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RFK Jr. Nomination Sparks Market Downturn and Public Health Concerns | Pivot

November 19, 2024 / 13:54

This episode discusses the stock market's reaction to Donald Trump's cabinet picks, particularly RFK Jr as Health and Human Services Secretary. The conversation covers the implications for vaccine manufacturers and the broader health industry.

Hosts analyze the significant drop in shares of companies like Moderna, Pfizer, and Eli Lilly following RFK Jr's appointment. They express concern over his controversial views on vaccines and processed foods, suggesting that his influence could harm public health.

The episode also touches on the economic impact of obesity and the role of GLP-1 drugs in promoting healthier eating habits. The hosts argue that while RFK Jr raises valid points about food addiction, his anti-vaccine stance overshadows these discussions.

Further, the conversation shifts to the qualifications of other Trump cabinet picks, including concerns about Pete Hegseth's suitability for leadership roles. The hosts debate the implications of these appointments on the political landscape and public trust.

Overall, the episode presents a critical view of Trump's health-related appointments and their potential effects on the market and public health policy.

TLDR

The episode critiques Trump's cabinet picks, focusing on RFK Jr's controversial health views and their market impact.

Episode

13:54
00:00:00
the post-election Trump bump has come to an end with the markets closing lower last Friday in the S&P 500 and NASDAQ
00:00:05
seeing their biggest one-day losses in 2 weeks the downturn is being attributed in part to president-elect Donald Trump
00:00:11
announcing RFK Jr as his health and human services secretary shares of major vaccine uh drug and Drug makers
00:00:18
including Mna fiser and astrazenica tumbled in the wake of the news uh what do you think shares of Eli Linley and
00:00:25
Novo uh Nordisk fell he's against OIC by the way as processed food stocks including PepsiCo Coke and general M
00:00:33
Mills the markets were also reacting to Jerome Powell saying the FED is in no hurry to make further interest rate cuts
00:00:39
um what's your take on this and the pick in general he says he wants to make America healthy again they have to stop
00:00:44
with this make America whatever again um America was never healthy let's start with that RFK Jr um which I loved eating
00:00:52
in McDonald's on the private plane with Trump and Elon Musk it was someone likened it to making the cop take the
00:00:59
drugs just to make sure he's not a cop he's not a cop yeah that was making the new guy do drugs to make sure he's not a
00:01:05
cop he looked such in pain what a [ __ ] [ __ ] he talks about McDonald's being poisoned and then he's
00:01:10
sitting there with one what a dumbass that guy is anyway what do you think of this what do you think of it it's like
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when you're in Vegas and and a pro asks you to show your genitals and make sure you're not a cop I just heard about this
00:01:20
I wouldn't know firsthand but I've heard that happens um big than the twins sure
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anyone wants to see biger than the twins that's fine with me the market has been
00:01:28
remarkably right and I see that as a negative a for looking indicator because modna uh on word that Kennedy would be
00:01:35
head of um HHS um was down 21% yeah fiser down seven Eli Lily I mean this is this is a TENS if not tens
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of billions if not even maybe over a 100 billion in in market value draw down because this guy has a reputation no he
00:01:55
can't fool anybody he is crazy antias antiac with the with the key you know the operative term there being crazy and
00:02:04
it's very disappointed because uh it's very disappointing because what I would argue is that whenever you have the far
00:02:10
left on the far right come together on something it's a really bad [ __ ] idea whether it's Reckless spending
00:02:16
anti-Semitism right that's what happened with him well that's what happens they meet they meet it they come together at
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crazy and actually the antia movement uh originated on the far left you know don't let corporations put yeah don't
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let corporations put crazy [ __ ] into your body and then the far right picked it up because for some reason science
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and experts became associated with the left anyways so this is and I would argue and I think this is there's real
00:02:43
evidence here that everyone is so [ __ ] fascinated by Innovation and chop metal Chopsticks grabbing a rocket
00:02:49
and photo sharing apps and GPS and rightfully so it creates a lot of economic value but if you were going to
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talk about how we come together as a species and use communication and educ education and cooperation to accomplish
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something really incredible the most positive innovation of the last couple hundred years I would put forward is
00:03:09
vaccines and there is nothing that has come out of our great academic institutions that's been privatized it
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has capitalist that has capitalist fuel that also government weighs in and says we can distribute these things in
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low-income areas that have saved more lives than vaccines is it maybe is it food distribution I don't know what
00:03:29
would be or pesticides maybe but these are I mean in my view vaccines kind of arguably some of the best things ever I
00:03:39
am so proax if anyone's holding Edibles or vaccines meet me in the bathroom and I'm going to show you that the only
00:03:45
thing better than feeling high is not feeling unwell he tries to be cute about it and says I have questions and I don't
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think that's the case I think he's done more damage I call him best friend of measles and polio um I think Zeke
00:03:58
Emanuel who's the brother of Ari and and Rah appointing RFK Jr uh to the HHS is a
00:04:04
big mistake while I'll admit he has a few important ideas on chronic disease and process food I mean yeah everybody
00:04:10
we all think processed food sucks these are overshadowed by his problematic views on vaccines that threaten to walk
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back Major progress we've made above all poting people like RFK Jr who will bend
00:04:20
to Trump's every whim is guaranteed to be truly dangerous um I think he's right I think that's 100% right we can agree
00:04:26
with some of the things but this guy is antiva I'm sorry all you people he's not
00:04:31
questioning it he's he's truly antiva and and try to stop pretending it's otherwise um what do you think of the O
00:04:39
the glp drugs the impact on US economies and Global economies I mentioned drug maker noo nordis and Eli Lily saw shares
00:04:48
drop are people going to listen to him here enough to do lasting damage to the industry Kennedy has been critical of
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things like OIC in the past calling it a drug that will quote Gladden the wallets
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of big farm execs and think everyone should rely on eating better produce I guess that's that's his thing which I
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think everyone should eat more produce Robert but seriously seriously the really upsetting thing
00:05:12
about Arcade Jr is that in my view he is so good on a number of issues he talks about the Unholy alliance between the
00:05:20
food industrial complex PepsiCo General Foods you know McDonald's that want to get you addicted let's go meta on this
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so when our species left to Savannah there was an absence there was a dir of sugary salty or fatty foods it was
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really hard to come across these things and so when you found them you gorged there was an absence of safe free play
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because there was always threats everywhere around there was an absence of mating opportunities 80% of women on
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this planet have reproduced only 40% of men so when you get industrial production of all of these things people
00:05:52
develop addictions to food addictions to gambling addictions to porn and what glp1 has done done as far as I can tell
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is it's like scaffolding on our instincts and it says look even though you can find more calories than you can
00:06:07
consume based on industrial production almost anyone can eat as much as they want they can gorge we're going to turn
00:06:13
off that signal and people on these drugs report that they're drinking less alcohol they're biting their nails less
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what's even even more amazing about these things is not only are they eating less shitty food the people on these
00:06:25
drugs are eating more fruits and vegetables and Grains it's as if this thing is is actually calibrating what's good for
00:06:32
you and what is bad for you and when you look at the one thing Americans share other than a Netflix subscription and
00:06:37
Amazon Prime it's that we are 70% of us are either obese or overweight and obesity is the covid or it is the
00:06:47
epidemic that kills more people every year than Co ever did but because there's so much money involved from
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large corporations and Hospital clinics and knee replacement and kidney dialysis
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and statins and pharmaceutical and McDonald's we pretend that you're finding your truth no you're not you're
00:07:02
finding [ __ ] diabetes and he is very good on this issue and then all of a sudden it's like huh what you want to
00:07:10
this [ __ ] that he said repeatedly that the best thing you can do when you see a woman with a newborn has go up to
00:07:17
her and say don't get her vaccinated Jesus Christ really you know her his his cousin uh Carolyn Kennedy who's US
00:07:24
ambassador to Australia I didn't know that um it doesn't tend to speak up said um said a lot of negative things about
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him this we there's a whole story on it um uh she goes others are just getting to know him but she said everything he
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says um I don't think most Americans share them uh he's you know he's denied he's against vaccination just so you
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know styling himself as a vacine safety activist who questions corporate influence on science his critics say
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he's promoted conspiratorial ideas about public health intervention widely viewed
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as one of the most important advances um he's embraced a deunk theory on vaccine
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can cause autism his questioned covid-19 vaccinations he's also been linked to a
00:08:03
meas linked to a measles outbreak in Samoa um and you know she she um Kennedy Carolyn Kennedy the daughter of JFK and
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Jackie Onasis OB said her family was United in terms of our support for public health sector and infrastructure
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the greatest admiration for the medical profession uh and Bobby Kennedy has a different set of views it's very unusual
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for her to speak out his whole family says he's crazy as can be but uh I just hope he comes clean and I'm being
00:08:32
serious here about steroid use U I've seen him without a shirt on he's 70 that guy's on HGH or some sort of or DEA he's
00:08:42
on some sort and by the way I'm not sure I'd love to hear him defend it and talk
00:08:46
about it yeah but he doesn't want a needle around a vaccine to Stave off polio or rubella or measles picture of
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McDonald's was perfect picture of McDonald's was perfect but it'll inject human growth hormone to look jacked at
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70 so I I would and by the way he might have he might have I take creatine and I it's
00:09:04
brain protective and heart protective I'm not hormone replacement therapy I think is uh a they're finding it's a
00:09:11
very positive thing for both men and women a lot of people say that the biggest instance of malpractice was
00:09:16
discouraging women from hormone replacement therapy so I'd love to know his views on it but just be clear as
00:09:22
someone who works out a lot and is being to look like Monty Burns despite every [ __ ] thing I'm trying to do yeah that
00:09:30
guy is on is on some form of steroids and I would can you just say allegedly say allegedly that guy I mean I would
00:09:38
argue I would speculate that he he might be in fact taking some sort of human growth and I would just like to him to
00:09:44
speak openly about it and get his views on it because they seem to be to be somewhat contrary to this notion but
00:09:49
don't put I do think that picture did a lot of damage honestly if he cares so much why with him with the McDonald's
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box the Big Mac how the [ __ ] could he do that after he called it poison like what
00:09:59
a dumbass he's just such a dumbass anyway should investors be worried about these um Trump cabinet picks impacting
00:10:06
markets the stocks of major defense contractors also dropped last week following Pak heg Seth announcement God
00:10:12
The Washington Post wrote a story about him and he looks he he he looks very dangerous as a person um but um why do
00:10:20
you say that I'm curious why I I'm asking for an answer not not as a comment what why do you think he seems
00:10:26
dangerous I was reading the story he looks like look this guy whatever happened in that encounter with this
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woman I think he attacked her this is my this is my feeling Pete every woman looks at him and goes don't cover your
00:10:37
drink when you're around this fella that's you know what I mean that kind of thing and uh between him and Matt Gates
00:10:43
I mean they they feel like weird sexual aggressors um but you know whatever whatever Pete heg said the fact that he
00:10:50
paid off a woman you know it's just like Bill o Ry you know oh you know I just paid her off because he did then then
00:10:57
there were tapes where he did say the things she said he said right so they're just all such weird this this whole gang
00:11:05
of of this GOP are all [ __ ] each other down there at Mara Lago it's weird it's a weird group of people I'm sorry
00:11:12
like you know there's the rumors of Cory lowski and Christy Nome there's the rumors of like they all seem like
00:11:18
Caligula down there I don't know it just like yikes I find you know they talk about liberals being loose I feel like
00:11:25
they're like creepy and I don't they're just and then the guy gradually grab someone's some man's nuts you know it's
00:11:32
always something yeah the the only thing is I would push back a little bit I think it's unfair to conflate Peter Heth
00:11:39
is that his name with Bill O'Reilly where Fox paid some woman 20 or $30 million after supposedly he was forcing
00:11:46
her to watch Gabe porn and then describe it to him you don't pay someone 20 or $30 million just to make a nuisance
00:11:51
lawsuit go away Matt gate supposedly has a witness a credible witness that says she witnessed him having sex with a
00:11:58
minor that's pretty serious [ __ ] yes it is and in the case of uh uh Pete first
00:12:05
off he served very honorably he 20 years I think two bronze Stars I mean he really is a decorated service person got
00:12:14
it he's hold on unqualified for this job let me finish I I think he does not have
00:12:19
kind of the executive management experience or the gravitas around uh that would qualify him to oversee three
00:12:26
million people I agree with you there he he is he did pay somebody off to drop a
00:12:33
suit I don't see I got to think that's going to go away because it doesn't accomplish what it's supposed to you can
00:12:38
see a scenario where someone accuses you of something something and to make it go
00:12:42
away you just pay them let me be clear I don't think he's qualified for the position but I do think it's unfair to
00:12:47
to compare him to um what Matt Gates is undergoing or okay all right I mean the whole gang of them it's just something's
00:12:55
happening down there something in the water I don't know but what do you I'm curious don't understand I think I they
00:13:01
have such go ahead sorry go ahead well I I think I understand incentives what is
00:13:05
the mellian weird 5D or zerod D chess that's going on with putting Gates forward is AG I don't do they think if
00:13:14
they Havoc if they go if they go this guy's if they offer a blood offering and Susan Collins and Lisa marowski convince
00:13:21
some people and supposedly there's 20 or 30 Republicans who've said no [ __ ] way then does it make some of their less
00:13:28
crazy but still grade a crazy picks more likely to get through what what's the what's the strategy I think so unless
00:13:35
there isn't one he just feels like it he was on the plane at the last minute and
00:13:39
did he had another person for AG and then suddenly it was Matt Gates you know I think sometimes it's just like his
00:13:46
whim at the moment he just wants to do what he wants to do

Badges

This episode stands out for the following:

  • 70
    Most controversial
  • 60
    Most intense
  • 60
    Most polarizing

Episode Highlights

  • Trump's Cabinet Picks Impact Markets
    The announcement of RFK Jr. as health secretary leads to significant market losses.
    “The market has been remarkably right and I see that as a negative indicator.”
    @ 01m 26s
    November 19, 2024
  • The Vaccine Debate
    Discussion on RFK Jr.'s controversial views on vaccines and their impact on public health.
    “He's truly anti-vaccine; stop pretending it's otherwise.”
    @ 04m 28s
    November 19, 2024
  • Food Addiction and Health
    Exploration of how industrial food production leads to addictions and health issues.
    “Obesity is the epidemic that kills more people every year than COVID did.”
    @ 06m 47s
    November 19, 2024

Episode Quotes

  • He's not a cop, yeah!
    RFK Jr. Nomination Sparks Market Downturn and Public Health Concerns | Pivot
  • What a dumbass he is anyway!
    RFK Jr. Nomination Sparks Market Downturn and Public Health Concerns | Pivot

Key Moments

  • Market Downturn00:02
  • Trump's Announcement00:11
  • Vaccine Controversy03:37
  • Food Addiction05:50
  • Political Tensions10:06

Tension Over Time

Words per Minute Over Time

Vibes Breakdown