Tom, President Trump said in his speech to Congress that he wants to restart the engine of the American economy. Do you think he has the proposals and the ability to do that? What are your thoughts? What I think is optimism is great. And whatever is going to help drive American jobs is fine by us. We are a great American food company. So I think anything that provides for less regulation their lower tax base it's gonna be helpful to spur new jobs and spur new growth. And so I would say extraordinarily helpful we are on optimistic company. I think that's an optimistic message. When you hear the president talking about his plans for Tax cuts, rolling back regulations, road projects. How does this influence the business decisions at Tyson, for example? Are you making changes, adjustments, or maybe not? We're not making changes yet. We certainly will once things become visible in terms of what's actually gonna happen. We are definitely doing some scenario modeling. So all the things that have been proposed whether it's House proposed or White House, one of the things we're doing is looking at what are the things that could play out? How's that going to impact Tyson Foods? How do we make the best results for our employees and our investors? So that is something we're actively thinking about and we're exploring all the options that are on the table today. So President Trump was talking about a historic Tax cut. What would you like to see? Certainly, lower taxes. [ LAUGH ] [ LAUGH ] Fine by us. I think what's important is to understand what would happen to the extent that we start making more money on the bottom line because of the tax cut. And what we would do is look to spend some of that back to improve our sustainability platform, to drive new products through innovation, The idea is we want to continue to have a sustainable company. Something that's living for you know, 20 years in the future. To use some of that fire power to drive against our business that's what we'll be focused on to. He said it's going to be a big, big tax cut. How big does it really have to be to have a material impact on Tyson and its competitiveness? Yeah, so far, attach rate is 35 %. If it gets 25 %, that's a huge number, 10 % difference. That can mean a lot in terms of new innovation. Then, it could be that we build new plants and we have more of a growth model. That is a significant amount of money and something that would certainly make us happy being predominantly centered in the US. How would describe the business climate since President Trump was inaugurated a month ago. Is it different? You know, has it changed the business climate? I can't say it necessarily has for us, but it's certainly you know like I said helping us think about what could the outcomes be? And preparing for that for Tyson in what's gonna be best for us to do. Let's talk a little bit about trade. Tyson operates in more than a 100 countries. How concerned are you about some of the Presidents tough talk on trade could impact your business? It's really difficult I think non- popular to politicized food. So we feel like there's gonna be good arrangements that are built that we can continue to have those export relationships that we have. It is important to us and I think not just for us as a company but also being a player on the global platform that we are. Agriculture is huge business right? For the US. And for us to remain a powerhouse in that area I think is very important to the future of our country. And what about China? China is a big importer of meat products. How could trade tensions impact Since China sales. What I would focus on is that for the 80 years in the company's history, there have a lot of things that have been tough. There have been markets that have been shut down to Tyson, markets that have been opened up, there have a lot of movement. This wouldn't be the first one and you know my hope is that it doesn't get to that point. But to the extent that it does, the resilience that the team has, I'm confident, will continue to move the company forward in a direction that takes advantage of opportunities that emerge as a result of maybe difficulties that we have. [ BLANK_AUDIO ]

Tyson Foods’ CEO Is Excited About Trump’s Proposed Tax Cuts