March 5, 2025 • 33 mins
ICYMI: Hour One of ‘Later, with Mo’Kelly’ Presents – In-depth analysis of President Donald Trump’s address to a Joint Session of Congress AND the Democratic rebuttal - on KFI AM 640…Live everywhere on the iHeartRadio app
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Speaker 1 (00:00):
You're listening to later with Moe Kelly on demand from
KFI AM six forty.
Speaker 2 (00:06):
President Trump offers his first well, actually it's not a
State of the Union speech, but it's a Joint Session
of Congress speech. We will be having the Democratic response,
which would be coming up and I think maybe five
to ten minutes. It'll be given by Michigan Democratic Junior
Senator Alissa Slotkin, And we don't know how long it's
going to be. But typically the rebuttal is given by
(00:29):
someone the party thinks is an up and cover or
could be just the future of the party, and they
offer this as a national stage for some of the
young talent in the party. That's irrespective of it being
a Democrat or Republican. But let me just give you
a few thoughts of what I thought about President Trump's
very long address. We're talking about an hour and forty
(00:51):
forty to forty five minutes somewhere in there.
Speaker 3 (00:54):
Yes, there were disruptions. I'll get to that.
Speaker 2 (00:57):
But remember how the US, or at least I would
laugh and you probably laughed at British Parliament or the
South Korean government. You know those scenes where they were
fighting at each other, they were kissing at each other,
jeering at each other. Remember that we laughed at their incivility,
their behavior said, oh my gosh, you know, America could
never be like that, We would never stoop so low.
(01:20):
Well we stooped that load tonight. We both definitely did.
I never saw anything like that. There was the speech itself,
which definitely was a pep rally, a campaign rally speech.
I wouldn't consider calling it like a joint Session of
Congress traditional speech. It wasn't meant to unify. I think
we can be fair and say that it wasn't meant
(01:40):
to unify. It was settling scores, and he was pointing
figure fingers and parsing blame throughout, and also celebrating what
he saw to be his successes. That's very unusual for
a joint session of Congress.
Speaker 3 (01:57):
But it's twenty twenty five.
Speaker 2 (01:59):
I think we're in a different space when it comes
to speeches, what we expect of a president, what we
accept from a president, and his behavior. But if you
did not catch the beginning of it, and this was
something that will be covered extensively on cable news, on
mainstream news, the broadcast news, you'll see it again and
(02:21):
again there was a moment near the beginning in which
Democratic Congressman Al Green from Houston stood up and he
was pointing his cane at the president and taking issue
with some of what the President was saying.
Speaker 3 (02:39):
And I couldn't hear audibly what he was saying.
Speaker 4 (02:41):
I think he was saying that Trump didn't have a
mandate to cut medical.
Speaker 3 (02:44):
That's right, That's what I just read.
Speaker 2 (02:45):
That's right, okay, And Trump was saying he was because
in the beginning, President Trump was talking about how he won,
how he won seven swing states, how he won the
popular vote, and at that point, somewhere in that time
we could see because they're moving back and forth, the
camera was moving back and forth between President Trump and
Congressman Olt Green, who stood up and pointed his cane
(03:08):
at the president and interrupted him.
Speaker 3 (03:10):
A number of times.
Speaker 2 (03:12):
We had Speaker of Mike Johnson used the gavel something
I had never seen before in the middle of a
joint session of Congress. Speech, first warning that there would
be ordering decorum in the upper Chamber, I mean in
the chamber, and then again he warned that if it
should continue on paraphrase him. He didn't use these exact words,
(03:32):
he was saying that if there was going to be
any interruptions that that person or persons would be removed
from the chamber. And then eventually Speaker Johnson called for
the Sergeant of Arms and it was out. It was
without incident, There was any wasn't anything beyond that. Sergeant
of Arms escorted Congressman Green out of the chamber, and
(03:53):
then for the rest of the speech it went on
pretty much without significant interruption.
Speaker 3 (04:01):
You did hear jeering as I was talking about.
Speaker 2 (04:04):
You did hear exclamations of lies or that's faults. What
you could see and if you could not see the
address tonight. The Democrats obviously were not there to give
the President any type of support. They did hold up
these fans if you will, like if you were in church,
these fans hand fans.
Speaker 3 (04:27):
They had messages on them.
Speaker 2 (04:28):
One of them said up Musk steals as in elon Musk,
and another sign said save Medicaid.
Speaker 3 (04:36):
Others said false.
Speaker 2 (04:37):
That was a part of the silent resistance or silent
form of the protests that they were offering on this evening.
I don't know whether it made any real difference in
the delivery of the speech by President Trump, but not
it seemed to me, and this is just me going
out there on my own, it seemed to me there
(04:59):
wasn't a unit or an agreement of understanding between Democrats
whether they would be quiet in their opposition or whether
they were going to make some sort of audible response
and be disruptive. Because this is just me looking at
the faces of the different members of Congress. It seemed
(05:19):
that some members of Democratic members of Congress were content
with not making any type of audible scene and just
holding up the signs, and there were others who wanted
to be heard by alleging that the President was lying,
or saying that's false, that's untrue, yelling at some points
to be audibly heard. I don't think it changed anything,
(05:41):
but it did though highlight how this particular address was
probably the most contentious one that I've ever seen for
a joint session of Congress. Yes, we know that Congresswoman
Marjorie Taylor Green and Congresswomen Lauren Boebert were very disrespectful
and disruptive to President Biden in previous i'll say State
(06:04):
of the Union addresses, but this was something different. There
was a there was a contentiousness from both President Trump
and some Democrats that I had never seen in all
my years of just following politics. But I will say
that this is probably who we are now and I
think who were going to be for the foreseeable future.
(06:24):
If you were expecting President Trump to offer an address
that was conciliatory in nature, or it was going to
be one of an open hand and possibly one offering
a hand of unity, it was not that, and it
was clear it was never going to be that, and
going forward it probably is not ever going to be that.
(06:45):
For those who think that this was a time for
the uh, for the country to possibly come together, let's
not have any illusions. President Trump was making it very clear,
at least in his mind, that he has the support
of the country. That country has chosen him, and so
everything that he chooses is going to be for the
good of the country, and he need not have to
(07:07):
work across the aisle on anything, at least in the
short term, at least until the midterms. Mathematically, that is
pretty much true. There will not be any real opposition
if only because the Republicans control the House, the Republicans
control the Senate, the Republicans obviously control the Oval Office,
and in terms of the courts. The Republicans most likely
(07:30):
have the most federal judges and obviously a six to
three justice advantage in a Supreme Court justice. Since so
the Democrats, there's really not much that they can do
right now. If you happen to be a Democrat or
support the Democrats, this is something that is beyond their
reach at this point. They can try to be the
(07:51):
loyal opposition, they can try to obstruct as best they can,
they can try to filibuster, but it's probably not going
to stop the Trump legislative agenda. And that's something that
President Trump took a lot of time. He almost went
executive action by executive action, explaining everything that he had
done in the first forty days or so of his administration.
(08:14):
And he prominently, prominently featured the culture wars, which again
said that he was not trying to bridge any type
of gaps between Republicans and Democrats.
Speaker 3 (08:29):
This culture war is going to continue.
Speaker 2 (08:32):
And President Trump was definitely speaking to MAGA, and I
don't expect the response to be he won fifth. As
long as President Trump who was speaking, I expected to
be about maybe fifteen minutes tops. I'd be surprised if
it's more than that. But again, it's usually the opposition
or the response from the opposition is usually someone who's
(08:54):
a considered to be a rising star within the party,
and they're offering the opportunity for that person to be
heard and seen on the national stage. You usually see
the young talent coming into prominence in nights just like these.
But let me get back to some of the things
that President Trump was talking about during his I don't
(09:15):
know the official amount, but it was an hour and
forty minutes thereabouts. I think he started speaking around six
twenty ish and he finished right around eight o'clock. But
President Trump offered a long list of doze cuts that
he listed as scams. And that's going to be highly
contested because he listed these organizations and these things that
(09:42):
Congress had already legally a portioned And that doesn't make
it a scam. That just means that's something that's not
going to be popular with Republicans or MAGA. That doesn't
make it somehow waste or fraud. But you'll hear more
about that tomorrow, and in my final thoughts, I'll give
you my thoughts about the generalities of a speech like
(10:02):
this and how do you know whether it landed or
whether it missed the mark. And it has nothing to
do with what I think about a speech. It has
nothing to do with you may like or even dislike
the president. There are other indicators that you and I
will be able to see tomorrow which will be clear
and arguable, and I will say representative of how most
(10:26):
industries and most indices receive the speech, and then you
get a good sense of where the country will be
headed for the next couple of weeks. Again, we're giving
some analysis for President Trump and his Joint Session of
Congress speech. It was his first major speech since he's
been re elected as president. In just a few moments,
(10:48):
we'll probably hear from the Democratic response to the opposition speech,
and that's going to be given by Michigan Democratic Junior
Senator Alyssa.
Speaker 3 (10:56):
Slotkin.
Speaker 2 (10:57):
And it's always weird to here rebuttal Most of it
is written.
Speaker 3 (11:02):
This is what I do know.
Speaker 2 (11:04):
Most of it is written in advance. There's like a boilerplate.
You know that the President is going to touch upon A,
B and C. You know the President was going to
touch upon tariffs. You know that he was going to
touch upon Ukraine. You know that he was going to
touch upon illegal immigration, for example, and you kind of
write your speech around those tent poles. Then you actually
(11:25):
listen to the speech, and then you try to fill
in the rest.
Speaker 1 (11:28):
You're listening to later with Moe Kelly on demand from
KFI AM six forty.
Speaker 2 (11:33):
Michigan Democratic Junior Senator Alissa Slotkin delivered the rebuttal to
the Joint Session of Congress speech by President Trump tonight.
And I don't know if you happen to be a Democrat,
or if you happen to be a supporter of the Democrats,
or maybe you're just not a supporter of President Trump.
(11:56):
I don't know how tonight went for you, but I
will give you this assessment of the Democratic response and
also the Democratic resistance to President Trump in that chamber tonight.
Speaker 3 (12:10):
I thought it was really lackluster.
Speaker 2 (12:11):
I mean, I saw members of Congress wearing pink outfits
as a form of protest. I saw the signs with
things written on them like musk steals or save Medicaid
or things of that nature. But I didn't see anything
that was tantamount to a uniform response, an effective response,
(12:32):
or a demonstrative action which would say that the Democrats
have a hold on this moment and understand how they're
going to move against the Republican Party and with it
President Trump, I just didn't see it.
Speaker 3 (12:46):
Now.
Speaker 2 (12:46):
Conversely, I'm not going to say that President Trump gave
a speech of all speeches. It's much of what we heard,
it was mostly a campaign speech. It didn't seem like
he was president more than he was running for president.
As he was relitigating past grievances and also talking about
the election. It seemed kind of strange to me that
you would start off a joint Session of Congress speech
(13:09):
talking about how you won the election or winning the
popular vote. That's just really unusual and not usually what
it's meant for a joint session of Congress. I would
always hope that if you are a president, that you're
going to comport yourself as president and not just be
campaigning to be the president of one party as opposed
(13:29):
to two. That is just my personal expectation for a
speech like this. Now, as far as how it's going
to land, you can turn on any cable news station
right now and they have different people offering analysis. They
have different political figures and elected officials giving their spin
(13:50):
on this message. And you know, what no one will
really remember it in two three weeks, with exception of
you two clips, no one will remember, no one will
really care. And what will happen, though, is you'll notice
tomorrow how people will react to their feelings surrounding the speech.
They'll react to what they think is either the right
(14:10):
or the wrong direction of this country. And you'll see
it in the markets, and you'll see it other places.
And I'll talk about this in my final thought, and
that to me says far more than anything that was
actually said in the speech, and something that was told
to me a long time ago, and I swear by
it even today. I can't tell you what Joe Biden
(14:33):
said in his State of the Union speech any of
the four years that he gave them. I can't tell
you anything substantively that was said in any State of
the Union or Joint Session of Congress speech by President Trump.
I have no memory of them, and I doubt you
do either. But you always remember how you may have
(14:53):
felt after they were done speaking. You may have felt
either more confident or less confident the commander in chief
for whatever reasons. And that's usually usually the barometer, the thermometer.
However you want to measure it as far as whether
the speech was successful, as far as reaching the American people,
(15:15):
Did you have some sort of emotional response, either positive
or negative. You're not going to remember the words of
the speech, and I doubt if I were to quiz
anyone you'd be able to tell me much of anything.
You might be able to come up with one line maybe, maybe,
but that's about it. It is more a function of
(15:36):
did you leave the speech feeling more confident or less
confident about the direction of this country. It's been said
more times than a thousand that we are more separated,
that we are more partisan, that we're more divided than
ever before.
Speaker 3 (15:53):
Tonight is not going to change that.
Speaker 2 (15:55):
In fact, I would say I think it's fair to
say that the speech by President Trump played on that
and also played to that to make sure that we
were more divided. If you like President Trump, you're going
to like what he had to say tonight.
Speaker 3 (16:09):
Just that simple. It would vintage Donald Trump. If anything.
Speaker 2 (16:13):
He was unrestrained and unconstrained, where he said absolutely everything
he wanted to say. And if you supported him, then
of course you're going to love that. And if you
weren't a supporter of him, then you're not going to
like anything he has to say. So we're going to
be just as bitterly divided tomorrow as we are today.
The question is how is the stock market going to respond?
(16:36):
How are our allies going to respond. We heard what
he had to say during the speech about tariffs, and
he said something about reciprocal tariffs which were going to
be set for April second. In other words, the any
tariff that we have to pay regarding another country's goods,
we're either going to meet that or implement a new tariff.
(17:01):
There's going to be a lot of economic uncertainty for
the foreseeable future. And how that's going to sit with
not only Americans, but our allies and our markets yet
to be seen. And although there are those who may
love the speech, it doesn't mean that there won't be
(17:23):
consequences for the speech.
Speaker 3 (17:25):
And if you hated the speech, it.
Speaker 2 (17:27):
Doesn't mean that somehow Donald Trump's legislative agenda is going
to be slowed down. There are a lot of factors
and a lot of variables as to what this country
is going to go through, and we're going to go
through some stuff for the next few years. Because Donald
Trump of anything he's been consistent as a disruptor and
also making people uncomfortable, and that plays out in a
(17:52):
lot of ways. It may not be good for your
four one k, it may not be good for unemployment.
It may be good for you. There are a lot
of people who voted You might have been seeing the news,
a lot of people who voted for Donald Trump who
are maybe having some second thoughts that they happen to
be some of the people who were laid off by Doze.
Those are some of the unintended consequences that we're all
(18:14):
going to have to experience. I happen to know that
the stock market dropped thirteen hundred points in the next
two days. If it gets it all back in the
next week, no harm, no foul. But if it starts
to turn into a trend, then we may see some
economic damage which will be not so easy to recover from.
(18:35):
So how we feel about this speech on this given evening,
it really doesn't matter whether you happen to have loved
the speech, you thought it was his greatest speech, or
you thought it was more of the same and you
can't stand the man. It really doesn't matter what happens tomorrow,
what happens with Canada, what happens with Ukraine. You might
(18:58):
have even seen what Kim John Owne's sister had to
say about America today. What happens with our allies as
well as our adversaries will say far more than anything
that was said in that chamber. Tonight, you're listening to
Later with Moe Kelly on demand from KFI AM six
forty This Later with Mo Kelly, We're alive everywhere in
(19:20):
the iHeartRadio app We're covering the Joint Session of Congress
remarks from both for excuse me, President Trump, and also
the Democratic response by the junior senator from Michigan, the
name Elissa Slotkin. And I'm actually surprised how long President
(19:42):
Trump spoke. He got to the podium, I want to
say fifteen minutes late. He started about twenty minutes after six,
and he finished up close to eight pm.
Speaker 3 (19:52):
There was some disturbances at the beginning.
Speaker 2 (19:54):
There were long applause breaks, there were some booing, some hissing,
which obviously lengthened the totality of the address itself. You know,
if you take out all the applause lines, you probably
wouldn't have done it in twenty twenty five minutes, but
these things usually run long. Then we had the response
from Alyssa slock Kid. Overall, and I'll talk about this
(20:18):
next segment. It's not going down. This is best in history.
That is President Trump's I don't know how consequential it
will be. Tomorrow will know because we'll see the response
from adversaries and allies alike, will see the response from
the stock market. I don't think the Democrats were particularly
(20:38):
effective at providing any type of real resistance, not that
they could do much. I thought it would least have
been a little bit more coordinated. You had the Democrats
and the at least the female congress members in Pink Okay.
You had the handheld signs that were they were like,
it's almost like half of the Democrats said, hey, we're
(20:58):
going to be quiet and side protests.
Speaker 3 (21:00):
We're going to hold up these.
Speaker 2 (21:01):
Signs saying musk steals or save Medicaid. Others said faults.
And there were some Democrats that said, no, we're going
to set this motherfather off. And you had Democratic congressmen
from Texas Al Green standing up and pointing his cane
at President Trump, disrupting the proceedings. You had Mike Johnson
(21:23):
get on the gavel twice, threatening to have al Green
removed from the chamber if he kept on. He kept on,
he was escorted out by the sergeant in arms. I
would say that was the quote unquote highlight of the evening.
That's the piece that you could have replayed from here
until I don't know, the next four weeks, probably, but
(21:46):
I don't think the Democrats were effectively. They weren't effective
in their resistance. I don't know really where the Minority
House leader Jakim Jeffries was. Yeah, I saw him, but
I'm saying I don't know where he was in the
coordination of all this. It didn't seem like it landed
particularly effectively. But maybe I'm wrong. As far as President Trump,
(22:07):
he went through everything. He had scores to settle, he
had insults to make, he had barbs to throw at
former President Biden. He had all things to say about
the time that he was. He avoided the assassination attempt.
He was relitigating twenty twenty all over again. He was
relitigating twenty twenty four. He laid out all of his
(22:29):
executive actions from number one to number eighty one. I
don't know how many that he's done, and he's talked
about his vision for the next four years.
Speaker 3 (22:39):
It was not a come together moment. Be clear. He
was not trying.
Speaker 2 (22:44):
To unify or bring the country together. And I think
that's fair to say he was up there saying, I'm
the man, this is my administration, this is what I
plan to do, this is what I've done. Either get
on board or get out of the way. Right now,
he can say that because legislatively there is nobody to
(23:05):
stop him. There is nothing to stop him legally, legislatively,
I don't know, socially the ineptitude of the Democrats. There's
nothing to stop and so he's going to basically do
whatever he wants, and he's going to try to find
that line as far as how far he can go.
At least in the next six seven months. The only
(23:25):
time that any of this is going to change is
when you may see some lawsuits from people who were
fired because of Doze and the firing of federal employees
without cause. You may see some lawsuits which may push
back against the Trump administration, but you're not going to
see anything substantively until the midterms.
Speaker 4 (23:46):
Can I just say I'm seeing a bunch of fact
checks now starting to come out on all the major
news sites, and without getting too far into the weeds,
I will say they're extensive.
Speaker 2 (23:56):
Well, you have to know that we live in a
time now where facts do not matter. When I say
that is, people are not going to be swayed by facts.
People are not impressed by facts. People by and large
do not care about facts. It's more about how we feel.
And the address tonight was about making people feel a
certain way. If you're a supporter of President Trump, you
(24:18):
felt great. If you didn't support President Trump, you did
not like the speech.
Speaker 3 (24:24):
Facts had nothing to do with any of that.
Speaker 2 (24:27):
I could fact check them in and say all the
things which were categorically untrue and verifiably and provably untrue
doesn't really matter, doesn't matter.
Speaker 3 (24:37):
And when he was listing all the.
Speaker 2 (24:40):
Supposed fraud that he found without evidence, I mean I
could easily say that was all congressionally a portion. That's
not waste, that's not fraud, that's a part of the
previous budget which had been approved. That's how the system
is supposed to work. And then President Trump can offer,
with the help of a Republican conference, offer their budget
(25:01):
and spend money however they want, provided that budget is approved.
And that has to do with people not understanding the
meanings of words.
Speaker 3 (25:10):
It's all about vibes man.
Speaker 2 (25:12):
You know, calling something fraud doesn't make it fraud. Calling
something waste doesn't make it waste. And if you don't
know how any of this works, then everything seems like
a fraud, seems like a scam, seems like a conspiracy
because you don't know how our country actually works.
Speaker 3 (25:27):
Well, everything you don't like is fraud. I thought you
knew that.
Speaker 2 (25:30):
I know, I know, and unfortunately I'm burdened by civics
and understanding how the process works. Doesn't mean that something
has been misappropriated or misapportioned, or misused or fraudulently spent.
It just means that it's it's going to be a
line item which is going to be cut if you
actually go through the correct process of amending a budget
(25:53):
or submitting a budget if you want to, you know,
if you don't want to spend ten thousand dollars for
housing for or illegal immigrants, Okay, you cut it from
the budget.
Speaker 3 (26:03):
It ain't that hard.
Speaker 2 (26:04):
But when you call it fraud, you're painting then a
picture that something's been stolen or something illegal happened, because
fraud is illegal, that you are doing something untoward. That's
not necessarily the case, but that's why we have Inspectors General.
Oh no, we don't. They're all fired. It's Later with
Mo Kelly KFI AM six forty. We're live everywhere on
(26:25):
the iHeartRadio app.
Speaker 1 (26:26):
You're listening to Later with Moe Kelly on demand from
KFI AM six forty.
Speaker 2 (26:33):
Tomorrow, you will be able to catch me if you
should get up early enough. I'll be on Spectrum News
with kelvin Washington at both six thirty and seven thirty.
Speaker 3 (26:42):
They're going to keep me for more than an hour.
Speaker 2 (26:43):
They're going to do two hits during that time, talking
about the speech to the Joint Session of Congress and
probably what I think about it tomorrow will be a
little bit different. Well, I should say we'll have more
information tomorrow as opposed to tonight. And what I mean
by that is, sometimes we get too caught up in
(27:05):
the speech, how it makes us feel, and overlook the
fact that there is going to be a reaction, which
is different from a rebuttal. Rebuttal is just what we
want to say. A reaction is how markets and countries
will respond because those speeches set a tone. And this
is something I wanted to end on tonight as part
(27:27):
of my final thought. Everything a president does, everything be
it by word or deed, does one of two things.
It either increases confidence or it increases concern. It's hard
to argue that anything a president does is inherently neutral.
(27:49):
It's not like a president can do something and not
have a ripple effect elsewhere. Granted, not everything a president
does is massively important, but I would argue, and I
am arguing tonight, that nothing a president does is wholly unimportant,
even the little things mad up matter. One of the
(28:09):
easiest ways to gauge confidence or concern just look at
the stock market. The president says something, or signs an
executive action, or makes a post on social media, and
what happens. The markets react, sometimes positively, sometimes negatively. Over
the past two days, the Dow has dropped more than
thirteen hundred points.
Speaker 3 (28:31):
That says the hell of a lot.
Speaker 2 (28:33):
What the market does tomorrow after tonight's joint session will
say plenty as well, and it won't be about whether
they thought they liked the speech, whether they thought that
the speech was funny or whether they were mad at
some of the insults to the speech, you won't have
anything to do with that. If it instilled confidence, the
markets will likely rebound from that thirteen hundred point drop
(28:55):
in the past two days. It'll likely rebound in a
big way. If it freaked doubt investors more than they're
already freaked out, the drop will continue. That's what I'm
looking for, and that has nothing to do with my analysis.
I'm looking at how markets, how countries will respond. Why
because everything a president does, be it by word or deed,
(29:18):
either increases confidence or increases concern. And this is an
extremely precarious moment for our nation. We are now in
trade wars with not one, but three different countries, and
two of them, in theory, are our allies or maybe
were maybe they used to be our allies. Our economy
(29:39):
was already fragile due to inflation. You heard President Trump
talk about that inflation is still a real thing.
Speaker 3 (29:45):
You know what else is real? Bird flu That's also real.
Speaker 2 (29:50):
That's affecting our groceries, That's affecting our supply chains and
other factors. And I made mention of it earlier, but
I want to reiterate. The sister of North Korea is
Kim john Un. I don't know what her title is,
but she's influential. She threatened the US given the arrival
of a US aircraft carrier in South Korea on Sunday,
(30:10):
that's going to impact the markets. There's the uncertainty of
the Israel Kaza ceasefire. There is the uncertainty of Ukraine
and Russia of the war, whether there'll be a mineral deal,
whether it'll be an actual ceasefire, whether they'll actually be peace,
what concessions are going to be made. And we've already
said that we're going to pause our aid to Ukraine,
(30:32):
which means probably ended all together. That is going to
send a message, and different countries are going to respond
in their own way, and our markets are going to respond.
And it doesn't really matter whether you like the speech.
It doesn't really matter whether you hated the speech, because
everything a president does, be it by word or deed,
either increases confidence or increases concern. And you don't have
(30:55):
to take my word for it. I know some of
your things, like MO, you don't know what the hell
you're talking about, and you know what I may not.
Speaker 3 (31:01):
That's why tomorrow, I'm going.
Speaker 2 (31:03):
To watch and see the response, because that says more
and carries far more weight than anything I have to say.
You don't have to take the word of anyone in
the spin room on cable news and they are spinning.
They are going to try to tell you everything they
want you to believe, not actually what you actually saw.
Speaker 3 (31:21):
The President did one of two things.
Speaker 2 (31:23):
Either helped allay the fears surrounding these issues that I
just told you about, or he made everything all the worse.
Speaker 3 (31:30):
And you'll see it.
Speaker 2 (31:31):
In the stock market, and stock markets usually react negatively
to uncertainty or negative economic news like terrorists. You'll see
it in our grocery store prices. You'll see it in
our future trade agreements. You'll see it in our gas prices.
To the speech tonight may or may not be memorable.
In fact, I can't remember half of it. The guy
(31:53):
spoke for like an hour and forty minutes. I remember
a line here or there, You may remember two lines,
but likely none of us will remember what was said
in the coming months. But this is what we will remember.
Tonight's joint speech was not an olive branch. It was
not a picture of a Unified America. It was basically
a campaign speech for a job he already had, relitigating
(32:16):
the last election, assessing blame for anything negative and claiming
credit for everything else, both real and imaginary. And there's
going to be a response to all of that, and
whether you like the speech, you may.
Speaker 3 (32:29):
Not like the response. So I'm just saying, slow down.
Speaker 2 (32:33):
The impact of the speech tonight, I would say, more
so than other speeches, will be felt. It will be
real and really remarkable. It starts tomorrow because the response
is not just here. Canada will have a response, Mexico
will have a response, Europe will have a response, Ukraine
will have a response, and then from that the markets
(32:55):
and the world will give us a better sense of
the impact of that speech. Because to me, that is
far more important than ratings, viewership, or dare I say,
owning the libs, or at least it used to be.
Speaker 3 (33:10):
For k IF I Am six forty, I'm mo Kelly,
we tried less stimulating talk.
Speaker 1 (33:16):
It ended poorly.
Speaker 4 (33:17):
K S I'm the KOST HD two Los Angeles, Orange
County
Speaker 3 (33:23):
Live everywhere on the radio,
You're listening to later with Moe Kelly on demand from
KFI AM six forty.
Speaker 2 (00:06):
President Trump offers his first well, actually it's not a
State of the Union speech, but it's a Joint Session
of Congress speech. We will be having the Democratic response,
which would be coming up and I think maybe five
to ten minutes. It'll be given by Michigan Democratic Junior
Senator Alissa Slotkin, And we don't know how long it's
going to be. But typically the rebuttal is given by
(00:29):
someone the party thinks is an up and cover or
could be just the future of the party, and they
offer this as a national stage for some of the
young talent in the party. That's irrespective of it being
a Democrat or Republican. But let me just give you
a few thoughts of what I thought about President Trump's
very long address. We're talking about an hour and forty
(00:51):
forty to forty five minutes somewhere in there.
Speaker 3 (00:54):
Yes, there were disruptions. I'll get to that.
Speaker 2 (00:57):
But remember how the US, or at least I would
laugh and you probably laughed at British Parliament or the
South Korean government. You know those scenes where they were
fighting at each other, they were kissing at each other,
jeering at each other. Remember that we laughed at their incivility,
their behavior said, oh my gosh, you know, America could
never be like that, We would never stoop so low.
(01:20):
Well we stooped that load tonight. We both definitely did.
I never saw anything like that. There was the speech itself,
which definitely was a pep rally, a campaign rally speech.
I wouldn't consider calling it like a joint Session of
Congress traditional speech. It wasn't meant to unify. I think
we can be fair and say that it wasn't meant
(01:40):
to unify. It was settling scores, and he was pointing
figure fingers and parsing blame throughout, and also celebrating what
he saw to be his successes. That's very unusual for
a joint session of Congress.
Speaker 3 (01:57):
But it's twenty twenty five.
Speaker 2 (01:59):
I think we're in a different space when it comes
to speeches, what we expect of a president, what we
accept from a president, and his behavior. But if you
did not catch the beginning of it, and this was
something that will be covered extensively on cable news, on
mainstream news, the broadcast news, you'll see it again and
(02:21):
again there was a moment near the beginning in which
Democratic Congressman Al Green from Houston stood up and he
was pointing his cane at the president and taking issue
with some of what the President was saying.
Speaker 3 (02:39):
And I couldn't hear audibly what he was saying.
Speaker 4 (02:41):
I think he was saying that Trump didn't have a
mandate to cut medical.
Speaker 3 (02:44):
That's right, That's what I just read.
Speaker 2 (02:45):
That's right, okay, And Trump was saying he was because
in the beginning, President Trump was talking about how he won,
how he won seven swing states, how he won the
popular vote, and at that point, somewhere in that time
we could see because they're moving back and forth, the
camera was moving back and forth between President Trump and
Congressman Olt Green, who stood up and pointed his cane
(03:08):
at the president and interrupted him.
Speaker 3 (03:10):
A number of times.
Speaker 2 (03:12):
We had Speaker of Mike Johnson used the gavel something
I had never seen before in the middle of a
joint session of Congress. Speech, first warning that there would
be ordering decorum in the upper Chamber, I mean in
the chamber, and then again he warned that if it
should continue on paraphrase him. He didn't use these exact words,
(03:32):
he was saying that if there was going to be
any interruptions that that person or persons would be removed
from the chamber. And then eventually Speaker Johnson called for
the Sergeant of Arms and it was out. It was
without incident, There was any wasn't anything beyond that. Sergeant
of Arms escorted Congressman Green out of the chamber, and
(03:53):
then for the rest of the speech it went on
pretty much without significant interruption.
Speaker 3 (04:01):
You did hear jeering as I was talking about.
Speaker 2 (04:04):
You did hear exclamations of lies or that's faults. What
you could see and if you could not see the
address tonight. The Democrats obviously were not there to give
the President any type of support. They did hold up
these fans if you will, like if you were in church,
these fans hand fans.
Speaker 3 (04:27):
They had messages on them.
Speaker 2 (04:28):
One of them said up Musk steals as in elon Musk,
and another sign said save Medicaid.
Speaker 3 (04:36):
Others said false.
Speaker 2 (04:37):
That was a part of the silent resistance or silent
form of the protests that they were offering on this evening.
I don't know whether it made any real difference in
the delivery of the speech by President Trump, but not
it seemed to me, and this is just me going
out there on my own, it seemed to me there
(04:59):
wasn't a unit or an agreement of understanding between Democrats
whether they would be quiet in their opposition or whether
they were going to make some sort of audible response
and be disruptive. Because this is just me looking at
the faces of the different members of Congress. It seemed
(05:19):
that some members of Democratic members of Congress were content
with not making any type of audible scene and just
holding up the signs, and there were others who wanted
to be heard by alleging that the President was lying,
or saying that's false, that's untrue, yelling at some points
to be audibly heard. I don't think it changed anything,
(05:41):
but it did though highlight how this particular address was
probably the most contentious one that I've ever seen for
a joint session of Congress. Yes, we know that Congresswoman
Marjorie Taylor Green and Congresswomen Lauren Boebert were very disrespectful
and disruptive to President Biden in previous i'll say State
(06:04):
of the Union addresses, but this was something different. There
was a there was a contentiousness from both President Trump
and some Democrats that I had never seen in all
my years of just following politics. But I will say
that this is probably who we are now and I
think who were going to be for the foreseeable future.
(06:24):
If you were expecting President Trump to offer an address
that was conciliatory in nature, or it was going to
be one of an open hand and possibly one offering
a hand of unity, it was not that, and it
was clear it was never going to be that, and
going forward it probably is not ever going to be that.
(06:45):
For those who think that this was a time for
the uh, for the country to possibly come together, let's
not have any illusions. President Trump was making it very clear,
at least in his mind, that he has the support
of the country. That country has chosen him, and so
everything that he chooses is going to be for the
good of the country, and he need not have to
(07:07):
work across the aisle on anything, at least in the
short term, at least until the midterms. Mathematically, that is
pretty much true. There will not be any real opposition
if only because the Republicans control the House, the Republicans
control the Senate, the Republicans obviously control the Oval Office,
and in terms of the courts. The Republicans most likely
(07:30):
have the most federal judges and obviously a six to
three justice advantage in a Supreme Court justice. Since so
the Democrats, there's really not much that they can do
right now. If you happen to be a Democrat or
support the Democrats, this is something that is beyond their
reach at this point. They can try to be the
(07:51):
loyal opposition, they can try to obstruct as best they can,
they can try to filibuster, but it's probably not going
to stop the Trump legislative agenda. And that's something that
President Trump took a lot of time. He almost went
executive action by executive action, explaining everything that he had
done in the first forty days or so of his administration.
(08:14):
And he prominently, prominently featured the culture wars, which again
said that he was not trying to bridge any type
of gaps between Republicans and Democrats.
Speaker 3 (08:29):
This culture war is going to continue.
Speaker 2 (08:32):
And President Trump was definitely speaking to MAGA, and I
don't expect the response to be he won fifth. As
long as President Trump who was speaking, I expected to
be about maybe fifteen minutes tops. I'd be surprised if
it's more than that. But again, it's usually the opposition
or the response from the opposition is usually someone who's
(08:54):
a considered to be a rising star within the party,
and they're offering the opportunity for that person to be
heard and seen on the national stage. You usually see
the young talent coming into prominence in nights just like these.
But let me get back to some of the things
that President Trump was talking about during his I don't
(09:15):
know the official amount, but it was an hour and
forty minutes thereabouts. I think he started speaking around six
twenty ish and he finished right around eight o'clock. But
President Trump offered a long list of doze cuts that
he listed as scams. And that's going to be highly
contested because he listed these organizations and these things that
(09:42):
Congress had already legally a portioned And that doesn't make
it a scam. That just means that's something that's not
going to be popular with Republicans or MAGA. That doesn't
make it somehow waste or fraud. But you'll hear more
about that tomorrow, and in my final thoughts, I'll give
you my thoughts about the generalities of a speech like
(10:02):
this and how do you know whether it landed or
whether it missed the mark. And it has nothing to
do with what I think about a speech. It has
nothing to do with you may like or even dislike
the president. There are other indicators that you and I
will be able to see tomorrow which will be clear
and arguable, and I will say representative of how most
(10:26):
industries and most indices receive the speech, and then you
get a good sense of where the country will be
headed for the next couple of weeks. Again, we're giving
some analysis for President Trump and his Joint Session of
Congress speech. It was his first major speech since he's
been re elected as president. In just a few moments,
(10:48):
we'll probably hear from the Democratic response to the opposition speech,
and that's going to be given by Michigan Democratic Junior
Senator Alyssa.
Speaker 3 (10:56):
Slotkin.
Speaker 2 (10:57):
And it's always weird to here rebuttal Most of it
is written.
Speaker 3 (11:02):
This is what I do know.
Speaker 2 (11:04):
Most of it is written in advance. There's like a boilerplate.
You know that the President is going to touch upon A,
B and C. You know the President was going to
touch upon tariffs. You know that he was going to
touch upon Ukraine. You know that he was going to
touch upon illegal immigration, for example, and you kind of
write your speech around those tent poles. Then you actually
(11:25):
listen to the speech, and then you try to fill
in the rest.
Speaker 1 (11:28):
You're listening to later with Moe Kelly on demand from
KFI AM six forty.
Speaker 2 (11:33):
Michigan Democratic Junior Senator Alissa Slotkin delivered the rebuttal to
the Joint Session of Congress speech by President Trump tonight.
And I don't know if you happen to be a Democrat,
or if you happen to be a supporter of the Democrats,
or maybe you're just not a supporter of President Trump.
(11:56):
I don't know how tonight went for you, but I
will give you this assessment of the Democratic response and
also the Democratic resistance to President Trump in that chamber tonight.
Speaker 3 (12:10):
I thought it was really lackluster.
Speaker 2 (12:11):
I mean, I saw members of Congress wearing pink outfits
as a form of protest. I saw the signs with
things written on them like musk steals or save Medicaid
or things of that nature. But I didn't see anything
that was tantamount to a uniform response, an effective response,
(12:32):
or a demonstrative action which would say that the Democrats
have a hold on this moment and understand how they're
going to move against the Republican Party and with it
President Trump, I just didn't see it.
Speaker 3 (12:46):
Now.
Speaker 2 (12:46):
Conversely, I'm not going to say that President Trump gave
a speech of all speeches. It's much of what we heard,
it was mostly a campaign speech. It didn't seem like
he was president more than he was running for president.
As he was relitigating past grievances and also talking about
the election. It seemed kind of strange to me that
you would start off a joint Session of Congress speech
(13:09):
talking about how you won the election or winning the
popular vote. That's just really unusual and not usually what
it's meant for a joint session of Congress. I would
always hope that if you are a president, that you're
going to comport yourself as president and not just be
campaigning to be the president of one party as opposed
(13:29):
to two. That is just my personal expectation for a
speech like this. Now, as far as how it's going
to land, you can turn on any cable news station
right now and they have different people offering analysis. They
have different political figures and elected officials giving their spin
(13:50):
on this message. And you know, what no one will
really remember it in two three weeks, with exception of
you two clips, no one will remember, no one will
really care. And what will happen, though, is you'll notice
tomorrow how people will react to their feelings surrounding the speech.
They'll react to what they think is either the right
(14:10):
or the wrong direction of this country. And you'll see
it in the markets, and you'll see it other places.
And I'll talk about this in my final thought, and
that to me says far more than anything that was
actually said in the speech, and something that was told
to me a long time ago, and I swear by
it even today. I can't tell you what Joe Biden
(14:33):
said in his State of the Union speech any of
the four years that he gave them. I can't tell
you anything substantively that was said in any State of
the Union or Joint Session of Congress speech by President Trump.
I have no memory of them, and I doubt you
do either. But you always remember how you may have
(14:53):
felt after they were done speaking. You may have felt
either more confident or less confident the commander in chief
for whatever reasons. And that's usually usually the barometer, the thermometer.
However you want to measure it as far as whether
the speech was successful, as far as reaching the American people,
(15:15):
Did you have some sort of emotional response, either positive
or negative. You're not going to remember the words of
the speech, and I doubt if I were to quiz
anyone you'd be able to tell me much of anything.
You might be able to come up with one line maybe, maybe,
but that's about it. It is more a function of
(15:36):
did you leave the speech feeling more confident or less
confident about the direction of this country. It's been said
more times than a thousand that we are more separated,
that we are more partisan, that we're more divided than
ever before.
Speaker 3 (15:53):
Tonight is not going to change that.
Speaker 2 (15:55):
In fact, I would say I think it's fair to
say that the speech by President Trump played on that
and also played to that to make sure that we
were more divided. If you like President Trump, you're going
to like what he had to say tonight.
Speaker 3 (16:09):
Just that simple. It would vintage Donald Trump. If anything.
Speaker 2 (16:13):
He was unrestrained and unconstrained, where he said absolutely everything
he wanted to say. And if you supported him, then
of course you're going to love that. And if you
weren't a supporter of him, then you're not going to
like anything he has to say. So we're going to
be just as bitterly divided tomorrow as we are today.
The question is how is the stock market going to respond?
(16:36):
How are our allies going to respond. We heard what
he had to say during the speech about tariffs, and
he said something about reciprocal tariffs which were going to
be set for April second. In other words, the any
tariff that we have to pay regarding another country's goods,
we're either going to meet that or implement a new tariff.
(17:01):
There's going to be a lot of economic uncertainty for
the foreseeable future. And how that's going to sit with
not only Americans, but our allies and our markets yet
to be seen. And although there are those who may
love the speech, it doesn't mean that there won't be
(17:23):
consequences for the speech.
Speaker 3 (17:25):
And if you hated the speech, it.
Speaker 2 (17:27):
Doesn't mean that somehow Donald Trump's legislative agenda is going
to be slowed down. There are a lot of factors
and a lot of variables as to what this country
is going to go through, and we're going to go
through some stuff for the next few years. Because Donald
Trump of anything he's been consistent as a disruptor and
also making people uncomfortable, and that plays out in a
(17:52):
lot of ways. It may not be good for your
four one k, it may not be good for unemployment.
It may be good for you. There are a lot
of people who voted You might have been seeing the news,
a lot of people who voted for Donald Trump who
are maybe having some second thoughts that they happen to
be some of the people who were laid off by Doze.
Those are some of the unintended consequences that we're all
(18:14):
going to have to experience. I happen to know that
the stock market dropped thirteen hundred points in the next
two days. If it gets it all back in the
next week, no harm, no foul. But if it starts
to turn into a trend, then we may see some
economic damage which will be not so easy to recover from.
(18:35):
So how we feel about this speech on this given evening,
it really doesn't matter whether you happen to have loved
the speech, you thought it was his greatest speech, or
you thought it was more of the same and you
can't stand the man. It really doesn't matter what happens tomorrow,
what happens with Canada, what happens with Ukraine. You might
(18:58):
have even seen what Kim John Owne's sister had to
say about America today. What happens with our allies as
well as our adversaries will say far more than anything
that was said in that chamber. Tonight, you're listening to
Later with Moe Kelly on demand from KFI AM six
forty This Later with Mo Kelly, We're alive everywhere in
(19:20):
the iHeartRadio app We're covering the Joint Session of Congress
remarks from both for excuse me, President Trump, and also
the Democratic response by the junior senator from Michigan, the
name Elissa Slotkin. And I'm actually surprised how long President
(19:42):
Trump spoke. He got to the podium, I want to
say fifteen minutes late. He started about twenty minutes after six,
and he finished up close to eight pm.
Speaker 3 (19:52):
There was some disturbances at the beginning.
Speaker 2 (19:54):
There were long applause breaks, there were some booing, some hissing,
which obviously lengthened the totality of the address itself. You know,
if you take out all the applause lines, you probably
wouldn't have done it in twenty twenty five minutes, but
these things usually run long. Then we had the response
from Alyssa slock Kid. Overall, and I'll talk about this
(20:18):
next segment. It's not going down. This is best in history.
That is President Trump's I don't know how consequential it
will be. Tomorrow will know because we'll see the response
from adversaries and allies alike, will see the response from
the stock market. I don't think the Democrats were particularly
(20:38):
effective at providing any type of real resistance, not that
they could do much. I thought it would least have
been a little bit more coordinated. You had the Democrats
and the at least the female congress members in Pink Okay.
You had the handheld signs that were they were like,
it's almost like half of the Democrats said, hey, we're
(20:58):
going to be quiet and side protests.
Speaker 3 (21:00):
We're going to hold up these.
Speaker 2 (21:01):
Signs saying musk steals or save Medicaid. Others said faults.
And there were some Democrats that said, no, we're going
to set this motherfather off. And you had Democratic congressmen
from Texas Al Green standing up and pointing his cane
at President Trump, disrupting the proceedings. You had Mike Johnson
(21:23):
get on the gavel twice, threatening to have al Green
removed from the chamber if he kept on. He kept on,
he was escorted out by the sergeant in arms. I
would say that was the quote unquote highlight of the evening.
That's the piece that you could have replayed from here
until I don't know, the next four weeks, probably, but
(21:46):
I don't think the Democrats were effectively. They weren't effective
in their resistance. I don't know really where the Minority
House leader Jakim Jeffries was. Yeah, I saw him, but
I'm saying I don't know where he was in the
coordination of all this. It didn't seem like it landed
particularly effectively. But maybe I'm wrong. As far as President Trump,
(22:07):
he went through everything. He had scores to settle, he
had insults to make, he had barbs to throw at
former President Biden. He had all things to say about
the time that he was. He avoided the assassination attempt.
He was relitigating twenty twenty all over again. He was
relitigating twenty twenty four. He laid out all of his
(22:29):
executive actions from number one to number eighty one. I
don't know how many that he's done, and he's talked
about his vision for the next four years.
Speaker 3 (22:39):
It was not a come together moment. Be clear. He
was not trying.
Speaker 2 (22:44):
To unify or bring the country together. And I think
that's fair to say he was up there saying, I'm
the man, this is my administration, this is what I
plan to do, this is what I've done. Either get
on board or get out of the way. Right now,
he can say that because legislatively there is nobody to
(23:05):
stop him. There is nothing to stop him legally, legislatively,
I don't know, socially the ineptitude of the Democrats. There's
nothing to stop and so he's going to basically do
whatever he wants, and he's going to try to find
that line as far as how far he can go.
At least in the next six seven months. The only
(23:25):
time that any of this is going to change is
when you may see some lawsuits from people who were
fired because of Doze and the firing of federal employees
without cause. You may see some lawsuits which may push
back against the Trump administration, but you're not going to
see anything substantively until the midterms.
Speaker 4 (23:46):
Can I just say I'm seeing a bunch of fact
checks now starting to come out on all the major
news sites, and without getting too far into the weeds,
I will say they're extensive.
Speaker 2 (23:56):
Well, you have to know that we live in a
time now where facts do not matter. When I say
that is, people are not going to be swayed by facts.
People are not impressed by facts. People by and large
do not care about facts. It's more about how we feel.
And the address tonight was about making people feel a
certain way. If you're a supporter of President Trump, you
(24:18):
felt great. If you didn't support President Trump, you did
not like the speech.
Speaker 3 (24:24):
Facts had nothing to do with any of that.
Speaker 2 (24:27):
I could fact check them in and say all the
things which were categorically untrue and verifiably and provably untrue
doesn't really matter, doesn't matter.
Speaker 3 (24:37):
And when he was listing all the.
Speaker 2 (24:40):
Supposed fraud that he found without evidence, I mean I
could easily say that was all congressionally a portion. That's
not waste, that's not fraud, that's a part of the
previous budget which had been approved. That's how the system
is supposed to work. And then President Trump can offer,
with the help of a Republican conference, offer their budget
(25:01):
and spend money however they want, provided that budget is approved.
And that has to do with people not understanding the
meanings of words.
Speaker 3 (25:10):
It's all about vibes man.
Speaker 2 (25:12):
You know, calling something fraud doesn't make it fraud. Calling
something waste doesn't make it waste. And if you don't
know how any of this works, then everything seems like
a fraud, seems like a scam, seems like a conspiracy
because you don't know how our country actually works.
Speaker 3 (25:27):
Well, everything you don't like is fraud. I thought you
knew that.
Speaker 2 (25:30):
I know, I know, and unfortunately I'm burdened by civics
and understanding how the process works. Doesn't mean that something
has been misappropriated or misapportioned, or misused or fraudulently spent.
It just means that it's it's going to be a
line item which is going to be cut if you
actually go through the correct process of amending a budget
(25:53):
or submitting a budget if you want to, you know,
if you don't want to spend ten thousand dollars for
housing for or illegal immigrants, Okay, you cut it from
the budget.
Speaker 3 (26:03):
It ain't that hard.
Speaker 2 (26:04):
But when you call it fraud, you're painting then a
picture that something's been stolen or something illegal happened, because
fraud is illegal, that you are doing something untoward. That's
not necessarily the case, but that's why we have Inspectors General.
Oh no, we don't. They're all fired. It's Later with
Mo Kelly KFI AM six forty. We're live everywhere on
(26:25):
the iHeartRadio app.
Speaker 1 (26:26):
You're listening to Later with Moe Kelly on demand from
KFI AM six forty.
Speaker 2 (26:33):
Tomorrow, you will be able to catch me if you
should get up early enough. I'll be on Spectrum News
with kelvin Washington at both six thirty and seven thirty.
Speaker 3 (26:42):
They're going to keep me for more than an hour.
Speaker 2 (26:43):
They're going to do two hits during that time, talking
about the speech to the Joint Session of Congress and
probably what I think about it tomorrow will be a
little bit different. Well, I should say we'll have more
information tomorrow as opposed to tonight. And what I mean
by that is, sometimes we get too caught up in
(27:05):
the speech, how it makes us feel, and overlook the
fact that there is going to be a reaction, which
is different from a rebuttal. Rebuttal is just what we
want to say. A reaction is how markets and countries
will respond because those speeches set a tone. And this
is something I wanted to end on tonight as part
(27:27):
of my final thought. Everything a president does, everything be
it by word or deed, does one of two things.
It either increases confidence or it increases concern. It's hard
to argue that anything a president does is inherently neutral.
(27:49):
It's not like a president can do something and not
have a ripple effect elsewhere. Granted, not everything a president
does is massively important, but I would argue, and I
am arguing tonight, that nothing a president does is wholly unimportant,
even the little things mad up matter. One of the
(28:09):
easiest ways to gauge confidence or concern just look at
the stock market. The president says something, or signs an
executive action, or makes a post on social media, and
what happens. The markets react, sometimes positively, sometimes negatively. Over
the past two days, the Dow has dropped more than
thirteen hundred points.
Speaker 3 (28:31):
That says the hell of a lot.
Speaker 2 (28:33):
What the market does tomorrow after tonight's joint session will
say plenty as well, and it won't be about whether
they thought they liked the speech, whether they thought that
the speech was funny or whether they were mad at
some of the insults to the speech, you won't have
anything to do with that. If it instilled confidence, the
markets will likely rebound from that thirteen hundred point drop
(28:55):
in the past two days. It'll likely rebound in a
big way. If it freaked doubt investors more than they're
already freaked out, the drop will continue. That's what I'm
looking for, and that has nothing to do with my analysis.
I'm looking at how markets, how countries will respond. Why
because everything a president does, be it by word or deed,
(29:18):
either increases confidence or increases concern. And this is an
extremely precarious moment for our nation. We are now in
trade wars with not one, but three different countries, and
two of them, in theory, are our allies or maybe
were maybe they used to be our allies. Our economy
(29:39):
was already fragile due to inflation. You heard President Trump
talk about that inflation is still a real thing.
Speaker 3 (29:45):
You know what else is real? Bird flu That's also real.
Speaker 2 (29:50):
That's affecting our groceries, That's affecting our supply chains and
other factors. And I made mention of it earlier, but
I want to reiterate. The sister of North Korea is
Kim john Un. I don't know what her title is,
but she's influential. She threatened the US given the arrival
of a US aircraft carrier in South Korea on Sunday,
(30:10):
that's going to impact the markets. There's the uncertainty of
the Israel Kaza ceasefire. There is the uncertainty of Ukraine
and Russia of the war, whether there'll be a mineral deal,
whether it'll be an actual ceasefire, whether they'll actually be peace,
what concessions are going to be made. And we've already
said that we're going to pause our aid to Ukraine,
(30:32):
which means probably ended all together. That is going to
send a message, and different countries are going to respond
in their own way, and our markets are going to respond.
And it doesn't really matter whether you like the speech.
It doesn't really matter whether you hated the speech, because
everything a president does, be it by word or deed,
either increases confidence or increases concern. And you don't have
(30:55):
to take my word for it. I know some of
your things, like MO, you don't know what the hell
you're talking about, and you know what I may not.
Speaker 3 (31:01):
That's why tomorrow, I'm going.
Speaker 2 (31:03):
To watch and see the response, because that says more
and carries far more weight than anything I have to say.
You don't have to take the word of anyone in
the spin room on cable news and they are spinning.
They are going to try to tell you everything they
want you to believe, not actually what you actually saw.
Speaker 3 (31:21):
The President did one of two things.
Speaker 2 (31:23):
Either helped allay the fears surrounding these issues that I
just told you about, or he made everything all the worse.
Speaker 3 (31:30):
And you'll see it.
Speaker 2 (31:31):
In the stock market, and stock markets usually react negatively
to uncertainty or negative economic news like terrorists. You'll see
it in our grocery store prices. You'll see it in
our future trade agreements. You'll see it in our gas prices.
To the speech tonight may or may not be memorable.
In fact, I can't remember half of it. The guy
(31:53):
spoke for like an hour and forty minutes. I remember
a line here or there, You may remember two lines,
but likely none of us will remember what was said
in the coming months. But this is what we will remember.
Tonight's joint speech was not an olive branch. It was
not a picture of a Unified America. It was basically
a campaign speech for a job he already had, relitigating
(32:16):
the last election, assessing blame for anything negative and claiming
credit for everything else, both real and imaginary. And there's
going to be a response to all of that, and
whether you like the speech, you may.
Speaker 3 (32:29):
Not like the response. So I'm just saying, slow down.
Speaker 2 (32:33):
The impact of the speech tonight, I would say, more
so than other speeches, will be felt. It will be
real and really remarkable. It starts tomorrow because the response
is not just here. Canada will have a response, Mexico
will have a response, Europe will have a response, Ukraine
will have a response, and then from that the markets
(32:55):
and the world will give us a better sense of
the impact of that speech. Because to me, that is
far more important than ratings, viewership, or dare I say,
owning the libs, or at least it used to be.
Speaker 3 (33:10):
For k IF I Am six forty, I'm mo Kelly,
we tried less stimulating talk.
Speaker 1 (33:16):
It ended poorly.
Speaker 4 (33:17):
K S I'm the KOST HD two Los Angeles, Orange
County
Speaker 3 (33:23):
Live everywhere on the radio,
Later, with Mo'Kelly News
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