Hello, fellow rebel capitalists, hope you're well. What a day. Holy cow, I have never seen

anything like this in my life. The volatility, the fear gauge has skyrocketed. It's gone off

the charts, parabolic, whatever you want to say.

We're going to dive into the details right now.

So let's go over to the CNBC homepage.

I just want to pull up a chart of the S&P 500.

And this is completely blow your mind.

If you guys haven't been watching, the punchline here is markets opened down like

1,600 points I'm talking about the down kind of going back and forth between the down

SB so down like 1,600 points and it's kind of just churning at those levels another huge

gap down day and then we had this report come out. And I'm going to go over,

Josh, pull up my, I can't do that. I'm going to have to go to it on my phone. I didn't tweet about it.

But then we have this guy from the Trump administration, go on Fox News or whatever was. And they,

and they asked him, do you think there's a possibility that Trump could extend

the tariffs 90 days because of all this turbulence and volatility that it's creating? And he didn't

really say yes. He just said, well, anything's on the table. And someone, or the market perceived

that to be, Trump is actually going to hit a 90-day pause on tariffs.

And the Dow went from down like 1,600 points in like 10 seconds and positive.

It went positive.

And then like five minutes later, the White House comes out and says that's fake news.

And then the market tanks again.

The market cap goes up and down like $10 trillion within the span of like 15 seconds.

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