Latest / Best of Business / Jonathan Kearsley: US correspondent on Donald Trump delivering his first Congress address of his second term

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Jonathan Kearsley: US correspondent on Donald Trump delivering his first Congress address of his second term · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks. It'd be
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  Speaker 1: follow this and our wide range of podcasts now on iHeartRadio.
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  Speaker 1: International Correspondence with ins and Eye Insurance, Peace of Mind
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  Speaker 1: for New Zealand Business.
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  Speaker 2: Twenty two to five. So Trump speaks to Congress. He
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  Speaker 2: has had a crack at Democrats who were not clapping
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  Speaker 2: for him, and.
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  Speaker 3: Once again I look at the Democrats in front of me,
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  Speaker 3: and I realize there is absolutely nothing I can say
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  Speaker 3: to make them happy, or to make them stand or
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  Speaker 3: smile or applaud Nothing I can do. I could find
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  Speaker 3: a cure to the most devastating disease, a disease that
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  Speaker 3: would wipe out entire nations, or announce the answers to
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  Speaker 3: the greatest economy and history.
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  Speaker 2: He's still going right now. Jonathan Kisley is a US
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  Speaker 2: correspondent with US. Jonathan, Welcome to the show.
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  Speaker 4: Ryan that good afternoon, and good afternoon to all the
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  Speaker 4: listeners across News Talk.
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  Speaker 2: How's the speech going.
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  Speaker 4: Yeah, we're probably what an hour and a half into
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  Speaker 4: it now, and he's still going. This is the American
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  Speaker 4: President doing what he loves to do best, and that
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  Speaker 4: his talk on television in primetime. This is normally called
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  Speaker 4: a State of the Union address in a year when
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  Speaker 4: there's inauguration, it's not. It's referred to as an address
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  Speaker 4: to Congress. Largely, so far, it's been focused on domestic issues.
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  Speaker 4: He's talked about immigration, He's talked about issues at the border.
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  Speaker 4: He's talked about reducing gang crime. He's talked about targeting
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  Speaker 4: Mexican cartels. He's spoken about those tariffs that you mentioned
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  Speaker 4: earlier and said that the reciprocal tariffs that he had
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  Speaker 4: planned will come into effect on April two. We've just
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  Speaker 4: heard him in the last sixty seconds announced plans for
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  Speaker 4: what he's calling a Golden Dome that is essentially what
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  Speaker 4: he says would be a state of the art dome
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  Speaker 4: missile defense system to protect the United States of America. So,
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  Speaker 4: after some what are we are now eighteen minutes? I
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  Speaker 4: think now he is now shifting into sort of some
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  Speaker 4: sort of foreign policy domestic security realm. So it's taken
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  Speaker 4: him some time to get there. There's going to be
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  Speaker 4: a significant amount of attention to what he says about Ukraine,
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  Speaker 4: given the bust up he had with Voladimir Zelenski in
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  Speaker 4: the Oval Office on Friday, US time Saturday in New Zealand.
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  Speaker 4: Time and plenty more about what is going to happen
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  Speaker 4: with the state of that mineral Still, what is going
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  Speaker 4: to happen with the state of his plan to push
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  Speaker 4: for peace between Ukraine and Russia. So there's still a
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  Speaker 4: little bit more on this to one fold from the
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  Speaker 4: American President, but so far he's largely had a very
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  Speaker 4: much domestic front in front of a domestic audience inside
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  Speaker 4: the Capitol Building in Washington, DC.
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  Speaker 2: Jonathan on the trade war, has he mentioned anything about
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  Speaker 2: the stock market's reaction so far because he doesn't like
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  Speaker 2: it when the markets go down, right.
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  Speaker 4: Well, he's arguably more an astute watcher of the stock
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  Speaker 4: markets in America than any American president before him. Remember
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  Speaker 4: when he first announced that tariffs were going to come in,
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  Speaker 4: the stock markets plummeted and with ours. He halted his
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  Speaker 4: call and said, no, let's hit pause on this for
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  Speaker 4: a month and wait and see. So now that month
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  Speaker 4: has effectively come in and we've seen the tariffs coming.
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  Speaker 4: There's been no mention of the stock market, unsurprisingly from
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  Speaker 4: the American President tonight, but a lot of talk still
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  Speaker 4: about tariffs. He says, essentially, the tariffs are a way
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  Speaker 4: forward that tariffs will have an impact. He says that
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  Speaker 4: there is going to be a little bit of discomfort,
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  Speaker 4: So that's sort of paraphrasing him a little bit to
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  Speaker 4: come before he says that America will grow. He's talking
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  Speaker 4: about wanting to see car manufacturers come back to the
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  Speaker 4: United States of America and to make cars. But at
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  Speaker 4: the moment, the way the tariff system works is that
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  Speaker 4: there are parts coming from all over the place. Essentially,
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  Speaker 4: things go back and forward across borders multiple times, and
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  Speaker 4: if these tariffs are imposed, well, then ultimately that's going
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  Speaker 4: to make making that car more expensive, and that's going
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  Speaker 4: to make it more expensive for the consumer too. We
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  Speaker 4: did hear from Commerce Secretary Howard Lutnik earlier today who
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  Speaker 4: suggested there might be some sort of compromise from the
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  Speaker 4: president to come tomorrow. So will there be, Well, let's
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  Speaker 4: just wait and see, because everybody other than those closest
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  Speaker 4: to the president the President himself, are essentially saying a
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  Speaker 4: trade war is not good for the United States of America,
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  Speaker 4: it's not good for the global economy, and it's not
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  Speaker 4: good for the American consumers who voted Donald Trump in
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  Speaker 4: who were still dealing with domestic issues, on higher prices
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  Speaker 4: on everyday goods, including you know, basic supplies such as eggs.
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  Speaker 2: Yeah, well, which have shot through the roof, haven't they? Jonathan,
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  Speaker 2: thank you for that hard to get an omelet. Jonathan Kearsley,
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  Speaker 2: a US correspondent with US Time, as seventeen away from
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  Speaker 2: five Brian Bridge. So Trump will just bring you some
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  Speaker 2: more from his speech to Congress. As Jonathan said, he
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  Speaker 2: is still going, but there was a lot of To
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  Speaker 2: be honest with you, when I was watching this this afternoon,
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  Speaker 2: I thought, man, that is a sign of how divided
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  Speaker 2: the United the supposedly States of America are. Have a
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  Speaker 2: listen to some of the reaction to the speech, and
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  Speaker 2: then some of the reaction of the reaction.
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  Speaker 3: By big numbers and one counties in our country and
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  Speaker 3: one counties in our country in two thousand, seven hundred.
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  Speaker 1: To five twenty five.
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  Speaker 3: What a map that reads almost completely read for Republican.
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  Speaker 2: Yeah, it sounds a little more like a Serbian parliament,
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  Speaker 2: to be honest with you, not the United States of
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  Speaker 2: America that we know and love. Sixteen minutes away from
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  Speaker 2: five on news TALKSB I'll tell you what the Reserve
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  Speaker 2: Bank has just called a press conference for after five o'clock.
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  Speaker 2: We'll have more on that shortly, plus Barry Soaper next.
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