Karen Finerman

Right, whatever it might be. The one thing it does help is that our goods are comparatively cheaper, right? So If you're European and wanted to buy an American-made whatever, take away the tariffs for a moment. It got a lot cheaper. It got 8% cheaper in the last, I don't know how long, from when you said it was around $1.08 or so. So things got cheaper. That makes us a little bit more attractive.

Right, whatever it might be. The one thing it does help is that our goods are comparatively cheaper, right? So If you're European and wanted to buy an American-made whatever, take away the tariffs for a moment. It got a lot cheaper. It got 8% cheaper in the last, I don't know how long, from when you said it was around $1.08 or so. So things got cheaper. That makes us a little bit more attractive.

Right, whatever it might be. The one thing it does help is that our goods are comparatively cheaper, right? So If you're European and wanted to buy an American-made whatever, take away the tariffs for a moment. It got a lot cheaper. It got 8% cheaper in the last, I don't know how long, from when you said it was around $1.08 or so. So things got cheaper. That makes us a little bit more attractive.

Also, it does help multinational companies when they report earnings. So let's say you're Procter & Gamble, you sell $10 billion in Europe and you convert your euros back into dollars, you get more dollars, your earnings will go up. But I always dismiss that because it works the other way sometimes. I don't really... I count FX when I think about a company's earnings power. Others do. I don't.

Also, it does help multinational companies when they report earnings. So let's say you're Procter & Gamble, you sell $10 billion in Europe and you convert your euros back into dollars, you get more dollars, your earnings will go up. But I always dismiss that because it works the other way sometimes. I don't really... I count FX when I think about a company's earnings power. Others do. I don't.

Also, it does help multinational companies when they report earnings. So let's say you're Procter & Gamble, you sell $10 billion in Europe and you convert your euros back into dollars, you get more dollars, your earnings will go up. But I always dismiss that because it works the other way sometimes. I don't really... I count FX when I think about a company's earnings power. Others do. I don't.

I know. I always have to decode all this. No, it's good. I assume people know, but no one's born knowing what FX is.

I know. I always have to decode all this. No, it's good. I assume people know, but no one's born knowing what FX is.

I know. I always have to decode all this. No, it's good. I assume people know, but no one's born knowing what FX is.

I think deregulation. I feel like that is something in their control, and that would be a benefit to many companies. So even Jamie Dimon said it on his call. Jamie Dimon, I think, is one of the greatest financial executives of the last century. Brian Moynihan also said it. He's the CEO of Bank America. He said on his call, the amount of paperwork and legal issues and rules that change and

I think deregulation. I feel like that is something in their control, and that would be a benefit to many companies. So even Jamie Dimon said it on his call. Jamie Dimon, I think, is one of the greatest financial executives of the last century. Brian Moynihan also said it. He's the CEO of Bank America. He said on his call, the amount of paperwork and legal issues and rules that change and

I think deregulation. I feel like that is something in their control, and that would be a benefit to many companies. So even Jamie Dimon said it on his call. Jamie Dimon, I think, is one of the greatest financial executives of the last century. Brian Moynihan also said it. He's the CEO of Bank America. He said on his call, the amount of paperwork and legal issues and rules that change and

and are so arcane in some ways, and also just, I don't know, whimsical, but that they have to comply with cost banks so much money. So if deregulation happens in many businesses, but let's choose banking because they are particularly regulated, then that will free up more money for making additional loans. It will make the banks more profitable, which makes them healthier.

and are so arcane in some ways, and also just, I don't know, whimsical, but that they have to comply with cost banks so much money. So if deregulation happens in many businesses, but let's choose banking because they are particularly regulated, then that will free up more money for making additional loans. It will make the banks more profitable, which makes them healthier.

and are so arcane in some ways, and also just, I don't know, whimsical, but that they have to comply with cost banks so much money. So if deregulation happens in many businesses, but let's choose banking because they are particularly regulated, then that will free up more money for making additional loans. It will make the banks more profitable, which makes them healthier.

And Jamie Dimon gave the example of if we could get rid of some of that regulation, we could make mortgages cheaper up to about 70 basis points cheaper, which matters a lot if you're a homeowner and you can get a mortgage 70 basis points. So lower than what you have now. That would be a very good thing. And that's something that's in their control. So we may see that.

And Jamie Dimon gave the example of if we could get rid of some of that regulation, we could make mortgages cheaper up to about 70 basis points cheaper, which matters a lot if you're a homeowner and you can get a mortgage 70 basis points. So lower than what you have now. That would be a very good thing. And that's something that's in their control. So we may see that.

And Jamie Dimon gave the example of if we could get rid of some of that regulation, we could make mortgages cheaper up to about 70 basis points cheaper, which matters a lot if you're a homeowner and you can get a mortgage 70 basis points. So lower than what you have now. That would be a very good thing. And that's something that's in their control. So we may see that.

Not too much deregulation, though.

Not too much deregulation, though.