Latest news with #Panican
Yahoo
10-04-2025
- Business
- Yahoo
Jimmy Kimmel Jokes the Tariff Mess Means Trump Suggestions Like Injecting Bleach ‘Were the Good Ideas'
Jimmy Kimmel was bummed out by the Dodgers visiting Donald Trump on Monday, but for him there was a silver lining to it — it 'was a nice distraction for Trump from the fact that he is busy destroying the world economy,' Kimmel said during his monologue on Monday night. 'It was another 'tarrifying' day on Wall Street. The Dow was down, the S&P was down. Cocaine was up,' Kimmel continued. 'The S&P 500 has lost more than 10% of its total value since Thursday, costing Americans billions of dollars from their stock portfolios and retirement funds.' 'But here's the thing about Donald Trump, he doesn't care about money. He knows that there are more important things in life – like love,' Kimmel said as he gave a sarcastic look at the camera. 'He's definitely flipping out, he's — you know his once-loyal gaggle of gazillionaires is turning on him because they're losing so much money. So today he wrote, 'The United States has a chance to do something that should have been done DECADES AGO. Don't be Weak! Don't be Stupid!,'' Kimmel quoted. 'That's right. Be strong and stupid! Kimmel the referenced Trump's weird 'Panican' name, which Trump said was 'a new party based on Weak and Stupid people!' Kimmel gave it a poor grade. 'A 'Panican'? Hey look, I'm not an expert when it comes to the economy. But I am an expert when it comes to nicknames. And Panican is not going to catch on. Okay?' Kimmel said. 'But hang in there everyone. There's no cause for alarm. Be strong. The guy who went bankrupt six times is gonna steer us through this disaster he created for no reason at all,' Kimmel went on, before referring to Trump as 'Panican Skywalker,' who 'has wiped out $11 trillion since inauguration day. Gone. Just into thin air. But at least we won't have tampons in the boys' bathrooms.' 'Remember when he told us to inject bleach to get rid of Covid? Turns out, those were the good ideas,' Kimmel added. You can watch the full monologue below: The post Jimmy Kimmel Jokes the Tariff Mess Means Trump Suggestions Like Injecting Bleach 'Were the Good Ideas' | Video appeared first on TheWrap.
Yahoo
08-04-2025
- Business
- Yahoo
What is a Panican? Donald Trump's newest insult explained amid tariff backlash
While on the campaign trail, Donald Trump repeatedly touted the 'most beautiful word in the dictionary': tariff. Now, as president, he has conjured up a brand new expression for those voicing dissent against his sweeping levies targeting every country – bar Russia – which he imposed last week. As trillions of dollars are wiped from Wall Street and markets around the globe reel from his tariff onslaught, the president took to Truth Social not to reassure anxious Americans, but to call those with woes a 'Panican.' 'Don't be Weak! Don't be Stupid! Don't be a PANICAN,' he wrote Monday. Adding to his growing list of unique phrases and bizarre nicknames, what exactly is a Panican? Trump says a Panican is a 'new party' for the 'weak and stupid' - those who have lost life savings and sweating big tech companies that have seen millions wiped off their market value. The 'panic' part is self-evident - anyone worried about the economic impact of his sweeping tariffs. The 'can' at the end could either refer to Americans generally or more pointedly, Republicans who dare to question Trump's wisdom. His newly-minted phrase was unleashed on social media as he faces widespread backlash after imposing 10 percent universal tariffs with around 60 countries deemed the 'worst offenders' facing even higher levies. Stock markets have continued to slide with Thursday – the day after Trump's announcement – marking Wall Street's single largest decline since the Covid-19 pandemic in 2020 with about $3.1 trillion wiped from the market. The S&P 500, which has fallen about 10 percent since Trump's 'Liberation Day,' was down another 0.2 percent Monday, and the Dow Jones Industrial Average fell by 0.9 percent. The Nasdaq, however, rallied by 0.1 percent. But instead of taking a softly-softly approach with Americans fearing for their finances, the president went on the offensive. In a defiant post, Trump told the quivering Panicans they had no place in his Republican party if they couldn't accept his tariff gamble. 'The United States has a chance to do something that should have been done DECADES AGO,' he said after spending a weekend on the golf course as markets tanked. 'Don't be Weak! Don't be Stupid! Don't be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!' Jon Stewart used this week's installment of The Daily Show to mock Donald Trump's new nickname for those concerned about his trade tariffs which are causing economic chaos around the world. 'The genius who gave us classics like Sleepy Joe and Crooked Hillary, just s*** out, 'You're a Panican'? How about Hysterocrats? Repussicans? How about Cryontologists? Did the overseas factory you had been sourcing your nicknames from get shut down during the tariff war?' quipped Stewart. Just days before adding Panican to his parlance, Trump posted to Truth Social Friday 'ONLY THE WEAK WILL FAIL!' which Stewart said was the 'same tagline as season 3 of Squid Game.' Social media users also poked fun at Trump's new phrase. 'He's panicking,' one X user tweeted alongside a screenshot of Trump's Panican post. Jack Kimble, a fictitious 'Republican congressman' posted on X: 'Oh phew. When I heard Trump created a new word PANICAN, I thought that meant we were invading Panama and Canada today.' 'Panican (n) - cross between a penguin and a pangolin, capable of causing unspeakable havoc to [the] global market,' wrote political scientist Ian Bremmer. Others called Trump himself 'Panican-in-chief' dredging up old tweets where he railed against stock market collapses under former President Joe Biden. The president's latest threats come as stock markets tumbled for the third consecutive trading day. The massive sell-off had a brief respite around 10:30 a.m. ET on Monday after CNBC and social media influencers falsely reported that National Economic Council Director Kevin Hassett said Trump was considering a 90-day pause on tariffs for all countries other than China. White House Press Secretary Karoline Leavitt immediately shot down the reports as 'fake news' and the markets continued to plummet following her denial of any consideration of a pause on the import taxes, which Trump frequently and falsely claims will be paid by foreign governments rather than by importers who pass them along to consumers in the form of higher prices. Trump also confirmed to reporters he's 'not looking at' pausing the sweeping tariffs. So, should Americans be panicking? The chief investment strategist at CFRA Research, Sam Stovall, told AARP that data shows in every market pullback since World War II, the market regained lost ground between a month and a half and four months during corrections. The advice remains roughly the same for workers nearing retirement age. Experts suggest that people move to more conservative investments to shield their savings from market volatility and avoid any knee-jerk reactions. Republican Texas Representative Pete Sessions told the BBC that tariffs are not in the best interests of Americans or the free world to pay that extra money. GOP Texas Senator Ted Cruz warned the tariffs could be a 'terrible outcome' for the party's political prospects if they remain. Billionaire Bill Ackman, who backed Trump's 2024 presidential campaign, warned of an 'economic nuclear winter' as business investments 'grind to a halt.' Ken Langone, the co-founder of Home Depot who donated to Trump's campaign in 2016, said that the 46 percent tariff placed on Vietnam was 'bulls***.' Investor Stanley Druckenmiller, a mentor to Treasury Secretary Scott Bessent, wrote on X: 'I do not support tariffs exceeding 10%.' Even Elon Musk, Trump's special adviser tasked with gutting the federal government through DOGE, said he hopes for a 'zero-tariff situation' between the U.S. and Europe.
The Independent
08-04-2025
- Business
- The Independent
What is a Panican? Donald Trump's newest insult explained amid tariff backlash
While on the campaign trail, Donald Trump repeatedly touted the 'most beautiful word in the dictionary': tariff. Now, as president, he has conjured up a brand new expression for those voicing dissent against his sweeping levies targeting every country – bar Russia – which he imposed last week. As trillions of dollars are wiped from Wall Street and markets around the globe reel from his tariff onslaught, the president took to Truth Social not to reassure anxious Americans, but to call those with woes a 'Panican.' 'Don't be Weak! Don't be Stupid! Don't be a PANICAN,' he wrote Monday. Adding to his growing list of unique phrases and bizarre nicknames, what exactly is a Panican? What is a 'Panican'? Trump says a Panican is a 'new party' for the 'weak and stupid' - those who have lost life savings and sweating big tech companies that have seen millions wiped off their market value. The 'panic' part is self-evident - anyone worried about the economic impact of his sweeping tariffs. The 'can' at the end could either refer to Americans generally or more pointedly, Republicans who dare to question Trump's wisdom. His newly-minted phrase was unleashed on social media as he faces widespread backlash after imposing 10 percent universal tariffs with around 60 countries deemed the 'worst offenders' facing even higher levies. Stock markets have continued to slide with Thursday – the day after Trump's announcement – marking Wall Street's single largest decline since the Covid-19 pandemic in 2020 with about $3.1 trillion wiped from the market. The S&P 500, which has fallen about 10 percent since Trump's 'Liberation Day,' was down another 0.2 percent Monday, and the Dow Jones Industrial Average fell by 0.9 percent. The Nasdaq, however, rallied by 0.1 percent. But instead of taking a softly-softly approach with Americans fearing for their finances, the president went on the offensive. In a defiant post, Trump told the quivering Panicans they had no place in his Republican party if they couldn't accept his tariff gamble. 'The United States has a chance to do something that should have been done DECADES AGO,' he said after spending a weekend on the golf course as markets tanked. 'Don't be Weak! Don't be Stupid! Don't be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!' What is the Panican reaction? Jon Stewart used this week's installment of The Daily Show to mock Donald Trump's new nickname for those concerned about his trade tariffs which are causing economic chaos around the world. 'The genius who gave us classics like Sleepy Joe and Crooked Hillary, just s*** out, 'You're a Panican'? How about Hysterocrats? Repussicans? How about Cryontologists? Did the overseas factory you had been sourcing your nicknames from get shut down during the tariff war?' quipped Stewart. Just days before adding Panican to his parlance, Trump posted to Truth Social Friday 'ONLY THE WEAK WILL FAIL!' which Stewart said was the 'same tagline as season 3 of Squid Game.' Social media users also poked fun at Trump's new phrase. 'He's panicking,' one X user tweeted alongside a screenshot of Trump's Panican post. Jack Kimble, a fictitious 'Republican congressman' posted on X: 'Oh phew. When I heard Trump created a new word PANICAN, I thought that meant we were invading Panama and Canada today.' 'Panican (n) - cross between a penguin and a pangolin, capable of causing unspeakable havoc to [the] global market,' wrote political scientist Ian Bremmer. Others called Trump himself 'Panican-in-chief' dredging up old tweets where he railed against stock market collapses under former President Joe Biden. Should we be panicking? The president's latest threats come as stock markets tumbled for the third consecutive trading day. The massive sell-off had a brief respite around 10:30 a.m. ET on Monday after CNBC and social media influencers falsely reported that National Economic Council Director Kevin Hassett said Trump was considering a 90-day pause on tariffs for all countries other than China. White House Press Secretary Karoline Leavitt immediately shot down the reports as 'fake news' and the markets continued to plummet following her denial of any consideration of a pause on the import taxes, which Trump frequently and falsely claims will be paid by foreign governments rather than by importers who pass them along to consumers in the form of higher prices. Trump also confirmed to reporters he's 'not looking at' pausing the sweeping tariffs. So, should Americans be panicking? The chief investment strategist at CFRA Research, Sam Stovall, told AARP that data shows in every market pullback since World War II, the market regained lost ground between a month and a half and four months during corrections. The advice remains roughly the same for workers nearing retirement age. Experts suggest that people move to more conservative investments to shield their savings from market volatility and avoid any knee-jerk reactions. Who might join the Panican party? Republican Texas Representative Pete Sessions told the BBC that tariffs are not in the best interests of Americans or the free world to pay that extra money. GOP Texas Senator Ted Cruz warned the tariffs could be a 'terrible outcome' for the party's political prospects if they remain. Billionaire Bill Ackman, who backed Trump's 2024 presidential campaign, warned of an 'economic nuclear winter' as business investments 'grind to a halt.' Ken Langone, the co-founder of Home Depot who donated to Trump's campaign in 2016, said that the 46 percent tariff placed on Vietnam was 'bulls***.' Investor Stanley Druckenmiller, a mentor to Treasury Secretary Scott Bessent, wrote on X: 'I do not support tariffs exceeding 10%.' Even Elon Musk, Trump's special adviser tasked with gutting the federal government through DOGE, said he hopes for a 'zero-tariff situation' between the U.S. and Europe.
Yahoo
08-04-2025
- Business
- Yahoo
Jon Stewart: Donald Trump's Latest Nickname Proves He's Finished
With President Trump's tariffs spurring a stock market breakdown, Jon Stewart is disappointed by Trump's uninspired attempts to save face. 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.'
Yahoo
08-04-2025
- Business
- Yahoo
Voices: How Trump's ‘Panican' jibe at his tariff critics could backfire
Faced with mounting alarm in the US over his trade war, Donald Trump has resorted to his stock-in-trade of name calling. He has invented a new word to describe his critics: 'Panican'. He took to his Truth Social platform to defend himself against those opposed to his tariffs, who include some who have strongly supported him in the past. He told them: 'Don't be Weak! Don't be Stupid! Don't be a PANICAN (A new party based on Weak and Stupid people!).' Trump did not explain the origin of his new word, though it does not take a genius to work out that it is a combination of 'panic' and 'American'. It also has a distinct echo of 'Republican', Trump's own party. The president did not say who he considered to be members of his imaginary Panican Party. In the absence of this, the Independent has compiled a list of potential candidates of Trump's Panican Party, based on their comments and actions in recent days. The most prominent Panican contender is Trump's hitherto best known cheerleader, billionaire Elon Musk. He appeared to signal his disdain for the tariffs by posting a video of the most famous free marketeer of all, the late economist Milton Friedman. Billionaire Bill Ackman, who backed Trump's 2024 presidential campaign, warned of an 'economic nuclear winter', Mr Ackman said: 'Business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate. This is not what we voted for.' Another Trump ally, Republican Pete Sessions of Texas, urged him to rethink the tariffs. Mr Sessions told the BBC: 'All Texans believe that a tariff is a tax and that it is not in the best interests of Americans or the free world to pay that extra money. The president is receiving more than enough feedback from people about a four trillion dollar stock market loss that was deep and stunning. The president must listen and I believe he will.' Republican senator Ted Cruz warned the tariffs could damage the party's political prospects. 'If we are in a scenario 30 days from now, 60 days from now, 90 days from now, with massive American tariffs, and massive tariffs on American goods in every other country on earth, that is a terrible outcome.' There have been similar messages from several leading business figures in America. Billionaire Ken Fisher, founder of Fisher Investments, said Trump's tariffs were 'stupid, wrong, arrogantly extreme, ignorant trade-wise and addressing a non-problem with misguided tools'. Jamie Dimon, chief executive of JPMorgan Chase bank, said the trade wars could threaten the US's long-term economic alliances: 'The quicker this issue is resolved, the better because some of the negative effects increase cumulatively over time and would be hard to reverse.' Stanley Druckenmiller, founder of the Duquesne investment firm and worth an estimated $11 billion, said he did 'not support tariffs exceeding 10 per cent'. Simon MacAdam, deputy chief global economist of Capital Economics consultancy, said businesses were likely to delay making investments due to the 'sheer uncertainty' of Trump's approach. 'If you are a mid-sized or even a large-cap company, you're going to be very hesitant about what to do,' he said. 'If those tariffs are going to be negotiated back down again in a few months' time, you'd be wasting your time investing potentially hundreds of millions of dollars in new plants… in the US.' Judging from such reactions, it would appear that the Panican Party has plenty of support in the US. Trump clearly intended the jibe as an insult. But with growing fears that his tariffs could lead to catastrophe in America and the wider world it may come to be a badge worn with pride. As President Trump didn't say: 'Je suis Panican.'
