Cathie Wood

Any company saying that today is getting hammered.

So we are in a completely different environment.

Your question was the various parts of the administration being united.

You mean when Kevin Warsh comes on board.

Right now, of course, Powell is not at all aligned with Trump.

You mentioned dollar devaluation.

I don't think that's what's going to happen.

And Treasury Secretary

Besant, who knows all about currency markets and knows how important they are, is saying a strong dollar is in the interests of the United States.

Now, many people look at what happened last year.

The dollar went down quite significantly.

But if you look at the dollar in a long term context, just go back to the early 70s and see where we are now.

You'll see that the dollar again, this is relative to other currencies, not relative to gold.

The dollar is closer to the upper end of the range, with the exception of the 85 blowout of the dollar, than it is to the lower end.

And I think the policies of this administration suggest to us return on invested capital here in the United States should go up relative to that in the rest of the world.

What do I mean by that?

We've got massive deregulation.

This government understands how much we have hurt ourselves relative to China with thickets of regulation, and they're trying to peel those away as quickly as possible.

We got a tax cut where for the first time in years,

our tax history, for the next three years, as long as the construction of a manufacturing facility starts by the end of 28, during its first full year of, or during its first year of service, the company building that facility will be able to depreciate it not over 30 to 40 years, but in the first year.