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the bulwark. My favorite affected Treasury Secretary, Ponzi Scott Bessent, was doing the rounds

this morning. He's on with Jake Tapper, as well as Kristen Welker on Meet the Press.

And I wanted to highlight a few of his comments, starting with a response to the Walmart CEO,

said in an earnings call this week that they were going to have to eat some of the tariffs.

Not really a great sign there when you have this massive company that touches so many parts

of the economy expressing those concerns on their earnings

call.

So obviously, Besson was asked about that on both shows.

Let's go to his chat with Christian Welker first.

I was on the phone with Doug McMill and the CEO of Walmart yesterday.

And Walmart is, in fact, they are going to, as you describe it, eat some of the tariffs that just as they did in 18, 19 and 20.

The other thing, though, that we are seeing that Doug passed along to me that with their consumer,

the single most important thing is the

gasoline price and gasoline prices have collapsed under President Trump so

we are seeing that the other thing that will happen that is a direct tax cut

for consumers then the transportation cost are also a big input.

So let's see what happens.

What you're describing was Walmart's earnings call.

The other thing that companies have to do,

they have to give the worst case scenario

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