Alex Frangos

We'd like that money back.

So FedEx filed a lawsuit.

There's Costco, a bunch of other companies as well that are like, hey, Supreme Court says we don't have to pay this.

Can we have our money back?

I mean, we were taxed illegally and we would like that back.

That obviously has big implications for the federal government because that money is needed for spending, for paying down debt, things like that.

So there's just like lots of action going on.

Yeah, I mean, there's a bunch of different things you can look at.

If you look at the job market, job growth has been much slower than it was before the president took office, but it's historically at a reasonably low level.

And then with the trade deficit, we see countries responding to these tariffs, helping their local industries navigate around tariffs, lower their own costs domestically.

And compete.

And so net net, what you have is a bigger deficit than ever.

That's probably not a you know, not an A plus plus on his report card.

Inflation has come down a bit, but ordinary Americans are not feeling really good about it.

And if you look at the polls, they feel that the president has been kind of distracted by inflation.

foreign policy issues and focused on tariffs, which, you know, while they haven't caused the spike in inflation the way that a lot of people thought, they have put pressure on American consumers and businesses and people don't really like it.

So I think that the State of the Union, from what we're hearing from our White House reporters, is the president is going to focus on the economy.

He's going to try to sell to the American people that actually everything he's done has been really great for them and try to kind of reset the narrative that he is very focused on their pocketbook issues.

Alex, thank you for this.

Thanks.