Trump Tariffs Send Markets Plunging, Penguins Waddling to a Trade War | Scott Glenn

We were getting where we couldn't pay the bill.

PG&E asked customers about their biggest concerns so we could address them one by one.

That's terrifying.

That's fair.

Joe, Regional Vice President, PG&E.

We have to run the business in a way that keeps people safe, but it starts driving costs down.

I would love to see that.

We're on our way.

I hope so.

PG&E electricity rates are now lower than they were last year.

Hear what other customers have to say and what PG&E is doing about it at pge.com slash open dash lines. Introducing Instagram teen accounts, a new way to keep your teen safer as they grow, like making sure they've got the right gear for riding.
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See you, Dad. New Instagram teen accounts, automatic protections for who can contact your teen and the content they can see.
Spoiler alert, a two word warning that we're about to ruin the end, but sometimes spoilers can be worthwhile. And so we designed the Lexus NX to reveal many things, like taking the mystery out of how close you are between parking space lines or the time you'll arrive at your dinner reservation.
Technology designed to remove surprise endings. It's just a better story that way.
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From the most trusted journalists at Comedy Central, it's America's only source for news. This is The Daily Show with your host, Michael Kosta.
Yo! Whoa, I love this audience. Welcome to The Daily Show.
I'm Michael Kosta. We've got so much to talk about tonight.
America is on the operating table. Penguins are marching to a recession.
The stock market parties like it's 1929. But the thing everyone's talking about now is Trump's big, beautiful tariff.
So let's get into the latest.

My favorite word.

My favorite word.

Tariff.

Yesterday, Donald Trump announced sweeping tariffs across the entire globe.

Asia, South America, Narnia, Arendelle, Wakanda, Bachelor Nation. If you can imagine it, Trump slapped a tariff on it.
And today the reviews came in. Carnage on Wall Street.
Markets falling, tumbling. Stocks plunging down, down, down.
The Nasdaq's getting crushed. Small caps are getting crushed.
This is a shock to the system. It is ugly out there.

Worse than worst case scenario.

Stocks are getting slashed and burned.

Two and a half trillion dollars vaporized.

2.5 trillion dollars vaporized.

Your kid's college fund disintegrated.

Your 401k given the death penalty.

Your pension waterboarded in Guantanamo.

Those stocks your nana gave you 20 years ago accidentally stepped on a landmine while vacationing in Vietnam. 401k, given the death penalty, your pension waterboarded in Guantanamo,

those stocks your nana gave you 20 years ago accidentally stepped on a landmine

while vacationing in Vietnam.

Economists say we could be on the verge of a recession,

so things are looking scary right now.

But don't worry.

The only thing the president is better at than negotiating

is speaking soothing words of comfort in times of need. We have heard from President Trump he took the Truth Social, wrote this, the operation is over, the patient lived and is healing.
The prognosis is that the patient will be far stronger, bigger, better, and more resilient than ever before. Boy, I feel so much better now.
You know, I mean, always reassuring when the surgeon comes out screaming at the top of his lungs, the patient is fine! Everything is going great! Does anybody have a mop? The thing is, the patient didn't need major surgery. We just needed a teeth cleaning.
Keep it clean and shiny. No one wants to wake up from heart surgery to their dental hygienist shouting,

I think he's going to live. Also, the patient is going to be bigger.

Was the surgery a penis enhancement?

If so, what kind? Was it latex injections, scrotoplasty, ligament extension,

ventral phalloplasty, a fat transfer to enhanced girth. I mean, I think those are the options.
I don't know. Now, look, you could argue that it's bad that my retired 78-year-old mom is polishing up her resume now, but to Donald Trump, it's all worth it because we're correcting a grave injustice.
President Trump says the higher penalties come in response to tariffs those countries impose on American products they import. Reciprocal.
That means they do it to us and we do it to them. Very simple.
Yeah, it's very simple in that it is simply not true. All right.
The reality, the reality is that the numbers on his board are not the tariffs other countries are charging us. They're actually they actually represent the trade deficit between the U.S.
and those countries, meaning we buy more stuff from them than they buy from us. I'm just going to repeat this.
Those numbers don't represent the tariffs. They represent that we buy more stuff from them than they buy from us.
That means we're basically punishing other countries for selling us stuff that we want. This is like me going to John Varvatos and beating the shit out of him because I like his socks.
Why don't you ever buy my socks, John Varvatos? I don't make any socks, but that's no excuse. But that's really what's going on.
It's not actually about tariffs. It's about other countries not buying enough of our stuff.
Although Howard Lutnick, Commerce Secretary and Cologne Sponge, had another way to put it. I mean, the European Union won't take chicken from America.
They won't take lobsters from America.

They hate our beef because our beef is beautiful and theirs is weak.

It's unbelievable.

We can't sell corn to India.

We can't sell rice to Asia.

Yeah.

Yeah, although I'm not sure tariffs are the reason we can't sell rice to Asia.

I think they figured rice out about 10,000 years ago. Now, if they want to add a roni, well, then let us know.
We've got that figured out. By the way, Europe's beef is weak? I'm sure that's not true.

They famously have a running from the beef event where the beef tramples people. You know what? I'm not too concerned about Donald Trump not understanding how his tariffs work because he's Donald Trump.
He doesn't understand how to make money running a casino. The important thing is that there are adults in the room, like Scott Besson, Treasury Secretary and college dean who understands that boys will be boys.
That guy's going to have the answers we need. What do you expect the stock market to look like when it opens tomorrow in reaction to this? I don't know.
Should we view these as permanent? Again, I think we're going to wait and see how this plays out. Do you plan on having negotiations before that date? I just don't know if there are going to be negotiations.
Canada and Mexico notably missing on that chart. Why is that? I'm not sure.
You know, I have a question. Do you know anything? Why are you out here doing interviews? It's not very reassuring to have the Treasury Secretary of the United States going, You know what? Maybe they can't give us clarification because there isn't clarification.
We just assume they have a good reason for imploding the economy because why else would you implode the economy? But then you uncover something like this, and you realize, I'm not sure they even know what they're doing. Every country on the list faces at least 10% tariffs, even small, remote places like the Heard and McDonald Islands.
They are near Antarctica and covered in glaciers, home to many penguins, but no people. Yeah, yeah.
We put a 10% tariff... We put a 10% tariff on an island that only has penguins? Trump would have been better off tariffing that island Tom Hanks got stranded on.
At least it had one guy in that little volleyball he was f***ing. Is this a mistake? Look, I know old people butt dial strangers all the time, but this is the first time I've heard of someone butt tariffing an entire country.
For more on these tariffs, let's go live to that uninhabited penguin island with Grace Kuhlenschmidt. Grace, thank you.
Grace, hold on. Wait, Grace, hold on why why are you dressed like a penguin because i'm a serious journalist michael i wanted to embed myself with the locals to get the real story and that's why i disguised myself as a penguin and learned their culture and made it with the hottest one.
Hottest one? But every penguin looks the same. No, they don't all look alike, Jordan Klepper.
Wait. Okay, point taken.
But Grace, I'm sure your reporting has shown that putting tariffs on the penguins is ridiculous. Well, at first I too thought that Trump putting tariffs on this uninhabited island was a sign that he had suffered brain damage.
But after spending a week here in negative 11 degrees and drinking lots of seawater, I totally see where he's coming from. The penguins are taking total advantage of America.
We buy all their skins to make tuxedos, but have they ever? But have they ever bought any fish from us? Okay, why? Why would they buy fish from us? They're on an island surrounded by fish. Yeah, but our fish comes in stick form.
My grandfather was a fish stickerman.

And these penguins are the reason he lost his job.

Also, he got me too'd.

Plus, America makes a lot of other things penguins don't buy.

Soybeans, natural gas, grenade launchers. Look, penguins don't need any of that stuff.

Oh, why? Because they're too stupid?

No, because they don't have thumbs.

We'll see you next time. Why? Soybeans, natural gas, grenade launchers.
Okay, look, penguins don't need any of that stuff. Oh, why? Because they're too stupid? No, because they don't have thumbs.
Well, they don't have thumbs while they're me either, but they're doing that perfectly fine. Okay, okay, Grace, okay.
I think you've been in that suit too long. Why don't you just come home? Costa, I have a family of penguins to look after.
I'm a mother now. And, oops, they just got eaten by a seal.

I'll be home tomorrow.

Well, Grace Koolenschmidt, everybody, when we come back,

we discover the next generation of hacks.

Don't go away. We were getting where we couldn't pay the bill.

PG&E asked customers about their biggest concerns so we could address them one by one.

That's terrifying.

That's fair.

Joe, Regional Vice President, PG&E.

We have to run the business in a way that keeps people safe, but it starts driving costs down. I would love to see that.
We're on our way. I hope so.
PG&E electricity rates are now lower than they were last year. Hear what other customers have to say and what PG&E is doing about it at pge.com slash open dash lines.
Introducing Instagram teen accounts. A new way to keep your teen safer as they grow.
Like making sure they've got the right gear for riding. Kneepads.
Check. And helmet.
Done. See you, Dad.
New Instagram teen accounts, automatic protections for who can contact your teen and the content they can see. Welcome back to The Daily Show.
It's no secret that journalism is in a state of crisis, but in this new media landscape, new stars are emerging every day. So to find out who some of them are, we go to Jordan Klepper in our new segment, News to Meet You.
Tonight, we highlight a journalist who has quickly established himself as the new paragon of the free press, chief White House correspondent for Real America's Voice, Brian Glenn, who recently made a name for himself when he pressed Ukrainian President Zelensky on a matter of global importance. Why don't you wear a suit? Why don't you wear a suit? You're the highest level in this country's office, and you refuse to wear a suit.
Thank you. Thank you.
Finally, the questions that matter. Now, most lamestream reporters would never dream of asking a question like that.
They'd call it stupid or unnecessary or Jesus Christ, Brian, the man's fighting for his country's survival. What kind of f***ing question is that? I don't know.
I don't know. That is not Glenn's style.
And if this was your first time hearing about Brian Glenn, then good sir, you need to accept your uncle's Facebook friend request Glenn got his start in Dallas Texas where he honed his craft covering the most dangerous stories all right do I just jump in one two three reporting everybody me. You can see we got some dance moves here now.

This is something that you're obviously...

I have...

There we go.

I like this one right here.

Out here in the stables this morning

as these horses are enjoying some breakfast.

And you know what?

I am ready for some racing.

Yes.

Now there's a man who knows how to dress appropriately for work.

Take note, Zelensky.

It's right here.

Glenn has proved time and time again that good journalism comes down to grit, heart, proximity to horses, and above all, costumes. I'm kicking these shoes off, but I may keep the pantyhose on.
This feels kind of good, actually. Wow.
Wow. What courage.
What bravery. I mean, dressing in drag in Texas.
I mean, reporters haven't put their asses on the line like that since Saigon. So, naturally, it was only a matter of time before Glenn was hired by Right Side Broadcasting Network, which is as legitimate as it sounds.
And it was there at RSBN where he combined his love of human interest stories with his hate of most of human beings. Liberal women tend to be some of the ugliest women I've ever seen.
And I'm serious. I mean, zero makeup.
Well, they are men. Well, they want to be men.
They take no pride in their dress, their attire, their makeup, their haircut. Half of them look like men.
Hairy armpits, hairy legs. Come on.
That is not embracing what it means to be a woman. Wow.
I love hearing about women's looks from a guy whose general vibe is sunburnt divorcee who's no longer allowed at his kids' t-ball games. You know what? There's something here.
There's something right here. People don't want spin.
They want reporters to deliver unbiased, fact-based, hard news about which voters they bang. And it was these hot takes that brought Glenn all the way from the campaign trail to the steps of Air Force One.
A lot of Americans think that this is symbolic of what your campaign was all about. America first.
Putting the American people first. Your thoughts on that? We are.
Thank you. I like that question.
Boy, I want more questions like that. That's even a statement.
Yeah. Ryan Glenn's questions are so good, they're actually just statements.
You know what? It's all a clever setup, like a hunter setting a trap. Butter him up and then hit him hard.
Show him how it's done, Brian. Let's talk about your polling numbers nationally.
You're just crushing Biden. It continues to go up.
Thoughts on that? He just said, I'm crushing Biden in the polls. That's true.
I appreciate that question. Thank you.
Brian, thank you very much. Oh, amazing reportage.
The way you know you're speaking truth to power is when power tells you, what a great question. It's like if Frost Nixon was just Nixon.
And these days, Brian Glenn is showing he'll chase down a story no matter where it takes him, from the streets to the sheets.

Brian Glenn from Real America's Voice, he is the boyfriend of Marjorie Taylor Greene.

There you have it. Marjorie Taylor Greene, thank you so much for joining me today.

And I'm sure I will see you a little bit later. Okay, I'll see you later.
Oh! I'll see you later for the sex. Man, can you feel that erotic heat, you know? Oh, violating journalistic ethics by not disclosing you're sleeping with the politician you're interviewing is wrong.
I don't want to be right. I mean, think about this.
Think about this relationship. What does Marjorie Taylor Greene hate most in the world? Jews, maybe.
But right after that, reporters and drag queens. And Brian Glenn is both.
You know what? That's that's the power of good journalism. It doesn't just change minds, it changes hearts.
So kudos to you, Brian Glenn. You went from embarrassing yourself on local news to embarrassing all of us on the national stage.
But hey, at least you wore a suit.

I'm Jordan Klepper. Good night and seriously, good

f***ing luck.

Thank you,

Jordan. We come back.
Scott Glenn will be

joining you on the show. Don't go away.

Jordan Klepper.

Thank you. Thank you.
Welcome back to The Daily Show. My guest tonight is a legendary actor who makes a surprise appearance on HBO's The White Lotus.
Please welcome Scott Glenn. Whoa.
They love you. They love you.
They love you. They love you.
Look, White Lotus. Your character doesn't jerk off his brother, but he is a great mystery.
How did you prepare for Jim Hollinger, this character? Uh, the first thing I did when I, when they offered me the part was I turned it down. Great.
That's what I've been doing wrong this whole time in showbiz. No, I just finished a film called Eugene the Marine.
That was tons of martial arts and dancing and shit like that. And it was basically about, uh, it was about ageism and how you deal with it when you're old and still have a lot left in the tank.
And they sent me a description of this old guy with a cane and I thought, f*** that. I don't know.
But I watched the show. So that night, Carol, my wife and I watched the show and inside probably 15 minutes I was it.
I said, you know, I think I want to be a part of this deal. So I talked to Mike the next morning.
He said, you play a guy who's lived in Thailand straight for 50 years, off and on for 60 years, and has amassed a fortune. How do you think he got it? And I know Thailand pretty well.
So I just started doing that and looking into... For me, the heavy lifting and the fun of acting is pretending that I'm getting ready to do the part.
So I thought... Years ago, Marlon Brando taught me that every language has a rhythm in every country.
So he went back and forth between German and Japanese without changing the pronunciation of words, just changing the rhythm, and all of a sudden he was German, then he was Japanese and back and forth. So I thought, how do I find the rhythm of Thailand? I know I'll start at the sort of white belt, bottom rung learning something called Kribi Kribong, which is two short swords, martial arts, and something called...
So now you got weapons out. There you go.
To get ready for your acting role i i always do that and he does

i haven't i've been seeing all of the i mean i haven't i don't know what's coming but jim hollinger the character is not a sword fighter no no no so no no so why are you using swords to get ready for the act because of because i just why i haven't booked an audition Maybe.

Maybe.

Yeah.

No, I just figured that in learning the traditional martial arts of where you're going, you'll start to learn the rhythm of the place. Love that.
It's just a way of me making excuses to have fun and learn something. I love that.
That's sweet. He's a mysterious character.
character. We don't know if he killed the dad, if he's Walton Goggins' dad.
What can you tell us? Or are you acting right now by not giving it away? I can tell you. Stay tuned.
Stay tuned. All of your characters have an intensity, and I f***ing love them.
I mean, the right stuff. Look at that.
Bourbon Cowboy. Look at that, huh? Look at that.
The Hunt for Red October. I get the sense that you have an intensity off screen as well in your life.
Is that true? No. No? I mean, martial arts with knives, you've already told us.
Used to race motorcycles, open water spearfish, ice climbing, skydiving. What is it about this stuff? Is acting just a little the ease the safest thing you do the first time i ever jumped out i i was airborne in the service but it was static line jump so the first time i ever free fall did skydive was with a four-time world champion up in idaho and we took the doors off of Cessna, went up, got out in the strut, made the jump.
When I hit the ground, he came down after me. He ran up to me.
He said, quick, without thinking, what's the most fun you've ever had in your life with your clothes on? And I said, opening night off Broadway. But I love this.
I want to do it again. And we did three more jumps that afternoon, but driving back to Ketchum, he said, your first instinct was opening night off Broadway.
And I said, that's way scarier to me than if I jump out of a plane and everything goes south, it'll be over like that. Right, right.
Opening night for me in any theater, but especially off-Broadway, when you're as close to the front row as I am to you right now, I always throw up in the afternoon. Yeah.
Fifteen minutes before I go on stage, I say, why the f*** am I doing this? I get paid more than 10 minutes of doing a TV show.

And then maybe 30 seconds before I go on stage, the real truth is I'm a huge phony.

I have no idea what I'm doing.

And tonight, the whole house of cards is going to fall in in front of all those people out there.

They're going to they're going to find out what I've always secretly expected.

It's that challenge and that intensity that makes you feel alive. I just figured it out, man.
I think you're right. I think I'm right.
Right. But, um...

You know, we're not the same generation,

and I love talking to men of a generation. You know, we're not of the same generation,

and I love talking to men of a generation older than me,

so I have a few questions for you just to help me, okay?

One, I love riding motorcycles, but I have kids now,

and my wife is like, I've got to stop riding motorcycles,

and I said, Scott, how do I have this conversation with my wife

that this is when I feel alive when I'm driving motorcycles? What do I say to her? Tell me right now. Go.

I'm going to do all of my riding on tracks from now on.

Oh, so now I got to go. I got to go motorcycle track.
Yeah. All right.
Well, I'm going to hear

what she says and then we'll have to bring it back and we'll do it. Is it safer? I guess it

would be safer because I'm not going to hit a deer or a car.

The worst place to be for real is traffic.

Right.

Shit.

I think that secures it for me.

You live in Idaho.

Yeah.

Not a lot of actors live in Idaho and you've lived there for a long time.

Yeah.

45 years.

How has that influenced your work?

Does it?

Was it important for you to not be in L.A. or New York? I'm from Michigan.
I love when people in show business live somewhere else. I love that.
Whatever minor talent I have, I get from stealing behavior from people. I can see real behavior in a truck stop in Idaho.
In LA, everybody is a slash. I'm a gas station attendant slash screenwriter.
I'm a waitress slash TV star. There's nothing to steal from those people Because they've slashed it to pieces.
Yeah. That's a great answer.
I love that. Lastly, in the White Lotus, there's a spectrum of men with issues that are complex.
They're seeking revenge. They have depression.
And I just, you know, I feel men right now are struggling. There's a male friendship recession.
Depression rates are high. This part isn't really funny.
Suicide rates are high. I'm very curious.
I love the masculinity you portray. But what are your thoughts on men today? What can we

steal? What can we learn from an older generation that would help us?

Never pay a tariff.

Okay. All right.
We'll take that for whatever it means. The season finale of White Lotus airs

Sunday on HBO and Max. Scott Glenn, let me take a quick break.
We'll be right back after this. Thank you, Scott.
Thank you, Scott. Thank you, Scott.
Thank you, Scott. Thank you, Scott.
Thank you, Scott. Thank you, Scott.
Thank you, Scott. Thank you, Scott.
That's our show for tonight. Now, here it is, your moment of sound.

This is all great news for Detroit, in my opinion.

Did that come up for discussion last night?

No, we talked about that in the Oval Office a little bit,

but no, dinner was awesome. It was weirdly so awesome.
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