Podcast appearances and mentions of jason trennert

Larry Kudlow and investment expert Jason Trennert examine Donald Trump's aggressive stance on trade, specifically his threat of a 100% tariff on Canada to prevent China from using its northern neighbor as a backdoor to bypass American duties. The conversation moves from geopolitical leverage and national security—including the protection of Arctic shipping lanes and Western energy interests—to a broader analysis of the resilient domestic economy. Trennert offers an optimistic outlook, suggesting that market growth is broadening beyond major indices due to high productivity, stable inflation, and favorable business incentives. Learn more about your ad choices. Visit megaphone.fm/adchoices

Guests includes: John McLaughlin, David Webb, John Carney, Jason Trennert, Morgan Murphy, Peter Schweitzer, Jim Iuorio, Jeff Killburg, Liz Peek, and Steve Moore Learn more about your ad choices. Visit megaphone.fm/adchoices

Chairman and CEO Strategas Research Partners Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's Post - https://bahnsen.co/4jKvUh0 Market Insights and Policy Updates: February Market Review In this Monday edition of Dividend Cafe, David Bahnsen discusses recent market trends and significant policy updates while preparing to travel from New York to California. Highlights include President Trump's steel and aluminum tariffs announced during the Super Bowl, market reactions, and the upward movement in shares of domestic steel and aluminum companies. The host also celebrates the nomination of Jason Trennert for Assistant Secretary for the Treasury for Financial Markets. Key statistics include a 167-point rise in the Dow, strong earnings reports from 9 out of 11 S&P 500 sectors, and changes in bond yield and financial sector performance. The episode wraps up with updates on tax reforms, the federal deficit, and speculation about Federal Reserve rate changes for the upcoming months. 00:00 Introduction and Weekly Overview 00:34 Market Reactions to Tariff Announcements 01:58 Highlight: Jason Trennert's Nomination 03:36 Market Performance and Earnings Season Update 05:51 Tax Policy and Budget Reconciliation 09:15 Economic Indicators and Federal Updates 09:54 Conclusion and Additional Resources Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Strategas' Chief Investment Strategist, Jason Trennert has a long track record of calling major investment themes. He shares his predictions for 2025.   WEALTHTRACK episode 2131 broadcast on January 24, 2025

In this week's edition of Wealthion's Weekly Market Recap, Andrew Brill highlights key insights from our expert guests: - Tom Lee shares his bold prediction of Bitcoin reaching $250k next year and explores the broader crypto market's evolution, including the impact of Gen Z and AI on the S&P's long-term growth, which he projects will reach 15,000 by 2030. - Jason Trennert offers a measured outlook on earnings, capital expenditures, and housing affordability while analyzing the potential implications of new Treasury leadership. - Ron William discusses post-election market euphoria, potential corrections, and Bitcoin's meteoric rise alongside the importance of risk management. - Ram Ahluwalia delves into value vs. growth stocks, investment opportunities in agency mortgage bonds and private credit, and the challenges of investing in nuclear energy. Investment Concerns? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/4g3fy0Z Chapters: 00:00 - Introduction by Andrew Brill 00:17 - Tom Lee Interview Highlights | Full Interview: https://youtu.be/RVqm779p5U8 10:40 - Jason Trennert Interview Highlights | Full Interview: https://youtu.be/W4T4C9I9MTQ 23:06 - Ron William Interview Highlights | Full Interview: https://youtu.be/6GK_GgHunA8 40:11 - Ram Ahluwalia Interview Highlights | Full Interview: https://youtu.be/l8TfsqLl44I Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #Bitcoin #Crypto #Markets #SP500 #AI #Earnings #HousingMarket #NuclearEnergy #InvestmentStrategy #EconomicOutlook #Altcoins Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Trennert, CEO, Chief Investment Strategist, and Co-Founder of Strategas Research Partners, joins Wealthion's Andrew Brill to discuss the U.S. debt crisis, fiscal policy, inflation risks, and the Federal Reserve's challenges. With $36 trillion in national debt, surging interest payments, and inflation not fully gone, is America facing a fiscal reckoning? Trennert explains how short-term funding, monetary policy, and market trends are shaping the nation's financial future. Don't miss this expert take on what's next for the economy, housing, markets, and your wealth. Investment Concerns? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/3Opi19K Chapters: 1:30 - The U.S. Economy Today: Growth, Risks, and Inflation 3:03 - Post-Election Markets: Earnings and Capex Outlook 5:07 - America's Debt Crisis: Short-Term Funding Risks 11:01 - Fiscal Reckoning: Can Spending Cuts Solve the Problem? 16:45 - Trump's Wall Street Treasury Secretary & The Fed's Role in Managing Inflation 23:13 - Inflation Disccusion and Real Impact: Strategas' Common Man CPI Explained 32:01 - 32:25 - Housing in Crisis: What's Driving Soaring Costs? 35:53 - Credit Cards and Trump Price Controls 38:49 - Market Return Expectations During Trump 2.0 Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Economy #DebtCrisis #Inflation #FederalReserve #Markets #Investing #EconomicOutlook #FiscalPolicy #StockMarket #Housing Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin traded above $99,800, closing in on the key $100,000 level. Michael Bressler and Benoit Bosc, x2B co-founders, talk what's driving the crypto right now and just how much higher the price can go. They also talk their new business as traditional-finance-workers-turned-bitcoin-advisors. Ward Nye, Martin Marietta CEO on what infrastructure spending will look like under Trump 2.0. Plus, Jason Trennert, Strategas Chairman, on the macro picture right now.

Listen in as Steve talks with CEO of Strategas, Jason Trennert about the economy and politics. Learn more about your ad choices. Visit megaphone.fm/adchoices

Listen in as Steve talks with CEO of Strategas, Jason Trennert about the economy and politics. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this Friday edition of Sid & Friends in the Morning, NYPD Commissioner Edward Caban officially resigns after the federal probe surrounding him and his twin brother heats way up. Where does the once revered NYPD go from here now that its top cop has been compromised? In other news of the day, Donald Trump says he will not be doing a second debate against Kamala Harris while she argues for the counter opposite, and two charges have been dropped against Trump in his Georgia election interference case. Jason Trennert, Curtis Sliwa, Troy Miller, Noelle Huizenga, Lara Trump, Lee Mazzilli and Alison Esposito join the show on this Friday installment of Sid & Friends in the Morning. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Trennert, Chairman & CEO of Strategas Research Partners, joins the program to talk about why this upcoming presidential election is so important when it comes to America's economy, and why Trump's financial plan is far and away the superior outline over Harris'. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Trennert, Chairman and CEO Strategas Research Partners Learn more about your ad choices. Visit megaphone.fm/adchoices

Mr. Trennert is the Chairman and Chief Executive Officer of Strategas and its related companies. In addition, as Chief Investment Strategist, Mr. Trennert is known as one of Wall Street's top thought leaders on the subject of markets and economic policy. His research pieces are read by leading institutional investors and corporate executives across the globe. Strategas has been ranked as Wall Street's leading macro-only research firm for seven straight years. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this Tuesday edition of Sid & Friends in the Morning, Donald Trump keep chugging right along despite the lefts constant witch hunt of him in their countless bogus legal cases against the former President. In other news of the day, White House spokesman John Kirby reiterates that the United States does not support an Israeli ground offensive in Gaza, to which Israeli Prime Minister Benjamin Netanyahu responded "as if". Presidential candidate Donald Trump's abortion policy refuses to endorse a federal ban on abortions, leaving the matter up to the states, and the former President makes a last ditch effort to delay his hush money trial in New York City. Jason Trennert, Curtis Sliwa, Jason Miller, Arthur Aidala, Rudy Giuliani and Michael Goodwin join Sid on this Tuesday installment of Sid & Friends in the Morning Learn more about your ad choices. Visit megaphone.fm/adchoices

Chairman & CEO of Strategas Research Partners Jason Trennert calls in to debrief the fundraiser held for Donald Trump over the weekend at Mar-a-Lago, of which Trennert was an attendee. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Trennert, CEO of Strategas: Lots of talented and accomplished guests at Trump fundraiser which raised $50.5 million Learn more about your ad choices. Visit megaphone.fm/adchoices

Listen to Jason Trennert on Cats & Cosby from Monday, April 8th, 2024. Learn more about your ad choices. Visit megaphone.fm/adchoices

Join FEG CIO Greg Dowling and Jason Trennert, Chairman and Chief Investment Strategist of Strategas, as they discuss the investment outlook of 2024. Listen as they explore economic trends, market leadership, potential rate cuts, inflation challenges, and the impact of the upcoming presidential election.Listen to this explorative dialogue that spans the broad economic landscape, then dive into the specific nuances that shape the market outlook for the year ahead. Will inflation rear its ugly head once again? Will potential Fed rate cuts satisfy the expectations of investors? As the discussion unfolds, explore the global rise of populism and its possible implications, particularly in the context of upcoming elections and geopolitical challenges; and uncover the ongoing debate between active and passive investing, hedge funds, and private equity.  Key TakeawaysHistorically, economic soft landings are rare, and inflation typically comes in waves.The Federal Reserve aims to remain independent from politics, balancing addressing political pressures and maintaining credibility with the market.The markets are probably overestimating the amount and frequency of Fed rate cuts.Which party occupies the White House does not have a material impact on stock market performance. However, economic performance prior to election does heavily influence voters. What we experienced with the “Magnificent Seven” in terms of market concentration and the contribution to index performance was highly unusual. It is also uncommon that the former market leaders of the past bull market lead the next.Due to a changing regime, we may be at peak passive and the golden days of private equity may be in the past.You can find every episode of FEG Insight Bridge podcasts in one place and sign up to receive our other publications here.

Join renowned financial thought leader and strategist Jason Trennert as he shares his major investment themes for 2024 in this episode of WEALTHTRACK. Gain insights into the current state of the economy and markets, and discover potential risks and opportunities that lie ahead. Trennert discusses the performance of giant tech stocks, the importance of portfolio rebalancing, and investment strategies for areas that have lagged behind. Explore the rise of populism and its impact on global markets. Don't miss this informative conversation! WEALTHTRACK Episode 2030 originally broadcast on January 19, 2024 More info: https://wealthtrack.com/leading-strategist-jason-trennert-identifies-major-investable-themes-for-2024/ --- Support this podcast: https://podcasters.spotify.com/pod/show/wealthtrack/support

Chairman & CEO of Strategas Research Partners joins Sid to give an update on the country's finances. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this Monday edition of Sid & Friends in the Morning, NYC's #1 news/talk morning show, might be heading to the Holy Land come the new year. Sid is in talks with a handful of influential Jewish names that are willing to send him to Jerusalem for a couple of days in January to hopefully broadcast the show live from the ground in Israel. In other news of the day, backlash on Mayor Eric Adams takes to the streets of NYC following the Mayor's announcement last week of extensive budget cuts across all city agencies, former First Lady Rosalyn Carter passes away at the age of 96, Donald Trump stumps in Iowa over the weekend as he continues on his campaign trail, the Giants somehow win a football game, and the Jets get spanked in Buffalo. Curtis Sliwa, Andrew Giuliani, Dov Hikind, Bill O'Reilly, Joe Borelli and Jason Trennert join Sid on his Monday installment of Sid & Friends in the Morning. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Trennert, co-founder and CEO of Strategas Research Partners, joins Julia La Roche for a wide-ranging conversation on the macro picture. Strategas has been voted the top independent macro research provider by Institutional Investor for six consecutive years. Trennert discusses the major macro themes that will shape the investment climate for the foreseeable future. 0:00 Intro 1:06 Quite cautious on the markets/economy  2:40 Chances are good that you're going to get a recession  4:33 The magnificent seven  6:06 40% of the Russell 2000 has not had profits in the last 12 months  7:10 Inflation  9:00 Long way away from the Fed easing  10:25 Not buying stocks at reasonable prices right now  12:30 Opportunities, energy sector  15:30 Thoughts on AI   17:50 Themes  18:40 The end of globalization  22:11 Labor market  24:17 Hard or soft landing  26:00 Regional banks  27:48 Energy sector 32:50 Lobbying ETF (policy opportunities)  37:24 TINA  40:30 Fair value of S&P is probably between 3500-4100 42:00 Career in financial markets 

Chairman & CEO of Strategas Research Partners Jason Trennert joins Sid to talk about newfound data regarding the migrant crisis, the debt ceiling negotiations, and what Memorial Day means to him and his business. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this Friday edition of Sid & Friends in the Morning, we recognize the upcoming Memorial Day weekend in the way it was meant to be recognized, by paying respects to all the men and women in our military who have paid the ultimate sacrifice for our freedom. While you're enjoying your time off from work on Monday, grilling burgers and dogs with family in the sun, try to take a moment to realize why you have that liberty in the first place. In news of the day, the fake leftist news spent all day yesterday making fun of Ron DeSantis' 2024 campaign announcement on Twitter Space with Elon Musk, President Biden makes his Joint Chiefs of Staff Chairman pick, debt ceiling negotiations between the President and Speaker McCarthy continue to stall, Sid's interview with Mayor Eric Adams from yesterday goes viral, and the IRS whistleblower claiming to have incriminating information on the Biden family makes his identity known. Curtis Sliwa, Jason Trennert, Noam Laden, Joe Tacopina, Teddy Atlas, Norman Seabrook and Rachel Uchitel join Sid as we lead you into the long weekend on Sid & Friends in the Morning. Learn more about your ad choices. Visit megaphone.fm/adchoices

Listen to Chairman & CEO of Strategas Jason Trennert on The Rudy Giuliani Show from Tuesday, March 14th, 2023. Learn more about your ad choices. Visit megaphone.fm/adchoices

WEALTHTRACK will be focusing on the theme of "what a difference a year makes" in 2022 and 2023, as there have been major changes in the economy and markets, including an acceleration in inflation, rising interest rates, a withdrawal of monetary stimulus, and a shift from liquidity-driven speculation to risk aversion. Jason Trennert, a financial thought leader and CEO of Strategas Research Partners, a leading provider of economic, market, and policy research, and his team have become bearish on the market due to the rapid rise in inflation and the Federal Reserve's commitment to its anti-inflation policies. Trennert discusses the ongoing pressures on the economy and markets and why there may be more market pain ahead. WEALTHTRACK #1925 broadcast on December 16, 2022. More info: https://wealthtrack.com/leading-strategist-jason-trennert-is-uncharacteristically-bearish-he-explains-whats-changed/ --- Support this podcast: https://anchor.fm/wealthtrack/support

Chairman & CEO of Strategas Research Partners Jason Trennert sits down with Sid to talk about those affected by the FTX fraud and inflation trends. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this Wednesday edition of Sid & Friends in the Morning, Sid runs through all the facts and information you need to finally understand exactly what happened to Sam Bankman-Fried and his cryptocurrency company FTX. Basically, the premise is simple. Bankman-Fried stole a lot of money and did with it what he pleased, but it still baffles us as to why he thought he could get away with it. When it comes down to it, anybody who engages in this level of fraud is a complete and utter sociopath with no regard for society. I guess we can find solace in the fact that he's most likely spending the rest of his life in jail, but there's a lot of people out there that might never financially recover thanks to Bankman-Fried's mistakes. In other news of the day, Title 42 is set to expire in about a week, which is sure to send waves of chaos across the southern border, it's been a full ten years since the massacre at Sandy Hook Elementary School in Newtown, Connecticut, and New York City Mayor Eric Adams announced an expansion of seats for preschool students with special needs across all five boroughs. Ron Insana, Jason Trennert, Peter King and John Franco join the program, and as always make sure you don't miss out on the Wednesday installment of Lidia Reports with Lidia Curanaj. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. equity indexes traded mixed Thursday, as investors priced in murky economic data and the reality that Jerome Powell's Federal Reserve shall not pivot from its inflation-fighting stance. “We think the CPI report was very important for the market,” said Eric Johnston, the Senior Managing Director and Head of Equity Derivatives and Cross Asset at Cantor Fitzgerald. “It showed that inflation does not magically come down and you can't get it under control with a soft landing, an unemployment rate below 4%, and the S&P 500 at 4,000.” Eric joins Andreas Steno Larsen for today's Daily Briefing to talk about why equities are holding up so well with global growth increasingly impaired and financial conditions more and more restrictive. Eric and Andreas also discuss key levels for major asset classes and positioning dynamics amid the many prevailing global geopolitical-macroeconomic crosscurrents. We also hear from Jason Trennert about the structural factors that will keep inflation higher for longer. Watch the full conversation featuring Jason Trennert and Ash Bennington here: https://rvtv.io/3dfUHvY. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's a moment of truth for the market as we await tomorrow's CPI report. So, what should investors expect? NewEdge's Cameron Dawson gives her take. Plus, Strategas' Jason Trennert reveals the key market indicator that investors need to pay more attention to. And, SL Green and Chef Daniel Boulud are cooking up a new venture. All the details are explained in Overtime.

Jason Trennert is Chairman and Chief Executive Officer of Strategas and its related companies. The podcast starts with Jason explaining why he wrote his 2015 book My Side of the Street: Why Wolves, Flash Boys, Quants, and Masters of the Universe Don't Represent the Real Wall Street and why it remains relevant today. After describing how his passion for intelligence-gathering informs how he looks at investments, Jason lays out the three fundamental principles underpinning the way he does business. Jason then voices his skepticism about Wall Street's prediction that profits will be up next year, given that a recession seems inevitable. He also airs his concerns about tech companies valued on revenue growth and not growth in earnings or cash flows.   Lastly, Ryan and Jason talk about the price activity of Bed Bath and Beyond (BBBY) in recent weeks. He explains that meme stocks are damaging confidence in the system and companies' ability to raise money.

A cooler-than-expected inflation report fueled a sharp rally on Wall Street, with the Dow closing higher by more than 500 points and the Nasdaq surging nearly 3%. Jason Trennert from Strategas and Tony Dwyer from Canaccord discuss what the inflation print means for their outlooks, and how the Fed could react. Meantime shares of Plug Power surged, despite missing earnings estimates. CEO Andy Marsh joins to talk about how his industry could benefit from the Inflation Reduction Act. And one name that sat out the rally was Angi, the parent of Angie's List. The company's CEO weighs in on whether or not the pandemic home improvement boom is over.

We discuss mandates and the terrifying outlook of the American financial system.  Our guests are: Dr. Naomi Wolf, Jason Trennert Stay ahead of the censors - Join us warroom.org/join Aired On: 12/28/2021 Watch: On the Web: http://www.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews 

We dive deep into spending bills with Gaetz, Trennert, Posobiec, and Epshteyn.  Our guests are: Matt Gaetz, Boris Epshteyn, Jack Posobiec, Jason Trennert Stay ahead of the censors - Join us warroom.org/join Aired On: 09/30/2021 Watch: On the Web: http://www.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews

The AG of Texas fills us in on the new abortion laws that might be making their way to other battle ground states.  Our guests are:Terry Schilling, Jason Trennert, Ken Paxton, Liz Yore Stay ahead of the censors - Join us warroom.org/join Aired On: 09/03/2021 Watch: On the Web: http://www.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews

Cuba protests are a tipping point for much of the rest of the world, and we the people are essentially the federal reserve.  Our guests are: Marcell Felipe, Jason Miller, Jason Trennert Stay ahead of the censors - Join us warroom.org/join Aired On: 07/12/2021 Watch: On the Web: http://www.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews

Trennert says there is a “two in three chance” for significant higher inflation that will create “massive financial instability.” Our guests are: Jason Trennert, Caroline Wetherington, Michele Bachmann, Roger Kimball Stay ahead of the censors - Join us warroom.org/join Aired On: 03/22/2021 Watch: On the Web: http://www.pandemic.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews

Steve Bannon, Jack Maxey, and Greg Manz discuss the latest on the coronavirus pandemic as the economy still remains a big question mark along with the legal fight over the 2020 US Presidential Election. Calling in are Jason Trennert and Rudy Giuliani with their insights.

Steve Bannon, Raheem Kassam, and Jack Maxey discuss the latest on the coronavirus pandemic as the evidence of fraud in the 2020 US Presidential Election mounts. Calling in ar eBoris Epshteyn, Jason Trennert, and Dr. Bradley Thayer to provide their insights.

Steve Bannon, Raheem Kassam, Jack Maxey, and Vish Burra discuss the latest on the coronavirus pandemic as Steve announces a national speaking tour called "The Plot to Steal 2020". Calling in is Ed Pozzuoli to discuss the lawfare aspect of this plot. Jason Trennert calls in to discuss the economy.

Raheem Kassam, Jack Maxey, and Vish Burra are joined by Steve Bannon to discuss the latest on the coronavirus pandemic as the mainstream media does its best to advocate for mail-in voting. Calling in is Bill McGinley to discuss mail-in voting. Also calling in is Jason Trennert to discuss the state of the economy.

Raheem Kassam, Jack Maxey, and Greg Manz are joined by Steve Bannon to discuss the latest on the coronavirus pandemic as the economy starts showing signs of vibrant life. Jason Trennert, Larry Lindsey, and David Bahnsen call in to provide their insights on the economic recovery.

Raheem Kassam, Jack Maxey, and Greg Manz are joined by Harlan Hill to discuss the latest on the coronavirus pandemic as the new jobs numbers contrast a bright future with the bleak present America is experiencing right now amid the protests and riots. Raynard Jackson calls in to talk about his reactions to the George Floyd situation. Jason Trennert also calls in to discuss the latest jobs numbers.

Steve Bannon, Jack Maxey, Jason Miller, and Raheem Kassam discuss the latest on the coronavirus pandemic as new unemployment numbers come in and the desire to re-open the nation heightens. Calling in is Steve Cortes and Jason Trennert to discuss the possibility of how and when the economy could or should open back up.

Steve Bannon, Jack Maxey, and Jason Miller discuss the latest on the pandemic as New York becomes the epicenter of the outbreak in the United States.

Steve Bannon and Jack Maxey are joined by Jason Miller to give a special report for New York City as they air live on 77 WABC. Calling in is station owner John Catsimatidis and Jason Trennert to give the macro view on the historic market meltdown.

Steve Bannon is joined on the phone by Jack Maxey and Dr. Steven Hatfill to discuss a possible leveling off of cases in China and how a second wave of the virus could possibly be more devastating. Also dialing in is Jason Trennert to discuss the current economics of the pandemic.