Global Uncertainy Around Markets:: How to be Prepared

1 00:00:02,560 --> 00:00:06,200 Good morning, everybody. It's that time once again, Sunday morning, eight 2 00:00:06,200 --> 00:00:10,160 o'clock for two Hours're gonna talk to you right here on the Money Matter Show 3 00:00:10,199 --> 00:00:14,240 seven ninety K and His Tea. We appreciate you joining us here. We 4 00:00:14,279 --> 00:00:16,760 appreciate you've been listening. We've been doing this a long time. On a 5 00:00:16,879 --> 00:00:21,039 thirty fourth year, thirty four years I've been doing this radio show, and 6 00:00:21,079 --> 00:00:29,600 I'm gonna tell you right now, I don't remember the geopolitical and a political 7 00:00:30,519 --> 00:00:36,159 situation being so messed up that they're so cloudy, and how we're gonna get 8 00:00:36,200 --> 00:00:41,399 out of this house is gonna help our economy somehow, some way. Our 9 00:00:41,439 --> 00:00:46,280 market's just hanging there. There's so much uncertainty, which is telling me, 10 00:00:46,320 --> 00:00:50,759 if we can get through all this stuff, the earnings are going to continue 11 00:00:50,799 --> 00:00:54,960 to get better like they were on Friday for the banks at least, and 12 00:00:55,000 --> 00:00:58,960 we could have a good rally somewhere down the road. But I think we're 13 00:00:58,960 --> 00:01:03,960 gonna have some bumps, and I'm cautious. There's no way I wanted to 14 00:01:03,040 --> 00:01:08,280 leave on Friday and be aggressive. I can tell you that on a technical 15 00:01:08,319 --> 00:01:14,079 basis, we're getting close to the forty three hundred level, and if we 16 00:01:14,120 --> 00:01:19,599 break that, obviously there will be another support level. But there's so much 17 00:01:19,719 --> 00:01:26,959 going on in the world. I'm scratching my head, and it's all affecting 18 00:01:26,000 --> 00:01:30,760 the markets. I mean, did you see oil on Friday? It jumped 19 00:01:32,840 --> 00:01:41,400 four and a half almost five percent? Why because now it's sanctioning more sanctions 20 00:01:41,439 --> 00:01:46,920 on Russia. So you weren't telling us the truth before when you sanctioned them. 21 00:01:47,319 --> 00:01:49,319 The biggest problem we have is people around the world, not just in 22 00:01:49,280 --> 00:01:53,439 the United States, but around the world. Governments are not telling us the 23 00:01:53,480 --> 00:01:59,200 truth. Big surprise. Huh, It's unbelievable. What's going on? Think 24 00:01:59,200 --> 00:02:04,319 about it. You know, we're in this situation that we can't even get 25 00:02:04,359 --> 00:02:15,360 a speaker of the house. War is breaking out in Israel. They're attacking 26 00:02:15,400 --> 00:02:23,159 them from both sides. Ukraine a stolen war with Russia, and now we 27 00:02:23,240 --> 00:02:28,639 push sanctions on more sanctions about oil and we watch it go up through the 28 00:02:28,639 --> 00:02:32,759 moon. Do we really see what's happening here and how it's affecting the markets? 29 00:02:34,039 --> 00:02:38,000 And we have to talk about it. We do, because if we 30 00:02:38,039 --> 00:02:46,080 don't talk about it, these things are going to affect the markets, even 31 00:02:46,120 --> 00:02:50,800 though right now they're not they will oil go up rightes that go down or 32 00:02:50,919 --> 00:02:55,599 up, Something's gonna happen. People who are not gonna feel comfortable. We're 33 00:02:55,599 --> 00:03:00,639 gonna we're gonna have problems on our streets. If we could take to let 34 00:03:00,719 --> 00:03:10,240 people that are just morally bankrupt to actually believe that Israel did something wrong here 35 00:03:14,120 --> 00:03:21,560 and allow them to go ahead and basically hate Jews for land that they got 36 00:03:21,719 --> 00:03:28,280 after the Holocaust. But this is not I'm not talking about the Palestinian people. 37 00:03:29,560 --> 00:03:32,719 Them and israelities. They get along, they work together, a lot 38 00:03:32,719 --> 00:03:36,479 of them live in the same place, a lot of them get married. 39 00:03:37,400 --> 00:03:49,000 I'm talking about Hamas and head Bola. Those are terrorist groups. Those are 40 00:03:49,120 --> 00:03:57,479 killers. Those are people without any morals. Those are the people disrupting the 41 00:03:57,560 --> 00:04:01,639 world. It's always that way. It's the few that have the biggest say 42 00:04:02,039 --> 00:04:09,520 in what happens, and his needs to stop today. We need to stop 43 00:04:09,560 --> 00:04:18,279 it now. How does Palestinians allow the terrorists to be manipulating them in their 44 00:04:18,279 --> 00:04:28,639 own countries? And then Iran says, no, we're not involved, and 45 00:04:28,720 --> 00:04:35,639 Biden says, okay, are you kidding me? Think about when Trump was 46 00:04:35,680 --> 00:04:41,759 in and the peace accord that came about and as soon as Biden goes in, 47 00:04:42,240 --> 00:04:45,240 he broke that up because he wanted to get back to a deal with 48 00:04:45,279 --> 00:04:53,800 Iran. We have a very very scary president in the White House right now 49 00:04:55,120 --> 00:05:00,879 who has made decisions with Ukraine and o decisions with i Ran. That a 50 00:05:01,040 --> 00:05:09,720 leading to this stuff and it's going to affect our economy. We can't keep 51 00:05:09,839 --> 00:05:15,800 getting money all around the world while our economy is doing what it's doing with 52 00:05:15,879 --> 00:05:24,480 inflation. And don't be surprised if the next thing that happens is Taiwan again. 53 00:05:25,240 --> 00:05:30,600 Nobody is going to try to attack us militarily. We are the strongest 54 00:05:30,680 --> 00:05:35,199 military in the world, but that doesn't mean they don't want to try to 55 00:05:35,240 --> 00:05:43,720 crumble us with our economy. These are things we got to talk about how 56 00:05:43,720 --> 00:05:47,920 it's going to affect the markets. This is a Money Matter show and it 57 00:05:48,000 --> 00:05:53,480 is brought to you by Greenberg Financial Group. Everything and anything we talk about 58 00:05:53,519 --> 00:06:00,600 has risks. Could have political risk, that geopolitical risk. You could have 59 00:06:00,720 --> 00:06:03,879 business risk. It could have market risk. You could have interest rate risk, 60 00:06:03,959 --> 00:06:09,279 inflation risk, reinvestment risk, you name it. There's risk involved. 61 00:06:11,240 --> 00:06:15,040 Understand the risk involved before you invest. If you're investing with somebody, make 62 00:06:15,040 --> 00:06:23,439 sure they understand you your goals, your needs, your liquidity. Make sure 63 00:06:24,160 --> 00:06:28,360 you're on the same page as your money manager, your investment advisor. Make 64 00:06:28,360 --> 00:06:32,040 sure you do a financial plan with them so they know where it's coming from. 65 00:06:32,720 --> 00:06:35,720 Yes, we do all those things. That doesn't mean we can deal 66 00:06:35,720 --> 00:06:41,639 with every single person. So I'm telling you make sure the person you're dealing 67 00:06:41,680 --> 00:06:46,000 with is doing this for you. If not, check out other people, 68 00:06:46,120 --> 00:06:53,399 including us. Somebody out there will help you get to where your goals are. 69 00:06:53,720 --> 00:07:00,399 In this tumultuous times, we are climbing a all of worry that's so 70 00:07:00,600 --> 00:07:02,480 high right now. I don't know if we're going to get over it. 71 00:07:04,319 --> 00:07:10,399 And we have an administration and the Congress and politics that are just feeding to 72 00:07:10,600 --> 00:07:16,879 the negative. We live in America and we allow hatred on one side but 73 00:07:16,959 --> 00:07:25,720 not the other. Why did Jews canternally continually get the ones that are hammered 74 00:07:25,839 --> 00:07:33,040 and allowed to do this. If anybody was going against Black Lives Matter when 75 00:07:33,040 --> 00:07:41,759 they were protesting around, they were shut down. When people go ahead and 76 00:07:41,800 --> 00:07:46,680 try to have pro life protests, they get shut down. Things that the 77 00:07:46,720 --> 00:07:54,120 people on the right actually want to have rallies for. There's so much pushback 78 00:07:54,160 --> 00:07:59,720 on the other side. But every liberal thing that happens, it's okay, 79 00:08:00,399 --> 00:08:05,839 And now the liberals are going to see what's happening. I can't even talk 80 00:08:05,879 --> 00:08:11,600 to people that are so disgraceful right now thinking that this is not going on 81 00:08:11,639 --> 00:08:22,399 and this is his real fault. I just can't people denying thinking it's false 82 00:08:22,480 --> 00:08:28,279 facts that people, babies, children, women are getting slaughtered. When the 83 00:08:28,319 --> 00:08:33,840 pictures are coming across, where do you think to get these pictures? People? 84 00:08:35,120 --> 00:08:41,200 Where do you think this is happening? And the unbelievable thing is how 85 00:08:41,679 --> 00:08:56,399 they let their god down, believing whatever was going on from Palestine that everything 86 00:08:56,480 --> 00:09:03,159 was cool. They Infolch traded the Israelis. They were on the other side 87 00:09:03,679 --> 00:09:09,440 of the fence. They came through the fence when they were ready going small 88 00:09:09,440 --> 00:09:13,879 holes. They already had people on the other side being able to go through 89 00:09:13,919 --> 00:09:22,159 the cities killing people. They were already there. Then they first came through 90 00:09:22,200 --> 00:09:28,639 on motorcycles, then they came through on bigger military vehicles. Now they're coming 91 00:09:28,679 --> 00:09:35,480 back down from the from the north. This has been planned. They're not 92 00:09:35,639 --> 00:09:39,279 smart enough on their own and I tell you right now, they don't have 93 00:09:39,360 --> 00:09:46,480 the money. Hamas and Helibas do not have the money. So when our 94 00:09:46,519 --> 00:09:50,360 administration doesn't think that Iran is in there, what else are they lying to 95 00:09:50,440 --> 00:10:01,879 us about I Ran is involved? And if they're not prove it, find 96 00:10:01,919 --> 00:10:07,000 the missiles at those three thousand, six ten, twenty thousand missiles that they 97 00:10:07,080 --> 00:10:13,720 keep sending over. Where they're coming from. Where they get the money from 98 00:10:13,879 --> 00:10:16,759 oil? Oil oil? We cut off right right? What do you think 99 00:10:16,759 --> 00:10:24,720 they're getting all these people are buying oil from these bad actors. They get 100 00:10:24,759 --> 00:10:31,440 money for terrorism, they get money for training terrorism. I'm sick to my 101 00:10:31,600 --> 00:10:35,799 stomach watching what's going on, and not just because I'm Jewish, because my 102 00:10:35,879 --> 00:10:39,600 heart goes out for the Palestinians who have nothing to do with this. Also, 103 00:10:41,919 --> 00:10:46,480 this is humanitarian at the highest level, and no one is talking about 104 00:10:46,600 --> 00:10:52,039 the same damn thing is happening on our border. If you don't think for 105 00:10:52,200 --> 00:10:58,559 one second they have been infiltrating the United States of America, then you're not 106 00:10:58,720 --> 00:11:09,080 paying attention. Their whole mode of terrorism is infiltrate, infiltrate, set a 107 00:11:09,200 --> 00:11:18,360 time and then let it rip. They have infiltrated our flight schools. Before 108 00:11:18,519 --> 00:11:24,559 nine to eleven, we were teaching them how to fly those planes right into 109 00:11:24,559 --> 00:11:35,799 the building. They're infiltrating our government agencies. They're infiltrating our water supply, 110 00:11:35,240 --> 00:11:43,519 our electrical grids. They're working there because we're so afraid to say anything because 111 00:11:43,600 --> 00:11:50,039 it's not right. Well, I don't care if you're white, you're black, 112 00:11:50,120 --> 00:11:54,360 you're Iranian, you're Palestinian, Israeli, whatever it is. We better 113 00:11:54,440 --> 00:11:58,279 do better background checks on people and keep wondering where's going on, and if 114 00:11:58,279 --> 00:12:03,200 we feel this something wrong, we have to have the right to make sure 115 00:12:03,240 --> 00:12:07,120 that there's nothing going wrong. We need to shut down that border immediately. 116 00:12:07,360 --> 00:12:11,159 If you can't see that as a problem with what's happening in the Middle East, 117 00:12:11,919 --> 00:12:18,639 that wake up. We only talk about what it's costing us. What 118 00:12:18,720 --> 00:12:28,840 is it going to do is cost us in lives the home grown twenty years 119 00:12:28,919 --> 00:12:35,000 later. Don't think for one second they haven't been going ahead and infiltrating the 120 00:12:35,080 --> 00:12:39,840 minds of people in America. I do not want to see terrorism in this 121 00:12:39,960 --> 00:12:43,600 country, but it's gonna happen because you know why, we allow hatred. 122 00:12:45,919 --> 00:12:52,840 What's going on on the university grounds in the cities of New York is atrocious, 123 00:12:54,600 --> 00:12:58,720 and the idiots that come on tell you that didn't happen. That was 124 00:12:58,799 --> 00:13:03,159 false information. They're not killing anyone, They didn't do that stuff. We 125 00:13:03,200 --> 00:13:09,519 wanted a back, We want our land back. What land? Why don't 126 00:13:09,519 --> 00:13:16,679 you get rid of the people causing the problems, get rid of the terrorists. 127 00:13:16,720 --> 00:13:28,639 Nobody wants to talk about Alhamas and Heals terrorist groups except a few people 128 00:13:28,720 --> 00:13:31,360 mentioned it out there. But the people that live don't want to say that 129 00:13:33,639 --> 00:13:37,159 they are terrorist groups. And you know, the roles of the law were 130 00:13:37,240 --> 00:13:43,240 terrorism. They have none because they don't know anything else. They've been educated 131 00:13:43,279 --> 00:13:48,519 to slaughter, to take over, to rebel. They call it a resistance. 132 00:13:48,600 --> 00:13:54,320 Well this continues, we will be at war because we will back Israel 133 00:13:56,120 --> 00:14:01,879 and where the dominoes fall after that, we can't even start the war over 134 00:14:01,919 --> 00:14:09,840 there in Ukraine we do these half assed wars. Well, Israel's not going 135 00:14:09,919 --> 00:14:13,120 to be a half assed war. People and Israel, as we all look 136 00:14:13,159 --> 00:14:16,679 at, Oh they're tough, they're there, they can take care of themselves. 137 00:14:16,879 --> 00:14:20,679 Hell no, not with today's technology. This isn't twenty thirty forty years 138 00:14:20,759 --> 00:14:33,039 ago when they were so much more advanced. Thank god for Raytheon and giving 139 00:14:33,080 --> 00:14:37,000 them that protection dome from all those missiles and you know some still get through, 140 00:14:37,559 --> 00:14:41,639 but now they have the ability to target the technology to hit Tel Aviv, 141 00:14:41,879 --> 00:14:48,639 to hit Jerusalem. How do you think the markets are going to get 142 00:14:48,679 --> 00:14:52,559 affected by all this? What is the market's going to do when we go 143 00:14:52,679 --> 00:14:58,720 and go after and find out that Iran is behind this and we are going 144 00:14:58,799 --> 00:15:03,240 to put so much pressure uh on Biden to do something. Oh, that's 145 00:15:03,320 --> 00:15:07,120 right, we can't because the idiot Republicans came and get a damned person as 146 00:15:07,120 --> 00:15:13,679 a Speaker of the House. Now I get what they're trying to do, 147 00:15:13,600 --> 00:15:18,440 and there's some good points there, but you got to compromise. The Democrats 148 00:15:18,480 --> 00:15:24,039 get in line, they vote, and they get the power. We conflict 149 00:15:24,080 --> 00:15:30,840 with each other all the time, and we lose power. And we're the 150 00:15:30,879 --> 00:15:35,600 ones that understand. You don't go through what we're going through. If you're 151 00:15:35,639 --> 00:15:41,360 tough, you think that the terrorists understand talk. You think they care about 152 00:15:41,399 --> 00:15:48,360 wokeness, You think they care about anything other than taking over Israel and killing 153 00:15:48,399 --> 00:15:54,919 every Jew that they can. And that hatred spills here and we allow it 154 00:15:54,960 --> 00:16:02,440 on our campuses and in our city streets. It's raw, it's wrong, 155 00:16:03,720 --> 00:16:07,639 and it needs to stop. But amazingly switching over to the markets, the 156 00:16:07,679 --> 00:16:11,279 market actually went up a little bit this week of half a percent on the 157 00:16:11,360 --> 00:16:15,279 S and P five hundred. NAZAC was down trading in this area back and 158 00:16:15,399 --> 00:16:22,000 forth. It can't get traction, but earnings were good. But it's not 159 00:16:22,039 --> 00:16:23,759 going to have the ability to go high because no one's going to commit a 160 00:16:23,759 --> 00:16:29,879 lot of money to this thing until we see the Fed and his geopolitical and 161 00:16:29,919 --> 00:16:37,320 political scenarios get better. We're in a very bad quandary right now. We're 162 00:16:37,360 --> 00:16:41,879 not taking care of ourselves. We keep talking about how we don't have enough 163 00:16:41,960 --> 00:16:48,879 money. Our cities are complaining that when they get a few of the refugees 164 00:16:48,919 --> 00:16:52,440 that are coming over, that they can't handle it. But they don't care 165 00:16:52,440 --> 00:16:56,639 about the border states one bit. We've been complaining Texas have been complaining for 166 00:16:56,720 --> 00:17:03,000 a long period of time, the Democratic country states. You know what all 167 00:17:03,080 --> 00:17:06,799 they complain about is to get money, and they do. They always get 168 00:17:06,839 --> 00:17:15,960 more money. We got problems. That's why you need to stay cautious in 169 00:17:17,039 --> 00:17:19,559 the markets. You need to be able to mitigate risk. I don't care 170 00:17:19,640 --> 00:17:25,319 even if they rally ten percent, that's great, and I'm only fifty or 171 00:17:25,359 --> 00:17:30,480 sixty percent invested. I'm okay with that because right now it's more of a 172 00:17:30,519 --> 00:17:36,359 mindset, and the mindset is there's so much stuff going around the world. 173 00:17:36,359 --> 00:17:40,640 I'd rather be safe than sorry. And I used to say, okay, 174 00:17:40,640 --> 00:17:41,319 you got to get avent, because you know what, we had less than 175 00:17:41,359 --> 00:17:47,079 one percent in the money market, so the risk was okay. But right 176 00:17:47,119 --> 00:17:52,200 now the risk is not okay because one day we can come in and some 177 00:17:52,400 --> 00:18:02,400 maniac did something. God forbid if there's any nucleus stuff used, and you'll 178 00:18:02,400 --> 00:18:06,759 see this thing drop so fast, so hard, until they got their handners 179 00:18:06,799 --> 00:18:14,160 around it. God forbid. We have terrorist attacks that are actually taking place 180 00:18:14,200 --> 00:18:26,240 in America, coordinated boom boom boom boom that will just freeze us. And 181 00:18:26,279 --> 00:18:30,799 we are so split. People are so split, people tired of all this 182 00:18:30,839 --> 00:18:40,839 stuff. The only good news I'm hearing the people that didn't vote for Trump, 183 00:18:41,400 --> 00:18:44,480 They're going, I'm changing my mind. I can't take this anymore. 184 00:18:45,039 --> 00:18:48,720 I want Trump. I don't care if I don't like them. I can't 185 00:18:48,720 --> 00:18:56,640 believe internationally we're involved with all this. And they don't like weak people and 186 00:18:56,680 --> 00:18:59,799 that's all we have. They don't like being lied to. They don't like 187 00:18:59,799 --> 00:19:06,720 that having answers to So we're seeing a turn by those people that like voted 188 00:19:06,720 --> 00:19:11,079 for Biden, wanted Biden, hated Trump. Now they're like, Okay, 189 00:19:11,440 --> 00:19:15,200 maybe I don't like the guy, but I certainly don't like what's going on 190 00:19:15,279 --> 00:19:19,680 in this country right now. Nobody, and I mean nobody. I could 191 00:19:19,680 --> 00:19:26,240 talk to things. We don't have a border problem, but yet all we 192 00:19:26,319 --> 00:19:33,039 hear is rhetoric. Why is it our own state take it into their hands 193 00:19:33,319 --> 00:19:37,599 and close off the borders, say here, just like Texas is trying to 194 00:19:37,599 --> 00:19:41,359 do. So what you get sued by the government, So what ain't gonna 195 00:19:41,359 --> 00:19:51,799 go anywhere? Were They're gonna sue us for trying to protect ourselves. It's 196 00:19:52,000 --> 00:19:59,920 wrong and it's going to affect the markets. Oil stocks. Oil itself rallied 197 00:20:00,039 --> 00:20:03,119 big last week, still not back to the ninety one level where we were 198 00:20:03,160 --> 00:20:06,720 not too far ago. But if we keep going down this world, we'll 199 00:20:06,720 --> 00:20:10,480 beat one hundred one hundred and ten. And of course we don't drill, 200 00:20:11,119 --> 00:20:15,640 and of course we have too much regulation on our own oil. Well, 201 00:20:15,640 --> 00:20:19,559 it's time for us to reverse that course and say, you know what, 202 00:20:21,359 --> 00:20:26,599 we're shutting down anybody that wants to get oil from Russia or Iran. That 203 00:20:26,640 --> 00:20:30,599 way, it's only bad actors dealing with bad actors. And we will help 204 00:20:30,640 --> 00:20:41,400 supply natural gas and we will help supply the oil and oil prices will come 205 00:20:41,440 --> 00:20:47,599 down which will help inflation. And we help our allies, We help the 206 00:20:47,839 --> 00:20:51,759 NATO, we help the countries that we have, but yet we still get 207 00:20:51,799 --> 00:20:56,759 something for it because we are now selling them oil and natural gas, our 208 00:20:56,880 --> 00:21:03,680 oil, our natural gas. And then when things get better, we can 209 00:21:03,720 --> 00:21:11,599 open up other areas. But we need to be energy independent, and we 210 00:21:11,680 --> 00:21:18,319 need to help our allies to be energy independent with us so they don't have 211 00:21:18,359 --> 00:21:22,759 to go to Russia or Iran, and we can make a deal with Saudi 212 00:21:22,799 --> 00:21:32,920 Arabia and help and go through it. We need to be there. We 213 00:21:33,000 --> 00:21:37,319 need to be doing these things. Earnings. Surprisingly, we're good for the 214 00:21:37,359 --> 00:21:41,279 banks with these high interest rates. So the big banks know what they're doing. 215 00:21:41,559 --> 00:21:45,079 It's going to be the small banks that are going to have the problems. 216 00:21:45,599 --> 00:21:48,079 Not because they don't know what they're doing. They don't have the ability 217 00:21:48,680 --> 00:21:52,880 to do have trading areas, to do M and A, to do other 218 00:21:52,960 --> 00:21:57,359 ways to be able to bring in the income. That's where the problems are 219 00:21:57,359 --> 00:22:02,119 going to be because loans are going to start having problems, credit cards are 220 00:22:02,160 --> 00:22:07,599 going higher, savings are going down. They're going to break this economy. 221 00:22:08,200 --> 00:22:12,079 I don't think that's a good idea. I think we can live where we 222 00:22:12,119 --> 00:22:18,000 are. Inflation's coming down a little bit. Don't raise interestrates anymore. You 223 00:22:18,160 --> 00:22:22,559 have to because it starts taking off and heated. Raise them again. You're 224 00:22:22,559 --> 00:22:26,039 weren't that smart to raise them when we had all the inflationary figures on the 225 00:22:26,079 --> 00:22:32,200 table, because of why, because the election was coming up. We should 226 00:22:32,240 --> 00:22:37,079 have after the pandemic, that's when we should have started raising interest rates. 227 00:22:37,319 --> 00:22:40,400 We knew that was going to be inflationary. We need the government to stop 228 00:22:40,440 --> 00:22:45,359 spending so much money. We get those things done, we'll be fine. 229 00:22:45,599 --> 00:22:48,960 But in all this, I'm just gonna tell you right now, when it 230 00:22:48,960 --> 00:22:52,599 comes to your portfolio, it comes to your savings, how to do this, 231 00:22:52,640 --> 00:22:56,279 how to get through this. You better have a financial plan, and 232 00:22:56,359 --> 00:23:00,240 you better know how to mitigate risk and how to be cautious and how to 233 00:23:00,240 --> 00:23:03,480 get through it. It's not about how much you return, It's about how 234 00:23:03,559 --> 00:23:07,160 much you get your principal back if you lose. How much are you going 235 00:23:07,200 --> 00:23:14,440 to lose. Mitigate that risk. If something happens in markets crash thirty forty 236 00:23:14,440 --> 00:23:17,640 percent, what are you going to do? You want to be down less 237 00:23:17,680 --> 00:23:21,839 than that and have cash on the side to be able to buy stay in 238 00:23:21,960 --> 00:23:26,720 quality, quality, quality, quality right now, quality bonds, bond loners, 239 00:23:26,799 --> 00:23:32,200 government bonds are paying good money right now. Great corporations are paying good 240 00:23:32,240 --> 00:23:36,359 money right now to buy their bonds for one year, two years, three 241 00:23:36,400 --> 00:23:40,160 years, four years, five years. You do a bond loner. You 242 00:23:40,319 --> 00:23:45,799 do things like that. Mitigate your risk, and don't think you know. 243 00:23:45,920 --> 00:23:49,440 They always talk about annuities are guaranteed. They have that guarantee. They say 244 00:23:49,440 --> 00:23:53,119 they're guaranteed. But if hell goes to everything goes to hell in a hand 245 00:23:53,160 --> 00:23:57,799 basket, they're gonna have problems paying two. So don't think it's just a 246 00:23:57,839 --> 00:24:02,799 one way street. Be smart about everything you do. A newity's work. 247 00:24:02,839 --> 00:24:07,759 In many situations. We see a disaster. Even gold isn't going to get 248 00:24:07,759 --> 00:24:11,400 you what you want, might go up at price where you gonna sell it 249 00:24:11,440 --> 00:24:14,480 to. All right, we'll be back. It's the money matter show. 250 00:24:15,440 --> 00:24:18,720 I appreciate you listening to what I had to say today. I'm not a 251 00:24:18,759 --> 00:24:21,839 happy person. What's going on. We need to fix it. We need 252 00:24:21,880 --> 00:24:25,359 to fix it quickly. We need to fix it with smart people. Thank 253 00:24:25,400 --> 00:24:32,680 you for listening to me. Right back say it's a welcome back everybody to 254 00:24:32,799 --> 00:24:36,960 the Money Matter Show. We got Dave and Dylan and Todd and myself here 255 00:24:37,359 --> 00:24:42,160 to talk about everything that's going on from the from the geopolitical, the political, 256 00:24:42,279 --> 00:24:45,440 and how it affects the markets. And uh, like I said in 257 00:24:45,480 --> 00:24:49,880 my monologue, you're better be cautious because you don't know what's gonna happen. 258 00:24:49,880 --> 00:24:52,920 You don't know what happened during the weekend, you don't happen to overnight, 259 00:24:52,960 --> 00:24:56,000 you don't not how much does any of this stuff escalate. I mean, 260 00:24:56,039 --> 00:25:00,640 I think you did mention any of your monologue. The market's been in there 261 00:25:00,640 --> 00:25:03,680 pretty well thinking that this will be a typical Israeli war, you know, 262 00:25:03,720 --> 00:25:07,720 over in a week or ten days, and maybe not, maybe this will 263 00:25:07,759 --> 00:25:11,640 be different. But that's been the history, and there's been lots of wars 264 00:25:11,680 --> 00:25:15,680 in Israel, and they generally take care of them pretty quickly. Oh here's 265 00:25:15,720 --> 00:25:22,640 the deal. They're usually ending pretty quickly because Israeli always a blind military from 266 00:25:22,720 --> 00:25:26,680 us, and we have the best, and they don't. But over the 267 00:25:26,799 --> 00:25:33,200 years they've caught up. And I'm not saying hesbalalah, and I'm not saying 268 00:25:33,279 --> 00:25:37,960 Amas. I'm saying Iran, right, Russia, China, They've all got 269 00:25:38,000 --> 00:25:44,799 the ability to have the technology that we have and get it to them. 270 00:25:45,000 --> 00:25:47,680 Yeah, I mean that's a whole different story. But Hamas is not flying 271 00:25:47,720 --> 00:25:51,960 around in jets. Okay, Hesbal is not flying around in jets. You 272 00:25:52,000 --> 00:25:56,599 know, they have limited resources, limited things they can do. What they 273 00:25:56,599 --> 00:26:00,720 have on their side is anger. I guess from who knows what. We 274 00:26:00,799 --> 00:26:03,680 still don't know how they got everything into those that's the big question. Three 275 00:26:03,680 --> 00:26:08,240 thousand, three thousand the first day, how many have been there? Tens 276 00:26:08,279 --> 00:26:12,680 of thousands of rockets have been shot off, And and that's the disturbing part 277 00:26:12,720 --> 00:26:17,839 is how does Israel and or the United States not see that happening? I 278 00:26:17,839 --> 00:26:21,160 don't know, not see that movie? Where's the CIA? Where's where's the 279 00:26:21,599 --> 00:26:26,680 the people? For Israel, they're usually the best, the best. Okay, 280 00:26:26,759 --> 00:26:29,440 what are we doing here? How's our FBI? Oh, that's right, 281 00:26:29,480 --> 00:26:33,079 our FBI who can't care, doesn't care about anything but not letting Trump 282 00:26:33,119 --> 00:26:37,599 get in right, where's our FBI at the border. Who's coming across here? 283 00:26:37,759 --> 00:26:40,359 I am telling you, I hate to think about it, but they're 284 00:26:40,400 --> 00:26:42,640 infiltrating us. Dave. I think there's and it doesn't take a lot. 285 00:26:42,720 --> 00:26:45,880 Someone said the other day, well you know how many could there be? 286 00:26:45,920 --> 00:26:48,519 Well, how many did it take to do nine to eleven twelve? I 287 00:26:48,519 --> 00:26:52,799 mean there wasn't. It wasn't a hundred people. And in our country has 288 00:26:52,799 --> 00:26:56,240 become so oh you can't say that, Oh I'm going to cancel you. 289 00:26:56,279 --> 00:27:03,240 Oh you're a racist, which means everyone's got to look at your way and 290 00:27:03,319 --> 00:27:06,839 until it happens to them, Dave, Yeah, until it happens to them, 291 00:27:07,279 --> 00:27:10,960 that's when everything changes. Now, there are certain people that you know 292 00:27:11,039 --> 00:27:14,400 in your life, and we see them on TV every day. With this 293 00:27:14,799 --> 00:27:18,319 Israeli situation that you're simply not going to reason with. You cannot sit down 294 00:27:18,680 --> 00:27:22,039 and work it out with those people. You have people in your life. 295 00:27:22,079 --> 00:27:26,039 I have people in my life that you know, and politically I just cannot 296 00:27:26,119 --> 00:27:30,480 talk anything politically with them. It just doesn't It just doesn't go there. 297 00:27:30,880 --> 00:27:34,599 More importantly, because this is the money matters, show Social Security cost of 298 00:27:34,640 --> 00:27:38,200 living in adjustment three point two percent. I want to thank everyone for working 299 00:27:38,319 --> 00:27:41,680 and contributing, so we get a little bit more money. I know, 300 00:27:41,759 --> 00:27:48,839 I just I just started looking into getting signed up. And it's interesting because 301 00:27:51,880 --> 00:27:55,480 not only do we pay, we get Social Security that we've paid for the 302 00:27:55,480 --> 00:27:59,519 whole time. Rightly, we basically getting a money back. That's all we're 303 00:27:59,519 --> 00:28:03,720 doing our money. But you're right, but we got taxed on the money 304 00:28:03,720 --> 00:28:08,319 for Social Security. We get social Security, we get taxed again. Well, 305 00:28:08,319 --> 00:28:14,000 we didn't get taxed on the Social Security sociality. You are taxed on 306 00:28:14,000 --> 00:28:15,759 it, so it's taken out of your pay and then set aside for you 307 00:28:15,759 --> 00:28:18,440 know, they're sending it back to you and taxing you, taxing it, 308 00:28:18,519 --> 00:28:22,279 yeah, because there's never been taxed. But if you're working on this never 309 00:28:22,279 --> 00:28:25,640 if you're working, guess what happens. Well, you get paid, you 310 00:28:25,640 --> 00:28:26,640 pay tax, you have to pay more. No, I get it. 311 00:28:26,720 --> 00:28:29,880 I get that, and they're still they're still taking it. And then you 312 00:28:29,880 --> 00:28:32,559 get taxed on and they're still taking it out of our checks. Right it's 313 00:28:32,880 --> 00:28:34,359 you get it taken out of your check. So how much you really get 314 00:28:34,640 --> 00:28:37,799 out of the thirty five hundred bucks? You know what I mean? Yeah, 315 00:28:38,000 --> 00:28:41,079 Well, your your first thing you Medicare party comes out of there, 316 00:28:41,119 --> 00:28:45,359 So then I have fifteen percent with all for taxes. Right, Oh, 317 00:28:45,400 --> 00:28:48,799 I get twenty six hundred or whatever, But that's twenty six hundred I wasn't 318 00:28:48,799 --> 00:28:52,359 getting. And I'm glad to know. It's just amazing. How and then 319 00:28:52,680 --> 00:28:55,480 and now the money you put in each month, Yeah, I'm probably back 320 00:28:55,480 --> 00:29:00,640 into security for the year. We put money back into so secure. Good 321 00:29:00,640 --> 00:29:03,480 playing inferent ways. You know, we had we had two more two economic 322 00:29:03,559 --> 00:29:07,119 numbers this week, but were not great, and the market just shrugged them 323 00:29:07,160 --> 00:29:12,359 off. The PPI and the CPI, we're both a little hotter than what 324 00:29:12,680 --> 00:29:18,839 they wanted to see. So you've got the Israeli conflict. War. It's 325 00:29:18,960 --> 00:29:22,200 war. I guess I can call war because they declared war. You've got 326 00:29:22,200 --> 00:29:26,319 the Israeli war, and you've got CPI and PPI. You've got interest rates 327 00:29:26,279 --> 00:29:32,559 creeping up. What oil jumped four or five bucks on Friday after the Biden 328 00:29:32,599 --> 00:29:36,480 administration said they're gonna clamp down on Russia. Did you think they already did 329 00:29:36,559 --> 00:29:41,680 that? Wouldn't you think that they told us they did that They're finally gonna 330 00:29:41,720 --> 00:29:45,759 get serious about Russian oil and bargo a year and a half into this Ukraine 331 00:29:45,839 --> 00:29:48,799 war. You say the stock market didn't react, it's true, but there 332 00:29:48,880 --> 00:29:52,559 was some reaction in the bond market. We saw rates come down a little 333 00:29:52,559 --> 00:29:56,119 bit this week, and so that gave way to the dollar giving back some 334 00:29:56,240 --> 00:30:00,400 of its weekly gains that had from the previous week, and we saw gold 335 00:30:00,559 --> 00:30:04,440 run because of it. I mean gold has had its best week since March. 336 00:30:04,839 --> 00:30:10,920 That was just that was all Friday, and it was all concerns about 337 00:30:10,960 --> 00:30:14,599 the war. It was also concerns about going into a weekend. Rates also 338 00:30:14,640 --> 00:30:17,599 dropped on CPI Day, so it wasn't just Friday. But no, what 339 00:30:17,759 --> 00:30:21,319 no gold, Gold was one hundred percent Gold was Friday one hundred Friday, 340 00:30:21,400 --> 00:30:23,759 right, And it wasn't about the dollar. We know that gold moves with 341 00:30:23,799 --> 00:30:26,880 the dollar, and it wasn't because the dollar dropped. It was the dollar 342 00:30:26,960 --> 00:30:30,880 was pretty stable all week. It was because of this. I want to 343 00:30:30,880 --> 00:30:33,799 load up on gold in case something happens this weekend. That's really big. 344 00:30:36,559 --> 00:30:38,839 So if Monday, if nothing happens, it's really big. Who's no, 345 00:30:38,880 --> 00:30:41,799 it's Monday. It could be down fifty bucks. Gold is an interesting, 346 00:30:42,359 --> 00:30:45,680 an interesting vehicle right now. Typically moves with the dollar, it didn't this 347 00:30:45,759 --> 00:30:52,119 week, a dollar was relatively flat. Did you say vehicle, Oh yeah, 348 00:30:52,119 --> 00:30:56,359 did give me a hard time today because yeah, garage here. Yeah, 349 00:30:56,480 --> 00:31:00,000 I was down for the day because your electricity went. It turned out 350 00:31:00,079 --> 00:31:03,799 I was one of I'm one of fifty one houses in the city of Tucson 351 00:31:03,160 --> 00:31:07,480 that doesn't have power. And there was a transformer issue, but it only 352 00:31:07,480 --> 00:31:11,799 affected fifty one houses, So they're not they're not paying attention to the thousands 353 00:31:11,880 --> 00:31:17,000 of homes that have electric vehicles that have power. They're gonna pick on me 354 00:31:17,799 --> 00:31:22,559 because you talked about how great it is and everything else, and it is, 355 00:31:22,640 --> 00:31:25,799 it's got good qualities to it. But this is what happens when you 356 00:31:25,799 --> 00:31:29,880 don't have electricity. You can't go anywhere. The same goes for a gas 357 00:31:29,880 --> 00:31:32,319 powered car because if you don't have electricity, you can't pump it out of 358 00:31:32,359 --> 00:31:36,400 the ground. You can't get the gas in your car. It's that simple. 359 00:31:36,559 --> 00:31:38,559 But you can fill it up and get five hundred and some odd miles 360 00:31:38,559 --> 00:31:41,400 out of it, Okay, and if you go down halfway and if you 361 00:31:41,400 --> 00:31:44,279 fill it up each time, you at least sit in there. Also, 362 00:31:45,039 --> 00:31:47,160 I can say gallons, that's your house. Yeah, you can have extra 363 00:31:47,200 --> 00:31:52,240 gallons? Can I act you're stirring gasoline at your house that you can. 364 00:31:52,920 --> 00:31:56,160 You're not getting out of this one, Dave. You're talking about you have 365 00:31:56,279 --> 00:31:57,759 promoted this for so long. No, no, I'm not promoted. And 366 00:31:57,759 --> 00:32:00,119 then what you had to do you had to go up because you only one 367 00:32:00,160 --> 00:32:04,319 clock can work. Now, yeah, I'm not promoting it that well. 368 00:32:04,359 --> 00:32:08,799 You're promoted heartily. You know. I've actually had a couple of myav garages 369 00:32:08,839 --> 00:32:13,440 have been negative. You know what's wrong? Things that are wrong. This 370 00:32:13,519 --> 00:32:15,319 is wrong, things that are wrong. But because the other thing we talk 371 00:32:15,400 --> 00:32:20,920 about too is not having enough electricity for different reasons, not enough stations, 372 00:32:20,920 --> 00:32:24,759 not enough this. But we also talked about if there's a disaster you know 373 00:32:24,759 --> 00:32:29,160 what I mean, and you have to get out of town and electricity went 374 00:32:29,200 --> 00:32:31,359 out, you can't get your car and drive out. I mean, think 375 00:32:31,359 --> 00:32:35,319 about it when people evacuate. No, no, no, that's not true. 376 00:32:35,400 --> 00:32:38,960 I mean they charge you charge the car following the manufacturer's advice, you 377 00:32:39,079 --> 00:32:43,720 charge the car every evening, so power goes out, you got ninety percent 378 00:32:43,799 --> 00:32:46,160 charge, will get you have to go how far? You know the range 379 00:32:46,160 --> 00:32:51,119 is three hundred and thirty miles. I would say about two hundred would be 380 00:32:51,599 --> 00:32:54,839 we'll see. The bottom line is is a lot more negatives than positives. 381 00:32:54,920 --> 00:33:00,920 The positive it's a sexy car, you don't have to pay for gas and 382 00:33:00,039 --> 00:33:04,400 it drives great. And I don't agree that there's a lot more negative than 383 00:33:04,480 --> 00:33:07,599 positive, but I think they're pretty equal. You can't get your car and 384 00:33:07,599 --> 00:33:10,799 turn the key and go, but you can, you can. I had 385 00:33:10,839 --> 00:33:13,799 no problems this morning, you know, I had no problems at all. 386 00:33:13,920 --> 00:33:16,240 No, I agree there's a lot more negative than positives because of the costs 387 00:33:16,319 --> 00:33:21,160 of the CO two penalty to actually bring the ev to life in the first 388 00:33:21,160 --> 00:33:23,759 place. I know, well, and then you only have that one car 389 00:33:23,880 --> 00:33:27,440 that he was able to get out in a garage. But guess what then 390 00:33:27,480 --> 00:33:31,359 they couldn't get opened the garage. So help out when electricity goes out. 391 00:33:31,400 --> 00:33:36,359 Bottom line is what I'm saying. It's a problem and all electric grid Let's 392 00:33:36,359 --> 00:33:38,920 face the guys, it needs some updating. Well in Tucson, if somebody 393 00:33:38,960 --> 00:33:43,440 sneezes the power goes out. I mean, you know, the bright sunny 394 00:33:43,519 --> 00:33:46,279 day, eighty degrees and there's no par what in the hell only one of 395 00:33:46,359 --> 00:33:52,559 fifty one? You believe that fifty one houses in the whole city of Tucson, 396 00:33:52,680 --> 00:33:54,920 and mind is one of them. How do you get up this morning? 397 00:33:55,279 --> 00:33:58,200 How do you know what that? It was still on when I got 398 00:33:58,240 --> 00:34:00,720 up. Okay, yeah, I was still on interest rates edge lower Todd. 399 00:34:00,759 --> 00:34:02,720 We talked about that a little bit. They were down three percent on 400 00:34:02,759 --> 00:34:08,719 the week. The actual yield oil popped on Friday, about four percent on 401 00:34:08,800 --> 00:34:14,760 Friday again, those Titan sanctions against Russia up about five bucks on the week 402 00:34:14,800 --> 00:34:17,119 to eighty seven seventy gold up fifty eight bucks and a week. All of 403 00:34:17,119 --> 00:34:22,599 that was Friday, nineteen twenty seven. I remember it was twenty one hundred, 404 00:34:22,679 --> 00:34:24,639 not that long ago, so that it had to rally fifty eight bucks 405 00:34:24,639 --> 00:34:30,199 to get back to nineteen twenty seven. Tenure yield the spread between the tenure 406 00:34:30,239 --> 00:34:34,920 and the two year hanging in there about forty three basis points. I think 407 00:34:35,000 --> 00:34:38,320 last week it was forty basis points. So that's down from one hundred basis 408 00:34:38,320 --> 00:34:42,840 points, which is what it was for most of the year. So that 409 00:34:43,280 --> 00:34:45,320 deal spread is aar and Bitcoin down five percent. What's going on there, 410 00:34:45,360 --> 00:34:49,920 Todd? Nothing much, I mean, other than just people maybe trying to 411 00:34:50,679 --> 00:34:52,880 look at the FTX trial. I mean that'd be pretty bad trading right now. 412 00:34:52,960 --> 00:34:54,960 Yeah, I just maybe I know, maybe a little profit taking after 413 00:34:55,000 --> 00:34:59,639 it had pretty strong a few months. Yeah, I mean I think it. 414 00:35:00,199 --> 00:35:01,559 I mean, nothing really going on right there. So yeah, it's 415 00:35:01,559 --> 00:35:05,800 still a puff its bottoms too. It's trading around twenty six twenty seven thousand 416 00:35:06,039 --> 00:35:08,559 for coin. Yeah it is. I was thinking coming in a Monday, 417 00:35:08,559 --> 00:35:14,199 I was thinking, boy, raytheon or really go because we saw that iron 418 00:35:14,280 --> 00:35:17,840 dome that is over Israel, and that iron dome is provided the courtesy of 419 00:35:17,840 --> 00:35:21,480 everything on. Do we have an ion dome here? I don't think so. 420 00:35:22,239 --> 00:35:24,679 I'm sure they have one. Do they have an iron dome? Over 421 00:35:24,719 --> 00:35:30,760 weighte on over the eightyon plan? Right? But you would think that. 422 00:35:30,840 --> 00:35:34,079 You know, you said they shout off three thousand missiles, Well that's three 423 00:35:34,119 --> 00:35:37,639 thousand patriots to intercept those three thousand missiles. I do believe we have a 424 00:35:37,679 --> 00:35:40,000 system where if anything was to go pop up on radar, we have fighter 425 00:35:40,079 --> 00:35:43,800 jets and we have something. I know, we have some things. We 426 00:35:43,880 --> 00:35:45,800 just I don't even want to know about all of it. I just want 427 00:35:45,800 --> 00:35:49,440 to know protect us. We got it. You're listening to the Money Bout 428 00:35:49,480 --> 00:35:52,480 of Show. It's much appreciated. There's a lot to talk about. Imber. 429 00:35:52,559 --> 00:35:55,440 You need help mitigate risks doing anything, call us, We'll sit down 430 00:35:55,440 --> 00:36:05,000 with you. We'll be right back the Welcome Back Everybody, Money Matter Show 431 00:36:05,119 --> 00:36:08,599 with Todd, Dylan, Dave, myself, Dean. We appreciate you listening. 432 00:36:08,800 --> 00:36:13,239 You know. I hope you picked up a little earlier. The way 433 00:36:13,280 --> 00:36:17,159 I'm looking at these markets right now, I want them to rally, but 434 00:36:17,280 --> 00:36:24,360 hope it's not a strategy. Fundamentally, our economy is pretty good, but 435 00:36:24,480 --> 00:36:30,400 externally everything could turn that around in a heartbeat. Interest rates can go up, 436 00:36:30,559 --> 00:36:32,920 the war can get worse. We can have terrorist attacks in the United 437 00:36:32,960 --> 00:36:37,719 States. We have so many other things that can happen. It's time to 438 00:36:37,719 --> 00:36:40,760 be cautious because I don't think we're low enough where I can say, you 439 00:36:40,800 --> 00:36:45,320 know, we bought hearing something happened. We're low enough on evaluations that people 440 00:36:45,320 --> 00:36:50,000 which just use it as a buying opportunity. If something happened right now, 441 00:36:50,760 --> 00:36:53,239 I think the selling would last for a while because it would take so long 442 00:36:53,280 --> 00:36:55,280 to come back. You know what I'm saying. I can't disagree with that. 443 00:36:55,400 --> 00:36:59,480 I can't. Yeah, I think you're right, Dane. The market 444 00:37:00,000 --> 00:37:02,400 we does want to go higher here, but you're right, a black swan 445 00:37:02,440 --> 00:37:07,760 event, something, a major escalation of the Israeli war, those are things 446 00:37:07,800 --> 00:37:09,960 that you have to worry about. Dean. You said, you know, 447 00:37:09,960 --> 00:37:13,800 we talked about the commody. I heard you stand in your monologue that the 448 00:37:13,800 --> 00:37:16,679 Fed is going to keep pushing him till something breaks. We had a local 449 00:37:16,800 --> 00:37:23,960 example of just how something can break. What that means. Park Mall was 450 00:37:24,000 --> 00:37:30,639 recently purchased for eighty seven million dollars. It has an outstanding loan of one 451 00:37:30,719 --> 00:37:34,599 hundred and fifty four million. It was purchased for eighty seven million. It 452 00:37:34,639 --> 00:37:38,400 has an outstanding loan of one hundred and fifty four million. So somebody, 453 00:37:38,679 --> 00:37:43,760 not only is the person that bought that mall for what two hundred million or 454 00:37:43,800 --> 00:37:49,079 whatever going to lose a ton of money. So is the bank Tucston Mall 455 00:37:49,920 --> 00:37:53,559 from what I'm hearing what I'm reading, is in even wor shape. So 456 00:37:53,679 --> 00:37:57,800 that's what's going to break if you get something like that where you've I don't 457 00:37:57,840 --> 00:38:00,400 know what bank is on the hook. I couldn't find that out. What 458 00:38:00,480 --> 00:38:02,000 bank is on the hohod oh it wouldn't be one bank, would be many 459 00:38:02,000 --> 00:38:07,320 banks, the probably risk. But Foothills Mall, look what they did. 460 00:38:07,800 --> 00:38:12,880 They kept some restaurants, they kept the they kept the movie theaters. They've 461 00:38:12,920 --> 00:38:19,159 kept the entertainment areas. Right now they're gonna build apartments there and they're actually 462 00:38:19,159 --> 00:38:22,119 renovating the movie theater too, because that's the only success they had there. 463 00:38:22,119 --> 00:38:22,960 I mean, they got rid of all the outlet malls because you got the 464 00:38:22,960 --> 00:38:27,039 outlet mall up by Twin Peaks, which is it does well, right Todd, 465 00:38:27,159 --> 00:38:30,079 Yeah, go there, it does pretty well. And that's what Foothills 466 00:38:30,079 --> 00:38:31,360 Mall used to be. Now they have the movie theater and there it's actually 467 00:38:31,360 --> 00:38:35,039 really nice in there. They're gonna make a lot up and living, you 468 00:38:35,079 --> 00:38:37,599 know what I mean. You live there, you can shop there, you 469 00:38:37,639 --> 00:38:40,400 can entertain there, and and it'll be nice places. Yeah. Really, 470 00:38:40,440 --> 00:38:43,719 Phoenix has places like that. They're actually pretty cool. You don't have to 471 00:38:43,760 --> 00:38:45,920 go everywhere, you know. It's a great store they have. Because with 472 00:38:46,000 --> 00:38:51,559 the commercial property, not only will the investors get hurt, but the banks 473 00:38:51,559 --> 00:38:54,559 get hurt. And then when those commercial properties get refinanced, right, they 474 00:38:54,559 --> 00:39:00,320 don't work like a normal mortgage. You have to refinance those long and so 475 00:39:00,360 --> 00:39:02,599 when you refinance with the higher rate, that messes everything up. Yeah, 476 00:39:02,719 --> 00:39:06,679 the higher rates have really made a big difference. And right, and then 477 00:39:06,719 --> 00:39:08,639 the decision comes to I just give it back to the bank or not. 478 00:39:08,880 --> 00:39:12,639 Ye, the cash flow is just diminished. And so now you've got something 479 00:39:12,639 --> 00:39:15,920 that you know, one hundred and fifty four million on that's worth eighty seven 480 00:39:15,960 --> 00:39:20,159 million. And that's been a pretty about quote unquote black Swan event that could 481 00:39:20,159 --> 00:39:22,679 happen in the next couple of years is that there's over two trillion dollars worth 482 00:39:22,679 --> 00:39:27,440 of commercial real estate that's up for redo their loans. If you have this 483 00:39:27,559 --> 00:39:30,679 example in Tucson where you're talking pack Mall one hundred million dollar loss on uson 484 00:39:30,760 --> 00:39:36,480 Mall probably one hundred million dollar lost. It's talking billion dollars in San Francisco 485 00:39:36,519 --> 00:39:38,360 and stuff. Yeah, that they can't fill those offices. Yeah, I 486 00:39:38,360 --> 00:39:42,440 mean you see just a ghost town in San Francisco. I see some of 487 00:39:42,440 --> 00:39:44,599 those videos. I mean, so they should use it for the homeless. 488 00:39:44,599 --> 00:39:46,360 And one well, right, I mean they're just boarded up right now. 489 00:39:46,400 --> 00:39:49,719 That's probably what they're going to be converted into. I mean, there is 490 00:39:49,760 --> 00:39:53,920 not one what Humberto Lopez did with the holiday in down there. Yeah, 491 00:39:54,079 --> 00:39:58,480 you tuned it into a homeless shelter with all the services and stuff. It's 492 00:39:58,519 --> 00:40:02,360 beautiful, you know, and supports it and puts money into it and everything. 493 00:40:02,440 --> 00:40:07,360 I mean, that's that's what people that have some of those things should 494 00:40:07,360 --> 00:40:09,079 take that model around the country and do it. It's one of the most 495 00:40:09,280 --> 00:40:14,440 one of the best ideas ever in Tucson, I think as converting that holiday 496 00:40:14,480 --> 00:40:16,719 and I'm PALAVERTI into a homeless uh you know. Yeah. You know, 497 00:40:17,360 --> 00:40:23,320 people give people that are very wealthy that have become successful so much problems and 498 00:40:23,360 --> 00:40:31,800 hatred because they was successful, and there's jealousy. Everybody I know in this 499 00:40:31,880 --> 00:40:37,440 town that has a lot of money gives back tremendously. Yes, they do. 500 00:40:37,639 --> 00:40:42,360 Yes, they give back tremendously and and and they believe in giving back, 501 00:40:42,639 --> 00:40:45,639 especially those that have earned it. Those that have just been given it 502 00:40:46,079 --> 00:40:50,800 and didn't work for it to earn it. That's a that's a different person 503 00:40:50,840 --> 00:40:52,880 sometimes. Yeah, And it's human nature. It's a lot easier to tear 504 00:40:52,960 --> 00:40:57,920 someone else down than to build yourself up. It's just human nature. The 505 00:40:57,960 --> 00:41:01,239 lobster effect, Yeah, the effect, the lobster effects. Oh what's this? 506 00:41:01,320 --> 00:41:05,559 Now? If you boil lobsters into a pot, when one lobster tries 507 00:41:05,599 --> 00:41:07,760 to get out, the other lobsters are going to also try to get out, 508 00:41:07,760 --> 00:41:09,320 but by doing so pulls the lobster trying to get out down, and 509 00:41:09,360 --> 00:41:12,960 so no one ever can get out of the pot. That's the lobster effect. 510 00:41:13,000 --> 00:41:15,599 Yeah, you have never heard that till that one. I heard now 511 00:41:15,639 --> 00:41:22,920 when you did here. Consumer price in decks reported on Thursdays three point seven 512 00:41:22,960 --> 00:41:27,639 percent, which was the same as August. We had twelve consecutive months where 513 00:41:27,639 --> 00:41:30,679 it had gone lower. Started at nine point one percent in June of twenty 514 00:41:30,719 --> 00:41:35,639 one, excuse me, June of twenty two, got down to three percent 515 00:41:35,719 --> 00:41:39,000 in June of twenty three, then three point two in July, three point 516 00:41:39,039 --> 00:41:43,519 seven, in August, three point seven, again in September, August and 517 00:41:43,599 --> 00:41:46,400 September. You can probably I think time most of that to oil, to 518 00:41:46,519 --> 00:41:51,400 gasoline prices. I saw the breakdown and it was by far oil. Yeah, 519 00:41:51,719 --> 00:41:54,840 so we'll see if a gasoline prices can stabilize in here. Oil looked 520 00:41:54,840 --> 00:41:58,719 like it was going to be going back into the seventies, but then on 521 00:41:58,760 --> 00:42:02,920 Friday it jumped based upon that the sanctions on Russian oil, which we all 522 00:42:02,960 --> 00:42:08,559 thought had dollars again. Yeah, crazy, Yeah, we all thought that 523 00:42:08,559 --> 00:42:13,920 that those sanctions were were in place and taking care of things, right, 524 00:42:14,000 --> 00:42:15,239 Yeah, because they said the war's still going on. You know, you 525 00:42:15,280 --> 00:42:20,199 wonder why the wars. We're not squeezing them, they're making money. One's 526 00:42:20,239 --> 00:42:22,280 fine. Let's also keep in mind that most of Russias oil is being sold 527 00:42:22,280 --> 00:42:28,360 to China right now. Okay, but China itself cannot support the Russian war. 528 00:42:29,119 --> 00:42:30,559 No, but that's where Russia is getting all their money. Like the 529 00:42:30,559 --> 00:42:35,519 predominant all Russian's exports is going to China, China and India. Yeah, 530 00:42:35,559 --> 00:42:37,199 I mean so, I mean, whatever we can stop buying all their oil, 531 00:42:37,519 --> 00:42:42,800 does it would it make a difference? I mean the two largest economies, 532 00:42:42,840 --> 00:42:45,920 I mean, the two largest people in the world of India and China. 533 00:42:45,119 --> 00:42:50,599 Gas is going to European natural gas for sure is going you know, 534 00:42:50,800 --> 00:42:53,440 natural gas, yes, because they're trying to increase their stockpiles as they go 535 00:42:53,440 --> 00:42:57,880 into winter, because they had a very warm winter last year, which you 536 00:42:58,000 --> 00:43:00,599 don't normally have two years in a row, so they have to expect some 537 00:43:00,639 --> 00:43:06,280 type of thing going on there. Big acquisition happened last week. It was 538 00:43:06,320 --> 00:43:09,840 finally approved the Microsoft acquisition of Activision Blizzard, which is called of Duty, 539 00:43:10,000 --> 00:43:15,239 It's Diablo and other games like that, for sixty nine billion dollars they bought 540 00:43:15,280 --> 00:43:17,599 them for. It finally got passed by the UK regulators. Has been in 541 00:43:17,639 --> 00:43:25,599 the works for twenty months. It's it's Microsoft's largest acquisition ever and it's going 542 00:43:25,679 --> 00:43:29,719 to help their whole gaming sector a lot. That's a big company. Man. 543 00:43:29,760 --> 00:43:35,960 That FTC has the worst track record this this administration's FTC. I mean 544 00:43:36,000 --> 00:43:39,960 all the trials they brought on, have they won one trial? I mean 545 00:43:40,000 --> 00:43:43,000 they just came on and now what was it? The Google was the last 546 00:43:43,000 --> 00:43:46,480 one? Or Amazon was the last one that they Google? Google's one of 547 00:43:46,519 --> 00:43:51,000 the big news. Now, yeah, Amazon would be in the news too, 548 00:43:51,480 --> 00:43:52,840 I mean the Amazon one. I believe there is no merit. Of 549 00:43:52,880 --> 00:43:57,159 course, when you get big and strong, you could be called a monopoly, 550 00:43:57,719 --> 00:44:00,400 you know what I'm saying. But what they what they forget is on 551 00:44:00,440 --> 00:44:06,280 the other side, they're giving money to start up companies to help grow and 552 00:44:06,320 --> 00:44:10,960 then buy them out too well, which gives entrepreneurs the ability to make a 553 00:44:10,960 --> 00:44:14,760 lot of money. Off these big companies, But no, they want to 554 00:44:14,760 --> 00:44:17,400 break them up. They want to destroy them. Isn't it like sort of 555 00:44:17,400 --> 00:44:23,320 a theme here, Let's destroy everything that's good. People think that big is 556 00:44:23,519 --> 00:44:27,760 bad, rich is bad. You know what I mean? It's like, 557 00:44:28,519 --> 00:44:32,719 who if all these corporations stop making money and people start being wealthy? All 558 00:44:32,800 --> 00:44:37,400 right, what's going to happen? Where are the millions of people going to 559 00:44:37,480 --> 00:44:42,400 work? Right? Who's gonna hire anyone? Right? Who's going to take 560 00:44:42,400 --> 00:44:44,920 a risk? Or you want to get the ire of the American people do 561 00:44:45,079 --> 00:44:50,079 anything to mess up the Amazon machine. The leader of the FTC's all addicted. 562 00:44:51,000 --> 00:44:55,239 Her thesis in college was why Amazon needs to get broken up? So, 563 00:44:55,440 --> 00:44:59,239 I mean it's an ideology she's had before she was being part of the 564 00:44:59,320 --> 00:45:05,679 FTC. These these little tidbits should be coming up lately. You're eating something, 565 00:45:05,960 --> 00:45:09,159 well what what what periodical are you eating? I read a lot Bloomberg. 566 00:45:09,880 --> 00:45:13,639 You're coming up with stuff that's like, you know, we won't even 567 00:45:13,639 --> 00:45:19,199 talk about some of the things. I like calendar next week, We've got, 568 00:45:19,360 --> 00:45:23,559 of course, continue of corporate earnings. The season kicking in had last 569 00:45:23,559 --> 00:45:27,280 week of the end of last week a big kickoff with the major banks. 570 00:45:27,639 --> 00:45:30,960 They kind of lead the charge and they were good. They were the major 571 00:45:30,000 --> 00:45:35,280 banks. It's interesting because the x l E, which is the major bank 572 00:45:35,599 --> 00:45:42,280 index x x xl AF deans I'm sorry XLF xl e's oil XLF. You're 573 00:45:42,360 --> 00:45:45,840 right, was up only two percent for the year, and uh it jumped 574 00:45:46,159 --> 00:45:52,239 two percent at the open on Friday and then closed unchanged because there was some 575 00:45:52,280 --> 00:45:53,920 pressure on the market, going well, yeah, it's interesting. See, 576 00:45:53,960 --> 00:45:58,880 here's the thing. Big banks are going to be okay because they can diversify 577 00:45:58,880 --> 00:46:01,199 out their risk. They can hedge, they can trade, they can do 578 00:46:01,280 --> 00:46:07,039 mergins and acquisitions. It's the it's the regional and small banks they're gonna have 579 00:46:07,079 --> 00:46:10,119 the problems. And then guess who comes in and buys them up, you 580 00:46:10,159 --> 00:46:13,719 know, the big banks. And I don't think the small banks have access 581 00:46:13,719 --> 00:46:15,840 to the reverse repo facility the same way the big banks too, because the 582 00:46:15,880 --> 00:46:21,960 big banks that that literally helps them not worry about capital. Yeah, the 583 00:46:21,960 --> 00:46:24,360 liquidity risk of having those bonds being so down. No, you can still 584 00:46:24,360 --> 00:46:30,840 borrow, they can. You can still borrow from the discount window and stuff. 585 00:46:30,000 --> 00:46:32,920 The problem is is at the end of the day, you don't have 586 00:46:34,039 --> 00:46:37,360 enough loans coming in like they have corporate loans that are gonna come do like 587 00:46:37,400 --> 00:46:42,559 you say, commercial loans and go up right. Usually with the smaller banks, 588 00:46:42,559 --> 00:46:45,760 you're dealing with people that are individuals. And when you have a five 589 00:46:45,800 --> 00:46:50,599 percent loan on a commercial building and now you're telling them it's eight or nine 590 00:46:50,639 --> 00:46:55,000 percent, how they gonna pay it right? You know, because they don't 591 00:46:55,039 --> 00:47:00,679 have like those twenty and thirty year mortgages. They have twenty thirty year amateurizations 592 00:47:00,760 --> 00:47:05,679 with five years, seven year, ten year, you know type stops. 593 00:47:05,920 --> 00:47:09,320 And then you get a park mall to some all type a situation, yeah, 594 00:47:09,719 --> 00:47:14,199 or you just go under you know. All right, there's a lot 595 00:47:14,239 --> 00:47:15,639 of things out there. When we come back, we're going to talk about 596 00:47:16,000 --> 00:47:21,440 why you need that plan and how that will help you through this tumultuous times 597 00:47:21,840 --> 00:47:24,159 and set you up, because you know what, it's one thing being upset 598 00:47:24,159 --> 00:47:29,079 about what's happening, another thing being nervous about it. But that third thing 599 00:47:29,199 --> 00:47:32,840 is is you personally, because no one cares about you except yourself. Trust 600 00:47:32,880 --> 00:47:36,360 me, all right. If you don't care about yourself and you go onto 601 00:47:36,400 --> 00:47:39,480 this just people clapping, we will try to help you through that by planning 602 00:47:39,800 --> 00:47:44,320 and doing the things that are right and mitigating your risks through this problems. 603 00:47:44,320 --> 00:47:52,960 We'll be right back. Welcome back to the Money Matter Show. My name 604 00:47:52,000 --> 00:47:57,920 is Ty Glick. I'm here with If Sherwood and Sebastian Borissini. Dean and 605 00:47:58,000 --> 00:48:00,960 Dave had to take off a little early, and Dylan Deanon. Dylan, 606 00:48:00,960 --> 00:48:05,519 I'm day all those ds. What am I doing? I'm Dave? All 607 00:48:05,639 --> 00:48:08,400 right? You sure? All right? All right, let's wrap up the 608 00:48:08,639 --> 00:48:13,039 market on the week. The Dow was up point eight percent, the S 609 00:48:13,039 --> 00:48:16,480 and P was up point four the Nasdaq was down point two the Russell led 610 00:48:16,480 --> 00:48:20,800 the way down one point six percent down on the week, and the equal 611 00:48:20,840 --> 00:48:23,880 weight it was up point two percent. Wow, those small caps had a 612 00:48:23,920 --> 00:48:27,760 bad week. Huh, small caps had a bad week. And how often 613 00:48:27,800 --> 00:48:30,840 have you seen the equal way to S and P five hundred outperform the small 614 00:48:30,840 --> 00:48:36,119 caps or anything else? Actually it was a positive Tariot underperformed the S and 615 00:48:36,159 --> 00:48:40,199 P five hundred. Oh it did, of course, but actually in positive 616 00:48:40,320 --> 00:48:44,559 territory, working its way back to flat on the year. And we've talked 617 00:48:44,559 --> 00:48:49,119 about this a lot that if you're looking at your portfolio, remember the equal 618 00:48:49,119 --> 00:48:52,119 way to S and P five hundred, which is the most representative index, 619 00:48:52,960 --> 00:49:00,760 is down for the year. Bond prices are down for the year. So 620 00:49:00,840 --> 00:49:05,880 no matter what type of application you have, if you are down for the 621 00:49:06,000 --> 00:49:09,039 year, that's pretty normal. Yeah, and it's hard for a lot of 622 00:49:09,039 --> 00:49:14,280 people to feel that way. You know. You look at the markets going 623 00:49:14,360 --> 00:49:15,719 up. You see in the video, you see a Google, you see 624 00:49:15,719 --> 00:49:20,559 an Apple, and you start to scratch your head why the equal weighted is 625 00:49:21,079 --> 00:49:24,280 flat. But when you really start to look into the numbers, you realize 626 00:49:24,320 --> 00:49:29,559 the overall market has not been doing that well. That's been pretty much the 627 00:49:29,599 --> 00:49:30,960 same as it was, like you said, a couple of years ago. 628 00:49:31,079 --> 00:49:37,320 So now it's all about going forward. These earnings reports that are coming out 629 00:49:37,639 --> 00:49:39,079 that we just got the banks, and they're really going to start coming next 630 00:49:39,079 --> 00:49:44,199 week and throughout the month. How those valuations come into us is going to 631 00:49:44,280 --> 00:49:47,119 be a really big deal because if they're not close to our previous guidance that 632 00:49:47,159 --> 00:49:50,920 we got from these companies, then we're going to see a sell off. 633 00:49:51,199 --> 00:49:53,119 I mean, we talked about this in previous shows. If you take the 634 00:49:53,159 --> 00:49:57,519 top seven stocks out of the S and P five hundred, it's pretty much 635 00:49:57,639 --> 00:50:00,320 historically valued about where it should be. But you put the seven in there, 636 00:50:00,519 --> 00:50:06,360 we're way above historic norms. So seeing maybe some valuation changes on those 637 00:50:06,360 --> 00:50:10,400 big seven could bring us down. They could because because they're so influential and 638 00:50:10,440 --> 00:50:15,960 they have such a heavy waiting in the S and P five hundred. And 639 00:50:15,320 --> 00:50:21,480 you're absolutely right, Todd February of twenty one. February of twenty twenty one, 640 00:50:22,320 --> 00:50:25,360 the equal weight to S and P five hundred index is the same as 641 00:50:25,400 --> 00:50:30,199 it was on Friday February of twenty twenty one, two and a half years 642 00:50:30,199 --> 00:50:34,000 of investing, two and a half years. The market's done and the market's 643 00:50:34,039 --> 00:50:37,920 not going to stay flat forever. You get in a long period of time 644 00:50:37,960 --> 00:50:40,199 here that you can get your money put to work. I was I was 645 00:50:40,239 --> 00:50:45,360 in this business when the Dow Jones Industrial Average hit one thousand for the first 646 00:50:45,360 --> 00:50:51,639 time. We actually had Dow one thousand caps. It's now thirty three thousand, 647 00:50:51,920 --> 00:50:57,760 six hundred and seventy old. Are you I'm old enough without what? 648 00:50:58,280 --> 00:51:04,880 Old enough to order milk? And how's that? But the point is I 649 00:51:04,920 --> 00:51:07,119 haven't been doing this for one hundred years, and that it was one thousand, 650 00:51:07,239 --> 00:51:13,960 Now it's thirty four thousand. That's the trend. The first house I 651 00:51:14,000 --> 00:51:17,679 bought was eighteen thousand. Now that house is probably three hundred and fifty four 652 00:51:17,760 --> 00:51:23,119 hundred thousand. That happens, that's just part of the of the normal cycle 653 00:51:23,159 --> 00:51:28,000 of life. The market's always going to go higher as long as we have 654 00:51:28,119 --> 00:51:31,880 more people. The market's based upon the GDP at gross domestic product, and 655 00:51:31,880 --> 00:51:37,039 as long as we have more people, we're going to have a higher GDP. 656 00:51:37,679 --> 00:51:42,159 And I don't see any period in the inner future where we're going to 657 00:51:42,199 --> 00:51:46,360 have fewer people. Well, we are having a lower birth rate, hopefully, 658 00:51:46,559 --> 00:51:51,840 hopefully we get that birth free under control, because we have seen over 659 00:51:51,880 --> 00:51:55,360 the last twenty thirty years, as urbanization has really been increased, the birthley 660 00:51:55,400 --> 00:52:01,280 has pumpleted, and there's been other causes of that factors. But there is 661 00:52:01,320 --> 00:52:05,719 an interesting thing to look at on on our birth rates as well as some 662 00:52:05,760 --> 00:52:07,960 of the other big G sevens, because the birth rates that are really increasing 663 00:52:07,960 --> 00:52:12,480 are those third world nations, and that's why we always talk about them. 664 00:52:12,800 --> 00:52:15,039 They're going to use a lot more energy than we can use. Additionally, 665 00:52:15,440 --> 00:52:20,840 because they're not even close to where we are technologically right, if you think 666 00:52:20,880 --> 00:52:23,840 about what takes in our home with all these energies. We have a stove. 667 00:52:24,119 --> 00:52:27,920 Third world countries don't have stoves yet, right, They don't have a 668 00:52:28,400 --> 00:52:32,119 point, they don't have a refrigerator yet, they don't have central AC in 669 00:52:32,159 --> 00:52:37,079 their house. And there's billions of people that aren't there yet. So it 670 00:52:37,079 --> 00:52:39,559 happens when those people get all that, right, that's a lot more energy 671 00:52:39,599 --> 00:52:44,159 and that that someone's got to produce that, right, Someone's got to produce 672 00:52:44,159 --> 00:52:47,320 all those refrigerators. Something that is a it's not just looking at our country, 673 00:52:47,320 --> 00:52:52,840 it's looking at the world long humanity, right, That's that's always my 674 00:52:52,360 --> 00:52:58,119 point of view. Be on humanity side and everything should work out, right, 675 00:52:58,280 --> 00:53:00,920 that's it's evolve humanity as itself. I agree. I agree. You 676 00:53:00,960 --> 00:53:07,559 guys have been so busy this this past week meeting people with so I'm thinking 677 00:53:07,559 --> 00:53:13,760 to myself, we're not too far off of Halloween, and after that comes 678 00:53:13,880 --> 00:53:17,039 Thanksgiving and then Christmas and you have relatives coming and you're going to visit people. 679 00:53:17,679 --> 00:53:20,840 You know, this is a period of time. This is a kind 680 00:53:20,880 --> 00:53:24,639 of a window right here where you can give us a call and schedule that 681 00:53:24,760 --> 00:53:30,880 financial plan to meet with you guys before it gets busy. Yeah, I 682 00:53:30,880 --> 00:53:34,119 mean everyone knows when the holidays come around, the last thing you really want 683 00:53:34,159 --> 00:53:37,920 to think about is the money because you're spending a lot of time, so 684 00:53:38,199 --> 00:53:40,679 you don't want to think about it. So it is a good time to 685 00:53:40,719 --> 00:53:45,000 start planning. Now, get that ball rolling. And again this is these 686 00:53:45,039 --> 00:53:49,960 are a couple month processes sometimes, especially if some people are slow movers, 687 00:53:50,000 --> 00:53:52,320 right, Some people that I wanted the whole process done in two weeks. 688 00:53:52,559 --> 00:53:54,239 Some people, you know, we'll have one meeting one month and it'll be 689 00:53:54,320 --> 00:53:58,599 another meeting two months from now, and then that's fine, but at least 690 00:53:58,599 --> 00:54:01,559 getting that ball going, getting that conversation started is a really good place to 691 00:54:01,920 --> 00:54:05,039 right now. It's a good place to start and seeing where you're at. 692 00:54:05,079 --> 00:54:07,559 And again, seasonally, this is a really good time between now and maybe 693 00:54:07,559 --> 00:54:13,280 the middle of November when there isn't a lot going on in terms of holidays, 694 00:54:13,280 --> 00:54:15,000 and then it kind of gets crazy after that. And to talk about 695 00:54:15,039 --> 00:54:17,719 you know, really we've had a lot of meetings, and a lot of 696 00:54:17,760 --> 00:54:22,480 it is because the federal employees that you know a lot listen to the show 697 00:54:22,519 --> 00:54:25,679 and hear us on our TV shows, which our TV shows are back on 698 00:54:25,800 --> 00:54:30,119 Sundays at ten thirty on KVO Way. We've had a lot of federal employees 699 00:54:30,159 --> 00:54:35,119 come to us because we've got that new tool where we can actually estimate pensions. 700 00:54:35,159 --> 00:54:39,320 We can look at pension maximization with using a survivor benefit compared to buying 701 00:54:39,639 --> 00:54:44,599 the out of the market life insurance. You can look at FEGLEE, we 702 00:54:44,679 --> 00:54:49,039 look at f eh B, all the different components of your retirement at picture 703 00:54:49,280 --> 00:54:52,559 we can put into a financial plan and show you how it's projected out. 704 00:54:52,719 --> 00:54:54,599 If there's income gaps, we can look into products and how to bridge that 705 00:54:54,719 --> 00:54:59,559 income gap. And so we've helped a lot of those people because with so 706 00:54:59,599 --> 00:55:01,719 many things moving around in our life, that peace of mind is something they're 707 00:55:01,719 --> 00:55:06,239 looking for. So if you are a federal employee, December thirteenth, we're 708 00:55:06,280 --> 00:55:08,840 going to have a seminar, feel free to give us a call five to 709 00:55:09,039 --> 00:55:12,480 zero five for four to four nine zero nine. It's a free event. 710 00:55:12,920 --> 00:55:15,159 Lunch will be provided and it's an all day event. We're going to go 711 00:55:15,280 --> 00:55:21,400 through everything to know about what a federal retirement benefit looks like as well as 712 00:55:21,559 --> 00:55:25,280 what your specific benefits look like. We have a workbook that you'll go through. 713 00:55:25,400 --> 00:55:29,840 You'll put in all your figures and then afterwards you'll get a free financial 714 00:55:29,880 --> 00:55:31,360 plan. You'll come in and sit down with us, we'll build out the 715 00:55:31,400 --> 00:55:37,000 financial plan. It's just it's one of those unique free services you're not going 716 00:55:37,079 --> 00:55:39,159 to be really able to find anywhere else. Well, you're flying in a 717 00:55:39,320 --> 00:55:45,079 guy who's a specialist in federal retirement. Yeah, I mean someone who knows 718 00:55:45,159 --> 00:55:47,320 probably ten x the amount I could ever know. You know, he's been 719 00:55:47,360 --> 00:55:51,239 doing this for twenty years. He was a federal employee himself at one time, 720 00:55:51,320 --> 00:55:57,079 so he knows a lot about this, and like even the little nuances, 721 00:55:57,559 --> 00:56:00,719 you know, the things that only one in one thousand person whatever run 722 00:56:00,760 --> 00:56:02,960 across, he knows. So we're really glad to have him a part of 723 00:56:04,039 --> 00:56:06,800 the team on that first seminar. And he's actually going to be on the 724 00:56:06,840 --> 00:56:10,679 show I believe next next week. Yeah, next Friday, he'll be on 725 00:56:10,719 --> 00:56:15,000 the show to talk a little bit about what to expect and how it's gonna 726 00:56:15,000 --> 00:56:16,440 look. So really excited about that. Again. You can go to our 727 00:56:16,880 --> 00:56:22,119 Facebook page. You'll see our post and you can sign up on our event 728 00:56:22,199 --> 00:56:25,679 bright page, or you can just call us directly and we'll sign you up 729 00:56:25,760 --> 00:56:30,360 and there's limited seeding. And what a unique event to be able to as 730 00:56:30,440 --> 00:56:34,880 a federal employee about to retire, yeah, or even a couple of years 731 00:56:34,880 --> 00:56:37,039 from retirement. Here you've got an expert coming in and they say, I 732 00:56:37,039 --> 00:56:40,440 don't want to take a day off, mispay, but you actually can ask 733 00:56:40,519 --> 00:56:45,519 your HR and potentially they will give you a paid days off because it's part 734 00:56:45,559 --> 00:56:50,119 of their mandate that they have to educate their federal employees every single year so 735 00:56:50,440 --> 00:56:54,000 about their benefits, and so they can actually pay you for going to an 736 00:56:54,119 --> 00:57:00,679 education seminar for that day. So it's called an SF would ask your HR 737 00:57:00,960 --> 00:57:05,719 director for or your agency director for and if they offer it, then you 738 00:57:05,760 --> 00:57:07,639 can fill that out and you get a payday off while learning about how to 739 00:57:08,280 --> 00:57:15,159 secure your financial retirement. Fantastic opportunity, limited seating. Don't be one that's 740 00:57:15,880 --> 00:57:19,239 come shows up a month from now and said yeah, I'd like to attend 741 00:57:19,320 --> 00:57:22,199 that seminar and I'm sorry. Right, you know, we got the CPI 742 00:57:22,599 --> 00:57:29,079 and over the week and I found an interesting chart showing us real average hourly 743 00:57:29,159 --> 00:57:34,920 earnings. There was twenty five consecutive months of real negative wage growth, which 744 00:57:35,000 --> 00:57:39,639 means that inflation outpaced the pace of wage growth. Do you think the I 745 00:57:39,800 --> 00:57:43,800 does. Do you think that has anything the last strikes? The last five 746 00:57:43,920 --> 00:57:47,519 months, it's actually been positive, So we've kind of actually flipped the gap 747 00:57:47,559 --> 00:57:51,199 where because inflation has come down, as you said earlier in the show, 748 00:57:51,719 --> 00:57:53,480 but we just kind of just stayed up there. It hasn't really come down 749 00:57:53,599 --> 00:57:58,480 that much. So these last five months there's actually a positive real out average 750 00:57:58,519 --> 00:58:00,920 hourly earnings growth. Has anything to do with the strikes that are going on 751 00:58:01,079 --> 00:58:05,920 all over the country, right, you know, you get the UAW strike, 752 00:58:05,960 --> 00:58:09,000 which probably gets the most pressed. Right, Kaiser Permanente had seventy five 753 00:58:09,039 --> 00:58:14,760 thousand employees walk off the job. That's been settled now. Hollywood writers and 754 00:58:14,840 --> 00:58:19,199 actors, the writers settled there as the actress have not. I didn't even 755 00:58:19,239 --> 00:58:24,280 know that really. Yeah. Interested in California hotel workers are doing rolling sick 756 00:58:24,360 --> 00:58:30,719 out blackoutse Yeah. Las Vegas workers are on strike now. Walgreens is trying 757 00:58:30,760 --> 00:58:36,639 to get the CBS employees in the pharmacy Walgreen pharmacy to walk out to shut 758 00:58:36,719 --> 00:58:39,559 it down. So that's like and then Biden's there at the picket line saying, 759 00:58:39,639 --> 00:58:44,639 yeah, you go go. That's very helpful. You know something else 760 00:58:44,679 --> 00:58:50,239 I saw as a recent study by the Chicago Fed said that about one third 761 00:58:50,559 --> 00:58:54,159 of the effects at the rate hacks that we've had they have not been felt 762 00:58:54,239 --> 00:58:59,519 on GDP yet, and about sixty percent of the effects on total hour hours 763 00:58:59,599 --> 00:59:02,199 worked from past ray hikes have not been felt. So I think that's the 764 00:59:02,239 --> 00:59:07,159 big number to look at because the Fed is constantly looking at the labor report 765 00:59:07,199 --> 00:59:09,199 and saying, how is these numbers so strong? Right? I mean, 766 00:59:09,239 --> 00:59:13,239 we have a really strong labor market right now. But I think this tells 767 00:59:13,280 --> 00:59:15,599 you The Chicago Fed did a study and they say sixty percent of the effects 768 00:59:15,639 --> 00:59:20,079 that these rate hikes has not really gone gott into the labor market. I 769 00:59:20,119 --> 00:59:22,840 think it was two years ago. On this show, Dean said wage inflation 770 00:59:23,239 --> 00:59:29,239 is difficult to control and it's not something you're ever going to reverse. And 771 00:59:29,320 --> 00:59:31,639 that's what's happening. Semashian. Do we have any calls, any questions from 772 00:59:31,719 --> 00:59:35,280 listeners? You know what, we actually did have two come in this week. 773 00:59:35,760 --> 00:59:37,239 If you have such a great radio voice, you know, thank you, 774 00:59:37,519 --> 00:59:40,840 Yeah, I had that voice. If you do want a question answered, 775 00:59:42,360 --> 00:59:46,079 you could email us at contact at Greenberg financial dot com or give us 776 00:59:46,079 --> 00:59:50,480 a call and we will answer its. First one comes in from Sofia. 777 00:59:51,000 --> 00:59:53,400 She asked, I'm interested in investing in bonds, but I'm not sure how 778 00:59:53,400 --> 00:59:58,559 to choose between government, corporate or municipal bonds. Can you provide some differences 779 00:59:58,639 --> 01:00:04,119 and some guidance on this? Sure they day bond, that day bond, 780 01:00:04,239 --> 01:00:07,320 day bond. Three different kind of bonds that she mentioned the right. Government, 781 01:00:07,400 --> 01:00:14,679 corporate and municipal municipals are tax free on the federal level, and if 782 01:00:14,719 --> 01:00:17,320 it's your state, if it's a bond from your state, is totally tax 783 01:00:17,400 --> 01:00:22,159 free. Generally, the rates on those will be a little bit lower than 784 01:00:22,320 --> 01:00:28,079 rates on other bonds because they are tax free. You would look at those 785 01:00:28,159 --> 01:00:31,039 bonds if you were in a relatively high tax bracket. If you don't have 786 01:00:31,199 --> 01:00:35,559 a high tax bracket, or you're in a typical, you know, fifteen 787 01:00:35,559 --> 01:00:38,440 to twenty percent bracket, it makes no sense because you can get rates that 788 01:00:38,559 --> 01:00:44,440 are more than fifteen or twenty percent higher than a municipal on a corporate or 789 01:00:44,480 --> 01:00:50,639 a government government obviously guaranteed by the US government. The advantage to those bonds 790 01:00:51,119 --> 01:00:54,679 is their tax free on the state level. All states so that's good. 791 01:00:55,079 --> 01:01:00,360 Corporates have no tax advantage, and as a result, they typically carry a 792 01:01:00,360 --> 01:01:06,119 little higher yield than treasuries, much higher yield than municipals. It's very important 793 01:01:06,159 --> 01:01:12,960 with corporates to look at quality. There's tremendous difference in quality. What we're 794 01:01:13,000 --> 01:01:16,119 finding when we do our bond ladders is that up to two years you can 795 01:01:16,199 --> 01:01:21,960 get a five percent rate on treasuries, and then you start to get beyond 796 01:01:22,039 --> 01:01:24,960 two years. To continue to get five percent, you need to look at 797 01:01:25,079 --> 01:01:30,280 corporates. And I put together a corporate ladder for a guy the other day, 798 01:01:30,639 --> 01:01:36,119 elderly person going in for surgery, concerned that his wife won't be able 799 01:01:36,159 --> 01:01:40,159 to handle the stock portfolio when he's gone. He came in and he sold 800 01:01:40,280 --> 01:01:45,519 all of his stocks and we put it into a five year bond portfolio with 801 01:01:45,719 --> 01:01:51,199 ten percent of the money maturing every six months, and got him an average 802 01:01:51,280 --> 01:01:54,480 yield of about five point two on that over the next five years, and 803 01:01:54,639 --> 01:02:00,440 every six months, ten percent of the woman's money is coming due, and 804 01:02:00,719 --> 01:02:05,199 uh, it's going to provide her with a five percent rate of income, 805 01:02:05,800 --> 01:02:07,199 which is which is going to give her a lot of peace of mind. 806 01:02:08,360 --> 01:02:14,199 So again after two years we started to go into the corporates. You don't 807 01:02:14,239 --> 01:02:19,239 have to get crazy with your quality. Uh this particular portfolio I'm talking about, 808 01:02:19,280 --> 01:02:22,679 I'm trying to think of some of the names, but a Caterpillar, 809 01:02:22,800 --> 01:02:27,400 Walmart, Home Depot, Apple are some of the bonds that that we've bought 810 01:02:27,599 --> 01:02:32,199 for her. Uh for Toyota, I'm sorry, Toyota has Toyota. Yeah, 811 01:02:32,880 --> 01:02:37,199 so you don't. You don't have to give up quality to get a 812 01:02:37,280 --> 01:02:39,320 good rate of return, but you do need to have somebody that knows what 813 01:02:39,360 --> 01:02:45,039 they're doing, because it's a it is what it is. It's good. 814 01:02:45,440 --> 01:02:49,280 Bond letters are really nice if you're if you're someone who has enough money to 815 01:02:49,360 --> 01:02:52,920 live comfortably for the rest of your life, and you're tired of messing with 816 01:02:52,000 --> 01:02:55,880 the stock market, like my buddy who's going in for surgery, and you 817 01:02:57,079 --> 01:03:00,400 just want a predictable rate of return. I can get five percent. I'm 818 01:03:00,440 --> 01:03:04,760 good with that. Just give me five percent with little to no risk for 819 01:03:04,800 --> 01:03:07,400 the rest of my life. I'm good. So we build those bond ladders 820 01:03:07,440 --> 01:03:10,000 for folks, and we're happy to do that. If you're worried about the 821 01:03:10,039 --> 01:03:13,719 default risk on bonds, you could always like you said, go with the 822 01:03:13,760 --> 01:03:16,679 governments, because if the governments, the US government defaults, we probably have 823 01:03:16,719 --> 01:03:20,039 a lot of bigger problems on your hands. You do. And they're are 824 01:03:20,159 --> 01:03:23,440 rating services that help guide us along those lines when we start to get out 825 01:03:23,599 --> 01:03:27,840 away from governments. Obviously, like you said, Sebastian governments, you have 826 01:03:27,920 --> 01:03:30,119 no concern. There's it's a full faith and credit of the US government, 827 01:03:30,199 --> 01:03:35,039 and it's a step above CDs in tern of And still I mean here at 828 01:03:35,039 --> 01:03:37,400 all the time in meetings where clients will scoff at the idea. They're I 829 01:03:37,440 --> 01:03:40,679 don't know how much I trust the government, you know, will they really 830 01:03:40,719 --> 01:03:44,800 be able to pay the bills? Again, people don't realize this. All 831 01:03:44,840 --> 01:03:49,440 the money that you have to your name is denominated in what currency? Okay? 832 01:03:49,559 --> 01:03:52,119 So, and who backs that currency in the US government? Okay, 833 01:03:52,119 --> 01:03:54,280 So the US government goes away, your currency is worthless. Your entire perfoil 834 01:03:54,360 --> 01:03:58,719 is worth everything, and you're known to your name is worthless. So again, 835 01:03:59,079 --> 01:04:01,679 yeah, it doesn't make sense, like you have to think about it 836 01:04:01,840 --> 01:04:06,639 all the way through. And again with mygas right now, rates are really 837 01:04:06,719 --> 01:04:11,960 high. You can lock in even higher for five years, and I've with 838 01:04:12,119 --> 01:04:15,320 a theme We've liked the theme because they have really good customer service and they're 839 01:04:15,440 --> 01:04:18,599 riding around five point five percent, but I've seen as high as five point 840 01:04:18,679 --> 01:04:23,679 seventy five percent for good insurance companies on the five year scale. So if 841 01:04:23,719 --> 01:04:26,880 you are looking to lock in some of those higher rates and you just want 842 01:04:26,960 --> 01:04:30,719 something guaranteed and predictable, we have those options for you. You use the 843 01:04:30,960 --> 01:04:34,079 term MYGA. What's the MIGA? A MYGA is a multi year guaranteed annuity 844 01:04:34,199 --> 01:04:39,119 essentially a contract within annuity company a CD with an insurance company. Yeah, 845 01:04:39,239 --> 01:04:45,039 essentially a five year term, no tax, no no current tax on that 846 01:04:45,519 --> 01:04:48,559 five point four percent or five point five Now, uh, it's five point 847 01:04:48,599 --> 01:04:51,880 five out of theen five point seventy five at Lincoln, and there's a lot 848 01:04:51,960 --> 01:04:57,559 in between. You can get five and a half compounded without any current tax. 849 01:04:57,639 --> 01:05:00,000 So that's pretty appealing to an awful lot of people. Yeah, and 850 01:05:00,119 --> 01:05:02,920 you can and if it's in an IRA, you can take out your arm 851 01:05:03,000 --> 01:05:06,320 D penalty free. And so it does give you a lot of options. 852 01:05:06,360 --> 01:05:11,000 And for the people who just want that steady eddy and it's one of those 853 01:05:11,000 --> 01:05:13,559 things where like you don't have to worry about if rates go higher. Sure 854 01:05:13,760 --> 01:05:16,599 you your Maiga is not going to lose principle, right right. Thank you 855 01:05:16,679 --> 01:05:18,880 for your question, Sophia, I hope we answered it. This next one 856 01:05:18,960 --> 01:05:23,159 comes in from Steve and he asked, how will this war affect markets? 857 01:05:23,920 --> 01:05:26,039 I think I could take a little bit on this one. Why don't you 858 01:05:26,119 --> 01:05:29,239 take that, Sebastian. Yeah, I'm looking at a table here. It 859 01:05:29,320 --> 01:05:32,760 shows S and P five hundred performance after eleven major geopolitical events. Uh. 860 01:05:32,960 --> 01:05:36,599 These events range from Pearl Harbored attack, the Cuban missile crisis nine to eleven, 861 01:05:36,719 --> 01:05:41,559 and even the more recent Russian invasion of Ukraine. On average, the 862 01:05:41,599 --> 01:05:45,039 initial reaction has been negative, but over the long term, the S and 863 01:05:45,119 --> 01:05:48,239 P five hundred is averaged seven percent increase in the year following these events. 864 01:05:48,920 --> 01:05:53,400 Interesting, I'm gonna say on the market does feel like it wants to go 865 01:05:53,559 --> 01:05:58,480 higher, and you're saying that historically it probably will. Well, it's because 866 01:05:58,599 --> 01:06:00,960 war is a racket. At the end of the day, it costs money 867 01:06:01,039 --> 01:06:03,960 to go on a war. It cost goods and services. Things are getting 868 01:06:04,000 --> 01:06:08,400 destroyed which needs to be reproduced, right, I mean, think about what 869 01:06:08,519 --> 01:06:12,039 happened to Europe and World War two. And then what they had to redo 870 01:06:12,159 --> 01:06:15,599 in Europe after World War Two, that was a lot of economic activity. 871 01:06:16,159 --> 01:06:21,960 It was no one really wanted that economic activity to have to be brought about 872 01:06:23,079 --> 01:06:27,079 because of all the human suffering that came about. But from an economic sense, 873 01:06:27,320 --> 01:06:30,599 it's good because rebuilding brings more money. As unfortunate as it sounds, 874 01:06:30,679 --> 01:06:34,400 one of my I think it was a macroeconomics professor through University of Arizona. 875 01:06:34,519 --> 01:06:40,280 He had always stated, you know, or is very profitable and it's sad. 876 01:06:40,360 --> 01:06:44,320 I mean Eisenhower when he left office, he had a very eerie speech 877 01:06:44,519 --> 01:06:48,519 warning us about the military industrial complex, knowing that it makes them a lot 878 01:06:48,559 --> 01:06:51,639 of money. And you know what we saw with the Cuban missile crisis. 879 01:06:51,679 --> 01:06:56,280 There's been a lot of what you know, people telling Kennedy what to hear 880 01:06:56,320 --> 01:07:00,280 and it wasn't really real. And there's been a lot of stuff that we 881 01:07:00,360 --> 01:07:02,880 need to, you know, always look at. And that's why humanity first, 882 01:07:02,960 --> 01:07:08,480 I mean, no one wants war. You think in terms of bringing 883 01:07:08,559 --> 01:07:14,159 a local again, Raytheon makes the Patriot missiles and they shout off, how 884 01:07:14,199 --> 01:07:18,840 many Patriot missiles over the last week. If you're being said, three thousand 885 01:07:19,000 --> 01:07:23,480 missiles the first day, so that means three thousand Patriots were used, right, 886 01:07:23,719 --> 01:07:26,880 A couple of thousand the next day. Eventually all the missiles that they're 887 01:07:26,920 --> 01:07:30,159 going to run out of missiles. I would have guessed it's gotten pretty quet 888 01:07:30,199 --> 01:07:34,480 over there in Gaza. But Raytheon is going to have to replace all those 889 01:07:34,599 --> 01:07:38,800 to have that iron dome continue to be in placed in Israel. All those 890 01:07:38,960 --> 01:07:43,159 Patriot missiles need to be replaced. When they send equipment to Ukraine to fight 891 01:07:43,280 --> 01:07:46,239 Russia that you know where it was set from, which is European armies, 892 01:07:46,320 --> 01:07:50,280 American armies, that needs to be replaced, right, So everything it needs 893 01:07:50,320 --> 01:07:54,400 to be replaced on and that's why it's such a racket. Yeah, it 894 01:07:54,519 --> 01:08:00,719 really is the one. Disney's a stock that we've been on for quite a 895 01:08:00,760 --> 01:08:05,079 while here. Disney was higher on Monday. Activist Nelson Pels has launched a 896 01:08:05,159 --> 01:08:10,199 campaign for three board seats and an a tamp down locked value. Generally, 897 01:08:10,400 --> 01:08:14,039 that's a really good thing when you get an activist in there trying to get 898 01:08:14,079 --> 01:08:17,680 board seats, trying to they're there for one purpose only, I agree. 899 01:08:18,199 --> 01:08:24,359 But ever since Constellation Brands got their activations and they had the activist take that 900 01:08:24,520 --> 01:08:27,520 seat. I mean the stock's just gone straight down. Yeah, I mean 901 01:08:27,600 --> 01:08:30,439 it was doing great. It wasn't like, you know, two seven area 902 01:08:30,479 --> 01:08:34,600 and then it's like two twenties now, I think, And you know, 903 01:08:35,159 --> 01:08:39,840 from the earning standpoint, they came out they they did fine on earnings. 904 01:08:40,359 --> 01:08:45,000 It's always funny when you see the ex canopy growth, canopy growth, but 905 01:08:45,159 --> 01:08:46,960 even still, I mean you think like there's got to be something there, 906 01:08:47,039 --> 01:08:51,359 and to see it drop that much, that point that still points out to 907 01:08:51,439 --> 01:08:57,439 me. So keep an eye on Constellation too. As a Tesla opened lower 908 01:08:57,520 --> 01:09:00,880 on Monday after a report the company saw a ten percent year over your sales 909 01:09:01,000 --> 01:09:09,359 decline in China, ten percent year over year sales decline in China as cheaper 910 01:09:09,439 --> 01:09:14,439 domestic cars are taking more market share than Tesla. They have they have a 911 01:09:15,720 --> 01:09:21,079 apologize to that. Domestically, they continue to cut prices. Tesla does domestically, 912 01:09:21,159 --> 01:09:25,479 They're doing a lot of price cutting and a lot of special lease programs. 913 01:09:25,720 --> 01:09:30,239 Competitions heated up. I mean they had nobody, nobody competing with them 914 01:09:30,920 --> 01:09:32,520 a couple of years ago. There's a lot of competition now. Yeah, 915 01:09:32,760 --> 01:09:36,439 I mean that one company that Charlie Munger thinks is his favorite TV vehicle play. 916 01:09:36,479 --> 01:09:39,960 I can't think of the name now, but in China, Yeah, 917 01:09:40,079 --> 01:09:43,119 that's the one that is taking all the business from Yeah, they have and 918 01:09:43,199 --> 01:09:46,760 they're able to. They're selling cars that have similar range, similar design to 919 01:09:46,880 --> 01:09:54,119 Tesla and are about that cheaper, right, a China company knocking off a 920 01:09:54,239 --> 01:09:58,760 brand. Imagine that. Yeah, so anyway that the price are about twenty 921 01:09:58,800 --> 01:10:03,000 five percent cheaper. So that took some China market share, although Tesla stock 922 01:10:03,199 --> 01:10:06,840 has actually hung in there pretty well, and we've talked a lot about their 923 01:10:06,920 --> 01:10:13,720 dominance in the charging space and how that ultimately could become a bigger business. 924 01:10:13,760 --> 01:10:16,279 You know, Apple's back office is every bit as big a business as selling 925 01:10:16,319 --> 01:10:21,359 iPhones their service business. Yeah, and then then that's what's happening with Tesla, 926 01:10:21,880 --> 01:10:28,039 This this charging station business that they have that dominates the that space. 927 01:10:28,600 --> 01:10:35,520 Do you pay like a monthly subscription for the updates or the updates to the 928 01:10:35,680 --> 01:10:41,279 Tesla Yeah, you know, I was just thinking like how could they monetize 929 01:10:41,319 --> 01:10:45,920 that minus So, I mean that's the back end, right that's servicing car 930 01:10:46,039 --> 01:10:48,840 over The back end for them is going to be the charging stations, the 931 01:10:49,520 --> 01:10:54,439 public charging stations, and I just feel like there's so many, so many 932 01:10:54,439 --> 01:10:57,359 things you can do with the car, right Yeah, yeah, well there's 933 01:10:57,520 --> 01:11:00,920 only you know, I guess, but uh, anyway that their businesses is 934 01:11:01,560 --> 01:11:06,800 clearly uh not growing as I don't want to stay slowing because it's not slowing, 935 01:11:06,880 --> 01:11:12,039 it's it's exploding. But uh, it's it's growing slower than it was 936 01:11:12,439 --> 01:11:15,720 when they were the only horse in the race. Yeah. I can see 937 01:11:15,720 --> 01:11:19,359 a world with Amazon Palm technology. You know, that's the that's the gas 938 01:11:19,439 --> 01:11:24,000 station, and then you have a whole bunch of Tesla evy chargers out front 939 01:11:24,600 --> 01:11:29,920 and there's no humans anywhere to be found. A client last week that that 940 01:11:30,720 --> 01:11:34,640 purchased a Volkswagen uh EV same price as the Tesla evy. Uh the reason 941 01:11:34,720 --> 01:11:41,199 he has a handicapped wife who needs the handle that you grab onto when you 942 01:11:41,319 --> 01:11:45,279 get into a car that's right above the door. Tesla does not have that. 943 01:11:45,439 --> 01:11:54,079 So that was the sole purpose for him getting the Volkswagen EV as opposed 944 01:11:54,079 --> 01:11:57,399 to the Tesla EV, which he would have preferred, but they didn't have 945 01:11:57,479 --> 01:12:00,960 the handle get it to us. That interesting, you know. So any 946 01:12:01,159 --> 01:12:03,840 there's a lot of competition out there, a lot to choose from lots of 947 01:12:04,520 --> 01:12:08,960 lots of things changing, and we'll be back after this break. We've got 948 01:12:09,039 --> 01:12:12,720 a couple more segments with you, and we appreciate you joining us on this 949 01:12:12,840 --> 01:12:16,439 Sunday morning. Thanks for listening to The Money Metal Show. Say it's only 950 01:12:16,520 --> 01:12:27,199 a name. Good morning everyone, Welcome back to the Money Metals Show. 951 01:12:27,239 --> 01:12:30,479 I'm Dave sure what I'm here with Sebastian Borsini. I'm here with Todd Glick. 952 01:12:30,720 --> 01:12:35,199 The Greenberg boys had to run off, and so we appreciate them stopping 953 01:12:35,239 --> 01:12:40,520 by and doing the first hour with us. Did you notice that Eli Lilly 954 01:12:40,560 --> 01:12:45,239 had six hundred dollars a share back on September fourteenth, Eli Lilly and then 955 01:12:45,279 --> 01:12:47,600 they went on a two week swoon, went from six hundred down to five 956 01:12:47,680 --> 01:12:51,239 eighteen, right back to it, right right back to six hundred, right 957 01:12:51,279 --> 01:12:59,199 back to six hundred. On excitement about Manjaro. That's their injectable weight loss 958 01:12:59,239 --> 01:13:02,760 drug that's going to come with ozempic. And the one thing we talked about 959 01:13:02,840 --> 01:13:09,800 last week is they don't have FDA approval for anything on Monjuro. Is it 960 01:13:09,960 --> 01:13:15,760 Munjaro Monjarro. They don't have FDA approval for anything, but it's it's expected 961 01:13:15,760 --> 01:13:18,680 to be imminent, it's supposed to be all that when it comes to weight 962 01:13:18,760 --> 01:13:24,199 loss. Doctors are still prescribing it those in a trial, and the majority 963 01:13:24,279 --> 01:13:29,600 of my concern with this we talked about last week. This is a once 964 01:13:29,760 --> 01:13:33,079 a month injectable, as is ozempic right or is it once a week? 965 01:13:34,039 --> 01:13:36,680 I don't know. I think it might be a once a week actually once 966 01:13:36,680 --> 01:13:41,760 a week injectable. It's very expensive, and it struck me as I was 967 01:13:42,119 --> 01:13:50,159 reading through the report this past week that the obesity is not primarily amongst wealthy 968 01:13:50,239 --> 01:13:55,159 people. Not that there aren't obese wealthy people, because there are, but 969 01:13:55,279 --> 01:14:00,239 when you talk about people who are struggling with obesity, it's generally because they 970 01:14:00,279 --> 01:14:03,279 don't have the money to have a proper diet. The drug was initially made 971 01:14:03,319 --> 01:14:08,720 for people that were diabetic, exactly, meant for that exactly. This is 972 01:14:08,800 --> 01:14:12,279 kind of another point that I've been thinking about lately, is insurance companies don't 973 01:14:12,319 --> 01:14:15,640 cover this if you are taking it for obesity reasons. Are trying to, 974 01:14:15,159 --> 01:14:19,640 you know, have weight loss effects of this drug. What happens if, 975 01:14:19,960 --> 01:14:27,880 for whatever reason obesit gets I guess classified as a disease at that point, 976 01:14:28,680 --> 01:14:31,439 it's going to break out, right, you know, more and more people 977 01:14:31,479 --> 01:14:35,279 are going to be able to have access to this drug. Insurance covers it. 978 01:14:35,399 --> 01:14:39,119 Okay, cool, it's going to go through the roof, I think 979 01:14:39,199 --> 01:14:41,439 so. Yeah, if you could get insurance coverage on it, it would 980 01:14:41,479 --> 01:14:44,479 make a huge difference. But right now, it's out of pocket, and 981 01:14:44,640 --> 01:14:47,840 unless you're a fairly wealthy individual, you're not going to get ozempic or mon 982 01:14:47,920 --> 01:14:55,119 general And they talk about it. We're seeing a Coca Cola and Pepsi and 983 01:14:56,239 --> 01:15:00,640 companies like that. McDonald's selling off because all of a sudden, everybody's going 984 01:15:00,720 --> 01:15:04,720 to be healthy h and and change their mindset about eating. And I don't 985 01:15:04,760 --> 01:15:09,640 see that happening. But on the other side of that, I've seen something 986 01:15:09,840 --> 01:15:15,279 with like Lulu Lemon and all these athletic stocks of athletic wear stocks. That's 987 01:15:15,600 --> 01:15:18,960 there's bowlcases around these things just because of this drug, which is very interesting 988 01:15:19,000 --> 01:15:23,079 to me, meaning, Okay, I'm gonna lose enough weight now I could 989 01:15:23,119 --> 01:15:26,600 go throw on some Lululemon pants or Lululemon shirts whatever. It is, Okay, 990 01:15:27,319 --> 01:15:30,039 interesting, Yeah, it is interesting. It's it's it's pretty dumb. 991 01:15:30,199 --> 01:15:32,479 I mean, if you ask me. It doesn't seem to make a lot 992 01:15:32,520 --> 01:15:40,920 of sense. It does, I mean someone who shops at Walmart, right, 993 01:15:41,279 --> 01:15:45,119 probably? I mean obesity is predominantly for people. I mean has been 994 01:15:45,319 --> 01:15:53,239 predominantly based on socioeconomic status. Okay, so we know that, like you 995 01:15:53,319 --> 01:15:57,600 said, to the majority of OBEs people are lower class people. They're not 996 01:15:59,279 --> 01:16:05,920 so or The point is those people are going to continue to go to Walmart 997 01:16:06,000 --> 01:16:11,239 for a reason because they don't can't afford anywhere else. Not only that, 998 01:16:11,319 --> 01:16:15,119 but they can't afford ozampi. And last time I checked, Walmart doesn't have 999 01:16:15,199 --> 01:16:19,159 only fat foods. They also have regular foods. So just because they switch 1000 01:16:19,199 --> 01:16:24,119 their you know, from pepsi to you know, celsia, you know, 1001 01:16:24,199 --> 01:16:27,359 whatever the comparison is, they're still spending the money. And in fact, 1002 01:16:28,000 --> 01:16:30,560 well I don't think that people are I don't think about this though. In 1003 01:16:30,680 --> 01:16:34,800 fact, and it's a better product, like an organic is more expensive, 1004 01:16:34,920 --> 01:16:38,840 But I don't think that the reason for this. They're not shifting from you 1005 01:16:38,920 --> 01:16:44,119 know, junk food twinkies thing dongs to apples. It's more of like it's 1006 01:16:44,119 --> 01:16:48,119 an appetite suppressant, so you're eating dramatically less just playing devil's advocate here. 1007 01:16:48,479 --> 01:16:55,439 I mean I again, if you're going on a journey to fix your life, 1008 01:16:55,880 --> 01:16:59,359 you can't stick with those things if you're diabetic, because the reason you're 1009 01:16:59,359 --> 01:17:02,319 a diabetic was because of those things. So you tak you know, is 1010 01:17:02,319 --> 01:17:05,800 that big drug to reduce your appetite doesn't fix the problem because you're still over, 1011 01:17:06,039 --> 01:17:09,960 your cholesterol will still be high, your blood pressure will still be high. 1012 01:17:10,000 --> 01:17:13,520 You have. That doesn't change things, right, So you have to 1013 01:17:13,600 --> 01:17:15,640 change lifestyle eventually, if you're diabetic, you have to change a lifestyle or 1014 01:17:15,680 --> 01:17:19,119 you die. And we've seen we've seen very little of that in this country 1015 01:17:19,439 --> 01:17:24,560 historically, right, Yeah, very little. I think it's time for a 1016 01:17:24,640 --> 01:17:29,039 visit to the ev girars. You go, you know, this is kind 1017 01:17:29,039 --> 01:17:30,479 of this is kind of again. I think they're all kind of interesting because 1018 01:17:30,560 --> 01:17:35,920 and their pro and con. I've said before that I drive a Tesla because 1019 01:17:36,199 --> 01:17:41,319 intellectually is the reason I have it. I want to know more about the 1020 01:17:41,439 --> 01:17:45,960 technology I lack technology. Some things about it are wonderful, some things about 1021 01:17:45,000 --> 01:17:50,199 it not so much. It took eight years to sell the first one million 1022 01:17:50,279 --> 01:17:57,640 electric vehicles eight years. It took nine months to sell the second one million. 1023 01:17:58,359 --> 01:18:00,800 If you don't think this is growing, it's going to take less than 1024 01:18:00,920 --> 01:18:06,640 six months to sell the next one million because starting January first, get this, 1025 01:18:08,279 --> 01:18:12,920 the seventy five hundred dollars rebate is not a rebate anymore. It's a 1026 01:18:13,039 --> 01:18:16,960 refund. You get to check on the spot. In the past, when 1027 01:18:17,000 --> 01:18:19,840 you had that seventy five hundred dollars tax credit, you had to wait tell 1028 01:18:19,840 --> 01:18:24,439 your file to your return. Then you got that back. Now Tessa's going 1029 01:18:24,520 --> 01:18:26,640 to hand it to you, or it's going to hand it to you. 1030 01:18:26,720 --> 01:18:30,479 Here's your check, seventy five hundred bucks. Have a nice day. Not 1031 01:18:30,600 --> 01:18:33,319 a week goes by that I don't get a call or somebody come in the 1032 01:18:33,399 --> 01:18:38,800 office and they're buying an ev for whatever reason. Whether you like I'm doing 1033 01:18:38,880 --> 01:18:42,399 it doesn't matter. It's it's red hot. Right now, I'm going to 1034 01:18:42,439 --> 01:18:45,840 give give our listeners a couple of basic buying tips. Right so, if 1035 01:18:45,840 --> 01:18:48,800 you're thinking about an evy out there a couple of basic things you've got to 1036 01:18:48,920 --> 01:18:53,840 know. Number One, install a home charger before you take delivery. That's 1037 01:18:53,880 --> 01:18:57,800 a must. You can't be dealing with these public charging stations. They're annoying, 1038 01:18:58,239 --> 01:19:03,760 they're slow, install an in home charger before you take delivery. Number 1039 01:19:03,800 --> 01:19:08,920 two. Don't believe the range numbers no matter what they're advertising, don't believe 1040 01:19:08,960 --> 01:19:12,039 them. Cut them by at least a third. If they're saying three hundred 1041 01:19:12,079 --> 01:19:15,359 miles, be thinking two hundred miles. If they're thinking four hundred miles, 1042 01:19:15,399 --> 01:19:17,319 they be thinking three hundred miles. Cut them by at least a third. 1043 01:19:17,800 --> 01:19:21,520 But whatever you do, don't give up range. Tesla has just recently come 1044 01:19:21,560 --> 01:19:27,279 out with a two wheel drive Model Y. Model Y is the fifth hottest 1045 01:19:27,319 --> 01:19:30,880 selling car in the world. The new Tesla Model Why has been out for 1046 01:19:30,920 --> 01:19:34,600 a couple of years, fifth hottest selling car in the entire world, so 1047 01:19:35,479 --> 01:19:39,079 they now have a Model Why. This is a two wheel drive with two 1048 01:19:39,159 --> 01:19:43,159 hundred and sixty miles of range versus three hundred and thirty mile of range for 1049 01:19:43,279 --> 01:19:46,760 the long range four wheel drive. Do not give up range for anything period. 1050 01:19:47,039 --> 01:19:50,880 Guard range with your life. If you're planning on taking the vehicle out 1051 01:19:50,880 --> 01:19:57,039 of town, get a Tesla next year middle of the year some of these. 1052 01:19:57,479 --> 01:20:00,319 I think the Ford Machi is one of the sexiest cars out there, 1053 01:20:00,319 --> 01:20:02,640 and I wish I had it, but it takes forever to get it, 1054 01:20:03,239 --> 01:20:09,039 and UH you can't charge it on a Tesla charging station. Middle of next 1055 01:20:09,119 --> 01:20:13,720 year, you'll be able to UH Tesla, a GM Volvo. The several 1056 01:20:13,760 --> 01:20:17,680 others have inked agreements with Tesla where they're going to have an adapter that will 1057 01:20:17,720 --> 01:20:21,600 allow them to use the public the Tesla public chargers. Until then, if 1058 01:20:21,640 --> 01:20:26,279 you're taking the car out of town, you got to get a Tesla because 1059 01:20:26,319 --> 01:20:30,279 it's too hard to find charging stations for the other things. Last thing, 1060 01:20:30,039 --> 01:20:36,600 consider leasing. The technology is changing so rapidly that you may not even have 1061 01:20:36,800 --> 01:20:42,800 the same battery in three years. It may be a whole different UH system. 1062 01:20:43,479 --> 01:20:46,720 There's just things happening all the time that that you'd like to take advantage 1063 01:20:46,760 --> 01:20:54,439 of that may render your current EV less valuable. So think about leasing. 1064 01:20:54,560 --> 01:20:58,439 Those are those are just some tips. That's my EV garage today, Todd, 1065 01:20:58,960 --> 01:21:01,600 just a few buying tips for the millions of people that are buying evs. 1066 01:21:02,680 --> 01:21:05,880 It's good to know, good to know, you know. Another thing 1067 01:21:05,960 --> 01:21:11,079 that I was just thinking about is that the small cap stocks have just underperformed 1068 01:21:11,159 --> 01:21:14,520 big time, and the Russell two thousand ye today is down two point four 1069 01:21:14,600 --> 01:21:17,960 percent. The S and P's up twelve point seven percent. You know, 1070 01:21:18,119 --> 01:21:20,239 this is something I was just kind of thinking about, and Dave, I 1071 01:21:20,319 --> 01:21:26,000 won't want your help to help me think through it. Do recessions normally come 1072 01:21:26,079 --> 01:21:30,640 after when small stocks or equal weighted S and P has done so bad compared 1073 01:21:30,680 --> 01:21:33,680 to the top seven, They're they're more volatile, so that you would you 1074 01:21:33,720 --> 01:21:38,039 would say, well, they're predicting a recession, right, there are slowdowns 1075 01:21:38,079 --> 01:21:43,000 coming. Uh, junk bonds, high yield bond, same thing, spread 1076 01:21:43,079 --> 01:21:46,000 whitens and we haven't seen that yet. Started a little bit a little bit. 1077 01:21:46,199 --> 01:21:49,319 Yeah, yeah, I probably need to watch that closer because I think 1078 01:21:49,399 --> 01:21:53,560 we are getting to that tipping point here. But yeah, that's that's one 1079 01:21:53,600 --> 01:21:57,920 of those things. You know, we were the sort of small cap stocks 1080 01:21:58,079 --> 01:22:03,479 certainly something that you will find a lot more interest in those when the economy 1081 01:22:03,600 --> 01:22:08,600 is expanding, right, and a lot less interest in them when the economy 1082 01:22:08,680 --> 01:22:13,239 is slowing down. And that would be the vein in which you'd have them 1083 01:22:13,319 --> 01:22:16,119 signaling. Of course. The other thing is an inverted yield curve, you 1084 01:22:16,199 --> 01:22:20,079 know, where short term interest rates are higher than long term interest rates. 1085 01:22:20,479 --> 01:22:26,600 Extremely unusual. We've been on that now for about eighteen months and we have 1086 01:22:26,840 --> 01:22:30,960 not yet seen recession. I don't even see a recession on the horizon. 1087 01:22:30,439 --> 01:22:35,479 I'm seeing a slowing economy, but pretty strong economy overall. The big difference 1088 01:22:35,600 --> 01:22:40,880 is the rising credit card debt. That's kind of the eight hundred pound gorilla 1089 01:22:40,920 --> 01:22:43,359 in the room, if you will. Well, the credit card debt levels 1090 01:22:43,800 --> 01:22:47,399 aren't close to where they were pre pandemic, But the interesting thing is delinquencies 1091 01:22:47,600 --> 01:22:51,479 are increasing at such a higher rate, which tells me that even though debt 1092 01:22:51,560 --> 01:22:56,199 level hasn't increased yet, the rates have increased, and so the payments are 1093 01:22:56,279 --> 01:22:59,800 higher, and so the payments are harder to make. Makes a significant difference. 1094 01:22:59,840 --> 01:23:02,399 No, I don't need to individuals, but to the US government corporations. 1095 01:23:02,479 --> 01:23:05,640 Think about that. If you've got thirty trillion dollars in debt on which 1096 01:23:05,680 --> 01:23:10,560 you are paying one percent, now you've got thirty trillion dollars in debt on 1097 01:23:10,600 --> 01:23:13,800 which you're paying five percent, Especially when the yeah, the bonds rolling off 1098 01:23:13,840 --> 01:23:16,960 the paper are point one two five coupons. Yeah, they're reissuing them at 1099 01:23:17,000 --> 01:23:21,479 five. There's almost no way you can And it makes me very sad to 1100 01:23:21,520 --> 01:23:26,520 say this, but there's almost no way you can have the deficit decline at 1101 01:23:26,560 --> 01:23:29,960 this point, this point, with this gigantic of a deficit, these high 1102 01:23:30,079 --> 01:23:34,680 interest rates, it's just almost impossible to cut spending to the point where you're 1103 01:23:34,720 --> 01:23:39,680 actually going to see the deficit even stabilize. The craziest thing, Dave, 1104 01:23:39,760 --> 01:23:43,399 though, is as long as we all kind of are on the same page, 1105 01:23:43,800 --> 01:23:45,840 it can go to a billion, trillion million, whatever the number next 1106 01:23:45,920 --> 01:23:48,760 is, sectillion, I don't know, it doesn't really matter as long as 1107 01:23:48,800 --> 01:23:53,079 we all agree to the rules in theory. On the other side of the 1108 01:23:53,159 --> 01:23:59,199 ev garage, Exon on Wednesday acquired all of Pioneer Natural Resources, which is 1109 01:23:59,239 --> 01:24:04,159 a big permium oil company, for sixty billion dollars, which is excellon making 1110 01:24:04,239 --> 01:24:08,680 a huge bet on the future of fossil fuel, you know. And if 1111 01:24:08,680 --> 01:24:13,039 you can't drill, we'll go buy somebody you want to grow the company you 1112 01:24:13,119 --> 01:24:18,000 can't drill. You know. What's interesting this is a fact oil production in 1113 01:24:18,079 --> 01:24:20,880 the United States right now is at an all time high. It's never been 1114 01:24:21,000 --> 01:24:26,760 higher than it is right now. So could it be more? It absolutely 1115 01:24:26,840 --> 01:24:29,119 could be more, and should be more, and we should be more self 1116 01:24:29,119 --> 01:24:31,640 sufficient. But a lot of it, a lot of the shortage is because 1117 01:24:31,640 --> 01:24:35,479 we're using it so much, but we've never produced more oil in the United 1118 01:24:35,520 --> 01:24:39,600 States than we are today. And we'll be back right after this break. 1119 01:24:39,640 --> 01:24:47,119 Thanks again for listening to The Money Matter Show. Say it's only a name, 1120 01:24:50,880 --> 01:24:54,399 Welcome back to the Money Matter Show. My name is Todd Glick. 1121 01:24:54,399 --> 01:24:58,239 I'm here with Sebastian Borsini and Dave Sherwood. The Greenberg's had to go and 1122 01:24:58,600 --> 01:25:00,840 try to win a football games, so we're holding down the four here. 1123 01:25:00,920 --> 01:25:04,880 I will say always try to check us out on Sunday nights. Sunday Night 1124 01:25:04,880 --> 01:25:09,199 football is a great thing to watch. You watch one thirty minute segment of 1125 01:25:09,279 --> 01:25:13,880 the news and then we're on ten thirty on KVOA on Sunday nights. And 1126 01:25:14,000 --> 01:25:17,399 then also you can check out all of our TV shows on YouTube any chance 1127 01:25:17,439 --> 01:25:19,880 you get. You go to Greenberg Financial dot com. You have the YouTube 1128 01:25:20,079 --> 01:25:24,479 icon in the top right click that it goes automatically to our YouTube page, 1129 01:25:24,760 --> 01:25:27,760 or you can go to YouTube itself. Type in Greenberg Financial Group you'll find 1130 01:25:27,800 --> 01:25:31,439 our page. We're on all the social media's Facebook, Twitter, LinkedIn Instagram. 1131 01:25:31,680 --> 01:25:35,119 We put post things weekly on there as well. I do my weekly 1132 01:25:35,199 --> 01:25:41,319 market update on Wednesday, and I mean on Fridays, and I mean there's 1133 01:25:41,439 --> 01:25:45,399 Saturday radio shows that we have at six thirty am, twelve and twelve thirty 1134 01:25:45,439 --> 01:25:48,279 on this station, as well as our premiere show on Sunday. So there 1135 01:25:48,399 --> 01:25:53,840 is there's always an opportunity to learn more, be prepared, think you know 1136 01:25:53,920 --> 01:25:56,800 how we're thinking. You can even go to our website and sign up our 1137 01:25:56,840 --> 01:25:59,960 newsletter, right, So, don't miss an opportunity to stay in four. 1138 01:26:00,359 --> 01:26:03,279 And there's something that nobody ever talks about. We are really nice people. 1139 01:26:05,079 --> 01:26:13,000 Friendly, Yeah, accommodating, intelligent, nice human beings. Bet on humanity, 1140 01:26:13,199 --> 01:26:16,439 That's what I'm saying. Say we're long humanity. Long go long humanities. 1141 01:26:17,800 --> 01:26:21,840 Speaking of which, Walgreens is one of the worst performing stocks and it 1142 01:26:23,000 --> 01:26:26,079 is the worst performing stock in the Dow this year. It's one of the 1143 01:26:26,119 --> 01:26:30,119 worst performing stocks in the S and P five hundred, down thirty seven percent. 1144 01:26:30,560 --> 01:26:35,319 They hired last week the former CEO of Express Scripts as their new CEO. 1145 01:26:36,359 --> 01:26:40,399 I think it's a pretty good entry point for him, Todd. I 1146 01:26:40,479 --> 01:26:43,520 don't see how he could do any worse. You know, when you come 1147 01:26:43,600 --> 01:26:46,880 into something like that, it's a train wreck. How can you not do 1148 01:26:47,079 --> 01:26:54,720 better? Yeah? Thursday the Thursday, the company Walgreens, for the first 1149 01:26:54,800 --> 01:27:00,159 time in over ten years, reported a second quarter of disappointing earning, the 1150 01:27:00,199 --> 01:27:04,479 second consecutive quarter of disappointing earnings, and offered we guidance as the mid demand 1151 01:27:04,560 --> 01:27:11,600 for COVID vaccines and COVID test kits continues to decline. That was their revenue 1152 01:27:11,680 --> 01:27:14,520 generator. That was a biggie. Now you think about it. Think about 1153 01:27:14,600 --> 01:27:17,680 not only the COVID vaccines, which they were getting paid whatever fifteen twenty bucks 1154 01:27:17,960 --> 01:27:20,520 for every one of them, and they did tens of thousands of them, 1155 01:27:20,600 --> 01:27:25,920 right, plus the test kiss those who couldn't keep those on the shelf back 1156 01:27:25,960 --> 01:27:30,680 in the day. Not only that, but the number of people walking into 1157 01:27:30,760 --> 01:27:34,199 the store to get those things might pick up a little thing, another one, 1158 01:27:34,279 --> 01:27:38,119 two, three, four or five things. So store traffic was off 1159 01:27:38,199 --> 01:27:43,000 the charts. Well, it's like a morgano. It's and so it's interesting 1160 01:27:43,000 --> 01:27:48,640 because the stock responded pretty well to that news, thinking even though there was 1161 01:27:48,720 --> 01:27:55,960 disappointing earnings, disappointing revenue, we've got a new CEO. The guidance was 1162 01:27:56,039 --> 01:28:00,439 not good because COVID's kind of going away. Even you know, the stock 1163 01:28:00,600 --> 01:28:02,600 rallied because I think people were thinking, well, this may be yet, 1164 01:28:02,680 --> 01:28:04,760 this may be the last of the bad news. I mean, this is 1165 01:28:05,319 --> 01:28:10,760 so bad that that that's pretty much everything is out there. Stock rallies. 1166 01:28:10,920 --> 01:28:15,319 Then on Friday, the Walgreens pharmacy technicians come out and say they're gonna they're 1167 01:28:15,399 --> 01:28:20,239 they're working with the CVS pharmacy technicians to try to put together a nationwide strike 1168 01:28:21,520 --> 01:28:27,399 and back down it went. So what a frustrating, what a frustrating time 1169 01:28:27,479 --> 01:28:31,680 to be a Walgreens investor. And I have a friend who was a pharmacist 1170 01:28:31,760 --> 01:28:35,119 with Walgreens for years and years and he and he has his four oh one 1171 01:28:35,199 --> 01:28:39,439 k pretty much in Walgreen stock because it had been a decent performer, pays 1172 01:28:39,479 --> 01:28:45,560 a nice dividend, and it just more there's another reminder not to put your 1173 01:28:45,600 --> 01:28:47,880 four oh one k in your company stock. No, it just doesn't make 1174 01:28:47,880 --> 01:28:53,079 any sense. Diversification is the name of the game. It is a Boying 1175 01:28:53,199 --> 01:28:58,319 has continues to struggle down three percent on Friday, to the lowest level in 1176 01:28:58,399 --> 01:29:02,479 nearly a year. The company announced the expansion of that inspection for defects in 1177 01:29:02,560 --> 01:29:08,880 the seven thirty seven max. These defects of weight on Boeing's delivery figures. 1178 01:29:09,159 --> 01:29:13,399 Get this, Their delivery figures right now for Boeing are the lowest they've been 1179 01:29:13,479 --> 01:29:17,640 since twenty twenty one. We talked about the S and P five hundred equal 1180 01:29:17,680 --> 01:29:21,479 weighted being the same level it was in February of twenty twenty one. Here 1181 01:29:21,520 --> 01:29:27,199 you've got Boeing. Now their delivery figures are now down to where they were 1182 01:29:27,760 --> 01:29:32,359 in twenty twenty one. I thought that that was amazing. PEPSI down eleven 1183 01:29:32,399 --> 01:29:36,560 percent in the last ninety days. I'm concerns about those weight loss drugs eating 1184 01:29:36,600 --> 01:29:42,119 in the snack food. But the company reported last week revenue and that income 1185 01:29:42,239 --> 01:29:46,479 well above expectations. Get this, They raise guidance. So how is that 1186 01:29:47,319 --> 01:29:51,720 negatively? And we've talked about this. We don't think it's negatively impacting them 1187 01:29:51,880 --> 01:29:59,439 as much as market participants would like to believe. And they're the proof is 1188 01:29:59,520 --> 01:30:04,800 in the number, right, revenue and net income above expectations and raised guidance 1189 01:30:05,319 --> 01:30:09,199 thechins going forward. They think things are going to be good. We talked 1190 01:30:09,319 --> 01:30:13,560 last week about how higher interest rates have made the break even number harder on 1191 01:30:13,760 --> 01:30:18,279 solar for homeowners, sent the solar stocks down thirty five percent to a three 1192 01:30:18,399 --> 01:30:28,439 year low. Record outflows out of this solar ETF they gained five percent. 1193 01:30:28,520 --> 01:30:32,560 On Tuesday, both Deutsche Bank and Bared. Both of those companies upgraded the 1194 01:30:32,600 --> 01:30:38,600 group, saying the selling has just simply been overdone. Apparently solar is not 1195 01:30:38,800 --> 01:30:45,399 going to go away any quicker than junk food. Right, it's actually quiet. 1196 01:30:45,520 --> 01:30:47,560 I can't imagine solar goes away. I mean, at the end of 1197 01:30:47,600 --> 01:30:53,239 the day, people, it's all right on the economic front, but it 1198 01:30:53,319 --> 01:30:56,439 makes people feel good. I think it's like EV's, so it's going to 1199 01:30:56,479 --> 01:31:00,560 be increasingly brought about, and that's the government releases new programs to incentivize it, 1200 01:31:00,600 --> 01:31:02,880 and it will be brought about. I mean, obviously rates are the 1201 01:31:02,920 --> 01:31:05,880 biggest thing at the end of the day. I mean, from an economic 1202 01:31:05,880 --> 01:31:10,640 extent, rates rates are important, but rebates are are are mandatory, and 1203 01:31:10,640 --> 01:31:13,399 if you're gonna get any kind of a new thing going like that, to 1204 01:31:13,600 --> 01:31:15,479 get to be motivated, yeah, you have to you have to do some 1205 01:31:15,920 --> 01:31:19,680 some rebates. The problem, you know, I always problem is that that's 1206 01:31:19,760 --> 01:31:24,880 not capitalism. You know, No, that's true, that's true. It's 1207 01:31:24,920 --> 01:31:29,640 not capitalism in its purest forum for sure. Speaking of a weight loss of 1208 01:31:29,760 --> 01:31:33,840 that. Norvodic Nordic, which is the manufacture of an exempic, hit a 1209 01:31:33,920 --> 01:31:40,119 new all time high on Friday last Friday, citing robust sales duh, and 1210 01:31:40,279 --> 01:31:45,600 projecting sales growth of thirty two to thirty eight percent for the next six months. 1211 01:31:45,439 --> 01:31:49,039 The stock is telling us forty six times forward earnings, which is pretty 1212 01:31:49,079 --> 01:31:55,159 expensive. The average stock about twenty times forward earnings, so forty six times, 1213 01:31:55,560 --> 01:32:00,319 and there's definitely going to be increasing competition. This is without you know, 1214 01:32:00,399 --> 01:32:03,199 they're the makers of ozempic, and this is without Monjournal, which is 1215 01:32:03,239 --> 01:32:10,319 supposedly a way better drug than ozempi. So if Majorn gets approved, what's 1216 01:32:10,359 --> 01:32:15,079 going to happen to ose empic sales? Seems like they're very vulnerable, to 1217 01:32:15,159 --> 01:32:17,720 be honest with you, not even that. But I read something the other 1218 01:32:17,840 --> 01:32:21,640 day that they're cracking down on all these compound pharmacies. That's just go in 1219 01:32:21,760 --> 01:32:26,359 and change it by one ingredients in order to sell it, right. I 1220 01:32:26,439 --> 01:32:30,039 think that once you do crack down on something like that, obviously it leads 1221 01:32:30,079 --> 01:32:32,520 to more revenue for yourself. As Novo or Weee Lily or Eli Lilly, 1222 01:32:32,720 --> 01:32:35,800 part of me I mean, they can't make ozempic fast enough right now. 1223 01:32:35,800 --> 01:32:39,359 And it's approved just for diabetes. It not approved or weight loss. No, 1224 01:32:39,399 --> 01:32:43,000 it's not. The doctors prescribe for weight loss over all over the place. 1225 01:32:43,079 --> 01:32:44,560 Right. You could pay out a pocket for it. Yeah, and 1226 01:32:44,600 --> 01:32:46,319 you're paying out of pocket, and it's expensive. It's expensive. I don't 1227 01:32:46,319 --> 01:32:50,479 know if it's a thousand dollars a shot or what it did. We have 1228 01:32:50,560 --> 01:32:54,239 a few clients that happen that was one of the alternatives. You know, 1229 01:32:54,319 --> 01:32:57,039 it's too expensive to get it from these producers, so I'm going to go 1230 01:32:57,039 --> 01:32:59,840 to this compound pharmacy that's going to sell to me for thirty percent cheaper. 1231 01:33:00,199 --> 01:33:02,119 Okay. Yeah, you're trying to get it, trying to get a deal, 1232 01:33:02,359 --> 01:33:04,640 right, and not sure you're getting the real deal. Yeah, and 1233 01:33:04,680 --> 01:33:08,119 you're not really sure what you're getting, Yeah, especially when there's patents of 1234 01:33:08,159 --> 01:33:11,359 alves, so you know that's not the same compound. No, No, 1235 01:33:11,640 --> 01:33:14,039 you want to know a fun fact. I was looking at a map of 1236 01:33:14,439 --> 01:33:16,800 looking at a map of Iran, to be honest with you, and I 1237 01:33:16,920 --> 01:33:20,079 saw Ukraine and I thought, I wonder how big Ukraine is, because you 1238 01:33:20,119 --> 01:33:24,319 know, you think about Russia is working along the eastern border there, and 1239 01:33:24,359 --> 01:33:27,079 how long would it take him to get across. You know, Ukraine is 1240 01:33:27,640 --> 01:33:30,600 only ninety percent the size of Texas. Wow, I didn't know that. 1241 01:33:30,960 --> 01:33:34,359 I thought it was much bigger than that. Ninety percent the size of Texas 1242 01:33:34,439 --> 01:33:39,560 and has fifty percent more people. It's crazy perspective. Yeah. Yeah, 1243 01:33:39,800 --> 01:33:43,720 so it's like Russia is trying to take over Texas, Texas. I'm looking 1244 01:33:43,720 --> 01:33:46,439 at this chart here it says General Electric is the top four stock since the 1245 01:33:46,520 --> 01:33:50,880 bottom on top performers top a top performing stock. Isn't that something to look 1246 01:33:50,880 --> 01:33:55,199 at? I mean, we talked about GE. I mean this is you 1247 01:33:55,239 --> 01:33:58,399 wouldn't think that'd be a top four performing I mean, obviously in the video 1248 01:33:58,479 --> 01:34:01,840 is WON and Metas too, but FICO and GE three and four, that's 1249 01:34:02,079 --> 01:34:05,079 that is interesting. I wouldn't have got that. No, No, and 1250 01:34:05,159 --> 01:34:11,760 I the United Healthcare speaking of of GE, because they've got to GE Healthcare 1251 01:34:11,840 --> 01:34:15,159 and then the United Healthcare. It's the most expensive Dow stock, unchanged on 1252 01:34:15,239 --> 01:34:19,600 the year, but gained four percent on Friday. It led what little strength 1253 01:34:19,640 --> 01:34:24,239 there was in the Dow on Friday after reporting revenue and that income for the 1254 01:34:24,279 --> 01:34:28,119 most recent quarter above expectations. You know what, one thing for sure, 1255 01:34:28,479 --> 01:34:31,039 Flow knows right. So when you think of Flow, what do you think 1256 01:34:31,079 --> 01:34:36,399 of Progressive? Of course, new all time high on Friday for Flow, 1257 01:34:38,560 --> 01:34:43,680 New all time high for Progressive on Friday, after reporting a second consecutive month 1258 01:34:43,720 --> 01:34:47,520 of record net premiums. That girl is saling some insurance. Well, I'll 1259 01:34:47,520 --> 01:34:51,000 tell you what. They probably got the best commercials on TV. They're pretty 1260 01:34:51,039 --> 01:34:54,960 pretty darn funny. I mean they're pretty good. Uh like the state farm 1261 01:34:55,039 --> 01:34:59,119 ones that's good. Yeah, No, those are good. Those are good. 1262 01:34:59,279 --> 01:35:00,800 The auto one it's terrible, but there's a couple of good ones. 1263 01:35:00,920 --> 01:35:04,600 I kind of liked the motto. I thought that was hug Anyway, FTX 1264 01:35:04,680 --> 01:35:10,359 trial that was this week, and man, those stories out of that trial 1265 01:35:10,520 --> 01:35:13,680 is something else. You have you heard any of them? No? Well 1266 01:35:13,800 --> 01:35:18,560 yeah, yeah, Well apparently the devil made me do it. That's what 1267 01:35:18,720 --> 01:35:21,439 your girlfriends that. Yeah, I guess the devil made me do it. 1268 01:35:21,520 --> 01:35:27,399 Yeah. Apparently these people running billions of dollars didn't know the difference between solvency 1269 01:35:27,479 --> 01:35:30,319 and liquidity. Gee. Not only that, apparently they were all in the 1270 01:35:30,479 --> 01:35:38,520 same condo and they were in this poly something relationship apparently they were in nine 1271 01:35:38,560 --> 01:35:41,319 people. We're in more relationship. I don't know if that works, Dave, 1272 01:35:41,680 --> 01:35:45,800 but they were all just doing things with one another. They were running 1273 01:35:45,840 --> 01:35:46,800 this company. I mean, the stories out of it. I mean, 1274 01:35:47,159 --> 01:35:51,239 there's gonna be a really fun movie coming out about this trial. Yeah, 1275 01:35:51,319 --> 01:35:55,840 in this this whole situation in the years to come, there are a lot 1276 01:35:55,880 --> 01:35:57,920 of characters. Okay, we're coming down to the end of the show, 1277 01:35:57,960 --> 01:36:00,720 and we'd like to remind you again if you'd like to have a financial plan, 1278 01:36:00,880 --> 01:36:03,199 free financial plan, we are offering that. Just give us a call, 1279 01:36:03,279 --> 01:36:08,079 well, set a time you come in. It's no obligation. We'll 1280 01:36:08,119 --> 01:36:12,119 produce a financial plan for you which will give you a peace of mind. 1281 01:36:12,479 --> 01:36:15,920 The one thing that I've said before, everybody that walks out of that meeting 1282 01:36:15,960 --> 01:36:18,039 with you, guys who walks out of there with a smile, not necessarily 1283 01:36:18,119 --> 01:36:21,399 because they're wealthy, but because they're comfortable that they now have a plan. 1284 01:36:21,560 --> 01:36:26,560 They know where they're at. And we say at Greenberg Financial, it's important 1285 01:36:26,600 --> 01:36:31,439 to be happy. Probably the most important thing is to be healthy. But 1286 01:36:31,520 --> 01:36:36,600 a Greenberg Financial, what we're trying to do is be profitable. Next week