Speaker 1: This is Gary and Shannon and you're listening to KFI
Speaker 1: AM six forty, the Gary and Shannon Show on demand
Speaker 1: on the iHeartRadio app. Well breaking news today to tell
Speaker 1: you about. We've had our eye on the stock market
Speaker 1: ever since a Liberation Day of last week and today
Speaker 1: a massive spike on Wall Street just in the past
Speaker 1: half hour or so because President Trump announced a ninety
Speaker 1: day pause on some tariffs. This is all about obstensively China.
Speaker 1: In a post on truth Social he said he will
Speaker 1: also lower reciprocal tariffs during this period. He said the
Speaker 1: pause is effective immediately, and the tariff against China, however,
Speaker 1: has gone up to one hundred and twenty five percent
Speaker 1: because they hit back overnight with reciprocal tariffs. This is
Speaker 1: all to punish China and to corral the rest of
Speaker 1: the world using their words to be with the United State,
Speaker 1: to say, okay, we're now no longer at tariff war
Speaker 1: with everybody else, because people are picking up the phone
Speaker 1: and they're calling us and they're ready to renegotiate. So now,
Speaker 1: since China's been so defiant and has doubled down, we're
Speaker 1: gonna go ahead and bring.
Speaker 2: In the rest of the world.
Speaker 1: To our side, and we're going to negotiate with them,
Speaker 1: and we're gonna go harder against China.
Speaker 3: So the tweet that came sorry the truth social posts
Speaker 3: that came out just a short time ago. Scott Bessett
Speaker 3: apparently was in the room along with Howard Luttney, the
Speaker 3: Commerce Secretary, while Donald Trump was writing this thing out,
Speaker 3: And Howard Lutnick just wrote on Twitter, Scott Bessett and
Speaker 3: I sat with the President while he wrote one of
Speaker 3: the most extraordinary truth posts of his presidency. The world
Speaker 3: is ready to work with Trump to fix global trade,
Speaker 3: and China has chosen the opposite direction. So that's what
Speaker 3: Howard Lutnik, again, the Commerce Secretary wrote.
Speaker 4: But this is what Trump wrote.
Speaker 3: This is the full truth social posts that came out
Speaker 3: just before ten to thirty hour time.
Speaker 4: Quote.
Speaker 3: Based on the lack of respect that China has shown
Speaker 3: to the world's markets, I am hereby raising the tariff
Speaker 3: charged to China by the United States of America to
Speaker 3: one hundred and twenty five percent effective immediately. At some point,
Speaker 3: hopefully in the near future, China will realize that the
Speaker 3: days of ripping off the USA and other countries is
Speaker 3: no longer sustainable or acceptable. Conversely, and based on the
Speaker 3: fact that more than seventy five countries have called representatives
Speaker 3: of the United States, including the Departments of Commerce, Treasured Treasury,
Speaker 3: and the USTR, to negotiate a solution to the subjects
Speaker 3: being discussed relative to trade, trade barriers, tariffs, currency manipulation,
Speaker 3: and non monetary tariffs, that these countries have not, at
Speaker 3: my strong suggestion, retaliated in any way, shape or form
Speaker 3: against the United States. I have authorized a ninety day
Speaker 3: pause and a substantially lowered reciprocal tariff during this period
Speaker 3: of ten percent, also effective immediately. I would have preferred
Speaker 3: a few more punctuation marks in there. Thank you for
Speaker 3: your attention to this matter, it says. I think that's
Speaker 3: a very funny salutation, But thank you for the attention
Speaker 3: to this matter. So again, a ninety day pause on
Speaker 3: the reciprocal tariffs except for China, and it does keep
Speaker 3: a ten percent baseline tariff in place, if nothing else,
Speaker 3: just to make it uncomfortable enough to continue to spur
Speaker 3: those other countries to coming to the table to figure
Speaker 3: out what we're going to do in terms of individual
Speaker 3: trade agreements with each of those Each of those countries.
Speaker 2: It's interesting that he said that what was the be cool.
Speaker 3: Social media post that was this morning, right as the
Speaker 3: market's opened, and it was be cool basically like, this
Speaker 3: is a time to get into the market because the
Speaker 3: prices are going to be low. Right, everything is going
Speaker 3: to work out well, he wrote, the USA will be
Speaker 3: bigger and better than ever before. This is a great
Speaker 3: time to buy all caps, is what he wrote.
Speaker 2: Well this morning was yeah, and the right.
Speaker 4: I mean, listen, the doubts back up over forty five.
Speaker 1: That's a delicate dance, isn't it when you're getting on
Speaker 1: social media and saying this is a great time to buy,
Speaker 1: knowing that you could be the person that changes the
Speaker 1: fate of the stock market by the end of the day.
Speaker 3: Well, that is an important thing to remember, and you
Speaker 3: mentioned it right before we would but before we went
Speaker 3: to news. Is the timing of comments like this or
Speaker 3: in this case a social media post is very very important.
Speaker 4: And he knows.
Speaker 2: That market manipulation.
Speaker 4: Well, he had the ability.
Speaker 3: I don't know if he saw the headlines that we
Speaker 3: saw yesterday, which were talking about how no other presidency
Speaker 3: at the beginning of a term has I seen a
Speaker 3: market turned so South so quick, and he did not
Speaker 3: want to live with that record because he has touted
Speaker 3: how great the economy would be as soon as they were,
Speaker 3: as soon as we threw off the shackles of a
Speaker 3: Biden administration.
Speaker 1: I wonder, just because this is somebody who likes to
Speaker 1: play with money, likes to roll the dice his whole life.
Speaker 2: He's a businessman. This is what he does.
Speaker 1: You know, I was telling you about advice from money
Speaker 1: people that said, if you have anything extra, now's the
Speaker 1: time to invest.
Speaker 2: I mean, you just wonder who who did that?
Speaker 1: Who took advantage knowing that he was going to pull
Speaker 1: the plug on this thing when he pulled the plug
Speaker 1: on this thing.
Speaker 4: Who's making money?
Speaker 2: Who made money and how much?
Speaker 4: I'm sure there's plenty of people.
Speaker 1: And I mean, you don't have to be an insider
Speaker 1: to act on something like this as you see it
Speaker 1: play out. You don't have to be an insider to
Speaker 1: know Trump's personality. And he was not going to let
Speaker 1: this continue. He was not going to let this slide
Speaker 1: on Wall Street go on for weeks. He just that's
Speaker 1: just not his personality. Time I could have told you that.
Speaker 1: So it's not like you need to be an insider
Speaker 1: to have that kind of information that he was only
Speaker 1: going to let this go for so long.
Speaker 4: Well, yeah, but you just.
Speaker 1: Wonder, if you know, I think his beef with China
Speaker 1: is the driving factor here. I think that he has
Speaker 1: has had it in his craw for a long time
Speaker 1: what China has been doing with tariffs, what they've been
Speaker 1: able to do.
Speaker 3: Scott Besson mentioned that when he's standing outside the White House,
Speaker 3: the President's talked about Chinese trade imbalances for years, right,
Speaker 3: And this is not a new thing. It's not just
Speaker 3: a campaign issue. It was a first term issue. Uh,
Speaker 3: And he's talked about it long before that.
Speaker 1: So he said in than nineteen eighties, I believe very
Speaker 1: strongly in tariffs. All of the many nations that abuse
Speaker 1: the United States should pay a major tax, he said,
Speaker 1: like a fifteen or twenty percent tax on any product
Speaker 1: they sell in the United States. Again, that was the
Speaker 1: late eighties, not this week. This is something he's been
Speaker 1: thinking about for a long time.
Speaker 3: The one thing that's still on the on the chopping
Speaker 3: block here potentially is the pharmaceutical terraffs, because he had
Speaker 3: threatened this morning that pharmaceutical terrafs were going to be
Speaker 3: going up soon. We'll talk more about this.
Speaker 1: Yeah, let's do that, because China makes a lot of
Speaker 1: the things that go into our favorite drugs.
Speaker 4: Gary and Channon will continue.
Speaker 5: You're listening to Gary and Shannon on demand from KFI
Speaker 5: AM six forty.
Speaker 1: Well Wall Street loves this breaking news, to the tune
Speaker 1: of oh, I don't know. The Dow up twenty six hundred.
Speaker 3: Dal's of seven percent, S and P five hundred is
Speaker 3: up eight percent, DAC is up ten percent, and that's
Speaker 3: just within the last hour. Again, the announcement that there
Speaker 3: will be a ninety day pause on almost all of
Speaker 3: the reciprocal tariffs except for China. We mentioned that Scott Passent,
Speaker 3: the Treasury Secretary, was answering questions outside the White House
Speaker 3: after this decision was made and after it was posted
Speaker 3: onto truth Social. One of the reporters asked the Treasury
Speaker 3: Secretary if this was since China's the one that's going
Speaker 3: to have these one hundred and twenty five percent tariffs remain,
Speaker 3: is this all about isolating China and turning them into
Speaker 3: the bad guy.
Speaker 6: For all of this, Well, it's about bad actors. And
Speaker 6: what we will see is some of the very early
Speaker 6: countries are China's neighbors that we're going to see. I'm
Speaker 6: seeing Vietnam today, Japan's at the front of the queue,
Speaker 6: South Korea, India, so you know, we will see. And
Speaker 6: as I've repeatedly said, and President Trump has been saying
Speaker 6: it four years, China is the most imbalanced economy the
Speaker 6: history of the modern world. And they are the biggest
Speaker 6: source of the US trade problems, and indeed they are
Speaker 6: problems for the rest of the world because what we've
Speaker 6: seen is that as a US announced the tariff wall
Speaker 6: last week, many of those goods have already started letting
Speaker 6: into Europe.
Speaker 1: When China came out with the reciprocal tariffs, that's when
Speaker 1: you really saw hedge funds and other investors big money
Speaker 1: situations having to sell their bonds to raise cash to
Speaker 1: make up for losses in the stock market. That's not
Speaker 1: a tenable situation. So that is could be one of
Speaker 1: the reasons why you saw this happen when it did,
Speaker 1: because that happened pretty much overnight. Now, of course we're
Speaker 1: trying to isolate China, of course, that's what's going on here.
Speaker 1: The thing about China is they're fine with that. And
Speaker 1: if you want to talk about pharmaceuticals, which we should
Speaker 1: talk about. When the President comes out and says we're
Speaker 1: going to play with pharmaceuticals, that's going to be one
Speaker 1: of the games we're playing here with China. You're picking
Speaker 1: a fight with the other big dog in the yard.
Speaker 1: I mean, it's a real ding dog. I think when
Speaker 1: it comes to the United States in China, in terms
Speaker 1: of pharmaceutical manufacturing, I believe that one of let's see here,
Speaker 1: China is the world's largest producer of what's called APIs.
Speaker 1: APIs are basically the ingredients that give drugs their intended effect. Pharmaceuticals,
Speaker 1: like everything else, it's just cheaper to make these things
Speaker 1: that active pharmaceutical ingredients.
Speaker 2: It's cheaper to make them in China.
Speaker 1: There's been a move recently to bring especially after covid or,
Speaker 1: you're relying on China for things in the medical industry.
Speaker 2: There was a conversation at that.
Speaker 1: Time, Hey, we got to move some of this back
Speaker 1: to the United States, Like prices be damned, we cannot
Speaker 1: rely on China to manufacture our drugs.
Speaker 2: That's ridiculous. But do you think about how reliant we are.
Speaker 3: And our memories are short and once it's no longer
Speaker 3: a big deal, and we're not talking about vaccines being.
Speaker 4: Produced in other countries. People forget about it.
Speaker 2: There wasn't a lot of pressure.
Speaker 1: Yeah, one drug maker in China, wu she Apptech, is
Speaker 1: estimated to be involved in producing one fourth of the
Speaker 1: medications used in the United States.
Speaker 2: China produces more than.
Speaker 1: A third of the world's supply of antibiotics as well.
Speaker 3: So the President last night was giving a speech to
Speaker 3: the National Republican Congressional Committee, and he said, we're going
Speaker 3: to announce very shortly a major tariff on all on pharmaceuticals. So,
Speaker 3: as you're pointing out, since twenty twenty, since before the pandemic,
Speaker 3: US imports of Chinese pharmaceuticals have grown by three hundred
Speaker 3: and ninety percent. We're now up over ten billion dollars
Speaker 3: when it comes to pharmaceuticals that are coming into the
Speaker 3: country from China, and the capital of Beijing is really
Speaker 3: where it is all centered.
Speaker 4: That of course cuts the cost for production.
Speaker 3: They launched a five year plan to increase the development
Speaker 3: of consumer drugs, and the whole thing is trying to
Speaker 3: crack down, to tighten the screws down on that pharmaceutical
Speaker 3: growth by encouraging drug makers, whether they're American drug makers
Speaker 3: or international drug makers, to make plants here because of
Speaker 3: the onset of these levels levies. Again, that's all part
Speaker 3: of what's going on now. I don't know the threat
Speaker 3: that he said that they're going to target pharmaceuticals next,
Speaker 3: that came last night.
Speaker 4: We have no idea.
Speaker 3: Scott Bessett, the Treasury Secretary, wasn't able to shed any
Speaker 3: light on it when he was talking today. Does this
Speaker 3: mean that all of this tariff talk is paused for
Speaker 3: ninety days, or does it mean that the President still
Speaker 3: has a couple arrows in his quiver and he's going
Speaker 3: to start firing off some very targeted, market specific or
Speaker 3: industry specific tariffs to these different places.
Speaker 1: I want to continue the conversation about prescriptions, because ninety
Speaker 1: percent of the prescriptions involved generic medicines in this country.
Speaker 2: You know that you're probably all on generics.
Speaker 1: All of my things, the myriad drugs I take.
Speaker 4: Should we talk about.
Speaker 1: Vitamin D and my thyroid and multi vitamin and magnesium thyroid.
Speaker 2: The thyroid is actually not generic.
Speaker 1: Because the generics vary so much in their dosages and
Speaker 1: they play around with it depending on whoever makes it.
Speaker 1: I don't mess around with it when it comes to
Speaker 1: the thyroid because a mood level or exactly. But anyway,
Speaker 1: so ninety percent of our drugs are generics and we
Speaker 1: get most of those from China. And the Pills Act
Speaker 1: was just reintroduced on Capitol Hill. This was something that
Speaker 1: the President campaigned on bringing more critical medicines back to
Speaker 1: being in the US, and that was a bill that
Speaker 1: was on the table on Capitol Hill last year and
Speaker 1: now has been reintroduced. But to your point, the legislation
Speaker 1: has not kept up to well. I mean, it provides
Speaker 1: a number of incentives for the companies to bring back
Speaker 1: production to the United States.
Speaker 2: But that has not been done yet.
Speaker 1: Like all these all these moved the manufacturing, move production
Speaker 1: back to the United States, all excellent ideas. It just
Speaker 1: until we get there. We're in limbo and we're reliant
Speaker 1: on these other countries.
Speaker 3: And nobody wants the gap. Nobody wants to wait through
Speaker 3: the gap.
Speaker 5: No, you're listening to Gary and Shannon on Demand from
Speaker 5: KFI AM six forty.
Speaker 3: The biggest story of the day is that Donald Trump
Speaker 3: has decided to pause tariffs ninety day pause on reciprocal tariffs.
Speaker 3: He will keep in place a ten percent baseline tariff
Speaker 3: for into the United States from other countries. And as
Speaker 3: of the announcement that he made about an hour ago,
Speaker 3: he suggested that in fact, other countries had come to
Speaker 3: the table. Seventy five plus other countries had supposedly contacted
Speaker 3: the United States in an attempt to start the process
Speaker 3: of negotiating new trade deals. Scott Bessett, the Secretary of
Speaker 3: the Treasury, was outside the White House and described this
Speaker 3: as a pretty brilliant move by the president.
Speaker 4: Those were his words.
Speaker 6: President Trump created maximum negotiating leverage for himself and which
Speaker 6: terrorists went into effect fifteen hours ago. The ones that
Speaker 6: we have a lower went into effect a week ago,
Speaker 6: or they were announced a week ago. And we have
Speaker 6: just been overwhelmed, overwhelmed by the response from mostly our
Speaker 6: allies who want to come and negotiate in good faith.
Speaker 6: So we are expecting them to come with their best deal,
Speaker 6: as I said, or we could go today, don't retaliate.
Speaker 6: Older Brown see what happens. And China, they kept escalating
Speaker 6: and escalating, and now they have one hundred and twenty
Speaker 6: five percent tariffs. So the effective immediately I.
Speaker 1: Want to talk about drugs, pharmaceuticals. The President has talked
Speaker 1: about moving pharmaceuticals and the manufacturing of them back to
Speaker 1: the United States for a long time, the way he's
Speaker 1: talked about automotive things in the past. Here's just a
Speaker 1: few numbers with you stay with me. Between twenty twenty
Speaker 1: and twenty twenty two, US imports of China made pharmaceuticals
Speaker 1: grew four hundred and eighty five percent four hundred and
Speaker 1: eighty five percent, which is what led to the President
Speaker 1: saying early in the campaign. Just two years later in
Speaker 1: twenty twenty four, we need more critical medicines made in
Speaker 1: the US. Now, there was, as I mentioned, a bill
Speaker 1: floating around Capitol Hill called the Pills Act. It was
Speaker 1: in the House and it was introduced by a Republican
Speaker 1: out of New York. It provides tax incentives to produce
Speaker 1: generic drugs in the US. That stalled. It's been reintroduced
Speaker 1: just this year. But pharmaceutical companies took note of what
Speaker 1: Trump said back in the campaign days and here's his
Speaker 1: direct quote.
Speaker 2: From the campaign.
Speaker 1: As part of my plan to obtain total independence from China,
Speaker 1: we will phase in tariffs and import restrictions to bring
Speaker 1: back production of all essential medicines to the US where
Speaker 1: they belong. Eli Lilly in response, said it would invest
Speaker 1: about twenty seven billion dollars in an API facility. As
Speaker 1: you heard in the last segment, I believe API that
Speaker 1: stands for the active pharmaceutical ingredients, so many of which
Speaker 1: we get from China, most of which we get from China.
Speaker 1: So Eli Lilly has already moved forward with doing it,
Speaker 1: closing the gap. I guess, shall we say, in terms
Speaker 1: of definitely already signing the checks to beef up existing
Speaker 1: labs in this country, more facilities, more pharmaceuticals made here.
Speaker 1: The Manjaro is one of the things that they stepped
Speaker 1: up production and the US for as well. So some
Speaker 1: people did hear what Trump was saying a year ago
Speaker 1: and have kind of moved the ball in this direction
Speaker 1: because I saw this coming.
Speaker 3: Trump also has criticized pharmaceutical companies here in the United
Speaker 3: States for registering their intellectual property in Ireland, one because
Speaker 3: of the low corporate tax rate, and that's one of
Speaker 3: the things that he has been talking about. He said
Speaker 3: that we don't produce enough antibiotics. You had mentioned that
Speaker 3: China is one of the major producers of antibiotics along
Speaker 3: with India, and that it's unfair that we in the
Speaker 3: United States pay the prices that we do for some
Speaker 3: of these brand name drugs that in other wealthy countries
Speaker 3: they don't pay.
Speaker 4: Some of them don't pay for them.
Speaker 3: I mean, the government picks up the tab, but that
Speaker 3: if it's passed on to us here in America, we
Speaker 3: pay exorbitant prices for some of those things.
Speaker 1: Another piece of information from the this didn't come out
Speaker 1: of nowhere file.
Speaker 2: You brought up India.
Speaker 1: In India's importance in terms of being a trade partner
Speaker 1: with US. We talked about how it's also a big
Speaker 1: trade partner with China, but India, China kind of has
Speaker 1: India by the balls when it comes to pharmaceuticals because
Speaker 1: India gets seventy percent of its pharmaceuticals from China. So
Speaker 1: that's going to be a main driving factor. China also
Speaker 1: took note of Trump in the campaign years talking about tariffs.
Speaker 2: He talked about it his last term.
Speaker 1: He started he started playing around with China his last term,
Speaker 1: and we could talk about that as well. But China
Speaker 1: started this new campaign, you know, make America great again.
Speaker 1: Here China started their own Made in China twenty twenty
Speaker 1: five campaign with the Laser focus on Biotech, which is
Speaker 1: essentially making pharmaceuticals in China. So this is something that
Speaker 1: both countries have been working towards. They both see how
Speaker 1: powerful of a drug the pharmaceutical industry is when it
Speaker 1: comes to these tariffs.
Speaker 3: So then how much pressure how It's hard to describe
Speaker 3: or hard to ask the question in the right terms,
Speaker 3: but how much pressure does this add to the pressure
Speaker 3: that they have already felt.
Speaker 1: I think the good news for us, the people who
Speaker 1: take the drugs is they need each other. The United
Speaker 1: States and China both can't say fu in this department, right,
Speaker 1: They just can't. They're too reliant on each other.
Speaker 3: You can call it about all the industries though, I mean,
Speaker 3: think about appliances.
Speaker 2: But you mess with people's drugs, my god.
Speaker 4: We will continue garing that TikTok was bad. We'll be
Speaker 4: right back.
Speaker 5: You're listening to Gary and Shannon on demand from KFI
Speaker 5: AM six forty.
Speaker 4: President Trump has paused.
Speaker 3: Tariffs for ninety days against most countries, but he's raised
Speaker 3: the Chinese rate to one hundred and twenty five percent
Speaker 3: because of a lack of respect in this even though
Speaker 3: they don't want to call it a trade war, it's
Speaker 3: shaping up to be. Smells like a trade war, sounds
Speaker 3: like a trade war.
Speaker 1: Well, let's talk about should we do good news? Should
Speaker 1: we have a good news moment? Sure, if these gains hold,
Speaker 1: it'll be the best day for the S and P
Speaker 1: five hundred eight since March twenty twenty, and the market
Speaker 1: recovery from that early pandemic and do sell off. Nearly
Speaker 1: every stock index is up. Airlines, tech companies, Tesla among
Speaker 1: other companies to soar over twenty percent if things hold.
Speaker 1: Like I was mentioning, Tesla's shares of automakers rose even
Speaker 1: though twenty five percent tariffs on imported cars remain in place.
Speaker 1: Tesla up nineteen percent, Forward GM both up about eight percent.
Speaker 1: Investors betting if these numbers are true and they hold,
Speaker 1: Investors are betting that carmakers will also get a reprieve.
Speaker 2: From the administration.
Speaker 3: I don't have good news, but I have funny news, Okay.
Speaker 3: Megan Markle says that we may head into a recession
Speaker 3: because of the terrifying Okay.
Speaker 1: So I've reached pinnacle recession feedback at this point. Justin
Speaker 1: Worsham usually joins us, and he was going to he's here,
Speaker 1: we're going to be parenting. But then as hit the fan.
Speaker 1: But that doesn't mean we don't want to talk to
Speaker 1: Justin because Justin has a show that he's doing on KFI. Yeah,
Speaker 1: it is on the weekend. It is Sunday afternoons two
Speaker 1: to four.
Speaker 7: You could tune in iHeartRadio app anywhere or live on
Speaker 7: the radio.
Speaker 4: We did it first time.
Speaker 5: It went great.
Speaker 7: I didn't burn the place down. I actually think it
Speaker 7: was successful. I think we got some great people giving
Speaker 7: feedback that they really love the idea. It's just talking
Speaker 7: southern California real estate, anything related.
Speaker 1: To housing, and it's very vulid all these days.
Speaker 7: Yeah, and it's hard like that that we That was
Speaker 7: one of the comments that somebody like sent in via
Speaker 7: the talkback was like they appreciated getting an education on
Speaker 7: it because it's something that very most people don't know
Speaker 7: anything about.
Speaker 4: Even if you've bought and sold multiple homes.
Speaker 3: Especially I was going to say, even if you've bought
Speaker 3: multiple homes, that's you're not going to do a lot
Speaker 3: in your life, right. I mean, my wife and I
Speaker 3: have three we've had three homes that we've bought, and
Speaker 3: that's over the course of fifty two years. That's spread out.
Speaker 3: That's a lot of differences, and there's a lot of
Speaker 3: things that happened between the times of a house purchase
Speaker 3: or sale or something like that. So there's a lot
Speaker 3: that I'm sure there's a lot of people that go
Speaker 3: in that into it with unease.
Speaker 1: It's like watching sausage get made. Right, Usually you hire someone.
Speaker 4: To make No, he's getting it directly from her ex.
Speaker 2: That was you who brought her into our lives.
Speaker 4: Today.
Speaker 2: I did not bring her into our lives. You opened the.
Speaker 1: Real estate to me is like watching sausage get made.
Speaker 1: I love my home. I love it, but I do
Speaker 1: not want to know what went into me living there. Yea,
Speaker 1: it is too. It's just all this stuff I don't
Speaker 1: want to pay attention to, and that, to me, is
Speaker 1: what real estate is.
Speaker 7: I hope I listen. I hope they continue to do it.
Speaker 7: So far it seems like there's it's looking good. I
Speaker 7: have at least next week to do. We're going I
Speaker 7: know we're gonna kick off the show talking about could
Speaker 7: what impact could these tariffs when they are unpaused affect
Speaker 7: how that could affect housing. I want to talk a
Speaker 7: little bit about like the tidbits of staging a house,
Speaker 7: like does it where, does it make sense?
Speaker 4: When doesn't it make sense?
Speaker 7: And then I want to give a tidbit about property
Speaker 7: management as a job for people who are looking to
Speaker 7: make housing more affordable.
Speaker 3: For I heard you mentioned that just in terms of
Speaker 3: that being a gig that you had for me, I did.
Speaker 7: That's how I paid my bills as an up and
Speaker 7: coming comic and saved up money to buy my house
Speaker 7: in Burbank. Was just I was a property manager for
Speaker 7: almost four years, and I just paid myself for rent
Speaker 7: and live rent free and only work twenty hours a
Speaker 7: month maybe on that on that apartment.
Speaker 2: Great gig, great gig.
Speaker 4: I loved it all right, two to four.
Speaker 1: He's not just a pretty face. He's not just here
Speaker 1: to make you laugh, guys. He's here to make your money.
Speaker 1: It is too bad that the haircut gets wasted on
Speaker 1: the radio.
Speaker 4: I know, right, Yeah, I didn't think about that when I.
Speaker 2: Got it yesterday in a moment.
Speaker 6: Yeah.
Speaker 3: So if you people are listening, when when Justin comes
Speaker 3: on on Sunday two o'clock, just closurizing and think of
Speaker 3: you got the haircut.
Speaker 7: Do you see the divid I had them cut from
Speaker 7: my headphones right here. Just I put a little spot
Speaker 7: for it so it doesn't get ramped up like mine.
Speaker 7: I'm going full blown radio person. That's what I've decided.
Speaker 7: You're gonna just wear a bald spot.
Speaker 4: Yeah, the risk. I look good at headphones sideways mohawk. Right,
Speaker 4: I got it all.
Speaker 1: Right, I've got some breaking recession news here cold. According
Speaker 1: to Goldman Sacks, it just released a note. As a
Speaker 1: result of Trump's announcement on this pause, Goldman Sacks no
Speaker 1: longer officially forecasting a recession.
Speaker 2: Here's the quote.
Speaker 1: We are reverting to our previous non recession baseline forecast
Speaker 1: with GDP growth of point five percent and a forty
Speaker 1: five percent probability of recession, backing off their assertion that
Speaker 1: we were headed for a recession.
Speaker 7: And I'm sure you guys will break in with Megan
Speaker 7: Markle's reaction to that, right, Oh yeah, yeah, we'll get
Speaker 7: some gold.
Speaker 2: But what was she wearing?
Speaker 3: Well, all of her food and stuff is all made
Speaker 3: in America. She's she's not too concerned that the tariffs
Speaker 3: are gonna end.
Speaker 2: Why do you know so much about her, that's fascinating.
Speaker 7: Well, why don't you, Yeah, she's making I'm an American,
Speaker 7: she's so.
Speaker 4: Is she She's Canadian? She Canadian? Yes, you lost all
Speaker 4: credibility with your Marko cred now huh.
Speaker 1: And she's by way of the Brits who put all
Speaker 1: those tariffs on it.
Speaker 2: Why do you think we're here?
Speaker 1: Good lord, Oh gosh, we'll talk trending when we come back.
Speaker 3: Shannon, you've been listening to The Gary and Shannon Show.
Speaker 3: You can always hear us live on KFI AM six
Speaker 3: forty nine am to one pm every Monday through Friday,
Speaker 3: and anytime on demand on the iHeartRadio app.