Can Trump SELL the economy to voters?

[00:00:00] Speaker 1: With 12 days to go, President Trump is back on the campaign trail in Iowa today as the midterms loom. He's expected to sell voters on the economy as Fox News polls show a tight Ohio and Texas Senate races shaped by the cost of living. [00:00:15] Speaker 2: The stock market has set 88 all-time record highs since the election less than two years ago. And your 401ks are exactly double, actually a little more than that now, what they were just a short time ago. So you got to like me when you look at those. Who has a 401k? It's a lot. Your 401ks are more than double. Can you believe it? This is an amazing period of time. [00:00:43] Speaker 1: The race in Texas between James Tallarico and Ken Paxton is headed towards a photo finish as the margin for error is extremely thin. Jonathan, if you were advising in Texas, what would you be telling James Paxton right now? [00:00:59] Speaker 3: Paxton, I would be advising President Trump, actually. I mean, he's put himself front and center on this in terms of the midterms. I think you have to be a little bit sensitive. The old saying is, don't pee on my head and tell me it's raining. I mean, everyday Americans are feeling with this cost of living issue, it's up about 22% over the last five years. So I would be talking about lower spending, lower regulation, enabling and emboldening the entrepreneur. I think kind of countering this idea that, oh, no, the economy is really great. You're not just experiencing it. I don't think that's great messaging just a few weeks ahead of the midterms. [00:01:31] Speaker 1: But the market is pretty good. And I know you snickered when you heard some of the things where he said. [00:01:35] Speaker 3: Well, the market is up, but it's not doubled over the last year as the president has. For 401ks. Yes, for the 401ks. But look, you've got to be emphasizing the freedom of this economy, the freedom of the entrepreneur, not emphasizing the spending of this administration, in my opinion. [00:01:49] Speaker 4: I like that messaging. But, you know, we have two weeks roughly until the election, and that's a very important election. So, yes, getting people to feel better about where they are, I think, is important. I would talk about jobs. You know, so we have the jobs market is still very strong. So the fact that you have a job, that you're earning money, yes, everyone would like to earn more. But you have a job, you're earning money, and you have opportunity. I think that's the message that needs to go out there, is that the economy, you will feel a lot better. But right now, you have a job, you're getting earnings, and Iran, war will come to an end. Gas prices will come down, not hopefully come to an end, not hopefully they come down. Those two things will happen. And when they do, you're going to pay a lot less at the pump. [00:02:35] Speaker 1: When? [00:02:36] Speaker 4: If it were up to me, sometime before the end of this year, it's not going to be in the next 12 days. But whatever the decisive action that has to be taken, it's a tough spot. You know, I'm glad I'm not the one making that call. But it's not an easy decision to make. Do you go in and wipe them out? I don't know if that's what's necessary. He's tried very hard to make a deal. It just, it takes two to 10. [00:03:00] Speaker 1: Because I think what the American voter is saying is like, when and how. Just tell me the when and how. He's been promising for many, many weeks now. [00:03:06] Speaker 5: Yeah. Yeah. Can I just take issue with the hold on a little longer? Sure. Because I myself have tried to make this argument to people. And you guys know how I feel on the Iran issue. Not just on the nuclear side of it, but also on the side that I would like to see different leadership at some point in that country and have the people have an opportunity to take their country back. Having said that, the hold on cell is really hard for people who are struggling. And I'm shocked when I see some of these polls, which typically don't favor Republicans, but that some of these races are so close. And I think that it tells you people are really thinking about their vote and they're voting with contention and an issue like higher gas prices or affordability or the economy could could sway them in a different direction because they don't like what they have. I would have liked to see President Trump finish this, win it before the midterms so that we don't have this hold on a little while longer because that is just, that's a tough message to sell. [00:04:01] Speaker 4: Yeah, for sure. And I think he would have liked to have done that also. But when you talk about prices at the pump, you know, people, California, the biggest state in the country, they have these taxes on their gas where they're paying more at the pump. So people aren't complaining about that when New York's prices were $4 and California was paying over five. So things are cost money and we'd prefer everything to cost less. But with this AI boom that we're having right now, there's also deflationary pressures out there. There are certain things like the cost of doing a lot of things, AI has reduced quite a bit. So I think the biggest problem is the messaging that's out there. Everyone's being told how bad they have it and how tough things are. And I'm not saying people don't. But if we could point to one time when no one had it tough, where everyone had things so easy, buy a house whenever you want, like food is coming at you free, it costs money. But for me, the opportunity in this country for people right now is as good or better than it's ever been. So that's what I'd feel like. [00:05:01] Speaker 6: Mike, I think you put your finger on something earlier that applies to this here in gas prices. It's the rate of change. It's how quickly it's gone up. It's impossible not to see that when a couple weeks ago you were paying, you know, 20% less, and then it keeps going up from there. To your question earlier about when are they going to come down, three to six weeks. Well, three to six weeks from what? That's the definitive end to the war in Iran. That's what time it's going to take to adjust. But here's my thing. Maybe this is oversimplification. I always say everyone votes on a single issue, right? And right now it's gas prices. It's the economy, right? Like, it's the economic pain that you feel, which is why your message before I thought was really important of just be humble, acknowledge. It's not great right now. You're paying a lot more at the gas pipe. But, boom, to Mike's point, we have never had a bigger, more innovative time to be an entrepreneur. Right. [00:05:46] Speaker 3: And emphasize, to the president's point, this is an economy that built SpaceX, not the USPS, the United States Post Office. The president emphasizing the creativity of the American entrepreneur. That's a winning message. [00:05:59] Speaker 1: Except for when in the DSA candidates say, yep, it's that billionaire, take money from him. Sure. It's one guy making too much money. [00:06:06] Speaker 5: I would just add on the gas prices, that energy policy by this administration brought the gas prices down, and people got a taste of that because that is what they voted for, and they were excited about it. So to throw the Iran war wrench into it, I think, has just made it even a little bit more difficult. You have a taste of something, and then it's taken away. And what I worry about, though, on the Republican side is Republicans, there were, you know, a group that were against the war and weren't on the same page as President Trump, and even some different opinions on that within the White House. But I think you have more Republicans now breaking away because of the impact that it seems to be having. [00:06:38] Speaker 1: Lou, we know that messaging, and Murph mentioned this a minute ago, messaging is really key. And so I have two questions for you. One, if you're running against Al-Sayed in Michigan, what's your messaging? And two, how are you telling people, if you're advising them today, to play the next 12 days, 12 to 14 days, and how they're thinking about investing and trading? [00:06:56] Speaker 6: So Al-Sayed, I would just go very simply, show me the model of your socialism that works. Just point it out. Where is it? Because I can point out 9,342 examples. He's going to tell you it's a dumb question. No, and I'm going to say it's not a dumb question. Just show me the proof, right? I'm going to trust but verify in the Reagan-esque sense. And then everyone else, for 12 days, I think humility, sincerity goes a long way. Everyone thinks that politicians are too polished, that they just say a thing to get the vote. Just be honest. Like, I filled up today. I know the price of the pump sucks. It's terrible. Childhood costs, health care costs are going up. All these costs are going up around you. They're going to go even higher. We're working on bringing them lower as long as you vote the right way. Just be honest. Don't act like you're perfect. Act like you believe in progress and that your platform has the potential to bring about that progress. [00:07:43] Speaker 1: What's the one trade that you would make over the next 12 days? [00:07:46] Speaker 6: I don't make any trades on a 12-day short time. For those that do, if you were giving them advice. Stay long in the market. I think if you have money to put to work, you're looking at these dips and sell-offs for companies that you love at lower prices, right? A great investment is a great business at a great price that you hold for a good time. [00:08:01] Speaker 3: Speaking of sell-offs, let's take a look. streaming now on Fox 1.