As the market reacts to tariffs, it fluctuates.

0:00 Speaker 1 With us this Sunday morning is John Terrik, a fifty year veteran broadcaster in the financial world. John give us a an update what happened to the market this.

0:11 Speaker 2 Week, Gavaarling Johnny. Was another down week after that somewhat surprising announcement from President Trump after the closing bell on Wednesday about adding twenty five percent tariffs to cars imported to the United States and made overseas. Analysts reckon that I could add about six thousand dollars per car if you really want to buy one. For President Trump says, look,

0:30 there are incentives out there now, really good tax breaks for Americans who want to take out a loan and buy an American only made vehicle. Wall Street was a little bit concerned because, of course the big date is April the second, that’s next Wednesday. They wonder how the present may or may not change his mind between now

0:47 and then. But on Thursday, after this new sank in Ford was down about four percent General NOTUS seven percent and Stillants, which is a Dutch company these days, used to be Chrysler. They make the Jeep among other things, and their shares were down around four percent to work pointing out there is no real recession on the horizon.

1:02 The hard data like jobs and inflation pretty good. It’s the soft data like consumer confidence and sentiment that is rattling Wall Street. Now.

1:10 Speaker 2 Tesla Chefes, despite all of this, actually up on Thursday, and that’s because one hundred percent of their vehicles for the US are made in the US. Now they do have some parts they need to bring in from overseas, but evs have far fewer parts than gas and diesel powered carts. The company news twenty three and me based

1:28 in San Francisco for twenty years in bankruptcy. People love it because they can find out through genetic testing how much Greek is in them, for example, like you, or how much Irish is in them like me a judge’s rule.

1:41 They can, in bankruptcy sell their data. Customers not happy, but the share price was up by about forty five percent. And who says the casual dining restaurant where you get served by young ladies with not very many clothes on the founders of that company want to take control of it again and turn it into a much more of

1:57 a family style restaurant. As for next week, John Well the week ahead, non farm support coming out on Friday. That’s the big job support that’s the fourth. On the middle of the week, we’ll start to get first quarter earning season. And of course it’s Liberation Day, according to President Trump, the day when America stopped being ripped off

2:13 by the rest of the world, and that is Wednesday, the second, should get more details on tariffs.

2:18 Speaker 1 John, Thank you, John Tarrett, thank you for the quick update, and we’ll catch up again with you next week.

2:24 Speaker 2 Thank you, sir,