Now it's time for the last word with the great Lawrence. Oh, Donald. Good evening, Lawrence.

Good evening, Rachel. You know, after midnight last night, when I know you were fast asleep,

I was watching bond market developments on Bloomberg, which was covering it live, and following

the guidance of Stephanie Rula on Twitter and realizing that something really big was

happening in the bond market.

Don't ask me to explain it.

I just know it was like a wicked big thing.

And it really changed the game today on the Trump tariffs.

And it has been a pretty dramatic.

I just want to read the, I have here the New York Times account of what really turned it.

This is there inside the House reporting.

It says the real credit, Mr. Trump's advisors claim, so there's that, should go to the bond market.

Mr. Trump's decision was driven by fear that his tariff's

gamble could quickly turn into a financial crisis. And unlike the two previous crashes the last

20 years, this would be entirely attributable only to one man. And that's pretty much what was

being said, you know, two o'clock of the morning

last night about the action on the bond market. And here we are tonight. Yeah. I mean, seeing

the stock market crash and crash and crash and crash like a, you know, like a Wiley

Coyote cartoon or something, you know, like, oh, he's out the bottom

of the cliff. Oh, no. Here comes the anvil to land on his head, even though he's at the bottom

of the cliff. Here comes the piano to land on the inval. I mean, to see that just catastrophic

collapse that he initiated in the stock market is one thing. But in the bond market, it is a whole different thing. That is the spine of the U.S.

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