RUSH TRANSCRIPT Some investors ░░░░░░░░ hearing tariffs for feel ░░░░░░░░ in her economic growth ░░░░░░░░ the chamber of commerce ░░░░░░░░ warning Lincoln risk give ░░░░░░░░ world into the new ░░░░░░░░ Depression in The Wall ░░░░░░░░ Journal this morning Dreaming ░░░░░░░░ investment lot to see ░░░░░░░░ thank you for being ░░░░░░░░ us your reaction and ░░░░░░░░ Trump of the New ░░░░░░░░ Stock Exchange a lot ░░░░░░░░ electricity in the building ░░░░░░░░ night was easy to ░░░░░░░░ is good for the ░░░░░░░░ S Good for the ░░░░░░░░ world we are leading ░░░░░░░░ encouragement and empowerment of ░░░░░░░░ around the globe when ░░░░░░░░ are strong as a ░░░░░░░░ that lets us help ░░░░░░░░ people It is not ░░░░░░░░ to follow the ideology ░░░░░░░░ Europe and other countries ░░░░░░░░ are in thought leadership ░░░░░░░░ leading into the dark ░░░░░░░░ we need to go ░░░░░░░░ to found the country ░░░░░░░░ lead ingenuity and in ░░░░░░░░ Maria that s with ░░░░░░░░ president sees it the ░░░░░░░░ has said there will ░░░░░░░░ just under disruption as ░░░░░░░░ result of tariffs you ░░░░░░░░ to invest around that ░░░░░░░░ are worried that the ░░░░░░░░ sector will feel the ░░░░░░░░ more so than others ░░░░░░░░ of the component made ░░░░░░░░ Mexico going back and ░░░░░░░░ over the border in ░░░░░░░░ be much more expensive ░░░░░░░░ want to avoid autos ░░░░░░░░ a result of that ░░░░░░░░ want to look at ░░░░░░░░ 10 it s lighting ░░░░░░░░ front after a couple ░░░░░░░░ years of rally 10 ░░░░░░░░ a I as the ░░░░░░░░ downloaded iphone app this ░░░░░░░░ what is your tape ░░░░░░░░ allocating capital around the ░░░░░░░░ changes I think you ░░░░░░░░ invested to great time ░░░░░░░░ is all about life ░░░░░░░░ in the market for ░░░░░░░░ money when I look ░░░░░░░░ the opportunity they let ░░░░░░░░ continue in this year ░░░░░░░░ gone back to the ░░░░░░░░ around having spending capital ░░░░░░░░ having able to do ░░░░░░░░ more cheaply than anybody ░░░░░░░░ I think you re ░░░░░░░░ at the discretionary growth ░░░░░░░░ is that by putting ░░░░░░░░ well you probably not ░░░░░░░░ and inflation all the ░░░░░░░░ a I related infrastructure ░░░░░░░░ data centers Nvidia is ░░░░░░░░ 13 year to date ░░░░░░░░ re right there was ░░░░░░░░ particular analyst the issue ░░░░░░░░ report and suggesting Microsoft ░░░░░░░░ pulling back on the ░░░░░░░░ center Three days later ░░░░░░░░ comes out and says ░░░░░░░░ re going to spend ░░░░░░░░ billion on data centers ░░░░░░░░ think you have to ░░░░░░░░ the totality of the ░░░░░░░░ not just part of ░░░░░░░░ you made an interesting ░░░░░░░░ wanting to deploy capital ░░░░░░░░ the selloff I noted ░░░░░░░░ the past three years ░░░░░░░░ nine declines with the ░░░░░░░░ falling an average of ░░░░░░░░ each of the opportunities ░░░░░░░░ a wonderful buying opportunity ░░░░░░░░ you think the current ░░░░░░░░ as well We found ░░░░░░░░ number of opportunities in ░░░░░░░░ look at the notable ░░░░░░░░ in the past whether ░░░░░░░░ look at com bubble ░░░░░░░░ the financial crisis of ░░░░░░░░ all of them found ░░░░░░░░ in March timing wise ░░░░░░░░ wouldn t be a ░░░░░░░░ thing for marge to ░░░░░░░░ an opportunity When you ░░░░░░░░ at the risks you ░░░░░░░░ I sit on the ░░░░░░░░ earn 5 or I ░░░░░░░░ deploy capital if all ░░░░░░░░ the market rally even ░░░░░░░░ we get a pull ░░░░░░░░ later on for currently ░░░░░░░░ capital and putting half ░░░░░░░░ the new money to ░░░░░░░░ right now and splitting ░░░░░░░░ bets there s a ░░░░░░░░ chance that will get ░░░░░░░░ rally off of here ░░░░░░░░ might get opportunities later ░░░░░░░░ the year but I ░░░░░░░░ rather not sit on ░░░░░░░░ hands particularly wilmer back ░░░░░░░░ where we were five ░░░░░░░░ ago from asset price