Jack

So Jack, how about we sprinkle on a little context to what's going on with Spirit Halloween? Well, Spirit brings in $400 million every year, even though they're only open three months of the year. That's right. They have those pop-up temporary stores where... Ames department store used to be. And that's how Spirit sells one out of every five Halloween costumes in America.

So Jack, how about we sprinkle on a little context to what's going on with Spirit Halloween? Well, Spirit brings in $400 million every year, even though they're only open three months of the year. That's right. They have those pop-up temporary stores where... Ames department store used to be. And that's how Spirit sells one out of every five Halloween costumes in America.

So Jack, how about we sprinkle on a little context to what's going on with Spirit Halloween? Well, Spirit brings in $400 million every year, even though they're only open three months of the year. That's right. They have those pop-up temporary stores where... Ames department store used to be. And that's how Spirit sells one out of every five Halloween costumes in America.

And their cancellation of their show raises a big question. Is the trade war going to kill the holidays? Because back in April, we noticed that the Halloween Costume Association. An independent organization. This is a real, real official thing, by the way. They warned that tariffs could, quote unquote, wipe out Halloween and severely disrupt Christmas.

And their cancellation of their show raises a big question. Is the trade war going to kill the holidays? Because back in April, we noticed that the Halloween Costume Association. An independent organization. This is a real, real official thing, by the way. They warned that tariffs could, quote unquote, wipe out Halloween and severely disrupt Christmas.

And their cancellation of their show raises a big question. Is the trade war going to kill the holidays? Because back in April, we noticed that the Halloween Costume Association. An independent organization. This is a real, real official thing, by the way. They warned that tariffs could, quote unquote, wipe out Halloween and severely disrupt Christmas.

Because every Halloween costume and every string of Christmas lights is made in China. I mean, Jack, the sewing, the stitching, the printing of that Catwoman costume, it needs five months of lead time in order to make it to you by October 31st. And guess what? We're less than five months away from Halloween. Yeah. So even if we secure a trade deal, Halloween could get messed with.

Because every Halloween costume and every string of Christmas lights is made in China. I mean, Jack, the sewing, the stitching, the printing of that Catwoman costume, it needs five months of lead time in order to make it to you by October 31st. And guess what? We're less than five months away from Halloween. Yeah. So even if we secure a trade deal, Halloween could get messed with.

Because every Halloween costume and every string of Christmas lights is made in China. I mean, Jack, the sewing, the stitching, the printing of that Catwoman costume, it needs five months of lead time in order to make it to you by October 31st. And guess what? We're less than five months away from Halloween. Yeah. So even if we secure a trade deal, Halloween could get messed with.

Jack can't go as Catwoman again. You know, Target, they're not ordering Christmas tinsel yet because tariffs are too volatile. And Spirit hasn't received their shipment of sexy zombie costumes yet because the sexy zombie costume is switching factories. Now we should point out, besties, that Spirit isn't canceling Halloween. Right, Jack? They just canceled the annual prep. party.

Jack can't go as Catwoman again. You know, Target, they're not ordering Christmas tinsel yet because tariffs are too volatile. And Spirit hasn't received their shipment of sexy zombie costumes yet because the sexy zombie costume is switching factories. Now we should point out, besties, that Spirit isn't canceling Halloween. Right, Jack? They just canceled the annual prep. party.

Jack can't go as Catwoman again. You know, Target, they're not ordering Christmas tinsel yet because tariffs are too volatile. And Spirit hasn't received their shipment of sexy zombie costumes yet because the sexy zombie costume is switching factories. Now we should point out, besties, that Spirit isn't canceling Halloween. Right, Jack? They just canceled the annual prep. party.

And tariff levels on China have come down from 145% to 50%. But Spirit didn't blame tariffs at all. They didn't even mention tariffs or the trade war in their press release announcing the cancellation. Instead, interestingly, Spirit canceled the event because of international disruptions and supply chain challenges. Related to the trade war. Yeah. But not exactly the same.

And tariff levels on China have come down from 145% to 50%. But Spirit didn't blame tariffs at all. They didn't even mention tariffs or the trade war in their press release announcing the cancellation. Instead, interestingly, Spirit canceled the event because of international disruptions and supply chain challenges. Related to the trade war. Yeah. But not exactly the same.

And tariff levels on China have come down from 145% to 50%. But Spirit didn't blame tariffs at all. They didn't even mention tariffs or the trade war in their press release announcing the cancellation. Instead, interestingly, Spirit canceled the event because of international disruptions and supply chain challenges. Related to the trade war. Yeah. But not exactly the same.

Kind of code for the trade war. We're still kind of scared. So, Jack, what's the takeaway for our buddies over at Spirit? First, we got bitten by the trade war head. Next, we get smacked by the trade war tail. Yetis, one way Jack and I like to think about the trade war, it's like a monster. It's got sharp teeth, and it's got a heavy tail. Picture where the wild things are. Yeah.

Kind of code for the trade war. We're still kind of scared. So, Jack, what's the takeaway for our buddies over at Spirit? First, we got bitten by the trade war head. Next, we get smacked by the trade war tail. Yetis, one way Jack and I like to think about the trade war, it's like a monster. It's got sharp teeth, and it's got a heavy tail. Picture where the wild things are. Yeah.

Kind of code for the trade war. We're still kind of scared. So, Jack, what's the takeaway for our buddies over at Spirit? First, we got bitten by the trade war head. Next, we get smacked by the trade war tail. Yetis, one way Jack and I like to think about the trade war, it's like a monster. It's got sharp teeth, and it's got a heavy tail. Picture where the wild things are. Yeah.

Because the price of the tariffs that we have to pay, that's the teeth. And that gets all the attention from us consumers. But even though tariff levels have come down, we're still facing the next issue of the trade war. We get hit by the tail. The tail is the chain reaction of shocks that ripple through the supply chain. Because for a month, orders weren't placed. Factories were on hold.

Because the price of the tariffs that we have to pay, that's the teeth. And that gets all the attention from us consumers. But even though tariff levels have come down, we're still facing the next issue of the trade war. We get hit by the tail. The tail is the chain reaction of shocks that ripple through the supply chain. Because for a month, orders weren't placed. Factories were on hold.