March 23, 2025

Money Matters: Tesla Buzz, Tariff Trouble, and Market Signals

Money Matters: Tesla Buzz, Tariff Trouble, and Market Signals
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Money Matters: Tesla Buzz, Tariff Trouble, and Market Signals
Money Matters: Tesla Buzz, Tariff Trouble, and Market Signals

This week on Money Matters, brought to you by Greenberg’s Financial Group, we unpack recent market developments and what they signal for investors. We dig into how tariffs are influencing economic growth expectations and spotlight Tesla—why it’s in...

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This week on Money Matters, brought to you by Greenberg’s Financial Group, we unpack recent market developments and what they signal for investors. We dig into how tariffs are influencing economic growth expectations and spotlight Tesla—why it’s in the news and what you need to know. We also run through key company reports and headlines to keep you informed, and explain how our financial planning process helps clients navigate uncertainty with clarity and confidence.Join us for expert insights and practical financial tips, and don’t forget to schedule your free financial plan with us to see how we can help you navigate these uncertain times. Tune in now!
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

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Good morning, Welcome to the March Madness edition.

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It's been a great matters show, March Madness, where.

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He Greenberg is obviously not here, or you'd hear his

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booming voice dealing Greenberg is not here.

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It's been some madness in the markets.

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There's been madness in the market and madness in the

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you know, you know what the odds are filling out

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a perfect bracket madness.

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Yeah, it's like one in seventeen quintillion.

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You have just one in nine quintillion. It's yeah, one

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in nine quintillion, which is.

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A greater era. There's a harder chance than winning the lottery. No,

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this is actually a really cool thing. If I told

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you I picked one grain of sand on the earth,

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and you have to pick that exact same grain of sand,

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you have a better chance of doing that than filling

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out a perfect bracket. Seriously, because I guess there's only

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like four quintillions grains of sand on earth.

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Who counted those? Right? Right?

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How do you buy that number out?

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I'm glad I didn't do that for a living. What

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do you want to be? I want to be fan

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count I'm awfully glad. Anyway, we broke the losing streak

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four consecutive weeks lower and barely Fire managed to edge

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up twenty eight points.

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No day, we were on route for the fifth straight

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losing On Friday, it definitely was trading lower, but it

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seemed like maybe two hours three hours before the closes

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started to get some steam back to it.

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Bridy was an interesting day, and it you very well

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could could say, Okay, that was a reversal day. The

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Dow opened down five hundred points, it was done big

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and it ended up higher. So I mean that's that's impressive.

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That's very impressive. Yeah.

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And like we were saying, if fifth straight down week,

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I mean we I mean, after coming off four straight

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down weeks, we had a feeling that you weren't going

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to get a fifth trade week, but we were on route.

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But I mean that's the interesting thing now coming into

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next week. The economic reports for this week, I mean

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kind of showed that inflation is going to be the

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focus point moving forward. Sure for the fat Sure they

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really don't care about labor market. It doesn't seem much.

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They decided on Wednesday not to raise rates, which is

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what we expected, but then they make a comment that

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they could see as many as two rate cuts this year,

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which I found surprising. Frankly.

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Yeah, it was two more than what the market had

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and what they said that they expected from themselves.

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Yeah, I'm really previously, I hope we don't have two

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more because if we do, that means the economy is

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really softened up.

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Right, there's definitely the dot plots were interesting, and Jerome

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Pale's comments was saying that the economy is still relatively

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strong and we're not seeing the tariff destruction that all.

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Like the Atlanta Fed GDP kind of pointed out, and

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we talked about this on the show a couple of

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weeks ago, but that Atlanta Fed GDP NOW number. They

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come out with an estimation on what they think GDP

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is going to come out for each quarter. They had

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it at two point six percent growth something like that

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for quarter one. Then after the tariffs came out, they

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had a negative two point one percent growth and the

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biggest revision in the history of that Atlanta Fed GDP

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now numbers. So there was a large expectation that we

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were going to see some real slow down in the

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economy and Jerome pal saying, we have not seen that

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as of yet.

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Well, he certainly has better numbers than we do. Makes

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like kind of whatever he says.

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Although some people say the FED drives a car by

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looking in the roof of your mirror.

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So it's certainly when it comes to interest rates, the

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Fed is the tail wagon the dog. There's no question

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about it. By the time they decide to move on

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interest rates, interest rates have already moved. Give you an example.

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We use the Vanguard Money market Fund for our excess

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cash because it's been paying a good rate to return.

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It was five percent six months ago. This week three point.

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Nine three point nine on the Vanguard.

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Yep, that's how much interest rates had come down, three

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point nine.

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Remember the Vanguards, they just roll one to three month treasuries.

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It's all they're doing. So it's a good measure of

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what's going on with short term rates. I'm sure we

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saw a short term race. The two year three point

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nine to four at the close on Friday, the ten

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year four and a quarter. Those are down twenty basis

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points from two weeks go, so we are seeing a

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fairly significant slide in interest rates. We saw a mortgage

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refinancial to pick.

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Up what's our ten two years spread? Right now?

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Well, you're at four and a quarter to so twenty

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unite basis points.

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It's not much. We have a pretty flat curve.

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Across the Yeah, but after being flat for what nineteen

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twenty months inverted inverted, right, it's nice to see a

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normal yield curve yeap.

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And then, like you're saying, the thirty year mortgage Mac

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Mac mortgage rates seem to Freddie macmorts rates seem to

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be coming down six point five in there around right now. So,

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I mean, but I'm seeing a lot of reports. Six

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and a half isn't enough for this housing industry to

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keep moving. I mean, at least the new home sales side.

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We're still seeing existing home sales be pretty decent, but

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I think it's largely because of the one million plus

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home sales. Those people are doing just fine right now.

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It's the people that rely on interest rates that are

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having a really hard time purchasing those new.

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Homes, certainly locally. That's what's happening, is is the people

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that are trying to sell homes in the four or

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five six hundred thousand range, they are sitting on the

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market for quite some time, whereas the million dollar homes,

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if they're in a great location and really going fast

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kill for sure again, this inflection California continues and maybe

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even picked up a little steam with the fires. I

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don't know, that's kind of the thinking.

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And you know what we've seen through the middle of

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February two the middle of March now is the volatility index,

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the VIX. This is what measures the volatility on the

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S and P five hundred and volatility is just saying

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how much are stocks going up and down? How many

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shrech shares are being traded, and so the more and

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more shares being traded, it's to sign a fear uncertainty

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in the market. And so we've had the VIX. Normally

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it's around the twelve to fourteen, but it's spiked up

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to the high. I think it was around twenty seven

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week so ago, but it's staying in those twenties now.

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So there's definitely a lot of still uncertainty in the

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market where investors not sure we're going to be headed next.

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The VIX is the volatility index. As Todd said, they

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use puts and calls, a very sophisticated formula to come

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up with that number, but it just gives you a

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sense of the volatility of the market. I think back

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in eight it jumped up to eighty or some silly thing,

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but you're right, twelve to fourteen, normal, fifteen in there.

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Yeah, started the week off at what twenty eight's and

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finished the week off at nineteen. If you guys remember

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last year the yen carry trades spiked it up all

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the way to sixty six over nineteen, remember.

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That really quick for like two days absolutely two days

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ago it came right back down. Yeah, it was just

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a matter of days, wasn't it.

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And when we talk about Volatiley, we talk about risk,

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and that's where we'll bring in this disclaimer. The show

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is sponsored by Greenberg Financial Group and you can listen

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on seven ninety KNSD or iHeartRadio. The show discusses different

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investment products and strategies. Every product and strategy has some

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type of inherent risk, and we strongly encourage our listeners

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to properly understand these risks to determine whether to buy, sell,

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or hold. The show has been on the air for

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over thirty years. Book Financial Group is redshirt with the

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sec You can visit our website Greenbrik Financial dot com

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for more information. Obviously, we have our YouTube page that

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you can access for all of our TV shows. But

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we are on KVO Way Sunday mornings after Meet the

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Press as well as Sunday nights after the ten o'clock news.

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We have our flagship show on Sunday that you're listening

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to right now, but also we have Saturday shows on

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KNST that if you want to listen to their at

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around six to twelve and things like that. Where are

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we at now, We're at.

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Six thirty, eight am, eight thirty am, eleven AM and

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eleven thirty am. The eight am and eight thirty am

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shows we cycle through and sometimes you'll hear Jonathan Sabilia,

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our estate planner here in the house.

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We got a lot of information for you all anywhere

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you want. We just Dave does his newsletter every single month.

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I do mine as well. We release that so if

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you want to get signed up for that, you go

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to our website at the very bottom of the site

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you can sign up for the newsletter. But obviously if

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you want to take advantage of our free financial plan

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we've been doing a lot lately. This week was pretty crazy.

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Dave felt I felt.

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Back to back NonStop.

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It's unbelievable.

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Yeah, and especially with this market. It keeps you busy

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throughout the day.

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Well, and I don't wonder why when I when I

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I've said in on a few of those are just

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they're so sophisticated, they're so cool, and they're free. It's ridiculous.

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I mean, I remember I've worked for a couple other

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firms in town over my long career, and two and

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three thousand dollars was not an unusual price to have

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to pay for what you guys do for nothing.

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Yeah, And honestly, I start to realize with all like

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you're saying, the sophistication, why some people do charge because

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it is a lot of work. You know, we put

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in a lot of work for these plans and the proposals,

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but ultimately sometimes, yeah, it's completely free. And that's and

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that's the risk we take because we know that at

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the end of the day, our job as educators and

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to educate you. You can take the plan and do

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it yourself if you really feel comfortable to do it,

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but ultimately, we just want to have the opportunity to say,

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if you wanted to use us, this is how it

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would be.

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And whether you're in your accumulation phase or decumulation phase

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of your financial life. Whether you're twenty six or sixty

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or a better retire the financial plan works for you.

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We just had somebody that was about twenty six years

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old come in and we scoped out exactly what he's

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spent it, and he had no idea exactly what he

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was spending. His jaw dropped, you know, and he's talking

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about wanting to buy a house in the next couple

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of years. And it was a reality check for this

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guy to come in and say, oh, you know, I

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do make a good amount of money, but I'm not

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allocating it properly to achieve my goals.

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Excellent. Well, we're about ten minutes into the show and

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we haven't even done the market yet.

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That's a let's talk about it. The Dow Jones was

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up one point two percent this week. That S and

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P five hundred was up half a percent this week.

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The NASDAC went up twenty basis points two tenths, Russell

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two thousand small caps went up point four percent on

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the week, and the RSP equal weighted S and P

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five hundred went up point six percent. It's really interesting

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to see again that RSP only down eight tenths of

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a percentage on the year, while you have that S

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and P five hundred dragging us down three point six percent.

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Well, the NASDAK down eight percent.

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You know what that tells you, of course, is the

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is the RSP equal weight to every single stock, whereas

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the S and P, the NASDAK overweighted those technology names.

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So it really isn't when you look at the market

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down three point six on the S and P five

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that's not really what is down. What the market is

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down the RSP the equal weight of down point eight

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that's really what the market's down for the year.

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Yeah, and to be fair, you know, December wasn't a

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great month off the high. S and P is down

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about eight percent, right, so we thought around ten percent.

235
00:10:30.360 --> 00:10:31.879
I think we got to that teen percent number at

236
00:10:31.919 --> 00:10:35.559
one point intra week, but that was really what we've

237
00:10:35.639 --> 00:10:37.879
expected ten to fifteen percent. We at least got a

238
00:10:37.879 --> 00:10:40.879
ten percent pullback. This might be the jump off point,

239
00:10:41.919 --> 00:10:43.960
but realistically, I think we've been talking for a while.

240
00:10:44.000 --> 00:10:46.480
There might be a little bit of a run up,

241
00:10:46.840 --> 00:10:50.320
some more fear and then maybe a continuation to the training.

242
00:10:50.919 --> 00:10:52.960
Dean thought there'd be more legs than there has been

243
00:10:53.639 --> 00:10:57.960
I didn't I believe that that fifty seven hundred coming back.

244
00:10:58.440 --> 00:11:01.360
Fifty seven hundred was just when we go down. We

245
00:11:01.440 --> 00:11:04.759
hit fifty seven bounce, hit fifty seven bounds, we broke

246
00:11:04.799 --> 00:11:07.759
below fifty seven. Now that becomes the roos, the ceiling,

247
00:11:07.799 --> 00:11:10.159
if you will, And it went right back up to

248
00:11:10.200 --> 00:11:13.480
fifty seven hundred. Failed, that's turned into quite the.

249
00:11:13.480 --> 00:11:16.080
Little and now we're seeing fifty six hundred doctors at

250
00:11:16.120 --> 00:11:17.279
the trampoline.

251
00:11:16.759 --> 00:11:20.320
Fifty six hundred. We're trading between fifty six hundred and

252
00:11:20.360 --> 00:11:23.120
fifty seven hundred. So right now, if you were saying, well,

253
00:11:23.159 --> 00:11:25.159
what about the stock market is it's kind of in

254
00:11:25.200 --> 00:11:30.000
a technical prison right now where traders will buy if

255
00:11:30.039 --> 00:11:32.279
it gets down to fifty six hundred, and they will

256
00:11:32.279 --> 00:11:34.759
sell if against to fifty seven hundred. It's going to

257
00:11:34.799 --> 00:11:37.799
take some sort of an event to break that out.

258
00:11:38.080 --> 00:11:40.799
But I mean, we were down to fifty five hundred

259
00:11:40.840 --> 00:11:42.799
just last week, you know, so.

260
00:11:42.879 --> 00:11:46.480
It well fifty five to eighty well ffty five hundred,

261
00:11:47.240 --> 00:11:48.440
fifty five hundred.

262
00:11:48.159 --> 00:11:51.559
Even, yeah, it was about fifty fifty five h nine

263
00:11:51.559 --> 00:11:52.159
we got down.

264
00:11:52.080 --> 00:11:55.279
Okay, so fifty five so I'm I misspoke. So fifty

265
00:11:55.320 --> 00:11:58.559
five is the support fifty seven is the resistance seem

266
00:11:58.600 --> 00:12:01.120
that's what almost fifty six exactly. That's why I just

267
00:12:01.159 --> 00:12:03.480
wanted fifty five to fifty seven exactly. If it gets

268
00:12:03.519 --> 00:12:07.039
down around fifty five hundred, you can be comfortable getting

269
00:12:07.080 --> 00:12:09.320
a little bit more aggressive. Is at the bottom. We

270
00:12:09.399 --> 00:12:11.360
won't know until it's over, right, but.

271
00:12:11.720 --> 00:12:14.000
There's definitely a trend line that it bounced off there

272
00:12:14.320 --> 00:12:17.679
at fifty five, and that's going to be a continuation

273
00:12:17.759 --> 00:12:19.440
of that trend. As long as it holds that trend,

274
00:12:19.480 --> 00:12:22.080
we're not incorrect and territory, and that's what the kind

275
00:12:22.120 --> 00:12:24.360
of I saw a lot on the headlines this week

276
00:12:24.440 --> 00:12:27.000
is are we in correction? Territory? Stocks are on their

277
00:12:27.039 --> 00:12:30.840
route for correction? Territory And you know, obviously they believe

278
00:12:30.840 --> 00:12:33.799
correction is more than I think. They say ten percent, right,

279
00:12:33.919 --> 00:12:35.120
correction is ten percent?

280
00:12:35.200 --> 00:12:35.320
Right.

281
00:12:35.360 --> 00:12:37.720
I don't think the bear market is twenty percent? Okay,

282
00:12:37.879 --> 00:12:41.240
it's not fifteen it's twenty yeah, Okay, who comes.

283
00:12:41.120 --> 00:12:44.960
Up with these things? So the NASDAK is technically in

284
00:12:45.039 --> 00:12:47.960
a bear market, like who cares? Yeah, technically, and the

285
00:12:48.039 --> 00:12:52.039
Russell two thousand, the small cap is in a bear market.

286
00:12:51.759 --> 00:12:53.480
Where last year technically we should have been in a

287
00:12:53.480 --> 00:12:55.600
recession because we had an invert inverted curve.

288
00:12:55.840 --> 00:12:59.279
Yeah, they had any inverted okurve predicts per session like

289
00:13:00.279 --> 00:13:02.600
every time except when it doesn't. Yeah, this is the

290
00:13:02.600 --> 00:13:04.879
first time so longuest inverted.

291
00:13:04.440 --> 00:13:07.519
Yield curve in history twenty four months.

292
00:13:07.720 --> 00:13:10.039
No, we'll watch, we'll have a recession. Let's say we

293
00:13:10.039 --> 00:13:14.720
have a recession next year's say, yeah predicted that you know,

294
00:13:15.080 --> 00:13:18.759
really like the old stop clock is right twice a day, yeah,

295
00:13:18.919 --> 00:13:23.240
sort of thing. So it's it's Sunday airing Sunday morning. Right. So,

296
00:13:23.240 --> 00:13:26.159
so the first two rounds of March Madness are about over,

297
00:13:26.480 --> 00:13:28.440
and I think at this point the excitement's gone.

298
00:13:28.559 --> 00:13:30.840
They're still people are listening to us at eight a m.

299
00:13:30.919 --> 00:13:32.519
I mean the Sunday games.

300
00:13:32.600 --> 00:13:34.639
Startday games haven't started, Yes, I got that. So we're

301
00:13:34.639 --> 00:13:36.639
about three quarters of the way through the first round

302
00:13:36.720 --> 00:13:38.200
or maybe a little bit more than that. But isn't

303
00:13:38.240 --> 00:13:41.840
it amazing how fast it goes from uh, the issue fork,

304
00:13:41.840 --> 00:13:44.960
I'm gonna do it this year to well listening ever end?

305
00:13:45.320 --> 00:13:51.799
Well you obaye, like three days sounds like looking at it, bracket, well.

306
00:13:51.720 --> 00:13:55.679
No, they gave me these online brocket. It's pretty good

307
00:13:55.679 --> 00:13:58.559
with online, but I really messed these up and so

308
00:13:58.600 --> 00:14:00.440
it's gonna have to take an act of God for

309
00:14:00.480 --> 00:14:01.240
me to win anything.

310
00:14:01.279 --> 00:14:03.440
Don't worry. I tried to use Chad GBT to fill

311
00:14:03.480 --> 00:14:05.320
out mine, and how does that work. It's it's just

312
00:14:05.360 --> 00:14:06.440
as good as everyone else's.

313
00:14:06.679 --> 00:14:10.960
Okay, you asked Chad GPT and you're a believer, and

314
00:14:11.080 --> 00:14:13.639
Chad GPT right, I mean I should believe.

315
00:14:13.720 --> 00:14:14.960
I know what do I believe?

316
00:14:15.120 --> 00:14:17.919
You use it? Right, you trust it, You use it

317
00:14:18.360 --> 00:14:20.799
and you ask it to a certain parameters, and it

318
00:14:21.080 --> 00:14:23.440
spit you out of bracket. I'll actually spin out the bracket.

319
00:14:23.440 --> 00:14:26.600
It actually did fifteen minutes of deep dive research prior

320
00:14:26.720 --> 00:14:27.799
to really bracket.

321
00:14:27.840 --> 00:14:30.000
Yeah, you know, I had it do research. It checked

322
00:14:30.000 --> 00:14:33.360
twenty four different sources, went through all of its analysis,

323
00:14:33.399 --> 00:14:37.080
and it was really close to that UC San Diego upset.

324
00:14:37.120 --> 00:14:39.799
I mean, it had that one and they almost won

325
00:14:39.879 --> 00:14:40.720
on that Thursday night.

326
00:14:40.759 --> 00:14:43.120
Don't worry, Dave. Little League baseball come around soon.

327
00:14:43.480 --> 00:14:45.559
I love the League base I know, yeah, I love it.

328
00:14:45.600 --> 00:14:48.759
I love it crying and throwing the bat. It's it's

329
00:14:48.799 --> 00:14:52.759
so real. It's just real. It's real life, right at

330
00:14:52.799 --> 00:14:53.600
opposed to all this.

331
00:14:54.559 --> 00:14:58.159
Anyway, professionalism All yeah, like that.

332
00:14:58.399 --> 00:15:01.159
You've seen that liberty you try to act liberty mutual

333
00:15:01.159 --> 00:15:04.720
fun commercial where the man's fighting with the baby. I

334
00:15:04.720 --> 00:15:06.159
thought the baby.

335
00:15:07.279 --> 00:15:08.639
I haven't seen that one, and she.

336
00:15:08.639 --> 00:15:10.879
Goes, will you stop you my beb know if the

337
00:15:10.879 --> 00:15:16.279
one being a baby, it's kind of kind of crazy.

338
00:15:16.440 --> 00:15:21.320
So anyway, fifty five hundred noticeable support, fifty seven hundred

339
00:15:21.360 --> 00:15:24.519
noticeable resistance, and we're going to kind of trade in

340
00:15:24.559 --> 00:15:27.200
those ranges until we break out one reason or another.

341
00:15:27.320 --> 00:15:29.000
Well, I mean, how do we not break out on

342
00:15:29.000 --> 00:15:29.840
April second.

343
00:15:29.679 --> 00:15:33.519
Dave, that's going to be interesting with the with the

344
00:15:33.600 --> 00:15:35.679
with a more and more of the And that's one

345
00:15:35.679 --> 00:15:38.200
of the things that helped things settle down this week

346
00:15:38.279 --> 00:15:43.080
is the tariff tantrums calm down, And that's my turn by.

347
00:15:42.799 --> 00:15:46.480
I think Jerome Powell during his Wednesday speech did say

348
00:15:46.519 --> 00:15:49.440
that there are the Feds pricing in all these tariffs

349
00:15:49.480 --> 00:15:50.759
supposedly right there.

350
00:15:51.159 --> 00:15:52.440
You remember the taper tantrum.

351
00:15:52.600 --> 00:15:56.480
That's no that that's why That's kind of where I

352
00:15:56.480 --> 00:15:59.240
got it was triiff tantrum? Did it make sense? And

353
00:15:59.279 --> 00:16:00.879
it's kind of what a yes?

354
00:16:01.080 --> 00:16:03.519
And I like you, I do think it's fair to

355
00:16:03.559 --> 00:16:05.559
say it's a tantrum because it's not based on any

356
00:16:06.000 --> 00:16:10.360
actual reports that we've seen economic reports, Ernie's reports slow down.

357
00:16:10.399 --> 00:16:12.159
We haven't seen that. I mean I actually saw a

358
00:16:12.200 --> 00:16:14.840
thing that they're still growing guidance.

359
00:16:14.840 --> 00:16:18.879
They're just as constant barrage of lower guidance because they

360
00:16:18.879 --> 00:16:19.279
don't know.

361
00:16:19.639 --> 00:16:22.200
And that's fair from like management perspective, and they're like,

362
00:16:22.240 --> 00:16:23.960
oh yeah, we want to you know, hedge on the

363
00:16:24.000 --> 00:16:27.519
lower side, and so that's making investors hedge. But realistically,

364
00:16:27.559 --> 00:16:30.320
we have not seen any numbers say that we are

365
00:16:30.360 --> 00:16:32.759
slowing down yet. And it's really early too.

366
00:16:32.720 --> 00:16:34.519
It is, but you can you can feel it, you

367
00:16:34.559 --> 00:16:37.080
can feel the slowing. I mentioned it last week in

368
00:16:37.120 --> 00:16:39.600
the show where this my friend had a client cancel

369
00:16:39.679 --> 00:16:42.960
a fifteen thousand dollars furniture order because of the stock market.

370
00:16:43.000 --> 00:16:45.279
This is my this is my point. I think about

371
00:16:45.279 --> 00:16:49.679
that too. Our economy, we know is majority services oriented,

372
00:16:49.720 --> 00:16:53.000
absolutely at least seventy percent. We are not a manufacturing

373
00:16:53.000 --> 00:16:55.960
economy like we think we are. Right, So as much

374
00:16:55.960 --> 00:16:59.799
as tariff's will impact manufacturing, the vast majority of our

375
00:17:00.440 --> 00:17:03.320
will not really be impacted that much by So, I mean,

376
00:17:03.320 --> 00:17:07.200
how is our job financial services impacted by TERRFF, sure

377
00:17:07.319 --> 00:17:09.000
at all, right, And there's a lot of jobs in

378
00:17:09.000 --> 00:17:10.319
America that are like that. They're not going to be

379
00:17:10.359 --> 00:17:12.200
impacted by tariff now. And that's where most of the

380
00:17:12.200 --> 00:17:15.599
GDP of America comes from, is service oriented jobs. So

381
00:17:15.599 --> 00:17:19.880
we can't forget that. We're not Germany that's high manufacturing.

382
00:17:20.240 --> 00:17:22.279
You know, there are other countries that are going to

383
00:17:22.400 --> 00:17:25.400
hit way harder because their GDP is reliant on manufacturing.

384
00:17:25.519 --> 00:17:28.680
So I think us playing comes from people who are

385
00:17:28.799 --> 00:17:33.359
not friendly with the administration trying to send up false

386
00:17:33.440 --> 00:17:36.599
information about what it's going to be. You know, twenty

387
00:17:36.640 --> 00:17:39.039
percent tariff, I mean everything's going to go up twenty percent. No,

388
00:17:39.200 --> 00:17:39.640
it does not.

389
00:17:40.079 --> 00:17:41.960
And realistically, the idea that we're going to bring all

390
00:17:41.960 --> 00:17:46.160
these manufacturing jobs back to America without having a big

391
00:17:46.200 --> 00:17:48.079
influx of immigration is not going to happen. I mean,

392
00:17:48.119 --> 00:17:51.160
we as Americans have kind of there's a reason we

393
00:17:51.200 --> 00:17:52.119
pick services jobs.

394
00:17:52.240 --> 00:17:56.000
Yeah, we don't work, you know. I mean we're not the.

395
00:17:55.640 --> 00:17:58.319
Ones grinding in the in the assembly lines anymore like

396
00:17:58.359 --> 00:18:01.079
we were in the fifties and sixties. So we have

397
00:18:01.160 --> 00:18:04.960
a different populous working base. They want the office jobs.

398
00:18:05.119 --> 00:18:06.920
If you bring a whole bunch of manufacturing jobs. We're

399
00:18:06.920 --> 00:18:09.960
not switching from the office to the factory. You're gonna

400
00:18:09.960 --> 00:18:12.160
have to bring in other people to do the factory jobs. Right,

401
00:18:12.240 --> 00:18:14.960
So there is something I think we have to just

402
00:18:14.960 --> 00:18:19.039
because we fix this globalism where some of these inputs

403
00:18:19.079 --> 00:18:22.279
are coming from other countries, those inputs still have to

404
00:18:22.319 --> 00:18:25.079
be relatively cheap when they're made here, and if they're

405
00:18:25.160 --> 00:18:27.079
using American workers, it's not going to.

406
00:18:27.039 --> 00:18:29.880
Be No, no, we're working not a country of physical

407
00:18:29.960 --> 00:18:31.440
laborers for the most.

408
00:18:31.200 --> 00:18:35.000
Part, not anymore. I mean maybe we were, you know absolutely, yeah, right, yeah,

409
00:18:35.920 --> 00:18:37.880
you can't make that case anymore about.

410
00:18:37.680 --> 00:18:40.119
Us, No, you can. I think that's I think that's

411
00:18:40.200 --> 00:18:43.079
very well well put Todd. Next week we've got the

412
00:18:43.200 --> 00:18:46.160
you said talked about inflation. Next Friday is the PCEE,

413
00:18:47.000 --> 00:18:50.559
which of course is advertised as the Fed's most important

414
00:18:51.079 --> 00:18:52.400
gauge of inflation.

415
00:18:52.680 --> 00:18:55.000
You ever hear of a super core CPI.

416
00:18:55.079 --> 00:18:58.000
Super corey, No, you have it?

417
00:18:58.519 --> 00:19:01.119
I got you on this one, okay. I also I've

418
00:19:01.119 --> 00:19:02.680
heard of it in the past. I forgot what it was,

419
00:19:02.680 --> 00:19:05.160
so I looked it up again because you know, supercore. Yeah,

420
00:19:05.160 --> 00:19:09.279
there's CPI, which is just inflation there's core CPI, which

421
00:19:09.279 --> 00:19:12.880
is where you strip out food and energy. Supercore is

422
00:19:12.920 --> 00:19:16.839
where you also strip out housing and rent. The only

423
00:19:16.880 --> 00:19:20.599
thing you have left is all just the airline fares

424
00:19:20.640 --> 00:19:24.359
and insurance and auto and things like that.

425
00:19:24.519 --> 00:19:25.920
And to take out three or fourth though, you have

426
00:19:25.960 --> 00:19:30.000
super supercore. Hey, you guys want a fun fact.

427
00:19:30.079 --> 00:19:30.599
Let's hear it.

428
00:19:30.680 --> 00:19:32.640
Okay, let's even come up with this. I couldn't come

429
00:19:32.720 --> 00:19:37.799
up with this retailer with the most locations.

430
00:19:37.240 --> 00:19:41.519
Worldwide Starbucks sorry retailer, sorry.

431
00:19:41.400 --> 00:19:43.559
The retailer with the most Starbucks And we're the most

432
00:19:43.960 --> 00:19:50.240
retailer what retail establishment? Okay, as the most locations worldwide.

433
00:19:50.240 --> 00:19:55.119
It's subway and you're talking about McDonald's, right, would be

434
00:19:55.160 --> 00:19:58.920
an obvious one. Starbucks would be another pretty obvious one.

435
00:19:58.960 --> 00:19:59.960
I understand that time.

436
00:20:00.039 --> 00:20:00.759
It should be suby.

437
00:20:00.839 --> 00:20:03.039
What if you took those two and added them together,

438
00:20:03.160 --> 00:20:06.880
and this this business has more locations than that. Who

439
00:20:07.599 --> 00:20:14.000
seven eleven? What's seven eleven has eighty three thousand locations nationwide,

440
00:20:14.160 --> 00:20:17.119
more than Starbucks and McDonald's.

441
00:20:16.359 --> 00:20:19.480
Together, and they trade all of them have about forty

442
00:20:19.519 --> 00:20:20.680
thousand they trade publicly.

443
00:20:21.200 --> 00:20:23.039
Seven eleven. Yeah, I don't have a c I've never

444
00:20:23.079 --> 00:20:25.119
bought a share of seven eleven.

445
00:20:25.359 --> 00:20:26.640
I would not be a buyer or seven.

446
00:20:27.759 --> 00:20:29.799
But I think that's interesting. That is an interesting happened

447
00:20:29.799 --> 00:20:31.200
to ship over that, And I thought, well, that's a

448
00:20:31.240 --> 00:20:31.960
that's a fun fact.

449
00:20:32.079 --> 00:20:33.400
I mean, I feel like we don't even have them

450
00:20:33.400 --> 00:20:35.880
many seven elevens here and there zone Tucson, you know,

451
00:20:35.920 --> 00:20:36.400
we got.

452
00:20:36.279 --> 00:20:38.400
No there's there's very little seven levens and Tucson. But

453
00:20:38.920 --> 00:20:43.079
that that so I guess that's that's confusing to me

454
00:20:43.160 --> 00:20:45.480
because they're the most. They think that's the most.

455
00:20:45.480 --> 00:20:49.279
Seven eleven has over eighty thousand locations worldwide. McDonald's has

456
00:20:49.319 --> 00:20:51.359
forty thousand. Stopbucks has forty thousands.

457
00:20:51.359 --> 00:20:52.200
Oh worldwide.

458
00:20:52.319 --> 00:20:54.079
Yeah, I said worldwide, didn't I?

459
00:20:54.279 --> 00:20:54.839
Yeah you did.

460
00:20:55.279 --> 00:20:58.000
I always I always heard Subway had the most worldwide.

461
00:20:58.079 --> 00:21:00.480
Yeah, you might want to google it. I want to

462
00:21:00.519 --> 00:21:02.759
ask Google the ask chat GPT.

463
00:21:03.200 --> 00:21:05.920
Subway has thirty seven thousand locations.

464
00:21:05.480 --> 00:21:07.279
Not even half of what seven eleven has.

465
00:21:07.279 --> 00:21:09.400
It's the largest restaurant change globally.

466
00:21:09.559 --> 00:21:11.319
No, heid McDonald's has over forty.

467
00:21:12.119 --> 00:21:14.599
Now it says that even as a twenty four even surpressed,

468
00:21:14.599 --> 00:21:15.920
make wait a second, how many did you say?

469
00:21:16.119 --> 00:21:17.240
Notty seven thousand?

470
00:21:17.359 --> 00:21:21.359
Well, hear this. Japan. Just Japan has forty thousand, seven

471
00:21:21.400 --> 00:21:22.359
eleven locations.

472
00:21:22.599 --> 00:21:25.279
Japan does yes, see deal in Japan. That's crazy. So

473
00:21:25.319 --> 00:21:27.279
they've got half of the locations in the world.

474
00:21:27.640 --> 00:21:28.359
That's insane.

475
00:21:28.920 --> 00:21:32.000
That doesn't even make sense. How would you have forty three?

476
00:21:32.599 --> 00:21:32.759
There?

477
00:21:32.880 --> 00:21:33.440
Just gotta be some.

478
00:21:33.480 --> 00:21:35.559
I have some great news there. What's the great I

479
00:21:35.599 --> 00:21:39.799
have some great news. Great news. The wholesale price of eggs.

480
00:21:40.279 --> 00:21:42.319
The wholesale price of eggs since the end of February

481
00:21:42.359 --> 00:21:45.000
of falling forty four percent. Perfect the wholesale price.

482
00:21:45.000 --> 00:21:46.680
I thought you said you got rid of your tesla.

483
00:21:47.440 --> 00:21:49.559
I thought that was I said, I have great news.

484
00:21:49.759 --> 00:21:52.000
What are you talking about? Why would you get rid

485
00:21:52.000 --> 00:21:54.759
of tesla? People are buying it? Help out Elon man,

486
00:21:54.839 --> 00:21:55.200
Come on.

487
00:21:55.359 --> 00:21:57.400
Even people that don't like Elon most right now are

488
00:21:57.400 --> 00:21:58.799
buying them just to destroy them.

489
00:21:59.400 --> 00:22:03.279
Is It is interesting because in the last sixty days

490
00:22:03.759 --> 00:22:06.920
I have had a neighbor and I live in the

491
00:22:06.960 --> 00:22:10.400
fort Low Historic district, so it's mostly left wing. Well,

492
00:22:10.440 --> 00:22:12.759
we have a right wing on a ballot and you

493
00:22:12.799 --> 00:22:15.240
can't vote for a republic and because they're not even

494
00:22:15.279 --> 00:22:17.319
on the ballot right, so that's how far left it

495
00:22:17.400 --> 00:22:20.240
is and probably one of the most left wing people

496
00:22:20.359 --> 00:22:24.079
in my neighborhood and a client of mine who I

497
00:22:24.160 --> 00:22:28.079
know to be a Trumpster have both purchased Teslas within

498
00:22:28.119 --> 00:22:32.279
the last sixty days, so I'm not sure. There was

499
00:22:32.319 --> 00:22:35.839
a post on Facebook that had Tom Hanks in the

500
00:22:35.880 --> 00:22:38.799
movie Todd you told me I can't Forcet Gump Forrest Gump,

501
00:22:38.799 --> 00:22:40.400
and he's sitting on the bench and he's gone. Now,

502
00:22:40.480 --> 00:22:43.519
let me get this straight. All of the people that

503
00:22:43.640 --> 00:22:46.799
wanted us to buy electric cars are now hating the

504
00:22:46.880 --> 00:22:51.240
guy that builds electric cars. It does kind of make

505
00:22:51.279 --> 00:22:53.960
you wonder. I mean, the guy's giving up billions of

506
00:22:54.000 --> 00:22:57.519
his own personal wealth, He's given up countless hours of

507
00:22:57.519 --> 00:23:01.200
his time, he rescues of space. What's not to hate

508
00:23:01.200 --> 00:23:02.799
about that guy, you know?

509
00:23:03.240 --> 00:23:05.519
And he's protecting our tax dollars in a fashion.

510
00:23:06.400 --> 00:23:08.880
I feel like I'm really cutting edge because I've gone

511
00:23:08.960 --> 00:23:12.920
from driving a tree hugger car to driving a Nazi

512
00:23:13.000 --> 00:23:16.240
car in twenty two months. And I haven't even swished vehicles.

513
00:23:16.480 --> 00:23:17.599
Yeah that's pretty good.

514
00:23:17.680 --> 00:23:22.119
Huh, that that's pretty good. It's just amazing how the

515
00:23:22.200 --> 00:23:26.440
perception has been. I will say, we're gonna talk about

516
00:23:26.440 --> 00:23:28.480
Tesla In the next segment, I got quite a bit

517
00:23:28.519 --> 00:23:31.680
to say about Tesla economy. Retail sales increased two tenths

518
00:23:31.720 --> 00:23:33.640
of a percent in February time. That's kind of in

519
00:23:33.799 --> 00:23:36.480
line with what you were saying. They actually expected a

520
00:23:36.599 --> 00:23:39.039
six percent rise though, so that's a little bit off.

521
00:23:39.559 --> 00:23:42.680
Sales have previously owned homes up four point two percent

522
00:23:42.720 --> 00:23:45.599
in January. What was that? Retail sales again, two tenths

523
00:23:45.599 --> 00:23:48.279
of a percent in February and they expected six tens

524
00:23:48.279 --> 00:23:48.839
of a percent.

525
00:23:48.960 --> 00:23:50.799
Yeah, coming off a week January makes sense.

526
00:23:50.880 --> 00:23:53.640
Yeah, January is very week, so a little rebound makes sense.

527
00:23:55.079 --> 00:23:58.319
Home depot is now twenty percent below a tie in

528
00:23:58.400 --> 00:24:01.759
bear market territory, and so much for the housing rebound, right,

529
00:24:02.440 --> 00:24:04.319
I mean I heard analyst say we got to buy

530
00:24:04.319 --> 00:24:07.160
home deeple housing is about to rebound. Now, sitting here thinking,

531
00:24:07.319 --> 00:24:11.400
I don't think so, I don't feel that again, talking

532
00:24:11.400 --> 00:24:14.759
about just high end homes selling quickly, homes that are

533
00:24:14.759 --> 00:24:17.960
not high end homes struggling to find a market. Anyway.

534
00:24:18.160 --> 00:24:21.559
We'll be back with this March Madness edition right after

535
00:24:21.599 --> 00:24:24.000
this break. Thanks again for joining us. We appreciate it.

536
00:24:24.200 --> 00:24:26.200
Welcome back to the Money Matter Show. My name is

537
00:24:26.240 --> 00:24:29.519
Todd Glick. I'm here with Sebastian Borsini and David Sherwood.

538
00:24:30.000 --> 00:24:32.759
This week in the market, we had some more volatility

539
00:24:32.839 --> 00:24:34.680
ups and downs, so we actually finished the week up

540
00:24:34.799 --> 00:24:36.759
about fifty basis points on the S and P five

541
00:24:36.880 --> 00:24:37.519
hundred throw.

542
00:24:37.519 --> 00:24:38.720
A four week losing EA streak.

543
00:24:39.000 --> 00:24:41.559
You know what we've been hearing a lot about is Tesla.

544
00:24:42.119 --> 00:24:45.359
I got, yes, I got texts, emails. People want to

545
00:24:45.400 --> 00:24:48.440
know what we should be doing. And then you as well,

546
00:24:48.559 --> 00:24:50.799
you've been getting a lot. So let's talk a little

547
00:24:50.839 --> 00:24:51.559
bit about Tesla.

548
00:24:51.680 --> 00:24:52.039
All right.

549
00:24:52.079 --> 00:24:54.319
So a woman in Los Angeles, get this. A woman

550
00:24:54.359 --> 00:24:56.160
in Los Angeles, I know, just want to listen back

551
00:24:56.200 --> 00:24:58.079
to the radio show. I say, get this a lot.

552
00:24:58.480 --> 00:25:01.240
I need to stop saying that. Yeah. Sorry. A woman

553
00:25:01.279 --> 00:25:05.039
in Los Angeles has a twenty nineteen Tesla. She's had

554
00:25:05.039 --> 00:25:07.200
the Tesla for a while, right, it's the twenty nineteen

555
00:25:07.720 --> 00:25:11.240
She comes home to a note in her mailbox. High neighbor,

556
00:25:11.680 --> 00:25:14.680
would you please consider getting rid of your Tesla vehicle.

557
00:25:15.000 --> 00:25:17.640
The message you are sending is I am a Nazi too.

558
00:25:17.839 --> 00:25:19.079
That is so ridiculous.

559
00:25:19.240 --> 00:25:22.680
I mean, twenty nineteen, she's had the car for six years.

560
00:25:22.960 --> 00:25:25.480
I don't care. Who cares how long you've had the car? Why?

561
00:25:25.599 --> 00:25:27.880
Like snith, that's crazy.

562
00:25:29.839 --> 00:25:33.519
I guess I've had in the past week. This past

563
00:25:33.559 --> 00:25:37.319
week I had more people. Now, we were money managers,

564
00:25:37.319 --> 00:25:39.599
so we don't clients don't give us a lot of

565
00:25:39.640 --> 00:25:43.160
input after we get originally get set up. No the routine, no,

566
00:25:43.319 --> 00:25:47.319
the risk tolerance, know their profile, know what they're trying

567
00:25:47.319 --> 00:25:49.319
to achieve, and then they hand it over to us

568
00:25:49.319 --> 00:25:52.759
when we drive. So I seldom get a client calling

569
00:25:52.799 --> 00:25:56.000
and saying what about this stock? What about that stock?

570
00:25:56.839 --> 00:26:02.680
I had more calls from our client last week about

571
00:26:02.759 --> 00:26:04.920
whether or not it was a good time to buy

572
00:26:04.960 --> 00:26:08.920
Tesla than any other stock in the forty years I've

573
00:26:08.920 --> 00:26:09.200
been doing.

574
00:26:09.319 --> 00:26:11.799
I have one that might have that beat DJT. What

575
00:26:11.839 --> 00:26:13.960
about that? You think you've had more people wanted to

576
00:26:13.960 --> 00:26:15.119
buy a Tesla than DJT?

577
00:26:15.319 --> 00:26:18.640
Yes? Really, yes, yeah, I had a few with DJQ,

578
00:26:18.839 --> 00:26:20.799
but it was spread out over a period of periods

579
00:26:20.799 --> 00:26:23.599
of weeks when Trump was running. Right, This was all

580
00:26:23.680 --> 00:26:26.319
last week, and it was at least five or six people.

581
00:26:26.359 --> 00:26:28.319
I mean, if I have one, it's a big deal.

582
00:26:28.400 --> 00:26:30.640
One client call and say, hey, how about IBM. You

583
00:26:30.640 --> 00:26:32.759
know that's like, oh, really, you want to. You know,

584
00:26:32.960 --> 00:26:35.000
it's just rare. It's it's not the kind of business

585
00:26:35.079 --> 00:26:37.880
we have at least a half a dozen people. The

586
00:26:37.920 --> 00:26:42.240
stock did respond with a five percent rally on Friday.

587
00:26:42.319 --> 00:26:46.640
It still has the price earnings of eighty. There's a

588
00:26:46.759 --> 00:26:50.400
lot of moving parts price targets. I'm seeing between one

589
00:26:50.480 --> 00:26:54.519
hundred and seventy and three hundred. It closed it about

590
00:26:54.599 --> 00:26:58.279
five I think on Friday. Price started between one seventy

591
00:26:58.319 --> 00:27:01.160
and three hundred. One potential source of income they had

592
00:27:01.279 --> 00:27:03.599
was there one hundred and ninety nine dollars driver list

593
00:27:03.720 --> 00:27:07.519
technology fee. They recently reduced that to ninety nine dollars

594
00:27:07.559 --> 00:27:09.720
because many of their competitors are offering it for free.

595
00:27:10.400 --> 00:27:12.559
So that was going to be a source of revenue

596
00:27:12.680 --> 00:27:16.720
that's gone. The stock did move higher at the open

597
00:27:16.759 --> 00:27:20.079
on Wednesday after the company received approval from the California

598
00:27:20.119 --> 00:27:25.839
Public Utilities Commission for a passenger transport the transport permit.

599
00:27:26.279 --> 00:27:29.119
Company applied for the permo to offer ride hailing services,

600
00:27:29.119 --> 00:27:32.359
which could have eventually lead to that robo taxi service.

601
00:27:32.400 --> 00:27:37.640
That's that's coming. It's it's and you know, you look

602
00:27:37.640 --> 00:27:39.720
at you look at things, you said, well, gosh, what's

603
00:27:39.839 --> 00:27:44.480
weighing on the stock. This this this backlash against Musk,

604
00:27:45.799 --> 00:27:48.279
and I'm really not sure where that's coming from. Honestly,

605
00:27:48.359 --> 00:27:51.359
I think it's against the administration in general. But Musk

606
00:27:51.519 --> 00:27:52.640
is an easy target.

607
00:27:52.640 --> 00:27:54.400
Easy target because he's part of it, and he's been

608
00:27:54.440 --> 00:27:57.319
part of dose. I mean, last four weeks here in Tucson,

609
00:27:57.359 --> 00:28:01.200
we've had people protesting elon Musk. And they're the Tesla cars.

610
00:28:01.559 --> 00:28:04.200
Yeah, yeah, Ok. They were at Oracle and I and

611
00:28:04.240 --> 00:28:06.119
they were at Oracle and River and they've moved over

612
00:28:06.160 --> 00:28:09.759
to Camberland River every Saturday. And we're not sure why

613
00:28:09.799 --> 00:28:12.400
they moved to Camberland River, which is much less heavily

614
00:28:12.400 --> 00:28:13.640
traveled than Oracle and River.

615
00:28:13.759 --> 00:28:16.039
We'll see if it's the you We'll see if they

616
00:28:16.079 --> 00:28:17.519
do it for the fifth time this weekend.

617
00:28:17.519 --> 00:28:19.400
They might have gotten run out because it's too close

618
00:28:19.400 --> 00:28:21.720
to the Tesla dealership, you know. And then you've got

619
00:28:21.880 --> 00:28:25.759
this crazy stuff going on, like uh, Mark Kelly, Senator

620
00:28:25.799 --> 00:28:30.920
Mark Kelly uh trades in is Tesla and gets a Taho.

621
00:28:31.359 --> 00:28:35.640
What happened? I mean, are there no other electric cars available?

622
00:28:35.720 --> 00:28:35.920
Mark?

623
00:28:36.640 --> 00:28:39.279
You had to get a Tahoe? You know. It's just

624
00:28:39.759 --> 00:28:43.319
it's and and Edmunds. The car the used car. Uh,

625
00:28:43.400 --> 00:28:47.680
I think it's used car. It's a car pricing service, Edmunds. Right,

626
00:28:48.240 --> 00:28:50.839
They showed the Tesla owners have been trading in. This

627
00:28:50.920 --> 00:28:53.880
is the headline. Tesla owners have been trading in their

628
00:28:53.960 --> 00:28:58.920
vehicles at record levels since Musk joined Trump's White House. Well,

629
00:29:00.240 --> 00:29:02.200
there have not been a lot of Tesla's out there

630
00:29:02.200 --> 00:29:05.119
to be traded in. Number one. Number two, if you

631
00:29:05.200 --> 00:29:07.720
trade in your Tesla for a new Tesla, which is

632
00:29:07.799 --> 00:29:11.359
what most people do, it doesn't count. They don't. They don't.

633
00:29:11.359 --> 00:29:12.160
They don't take that out.

634
00:29:12.240 --> 00:29:12.839
They don't take that.

635
00:29:13.000 --> 00:29:13.839
No, that's included.

636
00:29:13.880 --> 00:29:14.599
That's ridiculous.

637
00:29:14.640 --> 00:29:17.920
That's included. So, I mean, it's just it's just just ridiculous,

638
00:29:18.599 --> 00:29:20.200
you know. And and how hard is it to hit

639
00:29:20.240 --> 00:29:24.799
a record number of return cars when when, first of all,

640
00:29:24.839 --> 00:29:27.480
the Tesla really became popular about three or four years ago.

641
00:29:27.480 --> 00:29:28.839
So either are a lot of these cars are coming

642
00:29:28.880 --> 00:29:31.759
off of leath, plus how many of them have actually

643
00:29:31.839 --> 00:29:33.640
been turned in over the last few years. Whether you're

644
00:29:33.640 --> 00:29:37.599
pro Tesla, pro electric, well, whatever you are, it's just

645
00:29:37.720 --> 00:29:40.880
it's just it just doesn't seem right. Shock's down fifty

646
00:29:40.920 --> 00:29:43.720
percent from its high, but it did rally four percent

647
00:29:43.759 --> 00:29:44.200
on Friday.

648
00:29:44.319 --> 00:29:48.160
And I think that that came about because Thursday, Elon

649
00:29:48.240 --> 00:29:50.559
Musk came out and said to the shareholders, hold a stock,

650
00:29:50.599 --> 00:29:51.400
we have a bright future.

651
00:29:51.480 --> 00:29:53.759
Hud Well, you know that he could say that, but

652
00:29:54.279 --> 00:29:56.319
well I heard I heard that too, But I don't

653
00:29:56.319 --> 00:29:56.880
think that.

654
00:29:56.839 --> 00:29:59.240
Was You really don't think that Elon Musk moves that stuck.

655
00:29:59.559 --> 00:30:01.039
I think that he moves it quite a bit, and

656
00:30:01.079 --> 00:30:02.319
I think that he has in the past.

657
00:30:02.880 --> 00:30:05.119
I think he moved it. He has the ability to

658
00:30:05.160 --> 00:30:07.000
move it for sure. Maybe, I mean, you could definitely

659
00:30:07.039 --> 00:30:09.000
make a case of this particular one. Maybe wasn't, but

660
00:30:09.640 --> 00:30:12.519
for sure he has had I mean, imagine not imagine.

661
00:30:12.519 --> 00:30:16.279
Remember when he did the smoking on de Rogan and

662
00:30:16.279 --> 00:30:18.839
the stock Mark stock dropped like ten percent just for him.

663
00:30:18.880 --> 00:30:21.240
He didn't even say anything. And then when he said, uh,

664
00:30:21.319 --> 00:30:24.799
we're gonna go to I'm taking it private at four twenty,

665
00:30:24.960 --> 00:30:28.119
the stock went almost like immediately.

666
00:30:28.279 --> 00:30:30.559
And then when he was buying when he was buying Twitter.

667
00:30:30.759 --> 00:30:32.359
Now X, it will rallied.

668
00:30:32.599 --> 00:30:34.640
Doesn't mean it will stick around, but there's definitely I

669
00:30:34.640 --> 00:30:37.079
think we live in an era where it's it's it's

670
00:30:37.119 --> 00:30:39.519
your four Yeah, you know you hear hear him talking

671
00:30:39.519 --> 00:30:41.279
about doche cooin and all of a sudden dose coin's

672
00:30:41.319 --> 00:30:41.759
going up.

673
00:30:41.960 --> 00:30:43.200
Yeah. I think the thing you have to keep in

674
00:30:43.279 --> 00:30:45.920
mind if you're interested in Tesla at these levels, and

675
00:30:46.119 --> 00:30:48.400
remember it was for eighty eight not that long ago,

676
00:30:48.480 --> 00:30:52.039
so two thirty five looks pretty darn attractive. It's still

677
00:30:52.079 --> 00:30:55.079
the price earning RACO of eighty. Their business is still

678
00:30:55.119 --> 00:30:58.880
slowing because of competition and pushback against Musk.

679
00:30:59.319 --> 00:31:01.640
They're not getting credits that they're not going to get

680
00:31:01.640 --> 00:31:03.759
regulatory credits in the same fashion that they were.

681
00:31:04.200 --> 00:31:07.079
Well that it depends. I know Trump is threatened against US,

682
00:31:07.119 --> 00:31:09.200
but I don't think anything has been done there. I

683
00:31:09.240 --> 00:31:11.119
had to client get them just a week ago.

684
00:31:11.680 --> 00:31:15.920
I would expect that that ESG slows away and that

685
00:31:16.119 --> 00:31:18.480
is gonna I mean, that's part of their revenue. Sources.

686
00:31:18.799 --> 00:31:20.880
Other companies will pay them because they have so much

687
00:31:20.920 --> 00:31:24.359
access credit. If that system gets abandoned, that's a little

688
00:31:24.359 --> 00:31:26.079
bit less of revenue again. I mean, they make a

689
00:31:26.119 --> 00:31:27.160
couple of billions just from that.

690
00:31:27.640 --> 00:31:30.119
I just think it'd be careful if you want to,

691
00:31:30.480 --> 00:31:33.400
you know, buy a little bit to support Elon, that's fine.

692
00:31:33.279 --> 00:31:35.279
And not just a car company too. Though you have

693
00:31:35.319 --> 00:31:39.119
you guys seen anything about the human eyed robot humanoid robot.

694
00:31:39.039 --> 00:31:39.799
The Tesla one.

695
00:31:39.960 --> 00:31:43.640
Yeah, they're I don't think that it's really making much

696
00:31:44.359 --> 00:31:46.559
way just yet. They're still learning how to walk and

697
00:31:46.559 --> 00:31:48.799
catch balls. But eventually they're trying to make it like

698
00:31:48.839 --> 00:31:50.599
the R two D two out of Star Wars. How

699
00:31:50.640 --> 00:31:52.559
are you going to monetize this? We'll see you know.

700
00:31:52.640 --> 00:31:54.559
Well, no, it's very simple how you monetize it. It's

701
00:31:54.559 --> 00:31:57.160
a personal superistant for your home. It would, in theory,

702
00:31:57.200 --> 00:32:00.519
be able to do all your chores. It's like having

703
00:32:00.599 --> 00:32:02.160
an old school housewife at your home.

704
00:32:02.400 --> 00:32:04.799
Next, I guess I just say, how do we monetize this?

705
00:32:05.359 --> 00:32:07.640
It's hard for me to grasp just yet.

706
00:32:08.240 --> 00:32:10.880
Well, first of all, you have to pay for just

707
00:32:11.240 --> 00:32:14.559
obviously the robot. Then you can have subscription services on

708
00:32:14.680 --> 00:32:16.559
the robot that's the top of the cloud that gives

709
00:32:16.599 --> 00:32:18.839
you even more ability that the robot can do. So

710
00:32:18.880 --> 00:32:22.640
the more and more you you subscribe to those different services,

711
00:32:22.640 --> 00:32:23.519
you get those things, and.

712
00:32:23.519 --> 00:32:26.599
Then corporations start to buy it. McDonald's let alone.

713
00:32:26.640 --> 00:32:28.400
Yeah, I mean, we saw with n Video this week

714
00:32:28.400 --> 00:32:32.200
on their GtC conference that they could possibly have whole

715
00:32:32.240 --> 00:32:34.200
factories of robots making things.

716
00:32:34.319 --> 00:32:35.920
Well, how many houses do you walk into it and

717
00:32:36.000 --> 00:32:40.880
have that annoying disc going around the robot the annoying

718
00:32:40.920 --> 00:32:43.519
disc yeah, the vacuum, yeah.

719
00:32:43.519 --> 00:32:47.039
Yeah, yeah, right, and eventually that's where it's going to be,

720
00:32:47.160 --> 00:32:50.519
you know, and we're and realistically, I saw a video

721
00:32:50.720 --> 00:32:54.000
of Boston Dynamics. This is a it's a private company.

722
00:32:54.000 --> 00:32:56.440
Boston Dynamics has the most state of the art robots,

723
00:32:56.480 --> 00:32:58.720
in my opinion, that I've seen. I mean, these things

724
00:32:59.079 --> 00:33:00.559
are insanely impressed.

725
00:33:00.599 --> 00:33:02.359
And these are the ones that were that taught them

726
00:33:02.359 --> 00:33:06.519
to play soccer, Yes, and then they taught themselves how

727
00:33:06.519 --> 00:33:10.960
to play it better. Are you kidding me? They taught

728
00:33:11.000 --> 00:33:13.960
the robots how to play soccer and then taught each

729
00:33:13.960 --> 00:33:15.799
other how to play it better. Yeah.

730
00:33:16.720 --> 00:33:19.640
Well, you know, it's really along those lines as AI.

731
00:33:19.799 --> 00:33:22.079
I mean, this has been known for years and years now,

732
00:33:22.119 --> 00:33:25.720
but the top chess player in the world can't even

733
00:33:25.799 --> 00:33:30.200
come close to the AI version of chess because the AI.

734
00:33:31.599 --> 00:33:35.799
So the last kind of covet that they were trying

735
00:33:35.799 --> 00:33:38.960
to find is that go. The game Go is a

736
00:33:39.000 --> 00:33:42.200
really hard game. It's very subjective, and computers weren't good

737
00:33:42.200 --> 00:33:44.559
at it, and so eventually they were able to create

738
00:33:44.599 --> 00:33:47.279
a supercomputer that beat the best go player in the world,

739
00:33:47.680 --> 00:33:49.359
and the go player the best goal player in the world.

740
00:33:49.400 --> 00:33:51.759
Is like, he did something that made absolutely no sense,

741
00:33:52.000 --> 00:33:53.720
and then by the time we were done with the game,

742
00:33:53.960 --> 00:33:57.079
it made perfect sense. He knew how to play against

743
00:33:57.400 --> 00:34:01.640
my emotions. Like the robot figured out that he had

744
00:34:01.680 --> 00:34:03.759
to do something wrong because the other player was playing

745
00:34:03.799 --> 00:34:08.400
so right to mess up his formula. Wow, these things

746
00:34:08.480 --> 00:34:10.800
are insane and so now, yeah, even the best chess

747
00:34:10.800 --> 00:34:13.159
player in the world can't even come close to these things.

748
00:34:13.440 --> 00:34:16.519
So eventually you would think that all these different manufacturing

749
00:34:16.559 --> 00:34:18.719
jobs is humans aren't going to come close to the

750
00:34:19.079 --> 00:34:21.679
level of perfection that these robots are going to be

751
00:34:21.679 --> 00:34:24.519
able to perform at. So why would you use human

752
00:34:25.199 --> 00:34:25.960
capital for that?

753
00:34:26.719 --> 00:34:29.159
Yeah, and then to run down some of the markets

754
00:34:29.159 --> 00:34:31.599
that oil was up a dollar thirty to sixty eight thirty.

755
00:34:31.639 --> 00:34:33.960
You're going from that to to oil?

756
00:34:34.559 --> 00:34:36.199
You know, well, you need you need to.

757
00:34:37.880 --> 00:34:40.760
I thought we have more to talk about. Just think

758
00:34:40.760 --> 00:34:43.039
about how much they're more there is to NA video

759
00:34:43.079 --> 00:34:45.800
When people are like, how much more can it go? Well,

760
00:34:45.840 --> 00:34:49.519
we're we're just talking about your phones and our TVs

761
00:34:49.559 --> 00:34:51.800
and computers that need these things, and and and we

762
00:34:51.880 --> 00:34:54.000
know that cars have a whole bunch of and they're

763
00:34:54.000 --> 00:34:56.039
going to continue to need more and more advanced things.

764
00:34:56.119 --> 00:34:57.480
I mean, eventually your car is gonna be able to

765
00:34:57.559 --> 00:34:59.320
dry for you, so it's going to need that Blackwell

766
00:34:59.440 --> 00:35:00.679
chip in that car.

767
00:35:00.760 --> 00:35:02.840
So on that note, didn't in video just come out

768
00:35:02.840 --> 00:35:04.360
and make an agreement with the GM.

769
00:35:05.400 --> 00:35:06.039
I didn't see that.

770
00:35:06.079 --> 00:35:07.199
I'll look it up.

771
00:35:07.559 --> 00:35:09.840
I mean that these are things that you know, obviously

772
00:35:09.880 --> 00:35:12.639
am D this is a company that has been absolutely

773
00:35:12.639 --> 00:35:16.440
hammered on price. But AMD's another company has good chips,

774
00:35:16.639 --> 00:35:18.719
you know, and there's a lot of companies that are

775
00:35:18.719 --> 00:35:21.000
coming out with these things. What is the future of it?

776
00:35:21.119 --> 00:35:23.039
I think the video CEO really is pointing to the

777
00:35:23.039 --> 00:35:25.599
fact that we don't even realize or probably in the

778
00:35:25.599 --> 00:35:27.840
third or fourth ending of this thing, because there's so

779
00:35:27.960 --> 00:35:30.960
much more capabilities that could be brought out. And then

780
00:35:31.039 --> 00:35:33.880
it's like, well, there's a lot more people that want

781
00:35:33.920 --> 00:35:36.480
these chips than just who we thought originally. It's not

782
00:35:36.519 --> 00:35:36.960
just meta.

783
00:35:37.119 --> 00:35:40.079
Yeah, I could expand that, you know, coming up on

784
00:35:40.119 --> 00:35:41.800
a break here, we'll get it ra after the break

785
00:35:41.920 --> 00:35:44.880
fashion and we'll be back again right after this break.

786
00:35:45.480 --> 00:35:47.079
Welcome back to the Money Matter Show. My name is

787
00:35:47.119 --> 00:35:49.840
Sebastian Borsini. I'm here with David Sherwood and Todd Click.

788
00:35:50.440 --> 00:35:51.920
Right before the break, we were talking about how in

789
00:35:52.039 --> 00:35:54.480
Video was actually going to be partnering with General Motors

790
00:35:54.519 --> 00:35:57.760
to jointly develop the next generation vehicles that incorporate artificial

791
00:35:57.840 --> 00:36:00.320
intelligence within the vehicles.

792
00:36:00.760 --> 00:36:04.519
Yeah, and then Vidio Shock is just stuck in the mud.

793
00:36:04.960 --> 00:36:07.840
And I thought, I saw Jim Kremer talking about today

794
00:36:07.880 --> 00:36:11.320
and he said that it's become a meme stocks. It's

795
00:36:11.360 --> 00:36:14.880
in the hands of the short term traders who are buying, selling,

796
00:36:14.880 --> 00:36:18.840
buying something by you know, the zero dated option people.

797
00:36:19.159 --> 00:36:22.360
I think that's also to be fair to maybe not

798
00:36:22.400 --> 00:36:24.000
to be fair to create. That's the world we live

799
00:36:24.039 --> 00:36:26.119
in now. I mean, we live in a very volatile

800
00:36:26.599 --> 00:36:30.320
trading market. Right we look at Apple. Apple fell off

801
00:36:30.320 --> 00:36:32.800
a cliff, Tesla fell off of the video fel I mean,

802
00:36:32.840 --> 00:36:34.880
it's not just the video to a lot of Max

803
00:36:34.920 --> 00:36:37.000
Seven's trade like crazy betas.

804
00:36:37.079 --> 00:36:39.960
As of Monday, we were talking about last week how

805
00:36:39.960 --> 00:36:43.360
many stocks are off twenty percent off their highs. Alphabet

806
00:36:43.599 --> 00:36:46.519
down twenty one point one percent, Amazon down nineteen point

807
00:36:46.599 --> 00:36:49.760
nine percent, Apple down nineteen percent, Meta down nineteen point

808
00:36:49.800 --> 00:36:53.320
eight percent, Microsoft nineteen percent, in Vidia twenty two point

809
00:36:53.360 --> 00:36:55.639
seven percent, and as of Monday, Tesla was down fifty

810
00:36:55.639 --> 00:36:58.480
percent off of its highs. Yeah, all MAGS seven stocks

811
00:36:58.639 --> 00:36:59.400
getting destroyed.

812
00:36:59.480 --> 00:37:01.679
All the makes Evan's got taken, and that's what we

813
00:37:01.719 --> 00:37:02.760
see in this price movement.

814
00:37:02.840 --> 00:37:02.960
Right.

815
00:37:03.000 --> 00:37:04.519
We talked about how the equal weight it is only

816
00:37:04.559 --> 00:37:07.440
down eighty basis points for the year, whereas the SMP

817
00:37:07.760 --> 00:37:10.320
down three point six. The Nasdaq, which is pretty much

818
00:37:10.519 --> 00:37:13.000
a lot of those MAGS seven is down eight percent.

819
00:37:13.079 --> 00:37:17.000
So we're seeing a segment of the economy getting traded

820
00:37:17.000 --> 00:37:20.000
off because of some of that euphoria of all this

821
00:37:20.079 --> 00:37:21.639
growth we're going to have is maybe not going to

822
00:37:21.639 --> 00:37:24.880
be around with tariffs. But again, I don't see how

823
00:37:24.920 --> 00:37:27.320
that makes too much of an impact, especially if you're

824
00:37:28.000 --> 00:37:31.559
an Amazon or a Google, Like, how did tariffs impact

825
00:37:31.599 --> 00:37:32.760
your business model? Yeah?

826
00:37:32.840 --> 00:37:35.599
Yeah, we saw the same thing with Tesla after the election,

827
00:37:35.719 --> 00:37:39.760
when Tesla doubled, literally doubled in about a month, and

828
00:37:39.800 --> 00:37:42.559
we were on this show said this is crazy, this

829
00:37:42.679 --> 00:37:46.480
makes no sense. This stock is over priced, this stock

830
00:37:46.519 --> 00:37:49.079
can't have to come down. Well, you know, there was

831
00:37:49.119 --> 00:37:52.199
a lot of other things that went into that formula.

832
00:37:52.239 --> 00:37:53.880
But I think the stock probably would have gone from

833
00:37:53.920 --> 00:37:57.760
four eighty eight down to three point fifty without the

834
00:37:57.800 --> 00:38:00.559
hatred of the mosque that we're seeing out the right.

835
00:38:00.599 --> 00:38:03.320
And we talk about some companies. We talked about AMD

836
00:38:03.400 --> 00:38:05.599
before the break, but this is a company that has

837
00:38:05.960 --> 00:38:08.360
just gotten absolutely hammered. They were in the two forty

838
00:38:09.280 --> 00:38:12.119
amnd right that we call it the cousin of the

839
00:38:12.199 --> 00:38:16.960
video because it's actually the cousin literally literally literally and figuratively.

840
00:38:17.440 --> 00:38:17.559
Uh.

841
00:38:17.679 --> 00:38:21.000
But this this company is actually pretty cheap relative at

842
00:38:21.000 --> 00:38:23.119
this point. I mean, their ford price I think was

843
00:38:23.519 --> 00:38:28.559
a thirty thirty five. They do have earnings. I think

844
00:38:28.599 --> 00:38:31.239
that's an interesting company where you could potentially get your

845
00:38:31.280 --> 00:38:31.840
feet wet.

846
00:38:32.719 --> 00:38:34.360
Yeah, and it seems like it did not want to

847
00:38:34.360 --> 00:38:36.320
go lower than one hundred. I saw trading around ninety

848
00:38:36.639 --> 00:38:38.920
ninety five to around one oh five. It did not

849
00:38:38.960 --> 00:38:39.960
get lower than ninety five.

850
00:38:40.079 --> 00:38:42.320
It was hard off that ninety six level for sure.

851
00:38:42.880 --> 00:38:45.559
And it's Ford pe ratio is about twenty three currently.

852
00:38:45.639 --> 00:38:48.000
It's a cheap thing. It's a cheap, cheap company right now.

853
00:38:48.119 --> 00:38:50.199
Yeah, we talk about a lot of stocks on this show.

854
00:38:50.559 --> 00:38:54.280
We're not recommending these stocks. We're simply making observations. We're

855
00:38:54.320 --> 00:38:57.360
showing areas. Eventually, we don't know your risk tolerance, we

856
00:38:57.400 --> 00:39:01.159
don't know your objectives. These are not recommens we're making

857
00:39:01.280 --> 00:39:04.000
for you. No, you'd like to know what our recommendations

858
00:39:04.039 --> 00:39:05.119
are place, come see us.

859
00:39:05.480 --> 00:39:07.840
But this is a stock that's definitely on the RS.

860
00:39:08.000 --> 00:39:12.320
I sold off everything. It looks like it's gonna keep

861
00:39:12.320 --> 00:39:15.400
going down, and so that's that's the question is whether

862
00:39:15.480 --> 00:39:17.719
it will continue it slide down. This is something that

863
00:39:17.800 --> 00:39:19.400
was at two twenty all the way down to that.

864
00:39:19.920 --> 00:39:21.639
I mean it's something that we used to own around

865
00:39:21.679 --> 00:39:23.360
one hundred and eighty and we saw that four pe

866
00:39:23.480 --> 00:39:25.639
ratio to thought, hey, you know what, this is getting

867
00:39:25.760 --> 00:39:27.440
really really really expensive.

868
00:39:27.519 --> 00:39:31.559
Hey. My argument for a tech stock would be Dell.

869
00:39:33.159 --> 00:39:37.559
Dell Computers. We are about to come to the end

870
00:39:37.599 --> 00:39:41.599
of Windows ten being supported, which means anyone that has

871
00:39:41.639 --> 00:39:44.079
Windows ten is either going to upgrade, and if you're

872
00:39:44.079 --> 00:39:45.679
going to upgrade, you might as well get a new PC.

873
00:39:46.320 --> 00:39:49.480
So I think there's a couple of analysts who believe

874
00:39:49.880 --> 00:39:54.159
we're about to embark on a upgrade cycle, and Dell

875
00:39:54.239 --> 00:39:58.199
is telling it nine times earnings. Wow, nine wow, So

876
00:39:58.559 --> 00:39:58.960
I don't know.

877
00:39:59.320 --> 00:40:02.039
By the way, and on the way into the office,

878
00:40:02.079 --> 00:40:04.800
I had to almost remind myself that. And this for

879
00:40:05.199 --> 00:40:09.559
the listeners too. PE ratios are dependent on industries, but

880
00:40:09.599 --> 00:40:13.480
not only industries. They're dependent on subcategories of the industry.

881
00:40:13.519 --> 00:40:15.880
Like Dell. You could say, just on the faith value.

882
00:40:15.920 --> 00:40:18.360
It's a technology company, yep, right, but it does not

883
00:40:18.480 --> 00:40:21.639
deserve the same growth rate as an alphabet no, right,

884
00:40:21.679 --> 00:40:23.800
So a PE of an alphabet should be higher than

885
00:40:23.840 --> 00:40:26.400
a Dell, right. And so that's when you're looking at

886
00:40:26.400 --> 00:40:31.519
PE ratios. Obviously, something like a Verizon or McDonald's should

887
00:40:31.599 --> 00:40:34.079
have a lower PE relative than the market you would

888
00:40:34.119 --> 00:40:36.760
think because they're not businesses that are growing at the

889
00:40:36.760 --> 00:40:39.559
same rate of others as the S andp on hold

890
00:40:39.559 --> 00:40:41.360
because the other business are technology companies.

891
00:40:41.960 --> 00:40:42.519
You know that.

892
00:40:42.960 --> 00:40:47.079
And it's all just hypothetical. It's pressed price to magic ratio.

893
00:40:47.119 --> 00:40:50.960
Oh absolutely, absolutely, just a guide. It's just just one guide.

894
00:40:51.280 --> 00:40:53.480
We look at that, we look at the technicals, we

895
00:40:53.519 --> 00:40:55.960
look at the earnings, we look at the dividend growth rate,

896
00:40:56.440 --> 00:40:58.880
all kinds of things coming into whether or not you

897
00:40:59.079 --> 00:40:59.599
like a stock.

898
00:41:00.239 --> 00:41:01.840
But it's like if you were trying to compare a

899
00:41:01.880 --> 00:41:04.880
Verizon's pe to an Apple and say, oh, this stock

900
00:41:04.960 --> 00:41:07.719
is just so cheap. Well, there's a reason it's cheap, right,

901
00:41:07.719 --> 00:41:11.119
There's there's a little reason that they're only expecting this

902
00:41:11.239 --> 00:41:13.440
much growth because that business model can only do that much,

903
00:41:13.880 --> 00:41:15.760
whereas other ones that are just expecting more.

904
00:41:15.920 --> 00:41:18.719
Right, because up until the last twelve months, Verizon is

905
00:41:18.760 --> 00:41:21.440
where you send money to die, you know, I mean,

906
00:41:22.360 --> 00:41:24.960
five six percent, that was it. That's what you're going

907
00:41:25.000 --> 00:41:28.320
to get, right, Same with AT and T right, same thing.

908
00:41:28.320 --> 00:41:30.760
And then they both had really strong moves within the

909
00:41:30.800 --> 00:41:33.320
last twelve months or so because they're I find they

910
00:41:33.400 --> 00:41:34.199
found ways.

911
00:41:33.920 --> 00:41:35.159
To lie to people.

912
00:41:35.199 --> 00:41:37.840
I mean, really, that's bind people. That's really been.

913
00:41:37.880 --> 00:41:39.039
To get us out of our money.

914
00:41:40.000 --> 00:41:43.039
It's really been value though as a whole. That's I mean,

915
00:41:43.159 --> 00:41:45.440
money has been dead for two years. It feels like

916
00:41:46.280 --> 00:41:49.800
until recently you've had some of these big principal appreciations

917
00:41:49.800 --> 00:41:52.519
that kind of help make up for the fear of

918
00:41:52.519 --> 00:41:54.679
missing out that you've seen all these other I mean,

919
00:41:54.760 --> 00:41:56.760
if you're a value investor over the last five years,

920
00:41:56.800 --> 00:41:58.519
you're you're not loving yourself now.

921
00:41:58.559 --> 00:42:01.079
And we thought last year's value probably would dominate, but

922
00:42:01.119 --> 00:42:04.519
it didn't. Know, and this year it's so far it has. Yes,

923
00:42:05.000 --> 00:42:08.119
value has become the place to be. And generally, when

924
00:42:08.119 --> 00:42:10.519
it's a risk off type of market, which is what

925
00:42:10.559 --> 00:42:11.320
we have right now.

926
00:42:11.239 --> 00:42:13.159
Risk off, value performers will.

927
00:42:13.119 --> 00:42:16.920
Risk off just being not necessarily taking all of your

928
00:42:17.000 --> 00:42:19.679
risk off, but reducing your risk, yes, taking time of

929
00:42:19.719 --> 00:42:20.400
the risk off.

930
00:42:20.519 --> 00:42:22.920
And when you're talking about value, talk about yields. And

931
00:42:22.960 --> 00:42:25.079
this is something we'll talk about in financial plans a

932
00:42:25.079 --> 00:42:27.119
lot where a client will come in and they'll saying,

933
00:42:27.159 --> 00:42:30.280
I want my investment portfolio to kick off this amount

934
00:42:30.280 --> 00:42:32.519
of interest. But what you have to realize is if

935
00:42:32.519 --> 00:42:36.760
you're getting more than maybe five or six percent yields

936
00:42:36.800 --> 00:42:39.559
at these rates, that yield's coming with some type of risk.

937
00:42:40.679 --> 00:42:41.840
The principle itself.

938
00:42:42.159 --> 00:42:44.199
Oh yeah, the higher the yield, the more you have

939
00:42:44.239 --> 00:42:45.159
to look at it twice.

940
00:42:45.400 --> 00:42:47.840
So just because you find a twelve percent yield doesn't

941
00:42:47.880 --> 00:42:50.400
mean that it's not a beta of the market. I mean,

942
00:42:50.440 --> 00:42:52.360
you could still be losing good amount of money. I

943
00:42:52.400 --> 00:42:54.440
mean normally that I've seen is if you have a

944
00:42:54.519 --> 00:42:57.480
yield more than ten percent, you're probably just as volatile

945
00:42:57.519 --> 00:42:58.519
as you would be in them.

946
00:42:58.519 --> 00:43:00.719
Well, company is probably in trouble what's happening.

947
00:43:00.920 --> 00:43:03.480
Well, you know, you have these funds I'm saying, you know, like, oh,

948
00:43:03.639 --> 00:43:05.719
these closed end funds and high income funds that can

949
00:43:05.760 --> 00:43:07.639
get close to these nine to eleven percent because they

950
00:43:07.639 --> 00:43:10.199
have a thousands of convertible bonds in them and they

951
00:43:10.199 --> 00:43:13.840
have you know, a lot of different option weight, they're

952
00:43:13.960 --> 00:43:17.000
leveraging at a higher There's a lot of things behind

953
00:43:17.000 --> 00:43:20.119
the hood volatility. But people will just think that, oh,

954
00:43:20.199 --> 00:43:22.159
I'm just going to get my eleven percent and that's

955
00:43:22.199 --> 00:43:24.360
going to be like, no, there is once you get

956
00:43:24.400 --> 00:43:26.960
above ten. There's definitely a lot of risk associated with

957
00:43:27.000 --> 00:43:28.159
that principle.

958
00:43:27.760 --> 00:43:28.280
No question.

959
00:43:28.440 --> 00:43:30.360
So it's not just oh, I need to find the

960
00:43:30.400 --> 00:43:31.239
highest yield.

961
00:43:31.519 --> 00:43:33.320
You say, And people say, well, wait, so this pays

962
00:43:33.320 --> 00:43:35.519
eleven percent, so what if it goes up and down?

963
00:43:35.679 --> 00:43:38.039
And yet there was an ETF that we're familiar with

964
00:43:38.079 --> 00:43:42.079
any office that drop about fifteen percent in about six

965
00:43:42.159 --> 00:43:46.559
weeks when the market corrected, and uh, well only wish

966
00:43:46.559 --> 00:43:49.400
one that is, and so there once you're a dividend

967
00:43:49.400 --> 00:43:54.079
for an entire year in six weeks. So it'd be cautious.

968
00:43:54.320 --> 00:43:55.880
And I hear this all the time when we do plans,

969
00:43:55.880 --> 00:43:58.440
like I need this amount of money, and it's there

970
00:43:58.519 --> 00:44:01.480
are other ways to accomplish what you want to do

971
00:44:01.760 --> 00:44:05.239
without having to risk your principle in something that's not

972
00:44:05.280 --> 00:44:06.400
a sustainable yield.

973
00:44:06.960 --> 00:44:09.159
Yeah, I agree with you. Just to finish up on

974
00:44:09.199 --> 00:44:12.360
the market, China down three percent last week, first time

975
00:44:12.400 --> 00:44:15.079
it's been down in seven weeks. Wow, They've had a

976
00:44:15.079 --> 00:44:17.280
heck of a year, up over twenty percent for the year.

977
00:44:17.599 --> 00:44:20.519
Oil up a dollar thirty last week, finished at sixty

978
00:44:20.559 --> 00:44:23.960
eight to thirty, Gold up another twenty seven dollars thirty

979
00:44:24.079 --> 00:44:25.840
twenty three, two three.

980
00:44:26.239 --> 00:44:28.679
Definitely what's helped gold this year, I mean year to date,

981
00:44:28.840 --> 00:44:31.920
the dollar has actually gone down in value relative to

982
00:44:31.960 --> 00:44:34.440
other currencies, so that is something that's going to help gold.

983
00:44:34.800 --> 00:44:38.039
Just historically, we also saw that gold continue to go

984
00:44:38.159 --> 00:44:40.159
up even when the dog goes up. So yeah, that

985
00:44:40.199 --> 00:44:43.400
trend isn't that correlation isn't perfect right now. But for

986
00:44:43.440 --> 00:44:46.719
the most part, I think this last surge probably had

987
00:44:46.719 --> 00:44:48.159
to do with the weakening of the dollar.

988
00:44:48.239 --> 00:44:50.199
You know how Costco was selling the gold a little

989
00:44:50.199 --> 00:44:52.599
while back. Yeah, I was reading some article about this

990
00:44:52.599 --> 00:44:55.039
guy that would go go to Costco buy the gold

991
00:44:55.079 --> 00:44:57.480
with a five percent cash back credit card and then

992
00:44:57.480 --> 00:44:59.159
he'd take it to the spawns shop and he'd go

993
00:44:59.199 --> 00:45:00.800
sell it to them for the exact price he just

994
00:45:00.800 --> 00:45:02.199
bought it for and make the five percent off the

995
00:45:02.199 --> 00:45:05.599
rewards points well arbitrage.

996
00:45:05.159 --> 00:45:08.840
No, okay, but I've sold gold to the gold.

997
00:45:08.599 --> 00:45:11.800
And they usually they usually give you a disc discounted. Great.

998
00:45:11.840 --> 00:45:13.360
Oh yeah, pretty significantly, right.

999
00:45:13.800 --> 00:45:15.519
And that's kind of why I thought that. I kind

1000
00:45:15.519 --> 00:45:18.559
of I kind of overlooked the articles because of that reason.

1001
00:45:18.599 --> 00:45:21.840
I just cute thought. But not gonna It's not gonna

1002
00:45:21.840 --> 00:45:24.800
happen in the real world. You know. Housekeeping from last week,

1003
00:45:25.719 --> 00:45:29.480
we talked about the large amount of soybeans that we

1004
00:45:29.639 --> 00:45:33.320
export to China and how badly they needed soy beans

1005
00:45:33.320 --> 00:45:36.719
and we weren't sure why. Thanks to our client, Mike,

1006
00:45:36.800 --> 00:45:40.519
Thanks Mike, he called in. He said, you know, tofu

1007
00:45:40.880 --> 00:45:43.119
is made from soybean. There you go, the ground so

1008
00:45:43.880 --> 00:45:48.639
crushed soy beans is tofu and tofu is a huge

1009
00:45:48.639 --> 00:45:52.679
part of the Chinese diet diet, so they don't produce

1010
00:45:52.760 --> 00:45:56.559
enough soybeans in China to satisfy that, so they get

1011
00:45:56.599 --> 00:45:58.599
them from us. And how about that pole, did you

1012
00:45:58.639 --> 00:46:02.360
guys see that CNN of all people CNN poll that

1013
00:46:02.480 --> 00:46:06.239
showed the approval ratings of Democrats twenty nine percent, the

1014
00:46:06.320 --> 00:46:10.199
lowest in the history in the thirty three year history

1015
00:46:10.360 --> 00:46:14.280
of this poll. Wow, the lowest in history, and Trump,

1016
00:46:15.440 --> 00:46:19.159
while under fifty percent, has its highest approval rating ever.

1017
00:46:20.159 --> 00:46:23.960
It's kind of interesting. And you know, yet, eighty percent

1018
00:46:24.000 --> 00:46:28.119
of American people do not want men playing women's sports

1019
00:46:28.639 --> 00:46:32.639
and if there was not a single Democratic senator who

1020
00:46:32.679 --> 00:46:36.119
would vote for that, how weird is that? That's party

1021
00:46:36.159 --> 00:46:39.039
before a country right there? Yeah, and I'm not that's

1022
00:46:39.079 --> 00:46:41.280
not a statement about Democrats. I'd say the same thing

1023
00:46:41.280 --> 00:46:44.480
if it was a Republicans doing it. That's party ahead

1024
00:46:44.480 --> 00:46:47.679
of your country. When eighty percent of the people want

1025
00:46:47.719 --> 00:46:50.079
to go one way and you're sitting there going nope,

1026
00:46:50.199 --> 00:46:50.760
not going to go.

1027
00:46:51.000 --> 00:46:53.760
They have one job, represent the people, Yeah, and now

1028
00:46:53.800 --> 00:46:54.159
they don't.

1029
00:46:54.239 --> 00:46:56.079
They never have. And it's not just Democrats.

1030
00:46:56.039 --> 00:46:57.960
The system isn't set up for them to do it.

1031
00:46:58.599 --> 00:47:01.280
And they're always going to take advanceage of this bogus,

1032
00:47:01.280 --> 00:47:05.119
corrupt system until someone actually has the guts to fix it.

1033
00:47:05.199 --> 00:47:07.960
And that's what we're seeing and that's why people, especially

1034
00:47:08.000 --> 00:47:09.679
the Democrats, are getting so mad about it.

1035
00:47:09.719 --> 00:47:11.880
Well, and then the California governor news regardless what you

1036
00:47:12.000 --> 00:47:13.400
think about it comes down and goes, yeah, I'm a

1037
00:47:13.440 --> 00:47:16.159
former athlete and I think that's wrong. Oh my goodness.

1038
00:47:16.159 --> 00:47:19.000
They came down on him like a ton of Newsom

1039
00:47:19.039 --> 00:47:21.400
said no, it's not right for men to play women's sports,

1040
00:47:21.880 --> 00:47:23.920
and his party came down to him like a ton

1041
00:47:23.920 --> 00:47:24.400
of bricks.

1042
00:47:24.679 --> 00:47:26.800
Newsom's kind of He's coming.

1043
00:47:26.599 --> 00:47:29.679
Back to the president back with the second half of

1044
00:47:29.679 --> 00:47:33.159
the show right after this break. Welcome back. This is

1045
00:47:33.239 --> 00:47:36.079
our number two of the Money Matters show. We're still

1046
00:47:36.079 --> 00:47:38.440
doing the March Madness Money Matters right, That's.

1047
00:47:38.440 --> 00:47:40.079
Yeah, I mean the big games just started.

1048
00:47:40.119 --> 00:47:42.960
The Interesting party. The Interesting Party is next Sunday will

1049
00:47:42.960 --> 00:47:49.000
also be March Madness, right, the next round, the Sunday

1050
00:47:49.039 --> 00:47:50.599
before the National Championship games.

1051
00:47:50.599 --> 00:47:52.159
Like it, they play on Saturday night.

1052
00:47:52.280 --> 00:47:55.039
Crazy. They play Saturday, and then they play Monday, and

1053
00:47:55.079 --> 00:47:57.800
then they play Monday. So sunny, like I said, will

1054
00:47:57.840 --> 00:48:00.519
be the day between the two the National champion Game.

1055
00:48:00.599 --> 00:48:03.360
Good job, Dave, I thank you, but a bound to

1056
00:48:03.360 --> 00:48:06.840
get something right eventually. I appreciate that. I appreciate your

1057
00:48:06.880 --> 00:48:10.599
voter support. I appreciate your always having my back, you know, yeah, yeah,

1058
00:48:10.599 --> 00:48:12.679
I feel someone's got to do always.

1059
00:48:13.920 --> 00:48:15.880
I always have another side of his trade.

1060
00:48:17.199 --> 00:48:20.159
Hey, how about Boying? Interesting stuff on Boying.

1061
00:48:20.159 --> 00:48:20.920
I've been looking at that.

1062
00:48:21.239 --> 00:48:24.239
Okay. Uh. The DALK component down ten percent over the

1063
00:48:24.320 --> 00:48:26.840
last twelve months. It did move five percent higher at

1064
00:48:26.880 --> 00:48:30.360
the open on Wednesday after the CEO said their cash

1065
00:48:30.400 --> 00:48:34.920
burn is easy and factory activities improving. On Friday, with

1066
00:48:34.960 --> 00:48:39.199
the Biggie, Bloomberg reported that President Trump shows Boying instead

1067
00:48:39.199 --> 00:48:42.840
of Lockey for a contract to create the next generation fighter.

1068
00:48:42.639 --> 00:48:45.480
GRAT twenty billion dollar contracts yep F forty seven.

1069
00:48:45.719 --> 00:48:49.639
Boying jumps five percent to an eight month high, Lockey

1070
00:48:49.719 --> 00:48:52.840
Martin down seven percent, close to a fifty two week low.

1071
00:48:54.320 --> 00:48:57.360
Yeah, I mean another thing I see on your paper

1072
00:48:57.440 --> 00:49:01.159
is Intel. Intel definitely had an interesting week. It's uh,

1073
00:49:01.679 --> 00:49:04.000
finally getting some legs to it, and then on the

1074
00:49:04.039 --> 00:49:06.960
back half of the week didn't have much legs after that,

1075
00:49:07.039 --> 00:49:10.280
but the new CEO having some rally. But what I

1076
00:49:10.320 --> 00:49:12.199
really thought was interesting is that he does not want

1077
00:49:12.239 --> 00:49:14.639
to do that joint venture with the video and he

1078
00:49:14.880 --> 00:49:16.599
doesn't want to spin off the foundry arm.

1079
00:49:16.639 --> 00:49:20.239
He doesn't want to become the manufacturing arm for those guys. Well,

1080
00:49:20.239 --> 00:49:23.400
he definitely does want to become the manufacturing. Well, he

1081
00:49:23.400 --> 00:49:25.000
doesn't want them to have ownership entry.

1082
00:49:25.079 --> 00:49:27.559
Yeah, there's gonna be a joint venture between the video

1083
00:49:27.679 --> 00:49:29.840
I think AMD and Clalcam.

1084
00:49:29.920 --> 00:49:32.239
I believe, yeah, yeah.

1085
00:49:32.119 --> 00:49:34.559
But they said he didn't want it out of it.

1086
00:49:34.639 --> 00:49:36.320
He didn't want it yet, right, but he didn't want

1087
00:49:36.360 --> 00:49:38.440
to do the joint venture. He still wants to be

1088
00:49:38.599 --> 00:49:40.480
like just the foundry. He wants to, like you said,

1089
00:49:40.519 --> 00:49:43.880
be the manufacturer, not sell and part of it to

1090
00:49:43.920 --> 00:49:44.199
do it.

1091
00:49:44.400 --> 00:49:46.840
I saw a report this past week again on Intel

1092
00:49:47.199 --> 00:49:49.320
and Todd you said, actually had a good week and

1093
00:49:49.320 --> 00:49:51.320
at the end of the week about sold off a bit,

1094
00:49:51.360 --> 00:49:53.480
but it had as up thirty percent in the last

1095
00:49:53.480 --> 00:49:56.239
twelve months. Yeah, we kind of left it for dead.

1096
00:49:56.920 --> 00:49:59.960
The Dow kicked it out of their index. Nobody wanted

1097
00:50:00.039 --> 00:50:03.760
anything to do with it. So but I noticed a

1098
00:50:03.800 --> 00:50:09.719
report that six institutional investors had increased their stakes in

1099
00:50:09.800 --> 00:50:14.480
Intel within the past ninety days, six institutional investors adding shares.

1100
00:50:14.599 --> 00:50:17.760
So obviously they're pleased with the new CEO, and I

1101
00:50:17.760 --> 00:50:19.239
think I think most people are.

1102
00:50:19.440 --> 00:50:23.320
And my philosophy and thesis on this entire company and

1103
00:50:23.400 --> 00:50:26.079
the entire time has been how do you build a

1104
00:50:26.119 --> 00:50:28.920
billion dollar factory and you're going out of business. Yeah,

1105
00:50:29.039 --> 00:50:30.880
you know, it just doesn't seem like something I've ever

1106
00:50:30.920 --> 00:50:34.480
seen before. You it had to be really terrible management

1107
00:50:34.679 --> 00:50:36.400
somehow build that much.

1108
00:50:36.280 --> 00:50:38.840
Right, But think of where the company was when those

1109
00:50:39.360 --> 00:50:42.480
when that factory was on the drawing boards. The company

1110
00:50:42.519 --> 00:50:45.079
was in the dow. It was in the forties. Yeah,

1111
00:50:45.079 --> 00:50:47.079
the share prices was in the forties. It was a

1112
00:50:47.199 --> 00:50:50.440
very different company when they were drawing up the plans

1113
00:50:50.440 --> 00:50:52.800
for that plant than it is today.

1114
00:50:53.199 --> 00:50:55.400
It is, and to be fair, when you look at

1115
00:50:55.400 --> 00:50:57.840
Taiwan when they started building a plant versus where they

1116
00:50:57.880 --> 00:51:01.920
are today, it's the exact opposite of where Intel is now.

1117
00:51:02.719 --> 00:51:05.519
I can see that. I could see that, we can

1118
00:51:05.679 --> 00:51:08.639
summarize the market. We didn't look at that. Again. Last week,

1119
00:51:09.039 --> 00:51:11.760
we broke a four week losing streak with actually a

1120
00:51:11.840 --> 00:51:14.840
last minute rally or last fifteen minute rally on Friday

1121
00:51:15.599 --> 00:51:17.039
kind of helped bail us out. The S and P

1122
00:51:17.079 --> 00:51:20.000
five hundred closed twenty eight points higher, which doesn't seem

1123
00:51:20.039 --> 00:51:22.280
by like much, but it was enough to end a

1124
00:51:22.320 --> 00:51:25.880
four week losing streak. Doll was up one point two

1125
00:51:25.920 --> 00:51:28.440
for the week. That was the leader this week. S

1126
00:51:28.480 --> 00:51:30.719
and p up a half a percent, Nasdaq, which is

1127
00:51:30.719 --> 00:51:34.119
of course technology stock up to tenths of one percent.

1128
00:51:34.559 --> 00:51:37.360
Russell two thousand, the worst performing index this year, was

1129
00:51:37.440 --> 00:51:40.280
up four tenths of a percent, and the best performing

1130
00:51:40.320 --> 00:51:42.800
index this year the Russell of the equal weight to

1131
00:51:42.960 --> 00:51:46.159
S and P five hundred, up six tenths of one percent,

1132
00:51:46.199 --> 00:51:48.440
so it came in second place to the Dow.

1133
00:51:48.960 --> 00:51:51.960
And on bitcoin this week it was up about fifty

1134
00:51:52.000 --> 00:51:55.119
basis points on the weeks now eighty four thousand. Trump

1135
00:51:55.159 --> 00:51:57.400
had some con well, I think he went to a

1136
00:51:57.440 --> 00:51:59.920
conference or something. I don't even know, but he says,

1137
00:52:00.280 --> 00:52:02.519
easing regulations, what I'm gonna do, and I'm not going

1138
00:52:02.599 --> 00:52:05.679
to sell any of the confiscated bitcoin. Those who don't

1139
00:52:05.679 --> 00:52:08.880
know the government has a lot of confiscated bitcoin from

1140
00:52:09.039 --> 00:52:14.280
FBI eight thousand, I think, yeah, uh, and then that's

1141
00:52:14.320 --> 00:52:17.760
just from you know, when they do I don't know,

1142
00:52:17.800 --> 00:52:20.119
criminal actions and they see stuff. I mean, the government

1143
00:52:20.159 --> 00:52:22.039
has a couple of yachts in their in their portfolio.

1144
00:52:22.119 --> 00:52:23.760
They do know, they don't know how.

1145
00:52:23.719 --> 00:52:24.119
To sell them.

1146
00:52:24.119 --> 00:52:26.039
So when you confiscate a bitcoin, what do you do?

1147
00:52:26.159 --> 00:52:27.239
Journal it to your account?

1148
00:52:27.760 --> 00:52:29.360
Yeah? I think I think you journal it to the

1149
00:52:29.360 --> 00:52:30.199
treasury account.

1150
00:52:30.239 --> 00:52:32.519
But if you're wanting to jingle your bitcoins, that's not

1151
00:52:32.559 --> 00:52:33.079
gonna happen.

1152
00:52:33.199 --> 00:52:35.760
Yeah, it is very are they are they allowed to

1153
00:52:35.800 --> 00:52:37.960
sell it if they want to. Of course they can sell.

1154
00:52:37.800 --> 00:52:40.480
It, so absolutely, whatever they want to do, just in

1155
00:52:40.559 --> 00:52:42.199
the open market, you get dump it all. Yeah.

1156
00:52:42.280 --> 00:52:44.719
And then RP and I think that's what they were doing,

1157
00:52:44.920 --> 00:52:47.559
and he's saying like, we're not going to do that anymore.

1158
00:52:47.960 --> 00:52:50.639
And then on top of that, the SEC dropped their

1159
00:52:50.719 --> 00:52:53.159
lawsuit on x RP. That's ripple.

1160
00:52:53.480 --> 00:52:54.159
Is that a big deal?

1161
00:52:55.840 --> 00:52:57.800
It was the sum I mean, it made the Ripple

1162
00:52:57.880 --> 00:53:00.400
pot from two twenty two to two fifty, which is

1163
00:53:00.440 --> 00:53:02.719
a pretty sizable move. But it's sold off about half

1164
00:53:02.719 --> 00:53:05.599
of that throughout the rest of the week. So some

1165
00:53:05.639 --> 00:53:07.840
believe it is a lot of people think that this

1166
00:53:08.000 --> 00:53:12.320
Ripple thing is something that the economy needs. I don't

1167
00:53:12.360 --> 00:53:15.599
see it. I think we are completely digital right now.

1168
00:53:15.679 --> 00:53:17.920
I can send money like that. I don't see how

1169
00:53:17.960 --> 00:53:20.559
I need a micro payment. I feel like I already

1170
00:53:20.559 --> 00:53:23.840
have them. But apparently Ripple is somehow you can do

1171
00:53:23.960 --> 00:53:26.920
more transactions than you would need to otherwise.

1172
00:53:27.000 --> 00:53:29.719
Right now. It's funny because a friend of mine deals

1173
00:53:29.760 --> 00:53:34.000
with people in Mexico, and they come up here to

1174
00:53:34.000 --> 00:53:39.320
buy good thrownichure, things of that nature, and they'll walk

1175
00:53:39.360 --> 00:53:42.159
into the store with thirty thousand dollars in cash and

1176
00:53:42.199 --> 00:53:46.280
one hundred dollars bills. And it's of course, we in

1177
00:53:46.320 --> 00:53:49.039
America todd to your point. We don't know what to

1178
00:53:49.079 --> 00:53:52.559
do with cash. We don't deal with cash anymore. I

1179
00:53:52.599 --> 00:53:54.760
have one of those coin yards at home where I

1180
00:53:54.800 --> 00:53:57.119
put I don't think I've put anything in that in

1181
00:53:57.199 --> 00:54:00.320
the years. I mean, it's sitting there, half full whatever,

1182
00:54:00.400 --> 00:54:02.760
but there's nothing being added to it, right. I can't

1183
00:54:02.760 --> 00:54:04.480
remember the last time I had changed. If I do,

1184
00:54:04.519 --> 00:54:05.000
it's annoying.

1185
00:54:05.079 --> 00:54:06.639
I have the same cup in my room with the

1186
00:54:06.679 --> 00:54:08.920
same coins that I had last two years. I haven't

1187
00:54:08.920 --> 00:54:09.519
added anything.

1188
00:54:09.599 --> 00:54:12.239
I mean, if I somehow get changed, I don't even

1189
00:54:12.440 --> 00:54:15.480
nobody just throw it away. I don't remember that. But

1190
00:54:15.559 --> 00:54:17.519
generally there's a little thing on the counter. Put it

1191
00:54:17.559 --> 00:54:20.199
here for the yeah, for this period of Actually.

1192
00:54:20.079 --> 00:54:20.599
That's so funny.

1193
00:54:20.639 --> 00:54:24.920
We could never throw a change. Yeah, Well, because it's money, right, we.

1194
00:54:24.880 --> 00:54:28.199
Could throw away like happy in food, even though that's

1195
00:54:28.239 --> 00:54:28.719
money too.

1196
00:54:28.920 --> 00:54:31.360
Yeah, we can't throw a change, No, it's.

1197
00:54:31.199 --> 00:54:33.159
It's a behavioral aspect of humans.

1198
00:54:33.360 --> 00:54:36.920
It's a good point, but everything's everything anyway. That uh,

1199
00:54:37.280 --> 00:54:40.079
they were filling out all of these forms for this

1200
00:54:40.360 --> 00:54:43.679
you know, anti money on this guy with thirty thousand

1201
00:54:43.719 --> 00:54:46.519
dollars and one hundred dollars bills and he says, you

1202
00:54:46.599 --> 00:54:49.639
Americans are so funny about money. He said, in Mexico,

1203
00:54:49.719 --> 00:54:50.679
it's all cash.

1204
00:54:50.760 --> 00:54:52.360
Yeah, seriously and interesting.

1205
00:54:52.639 --> 00:54:56.079
Yeah, because I thought that when bitcoin came out, it

1206
00:54:56.199 --> 00:54:58.119
was really going to be a big win for the

1207
00:54:58.199 --> 00:55:01.360
drug dealers, and it was for a while. But now

1208
00:55:01.440 --> 00:55:03.639
as I understand that blockchain can be traced and can

1209
00:55:03.760 --> 00:55:05.400
go right to it and grab it, it.

1210
00:55:06.000 --> 00:55:08.519
Never was a big thing for the drug traders. It's

1211
00:55:08.519 --> 00:55:10.000
big things for online drug.

1212
00:55:09.840 --> 00:55:13.280
Traders, Okay, to be fair, okay. And so somebody that's

1213
00:55:13.559 --> 00:55:15.159
advertising prescription drugs.

1214
00:55:15.000 --> 00:55:17.679
Or right, like if I was trying to buy opioids

1215
00:55:17.719 --> 00:55:20.400
from you know, a place in Florida, sure, you know

1216
00:55:20.559 --> 00:55:22.679
they and there's people who did that and it was

1217
00:55:22.760 --> 00:55:25.360
called it was called the Silk Road, and the Silk

1218
00:55:25.440 --> 00:55:26.719
Road was I think.

1219
00:55:26.840 --> 00:55:29.360
We probably America fourteen, Did you see the special on

1220
00:55:29.360 --> 00:55:32.199
American greed? Believe there's one hour special about how these

1221
00:55:32.320 --> 00:55:34.199
kids in Florida just got so rich.

1222
00:55:34.599 --> 00:55:37.039
Yeah, doing that and there's a lot.

1223
00:55:37.159 --> 00:55:38.800
Yeah, I means taking it to Tennessee.

1224
00:55:39.039 --> 00:55:41.480
If anyone wants a fun documentary, I mean, watch a

1225
00:55:41.519 --> 00:55:44.079
couple on the Silk Road and how the FBI shut

1226
00:55:44.119 --> 00:55:46.599
that one down. And that's a really interesting.

1227
00:55:46.280 --> 00:55:51.960
Storycause speaking of the Silk Road, when my daughter was

1228
00:55:52.440 --> 00:55:54.400
in college about twenty years ago, my daughter was in

1229
00:55:54.519 --> 00:55:58.280
college forever twenty one was one of the top retailers.

1230
00:55:58.519 --> 00:56:02.840
Last week their bankrupt I don't know how they're going

1231
00:56:02.880 --> 00:56:06.119
to close all the stores. They're blaming Chinese retailers for

1232
00:56:06.159 --> 00:56:08.280
their demis and I think you too. I think you

1233
00:56:08.360 --> 00:56:09.400
two have something to do with that.

1234
00:56:10.440 --> 00:56:12.480
I don't buy anything, do you? You don't buy anything

1235
00:56:12.519 --> 00:56:14.159
from them? But yeah, definitely like.

1236
00:56:14.440 --> 00:56:16.320
You don't buy from the Chinese retailers.

1237
00:56:16.199 --> 00:56:20.000
Not really, No, I know you Todd loves, but which

1238
00:56:20.079 --> 00:56:22.880
companies took them out? I mean you gotta think sheen right.

1239
00:56:23.880 --> 00:56:24.719
Yeah, to be fair, I.

1240
00:56:24.679 --> 00:56:27.960
Don't buy anything like a year, But do you get

1241
00:56:28.079 --> 00:56:30.639
good quality stuff from these companies or is not?

1242
00:56:30.800 --> 00:56:32.679
No, you're supposed to buy stuff that you don't want

1243
00:56:32.719 --> 00:56:32.920
to like.

1244
00:56:33.079 --> 00:56:35.400
Okay, I'm gonna off how you guys like are act

1245
00:56:35.480 --> 00:56:37.800
like the half the things from Amazon isn't coming from China,

1246
00:56:38.679 --> 00:56:39.800
Like you guys are hilarious.

1247
00:56:39.840 --> 00:56:42.000
Well, they're manufacturing in China, but they're not, you know,

1248
00:56:42.679 --> 00:56:46.159
so what do you there's still coming from China. I

1249
00:56:46.280 --> 00:56:48.480
think the thing with Timu is that is that it's

1250
00:56:48.559 --> 00:56:51.039
knockoffs and second quality stuff.

1251
00:56:50.920 --> 00:56:54.119
Like I would buy a soap dispenser from Timuy. It

1252
00:56:54.199 --> 00:56:57.480
doesn't really matter, right, right, I'm not right yet. I

1253
00:56:57.519 --> 00:57:00.000
don't know about toothbrush I don't. I don't trust it's

1254
00:57:00.360 --> 00:57:00.719
that much.

1255
00:57:00.800 --> 00:57:04.480
But well, not like a tooth brush holder or something. Yeah, right, okay,

1256
00:57:04.719 --> 00:57:06.960
but yes, at the end of the day, they use

1257
00:57:07.079 --> 00:57:10.199
child labor, yeah, and they can. They pay people way

1258
00:57:10.320 --> 00:57:13.679
less than what we would think is even like we

1259
00:57:14.079 --> 00:57:17.000
think it'd be called slavery. And so that's why they

1260
00:57:17.079 --> 00:57:19.719
think it's unfair because they have to pay American workers

1261
00:57:20.519 --> 00:57:23.000
or other workers in other countries that have at least

1262
00:57:23.039 --> 00:57:27.039
like a three dollars minimum wage, not China slave you know,

1263
00:57:27.320 --> 00:57:31.320
labor that's like fifty cents a days and.

1264
00:57:31.519 --> 00:57:33.880
The workers are like six years old, and the workers

1265
00:57:33.920 --> 00:57:34.400
are fine with that.

1266
00:57:35.639 --> 00:57:37.639
Yeah. I really was not looking for a moral judgment

1267
00:57:37.679 --> 00:57:39.519
on these people. I was thinking more about the quality

1268
00:57:39.559 --> 00:57:42.159
of the products you get. Well, you get to buy

1269
00:57:42.199 --> 00:57:44.480
a products where the quality is kind of universal, that

1270
00:57:44.599 --> 00:57:45.360
doesn't really matter.

1271
00:57:45.760 --> 00:57:49.000
I wouldn't say it's that much worse quality. It's more

1272
00:57:49.360 --> 00:57:51.559
it's like where how it's getting built and where the

1273
00:57:51.639 --> 00:57:54.280
sources are coming from. But yeah, I mean it's definitely

1274
00:57:54.280 --> 00:57:55.159
not the same quality.

1275
00:57:55.440 --> 00:57:59.440
Speaking of international interesting report on Friday, FedEx already twenty

1276
00:57:59.480 --> 00:58:01.920
percent off this high, twelve percent lower at the open

1277
00:58:02.000 --> 00:58:04.679
on Friday to a new fifty two week goal after

1278
00:58:04.760 --> 00:58:08.199
the company slashed it's full year guidance citing weakness in

1279
00:58:08.280 --> 00:58:12.559
the US industrial economy. Ups down three percent in sympathy,

1280
00:58:12.920 --> 00:58:15.440
close to its fifty two week high. We have said

1281
00:58:15.480 --> 00:58:21.239
before FedEx is a barometer of global activity, and if

1282
00:58:21.280 --> 00:58:25.320
they're hitting a fifty two week goal stocks plumbing, that

1283
00:58:25.440 --> 00:58:26.280
can't be a good sign.

1284
00:58:26.400 --> 00:58:28.400
You know what I'm interested? You got you got two

1285
00:58:28.480 --> 00:58:32.000
grand kids, and I can't imagine your boy is a

1286
00:58:32.159 --> 00:58:36.280
WWE fan. But TKO, I feel like WWE is getting

1287
00:58:36.320 --> 00:58:39.599
it steamback these wrestling things. Seems like the young kids

1288
00:58:39.639 --> 00:58:42.360
are starting to like it again, and USC seems to

1289
00:58:42.400 --> 00:58:44.960
always do its job. Over the last couple of years

1290
00:58:45.760 --> 00:58:47.760
that sucked to Go has come off its high a

1291
00:58:47.800 --> 00:58:50.480
little bit. But what what do you heard? Have you

1292
00:58:50.559 --> 00:58:51.880
heard anyone talk about WW?

1293
00:58:52.199 --> 00:58:53.400
No, not a word, not a person.

1294
00:58:53.639 --> 00:58:56.719
I've heard that there's a new competitor to WWE that's

1295
00:58:56.760 --> 00:58:59.440
actually getting some traction. How far off its size is

1296
00:58:59.639 --> 00:59:01.320
toge t k O uh.

1297
00:59:01.440 --> 00:59:03.840
No, that new one. I think it's it's a e

1298
00:59:04.119 --> 00:59:05.000
W or something.

1299
00:59:04.880 --> 00:59:05.360
Or something like that.

1300
00:59:05.559 --> 00:59:08.800
It's I don't really. I think the biggest thing that

1301
00:59:08.920 --> 00:59:11.960
that holding company has going for them is UFC.

1302
00:59:12.239 --> 00:59:14.480
Let's put it this way. I don't think so, because

1303
00:59:14.639 --> 00:59:18.519
really Logan Paul is part of WWE, okay, and people

1304
00:59:18.679 --> 00:59:21.280
love attention. That's what WW is all about. It's just

1305
00:59:21.320 --> 00:59:22.199
an attention business.

1306
00:59:22.239 --> 00:59:24.599
And that you look at that guy's bio and it's like,

1307
00:59:24.679 --> 00:59:26.960
how did this guy ever become a big deal?

1308
00:59:27.760 --> 00:59:30.760
And shout out, shout out to Matthew Matthew Greenberg. He

1309
00:59:31.239 --> 00:59:34.760
was one of the editors on the Paul American series.

1310
00:59:35.119 --> 00:59:38.159
You can now watch it streaming on the HBO Max

1311
00:59:38.400 --> 00:59:43.039
service Paul American, Paul America, Yeah, to play on all Americans.

1312
00:59:43.159 --> 00:59:45.440
Of course, their last name is Paul, Logan Paul and

1313
00:59:45.559 --> 00:59:47.480
Jake Paul. Those who don't remember Jake Paul is that

1314
00:59:47.519 --> 00:59:50.400
guy who fought Mike Tyson Logan Paul is the other

1315
00:59:50.480 --> 00:59:53.159
one that's a YouTube star. He made all his money

1316
00:59:53.199 --> 00:59:55.239
doing YouTube stuff and Jake was part of that too.

1317
00:59:55.440 --> 01:00:01.280
But there they're a tension. How do you they make

1318
01:00:01.320 --> 01:00:03.559
their money off attention? I was saying, they do it

1319
01:00:03.719 --> 01:00:06.440
a lot of different ways, wrestling, YouTube, whatever. That they

1320
01:00:06.800 --> 01:00:09.559
own the Prime Drink. If you've seen the Primes in

1321
01:00:09.679 --> 01:00:11.920
the gas station, there's energy drinks, well not energy, but

1322
01:00:11.960 --> 01:00:14.760
they're like a Gatorade type of drink. They have a

1323
01:00:14.840 --> 01:00:16.840
lot of different things. But yeah, Matthew was one of

1324
01:00:16.920 --> 01:00:20.079
the editors on that show, so I haven't seen it yet. Hurt.

1325
01:00:20.119 --> 01:00:23.159
It's good. But it's really interesting when you look at

1326
01:00:23.280 --> 01:00:26.400
just the attention economy, you know, as you've seen some

1327
01:00:26.519 --> 01:00:30.719
economists talk about that, right, attention economy. It's really what

1328
01:00:31.000 --> 01:00:36.440
has become the value generator off of some of these businesses.

1329
01:00:36.519 --> 01:00:40.360
It's amazing. My daughter in Los Angeles for the last

1330
01:00:40.360 --> 01:00:42.679
fifteen years and she knows a number of these people

1331
01:00:42.719 --> 01:00:47.159
are her friends and what she's an influencer. What's that right?

1332
01:00:47.320 --> 01:00:49.000
And all you do? That's all you just They just

1333
01:00:49.039 --> 01:00:51.480
get on there and get attention for whatever reason. However

1334
01:00:51.599 --> 01:00:54.559
they do it, and and and the product companies pay

1335
01:00:54.639 --> 01:00:55.280
them off the money.

1336
01:00:55.639 --> 01:00:58.280
And for those who said would why would companies pay them?

1337
01:00:59.199 --> 01:01:03.320
It's perfect. I mean, if you're someone who's selling, for example,

1338
01:01:03.360 --> 01:01:06.199
a girl's product, and you know that I'm going to

1339
01:01:06.280 --> 01:01:09.760
sell way more by going straight to Kim Kardashian to

1340
01:01:09.840 --> 01:01:12.719
ask her to recommend my product to all her millions

1341
01:01:12.760 --> 01:01:18.320
of followers, rather than going to an advertising agency and

1342
01:01:18.400 --> 01:01:21.800
asking them to somehow do search engine optimizing. So when

1343
01:01:22.159 --> 01:01:25.320
females search for something like around this product, my product

1344
01:01:25.360 --> 01:01:27.199
comes up. I mean, that's how advertisers do, That's how

1345
01:01:27.239 --> 01:01:29.639
Google makes their money. They'll say, hey, well put your

1346
01:01:29.679 --> 01:01:31.800
product up before other products if they search for these

1347
01:01:31.840 --> 01:01:34.000
type of keywords and they're a female in your demographic

1348
01:01:34.119 --> 01:01:38.159
and it's your type of clientele. Facebook does something similar, saying, well,

1349
01:01:38.199 --> 01:01:40.719
tailor your ads to your demographic that you want to

1350
01:01:40.800 --> 01:01:42.760
go to. But how much better is it when you

1351
01:01:42.840 --> 01:01:45.280
have the actual person that someone cares about. They say,

1352
01:01:45.519 --> 01:01:47.559
I value this person's opinion so much that if they

1353
01:01:47.599 --> 01:01:48.880
tell me to buy it, I will no matter what,

1354
01:01:48.960 --> 01:01:50.679
even if I don't think it's good for me. And

1355
01:01:50.840 --> 01:01:54.280
that's why advertisers are way more willing to pay an

1356
01:01:54.400 --> 01:01:57.440
influencer to do it because the results of that advertising

1357
01:01:57.480 --> 01:01:58.559
dollar goes so much further.

1358
01:01:59.079 --> 01:02:02.679
My eight year old grand into soccer, you ask, and

1359
01:02:02.840 --> 01:02:04.719
do you want to soccer? A little soccer humor from

1360
01:02:04.719 --> 01:02:07.280
an eight year old to eight year old soccer humor? Right?

1361
01:02:09.000 --> 01:02:15.079
What uh? Why did Ronaldo change his jersey? He didn't

1362
01:02:15.079 --> 01:02:20.000
want to be messy nice and you know, but you

1363
01:02:20.079 --> 01:02:22.119
have to know soccer or it makes no sense.

1364
01:02:22.159 --> 01:02:25.079
And then talk about soccer. Next year, twenty twenty six,

1365
01:02:25.719 --> 01:02:27.599
North America gets the FIFA World Cup.

1366
01:02:28.480 --> 01:02:29.440
Okay, man, and.

1367
01:02:29.559 --> 01:02:31.719
Us USA gets an automatic bit, so we're in it.

1368
01:02:31.880 --> 01:02:34.039
You see how Dave kind of just dismissed that. Yeah

1369
01:02:34.039 --> 01:02:37.440
he doesn't no, no, no, I said, okay, but the

1370
01:02:37.519 --> 01:02:39.960
World Cup is I dismissed it.

1371
01:02:41.320 --> 01:02:43.400
Let me do it again, Todd, go ahead tell me.

1372
01:02:43.840 --> 01:02:46.480
Next year twenty twenty six, the FIFA World Cup is

1373
01:02:46.559 --> 01:02:47.679
coming to North America.

1374
01:02:47.800 --> 01:02:49.599
Oh wow, you're kidding, you're kidding.

1375
01:02:49.960 --> 01:02:52.199
Yes, amazing to get ticket.

1376
01:02:53.519 --> 01:02:56.599
I'm getting tickets. I don't think I know that. I

1377
01:02:56.760 --> 01:02:59.320
wasn't alive when the last time it's here. But it's

1378
01:02:59.360 --> 01:03:02.119
gonna be a hue huge deal. For not just Ari Cootty,

1379
01:03:02.159 --> 01:03:04.360
obviously Canada and Mexico. But it's got to be a

1380
01:03:04.480 --> 01:03:06.960
huge deal. I think for twenty eight we get the

1381
01:03:07.000 --> 01:03:07.639
Olympic Games, no.

1382
01:03:07.840 --> 01:03:09.360
Number one sport in the world. I mean it's a

1383
01:03:09.800 --> 01:03:12.800
you know, easily by far, and it's reason. It's easy

1384
01:03:12.880 --> 01:03:15.760
to understand why, because it doesn't cost any money, so

1385
01:03:15.920 --> 01:03:16.639
anybody can do it.

1386
01:03:16.760 --> 01:03:19.000
My apologies, Dave, I thought that you were dismissing it.

1387
01:03:19.159 --> 01:03:22.440
I dismissed Todd's comment the other day before this radio

1388
01:03:22.519 --> 01:03:24.840
show because I personally don't really care about soccer. I

1389
01:03:24.880 --> 01:03:25.960
don't think most Americans do.

1390
01:03:26.159 --> 01:03:27.760
I was I was also bringing it up where like,

1391
01:03:27.920 --> 01:03:29.800
you know, a lot some Americans are like, you know,

1392
01:03:29.880 --> 01:03:31.559
we got too much foreigners and we're gonna have a

1393
01:03:31.599 --> 01:03:32.760
lot more foreigners.

1394
01:03:32.400 --> 01:03:35.440
Next year here. Yeah, we are coming.

1395
01:03:36.159 --> 01:03:37.239
Coming from ball over.

1396
01:03:39.639 --> 01:03:41.360
Something, you know, speaking of whether you can believe it

1397
01:03:41.480 --> 01:03:45.000
or not, how about by d Chinese car company Dreams

1398
01:03:45.239 --> 01:03:47.639
Electric Build Your Dream the electric car company, one of

1399
01:03:47.639 --> 01:03:49.639
the biggest electric car companies in the world, bigger in

1400
01:03:49.719 --> 01:03:52.840
Tesla in China and China, big bigger in Tesla in

1401
01:03:53.280 --> 01:03:58.480
Mexico by far, doing some European selling. It claims last week,

1402
01:03:58.760 --> 01:04:03.239
it claims it it's an electric vehicle that can that

1403
01:04:03.400 --> 01:04:06.280
can be excuse me? They claim they can charge an

1404
01:04:06.320 --> 01:04:09.719
electric vehicle almost as quickly as it takes to silicar

1405
01:04:09.800 --> 01:04:10.920
with gasoline five minutes.

1406
01:04:11.000 --> 01:04:11.599
I don't believe it.

1407
01:04:11.719 --> 01:04:14.440
Five minutes they can charge an electricical I don't know what.

1408
01:04:14.840 --> 01:04:18.000
And they didn't elaborate. And it's so it's so Chinese,

1409
01:04:18.039 --> 01:04:20.639
you know, I mean, or so typical of Chinese companies

1410
01:04:20.679 --> 01:04:22.599
because you get it's in pieces. You don't know if

1411
01:04:22.599 --> 01:04:25.159
it's true. Uh, it's kind of like a deep seek

1412
01:04:25.239 --> 01:04:27.760
thing you know that upset our world for an hour

1413
01:04:29.039 --> 01:04:33.679
and it's but BYD has a can recharge? So is

1414
01:04:33.719 --> 01:04:36.440
it a is it a high speed charger either some

1415
01:04:36.639 --> 01:04:38.360
kind of supersonic charger?

1416
01:04:39.639 --> 01:04:40.079
What is it?

1417
01:04:40.599 --> 01:04:41.840
Yeah? You know, but no they.

1418
01:04:43.280 --> 01:04:44.920
What they do this week? How's it stuck?

1419
01:04:45.199 --> 01:04:46.320
It? All time high?

1420
01:04:46.440 --> 01:04:47.079
All time high?

1421
01:04:47.199 --> 01:04:47.400
Yeah?

1422
01:04:47.920 --> 01:04:51.159
Uh, I talked about it to you earlier this week. Yeah.

1423
01:04:51.199 --> 01:04:53.239
Loosid motors they were up about twelve percent this week,

1424
01:04:53.280 --> 01:04:55.320
and I once I dug a little bit deeper. The

1425
01:04:55.360 --> 01:04:58.239
reason for it is because they finally on February twenty fifth,

1426
01:04:59.159 --> 01:05:02.719
Peter wrought Rawlinson stepped down as the CEO, and then

1427
01:05:02.800 --> 01:05:05.519
this week Mark Winterhoff he's going to be the He

1428
01:05:06.280 --> 01:05:09.079
was the company's chief operating officer, has now been appointed

1429
01:05:09.119 --> 01:05:11.599
as interim CEO, so they're thinking that maybe he's going

1430
01:05:11.639 --> 01:05:13.760
to be able to go in change a couple of things,

1431
01:05:14.000 --> 01:05:15.480
hopefully started making some money, you know.

1432
01:05:15.599 --> 01:05:18.800
Arizona, Arizona Electric Car Company. We hope, we hope they do.

1433
01:05:18.880 --> 01:05:21.960
We Yeah, definitely, CASA wanted to be successful. Sorry neighbors,

1434
01:05:22.760 --> 01:05:25.559
Yeah I did. I'm the cars not in my opinion,

1435
01:05:25.639 --> 01:05:28.119
not that attractive, but some people seem to like it

1436
01:05:28.559 --> 01:05:29.280
for whatever reason.

1437
01:05:29.320 --> 01:05:31.000
I've heard a lot of people look at it as

1438
01:05:31.079 --> 01:05:32.199
the luxury evy.

1439
01:05:33.320 --> 01:05:35.679
That's what they portrayed themselves, asked. And it's kind of

1440
01:05:35.840 --> 01:05:38.840
wide and it's kind of low profile. Yeah, it's just

1441
01:05:38.920 --> 01:05:41.639
a little it's a little different on definitely different, definitely

1442
01:05:41.719 --> 01:05:44.440
not sporty. Were like kind of like a Cadillac Fleetwood

1443
01:05:44.519 --> 01:05:48.000
back in the day, if you will. Also, uh, Arizona,

1444
01:05:48.079 --> 01:05:50.719
speaking of the electric vehicles, I think we talked about

1445
01:05:50.719 --> 01:05:53.920
this last week. The largest electric are the largest battery

1446
01:05:54.039 --> 01:05:57.679
manufacturer in the world, Arizona. Yep, gonna open in Queen Creek.

1447
01:05:57.840 --> 01:06:02.079
Oh yeah, you did say twenty early next with a twenty.

1448
01:06:02.119 --> 01:06:04.719
Twenty twenty seven I believe early twenty twenty seven.

1449
01:06:04.800 --> 01:06:07.119
Yeah, when I was on the way to California last week,

1450
01:06:07.159 --> 01:06:10.079
I was obviously headed west, and there's just you realize

1451
01:06:10.159 --> 01:06:12.880
how much open land there is. Yeah, I mean the

1452
01:06:12.920 --> 01:06:15.599
amount of room you could build. And it's not like

1453
01:06:15.719 --> 01:06:17.039
it's like national parks.

1454
01:06:16.800 --> 01:06:19.840
Either, and the just put we just put windmills out there,

1455
01:06:19.880 --> 01:06:20.760
and which there's a lot.

1456
01:06:20.679 --> 01:06:22.559
Of farms and land.

1457
01:06:22.599 --> 01:06:24.480
All you gotta do is called vermal Land. They'll take

1458
01:06:24.519 --> 01:06:24.800
care of you.

1459
01:06:25.000 --> 01:06:28.039
Oh, I'm sure there was a lot of for sale land,

1460
01:06:28.159 --> 01:06:31.800
but you've seen those semis all the way to Oh yeah, yeah, Vermland.

1461
01:06:31.920 --> 01:06:33.840
I think called Vermland, isn't it Verma Yeah?

1462
01:06:35.000 --> 01:06:36.480
You know, it's like it always thought about, but it'd

1463
01:06:36.519 --> 01:06:38.119
be cool to build your compound. Did you think about

1464
01:06:38.119 --> 01:06:40.079
it for like two more seconds and you're like, yeah,

1465
01:06:40.119 --> 01:06:43.039
but what do you do out there's nothing gone? Absolutely,

1466
01:06:43.239 --> 01:06:45.760
But if you're thinking about like a manufacturer or something

1467
01:06:45.840 --> 01:06:48.639
like that, it starts to maybe make sense. And like

1468
01:06:48.760 --> 01:06:52.320
we've already seen with Taiwan's semiconductor making the largest foreign

1469
01:06:52.360 --> 01:06:56.480
investment in the United States, it's here in the Arizona right,

1470
01:06:56.519 --> 01:06:58.519
and so there is something to say that Arizona is

1471
01:06:58.599 --> 01:07:03.239
being looked at as almost the Silicon Valley on fire.

1472
01:07:03.400 --> 01:07:07.280
Well, Phoenix in particular has just caught fire. I mean

1473
01:07:07.320 --> 01:07:09.079
they're growing like Austin, Texas grew.

1474
01:07:09.400 --> 01:07:12.639
I mean, it's just exploding, where Austin's actually declining.

1475
01:07:12.719 --> 01:07:13.280
I've heard.

1476
01:07:15.559 --> 01:07:20.280
Housing prices are going really really Yeah. But yeah, Phoenix,

1477
01:07:20.719 --> 01:07:22.159
I've often said places.

1478
01:07:21.920 --> 01:07:24.760
I've often said embraced the summers into some because it's

1479
01:07:24.800 --> 01:07:28.599
what keeps the population manageable. But look at Phoenix. That

1480
01:07:28.719 --> 01:07:32.280
summer is from hell and it hasn't stopped anything.

1481
01:07:32.519 --> 01:07:35.639
Yeah, Phoenix heats way worse than Yeah, you guys don't

1482
01:07:35.679 --> 01:07:36.599
get the rain up there either.

1483
01:07:37.079 --> 01:07:39.480
No, that's my train either, and it's it's a thousand

1484
01:07:39.480 --> 01:07:43.559
feet lower, so you drive down to Phoenix. Actually yeah, technically,

1485
01:07:44.119 --> 01:07:46.599
but it hasn't stopped the growth at all. The growth

1486
01:07:46.719 --> 01:07:49.840
is just exploding up there. I don't think it has

1487
01:07:49.840 --> 01:07:53.639
any chance of catching l A, Chicago or New York

1488
01:07:53.760 --> 01:07:56.840
for population, but it's it's putting Houston in the review

1489
01:07:56.880 --> 01:07:57.639
mirror pretty quickly.

1490
01:07:57.920 --> 01:07:59.400
I mean, I definitely think it's going to be the

1491
01:07:59.480 --> 01:08:00.760
third or fourth largest.

1492
01:08:00.480 --> 01:08:04.880
And fourth it's already fourth yeah, past Houston, past Houston

1493
01:08:04.920 --> 01:08:06.719
in Philadelphia within the past couple of years.

1494
01:08:06.719 --> 01:08:07.760
Well, who's three Austin.

1495
01:08:07.960 --> 01:08:12.039
That three would be uh, Chicago or No. Three would

1496
01:08:12.079 --> 01:08:14.079
be LA or Chicago or New York. One of those three,

1497
01:08:14.559 --> 01:08:17.960
New York probably number one, Chicago's probably number two, LA three,

1498
01:08:18.079 --> 01:08:19.800
maybe I don't know. Somewhere in there.

1499
01:08:19.840 --> 01:08:21.479
Always three York and LA were number one.

1500
01:08:21.680 --> 01:08:24.560
Those are the three. Those are the three biggest smsas

1501
01:08:24.840 --> 01:08:29.199
that It's called standard metropolitan statistical area. And if you're

1502
01:08:29.199 --> 01:08:31.199
wanting to know the size of the city, you needed

1503
01:08:31.199 --> 01:08:35.039
to look up the standard metropolitan Statistical area because if

1504
01:08:35.039 --> 01:08:36.880
you Google the size of Tucson shows you a four

1505
01:08:36.960 --> 01:08:39.000
hundred and eighty thousand or something, which is just stupid.

1506
01:08:40.199 --> 01:08:45.039
So you've got to get the whole metro area in

1507
01:08:45.199 --> 01:08:46.560
order to in order to get that.

1508
01:08:46.800 --> 01:08:50.640
Talking about new CEO's Nike Elliott Hill, he came in

1509
01:08:50.800 --> 01:08:53.239
around October of last year and they have just not

1510
01:08:53.319 --> 01:08:55.039
been able to get out of their own way. They

1511
01:08:55.159 --> 01:08:59.960
dropped another five percent this last Friday because they report

1512
01:09:00.039 --> 01:09:02.479
of their earnings report, which revealed a nine percent decline

1513
01:09:02.520 --> 01:09:06.920
of revenues down to eleven point three billion dollars. Yeah,

1514
01:09:07.079 --> 01:09:08.760
just not looking good for Nike right now. But at

1515
01:09:08.800 --> 01:09:10.840
the same time, where's that company going? They got the

1516
01:09:10.880 --> 01:09:14.159
contracts with NBA. They just made a contract with Skims.

1517
01:09:14.800 --> 01:09:17.319
I think that if you want to take a shot

1518
01:09:17.359 --> 01:09:18.560
at this thing, maybe you do it now.

1519
01:09:18.840 --> 01:09:20.760
Oh they say, you know, it's a dowstock, which is

1520
01:09:20.880 --> 01:09:24.680
which is which is nice? It's always nice. Although Ge

1521
01:09:24.960 --> 01:09:27.600
was a dowstock before it was kicked out with the

1522
01:09:27.680 --> 01:09:30.039
dowstack for was kicked out and Intel was the dowstack

1523
01:09:30.119 --> 01:09:32.560
force kicked out. So so much for Dow being the

1524
01:09:32.640 --> 01:09:35.560
krembill cram right, and they're coming to going. But yeah,

1525
01:09:35.640 --> 01:09:38.920
Nike's been struggling and they warned that their sales are

1526
01:09:38.960 --> 01:09:41.479
going to fall in this cur continue to fall and

1527
01:09:41.640 --> 01:09:44.680
continue to fall. And the foot Locker lost four percent

1528
01:09:44.760 --> 01:09:49.279
on that news. Uh. Obviously foot Locker sells an awful

1529
01:09:49.319 --> 01:09:55.560
lot of Ralph Laurent. Uh do that you bring up

1530
01:09:55.600 --> 01:09:59.520
ra speaking a lot? Right? Yeah? Twenty percent off. They're

1531
01:09:59.560 --> 01:10:02.359
high on two today. Goldman Sacks upgraded the shares to

1532
01:10:02.479 --> 01:10:06.960
a buy, saying they have limited exposure to tariffs. Right,

1533
01:10:07.399 --> 01:10:08.680
that's exposure to tariffs.

1534
01:10:09.439 --> 01:10:11.039
I was I was looking at that company for a

1535
01:10:11.119 --> 01:10:13.319
while because they had just run up like crazy. They

1536
01:10:13.359 --> 01:10:16.640
were dave in August at twenty four they were one sixty.

1537
01:10:17.079 --> 01:10:20.880
They ran up to two eighty by February one sixty

1538
01:10:20.960 --> 01:10:25.520
to eighty. Yes, oh my, you know, five six months

1539
01:10:25.840 --> 01:10:27.880
and now it's down from two eighty to two twenty.

1540
01:10:28.600 --> 01:10:31.560
So I'm coming out with that was that was interesting.

1541
01:10:31.640 --> 01:10:33.359
But yeah, I mean in one week they had lost

1542
01:10:33.479 --> 01:10:37.159
almost twenty fourteen percent. I mean they they uh and

1543
01:10:37.239 --> 01:10:39.560
that was that was coming off their Ernie's report, that

1544
01:10:39.600 --> 01:10:43.760
which which caused that initial spike. But yeah, Ralph Lauren,

1545
01:10:43.880 --> 01:10:49.079
I mean I always have a hard time valuing retailers

1546
01:10:49.119 --> 01:10:52.399
that sell close because it's such a hype type of

1547
01:10:52.479 --> 01:10:55.279
business totally, and you never I mean, I'm not the

1548
01:10:55.319 --> 01:10:57.119
type of person that changes what I wear. I mean,

1549
01:10:57.159 --> 01:10:59.319
I'm just gonna keep buying the same type. But there's

1550
01:11:00.039 --> 01:11:02.000
most fashioned. That's how it is, right, I mean, it's

1551
01:11:02.000 --> 01:11:04.760
a cyclical business. So it's like, how do you value

1552
01:11:04.840 --> 01:11:07.279
something that one time, you know, this group of people's

1553
01:11:07.279 --> 01:11:09.560
buying and then they switch over here, and then how

1554
01:11:09.600 --> 01:11:10.920
do you even put a growth rate?

1555
01:11:11.239 --> 01:11:14.319
It's very trendy. It's very very much wish you have

1556
01:11:14.359 --> 01:11:17.119
away the wind blowing it's got to be extremely difficult.

1557
01:11:17.239 --> 01:11:20.720
I've often thought that about trying to staff restaurants. How

1558
01:11:20.800 --> 01:11:23.319
do you know? How do you know what's going to

1559
01:11:23.359 --> 01:11:25.319
happen that night? I mean, I've been in restaurants whether

1560
01:11:25.399 --> 01:11:27.600
we're just like no employees and the place was packed,

1561
01:11:27.880 --> 01:11:30.000
and I've been in restaurants where there was nothing but employees.

1562
01:11:30.399 --> 01:11:33.720
It's got to be really challenging to try to have

1563
01:11:33.880 --> 01:11:36.479
the right number of people for the crowd you're going

1564
01:11:36.520 --> 01:11:38.039
to get. Unless you're taking reservation.

1565
01:11:38.319 --> 01:11:40.800
Got you got reservations, but you've got so much data

1566
01:11:40.800 --> 01:11:41.239
as well, just.

1567
01:11:41.239 --> 01:11:44.479
Like unless you're taking reservations.

1568
01:11:44.159 --> 01:11:46.239
Okay, fine, look at your sales numbers. Then if you're

1569
01:11:46.239 --> 01:11:47.720
not taking reservations.

1570
01:11:47.800 --> 01:11:51.039
Very like that, I can tell you more on the Oundsnade.

1571
01:11:51.039 --> 01:11:52.399
We're kind of put against the break. We'll talk a

1572
01:11:52.439 --> 01:11:53.520
little bit about we'll come back.

1573
01:11:54.560 --> 01:11:56.279
Welcome back to the Money Matter Show. My name is

1574
01:11:56.319 --> 01:11:58.399
Sebastian Bard. Seeing him here with David Sherwood and Todd

1575
01:11:58.560 --> 01:11:59.279
Glick Junior.

1576
01:12:00.399 --> 01:12:02.520
We get to take out every night of the week

1577
01:12:03.000 --> 01:12:05.560
because it's just the two of us. It's easier. My

1578
01:12:05.680 --> 01:12:10.720
wife works, I work, it's just easier. I can't tell

1579
01:12:10.720 --> 01:12:14.439
you I go in the same restaurant on the same

1580
01:12:14.560 --> 01:12:18.079
day every week, Like Monday is a certain restaurant, Tuesdays

1581
01:12:18.079 --> 01:12:21.720
a certain restaurant Wednesdays. You know, I learned early on

1582
01:12:22.319 --> 01:12:26.199
the big decision in America every day is what's for dinner? Right,

1583
01:12:26.760 --> 01:12:29.880
what's for dinner? I solve that problem. I don't want

1584
01:12:29.880 --> 01:12:32.479
to have that discussion anymore. What's for dinner on Monday

1585
01:12:32.560 --> 01:12:34.439
is this? What's for dinner on Tuesday is this? And

1586
01:12:34.520 --> 01:12:36.079
then every now and then we'll change it up. You know,

1587
01:12:36.239 --> 01:12:38.399
I'm gonna tire of that. Okay, let's replace that with this.

1588
01:12:39.159 --> 01:12:41.720
But we know every single night what's for dinner. We

1589
01:12:41.800 --> 01:12:43.199
don't have that discussion. Ever.

1590
01:12:43.359 --> 01:12:44.239
It's a nice structure.

1591
01:12:44.439 --> 01:12:45.880
I like it. I mean, it's taking a lot of

1592
01:12:45.960 --> 01:12:50.560
stress out of our life. It's the big, one of

1593
01:12:50.600 --> 01:12:53.199
the biggest stresses in America every day. What's for dinner?

1594
01:12:53.720 --> 01:12:54.560
What are we gonna have tonight?

1595
01:12:54.920 --> 01:12:55.479
What do you want?

1596
01:12:55.800 --> 01:12:56.640
What do you want to stop?

1597
01:12:56.720 --> 01:12:56.760
It?

1598
01:12:57.239 --> 01:13:01.159
Stop anyway? So that point is, as I'm in the

1599
01:13:01.239 --> 01:13:05.159
same restaurant on the same night every week, and different

1600
01:13:05.239 --> 01:13:08.960
than the number of people can be night and day,

1601
01:13:09.680 --> 01:13:12.439
I can walk in there. Let's take beyond Bread as

1602
01:13:12.439 --> 01:13:15.399
an example. I can walk into Beyond Bread like I

1603
01:13:15.479 --> 01:13:18.960
did Wednesday night. There was two tables, and I can

1604
01:13:19.039 --> 01:13:22.000
walk into Beyond Bread and there's a line literally out

1605
01:13:22.079 --> 01:13:22.439
the door.

1606
01:13:22.920 --> 01:13:24.199
Are you going in at the same time, the.

1607
01:13:24.199 --> 01:13:28.279
Same at the same time, same night? And I think,

1608
01:13:28.520 --> 01:13:30.760
how could you? How can you possibly staff that? That

1609
01:13:30.920 --> 01:13:35.119
is so challenging one of the more challenging jobs around. Hey,

1610
01:13:35.199 --> 01:13:38.079
let's talk a little bit about retail. I saw our H.

1611
01:13:39.079 --> 01:13:40.840
I used to be called restoration hardware.

1612
01:13:40.880 --> 01:13:41.560
What's it called now?

1613
01:13:42.479 --> 01:13:45.279
RH change, which I thought was kind of which I

1614
01:13:45.319 --> 01:13:47.920
thought was pretty stupid. But restoration hardware, I guess was

1615
01:13:48.000 --> 01:13:49.720
confusing to people because they thought it was the place

1616
01:13:49.800 --> 01:13:52.079
maybe where you went out of your hardware restored. Why

1617
01:13:52.079 --> 01:13:54.840
would they think that, right, because it's called restoration hardware.

1618
01:13:57.720 --> 01:14:00.439
Why would you think that's what you do there? Duh.

1619
01:14:02.479 --> 01:14:05.000
It's like going into burger Town and thinking they actually

1620
01:14:05.000 --> 01:14:11.680
had burgers. You know? Anyway, they don't. No. Changing his

1621
01:14:11.760 --> 01:14:14.239
name to our H. Went went to a subscription service.

1622
01:14:14.520 --> 01:14:19.000
It's extremely high end furniture. You don't go in there

1623
01:14:19.079 --> 01:14:20.399
unless you've got some gold bars in.

1624
01:14:20.800 --> 01:14:23.159
It is such a terrible day for high end furniture

1625
01:14:23.239 --> 01:14:24.600
to be hard.

1626
01:14:25.000 --> 01:14:27.880
Yeah, Restoration Harware, and I guess you ever picked that. Well,

1627
01:14:27.960 --> 01:14:31.399
I suppose there's there's probably a history. I probably had

1628
01:14:31.479 --> 01:14:34.359
probably had this rooted in a hardware store at some point.

1629
01:14:35.359 --> 01:14:37.760
But anyway, they changed the name from Restoration Hardware to

1630
01:14:37.840 --> 01:14:41.359
our H and uh, they've just gotten hammered. They've fallen

1631
01:14:41.439 --> 01:14:46.399
more than fifty percent since mid January. Since mid January,

1632
01:14:46.600 --> 01:14:49.520
Wells Fargo has had the stock Get This, Get This

1633
01:14:50.439 --> 01:14:51.520
has had the stock as a.

1634
01:14:51.600 --> 01:14:53.720
Buy the entire trip, of course.

1635
01:14:54.199 --> 01:14:56.920
And here's here's the good news. Though, they lowered their

1636
01:14:57.000 --> 01:15:01.600
target price, but they're keeping it a bye. I'm thinking, well, okay,

1637
01:15:01.640 --> 01:15:03.680
that's the good news because if you if you were

1638
01:15:03.720 --> 01:15:07.520
holding it for a fifty percent decline, I don't think

1639
01:15:07.560 --> 01:15:08.319
you'd sell it now.

1640
01:15:08.439 --> 01:15:11.640
Or who's paying these analysts, it doesn't exist.

1641
01:15:12.039 --> 01:15:16.359
It's self frustrated. Williamsonoma, which is Pottery Barns parent, was

1642
01:15:16.479 --> 01:15:20.239
only down twenty percent, which, when you consider our H

1643
01:15:20.399 --> 01:15:23.319
is fifty percent, that's not too bad. They did drop

1644
01:15:23.399 --> 01:15:26.319
seven percent on Wednesday after the company said net revenue

1645
01:15:26.439 --> 01:15:30.479
could decline in the coming year. Well, again, that's more

1646
01:15:30.560 --> 01:15:34.079
of that. We don't really see the recovery in housing

1647
01:15:34.640 --> 01:15:39.960
home deepot bear market territory down more than twenty percent.

1648
01:15:41.119 --> 01:15:45.199
Dow stock. I think that the Dow was hired this week,

1649
01:15:45.359 --> 01:15:48.600
probably on the back of Boying. I think Boying with

1650
01:15:48.760 --> 01:15:51.640
a big part of why the Dow outperformed the other indices.

1651
01:15:51.720 --> 01:15:54.520
But again with a thirty stock index like that, that's

1652
01:15:54.560 --> 01:15:57.439
why it can be pretty misleading. Well, we don't ever

1653
01:15:57.560 --> 01:15:58.239
follow the Dow.

1654
01:15:58.720 --> 01:16:00.520
I'm interested what you got on a row. They got

1655
01:16:00.560 --> 01:16:04.600
a big pop on Friday, six percent higher now at

1656
01:16:05.199 --> 01:16:06.079
seventy eight dollars.

1657
01:16:06.479 --> 01:16:11.039
On Wednesday, they and they announced that Trump Media and Technology,

1658
01:16:11.399 --> 01:16:15.199
the parent company of Trump's social media platform Truth Social,

1659
01:16:15.960 --> 01:16:20.520
has partnered with Roku and in the last twelve but

1660
01:16:21.119 --> 01:16:25.000
this has partnered excuse Me has partnered with the tech

1661
01:16:25.039 --> 01:16:27.239
company h to launch a new app.

1662
01:16:27.640 --> 01:16:28.880
Within the Roku TVs.

1663
01:16:29.359 --> 01:16:33.399
I don't know, yeah, probably at all, but that's yeah,

1664
01:16:33.479 --> 01:16:35.760
Roku has apps in their TV. It's just like Prime

1665
01:16:35.840 --> 01:16:38.640
and Netflix. Okay, you can then, so it'll be something

1666
01:16:38.680 --> 01:16:42.399
that you could click on and probably watch things through access.

1667
01:16:42.239 --> 01:16:44.199
Direct link to Fox. Basically.

1668
01:16:44.560 --> 01:16:47.479
Yeah, dj T stock is down more than forty percent

1669
01:16:47.560 --> 01:16:49.680
in the last twelve months, but it's still eighty percent

1670
01:16:49.760 --> 01:16:52.600
above where it was when the Dems announced Kamalo is running.

1671
01:16:53.199 --> 01:16:56.159
Remember how it crashed down like twelve bucks or something.

1672
01:16:56.159 --> 01:16:59.079
It's up around twenty right now, is.

1673
01:16:59.079 --> 01:17:02.520
Still what eighteen dollars higher than in centtronsic value.

1674
01:17:03.439 --> 01:17:06.279
Atrinsic value depending on who you talk to, is one

1675
01:17:06.359 --> 01:17:09.399
to two dollars, right, And but it's I don't know.

1676
01:17:09.840 --> 01:17:14.199
I think eventually stock do tend to find their fair value,

1677
01:17:15.239 --> 01:17:17.159
and I think I think it will at some point.

1678
01:17:18.399 --> 01:17:20.760
Yeah, I talked about go ahead, okay, go ahead, don't

1679
01:17:20.840 --> 01:17:21.239
let you finish.

1680
01:17:21.359 --> 01:17:22.640
I've been talking about I just gonna switch.

1681
01:17:22.720 --> 01:17:25.439
Sheper Okay, Well, I was going to go to something

1682
01:17:25.520 --> 01:17:29.840
that is fishy too. Is the quantum computing stocks.

1683
01:17:31.680 --> 01:17:33.159
I don't you know. I don't watch them closely.

1684
01:17:33.199 --> 01:17:34.520
I have a I keep an eye on them.

1685
01:17:34.560 --> 01:17:36.159
I have a client who has been cutting edge on

1686
01:17:36.239 --> 01:17:38.079
that for a couple of years, and he has some

1687
01:17:38.239 --> 01:17:40.199
of these stocks that in very low prices.

1688
01:17:40.520 --> 01:17:42.600
I mean, and that's the thing I mean, obviously, if

1689
01:17:42.600 --> 01:17:44.359
you got some of these things and the pennies your

1690
01:17:44.439 --> 01:17:45.960
your love in your life and you don't really care

1691
01:17:46.039 --> 01:17:48.640
too much. But the one that I looked at this

1692
01:17:48.800 --> 01:17:52.880
article was really interesting. Qubit qubt. It's the ticker it's

1693
01:17:53.079 --> 01:17:57.359
curly trading at seven dollars. But uh, there's lawsuits all

1694
01:17:57.439 --> 01:17:59.560
throughout the week, and you know this is happening, like

1695
01:18:00.000 --> 01:18:03.920
because every single little like router, every single thing you

1696
01:18:03.960 --> 01:18:06.920
can find. They're trying to get investors to know this

1697
01:18:07.119 --> 01:18:09.359
because there is a company that's trying to get a

1698
01:18:09.520 --> 01:18:12.600
lawsuit on cubit saying that it's a class action lawsuit

1699
01:18:12.720 --> 01:18:17.319
that the company misleaded investors in telling them how much

1700
01:18:17.399 --> 01:18:21.560
they had capabilities on quantic computing, where their quantic computing

1701
01:18:21.720 --> 01:18:24.640
was actually like the current scale state of it, just

1702
01:18:24.720 --> 01:18:28.159
pretty much saying that they're they were way ahead of

1703
01:18:28.239 --> 01:18:31.159
where they actually were, and so that's what the lawsuit.

1704
01:18:31.199 --> 01:18:33.359
They're trying to like find shareholders and saying if you

1705
01:18:33.439 --> 01:18:36.199
lost money or whatever. It's also in the world of

1706
01:18:36.399 --> 01:18:38.720
like the fact that we live in a world where

1707
01:18:38.760 --> 01:18:41.680
every lawyer can sue anyone. So how much is this

1708
01:18:42.279 --> 01:18:44.680
truth We will find out in reality. But for those

1709
01:18:44.720 --> 01:18:47.319
who don't remember, this stock went up to eighteen dollars

1710
01:18:47.399 --> 01:18:50.000
to share, it's now at seven. So those who bought

1711
01:18:50.119 --> 01:18:52.399
on the way up where they lost a lot of money,

1712
01:18:52.600 --> 01:18:55.039
So those people are going to try to go So

1713
01:18:55.119 --> 01:18:58.359
there might be more pain for these companies in the

1714
01:18:58.439 --> 01:19:00.520
future because if a judge says, yeah, though they were

1715
01:19:00.600 --> 01:19:04.079
misleading investors, they were nowhere near anywhere of this technology,

1716
01:19:04.680 --> 01:19:06.479
that could be a issue. We talked about how there's

1717
01:19:06.520 --> 01:19:09.680
one company, Quantum Energy Drink that just you know, changed

1718
01:19:09.720 --> 01:19:11.479
the qual and they went up. You know, that's the

1719
01:19:11.560 --> 01:19:13.920
type of thing that as long as the company that's

1720
01:19:13.920 --> 01:19:17.239
say anything misleading, they're probably fine. They just change the name.

1721
01:19:17.279 --> 01:19:19.319
In investors, you know, that's buy or beware.

1722
01:19:19.439 --> 01:19:21.319
Yeah, that's your fall as an investor.

1723
01:19:21.600 --> 01:19:25.000
But when you are at management team saying no, we

1724
01:19:25.199 --> 01:19:28.239
have quantic computing capabilities, we are doing this and that,

1725
01:19:28.640 --> 01:19:31.600
now you follow yourself into like a nicola, right. And

1726
01:19:31.800 --> 01:19:34.600
those who don't remember that this is a company said oh,

1727
01:19:34.680 --> 01:19:37.720
we have this semi truck that can go six hundred

1728
01:19:37.800 --> 01:19:41.520
miles and it one charge. Yeah, it was never true,

1729
01:19:42.119 --> 01:19:44.119
and this stock went up way high because of it.

1730
01:19:44.239 --> 01:19:47.199
And we know what happened out for that. So just

1731
01:19:47.239 --> 01:19:48.800
because the company's saying they could do it, doesn't mean

1732
01:19:48.840 --> 01:19:51.359
they actually can. And that's what I'm gonna be interested

1733
01:19:51.399 --> 01:19:53.800
to follow is whether these lawsuits come out to be

1734
01:19:54.319 --> 01:19:58.000
trueful or if they actually do have obviously they're not

1735
01:19:58.039 --> 01:20:01.319
going to tell you. They don't want the competition to know,

1736
01:20:01.479 --> 01:20:03.119
and so you have to understand that too.

1737
01:20:03.399 --> 01:20:07.840
On some level of trans quantum reminds me of Bitcoin

1738
01:20:07.920 --> 01:20:13.279
in the early days. Were you those people who bought

1739
01:20:13.359 --> 01:20:16.039
into it were real believers? And I think with the

1740
01:20:16.119 --> 01:20:18.800
quantum you have to be a real believer. This isn't

1741
01:20:18.880 --> 01:20:21.439
the trade thing. This is something you believe is going

1742
01:20:21.520 --> 01:20:23.520
to be long term, It's gonna be great. You're gonna

1743
01:20:23.520 --> 01:20:25.199
make a lot of money. I know the guy at

1744
01:20:25.239 --> 01:20:28.359
hike tumamuk with he has seven bitcoins that he paid

1745
01:20:28.399 --> 01:20:31.960
seventeen grand for on average seventeen grand for. So he

1746
01:20:32.079 --> 01:20:34.399
was early and I asked him, I got to one

1747
01:20:34.439 --> 01:20:36.279
hundred and eight, I actually sound and he goes, oh no.

1748
01:20:36.560 --> 01:20:38.520
I mean necessarily it doesn't have to be early. I

1749
01:20:38.560 --> 01:20:41.039
mean he bitcoin was that fifteen thousand, just two years ago?

1750
01:20:41.159 --> 01:20:43.279
Yeah, But I mean he was a believer, you know

1751
01:20:43.319 --> 01:20:43.680
what I mean?

1752
01:20:43.760 --> 01:20:46.479
Though, you know that for those who don't realize bitcoin

1753
01:20:46.600 --> 01:20:48.920
was that fifteen thousand two years ago after it was

1754
01:20:48.960 --> 01:20:49.760
at sixty.

1755
01:20:49.479 --> 01:20:52.840
Four, yeah, sixty four back to fifteen yeah, yeah, So.

1756
01:20:52.960 --> 01:20:56.000
That you know, these are volatile things we're talking about

1757
01:20:56.159 --> 01:20:58.640
they go up and that's everything. Everyone loves them. But

1758
01:20:58.720 --> 01:21:00.840
when they go down, they could go down a lot.

1759
01:21:00.960 --> 01:21:03.199
So if you want something that's not volatile, you want

1760
01:21:03.239 --> 01:21:08.199
to look at General Mills. Great segue, Those sleepy shares

1761
01:21:08.279 --> 01:21:11.239
worth thirty three percent off. They're high and get this

1762
01:21:11.800 --> 01:21:14.720
if you want a lack of volatility, same price that

1763
01:21:14.840 --> 01:21:20.079
they were fifteen years ago. Wow, three percent down on

1764
01:21:20.199 --> 01:21:22.479
Wednesday after the company reported a miss for the most

1765
01:21:22.520 --> 01:21:25.680
recent quarter. Everybody in portsmilk?

1766
01:21:26.079 --> 01:21:26.119
What?

1767
01:21:26.359 --> 01:21:26.399
What?

1768
01:21:26.640 --> 01:21:27.920
What did General Mills do? Again?

1769
01:21:28.039 --> 01:21:28.239
Zero?

1770
01:21:28.399 --> 01:21:28.720
Cereal?

1771
01:21:31.600 --> 01:21:34.600
How about Meta? How about this collapse in Meta?

1772
01:21:35.079 --> 01:21:36.600
Well, I mean, how do you call it a collapse

1773
01:21:36.640 --> 01:21:38.560
or can you just call it what every mac seven's

1774
01:21:38.600 --> 01:21:38.960
been doing?

1775
01:21:39.199 --> 01:21:41.960
Yeah, they're well, no, that's a good point because they're

1776
01:21:41.960 --> 01:21:44.560
all down twenty percent. Yeah, all seven of them except

1777
01:21:44.600 --> 01:21:48.920
for Tesla, which right, Yeah, that's that's a good point.

1778
01:21:49.000 --> 01:21:50.560
So do you think it's just going along way?

1779
01:21:50.640 --> 01:21:53.039
Yeah? I don't think you can consider it's a collapse

1780
01:21:53.119 --> 01:21:54.199
for that specific company.

1781
01:21:54.600 --> 01:21:57.119
That's a good point. But I guess it did what

1782
01:21:57.319 --> 01:22:01.359
nineteen consecutive days higher? I could the highest with the

1783
01:22:01.479 --> 01:22:05.039
most consecutive number of days up for any tech stocks.

1784
01:22:05.079 --> 01:22:06.920
It's nineteen eighty five or something.

1785
01:22:07.199 --> 01:22:08.439
And I think that's what you can do with all

1786
01:22:08.479 --> 01:22:10.800
stocks if you pick just a vacuum, like this company

1787
01:22:10.840 --> 01:22:12.840
went down because of this, or the market went down

1788
01:22:12.880 --> 01:22:15.199
because of that, and it's like, but realistically, if all

1789
01:22:15.279 --> 01:22:17.560
seven did the exact same thing, yeah, you can make

1790
01:22:17.600 --> 01:22:20.039
a reason for each seven, but if all seven did it,

1791
01:22:20.079 --> 01:22:23.960
there's probably something bigger going on than just individual companies.

1792
01:22:24.520 --> 01:22:29.279
And that's why I hate when people attribute a Trump message.

1793
01:22:29.399 --> 01:22:32.000
So that's exactly why the market move. It doesn't really

1794
01:22:32.039 --> 01:22:35.000
work like that. No, No, definitely, it's easy to make

1795
01:22:35.079 --> 01:22:35.760
that correlation.

1796
01:22:36.039 --> 01:22:38.119
Could you have to right? If you're on TV, you've

1797
01:22:38.159 --> 01:22:39.319
got to come up with something right.

1798
01:22:39.399 --> 01:22:41.520
More in the max seven seven? Did you guys see

1799
01:22:41.520 --> 01:22:45.399
the alphabet's Google? They've acquired Whiz for about thirty two

1800
01:22:45.399 --> 01:22:47.199
billion dollars. It's cloud computing.

1801
01:22:47.760 --> 01:22:49.079
Do you think it's a big deal? Yeah?

1802
01:22:49.439 --> 01:22:51.079
I was wondering if you looked ato what Whiz was.

1803
01:22:51.479 --> 01:22:53.439
I had it. I thought you would have no idea.

1804
01:22:53.560 --> 01:22:55.039
No, it's it's a cloud company.

1805
01:22:55.079 --> 01:22:56.600
I don't have any of Google. I don't know Google

1806
01:22:56.640 --> 01:23:00.199
in any account. I just don't care. You don't like no,

1807
01:23:00.319 --> 01:23:02.560
I know dislike it. I just have other things that

1808
01:23:02.640 --> 01:23:07.560
are more interesting. I don't know, like Cava Reord that

1809
01:23:07.680 --> 01:23:10.680
is not more interesting to google. The Mediterranean fast casual

1810
01:23:10.800 --> 01:23:13.840
chain rows five hundred percent? Are you rid of that

1811
01:23:14.000 --> 01:23:16.680
five hundred percent from the fall of twenty three to

1812
01:23:16.800 --> 01:23:19.000
the fall of twenty four. It has since given back

1813
01:23:19.119 --> 01:23:23.600
sixty percent of that game. Stock did open higher on

1814
01:23:23.680 --> 01:23:26.239
Thursday after JP Morgan raised his shares to a bye,

1815
01:23:26.319 --> 01:23:30.840
saying buy now and own for the long term. Cava

1816
01:23:31.199 --> 01:23:34.439
is thought of as a Mediterranean Chipotle.

1817
01:23:34.760 --> 01:23:36.279
I still haven't seen one here in Tucson.

1818
01:23:36.399 --> 01:23:38.119
No, I didn't like to try one. There's twenty Phoenix.

1819
01:23:38.199 --> 01:23:40.560
I think the one I saw was in La thing

1820
01:23:40.680 --> 01:23:41.119
It could.

1821
01:23:40.920 --> 01:23:42.520
You imagine if you can do buy now, pay later

1822
01:23:42.600 --> 01:23:43.159
on stocks.

1823
01:23:44.319 --> 01:23:47.800
It's for those for those that don't know. Instead of tortillas,

1824
01:23:47.840 --> 01:23:50.520
you have peed of bread. We've been Instead of Mexican food,

1825
01:23:50.600 --> 01:23:53.319
you have a Mediterranean food. I was in the restaurant.

1826
01:23:53.319 --> 01:23:54.840
I asked to in line. I said, what do you

1827
01:23:55.000 --> 01:23:56.800
what do you think about this? She goes, their food

1828
01:23:56.920 --> 01:23:59.520
is out of this world, so out of this world

1829
01:23:59.560 --> 01:24:02.920
delicious speak. If you want Mediterranean food on apita, you're

1830
01:24:02.960 --> 01:24:05.399
looking for compa grill and it's town time down to

1831
01:24:05.479 --> 01:24:07.920
buy it and hold it forever. We'll be back right

1832
01:24:07.960 --> 01:24:10.000
after this break. Thanks again for taking time out of

1833
01:24:10.039 --> 01:24:11.319
your Sunday morning. You're joining us.

1834
01:24:13.039 --> 01:24:15.680
Welcome back to the Moneymatter Show. My name is Todd Lick.

1835
01:24:15.800 --> 01:24:18.159
I'm here with Sebastian Board CD and David Sherwood. The

1836
01:24:18.159 --> 01:24:21.680
Greenbergs are out this weekend, but we held down before

1837
01:24:22.039 --> 01:24:24.960
his the last segment, so we talked all about what

1838
01:24:25.159 --> 01:24:28.159
happened in the markets. Always wanted to offer our free

1839
01:24:28.239 --> 01:24:30.960
financial planning to anyone who's listening. We've been doing a

1840
01:24:31.000 --> 01:24:34.119
lot of plans back to back. We are really really

1841
01:24:34.199 --> 01:24:36.920
busy in tax season, but we will start to slow

1842
01:24:37.039 --> 01:24:40.319
up here coming into late April May. So if you

1843
01:24:40.399 --> 01:24:42.520
have any what if scenarios you want to build out

1844
01:24:42.800 --> 01:24:46.039
those our business owners obviously we can go through type

1845
01:24:46.039 --> 01:24:48.359
of succession planning. If you don't have a retirement plan

1846
01:24:48.439 --> 01:24:51.880
set up, There's all kinds of things that a lot

1847
01:24:51.880 --> 01:24:54.600
of people don't realize that are available to them. After

1848
01:24:54.720 --> 01:24:57.039
the Secure two point zero Act was released in twenty

1849
01:24:57.119 --> 01:24:59.640
twenty two, a lot of the rules got changed and

1850
01:24:59.680 --> 01:25:02.439
they're actually beneficial for business owners that want to set

1851
01:25:02.520 --> 01:25:05.399
up retirement plan so if you have any questions about that,

1852
01:25:05.520 --> 01:25:07.039
just give us a call five to zero five four

1853
01:25:07.079 --> 01:25:08.720
four four nine zero nine.

1854
01:25:09.119 --> 01:25:09.239
All.

1855
01:25:09.479 --> 01:25:12.039
We sometimes have issues with our podcasts, but we're trying

1856
01:25:12.079 --> 01:25:15.359
to stay up with KNST to keep those podcasts up

1857
01:25:15.439 --> 01:25:17.720
today as soon as possible. Those should be released on

1858
01:25:17.840 --> 01:25:21.520
Sunday afternoon after this show gets aired on the radio.

1859
01:25:21.560 --> 01:25:23.960
But if you ever have issues with the podcast, please

1860
01:25:24.000 --> 01:25:27.159
get us an email at contact at Greenberg Financial dot

1861
01:25:27.199 --> 01:25:30.079
com and we'll try to fix that as soon as possible.

1862
01:25:30.319 --> 01:25:33.560
Greenberg Financial recently converted from a broker dealer to a

1863
01:25:33.640 --> 01:25:40.159
registered investment advisor. To our clients, it's irrelevant, kind of

1864
01:25:40.159 --> 01:25:41.960
annoying because they had just paid for work and stuff,

1865
01:25:41.960 --> 01:25:47.960
but it's just an internal regulatory structure change. We are

1866
01:25:48.039 --> 01:25:50.560
now one hundred percent fee based as opposed to having

1867
01:25:51.319 --> 01:25:54.359
fee based accounts and commission or do it your self accounts.

1868
01:25:54.840 --> 01:25:57.000
We wanted to rid ourselves to those because there were

1869
01:25:57.039 --> 01:25:59.239
costreame more to keep it open than it was generating

1870
01:25:59.279 --> 01:26:03.159
your revenue. The road I'm going down here is as

1871
01:26:03.199 --> 01:26:08.800
a result of that, we now are placing annuities that

1872
01:26:09.079 --> 01:26:13.399
are registered investment advisor annuities, and Todd tell us a

1873
01:26:13.439 --> 01:26:16.159
little bit about that because I was shocked. Yeah.

1874
01:26:16.239 --> 01:26:19.840
So, fee based annuities are much different than commission nuities,

1875
01:26:19.880 --> 01:26:21.920
and this is something that not even I had full

1876
01:26:22.079 --> 01:26:25.159
grasp of, but for a listener, to keep it simple,

1877
01:26:25.840 --> 01:26:28.920
when you are getting sold an annuity, it has a

1878
01:26:28.960 --> 01:26:33.079
commission associated with it. That commission is a large sum

1879
01:26:33.159 --> 01:26:35.399
of money that the annuity company has to pay out

1880
01:26:35.479 --> 01:26:38.560
to the person who sold it. So the annuity company

1881
01:26:38.640 --> 01:26:40.720
has to hedge their books based on that money that

1882
01:26:40.760 --> 01:26:43.039
they pay out on day one to the insurance by

1883
01:26:43.119 --> 01:26:45.560
making a product that won't grow too much, and that's

1884
01:26:45.560 --> 01:26:47.920
why you have all these fees associated in the product

1885
01:26:48.359 --> 01:26:52.479
or lower income rates. Now, with fee based annuities, you

1886
01:26:52.680 --> 01:26:55.640
don't get that upfront commission that you normally get when

1887
01:26:55.640 --> 01:26:59.760
annuity salesman sell something, so instead you only get a

1888
01:27:00.039 --> 01:27:03.600
one percent advisory fee. It's not a commission, it's an

1889
01:27:03.600 --> 01:27:06.199
advisory fee the same way that you're one percent gets

1890
01:27:06.239 --> 01:27:09.079
built on a managed account, and as the account value

1891
01:27:09.119 --> 01:27:12.520
goes down, you also receive less as the advisor. And

1892
01:27:12.720 --> 01:27:16.000
what that allows the annuity company to do is instead

1893
01:27:16.000 --> 01:27:18.640
of them competing on who's going to pay out the

1894
01:27:18.680 --> 01:27:21.319
most commission to the person who's selling it. They're competing

1895
01:27:21.359 --> 01:27:22.880
on who's going to have the best product for the

1896
01:27:22.960 --> 01:27:25.520
client because they know that the advisor who's selling it

1897
01:27:25.600 --> 01:27:27.680
isn't looking out for how much money they're going to make.

1898
01:27:28.079 --> 01:27:30.000
The advisor's now looking out for what's going to be

1899
01:27:30.039 --> 01:27:32.920
the best for the client, and that changes the complete

1900
01:27:32.960 --> 01:27:35.439
game of how annuities are looked. Now, we've already talked

1901
01:27:35.439 --> 01:27:37.680
about the fact that if you bought annuities four or

1902
01:27:37.720 --> 01:27:39.960
five years ago in low interest rate environments, they're not

1903
01:27:40.079 --> 01:27:42.199
going to be as competitive as they are today. There's

1904
01:27:42.239 --> 01:27:44.560
a reason for that because the bonds that the annuity

1905
01:27:44.600 --> 01:27:47.600
companies buy the insurance companies are now yielding them more

1906
01:27:47.680 --> 01:27:50.199
so they can build better products. It helps them hedge

1907
01:27:50.199 --> 01:27:52.520
against that commission they have to pay. But when you

1908
01:27:52.640 --> 01:27:55.520
even strip out further the commission and you have high

1909
01:27:55.520 --> 01:27:59.399
interest rates, you could do things that seem almost not real.

1910
01:28:00.199 --> 01:28:03.279
Because we were going through an example where this sixty

1911
01:28:03.319 --> 01:28:06.239
five year old lady a million dollars was able to

1912
01:28:06.279 --> 01:28:08.760
get around seventy thousand dollars guaranteed for the rest of

1913
01:28:08.800 --> 01:28:12.439
your life a seven percent withdraw rate, and that's seven percent.

1914
01:28:12.479 --> 01:28:14.600
It's ridiculous. I thought it was wrong right back to

1915
01:28:14.640 --> 01:28:16.359
you and said, is sure about this? This doesn't look

1916
01:28:16.439 --> 01:28:20.479
right because I'm used to the broker dealer worth annuities.

1917
01:28:20.800 --> 01:28:23.239
Yes, with a commission annuity, you would probably expect for

1918
01:28:23.279 --> 01:28:24.960
a sixty five year old no more than a five

1919
01:28:25.000 --> 01:28:28.720
and a half percent and a half and that'd be generous, right,

1920
01:28:28.840 --> 01:28:30.640
And so when you get to that seven, you're like,

1921
01:28:30.840 --> 01:28:32.840
that extra one and a half is because the annuity

1922
01:28:32.880 --> 01:28:35.880
company doesn't have to pay the insurance agent this huge

1923
01:28:35.880 --> 01:28:39.159
commission up front, so they can then build the better product, right.

1924
01:28:39.479 --> 01:28:41.560
And so that's what we've been starting to look look

1925
01:28:41.640 --> 01:28:44.640
through and it is amazing how much better. I mean,

1926
01:28:44.680 --> 01:28:47.800
there's even people right now in old commission annuities that

1927
01:28:47.920 --> 01:28:50.399
we're going to and saying, hey, there's these fee base

1928
01:28:50.439 --> 01:28:52.239
annuities are going to be even better. You're going to

1929
01:28:52.359 --> 01:28:54.319
be able to get more income than what you were

1930
01:28:54.319 --> 01:28:56.359
originally going to get. So, if you have an annuity,

1931
01:28:56.680 --> 01:28:59.520
we have a tool that we now have access to

1932
01:29:00.039 --> 01:29:02.439
that will compare your current annuity with what's it out there.

1933
01:29:02.720 --> 01:29:05.319
And obviously the easiest ones are the ones that are surrender.

1934
01:29:05.560 --> 01:29:07.840
When you have to pay a surrender penalty, it's hard, really,

1935
01:29:07.920 --> 01:29:10.239
really hard to make a case to switch the annuity.

1936
01:29:10.439 --> 01:29:11.000
Yeah, we don't.

1937
01:29:11.159 --> 01:29:14.560
It almost is impossible. But when it's out of surrender,

1938
01:29:14.640 --> 01:29:16.199
and if you have an idea that maybe there's a

1939
01:29:16.279 --> 01:29:18.640
better product out there, especially with rates being better, now

1940
01:29:18.920 --> 01:29:21.319
come to us. We can compare those annuities. We could

1941
01:29:21.319 --> 01:29:23.079
also do the free financial plan to see how it

1942
01:29:23.199 --> 01:29:25.840
works in your plan, and then compare if there is

1943
01:29:25.880 --> 01:29:28.279
another option out there, if that one's better for you,

1944
01:29:28.399 --> 01:29:29.159
and why or why not?

1945
01:29:29.760 --> 01:29:32.479
Now I had to explain to the client why she

1946
01:29:32.640 --> 01:29:35.119
had gone to two different She's a client of ours,

1947
01:29:35.600 --> 01:29:38.640
but she also hasn't account at another firm here in town.

1948
01:29:38.640 --> 01:29:42.039
We're just fine. I had to explain to her why

1949
01:29:42.119 --> 01:29:44.800
ours was so much better than theirs. They're a broken

1950
01:29:44.880 --> 01:29:48.439
dealer and they're signing a different type of annuity, a

1951
01:29:48.560 --> 01:29:52.880
different fee structure, and ours was enough better that it's like,

1952
01:29:53.039 --> 01:29:54.760
what's wrong with yours? Yep.

1953
01:29:54.880 --> 01:29:59.600
Commission based annuities versus advisory fee based annuities. There are

1954
01:29:59.680 --> 01:30:03.239
two different sets and types of annuities, and that's as

1955
01:30:03.319 --> 01:30:06.600
simple as you could put it. One has an advisory fee,

1956
01:30:06.680 --> 01:30:09.840
one has commissions. And when you have these commissions embedded,

1957
01:30:10.199 --> 01:30:12.640
you have something that the annuity company has to hedge

1958
01:30:12.640 --> 01:30:15.439
themselves against When you have a fee, it's not as

1959
01:30:15.479 --> 01:30:17.800
hard for the annuity company to pay that out because

1960
01:30:17.800 --> 01:30:19.720
there's no upfront that they have to come up with,

1961
01:30:20.119 --> 01:30:22.239
so they can just make a good product, and that's

1962
01:30:22.279 --> 01:30:22.840
what it should be.

1963
01:30:23.319 --> 01:30:26.960
And again, some annuities are appropriate for a percentage of

1964
01:30:27.039 --> 01:30:30.760
some people's portfolios based on the risk or not. Sometimes

1965
01:30:30.800 --> 01:30:33.560
they're not. Sometimes they're not appropriated, and they don't fit

1966
01:30:33.640 --> 01:30:36.680
what you're trying to achieve. In this particular case, this

1967
01:30:36.880 --> 01:30:40.399
person is retiring. They're trying to choose whether to take

1968
01:30:40.439 --> 01:30:43.000
a lump sum and put it in an annuity or

1969
01:30:43.199 --> 01:30:47.079
take the payment for life that's being offered by the company. Now,

1970
01:30:47.159 --> 01:30:49.640
the payment for life that's being offered by the company

1971
01:30:50.039 --> 01:30:54.439
is single life. So she walks out the door and dies.

1972
01:30:55.680 --> 01:30:57.119
It's gone. No money is gone.

1973
01:30:57.199 --> 01:30:57.920
Not all the money.

1974
01:30:58.119 --> 01:30:59.319
Yeah, all the money's gone.

1975
01:31:00.239 --> 01:31:02.319
That's maybe in a spear, but in these products you

1976
01:31:02.319 --> 01:31:04.760
would no, no, no, no, I'm talking about her. Oh

1977
01:31:04.880 --> 01:31:09.199
the pension, the pension that sorry sorry sorry, the pension

1978
01:31:09.239 --> 01:31:09.680
that the offer.

1979
01:31:10.079 --> 01:31:13.720
So with the annuity that we looked at today, she's

1980
01:31:13.840 --> 01:31:18.880
going to get instead of instead. This was one point

1981
01:31:18.920 --> 01:31:21.760
six million, So instead of ten thousand dollars a month,

1982
01:31:22.199 --> 01:31:26.000
she's going to get eleven thousand, five hundred dollars a month.

1983
01:31:26.560 --> 01:31:28.319
And on top of that, she is going to have

1984
01:31:28.520 --> 01:31:33.399
some death benefit for fifteen years, whereas with the company

1985
01:31:33.479 --> 01:31:37.039
plan there is no death benefit period. You get hit

1986
01:31:37.119 --> 01:31:39.279
by a bus on your way home from your retirement party,

1987
01:31:39.520 --> 01:31:42.359
is gone, your your money, your one point six million

1988
01:31:42.439 --> 01:31:45.439
is gone. So that that's just an option. And I

1989
01:31:45.640 --> 01:31:48.640
was really impressed with the numbers. You came up to, Hey,

1990
01:31:48.680 --> 01:31:51.399
I know a surefire away to get rich by an

1991
01:31:51.520 --> 01:31:55.840
NBA team, to see where the Boston Celtics sold lastly

1992
01:31:55.960 --> 01:31:59.079
for six point one billion dollars.

1993
01:31:58.840 --> 01:32:01.760
And to be fair, that's probabrobably the second most valuable.

1994
01:32:01.399 --> 01:32:04.039
For it it's more valuable than most. Okay, but think

1995
01:32:04.159 --> 01:32:07.680
back to when Steve Baumer bought the La Clippers. That

1996
01:32:07.880 --> 01:32:12.600
was twenty fourteen, eleven years ago in Los Angeles and

1997
01:32:12.720 --> 01:32:14.520
they were going remember they were going back and forth

1998
01:32:14.600 --> 01:32:17.359
whether it be one point two billion or one point

1999
01:32:17.439 --> 01:32:21.119
three billion, and Bomber says two billion, and the story

2000
01:32:21.359 --> 01:32:24.239
everybody goes, oh he is nuts. So people got for

2001
01:32:24.319 --> 01:32:27.000
two billion? Is it worth what the Boston Celtics are

2002
01:32:27.000 --> 01:32:29.720
worth No, not worth what the Boston Celtics are worth.

2003
01:32:29.880 --> 01:32:31.279
But it's worth a heck of a lot more than

2004
01:32:31.359 --> 01:32:33.560
two billion. Yeah, definitely, I'll tell you that right now.

2005
01:32:33.760 --> 01:32:37.119
Did you get what isn't though? Is the Washington Wizards?

2006
01:32:39.039 --> 01:32:42.119
What about the Utah Jazz? I mean just because I

2007
01:32:42.159 --> 01:32:43.199
mean it's.

2008
01:32:43.119 --> 01:32:43.720
Not that easy.

2009
01:32:43.720 --> 01:32:44.840
I mean you have to be in a big market.

2010
01:32:45.039 --> 01:32:46.840
La is a great market to be in, right, it's

2011
01:32:46.920 --> 01:32:48.920
kind you can see Boston's a great market to be in.

2012
01:32:49.399 --> 01:32:51.760
Well, it's kind of like this whole thing is kind

2013
01:32:51.800 --> 01:32:54.239
of like the old Steve Martin routine. Right, I've got

2014
01:32:54.279 --> 01:32:57.000
a surefireway to become a millionaire. First you get a

2015
01:32:57.079 --> 01:33:02.079
million dollars. Then so in this particular, kay, first time

2016
01:33:02.159 --> 01:33:04.319
you get a billion billion dollars? Yeah, billion dollars.

2017
01:33:04.439 --> 01:33:08.039
Right, and then did you guys see what DoorDash did

2018
01:33:08.119 --> 01:33:08.439
this week?

2019
01:33:08.720 --> 01:33:09.119
I did not.

2020
01:33:09.760 --> 01:33:11.960
So we've talked a little bit about buy now, Pay Later.

2021
01:33:12.079 --> 01:33:14.359
There's a couple different options for platforms for it. You

2022
01:33:14.439 --> 01:33:17.960
have a firm, you have Klarna Klarna buy now pay Later.

2023
01:33:18.079 --> 01:33:20.399
Signed a deal with door dash that now enables me

2024
01:33:20.520 --> 01:33:22.960
to order food through door Dash, and I could buy now,

2025
01:33:23.119 --> 01:33:25.520
pay later, I could split the twenty dollars cost of

2026
01:33:25.600 --> 01:33:28.359
my food between four different payments over a month long

2027
01:33:28.399 --> 01:33:30.720
period with no interest free attached.

2028
01:33:31.199 --> 01:33:32.640
Wow is that crazy?

2029
01:33:33.359 --> 01:33:34.960
It's it's kind of worrysome honestly.

2030
01:33:35.159 --> 01:33:36.720
Well, I mean, why what don't you do it? No interest?

2031
01:33:36.800 --> 01:33:36.920
Right?

2032
01:33:38.079 --> 01:33:39.600
Yeah, throw the money into the markets.

2033
01:33:40.560 --> 01:33:44.760
No, it is quite crazy. The the amount of world,

2034
01:33:44.920 --> 01:33:47.159
I mean, this whole world we live in is based

2035
01:33:47.199 --> 01:33:49.800
on debt, and the more and more debt is available,

2036
01:33:49.960 --> 01:33:51.119
the more the world can grow.

2037
01:33:51.279 --> 01:33:53.039
Right, And there's this more and more ghost step coming

2038
01:33:53.079 --> 01:33:55.880
around with this. I mean, at first you weren't able

2039
01:33:55.920 --> 01:33:59.399
to go and use Klarner buy now, pay later platforms

2040
01:33:59.439 --> 01:34:01.279
at the mall, but now I can go to any

2041
01:34:01.319 --> 01:34:03.560
single store in the Tuson on the outlet. MONU Know.

2042
01:34:03.680 --> 01:34:05.479
Something that just remind me is like I don't think

2043
01:34:05.479 --> 01:34:07.520
a lot of people understand, like the credit access line.

2044
01:34:08.000 --> 01:34:11.359
When you have a joint account or a taxable trust account,

2045
01:34:11.720 --> 01:34:13.880
that's money. Like if you have a million dollars, you

2046
01:34:13.960 --> 01:34:15.920
can set up a credit access line. We do it

2047
01:34:15.960 --> 01:34:17.720
all the time for our clients. I don't think a

2048
01:34:17.760 --> 01:34:19.960
lot of people realize what this is. But it's not

2049
01:34:20.079 --> 01:34:22.079
something that charges you money. To set it up or

2050
01:34:22.199 --> 01:34:25.600
maintain it. It's just if you wanted to loan against

2051
01:34:25.600 --> 01:34:28.399
the value of your portfolio, you can do that and

2052
01:34:28.520 --> 01:34:30.520
you don't have to go through the same up. I

2053
01:34:30.560 --> 01:34:32.119
mean we do this for people like they want to

2054
01:34:32.159 --> 01:34:34.479
do bridge loans. So when they have a house that

2055
01:34:34.520 --> 01:34:36.199
they want to buy, but they're selling the other home

2056
01:34:36.560 --> 01:34:38.000
and they have to come up with the cash to

2057
01:34:38.039 --> 01:34:40.199
buy the home. Sure they have a million dollars, will

2058
01:34:40.199 --> 01:34:42.960
take five hundred buy the house right when the other

2059
01:34:43.039 --> 01:34:45.199
home sells. Will take those proceeds, pay off the cow.

2060
01:34:45.640 --> 01:34:47.239
But then you don't have to go through the bridge

2061
01:34:47.800 --> 01:34:50.760
loan underwriting. You don't have all these Fife's associated Oh yeah,

2062
01:34:50.920 --> 01:34:52.760
is the interest for that amount of period of time

2063
01:34:52.800 --> 01:34:55.079
that you carried the loan. So there's a lot of

2064
01:34:55.199 --> 01:34:57.960
unique ways to use your own money to become almost

2065
01:34:57.960 --> 01:34:58.840
your own financier.

2066
01:34:59.000 --> 01:35:03.439
Why wouldn't you just set a a margin account so simple,

2067
01:35:03.920 --> 01:35:05.600
I mean a margin account versus the line of credit,

2068
01:35:05.640 --> 01:35:06.560
because I see both of them, and.

2069
01:35:06.560 --> 01:35:08.720
I just because you can't take the margin account, yeah,

2070
01:35:08.720 --> 01:35:09.680
put it into a house.

2071
01:35:09.520 --> 01:35:11.680
Because credit accessign actually loan. You're getting cash.

2072
01:35:12.000 --> 01:35:14.119
Yeah, you get this. You can take fifty percent of

2073
01:35:14.199 --> 01:35:16.600
the account out. You can get this, you can do this,

2074
01:35:16.720 --> 01:35:18.399
you can do up to eighty percent, Okay, So that's

2075
01:35:18.600 --> 01:35:20.359
that's why. Yeah, and you get more of that.

2076
01:35:20.479 --> 01:35:22.199
I'm pretty sure. I mean, I don't know for sure.

2077
01:35:23.359 --> 01:35:24.840
Rates are have something to do with it.

2078
01:35:25.880 --> 01:35:28.399
I think the rates, well, the rates on the credit

2079
01:35:28.479 --> 01:35:30.279
access line are in the seven ish area.

2080
01:35:30.680 --> 01:35:33.800
It depends on how much money you have, because it's benchmark.

2081
01:35:33.880 --> 01:35:35.600
Yeah, and I think margin loans are probably more like

2082
01:35:35.680 --> 01:35:36.119
a nine.

2083
01:35:36.079 --> 01:35:38.640
Ish Okay, so maybe a lower lower rate on the

2084
01:35:38.880 --> 01:35:39.319
cow and.

2085
01:35:39.359 --> 01:35:41.239
The amount of cash you can get. I think probably

2086
01:35:41.239 --> 01:35:42.840
the amount of cash you can get is probably the

2087
01:35:42.920 --> 01:35:44.920
big the big one. But it's it's a little more

2088
01:35:44.920 --> 01:35:47.479
hassle to set up than a margin account. Margin accounts

2089
01:35:47.479 --> 01:35:48.279
is one piece of paper.

2090
01:35:48.439 --> 01:35:49.800
It's it's pretty easy though.

2091
01:35:49.800 --> 01:35:52.520
The way. God, we all want to be happy, and

2092
01:35:52.600 --> 01:35:54.199
we all want to be healthy. Because we're not healthy,

2093
01:35:54.239 --> 01:35:56.960
we're not happy and Greenberg, financially, what we're really striving

2094
01:35:57.000 --> 01:36:05.159
to be is profitable to you next week? Why do

2095
01:36:05.239 --> 01:36:05.279
you