Trump tariff chaos continues, Carney in BC, Jagmeet Singh pitches rent control, Last date to nominate candidates.

[00:00:02] Speaker A: And now News Takeaway. [00:00:20] Speaker B: Connect FM 91.5 News Takeaway segment. [00:00:27] Speaker A: Good morning Vijay Good morning Connect Nal Connect Good morning. [00:01:00] Speaker B: Temporarily trading pause Japan trading pause I believe Australian stock market massive sell off the Chaldapia the market capitalization 6 trillion US basically break tariffs on Asian countries other than China. So latest update. [00:01:53] Speaker A: Qualify statements Donald Trump consider of Korea. Exactly. So Donald Trump. [00:02:52] Speaker B: No one at White House is aware of 90 day pause. [00:02:55] Speaker A: See so it's a separate country. [00:03:24] Speaker B: Washington D.C. stock market. [00:03:44] Speaker A: Oh, stupid word. Social don't be weak. Weak. Don't be stupid. Don't be panican. [00:03:57] Speaker B: Panican. [00:03:58] Speaker A: Panic Definition a new party based on weak and stupid people. Don't be stupid or weak. Be strong, courageous and patient. [00:04:19] Speaker B: Friday surgery. [00:04:41] Speaker A: Sometimes you have to take medicine to fix something. [00:04:44] Speaker B: To fix something. [00:04:52] Speaker A: Sometimes you have to take medicine to fix something. [00:05:19] Speaker B: Sometimes you have to take medicine to fix something. [00:05:21] Speaker A: Yeah. So Donald Trump spoke to Japanese Prime Minister this morning. He is sending a talk team to negotiate it all has to change but. [00:05:45] Speaker B: Especially with China problem China. [00:05:56] Speaker A: Mexico net zero deal so. [00:06:41] Speaker B: Otherwise net zero carbon emissions. Not that he wrestled he likes to anyway Indian government officials White House of course that has to do with. Yeah. So. [00:09:04] Speaker A: Donald Trump social media they post only the week will fail. The big players in market day they are not concerned about tariffs. They know they are in for the big haul. Only the weak will fail. We are standing with the weakest of the weak. [00:09:52] Speaker B: Yes. [00:09:53] Speaker A: So only weak will fail the all caps which exclamation marks. So are you celebrating that? [00:10:01] Speaker B: Are you promoting that at one point pension funds investments. Investments in the last three days they have lost a lot of money over the weekend one of the market capitalization grocery items, appliances. [00:11:17] Speaker A: Okay. The oil prices are down, interest rates are down, food prices are down. There is no inflation. US is bringing in billions of dollars a week from abusing countries. [00:11:33] Speaker B: Customs officials and they're collecting $200 million a day through these tariffs. [00:11:54] Speaker A: This is despite China the biggest abuser of them all. [00:12:06] Speaker B: I remember last week when you mentioned. [00:12:35] Speaker A: So basically America the trade deficit. So America's trade deficit divided by total imports from that country. That is it. [00:13:07] Speaker B: Just for the ease of calculation. But let's look at it the other way also. Oh, American Corporations company yes Profit margin activity generate Americans consumption taxes. So overall calculation Nana logically Galini Hori. [00:14:33] Speaker A: So Unanjaria production Asari manufacturing industry. [00:14:51] Speaker B: Oil. [00:14:52] Speaker A: And gas but does not work like that. Same holds true for America as well. And that's iPhone sort of luxury item Hojani basic. [00:15:56] Speaker B: Industrial concepts of course labor of Course makes a difference but supply chains natural resources available environmental policies combination that plays a part and important associated expertise generational know how industry degree programs they hold training programs offer Kardeni install It does not work like that A case in point. [00:17:15] Speaker A: Yeah American automobile manufacturing companies we owe China Sorry Canada assembly manufacturing it will take some time Retooling their plants and all adjustment title takes some time yes, but Donald Trump in the long run exactly the Americans. [00:18:23] Speaker B: And let's not again let's not forget financial markets within this week and in the coming days within the US High profile fund managers Trump the tariff policy. [00:19:00] Speaker A: S&P 500 we saw bear market 20% decline from February high JP Morgan Ali project Karani America the economy is by the year end recession economy contract what's his name? Jerome Powell US Federal Reserve the chair business journalist bank central bank Stop playing politics Start Jerome cut rates now US Federal Reserve rate cut Oil prices are down, Interest rates are down if the interest rates are down. [00:20:17] Speaker B: 4.1 percentage. [00:20:27] Speaker A: So. [00:20:28] Speaker B: Now already depreciate stock market so a lot of things. [00:22:06] Speaker A: Routine messages Good morning. [00:22:18] Speaker B: Nomination papers Basically Elections Canada called file during the campaign after today party owes candidate to replace. [00:22:59] Speaker A: The OG interview See video so it could interview Bandana interviewer. [00:24:19] Speaker B: Lawrence Singh nomination Conservative Party Half Filipino, half Punjabini mother Filipino Last week Independent Independent Conservative Party kitchen they not associated Raheni as a volunteer New Westminster nomination New Westminster Burnaby, Millardville Ridington Peter Julian NDP yeah, the Peter Julian later in the day. [00:26:06] Speaker A: Canada first rally. [00:26:39] Speaker B: Up to 7,500 family doctors Canada. [00:26:56] Speaker A: Yeah so residents family doctors Basically family doctor Access family doctors healthcare Conservatives so family doctor Chaida family doctor Hani Canadians no family doctor. [00:28:26] Speaker B: Political family doctor Access dental care Lagukarvai not to say Kyoda Lokano benefit Nahoria overlapping programs basic health need Access dental care pharmacy exactly, exactly. Which trades sector Trades persons up to $8,000 apprenticeship grants for skill trades Union training and innovation program for funding apprenticeship training spaces at colleges yeah. [00:29:58] Speaker A: Union training and innovation program I think, I think repeat promise Anyways Sofe Jai Conservatives Pierre Paulier with a BC with Chisan. [00:30:28] Speaker B: For every $1 in new administrative cost Small businesses small Canadian businesses Competitive. [00:31:00] Speaker A: Union training and Innovation Program. [00:31:04] Speaker B: $4,000 for a trades person. [00:31:14] Speaker A: Funding training halls. [00:31:34] Speaker B: Medical professionals. [00:32:09] Speaker A: Personally we a Hani. [00:32:18] Speaker B: And I know message exactly important Federal carbon tax Lagadasi rebate the check that means the election deficit so that's going to go up by another 4 billion that goes to about $52 billion capital gains inclusion rate pipeline infrastructure Especially between the Liberals and the Conservatives Yeah a message yes. [00:34:24] Speaker A: Discussion. [00:34:33] Speaker B: Center. [00:34:33] Speaker A: As in Gadda political center social services, pharmacy so it's working like that so it's both stressed Canadian politics Correct. Canadian politics. [00:35:29] Speaker B: The Hill Times Hill Times depends on Liberals then the important thing for him to do would be credibility. [00:36:21] Speaker A: Dent his credibility. [00:36:26] Speaker B: We were personal attackers Supervised consumption. [00:37:31] Speaker A: Mental health and addictions free supply safe supply treatment they so funding will provide treatment for 50,000 people plus treatment centers performance based yes performance third party. [00:38:17] Speaker B: Performance Chana supervised site off the drugs too simplistic. [00:39:07] Speaker A: Which is the right approach so pharmaceutical alternatives which will be based on abstinence. [00:39:42] Speaker B: Daycares, playgrounds, seniors senior homes like you already mentioned approval clear evidence. [00:40:23] Speaker A: Control drugs and substances active temporary exemption supervised consumption sites. [00:40:47] Speaker B: Federal home building rent controls established for example renovictions the demo victions. [00:41:14] Speaker A: So housing accelerator fund cities know your provinces know can they owe rent controls mechanism properties so free market. [00:41:33] Speaker B: Rent control. [00:41:48] Speaker A: Primarily he had to walk it back right Housing this month housing provincial jurisdiction housing gatekeepers municipal subject yes yes Funding Damalegi so funding Rahi A control Karani Jadon. [00:43:19] Speaker B: Politicians I think Thursday or Friday. [00:43:39] Speaker A: So Liberal Party the leader Markarney UK Italy, Australia leaders okay approvals approval single window system basically one and done approvals one and done approvals resource project no Asin Fedwara federal approvals requirement. [00:44:49] Speaker B: Impact Assessment act single window approval system. [00:45:15] Speaker A: Is clearly left of center Conservative Party of Canada which is clearly right of center resource projects nationally LNG Canada so there are phase two hair so phase two oh by the way good thing. [00:45:51] Speaker B: You mentioned the phase two of that LNG project Wealth redistribute wealth generated. [00:46:18] Speaker A: LNG gas tone liquid with phase two yes so net zero to electrification alhonasi yes Demand of uni Sadh. [00:46:50] Speaker B: Power plants to. [00:46:50] Speaker A: Ban Kay Columbia river treaty Donald Trump renegotiation. [00:47:00] Speaker B: God knows. [00:47:01] Speaker A: God knows thank you thank you. [00:47:21] Speaker B: For the rest of the week will be off for a few days 7pm to 9pm. [00:47:46] Speaker A: Thank you very much have a. [00:47:47] Speaker B: Very nice rest of the week we'll miss you. [00:47:55] Speaker A: See you soon Vidaji thank you thank you.