What You NEED to Know Heading into the Fed's Interest Rate Meeting Next Week

1 00:00:00,320 --> 00:00:03,879 Good morning everybody. It's that time, Sunday morning, eight o'clock right here 2 00:00:03,919 --> 00:00:07,280 at seven ninety katus Tea. It's money Matt. It's time with Dean Greenberg 3 00:00:07,559 --> 00:00:10,439 and the rest of the crew from Greenberg Financial Group. We'll talk to you 4 00:00:10,519 --> 00:00:13,919 for the next two hours, bringing your insight to what's going on in the 5 00:00:13,960 --> 00:00:17,399 markets, in the world, in the economy, and the politics, and 6 00:00:17,440 --> 00:00:20,079 you'll get to know us and how we think. We talk to you as 7 00:00:20,120 --> 00:00:25,440 money manages. We talk to you as as people, just telling you what's 8 00:00:25,440 --> 00:00:31,000 going on, telling you what we're doing, our strategies, and hopefully you 9 00:00:31,039 --> 00:00:34,399 get something out of it. Last couple of weeks, I guess there's some 10 00:00:34,439 --> 00:00:40,159 technical difficulties on the that's been coming across and the shows haven't really been coming 11 00:00:40,920 --> 00:00:47,600 actually being broadcasted, except parts of them. I totally apologize for it. 12 00:00:47,719 --> 00:00:52,880 Obviously. I know it wasn't directly my fault, but it's still uncomfortable to 13 00:00:52,920 --> 00:00:55,719 know that we think we're doing something and then it doesn't get out there. 14 00:00:55,759 --> 00:00:58,920 So I think we fixed it now if you hear my voice, we did 15 00:00:58,960 --> 00:01:02,640 fix it, okay, And not much has happened in the last couple of 16 00:01:02,640 --> 00:01:06,519 weeks, but the month is still down right across the board. The SMP, 17 00:01:06,840 --> 00:01:11,079 the NAVSDAC, the DOW, and the UH UH and the Russell two 18 00:01:11,120 --> 00:01:15,480 thousand all down so far for the month, SMP is down about one and 19 00:01:15,560 --> 00:01:21,079 a half Davsack's down over two percent. The equal weighted UH SMP now is 20 00:01:21,120 --> 00:01:26,000 down one five Interesting though, the SMP for the year is up fifteen point 21 00:01:26,159 --> 00:01:30,560 nine percent, but the equal weighting is only a four and a half percent 22 00:01:30,879 --> 00:01:37,799 for the year. And that is where the big differences between portfolios and indexes 23 00:01:37,840 --> 00:01:42,400 this year. Obviously, very few people just in the indexes for this year, 24 00:01:42,959 --> 00:01:46,519 and and and and if you were, that's great. If you're in 25 00:01:46,599 --> 00:01:52,439 the NAVSDAC, even better. But most people are more balanced and UH spread 26 00:01:52,439 --> 00:02:00,359 across the spectrum in order to get their their allocations to meet their risk risk 27 00:02:00,400 --> 00:02:05,959 tolerance. Risk tolerance, that's something we always talk about risk rest gurest grest 28 00:02:06,000 --> 00:02:08,199 grisks, you know, that's what it's all about. I mean, I 29 00:02:08,280 --> 00:02:12,080 know some people think they don't have risk when the markets are going out, 30 00:02:12,120 --> 00:02:15,000 Hey, no big deal. I got eighty percent of my portfolio in the 31 00:02:15,080 --> 00:02:17,840 video and are doing great. Yeah, of course, sure, but there's 32 00:02:17,840 --> 00:02:22,680 rescue. Remember that stock came from one ten to five hundred this year. 33 00:02:23,879 --> 00:02:30,479 That's a huge, huge increase, could go higher. It's one company that 34 00:02:30,639 --> 00:02:34,479 right now you look at and say, all right, that's gonna be voluntile. 35 00:02:34,479 --> 00:02:38,080 People are going to trade it. But the underpinnings of that stock are 36 00:02:38,080 --> 00:02:40,840 pretty done good, but it's still as risk. We always want you to 37 00:02:40,919 --> 00:02:46,039 understand risk, and the show is brought to you by Greenberg Financial Group, 38 00:02:46,919 --> 00:02:52,719 who wants you to understand risk. Greenberg Financial Group is both ay Broke, 39 00:02:52,719 --> 00:02:59,319 a dealer and a registered investment advisory. We are registered with the SEC and 40 00:02:59,360 --> 00:03:05,280 we're regular and that we're members of FINER and CIPRIC. They want you and 41 00:03:05,520 --> 00:03:12,000 us always to understand risk. That's very important. On the show, we 42 00:03:12,120 --> 00:03:15,520 talk about different products, different strategies, different ideas, our own opinions. 43 00:03:15,599 --> 00:03:24,240 Everything has risk, and we highly suggest you adjust your risk tolerance and your 44 00:03:24,280 --> 00:03:30,479 portfolio to meet that risk tolerance as the markets move up and down. So 45 00:03:30,560 --> 00:03:35,520 as the markets move higher, obviously your risk tolerance is set at a certain 46 00:03:35,560 --> 00:03:38,240 price. You need to keep it there, which means you're gonna have to 47 00:03:38,240 --> 00:03:42,599 sell off some stuff because some of your indices, some of your industries, 48 00:03:42,680 --> 00:03:47,479 some of your individual stocks have rallied more than what your risk tolerance is allowable 49 00:03:47,719 --> 00:03:53,520 to success, to succeed, because if it goes the other way, those 50 00:03:53,520 --> 00:03:58,080 are the ones that are going to create stress and everything else. Same thing 51 00:03:58,080 --> 00:04:00,840 of everything goes down. If you're already reallocated when things are up, and 52 00:04:00,840 --> 00:04:04,199 you reallocate that when they're down, which means you're buying more, you're adding 53 00:04:04,240 --> 00:04:10,080 more, You're putting more into the risk party your portfolio. When it's higher, 54 00:04:10,120 --> 00:04:14,759 you're taking off some of that risk. All that stuff is very, 55 00:04:14,879 --> 00:04:21,399 very very important, and we suggest you understand that the markets are only going 56 00:04:21,439 --> 00:04:27,399 to get more volatile. The markets are still going to stay confused. The 57 00:04:27,519 --> 00:04:31,680 markets have so many different things that can make them go down and very few 58 00:04:31,680 --> 00:04:38,360 things to make them go up. The amount of money, new money that 59 00:04:38,399 --> 00:04:43,079 comes into the market is what pushes stocks to higher levels and higher evaluations. 60 00:04:43,079 --> 00:04:46,240 We're already at those valuations. So where does the new money come from to 61 00:04:46,319 --> 00:04:50,639 keep pushing it. It's where I always always ask, because to make new 62 00:04:50,720 --> 00:04:54,839 highs, you need to have more money coming in new not the same money, 63 00:04:55,240 --> 00:04:59,720 more money because the prices are higher, evaluations are higher, and they 64 00:04:59,800 --> 00:05:04,920 got to push the markets higher. The only way valuations come down is by 65 00:05:05,000 --> 00:05:13,399 the economy growing, people spending money and earnings growing for the companies. We're 66 00:05:13,439 --> 00:05:16,639 not in that scenario. We have a very high interest rate site now we 67 00:05:16,759 --> 00:05:25,600 have high inflation. Those things create a problem when you're trying to see where 68 00:05:25,600 --> 00:05:29,279 new money is going to come from, because new money that goes into investment 69 00:05:29,879 --> 00:05:35,439 is going into buying stuff that people need. The necessities food, energy, 70 00:05:36,160 --> 00:05:43,360 clothing, housing, All those prices have gone higher. It's called inflation. 71 00:05:43,800 --> 00:05:49,839 It eats into the economy. The economy can't grow unless we have more spending. 72 00:05:51,079 --> 00:05:56,560 You might be spending more, but things are costing more if things were 73 00:05:56,720 --> 00:06:01,560 costing less and we were spending more as you grow, it's a very simple 74 00:06:02,319 --> 00:06:11,079 formula. We need growth to sustain where we are to move higher. If 75 00:06:11,079 --> 00:06:16,600 we don't get that growth, eventually, the earnings are gonna hurt stock prices. 76 00:06:16,680 --> 00:06:21,199 Valuations need to come down close to thirty percent in order us to have 77 00:06:21,439 --> 00:06:26,959 a fair valuation of what we've had over the years. And you might say 78 00:06:27,199 --> 00:06:30,319 that's not gonna happen. Well, that's gonna happen. I'm gonna get out 79 00:06:30,360 --> 00:06:32,639 of everything. Those are two things to look at. Neither one of them 80 00:06:32,680 --> 00:06:41,120 is the answer to believe we're not coming down or evaluations got to meet where 81 00:06:41,160 --> 00:06:44,839 growth in the economy either has to happen or prices got to come down. 82 00:06:46,759 --> 00:06:57,920 Then you're not looking at what's happening. If you believe that the markets are 83 00:06:57,959 --> 00:07:00,959 just gonna come down and not go up to sustain and you can't be wrong 84 00:07:01,000 --> 00:07:06,360 there and sell everything. That's the wrong way to do it too. Again, 85 00:07:08,519 --> 00:07:12,639 risk reward. When the risk is greater than the reward, you reduce 86 00:07:12,680 --> 00:07:16,519 your allocations towards risk. You mitigate your risk, You raise some cash, 87 00:07:16,560 --> 00:07:21,560 you go into fixed income. You wait for opportunities. And opportunities don't have 88 00:07:21,639 --> 00:07:25,519 to be on a broad base. The whole markets don't have to fall ten, 89 00:07:25,600 --> 00:07:28,000 fifteen, twenty thirty percent for you to say, hey, this is 90 00:07:28,000 --> 00:07:32,160 a great opportunity. Individual stocks can fall doing that, and you can add 91 00:07:32,199 --> 00:07:35,839 to those and if the market's going back and forth, you can be more 92 00:07:35,879 --> 00:07:40,680 active. See the biggest thing is if you get what I'm saying is sitting 93 00:07:40,879 --> 00:07:45,680 passively and just waiting everything out is fine if you're twenty thirty, forty, 94 00:07:45,879 --> 00:07:50,279 and even in your early thirties fifties, But if you're late fifties sixties and 95 00:07:50,319 --> 00:07:54,680 you're looking at retirement. No, even if you have all the money, 96 00:07:54,720 --> 00:07:57,199 Yes, you have to wait it out. If you don't do anything and 97 00:07:57,279 --> 00:08:00,560 it comes down. Except if it comes out and you just wait out the 98 00:08:00,600 --> 00:08:03,680 same stuff, that's not a good game plan either. That's when you come 99 00:08:03,680 --> 00:08:07,319 out of the things that are not working and going to the things that you 100 00:08:07,399 --> 00:08:09,800 think are going to make the most difference coming back. If you weren't able 101 00:08:09,800 --> 00:08:13,199 to mitigate any risk coming down, you're gonna lose, no matter why. 102 00:08:13,240 --> 00:08:16,879 If the markets go down. Nobody wants to see that, but that's what 103 00:08:16,000 --> 00:08:20,639 happens. But if you lose less and have cash to be able to buy, 104 00:08:20,959 --> 00:08:26,160 then you're rewarded when the markets come back up next week. Everyone thinks 105 00:08:26,160 --> 00:08:28,199 that the Federal Reserve is not going to raise interest rates. However, the 106 00:08:28,199 --> 00:08:33,919 inflation data this week doesn't say that. But they might take a weight and 107 00:08:33,919 --> 00:08:37,879 see approach because they don't want to go ahead and accelerate the down move in 108 00:08:37,919 --> 00:08:43,279 the economy, which we can see happening already. The weird thing is the 109 00:08:43,320 --> 00:08:46,840 stock prices keep going higher for some reason. They go high except on Friday, 110 00:08:46,960 --> 00:08:52,399 of course, they actually broke out of long term resistance on Thursday, 111 00:08:52,919 --> 00:08:58,399 looking for momentum traders to keep buying up again higher didn't happen. It reversing 112 00:08:58,440 --> 00:09:01,519 came down. We'll see next week. Now. I do think we can 113 00:09:01,519 --> 00:09:05,360 come back down to the forty three hundred forty three fifty level, you know, 114 00:09:05,600 --> 00:09:11,320 and unless there's a black Swan event or crisis or some type of scenario, 115 00:09:13,159 --> 00:09:16,639 we probably don't go back down into the into the into the three handle 116 00:09:16,679 --> 00:09:22,679 again or under thirty five hundred, which is what we're all looking for earlier 117 00:09:22,679 --> 00:09:26,879 in this year until maybe next year. You have to have a full blooded 118 00:09:26,960 --> 00:09:33,200 recession and within the idea that prices need to readjust and the mentality has to 119 00:09:33,240 --> 00:09:37,679 happen there. And when that changes, you know, you don't want to 120 00:09:37,720 --> 00:09:39,039 wait for that because it's going to be too late to get out, you 121 00:09:39,120 --> 00:09:43,000 know that. And I know that you mitigate risk when when you can see 122 00:09:43,039 --> 00:09:48,919 the red flags, when you can see the uh, the inverted yield curves, 123 00:09:48,000 --> 00:09:50,440 when you can see the fact that things are slowed down, there's only 124 00:09:50,480 --> 00:09:56,679 one reason to not knock in the market. We still have the government stimulating 125 00:09:56,720 --> 00:10:01,519 the market, We still have free money, we still have government spending. 126 00:10:01,960 --> 00:10:07,720 You need to start slow government spending and raise interest rates like it I did 127 00:10:07,000 --> 00:10:13,000 to knock inflation on its button. But we don't do that. And the 128 00:10:13,039 --> 00:10:16,799 main thing that's happened, which is gonna make it so difficult, and this 129 00:10:16,840 --> 00:10:22,159 could last longer than we want. And why people are confused by a good 130 00:10:22,159 --> 00:10:31,120 economy with weak underpendings and a strong economy with good undependings. Right now, 131 00:10:31,120 --> 00:10:37,279 the economy looks strong, but they got weak undependings. Any little thing that 132 00:10:37,320 --> 00:10:43,720 wobbles, it can all fall down. What it doesn't have is the ability 133 00:10:43,799 --> 00:10:48,360 for us to stimulate the economy if things starting to fail, because we will 134 00:10:48,399 --> 00:10:54,399 get back inflation. The government, the Congress doesn't do anything to help us 135 00:10:54,879 --> 00:11:03,679 with fiscal stimulus. They keep stimulating the economy. If you haven't looked lately, 136 00:11:03,279 --> 00:11:07,600 then you haven't seen. The oil prices are back over ninety one dollars. 137 00:11:07,919 --> 00:11:13,440 They have risen thirty someone dollars over the last few months. Back in 138 00:11:13,480 --> 00:11:18,360 the Springer got down to like sixty sixty one dollars back to ninety one. 139 00:11:18,399 --> 00:11:22,000 And you don't hear it talking about it because the administration does not want to 140 00:11:22,039 --> 00:11:24,919 talk about it because they know every time you go to the pump. It's 141 00:11:24,960 --> 00:11:31,200 twenty thirty dollars more to fill your tank. So they keep pushing ev ev 142 00:11:31,480 --> 00:11:41,480 ev and those things keep going higher. And now we're in a you a 143 00:11:41,960 --> 00:11:50,159 w United Auto work is strike and they're not just striking forward, the striking 144 00:11:50,200 --> 00:11:56,440 forward GM and it used to be Chrysler Jeep. Now now they've all combined. 145 00:11:56,559 --> 00:12:03,240 There's three of them all going ahead and striking, and they're not striking 146 00:12:03,320 --> 00:12:07,519 all at once, and all hundreds of thousands of people on the street. 147 00:12:07,879 --> 00:12:16,120 They're going after the most productive assembly plants around the country. Now I scratch 148 00:12:16,240 --> 00:12:24,120 my head and say, why is this okay? Why are they striking? 149 00:12:24,759 --> 00:12:30,480 And it comes down they want more money. Well, we can't give more 150 00:12:30,519 --> 00:12:37,399 money if we think that inflation is going to go ahead and continue. It's 151 00:12:37,600 --> 00:12:43,200 ass backwards. We needed to stop inflation as the wages were coming up, 152 00:12:45,000 --> 00:12:50,720 so they actually benefit from it. Think about it. Fifteen dollars twenty dollars 153 00:12:50,840 --> 00:12:56,000 is normal now for people working in a restaurant businesses washing dishes, working in 154 00:12:56,080 --> 00:12:58,559 the kitchen, serving, doing all that stuff. The price of food has 155 00:12:58,600 --> 00:13:05,759 gone through the roof. Everything costs us more money. Let's just go to 156 00:13:05,840 --> 00:13:09,159 McDonald's. There used to be a very cheap menu. Dollar menu. It's 157 00:13:09,159 --> 00:13:13,080 never a dollar menu anymore. It's three dollars, it's five dollars. If 158 00:13:13,080 --> 00:13:18,279 you want to walk out with a meal is eight to ten dollars. So 159 00:13:18,799 --> 00:13:24,039 if you're making ten dollars and now you're gonna make fifteen dollars, that five 160 00:13:24,080 --> 00:13:30,240 dollars gets taxed more. So what does up five dollars really give you thirteen 161 00:13:30,279 --> 00:13:33,919 dollars? So you go from ten to thirteen. But the McDonald's burger went 162 00:13:33,960 --> 00:13:37,399 from four to eight to ten dollars. You were able to get out for 163 00:13:37,480 --> 00:13:41,799 five dollars a meal. So now you're spending five dollars more for that meal, 164 00:13:41,240 --> 00:13:46,399 and you're only making three dollars more. If they raise it again and 165 00:13:46,519 --> 00:13:48,480 give you more money, you're gonna be taxed more and you're not, and 166 00:13:48,519 --> 00:13:54,840 then everything's gonna go higher. Housing is higher, Renting is higher, traveling 167 00:13:54,919 --> 00:14:03,120 is higher, Buying automobiles is higher. Everything costs more than what you're getting 168 00:14:03,120 --> 00:14:09,240 in wages, and wages is forcing. Price is higher. And the worst 169 00:14:09,240 --> 00:14:11,240 part is it's not like you're paying a little bit more for going to the 170 00:14:11,279 --> 00:14:16,039 grocery store for food or more for gas. Those prices go up and down 171 00:14:18,080 --> 00:14:22,799 wages. My friends are not coming down. They're not. Once you give 172 00:14:22,879 --> 00:14:30,120 somebody a raise, the only way that that payroll gets cut is by getting 173 00:14:30,200 --> 00:14:35,159 people. Let go, give them their pink slip, and then you got 174 00:14:35,159 --> 00:14:39,399 two working for one and guess what happens. Then unemployment goes higher. But 175 00:14:39,559 --> 00:14:43,919 no one is educating these people picketing out there who are told you're not getting 176 00:14:43,919 --> 00:14:48,879 your fresh share. One out of three people are going to be laid off 177 00:14:48,919 --> 00:14:54,679 down the road when things aren't that good. Would you rather be making a 178 00:14:54,720 --> 00:14:58,759 little less money and get a twenty percent increase rather than fighting for that forty 179 00:14:58,759 --> 00:15:07,519 per sent increase and know you will have a job that allowsy stinking amount. 180 00:15:07,559 --> 00:15:11,679 The money that they have in the strike fund, it's not that much, 181 00:15:13,159 --> 00:15:16,000 three to five hundred dollars a week, and it probably has enough in there 182 00:15:16,039 --> 00:15:22,679 to last for two months max. Most people don't want to go on strike. 183 00:15:22,120 --> 00:15:26,360 They are talked into going on strike because the leader of the U a 184 00:15:26,639 --> 00:15:33,080 W tells them they're not getting their fair share. Look at wherever the prices 185 00:15:33,080 --> 00:15:37,360 were before. Look where inflation was just a mere couple of years ago. 186 00:15:39,360 --> 00:15:43,759 And I'm not saying it's just wages going up, the pandemic cause of supply 187 00:15:43,879 --> 00:15:48,320 chain, and of course our politicians did nothing to bring down that price. 188 00:15:50,799 --> 00:15:56,919 So now we're in a situation that every union teaches union and the UAW every 189 00:15:58,039 --> 00:16:02,639 union is now wanted, is threatening to go on strike or get more money. 190 00:16:03,320 --> 00:16:04,759 Well, what about the person that's not doing that, the one that's 191 00:16:04,799 --> 00:16:08,480 working that butts off, trying to make it work, and everything keeps going 192 00:16:08,559 --> 00:16:15,919 higher and higher. I want him to do exactly what Reagan did to the 193 00:16:15,960 --> 00:16:19,720 air traffic controllers. You want to go on strike, that's fine. Who 194 00:16:19,759 --> 00:16:25,320 wants a job making this much money? And he got a whole bunch of 195 00:16:25,320 --> 00:16:27,840 new guys coming there, and them women, new people, i should say, 196 00:16:29,080 --> 00:16:32,600 coming in to take and learn how to be an air traffic controller. 197 00:16:33,679 --> 00:16:37,519 And the others won't bye bye, and they were appreciative to have their jobs. 198 00:16:40,639 --> 00:16:45,879 We no longer talk about the appreciation of having those jobs. Corporations are 199 00:16:45,960 --> 00:16:56,159 not built to lose money. They have shareholders, and guess what, the 200 00:16:56,279 --> 00:16:59,879 people working there are shareholders too, people like us. The shareholders. If 201 00:17:00,000 --> 00:17:03,559 you're putting money in a pension plan, a private sharing plan, if you're 202 00:17:03,600 --> 00:17:07,759 investing money in mutual funds, you're a shareholder and probably most of these companies. 203 00:17:10,119 --> 00:17:12,200 If you're not putting money to a four win K plan and not putting 204 00:17:12,240 --> 00:17:15,559 things, then I don't know what you're gonna do when you get older, 205 00:17:15,559 --> 00:17:18,160 because no one's gonna give you any money. But you'll be doing exactly this. 206 00:17:18,279 --> 00:17:22,599 You'll be going on strike asking for more money out of social Security and 207 00:17:22,720 --> 00:17:32,119 no one's going to care. A whole attitude needs to change towards working and 208 00:17:32,319 --> 00:17:38,200 earning, not coming together as a group because your leader at UAW tells you 209 00:17:38,279 --> 00:17:45,279 you're not being paid enough money without telling you the consequences of everyone making more 210 00:17:45,279 --> 00:17:52,279 money. And what does he come on? Mary Bearer, the CEO of 211 00:17:52,319 --> 00:17:56,039 GM, you know, was being interviewed, and what does he do? 212 00:17:56,160 --> 00:18:00,279 He comes on and goes You realize the non interviews. She made more money 213 00:18:00,319 --> 00:18:06,319 in that time, then some people may go year. So what's your point. 214 00:18:07,119 --> 00:18:10,960 She went to school, she became educated, she learned the ropes. 215 00:18:11,200 --> 00:18:15,640 She went ahead and was able to show GM the board of directors and interviewed 216 00:18:15,960 --> 00:18:21,160 up the line that she deserved the job and she was the right person for 217 00:18:21,200 --> 00:18:25,640 the job. Same thing at Ford and same thing at Tesla, Same thing 218 00:18:25,640 --> 00:18:32,079 at all these places, people earn the right to get to those top positions, 219 00:18:32,480 --> 00:18:36,640 and when they do, there's money to be paid to them. There's 220 00:18:36,720 --> 00:18:41,519 no difference in a head coach of a basketball or football team that makes anywhere 221 00:18:41,559 --> 00:18:45,200 from five million to ten million or more, and if they don't perform, 222 00:18:45,440 --> 00:18:49,240 they are fired. But the ranks and the rank and file, they're not 223 00:18:49,279 --> 00:18:52,519 allowed to get fired because they've got union reps and they're able to go ahead 224 00:18:52,559 --> 00:18:56,759 and come in hi, they're able to come in late, they're able to 225 00:18:56,799 --> 00:19:00,920 do their job lousy and you can't fire them. You're writing them up and 226 00:19:00,960 --> 00:19:04,799 go through everything improved to it. The CEO does not have that opportunity higher 227 00:19:04,839 --> 00:19:08,000 management that gets paid. There is a very stressful thing, and there's one 228 00:19:08,039 --> 00:19:14,799 person that makes it and this I guarantee you one hundred others that believe they 229 00:19:14,799 --> 00:19:21,240 should have that job. They earned it. Pay them. What I don't 230 00:19:21,240 --> 00:19:25,039 like is if the company goes out of business like GM did after getting all 231 00:19:25,079 --> 00:19:29,920 that help in two thousand and two and three from the government, that the 232 00:19:30,039 --> 00:19:33,799 leadership is able to walk away and still have hundreds of millions of dollars that 233 00:19:33,799 --> 00:19:38,480 bothers me, but not earning it. As the company is prospering and making 234 00:19:38,519 --> 00:19:45,400 money and paying everybody their salaries. And now they want the administration because they 235 00:19:45,440 --> 00:19:53,319 know we minded. Biden is the union president, and he'll come and probably 236 00:19:53,359 --> 00:19:57,960 try to help them. Well, I think he's not gonna do it like 237 00:19:59,200 --> 00:20:03,160 they think they're gonna do it. He is the union president. He believes 238 00:20:03,160 --> 00:20:06,519 in unions, and that's why the unions think they have so much power. 239 00:20:07,359 --> 00:20:11,279 But the administration's look at, well, how can we get some money to 240 00:20:11,400 --> 00:20:17,599 pay for some of these smaller companies that are going ahead and going to probably 241 00:20:17,599 --> 00:20:22,400 going to have business because they can't stay in business without the motor companies being 242 00:20:22,440 --> 00:20:26,640 in business. I'll tell you how. Don't let the don't let the u 243 00:20:27,000 --> 00:20:32,519 W strike tell them they have to be opened. Tell them to stop being 244 00:20:32,599 --> 00:20:36,759 greedy, make the deal of twenty percent, twenty five percent, and stop 245 00:20:36,799 --> 00:20:41,519 asking for forty. You don't even have any idea how much it costs and 246 00:20:41,640 --> 00:20:47,640 benefits and healthcare and retirement and everything else that goes into it in each other. 247 00:20:48,000 --> 00:20:52,400 It's so much. When they lose billions of dollars on this ev stuff 248 00:20:52,440 --> 00:20:57,920 like Ford did, nobody feels bad for them, and nobody gives them money. 249 00:20:59,440 --> 00:21:02,880 Okay, they're taking the risk. They're the ones that are making less 250 00:21:02,960 --> 00:21:06,440 money, they're the ones going into it. But boy, they make money. 251 00:21:06,599 --> 00:21:11,839 Everybody wants a piece of that action. And the only way when they're 252 00:21:11,839 --> 00:21:15,000 not making money, what's gonna happen is you're going to lose your job. 253 00:21:15,480 --> 00:21:18,079 And you should think about do you want your job at a reasonable price and 254 00:21:18,200 --> 00:21:21,920 work your way up to ladder or do you want to go ahead and take 255 00:21:21,960 --> 00:21:25,039 the chance and make more money now and get laid off in one, two, 256 00:21:25,200 --> 00:21:33,960 three years when everything hits the fan. I do not believe in pressuring 257 00:21:33,079 --> 00:21:37,200 companies. Pressure something that's the And let's face it, guys, the teachers 258 00:21:37,319 --> 00:21:45,200 union is even worse than the auto union. It's so hard to get rid 259 00:21:45,240 --> 00:21:49,279 of a teacher. But yet we don't have enough teachers. There's a problem 260 00:21:49,319 --> 00:21:53,920 with our education and we need to fix it. We need to get teachers 261 00:21:53,960 --> 00:21:59,920 teaching. There are so many substitute teachers who do not care about what's going 262 00:22:00,119 --> 00:22:03,920 on. They go there, they collect their check, there's no buying, 263 00:22:03,400 --> 00:22:07,400 no nothing, doing their lazy job because they don't think they get paid enough 264 00:22:07,440 --> 00:22:11,079 and everything else. Now do I think teachers should get paid more. I 265 00:22:11,160 --> 00:22:17,960 do, but if they earn it. If they earn it, bonus system, 266 00:22:18,160 --> 00:22:22,240 just like they do in corporations. You're doing great job, your kids 267 00:22:22,279 --> 00:22:25,720 are having great grades. You're putting in the effort. You get good, 268 00:22:25,759 --> 00:22:27,319 write ups, man you get. If you don't get good, you get 269 00:22:27,319 --> 00:22:30,839 out of there. Find people, pay them all, give them bonuses. 270 00:22:32,160 --> 00:22:40,400 Change the structure. Stop letting less than medioca be successful, slap letting them 271 00:22:40,480 --> 00:22:45,079 hate their jobs and collect the check. People that hate their jobs only bring 272 00:22:45,079 --> 00:22:49,839 everybody else down because all they do is complain about everything. If these you, 273 00:22:51,200 --> 00:22:56,519 if these factory workers hate their job, go find something else. Going 274 00:22:56,559 --> 00:23:00,720 on strike is going to create a problem for all of America. If they 275 00:23:00,759 --> 00:23:06,599 stay out two or three months, it's gonna cost billions and billions and billions 276 00:23:06,599 --> 00:23:11,880 of dollars to our economy just when we don't need it. Then the slowness 277 00:23:11,880 --> 00:23:17,079 will pick up, then the markets will fall, and then people won't get 278 00:23:17,079 --> 00:23:23,359 their malley anyway. It's a problem that we need to fix, but it 279 00:23:23,440 --> 00:23:29,240 has to start with people like me explaining to people that it's not about people 280 00:23:29,279 --> 00:23:33,720 making money, it's about just giving it to everybody. Just because the unions 281 00:23:33,759 --> 00:23:37,240 say you have to. If a company makes a lot of money. That's 282 00:23:37,279 --> 00:23:41,680 great. You don't see anybody going ahead in the oil industry complaining about it 283 00:23:41,759 --> 00:23:48,079 except Biden and his cronies because they want ev The people working for the oil 284 00:23:48,119 --> 00:23:52,759 companies, they're being paid and they like it and they're not going on strike. 285 00:23:52,559 --> 00:23:56,559 And believe me, it's hard work. I'm sure it is out on 286 00:23:56,599 --> 00:24:00,920 those rigs in the middle of the ocean and everything else. But they get 287 00:24:00,960 --> 00:24:03,799 paid because the company pays them. The company pays these order work is what 288 00:24:03,839 --> 00:24:08,359 they can pay him. It's you and I that are gonna get hurt by 289 00:24:08,400 --> 00:24:12,000 this, and not just this industry, all the industries that keep wanting more 290 00:24:12,000 --> 00:24:15,839 money. Our taxes go up and the next thing, you know, are 291 00:24:15,920 --> 00:24:18,599 real dollars of what we make, even though we get an increase, is 292 00:24:18,640 --> 00:24:22,200 getting less and less and less. And that's why it's so hard to live 293 00:24:22,440 --> 00:24:26,319 month to month. We'll be back with the rest of the crew. Money 294 00:24:26,400 --> 00:24:33,759 Matters with Dean Greenberg will return. Welcome back, everybody. It's some money 295 00:24:33,759 --> 00:24:37,519 about the show. We got Dave Sherwood, Todd Glick, Dean Greenberg, 296 00:24:38,279 --> 00:24:44,839 and Dylan Greenberg here to talk to you about the week and beyond. Yeah, 297 00:24:44,839 --> 00:24:48,559 it didn't have much market movement this week, a lot of market movement, 298 00:24:48,759 --> 00:24:49,799 but at the end there was nothing night. I mean there was a 299 00:24:49,799 --> 00:24:53,240 three fifty point up DAN three empty point down day. Well with it being 300 00:24:53,759 --> 00:24:57,359 ending the week minus I mean that's Peters down point two percent. That makes 301 00:24:57,400 --> 00:25:00,359 it two weeks in a row. Now, I think the I ended the 302 00:25:00,400 --> 00:25:03,400 week down forty two points. It did right, yes, and is down 303 00:25:03,440 --> 00:25:07,759 for seven points. Yeah, not much changing. Question is why couldn't it 304 00:25:07,799 --> 00:25:12,559 continue higher when it was moving higher? Well, because we have to break 305 00:25:12,559 --> 00:25:21,880 down after start of breaking down. Next week we'll find out the markets do 306 00:25:21,960 --> 00:25:27,079 not expect the Fed to raise rates be a shock. I don't understand other 307 00:25:27,119 --> 00:25:30,759 than the fact they said that they're gonna let give it a poise and then 308 00:25:30,759 --> 00:25:34,880 go from there. Because all the information this week was hotter than expected CPI 309 00:25:36,200 --> 00:25:41,079 PPI both hotter than expected detail sales, and what they did is detail sales. 310 00:25:41,240 --> 00:25:45,000 Everything was they shrugged it off. It's all related to gasoline prices, 311 00:25:45,039 --> 00:25:51,240 all of it retail sales, PPI, CPI all related to higher gasoline prices. 312 00:25:51,279 --> 00:25:53,000 And if you take that as a given, I'm gonna unerstand that's it. 313 00:25:53,079 --> 00:25:56,319 But if you take that as the thesis, then that's gonna go away 314 00:25:56,359 --> 00:26:02,319 at some point. But so Amazon then is is the beneficiary because as as 315 00:26:02,720 --> 00:26:06,839 as gasoline prices go higher, people say, well, I don't want to 316 00:26:06,920 --> 00:26:08,559 drive to the store. It's going to cost me money. Let me get 317 00:26:08,599 --> 00:26:11,920 on my computer. Amazon will have it delivered tomorrow. I guess my only 318 00:26:11,960 --> 00:26:15,599 concern there would be at the gas at the Amazon trucks require well, but 319 00:26:15,680 --> 00:26:19,680 they're not raising prices. Amazon. Yeah, that's their own door Dash. 320 00:26:21,160 --> 00:26:25,519 Let's say get a boost as you can get groceries delivered from it. But 321 00:26:25,599 --> 00:26:27,680 at the same time, door Dash you could probably see a drawback because the 322 00:26:27,680 --> 00:26:33,759 student loan payments being re reintroduced, So people who have had that discretionary income 323 00:26:33,759 --> 00:26:37,440 available no longer do no longer want to pay. They're gonna have more people 324 00:26:37,480 --> 00:26:40,960 trying to drive for him to pay for them. Yeah. Probably we've been 325 00:26:41,000 --> 00:26:44,480 hearing that for months about the student loan payments. When did they actually begin 326 00:26:44,960 --> 00:26:48,039 thirteenth payments restart? The interests started on September one. Do you have to 327 00:26:48,079 --> 00:26:52,119 make the payment by the thirteenth of October? That's when they restart, So 328 00:26:52,200 --> 00:26:56,319 whatever, probably, like you probably have after that or November thirteenth is probably 329 00:26:56,359 --> 00:26:59,880 the late payment. What's your payment to October thirteenth is the due date. 330 00:27:00,000 --> 00:27:03,119 I actually get to the twenty three, probably so within a couple three weeks 331 00:27:03,200 --> 00:27:07,200 or so. We ought to know what kind of ramifications there are. Well, 332 00:27:07,240 --> 00:27:10,480 you'll see it going into the end of the year. You know what 333 00:27:10,559 --> 00:27:15,039 it might hurt is holiday time or usually you get all these bonuses and you're 334 00:27:15,079 --> 00:27:18,559 paying for gifts and all it might have to go toward student loans. You're 335 00:27:18,559 --> 00:27:21,519 gonna see the discretion or spending for gifts might go down. I don't think 336 00:27:21,519 --> 00:27:23,400 this shiit. I think this ship. People are gonna say school and I 337 00:27:23,400 --> 00:27:26,680 don't know if I'm gonna pay it. Yeah, it'll start their system on 338 00:27:26,759 --> 00:27:29,599 January first, Yeah, right. I think there'll be a lot of that, 339 00:27:29,640 --> 00:27:32,519 a lot of doing. I think so because most people are like, 340 00:27:32,599 --> 00:27:33,640 well, I haven't paid it so long, I can't afford it, and 341 00:27:33,680 --> 00:27:36,920 I'm not going to pay it now. Three years yeah, three years, 342 00:27:36,960 --> 00:27:40,759 three years since anybody made it payment. If you had bad credit already, 343 00:27:40,920 --> 00:27:45,359 if you had bad credit already, why would you make that payment. Also, 344 00:27:45,400 --> 00:27:47,720 I think you know a lot of people are going to say I'd rather 345 00:27:47,759 --> 00:27:51,880 spend money on my family than paying money to some creditor. You know, 346 00:27:51,880 --> 00:27:55,000 I want to get my kids these presents. So I think we probably see 347 00:27:55,039 --> 00:27:57,680 consumers stay strong throughout the end of this year. But then as we flip 348 00:27:57,680 --> 00:28:00,839 into next year, what is there to spend on at that point other than 349 00:28:00,880 --> 00:28:07,799 just continuously inflation, staying hurt is vacation and stuff. Yeah, airbnb, 350 00:28:07,039 --> 00:28:11,400 cruise ships, well, stuff. We say, shion always creates that and 351 00:28:11,440 --> 00:28:15,799 we're walking into it. Savings is down, credit card dead is up. 352 00:28:15,880 --> 00:28:19,359 Yep. Just that equation alone tells people because if you, if you, 353 00:28:19,960 --> 00:28:23,440 if you're prudent and you have put some stuff because you did some things, 354 00:28:23,720 --> 00:28:27,599 especially through the holiday, on your credit card, that year, you're going 355 00:28:27,640 --> 00:28:30,640 to tighten the belt and you're gonna pay off the credit card before you do 356 00:28:30,680 --> 00:28:36,240 other things. If you spot yeah, absolutely absolutely. You know the big 357 00:28:36,279 --> 00:28:38,319 headline is week You know what the big headline was, right, Don't tell 358 00:28:38,359 --> 00:28:41,160 me climate change, because I mean, no, not climate change. But 359 00:28:41,279 --> 00:28:47,160 last Sunday, right a week ago to day was one hundred and eleven degrees. 360 00:28:47,720 --> 00:28:51,119 You know that was the hottest September day. I said, no, 361 00:28:51,119 --> 00:28:52,240 no, no, no, you just said no climate change. It's the 362 00:28:52,279 --> 00:28:56,440 same thing. This is historic. This is historic stuff. Okay, one 363 00:28:56,519 --> 00:29:00,640 hundred and eleven degrees. What's the hottest day ever in September in Tucson ever? 364 00:29:02,279 --> 00:29:04,720 And we've had somewhere between thirty and fifty thousand people moved here in the 365 00:29:04,759 --> 00:29:10,400 last few years. Duhanna who you talked to? And they've just experienced the 366 00:29:10,480 --> 00:29:14,519 summer from hell. And I've just want him to understand it's not normal. 367 00:29:15,119 --> 00:29:18,240 Last Sunday was not only one hundred and eleven degrees, it was the eighteenth 368 00:29:18,480 --> 00:29:22,279 day this year, one tenner above. You know what the average is? 369 00:29:22,799 --> 00:29:26,400 Two? You know what the mode is? The mode is the most often 370 00:29:26,960 --> 00:29:33,160 scene number one and we had eighteen. Okay, so there you go. 371 00:29:33,200 --> 00:29:37,079 So it's the hottest July in history. And I'm not talking about climate change. 372 00:29:37,119 --> 00:29:38,559 Well, let me let me ask you. Let me tell you. 373 00:29:38,559 --> 00:29:42,200 A climate change is in tenths of a degree, right, climate change is 374 00:29:42,200 --> 00:29:45,799 not ten degrees above average every day for a month and a half. He 375 00:29:45,839 --> 00:29:49,680 gets the EV vehicle and slowly but surely, it's turning left. You notice 376 00:29:49,720 --> 00:29:55,319 that I don't think my EV turns left. I'm not. It's not allowed. 377 00:29:55,480 --> 00:30:00,160 It's not allowed to One thing. One interesting thing about the ev and 378 00:30:00,359 --> 00:30:04,279 this is this is that that I've been monitoring my electric bills more closely now. 379 00:30:04,400 --> 00:30:08,279 I got the car in late June July, I went to a lot 380 00:30:08,319 --> 00:30:12,960 of the superchargers, so August was really the first month that I was charged 381 00:30:14,000 --> 00:30:18,200 it at home. And I'm I'm thinking based upon what I'm seeing so far, 382 00:30:18,240 --> 00:30:21,759 and I keep in mind, August was so much hotter than last August. 383 00:30:22,119 --> 00:30:26,039 That is hard to compare apples and apples, but it looks like it's 384 00:30:26,160 --> 00:30:27,960 probably. And I spent two hundred bucks a month on gasoline, right, 385 00:30:29,559 --> 00:30:32,319 it looks like the electricity is going to cost me about one hundred bucks a 386 00:30:32,319 --> 00:30:38,599 month. Not a gigantic savings, not gigantic mean I spent two hundred No, 387 00:30:38,759 --> 00:30:41,920 I spent two hundred bucks a month on gasoline when I had the gas 388 00:30:41,960 --> 00:30:45,920 car car. With the electric car, it looks like the cost of electricity 389 00:30:47,400 --> 00:30:49,960 is going to be about one hundred dollars a month more than what I was 390 00:30:51,000 --> 00:30:53,559 paying before I had the electric vehicle. But nobody talks about that. No, 391 00:30:53,559 --> 00:30:56,440 No, what I'm saying, that's not just your garage. That's good. 392 00:30:56,480 --> 00:31:00,319 That's not that's good. Now you're talking. Oh and you want to 393 00:31:00,319 --> 00:31:03,519 go straight to THEV girl, We're not doing that because I've got I've got 394 00:31:03,519 --> 00:31:07,160 a whole being there and then that one's actually, this one's actually, uh, 395 00:31:07,400 --> 00:31:10,759 you're one one. You know. It's funny, Dave, and I 396 00:31:10,880 --> 00:31:15,519 love you many apparently because you you just believe everything. You're so anal about 397 00:31:15,519 --> 00:31:19,920 everything that once you got going on the ZV stuff and the and what the 398 00:31:21,319 --> 00:31:25,000 hot it is? Every week you have to do it. It's not like 399 00:31:25,039 --> 00:31:26,680 your closet. We don't need to do the same thing every week. Other 400 00:31:26,680 --> 00:31:30,960 than we have clients that have listeners that have called. Please let them, 401 00:31:32,079 --> 00:31:36,400 please let them keep talking about EV's I love a four guys. Two of 402 00:31:36,400 --> 00:31:40,160 them were your friends. This is totally this is not at all what you're 403 00:31:40,160 --> 00:31:42,079 expecting. Though this week you get it. You know what, though I 404 00:31:42,119 --> 00:31:47,240 need one hundred eleven degrees, one hundred and four degrees. It's hot. 405 00:31:47,279 --> 00:31:49,039 We all say it's hot. We get by. This is where we live. 406 00:31:49,400 --> 00:31:53,599 I'll take it. I don't want newcomers to think this is normal bottom 407 00:31:53,640 --> 00:32:00,599 or difference bottom more. Why you from California? I back. You got 408 00:32:00,599 --> 00:32:01,799 a point there, you got a point there. Somebody said it is so 409 00:32:01,880 --> 00:32:06,000 damn HoTT and Brown. Here I go. Yeah, hey, tell everybody 410 00:32:06,039 --> 00:32:07,880 you know, you know, I mean, all right, let's keep moving 411 00:32:07,920 --> 00:32:13,880 on. I keep finding. The most fascinating thing is is the this year 412 00:32:14,400 --> 00:32:21,759 is the equal weighted SMP dramatically different. It is eleven almost eleven percent less 413 00:32:21,759 --> 00:32:25,039 than the SMP. Yes, twenty six percent less than the NAVZDAC. If 414 00:32:25,079 --> 00:32:29,680 you combine the two fifties on twenty one, it's about twenty five. It's 415 00:32:29,720 --> 00:32:32,920 twenty percent less than the NAVSDAC and the SMP combined. So if you don't 416 00:32:32,920 --> 00:32:37,720 have those seven stocks, yeah, there you are, and we will have 417 00:32:37,759 --> 00:32:40,119 some exposures of those seven stock well we do when some of the ets and 418 00:32:40,160 --> 00:32:44,319 stuff and the qqq's which are point of a model, but no way did 419 00:32:44,319 --> 00:32:46,720 to give the boost that the others did by themselves. And going into the 420 00:32:46,759 --> 00:32:51,160 seven stocks now might not be the move because we've seen in the past that 421 00:32:51,319 --> 00:32:55,519 historically, when the equal weighted underperforms the regular cap weighted SMP, the equated 422 00:32:55,599 --> 00:33:00,400 then normally outbeats the cap weighted SMP the following year years. So you need 423 00:33:00,440 --> 00:33:04,799 to be careful and not always trying to follow a trade that has worked in 424 00:33:04,839 --> 00:33:07,160 the past. It could very well go the opposite and equalated. It starts 425 00:33:07,160 --> 00:33:10,720 outperforming the S ANDP. Well, we're seeing these big tech stocks having pullbacks 426 00:33:10,759 --> 00:33:15,519 right now. I mean videos down ten percent. Netflix is down fifteen percent. 427 00:33:15,000 --> 00:33:19,279 Microsoft is down. Amazon is the only one that's Amazon and Google will 428 00:33:19,279 --> 00:33:22,279 only do that's gonna be up right now. Apple's already pulled back months ago, 429 00:33:22,359 --> 00:33:25,480 three months ago with the ones that were hardly moving, and we said, 430 00:33:25,480 --> 00:33:29,319 those are the ones that get into when they moved. Oil is another 431 00:33:29,319 --> 00:33:31,240 one. If you go back and listen to some of our shows, I 432 00:33:31,319 --> 00:33:35,759 kept saying in the sixties seventies, oil will be over eighty five dollars. 433 00:33:36,240 --> 00:33:39,000 It is now ninety one dollars. It's probably moving to one hundred dollars. 434 00:33:39,039 --> 00:33:42,359 Yeah, we said a couple of years ago that the tech the charts look 435 00:33:42,440 --> 00:33:45,839 like a hundred. But the interesting part is, well, you can't go 436 00:33:45,920 --> 00:33:49,240 up because China has been in a shutdown. China wasn't doing this, China 437 00:33:49,359 --> 00:33:52,680 wasn't doing that. I am so sick and tired of listening to China. 438 00:33:52,759 --> 00:33:55,480 All Right, it's not China, it's nothing. It's us not drilling, 439 00:33:55,759 --> 00:34:00,400 it's us not allowing anyone to have our oil. We know the Saudi Arabia 440 00:34:00,480 --> 00:34:05,200 is not increasing production right or they're going to keep their production cuts, and 441 00:34:05,240 --> 00:34:08,760 so is Biden. Well also they blame them, they blame them, blaming 442 00:34:08,800 --> 00:34:14,920 them. The latest economic got out of China was better than expectations is showing 443 00:34:14,960 --> 00:34:19,239 that the the retail sales were a lot better than expectations. That was really 444 00:34:19,360 --> 00:34:22,920 one number on Friday. They're cutting interest rates like there's no tomorrow over there. 445 00:34:23,039 --> 00:34:29,840 They're in a panic over will never ever trust whatever comes out of China. 446 00:34:30,159 --> 00:34:32,239 I've been doing this forty years. The one thing I learned thirty five 447 00:34:32,320 --> 00:34:36,880 years ago, someone says, never listened to what China has to tell you. 448 00:34:37,320 --> 00:34:38,679 They will paint the picture. They will do whatever, because it doesn't 449 00:34:38,679 --> 00:34:42,360 matter. They do what they want, all right. They do it the 450 00:34:42,360 --> 00:34:44,920 way they want to do it, and they report it the way they want 451 00:34:44,920 --> 00:34:47,519 to report it exactly. And it's it's very difficult. But we've been seeing 452 00:34:47,559 --> 00:34:52,519 numbers out of China for months the show that they're they're slowing, their real 453 00:34:52,639 --> 00:34:58,840 estate bubble is bursting, their youth unemployment is so high they won't even report 454 00:34:58,920 --> 00:35:02,159 it anymore. That's a country in a lot of trouble. And yes, 455 00:35:02,239 --> 00:35:07,480 the most recent number that came out on Friday, Todd was better than expected, 456 00:35:07,679 --> 00:35:10,079 But that's kind of a one off. It's been the trend has been 457 00:35:10,920 --> 00:35:15,760 disappointing news after disappointing news. It's true, but I mean you got to 458 00:35:15,800 --> 00:35:19,760 think if you're a consumer in China that has not spend anything really over the 459 00:35:19,840 --> 00:35:22,719 last two years. I mean, your your balance sheet can't be looking that 460 00:35:22,719 --> 00:35:27,199 bad. Three years they shut it down SOW three years. I mean, 461 00:35:27,239 --> 00:35:30,159 how are they going to haven't been making money either. I mean I can 462 00:35:30,239 --> 00:35:32,960 understand that. It's it's a controlled environment. It's a bubble. Yeah, 463 00:35:32,960 --> 00:35:37,519 okay, you make too much money, then then the China becomes your partner. 464 00:35:37,599 --> 00:35:39,719 You don't make enough money, they give you food, housing, an 465 00:35:39,719 --> 00:35:43,280 one you have to work for two dollars an hour. I mean, it's 466 00:35:43,400 --> 00:35:49,880 it's it's not just look at Ali, what was it Ali Baba Emma, 467 00:35:50,079 --> 00:35:52,960 you don't even see him anymore, and he decided just to take the vacation 468 00:35:53,000 --> 00:35:57,440 of a lifetime. We'll be right back. Is the Money Matter Show. 469 00:35:57,760 --> 00:36:08,840 It's welcome back, everybody. This is the Money Matters Show, all right. 470 00:36:08,880 --> 00:36:12,519 So we're in a situation with the markets and We're talking a lot about 471 00:36:12,519 --> 00:36:15,880 the markets today, down for the month but up for the year. But 472 00:36:15,920 --> 00:36:17,480 the overall portfolios on there, what do you do? How do you really 473 00:36:17,519 --> 00:36:22,920 allocate the portfolio today? All right, because we keep getting that question and 474 00:36:22,039 --> 00:36:24,760 we get new people all the time coming in. We go through the financial 475 00:36:24,800 --> 00:36:29,280 planning part. We go through all that stuff and I'll let Todd and Dylan 476 00:36:29,360 --> 00:36:31,000 explain what we actually do that. But at the end of the day, 477 00:36:31,079 --> 00:36:35,320 once we know the risk tolerance and what's going on, we make a decisions. 478 00:36:36,440 --> 00:36:38,719 The best part today is fixed income side. You can get five percent 479 00:36:39,000 --> 00:36:44,760 in short term fixed income. It's been decades since, not decades, but 480 00:36:45,000 --> 00:36:49,039 at least fourteen years since we've been able to get that. Yeah, the 481 00:36:50,119 --> 00:36:52,400 government bonds I usually played nothing. I mean, corporate bonds pay five percent 482 00:36:52,840 --> 00:36:58,760 in the last few years. But be let be not good stuff in the 483 00:36:58,840 --> 00:37:01,079 last ten year. Yeah, ten years maybe now they haven't, Dylan. 484 00:37:01,159 --> 00:37:06,159 It's just the ones that have triple be things like that. You know, 485 00:37:06,360 --> 00:37:08,599 uh, some other bonds you do that. That's why everyone would stretch in 486 00:37:08,679 --> 00:37:13,039 for income. They were buying stuff like at and T and varies are getting 487 00:37:13,039 --> 00:37:15,920 the dividends while nothing was there but on money markets now we're paying over five 488 00:37:15,960 --> 00:37:20,880 percent. So while we're waiting for opportunities, you're making some money which we 489 00:37:20,880 --> 00:37:23,920 weren't able to do. Now. Our strategic income model it's so easy to 490 00:37:23,960 --> 00:37:28,119 put together today. All right, if someone just wanting, you know, 491 00:37:28,280 --> 00:37:30,280 was willing to just take what you're supposed to, which is about five percent, 492 00:37:30,719 --> 00:37:35,199 and and make that another pension. See, we don't have pensions today. 493 00:37:35,239 --> 00:37:37,840 That's how I developed a sim model, strategic income model. You take 494 00:37:37,880 --> 00:37:40,679 the money and then you give them a check every month in their in their 495 00:37:43,280 --> 00:37:45,280 and their mailbox. It's like it's a more liquid version of a pension because 496 00:37:45,320 --> 00:37:47,079 at the end of the day, you still have access to all of your 497 00:37:47,119 --> 00:37:51,320 money that's in there. But we build a pension off of what your money 498 00:37:51,400 --> 00:37:52,480 is in there, and then we do that. They're buying bonds and a 499 00:37:52,519 --> 00:37:55,920 little bit of growth and value stocks and value ets. And the best part, 500 00:37:55,960 --> 00:38:00,360 you don't have to make a decision. Is there two sets of income? 501 00:38:00,719 --> 00:38:02,559 Is it do I get all the income now and if I die then 502 00:38:02,559 --> 00:38:06,840 nothing's like for my spouse or do I do the two time? No, 503 00:38:07,280 --> 00:38:10,360 this is the income you get for everybody, doesn't matter how long that will 504 00:38:10,400 --> 00:38:14,800 you live. Do you adjust the portfolios if you're willing to take that, 505 00:38:14,880 --> 00:38:16,920 if you can want to lock it up and get a guaranteed, then you 506 00:38:17,000 --> 00:38:20,800 do an annuity. But then you're locking it up, but they'll pay you 507 00:38:20,840 --> 00:38:22,320 the rest of your life on that too. But then you got to talk 508 00:38:22,320 --> 00:38:28,800 about first and second. But there's combinations of things that do very important to 509 00:38:28,920 --> 00:38:34,639 know you can get income in retirement now absolutely. Maybe we're talking about about 510 00:38:34,679 --> 00:38:38,440 allocations and if they've got a balanced account, typical balanced account sixty percent equities, 511 00:38:38,480 --> 00:38:44,320 forty percent fixed income. Let's say you have thirty percent of that portfolio 512 00:38:44,719 --> 00:38:47,760 in value stocks, dividends paying stocks, Those are down for the year. 513 00:38:49,280 --> 00:38:52,000 Those are down for the year with the S and P five hundred sixteen percent, 514 00:38:52,159 --> 00:38:55,719 especially if you use the two that's paying the best evidence, Yeah, 515 00:38:55,960 --> 00:39:00,840 Verizon at and T right, and those are in a bunch to the ETFs 516 00:39:00,960 --> 00:39:05,440 and so at that area is down for the year. Bonds yet forty percent 517 00:39:05,480 --> 00:39:07,920 in bonds, those are unchanged on the year. Even if you've got treasuries 518 00:39:07,960 --> 00:39:12,880 paying five percent interest rates have risen, they've dropped about two and a half 519 00:39:12,880 --> 00:39:16,239 percent in value, so you've made nothing there. The thirty percent of the 520 00:39:16,280 --> 00:39:21,360 remaining thirty percent you would probably have in growth and dan. If you look 521 00:39:21,360 --> 00:39:24,199 at the equal weighted SMP five hundred, which is where you would put growth 522 00:39:24,320 --> 00:39:29,800 money, for the most part, you're up about six percent. So if 523 00:39:29,800 --> 00:39:32,840 you're paying a one percent management fee in that sixty forty account, you are 524 00:39:32,920 --> 00:39:38,079 actually losing money this year with the SMP five hundred up almost seventeen percent. 525 00:39:38,320 --> 00:39:43,239 So obviously we've got some exposure to some of those stocks that are in the 526 00:39:43,320 --> 00:39:46,760 SMP, and our model keeps us involved in that our accounts balanced accounts are 527 00:39:46,760 --> 00:39:51,400 for the most part of about seven eight percent. It depends, you know, 528 00:39:51,760 --> 00:39:54,039 we never really talk about the way to return because people come in at 529 00:39:54,079 --> 00:39:58,639 different times. Oh absolutely, people have different needs, different things. People 530 00:39:58,719 --> 00:40:01,039 have health problems they need to pull out. They have a kitchen flaw that 531 00:40:01,079 --> 00:40:04,159 needs to be done. They have a hole in their roof that they need 532 00:40:04,199 --> 00:40:07,440 to get done that they don't plan on, so that takes money out all 533 00:40:07,480 --> 00:40:08,519 of a sudden. They get some money and they put it back in, 534 00:40:08,599 --> 00:40:12,599 and that doesn't get put the work right away, or it's earning some money 535 00:40:12,599 --> 00:40:15,880 now at least in five percent. The reason when you're dealing with individuals, 536 00:40:16,119 --> 00:40:20,960 you can't just say this is what everything does. What you do say is 537 00:40:20,960 --> 00:40:24,719 okay, your part of growth you should be up somewhere around fifteen percent. 538 00:40:24,800 --> 00:40:29,960 The more of your growth part, not your portfolio, your bond should be 539 00:40:30,000 --> 00:40:34,400 even your value stocks probably down a little bit, you know what I mean. 540 00:40:34,559 --> 00:40:36,760 If you dissect it, that's it. But at the end of the 541 00:40:36,800 --> 00:40:40,280 day, what we're doing by doing the financial plan and figuring out your it's 542 00:40:40,320 --> 00:40:45,599 tolerance and putting together whatever income you need and you and there for the long 543 00:40:45,679 --> 00:40:50,559 haul. It's about being conservative of growing your money when we can, keeping 544 00:40:50,599 --> 00:40:53,159 what we can, and making sure that you don't have that stress. Some 545 00:40:53,199 --> 00:40:59,800 people might have heard Dave say the treasuries are down this year. It realized 546 00:40:59,840 --> 00:41:04,719 that that's down meaning unrealized. Okay, so you'll never actually realize a loss 547 00:41:04,760 --> 00:41:07,119 if you hold them a treasury to maturity and ours are all two three year 548 00:41:07,320 --> 00:41:12,280 a maturity, so you're going to get all of your money back plus interest. 549 00:41:12,440 --> 00:41:14,960 Well, even with treasures, you also have one year as well, 550 00:41:15,360 --> 00:41:19,440 So just keep in mind that yes, on a statement you may see one 551 00:41:19,480 --> 00:41:22,800 monthly or a couple monthly statements show that it's down, but that's an unrealized 552 00:41:22,920 --> 00:41:27,320 loss. As long as you continue to hold, you will continue to receive 553 00:41:27,320 --> 00:41:30,880 those cupon payments, which will eat into that loss. And then eventually, 554 00:41:30,880 --> 00:41:34,360 once you return the whole premium back, it's going to be really lucrative. 555 00:41:34,679 --> 00:41:37,239 So that's kind of how it works. Usually a lot of that interest is 556 00:41:37,239 --> 00:41:39,960 on the back end of the treasury. Let's talk about something that's important in 557 00:41:40,000 --> 00:41:45,159 Tucson, Arizona to a lot of people, and that's Raytheon stock. Yeah, 558 00:41:45,199 --> 00:41:50,519 on July twenty fifth, that stock drop fifteen percent on news there Pratt 559 00:41:50,559 --> 00:41:54,559 and Whitney Engine had a rare manufacturing flaw. Generally, when a stock drops 560 00:41:54,679 --> 00:41:59,639 like that, there is more downside to come. We suggested that at that 561 00:41:59,679 --> 00:42:04,280 time that that is probably not the bottom. Don't be loading up here. 562 00:42:04,480 --> 00:42:07,119 If you wanted to stick your toe in you probably could. I think it 563 00:42:07,199 --> 00:42:13,400 was what eighty three eighty Yeah, this week it drove. They said they're 564 00:42:13,400 --> 00:42:16,440 gonna take a three billion dollar charge. Initially it looked like a five hundred 565 00:42:16,519 --> 00:42:22,360 million dollar problem. Now they're gonna take a three billion dollar charge and they're 566 00:42:22,360 --> 00:42:28,280 gonna be taking planes out of service until the middle of twenty twenty six to 567 00:42:28,440 --> 00:42:34,000 repair this unusual manufacturing flaw. So down it came again. I think it 568 00:42:34,079 --> 00:42:37,079 hit seventy two, seventy three dollars. We're getting close to a wash out 569 00:42:37,119 --> 00:42:40,239 load anything you think so, I mean, it reminds me of Boeing going 570 00:42:40,280 --> 00:42:43,719 through the ponds with the planes. I mean, they're all attached to the 571 00:42:43,719 --> 00:42:45,719 thing. I mean, we're not gonna raithing on. It's not going to 572 00:42:45,760 --> 00:42:49,960 stop making missiles. Okay, they're not going to stop being doing it. 573 00:42:50,079 --> 00:42:52,440 Things right, downs and earnings, it's all part of the game. It's 574 00:42:52,480 --> 00:42:57,079 all tax situations, so they don't have to pay taxes when they don't when 575 00:42:57,079 --> 00:42:59,880 they're not doing it. But again, what it's gonna happen if you take 576 00:42:59,880 --> 00:43:02,079 it those charges and you're losing money at rating on what happens all right, 577 00:43:02,960 --> 00:43:07,679 You're not getting raises. It's hard to get those races. It's hard to 578 00:43:07,719 --> 00:43:10,360 get the increases. And this is what this what's what gets me, and 579 00:43:10,400 --> 00:43:15,440 this is what bothers me about what's happening with the with the the UAW. 580 00:43:15,719 --> 00:43:20,039 A few years ago they were losing money, not doing great. Now that 581 00:43:20,119 --> 00:43:23,079 now they're now they're doing well because obviously to pent up demand for cause they've 582 00:43:23,079 --> 00:43:28,159 been able to write raise prices because there wasn't as many cause blah blah blah 583 00:43:28,159 --> 00:43:30,679 all the way. Right now they all want forty percent raises, Dave. 584 00:43:31,639 --> 00:43:36,280 If something happens we have a recession, these people are gonna be out of 585 00:43:36,280 --> 00:43:39,239 work. They want not only forty percent raises, they want five weeks of 586 00:43:39,239 --> 00:43:45,280 paid vacation, they want seventeen holidays during the I mean, it's just extremely 587 00:43:45,320 --> 00:43:49,079 unrealistic demands. And I'm thinking maybe some of that to get you know, 588 00:43:49,119 --> 00:43:51,920 if you ask for the movie, you get, you get some stars, 589 00:43:51,920 --> 00:43:53,760 you know. But the interesting part to me, I'm starting to rip. 590 00:43:53,800 --> 00:43:58,159 But the interesting part, to me, the fascinating part is there only thirteen 591 00:43:58,199 --> 00:44:02,559 thousand workers on strike out of one hundred and forty five thousand. But what 592 00:44:02,559 --> 00:44:07,119 they're doing is a surgically trying to shut down the biggest plans for each company. 593 00:44:07,199 --> 00:44:10,320 But they're not they're not right, but they're not disrupting. Oh it's 594 00:44:10,320 --> 00:44:14,440 not just Detroit, wint to Detroit. Yeah, it's not just that, 595 00:44:14,559 --> 00:44:19,000 but but it's they went after the FE fifty, that factory, they went 596 00:44:19,039 --> 00:44:22,039 after the jeep, they went after the I forgot in the GM it was 597 00:44:22,039 --> 00:44:24,599 there, trucks or something, thirteen thousand out of one hundred and forty five 598 00:44:24,639 --> 00:44:27,800 thousand, right, well, he can't. They'll keep doing well, you 599 00:44:27,800 --> 00:44:30,159 know why they don't have enough money in the strike fund. Day, it's 600 00:44:30,159 --> 00:44:31,800 probably okay. They don't have enough money in the strike fund, and they're 601 00:44:31,800 --> 00:44:35,760 not going to tell you that it's terrible. I remember when the phone company 602 00:44:35,760 --> 00:44:37,599 at and T used to go on strike and my dad worked for him. 603 00:44:37,599 --> 00:44:42,000 He hated it. They said they never asked him ever if he wanted to 604 00:44:42,000 --> 00:44:44,400 go on strike or not. How is he going to make the money to 605 00:44:44,400 --> 00:44:46,800 go pay for food and everything else? And they never gave enough money to 606 00:44:46,840 --> 00:44:51,440 pay for everything. So you're saying that the UAW pays these people that are 607 00:44:51,480 --> 00:44:52,880 out of work to kind of get him through. They're paying three to five 608 00:44:52,960 --> 00:44:55,760 hundred dollars a week, yeah, and they don't have enough money to cover. 609 00:44:55,880 --> 00:45:00,440 Can you apply for unemployment insurance if you go on strike because it's voluntary, 610 00:45:00,519 --> 00:45:04,079 right, don't? Right? I don't believe you can now if they 611 00:45:04,119 --> 00:45:06,920 if you get laid off, the cause it right, So if the strike 612 00:45:06,960 --> 00:45:08,519 fund runs out, I think they might be able to do that, but 613 00:45:08,880 --> 00:45:12,119 no, I don't think so. I think you're going strike. You don't. 614 00:45:12,159 --> 00:45:15,320 You don't get any assistance except with this president who knows what's going to 615 00:45:15,400 --> 00:45:19,760 happen. They're already looking at give an assistance to uh, the companies that 616 00:45:19,880 --> 00:45:22,920 the supply companies, okably have so much extra money, right, Well, 617 00:45:22,920 --> 00:45:27,519 it's not their faulted, yes it is, it's everyone's fault. Okay, 618 00:45:27,679 --> 00:45:30,639 this is what happens, all right. So then they say, fine, 619 00:45:30,679 --> 00:45:32,360 if that's what you want, we're gonna charge you more when you come back. 620 00:45:32,639 --> 00:45:36,920 Make GM pay for these make fault you know what I mean. If 621 00:45:36,920 --> 00:45:40,920 that's what they want, it's just not to me make sense. They all 622 00:45:40,960 --> 00:45:45,000 saw getting these used raises. All cars are going to go up by ten 623 00:45:45,039 --> 00:45:49,320 percent, then we can't pay for them. Imagine cars going up ten percent 624 00:45:49,360 --> 00:45:52,400 are already cost as much as my first house. And you know, Ford 625 00:45:52,480 --> 00:45:54,320 offered like a twenty percent raising. Way it is Yep, they did, 626 00:45:54,679 --> 00:45:58,920 and they would probably pretty it's pretty big though, Well look how big the 627 00:45:59,199 --> 00:46:04,960 airline pilot Scott right, they got a huge race yea forty or fifty percent 628 00:46:05,000 --> 00:46:07,559 over a thirty five year or something like that. Yeah, I can almost 629 00:46:07,599 --> 00:46:09,880 handle part of that, because that is a job that you have to have 630 00:46:09,920 --> 00:46:13,480 a lot of training, a lot of time, a lot of effort, 631 00:46:13,559 --> 00:46:15,440 a lot of learning, a lot of education to be at all right. 632 00:46:15,639 --> 00:46:19,440 You don't have a lot of those people hanging around they want to do that 633 00:46:21,159 --> 00:46:23,519 assembling stuff at the plant. You can find the people to do it. 634 00:46:23,639 --> 00:46:27,039 Well, they're gonna get the butts kicked out of there and gets what's gonna 635 00:46:27,079 --> 00:46:30,159 happen. They're gonna get ai in there. I wonder if this isn't just 636 00:46:30,440 --> 00:46:35,079 like a salvo that the Union threw up there and it's just to kind of 637 00:46:35,079 --> 00:46:37,159 get this thing settled. It just feels like it's going to settle pretty quickly. 638 00:46:37,280 --> 00:46:39,639 I don't think some stocks are acting like it's gonna say. I mean, 639 00:46:39,679 --> 00:46:42,599 if I'm for it, I'm just like, how quick can I open 640 00:46:42,679 --> 00:46:45,960 up a Mexico plant? Yeah? You know, well that's exactly what they're 641 00:46:45,960 --> 00:46:49,599 gonna start thinking. You keep this up, we'll move into Mexico, which 642 00:46:49,639 --> 00:46:52,239 hope, by the way, it's only five dollars an hour, and they'll 643 00:46:52,280 --> 00:46:54,119 be happy as hell to go get that money. Oh yeah, happy to 644 00:46:54,159 --> 00:46:58,400 have the work. But it does it does feel like it's I don't know 645 00:46:59,000 --> 00:47:01,280 that stocks are acting like it's not a big deal because it's not a big 646 00:47:01,320 --> 00:47:07,079 deal because until they know they're gonna make up the money by selling the cause 647 00:47:07,079 --> 00:47:09,039 they still have inventory there. If it lasts week or four months, it's 648 00:47:09,039 --> 00:47:12,480 a big deal. Probably the reason it's not so much a big deal, 649 00:47:12,480 --> 00:47:15,519 it's to your point, Davi, that there's not really only around ten percent 650 00:47:15,880 --> 00:47:17,000 of the workers and I think it's gonna be sure. I think maybe the 651 00:47:17,159 --> 00:47:21,519 shareholders thought there was going to be a larger amount that actually go on a 652 00:47:21,519 --> 00:47:23,559 full week plus deal. But you know, the importance of the F one 653 00:47:23,599 --> 00:47:27,840 fifty to for it can't be understated. I mean, it's the best selling 654 00:47:27,920 --> 00:47:30,559 vehicle in the US for forty plus years. It's the best selling truck for 655 00:47:30,559 --> 00:47:35,320 almost fifty. The only way, the only way this gets settled fast is 656 00:47:35,320 --> 00:47:37,920 if the union actually has in the mind under thirty and they can get us 657 00:47:37,920 --> 00:47:42,239 somewhere around twenty seven. I agree, all right, we'll be right back. 658 00:47:42,280 --> 00:47:44,639 This is the money by the show. We do appreciate you listening. 659 00:47:44,960 --> 00:48:01,599 Thank you say it's only a bab Welcome back everybody. This is the second 660 00:48:01,599 --> 00:48:06,760 hour with the money amount of show. Remember if you wanted to listen to 661 00:48:06,800 --> 00:48:09,360 past shows or TV shows or whatever. All do you got to do is 662 00:48:09,400 --> 00:48:12,920 go to our website, go to the YouTube page. It has all the 663 00:48:13,000 --> 00:48:16,800 shows on all of podcasts on, all the TV shows on Pick Choose. 664 00:48:17,360 --> 00:48:22,159 It's real simple. Not only that, we just got the new Saturday radio 665 00:48:22,199 --> 00:48:25,079 shows uploaded. So if you tune in, uh, they've already been aired 666 00:48:25,079 --> 00:48:30,840 because this is Sunday, but six thirty on Saturday's twelve and twelve thirty on 667 00:48:30,960 --> 00:48:32,960 K and ST, you'll hear our new radio shows. There's those are our 668 00:48:34,079 --> 00:48:37,559 audio from our new TV shows we just aired. We're gonna start airing those 669 00:48:37,559 --> 00:48:43,440 coming up here soon tonight at ten thirty tonight at right, is it tonight? 670 00:48:43,480 --> 00:48:45,480 But no, it's not on this week. No, No, it's 671 00:48:45,480 --> 00:48:49,119 not on tonight. It's gonna start I think the beginning of October. Beginning 672 00:48:49,119 --> 00:48:52,119 October's what we're looking at. So, but again, you can get thirty 673 00:48:52,119 --> 00:48:54,599 on T four right. Yeah, we have already started uploading the first TV 674 00:48:54,679 --> 00:48:59,639 show on YouTube, and we're gonna kind of do it one per week, 675 00:49:00,599 --> 00:49:02,760 So if you can go to our YouTube you'll see that there anytime. But 676 00:49:02,960 --> 00:49:07,639 the radio shows are a great way to get more of educational content around financial 677 00:49:07,639 --> 00:49:13,280 planning. And we also have a really exciting announcement for federal employees. We've 678 00:49:13,280 --> 00:49:20,480 gotten a new how would Retirement software where we're actually able to do a gap 679 00:49:20,519 --> 00:49:25,519 analysis on a federal employees pension and then their income gaps, so with the 680 00:49:25,519 --> 00:49:30,039 TSP that they have, the federal pension and then as well as Social Security 681 00:49:30,360 --> 00:49:34,920 seeing if there's any gap in that in that place, how do we close 682 00:49:34,960 --> 00:49:37,400 that gap. We're also able to calculate the exact pension that they should be 683 00:49:37,440 --> 00:49:43,000 getting that benefits if they're survivor benefits. So there's so many different things that 684 00:49:43,079 --> 00:49:47,440 go into a federal employees benefits and we're able to actually show in detail every 685 00:49:47,440 --> 00:49:50,679 single one of those. Yeah, it's a great tool that we just got. 686 00:49:50,719 --> 00:49:53,559 We've been using different things in the past few years and this one's brand 687 00:49:53,559 --> 00:49:57,480 new and it's actually very beneficial from what we've been seeing, and it can 688 00:49:57,760 --> 00:50:01,559 it's more hands on detail like what it actually does that the other Wooden didn't 689 00:50:01,599 --> 00:50:05,000 do the gap well, we never did it on our own before. We're 690 00:50:05,039 --> 00:50:07,880 doing it on our own now and we went through all the whole program of 691 00:50:07,920 --> 00:50:09,400 how to do all this on our own, so now we know more the 692 00:50:09,440 --> 00:50:13,880 ins and outs of it, rather than in a sense sending it off and 693 00:50:13,920 --> 00:50:16,559 bringing the report back that would project your pension. Now we can project a 694 00:50:16,639 --> 00:50:21,039 pension for you, so we can do it all together in the meeting, 695 00:50:21,079 --> 00:50:23,000 and we can do different scenarios. Say you work longer, say you don't 696 00:50:23,039 --> 00:50:27,639 all this different stuff. We can get a report made right then and there, 697 00:50:28,119 --> 00:50:30,000 and I'll show you everything. Doesn't matter how much time you have to 698 00:50:30,119 --> 00:50:34,880 retirement to be able to project the pension. No, No, it's based 699 00:50:34,880 --> 00:50:37,880 on work hours and projections like that. And it will actually it will project 700 00:50:37,960 --> 00:50:43,400 out a salary increase raised through the years if you're ten, fifteen, twenty 701 00:50:43,440 --> 00:50:45,079 years out from retirement. So you'll be able to get a projection of what 702 00:50:45,159 --> 00:50:49,840 your pension would look like at retirement. Obviously it's changing because it's not gonna 703 00:50:49,840 --> 00:50:52,559 be able to predict whether you get a huge increase one year different. It's 704 00:50:52,679 --> 00:50:57,119 also able to predict e Fegley the insurance, yes, and how much that's 705 00:50:57,159 --> 00:51:00,239 going to go up and stuff that's important because people don't realize that one and 706 00:51:00,519 --> 00:51:02,920 and what you mean by that is that Fegley's premiums just skyrocket once you're in 707 00:51:02,920 --> 00:51:07,719 retirement. They're pretty good during during your service, but once you retire, 708 00:51:07,719 --> 00:51:12,159 the skyrocket because I can finally get you for being older. And a lot 709 00:51:12,199 --> 00:51:14,840 of people that we've dealt with just get rid of Fegley. They don't need 710 00:51:14,880 --> 00:51:16,880 it, and necessarily a lot of them don't even need life insurance in general. 711 00:51:17,440 --> 00:51:21,639 But if they do, we look for different avenues rather than Fegley because 712 00:51:21,639 --> 00:51:25,400 it's just astronaumic triple. Sometimes it also shows the breakdown of the federal employee 713 00:51:25,440 --> 00:51:30,079 health benefit costs as well, which is kind of like the federal employees versions 714 00:51:30,079 --> 00:51:36,039 of their Medicare advantage on top of the Mediccare WHI that we've dealt with have 715 00:51:36,239 --> 00:51:39,559 kept their Ah, yeah, it's a great federal employee. Simply tell me 716 00:51:39,639 --> 00:51:45,159 what the process is. I've got three years, five years to go before 717 00:51:45,159 --> 00:51:47,400 I retire you or one year, it doesn't matter, yes, So essentially 718 00:51:47,639 --> 00:51:52,440 the first step is to get the SF fifty form. That's will put exactly 719 00:51:52,480 --> 00:51:58,360 what the well, if you let me talk us, it's a it shows 720 00:51:58,519 --> 00:52:02,440 your current pay right your base pay, as well as your your compute your 721 00:52:02,519 --> 00:52:07,559 service computation date, so that's the date that you started service with the federal 722 00:52:07,639 --> 00:52:10,599 civilian side, when you have those two figures, you're able to thenk calculate 723 00:52:10,880 --> 00:52:15,480 what the pension should look like at retirement. You're actually able to also look 724 00:52:15,559 --> 00:52:16,960 like, what does the pension look like if I retired at sixty two, 725 00:52:17,119 --> 00:52:22,079 sixty five, sixty Obviously, we're also able to project out the Special Employee 726 00:52:22,079 --> 00:52:29,039 Retirement Supplement, which is the pension that is awarded to federal employees for the 727 00:52:29,079 --> 00:52:32,679 period between fifty seven and sixty two before Social Security kicks in. So there's 728 00:52:32,679 --> 00:52:37,639 a lot of different moving parts, but just with that SF fifty form, 729 00:52:37,639 --> 00:52:40,400 that's really all will need. And then after that we're able to put in 730 00:52:40,440 --> 00:52:45,280 all the computation from there and project out where where would what would it would 731 00:52:45,280 --> 00:52:47,199 look like? Yeah, and that's how we find your pension. And then 732 00:52:47,199 --> 00:52:52,519 we use that information and put it into our holistic financial plan that will take 733 00:52:52,559 --> 00:52:59,599 into account your Social Security, your TSP, your spouses Form k TSP if 734 00:52:59,599 --> 00:53:01,039 they are too, and we can take in account all that and then it'll 735 00:53:01,079 --> 00:53:05,880 show your pension that's added into that give you more of a holistic picture of 736 00:53:05,880 --> 00:53:09,320 what your financial plan could look like during retirement, to see if you need 737 00:53:09,360 --> 00:53:15,519 any gap, if you need any gap filled in between expenses and income during 738 00:53:15,559 --> 00:53:17,480 retirement. You can also look at what does it look like if I'm taking 739 00:53:17,679 --> 00:53:23,840 a full pension versus a fifty percent survivors survivor benefit, Because when you do 740 00:53:23,880 --> 00:53:30,519 a survivor benefit, you're reducing your your pension benefit per month. Some people 741 00:53:30,559 --> 00:53:34,960 don't want to do that, but you can instead of having the insurance with 742 00:53:35,000 --> 00:53:37,920 the survivor benefit, you can get a term insurance and then use the maximum 743 00:53:37,920 --> 00:53:43,880 pension. So there's a lot of different pension maximization strategies you can look into, 744 00:53:44,000 --> 00:53:46,440 and this software actually is able to show us whether it's going to be 745 00:53:46,519 --> 00:53:52,800 valuable or not. Yeah, it's a great tool. So all this stuff 746 00:53:52,079 --> 00:53:55,920 that we're doing as complimentary. So if your federal employee and you're just thinking 747 00:53:55,920 --> 00:53:59,800 about retirement or you're getting closer retirement, just give us a call and we 748 00:53:59,800 --> 00:54:02,239 can over all this in detail and in person. Yeah, we're working on 749 00:54:02,280 --> 00:54:09,519 a workshop for a more communitywide seminar really explaining what it's all about. But 750 00:54:09,800 --> 00:54:14,199 if you're an individual who don't want to wait until December, that's when the 751 00:54:14,239 --> 00:54:17,400 seminar we're kind of trying to look for, call in and we'll have all 752 00:54:17,480 --> 00:54:21,400 we have all the things we need to do right now, so we're ready 753 00:54:21,400 --> 00:54:22,719 to go for it. And it's not it's not something that you guys are 754 00:54:22,719 --> 00:54:27,360 doing to get names and addresses so you can hound these people until they become 755 00:54:27,480 --> 00:54:30,639 clients, right. I mean, it really is a service, and if 756 00:54:30,679 --> 00:54:34,159 you become a client as a result of that, that's wonderful. But it's 757 00:54:34,199 --> 00:54:37,760 something that we're doing as a community service to federal employees. They're retiring federal 758 00:54:37,760 --> 00:54:42,639 employes, most federal employees. We're just educating them about their options and they're 759 00:54:42,679 --> 00:54:45,159 not close to retirement, so it's one, two, three years before we 760 00:54:45,199 --> 00:54:49,840 get well and especially during the seminar Toddles talking about in December. It's an 761 00:54:49,960 --> 00:54:53,400 educational seminar. And then if you're interested in doing the financial plan or find 762 00:54:53,440 --> 00:54:58,280 out your pension projections afterwards, and that's when we could talk. We're not 763 00:54:58,280 --> 00:55:00,039 going to sit there and make you come talk to us because he went to 764 00:55:00,079 --> 00:55:04,239 the seminar. But you're not opening the door. You're not opening the door 765 00:55:04,320 --> 00:55:07,000 that you're never going to be able to close, like when you make a 766 00:55:07,000 --> 00:55:12,559 political contribution, right exactly, that's only if you're interested, if you show 767 00:55:12,599 --> 00:55:15,000 it. I don't think we summarized the market at the top of the hour 768 00:55:15,079 --> 00:55:19,519 there which do you want to summariz? Sure? Go ahead, it's oh 769 00:55:19,559 --> 00:55:21,280 you don't want to do it, Sure, I'll be happy to do It 770 00:55:21,320 --> 00:55:23,880 was a very quiet week in the market. The Dow ended up gaining just 771 00:55:24,039 --> 00:55:30,159 forty two points. SMP five hundred was down seven points, down fifty three 772 00:55:30,199 --> 00:55:31,800 points, so all at all, pretty quiet. Although it was a ball 773 00:55:31,880 --> 00:55:36,239 it's a week. There was a big upday on Tuesday, I believe it 774 00:55:36,280 --> 00:55:40,280 wasn't a big down day on Friday. A lot of different forces pulling against 775 00:55:40,360 --> 00:55:46,719 the market. Quite a movement Tesla this week. Early in the week was 776 00:55:47,000 --> 00:55:51,360 Monday, I believe it was Morgan Stanley upgrade that the stock to a buy 777 00:55:51,679 --> 00:55:53,840 stock jumped ten percent. Uh you know, and you say, well, 778 00:55:53,880 --> 00:55:59,119 gosh, Tesla's got a high pe it's got increasing competition. They're having to 779 00:55:59,199 --> 00:56:02,880 keep a lowerings. You know, why would why would Morgan Stanley decide that 780 00:56:02,960 --> 00:56:07,360 this is a time to upgrade the stock. They think the charging station business 781 00:56:08,039 --> 00:56:14,440 could be worth as much as one hundred billion dollars and Tesla's Tesla is in 782 00:56:14,519 --> 00:56:16,559 charge of that right now, in charge of the charging stations. Yeah, 783 00:56:16,599 --> 00:56:20,480 and you know who's not in charge of the charging stations. It's charge Point, 784 00:56:20,519 --> 00:56:23,880 charge Point charge Point of stock that we've we've followed. We don't have 785 00:56:23,920 --> 00:56:29,679 a lot of but we've followed it. They're the largest charging station company company 786 00:56:29,719 --> 00:56:34,599 in the country. They have sixty thousand charging stations. I believe in Tesla 787 00:56:34,639 --> 00:56:39,679 has fifty thousand charging stations, but go ahead the sixty thousand that charge Point 788 00:56:39,679 --> 00:56:44,440 has their level three, their level two, oh, level two, Level 789 00:56:44,480 --> 00:56:49,639 two. Level two is fine if for hotels and the level three is what 790 00:56:49,760 --> 00:56:52,400 you really want. Eleven three, which one if you're out on the road 791 00:56:52,519 --> 00:56:58,880 traveling from that's that's what Tesla has actually lucrative and out of sixty thousand charging 792 00:56:58,920 --> 00:57:06,280 stations, charge charge Point has sixteen hundred Level three. Yeah, and if 793 00:57:06,320 --> 00:57:08,679 you're out travel at level two chargers are the ones you use at home. 794 00:57:09,119 --> 00:57:13,519 There's the ones that would be in a hotel parking lot where you're stopping overnight. 795 00:57:13,559 --> 00:57:16,440 They're the ones that would be at a hospital where for employees, maybe 796 00:57:17,159 --> 00:57:21,320 maybe out of Raytheon. I'm imagine Raytheon's probably got a bunch of level two 797 00:57:21,400 --> 00:57:25,239 chargers out there. How long does the chargers last? That's their life the 798 00:57:25,599 --> 00:57:29,400 I have no idea, and I don't know the Teslaly even knows at that 799 00:57:29,519 --> 00:57:34,000 point. But a level two charger takes we'll get you about forty miles of 800 00:57:34,119 --> 00:57:37,280 charge per hour. Because there's got to be about five years that we're gonna 801 00:57:37,280 --> 00:57:42,639 have a level four, right, there's something. There's different level threes. 802 00:57:42,719 --> 00:57:46,119 Also, a lot Cantata has a seventy five kilowat because though there's the one, 803 00:57:46,119 --> 00:57:50,519 they've been around about ten years, they've got seventy five kilowat. So 804 00:57:50,559 --> 00:57:52,840 I think it becomes the case that they're just they're just more and more. 805 00:57:52,920 --> 00:57:58,639 Yeah, sot out at Aina and uh uh no Orange Grove. In the 806 00:57:58,639 --> 00:58:02,360 freeway, there's a bank of two fifty kill a lot chargers, which are 807 00:58:02,440 --> 00:58:06,639 nice. But then you go up to Elo. Eloy has a brand new 808 00:58:06,800 --> 00:58:10,199 Eloy of all places as a brand new bank up three fifty kill a lot 809 00:58:10,280 --> 00:58:15,199 chargers half of mine. You go up to Elo just to check out the 810 00:58:15,280 --> 00:58:20,239 three fifty chargers. Kind of interesting, but you know it. Testla controls 811 00:58:20,239 --> 00:58:23,440 that you got it home. You always have a level two. You won't 812 00:58:23,440 --> 00:58:27,760 have anything above a level two in your garage. Two things you can charge 813 00:58:27,800 --> 00:58:30,559 at home. One is a level one where you simply plug it into the 814 00:58:30,559 --> 00:58:36,360 wall. That takes about three days. Uh. Level two. I've programmed 815 00:58:36,360 --> 00:58:39,800 my car to charge overnight so when the electric rates are cheaper, so it 816 00:58:40,280 --> 00:58:44,159 has a ninety percent charge ready to go. That that, by the way, 817 00:58:44,280 --> 00:58:47,119 is a maximum charged for day to day use. If you're going to 818 00:58:47,159 --> 00:58:50,039 take a trip, you want to get to one hundred percent. But day 819 00:58:50,039 --> 00:58:52,519 to day use they say ninety percent. You can program it to charge up 820 00:58:52,519 --> 00:58:57,039 to ninety percent. It happens in the overnight hours. Every morning when I 821 00:58:57,039 --> 00:59:00,760 get in my car, I've got ninety percent charge. It was kind kind 822 00:59:00,800 --> 00:59:05,559 of having to although I do, I will say I'm still at QT four 823 00:59:05,639 --> 00:59:08,199 or five times a week. I can't. I can't break my QT have 824 00:59:08,360 --> 00:59:12,159 it. The interesting thing about the and I told you about QT, by 825 00:59:12,199 --> 00:59:15,360 the way, The interesting thing about F one fifty and the Fords that we 826 00:59:15,400 --> 00:59:20,599 talked about earlier is that the Ford is trying to incentivize the hybrid F one 827 00:59:20,719 --> 00:59:25,159 fifty more so because they're not getting the the sales out of the hybrid version 828 00:59:25,159 --> 00:59:29,400 of it as much, and they can't deliver the electric because they can't manufacture 829 00:59:29,559 --> 00:59:31,840 enough, so they're they're lowering the price on the hybrid f one fifty two 830 00:59:31,840 --> 00:59:36,719 thousand dollars to incentivize people. People don't think the hybrid would be better. 831 00:59:37,840 --> 00:59:40,280 I think most people do. Dean, I think that Todd never. Yeah, 832 00:59:40,280 --> 00:59:45,440 we looked at noon and we'll go ahead. Hybrid vehicle sales began in 833 00:59:45,519 --> 00:59:50,239 nineteen ninety nine. Hybrid vehicles captured three point two percent of the light vehicle 834 00:59:50,280 --> 00:59:53,039 market in twenty thirteen, and then five point five percent in twenty twenty one. 835 00:59:53,760 --> 00:59:58,199 All electric vehicles only accounted for three point two percent and twenty one, 836 00:59:58,280 --> 01:00:00,440 so there's about a two percent getting there. But I don't know. I 837 01:00:00,440 --> 01:00:02,960 mean, if you think about it, does it really make sense? I 838 01:00:02,960 --> 01:00:07,280 mean, there's all going electric, it doesn't, but they keep pushing it. 839 01:00:07,519 --> 01:00:10,440 Well, I just won't work. And not like you're showing, David, 840 01:00:10,519 --> 01:00:15,239 doesn't help that much. You're talking one hundred dollars a month. Maybe, 841 01:00:15,480 --> 01:00:17,400 yeah, it could cost wise. You know, there's a lot of 842 01:00:17,840 --> 01:00:22,400 fun things about it, but right now I have to classify it as an 843 01:00:22,559 --> 01:00:24,320 as an expensive toy. It's one hundred dollars a month cheaper, but it's 844 01:00:24,360 --> 01:00:27,880 also then you got to get the new car, you gotta get the charging 845 01:00:27,920 --> 01:00:30,880 station at your house. If you do all those expenses, that's more than 846 01:00:30,920 --> 01:00:32,800 it's going to be. That's at least a thousand bucks. That's at least 847 01:00:32,800 --> 01:00:37,440 a thousand bucks. And and uh agree, you don't exactly. Yeah, 848 01:00:37,440 --> 01:00:40,239 you don't have the maintenance that you have with a gas powered car. You 849 01:00:40,239 --> 01:00:43,760 know, the belts and hoses and all that stuff. You don't have that. 850 01:00:43,880 --> 01:00:45,960 So so that's a positive. But you don't have the range yet. 851 01:00:46,480 --> 01:00:51,400 So it's again, I'm not pro, I'm not con I'm just I'm in 852 01:00:51,440 --> 01:00:54,440 it for the experience and I'm getting a hell of an education. The inflation 853 01:00:54,519 --> 01:00:59,440 numbers came out, Dean a CPI jumped for the second time this year, 854 01:00:59,639 --> 01:01:02,679 right three point seven percent. I'm looking at a chart of the types of 855 01:01:02,760 --> 01:01:08,039 things that impacted it. Obviously gasoline was one of the things that impacted up 856 01:01:08,039 --> 01:01:14,800 ten point six percent month over month, But for the last twelve months, 857 01:01:15,039 --> 01:01:19,800 it's interesting to see that the big, the big, biggest increase is motor 858 01:01:19,880 --> 01:01:23,440 vehicle insurance. And we've had Anthony Figuro on here talking about that about how 859 01:01:24,079 --> 01:01:28,360 it's so much more costly to repair things, so much more costly to get 860 01:01:28,400 --> 01:01:32,760 parts. Nineteen percent increase in motor vehicle insurance. The biggest drop over the 861 01:01:32,800 --> 01:01:38,679 last twelve months. Airline fares. Airline fares over the last twelve months, 862 01:01:39,679 --> 01:01:43,840 which I thought was was surprising. DN you fly more than I do? 863 01:01:43,920 --> 01:01:45,599 For sure, I don't see him down that much, down thirteen percent over 864 01:01:45,639 --> 01:01:51,599 the last twelve months. Televisions I can see that down ten percent. TVs 865 01:01:51,639 --> 01:01:55,199 just keep getting cheaper and cheaper and cheaper. Utilities, gas and natural gas 866 01:01:55,239 --> 01:02:00,440 down sixteen percent over the last twelve Natural gas prices have clashed, which is 867 01:02:00,480 --> 01:02:06,599 probably good news if you were in Europe right with winter, with winter coming 868 01:02:06,719 --> 01:02:09,599 once again and uh and the war continuing to go on. It's just like, 869 01:02:10,719 --> 01:02:15,000 okay, all right, calendar for next week. We got the fat 870 01:02:15,079 --> 01:02:20,199 on Wednesday, we got the That's that's the big What they're gonna say, 871 01:02:20,519 --> 01:02:22,039 are they gonna you know, because then if they come and say they're raising 872 01:02:22,599 --> 01:02:27,239 I mean in February, in November, then guess what, Yeah, in 873 01:02:27,280 --> 01:02:30,840 October? Did you see what the ECB did this week? They raised it. 874 01:02:30,880 --> 01:02:34,039 But what they were really worried about was what Legard was going to say 875 01:02:34,039 --> 01:02:37,199 in her press conference, and she did say that this is kind of her 876 01:02:37,280 --> 01:02:39,880 last pause and less economic doubt, it goes really strong. She says she's 877 01:02:39,920 --> 01:02:45,159 seen economic becoming turning over a little bit, and she thinks it's the last 878 01:02:45,280 --> 01:02:47,920 one. So that was a that was a big statement from that. That 879 01:02:49,039 --> 01:02:52,079 was one. I mean, that's just the second. Yes, that's the 880 01:02:52,079 --> 01:02:57,719 biggest central bank other than exactly what Powell says. I mean, just want 881 01:02:57,719 --> 01:03:00,320 to say, if someone was talking the other day, we lead the world 882 01:03:00,920 --> 01:03:07,320 in economic policy. Yes, okay, Unfortunately we're not doing anything economic policy, 883 01:03:07,320 --> 01:03:12,119 accept monetary policy. Okay, that's it. Oh, we need them 884 01:03:12,159 --> 01:03:16,760 to do something. We need a politicians to do something, do something with 885 01:03:16,840 --> 01:03:20,960 the board, to do something with energy. They all they keep doing is 886 01:03:21,000 --> 01:03:24,440 shutting down energy and prices just keep rising. I mean they should we be 887 01:03:24,599 --> 01:03:29,559 imput porting oil. They are doing something, and they're just making themselves money 888 01:03:29,599 --> 01:03:32,440 by sending money to Ukraine so they get more. When there are those out 889 01:03:32,480 --> 01:03:37,039 there that would say that the money is being spent, there are those out 890 01:03:37,039 --> 01:03:38,960 there to stay that oil price is rising. Is a part of the plan, 891 01:03:39,119 --> 01:03:44,800 part of the strategic plan to force people into electric But how does that 892 01:03:44,960 --> 01:03:49,039 bring down inflation for the feed? Yeah, I mean you want to force 893 01:03:49,079 --> 01:03:52,199 people in the electure if they can't afford an electric car. Prices keep going 894 01:03:52,280 --> 01:03:53,280 up. Oh no, well not only that, Dylan, I don't know 895 01:03:53,360 --> 01:03:57,400 that the average person can even begin to afford an electric car. Yeah, 896 01:03:57,440 --> 01:04:02,400 they're expensive. They're very expensive. That they're states where they are, it's 897 01:04:02,440 --> 01:04:08,679 even more. Yeah, I'm taking away the right off. It's aery, 898 01:04:08,760 --> 01:04:13,239 but I don't know how much legs it has. It didn't have much legs 899 01:04:13,280 --> 01:04:15,960 two months ago. Let's put it that way. It's a rich man's toy 900 01:04:15,719 --> 01:04:18,760 electric car at this point. It's ridiculous. We've got to get them more 901 01:04:18,800 --> 01:04:24,719 affordable. The average person just can't even be competition. You know, we 902 01:04:24,719 --> 01:04:27,599 were talking about China a little bit earlier, and we've we've talked on the 903 01:04:27,639 --> 01:04:30,920 show quite a bit about Starbucks and how China is a huge market for them. 904 01:04:30,960 --> 01:04:38,639 It's their second largest market. You know that Starbucks has seven thousand stores 905 01:04:38,679 --> 01:04:45,519 in China, but Lucking Coffee has ten thousand stores in China. Isn't Lucking 906 01:04:45,559 --> 01:04:47,920 Coffee the one that went public for like a week? Yes, bank dropt 907 01:04:48,079 --> 01:04:50,639 or whatever happened. Yeah, Well they're they've got ten thousand stores. They 908 01:04:50,679 --> 01:04:55,760 passed in June. They passed Starbucks in a number of stores they're opening. 909 01:04:55,760 --> 01:04:58,960 And we've talked about Starbucks opening one every nine hours, luck, and must 910 01:04:58,960 --> 01:05:00,719 be opening one every couple well, I mean not every nine hours. And 911 01:05:00,719 --> 01:05:03,159 then in the US are still opening them too. But yeah, speaking of 912 01:05:03,199 --> 01:05:08,360 Starbucks hour shorts, Shultz stepped down again from that for the third time, 913 01:05:08,480 --> 01:05:11,000 for the third time, and this time, I mean he's in the seventies, 914 01:05:11,000 --> 01:05:15,199 probably stepping down for good. Just seventy seventy young man still and then 915 01:05:15,199 --> 01:05:18,320 come on for you and he I don't think he's going back to the third 916 01:05:18,360 --> 01:05:23,639 stint that he's gonna be done. But they replaced them with way Zang, 917 01:05:24,440 --> 01:05:28,360 who served as a senior advisor to Ali Baba and Alibaba Pictures Group. So 918 01:05:28,440 --> 01:05:31,920 they're thinking the idea behind that is as somebody who's been in the China economy 919 01:05:32,119 --> 01:05:34,400 for a long time to run that, and then they're probably gonna try and 920 01:05:34,559 --> 01:05:39,440 expand there more too. You were talking about politicians a minute ago. Here's 921 01:05:39,440 --> 01:05:42,119 a good one Biden this past week. I don't if you saw when he 922 01:05:42,199 --> 01:05:45,639 was over at the the G seven conference, whatever heck he was. This 923 01:05:45,719 --> 01:05:53,559 is a quote global warming rising one point five degrees celsius, which is two 924 01:05:53,599 --> 01:05:59,039 point seven degrees fahrenheit. For you non Europeans, rising one point five percent 925 01:05:59,360 --> 01:06:03,679 five degrees celsius in the next twenty years is more scary than the nuclear war. 926 01:06:05,880 --> 01:06:10,440 That was a quote. That's what quote. He really believes that. 927 01:06:11,920 --> 01:06:14,239 I don't think he really believes I think it was on a teleprompter and he 928 01:06:14,320 --> 01:06:17,519 just said it. Are you kidding me? There's no way you can really 929 01:06:17,519 --> 01:06:21,519 believe that. And with that said, Bloomberg also reported last week that the 930 01:06:21,599 --> 01:06:26,360 Chinese government, and I told you guys, that's the Chinese government has now 931 01:06:26,360 --> 01:06:32,960 approved more new coal fired power plants than exist in the United States, coal 932 01:06:33,000 --> 01:06:35,960 power, nuclear, coal power. Yeah, because aren't they making more nuclear 933 01:06:36,000 --> 01:06:40,760 power? Absolutely nuclear, but coal power. The Chinese government has approved more 934 01:06:41,119 --> 01:06:45,440 coal power power, coal power plants, coal fired, full fired, thanks 935 01:06:45,760 --> 01:06:49,880 coal fired power plants then exist in the United States. So it seems to 936 01:06:49,920 --> 01:06:55,880 me that this war on global warming is being fought by just one country. 937 01:06:56,519 --> 01:07:00,239 Does anything like it? Didn't feel like it is. It's ways for them 938 01:07:00,239 --> 01:07:02,960 to get more money so they can hold on to it to do other things. 939 01:07:03,559 --> 01:07:09,239 Think about how much money the big states have New York, California that 940 01:07:09,320 --> 01:07:12,719 keeps getting all the ev money and all. Yeah, and the companies. 941 01:07:13,000 --> 01:07:16,199 What about another trucking company that they gave money to that we're out of business? 942 01:07:17,000 --> 01:07:21,159 Yeah. Yeah. We've been hearing a lot this week with Kim Jong 943 01:07:21,239 --> 01:07:29,239 ung going to Russia and putin meeting with him and then having a loaf fest 944 01:07:29,559 --> 01:07:33,920 about propaganda, propaganda from North Korea, propaganda from Russia. So I looked 945 01:07:34,000 --> 01:07:41,719 up propaganda propaganda, information, especially of a biased or misleading nature, used 946 01:07:41,760 --> 01:07:46,039 for promote or publicize a particular political point of view. Sounds to me like 947 01:07:46,079 --> 01:07:49,320 we're getting it here pretty good too. You know what propaganda? You know, 948 01:07:49,440 --> 01:07:59,519 they change the word propaganda into marketing. That's all it is. I'm 949 01:07:59,559 --> 01:08:02,199 looking at the work, look at the definition of propaganda, thinking, man, 950 01:08:02,239 --> 01:08:06,719 how much propaganda do we have in this country from it's marketing. It's 951 01:08:06,760 --> 01:08:10,280 marketing, that's all. I mean, you'd rather have nuclear war? What 952 01:08:10,400 --> 01:08:15,440 information isn't biased? He just said such stupid things. I mean, it's 953 01:08:15,519 --> 01:08:19,479 ridiculous. I have an interesting political one. California lawmakers. I mean this 954 01:08:19,520 --> 01:08:24,319 is new, but they passed that landmark fast food bill. That's the one 955 01:08:24,399 --> 01:08:29,479 where it would make the wage floor of twenty dollars for California workers have fast 956 01:08:29,479 --> 01:08:33,239 food chains where they have at least sixty locations nationwide. That's going to start 957 01:08:33,279 --> 01:08:38,159 April first, and Gavin Newson already said he's going to sign it. It's 958 01:08:38,159 --> 01:08:44,760 going to his desk late Thursday. And the McDonald's franchise these group says it's 959 01:08:44,800 --> 01:08:48,279 going to be a devastating financial blow if if that does come in, they 960 01:08:49,279 --> 01:08:54,199 cost him of the two hundred and fifty thousand dollars annually and it's stated that 961 01:08:54,239 --> 01:08:57,119 the costs cannot be able to work by this business model that they currently have 962 01:08:57,439 --> 01:09:01,079 now signed by over a thousand McDonald's owners. Wow, Well but they don't 963 01:09:01,079 --> 01:09:03,720 care. And that's why they're going to get start just getting rid of employers 964 01:09:03,720 --> 01:09:08,119 and trying to do the robots and serve them and then it won't even matter 965 01:09:08,159 --> 01:09:11,479 the play. Yeah, and to make sure the robots work. Well, 966 01:09:11,520 --> 01:09:15,439 you see more and more of that, and in a lot of different stores, 967 01:09:15,039 --> 01:09:18,319 a lot of different stores having check out of this, checkout stuff like 968 01:09:18,359 --> 01:09:20,119 this. You think of McDonald's just gonna be like, Okay, yeah, 969 01:09:20,159 --> 01:09:23,720 we'll take it. We'll lose two hundred fifty grand a year, just whatever, 970 01:09:24,159 --> 01:09:27,479 and we're not gonna take that. And and to that point, and 971 01:09:27,560 --> 01:09:30,079 we talked about retail sales. Producer prices is which is the other side, 972 01:09:30,159 --> 01:09:34,800 right, I mean they are. It came in above expectations again this month 973 01:09:35,560 --> 01:09:40,600 in an increase to the sharpest level in over fourteen months, which was driven 974 01:09:40,760 --> 01:09:43,960 by a ten point five percent jump and energy prices. Right, So, 975 01:09:44,159 --> 01:09:46,520 I mean if the producer has to pay more for input costs, they're going 976 01:09:46,560 --> 01:09:49,880 to pass that cost down to the consumer, which is going to continue to 977 01:09:49,920 --> 01:09:54,399 keep inflation higher. Yeah, the PPI to CPI, the retail sales all 978 01:09:54,439 --> 01:09:57,960 related to gasoline. Yep, all related to gasoline. So we had a 979 01:09:58,000 --> 01:10:04,000 four percent drop across the board on Friday and ship stocks including Nvidia after Barons 980 01:10:04,079 --> 01:10:11,720 reported the Taiwan Semiconductor that's the world's largest UH semi conductor manufacturer, told suppliers 981 01:10:11,760 --> 01:10:15,760 to delay some deliveries amid concerns about slowing chip demand. Now, why would 982 01:10:15,760 --> 01:10:19,880 you delay deliveries? Is it so they don't get what they want? I 983 01:10:19,920 --> 01:10:24,359 guess so they don't have to pay for it, right, you have to 984 01:10:24,399 --> 01:10:29,119 pay for it when it's delivered in theory or within some spreading out, spreading 985 01:10:29,159 --> 01:10:33,920 out deliverstic delivery every month or something like that. We're good right now, 986 01:10:34,000 --> 01:10:36,800 Yeah, we're good. It's slowing down when I'm making his maid chips and 987 01:10:36,920 --> 01:10:42,159 yet and Video on the other side where their AI chip, Uh, they 988 01:10:42,439 --> 01:10:45,640 cannot meet the demand, cannot meet the demand. And with that said, 989 01:10:46,159 --> 01:10:54,119 I saw a report on CNBC last week that virtually no one has monetized AI 990 01:10:54,239 --> 01:10:59,079 yet. Right, it's in the plannings. It's like the the the electric 991 01:10:59,079 --> 01:11:01,720 car chargers. Right, nobody's making any money off and they're just building out 992 01:11:01,800 --> 01:11:04,359 the system. And that's what it is with AI. We've talked about that 993 01:11:04,399 --> 01:11:09,279 on the show. You've got to get things in place and they're not monetized 994 01:11:09,279 --> 01:11:14,560 and nobody is. So all of this UH stock run up in relation to 995 01:11:14,600 --> 01:11:18,119 AI, be careful. Yeah, speaking of chips arm Holdings when public last 996 01:11:18,159 --> 01:11:20,880 week, Yeah, big diferent und dollars a share of value in the company 997 01:11:20,920 --> 01:11:25,760 of fifty four billion dollars. It started trading at roughly sixty three dollars a 998 01:11:25,800 --> 01:11:28,720 share. That's the biggest IPO of the year. And this is a UK 999 01:11:28,840 --> 01:11:32,600 based chip design company who and Videos try to buy at one point twenty Yeah, 1000 01:11:32,720 --> 01:11:36,880 for evaluation, dealing on that with that IPO, the valuation is over 1001 01:11:36,920 --> 01:11:44,640 fifty percent the valuation that Nvidia has with ten percent of the sales. They've 1002 01:11:44,680 --> 01:11:46,520 got ten percent of the sales, ten percent of the revenue of Nvidia, 1003 01:11:46,920 --> 01:11:51,520 and the market cap is almost sixty percent of end videos. Wow. Yeah, 1004 01:11:51,560 --> 01:11:55,079 and that puts their pe multiple out about one hundred and four. So 1005 01:11:55,079 --> 01:11:59,479 it's a big growth company. But ARM is selling to customers that include Apple, 1006 01:11:59,520 --> 01:12:03,720 Google and Video and Samsung companies. Big business. Well, all right, 1007 01:12:03,760 --> 01:12:06,880 sounds good. We right back. We have a little bit more time 1008 01:12:06,960 --> 01:12:12,199 left on our show here. We appreciate your listening to the Money Boutty Show 1009 01:12:12,199 --> 01:12:15,239 with Dean Greenberg and the rest of us from Greenberg Financial Group. We'll be 1010 01:12:15,359 --> 01:12:29,439 right back. Say it's all a oh, welcome back everybody. This is 1011 01:12:29,439 --> 01:12:33,319 the Money Batty Show. Dave, Dylan, Todd and myself love talking to 1012 01:12:33,399 --> 01:12:36,319 you. Obviously, if you need to talk to us, you can call 1013 01:12:36,399 --> 01:12:41,039 us, send an appointment with us. We'll be glad to sit down. 1014 01:12:41,760 --> 01:12:45,199 We do the financial plans complimentary, all right. We don't hold back. 1015 01:12:45,239 --> 01:12:48,600 We'll give you a whole entire plan whether you do business with us or not. 1016 01:12:48,680 --> 01:12:53,439 It's very important that caveats, very very important because a lot of people 1017 01:12:53,479 --> 01:12:55,680 say, oh, yeah, we'll do a free plan. They'll go all 1018 01:12:55,680 --> 01:12:58,319 of it with you, but they'll never give it to you unless you actually 1019 01:12:58,399 --> 01:13:00,279 do business. And I want to touch is one more time. And we've 1020 01:13:00,279 --> 01:13:03,319 talked about it many times on the show, but the MAGA, the multi 1021 01:13:03,439 --> 01:13:06,880 year guaranteed annuity, it's one of the greatest times you could be into this 1022 01:13:06,920 --> 01:13:10,800 product because of the interest rate environment. We've talked about it early in the 1023 01:13:10,800 --> 01:13:13,920 show. We haven't seen rates like this in the past twenty years. The 1024 01:13:13,960 --> 01:13:16,880 reason right now it can be so beneficial is because we have this inversion into 1025 01:13:16,920 --> 01:13:20,199 the yield curve. Right So if you're looking at a five point four percent 1026 01:13:20,239 --> 01:13:23,279 on the Treasury, you're saying, oh, that's great, I want to 1027 01:13:23,319 --> 01:13:27,560 lock that in. But what happens after that matures? Right in one year's 1028 01:13:27,560 --> 01:13:30,920 time, you have no idea what the interest rate environment's going to be. 1029 01:13:30,920 --> 01:13:33,079 It could be vastly lower, it could be vastly higher. You don't know. 1030 01:13:33,279 --> 01:13:36,520 Probably not vastly higher, because if it got much higher, the economy 1031 01:13:36,560 --> 01:13:40,039 would collapse, you would think, and then it would go lower, you 1032 01:13:40,039 --> 01:13:43,359 would think. So, I think you're getting close. Could it go to 1033 01:13:44,520 --> 01:13:48,960 six? You know that the Fed Funds rate is could we go up another 1034 01:13:49,000 --> 01:13:53,000 half a percent? Yes. The idea though, is that the MAGA can 1035 01:13:53,000 --> 01:13:56,960 lock in five point a little three percent for three to five to seven years, 1036 01:13:56,960 --> 01:13:59,720 like Todd was getting at No fantastic. I think it's a great product, 1037 01:13:59,720 --> 01:14:01,520 great idea, and did You're absolutely right. But when you can lock 1038 01:14:01,600 --> 01:14:06,079 it in, you get tax deferred state tax defer growth. Obviously you're still 1039 01:14:06,079 --> 01:14:11,439 gonna you're not gonna be paying state federal tax defer, That's what I'm at. 1040 01:14:11,520 --> 01:14:15,279 And you get tax deferred growth during those five years, right, So 1041 01:14:15,880 --> 01:14:18,199 there's very few products you're gonna be able to see that. And again, 1042 01:14:18,439 --> 01:14:21,560 five point three guaranteed four or five years. A lot of people are on 1043 01:14:21,640 --> 01:14:25,359 money market funds right now and they're saying, hey, I'm getting five percent, 1044 01:14:25,399 --> 01:14:28,800 four point nine, five point two percent. That's fine, But realize 1045 01:14:28,840 --> 01:14:32,359 that is not a guaranteed rate. That is a fluctuating rate that can change 1046 01:14:32,479 --> 01:14:36,479 vastly, very quickly too. And remember from these what I was the point 1047 01:14:36,520 --> 01:14:42,119 I was trying to make is from these levels, the rates are much much 1048 01:14:42,199 --> 01:14:45,319 more likely to go down than they are to go up. Right, And 1049 01:14:45,319 --> 01:14:49,600 so with this mega product, if you have safe dollars, put away and 1050 01:14:49,640 --> 01:14:54,680 you want to get a higher rate of interest, this is a great product 1051 01:14:54,760 --> 01:14:58,880 to go into as well. As you have five percent five point three percent 1052 01:14:58,960 --> 01:15:01,439 the interest, you can take out penalty free each year, right, and 1053 01:15:01,479 --> 01:15:04,840 that normally satisfies r and DS too. So if you have money sitting in 1054 01:15:04,840 --> 01:15:08,680 an IRA that you don't want to be in equities right now, you can 1055 01:15:08,760 --> 01:15:12,560 transfer that into a MICA product. There's a lot of different avenues where you 1056 01:15:12,600 --> 01:15:17,119 can get you know, guaranteed interest when there's not a lot of reward left 1057 01:15:17,319 --> 01:15:20,800 in equities. We've been talking about it. We are high on valuations and 1058 01:15:20,840 --> 01:15:24,720 there's a lot of risk. So if you're someone who wants to avoid that 1059 01:15:24,880 --> 01:15:28,119 risk in an environment where there's not a lot of reward left and equity markets 1060 01:15:28,359 --> 01:15:30,560 take advantage of the interest rates. Thank you, dude. Do you guys 1061 01:15:30,560 --> 01:15:34,079 hear the good news on Monday? Big news out of Monday morning? First 1062 01:15:34,079 --> 01:15:39,920 thing, right, the FDA has approved the new COVID vaccine from Feizer and 1063 01:15:40,000 --> 01:15:46,520 Moderna YEP, and the two stocks responded by going lower. I can't imagine 1064 01:15:47,319 --> 01:15:51,199 there's going to be a lot of demand after witnessing what happened in China. 1065 01:15:51,239 --> 01:15:57,520 We watch China stay in lockdown for three years and come out and people start 1066 01:15:57,600 --> 01:16:00,920 dying left and right. It's it's a process we have to work our way 1067 01:16:00,920 --> 01:16:05,760 through. And to that end, I got applaud Huntington Beach over and over 1068 01:16:05,800 --> 01:16:11,399 and on the left coast in Orange County, which is uh probably is coaster 1069 01:16:11,399 --> 01:16:15,359 to Republican County as you're going to get in most of California, especially coastal 1070 01:16:15,439 --> 01:16:25,479 California. Huntington Beach band excuse me, outlawed mask bands outlawed mask mandates a 1071 01:16:25,520 --> 01:16:28,159 week ago. So I give them credit for saying, no, we're not 1072 01:16:28,199 --> 01:16:30,920 going down that road again. So you hear talk about the mask you here 1073 01:16:30,960 --> 01:16:34,199 talks about the vaccine. It's just going to be really interesting this fall to 1074 01:16:34,279 --> 01:16:41,079 see if that just falls on deaf ears or or what. But Madonna did 1075 01:16:41,119 --> 01:16:45,159 have one good day, correct. I think Monday was that they were both 1076 01:16:45,159 --> 01:16:46,760 down when I looked at them. They were both down on Monday morning. 1077 01:16:46,920 --> 01:16:51,279 After I after the news and set up on Tuesday or Wednesday, it was 1078 01:16:51,359 --> 01:16:56,840 some other news item related to a cancer drug. Yeah, because it totally 1079 01:16:56,880 --> 01:17:01,520 unrelated to COVID Friday, Yeah, totally unrelated to it. Yeah, I'm 1080 01:17:01,560 --> 01:17:05,359 going to do the evy garage again. And you know, I think I 1081 01:17:05,399 --> 01:17:12,439 think I'm fair and impartial when it comes to this. And one of the 1082 01:17:12,520 --> 01:17:16,479 challenges of electric vehicles has been finding a reliable source of material for the batteries. 1083 01:17:16,520 --> 01:17:20,359 I think we'd all agree China is way ahead of the US and inking 1084 01:17:20,439 --> 01:17:27,119 deals with Africa, where a lot of those resources lie. Wall Street Journal 1085 01:17:27,159 --> 01:17:31,279 reported last week that the US is in talks with Saudi Arabia to secure medals 1086 01:17:31,319 --> 01:17:36,479 in Africa. Get this, The state backed Saudi venture would buy stakes in 1087 01:17:36,520 --> 01:17:42,720 the mining assets worth fifteen billion dollars in several African companies, and they would 1088 01:17:42,760 --> 01:17:46,800 permit the US to buy some of that production. Oh would they? Really? 1089 01:17:46,880 --> 01:17:51,239 We don't have fifteen billion or fissing away trillions. We don't have fifteen 1090 01:17:51,319 --> 01:17:56,319 billion. We've got to have the Saudiast do that, and then we'll work 1091 01:17:56,359 --> 01:18:00,079 with the Saudeast and will once again be beholding to the Soues. They've got 1092 01:18:00,119 --> 01:18:02,880 us beholding to them on oil. Now they're going to get us beholding to 1093 01:18:02,960 --> 01:18:08,319 them on minerals for batteries. Really, we don't need that. We do 1094 01:18:08,399 --> 01:18:12,560 have the largest lithium plant being developed in Nevada. Yes, gosh if they 1095 01:18:12,560 --> 01:18:15,479 would ever get the permits and allow them to do that. It's it is 1096 01:18:15,520 --> 01:18:21,039 the largest lithium deposit in the world reported to be On another note to Tesla 1097 01:18:21,159 --> 01:18:28,439 did install their first super charger about twelve years ago I believe it was uh 1098 01:18:28,560 --> 01:18:35,560 And on Wednesday they installed their fifty thousandth fifty thousand, So Tesla has fifty 1099 01:18:35,600 --> 01:18:41,239 thousand superchargers out there that that help you limp from one place to an I 1100 01:18:41,239 --> 01:18:45,159 shouldn't see it's because I know people that have taken long trips in their electric 1101 01:18:45,199 --> 01:18:47,039 cars and have done it successfully. But you do have to have some time 1102 01:18:47,079 --> 01:18:50,760 on your hands, and you do have to not be in a hurry to 1103 01:18:51,199 --> 01:18:58,079 get there. Right. Yeah, Disney ended there and Disney and Charter Communications 1104 01:18:58,199 --> 01:19:00,560 blackout fight that came to an end last week right before Monday night football, 1105 01:19:00,640 --> 01:19:04,039 right before they needed yep, and Disney stock actually had a pretty good week. 1106 01:19:04,359 --> 01:19:08,359 It was up a couple percent. The terms of the deals are said 1107 01:19:08,399 --> 01:19:13,640 to include a discounted wholesale price for subscribers for Disney streaming services and an increase 1108 01:19:13,680 --> 01:19:16,520 in the marketplace of subscriber fees paid to Disney. And on Friday, I 1109 01:19:16,520 --> 01:19:21,560 saw that ABC was interested in buying something that Disney has, and I didn't 1110 01:19:21,600 --> 01:19:25,439 have time to buy the article. Disney was selling the ABC. Yeah, 1111 01:19:25,479 --> 01:19:31,239 Disney's and is interested in buying. No, Disney's interested in selling. Okay, 1112 01:19:31,279 --> 01:19:36,640 that's what Disney's interest is interested in selling ABC talks to someone else. 1113 01:19:38,439 --> 01:19:41,119 I just I saw the article, went buying it. Didn't have a chance 1114 01:19:41,159 --> 01:19:45,760 to read it. And I never understood ABC and ESPN are considered separate now, 1115 01:19:45,119 --> 01:19:49,800 are right, But at one point ABC owned ESPN. Maybe ESPN has 1116 01:19:49,840 --> 01:19:54,560 been owned by four or five different companies over the years. I think if 1117 01:19:54,760 --> 01:19:58,680 Disney took over eight Yeah, I mean there's been random talks about Apple buying 1118 01:19:58,840 --> 01:20:02,079 ESPN. There hasn't been any material talks from Disney. It's just a theory 1119 01:20:02,319 --> 01:20:05,640 that would sell for fifty fifty five billion dollars if Apple were to buy. 1120 01:20:05,640 --> 01:20:12,199 I thought a report of Apple buying Disney did. Yeah, that was Now 1121 01:20:12,199 --> 01:20:14,760 why would they do that? That was a week after the ESPN buy. 1122 01:20:14,840 --> 01:20:16,520 Yeah, why would he do because they're trying to be the first reporter to 1123 01:20:16,560 --> 01:20:19,560 say it. But Disney, again, is one of those socks that's down. 1124 01:20:19,640 --> 01:20:24,439 Nobody likes it. But from a Disney point, I mean from an 1125 01:20:24,479 --> 01:20:28,079 Apple point of view, you have Disney Streaming, you have Apple TV. 1126 01:20:28,199 --> 01:20:30,439 You would just take Disney Streaming and put it into Apple TV. That's how 1127 01:20:30,439 --> 01:20:34,079 you would justify it. I like it. I like we all like Raytheon. 1128 01:20:34,199 --> 01:20:38,159 I think we might get if we got a down market, you might 1129 01:20:38,199 --> 01:20:42,359 actually get a wash out low and below seventy if you could. If you 1130 01:20:42,399 --> 01:20:45,199 could get that, I would think that would be a pretty attractive entry point. 1131 01:20:45,279 --> 01:20:46,359 Yeah. I like my dad was saying, every mind is kind of 1132 01:20:46,920 --> 01:20:50,359 similar to Bowing. It is, well, Bowing was doing a couple of 1133 01:20:50,399 --> 01:20:53,359 years ago with all this stuff going on, and then I mean, it's 1134 01:20:53,359 --> 01:20:56,439 a resilient company. So you think it's going to still be making its missiles 1135 01:20:56,439 --> 01:20:59,600 and so be making its plane engines. It's still going to get out of 1136 01:20:59,600 --> 01:21:01,760 this the end of the day. As government contracts that keeps getting new ones. 1137 01:21:02,039 --> 01:21:04,159 You don't think this is gonna go out of business. It's just got 1138 01:21:04,159 --> 01:21:06,119 to get through it like Bowing did. And now look at Bowen it's over 1139 01:21:06,159 --> 01:21:13,039 two hundred again. Yeah, we still have a war. An interesting the 1140 01:21:13,079 --> 01:21:17,880 price earnings ratio on Raytheon is about two thirds of the overall market, so 1141 01:21:17,960 --> 01:21:23,159 I mean it is cheap in terms of the overall market. Another stock that 1142 01:21:23,199 --> 01:21:27,319 took an absolute hit this week was Netflix, down over ten percent on the 1143 01:21:27,359 --> 01:21:32,119 week, seemingly nothing really was the reason. You didn't see that one coming? 1144 01:21:32,239 --> 01:21:38,439 Hah see, Yeah that was pretty bad. But I mean Netflix, 1145 01:21:38,520 --> 01:21:40,960 why was it down? I didn't see anything. I don't know if you 1146 01:21:41,000 --> 01:21:44,560 saw anything fallow Netflix, Yeah, I mean I was trying to find something 1147 01:21:45,600 --> 01:21:48,239 really nothing that I could see, but ten percents of real big drop there 1148 01:21:49,279 --> 01:21:54,680 for Netflix, and so if I maybe three or four or five percent more 1149 01:21:55,079 --> 01:21:59,239 could be a little interesting value play there. We had said on the show 1150 01:21:59,319 --> 01:22:05,640 here that we h Johnson and Johnson gave shareholders an opportunity to buy shares of 1151 01:22:05,720 --> 01:22:13,479 kin View, their spinoff, and we suggested avoiding that spinoff and staying with 1152 01:22:13,600 --> 01:22:16,199 Johnson and Johnson. And it's because other spinoffs that have taken place within the 1153 01:22:16,239 --> 01:22:20,239 last six to nine months have not done well. And that was kind of 1154 01:22:20,279 --> 01:22:25,039 the only reason. They big catalyst with that was that the spinoff company, 1155 01:22:25,600 --> 01:22:29,000 So Johnson Johnson was going to take that. I think it was the TALC 1156 01:22:30,159 --> 01:22:33,079 the talcombosis, Right, they're gonna take that from Canada and US. They'll 1157 01:22:33,079 --> 01:22:38,560 deal with those two. They're leaving the spinoff company with every other issue any 1158 01:22:38,600 --> 01:22:41,399 other country. Who knows what's actually going on with all that, you don't 1159 01:22:41,399 --> 01:22:44,920 know. And the stock droft fifteen percent. The shock droft fifteen percent since 1160 01:22:44,960 --> 01:22:46,439 they did that. So, you know, it's nice to be right once 1161 01:22:46,439 --> 01:22:49,439 in a while. We were. We got this one. But it did 1162 01:22:49,479 --> 01:22:54,640 take higher on Monday after Deutsche Bank raised the stock too, by saying that 1163 01:22:54,680 --> 01:22:58,119 the selling has been overdone. They think the selling has been overdone and it's 1164 01:22:58,159 --> 01:23:01,279 an opportunity, you know, we had to. There's two government lawsuits against 1165 01:23:01,319 --> 01:23:06,600 antitrust government lawsuits against Google, and the first one started last week on Monday. 1166 01:23:08,119 --> 01:23:12,399 Google showed no reaction. I don't know why I would, but uh, 1167 01:23:12,439 --> 01:23:15,520 there was apparently nothing or shaking. I don't know how long it goes 1168 01:23:15,520 --> 01:23:17,680 on. Could go on for a month, but if you had a reaction, 1169 01:23:17,720 --> 01:23:21,680 it's probably offset by the fact that YouTube TVs had its first weekend of 1170 01:23:21,800 --> 01:23:26,880 direct TV I sorry, direct TV, NFL tickets streaming. Yeah, and 1171 01:23:26,920 --> 01:23:30,119 so that well too. Yeah. No issues, Yeah, like no issue 1172 01:23:30,119 --> 01:23:35,960 Amazon prim at issues last year seamless great going back to Netflix, though. 1173 01:23:36,079 --> 01:23:40,279 A reason it went down last week was because the CFO came out and said, 1174 01:23:40,319 --> 01:23:44,279 this Hollywood strike is starting to hit their business and if it doesn't see 1175 01:23:44,279 --> 01:23:46,039 any end, that's why investors are like, okay, we're out. Yeah, 1176 01:23:46,079 --> 01:23:49,680 And me and Dean we're talking about this watching Netflix. We're thinking they 1177 01:23:49,760 --> 01:23:54,840 got to have a lot of shows kind of in their inventory that they're at 1178 01:23:54,840 --> 01:23:59,760 this point kind of slowly releasing and not releasing its new things. Suits right 1179 01:24:00,239 --> 01:24:01,960 going on there and most views. Ever, I was talking about this, 1180 01:24:02,439 --> 01:24:06,720 you have a lot of more foreign shows being put out. I guarantee this 1181 01:24:06,800 --> 01:24:12,640 strike isn't happening, and you know Europe, it's probably just an American actor 1182 01:24:12,760 --> 01:24:16,159 strike, so you can still be developing shows and movies in different countries as 1183 01:24:16,239 --> 01:24:21,880 Netflix happened. But at least it sounds right right. My wife and I 1184 01:24:21,920 --> 01:24:25,319 were talking about that a couple of nights ago, and I said, there's 1185 01:24:25,520 --> 01:24:28,279 so much stuff that we haven't seen that we want to see. We can 1186 01:24:28,319 --> 01:24:31,359 go for years right without any new programming. It's kind of surprising as the 1187 01:24:31,439 --> 01:24:34,520 Netflix CFO kind of came out and said that, yeah, you think there's 1188 01:24:34,520 --> 01:24:38,680 so many other avenues Netflix can go before the movie industry or not so much. 1189 01:24:38,680 --> 01:24:43,920 It's a series the movie Department. All right, we'll be back. 1190 01:24:43,920 --> 01:24:46,199 We have one more segment. We appreciate your listening. This is The Money 1191 01:24:46,199 --> 01:24:56,479 Mounted Show with Dan Greenberg. Thank you, Welcome back everybody. It's the 1192 01:24:56,520 --> 01:24:59,439 Money By the Show. We got about ten minutes left. We appreciate you 1193 01:24:59,560 --> 01:25:00,960 listening. You missed some of the show, you can go back. Just 1194 01:25:01,000 --> 01:25:03,880 go to a website, go to YouTube, pick a click on the show, 1195 01:25:04,279 --> 01:25:08,000 go to what part you feel you missed, and listen. If you're 1196 01:25:08,039 --> 01:25:10,840 out of town, out of the country, anyway, you are, you 1197 01:25:10,840 --> 01:25:15,119 can hear it still. I heart radio anywhere in the world anyway. YEP 1198 01:25:15,920 --> 01:25:19,840 got our weekly market updates on Facebook every Friday as well, new Saturday shows 1199 01:25:19,920 --> 01:25:26,640 coming on. I do them. Yeah yeah, I'm in New York. 1200 01:25:27,680 --> 01:25:30,399 Yeah yeah, you give make a quick trip every afternoon from Tucsons in New 1201 01:25:30,439 --> 01:25:34,960 York. It's you ever hear about those? You get the MAILI miles? 1202 01:25:34,960 --> 01:25:39,880 Do you ever hear about the Blade helicopters? That's what I take fly New 1203 01:25:39,920 --> 01:25:45,199 York. You are you are superhuman. You see where Smuckers bought the hostess 1204 01:25:45,399 --> 01:25:49,479 YEP combination dollars. That's kind of a delicious combination. We'll see that we'll 1205 01:25:49,479 --> 01:25:53,680 see the jelly now inside the twinks. I'm thinking the jelly is gonna go 1206 01:25:53,680 --> 01:25:59,199 instead of the frosting, Right, frosting you put it in there with the 1207 01:25:59,239 --> 01:26:01,000 whip cream, the whatever. That queen feeling is, well, they will 1208 01:26:01,039 --> 01:26:04,199 but right now with the right Yeah, but it's going to be nonperishable at 1209 01:26:04,199 --> 01:26:09,039 that point. Can't listen last through apocalypse like I could. No, they'll 1210 01:26:09,079 --> 01:26:11,239 figure it out with the Yeah. I don't know, but that tweaky has 1211 01:26:11,279 --> 01:26:14,159 gotten way worse. It used to be so good. I can't do it 1212 01:26:14,159 --> 01:26:19,920 because you get older, I think so growing up there, what's the change? 1213 01:26:20,279 --> 01:26:24,319 I thought they were so big? Yeah, it's like maybe a bite 1214 01:26:24,399 --> 01:26:29,159 in the half. Yeah, that's not an interesting report on alcohol consumption, 1215 01:26:29,279 --> 01:26:33,319 Dean. Since the end of prohibition, adult alcohol consumption in the US has 1216 01:26:33,359 --> 01:26:38,479 been really steady, around sixty three percent of the population, about two thirds, 1217 01:26:38,680 --> 01:26:42,119 right, two thirds of people drink, even though globally the number is 1218 01:26:42,199 --> 01:26:45,279 only one third. Some of that's probably availability. I don't know, yeh, 1219 01:26:45,439 --> 01:26:50,640 check Ireland. Yeah, I don't availability makes sense. Does wine consider? 1220 01:26:51,199 --> 01:26:55,479 Is that consider? Yep? Alcohol, you're right, I think on 1221 01:26:55,520 --> 01:26:57,880 the availability of it, I think that's it. I mean I don't know 1222 01:26:57,880 --> 01:26:59,640 how many, I mean, how many breweries in Africa? Do you know 1223 01:26:59,840 --> 01:27:02,399 how many? How many people are are drinking in rural Africa, you know 1224 01:27:02,439 --> 01:27:08,279 where the poverty is. Just there's many wins, and I'm thinking they're Interestingly, 1225 01:27:08,319 --> 01:27:13,920 the fastest growing beverage segment in the United States is non alcoholic beer and 1226 01:27:13,960 --> 01:27:18,359 wine extremely popular. You have to love the tastes to be able to do 1227 01:27:18,399 --> 01:27:23,560 that, because yeah, yeah, there's Nordy, but that's kind of interesting. 1228 01:27:24,039 --> 01:27:27,159 It has had no impact on the number of people that are drinking. 1229 01:27:27,520 --> 01:27:30,720 UH stayed steady around sixty three percent. It's dipped down one time to fifty 1230 01:27:30,800 --> 01:27:34,560 nine and then up to sixty six, but sixty three has been pretty steady. 1231 01:27:34,560 --> 01:27:40,199 And I would think with the legalization of marijuana in most states, right, 1232 01:27:40,600 --> 01:27:45,159 and the and the non alcoholic beer and wine, that alcohol consumption would 1233 01:27:45,159 --> 01:27:48,680 have really dropped off. But Constellation Brands is one of the largest liquor suppliers 1234 01:27:48,680 --> 01:27:53,039 in the world, just hit a new all time high about two weeks ago. 1235 01:27:53,119 --> 01:27:55,920 Well, thanks, I was gonna say two weeks ago. It's certainly 1236 01:27:56,000 --> 01:28:01,079 not certainly not thanks to UH cannabis right, their canopy growth position. I 1237 01:28:01,079 --> 01:28:03,319 mean, people like when they go to a public setting, they're not gonna 1238 01:28:03,319 --> 01:28:05,520 be smoking weed. They're gonna be having a drink. But you know, 1239 01:28:05,600 --> 01:28:10,079 canopy growth has got I just thought it a dollar and forty a share from 1240 01:28:10,079 --> 01:28:14,880 forty five cents. Yeah, it's tripled in the last ten days. Bill 1241 01:28:14,920 --> 01:28:19,319 Gates bought a whole bunch of us Shawler's worth of Anheuser Bushy bought his foundation. 1242 01:28:19,840 --> 01:28:21,840 Is that right? Yeah? Is he gonna drink at all on one 1243 01:28:21,840 --> 01:28:25,840 plane? But is it under and is a bush though I thought it was 1244 01:28:26,039 --> 01:28:29,159 they got bought. No, and hazer Bush owns bud light. Yeah, 1245 01:28:29,199 --> 01:28:33,880 I understand that. No, they're still but ok yeah. Are you thinking 1246 01:28:33,920 --> 01:28:38,920 that one that bottom like overseas? Yeah? Yeah, yeah yeah, I 1247 01:28:38,920 --> 01:28:44,319 don't think it just fought the overseas part of yeah yeah yeah, okay. 1248 01:28:44,560 --> 01:28:46,159 It was a French company and I remember it, but I can't come up 1249 01:28:46,199 --> 01:28:49,359 with the name either. But I thought that was interesting that alcohol contuption hasn't 1250 01:28:49,359 --> 01:28:54,199 been impacted at all. Despite these trends. We did see the airline et 1251 01:28:54,319 --> 01:28:59,399 F drop twenty percent in the last sixty days lower on Wednesday after American Airlines 1252 01:28:59,439 --> 01:29:02,680 then Spirit both cut their outlooking and for obvious reasons storry oil prices well before 1253 01:29:02,680 --> 01:29:05,680 you. I mean, the reason cannapy growth is up so much is because 1254 01:29:05,720 --> 01:29:12,399 of that report that came out two weeks ago with the possibility of the de 1255 01:29:12,680 --> 01:29:17,760 listing from Schedule one on cannabis to Schedule three, which would allow cannabis companies 1256 01:29:17,800 --> 01:29:21,720 to start using deductions of business deductions. Right now, they can't use any 1257 01:29:21,720 --> 01:29:25,520 business deductions as tax write offs. Correct, there, they're not. They're 1258 01:29:25,560 --> 01:29:28,520 under how you're gonna be possible? How are you gonna be profitable if you 1259 01:29:28,520 --> 01:29:32,159 can't? But we'll do business expenses, remember, I know, but how 1260 01:29:32,199 --> 01:29:36,720 are you gonna be like really, probably you can't really income. They're not 1261 01:29:36,760 --> 01:29:42,119 illegal companies doing everything they have to do. They have to do. They 1262 01:29:42,119 --> 01:29:45,239 have to do gap still, but they're doing gap without writing off business expenses. 1263 01:29:45,319 --> 01:29:47,560 It's a pretty losing but as we talk, as we talked last last 1264 01:29:47,680 --> 01:29:51,159 a couple of weeks ago, but what Biden ask the UH the was it 1265 01:29:51,279 --> 01:29:57,119 the FDA to look into this a year ago? They finally have gotten around 1266 01:29:57,199 --> 01:30:01,840 a year later to asking the U depart why it's the HHA, which is 1267 01:30:01,840 --> 01:30:05,520 like the health the health services. Yeah, but they're the ones that made 1268 01:30:05,560 --> 01:30:10,880 the recommendation, and every time they've made the recommendation, FDA normally falls suit 1269 01:30:11,439 --> 01:30:14,399 some time afterwards in a relative period. That would be a big deal. 1270 01:30:14,439 --> 01:30:16,560 Not and I don't think it has any impact on the Canadian stocks at all 1271 01:30:16,600 --> 01:30:20,600 though. And cannabis is a cannapy growth. There's a Canadian company, but 1272 01:30:20,640 --> 01:30:25,680 I they don't have any American holdings. I don't. I'm pretty sure they 1273 01:30:25,720 --> 01:30:28,760 probably do have some exposure and I think they have AMP. The other big 1274 01:30:28,800 --> 01:30:31,520 thing is business loans. Right, they can't do any banking right now. 1275 01:30:31,880 --> 01:30:35,359 If you're going to a dispensary, they can do banking, but nonfederal, 1276 01:30:35,840 --> 01:30:39,800 nonfederal it has big credit unions. So I mean, if you're looking at 1277 01:30:39,880 --> 01:30:42,199 going into a dispensary, you can't use your credit card, you can't use 1278 01:30:42,199 --> 01:30:45,199 your debit card, you have to use a ATM or you know cash. 1279 01:30:45,840 --> 01:30:49,079 So now that they can do banks, that also helps the consumer, but 1280 01:30:49,159 --> 01:30:55,079 also helps the business on loans right, being able to expand. There's a 1281 01:30:55,119 --> 01:30:57,680 lot of things. Well, there certainly is legs to this because I remember 1282 01:30:57,680 --> 01:31:01,319 when I first started off the some the marijuana stocks had pop twenty percent or 1283 01:31:01,359 --> 01:31:05,399 so, and they just have kept going, I don't know what MSOs the 1284 01:31:05,720 --> 01:31:11,479 ms E that's probably the most traded. Yeah, it is up to seven. 1285 01:31:11,560 --> 01:31:13,359 And I had somebody asked me about I go, I don't know. 1286 01:31:13,479 --> 01:31:15,960 I don't think it's got legs, but I think I don't. I didn't 1287 01:31:15,960 --> 01:31:18,560 have looked at it since for a few days, but I've been it's above 1288 01:31:18,600 --> 01:31:21,840 ten now. MJ is another one, and that nine just about doubled back 1289 01:31:21,920 --> 01:31:25,840 and tells me nine. So it's up to nine now. Huh wow. 1290 01:31:26,640 --> 01:31:30,399 And it was about five when this whole thing started. But canopy growth has 1291 01:31:30,439 --> 01:31:33,840 been the way the play hat is tripled. Canopy growth. I guess if 1292 01:31:34,039 --> 01:31:38,119 if it does this another hundred times, the people that bought it'll be even 1293 01:31:38,359 --> 01:31:41,199 We'll just think about the oil stocks, how much they've rallied. They even 1294 01:31:41,319 --> 01:31:44,479 just left few months beyond which you have expected. Yeah, yeah, yeah, 1295 01:31:44,560 --> 01:31:46,439 I have some x l E on and it got to ninetye. Oh 1296 01:31:46,520 --> 01:31:49,880 that's a good trade. Do not announced ninety three. XLU had a good 1297 01:31:49,920 --> 01:31:55,119 week. Utilities, they dropped a little bit oil itself. UCO, one 1298 01:31:55,159 --> 01:31:59,159 of the worst performing sectors in the SMPU, has been utilities over the past 1299 01:31:59,239 --> 01:32:02,199 year. Understand and to believe because utilities are impacted by rioting interest rates. 1300 01:32:02,439 --> 01:32:08,640 They have a large most of them have large debt, and interest rates are 1301 01:32:08,760 --> 01:32:13,560 important if you go into recession. Do you expect utilities to keep their value 1302 01:32:13,760 --> 01:32:17,560 lose? Yeah, fulfillings would rally in a recession because interest rates would come 1303 01:32:17,600 --> 01:32:21,520 down, and that's good for utilities. I don't think they're gonna lower interest 1304 01:32:21,600 --> 01:32:25,199 rates as quick as people think they're going to do it. I don't think 1305 01:32:25,279 --> 01:32:28,720 they will, but I think the overall marker will you know, the feed 1306 01:32:28,840 --> 01:32:30,960 is always the tail of the dog. They're always the last react. I 1307 01:32:31,039 --> 01:32:33,640 just don't think they want to lower rates too quickly because they don't want the 1308 01:32:33,720 --> 01:32:41,279 inflationary problem. Right, But they've raised rates a quarter or two different times, 1309 01:32:41,319 --> 01:32:44,640 and the ten year treasuries where it was before they started debt but plus 1310 01:32:44,720 --> 01:32:47,359 teen. Also, if the market just prices in lower rates, even if 1311 01:32:47,359 --> 01:32:51,720 the feeds saying we're not going to it doesn't matter right right, we see 1312 01:32:51,720 --> 01:32:55,520 it just got a reminder we're seasonally week time of the year. I know 1313 01:32:55,640 --> 01:33:00,319 it's a difficult to set on your hands when you see the market allen, 1314 01:33:00,399 --> 01:33:01,680 but I think it's a good time to be called it was strange. We 1315 01:33:01,840 --> 01:33:05,920 broke out dave of resistance long term resistance and broke down day and then the 1316 01:33:06,039 --> 01:33:10,760 next day on Friday, we broke back down onto it and went to the 1317 01:33:10,840 --> 01:33:15,479 lower part of UH support. You know, now now it's looking ugly one 1318 01:33:15,640 --> 01:33:17,640 Friday. On Thursday it looked great, and on Friday it looked ugly. 1319 01:33:18,000 --> 01:33:21,199 It has, however, stayed the S and P stayed between forty four hundred 1320 01:33:21,199 --> 01:33:24,680 and forty six hundred this whole time. It's weird that we haven't seen any 1321 01:33:24,720 --> 01:33:29,000 major trends breakout when usually Septembers when people come back into the markets and start 1322 01:33:29,039 --> 01:33:31,039 placing their trades. Right. I think Dean's were more of a technofical guy 1323 01:33:31,079 --> 01:33:33,680 than then. But in UH, I think we saw a breakdown when it 1324 01:33:33,720 --> 01:33:36,560 got down to what forty three fifty, it was breaking down, and then 1325 01:33:36,600 --> 01:33:41,560 it all day came up and broke back out. Yeah, you know, 1326 01:33:41,640 --> 01:33:44,920 I think we can go back and we touched at forty three fifty level and 1327 01:33:45,039 --> 01:33:48,560 show a period of time and when I say that, I'm talking about forty 1328 01:33:48,640 --> 01:33:53,800 six weeks probably. Yeah. Yeah. And the problem we have right now 1329 01:33:53,840 --> 01:33:56,560 and not the problem. The good thing we have window dressing coming up. 1330 01:33:56,680 --> 01:34:00,880 You know. Window dressing is when the mutual fire and money managers want to 1331 01:34:00,960 --> 01:34:06,159 dress up their portfolio, so the institutions and everybody that's they're investing force see 1332 01:34:06,239 --> 01:34:11,520 that they have quote the right stocks, the right allocation to write everything this 1333 01:34:11,720 --> 01:34:14,880 the report comes out after September thirtieth, yes, and they usually want to 1334 01:34:14,920 --> 01:34:16,520 be on the buying frame. The other side of it is, we've been 1335 01:34:16,560 --> 01:34:19,600 in this business a long time. Everyone wants to try to hold it up 1336 01:34:19,600 --> 01:34:23,039 at the quarters because that's when they get paid. And we've seen that last 1337 01:34:23,079 --> 01:34:29,199 week sometimes just collapse on us and then we've don't forget we were not that 1338 01:34:29,319 --> 01:34:31,760 far from tax loss selling, which means all the stocks that have had a 1339 01:34:31,840 --> 01:34:35,640 bad year, including Raytheon, are going to have some additional pressure on them 1340 01:34:36,000 --> 01:34:41,039 as people sell to get a tax lost offs at gains they've taken in other 1341 01:34:41,079 --> 01:34:45,920 places and even looking to do what you do it probably before December so that 1342 01:34:45,000 --> 01:34:47,439 way you have the time to buy it back before the end of the year. 1343 01:34:47,640 --> 01:34:51,319 Yeah, everybody talks about December being tax loss selling, but my experiences 1344 01:34:51,359 --> 01:34:58,159 almost always you need before Thanksgiving. You have to wait what thirty yeah, 1345 01:34:58,239 --> 01:35:04,359 to buy it back without the tax loss being eliminated December. Yeah, but 1346 01:35:04,520 --> 01:35:11,199 December is typically back in January year and you may not want to buy it 1347 01:35:11,239 --> 01:35:14,000 back at all. Yeah, you may sell AT and T and by Verizon 1348 01:35:14,239 --> 01:35:16,279 and never think about buying AT and T back again, right, and then 1349 01:35:16,319 --> 01:35:19,119 you can do that at the same time. Yeah, no, no, 1350 01:35:19,560 --> 01:35:24,399 no requirement on that. So, but those are things to be looking out 1351 01:35:24,439 --> 01:35:26,439 for. Dean's right, it would come to the end of the quarter. 1352 01:35:26,520 --> 01:35:30,119 There's a lot of window dressing going on, a little bit more volatility over 1353 01:35:30,159 --> 01:35:31,920 the next two weeks. Maybe then we've been seeing. I just don't see 1354 01:35:31,920 --> 01:35:34,800 how the evaluations stay up here where you get the new money to keep buying 1355 01:35:34,880 --> 01:35:39,159 in. And that's why I think when we do break out, there's no 1356 01:35:39,239 --> 01:35:42,720 one in there that wants to be the next guy up now. I think 1357 01:35:42,760 --> 01:35:45,760 we need to be five to ten percent lower than we are now to realize 1358 01:35:45,800 --> 01:35:48,159 feel more comfortable, feel like we get through this period. But I do 1359 01:35:48,319 --> 01:35:51,560 think once we get through this period, I don't think it goes to new 1360 01:35:51,640 --> 01:35:55,640 law like way down here. I think we rally to the end of the 1361 01:35:55,720 --> 01:36:00,760 year, and I think the problem starts second third quarter next year. Okay, 1362 01:36:00,279 --> 01:36:02,880 all right, it's another week, another show, another two hours of 1363 01:36:03,000 --> 01:36:06,399 us talking to you about what's going on. Remember we got shows on Saturday, 1364 01:36:06,439 --> 01:36:09,840 we got TV shows, we got a bunch of stuff. You miss 1365 01:36:09,880 --> 01:36:12,119 it all, No big deal. Just go to a website and check it 1366 01:36:12,199 --> 01:36:15,520 out. You need a financial plan, we'll do it for your complimentary All 1367 01:36:15,560 --> 01:36:17,960 you got to do is come to see us, send an appointment and we'll 1368 01:36:18,000 --> 01:36:20,760 send you the info of what we need. We'll be back next week where 1369 01:36:20,840 --> 01:36:26,119 your money matters. If you're listening, I'm on the Garrett Show tomorrow morning 1370 01:36:26,840 --> 01:36:30,439 from six to ten, you'll get more of me. And then we want 1371 01:36:30,439 --> 01:36:32,560 you to be happy, we want you to be healthy, and we all 1372 01:36:32,640 --> 01:36:39,279 strive to be profitable. Say it's all, Ana,