All right, everyone. We are back. Happy Hump Day. Actually, happy liberation day. So it's 1 p.m. PST.

The Liberation Day conference is happening right now. So I don't want to, we're going to get bits and pieces. Let's talk about it at the end of the pod, we'll know what he's doing. Yeah, I think it's going to take... He's live right now. He's

live right now. He's showing up to Rose Garden and give it. The market was actually kind of up.

Yeah. Well, I think it was like a buy the rumor, sell the news type of situation. Everyone was so

negative. So they started selling, selling, selling, selling. And now that it's come close. Maybe everyone's like, maybe we oversold too much. We don't know what he's going to say.

Yeah, no one knows. So we'll know in a little bit. So I don't want to talk about it. But like 45 minutes, we'll know. Yeah, well, you know, all the big guys will start giving the summaries of like

the tariffs and stuff like that. And then we can discuss it. But I will say, so a CEO of a fairly large late-stage tech company that requires goods that come from Asia, he basically said the tariffs is just a straight tax.

And he's not political at all in the sense that he's not like a Trumper.

He's not like a liberal.

And he's basically said like this is a straight tax on the American consumer.

Well, yes.

If you don't do 40% tariffs,

nothing's coming back to America. He goes to 10, 15, 20. He's like, if you don't do 40% tariffs, nothing's coming back to America.

He goes to 10, 15, 20, he's like, that's not going to work.

Yeah.

Well, we'll see.

It could be 40.

Maybe he has an advisor that said, you should do 40.

Yeah.

So in, we'll find out.

45 minutes.

It's a 40% tariff.

...