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

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This is the Daily Journal with your host, Michael Costa.

Speaker 3 Welcome to our Daily Show. I'm Michael Costa.

Speaker 4 We've got so much to talk about tonight. America is on the operating table.

Speaker 5 Penguins are marching to a recession.

Speaker 7 The stock market parties like it's 1929.

Speaker 10 But the thing everyone's talking about now is Trump's big, beautiful tariff. So let's get into the latest.

Speaker 3 My favorite word.

Speaker 3 My favorite word. Tariff.

Speaker 12 Yesterday, Donald Trump announced sweeping tariffs across the entire globe.

Speaker 7 Asia, South America, Narnia, Arendale, Wakanda, Bachelor Nation.

Speaker 13 If you can imagine it, Trump slapped a tariff on it.

Speaker 3 And today, the reviews came in.

Speaker 1 Carnage on Wall Street. Markets falling, tumbling.

Speaker 16 Stocks plunging down, down, down. The NASDAQ's getting crushed.
Small caps are getting crushed.

Speaker 18 This is a shock to the system.

Speaker 1 It is ugly out there.

Speaker 19 Worst than worst case scenario.

Speaker 5 Stocks are getting slashed and burned. Two and a half trillion dollars vaporized.

Speaker 2 $2.5 trillion vaporized. Your kids' college fund disintegrated.

Speaker 21 Your 401k given the death penalty.

Speaker 13 Your pension waterboarded in Guantanamo. Those stocks your nana gave you 20 years ago accidentally stepped in a landmine while vacationing in Vietnam.

Speaker 23 Economists say we could be on the verge of a recession, so things are looking scary right now.

Speaker 12 But don't worry, the only thing the president is better at than negotiating is speaking soothing words of comfort in times of need.

Speaker 27 We have heard from President Trump. He took the Truth Social, wrote this.

Speaker 26 The operation is over. The patient lived and is healing.

Speaker 27 The prognosis is that the patient will be far stronger, bigger, better, and more resilient than ever before.

Speaker 29 Boy, I feel so much better now. You know, I mean,

Speaker 10 always reassuring when the surgeon comes out screaming at the top of his lungs, the patient is fine!

Speaker 3 Everything is going great!

Speaker 3 Does anybody have a mob?

Speaker 18 The thing is, the patient didn't need major surgery.

Speaker 7 We just needed a teeth cleaning.

Speaker 12 Keep it clean and shiny.

Speaker 9 No one wants to wake up from heart surgery to their dental hygienist shouting, I think he's going to live.

Speaker 22 Also, the patient is going to be bigger?

Speaker 21 Was the surgery a penis enhancement?

Speaker 30 If so, what kind?

Speaker 22 Was it latex injections, scrotoplasty, ligament extension, ventral phalloplasty, a fat transfer to enhance girth?

Speaker 21 I mean, I think those are the options.

Speaker 8 I don't know.

Speaker 6 Now look, you could argue that it's bad that my retired 78-year-old mom is polishing up her resume resume now, but to Donald Trump, it's all worth it because we're correcting a grave injustice.

Speaker 31 President Trump says the higher penalties come in response to tariffs those countries impose on American products they import.

Speaker 33 Reciprocal, that means they do it to us and we do it to them. Very simple.

Speaker 7 Yeah, it's very simple in that it is simply not true.

Speaker 34 All right, the reality.

Speaker 8 The reality is that the numbers on his board are not the tariffs other countries are charging us.

Speaker 9 They actually represent the trade deficit between the U.S.

Speaker 7 and those countries, meaning we buy more stuff from them than they buy from us.

Speaker 22 I'm just going to repeat this.

Speaker 9 Those numbers don't represent the tariffs.

Speaker 13 They represent that we buy more stuff from them than they buy from us.

Speaker 22 That means we're basically punishing other countries for selling us stuff that we want.

Speaker 10 This is like me going to John Varvados and beating the shit out of him because I like his socks.

Speaker 4 Why don't you ever buy my socks, John Varvados? I don't make any socks, but that's no excuse.

Speaker 7 But that's really what's going on. It's not actually about tariffs.

Speaker 6 It's about other countries not buying enough of our stuff.

Speaker 7 Although Howard Luttnick, Commerce Secretary and Cologne Sponge, had another way to put it.

Speaker 24 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.

Speaker 30 It's unbelievable.

Speaker 24 They won't, we can't sell corn to India, we can't sell rice to Asia.

Speaker 32 Yeah,

Speaker 22 yeah, although I'm not sure tariffs are the reason we can't sell rice to Asia.

Speaker 34 I think they figured rice out about 10,000 years ago.

Speaker 21 Now, if they want to add a roni, well, then let us know.

Speaker 21 We got that figured out.

Speaker 21 By the way,

Speaker 26 Europe's beef is weak?

Speaker 12 I'm sure that's not true.

Speaker 2 They famously have a running from the beef event where the beef tramples people.

Speaker 29 But you know what?

Speaker 7 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.

Speaker 10 The important thing is that there are adults in the room.

Speaker 6 like Scott Besson, Treasury Secretary and college dean who understands that boys will be boys.

Speaker 12 That guy's going to have the answers we need.

Speaker 1 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?

Speaker 2 Again, I think we're going to wait and see how this plays out.

Speaker 19 Do you plan on having negotiations before that date?

Speaker 25 I just don't know if they're going to be negotiations.

Speaker 19 Canada and Mexico notably missing on that chart. Why is that?

Speaker 25 I'm not sure.

Speaker 10 You know,

Speaker 21 I have a question. Do you know anything?

Speaker 21 Why are you out here doing interviews?

Speaker 23 It's not very reassuring to have the Treasury Secretary of the United States going, uh-uh.

Speaker 21 You know what?

Speaker 2 Maybe they can't give us clarification because there isn't clarification.

Speaker 14 We just assume they have a good reason for imploding the economy because why else would you implode the economy?

Speaker 7 But then you uncover something like this and you realize, I'm not sure they even know what they're doing.

Speaker 1 Every country on the list faces at least 10% tariffs.

Speaker 1 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.

Speaker 3 Yeah, yeah.

Speaker 12 We put a 10% tariff.

Speaker 8 We put a 10% tariff on an island that only has penguins?

Speaker 9 Trump would have been better off tariffing that island Tom Hanks got stranded on.

Speaker 3 At least it had one guy and that little volleyball he he was f ⁇ ing.

Speaker 3 Is this a mistake?

Speaker 13 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.

Speaker 14 For more on these tariffs, let's go live to that uninhabited penguin island with Grace Kulenschmidt.

Speaker 14 Thank you.

Speaker 25 Grace, hold on. Wait, Grace, hold on.

Speaker 10 Why are you dressed like a penguin?

Speaker 15 Because I'm a serious journalist, Michael. I wanted to embed myself with the locals to get the real story.

Speaker 15 And that's why I disguised myself as a penguin and learned their culture and mated with the hottest one. Good.

Speaker 11 Hottest one.

Speaker 2 But every penguin looks the same.

Speaker 15 No, they don't all look alike, Jordan Clepper.

Speaker 3 Wait.

Speaker 11 Okay, point taken.

Speaker 12 But Grace, I'm sure your reporting has shown that putting tariffs on the penguins is ridiculous.

Speaker 15 Well, at first I too thought that Trump putting tariffs on this uninhabited island was a sign that he had suffered brain damage.

Speaker 15 But after spending a week here in negative 11 degrees and drinking lots of seawater, I totally see where he's coming from.

Speaker 15 The penguins are taking total advantage of America.

Speaker 15 We buy all their skins to make tuxedos. But have they ever

Speaker 15 but have they ever bought any fish from us?

Speaker 6 Okay, why?

Speaker 7 Why would they buy fish from us? They're on an island surrounded by fish.

Speaker 15 Yeah, but our fish comes in stick form.

Speaker 15 My grandfather was a fish stickerman.

Speaker 15 And these penguins are the reason he lost his job.

Speaker 15 Also, he got me too'd.

Speaker 3 Plus!

Speaker 15 Plus, America makes a lot of other things penguins don't buy. Soybeans, natural gas, grenade launchers.

Speaker 7 Look, penguins don't need any of that stuff.

Speaker 15 Oh, why? Because they're too stupid?

Speaker 5 No, because they don't have thumbs.

Speaker 15 Well,

Speaker 15 they don't have thumbs while they're finging me either, but they're doing that perfectly fine.

Speaker 6 Okay, okay, Grace. Okay.

Speaker 7 I think you've been in that suit too long.

Speaker 3 Why don't you just come home?

Speaker 15 Costa, I have a family of penguins to look after.

Speaker 15 I'm a mother now, and oof.

Speaker 15 They just got eaten by a seal.

Speaker 3 I'll be home tomorrow.

Speaker 30 Well, Grace Cool and Schmidt, everybody.

Speaker 34 When we come back,

Speaker 30 we discover the next generation of hacks don't go away.

Speaker 30 Welcome back to the Daily Show.

Speaker 7 It's no secret that journalism is in a state of crisis, but in this new media landscape, new stars are emerging every day.

Speaker 11 So to find out who some of them are, we go to Jordan Klepper in our new segment, News to Meet You.

Speaker 20 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,

Speaker 20 who recently made a name for himself when he pressed Ukrainian President Zelensky on a matter of global importance.

Speaker 23 Why don't you wear a suit?

Speaker 17 Why don't you wear a suit?

Speaker 23 You're the highest level in this country's office and you refuse to wear a suit.

Speaker 3 Thank you, thank you.

Speaker 20 Finally, the questions that matter. Now, most lane stream reporters would never dream of asking a question like that.

Speaker 20 They'd call it stupid or unnecessary or Jesus Christ, Brian, the man's fighting for his country's survival. What kind of finger is that?

Speaker 20 No.

Speaker 20 You know.

Speaker 20 That's 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.

Speaker 20 Glenn got his start in Dallas, Texas, where he honed his craft covering the most dangerous stories.

Speaker 35 All right, do I just jump in?

Speaker 3 One, two, three.

Speaker 3 Go! Oh, just invited me to go dance. I'm gonna jump up here real quick.

Speaker 3 Reporting. Woo! Everybody follow me.

Speaker 35 Let's see if we got some dance moves here. Now, this is something that you're obviously.

Speaker 3 I have, there we go, I like this one right here.

Speaker 35 Out here in the stables this morning as these horses are enjoying some breakfast. And you know what? I am ready for some racing.

Speaker 3 Yes.

Speaker 20 Now there's a man who knows how to dress appropriately for work.

Speaker 20 Take notes, Zelensky. It's right here.

Speaker 20 Glenn has proved time and time again that good journalism comes down to grit heart proximity to horses and above all costumes.

Speaker 35 I'm kicking these shoes off. Now make the panty hose on.
It does feel kind of good.

Speaker 3 Wow. Wow.

Speaker 7 What courage.

Speaker 20 What bravery? I mean, dressing in drag in Texas. I mean, reporters haven't put their asses on the line like that since Saigon.

Speaker 20 So, naturally, it was only a matter of time before Glenn was hired by Rightside Broadcasting Network, which is as legitimate as it sounds.

Speaker 20 And it was there at RSBN where he combined his love of human interestories with his hate of most of human beings.

Speaker 17 Liberal women tend to be some of the ugliest women I've ever seen. And I'm serious.
I mean, zero makeup.

Speaker 24 They take no pride in them.

Speaker 17 Well, they want to be men.

Speaker 23 They take no pride in

Speaker 28 their dress, their attire, their makeup, their haircut. Half of them look like men.

Speaker 16 Hairy armpits, hairy legs. Come on.

Speaker 17 That is not embracing

Speaker 28 what it means to be a woman.

Speaker 28 Wow.

Speaker 20 I love hearing about women's looks from a guy whose general vibe is sunburnt Deborah, who's no longer allowed at his kids' T-ball games.

Speaker 20 You know what?

Speaker 3 There's something here.

Speaker 20 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.

Speaker 20 And it was these hot takes that brought Glenn all the way from the campaign trail to the steps of Air Force One.

Speaker 36 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.

Speaker 37 Thank you. I like that question.
Boy, I want more questions like that. That's even a statement.

Speaker 3 Yeah.

Speaker 20 Ryan Glenn's questions are so good, they're actually just statements.

Speaker 20 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.

Speaker 17 Let's talk about your polling numbers nationally.

Speaker 16 You're just crushing Biden. It continues to go up.
Thoughts on that?

Speaker 37 He just said, I'm crushing Biden in the polls. That's true.
I appreciate that question. Thank you.

Speaker 3 Brian, thank you very much. Oh, oh, whoa.

Speaker 3 Oh.

Speaker 20 Amazing reportage.

Speaker 20 The way you know you're speaking truth to power is when power tells you, what a great question.

Speaker 20 It's like if Frost Nixon was just, Nixon.

Speaker 20 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.

Speaker 38 Brian Glenn from Real America's Voice, he is the boyfriend of Marjorie Taylor Greene.

Speaker 17 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.

Speaker 1 Okay, I'll see you later.

Speaker 3 Oh,

Speaker 20 I'll see you later for the sex.

Speaker 3 Man,

Speaker 3 can you feel that erotic heat, you know?

Speaker 20 Oh, violating journalistic ethics by not disclosing you're sleeping with the politician you're interviewing is wrong.

Speaker 3 I don't want to be right.

Speaker 20 And man, think about this. Think about this relationship.
What does Marjorie Taylor Greene hate most in the world?

Speaker 3 Jews, maybe. But

Speaker 3 right after that, reporters and drag queens.

Speaker 20 And Brian Glenn is both.

Speaker 3 You know what?

Speaker 3 That's.

Speaker 3 That's the power of good journalism.

Speaker 20 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.

Speaker 20 But hey, at least you wore a suit.

Speaker 20 I'm Jordan Cleffer. Good night, and seriously, good

Speaker 20 luck.

Speaker 20 Wow,

Speaker 20 thank you, Jordan. We come back.

Speaker 30 Scott and Glenn will be joining me on the show. Don't go away, Jordan Cleffer.
Awesome.

Speaker 30 Welcome back to the Danish Show.

Speaker 10 My guest tonight is a legendary actor who makes a surprise appearance on HBO's The White Lotus.

Speaker 4 Please welcome Scott Glenn.

Speaker 4 They love you.

Speaker 3 They love you.

Speaker 2 Look, White Lotus.

Speaker 2 Your character doesn't jerk off his brother, but

Speaker 38 he is a great mystery.

Speaker 25 How did you prepare for Jim Hollinger, this character?

Speaker 32 The first thing I did

Speaker 32 when they offered me the part was I turned it down.

Speaker 3 Great. That's what I've been doing wrong this whole time, Miss Johnson.

Speaker 32 You know, 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

Speaker 32 ageism and how you deal with it when you're old and still have a lot left in the tank.

Speaker 32 And they sent me a description of this old guy with a cane, and I thought, f ⁇ that.

Speaker 3 I don't want to do that.

Speaker 32 Right.

Speaker 32 But I watched the show. So that night, Carol, my wife, and I watched the show.
And inside probably 15 minutes, I was sucked right into it.

Speaker 32 You know, I think I want to be a part of this deal.

Speaker 32 So

Speaker 32 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?

Speaker 32 And I know Thailand pretty well, so I just started doing that and looking into it. For me, the heavy lifting and the fun of acting is pretending that I'm getting ready to do do the part.

Speaker 32 So I thought

Speaker 32 years ago, Marlon Brando taught me that

Speaker 32 every

Speaker 32 language has a rhythm in every country.

Speaker 32 So say 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.

Speaker 32 So I thought,

Speaker 32 how do I find the rhythm of Thailand? I know, I'll start at the sort of white belt,

Speaker 32 bottom rung, learning something called Kribi Kribong, which is two short swords, martial arts, and something called...

Speaker 25 Now you got weapons up.

Speaker 3 There you go. To get ready for your acting role.

Speaker 32 I always do that.

Speaker 3 And he does.

Speaker 6 I haven't seen all of the... I mean, I don't know what's coming, but Jim Hollinger, the character, is not a sword fighter.

Speaker 32 No, no, no, so, no, no.

Speaker 6 So why are you using swords to get ready for the action?

Speaker 32 Because

Speaker 32 I figured.

Speaker 29 This is why I haven't booked an audition?

Speaker 3 Maybe. Maybe.

Speaker 3 Yeah.

Speaker 32 No, I just figured that

Speaker 32 in learning the traditional

Speaker 32 martial arts of where you're going, you'll start to learn the rhythm of the place. It's just a way of me making excuses to have fun and learn something.

Speaker 14 I love that.

Speaker 3 That's sweet.

Speaker 23 He's a mysterious character.

Speaker 25 We don't know if he killed the dad, if he's Walton Goggins' dad.

Speaker 7 What can you tell us?

Speaker 10 Or are you acting right now by not giving it away?

Speaker 32 I can tell you, stay tuned.

Speaker 12 Stay tuned.

Speaker 25 All of your characters have an intensity, and I

Speaker 32 love them.

Speaker 25 I mean, the right stuff.

Speaker 30 Look at that.

Speaker 4 Urban cowboy.

Speaker 3 Look at that, huh?

Speaker 3 Look at that.

Speaker 6 The hunt for Red October.

Speaker 18 I get the sense that you have an intensity off-screen as well in your life.

Speaker 25 Is that true?

Speaker 32 Yeah.

Speaker 3 No?

Speaker 26 I mean, martial arts with Naive, you've already told us, used to race motorcycles, open water spearfish, ice climbing, skydiving.

Speaker 6 What is it about this stuff?

Speaker 18 Is acting just a little

Speaker 18 the safest thing you do?

Speaker 32 The first time I ever jumped out,

Speaker 32 I was airborne in the service, but it was static line jumps. So the first time I ever freefall, did skydive was with a four-time world champion up in Idaho.

Speaker 32 And we took the doors off of Cessna, went up, got out in the strut, made the jump.

Speaker 32 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?

Speaker 32 And I said, opening night off Broadway.

Speaker 32 But I love this. I want to do it again.

Speaker 3 And

Speaker 32 we did three more jumps that afternoon, but driving back to catch him, he said, your first instinct was opening night off Broadway. And I said,

Speaker 32 that's way

Speaker 32 scarier to me. than if I jump out of a plane and everything goes south,

Speaker 32 it'll be over like that.

Speaker 32 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.

Speaker 32 15 minutes before I go on stage, I say, why the am I doing this?

Speaker 32 I get paid more in 10 minutes of doing a TV show.

Speaker 32 And then maybe

Speaker 32 30 seconds before I go on stage, the real truth is I'm a huge phony. I have no idea what I'm doing.

Speaker 32 And tonight, the whole house of cards is going to fall in in front of all those people out there.

Speaker 32 They're going to find out what I've always secretly expected.

Speaker 25 It's that challenge and that intensity that makes you feel alive. I just figured it out, man.

Speaker 29 I think you're right. I think I'm right, right?

Speaker 25 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?

Speaker 25 One, I love riding motorcycles, but I have kids now, and my wife is like, got to stop riding motorcycles.

Speaker 25 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.

Speaker 32 I'm going to do all of my riding on tracks from now on.

Speaker 25 Oh, so now I got to go, I got to go motorcycle track. All right, well, I'm going to hear what she says, and then we'll have to bring you back and we'll do

Speaker 3 what she

Speaker 11 is on a track? I guess it would be safer because I'm not going to hit a deer or a car or whatever.

Speaker 32 The worst place to be, for real, is traffic.

Speaker 25 Right.

Speaker 22 Oh, shit. I think that secures it for me.

Speaker 14 You live in Idaho. Yeah.

Speaker 10 Not a lot of actors live in Idaho, and you've lived there for a long time.

Speaker 32 Yeah, 45 years.

Speaker 7 How has that influenced your work? Does it, was it important for you to not be in LA or New York?

Speaker 10 I'm from Michigan.

Speaker 7 I love when people in show business live somewhere else.

Speaker 2 I love that.

Speaker 32 Whatever minor talent I have, I get from stealing behavior from people.

Speaker 32 I can see real behavior in a truck stop in Idaho.

Speaker 32 In LA, everybody is a slash.

Speaker 32 I'm a gas station attendant slash screenwriter.

Speaker 32 I'm a waitress slash, you know, TV star.

Speaker 32 There's nothing to steal from those people because they've slashed it to pieces. Yeah.

Speaker 10 That's a great answer. I love that.

Speaker 3 Lastly,

Speaker 29 in the white lotus, there's a spectrum of men with issues that are complex.

Speaker 14 They're seeking revenge.

Speaker 25 They have depression.

Speaker 29 And I just, you know, I feel men right now are struggling.

Speaker 25 There's the male friendship recession, depression rates are high.

Speaker 29 This part isn't really funny.

Speaker 18 Suicide rates are high.

Speaker 23 I'm very curious.

Speaker 25 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?

Speaker 32 Never pay a tariff.

Speaker 3 Okay.

Speaker 3 All right.

Speaker 3 We'll take that for whatever it means.

Speaker 30 The season finale of White Lotus airs Sunday on HBO and Max Scott Glenn. We're going to take a quick break.
We'll be right back after this. Thank you, Scott.

Speaker 30 That's our show for tonight. Now here it is, your moment of zen.

Speaker 7 This is all great news for Detroit, in my opinion.

Speaker 11 Did that come up for discussion last night?

Speaker 7 No, we talked about that in the Oval Office a little bit, but no, dinner was

Speaker 13 awesome.

Speaker 3 It was weirdly so awesome.

Speaker 3 Explore more shows from the Daily Show podcast universe by searching The Daily Show, wherever you get your podcasts.

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