Part 5/8:
Reflecting on the broader economic landscape, O’Leary underscored the significance of reaching a deal with China. He mentioned that Powell is unlikely to adjust interest rates without clarity on the situation with China, as doing so amidst rising tariffs could further complicate inflation issues. O’Leary asserted that the market would react positively—potentially skyrocketing—if Trump were to announce a meeting with Chinese President Xi Jinping.