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How Trump’s Unpredictability Is Hurting the Markets · Earn Your Leisure

• 0:01
  Speaker 1: Earners.
• 0:01
  Speaker 2: What's up.
• 0:02
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• 0:04
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• 0:11
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  Speaker 1: can keep pushing your vision forward. This episode is brought
• 1:10
  Speaker 1: to you by P and C Bank, a lot of
• 1:12
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• 1:16
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• 1:48
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• 1:51
  Speaker 2: Going back to this market thing before we go to
• 1:53
  Speaker 2: the next topic, is one of these things that I
• 1:56
  Speaker 2: didn't think that Trump was going to be the best
• 1:58
  Speaker 2: person for the economy, and I said that the day
• 2:01
  Speaker 2: before the election and pretty much got crucified. It's not
• 2:05
  Speaker 2: I have no allegiance to a political party, but it's
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  Speaker 2: one thing that kind of made me leary about Trump
• 2:11
  Speaker 2: is that he's uncertain. So is the reason why most
• 2:15
  Speaker 2: most before that you wouldn't know that. Now, well, most
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  Speaker 2: of the Fortune five hundred companies and hedge funds and
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  Speaker 2: all that they really wanted to come out of the win.
• 2:21
  Speaker 2: Once they saw that she had no chance of winning,
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  Speaker 2: then they then they switched pivot. But the reason why
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  Speaker 2: is that these guys like to know what's going on.
• 2:31
  Speaker 2: And when we was in San Francisco, I met a
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  Speaker 2: top executive at one of the Fortune five hundred companies
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  Speaker 2: and he told me that, you know, life has been
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  Speaker 2: difficult for him because uncertainty. He's like, he's never seen
• 2:42
  Speaker 2: so much uncertainty as far as like one day there's
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  Speaker 2: terror US, one day there's not terror US, one day
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  Speaker 2: there's regulation. And he was like, you know, if you
• 2:49
  Speaker 2: know the rules of the game, you can play it.
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  Speaker 2: But if the rules of the game changes every single day,
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  Speaker 2: why that that becomes difficult. Markets don't like radical behavior,
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  Speaker 2: They like they like the regular standard vanilla. We know
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  Speaker 2: we're gonna get we know what your foreign policy is,
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  Speaker 2: we know that you're gonna be hard on this industry.
• 3:11
  Speaker 2: Be okay, cool, We could we could navigate that. Trump
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  Speaker 2: is the exact opposite of that. You don't know what,
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  Speaker 2: you don't know what he's gonna do. He's extremely unpredictable
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  Speaker 2: and often he changes course a lot. So yeah, I
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  Speaker 2: mean over the long haul of market will be fine,
• 3:29
  Speaker 2: but we do have to have some level of honest
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  Speaker 2: conversation that he is a catalyst for some of this
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  Speaker 2: because his behavior is extremely erradic and that's causing certain
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  Speaker 2: uncertainty and global markets, American markets, companies, governments, and that's choppy,
• 3:50
  Speaker 2: it's choppy waters.
• 3:52
  Speaker 1: Yeah, you're right, like I said, like one day, it's
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  Speaker 1: a tackle in this country, and then I'm gonna give
• 3:57
  Speaker 1: you thirty days to figure that out. But these things
• 3:59
  Speaker 1: are effect multiple places, right, So if you're if you're
• 4:03
  Speaker 1: talking about China having tax on top, well they're going
• 4:05
  Speaker 1: to retaliate. If enough country start retaliating, that's that affects
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  Speaker 1: business everywhere, and that's I'm glad you brought that conversation up.
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  Speaker 1: Is like when I don't know what's gonna happen tomorrow,
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  Speaker 1: it's tough to prepare for it, and so you try
• 4:17
  Speaker 1: to prepare for it and then it changes, right like
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  Speaker 1: one day is like, hey, if you don't show me
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  Speaker 1: your work by the end of the week, don't come
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  Speaker 1: to work on Monday, huh Like with then you get
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  Speaker 1: as right, like right restive of a cut.
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  Speaker 2: Yes, I get it, And look at the COVID them
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  Speaker 2: cutting certain departments led to the mismanagement of the COVID virus.
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  Speaker 1: Yeah, some may say the same thing about the FAA,
• 4:46
  Speaker 1: for sure.
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  Speaker 3: An illegal alien from Guatemala charged with raping a child
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  Speaker 3: in Massachusetts. An MS thirteen gang member from l Salvador
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  Speaker 3: accused of murdering a Texas man of Venezuelan charged with
• 4:59
  Speaker 3: filming and selling child pornography in Michigan. These are just
• 5:03
  Speaker 3: some of the heinous migrant criminals caught because of President
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  Speaker 3: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 5:11
  Speaker 3: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 5:15
  Speaker 3: crossings are at the lowest levels ever recorded, and over
• 5:19
  Speaker 3: one hundred thousand illegal aliens have been arrested. If you
• 5:22
  Speaker 3: are here illegally, your next you will be fine nearly
• 5:26
  Speaker 3: one thousand dollars a day, imprisoned and deported, you will
• 5:30
  Speaker 3: never return. But if you register using our CBP home
• 5:34
  Speaker 3: app and leave now, you could be allowed to return legally.
• 5:38
  Speaker 3: Do what's right, leave now. Under President Trump, America's laws,
• 5:43
  Speaker 3: border and families will be protected. Sponsored by the United
• 5:46
  Speaker 3: States Department of Homeland Security,