Maria Aspin

So Trump didn't rule out the possibility of a recession. Now, it's important to note that his Commerce Secretary, Howard Lutnick, did. He told NBC News in a different interview that there is, quote, no chance of a recession. But yesterday, Wall Street seemed to be listening to Trump, not Lutnick.

So Trump didn't rule out the possibility of a recession. Now, it's important to note that his Commerce Secretary, Howard Lutnick, did. He told NBC News in a different interview that there is, quote, no chance of a recession. But yesterday, Wall Street seemed to be listening to Trump, not Lutnick.

Well, one of the big concerns over tariffs is that they could really hike the prices consumers pay for everything from cars to groceries. That'll contribute to inflation and hurt the wider economy. And we've seen companies, including Target and Best Buy, warn that, yeah, tariffs are going to lead to higher prices. So that's a huge consideration for consumers and for consumer-facing businesses.

Well, one of the big concerns over tariffs is that they could really hike the prices consumers pay for everything from cars to groceries. That'll contribute to inflation and hurt the wider economy. And we've seen companies, including Target and Best Buy, warn that, yeah, tariffs are going to lead to higher prices. So that's a huge consideration for consumers and for consumer-facing businesses.

Well, one of the big concerns over tariffs is that they could really hike the prices consumers pay for everything from cars to groceries. That'll contribute to inflation and hurt the wider economy. And we've seen companies, including Target and Best Buy, warn that, yeah, tariffs are going to lead to higher prices. So that's a huge consideration for consumers and for consumer-facing businesses.

And then, as you point out, Steve, all of the back and forth with tariff policy has created a lot of swings in the stock market. And that volatility makes it hard to plan for both consumers and investors. I talked about this last week with Ana Tavis. She's a management professor at NYU where she talks to executives across corporate America.

And then, as you point out, Steve, all of the back and forth with tariff policy has created a lot of swings in the stock market. And that volatility makes it hard to plan for both consumers and investors. I talked about this last week with Ana Tavis. She's a management professor at NYU where she talks to executives across corporate America.

And then, as you point out, Steve, all of the back and forth with tariff policy has created a lot of swings in the stock market. And that volatility makes it hard to plan for both consumers and investors. I talked about this last week with Ana Tavis. She's a management professor at NYU where she talks to executives across corporate America.

And now we're starting to see that uncertainty creeping across our economy. For example, yesterday, Delta Airlines cut its forecast, citing reduced consumer and corporate confidence and economic uncertainty.

And now we're starting to see that uncertainty creeping across our economy. For example, yesterday, Delta Airlines cut its forecast, citing reduced consumer and corporate confidence and economic uncertainty.

And now we're starting to see that uncertainty creeping across our economy. For example, yesterday, Delta Airlines cut its forecast, citing reduced consumer and corporate confidence and economic uncertainty.

So tech companies like Apple and Nvidia are some of the hottest stocks, so they're also the most expensive, and some of their losses may have just been investors realizing we're spending too much for what we're getting. But Trump's comments over the weekend really seem to signal a shift in how he thinks about the market.

So tech companies like Apple and Nvidia are some of the hottest stocks, so they're also the most expensive, and some of their losses may have just been investors realizing we're spending too much for what we're getting. But Trump's comments over the weekend really seem to signal a shift in how he thinks about the market.

So tech companies like Apple and Nvidia are some of the hottest stocks, so they're also the most expensive, and some of their losses may have just been investors realizing we're spending too much for what we're getting. But Trump's comments over the weekend really seem to signal a shift in how he thinks about the market.

He used to really rely on the market's performance as a kind of proxy approval rating, and now he seems to be signaling that he's more focused on tariffs. even if the market is unhappy and even if they cause more immediate economic pain.

He used to really rely on the market's performance as a kind of proxy approval rating, and now he seems to be signaling that he's more focused on tariffs. even if the market is unhappy and even if they cause more immediate economic pain.

He used to really rely on the market's performance as a kind of proxy approval rating, and now he seems to be signaling that he's more focused on tariffs. even if the market is unhappy and even if they cause more immediate economic pain.

Thank you.

Thank you.

Thank you.