From AI to Immigration: How Global Uncertainty Shapes Market Opportunities

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Good morning everybody. It's that time once again, Sunday morning,
eight o'clock right here in KNST. This is Dan Greenberg
and this is the Money Matter Show. We appreciate you listening.
A lot of information going on, a lot of stuff
geopolitically going on. But remember one thing. It's all about pricing,
it's all about earnings, it's all about what company are

(00:21):
going to do. This stuff has been going on for
years and years and years, tens of years, decades of
information jail stuff, you know, going back and forth, and
the markets will do what they do for one reason.
They anticipate what's going to happen eventually down the road. Now, obviously,

(00:43):
when things happen and they come suddenly, the markets will fall.
We know that they become buying opportunities. So where we
are right now, just under the all time highs, you
need to be a little careful. You need to be
a little careful. We do not know right now on
the geopolitical scene, what's gonna happen in the Middle East,

(01:04):
what's gonna happen with China, Is Ukraine gonna uh and
Russia gonna escalate or de escalate? Just don't know. So
at the end of the day. Be careful. If you
got in when we all got in when the markets
fell last time, it's okay to reduce your risk exposure here.
It's fine. It doesn't mean you get out of the

(01:25):
market totally. It makes you get a little bit out.
You take someone on the table. You got four hundred chairs,
take off one hundred if it's really rallied. We know
what stocks are moving, Okay, we know what's going on,
but at the end of the day, it always turns
out to be the same. Remember last time in the
video and Meta and all these stocks ran up, ran

(01:46):
up to all no hives AI AI AI. Next thing
you know, they all got crushed thirty forty even sometimes
fifty percent, and now they rallied back. So this is
an opportunity if you feel uncomfortable to maybe take just
a little money off the table, if you want to
look longer term out. You know what's going to happen.

(02:09):
These things are going to be the future of our lives.
There's no doubt about it. There's a transition going on
right now. Just like the iPhone converted everybody over and
it changed our lives. The computer changed our lives, The
Internet changed our lives. AI is going to change your lives,

(02:33):
let's hope for the better. But in the meantime, we
see a lot of unresk going on, and not only
in our country but many other countries, and it will continue.
But that doesn't mean companies aren't going to make money.
People still need to live, people still need to eat,
people still need technology, and if you look at it,

(02:54):
the forefront of everything is technology. And the big companies
are going to continue continue to just take over the
small companies. First of all, they're going to be the
ones investing in them. And then if they're investing in them,
when they get bigger and stronger, what they're looking for
there's an opportunity for them to take over to be

(03:16):
able to enhance their own bottom line. They're going to
do it. It's the very interesting what's going on with
Meta right now. Okay and Zuckerberg. He's tried to buy
some of these other companies, the AI companies that they
were involved in and all, and when it didn't happen,
what does he do. He's paying people up to one
hundred million dollars to come over and run his AI division.

(03:40):
That's how much they believe going forward, is going to
be there. So who are the leaders? Amazon? Google, Apple
to a certain extent, because they got information coming from
the phones. Amazon obviously from sales and the way that
consumers act. You got Google with everything going on they
search and what they do and what on, what people's

(04:02):
lives on. You got Meta uh well with Instagram and
and and uh and reels and Facebook and everything else
that shows what people want and what and what their
lifestyles are like. So you that's all information that they're using.
But what's interesting is that Google is using YouTube to
actually teach AI things that they need. And it's all

(04:25):
about our behavior, what we're doing and what we are
So don't lose sight about the long term future. Use
opportunities to be buy it, but the overall market. When
you diversify, you have to be you have to be diversified,
and at this time and where we are, I would
be looking for the opportunity to go ahead and reduce

(04:45):
my exposure to risk a little bit. There's a lot
of things that have to happen to move the markets
higher and sustain higher, and you can always get back
in and ad. One of them is when will the
Fed go ahead and lower you know. Obviously Trunck's been
asking for it, and they keep saying and forecasting, Well,

(05:06):
the economy is strong now, but it looks like it
could be weak down the road. Well, it's gonna be
weak down the road. Why do you wait? Why do
you wait? And you know what the answer is, it's
because they don't know. They just say it. They don't know,
so they wait and they'll always wait. But the one
thing that I do remember Powell talking about is how

(05:27):
inflation was transitory now when it first started under the
Biden administration, and he just kept saying that, and it's
not been and it's been sticky, and we told you
it wasn't going down because the fact is the inflation
that started was real, and the opinion be real because

(05:48):
it was wage inflation. And when you have wage inflation,
people aren't going to start going ahead and going on
the other side, and they say not take less money,
especially when unemployment is so low. So people are going
to continue to get bonuses to move over. And if
you're good at what you do, you're going to be
able to make a lot of money in order to

(06:11):
go ahead and use your services. That's what it cans
have come down to whether you like capitalism or not,
that's the way it works. You're good, you can do
well for a company, they're going to pay for you.
So the other thing we got to worry about right
now to you all over the news, whether or not
we're going to get involved by using our bunker buster bombs,

(06:32):
which are the only ones that can go ahead and
take the nuclear weapons away for my red. But it's
amazing how I see the people on the other side
that everything and anything that he tries to do is negative, okay,
And the fact that they're talking about this is really

(06:54):
bothering me a lot. They're talking about how Trump is
starting this war. Did they forget that it was Amas
that started this war that killed thousands of Jews? Did
they forget that? And these are Jews talking about this.
I mean, it's insane to me how they side with

(07:19):
these democrats who just hate Israel, okay, And they're talking
about constantly, how Israel are the people that are in
the wrong here. Israel is surviving. They're doing what they
need to survive for themselves. Whether you like it or not.
If you put yourself in that position and say the

(07:40):
US was in that position, are we going to tell
we are we gonna want our country not to fight
back and get rid of the threats, that we can
live without these wars. And that's what it's gonna come
down to. And yes, America is going to help Israel.
They're a friend, and Israel helps us in many ways too.
You can get involved in all the thing between Masad

(08:03):
and the money to the trails and what goes on
and where it goes and everything else. At the bottom line,
it's an ugly business politics, it's an ugly business. But
the fact of the matter is Iland has funded Hevla
and Hamas and probably was getting money from Russia. But
Russia can't give much money right now. Oil prices awhere

(08:25):
Iran was getting money and everyone forgets i Ran was
in check and they go, wow, this is another Iraq
situation where they don't have nuclear weapons and it's just
a bluff to go to war. That's their opinion. That's
not my opinion, because my opinion is we've known they've
had nuclear weapons. Every president for the last twenty years

(08:49):
has talked about Iran should not have nuclear weapons. Everyone
in the G seven that just on that said they
shouldn't have nuclear weapons, and that we need to stop
them from having nuclear weapons. Well, you don't stop them
from having nuclear weapons by allowing them to have facilities

(09:10):
to build nucular bombs. Eighty meter is underground eighty meaters,
which means they're untouchable except for from our thirty thousand
un bombs that can go ahead and destroy it. You
can destroy everything else. But if we don't destroy that,
they still have the ability to do it. Well, yes,

(09:31):
Israel has slowed them down and they could take years
to build up, But why do we want to live
in a world if you're Israel to where you always
have to worry about this threat ten five, two or
twenty years down the road, you don't. And they Jews
have been getting persecuted for thousands of years and they want.

Speaker 2 (09:54):
To end it.

Speaker 1 (09:55):
And the only way you're going to end it is
if you do something with that land. And it's interesting
will fight against this, and they let them go ahead,
and they say, all these are peaceful marches going on
in our in our universities. It's about time we had
a president that stops it and forcing colleges to stop it,
because you know what, hate is hate, no matter what

(10:17):
if it's against blacks. If it's against Asians or it's
against Jews, it's hate. And that's what you need to
stop right now. And you start and we have to
stop what's going on from the beginning all the way
to the end. And the supporters there today, you know,
get get away from social media, don't listen to it,
and you know what's going to happen. We'll get peace

(10:38):
in the Middle East from this. The Abraham Accord will grow,
and the economy will grow. It takes time. He's been
in there six months, six months basically, Okay, the things
we're trying to get done incredible. They complain about everything.
They complain that he was a Russian asset. They come

(11:00):
claim that he is, that that everything he does is unconstitutional.
They claim that he's a tyrant, a dictator, and and
then that that he was Elon's puppet, and and that
now now they're upset because he wants to bring Iran
to its knees and stop nuclear attempt by them to

(11:22):
have a bomb. Period, everyone in the Middle East is
going to be happy. Are there deals being done? Probably?
Are there people making money on different places, yes, yes,
that we don't know anything on how the Middle East
works other than we know. It is a lot of
people bargaining back and forth. They're rich versus the poor

(11:43):
is so big. It's not capitalism, we know it. They
live on oil. But you know what, a good Middle
East is good for America. A A A bad a
bad actor like Iran is not good for the Middle East.
It's not good for America. And if you're going to
do so thing right now, this is kind of the time.
It is just what. Russia really can't help I Ran.

(12:05):
Their resources have to go to help in Ukraine. So
no one's really thought about the fact that maybe crippling
i Ran now is the right opportunity because Russia can't
be involved. Okay, you notice the Chinese haven't really done much,
haven't really said much. All the G seven countries, France

(12:26):
and Germany and Spain and that all of them Italy,
they're all about, hey, don't let them have a nuclear bomb.
So where are people don't back this administration. Yes they
have the right to say it and do it, but
let's get real. Okay, let's just get real. And they
are so wrong on every level right now. I mean

(12:49):
law in order, all the things that are going on,
not letting ice in there to do their job. Why
they think it's okay that an undocumented person should get Medicaid,
should get social Security that's coming out of our cost dollars.
That is why everyone doesn't realize we spend so much
money on things that we shouldn't be spending on. Now.

(13:12):
Do I think we should go ahead and bas this
immigration problem, Yes, we should should we I think what
they're doing is getting to given millions of people a
chance to leave and come back. Yes, But what I
haven't seen by Congress, and this is where I get upset,
is that decades they haven't mad to do is how
they're going to do it now. They need to go

(13:33):
ahead now and figure out how to allow people to
come back into our country on a better basis. We
need a better system, a quicker system to be able
to allow them to come in and do the jobs
they can do it. And I'm not just saying agriculture
and hospitality where we need them. Also, we also need doctors, Okay,

(13:58):
we an account and technology. These are smart people. If
they can help America grow and benefit, let them come
in and then if they do the right things over time,
ten years, doing every of the rank paying taxes, paying
the health care, paying into the social Security system. Give

(14:19):
them the test, they pass the test, they become US citizens.
We have to compromise somewhere, but let's get it for benefits.
Let's get them who need to be here. It's not
the the the people on the right don't want immigrants.
Of course we do. It's what we want. Is it illegal?

(14:40):
Bad actors out of here? And I don't know why
California just defends it, because everyone I know from California
that that even is. The Democrats still don't want illegal
immigrants there. They're not the ones in there protesting. It
blows my mind seeing people that are going ahead and

(15:05):
bashing our country because we're trying to get rid of them,
and raising flags of the countries they left. If they
want to raise those flags from the country, go there.
No one's stopping you. Go back there. Don't think you
can come here and raise flags of other countries. Why
you're not supposed to be here? Just not now. Do

(15:27):
I feel bad for the ones that have families and
they tried to grow a busy, Yes, but do it legally.
Let's find a way bring them back, take them out,
bring them back. That would be the best thing. It
really would and if they're good citizens, they've been here
for a while on the working figure out another way
to do it. That's all I'm saying. It will help economy.

(15:50):
Our unemployment is at four point two percent. We care
go Maarzuela. We still need workers here. The technology can't
take over for everything, remember that. So when we wrap
this whole thing up, we got to see how is
this affecting the markets at all? And there's no doubt
that it's affecting the markets right because what happens is

(16:13):
just like there were people when Bided was in, they
didn't want to invest. Now with trumpers and they don't
want to invest. But if we get all these things right,
we get lower rates down, we get oil prices down,
we get peace in the Middle East, we get the
things that we need. You're going to see this market
rally and rally to not only new Hives, but continue
to do because now regulations are going to come down.

(16:34):
It's six months, people, that's all it is so far,
and the things that we've been getting done so far
have been pretty incredible. And look where the markets are.
They're back at six thousand. There are storms throw away
from all time new Hives. Now, obviously, when the markets
went down for the month of March and part of April,

(16:58):
May April, all you do is, so everybody, he's killing
the market. He's killing the market. Well, the markets anticipate
what's going to happen. Markets anticipate where we're going. So
obviously the markets are anticipating that. Can we live with
a little higher interistrates, Yes, but the inflation hasn't been

(17:20):
there the last few numbers. Everyone says, the tarot of
going the running back the median inflation, it's going to
take some time. Now here's my last thing. As you know,
I've been gone for a while and I've been overseased.
And'll let me tell you something. Almost everybody is the
same way. Friends. They hate their government, they think they're corrupt.

(17:47):
Italy they hate their government, they think it's corrupt. But
you know what, people go on with their lives every
day and just figure out how to live and not
even worry about it. Right, they do their protests. Guess
what happens when they do their protests. The military, the
police come in. The military come in, they shut them down,

(18:08):
they arrest them, and they move on. And that's a
socialistic society. We allow people to go ahead and protest
until they get violent. Now, the past administration allow them
to be violent. The Obama administration let them be violent. Okay,

(18:29):
So they think that's okay to be violent. It is
not okay to be violent. And in other countries there
is no violence. Here's the other thing you want Italy.
Everyone loves Italy. You go to Italy, beautiful place. Right.
You can't come here as an American citizen, buy house
and get a job. You have to contribute to the

(18:50):
to the U, to the UH, to the economy. They
want that. But you can't earn any money here unless
you become a full time Italian Italian citizen. So think
about that. Everyone that's complaining about what we do in America,
you can't even do in the countries that you love

(19:12):
that you want to see that you think it is
so beautiful, It's not that way. And you know what,
in Italy, their pass rate is seventy percent. Their regulations
are through the roof. My friend that I know in Italy,
he has a villa out there. He wanted, he wanted.
He took him five years to build a beautiful pool,

(19:34):
five years to build a pool at his villa and
it cost him a million two and out of that
million two to build that four hundred thousand dollars with bribes.
Is that what you want to go? Is that how
you want to have our society? That socialism people, that's
where we were going. Capitalism is going ahead and working

(19:56):
towards things, earning it. Summer failures, some are it, but
at the end of the day, it's great. And what
Trump is doing is building this economy. I mean, you've
got it, and it's gonna get done and we're gonna
be safer. But we need Congress to get off their
duff and figure out a way to bring in the

(20:18):
immigrants legally. Legally, that is where the biggest problem is.
But I guess you got to shut it down for
us and come But Trump can't do anything. He can't
do an executive offer or order to show people that
they can come back in. All he can do is
stop them from being here. So now it's time for

(20:39):
Congress to do something and step up. But eventually it will.
This is gonna end in the Middle East, It's going
to end eventually in Ukraine. Those are the things they
gotta do. But do we still have to worry about China. Yes,
we have to worry about China. But believe me, right now,
with the tariff war going on China there, Okay, China's

(21:00):
hurting because their citizens can't buy the stop even at
those low prices that they were sending them to us.
And their economy is going to be hurting too. This
all is going to be worked out the right way.
Even Kennedy is sillah saying, you know what, we got
to make the tariff on steel equal. We got to

(21:22):
look it a way to make a deal. Everyone understands that.
And the only way it is is by being strong
and getting peace through strength. That's the way it works
when you're dealing with every other country out there. When
you just go ahead and they in their minds it's
just about giving and they're taking and taking and taking

(21:43):
and taking. We need to stop that. We were going
to go broke. We were going to go broke. Everyone
I talked to in these other countries, business people are
could not believe how much debt we have and we
don't really do much about it, and we need to.
And this whole thing about where we are with this
big beautiful bill here, there's some problems with it, but

(22:05):
we can't cut yet. We've got we have to put
other bills in where we cut the spending, and that
is going to happen, and when that does, that's even
gonna help us more. But when people complain that a
million and a half legal I'm not citizens are getting

(22:28):
medicaid and now we're trying to get them off of it,
why is that okay? That means there's not much money
to go to the people that deserve it, that are
Americans that need it, and we can maybe even increase
it for them. So people are worried about medicaid. It's
not for the people that are getting it. It's for
the people that don't deserve it. We need to start

(22:51):
dealing with the going back to who deserves it, who
work for it, who's illegal, and who's paying taxes, pay taxes,
who's doing the things to make America better? Because without
us being strong people, the world is not safe. I'll
tell you that right now. Without us being strong, the
world is not safe. So when you look at these

(23:14):
markets right now, take a breath, be happy where they are,
but be cautious where they are, because even if there's
something good that comes out that's going to stop it.
We'll see a little bit nice rally, maybe five or
ten percent, which is great, so don't come out of everything.
But there's a chance before that happens, they're going to
be hiccups. So you want that money to be able

(23:37):
to go back in in March and April. But I
do think that there's still a possibility to pull back
three five percent, and then the markets are going to
keep looking forward and they're just rache will finally come down,
and when they do, it's going to spur on everything

(23:58):
else and growth in the economy. So I appreciate you
guys listening. There's a lot to talk about. I do
miss the show. I help you guys doing well. We'll
be talking and I have a great day.

Speaker 2 (24:15):
Welcome back to the Money Matter Show. We appreciate Dean
dropping off his monologue. If the quality was not what
you're used to, we apologize for that. It was done remotely.
Dean is fine, his health is fine. He will be
back in the office. He's just enjoying some much deserved
time away with family, and we appreciate him taking time

(24:36):
to kind of bring us up today. I think we
all miss him.

Speaker 3 (24:38):
Yeah, I feel like a lot of listeners wanted his
point of view of what's been going on in the world.
Obviously a lot has been going on since the last
time he's been on the show big time.

Speaker 2 (24:49):
Yeah, Yeah, we're coming. We had a four day training
this week, four days of training thanks to the juneteent holiday. Todd,
this is psychologically a great time of the year for
me because June twenty first is the longest day of
the year.

Speaker 3 (25:02):
Well, that's what I challenge you on that. I thought
it's June twentieth because the day June twenty is it's
summer solstice.

Speaker 2 (25:08):
I won't even argue it because I don't care.

Speaker 3 (25:10):
Okay, but yeah, no, I agree. I thought it's really
cool though it's the longest day of the year.

Speaker 2 (25:15):
But here's the good news. We're going to then after
this weekend be into the Sun's going to start moving south.
So from a psychological point of view, from a fifty
year veteran, just coming off of the hottest day in
four years, that the sun is going to be moving
away from us, it's.

Speaker 3 (25:35):
Kind of nice to the sun has reached its apex.

Speaker 1 (25:37):
It has.

Speaker 3 (25:37):
Yeah, Friday is the longest day of the year. And
then after that we get shorter and shorter.

Speaker 2 (25:43):
I think it's gonna be cool and down pretty fast
or not. So whatever. Anyway, psychologically it helps me off
the Juneteenth towards interesting. It's kind of it was weird
having a day off on Thursday, then come back on Friday,
which feels like Monday.

Speaker 3 (25:58):
Yeah, you know, I look to my trash pickup because
you know normally that it's a day delayed if it's
a federal holiday. But they don't observe Juneteenth.

Speaker 2 (26:06):
Are you in the City of Tucson.

Speaker 3 (26:07):
H well, Mirana, But it was waste management.

Speaker 2 (26:09):
No, okay, it's waste manage. The city of Tucson does
not starting in twenty twenty five, only has three trash holidays.
Really that might have done Monday, so I'm very vulnerable
to those three day weekends. It's only three trash holidays,
New Year's Day, Thanksgiving, and Christmas.

Speaker 1 (26:25):
That is it. Yeah.

Speaker 3 (26:26):
See, they had like twelve but no June tenth.

Speaker 2 (26:29):
Memorial Day. They picked up on Memorial Day. It's kind
of interesting. Huh. Yeah. Anyway, the New Year's Day was Wednesday,
and that was also weird. So it got me thinking
about how popular certain holidays are. So I looked at
the study, and the most popular holiday is Christmas. Of course,
second most popular holiday is Thanksgiving. Those two are pretty

(26:50):
easy at the bottom. In eighteenth, nineteenth, and twentieth and
twenty first place are tied June tenth Saint Patrick's Day,
Columbus Day, and President's Day.

Speaker 3 (27:02):
Saint Patrick Day has the same popularity of juneteen.

Speaker 4 (27:04):
How about that?

Speaker 2 (27:05):
How about that? Huh that that?

Speaker 3 (27:07):
I don't believe that? Okay, okay, but this is a
I mean think about it, like how many people go
out to bars on St. Patrick's Day and how many
people go at the bars on Juneteenth?

Speaker 2 (27:15):
Well, you got to think there were an awfully lot
of parades around the country on Juneteenth. There are some
parades on Saint Patrick's Day. But this is a company
that puts this report together, does it for a living,
And they say that the St. Patrick's Day that was
actually a little sprised that.

Speaker 3 (27:31):
It's probably democratic funded, I thought.

Speaker 2 (27:35):
Clearly not funded by an Ivory comb.

Speaker 3 (27:40):
So obviously, more developments out of the Israel Iran conflict
right now where we're sitting as of this recording on Friday,
is that Trump is in a decision mode on whether
or not he's going to get the US involved, and
really the only involvement we are gonna we would have
it seems like it's the Bunker Buster bomb.

Speaker 2 (27:59):
I think, so I think that that's I hope that
that's all he's I hope he's thinking about. I don't
think the market wants the US involved in this at all.
I think because it adds another level of uncertainty. What
does that mean to troops in the region. Although I
will say that it appears, and again we're what nine
days into this, it appears that the Arab world is

(28:23):
pretty much okay with what Israel is doing. It's kind
of like they're really sick of Iran as well.

Speaker 3 (28:29):
Yeah, it's fascinating. I saw a couple of videos of
even young Iranians like almost dancing celebrating as their country
is getting bombed because they're so fed up with the
current regime.

Speaker 2 (28:40):
Yeah, and I don't think regime change is probably going
to come from this, because we've got an eighty six
year old Ayahtola who's not in good health, and behind
him are probably one hundred guys who think exactly like
he does. Yeah, you know, suppress the populace and we
will maintain control and is wonderful.

Speaker 1 (28:56):
You know.

Speaker 2 (28:57):
So, I don't know that you ever affect regime change ancient.
If you do, you never know what you're going to get.

Speaker 3 (29:03):
We're most likely if we do, we have a failed
state on our hands. As we've seen in Syria, Iraq.

Speaker 2 (29:13):
Example, there's a lot of good examples.

Speaker 3 (29:15):
We're not we're not great at facilitating regime change in
that region.

Speaker 2 (29:20):
Because of this, this literally when we sat here a
week ago, we're kind of where we were that. I mean,
Israel has taken a more dominant position. Iran appears to
be out of missiles or almost out of missiles. I
I don't know what their defense is a and if
America gets involved, we're going to pay have irreparable Really,

(29:42):
how are you going to do that? You know, It's
just I don't know, It's just I don't want to
know how they're going to do that. But it does
appear that the what we what we said last week
is that as long as the conflict does not expand,
it's it's probably manageable for the market.

Speaker 3 (29:57):
Yeah, I think the fear that the market has is
if the you gets involved this or another country or
another player that might get involved. Right, There's China who
gets a lot of their oil from Iran, and there's
also reports that they got even increased inventory and bought
even more oil before all these strikes happened, so you know,
they were privy to what was going on as well.

(30:18):
And the fear is if we're messing with their oil
inputs from Iran, is that impact our trade deal with
them on the other side, because there's two different market
I mean, we saw the CEOs kind of have a
more pestimistic outlook on the economy moving forward because of
higher oil for one, but also trade disruptions that we
still really don't know quite too much about. I mean,

(30:39):
we have a UK deal, it's about it right now.
And July fourth, his deadline is right around the well,
I don't know if it is July fourth, is July
eighth or something? Right, July ninth and ninety days expires,
and so that's when all the terrorists will go back
to how he had it at the was it ten percent.

Speaker 1 (30:54):
Or is this.

Speaker 2 (30:56):
Across the board tariffs on everybody?

Speaker 3 (30:58):
Yeah, so he suspended them complete, yeah, and then that
ends on July ninth, Liberation Day two.

Speaker 2 (31:05):
Yeah, and then could they be extended another ninety day.

Speaker 3 (31:07):
Sure, yeah, talk about extensions. I saw yesterday that Trump
extended the ninety day TikTok band for a third time. Well,
how many times can you do that?

Speaker 5 (31:16):
I was going to say, we've been we've been talking
about who's going to buy TikTok since you know, he's
able to just sign.

Speaker 3 (31:21):
An executive order and postpone it another ninety days.

Speaker 2 (31:25):
The problem you have with this, and and Biden ran
into the same thing that the Trump's run into, is
that you've got fifty percent of people in the United
States that use that app. You've got three million people
that make their living on that app. So do you
just make it go dark? You're creating a lot of havoc.

(31:46):
And I think that it's on paper it looks good.
I understand what they're thinking on paper, but if trying
to implement it in the real world, it's going to
be extremely disruptive to the country. And I don't think
Guinea politician wants that to happen.

Speaker 3 (32:02):
And we talked about how if TikTok was the band,
the biggest beneficiary would be Meta. Yeah, bar none would
definitely be Meta. Google would get a little bit of
pot because you two would get a little more traffic
as well. But for the most part, Meta is the
big winner.

Speaker 5 (32:16):
I was watching something, or I was reading something talking
about how Oracle wants to be a TikTok buyer. They
want to buy TikTok, and I think that that would
be a great buy for that company.

Speaker 3 (32:25):
As you know, Oracle's on an absolute tear, continues to
reach new all time highs. I think a large large
due to that is because of their inputs that they're
supplying for the Stargate project and also the United Arab
of Emirates they have their own Stargate project. We're building
a two gigle wat factory. They're building a two point

(32:45):
five gigawat, which is insanely big, and so the need
for these chips are gonna get. But also what Oracle
does is the chips, it's more of like more of
the connections, the wires that go in between things and
stuff like that.

Speaker 2 (32:59):
Yeah. Yeah, I think that the whole thing we hoped
for last week was that it would not expand, and
it didn't expand, and as a result that DALL was
up nine points on the week. The S and P
five it was down nine. Look at gold, right, gold
was down seventy bucks.

Speaker 3 (33:14):
I mean, that's that's the war trade right there. Last
week it was up big, right on the news that
you're going to war, and now this week it's down
sixty bucks. So there it was some you know, calmness that.

Speaker 2 (33:28):
You can't turn on any of the twenty four to
seven news channels without hearing about this. And and of
course you there isn't news from that war every hour.
There's periodic news, and so what you end up watching
our people's opinions, Well, if this happens, what will happen?
If this happens, it's just enough to make you want
to pull your hair out. So if you really want

(33:50):
to know what's going on with the war, you need to,
like Todd said, if you watch gold or watch oil.
I think for me, the price of oil is really
the determiner of of how severe the the war's getting.
And the weird part about oils jumped twenty percent since
this conflict started. Iran controls three percent of the words

(34:12):
world's oil. Nothing three.

Speaker 3 (34:13):
I think one of the other issues with not just
what they produce, but the straight of hormones that they're
that they're you know, making very difficult to go through.
And for those that don't know, there's a little like
indent in the I think it's like the Red Sea
or something, but whatever region where they're all kind of
Middle East around. To get out of that region, you
have to go through the straight of Hormones and they're

(34:35):
shutting that down.

Speaker 2 (34:36):
Well they're not shutting it down, but that's they're trying.
That's the fear. It's not it's not Iran's three percent oil.
It's shutting down the rest of the world's oil by
the trade of hermuz Orr's whatever whatever it is, Yeah,
whatever it is. And then the Hoho Thi's out, the
shooting missiles off, and it's that's the chaos that that's unpredictable.
And that's if the United States gets involved, that could

(34:57):
get a little bit more intense over there, And not
that we couldn't handle it, but it's just one more
thing to have to deal.

Speaker 5 (35:03):
With supply chain disruption.

Speaker 2 (35:05):
And I think Israel, if they were to continue bombing
the nuclear facility there they have there and then probably
going with booths on the ground at the end and
clean it up, I think they can take care of
it without the bylog without the bunker usters and for
me personally, I hope that's what happens. We're coming down

(35:25):
to the end of this segment. We appreciate your joining us.
A little cooler weather this weekend after our one thirteen
on Thursday, and we'll hope we get some nighter weather
going forward. We'll be right back.

Speaker 5 (35:37):
Welcome back to the Money Matter Show. My name is
Sebastian bor Senium here with David Sherwood, Dylan Greenberg and
Todd click Junior. Before we're going further. Show sponsored by
the Greenberg Financial Group and you can listen on seven
ninety K and a st or iHeartRadio. The show discusses
different investment products and strategies. Every product and strategy have
some type of an inherent risk, and we strongly encourage
our listeners to properly understand the risk to determine whether

(35:58):
to buy, sell or hold. Show has been on air
for over thirty years. The Greenbrig Financial Group is registered
with the SEC. Visit our website at Greenberg Greenberg Financial
dot com for some more information.

Speaker 3 (36:08):
One of the reports I saw over the weekend, not
over the weekend, over the week two hundred and twenty
million dollars. That's how much it costs Israel every single
day for all their strikes. You know, a company's gonna
benefit a lot from that. Continues to reach new all
time highs. I believe it got to somewhere like one
forty eight or something like that.

Speaker 2 (36:28):
I know it's pushing one fifty, a new all time high,
and you kind of they do have some holes over
there though. Did you notice some missiles are getting through
A missile hit a hospital for good.

Speaker 5 (36:38):
Well, I mean you mean through the Iron Dome.

Speaker 2 (36:40):
Through the Iron Dome, and there's three levels. The Iron
Dome has three levels. If you look at it to
study at the there's three three levels. And there's a
lot of speculation as to how these missiles are getting
through because this time there was a lot more damage
than there's ever been before. And it's not never mind

(37:01):
I'm not going there, but the speed of the missiles
or that they have some supersonic missiles, and I was
concerned that maybe that was causing the problems to shear
volume in the early going. But I think it was
Thursday night that I ran shot off three three missiles
that was it. I mean, Israel has degraded their capabilities

(37:23):
to almost nothing, So it will be interesting going forward.
I don't know that they're out of missiles that we
know where there were the plants were there enriching the uranium.
Now the question is there are some centrifugias around. Where
are those? The ones that have already been enriched? Where
are those? But I was pleased to see it not expand.

(37:45):
And again I get the feeling that the Arab world
is not terribly upset about this.

Speaker 4 (37:51):
Yeah, I agree. I think a lot of people want
the regime to end.

Speaker 2 (37:55):
Yeah, even the wrong people.

Speaker 4 (37:57):
Yeah, No, I think so too. And I say when
it comes to the fact that they one at the end,
they're just trying to figure out how and after fifty
years of the rain, maybe this is the way it
goes down.

Speaker 2 (38:07):
I think a Juneteenth is probably didn't need to be
the hottest day in four years. It wasn't much fun
having a day off with the hottest day. And for
anybody do anything exciting, played some golf? Is that bash?
And you played golf? Did you die out there?

Speaker 4 (38:19):
You're done before noon?

Speaker 2 (38:20):
So oh you played out there too? You will played
with it?

Speaker 4 (38:23):
Yep. The back nine was hot and it could tell
by our score. Yeah, I bet got hi well. But
other than that, it was a good day.

Speaker 2 (38:31):
God.

Speaker 3 (38:32):
Yeah, I just ran went up to Phoenix, came back.

Speaker 2 (38:35):
Ran early though. Right. My wife is an interior decorator.
She wanted to go see a client, and so we
went out to the client's house in Vail. And on
the way back, you know, and looking at the thing,
and it's like one hundred and five or whatever, and
I said, she said, what do you want to have lunch?
I said, mount Lemon. She said really, I said, yes.

(38:56):
Off we went to Mount Lemon, had lunch on Mount Lemon,
hung up out up there for a few hours.

Speaker 5 (39:00):
And the good news is for a nice little tu
Son escape.

Speaker 2 (39:03):
Yeah, it was kind of fine. I mean, we were
on the on the over by veil, so coming back
we're crossing Houton and Houghton connection with Cattleana Highway, so
it was pretty easy. And you forget it's like twenty
five miles. It's just it's nothing, and I have a
I'm happy to report that on the hottest day of
the year, we went one hundred and twenty miles, including

(39:23):
up the mountain, and my Tesla got back to the
garage with fifty percent battery. Wow, I was pretty impressed,
I considering I had forty seven percent battery when I
got to the top of Mount Lemon.

Speaker 5 (39:34):
It's all the regenerative breaking that you did on the
way down Mount Lemon.

Speaker 3 (39:37):
We charged it for you.

Speaker 2 (39:38):
Yeah, it did. It didn't charge it as much as
I had hoped. Because of the heats of action. On
previous trips to Mount Lemon, I've been able to pick
up ten to fifteen percent battery coming down.

Speaker 5 (39:47):
So you actually see on your Tesla like the percentage gain.

Speaker 3 (39:50):
Yes, oh that's really good.

Speaker 2 (39:51):
I actually do. And actually when you're charging battery there's
a little line to the side of the screen that
goes green. Nice shows you're getting bridge entered regenerative breaking.
And I think this time I got five percent. I
gained five percent battery. So I left Mount Lemon or
Summer Haveven with forty seven percent battery. I got to
the bottom with fifty two percent battery. Cool, so I

(40:14):
but before I picked up more than ten percent coming down.
I only think I can think is the heat. It
just was the battery does not like the heat.

Speaker 5 (40:23):
Tesla they canceled their autonomous thing this week right those
this week, supposed to be on Wednesday.

Speaker 2 (40:31):
Now what which autonomous saying?

Speaker 1 (40:32):
Are you there?

Speaker 3 (40:33):
There's supposed robotaxi taxi.

Speaker 5 (40:35):
Yeah, they were supposed to have an events or something,
I mean delayed canceled. Would be aff the actual events
was delayed?

Speaker 2 (40:42):
Okay, yeah, yeah, yeah, well it's been delayed many many times.
If there's a quote from Musk saying that there are
going to be thousands of robotaxis on the road, and
I believe that was from twenty nineteen, that quote.

Speaker 5 (40:57):
Yeah, Waimo going into New York with drivers behind the cars.

Speaker 3 (41:00):
You know, the robot taxi is a pilot in Austin,
just so you know, they have it running in Austin.

Speaker 2 (41:05):
One.

Speaker 5 (41:05):
No, I wasn't. I wasn't saying that the robotaxi was
only seen one. I wasn't saying that the robotaxi was
getting delaid. I was saying that the event to talk
about the robotaxi just got canceled for whatever reason. They
didn't want to talk about it anymore.

Speaker 2 (41:16):
And the Amazon's rolling out their fleet of drivable cars.

Speaker 3 (41:21):
Did you see bezos small truck coming out. No, he
came out like a little prototype. Didn't look too bad.
It was like a twenty thousand dollars truck. I don't
know if you guys remember that he came out with
the little idea that he's going to make a really cheap,
affordable car. It's not very big, it's not very sexy,
but internal combustion pretty sure.

Speaker 4 (41:40):
No, it's electric.

Speaker 3 (41:41):
Is it electric?

Speaker 4 (41:42):
Yeah, it's supposed to be like a very bland version
of the electric trucks. But it's just I think starts
at fifteen grand and then you can get you can
make it an SCV as well, which would then be
about twenty five thousand, but supposed to be one of
the more affordable electric cars or trucks coming out.

Speaker 2 (42:00):
Amazon opened their debut their their plant, their big plant
on a Wednesday, is gonna make their driverless vehicles. Amazon
gonna make drivers vehicles in San Francisco.

Speaker 3 (42:12):
Bay Area, where I mean, if you think about from
an Amazon point of view, makes a lot of sense.
They seem like they do a lot of packages, right,
A lot of driving would be something save on the employees.
I mean you're thinking, and I think that's the power
that Amazon has with aws. They probably have a lot
of data that they build that on and then you
think of a company like FedEx, where how would they

(42:33):
build an autonomous fleet. They don't have the data, They
would have to pay so much money that yeah, I
mean FedEx or ups. I feel like that's gonna be
a really hard time if if Amazon develops driverless delivery vehicles.

Speaker 2 (42:46):
Difference between Waymo and Tesla and Amazon is Amazon and
Weymo have no intention of selling vehicles to the public,
whereas Tesla is all about selling vehicles the public. Amazon
actually they talked about using them for delivery, but they
also talked about competing with Uber and Lyft.

Speaker 3 (43:06):
Oh so just like Waymo.

Speaker 2 (43:08):
Yeah, just exactly like Waymeo. Waymo's got a big head
start though. I mean they've been buzzing around Phoenix, Todd.
I don't know for how long a year, at least
five years. Yeah, yeah, you can't go to Phoenix with
I've seen them all over the place.

Speaker 5 (43:20):
Like I said, they're starting them in New York. I
mean they're going to have a driver behind them to
begin with, but that regulation eases in New York, they'll
be able to you know, well.

Speaker 2 (43:28):
They're trying to do proof of concept. New York's very
skeptical about this. And they have rules in place and
they really don't want driver less vehicles around Manhattan, which
I understand having been there many times. It'd be a
very busy place. Gonna be hard for a driver less vehicle,
even the smartest vehicle to stay out of trouble in Manhattan.

Speaker 3 (43:48):
Another stock that has gone really crazy over the last year,
and this is one of those stocks that our clients
have come over with, is ww D Woodward Stock. That's
a company that really just specializes in some of the
like hydrogen gas, turbines, renewed like those type of things,
the smaller stuff for aero, defense, aerospace, and even some

(44:10):
AI generations. So if you look at the stock, it's
very it's very overvalued at this at this time, it's
it's gone up, like I said, over fifty percent, but
anything with the infrastructure right now continues to get a bid.

Speaker 2 (44:24):
Speaking of overvalued, how about MP Materials. You're a little
bit on board there, Sebastian. That's the company knowns that
Mountain Pass Mine and Peruar Minerals.

Speaker 5 (44:35):
Just keeps going.

Speaker 4 (44:36):
It's crazy, six up days in a row, every day,
six in a row, something like yeah. Around that. Since
we've been looking at it more closely, and then we
saw that. Yeah, it's been having a good bid.

Speaker 5 (44:47):
Yeah, and I mean I like the stock at twenty
dollars a share, I don't like it as much as
thirty eight.

Speaker 2 (44:52):
Well, it was up ten percent on Monday after the
company disclosed. Rather than selling their earth minerals for China,
Sorry about that. Sorry about that. I always forget to
mute my phone. Rather than selling their earth minerals to China,
they're going to work on refining them here in the
United States into the batteries that they send them to China.

(45:13):
Speaking of that, I was speaking with a client and
he has a large trucking company here in Tucson, and
we were talking about his business and he said he
mostly hauls copper aggregate from the mines. And I said, oh, really,
do you take it to the smelters, And he goes,
some of it goes to the smelter. But there are
only two copper smelters in the United States, Miami, Arizona

(45:37):
and a place in.

Speaker 5 (45:38):
Utah, Miami, Arizona two two.

Speaker 2 (45:40):
Then there was one of Salmon weel but it's been
it's been gone. When the copper price shut down. Anyway,
I said so worth you take he goes, We take
it to Mexico to Wymos. We unloaded at Wymous. A
Chinese ship picks up all of the copper aggregate, takes

(46:01):
it to China smelts.

Speaker 5 (46:03):
It's copper so really efficient, Are you kidding me?

Speaker 2 (46:09):
Really? Because they don't have to worry about their environment there,
you know, yes, Okay, So let's say you're a believer
of global warming, right, and it's being caused by pollution,
and so we're going to do all things we can
possibly do in the United States to stop that, trying
to could care? They could care. They've got fifty coal
fired plants on the drawing board.

Speaker 3 (46:29):
Yeah, creating a that type of refinery.

Speaker 2 (46:31):
No care smelter smelter, yeah, getting good luck getting the
smelter approved and started in the United States, right.

Speaker 3 (46:38):
And the CEO was on CNBC of MP Materials and
he was saying how everyone from all corners are just
asking for more and more of those rare metals. So,
I mean, no matter what, it seems like, the demand
he's saying is just coming in and coming in. But
we we've you know, we've heard the story before with Navidia.
Sometimes it can work out really well. Sometimes it might

(46:59):
just be hype for one little cycle push, but it
does seem like these are gonna be needed for the
foreseeable future, just like the semiconductors were so.

Speaker 2 (47:07):
Yeah to give. Trying to credit. We're spending the last
twenty years rounding up mines all over the world that
have earth minerals, including Africa, including South America. We're coming
up on a break. We'll be back with the second
half of the Money Matters Show right after this message.

Speaker 4 (47:23):
Welcome back to the second hour the Money Matter Show.
I'm Dylan Greenberg here with Todd Glicks of Bashan Borsini
and Dave Sherwood. For those of you just tuning in,
The Dow is even for the week. The S and
P five hundred was down point two percent, the Nasdaq
was up point two percent, the Rustle two thousand was
up point one percent, and the RSP was up point
one percent. It's a pretty flat week overall, even though
it's still a lot of stuff going on the news.

(47:43):
We're seeing the tensions between Israel and Iran building We're
trying to hope that that doesn't get too much, and
we don't want the US necessarily to get involved with
boots on the ground. So we were talking abound in
the first hour, but at the end of the first
hour we were getting back into rare Earth minerals, which
is just all the hype, even though they've been around
for decades. Like we were saying, China entrees. Well yeah,
but China's been the leader. They've been mining that stuff

(48:06):
for twenty years, their way ahead of everybody. The US
is trying to catch up. We have MP Materials, which,
as you see, is a company that's just been killing
it as a stock over the last couple of months,
just been doing great. It's the only active one, actually
active mining in the US right now. There's other companies
that are trying to get started. That's why if you
look at the Rare Earth Mineral ETF or EMX, it's

(48:28):
not too attractive. They have some China companies in there,
they have MPN there and all of that, but it's
not doing that well. So it's kind of like the
solar ETF that we found years ago, or I guess
a couple of years ago, where FSLR was holding it together.
And that's why we wanted to go in the FSLR.
It seems like MP is the one holding it together, and.

Speaker 5 (48:47):
I think the demand for rare earth minerals are just
getting higher and higher because of all this renewable energy
that we're seeing. One of the biggest inputs for electric
vehicles is rare earth minerals. I'm not sure exactly which
one I could find out for you, but as we
get more into the CV world, we're gonna have to
find more of these things.

Speaker 2 (49:06):
There's seventeen of them with a myriad of US is
all important, from evs to defense to your cell phone.

Speaker 4 (49:13):
Yeah, I mean, we have deposits that were the US
starting mine in Wyoming, in Texas, it's just far behind.
It's just newer in the US. MP's in California area,
Northern California area, and they have an active mind going.
So we're heading that way. We're trying to be more independent,
I think, than trying to rely on China's but for
the time being, that's why that rare earth minerals with
the whole China trade deal is part of it, because

(49:34):
they got ever they got to supply us for earth.
Right now, we're trying to not be so dependent on them,
but that's something we have to right now.

Speaker 2 (49:40):
Yeah, Federal Reservative leave interest rates unchanged. Last week. Trump
didn't like. We understand that the lower interest rates mean
a lower budget deficit makes them look good, so we
understand where his where his bed is placed.

Speaker 3 (49:55):
Well, I think what I would like to talk about,
just because he then brought it up as the solar
solar world. I mean this this week with the big
beautiful bill, the Senate is taking stuff out to make
it more appealable, which some of the House said, if
you take this out, we're not I don't know how
the House can get back involved if they've already passed it.

(50:15):
They said that they're gonna whatever. The whole politic world
doesn't make.

Speaker 2 (50:19):
The bill, and if the Senate does not approve their
bill as handed.

Speaker 3 (50:23):
To them, it goes back to gotcha.

Speaker 2 (50:26):
It has to go to reconciliation.

Speaker 3 (50:27):
Goodness gracious.

Speaker 2 (50:28):
So that's where we are now. We're in the reconciliation
process and you're here.

Speaker 3 (50:31):
The first one passed by one vote, So how are
we gonna get the second one? The past here and
it's I don't.

Speaker 4 (50:36):
Think they're going to hit there's a fourth deadline. I
would not think that's gonna happen.

Speaker 5 (50:41):
We're all we've all been talking about like these poor
solar analysts that you know that their job is literally
to talk about what the effect of these solar credits
are going to do to the company, and just back
and forth, back and forth. Money. I'm not coming home tonight,
Like you have to.

Speaker 3 (50:55):
You have to dig through the act and really figure
out what credits are going away, what credits stay, and
then run that through your valuation metric of what the
stock should be worth. But yeah, I mean all solar
stocks at least were down at least ten percent, So
twenty five percent. I heard some analyst said it was
like the death of the solar industry if this really
goes through. I don't know if it goes that far,

(51:17):
because I do think the only short term energy that
we could produce in mass scale that would do any
type of benefit would be solar. For energy production. We're
still three years at least from mass producing nuclear type
of energy. Yes, we're gonna produce a lot of oil,
we're still doing that. But you know, where's the excess
energy gonna come from? Right now? Our best bet is

(51:38):
going to be solar.

Speaker 5 (51:40):
It's not wind.

Speaker 3 (51:41):
It's definitely not wind. The solar has gotten better, like
the technology behind it, and it will continue to get better.
And as these panels and batteries can store and attract
more energy, it does because it hits a breaking point
by itself where I think it at some point rates
won't even matter.

Speaker 2 (51:58):
The watch the news and there's a little snippet coming
out of the Senate almost every day. I think it
was Friday day, or Thursday day or Wednesday. I keep Thursday,
it was a holiday. Wednesday, they said that what extending
the senior tax credit is actually going to be instead
of four thousand, will be six thousand dollars if you
have combined income under one hundred and fifty grand tax winkum.

(52:21):
That's in a lieu of waving taxes on Social Security. Right,
So that's the Playcate that group. The Child Savings Account
thing is still alive. Senate.

Speaker 4 (52:32):
Yeah, they lowered that to the Senate lowered that from
twenty five hundred to twenty two hundred. Yeah, so they
did that, they lowered, they took away didn't they take
away tax on tips or lowered they lowered the threshold. Yeah,
it's just kind of content and they lowered everything that
the House had.

Speaker 2 (52:48):
Yeah. At then maybe we'll figure it out. I think
that the child savings Account thing is I think is
Trump's effort to come up with something similar to Obamacare
to where he'll be remembered forever. Right, So you've got
a Bombacare that'll always be Obamacare. You've got the Wroth Ira,
Senator Roth, which will always be the Wroth Ira. So
what did they call the child's savings account? They called

(53:11):
it money. This is the official name money accounts for
growth and advancement or.

Speaker 4 (53:18):
Yeah, they're always coming up with the clever acronyms.

Speaker 2 (53:21):
No, but I mean tell me that's not a way
to an attempt to make yourself immortal.

Speaker 5 (53:26):
Well, I thought that his guitars was going to do that.

Speaker 3 (53:29):
It's like the Patriot Act, Like the Patriot actually stands
for something.

Speaker 2 (53:32):
Market you know, again, I don't know nothing, Like just
said nothing last week because they're just there's been little
or no change. We're just kind of sitting on pins
and needles, waiting for something, waiting for Iran to say uncle,
waiting for Israel to stop bombing, waiting for Trump to
get in not get in. Uh, those are all market

(53:53):
moving things, and one way or the other I understand
the uncertainty with investors.

Speaker 5 (54:00):
You know, what did do good this week or did
do something this week?

Speaker 4 (54:03):
Circle? Circle seems to not care about what's going on
in the world and the markets anything. Markets are down,
it's up ten percent. Markets are up, it's upteen percent.

Speaker 3 (54:12):
It's a great technology.

Speaker 4 (54:13):
It's real bombs that you're on to talk too.

Speaker 5 (54:16):
It was up eighty five percent.

Speaker 4 (54:17):
This Circle is a company that's the stable coin that
came out in public a couple of weeks ago, and
it's done nothing but just go up. iPod at thirty
seven dollars. Thirty seven dollars roughly. It started trading publicly
seventy three dollars, and since then it's gone up and
up and up, and now it's at roughly two hundred
and forty dollars a share. It's crazy how much has

(54:38):
gone up. It's one of those IPOs. But the thought
behind it is more clear in the sense that people
like the idea of a stable coin, which Toddy, I know,
you know a lot of details about the stable coin
if we want to explain it to our listeners.

Speaker 3 (54:50):
Yeah, I mean, I think what people use ze When
you're logging into your bank account, you see digital dollars.
Those aren't real dollars, and we send digital dollars all
the time. The only difference with those digital dollars is
you're trusting the bank to actually have them all and
we all know they don't. Because they're fractional reserve banking, right,
they have maybe fifteen to twenty percent of the reserve
on requirements whatever the minimum reserve requirement is. These stable

(55:12):
coins truly do. They're backed one to one by treasuries.
So the way they make money, the way Circle makes
money is if you give them a dollar, they'll turn
around and use that dollar to buy a treasury. Well,
that treasure's yielding, say three percent, that's what they're making.
They're not giving you back any interest, right, so they're
they're able to make their spread, their operating costs on
that interest flow. So if inturates go higher, it's better

(55:32):
for Circle. Intrates go low, it's gonna be worse for Circle.
That's it. I mean, it's a one for one exchange.
And what JP Morgan has actually done is they're pilating
their own stable coin program. They just started it last week,
but this would be an idea where potentially it helps
them just with their payment rails making it more efficient
to send money because most people don't understand the back

(55:55):
end of how money is actually sent, and it's not
as efficient and clean as you think it is. It
does take a couple steps, and so some of these
new technologies allow for just more efficient money transfer and
it cleans the system up a lot.

Speaker 5 (56:08):
And you have companies like Amazon and Walmart's coming out
with their own stable coins. That way you could take
your own stable coins and purchase goods at their store
for that Yeah, some of the biggest losers this week
Wednesday with coin bit or with a circle going up,
you know, eighty five percent this week was Visa MasterCard.
They are going to be some big losers if this continues.

Speaker 2 (56:31):
I just have a hard time envisioning how it's going
to happen.

Speaker 3 (56:35):
I think again, as long as I can just go
onto an app, like if I have Amazon, Amazon, I
can say, hey, I have one hundred dollars, I'm going
to pause one hundred dollars. They give me a hundred
dollars of Amazon Coin. I can use that Amazon Coin
to buy anything in the Amazon Store, and that's their
stable coin. You won't even know you're using it. It's
just there.

Speaker 5 (56:54):
And I can envision a time that you're getting a
discount on Amazon by using stable coins instead of US dollars,
because again, you won't have to use your Visa MasterCard.

Speaker 2 (57:05):
So quarter dames and nichols are not stable coins anymore.

Speaker 5 (57:07):
Huh, I don't think so.

Speaker 3 (57:09):
Do I think they stopped making Secretary Bessett? He said
that he thinks they. Actually another reason Circle's going up
so big this week is they passed the Genius Act
G E N I U S another acronym, but this
one is all about stable coins and the regulation around it,
and the idea again is secutary Pestit thinks this market

(57:30):
cap for this industry is going to be around three
point nine trillion in ten years.

Speaker 2 (57:34):
Well that's what gave it the big pop, because right
now you said three point nine trillion, what is it now?

Speaker 3 (57:38):
The market cap is forty six billion.

Speaker 2 (57:40):
Yeah, so it's a fraction of what's going to be.

Speaker 3 (57:42):
Now that's the entire industry, So obviously there's going to
be other players. There is already other players, but Circle
is the only public way to get into that space
right now.

Speaker 2 (57:50):
Yeah, that's the first congressional act related to crypto that
there has been the very first one and again missed.
The mistrust of crypto by the public has risen has declined,
I should say those trusting crypto currency, which stablecoint is

(58:11):
a crypto currency, those trusting it have gone from twelve
to thirty three percent in the last five years, so
it's getting a little.

Speaker 1 (58:19):
Bit more love.

Speaker 3 (58:20):
The issue is again education because if you if you
think a stable point is a cryptocurrency, like by technology,
it is, but there's completely different use cases, ones for speculation,
the other ones truly for access to US digital dollars
that you otherwise couldn't. Again, it's very hard for an
American to even comprehend why that would be needed. But

(58:40):
there's another seven billion, seven point five billion people in
the world that love dollars that can't get a hold
of them as easily as we can.

Speaker 2 (58:47):
Whether or not that becomes part of our normal life
here in the United States over the next ten years
and then, I guess we'll see, But it's certainly something
that a lot of people are talking about, and Congress
has gone to the point of actually passing legislation.

Speaker 3 (59:01):
In favor of it, even if the US doesn't get involved.
I mean again, internationally speaking, it's huge there. I mean,
it's such a use case that seven billion people use it.
Who cares America never uses it. That's why this space
is growing like crazy.

Speaker 5 (59:14):
And it's like you were saying, Todd, it's all going
to come down to the interface of whatever, how use
easy to use?

Speaker 1 (59:21):
Right.

Speaker 2 (59:21):
We want to congratulate the Florida Panthers on the Stanley Cup,
their second consecutive Stanley Cup. We talked last week about
how the viewership of hockey in the United States is
pretty lame, pretty low. I think it was a game
for they had less than a million people, which versus
we've talked about the NBA Playoffs, two small market teams

(59:43):
that are drawn around nine million viewers. So to have
less than a million is pretty lame. Because the nine
million viewers is the lowest since nineteen eighty eight, we
thought maybe maybe it was because so few US citizens
are on the teams, so I decided to google it.
Twenty nine percent of the NHL is from the United States,

(01:00:06):
twenty so that could have a lot to do. Got
Game seven of the NBA Playoffs, you.

Speaker 3 (01:00:11):
Know, we decided to do in Pima County. We decided
to make a change on that.

Speaker 2 (01:00:16):
Make a change on it.

Speaker 3 (01:00:17):
Yeah, we decided we're going to make a debt. Yeah,
Pema County. You know, we decided our biggest project, our
first billion dollar project in history of Pema County. What
we're gonna do is we're gonna build an ice complex,
ice sports complex or hockey keen down by ajo by
you you know. Yeah, Okay, it's gonna be a one
billion dollar you know it's it's gonna be great for
hockey players. No, I don't think it's a billion it's

(01:00:37):
it's a lot of money.

Speaker 2 (01:00:38):
Though. We have over the years had a number of
hockey venues built here in Tucson, and they've all failed.

Speaker 4 (01:00:46):
Yeah, there's been multiple ice rinks. I mean I was
a kid like years old, nine years old that played
hockey and then they shut their rink down.

Speaker 2 (01:00:52):
Yeah, they've all failed. Uh and which is for whatever
reason done in no comment.

Speaker 3 (01:00:57):
Well, this will be funded by our dollars, so it's
not gonna fail. Gonna fail, right, just keep going to keep,
just keep asking more money from us. Oh man, No,
Pema County can't print money. That's the thing I will.

Speaker 2 (01:01:07):
I will say those things that as having my grandchildren
here in town. Now, I'm aware of the stuff for kids,
and there's an awful lot of stuff for kids and
more stuff coming.

Speaker 3 (01:01:17):
It's a great sports complex in Ore Valley. You have
Keyno right, you have a lot.

Speaker 2 (01:01:23):
Of indoor the trampoline parks and uh and the exercise
things for kids and slides and there's an awful lot
of stuff for kids here, which is which is encouraging.
Tonight NBA Playoffs Game seven.

Speaker 4 (01:01:36):
Are we taking Oklahoma?

Speaker 2 (01:01:38):
Yeah? I think Oklahoma City is at home.

Speaker 4 (01:01:40):
I think they take it from You would think so.

Speaker 2 (01:01:42):
You would think so they probably be what a seven
eight point favorite?

Speaker 4 (01:01:45):
You probably the probably three point favorite.

Speaker 2 (01:01:48):
No, come on, the The one thing about it, whoever,
whoever wins the game, it is going to be their
first ever NBA title, no matter who it is.

Speaker 4 (01:01:59):
Yeah it is. I mean in Oklahoma, their average age
is like twenty four to twenty five.

Speaker 2 (01:02:03):
Oklahoma just having a half point favorite.

Speaker 4 (01:02:05):
Oh you looked it up before the No, it's not.

Speaker 2 (01:02:07):
Actually, but I did.

Speaker 4 (01:02:09):
Just Now that's called bet on it.

Speaker 5 (01:02:11):
Then going back, it's called the Mosaic Quarter multi billion
dollar sports complex.

Speaker 2 (01:02:17):
That that billion dollars it is billion billion, wow, billion dollars.

Speaker 3 (01:02:21):
So we're going to produce some hockey players, hopefully for
no I mean, where are they going to come from.

Speaker 4 (01:02:26):
I don't know what it does for us, but it's
gonna be similar to trying to like grow the game
of lacrosse in Tucson. Where you get some traction, it
grows a bit, but it's hard to just bring the
whole city into the culture of the sport. And lacrosse
is known for Northeast and like that little area like
New England area. Hockey is known for the colder areas.

(01:02:47):
It's never taken off like football or baseball or soccer here.
And I think part of it's all the equipment you
gotta buy. It's not those aren't cheap sports. Hockey you
got a lot of equipment totally across. You got a
lot of equipment. Golf, you got a lot of equipment.
Not chief sports like basketball and soccer, they're cheaper where
you can just get a ball in cleats.

Speaker 2 (01:03:04):
I went to dinner. I went to dinner last night
with a German born man who's lived all over the
world and he lives in Tucson. Now it's the longest
they've ever lived in any one place. He's in his eighties.
That may be part of it. Kind of tired, you know.
But we were talking about about sports and he said that.

(01:03:26):
I said to him, I said, you know, my grandson
is really into soccer, but it's just so hard to
watch boring. He goes, I peg your pardon. He said.
When I first came over here, I watched American football
and they would stop playing and gather in the circle,
and I go, what are they doing? Why aren't they playing?
You know, so it took me a while to get

(01:03:46):
used to it, he said, you got to understand the
rules and the nuances of it.

Speaker 5 (01:03:50):
And different perspectives. I wonder how many people were happy
about this multi billion dollar hockey stadium here in too
so and it kind of upsets me, to be honest
with you, And.

Speaker 3 (01:03:58):
I feel like there's some other projects we could have.

Speaker 5 (01:04:00):
We could have put money.

Speaker 3 (01:04:01):
I mean, think about how much AC you need to
keep an ice good. You could do everything.

Speaker 2 (01:04:07):
Yeah, the things you could do, Yeah, it's just amazing.

Speaker 3 (01:04:12):
And the ongoing maintenance of something like that just seems
so expensive. Oh yeah, to keep it like somewhat usable.

Speaker 5 (01:04:18):
Think about the economic impact? Odd, yeah, what is the
economic Yeah? Seriously about my ten dollars that I'm going
to pay to the stadium when I go watch a game.
I mean, I don't get it.

Speaker 3 (01:04:29):
Yeah, I mean I don't feel like we have even
maybe ten percent of the population just begging for an
ice rink.

Speaker 2 (01:04:35):
Globally, stocks did worse than they did here. Europe down
three percent, China down three percent. Oh, you have gained
a buck eighty in the week, or seventy five bucks.

Speaker 3 (01:04:44):
We keep hearing about International though, right so International, if
you if you look at International, they're fifteen times Pe.
Right now, we're trading around twenty one twenty two. So
everyone's saying International's coming back, They're gonna, They're gonna. That
mean reversion's coming.

Speaker 2 (01:05:00):
There are periods like that, Todd As we explored that,
we talked about it on the radio. Over the last
ten years. There was one year where the International will
performed the US but pretty rare.

Speaker 3 (01:05:09):
And I think the reason being too is also the like,
as much as some people are going to say, well
the PE is lower in Europe, it's gonna change, It's like, okay,
but do they have AI And if they don't have
AI companies, do they warn't the same type of growth
rates that our companies.

Speaker 5 (01:05:24):
We'll just think about all the regulation over there too.
I mean, yeah, there's gonna be so much. There's such
an argument right now to how do we regulate AI
within the United States? And we're very growth oriented, let's
let it happen. Europe is not like the.

Speaker 3 (01:05:37):
Well, speaking of regulation, Google, I mean down five percent
this week, gonna really find a reason? Just bad trading?
Anyone else see a reason?

Speaker 5 (01:05:46):
Uh Waymo's caught fire in la I don't know, it's
a joke.

Speaker 3 (01:05:51):
Yeah, I mean I think it was the worst Max
seven this week.

Speaker 2 (01:05:54):
Yeah, yeah, it's possible. Googles. Google's an interesting one. They've
got a lot of a lot of a lot of things,
a lot of moving parts, a lot of moving parts.
Next week we've got a bunch of housing reports, and
on Friday the PCEE, which is the personal consumption expenditure
in excess to the Fed's favorite gauge of inflation. I

(01:06:15):
think as long as the housing markets and the toilet,
I don't think we need to worry about that.

Speaker 3 (01:06:20):
I don't also think the only way we're getting lower
rates is if unemployment ticks up a little bit. Yeah,
it seems like they don't care about inflation, and inflation
is exactly where they wanted it to be, and they're
not going to cut rates because of it. So now
all the focus is going to be on the labor report, right, Yeah,
but I mentioned last week that, and of course shelter
being one of the major components of CPI, shelter being
rent and houses, and both of those are coming down,

(01:06:44):
don't I don't see any pressure on inflation from housing
anytime in the near I told you last week that
I've got a good friend who's a realtor, excuse me,
and he said, it's so bad, it's.

Speaker 2 (01:06:54):
Like blood in the streets. And then on Tuesday we
learned to build her sentiment in June dropped two points
to thirty two. Anything below fifty is considered negative. It's
a thirty two, right. The only other time we've seen
the level that low was in twenty twelve and during
the pandemic, So it.

Speaker 5 (01:07:18):
Down in thirty two.

Speaker 3 (01:07:19):
Do you know where if they didn't have that sentiment
in No.

Speaker 2 (01:07:21):
Eight, you know, honestly don't know, but oh wait, probably
would have been a time when that would have been qualified.
But the point is, it's housing is dropping I'm looking
at prices and they're they're coming down fifty five percent
increase in inventory, sales are at nine levels. It's just
not happening.

Speaker 5 (01:07:41):
What was that the builder's sentiment thirty two?

Speaker 3 (01:07:44):
I think along that building is there's not much room
to build, right. And we saw with part of the
One Big Beautiful Bill Act is eleven Western states would
sell off a good amount of land land banks. You know,
each state has their own land banks that would sell
off to private developers. And we talked about it here
in the office. How it's not you know, the deep

(01:08:04):
in deep national parks that are selling off. It's more
of the friends near the city's type of thing. But
I think this is something we need especially. I mean,
I I drive on Arizona, I'm just thinking of all
the land that we could Well.

Speaker 2 (01:08:17):
You can't drive to Phoenix and back without thinking plenty
of land, you know what I'm saying. I mean, you
call very Land, I think you know that it's not
not the one where you see the way to Verylandland
or whatever it is. I have plenty of real eship.

Speaker 3 (01:08:35):
I like date Land. I want to build a city
in Dateland.

Speaker 4 (01:08:40):
Dates are good.

Speaker 2 (01:08:41):
I was gonna say, I've heard date the Dateland Date
Shake is pretty I've had two or three friends stop
there and get a date shake. They actually have a
really nice uh electric vehicle charging station areas.

Speaker 3 (01:08:55):
Also, like who came up with the city names in
Arizona because we have some of the crazy like we
have Miami Arizona. I think we have Bagdad Arizona Surprise.

Speaker 2 (01:09:04):
I mean we have some date Land just day well,
date Land because it's surrounded by Date Creek.

Speaker 3 (01:09:09):
I thought it was a great place to go for
a date.

Speaker 2 (01:09:11):
No, no, no, they planted a bunch of date plant
palms there and that's why it's called date.

Speaker 4 (01:09:17):
Yes, so it looks like a mirage if you're in
the middle of the desert. Yeah, all of a sudden,
you's got a bunch of poems.

Speaker 2 (01:09:21):
Oh it's a bunch of date palms.

Speaker 4 (01:09:22):
Yeah, we're going back to that. I mean that guy
mich Lee, he's been trying to do this land sale
since he got into the Senate twenty eleven. It's finally
gaining traction for him. But I mean he's been trying
to do it now for fourteen years. Oh wow, he's
trying to sell over three and a half million acres,
and in Arizona it's like Sabino Canyon is part of it,

(01:09:43):
and then northern Arizona and then ten other states, a
bunch of Alaska, a bunch in Wyoming, and Utah, Utah
is a big one. That's where he's a senator at
He's trying to sell off all that stuff there, and
I mean, I guess he's been trying to do it
for thirteen years and it's finally getting.

Speaker 2 (01:09:58):
We heard retail sales were down nineteenths of a percent
in May, which was the biggest drop this year. And
we're not even halfway through the year yet, So that's
not like, oh no, right, you know I got I
came home the other night my wife said, I got
terrible news today. Well, you don't want to hear your
wife say she got terrible news, right, especially if your
wife is not you know, twenty five anymore, because terrible

(01:10:21):
news can be a myriad of things. So the terrible news,
I held my breath and she while she explained to
me the Sundance Clothing was going out of business, the
retailer founded by Robert Ridford.

Speaker 3 (01:10:34):
Yeah, I know all about it.

Speaker 2 (01:10:35):
Yeah, nothing official on Cantata store is closing. But that's terrible.
That's her terrible news. That was it, And I'm thinking
that as terrible news goes, that's not terrible.

Speaker 5 (01:10:46):
That's pretty good terrible news.

Speaker 2 (01:10:47):
Yeah, because there's quite a few charges on the credit
card from sundance, so I'm thinking that is not necessarily
terrible news. I see from where I say.

Speaker 3 (01:10:57):
Well, going back to the CPI, I think what we
do needed ment is that there was a twenty percent
increase of oil, so we will see that that's one
of the second largest inputs into it.

Speaker 2 (01:11:06):
Is the second biggest PRIs.

Speaker 3 (01:11:08):
We're gonna see a little bit of an uptick there,
and that has less of a lag than housing does
and its inputs. But for the most part, inflation is
where it needs to be. The only thing I think
is gonna make the Fed cut rates is an uptick
in unemployment.

Speaker 2 (01:11:20):
Yeah. Trump's not gonna make it happen.

Speaker 3 (01:11:22):
Well, Trump can't.

Speaker 2 (01:11:23):
He can call him all the names, and he wants
to call him pologist. Let's like water off a duck.
I think it's at least that's what it's.

Speaker 5 (01:11:29):
Good for him and the FED.

Speaker 3 (01:11:30):
I believe thinks there's still gonna be two cuts this year.

Speaker 2 (01:11:34):
It's like, right, yeah, yeah, they did say there could
be two cuts. Anyway, We're gonna make a cut here
in a minute and be back after this commercial message.
We appreciate your joining us on his cooler. Sunday morning.

Speaker 3 (01:11:46):
Welcome back to the Money Matter Show. My name is
Todd Glick. I'm here with David sherw Sebastian Boorsini, and
Dylan Greenberg. This week we had bitcoin, didn't really do much,
just traded a little bit down.

Speaker 2 (01:11:59):
Not uh.

Speaker 3 (01:12:00):
You know, everyone loves to try to figure out bitcoin.
Is it an inflation hedge? Is it a fear hedge?
Is it a risk asset? Is it a currency? Is
it a store value? Depends on the Yeah, it depends
on what narrative you want to give it. I I
don't even know.

Speaker 2 (01:12:15):
It literally could be any of those things or none
of them.

Speaker 5 (01:12:18):
Right now. I'd like to call it my leading indicator.

Speaker 3 (01:12:20):
I think so in some ways liquidity. I think yes,
I think it's an it's a benchmark of almost not
just money printing, but also risk and also fear. I
think it doesn't just have one or the other. It's
all kind of three. So the idea is, to me,
is bitcoin showing how aggressive is the market, how much

(01:12:41):
money is there, and if there's more money Bitcoin to
go up, if there's less money, bitcoing to go down.

Speaker 2 (01:12:46):
You think we talked about whether the things we chuckled
about in the officers Trump's new smartphone.

Speaker 3 (01:12:52):
Trump mobile, gonna Eric Trump is the vice president, Okay,
I'm Trump Mobile.

Speaker 2 (01:12:57):
Come up with come up with this, this sell phone
that he is going to be made in the United States, Okay,
And every single analyst said, it's never gonna happen. You
cannot manufacture a cell phone Trump scratch in the United
States and sell it for four hundred and ninety nine dollars.
It's just not going to happen. So it's going to

(01:13:19):
be interesting to see whether or not the Trump's smartphone
is made in trying.

Speaker 3 (01:13:23):
To well, you know, the smartphone has a gold plated back.
It's not real gold people, just so you know, but
it is like etched has an American flag etched in
and an eagle that you.

Speaker 5 (01:13:34):
Got, Trump shoes you got and the Trump mobile.

Speaker 3 (01:13:36):
Plan is forty five dollars and forty seven cents because
he's the forty fifth and forty seventh president.

Speaker 2 (01:13:44):
I guess. And then you get your you get the
Mega account for your kid. There you go.

Speaker 3 (01:13:47):
I just feel like it. Economist Majors is cringing right now.
They're just like, how do you come up with your price? Well,
he's the forty fifth and forty seventh. Put your provate
bargin up.

Speaker 5 (01:13:58):
No price mechanism whatever.

Speaker 2 (01:14:01):
Hey, how about the new Corvette Did you guys read
about that at the fast one Fancy fancy fancy Tuesday
Chivvy unveiled unveiled the twenty twenty six Chivalrolet Corvette hyper Car.
It's going to be a souped up version of the
Corvette E Ray Hybrid that went on sale in twenty
twenty three. Similar performance output. It's going to have a
twin turbo V eight, but faster acceleration thanks to their

(01:14:26):
special electrification technology. It goes zero to sixty and one
point nine seconds under two.

Speaker 3 (01:14:35):
We've made it.

Speaker 2 (01:14:36):
Yeah, then the Porsche ty Can does that, It does
one point nine, So it's it's gonna be there with
the Porstcha tych n. Of course, the Porsche ty Can
probably gonna cost double what a Corvette's gonna cost. But
I will tell you mine does zero to sixty and
three seconds, and if I were to punch it, I'd
pass out. That is so fast. It's just it's I've
actually had times when I've I've tried to swerve on

(01:14:58):
a certain thing and I hit it a little bit
and it's just like kind of almost.

Speaker 5 (01:15:01):
Make it little too much.

Speaker 2 (01:15:03):
Yeah, a little too much, A little too much. My
head is not not quite built for that.

Speaker 1 (01:15:07):
You know.

Speaker 2 (01:15:07):
We talked about some of the provisions that the salt
deduction dollan. You and I talked about that a bit.
Do you see where that's been capped to ten thousand again.

Speaker 4 (01:15:15):
Yeah, by the Senate. Salt for those it's state and
local taxes.

Speaker 1 (01:15:20):
Right.

Speaker 4 (01:15:20):
House passed the new limit to be forty thousand dollars.
The Senate cut it back down to ten thousand dollars.

Speaker 2 (01:15:27):
And that's a big problem for blue state taxpayers because
that's where you're going to run into the higher prices,
the higher state and local taxes, because it cost a
lot of money to handle all these social programs you
have in a blue state. And so there's been a
lot of screaming about that.

Speaker 3 (01:15:42):
But yeah, you're telling me someone has to pay for programs.

Speaker 2 (01:15:45):
Yeah, this shocking, isn't it interesting. It is interesting.

Speaker 3 (01:15:48):
How does Europe do it?

Speaker 2 (01:15:50):
I don't know, it's crazy. Hey, you guys are big streamers, right,
we talked about cable versus streaming. Do you see that
the streaming represented in a streaming represent forty four point
eight percent of total TV viewership. It's the largest share
to date for streaming. Broadcast combine. Here's what I didn't get,

(01:16:13):
broadcast combined to forty four point two percent of TV viewing.
So broadcast being cable and local. So that now I'm
not well, I'm pretty good at math. Eighty nine percent.
Those two numbers come together at So what are the
other eleven percent? How did the other eleven percent watch TV?

(01:16:33):
Kind of strange.

Speaker 3 (01:16:34):
RFK and Donald Trump have kind of talked about possibly
stopping advertising from pharmaceutical companies in America. And for those
that don't know, we are one of two countries in
the world that allows pharmaceutical New Zealand. So if that
goes through, that's the death of cable TV for sure.
I mean, that's majority of the funding that they get

(01:16:55):
from pharmaceutical companies adspecial Right, and then think about CNN
or Fox like those companies, like, how do you how.

Speaker 5 (01:17:02):
Do you they sell gold to us. I guess that's
the only thing they're going to be able to do. Yeah,
for stell their ets that they try to get us about.

Speaker 3 (01:17:09):
Kirk, I don't know, like you, Yeah, that's that's a
big deal.

Speaker 2 (01:17:12):
You would have.

Speaker 3 (01:17:12):
That's a huge deal. So talking about how still fifty
percent of people if that goes through. I don't think
it ever would because they would disrupt too much. But
that's a crazy idea.

Speaker 2 (01:17:23):
My father was a lawyer, and uh I remember as
a young man he said, if the lawyers are ever
allowed to advertise to see end of the civilized world.
I think he was right.

Speaker 3 (01:17:33):
Either that or pharmaceutical company.

Speaker 2 (01:17:35):
It seems like, yeah, I'm fin of pharmaceutical but but lawyers,
you know, it's illegal to incite a lossit right, I
was gonna say, lawyers advertising for legal services. I don't know.
That's pretty borderline to me.

Speaker 3 (01:17:46):
Well, also, it's just like with pharmaceutical advertisings, like do
you act like you more no, more than your doctor.
It's like, oh, well, then you come in here. It's
like you see a stock pitch and you go to
your financial advisor, like, why are we not buying bitcoin?
Like I see it on TV. Everyone tells me I
need to be buying it, like it tells me it's
gonna be great for me. But it's like, is that
in your risk tolerance? They're just like a We are

(01:18:07):
just like a doctor does his own diagnostics. We do
our own diagnostics. We do the financial plan, we do
the risk talans questionnaire, and that's how we determine what
where your vitals are? Right, I mean we Otherwise we're
just shooting from the hit.

Speaker 2 (01:18:21):
Did you hear about Dutch Bros. The fast growing coffee company,
going to relocate their headquarters to tempe Ooh from Portland?

Speaker 5 (01:18:29):
From where?

Speaker 2 (01:18:30):
From Portland?

Speaker 3 (01:18:31):
And did you see that another Arizona news the CEO
soft Bank can't remember his first name. Last name I
think is like so or something. He already committed a
one hundred billion dollars to the Stargate project and now
a'l being I believe Texas, but in Arizona. He's talking
about building a one trillion dollar AI hub in Arizona

(01:18:52):
Masa Yoshi's son. Yes, that would be just insane. And
we already know about all the semi conductors. TSMC has
the biggest foreign investment in the United states in history
of the United States up there in Black Canyon, and
then we have Intel down south and the jobs that
are coming in, like the people are relocating and headquartering
in Phoenix. It's the state's getting big. It's getting exciting.

(01:19:15):
And I was talking to Dylan earlier. I'm like, buy
your house is now, because they're not going to get cheaper.

Speaker 4 (01:19:19):
Tusaus City Council is just okay to two hundred ninety
acres down down south by South tuc Soun area to
build a data center from one of them, come in
and come do a data center. Up to ten buildings
being built, created about three thousand jobs and then one
hundred and eighty thousand, sorry, one hundred and eighty jobs
continuing once it's built.

Speaker 2 (01:19:39):
Imagine what this place would be like without Strummer. I mean,
it would just be California. It'd be California. Yeah, be
California without the ocean, yeah exactly. Yeah.

Speaker 3 (01:19:49):
But with technology, it makes living a desert easier and
easier and easier, right, And I think that's why that
trend it's going to continue.

Speaker 4 (01:19:57):
The only problem we run into with doing all these
data centers and all these I buildings in Arizona is
the water up in Phoenix. They always they already have
the water issue low on housing development. These buildings are
gonna need a lot of water, so they got to
figure out. But there are companies out there that build
the coolant through a recycled version so that you don't
have to use more water constantly. So those got to

(01:20:18):
become more prevalent in building during these data centers.

Speaker 2 (01:20:22):
I honestly think the only hope for the for the
long term future of our water. Water is a huge
problem here, a huge problem. I think probably the I
should say I hope the best the best chances is
the Gulf of California desalinization plant. Pump it to pump
it to Phoenie.

Speaker 3 (01:20:40):
Yeah. I've heard that too personally from my mom, who's
in the industry home building. She says, water is not
the issue in building more homes. It's infrastructure, it's good roads,
it's land, finding land actually build on that people want
to buy houses in. If there's no land close to
a civil city, no one wants to. There's not too

(01:21:01):
many people want to be buying red rock.

Speaker 2 (01:21:03):
Right.

Speaker 3 (01:21:03):
As much as it's up and coming, it's still very
far out there, right, and so if there's not land
to be building on and you don't have roads, like
they're building Gliden farms out where I live, but there's
not great roads to get there. It's getting too congested, right,
So there's not great infrastructure and there's not great land.

Speaker 2 (01:21:18):
She says.

Speaker 3 (01:21:18):
The third issue is water and it's not even the
top two, which is a little bit of a difference
that I've heard.

Speaker 2 (01:21:25):
Yeah, I saw readers booming, uh, just crazy booming.

Speaker 4 (01:21:28):
Bale was booming too, Yeah, bales booming. And Michae Mountain's
probably going to open their second phase soon where I
think they want to get to four thousand students. They're
like twenty three hundred right now. What'd you call it
Michael Mountain Micah mount Mountain High School?

Speaker 2 (01:21:42):
What they call it Mica Mountain High School? Because there
is a Mica Mountain.

Speaker 1 (01:21:45):
You know.

Speaker 4 (01:21:45):
That's why I look at the rin Con.

Speaker 2 (01:21:47):
If you look at the rin Cons, there's two people.

Speaker 3 (01:21:50):
High school name after the ring Con Canyon High School
is Sabino High School. That's by Sabina.

Speaker 4 (01:21:56):
How about that the Foothills High School is at the FOOTTHELL.

Speaker 2 (01:21:59):
I guess I didn't realize that, well, was that well known.
I didn't really do it with a mica.

Speaker 4 (01:22:07):
It's a newer school. It's probably five years old, okay,
something like that. It's nice. It's got a lot of
land out there, and they want to do in two phases.

Speaker 2 (01:22:14):
So we got a we got Ridcon Peaks the other one.
So we'll look for a Rincon Pea High School.

Speaker 4 (01:22:17):
So you have Rincon High School in the middle of town.

Speaker 2 (01:22:20):
Is Rincon peak heighchol peak? Oh okay, No, we know
there's Rincon High School. We know there's Cantelina.

Speaker 3 (01:22:25):
I want to go to a mountain high school, a mountain.

Speaker 2 (01:22:28):
High school that's going to be right around the corner. Right.
How about how about Trump's immigration his his he flopped
on immigration again, you know he flopping well. He reopened
the arrest of immigrants working at hotels, restaurants, and agriculture,
backtracking on that brief repree we gave them because he
said those were necessary jobs. Most people had to be

(01:22:49):
left alone. On a related note, the Border Patrol in
May reported zero immigrants released. Zero immigrants released in the
United States versus sixty two thousand last May. Well zero.

Speaker 3 (01:23:04):
I actually talked to the Border Patrol aging yesterday and
we asked him that question too. We said, like, is
there still like is there less people coming across? And
he's like, yeah, there's less people, but they're still getting in.
And they said the way they get in is there's
these little passages in the border that allow animals to
go back and forth. Sure, and that's where they go
in through. It still happens. They're just this time they're
actually worried about getting caught, so they actually have to hide,

(01:23:25):
you know, and they not just like a straight walk
to walk in. You know, they're going straight to the
free they're trying to you know, there's it's how it
was in the past where it's how hard.

Speaker 2 (01:23:34):
Over a million people have self deported a million a million,
over a million, wow, have self deported.

Speaker 3 (01:23:41):
That's crazy.

Speaker 2 (01:23:42):
If you're in this country illegally, it's got to be
really uncomfortable.

Speaker 1 (01:23:46):
Man.

Speaker 2 (01:23:46):
I understand that we have a lifestyle here or quality
of life here that's probably above most others in the world,
but it's got to be a real uncomfortable place to
live if you're here illegally, just going out of the house,
going to the grocery store, going to work, whatever. Anyway,
we'll be back with the final segment, Rafters for four.
Thanks for joining us.

Speaker 5 (01:24:07):
Welcome back to the Money Matter Show. Money is Sebastian
Borsini here with David Sherwood, Dylan Greenberg and Toddaglick Junior.

Speaker 3 (01:24:14):
Well this week that was that was good.

Speaker 4 (01:24:16):
Nothing nothing else to that after that?

Speaker 3 (01:24:17):
No cool?

Speaker 2 (01:24:18):
Okay, then you had nothing to add. Nope, don't have
anything to add.

Speaker 4 (01:24:22):
Tesla's building China's largest battery saving plant. It's gonna cost
it's gonna be a five hundred and fifty million dollar project.
Who with Tesla really they just accepted a project over
in China, five hundred fifty million dollar project for battery powers,
which is when it's done, it'll be China's largest facility
like that.

Speaker 2 (01:24:43):
That By the end of course, said the batteries. They
probably hopefully they can sell the batteries to other car dealer.

Speaker 4 (01:24:48):
Car makers can not, byd and all.

Speaker 2 (01:24:50):
They have so many electric car makers over there that
there's a price war going on and they're actually selling
them for less than they cost to make them wow,
in order to get brand lo.

Speaker 3 (01:25:01):
You know, one of the big things that we keep
hearing when we do financial plans is the idea of
healthcare when you retire, how that changes because one of
the biggest times, well the biggest expenses that we don't
think about is healthcare because it's coming out of a
gross paycheck. You're not getting it on your net, so
you don't actually pay for it on a monthly basis
when you're working. But when you actually retire, that's now

(01:25:22):
an expense you have to pick up. So if you
retire before sixty five, that's obviously an interesting scenario because
you're not going to be on Medicare, so you have
to go to private insurance, and private insurance versus most
group employer health insurance plans are going to be quite
a difference in costs. So there's actually a way to
simulate this, and our financial planning software does this for us.

(01:25:44):
We put in when you want to retire, say if
you retire sixty three, it knows that you're going to
have two years of private insurance, so it will calculate
what annual expenses you could expect from out of pocket,
from deductibles, copays, premiums, all the things that be incorporated
with an annual healthcare expense budget, and then it will
put there for you and then it will show you

(01:26:06):
how it will normally goes down if you go into
Medicare right, almost always, because Medicare is cheaper, even if
you're on supplement. It's much cheaper than a private insurance plan.
But supplement versus advantage is very different. Most people don't
even know that there is a difference between suppleent or advantage.
If they do, they don't know what the difference is.
Supplement is going to be pretty much Medicare and steroids.

(01:26:28):
You're going to pay for it. You're gonna have the
pick of your litter. Anyone who accepts Medicare, you can
go see them. Where on the other side of the coin,
you have Medicare advantage, where's you're only gonna have that
one part B premium and it covers everything, but you
have to use their network. So say, for example, if
someone has unique health concerns and they don't want to

(01:26:48):
go to this particular doctor because they keep telling them
the same thing, you might still have to keep going right,
or you might not have that many options other than
that doctor because you have to use their in network
facilities on their Medicare advantage. So we have people in
our office one on advantage one on supplement. There's different
reasons for both, and that's why we have a Medicare
specialist that we refer our clients to talk about their

(01:27:09):
unique situation because some are on the Arizona ASRS or
TSP SIS FEHB, which is the Federal Employee Health Insurance Program.
So if you're on that, that's going to change the
situation compared to if you're just a regular public employee
with a normal group health insurance plan. So also factoring
at hsas and things like that, these are all things

(01:27:31):
that when it comes to health insurance, we can make
sure you're making the best, most right decision for your situation.
But we definitely don't just use ourselves. We use other
experts that are even more in tune with the field.

Speaker 2 (01:27:41):
That is the biggest issue for people wanting to retire
early is what to do about health insurance. There's something
that they almost never think about until they start talking
about it and go, what are you gonna do for
health insurance? Well, I'll probably go in the private market.
What could that cost? How about thousand a month?

Speaker 1 (01:27:56):
Oh?

Speaker 2 (01:27:57):
Really? So when I first went on, I'm a bit
of a vet Medicare veteran Sadly. When I first went
on Medicare, I told the guy was working with I
wanted the Cadillac. I wanted the best, and so I
got the plan f as in Frank, and I got
the supplements, and I was because this income adjusted I
was paying around eight hundred bucks a month for that

(01:28:19):
insurance coverage.

Speaker 3 (01:28:20):
What is that income adjustment called? Most people don't even
know there's income adjustment.

Speaker 2 (01:28:25):
I don't know.

Speaker 3 (01:28:28):
Yeah, I R R M A I RM. But is
actually we're talking about Once you're making over a certain threshold,
you're not just paying the base like you pay more
and then you pay more, and then you pay more.
There's different brackets, and a lot of people don't even
know there are different brackets.

Speaker 2 (01:28:42):
Social Security the same thing, right, social Security. The part
A i'm is income adjusted. So if I pay a
lot more than the basic amount because I'm still working
Part B, Part A, you already paid for Part a's hospital,
Part B part is already paid for them. Part B
is a supplement?

Speaker 3 (01:29:00):
No, pardon me?

Speaker 2 (01:29:01):
Is CC is Medicare advantage? I think? Anyway, long story short,
When I started off out, so for a couple of years,
I had the Cadillac and was talking to a friend
of mine. He said, why do you not have Medicare advantage?
Medicare advantage is free. I said, well, what's the downside?
He said, there is no downside, So I started reading
it like Todd said, you may have to go in network.

(01:29:22):
Ten years. I've had it and my wife has had it,
and not one single time has it ever been denied
by anybody. So I don't think that's a factor. It
has vision benefits the supplement did not have. It has
bental that the supplement did not have. It is night
and day better than the supplement program. However, you can

(01:29:48):
decide for yourself. But the no, I think if you're
on Medicare with a supplement, talk to somebody and see
if that's the best fit for you, because you might
find that the Medicare advantage is a way, or more
than fifty percent of people to sign up for Medicare
go with Medicare advantage. It's free.

Speaker 3 (01:30:04):
Well that's why to be fair as well.

Speaker 2 (01:30:08):
So it's free and it has better benefits.

Speaker 3 (01:30:11):
I mean, it does depend on the state.

Speaker 2 (01:30:13):
Right we've no Arizona.

Speaker 3 (01:30:14):
We're talking about right, No, if not all of our
listeners are Arizona.

Speaker 2 (01:30:18):
If you're in another state listening to US or another country,
than a whole other deal. But if if you're in Arizona,
there's something and the one thing I can tell you
definitively without even thinking about it, if you have Medicare
Supplement Plan F in frank you got to get out
of it. You got to get out of F. F
was converted to G by the government several years ago,

(01:30:42):
and the only people that are still in F are
people that can't go anywhere else. So your premiums are
just going to keep going higher and higher and higher.
If you are healthy, get at least get out of
Plan F.

Speaker 1 (01:30:56):
Yeah.

Speaker 3 (01:30:56):
Then the initial decision into Medicare is such a big
one because after that you have to go through underwriting.
So you don't have to go through underwriting when you
first go into Medicare. That's why I think anyone just
you talk with an expert, make sure you're having the
right decision for it, because it's so complicated not to
mention when you start incorporating like roth conversions and things
like that that would affect your taxable income that if

(01:31:17):
you are going to go to supplement, that's going to
impact how much you're paying, So there's a lot of
moving pieces and depending on which Medicare we choose, it's
going to impact the financial plan, you know, big time.

Speaker 2 (01:31:26):
So different plans I write for different people. What I
would say though, is if you have Plan F and
you are ensurable, you need to get out a SAP.

Speaker 3 (01:31:35):
But if you have questions, give us a call and
we'll connect you with. His name is Patrick Quigley as
his own Q and a group that specializes in just
Medicare decisions health care insurance.

Speaker 2 (01:31:45):
Yeah, because Medicare is one of those things you sign
up for and then you just quit thinking about it. Yeah,
you know, and this is one, unfortunately, that you can't
quit thinking about it because it's going to get slowly worse.
We see, Mathew and I were involved in Lulu Lemon
couple of times, and uh, they get They plunged earlier
this month on a selling and that's continued this week.

(01:32:05):
This past week.

Speaker 4 (01:32:06):
What happened.

Speaker 2 (01:32:07):
The Sock's down nearly fifty percent from his high. Now
high was hit eighteen months ago. This eighteen months ago
is now fifty percent. Still fourteen times earnings though, so
you have to say, well, the growth is not what
it used to be if at all fourteen times might
be a little rich.

Speaker 4 (01:32:25):
Well, we talk about it all the time. The competition
in that industry is just increasing by the day. People
were still cheaper auptions, better subscription plans, and people say, okay,
the offset of paying two hundred dollars for Lululemon or
fifty dollars for this company, I'd rather do this company.

Speaker 2 (01:32:40):
You said a few months ago too that you were
actually looking at buying some Lulu Lemon or was it
your girlfriend?

Speaker 4 (01:32:46):
No, it was me because I ended up going with
the fab Letics because it was some deal.

Speaker 2 (01:32:50):
And you did, you had you? You didn't go with Lululem.

Speaker 4 (01:32:53):
You want to know the stuff? Yeah, I did. I
went with somebody else, I mean Fables. The stuff just
fit me. Well, they had they took a big man's
section and stuff, So I don't know.

Speaker 3 (01:33:02):
I found out why Alphabet fell this week and it
was really on Friday. They fell three and a half percent.
And believe it or not, this can surprise you. Turkish
authorities launched a probe into Google.

Speaker 2 (01:33:14):
Oh muh, Turkeys, my why is it?

Speaker 3 (01:33:17):
For the reason performance? They have a Google Performance max ads.
I don't They don't like their ads. They have a
campaign going I don't like your currency Turkey. Who knows
they even had a regulatory body that met something.

Speaker 2 (01:33:32):
But Sea Best just recently bought a new car. You
should have got in a ram truck. Did you see
that one hundred thousand mile ten year warranty? I have
a fifteen year a fifteen year warranty or how many
miles for what.

Speaker 5 (01:33:45):
One hundred and fifty on the hybrid battery you got
the three five fifteen.

Speaker 2 (01:33:50):
Really that's fantastic because they were just a ram washt
outing this one hundred thousand mile ten year warranty as
being like the oh's the best in the industry there.

Speaker 4 (01:34:00):
I mean that's the truck industry though. Yeah, different than hybrids.

Speaker 3 (01:34:05):
On the whole thing, the whole truck, No, the whole thing.

Speaker 5 (01:34:08):
Yes, that is different than mine.

Speaker 2 (01:34:10):
Because the engine and the transmission to transfer case, the
drive shaft, differential axles.

Speaker 5 (01:34:15):
I got three years on the whole thing, five years
power train, and then fifteen years on the hybrid battery,
which Toyota's Yeah, it's differently than which Toyota actually just
extended the life of that hybrid battery warranty to fifteen years.
From ten years because they were having so much backline.

Speaker 2 (01:34:29):
Trug Ram warranty is far better than or Dodge Ram.

Speaker 4 (01:34:33):
Are they struggling for sales?

Speaker 1 (01:34:34):
Yeah?

Speaker 4 (01:34:35):
What was the reason behind having such.

Speaker 2 (01:34:37):
Is the Netherlands company? Yeah, that owns Chrysler, the Alfa
Romeo jeep, Fiat Mazarati. The company has seen their stock
drop more than fifty percent over the last twelve months,
so I'm guessing things probably aren't going that way. Something
I would agree, So I think probably that's that's what

(01:34:58):
what's related to one one company that is doing well?
Those Darden restaurantshow it's a tough environment for restaurants. The
parent of Olive Garden and the Longhorne Steakhouse doing just
find stock already up twenty percent strong opening on Friday
after they reported a strong quarter. More importantly, they reported
the next twelve months they see as being very strong.

(01:35:20):
I don't know how you can predict that in the
restaurant business, but they do. Anyway, we've come to the
end of another show. We thanked Dean for phoning in
his call. If the quality wasn't up to what you're
used to, we apologize for that, but we knew that
many of you would like to hear from Dean in
this environment and we all want to be happy, and
of course we all want to be healthy. Any Greenberg financially,
what we're really trying to be is profitable. See you

(01:35:43):
next week.

All Episodes

Episode Transcript

Popular Podcasts

Crime Junkie

24/7 News: The Latest

Stuff You Should Know

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}From AI to Immigration: How Global Uncertainty Shapes Market Opportunities

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Crime Junkie

24/7 News: The Latest

Stuff You Should Know

All Episodes

From AI to Immigration: How Global Uncertainty Shapes Market Opportunities

Crime Junkie