RUSH TRANSCRIPT Many of ░░░░░░░░ are catching our breath ░░░░░░░░ yesterday s while trading ░░░░░░░░ on Wall Street amid ░░░░░░░░ extremely volatile week and ░░░░░░░░ multi day route came ░░░░░░░░ rally heard round the ░░░░░░░░ after President Trump said ░░░░░░░░ he would issue a ░░░░░░░░ day pause on some ░░░░░░░░ tariff increases aimed at ░░░░░░░░ s trading partners The ░░░░░░░░ and p posted it ░░░░░░░░ biggest one day gain ░░░░░░░░ two thousand and eight ░░░░░░░░ and Asia and Europe ░░░░░░░░ the wave as well ░░░░░░░░ today a reckoning in ░░░░░░░░ with Wall Street poised ░░░░░░░░ give back some of ░░░░░░░░ historic gains well to ░░░░░░░░ this further I m ░░░░░░░░ now by Robert shine ░░░░░░░░ s chief investment officer ░░░░░░░░ blankie shine wealth management ░░░░░░░░ are we learning here ░░░░░░░░ was not a durable ░░░░░░░░ We ll see how ░░░░░░░░ open to steels booth ░░░░░░░░ total your deviated balloons ░░░░░░░░ to move your time ░░░░░░░░ in the terror of ░░░░░░░░ will be assumes swimsuit ░░░░░░░░ relief to investors and ░░░░░░░░ remains to be sooner ░░░░░░░░ use mortgage no joan ░░░░░░░░ a little bit as ░░░░░░░░ open of but Joe ░░░░░░░░ was a welcome relief ░░░░░░░░ on the news Welcome ░░░░░░░░ indeed you know just ░░░░░░░░ minute and a half ░░░░░░░░ the opening bell here ░░░░░░░░ re seeing the dow ░░░░░░░░ some six hundred and ░░░░░░░░ points the and down ░░░░░░░░ and a quarter percent ░░░░░░░░ NASDAQ down nearly three ░░░░░░░░ So what kind of ░░░░░░░░ can investors have going ░░░░░░░░ especially considering the increase ░░░░░░░░ haven t been called ░░░░░░░░ Some remain in effect ░░░░░░░░ the others are on ░░░░░░░░ Org sir Victor s ░░░░░░░░ week ago we heard ░░░░░░░░ day which President Trump ░░░░░░░░ his administration announced unilateral ░░░░░░░░ We were blessed with ░░░░░░░░ week away and though ░░░░░░░░ ve already seen a ░░░░░░░░ logos or the confidence ░░░░░░░░ I would say to ░░░░░░░░ markets to investors to ░░░░░░░░ in certain fields or ░░░░░░░░ robbery no is to ░░░░░░░░ patient because deals will ░░░░░░░░ made in it s ░░░░░░░░ to take some time ░░░░░░░░ We have for the ░░░░░░░░ 90 day sort of ░░░░░░░░ Hell couldn t see ░░░░░░░░ this plays out country ░░░░░░░░ country case by case ░░░░░░░░ there s still gonna ░░░░░░░░ major uncertainty with corporations ░░░░░░░░ were looking into the ░░░░░░░░ quarter Uncertainty is that ░░░░░░░░ though the last thing ░░░░░░░░ Street wants to hear ░░░░░░░░ patience is not something ░░░░░░░░ s usually an abundant ░░░░░░░░ on a Stock Exchange ░░░░░░░░ floor Let me ask ░░░░░░░░ now but the latest ░░░░░░░░ I numbers that came ░░░░░░░░ in the last hour ░░░░░░░░ some encouraging data about ░░░░░░░░ prices falling but again ░░░░░░░░ that date as backwards ░░░░░░░░ What are you see ░░░░░░░░ Yeah you have to ░░░░░░░░ at the trend itself ░░░░░░░░ inflationary trends best proof ░░░░░░░░ we ve seen since ░░░░░░░░ 20 20 one here ░░░░░░░░ the United States that ░░░░░░░░ extremely favorable We need ░░░░░░░░ see that trend to ░░░░░░░░ but for the longest ░░░░░░░░ the Federal Reserve has ░░░░░░░░ in totally focused on ░░░░░░░░ certain that inflation is ░░░░░░░░ in the right direction ░░░░░░░░ this morning we checked ░░░░░░░░ box with that report ░░░░░░░░ was even better but ░░░░░░░░ we look at it ░░░░░░░░ think we take a ░░░░░░░░ back because a lot ░░░░░░░░ with the market has ░░░░░░░░ perceiving is trying to ░░░░░░░░ run what this ultimately ░░░░░░░░ and new deals of ░░░░░░░░ with me so right ░░░░░░░░ Obviously we are the ░░░░░░░░ right now if you ░░░░░░░░ running a company you ░░░░░░░░ our direction What it ░░░░░░░░ like even 90 days ░░░░░░░░ now let alone a ░░░░░░░░ from now so we ░░░░░░░░ just gonna have to ░░░░░░░░ to our guns and ░░░░░░░░ and see how this ░░░░░░░░ out I believe because ░░░░░░░░ you look at just ░░░░░░░░ a step back you ░░░░░░░░ inflation coming down here ░░░░░░░░ United States You have ░░░░░░░░ coming down in the ░░░░░░░░ States your interest rates ░░░░░░░░ down the United States ░░░░░░░░ you the favorite backdrop ░░░░░░░░ the labor market right ░░░░░░░░ So a lot of ░░░░░░░░ we have to see ░░░░░░░░ okay take a deep ░░░░░░░░ after yesterday s trading ░░░░░░░░ us economy strong and ░░░░░░░░ of what the Federal ░░░░░░░░ needs for lower interest ░░░░░░░░ later The sheer here ░░░░░░░░ the u s all ░░░░░░░░ those trend lines are ░░░░░░░░ in the right direction ░░░░░░░░ there is There are ░░░░░░░░ positives that are on ░░░░░░░░ horizon I think just ░░░░░░░░ the headlines in the ░░░░░░░░ and all the volatility ░░░░░░░░ just have to take ░░░░░░░░ step back and look ░░░░░░░░ all the dashboard.