play for free for your chance to redeem some serious prizes. (upbeat music) ChumbaCasino.com. - No percussive. (upbeat music) - The theme for the convention tonight in Milwaukee for the Republicans make America wealthy once again. Aaron Rial joins us now, speaking of money. How did the market react to all of this? Any investors coming out, I understand that some of them have put money on hold. Obviously we're talking about that with Joe Biden supporters, but any reaction from big investors? No. - So it's interesting, US stock futures, they barely budged after this assassination attempt on Saturday, the Dowards, 65 points, S&P at 0.1%, and the NASDAQ was unchanged. Now, going into this morning, everything's pointing to the green, which means there's probably gonna be a lot of volatility in all three major indexes, but they, this will affect the markets. The markets love stability, this is obvious volatility, and they are expecting a flight to safe haven assets. That's what a lot of traders are gonna do when volatility happens, safe haven assets, currencies like the dollar, like the Japanese yen, like the Swiss Franc, like gold, even Bitcoin, believe it or not, Bitcoin is up. And they're now considering Bitcoin, one of the non-traditional safe havens, that's kind of where it's finding its footing. But what this does is it puts President Trump in terms of all the snap pulling in a much more probable position to be the president and the elect after the election. That's something that we're seeing. And as a result, the markets are gonna price that in. And the so-called Trump trade, it's things that Trump has supported in the past, things like shares of energy firms, of private prisons, of credit card companies, of health insurers. These are all expected to get a bump. - No, you're breaking up here, did we lose you? Are you there? - Oh, no, I'm here, I'm just done talking. Can you hear me? - Yeah, no, yeah, you were kind of breaking up towards the end there, yeah. So, and it's interesting, when you look at the market a lot of times and world things happen, sometimes the market just goes, okay, whatever, and we, and we keep moving. You know, they're more concerned, I think when there's instability in our own, inside our own government, you know, with the three different branches, when you're all leaning one direction or another, it's like, oh my gosh, it's two, you know, one sided. They like separation in Congress, for instance, Senate led by the Democrats, House led by Republicans. The balance of power in our government seems to be a more stable market situation. And this whole thing, with Donald Trump, you know, I'm sure you watched it as well over the weekend, you know, him getting up after he took cover and Secret Service was around him, and then standing back up and pumping his fists and keep fighting, just keep fighting, and blood coming off his ear, I mean, what a freaking rock star this guy was to get up, and he wanted to continue speaking, but they said, no, no, we're getting out of here for now. And now he's gonna show up tonight at the convention. I mean, I think this kind of, you know, bolster is not only his base, but others going, you know what, this is crazy. The fact that this whole thing has been politicized, coming after him for so many different ways, and now you get this crackpot, getting on top of that roof, taking a shot at him like this. I mean, what do you think this does to the, you know, as far as the improving supports, and my gosh, this guy's such a leader, look at him, been shot, he wants to stand up and speak more as he's being whisked off the stage. - Well, everything you just said increases the probability that he'll find his way into office for sure. People like that, they see the strength, and yes, in some ways, it couldn't have been better for him, and I don't mean that in a cross way, and I am deeply compassionate for the man who lost his life, the former fire chief, and this was a deeply tragic event and a historic event. And I'm not making any sort of way to this and any conceivable way, but what we do know, yeah, Trump's support, this is purely economical, this is not my opinion, but Trump's support for looser fiscal policy, and then way higher tariffs, it's generally viewed by economists on the market as likely to benefit the dollar and weaken treasuries, particularly those long-term treasuries, the long-dated ones, the 30 years. And that's because many economists, and who knows if Trump will really do it, he sometimes looks at the data and course cracks, but time and time again, economists on the market have said that that would be disastrous, not only the global economy, but for us here in the US, it will be very dangerous, which is why you see the long-term treasuries suffering under, suffering, and by suffering, and I mean being a streamer under Trump president. - Let's just face it, the last president, I mean, the last run as president, he had the economy rocking and rolling, and it's been struggling ever since Biden took over, and of course he blames Trump on that. But anyway, Aaron, thank you for the update, appreciate you. - I'm Victoria Cash. - Thanks for calling the Lucky Land Hotline. If you feel like you do the same thing every day, press one. 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