Tariffs, Tech, and Tumbling Rates: Markets Push Through the Noise

Episode Transcript
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Speaker 1 (00:00):
Good morning everybody. It's that time again eight o'clock Sunday morning,
and we bring you the Money Matter Show with Dean
Greenberg and the rest of the group from Greenberg Financial Group.
For two hours. We're going to talk about just about everything,
how it all affects your money, how you and should
be doing financial planning, and why you should be doing it,
the types of things that are out there. It's a
Schmrgan's board of different ideas, different things, and different ways

(00:27):
to be able to, you know, pretty much navigate these markets.
That's what it's all about. Navigation of the markets. You know,
when you look at it. The markets again this week
went up just a little bit, not a lot, but
it went up about half a percent in the Dow
and the S and P actually that was down a
little bit. The NAZAG was up one percent, Wrestle was

(00:49):
up one percent, so it was kind of a mixed market.
The news obviously that I came in and kind of
went down on Monday, was you know, the lower courts,
the appeal the appeal courts that overruled on the President
Trump's tarriffs, basically saying that his tariffs were illegal at

(01:13):
the way he's doing it, but not all of them,
but a lot of them, and that they know that
they'll give them to the middle to the end of
October to be able to appeal their ruling. And obviously
that was not good because they also are talking about
having to pay back all the tariffs that we have achieved.

(01:35):
I'm going to start with tariffs.

Speaker 2 (01:38):
You know.

Speaker 1 (01:38):
It's almost like the media wants tariffs to break us
in April when he first went ahead and said we
were going to have all these tariffs, and the way
he's done it, just because it's not the way it's
been done in the past, just because it seems a
little bit chaotic to most that don't really understand, doesn't

(02:03):
mean they're not good, doesn't mean they're not right. That
doesn't mean it's not helping and will help the economy
as we go through be fairer to the rest of
the world. We've been supporting the rest of the world
for a long period of time. Tariffs will obviously in
some cases costs a little bit more for products that

(02:26):
we probably want, hopefully not the one all too many
that we need. But on the same time, wages have
been going higher, which are sets a little bit about that,
and it's only in a one time increase. Whatever it's
going to end up whenever we get through this year
of taris that's what it's going to end up being.
And then there's going to be ways that we're going

(02:48):
to be able to Our companies are going to do
better by being able to have reciprocation with these countries
where they finally have to buy some American goods from US,
where agriculture and farmers are going to be able to
actually try to uphold and make some money so we
don't have to subsidize them all. But at the end

(03:10):
of the day, we're up about why.

Speaker 2 (03:11):
I don't know.

Speaker 1 (03:11):
They said, in a few months we made about one
hundred and fifty billion dollars in tariffs. Yeah, it doesn't,
you know, put a dent to the thirty six trillion
we have or the five trillion we spend the year.
But it just started. It just started. What if there's
a combination of a way that tariffs were able to

(03:37):
afset and lower taxes for us and be able to
put more money in everyone's pocket. That's the I think
the end game here.

Speaker 2 (03:50):
Now.

Speaker 1 (03:50):
I know we said, well, if we collect enough tariffs,
we don't have to charge have income tax, we don't
have to have any we don't have to have any
federal taxes. Well, I think that's a little bit unrealistic.
I know before nineteen thirteen we did not have any
federal taxes. I know that. But the only way we've

(04:13):
been able to pay for things is by taxing people.
And of course there's two different schools of thought. One
thought is you keep taxing everybody, and the more you make,
the more you have to pay in a high percentage.
And they call that from the left paying your fair share.
The right says, well, I am paying my fair share.

(04:35):
I'm paying more dollar wise and anyone else. It's a
progressive tax. So the more I make, the more I pay.
But the more, you know, you go up to the
forty percent tax bracket, thirty nine and a half percent
tax bracket or thirty eight and a half percent, that's
the top you got to pay on everything over a
certain amount. Taxing more just means the more the person

(05:01):
has to pay, unless that he has to spend going
to the government to give to those that aren't paying
as much in taxes. So I'm okay with fair sharing,
but he's got to be fair sharing. I'm okay for
obviously people that make more money too. On a dollar rise,

(05:24):
they're going to pay more. But I really like the
idea of this tariff thing. It's settling in with me
right now, and then maybe that can change, and it does.
I will let you know that if we collect the
tariffs and able to pay for things, that it will
go ahead and lower taxes. I don't think they're going
to can eliminate them. But what about if they loan?

(05:46):
What about if we cut them in half? What if
the highest tax Brackert was twenty percent. You realize how
much more powerful or income would be, how much more
we would spend. Now if there's a teriff there and
we still bringing in the goods and we have to
do it, it's like a consumption tax. I've been all

(06:08):
about consumption tax. I know that the left calls it
a racist tax because then the people at the bottom
are going to have to pay for things they consume.
But if they're not paying taxes, they'll be paying less
because they're just paying for what they need. The unfortunate

(06:30):
people in the world, okay that need help, real help,
should get it. Never back down from that. People that
have health problems, people that have disabilities, people that are
down on their lock, people that have drug alcohol part
we need to help them. Well, we don't need to

(06:52):
help with the people. They just have their hands out,
unable bodied. That's what everything is changing. The more we
hear it, the more we see it, the more when
the government comes out and says we're cutting this expense
or cutting that expense, or you know, we're getting rid
of the fraud in medicaid, and the people that do
not belong getting it, they able body people that are

(07:14):
getting it, that's gonna get cut out. They got to
cut out fraud. That's where it saves the money. Not
the people that need medicaid, not the people that are
paid medicaid or over sixty five, Not those people whatsoever.
The people that figure out a way to scam the
government and be able to get paid and don't do anything,

(07:40):
those are the ones they have to come off. And
if you're illegal, which means you're not an American citizen
and you did not go through the correct procedures to
become an American citizen, which means you're illegal, you don't
deserve to get the money for the tax payers that
have been working hard to pay it. We got to

(08:03):
come up with a better system for them. I like
the idea that if we're if we're helping them go
back to the countries and giving them another way to
come in. I like that, But it's got to be quick,
it's got to be better, it's got to be refined.
But one step at the time with what's happening. This
is why the markets are hanging in there with everything

(08:25):
that's going on, because it's it's you know, obviously the
economy is not as bad as it's everyone says it was.
People are still spending, have the money to spend. Now.
The Jodge report has been obviously getting a little bit
troublesome on one side, But on the other side, with

(08:47):
the job numbers down, guess what interest rates are gonna
come down? The Fed's gonna cut and on Friday they
had the lower The mortgages have been at the lowest
level in years. The mortgage traders come down to the
lowest level in a few years. That's good stuff for

(09:09):
the American public. Energy prices have come down. It's one
of the reasons inflation hasn't run away. That's good news
for the American public. So we're balancing out with the tariffs,
and I know the Federal Reserve keeps saying we can't
lower interest rates for it. But the people on the

(09:31):
inside that know that the jobs are getting you know,
creation is not there like it wants to be. That
we need to do something before it's too late. Now,
the Federal Reserve, as you know, when VITAM was in
and inflation was coming fast and hard, and anyone that

(09:52):
knows anything about the economics knew that from the pandemic,
we had a supply shortage, which only meant everything got
tied up. It was very hard to get goods in
and the prices we're gonna have to skyrock. And in
the meantime, the Biden administration kept raising a minimum wage
across the board. Everybody who was getting more wages, which

(10:14):
on the one hand is a good thing, but on
the other hand, that isn't going to go back. So
we knew the inflation was not transitory, but the Federal
Reserve decided to keep telling us that it was transitory
until they no longer could tell us it was transitory.
They were late, just like right now, they say they

(10:37):
don't have to lower interest rates even though They did
it right before the election because the concerned of taris. Well,
taris might raise prices a little bit, and if it's
hurting too much, then you changed course. But I'm telling
you he's going to be laid again. Powell's going to
be laid again, and by the time he gets around

(10:58):
doing it, it'll be bigger. Will save the economy. The
cuts will be bigger. Maybe they do a half a
percent or a quarter and a half or something like that,
but it will happen. Lowest rates come down, mortgage, your
price comes down. It stimulates the economy. Home prices can
only go up so much. Remember that the supply will

(11:21):
become greater. Building will become greater again. People will come
out of the houses with lower mortgage looking for other houses,
and there will be a bigger supply, which means the
runaway problem with housing prices won't be there. But you'll
create jobs because people will be building homes again. They
will be buying furniture, they'll be changing things, they'll be

(11:41):
fixing up the houses again, and those things are good
for the economy. So why is gold going to new highs?
Don't know the real reason. Obviously, they're afraid of inflation.
But inflation's been here, it hasn't been really rising them much.
So that's that gold. I think it's fear. I think people,

(12:04):
you know, you're listening over and over and over again
to all these commercials and what to do. When people
finally said, you know what, I'm going to go ahead
and put some money in gold. It's rising, I'm going
to run and play that game. And there's fear. There's
fear because there's wars all around the world. As much
as we try to put peace back together, communist leaders

(12:28):
want to be powerful and still control what's going on.
Putin talks out of one side of his mouth and
does another stuff. Chi Kim. They all get together in
China and they have this wonderful, wonderful, most powerful showing
all their military on display with Putin, Chi and Kim.

(12:51):
What do you think they did that for? For the
American journalists, their newspeople have nothing to look what that's happened.
Trump is forced them to get together. They've all grouped together,
and they're going to come after us. That's the kind
of attitude that they put out there. But when we
do a military parade for the first time in a

(13:14):
very long time Trump is put down for that, Why
show that military strength. We don't need to do that.
We shouldn't do that. We don't need to be so
military strong and showing people our strength and take over.
We should be helping everybody, giving everything to everybody, taking
care of everybody. That's the media. We need to take

(13:39):
care of ourselves. But if you think about it, what
was this in response to with Putin? She and Kim
on how quickly Trump was able to get all those
European leaders together after he met with Putin and Alaska
to discuss what they're going to do with the war.

(14:02):
And Putin we don't know the details, we don't know
what they talk about. You know what, you got every
European nation together, You got Japan together, Australia together, you
got all these people showing the strength of unification. Well,
Putin knows there's no way he can fight anything, any
war if everyone's going to start giving Ukraine the material

(14:23):
that they need, so they show that strength. But our
media shows look at this, Look at these three nations.
They're communist nations. We're trying to have peace. They want
to build them up. Oh, we gotta be scared. But
do you think they will talk about our strength. How
about our strength? How about going ahead and talking about

(14:44):
our military, how strong we are, how we're gonna fight
it's very tough to take us on or do anything.
How unified we are with Europe. Rather than saying Europe
hates us, how about talking about us getting together at
a whim after that, talking about how we're gonna be unified.
It only benefits the world. Do you think that those

(15:05):
three countries can take on the world. Hell, no, China
cannot fight the world by themselves. Talk about oustreams, not
old weeks is. Don't talk about how strong everybody else is.
Think about this putin with big Bed. Russia has been
in the war for over two years with little boy Ukraine.
Everyone thought that Russia would be in and taking over

(15:26):
Ukraine very quickly. That doesn't work that way. I don't
want war. I want to end wars. I want peace.
But I don't trust people that talk out of one
side of the mouth and do another. But you know what,
that's gonna stop. You're gonna see something stop it. You're
gonna see you're gonna you're going to see the pressure
come pretty quickly. I think if they don't want to

(15:47):
sit down and discuss ending the war. You don't hear
anything in the Middle East, right now, do you out
of side? Out of mind?

Speaker 2 (15:53):
Right?

Speaker 1 (15:54):
But as soon as Israel there's anything that they can
write about how bad Israel is going into Gaza, then
you're gonna do it. It's just a little piece left
of Gaza. They're gonna get it. Then let's bring into
people that want to be friendly, that want to be
friends of Israel, and we get in that whole situation
over there. You know, people complain, they talk about Hamas,

(16:15):
you know, and the Palestinian people. You know. The one
thing I have not heard is why the borders a
Palestine of Palestine?

Speaker 2 (16:22):
Right?

Speaker 1 (16:23):
Nobody wants them. Why are they all shut down their
borders to the Palestinians. Why won't they take them in
refugee camps and get them out of Palestine. Nobody wants
to answer that question. What is the answer to that.
Are they afraid they're all mixed up with the Master
and the Muscle, be with their terrorist group, be infiltrating
other people. Maybe, But in the meantime, it's not the Palestinians,

(16:48):
it's Hamas that control the Palestinians. But the Palestinians, who
outnumber Hamas, allowed them to do what they're doing. Maybe
out of fear, not sure, but they did it. And
now they are the ones that become the shields for
Harmas when people come in and do it. Remember, October
seventh was not Israel going into Gaza and trying to

(17:10):
take out the Palestinian people. It was the Hamas coming
through Palestine and trying to annihilate Israel. How would you
like to live next door neighbor that doesn't just dislike
you and maybe call the police on you one at
a time and try to make it rough on you,

(17:31):
and you know, and and and maybe kick your dog.
How do you like it if they want to annihilate
every single person in your house and they publicly say it,
and they try to come after you, and they come underneath,
they come over the top, and they make it to
where you are either going to fight or you're going

(17:53):
to die. What would you do? And then when you
got basically control of it and everyone else is saying, well,
that's enough. If you can't go to their house, you've
already killed half the people and you can't do with
the rest, what would you do? You would go take
the rest of them ounts, so you don't need to
have anybody living next to you that wants to annihilate
your family. That's what you would do. Everybody would do that,

(18:18):
and then you would find somebody there, hopefully that would
be more friendly to who you are and not want
to annihilate your family, so you can live in peace.
That's as simple as I can put it. Over there,
we need to build all this we get rid of
these wars. Think about how the economic world would grow.

(18:40):
Just think about that. If we can go into the
Middle East and have all the companies around the world
globally be helping build up the Middle East. It's not
just it's not just Gaza. A lot of places there, Syria,
a lot of places. Okay, if I ran get some board,
think about it, it could be huge for the Middle

(19:01):
East to grow. Then Russia and also Ukraine, that all
has to a lot of places have to be rebuilt there,
and that's just the start. Then everybody yes in peace.
Then you start getting global trading going again. I don't
know why people are against all this, I really don't.

(19:22):
I don't know why they worry. The media puts us
out there that we're weak and everyone else is strong
that we're the ones that make them mad at us.
At the end of the day, if you're going to
be a leader, you're gonna piss off some people, but

(19:43):
you're gonna be respected. I don't like to be weak
and friendly, rather be strong and respected. And if some
people don't like it, tough, but they all come to
us when they need help. Remember that they all come
to us when they need help. NATO was stronger than ever.

(20:06):
Everybody was talking about how Trump was gonna break up
to NATO, get rid of NATO. His tactics worked to
bring NATO closer together. And guess what they won from
two to three percent of maybe paying not to five
percent of all agreeing to pay five percent of the
GDP to the NATO budget to make the world safer.

(20:28):
That's huge. That's huge. So with mortgage rates down and
hopefully keep coming down more, you'll see very good things
next year a year after. So with the markets where
we are right now, what I believe is going to

(20:49):
happen is we're in September worse one of the year.
It's gonna be back and forth, back and forth with me.
We touched up a new high on the S and
P right away, turn it right back down. You know,
it'll probably come down a little bit. We're in a
trading range right now about sixty four well, sixty four
fifty to sixty five hundred. But they break sixty four hundred,
it goes down to about sixty three point fifty, So

(21:10):
sixty three fifty to sixty five hundred. We've been going
back and forth for a little one hundred and fifty points,
you know, to three percent trading range that could stay
where it is. I believe we get through this. The
markets do respawn in a positive way. I think when
they lower interest rates, then it's going to be perceived
that we have a backstop there that the economy keeps
getting worse. They're going to lower interest rates to stimulate

(21:32):
the economy. I think with tariffs as a one time
deal that will happen. Price will go up. If interustrates
come down, it helps. On the other side, remember that
if you have to pay you know, a two percent more,
three percent, the more on something by the time it
comes to an end result. But interest rates come down
and now your credit card actually comes down five percent

(21:53):
on what you're paying or different interest rates, or your
mortgage rate is able to fall two percent, think about
how much greater that's going to be for you. It
upsets everything and keeps the economy rocking and rolling. Like
I've always been saying, we're in a very different We're
in a situation of things that are changing. When you
look back in five to seven, ten years from now,

(22:15):
you're going to realize that we are in the AI
infrastructure strangers that are going to keep growing and growing
and growing. Where we are different now than that, we're
not looking for that greatest companies there. We have them,
We know who they are in different areas. We know
the chip companies, we know the big ones. To try
to play the smaller ones, that's okay. They some of
them will get beat up, beat up, and some of

(22:37):
them are going to get bought out. And that's going
to be helpful for everybody. So as long as we
can keep going in that direction, I think you buy
these things on pullbacks. You raise cash when they things
get overheated. If we get a decent pullback here five
to seven percent, which means we go down to around
six thousand or so on the on the S and

(22:57):
P five hundred, you start looking for the fourth quarter
into next year, and I think those are going to
be good, good things. My last comment that I want
to make is what is wrong with our courts when
we want to allow MS thirteen people who we know

(23:23):
are bringing drugs, we know they are doing things, when
we actually get them and we want to lock them up,
send them back, do whatever, get them out of our
country where they don't belong. That the courts rule against that.
You know what I say to that, where are you
going to put them? Put them in the cities put

(23:44):
them in the jails in the cities that actually believe
this is okay. This is not okay. MS thirteen is
not okay. Terrorist groups these the car tells you want
to take on American military, go ahead, You're not gonna
win just because you want to keep getting your drugs

(24:04):
out there and you're an MS thirteen coming up from Argentina.
It's not gonna happen. And we finally have somebody in
the White House in the administration that says, you know what,
you can use your constitution. You can look at all that
I'm here to protect America. That's number one thing I'm
gonna do. Use your rules, use your courts. I will
win and get through that because you want to be safe.

(24:25):
I want to be safe. I don't need to know
that there's ms thirteen people that are in a country
that are trying to kill us, hurt us, destroy us.
The boarders are shut. These are the next things you do.
You get rid of the bad people that have come
in here. You get rid of the drug trafficking people.
You're the human trafficking people, and you start building up

(24:46):
when they're in We're getting there. I'm excited about it.
I think good things are happening. I'll be right back.
This is the Money Money Show. Welcome back, everybody. That's
the Money Money sholl We got Dave and Dylan and Todd,
myself and Sebastian all sitting here.

Speaker 2 (25:03):
It's a very important day. It's a very important day
in our nation's history. You know that, right, Well, you're
going to tell me my birthday? Wow? Have you birthday?
To me?

Speaker 1 (25:12):
Today's your birthday? Yes? I did not know it was
your birthday day?

Speaker 2 (25:15):
September seventh, Sunday, September seventh, Wow. Yeah, usually a national holiday.

Speaker 3 (25:21):
No.

Speaker 1 (25:21):
Usually we buy like they tell me, because and then
we buy lunch.

Speaker 4 (25:24):
Every bodyday Mondays closer or Friday could or Mondays closer
to you skip it.

Speaker 1 (25:32):
I think we just skipped it. I bought them way
too many lunches here for his birthday.

Speaker 2 (25:36):
We've we've done that for many many years. Just skip it.
So after long, let's go, let's go with that.

Speaker 1 (25:40):
How long you've been here?

Speaker 2 (25:41):
Twenty three? Twenty three years? Wow? Yeah? Yeah, yeah, I
couldn't find another job.

Speaker 4 (25:47):
Yeah, we will get into that almost almost how old
I am?

Speaker 2 (25:52):
Yeah, that's right, Todd, I've been here you you. I
showed up the day you were born, well a year
or thereabout. Yeah, in that general vicinity, you know. Listening
to the news, I'm not sure what the most important
story this week is now. If you listen to CNN
or MSNBC, it's probably Trump's health. You know, Trump died
last weekend.

Speaker 4 (26:11):
Yeah, I don't know what's going on with that.

Speaker 2 (26:14):
CNN had the Goofy whatever his name is on there,
and he was analyzing Trump's hand to look like it
had some marks on it, and his ankle was swollen.
I mean, they're just they're just praying that something he.

Speaker 4 (26:28):
Didn't analyze Biden.

Speaker 1 (26:30):
Biden was fine, prop them up. Look at him looking
at him around. He was like, they'll spend the spind
the tell and the Donkeys.

Speaker 2 (26:37):
Yeah, see, going back and forth between Jeffrey Epstein and
which they can't get off of. It's like a broken record.
I'm wondering how many times you have to play the
same song before people turn you off. Yeah.

Speaker 4 (26:49):
Not, I don't know. I saw some weird stuff with
the Epstein that's still who knows what the heck that is.
But yeah, I mean it's so funny how Biden was
just so clearly not able to do his job, and
then you have someone that is so clearly able to
do it, and then they're trying to use the same playbook.

Speaker 2 (27:05):
Doing it media like nobody's ever done it right, you know,
with a level of energy that nobody's ever had.

Speaker 4 (27:12):
It makes absolutely no sense. I mean, if you look
at all the tariffs, yeah, I mean, is it bringing
in all the money that's gonna take care of our deficit?
Probably not. Our deficits huge. I mean we saw that
we had the one month where there was somewhat of
a surplus we had, but that was more of just
an accounting quirk. We know there's still a large problem
and that's why we need interest rates to lower. And

(27:33):
that's what Trump has been pounding on the table for
over a year now, saying we need to get rates
lower because he knows what's coming next year when we
get the refinance all these treasury yields that we took
out in twenty twenty and twenty twenty one at these
new higher rates. So if we can get these rates lowered,
and now we're getting that because on Friday, the latest
jobs report came in lower than expected, causing rates to plummet.

(27:56):
Like Dean said in his monologue, mortgage rates are at
six point five percent for the Freddie MC mortgage. You
can find even lower now with good credits. So the
housing market seems to be picking up. You're seeing that
part of the economy, different sectors of the economy picking
up because of the lower interest rate environment. It's it's
gonna be interesting also to note, I mean the S
and P only up about thirty basis points this week.

(28:17):
The Russell two thousand Nasdaq heavily interest rate sensitive asset
classes up one point one percent this week. So the
tech the small caps got the bid because rates were
coming lower.

Speaker 2 (28:28):
What an interesting week in interest rates. So keeping my
money was labor d He shall we start on Tuesday,
come in the first right out of the shoot tariff,
more tariff tantrums, right, and and interest rates shot up.
Now what happened is, of course the court ruled the
Trump tariffs were illegal. No, I think the Supreme Court
will probably reverse that, and wanted to pay him back.

(28:50):
That was the thought, Well, you have to pay him
back if they're illegal. I mean, but Dean, if you google,
can the president levy tariff? Just google that and you
can see it clearly he can. Uh, there have to
be certain circumstances. Yes, can he justify those circumstances? Yes, absolutely,
it's like five different I think the Supreme Court reverses that.
So and that's why the market didn't rip. But on

(29:11):
Monday morning market sells off. Interest rates shoot up, and
Dean and are looking at each other, go, wait a second,
if you can't if you can't have tariffs, aren't the
tariffs what was keeping interest rates high? So if you
can't have tariffs, why are interest rates writhing? It's made
no sense at all, Right, and then the week jobs
report on Friday, of course it makes the FED break

(29:33):
cut on the seventeenth pretty much one percent.

Speaker 4 (29:36):
Yes, certainty, and probably even one more after that before
the end of the year. You would think, you know,
so maybe fifty basis points from here, And that's pretty
much what the one year came down. I mean, we're
we're at four for a while on the one year.
Now it's at three point six, so we're quite almost
there for the two cuts.

Speaker 2 (29:51):
Yeah, we saw the two year dropped to three point
five to ten basis points, the ten year four point nine.
It's actually twelve basis points.

Speaker 1 (30:00):
You're gonna see it on there. You're gonna see it
on the four.

Speaker 2 (30:03):
Huh.

Speaker 1 (30:03):
You're gonna see it on the four pretty soon.

Speaker 2 (30:05):
Yeah. I think there's it's kind of like oil. There's
a level where it needs to be that's good for everybody,
right where it's low enough that it doesn't create problems
with the deficit, but it's high enough where fixed income
investors can get a decent rate of return.

Speaker 1 (30:20):
We've always talked about this too, and it's so evident
no matter what good is going on, you never hear it.
All they want to do is talk about all the
bad stuff. Okay, you're always gonna have good and bad, right,
but you hardly hear anyone talk about the border anymore.
That's what or I ran, right, I ran, I ran,
and Israel haven't heard anything like.

Speaker 2 (30:41):
Israel's gotten very quiet, right, Yeah, all the stuff.

Speaker 1 (30:44):
But so they try to find things. So what are
they finding now.

Speaker 2 (30:48):
Epstein, Well, I got broken record.

Speaker 1 (30:51):
The other part is Chicago has fifty four murders over
the Labor Day weekend. Fifty four murders, and they they
are saying, you cannot come in here and help us
clean up. Look at DC that hardly anyone's talking about
how other than the President of course, because he's happy
about it. That how all of a sudden the murderweight

(31:13):
went down. So you know what's gonna happen is the
Giuliani effect, because I remember in New York it was horrible.
I mean, they were murders, there was crime, there was prostitution,
there was you couldn't even walk down the streets. It
was disgusting. He cleans it up, and basically the attitude
was not in my city. Right, So what's gonna happen

(31:34):
is the cities that want to get rid of all
this murder and everything are going to get cleaned up,
and they're gonna end up going to the cities, gonna
have a war zone.

Speaker 2 (31:43):
Yeah. I remember when I was training for this business
in nineteen eighty one. I lived in Manhattan for a
month and one night I decided to go to Times
Square and I'm walking from Times Square back to thirty
fourth in Lexington and Dean. I don't know what street
Times Square is on it you would probably know, But
how far that is from Times Square to thirty fourth
and Elects. I don't know. A couple of miles I.

Speaker 1 (32:05):
Walk back in No way, David, It's not a couple
of miles.

Speaker 2 (32:08):
A couple of blocks, Okay, a few blocks.

Speaker 1 (32:10):
It's only I think Manhattan's what, only three and a
half or four miles.

Speaker 2 (32:13):
It certainly seemed like it seemed like miles when I
was joking. There were people that were of questionable character everywhere.
And that was before Giuliani, of course, and it changed
it completely.

Speaker 4 (32:23):
Well, we talk a lot about here in Tucson, how
differences between the liberal Paul you know, Council and the
City of Tucson in the Pima County, where you're not
going to see the same type of homeless people vagrants
as Dave likes to call them.

Speaker 2 (32:37):
I like the new I like the new the what
the city called them unhoused, and I kind of like
that because that really does and everybody is unhoused. They
don't have a house. Now. Are they there because they
like drugs better than people? Are they there because they
have mental illness? Are they there because they're down on
their luck? It could be any of those things.

Speaker 1 (32:56):
But you know what what on house is really meaning?
Because if you say okay, means they don't have a house,
that doesn't mean they don't have money.

Speaker 2 (33:04):
Oh no, No, they.

Speaker 1 (33:05):
All get their good they all get their government checks,
but they still have their handouts.

Speaker 2 (33:08):
There's a gallon my neighborhood's got an ATM card I
see at the if she lives on the street, and
I see it at the ATM, well, you know, getting
money out of the ATM I had. Where did that
come from? I don't know. Now.

Speaker 4 (33:18):
You saw one guy that was a River and Campbell
and then went in his pickup truck and went home
after panhandling for a couple of hours.

Speaker 2 (33:25):
For a couple of years, we had someone who would
come down in this Coyota Park in our parking lot,
go to the corner of River and Campbell, panhandle all
day and then get in his car.

Speaker 1 (33:33):
You know what, if you think about it, that's you know,
when people couldn't afford home, they started with the mobile homes.
Remember big mobile home parks and people living there, less
expensive and stuff. Well, maybe what we got to do
for all these people that don't want to We need
to take somebody some of these vacant areas, dress it up,
put out houses in there, clean it up, make it there,
and they have to pay to be in there. I

(33:55):
mean it's a very.

Speaker 5 (33:56):
Low there's no way that's going to work.

Speaker 1 (34:01):
Well, you get them off the streets and then you
bring them there and either you stay there or you
get the hell.

Speaker 2 (34:04):
Out of it.

Speaker 5 (34:05):
But if it's public, it's not gonna work. I mean
you got to privatize it. It's going to be like
a public restroom. They won't government housing. I mean you
just at the end of the day, it'll be a
government They don't care on house, won't actually home ownership,
they don't actually sentence.

Speaker 1 (34:21):
They get their little plot that they went.

Speaker 2 (34:24):
I just wish the city council. I just wish the
city council was concerned as concerned about the citizens of
Tucson as they are about the unhoused. Yeah, that's all.

Speaker 4 (34:33):
Certainly, that's all.

Speaker 2 (34:34):
It seems like.

Speaker 1 (34:36):
So talking about changing names, you know, they just changed
the the what do you call it, the Department of
Defense to the Department of War. They did, Yeah, on
Friday afternoon, he signed the about this we play offense now, Yeah,
that's what you said. We're playing offense. Department of It

(34:57):
used to be called the Department of War. You know that. Yeah,
before World War Two. Before World War Two, it's called
the Department of War. So since then, after World War Two,
they changed it to Department of Defense. We're no longer
on the defense.

Speaker 5 (35:10):
We are on the offense.

Speaker 1 (35:12):
On the offense, I feel like we are behind it.

Speaker 4 (35:14):
Kind of been on the offense for a while, but yeah,
pretty much people get America's track record.

Speaker 2 (35:19):
Pretty much on the offense.

Speaker 4 (35:20):
We've been going around for a while.

Speaker 1 (35:22):
And they're also changing then. You know, they're referring to
the big, the big beautiful bill to something else too.
I forgot what they were going to call.

Speaker 4 (35:30):
It name for their changing out, they're changing that.

Speaker 1 (35:33):
Yeah, it's going to be the America something like not
something like the middle the middle the middle class, tax breaking.

Speaker 2 (35:42):
The Democrats. You know, the inflation reduction. Ay, I wish
it was one of the most inflationary pieces ever we got.
They got to call the Democrats, they are so good
naming these things.

Speaker 1 (35:54):
Well, if you notice, the Democrats are trying to do
what the Republicans do, trying to act like Trump Newsome.
And then now the Republicans have taken a page out
of the book saying, hey, let's change the names of
these things so they more reflect up what we really
want them to think. It was all right, we'll be
right back. It's some money batter show. Obviously we all
appreciate you calling.

Speaker 4 (36:14):
Welcome back to the Money Matter Show. My name is Toddlick.
I'm here with David Sherwood, Dylan Greenberg, Sebastian Borsini, and
Dean Greenberg. It was a rollercoaster of a week, but
it ended with jobs report that did not show the
job growth that we were expecting. So now it seems
like a certain you were going to get that rate cut,
and now it's a question are we going to have
this housing sector finally get a little bit of a push.

(36:35):
The it BTF has continued to push higher, I mean
the last two months, it's up quite significant, significantly, Dave,
you got your real estate friends, you're hearing anything here.

Speaker 2 (36:46):
He operates in a little bit of a specialized market.
Almost everything is seven figures with him. And he said,
we're just busy as can be.

Speaker 4 (36:56):
What about your subjective? Do you see for sale signs everywhere?

Speaker 2 (36:59):
For sales sign It's all over the place more every day.

Speaker 1 (37:03):
Hold on, hold on, I.

Speaker 2 (37:06):
Could be what he is as busy as you mean.
I don't see that home being sold, he said, No,
seven figure homes PM Canyon, the top of the MCA.

Speaker 1 (37:15):
But the one he said that busy at could be okay, No,
he said, he said, as he wants to be compared
to where he was.

Speaker 2 (37:23):
Remember this is a guy that three months ago said
there was there's blood and the streets with the real estate.
He said, it is dead. And I talked to him
three weeks ago and he said, I know of real
estate's not doing well, but he said, we are busy
as can be. And just coincidentally, he's thrilled.

Speaker 4 (37:39):
He turned around for that guy. But you still think
there's a lot of for sale signs figure homes.

Speaker 6 (37:45):
Is he seeing people do mortgages or pay cash?

Speaker 2 (37:48):
Yeah, in that area, cash. Okay, that's why exactly, because.

Speaker 6 (37:52):
Housing prices are coming down in the sense I keep
seeing price cuts, so that's what they were waiting for.
And they don't care about the mortgage rates, so they're
just gonna buy cash or pay cash.

Speaker 2 (38:00):
Neighborhood in the four little historic district, very few houses
come on the market, and when they do, they sell
very quickly as a desirable area for whatever, you know whatever.
And my house in my neighborhood came on the market,
and that's going to be interesting in this environment to
see what happens two days, all time record high for
their neighborhood.

Speaker 4 (38:20):
You must live in a great neighborhood. How was your
first sale?

Speaker 2 (38:23):
Science it's a desire.

Speaker 4 (38:25):
Did you see for sale signs?

Speaker 6 (38:27):
I mean, I have these Zillow emails that come through
to my email all the time, and they just what
I've noticed more is that their price cuts to the
same houses that I've been on the market before. And
that's probably why some figures are working are selling more
because like I said that, you know, one hundred thousand
dollars price cut on a one point a million dollar house,
that's enough that they're going to go buy.

Speaker 2 (38:45):
I probably told the story before. But there's a gal
that recently became a client of ours and she relocated
from Santa Barbara to Saddlebrook. And I thought, why would
you leave Santa Barbara, which is one of the most
beautiful places on earth? Right? And I asked, I said,
why would you move from Santa Barbara. It's just so
she said, well, we bought this house for two hundred

(39:05):
and fifty thousand dollars twenty five years ago. We just
sold it for three million. She said that I was
able to move here and for six hundred thousand dollars
buy a house was waynicer in the house we had
in Santa Barbara. I bought a five hundred thousand dollars
motor home and we got a couple of million in
the bank. That's why. Yeah, And so that's the kind
of person that my friend is encountering in his business.

Speaker 1 (39:28):
Right.

Speaker 4 (39:29):
But if you also look at just straight up, you know,
first time homebuilders, they're doing really good as well still.
I mean, they're new homes are still going up, new communities, new.

Speaker 2 (39:38):
So folks are both in the in the building industry,
how are they And that's in the modest price range, right,
what's going on there.

Speaker 4 (39:44):
Yeah, I mean that if you look at KB Home, Lenar, dr, Horton, Meritage,
they have all bottomed out about two months ago, and
their stock price has done well because their sales are
still coming through good. And if you have lower interest rates,
that's going to help the people that need it, right,
the people are going to be taking out those mortgage rates.
They're still offering the lower rates, so if it is

(40:06):
six point five, you could probably get five point five.

Speaker 2 (40:08):
So they're buying it down.

Speaker 4 (40:10):
Yes, okay, yeah, it's part of and and you know,
the home prices aren't necessarily going down for them, and
they're you are getting a little bit nicer of a bill.
You're not buying an existing home, so you pay a
little bit of a premium. And I think people are
willing to drive further to their place of work to
get something that they exactly want, rather than being forced
to buy in these some cities around the country that

(40:32):
are so expensive now, They're rather going to the outskirts
and willing to take that drive to work and not
have to pay, you know, two hundred thousand dollars premium
for location.

Speaker 2 (40:44):
I've seen a lot of construction un there's a lot
of building going on your area, tide. Yeah.

Speaker 4 (40:48):
Well, I mean if you look at sa Rita, glad
and Farms, Veil, Tucson, right, it's all. But if you
look at Phoenix is similar. No, it takes me thirty minutes.
But if you look at like Phoenix, you have Gilbert,
you have Chandler, you have Peoria. Glendale was built out
because of that exact fact. It was just close to Phoenix.
That's what happens, especially in Arizona right now because of

(41:09):
this wave effect. This by coming from Nevada or California
or these big states with huge unrealistic housing prices, you
come here and you can buy really affordable homes in comparison.
And then on top of that, we have this huge
tech boom going on in the valley right now, and
we have companies from I mean, the biggest foreign investment

(41:30):
of all time in the history of United States is
right there in Phoenix, right. So there's a lot of
money being built. The Silicon Valley is kind of being
moved over here. So it's going to be a very
interesting long term space for Arizona. I'm very bullish on Arizona.

Speaker 2 (41:44):
Well, in Phoenix could go to Phoenix, says it's exploding. Yeah,
it's just exploding in size. And of course it's a
much more growth oriented government there, not quite as but.

Speaker 1 (41:54):
It's moving all the way down to Gilbert. You know,
Channel was always built up. Now it's gone down to Gilbert.
So eventually between lill But and you know, and here,
that's where they're gonna they'll stop building there too.

Speaker 6 (42:05):
They have all those big factories right now. This can
become more and more.

Speaker 2 (42:08):
That's what actually doing pretty well, isn't.

Speaker 6 (42:10):
That's the next step. That's most land that they can
find to build these huge factories on.

Speaker 2 (42:15):
Your Castle Grand, expanding north or south. Eventually the whole
thing's hooked together.

Speaker 1 (42:18):
Well, that's why I don't understand why they haven't started
a high speed trade.

Speaker 4 (42:22):
I know we all want it, we want to hear
and I would take it.

Speaker 6 (42:26):
All the issues with the land and the reservation I
think that's part of the issue.

Speaker 4 (42:31):
I also heard there's second extreme regulation red tape.

Speaker 2 (42:34):
That reservations are an issue.

Speaker 1 (42:37):
Put a monologue, a monobail up, you know, hang it.

Speaker 2 (42:41):
Ask yourself, why from Castle Grand to the fourth largest
city in the country, we have a two lane road,
you know.

Speaker 1 (42:46):
Right, they shot there there there there, councils shot it down.

Speaker 4 (42:52):
No, they're expanding it now.

Speaker 1 (42:54):
Now they all be shot it down.

Speaker 6 (42:55):
I mean for years going growing up, going to games
up in Phoenix and stuff. Man, that bottleneck was I believeable.

Speaker 2 (43:01):
And it's the reservation right there. And of course the
reservation is going to allow that only if you give
them something. Right, There was a lot of give and
take going on, but apparently it's going to happen now
and hopefully in my lifetime.

Speaker 4 (43:12):
You know, I heard an interesting point. You know, all
these liberals will push that you have these Native American
tribes that they deserve their homeland and their ancestral land,
and you're walking on it. But then when it comes
to the Jewish people, there's like that argument doesn't apply.

Speaker 2 (43:27):
No, no, it only applies when it.

Speaker 4 (43:29):
Works right, right, makes absolutely no sense.

Speaker 2 (43:32):
Good economy. It's just week the ism manufacturing number still
in recession, but improving. Ism services sector, which has been
slowly declining, improved, So they.

Speaker 1 (43:43):
Got a lot of good Listen, the economic numbers are good.
That's why the market's holding in here. Interest rates are
going to come down, That's why the market's holding in there.

Speaker 2 (43:50):
Next week's a big week. We've got This is interesting.
They've reversed them. We've got PPI on Wednesday and CPI
on Thursday.

Speaker 6 (43:58):
One particular reason. Oh no, that's always CPI's first.

Speaker 2 (44:02):
EPI always comes first. That CPI, of course, much more important.

Speaker 6 (44:05):
You're just trying to mess with your routine, Dave.

Speaker 2 (44:07):
You're messing with there. They they gotta quit messing with
me doing I know, Well, why was oil down two bucks? Dean?
What do you think?

Speaker 1 (44:14):
And she price has been coming down yeah, okay.

Speaker 6 (44:17):
Yeah, but gas is still three fifteen on the gas
stations I go to, which is crazy because there's three
to fifteen. Prices were at seven two dollars.

Speaker 2 (44:24):
I don't know.

Speaker 4 (44:24):
Well, we talked about this a couple of years ago,
and one time when the oil prices were so low.
We understand one of the listeners was telling us that
they do this annual maintenance at that plant. Yeah, and
when they do that, it kind of messes up the refinery.
The refinery, right, So maybe that's just they're doing that.

Speaker 2 (44:40):
And it's that every year for forty years.

Speaker 4 (44:42):
Right, and so appreciate that listener. I told us that,
but and there things he never.

Speaker 1 (44:47):
Listened and their eyes it was three sixty five down,
it was down to three ten. They they You know,
everyone says that they bring it down slow, and they
raids it fast.

Speaker 2 (44:54):
You know that I've got a housekeeping thing I totally
forgot about from last week, do you. I was so
excited to tell every about our five part Netflix show
that we both enjoyed, and I said, make sure to
check it out.

Speaker 7 (45:05):
It's called Escape. It's not called escape, it's called Hostage. Yeah,
it's about escape, but it's called hostage. Five part Netflix
series Hostage. Dian and I both enjoyed it. I think
you will too. It's a political thriller. Canada involved England
and France, doesn't involve Trump. They don't pick on him
at Also, you might actually enjoy enjoy watching.

Speaker 4 (45:28):
And talk about another asset class new all time high
for gold absolutely ripped higher this week, one hundred and
forty three bucks higher, three almost thirty six hundred dollars,
just a couple of dollars away from it. That thing.
I mean, what what's going on there, Dean? We got
central banks they just have to be buying it.

Speaker 1 (45:45):
Well, it's got to be That's what it's got to
be going high because of that, because it's some goes
some inflation, right, it's already there, but it's also some people.
You know, it's you know, you're getting it's pushed very
heavily right now. You see commercials all over the place,
and and people say, oh, it's going up, let's buy it.
And I do think that the central banks of buying
buying it. And then you put Putin and Chi and

(46:06):
Kim together and everybody gets nervous. It's gonna be world
War three or something. You know, Okay, so what are
you gonna do with your gold? Yeah, there's world War three?
What are you gonna do with your gold?

Speaker 2 (46:15):
Yeah?

Speaker 4 (46:15):
That's always been the kind of I mean, the end
of the game theory idea of gold. It doesn't really
like if the whole market system falls apart, do you
have a valuation for gold at that point? You can
care more about food and ammo, right, if it gets
to that side of things. But we hope we were
not going to get into World War three, and if
we don't, we know what we're gonna need. It's a
lot of energy.

Speaker 2 (46:36):
It's interesting, but it has moved so steadily higher, and
I've watched it for forty years, it's moved so steadily
higher to numbers that we never dreamed we'd see that
someone some central.

Speaker 1 (46:48):
Banks, Well they probably, I mean, I'm sure they're trying
to do it. So you know they're thinking that maybe
one day, well you know, they're gonna reduce the effectiveness
of the dollar.

Speaker 2 (46:57):
Right, that's all part of that. Yeah, I think it's
all at camp to undermine the doll.

Speaker 4 (47:02):
And also you know, try to put a focus focus
light on our debt issue. Right, if gold keeps going
up in value because we keep printing money and then
where the world reserve currency and causing the inflation around
the world, that gold should keep going higher. I mean,
that's why bitcoin and theory would go higher.

Speaker 2 (47:18):
We didn't finish up about three percent.

Speaker 1 (47:19):
Wow, all right, listen, Remember we're doing those financial planning seminars.
Go to a website check them out. The first one's
coming up in a couple of weeks. We limited to
fifty people. We hope to see you. They will talk
about it after this shortbreak that we got to take
at the top of the as well. Thank you for listening.

Speaker 6 (47:36):
Welcome back to the second hour the Money Matter Show.
Thank you everyone for tuning in. For those of you
just tuning in, the Dow was down point three percent
last week, the SMP five hundred was up point three percent,
the Nasdaq was up one point one percent, and the
Rustle two thousand was up one percent, equal way to
S and P five hundred was down point one percent.
So you're to date. You got the Dow up six

(47:58):
point seven percent, you have the S and P five
hundred of ten percent, and the Nasdaq is up twelve percent.
So tech is leading the way like it did last week.
And that's huge help from Google not having to sell
his Chrome browser, not having to deal with a lot
of the anti trust that they had, their issues, legal
battles they had turned out to not be so bad
for him. They and Apple got to help from that
as well, because Google can still pay them twenty billion

(48:19):
dollars a year to be their default search engine.

Speaker 2 (48:23):
Yeah, that was competitions.

Speaker 6 (48:24):
I did great weeks. Yeah, and then later that week
Google got another anti trust lawsuit from Europe. So and
then Trump wants to sue Europe because they're suing Google.

Speaker 4 (48:35):
Well, he also wants to fire the FDC commissioner. That's
been really just super annoying. To all businesses trying to
offer better products. So I'm all for getting the FDC
commissioner out of the way. It brings to studid.

Speaker 2 (48:46):
It's a whole Google, The whole Google search engine lost
it due to the advent of Chat GP. You know
all that they have so much competition now, Yeah, the
whole thing is moved.

Speaker 6 (49:01):
Well, and that's what the article said, is that that
was pointed out during the lawsuit that that came as
a change to the case because Chat, GPT, Perplexity and
all those companies have taken a huge chunk of people
who just go search for answers like they used to
use Google. Now they go to Chat, and now they
go to Perplexity. Now they go to other jen Ai companies.
So it's not just Google. And that's ultimately why I

(49:22):
think they had a little They didn't have as bad
as answers or final ruling.

Speaker 4 (49:28):
I mean, the stock pop ten percent on the week,
new all time highs for Google. Another company that popped
high was Amazon. Now they had a similar ruling. Well,
they had an anti trust brought up to them. But
again with Trump saying that he wants to fire this FTC,
it kind of was the Master's like, maybe it's not
really something we need to worry about. So they got
another pop. Apple gets a pop. I mean, all of

(49:49):
Max seven, even Tesla. I'm not sure why other than
the fact that they're kind of re talking to pay
again for I mean, I saw a trillion dollar packages.

Speaker 2 (49:58):
A trillion dollar pay package for him, right, And that's
the first person, you know, the stock would the company dominates.
The company dominates the EV space, but increasing competition has
been eating away, leaving them with a puzzling price earnings
ratio of two hundred on Tesla. Why would you buy
a stock with a PE of two hundred whose business

(50:18):
is declining? Right? It makes no sense at all. But
over the weekend, Musk tweeted that the company's future is robotics, right,
he said. He said, within a few years, robotics are
going to account for eighty percent of the company's revenue,
so that that will render the EV business it's just
kind of a small subsidiary, right eight. And that's just

(50:41):
I think that's just pining the sky. But what he's
trying to say is this isn't about electric cars anymore.
It's just about robotics, and people are buying.

Speaker 6 (50:51):
It, they're saying, So the pay package is tied to
market value of the stock and units sold. So what
if units don't necessarily in the electric cars? They mean
the robotics, And all of a sudden he's selling that
many robotics robots in the coming years. And then all
of a sudden, you got that package.

Speaker 2 (51:07):
Now we're talking about this humanoid robot. This is like
a human rights who's gonna buy one of them? What
do you want want?

Speaker 6 (51:13):
People? Probably?

Speaker 2 (51:14):
Why do you want it?

Speaker 6 (51:14):
Because it's gonna do You're gonna put it in a factory.
Maybe it's gonna be like a mate, you're gonna do laundry,
You're gonna cook for you.

Speaker 2 (51:20):
I don't want that walk around my house. My daughter
has one of those zoomba vacuum room, but it drives
me nuts. Every time I go there, I unplug it. Uh,
it just drives me. I don't want the thing moving
to a wall. It's like walking into Q T. Now
they've got that. They walked into QT. Lately they've got
little robots and QT, every one of them washing the
floors constantly. Hi, I'm washing the floor. Sorry, sorry, excuse me?

(51:43):
Washing the forest? Why not baddest, annoying. I don't want
anyone in the house besides my wife. The grandkids come over.
You know, it's good for a short stay, but I
don't want them living there. No dog, No dogs.

Speaker 4 (52:01):
It's hard for me.

Speaker 2 (52:02):
Dogs all my whole life, but my In two thousand
and seven, my daughter went to college and our favorite
dog died, and my wife and out with other than
each other. This works, It's beautiful. You don't have to
worry about what to do with the dog when you
leave town. You don't have to worry about coming home
and cleaning up some mess the dog is made. You

(52:23):
don't have to worry about what to do when the
daughter leaves town, what kind of mess she's made. It's perfect.
I like it.

Speaker 4 (52:28):
Yeah, do have to care for something?

Speaker 2 (52:30):
Remember Toddy, after labor day now, and you can't wear
white after labor day. You know about this, right, you
know about this? No white after labor day? You know? No.

Speaker 4 (52:37):
I was so, where did it come from, Dave?

Speaker 2 (52:39):
Have you ever heard of that? Yes, it comes from
it comes from New York. Obviously, so many things to you. Okay,
So in the summertime, the Risch New Yorkers would go
to the Hamptons and they would wear their sailing uniforms
and their white slacks and then they would then they
would come back to the dirty city where white is
impractical and so no white after labor day. Wow, how

(53:03):
about that? So you learn something every day on the
show or something. Anyway, the EV sale thing is kind
of interesting because we talked about Tesla. Now EV sales
globally are exploding. You know, you get a lot to
talk about inventory pile ups, and it's because the Tesla's
demand is slowing because of competition. But in Europe they're

(53:26):
get to get squashed because of Neil. Neil's got this
government subsid going on the Chinese EV maker and they're
now producing cars and you can buy for thirty five
hundred bucks thirty thirty five thousand bucks. I'm sorry, thank you,
thanks for correcting me in that. I'll go buy one
Cadillac twenty five percent. I was surprised at this number.

(53:47):
Twenty five percent of Cadillac sales through the second quarter
of this year are electric, twenty five percent. In the
last sixty days, it's been over thirty three percent. A
third of all Cadillac sales have been electric. Now we
know Mary Barra, the CEO of GM, has been pushing
hard for that. As long as we're talking about cars.

(54:10):
Did you see where Toyota and Honda got a little
pop on Thursday after Trump's after they said that they're
talking to the Trump administration about reducing their fifteen percent
tariffs to something lower than that. At the same time,
GM and Ford are paying twenty five percent to get
parts from Canada and Mexico. That doesn't make any sense now,

(54:34):
So here's my thinking. Ford has a dividend of five
and a quarter percent something like that. Right, it's been
mired in this eleven dollar range for seemingly forever. What
were to happen if he were to come out and
lower the tariffs on Ford and GM from Canada and Mexico,

(54:54):
you probably get a real nice poping Ford potentially.

Speaker 4 (54:57):
Yeah, I mean, I don't think there's a rhyme of reasons.
Sometimes with us, it's just what companies are going to
give America the most money. I think is really where
Trump's loyalties stand, not necessarily if you are an American company.

Speaker 2 (55:08):
Right, and again, we talk about a lot of stocks
on the show. We're not recommending any stock to any
person We don't know your risk tolerance, we don't know
your investment objectives. We're not recommending that you buy for it.
I'm just saying with a nice giving in like that,
it seems like there may be some good news on
the horizon. If in fact he lowers tariffs on Japanese carmakers,

(55:30):
how do you not lower tariffs on US automakers? If
you're all about Maine in America.

Speaker 4 (55:36):
You would think so. The show is possible by Greenberg
Financial Group. You can listen on seven to ninety CANSD
or a higher radio. The show discusses different investment products
and strategies. Every product and strategy has some type of
inherent risk, and we strongly encourage our listeners probably understand
the risk to determine whether to buy, sell, or hold.
This show has been on the air for over thirty years.
The Greenberg Finance Group is registered with the SEC and
you can visit our website Greenberg Finance dot com for

(55:57):
more information. And you know something we were talking about
a lot this week, well, probably more so on Friday RFK.
He's been testifying in Congress and then on Friday making
this link to autism with pregnant women using tail and
all during their pregnancy and autism resulting ken View stock

(56:17):
dropped around twelve percent off the back of that news.

Speaker 2 (56:20):
That View is the Johnson and Johnson spinoff that has
their consumer.

Speaker 6 (56:23):
Products, right, Yeah, they have time.

Speaker 2 (56:26):
Though now other consumer products.

Speaker 4 (56:28):
Correct, many people have know the brand tilent on. It's
a very prominent brand. So very big news. Whether it
is true or not, it is probably.

Speaker 2 (56:39):
Say, very big speculation. Now it's so much very big news.

Speaker 4 (56:43):
Well, it is news, whether you think it's true or not.

Speaker 6 (56:46):
Yeah, it hits the stock big time, regardless.

Speaker 2 (56:48):
Of r FK got ripped.

Speaker 4 (56:49):
A party back to news is not the same thing day.

Speaker 2 (56:51):
We know that, so it's it's it's an interesting He's
an interesting guy, That's all I say.

Speaker 5 (56:56):
You know, while we speculate sometimes we do not give
recommendations on the show.

Speaker 3 (57:01):
But smash, we were coaching football coach high you know.

Speaker 4 (57:12):
It was a tough one, a little coach. Guys had
a really good game last week, but it was just close.
But no, cigar, you're on Friday night against so point,
you guys are gonna pull off an upset.

Speaker 5 (57:25):
I hope so is that week.

Speaker 6 (57:26):
That's that's tonight. This is tonight point South there at home.

Speaker 5 (57:33):
Come check it out.

Speaker 2 (57:34):
Oh boy, that's a tough game, Badgers.

Speaker 4 (57:38):
I'll be supporting the crew coming Dave.

Speaker 2 (57:42):
Oh absolutely, yeah, thanks greature. If I'm not don't don't
ask about me. I got hurt or something.

Speaker 6 (57:47):
You were got crazy for your birthday the past thirty
on Thursday and that I was coach.

Speaker 2 (57:52):
Yeah, my grandson's playing football game and I'm thinking, boy,
this is why old people are not parents.

Speaker 6 (57:58):
Hey, getting back to stocks though, just got a live
update that app Lovin and robin Hood are being added
to the S and P five hundred.

Speaker 2 (58:05):
Robin Hood finally to every time they add stocked to
the five hundred robin Hood's like, okay, robinhood stock runs
up there, fall depart, all depart So this time probably
we didn't run up and yeah.

Speaker 6 (58:17):
So app Lovin is taking the place of market Access Holdings,
and Robinhood has taken the place of Caesar's Entertainment. The
casino that is struggling, the Hotel Vegas We've been talking
about some struggling. It's been they've had less and less
visitors over the last eight months. They're going back to
trying to find people. The incentives to bring them there,
So they're giving them the promotions of Vegas, Vegas, Yeah,

(58:38):
which is Caesar's Entertainment, the casino and all that. So there,
they dropped out of the S and P five hundred
and robin Hood took their spot. But I mean it's
Vegas has been struggling.

Speaker 5 (58:46):
I mean, robin Hood has kind of gone full Djen
degenerate mode because you can now place prop bets on
robin Hood. Now you could place future bets on robin
Hood and you can do whatever you want on pretty cool.

Speaker 4 (58:56):
Why are you to buy equity into open Ai? Open
Ai themsels elves had to come out and say, this
is not your equity. Now, there seems to be some
way to do this in a roundabout way, but there's
no way to really truly trust it. And yeah, some
of the things robin had does, you're just like, well,
I don't know how we.

Speaker 5 (59:14):
Talked about We talked about how they were gaining a
lot of users because they were they implemented a three
percent match on their roth Ira and IRA contributions. So
you open up an account, you put seven thousand dollars
and you make two hundred and ten dollars right off
the bat three percent? How does that work?

Speaker 2 (59:29):
That's interesting.

Speaker 5 (59:30):
It's like an interest payment is.

Speaker 2 (59:32):
Interesting because we're limited in what we can I think
it's one hundred bucks. It's the maximum we can give anybody.

Speaker 5 (59:36):
Or right, right, And I just wonder how that's It's
obviously not going to be coded as a contribution because
if you put seven thousand in, you're over your limit.

Speaker 2 (59:44):
Bizarre. I thought the Draft Kings just you know that
right now? The par ball is, what's the second largest
in history?

Speaker 6 (59:50):
It's like one point go in.

Speaker 2 (59:51):
Yeah. It annoys me when it gets big like this
because like you're gonna one person, why don't you give
it a thousand point? Now? Yeah, a thousand people divide
up on so you're gonna give it to one or
two people. They're probably eighty years old, you know, I mean,
come on, what are we doing here? This is this
is crazy. Draft Kings are selling tickets to the lottery.

Speaker 4 (01:00:11):
Oh really, yeah you got We're not even got a division.
I guess I don't know you ever played the lottery.

Speaker 2 (01:00:18):
I buy a scratcher every weekend. There you go, how
much by four one k? That's my four one k?

Speaker 5 (01:00:29):
You know that's good?

Speaker 2 (01:00:33):
Hey, you want to fund fact, I got a fun
fact for you. Okay, I use various search engines. This
came up. Someone asked me this question. I don't know
where it came from, but I got me thinking, what's
the number one performing stock over the last fifty years?
Number one performing stock over the last fifty years when
they're ound a tobacco tobacco, which makes sense, right, You've

(01:00:56):
got an addictive product. You can raise the price whenever
you want. So. Yeah, And interestingly, not only were the
number one performing stock over the last fifty years, they
were the number one performing stock over the last one
hundred years. All right, A lot of the stocks are
twenty five years. Okay, ask about twenty five years. Number
one Oventive. It's an energy company, oh, Ventive? Number one

(01:01:18):
over the last twenty five years. Number two Monster, Monster Beverage.

Speaker 4 (01:01:23):
Did you did you? Chad? You be to you that?

Speaker 2 (01:01:26):
Yep? Over the last ten years, number one and video
obviously Number two, not surprising, Sterling Infrastructure, which builds data centers.
That makes sense. And over the last five years number
one was Applied Digital, which I found interesting. Applied Digital,
huh Yeah, over the last five years, gotcha? Best investment
of all time. How about that? This is from me.

(01:01:47):
I came up with this myself.

Speaker 4 (01:01:48):
It's got to be this.

Speaker 2 (01:01:49):
I didn't google this.

Speaker 4 (01:01:50):
It's got to be pitcoin.

Speaker 2 (01:01:52):
I think it's the nineteen thirty five one Detective Comics,
who is now owned by Warner Brothers, bought the rights
to the two year old Superman care for one hundred
and fifty bucks. Speaking, that's pretty good investment.

Speaker 4 (01:02:03):
Yeah, but bitcoin, no, I think that you thought about
it for a penny. It's worth a hunt.

Speaker 2 (01:02:09):
All of the revenue that came from all of the
Superman and stuff for one hundred and fifty.

Speaker 4 (01:02:14):
Bucks, Well, that's a business.

Speaker 2 (01:02:15):
Last week it dwarfs bitcoin.

Speaker 4 (01:02:18):
That's not That's not the same as a stock mark.
Do you think it's the greatest buy?

Speaker 5 (01:02:21):
Do you think your stats account for like stock splits
and whatnot?

Speaker 2 (01:02:24):
Yeah, okay, I don't know why they wouldn't. Yeah, right, man,
I didn't. I didn't get real. What's the best performance
stock over the last five years?

Speaker 1 (01:02:30):
Al right?

Speaker 2 (01:02:30):
Right? And I asked Google and I asked chat GPT.
I sure they would agree.

Speaker 5 (01:02:35):
Speaking about stock speaking about stock splitz, we talked about
a reverse stock split. Last week, we talked about Lucid
Motors and how that was going to start performing after
you know, the kiss of death happens.

Speaker 2 (01:02:43):
We predicted that the reverse split to around twenty right.

Speaker 5 (01:02:48):
Up, and it opened up around twenty two on August
I believe twelfth, right right, and then.

Speaker 2 (01:02:54):
Okay, so it was twenty two when it's flit.

Speaker 5 (01:02:55):
September fourth dropped all the way down to fifteen dollars
a share, down thirty percent.

Speaker 2 (01:03:00):
I was surprised to see it rally at the end
of the week. Finished the week at.

Speaker 5 (01:03:03):
Eighteen eighteen thirty three. I had a fourteen percent rise
on Friday.

Speaker 2 (01:03:07):
On Friday fourteen on Friday to be down twenty percent
since it's split. Yeah, And I'm telling you, if you
have a stock that goes through a reverse split, you
need to sell it. It's just it's just not a
good sign. Ge would be the one exception to that.
Other than that, I do not remember a stock in
my forty year career that's done well after a reverse.

Speaker 6 (01:03:31):
There's so many opportunities in the market that it's just
once you're holding on too. It's just that confirmation bias
where you just ever sunk money costs all that stuff.

Speaker 5 (01:03:38):
Right, there's just a better area to put their money.

Speaker 6 (01:03:40):
You want it because you already have it, so you're
hoping that it goes back up. So you're right, and
in reality, just take your losses and move on because
there's so many better options out there.

Speaker 2 (01:03:49):
I'm tired of picking on to be ashion about Noble Nordy.
Oh my goodness, let's talk about let's talk about your
Lulu Lemon.

Speaker 5 (01:03:57):
Yeah, let's talk about it.

Speaker 2 (01:04:00):
Lula and I both had lul Living. Unfortunately we got out.
We got out and made a profit. We made a profit.
We did They brown like fo share business, would you like?

Speaker 1 (01:04:12):
Yeah?

Speaker 5 (01:04:12):
I mean, it's just an athletic wear company. It's very
popular within you know, the young demographics, especially in colleges.
Colleges have implemented you know, you of a now at
their books there bookstore sells U of A, Lululemon, Span,
Dex and shirts and whatever. It was a new big craze.
And then everybody started to enter this market. So like Dylan,
he likes Fabletics, Right, that's another competitor, and it's been

(01:04:36):
thinning these margins over the past two to three years
to the point that stock has just plummeted. You know,
all the growth that was incorporated into the stock is
now gone. Uh, China has not helped them. I thought
that this earnings report, I was interested to see how
they were going to perform, just because I thought that
China was doing a little bit better in the you know,
the last couple of months didn't do anything. Obviously, dropped

(01:04:56):
seventeen twenty percent on Thursday and.

Speaker 2 (01:04:59):
It's twenty nineteen. Yeah, lower than the pandemic when all
the stories were closed.

Speaker 5 (01:05:05):
I still think that there's a lot of brand loyalty
within the company. We'll see if you know.

Speaker 2 (01:05:10):
Fourteen times earning time. Whoever thought you'd see that with Lulu.

Speaker 6 (01:05:14):
No and remigerated market.

Speaker 5 (01:05:17):
It happens that when it first started was when the
product designer, I forget his name, but he left the company. Man,
that's a good point a year and a half, two.

Speaker 2 (01:05:23):
Years ago, and actually about a year ago, I think
you said that your girlfriend had kind of given up
on it.

Speaker 6 (01:05:30):
Well, yeah, I mean like we're started buying Fabletic stuff.

Speaker 5 (01:05:33):
It's cheaper, cheaper, same same stuff.

Speaker 6 (01:05:35):
Yeah, pretty much. I mean last is still doing well
for me. It's not ripping up even though it's cheaper,
so the material is good. And that's we started using
that we got a deal.

Speaker 5 (01:05:43):
It's kind of on it. I remember the water bottle
trend when it was first a Stanley water bottle and
then it was like Yet it's kind of like that.

Speaker 2 (01:05:49):
Yeah, an interesting thing I came across this past week
that really I thought it was shocking because it's so
contraar to how you think it's about office space. Over
the last twenty five years, on average, roughly thirty two thousand,
thirty two million square feet of office space were leased
in a given year. In Manhattan, thirty two million square feet.

(01:06:11):
Twenty twenty four are leasing returned to that average for
the first time since the pandemic. August, it jumped another
twenty percent and is on track to make twenty twenty
five the biggest year ever for leasing office space in Manhattan.
I was really shocked at that. We're all kind of
the mindset whether all people are all going to work

(01:06:32):
from home and these buildings might as well just be
torn down or turned into bowling alleys.

Speaker 4 (01:06:36):
Or I mean to play Devil's advocate, though I think
Manhattan probably the worst city. You could take that and
extrapolate that to the rest of the country.

Speaker 2 (01:06:44):
It's the canary, It's the canary in the coal mine.
I mean, it's going to be the first. It's going
to be the first. It's gonna be the first.

Speaker 4 (01:06:50):
Tisily that way Manhattan set up, everything's so close.

Speaker 2 (01:06:54):
To so Todd, you perceive if you look at the.

Speaker 4 (01:06:58):
West Coast, it's vast different on the work from home
culture than it is on the East Coast. It's more
I would definitely think, way more often than completely different.

Speaker 1 (01:07:09):
In New York.

Speaker 6 (01:07:09):
Don't even have cars, they don't have licenses.

Speaker 4 (01:07:11):
Set up everywhere, or they walk.

Speaker 2 (01:07:14):
That was interesting that there is a there is life
after death. And then to add to that, what's the
world's largest sovereign wealth fund. I would have not gotten this.
Very good, Todd. I'm shocked, very good. Really, you know,
I know you're a smart guy. That's very good. I'm
very impressed. Norway. Yeah, they're going to put five hundred

(01:07:34):
million in Manhattan office buildings and invest five hundred million.
I was surprised at that. Warehouse sector. On the other hand,
warehouse sector had a big boom right when everybody was
it was during the pandemic. Everybody's getting whatever they can
and let's have a warehouse and warehouse business. Well, of
those two warehouses up by Morana.

Speaker 5 (01:07:53):
Does that account for data centers?

Speaker 2 (01:07:54):
There? Empty? Right?

Speaker 5 (01:07:55):
Does that account for data centers?

Speaker 4 (01:07:57):
Is that a warehouse?

Speaker 2 (01:07:58):
Just well storage warehouse? That business actually declined last year
for the first time.

Speaker 5 (01:08:03):
The data center business.

Speaker 2 (01:08:05):
Yeah, no, I thought.

Speaker 5 (01:08:07):
Was center warehouses warehouse gotcha?

Speaker 2 (01:08:09):
Speaking of rising from the dead, Macy's down twenty five
percent this year, jump twenty percent on Wednesday, they were
afforded net income for the most recent quarter. That was
triple what people were expecting. So apparently Macy's is not
going to be dying anytime soon.

Speaker 4 (01:08:25):
It's crazy. I still think about like Macy's and Dillards.
I'm like, yeah, I've not been in one of those
in so long.

Speaker 2 (01:08:31):
But you know I've been in. I've been once or
twice in the last year. And the thing that always
strikes me and in those stores is the number of employees.
The overhead, oh my god, the air conditioning, the lights,
the inventory, the inventory, the it's got to be so
challenging to try to make money in that environment. Speaking

(01:08:53):
of retail, American Iggle Outfitters see the company. You know,
they got a lot of press from that Sydney Sweeney,
Oh my goodness, thirty three percent high after the company
reported net income for the most recent quarter more than
double expectations. And then that was the one member. Trump
got in trouble because they asked him that the question
about what he thought about the commercial and he and

(01:09:16):
he said it was a he was a good commercial.
And they said, well, she's a she's a registered Republican
in North Carolina. He goes best commercial on TV. So
that's all you heard was that he saw Sidney Sweet
and he said best commercial on TV.

Speaker 5 (01:09:27):
And then I heard like somebody said nice jeans or something,
and then he took the wrong way.

Speaker 2 (01:09:33):
They're going to do whatever they can. I mean, if
they're talking about his health and his ankle. One picture
that his ankle looks like it's a little swollen. You know,
they're just like vultures.

Speaker 6 (01:09:43):
There was a rumor going around last week that he
was dead.

Speaker 2 (01:09:45):
Yeah, we talked about that. Yeah, no, it did crazy
all over. Still still on Twitter, he's dead.

Speaker 6 (01:09:51):
Red black hole out.

Speaker 2 (01:09:52):
And then when he when he showed, he starts walking around.
Then they started talking by himself. Well, you know there's
some brown spots on his hands.

Speaker 6 (01:09:57):
You just got and talked to the media in four days,
and that's what started.

Speaker 2 (01:10:01):
Two days, two days, two days. He didn't have a
press conference, and they have him being dead.

Speaker 5 (01:10:06):
It seemed like we went two months without talking hearing
from Biden.

Speaker 2 (01:10:09):
Yeah, yeah, at least he's got he's set a high
bar for interview and uh and he before I talked
about an open book and how many of us could
could live our lives like that, where almost your every
thought is out in the air and you're still functioning.
I mean, I don't want every one of my thoughts

(01:10:31):
to be out there, or.

Speaker 4 (01:10:33):
We're going to be right there when we have neurlink
You're right. I mean Elon Musk is working for it,
and all of a sudden, all your thoughts are going
to be out there. AI. I mean what he's making
with Grock is is scary. I mean, you can make
videos out of anything, you can make pictures. I mean
the AI of the Black Web, I don't want to
know what it can do.

Speaker 2 (01:10:53):
I'm with you, I'm with you. Remember a couple a
couple of weeks ago, we talked about the the government
had approved alternative investments for retirement accounts, right, and we're
just thinking, Oh my goodness, crypto, it's gonna be It's
t ro Price and Goldman Sacks teamed up to put
together private market deals. Uh, they're gonna put I'm kind

(01:11:14):
of pleased about this because it looks like it's going
to be in a mutual fun format, which means some diversification.
It's it's gonna have some liquidity to it. I like that.
I was concerned that it was going to be one
of those things where a novice gets into something like
that not knowing that it's ill liquid it can fluctuate dramatically.

(01:11:36):
This seems to me maybe a way to get through
this that will be workable for novice investors, workable for
the average four oh one k person. And we were
coming up on a break. We appreciate your joining this
on my birthday. Thank you. I appreciate everbody showing up
and coming to the party. And we'll be back right
after this message.

Speaker 4 (01:11:56):
Welcome back to the Money Matters Show. My name is
Todd Glick. I'm here with Dylan Green, Sebastian Borsini, and
David Sherwood. It's been a fun week into the market
and gold continues to rip. It's at a new all
time high thirty six hundred dollars an ounce. Anyone with
gold has been a happy camper. The gold miners, as
we were talking about a couple of weeks ago, continue
to get a bit as well. Bitcoin didn't quite followed

(01:12:19):
the same. It was up abound two percent of the week.
It's just sitting out one hundred and eleven dropped down
quite significantly last week, was right, I think around one.

Speaker 6 (01:12:27):
Oh.

Speaker 4 (01:12:27):
Wait, so kin came back a little bit and it
actually everything popped this morning on the Friday trading day.

Speaker 2 (01:12:33):
All time high.

Speaker 4 (01:12:34):
Yeah, everything popped, and then the nail back and down
and then it all came back.

Speaker 2 (01:12:38):
You pulled back, So yeah, I don't know what that
was all about.

Speaker 4 (01:12:41):
It well, I think what happened was like the initial
like hey, we got lower rates, this is awesome, and
then it's like, wait, if jobs aren't growing, that isn't
quite what you need for continuously growth. I mean, we're
priced to kind of perfection, as we've been talking about
at this market level, so you kind of have to
have a strong labor market to keep things going the
way they are, right, you would think.

Speaker 2 (01:13:00):
Yeah, and almost any market metric you pick were lofty, right,
we're extended, we're stretched. And I understand that there's a
strong fomo out there fear of missing out, strong, strong, strong,
that Trump will do something wonderful, miraculous, end of war,
lower range, whatever it is, and you're going to be

(01:13:22):
sitting there at the station without And of course this
business is all about money managers trying to outperform other
money managers a lot of hedge funds. If you're in
that business, that's what you do. You're running a race
against other horses, and you don't dare put your horse
in the barn. Well, the other horses are out there

(01:13:43):
running and it's gonna I don't know. We had a
good chance this morning. The market started off up and
then Toddy went to a down four hundred on the dow,
came back closed down what about about two hundred. We
had a good chance to go down eight nine hundred
points today easily. And I remember eight nine hundred points
is not what he used to be. You know, two

(01:14:03):
percent corrections a thousand points in on the doll and
gave me. Don't pay a lot of attention to the
Dow because it literally is just thirty stocks. I know
one thing that that's gonna that people are gonna be
looking at and asking about when they look at their
portfolios over the weekend. What's going on with then video?

Speaker 5 (01:14:20):
I was literally about to say that it's traded horribly
this week.

Speaker 2 (01:14:23):
What's going on with the videos? Traded poorly for the
last few weeks? Uh the uh Thursday evening, Trump had
a dinner in the Rose Garden for tech CEOs and
one of the things that he threw out there was
that they can expect uh what was the term? He used,
huge or large tariffs on semiconductors imported imported into this country.

(01:14:50):
So we thought that ship had sailed. We thought that
that was over that that he had given given us
so many things. With Trump, when he comes up with
something brand new, it's like, oh, wha wha wha wait
wait wait, It's kind of like the tariffs. When the
Charif's first came out, market plunged, then it came right
back because we're not used to dealing with somebody that

(01:15:12):
that moves so quickly, right, the government moves like like
you're stuck in quicksand well, not Trump. Trump os like
it's on a concrete well.

Speaker 4 (01:15:22):
In another company that was trading off because of it
was VRT. We used to know that those companies Verative
trade in tandem with each other because of the liquid
cooling to the Blackwell chip, and so that's another company
has come off quite significantly from its all time highs.
And again, if you think about a long term we
know these companies are going to stay around because of
the need of their chips. We also know that it's

(01:15:43):
not necessarily the video's chip that is why they are
the best company in the world. It's because of the
software that the chip runs on that allows all these
companies to build their language models in different AI projects
on top of that software. So the actual cut of itself,
the software then the video makes is why they have
the strongest mode out of everyone. AMD actually has a

(01:16:04):
better chip. It performs better than the Vidious chips on
all metrics, but no one's going to buy it because
they have to switch their entire infrastructure. So yeah, I mean, essentially,
if you're using Google Docs, imagine all your works on
Google Docs and then you're saying, well, Microsoft Words a
little bit better. Well, who cares I have to get Oh,
I don't have my dat on Microsoft Word. I'm not
going to start all over right, So that's kind of

(01:16:26):
the equivalent of what we're talking here.

Speaker 5 (01:16:27):
Like changing your charting platforms. Imagine wanting to change your
watch list.

Speaker 2 (01:16:31):
Right. Some of that reaction on Friday was because of
Broadcom's strong report, for sure, and Todd to your point,
that's just kind of like, who cares?

Speaker 6 (01:16:40):
So you had a ten billion dollar buyer. I mean
also with Nvidia, we learned that they have two buyers
make up about forty percent of their revenue, Meta and
who else they didn't disclose it and probably Tesla.

Speaker 4 (01:16:54):
Yeah, Elon, Yeah, I think I think those are very
good guy. Technically they're disclosed.

Speaker 6 (01:16:59):
With that is a huge chunk of your revenue.

Speaker 5 (01:17:02):
But the way that people, the way that Nvidia's trading
right now kind of reminds me of how IBM traded
after its earnings report. Investors are looking to take a profit,
looking for an excuse, and I kind of see it
as a buying opportunity.

Speaker 2 (01:17:13):
Hear, I think you have. I agree with you one
hundred percent. Remember we're in September. September has a bad reputation.
September is the only month of the year that's historically down,
and it's down so bad that no other month is
even close in terms of negative performance, So you have
to kind of keep that in the back of your mind. Now,

(01:17:33):
last year was up two percent.

Speaker 5 (01:17:35):
I was I could've be mistaken. The last year was up.

Speaker 2 (01:17:37):
It was up two percent. Last year twenty thirteen, it
was the best month of the year. So it's not absolute.
History is nothing but a guide, and you have to
be aware that this is historically a time of the
year when people come back from vacation to look at
how much stuff has gone up or how much has
not gone up, and they start dumping things. You also,

(01:17:58):
with the S and p F ten percent for the year,
could go to cash and know you've got ten percent, right, Yeah,
I mean one of the goddess of what happens.

Speaker 4 (01:18:07):
One of the things we keep talking about with interest
rates falling down is you have to make a decision,
if you're a fixed income investor, of how much liquidity
do you actually want because there is ways to lock
in some of these higher interest rates that are still around. Right.
They've plummeted it on Friday, but they're still around where
they weren't a couple of years ago. Right, So if
you want to lock that in, I mean, if you

(01:18:28):
think rates are going to go down one percent two percent,
Well then you need to start thinking, do you want
a miga right you can lock in still four point
eight five percent for five years. A bond you can
lock in around I think it's what three point nine
on the five year A corporate we can probably get
like a four point four. There's some of those options still,

(01:18:48):
but they're not going to stay around forever. The Vanguard
money market, we all love sitting money in there until
we're ready to do something with it. It's paying four
point two right now. That will drop at the end
of the month when the FED lower, and then it
will drop again when they lower again, So we're talking
probably three point six by the end of the year
on that there there's going to be a different interest
rate environment. So what you do now is going to

(01:19:10):
set yourself up six months from now, and you don't
want to be the person that says, hindsight twenty twenty,
I could have done that then, and now it's too late.
So come in. We can do the full financial plan,
see what type of options you have right now, and
see if there's any possibility where we can lock something
in for you before they start actually going lower. Another example,
TLT is an ETF that you know hasn't actually performed

(01:19:32):
over the last three years because interest rates went up
and they haven't really gone down. Pays its dividend, but
the boss.

Speaker 2 (01:19:38):
Price ATF for mimicking the twenty eight year.

Speaker 4 (01:19:42):
Right, But it's up one point five percent on Friday.
Why because rates come down. So if rates keep going down,
that ETF will go up. And it's paying a nice
three percent.

Speaker 2 (01:19:51):
Point so totally liquid. I've got a PFF Paul Frank.
Frank is a preferred stocks FIR stocks are somewhat similar
to bonds.

Speaker 4 (01:20:02):
Convertible.

Speaker 2 (01:20:03):
Yeah, six percent dividend and it's gone up probably six
or seven percent in the last thirty days.

Speaker 4 (01:20:09):
We have high income plays that can pay north of that.
You know, all different risks associated with different products. But
if you want the income that you have been expecting
the last two years to stick around, you need to
make strategies now for that.

Speaker 2 (01:20:23):
And it's changed one hundred and eighty degrees Todd because
for the last sense of the pandemic, we've been short term,
short term, short term, keep everything short term, one two
three years, short term because interest rates were steadily rising, right, well,
interests is top rising and now they're starting to decline.
Is this the beginning of a steady decline? Uh, you

(01:20:45):
could make that case. The bottom line is with our
short term paper, we're also doing some six and seven
year stuff. My wife has a has a treasury and
I did a five year for her a year ago
and she called it. She said, his interesting start going down?
What's that going to do to me? I said, nothing,

(01:21:05):
Four more.

Speaker 5 (01:21:05):
Years are already locked in.

Speaker 2 (01:21:06):
Oh, God bless you, you know, yes, God bless me.
She didn't hate me though, That's always good.

Speaker 5 (01:21:11):
I did the doll Report this month. We got new numbers.
Was the top top performing dovestock of the.

Speaker 2 (01:21:18):
Top performing dove stock was and idiot nope, boeing owing.
That's something. Yeah, there's the bottom for the last two.

Speaker 5 (01:21:25):
Years, thirty three percent. Years of the day.

Speaker 6 (01:21:27):
It'll change up.

Speaker 5 (01:21:28):
Then you got golden sacks, and then you got your
Nvidia up thirty percent year to date. I thought it
was interesting to see United Healthcare they had a up
month of twenty four percent in August and they're still
down thirty eight percent year to date.

Speaker 2 (01:21:40):
Worth performing Dove stock right mm hmm. Raised to a
buy at Barclays last week with a price target seventeen
percent higher than it was on Thursday. They think the
worst is over, they said, based upon the sentiment numbers
that they're looking at, the stock is bottom. I don't
know if it's bottom or not, but that's that space.

(01:22:01):
That's such a scary space with Trump of the White.

Speaker 5 (01:22:04):
House, and it just makes me think. That's why, you know,
with individual securities. Here at Greenberg Financial, we always started
try to start a position at one percent. I was
talking to clients to prospects.

Speaker 2 (01:22:12):
Uh.

Speaker 5 (01:22:12):
They brought their portfoliover and I said, wow, you bought
United Healthcare at six hundred dollars a share and they
bought a five percent position. The client client didn't do it, it
was their money manager and it was an immediate five percent.
But again, it just makes you think. Uh, sector wise,
was a top performing sector here to date, top perform industrials,

(01:22:33):
industrials and that's all utilities.

Speaker 2 (01:22:35):
One got out of utility for the last one.

Speaker 5 (01:22:37):
Yeah, it's now industrials, communications, technology, and utilities actually falls
to four.

Speaker 2 (01:22:42):
And we gotta remember communications is all is technology.

Speaker 6 (01:22:46):
Meta, it includes all that.

Speaker 5 (01:22:48):
And you ask why industrials XLI is the ticker. The
top two companies biggest weights are General Electric GE and
rt X raytheon that I've had pretty good, pretty good years,
and the next one's Counterpillar that's also had a.

Speaker 4 (01:23:01):
Good years, had a great year, and Lockheed seems to
maybe come and start to come it make its comeback
as well. I mean, Lockie was at one point six
hundred dollars share and it's just been chilling in the
mid four hundreds for a while now.

Speaker 2 (01:23:13):
Well, of course, he had some cancelations from government. Contracts
were canceled, and.

Speaker 4 (01:23:16):
It seems like the worst news I'm saying has already
come for the stock, whether they're going to lose another big,
huge contract.

Speaker 2 (01:23:22):
I think anytime you're involved in with the government, with
this government, whether it be defense or medical, medicaid, whatever,
you just don't know what's coming tomorrow. You just don't know.

Speaker 4 (01:23:34):
It's it's not defense, it's war now, it's a scary
space offense war.

Speaker 2 (01:23:41):
The point you know, you got to think, Okay, somebody
thought that was a good idea. That's kind of like
the new cracker he a logo, Right, Yeah, somebody thought
that was a good idea. I don't know your seminars
coming up on what.

Speaker 4 (01:23:53):
Date, September twenty sixth. You go to our website, Greenberg
Finance dot com. You're going to see a pop up.
We only got fifteen spots left, so if you want
to join us, make sure you sign up. We'll have
some lunch at La Paloma Counry Club. It's going to
be a great opportunity to learn about our financial plan.
And until then again, you can give us a call
five to four four nine zero nine and get your
actual financial plan customize for your unique situation. At any time.

(01:24:15):
We'll be right back on the other side of this break.
Thank you so much for listening.

Speaker 2 (01:24:19):
Good morning, Welcome to the final section of the Money
Matter Show. Dave Sure with here with Sebastian Boardsini, Dalan Greenberg,
Pod Glick, Indean Greenberg, Yes it man, just it San
now or forever. Hold your piece.

Speaker 4 (01:24:32):
Make sure you sign up for our seminar. It's a workshop.
Actually technically you can go to our website Greenberg Financial
dot com. You see a pop up register. We got
fifteen spots left. We will have the new TV shows
Aaron right now. You'll enjoy them. You can check them
out on our YouTube page. We'll have the next one
unleashed or released next week.

Speaker 2 (01:24:50):
But we're.

Speaker 4 (01:24:54):
We're also airing them every Sunday after Meet the Press.
Actually quite a bit of people see us after Meet
the Press Sunday mornings. But also we're after the ten
o'clock news on kV Oh. Wait and you we might
actually you.

Speaker 5 (01:25:06):
Might even see us on PBS.

Speaker 4 (01:25:08):
I was thinking about this guy.

Speaker 6 (01:25:09):
Were there every once in a while?

Speaker 4 (01:25:10):
Yes, Sunday night football now wow? Oh and then that's
on KVOA. Just leads right into the ten o'clock news, right,
and then we're right there Sunday nights.

Speaker 2 (01:25:19):
Just stick with it, right, Yeah, just.

Speaker 4 (01:25:21):
Watch Sunday Night football and then you get money matters.

Speaker 2 (01:25:24):
Go from the football game to the money game. Yeah. Bang.

Speaker 4 (01:25:27):
And speaking of that, we got a fun release of
a book coming out that Dean and Mel been hard
at work called The Endgame, and it's going to be
a book about financial planning, taking on Dean's spin of
being a football coach and kind of having it outlaid
the financial knowledge in football coach terms, you know, keeping

(01:25:48):
you accountable and things like that. So not sure when
we're actually going to have the hard covers released, but
we got the covers done. We got the content done
and it's going to be a cool little book.

Speaker 6 (01:25:57):
Should be coming out in the next month or two.
All goes well, you can go find a book, yep.

Speaker 2 (01:26:02):
I know it's been in the work for a while.
I've been some time spent on it. Some they want
to want to be right.

Speaker 6 (01:26:09):
Yeah, it's a great book.

Speaker 4 (01:26:11):
You can never be right in finance. It's too changing.

Speaker 2 (01:26:15):
Yeah, much.

Speaker 4 (01:26:18):
Later, your book's out of date.

Speaker 2 (01:26:19):
You know.

Speaker 4 (01:26:20):
That's the hard thing with this business. You talk about
it every time you learn something new every single week,
because what you knew five years ago probably doesn't even
apply anymore, right, with annuities and how they changed, and
with how you don't even have U I T s anymore.
You know, things like that that used to be commonplace, right,
And so I think that's very keen with what we're

(01:26:40):
talking about. Like TAGBTP are going to have their own
advisors with chagbt JGBT doesn't know it's still in force, right,
And I don't think people will not understand or have
the capacity the right ask the right questions the same
way they don't know how to ask the right questions
about their health. The doctor asked the questions because he
understands how to get to a point.

Speaker 2 (01:27:00):
I learned last week. You guys said if you go
to chat GPT so much that he gets annoyed to
start charging you right, And I'm now very conscious of
that when I go to chat GPT, use to answer
this question.

Speaker 5 (01:27:15):
We'll stop doing that. You're wasting electricity, so.

Speaker 6 (01:27:17):
I cost them millions?

Speaker 5 (01:27:20):
How many people say, please, don't taking away refrigerators from people?

Speaker 2 (01:27:23):
Dave, I've got mostly responsible prompt when she when she
when she punches the button on the iPhone to ask
ask a question, she says a Siri. She always says, yeah,
drives me. You don't need to say siery, just talk,
Just talk, okay, every time? Every time?

Speaker 4 (01:27:46):
What's going to be if you go back the.

Speaker 2 (01:27:50):
Wedding November? I'm kind of just trying to get my
mojo together if I can deal with the shary thing we.

Speaker 4 (01:27:55):
Got the holidays coming up. What's going to be the
big gift this year?

Speaker 2 (01:27:57):
The big gift is going to be what?

Speaker 4 (01:27:59):
What was that you it's the Lulu doll or something Lemon.

Speaker 2 (01:28:04):
No, not going to be a Lulu.

Speaker 5 (01:28:08):
I'm buying building bears. I don't know what you guys
are doing building be Well.

Speaker 4 (01:28:12):
It's it's because of this other thing we can't remember
the name of.

Speaker 6 (01:28:15):
It's from monsters.

Speaker 4 (01:28:17):
Yeah, it's a Korean artist that.

Speaker 2 (01:28:19):
Yeah, it's a like a troll dollar or something.

Speaker 6 (01:28:23):
Your key chains and stuff and.

Speaker 2 (01:28:24):
The boo boo boo. That's going to be the hot
thing for Christians.

Speaker 5 (01:28:28):
Basically, it's like Nike dunks. These resellers are just buying
as many as possible and then they go and resell
them on Facebook market.

Speaker 2 (01:28:34):
You know what exactly what's happening, That's exactly what anytime
you get to lead the boo boo.

Speaker 4 (01:28:40):
Yeah, so now build build bears up because like you know,
if you can't afford to the boo boo, you're.

Speaker 2 (01:28:45):
Gonna be the whole builder bear thing is a mystery
to me. I thought they were gone. We were at
my state of my wife. We should take the grand
kids to builds. You said, I'm still in business. Well
they're they're booming.

Speaker 5 (01:28:57):
Right, Well, their stock price has been doing good, because yeah,
I don't know that they're booming.

Speaker 2 (01:29:02):
They're not. They're not booming. What's the stock price doing?
Price rising?

Speaker 5 (01:29:07):
Because well, what I mean, how much how much did
cracker barrel Yeah, but how much did Cracker Barrel's business
model change when they changed the logo and that plummet
to fifteen percent?

Speaker 2 (01:29:17):
I don't know how that what that has to do
with build a bear.

Speaker 4 (01:29:19):
You're saying stock price and actual business performance correlate all
the time.

Speaker 5 (01:29:23):
Yeah, it should, efficient market, high predictive vehicle.

Speaker 2 (01:29:27):
Right, So the Cracker Barrel thing plummeted because there was
just predictive. But we're going to comme in it anymore.

Speaker 6 (01:29:35):
Explain deep value.

Speaker 4 (01:29:40):
You can't explain it, but you don't get to just
like put it in another category and say that it's still.

Speaker 2 (01:29:46):
You guys are so mean to me on my birthday.
This is this is not a fun party. Okay, that's
all I'm saying. It's not fun.

Speaker 4 (01:29:53):
Well, Dow hit forty five thousand.

Speaker 2 (01:29:55):
That's your birthday.

Speaker 4 (01:29:56):
That's like that, sixty five hundred, the S and P
man all time highs on all things essentially, twelve point
four percent for the NAS, TAK for the year, ten
percent for the S and P. It's been a great
year for stocks. What's your favorite place to be right
now going forward?

Speaker 2 (01:30:15):
That you're asking me that without any preparation at all,
where's my favorite place to be.

Speaker 4 (01:30:21):
Yeah, like, what stocks do you want to be in
from here on out?

Speaker 2 (01:30:23):
I want to be a stocks that are going up.

Speaker 6 (01:30:26):
I like tech, tech, I CA. I mean that could
be your answer.

Speaker 4 (01:30:32):
Yeah, that could have been like that.

Speaker 6 (01:30:34):
I like the broader. Like, we don't give recommendations on
this show, but tech is obviously what's going on and
what's been going on in the markets. It's been leading
the markets, and it seems to be the way of
the future.

Speaker 4 (01:30:45):
Small caps is another thing you could have said.

Speaker 2 (01:30:48):
I there could be an entry point in in video
under one fifty.

Speaker 6 (01:30:52):
I mean, I think any downturn like we saw six
seven percent pullback in the videos a buying point too.
But like what I was saying earlier, just don't put
it all at once. Don't buy five percent at once.
By one percent, let's if it goes under one fifty,
you can buy another one percent or two percent.

Speaker 4 (01:31:07):
Market drops three percent. You buying indexes or you're buying stocks.

Speaker 6 (01:31:10):
I like buying indexes. Market drops as a hole. I'm
going to buy indexes.

Speaker 2 (01:31:15):
Yeah. It is easier, right, and you're not going to
get as much bang for the buck, but it's much
more predictable.

Speaker 6 (01:31:21):
Because I mean, even when the indexes are going up
over the last.

Speaker 4 (01:31:24):
Two when do you start buying stocks.

Speaker 6 (01:31:26):
Well, that's what I'm saying. So it's not really like
if the market drops as a hole, I'm buying the
indexes because those tend to go back up like as
a whole. But it not necessarily means that stock's going
to go back up. I mean, you've had over the
last few months and indexes have gone up, the stock
has been down. So you have buying opportunities and individual
stocks all the time. Those aren't always correlated necessarily with
the broad markets going up. Sometimes there's bad news in

(01:31:46):
an individual stock and that becomes a buying opportunity. Even
though the SMP's up twenty percent, that stock might be
down twenty percent Apple, for example this year, and Spy
is up ten percent for the year. Apple is barely
getting the flat now, and that's because of a huge August.
Before that, it was down fifteen to eighteen percent, and
that was by an opportunity and the market.

Speaker 4 (01:32:06):
That's the argument, right though at the beginning of August
by an Apple, right it's been underperforming. So sometimes your
correlation is saying if a stock hasn't performed to get
out of it. Well, if it's a quality company, it
hasn't performed, it doesn't mean get out of it, right,
I mean, oh, we mean to.

Speaker 6 (01:32:21):
Get out of verse splits.

Speaker 4 (01:32:22):
Right, those are the ones that take you long. I
think people can can get a little too skittish on
seeing a stock not perform well if it's a quality
company staying a cost average.

Speaker 6 (01:32:32):
Now United Healthcare, for example, like we just talked about,
it's up twenty four percent over the last month, even
though it's still down thirty eight percent for the year.
It's still a big company, a quality company. Eventually, you
think it's gonna come back.

Speaker 4 (01:32:43):
There are companies that are too big to fail, right,
we understand.

Speaker 2 (01:32:46):
Yeah, you know, speaking of which, were speaking of the doustocks.
So Salesforce dot Com down twenty percent this year, dropped
another eight percent on Thursday on disappointing guidance. Made me
think Salesforce dot Com is one of the newest members
of the Dow.

Speaker 5 (01:33:02):
They're gonna get taken out.

Speaker 2 (01:33:03):
Yeah, what No, The question is, the question becomes why
were they put in? Who did they replace? You know, Walgreens, Exxon,
they replaced Exon and in the last five years, Uh,
Salesforce dot Com is twelve percent belowwards started where it
was put in the Dow. An Xon is tripled, tripled,

(01:33:28):
twelve percent down and tripled, So you'll be fair.

Speaker 4 (01:33:31):
Thirty stocks is so much harder than that, so hard.
So that's why we like the s and pak.

Speaker 2 (01:33:34):
It's five hundred, and you've got to get you've got
to give the doll Committee credit in that it does
a pretty good job. It really does a pretty good job.
Thirty stocks a mimicking five hundred, shockingly good. But when
you have something like that and you go, yeah, let's
get rid of that Xon. It's not performing. Got too
much oil on this. Let's go ahead and do Salesforce
dot com. Where would the Dow be if they'd left

(01:33:56):
it alone? Right right? Would the Dow bee with the
dows that forty five thousand? Would it be fifty? I
don't know, it'd be hired in forty five? We know that.

Speaker 5 (01:34:05):
Do you know what sure when Williams replaced? I don't
know the answer. I'm curious. I don't know.

Speaker 2 (01:34:10):
I was surprised. Sure when Williams was even in the now?
I know, I know, I know it is, but I.

Speaker 5 (01:34:14):
Was surprised seven point seven year to date as of
the first of August.

Speaker 2 (01:34:19):
Yeah, well, I pick on you about the tax that
you have that that have worked. How about PEPSI? What
about it hadn't participated in this rally at all?

Speaker 1 (01:34:26):
No?

Speaker 2 (01:34:27):
Right open? Four percent higher on Tuesday. Get this Elliott
Management right to the activist.

Speaker 5 (01:34:32):
I'm glad they're putting some pressure on them.

Speaker 2 (01:34:34):
Elliott Management took a four billion dollar steak. Now, Elliott
Management has been doing this for a long time. That
is the biggest steak that they've ever taken in any
company ever.

Speaker 4 (01:34:47):
Know something.

Speaker 5 (01:34:47):
They also took a stake in Southwest not too long ago,
and that doesn't do too good.

Speaker 4 (01:34:52):
You know, they did the whole band, were they once?
They did the bag thing?

Speaker 5 (01:34:56):
Yeah, and the seat thing, the seat.

Speaker 2 (01:34:57):
Thing, just just because to put those two together, right,
Just because there's activist involved, doesn't mean it's going.

Speaker 1 (01:35:04):
To go higher, but no.

Speaker 4 (01:35:05):
But it's usually there's.

Speaker 2 (01:35:06):
Going to be somebody of influence putting.

Speaker 5 (01:35:09):
Pressure, lighting a fire under there.

Speaker 2 (01:35:11):
On the board of directors and the officers to get
something going. And if this is the largest investment that
you've ever put in any company ever, you've got to
believe that at some point that's going to work, right,
So I like that.

Speaker 5 (01:35:27):
I think they can transition into the cleaner products, the
you know, no red dyes and whatnot. That'll be great.

Speaker 4 (01:35:33):
First weekend of football. It's going to be a great weekend.
All made it seven months of the drought. For the
next five months, we don't have to worry anymore.

Speaker 2 (01:35:44):
All I can tell you is today is the first
day of the NFL season. Happy birthday to.

Speaker 4 (01:35:48):
Me, Happy birthday all right. We're here to be happy, right.

Speaker 2 (01:35:54):
And we all want to be healthy because if we're
not healthy, we won't be happy.

Speaker 4 (01:35:57):
Of course.

Speaker 2 (01:35:57):
And at the end of the day, what we're trying
to do a Greenberg final at your Lizbeth, see you
next week.

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Tariffs, Tech, and Tumbling Rates: Markets Push Through the Noise

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Tariffs, Tech, and Tumbling Rates: Markets Push Through the Noise

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