0:00
Businesses, they're scrambling now. They're checking their supply chains. They're seeing
0:02
who's exposed. Governments, they're scrambling to check their trade deals. The investors
0:07
are they feasting on tacos? And now let's just clarify the taco statement. That comes
0:11
back to a term the markets coined last year. Trump always chickens out because he would
0:15
come out with these erratic trade policies, Liberation Day famously last April, and then
0:19
weeks, months later would row back on them and state it was all the art of the deal
0:23
Yeah, as you were saying, this is not the first time that investors sort of dealt with these shockwaves after one of Trump's latest announcements, Liberation Day, subsequent trade
0:30
deals, you know, this is not their first time playing the game. And you're right, the FTSE had
0:33
opened around 0.1% drop, the FTSE 250 always had a bit of drop as well. But, you know, it wasn't as
0:40
bad as maybe it could have potentially been, because you're saying we're used to it now, they know how to play the game, they can wait it out. And of course, in the FTSE, there were certain
0:47
names that did see quite a few drops and quite a few falls. You know, among them, AstraZeneca had
0:51
a bit of a dip, so did JSK. Companies who export to America also suffered quite a bit
0:56
of a dip. The pound also rose against the dollar, so again, that's gonna affect those who export across
1:00
But then, you know, in contrast, gold miners, mining companies did great
