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It is Monday, April 7th, 2025. Let's get into the mix. Here are your Washington headlines of the day.

Number one, chaos, chaos in the markets, chaos on the budget. Here are your Washington headlines of the day. Number one, chaos,

chaos in the markets, chaos on the budget. Number two, how you should view the trade war. And number

three, the Shreveport ad boom. Let's get into it. It is 503 a.m. in Washington right now. And the

Dow Futures, which we have in the newsletter this morning, are down about 3%.

About 1,200 points, S&P futures down 3.1%, 162 points, and NASDAQ futures down 612 points, 3.5%. And if the futures are an indicator of where the market's going to close,

it will be the biggest three-day market sell-off in nearly four decades, bigger than the global

financial crisis in the 2020 COVID sell-off. Trump said yesterday upon landing,

sometimes you have to take medicine to fix something.

There's going to, there is a little bit of panic, but here's what I would say, and we'll get into

the tariffs in a minute. Congress isn't going to pass a bill to take away tariff power from

the president. Mike Johnson ain't putting that on the floor. You could bet your bottom dollar on

that. I just don't buy it. Maybe I'm wrong. I will say I could be wrong.

I will talk to the speaker today, but I just don't buy it. Number two, B, is whether the Hill could

have any influence at all on trade policy. Johnson urged Republicans to stick with him. He said

the president has created the greatest economy in the world. He will do it again. And, you know, I just don't see any break here. But let's talk about the

budget. We'll talk about tariffs again in a minute. Johnson and his leadership team are pushing to get

...