4.8 • 3.5K Ratings
🗓️ 11 April 2025
⏱️ 10 minutes
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0:00.0 | Today's episode is brought to you by our lead sponsor, Crew. |
0:06.0 | Hey, this is Joe at the Porover. |
0:09.0 | And this is Zan at the Porover. |
0:11.3 | Today, we're talking about Trump's 90-day pause on new tariffs, a Dominican Republic |
0:16.8 | nightclub collapsing, a meta whistleblower testifying in the Senate, and other top |
0:22.1 | news for Friday, April 11th. |
0:24.7 | Stay informed while remaining focused on Christ with the pour over today. |
0:29.1 | Here's your quote of the day. |
0:30.7 | I believe in Christianity as I believe that the sun has risen, not only because I see it, |
0:36.3 | but because by it I see everything else. C.S. Lewis. |
0:41.0 | Let's get started with some espresso shots. |
0:46.5 | On Wednesday, President Trump announced a 90-day pause, during which countries will face a, quote, |
0:52.8 | substantially lowered reciprocal tariff of |
0:55.5 | 10%. The White House pitched the move as the quote-unquote art of the deal in action, saying it |
1:02.5 | has kick-started trade negotiations with dozens of countries. China, notably, isn't one of them. |
1:09.2 | Trump further hiked Chinese tariffs to a cumulative 145%, citing the quote, lack of respect |
1:16.1 | that China has shown to the world's markets. |
1:19.9 | Earlier Wednesday, China announced 84% retaliatory duties on American imports. |
1:26.2 | It led to an extra wild week on Wall Street. |
1:29.5 | Following the pause, the SMP 500 rose 9.5%, its third largest single-day gain |
1:35.9 | since World War II, and the NASDAQ climbed 12%, nearly erasing a week of losses. |
1:42.6 | But markets gave up some of those gains yesterday, |
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