Tom Ellsworth

That's a factual statement based on the way the laws work.

That's a factual statement based on the way the laws work.

And you want to reflect it, bring it around full circle? Go ahead. Who is the state of California going after? Who are they suing as of two weeks ago? Who? Who did Gavin Newsom say he's suing? The Trump administration. Exactly. So they're suing the Trump administration. By the way, what was the S&P on April 1st where we were all worried about Liberation Day? Did it go up? It was 56-33.

And you want to reflect it, bring it around full circle? Go ahead. Who is the state of California going after? Who are they suing as of two weeks ago? Who? Who did Gavin Newsom say he's suing? The Trump administration. Exactly. So they're suing the Trump administration. By the way, what was the S&P on April 1st where we were all worried about Liberation Day? Did it go up? It was 56-33.

You know what the S&P is as of this moment? What? 56-39. Oh, weird. So the entire loss from Liberation Day has been eliminated a little at a time as these little wins and big wins are piling up. But the state of California lets all this stuff go on, yet they're suing the president under the things for the tariffs. And guess what the markets are saying? California, you're wrong.

You know what the S&P is as of this moment? What? 56-39. Oh, weird. So the entire loss from Liberation Day has been eliminated a little at a time as these little wins and big wins are piling up. But the state of California lets all this stuff go on, yet they're suing the president under the things for the tariffs. And guess what the markets are saying? California, you're wrong.

I said it on a previous podcast, and I will say it again. This guy is not a loser. He's their king. It was amazing what he did. All he had to do when Trump said, you know, Governor Trudeau came down to visit me. He said Governor Trudeau. He didn't say Governor Polivet. He said Governor Trudeau. And then he said 51st State. To me, I would have walked through that open door and saying Canada.

I said it on a previous podcast, and I will say it again. This guy is not a loser. He's their king. It was amazing what he did. All he had to do when Trump said, you know, Governor Trudeau came down to visit me. He said Governor Trudeau. He didn't say Governor Polivet. He said Governor Trudeau. And then he said 51st State. To me, I would have walked through that open door and saying Canada.

Do you want Trudeau's Canada? Because Trudeau's Canada is a wimpy little Canada that should be the 51st state. But I'm here to tell you that I am with sovereign Canada, and I am with the Canada of tomorrow. And the Canada of tomorrow is the United States' best partner, and the United States is our best partner. That's the Canada tomorrow. Do we want to go there? Is this where we want to go?

Do you want Trudeau's Canada? Because Trudeau's Canada is a wimpy little Canada that should be the 51st state. But I'm here to tell you that I am with sovereign Canada, and I am with the Canada of tomorrow. And the Canada of tomorrow is the United States' best partner, and the United States is our best partner. That's the Canada tomorrow. Do we want to go there? Is this where we want to go?

Do we want to affect the taxation that's here? Do we want to embrace the spirit of the truckers that Trudeau froze their bank accounts and stopped them on the road? Do we want that spirit? I am with Trump because we will be his best partner. He will be our best partner. And he's talking about Trudeau, and he's talking about failed policies.

Do we want to affect the taxation that's here? Do we want to embrace the spirit of the truckers that Trudeau froze their bank accounts and stopped them on the road? Do we want that spirit? I am with Trump because we will be his best partner. He will be our best partner. And he's talking about Trudeau, and he's talking about failed policies.

That's who he's talking about when he calls him Governor Trudeau. But we are sovereign Canada, and I want to take Canada to tomorrow. That is a leader and a vision statement. That's all he had to do.

That's who he's talking about when he calls him Governor Trudeau. But we are sovereign Canada, and I want to take Canada to tomorrow. That is a leader and a vision statement. That's all he had to do.

Bingo. Bingo. Tom, thoughts? Well, I'll tell you what's going on here. Rob, if you could pull this up so people could see a chart. Search for CNBC, two charts, TMSC. And you'll find it. It goes back... There it is. You see that? That blue part, Taiwan, that's what China wants. That is the world market share of critical chips, Pat. And that's what the risk of China is. And guess what?

Bingo. Bingo. Tom, thoughts? Well, I'll tell you what's going on here. Rob, if you could pull this up so people could see a chart. Search for CNBC, two charts, TMSC. And you'll find it. It goes back... There it is. You see that? That blue part, Taiwan, that's what China wants. That is the world market share of critical chips, Pat. And that's what the risk of China is. And guess what?

Part of that's going to be red, white and blue because part of that is now going to go to the USA because one third of TSMC supposedly is going to be built in the USA. But that's the risk of China taking that market share on chips and holding the world there. And what we've done here is

Part of that's going to be red, white and blue because part of that is now going to go to the USA because one third of TSMC supposedly is going to be built in the USA. But that's the risk of China taking that market share on chips and holding the world there. And what we've done here is

is they already had a grant, and they already had an economic incentive, but now they're talking about a third chip plant in Arizona. So not only have we got a couple, just in the last two days, look at the win on India, look at the win that's happening here, and this announcement here, this is long-term U.S. jobs, and this is de-risking China. And so you said it on the last podcast, hey, folks,

is they already had a grant, and they already had an economic incentive, but now they're talking about a third chip plant in Arizona. So not only have we got a couple, just in the last two days, look at the win on India, look at the win that's happening here, and this announcement here, this is long-term U.S. jobs, and this is de-risking China. And so you said it on the last podcast, hey, folks,