President Trump's economic policies, they're starting to weigh on one sector, and that is the U.S. ad market.

This area was just starting to stabilize after the pandemic. Those years were pretty volatile.

But now, Madison Ave getting a little skittish.

And last year had the fastest ad spend growth since 1983. But now because of

the tariffs and everything that's going on, advertisers are starting to close up the wallet.

Isn't it fascinating how nobody knows what's real in our economy?

Like, let's face it, the stock market, because this is the fascinating thing now, they're like

the Biden people or whatever, oh, the stock market's gone down under Trump. That was never real.

All that money came infused from printed money during COVID.

It had to go somewhere.

The smart money recognized inflation is going to drive the cost of everything up.

The only shot you've got to beat inflation is to do it with the stock market.

And so a bunch of that money went into Wall Street, and that was really the conversation of the election,

which is how Main Street, and it's been a conversation in this country for 20 plus years,

about how Main Street is not reflecting what you're seeing in the Dow Industrial average, and how the nuts and bolts of a society, which are small businesses and and and merchants are not

feeling the same level of of boom that the you know your mega corporations are feeling it

really is a reflection of our society when you think about how rich the very tippy top people are

you think about how and look if you earn your top people are, you think about how, and look, if you earn your money honestly, good on you.

I'm not a person who believes in wealth caps or wealth distribution.

What I do recognize, though, is that societies are built on, strong societies are built on a thriving middle class.

And what we have seen is the gap as the wealthy

continued to get far more wealthy and the middle class are being pushed down out of the middle

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