Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Twenty twenty five.
Speaker 2 (00:03):
Celebrity Psychic looks at an insight to true meetings of
names and essentially like, I don't know, I don't know.
It's just it's something about the what the name means
and what that could mean in twenty twenty five? What
do you think give me a give me a name
that you think is a lucky name for girls in
(00:23):
twenty so?
Speaker 1 (00:24):
Why is it? Why? Who's determining this?
Speaker 3 (00:26):
Again?
Speaker 2 (00:27):
A celebrity psychic along with name Barry and four bears.
This is all very it's all very very a celebrity psychic.
There's also dude, I don't know. They sent me the
email pitching this is a story that they think I
should like have somebody on.
Speaker 1 (00:46):
Oh yeah, oh can we call somebody? I don't want to.
They probably know, well they knew you weren't going to call.
Speaker 2 (00:50):
By the way they did, but they I definitely want
to talk about.
Speaker 1 (00:53):
This list me too. What's what's what's on the list?
Speaker 2 (00:56):
Guess what's a lucky name for a girl? I have
the op ten in front of me. How about just
how about clover for four leaf clover? No, Iris is
number one? Iris not a bad name. Actually, Iris is
the name of the Good Lady and the natural Glenn
close place.
Speaker 1 (01:12):
It makes me think of that Goo Goo Dolls song. Yeah,
good song was That song was on the hunchback of
Notre Dame. Felicia Felicia.
Speaker 2 (01:21):
It's number two, okay, Beata is three, Beata, Penny is four, penny,
Oh lucky, Penny, Iron is five? Jade Winifred wait Iron?
How's it spelled? A y a n A y a
n yeah? Iron?
Speaker 1 (01:36):
Oh, okay, sure, yeah.
Speaker 2 (01:37):
Jade Winifred. Girls are being named Winnifred again Beatrix, I
think winnies. That's pretty cute for short Winny. That's pretty good, Beatrix.
But you know what, can I call this list out?
Lucky names and pennies on there? And Winifred short for
win or winning give me a break, Beatrix, BENTI and Felicity.
Are we sure it's not Beatrix? That's how we'd pronounce
(01:59):
it around here.
Speaker 4 (02:00):
I know.
Speaker 2 (02:01):
On the boy's side, Felix is number one. I like Felix,
so Felix and Felicia are both very high. Something about
the fee in Felicity. On the girl's side as well, Felix, Amen,
ay an lucky, You've got a number three?
Speaker 1 (02:18):
Boys name. Stop it. Don't name your kid lucky.
Speaker 2 (02:20):
They say on this four hundred and forty thousand people
have that name.
Speaker 1 (02:25):
They can't be right. There's something going on with this psidechic.
This is a mailed in list. This is I don't know,
I'm suspicious. Edmund Benedict. But was Benedict ever a lucky name?
Speaker 2 (02:37):
The most famous Benedict is probably the pope and then
Benedict Arnold Benedict. I mean the Pope. I wouldn't say
that's lucky. I think that's a different kind of foresight, right,
it was just like, you know, God selected him according
to the Catholics. How about the eggs, eggs Benedicts. That's good,
that's good. Treacherous eggs, yeah, Trader Mark Carrio McCay know Ace, Ace, Tashi, Tashi,
(03:04):
Octavian Okay, and Florentine. Oh like fluoride. That's the luckiest
names of the world. Ladies and gentlemen, there you go.
Congratulations now you know. Now I'm not going to look
at that list the rest of the day. Stock market,
Talk to me, how much does that determine your general
fear or exaltation with how the world is going?
Speaker 1 (03:27):
That you know, that's one of them. That's certainly one
of them. I think that people can be upset about
a lot, but if the economy is going okay, then
we're all generally okay. But if the economy goes hey wire,
then it's just it's one of those. It's almost like,
you know, yeah, it's almost like you're live in it.
You're hanging out with your family and tensions are not
(03:47):
the best. But at least the air conditioning is working.
But it's a hot summer day of the AC cuts out, Yeah,
somebody might end up, you know, throwing a sandal at
another person. You know, yeah, I suppose you know.
Speaker 2 (03:56):
It's it's like when when Hay Rooldy and all the
time kids flipped over the truck of the Jolly Ali Man,
just like the heat got to everybody. Remember that they
took they flipped his truck over. The Jolly Ali Man
was no nice guy, but like he was a jerk.
Speaker 1 (04:12):
He was a jerk. It's crazy.
Speaker 2 (04:14):
He's selling ice cream to these kids in this urban
area and he's like the biggest jerk in town, and
they're like having some sort of fight over how much
it costs for ice cream. He's like extorting them for
money because it's too hot and they're desperate for ice cream,
and so he's asking for like a dollar more per
cone or whatever, and the kids revolt by flipping his
truck over that he got to everybody there, I'm with you.
(04:36):
But people tell you all the time that the economy
and the stock market are not the same thing. And
I always get confused by that because I always like,
why do we care so much about the stock market?
Then if you're telling me that it doesn't directly relate
to what the economy is or isn't doing. So obviously
this has something to do with the new prime minister
(04:57):
in Canada. Don't you think this has something to do
with terror? This has something to do with talks about
this something to do with the fact that there have
been major declines in Navidia and Microsoft in the stocks
for weeks now, these big tech companies, and then maybe
just being afraid of the idea of a recession. When
Donald Trump wouldn't outright say that wouldn't happen for now,
(05:21):
I mean, how would he know?
Speaker 1 (05:22):
I guess.
Speaker 2 (05:23):
So I asked the artificial intelligence to explain today in
terms that a beginner who honestly, like, I have some
financial capabilities of knowing exactly what's going on very very loosely,
and it has to be very specific. But as a whole,
I couldn't tell you why the Nasdaq or the Dow
or anything like that is doing what it's doing. So
(05:43):
it says stock markets can be volatile, influenced by various
factors like political decisions, company performances, and global events. While
downturns can be concerning, they're also a part a natural
part of market cycles. It's crucial to focus on long
term investment goals and consult with actually advisors before you
make any changes to your investment strategy.
Speaker 1 (06:03):
That makes sense.
Speaker 2 (06:04):
Do you have the numbers up in front of you
like how it finished? I sure do, yeah, Like what
are we looking at here?
Speaker 1 (06:09):
Dal Jones was down eight hundred and ninety points or
negative two point zero eight percent, So they finished off
in forty one thousand, almost nine hundred and twelve there
s and P five hundred was down one hundred and
fifty five and a half points or minus two point
sixty nine percent, finish off the week at five thousand,
six hundred and fourteen and a half and the Nasdaq
(06:30):
took the biggest tumble of the major indices, was down
almost seven hundred and twenty eight points or minus four percent,
finish off the week at seventeen thousand, six hundred and
sixty excuse me, seventeen thousand, four hundred and sixty eight.
Speaker 2 (06:46):
So on Fox News Today or over the week, and
he basically said he was asked if he was predicting
a session a recession, Donald Trump did and the quote
essentially was, I hate to predict things like that. There
is a period of transition because of what we're doing
is very big. We're bringing wealth back to America. That's
a big thing. It takes a little time. And Scott Bestin,
(07:07):
who's the Treasury secretary, said the economy may have to
go through a dtox. What does that mean? The detox
for the economy we were sending it to rehab. I mean,
I guess when you get all these governmental cuts and everything,
But maybe I just think people just don't know what
they don't know, and if you're just a little bit
afraid of what that looks like. And for guys like
(07:28):
you and me, we're not day traders. I mean, we
got holdings that are very vague and aren't going to
be pulled out hopefully for another thirty years. So I'm like, not,
I'm not sweating like a single day, But there are
a lot of people out there that are There are
a lot of people out there that they have too
much money into one of these things, And I can
(07:49):
understand why this would be a little bit of a
problem for you. Well, if I'm talking to you right
and you're listening to this, and just like you, guys
may not have a lot of day to day care
about this, but it is obviously huge news. This is
one of the worst days that we've seen in Wall
Street in sometime. If you have important holdings or you
are thinking to yourself, Okay, what is you know?
Speaker 1 (08:11):
Like I do I pull stuff out here? Do I
double down?
Speaker 3 (08:16):
Like?
Speaker 2 (08:16):
Is this the time to buy in? If there was
ever a thought going on there, I would love to
hear from you so we can maybe get a little
bit of additional context, because that's just one thing that
me and Matt dis we don't cover. We cover a
lot of different things in an diagram of our interests
and things that we know stuff about financial stock market holdings,
especially on a day trading level, or not even on
(08:38):
a day trading level, but on like a big buy
level or having quite a bit of capital into stocks.
That's just not something that we we can speak to.
So if you can please call us four oh two
five five eight eleven ten, we'd love to chat with
you on the radio four oh two five five eight
eleven ten, or you can email me Emory at kfab
dot com on news radio eleve Kfab.
Speaker 1 (09:01):
Emery Sounger on news radio eleven ten Kfab. It kind
of surprises me.
Speaker 2 (09:05):
At the same time, I did have Rick that emailed in,
And this is kind of I think the prevailing thought
for most people that are paying attention to this. He says,
with all the socks tanking, there's only one positive way
to look at it. You've got to believe it will
only get so bad. And if you're looking at it
that way, it's time to buy. And that's true, right
If the value is going down, you would think this
is a cyclical thing. So what are we looking at here?
(09:26):
And I guess the bigger question is how bad of
news is this for the current administration that this happens.
Speaker 1 (09:34):
Donald Trump says he doesn't want to.
Speaker 2 (09:35):
Predict that there will or won't be a recession, says
we're doing very big things and it takes time for
this stuff to kind of happen.
Speaker 1 (09:41):
Then you're looking at.
Speaker 2 (09:42):
Scott Bessin, the Secretary of the Treasury, saying that the
economy needed to go through a detox period. But as
much as you're trying to achieve that level of transparency
of like, okay, yeah, it's still when stuff isn't going
the right way, or it may not be like perfect,
or there's I mean, this is certainly gonna be ammunition
(10:05):
for anti Trump people to go like, oh, see what
the economy is doing? Way to go? You voted in
Donald Trump. Now I don't know. I guess turn about
his fair play because Republicans would have done the same
thing for a Democratic president when it was happening under
his watch. But man, I gotta tell you pretty crazy stuff.
Four two, five, five, eight, eleven, ten is the number
(10:26):
if you want to call Sarah's on the line. Hello, Sarah,
what's on your mind today?
Speaker 1 (10:30):
Oh?
Speaker 5 (10:30):
Hey, Emery Hope, you're well.
Speaker 1 (10:31):
Thanks you too, real quick?
Speaker 5 (10:34):
Before I get to money, we did forget Benedict Cumberbat
during the Benedict career, Yeah, that's a good great pretty
amazing actor and fun fun name to say too. Oh yeah,
that's right, that's right. And he was even the Grinch
the so that was a fun one.
Speaker 1 (10:51):
Nice.
Speaker 5 (10:51):
Yeah. I don't I don't know anything about the stock market.
I know that living debt free can be hard, but
it's worth it.
Speaker 4 (10:58):
For We ended up getting rid of.
Speaker 5 (11:00):
Our credit card by getting the loan and putting all
the debt in, you know, and then we have the payment.
But living without a credit card is so freeing, and
you know, learning to go with less and that kind
of thing. We're still trying to figure out money to spend,
you know, like don't go out to eat as much,
and you'll have so much money. And I don't know,
And I know that it's wise to invest some because
(11:23):
that's just wise. But I think today our spending is
out of control and that I don't know. If are
your listeners, then you will remember the Little House on
the Prairie series. But Paul Ingles was always saying cash
on the barrel. He didn't want to take any credit
from the general store. He wanted to just pay cash.
And I think today we just need to do with less,
(11:46):
not have credit cards. And do our best to you know,
be a little more pruval.
Speaker 4 (11:50):
That's my thought.
Speaker 2 (11:51):
Yeah, and that's good invice, Sarah, and I think that
there's going to be most I think most people in
general would what you're saying. I guess the overarching question
for a lot of people would be like, Yeah, that's
the smart way to live. But if we want to
stimulate the economy as best as we possibly can, we
(12:13):
need to know that the economy itself is healthy. And
I'm not sure that what we're seeing in the stock
markets right now, at least today, is an indicator of
what it would be a healthy economy. So you yourself, Sarah,
it sounds like you have set yourself up and anybody
living like you set yourself up to be able to
withstand that. But at the same time, there seems to
be kind of this idea that maybe America in general,
(12:35):
based on these numbers, maybe the economy isn't going to
be that great at least for a number of weeks
or months. And I don't know if that's accurate or not.
But for those people, you know, I don't know even
if getting out of debt three makes them feel all
that much better about it. Because it's hard to be
optimistic about what the future of the economy is when
(12:56):
you see this.
Speaker 5 (12:56):
Happen, right, is that as very important? And those are
the things that I think we need to consider. And
if somebody is doing investments to save up money for
college for their children, that kind of thing. But people
living in debt where they've got so much debt they
can't even pay the monthly payments and they're not they're
going to lose their home and seventy six thousand, one
hundred thousand dollars in debt, I mean that there's no
(13:19):
place for that. But we get ourselves to that because
we say, oh, we'll just pay it off next month
and all we really want to have this item. But
I think getting out of debt, I mean, and you know,
maybe you have a good way that you can use
a credit card. You pay it off every month and
you get your miles or you get your you know,
extra rewards, so then you can use that towards something
(13:39):
else and you're smart about it. That would be a
great thing. But I think a lot of us just
cannot use credit cards.
Speaker 2 (13:45):
Well yeah, no, no, hey, And there's no doubt that
that's not the case. I mean, there have been people
doing my show that like not my show, but have
done my career and they've made a living on how
helping people with credit card debt. So you know that
that means that there's a lot of people out there
that's had the issue. I like to think that we
(14:07):
manage ours pretty well, but I've been in debt my
entire life. I'm still paying off my student loans, Sarah,
So I haven't really ever.
Speaker 5 (14:13):
Felt on mine. Mine were helped by an administration I
didn't agree with, but that was the one thing that
administration did was payoff around five thousand or so dollars
and that was very helpful. But you know, and being
thankful to being thankful that we have all these choices
of what kind of food, and faithful that we have
you can buy whatever kind of card, Faithful that we
(14:34):
can have clothes to put on our children's backs. You know,
just be grateful that we have a lot that we
have in this country.
Speaker 1 (14:40):
Yeah.
Speaker 2 (14:40):
I don't think I could say better myself, Sarah. I
really appreciate the time today. Thanks for calling in.
Speaker 6 (14:44):
Yep, you're welcome.
Speaker 5 (14:45):
Thanks to Emory take Care.
Speaker 1 (14:46):
Yeah you too.
Speaker 2 (14:48):
Debt Free is an interesting way to put that. Would
you consider the way I do my credit card steph
f Remap. It would be I make a purchase for
like twenty five hundred dollars to fix a car problem
or whatever. You know, let's say I don't know, having
a flat tire and or you know, having your window
smashed down, and you have a few hundred dollars in bills.
It makes sense, and you have a credit card that
(15:11):
you get rewards for using the credit card. So I
use the credit card, but then I immediately pay the
credit card off before the end of the month, so
I get the rewards on the card, but I'm not
actually out any money because it hasn't charged me any
interests because I didn't make it to the end of
the months. That's a different like that's not going into
(15:31):
debt necessarily, but I can see how it could maybe
get away from you if you got to a cavalier
with the way that And you have to obviously, like
my wife does most of this, not me, but budgeting
with the money that we're bringing in, so we know
how much we can put on the credit cards and
pay them off in the same month.
Speaker 1 (15:47):
That makes sense. Yeah, and you know, bad things can happen.
It can snowball on you. It happens to a lot
of people. It's nice to take those are word wards though.
Speaker 2 (15:55):
Some of those credit cards have really nice rewards, and
you talk about like airline miles and stuff, especially if
a big traveler, you can accrue those by just kind
of Oh the rental card that we paid for in Spain,
I didn't pay a dollar. I had that thing for
three days and I paid zero dollars. It was a
credit card points that we used that we accrued by
using the credit card.
Speaker 1 (16:14):
There you go. You's got to manage it.
Speaker 2 (16:16):
Right now, we'll keep this conversation going stock trading, trying
to understand what the economy is doing. What does a
day like this where Wall Street gets absolutely decimated right
in front of our very eyes, and you're trying to
figure out, like, what does the future hold? What does
this mean? These are the things that we're talking about.
Call us at four h two, five to five, eight
to eleven ten. If you know stuff about this, if
(16:37):
you have experience with this, or you have concerns, I'm
here for you, and i'd just really kind of like
to pick your brain. Four oh two five five eight
eleven ten on news radio eleven ten kfabe.
Speaker 1 (16:50):
Emery Sunger on news radio eleven ten kfab.
Speaker 2 (16:55):
Not so great if you're a big investor on Wall Street.
That could have muddied up your outla look on today.
Not looking good. Matt Case gave us the numbers just
a little bit ago. We will revisit those of you
miss in just a little bit. But gosh, not a
great day if you're an investor. But I'm just kind
of trying to understand what the interpretation here is because
we can get into the weeds about like what this
(17:15):
could potentially mean for the economy moving forward. It could
be kind of the harbinger for a recession, things of
that nature, right, And I am certainly of no authority
to be able to talk about that because I just
don't know. I'll just be flat and honest with you.
And I know a lot of people out there who
are way more into watching the stock market and investing
(17:36):
their hard earned dollars on it. So I'd love to
hear from you at four h two five five eight
eleven ten. Four h two five five eight eleven ten,
Steve's on the line. Welcome in, Steve, What's on your
mind today.
Speaker 4 (17:45):
Hey, Emery, A nerdy thing that I started doing a
couple of years ago, September twenty two. I just take
a couple of minutes and write down the downs deak
and they asked you five hundred. Even after today, the
doll is twenty five percent plus over two and a
half years. The Nasdaq is up thirty two and five hundreds,
(18:06):
just short of thirty percent. I just thought it'd be
a different perspective to share. Yeah, that's somebody got it.
If somebody got with us two and a half years
ago and said, hey, you're gonna make twenty five to
thirty percent over the next two and a half years,
would you be okay with that? Yeah?
Speaker 1 (18:21):
Yeah, so so yeah.
Speaker 2 (18:22):
When you look at it from a micro perspective like this,
like oh, bad day for Wall Street. But when you
look at it like that a little bit more macro Steve,
you're just like, yeah, but remember where we were two
and a half years ago versus right now. Not the
same thing. It's a it's a good points to you.
I appreciate the comment there, Thank you, thank you.
Speaker 5 (18:38):
Yeah.
Speaker 2 (18:38):
I mean right, it's like you're watching the football. No basketball,
Let's do basketball. And then like a team goes on
like a twelve oh run over like a four minute span,
and you're just like, man, really bad time to be
a fan of the other team, right that twelve oh
run it's getting you. And you look at the score
and it's fifty to thirty five and the team that
went on the twelve oh run is still down by
(18:59):
fifteen points. It's like, well, we don't need to throw
the entire game away just because we had a bad
four minutes and the whole game still counts. Unless you bought.
You bought in sometime in the interim. You just started
buying into the stock market last week, and then you
look at what happens today and you're like, why did
I do this?
Speaker 1 (19:18):
This is bad. I get good advisors. Kids.
Speaker 2 (19:21):
Brian's on the phone line of four h two, five, five,
eight to eleven ten. What's on your mind today, Brian?
Speaker 6 (19:25):
Well, I don't know some four to oh one case
or mutual funds, but I've had an e trade account
for decades and I'm not a day trader. I'm more like,
I'll buy things when I think they're on sale, and
if they sell in a couple of years, when I
think they've gone up really high, or they burst through
my asking price, or maybe if they don't, they just
(19:46):
sit there. I look at them and think of how
stupid I can be sometimes. But I have a little
bit on something right now because I have. As I've
said before, I expect the economy to really suck because
of the policies which Trump has promised he would do,
you know, tax cuts and tariffs.
Speaker 1 (20:07):
Okay, so you think this is a harbinger of bad
things to come.
Speaker 6 (20:12):
Well, for example, when Glenn Beck was saying, oh, the
banks are gonna you know, crash because a couple had
gone out of business and all the bank stocks are
going down. I got some US bank stock and it's
gone up pretty well. But ever since the November election
it's been going down. So I would just say, well, okay,
(20:33):
it's a buying opportunity. Look for things to be on
sale and bye bye buy and if you've got mutual
funds and all that, we'll hang on to them and
just wait your things heavily towards stock, because you shouldn't
sell when things are bad. It's always like it's some
thing's on the cover of the magazine as the greatest thing.
That's when you should sell and if everyone's panicking, that's
(20:53):
when you should buy.
Speaker 2 (20:55):
Yeah, And I definitely see that online as I'm looking
through some message boards things of people just saying like, well,
if you're an opportunist at this moment, wow, just take
take take advantage of this opportunity the best that you can. Brian,
thanks for the call, appreciate your thoughts on this. Yeah,
if you've got thoughts, you can CAUs four h two
five five eight eleven ten. Four h two five eight
(21:17):
eleven ten. Doug's got a theory you want to hear
Doug's theory. Have become so dependent on government handouts in
decades of out of control spending, the path would have
destroyed us eventually, thoughts. For sure, no one would ever
try to make real change. Real change doesn't come without blowback.
Over fifty years, we allowed our factories to leave and
go elsewhere. We even encourage it at times. We traded
(21:39):
our factory jobs for administrative jobs. And now our young
men that are not office material, but we're great workers,
they don't have anywhere to turn. Let's recruit a factory
to Omaha. Trump wants to move back jobs back home.
What's the plan to draw them here. That's a great
topic and appreciate it, Doug. And that would help. Like
and this is what we talked about with the tariffs too.
(22:01):
It would be beneficial for the United States to have tariffs.
But if you're gonna have tariffs, that's going to make
American products be more affordable and probably stimulate the local
economy a little bit more. But in turn, that means
the terrafs have to be long term, because that's the
only way that that actually would work, because you're going
(22:22):
to need the tariffs to be there as long as possible.
With the idea that we can get the factories moved here,
built here, we can invest in that infrastructure and be
to a point where you would hope that we would
not have to rely on any type of imports. The
only question is if there's retaliatory tariffs on what we're
doing here, how does that also hurt, Because that's the problem.
(22:46):
You tariff twenty five percent tariff on stuff coming from Canada,
from Mexico, twenty percent tariff on what's going from China.
You have tariffs or retaliatory tariffs on a bunch of
different stuff from around the world. But if you have
a retaliatory tariff on and you and the people in
the business that you're trying to do here and export
it to somewhere else and it gets tariffed, wouldn't that
(23:08):
also kind of harm our economy. I mean, it's kind
of a double edged sword that at the same time.
I just we're gonna have to let it play out
for us to really know what's gonna happen. And I
know a lot of people out there just like this
is too serious, This is too important to be messing
around with it. I guess we're gonna find out one
way or the other. But this stock market crash definitely
(23:29):
has people alarmed, even if it is just one really
bad day. It comes at a very strange time and
a time where people are like Donald Trump didn't rule
out a recession. We have this Canada thing going on,
and yeah, we just we got a lot of different
things going on out there that make people a little
bit freight for having money wrapped up in the stock
market right now three forty five, we'll have more on
(23:51):
the way. Stick around call us if you have some
thoughts at four h two, five, five, eight, eleven ten
on news radio eleven ten KFAB Emerice Sunger thinking about
it us or has something on their mind in relation
to this. Four oh two five five eight to eleven ten.
Four oh two, five five eight to eleven ten and uh,
a Zeus, our friend a Zeus is on the phone line. Welcome,
(24:12):
hey Zeus. What are you thinking about?
Speaker 6 (24:13):
Hey?
Speaker 3 (24:14):
Thanks for having me on. You know, the first thing
about the stock markets, if you ever, I like listening
to Varney and Company and Charles Paying those guys from
if I can say it's Fox Business, but I like
listening to them. They said they were talking about when
all this was going on, to not think of the
stocks like a casino player. Okay, you got to look
(24:34):
at it in the long run. It's in the long haul,
like the one gentleman was talking before. So just be patient,
remember that stocks go up and down, and to just
stay calm as they start. As the stocks do, they
go up, they go down, they go up, they go
down in and the ones that are patient and stay
calm are the ones that continue to win in the
(24:56):
stock markets. As well as for the for the terror,
I did a little research and stuff and the us AG.
I just wanted to let people know if you go
through and find stuff about the current Canadian tariffs on
US products, and people don't some people don't know that
they charge us and our dairy farmers know this. They
(25:17):
charge milk two hundred and seventy percent tariff on US
cheese is two hundred and forty five, butter two hundred
and ninety eight percent, chicken two hundred and thirty eight,
sausage sixty nine point nine. They charged forty eight percent
on copper, forty five on aluminum. Twenty five months. Still
they charged for our cars going in there twenty five percent.
Speaker 1 (25:40):
Yeah, yeah, it's it's yeah, go ahead, it's amazing.
Speaker 2 (25:44):
Yeah, hey, zus, I appreciate the call in that information
and as always, you know, have a great day, just
to just to you know, climb back onto that you
want to talk about. Just not understanding what that looks like.
Well that that's important. That's important context here because there.
Speaker 1 (26:02):
Is a lot of like there is already a lot
of it. How do I put this?
Speaker 2 (26:10):
We go out of our way in a lot of
ways to just think that we know it all. I'll
just be blunt here and we don't know it all.
And it's not until now where we have this situation
that we're relying on our current government to make decisions
that make sense for us. And that's fine and Dany,
(26:31):
that's all true. I'm not here to tell you that
that's wrong. What I am here to tell you is
that it's pretty obviously. These tariffs have been going on
for some time. There's been a lot of tariffing that's
been going back and forth, exports imports. There's been tariffs
since imports and exports were a thing. Right, Everybody wants
their stuff to be more valuable than the stuff that
either they're bringing in or their sending out. It's important
(26:54):
if you're trying to stabilize your own economy to put
an emphasis on what's being manufactured in your place over
making it easy for you to import other things. Now
you would like to think, okay, well, as a consumer,
I would really like to have a choice.
Speaker 1 (27:12):
I'd like to have the pickings.
Speaker 2 (27:14):
And you know what, if my Japanese car, my Korean car,
my Chinese car, and my American car were all in
front of me and they were all the same price,
and I could go through, or they were a competitive
prices and I could go through and figure out which
one made most sense for me. That's what I would
like as an American person with free will. At the
same time, if you could explain to me why buying
(27:36):
the American car makes more sense for everyone than buying
the Chinese car, the Japanese car, the Korean car, and
you can tell me straight up it has everything to
do with stimulating this economy, and it will actually help
the stock market, it will actually help American business, it
will actually help jobs in the United States. You are
actually supporting what is already here. So you have to
(27:59):
kind of bat the whole free will thing with also
trying to understand how these tariffs are actually going to
build this kind of self sustaining bubble theoretically in the
United States, and whether the demand, the supply and demand
in that delicate relationship between the two of them, is
going to be able to be profitable for a lot
(28:20):
of the sectors that we're going to try to capitalize on.
If it comes to long term tariffs on places like Mexico, Canada, China,
retaliatory tariffs on basically everyone in the world who's got
tariffs on us, then we're just going to have to
let time kind of settle that. But as of right now,
if you think the economy is in an unhealthy place,
(28:41):
or you think that the American economy can be stimulated better,
then I think this idea is one worth trying. The
other side of the coin is that this goes completely terribly.
We kind of lose the opportunity to have affordable vehicles
or affordable imports of any kind because we're putting an
emphasis on the the American made or the American grown
(29:02):
or whatever. It could be really good for the people
who produce in manufacture here in the United States, but
it also could be not so great for the consumer
because it kind of limits our price or it kind
of limits our ability to have competitive pricing with maybe
vehicles that we would prefer for less money. Now, all
(29:23):
of a sudden, if I wanted to buy an imported
vehicle that I think is better, If I wanted to
buy a Volkswagen that was manufactured in Germany and we
imported that for whatever reason, well, I'm going to have
to pay more money on that based on what these
tariffs are going to do.
Speaker 1 (29:37):
Am I willing to do that?
Speaker 2 (29:39):
Or do I just bite the bullet and stimulate the
American economy with me buying a car that wasn't my
first or maybe even second or third choice. I'm buying
it because the price is lower because our American government
told me that this is.
Speaker 1 (29:51):
What I should be doing. Instead.
Speaker 2 (29:55):
It's good to stimulate the American economy. Get me wrong,
but again, I'm going to go back to kind of
what my argument is on a daily basis here, if
a Democratic president or administration was instituting this type of
idea of like, if a Democrat, let's say Obama or Biden,
(30:15):
said I want to put twenty five percent tariffs over here,
I want it retaliatory tarifs for tariffing everybody, and I
can't promise we won't go into a recession, and then
the stock market has a big tumble, you know, two three,
four percent across the board.
Speaker 1 (30:31):
I think we'd all be pretty like, okay, this is back.
Speaker 2 (30:36):
But because it's a Republican president, I think we're all
kind of just like, let's let this play out a
little bit. It's really interesting that fragile economy that we
live in. More on the Way on news Radio eleven
ten kfab
Twenty twenty five.
Speaker 2 (00:03):
Celebrity Psychic looks at an insight to true meetings of
names and essentially like, I don't know, I don't know.
It's just it's something about the what the name means
and what that could mean in twenty twenty five? What
do you think give me a give me a name
that you think is a lucky name for girls in
(00:23):
twenty so?
Speaker 1 (00:24):
Why is it? Why? Who's determining this?
Speaker 3 (00:26):
Again?
Speaker 2 (00:27):
A celebrity psychic along with name Barry and four bears.
This is all very it's all very very a celebrity psychic.
There's also dude, I don't know. They sent me the
email pitching this is a story that they think I
should like have somebody on.
Speaker 1 (00:46):
Oh yeah, oh can we call somebody? I don't want to.
They probably know, well they knew you weren't going to call.
Speaker 2 (00:50):
By the way they did, but they I definitely want
to talk about.
Speaker 1 (00:53):
This list me too. What's what's what's on the list?
Speaker 2 (00:56):
Guess what's a lucky name for a girl? I have
the op ten in front of me. How about just
how about clover for four leaf clover? No, Iris is
number one? Iris not a bad name. Actually, Iris is
the name of the Good Lady and the natural Glenn
close place.
Speaker 1 (01:12):
It makes me think of that Goo Goo Dolls song. Yeah,
good song was That song was on the hunchback of
Notre Dame. Felicia Felicia.
Speaker 2 (01:21):
It's number two, okay, Beata is three, Beata, Penny is four, penny,
Oh lucky, Penny, Iron is five? Jade Winifred wait Iron?
How's it spelled? A y a n A y a
n yeah? Iron?
Speaker 1 (01:36):
Oh, okay, sure, yeah.
Speaker 2 (01:37):
Jade Winifred. Girls are being named Winnifred again Beatrix, I
think winnies. That's pretty cute for short Winny. That's pretty good, Beatrix.
But you know what, can I call this list out?
Lucky names and pennies on there? And Winifred short for
win or winning give me a break, Beatrix, BENTI and Felicity.
Are we sure it's not Beatrix? That's how we'd pronounce
(01:59):
it around here.
Speaker 4 (02:00):
I know.
Speaker 2 (02:01):
On the boy's side, Felix is number one. I like Felix,
so Felix and Felicia are both very high. Something about
the fee in Felicity. On the girl's side as well, Felix, Amen,
ay an lucky, You've got a number three?
Speaker 1 (02:18):
Boys name. Stop it. Don't name your kid lucky.
Speaker 2 (02:20):
They say on this four hundred and forty thousand people
have that name.
Speaker 1 (02:25):
They can't be right. There's something going on with this psidechic.
This is a mailed in list. This is I don't know,
I'm suspicious. Edmund Benedict. But was Benedict ever a lucky name?
Speaker 2 (02:37):
The most famous Benedict is probably the pope and then
Benedict Arnold Benedict. I mean the Pope. I wouldn't say
that's lucky. I think that's a different kind of foresight, right,
it was just like, you know, God selected him according
to the Catholics. How about the eggs, eggs Benedicts. That's good,
that's good. Treacherous eggs, yeah, Trader Mark Carrio McCay know Ace, Ace, Tashi, Tashi,
(03:04):
Octavian Okay, and Florentine. Oh like fluoride. That's the luckiest
names of the world. Ladies and gentlemen, there you go.
Congratulations now you know. Now I'm not going to look
at that list the rest of the day. Stock market,
Talk to me, how much does that determine your general
fear or exaltation with how the world is going?
Speaker 1 (03:27):
That you know, that's one of them. That's certainly one
of them. I think that people can be upset about
a lot, but if the economy is going okay, then
we're all generally okay. But if the economy goes hey wire,
then it's just it's one of those. It's almost like,
you know, yeah, it's almost like you're live in it.
You're hanging out with your family and tensions are not
(03:47):
the best. But at least the air conditioning is working.
But it's a hot summer day of the AC cuts out, Yeah,
somebody might end up, you know, throwing a sandal at
another person. You know, yeah, I suppose you know.
Speaker 2 (03:56):
It's it's like when when Hay Rooldy and all the
time kids flipped over the truck of the Jolly Ali Man,
just like the heat got to everybody. Remember that they
took they flipped his truck over. The Jolly Ali Man
was no nice guy, but like he was a jerk.
Speaker 1 (04:12):
He was a jerk. It's crazy.
Speaker 2 (04:14):
He's selling ice cream to these kids in this urban
area and he's like the biggest jerk in town, and
they're like having some sort of fight over how much
it costs for ice cream. He's like extorting them for
money because it's too hot and they're desperate for ice cream,
and so he's asking for like a dollar more per
cone or whatever, and the kids revolt by flipping his
truck over that he got to everybody there, I'm with you.
(04:36):
But people tell you all the time that the economy
and the stock market are not the same thing. And
I always get confused by that because I always like,
why do we care so much about the stock market?
Then if you're telling me that it doesn't directly relate
to what the economy is or isn't doing. So obviously
this has something to do with the new prime minister
(04:57):
in Canada. Don't you think this has something to do
with terror? This has something to do with talks about
this something to do with the fact that there have
been major declines in Navidia and Microsoft in the stocks
for weeks now, these big tech companies, and then maybe
just being afraid of the idea of a recession. When
Donald Trump wouldn't outright say that wouldn't happen for now,
(05:21):
I mean, how would he know?
Speaker 1 (05:22):
I guess.
Speaker 2 (05:23):
So I asked the artificial intelligence to explain today in
terms that a beginner who honestly, like, I have some
financial capabilities of knowing exactly what's going on very very loosely,
and it has to be very specific. But as a whole,
I couldn't tell you why the Nasdaq or the Dow
or anything like that is doing what it's doing. So
(05:43):
it says stock markets can be volatile, influenced by various
factors like political decisions, company performances, and global events. While
downturns can be concerning, they're also a part a natural
part of market cycles. It's crucial to focus on long
term investment goals and consult with actually advisors before you
make any changes to your investment strategy.
Speaker 1 (06:03):
That makes sense.
Speaker 2 (06:04):
Do you have the numbers up in front of you
like how it finished? I sure do, yeah, Like what
are we looking at here?
Speaker 1 (06:09):
Dal Jones was down eight hundred and ninety points or
negative two point zero eight percent, So they finished off
in forty one thousand, almost nine hundred and twelve there
s and P five hundred was down one hundred and
fifty five and a half points or minus two point
sixty nine percent, finish off the week at five thousand,
six hundred and fourteen and a half and the Nasdaq
(06:30):
took the biggest tumble of the major indices, was down
almost seven hundred and twenty eight points or minus four percent,
finish off the week at seventeen thousand, six hundred and
sixty excuse me, seventeen thousand, four hundred and sixty eight.
Speaker 2 (06:46):
So on Fox News Today or over the week, and
he basically said he was asked if he was predicting
a session a recession, Donald Trump did and the quote
essentially was, I hate to predict things like that. There
is a period of transition because of what we're doing
is very big. We're bringing wealth back to America. That's
a big thing. It takes a little time. And Scott Bestin,
(07:07):
who's the Treasury secretary, said the economy may have to
go through a dtox. What does that mean? The detox
for the economy we were sending it to rehab. I mean,
I guess when you get all these governmental cuts and everything,
But maybe I just think people just don't know what
they don't know, and if you're just a little bit
afraid of what that looks like. And for guys like
(07:28):
you and me, we're not day traders. I mean, we
got holdings that are very vague and aren't going to
be pulled out hopefully for another thirty years. So I'm like, not,
I'm not sweating like a single day, But there are
a lot of people out there that are There are
a lot of people out there that they have too
much money into one of these things, And I can
(07:49):
understand why this would be a little bit of a
problem for you. Well, if I'm talking to you right
and you're listening to this, and just like you, guys
may not have a lot of day to day care
about this, but it is obviously huge news. This is
one of the worst days that we've seen in Wall
Street in sometime. If you have important holdings or you
are thinking to yourself, Okay, what is you know?
Speaker 1 (08:11):
Like I do I pull stuff out here? Do I
double down?
Speaker 3 (08:16):
Like?
Speaker 2 (08:16):
Is this the time to buy in? If there was
ever a thought going on there, I would love to
hear from you so we can maybe get a little
bit of additional context, because that's just one thing that
me and Matt dis we don't cover. We cover a
lot of different things in an diagram of our interests
and things that we know stuff about financial stock market holdings,
especially on a day trading level, or not even on
(08:38):
a day trading level, but on like a big buy
level or having quite a bit of capital into stocks.
That's just not something that we we can speak to.
So if you can please call us four oh two
five five eight eleven ten, we'd love to chat with
you on the radio four oh two five five eight
eleven ten, or you can email me Emory at kfab
dot com on news radio eleve Kfab.
Speaker 1 (09:01):
Emery Sounger on news radio eleven ten Kfab. It kind
of surprises me.
Speaker 2 (09:05):
At the same time, I did have Rick that emailed in,
And this is kind of I think the prevailing thought
for most people that are paying attention to this. He says,
with all the socks tanking, there's only one positive way
to look at it. You've got to believe it will
only get so bad. And if you're looking at it
that way, it's time to buy. And that's true, right
If the value is going down, you would think this
is a cyclical thing. So what are we looking at here?
(09:26):
And I guess the bigger question is how bad of
news is this for the current administration that this happens.
Speaker 1 (09:34):
Donald Trump says he doesn't want to.
Speaker 2 (09:35):
Predict that there will or won't be a recession, says
we're doing very big things and it takes time for
this stuff to kind of happen.
Speaker 1 (09:41):
Then you're looking at.
Speaker 2 (09:42):
Scott Bessin, the Secretary of the Treasury, saying that the
economy needed to go through a detox period. But as
much as you're trying to achieve that level of transparency
of like, okay, yeah, it's still when stuff isn't going
the right way, or it may not be like perfect,
or there's I mean, this is certainly gonna be ammunition
(10:05):
for anti Trump people to go like, oh, see what
the economy is doing? Way to go? You voted in
Donald Trump. Now I don't know. I guess turn about
his fair play because Republicans would have done the same
thing for a Democratic president when it was happening under
his watch. But man, I gotta tell you pretty crazy stuff.
Four two, five, five, eight, eleven, ten is the number
(10:26):
if you want to call Sarah's on the line. Hello, Sarah,
what's on your mind today?
Speaker 1 (10:30):
Oh?
Speaker 5 (10:30):
Hey, Emery Hope, you're well.
Speaker 1 (10:31):
Thanks you too, real quick?
Speaker 5 (10:34):
Before I get to money, we did forget Benedict Cumberbat
during the Benedict career, Yeah, that's a good great pretty
amazing actor and fun fun name to say too. Oh yeah,
that's right, that's right. And he was even the Grinch
the so that was a fun one.
Speaker 1 (10:51):
Nice.
Speaker 5 (10:51):
Yeah. I don't I don't know anything about the stock market.
I know that living debt free can be hard, but
it's worth it.
Speaker 4 (10:58):
For We ended up getting rid of.
Speaker 5 (11:00):
Our credit card by getting the loan and putting all
the debt in, you know, and then we have the payment.
But living without a credit card is so freeing, and
you know, learning to go with less and that kind
of thing. We're still trying to figure out money to spend,
you know, like don't go out to eat as much,
and you'll have so much money. And I don't know,
And I know that it's wise to invest some because
(11:23):
that's just wise. But I think today our spending is
out of control and that I don't know. If are
your listeners, then you will remember the Little House on
the Prairie series. But Paul Ingles was always saying cash
on the barrel. He didn't want to take any credit
from the general store. He wanted to just pay cash.
And I think today we just need to do with less,
(11:46):
not have credit cards. And do our best to you know,
be a little more pruval.
Speaker 4 (11:50):
That's my thought.
Speaker 2 (11:51):
Yeah, and that's good invice, Sarah, and I think that
there's going to be most I think most people in
general would what you're saying. I guess the overarching question
for a lot of people would be like, Yeah, that's
the smart way to live. But if we want to
stimulate the economy as best as we possibly can, we
(12:13):
need to know that the economy itself is healthy. And
I'm not sure that what we're seeing in the stock
markets right now, at least today, is an indicator of
what it would be a healthy economy. So you yourself, Sarah,
it sounds like you have set yourself up and anybody
living like you set yourself up to be able to
withstand that. But at the same time, there seems to
be kind of this idea that maybe America in general,
(12:35):
based on these numbers, maybe the economy isn't going to
be that great at least for a number of weeks
or months. And I don't know if that's accurate or not.
But for those people, you know, I don't know even
if getting out of debt three makes them feel all
that much better about it. Because it's hard to be
optimistic about what the future of the economy is when
(12:56):
you see this.
Speaker 5 (12:56):
Happen, right, is that as very important? And those are
the things that I think we need to consider. And
if somebody is doing investments to save up money for
college for their children, that kind of thing. But people
living in debt where they've got so much debt they
can't even pay the monthly payments and they're not they're
going to lose their home and seventy six thousand, one
hundred thousand dollars in debt, I mean that there's no
(13:19):
place for that. But we get ourselves to that because
we say, oh, we'll just pay it off next month
and all we really want to have this item. But
I think getting out of debt, I mean, and you know,
maybe you have a good way that you can use
a credit card. You pay it off every month and
you get your miles or you get your you know,
extra rewards, so then you can use that towards something
(13:39):
else and you're smart about it. That would be a
great thing. But I think a lot of us just
cannot use credit cards.
Speaker 2 (13:45):
Well yeah, no, no, hey, And there's no doubt that
that's not the case. I mean, there have been people
doing my show that like not my show, but have
done my career and they've made a living on how
helping people with credit card debt. So you know that
that means that there's a lot of people out there
that's had the issue. I like to think that we
(14:07):
manage ours pretty well, but I've been in debt my
entire life. I'm still paying off my student loans, Sarah,
So I haven't really ever.
Speaker 5 (14:13):
Felt on mine. Mine were helped by an administration I
didn't agree with, but that was the one thing that
administration did was payoff around five thousand or so dollars
and that was very helpful. But you know, and being
thankful to being thankful that we have all these choices
of what kind of food, and faithful that we have
you can buy whatever kind of card, Faithful that we
(14:34):
can have clothes to put on our children's backs. You know,
just be grateful that we have a lot that we
have in this country.
Speaker 1 (14:40):
Yeah.
Speaker 2 (14:40):
I don't think I could say better myself, Sarah. I
really appreciate the time today. Thanks for calling in.
Speaker 6 (14:44):
Yep, you're welcome.
Speaker 5 (14:45):
Thanks to Emory take Care.
Speaker 1 (14:46):
Yeah you too.
Speaker 2 (14:48):
Debt Free is an interesting way to put that. Would
you consider the way I do my credit card steph
f Remap. It would be I make a purchase for
like twenty five hundred dollars to fix a car problem
or whatever. You know, let's say I don't know, having
a flat tire and or you know, having your window
smashed down, and you have a few hundred dollars in bills.
It makes sense, and you have a credit card that
(15:11):
you get rewards for using the credit card. So I
use the credit card, but then I immediately pay the
credit card off before the end of the month, so
I get the rewards on the card, but I'm not
actually out any money because it hasn't charged me any
interests because I didn't make it to the end of
the months. That's a different like that's not going into
(15:31):
debt necessarily, but I can see how it could maybe
get away from you if you got to a cavalier
with the way that And you have to obviously, like
my wife does most of this, not me, but budgeting
with the money that we're bringing in, so we know
how much we can put on the credit cards and
pay them off in the same month.
Speaker 1 (15:47):
That makes sense. Yeah, and you know, bad things can happen.
It can snowball on you. It happens to a lot
of people. It's nice to take those are word wards though.
Speaker 2 (15:55):
Some of those credit cards have really nice rewards, and
you talk about like airline miles and stuff, especially if
a big traveler, you can accrue those by just kind
of Oh the rental card that we paid for in Spain,
I didn't pay a dollar. I had that thing for
three days and I paid zero dollars. It was a
credit card points that we used that we accrued by
using the credit card.
Speaker 1 (16:14):
There you go. You's got to manage it.
Speaker 2 (16:16):
Right now, we'll keep this conversation going stock trading, trying
to understand what the economy is doing. What does a
day like this where Wall Street gets absolutely decimated right
in front of our very eyes, and you're trying to
figure out, like, what does the future hold? What does
this mean? These are the things that we're talking about.
Call us at four h two, five to five, eight
to eleven ten. If you know stuff about this, if
(16:37):
you have experience with this, or you have concerns, I'm
here for you, and i'd just really kind of like
to pick your brain. Four oh two five five eight
eleven ten on news radio eleven ten kfabe.
Speaker 1 (16:50):
Emery Sunger on news radio eleven ten kfab.
Speaker 2 (16:55):
Not so great if you're a big investor on Wall Street.
That could have muddied up your outla look on today.
Not looking good. Matt Case gave us the numbers just
a little bit ago. We will revisit those of you
miss in just a little bit. But gosh, not a
great day if you're an investor. But I'm just kind
of trying to understand what the interpretation here is because
we can get into the weeds about like what this
(17:15):
could potentially mean for the economy moving forward. It could
be kind of the harbinger for a recession, things of
that nature, right, And I am certainly of no authority
to be able to talk about that because I just
don't know. I'll just be flat and honest with you.
And I know a lot of people out there who
are way more into watching the stock market and investing
(17:36):
their hard earned dollars on it. So I'd love to
hear from you at four h two five five eight
eleven ten. Four h two five five eight eleven ten,
Steve's on the line. Welcome in, Steve, What's on your
mind today.
Speaker 4 (17:45):
Hey, Emery, A nerdy thing that I started doing a
couple of years ago, September twenty two. I just take
a couple of minutes and write down the downs deak
and they asked you five hundred. Even after today, the
doll is twenty five percent plus over two and a
half years. The Nasdaq is up thirty two and five hundreds,
(18:06):
just short of thirty percent. I just thought it'd be
a different perspective to share. Yeah, that's somebody got it.
If somebody got with us two and a half years
ago and said, hey, you're gonna make twenty five to
thirty percent over the next two and a half years,
would you be okay with that? Yeah?
Speaker 1 (18:21):
Yeah, so so yeah.
Speaker 2 (18:22):
When you look at it from a micro perspective like this,
like oh, bad day for Wall Street. But when you
look at it like that a little bit more macro Steve,
you're just like, yeah, but remember where we were two
and a half years ago versus right now. Not the
same thing. It's a it's a good points to you.
I appreciate the comment there, Thank you, thank you.
Speaker 5 (18:38):
Yeah.
Speaker 2 (18:38):
I mean right, it's like you're watching the football. No basketball,
Let's do basketball. And then like a team goes on
like a twelve oh run over like a four minute span,
and you're just like, man, really bad time to be
a fan of the other team, right that twelve oh
run it's getting you. And you look at the score
and it's fifty to thirty five and the team that
went on the twelve oh run is still down by
(18:59):
fifteen points. It's like, well, we don't need to throw
the entire game away just because we had a bad
four minutes and the whole game still counts. Unless you bought.
You bought in sometime in the interim. You just started
buying into the stock market last week, and then you
look at what happens today and you're like, why did
I do this?
Speaker 1 (19:18):
This is bad. I get good advisors. Kids.
Speaker 2 (19:21):
Brian's on the phone line of four h two, five, five,
eight to eleven ten. What's on your mind today, Brian?
Speaker 6 (19:25):
Well, I don't know some four to oh one case
or mutual funds, but I've had an e trade account
for decades and I'm not a day trader. I'm more like,
I'll buy things when I think they're on sale, and
if they sell in a couple of years, when I
think they've gone up really high, or they burst through
my asking price, or maybe if they don't, they just
(19:46):
sit there. I look at them and think of how
stupid I can be sometimes. But I have a little
bit on something right now because I have. As I've
said before, I expect the economy to really suck because
of the policies which Trump has promised he would do,
you know, tax cuts and tariffs.
Speaker 1 (20:07):
Okay, so you think this is a harbinger of bad
things to come.
Speaker 6 (20:12):
Well, for example, when Glenn Beck was saying, oh, the
banks are gonna you know, crash because a couple had
gone out of business and all the bank stocks are
going down. I got some US bank stock and it's
gone up pretty well. But ever since the November election
it's been going down. So I would just say, well, okay,
(20:33):
it's a buying opportunity. Look for things to be on
sale and bye bye buy and if you've got mutual
funds and all that, we'll hang on to them and
just wait your things heavily towards stock, because you shouldn't
sell when things are bad. It's always like it's some
thing's on the cover of the magazine as the greatest thing.
That's when you should sell and if everyone's panicking, that's
(20:53):
when you should buy.
Speaker 2 (20:55):
Yeah, And I definitely see that online as I'm looking
through some message boards things of people just saying like, well,
if you're an opportunist at this moment, wow, just take
take take advantage of this opportunity the best that you can. Brian,
thanks for the call, appreciate your thoughts on this. Yeah,
if you've got thoughts, you can CAUs four h two
five five eight eleven ten. Four h two five eight
(21:17):
eleven ten. Doug's got a theory you want to hear
Doug's theory. Have become so dependent on government handouts in
decades of out of control spending, the path would have
destroyed us eventually, thoughts. For sure, no one would ever
try to make real change. Real change doesn't come without blowback.
Over fifty years, we allowed our factories to leave and
go elsewhere. We even encourage it at times. We traded
(21:39):
our factory jobs for administrative jobs. And now our young
men that are not office material, but we're great workers,
they don't have anywhere to turn. Let's recruit a factory
to Omaha. Trump wants to move back jobs back home.
What's the plan to draw them here. That's a great
topic and appreciate it, Doug. And that would help. Like
and this is what we talked about with the tariffs too.
(22:01):
It would be beneficial for the United States to have tariffs.
But if you're gonna have tariffs, that's going to make
American products be more affordable and probably stimulate the local
economy a little bit more. But in turn, that means
the terrafs have to be long term, because that's the
only way that that actually would work, because you're going
(22:22):
to need the tariffs to be there as long as possible.
With the idea that we can get the factories moved here,
built here, we can invest in that infrastructure and be
to a point where you would hope that we would
not have to rely on any type of imports. The
only question is if there's retaliatory tariffs on what we're
doing here, how does that also hurt, Because that's the problem.
(22:46):
You tariff twenty five percent tariff on stuff coming from Canada,
from Mexico, twenty percent tariff on what's going from China.
You have tariffs or retaliatory tariffs on a bunch of
different stuff from around the world. But if you have
a retaliatory tariff on and you and the people in
the business that you're trying to do here and export
it to somewhere else and it gets tariffed, wouldn't that
(23:08):
also kind of harm our economy. I mean, it's kind
of a double edged sword that at the same time.
I just we're gonna have to let it play out
for us to really know what's gonna happen. And I
know a lot of people out there just like this
is too serious, This is too important to be messing
around with it. I guess we're gonna find out one
way or the other. But this stock market crash definitely
(23:29):
has people alarmed, even if it is just one really
bad day. It comes at a very strange time and
a time where people are like Donald Trump didn't rule
out a recession. We have this Canada thing going on,
and yeah, we just we got a lot of different
things going on out there that make people a little
bit freight for having money wrapped up in the stock
market right now three forty five, we'll have more on
(23:51):
the way. Stick around call us if you have some
thoughts at four h two, five, five, eight, eleven ten
on news radio eleven ten KFAB Emerice Sunger thinking about
it us or has something on their mind in relation
to this. Four oh two five five eight to eleven ten.
Four oh two, five five eight to eleven ten and uh,
a Zeus, our friend a Zeus is on the phone line. Welcome,
(24:12):
hey Zeus. What are you thinking about?
Speaker 6 (24:13):
Hey?
Speaker 3 (24:14):
Thanks for having me on. You know, the first thing
about the stock markets, if you ever, I like listening
to Varney and Company and Charles Paying those guys from
if I can say it's Fox Business, but I like
listening to them. They said they were talking about when
all this was going on, to not think of the
stocks like a casino player. Okay, you got to look
(24:34):
at it in the long run. It's in the long haul,
like the one gentleman was talking before. So just be patient,
remember that stocks go up and down, and to just
stay calm as they start. As the stocks do, they
go up, they go down, they go up, they go
down in and the ones that are patient and stay
calm are the ones that continue to win in the
(24:56):
stock markets. As well as for the for the terror,
I did a little research and stuff and the us AG.
I just wanted to let people know if you go
through and find stuff about the current Canadian tariffs on
US products, and people don't some people don't know that
they charge us and our dairy farmers know this. They
(25:17):
charge milk two hundred and seventy percent tariff on US
cheese is two hundred and forty five, butter two hundred
and ninety eight percent, chicken two hundred and thirty eight,
sausage sixty nine point nine. They charged forty eight percent
on copper, forty five on aluminum. Twenty five months. Still
they charged for our cars going in there twenty five percent.
Speaker 1 (25:40):
Yeah, yeah, it's it's yeah, go ahead, it's amazing.
Speaker 2 (25:44):
Yeah, hey, zus, I appreciate the call in that information
and as always, you know, have a great day, just
to just to you know, climb back onto that you
want to talk about. Just not understanding what that looks like.
Well that that's important. That's important context here because there.
Speaker 1 (26:02):
Is a lot of like there is already a lot
of it. How do I put this?
Speaker 2 (26:10):
We go out of our way in a lot of
ways to just think that we know it all. I'll
just be blunt here and we don't know it all.
And it's not until now where we have this situation
that we're relying on our current government to make decisions
that make sense for us. And that's fine and Dany,
(26:31):
that's all true. I'm not here to tell you that
that's wrong. What I am here to tell you is
that it's pretty obviously. These tariffs have been going on
for some time. There's been a lot of tariffing that's
been going back and forth, exports imports. There's been tariffs
since imports and exports were a thing. Right, Everybody wants
their stuff to be more valuable than the stuff that
either they're bringing in or their sending out. It's important
(26:54):
if you're trying to stabilize your own economy to put
an emphasis on what's being manufactured in your place over
making it easy for you to import other things. Now
you would like to think, okay, well, as a consumer,
I would really like to have a choice.
Speaker 1 (27:12):
I'd like to have the pickings.
Speaker 2 (27:14):
And you know what, if my Japanese car, my Korean car,
my Chinese car, and my American car were all in
front of me and they were all the same price,
and I could go through, or they were a competitive
prices and I could go through and figure out which
one made most sense for me. That's what I would
like as an American person with free will. At the
same time, if you could explain to me why buying
(27:36):
the American car makes more sense for everyone than buying
the Chinese car, the Japanese car, the Korean car, and
you can tell me straight up it has everything to
do with stimulating this economy, and it will actually help
the stock market, it will actually help American business, it
will actually help jobs in the United States. You are
actually supporting what is already here. So you have to
(27:59):
kind of bat the whole free will thing with also
trying to understand how these tariffs are actually going to
build this kind of self sustaining bubble theoretically in the
United States, and whether the demand, the supply and demand
in that delicate relationship between the two of them, is
going to be able to be profitable for a lot
(28:20):
of the sectors that we're going to try to capitalize on.
If it comes to long term tariffs on places like Mexico, Canada, China,
retaliatory tariffs on basically everyone in the world who's got
tariffs on us, then we're just going to have to
let time kind of settle that. But as of right now,
if you think the economy is in an unhealthy place,
(28:41):
or you think that the American economy can be stimulated better,
then I think this idea is one worth trying. The
other side of the coin is that this goes completely terribly.
We kind of lose the opportunity to have affordable vehicles
or affordable imports of any kind because we're putting an
emphasis on the the American made or the American grown
(29:02):
or whatever. It could be really good for the people
who produce in manufacture here in the United States, but
it also could be not so great for the consumer
because it kind of limits our price or it kind
of limits our ability to have competitive pricing with maybe
vehicles that we would prefer for less money. Now, all
(29:23):
of a sudden, if I wanted to buy an imported
vehicle that I think is better, If I wanted to
buy a Volkswagen that was manufactured in Germany and we
imported that for whatever reason, well, I'm going to have
to pay more money on that based on what these
tariffs are going to do.
Speaker 1 (29:37):
Am I willing to do that?
Speaker 2 (29:39):
Or do I just bite the bullet and stimulate the
American economy with me buying a car that wasn't my
first or maybe even second or third choice. I'm buying
it because the price is lower because our American government
told me that this is.
Speaker 1 (29:51):
What I should be doing. Instead.
Speaker 2 (29:55):
It's good to stimulate the American economy. Get me wrong,
but again, I'm going to go back to kind of
what my argument is on a daily basis here, if
a Democratic president or administration was instituting this type of
idea of like, if a Democrat, let's say Obama or Biden,
(30:15):
said I want to put twenty five percent tariffs over here,
I want it retaliatory tarifs for tariffing everybody, and I
can't promise we won't go into a recession, and then
the stock market has a big tumble, you know, two three,
four percent across the board.
Speaker 1 (30:31):
I think we'd all be pretty like, okay, this is back.
Speaker 2 (30:36):
But because it's a Republican president, I think we're all
kind of just like, let's let this play out a
little bit. It's really interesting that fragile economy that we
live in. More on the Way on news Radio eleven
ten kfab
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.