Erica York, an expert from the Tax Foundation, sheds light on the intricate world of tariffs and their unexpected consequences. She explains how proposed tariffs by politicians like Trump and Biden aim to protect domestic industries but often burden American consumers. The discussion highlights the challenges faced in sectors like electric vehicles and the ripple effects on the economy. A fascinating perspective emerges on the trade-offs between protecting certain industries while risking broader economic setbacks and international trade relationships.

Erica York, a Senior Economist at the Tax Foundation, tackles the intricate implications of proposed tariffs by President-elect Trump on taxpayers and the economy. Kaj Larsen, a former Navy SEAL and Head of Military Investing at Siebert Financial, dives into the unique financial needs of veterans, stressing the importance of tailored financial planning. The discussion encompasses how tariffs could affect lower-income families, while offering insights on investment strategies specifically designed for veterans to navigate their financial futures.

Joanne Hsu, Director of the University of Michigan Surveys of Consumers, reveals rising consumer confidence data, marking a seven-month high. Geetha Ranganathan discusses Paramount's earnings and the shift towards streaming strategies. Danielle DiMartino Booth analyzes the Federal Reserve's interest rate decision and its implications for markets. Erica York reviews potential tax policy impacts under a Trump presidency, while Barry Ritholtz explores voter behavior and election implications, emphasizing how narratives shape investor perceptions.