Not sure about the US but in Canada, recruits and riflemen march at 140. What's hard would be sticking to the rhythm of the music vs a trained pace, and deciding as a group to adjust to the next song or not.

Surprisingly, his ratings among 5 to 9 year olds have yet to be impacted by his trade policies.

Totally! And yet we are nothing like a bucket of water.

... Except that the mouse's shadow can crush buildings, destroy retirement plans, or propel people into the halls of power... Because we treat that rough estimate of value as if it were money.

The point is that corporations' market capital can gain or lose millions of dollars when only a fraction of that amount changes hands, because their market value is an estimate based on the last few stock trades. It's a little mouse throwing giant shadows on the wall...

So when I buy 1 share of a company for $1000, and the company has a million shares, the company's estimated value based on my trade is $1 billion. Even if most of the shares were sold last week for a nickel each... Although there are guard rails to keep things from being quite so wild.

... Which are configured to make money. Profits get shared out based on stock ownership.

Trading stocks on an open market means that people buy shares based on the money they think a company will make in the future. Stock price isn't tied to what a company owns or has today - not cash, not stuff.

Thanks for sharing - this is thoroughly unhinged

I doubt you'll get financial advice from Kai, they've said on the show before to "consult a financial advisor" because giving financial advice can create liability.

Interesting - the idea of the US defaulting on its debts would be a massive shock even by 2025 standards.

That change in valuation holds true even if only a small number of shares changed hands. The company never had a billion dollars cash, just an estimated value based on the sale price of a little slice of it...

So to answer your question, the value was an article of faith, and people lost faith.

This one's tricky to picture - but stock is priced at whatever the last trade executed at, with a few guardrails to prevent cheating. If my billion dollar company's shares were $1000 each but the last few days had them trading at a dollar, I have a million dollar company today

Let's say that a precisely targeted tariff can benefit specific stakeholders - sometimes enough to offset the pushback from consumers and trade partners?

I've been wondering about this myself. They could even start dumping what they have - a fire sale could drive up t-bill yields, which would push stocks down even further - right? Economic carpet bomb.