Back on Top: AI Spending, Rate Cut Hopes & Market Momentum

Episode Transcript
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Speaker 1 (00:01):
The good morning everybody. It's that time, Sunday morning right
here on seven ninety kNs T. It's eight o'clock and
this is Dean Greenberg with your Money Manning Show. It's
been another good week for the markets, and it's nice
to feel good about the markets. Why do most of
us just not feel that great? Bottom line is because

(00:21):
we know, we know we've been around this before. When
the markets get to where it's just a certain certain
group of stocks like technology that keep moving higher than
at any time something could happen to turn down. But
in the meantime this week we still had to dial
up one percent. SMP was up two and a half,

(00:43):
the Nasdaq was up almost four, Russell up two and
a half, and the equal weighted was up point eight.
And that's what we look at. You see the week
the equal weighted S and P five hundred, it was
up only one third of what the SMB five hundred dollars.
We've seen this before, and I'm not saying it's going

(01:04):
to stop, but to pile it in at this time
because you got fomo fia of moving out, it's probably
not the right situation right now. I'm uncomfortably bullish right now.
I'm uncomfortable because of the evaluations. I'm uncomfortable at where
the prices are. I'm uncomfortable because we really haven't had

(01:26):
a decent pullback. We had one day when the S
and P went down over one hundred points, and boom,
the next few days we rallied all the way back.
We're not back to the old highs inch a day
over sixty four hundred, but it's kind of getting there.
But it goes back to what I still think is
going to happen. We're walking into August and September, so

(01:48):
at best the markets stay about neutral. I think the
markets are hard to move down right now because they
are believing that Trump will get the Federal Reserve to
start loan interest rates. They start loan interest rates, it's
usually not just a one time deal. And if they

(02:09):
can keep bringing interest rates down, that's good. But here's
the problem. There are some inflationary numbers that are out
there right now. We're going to see the terroriffts actually
show a little bit of inflation, that doesn't mean everything crumbles,
but what it will mean is the markets will anticipate

(02:32):
maybe not loan interest rates right away by the Fed
and that will cause us to go down right now,
I think the markets are anticipating them to go ahead
and do this. Now. The terriffs in some cases are
going to hurt a few pricing models. They will and
others they won't. But at the end of the day,

(02:55):
it's what you do with the tariff money that's going
to make the difference. We want to bring down interest
rates so we're not spending so much money to pay
off the deficit. We got to work on getting down
on debt. We got to keep growing the economy. My
fear right now is where we have stair inflation, Well,

(03:17):
we have inflation without increasing the economy. That is the
worst situation. I don't believe that's going to be the case.
You're gonna hear that out there because you want to
hear all the negatives. But we're gonna happen. I think
a couple months here of volatility again. But they do
think that any decent market moved downs five to seven

(03:41):
are going to be met with buying and I think
the fourth quarter and next year are going to do well.
Remember if on the tariffs, that's only a one time
price increase, It's not over and over and over again,
it's not like every time you're going to say they
go up three percent. It's not like every single month
they're gonna keep going three It's a one time price increase.

(04:05):
So far with Taris, we've been able to live just
fine with it. The big thing is is what we
got to do is look at where things are, the
valuations of stocks, and be careful of where we're at.
The other side of it is people that are just
trying to buy the low valued stocks are not making

(04:28):
that much money. The stocks that are moving are the
AI stocks. We've talked about this for six months now
on pullbacks. If you're not in, those are the ones
you want to get in. If you're not in at all,
you probably want a dollar cost savage in with a
little bit. Now the video when everybody just said once twice,

(04:51):
three times, they're not going to be able to increase,
and this wasn't too recent ago, too long time ago,
the video was down at the one oh seven level
on to eighty something now very short period of time.
Do I think it's going to continue higher? I do.
I think that that companies are starting to realize the

(05:14):
benefits of the money they have spent on artificial intelligence
and how it's helping them be more productive and intuitive
and not be able to bring on the high cost
of labor, which is great for people that are working
that are smart, that are in the industries that people

(05:36):
need labors, because if you're good, you're going to get
in pay increases because it's going to be off set
with AI being able to take over for one or
two other extra employees. You see that right now, if
you're good, you get rewarded. Those that are really good
with AI are getting hundreds of millions of dollars up

(05:59):
front money, basically like an athlete does contract to move
from Apple or Google or any take any of the
big companies, and Meta is paying out big bucks right now.
If you know what you're doing. They are all in
on AI. Everyone's in on AI, and it's pretty incredible

(06:21):
on some of the things they can do. I saw
the other day on AI that you know, the new
CP what is it? Yeah, I know, coming out and
then you just put in and say I want to

(06:43):
learn French. Give it to me and it'll give you
an app. We'll create an app for you that you
can learn French that quickly. Those are the things that
are positive about chat GPT. Okay, that's what's effective about

(07:03):
doing things like that. Yes, we know, it's really the
scams that are out there incredible right now, I get that.
Be smart. If you have any doubt, just say no
to look at until someone actually picks up the phone
and says, hey, I've been sending you this, why haven't
you responded? Chat GPT is changing the world. AI computers,

(07:31):
the quantum computers that are down the road to changing
the world. Drive you know, driverless cars are going to
change the world, just like we did with the cell phones.
We're in that type of frame right now, framework for
the next three to five years of supergrowth and then
the next five to seven years after that. So I

(07:53):
think we got a good ten to twelve more great
years before it becomes more of a commodity. Be even
longer fifteen years. Look for the opportunities. If you're in
the market trying to make money, now you don't have
to buy individual stocks. You can buy the ETFs, you
can buy the Nasdaq one hundred. You'll be able to

(08:16):
be part of it. Your dollar cost average in If
you're not in, you can't get over the aggressive. There's
always risk with everything you do remember that there's always risk,
so you have to allocate and change. So why am
I uncomfortable the bullish Because I'm bullish in the areas
that I think are going to grow. Not only is

(08:39):
it AI and technology, but it's energy that's going to
supply to the AI. And it's also the rare earth
mineral stocks that have been doing great. And I think
pipeline companies are going to start doing well again gas oil.

(09:06):
Not the gas companies, not like you know, the exons
and stuff like that, they'll do okay, I'm talking about
the transportation company, the ones that are going to increase
biome that get paid for everything that goes through their pipelines.
Because if we keep going ahead and increasing our output

(09:28):
of oil and gas to Europe with the deals that
Trump has made, even if oil prices are done, you
still have to pay the tax to get through the toll,
which is the pipeline. It's that simple. So be smart.
Be in the areas that you think are the best,
and that's where you put your risk capital to that's

(09:50):
how you do it. And the other more conservative areas
you're in you're in bombs, you're in fixed income, you're
in things that aren't doing go aren't the most volatile ones.
Remember there's always the ETFs. The ets will always help
you in these type markets. So on the global front,

(10:20):
we see Trump's really trying to push the end wars.
You see him with Ukraine and Putin and Russia and
he's trying to get them to the table. I said, no,
he's gonna meet with Putin again. Who knows how long
that's going to take. But I like the strategy of
getting NATO to put some pressure on getting Ukraine what

(10:41):
they need, mostly because I do believe peace through strength.
When somebody believes there could be at a weaker position,
the more apt to open up and talk and discuss peace.
If you're going to make it hard for Russia to

(11:01):
sell their oil to our allies, Russia is going to
be hurting for money, Their economy is going to be hurting,
and they won't be able to keep the war going.
First of all, there should be no war, I mean,
if you think about it where we are, but that's
what happens. Then on the other side, in the Middle East,

(11:24):
you saw that Israel decided to clean out Gaza. This
is what they've been thinking about the last year let's
separate the Palestinian good people from Hamas. But if the
Palestinian good people do not get out of the way

(11:45):
of Hamas and Amasa is going to keep them there
and kill them, they are the ones that are on
the hook there because as long as Hamas does not
want to make a deal, and that should be, I'll
give you all your prison is back, dead and alive.

(12:05):
We'll return everybody for a peace deal. They say that
Israel is the one that isn't humanitarian and they're doing
this and this. It's a mass that's doing it. It's
her moss that's not released some prisoners. It's a moss
that uses people, their own people, the Palestinians, as human shields.

(12:30):
It's a moss that kills the Palestinians if they don't
go ahead and do what they want. It's a moss
that's not letting it humanitarian aid get to the people
that need it. So, yes, I do believe we need
to wipe out a moss. We put I Ran on

(12:52):
the back burner. We've been working, We've worked with Syria.
Let's get some peace over there, wouldn't that be nice.
The only way you're going to do it is if
you get to bad actors in a very weak position
where they can't do it. The whole idea is Israel
doesn't want to go back in and occupy that, but
they do not want to leave it as a separate
state to the Palestinians who are going to let Hamas

(13:15):
run it. They need to get people in Egyptian into
the Gaza strip that are friendly to Israel so you
don't have to wake up every morning and wondering if
you're going to get kidnapped, bombed, or killed or invaded
for that matter, like they were before. I get it

(13:37):
that people don't like net and Yahu and their government,
no different than most of us don't like our governments
or different governments, because the governments are there for who themselves.
We know that, we see it. There's so much corruption.
You're dealing with Ukraine, you're dealing with Iran, you're dealing
with Russia, you're dealing with Israel, and you're dealing with ourselves.

(14:00):
There's corruption left and right. But we got to live
in this world of corruption to try to get the
most peace so you and I can live our lives
as best we can. That's why we invest. That's why
we work. That's why we do the things we do. Now,

(14:21):
let's go back to the terrort situation. I love the
fact that Trump will continue to come up with ideas,
whether they get fulfilled or not. At the end of
the day, he can't just keep making executive orders. Congress
has got to do something, and frankly, they don't do much.
They think they do, and then they get these big

(14:42):
bills and there's so much crap in them that nobody
even knows what's going on. But you heard what he said.
He wants to get to the point that we make
enough money off tariffs so people that earn less than
two hundred thousand dollars will not pay any taxes, will

(15:04):
not pay any federal taxes if you make two hundred
thousand dollars adjusted and come or less. Now, how about that?
How about that for thinking outside that box, using the
tariffs to offset taxes for the people that make less
than two hundred thousand dollars. I don't know what the

(15:26):
rest of the scale would be and stuff, but come
up with the concept and then try to make it work.
Stop saying, no, we just got to tax the rich,
tax the billionaires. You know, We've gone through this to
a nauseum. You don't need to keep talking about taxing
the billionaires. They're already taxed the best they're going to do.

(15:48):
You want to tax them more, you need to check
change the tax code. We all know that, but Congress
is too afraid to do it because where do they
get the money from the billionaires? So they talk a
big game but never follow through. The moreolved, more interested

(16:08):
in listening to who's in the Epstein files, who's in
those Epstein lists, and all this other stuff. Just like
everybody else. I would love to be interested in it,
just because you want to see because of curiosity. Is
it going to change your life? Of my life? No,
might change some corporate executives, it might change some politicians.

(16:34):
But what if your name is on there and you
never really did anything. Well if your name is on
there because you're friends with Epstein, like Trump, they say
is and all these other people because if at parties
they had pictures. Think about how many parties you go
to and you take pictures with people that you don't
even really I'm friends with your acquaintances, and then somebody

(16:56):
goes out and does something and now you tied into
it because they say you were with that pedophile. That
guy got brought up for pedal being a pedophile, and
I see your arm around him, that must be you two.
So there are things that we got to be concerned about.
Just because you see different names of different things. It's
no doubt Epstein was a creep who loved the blackmail people.

(17:19):
Any blackmailed people through the weakness of men and women
with sex. That's what he did. He capitalized on that,
knowing that if he gets that and gets information on people,
that's where he got his power. I think it's a
little bit, you know, pretty disgusting. And I think that

(17:43):
if there were people on there that can be proven
that were with underage children, they should be put in jail,
no matter what age they are now, if it could
be proven. Have you ever thought the fact that we
don't see any pictures of anybody from the island actually
on the island. Sure you get him in in his plane.

(18:05):
His plane went all over the place. Sure you get
him at maybe Palm Beach or New York, but that's
not the island. We're supposedly almost everything took place. So
I don't know. I like to move on from that
put out the list. Let it fall where it falls.

(18:26):
But that's not gonna change us. What's gonna change us
is interest rates coming down. What's gonna change us is
having these wars come to a peaceful end. What's gonna
happen is by US having trade agreements with Europe and
Japan and Vietnam that becomes solidified. I know most of
them are outlying papers. Let's solidify them. Let's get things done.

(18:47):
Those are the important things. Let's cut our deficit, Let's
cut our debt. Don't know ways you do it is
my low on interest rates. Let's grow the economy. Let's
cut taxes. Let people feel like they have money again
to do the things they want. Obviously, with the markets
up close to all time highs, you don't see anybody

(19:11):
on the left saying, look at us. He's crushing you,
he's killing your fall one K plan. He doesn't care
about you. He only cares about the rich. You ever
take a look at your Form one K plan from
the end of June. Pretty damn good since the last
quarter when everybody was bitching. But you don't hear anyone

(19:31):
talk about that. So I don't know about you. I
am tired of even giving the negatism that's out there
the time of day anymore. I want to think about
positive things. I want to see good things happen. Are
they going to be mess ups? Of course there are?
Are there going to be gas, of course they are.

(19:53):
But at least you have a president now that will
take as many questions that you want to ask off
the cuff. When he's there in the time walking to
the to his airplane doing a conference with something totally different,
he answers most of the questions and he tells you
what he thinks. You can think what you want about it.

(20:13):
But you know what, at least he's talking about things
you think he's lying, prove it, you know what. At
the end of the day, both sides can be say
they lie, but if you really think about it, everything
has a little truth to it. And everything's exaggerated on
both sides, exaggerated everything that every negative that they try

(20:39):
to say that Trump is lying about, there is some
type of truth to something, part of that something there
and his exaggeration no different than Biden, no different than Obama,
no different than Bush, no different than Clinton. They all
do it. It's impossible to know everything all the time.

(21:00):
Of everything's going on with every question, But you do
hear certain things and understand certain things, and there's embellishment.
That always happens because that's what goes on, and that's okay,
doesn't mean the lying. It means that now we do
have some lying going on. Absolutely, they keep bringing people

(21:25):
in we were duped. Nobody wants to come straight out
and say, yes, Biden's deterioration, Okay, fine, it was over
the two interiors in the four years, but they were
putting him up for president again. If he won, they
would have allowed this to happen. If they believed he
could have been part of this thing where he could

(21:46):
have done this thing where it actually would have beat Trump,
they would have kept him in and we would have
gone through the same thing again. So who is not
caring enough about the American people? That is the people
that are in charge behind the scenes. They keep bringing
up term limits, which I don't know why we don't

(22:11):
have them. I've said this for so long. We have
term limits on the president, we have term limits on governors.
Why don't we have term limits on Congress? And they're
going to vote about it themselves. How are you asking them?
It's like when they vote for their increase. Could you
imagine being in the situation where you know it's just

(22:32):
coming from taxpayers. Do you want an increase? Yes or no?
Of course they're going to say yes. Why would they
say no and no one can stop it? Same thing
with term limits? Why would the current people in Congress
vote for term limits that limits what they can do?

(22:54):
The one thing I do see that's getting some traction,
which is good. A lot of people are saying, yeah,
you're probably right. We shouldn't be being able to trade
individual companies and stocks and things like that. We should
have all we should have that blind trust or indexes
and things. How about start there. I know I'm sick

(23:15):
and tired of watching these people come in with no money,
make one hundred and fifty thousand dollars and end up
with thirty forty sixty million dollars or hundreds of millions
of dollars down the road. How are they doing that?
Think about it? So wrapping this up? This is what
I see. I see we've been going through the tarraffs.

(23:39):
We've been getting deals done. That's pretty good. I see
a little inflation coming in that's not so good. I
see the markets pretty close all time highs. Again, the
evaluations aren't there. The markets are expecting things good that
we could go a little higher. But I'm a buyer
on a move down, not on a buyer of a
move up. And you know, it doesn't have to be

(24:02):
just the overall market. Individual stocks like a m D
which was doing so great that got blasted for fourteen
points in one day, and then it's all the way
back up plus making new heis again. There's opportunities there
if you wait overall, be cautious, be optimistic, and and

(24:24):
invest uncomfortably, which means investing the things that we have
for the future, and and and and keep yourself mitigating
risks the entire time, and you'll get through it. Thank
you for listening. We'll be back with the crew. This
is the moneymut Of Show with Dean Greenberg. Welcome back.

(24:44):
Everybody is the Money Matter Show and gets who we
got today? Every by day, we got a day, we
got a Dylan, we got a Todd, a Sebastian and myself.

Speaker 2 (24:53):
And all we've needed over the last couple of months
to have everybody is to have you where have you
been being traveling?

Speaker 1 (25:02):
But you know what today's technology. I've done my monologues.

Speaker 2 (25:06):
You have unique places. No, it's unbelievable. It's really cool.
And and you've been in touch with the business. There's
nothing near. You miss nothing because you're in touch.

Speaker 1 (25:17):
Well, yes, I mean with all you always know what's
going on. I mean, you know whether I'm here, or
I'm in Europe, or I'm in Australia, wherever it is.
Every time I pick up my phone, I'm looking what
the markets are doing, what the news is are doing.

Speaker 2 (25:33):
They're back in the day selling May and go away. Yeah,
because the money manager will go to go to the Hamptons.
They had no connectivity and so they just go to
cash for the summer. Those days are those days are
long gone, but they're good. The big news this week,
I think, frankly, is that the black hole that is
summer sports ye is about to end.

Speaker 3 (25:52):
Preseason football is about da.

Speaker 2 (25:54):
We've got college football in two weeks, real college football
to count. Got the NFL shortly thereafter, starting on my birthday.
Thank you for that. There's a birthday present for you.
And between now and then, we've got the Little League
World Series starting on Wednesday. How much fun is that?
I watched the game on Wednesday. Utah scores eight runs

(26:14):
in the top of the first ended up losing on
the ten run rule in the fifth, twenty two to twelve.
I mean, you're not gonna see that in the major leagues.

Speaker 1 (26:23):
Once in a while, you do.

Speaker 2 (26:24):
It's just a lot of fun. It's just a lot
of fun to watch the Little League World Series. So
I'm saying, turn off CNN, turn off Fox, turn off MSNBC,
turn on the Little League World Series. Your life will
be better. I promise.

Speaker 1 (26:35):
They've have known you for about twenty five years. You
watch that Little League World Series.

Speaker 2 (26:38):
You know, I don't watch you get excited, but I'll
watch it religiously. And I don't get excited, but I
enjoy it because you bring it in every year. It's
like the NCAA Tournament. Though there's been like five six
games every day this week. It's been fantastic. I mean,
it's just a great background.

Speaker 1 (26:51):
How much baseball have you guys watched? Dylan Zero Todd.

Speaker 4 (26:55):
I watch a good amount of baseball, buttle Leg World Series.

Speaker 3 (26:58):
I watching it.

Speaker 2 (27:00):
That's fun.

Speaker 1 (27:00):
I mean I do watch it when it gets into
like the end there the last few games because it's watched.
I love watching this kid that's twelve years old, that's
six foot four pounds.

Speaker 2 (27:09):
Is that amazing?

Speaker 1 (27:10):
Where do they come from?

Speaker 2 (27:10):
Is that amazing? There's a couple of six footers. Iwa
these twelve year olds. A couple of six footers, these
twelve year olds. It's that pretty darn amazing. The thing
that hit me the most, Dean. You know, we've got
UH inflation edging higher. Interest rates are trying to drop,
but now they're working their way back up. We've got
slowing growth, the ism almost one negative, the ism services

(27:33):
almost one negative. Fifty point one, anything under fifty is negative.
We've got a slowing economy. We've got interest rates that
are sticking. Are pretty sticky. On the upside, the market
keeps setting new heights. Don't fight the tape. You know,
I've heard that for forty years. Don't fight the tape.

(27:55):
The market wants to go higher. Should it be going higher? Now?
We'll decide that later, but just don't fight the tape.

Speaker 1 (28:02):
Yeah.

Speaker 4 (28:02):
Earnings reports have continued to come in this week. We
had over a thousand companies throughout the marketplace report, and
what really stuck out was the guidance the guidance are
is some companies reporting, we couldn't expect it, but most
are coming in line or reinstating or raising guidance. We
saw that at a pollunteer and some other companies, and
it's helping propel markets. And another big market mover this

(28:26):
week because of how big it is is Apple thirteen
point three percent up this week. Finally made Trump happy
and with Apple being the second le well third largest
company now it's crazy that they're the third largest company now,
but they're going to make a big market move if
they're going up. I mean, if you see mags this week,
the mag seven ETF that was up way more than

(28:49):
the S and P five hundred. You can see that
in the Nasdaq itself. It's up three point nine this week.
The SMP was up two point four. Technology reigns supreme
this week and it wasn't even close.

Speaker 2 (28:59):
No, no, And it's been that way for a month.
It's a very a few years now. Yeah, it's a
very narrow video.

Speaker 5 (29:06):
Ever since the videos started going up a lot. The
Magnificent seven, which is the MASITF that's been a couple
of years now that has been running the markets. Apple
added four hundred and fifteen billion dollars to his market
cap last week. It's been dead in the water all year.
It's been down about twenty percent. Nothing good news, and
then out of nowhere, Tim Cook meets at the White
House says they're going to put an extra one hundred
billion dollars into US investment to start a manufacturing teaching

(29:30):
school type of thing in the Midwest, on top of
the five hundred billion that they're already pledged to invest
in the US. So they're really diving into the getaway
from terrafts and make the administration happy. There was something
about making the iPhones not in the US, but getting
around the tariffs. I think it was a compromise that
they had that those two had.

Speaker 2 (29:48):
So Trump backed off on his Trump phone, right, that's
not coming.

Speaker 3 (29:53):
Yeah, I haven't heard it.

Speaker 2 (29:54):
No, that's because of the conversation. You haven't cooked backed
off of the There's no more gold gold plated Trump
phone coming out, at least temporarily, and who knows, maybe
that next week and it'll all change next week.

Speaker 5 (30:09):
Well, yeah, I mean Apple, Apple's a big company, has
a big market mover and had a great week for
the first time this year, really the first.

Speaker 2 (30:15):
Time in a long time. It's really has been dead mine.
I think the bottom on that was what one sixty
and now we're back to two twenty two eighties, the
fifty two weeks high, like really just like that.

Speaker 4 (30:31):
Yeah, and the mag's across the line are doing really
well this week. Tesla was up almost nine percent this week.
Not really any big news, just probably more of a
technical It's a trader's haven right there.

Speaker 2 (30:44):
So I don't agree. I don't agree with that. There
was what you see there was big news, would you see? Uh,
the Elon Musk got the ninety six what ninety six
million shares of restricted stock, thirty billion dollars stock, thirty
billion dollars to stay around for another two years, right
to be focused on Tesla for another two years. We

(31:05):
all know he's like a hummy bird, you know, and
if you can get his attention for two years, pretty
special guy. And so that's that was that's what propelled
Tesla this week, is is that deal that they cut
with Musk.

Speaker 4 (31:19):
They're going to give him another thirty billion dollars.

Speaker 2 (31:20):
Thirty billion dollars to stay for two more years to
focus on because he can leave. I mean, you know,
he's he's he owns a lot of Testla stock, but
he can leave how much do you?

Speaker 4 (31:31):
I guess thirty billion doesn't dilute Tesla stock that much anymore.

Speaker 6 (31:34):
Huh, just seems like a really high number.

Speaker 2 (31:36):
Well, Tesla is hard to understand.

Speaker 6 (31:39):
That's how much he bought x four almost something like that.

Speaker 2 (31:44):
Amazing extra thirty billion, No big deal. But I think
that if you can get Musk to focus his attention
on Tesla for two years, that's a nice thing for Tesla. Well,
I think, and Nasal causes stock to pop because we
all know it's ridiculously extensive. Yeah, I mean, I guess
price not because it's three hundred dollars to share, but
because of the price earnings ratio one hundred and seventy

(32:05):
times earnings or.

Speaker 4 (32:06):
Whenever you have a little bit of a catalyst for
that stock, it kind of just becomes way more overblown
than it should be in the first place.

Speaker 2 (32:12):
You know, as long as it took me to the
ev space. Rivian reported this week it was down eight
percent for the year. Lower on Wednesday after they reported
the disappointing quarter, loosed already twenty percent lower this year,
shed another eight percent reducing their projective production. Get this
in comparison, Tesla sells more vehicles every five days than

(32:34):
Lucid sells per year. They sell more vehicles every nine
days than Rivian sells every year. They still sell more
vehicles than all of the other electric vehicle manufacturers combined.
I mean, they are dominant. And I've mentioned before on
the show that my lease is coming up next June,

(32:55):
so I've been kind of kicking the tires and stuff,
and boy, they're just there's a lot of competition, but
not a lot of meaningful competition.

Speaker 4 (33:04):
And that's what you really got to understand though, is
that competition. Yeah, they're still dominating, they're still producing more
than everyone, but at the end of the day, they
are not gaining market share right now. I mean, you
can see there's a lot of really cool other models
coming out there. I hear a lot of people saying, oh,
I want that, I want that. Tesla's not like and

(33:24):
I think that's going to continue over the next couple
of years, just because of the market being saturated with
other better.

Speaker 5 (33:29):
YEA, well, did they give him the thirty billion dollars
incentives to work on the robotics side? Not really necessarily
the car side. Everybody thinks that Tesla's value is going
to be in the robotics and all that autonomous stuff
moving forward, So maybe that's what they want them to
focus on, not necessarily the y model.

Speaker 2 (33:44):
Yeah, I said, no, that's absolutely doing.

Speaker 6 (33:46):
That's absolutely and that's that's where we personally.

Speaker 4 (33:48):
I don't know if I'm right on this, but I
don't see how the robotics thing he's going to be
able to get done in two years, five years even.
I mean, maybe it's ten years down the road, but
to have one a robot in each one of our
houses type of thing, that seems quite a year's off.
For price reasons, safety reasons, regulation, Uh, there's just so

(34:10):
much things that he would have to get through, and
he's already not in great standing with the government after
the games he played, So I mean, to put a
robot in someone's house just seems like a regulatory nightmare.

Speaker 2 (34:20):
Yeah, yeah, I could. I could see a lot of liability.

Speaker 5 (34:24):
The liability because you have to sign a waiver saying
you can have them sign a waiver if you want
a robot in your house that they're not responsible for.

Speaker 4 (34:32):
Well, what about automatic driving though? And then people are
able to sue Tesla when they.

Speaker 1 (34:36):
Go if there's a well you can do. It's just
like having a regular car. If something goes wrong with
the car that shouldn't go wrong, you can sue the manufacturer.

Speaker 6 (34:44):
Well, what happens that happens with the robots.

Speaker 1 (34:47):
Well, it'd probably kind of be the same thing. I mean,
I would think if it like the robot goes crazy
and kills someone.

Speaker 3 (34:52):
Yeah, right, Yeah, of course, it's a regulatory nightmare.

Speaker 1 (34:56):
It's going to be part of the things that happen
that we have to deal with, you know. Unfortunately, that's
why I look, I look at robotics and all this
stuff being great, there's gonna be bumps in the road,
and then eventually they're gonna iron and out it's you know,
I mean, and they're gonna get cheaper, and you know,
there'll be different levels too, like iPhones at different levels.

Speaker 4 (35:16):
Yeah, how fared out do you think this is?

Speaker 1 (35:18):
Though?

Speaker 6 (35:18):
I mean, I think it's eventual, but I think, yeah, exactly.

Speaker 1 (35:21):
Okay, So when the first flat screen TV came out,
how long did it take for it become a regular
thing in the household?

Speaker 6 (35:28):
This is the question for you.

Speaker 1 (35:29):
Yeah, probably eight to ten years, wouldn't you say, you know,
I remember when they first came out, right.

Speaker 2 (35:34):
Took time. It takes time. Yeah, it takes time.

Speaker 1 (35:37):
It does. It's two years enough. Probably not remember the
plasmas that came out, Dave. They were like seven thousand
dollars you know what I mean? Oh, you know, just
for the fifty inch. Yeah, you wanted a big one.
It was fifty grand, four or five people out exactly.
All right, we'll be back. It's the Money By the Show.
Of course, we enjoyed the fact that you listen, come
see us, come talk to us. We're here to help
you plan your future. We'll be right back. It's the

(35:58):
Money By the Show.

Speaker 4 (36:00):
Welcome back to the Money Matter Show. My name is
Todd Glick. I'm here with Dylan Greenberg, Dean Greenberg, and
David Sherwood. This market has all been about AI and
this week we got the latest release from Chat GBT
Open ais Chat GBT. It's Chat GIBT five now and
to them, this is their flagship model and this is
what they've been working on for the last two years
since their Chat GBT four release, and this GBT five

(36:23):
to them, they were saying GBT three was like a
high school student. GBT four it was like a college
student practical but still makes mistakes. But this GBT five
is more like a PhD level. It can be an
expert research in any field, help you with a multitude
of things. And what it also aims to do is
helps you understand which model to you, So if you
ask it a question, Chat GBD five will decide which

(36:46):
model on the back end to ask your questions too.
The previous chat GBT four had like five different chat
GBT four as you could play with and you would
have to know which one would work for what you're
trying to ask it. This is trying to be one
one thing, one stop shop. It has reasoning unreasoning all
wrapped into one for the end user. But there has
been some pushback. They released it on Thursday and already

(37:10):
some developers are saying, we're not as impressed. We didn't
think that this was what it should have been. It's
more of an update, not the revolutionary breakthrough we're all
looking through. Open Ai does say they're one step closer
to AGI, but I do think if you saw how
Google responded on Friday with up over two percent on
the poly market, bets apps, and this is the predictive

(37:31):
markets that people can bet who has the best AI model.

Speaker 6 (37:34):
At the end of the month, after.

Speaker 4 (37:36):
Chat GBT five was released, Google went from fourteen percent
and Open a eighty six percent and it flipped. Now
Google in the marketplaces seemed to have the better model
after chat gbtfive's released, So Google's Gemini, and Gemini might
be one of the top models now and they're already
the top video creator. I was showing Matthew the video creation.

(37:58):
He's a film editor and he was blown away by
what Googles can do. But not all the AI models
can do that right, And so each one of these
companies are trying to come up with the best AI
to get that network effect. And right now we're seeing
what's what's happening in this market. It's more of the
infrastructure plays that are getting the rewards, the Blackwell chip
from Nvidia, v r T, the cooling, the data centers,

(38:20):
the infrastructure behind it. But eventually the people that create
the best product with all this infrastructure are also gonna
win out.

Speaker 2 (38:28):
Interesting. It's it's a fascinating field and it's got to
be so tough to be the CEO of one of
these companies and try to stay on the cutting edge. Hey,
I've got a fun factoid for you. I've we got
Dean here. Dean who named the first five presidents of
the United States? Okay, who could name the first I

(38:49):
can only get.

Speaker 5 (38:50):
For Adams, John Quincy Adams, Thomas Jefferson, Thomas Jefferson, and Garfield.
No Van Buren, No, you get You got Adams.

Speaker 2 (39:03):
Jefferson, Right, those are easy. Then Monroe, because you got
both Adams and then Madison was When.

Speaker 5 (39:12):
Was John Adams? Because you have John Quinson Adam second. No,
because you have John Quincy Adams and then John Adams.
I think there two different people.

Speaker 2 (39:18):
John Adams was the second president. Way, okay, that's not
That's not the one. So we got those five, right.
Here's the interesting factoid. Three of those five people died
on the fourth of July. Really, what are the odds
three of those five had two of them, Adams and
Jefferson died on the exact same day, fourth of July.

(39:40):
And no, here's.

Speaker 1 (39:44):
C I a no president.

Speaker 2 (39:48):
No president has died on the fourth of July since
So of the first five presidents, three of them died
on the fourth of July.

Speaker 5 (39:53):
Thomas Jefferson's houses up for sale in Boston. It's the
oldest building in the Boston area. And it's from like
the obviously sense of pre before seventeen seventy six and
through that. But it's just some square house in the
middle of the downtown area, looks like this old brick
and it's his house, and it's up for sale for
like a million bucks.

Speaker 2 (40:12):
I thought, you know that the three of them died
on the fourth of July was pretty cool. Tone The
one thing I took away from as I looked at him.
John Adams left to be ninety one years old back
in the seventeen hundreds. Imagine that that's in today's years.
What's that one hundred and twenty.

Speaker 4 (40:25):
Yeah, if you want a really fun fact, Toyd, look
into the similarities between Abraham Lincoln and John F.

Speaker 6 (40:33):
Kennedy. Okay, they're insane, they're really fun too.

Speaker 3 (40:38):
Kenny didn't have a fun read on the weekend.

Speaker 6 (40:39):
No, just just look up the Yeah, so it goes.

Speaker 5 (40:42):
George Washington, John Adams, Thomas Jefferson, James Madison, James Monroe,
and then John Quincy.

Speaker 3 (40:46):
Adams is number six.

Speaker 2 (40:47):
Okay, all right, I guess Monroe died on July. He
was the fifth one. He died on July. Or Madison,
who was fifth? Who's fifth?

Speaker 1 (40:55):
Monroe?

Speaker 2 (40:56):
Monroe? Yeah, Monroe died on July fourth, so they had
to put him. They stopped at the five because he
was the third one to die on July the fourth.

Speaker 1 (41:04):
Think about in fifty years from now when they read
about Trump, okay, and because he's you know, this whole
period of time is going to change on how it's written.
With everything that comes out you watch and see.

Speaker 2 (41:22):
Was Andrew Jackson would be the modern day Trump?

Speaker 4 (41:24):
You know what they say, history is written by the victors.

Speaker 1 (41:28):
Yeah, that's true.

Speaker 2 (41:30):
Yeah, I know that true. All I know is that
that the country is changing dramatically and it seems to
be for the better. I don't know in my eyes.

Speaker 1 (41:40):
Well, we know, woke ism isn't around that much anymore.

Speaker 2 (41:42):
A lot of that stuff that's you're just exhausting. Well,
the City of Tucson website, if you go to the
City of Tucson website, all of the top officers from
Regina on down, it shows you they're pronoun on the website.

Speaker 1 (41:58):
When is that going to change? Down there? Did you
see that shut they got.

Speaker 2 (42:01):
Down the data center. Yeah, yeah, shout it down. Yeah, jobs, jobs, now,
we don't want to grow clean jobs.

Speaker 1 (42:07):
I know they're saying it's about the water. We know
for a fact they had the water that wasn't going
to affect us the water reserves.

Speaker 5 (42:13):
And also there's companies out there that have closed in
circulation for the water for these data centers, so it's
not constantly bringing in new water. It's just you fill
it up once in a pipe or whatever however they
work it, but it's closed in its circulates.

Speaker 2 (42:26):
Through the day, one hundred people that were there at
the meeting starts starting yelling at the data center people
as they're leaving, you know, and goodbye. You know?

Speaker 6 (42:35):
Are you serious?

Speaker 1 (42:36):
Right? Don't grow at all? These lousy streaks the way
they are.

Speaker 3 (42:41):
Hasn't that always been issuing too some though, like.

Speaker 1 (42:43):
Ford has been for decades decades, not peb County, Tucson.

Speaker 2 (42:47):
Yeah, you think that that would stop a Phoenix from
having the data center a chance in Hill.

Speaker 1 (42:52):
Phoenix is growing and they're bringing in people jobs, and
there's growth and people are happy.

Speaker 4 (43:00):
Phoenix is the next Silicon valley. Yes, how bad California
investment on fire, literally.

Speaker 1 (43:07):
Committed twenty five billion dollars over the next five years
to the Phoenix metro area of data centers and and
and manufacturing and chip people and everything else.

Speaker 4 (43:19):
Largest foreign investment in the history of the United States
right there in Phoenix.

Speaker 2 (43:23):
Yeah, yeah, it is. Yeah, and the temperature aside that
the city and that's one investment let alone, like we're
talking about the thirty other huge investments that have been
you know, headquarters being moved there, but I mean headquarters
are already there.

Speaker 1 (43:36):
I think what they did, they planned for it. You
know how how many times for the last twenty years
we've been up there and all we saw was construction
on highways and the spin and then all those uh
full leaf clover turns arounds and everything else and the
wrap rounds and all this. They planned for it. They
knew they were going to do this and bring in businesses,

(43:58):
and they're great businesses with white college jobs making a
heck of a lot of money. Yeah, that's why the
sports are so good up there. People move here from
all these other areas and they bring their kids and
they get and then and it's you're kind to teg
you're good football play in Texas. You're kind of Phoenix.
You're a great football player.

Speaker 4 (44:16):
Well you notice that city doesn't sleep, you know, like
when the construction.

Speaker 1 (44:21):
Compared to New York City.

Speaker 4 (44:22):
Yet, Okay, no, logan, I get it, I get it
all right, lots your heart.

Speaker 1 (44:28):
Don't don't you go down there.

Speaker 4 (44:30):
The growth in Phoenix is happens because they can actually
build things and get it done like it's non stop.
And that's why we also talk about Tucson. It's it's
a lot friend there, family oriented. It's not as crazy
and hectic up because up there it feels like it's
non stop.

Speaker 1 (44:47):
And that's why restaurants make money up there and down
here they struggle and we wonder why they have to close.

Speaker 2 (44:53):
Now they got five many people so make the big difference.

Speaker 4 (44:57):
It was getting the benefit of it too, that we
have this bill over a.

Speaker 2 (45:00):
Thing that Phoenix is exploding, there's no question about it.
And would that despite the summers sink the summary, it
doesn't matter that.

Speaker 1 (45:08):
I'm going to bring it back to that. That's the
one of the things I do know too, is we
talk to people up in Phoenix and all they plan.
So when you talk to them about financial planning, they
get it. They understand they should be a plan. I
keep reading these statistics. Seventy five percent of people believe
they need a plan. Less than thirty percent of the
people have ever done a plan. Sure, a real financial plan,

(45:31):
one that will take them up until through the whole
accumulation phase, but then put them in a deaccumulation phase
where they actually are taking money and living for the
rest of their lives. That's the most difficult thing that people.

Speaker 3 (45:44):
Have well people.

Speaker 5 (45:45):
A big reason to that, I think is because there's
a misconception. We're actually not really a misconception. A lot
of firms do charge a lot of money for a
financial plan. We don't. We said on the show all
the time. It's free to set up, it's free to do.
We'll give it to you after then you don't have
to become a client to get the finance plan. And
another reason is people think they need more money before
they do the plan. They think they have to have
all the money and then they'll go do the financial plan.

Speaker 1 (46:08):
And with that is why we're doing or interactive workshop.

Speaker 5 (46:13):
Financial Planning Workshop over at Lapoloma Country Club on Friday,
September twenty six from eleven thirty to two pm. And
what it is is going to be if you're on
the fence about setting up a financial plan, or you're
a little nervous, or you've been thinking about it but
don't really want to do the whole thing just yet,
that's what this is for. We want to show you
what it's all about. We'll be there talking, We'll be

(46:33):
going through a whole financial plan simulation and answer any
questions that it is. It's very interactive. We want questions
throughout the time and just get to know us as well.

Speaker 1 (46:42):
It's limited to a small group of people. We're going
to do it each quarter for the next two years
because we believe that people have to do it and
the only thing we hear that they stop is to
kind of feel uncomfortable, don't know it. So this is
what we're doing. We're opening up ourselves to show you
what pretty much on a general basin, it is and

(47:04):
show you and let you be interactive doing it so
you can feel comfortable enough to say, yeah, I want
to come in and talk to you. And it's still
going to be free, all right, and for that we'll
still give you lunch. So you got to call us
at the office tell us. You want to be part
of a workshop to learn about financial planning or go
ahead to put you down.

Speaker 3 (47:23):
You can also go to our website. You can sign
up through there as well.

Speaker 2 (47:26):
Yeah, it's just the simulation, just kind of show you, hey,
this is.

Speaker 3 (47:28):
How it works, right, Yeah, John do Jane does what.

Speaker 2 (47:31):
You could expect if you decide to do this.

Speaker 1 (47:33):
All right, we'll be right back. It's the top of
the hour. Thanks for listening. We have a whole nother
hour to go.

Speaker 5 (47:50):
Welcome back to the second hour of the Money Matters Show.
Thank you for tuning in, and for those of you
just tuning in right now and didn't hear the first hour.
The Dow is up one point three percent for the week.
The S and P five hund was up two point
four percent for the week, The Nasdaq was up three
point nine percent. That Russell two thousand, which is the
small cap companies, was up two and a half percent,
and the equal weighted SMP was up point eight percent.
So as you can see with the equal weighted SMP

(48:12):
five hundred only being up point eight percent for the
week but the nas Deck being up three point nine percent,
Tech drove the markets hire this week or this past week,
which has been consistent for the last couple of years,
Apple had a great week. They added four hundred and
fifteen billion dollars to their market cap. They're investing six
hundred billion dollars into the US economy over the next

(48:32):
few years. Tim Cook and Donald Trump are finally on
the same page. So that's all great news for Apple,
which has been hurting for the last year. They've been
down twenty percent and now they're only down seven percent.

Speaker 4 (48:43):
Yeah, we saw that with the tech stalks, right the
NASDAK hitting all time high, only intacy to do it
just barely got there. But you're to date eleven percent higher,
SMP eight point six percent, eight point six percent higher,
the equated SMP four point five percent high. I mean,
that's the tr true market is the market. We talk
about this all the time, David. If you're in a

(49:05):
really truly diversified portfolio, you're only up four and a
half percent, and you look at the NASDACK up eleven
already doubling you throughout seven months. So you can't just
look at the s and P. You can't look at
the NASDACK. You really have to look at the equated
SMP and that's your true representation.

Speaker 2 (49:22):
When you look at the NASDAK coming forty five percent
up in the last ninety days, boy, that's rare. Forty
five percent in ninety days. And you say, well, if
you've got a stock portfolio, boy, I'd be just killing it, right,
But you've got stock The overall market's up four and
a half percent. Now, if you've got a sixty forty,
your bonds are up maybe two, So four and a

(49:44):
half and two right, six or six and a half.
Divide that by seven, so you're up. You know, you know,
if you're up five percent, you're doing pretty well.

Speaker 4 (49:52):
And most investors when they hit retirement, they're going to
be in low beta stocks. And what we mean by
low beta is something that's not going to move as
much is the stock market. Because when the stock market's
down ten, you don't want to be down ten. You
only want to be down five. So you're gonna invest
in low beta stocks. What that also means when the
SMP is doing crazy good and the nasdaq's doing crazy good,
that's likely going to be the high beta stocks that

(50:14):
are doing it. And that's what we're seeing this week.
I mean, for example, Palanteer I don't know what beta
you would throw on that thing, but it is extremely high.
It exploded higher this week because they had expanded guidance.
I think even the CEO came out and said once
in a generation report, so he's extremely bullish on it.

(50:34):
And they with that raised guidance, they went up over
ten percent. Now, the idea is these stocks are not proven.
That's why they have high betas. That's why they're so volatile.
It's going up really big right now because they're pricing
in twenty years of growth right now. They're trying to
get out in front of it. Sometimes works, it sometimes doesn't.
So you have to be careful with high beta stocks,

(50:56):
and especially when you're someone in retirement, you can't necessarily
say have that fomo mentality because realize those aren't the
places you should have been in the first place.

Speaker 2 (51:06):
There are a lot of money chasing of very few stocks,
and they're driving it higher and higher and higher.

Speaker 6 (51:11):
And it's a fomo type of field right now.

Speaker 2 (51:13):
It is so we saw last Friday. We saw it
last Friday. We could go Friday, what can happen when
there's a little bit of a glitch in the gear?
Get along right down five hundred bang just like that,
and the market is a price for perfection. Right now,
the S and P five hundred is almost thirty times earning.
Its historic average is sixteen times earnings. Yes, you could,

(51:36):
you should get a premium because of all of the
things Trump is doing, has done, is going to do,
seem to be positive for the economy. We really seem
to be hitting it on all cylinders. So yes, there
should be a little bit of a premium over that
sixteen pe thirty might be a little bitch the Nasdaq
Historically the thirty pees now forty, It wouldn't take much. Yeah,

(52:02):
right now, it seems like as you look at the market,
there just isn't anything that could make a good guy.

Speaker 7 (52:07):
Lots of high beta flying stocks out there right now,
but we are not given any recommendations. We never give
a recommendation because we don't know your risk tolerance. The
show is sponsored by the Greenberg Financial Group and you
can listen on seven ninety KNSC or iHeartRadio. The show
discusses different investment products and strategies, and every product in
strategy have some type of inherent risk, and we strongly
encourage our listeners to probably understand the risk to determine

(52:27):
whether to buy, sell or hold. Show has been on
air for over thirty years. A Greenberg Financial Group is
registered with the SEC. Visit a website at greenbrik Financial
dot com for some more information. You could always give
us a call at five two zero five four four
four nine zero nine. We talk a lot about risk
here at Greenberg Financial Group. We have a pretty cool
writ and really state of the arc state of the
arts risk questionnaire. So if you ever wanted to, you know,

(52:49):
get a better understanding of your risk score, you could
give me a call again five to two zero five
four four four nine zer over nine. Shoot me an
email at Sebastian at Greenberg Financial dot com. I'll send
you over the questionnaire. You don't even have to come
in for a meeting. If you want to see how
you're currently allocated after this crazy nice run up in
the markets, see what your portfolio's risk score is, you

(53:11):
could always send me your holdings, give me a call,
we'll talk about it.

Speaker 2 (53:13):
It'll actually give you a number, okay, thirty seven sixty four,
it'll actually give you a number of your risk tolerance
and then we take your portfolio drop that into the
same database, give.

Speaker 7 (53:27):
You a number, and it has a bunch of cool
simulations that you could run through. You know, you could
put it through a COVID twenty nineteen drop, You could
put it through a two thousand and eight drop. You
could put it through a bull market and see how
it would perform within a bull market. Lots of what
ifs that I could run with it, and if it
could give you a peace of mind to give me.

Speaker 2 (53:44):
A call, what could happen to your portfolio? If we
have an eight meltdown? What can happen to your portfolio,
if we have a big rally? All of those things,
and we've had people and I think one of the
one of the things I enjoy doing is a husband
and wife have a your account, give each one of
them a risk questionnaire.

Speaker 7 (54:03):
Separately, watching them come in at very different scores.

Speaker 2 (54:06):
It opens up conversations that are important.

Speaker 4 (54:12):
What I also had this week was a conversation with
a client of saying, all right, you're about a year,
not even a year, about four months away from retirement.
You're already I know, not a skittish investor. This is
potentially when you want to take some chips off the table.
You know, we'll get calls when the market's down, Hey,
do we need to get less risky here? That's not
the time to get less risky. If anything, when we're

(54:33):
at all time highs, that's a perfectly okay time. If
you don't feel comfortable where things are at to d risk,
raise some cash, put things on the sideline, maybe buy
some bonds, and especially saying some people hindsight being twenty twenty,
if there's a market drop, said, I would have been
just fine with a five percent return, and that's still available.

(54:54):
It's not going to be available forever.

Speaker 1 (54:56):
Right.

Speaker 4 (54:56):
If FED starts cutting rates, those are going to go down.
But there are still guaranteed products that can lock in
a five percent rate for three, five, seven years. For
some that's all they want. And we have those clients
conversations all the time where they're truly they're picking a
rate and that's all they need. Some people they just
want to make as much as they want. If you
want to make as much as you possibly can, you

(55:18):
want to be in just straight up stocks over the
long run. Right, But if you're okay with giving up
some return with the idea that you just want a
guaranteed number, there's a way to do that, right. So
we have magas multi year guaranteed annuities to lock in rates,
but we also have fixed index annuities that can lock
in guaranteed monthly income checks for the rest of your
life and at rates that I believe are gonna be

(55:39):
able to beat most carriers out there. So if you
have a need for a guaranteed monthly income check, a
guarantee for an annualized return, you can do that. You're
gonna pay for it in terms of opportunity cost in
the long run, but it gives you that peace of mind.
Now's the time to acquire that piece of mind. It's
a great opportunity, Marcus. At the time highs rates are

(56:00):
so good that opportunity is not going to stay here forever.

Speaker 2 (56:03):
I had a call on Friday from a thirty one
year old self employed young man who's just embarking on
his investing world uh, and he had he's able to
put aside five hundred dollars a month, and he said,
I've got an extra five hundred dollars a month. What
should I be doing? What do you what should be doing?

Speaker 1 (56:23):
Guys?

Speaker 7 (56:24):
Well, Roth, iray maxim out.

Speaker 2 (56:25):
You're right, Roth, iray in the spy, right, h That's
why I told him.

Speaker 3 (56:30):
Well ask why I think QQQ Yeah, QQQ definitely Q exact.

Speaker 5 (56:34):
Yeah, when you're that young, tech is what's going on
right nowly just the QQQ as well, which is follows
the NASDAK. Do you have a fifty to fifty split
on that, But definitely the roth iray is the way
to go. Anybody under actually anybody, but definitely important for
people under thirty five to start looking at to do
a wroth for and catch a big company roth ira
on your own because I gross tax free, so you

(56:56):
know what you paid the taxes today, don't have to
worry about it in thirty years.

Speaker 4 (56:59):
It's part point what we were just talking about. With
the pees of the Nasdaq it's about forty right now
and the S ANDP is thirty something like that.

Speaker 2 (57:06):
Thirty.

Speaker 6 (57:07):
Well, if you look at.

Speaker 4 (57:08):
The analyzed return of the Nasdaq's it's around twelve and
the S andps around ten, right because the Nasdaq is
more risky stocks, nas DEK has had way bigger draw
downs than the S and P. But if you're someone
who's young, it makes sense to do something like that
because the draw downs are not impacting you, especially when
you're contributing on an ongoing systematic basis.

Speaker 2 (57:30):
Right, and don't worry about who's president, don't worry about
what's doing, don't worry about what Kim Jong ong is doing.

Speaker 7 (57:35):
Worry about making your contribution.

Speaker 2 (57:37):
Making your contribution, or even.

Speaker 4 (57:38):
What trend's falling out of favor, because the perfect thing
about the QQQ is they're going to take coming. I mean,
KKUQ in two thousand and one does not look like
what QQQ looks like now.

Speaker 2 (57:48):
No, right, I think I've sat on the show before
it got to five thousand and then drop back to
two thousand. I think we'll never see five thousand again. Honestly,
I honestly believe that we never see five thousand again.

Speaker 1 (57:57):
What is it today?

Speaker 2 (57:58):
Twenty one thousand change? Yeah, the five thousand didn't really
stop it, did it. A couple other doustocks reported this
week McDonald's, which has been struggling a little bit, came
out with a pretty strong corner. I guess this quarter,
I guess the snack raps are catching fire. I was
surprised at Disney. Disney came out with a pretty darn

(58:18):
good report, and I thought their deal with the NFL dealing,
which I did a pretty good deal, right.

Speaker 5 (58:24):
Yeah, they got NFL red Zone and that now and
the reason NFL gave it to him or sold it
to him whatever is now they're allowing ESPN's going to
be able to do red Zone type of features on
ZBA football, on NBA, on NHL, because I know NHL
is trying it, but it's they have more freedom now
than just keeping it NFL red Zone only because it

(58:46):
is a very popular program, and definitely for Saturday football.
Putting it all together for college football I think would
be huge.

Speaker 2 (58:52):
I'm generally outside on the weekend Saturdays and Sundays, but
once in a while I'll get back, and especially especially
when time changes when the games are later, I'll catch
it an hour or two and I always just turn
on red Zone. I don't turn anything else.

Speaker 4 (59:08):
Yeah, I agree, Especially as a fantasy football player, you're
gonna be watching Red Zone most likely because it's just
an easier thing to follow.

Speaker 5 (59:14):
Well, if you don't get that Sunday ticket, you don't
get every game, and you only get the local games,
so red Zone at least you get to see what's
going on on all the games.

Speaker 6 (59:22):
Some people also don't like the box thing.

Speaker 4 (59:24):
When you have like four different games going on, there's
they want the one thing on their screen.

Speaker 5 (59:28):
It's our short term attention span. Now, all you want
is to highlight, which is NFL Red Zone is all highlights.
And when they don't have anything going on, they don't
show you commercials.

Speaker 1 (59:36):
That's a big thing.

Speaker 3 (59:37):
Actually they started doing commercials last year. Maybe that's why
they sold.

Speaker 7 (59:40):
It and to that point. So I was thinking about
social media because I looked at snapchats earnings this week
and I saw that they dropped about twenty percent, and
I was wondering, why is that company doing so bad?
Because I feel like everybody around our age does use snapshot.
They don't have reels, right.

Speaker 6 (59:53):
No, they do do that, it's just not very.

Speaker 5 (59:56):
The snapeographic is like fifteen to twenty five.

Speaker 7 (01:00:00):
You will see, Yeah, you get older, you use it
lesson lot less.

Speaker 5 (01:00:04):
And that was true when I was twenty to twenty five,
I was using it a lot and then I just
you just stop using it as much.

Speaker 7 (01:00:09):
Yeah, I agree, I mean I don't use it now.

Speaker 5 (01:00:12):
I don't know every ear and then out of nowhere
they pop again, and then and next earnings they'll tank again.

Speaker 1 (01:00:18):
I don't know.

Speaker 2 (01:00:18):
I mean, do you guys use it at all?

Speaker 1 (01:00:20):
I use phone? Yeah.

Speaker 7 (01:00:22):
I don't think they don't have a great monetor they
don't get any money for Yeah, I was gonna say
that they don't have a great monetization aspect of it
because of there's no advertisements. I mean, I'm sure there
is with you if you go through the reels or
something on it.

Speaker 3 (01:00:33):
Or the little news use it.

Speaker 5 (01:00:34):
I mean my cousin when he was like twenty and
twenty one, he would text on it like people text
on chat rather than texting on through SMS or No.

Speaker 4 (01:00:44):
Their only chance really is to develop out. They have
a portion that's like reels oriented, and the way I've
seen it's more they're longer videos and they're almost like
clips of old movies and TV.

Speaker 7 (01:00:54):
Yeah, not instant gratification with we want so.

Speaker 5 (01:00:57):
Or just lean into what it is and what it's
all always been is just sending pictures to each other
and videos and stuff.

Speaker 2 (01:01:03):
Disney Factor to close that chapter was down four percent
of the week. I'm very disappointed. It's been a It's
been a pretty strong stock this year, was leading the Dow.
One of the top stocks in the Dow averages and
to see it back off like yeah, I mean Marvel struggling.

Speaker 3 (01:01:19):
Though, Marvel's struggling.

Speaker 5 (01:01:21):
Fantastic four is going to leave the main box office
barely breaking even.

Speaker 3 (01:01:24):
Uh, Thunderbolts, which I heard.

Speaker 5 (01:01:26):
Was a good movie, still didn't do well because I
think people are just tired of Marvel in this Face
two or like the New World or the stream.

Speaker 2 (01:01:33):
Was good, their cruisers are good.

Speaker 5 (01:01:35):
Yeah, Marvel is a big thing though for the last
decade because of Avengers and all those I guess. And
then but you got Disney Plus is rolling Hulu. They
owned the majority of who the rolling Hulu into Disney Plus.
So Hulu has a standalone app is going to cease
to exist pretty soon and it's going to go into
the Disney app. So maybe that gets more people going
to the Disney streaming serves because if you watch Ulu,

(01:01:57):
you could have just gone to the Hulu website now
goes straight to I don't know.

Speaker 2 (01:02:01):
I guess maybe there's so many movie and parts dealing
there's always something you can find it's not working.

Speaker 4 (01:02:05):
Well.

Speaker 5 (01:02:05):
I saw the chart, and there's always something that's working.

Speaker 2 (01:02:08):
Yeah, I mean, if you're looking for the If you're
looking for the negative with Disney, you can always find something.

Speaker 1 (01:02:12):
Yeah.

Speaker 4 (01:02:13):
I was looking at a chart all the streaming apps,
and Hulu wasn't even top three. It was it was Disney,
then it was HBO Max, and their.

Speaker 3 (01:02:21):
Died off when Disney took a majority stake.

Speaker 1 (01:02:23):
Yeah.

Speaker 3 (01:02:23):
I used to watch it all the time, and I.

Speaker 6 (01:02:24):
Just they're not even Peacock's bigger.

Speaker 5 (01:02:26):
Yeah, yeahs Peacock, But like, yeah, who just kind of
died off and it's been more Disney took it over,
didn't really try to expand. It used to be better
because of TV shows, but then all these other streaming
services like NBC, Peacock, they got their own TV shows
back on there so they couldn't be aired on Hulu,
and then it just kind of started dwindling away.

Speaker 4 (01:02:45):
You know who owns Universal Studios? No Comcast Comcast.

Speaker 2 (01:02:51):
Interesting.

Speaker 4 (01:02:52):
Interesting they also have a guest on that report well
either similar.

Speaker 2 (01:02:56):
Who owns Paramount? I don't know who olds Paramount.

Speaker 6 (01:02:58):
That was Paramount's Paramu.

Speaker 2 (01:03:00):
Paramount's owned by Paramount because they they've done they had
what's the I can't think of the name of the
show that went after Trump and the White House South Park.
The South Park is absolutely bashed the whole Trump administration
for several episodes of.

Speaker 7 (01:03:16):
It was pretty impressive.

Speaker 3 (01:03:17):
South Park bashes everything everywhere all the time. That's what
they do.

Speaker 5 (01:03:22):
They also signed a billion dollar contract with Paramount to
start going on them.

Speaker 2 (01:03:26):
What kind of what you expect?

Speaker 3 (01:03:27):
H oh yeah, nothing.

Speaker 7 (01:03:29):
New to what they do. Well, I'm pretty sure Trump
sued them for the which is just I just think
it's a little ridiculous when you're like your freedom of speech,
you know, and then you go out and suit them, Like.

Speaker 3 (01:03:39):
Wow, you can also sue whatever you want.

Speaker 6 (01:03:42):
Character, Oh well, not freedom of speech.

Speaker 2 (01:03:44):
Your Berkshire Hathaway has been drifted in south ever since.
Warren said he's gonna step down and step away as
the opera chief operating officer and become the chairman of
the board ninety five. I guess he's a quitter. I
don't know.

Speaker 3 (01:03:56):
Yeh, six decades wasn't it enough?

Speaker 2 (01:03:59):
What a quitter? But in August, right, it was just month.
So he's now going to become chairman of the board
and the stock they were afforded a four percent year
over year decline in profit. They had their cash, They've
got three hundred and forty four billion dollars in cash,
which is near a record high. And also the company

(01:04:21):
was a net seller of stock for an eleventh consecutive quarter.
That's kind of interesting with the market setting new all
time highs.

Speaker 4 (01:04:29):
I got something for you to go for it, you
know the hot spaces that we're all missing right now.

Speaker 1 (01:04:35):
I don't know.

Speaker 6 (01:04:35):
It's a mining what do they mind? Lithium, gold, gold miners, gold?

Speaker 2 (01:04:42):
Are the gold miners finally waking.

Speaker 1 (01:04:43):
Up this week?

Speaker 2 (01:04:47):
Yeah?

Speaker 4 (01:04:48):
The running with gold dx gd X, ETF ten percent
this week, ETF.

Speaker 1 (01:04:54):
This week, this week d X, Yeah.

Speaker 2 (01:04:57):
Yeah, because often the miners don't go along with the
the medal.

Speaker 4 (01:05:00):
They've been lagging a little bit considering how much gold
has been increasing this year. But yeah, finally, and I
would read some reports and they still might be undervalued,
so that that could be an interesting space. Not recommending
anything but gold miners itself. They are they've been lagging
for a while. Like right now their priced at the
same level. GDX is at the same level it was

(01:05:21):
in twenty eleven.

Speaker 7 (01:05:22):
And gold is much higher than that, hitting thirty five hundred.
What did we close the week up for gold?

Speaker 2 (01:05:27):
Thirty thirty four change four change. Yeah, in fact, a
good trying to with up two percent on the week,
Europe up three percent, Oil down four dollars sixty three eighty.
You don't generally see that in the economy that's cranking.
Gold up fifty four dollars to thirty four or two
bitcoin gain three percent. Had a good week.

Speaker 1 (01:05:45):
YEP.

Speaker 2 (01:05:46):
Interest rates did edge higher. You'll remember last Friday, interest
rates plunged after that Job's report. Yeah, where everybody wait
a say, we're gonna have all We're gonna get the
Fed dropping race now Now now they're rethinking that bit.

Speaker 6 (01:06:00):
So there's not much of an increase.

Speaker 4 (01:06:01):
And the mortgage rate did decrease now the six point
sixty three, so it's getting to the mid sixes now,
which if you can stay there you might get a
little bit of a boystring of the the housing sector
because it has kind of come off of its bottoms
from the stock perspective. I don't know about true sales,
but we'll continue to see the reports as they come in.

Speaker 2 (01:06:20):
About three months ago, my my buddy, who's one of
the top realtors in Tucson who works almost exclusively in
seven figure homes, said he used the term blood in
the streets. Right. I talked to him last week and
he is busier than he's been post he posted sales
on Facebook. I've seen three multi million dollar sales this
week face on his Facebook page neighbors House. I live

(01:06:44):
in a neighborhood where there's only seventeen homes and.

Speaker 4 (01:06:46):
It's only seventeen Yeah, and it's a fairly you live
in whateverhood you live in the four.

Speaker 2 (01:06:51):
Little historic history. Yeah, and it's right next to the
Gregory School, and it's it's like you're living out in
the country, but you're in the middle of town. And
and those home don't come on the market very often,
and they generally sell within twenty four to forty eight hours,
multiple offers typically. My next door neighbor put his on
the market. It'sat there for two weeks, had one offer

(01:07:12):
in two weeks and that fell a park and then
they brought it back on the market about a week
ago and there were four offers back to normal.

Speaker 7 (01:07:21):
When they brought it back on the market. How much
of a discount to do.

Speaker 2 (01:07:23):
Nothing at all?

Speaker 7 (01:07:24):
Nothing at all?

Speaker 2 (01:07:25):
Yeah, the highest sale ever in the neighborhood. Cool, So
yay for us, Right.

Speaker 7 (01:07:29):
Yeah, we always talk about how you want to purchase
stocks that you use like Spotify, You just Spotify. Peter
Lynch yet, huh Peter Lynch.

Speaker 2 (01:07:39):
Yeah, Peter Lynch had it was the head of the
Magellan find for years and that's that was his mantra.

Speaker 7 (01:07:44):
But you have Dylan and Todd have been trying to
teach themselves Spanish here in the office over the past
couple of months, and Dual Lingo had a hell of
a week they had. They jumped fourteen percent after posting
a second quarter beat top and bottom lines, and then
just raise their guidance going forward. The app's doing pretty well.

Speaker 2 (01:07:59):
Did they hear about the guys studying Are you trying
to learn speak Spanish?

Speaker 1 (01:08:04):
Oh?

Speaker 6 (01:08:05):
I already learned Spanish.

Speaker 2 (01:08:06):
Oh you know Spanish?

Speaker 6 (01:08:07):
Yeah, I got chat GBT.

Speaker 2 (01:08:09):
Oh yeah, so you don't.

Speaker 7 (01:08:10):
Need it, you don't need Lingo.

Speaker 4 (01:08:11):
And I realized, I'm like, why would you learn a
language when in three years you can know every language.

Speaker 6 (01:08:18):
It's kind of.

Speaker 2 (01:08:18):
A now you put your phone out there, right, and
they got right, Yeah, I.

Speaker 4 (01:08:21):
Mean, I'm just gonna have an earpiece that I can
talk to anyone in the world, and I just got
to know one language to do it.

Speaker 2 (01:08:26):
That's amazing.

Speaker 6 (01:08:26):
So why would I?

Speaker 1 (01:08:27):
Yeah, that's absolutely why would you?

Speaker 6 (01:08:29):
Some other things I need to work on right now.

Speaker 2 (01:08:30):
Phenomenal techno. Yeah, I know that. We all know that
there was a There was a Eli Lilly, which has
been a favorite stock of Wall Street for a couple
of years. A lot of stuff going on there. They're
a leader in GLP one. They've got an Alzheimer's drug
that's coming. Uh. They have a pill that they're bringing

(01:08:50):
out for weight loss, and they drop more than ten
percent at the open on Thursday, despite reporting a second
quarter earnings and revenue beat company. He raised guidance for
the full year. Why would he drop the pill? Their
experimental daily weight loss pill help patients lose only twelve percent?
Wasn't enough?

Speaker 7 (01:09:12):
Not enough?

Speaker 5 (01:09:12):
Hit both expectations that was set by Eli Lilly. Yes,
but investors have really high expectations.

Speaker 2 (01:09:20):
Stock dropped one hundred dollars on a Thursday and then
continued to drop on Friday, hit a fifty two week
old going the route of Noble. Interestingly, the stock is
still even after losing one hundred and twenty dollars in
the last two days of last week, still twenty nine
times earnings, and for comparison, Pfizer is eight times earnings

(01:09:43):
and Murk is nine times earnings, and Lily, after getting
hammered to a fifty two week old, is still twenty
nine times earnings. So there's a lot of downside potential
in Lily. The competitor Nova Nordic's down fifty percent this year.
Sebastian's favorite stock, rallied ten percent after the Lily news

(01:10:07):
on hope that maybe their weight loss piel is going
to be okay after all. I think it was a
ten percent, But maybe there's the one thing we've decided
in the office here regarding healthcare pharmaceuticals that whole space
is you're just probably better off to stay away from

(01:10:27):
it right now. There are so many moving parts. There
are tariff tantrums weekly about these spaces. You've got United
Healthcare being investigated by the DOJ. You've got Lily saying
the weight loss drug bolling and Trump talking about one
hundred and two hundred and two hundred and fifty percent

(01:10:49):
tariffs and how that's going to impact.

Speaker 4 (01:10:53):
Yeah, and also they make it an essential medicine.

Speaker 2 (01:10:56):
Right and todd out of this is going to come
some opportunities. But if you're buying into this space right now,
you're trying to catch a fally knife. And my experience
is if you're able to do that, you look pretty
darn talented, right, but almost no one can do it.
You generally end up getting cut when you try to
catch a falling knife.

Speaker 4 (01:11:16):
Healthcare is a real tough space to be in, especially
with like RFK being in there, with any day he
could have a new groundbreaking decision.

Speaker 2 (01:11:24):
No question. I mean, there's just so much going on
in that space, and you don't know. It's a headline
driven you don't know from one day to the next
that's going to happen. There are some opportunities to short
term trade maybe in these but again, when you're playing
around in this space with this administration, whether it be

(01:11:44):
Trump or RFK or whomever, you're trying to catch a
fally knife. And forty years of experience tells me that
most of the time you end up cutting yourself pretty
badly when you try to catch a falling knife. If
you can pull it off, good for you. We got
a couple more segments coming up. We appreciate your listening
to us because, like I said before, if you weren't

(01:12:05):
listening to us, this whole thing would look kind of stupid. Anyway,
we'll be back right after the break. Thanks again.

Speaker 7 (01:12:11):
Welcome back to the Money Matter Show Money Mistubastian Bor
seeing him here with Todd click Junior, Dylan Greenberg, and
David Sherwood. Last segments, we were talking a little bit
about falling knives in the healthcare center sector. Falling knife Celsius.
That was a falling knife for quite some time. That
stock was trading around one hundred dollars a share, came
down all the way to twenty dollars, and then they
acquired Elani Knew. They ended up going about fifty percent

(01:12:33):
this week off of that acquisition. Their sales grew over
one hundred and fifty percent through that acquisition.

Speaker 2 (01:12:38):
That's amazing.

Speaker 1 (01:12:40):
You had thought it would.

Speaker 2 (01:12:41):
I mean, you guys were on top of you, especially Sebastian,
were on top of that. I think that that was
a pretty smart move.

Speaker 7 (01:12:47):
Didn't make enough on it. How did doctor uh s
twenty percent this week?

Speaker 2 (01:12:50):
Of twenty percent this week?

Speaker 7 (01:12:51):
I said that, yeah, yeah, And it's trading around, you know,
from its lows around twenty dollars a share. It's starting
around fifty now still pretty well.

Speaker 2 (01:12:59):
Uh, just sticking with that space a little bit. That
United Healthcare, by farther words performing dovestock down more than
fifty percent, hit a six year low in the cellof
last Friday a week could go Friday, but about seven
percent after Piper Sandler reiterated their by rating with a
price twenty percent above where's currently trading. You know, the
one thing about United Healthcare, First of all, it's at Dowstock,

(01:13:21):
and we've seen with Boeing, We've seen with Disney, we've
seen with three AM and those stocks, and Video was
at the bottom of the list. Those stocks do not
those dovestocks do not tend to stay at the bottom
of that list. They tend to go to the top
of that list unless they take them off like Intel Walgreens.
So there is always that risk, right that they take
you out of the tow and then they're like Katie

(01:13:43):
bar the door. But the one thing that with the
United Healthcare that I kind of keep going back to
is there was some significant insider buying. I think it
closed out the week around two fifty at three hundred dollars.
Their new CEO who I think I think it's seventy
four years old. Bought twenty million dollars worth of the

(01:14:04):
stock at three hundred dollars, it's now two fifty. No
is is it good to follow the insiders?

Speaker 1 (01:14:12):
Yes?

Speaker 2 (01:14:13):
You know, poor Trump can't get a break, right? Did
do you see American Eagles with their new their new
uh yeah, ad campaign with the Sydney Sweeney down fifty
percent to ship jump twenty percent on Monday after Trump
called it the hottest campaign ad campaign out there, and
of course, seeing it is all over that way, this

(01:14:33):
slimy guy went to you know, sexist, right, And what
they don't tell you is if you listen to the
whole thing Trump. Trump's statement was in response to her
book order telling him that Sydney Sweeney was a registered
Republican in Florida, there was Trump said, oh, well, then
it's the hottest ad campaign out there, you know, you know,

(01:14:55):
but you never hear the whole stock.

Speaker 7 (01:14:56):
Yeah, you take stuff out of context, and you know what.

Speaker 4 (01:14:58):
About can you get a can he take a break?

Speaker 2 (01:15:01):
Well? I know they talk about the energy for a
seventy nine year old, it's amazing, it's I don't know
when he sleeps, I don't know the manius it was.
I saw an interview with the Money. He sleeps well,
but boy, it can't be for long.

Speaker 7 (01:15:17):
He just know he's firing tweets off.

Speaker 4 (01:15:19):
He mapped his tweets off, like when would his sleep be.
There's got to be someone else that do does his tweets?

Speaker 7 (01:15:26):
No, for sure. I mean the guy's tweeting at one
of the mornings.

Speaker 3 (01:15:29):
I've seen.

Speaker 4 (01:15:30):
I've seen documentaries that like he's not even the one doing.
He's telling someone else like what the right and they're
doing it, but he's still awake.

Speaker 2 (01:15:36):
I could see that. But when you you look at
the in the morning, but you'll look at the language
and the tweet this trump right, it's like Dan, you
know it's Dean.

Speaker 6 (01:15:45):
Whether what if they developed?

Speaker 7 (01:15:48):
Yeah, they do, I'm sure you know.

Speaker 2 (01:15:52):
Continue with the healthcare face. Pfizer's struggling with the waning
of COVID, drop more than fifty percent from the all
time high it was higher on Tuesday after reporting a
good quarter. Stock does have a seven point three percent dividend.
So if you could get Pfizer stock to just not
go down seven point three percent and it is a

(01:16:13):
well covered dividend, it's more than double the coverage could,
so it's gonna be around for a long time.

Speaker 4 (01:16:18):
If Pfizer got a little bit of a bid this
week because of Trump had some expectations of doing some
healthcare and semiconductor terror for something that he was trying
to bring stuff back to America and Pfizer was sending
to be more domestic and they were gonna get a
little bit of bid. But moving over to the semiconductor side,
we were all a little bit worried, like what's this
going to mean. I mean, obviously the entire markets tech related.

(01:16:40):
If you hurt the semiconductor industry, it's probably gonna mean
a little bit of a sell off's gonna happen. But
when he announced it, the market actually went up, exploded
higher because it seemed like the market was thinking that
there was gonna be a little more reaction from Trump
on the negative side than what he actually announced.

Speaker 2 (01:16:58):
Kind of a yawn, wasn't it?

Speaker 4 (01:17:00):
Major yawn in hindsight, But when you're hearing rumblings about
terrors on the semi conductor industry, that can definitely be
a scary thing.

Speaker 2 (01:17:07):
Leading one of the leading industries.

Speaker 7 (01:17:11):
Even with all the semiconductor news, this week. Just quietly
higher this week was Micron. They were up ten percent
after AMD's earnings. They just rallied and I thought that
was interesting. I thought maybe that had to do something
with the fact that they produce all their chips here
in the United States of America. I'd looked into it.
That's not true.

Speaker 2 (01:17:30):
So Timeline SAMI had big numbers on Friday, and they're
the ones that manufacturer.

Speaker 6 (01:17:35):
All these Yeah, they did really good.

Speaker 4 (01:17:37):
I think it didn't even better because after the semi
conductor tariffs and they're like, oh, that's nothing, they just exploded higher.

Speaker 2 (01:17:43):
Yeah, yeah, and rightfully so. I mean, they're the company
that makes all these fancy chips that everybody designed it.
N Vidia brilliantly designed, right everybody the ones that actually
make them happen, Yeah, they have.

Speaker 5 (01:17:56):
They make a lot of these companies chips. And I
know Intel is trying to get into space too. They're
trying to change their whole company strategy to that rather
than creating new chips. But they can't seem to catch
a break either, because Trump wants to make that CEO
resign have to just getting appointed. Who is the head
of changing this whole business strategy? Can tell CEO is

(01:18:17):
the one that just came in four months ago who
wanted to change this whole thing to say, we wanted
to be more of a foundry like TSM and manufacture
the chips rather than design new chips, because the designing
of the chip has not been doing so well in
the last few years. Obviously, the company's declined and it's
actually been having a good year recently until this news.
Because Trump's saying the CEO for Intel, the new one

(01:18:39):
has a lot of ties to communists China and the
communists stuff there, and the business is there and it's
matter of national security. The CEO came out and said
that's not true obviously, So now they're going to go
back and forth and say he says, she said kind
of thing, and he says that the company says that
they're all in support and they're working with the White
House to show that it's not true. But I don't

(01:19:02):
know where it's going to stand. In the meantime, Intel
is not doing too well. It was up a bit
on Friday, but it's still down now for the year
because of this news.

Speaker 2 (01:19:10):
There's actually several members of Congress have expressed concern and
I think Trump called him highly conflicted. He did go
to MIT, but he also went to a University of China,
and I think he's Chinese, which the name is sounds Chinese, right, No,
I don't know.

Speaker 5 (01:19:27):
It's a hard company to be in right now, as
they changed their whole company philosophy after decades with the
new CEO that's already in turmoil. It's hard to look
to want to be in that company.

Speaker 2 (01:19:38):
It's kind of like, why would you put money there
if you can go over and get AMD or SO
or video or something that's actually working.

Speaker 5 (01:19:46):
Yeah, I mean we still we have some clients with Intel.
We haven't sold it off immediately. There's some people different
tax reasons and stuff like that, but it is one
that is not our favorite stock in company as of
right now.

Speaker 7 (01:19:56):
Did we talk about chut GBT five? And yeah, Google
had a great Friday because of the thing.

Speaker 2 (01:20:02):
Google's one of the mag seven that's that's really lag
It's it's probably And again we don't recommend stocks on
this program because we don't know your investment objective, we
don't know your risk tolerance. You know, we're not staying
by Google, but if a person were to want to
be involved in the tech stock that has not had
the massive move Google would sutally be.

Speaker 7 (01:20:24):
It's only about five points away from its all time high. Now, yeah,
but up up for the year how much they say, No,
you're to date after Friday was up five point five
percent for the year. For the year.

Speaker 2 (01:20:34):
Yeah, with all these other stocks up fifteen to twenty.

Speaker 3 (01:20:37):
Yeah, I mean three months ago it was down about.

Speaker 7 (01:20:39):
Twelve point yeah.

Speaker 2 (01:20:40):
Yeah, No, it has been doing.

Speaker 3 (01:20:41):
With Apple's having to turned around right now, I believe.

Speaker 4 (01:20:44):
Google has its cheapest it's the chippest pe of the
mag seven.

Speaker 2 (01:20:47):
Well, like Dylan said earlier that Apple, Apple's in every index,
every major Indussey says, so when Apple has a big week,
the industries are going to have a big week because
it's in all of them. Hey, I want to want
your opinion on this new executive order from Trump on
Friday that lays the groundwork for alternative investments, private equity, cryptocurrencies,

(01:21:08):
real estate in four to one K Yeah.

Speaker 4 (01:21:11):
I think realistically, it's not just because you open the
door doesn't mean it's going to be available to the masses.

Speaker 6 (01:21:18):
Some company.

Speaker 4 (01:21:19):
Most people don't understand, like when you set up a
four one K as a company, you have to do
share responsibility. Sometimes you can outsource that to a third
party record keeper. If you do so, that third party
record keeper will likely not allow certain products to be
in a Form one K plant because if the what
that record keeper is doing for the company is protecting
the company from giving the employees bad investment options. Instead

(01:21:43):
of the company deciding which investment options to give the employees,
they farm it out to the record keeper to do
it themselves, and they have the fiduciare responsibility to uphold
the plans to the ARISA standards. Now, you could have
some self directed formul one k's maybe or solo form
one K and have more customized ability to put certain
things in. And we have that ability, but it's not

(01:22:07):
something I think is going to be widely adopted because
it's not something that you can just easily. I can
add a bitcoin option into your four one K. The
record keeper has to decide are they gonna is that
something they want. There's a reason there's no inverse option
in your four one K right because they're afraid that
people are.

Speaker 6 (01:22:25):
Going to use it and not use it correctly.

Speaker 7 (01:22:27):
It's a stepping it's a stepping stone toward that, but
it doesn't immediately open up the floodgates for all this
investment to go into alternative investments, private equity and bitcoin. It's,
you know, just the starting point.

Speaker 2 (01:22:38):
You guys are thinking exactly like I'm thinking. I looked
at as a nothing burger because, like Todd pointed out,
these major companies in particular, who have the majority of
the four one k's right, the Raythems of the world,
they're under tremendous scrutiny to provide their employees with high quality,

(01:22:59):
low cost choices. And the government looks at all of
us as idiots and and they treat employers that way,
and so they really have to dumb it down. I
cannot see this. I don't see this becoming any kind
of a major offering. It was it Vangard wouldn't do.

Speaker 7 (01:23:21):
Vanguard does not You cannot purchase any Vanguard ets through
or any Bitcoin ets through Vanguard. Vanguard does not own
any And you can't have Ago, you can't buy f BTC,
you can't buy be a TU, you can't buy any
bitcoin derivative et s the Guard And that's because I
forget who actually is president CEO of Vanguard. But he

(01:23:42):
just doesn't believe in it, and.

Speaker 4 (01:23:44):
Good for him because the largest fund manager, black Rock does.

Speaker 7 (01:23:49):
Yeahal hasn't. I mean, I think ultimately that will end
up changing. He's going to lose a lot of money there.

Speaker 6 (01:23:55):
I don't see.

Speaker 2 (01:23:55):
Howard too long, but it is interesting and it just
shows you a house seriously help scrutinize these big companies
are in what they offer to their employees. And when
you start talking about about four oh one ks and
employee retirement for the typical employee who's relatively unsophisticated when

(01:24:17):
it comes to investing, I just don't see them providing
all of these exotic choices and being able to then
deal with the government as to what they're going to do.
We'll be back after this with the final segment of
The Money Matter Show. Thanks again for joining us.

Speaker 4 (01:24:35):
Welcome back to the Money Matter Show. My name is Toudlick.
I'm here with Sebastian Borscini, Dave Sherwood, and Dylan Greenberg.
Remember you can go to our website greenberg finance dot
com and the minute you get there, you're gonna get
to pop up about our September twenty sixth Interactive Financial
Planning workshop. We're going to be able to put that
on at La Paloma, offer some food and drinks and

(01:24:56):
really just a space for you to come in no obligation,
completely free, be able to see what our financial plans
all about.

Speaker 7 (01:25:04):
Live.

Speaker 4 (01:25:04):
We're going to do a sample one for everyone, will
make fake numbers up and we'll show you exactly how
it can work and also show you why our tool
allows us to help you figure out if roth conversion
makes sense when it takes social Security, whether a pension
turn on from the employer or taking the lump sum
payment makes more sense. There's a lot of different decisions

(01:25:26):
to make, especially when you're near retirement, so it's the
perfect opportunity is to see how it would look the
process of building out a financial plan and if it
feels like something that you should take advantage of at
that time. At the end of the meeting, we can
set up a time and do your own financial plans.

Speaker 2 (01:25:40):
Well, if you look at it and think this isn't
for me, you get a free lunch. You'll walk out
free lunch.

Speaker 1 (01:25:44):
Free lunch.

Speaker 7 (01:25:46):
Free lunch will feed you, come hungry and come with
some questions.

Speaker 2 (01:25:49):
Call you in and bug you and tell you a
break down and become a client. This is this is educational.
We do an awfully lot of education in the firm,
and the purpose of the EDGE is to educate people.
If you become a client as a result of some
of these interactions, that's wonderful.

Speaker 4 (01:26:08):
Part of that education is our TV shows that air
every Sunday after Meet the Press in the mornings on
kV AWAY and also after the ten o'clock news on KVOA,
And we're actually gonna go up next next Thursday to
Phoenix and record six new TV shows and so we'll
have they'll start filtering most likely next next weekend, so
there just again another opportunity to learn more. We'll have

(01:26:31):
more information about financial planning in those episodes, but we
take the audio and put those on our Saturday shows,
which you'll hear every Saturday, just tune in, and then
Sunday's our flagship shows. We have many different sources and
our YouTube page has all those as well on there
if you ever miss them. We have podcasts that you
can go back and listen to the old shows. So
we also just released our latest newsletter. You can go

(01:26:54):
to our Facebook page and you'll see it, or you
can just go to Greenbrook Finance dot com and go
to the blog section and we all write our different
article pieces about where the market's going and what we
think different subset of the economy is moving. And it's
just a great way to learn slowly but surely as
a drip. And you know, and if you keep doing that,
it'll compound.

Speaker 2 (01:27:14):
All of our radio shows, all of our podcasts, all
on the website Greenberg Financial dot com. Greenberg is all
E B, E RG Greenberg Financial dot com.

Speaker 7 (01:27:27):
Click on the top left corner. It's a little microphone
and you'll have the list of all of them hand.
The last segments, we were talking about the adoption of bitcoin,
and I have a pretty cool stat what percentage of
financial advisors or asset managers do you think are actually
allowed or enabled to buy cryptocurrency products?

Speaker 2 (01:27:43):
Oh?

Speaker 6 (01:27:43):
Allowed, thirty.

Speaker 2 (01:27:46):
I'm in that ballpark.

Speaker 7 (01:27:48):
As of twenty twenty four is nineteen percent. And then
the latest stats came out about a month ago, no,
thirty five percent, So still so much adoption to take place.

Speaker 2 (01:27:58):
Yeah.

Speaker 4 (01:27:59):
Also, another fun said about bitcoin is how many people
in the world do you think own one or more bitcoin?

Speaker 2 (01:28:06):
How many people in the world? Yeah, well, percentage.

Speaker 6 (01:28:10):
Wise, No, just straight up people.

Speaker 2 (01:28:11):
Number of straight up people eleven million.

Speaker 6 (01:28:15):
Nine hundred thousand. Really, that's it.

Speaker 2 (01:28:18):
Nine hundred thousand people. So in some form of bitcoin,
one or more bitcoin, the actual coin itself, not the ETF.

Speaker 4 (01:28:26):
Or well no like has exposure to at least one bitcoin.

Speaker 6 (01:28:29):
Yeah, okay, And that that just shows you that like.

Speaker 4 (01:28:33):
There's it's it's still pretty early. Like there's there's eight
billion people out there.

Speaker 2 (01:28:37):
If it doesn't die, were early, good die never know.
It doesn't seem like it seems like it's catching fire.
Seems like it's catching catching a little bit of a bid.
Speaking of a speaking of bids, Costco has been really
struggling of late, and they came out with a report
of July sales showed July sales were one percent higher

(01:28:57):
than June sales, so see increasing. Costco bounced back up there.
I think it was up about four percent of a week.
But they've been just kind of slowly if they were
down twelve percent from their high, just in a straight line.
And as they drive by there you see how busy
they are. You wonder, how could this, how could this
dock be going down? But again it's evaluation play it's

(01:29:20):
a retailer with fifty times earnings. Most retailers fifteen times earnings.
It's kind of like an Eli Lilly where you're you're
pretty lofty there, doesn't you really don't need a reason
to go down twelve percent?

Speaker 4 (01:29:33):
Yeah, in the space that doesn't seem to want to
go down. As nuclear hit a new all time high
that ETF this week, that space is very overvalued in
terms of where we are at this point in the
current timeline of how nuclear is going to be built out,
but in the grand scheme of things, it could be undervalued.
If you look at ten twenty years down the road

(01:29:55):
where we're going to get our energy from, and largely
most of it's from fossil fuels right now, if we
can make even ten percent of that nuclear, these companies
are gonna be valued quite a bit. So that's what
investors are pricing in. It's quite early and so it's
very volatile space, but it continues to get rewarded.

Speaker 2 (01:30:16):
Wan data centers are huge every work except Tucson, and
so of course data centers require a lot of power.
Right the power generating company Eaton has been one of
the leaders in that they actually drop five percent on Tuesday.
Despite a strong quarter, their guidance was fractionally below expectations.
In a related story, Duke Energy also sixteen percent for

(01:30:36):
the year, same as Eaton. They opened higher on Tuesday
after they reaffirmed their guidance. Eaton came in with their
guidance a little softer than people thought. Duke Energy said no, no,
we're kicking it. We're kicking it and on all cylinders.
Hym's and hers a wild one.

Speaker 7 (01:30:53):
I just want to go back to Costco before I
get too far. I will do some more housekeeping on this.
But I did read the little bit of an article
and I just thought it was so interesting that they
were talking about this. Costco is going to build their
first apartments ever have you heard about this? So it's
a project, an eight hundred units complex built above a
Costco in La Okay. The affordable housing twenty three percent
of the units are going to be reserved for low

(01:31:15):
income renters. There's tons of amenities. Four hundred and twenty
five million dollars. Developments in partnership with Thrive Living and
their goal is to help ease housing shortages while creating
a live workshop community. So again, this is it's like
a it's it's an apartment complex above a Costco that
you could just come down into and start.

Speaker 4 (01:31:34):
Shopping, saying is a live work Like, yeah, some of
them will be coming down to shop, but some of.

Speaker 6 (01:31:40):
Them are actually working.

Speaker 7 (01:31:41):
Yeah, No, totally.

Speaker 4 (01:31:42):
And you imagine living on top of where you work.
No no, no, like say you work and then you
just go upstairs. Now, I think there's like obviously cities
that do that, but I mean, I'm.

Speaker 7 (01:31:55):
And I'm sure an idea of it's going to be
you know, well, that's how you're gonna get paid through housing.

Speaker 2 (01:31:59):
Well, there's a subdivision in two Sound called Ranchall Sinbaccas.
That was the original idea with Ranchall Sinbaccas is there
would be a core, which would be the businesses in
the middle, surrounded by houses so you could just walk
to work. Because it didn't it didn't work out that way.

Speaker 7 (01:32:14):
Costco's trying to make their own apartments. Now they're getting
into the housing space.

Speaker 2 (01:32:18):
What's the what's the city in Virginia that ready is
it ready?

Speaker 6 (01:32:22):
Rington?

Speaker 2 (01:32:23):
I can't think of the name in Virginia. There's a
city in Virginia that was actually built. I'm I'm Ashamed.
I can't remember the name because I should know. It
built for what uh where they the businesses downtown and
then all the buildings are around it. It was actually
built like ranchall sin vakas to where you would have
businesses in the center and then houses around.

Speaker 7 (01:32:45):
And is it resting that's it. Founded by Robert E.
Simon in nineteen sixty four. Yeah, live workplay concepts.

Speaker 2 (01:32:52):
Yeah, live a workplay concept. That's that's the that's the
whole idea. So that's what costco.

Speaker 4 (01:32:56):
It seems like it's been tried before, but it hasn't
been too successful.

Speaker 1 (01:33:00):
Well you got well.

Speaker 7 (01:33:00):
I mean I think that Costco did really good job
about doing it in La I mean, what other spot
would you do it in?

Speaker 6 (01:33:06):
Well, yeah, I don't think it's maybe a scale, but
there's another.

Speaker 2 (01:33:09):
Lifetime Fitness is a big fitness center and nationally and
they have apartments above their Lifetime I think it makes
a great amount of sense. Imagine having this massive and
if you've been to a life if you have not
been to a Lifetime Fitness center, it's it's pretty glamorous.
There's three floors of just everything you could ever imagine,

(01:33:30):
rock climbing, walls, to treadmills, to waits, to spas, any
anything you can imagine. The restaurant a very nice, very
nice deal, but they have apartments on top of those
in a number of different locations.

Speaker 7 (01:33:45):
That project is supposed to start in twenty twenty six,
so we'll see how that goes.

Speaker 1 (01:33:49):
Well, it's interesting that will you describe it?

Speaker 2 (01:33:50):
The costco is on the ground floor, right, and then
you said a couple of floors of low income housing.

Speaker 7 (01:33:56):
Affordable housing.

Speaker 6 (01:33:56):
They called it affordable.

Speaker 2 (01:33:57):
Okay, okay, that's a dess to make all four and
a happy a million anything anything new, anything under a
million would be.

Speaker 7 (01:34:07):
We'll give you this house, and we'll pay you two
dollars an hour.

Speaker 2 (01:34:10):
Your MPEd Materials keeps cranking the rare earth material.

Speaker 7 (01:34:14):
Yeah, thanks for giving me my roses because I know
you want to. You want to talk crap about my novo,
which is very fair, but no way too soon.

Speaker 2 (01:34:23):
Wait, no, well you haven't been involved in Noble for
a long time, but when your idea originated.

Speaker 7 (01:34:27):
Yeah, I know, they collapsed. MP another one that I
got out of way too early though. I got out
of that around forty dollars a share.

Speaker 2 (01:34:34):
Nearly quadrupled this year because Nearly cut up another nine
percent on last week to a new all time high
on Friday, strong and expected second quarter. This company is
still losing money hand over fist, but they're not losing
as much as was expected.

Speaker 7 (01:34:50):
Right, And all these investments that are going in so.

Speaker 2 (01:34:53):
Well, and you got the government involved, you know what
I mean, it's just and then they're they've changed their business.
It's not it's a mine in Nevada. But more than that,
they've now started to develop. They used to take the
minerals and ship them to China for processing. Well now
they're actually processing them, processing them themselves here in the

(01:35:16):
United States with government help, a government money, and who knows,
who knows where this goes. It is the hottest term
on the planet right, the rore earth minerals. So I'm
sure that that has a lot to.

Speaker 1 (01:35:31):
Do with it.

Speaker 4 (01:35:31):
And also just because a company has government help doesn't
mean they're going to do great in the long term.

Speaker 1 (01:35:36):
Right.

Speaker 4 (01:35:36):
We've seen Forge, We seen other companies get government help,
and maybe it's more of a bailout in certain situations,
but you still have to run the business correctly.

Speaker 2 (01:35:48):
Another stock that had been just going straight down is
Dutch Bros. Down twenty percent in the last sixty days.
It exploded higher on Thursday, strong earnings, double earnings, were
double expectations. So there's a lot of stuf going on
out there, and just uh uh, come see us, think
about the seminar, think about the risk profile questionnaires. We're
here to help. We're here to help you any way

(01:36:09):
we can, so thanks for listening. We all want to
be happy, and of course we all want to be
healthy because if we're not healthy, we're probably not happy.
And a Greenberg financial where we're really trying to be
is profitable. See you next week.

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