Scott Simon

You know, for the moment, at least, investors are relieved by this 90-day pause on at least some of the president's tariffs. But it has been a very rocky seven days. And the roadmap could change at any moment with another stroke of the president's big Sharpie pen.

You know, for the moment, at least, investors are relieved by this 90-day pause on at least some of the president's tariffs. But it has been a very rocky seven days. And the roadmap could change at any moment with another stroke of the president's big Sharpie pen.

You're welcome.

You're welcome.

You're welcome.

Good morning, Leila.

Good morning, Leila.

Good morning, Leila.

It's likely to mean both higher prices and slower economic growth. We've seen a lot of forecasters warn that this could tip the United States into recession. Certainly other countries that rely on exporting to the U.S. are looking at a big economic slowdown.

It's likely to mean both higher prices and slower economic growth. We've seen a lot of forecasters warn that this could tip the United States into recession. Certainly other countries that rely on exporting to the U.S. are looking at a big economic slowdown.

It's likely to mean both higher prices and slower economic growth. We've seen a lot of forecasters warn that this could tip the United States into recession. Certainly other countries that rely on exporting to the U.S. are looking at a big economic slowdown.

That's why markets have nosedived all around the world in recent days and why investors are so desperate for any sign that maybe there's an off-ramp here. Now, Trump did have that phone call yesterday with Japan's prime minister. The head of the European Commission, Ursula von der Leyen, says her side is willing to make a deal.

That's why markets have nosedived all around the world in recent days and why investors are so desperate for any sign that maybe there's an off-ramp here. Now, Trump did have that phone call yesterday with Japan's prime minister. The head of the European Commission, Ursula von der Leyen, says her side is willing to make a deal.

That's why markets have nosedived all around the world in recent days and why investors are so desperate for any sign that maybe there's an off-ramp here. Now, Trump did have that phone call yesterday with Japan's prime minister. The head of the European Commission, Ursula von der Leyen, says her side is willing to make a deal.

But as things stand right now, products from the EU are going to be slapped with a 20 percent tariff tomorrow. Japanese goods are facing a 24 percent tariff and imports from China could be looking at tariffs of over 100 percent.

But as things stand right now, products from the EU are going to be slapped with a 20 percent tariff tomorrow. Japanese goods are facing a 24 percent tariff and imports from China could be looking at tariffs of over 100 percent.

But as things stand right now, products from the EU are going to be slapped with a 20 percent tariff tomorrow. Japanese goods are facing a 24 percent tariff and imports from China could be looking at tariffs of over 100 percent.

If we do fall into recession and see a spike in unemployment, the Fed will probably have to lower interest rates. But that's not where we are right now. In fact, the jobs report we got last week showed a stronger labor market than many forecasters had expected. And, of course, we're still not out of the woods on inflation.

If we do fall into recession and see a spike in unemployment, the Fed will probably have to lower interest rates. But that's not where we are right now. In fact, the jobs report we got last week showed a stronger labor market than many forecasters had expected. And, of course, we're still not out of the woods on inflation.

If we do fall into recession and see a spike in unemployment, the Fed will probably have to lower interest rates. But that's not where we are right now. In fact, the jobs report we got last week showed a stronger labor market than many forecasters had expected. And, of course, we're still not out of the woods on inflation.