CNBC's Joe Kernen mocks media “hyperventilating” about turmoil caused by Trump's policies
Kernen: “Near term, that's going to cause pain”
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From the March 4, 2025, edition of CNBC's Squawk Box
JOE KERNEN (CO-HOST): I don't know how long he's going to, you know hear the mainstream media just hyperventilating about a one-and-three-quarter point move in the S&P. We were up 600.
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KERNEN: Well, it's also you want to do these things to try and get — look, you want to try and get the border secure. That's going to be some near-term pain. You're going to see on the nightly news every night, you know, they're — you're going to hear that schools are — people are coming to schools to take parents away from. You're going to hear that. You try and get the trade imbalances in order. Near term, that's going to cause pain. You try and shrink the size of the federal government. Look what goes on there. I mean, the hyperventilating that goes on with — you do any of that stuff, near term, and you're going to — I mean, look at Drudge on any given day. I mean, the world is literally ending. How long, and I don't — don't look at Drudge, actually. But if you happen to by accident hit it up. It's just, I mean, he gets the bruise on his hand and he's going to be, you know, they're just so ridiculous at this point. I don't know what happened to that whole outfit. But we'll see how long this goes.
He's not, you know, there's a midterm coming in two years. Nobody, I don't think any Republican wants to get shellacked in the midterm, but he's not running again. And, this may be the time where he — you know, all he cares about is the stock market going up, and inflation being low, and interest rates coming down. I think eventually it will affect some of his thinking, but maybe not right away.