Transcript
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Good morning everybody. It's that time
again, Sunday morning. Right here,
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K and S T seven ninety,
it's eight o'clock. This is Dean Greenberg
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and this is your Money Matter Show. You know, it's crazy, man.
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These weeks are absolutely crazy. All
the information on the economic side,
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the political side, what's driving everything. Just don't be surprised if it's going
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to continue to do this all the
way through the election. The markets are
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up, markets are down, they're
up big, they're down big, and
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then they start, you know,
trying to work its way through this way.
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This week in the Dow that was
actually up almost one percent, while
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the NASDAC and the SMP were both
down, and in Russell two thousand it
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was up three and a half percent. So that trend has continued through the
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situation that we have trying to figure
out what's going on. Well, the
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market has pulled back, and a
lot of it has been a pullback ever
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since you know, Biden decided that
he isn't going to run, and uh,
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and then uh, obviously Kamala Harris
is going to be in there,
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so it's gonna be closer, there's
no doubt about it. And you're gonna
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have a scenario where you're so different
on economic policies. If Harris gets in,
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it's a total different agenda than if
Trump gets in. And no,
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it's not pro uh economy. They
say it is, but it's not.
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They're going to spend more money.
No one, at least on the on
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the Republican side. Trump's side,
he's talking about the debt and the fact
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that he has to bring it down. They don't talk about it on the
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other side. And that, to
me is the number one factor that scares
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everybody. It's become a it's really
interesting, and you know, I don't
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want to get into too much with
the politics. I mean, you're probably
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sick of it as I am with
it, but it just really drives me
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crazy to listen to the left talk
about all the things they've done in the
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last two and a half three weeks, actually two and a half three months.
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He's running, he's lucid, he's
strong, he can do everything he
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wants. Joe Biden, you know, he's the man, and we're backing
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him. As soon as the truth
came out, and obviously we all saw
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it with our eyes during the debate, they all turned against him. Then
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they have all this other stuff all
about democracy. We all know that story.
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And the people with the money,
the people with the power, and
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which is all they freaking want is
power. They decide to put in Kamala
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Harris and everything they said bad about
it, now everything's good. We never
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get an answer why Biden didn't run. Don't tell me. He stepped down
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and he is the greatest thing in
the world. If you're gonna believe that,
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it's malwaukeey. But they don't tell
us the truth. Have preferred him
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to stand up that night in his
speech that he reads and basically tell America
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the truth. He wanted to be
president. He felt he was the best
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man for to be president. It
was obviously his ages caught up with him.
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It's obvious that the people I've decided
that that kind of turned against him
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and his own his own powers to
be within his own group of people,
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and the Democrats decided they were turning
against them, and so they made him
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realize that, you know what,
I can fight this all day long.
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I'm maybe one years old. Why
do it turn the torch over and go,
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I know the saying that's what he
said, That's not what he said.
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He said, He was the greatest
president. And in six months he's
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going to cure cancer, get peace
in the Middle East, go ahead and
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have a kumbai Ka with Russia in
China and fix all that. And I
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ran and he's going to get to
play doubt and everything else in six months
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that he couldn't do in three and
a half years. But tell us the
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damn truth. The party needs to
tell us the truth. Who was running
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the country. The same people that
were running the country the same people are
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going to be running the country now. And we're starting to really know who
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that is. It's Pelosi and it's
Obama. They were the two biggest key
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indicators in the whole thing of why
eventually they got Jill to tell her husband,
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we're no longer in the being in
the White House. That's the truth.
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He wanted to win. He didn't
think he could win. They didn't
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think he could win. He thought
he could win, They didn't think he
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could win. So he decided to
bow out. Okay, I get it.
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First of all, he should never
been in there. Shame on his
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wife, Shaman, his kid.
To just keep the power. It's been
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in it for fifty years. He's
done some good, He's done some bad,
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just like all of them. I'm
tired of listening to one side tell
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us we won't have democracy if Trump
is in. I'm tired of the Trump
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side saying we're not going to have
democracy if the other side of it.
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Let me tell you something, whoever
gets in, we're still going to have
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democracy. We the people are going
to make sure we have democracy. It's
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the rhetoric about it. The thing
that I can't stand about the left is
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real simple. They quit every time
they down. They change the rules when
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it doesn't work in their favor,
and they complain all the time when there's
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a ruling against them, But every
time it's against us, it's the right
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thing. This is how we have
to do it. This is what the
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people want. It's not what the
people want. All the time, you
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got fifty to fifty half the people
on one side, half the people are
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on the other. When is someone
going to stand up and realize that everything
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that they do has to be fifty
to fifty. Then I don't care who's
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being president, but I do care
who's going to protect us. And right
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now I don't think there's any protection
going on. I think the border is
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open now. You wait to see
Kamala Harris. Now they argue that she
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was in bizarre the whole time.
She was bizarre. I'm gonna ask you
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a question. If that border was
shut and it was great, we're all
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happy with the border. What if
she taken the credit for shutting down the
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border? Of course she would.
Again, they lie, they mislead.
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It's not about lying. They all
talk about lying. It's all about misleading.
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They take the facts and turn them
so most people don't understand. This
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is not about for normal, smart
people. It's about the agendas. For
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the people who can't stand Trump.
It's all about the love fest they're gonna
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have for Kamala Harris. And that's
all you're gonna hear about. So we're
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gonna start getting concerned, Oh,
can we win this? Can we win
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that? If we stay on on
on target, on point, the Republicans
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will win. Trump will win.
I can't believe that in Pennsylvania and Wisconsin
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and Michigan, where they're all hurting, they're gonna listen to them. Sit
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up there and tell you about how
inflation is down, how gas prices are
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down, how the border is better, how your wages are up. Because
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at the end of the day lip
service does not help their pocketbooks. I
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don't care what numbers you look at. You can make numbers the best you
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want. It's always the same case. It's what people feel, and right
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now they're not feeling that. Yes, the people that feel that they hate
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Trump are happy they have somebody in
there so they can vote for them.
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They don't care. They would never
vote for bubble Glyn. They don't understand
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what an agenda is other than what
it is on this or they don't know
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what the economics of it, but
they feel the economics most people couldn't even
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balance their own checkbooks. But understand, we're going to have a rally on
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the Democrats side. Their polls are
going to get better as we go in
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and after their Democratic Convention. Then
it's going to get interesting because the reality
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of it is, if the if
the Republicans are small enough to make sure
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that the that the election is going
to be what we need it to be.
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Okay, we don't have the pandemic
now, we don't need pandemic rules
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right, and to make sure we
keep touting what we need to do,
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we just got to win Pennsylvania,
Michigan, or Wisconsin. I think it's
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keep saying I still think Arizona is
going to switch. I don't. I
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don't speak to a lot of people
here that are like, oh great,
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let's go, let's go. A
lot of Democrats. Yeah, they're going
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to shut down the border. I
just don't see. It. Could be
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totally wrong, but I don't think. I am. I think as we
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move forward, the economy is what
is going to matter. You know,
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they just gloss over on Friday the
PCE number, the main inflation number that
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they talk about, was not down
like they expected to. There was actually
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a point one percent or one tenth
of a percent point one tenth of percent,
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which before used to rock the markets. This time they shrugged it off
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and didn't matter and just rallied.
There's money on the sideline. That's one
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to get invested. As we talked
about the markets before, I looked for
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this opportunity, we took some money
off the table. We've been now implementing
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some of it, and we're gonna
start looking again next week because I think
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we're closer to a short term bottom
than we are a top. I do
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think we can still rally into the
middle and beginning of August and the beginning
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of September. I still think we
can go up and make another new high.
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We pulled back here. I don't
know about five almost five percent or
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so. We can then rally back
up. Then we'll see who wins.
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But there's a clear difference on economic
polish between the two. They both spend
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money, and I hope that the
Republicans realize I can't spend as much as
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they did. Okay, you're gonna
hear things. You're gonna hear obviously bad
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things about JD. Vance and Trump
the whole time. You know, it's
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the uh, it's the felon against
the prosecutor and all this other stuff.
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Didn't they ever stop and think,
though, how does Trump have so many
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people? How many people really still
want to vote for him and believe in
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them when all these conventions are against
them? Because we are smarter to understand
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and see what's obvious in front of
us, where most people just hate him
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so much, just wanted an alternative
because there's nobody when you talk to them,
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nobody wants open borders, and they
don't realize She's more about open borders
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than Biden when it comes to crime. She was raising money to leave out
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the people that were protests and burning
down the police stations and all in Seattle
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and everything else. So all the
Black Lives Matter scenario, she was raising
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money to get them bail. San
Francisco became a hell hole. Not to
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mention, it's just disgusting the streets
and everything else. But the violence,
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that's how are you They sit there
and tell us that violence, criminal violence
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is down. They can show me
whatever number they want. There's not a
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person out there that feels that's the
case. I go to New York,
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I don't feel safe that much when
I'm just walking around by myself. Especially,
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I won't do it. I won't
go on the subway. I'm not
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a soft guy. I just won't
go on the subway. It makes no
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sense that people think that crime has
gotten better just because they tell you.
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Look feel with yourself. I love
to tell everybody, take every single person
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that believes that that violent crimes are
down, and put him in the inner
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city of New York, put him
in Chicago, put him in San Francisco,
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put him in any city. Tell
me that it's down. And then
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obviously on outlying areas, you notice
most of those are the them run areas.
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They want less. You can hear
the same thing. If they bring
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up everything on Trump and Jdvans,
you can bring it up on her too.
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And I don't have a problem with
people changing their minds looking what's going
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on and saying I gotta be tough
on this. But she was all about
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defunding the police. She was all
fun about opening the borders. She was
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they will. I mean, it
makes no sense to me, but that's
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where we're at. If she gets
in. I do believe we will have
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a problem with the economy at first. We will have recession that we look
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at. It might be wrong,
but here's why I think it's gonna happen.
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They still want to write off student
loans. The big proponents of it
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they talk about They talk about the
fact that they're going to go ahead,
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and they did this great job of
getting the maximum amount the people have to
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put out for drugs to two thousand
dollars down from eight thousand. Okay,
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on paper, that sounds good,
but do you realize everyone's health care is
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gonna rise. Every premium is gonna
go up to be able to pay for
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that. So while it might help
people that have no money and on subsidies,
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and being taken care of. It's
not gonna help the average person that
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actually works and earns money or has
any investor or has anything. Their premiums
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are going up. Have you looked
at your auto premium. It's the most
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inflationary of them all. They're going
to keep inflation moving higher because in their
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mind they need to take care of
people, which means more people think they
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need to be taken care of rather
than pulling their bootstraps up looking for opportunities
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and going forward. She gets in
and the administration controls what goes on with
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the and when's the House of the
Senate. Guess what's gonna happen. They're
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gonna get They're gonna figure out a
way to get all these illegals are coming
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in. They're gonna pay them.
They're gonna get them jobs. They're going
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to do a whole bunch of things, and it's gonna come from us taxpayers.
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I keep saying this, if we
can keep paying for illegal immigrants,
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we can keep paying for all these
disasters. If we keep paying for everyone
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around the world, and they don't
pay what they're supposed to pay their fair
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share, then we'll pay it too
much. In taxes, and they are
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gonna tell us we need to pay
more and pay our fast share in taxes.
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I'm okay with doing that, and
I pay a lot in taxes.
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I want everyone to pay their fair
share. The problem is is our definition
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of fair share when it comes to
actually paying taxes. Our debt will not
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go down or will go up.
And I'm really hoping that if Trump gets
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in, he sticks to his word
and figures out a way to get our
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deficit down and show people that it
goes down. And you're gonna hear all
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these economic institute, all the people
against Trump telling you what they're gonna tell
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you that it's real simple, that
the the that the the everything he's gonna
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do is inflationary and going to ruin
the economy. But guess what they said
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it before. They said we were
gonna have a decline in the markets like
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we've never seen before, we were
gonna have a horrible recession. We're gonna
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have everything we had nothing. We
had. One of the strongest economy is
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going Blacks, Hispanics. They were
the lowest unemployment they ever had. Sure
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Biden did a good job keeping it
low. Okay, He also touts how
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he's got all this all the you
know, put fifteen million people to work.
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Well, you had nobody working,
you had a pandemic. You better
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put people to work. Stop being
misleading. They talk about all this stuff,
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but you know, at the end
of the day, this is what
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you're going to look at the CPI
Inflation under President Biden, gas prices are
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up forty seven percent, consumer prices
up nineteen percent, groceries up twenty percent.
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Electricity, man, is that going
on twenty eight percent? What are
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we going to do when they want
everyone to have electric costs? Rent twenty
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one percent. We are down one
point nine three percent in real wages.
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So wages went up, but the
amount that you had to pay off went
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down because of inflation. And here's
the best one. Credit card debt is
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up forty four percent. That's scary. Credit card debt is what eventually topples
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everything over when people can't pay and
they all have to go bankrupt. And
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it's a domino effect. You see
it in going out to eat. You
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see it in consumers. They're not
spending what they were spending. Retail sales
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has been down, going out to
restaurants have been down. People cannot afford
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it, and they know they can't
afford it, and they continue down this
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road, it's gonna get worse and
worse. When you go and you see
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what's going on. You got to
understand the markets are going to go through
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different volatility times that they are now, and we're gonna have to stay with
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it, and you're gonna have to
be a little bit more active, and
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you're gonna have to learn how to
mitigate risk, and you're gonna have to
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learn how to take money off the
table and move into the other areas.
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You're gonna have to go ahead and
be more active. If the guy you're
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with, the advisor you're with,
just says, don't worry, just wait
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for it to come back every time
it goes down, then you have to
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sit and think, is that what
you want at your age? I won't
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sit there and do that. I
didn't do it when I was thirty.
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I don't did it when I was
fifty. I don't do it when I'm
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sixty. I don't do it right
now when I'm sixty five. It doesn't
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matter even now. Is more important
that I know how to mitigate risk and
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make sure the portfolio can gain money
when it's going up, and try to
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hedge yourselves, take money off the
table, have cash to be able to
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buy when things go down. It's
going to continue this way, it really
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is. So Lastly, the thing
that probably upset me the most this week
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was the way we act as Americans
for whatever reason, under different circumstances.
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And I know it's everyone's prerogative to
go ahead and protest, but here's the
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thing. I don't think they're all
just protesting. I think they all are
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told what to do. They get
money for protesting, because who the heck
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is off on a Thursday afternoon that
can go to the Capitol and go burn
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the American flag and get away with
it. That burning American a flag upset
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me probably the absolute most. I
don't care what our freedom is, what
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our rights are. These people think
they can go to my capital and burn
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the American flag in front of our
capital. They don't need to be here,
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they can leave. Could you imagine
burning a flag in China or Soviet
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Union, or the Middle East or
Iran or even some of those European countries,
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imagine burning their flag for the country
that they live in. It would
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not be tolerated in some places you'd
be decapitated. But for some reason it's
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looked at as a way that it's
protesting. So what are they protesting?
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The Prime Minister of Israel came to
talk to the United States, no different
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than Zuleiski did and address Congress,
but there was no protest against Russia,
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Ukraine for spending money, whatever is
going on. But it is against Israel
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who was attacked. I don't get
it. As a Jewish person again,
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I grew up Democrat. I couldn't. As life went on and the Democrats
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change, I could no longer be
the party of hypocrites. I could not.
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I had to change. But as
I I mean, I'm not a
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right right Republican, I know that, but I certainly understand the way right
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and wrong, and burning the American
flag is wrong. It's not right,
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and we've given people second chances on
these things. We stick by them.
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But what are they protesting. That's
the thing that bothers me more than anything.
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They're protesting because Israel got attacked and
they don't like the way Israel is
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attacking back. They lost lives,
innocent lives, women, children, The
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worst things that can possibly happen to
some of these women and children. But
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not one time do they say Harmas
is a terrorist group. They love Harmas.
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I hate these people because they have
no common sense. They call a
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genocide. What do you call when
you take going to a country secretively it
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starts chopping people's heads off, killing
people going to a festival and just blowing
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everybody up? What do you call
that? But because they fought back,
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they can take it. We still
have American hostages there, American hostages,
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and they want to have a cease
fire. I wouldn't do a cease fire.
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In two more American hostages and Israeli
hostages were released. Why haven't they
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been released? Probably because they're not
alive. That's the facts. I hate
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to say it. It's horrible and
it's horrible that these women who couldn't even
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live in Palestine A much of the
people in Middle East except Israel A protesting
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against Israel at say in the genocide. Think about that. LGBTQ who think
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they should be protesting against Palestine would
be dead, hung in the middle of
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the street and hung out to dry. They could not be gay in those
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areas of the world. But yet
they want to protest against America, where
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they have all the freedoms in the
world. Sure, they have some racist
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people that come against them, Fine, we all do. We're not burning
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the American flag. I stand for
these for the national anthem. There are
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people that have died for that freedom
of that flag. And if you are
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okay with that, then look in
the mirror and figure out why you're okay.
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Other than that's the free thing for
them to do, think about what
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they're doing behind it. With that, I say thank you for listening.
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We'll continue with the Money Matter Show, and I appreciate everybody that becomes our
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relationship. Thank you. Welcome back, everybody. This is the Money Matter
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Show. We appreciate your listening.
I got Dave Dylan Todd of myself today.
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We're going to talk about the markets
and a lot of other things that
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affect it. Remember the show is
brought to you by Greenberg Financial Group.
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Greenberg Financial Group is both a registered
investment of BUDS and they broke a dealer.
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00:24:48.480 --> 00:24:52.400
We're registered with the SEC, members
of FOM, members of CIPIC.
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On the show, we talk about
different products, different strategies, different ideas.
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Everything has some type of risk.
We want you to understand and the
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00:25:00.279 --> 00:25:03.680
risks please understand the risk. There's
risk to make it too much money.
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00:25:03.680 --> 00:25:08.160
There's risks to being over allocated.
There's risk to be in too much in
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one industry. There's rich to not
taking money off the table. There's risk
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with everything. Even if you think
there's not there's some type of risk.
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Understand ask do something about it.
And that's why we'll always looking trying to
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mitigate risk when we think the odds
are that it's a little bit out of
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control. What an interesting week,
I mean, a historic week really with
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Biden bowing out and quickly how quickly
Kamala covered it. I mean you got
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to give her credit and even if
you don't like her, put that coalition
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together very very quickly. That was
definitely happening behind the scenes. Yeah,
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oh, absolutely, not a chance. I was just out of the blue,
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like two days, right. I
think it seemed more like Biden's been
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fighting to stay because he didn't want
to go out office, like he wanted
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to run next time or this for
this cycle. Oh no, absolutely,
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and then eventually he just gave in. For whatever you do, bind,
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it's impressions to be said, you're
stopping exactly okay, and he should have
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just said that. Listen, I
was pressured not to do it. I
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realize that I'm probably too old to
do it another four years and now it's
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being selfish. It's just I hate
how it's just turned into. So he
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drops out, she takes over.
It's not like a whole primary again,
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which she was the worst primary candidate
last time. It's just alsodden her and
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everybody on that side is saying,
oh, but Harris is there, Okay
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on board. I like her now, but I don't necessarily like her before
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about lover now. At the end
of the day, it's the younger generation
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that better wake up and understand that
the powers at the top are going to
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control who you have and who you
don't, and if you, guys don't
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00:26:37.720 --> 00:26:42.759
put your foot down and start getting
some term limits and getting a better process
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and demanding it. That's where the
protest should have been, not again and
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00:26:47.279 --> 00:26:52.359
not against uh that nau. It
should have been against the the the damn
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way the government decided who's going to
be running for president. That's where the
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protest should have been. Yeah,
I heard you talking about her. Moss
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protesting thereiculous. They were tagging the
capital with a moss spray paint. They
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were hanging an American flag scarecrow with
a net Yahoo face pictured on him.
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One I had a Hamas flag and
it's like they're gonna support throwing. Yeah,
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00:27:14.799 --> 00:27:17.079
they were burning the How do you
support Hamas? I mean, it's
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00:27:17.119 --> 00:27:22.720
a terror the other days because it
kind of picked my answer soup of Palestinians
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support Hamas. So the majority don't
like a Moss. But if you look
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00:27:26.119 --> 00:27:30.039
on the news, it's like one
hundred percent like a Moss. So the
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00:27:30.079 --> 00:27:33.680
news is skewing it. Yeah,
they let Hamas get elected and take over,
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and that's don't they had a choice. Yeah, election five, it
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was a little different. But seventeen
years later, eighteen years later, I
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mean, a moss won a while
you don't vote for what we're going to
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kill you. My treadmill, as
you know, is in front of the
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CNN TV on and not much I
can do about that. So I was
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watching CNN a couple of nights ago
and they were talking about the election,
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and the question was, is this
bump that Harris has gotten and the bump
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puts her kind of in a statistical
debt heat with Trumpet at this point?
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Is it sustainable? And they had
a democratic consultant time, and he was
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talking about and he you know,
it is sustainable, and she but she
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hasked to build. He said,
the bottom line is if the election were
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today and this was Wednesday or Thursday, she would lose, and lose badly.
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And by that, what he's saying
is that the national polls are irrelevant
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because of the electoral college. So
if your national poll is polling people in
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New York, in Los Angeles,
in Chicago, is not really a poll.
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00:28:34.279 --> 00:28:37.799
Yeah, I feel like you can
just sew those polls however you want.
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Yeah, And if you look at
the five or six swing states,
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Trump is a head in all of
them. And that's what he's saying.
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He's said, if the election were
held today, she'd get buried. I
359
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don't see him changing, Dave.
And that's why, you know, we
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look at this from an economic point
of view. They could talk all day
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long about numbers. We all know
what you can do with numbers, right,
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But when people take out, they
get their check put into their bank
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account, which is more than they
used to get, and they can't pay
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all their bills. They're not comfortable, and the only thing they know it's
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inflation. They go to the store. It's inflation. They pay the electric
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bill, it's inflation. I couldn't
believe how much my electric bill. It's
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ridiculous. And they want to go
to all EV. We couldn't afford it,
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00:29:22.039 --> 00:29:27.279
Dave, it would triple electricity would
triple. Well, the government wants
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00:29:27.319 --> 00:29:30.240
to go to all EV and these
companies are finally saying they like GM and
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all were on board, and then
now they're saying they just can't. It's
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not probably like they can't do it
as fast as the government wants. The
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government is living in a fantasy world
with those years. Oh, there's no
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question what twelve or thirteen states of
mandated actually will be there. But it
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can't be a ten year process all
of a sudden. No, we're gonna
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have to build the infrastructure where they
didn't care about, they didn't think about.
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00:29:49.119 --> 00:29:52.799
It's ridiculous. And ten years there
will be no more gasoline powered,
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00:29:52.799 --> 00:29:56.400
no more ice internal combustion engines.
Are you kidding me? Now? I'll
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00:29:56.440 --> 00:30:00.839
just power everything with gas powered wind
turbine. First of all, what do
379
00:30:00.920 --> 00:30:04.440
we do without portfolios? We diversify
an allocate, right, Sure, if
380
00:30:04.440 --> 00:30:11.519
we put everything into one one industry
and one stock, one company, Is
381
00:30:11.559 --> 00:30:15.960
that too risky? Of course,
why don't if you put everything into an
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00:30:15.960 --> 00:30:19.279
electric grid, is that not too
risky? Well, you have nothing else
383
00:30:19.319 --> 00:30:25.480
to do. The things that can
go wrong with that unbelievable. I mean,
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00:30:25.519 --> 00:30:27.880
how do you get emergency vehicles there
if we have no electricity? How
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00:30:27.880 --> 00:30:30.880
do we do anything if we have
no electricity? Whatevers? If you need
386
00:30:30.920 --> 00:30:34.720
emergency vehicles and there's multiple emergencies in
one day and they didn't have time to
387
00:30:34.759 --> 00:30:38.279
go back in charge for an hour, a how we do with you did?
388
00:30:38.359 --> 00:30:44.240
Last night? At five o'clock they
closed. There was the power A
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00:30:44.359 --> 00:30:48.799
pole got hit at Pontatok and sunrise
or sunrise now. In fact, one
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00:30:48.799 --> 00:30:52.799
of one of Linda's my wife's friends
was there and got the wires on her
391
00:30:52.799 --> 00:30:56.599
car and had to be rescued by
the fire department. So she was actually
392
00:30:56.599 --> 00:31:00.359
there and the fire the wires came
down, but the line I thought it
393
00:31:00.400 --> 00:31:03.759
was without power, and so they
just shut it down. It's pretty much
394
00:31:03.519 --> 00:31:06.920
the same thing today. You couldn't
even go through it all right, So
395
00:31:07.039 --> 00:31:10.799
let's talk about uh oh that the
intersection was closed on Pridy as well.
396
00:31:11.160 --> 00:31:18.119
Yeah. Wow, obviously what most
people care about what's going to go on
397
00:31:18.160 --> 00:31:22.920
in the markets and stuff. This
is why we always talk about mitigating risk
398
00:31:22.160 --> 00:31:26.599
allocations. We had cast, we
started putting it into a little bit to
399
00:31:26.680 --> 00:31:32.279
work. Will continue to do it. You can't just sit there anymore.
400
00:31:33.240 --> 00:31:37.720
The about where we are in the
in the in the the indexes, the
401
00:31:37.799 --> 00:31:41.599
percentage moves are so much greater,
are there the number of the amount the
402
00:31:41.640 --> 00:31:45.359
moves, The number moves are so
much greater than they used to be.
403
00:31:45.440 --> 00:31:48.400
Yeah, percentage one percent in the
S and P fifty points now, yeah,
404
00:31:48.160 --> 00:31:53.440
nothing used to be five points,
you know, I mean the Dow
405
00:31:53.599 --> 00:31:57.640
Jones up and down six seven hundred
points, it's at forty thousand. Yeah,
406
00:31:59.119 --> 00:32:00.559
it's right. So when we double
that, think about it. But
407
00:32:00.759 --> 00:32:04.799
if you had that stock that went
up ten you had a thousand shares and
408
00:32:04.839 --> 00:32:07.240
went up ten points at downtem point, it's a lot of money. So
409
00:32:07.559 --> 00:32:14.599
you have to realize percentages of allocation
are so important. Right now, we
410
00:32:14.680 --> 00:32:19.000
have been setting on a little more
cash than we've actually then we probably wanted
411
00:32:19.319 --> 00:32:22.799
over the last few months. And
as this pullback has given us an opportunity,
412
00:32:22.920 --> 00:32:24.839
lay Dean said to put our toe
in the water, which we did
413
00:32:24.839 --> 00:32:28.799
a little bit bought a little bit
of the equal weighted S and P five
414
00:32:28.839 --> 00:32:32.880
hundred, which has been lagging.
The rest of the market is up seven
415
00:32:32.920 --> 00:32:37.400
point five percent for the year,
which is about half of what the Nasdaq
416
00:32:37.519 --> 00:32:40.039
is up and about half of what
the S and P is up. And
417
00:32:40.160 --> 00:32:45.880
if the fread raises lower's interest rates, it's going to be another move up
418
00:32:45.880 --> 00:32:49.720
in the market. And that's where
you probably start hearing us again. Mitigate
419
00:32:49.759 --> 00:32:52.839
your risk, take some money off
the table, raise cash, because if
420
00:32:52.839 --> 00:32:57.880
they're going to have to keep lowing
rates, that means the economy is faltering.
421
00:32:57.920 --> 00:33:00.480
And we kind of see it a
little bit. Dave, start seeing
422
00:33:00.519 --> 00:33:04.160
me tell sales, you start seeing
restaurants. You know, the revenues are
423
00:33:04.200 --> 00:33:07.359
going down a little bit because people
just can't afford it. The credit card
424
00:33:07.440 --> 00:33:12.759
debt is up forty four percent,
forty four percent. And my wife,
425
00:33:12.880 --> 00:33:15.359
my wife and I get takeout almost
every night because they're just the two of
426
00:33:15.440 --> 00:33:17.799
us, right, So, and
he used to be about twenty five bucks.
427
00:33:17.960 --> 00:33:21.319
Now you're looking at forty. All
right, you're gonna say it's just
428
00:33:21.319 --> 00:33:23.720
because of the two of us.
One of you used that beautiful kitchen of
429
00:33:23.759 --> 00:33:28.240
yours. Well, we use we
use a little bit. Yeah, how
430
00:33:28.240 --> 00:33:30.720
many times in the five years,
six years, seven years you lived there?
431
00:33:30.799 --> 00:33:34.279
Funny story, Yeah, funny story. We've lived there twelve We've lived
432
00:33:34.319 --> 00:33:38.079
there twelve years, and about three
years ago my wife realized one of the
433
00:33:38.160 --> 00:33:45.599
burners on the stove didn't work.
He's been there nine years and one of
434
00:33:45.640 --> 00:33:49.079
the burners on the stove didn't work. We just realized the first time to
435
00:33:49.119 --> 00:33:51.759
try to cook at your house,
had to get a barberice. There's a
436
00:33:51.799 --> 00:33:53.720
place in the backyard for a built
in barbecue grill, and the one that
437
00:33:53.799 --> 00:33:57.200
was there was kind of nasty.
So I got a new one, and
438
00:33:57.640 --> 00:34:00.519
you never used that. I've heared
the ones us to clean. That's very
439
00:34:00.559 --> 00:34:04.359
clean, and that's one of the
problems my wife is. My wife likes
440
00:34:04.359 --> 00:34:07.720
things very neat, so when you
use the grill, you have to clean
441
00:34:07.799 --> 00:34:09.480
up the grill as if it's like
brand new. And I'm just not going
442
00:34:09.559 --> 00:34:14.440
to go through that. I'm not
either gonna do that. I have people,
443
00:34:14.480 --> 00:34:16.360
I have people that will cook for
me, so I just I'll just
444
00:34:16.400 --> 00:34:20.079
go get it, you know.
But the point is more to do that
445
00:34:20.159 --> 00:34:22.400
now. The point is it used
to be twenty five bucks. Now it's
446
00:34:22.400 --> 00:34:23.840
forty Dan, what did you say
the credit card that was up forty four
447
00:34:23.840 --> 00:34:28.000
percent? And that's not even including
all the afterpayd the ghost that we talk
448
00:34:28.199 --> 00:34:30.719
the phantom debt that just talks about
now right, that's insane. No,
449
00:34:30.920 --> 00:34:36.960
it's gonna you know, it's gonna
come home eventually, and it's going to
450
00:34:37.039 --> 00:34:38.840
hurt. And that's when you'll have
that little recession if we don't have an
451
00:34:38.840 --> 00:34:43.599
economy that's spurred on. I don't
want an economy that's spurred on by government
452
00:34:43.679 --> 00:34:46.440
spending. I don't want a bigger
government. I want a smaller government.
453
00:34:46.519 --> 00:34:51.239
We already had that after COVID.
That's what spurred on the economy, was
454
00:34:51.280 --> 00:34:53.239
the government spending all the money.
And now that's why we have record debt.
455
00:34:53.320 --> 00:34:57.599
And that's why you're looking like you
might need to raise taxes later on,
456
00:34:57.760 --> 00:35:00.119
because you have to pay for the
debt somehow. It can't just go
457
00:35:00.199 --> 00:35:01.920
to this guy, which right now
it seems like that's all they don't care.
458
00:35:02.199 --> 00:35:06.000
More and more young people. When
I say young people from twenty five
459
00:35:06.000 --> 00:35:08.800
to forty five years old, I've
been talking to a lot of them.
460
00:35:09.079 --> 00:35:12.960
Obviously, I've gone to some of
my kids. They've had parties. Their
461
00:35:12.960 --> 00:35:16.440
friends are there. They're hurting,
and they're making pretty good money, a
462
00:35:16.440 --> 00:35:20.320
lot of them in one hundred,
one hundred and fifty two hundred thousand range.
463
00:35:20.519 --> 00:35:22.760
And they're hurting with the kids,
and they're like, this has got
464
00:35:22.800 --> 00:35:24.880
to stop. I said, well, there's only one way to stop it.
465
00:35:25.239 --> 00:35:28.760
They go, we're already doing it. There's no way we can vote
466
00:35:29.000 --> 00:35:31.159
for Biden at the time. And
now Harris, it's got to be Trump
467
00:35:31.239 --> 00:35:37.840
because they are realizing the economy is
so important, so important that if they
468
00:35:37.840 --> 00:35:42.199
don't get that our debt down,
or they don't get taxes under control,
469
00:35:42.400 --> 00:35:45.199
and we stop spending money in areas
that are not benefiting us, and stop
470
00:35:45.280 --> 00:35:50.840
giving away free, free loans to
people that take them out and don't realize,
471
00:35:51.840 --> 00:35:53.519
then they do it. So I
said, you better go vote.
472
00:35:53.639 --> 00:35:58.400
We'll be back. It's the Money
Matter Show. Thanks for listening. Welcome
473
00:35:58.400 --> 00:36:00.719
back everybody to the Money Matter of
Shit. Know, we do really appreciate
474
00:36:00.760 --> 00:36:04.239
your listening. If you want to
listen more, I want to go back
475
00:36:04.280 --> 00:36:09.239
and and and and check something.
H you want to hear another monologue or
476
00:36:09.280 --> 00:36:12.840
see if we were right on certain
things. All you have to do is
477
00:36:12.880 --> 00:36:16.079
go to our website. Go onto
the YouTube page. There's information. But
478
00:36:16.199 --> 00:36:20.280
you have all the radio shows,
all the TV shows on there. Uh,
479
00:36:20.639 --> 00:36:23.480
pick and choose which one you want
and listen and stop and come back
480
00:36:23.480 --> 00:36:28.960
and listen or put it on a
podcast. We're on every single platform of
481
00:36:29.000 --> 00:36:32.039
the podcast, whether it's Apple,
whether it's Spotify, one of the other
482
00:36:32.079 --> 00:36:36.679
ones. I'll know, Amazon,
you know. But you just go to
483
00:36:36.880 --> 00:36:43.199
Money Matters, Money Matters with Dean
Greenberg. Yeah, YouTube show too.
484
00:36:43.360 --> 00:36:45.239
Get all of our TV shows us
and the most important ones. Yeah,
485
00:36:45.239 --> 00:36:47.880
we won't be on the TV for
about a month because of the We're gonna
486
00:36:47.880 --> 00:36:52.920
pre empted for the Olympics. The
Olympics, which one of my favorite.
487
00:36:52.960 --> 00:36:58.159
What's the time difference? Maybe you
would know more. He's the traveler over
488
00:36:58.159 --> 00:37:02.679
here, I'm thinking, I'm thinking
sick. No, it's it's a shin.
489
00:37:04.119 --> 00:37:08.079
That's true sh New York. So
yeah, nine that makes somewhere in
490
00:37:08.079 --> 00:37:13.159
the world is six hour difference.
And it's the East. Opening ceremonies are
491
00:37:13.280 --> 00:37:17.840
Friday night. They were opening ceremonies
are already on, already happens. Yeah,
492
00:37:17.880 --> 00:37:22.480
and uh, getting going having some
fun. I think that like the
493
00:37:22.480 --> 00:37:25.559
summer Olympics or the winter Olympics better
summer like Summer Olympics better. Yeah,
494
00:37:27.360 --> 00:37:30.719
and then we get the Summer Olympics
in twenty eight, the United States at
495
00:37:30.719 --> 00:37:34.239
the Winter Olympics in thirty two,
we get the winter thirty four. Wow.
496
00:37:34.320 --> 00:37:36.760
Yeah, going back to Salt Lake
City. Its good stuff, a
497
00:37:36.800 --> 00:37:39.920
lot of fun nine hours sporting events. Yeah, nine hour difference. Did
498
00:37:39.920 --> 00:37:45.280
you talk about that inversion? Really
get down the the inversion that we've been
499
00:37:45.320 --> 00:37:51.559
dealing with for a historically long period
of time, that being when short term
500
00:37:51.599 --> 00:37:54.679
rates are higher than long term rates, and that's coming down getting close to
501
00:37:54.960 --> 00:38:00.000
I think we're nineteen basis points last
what I read, which is really getting
502
00:38:00.000 --> 00:38:02.440
and that's the lot we've seen it
in a couple of months. And so
503
00:38:02.519 --> 00:38:07.199
let me ask you all the question. If we the inverted ye O curve
504
00:38:07.199 --> 00:38:13.719
that's supposed to start a recession and
the recession doesn't happen, becomes uninverted,
505
00:38:14.000 --> 00:38:16.440
does that mean that we don't have
the recession? There you, it means
506
00:38:16.440 --> 00:38:22.119
that indications didn't work. Indicator indicator
just didn't work, is what it is.
507
00:38:22.800 --> 00:38:25.400
It doesn't necessarily then that's never been
the end all be all. Just
508
00:38:25.559 --> 00:38:30.599
happened during it led up to other
recessions, but it doesn't mean that's the
509
00:38:30.599 --> 00:38:34.920
only indication. So do you think
that it becomes uninverted if that's such a
510
00:38:34.960 --> 00:38:40.000
word, that we still can't have
a recession, recession act, a normal
511
00:38:40.239 --> 00:38:45.199
curve. Absolutely. Yeah. It's
because the Fed has to play this game
512
00:38:45.239 --> 00:38:49.519
of knowing when it's time to lower
rates, and if they do it too
513
00:38:49.559 --> 00:38:53.719
soon, then that's what happened.
I'm not sure it's too soon right now.
514
00:38:53.719 --> 00:38:58.320
It's more the mindset of it.
I think. I think the idea
515
00:38:58.719 --> 00:39:02.639
is they're going to lower it September. It's getting more and more that they're
516
00:39:02.639 --> 00:39:06.280
going to lower it in September,
And now on Friday we heard that they're
517
00:39:06.280 --> 00:39:08.880
going to do three drops. Yeah, the Fed funds future rates are pricing
518
00:39:08.880 --> 00:39:12.480
in a one hundred percent chance of
three rate cuts and I was like,
519
00:39:12.559 --> 00:39:15.360
dang, really, that's crazy.
Twenty four. That means there's things that
520
00:39:15.440 --> 00:39:20.079
are going on behind the scenes.
That's what I been saying. That means
521
00:39:20.119 --> 00:39:23.519
if they're about in the numbers,
but I promise you we will have we
522
00:39:23.559 --> 00:39:27.920
will have the worst relay if Trump
gets in, those numbers will turn to
523
00:39:27.960 --> 00:39:31.840
be so bad so quickly that that
they'll say, you see Trump got it.
524
00:39:31.920 --> 00:39:36.079
Look what's happening. I think a
lot of people miss they have a
525
00:39:36.079 --> 00:39:38.239
missed idea about interest rates though,
because when we say it's one hundred percent
526
00:39:38.320 --> 00:39:40.679
chance of rate cuts three three of
them by the end of the year,
527
00:39:40.960 --> 00:39:45.039
that's already priced into the markets.
So just because the Fed actually does lower
528
00:39:45.079 --> 00:39:47.840
the rates does not mean that rates
are going to get lowered again the market
529
00:39:49.840 --> 00:39:52.559
mortgage rates will come down. Well, what hurts the markets during that time
530
00:39:52.840 --> 00:39:58.239
of mortgage rates aren't affected by the
FED, that's right, yeah, yeah,
531
00:39:58.320 --> 00:40:02.280
but they but the your rates that
you're paying on loans and stuff adjustables,
532
00:40:02.280 --> 00:40:06.599
they all come down, which they
already have because the tenure has already
533
00:40:06.639 --> 00:40:10.519
come down over the last month.
Because they're tied anticipate to they're tied to
534
00:40:13.519 --> 00:40:15.840
different indicators from the Fed too.
The Fed is the dog the whales attack,
535
00:40:16.000 --> 00:40:17.880
right. I used to be tied
to the prime rate, and then
536
00:40:17.960 --> 00:40:21.840
the prime rate moves when the FED
moves. But you're right, tied.
537
00:40:22.000 --> 00:40:24.880
The interest rates have come down rather
noticeably. I mean the ten years up
538
00:40:24.880 --> 00:40:29.000
four point one nine. Yeah,
it was five. Yeah, So that
539
00:40:29.079 --> 00:40:31.039
that is your three cuts, right
are seventy five base points, right,
540
00:40:31.039 --> 00:40:36.360
So the market is already anticipating.
That's why we've seen the small caps take
541
00:40:36.400 --> 00:40:39.679
off. Right, small caps take
They have an advantage, as Dean says,
542
00:40:39.719 --> 00:40:45.199
when loans prices get I mean loan
charger interest rates get lowered, they
543
00:40:45.199 --> 00:40:46.880
can grow up more. I was
looking back at the end of June.
544
00:40:47.039 --> 00:40:52.000
At the end of June, the
Nasdaq was up I believe you're today eighteen
545
00:40:52.079 --> 00:41:00.920
percent and the Russell was up.
One Friday, the Nasdaq is up fifteen
546
00:41:00.760 --> 00:41:06.400
and the Russell is up twelve.
Wow. How's that for a rally?
547
00:41:06.559 --> 00:41:07.679
Yeah, and it's really been over. It feels like three and a half
548
00:41:07.719 --> 00:41:12.920
weeks. It hasn't been like two
months. Like you know, she's very
549
00:41:12.960 --> 00:41:15.239
loaded, you know, like you're
say, in the last couple of weeks,
550
00:41:15.239 --> 00:41:20.199
Why, yes, took off that
we've been but two Okay, we
551
00:41:20.320 --> 00:41:22.960
use the indexes for that. That's
so much individual stocks, Oh absolutely,
552
00:41:23.119 --> 00:41:31.079
especially especially that's because would you rather
buy a Microsoft an Apple that is pulled
553
00:41:31.119 --> 00:41:35.800
back that that's earnings. Would you
rather buy a company for that matter,
554
00:41:35.840 --> 00:41:38.760
that has earnings, or do you
rather buy a company that doesn't have earnings?
555
00:41:38.800 --> 00:41:42.719
Lost a dollar fifty for the last
year. But yeah, it's gonna
556
00:41:42.719 --> 00:41:46.320
probably go up forty and you don't
know which one of those companies is gonna
557
00:41:46.519 --> 00:41:51.199
gonna be so that the russell is
two thousand. Sure. That also depends
558
00:41:51.199 --> 00:41:52.880
on how old the person is that
you just asked that question too. If
559
00:41:52.880 --> 00:41:55.480
you're thirty, I'm sure they're going
to try and pick the stock that goes
560
00:41:55.559 --> 00:42:00.920
up one thousand percent. Apple.
The question the opportunity, How do you
561
00:42:00.039 --> 00:42:04.440
do that unless it's technical. Yeah, I'm just saying. But if you're
562
00:42:04.440 --> 00:42:06.639
a guy, somebody you're talking to
who's retired. We talked to a lot
563
00:42:06.679 --> 00:42:09.039
of retired people. They're not gonna
want to hit some small cap company try
564
00:42:09.079 --> 00:42:13.400
and guess which one's gonna take off. They're gonna buy the pullback. They're
565
00:42:13.400 --> 00:42:15.599
gonna want to buy the pullback of
a company that's already made it, like
566
00:42:15.639 --> 00:42:19.559
an Apple. A lot of the
new investors that are in their thirties and
567
00:42:19.920 --> 00:42:23.400
twenties they invest on hype, right
which they see something in the news,
568
00:42:23.480 --> 00:42:28.000
Oh, game stocks going crazy,
Oh this AI is going crazy, and
569
00:42:28.000 --> 00:42:30.079
then that's why they invest in it. There's not really a thesis on why
570
00:42:30.119 --> 00:42:34.760
they are going to be a valuable
company in the future or technical analysis.
571
00:42:34.760 --> 00:42:37.639
They don't even know what that is. So I think most of the time
572
00:42:37.679 --> 00:42:39.480
these retail investors are just working on
hype, you know, whatever they see
573
00:42:39.480 --> 00:42:42.480
in the news, especially in the
last four years. I mean in twenty
574
00:42:42.480 --> 00:42:45.960
twenty, we saw those twelve hundred
dollars checks get deposited in the robin Hood
575
00:42:45.039 --> 00:42:49.360
and that's why we saw a bunch
of those penny stocks just skyrocket, and
576
00:42:49.440 --> 00:42:52.199
all the spacks that were going public
just skyrocket because they're just throwing twelve hundred
577
00:42:52.199 --> 00:42:55.000
dollars in there and not really knowing
what they're doing. They're just seeing it
578
00:42:55.000 --> 00:42:58.920
on Reddit or something like that.
Yeah, people out here selling naked call
579
00:42:58.960 --> 00:43:01.800
options having no idea what it is. And my experience, my experience has
580
00:43:01.840 --> 00:43:07.000
been that the average person doesn't pay
much attention to the stock market. No,
581
00:43:07.119 --> 00:43:09.039
but it also is my experience that
the average person thinks they know more
582
00:43:09.519 --> 00:43:14.440
than the average person about the stock
market. I don't know about that,
583
00:43:14.559 --> 00:43:17.360
but there are people out there that
do it themselves. And what we've said
584
00:43:17.400 --> 00:43:21.239
before is if you can cut your
own hair, you don't need a barber,
585
00:43:21.719 --> 00:43:23.079
right, And I would say if
you took a group of those people,
586
00:43:23.199 --> 00:43:27.719
a lot don't actually aren't doing as
good as they think they're doing.
587
00:43:27.719 --> 00:43:30.880
I mean, you and I are
talking last week about eighty percent of the
588
00:43:30.960 --> 00:43:34.840
population does not pay any attention to
politics. Eighty percent. Yeah, And
589
00:43:34.880 --> 00:43:37.800
it's also confirmation bias. If you're
the one managing your on portfolio, you
590
00:43:37.840 --> 00:43:40.199
don't want to say that you could
have done better. The TV audience for
591
00:43:40.320 --> 00:43:45.599
the Republican National Convention was twice what
it was four years ago, up to
592
00:43:45.679 --> 00:43:50.760
seven percent. I mean, honestly, that the people don't most people are
593
00:43:50.800 --> 00:43:53.280
not interested in politics. Well,
that'd be interesting to see what the Democratic
594
00:43:53.800 --> 00:43:58.159
watch is now. It will Yeah, there's going to be a debate between
595
00:43:58.159 --> 00:44:00.920
the two. Oh yeah, yeah, what do you think there will be?
596
00:44:01.000 --> 00:44:05.840
But he's not going to just concede
to her and let CNN or somebody
597
00:44:05.840 --> 00:44:07.559
else do it. He's gonna be
Hey, you don't think the Democratic Party
598
00:44:07.559 --> 00:44:12.119
doesn't want the debate. I feel
like they would try to shy away from
599
00:44:12.159 --> 00:44:15.159
that. No, he said that
he will debate her multiple times before the
600
00:44:15.199 --> 00:44:17.960
election, I know, And then
she said I wanted to debate him.
601
00:44:19.000 --> 00:44:21.280
I called him and said I would, and then he kind of back tailed
602
00:44:22.079 --> 00:44:29.400
rights, right, and that if
they have to debate, because otherwise she's
603
00:44:29.400 --> 00:44:31.639
dead, you have to he's got. Yeah, absolutely, they've got to
604
00:44:31.679 --> 00:44:35.880
take this shot. Yeah, they
have to, but they they're probably trying
605
00:44:35.920 --> 00:44:37.840
to push it off as long as
possible because like she just got in,
606
00:44:37.079 --> 00:44:39.800
Like the Democratic grategerer said, if
the election were to day, she had
607
00:44:39.800 --> 00:44:44.239
live in a landslide. So they've
got to do something. They've got to
608
00:44:44.280 --> 00:44:46.559
be proactive. Anybody knows that,
and that's why he wants it on his
609
00:44:46.719 --> 00:44:51.519
terms this time. Oh absolutely.
I mean I actually thought that they did
610
00:44:51.559 --> 00:44:54.519
a good job with the questions they
asked. But you know, they don't.
611
00:44:54.639 --> 00:44:57.840
They didn't want an audience. They
didn't want this, they didn't want
612
00:44:57.840 --> 00:45:00.639
that. I mean, bottom line, they Okay, you had yours your
613
00:45:00.679 --> 00:45:04.440
device, friend, I'm running,
I was president. I want it on
614
00:45:04.480 --> 00:45:07.800
my terms. Now let's do it
with a Fox audience. Yeah, we
615
00:45:07.840 --> 00:45:12.119
always forget Trump as the next president. Right, they do one of Fox
616
00:45:12.119 --> 00:45:14.960
and they want to CNN. Well, they could do what he wants the
617
00:45:14.960 --> 00:45:17.440
next one with him. Here's the
thing, whatever's one in September. That's
618
00:45:17.440 --> 00:45:21.639
really the last one that matters because
if you have in October, people have
619
00:45:21.719 --> 00:45:24.639
already made up their minds and uh
and probably voted already. Well, as
620
00:45:24.639 --> 00:45:28.400
we were saying the CNN debate was
like one of its first of its kind,
621
00:45:28.519 --> 00:45:31.760
that it was actually brought on by
news, by the Democratic Party that
622
00:45:31.800 --> 00:45:36.000
wanted to get rid of Biden.
You think, oh, yeah, they
623
00:45:36.000 --> 00:45:37.320
don't. You don't. It was
as easiest way to get rid of them
624
00:45:37.320 --> 00:45:40.559
without them saying, oh, you're
deteriorating, you need to get out of
625
00:45:40.559 --> 00:45:45.000
here. Yeah. I really was
downhill from that night. Yes, And
626
00:45:45.039 --> 00:45:47.679
they beat them up hard, and
all the pundits beat them up, Dave,
627
00:45:49.159 --> 00:45:53.119
all the It's amazing to me watching
the whole media and all the left
628
00:45:53.679 --> 00:46:00.480
congress people and all the all the
uh, the commentary. They all have
629
00:46:00.559 --> 00:46:04.760
the same key words. It's almost
like they all are the same texts here.
630
00:46:04.880 --> 00:46:07.719
These are the words you're gonna use. She was not bizarre border.
631
00:46:07.280 --> 00:46:13.639
Okay, it's the it's the prosecutor
versus the convicted felon. It's this,
632
00:46:13.719 --> 00:46:15.000
it's this, it's this, it's
this. They all say the same thing,
633
00:46:15.119 --> 00:46:17.480
same on the other side. It
was the greatest, It was the
634
00:46:17.559 --> 00:46:21.880
greatest speech ever. That was the
best way to go out. I got
635
00:46:21.920 --> 00:46:23.119
tears in my eyes. How many
of them have to tell you they have
636
00:46:23.159 --> 00:46:28.280
tears in their eyes. It's ridiculous. Oh you heard last week was DEI
637
00:46:28.400 --> 00:46:31.400
higher right? Right? Yeah,
And you heard that from people from senators,
638
00:46:31.440 --> 00:46:37.159
from congressmen, from companiors all different
states. Companies are just getting rid
639
00:46:37.199 --> 00:46:38.280
of that on their own. It's
not politics that's getting rid of that.
640
00:46:38.320 --> 00:46:42.079
They're seeing that. They want to
get rid of it because it's not helping
641
00:46:42.119 --> 00:46:45.079
their company. That's what I've been
trying to say. All their policies do
642
00:46:45.159 --> 00:46:49.639
not work. But people hate Trump. They don't even want to listen.
643
00:46:50.000 --> 00:46:53.800
They believed I. No, it's
not equal period, it's not get it
644
00:46:53.840 --> 00:46:58.559
on your merit. Do I think
they need more opportunities for education, Yes,
645
00:46:59.000 --> 00:47:02.800
take advantage of them. Don't lower
the bar. Bring everybody over the
646
00:47:02.800 --> 00:47:07.920
ball. Trump run against abt anybody
but Trump, and that you can as
647
00:47:07.920 --> 00:47:12.199
evidence of that. He had Biden
and he drops out. And here's his
648
00:47:12.639 --> 00:47:15.639
number is about the same. But
here's the difference. Four years ago,
649
00:47:15.159 --> 00:47:19.760
nobody wanted, they were embarrassed and
did not want to say they were voting
650
00:47:19.760 --> 00:47:22.199
for Trump even they wanted them.
This time, people are shouting from the
651
00:47:22.239 --> 00:47:28.239
rooftops, vote for Trump or else. You know, that's where the difference
652
00:47:28.360 --> 00:47:30.559
is. You're not afraid to say
you're voting for Trump. Now we'll be
653
00:47:30.599 --> 00:47:35.679
back. It's some money by the
show. Thank you for listening. Welcome
654
00:47:35.719 --> 00:47:38.119
back to the Moneymatter Show. We
are on the second hour of Dylan Greenberg.
655
00:47:38.159 --> 00:47:42.880
I'm here with Dave Sherwood, Todd
Glick, and Sebastian Borsini and Dean
656
00:47:42.880 --> 00:47:45.480
Greenberg. For those of you just
tuning in. Last week, the Dow
657
00:47:45.599 --> 00:47:49.880
is up point seven percent, the
S and P five hundred was down point
658
00:47:49.880 --> 00:47:52.639
eight percent, the NASDAK was down
two point one percent, the Russell two
659
00:47:52.719 --> 00:47:55.960
thousand was up three point four percent, and the RSP, which is the
660
00:47:57.000 --> 00:47:59.840
equal way to S and P five
hundred, was up point eight percent.
661
00:48:00.440 --> 00:48:02.960
So we're continuing to see the shift
into small cap, in mid cap and
662
00:48:04.440 --> 00:48:07.559
more broad market rather than concentrated in
those tech stocks which have taken off,
663
00:48:07.679 --> 00:48:13.000
I mean in videos down fifteen percent
from its eyes recently. I'm gonna say,
664
00:48:13.000 --> 00:48:15.960
if you've been looking for a place
to buy Nvidio, to buy a
665
00:48:16.079 --> 00:48:22.119
broadcom, to buy AMD, they've
all come down hard. It didn't last
666
00:48:22.239 --> 00:48:25.559
very long, well, I didn't. In the video opportunity I think you
667
00:48:25.599 --> 00:48:30.920
had. Like Thursday morning, it
dropped pretty big and then like ONEIX.
668
00:48:30.000 --> 00:48:34.599
Yeah, I didn't recovery around one
thirteen. It's what I'm saying, down
669
00:48:34.639 --> 00:48:37.320
from one hundred and forty, How
quick that thing moves. Yeah, and
670
00:48:37.320 --> 00:48:38.719
it's a stock that like, if
you've been waiting for an opportunity, this
671
00:48:38.760 --> 00:48:42.440
looks like it's one. To get
your feet wet. Don't try and go
672
00:48:42.519 --> 00:48:44.840
all in because it could go down
under one hundred. Oh. I also
673
00:48:44.880 --> 00:48:46.639
could never see one fifteen again.
It could just go up forever. Yeah,
674
00:48:46.719 --> 00:48:50.719
there's like no and it moves quick, So get you want some dry
675
00:48:50.760 --> 00:48:52.679
powder on the side. That was
a gap in the chart around ninety five,
676
00:48:52.719 --> 00:48:55.920
and I'm thinking that would be worst
case scenario down to ninety five.
677
00:48:55.960 --> 00:49:00.760
But uh, like Dylan just said, it can be one third thirty five
678
00:49:00.760 --> 00:49:02.440
in a heartbeat. All they have
to do say something. Their business is
679
00:49:02.639 --> 00:49:13.719
killing killing it still and comments from
Zuckerberg and Elon Musko last week confirming that
680
00:49:13.719 --> 00:49:17.480
that inn Vidia is just going nuts. The demand for their product continues to
681
00:49:17.519 --> 00:49:22.599
be just off the charts, but
that there's been a rotation away from that
682
00:49:22.920 --> 00:49:30.760
semiconductor area temporarily. AI has not
gone away. AI chips have not gone
683
00:49:30.800 --> 00:49:37.000
away. The companies are going to
benefit from that meta uh in vidio A,
684
00:49:37.199 --> 00:49:42.480
MD, Broadcom. Those those stocks
have all come come in ten fifteen
685
00:49:42.519 --> 00:49:44.800
percent. There was a little bit
of a discount, a little bit of
686
00:49:44.840 --> 00:49:47.440
a sale going on, and I'd
say AI hasn't gone away, but the
687
00:49:47.440 --> 00:49:51.760
profitability of AI also has not come
yet. It has not come, and
688
00:49:51.760 --> 00:49:54.599
that's what's hurting them, and that's
what hurt yep predominantly Google, right,
689
00:49:54.639 --> 00:50:00.079
I mean, Google didn't reported fine
earnings, but they didn't. They they
690
00:50:00.079 --> 00:50:01.960
spend too much on AI, so
they didn't have the money coming in to
691
00:50:02.039 --> 00:50:06.559
offset that, and investors didn't like
that. But again, like you said,
692
00:50:06.639 --> 00:50:08.519
you need to build out your platform. So yeah, you're gonna have
693
00:50:08.599 --> 00:50:12.760
upfront costs, and if with a
quality company like Google, that's probably a
694
00:50:12.760 --> 00:50:15.800
good opportunity because once they have it
built out, they're gonna be fine.
695
00:50:15.840 --> 00:50:19.280
I mean, think about Meta last
couple of years. They put twenty billion
696
00:50:19.320 --> 00:50:23.119
dollars roughly in the last two years
into AI, into the metaverse, augmented
697
00:50:23.719 --> 00:50:27.760
vendors, reality, all that stuff
they kept putting money into, and their
698
00:50:27.800 --> 00:50:30.280
earnings for those times when they kept
saying we're gonna take a nine billion dollars
699
00:50:30.320 --> 00:50:32.440
hit on this, drop drop drop, their stock dropped and now that's in
700
00:50:32.480 --> 00:50:36.280
the past. It was they had
to build the platform, and now they're
701
00:50:36.280 --> 00:50:37.719
moving forward, and their stocks sat
at all time. Himes Meta dropped from
702
00:50:37.800 --> 00:50:40.880
like three hundred to sub one hundred
and came back real quick. To be
703
00:50:40.920 --> 00:50:45.440
fair, they did kind of say
they're gonna stop investing virtuality because it wasn't
704
00:50:45.440 --> 00:50:46.920
as good as they thought. I
don't think the AI is gonna have the
705
00:50:46.920 --> 00:50:51.840
same horizon as virtual reality. I
think AI is a lot more profitable than
706
00:50:51.920 --> 00:50:54.840
what virtuality had the potential to be. And that's again why these quality companies
707
00:50:54.880 --> 00:50:58.679
that are building it out. If
you have an opportunity to when they're selling
708
00:50:58.719 --> 00:51:01.719
off and you're buying in when they're
building these things out. I remember,
709
00:51:01.800 --> 00:51:05.760
yeah, with Google as an example, we bought it. There's a pullback
710
00:51:05.800 --> 00:51:07.159
a few months ago, it was
like down to one to twenty, pull
711
00:51:07.199 --> 00:51:10.119
back for one thirty five. We
use that as buy an opportunity, shall
712
00:51:10.159 --> 00:51:13.800
the way up to one eighty.
Now it's back to one sixty five roughly,
713
00:51:14.639 --> 00:51:16.960
where's buy an opportunity once? If
you're been watching it and looking at
714
00:51:17.000 --> 00:51:20.840
it, it might be time to
start going in. Another great example is
715
00:51:20.840 --> 00:51:23.239
Apple. Right they're report earnings in
six days next week, and that's going
716
00:51:23.280 --> 00:51:27.559
to be a really interesting one,
potentially what they say about AI every single
717
00:51:27.599 --> 00:51:30.199
earnings report with Apple, we're going
to be looking what's the AI with their
718
00:51:30.239 --> 00:51:32.760
iPhones coming up? When, when's
it coming out? When's it doing it?
719
00:51:32.800 --> 00:51:37.639
And it's obviously still probably a year
away, but as we get closer
720
00:51:37.639 --> 00:51:40.039
and closer, that stocks gonna be
really interesting to watch. How that comes
721
00:51:40.039 --> 00:51:44.280
that supercycle, right that we all
super cycle? Yeah, you get you
722
00:51:44.320 --> 00:51:47.039
get AI capability and the iPhone.
Everybody's gonna want one of those. I'm
723
00:51:47.039 --> 00:51:50.519
trade of my phone in Yeah,
absolutely, I mean they're all going they're
724
00:51:50.559 --> 00:51:52.480
all going in. Right. My
wife's sitting with an eleven that she's perfectly
725
00:51:52.480 --> 00:51:55.760
happy with. That'll change, Yeah, you know for sure once the AI
726
00:51:55.840 --> 00:51:59.760
capability comes, right, Clinda,
once some AI on her phone, I'm
727
00:51:59.760 --> 00:52:02.440
guess so you would think that those
would be record iPhone sales. That's like,
728
00:52:02.519 --> 00:52:06.840
that's like the jump from the first
iPhone to like the fifth iPhone,
729
00:52:06.880 --> 00:52:10.440
those generation jumps, right, it
makes a huge difference. Uh. This
730
00:52:10.480 --> 00:52:14.920
week, we did have the PCEE
come in. Thanks for mentioning. I
731
00:52:14.960 --> 00:52:17.119
was going to say that was probably
the most significant news of the week,
732
00:52:17.440 --> 00:52:22.000
and the market didn't really care because
it came in a little above expectations,
733
00:52:22.039 --> 00:52:25.320
which should have put some pressure on
the market, but we had interest rates
734
00:52:25.360 --> 00:52:30.159
fall though I was right. It
was exactly what was expected. Up point
735
00:52:30.199 --> 00:52:34.360
one for the expected to fall,
and two point it went up. Up
736
00:52:34.400 --> 00:52:37.840
point one, up point one for
the month. We two point went about
737
00:52:37.880 --> 00:52:44.360
more percent or a year over year. Absolutely according to the Kramer and CNBC,
738
00:52:44.480 --> 00:52:46.599
it was exactly what was expected.
And the Dow responded with an eight
739
00:52:46.719 --> 00:52:52.239
hundred point rally. So the Dows
rallied eight hundred points after that news.
740
00:52:52.360 --> 00:52:58.320
Why god, there's point one actual
point two No not. According to CNBC,
741
00:52:58.440 --> 00:53:01.159
they said dal Jones expected point one
percent increase. Yeah, point one
742
00:53:01.239 --> 00:53:05.320
was anyway, make a long story
short, The market rallied eight hundred points,
743
00:53:05.320 --> 00:53:07.920
so that tells me that was exactly
what they expected, and they were
744
00:53:07.960 --> 00:53:14.000
relieved at fifty nine point rally in
the S and P five hundred, pretty
745
00:53:14.480 --> 00:53:21.280
pretty strong on the On the economy, existing home sales down five point four
746
00:53:21.320 --> 00:53:25.159
percent in June versus May. As
we're slowly starting to see a shift away
747
00:53:25.199 --> 00:53:29.880
from the saler's market. I know
here in town there are for sale signs
748
00:53:29.880 --> 00:53:34.079
I'm seeing now that I've seen from
a couple of months. They're saying it's
749
00:53:34.119 --> 00:53:37.320
shifting over to a buyer's market now
all over the country. Longer sale time,
750
00:53:37.360 --> 00:53:44.320
fewer offers, signs staying up noticeably
longer. We got second quarter GDP
751
00:53:44.480 --> 00:53:47.519
which was two point eight percent,
which was stronger than expected. Next week
752
00:53:47.559 --> 00:53:52.320
we got the FED interest rate decision
on Wednesday, with the presser following that,
753
00:53:52.119 --> 00:53:55.039
and then we get the unemployment rate
and non farm payrolls on Friday.
754
00:53:55.119 --> 00:53:58.960
Yeah, Wednesday is a FED Wednesday, the two day meeting, right,
755
00:53:59.199 --> 00:54:02.159
yep, and that are expected the
whole study for this one. Yeah,
756
00:54:02.199 --> 00:54:05.960
this is this is the August meeting, right, So that's the I'm here
757
00:54:05.960 --> 00:54:09.880
and talk about. It's technically July
July thirty first, Yeah, that's for
758
00:54:10.039 --> 00:54:15.199
Wednesday. That's my wedding annivers shodow, I know what day is. And
759
00:54:15.280 --> 00:54:17.760
then the next day, which is
interesting, we had the Bank of England
760
00:54:17.800 --> 00:54:22.639
making their rate decisions. So how
Europe is doing their pretty much all central
761
00:54:22.639 --> 00:54:27.199
banks are in their rate cutting cycle, fifty of them right now, and
762
00:54:27.239 --> 00:54:30.639
they're all signaling that they're going to
do it. But the one who's actually
763
00:54:30.719 --> 00:54:35.119
raising rates Russia's Central Bank for Yeah, they have inflation all of a sudden.
764
00:54:35.360 --> 00:54:38.639
It's hilarious. Yeah, we would. I think probably the interest tricks
765
00:54:38.679 --> 00:54:43.880
are cut are coming. We're starting
to see, as Dean mentioned the economy
766
00:54:43.960 --> 00:54:49.920
week in a bit, we uh. Most of the corporate reports that have
767
00:54:50.000 --> 00:54:57.320
come out have had guidance that was
tempered to disappointing. I saw one on
768
00:54:57.400 --> 00:55:01.599
Friday from a company called Dexcom.
Dexcom is a medical device company. It's
769
00:55:01.679 --> 00:55:08.360
dropped forty percent to the lowest level
since the pandemic. Wow. Right after
770
00:55:08.360 --> 00:55:14.480
the company posted a second quarter minute, dex Com also lowered their fiscal full
771
00:55:14.559 --> 00:55:17.199
year revenue guidance. And I'm thinking, gee, I wonder what business they're
772
00:55:17.239 --> 00:55:22.559
in. Here's the business they're in. They make glucose monitors and would be
773
00:55:22.760 --> 00:55:27.159
GLP one. You don't need them
anymore, not a lot of people buying
774
00:55:27.199 --> 00:55:30.719
glue coost monitors anymore. I saw
that ticker early on Friday and it was
775
00:55:30.719 --> 00:55:34.039
down forty percent. I was wondering, why, so thanks for due diligence
776
00:55:34.079 --> 00:55:37.280
there, glue cost Monitors said three
M How about three am one of the
777
00:55:37.360 --> 00:55:40.960
worst performing dallastocks in twenty two and
twenty three, near the top of the
778
00:55:42.000 --> 00:55:45.679
list now right up sixteen percent year
to date. Jumped another sixteen percent on
779
00:55:45.719 --> 00:55:51.280
Friday, new fifty two week guy
strong earnings and they raised their guidance.
780
00:55:52.119 --> 00:55:54.599
So three M is starting to hit
on all cylinders for the first time in
781
00:55:54.719 --> 00:55:58.719
years. The new CEO has been
killing it. Yep, they took it
782
00:55:58.920 --> 00:56:01.239
for the OCO who's there six years. You shift in the way they work.
783
00:56:01.280 --> 00:56:06.679
They want to centralize their supply chain
more so than put it all over
784
00:56:06.719 --> 00:56:10.199
everywhere. Speaking of that, I
was reading an analyst report on early last
785
00:56:10.199 --> 00:56:15.880
week and how what an interesting take. His take was that Nvidia employees are
786
00:56:15.920 --> 00:56:21.960
all millionaires or multimillionaires because of what
the stock has done, and they're all
787
00:56:22.079 --> 00:56:27.159
lazy, not working, not contributing. Its days are numbered. That was
788
00:56:27.199 --> 00:56:30.400
his thesis. I mean, it's
an interesting thesis because everybody working there's a
789
00:56:30.400 --> 00:56:34.199
millionaire, so they don't care anymore. These stock options the minute, Like
790
00:56:34.239 --> 00:56:36.719
what if the minute those all become
vested, they just leave. Yeah,
791
00:56:36.760 --> 00:56:39.079
I'm thinking if you've got stock options
or not not yet vested, you care.
792
00:56:42.079 --> 00:56:45.880
He's resuming everybody's vested and can sell
at any minute. And I don't
793
00:56:45.920 --> 00:56:50.440
think that's probably true. Also,
there'd be some fairly significant capital games that
794
00:56:50.480 --> 00:56:52.519
would be incurred if they were just
started up with it. But it is
795
00:56:52.559 --> 00:56:58.079
a real interesting thesis. You see
a Viking Therapeutics. Let's talk about that
796
00:56:58.119 --> 00:57:01.039
a little bit because that is so
weird. Yeah, they jumped about thirty
797
00:57:01.079 --> 00:57:07.840
percent, I believe on was it
Friday Thursday? What's the talk a little
798
00:57:07.880 --> 00:57:12.920
bit about Viking Viking Therapeutics. There
are another GLP one producer, So again,
799
00:57:13.000 --> 00:57:15.840
o Zepic, you'r we goo v
that type of deal. Uh,
800
00:57:15.000 --> 00:57:20.039
developer's announcement that is experimental obesity treatment. I'm not going to say it will
801
00:57:20.079 --> 00:57:23.559
be moved to phase three clinical trial. And then I think what helped even
802
00:57:23.559 --> 00:57:28.239
more so was the fact that they
said that they have another drug that's going
803
00:57:28.320 --> 00:57:30.719
to begin phase two trials and this
is an oral version of the g LP
804
00:57:30.880 --> 00:57:34.960
one. Last week you were talking
about. I forget which company it was.
805
00:57:35.000 --> 00:57:37.440
I think it might have been.
Yeah, well in phase three with
806
00:57:37.599 --> 00:57:43.320
their oral right way ahead and this
is this company's Viking Therapeutics. She reminds
807
00:57:43.360 --> 00:57:45.840
me of novavaks. It reminds me
of that too. And the chart looks
808
00:57:45.880 --> 00:57:52.639
like kind of looked like it was
an eight dollar stock last December, and
809
00:57:52.679 --> 00:57:57.000
then they suddenly got involved in the
injectable weight loss business, which got the
810
00:57:57.000 --> 00:58:00.960
word GLP one. Yeah, Census
stack to from eight to one hundred before
811
00:58:00.960 --> 00:58:05.519
it plunged back to forty five,
up thirty three percent. It was Thursday
812
00:58:05.559 --> 00:58:08.519
their weight loss candidate. As you
said, it has moved to phase three.
813
00:58:08.800 --> 00:58:16.400
Also, Lily and Novo, the
two primary companies providing these these medications,
814
00:58:16.840 --> 00:58:22.400
dropped pretty dramatically. I think Lily
has gone from nine fifty down to
815
00:58:22.400 --> 00:58:25.320
eight hundred, and Nova's gone from
about one forty five down to like one
816
00:58:25.400 --> 00:58:30.039
twenty eight. Those churches sun and
breakdown a little bit, and I said,
817
00:58:30.320 --> 00:58:35.039
they remind me of Novavax. Nova
vaccine may recall from COVID. Novavaxe
818
00:58:35.320 --> 00:58:37.519
was a company that didn't have any
products, They didn't have any sales,
819
00:58:37.599 --> 00:58:44.719
They had never really successfully developed anything, and they came up with this vaccine.
820
00:58:45.239 --> 00:58:46.920
They were the last ones to come
up with a vaccine and by the
821
00:58:46.920 --> 00:58:51.800
time they came up with it,
it was over. And Viking has no
822
00:58:51.920 --> 00:58:57.639
sales, they have no earnings,
they have no infrastructure to distribute their drug.
823
00:58:58.400 --> 00:59:01.840
Once it had approved, competing with
Lily and Novo Nordic's two of the
824
00:59:01.840 --> 00:59:07.079
biggest companies in the world, and
you have to stock sixty six dollars this
825
00:59:07.159 --> 00:59:08.760
year. The one thing I will
say, I don't think GLP ones are
826
00:59:08.800 --> 00:59:13.679
over with. So they have that
not over with? What do you mean
827
00:59:13.679 --> 00:59:15.800
by that? Well, you said
you were talking, you're comparing it to
828
00:59:15.840 --> 00:59:19.800
Novovas how they Oh, I see, came out with a shot. No,
829
00:59:20.039 --> 00:59:21.840
COVID was over with. Yeah.
I don't think way a lot.
830
00:59:22.079 --> 00:59:24.320
I don't think OBC is ever going
to be cured. I think we've got
831
00:59:24.320 --> 00:59:29.199
that to deal with for probably for
a while. Yeah, Yeah, that
832
00:59:29.280 --> 00:59:31.519
was that was absolutely interesting. You
know. Another one that's said that just
833
00:59:31.880 --> 00:59:37.400
caught my eye was Lulu Lemon.
You know, that was a best in
834
00:59:37.440 --> 00:59:43.280
class retailer and they've really fallen on
hard times, down forty seven percent this
835
00:59:43.400 --> 00:59:47.639
year, getting destroyed down another ten
percent on Thursday after a City Group analysts
836
00:59:47.679 --> 00:59:53.159
get this downgraded it from buy to
hold, So it dropped fifty percent while
837
00:59:53.199 --> 00:59:58.599
he had it as a buy.
Now he's going to a hold. You
838
00:59:58.639 --> 01:00:01.960
know, where were you fifty fifty
percent ago? I mean, it's got
839
01:00:02.119 --> 01:00:08.199
to be because discount competitors. Absolutely. Athletics it's pretty much the same half
840
01:00:08.239 --> 01:00:10.440
the price. Yeah, I think
that's a good point multiple of them.
841
01:00:10.639 --> 01:00:15.840
And then those competitors you have Target
out there and Costco. I'm pretty sure
842
01:00:15.880 --> 01:00:21.519
making like just a little Amazon makeshift. Amazon has an Amazon branded similar clothes
843
01:00:21.760 --> 01:00:23.280
and people love them. Speaking of
close t you called, you made a
844
01:00:23.320 --> 01:00:28.360
good call. Uh, put your
phone away all right? Watching stocks?
845
01:00:28.519 --> 01:00:30.320
Oh idea, but I think the
markets. I know you're old and you
846
01:00:30.320 --> 01:00:34.039
don't realize I think the market is
closed. Actually, oh yeah, that's
847
01:00:34.039 --> 01:00:37.719
where you can look at the bitcoin, which is pushing towards seventy out.
848
01:00:37.840 --> 01:00:39.599
You're old and you don't think phones
can be productive, but they can't actually
849
01:00:39.679 --> 01:00:43.280
because you use them correctly. Why
are you picking on me? Well,
850
01:00:43.280 --> 01:00:45.599
you picked on me, so I'm
picking on the mellow hanging fruit. No,
851
01:00:45.639 --> 01:00:51.239
you picked on me. I'm just
responding you Beckers hoping that call us.
852
01:00:51.800 --> 01:00:55.800
They they have a lot of good
I guess hype around their brands right
853
01:00:55.800 --> 01:01:00.239
now. And it just seemed an
easy one to me because when you run,
854
01:01:00.679 --> 01:01:05.719
you buy shoes, and when do
you run in the summer, most
855
01:01:05.719 --> 01:01:07.000
people not here in nerus. You've
got to burn through a pair of shoes
856
01:01:07.039 --> 01:01:10.440
now, he todde qualified for the
Boston Marathon. For those of you who
857
01:01:10.440 --> 01:01:15.800
don't know, you got to burn
through a pair of shoes. I filter
858
01:01:15.920 --> 01:01:19.679
four shoes. I have no Well, while I'm training, I have four
859
01:01:19.679 --> 01:01:22.760
different pair of shoes, so you
wear a different pair of every day pretty
860
01:01:22.840 --> 01:01:27.440
much. I have a treadmill shoe, I have a road shoe, a
861
01:01:27.559 --> 01:01:31.360
racing shoe, trail shoe, and
I know with with an i'm shoe.
862
01:01:31.599 --> 01:01:35.639
Yeah I'm not walking that way.
I'm not running. I'm walking, and
863
01:01:35.679 --> 01:01:39.119
I'm burning through a pair of shoes
every four or five months. Yeah,
864
01:01:39.360 --> 01:01:43.960
yeah, I imagine you probably last
for two months. Every three four months,
865
01:01:43.960 --> 01:01:47.079
I got to buy four more shoes. It's not fun. So what's
866
01:01:47.079 --> 01:01:52.679
going on with bitcoin? Pushing toward
seventy sighting weekend? And this doesn't air
867
01:01:52.800 --> 01:01:57.159
till Sunday, So I really don't
know what happened on Saturday. Because Big
868
01:01:57.239 --> 01:02:00.719
Daddy Trump talks a bitcoin conference.
That's a yeah, gotta love it,
869
01:02:00.840 --> 01:02:04.480
Isn't that something? I mean,
this is the first president, really ex
870
01:02:04.559 --> 01:02:08.199
president, to even have a conversation
about bitcoin. And that's why it's gonna
871
01:02:08.199 --> 01:02:13.440
be really fun to see what he's
gonna say, right because potentially if he
872
01:02:13.440 --> 01:02:19.000
says anything bullish about There's been rumors
that Elon's fanning about making some strategic reserve
873
01:02:19.159 --> 01:02:22.199
or whatever. I don't think he's
actually gonna say anything because there's a political
874
01:02:22.679 --> 01:02:25.880
strategy there. You can't really say
too much about bitcoin. But you had
875
01:02:27.000 --> 01:02:30.639
RFK talk on Friday at the Bitcoin
conference. He's one of the candidates,
876
01:02:30.639 --> 01:02:32.719
and then you have President Trump talking
on Saturday. The only candidate's not talking
877
01:02:32.719 --> 01:02:37.280
about bitcoin is Kamala funny, so
I know where my votes are headed in
878
01:02:37.280 --> 01:02:40.280
one of those two. It is
interesting though that they would fit to go
879
01:02:40.320 --> 01:02:45.599
to a bitcoin conference some Sunday.
Yep, Todd might be uh or yeah,
880
01:02:45.639 --> 01:02:49.280
Todd might be Donald Trump's biggest fan
if he's if he's gonna make a
881
01:02:49.320 --> 01:02:52.840
strategic reserve for bitcoin in the United
States, He's got my vote, that's
882
01:02:52.840 --> 01:02:55.639
for sure. It's funny. Edward's
known that he just was there too,
883
01:02:57.199 --> 01:03:00.480
but not there. You know,
he's in Russia. But he zoomed in
884
01:03:00.519 --> 01:03:04.960
to the conference and he said cast
a vote, but don't join a colt.
885
01:03:05.599 --> 01:03:08.000
Yeah. I like that. I
like that saying. But yeah,
886
01:03:08.039 --> 01:03:12.760
it's up good. It actually flat
for the week. Technically, it's up
887
01:03:12.800 --> 01:03:16.239
maybe a little bits at sixty eight
K and uh again when it bottomed out
888
01:03:16.239 --> 01:03:19.880
to like fifty four, I thought
it was good. It was fifty four
889
01:03:20.199 --> 01:03:22.159
inter day on a weekend, and
it couldn't do anything about it because we
890
01:03:22.239 --> 01:03:27.400
know that coinbase or something like that. No, I was all I was
891
01:03:27.440 --> 01:03:30.119
all in at fifty four. But
markets, you know, they messed you
892
01:03:30.199 --> 01:03:32.320
up. Huh. I never had
the chance. Yeah, I never had.
893
01:03:32.320 --> 01:03:37.639
The last thing I need is another
account, you know, to keep
894
01:03:37.679 --> 01:03:39.559
track of the last thing I need
and the one they can. And then
895
01:03:39.559 --> 01:03:44.800
Ethereum got their ETFs proved this week, but no one really cared. Nobody
896
01:03:44.840 --> 01:03:46.199
cares. I gonna say it was
greeted with e on yeah, right,
897
01:03:46.400 --> 01:03:52.000
rh it coins the big one.
Yeah. But ge rallied to a sixteen
898
01:03:52.079 --> 01:03:55.840
year high. I bet the Dow
Committee would like to have that do over
899
01:03:55.920 --> 01:03:59.880
on that one, right, I
mean they took a day. You remember
900
01:04:00.320 --> 01:04:02.920
a couple of years ago, ge
got taken out of the Dow, been
901
01:04:02.920 --> 01:04:06.679
in the Dow since its inception,
got taken out, kicked to the curb
902
01:04:06.760 --> 01:04:13.880
and replaced with Walgreens doing so,
which which lasted about a week, and
903
01:04:13.920 --> 01:04:16.320
then that got kicked out yep,
and brought in what Salesforce dot Com,
904
01:04:16.360 --> 01:04:20.920
which then tanked YEP on a good
record right now, it is amazing when
905
01:04:20.920 --> 01:04:24.719
it's doing well. When the stock
gets added to the Dow, you can
906
01:04:24.800 --> 01:04:28.199
want to shorten it. I don't
know what it Usually the one that gets
907
01:04:28.239 --> 01:04:30.440
kicked out does well and it lasts
long. For Walgreens, it's had a
908
01:04:30.440 --> 01:04:33.400
little rolly. I think it's it's
harder to pick one out of thirty than
909
01:04:33.440 --> 01:04:36.079
one out of five hundred. To
that point, it's kind of funny because
910
01:04:36.199 --> 01:04:41.920
XOLK what happens when in video became
in bigots exposure? Microsoft is big as
911
01:04:42.000 --> 01:04:45.639
exposure. It goes Microsoft in video, but those two are double digits,
912
01:04:45.719 --> 01:04:47.280
and then after that falls off.
Well, what happened when in video got
913
01:04:47.599 --> 01:04:55.599
its exposure upspy XLK XLK bean the
technology ETF thank you, and in video
914
01:04:55.599 --> 01:05:00.360
has been doing nothing but downt since
then, right, XLK is downtown percent
915
01:05:00.400 --> 01:05:03.960
since it redid its waiting already it
briefly became the largest company in the world,
916
01:05:03.960 --> 01:05:06.960
and then they took a market cap. They took the allocation from Apple
917
01:05:08.039 --> 01:05:12.239
down from twenty percent down about two
or three percent. And Apple has done
918
01:05:12.239 --> 01:05:14.559
great for the last year. It's
weird, isn't it. It is weird.
919
01:05:14.639 --> 01:05:15.719
Yeah, they were going to have
to buy all these shares of ben
920
01:05:15.800 --> 01:05:19.320
Video and sell all these shares of
Apple, and Apple's gone up and then
921
01:05:19.440 --> 01:05:23.239
Video has gone down. It doesn't
make sense. Well, we talked about
922
01:05:23.239 --> 01:05:26.519
all these stocks, right, We
got Apple, Bitcoin, all the na
923
01:05:26.599 --> 01:05:30.079
videos in the world, and they
all have their own risk score at the
924
01:05:30.159 --> 01:05:33.360
end of the day. And what
we've found out about the risk allies is
925
01:05:33.440 --> 01:05:38.800
they now are able to show us
tax drag. And why it matters to
926
01:05:38.880 --> 01:05:43.840
us is we love using ETFs if
all possible, and the reason being is
927
01:05:43.840 --> 01:05:47.440
they're more tax efficient vehicles. ETF
is an exchange traded fund. A mutual
928
01:05:47.480 --> 01:05:51.480
fund is pretty much the same thing
in terms of it's a basket of whatever
929
01:05:51.480 --> 01:05:55.400
you're trying to buy. If it's
stocks, you're buying a basket of stocks,
930
01:05:55.440 --> 01:05:59.599
bonds buying basket of bonds. The
differences between ETFs mutuls that I want
931
01:05:59.599 --> 01:06:02.639
to highlight today really is the tax
efficiencies of the two vehicles. And there's
932
01:06:02.679 --> 01:06:08.320
a couple of reasons that ETFs,
Exchange traded funds are more are often considered
933
01:06:08.360 --> 01:06:12.480
more tax efficient than mutual funds.
All Right, The first one is in
934
01:06:12.639 --> 01:06:17.199
kind redemptions. ETFs often use a
process called in kind redemptions where they exchange
935
01:06:17.199 --> 01:06:23.400
securities for shares instead of selling securities
to meet redemptions. So mutual funds have
936
01:06:23.440 --> 01:06:28.320
to sell security which realize a capital
gain or loss, and then that has
937
01:06:28.360 --> 01:06:32.880
to be sent to the shareholders.
Another reason ETFs are lower is lower turnover.
938
01:06:33.239 --> 01:06:38.559
ETFs don't have a portfolio manager normally, so it's not as much active
939
01:06:38.679 --> 01:06:42.280
buying and selling of the stocks or
bonds in the portfolio, so you don't
940
01:06:42.320 --> 01:06:46.199
have that tax potential as well.
Number three tax treatment of dividends. While
941
01:06:46.199 --> 01:06:50.519
both etf and mutual funds distribute dividends, ETFs can be more tax efficient than
942
01:06:50.519 --> 01:06:56.440
their management of In their management dividends, ETFs generally aimed to distribute dividends that
943
01:06:56.519 --> 01:07:00.920
qualify for lower tax ricks, whereas
mutual funds might distribue more ordinary income dividends,
944
01:07:01.039 --> 01:07:05.880
which are taxed at higher rates.
Transparency Also, ETFs are more transparent
945
01:07:05.920 --> 01:07:10.480
than mutual funds, with daily disclosures
of their holdings, where mutual funds,
946
01:07:10.519 --> 01:07:13.760
I think, only have to do
it per quarter I believe. And then,
947
01:07:14.159 --> 01:07:17.800
lastly, cost efficiency, ETFs often
have lower expense ratios compared to mutual
948
01:07:17.840 --> 01:07:20.840
funds. But even if you had
a mutual fund in ETF to have the
949
01:07:20.840 --> 01:07:24.760
same exact expense ratio, I hire
a lot of people like I use Vanguard
950
01:07:24.840 --> 01:07:28.480
mutual funds because they're great. Well, what about the tax efficiency of those
951
01:07:28.519 --> 01:07:30.880
funds? And that's normally going over
most people's heads because they don't know the
952
01:07:30.880 --> 01:07:34.840
difference between mutual funds and ETFs on
the tax side of things. So our
953
01:07:34.920 --> 01:07:41.280
risk software now has the capability to
estimate the potential percentage that you are paying
954
01:07:41.400 --> 01:07:45.000
in tax drag if you do have
a mutual fund heavy portfolio compared to if
955
01:07:45.039 --> 01:07:49.320
you had an ETF that had low
cost expense ratios as well as efficient tax
956
01:07:49.360 --> 01:07:51.880
drag. So, for example,
Dave, we had a client come in
957
01:07:51.920 --> 01:07:56.079
on Friday and they sent us our
portfolio. We put that into the risk
958
01:07:56.119 --> 01:08:00.360
analyzing software and found that her two
point six million dollars that were sitting in
959
01:08:00.360 --> 01:08:02.960
a brokerage account was had an estimated
tax drag of one point two percent.
960
01:08:03.159 --> 01:08:09.320
What is that about thirty five thousand
dollars that she's losing to taxes on a
961
01:08:09.400 --> 01:08:13.599
yearly basis? Right, She was
pretty proud of her seventy five basis points
962
01:08:14.039 --> 01:08:16.439
management fee that her advisor's charging her. Through the math, you're being charged
963
01:08:16.479 --> 01:08:19.880
two percent if you include the tax
drag. Right, that's something that she
964
01:08:19.920 --> 01:08:24.199
would have never known had she not
taken advantage of our risk analyzing tool.
965
01:08:24.319 --> 01:08:26.880
We do this for free. Give
us a call five two zero five four
966
01:08:26.960 --> 01:08:30.079
four four nine zero nine, send
us to your portfolio. I'll throw it
967
01:08:30.079 --> 01:08:32.600
into the software and send it back
to you and ask me questions about it.
968
01:08:32.920 --> 01:08:38.039
No obligation, It's just a free
service we provide. We're hoping that
969
01:08:38.119 --> 01:08:40.439
what did you get to know is
she don't want to do business with us.
970
01:08:40.439 --> 01:08:42.960
But that's the risk that we take. And if you're worried about some
971
01:08:43.119 --> 01:08:46.039
event like two thousand and eight happening, or twenty twenty or inflation going crazy,
972
01:08:46.520 --> 01:08:50.840
the risk software now has an ability
to run your portfolio how it currently
973
01:08:50.880 --> 01:08:55.000
is allocated, and run it through
those scenarios and see how it would have
974
01:08:55.079 --> 01:08:58.560
performed compared to the S and P, and then you can know how risky
975
01:08:58.600 --> 01:09:00.720
your portfolio is their scenario. Instead
of just a risk number, you can
976
01:09:00.720 --> 01:09:05.640
also see it through scenarios. What
scenarios like eight, like the Great Depression?
977
01:09:05.720 --> 01:09:13.359
What happens the ETF became popular.
I want to say probably two thousand
978
01:09:13.399 --> 01:09:17.800
and five, I'm guessing is when
exchange traded funds started to make their appearance
979
01:09:17.840 --> 01:09:23.560
and became more and more prolific.
And as someone who's been doing this for
980
01:09:23.720 --> 01:09:29.600
decades, I was so pleased to
be able to have something that would where
981
01:09:29.600 --> 01:09:32.560
every October and November I didn't have
to hold my breath as to what kind
982
01:09:32.600 --> 01:09:36.840
of capital gains was going to be
spun off. And it tends to happen
983
01:09:38.119 --> 01:09:43.039
when you least want it, Like
the end of twenty two, twenty twenty
984
01:09:43.039 --> 01:09:45.880
two, mutual fund companies took a
lot of locked in, a lot of
985
01:09:45.920 --> 01:09:49.520
gains. Market down, yeah,
market down big. It runs into as
986
01:09:49.560 --> 01:09:53.439
people start selling mutual funds, so
they need to raise capital because they don't
987
01:09:53.439 --> 01:09:56.520
have it as all in the redemption
calls, the redemption calls, and that
988
01:09:56.640 --> 01:09:59.079
what happened in twenty two. People
got scared, wanted to raise cash.
989
01:09:59.159 --> 01:10:01.399
Yep, yeah over that, and
then then here the end of twenty two,
990
01:10:01.439 --> 01:10:04.880
your mutual fund is down twenty percent
and you get a ten percent capital
991
01:10:04.920 --> 01:10:12.399
gain ouch spun off. So uh, it's I love I love ets versus
992
01:10:12.479 --> 01:10:15.520
mutual funds. They just make all
the sense in the world, and we're
993
01:10:15.520 --> 01:10:17.760
going to go. Hey. One
thing we didn't talk about, which is
994
01:10:17.800 --> 01:10:24.359
probably the biggest story of the week
for Tucson, Arizona raytheon new all time
995
01:10:24.600 --> 01:10:27.800
high. I thought you're talking about
the monsoon we had on front. Monsoon
996
01:10:27.920 --> 01:10:31.640
is spictacular, was fun. I
mean this the whole the whole month.
997
01:10:32.159 --> 01:10:38.279
We're as we sit here on Friday, the twenty sixth, uh halfway through
998
01:10:38.319 --> 01:10:44.520
monsoon, roughly, uh, we're
double the normal rainfall, double more than
999
01:10:44.600 --> 01:10:47.640
double. Actually normally normally about one
point nine inches, and we've got three
1000
01:10:47.680 --> 01:10:50.479
point nine. I'm scared. I'm
to the point now that I'm scared to
1001
01:10:50.560 --> 01:10:55.560
leave my house once it starts raining. I was on the river, and
1002
01:10:55.600 --> 01:10:58.640
again, I've lived here since seventy
two, so I've been here a while.
1003
01:10:59.319 --> 01:11:02.319
And one thing that never happens is
well, we'll talk about it after
1004
01:11:02.319 --> 01:11:04.920
we come back from the break.
I don't know. Well, actually I
1005
01:11:04.920 --> 01:11:09.159
got a couple of seconds. One
thing that never happens is the storms come
1006
01:11:09.159 --> 01:11:12.439
along the mountains and they never come
off the mountains. Right, if you're
1007
01:11:12.439 --> 01:11:15.560
going to get water in the city, it's going to come from the south
1008
01:11:15.800 --> 01:11:18.600
typically or the southwest. It's not
going to come off the mountains. So
1009
01:11:18.640 --> 01:11:21.920
I'm on the hiking on the river
and there's a big storm in the mountains
1010
01:11:21.920 --> 01:11:26.439
and I'm just ignoring it. And
the next thing i know, it's on
1011
01:11:26.600 --> 01:11:30.600
me. I'm and I've got you
know, and I'm just getting soaked.
1012
01:11:30.600 --> 01:11:33.920
I'm standing underneath a palaverti tree,
which isn't helping much. I call my
1013
01:11:33.960 --> 01:11:36.840
wife, she has to come pick
me up. I felt like a little
1014
01:11:36.960 --> 01:11:41.600
kid. I felt like a complete
idiot, because I mean, I really
1015
01:11:41.640 --> 01:11:44.840
know the weather around here because I've
lived here a long time. But there
1016
01:11:44.880 --> 01:11:47.359
was a strong north wind and it
blew that storm off of the mountain into
1017
01:11:47.399 --> 01:11:53.600
the city on Wednesday, and for
the first time that I can remember,
1018
01:11:54.039 --> 01:11:57.560
I ended up soaked. And we'll
be back right after this break. This
1019
01:11:57.600 --> 01:12:00.600
is the Money Matter Show. Thanks
for sticking with us. Welcome back to
1020
01:12:00.600 --> 01:12:04.039
The Moneymatter Show. My name is
Todd Glick. I'm here with Dylan Greenberg,
1021
01:12:04.239 --> 01:12:11.760
David Shure with and Sebastian Borsini.
Hey with Sebastian Borgersceni's birthday Friday to
1022
01:12:11.960 --> 01:12:17.279
you. Yeah, but we were
talking about raytheon before the break, and
1023
01:12:17.279 --> 01:12:23.079
we're talking about we got sidetrack on
the monsoons. Raytheon did have a great
1024
01:12:23.359 --> 01:12:27.520
week, as you said, reported
strong earnings. People are still Warren out
1025
01:12:27.560 --> 01:12:31.279
there, so they're still selling great
quarters, great guidance Warren. You ever
1026
01:12:31.319 --> 01:12:35.920
hear like the soldiers keep on warring. Hey, we haven't talked about CrowdStrike.
1027
01:12:36.000 --> 01:12:41.239
Remember last Friday, a week ago
Friday they shut down the world?
1028
01:12:41.760 --> 01:12:45.760
Yep where there with their stupid Uh
you know, there's some companies that I
1029
01:12:45.840 --> 01:12:48.079
still have yet to recover from that. I know, it's unbelievable. It's
1030
01:12:48.199 --> 01:12:55.880
unbelievable. How long they said the
freight was the world of air freight will
1031
01:12:55.920 --> 01:13:00.359
take thirty to ninety days to get
back to normal. God, Yeahink got
1032
01:13:00.399 --> 01:13:02.680
hit hard. Even like a week
later, they're still canceling four five sights.
1033
01:13:02.760 --> 01:13:06.560
Don't think well this was last week. But yeah, yeah, it's
1034
01:13:06.640 --> 01:13:12.600
unbelievable. I mean, they lost
eleven percent on a week we could go.
1035
01:13:12.640 --> 01:13:15.680
Friday on the nineteenth, I was, And then the stock opened down
1036
01:13:15.720 --> 01:13:21.520
another twelve percent on Monday to the
lowest level since early January. Analysts downgraded
1037
01:13:21.560 --> 01:13:28.479
the stock, thinking there will be
resistance to owning the shares after that debacle
1038
01:13:28.960 --> 01:13:33.039
and The interesting part about that is
there's only two major companies who provide that
1039
01:13:33.159 --> 01:13:41.239
service, CrowdStrike and Palo Alto Network. Palo Alto Network was also talent.
1040
01:13:42.039 --> 01:13:45.520
Somebody's going to get this business.
Somebody's going That's what I was thinking too.
1041
01:13:45.560 --> 01:13:50.680
I was thinking maybe a cyber etf
there's a SI sibr IBr yeah yeah,
1042
01:13:51.039 --> 01:13:55.920
sorry cyber Yeah, good spelling.
So I was thinking of my head,
1043
01:13:56.520 --> 01:13:59.880
maybe that's a good place where you
start if you want to play like
1044
01:14:00.039 --> 01:14:02.079
you don't know which company gets that
busy. I mean, there's those two
1045
01:14:02.159 --> 01:14:05.920
major players, and if I'm with
Palo Alto Networks, I'm going to be
1046
01:14:05.960 --> 01:14:11.279
pretty excited about making a phone call
to a prospect that's been trying to decide
1047
01:14:11.319 --> 01:14:16.399
between me and CrowdStrike. Yeah,
but the Shock sold off. I know.
1048
01:14:16.680 --> 01:14:21.560
That's kind of weird seeing another plane
company changing it up its whole things.
1049
01:14:21.600 --> 01:14:26.920
Southwest last week announced that they're getting
rid of open seating, which has
1050
01:14:26.920 --> 01:14:30.439
been their model for fifty years.
Everybody knows Southwest and what they do,
1051
01:14:30.600 --> 01:14:33.039
yep, and you could last few
years. He could obviously pay more to
1052
01:14:33.079 --> 01:14:39.239
get early boarding so you could get
better seats. They're going to the more
1053
01:14:39.239 --> 01:14:44.720
traditional way of having extended legroom for
premium seats like a Delta Comfort or first
1054
01:14:44.720 --> 01:14:46.560
Class. I don't know if they're
going to have like separated or it's just
1055
01:14:46.600 --> 01:14:49.640
going to be the front of it's
going to be like wider, but they're
1056
01:14:49.640 --> 01:14:54.439
doing that because they're expecting that to
be a profit booster. I think it's
1057
01:14:54.479 --> 01:14:57.359
a really good thing. I think, yeah. Well, also because the
1058
01:14:57.359 --> 01:15:00.600
research they did. They alluded to
it in April last day April about changing
1059
01:15:00.640 --> 01:15:04.960
the ways the CEO did, and
they've done research on it saying about eighty
1060
01:15:05.000 --> 01:15:10.199
percent of people want assigned seats that
buy a Southwest ticket and ninety percent of
1061
01:15:10.239 --> 01:15:14.760
customers that just in general would prefer
it in a size seat. So the
1062
01:15:14.760 --> 01:15:16.880
majority of people out there flying want
assigned seats, and they're going to transfer
1063
01:15:17.279 --> 01:15:21.199
or change their whole model to do
that to accommodate it, because I think
1064
01:15:21.199 --> 01:15:26.319
you've got to be careful with volunteer
biases in those surveys. On Thursday when
1065
01:15:26.319 --> 01:15:30.159
it came out, everybody was I
saw a bunch of articles like you're saying
1066
01:15:30.239 --> 01:15:34.359
right now, Dylan, that eighty
percent of people really want assigned seating rather
1067
01:15:34.359 --> 01:15:38.560
than open seating. And then on
Friday, people that really are drawn to
1068
01:15:38.600 --> 01:15:41.560
Southwest came out and said that they're
a little bit pissed off about this.
1069
01:15:42.600 --> 01:15:46.279
I think that ultimately it is going
to increase revenue because for one, yes,
1070
01:15:46.399 --> 01:15:50.920
I can now charge more for premium
seats for extended leg room. Okay,
1071
01:15:51.159 --> 01:15:55.119
that could also lower the costs on
some of the just regular seats,
1072
01:15:55.159 --> 01:15:59.159
right, will that increase the volume? Ultimately? The biggest people difference for
1073
01:15:59.199 --> 01:16:02.000
Southwest is that they give you two
free check bags. If they continue that,
1074
01:16:02.000 --> 01:16:04.479
which they didn't really Yeah, they
didn't say talking about they didn't say
1075
01:16:04.479 --> 01:16:08.680
anything about leading that. If they
continue to give you two free check bags
1076
01:16:08.680 --> 01:16:11.760
and they offer premium seating in a
regular seating, it's pretty much you're going
1077
01:16:11.760 --> 01:16:15.359
like on a Delta American Airlines with
free check free check bags, without having
1078
01:16:15.359 --> 01:16:18.239
the Delta card or the American Express
or the American Airlines card or anything like
1079
01:16:18.239 --> 01:16:20.239
that. And I'm not sure if
you saw this, but they also are
1080
01:16:20.239 --> 01:16:26.000
going to start incorporating red eye flights
to their flights. Oh cool, I
1081
01:16:26.039 --> 01:16:28.760
didn't see that. That's hasn't been
a thing with Southwest before, but that
1082
01:16:28.800 --> 01:16:32.079
should make their voyages a little bit
more What kind of have one red eye
1083
01:16:32.079 --> 01:16:35.239
flights. Are you familiar, No, it's night time flights essentially, right.
1084
01:16:35.279 --> 01:16:39.680
It leaves it like eight pm from
Phoenix and lands in New York at
1085
01:16:39.720 --> 01:16:43.840
like eight am. I did that
once when I was brand new to Tucson
1086
01:16:43.920 --> 01:16:46.359
and I was working at the bank
and the bad This is before the internet,
1087
01:16:46.399 --> 01:16:50.159
this is before FedEx. You know, they had they had a CD.
1088
01:16:50.279 --> 01:16:55.439
They had a CD. The bank
had a CD maturing for eight million
1089
01:16:55.479 --> 01:16:59.439
dollars and it needed to be taken
to New York City and cashed in.
1090
01:16:59.720 --> 01:17:02.720
So right, and so they he
calls me up to president. He calls
1091
01:17:02.760 --> 01:17:04.359
me up to his office, said, hey, have you ever been to
1092
01:17:04.399 --> 01:17:09.880
the big city Agle Phoenix? He
he has no it in New York.
1093
01:17:11.359 --> 01:17:15.600
So they took this eight million dollars
negotiable CD. Now had I known then,
1094
01:17:15.600 --> 01:17:17.439
what I know? Now? Just
gone south right, Just I'm gone,
1095
01:17:17.720 --> 01:17:25.279
I'm done. Eight million dollar CD
sewed into my suit pocket and I
1096
01:17:25.319 --> 01:17:28.640
flew to New York City, got
on the plane about midnight, got to
1097
01:17:28.720 --> 01:17:33.119
Manhattan at eight nine am, went
down to Morgan Guarantee I think it was,
1098
01:17:33.159 --> 01:17:38.039
and gave him the CD. I
had to get three receipts. I
1099
01:17:38.039 --> 01:17:40.479
had three different Envelove before they had
to be mealed. I mean, cause
1100
01:17:40.520 --> 01:17:45.039
this is this is eight million dollars
in the seventies. Yeah, it's unbelievable.
1101
01:17:45.279 --> 01:17:47.880
And I went back to the airport
and got on the plane and came
1102
01:17:47.920 --> 01:17:53.600
home. Funny story, real quick, funny story. Rito. I'm relatively
1103
01:17:53.600 --> 01:17:57.640
new to Tucson. I'm relatively new
to Tucson. I'm pretty excited about the
1104
01:17:57.680 --> 01:18:03.439
Southwestern culture, pretty excited about being
a twosonan I mean in Manhattan, which
1105
01:18:03.479 --> 01:18:06.319
is all gray and black and everything, you know. And I get back
1106
01:18:06.399 --> 01:18:11.720
to the terminal, I meant the
Tucson Gate and here's the cowboys and things.
1107
01:18:11.720 --> 01:18:14.399
And I'm so excited about this.
And I get on the plane and
1108
01:18:14.399 --> 01:18:15.760
I'm near the back of the plane, and on the front of the plane
1109
01:18:15.880 --> 01:18:19.720
this woman who comes on with a
plate full of burritos, and I said,
1110
01:18:19.880 --> 01:18:25.880
how cool is that that they're serving
burritos on the plane back to Tucson.
1111
01:18:26.039 --> 01:18:30.079
It turned out to be towels.
Actually I thought they were burritos.
1112
01:18:30.119 --> 01:18:33.399
There were towels. She got to
me, and I was so excited for
1113
01:18:33.479 --> 01:18:35.600
my burrito, and she said,
sir, would you like a towel?
1114
01:18:35.640 --> 01:18:41.039
And I said, for what?
Keep in mind from South Dakota. Right,
1115
01:18:42.279 --> 01:18:45.359
Why would I need a towel?
What are you going to do to
1116
01:18:45.399 --> 01:18:49.039
me? Anyway? That was my
burrito story. Pretty excited about that,
1117
01:18:49.119 --> 01:18:54.319
and I like anyway. But growing
up in South Dakota, one thing we
1118
01:18:54.720 --> 01:19:00.319
learned early on is that the f
O R. D Ford actually stands for
1119
01:19:00.359 --> 01:19:04.199
a found on road dead. Yeah, and that's that's That's what we said
1120
01:19:04.199 --> 01:19:08.520
in my auto tech class too.
And they knew a lot more about cars
1121
01:19:08.520 --> 01:19:11.680
and I did, and I figured
they knew what they're talking about. We
1122
01:19:11.800 --> 01:19:14.920
mentioned, go ahead, I think
we found four dead this week. That's
1123
01:19:14.920 --> 01:19:17.199
why I brought it up. We
mentioned last week the stock had finally got
1124
01:19:17.239 --> 01:19:19.680
a bit, you know, because
we've been talking about it's got a low
1125
01:19:19.760 --> 01:19:26.680
pe five percent dividend. Why is
nobody loved the stock? And they they
1126
01:19:26.880 --> 01:19:31.800
seemed Farley seemed to have doing some
good things. The CEO and the stock
1127
01:19:31.840 --> 01:19:38.279
had actually rallied twenty percent. Thursday, it erased the whole thing. The
1128
01:19:38.600 --> 01:19:43.079
quarter came in thirty percent below estimates. They chose not to announce the share
1129
01:19:43.199 --> 01:19:45.119
buy back. You know, if
they don't want the stock, who does
1130
01:19:46.479 --> 01:19:49.600
is kind of my thinking? Right
at any price? I mean, yeah,
1131
01:19:49.680 --> 01:19:54.560
eighteen percent drop. Buy it something
on Thursday, eighteen percent drop,
1132
01:19:54.600 --> 01:19:59.239
which was the worst day for the
stock since the financial crisis in two thousand
1133
01:19:59.279 --> 01:20:02.079
and eight. Are you aid me
sixteen years? Obviously, but it sounds
1134
01:20:02.079 --> 01:20:06.479
like we have a small position.
We do, so I'm bitter we have
1135
01:20:06.560 --> 01:20:11.039
one percent not a big deal,
but we were Yeah, I'm right.
1136
01:20:11.079 --> 01:20:14.039
And then but that's the beautiful thing
about positions. And then that same day
1137
01:20:14.039 --> 01:20:16.279
it was you know, offset by
some of these raytheons that was up.
1138
01:20:16.600 --> 01:20:19.399
Oh no, yeah, wait a
lot of weeks, wait, a very
1139
01:20:19.399 --> 01:20:23.960
good week. IBM is kicking it, you know, yeah, with the
1140
01:20:24.399 --> 01:20:28.119
working its way up and kind of
found a bottom. I forgot where it
1141
01:20:28.239 --> 01:20:30.880
was, but I think it's about
thirteen percent since the bottom down training one.
1142
01:20:31.800 --> 01:20:33.439
I think, yeah, I was
in the one's sixties. I think
1143
01:20:33.479 --> 01:20:40.640
the frustrating thing on Ford is we
talked about selling it on Wednesday at fourteen
1144
01:20:40.680 --> 01:20:45.920
and a half before the earnings announcement
dropped it to eleven, and we decided
1145
01:20:45.960 --> 01:20:48.720
that this would probably not be a
prudent time to sell it because the stock
1146
01:20:48.800 --> 01:20:56.399
had been breaking out technically on a
strong run headed to twenty maybe, So
1147
01:20:56.600 --> 01:21:00.399
that was I think that's probably some
of the frustration is the fact there sector
1148
01:21:00.439 --> 01:21:05.560
that's been definitely being getting a bid. This the home construction. Itb made
1149
01:21:05.720 --> 01:21:11.319
another all time high this week goes
home. You know it's the KB homes,
1150
01:21:11.319 --> 01:21:15.119
the dr Hortens, the polty that
you know, all time high marriage,
1151
01:21:15.119 --> 01:21:18.600
they're all all just okay, hold
on, I'm I'm could have benefitted.
1152
01:21:18.760 --> 01:21:20.359
I don't mean to put you on
the all time high. Yes,
1153
01:21:20.439 --> 01:21:27.720
I'm right, double checks. You
know that Mattel has got the struggling toy
1154
01:21:27.760 --> 01:21:30.399
maker you got to pop out of
Barbie and then he gave it right up
1155
01:21:30.479 --> 01:21:32.760
right, it's the same price.
The stock is the same price it was
1156
01:21:33.039 --> 01:21:39.880
twenty years ago. And I had
jumped twenty percent on Monday after a Reuters
1157
01:21:39.960 --> 01:21:45.039
reports that a private equity firm has
approached Mattel with an acquisition offer. I
1158
01:21:45.039 --> 01:21:47.760
mean, you want to buy a
company? About that company is attractive?
1159
01:21:47.840 --> 01:21:53.039
Nothing, nothing, no, no, Just start making Barbie NFTs and maybe
1160
01:21:53.039 --> 01:21:55.479
you get a chance. Well,
you guys, you guys have pointed out
1161
01:21:55.520 --> 01:21:59.000
that, and I've noticed this with
my grandchildren. They don't have a lot
1162
01:21:59.039 --> 01:22:02.239
of toys anymore. No, my
niece has a lot of toys. Yeah,
1163
01:22:02.279 --> 01:22:04.560
she doesn't know how to work with
the computer yet. Just wait till
1164
01:22:04.600 --> 01:22:08.720
she is that iPad. Well,
yeah, you know, I don't think
1165
01:22:08.720 --> 01:22:11.560
it's a good parent move to just
give your kid a iPad because of that,
1166
01:22:11.640 --> 01:22:15.319
right, because you don't saying I'm
trying to explain is you don't develop
1167
01:22:15.319 --> 01:22:18.199
your imagination if you have your if
you just it's an easy fix for a
1168
01:22:18.279 --> 01:22:21.960
parent, right, give a kid
an iPad. You don't really have to
1169
01:22:23.039 --> 01:22:25.880
do as much parenting because they are
going to be distracted on that iPad.
1170
01:22:26.239 --> 01:22:30.159
But you are also kind of like
corrupting their mind a little bit because they're
1171
01:22:30.239 --> 01:22:33.920
not well it's debatable they are learning
stuff on there, but it's also a
1172
01:22:34.000 --> 01:22:38.680
screen, right, give to her
a little bit like sometimes and stuff,
1173
01:22:38.720 --> 01:22:41.359
But most of the time she's just
kind of before her sisters, Borys,
1174
01:22:41.399 --> 01:22:44.079
she was just running around by herself
having fun. Right. I mean,
1175
01:22:44.479 --> 01:22:47.199
when you're young, you're you're not
really Once you hit the age of four,
1176
01:22:47.399 --> 01:22:50.359
right, and you have all your
other you go to preschool and they
1177
01:22:50.359 --> 01:22:55.199
have their things, and that's when
you start to have societal pressures and and
1178
01:22:55.239 --> 01:22:58.960
that's when you see the development of
this technology and the use of it start
1179
01:22:59.000 --> 01:23:03.199
to Skyrocket and these. As a
parent, there are times when having a
1180
01:23:03.279 --> 01:23:11.079
device that is fool proof in getting
your kid to sit down and be quiet
1181
01:23:11.560 --> 01:23:14.640
is priceless, right, you know. I mean, you've had a hard
1182
01:23:14.680 --> 01:23:17.079
day at work, you want to
go to the gym, you're on a
1183
01:23:17.079 --> 01:23:21.960
conference call, there's a myriad of
and you're you're absolutely right. It's it's
1184
01:23:23.039 --> 01:23:28.199
parenting made easy, right, and
sometimes that is really really nice. Right.
1185
01:23:28.720 --> 01:23:30.920
It's an interesting debate because you're right, it does make it easier.
1186
01:23:31.359 --> 01:23:35.600
But then on the other side,
like does the kid develop the same type
1187
01:23:35.600 --> 01:23:39.880
of brain, Like what happens now
my daughter will have the long term studies,
1188
01:23:40.279 --> 01:23:43.039
you know, I'm I think our
generating SENO is the first generation that
1189
01:23:43.159 --> 01:23:47.239
like really definitely from the age of
kind of since we were cognizant, we
1190
01:23:47.520 --> 01:23:51.000
had a technology around us, like
we had flip phones from the and then
1191
01:23:51.039 --> 01:23:55.520
some of these kids now that are
growing up then they had ipet since they
1192
01:23:55.520 --> 01:23:58.840
were four. I was gonna say, I didn't have my first iPhone until
1193
01:23:58.880 --> 01:24:00.840
I was probably twelve. We have
we had phones, you know, in
1194
01:24:01.000 --> 01:24:04.680
video games. My first phone iPhone
twelve years old. He's like my little
1195
01:24:04.680 --> 01:24:09.600
sister. She grew up it's a
different story. Three years and my daughters
1196
01:24:09.640 --> 01:24:12.279
and our kids aren't gonna have TVs. And we went over there last nd.
1197
01:24:12.279 --> 01:24:15.239
They both have big flat screen TV's
in their bedroom. Stay there you
1198
01:24:15.359 --> 01:24:18.760
go. We've also seen the skyrocketing
and suicides because of it, which is
1199
01:24:19.239 --> 01:24:24.039
sad. We'll be back right after
just break. Thanks again for joining us.
1200
01:24:24.720 --> 01:24:27.520
Welcome back to the Money Matter Show. My name is Sebastian Borsini.
1201
01:24:27.600 --> 01:24:30.640
I'm here with Todd click Junior,
Dylan Greenberg, and David Sherwood. Sabastian
1202
01:24:30.680 --> 01:24:36.039
Borsini. That birthday boy, sir, big plans tonight, No, just
1203
01:24:36.039 --> 01:24:40.239
gonna go get some sushi and then
this weekend just hang out, play some
1204
01:24:40.279 --> 01:24:43.560
golf with the with the coworkers here
in the office, and go watch the
1205
01:24:43.600 --> 01:24:45.399
UFC fights later at Saturday night.
That's what I want to do on my
1206
01:24:45.399 --> 01:24:53.199
birthday. Go east. Raw food
sounds wonderful. Thanks sakes alive, young
1207
01:24:53.239 --> 01:24:59.560
people only cow. I don't know
why why uncooked food became trendy, But
1208
01:24:59.560 --> 01:25:01.079
what is it? What old people
that just will never go to Japan?
1209
01:25:01.439 --> 01:25:03.399
No? I know, I know. I was in. I was in
1210
01:25:03.439 --> 01:25:08.039
I was in a poke poke pol
place. I was in a poke bowl
1211
01:25:08.119 --> 01:25:11.720
place the other day, and we
got the poke pokey. I've heard both.
1212
01:25:11.760 --> 01:25:14.159
I've heard both. Yeah, you
call it pokey. I've heard I
1213
01:25:15.159 --> 01:25:17.880
say poke poke I we got three
different ways to do it. And and
1214
01:25:18.000 --> 01:25:21.199
they had they had raw stuff,
of course, and they had cook stuff.
1215
01:25:21.560 --> 01:25:25.960
And uh, we got the I
got the chicken and my wife got
1216
01:25:25.960 --> 01:25:30.760
the shrimp. And it turns out
the shrimp wasn't cooked enough. So you
1217
01:25:30.800 --> 01:25:34.960
do what you gotta do, right
Chipotle. Uh boy, that's been an
1218
01:25:34.960 --> 01:25:40.119
interesting story, hasn't it. That
stock was one of the most popular stocks
1219
01:25:40.159 --> 01:25:43.720
out there, and they did a
fifty for one. Historic Really, I've
1220
01:25:43.760 --> 01:25:46.760
never seen a fifty for one stock
split. They did a fifty for one
1221
01:25:46.840 --> 01:25:50.359
stock split, and it's just been
dropping and dropping. It hit a six
1222
01:25:50.439 --> 01:25:57.000
month low on Wednesday. Strong Ernie's
report on Wednesday night sent the stock ten
1223
01:25:57.079 --> 01:26:00.560
percent higher in the aftermarket, but
by the time to stock open it giving
1224
01:26:00.640 --> 01:26:06.399
it all up because there's concerns about
wages, particularly in California. You may
1225
01:26:06.439 --> 01:26:13.560
recall the California the past, the
Fast Act raised minimum wages by twenty five
1226
01:26:13.600 --> 01:26:18.680
percent for fast food restaurants with sixty
or more change six year more locations.
1227
01:26:18.800 --> 01:26:25.159
Now that's made the minimum wage at
a fast food restaurant if you have six
1228
01:26:25.279 --> 01:26:29.399
year more locations, twenty bucks.
I don't understand twenty bucks an hour on
1229
01:26:29.399 --> 01:26:34.319
that bill since twenty nineteen to twenty
twenty four. McDonald's like some prices of
1230
01:26:34.319 --> 01:26:38.880
their like their Big Mac was a
dollar eighty nine in twenty nineteen and now
1231
01:26:38.920 --> 01:26:42.359
it's three seventy five. There's their
ma, their whole meal, like you
1232
01:26:42.399 --> 01:26:45.000
get a five thing meal, used
to be like twenty bucks and now it's
1233
01:26:45.079 --> 01:26:47.600
thirty five dollars. In five years, it's almost double. It's amazing.
1234
01:26:47.680 --> 01:26:50.239
And then it's because it alone.
Yeah, they're not alone, it's other
1235
01:26:50.279 --> 01:26:55.640
fast food restaurants like that. It's
ridiculous how much it's gone in five years.
1236
01:26:56.079 --> 01:27:00.239
Yeah, and like just say that
you don't want companies here in California.
1237
01:27:01.159 --> 01:27:06.479
Chipoti passed the price to increase on
and what they what the CEO said,
1238
01:27:06.560 --> 01:27:13.199
is is whether you raised prices or
not, you've seen store traffic drop.
1239
01:27:14.079 --> 01:27:16.039
It's also they raise prices. But
there's also been a whole thing going
1240
01:27:16.079 --> 01:27:20.479
on social media saying there's uh,
portions are shrinking, which they used to
1241
01:27:20.479 --> 01:27:27.079
be really generous. St Yeah,
it's strengflation along with price inflation. The
1242
01:27:27.159 --> 01:27:29.840
thing makes people not want to go
there. Now, I got other places
1243
01:27:29.880 --> 01:27:32.079
like you the Kava place that you've
never been to. People like that.
1244
01:27:32.319 --> 01:27:35.520
You got Kdoba, you got mos. If you're on the East Coast,
1245
01:27:35.800 --> 01:27:40.159
you have other options that might still
be doing large portions. You say screw
1246
01:27:40.199 --> 01:27:44.600
it to Chipotle. I've been seeing
something about how if you if you pull
1247
01:27:44.600 --> 01:27:47.439
your phone out while you're in the
Chipotle ordering line and pretend that you're recording
1248
01:27:47.479 --> 01:27:50.439
them, they'll give you a bigger
portion. I've never had a problem with
1249
01:27:50.600 --> 01:27:56.800
portions that you don't eat that much. Well, I know a great example
1250
01:27:56.840 --> 01:28:00.159
of shrinkflation. Were my favorites is
gatorades. You know all gatorad used you
1251
01:28:00.159 --> 01:28:03.359
have those big bottles. Yeah,
and then they changed it to have a
1252
01:28:03.439 --> 01:28:08.960
kind of like an indent into them. They're like four to six ounces small.
1253
01:28:09.279 --> 01:28:12.199
I have another one for you.
Remember toaster strudles, Remember eating those
1254
01:28:12.279 --> 01:28:15.279
for breakfast? Before elementary school,
I was the more a pop tart guy.
1255
01:28:15.399 --> 01:28:18.039
Well, I'm I'm sure it's the
same thing with the With the pop
1256
01:28:18.079 --> 01:28:21.760
tart they're the size of a card, like a deck of cards. That's
1257
01:28:21.760 --> 01:28:25.239
the size of them. Now,
I kid you're sure it's not just because
1258
01:28:25.239 --> 01:28:33.560
he got bigger. Three now fantastic. I love that. I love that.
1259
01:28:33.560 --> 01:28:41.239
That's fantastic. Verizon. You typically
sleepy Verizon. It's been doing crazy
1260
01:28:41.239 --> 01:28:43.680
over the last twelve months. I
really hadn't even looked at it. I
1261
01:28:43.800 --> 01:28:45.600
got Verizon in some accounts, but
it's one of those things I have it
1262
01:28:45.640 --> 01:28:49.159
for the dividend pays around the seven
percent dividend, right, so I figure
1263
01:28:49.159 --> 01:28:51.760
I just get my seven percent and
if I'm lucky, I'll get the money
1264
01:28:51.760 --> 01:28:57.319
back. You know, that thing
is up thirty percent in the last six
1265
01:28:57.399 --> 01:29:00.560
months. Depends now perform an ating
t for years now. Unbelievable. Yeah,
1266
01:29:00.720 --> 01:29:04.720
it was down six percent on Monday
after quarterly revenue disappointed, but they're
1267
01:29:04.720 --> 01:29:11.399
seven percent dividend is still in place. It's I really, I really didn't
1268
01:29:11.399 --> 01:29:13.760
expect that. You know. Abercrombie
and Fitch, we've talked about that a
1269
01:29:13.800 --> 01:29:18.880
little bit. The Wells Fargo raised
their price target. I'm sorry, and
1270
01:29:18.960 --> 01:29:24.079
it's gone gone up three hundred percent
in the last twelve months. Abercroman Fitch,
1271
01:29:24.119 --> 01:29:28.000
which I had thought was left for
dead, So they've shifted the way.
1272
01:29:28.039 --> 01:29:30.800
They like their whole design of their
clothes and everything. Like when we
1273
01:29:30.840 --> 01:29:33.279
were kids, it was one specific
like you go to Abercrombie, you get
1274
01:29:33.279 --> 01:29:36.880
these like big shirts with big letterings
whatever. You know what you were talking
1275
01:29:36.920 --> 01:29:40.399
about. Like when I was thirteen
years old middle school, I could never
1276
01:29:40.399 --> 01:29:43.680
wear it because I was too big, but every kid at school had them,
1277
01:29:43.720 --> 01:29:45.079
Like, oh man, I wish
I could fit in that clothes.
1278
01:29:45.399 --> 01:29:48.840
Couldn't wear them. Though nowadays they
shifted the whole way. Their whole fashion
1279
01:29:50.920 --> 01:29:56.760
design of Abercrombie is just different,
more for adults looking stuff like other companies
1280
01:29:56.760 --> 01:29:59.399
that like I would go buy as
a twenty nine year old, they have
1281
01:29:59.479 --> 01:30:02.439
similar fashion looking looks. So it's
like they shifted with kids as they grew
1282
01:30:02.520 --> 01:30:05.560
up when they're a company, and
now they shifted and kept going and evolving
1283
01:30:05.600 --> 01:30:09.239
with the new fashion trends. And
that's why I think they're up three hundred
1284
01:30:09.239 --> 01:30:11.520
percent. That's an interesting take.
So if you walk in there, you
1285
01:30:11.560 --> 01:30:15.800
might be able to find out a
shirt or something that wouldn't have Abricrommie all
1286
01:30:15.800 --> 01:30:17.600
over. So my girlfriend says,
like she hasn't looked at Abercrombie in like
1287
01:30:17.600 --> 01:30:21.199
ten years. She came across something
that somebody said to the abercron but she
1288
01:30:21.199 --> 01:30:25.479
goes to their website. She's gone
to Abercrombie three different times now in the
1289
01:30:25.520 --> 01:30:28.279
last month. Oh wow, because
she loves it. She found a ton
1290
01:30:28.319 --> 01:30:30.720
of stuff. It's ridiculous, but
that's what she's saying, Like, it's
1291
01:30:30.720 --> 01:30:34.439
just stuff that I would wear now
for ten years it wasn't. That's the
1292
01:30:34.520 --> 01:30:38.800
sort of whatever they're doing is,
they're doing it right. And JP Morgan,
1293
01:30:38.880 --> 01:30:42.720
after a three hundred point rally,
decided what they're gonna do ash buy
1294
01:30:42.760 --> 01:30:44.640
it. They're gonna buy it,
man, they want to buy that.
1295
01:30:44.680 --> 01:30:46.920
They're shining strong demand for their apparel. Get on board, let's go.
1296
01:30:47.079 --> 01:30:49.720
Dang analysts. Man, I'm thinking, where in the heck were you three
1297
01:30:49.800 --> 01:30:53.800
hundred percent ago? Yeah, I
mean that's like when they wanted to buy
1298
01:30:53.840 --> 01:30:58.479
Lulu and lose all. They were
buying Lulu at the same as of Abercrombie.
1299
01:30:58.520 --> 01:31:02.960
Right, Yeah, it's Disney continues
to disappoint and we've had a small
1300
01:31:03.000 --> 01:31:08.800
position in Disney and it just continues
to disappoint. And April the stock was
1301
01:31:08.840 --> 01:31:12.880
one of the best performing Dove stocks
after the company won. They're proxified with
1302
01:31:12.960 --> 01:31:17.039
Elliott. Management's been going straight down
hit a six month lowe last week giving
1303
01:31:17.119 --> 01:31:20.800
up all of this year's games.
They actually went from number one or number
1304
01:31:20.800 --> 01:31:25.199
two performing Dove stocks. Now it's
down for the year. What's going on
1305
01:31:25.279 --> 01:31:30.560
with their theme parks? They there
was a report from Comcast, who owns
1306
01:31:30.680 --> 01:31:35.560
Universal Studios, the disappointing results,
and that sent Disney to that six months
1307
01:31:35.560 --> 01:31:41.800
alone. I just think it's anonymous. Yeah, yeah, I think Disney
1308
01:31:41.880 --> 01:31:45.560
is a great company. I think
the market has this wrong, guilty by
1309
01:31:45.640 --> 01:31:48.039
guilty by assist because the ESPN,
I mean what they have with you.
1310
01:31:48.159 --> 01:31:51.680
I mean they own ESPN, they
own ABC, let alone their theme parks,
1311
01:31:53.239 --> 01:31:57.520
let alone, the streaming alone.
ESPN just got to deal with the
1312
01:31:57.600 --> 01:32:01.039
NBA too. We're going to be
streaming the NBA now after this season.
1313
01:32:01.319 --> 01:32:08.239
That's huge? Can them? Amazon? And I think NBC maybe Peacock,
1314
01:32:08.279 --> 01:32:13.399
I don't know, well three though, and what's their faces Warner Brothers Discoveries
1315
01:32:13.439 --> 01:32:16.000
soon an NBA because of that,
Yeah, because they're TNT And they said
1316
01:32:16.039 --> 01:32:19.039
like they were trying to just take
over one of their things. I was
1317
01:32:19.079 --> 01:32:23.159
trying to understand it. It seemed
like their price. Yeah, they were
1318
01:32:23.199 --> 01:32:30.239
selling the streaming rights to Amazon and
basically Warner Brothers, was like, I
1319
01:32:30.319 --> 01:32:33.119
want to also have a match right
deal for the streamings, And then NBA
1320
01:32:33.199 --> 01:32:35.840
sent a letter to Warner Bros.
Like Yeah, you're not. You don't,
1321
01:32:35.920 --> 01:32:38.680
you're not. You don't need that, Like you don't, you know
1322
01:32:38.880 --> 01:32:41.760
entirely. Yeah, and then Warner
Bros. Match them and then they're like,
1323
01:32:41.760 --> 01:32:44.560
you didn't do good enough. Yeah, and then so Warner Bros.
1324
01:32:44.600 --> 01:32:46.920
Sou them now, So that's gonna
be an interesting you're speaking of speaking of
1325
01:32:46.960 --> 01:32:51.359
sleepy sock, Like Verizon Coca Cola
a strong earnage before drove that to a
1326
01:32:51.359 --> 01:32:56.880
fifty two week high on Tuesday.
They have a new high protein, low
1327
01:32:57.000 --> 01:33:02.039
sugar milkshake, oh snap, under
the name fair Life. Have you tried
1328
01:33:02.119 --> 01:33:05.800
that? No? I have not
either, But is that the milk fair
1329
01:33:05.880 --> 01:33:10.239
Life? Yees? Milk? Yeah, it's pretty good. Milk, chocolates
1330
01:33:10.279 --> 01:33:15.159
good. It's a milkshake, right, It's tastes like one. I guess
1331
01:33:15.319 --> 01:33:17.920
they kind of look like milk because
I looked at in the grocery store chocolate
1332
01:33:18.000 --> 01:33:20.560
milk. They had a bunch of
different flavors. Yeah, fair Life.
1333
01:33:20.560 --> 01:33:25.159
They have like protein shakes of that
too, well, has protein in the
1334
01:33:25.199 --> 01:33:29.840
fair Life has six twenty six grams
of protein. Yeah, and only one
1335
01:33:29.880 --> 01:33:32.520
hundred and seventy calories. That's amazing. But I think they advertise it as
1336
01:33:32.560 --> 01:33:35.880
a protein drink yep, yeah,
okay, yeah, and that's what's driving
1337
01:33:35.920 --> 01:33:42.199
there's there's growth in Coca Cola.
I mean, it's just amazing how one
1338
01:33:42.199 --> 01:33:44.760
of the I was looking at a
protein company the other day. I forget
1339
01:33:44.760 --> 01:33:49.079
which one costco sells a bunch.
I think it's called Premiere Okay, Lactose
1340
01:33:49.119 --> 01:33:53.920
free too, yes, yeah,
Lactose free, the fair Life. Anyway,
1341
01:33:53.960 --> 01:33:56.920
it's an absolutely great company. I
was looking at their earnings. Just
1342
01:33:57.399 --> 01:34:01.920
good stuff. Yeah. That So
we've talked about talk about the market.
1343
01:34:01.920 --> 01:34:06.119
The markets come in a little bit. The Nasdaq there wasn't it was that
1344
01:34:06.239 --> 01:34:11.159
long ago. Everybody wanted to jump
on board the videos, the broadcoms.
1345
01:34:11.600 --> 01:34:16.000
The Nasdaq was was all that,
and it has come back one hundred if
1346
01:34:16.039 --> 01:34:19.800
you really want to be absolutely has
come seven percent off of it's high.
1347
01:34:21.359 --> 01:34:25.960
When you see times like this,
it's time to kind of dust off that
1348
01:34:26.119 --> 01:34:30.399
buy list. And some of these
high flyers that you've been wanting to take
1349
01:34:30.479 --> 01:34:33.159
a shot at are coming into an
area where you might want to look at
1350
01:34:33.199 --> 01:34:38.199
them. We talked about Nvidio got
to one hundred and forty. It is
1351
01:34:38.239 --> 01:34:42.000
now one hundred and thirteen or so. If you wanted to buy one hundred
1352
01:34:42.039 --> 01:34:45.039
shares, maybe you buy twenty five
on Monday and if it comes in a
1353
01:34:45.039 --> 01:34:49.159
little further dis continue to buy.
Same with Google, Google, same thing.
1354
01:34:50.279 --> 01:34:56.079
There's some really nice companies out there
that have seen their their share price
1355
01:34:56.159 --> 01:35:00.039
come in. You guys continue to
do the financial plans left and right still
1356
01:35:00.079 --> 01:35:04.239
available, give us a call.
We're happy to do that. The guys
1357
01:35:04.319 --> 01:35:11.399
are seeing at least a couple of
people a day. Sometimes it's three,
1358
01:35:11.520 --> 01:35:15.039
sometimes it's four, sometimes it's one. But I think on average it's so
1359
01:35:15.279 --> 01:35:17.399
busy. It's been so busy,
and a lot of it's because of the
1360
01:35:17.439 --> 01:35:20.720
election coming up. People are nervous, like with their allocation that they're not
1361
01:35:20.760 --> 01:35:25.119
really sure if they want to still
be as I guess aggressive, And I
1362
01:35:25.199 --> 01:35:28.199
mean it's July. It's July,
and if you cannot be in Tucson,
1363
01:35:28.279 --> 01:35:30.359
Arizona, you're not in too Sun
Arizona. So if you guys are this
1364
01:35:30.640 --> 01:35:35.319
busy in July, imagine how it's
going to become September October. So if
1365
01:35:35.359 --> 01:35:40.880
you haven't done the financial plan yet
and have interest in that space, give
1366
01:35:40.960 --> 01:35:44.520
us a call five two zero five
four four four nine oh nine. Come
1367
01:35:44.600 --> 01:35:46.880
in for your peace of mind,
if for no other reason, we'd love
1368
01:35:46.960 --> 01:35:50.479
to see you, and I think
you'd get a lot out of it.
1369
01:35:50.560 --> 01:35:54.279
And I've never seen anyone that hasn't
walked away and said, man, that
1370
01:35:54.479 --> 01:35:57.680
was really really nice. But at
the end of the day, we want
1371
01:35:57.720 --> 01:36:00.479
to be happy, but orduately we
want to be healthy, ausse if we're
1372
01:36:00.479 --> 01:36:03.560
not healthy, we're not happy.
But what we're trying to be at Greenberg
1373
01:36:03.680 --> 01:36:08.079
Financial is offitable. To see you
next week.
