"Trump is Absolutely INSANE" CNBC Anchors LOSES IT *LIVE*

Steve Leeman of CNBC just absolutely

lost it on Donald Trump let's play the

clip and break down some of the comments

that he's making and what I want you to

pay attention to is watch his co-anchor

try to settle him down and pull him back

like find an excuse as to maybe why this

is strategic I think CNBC is starting to

realize uh oh he's going off the deep

end quick R them in listen to it time

I'm going to say this at risk of my job

Kelly but what president Trump is doing

is insane it is absolutely insane it is

about the eighth reason we've had for

the tariffs and now he's saying he's

putting 50% tariffs on Canada unless

they agree to become the 51st state that

is insane there is just no other way of

describing it and the trouble Kelly is

that it shows there are no bounds around

president Trump this is very different

from the first Administration where

there were people around him who seemed

to I don't know what the the word is but

smooth over some of the edges now and

the other thing that's not talked about

Kelly is what's going on within the

administration in terms of how they're

treating the Constitution and laws I

think all of that is bad for the

attraction of capital and and the

gentleman from Bridgewater is 100% right

we need massive amounts of capital if we

want to have fund our deficits pay for

the things we want to pay for sell our

bonds and have high stock prices and it

seems as if this Administration is doing

everything it can to chase foreign

Capital away keep in mind a lot of the

promised Investments that were getting

announced from foreign companies like

tsmc or even American companies like

apple are promised Investments over the

next four to five years whether it's the

open AI project in partnership with

Qualcomm whether it's tsmc whether it's

Apple Microsoft doesn't matter a lot of

these announced projects aren't actually

money here yet and so I think Steve is

arguing hey you know people might say

right now that they're going to invest

but could we scare them away if we end

up creating too volatile of a situation

in the near term you know other people

say um Donald Trump is too uh too sort

of In Cahoots with the Supreme Court

which potentially could also lead other

people not to want to invest in the

these those are rumors you know

everybody's going to have different

opinions on that some people believe

that some not but listen to the rest of

this interview and we'll add some more

color there as well well and we could go

into the strategy of the the insanity as

a strategy in terms of our trading

insanity is not a strategy I'm sorry I

I'm with you Kelly and trying to look

for Silver Linings I'm a sunny person

Silver Linings tactics some some well

some explanation for this other than

Insanity I'm ready to accept it if you

can come up with one that right there

was sort of the moment of uh the

producers hey hey hey R them in R them

in and and you can see Steve doubles

down on I'm looking for a silver linning

I I don't see it with tariffs keep in

mind tariffs they're a negative okay

they are an extra cost they're an extra

tax they're not great economically

nobody wants tariffs

but they're seen as a bargaining chip at

the moment we're going through the

bargaining apparently now what damage

will it cause we'll see let's listen in

more is the fed put there and will they

at some point react I was just on a

phone with my producer Betsy we were

trying to create something because I

want to show you something special

something interesting here which is if

you look at May it's at

46% then it jumps to June being 90% for

that first cut why the Gap I think the

Gap exists because the market believes

that the FED has to see the initial

round of numbers from tariffs come into

the system and then hopefully by June it

can discern that there is not going to

be a wider inflation threat so you don't

put the cut into May because you have to

see those tariff numbers pass through I

don't know if we have further numbers

but I can show you the second cut looks

like it's July at 63% probability and

then you get to October 63 uh December

73% for the for the third cut so there's

three Cuts built in this year but I

think they're contingent upon the idea

of those tariffs they come in and pass

through the system as just a onetime

rise in prices this is probably a good

point we only have about a 4% chance of

a rate cut on March 19th which is the

Fed meeting uh that will be uh next week

we'll be covering that of course then

you've got about a 46% chance now this

has been updating even just over the

last 20 minutes here but a 46% chance

now set for May 7th 76% chance set for

June so that Gap that Steve is referring

to here is this idea of hey will we have

some color on tariffs and a solution

here did inflation pass through or not

got CPI coming out tomorrow too early to

say that there'll be much of a

difference there you know I was reading

the Best Buy earnings call this morning

and Best Buy makes this argument that

hey look we think sales are going to

grow between zero and 2% comp sales

without tariffs now that's really

interesting I haven't actually seen a

guide without tariffs like most

companies like koh's are like yeah we're

just going to try to incorporate

everything we can and we're going to

give you bad numbers Best Buy's like ah

we should grow at 0 to 2% unless tariffs

cause problems then they're asked like

hey are you going to be able to pass

those prices onto consumers and their

response is a very common response we're

seeing right now which is well maybe but

we don't know how consumers are going to

react see when you're only growing sales

at an you know a midpoint of 1% you

don't really have the capacity for large

price increases so sure you could

increase prices half a percent but if

your costs went up 5% you're eating four

and a half and that hurts your earnings

anyway let's keep listening slowdown is

really I mean three Cuts is a big change

and three c a big change and I think you

also probably have to see at least some

measurable weakness in either jobs or in

the GDP numbers not what we're seeing

now in Atlanta fed because that's all

driven by artificial trade stuff exact

and gold Imports which there's no and I

I want to be clear about something right

now which is there is not recession is

not in the hard numbers okay it's in the

soft numbers and the fear right now is

that what's happening with tariffs and

what's happening with sentiment will

come into the hard numbers but there is

no inevitability of a recession at this

moment and that Mike I'll I'll get to

Mike's Point leave it you don't have

recession in your forecast do you I also

agree with Steve here that recession

isn't in the numbers right now

but we're trending in that direction

we're trending towards a slowing can we

pull it off as a soft Landing

hopefully are we going to that's the big

question depends on how volatile and

damaging things are now see in my

opinion recessions don't occur very

slowly you typically set the groundwork

for recession and then there's a shock

event the shock event must then

immediately be buffered by either the

fed put or a presidential like the Trump

put and if it's not because the FED

isn't ready to cut then you suffer the

recession that's

doal it's not the base case but I think

the risks are obviously Rising with

these policy shocks and look we're

talking about the fed and the timing of

cuts you know is the Fed going to get

Super Lucky again with the timing being

just right and the cuts being sufficient

to preserve the business cycle and you

know certainly I think we all hope so

but we're taking a big risk here and in

terms of the the hard data you know

Steve's exactly right there's no

recession in the hard data at this point

but I will submit you know the tracking

estimates for private sector final sales

for the first quarter are below 1% now

now maybe that could change because you

know we don't have a full set of data

but if nominally we're running the

private sector uh final sales around

three or just above three and the FED

funds rate is at 4.33

you know you could make the argument

here that you know that the FED might be

falling a bit behind the curve again so

you know we'll see I think you can't you

can't discount the risk uh that a

recession could occur even if it's not

the base case all right gentlemen thank

you appreciate it Michael D Steve Leith

do not advertise these things that you

told us here I feel like nobody else

knows about this we'll we'll try a

little advertising and see how it goes

congratulations man you have done so

much people love you people look up to

you Kevin PA there financial analyst and

YouTuber meet Kevin always to get your

take