Transcript
Shopify Ad (0:00)
This episode is brought to you by Shopify. Upgrade your business with Shopify, home of the number one checkout on the planet. Shop pay boosts conversions up to 50%, meaning fewer carts going abandoned and more sales going Cha Ching. So if you're into growing your business, get a commerce platform that's ready to sell wherever your customers are. Visit shopify.com to upgrade your selling Today.
1-800-Flowers Ad (0:22)
Moms deserve our very best. Especially on Mother's Day. There's only one place I trust to deliver high quality mom approved rose bouquets. 1, 1, 800, flowers.com this year, 1, 800, flowers wants to make sure all the mothers in your life get the best with double the roses for free. When you buy one dozen, they'll double your bouquet to two dozen roses. To claim the double roses offer, go to 1-800-flowers.com Spotify that's 1-800-flowers. Com Spotify, the official florist of Mother's Day.
Warby Parker Ad (0:52)
What makes a great pair of glasses? At Warby Parker, it's all the invisible extras without the extra cost. Their designer quality frames start at $95 including prescription lenses plus scratch resistant, smudge resistant and anti reflective coatings and UV protection and free adjustments for life. To find your next pair of glasses, sunglasses or contact lenses, or to find the Warby Parker store nearest you, head over to warbyparker.com that's warbyparker.com when you.
Military Recruitment Ad (1:23)
Think about your future, you know what calls to you? Meaningful work, happiness, growth and sharing these values with others. But how will you find all of that? There are many paths forward, including one you may not have considered. The military provides countless opportunities to pursue your calling where you can be part of something bigger than yourself while still being yourself and having the future you want. You have a calling. We have an answer. Learn more@todaysmilitary.com well, here we go again.
Political Commentator (1:54)
Donald Trump is getting mocked by the entire world for caving once again to Xi Jinping in China. Again showing that guess what Donald? You don't hold the cards. Usually someone who's out there saying I hold the cards. You don't hold the cards. You often can call that a tell. You see some of these memes right here of Xi Jinping just laughing at Donald Trump and outmaneuvering him. So yesterday, Donald Trump held a press conference where he said the following. He said that the ultimate tariffs on China are going to be nowhere near 145%. Who would ever put 145% tariffs? That's too much. That's what you Said Donald Trump said it's gonna come down substantially. It won't be zero, it's gonna be more than zero, but we will see. And then he goes, I think we're gonna be able to make a deal with China. This is after Donald Trump begged Xi Jinping and China to call and do something, but China held firm and didn't do anything at all. Also, Donald Trump, you know, he's seeing the bond market implode, he's seeing the 10 year treasury yields move closer to 5, which is basically, I think, well, technically 4.5%, I think is Donald Trump's kind of pain point, but it could go higher. And so now he wants to announce all of these fake deals. So one of the things that was announced is that they may have an agreement in principle with Japan on trade. It's an outline that they want to announce. But when you dig into the details, again, it's just completely BS and they're just once again just making it all up. You know, if you looked at what went down earlier in the day yesterday, I think it was one of the most important things and it seems like more market manipulation taking place where this is what was reported by Bloomberg that Scott Besant sees de escalation with China. Situation is now looking unsustainable. There was a private meeting that was hosted by JP Morgan Chase in Washington. It was not open to the public or to the media, but Scott Besant was there and all of these hedge funds and private equity companies were there. Closed door meeting, an investor summit where Scott Bessant said the standoff as it is with China right now is unsustainable and he expects the situation to de escalate. So one of the things we noticed early in the morning, despite all of this bad market data out there, the market was trading up and was doing well. So it was like what was driving that? Well, apparently there was a lot of insider information being exchanged during closed door sessions where Wall street wins and Main street gets absolutely screwed as inside information is being exchanged. And then thereafter, you had Donald Trump hold this press conference in the afternoon, right as markets had closed, saying, you know, I think that we want maybe de escalate this with China. Once the insiders made a lot of their money after the market crashed. You see that kind of cycle repeat itself over and over again. Here's another meme that I saw. Listen up, President Xi, I'm sorry, You know, there's a lot going on though, because Trump's volatility, what Trump's causing to the markets it's having real world impact. Yesterday, intel announced that it planned to lay off more than 20% of its staff this week. ConocoPhillips plans major layoffs as part of its broad restructuring. Then you take a look at what was happening with Tesla. Elon sounded extremely depressed on the earnings call yesterday after Tesla profits plunged 71%. From this Gizmodo article, they explained how Musk's tone was noticeably downbeat. He didn't have the same carnival style salesmanship that often accompanies the public facing announcement. For Tesla, he seemed very, very down. And there was a few accounting tricks that they did as well where they sold some of these regulatory credits. But for that they would have actually lost money this quarter. So Donald Trump in the Oval Office, let me just share with you. This is the moment where he talked about how those 145% tariffs were too high. Very, very high. He said, here, play this clip, suggested that tariff rate as high as they.
