Lance breaks down his 2025 halftime report.

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• (00:00:02) - President Trump: Focus on the End
• (00:00:44) - Lance Browning
• (00:03:54) - Four Indicators That Prove a Recession Is Coming
• (00:06:52) - P500 Companies' Earnings Dashboard
• (00:07:40) - Tariffs: The Moment They're Said to Happen
• (00:09:07) - Tariff Tantrum
• (00:11:35) - Tariff Rates since 1970
• (00:13:00) - Trump's Case for Tariffs
• (00:14:59) - Which Country Exports the Most to the United States?
• (00:15:35) - Importance of exports in the United States
• (00:17:16) - The American consumer's role in GDP
• (00:18:06) - Consumer Finances, JP Morgan
• (00:19:44) - One of the things that can drag down consumer confidence is inflation
• (00:21:33) - Trump on Trade and Reciprocal Tariffs
• (00:23:16) - Interest Rates and the President
• (00:24:53) - Consumer Confidence and the Stock Market
• (00:26:29) - How Good Do You Feel About the Political Process?
• (00:27:26) - Consumer Spending and Stock Market Outlook
• (00:29:52) - What the Bulls Want, What Could Go Wrong?
• (00:32:03) - He Looks Sadly Awake
• (00:32:23) - The Fallacy of Average Returns
• (00:35:44) - Yo-Yo Money