From the New York Times, I'm Natalie Ketrow-F.

This is the Daily.

Tariffs are at their highest rate in nearly a century.

The labor market is weakening.

Over and over again, Trump has meddled with corporate America

and the country's most important

economic institutions.

And yet, the S&P at an all-time high, same for the NASDAQ, by the way.

The stock market has kept on going up and up and up.

Markets continue to hit all-time highs,

all of this despite lingering uncertainty

caused by President Trump's tariff agenda.

Today, my colleague Joe Renison

explains why, at least until now,

the market has stayed so strong in such volatile times

and what we know about how long this can really last.

It's Monday, October 20th.

Wow. You brought a Bloomberg terminal printout.

In case you ask me what companies have done well since tariffs, and I'll be prepared.

It's beautiful. I just caught a glimpse of it, and that orange, that bright orange letter.

It's very distinctive, isn't it?

Yeah, you can't miss it. Yeah.

...