How AI, Crypto, and Tech Giants Are Shaping the Investment Landscape in 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Good morning, everybody. Is that time Sunday morning, eight o'clock
and it's the Money Matter Show with Dean Greenberg. We
do appreciate the fact that you take your time to
listen to what we have to say. We believe it's informative.
We know it's straight talk, and we try to give
you opinions, but we also always give you a solution
of what we think can help things get better. Common

(00:23):
sense approach, straightforward nobs. It's what we think, what we feel,
and then what we do is try to figure out
how we're going to make money for our clients in
these economic times, political times, global influence times. Everything is

(00:46):
influence on markets right now, and we just keep going higher.
S and P was up point six percent this week.
They're at one point five percent for the month, was
up one point five percent for the week, up two
point six percent of the month, up eight percent for
the year. S and P is up seven percent for

(01:08):
the year, so about equals the DAL kind of lagging
only a four percent for the year, down point one
percent for the week, and NAVEZAC was up, the Russell
was down, and the equal weight SMP is down, so
you know exactly what's going on again. The Nasdaq stocks,
the top AI stocks are driving the market. Well, everybody

(01:31):
else is trying to figure out where to go and
what to do. Excuse me, I'm uncomfortable with the heights
the market is. I like to see a three to
five percent pullback. If that happens, I'd be very bullish.
I do believe we're coming into a period of time
of August, September, October, which usually struggle, not always, not always.

(01:55):
If good things happen, they can happen, but there's we
have to be almost perfect for the markets. They go
much higher, they can, and they are, but a little
pause here would make me feel much more comfortable to
get set for not only the fourth quarter but all
of next year. The surprising part is that earnings have

(02:17):
been great, actually really good, better than expected. You remember
how everyone said, oh, they're going to get hurt and
people aren't going to spend money, and they're going to
look out into the future and say the tariffs are
going to hurt them. Well, guess what, they ain't happening.
The inflation numbers came in when it was expected two
point seven percent, a little bit higher than it was,

(02:40):
but exactly what it was expected. So how much influence
will these tariffs actually have are they even being implemented,
We'll see. But if I'm uncomfortable with where the markets are,
does that mean I sell everything? Absolutely not. What it
means this is that I mitigate risk a little bit,

(03:03):
which we started doing around the six thousand on the
S and P and it's almost sixty two and change.
But if I'm losing on my insurance to protect my portfolios,
I'm making money on the rest. When you mitigate risk,
you're not going to stop losing money. What you're going
to do is lose less, but it's still going to

(03:23):
put you in a position to make more, maybe just
not as much. I'm okay with being comfortable that way.
A lot of money that we manage for people and
put plans together for people is their retirement. We're going
to be conservative with their retirement money. We're going to

(03:44):
mitigate risk when we think it's the right opportunity, and
we'll get aggressive when we think it's time to get aggressive.
But right now, it's not in my mind to get aggressive.
If we do have a decline a pullback, I will
get much more aggressive. And the reason being is I
do think that we are in a philosophical industrial type

(04:09):
change with technology. This is like the industrial revolution of
the twenties. This is the technology second phase of the revolution.
The first ones in the nineties with all the dot
com companies and the Internet, and then we'll put the
cherry on top of the whip cream was the smartphones
with Apple, and that's what extended all these technology companies.

(04:33):
And you saw the Googles, the Apples, the Metas, and
then the video is coming out of nowhere making these
huge moves. There will be companies like the quantum commuters
and things like that that will turn out to be
the Googles and all later on. But trying to pick
which ones those are are very difficult. I'm very inclined

(04:57):
to stay with the Navidias, the AMDs, the broadcom all
the chip companies, the Googles, the Broadcoms, the Amazons, They're
all doing great. The ones that I'm concerned about is Apple. Technically,

(05:25):
it looks like you're seeing people sell down their positions,
not all of it, but selling off. You see more
money flowing out than flowing into Apple. As all these
other stocks keep rising, you don't see Apple really trying
to get past that. Two ten level. It is a
concern to me, and I've thought about cutting back my position,
and I probably will if it doesn't start to break

(05:47):
out a little bit. Here they're a little bit behind
the AI curve, which is where everyone's going and what's
going on. Do I know what the next answer is
and technology I don't. I just know that artificial intelligence
is going to create a lot of things that we're
going to want, and that's what's going to help us

(06:09):
with productivity and keeping prices down over the next three, five,
ten years, because once you pay for the computer, it's
not an ongoing labor charge. But they're also going to
become more residential and personal and not just commercial. No

(06:31):
different than computers. It computers were first that you remember
in the eighties and the nineties. They were for the
big companies that were able to afford these big rooms
to put these big computers in and be able to
do a lot of math equations and figuring stuff out. Well,
now they're going to use that for logistics and artificial

(06:53):
intelligence and all the things that need to be done.
But the next step here as we go, and this
is why I'm saying this is a a A three
five seven, ten, fifteen year move a robots, robotics, self
driving cars. These are things that are going to change

(07:15):
your lives, and they will get better and better and
cheaper and cheaper as the years go on. I equate
this a lot to the big screen flat TVs twenty
years ago. When the flat TV's was first coming out.
You know, to get a fifty inch TV that was

(07:37):
big and it was expensive. Then the sixty five Wow,
could you afford that? That was twenty five thirty thousand
dollars when they were first coming out. Now look at
the flat TVs. Look how great they've become. Four k
a k HD. They're bright, there's one, they're thin, and

(07:59):
you can pick them up for a good one for
twenty five hundred dollars, an okay one for twelve hundred bucks.
Fifty inch screens you can pick up for eight hundred,
six hundred dollars. That's how I equate what's going to
happen with the robotics of the future. In order to

(08:21):
get to where that all is, you've got to build
it out the infrastructure, and the infrastructure comes from all
these big energy centers, the AI centers, these big these
big places are doing which needs a lot of energy.
So you have the cooling that goes into it, you
got the chips that go into it, you got all that.

(08:42):
So I'm not looking at who's constructing it from the
concrete side. I'm looking at who's building the guts to
it and what's that going to happen and where that's
going to go. And it's the big companies that can
afford these billions and billions of dollars to put towards
hundreds of billions dollars towards these mediciners, these big, mega,

(09:04):
mega centers that are going to produce what we need
to continue to go forward to do what we're doing. Now,
there's a downside to this, which you know we're all
concerned about, is if everything is done by computer and all,
what are we going to do about actually personalities, people

(09:30):
talking to each other, people interacting. We're going to lose
that personal relationship. So those of us that keep personal
relationships and can still relate to people are going to
be the ones that are the most successful. If you
just behind and behind a computer screen, then it's going
to be a problem. You know, I mean, look at

(09:53):
the whole world of dating and mating and stuff. It's
it's totally changed the amount of kids people want. I mean,
you know, people have children because they want to have children,
but that family like ideal is not as prevalent as
it used to be. You know, the artificialness of dating

(10:18):
on these apps, you're looking at pictures. Does that picture
do something for me? And you're not get to know
what's under the hood. You know, it's hard to get
to know people. Love comes from what's inside, not what's
on the app, just the outside. I mean, at the
end of the day, there's a lot of great things
that are going to happen, you know, And they always

(10:41):
revert back to the Jetsons, which you don't think about it.
In the sixties and the seventies. The Jetsons they had,
they had robots that did the stuff around the house.
They had cars. The only thing that they had they
had those flying cars, which we have some but we're
not there yet. But we're going to have automated cars

(11:03):
by just having just get in the car and letting
them take us someplace. But what they did have is
the phones that you were able to see people through.
We have that in our hands now. Think about all
the stuff that they had that they put out there
in the future that's now coming to fruition and where
we're going to be in twenty five, fifty, one hundred

(11:26):
years from now. Most of us aren't going to see that,
but the generations behind us will get it, and they're
not even going to understand what it's like. It's like
us trying to think about what it was like to
travel by horse and buggy and didn't have a car,
well the first time they got into an airplane and

(11:47):
the dangers from then compared to now and how fast
cars go and electric cars. Now, this is the evolution
we're in right now, people, and it's going to keep
growing and it's going to keep going and going and
going because people just keep building on what they see.

(12:09):
So from that, what does that mean? That means I'm
going to continue to stay invested in the in the
big cap, large cap megacap companies that are going to
one trillion, two trillion, three trillion, four trillion. So you
need chips for that, you need you need you need
computer time for that, you need people that are able

(12:31):
to look at what the AI space is about and
everything else. AI is not going to replace workers. It's
going to replace work employees that don't know how to
use AI. So if you want to keep a job,
if you want to grow, if you want to make yourself,

(12:51):
you know, to the point indispensable, start learning about artificial
intelligence and how you can use it for your companies.
You do that, you're gonna always have a job and
it's gonna be great. Look at what Meta that Zuckerberg
is paying to other people hundreds of millions of dollars

(13:14):
bonuses just to come over. So instead of buying the
entire company, he's saying, I don't need the whole company,
I need the brain wave. And he's paying one hundred,
one hundred and fifty two hundred million dollars to come
over and work for Meta in the artificial intelligence area.

(13:35):
That's incredible. So they're going to be building up these
divisions where it all goes. I can't comprehend, but I
know this. It's all going in the right direction. We
just got to make sure that was restricted from it
from the band stuff. We gotta restrict the band stuff.

(13:57):
So there's gonna be a whole nother thing about how
we're going to secure cybersecurity. And so those companies crowdstrikeing
all they're gonna be immense. This is where you want
to be putting money going forward, putting money in AT
and T. Yeah, you're gonna get a nice dividend because

(14:20):
everyone's got to use their phones and it's a cash flow,
but you're not gonna make appreciation sitting there for a
long time. Same thing with Verizon. Cable's not going to
be that's what they were getting into cable. Streaming has
surpassed it all. Everyone is learning how to use streaming,

(14:41):
even us old people. Okay, you're able to flip around
the TV with one little remote control from streaming service
to streaming service to pick what you want. And if
you don't even want to do that with your fingers,
you just go ahead and head voice control and tell
them what you want and it goes to that very
very cool. Now, the people that in keep increasing the

(15:06):
streaming the Wi Fi. There's businesses there because we're gonna
need bandwidth. We're gonna need much faster and much better
ways of doing it so it doesn't go down or
interrupted as much as it does. What I'm doing is
giving you my synopsis of where I think the next three, five, seven, ten,

(15:28):
fifteen years are going and there'll be ups and downs twice.
Now you've seen the video go way up and get
cut down by thirty forty fifty and then come and
then not only go past where they were, but then
make up even more highs, new highs. And now they're
back into China, they're able to sell their h two chips,

(15:53):
the ones that aren't the blackwell but the little less
than that. And you know what, all of a sudden,
it's gone up and made brand new heighs again. And
one day it's probably going to get to two hundred,
and then it's going to break through two hundred and
be a two hundred and fifty to three hundred dollars,
and then we'll see how much more they can go.
Because then I think that you got AMD that's catching them,

(16:16):
then you got other chips in the business. I'm learning
more and more about the chips. I'm talking to people
that know a bunch about it, and we'll get to
talk about it later on. Understand who you are, where
you are, and you're investing to life. A lot of
people have come in and their biggest thing is you

(16:38):
don't I've accumulated a lot of wealth over time, and
I don't know how to deaccumulate it. I don't know
how to live off this. I don't know how to
change yet other than that, And if I stop working,
what am I supposed to do? Or I have stopped
working and all I do is pull it, I don't
know how to set this up. That's what we do.
We'll turn your aculated wealth into a systematic system for

(17:05):
you to de accumulate it and live on it and
feel comfortable and stress free. We somehow turn your your
growth portfolio into a income producing type of pension for
you for what we need. And then what if you

(17:25):
don't using it all? Then you can have some growth
on the other side still. But you know, you get older,
but you really want is cash flow that's important to you.
You know, you're sixty five, seventy years old. It's nice
to still have growth if you haven't a lot of money.
But where's that we're going to go. It's going to go,
You're gonna give it away, You're going to give it

(17:47):
in your estate and stuff like that. The chances are
you're not going to need that much more money if
you can turn it into an income stream that gives
you more than the money you need. On a monthly basis,
and if you can keep getting that check for the
rest of your life. It's a bell curve sixty five

(18:07):
to seventy and then all of seventy and then around
seventy eight to eighty two you're topping out, or seventy
five to eighty, and then the bell curve after eighty
starts going down because you won't spend as much money.
If you're lucky enough to have all your health, you're
still going to do stuff, but you're still going to
be more tired. Just talking to you straight up, you

(18:29):
spend most of your money when you retire between the
ages of sixty and seventy five years old. So if
you're taken a little bit more than you need to,
who cares. Because from seventy five to eighty you're going
to spend lesson. From eighty to ninety you're going to
spend even lesson. If you make it over ninety to

(18:50):
one hundred, where you're going. You ain't going around the world.
You're hopefully you're healthy enough to stay in your home
and pay for someone to come in and help you.
And that's it, that's realistic. That's the life it is now.
You have to set up and plan for that. And
if your people that want to travel around the world,
then you got to set up for that. If your

(19:11):
people that don't want to go do anything and sit
home and have hobbies, you got to set that up.
You got to make sure that you're in position to
do the things you want to do to enjoy the
rest of your life. I've seen so many people that
retire have nothing to do, and the retirement years don't
last very long. Don't get bored. Your portfolios are there

(19:41):
for you to be able to access to enjoy your life,
to do the things you need to do. And we
can set the portfolio up with what your mindset is
there and we'll tell you if it's not. If you
have a half a million dollars and you say I
want to take out one hundred thousand dollars a year,
it ain't happening. It could, but you're gonna run out

(20:03):
of money in seven eight years. But if you have
another way to do something, and okay, if that's your plan,
but if you need it to last her whole life,
you gotta find a better income stream. So let's wrap
this whole thing up and understand where we are right now.
Whether you like President Trump or not, it doesn't really matter.

(20:25):
But I understand and accept the fact that things that
he're getting done right now is gonna make this economy
take off. You remember just two or three months ago how
everybody was just bashing them because the markets were going
down when he first announced taris. You realize that they're
making new highs now and you don't hear a peep
out of the left, not a peep. People got scared,

(20:49):
and the more you hated Trump, the more you got scared.
And how horrible it was. Well, you also realize it
comes back up. No different when the markets fell with Biden,
I said, the markets will come back up despite in
spite of them. It happens because eventually we figure it out,
whether it's a Democrat or a public Republican, we figure

(21:10):
it out to grow the economy, because we know if
we don't grow the economy, if we're not always growing,
we're going to go bankrupt. We're finally finally looking at
stopping spending, we're looking at fraud, we're looking at taking
away things that don't belong to people and keep it
for us. But the biggest turnaround, and everyone was saying

(21:34):
for how long has Trump been in the pocket of
Putin and Putin? Well, you know what, think about this
situation right now where he just says, you know what,
he ain't cooperating. Basically, he's saying he's lying, and we're
going to do something about it. Now, NATO's going to
get behind Ukraine and we're going to go ahead and

(21:55):
put the pressure on Russia. So don't tell me has
anything to do with being in his pocket. Okay, nobody
wanted to look at Biden and being in China's pocket
or Ukraine's pocket and where he's making on getting all
these millions of dollars, but everyone always wanted to go
ahead and blame Trump to be with Russia. At the
end of the day, look what he's doing. He put

(22:18):
pressure on Iran. Something good's gonna happen from there. Okay, Israel. Yes,
there's some blow ups here and there, but there were
working towards peace there. We're working for peace everywhere. So
just think where there's not even six months in office,

(22:39):
Think about where we're gonna be in another year from now.
I'm gonna bet we're gonna be in less wars, if
if none, we're gonna put him more peace in the
Middle East as we go through. The terrifts are going
to betterfit us, which they've already done by one hundred
billion dollars in a very short period of time. And

(23:03):
regulations are gonna get cut and make it easier for
businesses to be able to participate in growth. And it's
going to be capitalism at its best. It's going to
go ahead and help the markets. And some of the
things he's talking about with giving money to new babies
and putting stuff away and thousand dollars here in stock

(23:25):
indexes is only going to buoyant the markets. I've always
said that's the way we need to turn and make
a plan for social security down the road where people
can have their own access their own social security by
putting their own money away and the employee puts the
money away with the employer and it grows for them
with restrictions. Same thing. But the thing I'd love to

(23:52):
see more than anything is a one hundred percent get
together Congress and let's have an immigration policy. We shut
down the border. The next thing to do is what
do we do with the people that have been here
ten twenty thirty years. Let's make them productive. The good people.
It's a lot of great people. We all agree with that.
Let's get rid of the criminals, keep the good ones,

(24:12):
and let's give them a path to citizenship down the
road ten, twelve, fifteen years. I don't care what it
is down the road, so we can all grow together.
I'll be right back. It's the Money Mount of Show.
Thank you for listening. Welcome back everybody. It's the Money
Matter Show. We got Dave Dylan, Sebastian Todd for a

(24:33):
little bit and myself to bring you all the information
we know to try to help you get through another week.

Speaker 2 (24:40):
And Todd's trying to get out of here to sedonas.
So we want to talk a little bit about crypto
because there was a busy week for crypto.

Speaker 3 (24:46):
Yeah, I mean Bitcoin right now it's around one hundred
and seventeen thousands traded off if it's a high of
one hundred and twenty three. But some other coins have
been getting a lot of attentions to Ethereum has been
out pacing Bitcoin over the last couple of months on
its return, as well as other coins like Ripple and
Solana has been getting some attention as well. A lot

(25:07):
of it this week is because of the legislation that
has been coming out with One of them is the
Genius Act we saw that was signed into law today
on Friday, and it established the first US federal framework
for stable coins. It requires full reserve backing, monthly audits,
and AML KYC rules. Basically just introduces them to the
traditional finance KYC that we all have to do in

(25:28):
our industry.

Speaker 1 (25:28):
Okay, so what what's going to be backing it?

Speaker 4 (25:31):
Well, it's a treasure.

Speaker 1 (25:33):
It's one to one backing.

Speaker 5 (25:34):
For cash treasuries.

Speaker 4 (25:36):
Yeah, so that's how stable coins work.

Speaker 3 (25:37):
Like Circle, for example, which just ipodic a month ago,
which is an absolutely crazy IPO. I mean I think
that's up one hundred and fifty percent. Well actually iPod
at forty and now it's like two thirty or something.

Speaker 4 (25:47):
But Circle, what they.

Speaker 3 (25:49):
Do is they'll when you give them a dollar, they
take that same dollar and buy a US Treasury. Well
what does the US Treasury do? It kicks off interest.
That's what they make.

Speaker 2 (25:57):
And if stable coin does not kickoff entry.

Speaker 3 (26:00):
Right, the sable coin just acts as a dollar. It
acts as a utility transfer. And why most people in
America don't see.

Speaker 4 (26:06):
The purpose or value of this.

Speaker 3 (26:07):
But what people don't realize in other country is getting
a hold of a dollar is very difficult and having
access to stable coins allows people in other countries to
get access to dollars very easily, and they're okay with
giving out that interest arbitrage to a company like Circle
and the other more used stable coin is actually called
tether and that's actually twice the size of circles USDC

(26:29):
stable coin.

Speaker 1 (26:30):
I'm still confused. There's no way somebody that is going
to go ahead and say the euro, which is one seventeen,
say oh, just give me, I'll give you one hundred
and seventeen. Just give me a dollar.

Speaker 4 (26:43):
No, no, no, no, So it's what you are.

Speaker 3 (26:46):
You're going into the dollar for the same exchange rate
that you would is if you're going into a euro
into a dollar. The stable coin is the same value
as a dollar.

Speaker 1 (26:55):
So does the stable coin now down the road become
the currency for the world.

Speaker 3 (27:00):
It becomes very easy for anything that's digital. And if
you think the world's going to continue to go into
the digital world, yes, And that's why.

Speaker 6 (27:09):
They're talking about the critics are talking about how Amazon
and Walmart, for example, they could come up with their
own stable coin to use for their own currency. And
then they're saying there's gonna be shadow banking and all
this stuff, and that's why people were against it.

Speaker 5 (27:21):
But it's idea.

Speaker 4 (27:21):
Think about what gift cards are.

Speaker 1 (27:23):
Okay, but so say Walmant does it? Who's backing that
one to one?

Speaker 4 (27:27):
Who backs the gift card the Walmart?

Speaker 5 (27:29):
Yeah?

Speaker 4 (27:29):
Right, I mean you you know then.

Speaker 1 (27:31):
That then obviously that what that stable coin will not
be as safe as the treasury stable coin.

Speaker 4 (27:37):
Well, it depends on what the backing is.

Speaker 6 (27:39):
Yeah, but if they back it with treasuries themselves, and
it's the same thing like todd saying, you buy a
twenty five dollars gift card from Walmart, you give them cash.
You give them twenty five dollars cash. That's the backing
of it.

Speaker 4 (27:49):
And imagine if you're Amazon.

Speaker 3 (27:51):
Think about it if you're Amazon, though, But if you're Amazon,
for example, you could say, hey, give me one hundred dollars.
I'll give you one hundred dollars credit and maybe some discounts.
And while you gave that one hundred dollars to Amazon,
they can either reinvest that money or they can just
sit in treasuries and earn that interest off that while.

Speaker 4 (28:05):
You haven't spent it yet. Same for gift card exactly.

Speaker 3 (28:09):
But it makes it a lot more easily because I
can now buy a dollar versus a stable coin. You
can't really buy a dollar worth of a gift card.

Speaker 1 (28:15):
So you just get rid of the gift cards and
now it's stable coins.

Speaker 3 (28:18):
And that's just one use case, and that's really the
only use CASEE had.

Speaker 1 (28:21):
Is a much bigger thing here. I'm just wondering international.
It would be really easy. I mean since I you know,
it was traveling all there trying to exchange dollars there,
and we got whipped off one day. Oh my god,
did we get hipped off? Because it used to be
you can go to the exchange places, because you can't
go to a bank over there unless you're a citizen. Okay, okay,
So we used to go to the exchange places. That's
where you got the best exchange. They killed us. We

(28:44):
didn't even see it. They got the whole thing. And
then when we're done and said they took twenty percent commission,
and we're like, what are you talking about? Where is this?
And they point to a little little thing they had
in the window. We said, let us go ahead, and
I want to cancel this. Then they point to the
other part and says, all trans I swear to God,

(29:07):
I gave them. I gave them fifteen hundred dollars, right,
fifteen hundred dollars.

Speaker 2 (29:12):
Yeh twelve hundred.

Speaker 1 (29:13):
Oh when you were done, I've even close.

Speaker 2 (29:15):
Well that's twenty percent.

Speaker 1 (29:17):
No, that was the commission on top of the exchange
rate of seventeen percent. I got eight hundred and some
on dollars.

Speaker 4 (29:28):
But that's not an uncommon thing.

Speaker 3 (29:29):
I mean, think about people who are like working in
this country sending money back to their relatives in other
countries and that Western Union tax. I mean, if you're
instead being able to just convert it into USDC and
send that to their crypto coin whilet over there a
lot easy.

Speaker 6 (29:44):
RP is taken off to it, which is Ripple right
the digital stamp on it, but you can change it
in currency is much easier and quicker.

Speaker 3 (29:52):
And they applied for a bank charter as long withst
stable coin circle. So those are the two cryptocurrencies, and
Ripple really taking off. I mean that things up like
one hundred percent in the last couple of months.

Speaker 1 (30:02):
So eventually there's no regulation on this, which they say
they have, they're going to need it. But that's what
this could be, the collapse like we saw of nineteen Oh.

Speaker 4 (30:10):
That's what the Genius Act is. It's regulation.

Speaker 1 (30:13):
They have to do it, they have to regulate it.

Speaker 3 (30:15):
It was just signed into law on July eighteen today.
So that's that's the big news that has helped all
this thing. And there's a couple others that I can't
come off the top of my head. There's there's one
other crypto Act that they didn't really get as much
backing behind.

Speaker 2 (30:31):
I think last week Jamie Diamond spoke for all of
us of a certain age when he said he doesn't
get the appeal of stable coin, but he also can't
afford to stay on the sidelines. JP Morgan Chase announced
that it'll launch a limited version of stable coin that
only works for JP Morgan clians. She says, we're going
to be involved in both JP Morgan deposit coins and

(30:53):
stable coins to understand it and to get good at it.
Diamond says, I think they're real, but I don't understand
why anyone would use a stable coin as opposed to
a payment and I really liked this as opposed to cash.

Speaker 1 (31:08):
Oh yeah.

Speaker 3 (31:08):
One other thing I liked about another act was the
Digital Asset Market Clarity Act, And it has the SEC
being the oversight organization, a regulatory body for tokens that
are deemed securities. And then the CFTC is the primary
overseer for decentralized digital commodities. So there is regulatory bodies
that are stepping into.

Speaker 1 (31:28):
Actually get a coin like a gold coin.

Speaker 3 (31:30):
No no, no, it's a token, just like it's just
like when you log.

Speaker 1 (31:33):
Into your yeah, so so, but we already have stuff
like that with venmow. How much different does this and
why is it so different?

Speaker 2 (31:42):
Todd said, because of access? Go ahead time right.

Speaker 3 (31:45):
And it's because of access. Other people in other countries
don't have ZEL, right. They don't have the access to
a digital dollar the way we do. They don't have
access to US banks that have ZEL to have US
dollars in the first place. And we're only three hundred
million of the eight billion that all want dollars. Everyone
wants a dollar because the most valuable currency compared to
all the other terrible currents.

Speaker 1 (32:04):
When I ran out of euros, I said, will you
take dollars ago, of course we will.

Speaker 3 (32:08):
And the other big act was the Anti CBDC Surveillance
State Act, And that's what we all can clap our
hands behind, because we definitely don't want a CBDC that
they can surveil all of our transactions. They could set
individual monetary interest rates for each individual person. If one
person's bad, you set a higher I mean it's dystopian
times too.

Speaker 2 (32:26):
I mean it's really what you're saying is a stable
coin probably doesn't have probably has limited usage in the
United States. Is that accurate?

Speaker 3 (32:35):
Yeah, unless it's like a mare company basis, or maybe
I'm not seeing something. But I think on international level
it's huge.

Speaker 2 (32:41):
Here's the eight hundred pound gorilla in that in the room.
In order to access stable coin, because it is a
digital currency, you need to have a computer and you
need to have Wi Fi.

Speaker 3 (32:52):
That's increased. I mean, if you've ever seen a third
world country, people don't have refrigerators, but they have a
smartphone in their hands. Yeah, you know what I mean,
somehow they're finding connection. The star Link right now is
really becoming excessively stalling. I really don't think the Internet
is in much of a problem, but that as to
your point day, that's one of the reasons that people
are saying the Medicare Act, that they cut out that

(33:13):
Medicare and now people have to report that they did
the twenty hours. Well, they don't have access to internet.
How are they going to be able to report it?
Seems like most people these days have access.

Speaker 2 (33:22):
Seems like most people have a smartphone at least. I
mean I see the homeless veers walking around town with
cell phones.

Speaker 4 (33:30):
Right.

Speaker 1 (33:30):
Well, then didn't Obama give out a whole bunch of
cell phones?

Speaker 2 (33:34):
I think my pastor, my pastor was.

Speaker 6 (33:37):
I think Biden had that the cell phones they gave
him aount a fe years ago.

Speaker 1 (33:41):
Yeah, who pays the monthly bill? I guess if you
have one of those phones that already paid government.

Speaker 2 (33:48):
My my, they got. The pastor of my church was
the pastor on the White Mountain Reservation, and he said
when that when Biden came in, he said, I knew
immediately what happened because all the flip phones went to
smartphones all all of a sudden, everybody had a smartphone
when before they had foot phones.

Speaker 4 (34:05):
So Jerome's not gonna get fired Jerome.

Speaker 2 (34:08):
Well, you know, Donald thinks Jerome is absolutely the worst
Federal Reserve chairman ever, and he would love to get
rid of him. And I cannot even believe who brought
him into the government. Do you remember, Yeah, how about Trump? Hey, Trump,
he's you're appointee. Okay, you appointed Jerome Paul. I don't

(34:29):
know that Donald even remembers that he appointed me Jerome Paul.
And kind of like Musk, right then the whole brujja
with Musk. You brought him into the government. Donald, You're
the one that brought him in. Maybe Trump needs to
be a litle bit more selective about his friends, huh.

Speaker 1 (34:45):
You know, I think at the end of the day,
that just proves that he isn't the one that really
makes the decision. You think he is, but he's not.
He's relying on all these other people to put people in,
and then when they don't work out, he's goes, who
did this?

Speaker 2 (34:56):
Well, Yeah, how could he possibly know? I can't all
he qualified people.

Speaker 1 (35:00):
He knows his vice president, you know, and he knows
people you know in his cabinet. Sure, but you know
the rest of them's very difficult.

Speaker 2 (35:06):
No, absolutely, but it's hilarious to hear him talk about
the worst federals or chairman ever and then he remember
that he's the one that appointed him.

Speaker 3 (35:13):
But I think with bitcoin, I still think like one
thirty four, one fifty after that. You probably you don't
think he's going to a million. Come on, well go
to a million by twenty thirty five. That's that's down
the road, Dave. We're talking about short term traders here.

Speaker 2 (35:27):
Yeah, I get it, I get it. It's where we're
We're coming down to the end of this segment. Mister Greenber,
you want to take it out?

Speaker 1 (35:33):
Yeah, we ah, Well, we appreciate you listening. We got
a lot more to talk about, so stay tuned and
stay on, and we're going to give you some great ideas.
Thanks for listening. Welcome back, everybody. This is a Dean.
I got Dave, Dylan and Sebastian here to take us
to the rest of the show.

Speaker 2 (35:49):
Appreciate Todd dropping by on his way out of town
to give us a little crypto update. Man knows crypto
better than the rest of us. Oh yeah, and uh,
for those of you that have no interesting crypto do
we apologize for the last segment.

Speaker 1 (36:03):
Yeah, but remember whatever we talk about in the show,
Guy's had some type of risk. Okay, everything has some
type of risk, whether we talk about it or someone
else talks about it, whatever, and you need to understand it.
You know. Greenberg Financial Group is a registered in advisory.
We work on fee based business and we have opinions.

(36:25):
Everything we do has some type of risk. Obviously there's
a low risk and high risk. You understand. We have
to figure out what's best for you and your portfolio.
But if we're not managing it, if we're not part
of you, you also have to understand it when you're
going out and doing yourself, So be careful about it.
Everything has risk, and we highly suggest you understand the

(36:45):
risk before you do any investing.

Speaker 2 (36:48):
And we always say nothing we mentioned on the show
is because as a recommendation for you, we don't know
your risk tolerance, we don't know your investment objectives. We're
talking about a lot of different investments, a lot of
different things there. None of that is specifically targeted for you.
None of them. Are we saying this is something you
need to buy.

Speaker 6 (37:06):
Yeah right now though, with the market set at all
time highs and they're still uncertainty with how much Terriff's
and all that, the terrafts are ever changing, and it's
a good time to double check your risk tolerance because
it's easy to just say I want everything, I want
to be as aggressive as possible when the market's growing up,
But we could easily see a downturn like we've seen before,
and it could turn quick, and it can turn aggressive,

(37:26):
and then all of a sudden, you're dropping more than
you can stomach. So it's a time to check yourself
on your risk and make sure you are in line
with what your long term goals are. That's ultimately what
it is, because short term hiccups like we saw April,
there's about a month, about a half a month worth
of downturn, and then the markets are up at all
time highs three months later. So if you're in line

(37:48):
with your long term goals, then you're okay. But if
you haven't checked that in a while, it's a time
to check this now rather than when the markets are down,
because then that's when the emotions kick in and you
get even more scared and want to sell everything.

Speaker 2 (38:00):
And with the NASDAG now forty percent from the April
lowe literally in a straight line, it seemed like just
throw dark by anything technology related and you're going to
be just fine.

Speaker 6 (38:11):
Well, we saw that and we've talked about it before
and after March of twenty twenty, when those hit the
lows all of a sudden, the markets just went straight
up pretty much from that time in twenty twenty through
twenty twenty one, and then we got hit hard in
twenty twenty two, and that's when a lot of people
started freaking out because they didn't know where to turn
because the bomb market got hit, the equity market got hit.
The risk tollers was too strong because for a year

(38:32):
and a half it was just throw a dart and
pick right. Now, all of a sudden, it's not and
they got to actually redo everything, and they're nervous. They
want to sell at the lows, and when you're selling
it the lows, then you realize it and then you
kick yourself later. So get ahead of the ball, get
ahead of the game in checking your risk. If you
haven't ever done a financial plan, come do a financial
plan with us.

Speaker 5 (38:53):
We always say it's free. We do it to help.

Speaker 6 (38:56):
We want to get you in line with what your
long term goals are so we can help you. Sounds
like the NFL is coming back.

Speaker 7 (39:04):
On the On the last segments, you guys were talking
about the stable coins. I just wanted to give one
little thing of input. The gift cards, for example, you
guys are using telling telling. That is a use case
for it. When you buy a gift card, you could
use cash, or you could use let's say, your credit card.
Right when you pay, when you use a credit card
like Visa, a MasterCard, you're gonna use You're gonna pay
what a transaction cost, which in theory Amazon or Walmart

(39:26):
will take that on. That's a way for these companies
to get around those transaction costs through credit cards, right,
and that'll be beneficial for the company in turn.

Speaker 2 (39:36):
Interesting to see what kind of legs a stable coin has.
The The general public is still about two thirds of
mistrusting of cryptocurrency. No, I don't see it as a
big deal in the immediate future. It's something that will
come over time.

Speaker 5 (39:52):
Yeah, I mean the crypto.

Speaker 1 (39:54):
But here's the thing about the bitcoin. There's a limited
amount a big coin. Correct. Okay, it's not like gold
where you can just keep mining and mining and mining
and just keep finding more gold or silver. Correct, you
just have so much you can mind the bitcoin and
we're getting there to the end. So then when once
institutions get involved and then the governments get involved, I'm

(40:15):
talking about long term, you know, ten twenty years from now,
where's it going to be? Okay?

Speaker 5 (40:21):
I mean, who knows.

Speaker 6 (40:22):
If it's a finite amount and we've mined it all
and all of a sudden becomes value, maybe it becomes
and if it replaces FIAC currency like dollar and stuff
like that, hard currency, maybe the bitcoin's like one hundred
dollars ethereum's worth twenty dollars.

Speaker 5 (40:36):
A shit, he served something.

Speaker 7 (40:38):
I think somebody, I think someone to consider too is
the fact that, sorry, I lost it.

Speaker 2 (40:44):
Well, considering that now, considering that bitcoin does goes, what
did you lose?

Speaker 1 (40:51):
Do you understand you're forty years away from saying that's okay?

Speaker 2 (40:55):
Yeah again, get away with that easily. Yeah, it's senior
moment whatever, right.

Speaker 5 (41:00):
At a junior moment.

Speaker 2 (41:02):
But you know, because of the bitcoin, having that takes
place every two years.

Speaker 8 (41:08):
It's supposed to happen every four I believe is every
four years about so I think I think those are
two I don't know, but the bottom line is that
we're not going to have mind all of the bitcoin
to thirty five.

Speaker 7 (41:19):
To that point I recall, so there is a finance supply.
You also have to consider all of the bitcoin that's
out there, and it's just lost right because a lot
of people bought bitcoin back in the day and they
don't have access to go back and sell that.

Speaker 2 (41:30):
Well, you can stake the bitcoin too, which is essentially
pledging it to where it's never where you can't trade it.
And the majority of bitcoin out there is staked. It
isn't even being publicly traded, so that's one of the
reasons is so volatile. It's hit one hundred and twenty
three thoy two hundred last week, closed a week at
one hundred and seventeen and change down six thousand dollars.

Speaker 6 (41:54):
Crazy get a week again. It trades on the weekend,
so who knows. That's just for the ETFs to close it.
But it's gonna like Todd was saying, one hundred and
thirty five hundred and fifty thousand, we could easily see
it more. There's a lot of positive feeling towards.

Speaker 1 (42:09):
It and the reason it's so much in the news
right now because he just passed another bill. Yes, but
first President's but what's interesting about this bill is the
Biden administration tried to make it it was the worst
evil thing in the entire world, correct, And it's only
for criminals and only bad and everything else. And now
we're like, wait a second, we can have stable coins.

(42:30):
They're always to do things with bitcoin. So it's kind
of interesting the two different presidents and the administrations on.

Speaker 5 (42:39):
How they look.

Speaker 6 (42:39):
Administrations were polar opposite on ideas. Yeah, that's shocking to me.

Speaker 1 (42:43):
Well, all right, what else happened. There's a lot of
other stuff that happened.

Speaker 2 (42:47):
Probably the biggest thing that happened this past weekend for me,
for Dave Sherwood was the Grand Canyon, the North Rim
of the Grand Canyon. Lightnings caused fire started there last
week for service go out it under control. They surrounded
it with lines that wouldn't so wouldn't advance, and then
somebody went to sleep. The next thing you know, the

(43:07):
entire North Rim is burned down. A hotel that was
built in nineteen thirty seven burned to the ground, a
dozen cabins. Only ten percent of people that visit the
Grand Canyon ever go to the North Rim. The reason
for that is, think about this, the North Rim is
two hundred and twenty miles from the South Rim, or
twenty five miles if you walk across, which is what

(43:30):
I did. But I have a real soft spot in
my heart for the North Rim. It's very special to me.
And it's gone for now. Obviously they're going to rebuild,
but some Forest service snaffou caused a hotel has been
there's this nineteen thirty seven to burn to the ground.

Speaker 1 (43:46):
But would you say it's gone? It doesn't mean you
can still walk it.

Speaker 5 (43:49):
No, he's saying, no, no, the buildings are gone.

Speaker 2 (43:50):
You can't stay there. There's nowhere to stay. I suppose
you can camp there, I guess, but it's probably cinders
right now. It's going to take a while to come back.

Speaker 6 (43:58):
The Grand Canyon didn't disappear because of a fire, right,
but the buildings that were there did.

Speaker 2 (44:02):
They did, and then the hotels perched right on the
edge of the canyon. Absolutely glorious spot and beautiful views.
And he burned the ground.

Speaker 7 (44:10):
What do you guys think about the four one k
plans offering a private investments going forward? You guys hear
about that.

Speaker 2 (44:16):
We did.

Speaker 1 (44:16):
I was trying to figure this out of equity I
mean you could you still can have I mean, if
you if you have your individual four to one K plan,
it's legal to still be able to do partnerships in there.

Speaker 2 (44:30):
Now you can do some some you know what I mean.

Speaker 1 (44:33):
So I didn't understand what there was a big thing
about unless they were talking about the company sponsored ones
that don't allow any of that stuff in it. Right now,
that could be.

Speaker 6 (44:43):
I think they were talking about companies sponsor ones that
are usually pretty vanilla with six funds or mostly or
something like that.

Speaker 1 (44:49):
But to make it sound like it was law, and
I don't I didn't really understand because I don't know
the law says you can't have that like a limited partnership.
And now I thought when I was reading it about
like personal property and stuff like that, you can actually
buy a home using it, I thought that was what
they were opening up money that you can use from
your four one K without having to take it out
to go ahead and pay for the house. That you

(45:12):
can actually use money from there and it still stays
in your four one K.

Speaker 6 (45:16):
But I mean, it depends on how your four o
K was set up. If you have the stipulations where
we're already allowed to do that. That's fine, But a
lot of those bigger companies have it, so you're not
able to do that. So they don't make it private
equity and stuff, so they make it easier on the
regulations and all. And they don't have because they have
ten thousand employees and then they're with Fidelity. I get it,
best idea behind it, but it would, But it would.

Speaker 1 (45:37):
I guess what they're giving them the opportunity to put
it in. Say it's okay now, and then.

Speaker 2 (45:43):
Maybe you have your employer have a private equity being
one of the choices.

Speaker 5 (45:47):
I don't know.

Speaker 1 (45:48):
I don't need to, but you can do it to
an ETFs anyway, which is the only way I would
tell anyone to do it.

Speaker 6 (45:53):
Four one ks are becoming more and more customizable nowadays,
and they're just going to continue doing it.

Speaker 7 (45:58):
I rather that it was going to be like a
target date funds, you know, target date funds twenty fifty five,
twenty sixty five, and an allocation within that fund. Is
it going to be private placements?

Speaker 1 (46:07):
That's what I think it is. But the other part
is that that doesn't make sense to me with this
whole thing with retirement four one K plans and stuff
like that. We're trying to make it so they can't
get advice, you know what I mean with the whole
fiduciary of using a retirement account is even a whole

(46:28):
different level than just doing a regular account.

Speaker 2 (46:30):
The government's focus too much on cost and not on
value exactly, and not on value.

Speaker 1 (46:35):
Right, But to try to manage a Form one K plan,
nobody does it yourself, Yeah, unless it's your own, don't.
You don't You don't doing it for other people, you
know what I mean. We don't go out and say, hey,
we'll charge your twenty five basis points and manage your
Form one K plan because no one wants to be
responsible the way they set up the rules, and now
they're letting other stuff come in without being able to

(46:55):
have advice. So maybe that'll change. All right, We'll be
right back. It's the Money Matter Show. As you know,
we absolutely appreciate that you listen. You need help, just
give us a call. We'll be right back.

Speaker 6 (47:09):
Welcome back to the second hour The Moneymatter Show. Dylan
Greenberg here with Dave Sebastian and Dean Todd is up
in Sedona. He was here for the first hour talking
about crypto, because there's a lot going on in the
crypto market.

Speaker 5 (47:21):
If you're just tuning in.

Speaker 6 (47:21):
That Genius Act was passed on Friday, was signed into
the law. It has a lot to do with the
stable coins and all that stuff. And if you didn't
listen to the first hour, we do have a recorded
and you can look listen to it on Spotify, Apple Music,
any of those podcasts things for those of you just
tuning in. Though the Dow last week was down point
one percent, the SMP five hundred was up point six percent,

(47:42):
the NASDAC led the way up one and a half percent,
rus SOL two thousand was up point three percent, and
the equal weighted SMP was down point one percent. So
tech really helped the week. I mean, Nvidia just continues
to run. You have a lot of the chip stocks
were just doing well. Apple even seem to get a
little bid last week. We have a lot going on.

(48:02):
I did see this, speaking of a tech I did
see IBM cut two hundred workers and they replaced it
with AI agents and their goal is to have that
handle and now those bots handle ninety four percent of payroll,
leave requests, employee queries, all that stuff and they're trying
to have all the AI agents end up having to

(48:23):
deal with thirty percent of their back office jobs.

Speaker 2 (48:25):
What's an AI agent.

Speaker 6 (48:28):
Like kind of trying to say in a sense of terms, Yeah,
like a robot. Yeah, like like you go on to
help and like you got the AI agent that pops
up and says, how can I help you?

Speaker 2 (48:37):
That's what they replace these employees with robots.

Speaker 7 (48:40):
Right, yes, Essentially, have you ever have you ever heard
of a like have you ever called somebody and you
get a Google assistance? Like, what's the reason for your call?
What's essentially?

Speaker 6 (48:49):
So what these are and they're powered by their Watson
computer power and what they are doing payroll, they're doing
just back office work. And they want these agents, who
are their robots, their computers, to do with thirty percent
of their back office jobs by the next five years.

Speaker 2 (49:04):
I haven't heard the term agent use.

Speaker 6 (49:06):
It's becoming more popular. I hadn't heard until a few
weeks ago.

Speaker 2 (49:09):
Yeh, No, it's a good term. But if you understand
what it means, you.

Speaker 7 (49:13):
Know, I never want to see people lose their jobs,
but I do think that this is a great thing.

Speaker 6 (49:17):
Well, the thing is they cut two hundred workers but
they're not cutting back on their spending IBM, they're up
thirty percent for the year. They are shifting on who
they hired. They're hiring programmers, they're hiring salespeople. They're getting
rid of the mundane jobs that the AI agents can
take care of, which is what we've talked about for
the last year, that we think that's going to be
the first ones that get cut or the mundane jobs

(49:37):
like payroll, all that stuff.

Speaker 5 (49:38):
If you cannot have AI do.

Speaker 6 (49:39):
It, you're gonna be able to pay money to somebody
else that expands a business more.

Speaker 5 (49:43):
Think about where they're going.

Speaker 7 (49:44):
Think about all the administrative and clerical work that we
could just take away here at Greenberg Financial if we
had an AI agent's to do it.

Speaker 5 (49:50):
And that's what I did.

Speaker 6 (49:51):
I mean, IBM's had Watson for years, so obviously they're
going to be in the forefront of that. You know,
I bet, I bet Amazon's not too far off. I
bet to Google those companies probably already have a system
of that. But it's interesting in there. I mean, IBM
has been killing it. They're up thirty percent.

Speaker 2 (50:08):
Didn't It's absolutely amazing to see what has happened to
IBM and how they have come out as a leader
in AI and you kind of thought, this is a
technology stock that's kind of laying there sleeping.

Speaker 5 (50:19):
It's another leadership. Yeah, we've talked about them before. I
right into that. Are about their new CEO.

Speaker 6 (50:26):
He came from the ranks of IBM, been there for
twenty five years and when he took over, he's had
a They they were in a sense, their employees were
scared to innovate because they guess they had too much.
In a sense, they had too much trying to think
of the word I like people to talk to, like
you had this boss and that had that boss, boss,

(50:46):
boss boss, Yeah, too many layers, Yes, layers, that's the
word to go through to get anything done. So this
boss said, the new CEO said, we're giving you this.
This team is going to get all the teams are
going to get allocated, just hypothetically five hundred million dollars
a year's fifty million dollars to use. And you don't
have to come to me every time you want to
do something. I want you to fail, because the only

(51:06):
way you fail or the only way you succeed, is
if you fail with something.

Speaker 5 (51:09):
You realize it's wrong. How do you fix it?

Speaker 6 (51:11):
And ever since he implemented that philosophy, IBM's taken.

Speaker 2 (51:14):
Off amazing and it has been a tech driven rally.
We talked about the NAD deck coming forty one percent
off of the April lows during that same period of time.
I said, that's crazy, forty one percent off the April low,
and the Dow is up twenty one percent off the
April low. So what we need to do for this
rally to have legs is we need to have that

(51:36):
spread into other areas of the economy.

Speaker 6 (51:39):
Yeah, because if you look at it, the equal weighted
SMP is up twenty two percent off the April low, right,
just about half of what the dazdac's doing, which means
obviously is tech driven. But it's rally been tech driven
for three years. It has for four years, Like ever
since the Magnificent seven became a thing, this has been running.

Speaker 7 (52:00):
Last week, go ahead, I was just gonna say, I'm
impressed to see the Rustle two thousand and only up
thirty basis points this week. It seems like every single
day that I was in the office, I was looking
at small cap stocks just going up, going up, Archer Aviation.
You had a whole bunch of quantum stocks just going up.
You had you know, the USDC stocks going up. It
was ridiculous.

Speaker 2 (52:19):
Yeah, the when the Russell finally starts to outpace the Nasdaq,
then that's the end.

Speaker 7 (52:23):
You're still yeah, that's the end.

Speaker 2 (52:26):
The end of the rally. Yeah, because people are looking
under bed and behind rocks and behind looking for the
next thing. The find stuff and I want to buy anything,
but you know, so just again, it's like Dylan said,
it's a time to review your risk tolerance. We have
the ability to do that right, so.

Speaker 7 (52:43):
Of action, absolutely absolutely.

Speaker 2 (52:45):
How would someone do that?

Speaker 7 (52:46):
Yeah, you could give us a call at five two
zero five four four four nine zero nine and you
could well come in set it up. You could send
me your portfolio holdings and all run it through our
risk analyzing tool. As we know, we've seen a huge
run up in the tech sector, right, So as that happens,
you start to see a lot of these positions get overweight.

(53:06):
Where your portfolio might have started at a risk score
of sixty five, it might have jumped up to an
eighty at this point because we are so overrateed certain
positions within it very quick process. Like I said, you
could really just email me at Sebashiannagreenberg financial dot com
your holdings, I'll set up a reports and I'll send
it right back to you. You don't even have to come in.

Speaker 6 (53:25):
That's a part of the financial plan. It's free. Were
you're here to help. We're here to make sure that
you are in line with your goals for retirement for
the rest of your life, whatever it may be. Every
financial plan that we do is very customized and it's
unique to your situation. There's no right or wrong answers.
It's all based off your goals, your aspirations, your risk tolerance.

(53:45):
We can build a plan and a portfolio based off
all of that, so then you can sleep in night.
So inevitably when the markets do have a downturn, you're
not so scared because you at least know what your
overall goal is. You have a plan rather than just
shooting in the dark.

Speaker 2 (54:01):
And we hope that interaction results in you becoming a
client of ours. But if it doesn't, it doesn't, that's
not why we're here.

Speaker 6 (54:08):
We give you the risk analysis, we give you the
financial plan, all that before. Yeah, you don't have to
pay The only time you would is if you like
working with us and you want to open an account,
and then that's when the fees kicking.

Speaker 2 (54:18):
You want our skills, Yeah, then absolutely.

Speaker 6 (54:22):
Fiduciaries, we're straightforward fees. We're not going to sit here
and sell you one product just because we have to.
We're independent. We have the ability to invest in anything
that we want and have the ability or the idea to.

Speaker 2 (54:33):
As a notice, last week we got the CPI number
and the PPI number. CPI was up three tenths of
a percent for the month, which if you if you
multiply that, that's three point six. That's pretty darn hot.
Two point seven year over year, which is the highest
year over year since February, which adds some credence to

(54:55):
Powell saying not yet on race, not yet. I'm seeing
umber of different reports that people are no longer concerned
about inflation with the tariffs. I think that's foolish.

Speaker 5 (55:07):
Well, they're not as scared.

Speaker 2 (55:09):
They're they're not, They're no more scared than they were
before Trump started it.

Speaker 6 (55:14):
Yeah, back in February, but that's still higher than December
of twenty four. December twenty four was like two and
zero point seven percent when Trump got in in February.
I think it was the last time that I think
we saw the same article it was saying that's the
level that it's back to. It got up to I
think seven percent or something at that point during April.
Right now it's back down to The one year forecast
is four point four percent, the down five percent from June,

(55:37):
and then the five year outlook has dropped to three
point six percent inflation, which is down from June as well,
And that's much lower than it was in the last
few months, but it's still higher than the Fed wants it.

Speaker 5 (55:48):
It's still higher then it's been.

Speaker 6 (55:50):
But the idea that it is trending downwards, so maybe
the next few months it goes back. By the end
of the year might be at the exact same place
it was in December twenty four.

Speaker 2 (55:58):
Well, in consumers really they say what they one on
a phone interview, Dylan, but they're voting with their money.
Retail sales up sixtensive a percent after dropping nine tenths
of a percent in May, yep, up sixtenths of a percent.

Speaker 6 (56:10):
So I mean you're seeing CPI, like you said, up
point three percent for June two point seven percent year
over year, which was in line with expectations. You take
the core CPI was up point two percent and then
for the month and then up point or two point
nine percent for the year over year. Vehicle prices fell.
The apparel and the furniture though that increased, so a

(56:31):
little bit of offsets on different things. The big one
was PPI wholesale numbers that was unchanged flat and they
thought it was going to increase point two percent.

Speaker 2 (56:39):
I did see something on Tesla, the Tesla stock what
a ride, I mean, just it's all over the place,
and I saw that they're June sales. You know, we
know that the sales in Europe and in Asia had
been weak. In Europe's primarily a pushback towards Trump's towards
a Musk politics, and that may that may level off

(57:01):
now that he's kind of become the anti Trump, who
knows where he is from one day to the next.
With Musk, he's so volatile. Asia, it's primarily competition. The
Chinese have figured out how to manufacture batteries much much
less expensively than we do here, and so the Tesla
sales in Asia now saw reports that Tesla sales in

(57:26):
the United States in June were six percent below last year.
And doesn't that tell you that evs are just of
no interest to nobody. No, it doesn't tell you that.
If you read into it, it's the competition. You can't drive,
you can't run an errand without seeing an electric vehicle.
I remember it not that many years ago that when

(57:47):
I would see a Tesla, I'd go home tell my wife, Hey,
I saw a Tesla. It was so rare. But it
was so rare. But overall US EV sales in the
first quarter, overall, we're ten percent, yeah, above last year,
and last year was a record. This year is going
to be a record.

Speaker 1 (58:07):
What's wrong with Tesla?

Speaker 2 (58:08):
Nothing's wrong with Tesla other than they have a lot
more competition, more people. Yeah. My lease is up in
about eleven months, and I leased it because I was
concerned about battery technology changing dramatically. It hasn't. I'm still
concerned about it, so I'll lease my next one. And
I've been looking around, you know, like you do when
you know you're going to have to change cars in

(58:30):
the year. You start looking around, kind of paying attention,
kicking tires, and I'm looking in windows when I see them,
and so I honestly can find nothing that holds a
candle to Tesla.

Speaker 6 (58:43):
It's still interesting though, that you'll lease it because of
the battery thing, which it would be.

Speaker 5 (58:47):
That's a good thought. You buy it three years.

Speaker 6 (58:49):
Ago, you're like, Okay, the battery is probably going to
be much better, and it's not. How is it not
that should be the whole innovation of the market. How
is a competition not come out and try to find
a way to get four hundred miles on a charge.

Speaker 2 (59:01):
Couldn't agree with you more.

Speaker 6 (59:02):
It makes like to me that makes no sense, or
quicker charges. That's an issue too. The infrastructure on getting
more chargers around town, like gas stations, that doesn't seem
to be picking up too much from what I've seen
in Tucson at least. Maybe California might be different or
Phoenix might be different. But it hasn't grown as quick
as possible as you would think. With all the you're
seeing record sales each year. We keep hitting new record sales,

(59:24):
but it doesn't seem like the infrastructure or the actual battery,
which should be the biggest thing, is making any improvements.

Speaker 2 (59:30):
I agree with you one hundred percent. I mean, twenty
thirty mile more range than I got three years ago.
That'd be a big deal, you know, a big deal
maybe with.

Speaker 6 (59:40):
The AI boom. Yeah, it'll hit something in a year
or two. Whereas all of a sudden you get in
one hundred more miles. I don't know.

Speaker 2 (59:47):
Again, I've got for the next three years. Am I
Do I have the courage to buy what could ultimately
end up being a six year old cellphone?

Speaker 5 (59:54):
No, I wouldn't go because you have the same thought.
You knew this is gonna be okay, it has to
be better in three years.

Speaker 2 (01:00:01):
Go ahead?

Speaker 7 (01:00:01):
Did you add your grok into your Tesla?

Speaker 5 (01:00:04):
Ed? What grok?

Speaker 7 (01:00:05):
Do you know what that is? Grok is Tesla's chat
butt or Elon Musk's chat butt, like open AIPT. They're
starting to implement that software into your car. I was
just wondering if you'd used it before.

Speaker 2 (01:00:16):
There's almost not a day goes by that I don't
get some invitation from Tesla to do something miraculous. Right, Yeah, literally,
I'm not interested miraculous. I'm not interested in any of
it because everything extra that the car will do takes battery.

Speaker 7 (01:00:36):
Yeah, that makes sense.

Speaker 2 (01:00:37):
And you and one thing that's nice in the summer.
Here is I can put I can set my car
so that the interior never gets above ninety degrees. That's
pretty nice. One hundred and ten degree day.

Speaker 7 (01:00:48):
No doubt. Talking about competition for Tesla, Lucid Motors had
a great week this week. They went up about thirty
six percent, and that came after Oppress release. On Thursday morning,
Lucid sign up to deal with Uber that they're going
to lease about twenty thousand vehicles and deploy them into
their ROBOTAXI. I think that that's probably gonna be something
pretty good for Lucid. Lucid has, like I said, has

(01:01:09):
not been a huge form of competition for Tesla or
any of the other EV makers.

Speaker 5 (01:01:14):
That's interesting.

Speaker 7 (01:01:15):
I thought it was. I thought another thing that was
interesting with this is that the fact that's fifty or
maybe sixty percents now at this point of Lucid motor
stock is owned by Saudi Ramco.

Speaker 5 (01:01:25):
Correct, I gotta go broke, right, Sadier.

Speaker 7 (01:01:28):
Ramco, not Saudi Ramco, Saudi.

Speaker 5 (01:01:30):
Rasa, Saudi Adi Arabia, right.

Speaker 2 (01:01:32):
Yeah.

Speaker 7 (01:01:32):
So then on top of that you have Saudi Arabia
investing a lot of money into Uber which they own
about five to ten percent share right now. So of
course that's a good synergy that they're trying to you know,
mix in with one another. Will Lucid come up from
that three dollars to share right now?

Speaker 6 (01:01:47):
It's interesting because Lucid is was, or I at least,
was trying to be more the luxury electric car, where
it's one hundred, one hundred fifty thousand dollars for a car,
and now they're going to switch it into deploy twenty
thousand for Uber. It's like they needed to get more
out there and start getting sales before they just exclusively
do electric. The other interesting electric company which is I
mean Linda has the Jaguar. Yes, they just cut all

(01:02:10):
their combustion out. They just stopped all the production. They
went one hundred percent ev. I don't know how it's
going to work out, but it's very interesting that a
company with that legacy just said screw it to everything
they are.

Speaker 2 (01:02:22):
They are the parent company of Jaguar and land Rover
are both the same, and they are really not very good.
It's a great car. Yeah, we've had no problem with
the car, but as far as getting parts, if you
have an accident, oh my goodness, trying to get a
quarter panel.

Speaker 5 (01:02:39):
So the way they run it's just not good.

Speaker 2 (01:02:41):
Oh my goodness. It's a very poorly run company. In
my opinion, is just.

Speaker 6 (01:02:45):
So shocking that a company that big and that long
outstanding of status is just like with their cars, and
like you said, they're good cars, just scraps everything.

Speaker 2 (01:02:53):
We bought my wife's suv in twenty twenty and we
were told then that you're lucky you're getting this Jaguar
is about to go one hundred percent electric. Crazy, and
so that finally that related to that. But let's talk
about Lucid for just a second. What a great deal
for casta Grand. Oh, I mean, what a wonderful thing

(01:03:14):
for Castle Grand because Lucid was just you know, pumping
out like one vehicle a week or something. You know,
they won't selling a lot of vehicles, okay, but that
they got this contract to build twenty thousand and interestingly,
weimo uses the Jaguar Suv and I thought, well, gosh,
how's that going to work with Uber? Because you know,
a Lucid is kind of almost like a lowrider. If

(01:03:36):
you look at it's wide, it's low, it's big, it's
like a Lincoln Town card doesn't do much for me esthetically,
and don't What I saw in the news release was
an is suv? Oh really a reasonably cool looking suv.

Speaker 5 (01:03:52):
So they just shifted part totally.

Speaker 2 (01:03:55):
So if they're going to pump out twenty thousand of these,
and these SUVs are going to be available to the
public in the fall of this year, Yeah, and they're
gonna pump out twenty exus becausef.

Speaker 6 (01:04:04):
You're doing straight ubers with it, it's easier for most
people to get into a small suv than trying to
sit down into a car.

Speaker 2 (01:04:11):
A lot of the time, especially a luxury car, there's
kind of wide and.

Speaker 5 (01:04:14):
Lower to the ground.

Speaker 6 (01:04:14):
Yeah, or the ground is like especially for older people
that like the uber, that's a little hard to get into.
They'd rather step straight into it like a like just
the small suv.

Speaker 2 (01:04:23):
Yeah, absolutely absolutely so I thought that was really good
for casting. Interestingly, in a related story, CEO Mary Bara,
who's the CEO of GM, said that they would be
one hundred percent evs by twenty thirty five. Last week,
she announced a new battery technology, but she also said
the level of e B production will be dictated by

(01:04:45):
consumer demand. Which she said was below expectations.

Speaker 5 (01:04:49):
That's a smart way to go about it.

Speaker 2 (01:04:51):
Yeah, she said, I'd argue that the battery technology and
I would I put on my note I put. I
would argue that the battery technology has been bulow. Expectation
always talked about that if they were to put and
I've said, if they were to produce an EV with
a range of five hundred miles, it would sell like hockcake.
Why would you ever need an ICE, an internal combustion

(01:05:11):
engine car.

Speaker 5 (01:05:12):
Why that can get us from Tucson to La.

Speaker 2 (01:05:15):
Yeah, right now, right now, If you have just one car,
you probably don't want it to be electric. You probably
don't because it can go anywhere I can get. We
had a client here in Tucson took his Tesla Model
Y from Tucson to Florida to Miami and back, and
I asked him about I said, was it. How big

(01:05:36):
of an issue was it? And he said, not really
at all, He said, because I determined the first day
that my car's range was greater than the range of
my bladder. So you know, he had to stop and
pee every one hundred and fifty two hundred miles and
plug in the charger.

Speaker 7 (01:05:55):
Another strategic little highlight from Loosen Motors CEO Mark Winterhoff,
which just step then recently, by the way, start a
note on the call of that's automakers are starting to
use spare Arizona capacity, Lucid's capacity that they're not using
currently to bypass terraffs. Right, So other automakers are asking
to use their facility.

Speaker 5 (01:06:14):
Yeah, because it's huge, it's a huge ump out.

Speaker 2 (01:06:18):
Yeah, they're not they're not billing on they have, so they're.

Speaker 5 (01:06:22):
Gonna blow up.

Speaker 7 (01:06:22):
That's good, start renting it.

Speaker 2 (01:06:24):
I think it's great for Cassa grant and great for Arizona. Absolutely,
So that's that's wonderful news. Hey, housing, we keep to
watching housing. The weakness in housing continues to grow, continues
to strengthen, if you if weakness can strengthen, kind of
an odd concept, but there is a segment of the

(01:06:44):
housing market that's performing very well. I'm not sure it's
the kind we want to see. The data from the
National Association of Realtor shows one point one million people
bought their first home last year. One point one million
bought their first home. That's down fifty percent from the
historical average, and the lowest in over ten years. Well home,

(01:07:06):
But however, the rental market is booming because of affordability issues,
because of interest rate interest rates now a record forty
seven million rental households in the United States, well because
of twenty six million.

Speaker 5 (01:07:22):
Corporations.

Speaker 6 (01:07:23):
They're buying up homes and then they're renting them as
Blackstone does that.

Speaker 5 (01:07:27):
It's it's a big issue.

Speaker 2 (01:07:29):
Harvard did a study dealing where where they estimate that
at current price and rate levels, buyers need during one
hundred and twenty seven thousand a year to afford a
median price home.

Speaker 7 (01:07:40):
Yeah, I was going to say, it's just a cash
flow of thing at this point. It's like with interest
rates so high, if you're looking at, you know, shopping
for a house at three to five percent interest rates,
now you're looking at six to seven your payments is
going up exponentially, I mean, at least fifty percent.

Speaker 6 (01:07:55):
I also saw an article about people just taking their
homes off the market because they don't want to slip
the price. They're not selling the homes because they're too
much and the rates are too high. But instead of
cutting the price to sell the home, they just take
it off the market. So people aren't in a rush
to sell. Apparently they want to sell, and it's a
little it's the market issue. I mean, from the last
five years these houses have doubled, but so of the rates.

(01:08:18):
So now all of a sudden, you think you can
get the same price for your house that you were
going to sell for five years ago, but it's going
down because of the demand. But then they're saying, screw it,
I'm just gonna keep it.

Speaker 2 (01:08:27):
It's interesting to say that because I was driving home
Wednesday night and my neighborhood's a small neighborhood for a
little historic district. Homes are high six figures and out
in front of one of the homes was for rent.
I've not seen it for rents. I've lived there twelve years.
I've never seen a for rent sign. Yeah, but I

(01:08:47):
think that's consistent.

Speaker 5 (01:08:49):
Told what you were just saying.

Speaker 6 (01:08:51):
Yeah, because maybe people are just gonna rent and try
and wait out the rates. With the sentiment that rates
are going to drop sooner rather than later, maybe people
are just waiting now.

Speaker 2 (01:09:00):
Well, I think the feeling that probably the market is
soft here and you're not going to get the price
you want.

Speaker 6 (01:09:05):
So but also, I mean you got houses. Housing price
is so high. Remember how when the rates dropped the
three percent, which I don't think they're gonna do this
time around, But they dropped, and then all of a sudden,
the value of the house is exploded. I don't know
if that's going to happen this time around, within five
years doing it twice.

Speaker 2 (01:09:21):
The real real estate appreciation over the last fifty years
about three percent a year.

Speaker 6 (01:09:25):
Yeah, and it's about one hundred percent. But I don't
think you can do it again because people can't afford it. No,
But so that's what I think people are holding on waiting. So, Okay,
the rates are going to drop, I will sell my
house for three.

Speaker 5 (01:09:37):
Hundred more dollars.

Speaker 6 (01:09:38):
If it's a six hundred thousand dollars house, they're gonna
I'm to sell a fifty percent more, just like it
happened in twenty twenty. I don't know if the world
is that way anymore, the country is that way. You
got speaking of that, you got home builders of slashing
prices at the highest rate in three years. They continue
to see weakening demand for the potential buyers.

Speaker 2 (01:09:55):
Yeah, that was my tagline in the National Association on
builderstood They're slashing prices.

Speaker 5 (01:09:59):
Uh.

Speaker 6 (01:09:59):
Yeah, the average price reduction was five percent in July
or June, and I will.

Speaker 1 (01:10:03):
Give them credit.

Speaker 2 (01:10:05):
You're seeing a lot of growth in places like Red Rock, Morana,
saw Rita Veil, and that's that's all about drive to affordability.

Speaker 6 (01:10:13):
Yeah, but I mean this is National home Builders, YEP.
Arizona specifically, it is probably seeing quite a bit of
growth because also everything that's going up in Phoenix with
now Lucid is even building up Costa Grand. You have
the chip factories are growing. They want to put even
more infrastructure in there. We have a data center that'll
want to open up in Tucson. South of Tucson, they
got steel plants they want to open up in Bens
And if they're going to get that through we don't know,

(01:10:36):
but people like Arizona is a high demand state. Yeah,
California the leaving so maybe like other states are probably hurting,
but the idea. The builder's confidence rose one point in
July to thirty three. That's still seventeen points lower than
considered positive. Fifty is like the bar meter for anything
above is positive. So we're still very low on it.

(01:10:58):
And it's last July forty one so it's been low
for a bit. Price is just crazy high. Rates are
crazy high, but people are also being greedy.

Speaker 2 (01:11:08):
Last week we saw oil drop a dollar to sixty
seven fifty, We saw gold drop seven dollars to thirty
three forty nine. We saw bitcoin hitting all time high
and then drop six thousand bucks ended the week if
you use the ETF down one percent and we're coming
to the end of this segment. We'll be back with
two more segments. Again, like Dane said, we appreciate your
joining us, We appreciate you listening to us, Thank you

(01:11:30):
for being here.

Speaker 7 (01:11:32):
Welcome back to the Money Matter Show. My name is
Sebastian borers Cnam here with Dean Greenberg, David Sherwood, and
Dylan Greenberg. Did you guys see the market reaction when
they came out and said that Trump was gonna Firepoal Yes,
Ano reaction, Yeah, that was interesting to see the thirty year.

Speaker 2 (01:11:47):
Market market rate that like does not want to hear
about that now, the market does not want that to happen.

Speaker 5 (01:11:52):
And then thirty minutes later they said, I'm probably not
gonna do that.

Speaker 7 (01:11:54):
I'm not gonna do that.

Speaker 6 (01:11:55):
And the first of all, you can't just say I'm
gonna You can't just fire them. Has to go through
old process and that's to be costs. You can't just
fire him because you have differing opinions and policy.

Speaker 1 (01:12:05):
The Federal Reserve has to stay independent if we're going
to keep it in the Federal Reserve. Otherwise what have one?
Absolutely okay, but on the other side, you know, you
gotta leave your feelings out of it, right and again,
I bring this up all the time to the people
that say, well, you know, he's doing what he's supposed to,
not lower interest rates. He lowered interest rates in September,

(01:12:27):
the first time in fifty years any Federal Reserve chairman
went ahead and lower interest rates a month or two
before the election, and then right before the election. But
ever since then when the outcome was different, he will
not lower interest rates anymore, even though what we how
many were supposed to have four six, seven times they

(01:12:49):
were going to lower it. Remember, yep, Now I know
they have differences, okay, but you have to go over
and above it. And what Trump is basically saying is
we need to have lower low interest rates. The economy
is still going to go. The only part I'm thinking
that Trump should say, with that load the interest rates,
if the inflation all comes back, raise the interest rates again,

(01:13:10):
be a head of the game instead of building behind
the game. And that's the problem we have because Dave,
we were lied to about I think what was it,
what was the inflation called transitory? Exactly? Transitory? And he
just kept saying that and saying that, and all of
a sudden, three years later we still have it.

Speaker 2 (01:13:29):
Well, you did that the first day. I mean you
did the first week after that word was said. You
came on the radio and said, no, no, it's not transitory, right,
because this wages going back.

Speaker 7 (01:13:39):
What's the basis for him lowering the rates right before
the election? Like, why is that such a big deal
that hit? That's never happened.

Speaker 1 (01:13:45):
Before, because lower interest rates usually spurs on the markets,
right and the economy to make people feel good.

Speaker 7 (01:13:52):
Right, So right before trying to get and it was.

Speaker 1 (01:13:54):
Even higher from where it is. Okay, we've been coming down.
Maybe we have to get used to not two percent,
but maybe we're gonna have to get used to two
and a half percent if we grow ourselves out of it.
But the idea is this, and I know why this
junk wants to do it. We have way too much
debt right now, so when we're refinding also this debt

(01:14:15):
coming up, it's at a very high rate, which is
going to create a situation that we have less and
less money to spend. He wants to go ahead and
be able to have some more money to spend, but
and not on debt on other things.

Speaker 2 (01:14:30):
I think that there's a tremendous amount of uncertainty though,
with the tariffs and what they're going to do ultimately
once everything's in place.

Speaker 1 (01:14:37):
Well about the fact that we've already in collected about
one hundred billion.

Speaker 2 (01:14:39):
Dollars off, I think it was a wonderful and we
actually saw the federal budget was positive in May for
the first time, Like, how was that happened? That was wonderful.

Speaker 1 (01:14:52):
Well, that's what I'm saying.

Speaker 2 (01:14:53):
We are seeing inflation ticks steadily higher here.

Speaker 1 (01:14:55):
You know, it would be nice if the media would
take bias either side and actually looked at things the
way it should be, so the actual, the exciting, the
actual people that read all the bull crap on social
media would really understand that what might be true and
not just aimed to what side that they want to
go on. I mean, the thing is, if you just

(01:15:18):
went by social media, right with the tariffs and all
these other things, I'm market going down and coming, you
would think that Trump's ratings went down.

Speaker 7 (01:15:27):
I was talking to an old friend from high school
and as I was talking about are they I'm a
financial advisor, they know that's and they said, wow, what
a tough time to be a financial advisor right now? Huh?
And I said, we're at all time highs. I don't
know what you're talking about exactly.

Speaker 1 (01:15:40):
And do you realize that the CNN took a poll CNN,
he went from eighty six to eighty eight percent approval
of Republicans on the On the the Quinnipac he went
up two percentage points to ninety something. Okay, so no
one's given up on him. No, because the people that

(01:16:03):
like him, understand him, think he's doing a good job.
It's just the people that hate him. Take your feelings
out of it.

Speaker 2 (01:16:10):
That he couldn't do any right for many people, and.

Speaker 1 (01:16:13):
This could never do any right for the left.

Speaker 2 (01:16:15):
Yeah, yeah, I like that.

Speaker 1 (01:16:17):
I like that, No right for the left.

Speaker 2 (01:16:19):
That's kind.

Speaker 1 (01:16:21):
But Dave, even though we weren't fans of Biden, we
never were this negative.

Speaker 2 (01:16:27):
Okay, we didn't want him to fail, right, And when
I've told.

Speaker 1 (01:16:30):
People, listen, in my what I'm looking to do is
make people money, okay, or protect their assets as best
we can by seeing what's out there. So whether it's
a democratic Republican or whether it's terrorists or not terrorists,
I'm going to do what's best to protect our people
in his markets. And you can make money all the
time or lose less and then make it back.

Speaker 2 (01:16:53):
And I would like to think that that as a
lifelong Republican that had Biden come in like Trump, hit
the ground running like Trump and done as much in
six months as Trump has done, which is off the charts, crazy, wonderful,
that I would be good. Good for you, go Joe Go.
I've seen I hope he fails.

Speaker 7 (01:17:13):
I've seen trumpet more on TV than I did more
Biden his whole turn.

Speaker 1 (01:17:17):
How about letting you, Jedd, how about just letting him
talk and letting him be transparent. See, people hate, they
love to beat up Trump right now, but transparency is important.
And this is what I've always said, neither side really
ever lies. They take twenty percent of what could be true,
and they exaggerated to be able to be their side. Okay,

(01:17:41):
whatever it is, there's a little truth to everything, and
then they exaggerated. Wouldn't it be nice? Though? Like I
really liked the fact that he was against you know,
he had his problems with Ukraine in Russia and honestly
thought he could resolve that pretty quickly, and that's what
he wanted to do. But since it didn't happen, he says,

(01:18:02):
come out and said, you know what, I'm done with this.
I'm trying to negotiate with him. He doesn't want to negotiate.
We're gonna go help Ukraine and put pressure on him. Yeah,
you know what I mean. And the same thing with Iran.
Iran doesn't want to negotiate. We're gonna go ahead and
make sure that the nuclear bombs aren't there. So what
do we do? What does the media do? Well? You know,
they can be back up and running it with their

(01:18:23):
nuclear program in two or three months, yeah, I mean.

Speaker 2 (01:18:27):
And prior to the bombing it was two or three years.
Yeah on CNN they could be they can avenue go
up with their two or three years and then they
bomb them. It could have happened two or three months, you.

Speaker 1 (01:18:37):
Know, So really it's if you think about it, and
I've said this for a long time, if we want
this country to be great, the media can make it great.
It really could, because they can become transparent, they can
be honest, they can look at both sides and actually
asks good questions and get the answers and not to
and look at the and look at the positives and

(01:18:58):
everything rather than the next gatives and Everything's.

Speaker 7 (01:19:01):
Not going to make him the most money though.

Speaker 6 (01:19:02):
Yeah, for your salespapers, how are you going to fill
up twenty four hours of that?

Speaker 5 (01:19:06):
Yeah? If you just say the news and be done
in needs opinions.

Speaker 1 (01:19:09):
Because when you're on the negative side, you can come
up with solutions. When you're on the positive side, you
can keep relating it. How about that I could talk
for I could probably be I could probably be what's
his name on the floor they aren't talking. How many
hours did he talk? Twenty five hours?

Speaker 2 (01:19:24):
Yeah, you could probably do that.

Speaker 5 (01:19:29):
He'll go into his whole playbook too, So money filled
the time.

Speaker 1 (01:19:32):
Money would Let's talk about the economy from a football
stand point. Okay, okay, this is how we put the
plan together. This is what happens after the first half.

Speaker 2 (01:19:42):
Do you ever to see that clip of Marjorie Taylor Green.
Now Marjorie Taylor Green is Marjorie Taylor Green rights a
little different. But the guy asked her, do you worship
Donald Trump? Do you worship Donald Trump? She said, I
worship the Lord God Almighty, and Jesus Christ is myhavior.
What's your point, you know, do you worship Donald Trump?

Speaker 1 (01:20:04):
Well, she said something that she disagreed with him, and
then they were all over how great she is.

Speaker 2 (01:20:09):
I mean, are you kidding me?

Speaker 6 (01:20:10):
She disagreed with I think that Epstein files and now
they love her because they disagree. But yeah, I know
they're trying to get like a ruse out of her
by saying stuff like that.

Speaker 2 (01:20:19):
Talk to clients and he says, ask me how my
tesla was, and I said, fine, did he get any anybody?

Speaker 1 (01:20:25):
Let me shoot?

Speaker 2 (01:20:26):
And I said, I think that ship is saaled, hasn't it.
I mean, Donald's back on the back on on the
anti Trump again, right right where they want him.

Speaker 7 (01:20:35):
Trump Trump Muscus Anti.

Speaker 2 (01:20:38):
Muscus back on Trump's crap list, which is.

Speaker 1 (01:20:43):
On his crap list. He's just like, what are you doing? Yeah,
you didn't get your way, Stop acting that way. I
told you up front you won't go to we were
changing the e V.

Speaker 7 (01:20:55):
What's it called tax credits?

Speaker 4 (01:20:56):
What credits?

Speaker 2 (01:20:57):
Yeah, they're taking it away, right yeah yeah right, Oh
that's considering that most of the people that buy teslas
can't qualify for it anyway, what.

Speaker 4 (01:21:07):
Right?

Speaker 2 (01:21:07):
Because this incoming?

Speaker 1 (01:21:08):
Yet they're true so well, at least they stopped bombing
the teslas. Is that weird?

Speaker 2 (01:21:12):
Well, I don't see any Boddy doing anything protesting anything
anymore because Elon's why do they judge?

Speaker 1 (01:21:18):
I mean, it's so funny because they, I mean, in
January sixth was horrible. I ain't good at but that's
all the left does from the Summer of Love to
now with the ice, all they do is that. And
did you see that obviously you saw that the woman
in California who uh faked their own kidnapping from ice?

(01:21:40):
Oh yeah, yeah, you kidding me? Yeah? Are you kidding me?
And they were all above it, and they had and
they had officials come out and talk about how this
is horrible, this is not America, you should never happen.
These ice need to be abolished and all this other stuff.
But I didn't see when that she did this to
come out, I apologize. Where's he a hology for going

(01:22:01):
ahead and doing that?

Speaker 2 (01:22:02):
Why did they wear a mask? Are you kidding me?
You want to follow them home and kill their wife
and children? Why did they wear a mask? Are you
This is ridiculous?

Speaker 1 (01:22:10):
Have you never watched one of those criminals those shows
over in Europe? They all wear masks. Yeah, right right,
they'll walking around they all have helmets and masks on
the police over that.

Speaker 2 (01:22:22):
What a shame that in order to enforce the law
they need to wear a mask. That's the other side
of it.

Speaker 1 (01:22:27):
It's just awful.

Speaker 2 (01:22:28):
It's just awful that they have to wear props. To
one of our listeners last week, d you and I
were talking about we don't know what chips used for
what we don't know anything about? He sent us a
beautiful email. Uh knows everything there is to know about
these things, and I loved it.

Speaker 6 (01:22:44):
Yeah, and telling us about how the differences between CPUs,
GPUs A six and all that she started with the
years ago, and it was great. It was very insightful
from somebody who's been in the industry for a long time.
It's kind of start from the or infant age, and
I mean gp USE for graphics. CPUs are for central processing.
A six are for one task.

Speaker 1 (01:23:05):
That that's right specific and I never knew that.

Speaker 6 (01:23:09):
Sand and if we will get cut off on this,
but yeah, so like A six are chips has worked
extremely well for one task like Wi Fi. Those are
the type of chips that go into the Wi Fi.

Speaker 5 (01:23:20):
Then you got.

Speaker 6 (01:23:20):
CPUs and GPUs, CPUs or for your cell phones and
computers and stuff like that, GPUs or what NVIDIAs started
in and those are for graphics for like gaming and
all that. The biggest thing is with AI. They're saying
GPUs and CPUs are.

Speaker 5 (01:23:34):
Now blended that thought.

Speaker 1 (01:23:37):
Yes, when we come back, we're going to talk more
about this. But it was a very interesting, uh write
up that she gave to us on the knowledge because
she was in the business.

Speaker 2 (01:23:47):
Wonderful.

Speaker 1 (01:23:48):
All right, we'll be right back. Thanks for listening.

Speaker 6 (01:23:51):
Welcome back to the last segment of the Money Matter Show.
Before our break, we were talking about chips. It's all
the rage right now, the chip stocks, the chip et
chip companies, AI, all that stuff, and we actually learned
got some very good insight from somebody who's been in
there for a long time. Last week and we were
saying before the break that AI chips are a blend

(01:24:12):
pretty much of CPUs and GPUs chips, which CPUs are
central processing units, GPUs are graphic processing units, and then
you have a six which are one task.

Speaker 5 (01:24:23):
Very well, like a Wi Fi router.

Speaker 6 (01:24:26):
But what I guess inn Vidia has been doing is
blending the CPU and the GPU together and video starting
the GPU units. Now they got the CPUs and they're
blending them. But they also they don't make the chip,
they design it. They are the designer house and the
design house and all that. That's where Taiwan's Semiconductor comes
into play. And that was a big thing too that

(01:24:46):
I didn't realize how many companies Taiwan makes chips for.
They are the foundry, they are this. Everybody in Arizona
knows that huge Taiwan's semiconductor facility up in Phoenix got
built and they're trying to build more, and it is
a good thing that they're building in Arizona.

Speaker 1 (01:25:03):
That's what the Body administration did bring credit. He did
great with that, giving him the five billion dollars to
go ahead and build up there in Phoenix. But the
other one, though, Dylan, who got the money to him,
and they can't get it their own way.

Speaker 7 (01:25:15):
It's Intel.

Speaker 1 (01:25:16):
They do the boundary to why I mean, why why
is one doing so good at that?

Speaker 6 (01:25:20):
So Taiwan is the one that does they do they
build it for Nvidia, a m d D there's another
one that's escaping my mind right now, but also Broadcom
designs it for Intel. There's all these chips and that's
why these companies are also doing well in their own capacity.
They have they all do different things, and Vidia is
the leader right now. They had they figured out how

(01:25:41):
to blend them together the best for the AI to start,
but now other companies are trying to get it caught
up with it. A m D has the potential to
surpass them, and that's why MD has been doing really
well in the last few months. And funny enough, the
CEOs are cousins, so they're fighting family things.

Speaker 5 (01:25:57):
I don't know, but that's crazy great family. Yeah.

Speaker 6 (01:26:02):
Like like you were saying that Intel, they missed the
boat and that's the new CEO who's been there for
a long time, and kind of in the sense they
said it's like the last hope said that they missed
the boat on this they are behind. They used to
not be. They used to be the premier chip. They
are behind on this AI stuff. And now maybe they'll
shift to being the manufacturer because they have a plant

(01:26:22):
in Ohio, they have their foundry. Maybe they'll shift to
be more of the manufacturing side than rather than the
designer side, like Nvidia, like AMD. But Taiwan's Semiconductor is
the big one behind everybody, behind the majority of these
big chip companies.

Speaker 5 (01:26:39):
They make them.

Speaker 2 (01:26:40):
Not surprisingly new all time high last week for Taiwan's
to make Inductor.

Speaker 1 (01:26:43):
Yeah.

Speaker 2 (01:26:43):
I think I think Intel's saying that this is that's
our future.

Speaker 5 (01:26:47):
Yeah, you know what I mean. Yeah, Intel's had a
good year. They're up for the year. They just had
a crappy last few years because.

Speaker 1 (01:26:54):
They just around. They didn't know.

Speaker 6 (01:26:56):
What their identity was. In a sense, they were losing
their chip identity. They're trying to figure it out. They
realized they were behind. They got this new CEO and
he said, okay, this is our new path. And it
seems that the foundry and the chip actual making is
their new path, which is fine, make a.

Speaker 1 (01:27:09):
Company out of it. Taiwan Summi. Taiwan Semi cannot do
them all. No, they just can't they they were doing.
If we start everything in the United States, so Intel
might be a good one to look out for a
year or two where we can, you know, maybe get
the opportunity to double a.

Speaker 6 (01:27:26):
DMD is another one that is something to look out
for because that is Nvidia's largest competitor and they're coming
up fast.

Speaker 7 (01:27:33):
I agree to put it in perspective to a new
car twenty twenty five. New car has about one thousand
to fifteen hundred chips within that car. Right if Taiwan
Semiconductors is going to be the only one that's going
to be manufacturing these chips, I don't believe that's going
to be the case. There's going to be somebody that
needs to step in the game. Should be Intel.

Speaker 1 (01:27:50):
But there's no doubt, which is what I was telling
talking about in my monologue that if we have a pullback,
I'm still thinking three five seven years now. You look
at the A M D, you look at the video,
you look at the Broadcom, you'll good, tywhy Semi Intel
It's going to kind of get in there little If
you notice IBM. Man we talked about IBM when it

(01:28:11):
was one forty five, it's two eighty now.

Speaker 2 (01:28:14):
To eighty.

Speaker 1 (01:28:14):
Yeah, oh my goodness, all right, check it. I'm almost five.

Speaker 5 (01:28:19):
I'm gonna check you on that. I thought it was
two forty five.

Speaker 2 (01:28:21):
Yeah, I thought it was in the low two hundreds also,
but that's still that.

Speaker 1 (01:28:24):
Was two sixty something. Load didn't hang on anybody that the.

Speaker 7 (01:28:29):
Two five what eighty five?

Speaker 1 (01:28:31):
Oh, you're right. Tell us something about forty years of
experience of managing money. You just remember, you do? Okay, yeah,
you see something year. I don't remember what I had
for breakfast, but I remember what the stock was.

Speaker 4 (01:28:42):
They closed that.

Speaker 2 (01:28:43):
But as like as like three am, you know, three
MS for two years was at the bottom of the
Dow performance dock. It's now doubled in eighteen months. These companies,
these high quality companies, tend to find their way.

Speaker 1 (01:28:56):
They do well. What we talked about, we got into
it while ago, but it kind of fell from the
you know, twenty seven twenty eight fell down in nineteen
twenty and it's like lag and so you say, why
am I in this wile I can make money and
these other stuff?

Speaker 5 (01:29:08):
In a sense, we bought it before, but now.

Speaker 1 (01:29:10):
Now everything's run so much. Maybe it's a good chat.

Speaker 6 (01:29:13):
We bought it when we bought into Intel before a
I really took off too, because there's still a solid
company that had a pullback at the time, before we
knew that it was that far behind the ball.

Speaker 2 (01:29:22):
I've got a gal that was in my office this
morning and she said, and it's a small account. So
she said, I can't believe that I missed Nvidia. I said, well, yeah,
we all we would all like to have more Nvidia.
I can't believe I missed this. I can't believe I
don't I can't believe I don't have any I can't
believe I don't have to be bitcoin. Right. She's up

(01:29:43):
eleven percent per year for the last five years. That's fine.
So it's so hard to be an investor when you
hear all of these stories about all of these I've
got a guy a hike with on Tuma Machi.

Speaker 1 (01:29:55):
Has they have it if you in the index that
you have these stocks.

Speaker 2 (01:29:59):
But they want to have ustis right Hindsight twenty twenty.
I high with a guy on you on Tuma mok
he has seven bitcoins every price seventeen thousand. Well it
closed today one hundred and seventeen thousand. Well, I didn't
close it never closes. He's up one hundred thousand dollars
per coin. He has seven of them. I think that's
seven hundred thousands O.

Speaker 6 (01:30:16):
The thing is they all want it out, and that's
when you get a lot of people who's like for
bitcoin example, you're gonna get a lot of people that
buy in, and that's why that price could get jumped
up to one hundred and thirty five thousand or so.
But then people will start take profit, and then once
it starts to drop, it is just as volatile going down,
and that's when a lot of people will lose a
lot of money because they bought it the high and
then they sell them. Then they never want anything to
do with bitcoin again. And even when it was at

(01:30:36):
sixty eight thousand and it dropped down to twenty two thousand,
it's gonna happen again because it's gonna drop from if
it gets to one thirty five, it's gonna drop under
one hundred thousand, most likely because it's very volatile.

Speaker 2 (01:30:47):
I remember it hit an all time high of what
was it one o eight I think it wasn't. Then
it dropped to seventy yeah, and he didn't show it.

Speaker 1 (01:30:54):
I said, what are you doing.

Speaker 5 (01:30:56):
There's two to one.

Speaker 6 (01:30:57):
There's two thoughts on bitcoin, as you hold it forever
or you buy in at the high and get scared
and never touch it again.

Speaker 2 (01:31:03):
I think you have to. I think with companies like Nvidia,
companies like things like Bitcoin, you have to buy them
and just forget about them.

Speaker 5 (01:31:11):
Oh don't we talk about it all the time, Like
you're saying, She's like, I missed.

Speaker 1 (01:31:14):
It, but it's high way now. It would be hard
for me to just jump into.

Speaker 2 (01:31:17):
You have to take a partial position.

Speaker 6 (01:31:19):
Yeah, that's what I was gonna say, is like, she's
mad that she missed it, but it could easily go
over to two hundred. You don't know, So why don't
you buy a little percentage once, by a quarter of
the total?

Speaker 5 (01:31:28):
Get an idea of how.

Speaker 6 (01:31:29):
Much percentage of your portfolio you want in Nvidia, for example,
buy a little bit of it now, just so you
have some skin in the game.

Speaker 2 (01:31:36):
It was like what twelve hundred and before ten.

Speaker 6 (01:31:38):
For one went down to one to twenty, and then
it went down to like eighty five or something.

Speaker 5 (01:31:43):
Now it was back to one sets.

Speaker 2 (01:31:44):
One hundred and seventy. It could be one hundred and
forty it.

Speaker 6 (01:31:46):
Could be five hundreds, still the leader for the next
couple of years as they keep coming out in new chips,
and it's still one step ahead of a MD, of
ahead of those kind of companies.

Speaker 5 (01:31:56):
It'll still run.

Speaker 6 (01:31:57):
If they get caught or surpassed by a company like
a MD, that's when you'll see the pullback, and that's
when you have to start saying, Okay, maybe I should
take some profit from there, Maybe there's other companies to
get into rather than just video. But from now they're
the high flyer. They are the leader, and there are
right as of now, they're the one. They're once ahead
of everybody.

Speaker 7 (01:32:14):
Let's not forget they're getting into the robotic space. So
if that starts going for him, that could be another
catalyst for that company too.

Speaker 2 (01:32:19):
Speaking of stock exactly working, how about raytheon another new
all time high. It turns out World Peace is not Emine,
no Golden Dome, the Golden Domes.

Speaker 7 (01:32:31):
It's actually funny to see Ratheon do so good and
unlucky Martin just get destroyed lately.

Speaker 1 (01:32:36):
Yeah.

Speaker 2 (01:32:37):
Really, the movie The Other Direction, Yeah yeah, yeah. And Video,
which is of course the world's most valuable company, became
more valuable on Tuesday, after they announced they're getting the
nextport license to sell H twenty chips in China. Obviously,
Trump got some pushback on that because the White House
came out later and said it's only the nvidia's fourth
best chip. They're not getting the good stuff, and of

(01:33:02):
course not but why but China needs that, right, But
there's no reason to say that unless you're getting some pushback.

Speaker 6 (01:33:08):
Yeah, but that was an issue earlier, like a beginning
of this year. I think it was with deep Seek
where they said they were doing more with their AI
stuff with worst chips from Nvidia because they can't get
the premiere ones. Then shot GBT was doing with their
premiere chips.

Speaker 2 (01:33:22):
Yeah, you know. A poll of nine thousand recent college graduates,
Dean determined the course of study likely to give you
the best job prospect finance, and shockingly or not shock
the highest unemployment rate for engineer no no, no, Computer
engineering was down the list of ways the highest unemployment
rates anthropology and physics. So if you got a kid

(01:33:46):
majoring in anthropology with a minor in physics, you're ready
to help them out, all right.

Speaker 1 (01:33:51):
So before we wrap this up, what was the funniest
story we heard this week.

Speaker 2 (01:33:57):
Well, I don't think we can shed that on the air.
Oh you have another one?

Speaker 1 (01:34:02):
The cold Play? Was that the funniest thing? I mean,
I mean you think about it. Okay, people have fans,
they do other stuff. They go to a concert, they
go into life camp and it's the h R person
who knows the rules and you can taint.

Speaker 6 (01:34:20):
They set the rules of what not to do, and
then they're there with the married CEO and it's like,
if they didn't have that reaction, it never would have
gone viral.

Speaker 5 (01:34:28):
But the reaction is what made it go all over
social media.

Speaker 1 (01:34:32):
He duck down, She turned around, and their friend whoever,
the co working next to him was laughing so hard.
But I don't think they realized how once that would
go on social media until the Coldplay guy said, they're
either embarrassed or they're having enough fan You saw that.

(01:34:54):
You have not seen this? Oh my god, David, it's
all over. It's the funniest Sorry, I've ever seen it.
What who? I saw it on social media and the
Fox News place.

Speaker 2 (01:35:04):
What do you mean who showed it to your Fox News?
You're talking?

Speaker 1 (01:35:07):
I saw it on TV.

Speaker 2 (01:35:08):
I don't watch new It's not businesses that for the
last six months, I've been so happy.

Speaker 1 (01:35:14):
I thought it was the funniest thing I ever saw.
With that, we say goodbye, We'll be back next week.
Will your money matters? Everybody try to be happy. We
all want to be healthy, and until the end of
the day, we strive to be

Speaker 2 (01:35:29):
See you next week.

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