Charles Payne Dunks On Market ‘Experts’ Who He Says ‘Exaggerated’ Gloomy Predictions About Trump’s Tariffs

Fox Business host Charles Payne opened his Wednesday show by spending nearly four minutes roasting “experts” over “exaggerated” predictions of economic gloom.

President Donald Trump announced a 90-day pause on reciprocal tariffs via an April 9 post on Truth Social that also announced substantial increases on tariffs on Chinese exports to the United States, a week after he initially unveiled the duties on imports. Payne’s comments came as corporate earnings came in, beating expectations, with the “Making Money” host focusing primarily on Boeing. (RELATED: ‘Is Our Patriotism Tied To Wall Street’: Charles Payne Rips Media For Ignoring Blue Collar Workers In Tariff Coverage)

“The stock market marching higher, and many on the street are going to have to regroup. I’m talking about the experts, folks. Remember, most firms spent the last month lowering their targets and most of the pundits have ridiculed retail investors for buying the dip,” Payne said. “Look at all that buying that the retail crowd has been doing, but at what point will the experts buy in or sit on the sidelines and sort of root for failure, right? Of course, some are already doing that for political reasons but also, for the sake of professional reputation. At some point if this thing gets some legs folks, watch out.”

WATCH:

“This week, of course, fearmongering has been shot down by corporate earnings and guidance. We weren’t supposed to get any guidance this earnings season. Check out the warnings from Boeing, right? Just yesterday, the last two days before they reported, April 20th, 21st, April 15th, just crazy stuff, right?” Payne continued. “China sends back their planes, China orders the planes halted, the trade war is killing them. This one, CNN, Trump, that Boeing is a victim of Trump’s tariff war. Well, we got the results folks, and well, they were pretty good. In fact, some of these numbers, everything is trends much better than last year. Operating margins back in positive. Cash flow almost positive. Everything came in much better than anticipated. By the way management noted that tariff impact so far has been limited.”

The Dow Jones Industrial Average increased by 419.59 points Wednesday, with the NASDAQ climbing 424.60 and the S&P 500 rising by 94.27, according to Fox Business. Payne earlier praised Trump and Secretary of the Treasury Scott Bessent for giving some guidance about the direction the Trump administration’s trade policy would take.

“Scott Bessent finally gave us the word we needed to hear. Slog, that was the word folks. Think about this. It’s hard to beat, to plod perseveringly, especially against difficulty. This is it. Right?” Payne said. “Because think about this: Like any other war, the trade war will not involve quick and decisive victories. There will be protracted battles, and they are going to require patience. We’ll have some quick victories, but the overall battle or war is going to be long.” (RELATED: ‘Companies Will Bring Work Back’: UAW President Defends Trump Tariffs In Verbal Slugfest With Befuddled MSNBC Hosts)

Bessent held out hope for a major trade deal with China, saying the Chinese economy had to shift away from a reliance on exporting manufactured goods during a Wednesday speech, Fox Business reported. Payne ran down earnings from other companies that also outperformed expectations.

“This is absolutely amazing stuff, folks. This is what you invest about and what investing is all about!” Payne said. “So all of the stuff about the death of American exceptionalism, I continue to say, I think is greatly exaggerated.”

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