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*This transcript was generated by a third-party transcription software company, so please excuse any typos.
It truly is amazing how quickly things can change here in the United States. You know, in the days following the election, after it was obvious that Trump won, which we knew on Wednesday morning, that Wednesday, November 6th, stock market opened up to huge gains, gains that actually made people like Elon Musk, tens of billions of dollars in one day, and then for the rest of the week, stock market kept doing really, really good, right? It was rallying. Things were great. Boy, the stock market was super happy that Republicans were taking over the White House and every branch of government. And then reality set in, once everybody on Wall Street kind of realized what this really meant for the country, you know, higher prices, tariffs, having somebody that doesn't understand how to fight inflation in charge of monetary policy, which of course is only gonna drive inflation even further.
Suddenly Wall Street started to contract investment bankers. Wall Street CEOs started to realize that Donald Trump is in fact going to destroy the economy. And then things got even worse when he started making his cabinet announcements. Late last week, on Friday after Donald Trump had announced several people that were gonna be in his cabinet, including Robert F. Kennedy, Jr. As the, uh, leader of Health and Human Services, the stock market freaked out and started tanking. Now, with regard to Robert F. Kennedy, Jr. In charge of Health and Human Services, obviously these stocks that tanked there were the pharmaceutical stocks, you know, Pfizer, Moderna, Novavax, people that make vaccines that keep us healthy and safe. Uh, they're terrified that that part of their industry may go completely under with Robert F. Kennedy Jr. At the Helm. Now, I am not a fan of pharmaceutical companies by any stretch of the imagination. And if Robert F. Kennedy was just coming into office and saying, Hey, listen, what I'm gonna do is I'm gonna lower the prices so people can afford prescription drugs.
I'd be on board for that. I want that. If he was talking like Bernie Sanders or a progressive, the progressive that he used to be, when he used to talk about these issues, I would be okay. But that's not what he's talking about. He is talking about preventing these people from making medications that yeah, they profit off of hugely, but they do keep people alive. We do need these things, so that's not okay. But it's not just Robert F. Kennedy, Jr. Other appointees from Donald Trump have sent other areas of the stock market tumbling, but not the defense industry. No, the defense industry is living it up because they know that Donald Trump is not actually the peace candidate.
He is the let's sell weapons to all of our enemies candidate. And now he's the let's sell weapons to all of our enemies, president elect. So even with Tulsi Gabbard, even with Matt Gaetz as Attorney General, even with all of these other horrible people, the defense industry is saying, Hey, we're about to make a lot of money selling a lot of weapons to a lot of people that shouldn't have them, because Trump loves them. And so now we've expanded new markets. Fossil fuel industry is gonna be doing great with Chris Wright at the helm of the Department of Energy. But the rest of the stock market, anything related to, you know, food, anything related to consumer products, those also tanked last week because they're looking even further ahead than just these cabinet appointments. They're looking at what's gonna happen with the tariffs. And these business leaders have been very open and honest with Americans for once in their lives telling us that, Hey, you will be paying those prices if we have to pay tariffs.
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