By coinnews 
00:00 Speaker A
Could you potentially see companies to the same extent during COVID-19 and the pandemic pull their guidance and issue to investor signal to the street that they don’t have clarity and then that send more concern through the investment community, which is exactly what we’re seeing.
00:15 Speaker B
Thank you for using the word clarity. I hate the word uncertainty because it’s always uncertain. You never really know. But you generally have a sense. Uh I think two of the big airlines that reported earnings um
00:27 Speaker A
Delta and
00:28 Speaker B
JetBlue and stuff. So so what they’re seeing is all this soft data, sentiment data starting to turn into hard data actions. So when people are at home thinking about booking a flight, you don’t book a flight to go on vacation next week, you book it off in the future. Hey, this is crazy. I don’t know if I’m going to have a job. I don’t know what my bonus is going to look like. Maybe we should hold off on booking that family vacation to Disneyland. So everybody seems to be a little frozen in place. It’s not just households. When we do see surveys that the Fed does and the Department of Labor and Commerce does of corporate CEOs and CFOs, what are your hiring plans? What are your building plans? What is your capital expenditure uh plans? What’s your capex going to look like? Everybody’s like, hey, we have to wait for the dust to settle to get some clarity and then we’ll figure out what happens. I’m not a believer that we can talk ourselves into a recession. That always seemed too cute. But if everybody is frozen because we have no idea what’s going to happen, tariffs are on, tariffs are off, they’re 10%, they’re 100%, they’re 25%. All right, we’re carving on exceptions for iPhones and cars. Like, hey, when the dust settles, we’ll see the This is a very strong economy, at least up until April 2nd. When the dust settles, there’s no reason to think it won’t resume, assuming we don’t have a really unnecessary unforced error.