WEBVTT 1 00:00:00.080 --> 00:00:03.520 This is Dan Caples and welcome to today's online podcast 2 00:00:03.640 --> 00:00:05.879 edition of The Dankplis Show. Please be sure to give 3 00:00:05.960 --> 00:00:08.240 us a five star rating if you'd be so kind, 4 00:00:08.320 --> 00:00:11.599 and to subscribe, download, and listen to the show every 5 00:00:11.679 --> 00:00:15.800 single day on your favorite podcast platform. American way is 6 00:00:16.000 --> 00:00:19.519 peace through strength. Right you want to stop or prevent war, 7 00:00:19.600 --> 00:00:21.879 never get in a war, then be strong enough nobody's 8 00:00:21.879 --> 00:00:26.079 going to want to fight you. It's also prosperity through strength. 9 00:00:26.160 --> 00:00:28.600 Ryan trademark that right now. I've never heard anybody say 10 00:00:28.640 --> 00:00:32.799 that before, but it's true prosperity through strength. And that's 11 00:00:32.840 --> 00:00:36.439 what you're getting right now with Trump. And yeah, hey 12 00:00:36.520 --> 00:00:39.399 it's it's a wild ride in the meantime, right but 13 00:00:39.880 --> 00:00:43.560 nothing great ever came easy. So that's what we're getting 14 00:00:43.640 --> 00:00:47.880 right now is prosperity through strength. And so, Ryan, as 15 00:00:47.920 --> 00:00:51.799 we hear people say these tariffs they're going to devastate America, 16 00:00:51.840 --> 00:00:55.119 you've got some prominent Republicans at this point to a 17 00:00:55.920 --> 00:01:00.679 supporting legislation that would take that terrifability away from President Trump. 18 00:01:01.280 --> 00:01:03.359 I think what we have to keep in mind and 19 00:01:03.399 --> 00:01:05.959 why I think it's so important to have trust in 20 00:01:06.040 --> 00:01:09.680 Trump on this and to back this play is that 21 00:01:10.319 --> 00:01:12.680 the key to any great deal. And remember, the book 22 00:01:12.760 --> 00:01:16.000 he wrote was not the art of the tariff. The 23 00:01:16.040 --> 00:01:19.439 book he wrote was the art of the deal. So 24 00:01:19.560 --> 00:01:22.200 those who are assuming that he is not doing this 25 00:01:22.280 --> 00:01:25.599 in order to gain leverage to get deals, I think 26 00:01:25.640 --> 00:01:29.079 are mistaken, because that I believe, and I've said it 27 00:01:29.120 --> 00:01:32.280 from the first moment he announced these tariffs, is what 28 00:01:32.439 --> 00:01:33.280 his play is. 29 00:01:34.000 --> 00:01:36.079 It's not to sit around for two to three to 30 00:01:36.159 --> 00:01:36.599 five to. 31 00:01:36.599 --> 00:01:40.159 Six years while these tariffs take their full effect over 32 00:01:40.239 --> 00:01:43.480 time in the American political process. 33 00:01:44.120 --> 00:01:46.439 That just wouldn't be feasible. Right. 34 00:01:46.680 --> 00:01:50.120 It might be an ideal in certain ways, one could argue, 35 00:01:50.640 --> 00:01:53.840 but we'll never know because it wouldn't be feasible politically. 36 00:01:53.920 --> 00:01:58.040 And even somebody like President Trump now, who's willing admirably 37 00:01:58.159 --> 00:02:03.040 to do very painful things in order to reset this 38 00:02:03.120 --> 00:02:07.040 country economically in a positive way, you know, his party 39 00:02:07.079 --> 00:02:09.639 would not stand by and allow the kind of wipeouts 40 00:02:09.680 --> 00:02:12.840 that would occur during the mid term, the twenty eighth cycle, etc. 41 00:02:13.240 --> 00:02:16.680 While tariffs, you know, had their time to work. No, 42 00:02:16.919 --> 00:02:20.639 he did this to gain leverage to do deals. And 43 00:02:21.080 --> 00:02:24.439 that is what is happening right now. And yeah, we'll 44 00:02:24.439 --> 00:02:27.400 talk about what's about to hit China overnight and where 45 00:02:27.439 --> 00:02:30.599 we think all of that is going to end. But clearly, 46 00:02:30.639 --> 00:02:33.639 as I said from the first instant he announced this play, 47 00:02:34.360 --> 00:02:36.840 it is to gain leverage to do deals. We all 48 00:02:36.879 --> 00:02:40.280 know you can't do any meaningful deal, let alone a 49 00:02:40.280 --> 00:02:43.319 good deal, unless you have leverage. I mean, I've been 50 00:02:43.319 --> 00:02:44.639 practicing law for forty years. 51 00:02:44.639 --> 00:02:45.879 I do big cases. 52 00:02:46.879 --> 00:02:49.400 The only way you're going to get a maximum settlement 53 00:02:49.479 --> 00:02:51.000 is if you have leverage. And the only way you're 54 00:02:51.000 --> 00:02:53.360 going to have leverage is if you've proven you'll go 55 00:02:53.439 --> 00:02:55.080 to trial and you know how to win, and you're 56 00:02:55.080 --> 00:02:56.800 going to go to trial and you're going to win. 57 00:02:57.280 --> 00:02:59.639 And that's where you get the leverage to make them 58 00:02:59.680 --> 00:03:02.240 pay fully. On the other side. You cannot get any 59 00:03:02.319 --> 00:03:07.919 great deal without leverage, and talk is cheap, same thing 60 00:03:07.919 --> 00:03:11.400 in my analogy. You can say all those things, but 61 00:03:11.520 --> 00:03:14.360 unless you actually go into the courtroom and prove you'll 62 00:03:14.400 --> 00:03:16.039 go into the courtman and spend all the money to 63 00:03:16.080 --> 00:03:18.520 go into the courtman and spend all the time and 64 00:03:18.560 --> 00:03:21.120 then be blessed to win, well, then the other side's 65 00:03:21.159 --> 00:03:23.360 going to completely ignore it. So the only way Trump 66 00:03:23.439 --> 00:03:27.800 could get this leverage is to do it is to 67 00:03:28.000 --> 00:03:30.719 do it. The only way to it is through it. 68 00:03:31.639 --> 00:03:34.159 So you got to do it, and he's doing it. 69 00:03:34.879 --> 00:03:37.520 So there's some disruption and there's some pain in the meantime. 70 00:03:37.599 --> 00:03:44.719 But I think this is a play for leverage and 71 00:03:44.800 --> 00:03:48.439 I think that he's carrying it out very well right now, 72 00:03:49.240 --> 00:03:51.000 and I think he's going to get a lot of 73 00:03:51.039 --> 00:03:52.560 good deals and I think he's going to get him 74 00:03:52.560 --> 00:03:55.960 pretty quickly. Obviously, the big kahuna is China, right the 75 00:03:56.000 --> 00:03:59.400 big violator is the Communist Party of China and Trump. 76 00:03:59.719 --> 00:04:01.639 I think Ryan didn't he just go to one hundred 77 00:04:01.680 --> 00:04:02.199 and four. 78 00:04:02.080 --> 00:04:05.439 Percent tariffs on Chinese goods, and so I think that 79 00:04:05.560 --> 00:04:09.199 kicks in maybe at midnight tonight. So yeah, there's going 80 00:04:09.280 --> 00:04:13.560 to be this international game of chicken going on, particularly 81 00:04:13.599 --> 00:04:14.240 with China. 82 00:04:14.960 --> 00:04:17.040 And I can't sit here and tell you whether it's 83 00:04:17.040 --> 00:04:20.040 going to go on for days or weeks or months. 84 00:04:19.800 --> 00:04:23.879 But you know, I would betch my golf clubs and 85 00:04:23.920 --> 00:04:26.079 the family truckster that it's not going to go on 86 00:04:26.160 --> 00:04:26.639 for a year. 87 00:04:27.360 --> 00:04:29.480 I don't think it's going to go on for six months. 88 00:04:30.040 --> 00:04:32.000 I'm not in that camp that thinks, okay, it's all 89 00:04:32.040 --> 00:04:33.800 going to get worked out in the next three days. 90 00:04:34.360 --> 00:04:36.839 I think the issues are probably too big for that, 91 00:04:37.959 --> 00:04:40.480 but maybe it does. I mean, there's a lot of 92 00:04:40.519 --> 00:04:43.680 mutual respect. It appears between these two. On the one hand, 93 00:04:43.720 --> 00:04:45.759 you have one of the most evil people in world 94 00:04:45.879 --> 00:04:49.519 history in g on the other hand, you have somebody 95 00:04:49.600 --> 00:04:53.319 who's been a hero for freedom in the world in Trump. 96 00:04:54.519 --> 00:04:59.199 But they appear to have this mutual respect. And maybe 97 00:04:59.199 --> 00:05:01.240 there's an opportunity for a quicker deal there. 98 00:05:01.560 --> 00:05:04.439 Why because she knows now. 99 00:05:04.399 --> 00:05:09.000 She knows Trump operates within the American system right where 100 00:05:09.000 --> 00:05:12.279 where he's going to be subjected to many more political pressures. 101 00:05:12.319 --> 00:05:14.680 And thank god we're in a system like this with 102 00:05:14.800 --> 00:05:18.240 those competing pressures and not in a communist system. 103 00:05:18.639 --> 00:05:20.199 She has some more leeway that way. 104 00:05:20.240 --> 00:05:23.319 But it's not like it's not like everybody in China 105 00:05:23.399 --> 00:05:26.480 right now is driving a Bugatti, right. I mean, they've 106 00:05:26.560 --> 00:05:29.439 got some economic problems of their own. So it's the 107 00:05:29.519 --> 00:05:31.600 art of the deal, not the art of the tariffs. 108 00:05:31.639 --> 00:05:34.360 The tariffs are a way to get leverage so President 109 00:05:34.360 --> 00:05:36.759 Trump can get some deals, saying God love them for 110 00:05:36.879 --> 00:05:40.439 us because the status quo has not been good is 111 00:05:40.560 --> 00:05:42.160 not good. And Ryan and I come back to this 112 00:05:42.199 --> 00:05:44.040 point then we'll open it up to calls and text. 113 00:05:44.480 --> 00:05:48.800 Can anybody deny this profound truth, The underlying premise of 114 00:05:48.839 --> 00:05:51.600 all of this that if we are going to have 115 00:05:51.680 --> 00:05:55.160 the America that we want, that any sane person want, 116 00:05:55.199 --> 00:05:58.560 any good person wants. If we're going to have that America, 117 00:05:59.319 --> 00:06:04.279 something maddick has to be done to support, to boost, 118 00:06:04.279 --> 00:06:07.439 to provide the opportunity, not guaranteed outcome, that's communist crap. 119 00:06:07.720 --> 00:06:12.240 I'm talking about equal opportunity for working people in America. 120 00:06:12.279 --> 00:06:16.079 There has to be some really significant change, and I 121 00:06:16.120 --> 00:06:18.680 believe what Trump's doing right now is part of that. 122 00:06:18.800 --> 00:06:22.639 And then another I won't call it bombshell kind. 123 00:06:22.480 --> 00:06:26.199 Of overused and most often used in connection by Ryan 124 00:06:26.680 --> 00:06:30.879 of course with his amazing fiance, but kind of a 125 00:06:30.920 --> 00:06:34.120 bombshell revelation today that President Trump has confirmed that he's 126 00:06:34.160 --> 00:06:38.360 thinking of some tax cuts on the pardon me, let 127 00:06:38.439 --> 00:06:40.519 me take that back. The reason it's a bomb show 128 00:06:40.759 --> 00:06:43.839 is because he's thinking of tax increases on. 129 00:06:43.759 --> 00:06:46.480 The very wealthy, and so we'll talk about that as well. 130 00:06:46.639 --> 00:06:49.000 Three or three someone three eight two five five text 131 00:06:49.079 --> 00:06:52.519 d an five seven seven three nine. 132 00:06:53.480 --> 00:06:55.360 So we got a lot to do, and we haven't 133 00:06:55.360 --> 00:06:56.480 even got to the Nuggets. 134 00:06:56.519 --> 00:06:58.240 Yet Yeah, we're not a sports show, so we won't 135 00:06:58.240 --> 00:07:00.680 devote the whole show to what A like to, which 136 00:07:00.720 --> 00:07:03.319 is to talk about the firing of Nuggets coach Michael 137 00:07:03.360 --> 00:07:06.800 Malone today. And I just want to say this on 138 00:07:06.839 --> 00:07:10.959 that I've never met him, like him personally, like how 139 00:07:10.959 --> 00:07:14.959 he handles himself, like overall, how he's approached the team. 140 00:07:15.240 --> 00:07:18.360 But clearly this team was no longer responding to him. 141 00:07:18.519 --> 00:07:21.199 And that can happen right through no fault of anybody's overtime. 142 00:07:21.279 --> 00:07:21.839 That's just the. 143 00:07:21.839 --> 00:07:26.240 Nature of relationships. It's been ten seasons, but not my marriage. 144 00:07:26.279 --> 00:07:29.040 It's been thirty seasons plus there, and it just keeps 145 00:07:29.040 --> 00:07:31.079 getting better, and we just keep winning more and more 146 00:07:31.160 --> 00:07:34.279 championships as we define them within the confines. 147 00:07:33.800 --> 00:07:34.720 Of marital bliss. 148 00:07:35.199 --> 00:07:38.519 But what I'm saying is I have so much respect 149 00:07:38.720 --> 00:07:43.480 for the Kronkeys for pulling the trigger now because you've 150 00:07:43.480 --> 00:07:46.160 got to send the message and the rest of the season, 151 00:07:46.240 --> 00:07:48.279 it probably won't last that long, but the rest of 152 00:07:48.319 --> 00:07:50.519 the season is going to be so much more valuable, 153 00:07:50.560 --> 00:07:53.639 so much more interesting, And it's so respectful to the fans, 154 00:07:54.199 --> 00:07:55.360 you know, who pay a lot of money. 155 00:07:55.399 --> 00:07:56.079 I got to bias. 156 00:07:56.120 --> 00:07:59.600 Our law firm is the official law firm partner of 157 00:07:59.639 --> 00:08:01.560 the Nuggets in the Colorado wa Avalanche, So. 158 00:08:01.519 --> 00:08:02.639 I've got a bias there. 159 00:08:02.680 --> 00:08:05.120 And yeah, we get some time with people in the 160 00:08:05.160 --> 00:08:08.959 cron Key organization stuff like that, But but I just 161 00:08:09.040 --> 00:08:11.680 have so much respect for them for doing this, and 162 00:08:11.839 --> 00:08:15.199 it's it shows tremendous respect to the fans. We know, 163 00:08:15.319 --> 00:08:17.120 even if you don't pay a dime for tickets, you 164 00:08:17.160 --> 00:08:20.959 pay with something more valuable than paper currency or plastic. 165 00:08:21.040 --> 00:08:24.120 You pay with your time to watch this team. You 166 00:08:24.199 --> 00:08:26.600 pay with your heart to support this team. And it's 167 00:08:26.639 --> 00:08:28.720 respectful of fans to say, we're not putting up with 168 00:08:28.759 --> 00:08:30.879 this garbage we're seeing on the court right now. We 169 00:08:31.040 --> 00:08:34.720 got the best player in the world and we're not 170 00:08:34.759 --> 00:08:37.919 going to sit back and voluntarily waste another minute of 171 00:08:37.919 --> 00:08:43.279 his time. So I think a tremendous, tremendously respectful message 172 00:08:43.720 --> 00:08:46.440 to the fans and an important message to the players 173 00:08:46.440 --> 00:08:47.960 on the team. You want to be here next year, 174 00:08:48.240 --> 00:08:53.519 Go play some defense, Go play some defense. Bryan Schulin 175 00:08:53.600 --> 00:08:55.679 could go out there, and what do you think you'd shoot? 176 00:08:55.720 --> 00:08:58.039 What would your shooting percentage be in my prime? 177 00:08:58.440 --> 00:08:58.879 I don't know. 178 00:08:59.120 --> 00:09:01.360 Off the bench able to three or a couple, but 179 00:09:02.000 --> 00:09:03.799 just one thing, and I don't expect you to dovetail 180 00:09:03.799 --> 00:09:05.320 out this dam But on behalf. 181 00:09:05.000 --> 00:09:09.279 Of the fans. Did you watch that calamitous conclusion. 182 00:09:09.080 --> 00:09:11.559 To the game the other night where Nikola Jokic had 183 00:09:11.639 --> 00:09:15.440 sixty points and Russ Westbrook split his hair on fire 184 00:09:15.679 --> 00:09:16.559 and lost the game. 185 00:09:17.399 --> 00:09:20.480 Listen, here's why I don't criticize Westbrook for that, and 186 00:09:20.519 --> 00:09:24.000 that is he plays hard. Right, If you're gonna play hard, 187 00:09:24.000 --> 00:09:26.840 you're gonna be bold and dynamic. Then every now and 188 00:09:26.879 --> 00:09:30.600 then there's gonna be a big, big mistake. That's just 189 00:09:30.639 --> 00:09:32.600 one of the biggest mistakes people have seen in. 190 00:09:32.600 --> 00:09:33.080 A long time. 191 00:09:33.120 --> 00:09:35.919 That's why I don't fault Westbrook for that. But you're 192 00:09:36.000 --> 00:09:39.799 right that end to that Minnesota game, what was beyond 193 00:09:39.879 --> 00:09:41.879 a gut punch. What bothered me even more, and then 194 00:09:41.879 --> 00:09:44.840 we'll get off sports. What bothered me even more was 195 00:09:44.879 --> 00:09:46.679 the end of the game Sunday night. 196 00:09:47.440 --> 00:09:48.240 You know, where. 197 00:09:48.399 --> 00:09:51.480 Jokic, as always is playing his heart out and then 198 00:09:51.519 --> 00:09:53.799 you don't have the defensive effort and you give up 199 00:09:53.840 --> 00:09:55.600 a late loss to the Pacers in a game you 200 00:09:55.679 --> 00:09:57.679 had to win. So I just respect the Kronkeys for 201 00:09:57.679 --> 00:09:59.919 pulling the trigger. When we come back, we'll get back 202 00:10:00.039 --> 00:10:04.440 to financial armageddon. Say the panic porn folks, I don't 203 00:10:04.440 --> 00:10:06.679 think so. I think we're in the middle of a 204 00:10:07.399 --> 00:10:10.120 brilliant not perfectly played and I'll tell you what I 205 00:10:10.159 --> 00:10:13.200 mean about that, but a courageous and brilliant move by 206 00:10:13.200 --> 00:10:17.799 President Trump that's going to pay enormous dividends pun intended. 207 00:10:17.840 --> 00:10:19.320 You're on the Dan Caplas Show. 208 00:10:26.279 --> 00:10:28.679 And now back to the Dan Kaplass Show podcast. 209 00:10:30.080 --> 00:10:34.200 Is trading higher today and we did see what was 210 00:10:34.519 --> 00:10:36.679 welcomed yesterday, and that has a bounce from some of 211 00:10:36.720 --> 00:10:39.519 the lows and even a higher close on the NASDAC. 212 00:10:40.200 --> 00:10:43.720 One of our guests, the Secretary earlier mentioned the resumption 213 00:10:44.320 --> 00:10:51.960 of the trade put and not coincidentally, it coincided with 214 00:10:52.000 --> 00:10:54.799 your trip to Florida over the weekend, where reportedly you 215 00:10:54.840 --> 00:10:59.480 were stressing that the market needed to hear that negotiations 216 00:10:59.679 --> 00:11:03.679 about these tariffs we're in play lo and behold, we 217 00:11:03.720 --> 00:11:04.559 did see a bounds. 218 00:11:04.679 --> 00:11:07.039 Is that a fair assessment? You think that's what happened 219 00:11:09.960 --> 00:11:10.919 and we'll get to us. 220 00:11:10.919 --> 00:11:14.399 Got a sense answer to that, Treasury Secretary, which I 221 00:11:14.399 --> 00:11:17.399 think is very encouraging. You're just consistent with what I've 222 00:11:17.399 --> 00:11:19.879 been saying from the jump. This is all about cutting deals, 223 00:11:20.399 --> 00:11:21.120 cut twenty two. 224 00:11:21.159 --> 00:11:21.480 Please. 225 00:11:22.240 --> 00:11:25.360 I went down to see President Trump, as I do 226 00:11:25.519 --> 00:11:28.200 many weekends, and you know, I can tell you it's 227 00:11:28.240 --> 00:11:33.120 all President Trump's decision, and he had a view on 228 00:11:33.720 --> 00:11:37.960 after Liberation Day that we should go into quiet mode 229 00:11:38.200 --> 00:11:41.639 and let our partners think about the kind of the 230 00:11:41.720 --> 00:11:45.960 shock and awe that he presented. And over those following 231 00:11:46.000 --> 00:11:49.960 few days from April second, we had the I think 232 00:11:50.000 --> 00:11:54.399 we're up to seventy countries contact the White House for 233 00:11:54.480 --> 00:11:57.320 how to come and negotiate. So, you know, I would 234 00:11:57.320 --> 00:12:00.720 say that the negotiations are the result of the massive 235 00:12:00.960 --> 00:12:05.279 inflow of inbound calls to come and negotiating had nothing 236 00:12:05.279 --> 00:12:06.159 to do with the market. 237 00:12:07.879 --> 00:12:09.879 Yeah, this is not a complicated formula. 238 00:12:10.200 --> 00:12:13.399 Right, You've got to impose these tariffs to get the 239 00:12:13.480 --> 00:12:15.759 leverage because talk is cheap. You've got to impose the 240 00:12:15.799 --> 00:12:18.279 tariffs to get the leverage. Then you cut the deals. 241 00:12:18.679 --> 00:12:22.279 China toughest not to crack. That may take longer, so yeah, 242 00:12:22.279 --> 00:12:25.480 there's probably going to be more pain ahead, right, and 243 00:12:25.519 --> 00:12:28.519 then everybody has to decide for themselves if they have 244 00:12:28.559 --> 00:12:29.759 a four to o one k. If they're in the 245 00:12:29.759 --> 00:12:32.080 stock market, et cetera, they have to decide for themselves 246 00:12:32.120 --> 00:12:34.559 how to play it. You know, nobody's ever going to 247 00:12:34.600 --> 00:12:36.799 time the bottom perfectly, right, not if they're going to 248 00:12:36.840 --> 00:12:37.440 do it legally. 249 00:12:37.840 --> 00:12:39.080 Nobody's ever going to time that. 250 00:12:39.279 --> 00:12:42.240 So you just have to decide, Okay, did you wait 251 00:12:42.360 --> 00:12:45.720 before putting some money in to take advantage of some bargains? 252 00:12:45.759 --> 00:12:48.720 And you know me, I'm no expert when it comes 253 00:12:48.759 --> 00:12:52.799 to stock picking or anything else, but clearly you've got 254 00:12:52.960 --> 00:12:55.120 a lot of companies that kind of dominate in their 255 00:12:55.159 --> 00:12:58.720 own sectors that are, you know, twenty thirty percent off 256 00:12:58.720 --> 00:13:01.320 their highs. So people just have to decide when are 257 00:13:01.320 --> 00:13:02.320 they going to get back in? 258 00:13:02.759 --> 00:13:05.600 Are they going to get back in at all? Personally? 259 00:13:05.799 --> 00:13:08.360 For us, and again, do the opposite of whatever I do, 260 00:13:08.519 --> 00:13:11.080 But yeah, for us, you bet. And I'm just kind 261 00:13:11.080 --> 00:13:14.159 of layering in knowing we're gonna have ups and downs, 262 00:13:14.200 --> 00:13:18.919 it's not the bottom, but also knowing that you never lose, 263 00:13:19.200 --> 00:13:21.799 right Ryan, You never lose a dime. 264 00:13:21.639 --> 00:13:23.480 Until you sell exactly. 265 00:13:23.639 --> 00:13:26.480 Yeah, some awful things can be happening right now, but 266 00:13:26.519 --> 00:13:29.960 you're not losing any money unless you sell. Now, some 267 00:13:30.000 --> 00:13:33.080 people closer to retirement or maybe a sick child, you 268 00:13:33.080 --> 00:13:36.120 have these other special needs that pop up, then yeah, 269 00:13:36.159 --> 00:13:38.120 you may be facing some losses, but as long as 270 00:13:38.120 --> 00:13:40.759 you can wait it out, you're not going to lose 271 00:13:40.759 --> 00:13:42.759 that money, and you're going to be positioned for when 272 00:13:42.799 --> 00:13:44.240 it inevitably comes back. 273 00:13:45.720 --> 00:13:47.919 That's why I was so surprised, Dan, I found your 274 00:13:47.919 --> 00:13:51.120 conversation with Ross, and I know our listeners did, very intriguing, 275 00:13:51.240 --> 00:13:54.440 very interesting as you continued to really battle in the 276 00:13:54.480 --> 00:13:57.360 arena of debate, and that he had revealed that he 277 00:13:57.440 --> 00:14:00.320 had already sold off, and I'm like, really, I was 278 00:14:00.879 --> 00:14:04.600 quite stunned by that development that he would have reacted 279 00:14:05.240 --> 00:14:09.480 so viscerally and immediately to some uncalm in the market. 280 00:14:09.559 --> 00:14:12.080 Because of your very point that if you ride this out, 281 00:14:12.480 --> 00:14:15.360 as Marco Rubio said, and I think he articulated it well, 282 00:14:15.720 --> 00:14:18.559 the markets will adapt, the markets will adjust, the markets 283 00:14:18.559 --> 00:14:19.159 will correct. 284 00:14:19.200 --> 00:14:20.879 There isn't going to be a bottoming out here. 285 00:14:22.679 --> 00:14:24.639 Yeah, but an experienced trader like Ross. 286 00:14:24.639 --> 00:14:27.159 And I'm not an experienced trader, right, I mean, I 287 00:14:27.240 --> 00:14:30.360 spend my days in my law practice representing my clients 288 00:14:30.360 --> 00:14:33.480 all that good stuff. Ross is an experienced professional trader, 289 00:14:33.759 --> 00:14:36.799 so what he may well be doing is yeah, he 290 00:14:36.879 --> 00:14:39.120 had mentioned that he had sold some stuff. I can't 291 00:14:39.159 --> 00:14:43.600 remember his exact words. He may be just planning to 292 00:14:43.679 --> 00:14:46.720 get back in, you know, to take advantage of that churn, 293 00:14:46.840 --> 00:14:49.159 and a skilled guy like that may be able to 294 00:14:49.159 --> 00:14:50.799 do that very successfully, whereas I. 295 00:14:50.759 --> 00:14:52.200 Would not be right well, nor me. 296 00:14:52.360 --> 00:14:54.840 I just try to find I just try to find 297 00:14:55.360 --> 00:14:59.519 good companies with true value doing good things, you know, 298 00:14:59.639 --> 00:15:02.720 or at he's not doing bad things, you know, that 299 00:15:02.720 --> 00:15:05.240 that I can invest in for the long term. I'm 300 00:15:05.559 --> 00:15:09.200 not a day trader kind of guy, you and me, 301 00:15:09.279 --> 00:15:12.480 But that's why I don't have a fleet of bugattis 302 00:15:12.600 --> 00:15:16.559 like one young Ryan Schuing. Yeah, right, are there any 303 00:15:16.960 --> 00:15:18.279 And I'll get back to that in a second. I 304 00:15:18.279 --> 00:15:20.240 did want to cover one thing before the end of 305 00:15:20.240 --> 00:15:23.960 this segment, and that is, you know, I've praised President 306 00:15:24.000 --> 00:15:26.679 Trump a lot because he deserves it, and I'm not 307 00:15:26.679 --> 00:15:28.279 going to repeat all that praise here. 308 00:15:28.480 --> 00:15:29.919 I think the maneuver he's. 309 00:15:29.679 --> 00:15:32.320 Making now is necessary pain and he's going to land 310 00:15:32.360 --> 00:15:35.120 it very well. The one thing that I wish he 311 00:15:35.159 --> 00:15:38.639 had done differently here because this is such a major, 312 00:15:39.600 --> 00:15:44.159 a major disruption, is I wish that he had done 313 00:15:44.159 --> 00:15:47.799 an Oval Office address in the beginning, just laying out 314 00:15:47.840 --> 00:15:50.440 his plan, the reasons for it, and he's got many 315 00:15:50.480 --> 00:15:53.960 good reasons for it, and just talking about why it 316 00:15:54.080 --> 00:15:54.639 was going to. 317 00:15:54.559 --> 00:15:56.000 Be worth this short term pain. 318 00:15:56.639 --> 00:15:58.519 I think that that it would have been better for 319 00:15:58.559 --> 00:16:01.720 the country to have that Oval Law address in the beginning. 320 00:16:02.399 --> 00:16:04.759 You know, I think he's been explaining all of that 321 00:16:04.960 --> 00:16:07.159 before and since, but I think that would have been 322 00:16:07.159 --> 00:16:11.240 a nice additional touch with that. Said, Hey, bro, whether 323 00:16:11.320 --> 00:16:14.039 it's a week, a month, three months, six months, I 324 00:16:14.080 --> 00:16:17.879 have no doubt America long before the midterms is going 325 00:16:17.919 --> 00:16:22.039 to be saying this is a really gutsy move. And 326 00:16:22.320 --> 00:16:25.600 he won, and America won, and we're in a much 327 00:16:25.639 --> 00:16:29.399 better position today, and I think the country and the 328 00:16:29.440 --> 00:16:32.200 Republican Party are going to head into next year's midterm 329 00:16:32.279 --> 00:16:33.840 cycle with the head of steam. 330 00:16:34.240 --> 00:16:37.120 And it goes to what you said yesterday, Dan, that 331 00:16:37.200 --> 00:16:40.000 is President Trump would not be staking all of his 332 00:16:40.080 --> 00:16:42.399 political capital, and that's what he's doing here. He's putting 333 00:16:42.440 --> 00:16:44.919 all his chips in the middle on this issue, this 334 00:16:45.080 --> 00:16:48.840 topic trade in tariffs. If he wasn't confident was going 335 00:16:48.879 --> 00:16:50.879 to work, if he was a losing that, why would 336 00:16:50.919 --> 00:16:51.440 he do it? 337 00:16:52.320 --> 00:16:52.840 Exactly. 338 00:16:53.120 --> 00:16:55.720 And it's not just the confidence it's going to work. 339 00:16:55.799 --> 00:16:58.440 He's in control right now. 340 00:16:59.440 --> 00:16:59.960 Obviously. 341 00:17:00.159 --> 00:17:02.519 You know, say that the big koon of the deal 342 00:17:02.559 --> 00:17:05.000 with China that eventually is going to get done here, 343 00:17:05.079 --> 00:17:06.799 I'm not saying that's going to be an overnight thing 344 00:17:06.920 --> 00:17:08.839 or an over weak thing or over the course of 345 00:17:08.839 --> 00:17:12.680 one month. And you know that's that's a time's going 346 00:17:12.720 --> 00:17:14.799 to become very tense, and there'll be an awful lot 347 00:17:14.799 --> 00:17:17.799 of pressure on President Trump as we see the market go. 348 00:17:17.839 --> 00:17:21.119 Up and down, et cetera. But he's in control in 349 00:17:21.160 --> 00:17:21.519 the end. 350 00:17:22.200 --> 00:17:24.400 He's in control in the end because in a worst 351 00:17:24.400 --> 00:17:27.640 case scenario, you know, he can get a worse deal 352 00:17:27.720 --> 00:17:31.079 than he hoped to get and still come out ahead 353 00:17:31.079 --> 00:17:35.319 of where we work. So he is as in control 354 00:17:35.480 --> 00:17:37.920 as any president can ever be in a scenario like this. 355 00:17:38.000 --> 00:17:40.480 And Ryan, he goes into it in the perfect position, 356 00:17:40.559 --> 00:17:44.400 right because talk is cheap. You know, you've got to 357 00:17:44.519 --> 00:17:49.240 prove strength, and he has proven his strength and his 358 00:17:49.359 --> 00:17:52.400 willingness to stand in there and fight like no other 359 00:17:52.519 --> 00:17:55.960 president in modern American history. So he comes to the 360 00:17:56.000 --> 00:17:59.119 table with that hard earned credibility that he's putting to 361 00:17:59.160 --> 00:18:01.920 work for us. Now Canton will work to his own 362 00:18:01.920 --> 00:18:04.200 political benefit as well. Three or three someone three eight 363 00:18:04.240 --> 00:18:07.480 two five five text d An five seven seven three nine. 364 00:18:07.519 --> 00:18:08.720 You're on the Dan Caplass Show. 365 00:18:23.240 --> 00:18:25.680 You're listening to the Dan Kapliss Show podcast. 366 00:18:26.400 --> 00:18:28.640 The big question that a lot of people have here 367 00:18:28.799 --> 00:18:31.319 is does the alien enemies that cannot be used at all? 368 00:18:31.359 --> 00:18:33.839 The court did not rule on that. 369 00:18:34.559 --> 00:18:36.839 I suppose they may never, although one would think it 370 00:18:36.839 --> 00:18:38.640 will work its way back up to them. Again, did 371 00:18:38.680 --> 00:18:40.839 he give any hint and you're reading of this, any 372 00:18:40.920 --> 00:18:42.480 hint on where they may go here? 373 00:18:43.200 --> 00:18:46.359 No, although I am disturbed that they didn't at least 374 00:18:46.400 --> 00:18:48.039 give us a hint that this may not be a 375 00:18:48.039 --> 00:18:50.599 proper use of the Act. And I'm also really disturbed 376 00:18:50.640 --> 00:18:53.359 John by their failure to engage with the bad faith 377 00:18:53.359 --> 00:18:56.799 of the administration here in rushing these people onto a plane, 378 00:18:57.079 --> 00:19:01.279 in not releasing the proclamation publicly, and rushing them despite 379 00:19:01.319 --> 00:19:04.799 the fact they had a court court hearing in place 380 00:19:04.799 --> 00:19:06.319 where they had a good reason to believe that the 381 00:19:06.359 --> 00:19:08.799 judge was going to stop them. All of that also 382 00:19:08.880 --> 00:19:11.400 remains on ste which to me in bolds the administration 383 00:19:11.519 --> 00:19:13.160 to try to keep pushing these limits. 384 00:19:13.519 --> 00:19:16.400 Well, sure it does, I think this was an enormous 385 00:19:16.440 --> 00:19:19.440 win for the Trump administration. I think very good for 386 00:19:19.480 --> 00:19:24.640 the country overall on lots of different levels. And we'll 387 00:19:24.640 --> 00:19:26.680 get into more detail on that as we move through 388 00:19:26.720 --> 00:19:28.920 the show. Want to get to the phone lines. Continue 389 00:19:28.960 --> 00:19:31.640 to talk about something that's probably very much on your mind, 390 00:19:32.079 --> 00:19:34.880 whether you have any stocks or not in the retirement fund, 391 00:19:34.880 --> 00:19:37.720 et cetera, just because you know that there may be 392 00:19:37.759 --> 00:19:40.559 some disruption coming up in the broader economy as well, 393 00:19:40.599 --> 00:19:43.839 particularly as Trump goes head to head with the Communist 394 00:19:43.880 --> 00:19:45.400 Party of China starting at. 395 00:19:45.319 --> 00:19:48.680 Midnight tonight, and we don't know if it'll go weeks, months, etc. 396 00:19:49.039 --> 00:19:50.640 But we do know a deal is going to get 397 00:19:50.640 --> 00:19:52.079 cut sooner than later. 398 00:19:52.079 --> 00:19:53.680 In America is going to be in a much better 399 00:19:53.680 --> 00:19:56.759 position than it was before President. 400 00:19:56.319 --> 00:19:57.759 Trump levied the tariffs. 401 00:19:57.960 --> 00:20:01.039