Ed Ludlow

And what are you advising in terms of the uncertainty?

Well, what they're asking for is certainty, and we saw over the weekend that the president very quickly moved to a separate jurisdiction for tariff legitimacy.

But I think the broader question is, what's the long term going to look like?

Companies, as we've been discussing, need certainty in order to make investment decisions.

Our trading partners are looking for certainty.

The news about the suspension of the trade talks between the U.S.

and India is of concern.

The EU suspending trade

moving forward on the trade agreement between the EU and the U.S., also of concern.

The certainty we're looking for is part of a broader question of the strategy of the United States.

And the Trump administration has been very focused on encouraging investment in manufacturing here, encouraging construction of data centers, encouraging export of AI technology from the United States to the rest of the world.

Tariff strategy has a lot

to do with that.

Tariffs are good tactics in a lot of negotiation, but they're not a broader strategy to encourage the kind of investment that we're looking for.

So what the tech industry is looking for going forward is a lot more certainty.

I just think of how NVIDIA is part of your Information Technology Industry Council and how they have earnings and how they need foreign investment to come in and help build the data centers where their GPUs are going in the United States.

Jason, do you think ultimately

We will come to some sort of agreement.

How long can CEOs navigate in this era of uncertainty?

Well, we do have to come to some level of certainty.