Nardelli on Tariffs: Unfortunately, Wall Street Does an Exam Every 90 Days and if You Miss Your Numbers, ‘You’re Punished’

RUSH TRANSCRIPT CASONE t ░░░░░░░░ interesting so many things ░░░░░░░░ want to talk to ░░░░░░░░ about that to start ░░░░░░░░ the report and Steve ░░░░░░░░ a great point but ░░░░░░░░ the tariff discussion started ░░░░░░░░ manufacturing number came in ░░░░░░░░ than expected 1000 jobs ░░░░░░░░ estimate was 4000 which ░░░░░░░░ in great for jobs ░░░░░░░░ in the manufacturing sector ░░░░░░░░ with the tariff threats ░░░░░░░░ a global scale and ░░░░░░░░ what happens to that ░░░░░░░░ as we move forward ░░░░░░░░ try to figure out ░░░░░░░░ companies are going to ░░░░░░░░ We heard stellantis say ░░░░░░░░ re going to shut ░░░░░░░░ temporarily the Ontario plant ░░░░░░░░ I m very encouraged ░░░░░░░░ the report that we ░░░░░░░░ of the 228 000 ░░░░░░░░ significantly last month What ░░░░░░░░ also interesting is the ░░░░░░░░ Last month was stronger ░░░░░░░░ than this month let ░░░░░░░░ hope that these numbers ░░░░░░░░ t get a recast ░░░░░░░░ readjustment as result of ░░░░░░░░ prior administration I am ░░░░░░░░ by this It as ░░░░░░░░ pointed out were seated ░░░░░░░░ and I think you ░░░░░░░░ continue to see more ░░░░░░░░ solid manufacturing jobs increase ░░░░░░░░ the other hand a ░░░░░░░░ familiar with aviation and ░░░░░░░░ We saw a decrease ░░░░░░░░ month and we will ░░░░░░░░ a little bit more ░░░░░░░░ example united canceled 21 ░░░░░░░░ and put them in ░░░░░░░░ delta is doing the ░░░░░░░░ thing southwest is going ░░░░░░░░ trouble We re going ░░░░░░░░ see a rotation out ░░░░░░░░ and Steve accurately talked ░░░░░░░░ what happened in the ░░░░░░░░ couple of days Trump ░░░░░░░░ under tremendous job in ░░░░░░░░ short term relative to ░░░░░░░░ the border and getting ░░░░░░░░ under control little bit ░░░░░░░░ not seeing the 9 ░░░░░░░░ that we lived with ░░░░░░░░ the last administration These ░░░░░░░░ on tariffs are the ░░░░░░░░ decisions There can have ░░░░░░░░ longer effect and unfortunately ░░░░░░░░ Street basically doesn t ░░░░░░░░ every 90 days and ░░░░░░░░ you miss your numbers ░░░░░░░░ are punished we have ░░░░░░░░ get away from Wall ░░░░░░░░ really determining the strategy ░░░░░░░░ a country I m ░░░░░░░░ encouraged on where we ░░░░░░░░ disappointed the market is ░░░░░░░░ the way that they ░░░░░░░░ but I think were ░░░░░░░░ the right track for ░░░░░░░░