Money Matters: Markets, Geopolitics, and This Week’s Top Movers

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Good morning, everybody.

Speaker 2 (00:01):
It's that time once again, Sunday morning, eight o'clock right here,
seven ninety kynasty and this is Zean Greenberg bringing you
The Money Matter Show.

Speaker 1 (00:09):
The Money Matter Show is a two hour talk show.

Speaker 2 (00:12):
About everything that's going on in the markets, and we
talk to you as if we are the money managers.
We talked to you about what we're doing, what we're seeing,
how we think this is going to turn out, involve
We give you some insights to some ideas of what's
going on. We give you some insights on how to
trade it, or how to invest it, how to allocate it.

(00:33):
All those things are very very important as we go
through the navigation of the markets. You know, it's kind
of interesting too because the markets are so so tied
into everything going on right now. I mean, you know,
Tyris used to knock the market's way down. He comes

(00:54):
out with tariffs again and the markets kind of go
up a little bit. You know, it depends what the
tariffs are on, what they're not on. But at the
end of the day, the markets are doing pretty darn good.
This week, they were down about less than a half
a percent across the board. The S and P is
still up two point eight for the month, Nazac's still

(01:16):
up four point eight for the month, downs up one
and a half, and the equal weight to S and
P five hundred is zipo even for the month of September,
which you know when you look at the SMP, they're
usually down in September, So being up a little bit
is probably pretty good. But the equal weight, it gives
you much better idea of where we are. And they're

(01:38):
only up half of what's going on because the other
one is telling you that all the AI stocks, the
technology stocks are leading away. You know, a lot of
people tell me to like, can they keep going in?
What's going on? And I'm like, it depends how you
want to look at it. I believe it is all right.
So you either believe it is and you're going to
hit the volatility or you're gonna panic out every time

(02:01):
it goes down and you're gonna wish that you stayed
with it. And you know, it's It's kind of interesting
because the answer I always give them is, I believe
the AI is in the in the middle of a
second inning of a ten inning game, and they go
ten inning game. I said, yes, I said ten inning game,
I said, because if you remember in the nineties, when

(02:22):
was the last time we actually had this big move, this,
you know, like one that you kept saying, how could
this keep going?

Speaker 1 (02:29):
How could this keep going?

Speaker 2 (02:30):
And you know we were up, you know, twenty thirty
percent some of those years, and Alan Greenspan came out
and I think it was nineteen ninety six or so,
and he say said the market was too exuberant, that
he felt that the market was way overvalued and he
was concerned about it.

Speaker 1 (02:48):
All it did from there.

Speaker 2 (02:49):
Was probably go up almost I don't know, fifty or
one hundred percent more. From that time on, it just
kept going ninety seven, okay, ninety eight, ninety nine before
it finally hit the top in two thousand. So when
everyone thinks the game's over, I'm saying, there's another inning
to go.

Speaker 1 (03:07):
Why do I think it's.

Speaker 2 (03:08):
So so much that we can continue going. It's because
AI is changing the way we live, just like the
Internet changed the way we live. It started with computers.
It was the Internet. Faster it got the better it went.
We're still looking at faster and faster and faster, but
it's going to do things that we can't do as

(03:30):
human beings. It's going to think differently, it's going to
think dimensionally. It's going to handle problems that are so
complex that the human mind cannot do it. That's what's
going to change the world. Now, there's positives and negatives.
As we know, the positives are as we know. It's

(03:51):
in healthcare, you know biotech especially, you know the way
we way we're going to be able to treat people
anticipate things. Now, is that going to mean that healthcare
prices are going to go up or go down? I
say they're going to go down. And this is why
preventive healthcare. Catching things earlier will take away the expensive

(04:16):
operations later, the amount of medication that someone has to
take over a longer period of time because the problem
got worse and didn't get caught right away. I mean,
think about it when you catch cancer quickly, because we
all know that that is the one thing that we

(04:39):
all figure if you live long enough, everyone gets some
type of cancer sometime, but we haven't figured out how
to really cure it right.

Speaker 1 (04:47):
But if you find it early, you can take.

Speaker 3 (04:52):
Care of it.

Speaker 2 (04:53):
If you find it later, the cost of that healthcare
is tremendous and it doesn't usually the work on a
percentage basis. You know, eventually it's just sort of like postponing,
prolonging your life but not really curing it. If you
get rid of it early, you catch it early, I

(05:15):
mean minutely, like when women can catch just like dots
on their breast before it turns into big lumps. Men
can cat with PSAs, can find you know, cancer, colon cancer,
things like that. Quickly it can be taken care of.

(05:37):
But when it's later on down the w you know,
in highest stages there's a lot of the medicines costs
a lot of money, the operations costs a little money.
You're always going to see the doctor over and over again.
So I think the cost of healthcare comes down with
AI over time.

Speaker 1 (05:55):
I think that.

Speaker 2 (05:56):
The way we live will become a better in many
ways because things could be get done sooner quicker. Might
even be able to go to that four day work
week if we have AI, because it can do the

(06:16):
chores that you need, the jobs of people. The productivity
can go up some incredibly, which allow people to have
more time off, so the quality of life can go up.
But we all know one thing, right, there's always bad
actors and they can destroy it. And we see it
right now unfortunately in how good these spams are and

(06:43):
trying to coherse people into doing things that of just fake,
just fake stuff, trying to scam people left and right.
So be very careful with these scams. If it doesn't
feel fel right, don't do it. Okay, if it doesn't

(07:04):
feel right, don't answer, or do little research and try
to find it. But if you know, don well you
don't have something at a certain place, a certain bank,
a certain company.

Speaker 1 (07:16):
Don't respond.

Speaker 2 (07:20):
We've had a few people that have have been scammed
unfortunately that we know, with people that kind of have
these love affairs on the internet. No, and they scam
amount of money and I know it's embarrassing and people
don't want to talk about it. But be careful, especially

(07:42):
today with the AI able to impersonate people that you know,
that you trust. It doesn't feel right, don't do it.
You know people, the people you know, you know how
they talk, you know how they deal with things, you

(08:02):
know how they write. So when people come up, especially
in the offices, it's really funny when people get stuff
and said, I'm just following up on what Dean Greenberg
has asked us to do accounts payable. He said that
he knows that this has passed, do please submit this
as soon as possible. I mean, everyone knows there's no

(08:23):
way I would ever write an email to somebody like that.
So understand where it's coming from. Understanding people, and don't
get scammed. But going back to why I still think
that AI and these AI stocks and are so good
is because we're the beginning stages. We're at the beginning
stages of the industrial Revolution. In the twenties, manufacturing of

(08:49):
carse was a big thing. So what happened is people
were able to get from place to place. And think
about what happened after that as the airplane came around,
and obviously we got rocket chips after that, and jets
and you name it. Everything increases. Well, this is what
AI is going to do is take us to a
whole number level. Wars are going to be fought on

(09:10):
a whole different manner. But then when it's in the
hands of bad people, that's not going to be good.
So what we need to do is use the AI
to protect us, not just to to attack.

Speaker 1 (09:21):
We need it for defense. That's not going away.

Speaker 2 (09:29):
You know, these drones that you can't hear or see
that can just you know, pinpoint people in their living rooms.
That's scary in the wrong hands. So going forward, I
keep seeing it evolving and being great.

Speaker 1 (09:46):
Now we're in a.

Speaker 2 (09:46):
Different situation right now. Like you know, you always knew
that Fording Forward was a great company and all that
other stuff back then, But now you have all these
other good, great companies in the technology world. And I
know the small companies the one they're going to, but
which ones are those? So you got to sometimes re
spont and use ETFs. Let somebody else go ahead and
find the twenty thirty forty fifty that they think are

(10:09):
small ones and diversify. And all you have to do
is buy one ETF. That will certainly help. But you
got so many, so many facets of this AI. It's
not just the artificial intelligence. It's what's going to go
into these data centersts, these huge data centers. Electricity. How
are we going to get the electricity? How are we
going to cool them? So nuclear energy is going to

(10:32):
be big again, especially if we get it done well
while Trump is in, because Trump's the one that's going
to get it done. There's different areas there's different growth.
And now you might be saying, hey, you know what,
I'm seventy seventy five years old, I don't want to
deal with this and I don't really care. Okay, but understand,

(10:53):
your returns are going to be quite different than your
neighbor or the person that says, hey, yeah, I got
involved in this, and you know, I'm a you know,
twenty twenty five percent. Then you're up seven eight percent
as long as you're happy with that, and that's not
a problem. And that's why we always do planning for people.
We do the financial plan. You've got to figure out
where you are, what you're trying to do. We talk

(11:15):
about growing and growth and accumulation, and then when you
get to a certain age, you don't need to really
grow it anymore. You want to grow some of it,
but whatever that percentage of is fine. The rest of
it is about de accumulating. More and more I talk
to people, it is probably the most difficult thing for
most people to be able to do, is to do
accumulate the assets they've accumulated in such a way that

(11:37):
they feel comfortable so they don't stress out and think
they're going to lose their money. And that's all about planning,
and it's all about income. We talk all the time
of how you're going to get your income. Once you
don't have your income coming from you're an.

Speaker 1 (11:52):
Employer or.

Speaker 2 (11:54):
This, or however you will getting paid, but getting a
monthly check, how are you going to replace that? That
is the most important thing you're going to do.

Speaker 1 (12:02):
And usually what.

Speaker 2 (12:03):
People have to do is they have to raise They
have to get their income from their investments that they
made over the twenty thirty forty years that they were working.
And when that happens, you are in a good shape
to be.

Speaker 1 (12:20):
Able to do it.

Speaker 2 (12:20):
But what it is, whatever it is, and you're sixty five,
seventy years old, or even sixty years old, and you
decide to do it, you got to live on that.
You can't say I can live on one hundred thousand
dollars and try to live on two hundred thousand. Now,
if you have investments that do very well and you
made an extra fifty hundred grand that year and you
want to take care of that and go do something
with it, yeah, absolutely we encourage that. But it's one

(12:45):
ye're going ahead and you're pulling out of your principle
to do what you thought you were going to basically
be able to live off of the rest of your life.
Then that's a different story. Now as you get a
little bit older and you're seventy five eighty plus and
and your time limit gets less and less, sure you

(13:05):
can start dwindling your money a little bit more, but
you have to do it smartly, and you have to
do it with an idea of what your plan is.
But a lot of people have to start planning. It's
good to plan in your thirties and forties. But I
tell people, as long as you're putting away your money
in your retirement accounts, four to one k iras roth

(13:25):
irays are the best thing you can do.

Speaker 1 (13:27):
If you're young.

Speaker 2 (13:27):
I know you pay more taxes, well you're accumulated, but
think about this, when you take that money out, everything
it makes you will never pay taxes on it again.
So if you accumulate let's just say five hundred thousand
dollars in a roth ira, and you're going to take
out five percent, you're taking out twenty five thousand dollars

(13:49):
tax free. If you accumulate five hundred thousand dollars in
a regular four to one k plan, then you saved
on taxes the whole time. When you take that five
hundred thousand dollar, you are now going to pay taxes
on that twenty five thousand dollars. Okay, twenty five thousand
dollars tax is a lot different than twenty five thousand

(14:10):
dollars no tax.

Speaker 1 (14:12):
Think about that.

Speaker 2 (14:13):
If you're in your twenties, thirties, or even your forties,
put the money in a wroth ira if you can.
There's all limitations. But now if your four to one
K plans have a component that you can do it
also in a roth ira. Put the money in the
wrath and you're not getting the tax savings, but you're
getting the growth and savings, and you know down the

(14:34):
road it's going to be better off for you.

Speaker 1 (14:38):
If your employee does.

Speaker 2 (14:39):
Not have the roth ira component of your four one
K plan, then talk to him about it. If he
doesn't understand it or doesn't know what to do about it,
have them call us. We'll be glad to help them.
It is the best thing for you to do. Yes,
you can save some money, okay on you know, if

(15:01):
you're high wager and you can put away even if
you're a little older and you can put away thirty
thousand dollars that you know, and you're forty five years
old into a roth ira. I fifty years old, and
you can put thirty thousand dollars into a roth ira
and say you only have fifteen.

Speaker 1 (15:16):
Years to do it.

Speaker 2 (15:16):
That is still going to grow for you and be
better off for you, and then you can convert later
on with the other moneys.

Speaker 1 (15:22):
That you have if you chose to do so.

Speaker 2 (15:26):
So thirty thousand dollars, even if you're in the top
stack bracket, will cost you twelve thousand dollars a year.
But imagine how much money you're going to be able
to accumulate and then be able to de accumulate later
on when you really don't want to pay taxes because
you don't have any income coming from an.

Speaker 1 (15:42):
Outside source but yourselves.

Speaker 2 (15:44):
So that's why I definitely say understand the differences between
a regular four to one k a roth ira and
a roth forour.

Speaker 1 (15:52):
One K plan.

Speaker 2 (15:53):
Very important for you to understand those things and become
accustomed to how that can benefit you. But you have
to do it through a plan. That's how you have
to do it. You really do. Everything needs a plan.
Everything I tell her talk about this a lot, and
people go, what do you mean he needs a plan?

Speaker 1 (16:10):
I got a plan. What's your plan?

Speaker 2 (16:11):
I said, where's your written plan on what you're going
to do and how you're going to achieve the things
you want to do and when they change, how you're
going to fix it. Because plans aren't perfect, plans change,
you gotta fix it. You got to change it. When
things don't go right, you got to change it. It's
that simple. And that's what's happening right now. In America.

(16:31):
Things were not going right. Our borders were open and
people were coming in all over.

Speaker 1 (16:39):
So what we do. We voted for change, and that's
what we got. We got change. We voted for law
and order.

Speaker 2 (16:52):
We've voted for being safer, and that's what disadministration is doing.
But all we do is see people fighting in the
in and they're using this as a sense of saying,
in the protection of democracy, in the in the in
the protection of the of the constitution, we don't want

(17:16):
ice agents in here coming and taking people away that
are legal, especially illegal criminals. They are leaving people here
that shouldn't be here, that are criminals, especially to hardened criminals.
But it's okay for them to kill people and rape
people and steal from people and live the life of criminalization.

(17:42):
That's okay because they want them to be protected by
a constitution that they're not even protected by, by laws
that they're not even protected by.

Speaker 1 (17:52):
But it's okay.

Speaker 2 (17:54):
Because they believe the way to actually be violent actually
try to kill Americans who are working doing their job
as ice agents, trying to protect the rest of America
who voted for.

Speaker 1 (18:10):
Them to be protected.

Speaker 2 (18:14):
And they love to go ahead and use words like
the Gestapo and Hitler and Nazis, which personally is disgusting
to me because most of the people who use in
that terminology are not even Jewish. They don't know what

(18:38):
the Jewish people really went through unless they studied it.
Some of them don't even understand the Holocaust. It was
a totally different thing. If we in America really had
and felt there was a dictator that was destroying America,

(18:58):
not making America better, There's no way left right in
between would allow that to happen, because remember, the same
people want to destroy capitalism. Capitalism used to be pretty
accepted in the United States. It's less than fifty percent

(19:19):
of the people actually want capitalism.

Speaker 4 (19:22):
Now.

Speaker 2 (19:24):
This is because of the indoctrination of the socialist that
if you look at Europe, really doesn't work. What makes
people happier is working less and being given money from
the government and just doing whatever you can with it.

(19:47):
That's not what America is built on. They're not number
one economy in the world. They're not the number one
military in the world, and they're not the envy of
most people in the world. They don't come up with
the ideas the technology. For the most part, it's beautiful

(20:15):
when you go to Europe and you see churches and
and places that have been around for thousands and thousands
of years. It's incredible, no doubt about it. But we
thrive because of capitalism. We have an American dream because

(20:35):
of capitalism, and these people want to take it away
because they are indoctrinated to have their hands out, not
to be motivated being okay with mediocuity, but long what
comes with that are bad people that will take over

(21:01):
because you become weak. Israel.

Speaker 1 (21:06):
Israel, when they got attacked, became weak.

Speaker 2 (21:10):
They've always been alert, they've always been right away knowing
what's going on. They left their guard down, and because
they were trying to be more friendly and allowing people
to work in Israel that lived in Palestine.

Speaker 1 (21:27):
What they did not know.

Speaker 2 (21:28):
They were wolves in sheep's clothing, that they were being
infiltrated from within. Which unfortunately, if you think about what's
happened to us with these open borders for four years
and the type of people that have come in, not
all of them. There's some great people, now I'll talk
about that in a second. But the bad ones, building

(21:54):
centers of bad influences that want to destroy America. We
don't know they are. You and I don't know. Hopefully
the FBI, CIA, somebody knows. But there's so much corruption
that goes on there. We hope that they can get
that together. Governments are inherently corrupt, and maybe that's why
you got communism and socialism because you already know it's

(22:15):
corrupt or should not be corrupt. There's always going to
be a few corruptions. I mean straight up, inside of trading.
Inside of trading allowed by Congress is corrupt. When they
have a different health plan than you and I but
want us to spend all this money, that's corrupt. When

(22:36):
they have the best pension plan in the world and
make a job that's supposed to be for public service
into a a full time job for their careers.

Speaker 1 (22:48):
That's corrupt. And how they can walk.

Speaker 2 (22:51):
In and make a one hundred hundred and fifty two
hundred thousand years maybe and walk away with ten twenty
fifty hundred two hundred million dollars, that's corrupt. We know
they're not there for us because that they want changes
would be Congress needs to do something. The reason our
president is constantly doing these executive orders is because Congress

(23:11):
does nothing. They argue about everything. It's the same rhetoric
on both sides all the time. The bottom line is
real simple. We have gotten finally to the point that
we shut down the borders. When is Congress, one time,
which it'll been looking for decades, are going to give

(23:31):
us an immigration policy, one that we can work with
on both sides, one that we can say, you know what,
the system we have is so antiquated and it doesn't.

Speaker 1 (23:40):
Allow for things to come up.

Speaker 2 (23:43):
You know, the one thing we've noticed between air traffic
controlling and the FED and everything else, they have such old,
antiquated equipment, computers. Why isn't all these billions and trillions
of dollars they have going to make them better.

Speaker 1 (23:58):
Why isn't AI there?

Speaker 2 (24:00):
We don't need all these people working for the government
when you have all this new technology. Why isn't the
irs built on technology? I know they're getting there now,
and with AI and stuff, that'd be so much better
and simpler. And when we get to that point, we're
going to be in much better shape. This is the
Money Find the Show. I appreciate your listening. We got

(24:21):
a lot more time to go, so thanks, we'll be
right back. Welcome back everybody to the Moneymatter Show. I'll
hope you enjoying it. Could you believe it's going to
be thirty five years now? Coming in October? Thirty five years.
I've been doing the show every Sunday morning.

Speaker 3 (24:36):
So impressive, I mean, and that people want to hear it,
and the crowd keeps, the listeners keep growing, growing and growing,
and so it must be saying something that people enjoy
listening to.

Speaker 2 (24:46):
Well, obviously I wouldn't be doing this if it didn't work, Okay,
I mean, that's the one thing I always said. I
never got into doing this to be a radio talk
show host. Probably would have made a lot more money
doing it. You know, imagine like a you know, like
a rustling bar and all these guys and all. But
that's not the reason I did it. I always did
it to educate people about a subject they didn't know.

(25:10):
I always believed if you go ahead and you simplify
what you do and you can actually use words to
get it across to people and they understand it and
don't be one of these people that talk about people,
then the trust comes in. And our business it's all
about trust and customer service. Once you know that they
will trust us that we know what we're doing well.

Speaker 3 (25:31):
And I think your wife said at one point, you
have a gift that is priceless, and that is the
you sound trustworthy. You sound like someone people can trust,
and you are as someone who's worked with you for
twenty three years, you're extremely trustworthy. You're extremely honest. But
that comes across on the radio, which is I don't
know how you You can't buy that.

Speaker 2 (25:52):
You can't buy it, but you know they're and like everything,
there's an other side to it. Some people don't like
the straightforwardness this, and but I've learned to deal with that.
You know, you can't you like to play, especially if
you like to be liked by people. But if you're
going to be talk your mind, you're going to speak
your mind. You're going to have confidence behind what you

(26:13):
say and know what you're talking about. It's going to
turn some people off. I've experienced that.

Speaker 3 (26:19):
You know.

Speaker 1 (26:19):
It's pretty funny.

Speaker 2 (26:20):
Been here a long time since eighty eight, as you know, Dave,
and as I was growing, everybody was going for me,
you know what I mean? Oh my, for everybody, that's great,
All that's cool, you're on the radio and all. But
as a ten year to twenty year month kind of
came in, Boy did they want to tear me down.
They didn't want me to climb anymore. They didn't want
me to be successful anymore. They didn't want to do that.
And I think, you turn around, and this is what

(26:41):
I teach all these kids that I that I coach
and stuff, is that to be successful, you're going to
have to plow through a lot of times of areas
that are uncomfortable to you. That you know, you're going
to have people that don't even know you that are
going to say things about you, all right, and you're
just gonna have to deal with it. You're gonna have
to know yourself. And if you know yourself and you're

(27:02):
confident in yourself, then you're always trying to do the
right thing. And when you mess up, you you immediately
say it and apologize for it.

Speaker 1 (27:11):
You're better off in life.

Speaker 3 (27:12):
Yeah, no, I think so. I think so. It's a
it was an interesting week. Market actually had the first
down week of the month. We know that September is
the worst month for stocks historically, and we're also reminded
that history is simply a guide, not an absolute. Market
up every week this month until this past week, and
it was down what three tenths of one percent? Will

(27:34):
be right? Doll was down sixty points after rising one thousand,
a non event, and interestingly, in the backdrop, it was
mostly de momentum stocks that were getting sold off, which
makes sense. We've talked about that the high flyers are
the ones that are going to be hit the hardest
when things roll over. Oracle Oracle's been a really interesting

(27:56):
story to watch, the volatility of Oracle with this TikTok,
with the open Ai, with just everything they're involved in,
and there they're increasing amount of business that they reported
when they reported their quarterly results, they caused the stock
to have its best day in forty years, followed by

(28:17):
news that they're going to be one of the companies
running TikTok, followed by concerns that maybe they're not going
to have access to the TikTok algorithms. And if you
don't have access to the TikTok algorithms, you really don't
want to be involved with TikTok because that's the whole point.
You get access to names and behavior and that's the

(28:41):
priceless part of TikTok. And if Oracle is not going
to have access to those algorithms, then that's a whole
different story. So the stock runs up to from what
two hundred to three thirty five, and now it's back
at two eighty five or something like that. Surprising. Another
surprising thing that's going on behind the scenesity, and it
is interesting. Rates are slowly creeping higher.

Speaker 1 (29:02):
They always do that.

Speaker 2 (29:03):
Once they lower them.

Speaker 3 (29:04):
They do, but generally for a day or two and
then it kind of but it's the ten year treasury
when right after the lower rates drop below four percent,
now back to four point two.

Speaker 2 (29:15):
Okay, they've we're in such a different scenario, Okay that
this old school boat crop that I keep hearing the
out of the economists that really don't know anything, okay,
is well, you know, there's no way you're not going
to have all this inflation if you have a strong economy,
And why would you raise interestrates so strong economy? And

(29:35):
what I say is low in ingustrate, No, no, right,
low in interest rates into a strong economy. And I'm saying, guys,
wake up, it's the AI boom. Okay, you could have both.
You could have an incredible, incredible economy and still lower
interest rates, lower rates.

Speaker 1 (29:55):
Interst rates do not have to go up.

Speaker 2 (29:57):
You do not have to have inflation, because what you're
doing is cutting into the one source that I said
was the reason that we're going to have inflation, and
that was labor. And when that Molons went out and
started telling us that it was just temporary inflation, I said, here,
and you can go back and listen to the shows,
that's not true because it's not temporarily. It's permanent because

(30:22):
nobody's going to take less money this year, next year,
or five years from now, and everyone's everyone's bonuses and
everyone's increase in pay are going to be based off
all the wage increases we've had.

Speaker 3 (30:35):
And that's from someone who's employed hundreds of people over
the year. I mean, you actually have signed paychecking you
for hundreds of people for decades. I mean you knew
when Biden first used the term transittory that very weekend
you said, not a chance.

Speaker 2 (30:49):
There's no way, There's no way. I mean, all I
see is fees going down to clients and everything else
going up in price. So the only thing that offsets
that is what increase in your business. And people have
more money. So if you're based on a feed based business,

(31:10):
like we always have been since nineteen eighty eight, then
the more money we are able to manage. Even though
that the fee is much less today than it was
twenty years ago, we have more revenues coming in to
offset the higher increases and in expenses. That's life, man,
And they don't get that. They don't get that we

(31:31):
can grow this economy and businesses can make more money
even though we have a lower interest rates.

Speaker 3 (31:38):
What's an acceptable level of inflation do you think you know?
As the economist that we are.

Speaker 2 (31:45):
I mean, two to three percent is acceptable right now.
I'd rather see it under two percent. I'd rather see
one and a half two. I loved it when we
didn't have hardy any inflation and we had growth. But
that's going to be impossible for us. It canntinue to
do that. Okay, So, but inflation means you're going to
make more money, you're gonna it's gonna cost more money.

(32:07):
But then all you hear about is what, Dave, what
do you hear about when all this comes up? Well,
it's not fair to the lower income people. Okay, it's
never fair to the lower income people. What the low
income people have to do is start saying, how could
I get and how can we as a society lift

(32:28):
the lower income people up to the upper playing field
instead of tearing the people up from the upper.

Speaker 1 (32:34):
Playing field down to the lower playing field.

Speaker 3 (32:36):
Yeah, you know, it's interesting because in that same line,
when's yeah, I don't mail anything. I can't even remember
the last time I mailed something. I get a bill
from anyone if I if I can't do it online,
I call them. Right, here's my credit card number. I
don't mail anything. I was shocked. What do you think
that you might not know? You might know this. What's

(32:57):
the price of a first class poachry stamp? Right?

Speaker 2 (33:00):
Now I probably don't because I don't know less time
and did. But I'm going to say, ooh, dollar five.

Speaker 3 (33:05):
Oh well, you're very I would have thought like fifty cents,
seventy eight, seventy eight cents, seventy eight cents, right, So
I mean your dollar five is silly as my fifty cents.
I don't mail thing, so I don't know if seventy
eighthents you know that? And so I looked and said,
how much is that up? In the last twenty four years?
That's gone up one hundred and twenty nine percent. The

(33:26):
price to mail letter has gone up one hundred and
twenty nine percent in the last twenty four years. You
want something that will depress you, that's the rate of inflation, Dean, Yeah,
in the last twenty four years, twenty nine percent.

Speaker 2 (33:37):
But I take it to a whole number level there
with that. Okay, everyone's talking about the post office and
how it's going broke. When's the last time you heard
saw people laid off in the post office?

Speaker 1 (33:48):
We what do most people do?

Speaker 2 (33:50):
They FedEx the upsy, the over nights up Why Because
the US postal services became so inconsistent that you would
mail something and it still might not be there.

Speaker 1 (34:03):
Five seven days later.

Speaker 3 (34:04):
Got a client who had a check mailed from Nationwide
in Akron, Ohio to RBC in Minneapolis, Minnesota. Today is
business calendar day eight. It has not arrived exactly.

Speaker 2 (34:17):
And then once I mean, so right, now, what do
people do? They need to get something there? They'll do
the standards, second day mail or something. Right, you know
it gets it. Does it cost a little bit more, yes,
but you know it gets there. But how many things
that you used to send checks? Now it is just electronic.
I had to do it actually check the other day

(34:39):
and I said to G I said, is this still
the same number on here?

Speaker 1 (34:43):
I said, because I haven't used a check in four months.
I know it's crazy.

Speaker 3 (34:48):
Y the last time you balance your checking account? Who
does that anymore? Except my wife? No? I do it?
Do you balance your checking account?

Speaker 2 (34:55):
I balance my check about I use QuickBooks?

Speaker 3 (34:58):
Well there you go, so you're balanced. That did balances
for you?

Speaker 2 (35:01):
Well who else is in putting an outside? That's all balance?

Speaker 1 (35:04):
And a checkbook is you know?

Speaker 3 (35:05):
What do you think? God? Do you balance your checkbook?

Speaker 5 (35:07):
No? It balances for yourself.

Speaker 2 (35:09):
Now, yeah, well quick books you got to make sure
that you got the right stuff it and the numbers,
and when it doesn't not jop because you had a
fat finger and you put a ten in and rather
than maybe a one.

Speaker 3 (35:19):
My life, I'll spend a couple hours liking for a penny.
Really yeah, I have.

Speaker 2 (35:24):
Because it bothers me because numbers are numbers. And that's
why I don't understand. When we're looking at something and
one thing says it's this number, and another one says
it's this number. I go, it's a number. Okay, they
have to be the same. But then we came up
with a whole nother solution. All right, we'll be right back.
It's the Money Matter Show. I hope you having a
great Sunday.

Speaker 5 (35:45):
Welcome back to the Money Matter Show. My name is
Todd Glick. I'm here with David Sherwood and Dean Greenberg.
So we just got actually back from our first interactive
financial planning workshop that we held at lat Paloma Country Club.
It was today on Friday, and we had some great
attendees obviously, and a few people who don't know it
rained on Friday, so there was a couple people who

(36:07):
probably were not showing up or could not show up.
Because of the rain, so obviously we apologize for that.
We will be doing this every quarter, so feel free.
We're gonna update our website here probably in a week
or two with the new details of the next workshop.
We'll have it probably at the same place La Paloma,
probably on a Friday, unless we get a lot of requests.
I mean, feel free to email us if there's a

(36:28):
better day than Friday. We just figured at the end
of the week and not in the middle of the week,
but we can always update that as well. But it
was a great time with the clients. I mean a
lot of I mean a lot of prospects. I could
say not clients. They're not current clients. People have never
been to the financial plan, right, Dave and first introduction,
a lot of great questions rock conversion strategies, how feebase

(36:51):
annuities differ versus old annuities, looking at our sim model,
and how we use that for creating income when you
don't need a super high withdrawal rate. So a lot
of a lot of great strategies, and how the plan
really opens the door to a lot of things. I
know you had a long time buddy that was introduced
well not well introduced to us through you, and he

(37:12):
was very impressed, someone who kind of did is his
own thing for a while.

Speaker 3 (37:15):
Right right, right, Very impressed, very impressed with the financial plan,
very impressed with some of the ideas that you guys
came up with for him that he hadn't thought about,
things that he would not even despite his level of
success and despite his level of sophistication, things that were
beyond he is the scope of his knowledge, which is

(37:38):
not surprising. I mean, unless you are in this business,
there's an awfully a lot of things that can be
done that you're not gonna know about.

Speaker 5 (37:45):
That's what I was talking about the seminar. There's so
much ever changing things in this industry that you know,
those structured ETFs that we started to love, they were
not a thing two years ago. So if you're not
on the ball staying up with you know, fee based annuities,
the ETFs, I mean, there's great ETFs that keep coming out.
And you know, Dean, we talk about this a lot
that when there's an industry that we love, but it's

(38:07):
so hard to pinpoint the exact company. You know that
you can just buy the ETF NLR, the nuclear ETF
there's this other you know, cyber ETFs.

Speaker 3 (38:16):
You know, you have the bitcoin of five different coins,
so currently five different coin. When it just came out
in bitcoins down five percent, bitcoins at the lowest level
I was looking at probably the lowest level in several months,
getting really close to that.

Speaker 5 (38:30):
Well, if you zoom out, you're like, oh, I think
I understand why the volatility of bitcoins less than the
S and P. It doesn't. It's not doing it. It's
just it just kind of moves sideways.

Speaker 3 (38:39):
It has been very it has been very quiet.

Speaker 5 (38:41):
It makes a little move up and down here and there,
but it's kind of just been sitting around the one
oh eight and it's finally kind of seemingly wanting to drop.
I've been saying for a while, I think one on
two is a pretty good spot where it should go,
maybe even lower to ninety seven. But I still think
the bull runs not over where there's there's at least
one more push up where And a lot of that
has to do with what you're seeing with the all

(39:03):
coins today. For example, Friday, Bitcoin was up marginally, but
ethereum dosee coin ripple up much more. Because while you
get to the tail end of those rallies, you get
some of the fomo that spills over to the smaller
names trying to make the bigger gains.

Speaker 3 (39:18):
And they have the ability to participate in Ethereum and
XRP and Solanna and Krono through ets. Yeah, the top
ninety percent of all cryptocurrency. So we're not recommending that.
We don't know your risk objective, we don't know your
tolerance risk tolerance, we don't know your objectives. But if
you are a home gamer and wanting to play the

(39:39):
crypto space, that's the one way to do it. C BTC, right,
c BTC.

Speaker 2 (39:44):
Yeah, I mean there's a lot of them, and the
bottom line is you have to know what's in them.
You have to do your work, and if you don't,
then you have to go talk to someone on how
they're going to do it. And that's how you manage
the money, you know.

Speaker 1 (39:54):
And how much you should even be in there.

Speaker 2 (39:56):
Like I was talking earlier about this in my monologue,
we also talked about the fact that you know, some
people when they get to be sixty five or seventy,
that's not even their that's not even their priority. They
don't even it's cool to have some if you if
that's the growth part. But a lot of people in
the position, Okay, I put this plan together. This is
how much money I need to make to keep going,

(40:17):
and I got to be able to stay on plan
if all of a sudden, you know, they get greedy.

Speaker 1 (40:22):
Because that's what that would be.

Speaker 2 (40:23):
I got to be part of this and they saw
going out and trying to make money and then like
you know, like Oracle for instance, up twenty five down,
twenty houp be hundred down.

Speaker 1 (40:32):
You know, you get scared. You will always sell it
at the worst time.

Speaker 2 (40:36):
You would always sell it the worst time if you're
doing it just to be greedy and it's not part
of your plan.

Speaker 5 (40:42):
You cannot have emotions. Emotions is the biggest derailer of
the financial plan and the trader. You know, the reason
a trader isn't good is because he's emotional.

Speaker 3 (40:50):
No, I've read years ago that the number one thing
you get out of hiring a money manager is the
elimination of emotion. And ideally that's just exactly the way
we operate.

Speaker 5 (41:02):
Another thing I was saying there, you know, if you
can cut your on here, you don't need a barber.
There's some people that can handle one hundred percent s
and p allocation. And if you can, good on you,
you know you're gonna have pretty decent returns ten percent
average going back the last fifty years. You could probably
expect that even more maybe going into this AI revolution,
right Whereas if you don't let you're not able to
stomach potentially a fifty percent drop because we might be

(41:26):
there at a certain point with AI, as much spending
and as much hype we're giving it, it might be
too early and we might not see the income come
into these companies in the next year or two. That
needs to happen eventually, so we will maybe have a
fifty percent drop. Can you stomach that being one hundred
percent in equities? And that's the question you have to
ask yourself before it happens. You got to be prepared.

Speaker 3 (41:46):
In ninety six, Alan greens Ben excuse me, gave it
its infamous irrational exuberance talk where you said the market
has irrational exuberance while the market exploded.

Speaker 2 (41:58):
And that's why I always keep telling people, why say
when the second inning of a ten inning game, Well,
I think because with him at that time, he thought
he was in the eighth ninth inning of the game,
and it just kept.

Speaker 3 (42:08):
Going and he wasn't And then we have the same
thing out of Powell this past week where he says
that the stocks are fairly highly valued, that was the
term he used, and they are stocks.

Speaker 2 (42:18):
Are fairly and it also depends which ones you're talking
about too. Yes, okay, what the S.

Speaker 3 (42:23):
And P five hundred is about fifty percent above its
historic norm.

Speaker 2 (42:26):
And we talk about the course of technology. Actually, yeah,
but is there a reason technology should be there right now?

Speaker 5 (42:32):
Yes, yes, yes, I mean we're talking to me and
Dean about this, how there's a different revolution, and every
time you have a revolution in the history of stocks,
you have different growth rates that are subscribed to stocks
because of it. I mean, the PE ratio, the average
PE ratio of the industrial revolutions probably looks different than
the PE ratio after the digital revolution, and it likely

(42:53):
is going to look different after the AI revolution because
there is going to be growth that has been unfathomable
in the past that is now going to be achievable.
So that requires a little bit higher growth rate. But
at a certain point that Dave is going to be
right too. We're too high, you know, Ultimately the market
gets a side who's right. But in the long run,
I think we all can agree the market will continue

(43:15):
to drive higher. It's just how can you be tactical
in the short term and not blow yourself up.

Speaker 3 (43:20):
Yeah, and there's going to be there's going to be air pockets.
There are going to be air pockets. There has to be.
And I was telling someone this morning, I wish the
market would pull back about five percent. It would give
us a firmer foundation, flush some of the speculation out.
But to Dean's point, in Vidia this past week announced
a one hundred billion dollar investment in open AI to

(43:42):
help build out data centers. That shows you how early
we are in this game. They're just getting started three
hundred billion.

Speaker 2 (43:50):
And the frustration would be, you know, if you have
these AI say if you have the technology stocks like
you did on Friday, and the SMP goes up and stuff,
but you lost money because most of those AI stocks
went down. They did okay, and then so you have
to understand the correlation. You have to understand what's going on.
But there's going to be that rotation. There's going to
be people going into the old school types type stocks.

Speaker 1 (44:12):
The Dow type stocks.

Speaker 2 (44:14):
When they think it's too high because they want to
be invested in, and they'll bring it up while the
others sell off a little bit.

Speaker 1 (44:19):
It's just the way it's going to happen.

Speaker 5 (44:20):
We want to talk about old school, about the old
school material gold. I mean, that thing just continues to
rip higher. Thirty seven to seventy five I think it closed.

Speaker 3 (44:29):
Thirty seven to ninety five was a high, right or
ninety two. I think thirty seven seven ninety two.

Speaker 5 (44:33):
High on Tuesday, right, But my goodness, I think content.
I mean they're definitely central banks buying that that level
of gold. I mean, if you looked at a gold chart.

Speaker 2 (44:41):
Lately, the thing looks like, well, you got gold up,
and you got and you got the the defense stocks up.

Speaker 5 (44:48):
Oh those are just straight up too. What does it
tell you?

Speaker 1 (44:52):
I don't know, But I don't want I don't I
don't want to think about how it could be.

Speaker 3 (44:57):
Yeah.

Speaker 5 (44:58):
Well, there's a lot of problems right now as we know.
In the Middle East, India and Pakistan are having a
good time, Russia and Ukraine are having I mean there's
where we are a couple wrong moves away, and I
think we all can feel that. But I was talking
to a client and a prospect about this at the show.
If it happens, let's run out the scenario we have
a world war. If Americans don't stop consuming the way

(45:21):
they're consuming and businesses don't stop spending, the market will
keep being fine. I mean, the market's a rational player.
If the money doesn't stop moving, it's fine. If the
if war just means more money, is gonna be things
that we're gonna be destroys. You need more creation, you
need more product. War actually has been good for in
stock markets in the long run.

Speaker 2 (45:42):
But hey, I AYI is the one that's gonna take
over of wards.

Speaker 1 (45:45):
You're not even gonna know. It's all it's gonna be.

Speaker 2 (45:47):
It's gonna be We're gonna, you know, just like all
these new technologies, like the Jetsons. Right, if you think
about it, war's gonna be like these, like the these video.

Speaker 1 (45:57):
Games, a cyber war. Yeah, it'll be video games. But
isn't weird?

Speaker 2 (46:00):
I mean, you think about it. Okay, people hate each other, right,
war Putin and Zelensky could get together in someplace and
being the same mooon together. Yeah, Okay, it's it's like
it just doesn't make any sense. It doesn't have to
be what they say it is.

Speaker 5 (46:16):
No, yeah, it doesn't have to be. And the real
idea of all of this is to understand that technology
has made it a different type of warscape. There's been
cyber warfare for a long time, and now there's going
to be this almost siop warfare where we won't know
what's real news because AI is going to get so
good at visual that we won't even know if CNN

(46:38):
showing us the real thing. Maybe it's just what CNN
wants us to see, right, And that's that's.

Speaker 2 (46:42):
Where we get well, that's what we are with the
news media, you know, leaning to and showing us what
they want us to see. All right, listen, I'm coming
up to the top of the hour. Appreciate you listening.
We got another hour to go. Remember, you can always
go to a website if you miss some stuff, and
we archive everything on podcasts. Well, you can listen on

(47:03):
podcasts anyplace in the world after we put the show on.
After we do it, so I hope you're having a
good Sunday. We'll be right back. It is The Money
Matter Show.

Speaker 3 (47:14):
Good morning, Welcome back to the Money Matter Show. This
is Dave Sherwood. I'm here with Dean Greenberg, Dylan Greenberg,
Fashion Borsini, Todd Glick, Junior, got the whole crowd.

Speaker 5 (47:24):
That's right.

Speaker 3 (47:24):
And we had the first down week for the market
this month, the first down week this month, down three
tenths of one percent. It's just been straight up steadily
every single week. And even with the only down week
we've had this month, we had new all time highs
for the Dow, the Nasdaq, the S and P five hundred,

(47:45):
and the Russell two thousand, all new all time highs
on Monday before the selling started on Tuesday, Tuesday, Wednesday,
and Thursday, and a little bit on Friday started to
take some of the fluff out of the momentum stocks,
the stocks that have led the way, the Envidy is,
the you name it, the Oracles, the Metas, all of
the hot stocks this year started to see some selling rightfully. So,

(48:10):
I mean, trees don't grow to the sky, and well,
these are these stocks done? I would think not. But
it's nice to have a pause. It's nice to have
a little selling, a little bit of doubt, because that's
what it creates a more solid market. I was telling
someone the other day, I'd like to see a five,
maybe even a ten percent pullback, because that will give

(48:32):
us a more solid foundation. You have to from time
to time flush the excess out of the market. You
get this speculative fervor that is not sustainable. The market's
always gone higher over time. There's no reason to think
it won't always go high over time. Kind of like
real estate, kind of like certain collectible cars. You know,

(48:54):
the goal to higher over time is part of the
part of the inflationary cycle.

Speaker 5 (48:58):
Part of the collectible cars. So, I mean, the Tesla's
turning into one.

Speaker 3 (49:03):
Tesla's stock is just nuts, isn't it. Yeah, really, it's.

Speaker 5 (49:07):
Really climate higher. It's really close to it's all time
high at this point.

Speaker 3 (49:11):
And that's that, Yeah, after dropping by fifty percent.

Speaker 5 (49:14):
Yeah, I mean I think what it's all time high?
It is something like for eighty around there, and it's
trading at four forty right now. It's up eighty one
percent in the past year, at four percent at the
close on Friday, just continues to rip higher. A lot
of just speculation about the Optimists being the next big thing.

Speaker 3 (49:32):
I was at church on Sunday, and uh, there was
a guy walking along with me. I didn't know him.
We're he's chatting. We were on our way to the cars,
and uh, I walked to my Tesla. He goes, oh,
I just bought some more stock. I said, really, you
bought more Tesla stock. He goes yeah, I said why
would you buy more Tesla stock? At this point he goes,

(49:54):
I just love the boss. Well that was his reason,
so he he thinks Tsla, which is the symbol for Tesla,
is actually Musk, which is not.

Speaker 5 (50:06):
Yeah, you don't get an ownership in elon Musk when
you buy Tesla.

Speaker 3 (50:09):
I mean, I don't know what people are seeing in
the stock two and fifty times earnings.

Speaker 6 (50:14):
I'm just optimistic though. He's a great innovator, and he's
gonna take the company further than just cars, A little.

Speaker 3 (50:20):
Body where it's going. But what do you kind of
wonder what what are they seeing? What are they envisioning?
I guess what you're saying is this guy is so smart,
so innovative. The types of things that he's going to
do are just going to blow your mind. They're not
even things you've thought about now. Kind of like with
Steve Jobs held up the iPhone and started explaining what
he was doing, and I was watching it, thinking, what

(50:42):
are you nuts? It's the phone, you make calls, you
receive calls. What are you talking about?

Speaker 5 (50:47):
Another Magnificent seven stock? Have you see this one? Amazon?
Are we all going to get some money back?

Speaker 3 (50:53):
Not only one of the worst performing dallastocks, but the
worst performing meg seven stock and we're all going to
get fifty bucks back? Huh?

Speaker 5 (51:02):
I have no idea if we are or not. But
apparently they had a FTC lawsuit over misleading prime membership
practices and include a one billion dollar penalty that gets
the FTC gets some money and one point five billion
gets back to the consumer in refunds.

Speaker 3 (51:17):
And the lawyers get to keep a billion, you know.
And that's the way these things always work. The only
people that ever win anything to the lawyers. The consumer
gets pennies, the company has to pay billions, and the
lawyers get rich. It's just it's a system that we
have in this country that's broken, and I don't know
how to fix it. It is broken.

Speaker 6 (51:38):
Did you guys talk about the new terrorf announcements?

Speaker 3 (51:41):
No, we haven't gotten there, gotcha?

Speaker 4 (51:42):
All right?

Speaker 6 (51:43):
Well, this week we had a couple of new terrorf announcements.
We have pharmaceutical drugs that are going to be tariffed
at one hundred percent unless the manufacturer is building a
US facility. Yeah, kitchen cabinets and bathroom vanities at fifty percent.
It applies to the imports of the cabinetry and related fixtures.
Upholstered for sure, terraces on sofas, chairs and similar items
to come. And heavy trucks, large commercial trucks twenty five

(52:06):
percent tariff on that. It's gonna apply to any imported
heavy duty trucks.

Speaker 3 (52:11):
And the only result I saw from all of that
stuff was Packard, the maker of Jennyworth. They got a
nice pop because of the heavy truck. The upholstered furniture
import of Polster Furnsure, one of the biggest importers of
a polstered furniture in the Country's Williams and Noma stock
was unchanged.

Speaker 6 (52:30):
Didn't do anything.

Speaker 3 (52:31):
The stock was unchanged like a big yawn. Eli Noble
nordicis one of the biggest one of your favorite pad fashions.
Oh yeah, can we can't go by it can bug
you about that, but it's clearly not one of your favorites.
But it was for about five minutes. But it isn't.
It's kind of like you and I. You and I
were big on Lulu Lemon, right, and we did.

Speaker 5 (52:51):
Make money on Lulu Lemon, but we knew when I get.

Speaker 3 (52:53):
Out before I got wiped out. The same with Nobel,
but Novil Nordic said they don't have any manufacturing in
the United States. Right, stock was down on a half
a dollar.

Speaker 6 (53:02):
Yeah, it was down half a dollar exactly.

Speaker 3 (53:03):
I mean, it didn't care. How is that possible if
you're gonna get one hundred percent tariff on your Wagovi
right and your ozampic.

Speaker 6 (53:12):
Well, yeah, the XLV, the healthcare sector spider, it went
up one percent.

Speaker 3 (53:18):
Yeah, I did. There was just no reaction like and
and didn't. Some federal court rule that Trump can't do tariffs,
and he appealed to the Supreme Court.

Speaker 6 (53:29):
I'm not too sure.

Speaker 3 (53:30):
So, yeah, you lose track of the dun't you? But
he certainly just tariffs left and right, like nothing never happened.

Speaker 6 (53:34):
Is the government gonna shut down next week?

Speaker 3 (53:36):
Uh? Does anyone care? Because it doesn't really impact most people.
Probably if you're a government employee, you're going to get paid,
you get a few paid days off.

Speaker 6 (53:46):
Probably imagine if you were one of the employees I
got laid off with the you know, the doge stuff,
and now you're getting brought back on, and then one
of your first days getting brought back on, they go,
they're going to break.

Speaker 3 (53:59):
The history with these with this government shutdowns. First of all,
it's almost every year, sometimes a couple of times a
year that they get and it's almost always resolved in
the eleventh hour. I think I heard the other night
there have been four times in the last forty years
where the budget's been passed without some kind of chaos.
Four times, thirteen times in the last forty years the

(54:22):
government has shut down one day, two days, five days. Well,
they're never three months, six months. It's always resolved rather
quickly because the pressure gets on them.

Speaker 6 (54:35):
But it almost always a decision, it.

Speaker 3 (54:37):
Is, and it almost always gets resolved in the eleventh hour,
literally eleven o'clock before midnight on September thirtieth, literally, I
mean the eleventh hour literally. So my prediction is that
when we start the show next week, the government will
be up and operating, and I may have to eat crow,
but that's that's how I see it.

Speaker 5 (54:58):
I think we'll be shut down for a little bit,
but you.

Speaker 3 (55:00):
Think you're gonna actually shut down, actually going to shut down.

Speaker 5 (55:03):
Yeah, because the Democrats don't care.

Speaker 3 (55:05):
They always care at the eleventh hour.

Speaker 6 (55:06):
Do you think that it'll impact the market?

Speaker 3 (55:09):
No, never does it never does. No, it really doesn't.
Market doesn't care because market no, just temporary. You know,
Apple up four percent to close it very getting very
close to their all time high tech become all time back.
Reports over the weekend that iPhone seventeen is telling like
hotcake makes sense.

Speaker 5 (55:27):
I mean, people get excited. I think Dylan was one
of them.

Speaker 3 (55:29):
Yeah, I'm in close. I'm getting close to needing a
new phone, and I'm thinking it looks pretty good. I
like that slim one, I'm pretty sure.

Speaker 6 (55:36):
I mean it still doesn't have all the AI capabilities within.

Speaker 3 (55:38):
It doesn't. No, no, they're not, they're not.

Speaker 5 (55:40):
I mean, look, I mean it does does some cool things,
but you got to know how to use it. I mean,
I was on my photos and I realized they can
make like an AI generated video in seconds with your photos,
and that's pretty cool, but you got.

Speaker 2 (55:52):
To know that.

Speaker 5 (55:53):
And it's also not cool enough for me to like
buy something because of it.

Speaker 3 (55:58):
You know what I mean.

Speaker 5 (55:58):
There's nothing revolution yet.

Speaker 3 (56:01):
The last thing I really want to that's that's a
super statement. The one thing I do not like doing
is I do not like upgrading my phone. I do
not like it. I like my phone. I'm used to it.
I know how it works right, I know where to
find things. Everything's good. I don't want and and and
I got to talk to this a thirty year old

(56:22):
guy that works at a restaurant that I go to Freako,
and he was saying, have you have you updated to
the iOS twenty six or whatever it is? I said, no,
no I haven't. He says, give me a phone. So
I give me my phone. He starts punching me. The
next thing I know, I'm updating to this. I have
this twenty whatever.

Speaker 6 (56:37):
So upset.

Speaker 3 (56:39):
It is so much more than I need or understand
or care about. And it's it's got my No.

Speaker 6 (56:47):
The obstacle is the way the second that those software
updates come out, you gotta do it.

Speaker 5 (56:51):
Yeah, you just get with. I'm with.

Speaker 3 (56:52):
I usually do. In fact, I've got automatic updates on.
But he said, when you do the automatic update, then
they they'll they'll give you this twenty six. How much
you haven't done it? I bet you haven't. I haven't
And he said, he said, they've got this update to
twenty six, which is getting it consistent with the year.
And he said, you've got it because this is great.
He was loving it and all the things that would do,
and I don't care about all the things that would do.

(57:16):
We had flash PMI for September dropped a little bit.
Purchasing Managers Index, kind of a measure of economic activity
overall edged down a little bit, which is kind of
what we expect to see. The economy is clearly slowing,
not dropping, but slowing. Right. However, home sales were great.
New home sales and existing home sales better than expected.

Speaker 5 (57:37):
Yeah, Leonard reported, and they actually reported not necessarily what
investors wanted to see a week ago, and so they
sold off. But KB homes seemed to report pretty decently,
held in their gains that they've been attributed over the
last several months. Like we've been saying, the home building
sucks or seem to have been bottoming about two months
ago and it's been climbing back quite steadily. A lot

(57:59):
of it has to do with, you know, the rates.
If the rates keep coming down, it's going to continue
to help that sector. We saw that with solar TiO.

Speaker 3 (58:06):
Before you got back from the seminar, I was saying,
the interant rates moved up this past week. The thirty
year mortgage went from six and a goar to six
point three. No big deal.

Speaker 5 (58:14):
It was funny, you know, Dave hann asking on FED
Day this the rate's gonna go up or down and
the famous most people would be like, well, it goes down,
they're going to cut rates, and I was like, it
looks like it's probably gonna bounce up. Better chance, based
on how the charts were looking and all that. I mean,
obviously FED chair could always say something that then it
doesn't matter, right, But when you when you have nothing

(58:35):
to work on, you kind of just work off technical analysis.
And it looked like it was gonna bounce up. And
that's exactly what it did.

Speaker 2 (58:42):
You know.

Speaker 5 (58:42):
We talked about it when they did last time. When
they cut rates and then rates go up, it's already
priced into the market by the time they're going to do.

Speaker 3 (58:49):
It, and some were expecting a fifty basis point cut,
so they're buying bonds to take advantage of that, and
when you get a twenty five basis point punt, then
they sell the bonds and so the interest rates the
ten year treasure, which is kind of the benchmark, well
it is the benchmark got down about three point nine
eighty three point ninety nine, it is below four. It's
now back to four point two, so that rates have

(59:10):
actually gone up pretty noticeably. This past week. Oil was
up three bucks sixty five to fifty. Yeah.

Speaker 5 (59:15):
Well, climbing back a little higher than ever something you
want to see from a business level, always makes things
a little more difficult. Also, the dollar climbed back a
little bit as well, which is why we saw some
of that selling on you know, Tuesday through Thursday. So
I think obviously we've had kind of goldilock scenario. If
we have lower rates, we have even a better scenario.
But at the same token, we can't you can't have

(59:36):
the dollar rising, we can't have oil rising. We don't
want inflation rising either.

Speaker 3 (59:40):
Right, Oil is a component of CPI. The biggest component
of course, you's shelter, and that has to do with
rent and houses. If we see it, and I've said before,
we see the lower interest rates, and I asked Dean
in the first segment. What rate of inflation is acceptable
on the upside? Right? At what point do you start
to say we're gonna have for raise rates. Can we

(01:00:02):
go to three? Sure? Can we go to four? Can
we go to five? What rate of inflation? A healthy
economy is always going to have some rate of inflation.
I think I said earlier in the last twenty five years,
one hundred and twenty nine percent has been the rate
of inflation.

Speaker 5 (01:00:20):
So that they always print money though that's probably.

Speaker 3 (01:00:23):
But I mean that's part of a growing economy. As
you're going to you need some inflation when it's based
on that, Yeah, to make things work. So I just
don't know how high that level is. I think we're
probably going to go back above two point nine where
we are now closer to four, maybe above that over
the next six months.

Speaker 5 (01:00:45):
You know, had a very interesting week, quiet week, Meta
down about five percent on the week, finished down really
not because of much news, just it's been climbing really high.
And I always see that as an opportunity. When eventually
a stock does pullback noticeably, you get into those quality names.

Speaker 7 (01:01:03):
Yeah, another one that's had to pull back since this
big game in the last few weeks was Oracle that's
dropped to what fifteen sixteen percent from its highs and
when it jumped up about forty percent that one day.
It's under two eighty five now and it was at
three fifteen three twenty at one point.

Speaker 3 (01:01:17):
So I think he got to three thirty five.

Speaker 7 (01:01:18):
Yeah, that's not a big pullback since that's high. So
I mean it jumped because of its future and its
expectations and its guidance. So I mean having a pullback
like that, people were probably taking some profits off the table,
and rightfully so.

Speaker 4 (01:01:31):
But it's I mean, that's a company that's looking for
the future.

Speaker 3 (01:01:34):
I think when they when they say that they have
ten times as much business in the pipeline as they've
ever done in any twelve month period, they should wonder
if that's really true. And I think that was some
of the original selling. And then here comes Trump saying
they're going to be involved in TikTok. How up it
goes again. Now the question is becoming are they going

(01:01:54):
to have access to TikTok's algorithm, Because if you don't
have access to TikTok algorith rhythms, you don't have the names.
You don't have the behavior, that's what you want. You
want access to the algorithms. That's why you want to
be involved in TikTok. If you don't, it's just a pain. Yeah.

Speaker 7 (01:02:10):
I thought that's what Oracle was doing. It was taking
over this algorithm for the US and all that data.

Speaker 3 (01:02:14):
They're taking over the US.

Speaker 4 (01:02:16):
Yeah, that's what they were doing.

Speaker 3 (01:02:17):
Well, they're taking over the US operation of TikTok. The
question becomes whether or not they'll have access to the
algorithms that's been bouncing around over the last couple of days.
That's why the stocks drops so dramatically from three thirty
five down to two eighty five.

Speaker 4 (01:02:29):
Yeah, it's completely different news too. Then what brought it
up to three thirty five?

Speaker 3 (01:02:32):
Oh, totally totally totally different news. Hey, I don't think
we read the disclaimer. If you don't mind, I'll just
do that real quick. This show is sponsored by the
Greenberg Financial Group. You can listen on seven ninety KNST
or I Heart Radio. To show discusses different investment products
and strategies. Every product and strategy does have some inherent risk.
We strongly encourage our listeners to properly understand the risk

(01:02:54):
to determine whether to buy. Asheller holds. Show has been
on the air for over thirty years. Greenberg Financial Ready
with the sec Visit our website Greenberg Financial dot com
for more information. We do not recommend stocks or bonds
or anything else on this program. We talk about a
lot of different securities if they're interested to you, talk
to your financial advisor. We don't know your investment objectors

(01:03:17):
or your risk tolerance, so be silly for us to say, hey,
everybody buy X, y Z.

Speaker 7 (01:03:21):
Yeah, but if you are interested in learning what your
risk tolerance is, if you've never done a risk tolerance questionnaire,
we do have that and we would be happy to
help you find your risk and we can also look
at what your current portfolio is and give you risk
analysis on that. It's all free of chargees just how
we help, and that goes along with that financial plan
that we always talk about. So if you're interested in that,
just give us a call. We'd be happy to help.

Speaker 3 (01:03:41):
Recently had a birthday. In my theme song that day
was stand Alive. Right, that's there you go. Speaking of
stay alive, Boeying started to get a bit. Boying's had
a pretty good year they have, but it had backed
off over the past couple of months on delays in
their seven seven seven stock jump five percent on Friday
day on news the FAA is set to ease some

(01:04:03):
restrictions on Boyne's manufacturing, which would be huge if they
can start pumping out four or five more jets every
month because of decreased regulation.

Speaker 7 (01:04:11):
Yeah, tal, what did you say you saw on Friday
with Boweing they would make thirty eight seven thirty sevens or.

Speaker 5 (01:04:17):
Yeah, it's about I think thirty eight.

Speaker 4 (01:04:18):
Yeah, you're saying it's like a jet or a plane
a day.

Speaker 3 (01:04:21):
Isn't that amazing?

Speaker 1 (01:04:22):
Amazing?

Speaker 4 (01:04:22):
Have you seen the facility they.

Speaker 3 (01:04:24):
Have of Washington would be fun to tour.

Speaker 7 (01:04:26):
It's had at one point before they got it their own,
like uh, weather system in there. I guess they had
so much the condensation and built a cloud in there.
Because it's just so it's the biggest building manufacturing building
the country and saying how big.

Speaker 3 (01:04:39):
It is, it's got to be phenomenal. Toured golf cart though, Yeah,
for sure.

Speaker 5 (01:04:46):
For a while, Boeing looks really good as a company.
They have the FA approval that they've been missing for
a while. If you look at the chart. The real
reason it did come down was because they had a
whole bunch of issues with the plane. In theory, if
they have no more issues over the couple of years,
you would assume they can get back to where they were.
And you know several years ago, and you.

Speaker 3 (01:05:06):
Know, it's one of the biggest chips that Trump has
been bargaining for us for trade and uh.

Speaker 5 (01:05:12):
And we've seen that with Raytheon, Raytheon pop to a
new all time high. Again. It was down a little
bit on Thursday and then pop big on Friday. That
company just continues to rip higher. L three Harris is
another company I've heard to get in a lot of
bids because of its role in what the Golden Dome
is going to do. There's there was an actual press
conference about the Golden Domes kind of put under wraps though.

(01:05:35):
I mean he made it public, but I just not
a lot of people talked about. It's what I'm saying.
There looks like they're going to do the Golden Dome.
I know you don't like it, Dave, but well.

Speaker 3 (01:05:42):
No, we can't afford it. We don't. We don't have
any money, So let's spend trillions of dollars billing something
we don't need.

Speaker 5 (01:05:47):
Well, it would be hundreds of billions, maybe not trillions,
but yeah, it'll be a lot of money and we
don't necessarily need it, probably, but they're going to do it.
And it looks like L three Harris has the web
lasers that's really going to help build this all out.
So if you look at that chart, Oh my goodness,
sky Abolick Lockheed Martin's a very interesting name because if

(01:06:08):
kind of like Boeing, it dropped because it lots some contracts,
but it's starting to get some steam back up there,
and if it can break out of its trading range,
it might be able to get back to where I
was several years ago as well. So defense, i mean,
continues to rock just steadily higher on every single level,
and it just it seems like obviously we know Israel

(01:06:29):
has to continue to replace their missiles, but we're going
to be buying a lot more missiles. There seems to
be a lot of action happening in the defense sector.

Speaker 7 (01:06:37):
It's gonna Microsoft is going to be interesting too, because
they're coming under fire from Trump now that he wants
to fire their leader in global affairs because Microsoft took
away cloud service rights to Israel because they're saying they're
using their data and scanning civilian conversations or something in Gaza.

Speaker 4 (01:06:53):
So they took that away.

Speaker 7 (01:06:54):
And Trump's saying now they want to fire the global
affairs advise lead of it for Microsoft. So Microsoft may
come under some pressure in the next week.

Speaker 4 (01:07:03):
This sck.

Speaker 7 (01:07:04):
Well, that's a one off thing in a sense. The
company as a whole is very strong.

Speaker 3 (01:07:08):
The only keeps pushing higher. Intel. You may recall that
Intel popped from Intel was laying dead essentially, and and
Video came in and said they were going to invest
five billion dollars. I think it was it was five
billion five billion, Thank you do. Uh, the five billion
dollars in the company, which is kind of like, okay,
it gives us you breathe the Messiah relief, right, and
the stock pops up. Several analysts came out and put

(01:07:29):
sales signals or sell recommendation on it. At that point,
stock started to back off. Then on Friday, news that
Intel has approached Apple and Taiwan Semiconduct here, Hey, you
want to get involved too and help helping save us,
you know, and stock went to a new fifty two
week high. I've heard analysts say Apple has no interest

(01:07:50):
in getting involved. They don't even use Intel chips anymore,
They're using their own in house trips Taiwan Semi. Why
would they care about Intel? Their business Their world gets
better if Intel disappears, doesn't it. Yeah, I don't know,
just it just seems to me that there's an awfully
lot enthusiasm being built into a company that is struggling

(01:08:12):
to survive.

Speaker 5 (01:08:14):
But you know, a company that continues to find its
ground as in the video there we're kind of on
track to get to their new all time high earlier
in the week and then you know, fell back a
little bit. But I mean the video is the biggest
company in the world just continues to rock solid on
every single earnings reports. And that's a company I think

(01:08:34):
that again, if we go into a world war, something
really bad happens, do you see their orders falling off
a cliff? It just doesn't know, Why would that stop it?
If anything? You think, well, they want more AI keep capability,
they want more power, they want they would just increase
their orders.

Speaker 3 (01:08:50):
So I just I don't know how world war happened
in this environment. I mean, I can see these skirmishes
continuing that are because.

Speaker 5 (01:09:00):
I'm pretty he could feel that he could if he
feels there's a threat and gets a little offensive offensive,
that's I think how you would get it.

Speaker 7 (01:09:10):
I mean if NATO, if something happens with NATO countries,
then that's how it could happen as well, because I
mean I saw this thing with Poland talking about how
they had sixteen airplanes or something go through their air
that was unverified.

Speaker 3 (01:09:23):
The Russian planes.

Speaker 7 (01:09:24):
Yeah, I'm just saying, so if that escalates or something
into a NATO issue, then that's how you can see
a world war happened because NATO has thirty plus countries.

Speaker 3 (01:09:34):
Well and no, yeah, but you see, I guess the
question I'd have to ask myself there is Russia can't
even beat Ukraine. They do they really want to piss
off NATO?

Speaker 5 (01:09:43):
Well, is it going to be in a sense they
can't beat Ukraine because they're not allowed to use some
of the war stuff because they don't want to get
into the next level of war classification. This this whole
thing of like war crimes and like now you if
you'd go too far, if if you use certain things,
they could end Ukraine tomorrow. If they really wanted to,

(01:10:04):
they have the bombs. But if they did that, they're
going to trigger a war that they know they will
lose afterwards. There's just a game theory aspect. They really
could win Ukraine, but they have to do so in
a way that is politically appeasable that no other country
is going to be like, all right, that was mean.

Speaker 3 (01:10:21):
One of the much loved stocks out there is Costco.
The retailers was only up about three percent this year.
It lost all of that at the open on Friday,
despite reporting a solid quarters. Stock has a history it
almost always sells off after earnings, regardless of what they are,
and I think that's because they report monthly sales numbers.

(01:10:41):
So the quarterly earnings report is just an opportunity to
take profit.

Speaker 4 (01:10:45):
That makes sense.

Speaker 3 (01:10:46):
Yeah, the stock has dropped back, it's still it's fifteen
percent off of the high. So if you're looking for
an entry point for Costco, we're getting there. But it
does still have a pe of forty five. Now forty
five is not an extraordinary pe for Osco, but it
is an extraordinary pe for retailer. Yeah, you don't see
too many retailers with that kind of of a pe.

Speaker 7 (01:11:07):
Yeah, Costco is just a great company though overall. I
mean then for a long term. Look, there's always packedice people,
always there's they have such a good deal and ever
since they bought that Kirkland brand, that's just doing better
and better.

Speaker 3 (01:11:19):
Oh yeah, I know that's phenomenal. And it's packed all
the time, and you can't get anyone near the place.
And the gasoline is the penny cheaper than most other places,
but the lines are out of the wall. Anyway, we'll be back.
I we'll come up on another break. Thank you for
taking time out of your Sunday to listen to us.
We'll be right back. Welcome back. This is the Money
Matters show. Our number, our number, segment number five, our

(01:11:42):
number two number five will be a lone day. You
got the whole crew in the house. We're bringing you
the news of the day again. The first down week
of the month for the market, but only down three
tenths of one percent, still two point eight percent higher
on the S and P for the year, thirty for
the month. Yeah, and we know, you know, we're reminded

(01:12:06):
that September is historically by far the worst month of
the year for stock and we're also reminded history is
a guide and not an absolute.

Speaker 7 (01:12:16):
Yeah, we got two more days of trading coming into
next week, it's Monday and Tuesday, and then that third
quarter is over. You got the government on a verge
of a shutdown. That could be a little bad news
in the markets, but overall it's been a strong month,
and that's mainly because the FED and all the surroundings
of the FED rate cut.

Speaker 3 (01:12:35):
Well, I think as people look out and the market's
a predictive vehicle, and so you try to look out
six months and you Okay, six months from now, does
the government shut down really matter? No, because it will
be long over six months from now, right, Yeah, does
does lower interest rates matter? Absolutely does? And Vidia putting

(01:12:56):
one hundred billion dollars into open AI, which essentially tells
you that this entire data center AI revolution is in
any number one or two. It's just getting started. Really
that that and Video is putting one hundred billion dollars
into building data centers, building places where this can begin

(01:13:18):
to happen. That's how early we are in this.

Speaker 5 (01:13:22):
So building out the brain of what will be human AI.

Speaker 3 (01:13:26):
We're building out the infrastructure to do all this right,
So early innings, early innings.

Speaker 5 (01:13:31):
That's amazing what we're going to be going through.

Speaker 3 (01:13:33):
I think if you look in the future, you see that,
you see continued AI advancement, continued earnings acceleration because of
that and lower interest rates.

Speaker 5 (01:13:43):
Yeah, I totally agree. And if you also look, it's
not going to be just America and Europe. The reason
China has been down in the dumps for a while
was because of their housing bubble. But if you look
at it, they have a very strong technological base and
they have a lot of smart people and a lot
of smart things, and Ali Baba is one of them.
Ali Baba is up ninety two percent in the past year,

(01:14:05):
and it's been exploding higher in the last several months
because people are just now waking up that they do
have their own AI too. They have their own model,
just like Open AI, and it's very good. You know,
it's in like the top seven, just like all the
other ones are. So the Chinese people is a one
billion plus market, and also Chinese products are largely used

(01:14:27):
in Africa, which is another one billion. India too sometimes
there's another one billion. That is a huge market that
Ali Baba stock has been much higher before. That's one.
We obviously have no recommendations, and it's tough to buy
a Chinese stock because you never know what's going on
with it. But the potential that that company has because
of it being the Amazon first off of China, but

(01:14:50):
on top of that, having what seems like potentially the
only real AI other than Deep Seek in that marketplace,
that's going to be competable.

Speaker 1 (01:14:59):
You're not alone.

Speaker 7 (01:15:00):
I mean, Ali Baba stock is up one hundred and
two percent to date, so a lot of people are
seeing what you're seeing too. Is just going to be
a lot going on with that AI over there.

Speaker 3 (01:15:08):
Yeah, Amazon hasay is. We talked about it being the
Amazon of China. Right. The Amazon here in the United
States has been struggling a little bit because of AI competition,
because it's not a pure AI play, which is what
many investors want. Their AWS growth with AWS is the
engine that runs Amazon has been slowing. And I know

(01:15:33):
you guys, but I buy a lot of things from
Amazon just it's just easy at work at home, and
I'm noticing a deterioration in the delivery, timing, delivery, quality,
delivery experience. Now it's slight, okay.

Speaker 5 (01:15:53):
For you we were talking about this. You feel it,
I don't know.

Speaker 3 (01:15:57):
You don't.

Speaker 4 (01:15:58):
I don't feel it. I order suffering. There they come.
They come quick from me.

Speaker 3 (01:16:03):
I routinely get things that they say it will be
ordered before this It would be three to eight, three,
three to six today, and it comes two days later.
I frequently have that happen. I've had. I had one
the other day that I ordered uh a printer printer
inch for my HP printer at home right. I ordered
it and it was supposed to be there tomorrow, didn't come.

(01:16:23):
Next day, schedule didn't come, and then I woke up
on the morning and was canceled and a refund in
my account.

Speaker 6 (01:16:30):
You can't take into account packages that were stolen from
your house. I can't include that one.

Speaker 3 (01:16:35):
It was kind of interesting those I was speaking of Amazon.
Sebastian saw four of these street people walking along. Each
one of them had an Amazon box right, So apparently
they are delivering to street people. They might deliver streets,
they must deliver right to the corner of a country
cove and four low or whatever.

Speaker 4 (01:16:54):
That was our microphone falling.

Speaker 3 (01:16:55):
One thing we talked about. I've talked a little abou
about the economy. Earlier, Pfizer announced that they bought weight
lost drug company met Sarah all right, and Compass, which
is the big real estate brokers company. They're going to
buy a Century twenty one and callwell banker. You don't
see those kinds of deals if there's concern about the economy.

Speaker 7 (01:17:17):
Yeah, I agree. I mean there's still IPOs coming out
as well. There as five last week. There were smaller
companies this time, but there's still five coming out. So
the IPO market's still hot. So going up?

Speaker 5 (01:17:27):
Well, how about this company? Dave? Oklow? Much is it?

Speaker 3 (01:17:31):
No? No, no, we talk about this every week. You
didn't go up another eighty percent.

Speaker 1 (01:17:34):
Yeah.

Speaker 4 (01:17:35):
We heard you talk about Tesla for a year straight.

Speaker 5 (01:17:36):
How much is it up in the past year?

Speaker 3 (01:17:39):
Okl Yeah, we talked about this last week. It was
I don't remember though, I don't remember twelve. Oh my goodness, it's.

Speaker 5 (01:17:48):
At one hundred and ten dollars. Because that's down. David's
down eighteen percent this week. Talk about volatile hunh Yeah,
very volatile stock. There's no proof of concept, but again
we're just showing how volatile these things can be. It
was up sixty three percent the week prior eight down
eighteen percent the week after that. I mean we saw

(01:18:11):
that with Oracle. I mean, now, some of that's just
how things should work. You shouldn't have something just go
straight up.

Speaker 3 (01:18:17):
Either.

Speaker 5 (01:18:17):
Sometimes you have very good quality company go straight up
and they go down just because, like we said, it's
healthy to have a correction. There's other times where it's
just the beginnings of the bubble popping. So you have
to sometimes know a difference if you don't use a
money manager.

Speaker 3 (01:18:31):
Yeah, it's never a good idea to buy something that
has had a paraboltic move, wait for a way for
an entry point. And gold, huh like gold, No, gold
has not been parabolic. Parabolic is about a sixty degree angle.

Speaker 5 (01:18:47):
That's the right angle on that's your gold.

Speaker 3 (01:18:49):
Gold is gold is.

Speaker 5 (01:18:50):
Probably about forty that's a lot for the goal.

Speaker 3 (01:18:53):
No, but thirty percent if you if you if you
charted about thirty percent.

Speaker 5 (01:18:58):
Let me show you the charter after the show.

Speaker 3 (01:19:00):
All the time sold every day parabolic Now anyway, parabolic
is a sixty degree angle or or higher. Well, yeah,
in my book, and I don't think gold any charter
goal is going to show sixty percent. Hey, you see
us Listium America. Trump's added again the Canadian penny stock
sword On Wednesday, at Trump said he's seeking an equity

(01:19:21):
stake in that company, which is based in Vancouver, British.

Speaker 1 (01:19:24):
Yeah.

Speaker 7 (01:19:24):
I was shocked by that. It's not a US based company.
Don't know why it is going well here, they do
a lot of business in the US.

Speaker 3 (01:19:30):
Yeah, here's the weird part about that. Down there, they're
trying to get a two point two billion dollar loan
from the Department of Energy, the US Department of Energy.

Speaker 4 (01:19:39):
Yeah, I did see that.

Speaker 3 (01:19:40):
So it's a Canadian company, So why are you getting
a two point two billion dollar loan from in the
US Department Entergy?

Speaker 4 (01:19:46):
Canada probably won't give it to them.

Speaker 5 (01:19:47):
If they do work in the United States.

Speaker 3 (01:19:50):
You know what I'm saying. But Trump's saying, Okay, fine,
you want it, We'll take an equity stake. I like it.
I actually kind of like it. They have a thatcher
passed mine up there, and of course we already have
a steak in uh mp.

Speaker 5 (01:20:03):
Well yeah, I mean, if all he has to do
is announce that he's going to take a stake into
a company that pops thirty percent, then no, you want
to investments.

Speaker 3 (01:20:10):
You want to take the steak and then announce it.
You don't want to, You don't, you don't.

Speaker 5 (01:20:14):
We didn't already take the stake.

Speaker 3 (01:20:15):
Oh well, no, that's just stupid, right, I mean, that's
that's just not smart at all.

Speaker 5 (01:20:20):
He announced it.

Speaker 3 (01:20:21):
Didn't we take this. I was looking at I was
looking at inflation. We I probably worry more about inflation
than most other people.

Speaker 5 (01:20:29):
Yeah, you do.

Speaker 3 (01:20:30):
Shelter is the largest component, so good news. This week,
a survey of single family rent prices showed July increase
of two point three from the same period last year.
Two point three percent in a twelve month period. That's
slower than the three point one percent average growth that
we saw in the preceding year. Here's the key part.
Rent growth has now fallen below the lower end of

(01:20:54):
the ten year average. So that's I mean, that's good
news because uh uh, aulter is a huge part of
CPI and houses housing is relatively fat right now. Uh,
maybe down a little bit. If I look at most
charts of of of house prices that are below where
they were six months ago. If Rench can flat line here,

(01:21:17):
then we're not going to have that component of CPI
to worry about. So oil can tick up a little bit,
the price of eggs can tick up without causing chaos.

Speaker 5 (01:21:27):
Yeah, and that's gonna be the really interesting thing as
we go into this holiday season. Can people have the
excess money to buy all the you know, holiday shopping
things that economy economics, you know, says that we're going
to have all the earnings estimates are going to have
these huge spending numbers embedded into these estimates. So do

(01:21:50):
we feel that there is enough money currently? And I
think there is. I mean right now, their credit card
seems to not be maxed out, there seems to be
adequate savings. It's not at an all time high, but
it's not an all time low either. There seems to
be enough money on the retail level. When you also
look at the jobs that there is growth, there is earnings, wages,
there's not huge unemployment. So on the consumer level, retail level,

(01:22:11):
it seems like we're going to continue to be fine.
There's marginal inflation. It's annoying, but it's not annoying for
them enough for them to stop the consuming.

Speaker 3 (01:22:19):
Well, and then because the inflation may actually give you
increased sales, right, the sales could be the same and
you get prices five percent highers, your sales are up
five percent.

Speaker 5 (01:22:28):
Well, I don't necessarily know if that's going to follow
down to the bottom line, because I think there was
a lot of price absorption by companies because of these tariffs,
So some of that will be from the margins, right.
I don't think all those prices were passed down to
the consumer. There was quite a bit of absorption, I
think more than economists were expecting, and that's why we

(01:22:48):
haven't had the inflation that they were They thought tariffs
were going to do because they're like, oh, well, it's
all going to be passed to the consumer. Little did
they know that some of it was not right, it
was passed on.

Speaker 3 (01:22:58):
Well. The other thing we've had is a slowing economy,
and we're talking we talked last week. We talked last
week about how the slowing economy, dropping oil prices, dropping
real estate prices should be causing inflation to come.

Speaker 5 (01:23:09):
Down, but a slowing economy is not. But not maybe
for the personal level, but on the business level. There's
nothing slow happening. These deals are happening left and right.

Speaker 3 (01:23:19):
Real estate, existing home sales, new home sales have been down,
oils down, what about business? All of these things are
CPS consumer price index components, is what I'm talking about, right,
because that's not that's but that's how you measure inflation.

Speaker 5 (01:23:33):
We're talking about the economy that's.

Speaker 3 (01:23:34):
Steadily ticking higher when it should be steadily ticking lower.

Speaker 5 (01:23:40):
Well not when you have an economy that requires an
inflation rate.

Speaker 3 (01:23:44):
It's always good to have an inflation rate, but it
would be better not to have a four or five
percent one. Anyway, we'll be back with the last segment
of the show. Thanks again for joining us. We'll be
right back.

Speaker 5 (01:23:54):
Welcome back to the Money Matter Show. My name is
toud Lick. I'm here with Dylan Greenberg, Sebastia of Board CNI,
Dean Greenberg, and David Sure Well. This is our last segment,
but we want to make sure you get all of
our shows. You can go to our website Greenberg Finance
dot com and pull up our podcast page in the
top left. You'll see all of our podcasts pre recorded.
You can also go to our YouTube page where you'll
see our TV shows that we have aired on KVOWAY,

(01:24:17):
which they air on Sunday mornings and Sunday nights. You
might even be able to watch Sunday night football, watch
the news, and then you watch US. It's like the
perfect it does not get better day if it's the
perfect tri effect day. And also you probably started your
day with us with the radio. Yeah, so it's literally
the perfect day. You can also listen to us on
Saturday if you really can't get enough. And we also

(01:24:38):
do our blog, so make sure you look at that
on our website, so we have a lot of information.
We were talking earlier Dylan about coming back from our
interactive financial workshop today. That was a lot of fun.
We did that on that Friday. We'll have another one
in about a quarter knowing that you know, obviously new
people want to come, but also this last one quite
a rainy day, so another some people weren't able to

(01:24:58):
show up. Want to make sure there's another opportunity, and
it's going to be a lot of fun having these
quarterly and just it was a great It was a
great time today.

Speaker 7 (01:25:07):
Yeah, it'll be set up on the website to sign up,
but it's probably gonna be somewhere in the beginning of December.
Is what we're looking at to get by the end
of the year. And then we are just going to
keep doing it every quarter. It's very interactive and very
question oriented, which was good.

Speaker 3 (01:25:19):
It's pretty I'm pretty pretty sure that it has. It
has not poured at noon for like four months. Is
that telling you guys today.

Speaker 4 (01:25:28):
Monsoon season came late?

Speaker 3 (01:25:30):
No, that it pours it right when you're doing your seminar.

Speaker 7 (01:25:34):
Yeah, and it had Yeah, and people from Sierravice that
decided not to come for some people because they said
it was.

Speaker 4 (01:25:39):
Just rainy, it was muddy.

Speaker 3 (01:25:40):
Well, they get a lot better rain down there.

Speaker 1 (01:25:41):
Yeah.

Speaker 7 (01:25:42):
We had one couple come up from there and they
said it was just muddy. So other people they had
more of a difficult time coming out. But luckily we
do hold we're going to host them every quarter, So
give us a call and we'll sign you up.

Speaker 3 (01:25:52):
So you guys are sports fans right now, I'm a
sports fan. Underdog. We've all heard the term underdog, right
and it's gone from sport into into real life. But
where do you think the term underdog emanated? I think
about these big things in life right when I'm when
I'm out walking.

Speaker 5 (01:26:10):
Or it's like things that people when they're super high
would think about. But you do it sober.

Speaker 3 (01:26:15):
That's very rude.

Speaker 7 (01:26:16):
Actually, mis vitoria comes from exercise on the red when
you're walking to him mock multiple times now walking the
he's at the gym and he's in front of the
CNN TV and he doesn't want to watch, so he's
thinking of this.

Speaker 1 (01:26:32):
Where does underdog come from?

Speaker 3 (01:26:33):
It's a good one, though I couldn't think it is
a good one late eighteen hundreds. It describes the losing
dog in a fight. That's where it came from. A
dog fighting was very common in the late eighteen hundreds
in England and the United States, and the losing dog
was called the underdog, and the winning dog was called

(01:26:54):
the top dog.

Speaker 5 (01:26:57):
So the underdog could never win because it's always the loser.

Speaker 3 (01:27:00):
I suppose if the underdog were to have a reversal
of fortunes and become the top dog, then the other
guy is the underdog already lost. It started that way.

Speaker 5 (01:27:11):
The chicken or the egg come first.

Speaker 3 (01:27:14):
Well, the bottom line is the dog on the bottom
The losing dog is the underdog, And so that term
went into sports very quickly. By the late eighteen hundreds
was already being.

Speaker 5 (01:27:22):
Used as a gambling company called underdog fantasy.

Speaker 3 (01:27:25):
There you go.

Speaker 1 (01:27:27):
Now you want to be the underdog.

Speaker 7 (01:27:28):
Everybody counts you out, so then you come in and
you have a huge upset. But that's definitely evol since
the eighteen hundred dog fighting.

Speaker 3 (01:27:34):
Dog fighting.

Speaker 5 (01:27:34):
I always thought it was just like, you know, the
smaller dog in a dog fight was obviously.

Speaker 3 (01:27:40):
Like I never even thought it through to think any
connection with dog fighting. I mean that's where my mind is.

Speaker 5 (01:27:46):
Definitely dog fighting. Dog fighting was really.

Speaker 3 (01:27:48):
Big big, it was big and like eighteen hundreds. Yeah,
and when when Michael Vick was around two, Oh, poor Michael, Michael. Yeah,
it is time though, he's done Michael getting picked on.
He did his time, he's done his patents, and now
here you are picking on him again. Dylan, you mentioned
five IPOs coming. Electronic Arts says, we've had up being public.

(01:28:11):
We're going private.

Speaker 4 (01:28:12):
Yeah, fifty billion dollar deal.

Speaker 3 (01:28:13):
Yeah, going private. Electronic Arts going private. They said, we've
had enough of this public market. And I can see that.
I mean it's not the public market is a good
way to enrich the founding fathers of a company, but
there's some responsibility comes with it. That's it's a lot.

Speaker 5 (01:28:33):
Yeah, I mean all I mean that's why Trump said
that he doesn't want to have four quarters because of
the stringent filing requirements. That says like some companies don't
want to go public because of all the requirements that
comes with doing that. So yeah, that's what's one of
his reasonings for not having four quarters. I think most
financial people sound like that's like, no, absolutely not. We
definitely want four quarters, but I don't necessarily think it's

(01:28:55):
like a requirement, but essentially helps transparency.

Speaker 3 (01:28:58):
It does help transparency. We talked about that last week.
You know, probably a month ago, Lucid reverse split twenty
for one stock was a tenth for one stock was
two dollars, and it opened the next day of twenty
nothing changed except the price reverse stock split, reverse stock split,
which is which in my experience, my forty years of

(01:29:19):
doing this, that's been the kiss of death. Your stock
does a reverse stock split, you want to get out.
Since then, Lucid has rallied fifteen percent. So just FYI
so far wrong. Don't think I will be in the end.
I think Lucid probably will work its way back towards
ten dollars. It's now twenty three. We'll see if I

(01:29:42):
had lucid, I would sell it. I don't know that
the person can short it, but my experiences, I've only
seen one stock do a reverse split and come out
of it smiling. Gee.

Speaker 4 (01:29:55):
Yeah, yeah, that is the only one. And they're back
with the government too.

Speaker 3 (01:29:59):
You know, when this, when this whole tariff thing started,
one of the areas that was going to be the
big winner. And I wish the bachel was here right
now because the dad's in this businesses used cars, right,
used cars were going to be the big winner. Well,
guess what's happened. New car sales have gone off the
rails because people are concerned that there are more tariffs coming.

(01:30:21):
You know, tariffs have hit it and haven't caused prices
to rise, but there's concern that there's more tariffs coming.
So used car sales have just been much weaker than it.

Speaker 5 (01:30:32):
Also, the loan thing, right, if you have a new
car made in the US, that's when you get the
loan deduction. So I feel like a lot of people
are seeing that benefit of getting that ten thousand dollars
deduction and knowing that you can only get that if
you buy.

Speaker 3 (01:30:46):
New on a on an ice on an internal combustion car. Yeah.

Speaker 5 (01:30:53):
Remember that's the Trump thing. He says you can deduct
interest on the body or the interest. Yeah, that's part
of the confuser.

Speaker 3 (01:30:59):
I thought there was a ten thousand dollars rebates, but.

Speaker 5 (01:31:01):
It basically is if you're financing it right in their mind.

Speaker 3 (01:31:05):
And it's going to be interesting to see electric vehicle
sales over the next few months with the seventy five
hundred dollars rebate gone. The reports you're going to see,
the next report you're going to see is the third
quarter sales. They're going to be off the chart. Oh
my god, everybody's buying electric. It's because the seventy five
hundred bucks is going away. Now with that said, I

(01:31:25):
know there's an awfully lot of people that buy Teslas
who do not qualify for the seventy five hundred dollars
matters income based, So does it really matter or not.
We're going to see. We're gonna have a real life experiment,
experience here or experiment here, and whether or not it matters,
we'll see whether there's a And then I saw a
thing the other day where Tesla's car sales in Europe

(01:31:47):
are down thirty percent. Well, there's a couple of reasons
for that. Number one is the Chinese are flooding the
European market with the government subsidized cheap electric vehicles, so
the competition's off the chart. Number two, there's some musk
pushback there in Europe. So it's not because EV sales

(01:32:08):
are declining. It's because Tesla's sales are getting a smaller
piece of a bigger pie, if you will.

Speaker 5 (01:32:18):
Another thing that we got to keep looking at is
how the next job's report comes in, because that's really
going to be the big thing for the FED when
they meet again. It seems like, really we're in this
kind of time where we're not in earnings. We already
have the FED meeting. What else news are we waiting for?
It seems like it could only be bad news because

(01:32:38):
all the good news has been spent. But the next
good news that could potentially be is if they decide
to cut rates again. And I think the only way
you get that is actually a little bit bad jobs
report again. Not too bad, right, because too bad we'll
freak everyone out. But if you have the jobs report
coming just a little worse than expected again, maybe the
FED feels that they have to cut again and that
will bolster another rally.

Speaker 3 (01:33:00):
And we only have to wait tell Friday to hear that.
We'll have the September jobs report on Friday, two days
after the quarter ends. I'm not sure how ACRO is
going to be and they do. We know they do
an awfully a lot of revisions, So this report on
Friday is going to be a two days after the
quarter best guess.

Speaker 7 (01:33:21):
Why do they have to report it and then revise
it months later? Why don't they just wait till they
get it themselves and then revise it and then publicly.

Speaker 3 (01:33:29):
Like anything, the market's thirsteen for it. You know, it's
like the quarterly reports versus the some my annual reports.
We want to know now, you know we're a now wor.

Speaker 5 (01:33:39):
Think about Costco. They have to report their monthly sales.

Speaker 3 (01:33:42):
They don't have to, they do they choose to?

Speaker 5 (01:33:44):
Well, I think, well it's I mean, imagine if they didn't,
their quarterly reports would be so much more of a
volatility event.

Speaker 3 (01:33:50):
Yeah. Now their quarterly reports are just so off pretty
much what they do. It's typically an opportunity at the
end of a quarter because they sell off every he
could short it if you were a gamble you short
is stalking. You know I was gonna go down. Of
course I did that about three quarters agoing it rallied.

Speaker 4 (01:34:08):
So whatever you do, we should do the opposite.

Speaker 3 (01:34:10):
Oh totally.

Speaker 4 (01:34:11):
When it comes to.

Speaker 3 (01:34:12):
Trade, what I do personally, absolutely, trading is not one
of my strengths. Money management, Yes, creating, investing, ken View.
Did you see this all? The thing about ken View?
This is Johnston and Johnson spin off, the makes title
and all, and they lost eighteen percent Trump. When Trump
and RFK came out and claimed that the use of

(01:34:33):
the painkiller by pregnant women is linked to autism, it's
now been poop pooed by pretty much everybody in the
world except Sam Trump.

Speaker 7 (01:34:40):
It could be associated. It's not a cause, but it's
associated with it. And there's been studies that I've liked
in the past that talked about it. But now it's
saying immediately that twenty causes autism. So that's what people
ran with. But if you listen to it, that's not
what they said. It said it's associated and it can be,
so something to look into.

Speaker 3 (01:34:59):
The World Health Organization, the the uh no, I know
I knew that. I knew you'd say that. Uh. The
the the United Kingdom Health Department, Uh, the EU Health
Department because there's no one, no one can but anyway.

Speaker 5 (01:35:17):
Yeah, the Palestine States. So if you want to go
with all those European nations, you can go ahead, but
you don't always trust those nations over there a.

Speaker 7 (01:35:26):
Few years ago that you shouldn't take it when you're pregnant.
It's not something that we all want to be happy.

Speaker 3 (01:35:31):
But clearly I'm not going to be with this crowd.
We all want to be healthy, right because if we're
not healthy, we're not happy. But well, we're really trying
to be a Greenberg Financial is profitable. See you next week.

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