00:00Who I've respected over the years, from, you know, Joe Kiernan and Rick Santelli.
00:06This just came out, and we'll just play that for a second.
00:09Personal income is up eight-tenths, up eight-tenths of a percent.
00:14That is almost triple the expectations.
00:17I'll tell you that, the income, the income numbers, really, for the first four months of the year, they're stellar.
00:23They're really stellar.
00:24I mean, I could go back and look at the first four months of many different years.
00:28Really very strong numbers, and you're right.
00:30This administration is criticized for just about everything under the sun.
00:35I've never ever in my lifetime had glimpses into the politics of an administration in the form of transparency like this one.
00:44Why don't we be, you know, give credit where credit is due, income really shooting.
00:49Rick, I also thought everybody was going to get one last order of imports that were going to be tariffed, and they were loading up on things.
00:59How the hell did they already fix the trade, or not fix it, but to cut it in half, that's crazy.
01:07So there wasn't a lot of front-loading of things that they needed before the tariffs hit?
01:10Yeah, I'll tell you what, it really does call into question some of the conventional wisdoms, and, you know, it's going to be interesting to see what happens next month when we get this number,
01:21or we see some of the other numbers, like current accounts, see how they fared, because I don't know.
01:28I've been watching these numbers a long time.
01:30I don't think I've ever seen the trade deficit cut in half in one month.
