S8 Ep380: preview for later. Guest: Liz Peek, Columnist Summary: Peek explains that despite political noise, small business surveys show strong demand and optimism. She observes that U.S. markets have adjusted to President Trump’s tariff threats, now treating them
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 27 January 2026
⏱️ 1 minutes
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Summary
preview for later. Guest: Liz Peek, Columnist Summary: Peek explains that despite political noise, small business surveys show strong demand and optimism. She observes that U.S. markets have adjusted to President Trump’s tariff threats, now treating them as routine rather than alarming, indicating a resilience that was unimaginable earlier in the year.
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Transcript
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| 0:00.0 | This is John Batchel. What about tariffs? What about small businesses in 2026? Does it weigh on their |
| 0:06.3 | prospect? Not according to surveys, and Liz here explains, also how the markets have adjusted to |
| 0:13.3 | President Trump's tariff talk, adjusted in a way that was unimaginable in April of 25 and is now routine. |
| 0:22.4 | Here's Liz. |
| 0:24.1 | No, in fact, the NFIB, which surveys tens of thousands of small businesses, |
| 0:30.3 | is recording very strong optimism in December. |
| 0:35.0 | Now, that was before this whole ice problem developed in Minneapolis, which I think |
| 0:40.4 | has sort of taken some of the steam out of optimism in general, just politically. But the NFIB members |
| 0:46.7 | are reporting good demand, and they're optimistic about demand going forward. And to your point, the |
| 0:53.0 | tariff alarm that, you know, that came up in |
| 0:58.0 | April, well, Liberation Day, that definitely has receded. And that's why any time President |
| 1:04.0 | Trump goes out there and picks another fight, threatens another round of tariffs on the EU or on |
| 1:10.4 | Canada or whatever, the market kind of shrugs it off now. |
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