WEBVTT - How Trump’s Unpredictability Is Hurting the Markets

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<v Speaker 1>Earners.

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<v Speaker 2>What's up.

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<v Speaker 1>the line even builds. Odds are they're using Square. We

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<v Speaker 1>to you by P and C Bank, a lot of

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<v Speaker 1>people think podcasts about work are boring, and sure they

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<v Speaker 1>Member FDIC.

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<v Speaker 2>Going back to this market thing before we go to

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<v Speaker 2>the next topic, is one of these things that I

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<v Speaker 2>didn't think that Trump was going to be the best

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<v Speaker 2>person for the economy, and I said that the day

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<v Speaker 2>before the election and pretty much got crucified. It's not

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<v Speaker 2>I have no allegiance to a political party, but it's

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<v Speaker 2>one thing that kind of made me leary about Trump

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<v Speaker 2>is that he's uncertain. So is the reason why most

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<v Speaker 2>most before that you wouldn't know that. Now, well, most

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<v Speaker 2>of the Fortune five hundred companies and hedge funds and

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<v Speaker 2>all that they really wanted to come out of the win.

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<v Speaker 2>Once they saw that she had no chance of winning,

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<v Speaker 2>then they then they switched pivot. But the reason why

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<v Speaker 2>is that these guys like to know what's going on.

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<v Speaker 2>And when we was in San Francisco, I met a

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<v Speaker 2>top executive at one of the Fortune five hundred companies

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<v Speaker 2>and he told me that, you know, life has been

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<v Speaker 2>difficult for him because uncertainty. He's like, he's never seen

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<v Speaker 2>so much uncertainty as far as like one day there's

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<v Speaker 2>terror US, one day there's not terror US, one day

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<v Speaker 2>there's regulation. And he was like, you know, if you

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<v Speaker 2>know the rules of the game, you can play it.

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<v Speaker 2>But if the rules of the game changes every single day,

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<v Speaker 2>why that that becomes difficult. Markets don't like radical behavior,

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<v Speaker 2>They like they like the regular standard vanilla. We know

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<v Speaker 2>we're gonna get we know what your foreign policy is,

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<v Speaker 2>we know that you're gonna be hard on this industry.

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<v Speaker 2>Be okay, cool, We could we could navigate that. Trump

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<v Speaker 2>is the exact opposite of that. You don't know what,

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<v Speaker 2>you don't know what he's gonna do. He's extremely unpredictable

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<v Speaker 2>and often he changes course a lot. So yeah, I

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<v Speaker 2>mean over the long haul of market will be fine,

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<v Speaker 2>but we do have to have some level of honest

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<v Speaker 2>conversation that he is a catalyst for some of this

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<v Speaker 2>because his behavior is extremely erradic and that's causing certain

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<v Speaker 2>uncertainty and global markets, American markets, companies, governments, and that's choppy,

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<v Speaker 2>it's choppy waters.

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<v Speaker 1>Yeah, you're right, like I said, like one day, it's

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<v Speaker 1>a tackle in this country, and then I'm gonna give

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<v Speaker 1>you thirty days to figure that out. But these things

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<v Speaker 1>are effect multiple places, right, So if you're if you're

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<v Speaker 1>talking about China having tax on top, well they're going

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<v Speaker 1>to retaliate. If enough country start retaliating, that's that affects

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<v Speaker 1>business everywhere, and that's I'm glad you brought that conversation up.

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<v Speaker 1>Is like when I don't know what's gonna happen tomorrow,

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<v Speaker 1>it's tough to prepare for it, and so you try

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<v Speaker 1>to prepare for it and then it changes, right like

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<v Speaker 1>one day is like, hey, if you don't show me

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<v Speaker 1>your work by the end of the week, don't come

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<v Speaker 1>to work on Monday, huh Like with then you get

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<v Speaker 1>as right, like right restive of a cut.

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<v Speaker 2>Yes, I get it, And look at the COVID them

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<v Speaker 2>cutting certain departments led to the mismanagement of the COVID virus.

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<v Speaker 1>Yeah, some may say the same thing about the FAA,

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<v Speaker 1>for sure.

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<v Speaker 3>An illegal alien from Guatemala charged with raping a child

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<v Speaker 3>in Massachusetts. An MS thirteen gang member from l Salvador

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<v Speaker 3>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 3>filming and selling child pornography in Michigan. These are just

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<v Speaker 3>some of the heinous migrant criminals caught because of President

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<v Speaker 3>Donald J. Trump's leadership. I'm Christy Noman, the United States

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<v Speaker 3>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 3>crossings are at the lowest levels ever recorded, and over

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<v Speaker 3>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 3>are here illegally, your next you will be fine nearly

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<v Speaker 3>one thousand dollars a day, imprisoned and deported, you will

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<v Speaker 3>never return. But if you register using our CBP home

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<v Speaker 3>app and leave now, you could be allowed to return legally.

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<v Speaker 3>Do what's right, leave now. Under President Trump, America's laws,

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<v Speaker 3>border and families will be protected. Sponsored by the United

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<v Speaker 3>States Department of Homeland Security,