TRUMP

RUSH TRANSCRIPT BARTIROMO Yeah ░░░░░░░░ that certainly was what ░░░░░░░░ Trump has been talking ░░░░░░░░ if he taps into ░░░░░░░░ energy capacity of America ░░░░░░░░ takes oil prices down ░░░░░░░░ perhaps impacts inflation overall ░░░░░░░░ President Trump is threatening ░░░░░░░░ hit our largest trading ░░░░░░░░ with new tariffs on ░░░░░░░░ one His first day ░░░░░░░░ office Goldman Sachs is ░░░░░░░░ the tariff increase would ░░░░░░░░ inflation nearly 1 as ░░░░░░░░ recent Harris poll shows ░░░░░░░░ two thirds of Americans ░░░░░░░░ worried that tariffs could ░░░░░░░░ them right in their ░░░░░░░░ causing higher prices on ░░░░░░░░ goods How are you ░░░░░░░░ tariff situation right now ░░░░░░░░ LONSKI Okay I m ░░░░░░░░ as pessimistic as Goldman ░░░░░░░░ I could see tariffs ░░░░░░░░ price inflation by between ░░░░░░░░ a percentage point and ░░░░░░░░ quarters of a percentage ░░░░░░░░ Still that implies that ░░░░░░░░ will be higher than ░░░░░░░░ because of tariffs You ░░░░░░░░ one thing I want ░░░░░░░░ add is the markets ░░░░░░░░ t appear to be ░░░░░░░░ worried about tariffs My ░░░░░░░░ We have the 10 ░░░░░░░░ treasury yield that has ░░░░░░░░ been declining at last ░░░░░░░░ and was down to ░░░░░░░░ 4 25 That happens ░░░░░░░░ mean mortgage yields will ░░░░░░░░ a little bit lower ░░░░░░░░ moreover the implied probability ░░░░░░░░ a fed rate cut ░░░░░░░░ December 18 has risen ░░░░░░░░ 55 up to 66 ░░░░░░░░ what the markets are ░░░░░░░░ me is that the ░░░░░░░░ of tariffs will not ░░░░░░░░ a disaster for the ░░░░░░░░ States economy and let ░░░░░░░░ not forget why Trump ░░░░░░░░ increasing these tariffs That ░░░░░░░░ to help bring about ░░░░░░░░ halt to illegal immigration ░░░░░░░░ well as stop this ░░░░░░░░ of fentanyl.”