The Rich Zeoli Show- Full Show (04/07/2025):

3:05pm- In response to the Trump Administration’s reciprocal tariff, the S&P 500 fell nearly 1% on Monday—and is now down 14% over the last three days of trading. It has lost more than $5 trillion in value since the beginning of last week. Meanwhile, the Dow Jones Industrial Average has declined by more than 20% from its recent high, entering correction territory.

3:30pm- On Monday, President Donald Trump met with Israeli Prime Minister Benjamin Netanyahu in the Oval Office. During the meeting Trump answered numerous questions from the press—many regarding tariffs and the U.S. economy. Netanyahu pledged to eliminate the trade deficit between the U.S. and Israel and reduce tariffs on U.S. imports to 0%.

3:50pm- China has vowed to place an additional 34% tariff on U.S. imported goods—matching the tariffs the Trump Administration announced against Chinese-made products. In a post to Truth Social, Trump warned that if China retaliates, he will impose an additional 50% tariff on their goods effective on April 9th. Trump continued: “Negotiations with other countries, which have also requested meetings, will begin taking place immediately.”

4:00pm- On Monday, President Donald Trump met with Israeli Prime Minister Benjamin Netanyahu in the Oval Office. During the meeting Trump answered numerous questions from the press—many regarding tariffs and the U.S. economy. Netanyahu pledged to eliminate the trade deficit between the U.S. and Israel and reduce tariffs on U.S. imports to 0%.

4:30pm- Bill D’Agostino—Senior Research Analyst at Media Research Center—joins The Rich Zeoli Show to break down some of the best (and worst) clips from corporate media. Chief Justice John Roberts temporarily blocked a district court order demanding the return of a man the Trump Administration sent to an El Salvadorian prison. The deported man was in the U.S. illegally and, according to the administration, is a member of the gang MS-13. D’Agostino points out, however, that corporate media continually has continually referred to the deportee as “a Maryland father”—as if he had been randomly selected for removal!

5:05pm- Phil Kerpen—President of American Commitment—joins The Rich Zeoli Show to discuss the 2017 Trump tax cuts which will expire at the end of the year. Kerpen explains it is urgent the House and Senate agree on language to make those cuts permanent, especially with the economic uncertainty surrounding the Trump Administration’s reciprocal tariffs.

5:30pm- While appearing on Fox News Sunday with Shannon Bream, U.S. Attorney General Pam Bondi said there is a “constitutional crisis”—pointing out that “since January 20th, we’ve had over 170 lawsuits filed against” the Trump Administration. Notably, Chief Justice John Roberts temporarily blocked a district court order demanding the return of a man the Trump Administration sent to an El Salvadorian prison. Meanwhile, New York Attorney General Letitia James told a crowd that she will use the law as a “sword” to go after President Donald Trump.

6:05pm- On Monday, President Donald Trump met with Israeli Prime Minister Benjamin Netanyahu in the Oval Office. During the meeting Trump answered numerous questions from the press—many regarding tariffs and the U.S. economy. Netanyahu pledged to eliminate the trade deficit between the U.S. and Israel and reduce tariffs on U.S. imports to 0%. Similarly, Vietnam has pledged to reduce its tariffs to zero—however, while appearing on CNBC’s Squawk Box, White House Trade Advisor Peter Navarro said it was “a small first start” and insisted the nation must also end trade “cheating.” During the interview, Navarro specifically mentioned Chinese products routed through Vietnam to avoid paying additional fees.

6:10pm- In response to the Trump Administration’s reciprocal tariffs and the stock market’s reaction, Goldman Sachs is now placing the likelihood of a recession at 45%. Treasury Secretary Scott Bessent has do ...