1 00:00:00,800 --> 00:00:03,600 Speaker 1: Dan Mitchison's a US correspondent with US this afternoon. Dan, 2 00:00:03,680 --> 00:00:05,320 Speaker 1: good evening, afternoon. 3 00:00:04,920 --> 00:00:06,800 Speaker 2: Rabe, Hey, good afternoon. 4 00:00:07,200 --> 00:00:09,840 Speaker 1: Tell me what it's basically down across the bord, isn't that, 5 00:00:09,880 --> 00:00:11,720 Speaker 1: Mike at wise the reaction to these tariffs? 6 00:00:12,760 --> 00:00:14,640 Speaker 2: Yeah? Yeah. In fact, you know what, do you have 7 00:00:14,680 --> 00:00:17,560 Speaker 2: your do you have your your mobile phone right next 8 00:00:17,560 --> 00:00:19,400 Speaker 2: to you? I'm assuming in the studio I want you 9 00:00:19,440 --> 00:00:21,160 Speaker 2: to put this in your calendar for the final week 10 00:00:21,160 --> 00:00:24,120 Speaker 2: of this year. I think the Oxford University Press Word 11 00:00:24,160 --> 00:00:27,040 Speaker 2: of the Year will be tariffs. If it's not number one, 12 00:00:27,080 --> 00:00:28,960 Speaker 2: it's definitely got to be number two, because I think 13 00:00:28,960 --> 00:00:31,600 Speaker 2: that's all we're going to be talking about for the 14 00:00:31,600 --> 00:00:34,800 Speaker 2: foreseeable future. Right now. Looking at the market here, dows 15 00:00:34,840 --> 00:00:38,120 Speaker 2: off about two hundred points and the Nasdaq futures down 16 00:00:38,159 --> 00:00:40,479 Speaker 2: about half a percent. But I got to tell you 17 00:00:40,560 --> 00:00:42,880 Speaker 2: it was rough today. Across the board. We saw the 18 00:00:42,920 --> 00:00:45,120 Speaker 2: biggest drop that we've had since about two thousand, at 19 00:00:45,159 --> 00:00:48,960 Speaker 2: the start of the pandemic. Economists are saying these tariffs 20 00:00:49,000 --> 00:00:51,920 Speaker 2: could lead to a global recession, and I thought this 21 00:00:52,000 --> 00:00:55,280 Speaker 2: was kind of interesting. After the market closed, the White 22 00:00:55,280 --> 00:00:58,040 Speaker 2: House posted a tweet showing the President walking and his 23 00:00:58,120 --> 00:01:00,920 Speaker 2: hair and his suit jacket and all blown back. I mean, 24 00:01:01,000 --> 00:01:03,320 Speaker 2: it was a very like model looking picture in the wind. 25 00:01:03,600 --> 00:01:05,920 Speaker 2: And they had a message to sit almost Friday, and 26 00:01:05,959 --> 00:01:07,720 Speaker 2: after everything that happened, I thought that was a really 27 00:01:07,760 --> 00:01:10,440 Speaker 2: weird message for the White House to kind of send out. 28 00:01:10,760 --> 00:01:12,840 Speaker 1: Have we had any polling on this yet. 29 00:01:14,200 --> 00:01:16,920 Speaker 2: Not yet, per se, although there was a poll that 30 00:01:16,959 --> 00:01:19,880 Speaker 2: did come out about the overall economy and the fear 31 00:01:20,000 --> 00:01:23,920 Speaker 2: of not just day to day spending but medical costs, 32 00:01:23,959 --> 00:01:26,600 Speaker 2: and about sixty percent of American sixty four percent are 33 00:01:26,640 --> 00:01:29,480 Speaker 2: concerned about this right now. And I think you've got 34 00:01:29,920 --> 00:01:31,880 Speaker 2: a lot of mixed messages in the White House after today. 35 00:01:31,920 --> 00:01:34,480 Speaker 2: You've got some White House aids that are insisting that 36 00:01:34,520 --> 00:01:37,880 Speaker 2: the tariffs were not negotiable. Then you've got the President 37 00:01:37,920 --> 00:01:39,399 Speaker 2: coming out and saying, you know what, I might be 38 00:01:39,440 --> 00:01:42,160 Speaker 2: open to negotiating with other countries about the duties on this. 39 00:01:42,319 --> 00:01:44,840 Speaker 2: And I think people are concerned because you don't want 40 00:01:44,880 --> 00:01:46,880 Speaker 2: to look at your retirement fun on a daylight today. 41 00:01:47,040 --> 00:01:48,720 Speaker 2: And you've got the President saying, you know what, I'm 42 00:01:48,720 --> 00:01:50,720 Speaker 2: playing the long game here. It's going to hurt for 43 00:01:50,800 --> 00:01:53,440 Speaker 2: the foreseeable future. But he said down the road. This 44 00:01:53,520 --> 00:01:55,400 Speaker 2: is going to make the country stronger because more people 45 00:01:55,400 --> 00:01:57,400 Speaker 2: are going to buy us products TikTok. 46 00:01:57,440 --> 00:01:59,280 Speaker 1: We've been here before where the thing was going to 47 00:01:59,280 --> 00:02:01,960 Speaker 1: be you know, band and would go dark over It's 48 00:02:01,960 --> 00:02:04,760 Speaker 1: appundly going to happen again over the weekend. Donald Trump 49 00:02:05,560 --> 00:02:08,440 Speaker 1: give it basically a stay of execution last time. Are 50 00:02:08,440 --> 00:02:09,799 Speaker 1: we going to get another one of those? Or is 51 00:02:09,840 --> 00:02:11,040 Speaker 1: there a deal to be done here? 52 00:02:11,840 --> 00:02:13,480 Speaker 2: I don't. I mean, we've got so many people now, 53 00:02:13,520 --> 00:02:15,320 Speaker 2: everybody's thrown in their hats. Now. Just a couple of 54 00:02:15,400 --> 00:02:18,359 Speaker 2: days ago, you've got Amazon, You've got the founder of 55 00:02:18,400 --> 00:02:21,200 Speaker 2: only Fans, You've got this market platform app Love, and 56 00:02:21,240 --> 00:02:23,000 Speaker 2: that just announced a short time ago that it was 57 00:02:23,720 --> 00:02:28,080 Speaker 2: submitting a bid for for TikTok. And you know, basically 58 00:02:28,200 --> 00:02:30,320 Speaker 2: the President has said, I want to find a non 59 00:02:30,560 --> 00:02:33,600 Speaker 2: Chinese buyer for this app. It's used by one hundred 60 00:02:33,600 --> 00:02:36,880 Speaker 2: and seventy million Americans. Of course, there's you know, concern 61 00:02:36,960 --> 00:02:41,880 Speaker 2: about the security issues on this, and he says, you 62 00:02:41,880 --> 00:02:43,760 Speaker 2: know what, maybe I'd consider a deal for this where 63 00:02:43,840 --> 00:02:47,359 Speaker 2: China agrees to approve the sale of this by byt 64 00:02:47,440 --> 00:02:50,800 Speaker 2: dance in exchange for some relief from tariff. So once again, 65 00:02:50,800 --> 00:02:53,880 Speaker 2: we're kind of circling back to that that that big 66 00:02:53,880 --> 00:02:56,560 Speaker 2: topic here that I think is going to involve more 67 00:02:56,600 --> 00:02:58,480 Speaker 2: than just you know, the economy here. 68 00:02:59,000 --> 00:03:02,320 Speaker 1: Of course, all of us have very real world consequences, 69 00:03:02,840 --> 00:03:04,600 Speaker 1: and people are always there's a lot of people who 70 00:03:04,600 --> 00:03:07,520 Speaker 1: are already doing it tough because the cost of living thing. Well, 71 00:03:07,520 --> 00:03:09,720 Speaker 1: it's gone away for some people have had a pay increase, 72 00:03:09,800 --> 00:03:11,720 Speaker 1: thank you very much. For others, that's still a problem. 73 00:03:12,800 --> 00:03:17,040 Speaker 1: Easter eggs are so expensive some people are dying potatoes 74 00:03:17,240 --> 00:03:19,000 Speaker 1: to have faced. Is this right? 75 00:03:19,960 --> 00:03:22,639 Speaker 2: They are? I thought at first this was maybe an 76 00:03:22,639 --> 00:03:25,760 Speaker 2: April fool's joke that had been let you know, let 77 00:03:25,760 --> 00:03:27,640 Speaker 2: to wonder for a couple of days or two. But no, 78 00:03:27,680 --> 00:03:30,359 Speaker 2: they're not. I mean, eggs here are going for nine dollars, 79 00:03:30,400 --> 00:03:33,040 Speaker 2: ten eleven, twelve dollars a dozen. They are in short 80 00:03:33,040 --> 00:03:35,640 Speaker 2: supply because of bird flu. California is a major producer 81 00:03:35,680 --> 00:03:39,040 Speaker 2: of bird eggs or of these eggs as well, and 82 00:03:39,400 --> 00:03:41,920 Speaker 2: PETA among a number of other groups, not just PETA, 83 00:03:41,960 --> 00:03:43,600 Speaker 2: but they're one of a group that have sent a 84 00:03:43,600 --> 00:03:46,720 Speaker 2: request to the White Housing please use potatoes instead of 85 00:03:46,840 --> 00:03:49,880 Speaker 2: eggs during the annual Easter egg role event. Now as 86 00:03:49,880 --> 00:03:52,480 Speaker 2: you might imagine the Trump administration said, yeah, that's not 87 00:03:52,520 --> 00:03:55,120 Speaker 2: going to happen. But there are a lot of people 88 00:03:55,160 --> 00:03:56,440 Speaker 2: that are saying, you know what, we're going to have 89 00:03:56,480 --> 00:03:58,960 Speaker 2: to find creative ways. I can't see anybody in my 90 00:03:59,000 --> 00:04:01,640 Speaker 2: neighborhood we have a lot the kids doing this. Plastic 91 00:04:01,680 --> 00:04:03,440 Speaker 2: eggs though, I can imagine those are going to be 92 00:04:03,440 --> 00:04:06,680 Speaker 2: more popular and maybe maybe people using fewer real eggs 93 00:04:06,680 --> 00:04:09,000 Speaker 2: in their Easter egg hunt. But I don't think we're white. 94 00:04:09,640 --> 00:04:13,360 Speaker 1: I see. I thought that the story was about actually 95 00:04:13,600 --> 00:04:16,720 Speaker 1: chocolate Easter eggs that were too expensive for people. I 96 00:04:16,760 --> 00:04:18,680 Speaker 1: was trying to figure that out. So it's the ones 97 00:04:18,720 --> 00:04:21,920 Speaker 1: that and then you play hide to seke with basically 98 00:04:22,279 --> 00:04:24,200 Speaker 1: a fond eg. 99 00:04:25,080 --> 00:04:26,800 Speaker 2: Yeah yeah, yeah, you just you die them. You put 100 00:04:26,800 --> 00:04:28,520 Speaker 2: them in the grass, kids go out and they hunt 101 00:04:28,560 --> 00:04:31,080 Speaker 2: for them. That being said, you're not wrong about chocolate 102 00:04:31,160 --> 00:04:33,680 Speaker 2: because the price of chocolate has gone up thirty percent too, 103 00:04:33,720 --> 00:04:36,400 Speaker 2: So buying those Easter those chocolate Easter eggs or bunnies 104 00:04:36,600 --> 00:04:38,400 Speaker 2: are also going to be a lot more expensive this year. 105 00:04:38,839 --> 00:04:41,039 Speaker 1: But who wants to find an egg like, you know, 106 00:04:41,080 --> 00:04:43,599 Speaker 1: a hot boiled egg or just a roar eg? Even 107 00:04:43,680 --> 00:04:46,359 Speaker 1: rules you want to find a chocolate egg, don't you. 108 00:04:46,720 --> 00:04:49,200 Speaker 2: I understand you do, but you know, you know now 109 00:04:49,240 --> 00:04:50,560 Speaker 2: that you put it like that, I don't know. That's 110 00:04:50,560 --> 00:04:52,839 Speaker 2: all we've ever done. Growing on. People used to put 111 00:04:52,880 --> 00:04:54,200 Speaker 2: real eggs all over the ground. 112 00:04:54,240 --> 00:04:57,200 Speaker 1: I've been ripped off since childhood? Have hey? Thank you? 113 00:04:57,240 --> 00:04:59,680 Speaker 1: Dan mentioned some how US correspondent. 114 00:05:00,120 --> 00:05:01,960 Speaker 2: Or from hither Duplessy Allen Drive. 115 00:05:02,120 --> 00:05:05,560 Speaker 1: Listen live to News Talk Set B from four pm weekdays, 116 00:05:05,640 --> 00:05:07,800 Speaker 1: or follow the podcast on iHeartRadio.