All-In with Chamath, Jason, Sacks & Friedberg Trump Rally or Bessent Put? Elon Back at Tesla, Google's Gemini Problem, China's Thorium Discovery
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Apr 26, 2025 
Andrew Ross Sorkin, a noted journalist and co-anchor of CNBC's Squawk Box, joins the discussion on market dynamics amidst a potential Trump rally. They analyze the implications of tariffs on America's global brand and Apple’s strategic investments in India. The conversation shifts to geopolitical tensions, including stalled negotiations in Ukraine, before diving into Alphabet's AI challenges with its Gemini project. Additionally, they explore Tesla's stock jump following Elon Musk's return and China's groundbreaking thorium discovery for energy production.
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No Government "Put" Exists
- The idea of a government "put" protecting markets is a misconception; currently, no such put exists.
- Active traders want the put, but the market is stable despite major policy changes and volatility.
Communicate Trade Wins Clearly
- Government should communicate clearly the positive trade cash flow changes to the public.
- A consistent message about moving from trade deficit to surplus builds patience and trust in trade policy.
China's WTO Status Breeds Dependency
- China gained unfair advantages by keeping developing nation status in WTO despite economic growth.
- They dominate critical supply chains like rare earths, creating strategic dependencies harmful to U.S. security.