YMS Senior Contributor, Dave Zanotti joins us to discuss the Tariffs, elections in Florida and things to watch for between now and the midterms.
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Speaker 1 (00:00):
Previously on Your Morning Show with Michael Del Choano.
Speaker 2 (00:04):
It was a pretty crazy busy week, starting with Liberation Day,
actually starting with the special elections in Florida, which went
well for the Republicans. The two big elections, one went
well for voter I d the other not so well,
to maintain the liberal balance of the court in the
state of Wisconsin. Then Liberation Day, then the market crashes.
(00:25):
Here comes day two of the crash, with a lot
of severe weather in between. There is a lot to
make sense of. We call this our little House of David.
David Sanati joining us on the liveline to put all
this in perspective. Yeah, you're watching House of David, thinking.
Speaker 3 (00:40):
Yeah, I was named well, all right.
Speaker 2 (00:42):
Well, before we get to House of David the show
and the show down with Goliath, which was released yesterday,
let's talk about this crazy week. First things first, from
Wisconsin to Florida. What do we learn from these elections?
Speaker 3 (00:55):
Not much, Michael, not much.
Speaker 4 (00:57):
This was the low low load your election cycle, and
so you've got all kinds of stuff like the Florida election.
Speaker 5 (01:04):
You know, we have an office in Florida since and
where we are.
Speaker 4 (01:06):
Right now, and find the guy who won the conyersenal seat,
and everyone's making a big deal about lower turnout. Well, look,
he's not the most popular candidate among the Conservatives in Florida.
He was just the next guy in line. I mean,
even DeSantis has been beaten up on him this week.
So you know, no one's reporting that side of the
(01:27):
story from the ground what really looks like.
Speaker 5 (01:29):
So there's really no trend lines here.
Speaker 3 (01:31):
There's no big deal.
Speaker 4 (01:33):
I mean, the biggest story in the world right now, way,
one of the biggest stories in the world right now
is the fact that we've got a federal judge the
things he really can run the country, and I mean
it's almost the point of being comic book hilarious. And
the Trump administration now recognizing that there are singular judges
who actually think that they can control the whole nation
in regards to immigration policy.
Speaker 5 (01:54):
It's remarkable.
Speaker 2 (01:57):
Well, yeah, I thought we were heading in different direction,
so you kind of threw me. I think the biggest
story in the world right now is the tariffs and
what's happening with the market and what's happening with some
of these countries. And we've talked about this in the past.
Dangerous game to play with tariffs. It's long been talked about,
but very little acted on, and probably for this kind
of turbulence that we're experiencing right now. But on the
(02:17):
other end of the turbulence, is there success or is
this just the beginning of a losing losing effort?
Speaker 5 (02:24):
Well, and how one leads into the other.
Speaker 4 (02:27):
Don't be surprised that we suddenly see a surge of
cases challenging the constitutionality of the tariffs in federal courts,
and some other Obama appointed judge or some judge like that.
Speaker 5 (02:42):
Will turn around and say, oh, I got an idea.
Speaker 4 (02:43):
I can control international global economic.
Speaker 5 (02:47):
Policy from America by my courtroom.
Speaker 4 (02:50):
So I think this is now the phase of the
revolution that we're coming into. Where are we going to
have a constitutional form of government or not? Or the
judge is going to control everything? Now, the questions you
raise about tariff's there's a bigger one.
Speaker 3 (03:03):
And you know, I always kind of go.
Speaker 4 (03:04):
First, because afterget we've got lots of people listening around
how many cities now?
Speaker 5 (03:09):
But you know, tariffs are an interesting story.
Speaker 4 (03:14):
I don't find anybody very confident in their history and
in their evidence. What I hear is a lot of
people afraid of change. The truth of the matter is,
I'm not sure we know how this is going to
work out. And so the idea that two trillion dollars
has suddenly disappeared from the American economy because of.
Speaker 5 (03:32):
Tariff's, yeah maybe, but it might be back in ten days.
Speaker 3 (03:36):
Right.
Speaker 2 (03:37):
Well, I had a friend and I won't name them
based on this particular content, but it was just like, hey,
we had two million dollars in orders canceled this week
from Europe. All right, you know that's that's real. Now,
that makes for very stressful ten days for them. We
saw yesterday Vietnam very disproportionate or on the president's worst
(04:01):
defenders list, along with Thailand, Thailand in India, you know,
and Canada even to some degree, all caving in the
first hours. So you know, as we heard the Ottawa
premiere say, you know, if the president will drop his tariffs,
will certainly drop ours. So we never have really had
a sense is this and art of the deal to
(04:22):
level the playing field? Yeah, we're going to come up
and tear a few But now that you've come to
your senses that we both need each other, now let's
work out a deal that is fair for both countries.
So I don't know how long it lasts. I don't
know if it's a short term play a long term play.
You can make the case long term that a lot
of manufacturing would move here, or if costs for you know, Vietnam,
(04:43):
I'm thinking Nike. I mean virtually every Nike shoe is
made in Vietnam, so is most of the golf wear
as you're wearing, you know, and maybe we buy indeedas
I don't know. I don't know how it all plays out.
I sense that the better play is we mean it
and we're going to move forward, and maybe we can
have a short term negotiation and avoid it. In other words,
(05:07):
when you brought up ten days, I think everybody's rooting
for that, because long term it gets a lot gets
a lot more uncomfortable.
Speaker 4 (05:14):
Yeah, and Michael, look the history of tariffs and why
America as a government chose to use tariffs to raise
revenues as.
Speaker 5 (05:23):
Opposed to taxing her own people.
Speaker 6 (05:27):
That's the difference.
Speaker 5 (05:28):
You know, until we got to nineteen thirteen, there was no.
Speaker 4 (05:31):
Income tax exactly, and so what we did was we
had excise taxes and we have had tariffs.
Speaker 3 (05:36):
That's how we funded our government.
Speaker 4 (05:38):
So is what the President's saying is it's time to
get back to the fundamental basics as to if we're
going to do international trade.
Speaker 3 (05:46):
We've got to balance these skills up.
Speaker 5 (05:47):
It's kind of hard to argue with that.
Speaker 4 (05:50):
The question is everybody's in a reactionary mood right now.
And it's sort of remarkable that Wall Street and the
people who play there actually have the capacity of cash
flow to throw two trillion away back and forth. And
it's just a part of doing business in an average month. Okay,
I mean, we've got to keep this in perspective. There
are people starving in the world right now, not knowing
(06:12):
if they're going to survive this day or get clean water,
and so, I mean it's one of these questions of
how well do we have this balance?
Speaker 5 (06:19):
And the truth is Donald Trump and his economic.
Speaker 4 (06:22):
Advisors have a vision for restructuring the way we do
business in America. Okay, that's fair content, and everyone's had
fair warning. This is what we knew was coming, right,
So there are bigger questions that we've got to ask.
Speaker 6 (06:34):
Now.
Speaker 4 (06:35):
It's wonderful to hear everybody talking about we're going to
have all these plants, all these plans.
Speaker 5 (06:39):
That's really exciting. We just got one problem. It's going
to work there. We got to get population crisis.
Speaker 4 (06:47):
Right now, we're closing colleges left and right because there's
no students, because there's no children. Hey, people aren't having kids,
are getting married later, they're having fewer children. Okay, fine,
if we put a thousand new manufacturing plans and we
now suddenly we have one hundred thousand jobs that are available.
Speaker 2 (07:03):
Well, but here's another ugly secret, and I think it
looks worse moving forward because abortion now is a pill.
It's now become a far pharmaceutical solution. Therefore, there's probably
going to be more, not less, and we are not
keeping up with replenishing our population as it is. Davidsonatti's
the CEO of the American Policy Round tablely hosts the
(07:23):
Public squarehead on two ouner stations and kind of talking
about the tariffs in general, would the I mean, there
are some that have alluded to if he can level
this playing field, and by the way, Donald Trump is
just the first to act upon it. I've got audio
and our sounds of the day. You're going to hear
a younger Nancy Pelosi in about nineteen ninety six, laying
out the very, very, yeah, the very case that Donald
(07:47):
Trump is laying out right now. So both sides of
the aisle know this has been going on. No, we've
been getting ripped off. No, it's been unfair. If you
could ultimately the Hail Mary is touchdown and he pulls
this off, you could almost get rid of the income
tax based on the revenue from this, if you could, what.
Speaker 3 (08:09):
Would he be wise?
Speaker 2 (08:10):
Would he be wise though, to lay that out to
the American people? In other words, my friend who's saying
I just lost two million dollars worth of orders this week? Yeah,
but what if you wake up five years from now
and there's no more income tax?
Speaker 3 (08:22):
Now, how does your family look? I don't know.
Speaker 2 (08:24):
I'm just saying you might want I think I think
that's their ultimate vision. Now, Donald Trump, I can play
you an audio clip with Oprah from nineteen eighty eight.
This has always rubbed him the wrong way. This has
been his lifelong mission. He supported Democrats and Republicans to
constantly address this, and none of them had the courage
to do it. Because of what we lived yesterday and
(08:44):
what we're going to live today and The reality is,
they all know it's unfair, they all know it need
to be It's needed to be addressed. Donald Trump is
finally addressing it. I think that's the main passion there.
But the other could be replacing income tax. He might
as well come out and explain it to him because
it's possible.
Speaker 4 (09:02):
Well, and this is where the strategy of having three
plays going at the same time comes in. You've got
the whole question of doge and exposing the abuse and
being able to drop a trillion dollars from the annual deficit.
Speaker 6 (09:14):
That's a big deal. So he's made that play.
Speaker 5 (09:16):
Now he's got the teriff play going on, and right.
Speaker 4 (09:20):
Behind that is going to come the big beautiful bill
dealing with federal taxation.
Speaker 5 (09:25):
So he's got three things going.
Speaker 4 (09:26):
At the same time, which makes sense when you've only
got four years. And it makes sense that when you
keep this going, the other side can't simply focus on
Elon Musk. There's three key plays that would restructure the
priorities of the way.
Speaker 6 (09:42):
We do business in America.
Speaker 4 (09:44):
And look, what we've got going right now is working
for some, but it's not working.
Speaker 3 (09:49):
On the long range.
Speaker 6 (09:51):
It's not going to keep going we can't keep.
Speaker 3 (09:54):
Going the way we're going.
Speaker 5 (09:55):
So I got to give Trump a lot of credit.
Speaker 3 (09:57):
Yeah, not even the judges apparently yet.
Speaker 1 (10:00):
And keep up with that, miss a little, miss a lot,
miss a lot, and we'll miss you. It's Your Morning
Show with Michael del Churno
Previously on Your Morning Show with Michael Del Choano.
Speaker 2 (00:04):
It was a pretty crazy busy week, starting with Liberation Day,
actually starting with the special elections in Florida, which went
well for the Republicans. The two big elections, one went
well for voter I d the other not so well,
to maintain the liberal balance of the court in the
state of Wisconsin. Then Liberation Day, then the market crashes.
(00:25):
Here comes day two of the crash, with a lot
of severe weather in between. There is a lot to
make sense of. We call this our little House of David.
David Sanati joining us on the liveline to put all
this in perspective. Yeah, you're watching House of David, thinking.
Speaker 3 (00:40):
Yeah, I was named well, all right.
Speaker 2 (00:42):
Well, before we get to House of David the show
and the show down with Goliath, which was released yesterday,
let's talk about this crazy week. First things first, from
Wisconsin to Florida. What do we learn from these elections?
Speaker 3 (00:55):
Not much, Michael, not much.
Speaker 4 (00:57):
This was the low low load your election cycle, and
so you've got all kinds of stuff like the Florida election.
Speaker 5 (01:04):
You know, we have an office in Florida since and
where we are.
Speaker 4 (01:06):
Right now, and find the guy who won the conyersenal seat,
and everyone's making a big deal about lower turnout. Well, look,
he's not the most popular candidate among the Conservatives in Florida.
He was just the next guy in line. I mean,
even DeSantis has been beaten up on him this week.
So you know, no one's reporting that side of the
(01:27):
story from the ground what really looks like.
Speaker 5 (01:29):
So there's really no trend lines here.
Speaker 3 (01:31):
There's no big deal.
Speaker 4 (01:33):
I mean, the biggest story in the world right now, way,
one of the biggest stories in the world right now
is the fact that we've got a federal judge the
things he really can run the country, and I mean
it's almost the point of being comic book hilarious. And
the Trump administration now recognizing that there are singular judges
who actually think that they can control the whole nation
in regards to immigration policy.
Speaker 5 (01:54):
It's remarkable.
Speaker 2 (01:57):
Well, yeah, I thought we were heading in different direction,
so you kind of threw me. I think the biggest
story in the world right now is the tariffs and
what's happening with the market and what's happening with some
of these countries. And we've talked about this in the past.
Dangerous game to play with tariffs. It's long been talked about,
but very little acted on, and probably for this kind
of turbulence that we're experiencing right now. But on the
(02:17):
other end of the turbulence, is there success or is
this just the beginning of a losing losing effort?
Speaker 5 (02:24):
Well, and how one leads into the other.
Speaker 4 (02:27):
Don't be surprised that we suddenly see a surge of
cases challenging the constitutionality of the tariffs in federal courts,
and some other Obama appointed judge or some judge like that.
Speaker 5 (02:42):
Will turn around and say, oh, I got an idea.
Speaker 4 (02:43):
I can control international global economic.
Speaker 5 (02:47):
Policy from America by my courtroom.
Speaker 4 (02:50):
So I think this is now the phase of the
revolution that we're coming into. Where are we going to
have a constitutional form of government or not? Or the
judge is going to control everything? Now, the questions you
raise about tariff's there's a bigger one.
Speaker 3 (03:03):
And you know, I always kind of go.
Speaker 4 (03:04):
First, because afterget we've got lots of people listening around
how many cities now?
Speaker 5 (03:09):
But you know, tariffs are an interesting story.
Speaker 4 (03:14):
I don't find anybody very confident in their history and
in their evidence. What I hear is a lot of
people afraid of change. The truth of the matter is,
I'm not sure we know how this is going to
work out. And so the idea that two trillion dollars
has suddenly disappeared from the American economy because of.
Speaker 5 (03:32):
Tariff's, yeah maybe, but it might be back in ten days.
Speaker 3 (03:36):
Right.
Speaker 2 (03:37):
Well, I had a friend and I won't name them
based on this particular content, but it was just like, hey,
we had two million dollars in orders canceled this week
from Europe. All right, you know that's that's real. Now,
that makes for very stressful ten days for them. We
saw yesterday Vietnam very disproportionate or on the president's worst
(04:01):
defenders list, along with Thailand, Thailand in India, you know,
and Canada even to some degree, all caving in the
first hours. So you know, as we heard the Ottawa
premiere say, you know, if the president will drop his tariffs,
will certainly drop ours. So we never have really had
a sense is this and art of the deal to
(04:22):
level the playing field? Yeah, we're going to come up
and tear a few But now that you've come to
your senses that we both need each other, now let's
work out a deal that is fair for both countries.
So I don't know how long it lasts. I don't
know if it's a short term play a long term play.
You can make the case long term that a lot
of manufacturing would move here, or if costs for you know, Vietnam,
(04:43):
I'm thinking Nike. I mean virtually every Nike shoe is
made in Vietnam, so is most of the golf wear
as you're wearing, you know, and maybe we buy indeedas
I don't know. I don't know how it all plays out.
I sense that the better play is we mean it
and we're going to move forward, and maybe we can
have a short term negotiation and avoid it. In other words,
(05:07):
when you brought up ten days, I think everybody's rooting
for that, because long term it gets a lot gets
a lot more uncomfortable.
Speaker 4 (05:14):
Yeah, and Michael, look the history of tariffs and why
America as a government chose to use tariffs to raise
revenues as.
Speaker 5 (05:23):
Opposed to taxing her own people.
Speaker 6 (05:27):
That's the difference.
Speaker 5 (05:28):
You know, until we got to nineteen thirteen, there was no.
Speaker 4 (05:31):
Income tax exactly, and so what we did was we
had excise taxes and we have had tariffs.
Speaker 3 (05:36):
That's how we funded our government.
Speaker 4 (05:38):
So is what the President's saying is it's time to
get back to the fundamental basics as to if we're
going to do international trade.
Speaker 3 (05:46):
We've got to balance these skills up.
Speaker 5 (05:47):
It's kind of hard to argue with that.
Speaker 4 (05:50):
The question is everybody's in a reactionary mood right now.
And it's sort of remarkable that Wall Street and the
people who play there actually have the capacity of cash
flow to throw two trillion away back and forth. And
it's just a part of doing business in an average month. Okay,
I mean, we've got to keep this in perspective. There
are people starving in the world right now, not knowing
(06:12):
if they're going to survive this day or get clean water,
and so, I mean it's one of these questions of
how well do we have this balance?
Speaker 5 (06:19):
And the truth is Donald Trump and his economic.
Speaker 4 (06:22):
Advisors have a vision for restructuring the way we do
business in America. Okay, that's fair content, and everyone's had
fair warning. This is what we knew was coming, right,
So there are bigger questions that we've got to ask.
Speaker 6 (06:34):
Now.
Speaker 4 (06:35):
It's wonderful to hear everybody talking about we're going to
have all these plants, all these plans.
Speaker 5 (06:39):
That's really exciting. We just got one problem. It's going
to work there. We got to get population crisis.
Speaker 4 (06:47):
Right now, we're closing colleges left and right because there's
no students, because there's no children. Hey, people aren't having kids,
are getting married later, they're having fewer children. Okay, fine,
if we put a thousand new manufacturing plans and we
now suddenly we have one hundred thousand jobs that are available.
Speaker 2 (07:03):
Well, but here's another ugly secret, and I think it
looks worse moving forward because abortion now is a pill.
It's now become a far pharmaceutical solution. Therefore, there's probably
going to be more, not less, and we are not
keeping up with replenishing our population as it is. Davidsonatti's
the CEO of the American Policy Round tablely hosts the
(07:23):
Public squarehead on two ouner stations and kind of talking
about the tariffs in general, would the I mean, there
are some that have alluded to if he can level
this playing field, and by the way, Donald Trump is
just the first to act upon it. I've got audio
and our sounds of the day. You're going to hear
a younger Nancy Pelosi in about nineteen ninety six, laying
out the very, very, yeah, the very case that Donald
(07:47):
Trump is laying out right now. So both sides of
the aisle know this has been going on. No, we've
been getting ripped off. No, it's been unfair. If you
could ultimately the Hail Mary is touchdown and he pulls
this off, you could almost get rid of the income
tax based on the revenue from this, if you could, what.
Speaker 3 (08:09):
Would he be wise?
Speaker 2 (08:10):
Would he be wise though, to lay that out to
the American people? In other words, my friend who's saying
I just lost two million dollars worth of orders this week? Yeah,
but what if you wake up five years from now
and there's no more income tax?
Speaker 3 (08:22):
Now, how does your family look? I don't know.
Speaker 2 (08:24):
I'm just saying you might want I think I think
that's their ultimate vision. Now, Donald Trump, I can play
you an audio clip with Oprah from nineteen eighty eight.
This has always rubbed him the wrong way. This has
been his lifelong mission. He supported Democrats and Republicans to
constantly address this, and none of them had the courage
to do it. Because of what we lived yesterday and
(08:44):
what we're going to live today and The reality is,
they all know it's unfair, they all know it need
to be It's needed to be addressed. Donald Trump is
finally addressing it. I think that's the main passion there.
But the other could be replacing income tax. He might
as well come out and explain it to him because
it's possible.
Speaker 4 (09:02):
Well, and this is where the strategy of having three
plays going at the same time comes in. You've got
the whole question of doge and exposing the abuse and
being able to drop a trillion dollars from the annual deficit.
Speaker 6 (09:14):
That's a big deal. So he's made that play.
Speaker 5 (09:16):
Now he's got the teriff play going on, and right.
Speaker 4 (09:20):
Behind that is going to come the big beautiful bill
dealing with federal taxation.
Speaker 5 (09:25):
So he's got three things going.
Speaker 4 (09:26):
At the same time, which makes sense when you've only
got four years. And it makes sense that when you
keep this going, the other side can't simply focus on
Elon Musk. There's three key plays that would restructure the
priorities of the way.
Speaker 6 (09:42):
We do business in America.
Speaker 4 (09:44):
And look, what we've got going right now is working
for some, but it's not working.
Speaker 3 (09:49):
On the long range.
Speaker 6 (09:51):
It's not going to keep going we can't keep.
Speaker 3 (09:54):
Going the way we're going.
Speaker 5 (09:55):
So I got to give Trump a lot of credit.
Speaker 3 (09:57):
Yeah, not even the judges apparently yet.
Speaker 1 (10:00):
And keep up with that, miss a little, miss a lot,
miss a lot, and we'll miss you. It's Your Morning
Show with Michael del Churno
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