AI, Bitcoin & the Big Beautiful Bill: What You Need to Know Now

Episode Transcript
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Speaker 1 (00:00):
Good morning everybody. It's that time, eight o'clock.

Speaker 2 (00:04):
Right here on Sunday morning on seven ninety k S TEA.
It's the Moneymatter Show, and this is Dean Greenberg. Before
we get into things, I just want to let you
know that nothing is wrong with me. My health is fine.
All those things. We got a lot of calls at
the office wondering if I retired, wonder if I did
things like that, or how is my health?

Speaker 1 (00:27):
None of that.

Speaker 2 (00:29):
Is even relevant, not even close. When I am going
to say, I'm a pretty lucky guy because after forty
years of being in his business, I was able to
put together a staff that I can actually go away
with today's technology and operate anywhere in the world and

(00:52):
not miss a beat. My staff, my advisors fantastic and
we've grown to a big type of business that we're
all learning and moving forward. But with today's technology, no
matter where I am, in the middle of the ocean,

(01:13):
the top of a mountain, the bottom of a cave,
as long as there is Wi Fi, were connected. And
at the end of the day, that's what occurred. And
I hope everybody has an opportunity to be in that
position at sometime in their life that they can go
do something for all length of time because they built
up everything and hired the right people and did the

(01:36):
right things, so you can go out and enjoy your life.
Isn't that what it's life about. You work hard, you
do the things you need to do so you can
enjoy the benefits of all your hard work.

Speaker 1 (01:49):
And that's all it was.

Speaker 2 (01:51):
And I am going to talk about it a little
bit later because we were overseas and what you hear
in the news here is not what they think overseas.
And I was around people from Portugal, from Australia to France,
to South America, you name it, and all over the country.
And it's interesting that ninety percent of the people think

(02:16):
like we do. Ninety percent of the people think the
same thing about Trump. Like Trump, like what he's doing,
but I have reservations about the way he does things.
So if you think about that, comes back to what
we always say. It's the legacy media and the social

(02:37):
media that is absolutely out of control. And we know
who controls the legacy media. So at the end of
the day, you gotta do what I did. Tune it out,
get rid of it, don't even think about it. And
you're going to enjoy your life. There's a lot more
to life than there is politics. There's a lot more

(02:59):
to life. Been worrying about what Congress is gonna do
or anybody else because we can't change it until we vote.
So with that, I'm gonna go talk about the markets
and tell you straight up watch them every day, know

(03:20):
exactly what's going on every day, and if you think
about it, all we did was go up in the
face of everything that was bad. So over the last
six seven, eight weeks, we've had bombings in the Middle East,
We've had Ukraine and Russia not come into any agreements,
we had tariffs on taris off, and we made new

(03:44):
hives in the marketplace. Now, the market is always smarter
than every investor. The markets. Once in a while, especially
on the cell side, we'll get out of control because
the bias step away and they just let it fall
and say I'll just wait and buy it cheaper.

Speaker 1 (04:01):
But for the most part.

Speaker 2 (04:04):
Markets climb a wall of worry, and we have a
lot of worry out there. Wish is why I'm going
to tell you I'm uncomfortable with where we are at
the markets. Not so much because of the outside noise,
but for the valuations. But I keep coming back to

(04:24):
it and say, Okay, where are we going to be?
But like everything up here, I'm trying to mitigate a
little bit of risk by raising a little cash again,
putting some money on the sidelines, because at any time
we can drop three to five percent.

Speaker 1 (04:39):
Do I think we're going all the way back down? Nope.
I do think we're going to go much higher over time.
But I do think.

Speaker 2 (04:48):
That the the the fluctuations in the market are going
to be increasing as we move forward.

Speaker 1 (04:56):
And I do think that the news that we hear
drive us.

Speaker 2 (05:02):
But once any type we have a five or ten
percent moved down, it's I think it's a buying opportunity
because eventually we're going to get a fed to low
interest rates. Eventually we're going to have more deregulation. Companies

(05:22):
are going to continue to produce. We're going to keep
buying stuff. Will some people, some companies get hurt because
of tariffs. Yes, Will there be a little bit higher
prices at some time, could be on some items.

Speaker 1 (05:35):
Haven't seen it yet, and there's tariffs.

Speaker 2 (05:42):
But if inflation just went up a little bit compared
to where it was and we survived that it'll be
very easy for it to turn around and go the
other way. We know that because if tarifts create it,
tarists can go away and fix it. But what we're
not saying, you think these other aren't going to deal

(06:03):
with America. They can't survive without us. We got to
stop thinking that everybody hates it because they don't. One
of the couples I was with was from from from Canada,
and it was the second person I met on my
trip that says, I hope that the United States we

(06:27):
become a We can become a partner with the United
States and actually become a state and get the benefits.

Speaker 1 (06:34):
They understand that.

Speaker 2 (06:38):
They also talked about their socialistic society and how it
doesn't work. The media tries to say it's the greatest
life ever because they have all this free health care,
but they pay.

Speaker 1 (06:50):
For it.

Speaker 2 (06:53):
And then they don't have the money to do other things.
They can't survive on their own if they ever were attacked.
They don't have the military or the capabilities to stop
being invaded unless where they are to help, on which
we would be. Not only are the friends of ours,
but it's our best interest to protect.

Speaker 1 (07:14):
Our continent. But it was interesting listen to the Canadians
because all.

Speaker 2 (07:20):
You hear is how much they hate us somewhere and
everything else.

Speaker 1 (07:25):
Not true.

Speaker 2 (07:27):
People from France we met, not true. But it's amazing
how everybody can get along. So with the markets continue
to go hard, why am I uncomfortable valuations? They always
play a part, which is sometimes we're walking into the August, September,

(07:47):
October timeframe, we're probably going to have a move down
and then to move higher into the end of the year.
If you've known me for the last thirty five years
on this radio show, you know I always try to
mitigate risk. Sometimes I do I should not mitigate risk
because the markets keep going higher, But that doesn't mean
we're not making money.

Speaker 1 (08:04):
Just means we're not making as much.

Speaker 2 (08:06):
But when we mitigate risk and the markets go down
fifteen to twenty percent and we're down less than half
of that, and then we're able to get in and
start looking the other way, it helps produce decent returns
without all the risk.

Speaker 1 (08:24):
That's what it comes down to.

Speaker 2 (08:26):
But before we do all of that stuff, okay, and
talk with a lot of the people that we were
away with, nobody has a plan. I'm gonna three three
people said, I'm calling you. I want to do the plan.
I need a plan. I'm retiring. No one ever talks
to me about how am I gonna be retire? What
is my financial plan? How am I going to go forward?
How am I gonna now?

Speaker 1 (08:48):
I've all I.

Speaker 2 (08:48):
Remember is accumulating money. I don't know how to deaccumulate
money in the safest, best way that meets my interest.
That's what I learned on this trip. And the people
I was with were no different than the people that
are listening here.

Speaker 1 (09:07):
We go ahead and.

Speaker 2 (09:08):
Accumulate for ten, twenty, thirty, forty years, and then all
of a sudden, we're retired and we'll go how do
we deaccumulate? And it's scary when you don't have any
income coming in except maybe a pension of Social Security,
which is less than what you were making and earning before,
So all those things have to come into play. So

(09:31):
it's always starts with the plan. If you don't have
a plan, you better get one. If you have a plan,
you haven't revisit it, you better revisit it. If you
have a plan and you don't really understand it and
you're uncomfortable, you better go talk to someone else that
can help you with that. We do second opinions all

(09:53):
day long. We'll help anyone that needs help. That's the
one thing you know and can count on from Greenberg
Financial Group will help anyone. Whether you've got ten thousand
dollars or ten million dollars, we will help you and
we can't help you. And the difference is after we're
done and said we're doing the plan, we also managed
the money, which was so unique to every single person

(10:14):
I spoke to. And I think that's the difference maker
right there, because we're able to tail and make a
portfolio just for you. So now we're looking at where
we are in the markets right what will make the
markets go higher? Well, obviously a conclusion to the tariffs,

(10:40):
which isn't going to happen anytime soon, interest rates coming
down which probably aren't going to happen till least September,
or more. Pressure Middle East piece that actually sit is
is real and spreading the Abraham Accord and getting Iran
on on track to become a great and flourishing country

(11:04):
just like Syria. Starting to feel cease fire with Israel,
and guys are getting all, not some, but all of
the hostages back, putting down the guns and rebuilding Palestine
for Palestinians that want to live in peace, not Hamas,
not Habola.

Speaker 1 (11:24):
That's all funded from Iran. It gets peace there.

Speaker 2 (11:27):
Russia has no choice to eventually make peace would Ukraine
because let's face it, they've been helping out with Iran
and Syria, the funding coming from oil. It's all wrapped
up in one big thing. And then if we can

(11:49):
get a deal with China, that's when you start seeing
the markets go higher because now the risk of all
those things have subsided. But the real key to the
whole thing is that you know that Trump administration is
all about deregulation, capitalism and the ability to have free markets.

(12:11):
We're gonna do America first because we've got to take
care of America first. What we're seeing on the streets
in the sanctuary cities, in my opinion, is a shame.
It's shameful. It's shameful that it's allowed to happen. It's

(12:32):
shameful that people feel that it's okay to go ahead
and hurt others, maybe even kill them because you don't agree.

Speaker 1 (12:46):
What's going on.

Speaker 2 (12:47):
Protesting is great, stand out there with you signs all
day long. You and I both know that doesn't go anywhere.
Nobody cares, so that gets frustrated. And now that its
aught to violence, which is the only thing they're doing,
is going to hurt themselves because let's face it, everyone
that's doing that is the same people that didn't vote

(13:08):
for Republicans. Anyway, They're done in cities that aren't done.
But what we got to do is make sure that
we become a country of legal citizens. Now I'm okay
with shutting the borders, that's fantastic, And I'm okay getting
rid of all the illegal criminal immigrants. I'm only even

(13:31):
okay to get rid of the people that have just
gotten over here in the last couple of years. Okay,
But this is where I'm going to differ with some people.
People that have been here five years, ten years, twenty years,
no trouble, families working. We need to go ahead and

(13:52):
get a plan with our government and our Congress and
the White House, and Trump needs to really push this opinion.
Now you've got all this other stuff, what do we
do with all these undocumented citizens in our country that
are good people that have been here five ten twenty
years and have contributed good things to America. We need

(14:17):
to go ahead and figure out a way to make
them annesty to a path to citizenship. Maybe it's ten
or twelve years from now, but be the first ones
to do it. You know, the Democrats talk about it
all the time. We have control of the entire Congress

(14:39):
and White House, all three levels. Let's put a plan
together and push it and make it good for everybody
that's gonna help. Okay, but if you're not working and
you're illegal, you leave. If you're a criminal and you
at all, that's first thing you leave. And if you're

(15:01):
here and we're giving you this pathway and you do crimes,
you're out of here. No questions asked. Okay, no questions asked.
The people that are taking the self deportation and left
and are now applying to get back in. We need
to have a system. We need more judges, we need
a quicker system. Get rid of it now. You want

(15:23):
to deregulate things, now, get this going. That's where I
stand on that. We need good immigrants to come here
just like we did fifty years ago, one hundred years ago,
two hundred years ago. Okay, people come to this country
like minded. I don't care what they look like, I

(15:43):
don't care where they come from, as long as they're
here to go ahead and make America better, make their
lives better.

Speaker 1 (15:53):
Let's do that.

Speaker 2 (15:54):
And that's where I think we're falling short because I
don't hear any talk about doing it, except now he's
talking about it on the farms. We know we need this,
We know the farmers need the help. So come up
with a plan to do that, but then expand it
to others. We all know people that have been here

(16:15):
a long time that probably are not legal, the good citizens, they.

Speaker 1 (16:19):
Work, they do everything we need.

Speaker 2 (16:21):
Let's figure this out because that would put us ahead
of everybody. There's big, beautiful bill. Okay, you know what
I like about it. There's something in there for everybody.
There's something positive for everybody. Or there's some things that
gonna hurt others probably could. Are there going to be

(16:44):
mistakes on the medicare Medicaid where some people that were
supposed to get it but are not really illegal aren't
getting it. Probably, But I dare someone to get in
touch with me to tell me that it's okay for
someone that's not an American citizen to be able to
get paid Social Security or healthcare, or food stamps or

(17:08):
anything else that our tax payer money is going to
when they are not an American citizen. Become an American citizen.
I know so many people that have gone through the
years and the hardship of becoming an American citizen, and
it's not easy, and they went through the process and

(17:28):
there now American citizens. There are five people I met
on our trip that have done that process.

Speaker 1 (17:38):
And they're proud to be Americans. Take this the way
it is.

Speaker 2 (17:44):
I also think that if you're going to become an American,
you need to speak English. You have to learn how
to speak English. You go to all these countries around
the world. Guess what, ninety percent of them know how
to speak English. So why would you come here and
now know how I want to speak English? And why
would we say that's okay? We should need to teach them.
That should be a requirement of coming to America. Learn

(18:06):
how to speak English. Maybe you don't know it at
the beginning and you're a refugee and an asylum, Okay,
we teach you. You have to be agreed to do
it and get a job and pay taxes and pay
whatever you can for health care. So going back to
the big beautiful bills. So if you want government assistance

(18:29):
and you're not a your kids aren't under fourteen years old,
and you're on Medicare and food stamps, okay, fine. But
if you're above it and you're not fitting in, go
work twenty hours a week. Well, subsidize you, but you
need to work. Also, I'm tired of people with their
hands out. I'm tired of doing that. So you get

(18:51):
all this stuff, and you get productive people, and you
get people investing, that's great. Don't and don't think for
one second that one policy I heard about children being
born and stuff and starting them off with a thousand
dollars into an account. Okay, this is what I keep

(19:12):
talking about. As for Social Security, as that's.

Speaker 1 (19:14):
How you're gonna get rid of it.

Speaker 2 (19:16):
It's gonna be a combination of things, but private accounts
that you can't touch to a certain time unless there's
restrictions or hardships that have to meet a certain requirement.
But if that money continues to go in every year,
every month, all the time into these indexes, don't think
for one second that's not gonna bully the stock market,

(19:40):
So then you're gonna have to adjust evaluations a little bit.
And maybe that's what the markets are doing right now,
understanding this process is gonna happen as we go down
and go down the road. I like how we're starting
to look at how we're gonna do rare earth materials
in the United States.

Speaker 1 (19:56):
I like the fact that the.

Speaker 2 (19:59):
Government is getting involved government, the Department of Energy, with
some companies and becoming partners with them and putting money
into them so we can keep rare earth materials in
the United States have stop mining them. So ninety percent
of the stuff that comes from China we don't need.
So right now, where do we think the markets can go? Yeah,
I think they can be stalling out here unless something

(20:22):
amazing happens. We're coming into the weak part of the
year August tenber October. Do I think we're dropping down
another ten to twenty percent? No, but I do think
maybe three, five, seven percent, possibly maybe ten. I don't
think so, but I'm not saying I don't rule that out.
But you should have a raise some cash now, become

(20:44):
uncomfortable with the market, put it in the money market
that right now is paying you pretty decent money and
look for buy an opportunity. But AI is what the
smartphone was. AI is what computers were.

Speaker 3 (21:00):
Uh.

Speaker 2 (21:01):
Technology is what drives everything. And yes, there's a lot
of small AI companies that can do great and make
you all this money buy all these newsletters. But you
know what if you stay with the good ones, the Amazons,
the Googles, then the videos, the chip companies, and you
diversify out.

Speaker 1 (21:20):
Okay, you diversify out.

Speaker 2 (21:21):
Yes, they're gonna be volatile, but at the end of
the day, for the next two, three, four, five years,
they are the ones that are gonna keep ahead of
the game because you know why they will buy those
smaller companies. They can pay billions of dollars to go
ahead and get that technology and make it part of.

Speaker 1 (21:38):
Them, which means they're only going to make more and
more money. Okay.

Speaker 2 (21:43):
So here's my last thing about what's going on, and
this is I'm a little I'm a little concerned, but
not so much concerned, but I'm disappointed. Let's put it
that way. We all know and we always say the
government is corrupt, the govern and just cares about themselves,
you know, and they always lied to us. Well, we

(22:07):
know that the Biden administration would just take the highlights.
They lied to us, and we're trying to come after
them for the way Joe Biden's mental capacity was. Okay,
we got that. We know they lied about hunt the Biden.
We know the FBI and everybody else was against Trump. Okay,
those are the three big ones. Now we come into

(22:27):
here and I'm upset and disappointed with the way the.

Speaker 1 (22:32):
White House is dealing.

Speaker 2 (22:35):
We're saying the Epstein files, the JFK file, all these
files were gonna come out, and they don't, and there's
nothing to it, and we haven't seen hardly anything. When
you tell me those files are on my desk and
now you're changing it to uh, well, it's all the files.
I didn't really go through it. And then the FBI

(22:56):
was saying that, oh, we can't get it because they
have it, and go that's a bad, bad feeling in me.
It's like, come on, we know they all corrupt, but
did you have to go down this way? My feeling
is real simple, be transparent about it.

Speaker 1 (23:10):
Put it out.

Speaker 2 (23:11):
There, because I'll tell you right now, if you were
actually and they can prove that you were with underage children,
I don't want you running my country. I don't want
you running my businesses. I don't want you anywhere except
behind boss. Because you had the opportunity to say no,

(23:31):
and you had the opportunity to stop it, and people
didn't do it. And there's nothing that upsets me more
than pedophiles. There's nothing that upsets me more than people
that can fly to an island and be rich and
all this other stuff and do whatever they want to
do until the line draws there with girls that are younger. Now,
did it happen, I don't know. I'm sure it did.

(23:53):
Was it for a small client tele possibly? But the
whole thing stinks right now that there's an another cover
up by the Republicans, just like there's a cover up
with the others. The only way this is going to
stop is by putting people in jail, going ahead and
being transparent and and and taking them off their pension,
taking them off their off their healthcare, be citizens, term limits,

(24:16):
and act like we all do, and that will make
us the best country in the world. We'll be right back.
It's the money matter show. I do appreciate you listening.
Welcome back, everybody. It's a great day. We have everyone
here today, Dave and Dylan, and and Todd and myself Sebastian,
to bring you the best insight we can of what

(24:37):
is going on, not only in the markets, but the
political world globally.

Speaker 1 (24:44):
There's so much going on. But you know it's cool.
The markets are at all time heights.

Speaker 4 (24:50):
Not the weather.

Speaker 1 (24:52):
We know it ain't the weather.

Speaker 4 (24:53):
You missed the best Fourth of July ever. You were
not in town and anyone because it's been so warm.
Anyone that could get out of town left town and
it was unbelievable. There was no traffic, the temperatures were moderate,
the restaurants were empty hoping you'd show up. It was
like I got sent back to the nineties. It was wonderful.

Speaker 2 (25:15):
So we were in Croatia for Fourth of July, right, okay.
People that was one of the women was from South Korea.
She's wearing red, white and blue stripes saying she loves America.
She is, she came over and she became a citizen.
We had people from Colombia just wearing red, white and blue.

(25:36):
We had people from Canada, Okay, but the best was
the one from Australia who went through the whole channels
of becoming and said that how much she loves America
and why she's here, and how much she appreciated our troops.

Speaker 1 (25:53):
And what they've done.

Speaker 2 (25:55):
And everybody was all about fourth of July nice and
about America nice. And so these people, I am telling
you it wasn't politics. No one talked politics, but their
sense was I love America, I love being here, and
I've gone through the process, which was very hard years
it took them to become an American.

Speaker 1 (26:17):
That's what we need. They've gone back to it.

Speaker 2 (26:20):
I realized at the end, is that if people go
through the process, they respect America.

Speaker 4 (26:25):
Yeah, they don't have to. It's like anything, if you
have to pay for it, to have to earn it, right,
it's more meaningful. Right it's handed to you. There's no
meaning there at all.

Speaker 2 (26:33):
And I'm telling you that all these people that came over.
One's a restaurant tour she has a very big sushi
type of restaurant. She's worth over one hundred million dollars.
She took her money. She's invested in real estate all
back East. The other one from Australia. She was a
she's a dentist well with her own practice and doing great.

(26:54):
So all these people that have come here is also
understand the can dream as possible.

Speaker 4 (27:02):
You've said before it did very travel so around everybody
wants the same thing. Yeah, everybody just wants to be
happy and enjoy life.

Speaker 1 (27:08):
That's it.

Speaker 4 (27:10):
Don't drop bombs on my house, you know, don't just
enjoy life exactly.

Speaker 1 (27:15):
You know.

Speaker 4 (27:15):
This show is sponsored by the Greenberg Financial Group. You
can listen on seven ninety kNs d Lrightheart Radio. Show
discusses different investment products and strategies. Every product and strategy
have some type of inherent risk. We strongly encourage the
listeners to properly understand this risk to determine whether the
Buy Seller Hold Show has been on the air for
over thirty years? Dean, did you know that five years?

Speaker 1 (27:37):
Do you understand though? For twenty two years you've been
doing the show?

Speaker 4 (27:40):
Well, okay, it's usually me that doesn't turn his phone off.

Speaker 2 (27:44):
I know, twenty two years and you still don't know
how to do that unless you eat it.

Speaker 4 (27:48):
Yeah with this, Yeah, well you don't either. You know,
you have your own version which is which is which
is close? Right?

Speaker 1 (27:55):
You're okay?

Speaker 4 (27:57):
The bottom line, though, is anything nothing on this show
is meant to be a recommendation for you. We've talked
about this every week. We're giving ideas, we're talking about
what's happened in the market. You have your own individual strategy,
you have your own individual risk tolerance. Do not take
any thing that we mentioned on the show as a
recommendation for you.

Speaker 5 (28:18):
You know what you're saying, Dean about the person from Venezuela.
But you know, a lot of the people from socialist countries,
they are just ones that when they come here they
realize how bad that socialist system was, and they try
to tell and that they don't understand why we are
voting for some places in this country for socialist measures.

Speaker 2 (28:36):
Well, the biggest one was Canada. The Canadians they like,
I know, I know what everyone thinks, this is great.
It ain't great, you know, and and and stuff, and
then uh, and then they.

Speaker 1 (28:47):
It was the other one.

Speaker 2 (28:48):
I forgot where he was, but he says, you know what,
it doesn't matter. Well, we what we do is, yeah,
we have all this free stuff, but I sent it
to private school, so I pay for that.

Speaker 1 (28:59):
I pay for it.

Speaker 2 (28:59):
I pay for my own healthcare, so I get better healthcare.
So you have all this free stuff, but I have
to pay for it if I want.

Speaker 4 (29:06):
A good We've got friends that are clients that have
a family home in Canada, have had it for decades
and they're getting older and they're thinking about selling it.
They're just sixty five percent tax in Canada on the
gain for the sale of real estate if you're a
non resident.

Speaker 5 (29:22):
Sixty Talk about incentives.

Speaker 4 (29:25):
Yes, So there's your socialism, you know. Like Everet Dirkson
said it many decades ago, the problem with socialism is
eventually run out of other people's money, right, I mean,
that is the big problem.

Speaker 5 (29:37):
And what they're doing in New York is just it's
insane that that guy's getting so much steam and some
of the things that he's proposing are just, I mean,
seems straight out of a socialist playbook.

Speaker 6 (29:49):
It is. He's openly a socialist, he doesn't care, I mean,
and people are praising him for it. You have enough
people in New York that finally want that that you
can just walk around and say, I'm a socialist. I'll
give you run grocery store stuff.

Speaker 4 (30:02):
Now they can't. I heard a news report that they
cannot have government run grocery store. Why the city can't.
The City of New York does not have the ability
to open a grocery store legally.

Speaker 5 (30:14):
So the whatever can they make their own laws?

Speaker 4 (30:17):
I suppose they could. Could city council they could, right,
I suppose they could, but you know that would mean
the city council would be behind this guy. Can you
imagine a city run grocery store.

Speaker 2 (30:30):
What I don't understand is there's so many Jews in
New York that vote for him, knowing that he hates.

Speaker 4 (30:39):
Shoes, more Jews than any other city and they hate shoes.
And I don't understand this.

Speaker 2 (30:43):
Thing with left liberal Jewish people that don't get the
fact you can have those social issues but not economically. Okay,
I kind of fit in that way, you know what
I mean, kind a little bit more lenient on the
social issues, but when it comes to the economy and
it comes to fiscal responsorbility, I'm definitely conservative and they

(31:04):
are too, but they just would rather vote that way.

Speaker 1 (31:07):
I don't know what it is, but you know what,
it's bizarre.

Speaker 2 (31:11):
This is the best thing that could happen for the Republicans,
this guy, you know, growing.

Speaker 4 (31:15):
And actually get a first hand to look at what
it's like yes, they're.

Speaker 6 (31:18):
All gonna be fight Democrats that are not liking it
either because they said they don't want to go that
far left. But they know it's losing because I mean,
you look at countries like Todd was saying, Venezuela. Those
people know what it's like and they come over here
and say, are you kidding me? Why are you doing this?
It's and it's just it's apparent everywhere that becomes a
full socialist country. It's government run places don't work, and

(31:38):
no incentives to do better.

Speaker 2 (31:40):
Well, the best part about that one doing the people
from the Venezuela were saying that their crime wasvee went
way down. That would that Trump ain't kidding when they
say they they they left all the prisoners go, really
all the criminals, not all of them probably, but the
crime went way down because they all came to the United.

Speaker 4 (31:58):
States pretty get last weekend after the show the BBB
why I passed, we'll talk about that.

Speaker 5 (32:04):
Yeah, well, I just see terrible media already talking about
Republicans cut your medicaid, biggest cut of medicaid in history.
It's like that provision of medicaid makes a lot of
sense able body people eighteen to seventy five have to
do twenty hours of either work or community service a week.

Speaker 2 (32:21):
They didn't cut anyone's medicaid that was eligible for Medicaid.

Speaker 6 (32:25):
Yeah, they didn't cut it from people with dependence under fourteen.
I think it is what it is. And they didn't
cut it for people what over fifty nine it's something
like that or fifty five and then fifty nine might
be food stamps, but they didn't cut it just automatically.
It's like, if you're an able body person who has
no dependence and you're able to work, go work. Twenty
hours a week shouldn't be that big ask if you're

(32:47):
gonna get all the benefits of medicaid and food stamps and.

Speaker 5 (32:50):
You can still get the benefits and the other idea.
All these people can't figure out how to report things
like not everyone has a phone these days or an
internet connection. Even the lowest socioeconomic areas has internet these days.

Speaker 4 (33:02):
That you know, that kind of reminds me of the Actually,
the big story of the week was probably the tragedy
in Texas. What happened there and and all of the
all week and all week long. And I've been at
the gym because it's been some darn hot And of
course I got CNN in front of me at the gym.
So I've got CNN on the TV, and I've got
Fox News on my phone. When did you change it?
You can't change it? You can at the gym.

Speaker 6 (33:24):
I've been listening to this for five years. They literally have.
I've been at that same shoes. They have fifteen treadmills,
all with different TVs. You have about seven different TVs.

Speaker 1 (33:33):
He goes, you know.

Speaker 6 (33:34):
You have a treadmill, you like, I get that, go
to a different treadmill I.

Speaker 4 (33:39):
Have, so okay, So so my choice says, no, No,
there's there's like eight of them, eight of these really
nice treadmills, and you can't drink one right in the middle.
And then I got the Home and Garden channel right,
and I've got A and E right, which has uh,
you know, you got to be able to hear.

Speaker 6 (33:54):
You with Fox News if you want to watch it.

Speaker 4 (33:56):
I have been news.

Speaker 6 (33:57):
I did.

Speaker 4 (33:57):
You didn't, weren't listening you.

Speaker 1 (33:59):
On your phone in front of you?

Speaker 4 (34:02):
But I see I can see CNN. I can see
CNN can right there right, and and all week long
they've been worrying about who to blame, whose fault it is,
and they're pretty sure Trump's fault, but they and they
can't quite connect those dogs right.

Speaker 6 (34:15):
Well, they're trying to say it's because of all the
doze cuts that happen, and that's and that's the angle
to say, just automatically it's because of that. There's no
deep diving into it yet that I've seen, or I
guess they're trying to dy the first thing.

Speaker 4 (34:27):
But here's the thing that let's say that they saw
that the wall of water coming and they send out
an alert. Okay, it's four o'clock in the morning. The
kids at the camp are not allowed to have a
cell phone. That's part of the beauty of the camp.
And on top of that, there's very limited cell phone
coverage there. You could have known an hour or two
in advance, send out a warning to everyone. No one

(34:48):
would have ever gotten.

Speaker 2 (34:49):
The Okay, But here's where I have the problem the
whole thing. And I know they've been going to camp
there all the time, and I know July, June and
July they they've never had a flood. It's the driest
time for them. But it is the number one place
in the country for floods, yes, number one. So why
would you have a camp there or why would you

(35:10):
show it was cheap to get the land?

Speaker 1 (35:13):
That's why probably.

Speaker 2 (35:14):
Okay, why don't you have some common sense and understand
and stop blaming everybody and understand it's a crying shame
and the people that sent the people there, the people
that kids are dying, These aren't poor people.

Speaker 1 (35:25):
No, okay, so it was it was.

Speaker 2 (35:28):
It was a well established and morally Christian and not Christian.

Speaker 1 (35:34):
Everybody was going. It was a real good camp.

Speaker 2 (35:37):
But that's why I have a problem is not realizing
that they were in a flood zone and just did
it because it.

Speaker 6 (35:44):
You should have more safety measures if you know you're
in a flood zone.

Speaker 2 (35:47):
It would be right back. It's the Money Matter Show.
We got a lot more to talk about. Thanks for listening.
Welcome back everybody. It's the Money Matter Show. And yes,
this is Dean Greenberg.

Speaker 1 (35:57):
I'm healthy.

Speaker 2 (36:00):
I'm not retiring, Okay, as everybody called up to find
out what's wrong. But I was lucky enough in my
life to be able to set it up because I
I said earlier, the greatest people, greatest employees, the greatest
advisors that I can imagine because if you can do
this in your life, when you can go away on
a dream vacation for six seven weeks and don't miss

(36:24):
a beat and stay in contact, not because they're great,
but also with technology, I mean, it's amazing, Dave. I
mean you would talk to me. You had no idea
where I was. Sometimes No, okay, I didn't know where
I was. I was in the middle of the ocean sometimes.
But everything was handled. Not one problem didn't get resolved
that day, No, you know what I mean. And we
didn't have a lot of problems, but problems, you know.
One problem is a big thing to.

Speaker 4 (36:45):
People speaking of travel, big news for many of our
listeners because many of our listeners are are under seventy
five right and up until now, if you're under seventy five,
you had to take your shoes off at the airport
thanks to Richard Jewel was not the guy's name, the
shoe bomber from two thousand and six. And finally Christy

(37:07):
Nomes says, you know, this is enough of this. We've
been doing this for nineteen years over this one guy
who tried this, and so they're trying. They rolled it
out as some trial airports, but it feels like it's
expanding nationwide very quickly.

Speaker 1 (37:20):
Yeah. I got stopped twice to take off my sneakers.

Speaker 4 (37:23):
Yeah, and so don't wear a hocus No. And if
you're seventy five or over, you don't have to take
off your shoes. And I'm guessing because they don't want
to have to deal with old people trying to put
their shoes mare or get them off right one or
the other. So apparently the shoes at the off at
the airport is going to be a thing of the past.

Speaker 2 (37:40):
Well except when you go through it and they think
that you have to take you That's what happened with
me because I got the easy past thing to go
through the TSA. But if you go through it, and
I guess if you got thick, thick bottoms.

Speaker 1 (37:51):
They have to check it out.

Speaker 4 (37:52):
I don't think it'll matter. I don't think it'll matter.

Speaker 1 (37:54):
I'm telling you what happened.

Speaker 4 (37:55):
No, no, no, But you came back before this broke.
This broke.

Speaker 1 (37:59):
What I'm saying is but they only have to take
them off. I'm TSA.

Speaker 2 (38:02):
It proved okay, And this is the first time because
I didn't wear these before. I won't now that they
made me take them off, and they said because at
the thick bottom they have to do the bomb test.

Speaker 1 (38:12):
No, for goodness sake, that makes sense.

Speaker 4 (38:14):
Well, I think it's I think it's a really nice though.
Nineteen years we've been doing this over one guy acting
badly and uh, well.

Speaker 2 (38:20):
You don't travel that much. But the one thing I
always do is try to use slip once well, because
if you have to take them off, it's easy to
just put them back on.

Speaker 4 (38:27):
Yeah, right, for reason, we won't to talk about it.
I don't have to take my shoes off, Duane, So
even when I do travel.

Speaker 6 (38:34):
Now, yes, big using the market last week and Vidia
hit four trillion dollar market cap and I was the
first company to ever.

Speaker 3 (38:42):
Get that big four trillion.

Speaker 6 (38:44):
It briefly hit it on Wednesday and then it ended
the week back over it, which is just crazy. The
AI boom. It's been the leader in the last couple
of years, and it continues to be the leader in
the chips, and that's evident.

Speaker 5 (38:56):
It's not just that though now right, it's also the
idea that they're going to move into robotic and be
able to produce almost a supply chain version of a.

Speaker 3 (39:06):
I guess, so.

Speaker 1 (39:07):
Let's talk about Navidia.

Speaker 2 (39:09):
Okay, experience has allowed me to make a lot of
money in Navidia fifteen twenty years ago. A stock that
like Navidia went up like that, you would sell some,
you'd sell some, you'd sell some as it went higher, believing, okay,
this is overvalue, it's not going anywhere.

Speaker 1 (39:27):
But from the experience was.

Speaker 2 (39:29):
Okay, overlook evaluations and actually understand where the company's going
and all way on this new cycle boom. And when
we did, we held on to Navidia. Now, obviously we
might have paired back a little bit. If you had
a couple thousand shares after they split and stuff, you
might have went down to fifteen hundred or something, but
you still have at least seventy five percent of what

(39:50):
you started with. It just made sense because it starts
getting twenty twenty five percenty portfolio. That also allows us
to look at the AI market. The AI market is
not just here for one or two years. It's a
five six seven deal that we have all these growth companies,
and I do believe you've got to look at it.
But looking at Navidio now and the one hundred and sixty five.

(40:13):
It looks like you can run to about one hundred
and eighty to two hundred dollars, right, So if you're
not in it, what do you do?

Speaker 1 (40:20):
That's the big question. If you're not in it, what
do you do? Well?

Speaker 2 (40:23):
You either can just get in and hope that it
goes higher, or start over the small position no matter what.
But my guess is you look forward to see if
it has a pull back to around the one fifty
one forty five, one fifty, and that's my first place
I would go back in. If it got hit harder
than that, and the one back down to one thirty
five one forty, i'd probably add to it. I don't

(40:45):
think it's coming back to where we just saw it
at one hundred and one to ten again.

Speaker 4 (40:48):
Remember one from one forty five to ninety five, right, No,
that's what I'm saying. Tested a lot of people's metal, yeah, right.

Speaker 2 (40:55):
And so what I'm saying is say, say you're able
to buy three hundred chairs, maybe you buy fifty right now,
so you're part of it and you'll have to watch it.
But one fifty below I would get to fifty percent invested.
One thirty five below I would put a position on,
you know, whatever your full position was, and then and
then right, because I do believe if they say one
to eighty to two hundred, once it gets there, then

(41:18):
they're going to raise it again. It's probably gonna double
again over the next five years.

Speaker 1 (41:22):
They are so ahead of the game.

Speaker 2 (41:24):
And like Todd just said, they're into robotics, They're going
to be into everything that's ahead of the game. What
will stop them is if they can't keep improving on
what they have and people catch up to them.

Speaker 1 (41:34):
Sure, that's what I'm looking for.

Speaker 2 (41:36):
If other people are able to catch up to them
and sell the cheaper, then it becomes a commodity, just
like the computer did.

Speaker 1 (41:42):
But look how long that took.

Speaker 2 (41:43):
How long did it takes for the actual hardware of
the computer ten fifteen years.

Speaker 1 (41:47):
It was a smartphone that changed.

Speaker 6 (41:48):
All the lite I mean, and in a sense, the smartphone. Apple,
they've been slowing down recently, Right, they're not the high
flyer that they were for the last ten years. So
it's interesting to see that turnover. Well you're not getting it,
they I as well as everybody else.

Speaker 2 (42:02):
Well, if you want to look deeper into that, right,
you know, Apple and Cook, Tim Cook powerful, Elion Musk
and Tesla powerful. However, if you don't do what Trump
wants you to do, who's more powerful.

Speaker 1 (42:18):
At the end of the day, who's more powerful?

Speaker 4 (42:19):
No question?

Speaker 2 (42:20):
Okay, you want to keep acting like this. You know
all those subsidies were giving you and all this money
will be given you. We're going to re look at
those contracts when they come up. Yeah, the new political
party thing, that's that's great. Nobody's ever tried that. Yeah,
how's that worked out?

Speaker 1 (42:34):
Tim Cook?

Speaker 2 (42:35):
You don't want to bid, You don't want to start
putting more into America and you want to start staying
over that fine, either pay the tires or get on board.

Speaker 4 (42:42):
Well, and people say Tim Cook can't move that quickly.
This was something that Trump and Tim Cook we're talking
about in twenty sixteen. No, kidd, the Cook's always got
some excuse, go.

Speaker 1 (42:52):
Ahead of it.

Speaker 2 (42:53):
They moved to India pretty dunk quick. You don't want
to come here because they want to keep the margins
they have day and then what he's saying is and
what Trump's saying is America first. So maybe you don't
make whatever you're making on your phones, maybe only make
thirty yes. Will that hurt the stock yes, But will
it help the American people?

Speaker 1 (43:12):
Yes. I mean that's what you got to give them
credit for.

Speaker 4 (43:15):
But you're the thing that's been driving the market over
the last two years and continues to drive it this
year despite all of the things that Trump's doing. Is AI, right?
AI is is the thing that everyone's focused on. The
Nasdaq once again out performing everything else. It's all about AI.

Speaker 6 (43:29):
It's also the.

Speaker 5 (43:30):
Reason I think the Big Beautiful Bill wasn't met with
so much discussion around that addition to the deficit that
it will lead to, because at the end of the day,
we can grow ourselves out of the problem if we
do have strong GDP. I mean, that's how best it
talked about it. Really, if we really only have average
two percent GDP growth over the next decade, we'll be
just fine.

Speaker 4 (43:50):
Well, it's kind of misleading too to say the Big
Beautiful Bill raised the deficit by three trillion dollars. What
it did is it made those tax cuts permanent, right,
which which in essence makes it true. It didn't stop
the growth of the deficit. Right, It didn't make it
deficity worse. It was gonna be this way anyway, it
just didn't stop the growth of the deficit.

Speaker 2 (44:12):
Democrats didn't want that to go through because they wanted
everyone to get hit with a big tax bill, okay,
in these next three years and and not.

Speaker 1 (44:19):
Vote for Trump. Okay, let's face it.

Speaker 2 (44:22):
The Democrats can never win by raising taxes, all right,
So they wanted this to happen, and they can just
blame it on Trump and all we back to where we.

Speaker 4 (44:30):
Were biggest tax increasing industry, right, Okay.

Speaker 1 (44:33):
And what do they do?

Speaker 2 (44:33):
They get upset because we're getting rid of people that
shouldn't be on Medicaid, shouldn't be on Social Security, shouldn't
be doing these things. They get upset. What do they
get upset with? We're trying to get rid of fraud
and all with in all the departments. What do they
get upset with? It's having too many people, a bloat
where people don't even know if they're working or not working.

Speaker 1 (44:52):
Okay.

Speaker 2 (44:52):
As a as an owner of a company, okay, I
could not imagine having people working at home all the
time because you have no idea what they're what he's doing. Absolutely,
I mean we had that troilerg I mean, you speak
to RBC, you know they're trying to get the people
all back to work. They've kind of compromised with, you know,
being in the office three days a week or something.
But you know, and I know, anytime you deal with

(45:12):
people at home, you don't get the service you need.

Speaker 4 (45:15):
It's still very common. I mean you still talk to
people working from home in a lot of different industries
around this country. That's just I don't think that's ever
going to go back to the way it was.

Speaker 6 (45:25):
Yeah, yeh won't, but it'll get smoother ass technology continues
to and like he.

Speaker 4 (45:29):
Said, there's there's things that you can do from anywhere
in the world, even if you're on a ship in
the middle of the sea. You know you can you
can function as long as you have Wi Fi. My
daughter is a corporate recruiter here in Tucson, works out
of our house. Recently moved to.

Speaker 2 (45:43):
Husband and so that's I couldn't imagine. So is your
son both people working out of the house all day long?

Speaker 4 (45:49):
Yeah?

Speaker 1 (45:49):
Drive me crazy?

Speaker 4 (45:50):
Yeah?

Speaker 2 (45:50):
Can you imagine me and mail in the house all
day long? We should spend forty five days together. It
was great, except for two days. Anyone that's been married
for thirty five years understand what I'm saying pretty darn
good just two days, and always said is you know what,
we need a break, Go take a walk for two hours,
Go do something for two hours.

Speaker 4 (46:07):
Yeah, and if you will, And I did.

Speaker 1 (46:09):
Too, Like we did the same, and then we were great.

Speaker 6 (46:11):
Walked for two hours. You want on a two hour walk?

Speaker 2 (46:13):
Until that was averaging twelve thousand steps today, baby, all right, yeah, different, right,
That's why I kept my weight just a little over
the Mendoza line there.

Speaker 1 (46:22):
Steps today that yeah, until I went on the last
part of it.

Speaker 4 (46:26):
What a rookie thing that is. I've been averaging fourteen
thousand s typs today for twenty years. Short steps, see, yeah,
you can have shorter steps, Indy.

Speaker 3 (46:36):
Yeah.

Speaker 5 (46:37):
Unfortunately, though, I do think that big beautiful bill is
going to increase wealth inequality in the long run, and
that's an issue in this country that Trump said he's
going to fix, and I hope he does, because without
that fixing, I think we'll eventually have a populous uprising.
You can't have the rich get too rich.

Speaker 4 (46:52):
A couple of big parts of the BBB that are
highly misunderstood and being poorly reported, and I want to
talk about those in the first half of the next hour,
So stick around for that.

Speaker 1 (47:03):
Well, give me an idea.

Speaker 4 (47:04):
So security and the and the Trump one thousand dollars accounts.

Speaker 2 (47:10):
Oh, that one is going to help this stock market.
We'll see, you'll see, We'll see right, We'll be right back.
It's the Money Matter Show. Appreciate you listening.

Speaker 6 (47:19):
Welcome back to the second hour of the Money Matter Show.
I'm dealing Greenberg back here with Dean Greenberg, Dave Surewood,
Sebastian Borsini, and Todd Glick. For those of you tuning in,
the Dow is down one percent for the week, the
SMP was down point three percent, the NASDAK was down
point one percent, the Russell two thousand was down point
seven percent, and the RSP, which is the equal weight
to SMP, was down point four percent. For the year,

(47:40):
the Dow is up four point three percent, SMP is
up six and a half percent, the Nasdaq is up
six and a half percent, the Russell two thousand is
now positive plus zero point three percent, and the RSP
is up five point three percent. Came a long way
since the April seventh low as well, got a lot
of all these are up over twenty percent off the low.

(48:00):
So it's been it's been roaring back in the last
couple of months. A lot of seems like the market
is taking the tariff news a lot easier than it
did before.

Speaker 4 (48:08):
It's kind of become white noise, hasn't it.

Speaker 6 (48:10):
Yeah, except for last week you saw with when it
was Canada, it hit it a little more. It seemed
like the market listened a little more. But when he
said he was going to do sweeping again, like more
and then what was it fifty on forgot the coppery,
Oh yeah it oh bricks, it was the bricks.

Speaker 4 (48:27):
Country copper pharmaceut.

Speaker 6 (48:32):
I thought the markets just shook it off like nothing.

Speaker 7 (48:34):
I thought the fifty tariff on copper was ridiculous and
the react the market reaction to that was ridiculous, just
because that's a huge commodity and a bit it's a
big input in a lot of what we make here
in the United States, and it's.

Speaker 4 (48:48):
We're just and we have two copper smelters in the
United States. We've already learned that from previous shows. Right
right where my client, the trucking who has its own
trucking company, takes a copper aggregate from the mind and
takes it down to Weymous where it goes on a
Chinese ship.

Speaker 6 (49:03):
Well, all the rage is rare earth minerals mining.

Speaker 4 (49:06):
How about that.

Speaker 6 (49:07):
That's taking off and we're just getting more and more
investment from the government. I mean MP Materials doubled last week,
right over the last few weeks because they got four
in a million dollars incentive from the government. They bought
four a million dollars worth of preferred stock with a
warrant to convert. And all that means is they can
convert their preferred stock, which is halfway in between a
bond and a common stock, into common stock, which means

(49:30):
and they have voting rights and they have all this
different incentives. But that's if they convert all of it
into common stock. The government alone roughly fifteen percent of
MP Materials with that backing, and they have the incentive
for the next ten years with that warrant. With that backing,
I mean, they won up fifty percent MP Materials itself,
along with the rare earth mineral etf r e m X,

(49:52):
along with the smaller rare earth mineral miners ore ee
m F is rare earth elements. You have what was
the Ramaco just went, uh went up a lot last
week too because they just broke ground on their Wyoming
mining facility that will hopefully start mining the next year.
It's a lot of traction is gaining on the rare
earth minerals.

Speaker 7 (50:12):
And yeah, these domestic mining companies are gonna, you know,
be a huge beneficiary off of the fact that we're
going to start implementing tariffs on rare earth minerals imports.
I was really interested again going back to that fifty
percent increase or tariff on copper, to see FCX jump
up about five percent and then finish the day down red.
That was interesting.

Speaker 4 (50:31):
It is interesting. That's really interesting. Yeah, there are earth
minual things.

Speaker 7 (50:35):
We we FCX is a domestic copper miner.

Speaker 6 (50:39):
For the listeners there.

Speaker 4 (50:39):
Earth manuals are so widely used in the US that
if you start putting significant tariffs on those, that's gonna
be well.

Speaker 6 (50:46):
Now that we're mining it and MP Materials is actually
an active miner and can do it, you obviously you're
going to see terraffs on Chinese rare mineral They owned
seventy percent of the worldwide distribution, so they're gonna obviously
they're going to tariff.

Speaker 4 (50:58):
That if we if U the MP Materials produced anywhere
near what we need, we wouldn't need China exactly.

Speaker 6 (51:05):
And we're in the infancy stage. Like yes, Ramiico just
broke ground on Friday. Rareth Elements is hoping to start
mining by the end of this year. And those are
two in Wyoming, which Yaoming is supposed to have a
huge depository of rareth minerals, and then you have some
in Utah, you have some in Texas. So but we're
all those companies are in the discovery phase and the

(51:26):
infancy phase. The biggest one is the MP Materials and
then the Ramico because Ramico is also a coal mining business,
so they've already had established revenue and they pay a
divid and everything. So if you're looking for stocks like that,
that one's more established.

Speaker 4 (51:41):
But that was really well point infancy. I like that
because that's exactly what we are. We're walking around in
diapers and China's teenagers in this world. Yeah exactly, yeah, exactly,
really really just able to.

Speaker 5 (51:52):
Drink the impact of the terriffs, though, seem to have
been very much smaller than economists were predicting at the
beginning of March. I mean, we we thought we were
going to go into recession. Everything looked terrible. But I
think the perfect example for me was this week when
Levi Strauss reported their earnings and they actually finished the
last two days of trading up eleven percent. Because I mean,

(52:12):
earnings was nothing to be it wasn't beautiful, But what
was really interesting is they raised sales guidance, says, yes,
tariffs are going to impact us, we're going to try
to absorb some of that costs, but we're actually going
to raise sales guidance. In this environment with tariffs, you
would think this would be the moment where you would
say you would lower the idea that you're going to
have future sales. So I think it's just a very

(52:32):
bullish stance on the fact that we thought it was
going to have a really big impact, but it's just
not showing up in the numbers.

Speaker 6 (52:37):
And part of it, I think with Levi is that
they don't do a lot of their manufacturing. They don't
technically disclose exactly where their where elses are but in
the areas, and it's not in China. They don't have
a huge operation in China. They're in Pakistan, Bangladesh, Indonesia,
those type of countries who didn't get hit hard with tariff,
so they're able to absorb a bit of it. They
did cut their gross margins guidance by zero point two

(52:58):
percent because the amount of they think will affect them
by tariffs by absorbing the tariffs, so it's not even
that much by them. And well, they just had like
their best they hit a fifty two week high.

Speaker 7 (53:08):
Yeah, Todd, when you brought that up this week, I
kind of initially thought maybe it's because Levi's was made
in the US or something, but after doing some further research,
you know, they're not. I don't think any I don't
think they make any genes.

Speaker 5 (53:19):
We actually had a client come in say it's so
overpriced already Levi's the pants, and it's interesting that, you know,
probably not going to be cheaper after this, but still
the company believes that they're going to be able to
just be fine on volume in sales terms.

Speaker 6 (53:31):
Well, like my dad was saying in the previous segment
at the end of the last hour, was some of
these profit margins are just going to get cut if
you start absorbing the tariffs and everything like that. But
that's the idea if you want to move it back
to the US, you might profit margins might get cut,
or you absorb the tariff profit margins are going to
get cut a bit, right.

Speaker 5 (53:47):
And then the question also though, is if a phone
becomes more expensive, do we care too much of a
ten dollars a month increase on our phone bill? Like
most people aren't going to care too much. So it
depends on how that increase of prices really affecting the
end consumer of whether or not that business is going
to see a decrease.

Speaker 6 (54:04):
In their head, we're thinking about it like that it's
not too big of impact. But when you're hearing all
the news and the stuff going on, and how you
already think about what's going on is how you view
the impact money wise, we're learning that right as of
right now is not having as big as impact as
we initially people thought. But if you already had that
ingrained in your mind that it's just going to kill

(54:24):
everything and the US economy is tanking, receessioned and not,
you're already solidified that. So you have to start thinking,
take a step back and take a breath and think, Okay,
maybe if it's not actually doing it can. I believe
that people out there aren't going to because they hate Trump.

Speaker 4 (54:39):
The other side of tariffs that we really haven't talked
about much. I saw a report on Friday the United
States budget in June had a surplus. We actually had
a surplus in June because of the tariffs. First time
we've had a surplus since twenty seventeen. Wow, first time
we've had a surplus. So we talked about the tariffs

(55:01):
potentially bringing in two hundred and fifty billion dollars a year.
If most of that isn't passed on to consumers, that's
pretty much a win win deal. But the month of June,
the US government actually had a surplus.

Speaker 5 (55:16):
Yeah, we'll have to keep a track of that to
see because I think the month before it didn't make
much of a dent. So seeing how those tariffs continue
to come in and offset the spending. Who knows how
the government actually spends money. I mean, I wonder if
it's just like they spent a whole bunch in one
month and then don't over all we know for.

Speaker 4 (55:32):
Sure Todd is we don't want to send them anymore no,
because they have not done a good job with what
we did say, well, you.

Speaker 5 (55:37):
Were talking the last segment about some of the things
in the big beautiful bill that I did some more
dig in and found some clean.

Speaker 4 (55:44):
Two things too, biggies, that that I've heard a lot
of talk about and I think are going to affect
an awfully a lot of people. One is the six
thousand dollars senior bonus and how that's going to work.
Remember Trump had originally campaigned on wanting there to be
no tax on social security, well social securities or taxes

(56:04):
responsible for some like twenty percent of federal receipts. See,
you can't really do away with that. So as what's
as a carit to him, they came up with this
six thousand dollars senior bonus. And it's a little confusing.
It's a deduction of up to six thousand dollars for
seniors ages sixty five and over. In the legislative text

(56:28):
it's actually called a bonus. And I think that's what's
destroying things.

Speaker 3 (56:32):
Off.

Speaker 4 (56:33):
If you're sixty five and older, do not expect a
six thousand dollars check in the mail. It's not going
to happen. This is not COVID. That is not going
to happen. Per the legislation, the deduction will be in
place for tax years twenty five through twenty eight, so
just four years, right, twenty five sixty seven and eight,
four years of taxes you'll be available to eligible taxpayers regardless.

(56:56):
This was a question I had, regardless of whether they
take the standarduction or itemize. But it does, like so
many things depend upon income. Taxpayers payst seventy five thousand
and adjusted gross income married couple one hundred and fifty
thousand dollars in adjusted gross income. If you're below those
two individuals seventy five couple one hundred and fifty, you're

(57:19):
gonna get that additional six thousand dollars deduction. Okay, not
a check, not a credit, It's a deduction for incomes
above those thresholds. The deduction phases out, So if you're
if your income is two hundred, two hundred and thirty,
you're gonna get nothing, right, So don't expect anything best

(57:39):
case scenario. Here's where it's confusing because people out there
are thinking, well, I'm gonna give you six thousand dollars refund,
I'm gonna give you six thousand dollars check. I'm gonna
give six thousand dollars tax credit. No, if you're in
the average senior tax bracket, which coincidentally is twelve percent,
you're gonna save about seven hundred bucks. It's not penis,

(58:01):
it's not nothing, it's something, right, But you're not going
to get six thousand dollars. Best case scenario, you're gonna
get seven hundred bucks. Right, So just take that and
uh and keep case there's a benefica. Actually, Solid Security
Administration actually sent out an email last week talking about
the six thousand dollars bonus with incorrect information in the email,

(58:25):
adding to the confusion. The second thing that's going to
get a lot of play are these Trump savings accounts. Right,
the government's going to give any US citizen under the
age of eighteen one thousand dollars to open an account,
which essentially is a wroth. That's exactly what it's going
to be. It's gonna be a wroth. The rules that
government are going to be exactly like the wroth. There

(58:48):
is no benefit to this account versus doing a wroth
other than the government's going to give you a thousand dollars. Now,
if you take the thousand dollars, then they haven't yet
disclosed where you go to open that. Do we open
it with the government, do we open it with the
post office? Do we open it at Greenberg? Financially, we
don't know. Nobody knows where these thousand dollars accounts are

(59:08):
supposed to be opened. But the government will give you
one thousand dollars. Now, since it's exactly like a wroth,
why would you open it instead of a wroth. Well,
you would open it because you get the thousand dollars, right,
but then you're stuck with that account for the rest
of your life. You can't take that money Showy fifty
nine and a half without penalty.

Speaker 7 (59:28):
You put money into it.

Speaker 4 (59:29):
Huh?

Speaker 7 (59:29):
Can you put money.

Speaker 4 (59:30):
Into it and it'll be a tree like a wroth?
It's taxis for yeah, so it be tree like a roth.
So I guess it's a if you there were I
read a three or four different reports, pros cons whatever.
If you want the thousand bucks, then you have to
open up this account which has specific rules on what
you can buy, things that you can invent. Wroth don't

(59:52):
have that roth, don't have that restriction. So four a
thousand bucks, you're selling your soul essentially.

Speaker 7 (01:00:00):
Just to have an extra account. Sure I could open
up a ROTH as well.

Speaker 5 (01:00:03):
And also this is just for people that are born
from January versus twenty five to the end of twenty eight.

Speaker 4 (01:00:07):
Now anyone under the age of eighteen eight.

Speaker 5 (01:00:13):
I saw you had to be born from January first
of twenty five to the end of twenty.

Speaker 6 (01:00:17):
It's like a four year thing unless they changed it
last second. I saw the same accounts. Right yeah, I
saw the same thing about once you're born you get
it with if you're born within Trump's presidency pretty much.

Speaker 4 (01:00:28):
I don't believe that's correct. Well, don't check that for which,
which brings me to an interesting point. It's a housekeeping thing.

Speaker 1 (01:00:34):
Time.

Speaker 4 (01:00:34):
We went back and forth on that, on the WROTH
and withdrawing from the Wroth adding to the ROTH a
couple of shows ago, and we there was there was
a little bit of there was a little bit of
confusion about that about the ROTH withdrawals. You can take
your original deposit anytime without penalty, todd you, I think

(01:00:56):
Sebastian and I thought it had to be you had
to be in there for five years, but you could
be in there for five months.

Speaker 5 (01:01:01):
Right, original principle, you can always take it right.

Speaker 4 (01:01:03):
Ernieds are only available without penalty after five years. After
five years and if you're fifty nine and a half, right.

Speaker 5 (01:01:11):
The reason they came up with the five year rule
was because you can do a rock conversion before fifty
nine and a half. And if you were to do that,
say at fifty years old, for whatever reason, do a
raw conversion, you can't take out that money that you
just put in the wroth for at least five years
after fifty nine and a half. It's a mew point.
If you do rock conversions, because you're a fifty nine
and a half, you're good. But if you do it beforehand,

(01:01:33):
you can't take out that principle right away. They want
you to hold that in there for five years.

Speaker 4 (01:01:37):
Bill, and you look like you may have an answer
for us.

Speaker 6 (01:01:39):
Yah's Oh you're you're looking.

Speaker 4 (01:01:41):
Like, yeah, you're going to I thought maybe you had
to answer about one thousand dollars.

Speaker 6 (01:01:44):
Yeah, I just let in Todd finished. Anyway, you're born
January first, twenty twenty five, or all the way up
to twenty twenty eight. But it's the zero to eight
teenage one that you're probably thinking of is that you
can have a family member contribute up to five thousand
dollars per year from age zero to eighteen in addition
to that first thousand dollars. That's how that's worth.

Speaker 4 (01:02:06):
So you're saying that that someone who is born prior
to January first.

Speaker 6 (01:02:12):
If you're born twelve thirty one, twenty, get the grand
out of luck.

Speaker 4 (01:02:15):
So you only get the grand for that three four
year period.

Speaker 5 (01:02:19):
Four kids born during that four year period.

Speaker 6 (01:02:22):
Yeah, and then those kids they're born during that four
year period will have that account and then they can
have family members contribute up to five thousand dollars into
that account up until their age eighteen.

Speaker 4 (01:02:31):
But you could do the same thing with a wroth.

Speaker 5 (01:02:35):
Here.

Speaker 3 (01:02:37):
But do you want the three thousand dollars?

Speaker 4 (01:02:38):
Yeah, I don't get the thousand dollars If you're.

Speaker 7 (01:02:41):
No, that's what I mean. Do you want the three
thousand dollars or not?

Speaker 3 (01:02:44):
The only way you get is you have.

Speaker 4 (01:02:47):
Thousand dollars free, free, free, three thousand. No, I'm telling you,
if you get the three thousand dollars, you're selling your soul.
I mean, you're getting your by now. You're getting a
very restricted if.

Speaker 6 (01:02:59):
It doesn't have a choice. He's getting it.

Speaker 4 (01:03:01):
You're getting a very restrictive account, is what I'm saying.

Speaker 6 (01:03:03):
Yeah, you get like stipulation. It's kind of like you
get stipulations. What if you in a sense it's like
a trust, you get stipulations when you turn eighteen, you
get the with draw like fifty percent or something like that.

Speaker 5 (01:03:10):
The solution is just open up to a one thousand
dollars count, never contribute to it, and then just open
open up another row. But you can only contribute to
a roth if you have earned income. Kids don't have
earned income, so this is a way to contribute to
it without them having earn income.

Speaker 4 (01:03:23):
So you'd have to So you have to have earned income.

Speaker 5 (01:03:26):
Even as a minor, you always have to have verned income.

Speaker 6 (01:03:29):
Which you have that earned income. Like all you need
is I mean, you can contribute seven thousand dollars to
a roth iray if you're sixteen and you make seven
thousand dollars. Anybody can contribute that seven thousand dollars to
your roth iray. You just have to make that much.

Speaker 5 (01:03:44):
The other part of the bill that was interesting was
the auto loan deduction ten up to ten thousand dollars
for American made loans, that was American made cars. That
loans were taken out from January first, twenty five to
the end of twenty twenty eights. And I think there's
like a five thousand for other type of auto.

Speaker 7 (01:04:00):
And that's whether you standardize or itemize.

Speaker 5 (01:04:02):
Yeah, it's above the line deduction, so you get that
no matter what I.

Speaker 4 (01:04:05):
Was in addition to your standard deduction. Yes, oh yes, okay.

Speaker 5 (01:04:10):
But again it's only for the people during twenty five
to twenty A lot of these are twenty five to
twenty eight type of deals.

Speaker 4 (01:04:16):
That's how they got them through. Yes, it's tight, tight window.
It's crazy to tell Marcus. Globally were flat last week.
China was flat, Europe was flat. US was pretty flat down.
I think what hasked to me down three tenths of
a percent. Oil gained two bucks to sixty eighth sixty.
Gold up thirty seven dollars at thirty three sixty. The

(01:04:37):
big story of the week if you take away, BBB,
Takeaway Texas and take Away and Vidio hit four trillion, right,
the fourth biggest story of the week. Cluse, come on.

Speaker 5 (01:04:49):
Come on, dad, what's the fourth Well, everything was flat
on the weekend boring, but.

Speaker 4 (01:04:52):
Bitcoin, Bitcoin was amazing. I sat here on what Wednesday,
Tuesday or Wednesday and said, bitcoin's getting ready to explode,
and it did. I don't know why I did. It
just felt like it was getting ready to go.

Speaker 5 (01:05:04):
I don't know if it was last week or the
week before, but yeah, what I said on the show
about it just setting up ready. It's been shelving for
a while, right, been flagging. And it jumped up to
one hundred and eighteen thousand on Friday Friday morning really
and trading there, I mean closed Friday around one hundred
and seventeen to five and just high.

Speaker 4 (01:05:24):
Was one hundred and twelve and then it it took
to one hundred and twelve forty, one hundred and twelve
forty dollars and backed off a little bit, and then
it just exploded. And on Thursday, after hours, the first
hour or two after trading, it popped three percent, three
thousand dollars.

Speaker 1 (01:05:44):
And I.

Speaker 5 (01:05:46):
Don't think it's going to be hard for a lot
of you to maybe accept this, but I do think
that big beautiful bill is one of the reasons that
helps bitcoin.

Speaker 7 (01:05:54):
Because it's inflationary.

Speaker 5 (01:05:55):
It's an inflationary bill. I mean, at the end of
the day, if the government's going to be spent more money,
it's good for bitcoin. Bitcoin's a fixed asset. Anytime that
other currency is either getting devalued or inflating away, it's
gonna help it. So yeah, I think at the end
of the day, that's what really helped propel it into
the next now price discovery mode. I've been talking on

(01:06:16):
this show for a while about one hundred and twenty
thousand being the moment where things get into fomo territory,
and after that it's just it's a casino and there's
I think at that point bitcoin would have gotten a
little ahead of its skis, and that's where you can
start looking at maybe taking some profits. I think with
what I'm seeing, I would personally take probably twenty five

(01:06:38):
percent something like that, around like one hundred and thirty
hundred and thirty five. And after if it goes above that,
it's gonna be just people are gonna have their faces
ripped off and it'll come right back down. Okay, it
very quickly, I think bitcoin, I've seen it many times.
It'll spike up and it tracks a lot of investors,
and then it will spike down very quickly after and

(01:06:59):
all those investors got in I think bitcoin is terrible
for their entire rest of their life, and they get
a sour taste in their mouth. It's the ones that
have been disciplined, just like any investment field, it's the
ones that have been disciplined, had the thesis and stayed
to it over a long period of time that are
really benefiting from this all time.

Speaker 7 (01:07:16):
You were talking about it earlier this week about the
alternate coins not really catching as.

Speaker 1 (01:07:20):
Much of a bid this.

Speaker 6 (01:07:23):
Phase of this trial.

Speaker 7 (01:07:24):
The reason, Yeah, this season, that's what you should call it.

Speaker 4 (01:07:26):
I was looking at the Ethereum EPF and it's down
this year pretty good.

Speaker 5 (01:07:30):
Well, and that's what we were talking about. Normally, what
you have is when Bitcoin starts taking off, we call
them the all coins, the alternate coins will start really
outpacing Bitcoin, even because the idea is, oh, these coins
are a lot cheaper, they have so much more room
to run than Bitcoin, not understanding that that's not the
reason these things, but that's what happens. We saw this

(01:07:51):
happen with NFTs the last season. Right, all of a sudden,
people are buying JPEGs for millions of dollars. There's no
value in those things, right, That's what I thought would
happen as well in this season, but it hadn't. Now
we're starting to see it ripples up ten percent today
ethereum the last week has outpaced Bitcoin. You're gonna start
seeing I think some of these other crypto coins with

(01:08:11):
crazy names start popping off. Those are when you know
it's it's coming to the end.

Speaker 7 (01:08:16):
Of the because ultimately it takes some of the confidence away.
Right when you have Pepe the frog coin going up
twenty percent, it's like, why am I buying this?

Speaker 1 (01:08:24):
Why?

Speaker 6 (01:08:24):
Why is crypto?

Speaker 4 (01:08:25):
Whatever happened to NFTs that was one of the strange
died off, They're still around and it's it's I mean,
if they have any found.

Speaker 5 (01:08:33):
Yeah, it's still a one hundred billion dollar industry.

Speaker 4 (01:08:36):
Still a big deal.

Speaker 5 (01:08:37):
It's not nearly as big of a deal as it
was last season.

Speaker 4 (01:08:40):
Now the hop aout valuations if they hell, I mean
not that the elicitors care about this. In fact, i'lt
to move on. After a very quiet week the calendar
coming off the fourth of July, the calendar last week
was just nothing. There was just no economic news at all.
This week, we get very busy, ARNI, you start to
come in bunches. Tuesday we get sea PI, Wednesday we

(01:09:01):
get PPI. Thursday we get retail sales. So after sitting
around doing nothing for a while, we're gonna have a
lot of stuff to react to next week. Interest rates
continue to edge higher, have been steadily edging higher, although
times the mortgage rate has gone from what's seven to
six point seven? I think was what I saw on Friday.
Uh so the mortgage rates actually dropped while the two

(01:09:25):
year and the tenure have been steadily pushing higher.

Speaker 5 (01:09:28):
Yeah, I'm not sure where you I've been seeing it
just at the six point seven mark for a while,
have you. Yeah, it's well.

Speaker 4 (01:09:33):
I got to seven though, I think seven the top
A month ago, six weeks ago, I thought I heard seven.
Maybe I could be six point seven might have been
the top.

Speaker 5 (01:09:41):
But yeah, I mean that the tenure this week I
thought was really interesting. You have that big increase, and
I mean not power, but Trump is talking to pal
just you gotta cut rates. I mean, if anything's going
to stop this rally from continuing into next year, it's
having higher rates and we have to ref finance all
of our government debt that we took out in twenty

(01:10:02):
twenty at zero percent. At these higher rates, that's going
to be an issue. And that's why Trump's pounding the
table so much. And the market seems to think that
we're going to have rates around for a while, and
that's that's kind of scary.

Speaker 4 (01:10:15):
Yeah, it does. It seems like there is just not
much of a give up and rates. Everybody is still
bond buyers are still on their pins and needles about
when's the effect of these tariff's going to come now.
The Federal Reserve recently did a survey and the expectations
over the next twelve months of this group of people,

(01:10:36):
again it's just a guess, right, is that inflation would
be three percent, which is essentially what the expectations were
when Trump took office. So there's been no change.

Speaker 5 (01:10:47):
And the bond market's not betting on lower interest rates
right now. Right the ten year it isn't run by
the Fed. If the ten year in the market really
thought well, we were going to have lower interest rates, it
should be in the high threes right now.

Speaker 7 (01:11:00):
And at the same time, I mean, if you're gonna
use bitcoin as an inflation barometer, rate should be decreasing.

Speaker 5 (01:11:06):
Yeah, I mean, I think bitcoin is one of the
truest inflation barometers, and there's the reason it's at all
time huh h.

Speaker 6 (01:11:12):
Yeah.

Speaker 4 (01:11:12):
I just exploded on Thursday. I don't think I've ever
seen it move up so fast, so far, so fast,
you know, a couple of thousand bucks literally in like
ten minutes. Yeah, I don't know what that was. I
guess it was a breakout, technical breakout, and so people
that were short or bitcoin have to recover real quickly,
and that creates that buy and panic. We're coming to
the end of the segment. We'll be back with more

(01:11:34):
of the Money Matter Show. Dino, come back and join us,
and we thank you for taking your time out of
your Sunday to listen to the Money Metter Show. Welcome
back to the Money Matter Show. This is Dave Surewood.
I'm here with Dave Greenberg, Todd Clig Junior shaking his head,
and Dylan Greenberg.

Speaker 1 (01:11:50):
Welcome back. Do you know it's good to be back.

Speaker 4 (01:11:53):
Could to hear your voice on the radio in person?

Speaker 1 (01:11:56):
I did it. I did a couple of I did it.
I did my monologue then as I at that time.

Speaker 6 (01:12:00):
I think it was what you were in Greece?

Speaker 4 (01:12:03):
Oh grease, okay, yeah, you didn't do a couple. You
did one?

Speaker 1 (01:12:05):
Yeah, okay, one one of some bad no one.

Speaker 2 (01:12:10):
That's amazing considering I'm on my cell phone in the
in the in a in my in my room on
a cruise ship.

Speaker 4 (01:12:18):
That's amazing. I mean, isn't that amazing the technology? Yeah,
that that that you can get there?

Speaker 2 (01:12:24):
And Dylan was able to figure it out too tooth
everything I get great, I get both.

Speaker 4 (01:12:28):
Of you guys.

Speaker 1 (01:12:28):
Credit.

Speaker 4 (01:12:29):
It's fantastic. Hey, Hers, she's been struggling with declining sales.
I was looking at this this past week. Todd, you
actually were one the one that brought it to my
attention a while back. And Hers, she's really been struggling.
They've lost over the last couple of years. They've lost
a bunch of marker share, a lot of talk about, well,
these people that are on those empicon Manjorno are not
going to be buying candy. And and then then Trump

(01:12:52):
dumps his fifty percent teriff on Brazil and I'm thinking, oh,
that can't be good. It's down three percent that day.
It's a relatively inexpensive stock with a decent dividend.

Speaker 5 (01:13:05):
But I think the most popular candy in the country too.

Speaker 4 (01:13:10):
Yeah, yeah, you're absolutely right, the most popular candy in
the country. Did you know see what the most popular
candy in the country is. Do you know what that is? Well,
would you guess it's the most popular candy in the
United States? Oh wow, I think like Eminem's right, or
maybe a Hershey bar or something, Yeah, Snickers bar or something.

(01:13:30):
It's A's peanut butter cup.

Speaker 2 (01:13:32):
Oh yeah, yeah, that's pretty wild, that is.

Speaker 4 (01:13:36):
I mean, because they're good, Well, they are delicious. Okay,
I'm not I'm not just I'm not saying anything bad
about them. They are delicious.

Speaker 2 (01:13:44):
Uh but you know, yeah, But going back to the
thing with the candy and all, I think it's a
generation thing too. I think as as parents having younger kids,
they're not allowing them to have as much candy as
we did when we were going.

Speaker 4 (01:13:58):
Yeah that's true. Yeah, my mother had candy.

Speaker 2 (01:14:00):
All all over my grand I love slipping on my
grandparents house. Okay, they've gotta sleep, but I'd be watching
w W ON and going in there and getting U
Hershey bods, yeah, Hershey Bods and ice cream.

Speaker 5 (01:14:14):
And I wont to parents have younger kids. What how
do parents have younger kids?

Speaker 1 (01:14:19):
Parents? I'm younger kids that are younger?

Speaker 3 (01:14:22):
Thought they all start at zero?

Speaker 5 (01:14:24):
Oh all right, so am D it was up seven
It was up seven percent on the week. Am D
is trying to catch up to the NA video race.
And that's I think only in the video is how old?

Speaker 1 (01:14:36):
Twenty four?

Speaker 2 (01:14:37):
Okay, so so the bottom line has been going on
for about thirty years.

Speaker 1 (01:14:40):
Okay, AMD is gonna be catching up to was Intel
at that time?

Speaker 4 (01:14:44):
Intel?

Speaker 2 (01:14:45):
Yeah, Oh, they're gonna tell you take over Intel. They're
not gonna take over there, so they're gonna take over that.

Speaker 6 (01:14:50):
AMD is good.

Speaker 4 (01:14:51):
They finally caught Intel. They finally caught in thirty years.

Speaker 1 (01:14:55):
You said the a MD.

Speaker 3 (01:14:56):
Yeah, micro devices right.

Speaker 6 (01:14:58):
For thirty years?

Speaker 4 (01:15:00):
Yeah, yes, yeah, they've been They've battled Intel for thirty years.
They were always second place, always second place.

Speaker 5 (01:15:08):
The CEO and D wasn't the video's cousin at the
time either.

Speaker 4 (01:15:13):
And video didn't exist, so exactly.

Speaker 5 (01:15:16):
It is a completely different business than when it was
competing against.

Speaker 2 (01:15:20):
Chips and the other one was Micron, which by the way,
it's Gpu. Think it's a pretty good bye here looks
like it's gonna keep going.

Speaker 3 (01:15:28):
So why is AMD up seven percent on the week, then, Dan.

Speaker 1 (01:15:30):
Because it's good. They like it. It's doing well.

Speaker 4 (01:15:35):
I saw something coming up.

Speaker 5 (01:15:36):
The market is pricing in that it has really good
ships as well. Yes, and if, like we saw with
deep Seek, if you don't need the latest and greatest,
all the.

Speaker 1 (01:15:45):
Chips are out there.

Speaker 2 (01:15:46):
What I don't understand, and I don't think anybody at
this roundtable does, is what chips are used for?

Speaker 1 (01:15:50):
What?

Speaker 6 (01:15:52):
What?

Speaker 1 (01:15:53):
What chips are used for?

Speaker 7 (01:15:54):
What?

Speaker 1 (01:15:55):
You know?

Speaker 2 (01:15:55):
What I'm saying like, we don't know what the A
M D versus the micron versus, the tel versus, the
broadcom versus the other one. I mean, they all have
a processing for something that is beyond my understanding.

Speaker 1 (01:16:11):
So buy them all.

Speaker 5 (01:16:12):
Yeah, that's how I feel about healthcare. But even more
so in healthcare, I don't know what the heck I'm
doing because it's like, you hear this revolutionary technology or
revolutionary medicine.

Speaker 1 (01:16:20):
Well you're talking about biotech more than healthcare, right, Yeah.

Speaker 5 (01:16:23):
It's like, but how does that actually flow down to
the bottom line? Does the insurance cover it? Is this covered?
It's so hard to gauge those businesses. It sounds so exciting,
but also what does it mean?

Speaker 6 (01:16:33):
Well, and like you said too, if you want to
if you don't know which one to buy, and you
want to, just buy them all because they all do well.
That's why they created ETFs, like soxx is the chip
maker ETF as Nvidia has a MD has, Intel has
all of those. You buy it for one price. I
think it's two hundred and forty five dollars a share
right now, rather than buying six different companies. That's the
beauty of an ETF.

Speaker 4 (01:16:54):
Yeah, I like that.

Speaker 8 (01:16:55):
Yeah.

Speaker 4 (01:16:55):
I AMD always chased in talent, they always lost.

Speaker 6 (01:16:58):
That's why I've never heard of that.

Speaker 4 (01:17:00):
Finally they caught Intel right and now they've got in video,
and the video just jumped right over.

Speaker 5 (01:17:05):
Them and just well, A and D got killed. I
mean they were almost down seventy percent from their all
time highs and then after the April lows, they've really
come back strong.

Speaker 1 (01:17:14):
What do you think the video was? It was when
we got down to what.

Speaker 5 (01:17:17):
You should have saw in comparison to the video. Though
AMD got hit way harder than the video.

Speaker 2 (01:17:23):
Micron was one hundred and fifty five and went down
to sixty five.

Speaker 1 (01:17:26):
Yea, you know they all got hit.

Speaker 2 (01:17:27):
That's the thing that that's the reason I'm I'm I'm
saying the reason we still stayed with the video is
because the past history of understanding. As you're turning in
the technology, you hung with it, you know what I mean.
It was the leader in that and and it's going
to say that. But as soon as you do that,
as soon as they have competition at the same level

(01:17:48):
they are, that's when the video is going to fall
off if they can't keep that. But will they get
to five trillion before it gets the three trillion.

Speaker 3 (01:17:56):
It probably will.

Speaker 4 (01:17:58):
I ceith the oddre good. Yeah, deflation and with the AI.

Speaker 5 (01:18:01):
Another ship company I think is interesting is Marvel because
they specialize in some of the A six right, and
those A six are going to become a bigger part
of a teleology mix.

Speaker 1 (01:18:10):
You know, it's so hard to know which one mm hmm.

Speaker 6 (01:18:13):
There is one out there that seems to have a
monopoly on stuff in the chip world, and that's ASML.
They create the machines that create the chips, and they
seem to have a stronghold on the machine building. Nobody
really has caught up to them that it really seems
to right, But they got be I think when you're
talking about having like a monopoly on in the chip
industry ASML, those machines cost twohunred million dollars apiece. They

(01:18:37):
make what like forty five a year.

Speaker 1 (01:18:38):
Yeah, something's so small to another one out there.

Speaker 2 (01:18:41):
What about super micro computer? Okay, what are they doing at?
I mean how they were they were, they were left
for dead and now they've come all the way back like.

Speaker 6 (01:18:49):
A memestock to me. The way it moves, I don't know.

Speaker 1 (01:18:52):
I mean you read the stuff they say something behind it.

Speaker 5 (01:18:55):
Another company as interesting as VRT, it was in the
news this week because Amazon came out with their version.

Speaker 4 (01:19:00):
Of liquid cool There is variative is the liquid cooling
of these GPU, especially the black well overheats, and you
can't use regular AC cooling mechanisms, so high higher power,
higher power chips simply will melt down.

Speaker 5 (01:19:14):
If they're not very very powerful chips, they need a
lot of cooling. So you throw a little liquid through
them and they're just fine. So VRT specialized in this
technology and pretty much as a leader in this space.
But then Amazon came out saying they figured it out
as well, and it shot the stock down nine percent,
almost fourteen percent at one point during the day, but
then VRT almost recovered almost finished down. Yeah, it was

(01:19:37):
only down like four percent or something. Yeah, and that
was because they realized Amazon's not going to be going
commercial with their product.

Speaker 3 (01:19:44):
That they figured out they're just going to use it
for their themselves.

Speaker 5 (01:19:47):
Internally, it's going to happen.

Speaker 2 (01:19:49):
Everyone's going to have to start looking at themselves. It's
going to be kind of America first is going to
be company first, because you're gonna we're going to not electricity.

Speaker 1 (01:19:57):
Until we come up with an idea.

Speaker 2 (01:19:58):
And if you know, no one's gi Trump credit for this,
But if we just went down the Biden way and
all where everything has to be green and everything has
to be electric, there's no way any of things that
can happen. We need to use a little bit of
everything so we can survive.

Speaker 1 (01:20:15):
It's that simple.

Speaker 4 (01:20:16):
China's generating four times the amount of power we are,
and they're doing it with coal fired plants. They might
bringing them online left and right. You want to global
warming to stop and clean up the air, tell China,
Tell China about it. They don't get it. They don't
want to get a turned Yeah.

Speaker 2 (01:20:30):
So I got a little question for you guys, little tidbit.
Traveling around the country, you see people with hats on
all the time. What sports team is the number one hat?

Speaker 6 (01:20:41):
Yeah, travel around the world, travel right around the world.

Speaker 4 (01:20:43):
In Europe, Green Bay Packers, Oh, Green Bay Packers, that'd be.

Speaker 3 (01:20:47):
The second one. Daughters has got to be the second one.

Speaker 2 (01:20:49):
Ninety nine point nine percent of the people were wearing
a Yankees hat. Right I saw, I probably saw I
want to say, five hundred of them, wow, right saw?
I saw two Dodger hats, I saw one San Francisco John.
I saw three Mets hats I found. I saw two
Giant football New York Giants football, I saw one Green

(01:21:13):
Bay one one Miami Dolphin.

Speaker 1 (01:21:17):
That said, I mean they were only Yankees.

Speaker 2 (01:21:19):
So I decided, Okay, my friend and I my friend's
a huge Yankee fan, and we started doing like the
uh like like like the TikTok thing, even though we
don't know TikTok, but we would go up and interview
the person to see what they knew about the Yankees.
How many people they, you know, knew None of them
even knew where the Yankees were.

Speaker 1 (01:21:35):
They just an know, we like the hat. We like that.

Speaker 2 (01:21:38):
I said, you know what, what what state is the
New York Yankees in I don't know.

Speaker 4 (01:21:42):
They probably don't even know what the symbol says.

Speaker 2 (01:21:48):
I mean, I saw him in green, I saw him
in blue, I saw him in black, I saw him
in orange, I saw him in white. It was crazy
and it was every nationality was wearing a Yankee hat.

Speaker 1 (01:22:00):
Believable all over the world.

Speaker 2 (01:22:02):
Yeah, you would think the Dodgers because a lot of
the Asians I thought would be doing it because.

Speaker 1 (01:22:07):
Of what's his name? Yeah, but no, Dylan said, looking
at it, if you.

Speaker 5 (01:22:11):
Went to Asia, you probably would have seen a little
more Dodgers.

Speaker 3 (01:22:14):
But you're in Europe, to.

Speaker 6 (01:22:15):
Be fair to Japan's everywhere.

Speaker 5 (01:22:17):
Yeah, yeah, Atani's crazy over there.

Speaker 6 (01:22:19):
Probably would have saw a lot of Dodgers stuff there.

Speaker 1 (01:22:21):
How about it?

Speaker 4 (01:22:21):
How about how about a quiz? How about the categories
the US adults are likely to cut back on if
tariffs lead to higher prices. The category what do you?

Speaker 3 (01:22:31):
Is it a multiple choice? He is the guess.

Speaker 1 (01:22:33):
Yeah.

Speaker 4 (01:22:33):
The number one they're going to cut back on is
fast food restaurants, which I thought was interesting. How I
thought you actually increase the fast food resturants. Maybe instead
of going to Jimmy John you go to mcdonald'sor instead
of going to Fleming you'd go to Burger Camp.

Speaker 2 (01:22:47):
But McDonald's to say, why do I want to pay
ten dollars at McDonald's when they can pay eleven dollars
at so and so on twelve dollars.

Speaker 4 (01:22:55):
I'm talking about going to a nice restaurant versus McDonalds.

Speaker 6 (01:22:59):
That's what he's like. The fast food restaurants aren't that
cheap anymore. It's not that the dollar mini is not
very good.

Speaker 4 (01:23:06):
Number two. Number two things are gonna cut back on
is fast casual restaurants. Number three? What is what fast casual?

Speaker 2 (01:23:13):
Okay, you're basically saying going out to dinner is going
to be talking number three full service restaurants. That's pretty
much just wrap it out and say going out.

Speaker 6 (01:23:26):
So you're saying grocery stores would be good to invest
in if terrors keep hitting hard.

Speaker 4 (01:23:30):
That's amazing. And the one that's good, they're gonna cut
back on the least gasoline, Well they have to.

Speaker 3 (01:23:37):
How are you going to get rid of that one?

Speaker 4 (01:23:38):
You know?

Speaker 1 (01:23:38):
It's interesting.

Speaker 2 (01:23:41):
Well, we're coming up to things, so I'll say that
I want to talk about restaurants tipping all the extra
money that they put on stuff, and how I was
so ahead of the game when it was in my restaurants,
but everyone thought I was crazy saying how to put
it there?

Speaker 1 (01:23:54):
They all do it in Europe. We'll be right back.

Speaker 2 (01:23:56):
Welcome back, everybody to the last segment of the Money
Matty Show. As you know, if you missed any part
of it, or you ever miss a show, if you
want to do it, you can always just go and
to a website it's podcast. There's a podcast on there,
or you can go to the podcast places and just
go Money Matters with Dean Greenberg. And you got to
say with Dean Greenberg, because there's a bunch of different

(01:24:18):
ones they over thirty five years, there's probably about ten others.

Speaker 3 (01:24:24):
Should have copyrighted it.

Speaker 2 (01:24:25):
I didn't do this to get into the radio host business.
I did it so people can understand our thinking and
how we work in all to build up our business.

Speaker 1 (01:24:35):
Here.

Speaker 2 (01:24:36):
There's a different If I was a radio host, it
would be totally different. I couldn't just talk talk to
truth all the time. You'd have to be doing things
like they do. So you can be spectacular and get
everybody to want to listen, so you can get paid
on commercials.

Speaker 4 (01:24:49):
You want a fund, fact, I want to go back to.

Speaker 1 (01:24:52):
The restaurant thing. Okay, you go, okay, go ahead.

Speaker 2 (01:24:54):
So the fact when you're in Europe, it's very interesting
how we go out to dinner here and we go
out to places there. Number one, the service here, they
can't wait to turn the tables. Here, they can't wait
just to give you the food and do it. Very
rarely do you run into a very great server unless

(01:25:16):
you're at a higher end restaurant. Most of the ones,
especially I know from owning restaurants and stuff here, they
don't care.

Speaker 1 (01:25:24):
They don't care.

Speaker 2 (01:25:25):
It's a it's a quick buck in their pocket. Make
the money, move on, and they have so many other intants.
But over there, the action the services are actually older.
I mean I would say the average agency service was
about forty in the forty fifties.

Speaker 1 (01:25:37):
Your career, yeah, it's their career.

Speaker 2 (01:25:40):
No tips at most places, the the especially the local ones,
the tips, and they can't put tips on on the
credit cards.

Speaker 1 (01:25:51):
You have to.

Speaker 2 (01:25:51):
If you want to give them a tip, you give
them cash. Oh wow, Okay, so they don't encourage tips
at all. They're more more popular places, you know, the
more tourist places. They got a little place on there
that you know they talk about tips are welcome.

Speaker 1 (01:26:06):
They have vat.

Speaker 2 (01:26:08):
Taxes, they have every other tax you want. But what's
interesting is you pay it's called takeaway. If you go
allder your food and take away, you pay one price.
If you sit down at the table. Everyone's charged anywhere
from two fifty to five bucks a person for using
their table, using their utensils, using the seats, the chairs,

(01:26:33):
everything in there you paid for.

Speaker 1 (01:26:36):
And I thought about that.

Speaker 2 (01:26:38):
That's so true because we used to say I loved
it when people came in and just took the food away, right,
But when people come in, they sit, they do this,
it's great, but they don't go ahead. You know, they're
not paying for that and to increased prices and stuff.
So you just say, here, it's like a seating charge, accommodation.
They called it accommodation charge. So you had to pay

(01:26:59):
that and and and you know you kind of got used.

Speaker 1 (01:27:02):
To it after a while.

Speaker 2 (01:27:03):
That added, Yeah, you didn't understand because you see everything, oh,
eighteen eighteen dollars eighteen euro which is twenty dollars, but
eighteen euro you know, times spores like seventy two dollars.

Speaker 1 (01:27:13):
The next thing, you know, the bill's over one hundred.
And we didn't leave a tip.

Speaker 4 (01:27:16):
Okay, like a hotel where you've got all the add on, right.

Speaker 2 (01:27:19):
But it's interesting how they did that there and we
and we asked them what's it's all about, and they said,
it's because you're paying for all the things that we
have to keep up and be nice and wash and
do and.

Speaker 1 (01:27:31):
And everything else.

Speaker 2 (01:27:32):
I thought that was brilliant, honestly, you know, I thought
it was brilliant, real different. Yeah, and they get paid
well because it becomes careers for them there, so they
don't get the tints.

Speaker 1 (01:27:43):
But if someone went out of the way, we always
gave a tip.

Speaker 4 (01:27:45):
It is awfully annoying that I get takeout every night
and you go and get they turn the machine to
your right, and you got to you got to hip
or tip them right or a risk having a spit
in your food right one or the others.

Speaker 1 (01:27:57):
So well, you know what, Now I'm gonna tell them
go to your up learn how you really do this.

Speaker 2 (01:28:02):
Okay, they're gonna spin your food first of all, i'll
give you a tip, you gave me a less price.
I should not be paying the same amount of money
as that person over there, using your space and your
utensils and your glasses and making the dishwater, having to
pay a good dish.

Speaker 1 (01:28:16):
Washing that might not come in that day. Yeah, exactly.
I like that.

Speaker 2 (01:28:21):
If I was going to open another restaurant now that
was that, I would have a takeaway price and then
I would add the addition on the onto the table, okay,
and I would make sure that all my service understood
exactly what I was doing and why am doing it.

Speaker 4 (01:28:35):
So if we're not used to that kind of an approach,
you probably have a lot of people eating in the car. Yeah,
one thing, imagine that parking.

Speaker 1 (01:28:44):
It's a whole new industry.

Speaker 2 (01:28:46):
And then we'll put we'll put roller skates on the
We'll put the roller skates on the service.

Speaker 4 (01:28:54):
Wait, sounds like that's.

Speaker 1 (01:28:58):
No, But I thought that was a ver interesting part
about what was going on.

Speaker 4 (01:29:02):
That is that's fascinating, totally, Like it's a whole different country. Yeah,
it's like the old Steve Martin routine comes back and
he goes in France. Hat is Chapaul and this is
that so like those French have a different word for everything.

Speaker 1 (01:29:18):
Javes right on target today, isn't he?

Speaker 4 (01:29:21):
Yeah?

Speaker 1 (01:29:21):
Is this the way he's been for the last six weeks.

Speaker 4 (01:29:23):
I we're always like this, Yeah, We're always like we're
happy guys. Fun facts. Wilson's Sporting Goods. You guys are
sporting good people, right, So the Wilson's Sporting good Company,
I love. This started off as a meat packing plant
in New York City. Deane. You probably even stopped by
there when you were a kid.

Speaker 2 (01:29:39):
Wilson. Think about this. My first golf clubs when I
was twelve years old. My grandfather bought it from me
for Hanka. They were Wilson's.

Speaker 4 (01:29:48):
That's amazing Wilson's, Yeah, because that was the name back then.

Speaker 1 (01:29:52):
No pings, no tailormads, it was Wilson.

Speaker 4 (01:29:54):
This meat packing plant was owned by a guy's name
Schwartz Child and Soulsburger.

Speaker 1 (01:30:00):
Of course.

Speaker 4 (01:30:00):
It was in nineteen fifteen and they formed a subsidiary
that they were experimenting with animal byproducts and how they
might be able to use those or not. They started
using animal byproducts to make tennis rackets, strings, violin strings,
and surgical sutures. But in nineteen fifteen they hired Thomas
Wilson because they wanted the company, because the company wasn't

(01:30:23):
doing that well and they wanted to sound more American.
Was it called Wilson before they hired Thomas Wilson. No,
it was called schwartz Child in Salzburg. No, they hired
Thomas Wilson so they could use his name, and it
became the Wilson Company and the rest is history. And
he emphasized that the cool part about it, Dean. You know,

(01:30:43):
the first American football game was played in eighteen sixty nine.
It was Princeton against Rutgers. Forward pass was not allowed.
They used a rugby ball right right, and so it
was kind of a form of rugby. But when they
made the Forward Pass League in nineteen oh six, to
but just rush to make a ball that would sail better,

(01:31:05):
and Wilson worked with new Rockney from Notre Dame, the
famous Notre Dame coach. They came up with this, this
is more spherical ball that would would float better through.
There you go. Now, Wilson makes two hundred and seventy
five thousand tennis balls every single day, seven days a week,
two hundred and seventy five thousand tennis balls every day.

Speaker 2 (01:31:30):
You would think that a lot of bunny book, but
they probably sell it for at fifty cents.

Speaker 4 (01:31:33):
Isn't that amazing? I mean, that's that's absolutely Maybe.

Speaker 5 (01:31:36):
We talk about Dave on this company, this company called Dave.

Speaker 4 (01:31:39):
Yeah, I'm very popular and very popular right now.

Speaker 5 (01:31:41):
It is a company called Dave.

Speaker 4 (01:31:42):
I'm all the rage on the stock market.

Speaker 5 (01:31:43):
Yeah, but it's down twenty seven percent this week.

Speaker 4 (01:31:46):
Oh no, ye oh no, you're not.

Speaker 5 (01:31:48):
All the rage anymore.

Speaker 4 (01:31:48):
No, they must have talked to my wife.

Speaker 5 (01:31:50):
Yeah, finally took some profits on you.

Speaker 4 (01:31:53):
Oh my goodness. Wow. That's the one that I can't
get over is Costco. Costco is on everybody's bylist, everybody
he loves Costco. But the stock has been slowly drifting south.
It's now down ten percent.

Speaker 2 (01:32:07):
Are they concerned because the tariffs are going to make
people that go to Costo have to pay more?

Speaker 4 (01:32:11):
They think the Costco is going to be one of
these that's going to win that battle?

Speaker 1 (01:32:14):
Will they? Yeah?

Speaker 2 (01:32:15):
They will they because they have all this They have
very low prices because they're able to get stuff from
outside the country.

Speaker 5 (01:32:23):
That's a Kirkland brand. Yeah, that's that's it depends where
Kirkland's made.

Speaker 4 (01:32:27):
Costco Yeah, and Costco can pretty much pay whatever is
Kirkland signature.

Speaker 2 (01:32:32):
I thought Kirkland was like a premium thing but just
put their name on it.

Speaker 6 (01:32:36):
Costco owns it, owns Kirkland and they Kirkland wasn't as
big before Costco bought it. Costco bought their infrastructure, like
their warehouses, and then just that's why it's blown up
everywhere now. But it's a Costco brand.

Speaker 4 (01:32:48):
Of course, Costco is always packed.

Speaker 1 (01:32:49):
But who makes it packed? Costco Kirkland does, I think?

Speaker 6 (01:32:53):
I think the major company Costco owns Kirkland.

Speaker 1 (01:32:56):
I know, but it's Kirklan is just a distribution.

Speaker 6 (01:32:58):
No, yeah, in a sense, because I mean like Kirkland
vodka is Grey Goose.

Speaker 2 (01:33:02):
That's why that's what I'm trying to say. Exactly, it's
greg Goose, but be put on it. They pay, but
they sell cheap because.

Speaker 6 (01:33:09):
It's like That's why I mean Costco or Kirkland had
a lawsuit with Tailor Made because the new Kirkland golf
clubs were very similar to Tailor Made too much, I
guess with their patents. So they have a whole lawsuit
of it. Like Kirkland brand stuff is very good. You
just Costco manages to get it at a very deep discount,
and that's why they could sell it cheaper. What is
premium stuff?

Speaker 4 (01:33:29):
I look at these Costco by ratings. I saw several
of them last week after they came out with the
same store sales were good. The growth rate looks like
it's going to be around eight percent. Stock is selling
at fifty four times earnings. Dean seems a little expensive.
Isn't it even even down ten percent? You went, God,
why would you? Why would you be wrecked? And I
understand the stores are always packed. It's a great company.

(01:33:52):
They do great business. Uh, they provide us with wonderful products.

Speaker 8 (01:33:57):
Jesus, seems like that stock still sell the hot ye yeah,
never drink that's gonna go to That's what I don't think.

Speaker 3 (01:34:09):
So I don't believe that one will do that.

Speaker 4 (01:34:11):
Is there one thing where they say it's always.

Speaker 6 (01:34:14):
The chairman says alive, they're not moving those prices. Everything
else will I heard that?

Speaker 1 (01:34:19):
We'll see.

Speaker 4 (01:34:19):
Yeah.

Speaker 5 (01:34:20):
Well. The thing that also I thought was interesting this
week open a coming out with their own browser trying
to compete with Google Chrome. Yeah, I very doubt that
will succeed because of the clean nex effect. That's that
also called the network effect. We already have Chrome. I
don't feel like people are going to move to it,
but I guess we'll think AOL one point too. And
then we went to Gmail.

Speaker 1 (01:34:37):
So but Google is like coke.

Speaker 2 (01:34:39):
Okay, you want to sew them, you say, hey, I
want to coke, even though it might be pepsi or
c Okay. When you want to go ahead and find,
you don't say oh, you say google.

Speaker 4 (01:34:49):
It and then okay.

Speaker 2 (01:34:50):
And sometimes you don't even know what brows are you using,
but you say google it.

Speaker 4 (01:34:54):
And then Google. The new Google AI is fantastic.

Speaker 1 (01:34:56):
Oh yeah, I know. I just today you came up
with me. I was like, hey, would you like to
use Google Ai?

Speaker 5 (01:35:01):
Quite as good to me as some of the other
It doesn't matter, It's very useful.

Speaker 4 (01:35:05):
Jed GPT and I have a real a difficult relationship.

Speaker 2 (01:35:09):
All right, we're done another show in the books. Yes,
so let's say goodbye. And what do we say?

Speaker 1 (01:35:16):
We want you to be happy, you remember, we want
you to be healthy. And at the end of the day,
we all want to be robbing the ball

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