There's near-term risk to the market from Aug. 1 tariffs, says Northern Trust's Joe Tanious

Joel, just start with you on the tariff back and forth with the EU. I guess what's the advice while this plays out. I I think hold on to your seats because this this back and forth that we've been dealing with uh is unfortunately just part of the norm.Now, we do think we're going to end up with baseline tariffs of around 15%. Uh but Kelly, until we get there, these negotiations, it's going to create some volatility in the markets. It's going to create a little bit of anxiety.Uh and I think there is risk her ...