Introduces Roger Altman and asks for his reaction to President Trump's State of the Union address.
Speaker1
Roger Altman
Critiques the speech as classic Trump showmanship but disconnected from economic reality, citing weak poll numbers and consumer confidence.
Asks about the political pendulum swinging on both sides and what it portends for the midterms.
Speaker1
Roger Altman
States Democrats are poised to win the House in the midterms, consistent with historical cycles and Trump's weak poll numbers.
Points out strong stock market performance since Trump's election (Dow 16%, S&P 19%, Nasdaq 23%) as evidence of good things happening.
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Roger Altman
Agrees the economic outlook is good, forecasting 2.5-2.75% real growth for 2026, inflation ticking down, 3+% wage growth, and good corporate profit outlook.
Asks about the impact of the Supreme Court's decision on tariffs and the status of foreign investment commitments linked to tariff deals.
Speaker1
Roger Altman
Explains the administration was prepared for the Supreme Court decision, promptly implemented 15% tariffs under Section 122 authority, and expects to maintain a ~13% weighted average rate.