June 15, 2025

Markets, Missiles & the Money Moves You Need to Know

Markets, Missiles & the Money Moves You Need to Know
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Markets, Missiles & the Money Moves You Need to Know
Markets, Missiles & the Money Moves You Need to Know
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In this week’s episode of Money Matters, brought to you by Greenberg Financial Group, we break down a dramatic week in the markets—where geopolitical tensions collided with economic optimism.
The biggest headline? A major escalation in the Middle East, as Israel launched targeted strikes on Iran’s nuclear facilities, taking out senior military leaders. The result: oil prices spiked, risk assets pulled back, and safe havens like gold and Treasuries saw a surge. Investors are now on edge heading into the weekend.
Earlier in the week, markets were buoyed by encouraging inflation data and renewed cooperation between the U.S. and China, pushing stocks back near all-time highs—until Friday’s events reversed that momentum. We walk you through the full picture.
In this episode:

  • Market reaction to the Israel-Iran conflict and what it could mean for energy, defense, and safe-haven assets
  • Key company earnings and which names are most vulnerable to global instability
  • A clear, simple explainer on Bitcoin and stablecoins — what they are, how they work, and whether they deserve a place in your portfolio
  • A breakdown of Project Stargate — a massive AI data center buildout in Texas — and the infrastructure plays investors should be watching
If you’re looking to understand what just happened, what’s likely to happen next, and how to position smartly through it all — this episode delivers.
If you would like to contact us to learn more about our firm and our process call us at 520.544.4909 or go to our website at www.Greenbergfinancial.com or email us at Contact@Greenbergfinancial.com
WEBVTT

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Good morning, Welcome to the Money Matter Show. This is

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Dave Surewood. I'm here with Todd click Junior. I'm here

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with Dylan Greenberg. I'm here with Sebastian Borsini. Dean is

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out of the office. It's June fifteenth, it's Father's Day.

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This is the Father's Day edition of The Money Matter Show.

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And since I'm the only one in the studio with

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a that's a father, I expect some respect during the show.

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Oh absolutely, We'll let you do your weather station without

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any there.

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You start with this respect right there. Happy, wait for

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the girls you got.

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I learned so much.

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You guys are so special. I am responsible for a

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lot of EV sales around town. I can tell you

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that right now.

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But no, like you know, like one of the Father's

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Day traditions, Well no, I guess not Father's Day, Trisian,

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but Tristan a father and like a son or a

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daughter that teach you how to make cars. You don't

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have to do that with your tesla. I mean, everything's

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just it's there, it's done.

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You're talking about change oil and happy to help you

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make cars? Are you talking about work work?

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I should have said maintain cars. What I should have said, right, okay,

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you know what I mean.

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Way, Happy Father's Day to everybody out there. You know

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the headlines this week where there was a plethora we

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were talking about the Wildcats getting into the World Series, which.

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Was yeah, the u c l A.

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Bruins did too.

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For the nineteenth were.

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Two sunners on who cares about the UCLA?

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Don't care about them? We got.

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That's like, yeah, something to do with the West, the u.

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C l A bear down.

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Either's u c l A DoD That's what there's anybody

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right right right? So you had you had that the wildcast,

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go Cats, uh trade deal, attentative trade deal with China,

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and then it all went in the toilet on Friday

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because on Thursday evening there's a.

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Lot to unpack this week. It's kind of where do

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you want to start. Do you want to start at

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the beginning of the week or do you start with

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what everyone's thinking about and then work backwards.

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Yeah, you know, if if you go through the first

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four days of the week, the market is moving towards

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all time highs. Economy strong M and A and mergers

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and acquisitions I p O S strong reading, lower cp

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I on an lowre.

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PPI higher consumer sentiment.

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Excellent consumer centem off the charge. Yeah, but you know

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it all got thrown in the in the dumpster on

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a Thursday afternoon when I went on Israel said, Okay,

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for twenty years we've been trying to figure out how

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to stop Iran's nuclear program. I think we figured out

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a way and did it the Israeally way, and that's

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that's added a whole new level of uncertainty to the market. Yeah,

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how long it goes on? Right?

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Well, and we're recording this Friday afternoon, so all we

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know is what happened Thursday night and Friday morning with

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the first retaliation. I'm sure by now when this there's

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live Sunday morning, there's gonna be more stuff that goes

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on Saturday Friday night. So it's all just gonna be unraveled,

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and it's gonna be a lot of uncertainty. And I

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mean that's a big reason I think the market's dropped

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off on Friday too, because they just people don't want

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to hold securities over the weekend exactly. They'll say the

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uncertainty screwt. I'm just gonna raise cash, wait for Monday

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and go from there because you don't know what's gonna

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happen over the weekend.

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I fight the big sell off on Friday. The SMP

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finished the week down four ten so to one percent,

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still only two point eight percent off of the all

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time high, twenty three percent off of that alt we

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hit with the Trump taroffs when they started, so it

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really wasn't We took about an eight hundred point drop

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on Friday, the Dow did about a little over a percent.

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Market a side. I mean Friday afternoon, we were watching CNBC.

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They had tele Aviva on there, and it's watching those

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missiles get you know, flown toward the city. Was just unnerving.

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It was horrible.

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It's not a good situation.

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But like Dave says, it's been twenty years worth of

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it of Ron talking about just dismantling Israel. Israel had

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enough of it. They got intel that there was they

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were enriching Urani into weapons grade. They had roughly nine

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nukes and according to their intelligence, and Israel decided to

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take care of themselves as a preempty measure. But that

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also at the same time I ran and the US

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were supposed to have talks on this coming Sunday today,

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and I ran canceled that on Friday, so who knows

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what's going on the rest of the weekend after this recording.

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Obviously heard this story before. You ever remember the weapons

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of mass destruction, and that's that's the only caveat you

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could throw in there, right, are they Is the intelligence

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actually being correct right, because they're saying that they're super close.

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But we also know that Nett not whose whole regime

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got elected. They passed the vote for this week, so

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they obviously at that time had the political strength to

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be able to do these attacks. They wouldn't have done

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it last week. They did it specifically this week.

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There's also been I mean with the enrichment. Iran has

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been doing it more and more ever since twenty eighteenhen

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the US got out of that deal, and when we

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were trying to get back in, we say stop funding

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terrorist groups. They didn't want to in a sense, so

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the deal with it died. And then from there they've

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been enriching uranium more and more throughout the years, and

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they were getting the sixty percent even ninety percent for

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this isn't like out of nowhere that they got to

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this level well.

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And they had been for a long time trying to

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do this Iran, and in twenty ten the US and

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Israeli intelligence used a project called Stuck's Net and actually

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pretty much blew up their center futures that were enriching

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this uranium and set them back almost a decade. Well

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that decade is now here, right, So it's certainly there

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has been other ways to prevent them from getting to

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where they want to go. This seems like Israel's opinion,

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it's the only option at this time. Seems like US

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might have had a couple other options up their sleeve,

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but at this time we are in where we are

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at now. Maybe they just got Iran has said they

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are going to retaliate and they're not going to have

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any talks with the US on Sunday like they had

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planned originally.

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Yeah, And I mean.

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It's also like it's just unfortunate that this situation has

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risen to this level because Israel just gets tired of it,

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probably after twenty years of saying of this country and

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this government just talking about wanting to wipe them off

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the face of the earth.

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No funding, Hans bluff funding Hamas, yeah.

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Yeah, and then through Gaza and then playing the good guy,

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this government is not a good government. They're not looking

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out for their people in the country. They just want

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to do whatever they want. They want to just take

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power over everything, wipe Israel off, and move on. In Israel,

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it's a strong country and they're very proud of their country,

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and they're going to take care of it well.

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And I think also that who's seeing a window of

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opportunity here. You have a US president who's going to

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back Israel. You have an Iranian or Iranian Iranian regime

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that's very weak, a lot of internal unrest in Iran.

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They have spent fifty percent of all the missiles they

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have shooting at Israel, accomplishing absolutely nothing. It would not

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surprise me that they maybe have three or four days

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of this and they're done. They're out. They're no match

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for Israel at all, and Israel knows that, and so

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this is an opportunity for Israel to go in and

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do it. If it stays like this, Israel and Iran,

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a war between Israel and Iran. I think it ends

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pretty quick. But the biggest negative is if if it expands,

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if Iran were to try to shoot at US bases

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or US ships, then the US gets involved. Then it

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gets really ugly. But it seems to me like the

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writing is on the wall for Iran. They just can't.

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They're not in a position to. It's like me wanting

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to beat up Dylan. That's just not gonna happen, you know.

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I mean, he's an offensive lineman and I'm a lightweight wrestler.

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You know, it's not gonna. It's just not gonna happen.

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And Iran is not in any position to fight a

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war with Israel. Other countries getting involved, China, Russia. Russia

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already reached out to both Iran and Israel and said

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that they would brokerr a peace agreement. Yeah I trust that, Yeah, yeah, Yeah,

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let's let Russia, who's been in bed with Iran, work

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on a piece deal for us. I don't think.

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So.

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It is interesting that if you think about the Russia Ukraine,

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like we're mad at Russia for defending themselves, it seems

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seems like a very similar way that Israel is to

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ending themselves. I mean, Russia got word that native troops

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were going on the border Ukraine, and that's why they

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decided to actually put up some defenses and not allow

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that to happen. So It's very interesting to me that

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you have on one side one set of opinions, and

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then when you flip to the other side of the world,

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it flips.

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I don't think there's any comparison between the two personally.

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Russia attacked an innocent country who did absolutely nothing to

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them for no reason other than Putin wanted to put

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Russia back together again before he dies, and he's in

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his seventies, so we'll be going to hurry up.

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Yeah, I disagree with that's how it went down.

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How'd that work out? You know that there's no reason

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for it. There was absolutely no reason for Putin to

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attack Ukraine. But then that's a whole nother story. But

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Iran enriching nuclear excuse me, working on nuclear weapons that

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could be used against Israel. That's a problem.

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Why we've heard that story before though, I mean, we've

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had the Pale guy say that back in two thousand

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and one that there was that in the turn out

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to be not the case. But that's also the other

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thing is that, like you said, it might just be

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an opportunistic window. They say that they have enrichment, they

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have the backing, they have everything they need to be

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able to do these strikes. Now we're in this situation.

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As we stay here on a Friday afternoon, it seems

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like a pretty good window of opportunity. They've they killed

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nine of the top ten Iranian officials that are involved

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in the nuclear program, a couple of the heads of

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their military. I mean they pretty much they're at the

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head of the sname.

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There were reports that they were moving in missiles months ago.

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I think they call Masad, which is Israel's yep CIA,

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pretty much. And yeah, they had this plan for sure,

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and they were perfect on execution, on getting the right scientists,

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the right generals. That's why the retaliation took so long.

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They've known from the past that they need to take

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out the people who are going to call the retaliation

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ballistics strikes, so it takes a while for them to

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figure out who's going to be the next up in line.

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They actually called them out.

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It's just interesting. For twenty years the world's been trying

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to figure out a way to get Iran to stop

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up making nuclear weapons. In Israel said, I think we've

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found a way.

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By the way, my worries is about this progressing into

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other country involvements.

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So I said, you have six Spans if they attack

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a US base, if Yemen gets involved. But when you

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look at what Israel has done to Hamas and what

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Israel had done to Hesbelah and now what they're doing

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to Iran, do you really want to poke the bear?

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I mean if you're Yemen or one of the anyway.

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This is a stock market show, so let's talk about

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the stock market.

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Well, I mean, it's all affecting it. I mean we

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know that Hesbela they already reported they're not going to

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00:10:32.480 --> 00:10:35.960
get involved with the Israel Iran thing because they're so

231
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weakened and bad. So is that another opportunistic thing? Right?

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They've taken care of Hesbela. Now you go to the

233
00:10:42.080 --> 00:10:43.240
next side that you need to take.

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00:10:43.279 --> 00:10:45.440
Think the market hats more than anything is uncertainty, and

235
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we've got it in spage right now. And like you say, Dylan,

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00:10:48.279 --> 00:10:50.039
on Friday afternoon, you're not going to get a lot

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of buyers ahead of a weekend because you just don't

238
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know how this is going to play out. This is

239
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brand new on Friday, and so Saturday Sunday, what's going

240
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to happen? As you need to this radio show, there's

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been a lot more missiles fly in both ways, and

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the best scenario is far. I ran to say, okay,

243
00:11:05.360 --> 00:11:09.279
let's talk. That's the best scenario, But I don't know how.

244
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You've got to get down the road of ways. I

245
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think before that can happen, because you have so much hatred.

246
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And you know, earlier in the week we got the

247
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CPI inflation report and it came in lowered and expected.

248
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But it's just very good place right now where the

249
00:11:20.720 --> 00:11:24.159
inflation is to be able to continue. How the economy

250
00:11:24.200 --> 00:11:27.120
is potentially against the rate cuts, right, I think problem

251
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is now with higher oil. Eventually we're gonna see that

252
00:11:30.399 --> 00:11:31.960
show up in the CPI and you might get a

253
00:11:32.000 --> 00:11:33.639
little bit of an uptick there.

254
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Because they the one area that maybe in the biggest

255
00:11:37.440 --> 00:11:41.080
component of the CPI is shelter, real estate and housing,

256
00:11:41.440 --> 00:11:44.919
and my buddy from who's one of the top real

257
00:11:45.039 --> 00:11:47.639
estate agents here in town, said it's like blood in

258
00:11:47.639 --> 00:11:50.720
the streets. He said, it is so bad. The listings

259
00:11:50.720 --> 00:11:52.759
are up fifty five percent. He said, there just aren't

260
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any buyers for a number of reasons, the news backdrop

261
00:11:56.840 --> 00:11:59.799
being one of them. This certainly doesn't help, you know,

262
00:11:59.840 --> 00:12:04.720
the Israeli an attack certainly doesn't help calm nerves out there.

263
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If that's part of the problem, the high interest rates,

264
00:12:08.240 --> 00:12:14.159
the slowing of people moving here, that whole deluge we

265
00:12:14.200 --> 00:12:17.519
had the from COVID has slowed down, so it's quieted down.

266
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And he literally said blood in the streets. He said,

267
00:12:20.320 --> 00:12:21.440
that's how bad it is.

268
00:12:21.600 --> 00:12:23.440
Not to mention it's hot. Did you guys see the

269
00:12:23.480 --> 00:12:24.159
VIX this week?

270
00:12:24.519 --> 00:12:26.600
Yeah, I'm talking about that. It took up a little bit,

271
00:12:26.639 --> 00:12:28.600
no big deal, And I was surprised at that.

272
00:12:28.720 --> 00:12:32.200
I was mostly on Friday, And yeah, I was down

273
00:12:32.279 --> 00:12:32.919
sixteen on.

274
00:12:33.320 --> 00:12:35.360
Friday to the rates like ten year and thirty are

275
00:12:35.399 --> 00:12:38.039
both jumped up about two percent as well in response.

276
00:12:37.679 --> 00:12:37.960
To all this.

277
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So I mean VIX was up fifteen percent on Friday.

278
00:12:40.399 --> 00:12:41.399
That's not a small move.

279
00:12:42.600 --> 00:12:48.120
Yeah. Well the first Yeah, if you look at it

280
00:12:48.159 --> 00:12:50.480
in terms of what you expected. When I'm sitting there

281
00:12:50.519 --> 00:12:53.440
on Thursday evening watching the news backdrop, thinking what's going

282
00:12:53.480 --> 00:12:56.240
to happen to the market tomorrow, I was thinking down

283
00:12:56.559 --> 00:12:59.919
at least a thousand, maybe fifteen hundred. I thought that

284
00:13:00.080 --> 00:13:03.799
VIX might double that kind of fear. But what the

285
00:13:03.879 --> 00:13:06.919
VIX tells you is, and it's a very volatile index.

286
00:13:07.000 --> 00:13:09.039
What it tells you is there isn't a lot of

287
00:13:09.080 --> 00:13:12.639
fear because as we sit here on a Friday afternoon,

288
00:13:13.399 --> 00:13:19.080
it doesn't look like it's going to be a big problem.

289
00:13:19.440 --> 00:13:22.679
It looks like Israel has things under control. They can

290
00:13:22.720 --> 00:13:23.919
do pretty much whatever they want.

291
00:13:24.840 --> 00:13:27.960
And along that line, we have a lot of Iranians

292
00:13:28.159 --> 00:13:31.080
money is still frozen up right, so the ability for

293
00:13:31.120 --> 00:13:35.120
them to continue funding along prolonged war is probably abysmal.

294
00:13:35.200 --> 00:13:38.559
So there is a lot of going, like a lot

295
00:13:38.559 --> 00:13:40.279
of leverage on Israel's in the US side.

296
00:13:40.399 --> 00:13:42.440
Yeah, the economy's in the toilet, the currency is in

297
00:13:42.440 --> 00:13:44.759
the toilet. They're running out of they're running out of

298
00:13:44.919 --> 00:13:47.840
ballistic missiles, which is the only missile that can reach Israel,

299
00:13:48.600 --> 00:13:52.480
and they've got unrest. Otherwise everything's fine, you know. So,

300
00:13:52.639 --> 00:13:55.080
I mean it's really a bleak period if you are

301
00:13:55.080 --> 00:13:55.679
in Iatola.

302
00:13:55.759 --> 00:13:57.159
I mean, I think we also saw that with oil.

303
00:13:57.200 --> 00:14:00.440
I mean, if you saw oils trading over on Thursday night,

304
00:14:00.519 --> 00:14:03.320
it skyrocketed and it actually gave up a lot of

305
00:14:03.320 --> 00:14:06.720
those gains. It still was up significantly, but it gave

306
00:14:06.799 --> 00:14:08.440
up a lot of it. Because I think the original

307
00:14:08.480 --> 00:14:11.320
fear when the headline first came out was subdued over

308
00:14:11.519 --> 00:14:13.840
a couple hours when they realized, as we're saying now,

309
00:14:14.240 --> 00:14:17.440
I ran just fundamentally doesn't make sense for them to

310
00:14:17.480 --> 00:14:19.200
try to win this war because they're not going to

311
00:14:19.840 --> 00:14:22.600
and so why would you put yourself in even worse situation?

312
00:14:23.120 --> 00:14:27.919
And Israel said specifically they're not targeting Iran's oil infrastructure,

313
00:14:28.399 --> 00:14:30.279
so that that was one of the big fears too.

314
00:14:30.559 --> 00:14:32.320
Although I don't know how much of the world's oil

315
00:14:32.320 --> 00:14:34.000
output is Iran is probably I.

316
00:14:33.919 --> 00:14:38.480
Did see reports that after Iran retaliated back then, Israel

317
00:14:38.600 --> 00:14:42.039
then said that they would go after the oil they ran.

318
00:14:42.120 --> 00:14:44.480
So again, that's just the nature of what we're in

319
00:14:44.559 --> 00:14:47.440
right now. I mean, the developments can happen any hour.

320
00:14:47.480 --> 00:14:48.080
At this point.

321
00:14:48.120 --> 00:14:50.679
Were the big buyers of Iranian oil.

322
00:14:50.480 --> 00:14:52.879
Well as far as I'm aware. Right now, it's like

323
00:14:53.039 --> 00:14:56.120
Russian in China is huge, So you're messing with China. Really,

324
00:14:56.120 --> 00:14:58.559
you're messing with China's oil supply if if if they're

325
00:14:58.559 --> 00:14:59.720
bombing that, so that could be an.

326
00:14:59.679 --> 00:15:02.200
Issue, like we're talking about before the show started, was

327
00:15:02.519 --> 00:15:04.440
messed with the China oil supply. If the US gets

328
00:15:04.480 --> 00:15:07.399
involved in this at all, then they're thinking, Okay, China's

329
00:15:07.440 --> 00:15:09.200
trying to We're trying to make the trade deal with China.

330
00:15:09.360 --> 00:15:10.759
Then all of a sudden, if we get involved in

331
00:15:10.919 --> 00:15:14.799
iranium war going on that's about to do all this

332
00:15:15.519 --> 00:15:17.399
oil messages with their oil, then it messages with our

333
00:15:17.399 --> 00:15:18.200
trade deal with China.

334
00:15:18.320 --> 00:15:20.519
Kid. So it's something that we don't really want to

335
00:15:20.519 --> 00:15:20.960
get into.

336
00:15:21.240 --> 00:15:23.679
And I think that level of uncertainty is what caused

337
00:15:23.679 --> 00:15:26.279
the weakness on Friday. And understandably, I thought that the

338
00:15:26.320 --> 00:15:29.320
market actually performed better than I expected. Yeah, I thought

339
00:15:29.320 --> 00:15:32.000
it'd be down on thousand to fifteen hundred, was down.

340
00:15:32.039 --> 00:15:32.320
It may.

341
00:15:33.759 --> 00:15:35.559
Yeah, at the end of the day, down seven hundred

342
00:15:35.559 --> 00:15:38.399
that the SMP was down about a little over a percent.

343
00:15:38.639 --> 00:15:40.679
It made a little comeback during the middle of the day.

344
00:15:40.720 --> 00:15:43.120
It was down aboutero point three percent. Yeah, so there

345
00:15:43.159 --> 00:15:45.080
were buyers and there were good companies. I mean one

346
00:15:45.240 --> 00:15:48.679
was FSLR was up about eight percent. Oracle just had

347
00:15:48.720 --> 00:15:50.919
such great earnings on Thursday that it didn't even matter.

348
00:15:51.639 --> 00:15:55.600
Or on Friday was up another eight percent. The Darling

349
00:15:56.120 --> 00:15:59.720
Ipo Circle was up about twenty percent. Yeah, so you're

350
00:15:59.720 --> 00:16:02.679
out of few stocks that were up just for whatever reason.

351
00:16:02.759 --> 00:16:06.159
But the good news on the on the on the

352
00:16:06.159 --> 00:16:10.679
the good news for Tucson on the Israeli strikes, raytheon

353
00:16:10.759 --> 00:16:13.600
hit a new all time high, and understandably and obviously

354
00:16:13.600 --> 00:16:16.279
they're going to have to replace a lot of Patriot missiles.

355
00:16:16.320 --> 00:16:18.559
That was up ten percent in the postmarket on Thursday,

356
00:16:18.559 --> 00:16:19.679
but I don't know what it finished up.

357
00:16:20.519 --> 00:16:23.080
I saw it up about four about four percent. Gold

358
00:16:23.559 --> 00:16:26.799
gold jumped, which is understandable anytime there's on rescue your

359
00:16:26.840 --> 00:16:30.840
gold up. Defense stocks as a whole jumped. Losers were

360
00:16:30.879 --> 00:16:34.639
the travel related in the companies all uh and then

361
00:16:34.720 --> 00:16:38.320
already skiddish real estate markets of your hotels, the cruise lines,

362
00:16:38.360 --> 00:16:40.320
the airlines all sold off.

363
00:16:40.519 --> 00:16:43.320
I saw that VISASOK a huge hit on Friday because

364
00:16:43.399 --> 00:16:45.279
the visa visa.

365
00:16:45.440 --> 00:16:45.960
They saw that.

366
00:16:46.120 --> 00:16:47.679
Yeah, and the reason for it was because there's a

367
00:16:47.679 --> 00:16:50.039
report saying that Amazon and Walmarts are going to start

368
00:16:51.240 --> 00:16:55.120
trying to issue a stable coin that way you could buy.

369
00:16:55.799 --> 00:16:57.600
All right, we're gonna explain with stable coins.

370
00:16:57.639 --> 00:16:58.879
Yeah, here's Todd.

371
00:16:59.279 --> 00:17:02.080
We're gonna time. I did a good job of putting together.

372
00:17:02.639 --> 00:17:04.240
You want to do it, well, No, we.

373
00:17:04.119 --> 00:17:08.000
We'll explain stable coins first. Bitcoins different, but stable coins

374
00:17:08.079 --> 00:17:10.000
are really just a digital doll.

375
00:17:10.000 --> 00:17:11.960
Explain it with the sense of the circle of what's that.

376
00:17:12.359 --> 00:17:14.359
I mean, we'll circle like what Dylan was referring to.

377
00:17:14.440 --> 00:17:16.839
It was up twenty percent on Friday. It's a recent

378
00:17:16.920 --> 00:17:21.400
IPO that came out, and Circle is the people behind USDC.

379
00:17:21.680 --> 00:17:25.519
It's just a cryptocurrency. It's truly as a cryptocurrency. But

380
00:17:25.559 --> 00:17:27.680
this cryptocurrency is not meant to go to a million

381
00:17:27.720 --> 00:17:30.079
dollars or whatever you want to put a price target on.

382
00:17:30.359 --> 00:17:33.039
It's meant to stay at one dollar and it's going

383
00:17:33.119 --> 00:17:35.440
to be exchanged for always one dollar. And they do

384
00:17:35.519 --> 00:17:39.000
this by when you exchange them, say one thousand dollars,

385
00:17:39.039 --> 00:17:42.200
they issue one thousand USDC. They take that thousand dollars,

386
00:17:42.240 --> 00:17:44.480
they buy treasuries with it. The way they make money

387
00:17:44.519 --> 00:17:47.400
is on the treasury yield, right, So if they're buying

388
00:17:47.720 --> 00:17:50.240
three month treasure yields, if they keep rolling that, they're

389
00:17:50.240 --> 00:17:52.319
going to make it right now around four percent. You're

390
00:17:52.359 --> 00:17:54.599
not getting that four percent, you're getting the access to

391
00:17:54.640 --> 00:17:57.559
the digital dollar. Why is this valuable? Well, anyone in

392
00:17:57.559 --> 00:17:59.920
the United States, it's not right. We all have US

393
00:18:00.000 --> 00:18:02.839
bank counts. Everything we own is denominating US dollars, getting

394
00:18:02.920 --> 00:18:04.920
US cash is very easy for US. We don't have

395
00:18:05.000 --> 00:18:07.599
a use for this really, but the idea for other

396
00:18:07.680 --> 00:18:10.079
countries and people who don't have US banks and can't

397
00:18:10.079 --> 00:18:13.119
get access to US dollars, the digital currency of the

398
00:18:13.160 --> 00:18:16.119
dollars the best way to hoard your money right compared

399
00:18:16.119 --> 00:18:18.160
to almost any other currency on the face of the earth,

400
00:18:18.759 --> 00:18:21.440
especially some of the really bad FIAT currencies. So this

401
00:18:21.599 --> 00:18:25.000
is a way for those people to access pretty much

402
00:18:25.160 --> 00:18:30.440
the whole investment world through digital dollars. Furthermore, now, the

403
00:18:30.519 --> 00:18:34.480
reason Amazon and Walmart are looking for this is because

404
00:18:34.839 --> 00:18:37.359
every time we're making a transaction with our Visa cards,

405
00:18:37.400 --> 00:18:40.880
they have to pass a percentage to Visa for that

406
00:18:41.680 --> 00:18:44.480
facilitation of the purchase. If they can issue their own

407
00:18:44.480 --> 00:18:47.640
stable coin at that point, they can get around that completely.

408
00:18:47.880 --> 00:18:50.880
And if you have your digital wallet filled with stable coins,

409
00:18:51.200 --> 00:18:53.000
then all of a sudden they can get the true

410
00:18:53.000 --> 00:18:55.720
one hundred percent price that you're supposed to be given them,

411
00:18:55.759 --> 00:18:57.839
not ninety eight or ninety nine whatever deal they have

412
00:18:58.319 --> 00:19:01.079
made up with Visa and MasterCard those companies.

413
00:19:00.640 --> 00:19:03.519
Which typically the company will make up that fee on

414
00:19:03.559 --> 00:19:04.160
the back ends.

415
00:19:04.480 --> 00:19:06.720
I think a lot of the weakness on Friday with

416
00:19:06.920 --> 00:19:11.000
a Visa too, was this traveler related stocks tanking. People

417
00:19:11.039 --> 00:19:12.359
aren't going to be traveling there, and I gonna be

418
00:19:12.440 --> 00:19:14.519
using the visa, not going to be buying airline tickets,

419
00:19:14.559 --> 00:19:19.640
and so I could see that being one of the factors.

420
00:19:20.160 --> 00:19:22.319
And I totally envision a world where now that we

421
00:19:22.359 --> 00:19:24.519
all have apps, Right, you have a Starbucks app, you

422
00:19:24.559 --> 00:19:27.240
have a Walmart app, like everything, Sure, you upload your

423
00:19:27.240 --> 00:19:29.680
digital dollars to that app, and inside that app you

424
00:19:29.759 --> 00:19:32.079
have a digital wallet that you just used to pay

425
00:19:32.359 --> 00:19:33.839
the same way you have Apple Pay on your phone.

426
00:19:33.839 --> 00:19:37.480
You just put your phone and that's an easy solution

427
00:19:37.599 --> 00:19:38.759
to their problem.

428
00:19:39.200 --> 00:19:41.079
It's going to be interesting. I know there's just a

429
00:19:42.480 --> 00:19:46.480
very small group of people who have trust in cryptocurrency,

430
00:19:46.559 --> 00:19:49.799
so that's a big hurdle to jump over.

431
00:19:50.039 --> 00:19:52.920
But this is the one that's truly it's backed by treasuries.

432
00:19:53.039 --> 00:19:55.640
I mean, they are using your dollars by treasury. So

433
00:19:55.839 --> 00:19:58.039
the idea is not to be speculative with.

434
00:19:58.000 --> 00:19:59.960
This, and it's the fact that two of the biggest

435
00:20:00.039 --> 00:20:02.160
companies in the United States of America are trying to

436
00:20:02.200 --> 00:20:03.319
adopt that are.

437
00:20:03.160 --> 00:20:05.279
Going to be using something that Todd just said, we

438
00:20:05.319 --> 00:20:07.640
don't need. No there you go.

439
00:20:07.759 --> 00:20:10.440
No, the digital dollars, because eventually you'll be able to

440
00:20:10.480 --> 00:20:13.039
do your bitcoin and pay with that at the store.

441
00:20:13.319 --> 00:20:15.200
The reason we don't need it is because we don't

442
00:20:15.240 --> 00:20:17.880
have we don't need access to US dollars. But the

443
00:20:18.000 --> 00:20:20.960
company themselves, they have to pay a percentage on every

444
00:20:20.960 --> 00:20:23.119
single purchase we're making. If they don't have to make

445
00:20:23.160 --> 00:20:26.000
that pay that one percent, that's that saves them a

446
00:20:26.039 --> 00:20:26.559
lot of money.

447
00:20:26.599 --> 00:20:28.359
Yeah, and I suppose even if they have their own

448
00:20:28.400 --> 00:20:30.720
credit card, they still have to pay somebody like Visa

449
00:20:30.759 --> 00:20:32.559
a MasterCard to run it through the system.

450
00:20:32.640 --> 00:20:34.680
Right, but in this scenario, you win it. You know,

451
00:20:34.759 --> 00:20:36.799
you would have a stable coin, right.

452
00:20:36.920 --> 00:20:40.240
I'm just saying that the educational the learning curve here

453
00:20:40.319 --> 00:20:41.599
is very very steep.

454
00:20:43.039 --> 00:20:45.880
We'll see, depends on the user interface, right, depends on

455
00:20:45.920 --> 00:20:48.319
how easy you can use it inside of an app.

456
00:20:48.720 --> 00:20:50.480
I was looking at the calendar for next week. We

457
00:20:50.599 --> 00:20:53.680
get the Fed decision on interest rates on Wednesday, and

458
00:20:53.799 --> 00:20:58.240
don't forget Thursday, market's closed. Why would the market be

459
00:20:58.319 --> 00:21:04.079
closed on Thursday, June teenth? And well, you guys celebrate Juneteenth,

460
00:21:04.279 --> 00:21:07.400
regardless of what you feel about Juneteenth, the stock markets closed,

461
00:21:08.000 --> 00:21:10.279
and if the stock markets closed, our us being here

462
00:21:10.359 --> 00:21:12.400
is kind of like a car dealer with no cars.

463
00:21:13.119 --> 00:21:16.480
There isn't much to do right so and we can't

464
00:21:16.519 --> 00:21:19.039
we can't issue checks because the banks are closed. So

465
00:21:19.440 --> 00:21:22.880
there isn't really anything we can do on Thursday. So

466
00:21:22.920 --> 00:21:29.839
we'll we'll be out there enjoying Juneteenth. We struck me

467
00:21:29.920 --> 00:21:31.799
is that almost regardless of what's on the calendar for

468
00:21:31.880 --> 00:21:34.160
next week, it really doesn't matter. Tell me what's going

469
00:21:34.200 --> 00:21:37.799
to happen with Israel and Iran, because until we get

470
00:21:37.839 --> 00:21:41.559
some resolution to that, or until it expands, or until

471
00:21:41.559 --> 00:21:44.039
it contracts, or and tell us, we've got to have

472
00:21:44.400 --> 00:21:49.240
that stabilize somehow, and hopefully by the time this is airing,

473
00:21:49.799 --> 00:21:51.839
we'll have some stability. I hope.

474
00:21:51.880 --> 00:21:53.920
So, and that's exactly what the Federal Reserve is going

475
00:21:54.000 --> 00:21:56.000
to say. They're most likely just going to hold rates

476
00:21:56.000 --> 00:21:58.880
again and then say, well, there's too much uncertainty to

477
00:21:58.880 --> 00:22:00.640
even give a projection on, and we're going to start

478
00:22:00.640 --> 00:22:01.200
cutting rates.

479
00:22:01.279 --> 00:22:03.960
I can't imagine that they would cut rates in this

480
00:22:04.160 --> 00:22:07.119
environment right now, They're just there is no reason to.

481
00:22:07.599 --> 00:22:09.200
It would be a shocker, wouldn't it. It would be

482
00:22:09.240 --> 00:22:11.160
a shocker matter what the odds are. But they gotta

483
00:22:11.160 --> 00:22:13.039
be somewhere around eighty five percent of games.

484
00:22:13.160 --> 00:22:16.240
I think it's more. Yeah, it's very BUSI that's not

485
00:22:16.240 --> 00:22:16.799
going to happen.

486
00:22:16.839 --> 00:22:19.279
He just watching the NBA playoffs. I am, well, it's

487
00:22:19.319 --> 00:22:22.480
the finals now, yeah, yeah, yeah, the NBA Finals. It's

488
00:22:22.839 --> 00:22:27.000
the two small market teams are teaming up to bring

489
00:22:27.079 --> 00:22:30.000
in the worst TV ratings since nineteen eighty eight.

490
00:22:30.200 --> 00:22:30.920
It makes sense.

491
00:22:31.079 --> 00:22:34.440
How about that nineteen eighty eight, thirty seven years ago

492
00:22:35.799 --> 00:22:39.319
since the TV ratings with this bad for the NBA finals.

493
00:22:39.319 --> 00:22:42.279
Now here's the good news for the NBA. There's still

494
00:22:42.400 --> 00:22:46.640
nine times as many people watching the NBA Playoffs as

495
00:22:46.680 --> 00:22:50.839
the Stanley Cup playoffs, which I have no audience.

496
00:22:50.759 --> 00:22:52.759
Which is crazy because that was an entertaining game.

497
00:22:53.000 --> 00:22:54.920
Canada. I guess Canada's making Canada.

498
00:22:55.519 --> 00:22:56.680
They are the oilers.

499
00:22:56.880 --> 00:22:58.839
Also, if you ever go to like a hockey game,

500
00:22:58.920 --> 00:23:03.400
that thing is packed. They're fanatical.

501
00:23:03.440 --> 00:23:05.920
If you watch the Stanley Cup on TV, you can

502
00:23:05.920 --> 00:23:08.119
feel the energy. I mean, people love it is. I

503
00:23:08.119 --> 00:23:09.599
don't know why it doesn't get more. I think because

504
00:23:09.599 --> 00:23:11.279
it's hard to understand the game for a lot of people.

505
00:23:11.440 --> 00:23:14.039
Hard doesn't play, hard to watch, who doesn't play like

506
00:23:14.079 --> 00:23:15.799
I mean, I watch it. I don't know all the rules,

507
00:23:15.960 --> 00:23:17.920
so I'm kind of just enjoying it. But I mean

508
00:23:17.960 --> 00:23:20.839
last night, I guess Thursday night they went it was

509
00:23:20.839 --> 00:23:21.319
a great game.

510
00:23:21.400 --> 00:23:23.680
You know what, I think My problem with hockey is

511
00:23:23.880 --> 00:23:25.720
it's not because I don't I'd love how I understand

512
00:23:25.799 --> 00:23:27.400
the rules, And I think it's the same problem I

513
00:23:27.400 --> 00:23:30.920
have UFC. Once the last names get beyond twelve letters,

514
00:23:31.880 --> 00:23:33.960
you know, it's hard to like there.

515
00:23:33.839 --> 00:23:37.200
Aren't a lot of Americans playing It's hard to remember

516
00:23:37.960 --> 00:23:41.000
watching women's golf, right, women's golf. They're not a lot

517
00:23:41.000 --> 00:23:42.519
of Americans playing women's golf.

518
00:23:42.599 --> 00:23:44.400
And the reason I bring up UFC, they're part of

519
00:23:44.440 --> 00:23:48.920
t k O. UFC's ratings just seems to keep like increasing,

520
00:23:49.160 --> 00:23:52.599
they keep it greating, but the popularity is gonna decline

521
00:23:52.640 --> 00:23:55.079
if they don't keep getting the new big names that

522
00:23:55.160 --> 00:23:55.880
we all want to go.

523
00:23:56.000 --> 00:23:58.759
My grandson, my grandson is eight years old, and boy,

524
00:23:58.799 --> 00:24:00.960
he is all in on side soccer and this soccer

525
00:24:01.000 --> 00:24:04.200
is his world. And so I've been really, really really

526
00:24:04.240 --> 00:24:08.279
trying hard to learn soccer, but honestly, I can't stay

527
00:24:08.319 --> 00:24:12.640
awake for a whole game. We'll be back, We'll be

528
00:24:12.720 --> 00:24:16.720
back with more than moneymatter show after this commercial message,

529
00:24:16.759 --> 00:24:18.440
thanks again for joining. I appreciate it.

530
00:24:18.720 --> 00:24:20.440
Welcome back to the Money Matter Show. My name is

531
00:24:20.480 --> 00:24:23.440
Sebastian Borersenihim here with David Sherwood, Dylan Greenberg and Todd

532
00:24:23.440 --> 00:24:25.559
Glick Junior. Before we go any further, I got a

533
00:24:25.640 --> 00:24:28.039
quick disclaimer. This show is sponsored by the Greenberg Financial

534
00:24:28.039 --> 00:24:31.319
Group and you can listen on seven ninety KNSD or iHeartRadio.

535
00:24:31.400 --> 00:24:34.759
This show discusses different investment products and strategies. Every product

536
00:24:34.759 --> 00:24:36.640
in strategy have some type of an inherent risk, and

537
00:24:36.680 --> 00:24:39.640
we strongly encourage our listeners to understand the risk to

538
00:24:39.720 --> 00:24:42.880
determine whether to buy, sell, or hold. Shows on has

539
00:24:42.920 --> 00:24:45.160
been on air for over thirty years. The Greenberg Financial

540
00:24:45.319 --> 00:24:48.160
Group is registered with the SEC. Visit our website at

541
00:24:48.160 --> 00:24:51.759
Greenberg Financial dot com. For some more information, you could

542
00:24:51.759 --> 00:24:53.480
give us a call at five two zero five four

543
00:24:53.519 --> 00:24:56.480
four four nine zero nine. I'm gonna pass it over

544
00:24:56.519 --> 00:24:58.000
to Todd and he's gonna tell us a little bit

545
00:24:58.000 --> 00:24:59.960
more about bitcoin. All right.

546
00:25:00.359 --> 00:25:03.240
So, yeah, Bitcoin continues to reach new all time high,

547
00:25:03.359 --> 00:25:06.640
so people continue to ask us what it is and

548
00:25:06.799 --> 00:25:08.599
how it works. So we're going to give a quick

549
00:25:09.119 --> 00:25:12.880
synopsis of what exactly Bitcoin works, and it's as we know.

550
00:25:12.960 --> 00:25:15.759
It is a digital type of money, but unlike dollars

551
00:25:15.839 --> 00:25:21.160
or coins, it is not printed or created electronically by government. Instead,

552
00:25:21.440 --> 00:25:24.279
it operates on a global computer network, a bit like

553
00:25:24.359 --> 00:25:27.720
a group project where thousands of people each keep a

554
00:25:27.759 --> 00:25:31.359
copy of the same notebook. Every time someone spends or

555
00:25:31.440 --> 00:25:35.799
sends bitcoin, that transaction is recorded in this digital notebook

556
00:25:36.039 --> 00:25:39.039
which everyone can see, but no one can erase or rewrite.

557
00:25:39.480 --> 00:25:42.599
This notebook is what we call the blockchain, and each

558
00:25:42.680 --> 00:25:45.519
page added is a new block all right.

559
00:25:45.599 --> 00:25:47.599
I love that analogy because it kind of makes you,

560
00:25:47.599 --> 00:25:50.200
you know, you hear blockchain and well, I love recording.

561
00:25:50.519 --> 00:25:52.920
That really puts it. I thought it was a great analogy.

562
00:25:53.000 --> 00:25:54.400
And people are like, okay, well, how do you add

563
00:25:54.400 --> 00:25:56.599
a new page? Well, a new page is added to

564
00:25:56.680 --> 00:25:59.480
the notebook is something that is very important to the

565
00:25:59.519 --> 00:26:02.960
network because as these transactions are added to the new page,

566
00:26:02.960 --> 00:26:05.440
they need to be confirmed as real, like they're not

567
00:26:05.440 --> 00:26:08.559
going to be double spent or they're fraudulent. That's where

568
00:26:08.599 --> 00:26:12.200
mining comes in. No, you're not actually mining physical dirt,

569
00:26:12.519 --> 00:26:15.839
and these are actually just giant math puzzles that need

570
00:26:16.160 --> 00:26:18.599
to be solved to unlock the next page to confirm

571
00:26:18.640 --> 00:26:22.799
each transaction. The first computer to solve the puzzle earns

572
00:26:22.839 --> 00:26:25.119
the right to add the next page of transactions to

573
00:26:25.160 --> 00:26:27.960
the notebook add the block to the blockchain. By doing that,

574
00:26:28.000 --> 00:26:31.319
they get rewarded with the newly created bitcoin. So when

575
00:26:31.319 --> 00:26:33.839
we're talking about the bitcoin having, we're saying that the

576
00:26:34.359 --> 00:26:38.200
reward that the miners get for unlocking that new page

577
00:26:38.240 --> 00:26:41.519
is cut in half. That happens every four years. But

578
00:26:41.599 --> 00:26:44.200
here's the key. Before the computer can submit the page,

579
00:26:44.559 --> 00:26:47.240
the rest of the network checks every transaction on it.

580
00:26:47.559 --> 00:26:50.319
If anything looks fake, like someone trying to spend the

581
00:26:50.319 --> 00:26:53.319
same bitcoin twice, the page is rejected, and it's only

582
00:26:53.319 --> 00:26:56.240
when all the transactions pass the test does the new

583
00:26:56.279 --> 00:26:58.759
page get added more or less. That's how the new

584
00:26:58.759 --> 00:27:00.720
blocks get added to the bitcoin blockchain.

585
00:27:01.200 --> 00:27:02.680
All right, beautiful, So.

586
00:27:02.599 --> 00:27:05.119
You're gonna have twenty one million over the course of

587
00:27:05.160 --> 00:27:08.839
the next well twenty one million total. We already have

588
00:27:08.880 --> 00:27:13.799
about nineteen million in circulated supply. As people keep unlocking

589
00:27:13.839 --> 00:27:17.720
new blocks and adding blocks to blockchain, there's about two

590
00:27:17.799 --> 00:27:20.480
point sixty five bitcoin that gets released to the people

591
00:27:20.519 --> 00:27:23.640
who actually minded. Then that gets caught in half. Starting

592
00:27:23.720 --> 00:27:26.519
twenty eight, twenty thirty two, every four years after that

593
00:27:26.720 --> 00:27:28.920
going to about twenty one to thirty and then there's

594
00:27:28.960 --> 00:27:30.599
no more bitcoin rewards.

595
00:27:30.200 --> 00:27:33.240
So there's a finite supply. It's limited. And then on

596
00:27:33.279 --> 00:27:34.960
top of it, I think you should talk a little

597
00:27:34.960 --> 00:27:38.200
bit about the all the lost bitcoin out there or

598
00:27:38.319 --> 00:27:41.559
seize bitcoin that you've mentioned before, because that takes away

599
00:27:41.559 --> 00:27:42.160
from the supply.

600
00:27:42.400 --> 00:27:44.480
Yeah, there's a lot of famous stories of how people

601
00:27:44.559 --> 00:27:46.720
have lost their passwords and they're not able to access

602
00:27:46.720 --> 00:27:49.319
their bitcoin anymore. That means they're also never going to

603
00:27:49.359 --> 00:27:52.319
be able to sell that bitcoin ever again. And there

604
00:27:52.400 --> 00:27:55.440
is reports of anywhere from two to three million bitcoin

605
00:27:55.519 --> 00:27:58.680
have either been confiscated and we know the US have

606
00:27:59.640 --> 00:28:01.759
through said we're not going to sell any other bitcoin

607
00:28:01.799 --> 00:28:04.519
that has been confiscated by the US or it's just

608
00:28:04.559 --> 00:28:08.559
been truly lost. That means roughly, you know, ten percent

609
00:28:08.559 --> 00:28:10.799
of the network will never get sold. So there really

610
00:28:10.920 --> 00:28:13.559
is probably only around eighteen to nineteen million that will

611
00:28:13.599 --> 00:28:16.519
ever be truly able to be used for commerce or saving.

612
00:28:16.599 --> 00:28:19.680
What a good percentage of that is steaked, right, steak

613
00:28:19.720 --> 00:28:23.200
are set aside, it's not available for trading.

614
00:28:23.400 --> 00:28:25.599
There's always a story of a guy who had had

615
00:28:25.599 --> 00:28:29.000
his password on a flash drive and he accidentally threw

616
00:28:29.039 --> 00:28:30.920
it away, and there's a landfill and he's been trying

617
00:28:30.920 --> 00:28:32.680
to buy the landfill so he can go look through

618
00:28:32.720 --> 00:28:33.880
it and get his password back.

619
00:28:33.960 --> 00:28:34.200
Yeah.

620
00:28:34.400 --> 00:28:35.680
Yeah, they haven't let.

621
00:28:35.680 --> 00:28:37.759
Him buy it yet, but you're desperate when he got

622
00:28:37.880 --> 00:28:41.039
hundreds of million dollars worth of bitcoin down a flash drive.

623
00:28:41.319 --> 00:28:45.160
Yeah, And for me, the real technology that that bitcoin solve, Well,

624
00:28:45.640 --> 00:28:48.960
the problem bitcoin solves is what gold isn't it's you

625
00:28:49.000 --> 00:28:51.519
can't easily fractionalize gold. I can't just shave off piece

626
00:28:51.559 --> 00:28:53.480
of gold and go to the store. It's very hard

627
00:28:53.480 --> 00:28:56.680
to transport gold. It's hard to keep gold secure. Right,

628
00:28:56.680 --> 00:28:59.519
there's a lot of gold can even like not hold

629
00:28:59.519 --> 00:29:02.359
its true. There's a lot of problems with it. When

630
00:29:02.400 --> 00:29:05.680
you make a digital version of gold, you answer all

631
00:29:05.680 --> 00:29:09.240
those questions. And that's what bitcoin has been designed to be.

632
00:29:09.640 --> 00:29:12.119
Thank you, Tipshire. I've got a housekeeping issue I wanted

633
00:29:12.119 --> 00:29:14.559
to bring up from last week. Last week, during the

634
00:29:14.559 --> 00:29:18.480
first hour, we discussed rare earth minerals in detail. We

635
00:29:18.519 --> 00:29:21.759
talked about what they are, how they're used, and why

636
00:29:21.759 --> 00:29:25.599
they're important. In the second hour we mentioned them again

637
00:29:25.640 --> 00:29:28.079
and we said we couldn't understand why they were called

638
00:29:28.279 --> 00:29:31.480
rare earth, when in fact they're more common than gold.

639
00:29:32.519 --> 00:29:36.079
Turns out, the term goes back to the seventeen hundreds.

640
00:29:36.720 --> 00:29:39.480
Rare earth minerals goes back to the seventeen hundreds when

641
00:29:39.480 --> 00:29:43.160
they were first discovered. At that time, they were in small,

642
00:29:43.279 --> 00:29:47.039
hard to isolate quantities, and we're hard to identify with

643
00:29:47.160 --> 00:29:52.519
the technology that existed at that time. Thus rare. Oh,

644
00:29:52.640 --> 00:29:55.519
that's why they're called rare earth minerals. We had to

645
00:29:56.200 --> 00:29:58.799
in the second hour mentioned that someone took that as

646
00:29:59.240 --> 00:30:03.319
us not undernderstanding what rare earth minerals were. And if

647
00:30:03.319 --> 00:30:05.799
you listen to the first hour of the show last week,

648
00:30:06.359 --> 00:30:08.759
you would know that that is as far from the

649
00:30:08.799 --> 00:30:09.720
truth as you can get.

650
00:30:09.880 --> 00:30:10.680
Must have missed it.

651
00:30:10.880 --> 00:30:13.039
We have some details. I'm sorry you missed the first

652
00:30:13.039 --> 00:30:13.880
hour of the show.

653
00:30:15.279 --> 00:30:18.200
Missed, sir, nice. MP calls well up like fifteen percent

654
00:30:18.240 --> 00:30:18.720
this week.

655
00:30:19.160 --> 00:30:21.440
The MP is a stranger and you want to talk

656
00:30:21.480 --> 00:30:22.799
a little bit about MP. Yeah.

657
00:30:22.920 --> 00:30:25.400
MP Materials is just a rare earth miner here in

658
00:30:26.039 --> 00:30:27.920
based out of I believe Vegas.

659
00:30:28.279 --> 00:30:30.079
They mine in California.

660
00:30:30.160 --> 00:30:31.480
Yeah, okay, California.

661
00:30:31.559 --> 00:30:33.599
It's a mountain pass mine as what they call it

662
00:30:33.720 --> 00:30:36.400
MP Mountain Pass. Mind, it's the only operating rare earth

663
00:30:36.480 --> 00:30:40.480
mine and processing facility in the United States. Stock had

664
00:30:40.559 --> 00:30:43.880
rallied sixty percent this year on concerns about those rarer

665
00:30:43.960 --> 00:30:47.400
supplies from China, jumped to another twelve percent last Monday.

666
00:30:47.839 --> 00:30:50.119
Morgan Stanley raped it to a by saying the company

667
00:30:50.200 --> 00:30:54.319
is going to enjoy strategic value as political tensions with

668
00:30:54.440 --> 00:30:57.960
China make the critical minerals more uncertain. And I thought, well,

669
00:30:57.960 --> 00:31:00.000
what happens if you get in agreement with China. Well,

670
00:31:00.039 --> 00:31:03.279
we got attentive agreement on Tuesday, a six month I

671
00:31:03.359 --> 00:31:07.400
dropped fifteen percent, and then it was we figured out

672
00:31:07.400 --> 00:31:08.759
that it was going to be a six month ago

673
00:31:09.319 --> 00:31:11.119
that Swiss stock went back up to the high.

674
00:31:11.680 --> 00:31:14.599
That's what it was. It was they came up with

675
00:31:14.640 --> 00:31:18.799
the agreements or the license, and then stock plummeted obviously

676
00:31:18.799 --> 00:31:20.400
because we're going to source all of our rare earth

677
00:31:20.440 --> 00:31:23.200
minerals from China still and then it was actually only

678
00:31:23.240 --> 00:31:26.119
six months, so okay, what happens after that six months?

679
00:31:26.119 --> 00:31:30.720
And they jumped again after the Israeli attack, on thought, well,

680
00:31:30.799 --> 00:31:32.680
China was going to be angry about that, and there

681
00:31:32.680 --> 00:31:36.039
goes our trade deal for our rare earth minerals. The

682
00:31:36.119 --> 00:31:41.400
Canada and Mexico both have substantial supplies of earth minerals.

683
00:31:41.960 --> 00:31:43.720
Seems to me we ought to be spending a little

684
00:31:43.759 --> 00:31:48.000
more time working on those exploring there, letting China grab

685
00:31:48.079 --> 00:31:51.359
us around the neck and hold its hostage for something

686
00:31:51.440 --> 00:31:55.160
like that. I think the Chinese market was unchanged on

687
00:31:55.200 --> 00:31:57.799
the weekend. Ours was virtually unchanged, down four tenths of

688
00:31:57.799 --> 00:32:00.480
a percent on the S and P. European market was

689
00:32:00.480 --> 00:32:03.759
down about one percent. DoD you mentioned oil jumped eight

690
00:32:03.759 --> 00:32:05.319
and a half bucks to seventy three dollars.

691
00:32:05.359 --> 00:32:07.759
I want to go back to MP materials just real quick.

692
00:32:08.359 --> 00:32:11.079
We don't give advice on the show because we do

693
00:32:11.160 --> 00:32:13.759
not know your risk tolerance. It's important to note this. Yeah,

694
00:32:13.920 --> 00:32:16.720
there's a it's a big buzzword right now, rare earth minerals,

695
00:32:16.960 --> 00:32:19.240
but if you actually take a look at this company's earnings,

696
00:32:19.279 --> 00:32:20.960
they don't make money yet it's negative.

697
00:32:21.240 --> 00:32:23.160
The good news is they don't have a PE, so

698
00:32:23.200 --> 00:32:27.319
you can't say they're PE because they've got no E, right,

699
00:32:27.599 --> 00:32:28.880
and you have to have an E to have PE.

700
00:32:29.599 --> 00:32:32.119
And a lot of companies that have been like this

701
00:32:34.240 --> 00:32:37.319
start eventually got an E and that was the end

702
00:32:37.359 --> 00:32:40.240
of the one because now they have a PE and

703
00:32:40.279 --> 00:32:42.640
you're going, oh my goodness, the valuation of that thing

704
00:32:42.720 --> 00:32:45.400
is off the charts. But you make a good point.

705
00:32:45.440 --> 00:32:50.000
We can't recommend. We're not recommending any stock to anybody.

706
00:32:50.440 --> 00:32:53.880
We're making comments about things we saw during the week,

707
00:32:53.960 --> 00:32:59.200
observations about trends that we're seeing. If you'd like us

708
00:32:59.240 --> 00:33:02.119
to look at your portfolio, give you some advice, we're

709
00:33:02.160 --> 00:33:04.920
happy to do that no charge. If you want us

710
00:33:04.960 --> 00:33:08.559
to do a risk analysis, we can do that. Todd,

711
00:33:08.680 --> 00:33:12.599
Dylan Sebastian are all doing financial plans every day still,

712
00:33:12.720 --> 00:33:16.160
every single day. And if you have not yet gotten

713
00:33:16.200 --> 00:33:20.559
your free financial plan, and it's not free because it's worthless.

714
00:33:21.039 --> 00:33:24.160
It's free because we're using it as a loss leader,

715
00:33:24.400 --> 00:33:27.119
like so many businesses do to get people in the door.

716
00:33:28.079 --> 00:33:31.319
And it's been very effective. But we're happy to do that.

717
00:33:32.240 --> 00:33:37.039
Some become clients, most don't. Is that accurate? I was

718
00:33:37.079 --> 00:33:39.599
des ackered, didn't it? Yeah? I mean, we're we're happy

719
00:33:39.640 --> 00:33:43.000
to do that. It's something that we're willing to do

720
00:33:43.680 --> 00:33:46.720
as a public service in the hopes that you will

721
00:33:47.079 --> 00:33:50.119
see us, see our buildings see our operations, think, oh god,

722
00:33:50.119 --> 00:33:52.359
these guys are good at what they do. I'd like

723
00:33:52.440 --> 00:33:55.119
them to help me and that we would get involved

724
00:33:55.240 --> 00:33:59.119
that way. Bitcoin actually finished the week fractionally higher at

725
00:33:59.160 --> 00:34:03.240
a rough day, and it's very volatile boxes around, isn't it. Yeah.

726
00:34:03.279 --> 00:34:07.039
I mean it had a really strong weekend before Monday's open,

727
00:34:07.119 --> 00:34:09.880
so I think that's why it looked up on the week.

728
00:34:09.960 --> 00:34:12.320
But as the no, it never truly closes.

729
00:34:13.000 --> 00:34:13.199
Yeah.

730
00:34:13.400 --> 00:34:16.440
I think technically speaking, it held in very well, and

731
00:34:16.719 --> 00:34:18.960
I'm still very bullish probably one.

732
00:34:19.039 --> 00:34:21.159
Yeah, I think I saw it last weekend a week

733
00:34:21.159 --> 00:34:23.639
ago at about one ten, one ten and a half

734
00:34:23.679 --> 00:34:24.239
something like that.

735
00:34:24.519 --> 00:34:26.480
And again I mean I think long term speaking, I

736
00:34:26.480 --> 00:34:30.239
mean Gold's market cap is about thirteen trillion, seems like

737
00:34:30.280 --> 00:34:34.440
that's still growing. Bitcoin is only about I think one

738
00:34:34.440 --> 00:34:37.119
point five or two trillion right now, so I mean,

739
00:34:37.559 --> 00:34:39.920
if it can take even a quarter or a half

740
00:34:40.159 --> 00:34:40.840
of what that is.

741
00:34:41.039 --> 00:34:43.840
Bitcoin is literally in its infancy, and there's not a

742
00:34:43.840 --> 00:34:47.400
week goes by that you don't speech some company the

743
00:34:47.440 --> 00:34:50.639
announcing that they're going to buy more bitcoin for their treasury,

744
00:34:50.800 --> 00:34:54.079
or who was a game stop sold some revertible bonds

745
00:34:54.079 --> 00:34:55.000
to buy bitcoin.

746
00:34:55.639 --> 00:34:57.519
When you start putting in bitcoin with these some of

747
00:34:57.559 --> 00:35:01.840
these fixed income assets that createtivity. I mean, it's it's

748
00:35:01.880 --> 00:35:04.480
it's Wall Street's new favorite toy, you know. So they're

749
00:35:04.519 --> 00:35:06.840
really trying to find all the different ways that that

750
00:35:06.840 --> 00:35:08.880
that they can use it. Right now, and I don't

751
00:35:08.920 --> 00:35:11.760
know if you heard, but there's now credit cards from

752
00:35:11.800 --> 00:35:15.840
Gemini and Coinbase that you can use and they'll give

753
00:35:15.840 --> 00:35:17.960
you up to four percent cash back in bitcoin.

754
00:35:18.079 --> 00:35:20.320
Coin Base is a American Express.

755
00:35:21.159 --> 00:35:24.159
Yeah, it's like how if you have MX normally you'd

756
00:35:24.199 --> 00:35:27.360
get like airline miles if you spend three granted in

757
00:35:27.400 --> 00:35:29.599
the first three months or something. They give you bitcoin

758
00:35:29.880 --> 00:35:31.840
worth two hundred dollars if you spend three thousand the

759
00:35:31.840 --> 00:35:32.400
first three months.

760
00:35:32.480 --> 00:35:34.159
So we have to you open up a bitcoin account

761
00:35:34.199 --> 00:35:34.840
with them, and they.

762
00:35:35.159 --> 00:35:37.360
You open up a Gemini card account.

763
00:35:38.039 --> 00:35:40.400
We'll be back coming up to the end of this segment.

764
00:35:40.440 --> 00:35:43.239
We'll be back with some more information right after this break.

765
00:35:43.599 --> 00:35:46.360
Welcome back to the Money Matters Show. So we've got

766
00:35:46.360 --> 00:35:49.119
the CNBC Disruptor fifty list. You see that last week,

767
00:35:50.320 --> 00:35:52.920
and Duriel, I think that's how you say the company.

768
00:35:53.599 --> 00:35:56.679
They're a defense company based out of California.

769
00:35:57.159 --> 00:35:58.199
They are the number one.

770
00:35:58.480 --> 00:36:01.039
They got open ais number two, to Bricks number three,

771
00:36:01.360 --> 00:36:04.159
Anthropic number four, and Canva number five.

772
00:36:04.840 --> 00:36:05.920
It was an interesting one to me.

773
00:36:06.079 --> 00:36:08.679
Canva, that's kind of Andrel was ahead of open Ai.

774
00:36:09.000 --> 00:36:11.400
Yeah, they I think they switched because last year Andro

775
00:36:11.639 --> 00:36:14.639
was number two. What was the four fourth one Anthropic

776
00:36:14.679 --> 00:36:15.800
which is Amazon's AI.

777
00:36:16.039 --> 00:36:19.039
Oh okay, okay again, I mean you're seeing two out

778
00:36:19.079 --> 00:36:22.519
of the top five AI. Canva is largely AI driven

779
00:36:22.599 --> 00:36:24.519
for really three at the top five. Then you look

780
00:36:24.519 --> 00:36:27.840
in the Adrell business that is AI two for drones.

781
00:36:28.239 --> 00:36:29.920
So yeah, it's all AI and that.

782
00:36:30.320 --> 00:36:34.360
And Andrell is the founder invented Oculus sold it to

783
00:36:34.400 --> 00:36:36.000
Facebook back in twenty.

784
00:36:35.760 --> 00:36:39.880
Fourteen at nineteen years old. Yeah, he invented He made

785
00:36:39.960 --> 00:36:43.880
Oculus rift the goggles and sold at nineteen.

786
00:36:43.760 --> 00:36:46.519
To Facebook or at the time Facebook, they had a

787
00:36:46.559 --> 00:36:48.639
huge falling out him and Zuckerfer didn't like each other.

788
00:36:48.960 --> 00:36:51.000
Now Meta just signed a deal with them to do

789
00:36:51.079 --> 00:36:54.079
some what was it they just signed a deal.

790
00:36:53.920 --> 00:36:56.599
For We talked about it last week. I felt like Ago.

791
00:36:56.599 --> 00:36:58.639
Ski escaping my mind right now. But they signed a deal.

792
00:36:58.679 --> 00:37:01.960
They made amends, and now he's back working with him.

793
00:37:01.960 --> 00:37:03.760
But the guy took that money that he sold form

794
00:37:03.760 --> 00:37:07.760
Oculous and built this company. He's a he's thirty two

795
00:37:07.840 --> 00:37:09.320
years old now, he's just a genius.

796
00:37:09.400 --> 00:37:11.320
Oh yeah, he was nineteen at the time.

797
00:37:11.400 --> 00:37:13.840
And they've talked about They asked them on CNBC if

798
00:37:13.880 --> 00:37:16.679
they're have talked about going public, and they definitely do.

799
00:37:16.719 --> 00:37:18.800
He said, we've made this company to go public, so

800
00:37:19.480 --> 00:37:21.159
that's going to be a really hot ipe.

801
00:37:21.280 --> 00:37:23.119
Oh, I would think you. And it seems like all

802
00:37:23.119 --> 00:37:24.719
of the iPods are hot now, even the ones.

803
00:37:24.840 --> 00:37:26.880
You look at it and go, yeah, you got chime

804
00:37:27.440 --> 00:37:28.280
Chime Financial.

805
00:37:28.360 --> 00:37:31.360
Yeah, that cat fintech company that came out last week,

806
00:37:31.519 --> 00:37:33.960
the ipodo twenty seven dollars. They started trading forty three

807
00:37:34.000 --> 00:37:36.719
dollars Friday. They took a hit down the mid thirties.

808
00:37:36.719 --> 00:37:38.920
But Chime reminds me a lot of Dave. If you

809
00:37:38.920 --> 00:37:41.239
look at the Dave app, which is another financial app.

810
00:37:41.280 --> 00:37:42.960
I'm not talking about you, Dave, and there was a

811
00:37:43.039 --> 00:37:43.960
stock called Dave.

812
00:37:44.360 --> 00:37:45.960
Nobody took my app yep.

813
00:37:45.880 --> 00:37:49.480
Look it up. So Dave is actually it's killed it

814
00:37:50.239 --> 00:37:52.280
on the last year. I think it's up like three

815
00:37:52.320 --> 00:37:55.559
hundred percent or something like that. It's insane. But they

816
00:37:55.559 --> 00:37:59.079
have commercials you'll see him on ESPN or whatever, and

817
00:37:59.559 --> 00:38:01.880
just another kind of chime alternative.

818
00:38:02.000 --> 00:38:04.320
Really, it's just the most common you know, Dave is

819
00:38:04.679 --> 00:38:06.920
I've lived with it for a while. It's the most

820
00:38:06.920 --> 00:38:08.920
common name out there. I think. I don't know what

821
00:38:09.000 --> 00:38:11.519
the most common name in America, but I think, and.

822
00:38:11.800 --> 00:38:13.719
You know, the the name Dave is for this bear

823
00:38:13.920 --> 00:38:17.119
like that's is what it's. There are logos of bear,

824
00:38:17.280 --> 00:38:19.039
like a little cartoon bear, and they call Dave.

825
00:38:19.679 --> 00:38:21.159
I know that if you want to empty a theater,

826
00:38:21.360 --> 00:38:23.599
you just stand behind the people and to go Dave.

827
00:38:23.639 --> 00:38:26.679
You got a call and empties out. I was standing

828
00:38:26.719 --> 00:38:29.320
in truth in the narthext number five of us. When

829
00:38:29.320 --> 00:38:31.719
we're all named Dave, all of us, all five.

830
00:38:31.960 --> 00:38:35.400
Mm common day one syllable, it's easy.

831
00:38:36.480 --> 00:38:40.480
Might might might as well have a little Dave convention here, huh.

832
00:38:40.639 --> 00:38:42.239
Got GM. You see the news on them.

833
00:38:42.280 --> 00:38:44.320
They're planning to invest four billion dollars in the US

834
00:38:44.320 --> 00:38:47.480
manufacturing plants and response to all these tariffs going on.

835
00:38:47.800 --> 00:38:50.000
It'll add the production of the Blazer and the Equinox,

836
00:38:50.199 --> 00:38:51.719
which is currently built in Mexico.

837
00:38:51.719 --> 00:38:52.119
They're going to.

838
00:38:52.159 --> 00:38:55.519
Add them to the constrict to the manufacturing in the US.

839
00:38:55.920 --> 00:38:58.639
So companies are moving to the US and response to

840
00:38:58.679 --> 00:38:59.280
these tariffs.

841
00:38:59.400 --> 00:39:01.920
How about that? How about that Boying wrecking in India

842
00:39:01.920 --> 00:39:05.079
with a three hundred and forty two people on board two.

843
00:39:06.039 --> 00:39:09.360
One person walked away, walked away. Yeah, he didn't get live.

844
00:39:09.519 --> 00:39:10.559
He walked away.

845
00:39:11.400 --> 00:39:13.119
You walked out of the fires as.

846
00:39:12.920 --> 00:39:15.639
Three and forty one. Excive me, two hundred and forty

847
00:39:15.679 --> 00:39:17.360
one out of two hundred and forty two die and

848
00:39:17.400 --> 00:39:18.559
you walk away.

849
00:39:19.000 --> 00:39:21.199
It's a couple of scratches on your face, but you're walking.

850
00:39:21.360 --> 00:39:22.159
I mean, it's crazy.

851
00:39:22.199 --> 00:39:24.719
Like I saw the video from like a distance one

852
00:39:25.119 --> 00:39:27.119
and it just it looked like it just failed. The

853
00:39:27.159 --> 00:39:29.119
engines failed, something failed on it, and it just slowly

854
00:39:29.159 --> 00:39:31.159
went down and then in the distance you just see

855
00:39:31.199 --> 00:39:32.960
a big ball of flame pop up. I don't know

856
00:39:32.960 --> 00:39:35.599
how that guy could walk away from that. Yeah, it

857
00:39:35.719 --> 00:39:37.400
was wild not his time.

858
00:39:37.280 --> 00:39:39.719
Down five percent. Boying dead, of course, that's the one

859
00:39:39.800 --> 00:39:43.840
risk you have with Boying. Boying been a tema recently

860
00:39:43.840 --> 00:39:47.079
after losing ground arrival Airbus. Over the last few years.

861
00:39:47.079 --> 00:39:50.119
The company has received more than twice as many orders

862
00:39:50.559 --> 00:39:53.960
as Airbus has this year, so they're they're catching up.

863
00:39:53.960 --> 00:39:56.199
But the crash, of course, doesn't help. Uh, but let

864
00:39:56.320 --> 00:40:00.480
Nick say, really on the recovery mode big time. Yeah.

865
00:40:00.519 --> 00:40:02.880
I mean that's because Lutnick even was on See earlier

866
00:40:02.880 --> 00:40:04.920
in the week and said Boeing always comes great out

867
00:40:04.960 --> 00:40:07.639
of these deals, referring to the China trade deal and

868
00:40:07.760 --> 00:40:09.800
before that the UK Trader they said that they're going

869
00:40:09.840 --> 00:40:13.039
to buy Boeing jets. It does seem like Boeing is

870
00:40:13.039 --> 00:40:16.000
going to continue to get benefits from these ongoing trade

871
00:40:16.039 --> 00:40:19.119
deals as they come about, so other than this short term,

872
00:40:19.599 --> 00:40:21.679
and there is some risk of it being an engine failure,

873
00:40:21.719 --> 00:40:23.079
so it probably would go back to Boeing.

874
00:40:23.159 --> 00:40:24.840
Right, Well, that's Pratt and Whitney.

875
00:40:25.119 --> 00:40:27.239
Well that's what I kind of was I was thinking.

876
00:40:27.280 --> 00:40:30.000
But right, Pratt and Whitney's owned by Raytheon, isn't it right?

877
00:40:30.760 --> 00:40:33.800
So wrong company got here. I mean, obviously it seemed

878
00:40:33.840 --> 00:40:35.760
like all the reporters are saying it's the engine failure.

879
00:40:35.840 --> 00:40:37.519
So I don't know a lot of people are going

880
00:40:37.599 --> 00:40:39.119
to sell Bowing though with that, because it's just the

881
00:40:39.159 --> 00:40:40.800
press that's going to come along with it. And it

882
00:40:41.159 --> 00:40:43.079
reminds you of a few years ago when they have those.

883
00:40:42.920 --> 00:40:45.639
Crashes and what you're dealing in the fear you have,

884
00:40:45.800 --> 00:40:47.559
Like you just said, the fear you have is that

885
00:40:47.599 --> 00:40:51.800
this is the beginning of another one of those periods. Yeah,

886
00:40:51.639 --> 00:40:54.000
uh you know that? Oh my goodness, Hey, you want

887
00:40:54.000 --> 00:40:56.280
a fun fact? Sure, I got a fun fact. You

888
00:40:56.320 --> 00:40:59.800
guys are all single? Right, Well, guess what? No married men?

889
00:40:59.840 --> 00:41:05.119
On average? None of you are married. You're married. Married

890
00:41:05.159 --> 00:41:07.960
men on average live two to three years longer than

891
00:41:08.119 --> 00:41:11.800
single men, right to which I thought, or does it

892
00:41:11.840 --> 00:41:15.840
just seem like two to three years longer? But do

893
00:41:15.880 --> 00:41:16.440
we know why?

894
00:41:17.079 --> 00:41:17.440
Yes?

895
00:41:17.599 --> 00:41:21.519
Because your wives would make you eat better, drink less,

896
00:41:22.599 --> 00:41:25.599
exercise more, and go to the doctor more often.

897
00:41:25.679 --> 00:41:29.039
Yeah, but what about the increased stress the fun.

898
00:41:28.880 --> 00:41:32.079
Police are on are doing their job? Todd? If you

899
00:41:32.119 --> 00:41:36.480
ever looked at the word manslaughter? Yeah, and look if

900
00:41:36.480 --> 00:41:38.679
you really look closely at if you put a space

901
00:41:38.760 --> 00:41:43.639
between the S and the L laughter man's laughter, how

902
00:41:43.679 --> 00:41:46.440
does that become? It's kind of weird.

903
00:41:46.920 --> 00:41:48.079
Got too much time on your hands?

904
00:41:48.320 --> 00:41:48.840
Apparently?

905
00:41:49.000 --> 00:41:50.159
Apparently it's father's dead.

906
00:41:50.840 --> 00:41:52.920
Okay, So I got a really good one though, Happy Hour.

907
00:41:53.360 --> 00:41:55.239
I know you guys are big on Happy Hour? Right?

908
00:41:55.400 --> 00:41:57.800
Do you use AI yet for your jokes? Do you

909
00:41:57.880 --> 00:41:59.599
use AI yet for your jokes? At least they it

910
00:41:59.639 --> 00:42:01.159
can come up for a little better ones.

911
00:42:01.599 --> 00:42:02.880
So there's no joke involved.

912
00:42:02.880 --> 00:42:04.840
These are facts.

913
00:42:04.840 --> 00:42:08.159
I'm giving you facts, Todd. The psychopedia is not supposed

914
00:42:08.159 --> 00:42:08.599
to be funny.

915
00:42:08.719 --> 00:42:09.840
Man's laughter.

916
00:42:10.119 --> 00:42:12.519
Google's not supposed to be funny, Todd. It's supposed to

917
00:42:12.559 --> 00:42:18.159
be informative. This is really important happy hour, right the term?

918
00:42:18.280 --> 00:42:20.960
Get this? I don't think you're gonna I would have

919
00:42:21.039 --> 00:42:23.440
never gotten this one hundred years. I tripped over this

920
00:42:23.599 --> 00:42:26.719
last week and wow, that's amazing. Actually I got it

921
00:42:26.760 --> 00:42:27.800
from pawn Stars.

922
00:42:28.519 --> 00:42:30.239
In pond Stars, I'm on the edge of my seat.

923
00:42:31.679 --> 00:42:36.480
The term originated in the Navy as an allocated period

924
00:42:36.480 --> 00:42:40.760
of time where sailors engaged in various forms of athletics

925
00:42:41.199 --> 00:42:45.320
to boost morale. That's happy hour. Boy, has that deteriorated?

926
00:42:45.440 --> 00:42:47.039
That has changed a lot over the years.

927
00:42:48.119 --> 00:42:49.639
Right down there, right down the toilet.

928
00:42:49.880 --> 00:42:51.519
It depends who you ask, if that's the de seriator

929
00:42:51.599 --> 00:42:51.800
or not.

930
00:42:52.320 --> 00:42:55.400
Hey, Well, one thing I was wondering last week, why

931
00:42:55.679 --> 00:42:58.760
is there any specific reason why the tariffs have really

932
00:42:58.800 --> 00:43:00.920
not showed up yet in CPI? Cause we got CPI

933
00:43:01.039 --> 00:43:04.360
last week, which was good. We got PPI, which was good.

934
00:43:05.079 --> 00:43:08.800
Companies hoarded imported goods. You remember when they were hoarding

935
00:43:08.840 --> 00:43:12.519
goods in March and April ahead of the tariffs. So

936
00:43:12.599 --> 00:43:15.760
that's one of the reasons. Given the time it takes

937
00:43:15.760 --> 00:43:18.199
for charges to make their way through the system, that's

938
00:43:18.400 --> 00:43:22.079
another excuse that I was hearing, and the lack of

939
00:43:22.119 --> 00:43:27.039
pricing power with the economy being good but not being gangbusters.

940
00:43:27.360 --> 00:43:29.119
Yeah, I think I saw the same article. I think

941
00:43:29.159 --> 00:43:31.960
the point they also missed on that is there's a

942
00:43:32.039 --> 00:43:34.760
lag in housing, and we are now in that lag

943
00:43:34.800 --> 00:43:38.320
period that we've been waiting. Housing is the biggest component

944
00:43:38.360 --> 00:43:40.599
of CPI. It's going to weigh it down. Oil too,

945
00:43:40.920 --> 00:43:44.639
until this week was very low, right, So both of

946
00:43:44.679 --> 00:43:48.599
the two biggest components of CPI were deflationary, which was

947
00:43:48.599 --> 00:43:51.119
helping keep that low. We might see that change, like

948
00:43:51.159 --> 00:43:54.320
you said, with companies going through their inventories that they

949
00:43:54.320 --> 00:43:57.320
were hoarding. As well as not oil being higher, we

950
00:43:57.360 --> 00:43:59.079
may potentially see a little bit of an uptick on

951
00:43:59.079 --> 00:44:00.679
the inflation numbers the months to come.

952
00:44:00.960 --> 00:44:03.960
I think we all agree that the oil prices are

953
00:44:04.199 --> 00:44:08.000
probably not going to stay here, don't we.

954
00:44:08.000 --> 00:44:11.119
Well, I mean seventy three seventy four dollars to have

955
00:44:11.199 --> 00:44:12.599
that we have to agree that there's not going to

956
00:44:12.599 --> 00:44:14.280
be any more escalation anymore.

957
00:44:14.320 --> 00:44:16.559
That's a good point. It's the escalation if they take

958
00:44:16.599 --> 00:44:19.400
out a Ram's oil industry. You know, that's that's the

959
00:44:19.440 --> 00:44:22.760
whole nother story. So, but it seems like if this

960
00:44:22.840 --> 00:44:25.960
thing goes down in the perfect world, I guess it

961
00:44:26.760 --> 00:44:29.400
probably doesn't stay in the seventy two to seventy three area.

962
00:44:29.400 --> 00:44:31.360
But Dylan, I think to your point last week, it's

963
00:44:31.360 --> 00:44:33.360
probably going to show up in the pump pretty quickly.

964
00:44:33.880 --> 00:44:35.760
Getting over the seventies. It got there a little quicker

965
00:44:35.800 --> 00:44:36.280
than we thought.

966
00:44:36.400 --> 00:44:38.079
Yeah, you said last week, I don't think it's going

967
00:44:38.119 --> 00:44:40.159
to be there. This gets over seventy, Well, guess what

968
00:44:40.320 --> 00:44:40.639
it did.

969
00:44:40.960 --> 00:44:42.760
Yeah, I heard Todd saying is weekly up that he

970
00:44:42.760 --> 00:44:44.880
doesn't puts it on Facebook gets gas?

971
00:44:44.960 --> 00:44:46.639
Why you can't? Why you can because it's going to

972
00:44:46.719 --> 00:44:48.159
go up in the next week. And I agree.

973
00:44:48.199 --> 00:44:49.559
So I filled up Friday morning.

974
00:44:49.719 --> 00:44:51.159
I gotta go fill up this weekend.

975
00:44:51.280 --> 00:44:54.400
It doesn't happen that quick, but yeah, by probably Tuesday,

976
00:44:54.440 --> 00:44:56.159
we're all going to see a little bit of an entry.

977
00:44:56.320 --> 00:44:56.880
It was pretty low.

978
00:44:56.920 --> 00:44:59.320
I mean I saw gas anywhere from two eighty five

979
00:44:59.360 --> 00:45:02.000
to two ninety five. I've coming up first Avenue from

980
00:45:02.480 --> 00:45:05.840
Camp from Broadway, and it's probably it'll probably get over

981
00:45:05.880 --> 00:45:08.840
three again, but I don't see it huge jump.

982
00:45:09.440 --> 00:45:11.400
It'll be interesting to watch because we know that they

983
00:45:12.480 --> 00:45:14.559
they jump it as quickly as they can. It goes

984
00:45:14.599 --> 00:45:16.559
up much quicker than it comes down. If you know

985
00:45:16.599 --> 00:45:20.039
that for a fact, Yes, yes, yes, and yeah, I

986
00:45:20.039 --> 00:45:21.400
won't know. I'll have to I guess I'll have to

987
00:45:21.400 --> 00:45:25.199
watch for the signs and stuff because I don't buy gas. Yeah, sorry, yeah,

988
00:45:26.440 --> 00:45:29.679
you know, it is what it is. Okay, some people, Hey,

989
00:45:30.079 --> 00:45:33.760
the ends the major indecees. When do you I got

990
00:45:33.760 --> 00:45:36.119
this from our client Mike. We were talking about this

991
00:45:36.199 --> 00:45:42.119
last week. The Dow was formulated in eighteen ninety six.

992
00:45:42.239 --> 00:45:43.880
Yeah, one hundred and twenty nine years old.

993
00:45:43.719 --> 00:45:47.840
Eighteen ninety six, the Dow Jones Industrial Average, S and

994
00:45:47.880 --> 00:45:50.000
P five hundred. You say, well, what's the S and

995
00:45:50.039 --> 00:45:52.239
P done over the last hundred years, Well, it's only

996
00:45:52.280 --> 00:45:54.400
been around since nineteen fifty seven, so I don't know.

997
00:45:55.079 --> 00:45:57.599
The S and P was formulated in nineteen fifty seven.

998
00:45:57.880 --> 00:46:02.440
The tech heavy Nasdaq one hundred, nineteen eighty five. I

999
00:46:02.480 --> 00:46:05.000
was actually in the business for a few years without

1000
00:46:05.039 --> 00:46:10.480
a Nasdaq one hundred. What about without the Nasdaq, there

1001
00:46:10.519 --> 00:46:14.400
was no NASDAK. Yeah, so NAZDAK one hundred came before

1002
00:46:14.480 --> 00:46:17.400
Nasdaq as well. The NAZAK one hundred is one hundred biggest,

1003
00:46:17.440 --> 00:46:20.079
so it doesn't that there would be a Nasdaq.

1004
00:46:20.480 --> 00:46:22.760
We got to look at it when the Nasdaq exchange was.

1005
00:46:23.119 --> 00:46:26.039
I'm thinking before that, then the Nasdaq one hundred would

1006
00:46:26.079 --> 00:46:30.360
have been put together by some opportunistic ETF company looking

1007
00:46:30.400 --> 00:46:34.559
to looking to get people into their ETF right after

1008
00:46:34.639 --> 00:46:38.360
the after the Nasdaq was formulas. I'm guessing the Nasdaq

1009
00:46:39.159 --> 00:46:44.840
pre predates that Dylan mentioned in the first segment about Oracle,

1010
00:46:44.920 --> 00:46:47.679
the stock just been on fire. They came out ten

1011
00:46:47.719 --> 00:46:52.159
percent jump on Thursday on earning another six percent on

1012
00:46:52.239 --> 00:46:55.159
Friday to a new all time high revenue and net

1013
00:46:55.159 --> 00:46:59.159
income above expectations. That's a stock that you could have

1014
00:46:59.159 --> 00:47:01.480
bought a lot cheaper for a long time. Why'd you

1015
00:47:01.480 --> 00:47:02.039
come up with time?

1016
00:47:02.199 --> 00:47:05.480
Nasdaq market launched in nineteen seventy one, You are correct,

1017
00:47:05.519 --> 00:47:07.800
Nasdaq one hundred came out in nineteen eighty five.

1018
00:47:10.360 --> 00:47:12.760
Probably the ETF thing that it used to be given

1019
00:47:12.760 --> 00:47:16.280
an investment trust, not ETF. Yeah, U TS Yeah, U

1020
00:47:16.440 --> 00:47:19.119
t U T were very popular and then around like.

1021
00:47:19.079 --> 00:47:20.960
The twenty tens, that's when the ets. We should talk

1022
00:47:20.960 --> 00:47:22.599
about that on the next sing.

1023
00:47:22.360 --> 00:47:24.519
Back after this break with the second half of The

1024
00:47:24.519 --> 00:47:26.119
Money Matters Show, and we'll talk about that.

1025
00:47:27.679 --> 00:47:30.599
Welcome back to the second hour The Money That Matters Show.

1026
00:47:30.760 --> 00:47:33.000
I'm Dylan Greenberg. I'm here with Dave Sherwood's the bash

1027
00:47:33.079 --> 00:47:35.599
In Borsini and Todd Glick and this is a Happy

1028
00:47:35.639 --> 00:47:39.559
Father's Day edition. Happy Father's Day, Dave, Happy Father's Day

1029
00:47:39.559 --> 00:47:42.159
to my dad, who's on vacation still, which I'm going

1030
00:47:42.199 --> 00:47:43.519
to go meet him in a couple of weeks. But

1031
00:47:44.239 --> 00:47:47.599
we're we're all grateful for our dads. Always enjoy I

1032
00:47:47.639 --> 00:47:49.679
got a lot of great memories with him throughout the time.

1033
00:47:49.840 --> 00:47:51.639
One of the best things we're doing right now, and

1034
00:47:51.679 --> 00:47:53.079
I don't think he's even gonna listen to this show,

1035
00:47:53.119 --> 00:47:54.519
but one of the best things we do right now

1036
00:47:54.719 --> 00:47:58.599
is coach together at Tucson HI. We both run the offense.

1037
00:47:58.639 --> 00:48:02.000
It's a lot of fun. It's a lot of being together,

1038
00:48:02.199 --> 00:48:05.679
that's for sure. Go from work to practice, to game

1039
00:48:05.719 --> 00:48:08.800
planning on the weekends, the games to everything during the fall.

1040
00:48:08.880 --> 00:48:11.320
We spend about twenty four to seven together and that's

1041
00:48:11.360 --> 00:48:13.239
in then if we golf on Sunday mornings too, we

1042
00:48:13.280 --> 00:48:14.400
spend even more time together.

1043
00:48:14.960 --> 00:48:15.440
It's great.

1044
00:48:15.599 --> 00:48:18.320
I think most fathers fathers would agree with me that

1045
00:48:18.360 --> 00:48:21.800
it's the best job I ever had. Happy to you

1046
00:48:21.840 --> 00:48:23.519
do it doing you got memory of the market?

1047
00:48:23.599 --> 00:48:25.079
Yeah, for those of you just tuning in, the Dow

1048
00:48:25.199 --> 00:48:27.320
was down one point three percent last week, The SMP

1049
00:48:27.440 --> 00:48:30.079
five hundred was down point four percent, the NASDAK was

1050
00:48:30.079 --> 00:48:32.440
down point six percent, Russell two thousand was down one

1051
00:48:32.480 --> 00:48:34.800
point four percent, and the equal Way to SMP was

1052
00:48:34.840 --> 00:48:38.320
down point eight percent. That primarily happened on Friday due

1053
00:48:38.360 --> 00:48:41.840
to the Israeli attacks on I Ran I Ran retaliating

1054
00:48:41.920 --> 00:48:46.400
all that escalation and what uncertainty comes ahead and all that,

1055
00:48:46.480 --> 00:48:48.000
and you don't really know what's going to go on

1056
00:48:48.280 --> 00:48:50.400
right now at the recording. This is on Sunday. We're

1057
00:48:50.440 --> 00:48:52.320
recording this on Friday, so I'm sure there's going to

1058
00:48:52.360 --> 00:48:55.679
be a lot more uncovered in the next forty eight

1059
00:48:55.719 --> 00:48:58.639
hours that we're gonna wait. And you see a sell

1060
00:48:58.719 --> 00:49:02.400
off on Fridays usually stuff like this because investors would

1061
00:49:02.440 --> 00:49:04.599
rather have money on the side with the uncertainty of

1062
00:49:04.599 --> 00:49:06.239
what's going to go on during the weekend, and then

1063
00:49:06.239 --> 00:49:08.039
they'll get back to it on Monday when we train.

1064
00:49:08.599 --> 00:49:10.000
We do have a weird trading week.

1065
00:49:10.119 --> 00:49:13.880
Next week we have Thursday is closed because of Juneteenth,

1066
00:49:14.039 --> 00:49:15.480
so you got really four days worth of it.

1067
00:49:16.599 --> 00:49:18.519
It's gonna be gonna be very interesting to watch and

1068
00:49:18.559 --> 00:49:22.880
see how this Iran Israeli thinks sources out. We talked

1069
00:49:22.920 --> 00:49:26.440
in the first hour about for twenty years the world's

1070
00:49:26.440 --> 00:49:29.280
been trying to figure out how to stop Iran from

1071
00:49:29.360 --> 00:49:31.760
getting a nuclear weapon in Israel said, I think we

1072
00:49:31.840 --> 00:49:35.320
have an idea. So there you go. This is Israel,

1073
00:49:35.400 --> 00:49:37.960
and Israel has a believe they have a window, and

1074
00:49:38.000 --> 00:49:42.840
I think they do. Where Iran is weak economically, their

1075
00:49:42.920 --> 00:49:48.440
currencies in collapse, they're almost out of military weapons, they're

1076
00:49:48.679 --> 00:49:52.559
unrest in the streets, it's probably a pretty good time

1077
00:49:52.599 --> 00:49:54.480
to try to cut off the head of the snake

1078
00:49:54.519 --> 00:49:56.679
and see if we can get to get them to

1079
00:49:57.800 --> 00:49:59.760
come to the bargaining table and live more like the

1080
00:49:59.760 --> 00:50:05.360
rest to us live again. We'll see what happens. Probably

1081
00:50:05.480 --> 00:50:07.960
probably doesn't become a big deal out Sebastian. It probably

1082
00:50:07.960 --> 00:50:09.920
doesn't become a big deal as long as it if

1083
00:50:09.960 --> 00:50:13.360
it morphs into a Russian Ukraine kind of thing, you know,

1084
00:50:13.920 --> 00:50:16.159
where we just don't even pay attention to it anymore.

1085
00:50:16.360 --> 00:50:21.199
That's possible as long as it doesn't expand regionally, As

1086
00:50:21.239 --> 00:50:24.320
long as it stays between Israel and Iran back and forth.

1087
00:50:25.920 --> 00:50:29.880
I think the market can digest it. But there is

1088
00:50:29.920 --> 00:50:32.800
that uncertainty where you just don't know. These are not

1089
00:50:34.280 --> 00:50:37.639
some of the sharpest knives in the drawer run in Iran, okay,

1090
00:50:39.159 --> 00:50:41.559
because otherwise they would have figured out that there are

1091
00:50:41.599 --> 00:50:42.480
no match for Isra.

1092
00:50:42.559 --> 00:50:43.679
There's no reason they would have.

1093
00:50:43.679 --> 00:50:47.360
Quit poken the bear. Yeah something, yeah, I got.

1094
00:50:47.440 --> 00:50:49.599
I had a question from clients this week actually, and

1095
00:50:50.480 --> 00:50:53.480
they went under portal because their O'Reilly shares were splits

1096
00:50:53.519 --> 00:50:56.239
fifteen for one, right, and he was asking me why

1097
00:50:56.239 --> 00:50:59.159
doesn't the charts show the old price. So essentially a

1098
00:50:59.239 --> 00:51:03.559
stock what is the stock? Split for one is increases

1099
00:51:03.559 --> 00:51:06.400
a number of shares while reducing the share price proportionally.

1100
00:51:06.519 --> 00:51:08.400
An example of this would be a two for one

1101
00:51:08.400 --> 00:51:10.599
split doubles the number of shares and haves a price.

1102
00:51:10.639 --> 00:51:12.679
If you had one hundred shares at one hundred dollars each,

1103
00:51:13.199 --> 00:51:15.480
after the splits, you would have two hundred shares at

1104
00:51:15.519 --> 00:51:19.039
fifty dollars a piece, but your total value is the same.

1105
00:51:19.559 --> 00:51:22.039
Companies would often do this to make their shares more

1106
00:51:22.079 --> 00:51:25.119
affordable and liquid, often after a strong price growth. So

1107
00:51:25.239 --> 00:51:28.039
for O'Reilly's example, I think that are trading around fourteen

1108
00:51:28.119 --> 00:51:31.320
hundred dollars a share in order to attract more investors.

1109
00:51:31.400 --> 00:51:33.880
Let's make it fifteen for one. Let's split it down

1110
00:51:33.880 --> 00:51:36.440
to ninety, right, bring some more other people in that

1111
00:51:36.480 --> 00:51:40.039
typically wouldn't have bought. Why wouldn't my chart or why

1112
00:51:40.039 --> 00:51:44.920
wouldn't my interface show this to me? Most modern charting

1113
00:51:44.920 --> 00:51:49.199
platforms adjust historical prices for splits automatically to reflect the

1114
00:51:49.199 --> 00:51:52.880
split adjusted price. This creates the smooth, continuous charts and

1115
00:51:53.039 --> 00:51:56.880
prevents the misleading price drop that looks like crashes. That

1116
00:51:57.000 --> 00:51:58.360
was kind of the biggest thing that I wanted to

1117
00:51:58.400 --> 00:52:00.760
point out is if you know you're looking at a

1118
00:52:00.840 --> 00:52:03.480
chart that drops from fifteen hundred dollars down to ninety,

1119
00:52:03.519 --> 00:52:05.719
of course you're going to think maybe it's a buying opportunity.

1120
00:52:05.880 --> 00:52:09.840
O'Reilly's a great company, But to think that it will

1121
00:52:09.880 --> 00:52:13.800
reach that fifteen hundred dollars price starget again maybe unreasonable

1122
00:52:13.840 --> 00:52:16.719
because of how many shares are now on the open markets,

1123
00:52:16.760 --> 00:52:19.519
that market cap would grow dramatically at that point.

1124
00:52:19.920 --> 00:52:21.840
Well, so you have to compare apples with apples. I mean,

1125
00:52:21.880 --> 00:52:24.039
it makes correct makes if you're looking at the today's

1126
00:52:24.079 --> 00:52:27.159
price versus ten years ago, right, you can't be looking

1127
00:52:27.199 --> 00:52:31.599
at it not adjusted for the split, right, exactly, completely meaningless.

1128
00:52:32.000 --> 00:52:34.719
So that's the housekeeping there also.

1129
00:52:34.559 --> 00:52:36.679
Some of the cool thing about that that me and

1130
00:52:36.719 --> 00:52:39.960
Sebastian were looking at With Tesla, they have an average

1131
00:52:40.039 --> 00:52:43.239
volume thirty days of one hundred and fourteen million.

1132
00:52:42.920 --> 00:52:46.079
Shares shares traded today, shares traded a day.

1133
00:52:46.239 --> 00:52:49.719
Then you look at Netflix two million, and we're like,

1134
00:52:49.800 --> 00:52:51.920
what the heck I mean? Then we started looking at

1135
00:52:51.960 --> 00:52:52.639
Meta and it was.

1136
00:52:52.599 --> 00:52:56.320
Like, what was it around Netflix six million?

1137
00:52:56.400 --> 00:52:58.159
And like, what's the difference, I mean, they're all max

1138
00:52:58.159 --> 00:53:03.280
seven's right. Well, you know, Tesla has split before, I

1139
00:53:03.320 --> 00:53:06.599
think twice, at least Apple has split before, definitely at

1140
00:53:06.639 --> 00:53:09.320
least twice, maybe three times. So the companies that have split,

1141
00:53:09.400 --> 00:53:12.639
there's more shares out there to be traded, right, and

1142
00:53:12.719 --> 00:53:16.039
so that's one of the reasons why they just have

1143
00:53:16.079 --> 00:53:18.679
a higher Obviously, Tesla's just a trader's paradise. So that's

1144
00:53:18.719 --> 00:53:21.519
also why there's so many shares that are traded.

1145
00:53:21.280 --> 00:53:23.920
And that leads to a tighter spread within the company.

1146
00:53:24.159 --> 00:53:28.440
You know, more shares, more volume and price discussed.

1147
00:53:28.440 --> 00:53:29.920
Most people don't even know what a spread is.

1148
00:53:29.960 --> 00:53:30.039
Like.

1149
00:53:30.079 --> 00:53:33.360
There's a bid and an ask, which means buy and sell.

1150
00:53:33.440 --> 00:53:35.960
So if I'm trying to sell something, I'm not going

1151
00:53:36.000 --> 00:53:37.480
to be selling at the same price that I'm going

1152
00:53:37.519 --> 00:53:40.280
to be trying to buy something at. And the less

1153
00:53:40.440 --> 00:53:43.440
amount of people in a market to buy or sell

1154
00:53:43.599 --> 00:53:46.800
said product or asset, the bigger a spread's going to

1155
00:53:46.880 --> 00:53:50.360
be because the more and more people in a marketplace

1156
00:53:50.719 --> 00:53:54.960
can actually pinpoint a price, and then there's not going

1157
00:53:55.039 --> 00:53:56.239
to be as big of a spread.

1158
00:53:56.440 --> 00:53:58.519
That was just typical of an auction and the New

1159
00:53:58.559 --> 00:54:01.800
yorktock exchanges and auction an exchange, So you're.

1160
00:54:01.639 --> 00:54:03.760
Going to have a bit in an ask public mark.

1161
00:54:04.159 --> 00:54:07.519
Very typical, very typical. Speaking of Tesla, they opened five

1162
00:54:07.559 --> 00:54:11.039
percent lower on Monday. Baard downgraded the stock to hold

1163
00:54:11.039 --> 00:54:15.360
from buy. Bart says that must comments on Robotaxis a

1164
00:54:15.440 --> 00:54:18.239
little bit too optimistic in their opinion, and that his

1165
00:54:18.360 --> 00:54:23.199
relationship with Trump is considerable uncertainty. We've expressed our doubts

1166
00:54:23.239 --> 00:54:25.679
about the ROBOTAXI on this show, But the stock did

1167
00:54:25.719 --> 00:54:28.800
bounce right back close four percent higher on Monday after

1168
00:54:28.840 --> 00:54:32.320
opening five percent lower than five percent higher on Tuesday

1169
00:54:33.360 --> 00:54:35.920
after Trump and Musk seem to hand each other olive

1170
00:54:35.960 --> 00:54:38.119
branches and I don't know if you young people even

1171
00:54:38.119 --> 00:54:41.440
know what an olive branch is. It's a it's you know,

1172
00:54:41.599 --> 00:54:45.000
you got a tad. Okay, the listeners know whole what

1173
00:54:45.079 --> 00:54:48.519
olive branches are. They branches they started making. They started

1174
00:54:48.559 --> 00:54:53.000
making making nice nicet East everybody else. And Trump posted

1175
00:54:53.039 --> 00:54:56.119
something on tweet and Twitter and Musk put a heart

1176
00:54:56.159 --> 00:54:56.440
on it.

1177
00:54:56.480 --> 00:54:59.519
You know, I must say, you know, probably going to

1178
00:54:59.559 --> 00:54:59.960
be okay.

1179
00:55:00.079 --> 00:55:02.679
They're playing with us. Man, They're just they crazy.

1180
00:55:03.000 --> 00:55:06.719
And I saw a great little little documentary I guess

1181
00:55:06.760 --> 00:55:08.400
you can call it that Bloomberg came out with. It

1182
00:55:08.480 --> 00:55:11.280
was like a forty seven minute piece on YouTube about

1183
00:55:11.280 --> 00:55:14.679
the Stargate project that they're doing Albaline, Texas. It's a

1184
00:55:14.679 --> 00:55:17.519
real thing. You know, we talked heard about the Stargate yea,

1185
00:55:17.800 --> 00:55:21.719
what is this thing? Five hundred billion dollars like promise

1186
00:55:21.800 --> 00:55:25.519
for what what does it do? Well? Do you know

1187
00:55:25.559 --> 00:55:27.119
about data center.

1188
00:55:26.880 --> 00:55:30.239
Alley Data Center Alle No, we've talked about it on.

1189
00:55:30.159 --> 00:55:33.119
The show before, but it's a place in Virginia where

1190
00:55:33.719 --> 00:55:37.360
all of pretty much ninety percent of the world's Internet

1191
00:55:37.400 --> 00:55:40.519
traffic goes through. It gets routed through there, and it's

1192
00:55:40.559 --> 00:55:44.199
a place of huge data centers filled with CPUs that

1193
00:55:44.280 --> 00:55:48.440
run our internet infrastructure. Why was it that place determined? Well,

1194
00:55:48.440 --> 00:55:51.639
it's very close to the CIA and DARPA, the people

1195
00:55:51.639 --> 00:55:56.079
who actually created the first Internet, and obviously with the surveillance,

1196
00:55:56.440 --> 00:55:58.239
you know, you kind of need to be close through that,

1197
00:55:58.400 --> 00:56:02.880
So that's why they chose that region. Now, with this

1198
00:56:02.920 --> 00:56:05.639
new project, they have to do pretty much Data Center

1199
00:56:05.679 --> 00:56:09.280
Alley two point zero, but instead of CPUs, they're using GPUs,

1200
00:56:09.719 --> 00:56:12.760
and that's the thing that NA Video creates. AMD creates

1201
00:56:13.159 --> 00:56:18.519
these graphic processing units. AI runs on these data centers

1202
00:56:18.519 --> 00:56:22.599
that are predominantly run on these GPUs. They're not the

1203
00:56:22.599 --> 00:56:24.360
only thing that they're run on. They're also run on

1204
00:56:24.400 --> 00:56:27.880
A six. This is another type of chip, and a

1205
00:56:28.000 --> 00:56:32.119
six are actually what run the bitcoin mining computer and

1206
00:56:32.159 --> 00:56:36.159
it's actually also it's again they solve really complex mauth algorithm,

1207
00:56:36.280 --> 00:56:37.960
so you can see how it could kind of be

1208
00:56:38.079 --> 00:56:42.559
used for AI over time. There's two different articles that

1209
00:56:42.599 --> 00:56:45.840
I read from a Meta AI specialist and a Microsoft

1210
00:56:45.920 --> 00:56:48.760
AI specialist that says we will start to use more

1211
00:56:48.800 --> 00:56:52.280
A six in comparison to the GPUs. So right now

1212
00:56:52.320 --> 00:56:54.440
the mix for one of them said it's like ninety ten.

1213
00:56:54.519 --> 00:56:57.599
One said it's eighty twenty in favor of GPUs being

1214
00:56:57.679 --> 00:57:00.800
used right now. One said one could potentially go to

1215
00:57:00.840 --> 00:57:03.559
sixty forty GPUs versus A six. One said no, it

1216
00:57:03.559 --> 00:57:05.840
probably won't ever get above more than twenty percent A

1217
00:57:05.920 --> 00:57:08.480
six needing to be used, but there is going to

1218
00:57:08.480 --> 00:57:11.119
be a shift. So you're looking for some of the

1219
00:57:11.159 --> 00:57:14.199
companies that specialize not only in GPUs, but A six

1220
00:57:14.519 --> 00:57:17.039
is going to be an interesting way to continue to

1221
00:57:17.039 --> 00:57:20.760
play this AI because this whole thing is vastly changing

1222
00:57:21.159 --> 00:57:24.679
and you have to stay up with the developments because

1223
00:57:24.719 --> 00:57:26.800
AI is not something that's just growing at a log

1224
00:57:26.840 --> 00:57:30.039
marinthic pace. It's exponential, which means it's going to grow

1225
00:57:30.119 --> 00:57:32.519
on top of its growth rate. It's something that we

1226
00:57:32.559 --> 00:57:34.360
can't even imagine. It's why we have such a hard

1227
00:57:34.360 --> 00:57:38.519
time understanding exponential growth compounding. Sure, so there is some

1228
00:57:38.559 --> 00:57:41.519
really cool ideas that come with this. And I was

1229
00:57:41.519 --> 00:57:44.000
just kind of talking about the fun facts. Albolene, Texas

1230
00:57:44.039 --> 00:57:47.840
a very small place. It's in the west side of Texas,

1231
00:57:48.199 --> 00:57:49.920
and the reason they were chose is they have very

1232
00:57:49.960 --> 00:57:53.639
cheap energy. They have a whole bunch of wind mills,

1233
00:57:53.719 --> 00:57:56.719
not wind mills, but turbines wind turbines because it's very

1234
00:57:56.719 --> 00:58:00.320
windy there and they're not used. It's actually a place

1235
00:58:00.360 --> 00:58:02.800
that they don't. They have so much abundant energy that

1236
00:58:02.960 --> 00:58:05.599
they're dying for demand, so it was a perfect place

1237
00:58:05.639 --> 00:58:08.559
to use this data center. On top of that, they're

1238
00:58:08.679 --> 00:58:11.679
using a cooling system in the data center that is

1239
00:58:11.719 --> 00:58:13.519
a closed loop system, so they only have to put

1240
00:58:13.559 --> 00:58:15.800
one million gallons in it once. They don't need a

1241
00:58:15.840 --> 00:58:19.519
constant supply of water, which obviously is an environmental nightmare

1242
00:58:19.559 --> 00:58:21.320
if you have to. You have to keep from much

1243
00:58:21.519 --> 00:58:24.360
water somewhere, and then people are complaining about you draining

1244
00:58:24.440 --> 00:58:27.199
up the rivers or lakes or whatever, and then they're

1245
00:58:27.199 --> 00:58:29.920
shutting down AI progress. Because that's one of the big

1246
00:58:30.000 --> 00:58:33.199
concerns about going into this AI revolution was what is

1247
00:58:33.239 --> 00:58:35.920
going to be the regulation, right, are we able to

1248
00:58:35.920 --> 00:58:37.840
really grow AI the way they want to? And if

1249
00:58:37.840 --> 00:58:39.599
we can, well, then we're going to have a lot

1250
00:58:39.599 --> 00:58:41.360
of great growth and a lot of great profits that

1251
00:58:41.400 --> 00:58:43.719
are going to come up with it. With it, well,

1252
00:58:43.760 --> 00:58:46.199
we are seeing that the president and this administration are

1253
00:58:46.480 --> 00:58:49.519
super antiregulation. They want to speed up everything. They want

1254
00:58:49.519 --> 00:58:51.719
this thing to start running in twenty twenty six, which

1255
00:58:51.760 --> 00:58:54.000
would be the fastest data center creation in the history

1256
00:58:54.000 --> 00:58:56.880
of the world. That happens, they're running twenty four to seven,

1257
00:58:57.000 --> 00:59:01.360
one hundred and eighty seven Caterpillar, those things that pick

1258
00:59:01.440 --> 00:59:04.039
up the dirt, one hundred eighty seven, working around the clock.

1259
00:59:04.039 --> 00:59:08.119
They're moving dirt all over the place. One gigawatt factory

1260
00:59:08.119 --> 00:59:11.119
and people don't even I didn't understand how big gigawap means.

1261
00:59:11.239 --> 00:59:14.480
A gigawa, a gigle way is the same energy you

1262
00:59:14.480 --> 00:59:17.280
would need to basically supply all Tucson. I mean the

1263
00:59:17.599 --> 00:59:20.360
energy that you need to produce a gigaway. And you

1264
00:59:20.400 --> 00:59:23.000
know why we need this is because we say please

1265
00:59:23.079 --> 00:59:27.960
to check please see, we say thank you every single

1266
00:59:28.000 --> 00:59:30.679
time we throw a prompt into that thing. It's requiring

1267
00:59:30.679 --> 00:59:32.800
so much energy. And I showed you one of the

1268
00:59:32.800 --> 00:59:34.639
things that I found out with AI this week of

1269
00:59:34.960 --> 00:59:39.039
video creation with Google and Google's video creation and if

1270
00:59:39.079 --> 00:59:40.800
you guys can go play with it, It's one of

1271
00:59:40.880 --> 00:59:43.719
the most impressive things I've ever seen. It's called vo

1272
00:59:43.920 --> 00:59:48.199
veo and the videos. This thing is creating and the

1273
00:59:48.239 --> 00:59:49.800
best way to do it. And this is what I

1274
00:59:49.880 --> 00:59:52.440
learned was Sebastian playing with it. You have to use

1275
00:59:52.519 --> 00:59:55.480
AI to create the prompt that you throw into the

1276
00:59:55.519 --> 00:59:57.119
AI video gender.

1277
00:59:57.039 --> 01:00:00.000
Why because AI can make better prompts than you.

1278
01:00:00.440 --> 01:00:02.880
So you essentially use AI like, say, I'm on chatty

1279
01:00:02.880 --> 01:00:04.760
b GM, make me a prompt that makes me a

1280
01:00:04.840 --> 01:00:07.840
video of a chihuahua dancing in a cucumber suit in

1281
01:00:07.880 --> 01:00:10.239
the middle of my kitchen. Throw that at the chatty

1282
01:00:10.239 --> 01:00:13.000
bt It will create the perfect prompt to make that video.

1283
01:00:13.079 --> 01:00:15.760
You copy paste that, put it into Google Video, and

1284
01:00:15.960 --> 01:00:19.039
it creates a project that is so good that you know,

1285
01:00:19.119 --> 01:00:21.679
Hollywood's out of business in three years. It's not even close.

1286
01:00:21.840 --> 01:00:25.559
They created a Pixar thing that looked perfect. Yeah, I

1287
01:00:25.559 --> 01:00:27.480
mean it looked like Pixar created it and it was

1288
01:00:27.480 --> 01:00:28.360
created in two minutes.

1289
01:00:28.400 --> 01:00:31.400
It's funny how difference it is, like how difference the

1290
01:00:31.519 --> 01:00:34.119
video is when you make the prompt and when AI

1291
01:00:34.199 --> 01:00:35.800
makes the prompts. Because I could try to make that

1292
01:00:35.840 --> 01:00:38.519
same prompts Pixar prompt that Todd's talking about, and it's

1293
01:00:38.519 --> 01:00:40.079
going to come up with a video that looks like

1294
01:00:40.159 --> 01:00:42.400
I maybe filmed in my backyard. It looks horrible. It

1295
01:00:42.400 --> 01:00:43.079
didn't work out.

1296
01:00:43.239 --> 01:00:46.039
Wait wait, wait, what are you talking about prompts? How

1297
01:00:46.079 --> 01:00:47.280
does AI make a prompt?

1298
01:00:47.440 --> 01:00:49.280
Think about a prompt is like a Google search? A

1299
01:00:49.320 --> 01:00:50.840
Google search, Like when I'm putting.

1300
01:00:50.599 --> 01:00:53.880
A type it in right, right, and you're saying city,

1301
01:00:53.960 --> 01:00:55.760
you using voice or what what is?

1302
01:00:55.920 --> 01:00:58.880
Instead of me telling the description of the video that

1303
01:00:58.920 --> 01:01:02.320
I want, I tell AI make a description.

1304
01:01:01.960 --> 01:01:03.119
Of this I feed.

1305
01:01:03.239 --> 01:01:06.199
So instead of thinking I'm acting, that's all I got

1306
01:01:06.280 --> 01:01:08.159
to think about. Instead of thinking about it, you let

1307
01:01:08.199 --> 01:01:10.039
I do the thinking. AI do the thinking, and then

1308
01:01:10.079 --> 01:01:11.199
you put it in and they do all of the

1309
01:01:11.239 --> 01:01:13.199
rest and it's awesome.

1310
01:01:13.519 --> 01:01:16.920
Same way people like when they send emails, they realize, hey,

1311
01:01:16.920 --> 01:01:19.480
if I just have AI, if I copypaste my email,

1312
01:01:19.480 --> 01:01:21.159
put in AI, it makes a way better email.

1313
01:01:21.400 --> 01:01:25.039
And the practical usage of this is because so for

1314
01:01:25.119 --> 01:01:26.920
now it's been fun and games, right, So what's the

1315
01:01:27.000 --> 01:01:27.800
practical use is.

1316
01:01:27.960 --> 01:01:30.000
Usually how it starts. It starts with fun games.

1317
01:01:30.000 --> 01:01:32.400
Oh it's it's it's not just fun and games. I

1318
01:01:32.440 --> 01:01:35.679
mean this thing once it gets into physical AI. There's

1319
01:01:35.679 --> 01:01:38.679
a couple steps that and we're in generative AI right now,

1320
01:01:38.760 --> 01:01:41.159
so we're just talking to a chat pop right and

1321
01:01:41.199 --> 01:01:44.480
there's plenty of things that we have already accomplished with that.

1322
01:01:44.920 --> 01:01:47.239
But the next step is agent AIS. So these are

1323
01:01:47.280 --> 01:01:49.639
things that are actually able to do things for you,

1324
01:01:50.320 --> 01:01:52.920
and think about it. Instead of just creating a good email,

1325
01:01:52.920 --> 01:01:56.760
they actually send send for you. It can optimize a

1326
01:01:56.800 --> 01:01:59.760
lot of things, do a lot of mundane tasks for

1327
01:01:59.840 --> 01:02:03.960
you in the background. The step after that, they said

1328
01:02:04.360 --> 01:02:08.199
was physical AI, and physical AI is where we have AI.

1329
01:02:08.239 --> 01:02:09.639
And we already have this kind a little bit with

1330
01:02:09.679 --> 01:02:12.199
think about the ray bands with meta how with you

1331
01:02:12.239 --> 01:02:15.119
have that AI interface And they have new metas coming

1332
01:02:15.159 --> 01:02:16.920
out with a new one later this year that has

1333
01:02:17.199 --> 01:02:20.519
holographic features as well. So eventually you're gonna get a

1334
01:02:20.519 --> 01:02:22.280
device that's so fall on your face you're not even

1335
01:02:22.280 --> 01:02:24.519
gonna feel it, but you're gonna be able to interact

1336
01:02:24.519 --> 01:02:27.639
with the physical world and the digital world without even

1337
01:02:27.760 --> 01:02:31.639
knowing really seeing a difference. And that's what AI can

1338
01:02:31.679 --> 01:02:33.840
then think about all that. I mean, I can look

1339
01:02:33.880 --> 01:02:36.400
at a like I said, a Chinese menu, and I

1340
01:02:36.400 --> 01:02:40.480
can read it in English, right, and cause it's it's there,

1341
01:02:40.559 --> 01:02:42.039
no one else can see it, but I can see it.

1342
01:02:42.119 --> 01:02:44.880
Yeah, and those glasses are probably the reason that Apple

1343
01:02:44.960 --> 01:02:48.119
discontinued their VR. I forgot exactly what it was called,

1344
01:02:48.280 --> 01:02:50.320
but they discontinued the Vision pro.

1345
01:02:50.760 --> 01:02:51.599
They sold it.

1346
01:02:51.519 --> 01:02:54.280
It was thirty five hundred dollars a pair, and nobody

1347
01:02:54.320 --> 01:02:56.519
really was too excited about it once they found out

1348
01:02:56.559 --> 01:02:57.440
what the price tag was.

1349
01:02:57.639 --> 01:02:59.719
Apple slowly and quietly just.

1350
01:03:00.239 --> 01:03:02.960
Scrapped it there for about five minutes.

1351
01:03:03.159 --> 01:03:05.039
And that's their idea is just like, Okay, it didn't

1352
01:03:05.079 --> 01:03:07.239
take off like we thought it would. They probably knew

1353
01:03:07.400 --> 01:03:09.400
Metas coming out with these glasses snaps coming out with

1354
01:03:09.400 --> 01:03:12.679
these glasses that are much lighter, much sleeker, much cheaper

1355
01:03:13.400 --> 01:03:15.320
that they're just said, we got to scrap this and

1356
01:03:15.360 --> 01:03:16.800
they got to come up with something now too.

1357
01:03:17.679 --> 01:03:20.199
So we're gonna we're gonna wear glasses that have all

1358
01:03:20.239 --> 01:03:21.920
this computer stuff bounced around.

1359
01:03:22.079 --> 01:03:24.400
Yeah, and I bet eventually it's going to turn into contacts.

1360
01:03:24.519 --> 01:03:26.800
Think about a you know, Meta is obviously not a

1361
01:03:26.800 --> 01:03:29.519
social media company. It is a data company. That's what

1362
01:03:29.559 --> 01:03:32.039
they do. They collect data off of you. Think about

1363
01:03:32.039 --> 01:03:34.039
all the data they're gonna be able to collect off

1364
01:03:34.079 --> 01:03:37.800
of your glasses, you know, just walking around, and they need.

1365
01:03:37.639 --> 01:03:40.039
That data and there actually is kind of like a

1366
01:03:40.159 --> 01:03:42.320
need like some people are like A, I was gonna

1367
01:03:42.320 --> 01:03:44.400
take it all over. And what you realize is there's

1368
01:03:44.400 --> 01:03:48.880
no data on how to change attire, right, There's just

1369
01:03:48.920 --> 01:03:51.840
some but there's no doubt on how to change your plumbing.

1370
01:03:51.840 --> 01:03:55.000
And what I mean by doing that is how your

1371
01:03:55.039 --> 01:03:58.880
hand moves, how you go into a small space and

1372
01:03:59.000 --> 01:04:01.559
unscrew a little bowlt like AI. As much as we're

1373
01:04:01.599 --> 01:04:03.960
going to be able to create robots, it has a

1374
01:04:03.960 --> 01:04:06.159
long while before it's going to be able to know

1375
01:04:06.199 --> 01:04:08.800
that type of stuff because we don't we're not collecting

1376
01:04:08.840 --> 01:04:11.280
data on that right now, so we can only build

1377
01:04:11.320 --> 01:04:14.559
systems that we've collected data for. That's why it's taken

1378
01:04:14.599 --> 01:04:17.280
so long to get autonomous vehicles, because they've been collecting

1379
01:04:17.280 --> 01:04:19.760
that data over the last almost ten years now, and

1380
01:04:19.800 --> 01:04:21.639
they have more and more cars out there collecting more

1381
01:04:21.639 --> 01:04:24.119
and more data. So it's getting better and better, but

1382
01:04:24.280 --> 01:04:27.000
until they hit the certain percentage rate that allows regulation

1383
01:04:27.079 --> 01:04:30.000
to actually make it go public, which we should talk about.

1384
01:04:30.039 --> 01:04:34.039
It's coming up right. Robot taxi June it's the month

1385
01:04:34.079 --> 01:04:37.119
it's supposed to air. I've seen one already on twit

1386
01:04:37.440 --> 01:04:41.079
on x now in Austin, Texas being a pilot.

1387
01:04:42.039 --> 01:04:43.800
And going back to it. I think that's like that

1388
01:04:43.880 --> 01:04:47.719
company the biggest disruptor of twenty twenty five. In the future,

1389
01:04:47.760 --> 01:04:49.599
it's going to be the anderill. And that's because of

1390
01:04:49.639 --> 01:04:52.199
the real time response autonomy that these companies are going

1391
01:04:52.280 --> 01:04:54.719
to be able to have. So, if you think about Pallenteer,

1392
01:04:55.239 --> 01:04:58.719
that company is so good at aggregating all the data

1393
01:04:58.920 --> 01:05:02.840
rights as in, where's a terrorist, what are they doing?

1394
01:05:02.920 --> 01:05:04.599
Where's that burner phone coming from?

1395
01:05:05.400 --> 01:05:05.480
This?

1396
01:05:05.599 --> 01:05:08.000
Androl company is actually gonna be able to act on it.

1397
01:05:08.199 --> 01:05:08.360
Right.

1398
01:05:08.400 --> 01:05:11.320
So when Todd talks about those AI bots or what

1399
01:05:11.440 --> 01:05:14.480
would you call it, the chat boss. No, no, no, not

1400
01:05:14.559 --> 01:05:18.239
the bots. I'm sorry the I can't think of it.

1401
01:05:18.280 --> 01:05:21.800
You're just literally just talking about it. Go on anyway,

1402
01:05:21.800 --> 01:05:25.760
the real time response, not just putting prompts in, it'll

1403
01:05:25.760 --> 01:05:26.840
be able to act for you.

1404
01:05:27.199 --> 01:05:29.280
Yeah, I mean the drone. I mean what he's saying

1405
01:05:29.400 --> 01:05:32.119
is basically what you have with Paleteer is it's an

1406
01:05:32.159 --> 01:05:35.000
FBI agent. It's a CIA agent that can collect all

1407
01:05:35.039 --> 01:05:38.079
this information and put together things and then Audreal is

1408
01:05:38.159 --> 01:05:41.880
actually going to be the drone that takes out the force.

1409
01:05:41.960 --> 01:05:43.679
So you're gonna be able to have all these operations

1410
01:05:43.679 --> 01:05:46.440
without too much human input out human imper that's also

1411
01:05:46.480 --> 01:05:49.119
canna be scary, right, but it's it's going to allow

1412
01:05:49.239 --> 01:05:52.800
so much more scales of efficiency that allow so many

1413
01:05:53.639 --> 01:05:55.519
industries to grow, and then new industries are going to

1414
01:05:55.559 --> 01:05:56.840
be created off of it as well.

1415
01:05:57.320 --> 01:06:00.280
Justin Wong, the founder's CEO of Nvidia, has been on

1416
01:06:00.320 --> 01:06:01.800
top of this. So if you're looking for somebody to

1417
01:06:01.800 --> 01:06:04.079
try and read into, he is somebody. He was talking

1418
01:06:04.079 --> 01:06:06.880
about it last week at a conference about the Asian AI,

1419
01:06:07.000 --> 01:06:09.000
the physical AI, the steps to it, and he has

1420
01:06:09.039 --> 01:06:11.920
called every other step of AI before. So if you're

1421
01:06:11.960 --> 01:06:13.519
looking for somebody to try and look into and tell

1422
01:06:13.599 --> 01:06:16.159
and like what he has and his vision of it all,

1423
01:06:16.400 --> 01:06:19.480
he's a good one to look into. Obviously, they're intertwined

1424
01:06:19.480 --> 01:06:21.480
with it all with their Nvidio chips.

1425
01:06:21.719 --> 01:06:21.880
You know.

1426
01:06:22.039 --> 01:06:27.000
The last step is Dave, super intelligence is that quantum

1427
01:06:28.320 --> 01:06:31.360
m Well, no, it's it's just it's considered godlike intelligence.

1428
01:06:31.360 --> 01:06:34.320
It's where it can start to improve itself. It's where

1429
01:06:34.679 --> 01:06:38.679
it's a theoretical still because right now, AI, and this

1430
01:06:38.760 --> 01:06:40.519
is what Apple came out with their white paper on

1431
01:06:40.880 --> 01:06:43.960
AI is really good at parroting things. It knows all

1432
01:06:44.000 --> 01:06:45.760
of our information that we've ever given it, and it

1433
01:06:45.760 --> 01:06:47.079
knows how to give it back to us in a

1434
01:06:47.079 --> 01:06:49.400
better way almost. But it doesn't necessarily come up with

1435
01:06:49.400 --> 01:06:52.159
its own ideas, you know, can it come up with

1436
01:06:52.199 --> 01:06:54.559
its own ideas? Will it ever be able to? That's

1437
01:06:54.599 --> 01:06:59.199
the question. If it can, it will reach superintelligence. It

1438
01:06:59.280 --> 01:07:01.239
then can createols of thought that we don't even know

1439
01:07:01.280 --> 01:07:02.039
exists right now.

1440
01:07:02.199 --> 01:07:04.800
And that's why there's so much interested in AI stocks

1441
01:07:04.960 --> 01:07:09.480
anything that's involved in AI. That's why you're going down

1442
01:07:09.519 --> 01:07:11.719
the road. And something that's the furthest from AI as

1443
01:07:11.719 --> 01:07:16.280
you can get is merk right, Tell me I'm wrong.

1444
01:07:16.400 --> 01:07:17.840
They probably use AI though.

1445
01:07:17.920 --> 01:07:19.920
I bet they do. But you know the dal component

1446
01:07:19.960 --> 01:07:23.719
that's hire on Monday to get this FDA approved infant

1447
01:07:23.880 --> 01:07:28.519
vaccination for RSV. The approval gives doctors a new treatment

1448
01:07:28.559 --> 01:07:32.639
option for the virus, which causes thousands of deaths amongst

1449
01:07:32.800 --> 01:07:36.719
older Americans and hundreds of deaths amongst infants. It's the

1450
01:07:36.760 --> 01:07:42.440
most common reason for an infant to be hospitalized RSV.

1451
01:07:43.280 --> 01:07:45.360
I recently had a physical. All was good, but my

1452
01:07:45.440 --> 01:07:48.159
doc said he was shocked that I had not had

1453
01:07:48.159 --> 01:07:51.480
the RSV vaccination, which came out a couple of years ago. Right,

1454
01:07:51.800 --> 01:07:57.280
and so I went and got it. Speaking of vaccines,

1455
01:07:57.320 --> 01:08:00.960
on Tuesday, RFK fired all seventeen men versus of the

1456
01:08:01.039 --> 01:08:06.639
Vaccine Advisory Committee, saying he wanted to re establish public confidence.

1457
01:08:07.880 --> 01:08:10.039
I'm not sure how this move is going to make

1458
01:08:10.119 --> 01:08:13.199
us more confident, uh, in the system. If he gets

1459
01:08:13.199 --> 01:08:13.599
I'm more.

1460
01:08:13.480 --> 01:08:15.320
Confident, I was just gonna say, I'm more confidence.

1461
01:08:15.440 --> 01:08:17.680
Are you more confident because the seventeen members of the

1462
01:08:17.720 --> 01:08:19.720
Advisory Committee are no longer there?

1463
01:08:20.000 --> 01:08:22.199
Well, yeah, we're any of you more confidence? Where any

1464
01:08:22.239 --> 01:08:24.319
of them were the ones that required us to take

1465
01:08:24.359 --> 01:08:25.279
the COVID vaccines?

1466
01:08:25.720 --> 01:08:27.680
Nobody required you to take the COVID vaccines.

1467
01:08:27.880 --> 01:08:29.720
Some employers I wanted to go on a cruise or

1468
01:08:29.760 --> 01:08:31.319
on a plane or travel or.

1469
01:08:31.239 --> 01:08:32.920
Some employers did, but no government.

1470
01:08:33.000 --> 01:08:34.640
What about saying it's safe and effective?

1471
01:08:35.000 --> 01:08:35.319
Uh?

1472
01:08:35.359 --> 01:08:38.880
And uh, we don't know. We don't know how many

1473
01:08:38.960 --> 01:08:43.479
lives just saved, if any or if yeah, it know,

1474
01:08:43.479 --> 01:08:45.760
if it's effective or watchn't. But it was trumps vaccine.

1475
01:08:45.800 --> 01:08:50.840
So you don't like it, blame Trump Trumps vaccine. Absolutely,

1476
01:08:50.880 --> 01:08:52.680
he rushed it through, he got it done.

1477
01:08:52.960 --> 01:08:55.079
He was a Biden had nothing to do with that

1478
01:08:55.880 --> 01:08:56.079
of it.

1479
01:08:56.159 --> 01:08:58.039
Biden had nothing to do with a vaccine. That was

1480
01:08:58.079 --> 01:08:58.479
all Trump.

1481
01:08:58.600 --> 01:08:59.000
Interesting.

1482
01:08:59.079 --> 01:09:02.399
Absolutely, I wasn't even president then Trump was, and and

1483
01:09:02.560 --> 01:09:06.920
he he got applauded for getting it through so quickly

1484
01:09:07.279 --> 01:09:09.520
and took a victory lap on it. And in March

1485
01:09:09.560 --> 01:09:13.199
of twenty twenty one, we were all all line enough

1486
01:09:13.239 --> 01:09:16.000
to get those shots and and thank you, I have them,

1487
01:09:16.039 --> 01:09:18.600
thankful to have them. You know, eighty percent of the

1488
01:09:18.640 --> 01:09:21.640
public got them. And if you didn't, that's fine. If

1489
01:09:21.640 --> 01:09:23.800
he didn't then survive, that's fine. A lot of money.

1490
01:09:24.199 --> 01:09:26.399
I had friends. I had friends that died from COVID.

1491
01:09:26.640 --> 01:09:30.079
I had a healthy a six foot two fifty years.

1492
01:09:30.119 --> 01:09:32.199
People died of HEVID that we didn't even die of COVID.

1493
01:09:32.640 --> 01:09:34.520
People died of COVID that didn't even die COVID, and

1494
01:09:34.520 --> 01:09:36.720
they just said it was COVID because know that was

1495
01:09:36.720 --> 01:09:37.159
true too.

1496
01:09:37.239 --> 01:09:41.199
So let's not go down that rabbit hole anyway. Newsmax,

1497
01:09:41.199 --> 01:09:44.119
we warned you about. Newsmax came public three thirty one

1498
01:09:44.119 --> 01:09:47.399
to ten bucks a share, quickly rallied to two sixty five.

1499
01:09:47.439 --> 01:09:50.039
Remember that I went from ten to two sixty five.

1500
01:09:50.319 --> 01:09:52.560
A couple of weeks ago. The stock was around nineteen.

1501
01:09:52.680 --> 01:09:56.720
We warned it. Owners of the stock had filed to

1502
01:09:56.800 --> 01:10:00.239
sell up to fifty percent of the outstanding shares, and

1503
01:10:00.279 --> 01:10:02.640
if you had it, you might not want to have it.

1504
01:10:03.039 --> 01:10:05.000
I finished this week at twelve and a half.

1505
01:10:05.159 --> 01:10:05.479
I don't know.

1506
01:10:05.520 --> 01:10:07.439
I don't follow it in the good news. The good

1507
01:10:07.479 --> 01:10:10.680
news if you own Newsmax, or if you've held it

1508
01:10:10.760 --> 01:10:13.640
through this whole thing, I'm sorry. But if you if

1509
01:10:13.680 --> 01:10:16.760
you're looking at it and you like the company and

1510
01:10:16.800 --> 01:10:18.640
you believe in what the company is doing, it's the

1511
01:10:18.680 --> 01:10:22.720
right wing news, right and if you like what they're doing,

1512
01:10:22.720 --> 01:10:26.319
you believe in what they're doing. The stock is going

1513
01:10:26.359 --> 01:10:29.880
to be added to the small cap Russell Index at

1514
01:10:29.920 --> 01:10:30.760
the end of this month.

1515
01:10:30.880 --> 01:10:33.680
Oh we did we talk about how DJs he was

1516
01:10:33.720 --> 01:10:37.000
going to put bick coin on their balance sheet.

1517
01:10:37.520 --> 01:10:40.760
Yes, well we've talked. I've talked about recently. But uh,

1518
01:10:40.960 --> 01:10:43.119
you know, if you want your stock to pop, just

1519
01:10:43.159 --> 01:10:45.479
go out and say you're buying a coin, putting it

1520
01:10:45.479 --> 01:10:47.840
on the balance sheet instead of holding cash. You're gonna

1521
01:10:47.840 --> 01:10:53.680
hope it coin just it's just such a rush bitcoins

1522
01:10:53.720 --> 01:10:56.760
in its infancy, there's such a rush towards the todd

1523
01:10:57.119 --> 01:11:01.399
there's a limited supply. I don't know. I don't know

1524
01:11:01.439 --> 01:11:05.760
how it doesn't go higher. But if if there's one thing,

1525
01:11:05.760 --> 01:11:08.000
you don't stop it, I own it. Right. If there's

1526
01:11:08.000 --> 01:11:11.199
one thing you'll stop it, that's it. Because nothing I

1527
01:11:11.279 --> 01:11:13.079
do said buy it.

1528
01:11:13.359 --> 01:11:14.199
That's all I need to know.

1529
01:11:14.439 --> 01:11:19.000
Nothing I do for myself has ever worked right as

1530
01:11:19.000 --> 01:11:21.039
which is why most of my money is a treasury.

1531
01:11:21.199 --> 01:11:23.359
Because when it comes to myself, I can't.

1532
01:11:23.439 --> 01:11:26.439
Is that why the government's falling apart? Why because you're

1533
01:11:26.439 --> 01:11:27.239
buying treasuries?

1534
01:11:27.680 --> 01:11:32.399
But there you go, there you go. No, I know myself,

1535
01:11:32.439 --> 01:11:36.319
and I'm a horrible investor. I am a great money manager,

1536
01:11:36.640 --> 01:11:39.760
but horrible investor for myself. A trader, I'm a horrible trainer.

1537
01:11:40.039 --> 01:11:42.720
As our most trader, those traders. Yeah, yeah, we'll be

1538
01:11:42.800 --> 01:11:45.479
back with the last two segments of The Money Matter Show.

1539
01:11:45.479 --> 01:11:48.079
We thank you for joining us on this Sunday morning,

1540
01:11:48.199 --> 01:11:50.039
Father's Day. Happy Father's Day, everybody.

1541
01:11:50.359 --> 01:11:52.159
Welcome back to The Money Matter Show. My name is

1542
01:11:52.199 --> 01:11:54.960
Todd Glick. I'm here with Dylan Greenberg. Bashion Boards Senior

1543
01:11:54.960 --> 01:11:57.720
and David Sherwood. We're talking earlier about the show about

1544
01:11:57.720 --> 01:12:00.279
the old school era of the U I T A

1545
01:12:00.359 --> 01:12:06.199
unit investment trusts, and then we also have the ETFs. Now,

1546
01:12:06.520 --> 01:12:08.199
they kind of got popular in the twenty ten. Some

1547
01:12:08.239 --> 01:12:10.239
people come in our meetings and have no idea what

1548
01:12:10.239 --> 01:12:12.680
ETFs are. Most people know what mutual funds are. They've

1549
01:12:12.680 --> 01:12:16.279
been around really popular since the eighties. ETF's got really

1550
01:12:16.319 --> 01:12:18.800
popular around the twenty tens, and there's reasons for it.

1551
01:12:18.880 --> 01:12:21.479
There's some new tax laws that just bore you to death.

1552
01:12:21.520 --> 01:12:24.399
But let's explain what the difference really is. A mutual

1553
01:12:24.399 --> 01:12:26.840
fund and ETF both think of them as baskets of

1554
01:12:26.960 --> 01:12:30.399
stocks or just purely securities. So we're saying, instead of

1555
01:12:30.399 --> 01:12:33.479
buying just Apple, let's buy one hundred of the best

1556
01:12:33.479 --> 01:12:36.479
technology stocks. I can do that through an ETF or

1557
01:12:36.520 --> 01:12:40.039
a mutual fund, but there's key differences. Normally, an ETF

1558
01:12:40.119 --> 01:12:43.359
is a passive investment fund, so it's not actively traded.

1559
01:12:43.520 --> 01:12:46.079
So it's pretty much saying, hey, we're gonna invest in

1560
01:12:46.119 --> 01:12:48.000
these one hundred companies and we're not gonna mess with

1561
01:12:48.039 --> 01:12:51.039
it too much unless it falls out of this criteria.

1562
01:12:51.279 --> 01:12:54.000
A mutual fund has something called a fund manager, so

1563
01:12:54.039 --> 01:12:57.479
it's actually a team of investment people dictating whether they

1564
01:12:57.520 --> 01:13:01.439
should buy sell their portfolio on a a monthly, yearly basis.

1565
01:13:02.399 --> 01:13:04.800
The way to think about an ETF and why it's

1566
01:13:05.039 --> 01:13:09.279
been more popularly used in the recent decade, is because

1567
01:13:09.319 --> 01:13:13.439
it's cheaper on an average basis. There's less overhead to

1568
01:13:13.479 --> 01:13:17.479
operate in ETF, so the expense ratio of the fund

1569
01:13:17.640 --> 01:13:20.199
is lower. The expense ratio is the percentage that you

1570
01:13:20.239 --> 01:13:24.000
are actually paying to the company each year. So if

1571
01:13:24.039 --> 01:13:26.399
you're up one percent in the fund, but the expense

1572
01:13:26.479 --> 01:13:30.359
ratio is one percent, you're you actually were up two percent,

1573
01:13:30.840 --> 01:13:33.640
but they took the one percent through the year. You're

1574
01:13:33.680 --> 01:13:37.000
only going to be up one percent. Now. The other

1575
01:13:37.079 --> 01:13:40.479
thing about the ETF that makes it nicer is it's

1576
01:13:40.520 --> 01:13:42.920
more flexible. It trades like a stock, so I don't

1577
01:13:42.920 --> 01:13:47.439
have to buy it once a day. Most people realize

1578
01:13:47.479 --> 01:13:50.399
that with mutual funds, you have to buy and then

1579
01:13:50.439 --> 01:13:52.319
it's going to settle the next day and it's just

1580
01:13:52.359 --> 01:13:55.479
gonna it's traded one time a day, right, So ETF

1581
01:13:55.560 --> 01:13:56.760
is just like a stock. You can trade it as

1582
01:13:56.760 --> 01:13:59.079
many times as you want. In and out, and it's

1583
01:13:59.119 --> 01:14:02.359
going to trade as the as the stock does. It's

1584
01:14:02.399 --> 01:14:04.560
the other thing about ETF, it's more tax smart, so

1585
01:14:04.600 --> 01:14:07.199
it's not going to slap you with the surprise capital gains.

1586
01:14:07.640 --> 01:14:10.439
So when a fund manager sells something at a mutual

1587
01:14:10.439 --> 01:14:12.760
fund because he thinks that it's not a good place

1588
01:14:12.760 --> 01:14:14.920
to be, he wants to take his gains now, or say,

1589
01:14:14.960 --> 01:14:16.880
he just has to sell it because there's redemptions of

1590
01:14:16.920 --> 01:14:19.479
the fund, so he has to pay people back. When

1591
01:14:19.520 --> 01:14:23.159
that happens, what occurs is a capital gain. That capital

1592
01:14:23.159 --> 01:14:25.560
gain flows back to the fund holders, which is the

1593
01:14:25.600 --> 01:14:28.520
mutual fund investors. Then all of a sudden, you realize

1594
01:14:28.520 --> 01:14:30.039
that you could be down in a year and still

1595
01:14:30.079 --> 01:14:32.960
get a capital gain, because that's often when fund managers

1596
01:14:33.000 --> 01:14:36.159
are going to get out and re rotate into new positions.

1597
01:14:36.159 --> 01:14:39.640
So you say twenty two exactly, a lot of people

1598
01:14:39.720 --> 01:14:40.199
got slapped.

1599
01:14:40.399 --> 01:14:42.399
Yeah, well the market was down twenty some percent, so

1600
01:14:42.439 --> 01:14:44.479
a lot of there was a lot of restructuring going on.

1601
01:14:44.560 --> 01:14:46.039
At the end of the year. Not only did you

1602
01:14:46.119 --> 01:14:47.960
lose twenty percent of your money, but you got a

1603
01:14:48.000 --> 01:14:49.920
huge capital gain that you had to pay tax on and.

1604
01:14:49.840 --> 01:14:51.680
Your bond's loss. So they're going to get into that.

1605
01:14:51.760 --> 01:14:56.159
But and ets are usually more transparent. You can know

1606
01:14:56.239 --> 01:14:59.119
exactly what's inside of them, and they follow up pretty

1607
01:14:59.319 --> 01:15:01.600
easily fallow criteria like you know what probably it's going

1608
01:15:01.640 --> 01:15:03.199
to happen next as well for what's going to go

1609
01:15:03.199 --> 01:15:05.319
in or what's going to go out. Whereas a mutual

1610
01:15:05.319 --> 01:15:08.520
fund you're talking about people, right, that's very subjectives business.

1611
01:15:08.840 --> 01:15:10.800
You have no idea. You have to trust the fund

1612
01:15:10.840 --> 01:15:13.920
manager and the reputation. So think of in other words,

1613
01:15:14.039 --> 01:15:16.960
and etf is like ordering off the shelf, and mutual

1614
01:15:16.960 --> 01:15:19.000
fund is like ordering off a secret menu with a

1615
01:15:19.039 --> 01:15:19.600
mystery bill.

1616
01:15:19.680 --> 01:15:23.039
At the end of the day, I appreciate it despite

1617
01:15:23.039 --> 01:15:25.319
it me in Father's Day, I got no respect. During

1618
01:15:25.359 --> 01:15:27.239
the break. You're giving me a hard time about saying

1619
01:15:27.279 --> 01:15:31.920
I was a lousey trader but a good money manager.

1620
01:15:31.960 --> 01:15:35.159
I have good instincts on stocks for long term investors.

1621
01:15:35.359 --> 01:15:37.880
For a short term, I'm a short term trader. I'm

1622
01:15:37.880 --> 01:15:40.079
not good at it, but I keep doing it. So

1623
01:15:40.159 --> 01:15:40.560
there you go.

1624
01:15:40.960 --> 01:15:42.640
So not a gambler is what you're saying.

1625
01:15:42.720 --> 01:15:44.359
That's good. I am a gambler, but I'm not a

1626
01:15:44.359 --> 01:15:44.840
good one.

1627
01:15:45.359 --> 01:15:45.760
Okay.

1628
01:15:48.239 --> 01:15:51.239
The little housekeeping thing from last week. Last week, during

1629
01:15:51.239 --> 01:15:54.600
the first hour, we discussed earth minerals in detail. We

1630
01:15:54.720 --> 01:15:58.479
discussed what they are, how they're used, and why they're important,

1631
01:16:00.000 --> 01:16:01.800
and we own quite a bit of detail about rare

1632
01:16:01.840 --> 01:16:05.199
earth minerals. And in the second hour we mentioned them

1633
01:16:05.199 --> 01:16:08.199
again and said we couldn't understand why they were called

1634
01:16:08.399 --> 01:16:11.520
rare earth minerals when in fact they're more common than gold,

1635
01:16:11.520 --> 01:16:15.720
to which one listener responded, he couldn't believe that we

1636
01:16:15.760 --> 01:16:18.039
didn't know what rare earth minerals were when we had

1637
01:16:18.159 --> 01:16:21.000
in the first hour given a very detailed description of

1638
01:16:21.119 --> 01:16:24.800
rare earth minerals. Turns out this term rare earth minerals,

1639
01:16:24.840 --> 01:16:28.119
which is the thing we were questioning ourselves about in

1640
01:16:28.159 --> 01:16:31.880
the second hour last week. It turns out the track after.

1641
01:16:31.680 --> 01:16:34.159
The fifteen minute description of what rare earth men.

1642
01:16:34.159 --> 01:16:38.079
About, fifteen minute segment on rare earth minerals and pretty

1643
01:16:38.159 --> 01:16:39.800
much everything you ever wanted to know, and then some

1644
01:16:40.840 --> 01:16:43.039
which probably said which probably some listeners say, I can't

1645
01:16:43.079 --> 01:16:45.560
believe you guys don't understand rore earth minerals when in

1646
01:16:45.560 --> 01:16:48.800
fact we do. Anyway, that term rare earth minerals goes

1647
01:16:48.840 --> 01:16:52.279
back to the seventeen hundreds when they were first discovered,

1648
01:16:52.279 --> 01:16:55.399
as at that time they were small, hard to isolate

1649
01:16:55.479 --> 01:16:58.279
and were hard to identify with this technology that it

1650
01:16:58.479 --> 01:16:59.520
existed back then.

1651
01:17:00.079 --> 01:17:05.039
So that's for mineral, I got something for you. Nuclear

1652
01:17:05.199 --> 01:17:08.880
is a hot space right now. NLR, u r A,

1653
01:17:09.079 --> 01:17:11.439
pick your pick, man.

1654
01:17:11.720 --> 01:17:11.840
Uh.

1655
01:17:12.039 --> 01:17:14.399
Some of the companies that inside of those ETFs that

1656
01:17:14.439 --> 01:17:19.359
have really been popping off is Oaklow as well as SMR.

1657
01:17:20.159 --> 01:17:24.439
Oaklow has just finalized a deal with the Air Force

1658
01:17:25.199 --> 01:17:26.920
and that's actually been a deal that's been in the

1659
01:17:26.960 --> 01:17:29.439
cards for a while, but they finally actually got it

1660
01:17:29.479 --> 01:17:32.279
to the stage of where they're actually going to start

1661
01:17:32.279 --> 01:17:34.199
doing it. So that's that's I mean, that sucks like

1662
01:17:34.239 --> 01:17:35.199
fifty six bucks now.

1663
01:17:35.399 --> 01:17:36.560
Yeah, I mean they're both up.

1664
01:17:36.680 --> 01:17:38.600
NLR is up thirty percent for the year, u r

1665
01:17:38.640 --> 01:17:40.680
A is up thirty five percent of the for the year.

1666
01:17:40.880 --> 01:17:43.000
And the biggest difference between the two is that the

1667
01:17:43.159 --> 01:17:47.680
u r A ETF follows uranium and minors mainly that's

1668
01:17:47.680 --> 01:17:50.760
our primary goal in what they invest in. NLR follows

1669
01:17:50.880 --> 01:17:55.319
uranium companies, but as well as they follow nuclear like Oaklow,

1670
01:17:55.560 --> 01:17:57.479
like SMR. So that's a little that's how they're a

1671
01:17:57.560 --> 01:17:59.960
little different, and that might be why there's a little different.

1672
01:18:00.159 --> 01:18:02.479
There's a discrepancy in what they have returned this year.

1673
01:18:02.920 --> 01:18:05.000
One's trading at one hundred and five dollars a share,

1674
01:18:05.039 --> 01:18:08.000
which is NLR u urs trading at thirty six dollars

1675
01:18:08.039 --> 01:18:09.720
a share, So it's a little cheaper in that sense

1676
01:18:09.760 --> 01:18:11.560
if you have less money to invest in.

1677
01:18:11.880 --> 01:18:15.479
Ure is a lot more concentrated, concentrated in one security.

1678
01:18:16.000 --> 01:18:18.560
I believe it was Camco right.

1679
01:18:20.479 --> 01:18:24.279
They want to concentrate in NLR. Concentrates in the two sectors,

1680
01:18:24.319 --> 01:18:26.359
the nuclear and the uranium mining.

1681
01:18:26.439 --> 01:18:29.319
People don't know that the uranium is what's going to

1682
01:18:29.319 --> 01:18:32.079
be used for fusion or fission, but one of them

1683
01:18:32.319 --> 01:18:37.800
uses less and because it's more self sustaining. But there

1684
01:18:37.840 --> 01:18:40.079
we have some listeners to have other ideas of energy

1685
01:18:40.079 --> 01:18:42.279
that think there's even better forms of it. So who

1686
01:18:42.319 --> 01:18:44.359
knows if that's even the best. Like right now, I

1687
01:18:44.359 --> 01:18:48.800
feel like OCO is the most cutting edge of what

1688
01:18:48.880 --> 01:18:51.560
we need from an energy point because those small modular

1689
01:18:51.600 --> 01:18:55.279
reactors are something that can really power cities. But you

1690
01:18:55.319 --> 01:18:56.600
know the size of a pickup truck.

1691
01:18:56.680 --> 01:19:00.239
Let's talk about proof of concept. You mentioned OKLO, you

1692
01:19:00.359 --> 01:19:03.239
mentioned power and air Force. This is Ellison Air Force Base,

1693
01:19:03.279 --> 01:19:06.520
which is a remote location in Alaska, and they're going

1694
01:19:06.600 --> 01:19:10.920
to power the entire base with these with these small Uh.

1695
01:19:12.159 --> 01:19:16.640
The award's not finalized yet. Their reactor design has not

1696
01:19:16.680 --> 01:19:20.640
been approved by the NRC, the Nuclear Regulatory Commission. Right,

1697
01:19:20.800 --> 01:19:23.119
no goodness, but it would certainly be proof of concept.

1698
01:19:23.199 --> 01:19:25.800
It would certainly be poight of concept, and the company's

1699
01:19:25.840 --> 01:19:29.199
taking advantage of this. They decided to raise four hundred

1700
01:19:29.239 --> 01:19:33.159
million dollars by selling additional stock. Remember this stock was

1701
01:19:33.239 --> 01:19:35.600
five dollars a share a year ago. Yeah, and now

1702
01:19:35.640 --> 01:19:36.880
it's in the fifties.

1703
01:19:36.479 --> 01:19:39.199
And they don't make money. Let's let's they're.

1704
01:19:39.000 --> 01:19:41.560
In the fifties stuff. I mean, it's it's it's this

1705
01:19:41.600 --> 01:19:42.479
is wild stuff.

1706
01:19:42.880 --> 01:19:45.439
This is wild stuff in general. If you think about

1707
01:19:45.920 --> 01:19:49.279
the industries that are so in their infancy, but there's

1708
01:19:49.359 --> 01:19:52.159
so much potential that you just have to buy another

1709
01:19:52.239 --> 01:19:54.399
space is a quantum If you look at some of

1710
01:19:54.399 --> 01:19:58.840
the stocks QUBT, QB, I mean QBT has there's I mean,

1711
01:19:58.960 --> 01:20:00.920
r gt is is the one that's kind of a lagging.

1712
01:20:00.960 --> 01:20:07.520
But even the quantum defiance ETF, I think it's QTMN

1713
01:20:07.600 --> 01:20:11.840
I forget, Yeah, q qtum is the ETF. I think

1714
01:20:12.439 --> 01:20:14.760
I mean that space is just going nuts and there's

1715
01:20:14.840 --> 01:20:18.520
just no revenue to be seen, but there's just so

1716
01:20:18.640 --> 01:20:20.800
much hype and potential.

1717
01:20:20.960 --> 01:20:24.359
Well, there was a developers conference last week and the

1718
01:20:24.960 --> 01:20:28.880
head of the CEO of Vendidia came out and said

1719
01:20:28.920 --> 01:20:34.119
that the space, the quantum space is reaching an inflection point,

1720
01:20:34.399 --> 01:20:36.840
which runs contraary to what he said six months ago

1721
01:20:36.840 --> 01:20:38.840
where he said is five to ten years away, right,

1722
01:20:39.439 --> 01:20:40.520
So which is it? Right?

1723
01:20:40.560 --> 01:20:43.439
And then if you think about the quantum space, who's

1724
01:20:43.600 --> 01:20:47.239
very big in that IBM nine day win streak snapped

1725
01:20:47.279 --> 01:20:51.439
finally on Friday, but that company just continues to reach

1726
01:20:51.520 --> 01:20:52.319
new all time hunts.

1727
01:20:52.359 --> 01:20:56.159
It's unbelievable. You guys were in that early and the congractus.

1728
01:20:55.880 --> 01:20:59.319
Some profits, but you know, it was still staying. N

1729
01:20:59.439 --> 01:21:01.399
LAR is a tough thing when you think about it

1730
01:21:01.439 --> 01:21:04.680
from an investment because you at this point you're just it's.

1731
01:21:04.560 --> 01:21:06.960
Long term nuclear PF and LR.

1732
01:21:06.880 --> 01:21:08.760
And all our nuclearsteff. It's like, how do you get

1733
01:21:08.800 --> 01:21:09.199
out of that?

1734
01:21:09.600 --> 01:21:11.920
And I mean with that, it's it's jumped up about

1735
01:21:11.960 --> 01:21:14.960
twenty points in the last three weeks, so it's hitting

1736
01:21:15.000 --> 01:21:17.000
it's hitting highs right now, which if you're trying to

1737
01:21:17.000 --> 01:21:19.000
wait in it might be time to just right.

1738
01:21:19.159 --> 01:21:20.880
I mean, if you're a trader, right, that's what.

1739
01:21:20.880 --> 01:21:23.960
Trader is different if your long term investor. Yeah, if

1740
01:21:23.960 --> 01:21:26.760
you're looking to buy into that space by a little bit,

1741
01:21:26.800 --> 01:21:27.960
if you want to get your feet wet for the

1742
01:21:27.960 --> 01:21:29.760
first time. But like we always say, I mean, if

1743
01:21:29.800 --> 01:21:31.399
it's high, you don't want to put one hundred percent

1744
01:21:31.399 --> 01:21:32.319
of your shares in right.

1745
01:21:32.239 --> 01:21:34.399
Now, which is jumped up quite a bit in the

1746
01:21:34.439 --> 01:21:35.560
last three weeks. Yeah.

1747
01:21:35.640 --> 01:21:37.560
Yeah, And I mean if you've got some speculative money,

1748
01:21:37.600 --> 01:21:40.279
maybe you put five percent in a nuclear reta five

1749
01:21:40.319 --> 01:21:43.640
percent in a quantum ETF. You know, just spread it around.

1750
01:21:44.079 --> 01:21:46.199
Yeah, and the ETS lets you get into the sector

1751
01:21:46.199 --> 01:21:48.760
without trying to pick a certain company and hope that

1752
01:21:48.800 --> 01:21:50.479
it's right, because like you said, I mean there's three

1753
01:21:50.520 --> 01:21:52.560
quantum companies out there, main ones.

1754
01:21:52.439 --> 01:21:55.039
QBT s QUBT and r g t I. Q u

1755
01:21:55.119 --> 01:21:55.640
b T S.

1756
01:21:55.760 --> 01:22:01.159
Qu QUBT and QBTS are both up about eighty percent

1757
01:22:01.199 --> 01:22:04.520
for the year. RGTI is down fourteen percent. If you're

1758
01:22:04.520 --> 01:22:06.359
in the ETF, you got exposure all And.

1759
01:22:06.319 --> 01:22:08.760
Also if you're going into an ETF, go look at

1760
01:22:08.760 --> 01:22:10.960
the holdings because sometimes they don't even make sense. I

1761
01:22:11.000 --> 01:22:14.359
was looking at a war ETF on Friday, just I

1762
01:22:14.399 --> 01:22:17.159
want to see how it was performing. W R is

1763
01:22:17.520 --> 01:22:20.039
down on the day, and I go into look at

1764
01:22:20.039 --> 01:22:22.319
their holdings. They don't have Lockeed Martin, they don't have Raytheon,

1765
01:22:22.359 --> 01:22:25.760
they don't have any of the big giant companies defense companies.

1766
01:22:26.199 --> 01:22:28.960
And that made me say, I would never buy the

1767
01:22:29.000 --> 01:22:31.319
CTF if that was my play play war.

1768
01:22:31.880 --> 01:22:33.640
Yeah, and I think you're get to get into a space,

1769
01:22:33.720 --> 01:22:36.239
whether it be crypto, whether it be quantum, whether it

1770
01:22:36.279 --> 01:22:41.199
be nuclear. An ETF gives you diversification because most of

1771
01:22:41.239 --> 01:22:43.920
the companies in those spaces are not going to be

1772
01:22:43.960 --> 01:22:47.680
around in five years, but some of them will be behemoth.

1773
01:22:48.000 --> 01:22:50.159
You know, we talked about Oracle and we talked about Stargate.

1774
01:22:50.199 --> 01:22:54.079
Oracle is the one that's funding providing a lot of

1775
01:22:54.119 --> 01:22:58.920
the infrastructure as well. VRT is another company that's funding

1776
01:22:58.920 --> 01:23:02.119
a lot of the cooling. Coherent COHR is another company

1777
01:23:02.159 --> 01:23:04.479
that's going to be a partnered with some of the

1778
01:23:04.680 --> 01:23:07.600
infrastructure there. So obviously we've had a lot of clients.

1779
01:23:07.640 --> 01:23:10.720
How do you profit on this AI craze? It's infrastructure.

1780
01:23:10.720 --> 01:23:13.279
That's why nuclear was one of the things we looked at,

1781
01:23:13.479 --> 01:23:15.760
So why FSLR is still going to be something that's

1782
01:23:15.760 --> 01:23:18.199
going to go up. Yeah, solar might might not be

1783
01:23:18.319 --> 01:23:20.680
everyone's favorite, but it's an energy producer. We need all

1784
01:23:20.720 --> 01:23:22.800
the energy we can we can get at this point.

1785
01:23:22.640 --> 01:23:26.000
Another world XL you. The utility index has been strong,

1786
01:23:26.039 --> 01:23:27.680
even though interest rates have been rising.

1787
01:23:27.840 --> 01:23:29.840
It doesn't matters contract.

1788
01:23:29.439 --> 01:23:33.359
To traditional investing because it's not your dad's utility anymore.

1789
01:23:33.479 --> 01:23:36.359
No, We're going into a supercycle of energy demand that

1790
01:23:36.359 --> 01:23:38.840
I don't think the humanity's ever seen before.

1791
01:23:38.920 --> 01:23:40.399
I agree, And we're already.

1792
01:23:40.039 --> 01:23:44.399
Under supply, so just imagine the price increases that might fault.

1793
01:23:44.479 --> 01:23:47.880
And this administration's unregulatory standpoint of it is kind of

1794
01:23:47.880 --> 01:23:51.239
just sex and medicting the entire process. So keep at it.

1795
01:23:51.680 --> 01:23:54.479
Yeah, I think and again that the demand from from

1796
01:23:54.560 --> 01:23:57.640
all of these companies and the data centers in particular

1797
01:23:58.319 --> 01:24:01.439
for power is like Todd's. We're entering a super cycle

1798
01:24:01.720 --> 01:24:03.560
and who's going to benefit from those. There'd be a

1799
01:24:03.560 --> 01:24:06.079
lot of people who benefit from those. We'll be back

1800
01:24:06.079 --> 01:24:09.000
with the final segment right after this break. Thanks for

1801
01:24:09.079 --> 01:24:11.600
joining us on this Father's Day Sunday morning.

1802
01:24:12.680 --> 01:24:14.319
Welcome back to the Money Matter show. My name is

1803
01:24:14.359 --> 01:24:16.640
Sebastian Borber seeing him here with Todd Glick Junior, Dylan

1804
01:24:16.680 --> 01:24:19.720
Greenberg and David Sherwood. This is a Father's Day edition

1805
01:24:19.800 --> 01:24:20.960
of The Money Matter Show.

1806
01:24:21.359 --> 01:24:22.039
Dave, I got a.

1807
01:24:21.960 --> 01:24:24.319
Fun fact I want to hear A fun fact? Is

1808
01:24:24.359 --> 01:24:26.520
it is US Open weekend? For those golfers out there,

1809
01:24:26.520 --> 01:24:29.800
it's a great weekend. What year was the first US Open?

1810
01:24:29.960 --> 01:24:32.800
The first US Open was in nineteen thirty.

1811
01:24:32.479 --> 01:24:39.920
Two, Sebastian nineteen twenty, Todd nineteen thirteen, eighteen ninety five,

1812
01:24:39.920 --> 01:24:42.960
a year before the Dow opened. Wow, one hundred and thirty.

1813
01:24:43.399 --> 01:24:46.079
Guess how many players played in this tournament? It was

1814
01:24:46.119 --> 01:24:49.119
a Newport country club. I think it was how many

1815
01:24:49.119 --> 01:24:49.680
players played?

1816
01:24:49.680 --> 01:24:52.000
How many there was? How many pros in the first,

1817
01:24:52.520 --> 01:24:54.239
the very first US Open?

1818
01:24:54.319 --> 01:24:56.039
Twenty four that could.

1819
01:24:55.840 --> 01:24:57.960
Be yes, he's gonna get fifteen.

1820
01:24:58.439 --> 01:24:59.159
How many guests?

1821
01:24:59.239 --> 01:25:01.600
Of fifty there was ten and there was one amateur

1822
01:25:01.880 --> 01:25:04.239
and the winner. So it was a one day, thirty

1823
01:25:04.279 --> 01:25:06.399
six hole event. The winner was a twenty one year

1824
01:25:06.399 --> 01:25:08.520
old from England that was working as a process and

1825
01:25:08.560 --> 01:25:11.319
at this country club. He shot a ninety one on

1826
01:25:11.399 --> 01:25:13.239
the first eighteen and an eighty two on the next

1827
01:25:13.239 --> 01:25:16.479
thirteen for a winning score of one seventy three. That

1828
01:25:16.600 --> 01:25:18.199
was the winning score of the first US Open Up.

1829
01:25:19.319 --> 01:25:20.479
Golf has come a long way.

1830
01:25:20.720 --> 01:25:21.479
Oh my goodness.

1831
01:25:21.920 --> 01:25:24.880
They also had wood sticks. I mean, think about our

1832
01:25:24.920 --> 01:25:26.000
technology now.

1833
01:25:26.000 --> 01:25:28.199
Yeah, hoole. The part five was probably one hundred ninety

1834
01:25:28.239 --> 01:25:28.600
yards too.

1835
01:25:28.600 --> 01:25:31.520
Even when even when I was, when I was in college,

1836
01:25:31.880 --> 01:25:35.479
the rage was bamboo sticks. The bamboo sticks for all

1837
01:25:35.479 --> 01:25:35.840
the rages.

1838
01:25:35.920 --> 01:25:40.079
Yeah, I was eighteen ninety five, wasn't it. No, Oh sorry,

1839
01:25:40.079 --> 01:25:40.880
it's father's deck cast.

1840
01:25:40.920 --> 01:25:45.199
Say. All I asked for is a little respect at

1841
01:25:45.239 --> 01:25:47.760
the top of the show, and I've gotten zero zero.

1842
01:25:47.680 --> 01:25:51.199
Respeck crazy though, eleven players and now they got one

1843
01:25:51.279 --> 01:25:52.800
hundred and twenty or something playing.

1844
01:25:52.960 --> 01:25:56.119
So how about what's going on at Costco? Three months ago,

1845
01:25:56.359 --> 01:25:59.279
they extended the retail hours of their gas stations. I

1846
01:25:59.319 --> 01:26:01.000
don't know if you know that, you guys, You guys

1847
01:26:01.000 --> 01:26:02.439
still buy a gas right, I don't.

1848
01:26:02.239 --> 01:26:04.359
But I still buy gas. I didn't know that though.

1849
01:26:04.560 --> 01:26:08.000
Oh yeah, they extended the hours of their their gas station.

1850
01:26:08.279 --> 01:26:11.279
Now they've announced that those who pay one hundred and

1851
01:26:11.279 --> 01:26:15.600
thirty dollars for an executive membership can get into the

1852
01:26:15.600 --> 01:26:20.319
warehouse an hour earlier. Now, I don't know about you guys.

1853
01:26:20.359 --> 01:26:20.920
I like that.

1854
01:26:21.239 --> 01:26:23.880
Yeah, I know, I've got a Costco card at a

1855
01:26:23.880 --> 01:26:26.720
fast pass. I never go there because I just it's

1856
01:26:26.760 --> 01:26:28.680
just too crowded, just too crowded.

1857
01:26:28.800 --> 01:26:30.000
I love Costco, get.

1858
01:26:31.760 --> 01:26:33.800
You know what, too crowded to that point. I was

1859
01:26:33.840 --> 01:26:36.560
there last Sunday and I decided to walk out. I

1860
01:26:36.920 --> 01:26:39.479
only I needed like three or four things, laundry, detergent,

1861
01:26:39.520 --> 01:26:42.119
a couple of different items, and their line was backed

1862
01:26:42.159 --> 01:26:44.119
up all the way to the refrigeration section. So I

1863
01:26:44.319 --> 01:26:44.760
walked out.

1864
01:26:44.840 --> 01:26:46.960
See that's what I don't get. Like, if you need

1865
01:26:46.960 --> 01:26:48.680
any of that for me, I'm just Amazon.

1866
01:26:50.119 --> 01:26:52.760
Yeah, I used Amazon a lot. You know, I use Amazon,

1867
01:26:52.880 --> 01:26:54.119
but I also go to the groceries like.

1868
01:26:54.079 --> 01:26:56.760
I usually can wait car for detergent. I was also

1869
01:26:56.760 --> 01:26:59.159
getting propane. I did get that, so.

1870
01:26:59.079 --> 01:27:01.840
That yeah propane at Walgreen.

1871
01:27:01.960 --> 01:27:05.880
But yeah, I don't know. Propane's cheaper at Costco. Evans

1872
01:27:05.880 --> 01:27:08.960
are okay, so much cheaper. I fill my thing up

1873
01:27:09.000 --> 01:27:09.800
for like twelve dollars.

1874
01:27:09.920 --> 01:27:10.640
Oh that's good.

1875
01:27:10.720 --> 01:27:13.880
I guess he was making a comeback Starbucks a little bit.

1876
01:27:14.119 --> 01:27:15.359
He drops seventeen percent.

1877
01:27:15.680 --> 01:27:18.079
They do in China, though, See how they do in China.

1878
01:27:18.119 --> 01:27:20.239
Well that's why they've been coming back supposedly, but.

1879
01:27:20.399 --> 01:27:22.920
Oh they drops seventeen percent on April fourth on disappointing

1880
01:27:22.960 --> 01:27:26.239
quarterly report. Slowly making his way back up and traded

1881
01:27:26.239 --> 01:27:28.800
above ninety on Monday for the first time since the

1882
01:27:28.920 --> 01:27:32.039
sell off. What's a nada? They've reduced prices in China.

1883
01:27:32.680 --> 01:27:35.520
I know they're trying to he's got a handsfull. I mean,

1884
01:27:36.600 --> 01:27:40.439
Brian Nichols a great CEO, but he's no international experience.

1885
01:27:40.520 --> 01:27:42.920
You're supposed to be selling selling those stores, right.

1886
01:27:42.760 --> 01:27:45.159
Well, No, he's trying to partner up, he's trying to

1887
01:27:45.159 --> 01:27:48.119
get he's trying to reduce their exposure to China, which,

1888
01:27:48.159 --> 01:27:51.039
of course the last CEO was all in on China.

1889
01:27:51.560 --> 01:27:54.239
Let's get what they were building one every nine hours.

1890
01:27:54.279 --> 01:27:56.640
I think we sat on a radio one point a

1891
01:27:56.760 --> 01:27:59.800
new Starbucks every nine hours in China, and then the

1892
01:28:00.119 --> 01:28:05.479
army went south, COVID hit Luck and coffee came out,

1893
01:28:06.880 --> 01:28:07.680
you know, And.

1894
01:28:07.479 --> 01:28:10.439
Yeah, I would almost look at this little jump on

1895
01:28:10.720 --> 01:28:12.680
that stock as an opportunity to sell it if you're

1896
01:28:12.720 --> 01:28:15.880
still in it. Personally, I just think that there's a

1897
01:28:15.880 --> 01:28:19.239
long road ahead to clean that China stuff. Up for Nichols.

1898
01:28:19.600 --> 01:28:21.600
I think he's got got his workout out for him.

1899
01:28:22.039 --> 01:28:25.319
The Chinese issue is a big one, not only the

1900
01:28:25.399 --> 01:28:28.520
Chinese economy but the competition there and Tesla's finding that out.

1901
01:28:29.000 --> 01:28:31.199
Tesla's finding it out. There's a big price war in

1902
01:28:31.279 --> 01:28:34.520
China right now on the EV's there some of the

1903
01:28:34.560 --> 01:28:39.520
EV BYD is selling cars that lost to gain market share,

1904
01:28:40.520 --> 01:28:42.640
you know, so Tesla's up against that.

1905
01:28:45.600 --> 01:28:47.600
It seems like everything China does they just do at

1906
01:28:47.640 --> 01:28:49.520
a loss. And how long can you keep doing that?

1907
01:28:49.560 --> 01:28:51.479
I mean, they have these ghost cities.

1908
01:28:51.399 --> 01:28:53.239
Gonna lose money on every trade, but we'll make it

1909
01:28:53.319 --> 01:28:53.920
up in volume.

1910
01:28:54.720 --> 01:28:56.680
Yeah, but then they don't have enough kids being born,

1911
01:28:56.760 --> 01:28:58.119
They're not going to have enough volume.

1912
01:28:58.239 --> 01:29:00.239
I just saw that, you know, the Tesla Model Why

1913
01:29:00.319 --> 01:29:02.439
is the number one selling car in the world, the

1914
01:29:02.479 --> 01:29:05.039
first time an electric vehicle has ever become the number

1915
01:29:05.079 --> 01:29:07.760
one selling car in the world.

1916
01:29:08.239 --> 01:29:09.239
Huh, it's a new era.

1917
01:29:09.720 --> 01:29:13.079
And then the new model Why, the Juniper has just

1918
01:29:13.199 --> 01:29:17.399
recently come out. And I saw my first Juniper at

1919
01:29:17.399 --> 01:29:19.960
the grocery store the other day, and it looks very

1920
01:29:20.039 --> 01:29:23.680
much like my model Why, except the back looks a

1921
01:29:23.680 --> 01:29:27.159
little bit like the truck which I don't know.

1922
01:29:27.399 --> 01:29:28.880
What do you think about the Trump accounts?

1923
01:29:29.319 --> 01:29:31.159
About the Trump account have you heard about them?

1924
01:29:31.199 --> 01:29:31.279
Oh?

1925
01:29:31.359 --> 01:29:33.960
Yeah, yeah with the kids for the kids, well, we

1926
01:29:33.960 --> 01:29:36.800
can't afford them, that's all. I mean, we just okay,

1927
01:29:36.920 --> 01:29:39.000
so we have no money, so let's give a thousand

1928
01:29:39.000 --> 01:29:41.920
dollars to every kid. Okay, that makes sense, you know.

1929
01:29:42.000 --> 01:29:45.239
I just we got to quit spending money. Yeah, it

1930
01:29:45.279 --> 01:29:48.479
sounds like we've had this conversation before. Honey. No, I'm sorry.

1931
01:29:52.760 --> 01:29:55.119
You know, in your household though, it's really easy to

1932
01:29:55.119 --> 01:29:57.840
get your not easy, but when you when your household

1933
01:29:57.840 --> 01:30:00.840
budget is out of balance, you can either go get

1934
01:30:00.840 --> 01:30:04.760
more income or stop spending. Seemed like stopping spending is

1935
01:30:05.600 --> 01:30:08.000
pretty much the only practical way to go. And I'm

1936
01:30:08.479 --> 01:30:10.880
saying that to the government. So when you come up

1937
01:30:10.880 --> 01:30:12.560
with these Trump accounts, I don't know if you want

1938
01:30:12.640 --> 01:30:16.159
something like Obamacare is gonna live on forever? Right with

1939
01:30:16.279 --> 01:30:19.520
Obama's name. Maybe he wants something like that for his legacy.

1940
01:30:20.319 --> 01:30:25.359
Roth Ira after Senator roth Right. Maybe that's what he's

1941
01:30:25.399 --> 01:30:30.520
looking for, having a Trump forever. Yeah, but it's just

1942
01:30:30.560 --> 01:30:32.920
it's just spending, spending more money that we don't have,

1943
01:30:33.119 --> 01:30:33.960
you know, speaking.

1944
01:30:33.680 --> 01:30:35.359
Of the roth had a client in here that just

1945
01:30:35.399 --> 01:30:38.760
didn't know that they had, you know, a lot of

1946
01:30:38.760 --> 01:30:41.960
money in one company stock that they've worked for over

1947
01:30:42.000 --> 01:30:43.880
the last thirty years, but it was all in the

1948
01:30:43.880 --> 01:30:47.279
traditional form o K. And these are people together really

1949
01:30:47.279 --> 01:30:49.880
haven't made more than one hundred KM on their tax return,

1950
01:30:49.920 --> 01:30:53.800
but they've a masked over a million dollars in their portfolio.

1951
01:30:53.880 --> 01:30:57.279
The reason sounded discipline, right, and sure they had a

1952
01:30:57.319 --> 01:30:59.239
lot of money in one company stock, which doesn't always

1953
01:30:59.239 --> 01:31:02.279
work out right then ron but sometimes, as we've talked

1954
01:31:02.319 --> 01:31:07.920
about with our Costco Cashier example, it can The idea though,

1955
01:31:08.000 --> 01:31:10.800
is really discipline, and these people were very disciplined over years,

1956
01:31:11.079 --> 01:31:15.199
but they were disciplined arguably in the wrong account because

1957
01:31:15.199 --> 01:31:18.880
they've amassed all this wealth in traditional four to one k's,

1958
01:31:19.239 --> 01:31:21.359
which means, as we said before, if you have nine

1959
01:31:21.439 --> 01:31:23.199
hundred thousand and four one K, it's really only going

1960
01:31:23.279 --> 01:31:25.439
to be seven hundred thousand after taxes are going to

1961
01:31:25.479 --> 01:31:27.680
be occurring. Actually it could be more depending on what

1962
01:31:27.720 --> 01:31:30.960
tax rate you're in, but that's pretty conservative there. Now,

1963
01:31:30.960 --> 01:31:32.760
if you have that same nine hundred thousand or row

1964
01:31:32.800 --> 01:31:36.279
four one K, it's nin one hundred thousand you're not

1965
01:31:36.279 --> 01:31:39.119
gonna get taxed again. And when you're talking about incomes

1966
01:31:39.119 --> 01:31:41.640
that aren't super high in your working years, it doesn't

1967
01:31:41.640 --> 01:31:44.560
always make sense to get a tax deduction today. And

1968
01:31:44.560 --> 01:31:46.880
what I always tell people in our financial plans to say,

1969
01:31:47.359 --> 01:31:49.600
in five years or ten years from now, do you

1970
01:31:49.600 --> 01:31:52.279
think tax rates are gonna be high or lower? Everyone,

1971
01:31:52.399 --> 01:31:56.079
normally nine percent of the time says higher, right, Because

1972
01:31:56.079 --> 01:31:58.079
we all know we have this deficit problem. Someone's gonna

1973
01:31:58.119 --> 01:31:59.760
have to pay for it, and that's likely going to

1974
01:31:59.840 --> 01:32:02.720
be through higher taxes. So why wouldn't we want to

1975
01:32:02.720 --> 01:32:05.920
pay taxes at today's rates and then not have to

1976
01:32:05.920 --> 01:32:08.520
pay them at who knows what's rates, especially when you're

1977
01:32:08.520 --> 01:32:10.520
a young person who knows what rates are going to

1978
01:32:10.560 --> 01:32:13.479
be in thirty years, right. And so the idea that

1979
01:32:13.520 --> 01:32:15.640
you can put money away into ross now and never

1980
01:32:15.680 --> 01:32:17.840
have to pay taxes again, I'll tell you right now.

1981
01:32:18.199 --> 01:32:21.159
Sebastian Dylon, myself, all of us are put in our

1982
01:32:22.359 --> 01:32:25.279
most of our savings in rough four to one case, right,

1983
01:32:25.319 --> 01:32:28.159
And I think anyone on their fifty should highly entertain

1984
01:32:28.239 --> 01:32:29.640
that idea. If you're not sure, come and do a

1985
01:32:29.640 --> 01:32:31.319
financial plan. We can make sure that's the right thing

1986
01:32:31.399 --> 01:32:34.039
for you. I can argue even people sometimes from fifty

1987
01:32:34.039 --> 01:32:37.560
to sixty. It makes sense depending on obviously income, because

1988
01:32:37.600 --> 01:32:40.119
there is obviously times when you retire your income can

1989
01:32:40.159 --> 01:32:43.279
fall off a cliff and you can have some savings there.

1990
01:32:43.800 --> 01:32:45.960
But at the same token, you have to weigh that

1991
01:32:46.600 --> 01:32:49.239
con do you have pensions, do you have so security

1992
01:32:49.399 --> 01:32:51.439
that's going to show up on taxable income? So if

1993
01:32:51.479 --> 01:32:53.520
it's not really going to make a difference, let's start

1994
01:32:53.560 --> 01:32:55.760
doing roths now. And those are things that we can't

1995
01:32:55.760 --> 01:32:57.760
really know until we do financial planets. Why it's so.

1996
01:32:57.720 --> 01:33:01.039
Valuable, I think what you said is exact. If you're

1997
01:33:01.119 --> 01:33:03.359
under fifty and like you said, maybe eve a little

1998
01:33:03.359 --> 01:33:05.520
bit over. But if you're under fifty and you're not

1999
01:33:05.880 --> 01:33:09.479
contributing to a wroth for one k, you're really making

2000
01:33:09.520 --> 01:33:13.680
a mistake. It can grow so big and and there

2001
01:33:13.800 --> 01:33:17.279
is never going to be taxed to you or your errors.

2002
01:33:17.600 --> 01:33:19.840
So many times we deal with people that have these

2003
01:33:20.359 --> 01:33:23.800
million dollars for one k's that are not million dollars

2004
01:33:23.840 --> 01:33:25.920
four to one k's there are seven hundred thousand dollars

2005
01:33:25.960 --> 01:33:28.479
for one cas, whereas if they would have put that

2006
01:33:28.520 --> 01:33:30.479
into a wroth, it would have been a million dollars

2007
01:33:30.760 --> 01:33:34.439
with no tax done. Yes, you gave up a little

2008
01:33:34.439 --> 01:33:37.399
bit of a tax deduction along the way somewhere during

2009
01:33:37.479 --> 01:33:40.880
your working time on a month to month basis that

2010
01:33:40.920 --> 01:33:45.199
you'll never notice, right, you'll never notice that. But when

2011
01:33:45.239 --> 01:33:48.079
it comes down to the retirement age and you're sitting

2012
01:33:48.119 --> 01:33:51.760
with us and going over a financial plan and determining

2013
01:33:51.760 --> 01:33:56.159
how much income you can achieve from your investments, what

2014
01:33:56.359 --> 01:33:59.720
a gigantic difference that's going to make at that point

2015
01:33:59.800 --> 01:34:03.000
it is just phenomenal.

2016
01:34:03.600 --> 01:34:05.479
Well, this is why people use our plan to understand

2017
01:34:05.479 --> 01:34:07.840
why if roth conversions make sense, and the only reason

2018
01:34:07.880 --> 01:34:09.920
they're looking at doing rock conversions is because they have

2019
01:34:09.920 --> 01:34:10.479
all the money in.

2020
01:34:10.439 --> 01:34:11.199
The form one case.

2021
01:34:11.279 --> 01:34:13.119
Yeah, if they did that the ROTH in the first place,

2022
01:34:13.279 --> 01:34:15.880
and to be fair, a lot of these things didn't exist,

2023
01:34:16.000 --> 01:34:18.640
but that's what we're saying. Now they do and over

2024
01:34:18.680 --> 01:34:20.760
seventy percent of plans they have off four one case now,

2025
01:34:21.159 --> 01:34:22.600
So take advantage of that.

2026
01:34:22.720 --> 01:34:26.359
Absolutely absolutely. M Disney hit a new fifty two week

2027
01:34:26.399 --> 01:34:29.880
high Tuesday on news they've concluded the purchase of their

2028
01:34:29.920 --> 01:34:33.840
thirty three percent share of Hulu the Comcast had and

2029
01:34:33.880 --> 01:34:37.880
that acquisition paves the way for more seamless integration of

2030
01:34:37.960 --> 01:34:42.319
Disney and Hulu. McDonald's stock was up six percent this year,

2031
01:34:42.439 --> 01:34:45.239
two percent lower on Monday after Morgan Stanley downgraded the

2032
01:34:45.319 --> 01:34:49.119
doustock the one how lockeed Martin that was amazing, down

2033
01:34:49.159 --> 01:34:51.760
six percent at the open on Wednesday after the US

2034
01:34:51.800 --> 01:34:56.359
Air Force significantly reduced its request to Congress for new

2035
01:34:56.600 --> 01:34:59.960
F thirty five fighter jets. They're ordered just twenty four

2036
01:35:00.079 --> 01:35:02.399
aircraft for twenty twenty six, which is half of what

2037
01:35:02.439 --> 01:35:05.399
they ordered last year. But on Friday the stock just

2038
01:35:05.479 --> 01:35:08.960
exploded higher. Yeah, if you saw if you sold on

2039
01:35:09.000 --> 01:35:13.399
that down draft on Tuesday, what a mistake, because Friday

2040
01:35:14.079 --> 01:35:16.399
it went up twice as much as it went down.

2041
01:35:16.720 --> 01:35:18.800
Because they're saying, well, you may want to be thinking

2042
01:35:18.840 --> 01:35:22.039
those jet order that you put in.

2043
01:35:22.279 --> 01:35:24.039
You would you would have had to know something.

2044
01:35:24.640 --> 01:35:27.279
Yeah, yeah, I think when you have when you're trade

2045
01:35:27.319 --> 01:35:28.960
not headlines, you have to be careful with that.

2046
01:35:29.159 --> 01:35:31.520
Defense was definitely the place to be on Friday. Let's

2047
01:35:31.560 --> 01:35:33.560
see where you're supposed to be on Monday.

2048
01:35:33.680 --> 01:35:36.079
Barclay says affirmed is the best buy now, pay later

2049
01:35:36.159 --> 01:35:39.520
company because Costco chose them, and if Costco had chose them,

2050
01:35:39.680 --> 01:35:41.920
they've got to be the best, makes sense, So I

2051
01:35:42.039 --> 01:35:44.239
like that we're coming to the end of another show

2052
01:35:44.399 --> 01:35:47.319
this Father's Day edition. Happy Father's Day to all of

2053
01:35:47.319 --> 01:35:50.920
the fathers out there, you mothers and daughters and sons.

2054
01:35:51.000 --> 01:35:53.760
Treat them right. We all want to be happy, we

2055
01:35:53.880 --> 01:35:55.279
all want to be healthy, and at the end of

2056
01:35:55.319 --> 01:35:58.960
the day, what we're really trying to be is see

2057
01:35:58.960 --> 01:35:59.560
you next week.