Back to episode — Episode 2769 CWSA 03/05/25
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ah, exactly. Oh, all right. The universe has been reset. Everything's good. Of course we'll talk about the president's speech, but first I was trying out Grok's voice mode today. So I guess if you have the app, I think it's only on the app, the special app for Grok. It's free, the voice mode, so you can have conversations with it. But you can set it for what kind of voice you're getting back. So…
← Previous segment →art? You talk like a smart person. Lutnick is one of those. When he talks I think, huh, I can see how you got rich. Makes sense. You're pretty smart.
Anyway, he's saying that the tariffs on Mexico and Canada probably are going to be resolved, meaning that there'll be some kind of middle ground, meaning there's some kind of accommodation, meaning we'll figure out how to work with each other as soon as today. Now in theory that should have been good for the stock markets, but we'll see. There's a lot of roiling going on.
So in theory the tariffs, which were big, 25% on everything but energy I think, they were really just to get some kind of little extra leverage for an agreement, especially about stopping the fentanyl trade. So one could imagine if Canada and or Mexico said, wait, wait, instead of these terrible tariffs, how about we do a little bit more stopping that fentanyl, and then that would be something you could negotiate with. So in theory we'll have some kind of accommodation there. But it might be optimistic to say it's going to happen today. But Lutnick I think was warning the markets to not incorporate this in some kind of a permanent situation. So that was exactly the right thing to do. He might be off on how quickly they can resolve it, but maybe not. You know, maybe it's just one day. It's possible.
Meanwhile the premier of Ontario in Canada has banned Elon Musk's Starlink. I feel like companies keep punishing, or countries keep punishing themselves. Well, we're going to cut off our own access to really inexpensive internet. Take that. All right, okay.
It's also funny to me that people think that it's obvious that Elon Musk has some way to monetize being
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this involved in the Trump administration. If I can give you any business advice at all, it goes like this: associating yourself with Trump pretty much guarantees you lose half of your market. Nobody who understands anything about business would have said, you know what would be really good for business is if I associate with, you know, half of the country instead of the whole country. There was…
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