May 11, 2025

Trade Wars, Tariffs & Turning Points: Where Markets Go Next

Trade Wars, Tariffs & Turning Points: Where Markets Go Next
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Trade Wars, Tariffs & Turning Points: Where Markets Go Next
Trade Wars, Tariffs & Turning Points: Where Markets Go Next
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In this week’s episode of The Money Matters Show , brought to you by Greenberg Financial Group, we break down the latest shake-ups in the financial world. Former President Trump unveiled a new U.S.-U.K. trade deal framework and floated the idea of lowering tariffs on China by 80% to reignite stalled negotiations. We explore how his trade policies have reshaped the U.S. and global economies, and what this means for markets moving forward.
We also dive into the latest earnings season, which gave stocks a much-needed support zone and why that could matter for your portfolio. Plus, the Fed held off on cutting rates this week, but we share when we think rate cuts are coming, and how that could inject momentum into a cooling economy.
As always, we discuss why a custom financial plan is more important than ever. Don’t just ride the market waves, learn how to navigate them. Take advantage of our free financial planning services today!
If you would like to contact us to learn more about our firm and our process call us at 520.544.4909 or go to our website at www.Greenbergfinancial.com or email us at Contact@Greenbergfinancial.com

WEBVTT

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Well, good morning everybody. It's Sunday morning. It's eight o'clock

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and it is the Money Matter Show right here on

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seven ninety. It is a show that we've been doing

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for a long period of time, and there's one we're

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going to continue to do. We run thirty five years.

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Thirty five years. I've been talking to you people in

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Tucson about financial management, about how to make money. What

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we're doing as money managers. Remember financial Greenberg Financial Group

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has been a money management firm since nineteen eighty eight,

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and now it's morphed into a financial planning and money

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management firm. We actually not only do the plans, which

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is great because it builds the relationships and the trust.

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Dylan is a CFP.

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We'll help on the taxi, we help on to stay planning,

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We help on everything while we put your portfolios together,

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and then we manage it. We don't give it to

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somebody else. We manage it. And the reason we do

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that is because I believe in responsibility. It's much easier

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to be flexible, it's much easier to be able to

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tweak for individuals when the stress gets to home or not.

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A few weeks ago, we were looking and listening to

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the media talk about how bad everything was and how

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bad the markets were, and how everything is going to

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go down, and we can down go down thirty percent,

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fifty percent, and that's when we hit down around forty

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eight hundred on the SMP. We're back over fifty six

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hundred on the SMP in a very short a period

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of time, a few weeks. And why is that? Well, first,

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why did it go down so much? It went down

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so much at first, it's because we've been talking about

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how the underpinnings of the market weren't very strong. So

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as soon as there was some news out there that

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people couldn't really comprehend, they sold first and asked questions later.

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The professionals that have been in this market for a

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long time that trade their own money other people's money,

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when those things have, you noticed, they just get out

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of the way for a day or two or three

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and let the markets go down because they're always going

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to get new money in from people. They're always going

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to have institutional when they're always going to have things

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that they can do. They wait, they wait, and they

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wait and they wait until they basically something comes out

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with some news that changes and they and then the

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short start. The people that are short the market, who

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are betting on the downside, then they have to then

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starts hitting their criteria, they start buying. Then the fomos,

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the fear of missing out, people start buying, and the

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next thing you know, the market's back up fifteen sixteen,

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seventeen percent. That's how it works. And then what they say,

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it's volatility, it's chaos, it's this, it's that. I've been

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watching this happen for over forty years.

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Forty years.

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I've listened to these economists be wrong for over forty years.

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I've been listening to the media just go ahead and

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try to get everyone excited one way or the other,

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just so they can get eyeballs on their TV. Now

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there's some smart people out there. There are, and eventually

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everyone's going to be right eventually. If you keep saying

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the market's going down, when it goes down, oh look

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at that person they called that. It could have been

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a year and a half ago, it could have been

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thousand points ago, but they called that. That's not where

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the respect comes from. The respect comes from the person

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that you deal with, that does your allocations and then

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actually presses the button to make the buys and the cells.

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At the end of the day, the score card is

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the buys and the cells. How did I mitigate risk?

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How did I buy when it was lower? How am

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I still? Where's my position now? It's not in the past,

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it's in the future. I know so many people that go, oh,

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you should have bought that, or you should have bought this,

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And I said, well, we bought this and this. Maybe

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it wasn't what you thought we should buy, but we

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bought this and this, and look where this is. And

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then we sell some stuff, and we sell some stuff

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as they're coming down, and they go down another ten

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or twenty or thirty points, but they still have a

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little bit and.

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Like, whoa, why do we still have that?

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Being good in this business, being good for clients is

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understanding their fear. Not so much the agreed that's easy

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to deal with. It's their fear and you have to

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understand the type of relationship you have so they don't

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go ahead and make the wrong mistake. Everybody gets older.

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Everybody the next time the markets go down will be

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older than they will when the last time the markets

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went down. So when you put your portfolio together and

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the markets are high and you're investing, and you're fully invested,

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you want to be more and you want to be greedy.

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Then when the markets go down, you're gonna get scared.

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So you've got to build portfolios around the ability to

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reduce the stress for individuals when the markets go down.

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That's how you meet gate risks. You can have a

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big cash position, which helps if they can go buy,

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if they if they're if they're taking money out of

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the account and using it on a monthly basis as

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a supplemental income, you have to set the ink the

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portfolio up as if it's a supplemental pension for them.

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Pensions go up and down, you just don't see them.

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But there's a way to go ahead. If you take

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it four or five percent out of your account, a

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six percent even, to go ahead and make sure you

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have enough money for.

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The rest of your lives.

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That doesn't mean if you have a million dollars in

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there and you're taking five, six, seven, eight percent out,

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that that million dollars is still going to be there.

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It could be three hundred, could be four hundred. After

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twenty years, could be five hundred, eight hundred, It could

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be a million and a half. But at the end

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of the day, the whole idea is, did you go

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ahead and live the lifestyle you wanted out of what

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you were able to handle from what what it's able

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to give to you. Remember, if you're getting three thousand

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dollars a month or five thousand dollars a month from

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your pension and you say, oh, I want six or seven,

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they're not going to give it to you. So we

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have to find other ways to get you that money

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and do things. And that's what we do. That's why

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we're our cfps, Our experience, our understanding of the markets,

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the models I put together for over the last twenty

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five thirty years, these are the things that will get

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you through all this. So now the markets are up,

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we just don't sit back and say, hey, this is great, wonderful. No,

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we started to reduce our risk a little bit by

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raising a little bit more cash. This week. I said,

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if it got over fifty six fifty seven hundred, I'll

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start doing that. At fifty eight hundred, I'll do it

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even bigger. Can we go to six thousand? We can.

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I'll tell you right now. If something good comes from

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the from the discussions with China at some time and

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we resolve a deal with them in the India and

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everybody else, then great, we'll rally up big and then

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we'll sell into it. Because it will not hold for

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a while, we will have another downturn. I don't think

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we can go down as far as we were unless

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there's problems. But by the time deals get done, it

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takes a long time. And as you saw by the numbers,

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it's not affecting our economy yet. When by the time

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it starts affecting economy, you got to weigh that against

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the deals that are being made, and then you have

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to look out three, four, five, six months later, so

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on declines, you'd be a buyer again. You stay ahead

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by understanding what's happening today and how the markets will

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react later on. Eventually, the Fed for lower interest rates

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that will stimulate the economy. We have low inflation, right, No,

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the energy prices are way down, Okay, other prices are

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coming down. That's what we wanted. It just baffles me.

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He was able to lower the interest rates in September

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and October in the face of higher inflation, in the

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face of a job market that was very, very tight.

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All the things he was looking at in anticipation of

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the election. I don't understand how he did that. And

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now he looks at it and said, well, tariffs are

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going to be probably could be inflationary, but at least

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we know those tariffs are temporary. You remember when he

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said that inflation was just a temporary thing, but it

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turned out to be a three year thing. Okay, Well,

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I could tell you tariffs are a temporary thing. Good

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one way or the other. It's going to be resolved

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with some type of meeting. Now here's the thing. Now,

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we are changing the way the United States of America

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does business. We're changing the way we are spending, We're

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changing the way we're going to move forward as a country.

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And some people just can't get their hands around that.

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They think the government is here for handouts, the government

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is here for the support of that, and they can

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never go broke. Well, I'm telling you it's happened many

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times to many empires throughout the entire world. The Roman

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Empire thought it would never do anything but conquer the world.

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They came tumbling down the United Kingdom, England. They thought

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they were the strongest and the best ever. Look what happened.

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China is on the right. Soviet unions on the rise

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in the United States of America. If we fall, they

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both will rise. Communism will rise because people will be

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needing the fact of being helped by the government. I

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don't think that most people that live in America want

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to be socialism or communism. They don't understand by giving

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away things to everybody, that is socialism. And when socialism

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gets to the point that you can't afford things and

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the government has to give you everything, that becomes communism.

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And if you think that we don't have a middle

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class now, we will never have a middle class under

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those circumstances. President Trump is trying to put a middle

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class back, the blue collar worker back, the person that

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actually works and does things on an everyday basis. What

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we took away from Ohio and Pennsylvania and the rust

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belt industries. We're trying to put things back in a

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Marria for number one, safety reasons. Can you imagine we

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had a World war right now and we had to

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weight on parts for a military from outside the United States,

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or god forbid, we have another pandemic and China says

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we're not giving you the drugs you need. Think about that.

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We know, we had healthcare essentials that we couldn't get

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our hands on. Thank goodness that China still gave it

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to us. We were still on good terms. But if

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you had war, why would they do it now? Going

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back to our economy, going back to where we are

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right now, and I've been asking this question a lot

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to people.

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Have you.

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Sat and thought about where we were thirty forty fifty

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years ago when it came to government assistance for people

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food stamps, welfare, unemployment, and where we are today. Does

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anyone give a thought or wonder why today we have

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to give so much government assistance to able bodied people.

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That's horrendous. We can't survive doing that. We need to

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help the people that need to help the most physically

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or mentally disability people need help. I get that. I

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don't have a problem with that elderly that's got to

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the point that they can't afford things. We need to

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help them. I get that. But we need to reduce

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the number of people that are on government assistance immediately.

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We get to start with the fraud, start with the overcharges,

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start with all the looting payments that everybody needs. You know,

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this whole thing with Doge right like it or not.

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They're exposing things that have been incredible fifty million dollars

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that don't have to have any tax receipt on it,

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any code on it, to where it went, and you

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find out it went to parties and planes and trips

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and how much in their pockets. I know I've said

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this for a long time, and I know you've thought it.

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How do these people that go in and get a

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job for one hundred and fifty to maybe two hundred

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thousand a year become not millionaires, but twenty million, fifty million,

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one hundred million dollars they walk out with after being

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a lifer in this in Congress. It makes absolutely no sense.

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And now we're realizing that money's been going into places

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that we had no idea where it was going, and

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that should never happen. You ever wonder why they don't

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want to have term limits because the party's over. Say

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what you want about what's going on. Say you don't

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like it, but you don't have a better plan. And

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I want to stop all this just taking thinking it's theirs.

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I've said it before, say it again. If we can

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give hundreds of billions and trillions of dollars away to

237
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around the world.

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We are being.

239
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Taxed too much. We are being taxed too much. It

240
00:14:51.200 --> 00:14:55.080
should not lay on the backs of our hard workers

241
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to be taxed to send money to everywhere in the

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world really need it. So many of those for uh uh,

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you know nonprofit groups. Just look at all that stuff

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that they've been doing. Even if you think half of

245
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it is made up, what about the other half? That

246
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makes no sense. I do not like the fact that

247
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we have so much money that went out and we

248
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had no idea where it was going. But these congress

249
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people become very very rich. Follow the money, follow the trail,

250
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and you follow where the abuse has been. Time to

251
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change that. Once you start changing this now we can

252
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start implementing some other things. And I don't even know

253
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what world I'm living in right now when I look

254
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out there and I see different things going on. But

255
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I am gonna applaud the Columbia University's president.

256
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For the.

257
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I don't know what I want to call it, but

258
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the uprising against Jewish people again there, and they've been

259
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getting away with it for a while.

260
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Right.

261
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Well, she stood up and said, you know what, everyone

262
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that's here can't leave, and I want everyone needs to

263
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have IDs showing that they went to college here, and

264
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if you don't have an idea, you're getting arrested. Look

265
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how many people got arrested, sixty seventy people, which goes

266
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again to what we always believe. There are people going

267
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to these protests that are being paid to go to

268
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these protests to rile up the left with nonsense and

269
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in this case hate. I don't understand why the left

270
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always resorts to violence when they think they're just going

271
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ahead and having free speech. Years ago it happened with

272
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the Summer or Love, burning down federal buildings, shutting off streets,

273
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hurting people, the violence that we've had in our country,

274
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But yet the left still defends them. I don't get it.

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Am I that out of touch that when it comes

276
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to criminals, MS thirteen, gangs, gang members, people that are

277
00:17:39.079 --> 00:17:43.000
legally here, what rights do they have? I didn't know

278
00:17:43.039 --> 00:17:45.519
they had rights. I thought it's like when you do

279
00:17:45.680 --> 00:17:49.880
something wrong and you become a felon, you have no

280
00:17:49.960 --> 00:17:53.759
more rights and we put them in jail and you

281
00:17:53.839 --> 00:17:56.960
have no rights. You have no rights to vote, you

282
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have no rights. But some now if you cross the

283
00:18:04.039 --> 00:18:08.240
border during a Biden administration, even though you were illegal.

284
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They think they have rights, and I'm not sure how

285
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that is. Is it because they got some number that

286
00:18:17.039 --> 00:18:19.920
says they have to have a court case for in

287
00:18:20.480 --> 00:18:25.039
three five years from now? But if they're a criminal,

288
00:18:26.319 --> 00:18:27.880
why do they even have that? Are they going to

289
00:18:27.960 --> 00:18:32.359
be mistakes? Absolutely, they're gonna be mistakes. But I don't

290
00:18:32.400 --> 00:18:38.119
get it. Why do you hang your hat on the

291
00:18:38.160 --> 00:18:43.319
two major things right now? Saving someone that has comes

292
00:18:43.319 --> 00:18:47.640
from L. Salvador was a criminal in L Salvador. We

293
00:18:47.680 --> 00:18:49.119
sent them back there and they want to come here.

294
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And he was here illegally because he had a family,

295
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because he worked illegally.

296
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I don't know.

297
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There's so many of them. I don't know the answer,

298
00:19:01.839 --> 00:19:06.279
but I know this, it makes no sense. We're wasting

299
00:19:06.359 --> 00:19:10.480
our courts, We're wasting opportunity. Why don't the congress people

300
00:19:10.920 --> 00:19:15.960
instead of going and storming an ice center in New

301
00:19:16.039 --> 00:19:24.960
Jersey and having the mayor get arrested for political I

302
00:19:24.960 --> 00:19:28.440
don't know, showing ho we're trying to help when you

303
00:19:28.519 --> 00:19:32.440
know there's ms thirteen criminals there? What are you doing?

304
00:19:34.000 --> 00:19:37.640
Why don't you figure out a way to help the

305
00:19:37.680 --> 00:19:41.079
people in New Jersey to pay less tax to grow

306
00:19:41.119 --> 00:19:47.359
their economy to build jobs, make it safer. If you

307
00:19:47.839 --> 00:19:50.240
think that the people on there are such good people

308
00:19:50.279 --> 00:19:52.640
that are in the detention center, why don't you get

309
00:19:52.640 --> 00:19:55.880
your sleeping bags and pinch your tent and go sleep

310
00:19:55.920 --> 00:20:00.680
there for a few nights. See how you get treated

311
00:20:02.079 --> 00:20:07.640
instead of just doing a circus and trying to prove

312
00:20:07.720 --> 00:20:12.839
what And then on the other side, all you see

313
00:20:13.200 --> 00:20:18.359
is every single Democrat believes by their votes in Congress

314
00:20:20.799 --> 00:20:26.039
that they're not against men in women's sports. Why we

315
00:20:26.160 --> 00:20:29.839
wasted our time on this? It makes no sense. Men

316
00:20:30.160 --> 00:20:33.599
do not play women's sports. It's not fair on any level.

317
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Eighty percent of the people agree to that, But every

318
00:20:38.279 --> 00:20:40.799
every Democrat in the House.

319
00:20:42.119 --> 00:20:43.079
Voted against the bill.

320
00:20:45.200 --> 00:20:48.319
Not sure, why can't get the Republicans will always do

321
00:20:48.400 --> 00:20:49.000
the same thing.

322
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But that's what the Democrats do.

323
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And they are getting on a horse with no name

324
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because I have no clue what they're standing for. Because

325
00:20:59.599 --> 00:21:02.319
on the other side, if they really wanted to stand

326
00:21:02.319 --> 00:21:06.240
for something, do like the presidents of the university did say,

327
00:21:06.519 --> 00:21:09.319
you're okay to go ahead and protest. I don't want

328
00:21:09.359 --> 00:21:13.240
to see hate speech, but you can protest no violence.

329
00:21:13.839 --> 00:21:16.160
But if you're not a student at the school. You're

330
00:21:16.200 --> 00:21:19.359
not allowed here to protest. Get off our private property,

331
00:21:19.480 --> 00:21:22.160
and if you're here, we're gonna arrest you. That's a change,

332
00:21:22.720 --> 00:21:26.079
that's good. Why don't they start coming up with ideas

333
00:21:26.319 --> 00:21:29.839
and start presenting ideas, whether they pass or not, at

334
00:21:29.920 --> 00:21:34.559
least Americans can hear their ideas on how to do something.

335
00:21:34.599 --> 00:21:36.359
Now that the board is safe and you can't complain

336
00:21:36.400 --> 00:21:38.759
about that. We have three people try to get across

337
00:21:38.759 --> 00:21:41.160
the border. Three We were having ten thousand a day.

338
00:21:41.640 --> 00:21:45.200
So why not start talking about an immigration bill that

339
00:21:45.359 --> 00:21:48.200
maybe both sides can agree on because the United State.

340
00:21:48.279 --> 00:21:50.799
People in the United States would love to see an

341
00:21:50.839 --> 00:21:54.880
immigration bill that works for both sides and works to

342
00:21:54.880 --> 00:21:58.480
bring in good immigrants into the country to work here

343
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and make America better. Absolutely, that's what people want. Make

344
00:22:03.759 --> 00:22:07.359
it safer, make it economically strong. We're starting to bring

345
00:22:07.400 --> 00:22:11.160
businesses back. It takes time, you know. But when you

346
00:22:11.240 --> 00:22:14.799
listen to the media, ninety percent of the media is negative. Again,

347
00:22:15.359 --> 00:22:19.960
it doesn't help going forward. We need to just do this.

348
00:22:20.079 --> 00:22:23.119
Give us ideas. Every one should give us ideas. We

349
00:22:23.240 --> 00:22:26.039
got to this point. If you don't want to just

350
00:22:26.119 --> 00:22:29.000
to hear the White House given ideas Congress come up

351
00:22:29.039 --> 00:22:33.119
with ideas, Dems and Republicans come up with ideas that

352
00:22:33.160 --> 00:22:36.440
the public can do it or do you all come

353
00:22:36.519 --> 00:22:38.599
up with these ideas and the media just doesn't want

354
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to hear it because it's boring and they just want

355
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to go on to all the other stuff. I don't know,

356
00:22:43.200 --> 00:22:45.920
but hate needs to stop. We need immigrants to come

357
00:22:45.920 --> 00:22:47.920
in to start to being able to work in the

358
00:22:48.039 --> 00:22:51.079
jobs that we're going to have. We need to start

359
00:22:51.680 --> 00:22:55.519
stopping and realizing common sense takes place. You if you

360
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if you have three million illegal people, you have twenty

361
00:22:58.440 --> 00:23:01.440
but three million that you was looking at criminals and

362
00:23:01.519 --> 00:23:04.119
not here and shouldn't be here and came illegally and

363
00:23:04.200 --> 00:23:06.839
in the last couple of years, stop thinking that you

364
00:23:06.920 --> 00:23:08.720
have to go to all the courts to get about

365
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You'll never be able to do it because we never

366
00:23:10.880 --> 00:23:13.319
had the process. So why don't you admit that that's

367
00:23:13.359 --> 00:23:17.400
the case. Stop saying everything's against democracy and saying everything's

368
00:23:17.440 --> 00:23:22.319
against the constitution because we could say the same thing

369
00:23:22.359 --> 00:23:25.720
on the other side when that was happening too. And

370
00:23:25.799 --> 00:23:28.160
more and more as we see it that one person

371
00:23:28.240 --> 00:23:30.920
on the other side that supported Biden the whole time

372
00:23:31.079 --> 00:23:34.279
will ever admit that they lied. They lied so many times,

373
00:23:34.279 --> 00:23:37.079
but nobody ever wants to admit that. I will at

374
00:23:37.160 --> 00:23:41.319
least admit that on our side they lie to okay,

375
00:23:41.880 --> 00:23:44.039
and I'll call them out when they do it. But

376
00:23:44.119 --> 00:23:46.960
they've never come clean on the on the on the

377
00:23:47.079 --> 00:23:49.480
on the on the computer, the bider hunt, the buy

378
00:23:49.559 --> 00:23:52.200
the computer. They have not tried to come clean. They

379
00:23:52.240 --> 00:23:55.880
have every reason of who was running the country. I

380
00:23:55.920 --> 00:23:58.880
think that's the biggest thing we need to know for

381
00:23:59.000 --> 00:24:04.200
four years. Who ran the country? Did he sign it

382
00:24:04.319 --> 00:24:07.920
or did he just stamp it? Let's face it, Who

383
00:24:08.319 --> 00:24:11.359
made the bills, who put those in front of him?

384
00:24:12.079 --> 00:24:14.759
Who is behind it? We all have ideas, we just

385
00:24:14.799 --> 00:24:16.920
don't know who it is. All Right, we'll be back

386
00:24:16.960 --> 00:24:18.519
at the Money Battery Show. We have a lot to

387
00:24:18.559 --> 00:24:20.759
talk about on how to manage your money and get

388
00:24:20.759 --> 00:24:21.720
through of where we are.

389
00:24:22.359 --> 00:24:24.279
Thank you for listening, and we'll be right back.

390
00:24:26.799 --> 00:24:31.079
Welcome back, everybody to the Moneybatter Show with Dave, Dylan Todd,

391
00:24:31.559 --> 00:24:37.359
myself as every question while he comes on later. Well,

392
00:24:37.720 --> 00:24:39.960
we'll bring him in later. Hey, a lot of dames,

393
00:24:39.960 --> 00:24:41.400
you remember, So.

394
00:24:41.400 --> 00:24:43.240
We got a new pope. That's probably a big news

395
00:24:43.279 --> 00:24:45.640
to you right, he probably covered that in your monologue

396
00:24:45.799 --> 00:24:50.440
New Pope. No, it didn't act first American pope ever.

397
00:24:51.599 --> 00:24:53.680
It sounds like a big deal, but think about it,

398
00:24:53.680 --> 00:24:53.920
it's not.

399
00:24:54.759 --> 00:24:55.759
Why is that not a big deal?

400
00:24:56.680 --> 00:24:58.759
I mean, it's a big deal, but it's not surprising

401
00:24:59.319 --> 00:25:03.480
because the they've had popes for two thousand plus years. Yeah,

402
00:25:03.559 --> 00:25:07.400
we've been around two hundred years. So in those two

403
00:25:07.480 --> 00:25:09.799
hundred years, how many different popes have they been?

404
00:25:09.880 --> 00:25:11.799
A ton? This is the third one in the last

405
00:25:11.799 --> 00:25:12.440
twenty years.

406
00:25:12.839 --> 00:25:14.000
Well, it's because they keep dying.

407
00:25:14.039 --> 00:25:15.960
But yeah, you think that's different than it was one

408
00:25:16.000 --> 00:25:17.480
hundred years ago. They probably died quicker.

409
00:25:18.160 --> 00:25:21.319
I don't know, it just seems like, uh, it was time.

410
00:25:21.519 --> 00:25:24.119
I just I don't know. I wasn't that surprised surprise,

411
00:25:24.359 --> 00:25:27.759
because on how long we've been here. It's like proving yourself.

412
00:25:27.759 --> 00:25:28.559
You got to prove yourself.

413
00:25:28.559 --> 00:25:30.680
The left way media likes. The left wing media liked

414
00:25:30.720 --> 00:25:33.480
it because this guy's been critical of dvancing Trump. Oh

415
00:25:33.519 --> 00:25:36.799
really yeah, So this is the question on Friday, was

416
00:25:36.960 --> 00:25:40.279
well the pope off set Trump? You know, Oh yeah, sure, yeah, Oh.

417
00:25:40.160 --> 00:25:44.079
Yeah, I'm surprised. I didn't say that Trump was the

418
00:25:44.119 --> 00:25:46.480
one that got the USA and as the pope.

419
00:25:46.599 --> 00:25:49.200
Well, and of course a dvance saw the previous pope

420
00:25:49.200 --> 00:25:51.920
the day before he died, so there's not a long

421
00:25:51.960 --> 00:25:53.440
reach to figure it might have killed him.

422
00:25:53.759 --> 00:25:58.000
Right, that's the conspiracy theory on the list, so many more.

423
00:25:58.039 --> 00:26:00.759
Fun surprised they haven't come up with that one. He's

424
00:26:00.799 --> 00:26:02.799
on the day before he died. Well, what do you do?

425
00:26:02.880 --> 00:26:02.960
Oh?

426
00:26:03.000 --> 00:26:05.279
No, they came up with that conspiracy theory. That was

427
00:26:05.359 --> 00:26:08.599
that was going around the internet. Yeah, that conspiracy theory, Yeah,

428
00:26:08.599 --> 00:26:09.200
that was going around.

429
00:26:10.359 --> 00:26:11.119
Talked him into it.

430
00:26:11.480 --> 00:26:16.079
No, that fans was a bad luck charm man talk

431
00:26:16.160 --> 00:26:17.079
him into.

432
00:26:16.960 --> 00:26:18.400
I think one of the things that there was a

433
00:26:18.440 --> 00:26:20.759
lot of time spent on this past week was that

434
00:26:20.759 --> 00:26:24.240
that Trump's hundred day approval rating, you know, the worst

435
00:26:24.240 --> 00:26:27.119
for any president in eighty years. And what they don't

436
00:26:27.160 --> 00:26:30.480
tell you is that it's still better than the Democrats

437
00:26:30.519 --> 00:26:31.319
in Congress.

438
00:26:31.720 --> 00:26:31.880
No.

439
00:26:31.960 --> 00:26:34.119
So I saw this video on Schumer and he was

440
00:26:34.160 --> 00:26:36.119
talking about Trump's first hundred days. I was the lowest

441
00:26:36.279 --> 00:26:39.279
approval rating from the polls that they found. Next question

442
00:26:39.319 --> 00:26:43.599
from a reporter was, Chuck Schumer, your approval ratings are

443
00:26:43.599 --> 00:26:45.680
lower than Trump's from the polls, and He's like, polls

444
00:26:45.720 --> 00:26:47.799
coming go, it doesn't matter, We're all here for it.

445
00:26:48.240 --> 00:26:50.759
And that was without a breath. He changed his whole

446
00:26:50.759 --> 00:26:54.359
tune on it. It makes it seem like it's a joke. Yeah,

447
00:26:54.400 --> 00:26:56.480
that whole thing that's all about it. Like the way

448
00:26:56.519 --> 00:26:59.680
they just talk and spew stuff Congress and everything.

449
00:26:59.720 --> 00:27:01.920
You know, you probably mentioned her any monologue. But there

450
00:27:01.960 --> 00:27:04.160
doesn't seem to be a lot of ideas on the left,

451
00:27:04.160 --> 00:27:07.039
so they're gonna their strategy is to just try to

452
00:27:07.039 --> 00:27:08.440
to belittle of the right.

453
00:27:08.720 --> 00:27:11.400
I don't understand this strategy at all, and I understand

454
00:27:11.400 --> 00:27:12.359
how it helps America.

455
00:27:12.440 --> 00:27:13.000
I don't get it.

456
00:27:13.039 --> 00:27:15.799
I don't get it. I don't get how they're supporting criminals.

457
00:27:16.119 --> 00:27:18.279
And you know, I think I'm going into the New

458
00:27:18.359 --> 00:27:22.000
Jersey detention center, okay and pro and with the protests

459
00:27:22.000 --> 00:27:24.640
and getting arrested and making a big deal of it.

460
00:27:24.680 --> 00:27:28.240
It's like, guys, go get your tent and your sleeping

461
00:27:28.279 --> 00:27:30.559
bag and pitch it in there and see if you

462
00:27:30.559 --> 00:27:31.640
want to be around those people.

463
00:27:32.119 --> 00:27:34.440
Do you really think that's what the American people want

464
00:27:34.440 --> 00:27:34.839
you to know?

465
00:27:34.920 --> 00:27:35.680
I don't think it is.

466
00:27:35.720 --> 00:27:39.480
I think it's just the Democratic Party. It's just whatever's

467
00:27:40.240 --> 00:27:42.839
the Republican parties doing. They're doing the opposite. We don't

468
00:27:42.839 --> 00:27:45.079
know normal people out there like that.

469
00:27:45.240 --> 00:27:48.359
What the Democrats and the Republicans and human beings that

470
00:27:48.519 --> 00:27:52.599
understand and have a heart don't want the wrong people

471
00:27:55.640 --> 00:28:00.640
to be deported. Okay, I agree, they want illegal citizens.

472
00:28:00.680 --> 00:28:03.039
Now there's going to be some that are good people

473
00:28:03.319 --> 00:28:06.880
working that are illegal that might that might get drawn

474
00:28:06.960 --> 00:28:11.400
up in the thing, but they want they were legal leave.

475
00:28:11.440 --> 00:28:14.839
They're giving you the opportunity. Okay, think about this. They're

476
00:28:14.880 --> 00:28:17.799
giving you the opportunity to get on a plane and

477
00:28:17.799 --> 00:28:20.160
not have to pay for it. Get one thousand dollars

478
00:28:20.200 --> 00:28:22.720
a person that gets on that plane, bring you to

479
00:28:22.839 --> 00:28:25.680
your homeland, and then give you the ability to come

480
00:28:25.759 --> 00:28:26.880
to us legally.

481
00:28:27.200 --> 00:28:28.799
I mean, what brilliant strategy.

482
00:28:28.920 --> 00:28:30.640
It was the opposite of what was four years ago

483
00:28:30.680 --> 00:28:33.960
when people were coming on through UH to so International

484
00:28:34.039 --> 00:28:36.480
and getting flown around the country, going into the country.

485
00:28:36.480 --> 00:28:38.279
It's the same idea, but opposite.

486
00:28:38.920 --> 00:28:41.759
I mean, talk about thinking outside the box. That's thinking

487
00:28:41.799 --> 00:28:43.799
outside the box. And I think they'll get a lot

488
00:28:43.839 --> 00:28:46.240
of people will take them up on that because there's

489
00:28:46.240 --> 00:28:47.799
an awful lot of people out there that are very

490
00:28:47.839 --> 00:28:50.480
nervous about getting rounded up and getting back.

491
00:28:50.519 --> 00:28:52.759
It was an idea of an incentive, right, you actually

492
00:28:52.799 --> 00:28:55.880
giving an incentive out there. The Democratic Party doesn't understand incentives.

493
00:28:55.880 --> 00:28:58.599
They've turned into a socialist party. That's what they're trying

494
00:28:58.640 --> 00:29:01.279
to become. They're trying to do socialism here in the

495
00:29:01.400 --> 00:29:03.400
United States. And that's why it's not good for America.

496
00:29:03.440 --> 00:29:06.920
It's good for the people who control that socialist system,

497
00:29:07.039 --> 00:29:09.559
and it's good for those people. And then you think

498
00:29:09.599 --> 00:29:12.039
of like a newsom, why is he making the decisions

499
00:29:12.079 --> 00:29:14.519
he's making. It's not better for California. It's better for

500
00:29:14.680 --> 00:29:17.559
his group of people. That's what socialism does.

501
00:29:17.920 --> 00:29:20.839
Yeah, it is. They they're very good at walking the

502
00:29:20.839 --> 00:29:21.359
party line.

503
00:29:21.359 --> 00:29:23.720
I makes it seem like it's great for everyone else.

504
00:29:23.880 --> 00:29:25.599
Eighty percent of American people, do you know? I heard

505
00:29:25.599 --> 00:29:27.759
you're saying the monologue. Eighty percent of American people don't

506
00:29:27.759 --> 00:29:31.000
want men and women's sports, But now one single Senator

507
00:29:31.319 --> 00:29:34.240
voted in favor of the bill are prohibited.

508
00:29:34.640 --> 00:29:35.839
It's ridiculous.

509
00:29:36.000 --> 00:29:38.599
It's the party line is party before country.

510
00:29:38.839 --> 00:29:40.839
We have seen this for two years. We've seen it

511
00:29:40.880 --> 00:29:44.599
all the time. Girls, women don't want it. The records

512
00:29:44.599 --> 00:29:48.640
they set have listen I'm okay, you want to become

513
00:29:48.680 --> 00:29:53.000
a transgender that's fine, but there's rules in everything you do.

514
00:29:53.640 --> 00:29:58.599
They there's rules. Okay, you cannot go ahead, and and

515
00:29:58.599 --> 00:30:01.279
and and and I mean, there's.

516
00:30:01.079 --> 00:30:01.680
No man in this.

517
00:30:02.119 --> 00:30:05.359
It's it's it's not an x Y chromosome that play,

518
00:30:06.079 --> 00:30:06.640
you know what I mean.

519
00:30:06.839 --> 00:30:10.440
No, I get it. It's just genetically they're genetically stronger.

520
00:30:10.640 --> 00:30:12.759
I think Caitlyn Jenner said it best. He said, there's

521
00:30:12.799 --> 00:30:18.480
a difference between equality and fairness in sports. You want fairness, yeah,

522
00:30:18.599 --> 00:30:21.240
all right, you don't want There's no such thing as equality.

523
00:30:21.240 --> 00:30:23.400
There is different things in sports. That's the whole one.

524
00:30:23.480 --> 00:30:26.759
Even Newsome in California says, no, it's not right. And

525
00:30:26.799 --> 00:30:28.920
then his party just came down on him like a

526
00:30:28.960 --> 00:30:29.200
ton of.

527
00:30:29.160 --> 00:30:30.880
B And that's the issue that's been going on. It's

528
00:30:31.000 --> 00:30:33.920
like you said, he said, he goes against the party,

529
00:30:34.160 --> 00:30:37.599
they just come down on him anytime they there goes Bill.

530
00:30:37.920 --> 00:30:41.640
Let them keep pounding Bernie Sanders and AOC and and everything.

531
00:30:41.720 --> 00:30:43.640
And that's why they don't have a strategy, because they

532
00:30:43.640 --> 00:30:46.240
don't want to actually think critically and learn from their

533
00:30:46.279 --> 00:30:49.519
mistakes and think, Okay, what did my people actually believe

534
00:30:49.559 --> 00:30:52.599
in and let's make a plan based on that. They

535
00:30:52.680 --> 00:30:55.640
just want to bearade the other party what they're doing wrong,

536
00:30:55.720 --> 00:30:56.799
not what they're actually going to do them.

537
00:30:58.119 --> 00:31:02.319
What an opportunity right now to give us an immigration

538
00:31:02.480 --> 00:31:05.440
plan that they believe would be good for both sides.

539
00:31:05.680 --> 00:31:07.640
It can weigh a little bit, since they're putting it together,

540
00:31:07.640 --> 00:31:08.960
it can weigh a little bit their way.

541
00:31:09.000 --> 00:31:10.559
I get that, and.

542
00:31:10.680 --> 00:31:13.599
That probably would be in and when people can actually

543
00:31:13.640 --> 00:31:18.160
become legal. Okay, we'll put something together. Can we shut

544
00:31:18.160 --> 00:31:20.880
down your border that you said you couldn't do? All right,

545
00:31:20.960 --> 00:31:23.319
we're bringing in this stuff. Now, what are the fighting

546
00:31:23.359 --> 00:31:27.720
us on? The fighting on the gang members leave in

547
00:31:27.759 --> 00:31:30.200
the country, that's what they're fighting us on.

548
00:31:30.319 --> 00:31:32.839
I don't get it. I just I can't believe they

549
00:31:32.839 --> 00:31:34.839
think the American people want them to do that.

550
00:31:36.160 --> 00:31:38.920
You know, I think, well, you can see what's happening.

551
00:31:39.279 --> 00:31:41.680
I mean, you look at the where people get their

552
00:31:41.720 --> 00:31:47.240
news from. No one's listening to the CNN, MSNBC. They're

553
00:31:47.319 --> 00:31:49.279
ratings the way down because no one wants to even.

554
00:31:49.079 --> 00:31:51.920
Watch it, and the talking the same talk exactly.

555
00:31:51.759 --> 00:31:53.880
Tired of it. They're tired of listening to them say

556
00:31:53.920 --> 00:31:56.160
you're a dictator. You're a Nazi, You're this, You're that.

557
00:31:56.319 --> 00:31:59.680
They're tired of it. Give me a plan, and that's

558
00:31:59.680 --> 00:32:01.759
what we do here. We make plans for people.

559
00:32:01.960 --> 00:32:04.680
Weather. It's been nice enough but mostly working out outside.

560
00:32:04.720 --> 00:32:08.000
But on a month last month, this past Monday was

561
00:32:08.039 --> 00:32:11.279
actually chilly. It drove me to the gym and I'm

562
00:32:11.279 --> 00:32:15.519
watching TV and at CN and of courses in front

563
00:32:15.519 --> 00:32:18.279
of me on the treadmill. And it's the same old

564
00:32:18.319 --> 00:32:22.400
station I looked at a month or two ago, same thing.

565
00:32:22.599 --> 00:32:25.559
Anyone that has anything disparaging to say about Trump?

566
00:32:25.920 --> 00:32:29.319
Bramon, you just had such a great transition to talking

567
00:32:29.359 --> 00:32:31.079
about the financial plan that we do here, and you

568
00:32:31.200 --> 00:32:33.720
just ran it off with weather and CNN.

569
00:32:33.960 --> 00:32:35.519
Yeah, crazy, Go back.

570
00:32:36.160 --> 00:32:39.000
Go back to the plan. Why we have plans. We

571
00:32:39.039 --> 00:32:41.119
create the financial plan. That's what we do here because

572
00:32:41.119 --> 00:32:43.759
we believe everybody needs a plan in order to retire

573
00:32:43.799 --> 00:32:46.000
the way you want. And it also alleviates a lot

574
00:32:46.000 --> 00:32:48.480
of stress from when you if you don't have a plan,

575
00:32:48.640 --> 00:32:51.240
then a lot more nervous of going into retirement, of

576
00:32:51.400 --> 00:32:53.119
how long your money will last in retirement, will you

577
00:32:53.160 --> 00:32:53.880
run out of money?

578
00:32:54.079 --> 00:32:55.920
Are you investing correctly? Are you too aggressive?

579
00:32:55.960 --> 00:32:58.599
Are you not aggressive enough, Especially in this last six weeks,

580
00:32:58.640 --> 00:33:00.680
a lot of people have been very nervous. Are they

581
00:33:01.160 --> 00:33:03.079
too aggressive? Do they need to pull back? Do they

582
00:33:03.079 --> 00:33:05.119
need to raise cash? And if you've never done a plan,

583
00:33:05.119 --> 00:33:07.440
if you've never looked at your risk tolerance, is something

584
00:33:07.440 --> 00:33:09.400
you should do sooner.

585
00:33:09.200 --> 00:33:09.839
Rather than later.

586
00:33:09.920 --> 00:33:11.519
And that's why we offer this plan for free, the

587
00:33:11.599 --> 00:33:13.599
risk tolerance for free, because we're here to help. We're

588
00:33:13.640 --> 00:33:17.799
here to educate you on how you're looking in retirement,

589
00:33:17.839 --> 00:33:21.720
going into retirement, and what it all could be like.

590
00:33:21.880 --> 00:33:23.599
And one of the most important parts of the plan

591
00:33:23.880 --> 00:33:26.319
is a budget, and most people aren't really good at budget.

592
00:33:26.359 --> 00:33:28.480
The government's also not very good at the budget, which

593
00:33:28.599 --> 00:33:32.839
makes hard to actually formulate a plan when the budget

594
00:33:32.839 --> 00:33:33.519
isn't pen.

595
00:33:33.880 --> 00:33:37.480
Yeah, because of the revenue from the internet bubble.

596
00:33:37.279 --> 00:33:39.880
Right, So when your budget's all over the place, the

597
00:33:39.920 --> 00:33:42.880
plan is not really gonna I mean, if you're shooting

598
00:33:42.880 --> 00:33:44.359
for one hundred and twenty thousand dollars a year and

599
00:33:44.400 --> 00:33:46.680
a financial plan they're really spending one hundred and sixty,

600
00:33:46.839 --> 00:33:49.160
there's going to be a disconnect there, right, There's going

601
00:33:49.240 --> 00:33:51.519
to be a problem. So that's one of the cool

602
00:33:51.559 --> 00:33:53.200
things about the plan though, is we can see what

603
00:33:53.319 --> 00:33:54.839
is the max end of the spending range.

604
00:33:55.279 --> 00:33:58.319
Well, let's look at that's too much spending. They're spending

605
00:33:58.359 --> 00:34:02.599
four forty dollars more than they should, okay.

606
00:34:02.359 --> 00:34:03.160
Or what they plan for.

607
00:34:03.440 --> 00:34:06.599
They planned for. So say it takes some eight years,

608
00:34:07.079 --> 00:34:10.000
all right, they say they're seventy two years old, okay,

609
00:34:10.360 --> 00:34:12.280
and they want to spend more money. They're spending more

610
00:34:12.519 --> 00:34:15.440
until they're about eighty eighty two years old. Right, So

611
00:34:15.559 --> 00:34:18.360
what ends up happening is, Okay, you run out of money. Well,

612
00:34:18.360 --> 00:34:21.119
what's the next plan after that? A lot of people go,

613
00:34:21.280 --> 00:34:23.360
I got a I got my house fully paid for.

614
00:34:23.400 --> 00:34:25.239
It's worth a million and a half dollars.

615
00:34:25.599 --> 00:34:28.000
Then they turn that into a machine for the next

616
00:34:28.039 --> 00:34:31.239
ten years and after eighty. So there is a plan

617
00:34:31.400 --> 00:34:33.320
that you can spend more money, do more things, do

618
00:34:33.440 --> 00:34:35.760
the things you need to do. It's just a matter

619
00:34:35.760 --> 00:34:38.920
of understanding it. Not everyone wants to do that, and

620
00:34:38.960 --> 00:34:41.159
that's fine, But if you get yourself in the bind,

621
00:34:41.719 --> 00:34:44.159
we make sure you have the fallback.

622
00:34:44.679 --> 00:34:47.559
Yeah, and it's kind of along the right what we're

623
00:34:47.559 --> 00:34:49.639
saying with the spending range. If you know that you're

624
00:34:49.639 --> 00:34:51.440
not on the top end of your spending range, you

625
00:34:51.559 --> 00:34:54.320
have room to not stick to it exact number. You

626
00:34:54.320 --> 00:34:55.679
can say, Okay, it's just not going to be that

627
00:34:55.760 --> 00:34:58.440
much more at the end of the plan versus if

628
00:34:58.480 --> 00:35:00.760
I spent towards what I thought was originally.

629
00:35:01.480 --> 00:35:03.440
And when things are good, we want you to spend money,

630
00:35:03.440 --> 00:35:06.199
take money, go on that trip by to fix that kitchen,

631
00:35:06.280 --> 00:35:06.840
buy that car.

632
00:35:06.920 --> 00:35:09.199
And everyone's different too. Some people want to leave nothing

633
00:35:09.239 --> 00:35:11.599
on the end, some people want to leave something right.

634
00:35:11.599 --> 00:35:14.159
And so depending on that you have this maybe depend

635
00:35:14.440 --> 00:35:16.960
you know, stick within a spending range. But most people,

636
00:35:17.079 --> 00:35:19.079
what we find is they can spend a little bit

637
00:35:19.079 --> 00:35:22.559
more than they think. They're just so stuck on that frugal.

638
00:35:23.119 --> 00:35:25.159
Seventy two year old retired doctor and he and his

639
00:35:25.199 --> 00:35:26.719
wife are travel in the world and he said, we're

640
00:35:26.719 --> 00:35:29.280
gonna do it all we can. And there's something to

641
00:35:29.320 --> 00:35:31.440
be said for that, because there comes to time when

642
00:35:31.480 --> 00:35:32.599
you can't anymore, and.

643
00:35:32.559 --> 00:35:33.960
It comes to time that we have to say we

644
00:35:34.000 --> 00:35:35.519
got to take a break and we'll be right back.

645
00:35:35.559 --> 00:35:38.320
We appreciate you listening. It's the Money Matter Show.

646
00:35:39.199 --> 00:35:42.559
Thanks, good morning, Welcome back to The Money Matter Show.

647
00:35:42.639 --> 00:35:45.199
This is Dave Sherwood. I'm here with Dean Greenberg. I've

648
00:35:45.199 --> 00:35:48.320
got Dylan Greenberg, I've got Todd Gligg Junior, and then

649
00:35:48.360 --> 00:35:50.199
the wings Sebastian Borsini.

650
00:35:50.440 --> 00:35:53.360
I mean, the market didn't do much anything that was exciting.

651
00:35:53.559 --> 00:35:57.000
It was interesting because Dylan said earlier in the first

652
00:35:57.039 --> 00:36:01.039
segment about their second segment about the people being nervous

653
00:36:01.119 --> 00:36:05.039
and having the plan and revisiting the plan and whether

654
00:36:05.119 --> 00:36:07.840
or not they need to do something different. At the

655
00:36:07.960 --> 00:36:12.920
end of the week, despite all of the tariff tantrums,

656
00:36:13.000 --> 00:36:16.119
the market was down three point eight percent for the year.

657
00:36:16.599 --> 00:36:19.719
For the year, we're down three point eight percent. Turn

658
00:36:19.800 --> 00:36:20.400
off the TV.

659
00:36:21.280 --> 00:36:22.960
Yeah, and it's some of the risk assets that have

660
00:36:23.039 --> 00:36:25.639
still kind of been in the laggard position. We got

661
00:36:25.639 --> 00:36:27.880
the NASUAK still down seven point two for the year,

662
00:36:28.199 --> 00:36:31.760
the rustle two thousand, the small caps down nine point one,

663
00:36:31.800 --> 00:36:34.480
which really have not got the bounce ever since that

664
00:36:34.559 --> 00:36:37.760
April sell off that we saw. But what has is

665
00:36:37.840 --> 00:36:41.679
other space like bitcoin. Bitcoin back above one hundred thousand dollars,

666
00:36:41.679 --> 00:36:44.719
one hundred and three thousand dollars on Friday.

667
00:36:44.480 --> 00:36:45.880
So six percent on the week.

668
00:36:46.079 --> 00:36:48.000
It was down to like seventy three thousand.

669
00:36:48.119 --> 00:36:50.000
It was, yeah, on that April cell off, and that

670
00:36:50.000 --> 00:36:51.559
would not have been hard just a month ago.

671
00:36:51.639 --> 00:36:54.159
Okay, we're talking about it. On the trading basis, it

672
00:36:54.199 --> 00:36:56.480
looks like there's some resistance between what one oh.

673
00:36:56.440 --> 00:36:59.559
Five and well, definitely at one away. I think that's

674
00:37:00.599 --> 00:37:02.239
that's the high. So those are resistance.

675
00:37:02.920 --> 00:37:04.599
I think it could break through this time.

676
00:37:05.280 --> 00:37:08.679
But you know, obviously bitcoins, like everything else, that goes

677
00:37:08.760 --> 00:37:11.159
up and down. Kay, if you added something to it

678
00:37:11.199 --> 00:37:12.599
down the aile if you're if you have a big

679
00:37:12.719 --> 00:37:14.880
enough position and didn't like it go down, take some

680
00:37:15.039 --> 00:37:17.400
off between one.

681
00:37:17.480 --> 00:37:19.480
I do think because of the fact that we with

682
00:37:19.599 --> 00:37:22.800
a slow economy, you got two things that are gonna

683
00:37:22.960 --> 00:37:26.320
impact bitcoin. One thing, risk assets not being a protractive

684
00:37:26.400 --> 00:37:31.039
that hurts bitcoin. But central banks lowering interest rates, injecting

685
00:37:31.079 --> 00:37:34.760
money into the system helps bitcoin. So which one of

686
00:37:34.800 --> 00:37:37.840
these sides we see. We've seen gold already continue to

687
00:37:38.000 --> 00:37:40.119
it's rise back. I mean it sold off last week

688
00:37:40.159 --> 00:37:42.719
but had a good week this week as well. Oil's

689
00:37:42.760 --> 00:37:44.960
bounced back good this week, goes up two and a

690
00:37:45.000 --> 00:37:48.360
half dollars to sixty one dollars a barrow. So there

691
00:37:48.440 --> 00:37:51.519
is some movements in the commodity space. We've seen inflation

692
00:37:51.599 --> 00:37:53.679
pick up. We got a big inflation report next week

693
00:37:53.880 --> 00:37:56.599
to see how that progress we're seeing, because, like you said, Dave,

694
00:37:56.639 --> 00:37:58.840
if we have a negative quarter like we had less

695
00:37:59.280 --> 00:38:01.119
in Q one, and then if we have negative quarter

696
00:38:01.159 --> 00:38:04.599
again in Q two with increasing inflation, potentially if we

697
00:38:04.639 --> 00:38:07.239
see next week, then you get a stagflation scenario. No

698
00:38:07.280 --> 00:38:09.920
one's gonna like that, and that could put markets in

699
00:38:09.960 --> 00:38:10.480
a bad place.

700
00:38:10.559 --> 00:38:13.360
And that's Tuesday morning, before the open, we get the CPI.

701
00:38:13.559 --> 00:38:17.079
Thursday morning, before the open, we get the PPI, which

702
00:38:17.119 --> 00:38:21.239
is the wholesale version of the CPI. Big numbers, big numbers,

703
00:38:21.280 --> 00:38:25.199
important numbers. Although we've talked before, two of the major

704
00:38:25.280 --> 00:38:31.119
components of CPI, shelter which is housing in rents right apartments,

705
00:38:31.440 --> 00:38:35.679
and oil haven't done anything. So I don't know.

706
00:38:35.719 --> 00:38:37.280
I don't say you all set each other problem.

707
00:38:37.440 --> 00:38:37.679
I don't.

708
00:38:37.800 --> 00:38:40.639
Yeah, I don't think this is the biggest problem I'm having.

709
00:38:40.760 --> 00:38:44.800
Remember they were the big fans of after the pandemic,

710
00:38:46.199 --> 00:38:50.599
inflation's transitory. There was nothing about that. I thought it

711
00:38:50.639 --> 00:38:54.719
was transitory. We had a shutdown of the world, We

712
00:38:54.880 --> 00:38:58.320
had so many trillions of dollars pumped into the world.

713
00:38:58.719 --> 00:39:01.519
How was it going to be non inflationary over the

714
00:39:01.559 --> 00:39:05.800
next two three four years, right, and now we understand

715
00:39:05.920 --> 00:39:10.840
why prices might go higher. They're temporary, it's tariffs. They're

716
00:39:10.840 --> 00:39:13.599
gonna be reversed. It's gonna be deals. And with the

717
00:39:13.679 --> 00:39:16.880
oil down, everything's down. But they don't want to they

718
00:39:16.920 --> 00:39:20.039
don't want to get ahead of the game. I'm sorry.

719
00:39:20.880 --> 00:39:23.800
I just believe they did that right before the election

720
00:39:23.960 --> 00:39:26.239
to try to help, and I think right now they're

721
00:39:26.239 --> 00:39:29.119
doing it there. I hate to think that the FED,

722
00:39:29.159 --> 00:39:33.079
who's supposed to be independent, isn't trying to, you know,

723
00:39:33.199 --> 00:39:34.599
hurt one side or the other.

724
00:39:34.760 --> 00:39:36.280
They never try to get out in front of things

725
00:39:36.360 --> 00:39:38.320
though we know that it neva FED. They drive the

726
00:39:38.360 --> 00:39:40.679
car with the rear view mirror and they look with

727
00:39:40.880 --> 00:39:45.320
lagging data to make their decisions. They're never they never

728
00:39:45.360 --> 00:39:47.559
do something beforehand. I mean the one time they did

729
00:39:47.679 --> 00:39:50.039
they shot themselves in the foot when they rose interest

730
00:39:50.119 --> 00:39:51.840
rates back in twenty eight.

731
00:39:51.400 --> 00:39:53.840
And who was president then, tru Trump and who told

732
00:39:53.880 --> 00:39:55.760
them not to do it Trump, and then they had

733
00:39:55.760 --> 00:39:58.159
to go back Trumps telling them again get in front

734
00:39:58.199 --> 00:40:02.519
of it. Right now, you think it's just this guy Bassett,

735
00:40:03.119 --> 00:40:05.199
I think it's one of the smartest guys that we've

736
00:40:05.199 --> 00:40:10.880
had around in a long time. He understands the interaction

737
00:40:11.159 --> 00:40:15.440
of currencies and economies throughout the world. He really does,

738
00:40:16.320 --> 00:40:20.960
and I mean he knows what he's doing. And so

739
00:40:21.000 --> 00:40:25.079
many other people there are so smart. All right, these

740
00:40:25.119 --> 00:40:29.199
guys ran they didn't I mean, think about who who

741
00:40:29.239 --> 00:40:33.840
was in there before the mayor of Indiana, Okay, things

742
00:40:33.920 --> 00:40:38.280
like that. You've got guys that ran hedge funds, that

743
00:40:38.400 --> 00:40:42.679
ran financial companies that understand this. And I said, this

744
00:40:42.760 --> 00:40:46.920
is my monologue, why is it, okay, we're in such

745
00:40:47.000 --> 00:40:49.239
a bit Have you ever thought about why so many

746
00:40:49.239 --> 00:40:54.000
people are on government assistance now compared to twenty thirty,

747
00:40:54.079 --> 00:40:56.960
forty fifty years ago, Dave, when we grew up, if

748
00:40:56.960 --> 00:41:01.719
somebody was on unemployment, it was horrendous, embarrassing. Much less

749
00:41:01.719 --> 00:41:08.719
food stamps or or or or or goff of bed welfare. Okay,

750
00:41:08.760 --> 00:41:13.199
today people try to be fraudulent to get that stuff.

751
00:41:13.639 --> 00:41:15.840
Social security disability is a career path.

752
00:41:16.159 --> 00:41:20.360
It's unbelievable in this country that that mindset my they needs.

753
00:41:20.199 --> 00:41:23.360
To change wasn't entitlement mindset that was developed very young.

754
00:41:24.039 --> 00:41:26.360
It was it developed in the school systems over the

755
00:41:26.440 --> 00:41:29.119
last thirty years. And you can see it just how

756
00:41:29.320 --> 00:41:30.400
people are now.

757
00:41:30.360 --> 00:41:35.800
Well, it plays out best where in the major college sports. Okay,

758
00:41:36.079 --> 00:41:39.079
the biggest entitled people in the world are basketball players

759
00:41:39.280 --> 00:41:43.079
next to football players. Okay, they just entitled now.

760
00:41:43.159 --> 00:41:47.199
Yeah, like specifically football players, like the corners and receivers.

761
00:41:47.239 --> 00:41:48.360
I feel like the biggest team.

762
00:41:48.440 --> 00:41:49.480
But basketball you only have five.

763
00:41:49.639 --> 00:41:51.039
They're old titled, right, right right.

764
00:41:51.119 --> 00:41:53.239
I think that they deserve all the money.

765
00:41:54.280 --> 00:41:57.519
And it's become very individualized. The whole culture of sports.

766
00:41:57.920 --> 00:42:00.039
Even though you're a team sport, five guys on I

767
00:42:00.199 --> 00:42:02.159
think twenty two guys on a field, the eleven guys on

768
00:42:02.199 --> 00:42:04.920
your one side. It's usually supposed to be a team

769
00:42:05.000 --> 00:42:07.000
sport where the team is bigger than yourself, and now

770
00:42:07.000 --> 00:42:08.840
it's yourself is bigger than everybody else because you matter

771
00:42:08.880 --> 00:42:09.639
more than everybody else.

772
00:42:10.719 --> 00:42:12.519
That started selfish.

773
00:42:12.559 --> 00:42:18.360
iPods, iPads, iPhones, I I I.

774
00:42:19.159 --> 00:42:20.400
So you blame old jobs.

775
00:42:21.079 --> 00:42:25.159
I blame the name of the iPhone, ipay, iPhone absolutely

776
00:42:25.599 --> 00:42:28.239
everyone started to become very selfish. Then I don't need

777
00:42:28.280 --> 00:42:30.719
anybody else. I up my iPhone, my ipay, my iPod.

778
00:42:30.920 --> 00:42:32.760
Well, you don't even know what an iPod was. You

779
00:42:32.800 --> 00:42:33.440
know what that was?

780
00:42:33.880 --> 00:42:37.119
Yes, I know what iPods is. It's you play music

781
00:42:37.119 --> 00:42:37.360
at it?

782
00:42:37.360 --> 00:42:38.559
What are you taking it? I'm just wondering.

783
00:42:38.559 --> 00:42:40.239
I'm not that old, young of me.

784
00:42:40.360 --> 00:42:41.320
You know, what to collect call is?

785
00:42:41.840 --> 00:42:45.440
Yes, you had this story, that's okay. I've had a

786
00:42:45.599 --> 00:42:47.760
I've had a collect call, just in the modern days.

787
00:42:48.000 --> 00:42:50.639
They just asked you. They don't collect college.

788
00:42:51.079 --> 00:42:54.440
One of our young people who will remain un named

789
00:42:55.000 --> 00:42:56.719
the other day and we were driving down the street

790
00:42:56.719 --> 00:42:58.360
and I said, do you know that's not that's not

791
00:42:58.440 --> 00:43:02.039
being developed because you're not good the ingress egress blank

792
00:43:02.079 --> 00:43:06.320
stare So anyway, Uh, you know Trump wants to have

793
00:43:06.800 --> 00:43:10.079
ten percent tariffs. He said, that's ideal, right, ten percent tariffs.

794
00:43:10.159 --> 00:43:12.119
What do you think that will bring in in revenue?

795
00:43:12.599 --> 00:43:15.559
This is an interesting statistic. What do you think a

796
00:43:15.639 --> 00:43:21.760
ten percent tariff, assuming it's they can enforce it, what

797
00:43:21.760 --> 00:43:23.920
do you think a ten percent tariff would bring in

798
00:43:23.920 --> 00:43:25.559
in total revenue annually?

799
00:43:25.639 --> 00:43:26.400
They're in a billion.

800
00:43:26.559 --> 00:43:28.480
That's I was going to say three hundred billion, very close.

801
00:43:28.519 --> 00:43:30.679
Guy's two undred and fifty yeah, two to fifty two

802
00:43:30.800 --> 00:43:34.480
fifty billion billion, yeah, b yeah, that would be used

803
00:43:34.480 --> 00:43:35.280
to reduce our debt.

804
00:43:35.360 --> 00:43:40.480
Let's talk about that deal with ukkay. Of course, the

805
00:43:40.559 --> 00:43:42.760
left is trying to shut it down. Not a big deal. Nothing.

806
00:43:43.480 --> 00:43:48.039
I listened to the Prime Minister during that the broadcast

807
00:43:48.199 --> 00:43:52.039
on the phone talking about how incredible it is that

808
00:43:52.079 --> 00:43:54.199
after twenty five years they we would put a deal

809
00:43:54.199 --> 00:43:56.679
together with the United States and that for twenty five

810
00:43:56.760 --> 00:44:00.559
years that UK and the United States did not have

811
00:44:00.599 --> 00:44:04.079
a deal. Yeah, yees, Okay, now they do and people

812
00:44:04.119 --> 00:44:06.079
do it. Is it a perfect deal no? Is it

813
00:44:06.079 --> 00:44:07.239
a good deal for both sides?

814
00:44:07.360 --> 00:44:07.639
Yes?

815
00:44:07.960 --> 00:44:10.079
Now did we have to make concessions yes? Did they

816
00:44:10.119 --> 00:44:13.039
make concessions yes, But the Rolls Royce engine comes to

817
00:44:13.320 --> 00:44:18.440
Boeing right with no tariffs in reverse.

818
00:44:18.480 --> 00:44:20.159
You know what the UK does.

819
00:44:20.360 --> 00:44:24.280
They buy ten billion dollars worth of plane orders from Boweing. Okay,

820
00:44:24.800 --> 00:44:25.440
not bad.

821
00:44:25.880 --> 00:44:29.079
And they're thinking initially was that Boying could be one

822
00:44:29.119 --> 00:44:31.440
of the big beneficiaries of all of this trade talk

823
00:44:31.440 --> 00:44:33.280
stof because that's one of the places where the guys

824
00:44:33.320 --> 00:44:34.320
can get a lot of revenue.

825
00:44:34.360 --> 00:44:36.079
Well, you're saying twenty five years it took them to

826
00:44:36.079 --> 00:44:37.400
make a deal, and then weren't they part of the

827
00:44:37.400 --> 00:44:39.679
EU until like a decade ago they got to brexit

828
00:44:40.159 --> 00:44:43.559
and the EU's now complaining to the World Trade Organization

829
00:44:43.639 --> 00:44:46.559
saying tarras are inherently against the WTO. So now you

830
00:44:46.559 --> 00:44:48.760
can see why UK never was able to make a

831
00:44:48.800 --> 00:44:51.679
deal until they got away from the EU. The U's

832
00:44:51.800 --> 00:44:54.280
philosophy and their thoughts are much different than UK.

833
00:44:54.400 --> 00:44:58.440
Clearly, the whole mindset, the whole mindset of that thing.

834
00:44:58.480 --> 00:45:00.159
Hey Gan, you talk about the roy in twent he's

835
00:45:00.199 --> 00:45:01.960
quite a bit. I was watching a special the other

836
00:45:03.039 --> 00:45:06.400
I thought, I actually thought about you. But you talked

837
00:45:06.440 --> 00:45:09.800
about the Roaring twenties and it came after the pandemic, right, right,

838
00:45:09.840 --> 00:45:11.440
So we had a pandemic. Now we're going to have

839
00:45:11.440 --> 00:45:13.679
the Rowing twenties again. You know. One of the things

840
00:45:13.679 --> 00:45:16.119
that that that blew me away about this special I

841
00:45:16.159 --> 00:45:19.280
was watching is through the entirety you think of the

842
00:45:19.320 --> 00:45:22.440
twenties as a as a big party time, the flappers,

843
00:45:22.480 --> 00:45:26.039
you know, everybody enjoying a lot of prosperity. Uh. During

844
00:45:26.039 --> 00:45:29.400
that entire time, the United States was in probition. There

845
00:45:29.440 --> 00:45:32.920
was no alcohol that could legally be sold, legally be

846
00:45:33.079 --> 00:45:36.639
sold during the Roaring twenties. I thought that was really interesting.

847
00:45:36.719 --> 00:45:38.519
Yeah, you know about speakeasies, right, you know, why do.

848
00:45:38.559 --> 00:45:42.440
You know why prohibition came about? Because the industrial evolution.

849
00:45:43.000 --> 00:45:46.880
The Industrial evolution could not get workers to work on

850
00:45:47.039 --> 00:45:50.519
time because the US had such a severe alcohol problem.

851
00:45:50.639 --> 00:45:53.400
I remember the Industrial Revolution was the invention of the

852
00:45:53.400 --> 00:45:56.320
cars and stuff like that. Right, yeah, well, what are

853
00:45:56.320 --> 00:45:58.079
we going through now. It's not a new call, but

854
00:45:58.159 --> 00:46:01.360
it's going to be driverless costs. Pretty cool, isn't it

855
00:46:01.440 --> 00:46:02.360
a revolution?

856
00:46:03.400 --> 00:46:04.400
It's the next revolution.

857
00:46:05.000 --> 00:46:08.119
There's a whole other revolution coming out they had the

858
00:46:08.119 --> 00:46:09.199
Industrial Revolution.

859
00:46:10.000 --> 00:46:13.440
We'll think about how much quicker industrial revolution made everything

860
00:46:13.559 --> 00:46:15.480
with all the different engines and stuff like that. AI

861
00:46:15.559 --> 00:46:17.039
is making everything quicker and a whole different way.

862
00:46:17.039 --> 00:46:17.599
You didn't know about it.

863
00:46:17.679 --> 00:46:20.440
You know that all of the wayme old vehicles are jaguars.

864
00:46:21.239 --> 00:46:23.599
I didn't know that. They're all jaguar issues.

865
00:46:23.840 --> 00:46:26.000
I like those things. When you bring those little things up,

866
00:46:26.039 --> 00:46:29.119
those are cool. You know my thing about the about

867
00:46:29.159 --> 00:46:31.480
the weather? No, no, the weather, no weather.

868
00:46:32.400 --> 00:46:34.599
Another cool thing.

869
00:46:34.679 --> 00:46:38.840
The interesting thing about prohibition is while alcohol was illegal,

870
00:46:39.039 --> 00:46:42.559
cannabis was legal. And then when they re legalized alcohol,

871
00:46:42.679 --> 00:46:43.960
they made cannabis illegal.

872
00:46:44.679 --> 00:46:49.000
And the eighteenth Amendment was the pro and the twenty

873
00:46:49.000 --> 00:46:53.000
first Amendment was the only amendment ever to revoke a

874
00:46:53.079 --> 00:46:56.280
previous amendment ever revoked the eighteenth Amendment.

875
00:46:56.280 --> 00:46:57.800
All right, we got a heart break coming up. I

876
00:46:57.800 --> 00:46:59.639
want to thank everybody for listening. We got a whole

877
00:46:59.679 --> 00:47:03.079
nother to talk about your money and how it's affected

878
00:47:03.119 --> 00:47:05.480
by everything that's going on, and we'll give you some

879
00:47:05.559 --> 00:47:07.360
tips I want to do going forward.

880
00:47:07.519 --> 00:47:08.360
Thank you for listening.

881
00:47:09.599 --> 00:47:11.880
Welcome back to the second hour of the Money Matter Show.

882
00:47:12.119 --> 00:47:16.400
We were Dave Sherwood, Todd Glick, Sebastian Borsini, and Dean Greenberg.

883
00:47:17.840 --> 00:47:19.519
For those of you just turning in, the Dow was

884
00:47:19.559 --> 00:47:22.079
down point two percent for the last week, SMP five

885
00:47:22.119 --> 00:47:25.320
hundred was down a half a percent, NASDAK was down

886
00:47:25.440 --> 00:47:27.519
point three percent, and the Russell two thousand was up

887
00:47:27.559 --> 00:47:31.440
point one percent, and the equal weighted SMP five hundred

888
00:47:31.519 --> 00:47:34.079
was up almost a half a percent. So for the year,

889
00:47:34.119 --> 00:47:36.599
the equal weighted five hundred is only down a percent

890
00:47:36.639 --> 00:47:38.599
and a half, which means the whole markets as a

891
00:47:38.599 --> 00:47:41.079
whole isn't as down as much as we think it is.

892
00:47:41.280 --> 00:47:43.760
And how you feel for the last five weeks, it's

893
00:47:43.800 --> 00:47:46.280
really driven by small tech and our small cap which

894
00:47:46.320 --> 00:47:48.639
isn't part of the SMP, but tech is a big

895
00:47:48.679 --> 00:47:50.360
one that's down seven percent for the year.

896
00:47:51.239 --> 00:47:53.559
I've had a few calls, not a lot, but a

897
00:47:53.559 --> 00:47:57.519
few calls, and the marks down one and a half percent,

898
00:47:58.159 --> 00:48:00.320
the overall marks down one and a half percent for

899
00:48:00.360 --> 00:48:00.679
the year.

900
00:48:00.760 --> 00:48:01.320
Well, it's funny.

901
00:48:01.320 --> 00:48:03.800
I mean, it's more about the volatility and the uncertainty

902
00:48:03.840 --> 00:48:06.800
of what could happen to the markets eleading indicator. So

903
00:48:06.840 --> 00:48:08.920
they're thinking the people that are calling the nerves or

904
00:48:09.079 --> 00:48:11.280
of course nervous for the next six months, which the

905
00:48:11.280 --> 00:48:14.760
market usually talks about when you're trying to delete an indicator.

906
00:48:15.119 --> 00:48:16.679
So I mean it's warranted.

907
00:48:17.119 --> 00:48:19.159
Yeah, see those drops last August, we were getting a

908
00:48:19.159 --> 00:48:22.039
couple of calls when you're drops seven percent, so.

909
00:48:22.000 --> 00:48:24.400
When you're having a thousand point drops in the doll yeah,

910
00:48:24.440 --> 00:48:24.880
which is a.

911
00:48:24.920 --> 00:48:28.599
Reminder that every single decline in history has been an

912
00:48:28.599 --> 00:48:31.519
opportunity to buy, not to sell.

913
00:48:31.880 --> 00:48:35.199
Well, this one was also fueled by media as wells

914
00:48:35.239 --> 00:48:37.679
which is I mean, you're expected. One thing we didn't

915
00:48:37.679 --> 00:48:39.639
talk about last hour, and we didn't talk about last

916
00:48:39.639 --> 00:48:41.639
show because as you know, we record these on Friday.

917
00:48:41.880 --> 00:48:45.519
Warn Buffer retired last Saturday.

918
00:48:44.559 --> 00:48:48.000
But he became the chairman. He's going to retire as

919
00:48:48.000 --> 00:48:48.760
at the end of the year.

920
00:48:48.880 --> 00:48:52.360
Yeah, he announced retirement out his shareholder meeting.

921
00:48:52.400 --> 00:48:55.119
Yeah, he'll be ninety five in August. He retires at

922
00:48:55.119 --> 00:48:57.239
the end of the year, and actually what he retires

923
00:48:57.320 --> 00:48:58.519
to is chairman of the board.

924
00:48:58.840 --> 00:49:00.400
They unanimously voted him in.

925
00:49:00.679 --> 00:49:02.880
So, Dan, what do you think is going to travel

926
00:49:02.960 --> 00:49:03.400
now or what?

927
00:49:03.920 --> 00:49:05.519
No? I think travel?

928
00:49:05.679 --> 00:49:07.880
Boy, he's got four meetings a year, he's got a ten.

929
00:49:08.239 --> 00:49:10.079
Yeah, I think he's gonna sit in his house that

930
00:49:10.079 --> 00:49:11.079
he's living for eighty years.

931
00:49:11.920 --> 00:49:13.719
Listen to the same house he's lived in Omaha.

932
00:49:14.000 --> 00:49:16.400
I saw the story he bought a four billion dollar

933
00:49:16.480 --> 00:49:19.800
company from Israel a year like twenty years ago.

934
00:49:20.360 --> 00:49:22.079
He never visited it. He never saw it.

935
00:49:22.079 --> 00:49:23.639
He just looked at their papers and stuff, and they

936
00:49:23.599 --> 00:49:25.360
asked him, why didn't you go fly over there and visit.

937
00:49:25.400 --> 00:49:27.039
He's like, I don't even want to go to Iowa.

938
00:49:27.079 --> 00:49:32.159
I'm not flying across the world. He was at the

939
00:49:32.199 --> 00:49:35.639
Helm for sixty years. Guess how much his return was

940
00:49:35.719 --> 00:49:36.320
in that time?

941
00:49:36.480 --> 00:49:40.039
Oh, it was ridiculous. I guess like what I see

942
00:49:40.159 --> 00:49:44.079
is like, I can't build a million, four million, percent.

943
00:49:43.880 --> 00:49:46.400
Five point five million, five point five million. You put

944
00:49:46.440 --> 00:49:48.639
ten thousand dollars in nineteen sixty five, you would have

945
00:49:48.679 --> 00:49:51.039
five hundred fifty million dollars. Oh, he didn't touch it.

946
00:49:51.039 --> 00:49:53.679
It's amazing crazy, Yeah, I know. He's just an absolutely

947
00:49:53.719 --> 00:49:56.719
amazing guy. And the interesting part. If you don't know

948
00:49:56.800 --> 00:50:00.920
about Warren Buffett's personal life, google him. It's a it's

949
00:50:01.000 --> 00:50:04.679
a very interesting guy, very interesting guy with a very

950
00:50:04.719 --> 00:50:08.559
interesting personal life. His wife. I think he's still married

951
00:50:08.559 --> 00:50:11.400
to her. Right, it's living in California for the last

952
00:50:11.400 --> 00:50:12.000
fifty years.

953
00:50:12.000 --> 00:50:13.679
Well, it doesn't seem like it's that interesting.

954
00:50:14.519 --> 00:50:15.920
No, it's not that interesting at all.

955
00:50:16.000 --> 00:50:19.039
Life isn't that interesting because it's not billion dollars.

956
00:50:19.039 --> 00:50:22.599
Well, you wouldn't expect that from exactly. It seems like

957
00:50:23.239 --> 00:50:26.880
the straight and arrow kind of guy, but really kind

958
00:50:26.880 --> 00:50:29.320
of interesting and lives in the same house he lived

959
00:50:29.360 --> 00:50:30.760
in the last eighty years.

960
00:50:30.840 --> 00:50:33.239
I was reading something that the way he orders a

961
00:50:33.320 --> 00:50:36.840
McDonald's for breakfast, his sausage McMuffin is dependent on what

962
00:50:36.880 --> 00:50:38.320
the market is doing that day.

963
00:50:38.719 --> 00:50:41.440
But he loves McDonald's and he loves he loves diet coke,

964
00:50:42.239 --> 00:50:45.320
big diet coke guy. And uh so, yeah, he's really

965
00:50:46.159 --> 00:50:46.960
good genetics.

966
00:50:47.079 --> 00:50:51.000
Don't you do, doctor pepper Coke? You do coke? Is

967
00:50:51.000 --> 00:50:51.880
that why you do coke?

968
00:50:53.039 --> 00:50:56.239
I don't do coke. I drink diet coke. I don't

969
00:50:56.280 --> 00:50:58.599
do coke. Okay, No, he doesn't like it's talking about

970
00:50:58.599 --> 00:50:59.079
the eighties.

971
00:50:59.079 --> 00:51:00.920
Now, coke's like a sugar.

972
00:51:03.119 --> 00:51:04.239
Let's not bring up the eighties.

973
00:51:04.239 --> 00:51:07.360
Here was drinking regular coke.

974
00:51:08.000 --> 00:51:09.880
You know, I've always said about the sixties. If you

975
00:51:09.880 --> 00:51:16.719
remember the sixties, you weren't there. Uh. Economy, economy continues

976
00:51:16.760 --> 00:51:17.880
to show a few cracks.

977
00:51:17.960 --> 00:51:18.079
Uh.

978
00:51:18.920 --> 00:51:22.239
The consumer confidence here at the lowest level since twenty eleven.

979
00:51:22.559 --> 00:51:24.719
And I think a lot of that's due to the

980
00:51:24.159 --> 00:51:27.960
h triff tantrums, you know, the chaos that's that's been around.

981
00:51:27.960 --> 00:51:31.639
That Q one GDP, as we know, was the negative number.

982
00:51:33.199 --> 00:51:35.280
Is Q two going to be a negative number? It

983
00:51:35.320 --> 00:51:37.440
kind of feels like it kind of feels like it

984
00:51:37.440 --> 00:51:39.239
could be a negative GDP this quarter.

985
00:51:39.400 --> 00:51:41.639
Where do you think they come with out Like what

986
00:51:42.280 --> 00:51:44.559
questions do you think they ask in consumer confidence?

987
00:51:44.880 --> 00:51:45.599
Are you confident?

988
00:51:46.079 --> 00:51:46.920
I'm not confident?

989
00:51:47.719 --> 00:51:49.840
Like you know what, No, I get it, I get it.

990
00:51:49.960 --> 00:51:50.679
I have no.

991
00:51:50.559 --> 00:51:54.320
Wonder you say, yeah, you say it too. It's not

992
00:51:54.360 --> 00:51:56.519
a market mover. If you said that many times, it's

993
00:51:56.559 --> 00:52:00.039
not just wonder what it? Uh fortails, because does it

994
00:52:00.039 --> 00:52:02.519
does it really matter what the consumers thinking or does

995
00:52:02.559 --> 00:52:04.599
it more matter like what business owners are thinking.

996
00:52:04.639 --> 00:52:08.960
It's really the temperature of the economy, what people feel.

997
00:52:09.119 --> 00:52:11.960
It's the temperature of your feelings because it changes. That's

998
00:52:12.000 --> 00:52:13.000
why it's not a market move.

999
00:52:13.119 --> 00:52:14.880
Well, do you care more about the people that are

1000
00:52:14.920 --> 00:52:16.639
setting the prices of the people that are buying?

1001
00:52:16.880 --> 00:52:19.400
Yeah, I don't care anything about consumer confidence other than

1002
00:52:19.440 --> 00:52:21.800
it's an interesting to see it's the lowest it's spend

1003
00:52:21.840 --> 00:52:22.599
in fourteen years.

1004
00:52:22.599 --> 00:52:24.840
But like if you were getting the confidence of all

1005
00:52:24.880 --> 00:52:27.199
the top business owners.

1006
00:52:27.079 --> 00:52:29.400
Sure that'd be more important, wouldn't it, right, be way

1007
00:52:29.400 --> 00:52:32.679
more important than consumer confidence. And then you know, you

1008
00:52:32.760 --> 00:52:35.880
get the negative GDP, you get the consumer confidence number,

1009
00:52:36.159 --> 00:52:40.239
and then bang, last Friday would get a giant jobs report, strong,

1010
00:52:40.920 --> 00:52:44.960
very strong jobs report, and Amazon came out last week

1011
00:52:45.199 --> 00:52:50.079
said they're not seeing any weakening of orders or increasing

1012
00:52:50.159 --> 00:52:50.719
of prices.

1013
00:52:50.840 --> 00:52:52.960
Lift also came out yesterday and said.

1014
00:52:52.800 --> 00:52:53.360
The same thing.

1015
00:52:53.440 --> 00:52:55.880
Yeah Friday, last night, Friday, Yeah, I have done.

1016
00:52:55.880 --> 00:52:57.840
You had Expedia come out with their earnings and say

1017
00:52:57.840 --> 00:52:59.599
that they're seeing a slow down a travel across the

1018
00:52:59.599 --> 00:53:00.079
You know, it's.

1019
00:53:01.519 --> 00:53:04.639
Which I was really surprised about. Subjectively, I did not

1020
00:53:04.800 --> 00:53:07.239
think there was. It felt like there was a slowdown

1021
00:53:07.239 --> 00:53:08.639
of travel in Q one.

1022
00:53:08.840 --> 00:53:12.679
But I think the market hates more than anything else

1023
00:53:12.760 --> 00:53:15.239
is uncertainty. And right now we've got it in spades.

1024
00:53:15.719 --> 00:53:19.639
And you look at what Trump's doing. And I was

1025
00:53:19.679 --> 00:53:22.800
talking to a client who was on the other side

1026
00:53:22.840 --> 00:53:25.639
of the fence about and she was a little nervous,

1027
00:53:25.360 --> 00:53:30.119
and I said, you know, no one has We're going

1028
00:53:30.159 --> 00:53:33.519
broke as a country. We're slowly but steadily going broke.

1029
00:53:34.360 --> 00:53:39.880
Somebody has to do something, and thank goodness, somebody's trying

1030
00:53:39.960 --> 00:53:43.440
to do something. This is the first time anybody's tried

1031
00:53:43.480 --> 00:53:46.119
to do anything. And as long as I can remember,

1032
00:53:46.480 --> 00:53:50.199
And and do you like him? Doesn't matter? Do you

1033
00:53:50.320 --> 00:53:52.960
like what he's doing? Kind of doesn't matter. Is he

1034
00:53:53.199 --> 00:53:55.800
trying to make things better?

1035
00:53:56.360 --> 00:53:56.559
Yes?

1036
00:53:57.039 --> 00:53:59.079
Yes, I don't think anybody can argue that he's not

1037
00:53:59.119 --> 00:54:01.880
trying to do. You may not like his approach, you

1038
00:54:01.960 --> 00:54:07.119
may not like him personally. I get that, But he's

1039
00:54:07.280 --> 00:54:13.679
trying to fix a broken system. How do you fight

1040
00:54:13.719 --> 00:54:16.639
against that? How do you not think that that's a

1041
00:54:16.679 --> 00:54:22.400
good idea? China suffering, They're they're suffering as much as

1042
00:54:22.679 --> 00:54:26.360
more than we are. Certainly there's factories closing, there's people

1043
00:54:26.360 --> 00:54:34.239
getting laid off. We've been hearing about social unrest increasing

1044
00:54:34.320 --> 00:54:38.840
in China. At the end of the day, China. Of

1045
00:54:38.960 --> 00:54:44.079
China's exports, the US buys fifteen percent of what China

1046
00:54:44.360 --> 00:54:50.599
exports fifteen percent of what the US buys sixteen percent.

1047
00:54:51.480 --> 00:54:56.079
One six comes from China, sixteen percent. It's a big number.

1048
00:54:56.440 --> 00:55:00.480
I think the people in the United States suffering most

1049
00:55:00.559 --> 00:55:03.760
right now from these one hundred and forty five percent

1050
00:55:03.800 --> 00:55:07.519
tariffs are the our agriculture farmers. Farmers. Armers are the

1051
00:55:07.559 --> 00:55:09.679
ones getting hit the hardest, and they're getting hit with

1052
00:55:09.719 --> 00:55:14.599
a sledgehammer that can't go on for a long period

1053
00:55:14.599 --> 00:55:17.880
of time. You're gonna start to see farms closed there,

1054
00:55:18.119 --> 00:55:20.199
go out of business, and we're gonna start seeing bankruptcy

1055
00:55:20.199 --> 00:55:22.639
in the in the in the farm belt. Not yet,

1056
00:55:22.719 --> 00:55:27.719
this is all pretty brand new. Hopefully this weekend they'll

1057
00:55:27.760 --> 00:55:30.679
start to get to start to some negotiations China in

1058
00:55:30.719 --> 00:55:35.400
the US meeting in Switzerland to talk trade. Hopefully that'll

1059
00:55:35.400 --> 00:55:38.159
be the beginning. Trump had a little bit more conciliatory

1060
00:55:38.719 --> 00:55:44.239
attitude on Friday, talking about reducing China tariffs to fifty percent,

1061
00:55:44.639 --> 00:55:46.039
which is still ridiculous.

1062
00:55:46.440 --> 00:55:48.000
That's all more around eight eighty.

1063
00:55:48.159 --> 00:55:51.639
Yeah, yeah, I saw, I saw him, But they could

1064
00:55:51.639 --> 00:55:53.400
have gone fifty to eighty. I saw fifty.

1065
00:55:53.440 --> 00:55:55.719
You're just pulling numbers out of there anyway, pulling numbers

1066
00:55:55.760 --> 00:55:56.280
out of the area.

1067
00:55:56.559 --> 00:56:00.480
This morning morning on Friday, is like tweeted out eighty

1068
00:56:00.519 --> 00:56:03.599
percent seemed fair. Yeah, that was the number he felt

1069
00:56:03.599 --> 00:56:04.239
fair this morning.

1070
00:56:04.239 --> 00:56:05.440
I don't know where he got that number.

1071
00:56:05.960 --> 00:56:09.840
I don't think relevant because forty five percent is a

1072
00:56:09.880 --> 00:56:11.079
trading Barko is.

1073
00:56:11.159 --> 00:56:12.599
Well, he's trying to spark the talks.

1074
00:56:12.639 --> 00:56:15.039
Obviously, he says if the talks go well this week,

1075
00:56:15.079 --> 00:56:18.400
they'll get actual Z and him in a room, and

1076
00:56:18.639 --> 00:56:23.280
that will really be the bell if we get an actual.

1077
00:56:23.039 --> 00:56:23.880
Change or not there.

1078
00:56:23.920 --> 00:56:25.960
But yeah, right now, that's going to be the next

1079
00:56:26.000 --> 00:56:27.719
thing that really moves to market. We know we have

1080
00:56:27.760 --> 00:56:31.280
the CPI inflation report on Tuesday, the PPI on Thursday.

1081
00:56:31.519 --> 00:56:33.880
That's going to be for sure on market mover. But

1082
00:56:34.239 --> 00:56:36.159
the big one that we're all waiting for is the

1083
00:56:36.239 --> 00:56:39.239
China US trade deal. We already got all the earnings reports.

1084
00:56:39.519 --> 00:56:41.639
Pretty much over ninety percent of the S and P

1085
00:56:41.760 --> 00:56:45.519
of is now reported right now. Blended growth stands at

1086
00:56:45.559 --> 00:56:48.559
around approximately thirteen and a half percent. That's up seven

1087
00:56:48.639 --> 00:56:52.280
point two percent at end of quarter one, so it has,

1088
00:56:52.760 --> 00:56:55.559
you know, much better than what we expected. But again

1089
00:56:55.599 --> 00:56:57.800
we're kind of doesn't matter because you're looking in the

1090
00:56:57.840 --> 00:57:00.119
room of your mirror of an economy that the and

1091
00:57:00.159 --> 00:57:03.679
have tariffs on it. So it it definitely helped stocks

1092
00:57:03.800 --> 00:57:07.159
get a bottom here. Obviously the other trade deal frameworks

1093
00:57:07.159 --> 00:57:08.679
that have been unveiled.

1094
00:57:08.440 --> 00:57:09.639
Have helped sucks as well.

1095
00:57:10.079 --> 00:57:13.239
But at the end of the day, the guidance has

1096
00:57:13.239 --> 00:57:16.039
been kind of wishy washy on both sides. Some say

1097
00:57:16.079 --> 00:57:18.679
that there's going to be impact, some say they don't know,

1098
00:57:18.960 --> 00:57:20.719
some say there are going to be no impact.

1099
00:57:21.079 --> 00:57:23.920
It is interesting. It is interesting to companies in the

1100
00:57:23.960 --> 00:57:28.000
same industry saying I'd say it looks a little bleak,

1101
00:57:28.039 --> 00:57:30.440
and and somebody in the same industry going, no, we're

1102
00:57:30.480 --> 00:57:31.000
looking good.

1103
00:57:31.559 --> 00:57:34.639
It's really there's not a consensus that you can feel

1104
00:57:35.199 --> 00:57:38.519
just yet on it. On business owner perspective, the Q.

1105
00:57:38.440 --> 00:57:42.719
One earn each side had been pretty strong. Companies like Microsoft,

1106
00:57:42.800 --> 00:57:43.480
it just blew the.

1107
00:57:43.519 --> 00:57:45.639
Number away, but even Google did too.

1108
00:57:46.119 --> 00:57:48.320
Yeah, if you look at their numbers, which we were

1109
00:57:48.320 --> 00:57:50.960
talking about, add those advertising numbers. If you look at

1110
00:57:50.960 --> 00:57:53.880
meta advertising numbers. We were saying, that's your canary in

1111
00:57:53.920 --> 00:57:56.800
the Coalmont. If you don't get good numbers there, especially

1112
00:57:56.840 --> 00:57:59.440
in a quarter where we saw negative GDP growth, that's

1113
00:57:59.440 --> 00:58:01.199
going to be like, okay, yeah, that's really bad.

1114
00:58:01.599 --> 00:58:02.639
But they killed it.

1115
00:58:02.960 --> 00:58:05.280
Well when Apple came out last week and said that

1116
00:58:05.400 --> 00:58:10.960
they've seen a uh noticeable decline in Safari for search engine,

1117
00:58:11.360 --> 00:58:15.039
and that sent Google lower because everybody goes, oh, boy,

1118
00:58:15.159 --> 00:58:18.559
these uh, these young people are all going to alternative

1119
00:58:19.360 --> 00:58:19.960
search engine.

1120
00:58:20.000 --> 00:58:21.840
Yeah, but Safari is not Google.

1121
00:58:21.880 --> 00:58:23.039
Is Apple? Yeah?

1122
00:58:23.119 --> 00:58:26.119
Apple, No, yeah, and Safari is on that boy.

1123
00:58:26.280 --> 00:58:29.599
Apple commented that Google is the search engine automatically.

1124
00:58:29.679 --> 00:58:34.559
Had dropped I see Google, and Apple was already down

1125
00:58:35.440 --> 00:58:37.440
because of the trades.

1126
00:58:37.239 --> 00:58:39.599
And Google said, no, we have had actually more search

1127
00:58:39.840 --> 00:58:43.199
quarries than we had. They're continuing to grow. They're quarries

1128
00:58:43.239 --> 00:58:48.239
of searches, they're users of Safari on of Google have

1129
00:58:48.440 --> 00:58:51.079
continued to grow. So they kind of said that's not

1130
00:58:51.119 --> 00:58:54.800
true through their own report, but still Google ended it

1131
00:58:54.880 --> 00:58:58.239
down seven percent on the week. They've had some trouble, obviously,

1132
00:58:58.320 --> 00:59:01.599
the big do O J anti trust lawsuits hanging over

1133
00:59:01.599 --> 00:59:01.960
their head.

1134
00:59:02.000 --> 00:59:03.920
I think it's kind of putting fresher on.

1135
00:59:03.840 --> 00:59:06.679
The star on the background, but then you have this

1136
00:59:06.920 --> 00:59:09.559
front end rumor news just keep hitting it, even though

1137
00:59:09.559 --> 00:59:12.719
again they reported a really strong quarter on money making.

1138
00:59:12.760 --> 00:59:15.119
If you look at their pe, they're the cheapest of

1139
00:59:15.159 --> 00:59:16.800
the Max seven's by far right now.

1140
00:59:17.519 --> 00:59:20.400
But most of the most of the lawsuit news, and

1141
00:59:20.519 --> 00:59:24.000
most of the lawsuit decisions, or you know, with anything

1142
00:59:24.039 --> 00:59:26.920
as large as this, there are decisions along the way.

1143
00:59:26.920 --> 00:59:29.400
Most of them are going against Google, which makes it

1144
00:59:29.440 --> 00:59:32.039
look alphabet, which makes it look like they're going to

1145
00:59:32.119 --> 00:59:36.320
have to break the company up. And that's a big uncertainty.

1146
00:59:36.719 --> 00:59:37.400
Don't get me wrong.

1147
00:59:37.440 --> 00:59:39.840
I use Google every single day, but I do think

1148
00:59:39.960 --> 00:59:43.320
that with chat GPT, I use it noticeably less.

1149
00:59:43.599 --> 00:59:46.719
I have a very I could say that too, I

1150
00:59:46.760 --> 00:59:49.360
have a very volatile relationship with chat GPT.

1151
00:59:49.639 --> 00:59:50.079
Volatile.

1152
00:59:51.199 --> 00:59:54.480
We don't get along well, we don't get along great.

1153
00:59:55.400 --> 00:59:57.760
I use I use Google a lot, and I use

1154
00:59:57.880 --> 01:00:00.639
Chat GPT from time to time, and and we just

1155
01:00:00.679 --> 01:00:02.519
don't seem to be able to get on the same page.

1156
01:00:02.559 --> 01:00:09.039
What I don't know, I don't know. It's for instance,

1157
01:00:09.119 --> 01:00:14.159
I asked a question today and it said, let me search,

1158
01:00:14.480 --> 01:00:17.599
and it searched for like thirty seconds. Google would have

1159
01:00:17.599 --> 01:00:20.280
given me five answered by now over there.

1160
01:00:20.360 --> 01:00:22.360
Yeah, but don't you wanted to compile like a good

1161
01:00:23.440 --> 01:00:25.280
sound data set or what.

1162
01:00:25.239 --> 01:00:27.760
I wanted to think about it? I wanted to know it.

1163
01:00:28.320 --> 01:00:29.880
Well that's the problem.

1164
01:00:30.360 --> 01:00:32.280
Yes it is, Yes, yes, you you.

1165
01:00:32.360 --> 01:00:34.519
Don't pay for the good one that I mean you

1166
01:00:34.519 --> 01:00:36.239
should see what it's able to do. I mean you

1167
01:00:36.280 --> 01:00:37.840
wait for you know, so like when I put it

1168
01:00:37.840 --> 01:00:40.079
in a request, I get it first come first serve

1169
01:00:40.679 --> 01:00:41.599
your freebies.

1170
01:00:41.840 --> 01:00:43.079
You have to wait to get it.

1171
01:00:43.119 --> 01:00:46.880
And if more people are using it, your free use

1172
01:00:47.280 --> 01:00:50.239
chat GBT corey that you just implied or that you

1173
01:00:50.320 --> 01:00:52.039
just asked it now it's gonna take.

1174
01:00:52.039 --> 01:00:54.119
It goes onto a wait list, just like a restaurant,

1175
01:00:54.280 --> 01:00:57.599
because these quarries cost a lot of energy, right, and

1176
01:00:57.639 --> 01:00:59.559
they're only going to give priority to the ones that

1177
01:00:59.599 --> 01:01:01.840
are paying. It's just like if we're going onto an airplane,

1178
01:01:01.880 --> 01:01:04.920
only one prompt question can get on the plane at once,

1179
01:01:05.400 --> 01:01:08.119
and it costs a lot of money each spot on

1180
01:01:08.159 --> 01:01:10.719
the plane, right, So you can only get one on

1181
01:01:10.760 --> 01:01:13.280
the plane at one time. Yours is less priority. So

1182
01:01:13.360 --> 01:01:15.639
you're in c group. Mine's in a group. Every time

1183
01:01:15.679 --> 01:01:17.199
I get one on front of the line, front of

1184
01:01:17.199 --> 01:01:19.760
the line, so mine will slow down your answer.

1185
01:01:20.239 --> 01:01:23.760
So what you're saying is I can walk up to

1186
01:01:23.800 --> 01:01:26.000
the Google window and get my soda, or I.

1187
01:01:25.920 --> 01:01:27.400
Can go because Google Spirit.

1188
01:01:27.599 --> 01:01:30.199
I can go to the DPT window and wait in line.

1189
01:01:30.039 --> 01:01:32.280
Right because Google Spirit, and so you don't have to

1190
01:01:32.280 --> 01:01:35.159
pay for it as much Google.

1191
01:01:35.159 --> 01:01:37.119
And it's the worst experience Google.

1192
01:01:36.880 --> 01:01:39.840
And I are till death, do I part. Oil was

1193
01:01:39.920 --> 01:01:42.000
up three bucks last week to sixty one dollars. Did

1194
01:01:42.079 --> 01:01:44.719
hit a four year low during the week, it did.

1195
01:01:45.039 --> 01:01:46.800
I mean, the gas price has got to be looking

1196
01:01:46.840 --> 01:01:49.840
good for everyone right now a little bit, but realistically,

1197
01:01:49.880 --> 01:01:52.920
I think they're artificially artificially low at this point.

1198
01:01:53.039 --> 01:01:54.760
I don't I didn't find it now. I don't buy

1199
01:01:54.840 --> 01:01:56.800
gas that often because I have a lot ric.

1200
01:01:57.639 --> 01:01:58.800
Oh you do, I haven't heard.

1201
01:01:59.039 --> 01:02:02.039
My wife wanted to me to fill your car with

1202
01:02:02.159 --> 01:02:04.719
gas the other day, and you know, it's such a

1203
01:02:04.719 --> 01:02:07.440
primitive thing. I drove over there and get this thing

1204
01:02:07.440 --> 01:02:08.800
out of it. You don't like the smell of it,

1205
01:02:10.719 --> 01:02:14.039
get on your hands, Oh my goodness, it's just it's

1206
01:02:14.079 --> 01:02:15.599
just such so yesterday.

1207
01:02:15.679 --> 01:02:18.360
You're such a prima donna with it.

1208
01:02:18.840 --> 01:02:21.199
But I know it's a premium for like three ninety

1209
01:02:21.679 --> 01:02:23.400
at qt. That that didn't seem.

1210
01:02:23.239 --> 01:02:25.280
Like, oh you take premium, that's crazy.

1211
01:02:25.320 --> 01:02:26.280
Ye yeah, take premium.

1212
01:02:26.559 --> 01:02:28.639
I put in to eighty, yeah, to eighty right now.

1213
01:02:29.800 --> 01:02:31.639
I want to go back real quick. Just I wanted

1214
01:02:31.639 --> 01:02:33.719
to actually get the real source. You guys were talking

1215
01:02:33.719 --> 01:02:36.639
about the energy costs that is associated with asking chat

1216
01:02:36.679 --> 01:02:40.119
GBT a question. Somebody asked Sam Altman, how much money

1217
01:02:40.159 --> 01:02:42.840
does it cost to tell chat gbt? Please and thank you?

1218
01:02:42.880 --> 01:02:45.519
How much energy are we wasting as consumers on this?

1219
01:02:46.039 --> 01:02:49.159
Tens of millions of dollars, is what Sam sam Altman said.

1220
01:02:49.280 --> 01:02:54.119
I'm saying, please answer this question for me, thank you.

1221
01:02:54.159 --> 01:02:55.760
But we've got to make this illegal.

1222
01:02:56.760 --> 01:02:59.000
It seems like, I mean, people, it's so funny because

1223
01:02:59.000 --> 01:03:01.519
every single time you ask something, even if it's an

1224
01:03:01.480 --> 01:03:05.639
irrelevant thing, costing a lot of energy and money.

1225
01:03:05.800 --> 01:03:08.360
So for any of you people just asking it dumb questions,

1226
01:03:08.360 --> 01:03:09.920
think about who you're hurting on the other side.

1227
01:03:10.000 --> 01:03:12.159
Well, when they used to talk about bitcoin mining, it's

1228
01:03:12.199 --> 01:03:14.159
like it's costing the world. It's like, yeah, think about

1229
01:03:14.199 --> 01:03:15.960
how many times like you asking it how to make

1230
01:03:16.079 --> 01:03:20.840
chicken off freight of burning the skies have fun.

1231
01:03:21.079 --> 01:03:24.760
Yeah, oh my goad. So just be be discriminating with

1232
01:03:24.840 --> 01:03:27.280
your questions or if you're going to go to Chad GPG.

1233
01:03:27.400 --> 01:03:30.480
Just think about how expensive each one of yours want

1234
01:03:30.480 --> 01:03:31.159
to ask you anything?

1235
01:03:31.400 --> 01:03:36.000
Are gold been down for two consecutive weeks, bounced back

1236
01:03:36.079 --> 01:03:38.440
up one hundred and ten dollars to thirty three thirty

1237
01:03:38.440 --> 01:03:39.239
five last week.

1238
01:03:39.760 --> 01:03:42.639
Interest rates rose. Yeah, rates are flattening though. We got

1239
01:03:42.679 --> 01:03:45.039
a little bit of a bear flattening going on.

1240
01:03:45.119 --> 01:03:47.199
Well, jumped up a teak are two year went from

1241
01:03:47.840 --> 01:03:50.199
three eighty three to three eighty eight to ten year

1242
01:03:50.280 --> 01:03:52.800
went from four thirty one to four thirty eight. So

1243
01:03:52.960 --> 01:03:55.079
interest rates are rising and mortgage rating.

1244
01:03:55.159 --> 01:03:57.320
But the mortgage rades didn't nothing. They stayed flat on

1245
01:03:57.360 --> 01:03:57.719
the week.

1246
01:03:57.760 --> 01:04:01.039
But hanging around seven right, six point seven six for

1247
01:04:01.119 --> 01:04:03.760
the twenty percent down. Good credit person right now for

1248
01:04:03.760 --> 01:04:04.400
the Freddie Meck.

1249
01:04:04.800 --> 01:04:06.840
I got a friend who's a mortgage banker and he

1250
01:04:06.920 --> 01:04:07.880
is not a happy boy.

1251
01:04:08.760 --> 01:04:10.880
I've heard that and a couple of them.

1252
01:04:11.039 --> 01:04:14.119
Boy, I talk about a busy week for GLP one.

1253
01:04:14.360 --> 01:04:16.280
GLP one is the weight loss drug.

1254
01:04:16.480 --> 01:04:17.639
Oh yeah, you should have.

1255
01:04:17.679 --> 01:04:20.079
Looked at a Novo chart. We was talking about me

1256
01:04:20.119 --> 01:04:22.840
and Sebastian. We're talking about this, how each one of

1257
01:04:22.880 --> 01:04:26.760
the days it looked like the schizophrenic dru it.

1258
01:04:26.760 --> 01:04:29.840
It's disgusting, Dave. It's like the gappiest chart that you

1259
01:04:30.039 --> 01:04:30.800
will ever see.

1260
01:04:31.119 --> 01:04:33.719
Well, how about Lily. Lily dropped eleven percent on the

1261
01:04:33.719 --> 01:04:36.159
week and Noble was down five percent. Well, Hyms and

1262
01:04:36.239 --> 01:04:40.599
Hers jumps twenty seven percent. Noble said they're going to

1263
01:04:40.679 --> 01:04:44.119
allow Hims and Hurst to sell well Govi on their site,

1264
01:04:44.760 --> 01:04:46.599
which is a which is a big which is a

1265
01:04:46.599 --> 01:04:50.239
big deal. Right, and that dropped. That sent Hims up

1266
01:04:50.239 --> 01:04:53.559
twenty five percent, Lily down ten percent. In addition, get this,

1267
01:04:53.880 --> 01:04:57.320
Hyms ain't a deal with CBS to make well Goovi

1268
01:04:57.519 --> 01:05:01.760
the preferred weight loss drug for CVS. Now, correct me

1269
01:05:01.800 --> 01:05:05.400
if I'm wrong. CBS isn't writing the prescription.

1270
01:05:06.400 --> 01:05:09.119
Writing no, no, CVS could be Now how could CBS

1271
01:05:09.119 --> 01:05:11.239
write The CBS could write you suppose if you go

1272
01:05:11.239 --> 01:05:14.159
into their minute counting, yeah, right, and CVS could just

1273
01:05:14.199 --> 01:05:17.719
the pharmacists out of Walgreens or CVS can write prescriptions

1274
01:05:17.760 --> 01:05:20.519
to birth control. Now there's plenty of drugs out there

1275
01:05:20.559 --> 01:05:21.599
that they're actually saying.

1276
01:05:22.000 --> 01:05:25.519
Pharmacists at CBS could write a prescription for g l

1277
01:05:25.599 --> 01:05:25.960
P one.

1278
01:05:26.079 --> 01:05:29.440
Yes, I think that's been the goal without without honor

1279
01:05:29.480 --> 01:05:30.760
become YEA interesting.

1280
01:05:30.800 --> 01:05:31.760
I did not know that.

1281
01:05:31.920 --> 01:05:34.239
And maybe maybe it's dependent on which company you're going to.

1282
01:05:34.280 --> 01:05:36.239
I don't know if Walgreen's yes, you could do it,

1283
01:05:36.480 --> 01:05:37.880
CBS if it's different.

1284
01:05:37.920 --> 01:05:40.800
But yeah, I mean the idea of those minute clinics.

1285
01:05:41.000 --> 01:05:43.960
Yeah, it seems like that's a great thing for Novo

1286
01:05:44.079 --> 01:05:46.239
and think it just can't get out of its own way.

1287
01:05:46.920 --> 01:05:51.199
No, that that, and that that they would. But it's interesting.

1288
01:05:51.280 --> 01:05:53.360
Is it a great thing for a noble or does

1289
01:05:53.400 --> 01:05:56.880
it tell you that the demand is not what they

1290
01:05:56.880 --> 01:05:58.440
thought it would be. I don't know.

1291
01:05:58.599 --> 01:06:01.320
I still don't think the man slowan for Yes, sure

1292
01:06:01.400 --> 01:06:03.119
is it slow in But are people still going to

1293
01:06:03.159 --> 01:06:06.119
be on this drug if you have started to take it?

1294
01:06:06.480 --> 01:06:08.679
I think so, well you have to be and I

1295
01:06:08.719 --> 01:06:10.440
mean you have to keep taking it or you're going

1296
01:06:10.519 --> 01:06:13.920
to gain all the weight back. Yeah. I mean that's

1297
01:06:13.920 --> 01:06:16.320
that's pretty factual.

1298
01:06:16.679 --> 01:06:19.519
And I don't think there's anything wrong with the business model.

1299
01:06:19.880 --> 01:06:23.480
But I think what's the like for hims it hurts?

1300
01:06:23.559 --> 01:06:25.599
Are they actually able to just produce it or are

1301
01:06:25.639 --> 01:06:28.119
they truly not going to have these generics.

1302
01:06:27.800 --> 01:06:29.920
Because they know how to produce it because they gave

1303
01:06:30.000 --> 01:06:30.760
them the formulas.

1304
01:06:30.880 --> 01:06:32.840
But are they're not really supposed to be allowed to

1305
01:06:33.159 --> 01:06:34.880
or are they just allowed to know what?

1306
01:06:35.320 --> 01:06:36.639
I thought they pulled it back.

1307
01:06:36.559 --> 01:06:39.679
The government said they can't, Okay, So.

1308
01:06:39.159 --> 01:06:41.360
They have to be eventually running out of inventory or

1309
01:06:41.360 --> 01:06:42.360
they're doing something illegal.

1310
01:06:42.480 --> 01:06:46.800
No or Noah's making it and shipping it to them, right.

1311
01:06:46.639 --> 01:06:49.280
And I mean, look at companies like McDonald's reporting one

1312
01:06:49.320 --> 01:06:52.400
of their worst earnings ever, same thing with PEPSI down

1313
01:06:52.440 --> 01:06:55.519
about sixteen percent on the year. Are we seeing a

1314
01:06:55.559 --> 01:06:58.480
lifestyle change? Not because of the GLP ones entirely, but

1315
01:06:58.719 --> 01:07:00.400
I think it has something to do with it.

1316
01:07:00.400 --> 01:07:05.000
It might have to the McDonald's reported their biggest drop

1317
01:07:05.000 --> 01:07:06.760
in same store sales since the pandemic.

1318
01:07:06.920 --> 01:07:08.719
Right, I do think it Also a problem with McDonald's

1319
01:07:08.719 --> 01:07:10.840
is they're no longer a cheap food source. If you're

1320
01:07:10.880 --> 01:07:13.239
going into a recession, you're no longer thinking I'm gonna

1321
01:07:13.239 --> 01:07:16.119
go to McDonald's for my food tonight. As a consumer staple.

1322
01:07:16.159 --> 01:07:19.239
It's no, it's more of a consumer discretionary now because

1323
01:07:19.280 --> 01:07:20.039
of the price.

1324
01:07:19.800 --> 01:07:22.159
People are doing instead of just going to McDonald's or

1325
01:07:22.199 --> 01:07:25.079
the fast food places they're actually going and saying for

1326
01:07:25.119 --> 01:07:27.159
what I'm paying there, I'm going to go to the

1327
01:07:27.199 --> 01:07:30.400
grocery store. Okay, I'm gonna get more food for the

1328
01:07:30.400 --> 01:07:33.079
money I'm spending. It just means that I have to

1329
01:07:33.119 --> 01:07:33.679
make it now.

1330
01:07:34.280 --> 01:07:37.760
And there's other cheap options. I mean, I think the

1331
01:07:37.800 --> 01:07:40.559
really smart people or places like salad to go where

1332
01:07:40.559 --> 01:07:43.760
they're making a six dollars salad or something. I mean,

1333
01:07:44.440 --> 01:07:45.840
it seems like it's possible.

1334
01:07:45.880 --> 01:07:47.679
Yeah, but people don't want to eat salads.

1335
01:07:47.679 --> 01:07:48.079
A lot of.

1336
01:07:48.000 --> 01:07:50.519
People, but to McDonald's a lot of them.

1337
01:07:50.880 --> 01:07:53.719
Look, why can't there be a fast food place that

1338
01:07:53.880 --> 01:07:54.719
was that thing?

1339
01:07:55.000 --> 01:07:57.679
So because if you think about it, how much is

1340
01:07:57.679 --> 01:07:59.960
it going to cost to actually get the real beef there?

1341
01:08:00.440 --> 01:08:02.320
I mean, you know, if you start dealing with like

1342
01:08:02.480 --> 01:08:05.519
just a plant and stuff like that, it might be.

1343
01:08:05.400 --> 01:08:07.239
Well, some people don't want real beef. They just want

1344
01:08:07.239 --> 01:08:09.119
to eat right, and so they're okay with.

1345
01:08:09.480 --> 01:08:11.159
Then they go to the store and they get beans

1346
01:08:11.199 --> 01:08:15.400
and the macaroni and and and and and grilled cheese

1347
01:08:15.480 --> 01:08:16.239
and things like that.

1348
01:08:16.399 --> 01:08:18.159
Don't even have the dollar stores anymore.

1349
01:08:18.279 --> 01:08:22.439
That's why Crafts been selling the one million dollars worth

1350
01:08:22.479 --> 01:08:25.439
of mac and cheese every day for the last seventy years.

1351
01:08:25.520 --> 01:08:28.680
Yeah, yeah, it fills them up. Yeah, it fills mac

1352
01:08:28.720 --> 01:08:29.760
and cheese, will fill them up.

1353
01:08:29.760 --> 01:08:32.479
You know what I mean at the prices. You know,

1354
01:08:32.159 --> 01:08:35.439
I get take out every night and I am absolutely

1355
01:08:35.520 --> 01:08:38.479
amazed at how much prices have gone up. Yeah, you're

1356
01:08:39.039 --> 01:08:42.279
routinely talking fourteen fifteen dollars for a standwich.

1357
01:08:41.880 --> 01:08:44.319
And now you're tipping for it too, And you have

1358
01:08:44.439 --> 01:08:45.479
to do, right.

1359
01:08:45.600 --> 01:08:48.000
I mean, yeah, you have to tip now on takeout.

1360
01:08:48.199 --> 01:08:49.000
It's unbelievable.

1361
01:08:49.239 --> 01:08:50.840
And that's not dude. You have to, but you feel

1362
01:08:50.880 --> 01:08:51.520
guilty if you.

1363
01:08:51.479 --> 01:08:52.920
Don't because they put it there.

1364
01:08:52.920 --> 01:08:55.800
It's just the tips right there. You don't have to

1365
01:08:55.800 --> 01:08:57.279
pay for, but the tips right there.

1366
01:08:57.720 --> 01:09:00.920
Yeah, I mean you have to find you round up

1367
01:09:01.239 --> 01:09:02.560
for the kids at the hospital.

1368
01:09:03.680 --> 01:09:04.640
Of course you have to.

1369
01:09:05.560 --> 01:09:05.600
You.

1370
01:09:06.359 --> 01:09:10.840
I gave you fifteen percent, Well most people are giving twenty.

1371
01:09:12.000 --> 01:09:15.399
I got to take out, yeah, take out his to me,

1372
01:09:15.520 --> 01:09:16.439
take out his ten.

1373
01:09:16.680 --> 01:09:18.239
And then here's the best you took go home and

1374
01:09:18.279 --> 01:09:19.079
it's the wrong order.

1375
01:09:19.399 --> 01:09:20.760
Oh yeah, oh yeah.

1376
01:09:21.039 --> 01:09:22.800
Are you giving back by twenty percent?

1377
01:09:22.960 --> 01:09:26.640
Oh yeah, oh no, absolutely, I've had that happen in

1378
01:09:26.680 --> 01:09:27.560
the restaurant business.

1379
01:09:27.760 --> 01:09:29.680
Understand the problems of restaurant business.

1380
01:09:30.079 --> 01:09:30.359
Glad.

1381
01:09:30.399 --> 01:09:32.720
I'm not really in the restaurant business right now.

1382
01:09:33.680 --> 01:09:36.159
It's got to say, oh, it's you know how it is?

1383
01:09:36.840 --> 01:09:39.680
Oh, no, you understand it. I mean, you understand you've had.

1384
01:09:40.039 --> 01:09:42.399
I enjoyed the people. I enjoyed the relationships. It's kind

1385
01:09:42.399 --> 01:09:45.560
of like this business, you know. That's what I enjoy, Uh,

1386
01:09:45.720 --> 01:09:49.680
those type businesses, the client relationship, the customer relationship. What

1387
01:09:49.760 --> 01:09:53.800
I don't like is it idiosyncrasies of having to deal

1388
01:09:54.159 --> 01:09:56.720
with entitled people that think they're doing you a favor

1389
01:09:56.760 --> 01:09:58.000
when you're giving them a paycheck.

1390
01:09:58.560 --> 01:10:01.439
Yeah you should. You said one time that the thing

1391
01:10:01.479 --> 01:10:05.279
that attracted you to the restaurant business was you could

1392
01:10:06.720 --> 01:10:08.479
every person left happy.

1393
01:10:09.119 --> 01:10:10.760
You can make it if you can't make it right,

1394
01:10:10.840 --> 01:10:14.479
if you knew what was going on, you can make

1395
01:10:14.520 --> 01:10:17.600
everyone happy because what's the worst thing that happened? Service

1396
01:10:17.680 --> 01:10:20.319
was bad, or that they didn't like the food, You

1397
01:10:20.479 --> 01:10:23.520
change it, you give them a different meal, or if

1398
01:10:23.520 --> 01:10:27.439
everything's bad, I'm really, really really sorry. Okay, here's a

1399
01:10:27.479 --> 01:10:31.119
gift certificate of a coming back another time. Oh okay,

1400
01:10:31.199 --> 01:10:33.880
so you know, if they're gonna leave and hate you

1401
01:10:33.960 --> 01:10:36.560
and do it then and never use it, then that's fine,

1402
01:10:37.119 --> 01:10:39.000
you know what I mean, take your stuff off the

1403
01:10:39.000 --> 01:10:40.680
bill right there. If they didn't like the food, that's

1404
01:10:40.680 --> 01:10:42.800
one thing. But the other stuff, you know, because a

1405
01:10:42.800 --> 01:10:45.600
lot of people kind of get things. Here's a gift certificate,

1406
01:10:45.720 --> 01:10:48.520
come on back next time, and you know, a hundred bucks,

1407
01:10:48.600 --> 01:10:50.359
hundred whatever it is. If it depends on how much

1408
01:10:50.399 --> 01:10:52.079
it was, and if they don't want to use it,

1409
01:10:52.079 --> 01:10:54.079
then that's fine. They weren't coming back anyway.

1410
01:10:54.479 --> 01:10:56.920
You know that stuff is meaningful and you're absolutely right

1411
01:10:57.199 --> 01:11:00.000
with With those kinds of things, you can you can

1412
01:11:00.079 --> 01:11:04.439
make somebody leave. Maybe they didn't enjoy the experience, but

1413
01:11:04.520 --> 01:11:07.279
you can make them leave happy and satisfied and that

1414
01:11:07.319 --> 01:11:07.800
they're gonna come.

1415
01:11:07.960 --> 01:11:10.399
But what I couldn't get across to the service was can't

1416
01:11:10.439 --> 01:11:13.119
you see that table there? It's not enjoying what they're eating.

1417
01:11:13.119 --> 01:11:15.880
There's a problem. Can't you see it? Look at your table,

1418
01:11:16.199 --> 01:11:18.359
get off your phone, stop talking to each other, and

1419
01:11:18.399 --> 01:11:19.520
pay attention to what you're doing.

1420
01:11:19.560 --> 01:11:21.399
People aren't personal enough, and they can.

1421
01:11:21.319 --> 01:11:22.399
Tell by the way they're doing it.

1422
01:11:22.880 --> 01:11:23.600
So what's wrong.

1423
01:11:23.880 --> 01:11:26.720
Oh it's not what they expected. It's okay, you know,

1424
01:11:26.880 --> 01:11:27.600
go from there.

1425
01:11:27.720 --> 01:11:29.880
Yeah, we'll be back right after this break with the

1426
01:11:29.920 --> 01:11:32.000
rest of the Money Matter Show. Thanks again for joining

1427
01:11:32.039 --> 01:11:33.359
this Welcome.

1428
01:11:33.000 --> 01:11:35.199
Back to the Money Matter Show. My name is Sebastian Borsini,

1429
01:11:35.560 --> 01:11:37.840
David Sherwood, Dean Greenberg, and Todd Glick Junr.

1430
01:11:38.000 --> 01:11:40.000
What do you see in this week, Sebastian, where the

1431
01:11:40.039 --> 01:11:40.680
markets headed?

1432
01:11:41.720 --> 01:11:43.640
I don't know. With the VIX that give or take

1433
01:11:43.680 --> 01:11:45.880
twenty two, I think it the VIX. The VIX is

1434
01:11:45.880 --> 01:11:49.319
about volatility index and it measures fear and greed.

1435
01:11:49.479 --> 01:11:51.079
I know something you would like to talk about.

1436
01:11:51.640 --> 01:11:53.399
Well, can I tell you what? I'm gonna go ahead?

1437
01:11:53.960 --> 01:11:55.159
What? No?

1438
01:11:55.279 --> 01:11:57.239
I think it sounded like you didn't have any ideas.

1439
01:11:56.920 --> 01:11:58.960
So you know, I think we don't know.

1440
01:11:59.039 --> 01:12:01.039
I think here with the VIX twenty two, we're probably

1441
01:12:01.039 --> 01:12:03.840
gonna see it jump back up to near thirty.

1442
01:12:04.199 --> 01:12:05.880
Where the market's gonna what's going to jump back to

1443
01:12:05.880 --> 01:12:07.960
toty the VIX and what will happen to the market

1444
01:12:08.039 --> 01:12:10.279
then go down? Okay, So you got to express this

1445
01:12:10.359 --> 01:12:10.760
to people?

1446
01:12:10.800 --> 01:12:12.640
Well, I'm trying, but I keep getting interrupted.

1447
01:12:12.880 --> 01:12:14.600
We'll bring you along, We'll bring you along.

1448
01:12:15.079 --> 01:12:16.439
I have a hard time. I have a hard time

1449
01:12:17.000 --> 01:12:21.520
seeing the market falling until the China trade deals put together,

1450
01:12:21.560 --> 01:12:22.520
I think that'll be the peak.

1451
01:12:22.680 --> 01:12:25.279
Okay, So you think we're gonna be buying this rumor

1452
01:12:25.520 --> 01:12:27.399
of the trade deal for the next couple of days

1453
01:12:27.399 --> 01:12:31.279
and potentially that break of event we sell.

1454
01:12:31.399 --> 01:12:33.600
I just I just think there's just too many people

1455
01:12:33.760 --> 01:12:38.359
nervous about scared of being out fo FMO if you're

1456
01:12:38.600 --> 01:12:39.159
missing out.

1457
01:12:39.279 --> 01:12:41.319
I think that if nothing happens with the trade deals

1458
01:12:41.359 --> 01:12:43.159
this weekend again, you see that vix jump and you

1459
01:12:43.159 --> 01:12:44.079
see the market go down.

1460
01:12:44.079 --> 01:12:45.720
I think you could see the market down on Monday

1461
01:12:45.840 --> 01:12:47.880
if nothing comes out of it, or if the news

1462
01:12:47.880 --> 01:12:50.800
out of which on Onndays is negative. Yes, there could

1463
01:12:50.840 --> 01:12:53.279
be some weakness, but I don't think there's gonna be

1464
01:12:53.359 --> 01:12:55.800
any kind of a We saw the market drop twenty

1465
01:12:55.840 --> 01:12:58.840
percent right when this whole tariff tantrum thing started. I

1466
01:12:58.840 --> 01:13:00.640
don't think I don't think we'll see that again.

1467
01:13:00.720 --> 01:13:00.960
Yeah.

1468
01:13:01.000 --> 01:13:03.359
So what we did back in April seventh, we bought

1469
01:13:03.359 --> 01:13:07.359
some QQQ and SPY, and then about thirteen percent later

1470
01:13:07.640 --> 01:13:10.319
we did sell that same lot. So we bought down

1471
01:13:10.359 --> 01:13:12.199
at the lows and as we came back up here,

1472
01:13:12.239 --> 01:13:15.239
we did sell, kind of putting on our version of protection,

1473
01:13:15.439 --> 01:13:18.960
not deciding against putting on any SDS. But if you

1474
01:13:19.000 --> 01:13:21.680
did buy down in those lows, potentially this is the time.

1475
01:13:22.000 --> 01:13:23.920
If you weren't wanting to sell, you think about some

1476
01:13:23.960 --> 01:13:25.119
protection at these levels.

1477
01:13:25.199 --> 01:13:28.039
You bring up a really good point, Todd. You do

1478
01:13:28.079 --> 01:13:31.319
not any longer need to sell. If you want to

1479
01:13:31.399 --> 01:13:36.680
become more defensive, it's far far easier and more sensible

1480
01:13:37.039 --> 01:13:40.399
simply to buy insurance. And the reason you do that

1481
01:13:40.600 --> 01:13:43.960
is because let's say the market had dropped twenty percent

1482
01:13:44.039 --> 01:13:46.640
and you decided, I need to buy some insurance. Now

1483
01:13:46.720 --> 01:13:50.039
it's come back almost the entire twenty percent. Anywhere along

1484
01:13:50.079 --> 01:13:51.760
there you could have sold the.

1485
01:13:51.720 --> 01:13:53.680
Insurance and bought back at a lower price.

1486
01:13:54.039 --> 01:13:54.600
It doesn't matter.

1487
01:13:54.640 --> 01:13:56.439
I mean, you don't have to sell your whole portfolio,

1488
01:13:56.880 --> 01:14:01.159
buy your whole portfolio back and one secure and you can.

1489
01:14:01.840 --> 01:14:03.680
You can do one time the s and P five

1490
01:14:03.760 --> 01:14:08.359
hundred to two times or three times or four times,

1491
01:14:08.960 --> 01:14:10.720
so depending on how good. So if you had a

1492
01:14:10.920 --> 01:14:14.399
one hundred thousand dollars portfolio and it was all in

1493
01:14:14.479 --> 01:14:17.000
stock and you said, boy, I'd like to have about

1494
01:14:17.039 --> 01:14:20.159
twenty five percent of that in cash, well go ahead

1495
01:14:20.199 --> 01:14:23.520
and put eight percent in the three times the SMP

1496
01:14:23.760 --> 01:14:26.279
down and you've just done that. You've just done that

1497
01:14:26.319 --> 01:14:29.720
with one security. Then if you change your mind or

1498
01:14:29.760 --> 01:14:33.319
if things start to improve, sell that one security, right.

1499
01:14:33.279 --> 01:14:35.359
Rather than trying to get in and out of the market.

1500
01:14:35.439 --> 01:14:36.399
You jump out out.

1501
01:14:36.239 --> 01:14:38.800
Of eight, ten, twelve securities, fifteen, whatever it is.

1502
01:14:38.800 --> 01:14:40.560
You jump out of the market. It runs away from

1503
01:14:40.600 --> 01:14:42.359
you up ten percent and you never get back in.

1504
01:14:42.640 --> 01:14:43.479
It's so difficult.

1505
01:14:43.640 --> 01:14:49.159
Yeah, you're mitigating your volatility. Day invested the ups and

1506
01:14:49.199 --> 01:14:50.640
downs that you think they invested.

1507
01:14:50.680 --> 01:14:53.119
If you're nervous, turn off the TV.

1508
01:14:53.439 --> 01:14:56.039
Cool thing about the strategy is if you're in a

1509
01:14:56.159 --> 01:15:00.279
taxable account and it goes you know, it does go down,

1510
01:15:00.319 --> 01:15:03.079
Sure you protected yourself. You're happy, you look like a genius.

1511
01:15:03.159 --> 01:15:05.119
If it goes against you and it goes up, you're

1512
01:15:05.119 --> 01:15:07.880
gonna lose on your insurance. But you can sell out

1513
01:15:07.920 --> 01:15:11.600
of that at eventual even for a loss, and those

1514
01:15:11.640 --> 01:15:14.520
losses will go against your gates, right, and so yeah,

1515
01:15:14.560 --> 01:15:17.239
you won't make as much. But then when you sell

1516
01:15:17.279 --> 01:15:21.119
your gains at hopefully at high's right, you do eventually

1517
01:15:21.159 --> 01:15:23.199
you eventually should take some chips off the table at

1518
01:15:23.199 --> 01:15:26.279
some points, not everything, but you can trim at certain points.

1519
01:15:26.880 --> 01:15:29.119
That's where those when you book, those gains can get

1520
01:15:29.159 --> 01:15:31.359
offset with those losses you book through your protection.

1521
01:15:31.720 --> 01:15:34.079
I do everything I can to keep people from selling

1522
01:15:34.119 --> 01:15:37.479
because it's just so much easier to buy the insurance.

1523
01:15:37.520 --> 01:15:39.840
Well, you're right, getting back in is a very hard thing.

1524
01:15:39.840 --> 01:15:41.920
We talk about all the time is when do you

1525
01:15:42.319 --> 01:15:44.039
And most of the time, even if you do get

1526
01:15:44.039 --> 01:15:45.920
back in, you're gonna make fifty percent of what you

1527
01:15:45.960 --> 01:15:47.520
took out in at that one point.

1528
01:15:47.520 --> 01:15:49.439
You're not gonna go all in all you.

1529
01:15:49.399 --> 01:15:52.359
Know, you're not taking all out and all in on

1530
01:15:52.359 --> 01:15:53.279
two different trade events.

1531
01:15:53.319 --> 01:15:55.239
Well, it's a whole lot easier Todd just say I

1532
01:15:55.239 --> 01:15:58.079
don't need the insurance anymore than it is to say, yeah, get.

1533
01:15:57.920 --> 01:16:01.399
Me back Yes that emotionally.

1534
01:16:01.000 --> 01:16:04.560
Emotionally, it's a much easier decision. I was gonna Sebastian

1535
01:16:04.760 --> 01:16:06.359
was going to give you an out there because I

1536
01:16:06.399 --> 01:16:07.960
know one thing you do want to talk about this

1537
01:16:08.039 --> 01:16:09.199
week was used.

1538
01:16:09.039 --> 01:16:10.359
Cars, Yeah, Carvana.

1539
01:16:10.439 --> 01:16:12.800
There was a lot of news in the used car space.

1540
01:16:12.920 --> 01:16:16.000
Yeah Carvana, I mean used car markets. We talked a

1541
01:16:16.000 --> 01:16:17.760
little bit about in the show a couple of weeks back,

1542
01:16:17.760 --> 01:16:19.720
a couple months back, that it would start to heat

1543
01:16:19.800 --> 01:16:21.720
up just because of the auto tariffs that are going

1544
01:16:21.720 --> 01:16:24.640
to be put on new cars. That's you know, Carvana

1545
01:16:24.720 --> 01:16:28.000
had seen a price jump within their used car sales market,

1546
01:16:28.439 --> 01:16:30.840
and they reported the best earnings that they've had ever.

1547
01:16:31.279 --> 01:16:35.880
Yeah, and then the used car market. Mayheim, which is

1548
01:16:35.960 --> 01:16:40.359
a used vehicle value indicator, reported that vehicle pricing jumped

1549
01:16:40.439 --> 01:16:43.960
last month to the highest level used car vehicles to

1550
01:16:44.000 --> 01:16:47.159
the highest level since October of twenty three. And again

1551
01:16:47.239 --> 01:16:50.960
this consumers rushing to buy amid fears of pricing.

1552
01:16:50.640 --> 01:16:53.520
Cre And again Carvana just perfectly positioned for its after

1553
01:16:53.560 --> 01:16:57.439
buying that auction Adisa, because again that makes them vertically integrated.

1554
01:16:57.760 --> 01:17:01.399
The one that I continue to scratch hit about his CarMax.

1555
01:17:01.479 --> 01:17:03.600
It took a twenty percent hit on Ernie's and it's

1556
01:17:03.640 --> 01:17:05.319
not bounced back. It's just kind of sitting there.

1557
01:17:05.920 --> 01:17:06.479
CarMax.

1558
01:17:06.640 --> 01:17:09.319
Yeah, you would think CarMax would would be a ganga.

1559
01:17:09.359 --> 01:17:10.960
What do they and do they just sell used cars?

1560
01:17:11.079 --> 01:17:13.600
You don't know Carmack. No, you've never heard of car

1561
01:17:13.640 --> 01:17:16.159
I've heard car Max. I don't know exactly they fail

1562
01:17:16.239 --> 01:17:16.720
used cars.

1563
01:17:16.800 --> 01:17:19.640
Yeah, I mean I think Carvan is just destroying them.

1564
01:17:19.960 --> 01:17:23.960
That apparently carbon is doing a lot better.

1565
01:17:23.760 --> 01:17:27.600
But it sounds like yeah, right, so it's todd do

1566
01:17:27.600 --> 01:17:30.000
you something you look like you're I mean yeah, used

1567
01:17:30.039 --> 01:17:31.920
cars is crazy though, the used car marker is doing

1568
01:17:31.960 --> 01:17:33.880
and then and it's kind of funny this whole thing

1569
01:17:33.920 --> 01:17:35.119
with cars in general.

1570
01:17:35.199 --> 01:17:38.600
It's like Ford, who's predominantly a US company, but they're

1571
01:17:38.600 --> 01:17:41.800
still having huge issues with tariffs because they have a

1572
01:17:41.840 --> 01:17:43.800
lot of factors around the world. And we found that out.

1573
01:17:43.800 --> 01:17:45.600
I mean even with FSLR. I was just saying that's

1574
01:17:45.640 --> 01:17:48.920
the most domestic solar panel company, which it is, and

1575
01:17:49.000 --> 01:17:51.439
even the CEO came out a week ago saying it

1576
01:17:51.479 --> 01:17:53.800
was unexpectedly hit US these terrorists because we have only

1577
01:17:53.840 --> 01:17:57.319
three factories outside the country, but they got hit. So

1578
01:17:57.359 --> 01:17:59.760
it's like the terriffs do hit everything, regardless how much

1579
01:17:59.800 --> 01:18:03.359
you are domestically made. Right now, the idea is you

1580
01:18:03.439 --> 01:18:05.640
got to shifted into making more here, and that's what

1581
01:18:06.039 --> 01:18:08.960
ultimately administration wants. But it hits it a lot with cars,

1582
01:18:08.960 --> 01:18:12.079
and that's why this used car world is going crazy again.

1583
01:18:12.520 --> 01:18:15.000
That seems like a kind of an unequal playing field

1584
01:18:15.039 --> 01:18:18.039
that or maybe maybe a level playing field where everybody's

1585
01:18:18.039 --> 01:18:22.520
getting beat up the same, no better, whether you're Tesla.

1586
01:18:21.960 --> 01:18:23.680
Want to go back real quick, and I think again,

1587
01:18:23.920 --> 01:18:27.119
Carvana is perfectly positioned for this just because it's used. Yes,

1588
01:18:27.159 --> 01:18:29.079
the used car market is hot right now, but if

1589
01:18:29.119 --> 01:18:31.359
you look at the used car dealership numbers, they're not

1590
01:18:31.680 --> 01:18:35.000
They're not as hot. It's Carvana that's hot. Why because again,

1591
01:18:35.039 --> 01:18:37.319
they're vertically integrated in the sense that they could buy

1592
01:18:37.479 --> 01:18:40.520
They bought the auction, they owned the they already owned

1593
01:18:40.520 --> 01:18:43.119
the car. Now they cut out all the fees when

1594
01:18:43.159 --> 01:18:45.159
you actually just go on the website and buy it.

1595
01:18:45.399 --> 01:18:47.039
Now do you do? They deliver the cars.

1596
01:18:47.079 --> 01:18:48.479
They deliver the cars straight through doors.

1597
01:18:48.560 --> 01:18:50.159
That the only way you buy it is you go

1598
01:18:50.239 --> 01:18:51.920
online and buy it and they deliver it to your.

1599
01:18:51.840 --> 01:18:53.720
Hard You could probably get it in person.

1600
01:18:53.800 --> 01:18:54.720
They are like Phoenix.

1601
01:18:55.319 --> 01:18:57.039
They have like Phoenix, they have the big they have

1602
01:18:57.079 --> 01:18:59.399
a huge warehouse and the bending machine thing. They have

1603
01:18:59.439 --> 01:19:00.319
a huge one there.

1604
01:19:00.479 --> 01:19:03.880
But any machine thing still there? Yeah, right near your

1605
01:19:03.880 --> 01:19:04.680
old house right then?

1606
01:19:04.800 --> 01:19:06.800
Yeah, so you can probably do it. But you see

1607
01:19:06.840 --> 01:19:08.680
more Carvana flatbeds running around.

1608
01:19:08.840 --> 01:19:11.399
Ernie Garcia had a two soon. Good for him. Keep going.

1609
01:19:11.640 --> 01:19:14.159
Yeah, you know, it's interesting because I don't see any carvans.

1610
01:19:14.840 --> 01:19:16.279
I saw one the other day and I was like, oh,

1611
01:19:16.319 --> 01:19:19.520
that's a Carvana the thing. I maybe have seen two

1612
01:19:19.560 --> 01:19:22.600
in my life. So it's not like they're all over town. Yeah.

1613
01:19:22.720 --> 01:19:24.640
I mean, don't forget this company was on the edge

1614
01:19:24.640 --> 01:19:25.399
of bankruptcy.

1615
01:19:27.680 --> 01:19:29.239
Four dollars yeah, like.

1616
01:19:29.359 --> 01:19:31.319
What two dollars? Yeah, I mean maybe that's exaggerated a lot.

1617
01:19:31.680 --> 01:19:34.640
It went under ten dollars now three. Yeah, if it

1618
01:19:34.680 --> 01:19:38.279
went from three to fifty to four to three.

1619
01:19:37.840 --> 01:19:39.399
And no matter what hell you want to look in

1620
01:19:39.399 --> 01:19:41.680
the world, I mean, this is a the butterfly's going

1621
01:19:41.720 --> 01:19:44.880
to affect everything, the butterfly flexed and a globally connected world.

1622
01:19:45.119 --> 01:19:49.520
I mean, how impact each company's going to feel from

1623
01:19:49.560 --> 01:19:52.520
these tariffs. I mean that's going to be dependent. Meta

1624
01:19:52.640 --> 01:19:55.439
for example, we thought they were going to be really impacted,

1625
01:19:55.520 --> 01:19:59.079
but right now, how much are they really going to

1626
01:19:59.079 --> 01:20:01.439
be other than TIMU. I mean it seems like people

1627
01:20:01.479 --> 01:20:05.039
who are buying their ads. How's that gonna change anything

1628
01:20:05.079 --> 01:20:07.800
too much? So, I mean I think it's gonna depend

1629
01:20:07.840 --> 01:20:11.640
on industries, It's gonna depend on models. We've already heard

1630
01:20:11.640 --> 01:20:14.319
that from a lot of CEOs. Some say that it's

1631
01:20:14.319 --> 01:20:15.399
not gonna have any impact.

1632
01:20:15.880 --> 01:20:16.159
Lift.

1633
01:20:16.279 --> 01:20:18.800
I thought was really interesting that they didn't see any

1634
01:20:18.840 --> 01:20:21.520
impact from the ground level, right.

1635
01:20:21.600 --> 01:20:23.600
You know, you got these tech companies they're going into

1636
01:20:23.760 --> 01:20:25.720
like do you see what Google's doing because of this

1637
01:20:25.800 --> 01:20:28.279
huge AI boom, all the power that's gonna take, they're

1638
01:20:28.279 --> 01:20:30.279
gonna need to build electrical grids and all of.

1639
01:20:30.239 --> 01:20:31.159
That in the nuclear and all.

1640
01:20:31.359 --> 01:20:35.039
They're creating hundred thirty thousand jobs where they're gonna train

1641
01:20:35.079 --> 01:20:37.399
one hundred thousand electricians to work with the new grid

1642
01:20:37.399 --> 01:20:39.880
and build it and everything through the next few years

1643
01:20:39.960 --> 01:20:40.760
or however long.

1644
01:20:40.920 --> 01:20:43.520
Another great thing that was happening was the Trump executive

1645
01:20:43.640 --> 01:20:46.479
orders that he's well, Trump's thinking about creating some executive

1646
01:20:46.560 --> 01:20:51.000
orders to help promote the production of nuclear plants and help,

1647
01:20:51.359 --> 01:20:53.159
you know, clear up all the red tape that has

1648
01:20:53.199 --> 01:20:56.520
been put out and really hurt that industry.

1649
01:20:56.640 --> 01:20:58.800
One back real quick, why would autotear or why would

1650
01:20:58.800 --> 01:21:01.560
tariffs impact lift.

1651
01:21:02.159 --> 01:21:04.000
From a consumer standpoint.

1652
01:21:03.479 --> 01:21:06.560
It just from thinking about consumer.

1653
01:21:06.079 --> 01:21:09.399
Confidence, amer standpoint. You literally have the lowest consumer confidence

1654
01:21:09.399 --> 01:21:11.079
in how long day? Twenty years?

1655
01:21:11.159 --> 01:21:13.720
Yeah, twenty eleven. I think this is I.

1656
01:21:13.640 --> 01:21:15.960
Thought you were framing under the sense of prices for them,

1657
01:21:16.319 --> 01:21:16.680
I get it.

1658
01:21:16.920 --> 01:21:20.840
I think just not wanting to spend Yeah, well, walkers

1659
01:21:20.840 --> 01:21:23.760
to take a lift on the strike to get a

1660
01:21:23.800 --> 01:21:28.920
lift right. The uh. The one company that that is

1661
01:21:28.960 --> 01:21:31.600
not being bothered by the tariffs is Dutch Brothers or

1662
01:21:31.680 --> 01:21:34.239
Dutch Bros. I keep wanting to say Dutch Brothers. It's

1663
01:21:34.239 --> 01:21:38.760
not Dutch Brothers, it's Dutch Bros. Up fifteen percent this year,

1664
01:21:38.920 --> 01:21:42.479
so it'step been doing well. Jumped another seven percent on Thursday.

1665
01:21:42.479 --> 01:21:46.479
They reported a solid quarter and solid guidance. I'm thinking

1666
01:21:46.520 --> 01:21:50.079
their coffee has to be imported, isn't it.

1667
01:21:50.520 --> 01:21:52.319
What do you think about Starbucks now? I mean that

1668
01:21:52.359 --> 01:21:56.399
stuck's been getting hammered, just hammered down eighty dollars a share,

1669
01:21:56.479 --> 01:21:58.159
down twelve percent, down twelve percent.

1670
01:21:58.199 --> 01:21:58.640
You're to date.

1671
01:21:58.760 --> 01:22:01.840
I saw an interesting thing last week where the CEO

1672
01:22:02.199 --> 01:22:06.800
of Panera came out and said that Nichols is on

1673
01:22:06.840 --> 01:22:10.359
the right path with Starbucks. He's doing everything right, be patient.

1674
01:22:11.079 --> 01:22:12.079
I thought that was interesting.

1675
01:22:12.119 --> 01:22:15.600
I saw the first commercial for Starbucks where it was saying, hey,

1676
01:22:15.680 --> 01:22:18.239
come have a cup and you have it in the

1677
01:22:18.279 --> 01:22:19.680
house in are you hanging out?

1678
01:22:19.680 --> 01:22:20.680
You'll get a free refill.

1679
01:22:21.239 --> 01:22:23.000
They talked about that right when he got hired, and

1680
01:22:23.000 --> 01:22:25.000
then they finally were implementing it. So it'll be interesting

1681
01:22:25.039 --> 01:22:28.079
to see if that will increase traffic because they were

1682
01:22:28.079 --> 01:22:30.840
going towards the Dutch Bros. Model, whereas in and outs

1683
01:22:30.840 --> 01:22:33.159
you don't even have an inside, and now Nichols is

1684
01:22:33.159 --> 01:22:34.960
bringing it back to what it was before, kind of

1685
01:22:35.119 --> 01:22:37.079
doing the nosalgic version of Starbucks.

1686
01:22:37.199 --> 01:22:38.000
So see if it works.

1687
01:22:38.039 --> 01:22:39.520
I mean, do you think China has anything to do

1688
01:22:39.560 --> 01:22:39.680
with it?

1689
01:22:39.760 --> 01:22:40.159
Absolute?

1690
01:22:42.039 --> 01:22:43.840
I want to refrain from just blaming it all in

1691
01:22:43.920 --> 01:22:46.880
China with Starbucks all the time, like it seems like

1692
01:22:47.000 --> 01:22:50.159
again going back to the GLP one conversation, I was

1693
01:22:50.159 --> 01:22:53.000
reading a report that people are ordering smaller sizes now.

1694
01:22:53.039 --> 01:22:57.039
People are ordering less through their rewards points. That's how

1695
01:22:57.079 --> 01:22:57.680
they track it.

1696
01:22:58.479 --> 01:23:00.600
Well, I will say too, Starbucks is like got him

1697
01:23:00.640 --> 01:23:03.239
big to the point where the coffee is knowingly worse

1698
01:23:03.279 --> 01:23:05.720
than local and people have found a note Like I

1699
01:23:05.720 --> 01:23:08.119
don't know if it's just subjective, like what I've just seen,

1700
01:23:08.319 --> 01:23:11.159
people want local coffee more than Starbucks.

1701
01:23:11.359 --> 01:23:12.199
It's also convenience.

1702
01:23:12.600 --> 01:23:12.840
I think.

1703
01:23:12.880 --> 01:23:15.359
I think there's something about food though, like we've had

1704
01:23:15.399 --> 01:23:19.840
an awakening as just a American populace. We don't want

1705
01:23:19.880 --> 01:23:22.800
to eat the same bad foods because we've kind of

1706
01:23:23.039 --> 01:23:26.960
been understanding of like how bad that is? The RFK effect,

1707
01:23:27.600 --> 01:23:30.720
right of sugar is bad for you? All these things

1708
01:23:30.760 --> 01:23:33.000
that the weird red forties and you don't even know

1709
01:23:33.039 --> 01:23:35.800
how to pronounce the ingredients when you look at the list.

1710
01:23:36.640 --> 01:23:39.720
All that stuff is starting to make people say, maybe

1711
01:23:39.720 --> 01:23:42.039
I'm not going to have the Hershey bar and have

1712
01:23:42.319 --> 01:23:45.359
the organic chocolate bar. That makes me feel better. Might

1713
01:23:45.479 --> 01:23:48.399
not even be better for but it makes me feel better.

1714
01:23:48.520 --> 01:23:51.479
The other thing is bad for you, Gordon elp One.

1715
01:23:51.600 --> 01:23:54.439
So then we'll be back with the last segment of

1716
01:23:54.479 --> 01:23:56.199
The Moneymatic Shore right after this break.

1717
01:23:58.199 --> 01:24:00.840
Welcome back to the Money Matter Show. Name is Todd Click.

1718
01:24:00.880 --> 01:24:05.600
I'm here with David Sherwood, Sebastian Borsini, Dean Greenberg.

1719
01:24:05.399 --> 01:24:06.439
And Dylan Greenberg.

1720
01:24:06.680 --> 01:24:09.119
All we would like to do because it is Sunday

1721
01:24:09.479 --> 01:24:12.600
and it is Mother's Day. Is mother Happy Mother's Day.

1722
01:24:12.800 --> 01:24:15.399
It's all the mother's out there. We appreciate you. They

1723
01:24:15.439 --> 01:24:18.960
have the hardest role in the entire universe because without you,

1724
01:24:19.640 --> 01:24:20.600
none of us would be here.

1725
01:24:20.800 --> 01:24:23.479
Yeah, if man had babies, none of us would be here.

1726
01:24:25.239 --> 01:24:25.760
I don't think.

1727
01:24:25.840 --> 01:24:30.600
Yeah, I was leaving church one one Mother's Day and

1728
01:24:31.439 --> 01:24:33.319
guy with a good sense of humor walked out and

1729
01:24:33.359 --> 01:24:35.520
I said, oh, Mike, I hope you have a good

1730
01:24:35.520 --> 01:24:39.439
Mother's Day, and he goes, we better. There you go.

1731
01:24:40.399 --> 01:24:41.520
The pressure is on, right, Jean.

1732
01:24:41.760 --> 01:24:42.840
It's like what day does the land?

1733
01:24:43.199 --> 01:24:43.399
You know?

1734
01:24:43.720 --> 01:24:49.159
Mother's Day's h is probably the best holiday out there

1735
01:24:49.159 --> 01:24:53.520
if you think about it, veteran Thanksgiving. It's because it's

1736
01:24:53.520 --> 01:24:55.680
the one day that you're giving back to the person that.

1737
01:24:55.680 --> 01:24:59.319
Gave you everything. Okay, okay, Mother's Day?

1738
01:24:59.359 --> 01:25:02.960
You know, we do you know a game? I mean

1739
01:25:03.359 --> 01:25:05.239
used to go to the you know, baseball game with

1740
01:25:05.279 --> 01:25:08.359
my father's and stuff like that. Mom, you're always doing

1741
01:25:08.399 --> 01:25:11.439
something nice. Yeah, this flowers involved.

1742
01:25:12.399 --> 01:25:14.359
You're gonna spend money. You're gonna spend money money.

1743
01:25:14.359 --> 01:25:17.079
There's a brunch involved, which used to be twelve dollars

1744
01:25:17.560 --> 01:25:21.239
that was what one hundred dollars? Yeah, for the same

1745
01:25:21.319 --> 01:25:25.079
damn food. But I mean think about it. Moms are

1746
01:25:25.079 --> 01:25:27.760
the ones that that kind of shape us for the

1747
01:25:27.800 --> 01:25:30.479
most part, the the ones when you're not feeling good,

1748
01:25:30.760 --> 01:25:32.960
when you're down, when you're there that they you know,

1749
01:25:33.199 --> 01:25:35.399
well this's my experience. Anyway, they cut they they're there

1750
01:25:35.439 --> 01:25:37.760
for you. My mom was a nurse for forty years.

1751
01:25:38.119 --> 01:25:39.800
She was always there for me, you know.

1752
01:25:40.239 --> 01:25:44.560
So you're very You're very uh what's the word. I

1753
01:25:44.560 --> 01:25:47.640
want to say, You're very fortunate in that you had

1754
01:25:47.760 --> 01:25:51.800
a mother who was extraordinary. And I'm not saying my

1755
01:25:51.840 --> 01:25:56.039
mother wasn't, but I have I don't know that I've

1756
01:25:56.079 --> 01:26:02.800
ever met a woman that had the compassion and the

1757
01:26:03.439 --> 01:26:05.439
just the level head that your mother had.

1758
01:26:06.279 --> 01:26:08.560
Just she was there to help everyone. Yeah, that's why

1759
01:26:08.560 --> 01:26:11.079
it was good she was. I remember growing up, my

1760
01:26:11.199 --> 01:26:13.720
friends would come over the house. I would go to sleep,

1761
01:26:13.760 --> 01:26:15.680
like twelve one. She would stay up to two three

1762
01:26:15.680 --> 01:26:18.560
in the morning, talking to them about things their parents

1763
01:26:18.560 --> 01:26:22.720
wouldn't talk about, things that you know, you talk about

1764
01:26:22.760 --> 01:26:25.239
as a teenage boy. So it's kind of it was

1765
01:26:25.319 --> 01:26:25.920
kind of good. Now.

1766
01:26:25.920 --> 01:26:27.000
She was a very special lady.

1767
01:26:27.039 --> 01:26:29.920
And I know my as a grandmother, my kids loved.

1768
01:26:30.319 --> 01:26:32.199
She was a great grandma. Was the one thing you

1769
01:26:32.239 --> 01:26:35.399
remember of us going to double Features.

1770
01:26:38.119 --> 01:26:40.119
Yeah, her own candy like Zi blocked bags and we

1771
01:26:40.159 --> 01:26:41.560
go sit at the movies for nine hours.

1772
01:26:41.800 --> 01:26:44.239
It's amazing. And then playing games too while Grandpa watched

1773
01:26:44.239 --> 01:26:44.560
the TV.

1774
01:26:45.640 --> 01:26:47.880
Thing I'll never forget about my mother is that when

1775
01:26:47.920 --> 01:26:52.720
I was in college, the first first year my dad

1776
01:26:52.760 --> 01:26:54.560
said he would pay for half if I would pay

1777
01:26:54.600 --> 01:26:59.640
for half. And it didn't work out well for me academically,

1778
01:26:59.680 --> 01:27:05.000
and I dropped out to become a plumber. Fortunately, I

1779
01:27:05.039 --> 01:27:06.960
won South Dakota Winter as a plumber, and I was

1780
01:27:07.000 --> 01:27:09.239
back in college and finished up byself. But I had

1781
01:27:09.279 --> 01:27:12.039
pretty much at that point bendswing by my father. My

1782
01:27:12.119 --> 01:27:15.239
mother would take ten dollars out of the grocery budget

1783
01:27:15.279 --> 01:27:17.520
that he would give her and send it to me

1784
01:27:17.560 --> 01:27:20.800
in college, so because she knew I had nothing. I'll

1785
01:27:20.840 --> 01:27:22.000
always remember that my.

1786
01:27:21.960 --> 01:27:25.399
Mom is super sweet, and she's a very small lady,

1787
01:27:25.800 --> 01:27:27.840
and she's always I mean, she's always very nice and

1788
01:27:27.840 --> 01:27:29.600
everything like that. And like I was, I was a kid.

1789
01:27:29.680 --> 01:27:31.760
I think I was like seventeen, and I was kind

1790
01:27:31.760 --> 01:27:35.840
of I was acting up, and I remember saying something

1791
01:27:35.920 --> 01:27:36.720
like I didn't know she was there.

1792
01:27:36.720 --> 01:27:38.119
I thought of something else, and she yelled.

1793
01:27:38.199 --> 01:27:39.800
I was like, I got him, mom, and she I

1794
01:27:39.880 --> 01:27:42.000
yelled and she just stares at me, and all of

1795
01:27:42.039 --> 01:27:44.199
a sudden, this little lady just became huge and she

1796
01:27:44.319 --> 01:27:46.359
threw a chair at me, like on the ground in

1797
01:27:46.359 --> 01:27:46.720
front of me.

1798
01:27:46.760 --> 01:27:48.239
She didn't throw it at me, but she threw a chair.

1799
01:27:48.279 --> 01:27:48.920
I was like night.

1800
01:27:49.239 --> 01:27:50.720
For one, I didn't know you could pick it off,

1801
01:27:50.880 --> 01:27:52.520
and two I didn't know you could get this Matt

1802
01:27:52.560 --> 01:27:54.159
and I. From there, I was like, all right, so

1803
01:27:54.439 --> 01:27:56.520
this little like nice sweet lady has a big fire

1804
01:27:56.560 --> 01:27:59.640
behind her. Yeah, I was like, I never want to

1805
01:27:59.640 --> 01:28:01.000
see this again. I messed up.

1806
01:28:02.279 --> 01:28:03.680
Yeah I do, I ever want to see this again?

1807
01:28:03.760 --> 01:28:03.960
Right?

1808
01:28:04.119 --> 01:28:04.439
Yeah?

1809
01:28:04.479 --> 01:28:06.079
But overall, yeah, I know. Me and my mom have

1810
01:28:06.079 --> 01:28:06.640
a great relation.

1811
01:28:06.760 --> 01:28:09.640
I have a daughter, I have a daughter with two

1812
01:28:09.680 --> 01:28:13.640
grand two and I have two grandkids. And my daughter is,

1813
01:28:13.680 --> 01:28:18.199
in my mind, an extraordinary young woman, and she would

1814
01:28:18.239 --> 01:28:21.720
not be that without my wife. So I thank her

1815
01:28:21.720 --> 01:28:24.159
for that. That's good stuff.

1816
01:28:24.680 --> 01:28:26.239
My mom's an incredible person.

1817
01:28:26.560 --> 01:28:29.520
I mean, she works harder than anyone I know right now,

1818
01:28:29.960 --> 01:28:33.119
and I'm very proud to call her my mom, my nana.

1819
01:28:33.199 --> 01:28:34.920
I'm just super proud of both of them.

1820
01:28:34.960 --> 01:28:37.359
Came and supported me in Boston, been supporting me on

1821
01:28:37.399 --> 01:28:40.560
all my marathons throughout the country. It's been really cool

1822
01:28:40.640 --> 01:28:42.880
to be able to share those experiences with them and

1823
01:28:43.840 --> 01:28:45.800
have them their support throughout all of it.

1824
01:28:46.880 --> 01:28:48.960
How about Seabath, you got something say about your mom?

1825
01:28:49.000 --> 01:28:52.159
I do for the us, for you guys that don't

1826
01:28:52.199 --> 01:28:56.640
know My parents are immigrants from Mexico and my dad

1827
01:28:56.640 --> 01:28:58.399
passed away when I was younger. My mom had the

1828
01:28:58.439 --> 01:29:01.800
opportunity to go back home in Mexico. I would not

1829
01:29:01.880 --> 01:29:04.479
be in this position at Greenbrik Financial or doing what

1830
01:29:04.520 --> 01:29:06.039
I'm doing without her doing that.

1831
01:29:06.399 --> 01:29:11.840
Yeah, so she stayed and the rest is history. Right.

1832
01:29:11.920 --> 01:29:14.479
So we wish all the mothers out there happy Mother's Day,

1833
01:29:14.960 --> 01:29:16.239
and it better be right.

1834
01:29:16.640 --> 01:29:18.720
And the next time, you know, I think that your mom,

1835
01:29:19.279 --> 01:29:21.279
you know, you're pissed off of your mom or do stuff.

1836
01:29:21.319 --> 01:29:25.000
It's like, you know, I think twice, Okay, because at

1837
01:29:25.000 --> 01:29:28.560
the end of the day, ninety percent of moms are

1838
01:29:28.640 --> 01:29:32.159
fantastic and great and they're there and they support you.

1839
01:29:32.279 --> 01:29:34.600
And I see that in the coaching that Dylan and

1840
01:29:34.680 --> 01:29:38.079
I do it down to Tucson, Hi. The well, the

1841
01:29:38.199 --> 01:29:41.680
dads are supportive, but the bombs are the supportive once. Yeah,

1842
01:29:41.880 --> 01:29:42.399
you know what I mean.

1843
01:29:42.640 --> 01:29:44.680
The moms are always the more just They're there no

1844
01:29:44.800 --> 01:29:48.359
matter what, right, Yeah, and the ulterior motive or anything.

1845
01:29:48.479 --> 01:29:51.000
And then a lot of the broker marriage is they're

1846
01:29:51.039 --> 01:29:51.800
well with the moms.

1847
01:29:52.119 --> 01:29:53.760
All the kids, Yeah, all the kids we've seen, they

1848
01:29:53.760 --> 01:29:54.960
were with the moms, right.

1849
01:29:55.600 --> 01:29:57.920
The huggy Mom. Tell her you love it because when

1850
01:29:57.960 --> 01:30:01.359
they're not here anymore, you have as your memories.

1851
01:30:01.680 --> 01:30:04.359
Yeah, that's so, that's where the stability is. The stability

1852
01:30:04.439 --> 01:30:06.079
is with mom and so.

1853
01:30:06.399 --> 01:30:08.960
And I remember she made sacrifice too. She wanted to

1854
01:30:09.039 --> 01:30:11.000
be with us when we were growing up, when we

1855
01:30:11.079 --> 01:30:12.920
got before we left the school, and when we came

1856
01:30:12.960 --> 01:30:15.439
home after his sports and so she worked a night

1857
01:30:15.479 --> 01:30:18.039
shift as a nurse. They changed it so she would

1858
01:30:18.039 --> 01:30:20.680
go in at eleven and be home at seven. Wow okay,

1859
01:30:20.800 --> 01:30:22.800
And so she had breakfast for us, and she took

1860
01:30:22.880 --> 01:30:25.319
her nap and slept. And when we didn't have sports,

1861
01:30:25.359 --> 01:30:27.159
when we were home at three thirty something, we were

1862
01:30:27.199 --> 01:30:29.720
there with sports. Sometimes we saw it, sometimes we didn't

1863
01:30:29.760 --> 01:30:32.199
see her, you know, but she always wanted to be

1864
01:30:32.279 --> 01:30:32.680
there for us.

1865
01:30:32.880 --> 01:30:35.159
Let's talk about the market. Where were we going? Where

1866
01:30:35.159 --> 01:30:35.560
we're going?

1867
01:30:35.760 --> 01:30:38.840
Do you think we're up at resistance? I think we

1868
01:30:38.920 --> 01:30:43.840
can squeeze a little higher, only because we haven't completed

1869
01:30:43.880 --> 01:30:46.560
any tariff deals other than you know, UK a little bit.

1870
01:30:46.640 --> 01:30:48.800
The China ones, the big one India is a big one,

1871
01:30:49.119 --> 01:30:50.960
and then as the small ones, it's no big deal.

1872
01:30:51.239 --> 01:30:53.239
I think when the I don't I think we can

1873
01:30:53.399 --> 01:30:56.239
go back and forth a little bit, but not really far.

1874
01:30:56.359 --> 01:30:59.399
But as soon as we have that China deal more complete,

1875
01:30:59.439 --> 01:31:01.399
and it's gonna be in stages, so it's gonna take

1876
01:31:01.439 --> 01:31:03.520
some time. I think that you know, if we go

1877
01:31:03.640 --> 01:31:05.279
up to fifty eight hundred, them all, you got to

1878
01:31:05.319 --> 01:31:08.920
sell into that because right now, the earnings aren't there, Dave,

1879
01:31:09.680 --> 01:31:11.760
and it's gonna cost more. And if we're gonna change

1880
01:31:11.800 --> 01:31:13.960
things over there, it's gonna be terrorists and people are

1881
01:31:13.960 --> 01:31:16.279
gonna slow down. We're gonna have that recession that we've

1882
01:31:16.319 --> 01:31:17.439
looked for for three years now.

1883
01:31:17.640 --> 01:31:19.720
Yeah, then we might actually be in it right now.

1884
01:31:19.880 --> 01:31:23.680
Yeah, markets go up and down, sessions go up and down,

1885
01:31:24.079 --> 01:31:26.960
we live through them all. What we're hoping for is

1886
01:31:27.039 --> 01:31:30.159
that whatever happens is short lived, like this last move down,

1887
01:31:30.479 --> 01:31:31.960
and then it comes back and then we're off to

1888
01:31:32.000 --> 01:31:35.560
the races. Once this kid's done and we can look

1889
01:31:35.640 --> 01:31:38.039
at it and say we're not in debt, we can

1890
01:31:38.199 --> 01:31:40.399
move forward. The markets are going to take off.

1891
01:31:40.720 --> 01:31:41.119
I agree.

1892
01:31:41.399 --> 01:31:43.319
They got to get this tax plan done. That's gonna

1893
01:31:43.359 --> 01:31:45.039
be see. So I think, so what happens is it

1894
01:31:45.159 --> 01:31:48.840
goes up with these deals, goes down with the idea

1895
01:31:48.880 --> 01:31:51.479
that we can't get a tax thing done. They finally

1896
01:31:51.520 --> 01:31:54.199
get a tax thing done late this year early next year,

1897
01:31:54.600 --> 01:31:57.600
and next thing you know, the markets take off for

1898
01:31:57.640 --> 01:31:59.640
the next two three years. The first year of the

1899
01:31:59.680 --> 01:32:02.600
president sees a second year and third year of the

1900
01:32:02.640 --> 01:32:03.119
best years.

1901
01:32:03.479 --> 01:32:06.640
And we talked while you were this last segment about

1902
01:32:07.000 --> 01:32:10.199
the way to do this is through insurance. So the

1903
01:32:10.680 --> 01:32:13.039
one time, two times, three times, or even four times,

1904
01:32:13.479 --> 01:32:15.920
the S and P five hundred to the downside.

1905
01:32:15.840 --> 01:32:18.039
I don't think there's four to the downside. I haven't

1906
01:32:18.039 --> 01:32:21.640
seen that yet. No, well, I haven't seen to the upside.

1907
01:32:21.680 --> 01:32:24.119
Well, there's to be an opposite to the SPYU is.

1908
01:32:24.199 --> 01:32:26.840
Right, But do you have to trade though the multiple ones,

1909
01:32:26.880 --> 01:32:27.560
the leverage ones.

1910
01:32:27.600 --> 01:32:30.319
You have to trade, the more leverage, the more difficult.

1911
01:32:30.840 --> 01:32:33.439
Two times I'm okay with uh, it's not there. But

1912
01:32:33.520 --> 01:32:35.479
the three and four times you have to trade them.

1913
01:32:36.359 --> 01:32:37.560
And when you get the big hit you have to

1914
01:32:37.640 --> 01:32:39.880
do it. Same thing with options. If your buying puts

1915
01:32:39.920 --> 01:32:42.159
to protect yourself, you have to know you get that

1916
01:32:42.279 --> 01:32:45.359
big move down of five to seven eight percent, take

1917
01:32:45.439 --> 01:32:48.039
the damn profit full disculosure.

1918
01:32:48.119 --> 01:32:50.880
When when you say the market's are maybe going to

1919
01:32:50.880 --> 01:32:52.399
get up to fifty eight hundred, and I agree with

1920
01:32:52.439 --> 01:32:53.880
you one hundred percent. I think that would be a

1921
01:32:53.920 --> 01:32:56.479
place where you'd want to you said, take them off

1922
01:32:56.520 --> 01:33:01.399
the table. What we're going to do is add someds, right, that's.

1923
01:33:01.960 --> 01:33:04.800
Part because of that, And I mean we always talk

1924
01:33:04.800 --> 01:33:07.279
about us being active traders and active investors is what

1925
01:33:07.399 --> 01:33:10.600
we do. We bought we bought SPY and QQQ so

1926
01:33:10.680 --> 01:33:12.600
the NAZEC and S and P five hundred back in

1927
01:33:12.680 --> 01:33:15.000
the beginning of April when the markets were down. We

1928
01:33:15.520 --> 01:33:18.600
saw this run up through April. We took a profit

1929
01:33:18.720 --> 01:33:20.800
on those shares that we bought, we sold them, and

1930
01:33:20.840 --> 01:33:22.520
now we have more cash and now we're waiting to

1931
01:33:23.159 --> 01:33:25.680
buy back into the SDS if it hits over fifty

1932
01:33:25.680 --> 01:33:27.880
eight hundred like we talked about last week, or if

1933
01:33:27.920 --> 01:33:29.199
it goes back. If it never hits and it goes

1934
01:33:29.199 --> 01:33:31.359
back under fifty four hundred, we'll look to buy more SPY.

1935
01:33:31.680 --> 01:33:33.159
But we're active in the sense that we did take

1936
01:33:33.199 --> 01:33:35.239
a game. We didn't take all of it off the table,

1937
01:33:35.680 --> 01:33:37.479
but we take the game from what we saw because

1938
01:33:37.800 --> 01:33:40.560
you can't not especially in the market environment right now.

1939
01:33:40.800 --> 01:33:42.520
This volatility allows for trading.

1940
01:33:43.000 --> 01:33:45.279
As I Genis mentioned many times on the show that

1941
01:33:46.039 --> 01:33:48.439
a lot of money managers will say it's gonna be okay,

1942
01:33:48.600 --> 01:33:50.279
just hanging in there at all, gonna it's all gonna

1943
01:33:50.279 --> 01:33:51.560
work yourself. That's not us.

1944
01:33:52.199 --> 01:33:55.119
Well, in like in a sense, if we didn't touch anything, yeah,

1945
01:33:55.279 --> 01:33:57.159
from March to May first, it would have been the

1946
01:33:57.239 --> 01:33:59.199
same sort of but we still during that month of

1947
01:33:59.239 --> 01:34:00.279
April we made money.

1948
01:34:00.279 --> 01:34:02.119
And the smart move that you did as well, though,

1949
01:34:02.720 --> 01:34:05.399
we take the gain that you have in that short

1950
01:34:05.479 --> 01:34:08.000
term and then put in the structured ETF Yeah, and

1951
01:34:08.119 --> 01:34:10.359
that way, if it does go down, you're gonna be

1952
01:34:10.399 --> 01:34:12.680
protected over the next year, but if it goes up,

1953
01:34:12.720 --> 01:34:13.720
you still can participate.

1954
01:34:13.840 --> 01:34:16.399
Yeah, And in that point, the structured ets that I

1955
01:34:16.479 --> 01:34:19.279
was buying into last week was the ones with one

1956
01:34:19.359 --> 01:34:22.720
hundred percent downside protection, so then you got the protection.

1957
01:34:22.880 --> 01:34:25.039
But then you do participate with the Russell two thousand

1958
01:34:25.079 --> 01:34:27.239
small Gap or the S and P five hundred or

1959
01:34:27.279 --> 01:34:29.800
the NASDAC. They're great products that came out of a

1960
01:34:29.840 --> 01:34:31.359
year ago. They've been doing what they've.

1961
01:34:31.239 --> 01:34:34.720
Right, and the clarsification is important. Everything has some risks.

1962
01:34:34.760 --> 01:34:36.880
You always have done the stand of risk, but that's

1963
01:34:36.920 --> 01:34:39.800
what we do. We diversify, we allocate, we do you know,

1964
01:34:39.920 --> 01:34:42.159
and we look at what happens and we get through

1965
01:34:42.239 --> 01:34:43.880
these things. I mean, Dave, you and I have been

1966
01:34:43.880 --> 01:34:46.439
through eighty seven. Yep, We've been through the nineties. Yeah,

1967
01:34:46.439 --> 01:34:48.239
we through two thousand and one, two thousand and eight

1968
01:34:48.560 --> 01:34:53.000
to twenty eighteen, twenty twenty, twenty twenty two, and we're

1969
01:34:53.039 --> 01:34:53.640
still standing.

1970
01:34:54.039 --> 01:34:56.319
And it went not a punching bag in April twenty

1971
01:34:56.399 --> 01:34:56.880
twenty five.

1972
01:34:58.600 --> 01:35:01.920
That was a simple one that wasn't bad. All right, everybody,

1973
01:35:02.439 --> 01:35:05.239
I hope you have a great Mother's Day. Hug your mom,

1974
01:35:06.000 --> 01:35:08.319
tell her you love her, and she's not you can

1975
01:35:08.359 --> 01:35:10.720
tell her in heaven that she's one of the greatest

1976
01:35:10.760 --> 01:35:14.159
people that you ever knew. We'll be back next week

1977
01:35:14.239 --> 01:35:17.239
where your money matters. We want everyone to be happy,

1978
01:35:18.039 --> 01:35:20.720
We want everyone to be healthy, and at the end

1979
01:35:20.760 --> 01:35:23.279
of the day, what are we striving for to be

1980
01:35:23.960 --> 01:35:24.359
prob