Former Trump Trade Official Steve Pavlick on Tariffs, Negative Wealth Shock, Pulled Earnings Guidance

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.8 • 1.9K Ratings

🗓️ 8 April 2025

⏱️ 101 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this TCAF Tuesday, Downtown Josh Brown is joined by Steve Pavlick to discuss the latest on the trade war and the stock market's volatile reaction. Then, at 40:49, hear an all-new episode of What Are Your Thoughts with Josh Brown and Michael Batnick! They discuss the latest market action, how tariffs will impact American companies, recession proof stocks, and much more! This episode is sponsored by Betterment Advisor Solutions and Rocket Money. Grow your RIA, your way at: betterment.com/advisors Cancel your unwanted subscriptions and reach your financial goals faster with: rocketmoney.com/compound Sign up for The Compound Newsletter and never miss out! Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ TikTok: https://www.tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ladies and gentlemen, welcome to the compound and friends. I am your host downtown Josh Brown. Tonight's show is brought to you by Betterment Advisor Solutions. Tonight's show is also brought to you by our friends at Rocket Money. Rocket Money is a personal finance app that helps find and cancel your unwanted subscriptions, monitors your spending, and helps you lower your bills so you can
0:21.9	grow your savings. If ever, there was a time when you wanted to get rid of unnecessary costs
0:28.3	in your life, this is that time. Rocket money has over 5 million users, has saved users
0:34.9	a total of $500 million in canceled subscriptions.
0:39.4	This is really easy.
0:41.0	Go to rocketmoney.com slash compound and learn more.
0:45.7	Tonight show is pathed.
0:47.2	We had Steve Pavlik.
0:49.0	Steve is a principal at Mindset, and he is part of the RenMAC crew, and he serves as head of policy there.
0:57.6	And he was in the first Trump White House.
1:00.4	So Steve was on the Trump transition team in 2016.
1:05.9	He then worked at Treasury under Steve Mnuchin, and he was highly involved in the first trade war,
1:12.7	and we got to pick his brain about what's actually happening right now. And I learned a lot,
1:17.3	and I think you will too, followed by an all new edition of What Are Your Thoughts with
1:22.0	Michael Batnik and myself. We take a look at some of the carnage in the market over the last couple of days.
1:28.6	It's pretty epic.
1:30.0	We do some stuff on the tariffs and whether or not they will cause a large number of
1:35.3	S&P 500 companies to decline to give guidance, which I think is pretty likely going into
1:42.8	this earnings season.
1:44.0	Why would anyone say anything,
1:45.8	given the environment? We go deep into Apple and the Apple sell off and whether or not that's an
1:51.4	opportunity. We look at Netflix. We look at Microsoft. We do a whole bunch of stuff. And it's,
	...

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