Jon Stewart: Donald Trump's Latest Nickname Proves He's Finished
In his Monday monologue, Stewart showed viewers Trump's recent Truth Social post telling Americans, 'Don't be a PANICAN (A new party based on Weak and Stupid people!).'
'Panican?' Stewart replied. 'The genius who gave us classics like 'Sleepy Joe' and 'Crooked Hillary' just s--t out 'you're a Panican'?"
Stewart offered Trump some suggestions: 'How about Hysterocrats? Repussicans? How about Cryontologists?'
Stewart jokingly asked Trump, 'Did the overseas factory you had been sourcing your nicknames from get shut down during the tariff war?'
Stewart ripped into Trump's other responses to the panic over the stock market, like his Truth Social post on Friday declaring, 'ONLY THE WEAK WILL FAIL.'
'Your economic policy has the same tagline as season three of Squid Game?" Stewart joked. 'It's supposed to make us feel better?'
For Stewart, Trump's most tone-deaf response to the financial crisis happened offline:
'In case you didn't get the point that he doesn't give a f--k, he spent the weekend showing, not telling,' Stewart said. '[Trump] played not a round of golf this weekend, [but] a tournament of golf. A three-day tournament.'
Stewart also ripped into one of Trump's core arguments behind his new tariff policy, the idea that America has been taken advantage of by its long-time trade partners.
'We continue to blame everybody else in the world that we designed and policed after World War II," Stewart said. 'We're the richest country in the world ever. We're not the world's victims. If we have inequalities in this country, that's on us.'
Stewart concluded by showing a montage of journalists underlining the scale of the current crisis, before saying directly to Trump: 'Financial destruction not seen since the pandemic, and this time there's no controversy over how it all started... You, Trump, released the contagion.'
'It's your lab leak,' Stewart said. 'And it's right out in the open.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
a minute ago
- Wall Street Journal
Americans' 401(k)s Are More Tied to Stocks Than Ever
Americans' nest eggs are increasingly tied to the fate of the stock market. Workers across nearly all age groups are investing record portions of their 401(k) accounts in equities. After years of relentless market gains, they are either allocating more to stocks or having it done for them by money managers.
Bloomberg
a minute ago
- Bloomberg
The Government Is Right to Limit Your Investment Choices
America is a free country. People are allowed to take all sorts of ill-considered risks: They can day-trade put-options, bet on sports from their phones, even go BASE-jumping. But unless they are wealthy, they can't invest in private assets. That may be about to change. Last week President Donald Trump issued an executive order to allow people to invest their 401(k) in private assets, and meanwhile the US House is considering a bill that would allow more people to buy unregulated securities. The goal is clear — to sweep away rules that restrict Americans' ability to invest in private equity and private credit.
Business Insider
a minute ago
- Business Insider
There's a good chance you're making a simple mistake when it comes to money, Vanguard says. How to make sure you're not missing out on any gains.
There's a good chance "your money could be making a lot more money," says Kate Byrne, Vanguard's head of Cash Plus distribution. With short-term interest rates still relatively high, it's a great time to earn essentially risk-free, inflation-beating returns on your cash. But a majority of Americans are missing out on these easy gains, Byrne told Business Insider. According to a Vanguard survey of 1,011 respondents published in March, at least 57% of Americans are earning less than 3% a year on their cash savings. Eight percent said they have their savings in physical cash, meaning they're yielding nothing; 16% are earning less than 1%; and 33% are earning 1%-3%. This suggests that even if savers are aware enough to move their money to an account or product with a higher interest rate than the standard checking or savings account — the annual yield on which is under 0.5% — they're still not capitalizing on the highest-yielding products on the market. "If it's below 3% you should be looking," Byrne said. "You should be finding a vehicle that has a better rate than that, and also has the features you need, whether that's FDIC insurance or the ability to move money seamlessly." High-yield savings accounts, certificates of deposit, and money market rates can vary by institution, length of deposit, and the amount deposited. Money-market funds, which hold cash equivalents like ultra low-risk short-term Treasurys, are more liquid than other products CDs, for instance, often force investors to pay a penalty if they pull their money out before the maturity date. Here are examples of some money market accounts — which you can invest in through a brokerage account with a firm like Charles Schwab or Fidelity — yielding above 4% as of August 1, according to Bankrate: The Vanguard survey data showed that 60% Americans feel they don't fully understand the interest-rate landscape and how it affects their savings. "Not only are they sort of not even clear on what APY is and how it affects their savings, but, likely because they're not clear on it, they're earning less than they could be in a more high-yielding product," Byrne said, referencing the common acronym for annual percentage yield. Young savers are less likely to understand interest rates and more likely to be missing out on returns, the data also shows. Sixty-seven percent of Gen Z savers are earnings less than 3%. Among millennials, that number is 59%. Byrne said that savers often miss out on these returns because switching banks or moving money to different accounts isn't top of mind. "You would be shocked at the number of people who are still in the bank account they opened up when they were in college or even high school, because they needed somewhere to put that first paycheck," Byrne said. "And then inertia kicks in and you've got bills connected to it, and life just moves really fast and many things seem more important." It's unclear how long cash-equivalent investments will continue to deliver strong returns. Short-term interest rates, which track closely with the fed funds rate, are expected to come down in September and later this year. Markets are placing a 99% chance that the Federal Reserve will slash rates by 0.25% next month. Still, with the fed funds rate between 4.25% and 4.5%, returns should remain above the inflation rate, which was 2.7% year-over-year in July.
