This was the night before Liberation Day and the markets were stirring.

You're listening to Motley Full Money.

I'm Riki Malvi, joined today by Bill Barker.

Bill, how are you celebrating the Eve of Liberation Day?

Any fun plans on tap?

I think I'll get a normal night's sleep and wake up ready for the action.

Actually, the action doesn't really even kick in until aftermarket close.

So you've got another full day tomorrow

to enjoy yourself before finding out the news. I'm just so darn excited to find, you know, a lot of

people think Liberation Day is just about commercialism and presence, but there's really a truth.

You know, what is the true meaning of Liberation Day? And that's what the markets are hoping to find out.

The Washington Post reported that this proposal includes a 20% tariff on most imports,

though the country-by-country reciprocal approach is also being considered.

All of this is to say, don't really know what the plan is yet.

The cards are close to the chest.

Short-term, you know, is there a scenario where the markets cheer whatever comes from the news tomorrow?

Sure.

If the news is, we were just joking that the markets would cheer that.

But short of that, I guess since you've got 20% out there today,

sort of being a number out there, if tariffs announced came in well shy of that and with a lot

of verbiage that there were good deals that had already been made. And, you know, this was going to be

short term and was all about getting trade deals, which were close. Sure, that would be something

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