Kate Leinbaugh

Well, pretty much. I mean, interestingly, the vacation I took for my kids' spring break was to Panama, which you may have noticed has been in the news lately. As you might expect from, you know, locals and tour guides and so forth, there were a few references to the fact that this country has been in the news recently.

I did. I actually spent my birthday on the Panama Canal on Sunday. And it was really cool.

I did. I actually spent my birthday on the Panama Canal on Sunday. And it was really cool.

I did. I actually spent my birthday on the Panama Canal on Sunday. And it was really cool.

Well, it does seem like I missed a lot of gyrations in ye olde economy. Like there was a lot of back and forth about the tariffs and the deals and the economic stuff. And the markets. So I'm trying to catch up on where all that stands. All right, then. So let's dive in.

Well, it does seem like I missed a lot of gyrations in ye olde economy. Like there was a lot of back and forth about the tariffs and the deals and the economic stuff. And the markets. So I'm trying to catch up on where all that stands. All right, then. So let's dive in.

Well, it does seem like I missed a lot of gyrations in ye olde economy. Like there was a lot of back and forth about the tariffs and the deals and the economic stuff. And the markets. So I'm trying to catch up on where all that stands. All right, then. So let's dive in.

Well, the tariffs don't seem to be going great in the sense that he keeps going back and forth on them. And the public is not particularly enthusiastic. Trump's approval rating has dropped. His approval rating on the economy has especially dropped. And the tariffs themselves are extremely unpopular. So it's possible that there is a long-term strategy here that we're just not seeing.

Well, the tariffs don't seem to be going great in the sense that he keeps going back and forth on them. And the public is not particularly enthusiastic. Trump's approval rating has dropped. His approval rating on the economy has especially dropped. And the tariffs themselves are extremely unpopular. So it's possible that there is a long-term strategy here that we're just not seeing.

Well, the tariffs don't seem to be going great in the sense that he keeps going back and forth on them. And the public is not particularly enthusiastic. Trump's approval rating has dropped. His approval rating on the economy has especially dropped. And the tariffs themselves are extremely unpopular. So it's possible that there is a long-term strategy here that we're just not seeing.

But in the moment, it doesn't seem to be going great.

But in the moment, it doesn't seem to be going great.

But in the moment, it doesn't seem to be going great.

You hear this a lot from the White House, right? They're saying that like Wall Street is not the economy. Wall Street isn't Main Street. So why is Wall Street freaking out so much? Is it just the expectation that eventually there will be an economic effect to all of these things?

You hear this a lot from the White House, right? They're saying that like Wall Street is not the economy. Wall Street isn't Main Street. So why is Wall Street freaking out so much? Is it just the expectation that eventually there will be an economic effect to all of these things?

You hear this a lot from the White House, right? They're saying that like Wall Street is not the economy. Wall Street isn't Main Street. So why is Wall Street freaking out so much? Is it just the expectation that eventually there will be an economic effect to all of these things?

Or is it actually that for all the sort of noise, the sound and fury coming out of the administration, they just haven't actually done very much? Right.

Or is it actually that for all the sort of noise, the sound and fury coming out of the administration, they just haven't actually done very much? Right.

Or is it actually that for all the sort of noise, the sound and fury coming out of the administration, they just haven't actually done very much? Right.

One area where, again, this isn't, I guess, a concrete statistic, it's more vibes, but one area where we do seem to see a change is in consumer confidence, correct? I feel like even though all of these indicators appear stable, the vibes of the economy are bad. Is that what that means? And what are their consequences to that? Or is it just a vibe?