Hello there. Happy Friday here at the Chuck Toncast. This is a bit of a bonus episode. I don't always, I'm not always going to drop four in a week, but this has been one of those weeks. And I know in the Trump era, there's always one of those weeks.

And that's always a word of warning sometimes, right? Just when you think, oh, my God, can it get any crazier?

Something else will happen, and it will get crazier.

But I do think trying to understand the most important thing on the Trump tariff pullback, right?

That we all know he blinked.

I think it's important to figure out how he got there because understanding how he got

there will then tell us, I think give us at least a better idea of how to be prepared for

what is still going to be an uncertain economic climate for at least the next three months, possibly if it's as tumultuous as it still looks.

We're looking at what's going to be just a tumultuous 18 months until the voters decide if they want to have a say here on the direction of our economy.

But the fact of the matter is while Trump sort of stopped what was turning into the beginnings of a Republican revolt on this and certainly a major donor revolt on his policies.

He has staved that off.

But it's not as if he can go back and slapdash this on and hope that he's, you know,

that the same thing won't happen again.

So my guest today is Mark Caputo.

And I think Mark Caputo, of all the Trump beat

writers, probably has the best insight on how this version of Trump world operates. And I say

this version because I said it in the previous update, and I'll say it again, which is the biggest

mistake everybody has made with Trump

2.0 is assuming Trump 1.0 was a blueprint or a model. I think it is pretty clear now. Trump

1.0 was the Mike Pence presidency, was the Reince, because it was Mike Pence and Reince Prebus who built that

cabinet, who built that staff, who built that team. I'd probably throw Jared Kushner in there

as sort of the third guy in here that Kushner, Previs, and Pence were stabilizing forces

...