WEBVTT

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Okay, so you've sent in a really fascinating

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set of articles and reports for us to dive into.

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Yeah, this is a really interesting collection.

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And what we're going to do today is try to give

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you a clear picture of what's going on right

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now as of March 19th, 2025. Kind of a personalized

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briefing. Exactly, a personalized briefing. And

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we're going to really try to dig into the So

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what does it all mean for you? Yeah, exactly.

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What does it all mean? So we've got a lot to

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cover. And your sources really do cover a wide

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range of topics. Yeah, there's a lot here. We're

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going to talk about some. Pretty big changes

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in trade policy. Huge changes. Some interesting,

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shall we say, moves in international diplomacy?

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Yeah, unconventional. What's happening with abortion

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access? Because it's a really, really significant

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development. Really is. And what's going on inside

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the Democratic Party? And then, of course, what

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does all of this polling data mean? Right, exactly.

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How do we make sense of it all? OK, so let's

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jump right in. And I think a good place to start

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is with trade, because it seems like the Trump

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administration under Treasury Secretary Scott

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Besant is making some really aggressive moves.

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Yeah. I mean, the thing that really jumps out

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at me is just the speed and the scope of what

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they're trying to do. It's pretty remarkable.

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It is. I mean, one of your sources here, a senior

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macro analyst at Hedge Eye named Josh Steiner,

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basically said that their goal is to reverse

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like decades. of trade policies that they see

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as having disadvantaged the middle class and

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benefited corporations. Right. So this this idea

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that trade policy for the last 40 or 50 years

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hasn't served the average American. Yeah. That

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it's been all about, you know, kind of this globalized

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corporate world. And Steiner doesn't mince words

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either. No, he doesn't. He says trying to undo

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that much policy in just four to six months is

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not going to be pain free. No, it's going to

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be a real jolt to the system. Yeah. So it sounds

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like we're we're expecting maybe a bit of a rough

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ride. Well, yeah, Steiner's prediction is that

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we'll probably see growth, you know, significantly

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subdued in the second quarter as a result of

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these reciprocal tariffs that are scheduled to

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take effect on April 2nd. Right, right. So there's

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going to be this sort of like, you know, kind

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of a dip. Yeah, a deliberate cooling of the economy.

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Right, exactly. A deliberate cooling of the economy.

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But as you pointed out, There's maybe a bigger

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strategic play here, especially when you consider

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the size of the national debt. Well, that's right.

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I mean, we can't ignore the fact that we have

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this nearly $8 trillion in debt that needs to

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be rolled over in the first nine months of this

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year. Right. A huge amount. Yeah. And so the

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timing of these tariffs, if you think about it,

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this slowdown in growth, it could actually give

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them a lever to push interest rates down. Oh,

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interesting. So make that debt. Less expensive.

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Exactly. So it's like this calculated risk, you

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know, inflict a little bit of pain now to potentially

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alleviate this massive debt burden. Wow. And,

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you know, Steiner actually crunched the numbers

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and he suggests that even just a one percentage

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point reduction in interest on, you know, let's

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say seven and a half trillion dollars of that

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debt could save seventy five billion dollars

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annually. That's a lot of money. That's a lot

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of money. That's a significant step. towards

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really addressing the deficit. It could really

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make it down. So it's a high stakes gamble. It

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is. But there's a potential reward. Oh, absolutely.

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And politically, it seems pretty clear that the

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administration is, you know, if there is a downturn

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early on, they're going to blame it on the previous

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administration. Oh, yeah. They're already setting

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the stage. Makes sense. Kind of a classic playbook.

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OK, let's shift gears now and talk about what's

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happening on the international stage, because

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things are getting well. interesting, let's say,

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with both adversaries and allies. Yeah, it's

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a very mixed bag. And I think a good place to

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start would be with Ukraine. OK. Because there

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seems to be a real disconnect between what the

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administration is saying and what's actually

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happening. Yeah, a lot of contradictions. So

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Trump, you know, after speaking with Putin, announces

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this immediate ceasefire on energy and infrastructure.

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Right. Big pronouncements. Huge pronouncements.

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Yeah. And predicts a swift end to the war. like

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the art of the deal applied to international

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relations. Right, exactly. He even went on social

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media talking about a complete ceasefire, an

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end to this very horrible war. Very optimistic.

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Very optimistic indeed. But then you look at

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what your sources are saying and it's a very

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different story on the ground. Right. It's like

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in a completely different reality. So Putin reportedly

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rejected Ukraine's proposed ceasefire terms.

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Oh, wow. And you only agree to this very limited

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ceasefire. So not at all what Trump was saying.

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Not even close. And then what's really alarming

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is that almost immediately after this so -called

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agreement, there were reports of Russian forces

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bombing a Ukrainian power plant, a hospital.

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So much for that ceasefire. Right. And it really

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makes you question, you know, what exactly does

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energy and infrastructure mean in this context?

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Right. It seems like they're playing with words.

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Yeah. And it certainly doesn't sound like a genuine

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DS graduation. No, not at all. It makes you wonder

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about, you know, how much credibility these diplomatic

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efforts really have. That's the big takeaway

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here, right? Is that there's this real disconnect

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between the rhetoric and the reality. Yeah. And

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it raises some serious questions about, you know,

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what kind of leverage does the administration

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actually have? What's really going on behind

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the scenes? Like, how much are they willing to

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tolerate? Yeah. I mean, one of your sources,

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the National Review, they basically that Putin

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is treating Trump with open contempt. And they

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question, you know, how much humiliation the

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administration is willing to endure. Right. And

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then you have foreign policy, which is even more

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pessimistic. Oh, really? Yeah, they're suggesting

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that it might be time for Ukraine to just accept

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what they call an ugly piece. Wow, an ugly piece.

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That's a... That's a pretty bleak assessment.

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Yeah, it's not a good situation. And you know,

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it's important to remember that we're now past

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that 60 -day mark that Trump himself set for

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ending the wars in Ukraine and Gaza. Oh, right.

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And neither conflict seems anywhere near a resolution.

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No, it seems like things are actually escalating.

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Right. So that's a tough metric early in the

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administration. Definitely not going according

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to plan. OK, so we've talked about adversaries.

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What about allies? Because it seems like things

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aren't going so well there either. No, not really.

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Yeah. Your sources are highlighting this growing

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wave of anti -American sentiment in countries

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that are currently at peace. Yeah, it's pretty

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remarkable. And it's not just like a few isolated

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incidents. It seems to be pretty widespread.

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It really does. And it's especially pronounced

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in Canada, which we've seen some tension with

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before. But now it's spreading to Europe. Right,

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and the example of Denmark really stands out.

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Yeah, it's really quite something. They have

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these boycotts of American -made products that

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are happening all over the country. It's like

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a mass movement. It is, and what's really interesting

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is how organized it is. Yeah, they're not messing

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around. I mean, there's this Danish Facebook

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page called Boykot Verre Fra USA, which has like

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80 ,000 members. Wow, that's a lot of people.

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And then you have the selling group, which is

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a major supermarket chain. They're actually labeling

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non -American goods with a red star so people

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know what to buy. So they're really going out

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of their way to avoid American products. They

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are. And one of your sources, Jens Olsen, who's

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a longtime observer of Danish society, he said

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that he's never seen Danes this upset. Wow, so

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this is like a really deep -seated anger. It

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seems to be, and it's not just a general dissatisfaction

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either. I mean, they're targeting specific products.

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Like what kind of products? Coke Hines, Jack

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Daniels, even Teslas. Wow. So really hitting

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some iconic American brands. Yeah. But what's

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interesting is that data -driven companies like

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Facebook and Netflix seem to be exempt. Oh, so

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maybe it's more about physical goods, like things

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that are made in America. Right. Tangible representations

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of American industry. And the potential economic

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impact of all of this is pretty significant,

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especially when you consider tourism. Right.

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Your sources suggest that there could be a 5

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% drop in tourism this year. Which would be a

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$64 billion hit. Yeah, but some estimates go

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even higher, potentially exceeding $200 billion.

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Oh, wow. That's a massive number. It is. And,

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you know, it's important to remember that this

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is different from tariffs. Right, because tariffs

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can be reversed. Exactly. But this kind of negative

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sentiment, this damage to relationships, that

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takes much longer to repair. Yeah, it's like,

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you know, once you lose trust, it's hard to get

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it back. Right. And this could really have long

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lasting repercussions for America's standing

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in the world and its economic ties with key allies.

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Alright, let's turn our attention now to a different

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kind of conflict that's happening here in the

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U .S., and that's the escalating battle over

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abortion rights. Yeah, this is a really concerning

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development. It is, and the situation in Texas

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is particularly alarming, it seems like. Texas

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AG Ken Paxton is taking an incredibly aggressive

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stance. I mean, what's really disturbing is this

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apparent focus on criminalizing pregnancy itself.

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Yeah, and they're targeting some of the most

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vulnerable communities. Absolutely. The arrest

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of this midwife, Maria Margarita Rojas, is a

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perfect example. Tell me more about that. So

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she's a licensed obstetrician from Peru, and

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she runs these low -cost clinics for poor Spanish

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-speaking women of color in Houston. Oh, wow.

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So she's providing essential care to a community

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that really needs it. Exactly. And they arrested

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her initially for practicing without a license,

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but then the charges escalated to attempting

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an abortion. Right. And they set her bond at

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$1 .2 million? Yeah, it's just an outrageous

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amount. That's crazy. It seems completely disproportionate

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to the alleged crime. It does. And it really

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makes you question what's really motivating this

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action. Yeah, it just feels very politically

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motivated. Well, there was this alleged anonymous

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tip involving Mesopristol. Right. But Mesopristol

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has multiple legitimate medical uses. Exactly.

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So it's not like it's just used for abortions.

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Right. And the timing of this arrest is also

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interesting. How so? Well, it happened right

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around on the same time that Texas passed this

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bill targeting websites with abortion information.

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Oh, wow. And Paxson himself is reportedly considering

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a primary challenge to Senator John Cornyn. Oh,

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so maybe he's trying to make a name for himself

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by being tough on abortion. Right. It's all about

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creating a very specific narrative. Yeah. And

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the potential impact of all this on health care

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access for women in Texas is pretty terrifying.

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Absolutely. I mean, it's already incredibly difficult

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to access abortion care in Texas. Right. And

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now with this kind of crackdown, it's going to

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become even harder. Right. It's going to create

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this chilling effect where doctors are afraid

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to provide any kind of care to pregnant women.

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Exactly. And it's likely to lead to even more

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OB -GYNs leaving the state. Right. We're already

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seeing that happening. It's a real crisis. And

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one of your sources, Mark Herron from the Center

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for Reproductive Rights, he had a really powerful

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quote. What did he say? He said that Texas does

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not care about women's lives. Wow. And that they're

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solely focused on preventing women from accessing

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essential care. That's a pretty damning statement.

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It is and it's a stark reminder of Trump's broken

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promise to protect access to abortifacient drugs.

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Right. He said he would do that during the campaign.

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He did. And he's been completely silent on Paxton's

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actions. So much for that promise. Yeah. It's

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a real betrayal. And while abortion wasn't the

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only issue in the last election, it did have

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a significant impact on turnout in several post

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-Obs elections. Right. It really galvanized voters.

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Absolutely. And this situation in Texas is likely

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to do the same thing. Yeah, it's going to provide

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a lot of political momentum for the Democrats

00:11:28.470 --> 00:11:31.549
heading into 2026. Oh, absolutely. OK, let's

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move on now and talk about what's happening inside

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the Democratic Party, because it seems like Chuck

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Schumer is having a bit of a rough time. Yeah,

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he's facing some serious challenges. What's the

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underlying story there? The immediate trigger

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for this current backlash seems to be his vote.

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to invoke cloture on the continuing resolution.

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Remind me what cloture is again. It's a Senate

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procedure that limits debate and forces a vote.

00:11:55.639 --> 00:11:59.080
Oh, right. And a lot of Democrats saw this as

00:11:59.080 --> 00:12:02.240
a miscalculation on Schumer's part. How so? They

00:12:02.240 --> 00:12:04.139
felt like he didn't take a strong enough stance

00:12:04.139 --> 00:12:06.659
against Republican priorities. So he kind of

00:12:06.659 --> 00:12:09.559
caved. In a way, yeah. And the expectation was

00:12:09.559 --> 00:12:11.399
that House Speaker Johnson wouldn't be able to

00:12:11.399 --> 00:12:14.980
unify his caucus. But he did. He did. And so

00:12:14.980 --> 00:12:16.840
Schumer was left in this awkward position where

00:12:16.840 --> 00:12:19.159
he didn't have a clear counter strategy. And

00:12:19.159 --> 00:12:21.139
some of your sources are even describing his

00:12:21.139 --> 00:12:24.620
handling of the situation as amateurish. Yeah,

00:12:24.860 --> 00:12:27.259
that's pretty harsh criticism for someone with

00:12:27.259 --> 00:12:29.659
his level of experience. It is. And it's not

00:12:29.659 --> 00:12:32.620
just legislative challenges either. His new book

00:12:32.620 --> 00:12:35.240
on anti -Semitism has been getting a lot of negative

00:12:35.240 --> 00:12:38.279
attention. Oh, really? Yeah, including those

00:12:38.279 --> 00:12:41.980
reviews that mimicked a fragile book. Ouch. Yeah,

00:12:42.059 --> 00:12:44.039
and then he had to postpone his book tour due

00:12:44.039 --> 00:12:47.000
to security concerns. So Ann sounds like there's

00:12:47.000 --> 00:12:49.299
some real animosity out there. Yeah, it seems

00:12:49.299 --> 00:12:51.200
like it. And his media appearances haven't been

00:12:51.200 --> 00:12:53.480
going so well either. What happened? He got tough

00:12:53.480 --> 00:12:55.960
questioning on The View. Oh, wow. And then Gale

00:12:55.960 --> 00:12:59.299
King on CBS Mornings even brought up the possibility

00:12:59.299 --> 00:13:01.620
of calls for his removal. So it sounds like he's

00:13:01.620 --> 00:13:04.019
really under pressure. He is. And his attempts

00:13:04.019 --> 00:13:06.639
to mend fences with progressive groups don't

00:13:06.639 --> 00:13:09.740
seem to have gone very well either. How so? One

00:13:09.740 --> 00:13:11.860
of your sources described his listening tour

00:13:11.860 --> 00:13:16.360
as tense and unproductive. Oh, wow. So not a

00:13:16.360 --> 00:13:18.539
lot of love there. No. And then you have these

00:13:18.539 --> 00:13:21.019
criticisms from within his own caucus, including

00:13:21.019 --> 00:13:24.299
some pretty pointed remarks from Nancy Pelosi.

00:13:24.500 --> 00:13:26.879
Oh, really? Yeah. And some pretty harsh private

00:13:26.879 --> 00:13:28.879
assessments from House Democrats. So it sounds

00:13:28.879 --> 00:13:31.100
like there's a real fracturing of support. There

00:13:31.100 --> 00:13:34.259
is. And then you have this possibility of a primary

00:13:34.259 --> 00:13:38.039
challenge from Alexandria Ocasio -Cortez in 2028.

00:13:38.159 --> 00:13:40.799
Wow. That would be a big shakeup. It would. And

00:13:40.799 --> 00:13:42.779
while it seems unlikely that he'll be ousted

00:13:42.779 --> 00:13:45.460
immediately, your sources suggest that there

00:13:45.460 --> 00:13:48.080
is a growing possibility of a change in leadership

00:13:48.080 --> 00:13:50.460
in the next Congress. Yeah. I mean, he's facing

00:13:50.460 --> 00:13:52.480
a lot of the same headwinds that McConnell faced.

00:13:52.899 --> 00:13:55.379
Right. The sense that he represents a different

00:13:55.379 --> 00:13:58.279
era in political leadership. Exactly. And even

00:13:58.279 --> 00:14:01.580
if he doesn't get ousted, this erosion of confidence

00:14:01.580 --> 00:14:04.740
within his own caucus can really diminish his

00:14:04.740 --> 00:14:06.899
effectiveness as a leader. Right. It makes it

00:14:06.899 --> 00:14:09.460
hard to get things done. And it can really impact

00:14:09.460 --> 00:14:11.940
the party's overall strategy. Okay, let's wrap

00:14:11.940 --> 00:14:14.059
up by talking about the recent polling data because

00:14:14.059 --> 00:14:16.080
it's painting a pretty interesting picture of

00:14:16.080 --> 00:14:18.440
where things stand right now. Yeah, it's a mixed

00:14:18.440 --> 00:14:20.940
bag for sure. So the Democrats are seeing some

00:14:20.940 --> 00:14:23.960
record low positive ratings, 27 percent in the

00:14:23.960 --> 00:14:28.000
NBC News poll and 29 percent in the CNN's SRS

00:14:28.000 --> 00:14:30.139
poll. Yeah, those are some tough numbers. They

00:14:30.139 --> 00:14:31.919
are. But it's important to understand what these

00:14:31.919 --> 00:14:34.299
numbers really mean. Right. We have to dig deeper.

00:14:34.360 --> 00:14:36.639
And that's where the analysis from Democratic

00:14:36.639 --> 00:14:39.059
pollster David Shore becomes really relevant.

00:14:39.059 --> 00:14:42.139
OK. Because his polling suggests that higher

00:14:42.139 --> 00:14:45.240
voter turnout in 2024 might have actually contributed

00:14:45.240 --> 00:14:48.379
to Kamala Harris's loss. Now, that's counterintuitive.

00:14:48.559 --> 00:14:50.860
It is, right? You would think that higher turnout

00:14:50.860 --> 00:14:52.799
would benefit the Democrats. Yeah, that's the

00:14:52.799 --> 00:14:54.860
conventional wisdom. But Schor's interpretation

00:14:54.860 --> 00:14:56.820
is that there was a segment of the electorate

00:14:56.820 --> 00:14:59.019
that was dissatisfied with both the Democratic

00:14:59.019 --> 00:15:01.299
and Republican options, and they just stayed

00:15:01.299 --> 00:15:03.990
home. So they weren't inspired by either candidate.

00:15:04.169 --> 00:15:06.190
Right, exactly. And it's not just about who didn't

00:15:06.190 --> 00:15:08.870
vote the polls. Also indicated that a large percentage

00:15:08.870 --> 00:15:10.889
of Democrats themselves are upset with their

00:15:10.889 --> 00:15:13.110
own party. Oh, really? How large are we talking?

00:15:13.289 --> 00:15:16.649
Around 75 % in both the NBC and CNN surveys.

00:15:16.830 --> 00:15:19.490
Wow. So a significant chunk of their own base

00:15:19.490 --> 00:15:22.350
is unhappy. Yeah. And they're unhappy with the

00:15:22.350 --> 00:15:24.750
party's perceived lack of action. So they want

00:15:24.750 --> 00:15:27.629
to see the Democrats doing more. Exactly. They

00:15:27.629 --> 00:15:29.750
want to see them fighting harder for their priorities.

00:15:30.049 --> 00:15:31.789
So it's a challenge, but it's also an opportunity.

00:15:31.960 --> 00:15:34.179
How so? Well, it means that there's a potential

00:15:34.179 --> 00:15:36.240
pathway to regaining their support. Right. So

00:15:36.240 --> 00:15:38.659
if they can show that they're listening to their

00:15:38.659 --> 00:15:41.419
base and they're taking action, they could win

00:15:41.419 --> 00:15:44.220
back those voters. Exactly. And one of your sources

00:15:44.220 --> 00:15:48.299
drew this really interesting parallel to FDR's

00:15:48.299 --> 00:15:50.559
response to early criticism of the New Deal.

00:15:50.840 --> 00:15:53.429
Oh, tell me more about that. So the idea is that

00:15:53.429 --> 00:15:56.250
this period before the next major election cycle

00:15:56.250 --> 00:15:59.049
is the best time for the Democrats to take strong

00:15:59.049 --> 00:16:01.710
action. So now's the time to make bold moves.

00:16:01.750 --> 00:16:03.450
Right, to show that they're serious about addressing

00:16:03.450 --> 00:16:05.610
the concerns of their base. Because of the old

00:16:05.610 --> 00:16:08.799
message of things are great. clearly isn't working.

00:16:09.159 --> 00:16:10.899
No, it's not resonating with a lot of voters.

00:16:11.379 --> 00:16:14.539
And looking ahead to 2028, your sources raise

00:16:14.539 --> 00:16:16.940
this interesting point about the potential for

00:16:16.940 --> 00:16:20.279
a Democratic nominee to really connect with rural

00:16:20.279 --> 00:16:22.919
America. That's a key demographic that the Democrats

00:16:22.919 --> 00:16:24.679
have been struggling with. They have and they

00:16:24.679 --> 00:16:27.720
draw another parallel here to FDR success in

00:16:27.720 --> 00:16:31.600
1932, where he really appealed to rural voters

00:16:31.600 --> 00:16:33.960
during an economic crisis. Right. And he was

00:16:33.960 --> 00:16:36.600
running against an unpopular incumbent. Exactly.

00:16:37.440 --> 00:16:39.139
There are some interesting similarities there.

00:16:39.360 --> 00:16:41.360
So even though the current polling numbers might

00:16:41.360 --> 00:16:44.659
look bad on the surface, there's a more complex

00:16:44.659 --> 00:16:46.779
narrative at play here. Yeah, there's a lot of

00:16:46.779 --> 00:16:48.700
dissatisfaction across the political spectrum.

00:16:48.960 --> 00:16:51.440
Right. And there's a potential path forward for

00:16:51.440 --> 00:16:53.820
the Democrats if they can recalibrate their message

00:16:53.820 --> 00:16:56.139
and their strategy. They need to show that they're

00:16:56.139 --> 00:16:57.960
listening and that they're taking action. And

00:16:57.960 --> 00:16:59.840
they need to connect with voters in a way that

00:16:59.840 --> 00:17:02.820
feels authentic and meaningful. Exactly. Well,

00:17:02.820 --> 00:17:05.319
this has been a really fascinating deep dive.

00:17:05.539 --> 00:17:07.980
It has. We've come to a lot of ground today.

00:17:07.980 --> 00:17:10.460
A lot of ground. We've talked about the high

00:17:10.460 --> 00:17:13.720
stakes nature of the new trade policy, the challenges

00:17:13.720 --> 00:17:16.319
and criticisms surrounding the administration's

00:17:16.319 --> 00:17:18.380
diplomatic efforts. Yeah, those are some serious

00:17:18.380 --> 00:17:21.480
issues. The escalation in the battle over abortion

00:17:21.480 --> 00:17:23.799
rights in Texas. A very concerning development.

00:17:24.009 --> 00:17:26.410
The divisions within the Democratic Party. Yeah,

00:17:26.529 --> 00:17:28.750
those are some real internal struggles. And the

00:17:28.750 --> 00:17:30.869
insights offered by the recent polling data.

00:17:31.069 --> 00:17:33.829
It's all connected. It is. And as you consider

00:17:33.829 --> 00:17:36.630
all of these different forces at play, I think

00:17:36.630 --> 00:17:39.569
a really important question to ask yourself is

00:17:39.569 --> 00:17:42.589
what single factor do you think is going to have

00:17:42.589 --> 00:17:44.990
the biggest impact on the political and economic

00:17:44.990 --> 00:17:47.480
landscape in the months ahead? Yeah. What's the

00:17:47.480 --> 00:17:49.480
thing that's going to tip the scales? And what

00:17:49.480 --> 00:17:51.799
connection might we be missing that ties all

00:17:51.799 --> 00:17:54.380
of these seemingly disparate events together?

00:17:54.619 --> 00:17:57.420
What's the underlying thread? Exactly. That's

00:17:57.420 --> 00:17:59.460
a really great question to think about. It is.

00:17:59.880 --> 00:18:01.640
Thank you for sharing these incredible sources

00:18:01.640 --> 00:18:03.759
with us and for joining us on this due dive.

00:18:03.920 --> 00:18:05.700
Yeah, this has been a great conversation. It

00:18:05.700 --> 00:18:08.579
has. And we encourage you to keep exploring these

00:18:08.579 --> 00:18:11.000
critical issues as they continue to unfold. Because

00:18:11.000 --> 00:18:13.359
things are changing fast. They are. And it's

00:18:13.359 --> 00:18:15.789
important to stay informed. Absolutely. Okay,

00:18:15.970 --> 00:18:17.690
that's it for this episode of The Deep Dive.

00:18:17.829 --> 00:18:19.869
Until next time. See ya. Bye. Bye.
