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Speaker 1: So the International Monetary Fund just announced California it's the

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Speaker 1: fourth largest economy in the world four point one trillion

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Speaker 1: dollar GDP gross domestic product, larger than any other nation

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Speaker 1: outside the United States, China, and Germany. It's a point

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Speaker 1: of pride, and it's a point of privilege to represent

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Speaker 1: a state not only with the largest economy in the

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Speaker 1: United States of America, but a state that represents the

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Speaker 1: tentpole of the US economy in terms of job creation

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Speaker 1: and innovation and entrepreneurialism. We're also the number one manufacturing

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Speaker 1: state in the United States of America and enjoy more

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Speaker 1: two way trade and direct foreign investment than any other state.

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Speaker 1: And so a consequence of these Trump tariffs, the consequence

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Speaker 1: of all the uncertainty that we're now seeing all around

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Speaker 1: the world because of these unilateral tariffs that have been

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Speaker 1: imposed by the Trump administration have an outsized role on

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Speaker 1: the state of California. We're already seen it significantly at

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Speaker 1: the ports of Long Beach and the ports of La

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Speaker 1: Forty percent four zero percent of the goods movement in

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Speaker 1: the United States of America goes through those ports of entry.

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Speaker 1: Of course, all of us, though, are feeling the anxiety,

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Speaker 1: the uncertainty that's marked this moment. You have your four

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Speaker 1: to one k, you're seeing your life savings depleted, and

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Speaker 1: we're also the scene depletion of trust, the coin of

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Speaker 1: the realm trust around the world. Decades and decades, eighty

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Speaker 1: years of developing relationships with allies around the globe. We're

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Speaker 1: seeing that trust frey in real time. When I started

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Speaker 1: this podcast, I said, I wanted to listen directly to you,

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Speaker 1: and I also want to talk a little bit to

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Speaker 1: you about my own experience. I started as a small

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Speaker 1: business person. I started right out of college with one

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Speaker 1: part time employee, Pat Kelly, and I built a business,

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Speaker 1: a few dozen small businesses. At peak, we had over

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Speaker 1: seven hundred employees. I say that not to impress you,

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Speaker 1: but to impress upon you my passion for entrepreneurialism and

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Speaker 1: an emotional attachment I have to taking those risks in

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Speaker 1: those early days and the risks and uncertainty that come

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Speaker 1: today as those businesses mature. And I imagine there are

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Speaker 1: many people listening that feel the same way. Folks that

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Speaker 1: have put everything on the line, that took that risk,

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Speaker 1: that got that loan, that may even leverage their own

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Speaker 1: home to make a go at it. That may have

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Speaker 1: convinced a family member to come on board, that had

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Speaker 1: a great idea and just made it happen and it

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Speaker 1: broke through. Or those of you may be struggling with

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Speaker 1: an idea that you thought would be great and you

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Speaker 1: felt you were coming out the other side, but all

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Speaker 1: of a sudden, all this new uncertainty has painted a

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Speaker 1: picture where you just you've lost a little step, You've

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Speaker 1: lost a little confidence, and so I'd love to hear

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Speaker 1: directly from you. I'd love to hear how it's impacting you.

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Speaker 1: I'd love to be able to paint a picture where

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Speaker 1: we could put a human face on this conversation. What

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Speaker 1: does it mean? What does it mean to you as

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Speaker 1: a parent? Does it mean to you as a small

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Speaker 1: business person, as a consumer? Are we going to see

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Speaker 1: prices start to skyrock? Have you already seen specific prices increase?

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Speaker 1: If you want to reach out directly, which would be great,

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Speaker 1: you can email us at this is Gavinnewsom at iHeartRadio

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Speaker 1: dot com. This is Gavin Newsom at iHeartRadio dot com.

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Speaker 1: Some of you may want to just reach out directly

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Speaker 1: and I'd love to hear your voice. You can leave

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Speaker 1: a voicemail at eight five five six Newsome eight five

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Speaker 1: five six Newsom. Tell us your story, tell us how

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Speaker 1: you're feeling about this moment, and of course tune in

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Speaker 1: this Monday on a live town hall on This is

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Speaker 1: Gavin Newsom