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Gavin Newsom: “The markets matter to [Donald Trump]. It's the one sort of…”

Featuring: Gavin Newsom, Democratic | Governor of California

Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy

Published April 4, 2025 | Video Starts at 07:42

But let's Just go back to a fundamental point and it goes back to just, you know, the person that is Donald Trump. He wants to be loved. The markets matter to [Donald Trump]. It's the one sort of objective scorecard. He's got to see this kind of volatility. I mean, he sort of previewed a little bit of it. (07:42–07:47)

CLAIM

Asserts that the markets are an objective measure of success for Donald Trump.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Gavin Newsom

“Unprecedented tax increases in the United States of America, certainly in PeaceTime, up to 23%.”
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“There were over 400 bipartisan bills.”
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“14 of the top 15 cable shows are all Republican shows.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 49:25-49:30
“Trump 1.0, I mean, obviously, this fixation that he's had for decades, you've Known Trump for quite literally decades, you know, on and off…”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 02:33-02:44
“It's on the issues of tariffs. So to your point, this obviously must have been on the agenda, at least internally, in, in the first…”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 02:51-03:01
“You've seen some of that volatility over the course of the last few months.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 07:51-07:56
“You saw my party that seemed to be defending NAFTA, defending TPP, defending some of those trade deals.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 13:08-13:16
“Not fully appreciating the magnitude of the displacement and the despair in the faces in the heart of so many.”
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“There's a growing recognition of the outsized consequence of the WTO.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 18:32-18:39
“Obama administration inherited a lot of [Wall Street relief policies] and maintained not totally dissimilar policies.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 18:50-19:02
“Foreign leaders have reached directly out to California to express anxiety and concern from a subnational level.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 21:34-22:06
“You're seeing now layoffs. You're seeing announcements from these companies that were supposed to be spending trillions of dollars coming in…”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 26:08-26:22
“Joe Biden and his four years as president was one of the most pro worker presidents in my lifetime.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 31:25-31:33
“He had an industrial policy that was worker centered.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 31:32-31:36
“The ira, the CHIPS and Science act, the bipartisan bills, I mean, there were over 400 bipartisan bills.”
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“The fact we saw actual investments being made again, supporting workers, supporting the heartland.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 31:45-31:53
“Republican Party has been more structurally focused on school boards and legislative races in states large and small.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 35:24-35:37
“Starting to lose this multi ethnic young men in particular across the spectrum.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 36:30-36:37
“I can't tell you how many events I had with both of them in San Francisco as mayor of the city talking about environmental stewardship…”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 43:11-43:24
“That's the Democratic Party you were referencing, that built the middle class, that gave us the weekends, that gave us Medicaid, gave us…”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 47:36-47:45
“Podcasts are dominated by more moderate to conservative to ultra-conservative voices.”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 49:29-49:40
“Every day my state of mind is one is sort of just overwhelmed with all the incoming that, the missives, the messages, the, the letters, the…”
Gavin Newsom and Anthony Scaramucci Discuss Trump's Policies and Democratic Strategy | Uploaded April 4, 2025 | 1:00:46-1:01:00
“This deconstructive state mindset that, that Trump has and, and what 2025 represents.”
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