Hey Molly.

Hey, Ryan.

How was your liberation day?

Oh, my gosh.

So, you know, we all put on our fancy hats.

We went to the ticker tape parade.

And we blew things up, for example, the global economy.

Right. That's what the fireworks were.

Investors' heads exploding over this news.

We are, of course, talking about President Trump's announcement

to impose massive tariffs on virtually every country in the world,

something that he's been calling Liberation Day.

And while the economy didn't quite blow up,

Wall Street was not celebrating. Markets went down a lot, and a lot of business leaders are kind

of freaking out right now. That's right. It was really, I mean, I feel like we've used the phrase

shock and awe a lot on this show, but they really did decide to go big. And it's interesting because

he really went as far as he has ever threatened to go. In, you know, there was this idea that

he could do something across the board. He could do something, quote unquote, reciprocal.

He decided D, all of the above. He did a version of an across-the-board tariff combined with what he called a reciprocal

tariff, but one that was not based on tariff rates, but on trade imbalances.

And so, yeah, they really went for it.

From the journal, this is Trump 2.0.

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