The Fed Cuts Interest Rates and Trump Goes Crypto | Daniel Dae Kim
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When 60 Minutes premiered in September 1968, there was nothing like it. This is 60 Minutes. It's a kind of a magazine for television. Very few have been given access to the treasures in our archives. But that's all about to change. Like none of this stuff gets looked at. That's what's incredible. I'm Seth Doan of CBS News. Listen to 60 Minutes, a second look, wherever you get your podcasts.

You're listening to Comedy Central. From the most trusted journalists at Comedy Central, it's America's only source for news. This is The Daily Show with your host, Ronnie T. Thank you.

Welcome to The Daily Show. I'm your host, Roy Chang. We've got so much to talk about tonight. The Federal Reserve is flexing. Donald Trump has a new side hustle. And celebrities are telling me who to vote for. Why don't you shut up, Big Bird? Let's get into the headlines.

Let's start with the big news. If there's one issue that voters say is the most important to them in this election, it's the economy. It's the top of the list. Right above crime, health care, and Haitian immigrants are eating my grandmother. Oh, wait, sorry, she's just outside gardening. My bad, my bad. But today, the Federal Reserve told all the people bitching about the economy to shut the f*** up. This is CNN Breaking News.

We do have breaking news just into CNN. The Federal Reserve making its announcement on interest rate cuts. The Fed just delivered its first interest rate cut since COVID, and it is a big one, half a percentage point. Oh, my God, that's huge. I assume from the way he said it.

I mean, I guess this is a big deal. Lowest interest rates mean lower car payments, credit card payments, and of course, cheaper home loans. So you know that house you couldn't afford? Well, a half-point decrease means that now you can afford a bus ticket to drive past.

American dream alive. But who cares about the Federal Reserve? What about those of us outside the system? Us rebels who don't keep our money in social constructs like banks so we don't have to pay taxes. Well, you're in luck, my friend, because the last real American has just announced a new investment opportunity that's going to make your wallet blow up like a Hezbollah pager.

In the crypto space, Donald Trump has officially rolled out World Liberty Financial, a crypto venture that will sell tokens to wealthy investors. All this just one day after an apparent assassination attempt on his life. Yes, having a near-death experience has made Trump focus on what truly matters in life.

selling crypto. And this is great news. Donald Trump, the world's most trustworthy businessman, is now in crypto, the world's most trustworthy business. And what could make this deal better than Trump?

How about more Trumps? Also involved in the crypto venture are Donald Trump's sons, Donald Trump Jr., Eric Trump, and even 18-year-old Barron Trump, whose official title is DeFi visionary. Holy shit, they got four Trumps now! I mean, forget Nepo babies, that's the whole Nepo nursery. Look, I'm 100% in this, okay? Shut up and take my money. I just have a few questions, like, how does this work and what is it?

So this new Trump-backed business called World Liberty Financial yet released key details about its finances or exact purpose. Its website, though, prominently features photos of Trump and touts a digital currency, kind of like Bitcoin, but the value of that currency would be pegged to the U.S. dollar. World Liberty Financial announced it will sell tokens to accredited investors. Those won't be transferable or earn a yield, but they will allow holders to vote on the company's future. Users can transact directly with each other without

the middleman of a bank, and everything is going to occur on the blockchain, and that's essentially a public digital letter. I'm in. I'm just not sure what I'm in. It's a little confusing. So maybe we could, I don't know, do that thing from the big short and have Margot Robbie explain this Trump business to us in a bathtub? It's a scam. Oh. What? Yeah, yeah. I...

I see it now. But still, I mean, that's just one person's opinion. Is there anyone else who's an expert on scams? Who's had some thoughts a few years ago on crypto? - Bitcoin, it just seems like a scam. - Quote, "I am not a fan of Bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air." - Okay, pretty persuasive, but I think I'm gonna need to see him say that in a bathtub naked.

There you go. There you go. Now I know it's a scam and I'm turned on. I'm sorry, guys. I really thought this was a sure thing. But of course, Donald Trump doesn't know anything about crypto. Now, if he had some actual financial experts who are running the company for him, that would be a different story.

One of the dealmakers behind World Liberty Financial is Chase Hero, who previously sold colon cleansers online after serving time in prison for dealing marijuana. Wow, Trump's partner in this is a weed dealer turned prisoner turned colon cleanse marketer? I mean, clearly he understands the concepts of diversifying your portfolio. I mean, maybe I can trust this thing.

But is there anything Chase Hero said that makes it clear he understands how the crypto business works? You can literally sell sh** in a can, wrapped in piss, covered in human skin for a billion dollars if the story's right. Because people will buy it and that is what is going on in the crypto space. And like I said in my other video, I'm not going to question the right and wrong of all that. All I'm saying is as a human being, you have the ability to make a f*** ton of money right now.

So the guy running Trump's crypto company says crypto is basically, and I quote, "A can of shit wrapped in piss that you can sell to idiots." I mean, that is crazy. I did not know you could wrap something in piss. That's a liquid. This guy's a genius. I can't wait to give him my money. I just wish there was just one more guy who could lend his credibility to this company.

Rural Liberty Financial also has Chase Heroes longtime partner Zachary Folkman, a former pickup artist who under the name Zach Bauer founded a company called Date Hotter Girls. How many guys came here to learn how to take girls home and bang them? Finally, the answer to the question, what if Jesus had herpes? So to sum it up,

I could not be more excited to trust my kid's insulin money with these three guys. Donald Trump, a shit-in-a-can salesman, and Timu Russell Brand. But the question is, is this investment right for you? Only you can answer that. But I must say, I found their new ad very persuasive.

Attention Donald Trump fans, introducing World Liberty Financial, the president's latest venture. How does it work? Well, using the blockchain, we mint a crypto coin, or we exchange other crypto coins, or maybe we platform the DeFi blah blah blah. Look, we don't know what this is yet, but you know the deal. Trump's name is on it, so you buy it, okay? Crypto is a complex intersection of finance and technology, and we don't know shit about it either. But what we do know is, you like Trump.

Trump like money. You give Trump money. Don't act like you need to do your due diligence here. Oh, let me read the prospectus and make sure this is a sound financial decision. F***.

F*** you. Pay us. Oh, you want a chart? Fine, here's a chart. This is you giving money to Trump. You comprehending all this, Warren Buffett? I'm sorry, but we have less than 50 days to the election to cram in all the cash grabs we can, so we don't have time for a bunch of questions like, are we insured by the FDIC? Are you kidding me? The only FDIC here is you, the f***.

This is a grift.

You are the mark. Ignore that. Or don't. You're going to fall for it. World Liberty Financial. Trump crypto, blockchain, blah, blah, blah. Money, please. When we come back, we find out the celebrity endorsement that will decide the election, so don't go away.

Did you know Tide has been upgraded to provide an even better clean in cold water? Tide is specifically designed to fight any stain you throw at it, even in cold. Butter? Yep. Chocolate ice cream? Sure thing. Barbecue sauce? Tide's got you covered. You don't need to use warm water. Additionally, Tide Pods let you confidently fight tough stains with new Coldzyme technology. Just remember, if

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Ooh, but not so much of that. Sign up at WorkMoney. Get money-saving tips. Skip the rent. Get more rich. Sign up at WorkMoney.org slash MoreRichContest for your chance to win $50,000. It's time for a brand new season of Survivor. And you know what that means. It means it's also a brand new season of the only official Survivor podcast on fire. Here's our goal with this podcast. We bring you inside the how and the why.

of what we do on the show. And we do it from three different points of view. You have the producer in me. You have the fan in Jay, who also happens to be our executive producer for this podcast. And then we bring you the insight from a former player. And this season, it is Survivor 46 runner-up, Charlie Davis. Welcome to the team, Charlie. Well, Jeff, I know firsthand that playing from the couch...

and playing on the island, completely different. So I hope you tune in every single week. We're going to dissect the strategy, the misfires and mistakes that change the game. If you want more Survivor than just 90 minutes, this is where you get it. On Fire, the only official Survivor podcast. Listen to On Fire, the official Survivor podcast, wherever you get your podcasts.

Welcome back to The Daily Show. A week after Taylor Swift endorsed Kamala Harris, the vice president has picked up another pop star endorsement. Billie Eilish is now Team Kamala. I can't wait to see, yeah. I can't wait to see how Trump spells Billie Eilish when he tweets about how much he hates her. And if you're saying, hey, what's with all the pop girlies? Where are all the endorsements for us dudes? Well, Josh Johnson was wondering that too.

Taylor Swift's endorsement of Kamala Harris was a boom for her campaign with women. But a lot of people say she still needs to do better with men. So I'm here outside one of the bastions of masculinity, a gym.

to talk to real men about which celebrity endorsement would move the needle for them. Hopefully, I don't get mistaken for Terry Crews. What celebrity endorsement carries the weight for you that like a Taylor Swift would carry for women? - Do they have to be alive or? - Alive would help. Alive is probably one of the most important things that they could be. - 'Cause the first thing I'd say was Prince. - If Prince came back from the dead and was like my man,

- You gotta vote for Kamala. Would that move the needle for you? - Absolutely. - Okay. - I don't know why. - Why? 'Cause you just saw a ghost?

What about some non-paranormal endorsements? Is there a male celebrity that would make you vote for Kamala Harris? Kendrick Lamar. Maybe LeBron. He's a big guy. I feel like LeBron can move the needle a little bit. Okay. Probably Travis Scott. Travis Scott. Those celebs were so 2024. How about some throwbacks? I would say Peyton Manning. Peyton Manning. Deion Sanders. Deion Sanders. Yeah, Deion Sanders. And Celine Dion.

That's my girl, you know what I mean? Celine Dion. Yes. So everyone that you've mentioned. Yes. And Celine Dion. Yes. And it doesn't matter to you that she's Canadian. No, it doesn't matter. So what male celebrity endorsement would move the needle for you?

- I like Michael Jai White. - Michael Jai White, okay. - Yeah, yeah, yeah, yeah. - All right, and why is that? - He works out, I work out, you know. I don't have to sit down and like really think for myself. - Look at the issues, look at the candidates, and then maybe of Michael Jai White. - Maybe, we gotta sit down together and chit chat.

All right. I feel like you're just trying to beat Michael John White now. No, no, no, no, no, no. Sure, he's tough. He's talented. He got killed by the Joker. I get it. But maybe I could prove to these swole voters that they could look to me for political guidance. There we go. Men. So, when it comes to bench press, right now, I'm hitting, like, a clean 125. Okay. That's pretty good, right? Fantastic. Really? Yeah. Oh, okay. That's...

That's good news for me. Are there any male celebrities, right? And we don't have to talk about A-list. They could be in front of you right now in this moment whose opinion means something to you.

By a long pause. Clearly, he was intimidated by meeting such a famous and yoked celebrity, IRL. So I decided to change the subject to the candidates. What do you think Kamala Harris would have to do to appeal to more men? If she agreed to a boxing match with Logan Paul, what do you think that would do? Would that move the needle for her? I think if she knocks him out, no doubt. Wow, okay. Knock him out cold.

Drag him out the ring. All right. President. Round after round, he kept coming back to the same question about masculinity. Like, is Trump like a man's man to you? No, he's not. Not really? He's not an honest person. Gotcha. And that's a big part of being a man to me, is being vulnerable, admitting your mistakes. So if I'm vulnerable with you right now, that's manly? Yeah. Okay.

I may have fibbed earlier with the 125. It's really 115. It's okay. I knew. You knew? Now, does Trump seem manly to you when you think about, like, a man's man? I'm being honest. The reason why I respect what he says sometimes, because he speak his mind. So for you, it's speaking your mind that's, like, the manly thing that you like. Yeah, because he tell you straight up. You know what I mean? Yeah. So you like that Trump lets you know from far away. From far away. Hey.

I'm crazy. Yeah. At the end of the day, it seemed like the only way to get some men to vote for Kamala might be to trick them into it. What if they put a 45-pound kettlebell on the lever to vote for Kamala Harris? Do you think more guys would do it? What would do it? Yeah. Put a sign that says, like, try and pull this. You know what I mean? Oh. Don't even tell them the way. Just be like, I bet you can't. There you go. Yeah. Bet you can't. Okay. Okay.

Bet you can't. That should be the slogan. Kamala, bet you can't. I bet you can't. I mean, it might, if you don't understand the context, look pretty bad. Just say Kamala Harris, bet you can't. That made backfire. Thank you, Josh. When we come back, my good friend Daniel A. Kim will be joining me on the show, so don't go away.

Did you know Tide has been upgraded to provide an even better clean in cold water? Tide is specifically designed to fight any stain you throw at it, even in cold. Butter? Yep. Chocolate ice cream? Sure thing. Barbecue sauce? Tide's got you covered. You don't need to use warm water. Additionally, Tide Pods let you confidently fight tough stains with new Coldzyme technology. Just remember, if it's gotta be clean, it's gotta be Tide.

It's time for a brand new season of Survivor. And you know what that means. It means it's also a brand new season of the only official Survivor podcast on fire. Here's our goal with this podcast. We bring you inside the how and the why of what we do on the show. And we do it from three different points of view. You have the producer in me. You have the fan in Jay, who also happens to be our executive producer in this podcast. And you have the producer in me.

And then we bring you the insight from a former player, and this season it is Survivor 46 runner-up, Charlie Davis. Welcome to the team, Charlie. Well, Jeff, I know firsthand that playing from the couch and playing on the island, completely different. So I hope you tune in every single week. We're going to dissect the strategy, the misfires and mistakes that change the game. If you want more Survivor than just 90 minutes, this is where you get it. On Fire, the only official Survivor podcast.

Listen to On Fire, the official Survivor podcast, wherever you get your podcasts. Welcome back to The Daily Show. My guest tonight is an actor who stars in the new Broadway play Yellow Face. Please welcome my good friend, Daniel Day-Kin. Wow, what a warm house. Yeah. Everybody loves you, man. You're the man. Well, everyone loves Ronnie. Who doesn't love Ronnie Chang? I don't know about that. What?

They're forcing it. They're forcing it. So, yeah, you, one of those guys who's become so rich and famous, you have to do Broadway now to get your kicks. Yeah, that's it. I'm slumming it in theater, right? Because you came from theater. I did, yeah. I started my training here in New York and went to drama school here at NYU and

That's where, oh yeah, NYU. Look at that. And so, yeah, I did theater for a number of years before heading out to LA. Right, and so was that your, that was where you learned your craft and you would run around town just being a theater kid in New York City? Yeah, whatever little I know, I learned here. Yeah, I don't know about little, but definitely, I wish we all could learn as little as you learned. And what is this play about?

So it's a semi-autobiographical play. I don't know if you know the playwright David Henry Hwang. Yeah, the legend. Legendary David Henry Hwang. That's right. Yeah.

We wrote a play called "M. Butterfly" that ended up winning a Tony. And at the time, in the late '80s, there was a play called "Miss Saigon" that came to the US. And that play was famous because it was a white actor playing an Asian role with taped up eyelids and all that kind of stuff. As they should. That's right. That's right. And that's what the play is about.

No. That kind of is what it's about. It kind of is. So he ended up protesting that. David Henry Huang ended up protesting. David Henry Huang, yeah. So he ended up protesting that and then ended up, this play is about him writing a play where he actually, for his next play, it's a little bit meta, he ends up mistakenly hiring a white actor to play an Asian lead in his own play.

And so that's what this show is about. And I play David Henry Huang. Sure. And that actually is based on a true story, right? Yeah. So, so much of this play is actually based on true events. The Miss Saigon stuff and, you know, he actually wrote a play called Face Value right after that, which was based on Miss Saigon. And that play, the story of the casting of that play is in this play. Okay, so this is like Inception. This is...

It's play Inception, and I guess you just get attracted to extremely convoluted plot lines. I lost, and everybody's like this. That's right. And the idea, one of the main themes of the play is the idea of whether or not people of different races can play other races as actors. Yeah. So if we go to the source of the Inception, the genesis of it was Jonathan Pryce's

playing a half-Asian man in "Miss Saigon." - That's right. - And that's what caused the initial-- and David Henry Hwang, being an Asian-American activist, kind of spoke out about it. - Yeah. - And then he accidentally casted a white guy to play him. - Yeah. - Because-- but I guess, what is your stance on that as a actor, a respected actor in the theater community? - Well, I think it requires a lot of thought, whatever you decide to do. And I think part of the reason there was so much controversy around it

then and now is because it was just assumed that, uh, people of color were, would not be able to play themselves and that it was okay for people who were not African-American say to be, to put on blackface and then, you know, pretend to be African-American. And it's the same thing with Asian-Americans. Um, but you know, we're in a situation now where, uh,

There's so many great Asian American performers, you being among them. - Don't please do your film. I don't know about that.

There is absolutely no reason why Asian performers should not be playing Asian characters. Now, you know, I think the thing that gets a little bit more nuanced now is whether we should be nationality specific among Asian Americans. And that is an interesting question, too. Like, should people of Japanese descent only be able to play people, characters who are Japanese? Or even more nuanced, should they be able to play Japanese American characters who have no connection to being Japanese?

Japanese nationals. So these are really interesting questions and one's worth exploring. - Yeah, and as president of all actors, what is the answer? Can we play it or not? - Well, honestly, like I have an opinion about it and it's kind of a hot take, but-- - Go for it. That's how we get our clicks. Let's go, zoom in. - Here's what I think. No, I think that we shouldn't be limited

to playing people of our own nationality, because,

You know, I always think about the eight-year-old who's watching TV. Can an eight-year-old or ten-year-old watching TV tell that I'm not Japanese or you're not Chinese? Or, you know, if they cannot. And there are a couple of criteria that I actually think about. Is this character historically based? Is there is there a cultural significance to a particular country in the character that's being played?

Or is there a language requirement that requires a level of authenticity? Or is it based on a real character that is of that ethnicity? If those things are in place, I do think it's really important that the actor be of that same nationality, of that same specific ethnic origin. But if not...

and we're talking especially about Asian Americans, then I think it's perfectly fine for someone who's not, say, Korean to play a Korean American. Because if we're just playing Americans, that's the emphasis, right? Because, you know, we're not talking about people of specific countries and those specific things. So, for example, someone who looks like me, why can't I play an extremely good-looking person? Well...

You know? Why should I be limited? - That's a different conversation. - Yeah. - Yeah, and so, you know, you've been in show business for like almost 85 years now. - Something. - So like what, based on your, you know, I hate to ask the generic questions, but like, you actually have the authority and perspective to talk about this. So what, how have you felt the industry's changed since when you first started, when you were running around Hell's Kitchen?

Back in the old days. Running around with Charlie Chaplin. That's right. When movies just started getting sound. You know, we've made a lot of progress. We really have. Like when I first started in this industry, there was a common misunderstanding that Asians were not funny.

Like, back in the '90s, people thought, "Oh, Asian people are not funny," but there are no Asian comedians out there. And it took people like Margaret Cho, Ken Jeong, and you, and Jimmy O. Yang, and so many others, just to show that, yeah, we've always been out there. We just haven't been seen that way.

You know, so we had that misperception. You know, there have been a lot of stereotypes that we've worked under for a long time. But we're breaking through them. The fact that you're here right now hosting this show is a big breakthrough. You know, it's true. Yeah, it's true.

What can I say? I'm making history with every dick joke. And Bowen Yang on SNL, for instance. Like, first Asian-American cast member. Well, yeah, that's the context in which I know you. You've always been very supportive. When I first met you at the Comedy Cellar, you were always very cool to the new guys. And so I really appreciate you being a mentor and showing us the ropes and looking out for us and all that. So thank you to yourself and the OGs. Thank you.

And, you know, this one play was actually Yellowface was already, it's been mounted before in 2007, right? So this is like a re-mounting of the play. So do you feel like it's, is it just as, do you feel the relevant, the context of it is different now? Yeah. Like it was first put on in 2007. Yeah, that's right. And now in 2024 now. Yeah, and I actually think it's as relevant, if not more so, because the stuff,

David was talking about and trying to address in 2007 wasn't really topical then. He was actually ahead of the curve in talking about things like, you know, ethnic authentic casting. You know, people now kind of see like, well, of course that's what we should be doing. But back then, they didn't think that.

So now in the wake of George Floyd and BLM and, you know, Stop Asian Hate, there is more of an awareness of, you know, what's appropriate culturally and what we should be trying to aspire to. And so what's crazy about this show is that there are a lot of real life figures, very prominent people like Dick Cavett and Frank Rich. Oh, who appear as characters. Yeah. And during the time when David was protesting, they were on the other side of the issue. Right.

they were supporting yellow face casting. But now they've all changed their minds and said, you know what, we've evolved on the subject and they're a direct barometer of how far we've come. It's a great testament to all of them that they're willing to be in this play and say, yeah, we made the wrong call on that one. And anything you want to say to Jonathan Pryce?

Whatever his name, for putting tape on his eyes, or you want to call him my brother? Well, I will say, this is a direct quote from the play, Jonathan, Mr. Price is an excellent actor. Okay, wait, what? Enough to play Asian. A white guy, straight up British white guy playing Asian. But I feel bad for him, too, because he was doing what he thought was right at the time. Which is put tape on your eyes and play Asian. But I think if you were to ask him to... Who amongst us hasn't tried to do that one?

I'm doing it right now. - Well, yeah, thanks so much. You know, I could talk to you for hours, but you got the play to actually do. We're taping this before the play. - That's right. - Mr. Daniel Dae Kim, very gracious, one of the greatest actors of all the generation. The sharpest cheekbones on television. We're appreciative. - The Broadway production of "Yellow Face" is currently in previews and will open October 1st at the Todd Haynes Theater.

- Down with A. Kim, everybody. We'll be right back after this.

Did you know Tide has been upgraded to provide an even better clean in cold water? Tide is specifically designed to fight any stain you throw at it, even in cold. Butter? Yep. Chocolate ice cream? Sure thing. Barbecue sauce? Tide's got you covered. You don't need to use warm water. Additionally, Tide Pods let you confidently fight tough stains with new Coldzyme technology. Just remember, if it's gotta be clean, it's gotta be Tide.

It's time for a brand new season of Survivor. And you know what that means. It means it's also a brand new season of the only official Survivor podcast on fire. Here's our goal with this podcast. We bring you inside the how and the why.

of what we do on the show. And we do it from three different points of view. You have the producer in me. You have the fan in Jay, who also happens to be our executive producer of this podcast. And then we bring you the insight from a former player. And this season, it is Survivor 46 runner-up, Charlie Davis. Welcome to the team, Charlie. Well, Jeff, I know firsthand that playing from the couch and playing on the island...

completely different. So I hope you tune in every single week. We're going to dissect the strategy, the misfires and mistakes that change the game. If you want more Survivor than just 90 minutes, this is where you get it. On Fire, the only official Survivor podcast. Listen to On Fire, the official Survivor podcast wherever you get your podcasts. Hey, that's us over tonight. Now here it is, your moment of zen.

So, Americans have had enough of Kamala Harris's tongue twisters. Their pocketbooks see straight through all of her crooked lies. So, she's claiming to be a friend to small business, but prices are, let's see if it works. Oh, well, gosh. Okay. Spinning out of control. All right? I tried. I really tried.

Explore more shows from the Daily Show podcast universe by searching The Daily Show, wherever you get your podcasts. Watch The Daily Show weeknights at 11, 10 Central on Comedy Central, and stream full episodes anytime on Paramount+. Paramount Podcasts.

Welcome to the Cooper residence. Cooper McAllister. I'm surprised you put my name first. Come on in. From the brains behind the Big Bang Theory and Young Sheldon, CBS is excited to welcome back some beloved, familiar folks. I am so glad that you and Cece are here. And Georgie. Atta girl. It's a whole new chapter. Georgie and Mandy's first marriage premieres CBS Thursday, 8, 7 central and streaming on Paramount+.

Did you know Tide has been upgraded to provide an even better clean in cold water? Tide is specifically designed to fight any stain you throw at it, even in cold. Butter? Yep. Chocolate ice cream? Sure thing. Barbecue sauce? Tide's got you covered. You don't need to use warm water. Additionally, Tide Pods let you confidently fight tough stains with new Coldzyme technology. Just remember, if it's gotta be clean, it's gotta be Tide.

When 60 Minutes premiered in September 1968, there was nothing like it. This is 60 Minutes. It's a kind of a magazine for television. Very few have been given access to the treasures in our archives. But that's all about to change. Like none of this stuff gets looked at. That's what's incredible. I'm Seth Doan of CBS News. Listen to 60 Minutes, a second look on Apple Podcasts.