Aug. 10, 2025

Back on Top: AI Spending, Rate Cut Hopes & Market Momentum

Back on Top: AI Spending, Rate Cut Hopes & Market Momentum
The player is loading ...
Back on Top: AI Spending, Rate Cut Hopes & Market Momentum
Back on Top: AI Spending, Rate Cut Hopes & Market Momentum
Apple Podcasts podcast player badge
RSS Feed podcast player badge
Spotify podcast player badge
Amazon Music podcast player badge
Apple Podcasts podcast player icon RSS Feed podcast player icon Spotify podcast player icon Amazon Music podcast player icon

The full Greenberg Financial Group team is back on the mic for this week’s Money Matters episode and we’re breaking down the rally that sent markets surging after last week’s dip. Strong earnings, upbeat guidance, and relentless AI-driven business spending have brought stocks back to the brink of all-time highs. Is it sustainable? Is the Fed finally ready to cut rates? And how long can this AI boom keep propping up the economy?
We dive into what’s really moving the markets, why elevated rates may not matter as much right now, and the hidden signals you should be watching as we approach another potential leg up.
Plus, we share how our team builds financial plans designed to help you grow wealth and avoid costly mistakes. Don’t miss your chance to sign up for our free interactive financial planning workshop, visit greenbergfinancial.com today to secure your spot.
If you would like to contact us to learn more about our firm, our seminars, 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

1
00:00:01.520 --> 00:00:04.320
The good morning everybody. It's that time, Sunday morning right

2
00:00:04.360 --> 00:00:07.360
here on seven ninety kNs T. It's eight o'clock and

3
00:00:07.360 --> 00:00:11.080
this is Dean Greenberg with your Money Manning Show. It's

4
00:00:11.080 --> 00:00:15.080
been another good week for the markets, and it's nice

5
00:00:15.080 --> 00:00:18.320
to feel good about the markets. Why do most of

6
00:00:18.399 --> 00:00:21.879
us just not feel that great? Bottom line is because

7
00:00:21.960 --> 00:00:26.839
we know, we know we've been around this before. When

8
00:00:26.879 --> 00:00:30.079
the markets get to where it's just a certain certain

9
00:00:30.120 --> 00:00:33.719
group of stocks like technology that keep moving higher than

10
00:00:33.719 --> 00:00:37.880
at any time something could happen to turn down. But

11
00:00:37.960 --> 00:00:39.960
in the meantime this week we still had to dial

12
00:00:40.039 --> 00:00:42.560
up one percent. SMP was up two and a half,

13
00:00:43.079 --> 00:00:46.119
the Nasdaq was up almost four, Russell up two and

14
00:00:46.119 --> 00:00:49.280
a half, and the equal weighted was up point eight.

15
00:00:49.799 --> 00:00:51.479
And that's what we look at. You see the week

16
00:00:52.119 --> 00:00:57.200
the equal weighted S and P five hundred, it was

17
00:00:57.280 --> 00:01:00.960
up only one third of what the SMB five hundred dollars.

18
00:01:01.719 --> 00:01:04.319
We've seen this before, and I'm not saying it's going

19
00:01:04.359 --> 00:01:08.359
to stop, but to pile it in at this time

20
00:01:08.400 --> 00:01:11.159
because you got fomo fia of moving out, it's probably

21
00:01:11.280 --> 00:01:18.439
not the right situation right now. I'm uncomfortably bullish right now.

22
00:01:19.400 --> 00:01:23.040
I'm uncomfortable because of the evaluations. I'm uncomfortable at where

23
00:01:23.040 --> 00:01:26.040
the prices are. I'm uncomfortable because we really haven't had

24
00:01:26.079 --> 00:01:28.879
a decent pullback. We had one day when the S

25
00:01:28.920 --> 00:01:30.959
and P went down over one hundred points, and boom,

26
00:01:31.040 --> 00:01:33.760
the next few days we rallied all the way back.

27
00:01:34.040 --> 00:01:36.560
We're not back to the old highs inch a day

28
00:01:36.560 --> 00:01:39.840
over sixty four hundred, but it's kind of getting there.

29
00:01:40.959 --> 00:01:42.640
But it goes back to what I still think is

30
00:01:42.680 --> 00:01:48.599
going to happen. We're walking into August and September, so

31
00:01:48.799 --> 00:01:54.200
at best the markets stay about neutral. I think the

32
00:01:54.319 --> 00:01:57.519
markets are hard to move down right now because they

33
00:01:57.560 --> 00:02:00.120
are believing that Trump will get the Federal Reserve to

34
00:02:00.159 --> 00:02:04.480
start loan interest rates. They start loan interest rates, it's

35
00:02:04.560 --> 00:02:09.680
usually not just a one time deal. And if they

36
00:02:09.680 --> 00:02:14.240
can keep bringing interest rates down, that's good. But here's

37
00:02:14.240 --> 00:02:19.919
the problem. There are some inflationary numbers that are out

38
00:02:19.919 --> 00:02:23.599
there right now. We're going to see the terroriffts actually

39
00:02:23.639 --> 00:02:28.680
show a little bit of inflation, that doesn't mean everything crumbles,

40
00:02:28.719 --> 00:02:32.360
but what it will mean is the markets will anticipate

41
00:02:32.439 --> 00:02:34.680
maybe not loan interest rates right away by the Fed

42
00:02:35.280 --> 00:02:37.080
and that will cause us to go down right now,

43
00:02:37.120 --> 00:02:40.319
I think the markets are anticipating them to go ahead

44
00:02:40.360 --> 00:02:44.159
and do this. Now. The terriffs in some cases are

45
00:02:44.159 --> 00:02:50.199
going to hurt a few pricing models. They will and

46
00:02:50.319 --> 00:02:54.240
others they won't. But at the end of the day,

47
00:02:55.759 --> 00:02:57.759
it's what you do with the tariff money that's going

48
00:02:57.840 --> 00:03:01.840
to make the difference. We want to bring down interest

49
00:03:01.919 --> 00:03:06.280
rates so we're not spending so much money to pay

50
00:03:06.360 --> 00:03:09.599
off the deficit. We got to work on getting down

51
00:03:09.639 --> 00:03:13.439
on debt. We got to keep growing the economy. My

52
00:03:13.599 --> 00:03:17.319
fear right now is where we have stair inflation, Well,

53
00:03:17.360 --> 00:03:22.199
we have inflation without increasing the economy. That is the

54
00:03:22.240 --> 00:03:26.120
worst situation. I don't believe that's going to be the case.

55
00:03:26.319 --> 00:03:28.159
You're gonna hear that out there because you want to

56
00:03:28.199 --> 00:03:32.120
hear all the negatives. But we're gonna happen. I think

57
00:03:32.479 --> 00:03:36.599
a couple months here of volatility again. But they do

58
00:03:36.639 --> 00:03:40.240
think that any decent market moved downs five to seven

59
00:03:41.039 --> 00:03:43.599
are going to be met with buying and I think

60
00:03:43.639 --> 00:03:48.439
the fourth quarter and next year are going to do well.

61
00:03:48.759 --> 00:03:51.520
Remember if on the tariffs, that's only a one time

62
00:03:51.520 --> 00:03:54.280
price increase, It's not over and over and over again,

63
00:03:54.319 --> 00:03:56.560
it's not like every time you're going to say they

64
00:03:56.560 --> 00:03:59.319
go up three percent. It's not like every single month

65
00:03:59.319 --> 00:04:03.719
they're gonna keep going three It's a one time price increase.

66
00:04:05.719 --> 00:04:07.639
So far with Taris, we've been able to live just

67
00:04:07.680 --> 00:04:12.879
fine with it. The big thing is is what we

68
00:04:12.960 --> 00:04:17.360
got to do is look at where things are, the

69
00:04:17.480 --> 00:04:20.759
valuations of stocks, and be careful of where we're at.

70
00:04:22.360 --> 00:04:24.040
The other side of it is people that are just

71
00:04:24.079 --> 00:04:27.879
trying to buy the low valued stocks are not making

72
00:04:28.040 --> 00:04:31.920
that much money. The stocks that are moving are the

73
00:04:31.959 --> 00:04:36.279
AI stocks. We've talked about this for six months now

74
00:04:36.519 --> 00:04:38.399
on pullbacks. If you're not in, those are the ones

75
00:04:38.439 --> 00:04:41.040
you want to get in. If you're not in at all,

76
00:04:41.079 --> 00:04:43.399
you probably want a dollar cost savage in with a

77
00:04:43.399 --> 00:04:51.000
little bit. Now the video when everybody just said once twice,

78
00:04:51.040 --> 00:04:53.480
three times, they're not going to be able to increase,

79
00:04:53.519 --> 00:04:56.199
and this wasn't too recent ago, too long time ago,

80
00:04:56.759 --> 00:05:00.000
the video was down at the one oh seven level

81
00:05:02.120 --> 00:05:07.199
on to eighty something now very short period of time.

82
00:05:08.439 --> 00:05:10.160
Do I think it's going to continue higher? I do.

83
00:05:10.800 --> 00:05:14.000
I think that that companies are starting to realize the

84
00:05:14.120 --> 00:05:20.639
benefits of the money they have spent on artificial intelligence

85
00:05:20.639 --> 00:05:25.079
and how it's helping them be more productive and intuitive

86
00:05:26.399 --> 00:05:29.000
and not be able to bring on the high cost

87
00:05:29.040 --> 00:05:33.600
of labor, which is great for people that are working

88
00:05:33.920 --> 00:05:36.639
that are smart, that are in the industries that people

89
00:05:36.720 --> 00:05:39.160
need labors, because if you're good, you're going to get

90
00:05:39.199 --> 00:05:42.240
in pay increases because it's going to be off set

91
00:05:42.319 --> 00:05:45.800
with AI being able to take over for one or

92
00:05:45.800 --> 00:05:50.720
two other extra employees. You see that right now, if

93
00:05:50.759 --> 00:05:53.680
you're good, you get rewarded. Those that are really good

94
00:05:54.199 --> 00:05:59.720
with AI are getting hundreds of millions of dollars up

95
00:05:59.720 --> 00:06:03.879
front money, basically like an athlete does contract to move

96
00:06:04.439 --> 00:06:10.519
from Apple or Google or any take any of the

97
00:06:10.519 --> 00:06:13.600
big companies, and Meta is paying out big bucks right now.

98
00:06:14.439 --> 00:06:17.439
If you know what you're doing. They are all in

99
00:06:17.560 --> 00:06:21.519
on AI. Everyone's in on AI, and it's pretty incredible

100
00:06:21.519 --> 00:06:24.639
on some of the things they can do. I saw

101
00:06:24.680 --> 00:06:27.240
the other day on AI that you know, the new

102
00:06:29.680 --> 00:06:40.879
CP what is it? Yeah, I know, coming out and

103
00:06:40.879 --> 00:06:43.319
then you just put in and say I want to

104
00:06:43.399 --> 00:06:46.079
learn French. Give it to me and it'll give you

105
00:06:46.800 --> 00:06:49.399
an app. We'll create an app for you that you

106
00:06:49.399 --> 00:06:55.519
can learn French that quickly. Those are the things that

107
00:06:55.600 --> 00:07:03.839
are positive about chat GPT. Okay, that's what's effective about

108
00:07:03.879 --> 00:07:07.800
doing things like that. Yes, we know, it's really the

109
00:07:07.879 --> 00:07:10.720
scams that are out there incredible right now, I get that.

110
00:07:10.839 --> 00:07:13.800
Be smart. If you have any doubt, just say no

111
00:07:13.959 --> 00:07:16.279
to look at until someone actually picks up the phone

112
00:07:16.560 --> 00:07:19.439
and says, hey, I've been sending you this, why haven't

113
00:07:19.439 --> 00:07:31.160
you responded? Chat GPT is changing the world. AI computers,

114
00:07:31.399 --> 00:07:34.000
the quantum computers that are down the road to changing

115
00:07:34.000 --> 00:07:38.519
the world. Drive you know, driverless cars are going to

116
00:07:38.600 --> 00:07:42.360
change the world, just like we did with the cell phones.

117
00:07:42.439 --> 00:07:46.399
We're in that type of frame right now, framework for

118
00:07:46.519 --> 00:07:49.639
the next three to five years of supergrowth and then

119
00:07:49.680 --> 00:07:53.079
the next five to seven years after that. So I

120
00:07:53.120 --> 00:07:56.399
think we got a good ten to twelve more great

121
00:07:56.480 --> 00:08:00.360
years before it becomes more of a commodity. Be even

122
00:08:00.399 --> 00:08:07.360
longer fifteen years. Look for the opportunities. If you're in

123
00:08:07.399 --> 00:08:09.439
the market trying to make money, now you don't have

124
00:08:09.439 --> 00:08:12.040
to buy individual stocks. You can buy the ETFs, you

125
00:08:12.040 --> 00:08:16.560
can buy the Nasdaq one hundred. You'll be able to

126
00:08:16.600 --> 00:08:18.560
be part of it. Your dollar cost average in If

127
00:08:18.560 --> 00:08:22.160
you're not in, you can't get over the aggressive. There's

128
00:08:22.199 --> 00:08:26.519
always risk with everything you do remember that there's always risk,

129
00:08:26.600 --> 00:08:29.959
so you have to allocate and change. So why am

130
00:08:29.959 --> 00:08:36.320
I uncomfortable the bullish Because I'm bullish in the areas

131
00:08:36.320 --> 00:08:39.759
that I think are going to grow. Not only is

132
00:08:39.759 --> 00:08:44.799
it AI and technology, but it's energy that's going to

133
00:08:44.840 --> 00:08:53.639
supply to the AI. And it's also the rare earth

134
00:08:54.039 --> 00:08:58.159
mineral stocks that have been doing great. And I think

135
00:08:58.200 --> 00:09:04.279
pipeline companies are going to start doing well again gas oil.

136
00:09:06.080 --> 00:09:09.039
Not the gas companies, not like you know, the exons

137
00:09:09.039 --> 00:09:11.519
and stuff like that, they'll do okay, I'm talking about

138
00:09:11.519 --> 00:09:14.440
the transportation company, the ones that are going to increase

139
00:09:16.279 --> 00:09:20.519
biome that get paid for everything that goes through their pipelines.

140
00:09:21.080 --> 00:09:28.120
Because if we keep going ahead and increasing our output

141
00:09:28.440 --> 00:09:31.200
of oil and gas to Europe with the deals that

142
00:09:31.320 --> 00:09:35.440
Trump has made, even if oil prices are done, you

143
00:09:35.480 --> 00:09:37.639
still have to pay the tax to get through the toll,

144
00:09:37.919 --> 00:09:44.720
which is the pipeline. It's that simple. So be smart.

145
00:09:44.759 --> 00:09:47.120
Be in the areas that you think are the best,

146
00:09:47.360 --> 00:09:50.600
and that's where you put your risk capital to that's

147
00:09:50.639 --> 00:09:54.519
how you do it. And the other more conservative areas

148
00:09:54.519 --> 00:09:58.480
you're in you're in bombs, you're in fixed income, you're

149
00:09:58.480 --> 00:10:04.159
in things that aren't doing go aren't the most volatile ones.

150
00:10:05.480 --> 00:10:08.600
Remember there's always the ETFs. The ets will always help

151
00:10:08.679 --> 00:10:17.279
you in these type markets. So on the global front,

152
00:10:20.559 --> 00:10:25.039
we see Trump's really trying to push the end wars.

153
00:10:25.600 --> 00:10:29.720
You see him with Ukraine and Putin and Russia and

154
00:10:29.759 --> 00:10:31.639
he's trying to get them to the table. I said, no,

155
00:10:31.720 --> 00:10:34.320
he's gonna meet with Putin again. Who knows how long

156
00:10:34.399 --> 00:10:37.399
that's going to take. But I like the strategy of

157
00:10:37.679 --> 00:10:41.519
getting NATO to put some pressure on getting Ukraine what

158
00:10:41.559 --> 00:10:45.840
they need, mostly because I do believe peace through strength.

159
00:10:47.600 --> 00:10:51.879
When somebody believes there could be at a weaker position,

160
00:10:52.440 --> 00:10:56.799
the more apt to open up and talk and discuss peace.

161
00:10:59.519 --> 00:11:01.679
If you're going to make it hard for Russia to

162
00:11:01.799 --> 00:11:07.879
sell their oil to our allies, Russia is going to

163
00:11:07.919 --> 00:11:11.320
be hurting for money, Their economy is going to be hurting,

164
00:11:12.320 --> 00:11:14.039
and they won't be able to keep the war going.

165
00:11:15.600 --> 00:11:17.279
First of all, there should be no war, I mean,

166
00:11:17.320 --> 00:11:19.679
if you think about it where we are, but that's

167
00:11:19.679 --> 00:11:23.440
what happens. Then on the other side, in the Middle East,

168
00:11:24.720 --> 00:11:30.879
you saw that Israel decided to clean out Gaza. This

169
00:11:30.919 --> 00:11:35.600
is what they've been thinking about the last year let's

170
00:11:35.679 --> 00:11:42.320
separate the Palestinian good people from Hamas. But if the

171
00:11:42.360 --> 00:11:44.960
Palestinian good people do not get out of the way

172
00:11:45.000 --> 00:11:50.480
of Hamas and Amasa is going to keep them there

173
00:11:50.480 --> 00:11:52.360
and kill them, they are the ones that are on

174
00:11:52.399 --> 00:11:56.360
the hook there because as long as Hamas does not

175
00:11:56.519 --> 00:11:59.720
want to make a deal, and that should be, I'll

176
00:11:59.720 --> 00:12:04.039
give you all your prison is back, dead and alive.

177
00:12:05.720 --> 00:12:11.879
We'll return everybody for a peace deal. They say that

178
00:12:12.039 --> 00:12:16.960
Israel is the one that isn't humanitarian and they're doing

179
00:12:17.000 --> 00:12:20.759
this and this. It's a mass that's doing it. It's

180
00:12:20.799 --> 00:12:24.279
her moss that's not released some prisoners. It's a moss

181
00:12:24.600 --> 00:12:30.519
that uses people, their own people, the Palestinians, as human shields.

182
00:12:30.840 --> 00:12:34.759
It's a moss that kills the Palestinians if they don't

183
00:12:34.759 --> 00:12:37.639
go ahead and do what they want. It's a moss

184
00:12:37.960 --> 00:12:42.480
that's not letting it humanitarian aid get to the people

185
00:12:42.519 --> 00:12:47.639
that need it. So, yes, I do believe we need

186
00:12:47.679 --> 00:12:52.799
to wipe out a moss. We put I Ran on

187
00:12:52.879 --> 00:12:56.080
the back burner. We've been working, We've worked with Syria.

188
00:12:56.919 --> 00:12:59.639
Let's get some peace over there, wouldn't that be nice.

189
00:13:00.120 --> 00:13:01.720
The only way you're going to do it is if

190
00:13:01.759 --> 00:13:04.080
you get to bad actors in a very weak position

191
00:13:04.519 --> 00:13:07.039
where they can't do it. The whole idea is Israel

192
00:13:07.080 --> 00:13:09.519
doesn't want to go back in and occupy that, but

193
00:13:09.559 --> 00:13:11.360
they do not want to leave it as a separate

194
00:13:11.399 --> 00:13:15.039
state to the Palestinians who are going to let Hamas

195
00:13:15.120 --> 00:13:20.279
run it. They need to get people in Egyptian into

196
00:13:20.399 --> 00:13:25.320
the Gaza strip that are friendly to Israel so you

197
00:13:25.360 --> 00:13:27.519
don't have to wake up every morning and wondering if

198
00:13:27.559 --> 00:13:33.120
you're going to get kidnapped, bombed, or killed or invaded

199
00:13:33.200 --> 00:13:37.440
for that matter, like they were before. I get it

200
00:13:37.480 --> 00:13:41.360
that people don't like net and Yahu and their government,

201
00:13:41.679 --> 00:13:44.799
no different than most of us don't like our governments

202
00:13:45.039 --> 00:13:49.519
or different governments, because the governments are there for who themselves.

203
00:13:49.559 --> 00:13:52.159
We know that, we see it. There's so much corruption.

204
00:13:52.639 --> 00:13:55.799
You're dealing with Ukraine, you're dealing with Iran, you're dealing

205
00:13:55.840 --> 00:13:58.960
with Russia, you're dealing with Israel, and you're dealing with ourselves.

206
00:14:00.159 --> 00:14:03.960
There's corruption left and right. But we got to live

207
00:14:04.000 --> 00:14:06.759
in this world of corruption to try to get the

208
00:14:06.759 --> 00:14:10.399
most peace so you and I can live our lives

209
00:14:11.440 --> 00:14:15.799
as best we can. That's why we invest. That's why

210
00:14:15.840 --> 00:14:19.600
we work. That's why we do the things we do. Now,

211
00:14:21.679 --> 00:14:27.600
let's go back to the terrort situation. I love the

212
00:14:27.679 --> 00:14:30.080
fact that Trump will continue to come up with ideas,

213
00:14:30.080 --> 00:14:32.639
whether they get fulfilled or not. At the end of

214
00:14:32.720 --> 00:14:35.720
the day, he can't just keep making executive orders. Congress

215
00:14:35.720 --> 00:14:39.919
has got to do something, and frankly, they don't do much.

216
00:14:41.080 --> 00:14:42.799
They think they do, and then they get these big

217
00:14:42.840 --> 00:14:44.879
bills and there's so much crap in them that nobody

218
00:14:44.919 --> 00:14:51.679
even knows what's going on. But you heard what he said.

219
00:14:52.279 --> 00:14:54.320
He wants to get to the point that we make

220
00:14:54.480 --> 00:14:58.840
enough money off tariffs so people that earn less than

221
00:14:58.879 --> 00:15:04.279
two hundred thousand dollars will not pay any taxes, will

222
00:15:04.279 --> 00:15:07.320
not pay any federal taxes if you make two hundred

223
00:15:07.360 --> 00:15:13.480
thousand dollars adjusted and come or less. Now, how about that?

224
00:15:15.639 --> 00:15:21.200
How about that for thinking outside that box, using the

225
00:15:21.279 --> 00:15:24.039
tariffs to offset taxes for the people that make less

226
00:15:24.039 --> 00:15:26.399
than two hundred thousand dollars. I don't know what the

227
00:15:26.440 --> 00:15:30.559
rest of the scale would be and stuff, but come

228
00:15:30.639 --> 00:15:32.799
up with the concept and then try to make it work.

229
00:15:34.039 --> 00:15:36.559
Stop saying, no, we just got to tax the rich,

230
00:15:37.200 --> 00:15:40.559
tax the billionaires. You know, We've gone through this to

231
00:15:40.639 --> 00:15:45.879
a nauseum. You don't need to keep talking about taxing

232
00:15:45.879 --> 00:15:48.720
the billionaires. They're already taxed the best they're going to do.

233
00:15:48.799 --> 00:15:51.200
You want to tax them more, you need to check

234
00:15:51.399 --> 00:15:55.799
change the tax code. We all know that, but Congress

235
00:15:55.840 --> 00:15:57.679
is too afraid to do it because where do they

236
00:15:57.679 --> 00:16:02.000
get the money from the billionaires? So they talk a

237
00:16:02.000 --> 00:16:08.799
big game but never follow through. The moreolved, more interested

238
00:16:08.840 --> 00:16:11.840
in listening to who's in the Epstein files, who's in

239
00:16:11.879 --> 00:16:16.000
those Epstein lists, and all this other stuff. Just like

240
00:16:16.080 --> 00:16:19.399
everybody else. I would love to be interested in it,

241
00:16:19.519 --> 00:16:23.480
just because you want to see because of curiosity. Is

242
00:16:23.519 --> 00:16:26.480
it going to change your life? Of my life? No,

243
00:16:28.840 --> 00:16:33.440
might change some corporate executives, it might change some politicians.

244
00:16:34.879 --> 00:16:38.120
But what if your name is on there and you

245
00:16:38.200 --> 00:16:41.960
never really did anything. Well if your name is on

246
00:16:42.000 --> 00:16:44.360
there because you're friends with Epstein, like Trump, they say

247
00:16:44.519 --> 00:16:47.080
is and all these other people because if at parties

248
00:16:47.080 --> 00:16:49.240
they had pictures. Think about how many parties you go

249
00:16:49.279 --> 00:16:51.759
to and you take pictures with people that you don't

250
00:16:51.799 --> 00:16:56.600
even really I'm friends with your acquaintances, and then somebody

251
00:16:56.600 --> 00:16:59.080
goes out and does something and now you tied into

252
00:16:59.159 --> 00:17:01.799
it because they say you were with that pedophile. That

253
00:17:01.840 --> 00:17:04.759
guy got brought up for pedal being a pedophile, and

254
00:17:04.799 --> 00:17:07.400
I see your arm around him, that must be you two.

255
00:17:09.359 --> 00:17:11.720
So there are things that we got to be concerned about.

256
00:17:12.079 --> 00:17:14.640
Just because you see different names of different things. It's

257
00:17:14.680 --> 00:17:18.720
no doubt Epstein was a creep who loved the blackmail people.

258
00:17:19.079 --> 00:17:23.200
Any blackmailed people through the weakness of men and women

259
00:17:23.319 --> 00:17:27.039
with sex. That's what he did. He capitalized on that,

260
00:17:28.359 --> 00:17:32.440
knowing that if he gets that and gets information on people,

261
00:17:32.720 --> 00:17:37.400
that's where he got his power. I think it's a

262
00:17:37.400 --> 00:17:43.079
little bit, you know, pretty disgusting. And I think that

263
00:17:43.119 --> 00:17:45.279
if there were people on there that can be proven

264
00:17:46.359 --> 00:17:51.400
that were with underage children, they should be put in jail,

265
00:17:51.440 --> 00:17:55.000
no matter what age they are now, if it could

266
00:17:55.000 --> 00:17:58.119
be proven. Have you ever thought the fact that we

267
00:17:58.200 --> 00:18:02.279
don't see any pictures of anybody from the island actually

268
00:18:02.319 --> 00:18:05.359
on the island. Sure you get him in in his plane.

269
00:18:05.400 --> 00:18:08.240
His plane went all over the place. Sure you get

270
00:18:08.319 --> 00:18:11.599
him at maybe Palm Beach or New York, but that's

271
00:18:11.680 --> 00:18:18.799
not the island. We're supposedly almost everything took place. So

272
00:18:19.400 --> 00:18:22.279
I don't know. I like to move on from that

273
00:18:22.559 --> 00:18:25.599
put out the list. Let it fall where it falls.

274
00:18:26.400 --> 00:18:29.000
But that's not gonna change us. What's gonna change us

275
00:18:29.119 --> 00:18:31.920
is interest rates coming down. What's gonna change us is

276
00:18:32.079 --> 00:18:36.039
having these wars come to a peaceful end. What's gonna

277
00:18:36.039 --> 00:18:38.640
happen is by US having trade agreements with Europe and

278
00:18:38.720 --> 00:18:42.480
Japan and Vietnam that becomes solidified. I know most of

279
00:18:42.519 --> 00:18:45.880
them are outlying papers. Let's solidify them. Let's get things done.

280
00:18:47.359 --> 00:18:50.880
Those are the important things. Let's cut our deficit, Let's

281
00:18:50.880 --> 00:18:53.960
cut our debt. Don't know ways you do it is

282
00:18:54.000 --> 00:18:57.599
my low on interest rates. Let's grow the economy. Let's

283
00:18:57.640 --> 00:19:02.799
cut taxes. Let people feel like they have money again

284
00:19:03.200 --> 00:19:07.240
to do the things they want. Obviously, with the markets

285
00:19:07.319 --> 00:19:11.279
up close to all time highs, you don't see anybody

286
00:19:11.319 --> 00:19:14.720
on the left saying, look at us. He's crushing you,

287
00:19:15.039 --> 00:19:17.400
he's killing your fall one K plan. He doesn't care

288
00:19:17.480 --> 00:19:21.839
about you. He only cares about the rich. You ever

289
00:19:21.880 --> 00:19:23.680
take a look at your Form one K plan from

290
00:19:23.720 --> 00:19:26.720
the end of June. Pretty damn good since the last

291
00:19:26.799 --> 00:19:31.519
quarter when everybody was bitching. But you don't hear anyone

292
00:19:31.559 --> 00:19:34.640
talk about that. So I don't know about you. I

293
00:19:34.680 --> 00:19:39.599
am tired of even giving the negatism that's out there

294
00:19:40.240 --> 00:19:43.200
the time of day anymore. I want to think about

295
00:19:43.240 --> 00:19:46.559
positive things. I want to see good things happen. Are

296
00:19:46.559 --> 00:19:48.400
they going to be mess ups? Of course there are?

297
00:19:48.559 --> 00:19:50.519
Are there going to be gas, of course they are.

298
00:19:53.240 --> 00:19:55.680
But at least you have a president now that will

299
00:19:55.720 --> 00:19:58.720
take as many questions that you want to ask off

300
00:19:58.759 --> 00:20:01.960
the cuff. When he's there in the time walking to

301
00:20:02.119 --> 00:20:07.599
the to his airplane doing a conference with something totally different,

302
00:20:07.759 --> 00:20:09.920
he answers most of the questions and he tells you

303
00:20:10.279 --> 00:20:13.559
what he thinks. You can think what you want about it.

304
00:20:13.599 --> 00:20:16.160
But you know what, at least he's talking about things

305
00:20:16.200 --> 00:20:20.240
you think he's lying, prove it, you know what. At

306
00:20:20.279 --> 00:20:23.559
the end of the day, both sides can be say

307
00:20:23.640 --> 00:20:28.720
they lie, but if you really think about it, everything

308
00:20:28.799 --> 00:20:32.359
has a little truth to it. And everything's exaggerated on

309
00:20:32.440 --> 00:20:39.559
both sides, exaggerated everything that every negative that they try

310
00:20:39.640 --> 00:20:42.359
to say that Trump is lying about, there is some

311
00:20:42.480 --> 00:20:45.599
type of truth to something, part of that something there

312
00:20:45.759 --> 00:20:49.680
and his exaggeration no different than Biden, no different than Obama,

313
00:20:50.000 --> 00:20:54.759
no different than Bush, no different than Clinton. They all

314
00:20:54.759 --> 00:21:00.720
do it. It's impossible to know everything all the time.

315
00:21:00.759 --> 00:21:04.000
Of everything's going on with every question, But you do

316
00:21:04.079 --> 00:21:08.799
hear certain things and understand certain things, and there's embellishment.

317
00:21:08.880 --> 00:21:14.960
That always happens because that's what goes on, and that's okay,

318
00:21:15.559 --> 00:21:18.440
doesn't mean the lying. It means that now we do

319
00:21:18.519 --> 00:21:25.359
have some lying going on. Absolutely, they keep bringing people

320
00:21:25.400 --> 00:21:29.799
in we were duped. Nobody wants to come straight out

321
00:21:29.839 --> 00:21:34.160
and say, yes, Biden's deterioration, Okay, fine, it was over

322
00:21:34.200 --> 00:21:37.759
the two interiors in the four years, but they were

323
00:21:37.759 --> 00:21:40.799
putting him up for president again. If he won, they

324
00:21:40.839 --> 00:21:43.839
would have allowed this to happen. If they believed he

325
00:21:43.839 --> 00:21:46.599
could have been part of this thing where he could

326
00:21:46.640 --> 00:21:50.720
have done this thing where it actually would have beat Trump,

327
00:21:51.839 --> 00:21:54.599
they would have kept him in and we would have

328
00:21:54.599 --> 00:21:57.440
gone through the same thing again. So who is not

329
00:21:57.720 --> 00:22:02.400
caring enough about the American people? That is the people

330
00:22:02.440 --> 00:22:06.559
that are in charge behind the scenes. They keep bringing

331
00:22:06.640 --> 00:22:11.160
up term limits, which I don't know why we don't

332
00:22:11.200 --> 00:22:13.559
have them. I've said this for so long. We have

333
00:22:13.640 --> 00:22:17.039
term limits on the president, we have term limits on governors.

334
00:22:17.519 --> 00:22:21.720
Why don't we have term limits on Congress? And they're

335
00:22:21.720 --> 00:22:24.759
going to vote about it themselves. How are you asking them?

336
00:22:25.200 --> 00:22:28.400
It's like when they vote for their increase. Could you

337
00:22:28.440 --> 00:22:32.519
imagine being in the situation where you know it's just

338
00:22:32.559 --> 00:22:37.039
coming from taxpayers. Do you want an increase? Yes or no?

339
00:22:37.400 --> 00:22:39.559
Of course they're going to say yes. Why would they

340
00:22:39.559 --> 00:22:42.720
say no and no one can stop it? Same thing

341
00:22:42.759 --> 00:22:47.960
with term limits? Why would the current people in Congress

342
00:22:48.200 --> 00:22:51.519
vote for term limits that limits what they can do?

343
00:22:54.519 --> 00:22:56.960
The one thing I do see that's getting some traction,

344
00:22:57.079 --> 00:22:59.839
which is good. A lot of people are saying, yeah,

345
00:23:00.200 --> 00:23:03.839
you're probably right. We shouldn't be being able to trade

346
00:23:03.880 --> 00:23:07.839
individual companies and stocks and things like that. We should

347
00:23:07.920 --> 00:23:12.119
have all we should have that blind trust or indexes

348
00:23:12.160 --> 00:23:15.880
and things. How about start there. I know I'm sick

349
00:23:15.920 --> 00:23:17.960
and tired of watching these people come in with no money,

350
00:23:18.000 --> 00:23:20.599
make one hundred and fifty thousand dollars and end up

351
00:23:20.640 --> 00:23:24.119
with thirty forty sixty million dollars or hundreds of millions

352
00:23:24.160 --> 00:23:28.759
of dollars down the road. How are they doing that?

353
00:23:29.440 --> 00:23:34.319
Think about it? So wrapping this up? This is what

354
00:23:34.359 --> 00:23:39.559
I see. I see we've been going through the tarraffs.

355
00:23:39.599 --> 00:23:43.240
We've been getting deals done. That's pretty good. I see

356
00:23:43.519 --> 00:23:46.920
a little inflation coming in that's not so good. I

357
00:23:46.960 --> 00:23:51.000
see the markets pretty close all time highs. Again, the

358
00:23:51.039 --> 00:23:54.119
evaluations aren't there. The markets are expecting things good that

359
00:23:54.200 --> 00:23:56.640
we could go a little higher. But I'm a buyer

360
00:23:56.680 --> 00:23:58.759
on a move down, not on a buyer of a

361
00:23:58.799 --> 00:24:02.079
move up. And you know, it doesn't have to be

362
00:24:02.799 --> 00:24:06.319
just the overall market. Individual stocks like a m D

363
00:24:06.480 --> 00:24:09.039
which was doing so great that got blasted for fourteen

364
00:24:09.079 --> 00:24:11.559
points in one day, and then it's all the way

365
00:24:11.559 --> 00:24:15.400
back up plus making new heis again. There's opportunities there

366
00:24:15.400 --> 00:24:23.920
if you wait overall, be cautious, be optimistic, and and

367
00:24:24.160 --> 00:24:29.079
invest uncomfortably, which means investing the things that we have

368
00:24:29.519 --> 00:24:34.319
for the future, and and and and keep yourself mitigating

369
00:24:34.359 --> 00:24:36.519
risks the entire time, and you'll get through it. Thank

370
00:24:36.559 --> 00:24:39.200
you for listening. We'll be back with the crew. This

371
00:24:39.279 --> 00:24:44.799
is the moneymut Of Show with Dean Greenberg. Welcome back.

372
00:24:44.839 --> 00:24:47.119
Everybody is the Money Matter Show and gets who we

373
00:24:47.200 --> 00:24:50.000
got today? Every by day, we got a day, we

374
00:24:50.039 --> 00:24:54.119
got a Dylan, we got a Todd, a Sebastian and myself.

375
00:24:53.720 --> 00:24:55.920
And all we've needed over the last couple of months

376
00:24:55.960 --> 00:24:59.160
to have everybody is to have you where have you

377
00:24:59.240 --> 00:25:00.960
been being traveling?

378
00:25:02.119 --> 00:25:05.839
But you know what today's technology. I've done my monologues.

379
00:25:06.359 --> 00:25:10.759
You have unique places. No, it's unbelievable. It's really cool.

380
00:25:11.039 --> 00:25:13.079
And and you've been in touch with the business. There's

381
00:25:12.920 --> 00:25:16.759
nothing near. You miss nothing because you're in touch.

382
00:25:17.400 --> 00:25:21.839
Well, yes, I mean with all you always know what's

383
00:25:21.880 --> 00:25:24.799
going on. I mean, you know whether I'm here, or

384
00:25:25.000 --> 00:25:27.839
I'm in Europe, or I'm in Australia, wherever it is.

385
00:25:28.680 --> 00:25:30.440
Every time I pick up my phone, I'm looking what

386
00:25:30.440 --> 00:25:33.160
the markets are doing, what the news is are doing.

387
00:25:33.319 --> 00:25:35.680
They're back in the day selling May and go away. Yeah,

388
00:25:35.799 --> 00:25:38.359
because the money manager will go to go to the Hamptons.

389
00:25:38.440 --> 00:25:40.799
They had no connectivity and so they just go to

390
00:25:40.880 --> 00:25:43.599
cash for the summer. Those days are those days are

391
00:25:43.640 --> 00:25:46.720
long gone, but they're good. The big news this week,

392
00:25:46.759 --> 00:25:49.599
I think, frankly, is that the black hole that is

393
00:25:49.640 --> 00:25:51.960
summer sports ye is about to end.

394
00:25:52.559 --> 00:25:54.000
Preseason football is about da.

395
00:25:54.160 --> 00:25:57.640
We've got college football in two weeks, real college football

396
00:25:57.680 --> 00:26:01.039
to count. Got the NFL shortly thereafter, starting on my birthday.

397
00:26:01.160 --> 00:26:03.480
Thank you for that. There's a birthday present for you.

398
00:26:03.799 --> 00:26:06.680
And between now and then, we've got the Little League

399
00:26:06.720 --> 00:26:10.759
World Series starting on Wednesday. How much fun is that?

400
00:26:10.839 --> 00:26:14.720
I watched the game on Wednesday. Utah scores eight runs

401
00:26:14.720 --> 00:26:16.960
in the top of the first ended up losing on

402
00:26:17.000 --> 00:26:19.519
the ten run rule in the fifth, twenty two to twelve.

403
00:26:19.880 --> 00:26:22.200
I mean, you're not gonna see that in the major leagues.

404
00:26:23.079 --> 00:26:23.920
Once in a while, you do.

405
00:26:24.160 --> 00:26:25.759
It's just a lot of fun. It's just a lot

406
00:26:25.759 --> 00:26:27.759
of fun to watch the Little League World Series. So

407
00:26:27.759 --> 00:26:31.599
I'm saying, turn off CNN, turn off Fox, turn off MSNBC,

408
00:26:32.039 --> 00:26:34.400
turn on the Little League World Series. Your life will

409
00:26:34.440 --> 00:26:35.240
be better. I promise.

410
00:26:35.279 --> 00:26:37.240
They've have known you for about twenty five years. You

411
00:26:37.279 --> 00:26:38.599
watch that Little League World Series.

412
00:26:38.680 --> 00:26:40.400
You know, I don't watch you get excited, but I'll

413
00:26:40.400 --> 00:26:42.400
watch it religiously. And I don't get excited, but I

414
00:26:42.480 --> 00:26:44.640
enjoy it because you bring it in every year. It's

415
00:26:44.640 --> 00:26:47.359
like the NCAA Tournament. Though there's been like five six

416
00:26:47.440 --> 00:26:50.680
games every day this week. It's been fantastic. I mean,

417
00:26:50.720 --> 00:26:51.880
it's just a great background.

418
00:26:51.920 --> 00:26:55.440
How much baseball have you guys watched? Dylan Zero Todd.

419
00:26:55.440 --> 00:26:58.839
I watch a good amount of baseball, buttle Leg World Series.

420
00:26:58.960 --> 00:26:59.599
I watching it.

421
00:27:00.039 --> 00:27:00.359
That's fun.

422
00:27:00.400 --> 00:27:01.880
I mean I do watch it when it gets into

423
00:27:02.039 --> 00:27:04.720
like the end there the last few games because it's watched.

424
00:27:04.920 --> 00:27:07.359
I love watching this kid that's twelve years old, that's

425
00:27:07.400 --> 00:27:09.480
six foot four pounds.

426
00:27:09.519 --> 00:27:10.000
Is that amazing?

427
00:27:10.039 --> 00:27:10.839
Where do they come from?

428
00:27:10.960 --> 00:27:13.799
Is that amazing? There's a couple of six footers. Iwa

429
00:27:14.079 --> 00:27:16.559
these twelve year olds. A couple of six footers, these

430
00:27:16.599 --> 00:27:19.319
twelve year olds. It's that pretty darn amazing. The thing

431
00:27:19.359 --> 00:27:21.319
that hit me the most, Dean. You know, we've got

432
00:27:21.720 --> 00:27:26.079
UH inflation edging higher. Interest rates are trying to drop,

433
00:27:26.079 --> 00:27:29.079
but now they're working their way back up. We've got

434
00:27:29.119 --> 00:27:32.960
slowing growth, the ism almost one negative, the ism services

435
00:27:33.039 --> 00:27:38.279
almost one negative. Fifty point one, anything under fifty is negative.

436
00:27:39.480 --> 00:27:43.119
We've got a slowing economy. We've got interest rates that

437
00:27:43.839 --> 00:27:48.640
are sticking. Are pretty sticky. On the upside, the market

438
00:27:48.680 --> 00:27:52.359
keeps setting new heights. Don't fight the tape. You know,

439
00:27:52.640 --> 00:27:54.759
I've heard that for forty years. Don't fight the tape.

440
00:27:55.119 --> 00:27:58.680
The market wants to go higher. Should it be going higher? Now?

441
00:27:58.960 --> 00:28:02.119
We'll decide that later, but just don't fight the tape.

442
00:28:02.559 --> 00:28:02.799
Yeah.

443
00:28:02.839 --> 00:28:05.039
Earnings reports have continued to come in this week. We

444
00:28:05.079 --> 00:28:08.559
had over a thousand companies throughout the marketplace report, and

445
00:28:09.519 --> 00:28:12.000
what really stuck out was the guidance the guidance are

446
00:28:12.039 --> 00:28:15.359
is some companies reporting, we couldn't expect it, but most

447
00:28:15.400 --> 00:28:19.880
are coming in line or reinstating or raising guidance. We

448
00:28:19.920 --> 00:28:22.079
saw that at a pollunteer and some other companies, and

449
00:28:22.160 --> 00:28:26.240
it's helping propel markets. And another big market mover this

450
00:28:26.319 --> 00:28:29.720
week because of how big it is is Apple thirteen

451
00:28:29.759 --> 00:28:33.359
point three percent up this week. Finally made Trump happy

452
00:28:33.599 --> 00:28:36.680
and with Apple being the second le well third largest

453
00:28:36.680 --> 00:28:39.200
company now it's crazy that they're the third largest company now,

454
00:28:39.599 --> 00:28:41.759
but they're going to make a big market move if

455
00:28:41.759 --> 00:28:43.920
they're going up. I mean, if you see mags this week,

456
00:28:44.519 --> 00:28:48.720
the mag seven ETF that was up way more than

457
00:28:49.039 --> 00:28:50.880
the S and P five hundred. You can see that

458
00:28:50.920 --> 00:28:53.680
in the Nasdaq itself. It's up three point nine this week.

459
00:28:53.720 --> 00:28:57.720
The SMP was up two point four. Technology reigns supreme

460
00:28:57.759 --> 00:28:59.480
this week and it wasn't even close.

461
00:28:59.720 --> 00:29:02.279
No, no, And it's been that way for a month.

462
00:29:03.000 --> 00:29:05.359
It's a very a few years now. Yeah, it's a

463
00:29:05.400 --> 00:29:06.279
very narrow video.

464
00:29:06.319 --> 00:29:08.400
Ever since the videos started going up a lot. The

465
00:29:08.440 --> 00:29:11.839
Magnificent seven, which is the MASITF that's been a couple

466
00:29:11.880 --> 00:29:14.079
of years now that has been running the markets. Apple

467
00:29:14.119 --> 00:29:16.160
added four hundred and fifteen billion dollars to his market

468
00:29:16.160 --> 00:29:18.240
cap last week. It's been dead in the water all year.

469
00:29:18.240 --> 00:29:20.720
It's been down about twenty percent. Nothing good news, and

470
00:29:20.759 --> 00:29:23.160
then out of nowhere, Tim Cook meets at the White

471
00:29:23.160 --> 00:29:25.559
House says they're going to put an extra one hundred

472
00:29:25.599 --> 00:29:30.079
billion dollars into US investment to start a manufacturing teaching

473
00:29:30.119 --> 00:29:32.960
school type of thing in the Midwest, on top of

474
00:29:32.960 --> 00:29:35.599
the five hundred billion that they're already pledged to invest

475
00:29:35.640 --> 00:29:38.319
in the US. So they're really diving into the getaway

476
00:29:38.319 --> 00:29:41.519
from terrafts and make the administration happy. There was something

477
00:29:41.559 --> 00:29:44.559
about making the iPhones not in the US, but getting

478
00:29:44.599 --> 00:29:46.799
around the tariffs. I think it was a compromise that

479
00:29:46.839 --> 00:29:48.720
they had that those two had.

480
00:29:48.920 --> 00:29:52.480
So Trump backed off on his Trump phone, right, that's

481
00:29:52.519 --> 00:29:52.960
not coming.

482
00:29:53.400 --> 00:29:54.079
Yeah, I haven't heard it.

483
00:29:54.720 --> 00:29:57.680
No, that's because of the conversation. You haven't cooked backed

484
00:29:57.680 --> 00:30:03.160
off of the There's no more gold gold plated Trump

485
00:30:03.200 --> 00:30:06.400
phone coming out, at least temporarily, and who knows, maybe

486
00:30:06.400 --> 00:30:08.599
that next week and it'll all change next week.

487
00:30:09.119 --> 00:30:11.200
Well, yeah, I mean Apple, Apple's a big company, has

488
00:30:11.200 --> 00:30:13.319
a big market mover and had a great week for

489
00:30:13.359 --> 00:30:16.000
the first time this year, really the first.

490
00:30:15.759 --> 00:30:18.680
Time in a long time. It's really has been dead mine.

491
00:30:18.680 --> 00:30:21.000
I think the bottom on that was what one sixty

492
00:30:21.960 --> 00:30:27.440
and now we're back to two twenty two eighties, the

493
00:30:27.480 --> 00:30:31.000
fifty two weeks high, like really just like that.

494
00:30:31.440 --> 00:30:34.160
Yeah, and the mag's across the line are doing really

495
00:30:34.160 --> 00:30:38.319
well this week. Tesla was up almost nine percent this week.

496
00:30:38.599 --> 00:30:41.200
Not really any big news, just probably more of a

497
00:30:41.279 --> 00:30:44.119
technical It's a trader's haven right there.

498
00:30:44.200 --> 00:30:46.599
So I don't agree. I don't agree with that. There

499
00:30:46.640 --> 00:30:49.599
was what you see there was big news, would you see? Uh,

500
00:30:50.400 --> 00:30:56.119
the Elon Musk got the ninety six what ninety six

501
00:30:56.160 --> 00:30:59.680
million shares of restricted stock, thirty billion dollars stock, thirty

502
00:30:59.680 --> 00:31:02.839
billion dollars to stay around for another two years, right

503
00:31:02.839 --> 00:31:05.880
to be focused on Tesla for another two years. We

504
00:31:05.920 --> 00:31:07.759
all know he's like a hummy bird, you know, and

505
00:31:07.759 --> 00:31:10.480
if you can get his attention for two years, pretty

506
00:31:10.519 --> 00:31:14.480
special guy. And so that's that was that's what propelled

507
00:31:14.720 --> 00:31:17.799
Tesla this week, is is that deal that they cut

508
00:31:17.839 --> 00:31:18.279
with Musk.

509
00:31:19.000 --> 00:31:21.079
They're going to give him another thirty billion dollars.

510
00:31:20.880 --> 00:31:23.359
Thirty billion dollars to stay for two more years to

511
00:31:23.839 --> 00:31:25.960
focus on because he can leave. I mean, you know,

512
00:31:26.000 --> 00:31:29.319
he's he's he owns a lot of Testla stock, but

513
00:31:29.400 --> 00:31:30.680
he can leave how much do you?

514
00:31:31.599 --> 00:31:34.519
I guess thirty billion doesn't dilute Tesla stock that much anymore.

515
00:31:34.599 --> 00:31:36.400
Huh, just seems like a really high number.

516
00:31:36.799 --> 00:31:39.480
Well, Tesla is hard to understand.

517
00:31:39.519 --> 00:31:44.759
That's how much he bought x four almost something like that.

518
00:31:44.759 --> 00:31:48.480
Amazing extra thirty billion, No big deal. But I think

519
00:31:48.480 --> 00:31:51.319
that if you can get Musk to focus his attention

520
00:31:51.359 --> 00:31:54.039
on Tesla for two years, that's a nice thing for Tesla. Well,

521
00:31:54.119 --> 00:31:56.359
I think, and Nasal causes stock to pop because we

522
00:31:56.400 --> 00:31:59.839
all know it's ridiculously extensive. Yeah, I mean, I guess

523
00:32:00.079 --> 00:32:02.400
price not because it's three hundred dollars to share, but

524
00:32:02.480 --> 00:32:04.920
because of the price earnings ratio one hundred and seventy

525
00:32:05.000 --> 00:32:05.799
times earnings or.

526
00:32:06.200 --> 00:32:08.200
Whenever you have a little bit of a catalyst for

527
00:32:08.240 --> 00:32:11.119
that stock, it kind of just becomes way more overblown

528
00:32:11.160 --> 00:32:12.559
than it should be in the first place.

529
00:32:12.880 --> 00:32:14.400
You know, as long as it took me to the

530
00:32:14.400 --> 00:32:18.000
ev space. Rivian reported this week it was down eight

531
00:32:18.039 --> 00:32:21.119
percent for the year. Lower on Wednesday after they reported

532
00:32:21.119 --> 00:32:24.599
the disappointing quarter, loosed already twenty percent lower this year,

533
00:32:24.640 --> 00:32:29.680
shed another eight percent reducing their projective production. Get this

534
00:32:29.880 --> 00:32:34.759
in comparison, Tesla sells more vehicles every five days than

535
00:32:34.880 --> 00:32:39.759
Lucid sells per year. They sell more vehicles every nine

536
00:32:39.839 --> 00:32:45.079
days than Rivian sells every year. They still sell more

537
00:32:45.200 --> 00:32:49.359
vehicles than all of the other electric vehicle manufacturers combined.

538
00:32:50.480 --> 00:32:53.000
I mean, they are dominant. And I've mentioned before on

539
00:32:53.039 --> 00:32:55.319
the show that my lease is coming up next June,

540
00:32:55.359 --> 00:32:57.359
so I've been kind of kicking the tires and stuff,

541
00:32:57.359 --> 00:33:00.440
and boy, they're just there's a lot of competition, but

542
00:33:00.680 --> 00:33:03.319
not a lot of meaningful competition.

543
00:33:04.160 --> 00:33:06.359
And that's what you really got to understand though, is

544
00:33:06.480 --> 00:33:10.920
that competition. Yeah, they're still dominating, they're still producing more

545
00:33:10.960 --> 00:33:13.599
than everyone, but at the end of the day, they

546
00:33:13.640 --> 00:33:16.960
are not gaining market share right now. I mean, you

547
00:33:17.000 --> 00:33:19.279
can see there's a lot of really cool other models

548
00:33:19.279 --> 00:33:21.519
coming out there. I hear a lot of people saying, oh,

549
00:33:21.559 --> 00:33:24.400
I want that, I want that. Tesla's not like and

550
00:33:24.440 --> 00:33:26.119
I think that's going to continue over the next couple

551
00:33:26.160 --> 00:33:28.000
of years, just because of the market being saturated with

552
00:33:28.039 --> 00:33:28.960
other better.

553
00:33:29.200 --> 00:33:31.759
YEA, well, did they give him the thirty billion dollars

554
00:33:31.799 --> 00:33:35.240
incentives to work on the robotics side? Not really necessarily

555
00:33:35.279 --> 00:33:38.359
the car side. Everybody thinks that Tesla's value is going

556
00:33:38.359 --> 00:33:40.720
to be in the robotics and all that autonomous stuff

557
00:33:40.720 --> 00:33:42.319
moving forward, So maybe that's what they want them to

558
00:33:42.319 --> 00:33:44.440
focus on, not necessarily the y model.

559
00:33:44.559 --> 00:33:46.279
Yeah, I said, no, that's absolutely doing.

560
00:33:46.359 --> 00:33:48.720
That's absolutely and that's that's where we personally.

561
00:33:48.720 --> 00:33:51.480
I don't know if I'm right on this, but I

562
00:33:51.519 --> 00:33:54.000
don't see how the robotics thing he's going to be

563
00:33:54.000 --> 00:33:57.119
able to get done in two years, five years even.

564
00:33:57.200 --> 00:33:59.160
I mean, maybe it's ten years down the road, but

565
00:33:59.279 --> 00:34:01.640
to have one a robot in each one of our

566
00:34:01.680 --> 00:34:04.920
houses type of thing, that seems quite a year's off.

567
00:34:05.000 --> 00:34:10.559
For price reasons, safety reasons, regulation, Uh, there's just so

568
00:34:10.679 --> 00:34:12.320
much things that he would have to get through, and

569
00:34:12.320 --> 00:34:14.679
he's already not in great standing with the government after

570
00:34:15.239 --> 00:34:17.719
the games he played, So I mean, to put a

571
00:34:17.800 --> 00:34:20.320
robot in someone's house just seems like a regulatory nightmare.

572
00:34:20.840 --> 00:34:24.280
Yeah, yeah, I could. I could see a lot of liability.

573
00:34:24.320 --> 00:34:28.719
The liability because you have to sign a waiver saying

574
00:34:29.039 --> 00:34:30.440
you can have them sign a waiver if you want

575
00:34:30.440 --> 00:34:32.519
a robot in your house that they're not responsible for.

576
00:34:32.639 --> 00:34:35.079
Well, what about automatic driving though? And then people are

577
00:34:35.119 --> 00:34:36.920
able to sue Tesla when they.

578
00:34:36.760 --> 00:34:38.639
Go if there's a well you can do. It's just

579
00:34:38.679 --> 00:34:41.119
like having a regular car. If something goes wrong with

580
00:34:41.159 --> 00:34:44.679
the car that shouldn't go wrong, you can sue the manufacturer.

581
00:34:44.960 --> 00:34:47.280
Well, what happens that happens with the robots.

582
00:34:47.360 --> 00:34:49.719
Well, it'd probably kind of be the same thing. I mean,

583
00:34:49.840 --> 00:34:51.920
I would think if it like the robot goes crazy

584
00:34:51.960 --> 00:34:52.559
and kills someone.

585
00:34:52.719 --> 00:34:55.599
Yeah, right, Yeah, of course, it's a regulatory nightmare.

586
00:34:56.000 --> 00:34:57.719
It's going to be part of the things that happen

587
00:34:57.800 --> 00:35:00.719
that we have to deal with, you know. Unfortunately, that's

588
00:35:00.719 --> 00:35:03.360
why I look, I look at robotics and all this

589
00:35:03.440 --> 00:35:06.239
stuff being great, there's gonna be bumps in the road,

590
00:35:06.679 --> 00:35:10.119
and then eventually they're gonna iron and out it's you know,

591
00:35:10.280 --> 00:35:12.719
I mean, and they're gonna get cheaper, and you know,

592
00:35:12.760 --> 00:35:16.079
there'll be different levels too, like iPhones at different levels.

593
00:35:16.360 --> 00:35:18.360
Yeah, how fared out do you think this is?

594
00:35:18.400 --> 00:35:18.559
Though?

595
00:35:18.639 --> 00:35:21.719
I mean, I think it's eventual, but I think, yeah, exactly.

596
00:35:21.719 --> 00:35:24.239
Okay, So when the first flat screen TV came out,

597
00:35:24.400 --> 00:35:27.039
how long did it take for it become a regular

598
00:35:27.079 --> 00:35:27.840
thing in the household?

599
00:35:28.239 --> 00:35:29.360
This is the question for you.

600
00:35:29.480 --> 00:35:32.599
Yeah, probably eight to ten years, wouldn't you say, you know,

601
00:35:32.840 --> 00:35:34.519
I remember when they first came out, right.

602
00:35:34.760 --> 00:35:36.800
Took time. It takes time. Yeah, it takes time.

603
00:35:37.039 --> 00:35:39.559
It does. It's two years enough. Probably not remember the

604
00:35:39.599 --> 00:35:41.880
plasmas that came out, Dave. They were like seven thousand

605
00:35:41.880 --> 00:35:43.639
dollars you know what I mean? Oh, you know, just

606
00:35:43.679 --> 00:35:46.239
for the fifty inch. Yeah, you wanted a big one.

607
00:35:46.239 --> 00:35:49.159
It was fifty grand, four or five people out exactly.

608
00:35:49.239 --> 00:35:51.119
All right, we'll be back. It's the Money By the Show.

609
00:35:51.639 --> 00:35:54.519
Of course, we enjoyed the fact that you listen, come

610
00:35:54.559 --> 00:35:56.679
see us, come talk to us. We're here to help

611
00:35:56.679 --> 00:35:58.639
you plan your future. We'll be right back. It's the

612
00:35:58.639 --> 00:35:59.440
Money By the Show.

613
00:36:00.719 --> 00:36:02.639
Welcome back to the Money Matter Show. My name is

614
00:36:02.679 --> 00:36:05.280
Todd Glick. I'm here with Dylan Greenberg, Dean Greenberg, and

615
00:36:05.400 --> 00:36:08.519
David Sherwood. This market has all been about AI and

616
00:36:08.599 --> 00:36:11.639
this week we got the latest release from Chat GBT

617
00:36:11.880 --> 00:36:15.760
Open ais Chat GBT. It's Chat GIBT five now and

618
00:36:15.840 --> 00:36:18.519
to them, this is their flagship model and this is

619
00:36:18.519 --> 00:36:20.199
what they've been working on for the last two years

620
00:36:20.239 --> 00:36:23.519
since their Chat GBT four release, and this GBT five

621
00:36:23.960 --> 00:36:26.480
to them, they were saying GBT three was like a

622
00:36:26.519 --> 00:36:29.000
high school student. GBT four it was like a college

623
00:36:29.000 --> 00:36:32.480
student practical but still makes mistakes. But this GBT five

624
00:36:32.559 --> 00:36:34.719
is more like a PhD level. It can be an

625
00:36:34.760 --> 00:36:37.719
expert research in any field, help you with a multitude

626
00:36:37.760 --> 00:36:40.440
of things. And what it also aims to do is

627
00:36:40.639 --> 00:36:43.000
helps you understand which model to you, So if you

628
00:36:43.400 --> 00:36:46.840
ask it a question, Chat GBD five will decide which

629
00:36:46.880 --> 00:36:50.159
model on the back end to ask your questions too.

630
00:36:50.480 --> 00:36:53.400
The previous chat GBT four had like five different chat

631
00:36:53.400 --> 00:36:54.920
GBT four as you could play with and you would

632
00:36:54.960 --> 00:36:57.599
have to know which one would work for what you're

633
00:36:57.679 --> 00:36:59.960
trying to ask it. This is trying to be one

634
00:37:00.000 --> 00:37:02.920
one thing, one stop shop. It has reasoning unreasoning all

635
00:37:02.960 --> 00:37:06.639
wrapped into one for the end user. But there has

636
00:37:06.719 --> 00:37:10.440
been some pushback. They released it on Thursday and already

637
00:37:10.480 --> 00:37:14.239
some developers are saying, we're not as impressed. We didn't

638
00:37:14.280 --> 00:37:16.920
think that this was what it should have been. It's

639
00:37:16.960 --> 00:37:19.559
more of an update, not the revolutionary breakthrough we're all

640
00:37:19.559 --> 00:37:22.280
looking through. Open Ai does say they're one step closer

641
00:37:22.280 --> 00:37:24.360
to AGI, but I do think if you saw how

642
00:37:24.400 --> 00:37:28.880
Google responded on Friday with up over two percent on

643
00:37:28.920 --> 00:37:31.239
the poly market, bets apps, and this is the predictive

644
00:37:31.280 --> 00:37:34.880
markets that people can bet who has the best AI model.

645
00:37:34.920 --> 00:37:36.639
At the end of the month, after.

646
00:37:36.519 --> 00:37:39.760
Chat GBT five was released, Google went from fourteen percent

647
00:37:39.800 --> 00:37:42.960
and Open a eighty six percent and it flipped. Now

648
00:37:43.000 --> 00:37:46.119
Google in the marketplaces seemed to have the better model

649
00:37:46.320 --> 00:37:50.760
after chat gbtfive's released, So Google's Gemini, and Gemini might

650
00:37:50.800 --> 00:37:53.880
be one of the top models now and they're already

651
00:37:53.880 --> 00:37:57.679
the top video creator. I was showing Matthew the video creation.

652
00:37:58.039 --> 00:38:00.639
He's a film editor and he was blown away by

653
00:38:01.159 --> 00:38:03.639
what Googles can do. But not all the AI models

654
00:38:03.679 --> 00:38:05.880
can do that right, And so each one of these

655
00:38:05.880 --> 00:38:08.000
companies are trying to come up with the best AI

656
00:38:08.440 --> 00:38:12.159
to get that network effect. And right now we're seeing

657
00:38:12.199 --> 00:38:14.679
what's what's happening in this market. It's more of the

658
00:38:14.679 --> 00:38:17.880
infrastructure plays that are getting the rewards, the Blackwell chip

659
00:38:17.920 --> 00:38:20.960
from Nvidia, v r T, the cooling, the data centers,

660
00:38:20.960 --> 00:38:23.679
the infrastructure behind it. But eventually the people that create

661
00:38:23.719 --> 00:38:26.840
the best product with all this infrastructure are also gonna

662
00:38:26.840 --> 00:38:27.159
win out.

663
00:38:28.440 --> 00:38:31.719
Interesting. It's it's a fascinating field and it's got to

664
00:38:31.760 --> 00:38:33.320
be so tough to be the CEO of one of

665
00:38:33.360 --> 00:38:36.239
these companies and try to stay on the cutting edge. Hey,

666
00:38:36.280 --> 00:38:39.119
I've got a fun factoid for you. I've we got

667
00:38:39.159 --> 00:38:43.280
Dean here. Dean who named the first five presidents of

668
00:38:43.320 --> 00:38:49.760
the United States? Okay, who could name the first I

669
00:38:49.760 --> 00:38:50.400
can only get.

670
00:38:50.320 --> 00:38:56.519
For Adams, John Quincy Adams, Thomas Jefferson, Thomas Jefferson, and Garfield.

671
00:38:56.920 --> 00:39:06.519
No Van Buren, No, you get You got Adams.

672
00:39:03.400 --> 00:39:08.920
Jefferson, Right, those are easy. Then Monroe, because you got

673
00:39:08.920 --> 00:39:12.559
both Adams and then Madison was When.

674
00:39:12.400 --> 00:39:15.639
Was John Adams? Because you have John Quinson Adam second. No,

675
00:39:15.679 --> 00:39:17.599
because you have John Quincy Adams and then John Adams.

676
00:39:17.639 --> 00:39:18.599
I think there two different people.

677
00:39:18.960 --> 00:39:22.480
John Adams was the second president. Way, okay, that's not

678
00:39:22.599 --> 00:39:24.559
That's not the one. So we got those five, right.

679
00:39:24.719 --> 00:39:29.599
Here's the interesting factoid. Three of those five people died

680
00:39:29.639 --> 00:39:32.559
on the fourth of July. Really, what are the odds

681
00:39:32.679 --> 00:39:35.239
three of those five had two of them, Adams and

682
00:39:35.280 --> 00:39:39.880
Jefferson died on the exact same day, fourth of July.

683
00:39:40.079 --> 00:39:41.920
And no, here's.

684
00:39:44.079 --> 00:39:47.320
C I a no president.

685
00:39:48.440 --> 00:39:50.639
No president has died on the fourth of July since

686
00:39:51.000 --> 00:39:52.800
So of the first five presidents, three of them died

687
00:39:52.840 --> 00:39:53.440
on the fourth of July.

688
00:39:53.800 --> 00:39:56.800
Thomas Jefferson's houses up for sale in Boston. It's the

689
00:39:57.000 --> 00:39:59.679
oldest building in the Boston area. And it's from like

690
00:39:59.760 --> 00:40:03.800
the obviously sense of pre before seventeen seventy six and

691
00:40:03.840 --> 00:40:07.000
through that. But it's just some square house in the

692
00:40:07.000 --> 00:40:09.719
middle of the downtown area, looks like this old brick

693
00:40:09.760 --> 00:40:11.199
and it's his house, and it's up for sale for

694
00:40:11.239 --> 00:40:12.119
like a million bucks.

695
00:40:12.360 --> 00:40:14.280
I thought, you know that the three of them died

696
00:40:14.320 --> 00:40:15.960
on the fourth of July was pretty cool. Tone The

697
00:40:16.000 --> 00:40:17.800
one thing I took away from as I looked at him.

698
00:40:17.920 --> 00:40:20.880
John Adams left to be ninety one years old back

699
00:40:21.320 --> 00:40:24.480
in the seventeen hundreds. Imagine that that's in today's years.

700
00:40:24.519 --> 00:40:25.559
What's that one hundred and twenty.

701
00:40:25.920 --> 00:40:28.199
Yeah, if you want a really fun fact, Toyd, look

702
00:40:28.199 --> 00:40:33.719
into the similarities between Abraham Lincoln and John F.

703
00:40:33.800 --> 00:40:38.079
Kennedy. Okay, they're insane, they're really fun too.

704
00:40:38.199 --> 00:40:39.840
Kenny didn't have a fun read on the weekend.

705
00:40:39.920 --> 00:40:42.719
No, just just look up the Yeah, so it goes.

706
00:40:42.599 --> 00:40:45.920
George Washington, John Adams, Thomas Jefferson, James Madison, James Monroe,

707
00:40:45.960 --> 00:40:46.880
and then John Quincy.

708
00:40:46.880 --> 00:40:47.840
Adams is number six.

709
00:40:47.960 --> 00:40:51.880
Okay, all right, I guess Monroe died on July. He

710
00:40:51.960 --> 00:40:54.199
was the fifth one. He died on July. Or Madison,

711
00:40:54.239 --> 00:40:55.679
who was fifth? Who's fifth?

712
00:40:55.920 --> 00:40:56.400
Monroe?

713
00:40:56.400 --> 00:40:59.480
Monroe? Yeah, Monroe died on July fourth, so they had

714
00:40:59.480 --> 00:41:02.000
to put him. They stopped at the five because he

715
00:41:02.119 --> 00:41:03.840
was the third one to die on July the fourth.

716
00:41:04.039 --> 00:41:07.280
Think about in fifty years from now when they read

717
00:41:07.320 --> 00:41:15.000
about Trump, okay, and because he's you know, this whole

718
00:41:15.039 --> 00:41:18.079
period of time is going to change on how it's written.

719
00:41:19.079 --> 00:41:21.440
With everything that comes out you watch and see.

720
00:41:22.199 --> 00:41:24.880
Was Andrew Jackson would be the modern day Trump?

721
00:41:24.960 --> 00:41:28.280
You know what they say, history is written by the victors.

722
00:41:28.920 --> 00:41:30.360
Yeah, that's true.

723
00:41:30.639 --> 00:41:33.440
Yeah, I know that true. All I know is that

724
00:41:33.440 --> 00:41:36.719
that the country is changing dramatically and it seems to

725
00:41:36.760 --> 00:41:39.079
be for the better. I don't know in my eyes.

726
00:41:40.079 --> 00:41:42.519
Well, we know, woke ism isn't around that much anymore.

727
00:41:42.599 --> 00:41:46.079
A lot of that stuff that's you're just exhausting. Well,

728
00:41:46.440 --> 00:41:48.840
the City of Tucson website, if you go to the

729
00:41:48.880 --> 00:41:53.320
City of Tucson website, all of the top officers from

730
00:41:53.400 --> 00:41:58.440
Regina on down, it shows you they're pronoun on the website.

731
00:41:58.559 --> 00:42:00.440
When is that going to change? Down there? Did you

732
00:42:00.440 --> 00:42:01.559
see that shut they got.

733
00:42:01.519 --> 00:42:05.320
Down the data center. Yeah, yeah, shout it down. Yeah, jobs, jobs, now,

734
00:42:05.320 --> 00:42:07.559
we don't want to grow clean jobs.

735
00:42:07.559 --> 00:42:09.639
I know they're saying it's about the water. We know

736
00:42:09.719 --> 00:42:11.800
for a fact they had the water that wasn't going

737
00:42:11.840 --> 00:42:13.159
to affect us the water reserves.

738
00:42:13.159 --> 00:42:16.320
And also there's companies out there that have closed in

739
00:42:16.679 --> 00:42:19.440
circulation for the water for these data centers, so it's

740
00:42:19.480 --> 00:42:22.679
not constantly bringing in new water. It's just you fill

741
00:42:22.719 --> 00:42:24.480
it up once in a pipe or whatever however they

742
00:42:24.480 --> 00:42:26.119
work it, but it's closed in its circulates.

743
00:42:26.119 --> 00:42:28.480
Through the day, one hundred people that were there at

744
00:42:28.519 --> 00:42:32.360
the meeting starts starting yelling at the data center people

745
00:42:32.440 --> 00:42:35.440
as they're leaving, you know, and goodbye. You know?

746
00:42:35.679 --> 00:42:36.880
Are you serious?

747
00:42:36.960 --> 00:42:40.480
Right? Don't grow at all? These lousy streaks the way

748
00:42:40.519 --> 00:42:40.840
they are.

749
00:42:41.000 --> 00:42:43.119
Hasn't that always been issuing too some though, like.

750
00:42:43.119 --> 00:42:47.280
Ford has been for decades decades, not peb County, Tucson.

751
00:42:47.519 --> 00:42:49.760
Yeah, you think that that would stop a Phoenix from

752
00:42:49.760 --> 00:42:51.840
having the data center a chance in Hill.

753
00:42:52.320 --> 00:42:57.519
Phoenix is growing and they're bringing in people jobs, and

754
00:42:57.559 --> 00:43:00.159
there's growth and people are happy.

755
00:43:00.519 --> 00:43:05.000
Phoenix is the next Silicon valley. Yes, how bad California

756
00:43:05.039 --> 00:43:07.360
investment on fire, literally.

757
00:43:07.199 --> 00:43:10.559
Committed twenty five billion dollars over the next five years

758
00:43:11.400 --> 00:43:16.400
to the Phoenix metro area of data centers and and

759
00:43:16.400 --> 00:43:19.400
and manufacturing and chip people and everything else.

760
00:43:19.599 --> 00:43:21.880
Largest foreign investment in the history of the United States

761
00:43:21.960 --> 00:43:22.800
right there in Phoenix.

762
00:43:23.119 --> 00:43:26.480
Yeah, yeah, it is. Yeah, and the temperature aside that

763
00:43:26.519 --> 00:43:28.800
the city and that's one investment let alone, like we're

764
00:43:28.800 --> 00:43:32.440
talking about the thirty other huge investments that have been

765
00:43:33.000 --> 00:43:35.559
you know, headquarters being moved there, but I mean headquarters

766
00:43:35.599 --> 00:43:36.320
are already there.

767
00:43:36.760 --> 00:43:39.519
I think what they did, they planned for it. You

768
00:43:39.559 --> 00:43:41.639
know how how many times for the last twenty years

769
00:43:41.679 --> 00:43:43.360
we've been up there and all we saw was construction

770
00:43:43.480 --> 00:43:47.719
on highways and the spin and then all those uh

771
00:43:47.760 --> 00:43:51.079
full leaf clover turns arounds and everything else and the

772
00:43:51.119 --> 00:43:54.840
wrap rounds and all this. They planned for it. They

773
00:43:54.920 --> 00:43:57.760
knew they were going to do this and bring in businesses,

774
00:43:58.039 --> 00:44:01.679
and they're great businesses with white college jobs making a

775
00:44:01.760 --> 00:44:04.800
heck of a lot of money. Yeah, that's why the

776
00:44:04.840 --> 00:44:07.679
sports are so good up there. People move here from

777
00:44:07.719 --> 00:44:10.559
all these other areas and they bring their kids and

778
00:44:10.559 --> 00:44:12.880
they get and then and it's you're kind to teg

779
00:44:12.920 --> 00:44:15.239
you're good football play in Texas. You're kind of Phoenix.

780
00:44:15.280 --> 00:44:16.400
You're a great football player.

781
00:44:16.760 --> 00:44:19.599
Well you notice that city doesn't sleep, you know, like

782
00:44:19.679 --> 00:44:21.280
when the construction.

783
00:44:21.119 --> 00:44:22.199
Compared to New York City.

784
00:44:22.239 --> 00:44:27.280
Yet, Okay, no, logan, I get it, I get it

785
00:44:27.280 --> 00:44:28.599
all right, lots your heart.

786
00:44:28.920 --> 00:44:30.360
Don't don't you go down there.

787
00:44:30.800 --> 00:44:34.519
The growth in Phoenix is happens because they can actually

788
00:44:34.679 --> 00:44:38.360
build things and get it done like it's non stop.

789
00:44:38.519 --> 00:44:40.960
And that's why we also talk about Tucson. It's it's

790
00:44:40.960 --> 00:44:43.800
a lot friend there, family oriented. It's not as crazy

791
00:44:43.840 --> 00:44:46.480
and hectic up because up there it feels like it's

792
00:44:46.519 --> 00:44:46.920
non stop.

793
00:44:47.000 --> 00:44:49.079
And that's why restaurants make money up there and down

794
00:44:49.159 --> 00:44:52.440
here they struggle and we wonder why they have to close.

795
00:44:53.639 --> 00:44:57.000
Now they got five many people so make the big difference.

796
00:44:57.639 --> 00:44:59.679
It was getting the benefit of it too, that we

797
00:44:59.719 --> 00:45:00.480
have this bill over a.

798
00:45:00.519 --> 00:45:03.679
Thing that Phoenix is exploding, there's no question about it.

799
00:45:03.760 --> 00:45:07.679
And would that despite the summers sink the summary, it

800
00:45:07.679 --> 00:45:08.239
doesn't matter that.

801
00:45:08.320 --> 00:45:09.800
I'm going to bring it back to that. That's the

802
00:45:09.800 --> 00:45:12.440
one of the things I do know too, is we

803
00:45:12.480 --> 00:45:15.320
talk to people up in Phoenix and all they plan.

804
00:45:15.920 --> 00:45:18.840
So when you talk to them about financial planning, they

805
00:45:18.880 --> 00:45:21.719
get it. They understand they should be a plan. I

806
00:45:21.760 --> 00:45:25.400
keep reading these statistics. Seventy five percent of people believe

807
00:45:25.440 --> 00:45:27.920
they need a plan. Less than thirty percent of the

808
00:45:27.960 --> 00:45:31.079
people have ever done a plan. Sure, a real financial plan,

809
00:45:31.639 --> 00:45:34.880
one that will take them up until through the whole

810
00:45:34.920 --> 00:45:38.800
accumulation phase, but then put them in a deaccumulation phase

811
00:45:39.000 --> 00:45:41.360
where they actually are taking money and living for the

812
00:45:41.400 --> 00:45:45.119
rest of their lives. That's the most difficult thing that people.

813
00:45:44.840 --> 00:45:45.840
Have well people.

814
00:45:45.920 --> 00:45:48.119
A big reason to that, I think is because there's

815
00:45:48.159 --> 00:45:50.679
a misconception. We're actually not really a misconception. A lot

816
00:45:50.719 --> 00:45:52.239
of firms do charge a lot of money for a

817
00:45:52.239 --> 00:45:54.800
financial plan. We don't. We said on the show all

818
00:45:54.840 --> 00:45:57.239
the time. It's free to set up, it's free to do.

819
00:45:57.320 --> 00:45:58.760
We'll give it to you after then you don't have

820
00:45:58.800 --> 00:46:00.760
to become a client to get the finance plan. And

821
00:46:00.800 --> 00:46:03.440
another reason is people think they need more money before

822
00:46:03.480 --> 00:46:05.320
they do the plan. They think they have to have

823
00:46:05.360 --> 00:46:08.119
all the money and then they'll go do the financial plan.

824
00:46:08.280 --> 00:46:14.039
And with that is why we're doing or interactive workshop.

825
00:46:13.719 --> 00:46:16.840
Financial Planning Workshop over at Lapoloma Country Club on Friday,

826
00:46:16.920 --> 00:46:20.480
September twenty six from eleven thirty to two pm. And

827
00:46:20.559 --> 00:46:22.480
what it is is going to be if you're on

828
00:46:22.519 --> 00:46:24.519
the fence about setting up a financial plan, or you're

829
00:46:24.519 --> 00:46:26.159
a little nervous, or you've been thinking about it but

830
00:46:26.199 --> 00:46:28.360
don't really want to do the whole thing just yet,

831
00:46:28.559 --> 00:46:31.719
that's what this is for. We want to show you

832
00:46:31.760 --> 00:46:33.840
what it's all about. We'll be there talking, We'll be

833
00:46:33.880 --> 00:46:36.800
going through a whole financial plan simulation and answer any

834
00:46:36.880 --> 00:46:39.280
questions that it is. It's very interactive. We want questions

835
00:46:39.440 --> 00:46:42.760
throughout the time and just get to know us as well.

836
00:46:42.840 --> 00:46:46.079
It's limited to a small group of people. We're going

837
00:46:46.119 --> 00:46:49.199
to do it each quarter for the next two years

838
00:46:50.000 --> 00:46:51.920
because we believe that people have to do it and

839
00:46:51.960 --> 00:46:53.880
the only thing we hear that they stop is to

840
00:46:54.039 --> 00:46:56.440
kind of feel uncomfortable, don't know it. So this is

841
00:46:56.480 --> 00:47:00.079
what we're doing. We're opening up ourselves to show you

842
00:47:00.119 --> 00:47:03.760
what pretty much on a general basin, it is and

843
00:47:04.320 --> 00:47:06.840
show you and let you be interactive doing it so

844
00:47:07.000 --> 00:47:09.519
you can feel comfortable enough to say, yeah, I want

845
00:47:09.519 --> 00:47:11.320
to come in and talk to you. And it's still

846
00:47:11.360 --> 00:47:14.679
going to be free, all right, and for that we'll

847
00:47:14.679 --> 00:47:16.880
still give you lunch. So you got to call us

848
00:47:17.119 --> 00:47:18.920
at the office tell us. You want to be part

849
00:47:18.960 --> 00:47:21.519
of a workshop to learn about financial planning or go

850
00:47:21.519 --> 00:47:22.440
ahead to put you down.

851
00:47:23.119 --> 00:47:24.920
You can also go to our website. You can sign

852
00:47:25.000 --> 00:47:25.960
up through there as well.

853
00:47:26.039 --> 00:47:28.440
Yeah, it's just the simulation, just kind of show you, hey,

854
00:47:28.440 --> 00:47:28.800
this is.

855
00:47:28.719 --> 00:47:31.440
How it works, right, Yeah, John do Jane does what.

856
00:47:31.960 --> 00:47:33.880
You could expect if you decide to do this.

857
00:47:33.920 --> 00:47:35.639
All right, we'll be right back. It's the top of

858
00:47:35.679 --> 00:47:37.840
the hour. Thanks for listening. We have a whole nother

859
00:47:37.920 --> 00:47:38.360
hour to go.

860
00:47:50.639 --> 00:47:52.800
Welcome back to the second hour of the Money Matters Show.

861
00:47:52.880 --> 00:47:54.920
Thank you for tuning in, and for those of you

862
00:47:55.000 --> 00:47:56.960
just tuning in right now and didn't hear the first hour.

863
00:47:57.000 --> 00:47:58.920
The Dow is up one point three percent for the week.

864
00:47:59.079 --> 00:48:00.719
The S and P five hund was up two point

865
00:48:00.760 --> 00:48:02.679
four percent for the week, The Nasdaq was up three

866
00:48:02.719 --> 00:48:05.239
point nine percent. That Russell two thousand, which is the

867
00:48:05.280 --> 00:48:07.480
small cap companies, was up two and a half percent,

868
00:48:07.719 --> 00:48:10.039
and the equal weighted SMP was up point eight percent.

869
00:48:10.239 --> 00:48:12.480
So as you can see with the equal weighted SMP

870
00:48:12.559 --> 00:48:14.320
five hundred only being up point eight percent for the

871
00:48:14.320 --> 00:48:16.360
week but the nas Deck being up three point nine percent,

872
00:48:16.719 --> 00:48:19.800
Tech drove the markets hire this week or this past week,

873
00:48:20.159 --> 00:48:22.480
which has been consistent for the last couple of years,

874
00:48:23.000 --> 00:48:26.000
Apple had a great week. They added four hundred and

875
00:48:26.039 --> 00:48:29.360
fifteen billion dollars to their market cap. They're investing six

876
00:48:29.440 --> 00:48:32.800
hundred billion dollars into the US economy over the next

877
00:48:32.800 --> 00:48:35.880
few years. Tim Cook and Donald Trump are finally on

878
00:48:35.920 --> 00:48:38.880
the same page. So that's all great news for Apple,

879
00:48:38.920 --> 00:48:40.679
which has been hurting for the last year. They've been

880
00:48:40.719 --> 00:48:43.559
down twenty percent and now they're only down seven percent.

881
00:48:43.639 --> 00:48:45.400
Yeah, we saw that with the tech stalks, right the

882
00:48:45.599 --> 00:48:48.239
NASDAK hitting all time high, only intacy to do it

883
00:48:49.400 --> 00:48:52.960
just barely got there. But you're to date eleven percent higher,

884
00:48:53.639 --> 00:48:56.800
SMP eight point six percent, eight point six percent higher,

885
00:48:56.840 --> 00:48:59.599
the equated SMP four point five percent high. I mean,

886
00:48:59.639 --> 00:49:02.119
that's the tr true market is the market. We talk

887
00:49:02.159 --> 00:49:05.599
about this all the time, David. If you're in a

888
00:49:05.679 --> 00:49:08.440
really truly diversified portfolio, you're only up four and a

889
00:49:08.480 --> 00:49:11.119
half percent, and you look at the NASDACK up eleven

890
00:49:11.760 --> 00:49:16.760
already doubling you throughout seven months. So you can't just

891
00:49:16.800 --> 00:49:18.079
look at the s and P. You can't look at

892
00:49:18.079 --> 00:49:20.239
the NASDACK. You really have to look at the equated

893
00:49:20.320 --> 00:49:22.559
SMP and that's your true representation.

894
00:49:22.760 --> 00:49:25.400
When you look at the NASDAK coming forty five percent

895
00:49:25.519 --> 00:49:29.599
up in the last ninety days, boy, that's rare. Forty

896
00:49:29.599 --> 00:49:31.840
five percent in ninety days. And you say, well, if

897
00:49:31.880 --> 00:49:35.039
you've got a stock portfolio, boy, I'd be just killing it, right,

898
00:49:35.480 --> 00:49:38.119
But you've got stock The overall market's up four and

899
00:49:38.159 --> 00:49:40.480
a half percent. Now, if you've got a sixty forty,

900
00:49:40.840 --> 00:49:44.320
your bonds are up maybe two, So four and a

901
00:49:44.400 --> 00:49:46.760
half and two right, six or six and a half.

902
00:49:46.760 --> 00:49:50.079
Divide that by seven, so you're up. You know, you know,

903
00:49:50.159 --> 00:49:52.639
if you're up five percent, you're doing pretty well.

904
00:49:52.760 --> 00:49:55.119
And most investors when they hit retirement, they're going to

905
00:49:55.159 --> 00:49:57.119
be in low beta stocks. And what we mean by

906
00:49:57.159 --> 00:49:59.760
low beta is something that's not going to move as

907
00:49:59.800 --> 00:50:02.360
much is the stock market. Because when the stock market's

908
00:50:02.400 --> 00:50:04.159
down ten, you don't want to be down ten. You

909
00:50:04.239 --> 00:50:06.400
only want to be down five. So you're gonna invest

910
00:50:06.400 --> 00:50:08.440
in low beta stocks. What that also means when the

911
00:50:08.599 --> 00:50:12.039
SMP is doing crazy good and the nasdaq's doing crazy good,

912
00:50:12.280 --> 00:50:14.119
that's likely going to be the high beta stocks that

913
00:50:14.159 --> 00:50:16.000
are doing it. And that's what we're seeing this week.

914
00:50:16.079 --> 00:50:18.519
I mean, for example, Palanteer I don't know what beta

915
00:50:18.559 --> 00:50:21.679
you would throw on that thing, but it is extremely high.

916
00:50:22.039 --> 00:50:27.320
It exploded higher this week because they had expanded guidance.

917
00:50:27.880 --> 00:50:30.239
I think even the CEO came out and said once

918
00:50:30.280 --> 00:50:34.239
in a generation report, so he's extremely bullish on it.

919
00:50:34.519 --> 00:50:37.519
And they with that raised guidance, they went up over

920
00:50:37.559 --> 00:50:42.079
ten percent. Now, the idea is these stocks are not proven.

921
00:50:42.239 --> 00:50:45.320
That's why they have high betas. That's why they're so volatile.

922
00:50:45.920 --> 00:50:48.639
It's going up really big right now because they're pricing

923
00:50:48.639 --> 00:50:50.599
in twenty years of growth right now. They're trying to

924
00:50:50.599 --> 00:50:54.159
get out in front of it. Sometimes works, it sometimes doesn't.

925
00:50:54.360 --> 00:50:56.400
So you have to be careful with high beta stocks,

926
00:50:56.400 --> 00:50:59.519
and especially when you're someone in retirement, you can't necessarily

927
00:50:59.559 --> 00:51:03.679
say have that fomo mentality because realize those aren't the

928
00:51:03.679 --> 00:51:05.320
places you should have been in the first place.

929
00:51:06.760 --> 00:51:09.880
There are a lot of money chasing of very few stocks,

930
00:51:09.920 --> 00:51:12.199
and they're driving it higher and higher and higher.

931
00:51:11.960 --> 00:51:13.559
And it's a fomo type of field right now.

932
00:51:13.559 --> 00:51:15.159
It is so we saw last Friday. We saw it

933
00:51:15.199 --> 00:51:18.000
last Friday. We could go Friday, what can happen when

934
00:51:18.039 --> 00:51:20.960
there's a little bit of a glitch in the gear?

935
00:51:21.000 --> 00:51:24.400
Get along right down five hundred bang just like that,

936
00:51:24.559 --> 00:51:27.760
and the market is a price for perfection. Right now,

937
00:51:28.039 --> 00:51:31.199
the S and P five hundred is almost thirty times earning.

938
00:51:31.239 --> 00:51:36.119
Its historic average is sixteen times earnings. Yes, you could,

939
00:51:36.280 --> 00:51:38.239
you should get a premium because of all of the

940
00:51:38.280 --> 00:51:41.360
things Trump is doing, has done, is going to do,

941
00:51:42.199 --> 00:51:44.840
seem to be positive for the economy. We really seem

942
00:51:44.880 --> 00:51:47.320
to be hitting it on all cylinders. So yes, there

943
00:51:47.360 --> 00:51:49.119
should be a little bit of a premium over that

944
00:51:49.199 --> 00:51:54.599
sixteen pe thirty might be a little bitch the Nasdaq

945
00:51:54.800 --> 00:52:01.800
Historically the thirty pees now forty, It wouldn't take much. Yeah,

946
00:52:02.000 --> 00:52:04.159
right now, it seems like as you look at the market,

947
00:52:04.400 --> 00:52:06.880
there just isn't anything that could make a good guy.

948
00:52:07.119 --> 00:52:10.159
Lots of high beta flying stocks out there right now,

949
00:52:10.199 --> 00:52:12.440
but we are not given any recommendations. We never give

950
00:52:12.440 --> 00:52:15.159
a recommendation because we don't know your risk tolerance. The

951
00:52:15.159 --> 00:52:16.960
show is sponsored by the Greenberg Financial Group and you

952
00:52:16.960 --> 00:52:19.519
can listen on seven ninety KNSC or iHeartRadio. The show

953
00:52:19.559 --> 00:52:22.239
discusses different investment products and strategies, and every product in

954
00:52:22.239 --> 00:52:24.920
strategy have some type of inherent risk, and we strongly

955
00:52:25.000 --> 00:52:27.519
encourage our listeners to probably understand the risk to determine

956
00:52:27.519 --> 00:52:29.800
whether to buy, sell or hold. Show has been on

957
00:52:29.840 --> 00:52:31.880
air for over thirty years. A Greenberg Financial Group is

958
00:52:31.920 --> 00:52:34.880
registered with the SEC. Visit a website at greenbrik Financial

959
00:52:34.880 --> 00:52:37.199
dot com for some more information. You could always give

960
00:52:37.239 --> 00:52:38.880
us a call at five two zero five four four

961
00:52:38.960 --> 00:52:41.760
four nine zero nine. We talk a lot about risk

962
00:52:41.800 --> 00:52:44.000
here at Greenberg Financial Group. We have a pretty cool

963
00:52:44.239 --> 00:52:46.760
writ and really state of the arc state of the

964
00:52:46.840 --> 00:52:49.920
arts risk questionnaire. So if you ever wanted to, you know,

965
00:52:49.960 --> 00:52:54.440
get a better understanding of your risk score, you could

966
00:52:54.480 --> 00:52:56.280
give me a call again five to two zero five

967
00:52:56.280 --> 00:52:57.960
four four four nine zer over nine. Shoot me an

968
00:52:58.000 --> 00:53:00.760
email at Sebastian at Greenberg Financial dot com. I'll send

969
00:53:00.760 --> 00:53:02.360
you over the questionnaire. You don't even have to come

970
00:53:02.360 --> 00:53:04.280
in for a meeting. If you want to see how

971
00:53:04.280 --> 00:53:07.280
you're currently allocated after this crazy nice run up in

972
00:53:07.320 --> 00:53:11.039
the markets, see what your portfolio's risk score is, you

973
00:53:11.079 --> 00:53:12.880
could always send me your holdings, give me a call,

974
00:53:13.039 --> 00:53:13.840
we'll talk about it.

975
00:53:13.840 --> 00:53:18.440
It'll actually give you a number, okay, thirty seven sixty four,

976
00:53:19.119 --> 00:53:22.559
it'll actually give you a number of your risk tolerance

977
00:53:22.840 --> 00:53:25.880
and then we take your portfolio drop that into the

978
00:53:25.880 --> 00:53:27.440
same database, give.

979
00:53:27.360 --> 00:53:29.159
You a number, and it has a bunch of cool

980
00:53:29.159 --> 00:53:31.079
simulations that you could run through. You know, you could

981
00:53:31.119 --> 00:53:33.440
put it through a COVID twenty nineteen drop, You could

982
00:53:33.440 --> 00:53:35.000
put it through a two thousand and eight drop. You

983
00:53:35.000 --> 00:53:36.800
could put it through a bull market and see how

984
00:53:36.880 --> 00:53:40.519
it would perform within a bull market. Lots of what

985
00:53:40.599 --> 00:53:42.840
ifs that I could run with it, and if it

986
00:53:42.880 --> 00:53:44.119
could give you a peace of mind to give me.

987
00:53:44.119 --> 00:53:45.880
A call, what could happen to your portfolio? If we

988
00:53:45.920 --> 00:53:49.159
have an eight meltdown? What can happen to your portfolio,

989
00:53:49.159 --> 00:53:52.639
if we have a big rally? All of those things,

990
00:53:52.719 --> 00:53:55.880
and we've had people and I think one of the

991
00:53:55.960 --> 00:53:59.280
one of the things I enjoy doing is a husband

992
00:53:59.320 --> 00:54:01.639
and wife have a your account, give each one of

993
00:54:01.719 --> 00:54:03.599
them a risk questionnaire.

994
00:54:03.039 --> 00:54:06.159
Separately, watching them come in at very different scores.

995
00:54:06.599 --> 00:54:11.199
It opens up conversations that are important.

996
00:54:12.039 --> 00:54:14.119
What I also had this week was a conversation with

997
00:54:14.159 --> 00:54:17.119
a client of saying, all right, you're about a year,

998
00:54:17.280 --> 00:54:19.440
not even a year, about four months away from retirement.

999
00:54:20.000 --> 00:54:24.039
You're already I know, not a skittish investor. This is

1000
00:54:24.079 --> 00:54:26.519
potentially when you want to take some chips off the table.

1001
00:54:26.920 --> 00:54:29.159
You know, we'll get calls when the market's down, Hey,

1002
00:54:29.199 --> 00:54:31.400
do we need to get less risky here? That's not

1003
00:54:31.480 --> 00:54:33.639
the time to get less risky. If anything, when we're

1004
00:54:33.679 --> 00:54:36.960
at all time highs, that's a perfectly okay time. If

1005
00:54:37.039 --> 00:54:39.719
you don't feel comfortable where things are at to d risk,

1006
00:54:40.159 --> 00:54:43.199
raise some cash, put things on the sideline, maybe buy

1007
00:54:43.239 --> 00:54:48.199
some bonds, and especially saying some people hindsight being twenty twenty,

1008
00:54:48.440 --> 00:54:50.159
if there's a market drop, said, I would have been

1009
00:54:50.239 --> 00:54:54.000
just fine with a five percent return, and that's still available.

1010
00:54:54.119 --> 00:54:56.280
It's not going to be available forever.

1011
00:54:56.639 --> 00:54:56.840
Right.

1012
00:54:56.920 --> 00:54:59.480
If FED starts cutting rates, those are going to go down.

1013
00:54:59.719 --> 00:55:02.519
But there are still guaranteed products that can lock in

1014
00:55:02.559 --> 00:55:05.840
a five percent rate for three, five, seven years. For

1015
00:55:05.960 --> 00:55:08.840
some that's all they want. And we have those clients

1016
00:55:09.000 --> 00:55:11.760
conversations all the time where they're truly they're picking a

1017
00:55:11.840 --> 00:55:14.079
rate and that's all they need. Some people they just

1018
00:55:14.159 --> 00:55:15.800
want to make as much as they want. If you

1019
00:55:15.840 --> 00:55:18.039
want to make as much as you possibly can, you

1020
00:55:18.119 --> 00:55:19.800
want to be in just straight up stocks over the

1021
00:55:19.800 --> 00:55:23.000
long run. Right, But if you're okay with giving up

1022
00:55:23.039 --> 00:55:24.840
some return with the idea that you just want a

1023
00:55:24.880 --> 00:55:27.639
guaranteed number, there's a way to do that, right. So

1024
00:55:27.679 --> 00:55:31.480
we have magas multi year guaranteed annuities to lock in rates,

1025
00:55:31.719 --> 00:55:33.840
but we also have fixed index annuities that can lock

1026
00:55:33.920 --> 00:55:36.599
in guaranteed monthly income checks for the rest of your

1027
00:55:36.599 --> 00:55:39.440
life and at rates that I believe are gonna be

1028
00:55:39.440 --> 00:55:42.079
able to beat most carriers out there. So if you

1029
00:55:42.159 --> 00:55:45.000
have a need for a guaranteed monthly income check, a

1030
00:55:45.039 --> 00:55:48.960
guarantee for an annualized return, you can do that. You're

1031
00:55:48.960 --> 00:55:52.000
gonna pay for it in terms of opportunity cost in

1032
00:55:52.039 --> 00:55:54.880
the long run, but it gives you that peace of mind.

1033
00:55:55.159 --> 00:55:57.320
Now's the time to acquire that piece of mind. It's

1034
00:55:57.320 --> 00:55:59.920
a great opportunity, Marcus. At the time highs rates are

1035
00:56:00.119 --> 00:56:03.079
so good that opportunity is not going to stay here forever.

1036
00:56:03.800 --> 00:56:06.039
I had a call on Friday from a thirty one

1037
00:56:06.079 --> 00:56:10.800
year old self employed young man who's just embarking on

1038
00:56:10.880 --> 00:56:15.119
his investing world uh, and he had he's able to

1039
00:56:15.119 --> 00:56:17.599
put aside five hundred dollars a month, and he said,

1040
00:56:17.599 --> 00:56:19.960
I've got an extra five hundred dollars a month. What

1041
00:56:20.039 --> 00:56:23.440
should I be doing? What do you what should be doing?

1042
00:56:23.480 --> 00:56:23.840
Guys?

1043
00:56:24.119 --> 00:56:25.639
Well, Roth, iray maxim out.

1044
00:56:25.639 --> 00:56:28.480
You're right, Roth, iray in the spy, right, h That's

1045
00:56:28.480 --> 00:56:29.360
why I told him.

1046
00:56:30.239 --> 00:56:34.519
Well ask why I think QQQ Yeah, QQQ definitely Q exact.

1047
00:56:34.599 --> 00:56:36.639
Yeah, when you're that young, tech is what's going on

1048
00:56:36.719 --> 00:56:39.719
right nowly just the QQQ as well, which is follows

1049
00:56:39.760 --> 00:56:42.079
the NASDAK. Do you have a fifty to fifty split

1050
00:56:42.519 --> 00:56:44.400
on that, But definitely the roth iray is the way

1051
00:56:44.440 --> 00:56:48.480
to go. Anybody under actually anybody, but definitely important for

1052
00:56:48.480 --> 00:56:51.320
people under thirty five to start looking at to do

1053
00:56:51.360 --> 00:56:53.679
a wroth for and catch a big company roth ira

1054
00:56:53.840 --> 00:56:56.079
on your own because I gross tax free, so you

1055
00:56:56.119 --> 00:56:58.320
know what you paid the taxes today, don't have to

1056
00:56:58.320 --> 00:56:59.480
worry about it in thirty years.

1057
00:56:59.519 --> 00:57:01.320
It's part point what we were just talking about. With

1058
00:57:01.360 --> 00:57:03.800
the pees of the Nasdaq it's about forty right now

1059
00:57:03.840 --> 00:57:06.760
and the S ANDP is thirty something like that.

1060
00:57:06.840 --> 00:57:07.159
Thirty.

1061
00:57:07.440 --> 00:57:08.400
Well, if you look at.

1062
00:57:08.360 --> 00:57:11.800
The analyzed return of the Nasdaq's it's around twelve and

1063
00:57:11.840 --> 00:57:15.400
the S andps around ten, right because the Nasdaq is

1064
00:57:15.440 --> 00:57:18.920
more risky stocks, nas DEK has had way bigger draw

1065
00:57:19.000 --> 00:57:21.480
downs than the S and P. But if you're someone

1066
00:57:21.480 --> 00:57:24.800
who's young, it makes sense to do something like that

1067
00:57:24.880 --> 00:57:27.840
because the draw downs are not impacting you, especially when

1068
00:57:27.840 --> 00:57:30.039
you're contributing on an ongoing systematic basis.

1069
00:57:30.079 --> 00:57:32.239
Right, and don't worry about who's president, don't worry about

1070
00:57:32.239 --> 00:57:35.599
what's doing, don't worry about what Kim Jong ong is doing.

1071
00:57:35.639 --> 00:57:37.440
Worry about making your contribution.

1072
00:57:37.159 --> 00:57:38.920
Making your contribution, or even.

1073
00:57:38.719 --> 00:57:41.159
What trend's falling out of favor, because the perfect thing

1074
00:57:41.199 --> 00:57:43.480
about the QQQ is they're going to take coming. I mean,

1075
00:57:43.559 --> 00:57:46.559
KKUQ in two thousand and one does not look like

1076
00:57:46.800 --> 00:57:48.199
what QQQ looks like now.

1077
00:57:48.320 --> 00:57:50.239
No, right, I think I've sat on the show before

1078
00:57:50.280 --> 00:57:52.280
it got to five thousand and then drop back to

1079
00:57:52.320 --> 00:57:54.880
two thousand. I think we'll never see five thousand again. Honestly,

1080
00:57:55.000 --> 00:57:57.360
I honestly believe that we never see five thousand again.

1081
00:57:57.480 --> 00:57:58.119
What is it today?

1082
00:57:58.159 --> 00:58:03.440
Twenty one thousand change? Yeah, the five thousand didn't really

1083
00:58:03.920 --> 00:58:06.960
stop it, did it. A couple other doustocks reported this

1084
00:58:07.000 --> 00:58:09.920
week McDonald's, which has been struggling a little bit, came

1085
00:58:09.920 --> 00:58:12.079
out with a pretty strong corner. I guess this quarter,

1086
00:58:12.199 --> 00:58:16.079
I guess the snack raps are catching fire. I was

1087
00:58:16.079 --> 00:58:18.639
surprised at Disney. Disney came out with a pretty darn

1088
00:58:18.719 --> 00:58:22.760
good report, and I thought their deal with the NFL dealing,

1089
00:58:23.000 --> 00:58:24.639
which I did a pretty good deal, right.

1090
00:58:24.880 --> 00:58:27.559
Yeah, they got NFL red Zone and that now and

1091
00:58:27.599 --> 00:58:29.480
the reason NFL gave it to him or sold it

1092
00:58:29.519 --> 00:58:32.039
to him whatever is now they're allowing ESPN's going to

1093
00:58:32.119 --> 00:58:36.480
be able to do red Zone type of features on

1094
00:58:36.960 --> 00:58:40.880
ZBA football, on NBA, on NHL, because I know NHL

1095
00:58:40.960 --> 00:58:43.559
is trying it, but it's they have more freedom now

1096
00:58:43.639 --> 00:58:46.239
than just keeping it NFL red Zone only because it

1097
00:58:46.320 --> 00:58:49.519
is a very popular program, and definitely for Saturday football.

1098
00:58:49.960 --> 00:58:51.960
Putting it all together for college football I think would

1099
00:58:51.960 --> 00:58:52.440
be huge.

1100
00:58:52.880 --> 00:58:56.159
I'm generally outside on the weekend Saturdays and Sundays, but

1101
00:58:56.199 --> 00:58:59.800
once in a while I'll get back, and especially especially

1102
00:58:59.840 --> 00:59:03.440
when time changes when the games are later, I'll catch

1103
00:59:03.480 --> 00:59:05.719
it an hour or two and I always just turn

1104
00:59:05.719 --> 00:59:07.440
on red Zone. I don't turn anything else.

1105
00:59:08.159 --> 00:59:11.000
Yeah, I agree, Especially as a fantasy football player, you're

1106
00:59:11.039 --> 00:59:13.320
gonna be watching Red Zone most likely because it's just

1107
00:59:13.320 --> 00:59:14.480
an easier thing to follow.

1108
00:59:14.840 --> 00:59:16.639
Well, if you don't get that Sunday ticket, you don't

1109
00:59:16.639 --> 00:59:18.920
get every game, and you only get the local games,

1110
00:59:18.960 --> 00:59:21.440
so red Zone at least you get to see what's

1111
00:59:21.440 --> 00:59:22.760
going on on all the games.

1112
00:59:22.840 --> 00:59:24.440
Some people also don't like the box thing.

1113
00:59:24.480 --> 00:59:26.360
When you have like four different games going on, there's

1114
00:59:26.639 --> 00:59:28.199
they want the one thing on their screen.

1115
00:59:28.880 --> 00:59:30.800
It's our short term attention span. Now, all you want

1116
00:59:30.840 --> 00:59:33.360
is to highlight, which is NFL Red Zone is all highlights.

1117
00:59:33.960 --> 00:59:35.800
And when they don't have anything going on, they don't

1118
00:59:35.800 --> 00:59:36.599
show you commercials.

1119
00:59:36.639 --> 00:59:37.320
That's a big thing.

1120
00:59:37.440 --> 00:59:39.840
Actually they started doing commercials last year. Maybe that's why

1121
00:59:39.880 --> 00:59:40.400
they sold.

1122
00:59:40.239 --> 00:59:42.519
It and to that point. So I was thinking about

1123
00:59:42.519 --> 00:59:44.719
social media because I looked at snapchats earnings this week

1124
00:59:44.760 --> 00:59:46.519
and I saw that they dropped about twenty percent, and

1125
00:59:46.559 --> 00:59:48.639
I was wondering, why is that company doing so bad?

1126
00:59:48.960 --> 00:59:51.679
Because I feel like everybody around our age does use snapshot.

1127
00:59:51.800 --> 00:59:53.400
They don't have reels, right.

1128
00:59:53.280 --> 00:59:56.599
No, they do do that, it's just not very.

1129
00:59:56.559 --> 00:59:59.960
The snapeographic is like fifteen to twenty five.

1130
01:00:00.800 --> 01:00:03.119
You will see, Yeah, you get older, you use it

1131
01:00:03.199 --> 01:00:04.159
lesson lot less.

1132
01:00:04.400 --> 01:00:06.639
And that was true when I was twenty to twenty five,

1133
01:00:06.679 --> 01:00:08.039
I was using it a lot and then I just

1134
01:00:08.199 --> 01:00:09.480
you just stop using it as much.

1135
01:00:09.559 --> 01:00:12.239
Yeah, I agree, I mean I don't use it now.

1136
01:00:12.280 --> 01:00:14.440
I don't know every ear and then out of nowhere

1137
01:00:14.480 --> 01:00:18.000
they pop again, and then and next earnings they'll tank again.

1138
01:00:18.119 --> 01:00:18.559
I don't know.

1139
01:00:18.679 --> 01:00:20.159
I mean, do you guys use it at all?

1140
01:00:20.440 --> 01:00:22.360
I use phone? Yeah.

1141
01:00:22.400 --> 01:00:24.199
I don't think they don't have a great monetor they

1142
01:00:24.199 --> 01:00:25.639
don't get any money for Yeah, I was gonna say

1143
01:00:25.599 --> 01:00:27.840
that they don't have a great monetization aspect of it

1144
01:00:27.920 --> 01:00:30.760
because of there's no advertisements. I mean, I'm sure there

1145
01:00:30.840 --> 01:00:32.320
is with you if you go through the reels or

1146
01:00:32.320 --> 01:00:33.000
something on it.

1147
01:00:33.000 --> 01:00:34.559
Or the little news use it.

1148
01:00:34.599 --> 01:00:36.119
I mean my cousin when he was like twenty and

1149
01:00:36.119 --> 01:00:39.800
twenty one, he would text on it like people text

1150
01:00:39.840 --> 01:00:43.920
on chat rather than texting on through SMS or No.

1151
01:00:44.000 --> 01:00:46.599
Their only chance really is to develop out. They have

1152
01:00:46.639 --> 01:00:49.639
a portion that's like reels oriented, and the way I've

1153
01:00:49.679 --> 01:00:52.159
seen it's more they're longer videos and they're almost like

1154
01:00:52.239 --> 01:00:54.440
clips of old movies and TV.

1155
01:00:54.519 --> 01:00:57.079
Yeah, not instant gratification with we want so.

1156
01:00:57.960 --> 01:00:59.840
Or just lean into what it is and what it's

1157
01:00:59.840 --> 01:01:02.440
all always been is just sending pictures to each other

1158
01:01:02.480 --> 01:01:03.320
and videos and stuff.

1159
01:01:03.639 --> 01:01:06.400
Disney Factor to close that chapter was down four percent

1160
01:01:06.440 --> 01:01:09.760
of the week. I'm very disappointed. It's been a It's

1161
01:01:09.760 --> 01:01:12.840
been a pretty strong stock this year, was leading the Dow.

1162
01:01:12.960 --> 01:01:15.639
One of the top stocks in the Dow averages and

1163
01:01:15.719 --> 01:01:19.320
to see it back off like yeah, I mean Marvel struggling.

1164
01:01:19.360 --> 01:01:21.039
Though, Marvel's struggling.

1165
01:01:21.079 --> 01:01:23.159
Fantastic four is going to leave the main box office

1166
01:01:23.440 --> 01:01:24.480
barely breaking even.

1167
01:01:24.920 --> 01:01:26.400
Uh, Thunderbolts, which I heard.

1168
01:01:26.280 --> 01:01:28.159
Was a good movie, still didn't do well because I

1169
01:01:28.199 --> 01:01:31.320
think people are just tired of Marvel in this Face

1170
01:01:31.360 --> 01:01:33.960
two or like the New World or the stream.

1171
01:01:33.920 --> 01:01:35.480
Was good, their cruisers are good.

1172
01:01:35.800 --> 01:01:38.039
Yeah, Marvel is a big thing though for the last

1173
01:01:38.159 --> 01:01:41.119
decade because of Avengers and all those I guess. And

1174
01:01:41.159 --> 01:01:44.920
then but you got Disney Plus is rolling Hulu. They

1175
01:01:45.000 --> 01:01:47.480
owned the majority of who the rolling Hulu into Disney Plus.

1176
01:01:47.519 --> 01:01:49.519
So Hulu has a standalone app is going to cease

1177
01:01:49.559 --> 01:01:52.360
to exist pretty soon and it's going to go into

1178
01:01:52.639 --> 01:01:54.920
the Disney app. So maybe that gets more people going

1179
01:01:54.960 --> 01:01:57.519
to the Disney streaming serves because if you watch Ulu,

1180
01:01:57.639 --> 01:01:59.400
you could have just gone to the Hulu website now

1181
01:01:59.400 --> 01:02:00.719
goes straight to I don't know.

1182
01:02:01.079 --> 01:02:03.119
I guess maybe there's so many movie and parts dealing

1183
01:02:03.159 --> 01:02:05.280
there's always something you can find it's not working.

1184
01:02:05.639 --> 01:02:05.800
Well.

1185
01:02:05.840 --> 01:02:08.000
I saw the chart, and there's always something that's working.

1186
01:02:08.079 --> 01:02:09.920
Yeah, I mean, if you're looking for the If you're

1187
01:02:09.920 --> 01:02:12.400
looking for the negative with Disney, you can always find something.

1188
01:02:12.800 --> 01:02:13.000
Yeah.

1189
01:02:13.000 --> 01:02:14.679
I was looking at a chart all the streaming apps,

1190
01:02:14.719 --> 01:02:18.440
and Hulu wasn't even top three. It was it was Disney,

1191
01:02:18.559 --> 01:02:20.480
then it was HBO Max, and their.

1192
01:02:21.239 --> 01:02:23.000
Died off when Disney took a majority stake.

1193
01:02:23.199 --> 01:02:23.440
Yeah.

1194
01:02:23.519 --> 01:02:24.760
I used to watch it all the time, and I.

1195
01:02:24.800 --> 01:02:26.440
Just they're not even Peacock's bigger.

1196
01:02:26.760 --> 01:02:29.320
Yeah, yeahs Peacock, But like, yeah, who just kind of

1197
01:02:29.360 --> 01:02:31.519
died off and it's been more Disney took it over,

1198
01:02:31.559 --> 01:02:33.320
didn't really try to expand. It used to be better

1199
01:02:33.360 --> 01:02:36.079
because of TV shows, but then all these other streaming

1200
01:02:36.119 --> 01:02:40.400
services like NBC, Peacock, they got their own TV shows

1201
01:02:40.400 --> 01:02:42.400
back on there so they couldn't be aired on Hulu,

1202
01:02:42.679 --> 01:02:45.000
and then it just kind of started dwindling away.

1203
01:02:45.519 --> 01:02:51.360
You know who owns Universal Studios? No Comcast Comcast.

1204
01:02:51.519 --> 01:02:52.000
Interesting.

1205
01:02:52.360 --> 01:02:55.559
Interesting they also have a guest on that report well

1206
01:02:55.599 --> 01:02:56.960
either similar.

1207
01:02:56.719 --> 01:02:58.920
Who owns Paramount? I don't know who olds Paramount.

1208
01:02:58.920 --> 01:03:00.480
That was Paramount's Paramu.

1209
01:03:00.440 --> 01:03:05.039
Paramount's owned by Paramount because they they've done they had

1210
01:03:05.679 --> 01:03:07.320
what's the I can't think of the name of the

1211
01:03:07.320 --> 01:03:09.840
show that went after Trump and the White House South Park.

1212
01:03:10.159 --> 01:03:14.679
The South Park is absolutely bashed the whole Trump administration

1213
01:03:14.880 --> 01:03:16.119
for several episodes of.

1214
01:03:16.400 --> 01:03:17.320
It was pretty impressive.

1215
01:03:17.480 --> 01:03:20.559
South Park bashes everything everywhere all the time. That's what

1216
01:03:20.599 --> 01:03:20.960
they do.

1217
01:03:22.079 --> 01:03:25.079
They also signed a billion dollar contract with Paramount to

1218
01:03:25.239 --> 01:03:26.039
start going on them.

1219
01:03:26.719 --> 01:03:27.920
What kind of what you expect?

1220
01:03:27.960 --> 01:03:29.599
H oh yeah, nothing.

1221
01:03:29.360 --> 01:03:31.000
New to what they do. Well, I'm pretty sure Trump

1222
01:03:31.079 --> 01:03:34.920
sued them for the which is just I just think

1223
01:03:34.920 --> 01:03:37.400
it's a little ridiculous when you're like your freedom of speech,

1224
01:03:37.440 --> 01:03:39.840
you know, and then you go out and suit them, Like.

1225
01:03:39.840 --> 01:03:41.440
Wow, you can also sue whatever you want.

1226
01:03:42.199 --> 01:03:44.119
Character, Oh well, not freedom of speech.

1227
01:03:44.440 --> 01:03:46.840
Your Berkshire Hathaway has been drifted in south ever since.

1228
01:03:46.920 --> 01:03:49.400
Warren said he's gonna step down and step away as

1229
01:03:49.719 --> 01:03:52.239
the opera chief operating officer and become the chairman of

1230
01:03:52.280 --> 01:03:54.920
the board ninety five. I guess he's a quitter. I

1231
01:03:54.960 --> 01:03:55.280
don't know.

1232
01:03:56.559 --> 01:03:58.159
Yeh, six decades wasn't it enough?

1233
01:03:59.400 --> 01:04:03.480
What a quitter? But in August, right, it was just month.

1234
01:04:03.559 --> 01:04:05.920
So he's now going to become chairman of the board

1235
01:04:05.960 --> 01:04:09.400
and the stock they were afforded a four percent year

1236
01:04:09.440 --> 01:04:13.760
over year decline in profit. They had their cash, They've

1237
01:04:13.760 --> 01:04:17.960
got three hundred and forty four billion dollars in cash,

1238
01:04:18.000 --> 01:04:21.519
which is near a record high. And also the company

1239
01:04:21.639 --> 01:04:25.280
was a net seller of stock for an eleventh consecutive quarter.

1240
01:04:26.239 --> 01:04:29.000
That's kind of interesting with the market setting new all

1241
01:04:29.039 --> 01:04:29.599
time highs.

1242
01:04:29.639 --> 01:04:31.239
I got something for you to go for it, you

1243
01:04:31.280 --> 01:04:34.519
know the hot spaces that we're all missing right now.

1244
01:04:35.159 --> 01:04:35.559
I don't know.

1245
01:04:35.920 --> 01:04:42.480
It's a mining what do they mind? Lithium, gold, gold miners, gold?

1246
01:04:42.559 --> 01:04:44.159
Are the gold miners finally waking.

1247
01:04:43.960 --> 01:04:47.519
Up this week?

1248
01:04:47.719 --> 01:04:47.920
Yeah?

1249
01:04:48.440 --> 01:04:52.679
The running with gold dx gd X, ETF ten percent

1250
01:04:53.079 --> 01:04:54.440
this week, ETF.

1251
01:04:54.280 --> 01:04:56.719
This week, this week d X, Yeah.

1252
01:04:57.079 --> 01:05:00.159
Yeah, because often the miners don't go along with the

1253
01:05:00.159 --> 01:05:00.599
the medal.

1254
01:05:00.800 --> 01:05:04.119
They've been lagging a little bit considering how much gold

1255
01:05:04.159 --> 01:05:07.079
has been increasing this year. But yeah, finally, and I

1256
01:05:07.079 --> 01:05:09.280
would read some reports and they still might be undervalued,

1257
01:05:09.320 --> 01:05:12.280
so that that could be an interesting space. Not recommending

1258
01:05:12.280 --> 01:05:17.039
anything but gold miners itself. They are they've been lagging

1259
01:05:17.079 --> 01:05:19.280
for a while. Like right now their priced at the

1260
01:05:19.280 --> 01:05:21.760
same level. GDX is at the same level it was

1261
01:05:21.840 --> 01:05:23.079
in twenty eleven.

1262
01:05:22.840 --> 01:05:25.719
And gold is much higher than that, hitting thirty five hundred.

1263
01:05:25.840 --> 01:05:27.239
What did we close the week up for gold?

1264
01:05:27.679 --> 01:05:30.760
Thirty thirty four change four change. Yeah, in fact, a

1265
01:05:30.800 --> 01:05:33.320
good trying to with up two percent on the week,

1266
01:05:33.360 --> 01:05:37.440
Europe up three percent, Oil down four dollars sixty three eighty.

1267
01:05:37.480 --> 01:05:40.000
You don't generally see that in the economy that's cranking.

1268
01:05:41.280 --> 01:05:43.639
Gold up fifty four dollars to thirty four or two

1269
01:05:43.639 --> 01:05:45.760
bitcoin gain three percent. Had a good week.

1270
01:05:45.880 --> 01:05:46.119
YEP.

1271
01:05:46.800 --> 01:05:51.440
Interest rates did edge higher. You'll remember last Friday, interest

1272
01:05:51.519 --> 01:05:55.199
rates plunged after that Job's report. Yeah, where everybody wait

1273
01:05:55.199 --> 01:05:56.880
a say, we're gonna have all We're gonna get the

1274
01:05:57.000 --> 01:06:00.280
Fed dropping race now Now now they're rethinking that bit.

1275
01:06:00.360 --> 01:06:01.639
So there's not much of an increase.

1276
01:06:01.639 --> 01:06:03.719
And the mortgage rate did decrease now the six point

1277
01:06:03.719 --> 01:06:06.760
sixty three, so it's getting to the mid sixes now,

1278
01:06:06.800 --> 01:06:08.679
which if you can stay there you might get a

1279
01:06:08.679 --> 01:06:11.239
little bit of a boystring of the the housing sector

1280
01:06:11.280 --> 01:06:14.159
because it has kind of come off of its bottoms

1281
01:06:14.320 --> 01:06:16.880
from the stock perspective. I don't know about true sales,

1282
01:06:16.920 --> 01:06:19.880
but we'll continue to see the reports as they come in.

1283
01:06:20.079 --> 01:06:22.639
About three months ago, my my buddy, who's one of

1284
01:06:22.639 --> 01:06:27.039
the top realtors in Tucson who works almost exclusively in

1285
01:06:27.119 --> 01:06:30.400
seven figure homes, said he used the term blood in

1286
01:06:30.440 --> 01:06:33.159
the streets. Right. I talked to him last week and

1287
01:06:33.280 --> 01:06:36.559
he is busier than he's been post he posted sales

1288
01:06:36.599 --> 01:06:39.239
on Facebook. I've seen three multi million dollar sales this

1289
01:06:39.320 --> 01:06:44.360
week face on his Facebook page neighbors House. I live

1290
01:06:44.400 --> 01:06:46.719
in a neighborhood where there's only seventeen homes and.

1291
01:06:46.679 --> 01:06:50.039
It's only seventeen Yeah, and it's a fairly you live

1292
01:06:50.079 --> 01:06:52.079
in whateverhood you live in the four.

1293
01:06:51.960 --> 01:06:54.480
Little historic history. Yeah, and it's right next to the

1294
01:06:54.519 --> 01:06:57.199
Gregory School, and it's it's like you're living out in

1295
01:06:57.199 --> 01:06:59.360
the country, but you're in the middle of town. And

1296
01:06:59.360 --> 01:07:01.559
and those home don't come on the market very often,

1297
01:07:01.599 --> 01:07:04.800
and they generally sell within twenty four to forty eight hours,

1298
01:07:05.000 --> 01:07:08.920
multiple offers typically. My next door neighbor put his on

1299
01:07:09.199 --> 01:07:12.400
the market. It'sat there for two weeks, had one offer

1300
01:07:12.480 --> 01:07:14.960
in two weeks and that fell a park and then

1301
01:07:15.000 --> 01:07:18.199
they brought it back on the market about a week

1302
01:07:18.199 --> 01:07:21.320
ago and there were four offers back to normal.

1303
01:07:21.280 --> 01:07:22.719
When they brought it back on the market. How much

1304
01:07:22.760 --> 01:07:23.559
of a discount to do.

1305
01:07:23.960 --> 01:07:24.920
Nothing at all?

1306
01:07:24.960 --> 01:07:25.440
Nothing at all?

1307
01:07:25.480 --> 01:07:27.960
Yeah, the highest sale ever in the neighborhood. Cool, So

1308
01:07:28.559 --> 01:07:29.679
yay for us, Right.

1309
01:07:29.639 --> 01:07:33.920
Yeah, we always talk about how you want to purchase

1310
01:07:33.960 --> 01:07:37.159
stocks that you use like Spotify, You just Spotify. Peter

1311
01:07:37.280 --> 01:07:39.280
Lynch yet, huh Peter Lynch.

1312
01:07:39.559 --> 01:07:41.360
Yeah, Peter Lynch had it was the head of the

1313
01:07:41.400 --> 01:07:43.920
Magellan find for years and that's that was his mantra.

1314
01:07:44.199 --> 01:07:46.159
But you have Dylan and Todd have been trying to

1315
01:07:46.199 --> 01:07:48.320
teach themselves Spanish here in the office over the past

1316
01:07:48.400 --> 01:07:50.559
couple of months, and Dual Lingo had a hell of

1317
01:07:50.599 --> 01:07:53.719
a week they had. They jumped fourteen percent after posting

1318
01:07:53.760 --> 01:07:56.360
a second quarter beat top and bottom lines, and then

1319
01:07:56.519 --> 01:07:59.039
just raise their guidance going forward. The app's doing pretty well.

1320
01:07:59.280 --> 01:08:03.760
Did they hear about the guys studying Are you trying

1321
01:08:03.760 --> 01:08:04.840
to learn speak Spanish?

1322
01:08:04.880 --> 01:08:05.000
Oh?

1323
01:08:05.000 --> 01:08:06.079
I already learned Spanish.

1324
01:08:06.159 --> 01:08:07.079
Oh you know Spanish?

1325
01:08:07.119 --> 01:08:08.159
Yeah, I got chat GBT.

1326
01:08:09.079 --> 01:08:10.320
Oh yeah, so you don't.

1327
01:08:10.159 --> 01:08:11.480
Need it, you don't need Lingo.

1328
01:08:11.559 --> 01:08:13.800
And I realized, I'm like, why would you learn a

1329
01:08:13.880 --> 01:08:17.239
language when in three years you can know every language.

1330
01:08:18.119 --> 01:08:19.039
It's kind of.

1331
01:08:18.960 --> 01:08:21.119
A now you put your phone out there, right, and

1332
01:08:21.119 --> 01:08:21.800
they got right, Yeah, I.

1333
01:08:21.760 --> 01:08:23.079
Mean, I'm just gonna have an earpiece that I can

1334
01:08:23.119 --> 01:08:25.000
talk to anyone in the world, and I just got

1335
01:08:25.000 --> 01:08:26.039
to know one language to do it.

1336
01:08:26.079 --> 01:08:26.680
That's amazing.

1337
01:08:26.680 --> 01:08:27.199
So why would I?

1338
01:08:27.319 --> 01:08:28.680
Yeah, that's absolutely why would you?

1339
01:08:29.159 --> 01:08:30.640
Some other things I need to work on right now.

1340
01:08:30.680 --> 01:08:33.520
Phenomenal techno. Yeah, I know that. We all know that

1341
01:08:34.399 --> 01:08:38.479
there was a There was a Eli Lilly, which has

1342
01:08:38.520 --> 01:08:41.640
been a favorite stock of Wall Street for a couple

1343
01:08:41.680 --> 01:08:44.079
of years. A lot of stuff going on there. They're

1344
01:08:44.079 --> 01:08:46.960
a leader in GLP one. They've got an Alzheimer's drug

1345
01:08:47.079 --> 01:08:50.960
that's coming. Uh. They have a pill that they're bringing

1346
01:08:50.960 --> 01:08:54.239
out for weight loss, and they drop more than ten

1347
01:08:54.279 --> 01:08:57.720
percent at the open on Thursday, despite reporting a second

1348
01:08:57.800 --> 01:09:01.239
quarter earnings and revenue beat company. He raised guidance for

1349
01:09:01.279 --> 01:09:05.199
the full year. Why would he drop the pill? Their

1350
01:09:05.279 --> 01:09:10.079
experimental daily weight loss pill help patients lose only twelve percent?

1351
01:09:10.760 --> 01:09:11.399
Wasn't enough?

1352
01:09:12.079 --> 01:09:12.560
Not enough?

1353
01:09:12.840 --> 01:09:17.039
Hit both expectations that was set by Eli Lilly. Yes,

1354
01:09:17.079 --> 01:09:20.199
but investors have really high expectations.

1355
01:09:20.359 --> 01:09:24.319
Stock dropped one hundred dollars on a Thursday and then

1356
01:09:24.439 --> 01:09:27.720
continued to drop on Friday, hit a fifty two week

1357
01:09:27.800 --> 01:09:33.800
old going the route of Noble. Interestingly, the stock is

1358
01:09:33.840 --> 01:09:36.479
still even after losing one hundred and twenty dollars in

1359
01:09:36.520 --> 01:09:39.359
the last two days of last week, still twenty nine

1360
01:09:39.399 --> 01:09:43.680
times earnings, and for comparison, Pfizer is eight times earnings

1361
01:09:43.960 --> 01:09:48.520
and Murk is nine times earnings, and Lily, after getting

1362
01:09:48.840 --> 01:09:51.359
hammered to a fifty two week old, is still twenty

1363
01:09:51.439 --> 01:09:55.680
nine times earnings. So there's a lot of downside potential

1364
01:09:56.119 --> 01:10:01.800
in Lily. The competitor Nova Nordic's down fifty percent this year.

1365
01:10:02.479 --> 01:10:07.680
Sebastian's favorite stock, rallied ten percent after the Lily news

1366
01:10:07.720 --> 01:10:10.960
on hope that maybe their weight loss piel is going

1367
01:10:11.039 --> 01:10:13.399
to be okay after all. I think it was a

1368
01:10:13.439 --> 01:10:17.600
ten percent, But maybe there's the one thing we've decided

1369
01:10:17.640 --> 01:10:24.119
in the office here regarding healthcare pharmaceuticals that whole space

1370
01:10:24.760 --> 01:10:27.920
is you're just probably better off to stay away from

1371
01:10:27.920 --> 01:10:31.439
it right now. There are so many moving parts. There

1372
01:10:31.479 --> 01:10:38.720
are tariff tantrums weekly about these spaces. You've got United

1373
01:10:38.760 --> 01:10:44.119
Healthcare being investigated by the DOJ. You've got Lily saying

1374
01:10:44.119 --> 01:10:47.199
the weight loss drug bolling and Trump talking about one

1375
01:10:47.279 --> 01:10:49.520
hundred and two hundred and two hundred and fifty percent

1376
01:10:49.800 --> 01:10:52.720
tariffs and how that's going to impact.

1377
01:10:53.399 --> 01:10:56.319
Yeah, and also they make it an essential medicine.

1378
01:10:56.000 --> 01:10:58.359
Right and todd out of this is going to come

1379
01:10:58.439 --> 01:11:02.760
some opportunities. But if you're buying into this space right now,

1380
01:11:02.760 --> 01:11:06.560
you're trying to catch a fally knife. And my experience

1381
01:11:06.760 --> 01:11:09.439
is if you're able to do that, you look pretty

1382
01:11:09.520 --> 01:11:12.800
darn talented, right, but almost no one can do it.

1383
01:11:12.840 --> 01:11:14.840
You generally end up getting cut when you try to

1384
01:11:14.840 --> 01:11:15.880
catch a falling knife.

1385
01:11:16.479 --> 01:11:18.960
Healthcare is a real tough space to be in, especially

1386
01:11:19.000 --> 01:11:21.640
with like RFK being in there, with any day he

1387
01:11:21.640 --> 01:11:24.439
could have a new groundbreaking decision.

1388
01:11:24.159 --> 01:11:27.159
No question. I mean, there's just so much going on

1389
01:11:27.239 --> 01:11:29.479
in that space, and you don't know. It's a headline

1390
01:11:29.560 --> 01:11:31.840
driven you don't know from one day to the next

1391
01:11:31.840 --> 01:11:35.800
that's going to happen. There are some opportunities to short

1392
01:11:35.880 --> 01:11:40.239
term trade maybe in these but again, when you're playing

1393
01:11:40.279 --> 01:11:44.439
around in this space with this administration, whether it be

1394
01:11:44.560 --> 01:11:48.359
Trump or RFK or whomever, you're trying to catch a

1395
01:11:48.399 --> 01:11:52.439
fally knife. And forty years of experience tells me that

1396
01:11:53.279 --> 01:11:55.479
most of the time you end up cutting yourself pretty

1397
01:11:55.479 --> 01:11:58.000
badly when you try to catch a falling knife. If

1398
01:11:58.039 --> 01:12:01.000
you can pull it off, good for you. We got

1399
01:12:01.000 --> 01:12:03.520
a couple more segments coming up. We appreciate your listening

1400
01:12:03.560 --> 01:12:05.239
to us because, like I said before, if you weren't

1401
01:12:05.239 --> 01:12:08.159
listening to us, this whole thing would look kind of stupid. Anyway,

1402
01:12:08.159 --> 01:12:10.239
we'll be back right after the break. Thanks again.

1403
01:12:11.520 --> 01:12:13.640
Welcome back to the Money Matter Show Money Mistubastian Bor

1404
01:12:13.680 --> 01:12:15.720
seeing him here with Todd click Junior, Dylan Greenberg, and

1405
01:12:15.800 --> 01:12:17.960
David Sherwood. Last segments, we were talking a little bit

1406
01:12:17.960 --> 01:12:24.359
about falling knives in the healthcare center sector. Falling knife Celsius.

1407
01:12:24.399 --> 01:12:26.039
That was a falling knife for quite some time. That

1408
01:12:26.079 --> 01:12:28.680
stock was trading around one hundred dollars a share, came

1409
01:12:28.680 --> 01:12:30.319
down all the way to twenty dollars, and then they

1410
01:12:30.359 --> 01:12:33.239
acquired Elani Knew. They ended up going about fifty percent

1411
01:12:33.319 --> 01:12:36.279
this week off of that acquisition. Their sales grew over

1412
01:12:36.319 --> 01:12:38.800
one hundred and fifty percent through that acquisition.

1413
01:12:38.880 --> 01:12:39.439
That's amazing.

1414
01:12:40.119 --> 01:12:41.039
You had thought it would.

1415
01:12:41.119 --> 01:12:43.800
I mean, you guys were on top of you, especially Sebastian,

1416
01:12:43.800 --> 01:12:46.159
were on top of that. I think that that was

1417
01:12:46.199 --> 01:12:47.039
a pretty smart move.

1418
01:12:47.119 --> 01:12:49.439
Didn't make enough on it. How did doctor uh s

1419
01:12:49.720 --> 01:12:50.640
twenty percent this week?

1420
01:12:50.800 --> 01:12:51.880
Of twenty percent this week?

1421
01:12:51.960 --> 01:12:54.479
I said that, yeah, yeah, And it's trading around, you know,

1422
01:12:54.520 --> 01:12:56.720
from its lows around twenty dollars a share. It's starting

1423
01:12:56.760 --> 01:12:58.720
around fifty now still pretty well.

1424
01:12:59.119 --> 01:13:01.920
Uh, just sticking with that space a little bit. That

1425
01:13:02.079 --> 01:13:05.239
United Healthcare, by farther words performing dovestock down more than

1426
01:13:05.279 --> 01:13:08.399
fifty percent, hit a six year low in the cellof

1427
01:13:08.439 --> 01:13:11.159
last Friday a week could go Friday, but about seven

1428
01:13:11.239 --> 01:13:15.239
percent after Piper Sandler reiterated their by rating with a

1429
01:13:15.279 --> 01:13:18.640
price twenty percent above where's currently trading. You know, the

1430
01:13:18.720 --> 01:13:21.399
one thing about United Healthcare, First of all, it's at Dowstock,

1431
01:13:21.439 --> 01:13:24.920
and we've seen with Boeing, We've seen with Disney, we've

1432
01:13:24.960 --> 01:13:28.359
seen with three AM and those stocks, and Video was

1433
01:13:28.399 --> 01:13:30.520
at the bottom of the list. Those stocks do not

1434
01:13:30.680 --> 01:13:33.199
those dovestocks do not tend to stay at the bottom

1435
01:13:33.199 --> 01:13:34.840
of that list. They tend to go to the top

1436
01:13:34.880 --> 01:13:38.279
of that list unless they take them off like Intel Walgreens.

1437
01:13:38.279 --> 01:13:40.840
So there is always that risk, right that they take

1438
01:13:40.880 --> 01:13:43.319
you out of the tow and then they're like Katie

1439
01:13:43.359 --> 01:13:46.279
bar the door. But the one thing that with the

1440
01:13:46.359 --> 01:13:49.680
United Healthcare that I kind of keep going back to

1441
01:13:50.399 --> 01:13:54.159
is there was some significant insider buying. I think it

1442
01:13:54.239 --> 01:13:58.239
closed out the week around two fifty at three hundred dollars.

1443
01:13:58.600 --> 01:14:00.960
Their new CEO who I think I think it's seventy

1444
01:14:01.000 --> 01:14:04.760
four years old. Bought twenty million dollars worth of the

1445
01:14:04.800 --> 01:14:08.840
stock at three hundred dollars, it's now two fifty. No

1446
01:14:09.920 --> 01:14:12.119
is is it good to follow the insiders?

1447
01:14:12.199 --> 01:14:12.479
Yes?

1448
01:14:13.359 --> 01:14:15.640
You know, poor Trump can't get a break, right? Did

1449
01:14:16.079 --> 01:14:18.399
do you see American Eagles with their new their new

1450
01:14:18.560 --> 01:14:23.439
uh yeah, ad campaign with the Sydney Sweeney down fifty

1451
01:14:23.479 --> 01:14:26.640
percent to ship jump twenty percent on Monday after Trump

1452
01:14:27.199 --> 01:14:31.319
called it the hottest campaign ad campaign out there, and

1453
01:14:31.359 --> 01:14:33.640
of course, seeing it is all over that way, this

1454
01:14:33.720 --> 01:14:37.560
slimy guy went to you know, sexist, right, And what

1455
01:14:37.600 --> 01:14:39.479
they don't tell you is if you listen to the

1456
01:14:39.479 --> 01:14:44.159
whole thing Trump. Trump's statement was in response to her

1457
01:14:44.199 --> 01:14:47.760
book order telling him that Sydney Sweeney was a registered

1458
01:14:47.800 --> 01:14:51.600
Republican in Florida, there was Trump said, oh, well, then

1459
01:14:51.640 --> 01:14:55.159
it's the hottest ad campaign out there, you know, you know,

1460
01:14:55.199 --> 01:14:56.600
but you never hear the whole stock.

1461
01:14:56.640 --> 01:14:58.720
Yeah, you take stuff out of context, and you know what.

1462
01:14:58.720 --> 01:15:01.319
About can you get a can he take a break?

1463
01:15:01.880 --> 01:15:04.359
Well? I know they talk about the energy for a

1464
01:15:04.439 --> 01:15:07.560
seventy nine year old, it's amazing, it's I don't know

1465
01:15:07.600 --> 01:15:12.039
when he sleeps, I don't know the manius it was.

1466
01:15:12.119 --> 01:15:14.399
I saw an interview with the Money. He sleeps well,

1467
01:15:15.119 --> 01:15:16.840
but boy, it can't be for long.

1468
01:15:17.039 --> 01:15:19.840
He just know he's firing tweets off.

1469
01:15:19.840 --> 01:15:22.359
He mapped his tweets off, like when would his sleep be.

1470
01:15:23.640 --> 01:15:25.960
There's got to be someone else that do does his tweets?

1471
01:15:26.000 --> 01:15:29.000
No, for sure. I mean the guy's tweeting at one

1472
01:15:29.000 --> 01:15:29.600
of the mornings.

1473
01:15:29.640 --> 01:15:30.039
I've seen.

1474
01:15:30.039 --> 01:15:32.279
I've seen documentaries that like he's not even the one doing.

1475
01:15:32.319 --> 01:15:34.319
He's telling someone else like what the right and they're

1476
01:15:34.359 --> 01:15:36.079
doing it, but he's still awake.

1477
01:15:36.199 --> 01:15:38.479
I could see that. But when you you look at

1478
01:15:38.479 --> 01:15:41.560
the in the morning, but you'll look at the language

1479
01:15:41.560 --> 01:15:44.279
and the tweet this trump right, it's like Dan, you

1480
01:15:44.319 --> 01:15:44.840
know it's Dean.

1481
01:15:45.560 --> 01:15:47.560
Whether what if they developed?

1482
01:15:48.720 --> 01:15:51.359
Yeah, they do, I'm sure you know.

1483
01:15:52.039 --> 01:15:55.560
Continue with the healthcare face. Pfizer's struggling with the waning

1484
01:15:55.600 --> 01:15:57.760
of COVID, drop more than fifty percent from the all

1485
01:15:57.800 --> 01:16:00.920
time high it was higher on Tuesday after reporting a

1486
01:16:00.960 --> 01:16:06.159
good quarter. Stock does have a seven point three percent dividend.

1487
01:16:06.399 --> 01:16:08.640
So if you could get Pfizer stock to just not

1488
01:16:08.840 --> 01:16:13.319
go down seven point three percent and it is a

1489
01:16:13.359 --> 01:16:16.479
well covered dividend, it's more than double the coverage could,

1490
01:16:16.640 --> 01:16:18.359
so it's gonna be around for a long time.

1491
01:16:18.439 --> 01:16:19.920
If Pfizer got a little bit of a bid this

1492
01:16:19.960 --> 01:16:23.239
week because of Trump had some expectations of doing some

1493
01:16:23.319 --> 01:16:28.439
healthcare and semiconductor terror for something that he was trying

1494
01:16:28.439 --> 01:16:31.199
to bring stuff back to America and Pfizer was sending

1495
01:16:31.199 --> 01:16:32.600
to be more domestic and they were gonna get a

1496
01:16:32.600 --> 01:16:35.439
little bit of bid. But moving over to the semiconductor side,

1497
01:16:35.560 --> 01:16:37.640
we were all a little bit worried, like what's this

1498
01:16:37.760 --> 01:16:40.640
going to mean. I mean, obviously the entire markets tech related.

1499
01:16:40.640 --> 01:16:43.600
If you hurt the semiconductor industry, it's probably gonna mean

1500
01:16:43.800 --> 01:16:45.840
a little bit of a sell off's gonna happen. But

1501
01:16:46.000 --> 01:16:49.560
when he announced it, the market actually went up, exploded

1502
01:16:49.600 --> 01:16:52.399
higher because it seemed like the market was thinking that

1503
01:16:52.439 --> 01:16:55.000
there was gonna be a little more reaction from Trump

1504
01:16:55.079 --> 01:16:58.039
on the negative side than what he actually announced.

1505
01:16:58.399 --> 01:16:59.840
Kind of a yawn, wasn't it?

1506
01:17:00.279 --> 01:17:03.520
Major yawn in hindsight, But when you're hearing rumblings about

1507
01:17:03.640 --> 01:17:06.560
terrors on the semi conductor industry, that can definitely be

1508
01:17:06.560 --> 01:17:07.199
a scary thing.

1509
01:17:07.960 --> 01:17:10.479
Leading one of the leading industries.

1510
01:17:11.560 --> 01:17:14.000
Even with all the semiconductor news, this week. Just quietly

1511
01:17:14.119 --> 01:17:16.479
higher this week was Micron. They were up ten percent

1512
01:17:16.720 --> 01:17:21.239
after AMD's earnings. They just rallied and I thought that

1513
01:17:21.279 --> 01:17:23.279
was interesting. I thought maybe that had to do something

1514
01:17:23.319 --> 01:17:26.359
with the fact that they produce all their chips here

1515
01:17:26.359 --> 01:17:28.359
in the United States of America. I'd looked into it.

1516
01:17:28.399 --> 01:17:29.039
That's not true.

1517
01:17:30.119 --> 01:17:33.840
So Timeline SAMI had big numbers on Friday, and they're

1518
01:17:33.880 --> 01:17:35.760
the ones that manufacturer.

1519
01:17:35.239 --> 01:17:37.279
All these Yeah, they did really good.

1520
01:17:37.319 --> 01:17:40.319
I think it didn't even better because after the semi

1521
01:17:40.319 --> 01:17:43.640
conductor tariffs and they're like, oh, that's nothing, they just exploded higher.

1522
01:17:43.720 --> 01:17:46.479
Yeah, yeah, and rightfully so. I mean, they're the company

1523
01:17:46.520 --> 01:17:49.840
that makes all these fancy chips that everybody designed it.

1524
01:17:50.159 --> 01:17:53.880
N Vidia brilliantly designed, right everybody the ones that actually

1525
01:17:53.920 --> 01:17:55.840
make them happen, Yeah, they have.

1526
01:17:56.039 --> 01:17:58.720
They make a lot of these companies chips. And I

1527
01:17:58.760 --> 01:18:00.880
know Intel is trying to get into space too. They're

1528
01:18:00.880 --> 01:18:03.760
trying to change their whole company strategy to that rather

1529
01:18:03.800 --> 01:18:06.600
than creating new chips. But they can't seem to catch

1530
01:18:06.600 --> 01:18:09.079
a break either, because Trump wants to make that CEO

1531
01:18:09.199 --> 01:18:11.720
resign have to just getting appointed. Who is the head

1532
01:18:11.760 --> 01:18:17.000
of changing this whole business strategy? Can tell CEO is

1533
01:18:17.000 --> 01:18:18.880
the one that just came in four months ago who

1534
01:18:18.920 --> 01:18:20.800
wanted to change this whole thing to say, we wanted

1535
01:18:20.800 --> 01:18:24.760
to be more of a foundry like TSM and manufacture

1536
01:18:24.800 --> 01:18:27.399
the chips rather than design new chips, because the designing

1537
01:18:27.439 --> 01:18:29.119
of the chip has not been doing so well in

1538
01:18:29.119 --> 01:18:31.920
the last few years. Obviously, the company's declined and it's

1539
01:18:31.920 --> 01:18:34.840
actually been having a good year recently until this news.

1540
01:18:35.079 --> 01:18:39.039
Because Trump's saying the CEO for Intel, the new one

1541
01:18:39.079 --> 01:18:41.880
has a lot of ties to communists China and the

1542
01:18:41.920 --> 01:18:44.359
communists stuff there, and the business is there and it's

1543
01:18:45.239 --> 01:18:48.199
matter of national security. The CEO came out and said

1544
01:18:48.319 --> 01:18:50.840
that's not true obviously, So now they're going to go

1545
01:18:50.880 --> 01:18:53.439
back and forth and say he says, she said kind

1546
01:18:53.479 --> 01:18:56.880
of thing, and he says that the company says that

1547
01:18:56.920 --> 01:18:59.000
they're all in support and they're working with the White

1548
01:18:59.000 --> 01:19:02.640
House to show that it's not true. But I don't

1549
01:19:02.640 --> 01:19:04.720
know where it's going to stand. In the meantime, Intel

1550
01:19:04.920 --> 01:19:07.079
is not doing too well. It was up a bit

1551
01:19:07.079 --> 01:19:09.359
on Friday, but it's still down now for the year

1552
01:19:09.439 --> 01:19:10.279
because of this news.

1553
01:19:10.479 --> 01:19:13.640
There's actually several members of Congress have expressed concern and

1554
01:19:13.680 --> 01:19:18.000
I think Trump called him highly conflicted. He did go

1555
01:19:18.039 --> 01:19:20.720
to MIT, but he also went to a University of China,

1556
01:19:20.800 --> 01:19:25.840
and I think he's Chinese, which the name is sounds Chinese, right, No,

1557
01:19:26.199 --> 01:19:26.720
I don't know.

1558
01:19:27.800 --> 01:19:29.319
It's a hard company to be in right now, as

1559
01:19:29.359 --> 01:19:32.720
they changed their whole company philosophy after decades with the

1560
01:19:32.760 --> 01:19:36.479
new CEO that's already in turmoil. It's hard to look

1561
01:19:36.520 --> 01:19:38.000
to want to be in that company.

1562
01:19:38.399 --> 01:19:40.239
It's kind of like, why would you put money there

1563
01:19:40.279 --> 01:19:42.520
if you can go over and get AMD or SO

1564
01:19:42.720 --> 01:19:45.520
or video or something that's actually working.

1565
01:19:46.359 --> 01:19:48.520
Yeah, I mean we still we have some clients with Intel.

1566
01:19:48.520 --> 01:19:50.720
We haven't sold it off immediately. There's some people different

1567
01:19:50.760 --> 01:19:53.399
tax reasons and stuff like that, but it is one

1568
01:19:53.439 --> 01:19:55.840
that is not our favorite stock in company as of

1569
01:19:55.920 --> 01:19:56.279
right now.

1570
01:19:56.359 --> 01:20:00.359
Did we talk about chut GBT five? And yeah, Google

1571
01:20:00.399 --> 01:20:01.960
had a great Friday because of the thing.

1572
01:20:02.319 --> 01:20:05.600
Google's one of the mag seven that's that's really lag

1573
01:20:06.279 --> 01:20:09.239
It's it's probably And again we don't recommend stocks on

1574
01:20:09.279 --> 01:20:11.840
this program because we don't know your investment objective, we

1575
01:20:11.880 --> 01:20:14.640
don't know your risk tolerance. You know, we're not staying

1576
01:20:14.640 --> 01:20:18.640
by Google, but if a person were to want to

1577
01:20:18.680 --> 01:20:21.640
be involved in the tech stock that has not had

1578
01:20:21.960 --> 01:20:23.920
the massive move Google would sutally be.

1579
01:20:24.000 --> 01:20:26.680
It's only about five points away from its all time high. Now, yeah,

1580
01:20:26.720 --> 01:20:30.439
but up up for the year how much they say, No,

1581
01:20:30.560 --> 01:20:32.760
you're to date after Friday was up five point five

1582
01:20:32.760 --> 01:20:34.239
percent for the year. For the year.

1583
01:20:34.439 --> 01:20:37.199
Yeah, with all these other stocks up fifteen to twenty.

1584
01:20:37.279 --> 01:20:39.520
Yeah, I mean three months ago it was down about.

1585
01:20:39.239 --> 01:20:40.239
Twelve point yeah.

1586
01:20:40.319 --> 01:20:41.640
Yeah, No, it has been doing.

1587
01:20:41.640 --> 01:20:44.640
With Apple's having to turned around right now, I believe.

1588
01:20:44.359 --> 01:20:47.000
Google has its cheapest it's the chippest pe of the

1589
01:20:47.039 --> 01:20:47.600
mag seven.

1590
01:20:47.800 --> 01:20:51.159
Well, like Dylan said earlier that Apple, Apple's in every index,

1591
01:20:51.359 --> 01:20:54.640
every major Indussey says, so when Apple has a big week,

1592
01:20:54.680 --> 01:20:56.880
the industries are going to have a big week because

1593
01:20:57.079 --> 01:20:58.920
it's in all of them. Hey, I want to want

1594
01:20:58.960 --> 01:21:02.560
your opinion on this new executive order from Trump on

1595
01:21:02.640 --> 01:21:08.600
Friday that lays the groundwork for alternative investments, private equity, cryptocurrencies,

1596
01:21:08.680 --> 01:21:11.560
real estate in four to one K Yeah.

1597
01:21:11.600 --> 01:21:14.960
I think realistically, it's not just because you open the

1598
01:21:14.960 --> 01:21:17.359
door doesn't mean it's going to be available to the masses.

1599
01:21:18.479 --> 01:21:19.239
Some company.

1600
01:21:19.960 --> 01:21:21.880
Most people don't understand, like when you set up a

1601
01:21:21.880 --> 01:21:24.079
four one K as a company, you have to do

1602
01:21:24.159 --> 01:21:27.319
share responsibility. Sometimes you can outsource that to a third

1603
01:21:27.319 --> 01:21:29.239
party record keeper. If you do so, that third party

1604
01:21:29.680 --> 01:21:32.760
record keeper will likely not allow certain products to be

1605
01:21:33.079 --> 01:21:36.640
in a Form one K plant because if the what

1606
01:21:36.800 --> 01:21:39.439
that record keeper is doing for the company is protecting

1607
01:21:39.680 --> 01:21:43.199
the company from giving the employees bad investment options. Instead

1608
01:21:43.199 --> 01:21:45.760
of the company deciding which investment options to give the employees,

1609
01:21:45.800 --> 01:21:47.479
they farm it out to the record keeper to do

1610
01:21:47.520 --> 01:21:50.760
it themselves, and they have the fiduciare responsibility to uphold

1611
01:21:50.800 --> 01:21:56.119
the plans to the ARISA standards. Now, you could have

1612
01:21:56.199 --> 01:21:59.600
some self directed formul one k's maybe or solo form

1613
01:21:59.680 --> 01:22:02.880
one K and have more customized ability to put certain

1614
01:22:02.920 --> 01:22:07.520
things in. And we have that ability, but it's not

1615
01:22:07.600 --> 01:22:09.760
something I think is going to be widely adopted because

1616
01:22:09.800 --> 01:22:12.479
it's not something that you can just easily. I can

1617
01:22:12.520 --> 01:22:15.640
add a bitcoin option into your four one K. The

1618
01:22:15.720 --> 01:22:19.760
record keeper has to decide are they gonna is that

1619
01:22:19.840 --> 01:22:22.000
something they want. There's a reason there's no inverse option

1620
01:22:22.119 --> 01:22:25.119
in your four one K right because they're afraid that

1621
01:22:25.159 --> 01:22:25.720
people are.

1622
01:22:25.560 --> 01:22:27.039
Going to use it and not use it correctly.

1623
01:22:27.079 --> 01:22:29.960
It's a stepping it's a stepping stone toward that, but

1624
01:22:30.000 --> 01:22:32.199
it doesn't immediately open up the floodgates for all this

1625
01:22:32.279 --> 01:22:36.479
investment to go into alternative investments, private equity and bitcoin. It's,

1626
01:22:36.520 --> 01:22:38.079
you know, just the starting point.

1627
01:22:38.479 --> 01:22:41.359
You guys are thinking exactly like I'm thinking. I looked

1628
01:22:41.359 --> 01:22:45.520
at as a nothing burger because, like Todd pointed out,

1629
01:22:45.680 --> 01:22:48.680
these major companies in particular, who have the majority of

1630
01:22:48.680 --> 01:22:51.399
the four one k's right, the Raythems of the world,

1631
01:22:52.199 --> 01:22:58.520
they're under tremendous scrutiny to provide their employees with high quality,

1632
01:22:59.039 --> 01:23:03.399
low cost choices. And the government looks at all of

1633
01:23:03.479 --> 01:23:08.640
us as idiots and and they treat employers that way,

1634
01:23:09.039 --> 01:23:11.680
and so they really have to dumb it down. I

1635
01:23:11.760 --> 01:23:16.000
cannot see this. I don't see this becoming any kind

1636
01:23:16.000 --> 01:23:20.199
of a major offering. It was it Vangard wouldn't do.

1637
01:23:21.439 --> 01:23:24.600
Vanguard does not You cannot purchase any Vanguard ets through

1638
01:23:25.279 --> 01:23:28.600
or any Bitcoin ets through Vanguard. Vanguard does not own

1639
01:23:28.800 --> 01:23:32.359
any And you can't have Ago, you can't buy f BTC,

1640
01:23:32.600 --> 01:23:35.119
you can't buy be a TU, you can't buy any

1641
01:23:35.279 --> 01:23:39.680
bitcoin derivative et s the Guard And that's because I

1642
01:23:39.680 --> 01:23:42.600
forget who actually is president CEO of Vanguard. But he

1643
01:23:42.640 --> 01:23:44.520
just doesn't believe in it, and.

1644
01:23:44.880 --> 01:23:48.960
Good for him because the largest fund manager, black Rock does.

1645
01:23:49.199 --> 01:23:53.680
Yeahal hasn't. I mean, I think ultimately that will end

1646
01:23:53.760 --> 01:23:55.399
up changing. He's going to lose a lot of money there.

1647
01:23:55.439 --> 01:23:56.000
I don't see.

1648
01:23:55.840 --> 01:23:59.000
Howard too long, but it is interesting and it just

1649
01:23:59.039 --> 01:24:04.560
shows you a house seriously help scrutinize these big companies

1650
01:24:04.600 --> 01:24:07.479
are in what they offer to their employees. And when

1651
01:24:07.479 --> 01:24:10.520
you start talking about about four oh one ks and

1652
01:24:10.680 --> 01:24:17.399
employee retirement for the typical employee who's relatively unsophisticated when

1653
01:24:17.439 --> 01:24:22.680
it comes to investing, I just don't see them providing

1654
01:24:22.720 --> 01:24:27.439
all of these exotic choices and being able to then

1655
01:24:28.239 --> 01:24:30.159
deal with the government as to what they're going to do.

1656
01:24:30.199 --> 01:24:32.199
We'll be back after this with the final segment of

1657
01:24:32.239 --> 01:24:34.239
The Money Matter Show. Thanks again for joining us.

1658
01:24:35.199 --> 01:24:37.600
Welcome back to the Money Matter Show. My name is Toudlick.

1659
01:24:37.640 --> 01:24:41.039
I'm here with Sebastian Borscini, Dave Sherwood, and Dylan Greenberg.

1660
01:24:41.079 --> 01:24:43.560
Remember you can go to our website greenberg finance dot

1661
01:24:43.600 --> 01:24:45.159
com and the minute you get there, you're gonna get

1662
01:24:45.159 --> 01:24:49.560
to pop up about our September twenty sixth Interactive Financial

1663
01:24:49.600 --> 01:24:51.960
Planning workshop. We're going to be able to put that

1664
01:24:52.000 --> 01:24:55.640
on at La Paloma, offer some food and drinks and

1665
01:24:56.159 --> 01:24:59.279
really just a space for you to come in no obligation,

1666
01:24:59.560 --> 01:25:02.640
completely free, be able to see what our financial plans

1667
01:25:02.680 --> 01:25:03.159
all about.

1668
01:25:04.119 --> 01:25:04.399
Live.

1669
01:25:04.520 --> 01:25:06.880
We're going to do a sample one for everyone, will

1670
01:25:07.119 --> 01:25:09.920
make fake numbers up and we'll show you exactly how

1671
01:25:09.920 --> 01:25:12.279
it can work and also show you why our tool

1672
01:25:13.239 --> 01:25:16.079
allows us to help you figure out if roth conversion

1673
01:25:16.159 --> 01:25:20.560
makes sense when it takes social Security, whether a pension

1674
01:25:20.640 --> 01:25:23.000
turn on from the employer or taking the lump sum

1675
01:25:23.079 --> 01:25:26.279
payment makes more sense. There's a lot of different decisions

1676
01:25:26.319 --> 01:25:28.800
to make, especially when you're near retirement, so it's the

1677
01:25:28.800 --> 01:25:31.239
perfect opportunity is to see how it would look the

1678
01:25:31.279 --> 01:25:33.680
process of building out a financial plan and if it

1679
01:25:33.680 --> 01:25:36.439
feels like something that you should take advantage of at

1680
01:25:36.479 --> 01:25:37.840
that time. At the end of the meeting, we can

1681
01:25:37.840 --> 01:25:40.199
set up a time and do your own financial plans.

1682
01:25:40.239 --> 01:25:42.119
Well, if you look at it and think this isn't

1683
01:25:42.159 --> 01:25:43.960
for me, you get a free lunch. You'll walk out

1684
01:25:44.439 --> 01:25:44.840
free lunch.

1685
01:25:44.960 --> 01:25:45.359
Free lunch.

1686
01:25:46.199 --> 01:25:48.119
Free lunch will feed you, come hungry and come with

1687
01:25:48.159 --> 01:25:49.039
some questions.

1688
01:25:49.159 --> 01:25:50.760
Call you in and bug you and tell you a

1689
01:25:50.840 --> 01:25:54.680
break down and become a client. This is this is educational.

1690
01:25:55.199 --> 01:25:58.520
We do an awfully lot of education in the firm,

1691
01:25:58.840 --> 01:26:02.479
and the purpose of the EDGE is to educate people.

1692
01:26:02.600 --> 01:26:05.520
If you become a client as a result of some

1693
01:26:05.560 --> 01:26:07.680
of these interactions, that's wonderful.

1694
01:26:08.039 --> 01:26:10.800
Part of that education is our TV shows that air

1695
01:26:10.880 --> 01:26:13.479
every Sunday after Meet the Press in the mornings on

1696
01:26:13.520 --> 01:26:17.319
kV AWAY and also after the ten o'clock news on KVOA,

1697
01:26:17.720 --> 01:26:20.279
And we're actually gonna go up next next Thursday to

1698
01:26:20.319 --> 01:26:23.840
Phoenix and record six new TV shows and so we'll

1699
01:26:23.880 --> 01:26:27.520
have they'll start filtering most likely next next weekend, so

1700
01:26:28.039 --> 01:26:30.680
there just again another opportunity to learn more. We'll have

1701
01:26:31.239 --> 01:26:34.079
more information about financial planning in those episodes, but we

1702
01:26:34.119 --> 01:26:36.359
take the audio and put those on our Saturday shows,

1703
01:26:36.680 --> 01:26:39.960
which you'll hear every Saturday, just tune in, and then

1704
01:26:40.000 --> 01:26:43.199
Sunday's our flagship shows. We have many different sources and

1705
01:26:43.399 --> 01:26:46.079
our YouTube page has all those as well on there

1706
01:26:46.119 --> 01:26:48.600
if you ever miss them. We have podcasts that you

1707
01:26:48.600 --> 01:26:50.399
can go back and listen to the old shows. So

1708
01:26:51.119 --> 01:26:54.079
we also just released our latest newsletter. You can go

1709
01:26:54.119 --> 01:26:56.039
to our Facebook page and you'll see it, or you

1710
01:26:56.039 --> 01:26:58.199
can just go to Greenbrook Finance dot com and go

1711
01:26:58.239 --> 01:27:00.960
to the blog section and we all write our different

1712
01:27:01.000 --> 01:27:03.520
article pieces about where the market's going and what we

1713
01:27:03.560 --> 01:27:07.680
think different subset of the economy is moving. And it's

1714
01:27:07.680 --> 01:27:10.479
just a great way to learn slowly but surely as

1715
01:27:10.520 --> 01:27:12.520
a drip. And you know, and if you keep doing that,

1716
01:27:12.600 --> 01:27:13.359
it'll compound.

1717
01:27:14.119 --> 01:27:18.479
All of our radio shows, all of our podcasts, all

1718
01:27:18.520 --> 01:27:22.119
on the website Greenberg Financial dot com. Greenberg is all

1719
01:27:22.159 --> 01:27:27.079
E B, E RG Greenberg Financial dot com.

1720
01:27:27.479 --> 01:27:29.640
Click on the top left corner. It's a little microphone

1721
01:27:29.640 --> 01:27:31.199
and you'll have the list of all of them hand.

1722
01:27:31.239 --> 01:27:34.159
The last segments, we were talking about the adoption of bitcoin,

1723
01:27:34.479 --> 01:27:37.039
and I have a pretty cool stat what percentage of

1724
01:27:37.119 --> 01:27:40.199
financial advisors or asset managers do you think are actually

1725
01:27:40.279 --> 01:27:43.399
allowed or enabled to buy cryptocurrency products?

1726
01:27:43.600 --> 01:27:43.760
Oh?

1727
01:27:43.800 --> 01:27:45.159
Allowed, thirty.

1728
01:27:46.439 --> 01:27:47.439
I'm in that ballpark.

1729
01:27:48.399 --> 01:27:50.680
As of twenty twenty four is nineteen percent. And then

1730
01:27:50.840 --> 01:27:53.359
the latest stats came out about a month ago, no,

1731
01:27:53.479 --> 01:27:58.159
thirty five percent, So still so much adoption to take place.

1732
01:27:58.319 --> 01:27:58.920
Yeah.

1733
01:27:59.159 --> 01:28:03.279
Also, another fun said about bitcoin is how many people

1734
01:28:03.319 --> 01:28:05.840
in the world do you think own one or more bitcoin?

1735
01:28:06.920 --> 01:28:10.640
How many people in the world? Yeah, well, percentage.

1736
01:28:10.079 --> 01:28:11.439
Wise, No, just straight up people.

1737
01:28:11.560 --> 01:28:15.199
Number of straight up people eleven million.

1738
01:28:15.560 --> 01:28:17.840
Nine hundred thousand. Really, that's it.

1739
01:28:18.039 --> 01:28:20.840
Nine hundred thousand people. So in some form of bitcoin,

1740
01:28:21.159 --> 01:28:27.000
one or more bitcoin, the actual coin itself, not the ETF.

1741
01:28:26.680 --> 01:28:29.520
Or well no like has exposure to at least one bitcoin.

1742
01:28:29.600 --> 01:28:32.000
Yeah, okay, And that that just shows you that like.

1743
01:28:33.520 --> 01:28:36.239
There's it's it's still pretty early. Like there's there's eight

1744
01:28:36.239 --> 01:28:37.239
billion people out there.

1745
01:28:37.560 --> 01:28:41.680
If it doesn't die, were early, good die never know.

1746
01:28:41.760 --> 01:28:43.840
It doesn't seem like it seems like it's catching fire.

1747
01:28:43.920 --> 01:28:46.479
Seems like it's catching catching a little bit of a bid.

1748
01:28:47.560 --> 01:28:51.119
Speaking of a speaking of bids, Costco has been really

1749
01:28:51.199 --> 01:28:54.479
struggling of late, and they came out with a report

1750
01:28:54.479 --> 01:28:57.720
of July sales showed July sales were one percent higher

1751
01:28:57.720 --> 01:29:03.199
than June sales, so see increasing. Costco bounced back up there.

1752
01:29:03.199 --> 01:29:05.000
I think it was up about four percent of a week.

1753
01:29:05.560 --> 01:29:08.359
But they've been just kind of slowly if they were

1754
01:29:08.359 --> 01:29:11.760
down twelve percent from their high, just in a straight line.

1755
01:29:12.359 --> 01:29:15.399
And as they drive by there you see how busy

1756
01:29:15.439 --> 01:29:17.439
they are. You wonder, how could this, how could this

1757
01:29:17.560 --> 01:29:20.880
dock be going down? But again it's evaluation play it's

1758
01:29:20.880 --> 01:29:26.399
a retailer with fifty times earnings. Most retailers fifteen times earnings.

1759
01:29:26.800 --> 01:29:29.479
It's kind of like an Eli Lilly where you're you're

1760
01:29:29.600 --> 01:29:32.119
pretty lofty there, doesn't you really don't need a reason

1761
01:29:32.159 --> 01:29:33.279
to go down twelve percent?

1762
01:29:33.880 --> 01:29:36.319
Yeah, in the space that doesn't seem to want to

1763
01:29:36.359 --> 01:29:38.760
go down. As nuclear hit a new all time high

1764
01:29:38.760 --> 01:29:43.720
that ETF this week, that space is very overvalued in

1765
01:29:43.800 --> 01:29:46.640
terms of where we are at this point in the

1766
01:29:46.680 --> 01:29:50.199
current timeline of how nuclear is going to be built out,

1767
01:29:50.359 --> 01:29:53.279
but in the grand scheme of things, it could be undervalued.

1768
01:29:53.279 --> 01:29:55.359
If you look at ten twenty years down the road

1769
01:29:55.760 --> 01:29:58.920
where we're going to get our energy from, and largely

1770
01:29:59.079 --> 01:30:02.119
most of it's from fossil fuels right now, if we

1771
01:30:02.119 --> 01:30:05.479
can make even ten percent of that nuclear, these companies

1772
01:30:05.479 --> 01:30:07.640
are gonna be valued quite a bit. So that's what

1773
01:30:07.800 --> 01:30:11.359
investors are pricing in. It's quite early and so it's

1774
01:30:11.520 --> 01:30:15.079
very volatile space, but it continues to get rewarded.

1775
01:30:16.000 --> 01:30:19.439
Wan data centers are huge every work except Tucson, and

1776
01:30:19.520 --> 01:30:22.039
so of course data centers require a lot of power.

1777
01:30:22.680 --> 01:30:25.119
Right the power generating company Eaton has been one of

1778
01:30:25.159 --> 01:30:28.680
the leaders in that they actually drop five percent on Tuesday.

1779
01:30:28.760 --> 01:30:33.159
Despite a strong quarter, their guidance was fractionally below expectations.

1780
01:30:33.560 --> 01:30:36.880
In a related story, Duke Energy also sixteen percent for

1781
01:30:36.920 --> 01:30:39.760
the year, same as Eaton. They opened higher on Tuesday

1782
01:30:39.800 --> 01:30:43.279
after they reaffirmed their guidance. Eaton came in with their

1783
01:30:43.319 --> 01:30:46.880
guidance a little softer than people thought. Duke Energy said no, no,

1784
01:30:47.000 --> 01:30:50.359
we're kicking it. We're kicking it and on all cylinders.

1785
01:30:51.039 --> 01:30:52.640
Hym's and hers a wild one.

1786
01:30:53.760 --> 01:30:55.239
I just want to go back to Costco before I

1787
01:30:55.239 --> 01:30:58.800
get too far. I will do some more housekeeping on this.

1788
01:30:58.880 --> 01:31:00.960
But I did read the little bit of an article

1789
01:31:00.960 --> 01:31:02.439
and I just thought it was so interesting that they

1790
01:31:02.439 --> 01:31:04.399
were talking about this. Costco is going to build their

1791
01:31:04.399 --> 01:31:07.640
first apartments ever have you heard about this? So it's

1792
01:31:07.680 --> 01:31:10.159
a project, an eight hundred units complex built above a

1793
01:31:10.239 --> 01:31:13.520
Costco in La Okay. The affordable housing twenty three percent

1794
01:31:13.560 --> 01:31:15.039
of the units are going to be reserved for low

1795
01:31:15.039 --> 01:31:18.359
income renters. There's tons of amenities. Four hundred and twenty

1796
01:31:18.399 --> 01:31:21.560
five million dollars. Developments in partnership with Thrive Living and

1797
01:31:21.840 --> 01:31:24.439
their goal is to help ease housing shortages while creating

1798
01:31:24.439 --> 01:31:28.399
a live workshop community. So again, this is it's like

1799
01:31:28.479 --> 01:31:32.359
a it's it's an apartment complex above a Costco that

1800
01:31:32.439 --> 01:31:34.600
you could just come down into and start.

1801
01:31:34.439 --> 01:31:38.560
Shopping, saying is a live work Like, yeah, some of

1802
01:31:38.600 --> 01:31:40.279
them will be coming down to shop, but some of.

1803
01:31:40.319 --> 01:31:41.159
Them are actually working.

1804
01:31:41.239 --> 01:31:42.119
Yeah, No, totally.

1805
01:31:42.239 --> 01:31:45.880
And you imagine living on top of where you work.

1806
01:31:47.840 --> 01:31:50.479
No no, no, like say you work and then you

1807
01:31:50.560 --> 01:31:53.520
just go upstairs. Now, I think there's like obviously cities

1808
01:31:53.520 --> 01:31:55.000
that do that, but I mean, I'm.

1809
01:31:55.039 --> 01:31:56.600
And I'm sure an idea of it's going to be

1810
01:31:56.720 --> 01:31:59.159
you know, well, that's how you're gonna get paid through housing.

1811
01:31:59.279 --> 01:32:02.680
Well, there's a subdivision in two Sound called Ranchall Sinbaccas.

1812
01:32:03.039 --> 01:32:06.079
That was the original idea with Ranchall Sinbaccas is there

1813
01:32:06.119 --> 01:32:08.840
would be a core, which would be the businesses in

1814
01:32:08.880 --> 01:32:11.800
the middle, surrounded by houses so you could just walk

1815
01:32:11.840 --> 01:32:14.520
to work. Because it didn't it didn't work out that way.

1816
01:32:14.640 --> 01:32:16.720
Costco's trying to make their own apartments. Now they're getting

1817
01:32:16.720 --> 01:32:18.079
into the housing space.

1818
01:32:18.079 --> 01:32:21.800
What's the what's the city in Virginia that ready is

1819
01:32:21.800 --> 01:32:22.319
it ready?

1820
01:32:22.800 --> 01:32:23.199
Rington?

1821
01:32:23.800 --> 01:32:25.560
I can't think of the name in Virginia. There's a

1822
01:32:25.560 --> 01:32:29.560
city in Virginia that was actually built. I'm I'm Ashamed.

1823
01:32:29.600 --> 01:32:31.680
I can't remember the name because I should know. It

1824
01:32:31.760 --> 01:32:35.680
built for what uh where they the businesses downtown and

1825
01:32:35.680 --> 01:32:37.800
then all the buildings are around it. It was actually

1826
01:32:37.840 --> 01:32:40.680
built like ranchall sin vakas to where you would have

1827
01:32:40.760 --> 01:32:44.319
businesses in the center and then houses around.

1828
01:32:45.079 --> 01:32:49.600
And is it resting that's it. Founded by Robert E.

1829
01:32:49.760 --> 01:32:52.720
Simon in nineteen sixty four. Yeah, live workplay concepts.

1830
01:32:52.760 --> 01:32:54.760
Yeah, live a workplay concept. That's that's the that's the

1831
01:32:54.800 --> 01:32:56.279
whole idea. So that's what costco.

1832
01:32:56.319 --> 01:32:58.720
It seems like it's been tried before, but it hasn't

1833
01:32:58.760 --> 01:32:59.880
been too successful.

1834
01:33:00.000 --> 01:33:00.800
Well you got well.

1835
01:33:00.840 --> 01:33:03.960
I mean I think that Costco did really good job

1836
01:33:03.960 --> 01:33:05.920
about doing it in La I mean, what other spot

1837
01:33:05.920 --> 01:33:06.520
would you do it in?

1838
01:33:06.640 --> 01:33:08.319
Well, yeah, I don't think it's maybe a scale, but

1839
01:33:08.760 --> 01:33:09.279
there's another.

1840
01:33:09.600 --> 01:33:13.960
Lifetime Fitness is a big fitness center and nationally and

1841
01:33:14.279 --> 01:33:17.039
they have apartments above their Lifetime I think it makes

1842
01:33:17.079 --> 01:33:21.119
a great amount of sense. Imagine having this massive and

1843
01:33:21.399 --> 01:33:22.880
if you've been to a life if you have not

1844
01:33:22.960 --> 01:33:26.399
been to a Lifetime Fitness center, it's it's pretty glamorous.

1845
01:33:26.439 --> 01:33:30.159
There's three floors of just everything you could ever imagine,

1846
01:33:30.239 --> 01:33:35.479
rock climbing, walls, to treadmills, to waits, to spas, any

1847
01:33:35.560 --> 01:33:40.279
anything you can imagine. The restaurant a very nice, very

1848
01:33:40.319 --> 01:33:43.439
nice deal, but they have apartments on top of those

1849
01:33:43.560 --> 01:33:45.520
in a number of different locations.

1850
01:33:45.720 --> 01:33:48.079
That project is supposed to start in twenty twenty six,

1851
01:33:48.119 --> 01:33:49.000
so we'll see how that goes.

1852
01:33:49.079 --> 01:33:50.600
Well, it's interesting that will you describe it?

1853
01:33:50.640 --> 01:33:52.520
The costco is on the ground floor, right, and then

1854
01:33:52.640 --> 01:33:56.039
you said a couple of floors of low income housing.

1855
01:33:56.159 --> 01:33:56.920
Affordable housing.

1856
01:33:56.960 --> 01:33:57.960
They called it affordable.

1857
01:33:57.960 --> 01:34:00.439
Okay, okay, that's a dess to make all four and

1858
01:34:00.439 --> 01:34:06.199
a happy a million anything anything new, anything under a

1859
01:34:06.279 --> 01:34:07.000
million would be.

1860
01:34:07.279 --> 01:34:08.840
We'll give you this house, and we'll pay you two

1861
01:34:08.880 --> 01:34:09.359
dollars an hour.

1862
01:34:10.159 --> 01:34:14.319
Your MPEd Materials keeps cranking the rare earth material.

1863
01:34:14.079 --> 01:34:16.520
Yeah, thanks for giving me my roses because I know

1864
01:34:16.840 --> 01:34:19.039
you want to. You want to talk crap about my novo,

1865
01:34:19.199 --> 01:34:23.520
which is very fair, but no way too soon.

1866
01:34:23.720 --> 01:34:25.680
Wait, no, well you haven't been involved in Noble for

1867
01:34:25.720 --> 01:34:28.319
a long time, but when your idea originated.

1868
01:34:27.960 --> 01:34:30.720
Yeah, I know, they collapsed. MP another one that I

1869
01:34:30.720 --> 01:34:32.279
got out of way too early though. I got out

1870
01:34:32.279 --> 01:34:33.760
of that around forty dollars a share.

1871
01:34:34.079 --> 01:34:37.479
Nearly quadrupled this year because Nearly cut up another nine

1872
01:34:37.520 --> 01:34:40.840
percent on last week to a new all time high

1873
01:34:40.880 --> 01:34:44.960
on Friday, strong and expected second quarter. This company is

1874
01:34:45.000 --> 01:34:48.600
still losing money hand over fist, but they're not losing

1875
01:34:48.680 --> 01:34:50.079
as much as was expected.

1876
01:34:50.520 --> 01:34:52.680
Right, And all these investments that are going in so.

1877
01:34:53.199 --> 01:34:54.960
Well, and you got the government involved, you know what

1878
01:34:54.960 --> 01:34:58.840
I mean, it's just and then they're they've changed their business.

1879
01:34:59.279 --> 01:35:04.119
It's not it's a mine in Nevada. But more than that,

1880
01:35:04.159 --> 01:35:06.720
they've now started to develop. They used to take the

1881
01:35:06.800 --> 01:35:10.319
minerals and ship them to China for processing. Well now

1882
01:35:10.359 --> 01:35:16.000
they're actually processing them, processing them themselves here in the

1883
01:35:16.079 --> 01:35:21.079
United States with government help, a government money, and who knows,

1884
01:35:21.159 --> 01:35:26.840
who knows where this goes. It is the hottest term

1885
01:35:26.880 --> 01:35:29.640
on the planet right, the rore earth minerals. So I'm

1886
01:35:29.680 --> 01:35:31.399
sure that that has a lot to.

1887
01:35:31.359 --> 01:35:31.800
Do with it.

1888
01:35:31.840 --> 01:35:34.359
And also just because a company has government help doesn't

1889
01:35:34.399 --> 01:35:36.319
mean they're going to do great in the long term.

1890
01:35:36.359 --> 01:35:36.520
Right.

1891
01:35:36.520 --> 01:35:39.880
We've seen Forge, We seen other companies get government help,

1892
01:35:39.960 --> 01:35:42.920
and maybe it's more of a bailout in certain situations,

1893
01:35:42.920 --> 01:35:47.640
but you still have to run the business correctly.

1894
01:35:48.199 --> 01:35:50.520
Another stock that had been just going straight down is

1895
01:35:50.600 --> 01:35:53.199
Dutch Bros. Down twenty percent in the last sixty days.

1896
01:35:53.199 --> 01:35:57.720
It exploded higher on Thursday, strong earnings, double earnings, were

1897
01:35:57.760 --> 01:36:00.479
double expectations. So there's a lot of stuf going on

1898
01:36:00.520 --> 01:36:04.159
out there, and just uh uh, come see us, think

1899
01:36:04.199 --> 01:36:07.600
about the seminar, think about the risk profile questionnaires. We're

1900
01:36:07.600 --> 01:36:09.319
here to help. We're here to help you any way

1901
01:36:09.359 --> 01:36:11.720
we can, so thanks for listening. We all want to

1902
01:36:11.720 --> 01:36:13.600
be happy, and of course we all want to be

1903
01:36:13.640 --> 01:36:16.000
healthy because if we're not healthy, we're probably not happy.

1904
01:36:16.199 --> 01:36:18.359
And a Greenberg financial where we're really trying to be

1905
01:36:18.600 --> 01:36:21.159
is profitable. See you next week.