00:00We're looking right now at the GDP number at 4.3 percent is the actual number versus an estimate of 3.3 percent.
00:06Mark Tepper, your reaction.
00:08So last week we talked about inflation coming in lower than expected.
00:12Now economic growth is one full percentage point faster than expected.
00:16It was supposed to come in at 3.3, came in at 4.3.
00:20This is a direct result of everything President Trump has put in place.
00:23Net exports are on the rise because of Trump's tariff policy, which is leveling the trade playing field.
00:30AI is increasing productivity.
00:32Businesses are investing in spending and the consumer remains strong.
00:37And just think next, I think, well, next quarter, they'll end up getting an extra $150 billion in refund checks that they can then deploy and spend as well.
00:48So great number.
00:49Great number, 4.3 percent.
00:51And I've got to say, when I see a GDP of 4.3 percent, I have to believe 5 percent is not far away.
00:59And that, of course, is what Louis Navarro told us last week, Mark, that we're going to see a 5 percent GDP handle in the first half of the year.
01:06He looks like Nostradamus right now.
01:08I mean, he almost predicted that on the head.
01:13Obviously, 5 percent is well within our reach, especially given the consumer tailwinds I just mentioned.
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