Oct. 13, 2024

Politics and the Market: How Current Events Influence Your Financial Planning

Politics and the Market: How Current Events Influence Your Financial Planning

Welcome to another episode of the Money Matter Show with your hosts Dean Greenberg, Dave Sherwood, Dylan Greenberg, and Sebastian Borsini. This week, we're diving deep into the pressing economic issues facing the U.S., the rising national debt, and...

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Welcome to another episode of the Money Matter Show with your hosts Dean Greenberg, Dave Sherwood, Dylan Greenberg, and Sebastian Borsini. This week, we're diving deep into the pressing economic issues facing the U.S., the rising national debt, and the critical need for economic growth. We'll explore the ongoing debates around breaking up large tech companies, government intervention, and the potential global conflicts under different political presidencies. Also, some insight about the wild weather events and how they're affecting the economy.

Transcript
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Good morning everybody. It's that time once again, Sunday, eight o'clock.

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Right here, seven ninety K and st It's the Moneymatter Show,

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and this is Dean Greenberg. The rest of the crew

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will be here for the rest of the show after

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my monologue. I am so happy that you guys listen in.

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We try to give you the best information we can.

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We try to look at what's going on, and we

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kind of look at what's going on, not just in

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the markets, but what drives the markets. And there's a

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lot of political information that's driving the markets. There's obviously

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there was the Federal Reserve minutes this week. There was

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CPIPPI numbers that came out this week. We're gonna discuss

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them and look what's going on. But if you look

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at the markets, it's like incredible right now, the fact

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that we are over fifty eight hundred on the S

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and P five hundred now on the first one. To

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tell you, I don't believe it, can't believe it. It's October.

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It was September. We fell in the first part of September.

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We rallied back up. We fell little bit in October, boom,

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we came right back up. We're getting stretched, man, I'll

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tell you that right now. We're getting stretched. But here's

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the thing. We've mitigated risk. Obviously, it's gone a little

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bit higher than we thought, two or three percent more,

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but we're still making money. Maybe not as much as

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if we didn't reduce our risk exposure, if we didn't hedge,

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but we're still moving up. That's the best thing about

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being able to understand risk reward in the markets, the

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best part about understanding allocation and how you can reduce

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your risk exposure still make money if you wrong, because

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there are things markets coming down, and protect yourself from

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a market that does fall, and being able to be

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able to buy lower. Remember, markets go up, markets go down.

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They don't go straight up. They don't go straight down.

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There's always a reason. What is the reason that markets

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are going higher other than the fact that everyone still

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thinks they're going to loan interest rates, I'm not so

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sure about that. CPI this week came out a little

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bit hotter, meaning there's a little bit more inflation. PPI

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came in line produce at price index Job report, more jobs,

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good for the economy, bad for low on interest rates.

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What's good for the economy is not good for interest

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rates all the time. I know they're trying to get

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it back to normal. I know they're trying to bring

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them down, but we're pretty normal right now. Even though

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we want to see them lower. We want to see

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them lower than six and a half to seven on mortgages.

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I like to see them like four and a half.

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Five would be great. But you don't want to stimulate

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the economy too much, and we are going to see

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bet worst numbers. There's a huge strike going on, huge

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all the dock workers on our worker which means the supply,

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the supply chain is not happening. And when we're not

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seeing the supply chain, you're going to see prices rise.

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It's all about supply and demand. And that's why I

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don't understand where we are in this situation that the

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President didn't use its power to say, hey, let's negotiate this.

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Let's go to the table before we start going on

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strike and causing prices to go up for the American people,

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Let's talk about this and see if we can't get

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it to a resolution. But no, they stay away because

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they want to be pro union. But on the other hand,

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what do they do. They just spout about how we're

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going to keep prices down. We're going to go ahead

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and make sure that nobody is gouging America. But this

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is where the disconnect comes. They have the ability to

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make sure that prices don't go higher, but they don't.

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But then they say, if prices go higher, they're gonna

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go ahead and track them down and find them and

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bring them up in court because they're doing the wrong

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thing to America. Well, very few people are going to

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goug people. But if you don't have to supply and

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you have the demand, prices go up. If you have supply,

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that's more than the demand that prices go down. So

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if you're going to allow the dock workers to go

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ahead again and not be able to bring in the shipments,

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then people that need things are gonna go the opposite way.

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It's just like when we had the pandemic. The biggest

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thing that we had was ships outside miles outside the

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ports because they couldn't get into the ports and unload

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their supplies. So Americans can have their supplies and their goods.

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So the prices went through the ceiling and they have

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not really come back. The inflation numbers say we're not

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going up as much, but they're not coming down. You

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don't see negative inflation. You still see them rising point

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one point two percent, which by the time you've done

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for the year, you're up again. So you're hovering around

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that two and a half three percent. Every year, we're

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gonna go up two and a half or three percent.

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So the government comes out and says next year social

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security is gonna rise by two and a half percent.

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You're gonna break even maybe because prices aren't coming down,

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the inflation numbers coming down. How many people have gone

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to the store, try to go on vacation, buy anything

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and saw prices come down. Very few items have done that,

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And now with them going on with the strike, you're

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gonna see the opposite. So there's where there's empty words

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that are continually coming out of the administration, the pro union,

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so they won't do anything, and if prices go up,

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they're gonna go after the corporations for gouging. We're gonna

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make sure gas prices are lower. Well, you know how

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you make sure gas prices are lower. Drill, baby, drill,

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because then you have a plenty of supply and no

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complaints in to come down energy prices, you wait to

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see what happens over the next two, three, five, ten years.

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Energy prices, my friends, are not coming down. This whole

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thing with AI artificial intelligence is creating havoc in the

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energy world. It takes so much power to run these chips,

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to run these I don't know, these computer bases, to

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run the more artificial intelligence chips and the Blackwell chip

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that's coming out, and they're gonna keep getting better and

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better and faster and faster. They need power. That's why

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Microsoft has made a deal to reopen Three Mile Island

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so they can just have that power. You're gonna see

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different things like this having to come to existence. And

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in the meantime, what are they telling us we want

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to go all ev How are we going to keep

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up with this? We're not. We're not gonna have the

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supply of power, which means the electricity is gonna cost everybody,

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you and me so much more money. Look at your

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bills in the summer versus the winter because we use

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air conditioning. Expect those prices is to double over the

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next three to five years double. We're not going to

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have enough power to do what we're doing. They have

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to start creating different ways, different ideas on how to

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power the AI facilities obviously starting up three a mile island,

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there's one idea, but nobody's talking about that. That's why

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the electric companies have gone to new highs, a lot

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of them, because they're going to have to figure out

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ways to create more more power. For these tech companies.

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There's always something that's going to happen, and you know,

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if you look at it down the road, that's what's

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gonna halt the growth. That's what's gonna halt the growth.

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And if we start not having enough power, and you've

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heard this administration talk about how they're going to have

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tell technology companies they're going to have to cut back.

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If we don't have that supply of power, the ability

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to supply that power, guess what, then we are going

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to lose the technological war to China. We won't be

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able to keep advancing and staying ahead of the game

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if we don't have the power for these tech companies

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to go ahead and do this. And now, guess what

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if it's not Google's just to tip of the iceberg

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with his DOJ Department of Justice. They want to break

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up of Google, then what's next Apple? Then what's next

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after Apple, Meta which was used to be called Facebook,

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and then Amazon, then Microsoft. These companies have grown to

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be large. Yes, I understand monopolies, but he also understand

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that the government cannot do what private companies do. We

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might be living in a world that we have a

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few great, big companies, and we have to adjust to

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that as they grow and become socially responsible in creating

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jobs and doing the things we need. But if we

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start trying to stop that growth, because that's the mentality

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of this administration, we will fall behind. And if you

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want to become number two and number three in the

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world into economic growth and ability, just allow our growth companies,

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our big tech companies out the worldwide. By the way,

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it's not just the United States. We got problems, but

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we need to create growth in America in order to

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keep going forward, so our debt does not topple us.

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Our debt continues to grow thirty five thirty eight trillion dollars,

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where's it going to go to? How are we going

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to pay for this? We can only pay for it

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by growing faster than our debt is. We need to

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get interest rates down, but we need to be able

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to do that with growth not by a government telling

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us they are going to punish people by breaking up companies,

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by telling people what prices they can charge, by saying

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they are there for the American people, when we know

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they're not. I am going to tell you right now. Yeah,

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those people that want to vote for this Harris Waltz presidency,

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you better accept the responsibility when it doesn't work out.

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I and the rest of us listening will accept the

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responsibility if the Trump administration gets in and doesn't work out.

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There is such a difference in the two administrations from

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top to bottom, it's incredible. The new word out there,

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as you know, is misinformation because they can't say fake news.

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They say it's mis information and it's Unamerican to have misinformation.

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But that same party that continues to tell you that

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every time there's something that they do wrong is misinformation,

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which I'm sick and tired of. It's the same party

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that lied about the hunt of Biden laptop, who lied

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about the Russian and Trump relationship for four years, who

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have lied about every single thing that they've come up with.

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And when Trump says it, it's fake news, of course

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not he's lying. According to them, the liars are the

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one that point the finger. Now that's calling it all misinformation.

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But when it was misinformation or fake news that was

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trying to hurt Trump, it was okay. When the FBI

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and the CIA were telling false stories to the American people,

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that wasn't misinformation, that was okay. The more I listen

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to what goes on, the more I realize that there's

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only one person telling most of the truth. Maybe exaggerates

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a little more too much and maybe tells us how

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grat he is too much, But it's Trump. I was

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listening to him on Friday in Colorado and I listened

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to a segment and this has to ring really, really,

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really loud. He talked about, and I've said this many times,

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how he doesn't need to do this. He has power.

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He has some of the most beautiful properties, not just

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in the United States, but in the world. He can

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travel from Monte Carlo to Japan, all the way to Australia,

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any place in the world, and be able to be

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at the nicest resort and the nicest golf courses and

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enjoy his life with his family like most rich people do,

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donating to the causes that they want, doing the things

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they want, having the protection he needs because he's an

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ex president. But he chooses to stand up and take

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the crap from the media from the left and tell

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him how horrible he is and how he's going to

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ruin the world, and they believe it. It is so

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far from the truth. It's unbelievable. The more you hear this,

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think about this. He can do have any type of

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life he wants, and he chooses abuse, and people say

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it's because he wants the power. No, he's got power.

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He's got power. There's not a line he has to

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wait on. There's not an event he can't go to.

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There's not a place in the world he can't have

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be at. There's not anything. For the most part he

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can't buy. He's got power. He doesn't need the presidency

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to have that power. He truly, I believe, wants to

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make America, as he says, great again, but it certainly

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could be better. I cannot believe that they are worried

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if he gets in that we have World War III,

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when the people voting for Harris don't even realize that

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we are in a verge of World War III. There

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was not one war going on. In fact, there were

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peace agreements the Abraham Accord. When Trump was in the

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other countries used our press to tell them how horrible

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he was when he wanted to pull out of the

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Peace Accord in Paris. Of course he did, and we're

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back in and we're paying to nobody else's NATO finally

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stepped up and paid. He was so transparent on telling

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them what was going on that it aggravated our people

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in the United States because they don't know what toughness is.

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The people that want to vote for Harris and Wallash

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just wants no chaos, according to them, and they wanted

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to be great a new future. You are in the future.

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You voted for Biden. You voted for Biden and her.

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You never voted for her, didn't vote for in the primary.

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You wouldn't vote for her again if she was running.

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But you're voting for her because you don't want chaos. Well,

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you might just bring on World War III and a

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recession like you've never seen before. We can't handle the debt,

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we can't handle the socialism, we cannot handle these open borders,

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we cannot handle higher taxes. We can not handle it.

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But that's what you're voting for because you don't want

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chaos because you're so weak that you can't handle a

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little bit of disruption in your life, and you're going

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to allow yourselves to go down the road of picking

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someone that has told you over and over again, she's

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no different than when she ran. But her words come

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out of her mouth, Oh, I'll shut down the border,

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Oh I will go do this, and that. She never

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talked about what she's gonna do with the people in

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the United States. You know, they want to go ahead

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and find a pathway to citizenship for them so they

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can win all the time. You know, they want to

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change the Supreme Court. You know, they want to change

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the electori or voting. They want to change everything for

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them to have the advantage in a game that they

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can't even play equally. They cheat. We know that they

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don't want everyone to have voting ID, which is unbelievably

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ridiculous because you need it for everything that we do,

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but except to vote for Americans. They want illegal people

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to vote. They want them to have driver's licenses, and

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you know they don't buy insurance. They don't want to

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deport the bad ones. But this is all misinformation, right, No,

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it's not. The misinformation continues to come from the left side.

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And the more we have this, the more our economy

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is not going to be able to handle it. Our

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economy is as fake right now as what they say.

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And that's what scares me. That's what scares me about

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the markets. I'll figure out a way to make money

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no matter what, maybe not right away. We mitigate risk

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in the face of this when we have such when

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our evaluations are so much higher than normal, it scares me.

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I reduce my risk when the things are going on

279
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in the presidency, when we don't know what she's going

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to do on day one. Okay, the power of the

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00:19:20.319 --> 00:19:23.359
president is pretty big of what they can do with

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just a pen. And you know the way she is.

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You know, she raised money for the people that destroyed

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Seattle and all. You know, the people that set our

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federal buildings on fire and our police stations on fire.

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She raised money to be able to get them out

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on bail. You know, she was okay with people robbing stores,

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and it was okay for the things that go on.

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You know that. You know she's for open borders, and

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you know she doesn't have a clue about foreign affairs.

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Could you imagine a sitting across from Putin or she

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or the guy from North Korea or Iran? Are you

293
00:20:11.519 --> 00:20:15.519
kidding me? She's gonna laugh, She's not even gonna know.

294
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She's gonna Oh yeah, I'm a middle class woman. I

295
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grew up in a middle class society. I don't care.

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We all did at some time, and she didn't. Her

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parents were professors, they were well educated, they were well compensated.

298
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No one calls her out what a middle class family

299
00:20:37.079 --> 00:20:41.839
really is. She had more than most, she had opportunity,

300
00:20:41.880 --> 00:20:46.119
more than most. And she sits there and talks about

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the let's go forward in such a great way. Well,

302
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how are you gonna change it? Nobody knows what she's

303
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gonna do. And I'm telling you right now, she ain't changing.

304
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She'll change right back to the things that she believes in.

305
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She's going to find a way to keep those borders open,

306
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maybe not directly, but indirectly. She's going to find a

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00:21:12.279 --> 00:21:15.440
way to go ahead and try to get amnesty. She's

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going to go ahead and try to get past the citizenships.

309
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She's going to try to get people here to take

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the jobs. But where is she going to do the

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other things? And remember, too, the one thing that I

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00:21:26.279 --> 00:21:30.640
thought that they did great, I really do we start

313
00:21:30.680 --> 00:21:36.160
putting money into the Chip Act, giving money to companies

314
00:21:36.240 --> 00:21:42.079
in the United States to build factories to create the

315
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AI chips, and what does Intel do? They leave off

316
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twelve thousand people. All the tech companies are leaving off,

317
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are letting off people, laying off people. How smart are they?

318
00:21:53.599 --> 00:21:56.359
When Obama did it, companies went bankrupt after they got

319
00:21:56.400 --> 00:22:00.680
billions of dollars? How smart are they? Telling one that

320
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the mandate is going to be by twenty and thirty

321
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everyone has to have an EV car, no more gas

322
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combuntion cards, and look what happens, Ford, GM, Toyota. They

323
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I'll say, no, no, we're cutting back. We're losing billions

324
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of dollars, trying to live up to what they want

325
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and which by the way, obviously people that bought those

326
00:22:21.400 --> 00:22:27.640
cars are it's super happy, cold weather, hot weather, trying

327
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to plug them in, not plugging them in. Electricity price

328
00:22:30.720 --> 00:22:33.839
is going up, you name it, it's happening all right.

329
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No comprehension plan other than what people want to hear. Period,

330
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we had the bigger the government. Okay, there's no different

331
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than big companies too. It is harder to do things.

332
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You know, you hear all these things about FEMA in

333
00:22:53.000 --> 00:22:56.440
South Carolina and all right, well, here's the deal. It's

334
00:22:56.480 --> 00:22:59.000
not like they're not trying to do stuff. But when

335
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you have layers and layers and layers of different governmental

336
00:23:05.200 --> 00:23:10.079
agencies that have to answer to everybody else and can't

337
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do anything on their own because they're afraid they have

338
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to go ahead and follow procedures, no different than the

339
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way our school systems are. No one can do stuff.

340
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But on a governmental base, it is so big and

341
00:23:23.759 --> 00:23:27.599
so large, nothing gets done. Things get screwed up, and

342
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Americans die. That's it at the bottom of it. And

343
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if you think about Afghanistan and how we blew that,

344
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it was because the governmental agencies that all working together

345
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can't work together. They can't make decisions without talking to

346
00:23:43.039 --> 00:23:45.480
getting everyone on board and then finally stepping off on

347
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this and someone else. Get rid of the bureaucracy, make

348
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it smaller, make it more flexible, and things will get

349
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done better and easier. I'm all about bringing back US

350
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manufacturing jobs. I'm all about bringing back people to help America.

351
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I'm all about having the borders to wear the closed

352
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and allowing immigrants to come in here to help America.

353
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Help America. Put America first so we can help others.

354
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There's no way we can help others if we can't

355
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stand solid on our ground and be number one in

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the world. We'll be right back. We got a lot

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to talk about the markets. Thank you so much for

358
00:24:28.000 --> 00:24:29.240
listening to The Money Matter Show.

359
00:24:30.039 --> 00:24:32.240
Good morning, Welcome back to the Money Matter Show. This

360
00:24:32.359 --> 00:24:35.799
is Dave Sherwood. I'm here with Dean Greenberg, Sebastian Borsini,

361
00:24:35.880 --> 00:24:40.279
Dylan Greenberg, Todd Glick, junior. Our marathoner is running the

362
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Chicago Marathon today. As you know, he qualified for Boston

363
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and this boy is on his way to becoming one

364
00:24:47.400 --> 00:24:49.759
of the top marathoners in the country. Is his dream.

365
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And at twenty three, as focused as he is, we

366
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wish him nothing but the best as well.

367
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On his way, he's trying to break two hours and

368
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forty minutes race, which is crazy.

369
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He's as focused on as I've seen anyone focused on

370
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anything in my life. That's which is really good. And

371
00:25:04.839 --> 00:25:07.960
he's about sixty two or three and long and lean

372
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and a good, perfect runner.

373
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For Todd, I think he just thinks about running and

374
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bitcoin all day.

375
00:25:13.319 --> 00:25:16.240
Yeah, No, he's got a runner's body he does, he's

376
00:25:16.240 --> 00:25:17.559
bill for him. Good for him.

377
00:25:17.599 --> 00:25:18.960
It works hard for us who deserves it.

378
00:25:19.039 --> 00:25:20.799
I always like to look at the headlines when we

379
00:25:20.839 --> 00:25:23.000
start this segment, and I think a couple of headlines.

380
00:25:23.039 --> 00:25:24.880
One big one for those of us who are on

381
00:25:24.920 --> 00:25:28.000
Social Security to get a two point five percent cost

382
00:25:28.160 --> 00:25:32.599
living adjustment. Pretty good thing. The other two big headlines

383
00:25:32.640 --> 00:25:36.480
this week were weather Hurricane Milton. It came ashore in Florida,

384
00:25:36.559 --> 00:25:40.000
and thankfully it had gone from a Category five to

385
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a Category two by the time it hit a landfall,

386
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so the dammage don't tell the people in Orlando was

387
00:25:46.319 --> 00:25:46.960
not a big deal.

388
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Well, Tampa knows Tampa.

389
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There's a lot of folks that are underwater there, so

390
00:25:50.880 --> 00:25:53.240
it's it's a major deal. But it was nowhere near

391
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what it could have been.

392
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I know it's and it's crazy to think about that

393
00:25:55.799 --> 00:25:58.920
because I mean it ripped It had that Tropicana indoor facility,

394
00:25:58.960 --> 00:26:01.119
like the indoor field. I think it's where the race

395
00:26:01.119 --> 00:26:05.119
play ripped off the entire roof What I learned though,

396
00:26:05.400 --> 00:26:08.400
is palm trees are very sturdy. I never knew like

397
00:26:08.440 --> 00:26:11.480
how unbelievable They're showing phil like live footage of it

398
00:26:11.519 --> 00:26:13.200
and it was a win. Like it's leaves were just

399
00:26:13.240 --> 00:26:18.240
bent over in half, but that the trunk didn't even move. Yeah,

400
00:26:18.240 --> 00:26:18.960
it's crazy.

401
00:26:19.119 --> 00:26:21.160
I guess that's why they have palm trees in Florida, right.

402
00:26:21.119 --> 00:26:23.400
I don't know that's strong, but yeah, that's crazy over them.

403
00:26:23.400 --> 00:26:25.200
Mean a hundred mile an hour wins, twenty mile an

404
00:26:25.200 --> 00:26:25.839
hour wins.

405
00:26:26.160 --> 00:26:28.359
The other weather story was a was a local one

406
00:26:28.400 --> 00:26:32.000
where Tucson set an all time record on Thursday for

407
00:26:32.319 --> 00:26:34.599
one hundred degree days in a given year. I hope

408
00:26:34.599 --> 00:26:36.720
we break the record one hundred and ninth and the

409
00:26:36.799 --> 00:26:39.799
Friday of the one hundred and tenth one and eight

410
00:26:40.200 --> 00:26:42.799
one hundred degree days was the previous record.

411
00:26:43.359 --> 00:26:43.759
Jeez.

412
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I hope next year we break the record for coldest.

413
00:26:47.519 --> 00:26:48.319
Yeah.

414
00:26:48.359 --> 00:26:49.279
I'm sick of the hundred.

415
00:26:49.359 --> 00:26:51.559
I don't want cold. I'm tired, but I really am

416
00:26:51.759 --> 00:26:55.039
tired of the heat. And I'm told that the weather

417
00:26:55.119 --> 00:26:59.319
services predicting his in the eighties next week. Yeah, yeah,

418
00:26:59.359 --> 00:27:01.400
so we could be done with which hopefully we're done.

419
00:27:01.400 --> 00:27:04.400
Going back to the markets, though pretty hot last week too,

420
00:27:04.720 --> 00:27:07.640
so resilient everything was up a percent and it's really

421
00:27:07.640 --> 00:27:10.039
because I mean so CPI was just the consumer Price

422
00:27:10.079 --> 00:27:12.799
Index came in slightly hotter than expected, which was zero

423
00:27:12.799 --> 00:27:15.839
point one percent increase for the month, then annualize as well.

424
00:27:16.039 --> 00:27:18.119
But then on Friday, the PPI, which is the Producer

425
00:27:18.119 --> 00:27:20.319
Price Index, which is what all the producers that sell

426
00:27:20.319 --> 00:27:23.480
you the stuff get their prices, they went downpoint or

427
00:27:23.519 --> 00:27:25.599
they were flat, and then the core PPI was up

428
00:27:25.640 --> 00:27:27.240
one point two percent, but it was all in line

429
00:27:27.279 --> 00:27:29.240
with expectations or lower than expectations.

430
00:27:29.319 --> 00:27:33.640
Yeah. The the PPI in theory is the future, right.

431
00:27:33.799 --> 00:27:34.400
That's what you think.

432
00:27:34.480 --> 00:27:36.720
You think the producers passed it on to the consumers, right,

433
00:27:36.759 --> 00:27:38.559
So when it's lower, you're like, Okay, that's actually better

434
00:27:38.559 --> 00:27:42.240
news than we thought. So the camera set the CPI numbers.

435
00:27:42.319 --> 00:27:46.079
Yeah, September, for the first time in years, the inflation

436
00:27:46.200 --> 00:27:49.640
was zero. Yeah, the PPI and the PPI was zero.

437
00:27:50.119 --> 00:27:52.599
And but the market has been so resilient. I mean,

438
00:27:52.640 --> 00:27:55.119
it doesn't care that we're in one of the worst

439
00:27:55.200 --> 00:27:57.559
months of the year for the market. It doesn't care

440
00:27:57.640 --> 00:27:59.759
that the price earnings ratio is the highest it has

441
00:27:59.759 --> 00:28:03.039
been in twenty years. It doesn't care that the oscillator

442
00:28:03.759 --> 00:28:07.480
is flashing cell sell sell, It doesn't care that interest

443
00:28:07.559 --> 00:28:10.359
rates have been steadily rising for the last month and

444
00:28:10.400 --> 00:28:13.440
a half, and it doesn't care that oil prices are

445
00:28:13.480 --> 00:28:14.279
back on the rise.

446
00:28:14.640 --> 00:28:17.279
Yeah, I mean dopas also hit the highest levels in

447
00:28:17.319 --> 00:28:19.079
a year. LA, So we've got two hundred.

448
00:28:18.759 --> 00:28:19.200
The eight thousand.

449
00:28:19.359 --> 00:28:21.200
It doesn't care, which is scary.

450
00:28:21.480 --> 00:28:21.680
Yeah.

451
00:28:21.799 --> 00:28:23.279
I think at one point it's gonna it's got to

452
00:28:23.359 --> 00:28:23.960
pull back.

453
00:28:24.440 --> 00:28:28.279
Valuation. This is a line that I've heard over the years.

454
00:28:29.279 --> 00:28:33.440
Valuation doesn't matter until it does. Yeah, there'll come a

455
00:28:33.519 --> 00:28:36.079
day when when the market's a little weaker, and then

456
00:28:36.119 --> 00:28:38.240
everybody's gonna start looking around and go, well, wait a second.

457
00:28:38.319 --> 00:28:42.359
The valuation is very stretched here, there's no underpinning. I

458
00:28:42.799 --> 00:28:45.880
don't like a market. This is the fifth consecutive week higher.

459
00:28:46.200 --> 00:28:49.160
I don't like a market that goes up this strong

460
00:28:49.359 --> 00:28:52.720
this long, because generally there's a pullback.

461
00:28:52.960 --> 00:28:55.519
You were saying that a lot about Tesla the last

462
00:28:55.519 --> 00:28:57.079
couple of years, because it just kept going up and

463
00:28:57.119 --> 00:28:57.519
nothing matter.

464
00:28:57.640 --> 00:28:58.400
Valuation doesn't matter.

465
00:28:58.480 --> 00:29:02.079
That it's p ratio is like until it mattered.

466
00:29:02.359 --> 00:29:05.440
Look at it mattered. And but speaking of Testa, you

467
00:29:05.440 --> 00:29:06.400
want to talk a little bit about that.

468
00:29:06.440 --> 00:29:08.599
Yeah, it was a little segue into Tesla. They had

469
00:29:08.599 --> 00:29:12.400
a rough week. They had their on Thursday night, they

470
00:29:12.400 --> 00:29:16.519
had their Autonomous Driving Future event where they show their

471
00:29:16.559 --> 00:29:19.680
robotaxis that they're planning to deliver. They also had a

472
00:29:19.759 --> 00:29:22.279
robo van and they have a humanoid robot like the

473
00:29:22.319 --> 00:29:26.519
one from I Robot, and it was very underwhelming to investors,

474
00:29:26.559 --> 00:29:30.160
mostly because of the timeline. He must keeps talking about

475
00:29:30.200 --> 00:29:32.359
all this robotaxis and everything like that, but there's no

476
00:29:32.720 --> 00:29:36.519
timeline except for the robotaxi and that's coming by twenty

477
00:29:36.559 --> 00:29:38.599
twenty seven is what they said. Three years from now

478
00:29:38.640 --> 00:29:41.400
for the robovan, yeah, maybe, which everything we know with

479
00:29:41.440 --> 00:29:44.119
Tesla from past, it always takes longer. The cyber Star

480
00:29:44.200 --> 00:29:47.759
came out two years later, so that doesn't make investors happen.

481
00:29:47.799 --> 00:29:50.920
And then on the robo van, there's no timeline, there's

482
00:29:50.960 --> 00:29:53.079
no price, So that's way that's probably ten years in

483
00:29:53.160 --> 00:29:55.720
the future. When it comes, it's going to be great,

484
00:29:55.880 --> 00:29:58.240
but you don't know what's gonna come. And then the

485
00:29:59.000 --> 00:30:02.200
humanoid robot, no time on on that either. They're working

486
00:30:02.200 --> 00:30:04.359
them in the factories. That's how they're testing them in

487
00:30:04.400 --> 00:30:07.559
their Tesla factories, and they're supposed to be able to

488
00:30:07.599 --> 00:30:10.319
do like monotonou stuff at your house mow the lawn,

489
00:30:11.039 --> 00:30:12.599
take the trash out stuff like that, and then have

490
00:30:12.680 --> 00:30:15.839
conversations with you. It's like a babysitter said, ultimately, but

491
00:30:15.880 --> 00:30:17.079
I don't. They don't have a time on it when

492
00:30:17.079 --> 00:30:20.200
they're gonna start selling that. So nothing in the near

493
00:30:20.279 --> 00:30:22.680
future is happening with Tesla, and that's why investors were

494
00:30:22.720 --> 00:30:24.359
sour on it, and that's why it's sold off over

495
00:30:24.400 --> 00:30:25.359
eight percent on Friday.

496
00:30:25.400 --> 00:30:27.000
Yeah, dropped ten at the open. I saw it was

497
00:30:27.039 --> 00:30:30.319
actually down ten percent of the open, Yeah, and finished

498
00:30:30.359 --> 00:30:32.759
down seven or eight percent. The big winner on that

499
00:30:32.880 --> 00:30:36.599
story was Uber and Left Left, both of those two. Yeah.

500
00:30:36.640 --> 00:30:39.519
They were concerned about the competition that this robo taxi

501
00:30:39.599 --> 00:30:41.640
was going to bring to the space, and now they're

502
00:30:41.640 --> 00:30:44.400
saying it's three, four or five years away. Who cares?

503
00:30:44.519 --> 00:30:46.759
Yeah, and uh, I mean the one that's really in

504
00:30:46.799 --> 00:30:49.799
the should win is way Mo, which Google invests in. Yes,

505
00:30:50.079 --> 00:30:52.759
because that's already here and that's running a lot, and

506
00:30:52.759 --> 00:30:54.519
it's expanded, especially with Google's investment.

507
00:30:54.720 --> 00:30:58.839
Google just got so much government weight on their shoulders

508
00:30:58.920 --> 00:31:00.920
right now. It's just hard for them to even get

509
00:31:00.920 --> 00:31:01.160
out of.

510
00:31:01.119 --> 00:31:04.039
The Have you guys ever seen that Uber documentary that's

511
00:31:04.079 --> 00:31:06.559
so Neflix It's kind of cool as I was kind

512
00:31:06.559 --> 00:31:11.680
of thinking about how maybe we have you know, technology

513
00:31:11.720 --> 00:31:15.519
grows exponentially and it grows super quickly. And seeing that

514
00:31:15.599 --> 00:31:18.279
in the documentary, seeing the cab industry just die, seeing

515
00:31:18.319 --> 00:31:23.119
it get expunged by Uber and Lyft business model, it's

516
00:31:23.160 --> 00:31:26.720
amazing to see how fast that lift and Uber might

517
00:31:26.759 --> 00:31:29.279
be able to or Tesla might be able to come

518
00:31:29.279 --> 00:31:31.279
in and take that market share away from them. I

519
00:31:31.279 --> 00:31:33.599
know they're talking two to three years out, but ultimately,

520
00:31:33.759 --> 00:31:36.000
is Uber and Lyft going to be the next cab industry?

521
00:31:36.559 --> 00:31:36.759
Yeah?

522
00:31:36.799 --> 00:31:38.519
And I mean when you're talking the grand scheme of things,

523
00:31:38.559 --> 00:31:39.920
two to three years is that long? So I mean

524
00:31:39.960 --> 00:31:42.880
cabs are around for sixty years, got taken out within

525
00:31:42.960 --> 00:31:45.920
five or ten, And I mean it takes a while.

526
00:31:45.960 --> 00:31:48.200
Like Uber has been a company since twenty ten roughly,

527
00:31:48.720 --> 00:31:51.200
and it didn't really take over cabs completely until like

528
00:31:51.200 --> 00:31:54.079
twenty twenty. I was able to go everywhere all around

529
00:31:54.079 --> 00:31:54.960
the country in the world.

530
00:31:55.039 --> 00:31:59.480
You're absolutely right, yeah, speaking of a Google or Alphabet

531
00:31:59.519 --> 00:32:03.880
and Way, which is of course their company. On Tuesday,

532
00:32:03.920 --> 00:32:08.440
a federal court filed submitted a file that gave a

533
00:32:08.559 --> 00:32:13.200
range of options, including setting restrictions or ordering the company

534
00:32:13.240 --> 00:32:16.559
to break up and what they're calling an unlawful monopoly.

535
00:32:16.599 --> 00:32:18.960
You may recalled they did lose a court case. Yeah,

536
00:32:19.039 --> 00:32:21.720
and it's being appealed. But I think the weight of

537
00:32:21.759 --> 00:32:25.559
all this stuff on Google is keeping it from enjoying

538
00:32:26.240 --> 00:32:27.920
participation in this rally.

539
00:32:28.359 --> 00:32:30.319
Yeah, I would say so, and then I was we

540
00:32:30.440 --> 00:32:34.200
were the people we follow. It's Cramer's guys, as they say,

541
00:32:34.799 --> 00:32:37.519
it's like it's going to be kind of what what

542
00:32:37.720 --> 00:32:40.119
Microsoft went through, which took almost a decade to settle

543
00:32:40.279 --> 00:32:43.160
with their monopoly issues with the government. So there's nothing

544
00:32:43.200 --> 00:32:46.359
that's going to hit it too immediately, but it is

545
00:32:46.400 --> 00:32:47.960
something to keep an eye on throughout the.

546
00:32:47.920 --> 00:32:51.000
Next few years. But it has that headline risk exactly.

547
00:32:51.039 --> 00:32:52.720
You know the three ms struggled with.

548
00:32:52.720 --> 00:32:54.359
It didn't hit as much as I thought it would

549
00:32:54.440 --> 00:32:56.640
when initially said that, because I think people are getting

550
00:32:56.680 --> 00:32:59.880
kind of just used to hearing the monopoly breakup.

551
00:33:00.119 --> 00:33:03.720
Nothing happens, whether I was interested in watching is dj

552
00:33:03.880 --> 00:33:05.880
T Donald D. Trump, you know, which is the Trump

553
00:33:05.960 --> 00:33:10.079
media stock back. It's it's like we've been taking we

554
00:33:10.119 --> 00:33:12.759
know that the fundamentals of the company are non existent,

555
00:33:12.960 --> 00:33:14.400
had what four million.

556
00:33:14.160 --> 00:33:16.759
Dollars it doesn't matter yet for that company dollar two

557
00:33:16.839 --> 00:33:17.519
dollars whatever.

558
00:33:17.759 --> 00:33:21.039
But it's been actually been acting like a proxy for

559
00:33:21.079 --> 00:33:24.920
Trump's chances, which I hope it is. The stock had

560
00:33:25.000 --> 00:33:29.440
dropped as low as twelve dollars a share nine to

561
00:33:29.839 --> 00:33:32.599
four that's two weeks ago. Two weeks ago is twelve

562
00:33:32.680 --> 00:33:35.759
dollars a share and since that point, and it dropped

563
00:33:35.799 --> 00:33:38.079
twelve dollars a share because they took the handcuffs off

564
00:33:38.119 --> 00:33:40.559
of the people that were the original investors so they

565
00:33:40.559 --> 00:33:43.680
could sell take you know, profit, take some of their profits,

566
00:33:43.720 --> 00:33:46.680
which they did a big time, drove it down to

567
00:33:46.720 --> 00:33:48.920
twelve bucks to share. It has since then in two

568
00:33:48.920 --> 00:33:52.519
weeks more than doubled. Now is that telling us that

569
00:33:52.559 --> 00:33:56.400
Trump's chances are improving dramatically?

570
00:33:56.680 --> 00:33:58.920
Well if it still has to hit an all time

571
00:33:59.000 --> 00:34:02.480
high and a long way to go for Oh yes, yes, yes.

572
00:34:02.119 --> 00:34:05.640
Well it weren't uh big investors saying they weren't selling

573
00:34:05.680 --> 00:34:07.559
to last couple of weeks.

574
00:34:07.759 --> 00:34:11.239
Trump said he wasn't selling. And he als fifty out

575
00:34:11.559 --> 00:34:15.000
fifty percent of his entire net worth is his holding

576
00:34:15.039 --> 00:34:19.320
in dj T goes up. It's amazing he there certainly

577
00:34:19.320 --> 00:34:23.159
hopes it goes up. Man alive Taiwan Semiconductor already up

578
00:34:23.199 --> 00:34:26.239
eighty percent this year for actually lower On Wednesday, despite

579
00:34:26.239 --> 00:34:30.239
a blowout quarter, revenue was up forty percent year over year. Dean,

580
00:34:30.840 --> 00:34:34.679
there was nothing wrong with ai Taiwan. Sammy course is

581
00:34:34.679 --> 00:34:37.119
the one that assembles all this stuff for people. And

582
00:34:38.159 --> 00:34:41.559
forty percent increase in revenue year over year. That doesn't

583
00:34:41.599 --> 00:34:45.119
just come out of the sky. There's something something behind that.

584
00:34:46.920 --> 00:34:52.800
My biggest thing.

585
00:34:51.840 --> 00:34:56.760
It is, Oh, no question, I heard you talk about

586
00:34:56.760 --> 00:34:58.960
that inel monologue later on.

587
00:34:59.039 --> 00:35:10.760
It's just going to get wor we'll always.

588
00:35:08.199 --> 00:35:10.320
They reopened there. You're going to reopen the Michigan plant,

589
00:35:10.320 --> 00:35:13.639
the Michigan New Clear plant. I have to what is

590
00:35:15.199 --> 00:35:18.480
right to get another one?

591
00:35:21.079 --> 00:35:21.519
Maybe this is.

592
00:35:23.679 --> 00:35:25.719
Maybe this is going to force us to get rid

593
00:35:25.719 --> 00:35:29.320
of that paranoia we have about nuclear oil.

594
00:35:30.159 --> 00:35:31.519
We got to use the oil right now if we

595
00:35:31.559 --> 00:35:33.679
want to keep it going right now. If we don't,

596
00:35:33.679 --> 00:35:35.880
we're going to be in trouble. All right, Listen, we

597
00:35:35.960 --> 00:35:38.880
have another lots of talk about we'll be back. It's

598
00:35:38.880 --> 00:35:40.920
the money Bay, the show. I can't tell you how

599
00:35:41.000 --> 00:35:43.599
much we're happy and appreciate you guys all listening, calling,

600
00:35:43.679 --> 00:35:46.840
being part of what we do and building relationships with us.

601
00:35:46.920 --> 00:35:47.719
We'll be right back.

602
00:35:49.159 --> 00:35:50.920
Welcome back to the Money Matter Show. My name is

603
00:35:50.920 --> 00:35:54.840
Sebastian Borsenium here with David Sherwood, Dylan Greenberg, and Dean Greenberg.

604
00:35:54.920 --> 00:35:57.679
Todd is away on vacation. Not really, He's actually going

605
00:35:57.719 --> 00:35:59.840
to be running a marathon this weekend. Then telling a vacation,

606
00:36:00.039 --> 00:36:00.920
it doesn't sound like a vacation.

607
00:36:00.960 --> 00:36:02.559
I don't want to go around twenty six point two

608
00:36:02.599 --> 00:36:03.559
miles on my vacation.

609
00:36:03.760 --> 00:36:04.199
Not really.

610
00:36:04.360 --> 00:36:06.320
No, at a very very high rate of speed.

611
00:36:06.559 --> 00:36:08.800
Speaking to Todd and speaking of hurricanes, I do want

612
00:36:08.800 --> 00:36:10.000
to give him a little bit of a shout out

613
00:36:10.039 --> 00:36:13.000
because he was talking about Generak Holdings, thought that it

614
00:36:13.000 --> 00:36:14.719
would get a little bit of a bid just because

615
00:36:14.760 --> 00:36:16.400
of what's going on over in Florida.

616
00:36:16.519 --> 00:36:16.960
And it did.

617
00:36:16.960 --> 00:36:19.760
It certainly did. One day, it opened up eight percent

618
00:36:21.840 --> 00:36:24.599
just because of Hurricane Milton, and it intensified into the

619
00:36:24.639 --> 00:36:27.079
category five storm.

620
00:36:26.559 --> 00:36:29.000
So that they finished a week up six percent.

621
00:36:29.400 --> 00:36:30.679
I was going to say, gave a little bit of

622
00:36:30.679 --> 00:36:33.760
a back later on in the week. But nice, nice call, Todd.

623
00:36:33.800 --> 00:36:37.159
You know, when Todd was talking about Generak several weeks ago,

624
00:36:37.199 --> 00:36:40.599
I said that thing's been like tank. It stank right,

625
00:36:40.639 --> 00:36:42.559
and he said, what are you talking about? So I

626
00:36:42.639 --> 00:36:46.880
went back and looked. During the pandemic that hit five

627
00:36:46.920 --> 00:36:49.679
hundred dollars a year, I guess on the thinking that

628
00:36:49.920 --> 00:36:51.559
we were all going to be stuck in our houses

629
00:36:51.599 --> 00:36:54.599
and the power grid was going to go down. It

630
00:36:54.719 --> 00:36:55.920
was going to be the end of the world. If

631
00:36:55.960 --> 00:36:58.079
you didn't have a generator, you're going to be out

632
00:36:58.119 --> 00:37:01.400
of luck. It then fell eighty percent in the next

633
00:37:01.480 --> 00:37:04.880
twelve months. Wow, eighty percent. That's what I looked at it, said,

634
00:37:04.960 --> 00:37:09.039
my goodness, because I thought the personal generator space was

635
00:37:09.119 --> 00:37:12.400
probably a pretty intelligent place to take a look and look,

636
00:37:12.880 --> 00:37:16.119
is down eighty percent, and I think that what I've

637
00:37:16.199 --> 00:37:20.599
obviously I'm not seen something. However, since then, the stock

638
00:37:20.639 --> 00:37:22.960
has rallied fifty seven percent in the last twelve months.

639
00:37:23.000 --> 00:37:26.280
Talk about bolling them down eighty percent of fifty seven percent,

640
00:37:26.760 --> 00:37:28.960
and like you said, added another eight percent due to

641
00:37:29.000 --> 00:37:33.599
the hurricane. It's not an inexpensive stock, but it is

642
00:37:33.639 --> 00:37:37.480
one of those that is sensible. It does make sense.

643
00:37:37.559 --> 00:37:39.599
Yeah, it doesn't really seem like a cyclical type of

644
00:37:39.599 --> 00:37:42.000
thing either, you know what I mean, Like it comes

645
00:37:42.039 --> 00:37:45.599
around when there's hurricanes. It comes around when COVID happens.

646
00:37:45.800 --> 00:37:48.519
Yeah, and I think it really will will take off

647
00:37:48.599 --> 00:37:51.199
if we start to have brown house blackouts, par great

648
00:37:51.280 --> 00:37:55.119
issues with all of this AI electric cars and all that.

649
00:37:55.280 --> 00:37:57.119
And that's part of the reason why we've seen the

650
00:37:57.159 --> 00:38:00.000
top performing sector of this year is what utility is.

651
00:38:00.320 --> 00:38:02.559
Yeah, I mean my power at my house goes out

652
00:38:03.079 --> 00:38:04.719
and I'm win in one of the worst parts of town.

653
00:38:04.800 --> 00:38:07.159
I'm down by the Fort Lowell Historic District, which.

654
00:38:07.280 --> 00:38:08.719
I'm in worst parts of town in.

655
00:38:08.719 --> 00:38:11.840
Terms of power, in terms of the of the power grid.

656
00:38:12.639 --> 00:38:15.440
If somebody sneezes, our power goes off, and I look

657
00:38:15.480 --> 00:38:17.840
at the TEP power I would just map and it's

658
00:38:17.920 --> 00:38:24.800
like three houses. Yeah, the power grid there is for

659
00:38:24.840 --> 00:38:27.239
whatever reason, it's a little a little weak, right, So

660
00:38:27.800 --> 00:38:30.519
I think that once you start to But and yet

661
00:38:30.639 --> 00:38:33.159
in that very week era, my power goes out maybe

662
00:38:33.199 --> 00:38:37.599
two or three times a year. So I'm not driven

663
00:38:37.639 --> 00:38:39.599
to buy a generator. They're not cheap.

664
00:38:39.760 --> 00:38:41.760
No, I don't think it's so.

665
00:38:42.199 --> 00:38:45.280
I think my brother lives in Minneapolis as an example,

666
00:38:45.320 --> 00:38:47.719
and he's always had a generator. Is it's just something

667
00:38:47.719 --> 00:38:48.440
they do there.

668
00:38:48.480 --> 00:38:50.960
Right, It's not a West Coast thing. No, I don't.

669
00:38:50.760 --> 00:38:54.960
Know, no, so we'll see interesting. Another good week in

670
00:38:55.000 --> 00:38:57.159
the market. The markets for five weeks in a row,

671
00:38:57.239 --> 00:39:01.039
higher interest rates keep moving higher, the highest now since

672
00:39:01.079 --> 00:39:05.400
the since July. On the calendar. Next week, we got

673
00:39:05.440 --> 00:39:09.360
retail sales on Thursday, and of course third quarter earnings starting.

674
00:39:09.760 --> 00:39:13.280
They started Friday, but they start to kick in in earnest.

675
00:39:13.320 --> 00:39:17.079
It seems like it's always earning season because these companies,

676
00:39:17.199 --> 00:39:19.119
you know, spread their earnings over a couple of months,

677
00:39:19.119 --> 00:39:21.239
and so you're done with the last one. Here comes

678
00:39:21.280 --> 00:39:24.559
the first one again. It was banks Banks on Friday

679
00:39:24.639 --> 00:39:28.239
they killed and Wells Fargo I think both beat earnings

680
00:39:28.280 --> 00:39:32.159
and then JP bet revenue two. Yeah, the bank etf

681
00:39:32.239 --> 00:39:35.880
Dyllan hit a new all time high, all time high. Crazy.

682
00:39:36.039 --> 00:39:39.320
How much bigger JP Morgan chases than Wells Fargo the

683
00:39:39.440 --> 00:39:42.760
net interesting income. JP Morgan's expecting a ninety five billion

684
00:39:42.800 --> 00:39:45.119
dollars or ninety two and a half billion dollars this year.

685
00:39:45.920 --> 00:39:49.719
Wells Fargo is expecting forty nine double double.

686
00:39:50.000 --> 00:39:50.559
It's insane.

687
00:39:50.559 --> 00:39:52.800
Almost bigger JP is than the other ones.

688
00:39:52.880 --> 00:39:57.039
Wow, that's amazing. Oil very volatile week. He got as

689
00:39:57.079 --> 00:39:59.719
high as seventy eight. I saw it as low as

690
00:39:59.719 --> 00:40:02.840
seven twenty one. It finished at seventy four to eighty,

691
00:40:02.880 --> 00:40:06.000
which was up fifty cents on the week, still well

692
00:40:06.000 --> 00:40:08.199
above whar it's been over the last few weeks, though.

693
00:40:08.400 --> 00:40:11.360
Gold up another ten dollars again a balls a week

694
00:40:11.400 --> 00:40:14.159
finished a twenty six fifty five, which I think is

695
00:40:14.159 --> 00:40:17.000
about thirty bucks off of it's all time high. Yeah,

696
00:40:17.119 --> 00:40:19.880
it's been an incredible place to be this year. And

697
00:40:19.920 --> 00:40:23.119
if you've got been buying gold, good for you. For you.

698
00:40:24.000 --> 00:40:25.559
Hey, by the way, I don't know if you said

699
00:40:25.559 --> 00:40:28.800
the has gone for a second. It's September, historically the

700
00:40:28.800 --> 00:40:31.679
worst month of the year, usually down. It was up

701
00:40:32.159 --> 00:40:33.119
across the boardline.

702
00:40:33.239 --> 00:40:35.280
It was up two percent. But just get this, it

703
00:40:35.320 --> 00:40:37.320
was the third worst month this year. I know.

704
00:40:38.000 --> 00:40:40.079
But it's like, it's just interesting that that was the

705
00:40:40.199 --> 00:40:42.000
up And when you're thinking, okay, it had to be

706
00:40:42.119 --> 00:40:44.719
because they cut at fifty bases points the FED. Even

707
00:40:44.760 --> 00:40:47.519
though we think it's too much, they still cut and

708
00:40:47.559 --> 00:40:51.000
that's just showing that they think inflation's taming. But it's

709
00:40:51.000 --> 00:40:52.800
still I mean, it doesn't make you feel the easiest

710
00:40:52.800 --> 00:40:54.239
when it goes up five weeks in a row in

711
00:40:54.280 --> 00:40:55.519
a historically bad.

712
00:40:55.400 --> 00:40:59.239
Time had a strong rally in Chinese stocks a week ago,

713
00:40:59.280 --> 00:41:01.199
and then last week gave back a good chunk of

714
00:41:01.239 --> 00:41:04.360
it on Monday and Tuesday, down about ten percent, most

715
00:41:04.360 --> 00:41:06.559
of them on Tuesday after the country failed to announce

716
00:41:06.639 --> 00:41:10.960
further stimulus. Get this, hedge funds that recently flocked into

717
00:41:11.039 --> 00:41:14.760
Chinese stocks on stimulus hopes did a one eighty posting

718
00:41:14.800 --> 00:41:20.639
the largest single day nets selling of Chinese securities and history. Wow,

719
00:41:20.920 --> 00:41:25.079
hedge funds, the largest single day of Chinese selling in history.

720
00:41:25.840 --> 00:41:28.599
That's pretty incredible, isn't it. Yeah, it is net selling

721
00:41:28.719 --> 00:41:32.039
one point four times larger than the previous record.

722
00:41:32.440 --> 00:41:34.400
Which is crazy. I mean, it shows that this one

723
00:41:34.480 --> 00:41:37.480
the stimulus is just stopping. China thinks their economy might

724
00:41:37.519 --> 00:41:39.639
be getting better. They don't want to just keep giving

725
00:41:39.639 --> 00:41:41.800
out free money, even though they are communist country. But

726
00:41:42.880 --> 00:41:46.000
I don't know, I think any I mean the market.

727
00:41:46.079 --> 00:41:48.840
We keep thinking as a firm that the markets have

728
00:41:48.920 --> 00:41:51.199
to top out at some point. We got through September,

729
00:41:51.239 --> 00:41:54.079
which is historically a bad month. We are going to October.

730
00:41:54.360 --> 00:41:57.039
We're in the uncertainty of what's going on with the election.

731
00:41:57.920 --> 00:41:59.440
Yet we still go up. And like we were saying

732
00:41:59.440 --> 00:42:00.880
in the first part of the show was.

733
00:42:01.280 --> 00:42:02.360
Marcus just don't care.

734
00:42:02.719 --> 00:42:06.000
No, it's at this point where no news is bad news,

735
00:42:06.320 --> 00:42:08.599
which eventually every news is bad news. And we've seen

736
00:42:08.639 --> 00:42:10.719
it over the last couple of years. So I mean,

737
00:42:10.760 --> 00:42:12.719
if you're sitting out there and you're happy right now,

738
00:42:12.840 --> 00:42:15.840
or you're uncertain, or you're very just uncomfortable with why

739
00:42:15.920 --> 00:42:17.440
it's going up. You don't know what's going on, and

740
00:42:17.480 --> 00:42:19.079
you haven't checked your accounts in a while, and you

741
00:42:19.199 --> 00:42:21.400
aren't sure about what's going on with the election, what

742
00:42:21.480 --> 00:42:23.800
could happen next year. Is time to start looking at

743
00:42:24.000 --> 00:42:26.880
what is going on with your account, with your portfolio,

744
00:42:27.039 --> 00:42:29.239
with your risk tolerance, all of that stuff. And that's

745
00:42:29.239 --> 00:42:31.320
why we always talk about the financial plan. It's very

746
00:42:31.360 --> 00:42:35.639
important to update, to revis you, to even just review

747
00:42:35.679 --> 00:42:38.599
your portfolio. We have that risk analyze you always talk

748
00:42:38.639 --> 00:42:41.159
about that. We can check it to see if it's

749
00:42:41.199 --> 00:42:42.760
in line with your current risk and if it's not,

750
00:42:42.960 --> 00:42:43.840
how do we change it.

751
00:42:44.000 --> 00:42:45.679
I want to talk a little bit about the dynamic

752
00:42:45.760 --> 00:42:48.199
nature of the financial plan, just because I had a

753
00:42:48.239 --> 00:42:51.119
call today and somebody we had clients, and they were

754
00:42:51.280 --> 00:42:54.119
they're headed into retirements. They've just signed with us and

755
00:42:54.639 --> 00:42:56.599
they're very happy with the fact that they're able to

756
00:42:56.639 --> 00:42:59.199
retire here in the next two years. One of their

757
00:42:59.199 --> 00:43:02.559
objectives to Okay, I want to pay for my daughter's wedding.

758
00:43:04.360 --> 00:43:06.320
We didn't know We obviously don't know when that was

759
00:43:06.360 --> 00:43:08.320
going to happen, right, But they give me a call

760
00:43:08.360 --> 00:43:11.239
and they say, Hey, my daughter just got engaged June

761
00:43:11.280 --> 00:43:14.400
twenty twenty five. I would like to put that into

762
00:43:14.440 --> 00:43:15.880
the plan. I'd like you to go in and re

763
00:43:16.000 --> 00:43:19.119
update that see how it affects, because we can do that.

764
00:43:19.239 --> 00:43:22.079
If you want to buy a car, if you come

765
00:43:22.119 --> 00:43:24.679
in and have this financial plan with us and you

766
00:43:24.760 --> 00:43:26.400
have a goal of buying a car two years down

767
00:43:26.400 --> 00:43:27.760
the road, we could show you what that looks like.

768
00:43:27.800 --> 00:43:29.199
We could show you what it looks like if you

769
00:43:29.519 --> 00:43:32.320
decide to finance it or decide to pay for it cash,

770
00:43:32.320 --> 00:43:36.079
and how it changes the probability of success within your plan,

771
00:43:36.440 --> 00:43:37.639
which is really cool.

772
00:43:37.840 --> 00:43:40.920
It is and I mean it's all included with everything

773
00:43:40.920 --> 00:43:42.159
and what it is. It doesn't always have to be

774
00:43:42.199 --> 00:43:44.639
an hour long meeting either. Yeah, one thing specifically you

775
00:43:44.679 --> 00:43:46.000
want to come in to talk about, we'd be happy

776
00:43:46.039 --> 00:43:48.199
to meet and talk about that because even just like

777
00:43:48.239 --> 00:43:51.960
the daughter's wedding. It's a probably a quick conversation. It's

778
00:43:51.960 --> 00:43:54.039
a big event in your life, and it's a big

779
00:43:54.079 --> 00:43:56.239
monetary event too, so as you're looking at it, you

780
00:43:56.280 --> 00:43:57.559
want to look at it. It's just not something that

781
00:43:57.599 --> 00:43:58.760
you have to sit there for an hour or two

782
00:43:58.800 --> 00:44:00.760
hours out of your day to do. But it is

783
00:44:00.800 --> 00:44:02.760
an important thing and it is very easy. And that's

784
00:44:02.760 --> 00:44:03.920
why it doesn't have to be an hour, because it

785
00:44:04.000 --> 00:44:05.360
is an easy plan to update.

786
00:44:05.119 --> 00:44:07.400
At all time and not to mention again, like you said,

787
00:44:07.440 --> 00:44:09.119
he did not have to come in and update that

788
00:44:09.199 --> 00:44:11.840
part of the plan. Why because we are independent firm

789
00:44:11.880 --> 00:44:14.199
and we have five six advisors here that you could

790
00:44:14.199 --> 00:44:16.159
give us a call and we're gonna pick up the

791
00:44:16.159 --> 00:44:17.559
phone and we could go in and update it.

792
00:44:17.639 --> 00:44:17.800
Right.

793
00:44:17.840 --> 00:44:21.480
This doesn't need to be a huge long conversation about

794
00:44:21.599 --> 00:44:23.360
what it's going to look like. Just give me a call,

795
00:44:23.519 --> 00:44:25.280
all input in the plan and send it back to you.

796
00:44:25.440 --> 00:44:26.760
You're not going to get the phone tree.

797
00:44:26.800 --> 00:44:28.360
It's the best thing about the plan that we've seen

798
00:44:28.360 --> 00:44:31.239
over the last few years after we've started adopting financial

799
00:44:31.280 --> 00:44:33.559
planning as a firm. I mean, we've been an investment

800
00:44:33.840 --> 00:44:37.400
money manager firm for thirty five years. We started adopting

801
00:44:37.400 --> 00:44:41.119
this financial plan five six years ago full time and

802
00:44:41.920 --> 00:44:45.079
it's just been immensely It's just crazy how beneficial it

803
00:44:45.079 --> 00:44:46.559
has been to clients because they can see their whole

804
00:44:46.559 --> 00:44:50.599
financial picture in one snapshot, and it just helps them

805
00:44:50.920 --> 00:44:51.840
see what's going on.

806
00:44:51.840 --> 00:44:54.559
Right being able to visualize it. And I think back

807
00:44:54.599 --> 00:44:56.360
on one of the days that we dropped S and

808
00:44:56.360 --> 00:44:59.360
P five hundred dropped two percent this year, and we

809
00:44:59.400 --> 00:45:01.639
didn't have too many calls that day. Why Because they

810
00:45:01.760 --> 00:45:05.760
understand the risks that they took on. They understand that

811
00:45:05.840 --> 00:45:08.880
their plan might suffer this in the intermediate term, but

812
00:45:09.000 --> 00:45:11.000
ultimately it will work. And we are able to put

813
00:45:11.039 --> 00:45:13.400
that on a picture for you. Before we get into

814
00:45:13.440 --> 00:45:15.360
anything else, I do want to get into that disclaimer.

815
00:45:15.440 --> 00:45:17.639
Unfortunately I forgot to do that in the last segments.

816
00:45:17.639 --> 00:45:17.960
Here we go.

817
00:45:18.679 --> 00:45:20.760
The show is sponsored by the Greenberg Financial Group and

818
00:45:20.760 --> 00:45:23.440
you can listen on seven to ninety KNSD or iHeartRadio.

819
00:45:23.480 --> 00:45:26.800
This show discusses different investment products and strategies. Every product

820
00:45:26.880 --> 00:45:29.519
in strategy have some type of inherent risk, and we

821
00:45:29.559 --> 00:45:32.239
strongly encourage our listeners to properly understand this risk to

822
00:45:32.320 --> 00:45:35.280
determine whether to buy, sell or hold. The show has

823
00:45:35.320 --> 00:45:37.519
been on air for over thirty years. The Greenbrig Financial

824
00:45:37.559 --> 00:45:39.719
Group is registered with the SEC and a member of

825
00:45:39.760 --> 00:45:42.800
FINERA and sipik Thissit our website at Greenberg Financial dot

826
00:45:42.800 --> 00:45:45.320
com for some more information. If you ever have a question,

827
00:45:45.360 --> 00:45:47.039
you could give us a call here at the office

828
00:45:47.079 --> 00:45:49.800
five two zero five four four four nine zero nine,

829
00:45:50.000 --> 00:45:53.000
or shoot us an email contact at Greenberg Financial dot

830
00:45:53.039 --> 00:45:55.920
com if you'd like to ask a question and we'll

831
00:45:55.960 --> 00:45:56.760
answer it on the air.

832
00:45:57.519 --> 00:45:59.800
Yeah, definitely. We always like them. We can't do the

833
00:45:59.840 --> 00:46:02.519
love questions anymore obviously because we record this on Fridays,

834
00:46:02.920 --> 00:46:04.960
but we love having the questions come in because it's

835
00:46:04.960 --> 00:46:07.840
always a great conversation point and it's great to see

836
00:46:07.840 --> 00:46:10.519
what clients out there and people out there really questioning

837
00:46:10.559 --> 00:46:12.519
and I'll trying to understand in the financial.

838
00:46:12.199 --> 00:46:14.639
World, right and if you're asking it and that that

839
00:46:14.719 --> 00:46:17.599
probably means somebody else is having the same question exactly.

840
00:46:18.119 --> 00:46:20.039
And before we get down to the next hour, just

841
00:46:20.039 --> 00:46:21.840
for those to tuning in real quick. The dolls up

842
00:46:21.840 --> 00:46:24.000
one point two percent for the week. The SMP five

843
00:46:24.079 --> 00:46:26.760
hundred was up one point one percent. The Nasdaq was

844
00:46:26.840 --> 00:46:29.280
up one point one percent as well, and the rest

845
00:46:29.320 --> 00:46:31.519
of two thousand, which is the small cap was up

846
00:46:31.519 --> 00:46:33.840
one percent. And then that equal weighted S and P

847
00:46:33.920 --> 00:46:35.840
five hundred, which we've been watching more closely over the

848
00:46:35.880 --> 00:46:38.559
last couple of years because of the concentration of the

849
00:46:38.599 --> 00:46:41.119
tech stocks that had been riding the market, was up

850
00:46:41.159 --> 00:46:43.400
point eight percent. So as a whole, the market was

851
00:46:43.440 --> 00:46:47.239
doing pretty well. It goes back to that whole. No

852
00:46:47.280 --> 00:46:48.000
news is bad news.

853
00:46:48.039 --> 00:46:50.000
Right now, the news is bad news. All time highs

854
00:46:50.000 --> 00:46:52.599
in the down the SMP, yep, what a time.

855
00:46:53.320 --> 00:46:56.239
And even the equal weighted SMP hit an all time high.

856
00:46:56.760 --> 00:46:59.239
So before we go back, it's if you have any

857
00:46:59.280 --> 00:47:01.239
questions about your financial plan, if you have any questions

858
00:47:01.239 --> 00:47:03.840
about your portfolio, how it's allocated, if it's in line

859
00:47:03.880 --> 00:47:06.480
with your risk tolerance, give us a call, come in

860
00:47:06.559 --> 00:47:08.840
meet with us. We'll go through the planet. It's all complimentary,

861
00:47:09.039 --> 00:47:11.039
it's all free. We're here to help and we're here

862
00:47:11.039 --> 00:47:13.320
to educate and that is our biggest goal. And we

863
00:47:13.400 --> 00:47:15.599
have a state planners we work with, we have tax

864
00:47:15.599 --> 00:47:17.280
accounts we work with. We're trying to be that one

865
00:47:17.320 --> 00:47:21.159
stop shop and the family office for the small person

866
00:47:22.000 --> 00:47:23.599
does not have to have ten, fifteen to twenty fifty

867
00:47:23.639 --> 00:47:25.480
million dollars to be a family office. That's what we're

868
00:47:25.480 --> 00:47:27.920
striving for here. So give us a call or just

869
00:47:27.920 --> 00:47:30.039
come on in. We'll be right back. You listen to

870
00:47:30.079 --> 00:47:35.840
the Money Out Of Show. Thanks for tuning in. Welcome

871
00:47:35.880 --> 00:47:37.760
back to the second hour of The Money Matter Show.

872
00:47:37.760 --> 00:47:39.239
We got a lot to talk about. We've been talking

873
00:47:39.239 --> 00:47:41.320
about a lot. It's an interesting time in the markets

874
00:47:41.360 --> 00:47:44.800
and in the political world. I'm Dylan Greenberg. I'm here

875
00:47:44.840 --> 00:47:48.360
with Dave Sherwood, Sebastian Borsini, and Dean Greenberg. Todd Glick

876
00:47:48.440 --> 00:47:50.360
is over in Chicago running the marathon right now, trying

877
00:47:50.400 --> 00:47:52.559
to break two hours and forty minutes, which is just insane.

878
00:47:53.280 --> 00:47:55.480
It's trying to be quicker and quicker each time, try

879
00:47:55.519 --> 00:47:57.599
and probably get under two thirty for the Boston.

880
00:47:57.760 --> 00:47:59.840
And I mean, this is just some guy that's out running around.

881
00:47:59.840 --> 00:48:02.679
This is a guy who's really intensely serious about I mean,

882
00:48:02.679 --> 00:48:06.000
that's elite runner status, right, Yeah, this is elite status. Yeah.

883
00:48:06.239 --> 00:48:07.960
And he just keeps getting better and better. It's cool

884
00:48:07.960 --> 00:48:08.360
to see.

885
00:48:09.000 --> 00:48:09.159
Uh.

886
00:48:09.199 --> 00:48:11.079
For those of you just tuning in, the Dow was

887
00:48:11.159 --> 00:48:13.159
up one point two percent for the week, the sm

888
00:48:13.199 --> 00:48:15.239
P five hundred was up one point one percent, the

889
00:48:15.320 --> 00:48:17.599
Nasdaq was up one point one percent, and the Wrestle

890
00:48:17.639 --> 00:48:19.840
two thousand was up one percent. The equal weay to

891
00:48:20.000 --> 00:48:23.360
SMP five hundred was up point eight percent. For the month,

892
00:48:23.880 --> 00:48:25.760
the Dow is up one point three percent, the SMP

893
00:48:26.719 --> 00:48:29.159
is up point nine and the Nasdaq is up point

894
00:48:29.159 --> 00:48:32.199
eight percent. Then Russell two thousands up point two and

895
00:48:32.280 --> 00:48:34.320
the RSP is up point four.

896
00:48:34.800 --> 00:48:35.320
So it was a.

897
00:48:35.280 --> 00:48:37.679
Great We kind of got everything back into positive territory

898
00:48:37.719 --> 00:48:38.159
for the month.

899
00:48:38.719 --> 00:48:41.000
And we're talking in the first hour. I'm sorry, we're

900
00:48:41.000 --> 00:48:44.679
talked to the first hour about about the plethora of

901
00:48:44.760 --> 00:48:45.639
things that are wrong.

902
00:48:46.800 --> 00:48:49.280
Yeah, you know, no news is bad news right now.

903
00:48:49.440 --> 00:48:51.239
They're just not a good part of the mark. The

904
00:48:51.280 --> 00:48:56.440
market just is ignoring, uh, October is ignoring the price

905
00:48:56.480 --> 00:48:59.960
earnings ratio of the oscillators, rising rates, rising oil price.

906
00:49:00.519 --> 00:49:02.679
It's just as resilient as could be. A want to

907
00:49:02.760 --> 00:49:03.280
go higher.

908
00:49:03.360 --> 00:49:05.760
Market is not allowed to go down until November.

909
00:49:05.320 --> 00:49:09.400
Fifth, good point, good point. So you're thinking the whole

910
00:49:09.400 --> 00:49:12.360
thing's manipulated somebody, some of you would have to have

911
00:49:12.559 --> 00:49:14.880
many billions of dollars to make that happen. But I'm

912
00:49:14.920 --> 00:49:15.519
sure they got.

913
00:49:15.440 --> 00:49:19.239
People coming out saying the fete is politically motivated to yo, yeah,

914
00:49:19.280 --> 00:49:22.920
like yeah, it's all. Everything's politically motivated. Everything is that is.

915
00:49:23.599 --> 00:49:25.320
I can't wait time of the year. I can't wait

916
00:49:25.400 --> 00:49:27.239
for the ads to end, right, I don't wait for

917
00:49:27.280 --> 00:49:32.320
the cycle to be over me somehow, on my somehow,

918
00:49:32.320 --> 00:49:34.559
on my I just attack ads too totally.

919
00:49:35.519 --> 00:49:37.239
You vote for this person, They're terrible, You're terrible.

920
00:49:37.280 --> 00:49:40.760
It's ridiculous because the works. It's crazy. I asked, I

921
00:49:40.800 --> 00:49:44.239
wondered about that the last two election cycles ago. I

922
00:49:44.719 --> 00:49:48.280
did a little research on why there's so many negative ads,

923
00:49:48.320 --> 00:49:51.119
and the answer is because they work well.

924
00:49:51.119 --> 00:49:52.880
And that's what it's really changed to over the last

925
00:49:53.000 --> 00:49:53.840
eight to ten years.

926
00:49:53.920 --> 00:49:54.360
I agree.

927
00:49:54.440 --> 00:49:56.559
Imagine if we put all that money that they put

928
00:49:56.599 --> 00:49:59.639
into ads into something that may actually benefit society. I

929
00:49:59.639 --> 00:50:00.280
don't know it has.

930
00:50:01.079 --> 00:50:02.719
It has nothing to do with about what that person

931
00:50:02.760 --> 00:50:05.239
wants to do if they're elected. It's how bad the

932
00:50:05.280 --> 00:50:07.639
other person is and how good they are. It's an

933
00:50:07.679 --> 00:50:09.719
egotistical thing. It's ridiculous.

934
00:50:09.760 --> 00:50:10.519
It's ridiculous.

935
00:50:10.599 --> 00:50:13.519
Someone last week said, but one of my guys, one

936
00:50:13.559 --> 00:50:16.679
of my friends on timmermak a pretty sharp guy, he said.

937
00:50:17.159 --> 00:50:19.920
He said, I don't normally right into these talk shows,

938
00:50:19.960 --> 00:50:22.000
he said, but I had to write it. He said,

939
00:50:22.079 --> 00:50:26.000
how about this, How about Harris and Trump both suspend

940
00:50:26.039 --> 00:50:29.400
their campaigns for one week and take whatever money they

941
00:50:29.400 --> 00:50:31.639
were going to spend on those campaigns for that one

942
00:50:31.679 --> 00:50:35.599
week and donated to North Carolina.

943
00:50:35.840 --> 00:50:38.000
That would be awesome, That solved the problem, would make

944
00:50:38.039 --> 00:50:38.599
a lot of sense.

945
00:50:38.639 --> 00:50:40.920
Oh my goodness, what a better world. It would be

946
00:50:41.119 --> 00:50:44.159
in so many different ways. But I thought, you know,

947
00:50:44.199 --> 00:50:44.800
that's kind of good.

948
00:50:45.199 --> 00:50:47.360
Yeah, And then you got Harris saying that how her

949
00:50:47.400 --> 00:50:49.280
and Bidener is on the same page, and she's saying

950
00:50:49.719 --> 00:50:54.079
that DeSantis has did no help, is just ignoring her calls,

951
00:50:54.360 --> 00:50:56.079
doesn't like or doesn't want to work with them. And

952
00:50:56.079 --> 00:50:58.440
then Biden turns around the same day says the Santa

953
00:50:58.440 --> 00:51:00.679
this is great. He's been working with us this entire

954
00:51:00.719 --> 00:51:03.519
time in FEMA. They're gonna be on more opposite pages,

955
00:51:03.559 --> 00:51:05.920
which means her campaign is just saying attack, attack, attack.

956
00:51:05.960 --> 00:51:06.360
I did see.

957
00:51:06.360 --> 00:51:08.639
They won't say any good things, just attack the other

958
00:51:08.719 --> 00:51:10.199
side politicians.

959
00:51:10.480 --> 00:51:13.119
Bitcoin took a five percent rally on Friday to get

960
00:51:13.119 --> 00:51:15.480
bitcoin back to a one percent gain for the week.

961
00:51:15.840 --> 00:51:17.719
Must have taken a big header early in the week

962
00:51:17.760 --> 00:51:21.199
there ash I didn't notice, but it looked like bitcoin

963
00:51:21.239 --> 00:51:23.039
took a pretty good header early in the week.

964
00:51:23.199 --> 00:51:23.800
Yeah, they did.

965
00:51:23.920 --> 00:51:26.960
And you know what actually did pretty good this week

966
00:51:27.000 --> 00:51:30.199
was a bitcoin miners oh okay, which was interesting just

967
00:51:30.199 --> 00:51:32.320
because usually they're running tandem with each other. But that

968
00:51:32.440 --> 00:51:33.039
was notice today.

969
00:51:33.079 --> 00:51:34.960
I thought the bitcoin miners had kind of been left

970
00:51:34.960 --> 00:51:35.440
in the dust.

971
00:51:35.480 --> 00:51:36.519
They have been left in the dust.

972
00:51:36.559 --> 00:51:39.079
You're right, you're right, okay, but they still go up there.

973
00:51:39.119 --> 00:51:42.039
It's because there's a couple of times there where Bitcoin

974
00:51:42.119 --> 00:51:43.480
just had a rally and they didn't follow.

975
00:51:44.519 --> 00:51:44.960
But not me.

976
00:51:45.039 --> 00:51:46.760
For the most part, they're moving in tandem. It's just

977
00:51:46.800 --> 00:51:49.480
bigcoin or the like the miners like Marathon and stuff.

978
00:51:49.519 --> 00:51:51.360
Just had a couple of weeks where it was slower.

979
00:51:51.960 --> 00:51:54.440
I had some news on Amazon opened three percent lower

980
00:51:54.480 --> 00:51:58.079
on Monday. Wells Fargo downgraded to a hold and cut

981
00:51:58.079 --> 00:52:00.480
the price target to one hundred and eighty three, which

982
00:52:00.519 --> 00:52:03.400
is essentially where it was trading on Monday. The analyst

983
00:52:03.440 --> 00:52:08.519
City expects no upside and short term pressure. They're worried

984
00:52:08.599 --> 00:52:13.320
about Walmart competition. And I heard that I thought, wait

985
00:52:13.360 --> 00:52:17.480
a second, Walmart's been trying to compete with Amazon for

986
00:52:17.760 --> 00:52:21.800
years and they've just done a horrible job of it.

987
00:52:21.840 --> 00:52:24.519
Is it because Amazon's is finally slowing down their growth

988
00:52:25.599 --> 00:52:27.239
like they kind of they kept getting in the new

989
00:52:27.239 --> 00:52:31.280
areas and new things for years, and they just kept exploding.

990
00:52:31.280 --> 00:52:32.920
And now it seems like they're not doing that as

991
00:52:33.000 --> 00:52:36.119
much as trying to perfect what they're doing, and Walmart's

992
00:52:36.119 --> 00:52:37.880
still trying to build what they're doing on their online

993
00:52:37.920 --> 00:52:39.719
presence and the way they shift things.

994
00:52:40.079 --> 00:52:42.559
I guess I'm it might be getting closer. I actually

995
00:52:42.639 --> 00:52:45.840
had a curiosity going a couple of years ago, decided

996
00:52:45.880 --> 00:52:48.079
that for a period, and I'm a big Amazon guy,

997
00:52:48.119 --> 00:52:50.400
I used Amazon Amazon to my house at least a

998
00:52:50.400 --> 00:52:52.800
couple times a week. I decided I was going to

999
00:52:52.800 --> 00:52:55.360
become a Walmart guy just to try it, just to see,

1000
00:52:55.480 --> 00:52:57.840
kind of like my tesla, right, just see what see

1001
00:52:57.880 --> 00:53:02.400
what it's like. It was a nightmare. There was a nightmare.

1002
00:53:02.400 --> 00:53:04.360
I mean the things they didn't they didn't have half

1003
00:53:04.400 --> 00:53:07.199
of the things. I mean, I could I could be

1004
00:53:07.400 --> 00:53:09.599
go on Amazon and say I want a pair of

1005
00:53:09.639 --> 00:53:13.480
pink nail clippers and they would have them on on Walmart,

1006
00:53:13.639 --> 00:53:17.039
even the basic stuff they didn't have, and then if

1007
00:53:17.079 --> 00:53:19.440
you did get it, it was three four days later.

1008
00:53:19.519 --> 00:53:22.679
It was It just was no, there was no competition.

1009
00:53:22.840 --> 00:53:27.039
So Amazon dipping because Walmart's gonna cut into their business,

1010
00:53:27.119 --> 00:53:28.800
I think is probably folly.

1011
00:53:29.039 --> 00:53:31.119
Yeah, I don't know why I would go to Walmart

1012
00:53:31.159 --> 00:53:33.440
dot Com rather than Amazon. Yeah, trying to get something

1013
00:53:33.440 --> 00:53:34.199
shipped to my house.

1014
00:53:34.280 --> 00:53:38.320
Amazon has those fulfillment centers that are million square feet

1015
00:53:38.320 --> 00:53:40.840
and they just keep building more. Yes, And that's why

1016
00:53:40.920 --> 00:53:43.039
they can get you those pink nail clippers within.

1017
00:53:42.840 --> 00:53:44.360
The day, and they come faster and faster.

1018
00:53:44.920 --> 00:53:45.119
Yeah.

1019
00:53:45.159 --> 00:53:48.119
And I don't see Walmart competing with that, No, because

1020
00:53:48.159 --> 00:53:50.719
that's how Amazon built to where they are.

1021
00:53:50.840 --> 00:53:54.239
That's what they pride themselves on. They're both two great companies,

1022
00:53:54.280 --> 00:53:57.719
but they serve different purposes. I agree, Yeah, and I

1023
00:53:57.760 --> 00:53:59.920
don't think one's competing with the other.

1024
00:54:00.079 --> 00:54:02.079
Maybe that's one analyst just saying I want to be

1025
00:54:02.079 --> 00:54:02.639
ahead of the game.

1026
00:54:02.760 --> 00:54:04.400
See if I get it right, Try to make try

1027
00:54:04.440 --> 00:54:04.880
to make an aim.

1028
00:54:04.880 --> 00:54:06.800
It's an economist, I'm wrong, whatever.

1029
00:54:06.719 --> 00:54:10.360
Ye, try to make a naim fromself, Yeah, exactly. Apple

1030
00:54:10.480 --> 00:54:13.559
Edge lower On Monday, Jefferes downgraded Apple from a bike

1031
00:54:13.599 --> 00:54:15.880
to hold you don't shoe too many downgrades of Apple.

1032
00:54:16.639 --> 00:54:19.760
They said it is an attracted long term buy Sea Bass,

1033
00:54:20.360 --> 00:54:24.280
but they think the tech giants hardware needs to rework

1034
00:54:25.079 --> 00:54:30.239
before being capable of serious AI, with a likely timeframe

1035
00:54:30.320 --> 00:54:34.039
of twenty twenty six or twenty twenty seven, that's two

1036
00:54:34.079 --> 00:54:34.960
to three years from now.

1037
00:54:35.039 --> 00:54:36.639
That's as far as the robotaxi is.

1038
00:54:36.760 --> 00:54:39.440
I mean, you're gonna have a robo taxi before you

1039
00:54:39.480 --> 00:54:43.159
have an iPhone that can handle AI properly.

1040
00:54:43.320 --> 00:54:45.920
But also announce that they're going to start restructuring their

1041
00:54:45.960 --> 00:54:48.920
annual announcements for their new technology. It's going to be

1042
00:54:48.920 --> 00:54:51.039
interesting to see how they do that and what I mean.

1043
00:54:51.079 --> 00:54:54.000
You always look forward to August September each year. What's

1044
00:54:54.000 --> 00:54:56.639
Apple coming out with? Yes, the new stuff, what's the rumors?

1045
00:54:56.719 --> 00:54:57.000
Yes?

1046
00:54:57.079 --> 00:54:58.880
So now they're going to start phasing that out and

1047
00:54:58.920 --> 00:55:01.400
I don't know, they haven't announced exactly how they're going

1048
00:55:01.440 --> 00:55:03.400
to redo it, but they said they're gonna start phasing

1049
00:55:03.440 --> 00:55:04.480
out that annual release.

1050
00:55:04.840 --> 00:55:05.760
So it's gonna be interesting to.

1051
00:55:05.719 --> 00:55:07.880
See if that helps or if it hurts or it

1052
00:55:07.920 --> 00:55:08.480
does nothing.

1053
00:55:08.719 --> 00:55:11.039
We know this was no big rush to the iPhone

1054
00:55:11.079 --> 00:55:14.079
sixteen because it just isn't AI capable yet, and that

1055
00:55:14.239 --> 00:55:16.480
was the one thing that was going to start this supercycle,

1056
00:55:17.119 --> 00:55:19.480
was the AI capability, and that just doesn't They haven't

1057
00:55:19.480 --> 00:55:20.239
turned it on yet.

1058
00:55:20.519 --> 00:55:22.480
Another space that the Apple, the Apple is going to

1059
00:55:22.519 --> 00:55:24.800
make some money on, is actually from company a firm.

1060
00:55:25.559 --> 00:55:28.400
A firm shares moved ten percent higher after the Wells

1061
00:55:28.400 --> 00:55:31.800
Fargo upgrades the stock to overweights from equal weights after

1062
00:55:32.000 --> 00:55:35.480
they announced a partnership with Apple Apple pay. Yeah, so

1063
00:55:35.559 --> 00:55:38.360
they're going to start I could use a firm on

1064
00:55:38.440 --> 00:55:41.719
Apple pay. Firm will now pay Apple for that.

1065
00:55:41.840 --> 00:55:45.960
And the firm is the Bilater company.

1066
00:55:45.559 --> 00:55:47.559
The one that was all the rage and then they

1067
00:55:47.559 --> 00:55:49.000
were going to go out of business and now they're

1068
00:55:49.000 --> 00:55:49.719
all the rage again.

1069
00:55:50.800 --> 00:55:54.320
People use it interesting. I think that's any credit card. Yeah,

1070
00:55:54.360 --> 00:55:57.079
anytime that I shop online, I have an option to

1071
00:55:57.119 --> 00:56:00.159
either use a firm that thing called Klarna. Yeah, one

1072
00:56:00.199 --> 00:56:02.239
of the buy now pay leaders a firm a lot

1073
00:56:02.480 --> 00:56:02.880
out there.

1074
00:56:03.519 --> 00:56:06.159
One of the worst performing Dow stocks is Boeying, and

1075
00:56:06.199 --> 00:56:08.920
it was in the news big time this week. They

1076
00:56:08.960 --> 00:56:13.079
announced that they had delivered thirty three airplanes in September,

1077
00:56:13.760 --> 00:56:16.519
which is six more than they did during the same period.

1078
00:56:16.519 --> 00:56:20.239
A year earlier, but through September, Boying has handed over

1079
00:56:20.280 --> 00:56:23.880
two hundred and ninety one aircraft, which is down twenty

1080
00:56:23.880 --> 00:56:28.000
percent from last year. Rival Airbus has delivered four hundred

1081
00:56:28.000 --> 00:56:31.119
and forty seven airplanes in that same time period, fifty

1082
00:56:31.159 --> 00:56:33.159
percent more than Boying, which you hate to see.

1083
00:56:33.280 --> 00:56:35.880
Boeing also laid off seventeen thousand people on day Wait

1084
00:56:36.039 --> 00:56:36.960
up that beach to it.

1085
00:56:37.800 --> 00:56:39.599
In a related story, I were done.

1086
00:56:39.639 --> 00:56:42.440
No, no, I kind of I understand why you would

1087
00:56:42.480 --> 00:56:44.400
jump in there. But in a related story, the union

1088
00:56:44.440 --> 00:56:48.199
talks broke down last week. The strike is costing Boying

1089
00:56:48.519 --> 00:56:52.400
one billion dollars a month, which prompted the S and

1090
00:56:52.400 --> 00:56:54.920
P to cut their credit rating outlook to negative and

1091
00:56:54.960 --> 00:56:57.480
sent the stock to a two year low. And then Friday,

1092
00:56:57.760 --> 00:57:01.400
after the market closed, as Dylan just said, announ say

1093
00:57:01.400 --> 00:57:04.119
they're going to lay off seventeen thousand employees, which is

1094
00:57:04.159 --> 00:57:08.400
ten percent of their workforce. Made me wonder, made me

1095
00:57:08.519 --> 00:57:13.800
wonder are these temporary job cuts, these seventeen thousand people,

1096
00:57:14.760 --> 00:57:18.400
or is this a bargaining ship Because if you've got

1097
00:57:18.559 --> 00:57:20.519
if you're on strike and you're out there walking the

1098
00:57:20.519 --> 00:57:24.360
picket line, and one better pay higher, pay better benefits.

1099
00:57:24.360 --> 00:57:26.400
And you find out the company is really struggling and

1100
00:57:26.440 --> 00:57:29.840
they're going to start firing everybody, you might change your mind.

1101
00:57:30.559 --> 00:57:34.400
You might change your mind because the current pay versus

1102
00:57:34.519 --> 00:57:37.840
no pay probably more attractive.

1103
00:57:38.480 --> 00:57:39.000
You would think.

1104
00:57:39.039 --> 00:57:41.199
So, Yeah, I don't know. Is it a bargaining ship?

1105
00:57:41.320 --> 00:57:43.000
Is it for real? Is it temporary?

1106
00:57:43.320 --> 00:57:45.679
Both inside issues for like four years now? Oh no,

1107
00:57:45.880 --> 00:57:46.760
it just doesn't go away.

1108
00:57:46.800 --> 00:57:47.039
It's not.

1109
00:57:47.079 --> 00:57:48.440
I don't know about you, but when I'm on a plane,

1110
00:57:48.440 --> 00:57:50.000
I look, if I see a seven thirty seven, now

1111
00:57:50.239 --> 00:57:50.719
it makes the thing.

1112
00:57:50.920 --> 00:57:54.159
Rice, I told you. I'm on our trip. We were

1113
00:57:54.159 --> 00:57:56.679
on our went to Milwaukee and then drove over to

1114
00:57:56.679 --> 00:57:59.840
Minneapolis and flew home from Minneapolis. Involved four flights, and

1115
00:58:00.159 --> 00:58:03.480
four flights we had three airbus and one seven thirty seven.

1116
00:58:04.119 --> 00:58:06.360
And when we got on the seven thirty seven, my wife,

1117
00:58:06.400 --> 00:58:08.599
who doesn't really pay that close of attention to these

1118
00:58:08.599 --> 00:58:12.199
sort of things, goes, is that the one that was recalled? Yeah?

1119
00:58:12.280 --> 00:58:13.559
Is that the one?

1120
00:58:13.920 --> 00:58:16.039
And everybody hears about it.

1121
00:58:16.079 --> 00:58:18.199
I will say this though, the seven thirty seven was

1122
00:58:18.239 --> 00:58:20.199
a heck of a lot more comfortable than the airbus.

1123
00:58:20.960 --> 00:58:23.360
Oh yeah, in terms of room, in terms of leg room,

1124
00:58:23.400 --> 00:58:24.719
and I don't know just.

1125
00:58:24.639 --> 00:58:25.920
To con' even noticed that.

1126
00:58:27.360 --> 00:58:27.480
Them.

1127
00:58:27.559 --> 00:58:31.480
Yeah, I'm no, Yeah you are. I'm just a scrawny

1128
00:58:31.519 --> 00:58:32.079
little old man.

1129
00:58:32.599 --> 00:58:35.400
Is the jets US Global Jets ETF?

1130
00:58:35.519 --> 00:58:41.760
Is that just the airlines domestic? Yeah? No, not just domestic?

1131
00:58:41.800 --> 00:58:45.119
But does that include a company like Boeing a manufacturing.

1132
00:58:44.679 --> 00:58:46.400
Pretty sure it does. I don't know.

1133
00:58:46.480 --> 00:58:49.000
I'm just wondering because I'm looking at the US Global

1134
00:58:49.039 --> 00:58:52.639
Jets et F. It's g j E t S. It's

1135
00:58:52.679 --> 00:58:55.960
the ticker symbol. They're up ten percent this month, this month,

1136
00:58:56.039 --> 00:58:57.239
last month, last month month.

1137
00:58:57.320 --> 00:58:59.079
I thought it was I thought it was just the airlines.

1138
00:58:59.159 --> 00:59:01.519
But I could be a mistake. I could be missing airlines.

1139
00:59:02.159 --> 00:59:05.039
Their biggest holdings consist of United Airlines, Delta Airlines in

1140
00:59:05.079 --> 00:59:07.920
Southwest West Airlines, and that makes up thirty five percent

1141
00:59:08.000 --> 00:59:11.800
of the company, or of the ETF. I can't see

1142
00:59:11.840 --> 00:59:13.559
bowing in there, but I was just wondering.

1143
00:59:13.239 --> 00:59:17.639
If it wouldn't to me, if you're talking about an

1144
00:59:17.679 --> 00:59:20.440
air airline ETF, it wouldn't make any sense to have

1145
00:59:20.480 --> 00:59:23.960
an airplane and manufacturer in that which is not really

1146
00:59:23.960 --> 00:59:27.039
an airline, right, correct, I mean Boying is not an airline, right,

1147
00:59:27.280 --> 00:59:29.280
So I really wouldn't have a place in there. What's

1148
00:59:29.320 --> 00:59:31.960
it twelve month time frame on that one.

1149
00:59:31.960 --> 00:59:34.800
On the jets you're to date, we're up nine point

1150
00:59:34.840 --> 00:59:37.480
eight six percent a twelve month time prime, up twenty

1151
00:59:37.480 --> 00:59:38.760
four percent in the past year.

1152
00:59:38.840 --> 00:59:39.400
What's it trading?

1153
00:59:39.440 --> 00:59:41.960
Net trading at twenty dollars and seventy three cents.

1154
00:59:42.119 --> 00:59:44.199
We sold it it, I want to say, what nineteen

1155
00:59:44.719 --> 00:59:46.880
fifty or nineteen dollars about a year ago.

1156
00:59:47.159 --> 00:59:49.400
Yeah, but then we sold it on the way down.

1157
00:59:49.679 --> 00:59:51.039
We did. We did, sold it on the.

1158
00:59:51.039 --> 00:59:53.519
Way down, and it hit I think a low of

1159
00:59:53.639 --> 00:59:59.000
around seventeen oh, I'm sorry, sixteen fifty in August and

1160
00:59:59.039 --> 01:00:00.920
then since then it's coops quite a bit.

1161
01:00:01.880 --> 01:00:04.400
We talked about last week. We had Pat Quigley from

1162
01:00:04.440 --> 01:00:06.920
the Q and A on in regard of talking about

1163
01:00:07.599 --> 01:00:10.920
the various types of health insurers and one that has

1164
01:00:11.000 --> 01:00:15.000
really gotten killed is Humana, and we asked Pat specifically

1165
01:00:15.079 --> 01:00:19.559
about that, and he said, in Arizona, which is the

1166
01:00:19.599 --> 01:00:23.039
only place where his expertise, is that in Arizona, they

1167
01:00:23.079 --> 01:00:25.599
were one of the best. He's never had a problem

1168
01:00:25.599 --> 01:00:27.760
with him. And of course the reason that the stock

1169
01:00:27.800 --> 01:00:30.199
had been dropping Dylan is because it got downgraded right

1170
01:00:31.119 --> 01:00:33.440
from I think out of five stars, it was a

1171
01:00:33.480 --> 01:00:34.800
foreur and a half star. Now it's a three and

1172
01:00:34.840 --> 01:00:35.360
a half star.

1173
01:00:35.960 --> 01:00:38.639
He got back to five though, after this giant drop

1174
01:00:38.719 --> 01:00:39.199
that it had.

1175
01:00:40.480 --> 01:00:43.000
No I'm talking about the stock is down fifty two

1176
01:00:43.000 --> 01:00:45.119
percent in the last twelve months, but it was up

1177
01:00:45.159 --> 01:00:49.559
on Tuesday after Bernstein upgraded the insured to buy. Bernstein

1178
01:00:49.639 --> 01:00:53.400
says investment from believes that it's now an attractive investment

1179
01:00:53.440 --> 01:00:55.760
following the recent decline Humana.

1180
01:00:56.119 --> 01:00:57.920
Yeah, it's a big decline it had. It dropped over

1181
01:00:57.960 --> 01:01:01.079
one hundred dollars at one point if we're talking, I mean,

1182
01:01:01.079 --> 01:01:02.880
I'm talking about in the last few weeks a long.

1183
01:01:02.840 --> 01:01:04.519
No, yeah, absolutely, yeah, fifty.

1184
01:01:04.639 --> 01:01:06.599
At some point it's a bies you know.

1185
01:01:06.800 --> 01:01:08.320
Yes, because they're not going to go out of business.

1186
01:01:08.360 --> 01:01:10.360
But then you can say that about going as well.

1187
01:01:10.760 --> 01:01:14.239
You know, two sides to looking at companies. It's fundamental

1188
01:01:14.280 --> 01:01:17.760
and then technical, huge, huge, huge support level. The Humanita

1189
01:01:18.360 --> 01:01:20.920
bounced off of which was a good sign for anybody

1190
01:01:21.000 --> 01:01:22.400
that's currently holding that right.

1191
01:01:22.840 --> 01:01:26.000
And explain briefly for people that may be our first

1192
01:01:26.000 --> 01:01:30.079
time listeners, what's the difference between fundamental and technical U TECHnalysis?

1193
01:01:30.199 --> 01:01:33.440
Technical analysis is really just based on looking at charts. Right,

1194
01:01:33.480 --> 01:01:35.079
you've got a two in a day moving average. You

1195
01:01:35.119 --> 01:01:37.599
got different factors that go into that. I won't get

1196
01:01:37.639 --> 01:01:41.159
to nitty gritty with that. Fundamentally speaking, you look at

1197
01:01:41.159 --> 01:01:43.800
their books, you look at their balance sheet, you look

1198
01:01:43.800 --> 01:01:45.960
at their cash flow statements, you look at what the

1199
01:01:46.000 --> 01:01:48.360
company is making in net income.

1200
01:01:48.519 --> 01:01:53.519
Sales, earning price during the ratio, CEO, corporate and corporate governance,

1201
01:01:53.559 --> 01:01:55.760
things of that nature. Technical you don't even know what

1202
01:01:55.800 --> 01:01:57.480
the company does, right, It doesn't.

1203
01:01:57.239 --> 01:01:57.920
Mean it doesn't matter.

1204
01:01:58.000 --> 01:02:01.559
Mainly, the reason technical goal analysis works is because millions.

1205
01:02:01.199 --> 01:02:01.920
Of people follow it.

1206
01:02:01.960 --> 01:02:05.000
That's it correct the Fibonacci levels of different levels of

1207
01:02:05.000 --> 01:02:07.800
like the first one second, whatever it is. If you

1208
01:02:07.880 --> 01:02:10.440
have five to ten million people looking at Oh it's

1209
01:02:10.440 --> 01:02:12.880
about to hit this level, we're gonna buy, it's gonna

1210
01:02:12.880 --> 01:02:15.480
go up because of that if it does. But if

1211
01:02:15.480 --> 01:02:17.000
you don't have enough people, then it goes down. But

1212
01:02:17.039 --> 01:02:19.599
if nobody fallow, tech analysis doesn't matter and.

1213
01:02:19.679 --> 01:02:22.719
Especially work especially now with the computerized trading rights. It's

1214
01:02:22.760 --> 01:02:24.559
all based off of those Fibonacci fits.

1215
01:02:24.840 --> 01:02:26.880
Yeah, if you don't have AI look at a fundamental

1216
01:02:26.920 --> 01:02:31.039
analysis to trade real quick technical analysis is more for

1217
01:02:31.119 --> 01:02:34.239
short term trading. Yes, fundamental analysis. When you think about

1218
01:02:34.239 --> 01:02:37.559
fundamental analysis, you think warm buffet, long term trading, not

1219
01:02:37.639 --> 01:02:41.119
long term investing, not trading and hold, buy and hold.

1220
01:02:41.679 --> 01:02:44.280
I think the only the only place technical analysis has

1221
01:02:44.320 --> 01:02:47.760
a or the only thing a technical analysis is helpful

1222
01:02:48.079 --> 01:02:51.440
for an investor is to pick an entry point, an

1223
01:02:51.440 --> 01:02:53.320
intelligent entry point, right right.

1224
01:02:54.880 --> 01:02:56.880
And what we talk about like that too, is your

1225
01:02:57.000 --> 01:02:59.960
entry point is by a third of what you actually wanted.

1226
01:03:00.280 --> 01:03:03.760
Oh, absolutely, dollar cross average period. Always.

1227
01:03:03.960 --> 01:03:05.880
Always, you never want to put one hundred percent in

1228
01:03:06.280 --> 01:03:08.039
of what your thought, whatever your thought is, of how

1229
01:03:08.119 --> 01:03:09.880
much you want. Never put one hundred percent in from

1230
01:03:09.920 --> 01:03:12.199
the start, because then if it does go down with stocks,

1231
01:03:12.199 --> 01:03:15.559
do you can't buy anymore or you over allocate because

1232
01:03:15.559 --> 01:03:16.599
you're pissed off that it went.

1233
01:03:16.480 --> 01:03:21.519
Down and everybody's favorite stock is back idiot. Yeah, it

1234
01:03:21.599 --> 01:03:24.199
dropped thirty five percent from US all time high just

1235
01:03:24.239 --> 01:03:27.360
in August, just sixty years ago, and the stock's been

1236
01:03:27.400 --> 01:03:29.920
moving back towards that all time high ever since. Picked

1237
01:03:29.960 --> 01:03:33.239
up some love this week from Goldman Sachs and Morgan Stanley,

1238
01:03:33.840 --> 01:03:35.880
both of whom reiterated their by rating.

1239
01:03:36.000 --> 01:03:38.719
They made a big point that uh in Vidio CEO

1240
01:03:38.920 --> 01:03:42.840
is worth more than an Intel as a whole company.

1241
01:03:41.840 --> 01:03:43.800
Is that right? His PTEL network.

1242
01:03:43.559 --> 01:03:46.519
His personal network is roughly one hundred nine billion now

1243
01:03:46.719 --> 01:03:50.079
and Intel, his company market cap is like ninety four bills.

1244
01:03:50.119 --> 01:03:51.719
Don't tell until shareholders.

1245
01:03:52.079 --> 01:03:56.199
Oh the cow, ohly cow. That's amazing. That is absolutely

1246
01:03:56.199 --> 01:03:58.440
amazing when you think of where Intel has been, how

1247
01:03:58.480 --> 01:03:59.239
dominant they were.

1248
01:03:59.360 --> 01:04:02.519
The CEO of Nvidia actually opened up the market. Him

1249
01:04:02.519 --> 01:04:05.159
and his company opened up the market on Friday. Saw that.

1250
01:04:05.599 --> 01:04:08.480
Oh no, I did not they Azach Yeah.

1251
01:04:08.559 --> 01:04:12.760
AMD actually had their little events as well. They had

1252
01:04:12.760 --> 01:04:14.920
their events on Thursday. I'm pretty sure that stuck plunged

1253
01:04:14.960 --> 01:04:16.960
that day. I'm not sure if they recouped it on Friday.

1254
01:04:16.960 --> 01:04:19.119
Are Yeah, but explain what happened here. This is a

1255
01:04:19.159 --> 01:04:22.039
company that's been been battling with Intel, and I think

1256
01:04:22.079 --> 01:04:25.519
they won that battle, and now they're battling with Nvidia,

1257
01:04:26.119 --> 01:04:30.840
and on Thursday they introduced introduced a new chip that

1258
01:04:31.039 --> 01:04:36.239
is designed to compete with the Nvidia's graphics processors, which

1259
01:04:36.239 --> 01:04:40.599
are called GPUs. The ship's going to start production before

1260
01:04:40.639 --> 01:04:42.880
the end of twenty four, so it's not far off.

1261
01:04:43.679 --> 01:04:46.599
And if their ship can be seen by developers as

1262
01:04:46.599 --> 01:04:50.440
a close substitute for Nvidia, it could put pressure pressure

1263
01:04:50.440 --> 01:04:54.800
on Nvidia, which enjoyed seventy five percent gross margins. And

1264
01:04:54.800 --> 01:04:58.119
what happened after their meeting, The AMD shows tanked and

1265
01:04:58.119 --> 01:05:01.679
then video shares went back towards their all time high.

1266
01:05:01.679 --> 01:05:04.199
And that was also because Baron reported that the chip

1267
01:05:04.239 --> 01:05:09.360
isn't as powerful as in videos Blackwell products. I don't

1268
01:05:09.400 --> 01:05:13.159
know if it's how much better is Blackwell than this product?

1269
01:05:13.639 --> 01:05:16.239
I thought it was a buying opportunity on Thursday for MD.

1270
01:05:16.440 --> 01:05:18.639
I agree, I agree, I think that was an opportunity.

1271
01:05:18.599 --> 01:05:21.480
AMPT seems like one of the only chip companies besides Intel.

1272
01:05:21.480 --> 01:05:24.760
Obviously that's down one of the growth ones. Yeah, it's

1273
01:05:24.800 --> 01:05:27.000
way off there for the two week highs.

1274
01:05:26.840 --> 01:05:29.159
That Micron's a little bit down there.

1275
01:05:29.719 --> 01:05:33.440
Yeah, Micron is a little bit more. That's Micron is

1276
01:05:33.440 --> 01:05:36.239
a little bit more of a commodity based company the

1277
01:05:36.320 --> 01:05:38.960
products they sell. But that's just too deep to get

1278
01:05:38.960 --> 01:05:39.280
into it.

1279
01:05:39.679 --> 01:05:42.119
I'm going to buy the family competitiveness, I think. Uh,

1280
01:05:42.719 --> 01:05:45.800
then videos CEO and a m d C O our cousins.

1281
01:05:45.840 --> 01:05:48.079
And I think the m d C wants to say

1282
01:05:48.159 --> 01:05:51.280
that again, and Video CEO and a M d c

1283
01:05:51.440 --> 01:05:55.320
O are first cousins. And I think the family competitiveness.

1284
01:05:55.320 --> 01:05:58.440
I think she the amd C I forgot her name,

1285
01:05:58.440 --> 01:06:01.159
but woman, and obviously MVDD as the guy. I think

1286
01:06:01.159 --> 01:06:03.679
she's gonna try and try and get back to level

1287
01:06:03.679 --> 01:06:04.320
with him.

1288
01:06:04.639 --> 01:06:07.920
That is absolutely amazing family of underachievers there.

1289
01:06:07.960 --> 01:06:10.320
The CEOs of two of the CEOs are two of

1290
01:06:10.360 --> 01:06:12.639
the largest most successful companies in the world are from

1291
01:06:12.679 --> 01:06:16.440
the same family. Smart fan wow man and I think

1292
01:06:16.440 --> 01:06:21.000
it what's her hairtage? Are there Indians? Correct? No, they're Pakistani.

1293
01:06:22.000 --> 01:06:26.280
It doesn't matter. It's not here there. You and I

1294
01:06:26.280 --> 01:06:29.760
just think it's amazing. I know they're not. We might

1295
01:06:29.760 --> 01:06:33.559
be Korean, Yeah, you think. Okay, it could be, could

1296
01:06:33.559 --> 01:06:36.679
be win Resource up thirty five percent ahead, but.

1297
01:06:36.760 --> 01:06:39.239
He got just give me one more guests.

1298
01:06:39.559 --> 01:06:45.519
One more guests. Taiwan of course, Taiwanese makes perfect makes

1299
01:06:45.559 --> 01:06:50.360
all the sense in the world, isn't it Taiwan Semiconductor? Okay,

1300
01:06:50.599 --> 01:06:53.960
that makes all the sense in the world. Costco. Costco

1301
01:06:54.000 --> 01:06:58.280
has just been a great shock. Like I said last week,

1302
01:06:58.320 --> 01:07:00.639
you could drive by. The store is packed. You can

1303
01:07:00.639 --> 01:07:03.039
barely get in and out of there. The lines that

1304
01:07:03.079 --> 01:07:06.039
their gas pumps are along. If they're you can tell

1305
01:07:06.079 --> 01:07:09.679
if they're oat for businesses by driving by because and

1306
01:07:09.719 --> 01:07:12.039
they do take give their employees a lot of holidays.

1307
01:07:12.800 --> 01:07:14.800
I remember when I as one of the things you

1308
01:07:14.840 --> 01:07:17.599
never do in this business is put one hundred percent

1309
01:07:17.599 --> 01:07:19.559
percent of your or put your four wank K money

1310
01:07:19.599 --> 01:07:22.559
in your company stock. You never do that. You never

1311
01:07:22.599 --> 01:07:24.960
do that. And Ron taught us that right. You don't

1312
01:07:25.000 --> 01:07:27.280
buy company stock with your four to one K unless

1313
01:07:27.280 --> 01:07:29.480
you're a Costco employee, because then you could lose your

1314
01:07:29.559 --> 01:07:31.679
job in your four to one K. But I remember

1315
01:07:31.679 --> 01:07:34.880
where this gal came in and the in her mid fifties,

1316
01:07:35.000 --> 01:07:38.280
been a Costco cashier for twenty three years and had

1317
01:07:38.320 --> 01:07:40.559
done everything wrong. She put one hundred percent of her

1318
01:07:40.679 --> 01:07:44.519
four to one K in her one hundred in Costco stock.

1319
01:07:45.199 --> 01:07:48.960
Here she has fifty mid mid fifties with a million

1320
01:07:48.960 --> 01:07:51.559
and a half million and a half dollars cash here

1321
01:07:51.599 --> 01:07:52.719
at Costcoat job.

1322
01:07:54.400 --> 01:07:55.039
That's awesome.

1323
01:07:55.199 --> 01:07:58.320
Anyway. The stock had rallied eight percent ahead of the storm,

1324
01:07:58.519 --> 01:08:00.960
eight percent head of Milton, and the belief was they

1325
01:08:00.960 --> 01:08:04.559
are stocking up. And on Thursday, the company reported Subtember

1326
01:08:05.199 --> 01:08:09.480
substember sales that were indeed up an impressive nine percent,

1327
01:08:09.519 --> 01:08:11.679
which is a good jump month of a month, and

1328
01:08:11.719 --> 01:08:16.000
the stock responded by moving lower on profit taking. And

1329
01:08:16.520 --> 01:08:19.640
I'm thinking of how about the realization that no matter

1330
01:08:19.720 --> 01:08:22.039
how you stocked up, how much you stocked up for

1331
01:08:22.199 --> 01:08:25.640
the hurricane, you're not probably not going to go back

1332
01:08:25.640 --> 01:08:29.640
and buy that stuff now for a while. No, I

1333
01:08:29.680 --> 01:08:33.359
don't know that you had that the hurricane generated extra sales.

1334
01:08:33.840 --> 01:08:37.399
I think it hurt Campbell's soup. I don't think it

1335
01:08:37.439 --> 01:08:39.720
created extra sales. I think it just just brought the

1336
01:08:39.760 --> 01:08:40.840
sales forward a little bit.

1337
01:08:41.439 --> 01:08:43.640
I think that's that's an annual I mean, people stack

1338
01:08:43.720 --> 01:08:46.399
up for hurricanes every year. I didn't realize hurricane season

1339
01:08:46.399 --> 01:08:47.880
started June first and went all the way through like

1340
01:08:47.920 --> 01:08:51.000
October thirtieth. Yeah, and on average you have three to

1341
01:08:51.039 --> 01:08:53.640
seven hurricanes almost over It's crazy.

1342
01:08:53.680 --> 01:08:54.880
Why would you ever live there?

1343
01:08:54.960 --> 01:08:56.960
Because then I guess they don't hit like that every year.

1344
01:08:57.359 --> 01:08:59.239
And like people that live there say, I saw this

1345
01:08:59.279 --> 01:09:00.800
thing like story two that don't.

1346
01:09:00.680 --> 01:09:03.399
Really care about that much. They're just like they're used

1347
01:09:03.399 --> 01:09:04.560
to it. They were bored up.

1348
01:09:04.520 --> 01:09:05.800
And stuff sensitized to it.

1349
01:09:05.880 --> 01:09:09.319
I think it's like California. You know why California reports

1350
01:09:09.319 --> 01:09:12.680
and earthquake at least at least once a week. Why

1351
01:09:12.720 --> 01:09:14.880
would you live there? Yeah, because it's not gonna happen

1352
01:09:14.920 --> 01:09:15.159
to you.

1353
01:09:15.279 --> 01:09:16.680
I don't know, but I keep seeing all this stuff.

1354
01:09:16.760 --> 01:09:18.439
We were talking about the other day about like all

1355
01:09:18.600 --> 01:09:21.720
natural disasters, and Tucson's pretty tame besides one hundred and

1356
01:09:21.760 --> 01:09:24.439
ten degree weather. No got the honest because it's not Phoenix.

1357
01:09:25.039 --> 01:09:28.279
It's not earthquakes, no tornadoes, no hurricanes.

1358
01:09:28.279 --> 01:09:31.199
It's getting nice months soon. So there's other places in

1359
01:09:31.239 --> 01:09:33.479
this country. I've said this for fifty years. There's other

1360
01:09:33.520 --> 01:09:36.640
places in this country that have something that's better than Tucson.

1361
01:09:37.039 --> 01:09:40.199
But as a package, it's pretty darn hard to beat,

1362
01:09:41.079 --> 01:09:42.239
seems to me, I would say.

1363
01:09:42.239 --> 01:09:44.199
So it makes sense why a lot of retired people

1364
01:09:44.199 --> 01:09:46.800
come to Arizona in general, because it's just tame weather

1365
01:09:46.880 --> 01:09:47.960
and it's nice to live in.

1366
01:09:48.000 --> 01:09:52.479
Any the most interesting factoid about Tucson that I've seen

1367
01:09:52.560 --> 01:09:55.479
in the time i've lived here is that the average

1368
01:09:55.600 --> 01:10:01.279
age in Tucson is below the national average. What no,

1369
01:10:01.600 --> 01:10:03.720
check it out. It's below the national.

1370
01:10:03.399 --> 01:10:06.319
Averages average and everything.

1371
01:10:06.399 --> 01:10:10.279
The average agent Tucson in Arizona is below the average

1372
01:10:10.479 --> 01:10:11.359
national age.

1373
01:10:11.439 --> 01:10:13.399
I believe Arizona residents.

1374
01:10:14.159 --> 01:10:15.960
I didn't do the s I didn't do the survey.

1375
01:10:16.000 --> 01:10:20.720
I don't know. Okay, okay, but it's something that no

1376
01:10:20.760 --> 01:10:21.439
one believes.

1377
01:10:21.680 --> 01:10:23.640
And and just yeah, you think of it as but

1378
01:10:23.640 --> 01:10:26.119
I guess if they're saying Tucson and like and Veil

1379
01:10:26.159 --> 01:10:29.920
Arizona and or Vale Arizona are different, then I could

1380
01:10:29.960 --> 01:10:32.680
see it makes more sense because it's I don't know,

1381
01:10:33.079 --> 01:10:35.640
I thought it, but maybe we've gotten younger.

1382
01:10:36.159 --> 01:10:39.359
You get something else in there. Sure, well, I was

1383
01:10:39.399 --> 01:10:41.119
just gonna say, did you guys see that Florida based

1384
01:10:41.199 --> 01:10:42.159
universal insurance?

1385
01:10:44.880 --> 01:10:45.680
Yeah? I could see that.

1386
01:10:46.840 --> 01:10:50.399
It's insurance all the insurance companies did, like all states.

1387
01:10:50.199 --> 01:10:55.399
Uh all left huh they've all left Florida.

1388
01:10:54.479 --> 01:10:56.479
Insurance companies yeah pretty much.

1389
01:10:57.560 --> 01:11:00.319
Oh they hate Florida. Yeah, it's the only kind of

1390
01:11:00.319 --> 01:11:03.960
insuranching getting Florida is a state is state sponsored.

1391
01:11:03.560 --> 01:11:05.800
Florida based universal insurance?

1392
01:11:05.880 --> 01:11:09.319
Yeah right, yeah, I mean, why would you write insurance

1393
01:11:09.319 --> 01:11:12.319
in Florida? What are you? I like? Living there? That's

1394
01:11:12.359 --> 01:11:15.199
farm with you, don't you know about the hurricane thing

1395
01:11:15.279 --> 01:11:20.159
comes around every now and then, like every now and then.

1396
01:11:20.479 --> 01:11:22.600
Just that's it. But I think it's like the earth

1397
01:11:22.640 --> 01:11:24.600
case of California. You live there because it's never gonna

1398
01:11:24.600 --> 01:11:26.960
happen to you, and you like the water and the

1399
01:11:27.000 --> 01:11:30.399
water sports and the thing. For me, it's, you know,

1400
01:11:30.439 --> 01:11:32.359
growing up in South Dakota and they're moving to Arizona.

1401
01:11:32.439 --> 01:11:34.119
Water is not a big part of my life. And

1402
01:11:34.680 --> 01:11:36.960
when I went to a wedding in Naples, Florida, I

1403
01:11:36.960 --> 01:11:41.359
thought there is just way too much water here. That's

1404
01:11:41.359 --> 01:11:43.640
what it seemed like to me, because to me, water

1405
01:11:43.760 --> 01:11:46.880
means mosquitos, and I'm not interested in mosquitos anyway. We

1406
01:11:46.920 --> 01:11:50.800
thank you for joining us on this mosquito free Sunday

1407
01:11:50.800 --> 01:11:53.640
morning in the desert, and we'll be back right after

1408
01:11:53.680 --> 01:11:59.640
this break. This is The Money Matter Show three two one.

1409
01:12:00.439 --> 01:12:02.560
Welcome back to the Money Matters Show. This is a

1410
01:12:02.760 --> 01:12:05.920
segment number five. We've got a lot of information we're

1411
01:12:05.960 --> 01:12:08.760
bringing you. We appreciate you joining us on this mosquito

1412
01:12:08.840 --> 01:12:11.439
free Sunday morning in the desert.

1413
01:12:11.560 --> 01:12:12.960
Thank god it's mosquito free.

1414
01:12:13.079 --> 01:12:14.920
Yeah. Well, you know, we're talking about all that water

1415
01:12:14.960 --> 01:12:18.159
in Florida, and water brings mosquitoes and we don't like mosquitoes,

1416
01:12:18.239 --> 01:12:21.520
and so one of the perks of living in the

1417
01:12:21.560 --> 01:12:25.479
desert in theory is no mosquitos right right, Although I

1418
01:12:25.479 --> 01:12:27.359
do see them around from time to time. It's like

1419
01:12:27.399 --> 01:12:31.720
there they must see a heartier variety of mosquito.

1420
01:12:31.840 --> 01:12:32.840
I think they'll start coming.

1421
01:12:33.199 --> 01:12:36.000
They can live here without so much water, I don't

1422
01:12:36.119 --> 01:12:38.880
Maybe they're getting the water from the hoses and plants

1423
01:12:38.880 --> 01:12:41.840
and things. I don't know. Maybe they don't need much water.

1424
01:12:42.119 --> 01:12:44.520
You were talking about hershey Yes, so we went away.

1425
01:12:44.720 --> 01:12:47.000
I was talking about a little bit about Hershey's. Hershey's

1426
01:12:47.000 --> 01:12:50.199
has not participated in this rally really whatsoever this year.

1427
01:12:51.199 --> 01:12:54.239
I was talking a little bit about how I keep

1428
01:12:54.279 --> 01:12:58.319
seeing all these reports coming out. For example, Bernstein sees

1429
01:12:58.399 --> 01:13:01.399
GLP one drug usage effect in the US chocolate volume.

1430
01:13:01.720 --> 01:13:03.439
If you don't know what the GLP one drug is,

1431
01:13:03.479 --> 01:13:06.600
it's basically maunjaro, it's o zepic, it's that weight loss drugs.

1432
01:13:06.640 --> 01:13:11.319
And again, is this really making a dramatic impact on

1433
01:13:12.159 --> 01:13:12.920
chocolate sales?

1434
01:13:13.680 --> 01:13:17.319
The inject So the thinking is that if you have

1435
01:13:17.359 --> 01:13:22.840
a person who's inclined to eat poorly, which would probably

1436
01:13:22.880 --> 01:13:25.479
include and don't get mad at me about this, probably

1437
01:13:25.479 --> 01:13:28.880
include chocolate. Chocolate. I don't think chocolate would be in

1438
01:13:28.920 --> 01:13:32.840
anybody's book being eating healthy, and we all love chocolate,

1439
01:13:33.560 --> 01:13:36.880
but if you're inclined to eat poorly. Now, the theory

1440
01:13:37.239 --> 01:13:41.800
is that with this GLP one drug, which is the injectible,

1441
01:13:41.920 --> 01:13:45.199
you inject it and you start to lose five, ten, fifteen,

1442
01:13:45.279 --> 01:13:50.039
twenty pounds, you're going to therefore then stop wanting all

1443
01:13:50.079 --> 01:13:53.520
of these things that caused you to be in a

1444
01:13:53.560 --> 01:13:56.119
position to need these rejectable drugs.

1445
01:13:56.119 --> 01:13:58.319
I'm just never going to use them again, yeah, or the.

1446
01:13:59.000 --> 01:14:03.079
That it's gonna going to bring you to stop wanting

1447
01:14:03.159 --> 01:14:05.640
these things that you've loved.

1448
01:14:05.520 --> 01:14:08.720
And talking about at firsthand with people. I mean, they

1449
01:14:08.760 --> 01:14:10.880
do say if you're on a ozempic that it's a

1450
01:14:10.960 --> 01:14:14.000
huge appetite suppressant, right, So maybe, yeah, I don't go

1451
01:14:14.039 --> 01:14:17.359
and buy that extra chocolate bar again. I just think

1452
01:14:17.399 --> 01:14:20.560
it's more of a taste preference change, as in, people

1453
01:14:20.600 --> 01:14:22.159
don't go to the drug store anymore and go buy

1454
01:14:22.239 --> 01:14:24.920
chocolate bars. And maybe they do, but it's not something

1455
01:14:24.960 --> 01:14:26.960
that's on my minds. If I'm hungry and I want

1456
01:14:27.159 --> 01:14:28.479
a little snack, I'm not going to go get a

1457
01:14:28.520 --> 01:14:29.119
chocol bar from that.

1458
01:14:29.199 --> 01:14:31.239
And I think there's a couple of different mindsets there.

1459
01:14:31.239 --> 01:14:34.520
If you are a healthy person who works out, who

1460
01:14:34.680 --> 01:14:37.399
tries to eat the right thing, who doesn't smoke, drink,

1461
01:14:37.600 --> 01:14:41.800
I'm just taking care of your body, You're probably not

1462
01:14:41.880 --> 01:14:44.920
going to pick up a Hershey bar in most cases.

1463
01:14:45.680 --> 01:14:49.439
On the other hand, if you're not that person, and

1464
01:14:49.720 --> 01:14:53.560
if you're the antithesis of that person, you might very

1465
01:14:53.560 --> 01:14:57.159
well pick up chocolate bar. I have absolutely been behind

1466
01:14:57.279 --> 01:15:02.319
people at Walgreens within the past days picked up snickers

1467
01:15:02.319 --> 01:15:08.279
and chocolate bars and various other things. And so I

1468
01:15:08.279 --> 01:15:10.680
don't know. I just don't think it's going to stop

1469
01:15:11.319 --> 01:15:14.600
Hershey sales. Can it? Could it impact Hershey sales? Absolutely.

1470
01:15:14.680 --> 01:15:17.560
I've heard you say before, if you've held onto stock

1471
01:15:17.640 --> 01:15:20.479
and it's not been participating in this rally, why are

1472
01:15:20.560 --> 01:15:21.520
you still holding it?

1473
01:15:21.600 --> 01:15:21.680
Right?

1474
01:15:21.760 --> 01:15:23.600
You really have to think about that. That kind of

1475
01:15:23.680 --> 01:15:26.840
changes the subject here. But we've had a market that's

1476
01:15:26.880 --> 01:15:29.920
just been on fire for a couple of years now,

1477
01:15:30.439 --> 01:15:33.520
and you're to date up twenty one point nine percent

1478
01:15:33.560 --> 01:15:35.800
on the S and P five hundred. If you have

1479
01:15:35.840 --> 01:15:39.960
a stock that's not participating, what are you doing right now?

1480
01:15:40.399 --> 01:15:44.159
What's going to make that stock work? Unless you're aware

1481
01:15:44.279 --> 01:15:48.680
of some specific event, you're holding for a specific announcement,

1482
01:15:48.720 --> 01:15:53.279
you're holding for a specific product, an FDA approval, something

1483
01:15:53.359 --> 01:15:53.600
like that.

1484
01:15:53.640 --> 01:15:56.600
Okay, I get that right, some sort of catalysts coming about.

1485
01:15:56.680 --> 01:15:59.319
But if you're just simply holding it based upon the

1486
01:15:59.319 --> 01:16:02.960
fundamentals and it's not performing in this environment, you have

1487
01:16:03.039 --> 01:16:06.720
to ask yourself what is going to make it perform?

1488
01:16:06.840 --> 01:16:10.640
A little fun fact about what you said, what is

1489
01:16:10.920 --> 01:16:12.800
what was yesterday? Saturday?

1490
01:16:13.640 --> 01:16:16.479
Right? It was?

1491
01:16:16.920 --> 01:16:19.680
You know what it marked? You know what Saturday is marked?

1492
01:16:19.920 --> 01:16:20.159
No.

1493
01:16:20.920 --> 01:16:24.600
Two years of this bool market run two years? Two

1494
01:16:24.680 --> 01:16:26.079
years Saturday.

1495
01:16:26.319 --> 01:16:27.840
Oh you get a kick out of the bull and

1496
01:16:27.880 --> 01:16:31.399
the bear and you know the technical termini because during

1497
01:16:31.479 --> 01:16:33.720
that two year period, we've been in a bear market

1498
01:16:33.800 --> 01:16:38.800
more than once. Yeah, we've been I don't think we've

1499
01:16:38.800 --> 01:16:40.479
been in the bear mark. We've been in a corrective

1500
01:16:40.520 --> 01:16:45.079
phase more than once, more than once. Home Depot already

1501
01:16:45.159 --> 01:16:48.039
up twenty two to share the You know, home Depot

1502
01:16:48.039 --> 01:16:50.920
is a company that is getting a lot of love

1503
01:16:51.039 --> 01:16:54.680
lately for a couple of reasons. There's a belief that

1504
01:16:55.239 --> 01:16:58.880
lower interest rates, if they ever do come again we

1505
01:16:58.920 --> 01:17:03.199
talked earlier, have been rising pretty steadily. The ten year

1506
01:17:03.279 --> 01:17:05.840
treasuries now at a two month high mortgage rates at

1507
01:17:05.880 --> 01:17:10.600
a two month high, so when that or if lower

1508
01:17:10.640 --> 01:17:15.079
interest rates do ever come, the housing market could catch fire.

1509
01:17:16.760 --> 01:17:19.560
I don't I'm not one that's on board with that

1510
01:17:19.800 --> 01:17:23.840
because I'm seeing housing in Tucson. I'm seeing a lot

1511
01:17:23.840 --> 01:17:26.319
of for sale signs and I'm seeing very little of

1512
01:17:26.399 --> 01:17:31.239
any activity. Yes, in the multi million dollar home area

1513
01:17:31.279 --> 01:17:34.399
where you've got all cash buyers, there is still activity,

1514
01:17:35.760 --> 01:17:39.319
but in the flip them area, I'm not seeing much

1515
01:17:39.359 --> 01:17:41.880
going anyway. I'm certainly no expert in real estate, but

1516
01:17:41.960 --> 01:17:45.000
it doesn't feel like a real estate market that if

1517
01:17:45.000 --> 01:17:47.439
it gets another one percent drop an interest rates, it's

1518
01:17:47.520 --> 01:17:49.960
just going to explode. It just doesn't feel like that.

1519
01:17:50.439 --> 01:17:52.920
But that's kind of the thesis, is that if interest

1520
01:17:53.000 --> 01:17:56.399
rates do drop another percent or so, that boy Home

1521
01:17:56.439 --> 01:17:58.960
depot could really be a beneficiary of that. And then

1522
01:17:58.960 --> 01:18:02.680
of course there was a r to home Depot for

1523
01:18:03.000 --> 01:18:07.920
plywood and things ahead of Milton making landfall and interesting

1524
01:18:08.119 --> 01:18:10.920
laid the stock home deepo stock did hit a new

1525
01:18:11.039 --> 01:18:16.039
all time high last week. It did close that day flat. However,

1526
01:18:16.239 --> 01:18:19.079
some express concern that some of the stores might be

1527
01:18:19.159 --> 01:18:22.760
damaged during the during the hurricane, and.

1528
01:18:22.760 --> 01:18:24.680
That makes that makes sense to me, just because I

1529
01:18:25.039 --> 01:18:26.960
think about like the I t be the home builder

1530
01:18:27.000 --> 01:18:31.000
etf right, It's spent hitting all time highs every single

1531
01:18:31.000 --> 01:18:33.880
month this year. This last week it didn't really participate.

1532
01:18:33.920 --> 01:18:36.119
I think it was only up one percent, maybe even

1533
01:18:36.159 --> 01:18:40.560
downer percent. I just don't see these lower interest rates

1534
01:18:41.399 --> 01:18:43.840
helping these types of companies though. I feel like it's

1535
01:18:43.840 --> 01:18:48.960
already been done. We're starting to see the building permits decrease, right.

1536
01:18:48.960 --> 01:18:52.760
Right, uh, And we're starting to see the biggest the

1537
01:18:52.800 --> 01:18:55.359
biggest problem or the biggest strength in housing over the

1538
01:18:55.399 --> 01:18:59.039
past two years, has been just lack of inventory. And

1539
01:18:59.079 --> 01:19:02.319
I would argue that in inventory, and I probably ought

1540
01:19:02.359 --> 01:19:04.159
to have the numbers on that, because there are numbers

1541
01:19:04.199 --> 01:19:07.920
on that. I would think inventory is up dramatically in

1542
01:19:07.960 --> 01:19:09.960
the past sixty days.

1543
01:19:10.000 --> 01:19:12.199
Well, think about in sixty days, in the.

1544
01:19:12.239 --> 01:19:15.560
Last sixty days. I honestly, you go back Seash, you

1545
01:19:15.600 --> 01:19:17.399
go back to the spring, I don't remember seeing a

1546
01:19:17.560 --> 01:19:20.640
for sale sign. Now they're everywhere, right right.

1547
01:19:20.920 --> 01:19:22.399
Just drive around Tu Songs.

1548
01:19:22.439 --> 01:19:24.000
Everyone's everywhere.

1549
01:19:24.399 --> 01:19:27.439
And I'm thinking about like all the rentals that are

1550
01:19:27.479 --> 01:19:29.199
coming up into Song, all these new apartments that are

1551
01:19:29.239 --> 01:19:32.560
being built. Think about Foothills Mall, in know, they've built

1552
01:19:32.600 --> 01:19:35.319
a bunch different out there, building a bunch of different

1553
01:19:35.359 --> 01:19:37.840
departments on grants right here.

1554
01:19:37.880 --> 01:19:41.640
It's just there's a lot, a lot of competition that

1555
01:19:42.159 --> 01:19:45.039
hopefully there's been at Hopefully that competition will help bring

1556
01:19:45.079 --> 01:19:49.520
down rental prices or at the worst, stabilized prices, because

1557
01:19:50.119 --> 01:19:53.640
for I know, people that rent have really been struggle

1558
01:19:53.640 --> 01:19:56.920
struggling a bit with a spike in the cost of

1559
01:19:57.760 --> 01:20:03.960
rentals probably get that. As hard as any area is

1560
01:20:04.439 --> 01:20:09.119
rent on homes, they call it shelter, and shelter which

1561
01:20:09.319 --> 01:20:13.279
would be apartments and houses was one of this It's

1562
01:20:13.319 --> 01:20:16.479
one of the largest components of the Consumer Price Index,

1563
01:20:17.199 --> 01:20:21.079
and it's also one of those components that accelerated the

1564
01:20:21.119 --> 01:20:25.800
most when inflation was an issue. It was almost as

1565
01:20:25.800 --> 01:20:29.880
if with no inventory of houses, it was almost as

1566
01:20:29.920 --> 01:20:33.239
if you could charge anything you wanted as an apartment,

1567
01:20:33.359 --> 01:20:34.279
well a complex.

1568
01:20:34.359 --> 01:20:37.199
I also think maybe you're talking about the apartment complex

1569
01:20:37.199 --> 01:20:40.520
when I'm talking about these sale homes here. You had

1570
01:20:40.720 --> 01:20:44.359
so much more purchasing power at that time too, right, Yeah,

1571
01:20:45.800 --> 01:20:46.880
you just jumping into anything.

1572
01:20:47.600 --> 01:20:51.239
I agree, I agree. I honestly don't think lower interest

1573
01:20:51.319 --> 01:20:54.000
rates are going to ignite a big housing boom, and

1574
01:20:54.720 --> 01:20:57.399
if it did, an interstate should probably go right back up.

1575
01:20:57.479 --> 01:20:59.760
So I guess the good news is I don't think

1576
01:20:59.800 --> 01:21:03.279
that lower interest rates are going to cause the largest

1577
01:21:03.359 --> 01:21:07.159
component of the consumer price index to start to spike higher.

1578
01:21:07.159 --> 01:21:09.880
And I guess that's really a good thing, Right, that's

1579
01:21:09.920 --> 01:21:15.760
good news. Microsoft largely ignored Oppenheimer's downgrade. I couldn't believe

1580
01:21:15.800 --> 01:21:19.720
that here's a downgrade of Microsoft from buy to hold.

1581
01:21:19.760 --> 01:21:24.239
On Tuesday, Oppenheimer said is concerned about estimated losses at

1582
01:21:24.359 --> 01:21:28.359
open ai of as much as three billion dollars in

1583
01:21:28.399 --> 01:21:32.399
fiscal twenty twenty five on and that what they're calling

1584
01:21:32.600 --> 01:21:35.079
slow AI adoption by.

1585
01:21:35.000 --> 01:21:40.239
Businesses, which makes sense. How do we use it?

1586
01:21:40.600 --> 01:21:40.960
I think?

1587
01:21:41.199 --> 01:21:43.680
Yeah, I think I think Todd was talking about a

1588
01:21:43.720 --> 01:21:46.520
little bit last week, is in Vidia is starting to

1589
01:21:46.600 --> 01:21:48.560
open up a new sector of their business and it's

1590
01:21:48.600 --> 01:21:51.439
going to be essentially a advisor.

1591
01:21:50.960 --> 01:21:52.479
On messon that with eccenture.

1592
01:21:52.720 --> 01:21:55.960
Yeah center, that's what it was. Yeah, yeah, yeah, right,

1593
01:21:55.960 --> 01:21:56.920
how do we use it?

1594
01:21:57.039 --> 01:22:00.159
If hired eccentri to try to help businesses unders and

1595
01:22:01.119 --> 01:22:03.239
how this is going to be good for them and

1596
01:22:03.279 --> 01:22:05.399
how they use it, and as you sit here at

1597
01:22:05.399 --> 01:22:08.960
Greenberg Financial do you think, Okay, how would we use

1598
01:22:09.039 --> 01:22:12.840
AI for this or that or whatever? And you hear

1599
01:22:12.840 --> 01:22:15.720
a lot about AI, it sounds very exciting. When you

1600
01:22:15.880 --> 01:22:18.359
search for things on your phone now you get an

1601
01:22:18.399 --> 01:22:22.920
AI response typically, and it's just kind of interesting because

1602
01:22:22.960 --> 01:22:27.279
you know it's coming, you know it's important, you know

1603
01:22:27.319 --> 01:22:32.039
it's probably something that could help your productivity, but you're

1604
01:22:32.119 --> 01:22:32.880
just not really sure.

1605
01:22:33.159 --> 01:22:36.680
I use it, I'd say every single day. Yeah, and

1606
01:22:37.199 --> 01:22:39.920
most of my use towards it is for research purposes.

1607
01:22:40.479 --> 01:22:42.279
I think you've mentioned it before, like why wouldn't you

1608
01:22:42.319 --> 01:22:45.279
just use Google? Right? And now Google has.

1609
01:22:45.159 --> 01:22:45.920
That cool.

1610
01:22:47.239 --> 01:22:50.920
AI chat GPT type software in there that it's going

1611
01:22:50.960 --> 01:22:52.600
to use it for you. But if you actually go

1612
01:22:52.640 --> 01:22:55.039
into chat GPT, I could ask it a question about

1613
01:22:55.640 --> 01:22:58.359
I don't know what's utilities sector been doing, and it's

1614
01:22:58.359 --> 01:23:00.399
not only going to give me one answer, It's going

1615
01:23:00.479 --> 01:23:04.479
to surf the web for five hundred thousand different answers

1616
01:23:04.560 --> 01:23:08.600
and give me the most important ones, right, rather than

1617
01:23:08.600 --> 01:23:10.920
me have to go and click into every single article

1618
01:23:10.960 --> 01:23:12.880
and find what I'm trying to find.

1619
01:23:13.479 --> 01:23:20.199
Like I like having an assortment. The chat GPT is fantastic,

1620
01:23:20.760 --> 01:23:24.680
but it's very precise. You've got to know exactly what

1621
01:23:24.720 --> 01:23:25.159
you're asking.

1622
01:23:25.239 --> 01:23:26.920
Yeah, you have to know how to use it right correct.

1623
01:23:27.720 --> 01:23:33.119
I had. Over the last thirty days, I probably've injured

1624
01:23:33.159 --> 01:23:37.680
myself at least four or five times working out various

1625
01:23:37.720 --> 01:23:42.399
stupid stuff I do and I'll google, you know, like

1626
01:23:42.479 --> 01:23:46.479
I fell the other day and sprained my risk quite severely.

1627
01:23:47.039 --> 01:23:49.359
What's the difference between a broken wrist and spraining wrist?

1628
01:23:49.439 --> 01:23:49.640
You know?

1629
01:23:50.159 --> 01:23:54.079
And with chat GPT, I'd have to get really specific

1630
01:23:54.119 --> 01:23:57.359
about it, whereas with Google, I just generally ask that

1631
01:23:57.479 --> 01:23:59.199
and then it gives me a bunch of different choices.

1632
01:23:59.239 --> 01:24:04.279
But you can look down. Probably probably old school guy

1633
01:24:04.720 --> 01:24:08.079
that likes Google better than chat GPT because chat GPT

1634
01:24:08.239 --> 01:24:11.399
is spectacular, but it is very precise. We will be

1635
01:24:11.520 --> 01:24:14.279
back with the final segment of The Money Matter Show

1636
01:24:14.319 --> 01:24:16.600
right after this break. Thanks again for taking a little

1637
01:24:16.640 --> 01:24:19.319
time out of your mosquito free Sunday morning.

1638
01:24:20.479 --> 01:24:23.439
Oh, welcome back everybody to the Money Matter Show. This

1639
01:24:23.479 --> 01:24:26.399
is the last segment. We appreciate you listening and hopefully

1640
01:24:26.439 --> 01:24:29.680
you're getting some good information. Summarize up everything. Market's made,

1641
01:24:29.680 --> 01:24:34.840
new highs again, careful valuations, a high, got a lot

1642
01:24:34.840 --> 01:24:37.520
of things going on. We're still in October. But you

1643
01:24:37.560 --> 01:24:41.680
know what, don't ever sell everything because you never know.

1644
01:24:42.119 --> 01:24:44.520
We could have a melt up here right into the election.

1645
01:24:45.399 --> 01:24:48.399
Good tith happened. I can imagine, knowing that September is

1646
01:24:48.399 --> 01:24:52.760
typically a down month, that you would have sold everything

1647
01:24:52.800 --> 01:24:55.600
at the end of August, right, so you'd be out

1648
01:24:55.640 --> 01:24:58.000
of arms a way for September and October.

1649
01:24:57.560 --> 01:24:58.880
And you would have looked good the first week.

1650
01:24:59.319 --> 01:25:01.920
You look good for one week, and then you'd be

1651
01:25:02.000 --> 01:25:06.039
kicking yourself ever since. I mean, it's been absolutely amazing.

1652
01:25:06.039 --> 01:25:08.000
You know, and a lot of people say, hey, what's

1653
01:25:08.000 --> 01:25:10.800
going to happen with the election? Take everything else out

1654
01:25:10.800 --> 01:25:15.800
of it. The markets actually usually do well no matter

1655
01:25:15.800 --> 01:25:18.560
who's in from top from the beginning to the end.

1656
01:25:19.319 --> 01:25:22.000
What happens is sometimes is in the middle of it,

1657
01:25:22.680 --> 01:25:25.760
the markets do fall sometimes, so you have to be

1658
01:25:25.840 --> 01:25:28.760
prepared for that, and that's why we try to mitigate risk.

1659
01:25:29.039 --> 01:25:31.079
And what we do is you look at your wrisk portfolio.

1660
01:25:31.199 --> 01:25:33.960
Part if you want to be seventy percent, and you

1661
01:25:34.039 --> 01:25:36.439
maybe reduce it to fifty five or sixty or even

1662
01:25:36.479 --> 01:25:39.760
fifty depending on your age, that's it. That means you're

1663
01:25:39.760 --> 01:25:42.960
still invested, you're still making money. But if it falls,

1664
01:25:43.000 --> 01:25:45.439
guess what you do. You get to step up and buy.

1665
01:25:45.880 --> 01:25:48.920
And at the end of August, knowing about this seasonal weakness,

1666
01:25:48.960 --> 01:25:52.039
we reduced our exposure to the market by about ten percent.

1667
01:25:52.479 --> 01:25:55.199
Are we kicking ourselves now? We're doing just fine. We're

1668
01:25:55.199 --> 01:25:57.960
doing just fine. We're comfortable. We're comfortable.

1669
01:25:58.000 --> 01:26:00.439
That's the whole idea behind investing. You want to be

1670
01:26:00.479 --> 01:26:03.479
comfortable so you do not force yourself into doing something

1671
01:26:04.079 --> 01:26:08.840
that is uncomfortable, like selling because the markets going down

1672
01:26:08.880 --> 01:26:12.279
and you're scared, or buying because you got fomo fear

1673
01:26:12.399 --> 01:26:12.960
missing out.

1674
01:26:13.199 --> 01:26:16.279
Yep, yeah, I think there's a lot of that too.

1675
01:26:16.600 --> 01:26:18.760
When you got to you're in a seasonally week time

1676
01:26:18.800 --> 01:26:21.920
of the year, pece are sky high. Interest rates are rising,

1677
01:26:21.920 --> 01:26:25.279
oil prices are rising. What is causing this market to

1678
01:26:25.399 --> 01:26:29.600
keep pushing higher? A fomo? Yeah, I believe. I believe

1679
01:26:29.600 --> 01:26:32.000
fomo is playing a big role in that.

1680
01:26:32.119 --> 01:26:33.760
The only thing that could be nowadays, because if you

1681
01:26:33.800 --> 01:26:38.600
think about it, you don't have a scenario where we're

1682
01:26:38.600 --> 01:26:41.119
wondering if they're going to lower interestrates because they already did.

1683
01:26:41.680 --> 01:26:44.479
There's a case they might not lower them because they

1684
01:26:44.520 --> 01:26:46.479
might say, wait a second, I'm you know, we don't

1685
01:26:46.479 --> 01:26:48.439
need to move that fast. Things are still good. We

1686
01:26:48.479 --> 01:26:50.800
don't want to get heated up here. Let's see where

1687
01:26:50.840 --> 01:26:51.479
we go with it.

1688
01:26:51.880 --> 01:26:54.680
I'm kind of personally hoping they're done for the year

1689
01:26:55.720 --> 01:26:59.520
lowering rates the federal Reserve because what we've seen since

1690
01:26:59.560 --> 01:27:02.279
they lower race the last time is race moving higher

1691
01:27:02.479 --> 01:27:05.600
almost every single day. So stop, you're killing us.

1692
01:27:05.680 --> 01:27:08.239
Yeah, and commodity's catching a huge bid too on that.

1693
01:27:08.479 --> 01:27:10.960
All right, oil, gold, copper.

1694
01:27:12.000 --> 01:27:14.560
Stop it, you're killing us. You know, it's just a

1695
01:27:15.439 --> 01:27:18.039
the uh I was I was looking at the at Pfiser.

1696
01:27:18.640 --> 01:27:21.880
Pfiser hit sixty one dollars a year during the pandemic.

1697
01:27:22.840 --> 01:27:25.640
Stock hit an eleven year low of twenty five in

1698
01:27:25.680 --> 01:27:28.520
April of this year. It's after having it hit an

1699
01:27:28.560 --> 01:27:31.279
all time high sixty one dollars this year, it came

1700
01:27:31.319 --> 01:27:33.840
all the way down to an eleven year low.

1701
01:27:34.680 --> 01:27:37.479
And that's because it was going up with the pandemic.

1702
01:27:37.600 --> 01:27:40.279
Oh yeah, the drugs and now people saying, hey, I

1703
01:27:40.279 --> 01:27:43.039
don't want those things. I can't believe they weren't prepared

1704
01:27:43.079 --> 01:27:45.079
for that, that something else would have to replace it.

1705
01:27:45.680 --> 01:27:47.880
Yeah, well, I think, you know, it's like so many

1706
01:27:47.920 --> 01:27:51.159
things doing you overshoot both ways, you know, and.

1707
01:27:50.920 --> 01:27:52.439
So it was even that big look at some of

1708
01:27:52.520 --> 01:27:53.000
the other ones.

1709
01:27:53.039 --> 01:27:57.720
How far they won, Oh yeah, yeah, Lily is now yeah,

1710
01:27:57.920 --> 01:28:01.560
oh my goodness. Well yeah, the pe On pvisor is low.

1711
01:28:02.359 --> 01:28:03.960
The thing that people kind of hanging their hand out

1712
01:28:03.960 --> 01:28:05.960
with pfizers, they got a dive it into five point

1713
01:28:06.000 --> 01:28:08.920
seven percent. Here's the problem. Their income is zero.

1714
01:28:09.279 --> 01:28:09.520
Yeah.

1715
01:28:10.399 --> 01:28:11.760
How long are you going to have a five point

1716
01:28:11.800 --> 01:28:13.600
seven percent dividend when you have no income?

1717
01:28:13.680 --> 01:28:15.960
No? But with big companies though, they got the income

1718
01:28:16.000 --> 01:28:19.079
stream that's coming in the cash flow. Yea cash flow.

1719
01:28:19.159 --> 01:28:21.960
Yeah, Dean, you had you said ELII. But at least

1720
01:28:22.000 --> 01:28:24.520
they had to drug the back their sales.

1721
01:28:24.640 --> 01:28:27.279
Oh I know, yeah, but maybe I mean, if you

1722
01:28:27.319 --> 01:28:29.319
can get your hands on its supply and demand again.

1723
01:28:29.680 --> 01:28:33.680
But you know, if if this, if this administration keeps

1724
01:28:33.680 --> 01:28:36.079
going with Harris, they're going to be pounding on them

1725
01:28:36.119 --> 01:28:37.119
that they can't make money.

1726
01:28:37.239 --> 01:28:39.600
FDA says that there's no shortage anymore. So all these

1727
01:28:40.039 --> 01:28:42.600
all these compound pharmacies can't begin to make them anymore

1728
01:28:42.680 --> 01:28:43.920
or can't keep making them.

1729
01:28:44.119 --> 01:28:49.000
Right, have you seen any disruption since the three day strike?

1730
01:28:49.920 --> 01:28:52.159
Because that was one of the three day port strike.

1731
01:28:52.479 --> 01:28:54.880
The first thing yet, oh no, the first thing we'll

1732
01:28:54.920 --> 01:28:57.640
see it. The first thing that was disrupted was was

1733
01:28:57.720 --> 01:28:59.079
the GLP one drugs.

1734
01:28:59.399 --> 01:29:02.239
Remember, as the earnings come out now, right, which is

1735
01:29:02.239 --> 01:29:05.439
the big thing over the next three weeks earnings, every

1736
01:29:05.439 --> 01:29:07.920
one of them are going to talk about what they

1737
01:29:08.000 --> 01:29:10.560
can't see the future because we don't know what the

1738
01:29:10.600 --> 01:29:11.880
supply chain is going to look like.

1739
01:29:13.119 --> 01:29:16.439
That's what they're going to be, right. Yeah. It is

1740
01:29:16.520 --> 01:29:19.760
amazing how disruptive it can be. And all you have

1741
01:29:19.800 --> 01:29:25.920
to do is go back to the the CrowdStrike software

1742
01:29:26.000 --> 01:29:29.800
update shut down the country and how long it took

1743
01:29:29.840 --> 01:29:33.600
to recover from that week. It took weeks.

1744
01:29:33.680 --> 01:29:35.760
I don't think Delta Airlines still recovered from it.

1745
01:29:36.239 --> 01:29:36.680
I don't know.

1746
01:29:37.159 --> 01:29:38.960
I don't know how the airlines don't make money?

1747
01:29:39.680 --> 01:29:40.439
Isn't it crazy?

1748
01:29:40.600 --> 01:29:43.039
I just don't get it. How did Delta disappoint?

1749
01:29:43.119 --> 01:29:47.560
Every flight you're on is packed, packed, every eye.

1750
01:29:47.319 --> 01:29:51.159
And the prices are higher. And that's what happens when

1751
01:29:51.239 --> 01:29:53.560
all of a sudden you have to stop paying all

1752
01:29:53.640 --> 01:29:56.079
this money to everybody. Gas prices are higher, every the

1753
01:29:56.079 --> 01:29:59.319
fuel prices are higher. Everything. I don't know, And guess

1754
01:29:59.319 --> 01:30:01.239
what they have cover regulations on them.

1755
01:30:02.039 --> 01:30:04.920
Speaking of the pandemic. Back during the pandemic, one of

1756
01:30:04.960 --> 01:30:09.159
the things that everybody was doing two of the companies

1757
01:30:09.199 --> 01:30:13.159
as Zoom and Docusine right because we couldn't meet anybody

1758
01:30:13.159 --> 01:30:15.680
in person, so if you wanted to do business, you

1759
01:30:15.680 --> 01:30:18.159
had to do it by Zoom or docusigning. Both of

1760
01:30:18.159 --> 01:30:21.880
those stocks went to the moon, and within twelve to

1761
01:30:21.960 --> 01:30:25.199
fourteen months after the pandemic peaking, they had just completely

1762
01:30:25.239 --> 01:30:27.760
fallen apart because we're never going to use them again.

1763
01:30:28.119 --> 01:30:30.840
And well, it turns out that both of those products

1764
01:30:30.920 --> 01:30:34.640
are pretty reasonable products. They have in your life. We've

1765
01:30:34.640 --> 01:30:37.159
been using Docusin quite a bit here in the office.

1766
01:30:37.399 --> 01:30:40.560
I rallied five percent to a two year high last

1767
01:30:40.560 --> 01:30:42.399
week on news that they're going to be added to

1768
01:30:42.479 --> 01:30:46.800
the mid cap four indecks, And like I say that

1769
01:30:47.000 --> 01:30:49.399
that was one of those stocks that you.

1770
01:30:49.359 --> 01:30:51.399
Know, what's the most impressive about Docusin to me is

1771
01:30:51.439 --> 01:30:53.840
the fact that they don't really have competitors. I'm not

1772
01:30:53.880 --> 01:30:55.760
going to say that there's not competitors out there, because

1773
01:30:55.760 --> 01:30:58.039
there is. Adobe PDF is one of the biggest ones

1774
01:30:58.039 --> 01:31:00.840
for them, But there's not another DOCU sign out there.

1775
01:31:00.840 --> 01:31:03.399
There's not another zoom out there. Everybody that wants to

1776
01:31:03.520 --> 01:31:06.039
sign things electronically goes through DOCU sign.

1777
01:31:06.479 --> 01:31:10.840
So let me ask you a question. You just came

1778
01:31:10.880 --> 01:31:14.720
into a whole bunch of money. Where would you invest it? Now?

1779
01:31:14.880 --> 01:31:20.520
Where would I invest it? Now? Boy? How much money?

1780
01:31:20.479 --> 01:31:21.000
Did I come into?

1781
01:31:21.920 --> 01:31:22.880
Half a million bucks?

1782
01:31:23.000 --> 01:31:27.000
All right? So it's not I can't quit, I can't

1783
01:31:27.039 --> 01:31:29.880
go home, right I probably right now, I'd probably buy

1784
01:31:29.920 --> 01:31:32.760
a ninety day treasury wait for an opportunity.

1785
01:31:33.840 --> 01:31:36.720
How about you, Well, let's talk about the markets. What

1786
01:31:36.800 --> 01:31:38.000
would you invest in the markets?

1787
01:31:38.039 --> 01:31:40.680
Yeah? You know space? Which space in the market? Yeah?

1788
01:31:40.680 --> 01:31:41.199
What space?

1789
01:31:42.199 --> 01:31:42.960
That's a tough one.

1790
01:31:43.159 --> 01:31:46.880
I don't know if I would do consumer staples right now, Okay,

1791
01:31:46.920 --> 01:31:49.920
but I certainly would be afraid to do technology like

1792
01:31:50.159 --> 01:31:53.000
I like energy. That's exactly where I would go. I

1793
01:31:53.000 --> 01:31:54.920
would go energy, right, No, I think you guys are

1794
01:31:54.920 --> 01:31:58.079
on but hit, you're going to need energy for the

1795
01:31:58.199 --> 01:32:00.279
for the years to come. We keep talking about it.

1796
01:32:00.319 --> 01:32:04.199
In the AI space, that's absolutely one space I would

1797
01:32:04.199 --> 01:32:05.439
I would definitely be looking at.

1798
01:32:05.479 --> 01:32:07.159
And if you look back at twenty twenty three, what

1799
01:32:07.279 --> 01:32:10.479
was the worst performing sector of that year? Utilities? What's

1800
01:32:10.479 --> 01:32:13.760
been the best performing sector of twenty twenty four utilities.

1801
01:32:13.960 --> 01:32:17.800
What's the worst performing sector of twenty twenty four energy.

1802
01:32:17.960 --> 01:32:19.600
The other one I have my eyes on is the

1803
01:32:19.640 --> 01:32:22.800
cooling systems for these big computer.

1804
01:32:22.439 --> 01:32:26.640
Booms, right right, AI, right, wow, man, because the data centers.

1805
01:32:26.760 --> 01:32:28.720
Yeah, the data centers you're going to have, they have

1806
01:32:28.840 --> 01:32:32.000
to be cooled and they need electricity to be cooled.

1807
01:32:32.119 --> 01:32:35.439
So you got power and cooling, which are the two

1808
01:32:35.560 --> 01:32:38.680
areas I think? And you know, I mean, I'm trying

1809
01:32:38.680 --> 01:32:40.600
to wait for this one company to come back down.

1810
01:32:40.640 --> 01:32:42.560
I just it just won't come back down.

1811
01:32:42.800 --> 01:32:42.960
You know.

1812
01:32:43.039 --> 01:32:45.239
In the forty eighties, it's a it's about one hundred

1813
01:32:45.279 --> 01:32:48.039
and I don't know eight now actually born in the seventies,

1814
01:32:48.119 --> 01:32:50.840
one hundred and eight. And I've thought for sure it

1815
01:32:50.840 --> 01:32:52.560
would be coming back down with a little bit of

1816
01:32:52.600 --> 01:32:54.119
market decline. I hasn't done it yet.

1817
01:32:54.119 --> 01:32:56.399
Well, we haven't had any market decline. Maybe that's why

1818
01:32:56.520 --> 01:32:57.039
it'll give us.

1819
01:32:57.079 --> 01:32:57.920
It'll give us a chance.

1820
01:32:58.399 --> 01:32:59.079
Maybe that's why.

1821
01:32:59.199 --> 01:33:01.359
Yeah, Well, it's gonna will probably be higher than I

1822
01:33:01.439 --> 01:33:03.439
wanted to buy it, but I think I'm gonna have

1823
01:33:03.479 --> 01:33:04.640
to jump on it at some time.

1824
01:33:04.800 --> 01:33:07.600
One that we've had for clients that's been really disappointing

1825
01:33:07.680 --> 01:33:11.920
is win Resorts and wind Resorts is most of their

1826
01:33:11.960 --> 01:33:16.199
businesses in Macau, which is China. And the whole reason

1827
01:33:16.239 --> 01:33:19.560
we bought it is because of the booming the resurgence

1828
01:33:19.600 --> 01:33:22.920
of the Chinese economy after COVID and everybody would be

1829
01:33:22.920 --> 01:33:26.119
coming back to Macau. Well it turned on. The housing

1830
01:33:26.600 --> 01:33:31.880
bubble kind of burst right after the pandemic ended, and

1831
01:33:32.119 --> 01:33:34.760
as a result of Macau has been very very slow

1832
01:33:34.800 --> 01:33:39.000
to come back, and stock has in this Chinese resurgence,

1833
01:33:39.039 --> 01:33:41.159
the stock has jumped thirty five to forty percent in

1834
01:33:41.199 --> 01:33:44.680
the last what three weeks, four weeks? Yeah, and we said,

1835
01:33:44.680 --> 01:33:49.000
thank you took that hit the bid, We're out. They

1836
01:33:49.119 --> 01:33:52.479
got a little Papa On I think Wednesday or Thursday,

1837
01:33:52.479 --> 01:33:57.039
they became the first commercial gaming operator licensed in the

1838
01:33:57.199 --> 01:34:01.600
United Arab Emirates. Thing that's kind of interesting that the

1839
01:34:01.880 --> 01:34:07.760
United Arab Emirates are going to start allowing gambling. And

1840
01:34:07.880 --> 01:34:10.920
I mean there's no shortage of money in the United.

1841
01:34:10.920 --> 01:34:13.680
I think gambling. Yeah, I think I said gaming.

1842
01:34:13.880 --> 01:34:14.680
Did I say gaming?

1843
01:34:14.840 --> 01:34:17.439
It's the same thing. Gaming is gambling.

1844
01:34:17.079 --> 01:34:19.760
That's what I thought. Yeah, Yeah, gaming is a little

1845
01:34:19.800 --> 01:34:22.159
thoughts and Rowatt.

1846
01:34:22.479 --> 01:34:24.399
No, I thought gaming I'm thinking about.

1847
01:34:24.159 --> 01:34:26.319
You're thinking of betting on sporting events.

1848
01:34:26.399 --> 01:34:30.279
No, I'm thinking you think of game. Gambling is sporting events,

1849
01:34:30.279 --> 01:34:34.359
it's DraftKings, it's FANDL. To me, gaming is like video games.

1850
01:34:34.880 --> 01:34:39.079
No, no, no, gaming is the casino. That's what they

1851
01:34:39.119 --> 01:34:43.199
call casino gaming. I hear that's the term. Gotcha, but

1852
01:34:43.279 --> 01:34:45.279
got in your mind? The screen looks like you got

1853
01:34:45.279 --> 01:34:47.479
something to talk about.

1854
01:34:48.000 --> 01:34:51.920
Oh, you just pay yourselves. You know there's gonna be

1855
01:34:51.960 --> 01:34:54.000
a lot of earnings, a lot of talk about what's

1856
01:34:54.000 --> 01:34:55.439
going to happen in the future. You're gonna have a

1857
01:34:55.479 --> 01:34:59.000
lot of coos and CEOs talking about what's going on.

1858
01:34:59.520 --> 01:35:04.119
And I don't anyone's going to be so optimistic that

1859
01:35:04.399 --> 01:35:07.640
everyone's gonna want to jump on board. If you know

1860
01:35:07.680 --> 01:35:10.159
what I've seen, these things happen before you get a

1861
01:35:10.199 --> 01:35:13.439
melt up. Everyone's afraid of moving out. It keeps going

1862
01:35:13.520 --> 01:35:16.920
higher than you expect. But when that elevator comes down,

1863
01:35:17.640 --> 01:35:21.079
it comes down fast. And just be careful as well.

1864
01:35:21.079 --> 01:35:23.279
We we go up the stairs and down the escalator.

1865
01:35:24.239 --> 01:35:28.079
A lot of stuff going on. Obviously, you know where

1866
01:35:28.079 --> 01:35:28.399
we are.

1867
01:35:28.640 --> 01:35:29.119
Call us.

1868
01:35:29.199 --> 01:35:32.560
You need some help, you need a plan. Just way here,

1869
01:35:33.000 --> 01:35:35.079
we'll help you out. We'll be back next week with

1870
01:35:35.239 --> 01:35:41.119
your money matters. We always always want to be happy,

1871
01:35:41.359 --> 01:35:44.279
we want to be healthy, and at the end of

1872
01:35:44.319 --> 01:35:46.319
the day, we always strive to be