July 13, 2025

AI, Bitcoin & the Big Beautiful Bill: What You Need to Know Now

AI, Bitcoin & the Big Beautiful Bill: What You Need to Know Now
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AI, Bitcoin & the Big Beautiful Bill: What You Need to Know Now
AI, Bitcoin & the Big Beautiful Bill: What You Need to Know Now
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Dean is back in the studio as the Greenberg Financial Group team unpacks the whirlwind of political, economic, and market shifts shaping 2025. From the passage of the much-hyped Big Beautiful Bill and its economic implications to the explosive growth of Nvidia, the first $4 trillion company, this episode covers it all. We dissect the evolving AI landscape, spotlighting the companies poised to benefit, and dive into Bitcoin's record-breaking surge, what’s fueling it and where it may go next. Whether you’ve been glued to the markets or just tuning back in, this episode is your all-in-one catch-up on the year so far and what’s still to come.

If you would like to contact us to learn more about our firm and our process call us at 520.544.4909 or go to our website at www.Greenbergfinancial.com or email us at Contact@Greenbergfinancial.com

WEBVTT

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Good morning everybody. It's that time, eight o'clock.

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Right here on Sunday morning on seven ninety k S TEA.

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It's the Moneymatter Show, and this is Dean Greenberg. Before

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we get into things, I just want to let you

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know that nothing is wrong with me. My health is fine.

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All those things. We got a lot of calls at

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the office wondering if I retired, wonder if I did

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things like that, or how is my health?

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None of that.

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Is even relevant, not even close. When I am going

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to say, I'm a pretty lucky guy because after forty

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years of being in his business, I was able to

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put together a staff that I can actually go away

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with today's technology and operate anywhere in the world and

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not miss a beat. My staff, my advisors fantastic and

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we've grown to a big type of business that we're

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all learning and moving forward. But with today's technology, no

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matter where I am, in the middle of the ocean,

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the top of a mountain, the bottom of a cave,

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as long as there is Wi Fi, were connected. And

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at the end of the day, that's what occurred. And

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I hope everybody has an opportunity to be in that

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position at sometime in their life that they can go

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do something for all length of time because they built

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up everything and hired the right people and did the

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right things, so you can go out and enjoy your life.

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Isn't that what it's life about. You work hard, you

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do the things you need to do so you can

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enjoy the benefits of all your hard work.

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And that's all it was.

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And I am going to talk about it a little

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bit later because we were overseas and what you hear

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in the news here is not what they think overseas.

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And I was around people from Portugal, from Australia to France,

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to South America, you name it, and all over the country.

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And it's interesting that ninety percent of the people think

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like we do. Ninety percent of the people think the

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same thing about Trump. Like Trump, like what he's doing,

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but I have reservations about the way he does things.

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So if you think about that, comes back to what

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we always say. It's the legacy media and the social

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media that is absolutely out of control. And we know

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who controls the legacy media. So at the end of

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the day, you gotta do what I did. Tune it out,

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get rid of it, don't even think about it. And

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you're going to enjoy your life. There's a lot more

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to life than there is politics. There's a lot more

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to life. Been worrying about what Congress is gonna do

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or anybody else because we can't change it until we vote.

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So with that, I'm gonna go talk about the markets

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and tell you straight up watch them every day, know

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exactly what's going on every day, and if you think

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about it, all we did was go up in the

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face of everything that was bad. So over the last

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six seven, eight weeks, we've had bombings in the Middle East,

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We've had Ukraine and Russia not come into any agreements,

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we had tariffs on taris off, and we made new

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hives in the marketplace. Now, the market is always smarter

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than every investor. The markets. Once in a while, especially

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on the cell side, we'll get out of control because

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the bias step away and they just let it fall

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and say I'll just wait and buy it cheaper.

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But for the most part.

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Markets climb a wall of worry, and we have a

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lot of worry out there. Wish is why I'm going

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to tell you I'm uncomfortable with where we are at

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the markets. Not so much because of the outside noise,

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but for the valuations. But I keep coming back to

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it and say, Okay, where are we going to be?

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But like everything up here, I'm trying to mitigate a

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little bit of risk by raising a little cash again,

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putting some money on the sidelines, because at any time

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we can drop three to five percent.

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Do I think we're going all the way back down? Nope.

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I do think we're going to go much higher over time.

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But I do think.

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That the the the fluctuations in the market are going

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to be increasing as we move forward.

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And I do think that the news that we hear

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drive us.

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But once any type we have a five or ten

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percent moved down, it's I think it's a buying opportunity

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because eventually we're going to get a fed to low

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interest rates. Eventually we're going to have more deregulation. Companies

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are going to continue to produce. We're going to keep

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buying stuff. Will some people, some companies get hurt because

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of tariffs. Yes, Will there be a little bit higher

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prices at some time, could be on some items.

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Haven't seen it yet, and there's tariffs.

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But if inflation just went up a little bit compared

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to where it was and we survived that it'll be

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very easy for it to turn around and go the

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other way. We know that because if tarifts create it,

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tarists can go away and fix it. But what we're

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not saying, you think these other aren't going to deal

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with America. They can't survive without us. We got to

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stop thinking that everybody hates it because they don't. One

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of the couples I was with was from from from Canada,

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and it was the second person I met on my

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trip that says, I hope that the United States we

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become a We can become a partner with the United

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States and actually become a state and get the benefits.

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They understand that.

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They also talked about their socialistic society and how it

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doesn't work. The media tries to say it's the greatest

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life ever because they have all this free health care,

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but they pay.

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For it.

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And then they don't have the money to do other things.

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They can't survive on their own if they ever were attacked.

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They don't have the military or the capabilities to stop

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being invaded unless where they are to help, on which

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we would be. Not only are the friends of ours,

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but it's our best interest to protect.

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Our continent. But it was interesting listen to the Canadians

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because all.

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You hear is how much they hate us somewhere and

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everything else.

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Not true.

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People from France we met, not true. But it's amazing

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how everybody can get along. So with the markets continue

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to go hard, why am I uncomfortable valuations? They always

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play a part, which is sometimes we're walking into the August, September,

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October timeframe, we're probably going to have a move down

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and then to move higher into the end of the year.

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If you've known me for the last thirty five years

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on this radio show, you know I always try to

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mitigate risk. Sometimes I do I should not mitigate risk

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because the markets keep going higher, But that doesn't mean

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we're not making money.

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Just means we're not making as much.

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But when we mitigate risk and the markets go down

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fifteen to twenty percent and we're down less than half

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of that, and then we're able to get in and

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start looking the other way, it helps produce decent returns

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without all the risk.

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That's what it comes down to.

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But before we do all of that stuff, okay, and

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talk with a lot of the people that we were

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away with, nobody has a plan. I'm gonna three three

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people said, I'm calling you. I want to do the plan.

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I need a plan. I'm retiring. No one ever talks

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to me about how am I gonna be retire? What

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is my financial plan? How am I going to go forward?

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How am I gonna now?

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I've all I.

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Remember is accumulating money. I don't know how to deaccumulate

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money in the safest, best way that meets my interest.

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That's what I learned on this trip. And the people

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I was with were no different than the people that

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are listening here.

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We go ahead and.

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Accumulate for ten, twenty, thirty, forty years, and then all

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of a sudden, we're retired and we'll go how do

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we deaccumulate? And it's scary when you don't have any

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income coming in except maybe a pension of Social Security,

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which is less than what you were making and earning before,

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So all those things have to come into play. So

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it's always starts with the plan. If you don't have

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a plan, you better get one. If you have a plan,

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you haven't revisit it, you better revisit it. If you

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have a plan and you don't really understand it and

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you're uncomfortable, you better go talk to someone else that

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can help you with that. We do second opinions all

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day long. We'll help anyone that needs help. That's the

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one thing you know and can count on from Greenberg

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Financial Group will help anyone. Whether you've got ten thousand

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dollars or ten million dollars, we will help you and

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we can't help you. And the difference is after we're

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done and said we're doing the plan, we also managed

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the money, which was so unique to every single person

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I spoke to. And I think that's the difference maker

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right there, because we're able to tail and make a

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portfolio just for you. So now we're looking at where

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we are in the markets right what will make the

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markets go higher? Well, obviously a conclusion to the tariffs,

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which isn't going to happen anytime soon, interest rates coming

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down which probably aren't going to happen till least September,

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or more. Pressure Middle East piece that actually sit is

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is real and spreading the Abraham Accord and getting Iran

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on on track to become a great and flourishing country

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just like Syria. Starting to feel cease fire with Israel,

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and guys are getting all, not some, but all of

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the hostages back, putting down the guns and rebuilding Palestine

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for Palestinians that want to live in peace, not Hamas,

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not Habola.

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That's all funded from Iran. It gets peace there.

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Russia has no choice to eventually make peace would Ukraine

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because let's face it, they've been helping out with Iran

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and Syria, the funding coming from oil. It's all wrapped

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up in one big thing. And then if we can

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get a deal with China, that's when you start seeing

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the markets go higher because now the risk of all

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those things have subsided. But the real key to the

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whole thing is that you know that Trump administration is

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all about deregulation, capitalism and the ability to have free markets.

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We're gonna do America first because we've got to take

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care of America first. What we're seeing on the streets

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in the sanctuary cities, in my opinion, is a shame.

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It's shameful. It's shameful that it's allowed to happen. It's

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shameful that people feel that it's okay to go ahead

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and hurt others, maybe even kill them because you don't agree.

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What's going on.

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Protesting is great, stand out there with you signs all

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day long. You and I both know that doesn't go anywhere.

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Nobody cares, so that gets frustrated. And now that its

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aught to violence, which is the only thing they're doing,

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is going to hurt themselves because let's face it, everyone

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that's doing that is the same people that didn't vote

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for Republicans. Anyway, They're done in cities that aren't done.

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But what we got to do is make sure that

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we become a country of legal citizens. Now I'm okay

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with shutting the borders, that's fantastic, And I'm okay getting

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rid of all the illegal criminal immigrants. I'm only even

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okay to get rid of the people that have just

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gotten over here in the last couple of years. Okay,

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But this is where I'm going to differ with some people.

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People that have been here five years, ten years, twenty years,

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no trouble, families working. We need to go ahead and

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get a plan with our government and our Congress and

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the White House, and Trump needs to really push this opinion.

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Now you've got all this other stuff, what do we

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do with all these undocumented citizens in our country that

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are good people that have been here five ten twenty

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years and have contributed good things to America. We need

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to go ahead and figure out a way to make

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them annesty to a path to citizenship. Maybe it's ten

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or twelve years from now, but be the first ones

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to do it. You know, the Democrats talk about it

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all the time. We have control of the entire Congress

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and White House, all three levels. Let's put a plan

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together and push it and make it good for everybody

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that's gonna help. Okay, but if you're not working and

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you're illegal, you leave. If you're a criminal and you

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at all, that's first thing you leave. And if you're

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here and we're giving you this pathway and you do crimes,

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you're out of here. No questions asked. Okay, no questions asked.

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The people that are taking the self deportation and left

239
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and are now applying to get back in. We need

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to have a system. We need more judges, we need

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a quicker system. Get rid of it now. You want

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to deregulate things, now, get this going. That's where I

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stand on that. We need good immigrants to come here

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just like we did fifty years ago, one hundred years ago,

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two hundred years ago. Okay, people come to this country

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like minded. I don't care what they look like, I

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don't care where they come from, as long as they're

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here to go ahead and make America better, make their

249
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lives better.

250
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Let's do that.

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And that's where I think we're falling short because I

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don't hear any talk about doing it, except now he's

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talking about it on the farms. We know we need this,

254
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We know the farmers need the help. So come up

255
00:16:07.720 --> 00:16:11.080
with a plan to do that, but then expand it

256
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to others. We all know people that have been here

257
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a long time that probably are not legal, the good citizens, they.

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Work, they do everything we need.

259
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Let's figure this out because that would put us ahead

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00:16:26.600 --> 00:16:32.919
of everybody. There's big, beautiful bill. Okay, you know what

261
00:16:32.960 --> 00:16:36.960
I like about it. There's something in there for everybody.

262
00:16:37.039 --> 00:16:40.519
There's something positive for everybody. Or there's some things that

263
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gonna hurt others probably could. Are there going to be

264
00:16:44.879 --> 00:16:48.440
mistakes on the medicare Medicaid where some people that were

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00:16:48.480 --> 00:16:51.120
supposed to get it but are not really illegal aren't

266
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getting it. Probably, But I dare someone to get in

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touch with me to tell me that it's okay for

268
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someone that's not an American citizen to be able to

269
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get paid Social Security or healthcare, or food stamps or

270
00:17:08.720 --> 00:17:11.400
anything else that our tax payer money is going to

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when they are not an American citizen. Become an American citizen.

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I know so many people that have gone through the

273
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years and the hardship of becoming an American citizen, and

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it's not easy, and they went through the process and

275
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there now American citizens. There are five people I met

276
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on our trip that have done that process.

277
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And they're proud to be Americans. Take this the way

278
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it is.

279
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I also think that if you're going to become an American,

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you need to speak English. You have to learn how

281
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to speak English. You go to all these countries around

282
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the world. Guess what, ninety percent of them know how

283
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to speak English. So why would you come here and

284
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now know how I want to speak English? And why

285
00:17:58.680 --> 00:18:01.480
would we say that's okay? We should need to teach them.

286
00:18:02.880 --> 00:18:06.839
That should be a requirement of coming to America. Learn

287
00:18:06.880 --> 00:18:08.559
how to speak English. Maybe you don't know it at

288
00:18:08.599 --> 00:18:13.799
the beginning and you're a refugee and an asylum, Okay,

289
00:18:14.039 --> 00:18:16.880
we teach you. You have to be agreed to do

290
00:18:16.960 --> 00:18:20.599
it and get a job and pay taxes and pay

291
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whatever you can for health care. So going back to

292
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the big beautiful bills. So if you want government assistance

293
00:18:29.279 --> 00:18:33.440
and you're not a your kids aren't under fourteen years old,

294
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and you're on Medicare and food stamps, okay, fine. But

295
00:18:38.960 --> 00:18:40.759
if you're above it and you're not fitting in, go

296
00:18:40.799 --> 00:18:44.519
work twenty hours a week. Well, subsidize you, but you

297
00:18:44.640 --> 00:18:48.759
need to work. Also, I'm tired of people with their

298
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hands out. I'm tired of doing that. So you get

299
00:18:51.480 --> 00:18:53.559
all this stuff, and you get productive people, and you

300
00:18:53.599 --> 00:18:57.640
get people investing, that's great. Don't and don't think for

301
00:18:57.759 --> 00:19:04.079
one second that one policy I heard about children being

302
00:19:04.920 --> 00:19:08.240
born and stuff and starting them off with a thousand

303
00:19:08.279 --> 00:19:12.039
dollars into an account. Okay, this is what I keep

304
00:19:12.039 --> 00:19:15.000
talking about. As for Social Security, as that's.

305
00:19:14.759 --> 00:19:16.279
How you're gonna get rid of it.

306
00:19:16.279 --> 00:19:20.519
It's gonna be a combination of things, but private accounts

307
00:19:20.599 --> 00:19:23.640
that you can't touch to a certain time unless there's

308
00:19:23.680 --> 00:19:26.839
restrictions or hardships that have to meet a certain requirement.

309
00:19:28.079 --> 00:19:31.319
But if that money continues to go in every year,

310
00:19:31.400 --> 00:19:35.359
every month, all the time into these indexes, don't think

311
00:19:35.400 --> 00:19:38.680
for one second that's not gonna bully the stock market,

312
00:19:40.160 --> 00:19:42.640
So then you're gonna have to adjust evaluations a little bit.

313
00:19:42.640 --> 00:19:44.599
And maybe that's what the markets are doing right now,

314
00:19:44.680 --> 00:19:47.759
understanding this process is gonna happen as we go down

315
00:19:47.799 --> 00:19:51.720
and go down the road. I like how we're starting

316
00:19:51.720 --> 00:19:54.839
to look at how we're gonna do rare earth materials

317
00:19:54.880 --> 00:19:55.839
in the United States.

318
00:19:56.119 --> 00:19:57.279
I like the fact that the.

319
00:19:59.599 --> 00:20:04.440
Government is getting involved government, the Department of Energy, with

320
00:20:04.880 --> 00:20:08.359
some companies and becoming partners with them and putting money

321
00:20:08.359 --> 00:20:11.160
into them so we can keep rare earth materials in

322
00:20:11.200 --> 00:20:13.680
the United States have stop mining them. So ninety percent

323
00:20:13.720 --> 00:20:15.480
of the stuff that comes from China we don't need.

324
00:20:16.279 --> 00:20:18.640
So right now, where do we think the markets can go? Yeah,

325
00:20:18.680 --> 00:20:21.680
I think they can be stalling out here unless something

326
00:20:22.240 --> 00:20:24.599
amazing happens. We're coming into the weak part of the

327
00:20:25.359 --> 00:20:28.480
year August tenber October. Do I think we're dropping down

328
00:20:28.519 --> 00:20:32.079
another ten to twenty percent? No, but I do think

329
00:20:32.200 --> 00:20:36.200
maybe three, five, seven percent, possibly maybe ten. I don't

330
00:20:36.240 --> 00:20:38.880
think so, but I'm not saying I don't rule that out.

331
00:20:40.759 --> 00:20:43.640
But you should have a raise some cash now, become

332
00:20:44.000 --> 00:20:47.960
uncomfortable with the market, put it in the money market

333
00:20:47.960 --> 00:20:50.599
that right now is paying you pretty decent money and

334
00:20:50.640 --> 00:20:56.160
look for buy an opportunity. But AI is what the

335
00:20:56.839 --> 00:20:59.960
smartphone was. AI is what computers were.

336
00:21:00.079 --> 00:21:00.200
Uh.

337
00:21:01.039 --> 00:21:05.640
Technology is what drives everything. And yes, there's a lot

338
00:21:05.640 --> 00:21:08.079
of small AI companies that can do great and make

339
00:21:08.079 --> 00:21:10.400
you all this money buy all these newsletters. But you

340
00:21:10.400 --> 00:21:13.640
know what if you stay with the good ones, the Amazons,

341
00:21:13.680 --> 00:21:18.440
the Googles, then the videos, the chip companies, and you

342
00:21:18.559 --> 00:21:20.079
diversify out.

343
00:21:20.319 --> 00:21:21.680
Okay, you diversify out.

344
00:21:21.759 --> 00:21:24.920
Yes, they're gonna be volatile, but at the end of

345
00:21:24.920 --> 00:21:27.519
the day, for the next two, three, four, five years,

346
00:21:27.799 --> 00:21:29.839
they are the ones that are gonna keep ahead of

347
00:21:29.880 --> 00:21:32.400
the game because you know why they will buy those

348
00:21:32.440 --> 00:21:35.880
smaller companies. They can pay billions of dollars to go

349
00:21:35.920 --> 00:21:38.240
ahead and get that technology and make it part of.

350
00:21:38.200 --> 00:21:40.640
Them, which means they're only going to make more and

351
00:21:40.720 --> 00:21:43.160
more money. Okay.

352
00:21:43.720 --> 00:21:46.960
So here's my last thing about what's going on, and

353
00:21:47.000 --> 00:21:50.160
this is I'm a little I'm a little concerned, but

354
00:21:50.279 --> 00:21:53.319
not so much concerned, but I'm disappointed. Let's put it

355
00:21:53.319 --> 00:21:57.319
that way. We all know and we always say the

356
00:21:57.400 --> 00:22:01.720
government is corrupt, the govern and just cares about themselves,

357
00:22:02.519 --> 00:22:06.920
you know, and they always lied to us. Well, we

358
00:22:07.039 --> 00:22:09.680
know that the Biden administration would just take the highlights.

359
00:22:09.720 --> 00:22:12.279
They lied to us, and we're trying to come after

360
00:22:12.359 --> 00:22:18.880
them for the way Joe Biden's mental capacity was. Okay,

361
00:22:18.920 --> 00:22:21.440
we got that. We know they lied about hunt the Biden.

362
00:22:21.480 --> 00:22:25.000
We know the FBI and everybody else was against Trump. Okay,

363
00:22:25.039 --> 00:22:27.880
those are the three big ones. Now we come into

364
00:22:27.960 --> 00:22:32.640
here and I'm upset and disappointed with the way the.

365
00:22:32.559 --> 00:22:34.559
White House is dealing.

366
00:22:35.519 --> 00:22:39.680
We're saying the Epstein files, the JFK file, all these

367
00:22:39.720 --> 00:22:43.920
files were gonna come out, and they don't, and there's

368
00:22:43.960 --> 00:22:48.000
nothing to it, and we haven't seen hardly anything. When

369
00:22:48.000 --> 00:22:50.519
you tell me those files are on my desk and

370
00:22:50.559 --> 00:22:54.119
now you're changing it to uh, well, it's all the files.

371
00:22:54.160 --> 00:22:56.440
I didn't really go through it. And then the FBI

372
00:22:56.599 --> 00:22:58.480
was saying that, oh, we can't get it because they

373
00:22:58.480 --> 00:23:02.279
have it, and go that's a bad, bad feeling in me.

374
00:23:02.400 --> 00:23:04.880
It's like, come on, we know they all corrupt, but

375
00:23:04.960 --> 00:23:07.200
did you have to go down this way? My feeling

376
00:23:07.240 --> 00:23:10.039
is real simple, be transparent about it.

377
00:23:10.440 --> 00:23:11.160
Put it out.

378
00:23:11.039 --> 00:23:15.119
There, because I'll tell you right now, if you were

379
00:23:15.200 --> 00:23:21.519
actually and they can prove that you were with underage children,

380
00:23:22.200 --> 00:23:24.079
I don't want you running my country. I don't want

381
00:23:24.079 --> 00:23:27.599
you running my businesses. I don't want you anywhere except

382
00:23:27.599 --> 00:23:30.960
behind boss. Because you had the opportunity to say no,

383
00:23:31.119 --> 00:23:34.720
and you had the opportunity to stop it, and people

384
00:23:34.720 --> 00:23:37.920
didn't do it. And there's nothing that upsets me more

385
00:23:38.119 --> 00:23:41.880
than pedophiles. There's nothing that upsets me more than people

386
00:23:41.880 --> 00:23:43.640
that can fly to an island and be rich and

387
00:23:43.759 --> 00:23:45.880
all this other stuff and do whatever they want to

388
00:23:45.920 --> 00:23:50.480
do until the line draws there with girls that are younger. Now,

389
00:23:50.519 --> 00:23:53.720
did it happen, I don't know. I'm sure it did.

390
00:23:53.880 --> 00:23:56.599
Was it for a small client tele possibly? But the

391
00:23:56.680 --> 00:24:00.599
whole thing stinks right now that there's an another cover

392
00:24:00.680 --> 00:24:03.200
up by the Republicans, just like there's a cover up

393
00:24:03.480 --> 00:24:05.400
with the others. The only way this is going to

394
00:24:05.480 --> 00:24:08.319
stop is by putting people in jail, going ahead and

395
00:24:08.359 --> 00:24:11.599
being transparent and and and taking them off their pension,

396
00:24:11.960 --> 00:24:16.559
taking them off their off their healthcare, be citizens, term limits,

397
00:24:16.759 --> 00:24:18.839
and act like we all do, and that will make

398
00:24:18.920 --> 00:24:20.920
us the best country in the world. We'll be right back.

399
00:24:21.000 --> 00:24:23.880
It's the money matter show. I do appreciate you listening.

400
00:24:25.559 --> 00:24:29.039
Welcome back, everybody. It's a great day. We have everyone

401
00:24:29.039 --> 00:24:34.039
here today, Dave and Dylan, and and Todd and myself Sebastian,

402
00:24:34.480 --> 00:24:37.079
to bring you the best insight we can of what

403
00:24:37.240 --> 00:24:41.440
is going on, not only in the markets, but the

404
00:24:41.480 --> 00:24:44.319
political world globally.

405
00:24:44.759 --> 00:24:47.400
There's so much going on. But you know it's cool.

406
00:24:48.319 --> 00:24:50.160
The markets are at all time heights.

407
00:24:50.200 --> 00:24:50.680
Not the weather.

408
00:24:52.359 --> 00:24:53.359
We know it ain't the weather.

409
00:24:53.720 --> 00:24:57.279
You missed the best Fourth of July ever. You were

410
00:24:57.440 --> 00:25:00.839
not in town and anyone because it's been so warm.

411
00:25:00.920 --> 00:25:03.839
Anyone that could get out of town left town and

412
00:25:03.880 --> 00:25:09.000
it was unbelievable. There was no traffic, the temperatures were moderate,

413
00:25:09.279 --> 00:25:11.960
the restaurants were empty hoping you'd show up. It was

414
00:25:12.000 --> 00:25:15.039
like I got sent back to the nineties. It was wonderful.

415
00:25:15.079 --> 00:25:17.640
So we were in Croatia for Fourth of July, right, okay.

416
00:25:18.359 --> 00:25:21.599
People that was one of the women was from South Korea.

417
00:25:22.319 --> 00:25:27.880
She's wearing red, white and blue stripes saying she loves America.

418
00:25:27.920 --> 00:25:30.400
She is, she came over and she became a citizen.

419
00:25:30.920 --> 00:25:36.160
We had people from Colombia just wearing red, white and blue.

420
00:25:36.279 --> 00:25:39.759
We had people from Canada, Okay, but the best was

421
00:25:39.799 --> 00:25:43.200
the one from Australia who went through the whole channels

422
00:25:43.279 --> 00:25:46.680
of becoming and said that how much she loves America

423
00:25:48.039 --> 00:25:53.599
and why she's here, and how much she appreciated our troops.

424
00:25:53.519 --> 00:25:55.200
And what they've done.

425
00:25:55.359 --> 00:25:58.640
And everybody was all about fourth of July nice and

426
00:25:58.720 --> 00:26:01.920
about America nice. And so these people, I am telling

427
00:26:01.960 --> 00:26:06.400
you it wasn't politics. No one talked politics, but their

428
00:26:06.480 --> 00:26:10.079
sense was I love America, I love being here, and

429
00:26:10.119 --> 00:26:14.759
I've gone through the process, which was very hard years

430
00:26:14.759 --> 00:26:16.680
it took them to become an American.

431
00:26:17.960 --> 00:26:20.519
That's what we need. They've gone back to it.

432
00:26:20.880 --> 00:26:22.799
I realized at the end, is that if people go

433
00:26:22.880 --> 00:26:25.559
through the process, they respect America.

434
00:26:25.640 --> 00:26:27.279
Yeah, they don't have to. It's like anything, if you

435
00:26:27.319 --> 00:26:28.960
have to pay for it, to have to earn it, right,

436
00:26:29.680 --> 00:26:32.799
it's more meaningful. Right it's handed to you. There's no

437
00:26:32.880 --> 00:26:33.680
meaning there at all.

438
00:26:33.759 --> 00:26:35.839
And I'm telling you that all these people that came over.

439
00:26:36.200 --> 00:26:40.799
One's a restaurant tour she has a very big sushi

440
00:26:42.240 --> 00:26:44.519
type of restaurant. She's worth over one hundred million dollars.

441
00:26:44.559 --> 00:26:47.119
She took her money. She's invested in real estate all

442
00:26:47.160 --> 00:26:50.799
back East. The other one from Australia. She was a

443
00:26:51.160 --> 00:26:54.559
she's a dentist well with her own practice and doing great.

444
00:26:54.799 --> 00:26:58.319
So all these people that have come here is also

445
00:26:58.519 --> 00:27:01.119
understand the can dream as possible.

446
00:27:02.079 --> 00:27:05.119
You've said before it did very travel so around everybody

447
00:27:05.200 --> 00:27:07.440
wants the same thing. Yeah, everybody just wants to be

448
00:27:07.480 --> 00:27:08.519
happy and enjoy life.

449
00:27:08.599 --> 00:27:09.839
That's it.

450
00:27:10.400 --> 00:27:12.880
Don't drop bombs on my house, you know, don't just

451
00:27:13.759 --> 00:27:15.200
enjoy life exactly.

452
00:27:15.240 --> 00:27:15.400
You know.

453
00:27:15.440 --> 00:27:17.759
This show is sponsored by the Greenberg Financial Group. You

454
00:27:17.799 --> 00:27:21.279
can listen on seven ninety kNs d Lrightheart Radio. Show

455
00:27:21.319 --> 00:27:25.039
discusses different investment products and strategies. Every product and strategy

456
00:27:25.039 --> 00:27:27.920
have some type of inherent risk. We strongly encourage the

457
00:27:28.000 --> 00:27:31.039
listeners to properly understand this risk to determine whether the

458
00:27:31.079 --> 00:27:33.200
Buy Seller Hold Show has been on the air for

459
00:27:33.319 --> 00:27:36.720
over thirty years? Dean, did you know that five years?

460
00:27:37.240 --> 00:27:39.480
Do you understand though? For twenty two years you've been

461
00:27:39.480 --> 00:27:39.960
doing the show?

462
00:27:40.079 --> 00:27:44.319
Well, okay, it's usually me that doesn't turn his phone off.

463
00:27:44.480 --> 00:27:46.920
I know, twenty two years and you still don't know

464
00:27:46.920 --> 00:27:48.200
how to do that unless you eat it.

465
00:27:48.359 --> 00:27:51.240
Yeah with this, Yeah, well you don't either. You know,

466
00:27:51.960 --> 00:27:54.880
you have your own version which is which is which

467
00:27:54.960 --> 00:27:55.680
is close? Right?

468
00:27:55.880 --> 00:27:56.839
You're okay?

469
00:27:57.880 --> 00:28:01.960
The bottom line, though, is anything nothing on this show

470
00:28:02.079 --> 00:28:04.480
is meant to be a recommendation for you. We've talked

471
00:28:04.519 --> 00:28:08.240
about this every week. We're giving ideas, we're talking about

472
00:28:08.240 --> 00:28:12.200
what's happened in the market. You have your own individual strategy,

473
00:28:12.240 --> 00:28:15.640
you have your own individual risk tolerance. Do not take

474
00:28:15.720 --> 00:28:17.480
any thing that we mentioned on the show as a

475
00:28:17.519 --> 00:28:18.599
recommendation for you.

476
00:28:18.599 --> 00:28:21.519
You know what you're saying, Dean about the person from Venezuela.

477
00:28:21.559 --> 00:28:24.119
But you know, a lot of the people from socialist countries,

478
00:28:24.480 --> 00:28:27.319
they are just ones that when they come here they

479
00:28:27.359 --> 00:28:30.319
realize how bad that socialist system was, and they try

480
00:28:30.359 --> 00:28:32.599
to tell and that they don't understand why we are

481
00:28:32.680 --> 00:28:36.400
voting for some places in this country for socialist measures.

482
00:28:36.559 --> 00:28:39.880
Well, the biggest one was Canada. The Canadians they like,

483
00:28:40.680 --> 00:28:42.759
I know, I know what everyone thinks, this is great.

484
00:28:42.799 --> 00:28:46.359
It ain't great, you know, and and and stuff, and

485
00:28:46.400 --> 00:28:47.880
then uh, and then they.

486
00:28:47.960 --> 00:28:48.640
It was the other one.

487
00:28:48.680 --> 00:28:51.480
I forgot where he was, but he says, you know what,

488
00:28:51.640 --> 00:28:54.759
it doesn't matter. Well, we what we do is, yeah,

489
00:28:54.799 --> 00:28:57.319
we have all this free stuff, but I sent it

490
00:28:57.400 --> 00:28:58.680
to private school, so I pay for that.

491
00:28:59.160 --> 00:28:59.759
I pay for it.

492
00:28:59.799 --> 00:29:03.440
I pay for my own healthcare, so I get better healthcare.

493
00:29:03.640 --> 00:29:05.720
So you have all this free stuff, but I have

494
00:29:05.759 --> 00:29:06.920
to pay for it if I want.

495
00:29:06.720 --> 00:29:09.559
A good We've got friends that are clients that have

496
00:29:09.880 --> 00:29:12.640
a family home in Canada, have had it for decades

497
00:29:13.079 --> 00:29:15.640
and they're getting older and they're thinking about selling it.

498
00:29:15.680 --> 00:29:19.240
They're just sixty five percent tax in Canada on the

499
00:29:19.279 --> 00:29:21.559
gain for the sale of real estate if you're a

500
00:29:21.599 --> 00:29:22.680
non resident.

501
00:29:22.680 --> 00:29:25.799
Sixty Talk about incentives.

502
00:29:25.880 --> 00:29:29.440
Yes, So there's your socialism, you know. Like Everet Dirkson

503
00:29:29.480 --> 00:29:33.400
said it many decades ago, the problem with socialism is

504
00:29:33.440 --> 00:29:36.359
eventually run out of other people's money, right, I mean,

505
00:29:36.359 --> 00:29:37.519
that is the big problem.

506
00:29:37.680 --> 00:29:40.240
And what they're doing in New York is just it's

507
00:29:40.319 --> 00:29:43.240
insane that that guy's getting so much steam and some

508
00:29:43.319 --> 00:29:47.279
of the things that he's proposing are just, I mean,

509
00:29:47.599 --> 00:29:49.480
seems straight out of a socialist playbook.

510
00:29:49.519 --> 00:29:52.000
It is. He's openly a socialist, he doesn't care, I mean,

511
00:29:52.039 --> 00:29:54.799
and people are praising him for it. You have enough

512
00:29:54.799 --> 00:29:57.079
people in New York that finally want that that you

513
00:29:57.119 --> 00:29:58.839
can just walk around and say, I'm a socialist. I'll

514
00:29:58.839 --> 00:30:02.640
give you run grocery store stuff.

515
00:30:02.680 --> 00:30:05.960
Now they can't. I heard a news report that they

516
00:30:05.960 --> 00:30:09.400
cannot have government run grocery store. Why the city can't.

517
00:30:09.960 --> 00:30:12.319
The City of New York does not have the ability

518
00:30:12.319 --> 00:30:14.839
to open a grocery store legally.

519
00:30:14.640 --> 00:30:16.880
So the whatever can they make their own laws?

520
00:30:17.359 --> 00:30:22.000
I suppose they could. Could city council they could, right,

521
00:30:22.519 --> 00:30:24.160
I suppose they could, but you know that would mean

522
00:30:24.200 --> 00:30:26.400
the city council would be behind this guy. Can you

523
00:30:26.440 --> 00:30:28.079
imagine a city run grocery store.

524
00:30:30.359 --> 00:30:34.720
What I don't understand is there's so many Jews in

525
00:30:35.000 --> 00:30:39.200
New York that vote for him, knowing that he hates.

526
00:30:39.000 --> 00:30:41.920
Shoes, more Jews than any other city and they hate shoes.

527
00:30:41.960 --> 00:30:43.680
And I don't understand this.

528
00:30:43.640 --> 00:30:48.480
Thing with left liberal Jewish people that don't get the

529
00:30:48.519 --> 00:30:53.400
fact you can have those social issues but not economically. Okay,

530
00:30:53.599 --> 00:30:54.799
I kind of fit in that way, you know what

531
00:30:54.839 --> 00:30:57.359
I mean, kind a little bit more lenient on the

532
00:30:57.480 --> 00:31:00.720
social issues, but when it comes to the economy and

533
00:31:00.759 --> 00:31:04.920
it comes to fiscal responsorbility, I'm definitely conservative and they

534
00:31:04.960 --> 00:31:07.079
are too, but they just would rather vote that way.

535
00:31:07.079 --> 00:31:09.799
I don't know what it is, but you know what,

536
00:31:09.960 --> 00:31:10.599
it's bizarre.

537
00:31:11.079 --> 00:31:13.160
This is the best thing that could happen for the Republicans,

538
00:31:13.519 --> 00:31:15.119
this guy, you know, growing.

539
00:31:15.799 --> 00:31:17.319
And actually get a first hand to look at what

540
00:31:17.359 --> 00:31:18.720
it's like yes, they're.

541
00:31:18.519 --> 00:31:20.480
All gonna be fight Democrats that are not liking it

542
00:31:20.480 --> 00:31:22.000
either because they said they don't want to go that

543
00:31:22.079 --> 00:31:24.759
far left. But they know it's losing because I mean,

544
00:31:24.799 --> 00:31:27.119
you look at countries like Todd was saying, Venezuela. Those

545
00:31:27.160 --> 00:31:28.680
people know what it's like and they come over here

546
00:31:28.680 --> 00:31:30.319
and say, are you kidding me? Why are you doing this?

547
00:31:31.160 --> 00:31:33.519
It's and it's just it's apparent everywhere that becomes a

548
00:31:33.559 --> 00:31:38.240
full socialist country. It's government run places don't work, and

549
00:31:38.559 --> 00:31:39.920
no incentives to do better.

550
00:31:40.079 --> 00:31:41.880
Well, the best part about that one doing the people

551
00:31:41.880 --> 00:31:44.920
from the Venezuela were saying that their crime wasvee went

552
00:31:44.960 --> 00:31:48.279
way down. That would that Trump ain't kidding when they

553
00:31:48.319 --> 00:31:52.519
say they they they left all the prisoners go, really

554
00:31:52.680 --> 00:31:55.039
all the criminals, not all of them probably, but the

555
00:31:55.119 --> 00:31:58.480
crime went way down because they all came to the United.

556
00:31:58.279 --> 00:32:01.680
States pretty get last weekend after the show the BBB

557
00:32:01.839 --> 00:32:04.079
why I passed, we'll talk about that.

558
00:32:04.680 --> 00:32:08.599
Yeah, well, I just see terrible media already talking about

559
00:32:08.680 --> 00:32:11.960
Republicans cut your medicaid, biggest cut of medicaid in history.

560
00:32:11.960 --> 00:32:14.680
It's like that provision of medicaid makes a lot of

561
00:32:14.720 --> 00:32:17.920
sense able body people eighteen to seventy five have to

562
00:32:17.920 --> 00:32:21.240
do twenty hours of either work or community service a week.

563
00:32:21.519 --> 00:32:25.480
They didn't cut anyone's medicaid that was eligible for Medicaid.

564
00:32:25.519 --> 00:32:28.839
Yeah, they didn't cut it from people with dependence under fourteen.

565
00:32:28.880 --> 00:32:31.079
I think it is what it is. And they didn't

566
00:32:31.079 --> 00:32:33.519
cut it for people what over fifty nine it's something

567
00:32:33.559 --> 00:32:36.000
like that or fifty five and then fifty nine might

568
00:32:36.039 --> 00:32:38.680
be food stamps, but they didn't cut it just automatically.

569
00:32:38.720 --> 00:32:40.599
It's like, if you're an able body person who has

570
00:32:40.640 --> 00:32:44.119
no dependence and you're able to work, go work. Twenty

571
00:32:44.200 --> 00:32:47.000
hours a week shouldn't be that big ask if you're

572
00:32:47.039 --> 00:32:50.319
gonna get all the benefits of medicaid and food stamps and.

573
00:32:50.279 --> 00:32:53.799
You can still get the benefits and the other idea.

574
00:32:53.920 --> 00:32:56.039
All these people can't figure out how to report things

575
00:32:56.480 --> 00:32:58.480
like not everyone has a phone these days or an

576
00:32:58.480 --> 00:33:02.680
internet connection. Even the lowest socioeconomic areas has internet these days.

577
00:33:02.839 --> 00:33:04.880
That you know, that kind of reminds me of the Actually,

578
00:33:04.920 --> 00:33:06.799
the big story of the week was probably the tragedy

579
00:33:06.839 --> 00:33:10.319
in Texas. What happened there and and all of the

580
00:33:10.799 --> 00:33:12.680
all week and all week long. And I've been at

581
00:33:12.680 --> 00:33:14.200
the gym because it's been some darn hot And of

582
00:33:14.240 --> 00:33:16.000
course I got CNN in front of me at the gym.

583
00:33:16.079 --> 00:33:18.400
So I've got CNN on the TV, and I've got

584
00:33:18.440 --> 00:33:20.720
Fox News on my phone. When did you change it?

585
00:33:20.960 --> 00:33:23.720
You can't change it? You can at the gym.

586
00:33:24.559 --> 00:33:27.160
I've been listening to this for five years. They literally have.

587
00:33:27.359 --> 00:33:30.400
I've been at that same shoes. They have fifteen treadmills,

588
00:33:30.839 --> 00:33:33.480
all with different TVs. You have about seven different TVs.

589
00:33:33.599 --> 00:33:34.839
He goes, you know.

590
00:33:34.960 --> 00:33:37.839
You have a treadmill, you like, I get that, go

591
00:33:37.920 --> 00:33:39.160
to a different treadmill I.

592
00:33:39.119 --> 00:33:42.039
Have, so okay, So so my choice says, no, No,

593
00:33:42.079 --> 00:33:44.160
there's there's like eight of them, eight of these really

594
00:33:44.240 --> 00:33:47.599
nice treadmills, and you can't drink one right in the middle.

595
00:33:47.960 --> 00:33:50.279
And then I got the Home and Garden channel right,

596
00:33:50.400 --> 00:33:52.640
and I've got A and E right, which has uh,

597
00:33:53.039 --> 00:33:54.319
you know, you got to be able to hear.

598
00:33:54.720 --> 00:33:56.359
You with Fox News if you want to watch it.

599
00:33:56.680 --> 00:33:57.559
I have been news.

600
00:33:57.559 --> 00:33:57.799
I did.

601
00:33:57.920 --> 00:33:59.319
You didn't, weren't listening you.

602
00:33:59.480 --> 00:34:02.119
On your phone in front of you?

603
00:34:02.400 --> 00:34:04.720
But I see I can see CNN. I can see

604
00:34:04.759 --> 00:34:07.799
CNN can right there right, and and all week long

605
00:34:07.920 --> 00:34:10.840
they've been worrying about who to blame, whose fault it is,

606
00:34:10.840 --> 00:34:13.039
and they're pretty sure Trump's fault, but they and they

607
00:34:13.239 --> 00:34:15.119
can't quite connect those dogs right.

608
00:34:15.119 --> 00:34:17.400
Well, they're trying to say it's because of all the

609
00:34:17.480 --> 00:34:20.079
doze cuts that happen, and that's and that's the angle

610
00:34:20.119 --> 00:34:22.679
to say, just automatically it's because of that. There's no

611
00:34:22.840 --> 00:34:24.920
deep diving into it yet that I've seen, or I

612
00:34:24.920 --> 00:34:27.199
guess they're trying to dy the first thing.

613
00:34:27.320 --> 00:34:30.960
But here's the thing that let's say that they saw

614
00:34:31.000 --> 00:34:33.519
that the wall of water coming and they send out

615
00:34:33.559 --> 00:34:36.519
an alert. Okay, it's four o'clock in the morning. The

616
00:34:36.639 --> 00:34:38.440
kids at the camp are not allowed to have a

617
00:34:38.440 --> 00:34:40.760
cell phone. That's part of the beauty of the camp.

618
00:34:41.400 --> 00:34:43.840
And on top of that, there's very limited cell phone

619
00:34:43.880 --> 00:34:46.719
coverage there. You could have known an hour or two

620
00:34:46.719 --> 00:34:48.840
in advance, send out a warning to everyone. No one

621
00:34:48.840 --> 00:34:49.840
would have ever gotten.

622
00:34:49.639 --> 00:34:51.239
The Okay, But here's where I have the problem the

623
00:34:51.239 --> 00:34:53.280
whole thing. And I know they've been going to camp

624
00:34:53.320 --> 00:34:56.519
there all the time, and I know July, June and

625
00:34:56.599 --> 00:34:59.960
July they they've never had a flood. It's the driest

626
00:35:00.079 --> 00:35:02.880
time for them. But it is the number one place

627
00:35:03.159 --> 00:35:07.760
in the country for floods, yes, number one. So why

628
00:35:07.840 --> 00:35:10.320
would you have a camp there or why would you

629
00:35:10.320 --> 00:35:12.679
show it was cheap to get the land?

630
00:35:13.480 --> 00:35:14.320
That's why probably.

631
00:35:14.320 --> 00:35:16.920
Okay, why don't you have some common sense and understand

632
00:35:17.119 --> 00:35:20.760
and stop blaming everybody and understand it's a crying shame

633
00:35:21.000 --> 00:35:22.880
and the people that sent the people there, the people

634
00:35:22.920 --> 00:35:25.519
that kids are dying, These aren't poor people.

635
00:35:25.960 --> 00:35:28.480
No, okay, so it was it was.

636
00:35:28.719 --> 00:35:34.760
It was a well established and morally Christian and not Christian.

637
00:35:34.920 --> 00:35:37.280
Everybody was going. It was a real good camp.

638
00:35:37.760 --> 00:35:40.400
But that's why I have a problem is not realizing

639
00:35:40.679 --> 00:35:43.719
that they were in a flood zone and just did

640
00:35:43.760 --> 00:35:44.320
it because it.

641
00:35:44.960 --> 00:35:46.719
You should have more safety measures if you know you're

642
00:35:46.760 --> 00:35:47.639
in a flood zone.

643
00:35:47.480 --> 00:35:49.079
It would be right back. It's the Money Matter Show.

644
00:35:49.119 --> 00:35:51.159
We got a lot more to talk about. Thanks for listening.

645
00:35:52.679 --> 00:35:55.840
Welcome back everybody. It's the Money Matter Show. And yes,

646
00:35:55.920 --> 00:35:57.079
this is Dean Greenberg.

647
00:35:57.840 --> 00:35:59.519
I'm healthy.

648
00:36:00.039 --> 00:36:04.360
I'm not retiring, Okay, as everybody called up to find

649
00:36:04.360 --> 00:36:07.840
out what's wrong. But I was lucky enough in my

650
00:36:07.880 --> 00:36:09.760
life to be able to set it up because I

651
00:36:09.760 --> 00:36:14.159
I said earlier, the greatest people, greatest employees, the greatest

652
00:36:14.159 --> 00:36:17.639
advisors that I can imagine because if you can do

653
00:36:17.719 --> 00:36:19.360
this in your life, when you can go away on

654
00:36:19.400 --> 00:36:24.840
a dream vacation for six seven weeks and don't miss

655
00:36:24.840 --> 00:36:27.760
a beat and stay in contact, not because they're great,

656
00:36:27.760 --> 00:36:31.000
but also with technology, I mean, it's amazing, Dave. I

657
00:36:31.039 --> 00:36:32.440
mean you would talk to me. You had no idea

658
00:36:32.480 --> 00:36:34.760
where I was. Sometimes No, okay, I didn't know where

659
00:36:34.760 --> 00:36:36.840
I was. I was in the middle of the ocean sometimes.

660
00:36:36.960 --> 00:36:40.039
But everything was handled. Not one problem didn't get resolved

661
00:36:40.039 --> 00:36:42.000
that day, No, you know what I mean. And we

662
00:36:42.039 --> 00:36:44.360
didn't have a lot of problems, but problems, you know.

663
00:36:44.519 --> 00:36:45.760
One problem is a big thing to.

664
00:36:45.800 --> 00:36:49.360
People speaking of travel, big news for many of our

665
00:36:49.360 --> 00:36:53.559
listeners because many of our listeners are are under seventy

666
00:36:53.599 --> 00:36:57.199
five right and up until now, if you're under seventy five,

667
00:36:57.280 --> 00:36:59.760
you had to take your shoes off at the airport

668
00:37:00.320 --> 00:37:03.719
thanks to Richard Jewel was not the guy's name, the

669
00:37:03.760 --> 00:37:07.800
shoe bomber from two thousand and six. And finally Christy

670
00:37:07.880 --> 00:37:10.360
Nomes says, you know, this is enough of this. We've

671
00:37:10.360 --> 00:37:13.079
been doing this for nineteen years over this one guy

672
00:37:13.280 --> 00:37:16.320
who tried this, and so they're trying. They rolled it

673
00:37:16.360 --> 00:37:18.760
out as some trial airports, but it feels like it's

674
00:37:18.800 --> 00:37:20.400
expanding nationwide very quickly.

675
00:37:20.599 --> 00:37:23.079
Yeah. I got stopped twice to take off my sneakers.

676
00:37:23.159 --> 00:37:25.719
Yeah, and so don't wear a hocus No. And if

677
00:37:25.760 --> 00:37:28.000
you're seventy five or over, you don't have to take

678
00:37:28.039 --> 00:37:30.039
off your shoes. And I'm guessing because they don't want

679
00:37:30.079 --> 00:37:31.440
to have to deal with old people trying to put

680
00:37:31.480 --> 00:37:34.920
their shoes mare or get them off right one or

681
00:37:34.920 --> 00:37:38.119
the other. So apparently the shoes at the off at

682
00:37:38.119 --> 00:37:40.400
the airport is going to be a thing of the past.

683
00:37:40.599 --> 00:37:42.440
Well except when you go through it and they think

684
00:37:42.480 --> 00:37:43.920
that you have to take you That's what happened with

685
00:37:43.960 --> 00:37:46.000
me because I got the easy past thing to go

686
00:37:46.039 --> 00:37:48.840
through the TSA. But if you go through it, and

687
00:37:49.199 --> 00:37:52.159
I guess if you got thick, thick bottoms.

688
00:37:51.639 --> 00:37:52.599
They have to check it out.

689
00:37:52.639 --> 00:37:54.480
I don't think it'll matter. I don't think it'll matter.

690
00:37:54.639 --> 00:37:55.679
I'm telling you what happened.

691
00:37:55.800 --> 00:37:58.559
No, no, no, But you came back before this broke.

692
00:37:58.639 --> 00:37:59.039
This broke.

693
00:37:59.079 --> 00:38:01.000
What I'm saying is but they only have to take

694
00:38:01.039 --> 00:38:02.360
them off. I'm TSA.

695
00:38:02.440 --> 00:38:05.440
It proved okay, And this is the first time because

696
00:38:05.519 --> 00:38:08.440
I didn't wear these before. I won't now that they

697
00:38:08.519 --> 00:38:10.079
made me take them off, and they said because at

698
00:38:10.079 --> 00:38:12.199
the thick bottom they have to do the bomb test.

699
00:38:12.400 --> 00:38:14.159
No, for goodness sake, that makes sense.

700
00:38:14.199 --> 00:38:16.159
Well, I think it's I think it's a really nice though.

701
00:38:16.199 --> 00:38:19.079
Nineteen years we've been doing this over one guy acting

702
00:38:19.159 --> 00:38:21.000
badly and uh, well.

703
00:38:20.880 --> 00:38:22.320
You don't travel that much. But the one thing I

704
00:38:22.360 --> 00:38:25.480
always do is try to use slip once well, because

705
00:38:25.480 --> 00:38:26.760
if you have to take them off, it's easy to

706
00:38:26.760 --> 00:38:27.480
just put them back on.

707
00:38:27.599 --> 00:38:29.920
Yeah, right, for reason, we won't to talk about it.

708
00:38:29.960 --> 00:38:31.599
I don't have to take my shoes off, Duane, So

709
00:38:32.960 --> 00:38:34.000
even when I do travel.

710
00:38:34.360 --> 00:38:39.760
Now, yes, big using the market last week and Vidia

711
00:38:39.840 --> 00:38:41.440
hit four trillion dollar market cap and I was the

712
00:38:41.440 --> 00:38:42.480
first company to ever.

713
00:38:42.360 --> 00:38:44.119
Get that big four trillion.

714
00:38:44.400 --> 00:38:46.320
It briefly hit it on Wednesday and then it ended

715
00:38:46.360 --> 00:38:49.039
the week back over it, which is just crazy. The

716
00:38:49.079 --> 00:38:52.079
AI boom. It's been the leader in the last couple

717
00:38:52.119 --> 00:38:54.079
of years, and it continues to be the leader in

718
00:38:54.119 --> 00:38:55.920
the chips, and that's evident.

719
00:38:56.239 --> 00:38:58.159
It's not just that though now right, it's also the

720
00:38:58.239 --> 00:39:01.159
idea that they're going to move into robotic and be

721
00:39:01.239 --> 00:39:05.159
able to produce almost a supply chain version of a.

722
00:39:06.920 --> 00:39:07.639
I guess, so.

723
00:39:07.639 --> 00:39:09.000
Let's talk about Navidia.

724
00:39:09.119 --> 00:39:13.559
Okay, experience has allowed me to make a lot of

725
00:39:13.559 --> 00:39:18.639
money in Navidia fifteen twenty years ago. A stock that

726
00:39:18.800 --> 00:39:21.400
like Navidia went up like that, you would sell some,

727
00:39:21.559 --> 00:39:24.840
you'd sell some, you'd sell some as it went higher, believing, okay,

728
00:39:24.840 --> 00:39:26.639
this is overvalue, it's not going anywhere.

729
00:39:27.360 --> 00:39:29.119
But from the experience was.

730
00:39:29.199 --> 00:39:34.039
Okay, overlook evaluations and actually understand where the company's going

731
00:39:34.079 --> 00:39:36.679
and all way on this new cycle boom. And when

732
00:39:36.679 --> 00:39:41.320
we did, we held on to Navidia. Now, obviously we

733
00:39:41.400 --> 00:39:43.360
might have paired back a little bit. If you had

734
00:39:43.360 --> 00:39:45.880
a couple thousand shares after they split and stuff, you

735
00:39:45.960 --> 00:39:48.159
might have went down to fifteen hundred or something, but

736
00:39:48.239 --> 00:39:50.639
you still have at least seventy five percent of what

737
00:39:50.679 --> 00:39:53.280
you started with. It just made sense because it starts

738
00:39:53.320 --> 00:39:57.960
getting twenty twenty five percenty portfolio. That also allows us

739
00:39:57.960 --> 00:40:01.440
to look at the AI market. The AI market is

740
00:40:01.480 --> 00:40:03.320
not just here for one or two years. It's a

741
00:40:03.400 --> 00:40:07.519
five six seven deal that we have all these growth companies,

742
00:40:07.880 --> 00:40:10.320
and I do believe you've got to look at it.

743
00:40:10.360 --> 00:40:12.920
But looking at Navidio now and the one hundred and sixty five.

744
00:40:13.199 --> 00:40:15.079
It looks like you can run to about one hundred

745
00:40:15.079 --> 00:40:18.320
and eighty to two hundred dollars, right, So if you're

746
00:40:18.320 --> 00:40:19.320
not in it, what do you do?

747
00:40:20.079 --> 00:40:21.599
That's the big question. If you're not in it, what

748
00:40:21.599 --> 00:40:23.199
do you do? Well?

749
00:40:23.239 --> 00:40:25.639
You either can just get in and hope that it

750
00:40:25.679 --> 00:40:29.519
goes higher, or start over the small position no matter what.

751
00:40:30.119 --> 00:40:31.960
But my guess is you look forward to see if

752
00:40:32.000 --> 00:40:33.639
it has a pull back to around the one fifty

753
00:40:33.760 --> 00:40:36.239
one forty five, one fifty, and that's my first place

754
00:40:36.239 --> 00:40:39.199
I would go back in. If it got hit harder

755
00:40:39.199 --> 00:40:41.599
than that, and the one back down to one thirty

756
00:40:41.639 --> 00:40:45.039
five one forty, i'd probably add to it. I don't

757
00:40:45.039 --> 00:40:46.880
think it's coming back to where we just saw it

758
00:40:46.920 --> 00:40:48.519
at one hundred and one to ten again.

759
00:40:48.599 --> 00:40:51.159
Remember one from one forty five to ninety five, right, No,

760
00:40:51.320 --> 00:40:55.159
that's what I'm saying. Tested a lot of people's metal, yeah, right.

761
00:40:55.679 --> 00:40:58.719
And so what I'm saying is say, say you're able

762
00:40:58.760 --> 00:41:01.960
to buy three hundred chairs, maybe you buy fifty right now,

763
00:41:02.280 --> 00:41:04.400
so you're part of it and you'll have to watch it.

764
00:41:04.599 --> 00:41:07.400
But one fifty below I would get to fifty percent invested.

765
00:41:07.480 --> 00:41:10.119
One thirty five below I would put a position on,

766
00:41:10.440 --> 00:41:12.760
you know, whatever your full position was, and then and

767
00:41:12.800 --> 00:41:15.519
then right, because I do believe if they say one

768
00:41:15.519 --> 00:41:18.119
to eighty to two hundred, once it gets there, then

769
00:41:18.119 --> 00:41:20.440
they're going to raise it again. It's probably gonna double

770
00:41:20.440 --> 00:41:22.360
again over the next five years.

771
00:41:22.639 --> 00:41:23.920
They are so ahead of the game.

772
00:41:24.159 --> 00:41:26.639
And like Todd just said, they're into robotics, They're going

773
00:41:26.679 --> 00:41:28.920
to be into everything that's ahead of the game. What

774
00:41:29.079 --> 00:41:32.719
will stop them is if they can't keep improving on

775
00:41:32.800 --> 00:41:34.519
what they have and people catch up to them.

776
00:41:34.599 --> 00:41:36.000
Sure, that's what I'm looking for.

777
00:41:36.199 --> 00:41:37.880
If other people are able to catch up to them

778
00:41:38.119 --> 00:41:41.119
and sell the cheaper, then it becomes a commodity, just

779
00:41:41.159 --> 00:41:42.159
like the computer did.

780
00:41:42.599 --> 00:41:43.679
But look how long that took.

781
00:41:43.679 --> 00:41:45.480
How long did it takes for the actual hardware of

782
00:41:45.519 --> 00:41:47.000
the computer ten fifteen years.

783
00:41:47.599 --> 00:41:49.119
It was a smartphone that changed.

784
00:41:48.960 --> 00:41:51.440
All the lite I mean, and in a sense, the smartphone. Apple,

785
00:41:51.800 --> 00:41:54.519
they've been slowing down recently, Right, they're not the high

786
00:41:54.599 --> 00:41:56.880
flyer that they were for the last ten years. So

787
00:41:56.960 --> 00:42:00.000
it's interesting to see that turnover. Well you're not getting it,

788
00:42:00.079 --> 00:42:02.360
they I as well as everybody else.

789
00:42:02.559 --> 00:42:04.440
Well, if you want to look deeper into that, right,

790
00:42:05.519 --> 00:42:11.079
you know, Apple and Cook, Tim Cook powerful, Elion Musk

791
00:42:11.119 --> 00:42:15.639
and Tesla powerful. However, if you don't do what Trump

792
00:42:15.719 --> 00:42:18.000
wants you to do, who's more powerful.

793
00:42:18.239 --> 00:42:19.800
At the end of the day, who's more powerful?

794
00:42:19.880 --> 00:42:20.320
No question?

795
00:42:20.800 --> 00:42:23.440
Okay, you want to keep acting like this. You know

796
00:42:23.480 --> 00:42:25.679
all those subsidies were giving you and all this money

797
00:42:25.719 --> 00:42:27.599
will be given you. We're going to re look at

798
00:42:27.599 --> 00:42:30.039
those contracts when they come up. Yeah, the new political

799
00:42:30.039 --> 00:42:33.679
party thing, that's that's great. Nobody's ever tried that. Yeah,

800
00:42:33.719 --> 00:42:34.599
how's that worked out?

801
00:42:34.800 --> 00:42:35.320
Tim Cook?

802
00:42:35.400 --> 00:42:36.719
You don't want to bid, You don't want to start

803
00:42:36.719 --> 00:42:38.639
putting more into America and you want to start staying

804
00:42:38.639 --> 00:42:41.880
over that fine, either pay the tires or get on board.

805
00:42:42.280 --> 00:42:45.280
Well, and people say Tim Cook can't move that quickly.

806
00:42:45.800 --> 00:42:48.239
This was something that Trump and Tim Cook we're talking

807
00:42:48.239 --> 00:42:51.440
about in twenty sixteen. No, kidd, the Cook's always got

808
00:42:51.480 --> 00:42:52.320
some excuse, go.

809
00:42:52.239 --> 00:42:52.719
Ahead of it.

810
00:42:53.159 --> 00:42:55.360
They moved to India pretty dunk quick. You don't want

811
00:42:55.360 --> 00:42:58.159
to come here because they want to keep the margins

812
00:42:58.159 --> 00:43:00.559
they have day and then what he's saying is and

813
00:43:00.599 --> 00:43:03.840
what Trump's saying is America first. So maybe you don't

814
00:43:03.840 --> 00:43:07.840
make whatever you're making on your phones, maybe only make

815
00:43:07.880 --> 00:43:11.159
thirty yes. Will that hurt the stock yes, But will

816
00:43:11.159 --> 00:43:12.280
it help the American people?

817
00:43:12.440 --> 00:43:14.599
Yes. I mean that's what you got to give them

818
00:43:14.639 --> 00:43:15.039
credit for.

819
00:43:15.199 --> 00:43:17.159
But you're the thing that's been driving the market over

820
00:43:17.159 --> 00:43:19.400
the last two years and continues to drive it this

821
00:43:19.519 --> 00:43:22.679
year despite all of the things that Trump's doing. Is AI, right?

822
00:43:22.840 --> 00:43:25.559
AI is is the thing that everyone's focused on. The

823
00:43:25.679 --> 00:43:29.519
Nasdaq once again out performing everything else. It's all about AI.

824
00:43:29.920 --> 00:43:30.599
It's also the.

825
00:43:30.599 --> 00:43:33.039
Reason I think the Big Beautiful Bill wasn't met with

826
00:43:33.079 --> 00:43:36.679
so much discussion around that addition to the deficit that

827
00:43:36.719 --> 00:43:38.639
it will lead to, because at the end of the day,

828
00:43:38.639 --> 00:43:41.480
we can grow ourselves out of the problem if we

829
00:43:41.519 --> 00:43:44.320
do have strong GDP. I mean, that's how best it

830
00:43:44.360 --> 00:43:46.639
talked about it. Really, if we really only have average

831
00:43:46.639 --> 00:43:49.800
two percent GDP growth over the next decade, we'll be

832
00:43:49.960 --> 00:43:50.480
just fine.

833
00:43:50.559 --> 00:43:52.880
Well, it's kind of misleading too to say the Big

834
00:43:52.880 --> 00:43:57.840
Beautiful Bill raised the deficit by three trillion dollars. What

835
00:43:57.960 --> 00:44:00.719
it did is it made those tax cuts permanent, right,

836
00:44:01.400 --> 00:44:04.719
which which in essence makes it true. It didn't stop

837
00:44:04.840 --> 00:44:07.719
the growth of the deficit. Right, It didn't make it

838
00:44:07.760 --> 00:44:10.360
deficity worse. It was gonna be this way anyway, it

839
00:44:10.480 --> 00:44:12.679
just didn't stop the growth of the deficit.

840
00:44:12.960 --> 00:44:15.159
Democrats didn't want that to go through because they wanted

841
00:44:15.199 --> 00:44:18.000
everyone to get hit with a big tax bill, okay,

842
00:44:18.039 --> 00:44:19.960
in these next three years and and not.

843
00:44:19.960 --> 00:44:22.199
Vote for Trump. Okay, let's face it.

844
00:44:22.880 --> 00:44:26.519
The Democrats can never win by raising taxes, all right,

845
00:44:26.599 --> 00:44:28.880
So they wanted this to happen, and they can just

846
00:44:28.880 --> 00:44:30.880
blame it on Trump and all we back to where we.

847
00:44:30.719 --> 00:44:33.079
Were biggest tax increasing industry, right, Okay.

848
00:44:33.159 --> 00:44:33.840
And what do they do?

849
00:44:33.880 --> 00:44:36.199
They get upset because we're getting rid of people that

850
00:44:36.199 --> 00:44:39.599
shouldn't be on Medicaid, shouldn't be on Social Security, shouldn't

851
00:44:39.599 --> 00:44:41.719
be doing these things. They get upset. What do they

852
00:44:41.719 --> 00:44:43.559
get upset with? We're trying to get rid of fraud

853
00:44:43.639 --> 00:44:45.840
and all with in all the departments. What do they

854
00:44:45.880 --> 00:44:49.000
get upset with? It's having too many people, a bloat

855
00:44:49.079 --> 00:44:51.480
where people don't even know if they're working or not working.

856
00:44:52.000 --> 00:44:52.400
Okay.

857
00:44:52.599 --> 00:44:55.239
As a as an owner of a company, okay, I

858
00:44:55.280 --> 00:44:58.639
could not imagine having people working at home all the

859
00:44:58.639 --> 00:45:01.440
time because you have no idea what they're what he's doing. Absolutely,

860
00:45:01.440 --> 00:45:03.000
I mean we had that troilerg I mean, you speak

861
00:45:03.039 --> 00:45:05.559
to RBC, you know they're trying to get the people

862
00:45:05.559 --> 00:45:08.199
all back to work. They've kind of compromised with, you know,

863
00:45:08.239 --> 00:45:10.159
being in the office three days a week or something.

864
00:45:10.320 --> 00:45:12.719
But you know, and I know, anytime you deal with

865
00:45:12.760 --> 00:45:15.280
people at home, you don't get the service you need.

866
00:45:15.960 --> 00:45:18.280
It's still very common. I mean you still talk to

867
00:45:18.280 --> 00:45:21.239
people working from home in a lot of different industries

868
00:45:21.280 --> 00:45:23.519
around this country. That's just I don't think that's ever

869
00:45:23.559 --> 00:45:25.039
going to go back to the way it was.

870
00:45:25.199 --> 00:45:28.679
Yeah, yeh won't, but it'll get smoother ass technology continues

871
00:45:28.760 --> 00:45:29.920
to and like he.

872
00:45:29.960 --> 00:45:32.320
Said, there's there's things that you can do from anywhere

873
00:45:32.320 --> 00:45:33.880
in the world, even if you're on a ship in

874
00:45:33.880 --> 00:45:36.440
the middle of the sea. You know you can you

875
00:45:36.480 --> 00:45:38.199
can function as long as you have Wi Fi. My

876
00:45:38.639 --> 00:45:41.119
daughter is a corporate recruiter here in Tucson, works out

877
00:45:41.119 --> 00:45:42.760
of our house. Recently moved to.

878
00:45:43.000 --> 00:45:45.639
Husband and so that's I couldn't imagine. So is your

879
00:45:45.679 --> 00:45:48.880
son both people working out of the house all day long?

880
00:45:49.039 --> 00:45:49.280
Yeah?

881
00:45:49.440 --> 00:45:50.199
Drive me crazy?

882
00:45:50.280 --> 00:45:50.480
Yeah?

883
00:45:50.480 --> 00:45:52.000
Can you imagine me and mail in the house all

884
00:45:52.079 --> 00:45:54.679
day long? We should spend forty five days together. It

885
00:45:54.760 --> 00:45:58.960
was great, except for two days. Anyone that's been married

886
00:45:59.079 --> 00:46:01.519
for thirty five years understand what I'm saying pretty darn

887
00:46:01.559 --> 00:46:03.840
good just two days, and always said is you know what,

888
00:46:03.840 --> 00:46:05.920
we need a break, Go take a walk for two hours,

889
00:46:05.960 --> 00:46:07.119
Go do something for two hours.

890
00:46:07.199 --> 00:46:09.719
Yeah, and if you will, And I did.

891
00:46:09.559 --> 00:46:11.119
Too, Like we did the same, and then we were great.

892
00:46:11.119 --> 00:46:13.480
Walked for two hours. You want on a two hour walk?

893
00:46:13.719 --> 00:46:18.360
Until that was averaging twelve thousand steps today, baby, all right, yeah, different, right,

894
00:46:18.360 --> 00:46:21.039
That's why I kept my weight just a little over

895
00:46:21.119 --> 00:46:22.199
the Mendoza line there.

896
00:46:22.639 --> 00:46:26.039
Steps today that yeah, until I went on the last

897
00:46:26.239 --> 00:46:26.599
part of it.

898
00:46:26.679 --> 00:46:29.840
What a rookie thing that is. I've been averaging fourteen

899
00:46:29.880 --> 00:46:34.840
thousand s typs today for twenty years. Short steps, see, yeah,

900
00:46:34.840 --> 00:46:36.119
you can have shorter steps, Indy.

901
00:46:36.400 --> 00:46:36.679
Yeah.

902
00:46:37.159 --> 00:46:39.639
Unfortunately, though, I do think that big beautiful bill is

903
00:46:39.679 --> 00:46:42.559
going to increase wealth inequality in the long run, and

904
00:46:42.840 --> 00:46:44.920
that's an issue in this country that Trump said he's

905
00:46:44.920 --> 00:46:47.679
going to fix, and I hope he does, because without

906
00:46:47.920 --> 00:46:50.960
that fixing, I think we'll eventually have a populous uprising.

907
00:46:51.000 --> 00:46:52.360
You can't have the rich get too rich.

908
00:46:52.360 --> 00:46:54.880
A couple of big parts of the BBB that are

909
00:46:56.000 --> 00:46:59.679
highly misunderstood and being poorly reported, and I want to

910
00:46:59.679 --> 00:47:02.519
talk about those in the first half of the next hour,

911
00:47:02.559 --> 00:47:03.440
So stick around for that.

912
00:47:03.679 --> 00:47:04.559
Well, give me an idea.

913
00:47:04.960 --> 00:47:09.679
So security and the and the Trump one thousand dollars accounts.

914
00:47:10.039 --> 00:47:12.599
Oh, that one is going to help this stock market.

915
00:47:12.920 --> 00:47:15.840
We'll see, you'll see, We'll see right, We'll be right back.

916
00:47:15.960 --> 00:47:18.239
It's the Money Matter Show. Appreciate you listening.

917
00:47:19.920 --> 00:47:22.159
Welcome back to the second hour of the Money Matter Show.

918
00:47:22.159 --> 00:47:25.239
I'm dealing Greenberg back here with Dean Greenberg, Dave Surewood,

919
00:47:25.280 --> 00:47:28.000
Sebastian Borsini, and Todd Glick. For those of you tuning in,

920
00:47:28.119 --> 00:47:29.760
the Dow is down one percent for the week, the

921
00:47:29.800 --> 00:47:32.519
SMP was down point three percent, the NASDAK was down

922
00:47:32.519 --> 00:47:34.800
point one percent, the Russell two thousand was down point

923
00:47:34.920 --> 00:47:37.480
seven percent, and the RSP, which is the equal weight

924
00:47:37.519 --> 00:47:40.440
to SMP, was down point four percent. For the year,

925
00:47:40.519 --> 00:47:43.239
the Dow is up four point three percent, SMP is

926
00:47:43.320 --> 00:47:45.079
up six and a half percent, the Nasdaq is up

927
00:47:45.119 --> 00:47:47.639
six and a half percent, the Russell two thousand is

928
00:47:47.679 --> 00:47:51.079
now positive plus zero point three percent, and the RSP

929
00:47:51.400 --> 00:47:55.599
is up five point three percent. Came a long way

930
00:47:55.639 --> 00:47:57.960
since the April seventh low as well, got a lot

931
00:47:58.039 --> 00:47:59.960
of all these are up over twenty percent off the low.

932
00:48:00.679 --> 00:48:02.960
So it's been it's been roaring back in the last

933
00:48:02.960 --> 00:48:05.320
couple of months. A lot of seems like the market

934
00:48:05.440 --> 00:48:07.960
is taking the tariff news a lot easier than it

935
00:48:08.000 --> 00:48:08.519
did before.

936
00:48:08.679 --> 00:48:10.199
It's kind of become white noise, hasn't it.

937
00:48:10.320 --> 00:48:12.239
Yeah, except for last week you saw with when it

938
00:48:12.280 --> 00:48:15.159
was Canada, it hit it a little more. It seemed

939
00:48:15.159 --> 00:48:16.760
like the market listened a little more. But when he

940
00:48:16.840 --> 00:48:19.119
said he was going to do sweeping again, like more

941
00:48:19.920 --> 00:48:23.320
and then what was it fifty on forgot the coppery,

942
00:48:23.639 --> 00:48:26.880
Oh yeah it oh bricks, it was the bricks.

943
00:48:27.599 --> 00:48:30.639
Country copper pharmaceut.

944
00:48:32.280 --> 00:48:34.320
I thought the markets just shook it off like nothing.

945
00:48:34.360 --> 00:48:37.559
I thought the fifty tariff on copper was ridiculous and

946
00:48:37.599 --> 00:48:40.480
the react the market reaction to that was ridiculous, just

947
00:48:40.480 --> 00:48:43.800
because that's a huge commodity and a bit it's a

948
00:48:43.840 --> 00:48:46.119
big input in a lot of what we make here

949
00:48:46.119 --> 00:48:48.760
in the United States, and it's.

950
00:48:48.679 --> 00:48:51.320
We're just and we have two copper smelters in the

951
00:48:51.400 --> 00:48:54.000
United States. We've already learned that from previous shows. Right

952
00:48:54.199 --> 00:48:56.559
right where my client, the trucking who has its own

953
00:48:56.559 --> 00:48:59.920
trucking company, takes a copper aggregate from the mind and

954
00:49:00.079 --> 00:49:01.960
takes it down to Weymous where it goes on a

955
00:49:02.079 --> 00:49:02.880
Chinese ship.

956
00:49:03.239 --> 00:49:06.119
Well, all the rage is rare earth minerals mining.

957
00:49:06.400 --> 00:49:07.000
How about that.

958
00:49:07.000 --> 00:49:09.400
That's taking off and we're just getting more and more

959
00:49:09.559 --> 00:49:13.159
investment from the government. I mean MP Materials doubled last week,

960
00:49:13.280 --> 00:49:16.039
right over the last few weeks because they got four

961
00:49:16.079 --> 00:49:18.440
in a million dollars incentive from the government. They bought

962
00:49:18.519 --> 00:49:20.840
four a million dollars worth of preferred stock with a

963
00:49:20.880 --> 00:49:23.679
warrant to convert. And all that means is they can

964
00:49:23.719 --> 00:49:26.760
convert their preferred stock, which is halfway in between a

965
00:49:26.840 --> 00:49:30.079
bond and a common stock, into common stock, which means

966
00:49:30.119 --> 00:49:31.400
and they have voting rights and they have all this

967
00:49:32.000 --> 00:49:34.880
different incentives. But that's if they convert all of it

968
00:49:34.920 --> 00:49:37.880
into common stock. The government alone roughly fifteen percent of

969
00:49:38.000 --> 00:49:41.760
MP Materials with that backing, and they have the incentive

970
00:49:41.760 --> 00:49:44.559
for the next ten years with that warrant. With that backing,

971
00:49:44.599 --> 00:49:47.719
I mean, they won up fifty percent MP Materials itself,

972
00:49:48.199 --> 00:49:51.880
along with the rare earth mineral etf r e m X,

973
00:49:52.239 --> 00:49:55.199
along with the smaller rare earth mineral miners ore ee

974
00:49:55.400 --> 00:49:59.480
m F is rare earth elements. You have what was

975
00:49:59.519 --> 00:50:03.079
the Ramaco just went, uh went up a lot last

976
00:50:03.079 --> 00:50:05.880
week too because they just broke ground on their Wyoming

977
00:50:06.719 --> 00:50:09.199
mining facility that will hopefully start mining the next year.

978
00:50:09.440 --> 00:50:11.559
It's a lot of traction is gaining on the rare

979
00:50:11.559 --> 00:50:12.760
earth minerals.

980
00:50:12.519 --> 00:50:15.360
And yeah, these domestic mining companies are gonna, you know,

981
00:50:15.519 --> 00:50:17.719
be a huge beneficiary off of the fact that we're

982
00:50:17.719 --> 00:50:20.800
going to start implementing tariffs on rare earth minerals imports.

983
00:50:21.599 --> 00:50:23.760
I was really interested again going back to that fifty

984
00:50:23.800 --> 00:50:27.199
percent increase or tariff on copper, to see FCX jump

985
00:50:27.280 --> 00:50:30.039
up about five percent and then finish the day down red.

986
00:50:30.320 --> 00:50:31.079
That was interesting.

987
00:50:31.360 --> 00:50:34.199
It is interesting. That's really interesting. Yeah, there are earth

988
00:50:34.280 --> 00:50:34.960
minual things.

989
00:50:35.199 --> 00:50:38.920
We we FCX is a domestic copper miner.

990
00:50:39.039 --> 00:50:39.840
For the listeners there.

991
00:50:39.840 --> 00:50:42.440
Earth manuals are so widely used in the US that

992
00:50:42.559 --> 00:50:45.599
if you start putting significant tariffs on those, that's gonna

993
00:50:45.639 --> 00:50:46.480
be well.

994
00:50:46.480 --> 00:50:48.920
Now that we're mining it and MP Materials is actually

995
00:50:48.920 --> 00:50:51.599
an active miner and can do it, you obviously you're

996
00:50:51.639 --> 00:50:54.119
going to see terraffs on Chinese rare mineral They owned

997
00:50:54.159 --> 00:50:57.360
seventy percent of the worldwide distribution, so they're gonna obviously

998
00:50:57.400 --> 00:50:58.400
they're going to tariff.

999
00:50:58.199 --> 00:51:02.719
That if we if U the MP Materials produced anywhere

1000
00:51:02.760 --> 00:51:05.559
near what we need, we wouldn't need China exactly.

1001
00:51:05.599 --> 00:51:08.800
And we're in the infancy stage. Like yes, Ramiico just

1002
00:51:08.840 --> 00:51:13.000
broke ground on Friday. Rareth Elements is hoping to start

1003
00:51:13.039 --> 00:51:15.159
mining by the end of this year. And those are

1004
00:51:15.159 --> 00:51:17.119
two in Wyoming, which Yaoming is supposed to have a

1005
00:51:17.199 --> 00:51:19.960
huge depository of rareth minerals, and then you have some

1006
00:51:20.039 --> 00:51:23.320
in Utah, you have some in Texas. So but we're

1007
00:51:23.360 --> 00:51:26.280
all those companies are in the discovery phase and the

1008
00:51:26.320 --> 00:51:29.639
infancy phase. The biggest one is the MP Materials and

1009
00:51:29.679 --> 00:51:33.320
then the Ramico because Ramico is also a coal mining business,

1010
00:51:33.320 --> 00:51:36.960
so they've already had established revenue and they pay a

1011
00:51:37.000 --> 00:51:39.079
divid and everything. So if you're looking for stocks like that,

1012
00:51:39.079 --> 00:51:40.320
that one's more established.

1013
00:51:41.039 --> 00:51:43.400
But that was really well point infancy. I like that

1014
00:51:43.440 --> 00:51:45.559
because that's exactly what we are. We're walking around in

1015
00:51:45.639 --> 00:51:50.719
diapers and China's teenagers in this world. Yeah exactly, yeah, exactly,

1016
00:51:50.719 --> 00:51:52.039
really really just able to.

1017
00:51:52.079 --> 00:51:54.239
Drink the impact of the terriffs, though, seem to have

1018
00:51:54.280 --> 00:51:58.360
been very much smaller than economists were predicting at the

1019
00:51:58.400 --> 00:52:00.519
beginning of March. I mean, we we thought we were

1020
00:52:00.519 --> 00:52:03.119
going to go into recession. Everything looked terrible. But I

1021
00:52:03.440 --> 00:52:05.639
think the perfect example for me was this week when

1022
00:52:05.679 --> 00:52:09.000
Levi Strauss reported their earnings and they actually finished the

1023
00:52:09.079 --> 00:52:12.559
last two days of trading up eleven percent. Because I mean,

1024
00:52:12.559 --> 00:52:16.119
earnings was nothing to be it wasn't beautiful, But what

1025
00:52:16.159 --> 00:52:18.840
was really interesting is they raised sales guidance, says, yes,

1026
00:52:18.840 --> 00:52:20.519
tariffs are going to impact us, we're going to try

1027
00:52:20.519 --> 00:52:22.599
to absorb some of that costs, but we're actually going

1028
00:52:22.639 --> 00:52:25.880
to raise sales guidance. In this environment with tariffs, you

1029
00:52:25.880 --> 00:52:27.480
would think this would be the moment where you would

1030
00:52:27.480 --> 00:52:29.679
say you would lower the idea that you're going to

1031
00:52:29.760 --> 00:52:32.679
have future sales. So I think it's just a very

1032
00:52:32.719 --> 00:52:34.760
bullish stance on the fact that we thought it was

1033
00:52:34.760 --> 00:52:36.440
going to have a really big impact, but it's just

1034
00:52:36.480 --> 00:52:37.639
not showing up in the numbers.

1035
00:52:37.679 --> 00:52:39.400
And part of it, I think with Levi is that

1036
00:52:39.400 --> 00:52:41.360
they don't do a lot of their manufacturing. They don't

1037
00:52:41.440 --> 00:52:44.639
technically disclose exactly where their where elses are but in

1038
00:52:44.679 --> 00:52:46.360
the areas, and it's not in China. They don't have

1039
00:52:46.360 --> 00:52:50.280
a huge operation in China. They're in Pakistan, Bangladesh, Indonesia,

1040
00:52:50.320 --> 00:52:53.119
those type of countries who didn't get hit hard with tariff,

1041
00:52:53.119 --> 00:52:55.480
so they're able to absorb a bit of it. They

1042
00:52:55.480 --> 00:52:58.719
did cut their gross margins guidance by zero point two

1043
00:52:58.760 --> 00:53:02.320
percent because the amount of they think will affect them

1044
00:53:02.320 --> 00:53:04.599
by tariffs by absorbing the tariffs, so it's not even

1045
00:53:04.679 --> 00:53:06.440
that much by them. And well, they just had like

1046
00:53:06.480 --> 00:53:08.519
their best they hit a fifty two week high.

1047
00:53:08.559 --> 00:53:10.159
Yeah, Todd, when you brought that up this week, I

1048
00:53:10.239 --> 00:53:13.440
kind of initially thought maybe it's because Levi's was made

1049
00:53:13.480 --> 00:53:16.000
in the US or something, but after doing some further research,

1050
00:53:16.000 --> 00:53:18.440
you know, they're not. I don't think any I don't

1051
00:53:18.480 --> 00:53:19.480
think they make any genes.

1052
00:53:19.559 --> 00:53:21.159
We actually had a client come in say it's so

1053
00:53:21.320 --> 00:53:25.400
overpriced already Levi's the pants, and it's interesting that, you know,

1054
00:53:25.519 --> 00:53:28.039
probably not going to be cheaper after this, but still

1055
00:53:28.039 --> 00:53:29.719
the company believes that they're going to be able to

1056
00:53:29.760 --> 00:53:31.840
just be fine on volume in sales terms.

1057
00:53:31.840 --> 00:53:34.320
Well, like my dad was saying in the previous segment

1058
00:53:34.320 --> 00:53:35.719
at the end of the last hour, was some of

1059
00:53:35.719 --> 00:53:37.599
these profit margins are just going to get cut if

1060
00:53:37.639 --> 00:53:40.079
you start absorbing the tariffs and everything like that. But

1061
00:53:40.119 --> 00:53:41.559
that's the idea if you want to move it back

1062
00:53:41.559 --> 00:53:44.119
to the US, you might profit margins might get cut,

1063
00:53:44.199 --> 00:53:46.119
or you absorb the tariff profit margins are going to

1064
00:53:46.159 --> 00:53:47.159
get cut a bit, right.

1065
00:53:47.239 --> 00:53:49.800
And then the question also though, is if a phone

1066
00:53:49.840 --> 00:53:52.599
becomes more expensive, do we care too much of a

1067
00:53:52.639 --> 00:53:54.880
ten dollars a month increase on our phone bill? Like

1068
00:53:55.039 --> 00:53:57.320
most people aren't going to care too much. So it

1069
00:53:57.320 --> 00:54:00.679
depends on how that increase of prices really affecting the

1070
00:54:00.760 --> 00:54:03.159
end consumer of whether or not that business is going

1071
00:54:03.239 --> 00:54:03.960
to see a decrease.

1072
00:54:04.000 --> 00:54:05.719
In their head, we're thinking about it like that it's

1073
00:54:05.760 --> 00:54:08.119
not too big of impact. But when you're hearing all

1074
00:54:08.159 --> 00:54:10.920
the news and the stuff going on, and how you

1075
00:54:11.159 --> 00:54:14.079
already think about what's going on is how you view

1076
00:54:14.119 --> 00:54:17.360
the impact money wise, we're learning that right as of

1077
00:54:17.440 --> 00:54:19.400
right now is not having as big as impact as

1078
00:54:19.400 --> 00:54:22.719
we initially people thought. But if you already had that

1079
00:54:22.960 --> 00:54:24.639
ingrained in your mind that it's just going to kill

1080
00:54:24.679 --> 00:54:28.039
everything and the US economy is tanking, receessioned and not,

1081
00:54:28.119 --> 00:54:30.599
you're already solidified that. So you have to start thinking,

1082
00:54:30.639 --> 00:54:33.039
take a step back and take a breath and think, Okay,

1083
00:54:33.079 --> 00:54:36.039
maybe if it's not actually doing it can. I believe

1084
00:54:36.079 --> 00:54:39.360
that people out there aren't going to because they hate Trump.

1085
00:54:39.480 --> 00:54:41.840
The other side of tariffs that we really haven't talked

1086
00:54:41.880 --> 00:54:45.480
about much. I saw a report on Friday the United

1087
00:54:45.480 --> 00:54:49.880
States budget in June had a surplus. We actually had

1088
00:54:49.920 --> 00:54:53.760
a surplus in June because of the tariffs. First time

1089
00:54:53.800 --> 00:54:57.519
we've had a surplus since twenty seventeen. Wow, first time

1090
00:54:57.519 --> 00:55:01.519
we've had a surplus. So we talked about the tariffs

1091
00:55:01.559 --> 00:55:05.320
potentially bringing in two hundred and fifty billion dollars a year.

1092
00:55:06.920 --> 00:55:10.519
If most of that isn't passed on to consumers, that's

1093
00:55:10.559 --> 00:55:13.480
pretty much a win win deal. But the month of June,

1094
00:55:13.599 --> 00:55:15.639
the US government actually had a surplus.

1095
00:55:16.039 --> 00:55:18.000
Yeah, we'll have to keep a track of that to

1096
00:55:18.039 --> 00:55:20.639
see because I think the month before it didn't make

1097
00:55:20.719 --> 00:55:23.119
much of a dent. So seeing how those tariffs continue

1098
00:55:23.159 --> 00:55:26.079
to come in and offset the spending. Who knows how

1099
00:55:26.079 --> 00:55:28.719
the government actually spends money. I mean, I wonder if

1100
00:55:28.760 --> 00:55:30.400
it's just like they spent a whole bunch in one

1101
00:55:30.440 --> 00:55:32.360
month and then don't over all we know for.

1102
00:55:32.360 --> 00:55:34.800
Sure Todd is we don't want to send them anymore no,

1103
00:55:35.159 --> 00:55:37.039
because they have not done a good job with what

1104
00:55:37.119 --> 00:55:37.880
we did say, well, you.

1105
00:55:37.840 --> 00:55:39.679
Were talking the last segment about some of the things

1106
00:55:39.719 --> 00:55:42.000
in the big beautiful bill that I did some more

1107
00:55:42.039 --> 00:55:43.639
dig in and found some clean.

1108
00:55:44.440 --> 00:55:47.639
Two things too, biggies, that that I've heard a lot

1109
00:55:47.679 --> 00:55:49.480
of talk about and I think are going to affect

1110
00:55:49.679 --> 00:55:52.199
an awfully a lot of people. One is the six

1111
00:55:52.280 --> 00:55:56.280
thousand dollars senior bonus and how that's going to work.

1112
00:55:56.960 --> 00:56:00.760
Remember Trump had originally campaigned on wanting there to be

1113
00:56:00.760 --> 00:56:04.599
no tax on social security, well social securities or taxes

1114
00:56:04.639 --> 00:56:07.400
responsible for some like twenty percent of federal receipts. See,

1115
00:56:07.480 --> 00:56:12.280
you can't really do away with that. So as what's

1116
00:56:12.679 --> 00:56:15.800
as a carit to him, they came up with this

1117
00:56:15.920 --> 00:56:20.559
six thousand dollars senior bonus. And it's a little confusing.

1118
00:56:21.159 --> 00:56:23.960
It's a deduction of up to six thousand dollars for

1119
00:56:24.239 --> 00:56:28.360
seniors ages sixty five and over. In the legislative text

1120
00:56:28.400 --> 00:56:31.119
it's actually called a bonus. And I think that's what's

1121
00:56:31.559 --> 00:56:32.400
destroying things.

1122
00:56:32.440 --> 00:56:32.679
Off.

1123
00:56:33.719 --> 00:56:36.639
If you're sixty five and older, do not expect a

1124
00:56:36.719 --> 00:56:39.000
six thousand dollars check in the mail. It's not going

1125
00:56:39.039 --> 00:56:41.960
to happen. This is not COVID. That is not going

1126
00:56:41.960 --> 00:56:45.280
to happen. Per the legislation, the deduction will be in

1127
00:56:45.320 --> 00:56:48.679
place for tax years twenty five through twenty eight, so

1128
00:56:48.880 --> 00:56:51.039
just four years, right, twenty five sixty seven and eight,

1129
00:56:51.320 --> 00:56:55.920
four years of taxes you'll be available to eligible taxpayers regardless.

1130
00:56:56.039 --> 00:56:58.840
This was a question I had, regardless of whether they

1131
00:56:58.880 --> 00:57:03.880
take the standarduction or itemize. But it does, like so

1132
00:57:03.960 --> 00:57:08.800
many things depend upon income. Taxpayers payst seventy five thousand

1133
00:57:08.800 --> 00:57:12.880
and adjusted gross income married couple one hundred and fifty

1134
00:57:12.920 --> 00:57:15.360
thousand dollars in adjusted gross income. If you're below those

1135
00:57:15.360 --> 00:57:18.960
two individuals seventy five couple one hundred and fifty, you're

1136
00:57:19.000 --> 00:57:23.760
gonna get that additional six thousand dollars deduction. Okay, not

1137
00:57:23.880 --> 00:57:28.119
a check, not a credit, It's a deduction for incomes

1138
00:57:28.159 --> 00:57:31.840
above those thresholds. The deduction phases out, So if you're

1139
00:57:32.920 --> 00:57:35.920
if your income is two hundred, two hundred and thirty,

1140
00:57:35.960 --> 00:57:39.559
you're gonna get nothing, right, So don't expect anything best

1141
00:57:39.639 --> 00:57:43.079
case scenario. Here's where it's confusing because people out there

1142
00:57:43.119 --> 00:57:45.199
are thinking, well, I'm gonna give you six thousand dollars refund,

1143
00:57:45.199 --> 00:57:46.920
I'm gonna give you six thousand dollars check. I'm gonna

1144
00:57:46.920 --> 00:57:50.280
give six thousand dollars tax credit. No, if you're in

1145
00:57:50.400 --> 00:57:55.679
the average senior tax bracket, which coincidentally is twelve percent,

1146
00:57:56.719 --> 00:58:00.599
you're gonna save about seven hundred bucks. It's not penis,

1147
00:58:01.239 --> 00:58:04.280
it's not nothing, it's something, right, But you're not going

1148
00:58:04.360 --> 00:58:07.599
to get six thousand dollars. Best case scenario, you're gonna

1149
00:58:07.599 --> 00:58:10.880
get seven hundred bucks. Right, So just take that and

1150
00:58:11.719 --> 00:58:14.239
uh and keep case there's a benefica. Actually, Solid Security

1151
00:58:14.239 --> 00:58:19.480
Administration actually sent out an email last week talking about

1152
00:58:19.480 --> 00:58:24.559
the six thousand dollars bonus with incorrect information in the email,

1153
00:58:25.320 --> 00:58:28.880
adding to the confusion. The second thing that's going to

1154
00:58:28.920 --> 00:58:32.639
get a lot of play are these Trump savings accounts. Right,

1155
00:58:32.920 --> 00:58:35.559
the government's going to give any US citizen under the

1156
00:58:35.599 --> 00:58:38.840
age of eighteen one thousand dollars to open an account,

1157
00:58:39.000 --> 00:58:42.360
which essentially is a wroth. That's exactly what it's going

1158
00:58:42.440 --> 00:58:44.159
to be. It's gonna be a wroth. The rules that

1159
00:58:44.320 --> 00:58:48.320
government are going to be exactly like the wroth. There

1160
00:58:48.400 --> 00:58:51.519
is no benefit to this account versus doing a wroth

1161
00:58:51.719 --> 00:58:55.119
other than the government's going to give you a thousand dollars. Now,

1162
00:58:55.360 --> 00:58:57.400
if you take the thousand dollars, then they haven't yet

1163
00:58:57.480 --> 00:59:00.800
disclosed where you go to open that. Do we open

1164
00:59:00.840 --> 00:59:02.480
it with the government, do we open it with the

1165
00:59:02.480 --> 00:59:05.159
post office? Do we open it at Greenberg? Financially, we

1166
00:59:05.199 --> 00:59:08.400
don't know. Nobody knows where these thousand dollars accounts are

1167
00:59:08.440 --> 00:59:11.599
supposed to be opened. But the government will give you

1168
00:59:11.679 --> 00:59:15.880
one thousand dollars. Now, since it's exactly like a wroth,

1169
00:59:16.280 --> 00:59:20.199
why would you open it instead of a wroth. Well,

1170
00:59:20.239 --> 00:59:22.960
you would open it because you get the thousand dollars, right,

1171
00:59:23.039 --> 00:59:24.639
but then you're stuck with that account for the rest

1172
00:59:24.639 --> 00:59:26.880
of your life. You can't take that money Showy fifty

1173
00:59:26.960 --> 00:59:28.039
nine and a half without penalty.

1174
00:59:28.440 --> 00:59:29.440
You put money into it.

1175
00:59:29.599 --> 00:59:29.760
Huh?

1176
00:59:29.840 --> 00:59:30.719
Can you put money.

1177
00:59:30.480 --> 00:59:32.960
Into it and it'll be a tree like a wroth?

1178
00:59:33.039 --> 00:59:35.360
It's taxis for yeah, so it be tree like a roth.

1179
00:59:35.400 --> 00:59:39.159
So I guess it's a if you there were I

1180
00:59:39.239 --> 00:59:43.199
read a three or four different reports, pros cons whatever.

1181
00:59:43.920 --> 00:59:45.920
If you want the thousand bucks, then you have to

1182
00:59:45.960 --> 00:59:49.239
open up this account which has specific rules on what

1183
00:59:49.440 --> 00:59:52.239
you can buy, things that you can invent. Wroth don't

1184
00:59:52.280 --> 00:59:55.920
have that roth, don't have that restriction. So four a

1185
00:59:56.000 --> 00:59:58.760
thousand bucks, you're selling your soul essentially.

1186
01:00:00.119 --> 01:00:01.960
Just to have an extra account. Sure I could open

1187
01:00:02.039 --> 01:00:02.920
up a ROTH as well.

1188
01:00:03.000 --> 01:00:05.039
And also this is just for people that are born

1189
01:00:05.079 --> 01:00:07.599
from January versus twenty five to the end of twenty eight.

1190
01:00:07.920 --> 01:00:12.960
Now anyone under the age of eighteen eight.

1191
01:00:13.119 --> 01:00:15.280
I saw you had to be born from January first

1192
01:00:15.320 --> 01:00:17.119
of twenty five to the end of twenty.

1193
01:00:17.000 --> 01:00:18.960
It's like a four year thing unless they changed it

1194
01:00:19.239 --> 01:00:22.280
last second. I saw the same accounts. Right yeah, I

1195
01:00:22.280 --> 01:00:24.239
saw the same thing about once you're born you get

1196
01:00:24.280 --> 01:00:27.519
it with if you're born within Trump's presidency pretty much.

1197
01:00:28.320 --> 01:00:31.559
I don't believe that's correct. Well, don't check that for which,

1198
01:00:31.559 --> 01:00:34.199
which brings me to an interesting point. It's a housekeeping thing.

1199
01:00:34.239 --> 01:00:34.400
Time.

1200
01:00:34.480 --> 01:00:37.639
We went back and forth on that, on the WROTH

1201
01:00:38.559 --> 01:00:42.000
and withdrawing from the Wroth adding to the ROTH a

1202
01:00:42.039 --> 01:00:47.840
couple of shows ago, and we there was there was

1203
01:00:47.880 --> 01:00:49.159
a little bit of there was a little bit of

1204
01:00:49.159 --> 01:00:53.280
confusion about that about the ROTH withdrawals. You can take

1205
01:00:53.320 --> 01:00:56.559
your original deposit anytime without penalty, todd you, I think

1206
01:00:56.760 --> 01:00:58.199
Sebastian and I thought it had to be you had

1207
01:00:58.239 --> 01:00:59.639
to be in there for five years, but you could

1208
01:00:59.639 --> 01:01:01.480
be in there for five months.

1209
01:01:01.079 --> 01:01:03.000
Right, original principle, you can always take it right.

1210
01:01:03.360 --> 01:01:07.519
Ernieds are only available without penalty after five years. After

1211
01:01:07.559 --> 01:01:10.559
five years and if you're fifty nine and a half, right.

1212
01:01:11.079 --> 01:01:13.360
The reason they came up with the five year rule

1213
01:01:13.559 --> 01:01:16.440
was because you can do a rock conversion before fifty

1214
01:01:16.559 --> 01:01:18.440
nine and a half. And if you were to do that,

1215
01:01:18.519 --> 01:01:21.039
say at fifty years old, for whatever reason, do a

1216
01:01:21.119 --> 01:01:24.039
raw conversion, you can't take out that money that you

1217
01:01:24.159 --> 01:01:26.480
just put in the wroth for at least five years

1218
01:01:26.840 --> 01:01:28.400
after fifty nine and a half. It's a mew point.

1219
01:01:28.440 --> 01:01:30.400
If you do rock conversions, because you're a fifty nine

1220
01:01:30.400 --> 01:01:32.960
and a half, you're good. But if you do it beforehand,

1221
01:01:33.039 --> 01:01:35.719
you can't take out that principle right away. They want

1222
01:01:35.719 --> 01:01:37.599
you to hold that in there for five years.

1223
01:01:37.639 --> 01:01:39.280
Bill, and you look like you may have an answer

1224
01:01:39.320 --> 01:01:39.679
for us.

1225
01:01:39.960 --> 01:01:41.719
Yah's Oh you're you're looking.

1226
01:01:41.519 --> 01:01:43.199
Like, yeah, you're going to I thought maybe you had

1227
01:01:43.199 --> 01:01:44.400
to answer about one thousand dollars.

1228
01:01:44.480 --> 01:01:47.440
Yeah, I just let in Todd finished. Anyway, you're born

1229
01:01:47.800 --> 01:01:51.880
January first, twenty twenty five, or all the way up

1230
01:01:51.920 --> 01:01:54.280
to twenty twenty eight. But it's the zero to eight

1231
01:01:54.280 --> 01:01:56.960
teenage one that you're probably thinking of is that you

1232
01:01:57.039 --> 01:02:00.000
can have a family member contribute up to five thousand

1233
01:02:00.039 --> 01:02:03.559
dollars per year from age zero to eighteen in addition

1234
01:02:03.639 --> 01:02:06.719
to that first thousand dollars. That's how that's worth.

1235
01:02:06.840 --> 01:02:10.280
So you're saying that that someone who is born prior

1236
01:02:10.400 --> 01:02:12.159
to January first.

1237
01:02:12.079 --> 01:02:14.760
If you're born twelve thirty one, twenty, get the grand

1238
01:02:14.920 --> 01:02:15.440
out of luck.

1239
01:02:15.880 --> 01:02:18.519
So you only get the grand for that three four

1240
01:02:18.599 --> 01:02:19.039
year period.

1241
01:02:19.840 --> 01:02:21.960
Four kids born during that four year period.

1242
01:02:22.039 --> 01:02:24.400
Yeah, and then those kids they're born during that four

1243
01:02:24.480 --> 01:02:26.239
year period will have that account and then they can

1244
01:02:26.320 --> 01:02:29.599
have family members contribute up to five thousand dollars into

1245
01:02:29.599 --> 01:02:31.280
that account up until their age eighteen.

1246
01:02:31.920 --> 01:02:33.719
But you could do the same thing with a wroth.

1247
01:02:35.199 --> 01:02:37.000
Here.

1248
01:02:37.480 --> 01:02:38.880
But do you want the three thousand dollars?

1249
01:02:38.960 --> 01:02:41.880
Yeah, I don't get the thousand dollars If you're.

1250
01:02:41.840 --> 01:02:42.920
No, that's what I mean. Do you want the three

1251
01:02:42.920 --> 01:02:43.719
thousand dollars or not?

1252
01:02:44.079 --> 01:02:45.400
The only way you get is you have.

1253
01:02:47.280 --> 01:02:52.519
Thousand dollars free, free, free, three thousand. No, I'm telling you,

1254
01:02:52.000 --> 01:02:54.800
if you get the three thousand dollars, you're selling your soul.

1255
01:02:55.079 --> 01:02:58.199
I mean, you're getting your by now. You're getting a

1256
01:02:58.320 --> 01:02:59.199
very restricted if.

1257
01:02:59.119 --> 01:03:01.000
It doesn't have a choice. He's getting it.

1258
01:03:01.159 --> 01:03:03.119
You're getting a very restrictive account, is what I'm saying.

1259
01:03:03.199 --> 01:03:04.960
Yeah, you get like stipulation. It's kind of like you

1260
01:03:04.960 --> 01:03:06.840
get stipulations. What if you in a sense it's like

1261
01:03:06.840 --> 01:03:08.760
a trust, you get stipulations when you turn eighteen, you

1262
01:03:08.760 --> 01:03:10.880
get the with draw like fifty percent or something like that.

1263
01:03:10.960 --> 01:03:12.880
The solution is just open up to a one thousand

1264
01:03:12.920 --> 01:03:15.480
dollars count, never contribute to it, and then just open

1265
01:03:15.599 --> 01:03:17.960
open up another row. But you can only contribute to

1266
01:03:17.960 --> 01:03:19.559
a roth if you have earned income. Kids don't have

1267
01:03:19.599 --> 01:03:21.480
earned income, so this is a way to contribute to

1268
01:03:21.519 --> 01:03:22.840
it without them having earn income.

1269
01:03:23.159 --> 01:03:26.079
So you'd have to So you have to have earned income.

1270
01:03:26.320 --> 01:03:29.239
Even as a minor, you always have to have verned income.

1271
01:03:29.920 --> 01:03:32.760
Which you have that earned income. Like all you need

1272
01:03:32.840 --> 01:03:34.719
is I mean, you can contribute seven thousand dollars to

1273
01:03:34.719 --> 01:03:37.519
a roth iray if you're sixteen and you make seven

1274
01:03:37.559 --> 01:03:41.239
thousand dollars. Anybody can contribute that seven thousand dollars to

1275
01:03:41.400 --> 01:03:44.079
your roth iray. You just have to make that much.

1276
01:03:44.320 --> 01:03:45.960
The other part of the bill that was interesting was

1277
01:03:46.000 --> 01:03:48.679
the auto loan deduction ten up to ten thousand dollars

1278
01:03:48.679 --> 01:03:52.039
for American made loans, that was American made cars. That

1279
01:03:52.119 --> 01:03:54.559
loans were taken out from January first, twenty five to

1280
01:03:54.599 --> 01:03:57.840
the end of twenty twenty eights. And I think there's

1281
01:03:57.880 --> 01:04:00.000
like a five thousand for other type of auto.

1282
01:04:00.320 --> 01:04:02.719
And that's whether you standardize or itemize.

1283
01:04:02.840 --> 01:04:04.760
Yeah, it's above the line deduction, so you get that

1284
01:04:04.840 --> 01:04:05.639
no matter what I.

1285
01:04:05.519 --> 01:04:10.239
Was in addition to your standard deduction. Yes, oh yes, okay.

1286
01:04:10.239 --> 01:04:12.559
But again it's only for the people during twenty five

1287
01:04:12.639 --> 01:04:14.760
to twenty A lot of these are twenty five to

1288
01:04:14.800 --> 01:04:16.119
twenty eight type of deals.

1289
01:04:16.199 --> 01:04:20.920
That's how they got them through. Yes, it's tight, tight window.

1290
01:04:21.280 --> 01:04:25.079
It's crazy to tell Marcus. Globally were flat last week.

1291
01:04:25.480 --> 01:04:28.440
China was flat, Europe was flat. US was pretty flat down.

1292
01:04:28.599 --> 01:04:30.360
I think what hasked to me down three tenths of

1293
01:04:30.400 --> 01:04:33.719
a percent. Oil gained two bucks to sixty eighth sixty.

1294
01:04:33.840 --> 01:04:37.239
Gold up thirty seven dollars at thirty three sixty. The

1295
01:04:37.320 --> 01:04:40.800
big story of the week if you take away, BBB,

1296
01:04:41.039 --> 01:04:46.039
Takeaway Texas and take Away and Vidio hit four trillion, right,

1297
01:04:46.320 --> 01:04:49.360
the fourth biggest story of the week. Cluse, come on.

1298
01:04:49.199 --> 01:04:51.039
Come on, dad, what's the fourth Well, everything was flat

1299
01:04:51.079 --> 01:04:52.039
on the weekend boring, but.

1300
01:04:52.000 --> 01:04:55.639
Bitcoin, Bitcoin was amazing. I sat here on what Wednesday,

1301
01:04:55.639 --> 01:04:58.599
Tuesday or Wednesday and said, bitcoin's getting ready to explode,

1302
01:04:59.559 --> 01:05:02.199
and it did. I don't know why I did. It

1303
01:05:02.280 --> 01:05:04.039
just felt like it was getting ready to go.

1304
01:05:04.199 --> 01:05:05.440
I don't know if it was last week or the

1305
01:05:05.480 --> 01:05:07.679
week before, but yeah, what I said on the show

1306
01:05:07.679 --> 01:05:10.440
about it just setting up ready. It's been shelving for

1307
01:05:10.480 --> 01:05:13.480
a while, right, been flagging. And it jumped up to

1308
01:05:13.480 --> 01:05:17.760
one hundred and eighteen thousand on Friday Friday morning really

1309
01:05:18.159 --> 01:05:21.960
and trading there, I mean closed Friday around one hundred

1310
01:05:22.000 --> 01:05:24.280
and seventeen to five and just high.

1311
01:05:24.159 --> 01:05:27.000
Was one hundred and twelve and then it it took

1312
01:05:27.079 --> 01:05:29.519
to one hundred and twelve forty, one hundred and twelve

1313
01:05:30.000 --> 01:05:32.719
forty dollars and backed off a little bit, and then

1314
01:05:32.760 --> 01:05:40.039
it just exploded. And on Thursday, after hours, the first

1315
01:05:40.079 --> 01:05:43.400
hour or two after trading, it popped three percent, three

1316
01:05:43.400 --> 01:05:44.239
thousand dollars.

1317
01:05:44.440 --> 01:05:44.679
And I.

1318
01:05:46.159 --> 01:05:47.840
Don't think it's going to be hard for a lot

1319
01:05:47.880 --> 01:05:50.119
of you to maybe accept this, but I do think

1320
01:05:50.239 --> 01:05:52.679
that big beautiful bill is one of the reasons that

1321
01:05:52.760 --> 01:05:53.880
helps bitcoin.

1322
01:05:54.239 --> 01:05:55.239
Because it's inflationary.

1323
01:05:55.239 --> 01:05:57.719
It's an inflationary bill. I mean, at the end of

1324
01:05:57.760 --> 01:06:00.639
the day, if the government's going to be spent more money,

1325
01:06:00.719 --> 01:06:04.000
it's good for bitcoin. Bitcoin's a fixed asset. Anytime that

1326
01:06:04.119 --> 01:06:08.280
other currency is either getting devalued or inflating away, it's

1327
01:06:08.559 --> 01:06:10.960
gonna help it. So yeah, I think at the end

1328
01:06:10.960 --> 01:06:13.280
of the day, that's what really helped propel it into

1329
01:06:13.280 --> 01:06:16.639
the next now price discovery mode. I've been talking on

1330
01:06:16.639 --> 01:06:18.320
this show for a while about one hundred and twenty

1331
01:06:18.320 --> 01:06:21.920
thousand being the moment where things get into fomo territory,

1332
01:06:21.960 --> 01:06:25.519
and after that it's just it's a casino and there's

1333
01:06:25.800 --> 01:06:28.320
I think at that point bitcoin would have gotten a

1334
01:06:28.360 --> 01:06:30.519
little ahead of its skis, and that's where you can

1335
01:06:30.559 --> 01:06:34.360
start looking at maybe taking some profits. I think with

1336
01:06:34.480 --> 01:06:38.800
what I'm seeing, I would personally take probably twenty five

1337
01:06:38.880 --> 01:06:41.280
percent something like that, around like one hundred and thirty

1338
01:06:41.360 --> 01:06:44.480
hundred and thirty five. And after if it goes above that,

1339
01:06:44.679 --> 01:06:48.079
it's gonna be just people are gonna have their faces

1340
01:06:48.159 --> 01:06:51.440
ripped off and it'll come right back down. Okay, it

1341
01:06:51.800 --> 01:06:54.519
very quickly, I think bitcoin, I've seen it many times.

1342
01:06:54.559 --> 01:06:56.800
It'll spike up and it tracks a lot of investors,

1343
01:06:56.840 --> 01:06:59.000
and then it will spike down very quickly after and

1344
01:06:59.039 --> 01:07:01.880
all those investors got in I think bitcoin is terrible

1345
01:07:01.880 --> 01:07:04.440
for their entire rest of their life, and they get

1346
01:07:04.440 --> 01:07:07.039
a sour taste in their mouth. It's the ones that

1347
01:07:07.199 --> 01:07:10.239
have been disciplined, just like any investment field, it's the

1348
01:07:10.239 --> 01:07:12.840
ones that have been disciplined, had the thesis and stayed

1349
01:07:12.840 --> 01:07:14.280
to it over a long period of time that are

1350
01:07:14.320 --> 01:07:16.159
really benefiting from this all time.

1351
01:07:16.199 --> 01:07:18.199
You were talking about it earlier this week about the

1352
01:07:18.239 --> 01:07:20.920
alternate coins not really catching as.

1353
01:07:20.880 --> 01:07:21.679
Much of a bid this.

1354
01:07:23.119 --> 01:07:24.239
Phase of this trial.

1355
01:07:24.320 --> 01:07:26.639
The reason, Yeah, this season, that's what you should call it.

1356
01:07:26.679 --> 01:07:29.360
I was looking at the Ethereum EPF and it's down

1357
01:07:29.480 --> 01:07:30.440
this year pretty good.

1358
01:07:30.519 --> 01:07:32.519
Well, and that's what we were talking about. Normally, what

1359
01:07:32.599 --> 01:07:36.280
you have is when Bitcoin starts taking off, we call

1360
01:07:36.320 --> 01:07:39.840
them the all coins, the alternate coins will start really

1361
01:07:39.880 --> 01:07:43.280
outpacing Bitcoin, even because the idea is, oh, these coins

1362
01:07:43.280 --> 01:07:44.719
are a lot cheaper, they have so much more room

1363
01:07:44.760 --> 01:07:47.280
to run than Bitcoin, not understanding that that's not the

1364
01:07:47.320 --> 01:07:51.079
reason these things, but that's what happens. We saw this

1365
01:07:51.119 --> 01:07:54.119
happen with NFTs the last season. Right, all of a sudden,

1366
01:07:54.159 --> 01:07:57.119
people are buying JPEGs for millions of dollars. There's no

1367
01:07:57.239 --> 01:08:00.559
value in those things, right, That's what I thought would

1368
01:08:00.559 --> 01:08:02.960
happen as well in this season, but it hadn't. Now

1369
01:08:03.000 --> 01:08:05.840
we're starting to see it ripples up ten percent today

1370
01:08:05.960 --> 01:08:09.440
ethereum the last week has outpaced Bitcoin. You're gonna start

1371
01:08:09.480 --> 01:08:11.559
seeing I think some of these other crypto coins with

1372
01:08:11.679 --> 01:08:14.840
crazy names start popping off. Those are when you know

1373
01:08:15.039 --> 01:08:16.479
it's it's coming to the end.

1374
01:08:16.359 --> 01:08:19.159
Of the because ultimately it takes some of the confidence away.

1375
01:08:19.239 --> 01:08:22.039
Right when you have Pepe the frog coin going up

1376
01:08:22.119 --> 01:08:24.560
twenty percent, it's like, why am I buying this?

1377
01:08:24.680 --> 01:08:24.880
Why?

1378
01:08:24.880 --> 01:08:25.560
Why is crypto?

1379
01:08:25.720 --> 01:08:28.000
Whatever happened to NFTs that was one of the strange

1380
01:08:28.800 --> 01:08:31.760
died off, They're still around and it's it's I mean,

1381
01:08:31.800 --> 01:08:32.640
if they have any found.

1382
01:08:33.319 --> 01:08:36.479
Yeah, it's still a one hundred billion dollar industry.

1383
01:08:36.239 --> 01:08:36.920
Still a big deal.

1384
01:08:37.760 --> 01:08:39.279
It's not nearly as big of a deal as it

1385
01:08:39.359 --> 01:08:40.000
was last season.

1386
01:08:40.199 --> 01:08:42.319
Now the hop aout valuations if they hell, I mean

1387
01:08:42.399 --> 01:08:44.479
not that the elicitors care about this. In fact, i'lt

1388
01:08:44.520 --> 01:08:49.000
to move on. After a very quiet week the calendar

1389
01:08:49.279 --> 01:08:51.640
coming off the fourth of July, the calendar last week

1390
01:08:51.760 --> 01:08:54.640
was just nothing. There was just no economic news at all.

1391
01:08:54.920 --> 01:08:56.960
This week, we get very busy, ARNI, you start to

1392
01:08:56.960 --> 01:09:01.680
come in bunches. Tuesday we get sea PI, Wednesday we

1393
01:09:01.760 --> 01:09:05.800
get PPI. Thursday we get retail sales. So after sitting

1394
01:09:05.800 --> 01:09:07.920
around doing nothing for a while, we're gonna have a

1395
01:09:07.920 --> 01:09:11.239
lot of stuff to react to next week. Interest rates

1396
01:09:11.279 --> 01:09:15.560
continue to edge higher, have been steadily edging higher, although

1397
01:09:15.600 --> 01:09:18.600
times the mortgage rate has gone from what's seven to

1398
01:09:18.760 --> 01:09:20.960
six point seven? I think was what I saw on Friday.

1399
01:09:21.479 --> 01:09:25.239
Uh so the mortgage rates actually dropped while the two

1400
01:09:25.319 --> 01:09:28.279
year and the tenure have been steadily pushing higher.

1401
01:09:28.399 --> 01:09:30.359
Yeah, I'm not sure where you I've been seeing it

1402
01:09:30.439 --> 01:09:32.159
just at the six point seven mark for a while,

1403
01:09:32.319 --> 01:09:33.199
have you. Yeah, it's well.

1404
01:09:33.199 --> 01:09:35.119
I got to seven though, I think seven the top

1405
01:09:35.520 --> 01:09:38.159
A month ago, six weeks ago, I thought I heard seven.

1406
01:09:38.359 --> 01:09:41.439
Maybe I could be six point seven might have been

1407
01:09:41.479 --> 01:09:41.960
the top.

1408
01:09:41.880 --> 01:09:44.359
But yeah, I mean that the tenure this week I

1409
01:09:44.359 --> 01:09:47.960
thought was really interesting. You have that big increase, and

1410
01:09:48.840 --> 01:09:51.279
I mean not power, but Trump is talking to pal

1411
01:09:51.520 --> 01:09:54.880
just you gotta cut rates. I mean, if anything's going

1412
01:09:54.920 --> 01:09:57.560
to stop this rally from continuing into next year, it's

1413
01:09:57.640 --> 01:10:00.560
having higher rates and we have to ref finance all

1414
01:10:00.560 --> 01:10:02.239
of our government debt that we took out in twenty

1415
01:10:02.279 --> 01:10:05.279
twenty at zero percent. At these higher rates, that's going

1416
01:10:05.319 --> 01:10:07.560
to be an issue. And that's why Trump's pounding the

1417
01:10:07.600 --> 01:10:11.359
table so much. And the market seems to think that

1418
01:10:11.439 --> 01:10:14.000
we're going to have rates around for a while, and

1419
01:10:14.119 --> 01:10:15.399
that's that's kind of scary.

1420
01:10:15.960 --> 01:10:19.640
Yeah, it does. It seems like there is just not

1421
01:10:19.760 --> 01:10:22.960
much of a give up and rates. Everybody is still

1422
01:10:23.800 --> 01:10:26.760
bond buyers are still on their pins and needles about

1423
01:10:27.840 --> 01:10:30.359
when's the effect of these tariff's going to come now.

1424
01:10:30.600 --> 01:10:33.840
The Federal Reserve recently did a survey and the expectations

1425
01:10:33.880 --> 01:10:36.640
over the next twelve months of this group of people,

1426
01:10:36.920 --> 01:10:39.960
again it's just a guess, right, is that inflation would

1427
01:10:40.000 --> 01:10:43.439
be three percent, which is essentially what the expectations were

1428
01:10:43.439 --> 01:10:47.560
when Trump took office. So there's been no change.

1429
01:10:47.680 --> 01:10:50.680
And the bond market's not betting on lower interest rates

1430
01:10:50.720 --> 01:10:53.039
right now. Right the ten year it isn't run by

1431
01:10:53.039 --> 01:10:55.840
the Fed. If the ten year in the market really

1432
01:10:55.840 --> 01:10:57.600
thought well, we were going to have lower interest rates, it

1433
01:10:57.640 --> 01:10:59.960
should be in the high threes right now.

1434
01:11:00.520 --> 01:11:02.319
And at the same time, I mean, if you're gonna

1435
01:11:02.359 --> 01:11:06.239
use bitcoin as an inflation barometer, rate should be decreasing.

1436
01:11:06.560 --> 01:11:08.840
Yeah, I mean, I think bitcoin is one of the

1437
01:11:08.840 --> 01:11:10.960
truest inflation barometers, and there's the reason it's at all

1438
01:11:11.039 --> 01:11:11.800
time huh h.

1439
01:11:12.720 --> 01:11:12.920
Yeah.

1440
01:11:12.920 --> 01:11:15.920
I just exploded on Thursday. I don't think I've ever

1441
01:11:15.960 --> 01:11:19.199
seen it move up so fast, so far, so fast,

1442
01:11:19.960 --> 01:11:22.039
you know, a couple of thousand bucks literally in like

1443
01:11:22.119 --> 01:11:24.159
ten minutes. Yeah, I don't know what that was. I

1444
01:11:24.159 --> 01:11:27.319
guess it was a breakout, technical breakout, and so people

1445
01:11:27.399 --> 01:11:30.319
that were short or bitcoin have to recover real quickly,

1446
01:11:30.680 --> 01:11:32.720
and that creates that buy and panic. We're coming to

1447
01:11:32.760 --> 01:11:34.600
the end of the segment. We'll be back with more

1448
01:11:34.640 --> 01:11:37.119
of the Money Matter Show. Dino, come back and join us,

1449
01:11:37.119 --> 01:11:38.640
and we thank you for taking your time out of

1450
01:11:38.680 --> 01:11:41.760
your Sunday to listen to the Money Metter Show. Welcome

1451
01:11:41.800 --> 01:11:43.800
back to the Money Matter Show. This is Dave Surewood.

1452
01:11:43.800 --> 01:11:48.680
I'm here with Dave Greenberg, Todd Clig Junior shaking his head,

1453
01:11:49.479 --> 01:11:50.479
and Dylan Greenberg.

1454
01:11:50.960 --> 01:11:53.119
Welcome back. Do you know it's good to be back.

1455
01:11:53.159 --> 01:11:56.079
Could to hear your voice on the radio in person?

1456
01:11:56.479 --> 01:11:58.199
I did it. I did a couple of I did it.

1457
01:11:58.279 --> 01:12:00.920
I did my monologue then as I at that time.

1458
01:12:00.800 --> 01:12:03.279
I think it was what you were in Greece?

1459
01:12:03.560 --> 01:12:05.399
Oh grease, okay, yeah, you didn't do a couple. You

1460
01:12:05.399 --> 01:12:05.840
did one?

1461
01:12:05.960 --> 01:12:09.359
Yeah, okay, one one of some bad no one.

1462
01:12:10.680 --> 01:12:13.960
That's amazing considering I'm on my cell phone in the

1463
01:12:14.079 --> 01:12:16.760
in the in a in my in my room on

1464
01:12:16.840 --> 01:12:17.479
a cruise ship.

1465
01:12:18.000 --> 01:12:21.840
That's amazing. I mean, isn't that amazing the technology? Yeah,

1466
01:12:22.039 --> 01:12:23.560
that that that you can get there?

1467
01:12:24.399 --> 01:12:26.720
And Dylan was able to figure it out too tooth

1468
01:12:26.760 --> 01:12:28.640
everything I get great, I get both.

1469
01:12:28.439 --> 01:12:28.800
Of you guys.

1470
01:12:28.800 --> 01:12:29.119
Credit.

1471
01:12:29.399 --> 01:12:33.000
It's fantastic. Hey, Hers, she's been struggling with declining sales.

1472
01:12:33.000 --> 01:12:34.640
I was looking at this this past week. Todd, you

1473
01:12:34.960 --> 01:12:37.199
actually were one the one that brought it to my

1474
01:12:37.239 --> 01:12:40.399
attention a while back. And Hers, she's really been struggling.

1475
01:12:40.560 --> 01:12:42.560
They've lost over the last couple of years. They've lost

1476
01:12:42.560 --> 01:12:45.239
a bunch of marker share, a lot of talk about, well,

1477
01:12:45.319 --> 01:12:49.239
these people that are on those empicon Manjorno are not

1478
01:12:49.279 --> 01:12:52.000
going to be buying candy. And and then then Trump

1479
01:12:52.680 --> 01:12:56.439
dumps his fifty percent teriff on Brazil and I'm thinking, oh,

1480
01:12:56.479 --> 01:12:58.920
that can't be good. It's down three percent that day.

1481
01:13:00.479 --> 01:13:05.439
It's a relatively inexpensive stock with a decent dividend.

1482
01:13:05.720 --> 01:13:09.800
But I think the most popular candy in the country too.

1483
01:13:10.319 --> 01:13:13.640
Yeah, yeah, you're absolutely right, the most popular candy in

1484
01:13:13.640 --> 01:13:15.640
the country. Did you know see what the most popular

1485
01:13:15.720 --> 01:13:18.119
candy in the country is. Do you know what that is? Well,

1486
01:13:18.079 --> 01:13:20.680
would you guess it's the most popular candy in the

1487
01:13:20.760 --> 01:13:26.479
United States? Oh wow, I think like Eminem's right, or

1488
01:13:26.720 --> 01:13:30.479
maybe a Hershey bar or something, Yeah, Snickers bar or something.

1489
01:13:30.640 --> 01:13:32.239
It's A's peanut butter cup.

1490
01:13:32.560 --> 01:13:36.319
Oh yeah, yeah, that's pretty wild, that is.

1491
01:13:36.560 --> 01:13:39.800
I mean, because they're good, Well, they are delicious. Okay,

1492
01:13:39.840 --> 01:13:42.680
I'm not I'm not just I'm not saying anything bad

1493
01:13:42.720 --> 01:13:44.560
about them. They are delicious.

1494
01:13:44.760 --> 01:13:47.479
Uh but you know, yeah, But going back to the

1495
01:13:47.520 --> 01:13:49.399
thing with the candy and all, I think it's a

1496
01:13:49.439 --> 01:13:54.079
generation thing too. I think as as parents having younger kids,

1497
01:13:54.840 --> 01:13:57.119
they're not allowing them to have as much candy as

1498
01:13:57.159 --> 01:13:58.159
we did when we were going.

1499
01:13:58.199 --> 01:14:01.039
Yeah that's true. Yeah, my mother had candy.

1500
01:14:00.720 --> 01:14:03.319
All all over my grand I love slipping on my

1501
01:14:03.319 --> 01:14:06.279
grandparents house. Okay, they've gotta sleep, but I'd be watching

1502
01:14:06.479 --> 01:14:10.680
w W ON and going in there and getting U

1503
01:14:11.199 --> 01:14:14.039
Hershey bods, yeah, Hershey Bods and ice cream.

1504
01:14:14.159 --> 01:14:17.039
And I wont to parents have younger kids. What how

1505
01:14:17.079 --> 01:14:18.520
do parents have younger kids?

1506
01:14:19.600 --> 01:14:21.359
Parents? I'm younger kids that are younger?

1507
01:14:22.560 --> 01:14:23.680
Thought they all start at zero?

1508
01:14:24.359 --> 01:14:27.159
Oh all right, so am D it was up seven

1509
01:14:27.600 --> 01:14:30.039
It was up seven percent on the week. Am D

1510
01:14:30.279 --> 01:14:32.399
is trying to catch up to the NA video race.

1511
01:14:32.439 --> 01:14:35.079
And that's I think only in the video is how old?

1512
01:14:36.800 --> 01:14:37.399
Twenty four?

1513
01:14:37.520 --> 01:14:39.640
Okay, so so the bottom line has been going on

1514
01:14:39.680 --> 01:14:40.520
for about thirty years.

1515
01:14:40.560 --> 01:14:44.159
Okay, AMD is gonna be catching up to was Intel

1516
01:14:44.239 --> 01:14:44.680
at that time?

1517
01:14:44.800 --> 01:14:45.079
Intel?

1518
01:14:45.159 --> 01:14:47.399
Yeah, Oh, they're gonna tell you take over Intel. They're

1519
01:14:47.399 --> 01:14:49.279
not gonna take over there, so they're gonna take over that.

1520
01:14:50.039 --> 01:14:51.319
AMD is good.

1521
01:14:51.600 --> 01:14:55.279
They finally caught Intel. They finally caught in thirty years.

1522
01:14:55.399 --> 01:14:56.199
You said the a MD.

1523
01:14:56.720 --> 01:14:58.800
Yeah, micro devices right.

1524
01:14:58.840 --> 01:14:59.720
For thirty years?

1525
01:15:00.119 --> 01:15:03.760
Yeah, yes, yeah, they've been They've battled Intel for thirty years.

1526
01:15:03.800 --> 01:15:06.159
They were always second place, always second place.

1527
01:15:08.720 --> 01:15:12.159
The CEO and D wasn't the video's cousin at the

1528
01:15:12.199 --> 01:15:13.079
time either.

1529
01:15:13.039 --> 01:15:17.159
And video didn't exist, so exactly.

1530
01:15:16.039 --> 01:15:19.119
It is a completely different business than when it was

1531
01:15:19.119 --> 01:15:20.159
competing against.

1532
01:15:20.800 --> 01:15:23.399
Chips and the other one was Micron, which by the way,

1533
01:15:23.600 --> 01:15:26.000
it's Gpu. Think it's a pretty good bye here looks

1534
01:15:26.000 --> 01:15:27.199
like it's gonna keep going.

1535
01:15:28.479 --> 01:15:30.920
So why is AMD up seven percent on the week, then, Dan.

1536
01:15:30.880 --> 01:15:34.319
Because it's good. They like it. It's doing well.

1537
01:15:35.000 --> 01:15:36.279
I saw something coming up.

1538
01:15:36.960 --> 01:15:39.680
The market is pricing in that it has really good

1539
01:15:39.760 --> 01:15:42.560
ships as well. Yes, and if, like we saw with

1540
01:15:42.640 --> 01:15:45.159
deep Seek, if you don't need the latest and greatest,

1541
01:15:45.319 --> 01:15:45.520
all the.

1542
01:15:45.560 --> 01:15:46.119
Chips are out there.

1543
01:15:46.119 --> 01:15:48.039
What I don't understand, and I don't think anybody at

1544
01:15:48.039 --> 01:15:50.479
this roundtable does, is what chips are used for?

1545
01:15:50.560 --> 01:15:53.680
What?

1546
01:15:52.079 --> 01:15:52.119
What?

1547
01:15:53.680 --> 01:15:54.760
What chips are used for?

1548
01:15:54.840 --> 01:15:54.920
What?

1549
01:15:55.119 --> 01:15:55.239
You know?

1550
01:15:55.279 --> 01:15:57.960
What I'm saying like, we don't know what the A

1551
01:15:58.119 --> 01:16:00.840
M D versus the micron versus, the tel versus, the

1552
01:16:02.680 --> 01:16:05.880
broadcom versus the other one. I mean, they all have

1553
01:16:06.359 --> 01:16:11.079
a processing for something that is beyond my understanding.

1554
01:16:11.479 --> 01:16:12.159
So buy them all.

1555
01:16:12.520 --> 01:16:15.000
Yeah, that's how I feel about healthcare. But even more

1556
01:16:15.039 --> 01:16:16.760
so in healthcare, I don't know what the heck I'm

1557
01:16:16.800 --> 01:16:19.800
doing because it's like, you hear this revolutionary technology or

1558
01:16:19.840 --> 01:16:20.880
revolutionary medicine.

1559
01:16:20.920 --> 01:16:23.640
Well you're talking about biotech more than healthcare, right, Yeah.

1560
01:16:23.479 --> 01:16:25.159
It's like, but how does that actually flow down to

1561
01:16:25.199 --> 01:16:28.359
the bottom line? Does the insurance cover it? Is this covered?

1562
01:16:29.000 --> 01:16:32.079
It's so hard to gauge those businesses. It sounds so exciting,

1563
01:16:32.159 --> 01:16:33.520
but also what does it mean?

1564
01:16:33.640 --> 01:16:35.439
Well, and like you said too, if you want to

1565
01:16:35.560 --> 01:16:36.760
if you don't know which one to buy, and you

1566
01:16:36.760 --> 01:16:38.920
want to, just buy them all because they all do well.

1567
01:16:39.159 --> 01:16:42.880
That's why they created ETFs, like soxx is the chip

1568
01:16:42.880 --> 01:16:45.960
maker ETF as Nvidia has a MD has, Intel has

1569
01:16:45.960 --> 01:16:48.319
all of those. You buy it for one price. I

1570
01:16:48.359 --> 01:16:49.920
think it's two hundred and forty five dollars a share

1571
01:16:49.960 --> 01:16:52.520
right now, rather than buying six different companies. That's the

1572
01:16:52.520 --> 01:16:53.600
beauty of an ETF.

1573
01:16:54.800 --> 01:16:55.319
Yeah, I like that.

1574
01:16:55.560 --> 01:16:55.720
Yeah.

1575
01:16:55.760 --> 01:16:58.279
I AMD always chased in talent, they always lost.

1576
01:16:58.560 --> 01:16:59.800
That's why I've never heard of that.

1577
01:17:00.039 --> 01:17:03.159
Finally they caught Intel right and now they've got in video,

1578
01:17:03.840 --> 01:17:05.560
and the video just jumped right over.

1579
01:17:05.439 --> 01:17:07.520
Them and just well, A and D got killed. I

1580
01:17:07.520 --> 01:17:09.359
mean they were almost down seventy percent from their all

1581
01:17:09.439 --> 01:17:13.359
time highs and then after the April lows, they've really

1582
01:17:13.399 --> 01:17:14.079
come back strong.

1583
01:17:14.239 --> 01:17:16.760
What do you think the video was? It was when

1584
01:17:16.760 --> 01:17:17.319
we got down to what.

1585
01:17:17.479 --> 01:17:20.079
You should have saw in comparison to the video. Though

1586
01:17:20.439 --> 01:17:22.439
AMD got hit way harder than the video.

1587
01:17:23.000 --> 01:17:25.119
Micron was one hundred and fifty five and went down

1588
01:17:25.159 --> 01:17:25.920
to sixty five.

1589
01:17:26.079 --> 01:17:27.640
Yea, you know they all got hit.

1590
01:17:27.720 --> 01:17:31.319
That's the thing that that's the reason I'm I'm I'm

1591
01:17:31.399 --> 01:17:34.640
saying the reason we still stayed with the video is

1592
01:17:34.720 --> 01:17:38.319
because the past history of understanding. As you're turning in

1593
01:17:38.399 --> 01:17:40.560
the technology, you hung with it, you know what I mean.

1594
01:17:40.760 --> 01:17:43.560
It was the leader in that and and it's going

1595
01:17:43.640 --> 01:17:45.199
to say that. But as soon as you do that,

1596
01:17:45.279 --> 01:17:48.399
as soon as they have competition at the same level

1597
01:17:48.439 --> 01:17:50.640
they are, that's when the video is going to fall

1598
01:17:50.640 --> 01:17:53.119
off if they can't keep that. But will they get

1599
01:17:53.119 --> 01:17:55.359
to five trillion before it gets the three trillion.

1600
01:17:56.479 --> 01:17:57.279
It probably will.

1601
01:17:58.159 --> 01:18:01.399
I ceith the oddre good. Yeah, deflation and with the AI.

1602
01:18:01.640 --> 01:18:04.079
Another ship company I think is interesting is Marvel because

1603
01:18:04.119 --> 01:18:06.279
they specialize in some of the A six right, and

1604
01:18:06.279 --> 01:18:08.239
those A six are going to become a bigger part

1605
01:18:08.319 --> 01:18:09.920
of a teleology mix.

1606
01:18:10.239 --> 01:18:13.439
You know, it's so hard to know which one mm hmm.

1607
01:18:13.560 --> 01:18:15.640
There is one out there that seems to have a

1608
01:18:15.680 --> 01:18:18.800
monopoly on stuff in the chip world, and that's ASML.

1609
01:18:19.319 --> 01:18:21.920
They create the machines that create the chips, and they

1610
01:18:21.920 --> 01:18:25.199
seem to have a stronghold on the machine building. Nobody

1611
01:18:25.199 --> 01:18:27.119
really has caught up to them that it really seems

1612
01:18:27.119 --> 01:18:30.439
to right, But they got be I think when you're

1613
01:18:30.439 --> 01:18:33.119
talking about having like a monopoly on in the chip

1614
01:18:33.159 --> 01:18:37.119
industry ASML, those machines cost twohunred million dollars apiece. They

1615
01:18:37.119 --> 01:18:38.560
make what like forty five a year.

1616
01:18:38.640 --> 01:18:41.039
Yeah, something's so small to another one out there.

1617
01:18:41.039 --> 01:18:44.000
What about super micro computer? Okay, what are they doing at?

1618
01:18:44.439 --> 01:18:46.720
I mean how they were they were, they were left

1619
01:18:46.720 --> 01:18:49.439
for dead and now they've come all the way back like.

1620
01:18:49.439 --> 01:18:52.640
A memestock to me. The way it moves, I don't know.

1621
01:18:52.800 --> 01:18:55.439
I mean you read the stuff they say something behind it.

1622
01:18:55.560 --> 01:18:58.319
Another company as interesting as VRT, it was in the

1623
01:18:58.319 --> 01:19:01.199
news this week because Amazon came out with their version.

1624
01:19:00.920 --> 01:19:05.319
Of liquid cool There is variative is the liquid cooling

1625
01:19:05.560 --> 01:19:08.119
of these GPU, especially the black well overheats, and you

1626
01:19:08.119 --> 01:19:11.359
can't use regular AC cooling mechanisms, so high higher power,

1627
01:19:11.560 --> 01:19:13.960
higher power chips simply will melt down.

1628
01:19:14.000 --> 01:19:16.880
If they're not very very powerful chips, they need a

1629
01:19:16.880 --> 01:19:19.159
lot of cooling. So you throw a little liquid through

1630
01:19:19.159 --> 01:19:21.920
them and they're just fine. So VRT specialized in this

1631
01:19:22.000 --> 01:19:24.439
technology and pretty much as a leader in this space.

1632
01:19:24.520 --> 01:19:27.359
But then Amazon came out saying they figured it out

1633
01:19:27.359 --> 01:19:30.199
as well, and it shot the stock down nine percent,

1634
01:19:30.199 --> 01:19:32.880
almost fourteen percent at one point during the day, but

1635
01:19:33.079 --> 01:19:37.119
then VRT almost recovered almost finished down. Yeah, it was

1636
01:19:37.159 --> 01:19:40.479
only down like four percent or something. Yeah, and that

1637
01:19:40.880 --> 01:19:43.079
was because they realized Amazon's not going to be going

1638
01:19:43.119 --> 01:19:44.720
commercial with their product.

1639
01:19:44.880 --> 01:19:46.439
That they figured out they're just going to use it

1640
01:19:46.439 --> 01:19:47.319
for their themselves.

1641
01:19:47.319 --> 01:19:48.960
Internally, it's going to happen.

1642
01:19:49.720 --> 01:19:52.000
Everyone's going to have to start looking at themselves. It's

1643
01:19:52.039 --> 01:19:53.720
going to be kind of America first is going to

1644
01:19:53.760 --> 01:19:57.840
be company first, because you're gonna we're going to not electricity.

1645
01:19:57.439 --> 01:19:58.720
Until we come up with an idea.

1646
01:19:58.920 --> 01:20:01.319
And if you know, no one's gi Trump credit for this,

1647
01:20:01.920 --> 01:20:04.039
But if we just went down the Biden way and

1648
01:20:04.840 --> 01:20:08.119
all where everything has to be green and everything has

1649
01:20:08.159 --> 01:20:10.520
to be electric, there's no way any of things that

1650
01:20:10.600 --> 01:20:13.319
can happen. We need to use a little bit of

1651
01:20:13.439 --> 01:20:15.199
everything so we can survive.

1652
01:20:15.479 --> 01:20:16.199
It's that simple.

1653
01:20:16.399 --> 01:20:19.159
China's generating four times the amount of power we are,

1654
01:20:19.199 --> 01:20:21.239
and they're doing it with coal fired plants. They might

1655
01:20:21.359 --> 01:20:24.640
bringing them online left and right. You want to global

1656
01:20:24.640 --> 01:20:26.880
warming to stop and clean up the air, tell China,

1657
01:20:27.279 --> 01:20:28.720
Tell China about it. They don't get it. They don't

1658
01:20:28.720 --> 01:20:30.000
want to get a turned Yeah.

1659
01:20:30.039 --> 01:20:33.159
So I got a little question for you guys, little tidbit.

1660
01:20:33.960 --> 01:20:36.319
Traveling around the country, you see people with hats on

1661
01:20:36.399 --> 01:20:40.880
all the time. What sports team is the number one hat?

1662
01:20:41.119 --> 01:20:43.239
Yeah, travel around the world, travel right around the world.

1663
01:20:43.359 --> 01:20:47.399
In Europe, Green Bay Packers, Oh, Green Bay Packers, that'd be.

1664
01:20:47.359 --> 01:20:49.680
The second one. Daughters has got to be the second one.

1665
01:20:49.920 --> 01:20:52.800
Ninety nine point nine percent of the people were wearing

1666
01:20:52.800 --> 01:20:57.199
a Yankees hat. Right I saw, I probably saw I

1667
01:20:57.279 --> 01:21:00.800
want to say, five hundred of them, wow, right saw?

1668
01:21:00.399 --> 01:21:04.960
I saw two Dodger hats, I saw one San Francisco John.

1669
01:21:05.039 --> 01:21:07.880
I saw three Mets hats I found. I saw two

1670
01:21:08.720 --> 01:21:13.439
Giant football New York Giants football, I saw one Green

1671
01:21:13.520 --> 01:21:16.640
Bay one one Miami Dolphin.

1672
01:21:17.479 --> 01:21:19.039
That said, I mean they were only Yankees.

1673
01:21:19.239 --> 01:21:21.399
So I decided, Okay, my friend and I my friend's

1674
01:21:21.439 --> 01:21:24.680
a huge Yankee fan, and we started doing like the

1675
01:21:24.359 --> 01:21:26.640
uh like like like the TikTok thing, even though we

1676
01:21:26.680 --> 01:21:28.399
don't know TikTok, but we would go up and interview

1677
01:21:28.479 --> 01:21:30.560
the person to see what they knew about the Yankees.

1678
01:21:30.560 --> 01:21:33.239
How many people they, you know, knew None of them

1679
01:21:33.279 --> 01:21:34.640
even knew where the Yankees were.

1680
01:21:35.199 --> 01:21:37.920
They just an know, we like the hat. We like that.

1681
01:21:38.159 --> 01:21:39.800
I said, you know what, what what state is the

1682
01:21:39.840 --> 01:21:42.359
New York Yankees in I don't know.

1683
01:21:42.439 --> 01:21:44.119
They probably don't even know what the symbol says.

1684
01:21:48.079 --> 01:21:49.760
I mean, I saw him in green, I saw him

1685
01:21:49.800 --> 01:21:51.399
in blue, I saw him in black, I saw him

1686
01:21:51.399 --> 01:21:54.199
in orange, I saw him in white. It was crazy

1687
01:21:54.439 --> 01:21:58.640
and it was every nationality was wearing a Yankee hat.

1688
01:22:00.239 --> 01:22:02.520
Believable all over the world.

1689
01:22:02.800 --> 01:22:05.119
Yeah, you would think the Dodgers because a lot of

1690
01:22:05.119 --> 01:22:07.239
the Asians I thought would be doing it because.

1691
01:22:07.000 --> 01:22:11.079
Of what's his name? Yeah, but no, Dylan said, looking

1692
01:22:11.119 --> 01:22:11.479
at it, if you.

1693
01:22:11.479 --> 01:22:13.359
Went to Asia, you probably would have seen a little

1694
01:22:13.439 --> 01:22:14.079
more Dodgers.

1695
01:22:14.159 --> 01:22:15.359
But you're in Europe, to.

1696
01:22:15.279 --> 01:22:17.399
Be fair to Japan's everywhere.

1697
01:22:17.479 --> 01:22:19.479
Yeah, yeah, Atani's crazy over there.

1698
01:22:19.479 --> 01:22:21.119
Probably would have saw a lot of Dodgers stuff there.

1699
01:22:21.439 --> 01:22:21.880
How about it?

1700
01:22:21.920 --> 01:22:24.520
How about how about a quiz? How about the categories

1701
01:22:24.560 --> 01:22:27.039
the US adults are likely to cut back on if

1702
01:22:27.119 --> 01:22:30.439
tariffs lead to higher prices. The category what do you?

1703
01:22:31.119 --> 01:22:33.079
Is it a multiple choice? He is the guess.

1704
01:22:33.199 --> 01:22:33.399
Yeah.

1705
01:22:33.880 --> 01:22:36.720
The number one they're going to cut back on is

1706
01:22:36.800 --> 01:22:39.760
fast food restaurants, which I thought was interesting. How I

1707
01:22:39.840 --> 01:22:43.119
thought you actually increase the fast food resturants. Maybe instead

1708
01:22:43.159 --> 01:22:45.880
of going to Jimmy John you go to mcdonald'sor instead

1709
01:22:45.880 --> 01:22:47.720
of going to Fleming you'd go to Burger Camp.

1710
01:22:47.800 --> 01:22:51.239
But McDonald's to say, why do I want to pay

1711
01:22:51.319 --> 01:22:54.199
ten dollars at McDonald's when they can pay eleven dollars

1712
01:22:54.199 --> 01:22:55.520
at so and so on twelve dollars.

1713
01:22:55.680 --> 01:22:59.720
I'm talking about going to a nice restaurant versus McDonalds.

1714
01:22:59.720 --> 01:23:02.680
That's what he's like. The fast food restaurants aren't that

1715
01:23:02.720 --> 01:23:05.079
cheap anymore. It's not that the dollar mini is not

1716
01:23:05.239 --> 01:23:05.640
very good.

1717
01:23:06.079 --> 01:23:08.520
Number two. Number two things are gonna cut back on

1718
01:23:08.600 --> 01:23:13.640
is fast casual restaurants. Number three? What is what fast casual?

1719
01:23:13.960 --> 01:23:16.680
Okay, you're basically saying going out to dinner is going

1720
01:23:16.720 --> 01:23:22.199
to be talking number three full service restaurants. That's pretty

1721
01:23:22.239 --> 01:23:24.800
much just wrap it out and say going out.

1722
01:23:26.560 --> 01:23:28.640
So you're saying grocery stores would be good to invest

1723
01:23:28.680 --> 01:23:30.880
in if terrors keep hitting hard.

1724
01:23:30.760 --> 01:23:33.760
That's amazing. And the one that's good, they're gonna cut

1725
01:23:33.800 --> 01:23:36.760
back on the least gasoline, Well they have to.

1726
01:23:37.000 --> 01:23:38.239
How are you going to get rid of that one?

1727
01:23:38.279 --> 01:23:38.399
You know?

1728
01:23:38.479 --> 01:23:39.039
It's interesting.

1729
01:23:41.279 --> 01:23:43.199
Well, we're coming up to things, so I'll say that

1730
01:23:43.359 --> 01:23:46.680
I want to talk about restaurants tipping all the extra

1731
01:23:46.720 --> 01:23:48.880
money that they put on stuff, and how I was

1732
01:23:48.920 --> 01:23:50.760
so ahead of the game when it was in my restaurants,

1733
01:23:50.760 --> 01:23:53.840
but everyone thought I was crazy saying how to put

1734
01:23:53.840 --> 01:23:54.079
it there?

1735
01:23:54.079 --> 01:23:56.159
They all do it in Europe. We'll be right back.

1736
01:23:56.800 --> 01:23:59.199
Welcome back, everybody to the last segment of the Money

1737
01:23:59.199 --> 01:24:01.600
Matty Show. As you know, if you missed any part

1738
01:24:01.640 --> 01:24:03.600
of it, or you ever miss a show, if you

1739
01:24:03.600 --> 01:24:06.399
want to do it, you can always just go and

1740
01:24:06.920 --> 01:24:10.279
to a website it's podcast. There's a podcast on there,

1741
01:24:10.840 --> 01:24:13.039
or you can go to the podcast places and just

1742
01:24:13.199 --> 01:24:15.640
go Money Matters with Dean Greenberg. And you got to

1743
01:24:15.680 --> 01:24:18.640
say with Dean Greenberg, because there's a bunch of different

1744
01:24:18.640 --> 01:24:23.159
ones they over thirty five years, there's probably about ten others.

1745
01:24:24.319 --> 01:24:25.439
Should have copyrighted it.

1746
01:24:25.840 --> 01:24:29.199
I didn't do this to get into the radio host business.

1747
01:24:29.640 --> 01:24:32.800
I did it so people can understand our thinking and

1748
01:24:32.840 --> 01:24:35.680
how we work in all to build up our business.

1749
01:24:35.760 --> 01:24:35.960
Here.

1750
01:24:36.359 --> 01:24:38.319
There's a different If I was a radio host, it

1751
01:24:38.359 --> 01:24:40.840
would be totally different. I couldn't just talk talk to

1752
01:24:40.920 --> 01:24:43.479
truth all the time. You'd have to be doing things

1753
01:24:43.520 --> 01:24:45.920
like they do. So you can be spectacular and get

1754
01:24:45.920 --> 01:24:48.720
everybody to want to listen, so you can get paid

1755
01:24:48.720 --> 01:24:49.319
on commercials.

1756
01:24:49.439 --> 01:24:52.039
You want a fund, fact, I want to go back to.

1757
01:24:52.000 --> 01:24:54.359
The restaurant thing. Okay, you go, okay, go ahead.

1758
01:24:54.520 --> 01:24:59.199
So the fact when you're in Europe, it's very interesting

1759
01:24:59.720 --> 01:25:02.800
how we go out to dinner here and we go

1760
01:25:02.840 --> 01:25:07.079
out to places there. Number one, the service here, they

1761
01:25:07.119 --> 01:25:09.680
can't wait to turn the tables. Here, they can't wait

1762
01:25:09.720 --> 01:25:11.119
just to give you the food and do it. Very

1763
01:25:11.239 --> 01:25:16.039
rarely do you run into a very great server unless

1764
01:25:16.039 --> 01:25:18.720
you're at a higher end restaurant. Most of the ones,

1765
01:25:19.359 --> 01:25:23.840
especially I know from owning restaurants and stuff here, they

1766
01:25:23.880 --> 01:25:24.359
don't care.

1767
01:25:24.560 --> 01:25:25.119
They don't care.

1768
01:25:25.199 --> 01:25:27.439
It's a it's a quick buck in their pocket. Make

1769
01:25:27.479 --> 01:25:30.000
the money, move on, and they have so many other intants.

1770
01:25:30.000 --> 01:25:33.439
But over there, the action the services are actually older.

1771
01:25:34.000 --> 01:25:36.000
I mean I would say the average agency service was

1772
01:25:36.000 --> 01:25:37.520
about forty in the forty fifties.

1773
01:25:37.920 --> 01:25:39.520
Your career, yeah, it's their career.

1774
01:25:40.720 --> 01:25:46.479
No tips at most places, the the especially the local ones,

1775
01:25:46.920 --> 01:25:49.720
the tips, and they can't put tips on on the

1776
01:25:49.760 --> 01:25:50.439
credit cards.

1777
01:25:51.199 --> 01:25:51.640
You have to.

1778
01:25:51.680 --> 01:25:52.880
If you want to give them a tip, you give

1779
01:25:52.880 --> 01:25:56.640
them cash. Oh wow, Okay, so they don't encourage tips

1780
01:25:56.640 --> 01:26:00.479
at all. They're more more popular places, you know, the

1781
01:26:00.520 --> 01:26:03.760
more tourist places. They got a little place on there

1782
01:26:03.760 --> 01:26:05.840
that you know they talk about tips are welcome.

1783
01:26:06.800 --> 01:26:08.319
They have vat.

1784
01:26:08.079 --> 01:26:10.279
Taxes, they have every other tax you want. But what's

1785
01:26:10.359 --> 01:26:15.760
interesting is you pay it's called takeaway. If you go

1786
01:26:15.920 --> 01:26:19.479
allder your food and take away, you pay one price.

1787
01:26:20.399 --> 01:26:24.279
If you sit down at the table. Everyone's charged anywhere

1788
01:26:24.279 --> 01:26:27.640
from two fifty to five bucks a person for using

1789
01:26:27.960 --> 01:26:33.279
their table, using their utensils, using the seats, the chairs,

1790
01:26:33.439 --> 01:26:35.520
everything in there you paid for.

1791
01:26:36.760 --> 01:26:38.439
And I thought about that.

1792
01:26:38.439 --> 01:26:41.479
That's so true because we used to say I loved

1793
01:26:41.520 --> 01:26:44.199
it when people came in and just took the food away, right,

1794
01:26:44.600 --> 01:26:46.880
But when people come in, they sit, they do this,

1795
01:26:47.000 --> 01:26:50.520
it's great, but they don't go ahead. You know, they're

1796
01:26:50.560 --> 01:26:53.439
not paying for that and to increased prices and stuff.

1797
01:26:53.439 --> 01:26:56.119
So you just say, here, it's like a seating charge, accommodation.

1798
01:26:56.199 --> 01:26:59.199
They called it accommodation charge. So you had to pay

1799
01:26:59.239 --> 01:27:02.920
that and and and you know you kind of got used.

1800
01:27:02.760 --> 01:27:03.520
To it after a while.

1801
01:27:03.680 --> 01:27:06.680
That added, Yeah, you didn't understand because you see everything, oh,

1802
01:27:06.800 --> 01:27:10.600
eighteen eighteen dollars eighteen euro which is twenty dollars, but

1803
01:27:10.640 --> 01:27:13.680
eighteen euro you know, times spores like seventy two dollars.

1804
01:27:13.680 --> 01:27:15.239
The next thing, you know, the bill's over one hundred.

1805
01:27:15.239 --> 01:27:16.199
And we didn't leave a tip.

1806
01:27:16.840 --> 01:27:19.399
Okay, like a hotel where you've got all the add on, right.

1807
01:27:19.920 --> 01:27:22.039
But it's interesting how they did that there and we

1808
01:27:22.119 --> 01:27:24.560
and we asked them what's it's all about, and they said,

1809
01:27:24.600 --> 01:27:28.479
it's because you're paying for all the things that we

1810
01:27:28.600 --> 01:27:30.720
have to keep up and be nice and wash and

1811
01:27:30.800 --> 01:27:31.079
do and.

1812
01:27:31.760 --> 01:27:32.479
And everything else.

1813
01:27:32.560 --> 01:27:36.720
I thought that was brilliant, honestly, you know, I thought

1814
01:27:36.720 --> 01:27:39.279
it was brilliant, real different. Yeah, and they get paid

1815
01:27:39.279 --> 01:27:42.239
well because it becomes careers for them there, so they

1816
01:27:42.239 --> 01:27:43.199
don't get the tints.

1817
01:27:43.239 --> 01:27:44.680
But if someone went out of the way, we always

1818
01:27:44.680 --> 01:27:45.279
gave a tip.

1819
01:27:45.399 --> 01:27:48.359
It is awfully annoying that I get takeout every night

1820
01:27:48.399 --> 01:27:51.239
and you go and get they turn the machine to

1821
01:27:51.279 --> 01:27:53.159
your right, and you got to you got to hip

1822
01:27:53.239 --> 01:27:55.600
or tip them right or a risk having a spit

1823
01:27:55.640 --> 01:27:57.279
in your food right one or the others.

1824
01:27:57.359 --> 01:27:59.359
So well, you know what, Now I'm gonna tell them

1825
01:27:59.560 --> 01:28:01.600
go to your up learn how you really do this.

1826
01:28:02.600 --> 01:28:05.039
Okay, they're gonna spin your food first of all, i'll

1827
01:28:05.079 --> 01:28:06.680
give you a tip, you gave me a less price.

1828
01:28:06.760 --> 01:28:08.800
I should not be paying the same amount of money

1829
01:28:08.920 --> 01:28:11.439
as that person over there, using your space and your

1830
01:28:11.520 --> 01:28:15.680
utensils and your glasses and making the dishwater, having to

1831
01:28:15.680 --> 01:28:16.520
pay a good dish.

1832
01:28:16.439 --> 01:28:19.920
Washing that might not come in that day. Yeah, exactly.

1833
01:28:20.039 --> 01:28:20.640
I like that.

1834
01:28:21.119 --> 01:28:23.279
If I was going to open another restaurant now that

1835
01:28:23.520 --> 01:28:26.159
was that, I would have a takeaway price and then

1836
01:28:26.159 --> 01:28:29.520
I would add the addition on the onto the table, okay,

1837
01:28:29.760 --> 01:28:32.560
and I would make sure that all my service understood

1838
01:28:33.159 --> 01:28:35.640
exactly what I was doing and why am doing it.

1839
01:28:35.640 --> 01:28:37.399
So if we're not used to that kind of an approach,

1840
01:28:37.439 --> 01:28:40.199
you probably have a lot of people eating in the car. Yeah,

1841
01:28:41.920 --> 01:28:43.159
one thing, imagine that parking.

1842
01:28:44.800 --> 01:28:45.920
It's a whole new industry.

1843
01:28:46.800 --> 01:28:49.039
And then we'll put we'll put roller skates on the

1844
01:28:49.880 --> 01:28:52.720
We'll put the roller skates on the service.

1845
01:28:54.840 --> 01:28:57.920
Wait, sounds like that's.

1846
01:28:58.600 --> 01:29:00.960
No, But I thought that was a ver interesting part

1847
01:29:01.000 --> 01:29:02.159
about what was going on.

1848
01:29:02.199 --> 01:29:07.840
That is that's fascinating, totally, Like it's a whole different country. Yeah,

1849
01:29:07.960 --> 01:29:10.119
it's like the old Steve Martin routine comes back and

1850
01:29:10.119 --> 01:29:13.760
he goes in France. Hat is Chapaul and this is

1851
01:29:13.880 --> 01:29:16.760
that so like those French have a different word for everything.

1852
01:29:18.960 --> 01:29:21.039
Javes right on target today, isn't he?

1853
01:29:21.159 --> 01:29:21.399
Yeah?

1854
01:29:21.479 --> 01:29:23.000
Is this the way he's been for the last six weeks.

1855
01:29:23.119 --> 01:29:26.159
I we're always like this, Yeah, We're always like we're

1856
01:29:26.159 --> 01:29:28.920
happy guys. Fun facts. Wilson's Sporting Goods. You guys are

1857
01:29:28.960 --> 01:29:32.840
sporting good people, right, So the Wilson's Sporting good Company,

1858
01:29:33.159 --> 01:29:35.920
I love. This started off as a meat packing plant

1859
01:29:35.920 --> 01:29:38.319
in New York City. Deane. You probably even stopped by

1860
01:29:38.319 --> 01:29:39.119
there when you were a kid.

1861
01:29:39.359 --> 01:29:42.960
Wilson. Think about this. My first golf clubs when I

1862
01:29:43.079 --> 01:29:46.039
was twelve years old. My grandfather bought it from me

1863
01:29:46.079 --> 01:29:48.359
for Hanka. They were Wilson's.

1864
01:29:48.600 --> 01:29:51.800
That's amazing Wilson's, Yeah, because that was the name back then.

1865
01:29:52.199 --> 01:29:54.840
No pings, no tailormads, it was Wilson.

1866
01:29:54.960 --> 01:29:57.960
This meat packing plant was owned by a guy's name

1867
01:29:58.159 --> 01:29:59.960
Schwartz Child and Soulsburger.

1868
01:30:00.159 --> 01:30:00.520
Of course.

1869
01:30:00.520 --> 01:30:04.479
It was in nineteen fifteen and they formed a subsidiary

1870
01:30:04.560 --> 01:30:07.920
that they were experimenting with animal byproducts and how they

1871
01:30:08.000 --> 01:30:10.680
might be able to use those or not. They started

1872
01:30:10.720 --> 01:30:15.439
using animal byproducts to make tennis rackets, strings, violin strings,

1873
01:30:15.439 --> 01:30:20.039
and surgical sutures. But in nineteen fifteen they hired Thomas

1874
01:30:20.039 --> 01:30:23.239
Wilson because they wanted the company, because the company wasn't

1875
01:30:23.239 --> 01:30:25.279
doing that well and they wanted to sound more American.

1876
01:30:25.479 --> 01:30:28.199
Was it called Wilson before they hired Thomas Wilson. No,

1877
01:30:28.359 --> 01:30:32.479
it was called schwartz Child in Salzburg. No, they hired

1878
01:30:32.560 --> 01:30:35.560
Thomas Wilson so they could use his name, and it

1879
01:30:35.600 --> 01:30:38.520
became the Wilson Company and the rest is history. And

1880
01:30:38.560 --> 01:30:43.159
he emphasized that the cool part about it, Dean. You know,

1881
01:30:43.399 --> 01:30:46.680
the first American football game was played in eighteen sixty nine.

1882
01:30:47.319 --> 01:30:51.159
It was Princeton against Rutgers. Forward pass was not allowed.

1883
01:30:51.760 --> 01:30:54.439
They used a rugby ball right right, and so it

1884
01:30:54.520 --> 01:30:57.720
was kind of a form of rugby. But when they

1885
01:30:58.159 --> 01:31:01.319
made the Forward Pass League in nineteen oh six, to

1886
01:31:01.399 --> 01:31:05.439
but just rush to make a ball that would sail better,

1887
01:31:05.560 --> 01:31:09.359
and Wilson worked with new Rockney from Notre Dame, the

1888
01:31:09.399 --> 01:31:13.680
famous Notre Dame coach. They came up with this, this

1889
01:31:13.760 --> 01:31:16.920
is more spherical ball that would would float better through.

1890
01:31:16.960 --> 01:31:20.560
There you go. Now, Wilson makes two hundred and seventy

1891
01:31:20.640 --> 01:31:24.960
five thousand tennis balls every single day, seven days a week,

1892
01:31:25.520 --> 01:31:30.079
two hundred and seventy five thousand tennis balls every day.

1893
01:31:30.199 --> 01:31:31.640
You would think that a lot of bunny book, but

1894
01:31:31.640 --> 01:31:33.119
they probably sell it for at fifty cents.

1895
01:31:33.159 --> 01:31:36.159
Isn't that amazing? I mean, that's that's absolutely Maybe.

1896
01:31:36.079 --> 01:31:39.359
We talk about Dave on this company, this company called Dave.

1897
01:31:39.479 --> 01:31:41.399
Yeah, I'm very popular and very popular right now.

1898
01:31:41.399 --> 01:31:42.239
It is a company called Dave.

1899
01:31:42.319 --> 01:31:43.840
I'm all the rage on the stock market.

1900
01:31:43.920 --> 01:31:46.119
Yeah, but it's down twenty seven percent this week.

1901
01:31:46.119 --> 01:31:48.079
Oh no, ye oh no, you're not.

1902
01:31:48.039 --> 01:31:48.840
All the rage anymore.

1903
01:31:48.920 --> 01:31:50.159
No, they must have talked to my wife.

1904
01:31:50.239 --> 01:31:52.800
Yeah, finally took some profits on you.

1905
01:31:53.079 --> 01:31:55.800
Oh my goodness. Wow. That's the one that I can't

1906
01:31:55.800 --> 01:31:59.960
get over is Costco. Costco is on everybody's bylist, everybody

1907
01:32:00.119 --> 01:32:05.520
he loves Costco. But the stock has been slowly drifting south.

1908
01:32:05.560 --> 01:32:06.960
It's now down ten percent.

1909
01:32:07.039 --> 01:32:09.600
Are they concerned because the tariffs are going to make

1910
01:32:09.640 --> 01:32:11.439
people that go to Costo have to pay more?

1911
01:32:11.520 --> 01:32:13.119
They think the Costco is going to be one of

1912
01:32:13.119 --> 01:32:14.600
these that's going to win that battle?

1913
01:32:14.640 --> 01:32:15.560
Will they? Yeah?

1914
01:32:15.600 --> 01:32:18.159
They will they because they have all this They have

1915
01:32:19.119 --> 01:32:21.920
very low prices because they're able to get stuff from

1916
01:32:22.079 --> 01:32:23.039
outside the country.

1917
01:32:23.319 --> 01:32:26.439
That's a Kirkland brand. Yeah, that's that's it depends where

1918
01:32:26.479 --> 01:32:27.119
Kirkland's made.

1919
01:32:27.399 --> 01:32:30.039
Costco Yeah, and Costco can pretty much pay whatever is

1920
01:32:30.119 --> 01:32:31.039
Kirkland signature.

1921
01:32:32.119 --> 01:32:35.399
I thought Kirkland was like a premium thing but just

1922
01:32:35.439 --> 01:32:36.239
put their name on it.

1923
01:32:36.279 --> 01:32:40.279
Costco owns it, owns Kirkland and they Kirkland wasn't as

1924
01:32:40.319 --> 01:32:43.399
big before Costco bought it. Costco bought their infrastructure, like

1925
01:32:43.399 --> 01:32:46.239
their warehouses, and then just that's why it's blown up

1926
01:32:46.239 --> 01:32:48.079
everywhere now. But it's a Costco brand.

1927
01:32:48.159 --> 01:32:49.680
Of course, Costco is always packed.

1928
01:32:49.720 --> 01:32:53.479
But who makes it packed? Costco Kirkland does, I think?

1929
01:32:53.520 --> 01:32:56.640
I think the major company Costco owns Kirkland.

1930
01:32:56.680 --> 01:32:58.399
I know, but it's Kirklan is just a distribution.

1931
01:32:58.960 --> 01:33:00.560
No, yeah, in a sense, because I mean like Kirkland

1932
01:33:00.600 --> 01:33:01.720
vodka is Grey Goose.

1933
01:33:02.239 --> 01:33:04.159
That's why that's what I'm trying to say. Exactly, it's

1934
01:33:04.159 --> 01:33:08.680
greg Goose, but be put on it. They pay, but

1935
01:33:08.760 --> 01:33:10.399
they sell cheap because.

1936
01:33:09.680 --> 01:33:12.159
It's like That's why I mean Costco or Kirkland had

1937
01:33:12.159 --> 01:33:14.560
a lawsuit with Tailor Made because the new Kirkland golf

1938
01:33:14.560 --> 01:33:17.079
clubs were very similar to Tailor Made too much, I

1939
01:33:17.079 --> 01:33:19.239
guess with their patents. So they have a whole lawsuit

1940
01:33:19.279 --> 01:33:22.000
of it. Like Kirkland brand stuff is very good. You

1941
01:33:22.119 --> 01:33:24.960
just Costco manages to get it at a very deep discount,

1942
01:33:25.000 --> 01:33:27.000
and that's why they could sell it cheaper. What is

1943
01:33:27.319 --> 01:33:28.159
premium stuff?

1944
01:33:29.439 --> 01:33:32.880
I look at these Costco by ratings. I saw several

1945
01:33:32.880 --> 01:33:34.479
of them last week after they came out with the

1946
01:33:34.479 --> 01:33:38.039
same store sales were good. The growth rate looks like

1947
01:33:38.079 --> 01:33:40.760
it's going to be around eight percent. Stock is selling

1948
01:33:40.760 --> 01:33:44.319
at fifty four times earnings. Dean seems a little expensive.

1949
01:33:44.359 --> 01:33:47.479
Isn't it even even down ten percent? You went, God,

1950
01:33:47.560 --> 01:33:49.279
why would you? Why would you be wrecked? And I

1951
01:33:49.359 --> 01:33:52.600
understand the stores are always packed. It's a great company.

1952
01:33:52.840 --> 01:33:56.560
They do great business. Uh, they provide us with wonderful products.

1953
01:33:57.359 --> 01:34:03.800
Jesus, seems like that stock still sell the hot ye yeah,

1954
01:34:04.239 --> 01:34:09.279
never drink that's gonna go to That's what I don't think.

1955
01:34:09.319 --> 01:34:11.319
So I don't believe that one will do that.

1956
01:34:11.479 --> 01:34:13.520
Is there one thing where they say it's always.

1957
01:34:14.600 --> 01:34:17.880
The chairman says alive, they're not moving those prices. Everything

1958
01:34:17.920 --> 01:34:18.880
else will I heard that?

1959
01:34:19.039 --> 01:34:19.479
We'll see.

1960
01:34:19.840 --> 01:34:20.079
Yeah.

1961
01:34:20.880 --> 01:34:22.560
Well. The thing that also I thought was interesting this

1962
01:34:22.560 --> 01:34:24.640
week open a coming out with their own browser trying

1963
01:34:24.680 --> 01:34:27.279
to compete with Google Chrome. Yeah, I very doubt that

1964
01:34:27.319 --> 01:34:29.600
will succeed because of the clean nex effect. That's that

1965
01:34:29.760 --> 01:34:32.199
also called the network effect. We already have Chrome. I

1966
01:34:32.239 --> 01:34:33.920
don't feel like people are going to move to it,

1967
01:34:34.000 --> 01:34:36.800
but I guess we'll think AOL one point too. And

1968
01:34:36.800 --> 01:34:37.600
then we went to Gmail.

1969
01:34:37.640 --> 01:34:39.399
So but Google is like coke.

1970
01:34:39.960 --> 01:34:41.600
Okay, you want to sew them, you say, hey, I

1971
01:34:41.640 --> 01:34:43.680
want to coke, even though it might be pepsi or

1972
01:34:44.000 --> 01:34:46.520
c Okay. When you want to go ahead and find,

1973
01:34:46.640 --> 01:34:49.359
you don't say oh, you say google.

1974
01:34:49.039 --> 01:34:50.079
It and then okay.

1975
01:34:50.199 --> 01:34:52.840
And sometimes you don't even know what brows are you using,

1976
01:34:53.039 --> 01:34:54.159
but you say google it.

1977
01:34:54.159 --> 01:34:56.640
And then Google. The new Google AI is fantastic.

1978
01:34:56.720 --> 01:34:58.880
Oh yeah, I know. I just today you came up

1979
01:34:58.920 --> 01:35:00.560
with me. I was like, hey, would you like to

1980
01:35:00.640 --> 01:35:01.319
use Google Ai?

1981
01:35:01.640 --> 01:35:03.279
Quite as good to me as some of the other

1982
01:35:03.720 --> 01:35:05.600
It doesn't matter, It's very useful.

1983
01:35:05.760 --> 01:35:09.720
Jed GPT and I have a real a difficult relationship.

1984
01:35:09.760 --> 01:35:13.319
All right, we're done another show in the books. Yes,

1985
01:35:13.560 --> 01:35:15.800
so let's say goodbye. And what do we say?

1986
01:35:16.039 --> 01:35:18.439
We want you to be happy, you remember, we want

1987
01:35:18.439 --> 01:35:21.079
you to be healthy. And at the end of the day,

1988
01:35:21.119 --> 01:35:23.560
we all want to be robbing the ball