Trump-Musk Split Shakes Tesla, S&P Hits 6000: Unpacking Market Momentum

Episode Transcript
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Speaker 1 (00:00):
Good morning. This is the Money Matters Show, the June
eighth edition, Sunday morning, eight am. Dean Greenberg is out
of the office, Todd Glick is out of the elves.
But I do have the A team. I'm Dave Sherwood.
I'm here with Sebastian Borsini and Dylan Greenberg.

Speaker 2 (00:15):
Yep, how's it going.

Speaker 1 (00:16):
Morning, guys, Doing well, doing well. So we had an
interesting week in the market. I think probably the big
headline on the week for me, and you know, I
spent a lot of time outside. The big headline for
me was the was the rain.

Speaker 3 (00:29):
That was the big headline, that big line out.

Speaker 1 (00:31):
Of everything that happened, out of everything happened this week,
the rain was the biggest thing.

Speaker 2 (00:35):
Out of all thought it was the divorce between Trump Trump. Yeah, Musk,
we'll talk.

Speaker 1 (00:38):
About that later, but that was inevitable. We've predicted that
for weeks. There's no way two alpha males like that
are going to be able to coexist for any period
of time.

Speaker 4 (00:48):
Going back to your rain, so we could get through that.
What's going on?

Speaker 1 (00:50):
Half financial last Sunday, right, That is the first time
it's rained on June first in twenty five years. There
and never have we had a rain like that all time,
And I guess I'm a little more hyped about it
because we're in such an extended drought period, the driest
period ever in the history of Tucson. And I have
a lot of trees in my hood that are dropping

(01:12):
branches and a lot of cat guys that are dying,
and it's just we need rain desperately. Fortunately, we're hopefully
we're about thirty days away from some serious rain.

Speaker 4 (01:23):
Next Sunday is the start of the monsoon season.

Speaker 1 (01:25):
No, it's not. They officially it's June fifteenth, but those
are that those are idiots. It's July fourth. They came
up with this June fifteenth September fifteenth thing a couple
of years ago, and I've lived here fifty one years.
There's no The chances of a rainy between June fifteenth
and June thirtieth somewhere close to zero. So I'm thinking

(01:46):
that is probably not the official start of the monsoon season.

Speaker 2 (01:49):
Yeah, it seems like monsoon's usually hit like July and August.
We're on the fourth of July.

Speaker 1 (01:53):
Yeah, generally comes just in time to ruin the fireworks,
which is fine. This year, bringing on right, bringing on
the fire. The big news this week really, and for
me it was the weather. But Sebastion, you're driving a
new car.

Speaker 4 (02:06):
Yeah, it's actually great.

Speaker 1 (02:07):
Want to tell us about this whole thing?

Speaker 4 (02:09):
I mean, not really.

Speaker 1 (02:10):
How did you end up needing a new cars?

Speaker 3 (02:12):
What I'm wondering, Well, I got into an accident and
ended up getting paid out by insurance, and I went shopping.

Speaker 4 (02:18):
I went through the whole you know. I went for a.

Speaker 3 (02:20):
Tesla testa of that. I really enjoyed it. The self
driving feature is pretty cool. But I ended up in
a twenty twenty five Camry hybrid, which I'm really enjoying
this far. I'm getting about fifty miles per gallon and
it's a great car.

Speaker 1 (02:32):
I thought about you during the week, you know, when
I was your age, affordability obviously is a big issue
when you're in twenty three, right, it still is. And
then all I had to decide beyond that was making model.
You now can shoot between an ice right in the
internal combustion engine no totally, a traditional hybrid, a plug
in hybrid, an electric vehicle, or an extended range.

Speaker 3 (02:54):
And not to mention, you have another so you could
either go through a private seller. You could go through
a dealership. Now you have things like carvan out there
that you could get one delivered straight to your door.
I ended up taking the traditional routes and went up
to a dealership up in Phoenix, which you give me,
you know, some you didn't enjoy that.

Speaker 1 (03:11):
I liked to buy cars. Yeah, man, I've always bought
every Carson, and yes, maybe I paid a little bit
more for it. But hometown pride, baby, yeah, you're.

Speaker 3 (03:19):
Right, and ended up getting a good deal should have
the multiplier effects happening down in Tucson.

Speaker 4 (03:23):
I'll think about that on the minute.

Speaker 1 (03:25):
I'm not I'm not gonna hate you far, but I
always figured for you know, I appreciated two thousand bucks.
I'll spend the money in Tucson over a period of
three or four years. I'm not going to notice that
that kind of money, and hopefully we can continue to
have Tucson be healthy. But now with all of the
people moving here, maybe this is as big a deal
as it used to be. When I moved here, there

(03:45):
were two hundred thousand people, so it was a little
bit more of a hometown pride kind of thing. And
now with what a million, one million, two, whatever we.

Speaker 3 (03:52):
Are, and just to finish that car conversation. Now, ultimately
what capt me away from the electric vehicle is still
that range and still that infrastructure that we still do
not have ready. Eventually we'll get there, right, But when
you're looking at a range of you know, two hundred
two fifty on a Tesla, thinking about you know, I
take a trip up to Solo and go snowboarding once
a year, where am I going to stop for gas

(04:13):
or where am I going to stop in charge?

Speaker 4 (04:15):
It worries me.

Speaker 3 (04:16):
Right, my camera is gonna give me about five hundred
and fifty miles per gallant or miles.

Speaker 4 (04:21):
That's a range on it.

Speaker 1 (04:22):
If if you're gonna going to have just one vehicle,
I don't know how you go electric right, Honestly, my
wife and I have two vehicles. Charge is a nice
internal combustion engine. Mind all electric round town. Mine's perfect
out down the road. I'd like to have herbs man.
We'll get there, We'll get there, you know. Kind of

(04:44):
a whole home week in the market until Friday.

Speaker 2 (04:47):
Well, we had a lot going on in the markets
as whole, I mean, just reactions and stuff. We had
Trump talk to Chi over the week and now they
have it. They're setting up a time they go meet
in London. They said the talk went well. This is
Wednesday or Thursday that they talked for about ninety minutes.
All positive, it sounds like. And then Friday we ended
the week with SMP back at six thousand. Now it's

(05:07):
up two percent for the year. We have the equal
weighted SMP, which is the one that we like to follow,
that's up two point one percent for the year. So
the markets are like and everything that's going on, it's
going in the right direction. With all these trade talks
and all the terrorists things going on, it's just it's
going in the right direction. Like we've been saying, it's
just it seems like more just you're gonna have positive news,
is what's gonna happen in the next few months.

Speaker 1 (05:28):
It seems like there's an awfully lot of things that
can go right here. Yeah, would whether it be trade
with India, trade with China, trade trade with.

Speaker 2 (05:40):
You, EU with China, with all of it. You the
war in the Ukraine, I mean, well, the war in
Ukraine is not getting very positive that and I don't
know how can get in any word it can't in
my view, it's I mean, they they're still bombing each other. Yeah,
that's not and they're saying that the trade there, the
peace deal is not anywhere near it apparently, But that's
about as bad as they can get. What else can happen,
but it's already in pretty much The other big thing

(06:02):
that happened, I mean, it tanked the markets on Thursday,
especially Tesla was Musk and Trump hiding their fallout, which
it just seemed like a interesting way to go about it.
It was like it confused a lot of people with
what was going on. Why must just went crazy on
Twitter with their I guess X with it about all
this stuff. And then it's kinda just now they're going
to talk on Friday. They don't want to talk, they

(06:22):
want to talk. It's like a breakup.

Speaker 3 (06:24):
It makes me think that there's like an orchestration behind it,
and I don't know what they're trying to do to
us or get us to think, but it just seems fishy.

Speaker 2 (06:30):
Well, we were talking about it, I mean, Democrats have
been condemning Elon Musk for the last four months. Right now,
all of a sudden, he's saying and peach Trump is like,
do they say, oh, wait, we do like him? So
yesterday they said they hated him, and now they're like,
oh he's just a devil. But now he's going with
their mot like their talk. They're like, oh wait, so
now we like them? Or do we like him? Should
we say we like him? Do we just be quiet?
What's happening right now?

Speaker 3 (06:51):
I mean, Tesla stock dropped fourteen percent on Thursday, raced
over one hundred and fifty billion dollars in market value.
I thought, I was pretty impressed that the market came
back on Friday. Tesla did bounce a little bit, but
it seems that's maybe that all the money that was
taken from Tesla on Thursday just got added straight into
the indexes.

Speaker 2 (07:08):
Well, payrolls increased more than expected on Friday morning. That
was the big market mover. I mean, it was eleven
percent higher than expected it was going to be. They
increased one hundred and thirty nine thousand for last month,
they were expecting one hundred and twenty five thousand. Unemployment
state steady at four point two percent, and then that
under the unemployment one that is also with underemployed and

(07:30):
discouraged workers was seven point eight percent that was unchanged,
So the labor market seems strong. And even with that,
Trump called on Pal to do a full rate cut
point the full point for rate cut. He just continues
to do it. It's kind of interesting. Why is he
Is he expecting a recession in the near future if
he doesn't. Yeah, Like that's the only thing you can
think of. The everything is showing that the economy is strong.

(07:51):
So according to Pal, he's not going to cut rates
right now.

Speaker 1 (07:54):
Remember twenty percent of the federal budget is interest. Yeah,
so Trump, I think that's where he heads at, trying
to get the interest right down to where though it
looks a little bit more like a balanced budget than
it is. The lower interest rates go, the more money
is available for maybe other things. Yeah.

Speaker 2 (08:10):
And I mean also, you want the interest rates lower
for all the debt that's going to be refinanced the
next or a couple of years, all the mortgages, all
the different commercial mortgages and everything like that. It's going
to be it's up for refinancing, and if the debt's higher,
then that's not going to be very good and great
to kick up.

Speaker 1 (08:29):
We did.

Speaker 2 (08:29):
They went up about two percent on Friday.

Speaker 1 (08:31):
Yeah, yeah, the ten year was was went from four
point four to four point five, and that's kind of
a line in the sand at four point five and
it's like we get over that four point five, then
five isn't that far away?

Speaker 3 (08:44):
And five was the high five is the cost for concern.

Speaker 1 (08:46):
The five has caused for a concern, and the two
year went from three point nine to four. That's not
a big deal, but that's the wrong direction. It's just
a wrong direction. Next week and on the calendar, we've
got a CPS and PPI, both fairly important. We can
been concerned about increasing prices because of the terraffs. We

(09:08):
haven't really seen any of that yet. Amazon says they're
not seeing it. We've had a couple of Uber lived
they say we're not seeing any concerns about it. So
it may be that they just haven't been enforced yet.
That may be why they're not showing up in the CPI. Also,
we've got housing, which is it's actually called shelter housing

(09:29):
and rent a major component of CPI and that's been
moving south, so that may be offsetting some of the
strength and others got to pop in oil this week,
which was really surprise you. Just out of nowhere, oil
popped up about seven eight percent, back to sixty four
dollars and seventy five cents of barrow. Been a while
since we've seen that number.

Speaker 3 (09:50):
So yeah, what do you attribute that one to that
moves to.

Speaker 1 (09:53):
You know, I guess that's going to start to reflect
at the pump, is if you get oil prices up
seven percent, right.

Speaker 2 (09:58):
Yeah, I'm sure. Well, I mean i've fil tank up
the other day it was still two ninety three. Yeah, gallon,
it's still pretty low. Well, you could see it maybe
go to three oh one if it stays up at
sixty five range, but I don't know if it goes
back down, it's not going to change that much.

Speaker 1 (10:13):
Yeah.

Speaker 2 (10:13):
I think it takes to going into the seventies again
for it to see a change at the pump that
would actually be noticeable.

Speaker 1 (10:18):
I would agree, Yeah, I would agree for.

Speaker 2 (10:21):
A bit too, like trading in around seventy rather than sixty,
then I would think per gallon would go up to
about three to ten.

Speaker 1 (10:29):
Yeah. It just seems like there's not a lot of
things that could be driving the price of oil other
than maybe a feeling that the economy is stronger than
we had expected, and probably the biggest driver for oil
would be China. Strength in China, so some economic re
courts out of China this week showing that they're they're recovering.

(10:49):
Their market was up four percent this week, up twenty
percent on the year versus our one point two percent.
So there, of course that's out coming off of a
couple of just horrendous years.

Speaker 4 (11:02):
What are they up for the year?

Speaker 1 (11:03):
Poor Twascar twenty for the year, twenty for the year
for the week, twenty for the year versus our one percent.
But remember we've had two consecutive years of twenty percent
plus totally while they've been just struggling. Maxell even going down.

Speaker 3 (11:17):
So that's that's why we ended up getting out of
the international space. You do the back test over a
prolonged period of time, US domestically always outperforms international space.

Speaker 1 (11:26):
Yes, there are short periods like so far this year,
Europe has outperformed the US for the first five months. Okay,
that's fine. We went back for ten years and only
found one year where europn stocks outperformed US docs. Right,
it was. Using those kinds of statistics, it's hard to
make a case to have a lot of exposure in Europe.

Speaker 2 (11:46):
Yeah right, yeah, And I mean we know what's going
on in the US, whether we like it or not.
We know what's going on around here more than we
would know across the pond.

Speaker 1 (11:54):
So transparency is good here, whereas in China you have
no transparency. I mean you really don't know. They give
economic reports, well.

Speaker 3 (12:02):
They have a floor on other numbers, you know what
they like.

Speaker 1 (12:05):
It's really really hard to go.

Speaker 2 (12:07):
We really got turned off by Chinese investments would Win,
even those it's the US company, they have that exposure
in Macau and you just never knew what was going on.
Win was doing great all this thing, we were doing
well with the stock and anytime China came out and
said anything about Macau, even if it was like any news,
it was just it would go down and we couldn't control,
we couldn't understand it. So that's where really the moment

(12:29):
where all of us in the office just said we
want to get out of international Yeah, these don't know
what's going on, especially in China.

Speaker 1 (12:37):
No, it's very difficult to have a handle on it.
And there's there's plenty of choices domestically, you don't need
to search the world for opportunities. U there are so
many opportunities domestically that that you can go there.

Speaker 3 (12:50):
And if you look at any international charts or companies
ADRs American Depository receipts, the way that they trade, they're
very gappy because obviously they trade on a different index,
they trade on a different market, different country. It's kind
of hard if you're looking at the technical technicals behind,
you know, making an investment or making a trade, it's
hard to incorporate that you're kind of just looking at financials.

(13:12):
You're looking at the fundamental, fundamental reason why you're buying
the company, rather than looking at the technicals. Because if
you look at a chart like Novo, for example, it
looks like schizophrenic druid.

Speaker 1 (13:23):
Seriously, it's about six weeks ago the market the S
and P five hundred was fifty five hundred, and I
ask everybody, what's going to come first, five thousand or
six thousand. Delan and Todds says six thousand, you and
I said five thousand, they win, they win.

Speaker 2 (13:39):
I hit six optimism wins baby.

Speaker 1 (13:41):
Oh absolutely, six thousand day, you know, And at the
time it felt like that might be a reach. But
it's just off the low climbing that, yep. And it's trumptimism. Uh.
I mean, it clearly is trumptimism. Uh. That's that's that's
pushing things higher. We're also getting some interesting economic reports

(14:01):
that Dan you mentioned. The jobs report on Friday was
really strong, much stronger than expected. On Thursday we got
the ADP Private estimate of job growth, which is always flawed,
which has no resemblance to the reality in my opinion,

(14:21):
why not, I don't know, but it's example. They give
said thirty five thousand new jobs were created on Friday.
The government comes down and goes, hey, one hundred and
thirty nine thousand. That's very typical, very typical. But you know,
on Thursday, because the market has come back so far
so fast, there's a little skiddyness out there. And that
report on Thursday from ADP did cause the S and

(14:44):
P to back off about half a percent, and then
Katie bar the doors on Friday and they came back in.
It doesn't seem like there's much that can get in
the way of a new all time high for the
S and P. Is the market pricey, yes, it's very
richly priced. It's priced for perfection, but you don't want

(15:07):
to be out if Trump inks to deal with China.
We saw what happened on Friday with a good jobs reported,
just an Indicationally Dylan said that that Trump and z
are going to meet, just that they're going to meet.

Speaker 3 (15:22):
Not to mention if we get a rate cut. We're
two point four percent off the highs in the s
and P five hundred. That's it.

Speaker 1 (15:28):
They're just a lot of things. And I don't want
to sit here and say, hey, yeah, don't worry, We're
just gonna be fine, because there are pullbacks that come.
We're overdue for one. But right now the news flow
is pretty positive. The Atlanta Fed last week raised their
second quarter GDP forecast from two point five percent to

(15:48):
four point six percent. That's the current quarter. That is
a very strong growth rates four point six percent annualized,
and I thought, really, no tear pullback. Manufacturer Manufacturing has
been contracting for months. The ISN service report on Wednesday
showed contraction for the first time in almost a year,

(16:10):
and yet the job's report was strong. And if Americans
have jobs and consumer sentiment is strong, super strong, they're
going to be spending the money and we should be fine. Yeah.

Speaker 2 (16:22):
Job openings increase as well too, to seven point four million.
That increase about two hundred thousand during April.

Speaker 1 (16:28):
Is it just if the economy looks strong. I think
that's one of the things we talk about trump dmism
and how we're optimistic for the future and a lack
of regulation and uh and good incentives for business. That
certainly isn't important, but you've got to have the economy
remain strong. And I think that's another reason why Trump
would like to see interest rate lower. I just didn't
my heart believe that it's to cut the deficit.

Speaker 2 (16:51):
That would make sense.

Speaker 1 (16:52):
Yeah, there's no reason to cut interest rate.

Speaker 2 (16:55):
Sure, yeah, I mean if we're going from like what
the Fed's looking at, there isn't but there That's exactly
what I think it is too.

Speaker 1 (17:01):
I mean, all the economy numbers are good. We don't
know what the tariffs we're going to bring. We don't
know what kind of inflation, if any of it.

Speaker 2 (17:07):
And I mean the spending bill doesn't seem like it's
gonna cut the deficit much either. It's just going to
outgrow it. So they're trying other ways. And I mean
the terrorists are bringing in billions in the last couple
of months. I think it brought in twenty two billion
dollars during May, which should go straight to the debt,
you would hope.

Speaker 1 (17:25):
Yeah, a lot to be two hundred and fifty billion
a year, right, taking in forced ed.

Speaker 2 (17:28):
We didn't have before. Yeah, And that's what it seems like.
Investors are just coming to terms with the shock of
beginning of April. Just hearing it all at once kind
of scared everybody, and that's where that volatility came in.
And once volatility happens, investors don't like uncertainty, so they'll
get out of the market and wait for everything. The
flatten out which happened in May, it started to slow
down and it started to just become reality, which you

(17:50):
can wrap your head around reality, and I think that's
why it started going strong. And then, like we've been
talking about, it's just positive news is coming through too,
so it's like, Okay, maybe it isn't then to the
world like initially thought by people in April, and you
can move forward and there's positives coming through this, then
they actually might know what they're doing a bit for
what they're going on, you know, what I mean. So

(18:11):
I think it's positive. I think we're gonna I think
we hit it all the time high before we go
down to five thousand. If you want to make that
bet again.

Speaker 1 (18:17):
Honestly, I honestly would be on your side now, which
is probably not a good sign if you're bullish.

Speaker 2 (18:23):
I'm bullish more often last time. I don't know, I'm
just more bullish more often, and I think there's more
more bullish news coming through trying to if they sit
down and agree, that will get a deal done, Like
they'll get a trade deal done within the next few weeks.
Mark's gonna explode. You would think you, I don't see
any reason it wouldn't. No, no, which means yeah, like
you're saying, which means it will go down.

Speaker 3 (18:44):
Obviously, we need to recycle all this debt at a
lower rate. But my worry is that when I think
about my day to day, you know, I go to
the grocery store. I haven't seen prices come down just yet.
So if we cut rates, do we see more inflation
to the consumer level.

Speaker 2 (18:57):
Well, it's not prices coming down, it's just rice is
not increasing. The time that people think are coming from
the terraffs and inflation like prices, and that's the whole thing.
Like when inflation was nine and a half percent almost
back in what twenty two, they're saying it's transitory. FED
was behind the eight ball. Again, it wasn't transitory. It
lasted a while. The price is exploded up to grocery store,

(19:18):
all all that stuff in twenty two with the nine
percent inflation, when it gets back down to two percent,
which is they've been their goal since the beginning of it,
and it is about like what two point four percent now.
It doesn't mean that prices are going to drop from
where they increase at nine percent. They're just increasing slow slower,
so you're still going to be spending more. It's just
that's what inflation is. But the idea of it going

(19:38):
back down below what it was in twenty nineteen is
not going to happen.

Speaker 1 (19:42):
Well, in a healthy economy does need some level of inflation.

Speaker 2 (19:45):
It does. And that what countries just hit zero. I
think it was Twitcherland. They just have zero inflation in
the now. They're in fear of deflation.

Speaker 1 (19:53):
Yeah mean no growth, No, you want to see growth?

Speaker 2 (19:55):
Yeah, And that's that whole thing. I mean like if
you it's the incentive. And that's why like the capitalist
market and stuff too. It it incentifizes growth if you
have the socialists one hundred percent socialists in market, say,
in the US, what is the incentive to make new things,
to build something, to grow something? There's not much incentive.
If you have the capital market where you can be
rewarded for your hard work and your innovation, you're gonna

(20:16):
keep doing it. And that's why the US has always
been what they're doing. And that's why socialist countries like
Switzerland and stuff like that, or I don't know how
socialist they are. No, they're not US. They don't grow
as much.

Speaker 3 (20:25):
Right, and that's why we stick to domestic.

Speaker 2 (20:28):
I like growth, I like innovation. I think it's better
for the world.

Speaker 1 (20:31):
I agree. One thing we heard on you know that
Trump came in on Monday and raised the steel and
aluminum terrafts from twenty five percent to fifty percent. And
seems like every Monday, there's compan something you thought about
over the weekend that he gonna change shares of steel stocks.
Really like that they took off Cleveland Cliffs up twenty

(20:53):
five percent, new core eleven percent steel dynamics ten percent.
Auto stocks did not like the news. GM and Ford
were down five percent. Tesla was only down three percent.
I'm thinking, well, that's good, it's mostly plastic. But the
auto stocks that did not did not like that. But
the autostock's got a good got some good news on Friday,

(21:17):
which gave them a little strength. China granted temporary export
licenses to suppliers of the big three automakers for rare
earth minerals. Now we've heard a lot about rare earth minerals,
there's a lot in the news. It's one of the
primary things that China is using as a negotiating tool.

(21:38):
And rare earth minerals are seventeen metallic elements used in
the manufacture of technology that we rely on every day.
You can find them in smartphones, wind turbines, LEDs, flat
screen TVs. They're also in electric vehicles, MRI scanners, cancer treatment,
many military applications. Funny thing about rare earth minerals, they're

(21:59):
not that rare. But China has been working for the
last twenty years essentially cornering this market.

Speaker 2 (22:07):
Yeah, they have sixty to seventy percent of that global production.
The US is second yep. Or second, we are, but
pretty far behind.

Speaker 1 (22:15):
And that's one of the reasons. I think that that's
one of the things that Trump likes about Greenland is
Greenland is supposedly very rich with rare earth minerals. They're
more common. Rare earth minerals are more common than gold.

Speaker 2 (22:29):
That's not it's just the process is newer. It's trying
to refine them into being useful for evy batteries and
MRI machines.

Speaker 1 (22:36):
Hard to mind, and it's a little bit costly to mine,
and it's environmentally not a real clean thing to be doing.

Speaker 2 (22:44):
Yeah, but we are. I mean, there's a big depository
in California it's been being mined by this company MP Materials,
And then Wyoming has a huge deposit that's just cracking
into now and they just started the production on that
they're trying to commercialize. That's back by the Department of Energy.
So the government is behind this now and they want
to keep it going. But it's going to take time

(23:05):
for us to try and catch up the China.

Speaker 1 (23:07):
That's the key right there, doing time. You're absolutely right,
we're on the right track with these rare minerals and
catching up to China, we're way behind where they have
five times the inventory that we do.

Speaker 2 (23:19):
Yeah, I think what we found it is in Wyoming,
California and Texas mainly, but we're barely cracking into it.

Speaker 1 (23:24):
We got a lot of it. We got a lot
of it.

Speaker 2 (23:27):
Sure, the US is huge.

Speaker 1 (23:28):
We need to get with it, and we kind of
got We kind of got left at the altar on
this one. China saw this coming for whatever reason. China
saw this coming a long time ago and has been
getting these not only within China but in South America,
in Africa of buying land that has these rare minerals

(23:49):
in high concentrations, and so they have that. That's their
primary bargaining ship. Our big bargaining ship is we are
their number one customer. They can't really live without us. However,
if they shut off all of our rare earth minerals,
we can't live without them either. So it's important that
China and the US come together and get an agreement.

(24:10):
I think that's around the corner dealing. Hopefully it starts.

Speaker 2 (24:12):
So it's definitely coming the next few.

Speaker 1 (24:14):
Years, and we'll be back with more than money matter
show right after this break. Thanks for joining us.

Speaker 2 (24:19):
Welcome back to the Money Matter Show. I'm here with
Sebastian Borsini and Dave Sheridan. We're talking about rare earth
minerals that aren't too rare. We're talking about the economy
that's stronger than expected. We're talking about how the positive
outlook is much more likely than a negative outlook. And
we're talking about how the SMP just hit six thousand again.
Got a lot going on this past week, not to
mention the whole spat with Musk and Trump that tanked

(24:43):
Tesla on Thursday, and the Marcus didn't like it either,
because they thought it was going to be more to it,
I think. But then once the jobs came out on
Friday morning, it just shrugged it off like it was nothing.
They're just arguing with each other for no reason.

Speaker 3 (24:54):
I saw the stat out there that the SMPS whatever
they had dropped on Thursday, you contribute twenty six percent
of that drop just because of Tesla.

Speaker 1 (25:02):
Yeah, they were the number one drop, like sixteen percent, Right,
that was a huge I heard, one of the worst
stage for the stock in the history of the company. Yeah,
Hamber for forty points forty five.

Speaker 4 (25:14):
It was gross. It was gross.

Speaker 1 (25:15):
I mean it really got he had hard. Interestingly, it
finished the week at three hundred. I noticed that, oh
what was the analyst is escaping me? JP Morgan came
out and changed their their target to ninety five.

Speaker 2 (25:35):
Yeah, no, perfect, it's not.

Speaker 1 (25:36):
For three hundred right now. Apparently they're not a buyer.

Speaker 3 (25:41):
They came in on they said that on Thursday.

Speaker 1 (25:43):
Friday, Friday, Yeah, Friday, with a stock at three hundred,
you said, targets to ninety five, So they're not thinking
much going We've talked about that before though. There really
is no reason to own that stock unless you are
just an absolute believer in the robo attack and the
robotics that they're working.

Speaker 3 (26:02):
On, or if you're trading it right, you.

Speaker 2 (26:04):
Can trade it, yeah, but for a long term hold.
From everybody I've talked to is it's the robotics idea.
It's not so much the car anymore, that market saturated.
It's more of the robotics that they're at the forefront of.

Speaker 4 (26:16):
You mean, like the actual robots.

Speaker 2 (26:17):
Yes, actual robots, autonomous driving robots.

Speaker 3 (26:21):
Going to say, I think the autonomous driving has a
really big thing there.

Speaker 4 (26:24):
I mean, that's gonna be.

Speaker 2 (26:25):
That's all the future of the company, so you're you're
invested in the future of the company, which isn't the
Tesla amount of why that's just a money maker for
him in a sense, but it's not an innovation. There
there's a lot of competitors out there now there.

Speaker 1 (26:38):
Are a lot of competitors. It's kind of interesting, though, Dylan.
My lease is up in a year. I've had it
for two years and I love it. I would. I'm
gonna we're going to have one electric car period. So
what I'm looking around, you know how you do, and
you know you're gonna have to change cars, you know,
a year from now. I'm just kind of kicking as

(26:59):
I just kind of looking around on why. I don't
see much out there that that attracts my attention.

Speaker 2 (27:04):
Try Elusive the Ford Mochi, but you're in a Ford.

Speaker 1 (27:08):
I love. I love the Ford Mochi. The looks of it.
I think it's probably the best looking TV out there.
But it's the Ford.

Speaker 2 (27:17):
At the end of the day, Hey, Ford had great
sales last month. Yeah, there's sixteen percent jump. They've been
doing well. It ended on June second, But they're doing
an employer pricing program for their US made cars. To
try and help their sales with the incoming teariffs. So
they've just been selling cars a lot more with that,
and they've just been it. I guess it's controversial in
the auto industry because they're just selling car solo, so

(27:39):
it's like undercutting other things. But Ford said, screw it,
we're making money.

Speaker 1 (27:43):
Sixteen percent increase in sales year over year for me, right,
But again that employee pricing thing.

Speaker 2 (27:51):
It was mostly combustion at seventeen percent increase of the sales,
and then twenty nine percent increase in hybrids, Yeah, which
offset a twenty five percent drop in sales for evs.

Speaker 1 (28:02):
I saw that, Yeah, I saw that, which.

Speaker 2 (28:04):
And they said mainly yeah, this is from CNBC. They
mainly said it was the electric f one fifty had
a huge dropping sales.

Speaker 1 (28:11):
Yeah. I don't understand the whole electric pickup thing. If
I were a person who uses a pickup, I want
as much power as I can get in a pickup.

Speaker 3 (28:22):
Not only that you want range, right range.

Speaker 1 (28:24):
I want power. I don't want to have to stop
halfway through my work day. I'm hauling construction equipment.

Speaker 4 (28:30):
Around and or whatever.

Speaker 1 (28:32):
Oh I have to go charge now. I just don't
understand the whole electric pickup thing. I have a buddy
of mine who can afford anything, and he actually went
and kick the tires on the lightning. He's a big
Ford guy, went and kicked the tires on the lightning,
the F one fifty and he said, now think so,
And so you know, this guy could afford a fleet

(28:55):
of them. It's not a big deal. We haven't done
the disclaimer yet.

Speaker 3 (28:58):
Before we go any further in the show's sponsored by
the Green Brig Financial Group and you can listen on
seven ninety knst or iHeartRadio. The show discusses its different
investment products and strategies. Every products and strategy have some
type of inherent risk, and we strongly encourage our listeners
to properly understand the risk to determine whether to buy,
sell or hold. Show has been on air for over
thirty years. Green Brook Financial Group is registered with the SEC.

(29:20):
Visit our website at Greenbrik Financial dot com for some
more information. If you ever want a question answered on
the show, gives a shout at contact at green Brig
Financial dot com. You could schedule financial planning meeting totally free.
Give us a call at five two zero five four
four four nine zero nine.

Speaker 1 (29:36):
Nice job by, nice job.

Speaker 4 (29:37):
Thanks.

Speaker 1 (29:38):
I did last week for the first time, and people
called in complimentary about it.

Speaker 3 (29:41):
No, they didn't know.

Speaker 1 (29:43):
Yeah, you're right, that was actually a lie.

Speaker 3 (29:47):
I ain't everybody for your first time though.

Speaker 1 (29:50):
Yes, I got through it. Dn Dumble was Hey, Dylan,
this kind of interesting one student loans.

Speaker 2 (29:56):
Yeah.

Speaker 1 (29:57):
Uh. Trump administration is ordered the Department of edge Education
to resume collection activity on the nation's one point six
trillion dollars student loan portfolio. You know, since COVID, there's
been no attempt to collect delinquent student loans, zero attempt.

Speaker 2 (30:14):
I didn't know there's zero attempt, but no attempt. See
that stop making your payments.

Speaker 1 (30:18):
Why would you be making payments?

Speaker 2 (30:20):
Yeah, because I event that's not how that works for
me at least. Yeah, I'm not gonna I'm not going
to play chance on that. But yeah, I mean, the
last administration didn't give a crap about student loans, so
it makes sense that there was a zero attempt.

Speaker 4 (30:31):
It was not a socialist dude.

Speaker 1 (30:33):
It's crazy that was you know to get this this
this one really surprised me. Four hundred and fifty thousand
of those one point six trillion loans are for people
sixty two and over. Oh wow, four hundred and fifty
thousand dollars worth. The student loans is for people sixty
two and older. Trump came out and said, okay, this
is easy. We're simply going to guarn you social security.

Speaker 2 (30:55):
I thought they stopped that though they did.

Speaker 1 (30:57):
They did.

Speaker 2 (30:57):
Yeah, I did about three Yeah, I remember, I saw
they're gonna stop. They're like, we're gonna not garnish. So
scary to you.

Speaker 1 (31:03):
I think we found a sacred Kyle here. Can you
imagine the play backlash Mildred having her social Security with
held because of her thirty year old student a loan.

Speaker 4 (31:14):
Yeah, she got her music degree in I.

Speaker 1 (31:16):
Don't know, it's just that was history. When when I
saw that I want number one, I was surprised that
four hundred and fifty thousand bar wars over the age
of sixty two have to loan.

Speaker 2 (31:26):
Well, I feel like that's why this whole shift is
happening too, where people are starting to go to trade
school or just go work right away, because why do
you like the idea of having student loans for forty
years is ridiculous. The student loans the explosion in college
prices per year. It's just that that inflation over the
last forty years is ridiculous compared to other prices. And

(31:48):
so you go do the same thing, and then you're
not even gonna get able to get jobs, just gonna
you can get a trade job. You go to what
one or two years worth of school, you get a
great paying trade job. You start your career off at
twenty years old. You're gonna be having You're gonna be
making money. You're not gonna have so much debt. It's
a different lifestyle that a lot of people are attracted to.

Speaker 3 (32:06):
I think it's trending that way, and I think that, yeah,
you could speak on it as well. During our financial
planning meetings. More and more so people are saying, I
don't want to pay for college for my kids anymore.
They're gonna go to trade score. I hope they do
trade school.

Speaker 2 (32:18):
Or I hope they're super good at sports or super
smart so they get so they get a scholarship.

Speaker 1 (32:22):
Right, I will say this, it is really hard to
find quality plumbers, electricians, anything, right, anything, anything where somebody
actually worked for a living.

Speaker 2 (32:31):
Yeah, I mean that those are jobs. They're still gonna
be around. AI isn't going to take a plumbing job
away anytime soon. At least maybe the Tesla robots in
twenty years, but it's nowhere near gonna happen right now.
You need those jobs. You need people to be able
to come in and fix your plumb and fix your
ac especially in Tucson.

Speaker 1 (32:48):
Speaking of the college, did you see the college awards
have gotten another player? You know, Trump has been after Harvard.
I'm gonna put Harvard out of business right. The US
Education Department Wednesday said Columbia University has failed to meet
the standards for accreditation because it's in violation of federal
anti discrimination laws for tolerating and harassment of Jewish students

(33:11):
on campus.

Speaker 2 (33:14):
They're not putting up with it.

Speaker 1 (33:16):
I just it. I like that, I like it. I
understand free speech, you know, and then there's a fine
line there isn't there between.

Speaker 2 (33:25):
Yeah, well, yeah, there's that fine line between free speech
and hate speech, and all that is who's the judge
of it? And it, I mean it's going to be
should be Columbia if they're on their campus, just like
they try to stop those people. They would like the
students would protests and out of know where, you got
all these forty year olds coming into protests. They're trying
to like they were trying at least to stop that.
They're like, well, our students can do it, but if

(33:45):
you're going to protest, you got to show a student
ID and if you don't have them, get off our campus. Yeah,
is what at least what they're trying to do to
mitigate it. It's crazy they got forty year olds coming
on campus to protest and just riot things up.

Speaker 3 (33:56):
Well, I was happening here in our backyard at the
University of Arizona. A bunch of the actual protesters weren't
even kids that were going to or just but they were.

Speaker 2 (34:04):
They're opposing as like a U of a student of
a protest and all that they weren't. They're just trying
to get like in it and just agitate.

Speaker 1 (34:11):
People in the name of the U of a right and.

Speaker 2 (34:14):
That's pretty much what it is. And it's like, so
they're just trying to do They're not there for good reasons.

Speaker 1 (34:19):
I saw that Walmart plans to launch drone delivery at
one hundred stores in Atlantis, Charlotte, Houston, Orlando, and Tampa
within the next year, U stores have to be with
the address has to be within six miles of the store,
which made me think, gosh, it's not that big a
they'll drive over there. You know, you gotta have the drone.

Speaker 3 (34:38):
It's a starting point. It's like the range on the Teslas.
We'll get to twenty eventually.

Speaker 1 (34:42):
And Amazon's are working on the same thing. You know,
if you've ever been around a drone, they're pretty annoying.
So listen to right, just a drone. Imagine if we
had like fifty of them flying around, how long are
we going to tolerate this?

Speaker 3 (34:58):
Well, I think that they're gonna probably be a little
quieter than you're imagining, because there's again electric air taxis
out there now that you could barely even hear.

Speaker 1 (35:07):
You think it's a new breed of drone.

Speaker 3 (35:08):
I do.

Speaker 1 (35:09):
I hope so I do, because I can't even imagine
driving walking around in my hiking or whatever, and thirty.

Speaker 3 (35:18):
Some eggs and milk drop on you.

Speaker 1 (35:20):
Oh my, well, just annoying. I mean, it's just annoy alone.
I don't care about the drone delivery. I think that's
that's cool. I like technology, not if it annoys me,
and that would really annoy me. So it'd be interesting
to see what kind of annoyse violent.

Speaker 3 (35:35):
It'll be cool in the future when Tesla like merges
with Walmart and I have my autonomous vehicle, I just
have to go to Walmart and pike the groceries up.
The worker puts it on their format. Welcome back to
the Money Matter Show. My name is Sebastian Bors Scenium
here with Dylan Greenberg and David Sherwood. Smaller crew in
the house.

Speaker 4 (35:52):
Today.

Speaker 2 (35:53):
We had an IPO last week circle we are see. Yeah,
this was the big one that was a big This
is a company that deals with us DC stable coins,
which has been a big rage for the governments talking
about using them. It's a stable coin, is supposed to
be in a sense like a bitcoin, but doesn't have
the volatility, and it's kind of like in a sent
like we're thinking like a dollar in the future. That

(36:15):
stock IPO at thirty one dollars, which the under riders,
the hedge funds, the mutual funds, they all get that price.
Then it started trading to the public and it went crazy.
They had to come out more shares. It opened up
where you and I could buy it at seventy four
dollars a share. It ended last week at one hundred
and seven dollars a share. It's like one of those
ones from twenty twenty one, those spacks, but this company

(36:37):
actually has some girth behind it, some financials behind it,
some good ideas behind it. So it's one to watch.
It's kind of hard to buy right now when it's
pe' is thirteen fifty, but it's something to watch if
it comes down, which I'm sure it will. It's a
could be one that if you're looking for to get
into the bitcoin area. And what a.

Speaker 3 (36:56):
Stable coin is, it's it's a big It's a crypto
that's intended to be so you trans converts your US
dollars into the stable coin in order to buy bitcoin.
Right So, I'm not thinking about it's an ETF, a
bitcoin ETF. I'm thinking about buying actual bitcoin. This is
supposed to fluctuate from a dollar to a dollar and
one cents. It's not supposed to fluctuate at all really right,

(37:18):
stable So it's essentially it's an infrastructure for the future
that we're going to have to have in order to
keep buying bitcoin, keep buying digital assets.

Speaker 1 (37:27):
The interesting part about this IPO is that the underwriters
are going to try to get the maximum amount of
money that they can get for their client, who are
the people selling the stock. And they determined that the
maximum amount of money they could get was around twenty
seven or twenty eight dollars A can't public get thirty.

Speaker 2 (37:47):
Thirty one dollars it came public.

Speaker 1 (37:48):
We got that top end of what anybody could have imagined.
What one and that's what's what intelligent people with good
financial save said, is the maximum we can get for
this is thirty one dollars. Next thing, you know, one
hundred and seventeen.

Speaker 2 (38:05):
I love watching Yeah, when you're watching the sock, it
says as IPOs at thirty one dollars a share, we're
not like we weren't able to buy it a thirty
one dollars a share.

Speaker 1 (38:13):
Now it almost nobody will. What happened?

Speaker 2 (38:15):
Those are the younger writers and the institutions and the
hedge funds and the mutual funds that all have deals
the night before they buy it that price, and then
when it comes to technically the open market, like the
secondary Thursday morning, it started opening. It technically opened at
thirty one, but then there was on the floor. They
were trading back and forth and they're seeing the public's
interest in it, and the if the public's interest gets

(38:36):
so high, they're gonna need to issue let more of
the shares out because they only issue a certain amount
of shares. Public loves it. They got to issue more shares,
and then it starts increasing the price, increasing the price,
and then when they finally settles down is when it
starts opening and you can buy it on Robinhood, on
the trade and on we can buy it for our clients.
That's when it was at seventy three dollars a share,
and then from there it's just game on and it

(38:58):
went to one oh seven.

Speaker 1 (38:59):
Right, Well, gee, who wouldn't do that? Well, the only
way you can get those shares, like Dylan mentioned at
thirty one dollars from the underwriter are if you're one
of their better clients and you're buying other non sexy
deals from them. Generally, the people that are going to
get shares of a hot ipo like that have also

(39:20):
done four or five preferred stock deals where they needed
to raise money and is not going in.

Speaker 2 (39:27):
And for example, I mean like a heads fund that
or a mutual fun that did is ARC Investments, Kathy Woods.
They bought four and a half million shares of this
before we were able to buy right.

Speaker 1 (39:37):
And private equity right, oh yeah, so a lot of
that goes to private equity people that helped fund and
a lot of these private equity deals go under a
lot of good percentage of them don't ever survive.

Speaker 3 (39:49):
The underwriter just looks ridiculous in this, right, speculator.

Speaker 2 (39:53):
No, because they based it off the market conditions and
they're doing their due diligence. It's just sometimes the market
just loves it.

Speaker 1 (40:00):
Yeah, you never do. You never know what the market's
gonna love.

Speaker 2 (40:03):
Because it's not like it's twenty twenty one where every
ipo happened and it's just doubled like this. It's just
a people like the idea of having a stable coin
because it's less it's supposedly less volatile than bitcoin, but
it's the same crypto market area kind of thing. So
they like that because, I mean, other ipeos have come
out this year and they didn't shoot up, they didn't
all shoot up eight eighty percent.

Speaker 1 (40:24):
And sometimes it's hard to understand because the Newsmax is
a good example, right where newsmacs just took off, and
now you've got everybody's selling it. And then some one
that came out on Friday, Omaha Health, a virtual healthcare
company founded in twenty twelve. Their stock jumped forty percent

(40:47):
from the IPO on Friday. And it really me scratching
my head because most of the virtual health stocks are
in the tank, are in the toilet, And I don't
know why this particular company who does special and more
seriously ill patients is going to make it when the
others are struggling.

Speaker 2 (41:06):
I don't know. You think people just have a lot
of cash on the side from the last couple of
months and they just want to put it to work
with these IPOs, make some money and then leave.

Speaker 3 (41:13):
They sold Tesla and put it in there.

Speaker 2 (41:15):
Yeah, that's it. I mean, really, that's what I kind
of think could be happening. Is just because you're still
getting four percent of the money market, so people just
have their money on the side. They took it out
of the volatility for about six weeks. IPOs come out
they say, hey, I like it. That's why these stocks
might shoot up a little.

Speaker 1 (41:29):
Bit of this fall.

Speaker 2 (41:29):
I don't think there's a lot of investors out there
that have been fully invested for the last six months.
I know our client, we haven't had our clients fully
I would agree, So that's maybe what's going on. They
got a little cash to throw around and then it's
like a little pot like we're saying positive outlook, positive,
everything going on, so they like, let's take advantage of it.

Speaker 1 (41:45):
I noticed a VIX, which is a volatility index, was
under seventeen on Friday, which is a very complacence.

Speaker 2 (41:52):
For reference, it was at fifty five in the first
week April. With all the higher the VIX.

Speaker 1 (41:57):
The better an opportunity it is, because the more fear
they're in the market.

Speaker 2 (42:01):
Oh yeah, And by opportunity you mean, yeah, you're trying
to buy. When that VIKES is super high, you as
an investor, you want to buy because that means people
are selling.

Speaker 3 (42:09):
I think the fact that it's now in the ten
to twenty range, we could see it come down all
the way to thirteen fourteen before we see that pullback.

Speaker 2 (42:15):
Sure, I mean like, yeah, if China and the US
make a deal in the next two weeks, that VIX
is probably gonna be like twelve.

Speaker 1 (42:22):
Yeah. I don't think there's much fear in the market
right now, because there's all of this trumptimism that we're
gonna get deals, we're gonna have peace, we're gonna there's
good things are coming.

Speaker 2 (42:33):
I don't think fear will come into the market until
maybe like the fourth quarter, where we see if we
see tariffs take a toll on the economy. That's the
only thing I can think of. Now they're implemented, they're
going if it's if it's making a bigger impact than
people thought, that's where I can see fear coming. But
other than that, don't see much fear in the market.

Speaker 1 (42:52):
We are seeing it. We are seeing to pick up
in cost and we talked about this last week about
raising prices simply simply because they could right, kind of
like COVID. And we just got to report last week
from the New York Federal Reserve that says the majority
of companies have passed at least some of Trump's tariffs,

(43:12):
both real and imagined, onto consumers.

Speaker 4 (43:16):
YEP.

Speaker 1 (43:16):
So so there is some some of that going on.

Speaker 2 (43:18):
But it is not much, because I mean, for a
lot of people, they thought it was just one hundred
percent of the tariff cost is going to you which
I didn't believe. No companies are good because they're still
gonna be competitive. Like we're talking about Honda. When they're
building that plant here, it's like they're Okay, they start
selling a Honda Civic for one hundred and ten thousand
dollars because it costs some more. Nobody's gonna buy a
Honda Civic, right it is, And they're gonna go out,
they're gonna stop manufacturing. They're gonna have to still be competitive.

(43:40):
They're gonna have to eat some of the cost. But
while we're eating some of the costs as of corporation,
the US is using the terrafts to pay down a debt,
so that can help.

Speaker 1 (43:48):
That doesn't matter what cost, right, Yeah.

Speaker 2 (43:51):
It's the whole Apple thing with the iPhone. They're saying
it's cheaper for the company to eat the twenty five
percent cost of the tariff rather than build a manufacturing
and do all the manufaction for the iPhones in the US.

Speaker 1 (44:01):
Well, and there's so many, so much negative, so much
sensational press out there. An iPhone now is what about
a thousand bucks.

Speaker 2 (44:08):
Twelve hundred thirteen hund there, Right, the big.

Speaker 1 (44:11):
The tariffs could raise the price to three thousand.

Speaker 2 (44:14):
Really, that's what Apple was saying. If they did the
manufacturing in the US, then iPhones could cost three thousands. Oh,
they brought so there. That's not the twenty five percent
of tariff. That's that's bringing it here, So there's no terrafs.
They're like, okay there. I guess they're initially were saying
they're twenty If they just eat that costs, or at
least most of it. They might have to raise it
for about one hundred to two hundred dollars for the
big iPhones.

Speaker 1 (44:34):
Oh okay, yeah, that seems that seems about right. You
want a fun fact?

Speaker 4 (44:38):
What's the same fact.

Speaker 1 (44:40):
I don't know about you, but I've noticed recently a
larger number of people in ads and promotions with the
British accent. Have you knowed that there's just an awfully
lot of more British accents on TV than there used
to be. And I guess my wife and I noticed
it because every time it happens, we go, there, you go, there,
you go. There's a study get this from the University

(45:03):
of Chicago found that many associate a British accent with
a higher level of intelligence, professionalism, and trust. So there's
a reason that all of these British accents people are successful.

Speaker 2 (45:19):
Well, it seemed like British actors used to try and
do the American accent too, and then you hear them
talk I got a war shows and realize they're British.

Speaker 1 (45:26):
It is interesting to hear singers with a pretty heavy
accent singing.

Speaker 2 (45:31):
There's no accent that always turns out. Yeah, I don't
get that. It's something with the singing. I don't know.

Speaker 1 (45:37):
I never said somebody smarter than us has to figure
this out. Let us know. If you know why, explain
explain it to us.

Speaker 2 (45:43):
Right, So you're talking about how they're passing the costs
on to consumers.

Speaker 1 (45:48):
Yep.

Speaker 2 (45:48):
More people have been going to Dollar General. More higher
income people have been going to Dollar General, is what
they were saying on their earnings report there, and that
means they're having people spend more there because than the
people that normally don't go there, they might go to
Target or something. They're saying, we're going to go to
Dollar General. Dollar General is positioning themselves much better than
Dollar Tree. It seems. Dollar General is up about fifty
percent for the year. Dollar Tree is up about twenty

(46:10):
five percent. Dollar Tree is struggling because they're talking about
how the terrorists are just going to impact their business.
They sold off their family dollar for a billion dollars,
which was a laggard in their company, and then Dollar
Tree or Dollar General is saying, we have moved our
production and our manufacturing and all the stuff that they do.
We're trying to move it out of China. We're moving
into other countries out of more tariff friendly. So they're

(46:32):
proactive with these tariffs and that's helping their business a lot,
and they have a positive outlook for the future. Dollar
Tree doesn't have such a positive outlook because the're saying
the arifts are going to hurt their business. So it's
interesting how two of the similar business models are getting hurt,
or one's getting hurt much more than the other because
the other one is being more proactive to get around
stuff and just be more profitable. Well, the other one

(46:53):
is just saying, ah, right.

Speaker 1 (46:55):
A luck, I saw the exact same thing and thought
the exact same thing. What was amazed. Dollar General hit
an eight year low earlier this year, and it has
sense doubled.

Speaker 2 (47:06):
Which makes sense that those stocks are going to do well,
I wish you would think. I wish I thought about
it earlier that I would like that's something I was
going to do well regardless. I mean, you got those
companies are going to do well in a time off.
You think prices are increasing, you'll go to dollar General
dollars trade grocers for four dollars rather than a dollar.

Speaker 1 (47:21):
That's why TJ Max exactly. Anyway, we'll be back right
after this break. We thank you again for joining us.
We got the second half of The Money Matter Show
coming up.

Speaker 2 (47:30):
We got the eighteen Welcome back to the second hour
of the Money Matter Show. For those of you just
tuning in, thank you for tuning in. We always appreciate
our listeners out there, because if you guys weren't listening,
we'd just be talking to nobody, so it would be pointless. Yeah,
we really appreciate This show's been on the air for
roughly thirty five years now. We've been doing it every Sunday.
Now we have TV shows on Sunday Morning and Sunday Night,

(47:51):
which those are more overarching ideas of financial planning. Obviously,
the Sunday shows recorded every week, so we talk more
current events. Saturday shows are radio shows that are more
from the TV show as well. They're talking about financial planning,
our thoughts on it and different ideas of what to
go into it, how to get ready for retirement, what
to do during retirement, what are the ideas about retirement,
social Security annuities, all those different things we talk about

(48:14):
on that show. But those are more timeless in a
sense than not so much current events like this radio show.
But we do love doing this Sunday show at eight
am every morning every Sunday, thirty five years. I'm doing
a business has been around for what thirty seven years now?
The market, Yeah, the market was up one point two
percent for the Dow, the SMP was up a percent

(48:35):
and a half, the Nasdaq was up two point two percent,
small cap was up three point three percent, and the RSP,
which is the equal weighted was up one point four percent.
SMP five hundred hit six thousand again and did exactly
a six thousand on Friday. It's now up two percent
for the year. That Dow is up a half a
percent for the year, the Nasdaq is up one percent
for the year, and the equal weight to SMP is

(48:57):
up two percent for the year. Small Cap is still lagging.
They're down four percent, but they are making a comeback,
which makes it think the economy is thinking as stronger.
Like we were talking about in the first hour, if
you got small cap companies coming back with a vengeance,
economy should be doing all right.

Speaker 3 (49:11):
I was gonna say that was the most foolish thing
that came about this week was the fact that Russell
two thousand small caps up performed every other index three
point three percent.

Speaker 4 (49:19):
You're to date down four percent.

Speaker 3 (49:21):
I mean, once that thing starts going, I think we're
gonna see a lot more all time, Himes.

Speaker 2 (49:26):
I think more people are going to start buying local too,
in a sense, those smaller companies like that. They might
not be completely local, but they're more domestic in that
sense than what they do where they source. Because they're smaller,
it's cheaper form the coping with them or investing with
them in a sense, those kind of companies, those smaller companies.
But yeah, definitely shopping around town too. But yeah, I
think so coming to the near field.

Speaker 1 (49:48):
You the new place there and crossroads, yep. I think
they're associated with the roadhouse.

Speaker 2 (49:54):
Say yeah, run by the same people, Yeah, same people.

Speaker 1 (49:56):
And I was there with my grandkids last week. That's
pretty fun dealing you're going next week?

Speaker 2 (50:00):
Well, at this time of recording, I had gone last night.

Speaker 1 (50:04):
Okay. What's interesting is is I didn't know what to expect.
They've got a bowling alley there. It's relatively small, but
it's clean and and it looks great. Uh. They have
a restaurant that looks really inviting. I generally wouldn't go
to a place like that to eat, and we didn't.
We had ahead of time, but I wish I would
have waited. It looked very inviting. They have a beautiful

(50:26):
bar in there, which if you want to go have
a drink, it looks very safe. Plus all kinds of
stuff with the kids. Dylan used seem to be moved
by the axe drawing right.

Speaker 2 (50:34):
Actra that's fun. Yeah, we're bowling and we're don't throwing
access and.

Speaker 3 (50:39):
Going back to those small caps real quick thinking, like
think about the companies that are in that index right now.
You have a bunch of quantum computing stocks that you
know are trading at five to ten dollars a share.
You have a bunch of AI infrastructure, You have a
bunch of companies not like Circle because that's obviously not
a small cap at this point, but a lot of
new crypto space, new crypto world. You know, these are

(51:00):
all small capital companies that will eventually catch a bid.

Speaker 1 (51:06):
Yeah, And there's a plethora of choices. For instance, of
the four indexes or five indexes we follow, the Dow
is the thirty industrial stocks. The thirty in theory biggest
safest stocks in the country rights supposed to represent the
overall economy of those thirty stocks, which is really they
do a pretty good job of mimicking the S and

(51:26):
P five hundred with only thirty stocks. I'll give them
credit for that, but that's probably the most conservative index.
The most aggressive index would clearly be the Russell, which
is the small caps, and that'll move a lot more
aggressively up and down, then will the Dow. And in
the middle of that, at the S and P five
hundred kind of a combination of the two NASDAK is

(51:48):
predominantly technology stocks. The RSP is the equal weighted S
and P five hundred a little bit more. That's what
the market is doing. As opposed to the Dow with
thirty stocks, study S and P with five hundred stocks
that are heavily weighted towards seven or eight of those stocks.
Every month you put out a report, a couple of

(52:09):
different reports, and let's look at the numbers from May.
I find it kind of interesting to look at, like
the Dow thirty stocks, right.

Speaker 4 (52:17):
I love looking at this doall time was the.

Speaker 1 (52:19):
Top performer in the Dow. So you're to date, you're
to date.

Speaker 3 (52:22):
We have IBM is something. IBM up eighteen percent year
to date, and these are all numbers that were updated
on at the end of May.

Speaker 4 (52:30):
So obviously it's probably up twenty.

Speaker 1 (52:32):
Two dead IBM number one.

Speaker 4 (52:36):
And then you have Boweing.

Speaker 1 (52:38):
Number two, number two after spend the bottom for the
last two.

Speaker 4 (52:41):
Years, and then number three you have Coke.

Speaker 1 (52:44):
It's interesting. I wouldn't have put Coca at the top there.

Speaker 2 (52:46):
I mention, guess who the last one is in.

Speaker 1 (52:49):
The last place. That's easy to night. Healthcare?

Speaker 3 (52:51):
Healthcare, no doubt, they're down forty percent year to dates.
They had a horrible made went down twenty six percent
as a whole. Previously the last month when I did
the supports, you had an video down there and they
were down abouts I don't know, give or take twenty
two percent.

Speaker 1 (53:07):
Yeah, you know, videos come all the way back into
the positive now.

Speaker 3 (53:09):
Or they had yeah, May or video had a greats May.
They went up about twenty one point one percent. Now
they're about sixty basis points here to date.

Speaker 1 (53:18):
So if you're looking for uh, IBM was near the
bottom for a couple of years. Three AM near the
bottom for a couple of years. Uh, I'm drawing a blank.
Three AM was near a boyantry about that boy was
near the bottom for a couple of years. Now all

(53:38):
three of those are near the top. They're all the
best performers. And that's how how it works when you're
talking about high quality stuff.

Speaker 2 (53:44):
A whole thing called the dogs of the Dow.

Speaker 1 (53:46):
Oh there used to be dogs of the Dow. Yeah,
you buy the five worst performing stocks. Uh, and you
hold it for a year.

Speaker 3 (53:53):
We're not recommending United Healthcare.

Speaker 1 (53:54):
Right now, not recommending anything because we don't know your
investment objectives, we don't your profile. We're not recommending anything.
But speaking of United Health, did you see where Key
Bank on Wenday?

Speaker 3 (54:06):
Oh go ahead, Well, yeah, I just want to go
back because I thought that's another doubt performer. How to
really impressive may and that's Disney they're up twenty one
percent this month.

Speaker 1 (54:14):
Have you noticed how many Disney movies.

Speaker 3 (54:16):
Are from start twenty four perny?

Speaker 1 (54:19):
Disney movies are all of a sudden coming out. I'm
just noticed that with grandkids, like they're about to break me.
You know.

Speaker 2 (54:24):
I don't know if there's more coming out than normal.
You just might be noticing it.

Speaker 4 (54:28):
More because your grandkids are in town.

Speaker 1 (54:30):
Yeah, grand kids live here now as opposed to California,
So maybe that you.

Speaker 4 (54:33):
Have a bias there.

Speaker 1 (54:35):
It did.

Speaker 2 (54:35):
Yeah, Disney has been doing well though. I mean, ESPN
is doing well. They're opening a new park and hobby
yeah yeah, yeah, so overall they're doing well.

Speaker 4 (54:43):
But still just I don't know, and I do it.

Speaker 2 (54:46):
Sock doesn't do it for me anymore.

Speaker 1 (54:47):
I know it's a hard stock town.

Speaker 2 (54:49):
We used to love it because I mean, you're so
verified and it's the cruises, the ships, are the parks,
ESPN all that. Then he got a Pixar two and
out or yeah it's Pixar, but it just doesn't seem
like it's going I think I feel like Marvel has
just kind of ran its course and people aren't so
excited anymore. And that was a huge Disney thing for

(55:11):
last fifteen years when they bought Marvel.

Speaker 1 (55:14):
Disney has so many moving parts. And when they all
start hitting at the same time, when you've got the streaming,
you've got the movies, you got the cruise lines in
the park parks though all start hitting at the same time,
you've got a behemoth.

Speaker 3 (55:31):
And I think their biggest I think their biggest laggard
at this point has been their streaming services. They haven't
still been able to actually truly monetize that, as in
make profit on it.

Speaker 2 (55:40):
Well, because you see everything, You've watched everything we all
signed up for for a lot of the nostalgic movies
and stuff like that, and then you got Marvel and
that geo and all that. But the people who are
going to have Disney Plus already have it. They're probably
not going to be a lot of people that are
going to continue to download it. And Disney isn't coming
out with a ton of new content where people want
to flock to Disney Plus. They're not doing a bunch
of originals like Netflix and Hulu and pet cocken Paramount Plus.

(56:04):
They're just they're behind the ball on all that. So
it seemed like it maxed out for what it was
doing before.

Speaker 1 (56:11):
But it is a hard a for Dylan's point, it
is a hard stock to own because it has been
a laggard for so long. Yeah, every time he gets
back in this one ten area bang.

Speaker 2 (56:24):
Kind of like Bowen was for a few years, where
it's just all of a sudden, you just you're it's
coming back, coming back, the bad news coming back, bad
news coming back, bad news, and it's just something is
there's other things to invest in, there's other opportunities.

Speaker 1 (56:36):
It's going to come a time when that said it
is he hits on all four cylinders.

Speaker 2 (56:41):
And then it'll be at one fifty sixty again.

Speaker 1 (56:43):
It will be Yeah, it will be that's coming.

Speaker 4 (56:47):
Go ahead, I have another one SMP sector list.

Speaker 2 (56:50):
Uh, this that's fun.

Speaker 1 (56:51):
How many sectors are there in the s and P
five hundred.

Speaker 2 (56:55):
Seven eleven eleven.

Speaker 3 (56:59):
You're you're in a new lanswer, I do the answer
I should. Well, what do you think the top performer
in May?

Speaker 1 (57:04):
Was the top performing.

Speaker 4 (57:08):
Sector of May for May?

Speaker 2 (57:10):
Not your to date banking?

Speaker 3 (57:12):
Nope, Technology ten percent, But then you had banking actually no,
financials only went up four and a half percents. The
next best in May was Industrials x l I your
Date best Performers x l I Industrials, and then next
was xl U Utilities and we kind of thought about
that last year. I mean, we had a good sized position.
XLU talked about the infrastructure that you know, we're going

(57:35):
to keep needing build outs for evs, for AI and whatnots,
and that's why we started investing their energy.

Speaker 1 (57:41):
The problem, the problem with the utility stocks is if
you think of them in their traditional sense, you would
expect that they would go down as interest rates go
up because they have a tremendous amount of infrastructure that
they have to pay, that they had to borrow to build.
But if it's not your dad's utility anymore, it's all

(58:04):
about trying to generate the power necessary to run all
of these AI and data centers and things. It's just amazing.
And again something that the US is really lagging behind
China on is the power generation. You know, Constellation Energy,

(58:27):
one of those utility comes down up forty percent this year,
ten percent higher on Tuesday after they ain't to deal
with Meta for nuclear power in Illinois for twenty years
to power the data centers. There a new sense of
nuclear etf F five percent GeV Veranova to a new
all time high. The city group reacted by downgrading the

(58:47):
stock from a BI to hold.

Speaker 4 (58:50):
That's how we'll catch up to China's through nuclear.

Speaker 1 (58:52):
But in a related story of Amazon plants to spend
ten billion on a new data center in North Carolina,
it's it really is a rush to catch up. Since
twenty ten, the Chinese electric output per citizen has increased
by six hundred percent, while the US has actually declined declined.

Speaker 4 (59:13):
I don't know how that could be.

Speaker 1 (59:14):
Their power grid has increased by six hundred percent per
citizen while the US has declined. So we got a
lot of catching up to do. Well.

Speaker 3 (59:25):
That is that how you should read that? Or does
that just mean that we're being more efficient?

Speaker 1 (59:28):
No, China could generate four times as much power as
we do, okay, four times we've liked, we've been sleeping again,
like with the rare earth minerals, And I don't know
who's in charge of that, but I want to talk
to them.

Speaker 5 (59:41):
Are they called why are they called rare earth minerals?
Why are they called rare earth minerals? I don't know
that's a good question, because it's hard to process. Some
term rare earth minerals. I guess maybe they were rare
when they were first discovered. It's like, oh, what is
this is kind of rare?

Speaker 2 (59:55):
Like Mas and night on it didn't you names?

Speaker 3 (59:57):
Weren't you saying that it's not really good for the
environment to be minding these things?

Speaker 2 (01:00:00):
So yeah, it's absolutely, it's fun It's.

Speaker 3 (01:00:02):
Funny because they're, you know, the components that make up
renewable energy ivy batteries and wind turbines.

Speaker 2 (01:00:08):
And what makes it so bad compared to mining lithium
or mining coal.

Speaker 1 (01:00:13):
If you look at the the only and I'm not
a miner or know anything about mining, but if you
look at them, the minerals or earth minerals, they're very powdery.
Maybe that's it. I don't know, I don't know, but
you've got me. But that's The rush to to get
more power for these data centers is on big time.

(01:00:37):
And I think that's where you can make a case
that utility x l U and in this case might
be a reasonable investment for someone long term, just the
fact that that we're going to have so much demand.
We think of a of a utility company as having
a finite demand and and uh so so right, and

(01:01:01):
interest rates hurts them, but they but it's not anymore.
A demand is going to accelerate pretty much as fast
as they can generate it, which is why nuclear has
to it has to be and I think that's why
that nuclear ETFs are are a nice way to go.
N l R u R A Diversa n l R

(01:01:21):
had a nice five percent jump on Thursday Friday gay
back about Wednesday. Friday gave back about half Thursday gay
back about half of that. Friday was off to the
races again. You know, one of the things we've been
using around the office here big time is docu signed.
We recently converted from a broker dealer to a registered

(01:01:43):
investment advisor, And in a nutshell, that means we went
from a firm that can do commission based business to
a firm that is fee only. We don't charge commission
on anything.

Speaker 2 (01:01:54):
We well feelly on that, but we are fee based
in the sense that we can do guys, what's your
multi year guarante heat annuities? And we can do life insurance.
So do you get commissions on that from the from
the insurance.

Speaker 1 (01:02:05):
The last time I said that, Todd corrected me.

Speaker 2 (01:02:07):
Yeah, so we're technically fee base, but all of our
business that we do under assets under management, the investing,
that's all fee. We're not charging commissions on stock trading,
which with the broker dealer we have the ability to,
but now we don't.

Speaker 1 (01:02:20):
And that conversion required all of our clients to sign
permission slips, essentially to move their account.

Speaker 2 (01:02:28):
Yeah. Docusigne was a life saver broker dealer side to
the especially because I mean over the last twenty five
years he had a lot of clients to leave Tucson. Yeah,
so it's kind of a pain to try and get
it to No, docus side is a lifesaver.

Speaker 1 (01:02:38):
It was a great company, really nice, and they came
out on Friday and reported a strong quarter, but the
billings were below expectations and guidance was disappointing. Stock dropped
seventeen percent. I'm thinking, not our fault.

Speaker 2 (01:02:53):
Definitely in my view, that's buy an opportunity eventually when
it settles down down there it's dropping seventeen percent.

Speaker 4 (01:02:59):
I agree, Well, you use you buy.

Speaker 2 (01:03:02):
I like to buy companies that I use.

Speaker 3 (01:03:03):
When I went to go and buy buy my car.
This last week, they had this huge table of doc
like a DOCU signed tablets, and essentially they do all
the paper account opening that we do, you know, all
the administrative stuff, do it all there on the tablet.
Didn't print out one sheet for me, put it on
flash drive for me.

Speaker 4 (01:03:19):
And said see you later.

Speaker 2 (01:03:21):
That was it. It was great.

Speaker 3 (01:03:22):
It was fantastic. I think more and more companies are
going to start.

Speaker 1 (01:03:26):
Giving you that long no, no, long piece of paper.

Speaker 3 (01:03:29):
No, they give me. They give me a flash drive.
And this had everything that I needed in there.

Speaker 1 (01:03:34):
So you put the flash drive in the glove compartment
when the cop pulled you over your day hay on.

Speaker 4 (01:03:40):
Insurance, No, it's not insurance.

Speaker 2 (01:03:41):
It's like I can't.

Speaker 1 (01:03:42):
But what's on the flash drive Just the terms, just
the agreement.

Speaker 3 (01:03:46):
Yeah, just all the administrator crap that they make you
sign when you buy a car. This it's the count
opening paper work that we have, the account transfer form,
the U O D D whatever, you know, it's the
stuff that the lawyers are trying to that may a
stew Yeah.

Speaker 2 (01:04:01):
But you got a company like Docusent that we use
almost on a daily basis. We like the company, we
think it's a good company. We believe in the company
because we use it so much. Drop seventeen percent, that
opens up a buying opportunity eventually. Obviously, I don't want
to buy it the day it drops seventeen percent because
it could drop lower from what we see, and when
they gap down like that, they tend to drop a

(01:04:22):
little lower. But it's the idea of buying companies that
you like. Like, that's what I always do with my
my accounts is when I got Amazon, Apple, I got Spotify.
Those are companies I buy for. Like, if you're looking
for long term investments, if you're having trouble figuring out
what to get into, how to invest it, look at
companies you use. Look at companies you like at first,
and then go look at their financials seeing if they're

(01:04:44):
a strong company, because then you're happier. I mean, you're
using it anyways, and you're happy that the stock's going
up over the long run.

Speaker 1 (01:04:50):
You bring up a really interesting point, Dylan. The Peter
Lynch was the manager of the Fidelity Magellan Fund, which
was the largest growth fund in the country thirty years ago,
and Peter's whole mantra was he doesn't buy anything that
doesn't buy stock in anything. He doesn't use Oh, he

(01:05:12):
go around his daughter starting to use something, or his
wife starting to use something, or he would you know,
someone in his office, So tell me about that, what's
going on there? And that was the way he invested. Yeah.

Speaker 2 (01:05:25):
I remember here in college he was one of my
investment teachers and he was an advisor on his own,
so he did teaching on like a couple of classes
a week, and he said he bought Twitter because his
kid was using it. And he was like, I don't
know what Twitter is. What's Twitter? And his kid's like, Oh,
it's awesome. Everybody's using It's the coolest thing ever. Blah
blah blah. And he starts looking into it and he's like, oh,
you know what, Yeah, I like this company. My kid

(01:05:47):
uses it. That means other kids are using it. I'm
buying some And he bought it. I think it like
twenty dollars share or something. And when we were talking
about it in college, he was like, forty five dollars
a share.

Speaker 1 (01:05:54):
Nice.

Speaker 2 (01:05:55):
So, but you're listening to what's going on on the outside,
not just numbers.

Speaker 1 (01:06:00):
That's a really really important point. And if you can
invest in something that you understand and know, you're typically
going to not only have a better experience, but it
might have some fun.

Speaker 2 (01:06:13):
Yeah, and that's the big thing too. You invest in
something you know and understand more just as a general company.
If it drops a bit, if the stock drops a
bit because of a bad quarter, you're not so scared.
You're not so mad because you're like, I like this
company still, I believe in it. If you buy a
company that you hate just because of good financials and
it drops, it'll bring up you're gonna get even more

(01:06:33):
mad that you bought it because I hate the company already.
Why do I want to even buy this stock?

Speaker 1 (01:06:37):
Blah blah blah.

Speaker 2 (01:06:37):
So you want to buy stuff that you like, that
you use, that you believe in for long term.

Speaker 1 (01:06:42):
We have United Healthcare. Many of us have United Healthcare
as our insurance company or a supplement or whatever. A
lot of people dealing with It's a major company in
this country. It's one of the thirty doustocks. Yeah, it's
down fifty percent in value. They got hammered and issually
by concern about Trump pulling back on payments. Then their

(01:07:05):
CEO resigned, Then the Justice Department threatened to lawsuit over
Medicare fraud. It just you couldn't have more things go wrong.

Speaker 3 (01:07:15):
I forgot about the Medicare front and I shouldn't.

Speaker 1 (01:07:17):
I say, you shouldn't have You couldn't have more things here,
there's all your more things can go.

Speaker 2 (01:07:21):
Look at Boeing, a lot of things going. Boweing was
two hundred and twenty five dollars a share. They had
two crashes within three months of each other. Then we
had COVID. Then they had other issues with the max
say where they had a grounded and they said it's
going to be six months and ended up being twenty
one months. That stock went down from two twenty five
to roughly ninety dollars a share. People at the time
were saying, there's no way it's going to get back
to the two hunters because it's just a crap company.

(01:07:42):
Now look at all the bad things that are happening.
At the end of the day, it's still Boeing. It's
still the biggest American plane manufacturer. You'd think that company's
not going to come back. If it doesn't, it's a shock.
Look at it now. It's over two hundred again.

Speaker 1 (01:07:55):
This company with company this country would have a hard
time operating without you Night Healthcare exactly.

Speaker 2 (01:08:01):
And that's something to think about it. If you're kind
of scared right now, thinking more things will happen, maybe
not buy right now, but if you're thinking about getting
into it, maybe by a little bit at a time
dollar cost average in But when we're talking about big
companies and stuff that you don't think is going to
go out of business anytime soon, United Healthcare would be
one of those.

Speaker 1 (01:08:17):
And Shitan and Key Bank on Monday said that the
selling has been overdone. Jim Kramer on CNBC said he's
starting to hear the worst is over and the Justice
Department has not filed any criminal charges. And the talk
is if they haven't done it by now, they may
not be going to do it.

Speaker 2 (01:08:38):
Odds are we look back in twenty thirty five years
from now at a huge buying opportunity for United Healthcare.
If you look back in history of different companies, big
companies in the US, Odds are it'll be higher, much
higher in five years because they fix all the problems
they had.

Speaker 1 (01:08:51):
Yeah, remember when, right.

Speaker 2 (01:08:53):
Yeah, it's kind of the odds are in favor of that. Obviously,
it might not happen. I'm not saying it's gonna happen,
but the odds are from looking back in history with
big companies that could happen.

Speaker 1 (01:09:03):
I had some some talking about the DraftKings, I need
your professional opinion doing down got it down eight percent
On Monday, both chambers of the Illinois State Legislature right
past the budget that included a twenty five cent per
wager tax on the first twenty million bets and then

(01:09:24):
fifty cents after that. You think that don't make any
difference at all?

Speaker 2 (01:09:28):
Twenty million bets on like Illinois.

Speaker 1 (01:09:30):
Sense per bet for the first twenty.

Speaker 2 (01:09:34):
Million just in general. Yeah, yeah, all the people you
made No, I was like, no, no one's ever going
to get over that. And then and then fifty cents.

Speaker 1 (01:09:41):
After that tax after it's above twenty million.

Speaker 2 (01:09:45):
Oh yeah, that's going to make a difference. People make
like five thousand bets a year sometimes because you make
little parlays, Yeah that are like five it's going to
make a difference.

Speaker 1 (01:09:52):
So you think it'll actually and of course it's dock drop.
Do you think it's going to make a difference in
their business? Will that be bad for business or or
do gamblers say it is what it is.

Speaker 2 (01:10:01):
It's coming So that twenty five cents is coming from
the gambler. Yeah, so they pay ten dollars for parlay.
It's ten dollars and twenty five cents, Right, that's what
you're saying. No, that's not gonna make a difference.

Speaker 1 (01:10:10):
Twenty five cents per bad.

Speaker 3 (01:10:11):
Wait, the Draft Kings is getting the revenue.

Speaker 1 (01:10:14):
Draft Kings or does that go straight to the state
of Villainois. Oh, I see they're collecting for the state
of Illinois.

Speaker 2 (01:10:20):
But then they'll go like, so the twenty five cents
will go like to a hypothetically to a Draft Kings
account right to Illinois state.

Speaker 3 (01:10:27):
Illinois streets are gonna get a lot nicer.

Speaker 2 (01:10:30):
Yeah, Draft Kings is like a middle man, but their
Draft Kings doesn't keep any of the twenty five cents.

Speaker 1 (01:10:34):
What a fantastic way for a state to generate some
real great and I see this.

Speaker 2 (01:10:40):
Whole country in all honestly, Like, if they did that
in Arizona, I would just sit there and be like,
oh man, that sucks, and just keep going on betting
on FanDuel on whatever. Yeah, it's not going to bother
people that much. If it does, then they weren't really
wanting to bet Anyways.

Speaker 1 (01:10:52):
What a wonderful thing for the state coffers. Yeah, that
was I thought it'd be coming to a theater near you,
doesn't it. That's a brilliant idea.

Speaker 2 (01:11:00):
The twenty five.

Speaker 3 (01:11:03):
It's a Pegovian tax, is what it is.

Speaker 2 (01:11:05):
Well, it's like when Colorado started taxing. They made marijuana
legal and they started taxing it and didn't even need
federal funding after it because they made so much money
from the taxes on weed. I just thought it was
a people are still gonna do it.

Speaker 1 (01:11:16):
People like gambling, thinking, I don't that's what they're gonna do.
You're not gonna stop it?

Speaker 3 (01:11:20):
Are you smart?

Speaker 1 (01:11:21):
You know, start gambling by just raising the amount of
you're taxing people on each bet.

Speaker 2 (01:11:26):
Because for a person, twenty five cents that much. But
when it adds up to five million people in Illinois gambling, yeah,
five thousand bets a year because you got little's going
to be five dollars parlays. People put twenty cent parlays
going on.

Speaker 1 (01:11:39):
But I didn't think it would affect the average game.

Speaker 2 (01:11:42):
You are recreational gambler.

Speaker 1 (01:11:45):
Yeah, anyway, we will be back right. I have to
break with the next two segments of The Money Matter Show.
Thanks again for joining this.

Speaker 3 (01:11:52):
Welcome back to The Money Matter Show. My name is
Sebastian Ball. Were seeing him here with David Sherwood and
Dylan Greenberg. Next week we have Apple on deck. Apple's
going to have their Worldwide Developers Conference, and I'm interested
to see how that's gonna come about, because last year,
if you guys remember, before this event, everybody was super
excited about the artificial intelligence that they were going to
start putting into their phones. I'm gonna start talking about
how they're gonna incorporate this, how they're gonna monetize it,

(01:12:15):
and then it's just been downhill since they.

Speaker 2 (01:12:17):
Just announced last week that their Serie AI intelligence they're
upgrade is going to be pushed till twenty twenty six.
As they're in the same sentence they were talking about
the terrofts with the twenty five percent for the iPhone,
so it seems like that's going to be delayed. I
bet next week that conference is going to be talking
a lot about the terrafts that they're going to incur
and how it's going to affect their business move forward totally.

(01:12:38):
So I don't think it's gonna be too good a news.

Speaker 3 (01:12:39):
No, I don't think so either, unless they come out
with something out of the back pocket. And this is
how we're gonna utilize AI in a way more efficentured
manner for our phones.

Speaker 1 (01:12:48):
Tim Cook has so much on his plate. I don't know, honestly,
I don't know how you get up in the morning
and go to work. I just what and what do
you focus on? And I know he's he's not the
one in the trench doing it. I get that he's
like an overseer, But how do you focus on what
you need to focus.

Speaker 4 (01:13:07):
On making a productive efficiency?

Speaker 1 (01:13:10):
About what we should focus on now, I've always thought
that being the CEO of a technology company has to
be one of the hardest jobs in the world. Trying
to stay cutting its trying to stay on top of
things in a world is that fast moving crazy. Hey,
did you see about the commercial real estate? We all
know the pandemic change the market dramatically, right, people didn't

(01:13:33):
come in they could work from home. A lot of
that's still going on, although some have been called back.
There are certain industry My daughter and her husband both
work from home still, and he's a corporate recruiter and
she's a corporate recruiter, and he's an entrepreneur. Essentially, his
job is making sure that his business's Amazon presence is correct.

(01:13:58):
They sell out on Amazon. It's really kind of stay
around home and watch it. For the first time in
over twenty five years, Sebastian, more office space is being
removed through demovision and conversion, then it's being added this year.

Speaker 3 (01:14:14):
I couldn't believe that for the first time in twenty
five years.

Speaker 2 (01:14:18):
That is leading Do you have it on?

Speaker 4 (01:14:21):
That'stat San Francisco.

Speaker 2 (01:14:23):
I was gonna say the city. Yeah, I was gonna say.
I was gonna say San Francisco leading charge you think
because a lot of people still live there. Because texts
moving out of San Francisco, they're going to Austin, and
no one's really moving out of New York in that sense.

Speaker 3 (01:14:35):
But does it say what it's being reconfigured to? What's that?

Speaker 1 (01:14:38):
I thought about that the article didn't talk about what
it's been because it's a variety of things.

Speaker 2 (01:14:42):
Probably, Yeah, like you're saying demolished or I would think
like if it is New York apartment buildings.

Speaker 1 (01:14:49):
Apartment buildings would be a good a good Yeah, it's
a good.

Speaker 3 (01:14:52):
Guest storage boxes.

Speaker 1 (01:14:54):
But I thought it was interesting, you know that there
was a period back in the late nineties early two
thousands where more golf courses were being closed and opened.
Oh that was interesting.

Speaker 2 (01:15:06):
Yeah, that's definitely not happened anymore.

Speaker 1 (01:15:08):
So that's that's stabilized now. But it went on for
five consecutive years. More were closed than were opened, which
is which is interesting. I had a client concerned about
US debt. You know, we heard a couple of weeks
ago that Moody's downgraded US debt A two or whatever.

(01:15:28):
They have seven different levels of A. I went from
level one to level two, and these clients were asking
me if their money was safe as treasures all in
treasures percent and is it safe and how much it
was held by China? What if China decided to call
in all of our debt. Well, the good news is

(01:15:49):
seventy five percent of US debt is held by investors
in the United States, including the Federal Reserve, inter governmental agencies,
government trust fun private investors, mutual funds, pension plans, insurance companies,
blah blah blah.

Speaker 3 (01:16:06):
Seventy five percent.

Speaker 1 (01:16:07):
State and federal governments have a bunch, you know, you
know where five percent of it is Warren Buffett, Are
you serious, federal dead?

Speaker 2 (01:16:17):
Oh my god, that's an awesome set of the treasure.
That is so much, it's huge.

Speaker 1 (01:16:24):
The biggest country is Japan with three percent.

Speaker 2 (01:16:28):
He has more than all countries. Yeah, I did not
know more than China.

Speaker 4 (01:16:33):
What are bragging?

Speaker 1 (01:16:34):
Right?

Speaker 2 (01:16:34):
That is that's that incredible amazing, It's absolutely right. That
is wild.

Speaker 1 (01:16:38):
That's why.

Speaker 2 (01:16:38):
And then China has well like two percent.

Speaker 1 (01:16:40):
Yeah, China and England two point two percent. So China, England,
and Japan could all call there as long as it
war Buffett doesn't.

Speaker 3 (01:16:47):
There was your fun fact of the day. Trying school.

Speaker 2 (01:16:50):
China was trying that back guy in April with the
terrorists when it was all first there. They were trying
to sell off treasuries to hurt the rates, to make
them go higher. But it really didn't do too much
because they only have two percent.

Speaker 1 (01:17:00):
They just don't have enough. Yeah, there was a time
when they had eight that was a little bit more significant.

Speaker 2 (01:17:05):
Yeah, glad the terras weren't there more, not anymore.

Speaker 1 (01:17:08):
I see that that Bank of America finally upgraded Boeing
to a buy. They had to hold this whole time.
They said the roadmap to to fruition for Boying planes
remains a favorable tool that it really has become. And
I give Jim Kramer credit for this. About three months
ago or two months ago, he said, if you want

(01:17:30):
a company is going to benefit from these trade talks
bo he said, because you can't level the plane field
much quicker than by saying, Okay, I'll buy five planes, right,
I mean, if you're so, That's that's part of what's
caused Boing to be strong of late. I got one

(01:17:53):
go ahead.

Speaker 3 (01:17:53):
GLP one st just talk about that a little bit.
No votes had a great last month. It's up eight percent,
I think eight percent from last week. Actually it's gotten
most of that run last week. Hims and Hers Health,
I don't know if you remember, but we talked talked
a little bit about this about it on the show.
They had signed a deal to start selling Novo Nordisk's
drug ozempic on their platform. This week, Hyms and Hurst Health,

(01:18:17):
they didn't have a great week, but they went down
about four percent. On Tuesday, the telehealth platform announced its
acquisition of European counterparts Zava. This deal is going to
boost Hyms and Hers Health's active customer in base by
about fifty percent than what they already have. So I'm
I'm thinking, why is Novo catching a bid here? Maybe
it's because they're going to have such a bigger clientele

(01:18:40):
through Hymns and Hers.

Speaker 1 (01:18:41):
An amazing move for Himpton Hers. What a year they
have had. Back in February, though, when the FDA said
they could no longer make the weight loss drug, the
Regovi and the Zepp bound dropped sixty per figured out,
I don't go out of business now. But then WELLGOVI
or a novel came back and said, hey, we need

(01:19:01):
some help. We want to license with you. That's crazy.
Stock added ten percent on Tuesday on that news about
the acquisition that you just said. That was good for
a ten percent Pope. The whole GLP one space is
so interesting and so ever changing and so mysterious in

(01:19:28):
terms of the types of the amount of demand you
have and whether or not Lily's dropped from one thousand
to seven hundred and fifty because there isn't much demand
for it, or it's such an interesting space and a
lot going on.

Speaker 4 (01:19:43):
Fun It's been a fun one follow looking.

Speaker 1 (01:19:46):
At Modourna ninety four percent below the pandemic high, down
forty percent this year higher on Monday, after the FDA
approved its next generation COVID vaccine.

Speaker 3 (01:19:56):
NOVO has been a lot more fun of follow than
COVID vaccines.

Speaker 1 (01:20:00):
I mean, give me. They've approved the next level COVID
vaccine for adults sixty five and older. The vaccine is
also approved for individuals ages twelve to sixty four with
at least one underlying risk factor. So if you're sixty
five or over, you can get it, no question to ask.
If you're twelve to sixty four, you've got to have

(01:20:21):
an underlying risk factor. And I just I'm I was
one of one of those that was in line at
the u of A to get my COVID vaccine in
March of twenty one, and the second one happy to
have it, very happy to have it, very relieved to
have it. I don't know who's going to get this,
I mean, gosh, it just seems like COVID has left

(01:20:44):
the house.

Speaker 3 (01:20:45):
I agree.

Speaker 1 (01:20:46):
And if you if you're getting COVID now and some
are still getting COVID, they're mild cases. We've we've been
exposed to the virus to the point where our bodies
have created an immunity to the virus. So I just
I'm I'm with that. Said. I went for my annual
physical last week and the doctor said, everything's good, except

(01:21:08):
I see you haven't gotten your RSV vaccine. I said,
this is some kind of COVID thing. I mean, you
made up this, right, this RSV. I never heard of
it until three years ago. Now you made it up
because you came up with a vaccine that'll treat something
let's let's call it RSV.

Speaker 4 (01:21:25):
And puts more money in our pockets.

Speaker 1 (01:21:27):
Yeah. So I was very skeptical, and he goes, oh no,
he said, I've got a lot of patients your age
who are going to the hospital with RSV. And I said, really,
I only got my RSV vaccinating reluctantly reluctantly, but apparently
people of a certain age need to have that that RSV.

(01:21:47):
Speaking of medical Uh, did you see where Parodramics that's
a startup, as privately held startup on Monday announced they've
implanted their brain computer interface in a human for the
first time. This is this is going to be huge.
Musk is involved in this too with his company. This
is going to be huge. I think in the perfect world,

(01:22:08):
we're going to get to a point where they're able
to plant these devices, implant these devices into a human
brain that will allow people to function, to have muscle
functions that's long dead. Are going to huh yeah, you know,
to be able to walk and to be able to uh,

(01:22:31):
motor skills, different kinds of issues that people have. This
could be And it's just almost impossible. And I when
I first heard about it, it must be involved, and
I thought, are you are you kidding me? Really? It's
almost like when Steve Jobs stood up there with the iPhone,
you know, the first iPhone, and said what he's going
to do? And and I'm sitting there going, what are
you created? At the phone? You know, you answer called

(01:22:52):
what are you talking about?

Speaker 6 (01:22:53):
What's that company called Pair of Paradramics pards para Dramas
And I can't think of what Muska company is called neuralink, neuralink,
thank you, thank you.

Speaker 1 (01:23:05):
Yeah, he had neurotech. Neurotech, right, industry, neurotech gives the industry.

Speaker 4 (01:23:13):
It's interesting industry.

Speaker 1 (01:23:14):
You need if you had a ETF in that space,
because somebody, somebody in that space hit a home run, right.

Speaker 3 (01:23:21):
I had an interesting thing. You remember when we were
talking about Warren Buffett buying that Serious XM. Yeah, so
I'm looking at this ETF called you are a which
is kind of like a no, I'm sorry. UFO is
what the ETF was called, right, It's space Exploration ETF. YadA, YadA, YadA,
one of the biggest holdings Serious XM. Why because of
the satellites? Is Warren Buffett sinks or was he seeing

(01:23:44):
something that this company is going to do with space
exploration in the future. Maybe that's why he was buying it.
Maybe he isn't you know, just super old and buying
a outdated company.

Speaker 1 (01:23:54):
I think it would be similar to watching someone lay
dead and waiting for them to rise. I think it's
kind of that's where you are. We sure you.

Speaker 3 (01:24:05):
I'm not saying to buy it.

Speaker 1 (01:24:07):
I'm just FAC has been dead for so long that
it's it almost starting to smell again.

Speaker 3 (01:24:12):
Just looking at the ETF and thought got me thinking,
maybe that's why I buy.

Speaker 2 (01:24:16):
Go warn By Welcome back to the final segment of
this Money Matter Show. Thanks for tuning in and listening.
For those of you that always tune in, we are
bread and Butter is Financial planning, and those of you
that I known know what we do here. We're doing
financial planning. We do the investments. We are the money managers.
But the first way it starts is financial planning. We
get you in for the first meeting where we go

(01:24:37):
through the whole financial planning program from scratch. We go
over your expenses, your goals. We try and build this
plan to be your ideal idea for retirement. What do
you want Do you want to retire fifty five, do
you want to retire at sixty five? Do you want
to retire tomorrow? How much money do you want to
spend in retirement? How much traveling do you want to
do in some retirement. Do you want to buy a
new car, new camp, or new house in the mountains,

(01:25:00):
anything like that. Any goal you've been thinking about, or
idea that you've been thinking about that you want to
do during retirement or leading up to retirement, we put
into the plan and then we show you the confidence
of it. We show you will your ideal retirement work
out or will you run out of money? If you
run out of money, then we've got to make a
few adjustments. But a lot of the time the people
they've done more. They've done better than they think. More

(01:25:23):
often it's more confident than they thought. A lot of
time they're scared to come in because they don't want
to see the reality of what could be for retirement.
Do they have to work longer, do they have to
save more? Cut spending now? But for the most part,
I would say we see clients they're better off than
they believe, and which is a good thing. Which they've
done the right things throughout their career to save up

(01:25:44):
and get ready for the life that they want to live.
But it's a very dynamic plan. It's easy to change,
easy to update. We do it free of charge. We
do it just we worth current clients. We want to
do it at least once a year because things change,
especially if you're younger, you have a lot of things changing,
so we want to get it updated. We want to
make sure that you're still on track to retire how
you want. If you're already retired, then we want to

(01:26:07):
be able to work with you. We have different models
where we have we can produce income. We have different
avenues we can take, whether it's annuity, if you need
guaranteed income to bridge a gap between retirement expenses and
your income coming in through social security pensions, anything like that.
We have the ability to do anything. We have the
ability to customize your financial plan, so we can really

(01:26:29):
just help you how you need. We're not here to
sell one product. We're not here to make you become
a client. We're here to help you. We're here to
educate you. And that's why we send you that financial
plan free of charge after we meet, and then the
second meeting is our advice, our ideas on how we
would manage the money. What if you do need, say
an annuity, maybe you want more conservative if you go

(01:26:50):
with the Amiga, maybe you need life insurance or something
like that. We don't know. We got to meet and
talk first, but that's what the second meeting is all about.
We talk about how we would do things and show
you the plan from our perspective, and then from there
it's up to you. We either do business or you
go on your way and we talk later.

Speaker 3 (01:27:06):
Even the people that come in for the financial plan
and come in below our confidence expectation or what we liked,
we like to see them over eighty five percent probability
of success on the financial plan when we run that
Monte Carlo simulation. Even the people that leave and as they
came in, let's say out a seventy nine or maybe
a sixty five, And it's common, especially if you're younger

(01:27:26):
and you haven't accumulated those assets yet, it's common to
see a low number. Even those people that leave the
financial planning session, they feel a lot better than they
did before when they walked in. Why because of the
visual visualization aspect of the software. It's pretty neat, it's
very dynamic. It's hey, actually, can you see what that
probability is if I decide to retire two years earlier? Actually,

(01:27:50):
what if I spend another twenty thousand dollars on that
truck instead of sixty thousand dollars, I'd do eighty thousand dollars.
Is that going to affect my probability?

Speaker 1 (01:27:57):
Oh?

Speaker 3 (01:27:57):
It drops it three percent? Here, okay, take that trade off, right,
And it's about it's about those talking points that come
about during that meeting, just to see engage where you're
at as an investor, where you're at in your financial life.

Speaker 1 (01:28:13):
Said here a few of them. I think one of
the things that struck me is that the things that
come up that have never even been thought about totally,
you know, where a couple has never really even thought
about that. Oh my god.

Speaker 2 (01:28:24):
The biggest one is reoccurring expenses. You're monthly expenses. That
is the hardest one for anybody to come in And
besides maybe one percent of people because they always underestimate
it too, always underestimated, even if you're keeping track of it,
you spend more than you think. Trust us, we know
we audit ourselves each month. After May, Todd and I
sit here, we go through all of our expenses and

(01:28:45):
we just look at each other and say, well, we
did it again. You spend a little more than you think.
You always do. It's inevitable, especially if you're active and
you do things, which a lot of our clients are.
So you got to overestimate yourself a little bit. Be
hard on yourself when it comes to expenses because you're
gonna spend what we want. You'd rather have a realistic
picture than say, I only spend two thousand dollars a month.

(01:29:05):
In reality, you're spending four thousand dollars a month. It's
a big difference. That against your plan. If you keep
running out of being honest with yourself, If.

Speaker 3 (01:29:12):
You keep running out of deficit. You'll end up like
the United States of America. And that's not something that
you want here.

Speaker 1 (01:29:17):
And you don't have a printing press.

Speaker 3 (01:29:18):
You do not have a printing press. You cannot print
your own dollars. The Federal Reserve can.

Speaker 1 (01:29:23):
Speaking of the Federal Reserve, they're lifting their one point
nine to five trillion dollar asset cap that they imposed
on Wells Fargo in twenty eighteen for being bad boy
and girls.

Speaker 3 (01:29:35):
I think they're increasing it too well.

Speaker 1 (01:29:37):
They had the misdeeds and some cross selling scandals. They
were opening up accounts, fictitious accounts for people. In twenty ten,
they were they behave badly. Wells Fargo generally as a
company behave badly, and the Better Reserve puts this cap
on them. The cap has limited the bank's growth for
years because it's so limited in some of the creative

(01:30:00):
things they could do. But they took that off on
Friday and the stock had a nice little rally. Several
firms upgraded the stock. Now another one that that Sebastian
you and I have watched and played with over the
year that I think you know what I'm talking about. Lemon. Yeah,
it's like a hit job thirty three percent in the

(01:30:20):
last twelve months, but gave up half that gain on
Friday after reporting a disappointing quarter, slashing in the restaurant
for the remainder of the year. And I thought, the
thing that came into my mind is, if you've been
waiting for a sale.

Speaker 3 (01:30:33):
Yeah, there you go, Lulu has this hand.

Speaker 4 (01:30:35):
That's exactly what I was thinking.

Speaker 3 (01:30:36):
And especially when they had that initial thirty percent popoffs
for their lows, I thought that that was too fast.
I got out of that position myself because of that,
and I've kind of been, you know, watching for an
opening in that position, but it hasn't given you one.
Here it is finally right. It's a good company. It's
still a good trending company, and people of our age
still use it.

Speaker 2 (01:30:55):
Like we were talking about, if you like the company,
believe in the company, you like buying Lulu Lemon, it's
a time to buy for it. Got the opportunity, which
doesn't come very often with that company.

Speaker 3 (01:31:03):
Yeah, and let the dust suttle. It doesn't mean you've
got to go buy it on Monday. It just drop
twenty percent. Let the dust subtle, and if you don't
s let the dust subtle. Don't put your entire position
into it right now. Dollar cost averaging.

Speaker 1 (01:31:13):
Totally not if you have none and you want to
have one hundred shares by twenty five. Yeah, you know, right,
by twenty five shares. Just get your feet away and
you go there. Uh. Thor Industries, you've seen those out
on the freeway, right thho r Yeah, RV maker lost
fifty percent of its value from the pandemic. Remember back

(01:31:34):
in the pandemic, we were all going to be living
in r vs for the red of our life. Yeah,
well that didn't work out. Up about nine percent on
Wednesday after posting a excuse me one second, not good
at that excuse me pardon, but as.

Speaker 2 (01:31:50):
A real popular off remember to turn.

Speaker 1 (01:31:53):
The phone off anyway. They were up about nine percent
on Wednesday after posting a stronger than expect earnings for
the fiscal third quarter and reaffirming their guidance. Win A
Bago related down thirty percent this year, another five percent
law on Thursday after its third quarter guidance fell short.
So Thor Industries is doing something right. And win A

(01:32:16):
baging out so much. Now I'm not an RV person,
but isn't Thor Industries more containers like where you to
put your motorcycle and stuff in the Winnebago more where
you live. I don't know anyway, Thor Industries is doing
pretty well. Winn A Baging not so much.

Speaker 3 (01:32:35):
Good a pet Co Health. They dropped about twenty two
percent this last earnings.

Speaker 1 (01:32:40):
Fight having the best symbol ticker symbol on Wall Street
wolf wo pretty darn good symbol for a pet company, right.

Speaker 3 (01:32:50):
Yeah, that's pretty good. But yeah, they're going to be
affected by the terriffs. I think that's ultimately what that
why they dropped. They didn't they lowered their expectations. If
you're looking in that space, maybe you try to find
something that's here domestically based. I'm pretty sure that Chewi is.

Speaker 1 (01:33:06):
I think that. I think Petco is trying to stay
in business honestly.

Speaker 4 (01:33:10):
Well they should.

Speaker 1 (01:33:11):
I mean, it seems like it seems like they're struggling
to stay in business, struggling.

Speaker 2 (01:33:17):
I feel like they're the exact same as PetSmart, two
similar companies.

Speaker 1 (01:33:21):
Similar.

Speaker 2 (01:33:22):
Yeah, it's kind of like.

Speaker 1 (01:33:22):
We got Chewi doing the online thing, and you got
all kinds of storage, Target and Walgreens and all these
selling all kind of pest siflies. Yeah, it just seems
like a competitive, competitive space. But I noticed that too,
So I know Scott's Miracle grow down ten percent for
the year, but they regained that loss at the open

(01:33:43):
on Thursday after they report reiterated their full year guidance.

Speaker 3 (01:33:47):
So imagine being invested in that. I'm sorry, it just
sounds like such a boring.

Speaker 1 (01:33:51):
Let Scott's Miracle grow. Yeah, like it says miracle grow.
How can something that says miracle grow be boring?

Speaker 3 (01:34:00):
Okay, miracle.

Speaker 4 (01:34:03):
Right, it's just fertilizer.

Speaker 2 (01:34:04):
The miracle people need fertilized. Just because you live in
two song, we can only have turf. I mean, it's
not a good thing.

Speaker 4 (01:34:10):
I get it. I get it.

Speaker 1 (01:34:11):
We don't need it.

Speaker 3 (01:34:12):
The farmers need it, and I understand it.

Speaker 1 (01:34:14):
I saw the parent of dk N y G three
Apparel down fifteen percent on the year, lost another fifteen
percent on Friday after the issued much weaker than expected guidance.
Again talking about tariffs, that tariffs are the first thing
you can go to and when your company struggle a
little bit. Right now, five below the bunch of retailer

(01:34:36):
that they had problem PVH, which is the parent of
Calvin Klein. They've come out and said Lands and another one.
All of these companies are concerned about Tariff's concerned about
what that's going to do to their their bottom line
and how that might impact their stock price. And I
get that, I mean, I get that. It's an environment

(01:34:59):
where I, as the CEO of any company that has
any kind of international dealing whatsoever, it's got to be
so challenging to try to come up with a business
plan for the next twelve months when every Monday, here's
another shot, you know, and I expect this coming Monday

(01:35:19):
day tomorrow, Trump will have some other shot.

Speaker 4 (01:35:22):
It'll take something will come back.

Speaker 1 (01:35:24):
The market's gotten pretty accustomed to them. And when they
took that shot on last Monday about the fifty percent
stealing aluminum, serruffs down one percent on the SMP but
closed up. So it's kind of gotten to the point
where we've as investors, we've gotten accustomed to these shoot
from the hip things and then negotiate later, like impounding

(01:35:47):
your social security, you know, and never mind noise anyway,
that's the end of our show. We appreciate you taking
time to listen to us. We all want to be
happy and we all want to be healthy. At the
end of the day at Greenberg Financial, well, we're really
trying to be is profitable. See you next week.

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