WEBVTT 1 00:00:00.600 --> 00:00:02.919 This is Gary and Shannon and you're listening to KFI 2 00:00:03.080 --> 00:00:06.080 AM six forty The Gary and Shannon Show on demand on. 3 00:00:06.080 --> 00:00:07.320 The iHeartRadio app. 4 00:00:07.360 --> 00:00:10.439 Actor Val Kilmer has died of pneumonia at age sixty 5 00:00:10.480 --> 00:00:14.199 five in LA. His daughter, Mercedes Kilmer too, told The 6 00:00:14.199 --> 00:00:16.920 New York Times he was diagnosed with throat cancer and 7 00:00:16.960 --> 00:00:20.079 twenty fourteen later recovered. One of his earliest roles was 8 00:00:20.160 --> 00:00:24.079 nineteen eighty four's Top Secret, a parody of spy movies, 9 00:00:24.120 --> 00:00:26.600 in which he plays an American rocker who stumbles into 10 00:00:26.640 --> 00:00:31.399 an East Germany reunification plot. In nineteen ninety one, Kilmer 11 00:00:31.440 --> 00:00:34.880 played rocker Jim Morrison in The Doors, following year start 12 00:00:35.079 --> 00:00:38.280 as an FBI agent investigating a murder on a South 13 00:00:38.320 --> 00:00:43.840 Dakota Indian reservation and Thunderheart. I'm sorry, but did I 14 00:00:44.079 --> 00:00:46.119 eat a brain tumor for breakfast? 15 00:00:46.640 --> 00:00:47.679 I mean, when when. 16 00:00:47.560 --> 00:00:50.520 You're missing arguably five, what are you? 17 00:00:50.679 --> 00:00:50.880 More? 18 00:00:51.320 --> 00:00:51.719 Movies? 19 00:00:51.840 --> 00:00:52.359 Wrote? 20 00:00:52.679 --> 00:00:53.600 Very important than that? 21 00:00:53.799 --> 00:00:57.679 Who wrote this? Who I wrote this? 22 00:00:58.159 --> 00:01:00.359 I remember today we were going to be nice and 23 00:01:00.359 --> 00:01:01.719 and it was going to be a better day. 24 00:01:02.000 --> 00:01:03.000 Yeah, happier day. 25 00:01:03.280 --> 00:01:03.799 Yeah. 26 00:01:03.920 --> 00:01:05.760 I'm not going to walk in every I was. 27 00:01:05.799 --> 00:01:08.319 Just telling you every day I have this internal dialoge 28 00:01:08.319 --> 00:01:09.920 where I say today, I'm not going to be a D. 29 00:01:10.519 --> 00:01:12.439 I'm going to be a nice person, right. 30 00:01:13.840 --> 00:01:15.920 And then and then I read something like this, and 31 00:01:15.959 --> 00:01:18.000 I think, how can you not be a D in 32 00:01:18.040 --> 00:01:20.359 a world full of d's that would write and oh, 33 00:01:20.359 --> 00:01:21.120 b it up like this? 34 00:01:21.200 --> 00:01:22.599 And the first thing you told me is they need 35 00:01:22.640 --> 00:01:23.560 to wipen my teeth. 36 00:01:24.120 --> 00:01:26.680 No, you were looking into my purse for something, and 37 00:01:26.719 --> 00:01:28.519 I said what would you like in there? And I 38 00:01:28.560 --> 00:01:30.599 saw a crest white strip and I said, would you 39 00:01:30.640 --> 00:01:31.879 like to whiten your teeth today? 40 00:01:33.280 --> 00:01:34.480 There's other options and all. 41 00:01:34.560 --> 00:01:36.519 So I wasn't pawing through your purse. 42 00:01:36.640 --> 00:01:39.200 There are other activities in there if you so choose. 43 00:01:39.879 --> 00:01:41.159 I think I've got a nail file. 44 00:01:41.400 --> 00:01:42.760 Oh great, wow. 45 00:01:43.439 --> 00:01:45.560 Coming up at eleven thirty, we're going to be talking 46 00:01:45.560 --> 00:01:47.959 with Justin Warsham. This was an interesting discussion I had 47 00:01:47.959 --> 00:01:51.519 with my wife last night. If your kid is dating somebody, 48 00:01:51.719 --> 00:01:53.680 right in our case, it would be say our son 49 00:01:53.799 --> 00:01:57.280 is dating a girl, but the girl's parents don't want 50 00:01:57.280 --> 00:02:00.680 her dating. What responsibility do we have to tell them 51 00:02:00.799 --> 00:02:02.480 is if any is that your case right now? 52 00:02:02.519 --> 00:02:02.560 No? 53 00:02:02.640 --> 00:02:04.280 No, no, no, no no, I'm just saying, but just 54 00:02:04.840 --> 00:02:07.519 to illustrate what the kind of the gelemma that some 55 00:02:07.560 --> 00:02:08.319 people would have. 56 00:02:08.960 --> 00:02:10.840 So we'll talk with Justin Worsham about that. 57 00:02:10.919 --> 00:02:11.879 Yeah, and I'm curious. 58 00:02:11.960 --> 00:02:16.360 I have a friend who has a son and the 59 00:02:16.759 --> 00:02:20.879 girlfriend is over at the house, but the parents have 60 00:02:21.039 --> 00:02:25.360 never met. And I'm thinking, what parents of a girl 61 00:02:25.560 --> 00:02:28.039 allows the girl at fifteen to go over to the 62 00:02:28.039 --> 00:02:31.319 boyfriend's house and you haven't met the parents yet. But again, 63 00:02:31.479 --> 00:02:33.479 I'm not a parent, so I don't know how thin 64 00:02:33.560 --> 00:02:35.800 you're spread and how that works. And if you just 65 00:02:35.840 --> 00:02:38.000 know your kid and you trust your kid and that's 66 00:02:38.039 --> 00:02:43.319 all fine, I think I'd be like an East Germany prison. 67 00:02:43.680 --> 00:02:44.439 If I had kids. 68 00:02:44.479 --> 00:02:48.479 But if nothing else, if nothing else, you let to 69 00:02:48.879 --> 00:02:51.400 use that version of it. My daughter, if she's dating 70 00:02:51.439 --> 00:02:54.800 a guy, you let that guy know, Hey, just so 71 00:02:54.960 --> 00:02:57.080 you know, I'm on the phone with your mom or 72 00:02:57.120 --> 00:03:00.840 your dad or whatever, just to say, hi, introduce ourselves 73 00:03:01.360 --> 00:03:04.159 if you don't actually go over and you know, meet them, 74 00:03:04.240 --> 00:03:04.840 or something like that. 75 00:03:05.000 --> 00:03:07.439 I'm fascinated by that. I'm also horrified. 76 00:03:07.479 --> 00:03:09.759 I got a text message from one of my girlfriend's 77 00:03:09.879 --> 00:03:10.800 daughters yesterday. 78 00:03:11.479 --> 00:03:14.960 Hey, Auntie Shannon actually and she. 79 00:03:15.159 --> 00:03:18.639 Like abbreviates everything because she's fifteen. Actually, don't tell my mom, 80 00:03:18.719 --> 00:03:23.199 but I'm pregnant and I don't know who the father is. 81 00:03:23.319 --> 00:03:26.439 I went to a bonfire last week, and I wrote back, haha, 82 00:03:26.479 --> 00:03:27.159 April fool. 83 00:03:27.240 --> 00:03:29.000 I went to a bonfire last week. 84 00:03:29.319 --> 00:03:30.439 Yeah, all right, right right? 85 00:03:30.520 --> 00:03:34.240 I was like, haha, April fools. But that's terrifying, even 86 00:03:34.280 --> 00:03:36.159 though it's a joke. And then today it was the 87 00:03:36.560 --> 00:03:40.840 next one was, no, seriously, don't tell my mom. I'm right, okay, 88 00:03:41.000 --> 00:03:42.400 what do you want me to do about that? 89 00:03:43.800 --> 00:03:44.039 Well? 90 00:03:44.120 --> 00:03:45.400 Does it feel different today? 91 00:03:45.759 --> 00:03:48.039 I mean you look outside and it's what do you mean? 92 00:03:48.080 --> 00:03:48.840 Does it feel different? 93 00:03:48.919 --> 00:03:52.039 Well, today's Liberation Day. I don't know if, but liberation. 94 00:03:51.680 --> 00:03:53.560 Doesn't start till what one pm our time. 95 00:03:53.919 --> 00:03:55.759 That's that's why the announcement is coming out. 96 00:03:55.759 --> 00:03:58.800 But I was supposed to started twelve oh one, nine 97 00:03:58.879 --> 00:04:00.599 hours ago, or of hours ago. 98 00:04:00.719 --> 00:04:03.719 I was thinking about how it's impossible to separate Trump 99 00:04:03.919 --> 00:04:05.039 from branding. 100 00:04:05.159 --> 00:04:07.800 I mean, he's a master brander. It's what he's done. 101 00:04:07.840 --> 00:04:11.400 The Trump Tower, the Trump name, the gold, all the things, 102 00:04:11.439 --> 00:04:15.080 the Apprentice, You're Fired, all the things that he has 103 00:04:16.560 --> 00:04:19.279 made money off of. He's really great at it. He's 104 00:04:19.319 --> 00:04:22.680 really great at promoting, at teasing, at making productions out 105 00:04:22.720 --> 00:04:26.279 of things, the pageantry, the pump, the circumstance. 106 00:04:26.319 --> 00:04:27.279 He's a master at that. 107 00:04:27.800 --> 00:04:30.279 And he's doing that with the whole make America Great 108 00:04:30.360 --> 00:04:35.040 anything again. You know, it's like it's classic branding. Make 109 00:04:35.079 --> 00:04:40.040 America great again, make America healthy again, make America wealthy again. 110 00:04:40.560 --> 00:04:42.600 It's like all these little. 111 00:04:42.399 --> 00:04:45.959 Branding mechanisms for the one big Trump brand, right. 112 00:04:45.879 --> 00:04:49.959 Which stakes Trump Wine, Trump University, right, Trump Water with. 113 00:04:49.920 --> 00:04:55.319 The presidency thing with you know, with all the different machinations. 114 00:04:54.560 --> 00:04:57.560 Of that, the yeah, takeoffs of the same core thing. 115 00:04:59.000 --> 00:05:01.199 One of the issues that we had talked about leading 116 00:05:01.279 --> 00:05:05.079 up to this is that this, like other threat tariff 117 00:05:05.079 --> 00:05:08.560 threats and other negotiations that he has had to go through, 118 00:05:08.839 --> 00:05:11.839 he starts with an aggressive position and then kind of 119 00:05:11.839 --> 00:05:13.680 comes back from that. And there are people who are 120 00:05:13.680 --> 00:05:17.439 saying this is almost inevitable that he's got to come 121 00:05:17.480 --> 00:05:19.879 back from what would have been the worst case scenario. 122 00:05:20.000 --> 00:05:21.439 So we'll talk a little bit about that when we 123 00:05:21.480 --> 00:05:21.879 come back. 124 00:05:22.120 --> 00:05:26.480 Great you're listening to Gary and Shannon on Demand from 125 00:05:26.560 --> 00:05:28.120 KFI AM six forty. 126 00:05:29.399 --> 00:05:31.399 Corey Booker stopped eating. 127 00:05:32.639 --> 00:05:38.079 On Friday and stops drinking water or anything on Sunday 128 00:05:39.040 --> 00:05:41.759 in that entire time, twenty four hours or what have you, 129 00:05:41.879 --> 00:05:43.759 he did not go to the bathroom. 130 00:05:44.120 --> 00:05:45.480 That is fascinating. 131 00:05:45.600 --> 00:05:47.360 Yeah, I thought he did. 132 00:05:47.759 --> 00:05:49.959 I did too, because it didn't occur to me that 133 00:05:50.000 --> 00:05:53.079 he did not. One of the things that happens in Philips. 134 00:05:53.160 --> 00:05:55.800 This wasn't technically a filibuster. This was just a long speech. 135 00:05:55.800 --> 00:05:59.279 He wasn't preventing any legislation from coming to the floor 136 00:05:59.279 --> 00:06:02.240 of the Senate. But one of the things that he 137 00:06:02.319 --> 00:06:05.399 still gets credit for the twenty five hours, twenty five 138 00:06:05.439 --> 00:06:07.519 and five minutes or whatever it was, he gets credit 139 00:06:07.519 --> 00:06:09.040 for the whole thing. Even though he's not the one 140 00:06:09.040 --> 00:06:11.399 who spoke all the time. He can entertain questions from 141 00:06:11.439 --> 00:06:14.279 other senators, and obviously other senators would come in and 142 00:06:14.279 --> 00:06:17.600 basically give him vocals a break for a few minutes 143 00:06:17.639 --> 00:06:21.480 while they spouted on about whatever politics people things do. 144 00:06:22.560 --> 00:06:25.160 But yeah, I thought that in those moments he'd just 145 00:06:25.240 --> 00:06:26.000 like sneak off. 146 00:06:26.199 --> 00:06:30.360 Yeah, I thought that that that philipbustering or not that 147 00:06:30.399 --> 00:06:31.920 there were times. 148 00:06:31.560 --> 00:06:32.839 For that to be allowed. 149 00:06:32.959 --> 00:06:37.120 Yeah, that is that is something I've been saying that 150 00:06:37.160 --> 00:06:39.879 the Democrats need to do something they need a spark, 151 00:06:40.040 --> 00:06:42.759 they need some sort of mobilization, they need some sort 152 00:06:42.800 --> 00:06:43.759 of gravitas. 153 00:06:44.360 --> 00:06:47.199 And we'll see what they do with this. But it 154 00:06:47.319 --> 00:06:51.639 certainly got a lot of attention, and I do have 155 00:06:51.680 --> 00:06:55.040 a weird I just don't think it's the right attention. 156 00:06:56.040 --> 00:06:57.759 We'll talk about when we get into swamp watch. But 157 00:06:57.800 --> 00:07:00.160 I'm not sure that this was exactly the thing. It's 158 00:07:00.160 --> 00:07:01.360 going to end up being what they. 159 00:07:01.600 --> 00:07:03.600 It might not be right, but it's something. 160 00:07:03.800 --> 00:07:04.399 It is something. 161 00:07:04.560 --> 00:07:06.959 It's a show of caring, it's a show of a pulse. 162 00:07:07.040 --> 00:07:07.920 I guess I should say. 163 00:07:07.959 --> 00:07:10.560 It's also one of those things where Corey Booker acknowledges. 164 00:07:10.600 --> 00:07:13.839 The last the record that he broke was strom Thurman 165 00:07:14.680 --> 00:07:17.360 trying to prevent the Civil Rights Act from nineteen fifty 166 00:07:17.399 --> 00:07:20.079 seven from being passed. So he didn't want that stink 167 00:07:20.439 --> 00:07:22.879 right on the record for the longest speech in the. 168 00:07:22.879 --> 00:07:26.480 Senate, Gary Shannon, come on, give me a break. 169 00:07:27.360 --> 00:07:33.399 When you were a tween, did your parents know who 170 00:07:33.439 --> 00:07:34.839 the heck you were hanging out with? 171 00:07:35.000 --> 00:07:37.480 No, God, I don't think so that's why I would 172 00:07:37.519 --> 00:07:42.279 go to prison. You're a good parent, you raised him right. 173 00:07:42.360 --> 00:07:45.600 They're gonna make good choices, no end of story. 174 00:07:45.680 --> 00:07:48.759 That's that's no, that's such a no no no, no, 175 00:07:48.759 --> 00:07:51.800 no no. You can raise them right. They will make 176 00:07:51.839 --> 00:07:54.879 wrong choices. The question is what they do then in 177 00:07:54.920 --> 00:07:56.800 those wrong choices situation. 178 00:07:56.759 --> 00:07:59.959 Really bad choices that have nothing to do with my parents. 179 00:08:00.279 --> 00:08:04.519 Yeah, that's eleven thirty. Eleven thirty is when we talk 180 00:08:04.560 --> 00:08:09.439 about that. So Liberation today, Liberation day today. President Trump 181 00:08:09.439 --> 00:08:11.639 declared that this is going to be our liberation Day. 182 00:08:12.040 --> 00:08:15.240 He's trying to enact some trade policies to emphasize this 183 00:08:15.759 --> 00:08:18.879 mission that he's talked about many times since twenty fifteen, 184 00:08:19.199 --> 00:08:22.600 This America First policy that he's got saying that we 185 00:08:22.720 --> 00:08:25.839 want to end the American reliance on goods that are 186 00:08:25.879 --> 00:08:29.279 made overseas and other countries that take advantage of us. 187 00:08:29.319 --> 00:08:33.399 When it comes to trade agreements, reciprocal trade agreements, the 188 00:08:33.519 --> 00:08:36.960 question is what do these tariffs look like? They're supposed 189 00:08:36.960 --> 00:08:39.000 to be in place right now, and we just don't 190 00:08:39.000 --> 00:08:39.840 know what they do are. 191 00:08:39.960 --> 00:08:44.559 Part of the problem is they're really not easy to just. 192 00:08:46.360 --> 00:08:49.919 Lay out. They're very complex right when it come. 193 00:08:50.039 --> 00:08:53.240 I mean, just take the auto industry alone and the 194 00:08:53.320 --> 00:08:55.639 fact that it's not as cut and dry and saying 195 00:08:55.919 --> 00:08:59.120 cars that are built here or built somewhere else, are 196 00:08:59.159 --> 00:09:03.120 going to be coming with a tariffs. It's because we 197 00:09:03.240 --> 00:09:05.679 have a global economy, which is why I've said this 198 00:09:05.799 --> 00:09:08.360 feels like we're harkening back to the nineteen fifties of 199 00:09:08.399 --> 00:09:12.960 by American and that whole push, which is easy to say, 200 00:09:13.080 --> 00:09:15.120 but the way that things are made and the way 201 00:09:15.120 --> 00:09:17.879 that we do business with the globe these days, it's 202 00:09:18.000 --> 00:09:21.399 not very easy to just say a tariff is put 203 00:09:21.399 --> 00:09:26.000 on this import or export because we're commingled. So the 204 00:09:26.039 --> 00:09:29.840 cars have parts made in Mexico, in Canada, in Asia, 205 00:09:30.000 --> 00:09:34.840 in America. Does that how is that going to work logistically? 206 00:09:35.120 --> 00:09:38.519 Well? And that's why, like I said yesterday that the 207 00:09:38.600 --> 00:09:41.919 Wall Street Journal was saying that the trade team in 208 00:09:41.960 --> 00:09:45.480 the White House was still trying to their word coalesce 209 00:09:46.000 --> 00:09:49.279 around whatever policy the President had decided upon. He said 210 00:09:49.480 --> 00:09:52.799 he decided on something Monday night. No details about it 211 00:09:52.840 --> 00:09:56.519 all yesterday, but basically sort of the consensus is there's 212 00:09:56.559 --> 00:09:59.200 two paths that he's looking at. One of them would 213 00:09:59.200 --> 00:10:04.679 be a twenty p general tariff on anything imported into 214 00:10:04.720 --> 00:10:09.080 the United States. The other path would be reciprocal tariffs, 215 00:10:09.120 --> 00:10:13.480 which means if France puts a twenty five percent tariff 216 00:10:13.559 --> 00:10:17.799 on basketballs made in the United States, then we will 217 00:10:17.840 --> 00:10:20.600 put a twenty five percent tariff on basketballs that come 218 00:10:20.639 --> 00:10:23.279 from France. The thing about that, and that gets into 219 00:10:23.320 --> 00:10:28.000 your point that it's very complicated. You're talking item by item, 220 00:10:28.639 --> 00:10:32.240 figuring out what tariff exists based on which country it 221 00:10:32.279 --> 00:10:36.679 comes from, and then placing that same tariff for stuff 222 00:10:36.679 --> 00:10:37.559 that goes the other way. 223 00:10:37.720 --> 00:10:39.279 You ever see The Devil Wears Prada? 224 00:10:39.799 --> 00:10:42.360 No, Well, you're gonna think this is some sort of 225 00:10:42.440 --> 00:10:45.879 woman reference, but it's not. It's part of the whole 226 00:10:45.919 --> 00:10:51.759 point of the movie. Miranda is the editor of the 227 00:10:52.200 --> 00:10:55.480 Vogue and she's the Anna Win Tour of the movie, 228 00:10:55.639 --> 00:11:00.320 and she is famous for being very successful and the 229 00:11:00.360 --> 00:11:04.279 boss and just expecting things to get done. And at 230 00:11:04.320 --> 00:11:06.960 one point in the movie she says to her assistant, 231 00:11:07.000 --> 00:11:09.399 where if you're her assistant, you're going to write your ticket. 232 00:11:09.399 --> 00:11:11.279 You can do whatever you want in publishing and in 233 00:11:11.279 --> 00:11:12.159 the fashion world. 234 00:11:12.840 --> 00:11:14.759 Get me the new Harry Potter book. 235 00:11:14.799 --> 00:11:17.639 Well, the New Harry Potter book has not been released, 236 00:11:18.039 --> 00:11:20.879 it has been written, it's not even at the publisher yet. 237 00:11:21.000 --> 00:11:23.279 And it's like, just get it done, Just get my 238 00:11:23.639 --> 00:11:26.600 kids the new Harry Potter book, and it's like, but 239 00:11:26.720 --> 00:11:28.159 how am I supposed to go about that? 240 00:11:28.240 --> 00:11:30.360 It's like, I don't care, just make it happen. 241 00:11:30.840 --> 00:11:33.120 Trump has the same kind of attitude when he wants 242 00:11:33.159 --> 00:11:36.000 things done. And if you watch The Apprentice, you saw 243 00:11:36.039 --> 00:11:38.200 that that's what he was twenty years ago. That's why 244 00:11:38.240 --> 00:11:41.360 he's always been. It's how he chooses people around him. 245 00:11:41.519 --> 00:11:43.799 Just get it done. I want this to happen. I 246 00:11:43.840 --> 00:11:47.519 don't know, don't ask me questions, figure it out. And 247 00:11:47.559 --> 00:11:49.679 that's just the way that he does business. And so 248 00:11:49.720 --> 00:11:51.960 I think that when they say that the team is 249 00:11:51.960 --> 00:11:54.840 trying to coalesce around, they're trying to figure out how 250 00:11:54.879 --> 00:11:57.840 to get it done, what he wants done, and how 251 00:11:57.840 --> 00:12:01.639 to present that to him in look it's done fashion, 252 00:12:01.879 --> 00:12:06.279 when there's no possible way that you can make all 253 00:12:06.360 --> 00:12:09.759 this come together in a matter of months, let alone years. 254 00:12:09.840 --> 00:12:10.039 Yeah. 255 00:12:11.080 --> 00:12:11.600 One of the. 256 00:12:13.039 --> 00:12:15.720 One of the people who suggests that this thing is 257 00:12:15.840 --> 00:12:19.759 probably going to end up being backpedaled is Nigel Green. 258 00:12:19.799 --> 00:12:22.200 He's chief executive of a devere group. 259 00:12:22.519 --> 00:12:25.240 He has said that Trump would be forced to backtrack 260 00:12:25.360 --> 00:12:28.360 because of these things. Right, Yeah, He's made these tariffs, 261 00:12:28.399 --> 00:12:31.879 the cornerstone of the current trade agenda, but that it 262 00:12:32.000 --> 00:12:35.240 might These are again Nigel Green's words, it will crack 263 00:12:35.320 --> 00:12:39.559 under the weight of its own contradictions. Markets crave clarity, 264 00:12:39.720 --> 00:12:45.120 Businesses need stability. A backpole, a back pedal is not 265 00:12:45.200 --> 00:12:48.679 only likely, it's almost inevitable within six to twelve months. 266 00:12:48.879 --> 00:12:52.039 To that end, there was a comment yesterday from Caroline 267 00:12:52.120 --> 00:12:55.720 Levitt from the White House. A reporter asked, have other 268 00:12:55.759 --> 00:12:58.600 countries come to the table to start this negotiation. 269 00:13:00.000 --> 00:13:03.360 We're listening to Gary and Shannon on demand from KFI 270 00:13:03.600 --> 00:13:05.360 AM six forty well. 271 00:13:05.200 --> 00:13:08.440 Just hours away from what President Trump is calling the 272 00:13:08.440 --> 00:13:14.159 rebirth of a nation, new tariffs rolling out against Canada, Mexico, China, 273 00:13:14.320 --> 00:13:17.320 and the EU at four o'clock Eastern time one o'clock 274 00:13:17.399 --> 00:13:22.000 our time. Trump says that these are places that have 275 00:13:22.039 --> 00:13:25.559 taken advantage of the US for decades, and he expects 276 00:13:25.600 --> 00:13:29.879 five trillion dollars in US investments after the tariffs take effect. 277 00:13:30.360 --> 00:13:34.240 Wall Street bracing for the full impact, and as you mentioned, 278 00:13:34.440 --> 00:13:37.240 I believe that was it in MarketWatch where they were 279 00:13:37.279 --> 00:13:42.320 talking to experts who said that stability is very key 280 00:13:42.519 --> 00:13:47.080 for a healthy economy and a healthy Wall Street and 281 00:13:47.159 --> 00:13:50.840 there's one school of thought of opening with tariffs of 282 00:13:50.879 --> 00:13:56.320 this magnitude, but there's an equal school of thought of yes, 283 00:13:56.399 --> 00:13:58.399 but those are going to have to be rolled back 284 00:13:58.480 --> 00:14:03.399 or amended drastically to achieve that stability that makes for 285 00:14:03.440 --> 00:14:04.440 a healthy economy. 286 00:14:04.559 --> 00:14:07.559 And you've got the estimation that it would bring in 287 00:14:07.679 --> 00:14:12.279 six hundred million dollars annually right, that the terriffs would 288 00:14:12.679 --> 00:14:16.519 end up being positive for us to the tune of 289 00:14:16.559 --> 00:14:18.960 the six hundred million, and they've said six trillion over 290 00:14:19.000 --> 00:14:23.840 a decade. That's if you absolutely put your pedal to 291 00:14:23.879 --> 00:14:27.120 the metal and it's the highest tariffs you can get. 292 00:14:27.519 --> 00:14:29.679 It doesn't appear that that's going to be the way 293 00:14:29.720 --> 00:14:33.120 it goes, simply because that's not the way these negotiations 294 00:14:33.279 --> 00:14:36.279 often take place. Now, that uncertainty that we're talking about 295 00:14:36.320 --> 00:14:38.519 that usually is a drain on the markets. As of 296 00:14:38.600 --> 00:14:40.720 right now that all is up one hundred and forty points, 297 00:14:40.919 --> 00:14:43.679 I mean, that's not the only indication, but there is 298 00:14:43.799 --> 00:14:47.000 some amount of confidence, it looks like going into all 299 00:14:47.039 --> 00:14:47.159 of this. 300 00:14:47.799 --> 00:14:50.720 So you were going to play Kristen. 301 00:14:50.399 --> 00:14:54.399 Levitt, Yes, yeah, this is from Catherine Levitt from Mathrenscuse me? 302 00:14:54.480 --> 00:14:56.759 Is that right? Now? You have me confused. 303 00:14:56.879 --> 00:14:59.360 I'm probably screwing it up. I'm bad with names. 304 00:14:59.399 --> 00:15:01.600 The White House Press Secretary love it. 305 00:15:02.360 --> 00:15:06.279 She was asked by a reporter yesterday, Carolyn, Carolyn, there's 306 00:15:06.320 --> 00:15:07.279 a lot of words in there. 307 00:15:07.600 --> 00:15:10.480 They both stirred it up. I said, Chris, and you said, Catherine, 308 00:15:10.519 --> 00:15:11.159 Oh my god. 309 00:15:11.679 --> 00:15:15.080 Somewhere in the middle there, she was asked, are there 310 00:15:15.120 --> 00:15:17.600 other countries that are coming to the table knowing that 311 00:15:17.639 --> 00:15:20.960 this threat of terroriffs exists? How many companies are mutually 312 00:15:21.000 --> 00:15:23.919 talking like the US to her countries are mutually talking 313 00:15:23.960 --> 00:15:25.480 to the US to lower terrorists. 314 00:15:25.720 --> 00:15:27.720 I don't have a specific number, but I can tell 315 00:15:27.720 --> 00:15:29.360 you there have been quite a few countries that have 316 00:15:29.440 --> 00:15:33.200 called the president and have called his team in discussion 317 00:15:33.200 --> 00:15:33.919 about these terrors. 318 00:15:34.440 --> 00:15:36.440 So that's the way he's done this. He did this 319 00:15:36.480 --> 00:15:39.320 with tariffs against Mexico and Canada. He did this with 320 00:15:39.360 --> 00:15:43.879 steel and aluminium imports. The thing is, when we have 321 00:15:43.960 --> 00:15:46.080 no idea what he's going to say at one o'clock today, 322 00:15:46.200 --> 00:15:48.759 that's when this news conference is supposed to be, where 323 00:15:48.759 --> 00:15:51.559 he's going to lay out exactly what he has decided. 324 00:15:51.879 --> 00:15:54.360 They've said that this plan will encourage businesses in the 325 00:15:54.440 --> 00:15:57.799 United States to set up shops here in the United States, 326 00:15:57.799 --> 00:16:00.519 to bring jobs back to the United States, to set 327 00:16:00.559 --> 00:16:04.360 up the manufacturing and increase manufacturing capacity here in the 328 00:16:04.399 --> 00:16:09.559 United States. All of these things genuinely and generally are positive. 329 00:16:09.600 --> 00:16:12.399 They'd be positive for the United States. But it doesn't 330 00:16:12.720 --> 00:16:15.000 happen in the snap of a finger. 331 00:16:15.320 --> 00:16:19.600 No, it doesn't happen over certainly not over a presidential term. 332 00:16:20.039 --> 00:16:24.120 You know, we spoke with someone yesterday who said, yeah, 333 00:16:24.200 --> 00:16:27.639 this is one of those things could be great for America, 334 00:16:27.919 --> 00:16:30.759 but you're going to have to commit to it for ten, twenty, 335 00:16:30.840 --> 00:16:34.840 thirty forty years. This is not something that one president 336 00:16:34.919 --> 00:16:37.960 can put in motion and then it just happens. You've 337 00:16:37.960 --> 00:16:40.600 got to have the buy in for every other administration 338 00:16:40.759 --> 00:16:46.440 down the line. And that's my question. He doesn't have 339 00:16:46.559 --> 00:16:50.480 that right, So what is the play here. 340 00:16:50.960 --> 00:16:51.919 I mean, I know. 341 00:16:51.919 --> 00:16:54.320 That there are people who have yelled at me because 342 00:16:54.320 --> 00:16:57.480 I've said he cares about himself, and they've yelled back 343 00:16:57.480 --> 00:17:00.000 at No, he cares about the country. And this certainly 344 00:17:00.120 --> 00:17:03.320 plays into that argument of he really does put the 345 00:17:03.360 --> 00:17:06.480 country before himself, because on its face, this is a 346 00:17:06.640 --> 00:17:12.039 grave political gamble where you could put the economy in 347 00:17:12.240 --> 00:17:17.880 complete dumpster town with inflation and everything, we're we're not 348 00:17:17.960 --> 00:17:20.400 even out of COVID, we're not out of all of 349 00:17:20.440 --> 00:17:22.359 the inflation that we' s out in the waning days 350 00:17:22.359 --> 00:17:23.480 of Biden's years. 351 00:17:24.200 --> 00:17:25.319 We're not out of that yet. 352 00:17:25.359 --> 00:17:28.599 So you're gonna plunge us further in with this because 353 00:17:28.640 --> 00:17:32.359 of the skyrocketing prices from everything at the market to 354 00:17:32.400 --> 00:17:36.039 the cars, to everything that page people's four O one. 355 00:17:35.960 --> 00:17:37.599 K's and the dumpster as well. 356 00:17:38.279 --> 00:17:40.960 So it's quite a gamble that's only going to pay 357 00:17:41.000 --> 00:17:42.279 off years down the line. 358 00:17:42.319 --> 00:17:44.200 So what's the play? Is my question? 359 00:17:44.359 --> 00:17:47.880 Like, what is his goal here? If you don't have 360 00:17:48.000 --> 00:17:49.920 the buy in for future administration? 361 00:17:50.119 --> 00:17:54.000 Well, I'm assuming, and this may be the an incorrect assumption, 362 00:17:54.119 --> 00:17:56.400 but if Caroline Levitt is correct, and that's her first 363 00:17:56.480 --> 00:18:00.000 name is Caroline. If she's correct, and there are country 364 00:18:00.240 --> 00:18:02.079 that are banging the phones right now to talk to 365 00:18:02.119 --> 00:18:05.319 this guy, then the announcement that comes at one o'clock 366 00:18:05.480 --> 00:18:09.680 could be very much pared down compared to what the 367 00:18:09.720 --> 00:18:12.599 threat was originally, where he says we've come to agreements 368 00:18:12.680 --> 00:18:15.119 with India, we've come to agreements with Ireland, We've come 369 00:18:15.119 --> 00:18:19.359 to agreements and begins to sort of parse out the 370 00:18:19.400 --> 00:18:22.519 details about which individual countries have come to the table 371 00:18:22.799 --> 00:18:27.119 to negotiate. Maybe again, it's one of those things where 372 00:18:27.559 --> 00:18:30.000 even the trade team from within the White House has 373 00:18:30.000 --> 00:18:32.160 said they're not quite sure what's going to happen at 374 00:18:32.160 --> 00:18:32.720 one o'clock. 375 00:18:32.839 --> 00:18:35.279 Well, and the other question is is if it's that 376 00:18:35.480 --> 00:18:39.200 simple to get other countries to the table and reduce 377 00:18:39.279 --> 00:18:42.160 the tariffs that we pay and US as America not 378 00:18:42.200 --> 00:18:44.960 getting screwed as much as he says we are, why 379 00:18:45.000 --> 00:18:46.680 hasn't that been done. 380 00:18:46.759 --> 00:18:47.480 For the same thing. 381 00:18:47.599 --> 00:18:52.400 It's because it's politically, not it's a different audience, but 382 00:18:52.440 --> 00:18:56.960 politically on the international scale or the international stage, it 383 00:18:57.039 --> 00:19:01.640 doesn't work well with other countries. You're talking about the 384 00:19:01.680 --> 00:19:06.039 political capital that he has to have with the consumer 385 00:19:06.079 --> 00:19:08.440 within the United States to deal with what could be 386 00:19:08.480 --> 00:19:11.960 some hard times now. The international agreements that have to 387 00:19:12.000 --> 00:19:14.799 be made to predict, you know, to break these tariffs 388 00:19:14.880 --> 00:19:17.680 or to at least lower them, puts US at a 389 00:19:17.720 --> 00:19:23.720 disadvantage internationally, or it could endanger those international relations. 390 00:19:23.920 --> 00:19:24.599 He doesn't care. 391 00:19:24.839 --> 00:19:27.319 This may be the time then, from what you're saying 392 00:19:27.519 --> 00:19:30.680 that he has the political capital here, the feel good 393 00:19:30.799 --> 00:19:33.880 vibes for him right now that he can wager that 394 00:19:34.400 --> 00:19:37.039 to get these guys internationally to come to the table, 395 00:19:37.119 --> 00:19:38.680 reduce their tariffs. 396 00:19:38.279 --> 00:19:39.279 And then it's a win win. 397 00:19:39.400 --> 00:19:39.559 Well. 398 00:19:39.599 --> 00:19:42.279 He said repeatedly since November that this was his mandate, 399 00:19:42.359 --> 00:19:45.599 that this was what reason why he was elected, was 400 00:19:45.880 --> 00:19:48.720 to do things like this. Yeah, to move the deal 401 00:19:48.960 --> 00:19:52.960