Speaker 1: So the International Monetary Fund just announced California it's the
Speaker 1: fourth largest economy in the world four point one trillion
Speaker 1: dollar GDP gross domestic product, larger than any other nation
Speaker 1: outside the United States, China, and Germany. It's a point
Speaker 1: of pride, and it's a point of privilege to represent
Speaker 1: a state not only with the largest economy in the
Speaker 1: United States of America, but a state that represents the
Speaker 1: tentpole of the US economy in terms of job creation
Speaker 1: and innovation and entrepreneurialism. We're also the number one manufacturing
Speaker 1: state in the United States of America and enjoy more
Speaker 1: two way trade and direct foreign investment than any other state.
Speaker 1: And so a consequence of these Trump tariffs, the consequence
Speaker 1: of all the uncertainty that we're now seeing all around
Speaker 1: the world because of these unilateral tariffs that have been
Speaker 1: imposed by the Trump administration have an outsized role on
Speaker 1: the state of California. We're already seen it significantly at
Speaker 1: the ports of Long Beach and the ports of La
Speaker 1: Forty percent four zero percent of the goods movement in
Speaker 1: the United States of America goes through those ports of entry.
Speaker 1: Of course, all of us, though, are feeling the anxiety,
Speaker 1: the uncertainty that's marked this moment. You have your four
Speaker 1: to one k, you're seeing your life savings depleted, and
Speaker 1: we're also the scene depletion of trust, the coin of
Speaker 1: the realm trust around the world. Decades and decades, eighty
Speaker 1: years of developing relationships with allies around the globe. We're
Speaker 1: seeing that trust frey in real time. When I started
Speaker 1: this podcast, I said, I wanted to listen directly to you,
Speaker 1: and I also want to talk a little bit to
Speaker 1: you about my own experience. I started as a small
Speaker 1: business person. I started right out of college with one
Speaker 1: part time employee, Pat Kelly, and I built a business,
Speaker 1: a few dozen small businesses. At peak, we had over
Speaker 1: seven hundred employees. I say that not to impress you,
Speaker 1: but to impress upon you my passion for entrepreneurialism and
Speaker 1: an emotional attachment I have to taking those risks in
Speaker 1: those early days and the risks and uncertainty that come
Speaker 1: today as those businesses mature. And I imagine there are
Speaker 1: many people listening that feel the same way. Folks that
Speaker 1: have put everything on the line, that took that risk,
Speaker 1: that got that loan, that may even leverage their own
Speaker 1: home to make a go at it. That may have
Speaker 1: convinced a family member to come on board, that had
Speaker 1: a great idea and just made it happen and it
Speaker 1: broke through. Or those of you may be struggling with
Speaker 1: an idea that you thought would be great and you
Speaker 1: felt you were coming out the other side, but all
Speaker 1: of a sudden, all this new uncertainty has painted a
Speaker 1: picture where you just you've lost a little step, You've
Speaker 1: lost a little confidence, and so I'd love to hear
Speaker 1: directly from you. I'd love to hear how it's impacting you.
Speaker 1: I'd love to be able to paint a picture where
Speaker 1: we could put a human face on this conversation. What
Speaker 1: does it mean? What does it mean to you as
Speaker 1: a parent? Does it mean to you as a small
Speaker 1: business person, as a consumer? Are we going to see
Speaker 1: prices start to skyrock? Have you already seen specific prices increase?
Speaker 1: If you want to reach out directly, which would be great,
Speaker 1: you can email us at this is Gavinnewsom at iHeartRadio
Speaker 1: dot com. This is Gavin Newsom at iHeartRadio dot com.
Speaker 1: Some of you may want to just reach out directly
Speaker 1: and I'd love to hear your voice. You can leave
Speaker 1: a voicemail at eight five five six Newsome eight five
Speaker 1: five six Newsom. Tell us your story, tell us how
Speaker 1: you're feeling about this moment, and of course tune in
Speaker 1: this Monday on a live town hall on This is
Speaker 1: Gavin Newsom