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Speaker 1: My apologies, Rich a little bit late, but you can

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Speaker 1: you can wade us through the mess.

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Speaker 2: Try to Mordi. Mike Boom to bust in twenty days

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Speaker 2: would be the headline if we wind back the clot

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Speaker 2: to when Trump was starting to take over. Wall Street

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Speaker 2: was sitting at all time high as wasn't it. The

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Speaker 2: US economy was growing into solid rape. Some called it

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Speaker 2: the endview of the world. Now, following its worst day

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Speaker 2: of the year of the DAR is continuing its downward

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Speaker 2: roller coaster ride, six hundred and twenty three points off

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Speaker 2: on the Dow last time I looked a moment ago.

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Speaker 2: Consumer sentiment also souring. People are beginning to use the

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Speaker 2: R word R for recession. Trump was asked about this,

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Speaker 2: Are you expecting a recession this year?

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Speaker 3: I hate to predict things like that.

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Speaker 2: Yeah, Gobin Sachs, the Investment Giant, says there is now

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Speaker 2: a one in five chance of a recession. Consumer confidence offers,

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Speaker 2: I say trump tariff war is sending out shock waves.

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Speaker 2: Trump now saying he will double tariff on steel and

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Speaker 2: aluminium brought in from Canada, this from twenty five to

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Speaker 2: fifty percent. Ontario's Premier Doug Ford has announced a twenty

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Speaker 2: five percent surcharge on lctricity as a result, power used

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Speaker 2: by some one and a half million residents of Michigan, Minnesota,

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Speaker 2: and New York. He is saying this about the situation.

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Speaker 4: Consumer confidence is down, the market stumbling. You know, there's

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Speaker 4: going to be plants closed in the US Assembly. Plants

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Speaker 4: will shut down because they won't have the aluminum, or

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Speaker 4: they'll be paying twice three times as much. This is

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Speaker 4: absolute chaos created by one person.

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Speaker 2: Yeah, he is calling for negotiation. So far, Trump is

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Speaker 2: pursuing the tear of tirade everyday. Americans yet to feel

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Speaker 2: this in full, but they certainly will. Delta Airlines now

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Speaker 2: delays to slash their profit outlook. The backlash against Musk

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Speaker 2: also is growing. The mega mega billionaire seems to be

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Speaker 2: floating the idea of cutting money from Social Security, this

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Speaker 2: country's retirement schime. The pension scheme says, mask.

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Speaker 3: Most of the federal spendings and titlements. So that's like

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Speaker 3: the big one to eliminate Mike.

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Speaker 2: Seventy one point six million people get these benefits, which

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Speaker 2: are wrongly called entitlements. This is Poul's money. We paid

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Speaker 2: for it to be kept in government hands. For uses,

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Speaker 2: retirement funds and political parties. Both sides spent a lot

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Speaker 2: of it and other stuff. They had no right to

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Speaker 2: do that, putting the fund in jeopardy again. It's not

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Speaker 2: their money.

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Speaker 1: Good on you, mate, We'll see you Friday. I appreciate

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Speaker 1: it very much. Richard Arld state. So, by the way,

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Speaker 1: Trump is calling the boycott of Tesla illegal, which of

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Speaker 1: course it's not, because you don't have to buy law

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Speaker 1: buy a Tesler. But he is going to buy at

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Speaker 1: Tesla today just to help it. He's made eline out for.

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Speaker 3: More from the Mike Asking Breakfast. Listen live to news talks.

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Speaker 3: It'd be from six am weekdays, or follow the podcast

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Speaker 3: on iHeartRadio.