00:00This is a stock market that the president loves to Trump. It's near all time highs.
00:05Why worry about it on a day like today when you've got great economic news?
00:08Well, you can see in this truth post that Trump is really, really worried about interest rates in particular.
00:13This is, you know, he's supposed to be meeting with Rick Reeder, a potential Fed chair this week.
00:17And as he's kind of started to figure out is that he is not able to compel markets to do exactly what he wants them to do.
00:23We've seen this time and time again with the Liberation Day tariffs throughout the year is that, you know,
00:28he is trying to, you know, tell traders, hey, look, it's good news.
00:31Go up. And, you know, we should keep interest rates steady.
00:33However, that's not both how the Fed is thinking as well as how traders are thinking as they're looking at the whole holistic economy,
00:39which has a bunch of other warning signs out there.
00:41Pretty tough if you're I guess if Kevin has it right now or whomever thinks they might be getting the next job as Fed chair,
00:47because the president's saying when when the data blows the cover off the ball, when we're too hot, I still need you to cut.
00:55Now, and I guess the market would go up in that world, but that would be unsustainable, wouldn't it?
01:00It's very likely. This is a lot of like very complicated mental gymnastics here that the president is asking both us as well as traders to do as he's trying to kind of create this economic message.
01:09This just really goes to show how much the president has really struggled when it comes to economic messaging.
01:14His team wants him out there talking about affordability, talking about these pocketbook issues that resonate with voters.
01:20You know, Trump, however, is still very motivated by some of those metrics that, you know, your average person isn't watching.
01:24He's motivated with the stock market. He's motivated by some of those key indicators, whereas people are still like, hey, my rent feels expensive.
01:31My I can't buy a house. I, you know, my grocery bill is 25 percent up from what it was a couple of years ago.
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