Wall Street on Edge: Nvidia, AI, and the Future of Your Money

Episode Transcript
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Speaker 1 (00:00):
Good morning. Everybody's that time again, Sunday morning, eight o'clock
right here, seven ninety kNs T. This is Dean Greenberg
and this is the Money Matter Show. And we do
appreciate from the bottom of our hearts that you listen
every single week for thirty five years. I've been seeing
people that come into our office that said, I've been
listening for twenty years. Twenty five years. I even had

(00:21):
one that said thirty years. That's pretty cool when you
realize that you are able to help people for that
period of time, that you're able to give back to
this community, that you're able to do the things that
you love to do, and people appreciate it, and all
all it does is make me want to do it
more and keep going and everything. Hopefully, hopefully you've taken

(00:43):
some of the advice, because some of the advice has
been better than others. It's been good, not at all.
Sometimes it's wrong, but a lot of times it's been
pretty darn good. All right, So what do we got
this week? We're down. We're down, not a lot, like
two percent point one percent.

Speaker 2 (01:01):
That's it.

Speaker 1 (01:03):
And at the end of the day, we can handle
a little bit of a pullback were coming into September.
We've been talking about this for a while. We're still
up for the month. We did a good job doing that,
We're still up for the year. I want to be
surprised to see a little bit of a pullback in September,
and then after September. I think we're going to have
a nice little rally. Why because I do think that

(01:25):
the Federal Reserve is going to get on board and
lower interest rates. Whether you think it's the right thing
to do, with him firing FED, shair of FED people
putting pressure on Powell. I want to give you a
different side of this, okay, And I guess this is

(01:47):
maybe how I always look at it compared to others
for years now. For years, have you been listening to me.
I said, we're going to be in trouble if we
don't do something with our debt. We need to run
the government efficiently. We need to run the government like

(02:10):
it's a business. And I've had so much pushback for
probably fifteen twenty five years, people saying to me, well,
the government is not a business. You don't need to
run it for the business. We need to protect people.
We've got to have something I said, yes, but you
need money to do that, and you cannot keep taxing
the heck out of people to keep being able to

(02:31):
pay for everything that our politicians want without having some
type of ramifications down the road. We need defence number one.
We need to help during you know, anything, that are
disasters on our shores. We need to be able to

(02:53):
take care of the people that are disabled that need
our help. We need to take care of the poor.
But we've done it in such a bad way so
so many years. You know, people talk about helping the homeless. Well,
the hopeless need to be able to help them sells.
Sometimes you can give money all day long, but when

(03:15):
people have the mentality of you know, I just like
the simple life. I get enough money from the government.
I don't need to do anything, and I just wake
up every day and do whatever. And the bad ones
obviously drink and take drugs and eliminate themselves from what
real life is all about. We need to change that.

(03:36):
We need to change the way people think and help
those that really need the help. We have a very
bad mental health problem. We have to approach it totally
different than we do. There are good things happening someplaces
Gospel Rescue Mission is probably one of the coolest ideas

(03:56):
I've seen, and it's right here, right here Tucson and'm
Bert the Lopez who owned the holiday and turned it
into a homeless shelter, not just to give them places
to eat and live, but to actually get them back
on their feet, get off drugs, alcohol, make them feel

(04:19):
like a human being, find them jobs, train them, be
able to put them out in the real world so
where they have self worth. Again. An incredible thing he
did there, incredible and I think it's becoming known and
other places in the country are starting to look at it.
And that's what we need. We need those in the

(04:40):
big cities. We don't need people saying it's okay for
everyone to be homeless and have these tense cities and
and and and be these cities that just okay with crime,
okay with stealing and robbing. I don't care how big
a city are. You don't need that. What we need
to do is take different approach and help the people

(05:02):
go forward. So you know, so you have this government
and they don't want it to be like a business,
But where's the money going to come from? That's the
thing I always ask people, and where we are sitting
now at the situation of thirty six thirty seven trillion
dollars in debt. It's honest, it's not It's undustainable to

(05:24):
keep going the way we are period. It costs US
trillions of dollars just to pay the interest and we
don't go anywhere and keep going forward. We need to
stop spending and eyveryone. Oh, you can't stop spending. You're
taking away Medica, you're taking away this. They're not even
started taking away doing that yet. What they have done
is taken away from the people that don't deserve it.

(05:46):
If you're not a US citizen, if you're not an American,
if you are an illegal immigrant, you do not deserve
to get our tax payer money to survive. Do it legally,
and yes, you are able to use our tax payer
money to survive, But nobody should be on Medicaid, Medicare,

(06:10):
social Security that is an illegal immigrant in our country, period.
So you start there. Now, You've got to get disabled
body people that are acting like they're disabled back to work.
I agree, I you know what, And a lot of
my friends on the other side agree one hundred percent

(06:32):
with this, So I don't know why we have arguments.
I don't know why politicians are on both sides of this.
These are actual subjects that everybody can get behind and
push and that will help us reduce the debt and
everything else we're doing. What do I think we need
better education system? One hundred percent. We need to change

(06:54):
the education system basically from junior high up. We need
to stop indoctrinating people that come in and it's more
of a political idolization in high schools and colleges and
even in grade schools, and turn it into learning subjects,

(07:14):
not just for the few, but for the all of them.
There's no reason that we have to go to math
and learn all this stuff other than the basics and
then learn how to use calculators. Not everybody needs to
know calculus. Not everybody needs to know all the other
things that go into it that till you be part
of other subjects. Most people that take those classes fail.

(07:41):
They don't learn it, they don't want to learn it,
they don't have the capacity to learn it. We have
a whole new thing coming up. Why don't we starting
teaching people about financial literacy? And why aren't we talking
to people about where technology is going make it interesting
for them. Use technology, use AI, use these things to
help people. Kids still have to write papers, right, Probably

(08:07):
eighty percent of them use chat, GPT, change a few words,
put it through. Here's my thing. But they don't know anything.
But you know what would be cool. That's fine. Get
whatever sources you get, put it together. But you better
learn what you're putting on the paper because you're going
to have to get up in front of class and
actually discuss what you put down. That's how you use AI,

(08:32):
That's how you use chat GPT, that's how you use it.
Make it part of an interactive way to go through school.
I hope whoever becomes governor again changes our education system.
That is the number one thing we need to change.

(08:53):
The borders are shut, we don't need to worry about that.
What we need to do is worry about policies that
stunt our growth. We need to worry about people that
don't want to work. We need to worry about our
education system and take care of those that really need it.
That's what we need to do. But on the bigger level,

(09:17):
our debt is out of control that we need to stop.
Why has anyone looked at what's going on in France.
They're having a whole bunch of protests in France again,
which you know, is a socialistic society, which means they
love having all their time off their lifestyles. They love

(09:38):
being able to retire early and get their big pensions.
They love their being able to do that. But you
know what, this is not the first time. It's not
the first country. Now they're fighting it because they're in
there saying, we can't afford this anymore. We've got to
cut back on these benefits. And nobody wants to cut back. Well,
who's going to pay for it? Vergic collapse, changing governments

(10:03):
over you can't do it. And if you don't want
to be the France, the Spain, the Greases of the world,
we can't do it. No one's going to beat us
militarily and put us into the ground. What they are
trying to do is beat us economically, which they were
doing very well over the last four years, to put

(10:25):
us into the ground. Take whatever they could from us,
want more from us, under the the the umbrella of
we have to be a global country. We have to
go ahead and help all these other nations. Do you
think any of these other nations give it. Damn about America.
If we went down, no, they would flock to or

(10:46):
whoever was able to give them what they needed. That
is why I am all pro economy, and that comes first.
I don't want to see us in going on debt,
and I think the Republicans are just as bad as
the Democrats. We need to stop. We need to get

(11:06):
our economy growing, which it is. People start keep saying, well,
Trump is doing a horrible job. Economy isn't good. I disagree.
A price is too high, Yes, they are too high.
They keep talking about this inflation now because Trump's in,
But when Biden was in, what they kept saying it's transitory.

(11:28):
For over a year and a half we heard that
inflation was transitory, and now they're because they don't want
to lower interest rates. They want to say it's just
lurking around the corner. These tariffs are going to make
prices go through the sky. Well, let me tell you something.
Earnings have been pretty don good on corporations. They've been
beating earnings, So that means people are buying. If people

(11:56):
didn't have money, if the inflation was hurting people too much,
they not be buying. And that means that prices would
be coming down. We're not in that scenario. People are
making more money, which means they still have money to spend.
Now you can go ahead and give me the argument, well,
that's just the people with money. Well that's the way

(12:18):
it's always going to be okay until the people at
the bottom in our society start having the opportunities and
taking advantage of the opportunities to go to school to
become educated. And I'm not saying colleges, trade schools. Go

(12:42):
to trade schools. Go find something that you can do
to help make more money other than being in a
fast food joint. Fast food locations are for younger adults
that need to have flexibility in their schedules. It's not
for the person to start at eighteen, nineteen, twenty years

(13:04):
old and at forty years old is still working behind
the counters. Maybe they become a manager, that's fantastic. But
if they were that good and imagine they were doing
something else where, they would be Our country is about underachievers.
There are so many people underachievers, and it's okay to
be underachievers in the eyes of many. I was told

(13:28):
a story the other day with the person that's trying
to build their business, and it really kind of opened
my mind to what it's all about. And in high
school he said that he got all a's, but one

(13:48):
of his teachers told them, that's great, you got a's,
but you were underachieved. He did not understand that. He
didn't understand the teachers saying to him, hey, you might
be getting all a's, but you can do more than that.
And today now it's resonating with him and doesn't want

(14:10):
to be that underachiever, doesn't want to be that person
that's just okay with a's. What is he going to
do to make his mark? And it's not all about money,
But if you want to do certain things when you retire,
and you have a certain journey to get there, you
got to go to a certain level. To me, being rich,

(14:34):
it's about being able to pay your bills and have
some money left over. It's about being able to have
a family and pay for their educations and have family
vacations and have food on the table without being stressed out.
It's about being able to plan for retirement and doing
the things that you dream about within the basis you can.

(14:55):
If you're making a hundred grand, you're at one other
different level than someone that's making a million dollars or
or three hundred thousand. But living within that and not
having the stress, to me, is being rich going on
family vacations and doing things at whatever level you can
do it. I don't care if it's camping and and
and bring in your own food and beer and wine

(15:18):
and sitting there and eating crackers and cheese, that's great
because you're doing it as a family. Those memories are rich.
Getting to the point your retirement, and believe me, we
see through financial plans all the time. That's our job
is to get you to the point and tell you
how much you can actually spend to do to live

(15:38):
your life stress free. That's what we do. We do
financial planning to make your life stress flate free. Now,
if you've done no planning and you're forty forty five
years old and you become sixty, you have a different
type of plan. But man, if you start at thirty
five forty forty five years old and you start planning

(16:01):
and you're living within your means and doing the things
you need to do, you'll be very satisfied when you're
sixty sixty five years old. We lieve that stress parents
very important role in life, very important role in life.

(16:22):
We should always try to do everything we can do
have our children be more successful than us. That then
brings a mentality to our country that we're all trying
to do better in our lives. Learning how to be

(16:43):
fiscally responsible is one of them. Because the government is
not physically responsible. Because our education system doesn't teach about
fiscal responsibility, we're in a position that nobody understands why
the government or why country have to cut back at
certain times. Call not being able to pay your bills.

(17:05):
You can't pay your bills, you end up going bankrupt.
It could happen on the same thing as a country.
That's the last thing we need to happen to us.
We cannot continue to increase our debt unless we increase
our economy or GDP has to grow gross domestic product.
We have less of a population, we have more money,

(17:29):
so we keep spending. So everyone says that the government
that the economy is not doing well. Then you tell
me why these corporations are doing so well. Everyone's telling
me that prices are too high and people can't afford.
Then why these corporations doing so well, you might be
one of these people that say, well, corporations should even
be doing well, they should be giving back. They do.

(17:50):
They give you jobs, and if you work for that
company and you're buying into the stock plan, the stock's
going up. They're giving you wealth, they match your four
to one K plan. They're giving you well health, They're
giving your head you can, they're giving your education if
you want it. A lot of companies pay for that.
They're given you health care. It's up to you what

(18:13):
you want to do with it. I'm so tired of
listening to people talk about give me, give me, give me.
Those that really need we will give to, and we
should give to. But those that don't just want to work,
don't want to do the things that they need to do,

(18:35):
have decided to have too many children that they can't afford.
They need to buckle up, change your attitudes and start
doing what we need. We know what's going on, we
see what's going on. We want to be safe. It

(18:57):
blows my mind. Blows my mind that we can shut
down the boarder is when everyone said we couldn't go
ahead and stop illegal immigration within a couple of months.
Why because we brought in people that were able to
do their job and stop it happening and wanted to

(19:18):
happen to happen. How can people live in cities that
they're so afraid to go outside the murder rates, the
crime rates, the stealing, the shoplifting, everything else that goes
on that corporations pull out of cities because there's nothing

(19:38):
done about law and orner. And now we go into them,
we shut it down. The law and the desk go down,
the crime goes down. What is wrong with that? Is
it just that you hate Trump so much that you
have to say whatever he does is wrong, and you'll
target take it to the people that say, well, he's
an authoritatium, he's taking away democracy, he's in control, he's this,

(20:04):
he's that, he's everything else. Maybe it's the way it's
gotta be right now. I don't get it. I don't
understand why people would rather have a city that's not safe.

Speaker 2 (20:16):
I just don't now.

Speaker 1 (20:20):
Or there's some things that go a little too far
the pendulum. One way, of course they do. But it
once so far right, we got to bring it back
the other way. Well, I once too far left. We
got to bring it back a little right and then
maybe we're gonna end up in the middle. And how
do you get into the middle. It's very difficult because
it keeps swinging back and forth. But the indoctrination that

(20:43):
we've gone through and from colleges all the way down
to elementary school needs to change, and education starts. It
all starts with education. On my mind, education should be
about learning about the basics and learning about how to
go ahead and compete in the future. That's what it
should be about. And if people don't learn about physical

(21:05):
responsibility at an early age, it will never have physical responsibility.
And I hope that's not what our government idea is
is to go ahead and keep people poor that don't
know how to do it, so they have to bet
on the government. And that is an ideology that is
on the left. Give give, give gifts, so they have
to depend on you and they vote for you. When
you stay in power, well you get very very rich.
Isn't that kind of hypocritical and weird? They get very

(21:28):
rich on the backs of the people that are really poor.
So you finally get a billionaire that's a president. Only
does is get ripped apart. You know how hard it
has become a billionaire. There's not that many billionaires in
the country and not many billionaires in the world. But
for a billionaire to say I'm going to go ahead
and be president because I want to change things, that

(21:50):
says something he already had power of almost everything. Okay,
sure things aren't happening. For people to say that he's
not transparent, it's ridiculous, he says. When things are on going,
he's telling you what Putin's doing. He's telling you what's
the links he's doing. He's telling you what he's disappointed
and not working one way to the other. Trying to

(22:11):
fix the Middle East, we have no one talk about
trying to get peace for a long time. At least
is trying and at the end of the day, something
good will happen on this. But our economy, even with
all these tiists that everybody's worried about and all the
inflation of people worried about. They're worried about it now,
but then they didn't talk up about it before when

(22:33):
the prices was soaring, at least maintaining and life to
me for most people is getting Okay, we got to
start living with It's no different when house prices went
through the ceiling. Then everybody get used to those interest rates.
You can imagine now what happens if interest rates come down.
The housing market will start up again, people will keep buying,

(23:00):
vestments will grow, the economy will grow, and when you
put all that together, will be so much better and
stronger as a nation. We just got to give it time.
You know, you get by it in four years, even
give Trump three months. The economy, people, that's what makes

(23:23):
everything go. We're working in the right directions. We're trying
to get we got it. We're trying to get the
the the people back out on the streets. We're trying
to open up restaurant. We're trying to do all the
things that need to happen. It takes time. Don't use
common sense. Use common sense. Don't be against things happening

(23:46):
just because you don't like someone. Use common sense. It's
it better not to have crime, Yes, it's it better
not to have open borders, yes, okay. Is it better
to have prices down? Yes, We're not there yet. We
got to get there. There's a lot of things that
we need to do. In the meantime, the markets keep
going higher. There's probably a pullback coming. We told you
to mitigate risk. Somewhere in September, we're going to be

(24:09):
looking for October. We're gonna be looking to get reinvested
if we have that pullback, because I do believe the
end of this year and next year should should be
very good. If we can get done what we need
to do, we'll be back. This is that we appreciate
your listening. This is the Money Matter Show. This is
Dean Greenberg. Welcome back, everybody. It's the Money Matter Show.

(24:30):
I got Dave and Dylan and Sebastian and Todd of myself. Well,
we got a lot of a lot of guys.

Speaker 2 (24:36):
A lot of guys, and it was a week in
the market which kind of we all breathe a high
relief because it was in video week when in video
reports it's a big week because in video runs a
you know, AI has been running this economy and this market,
and then Vidia is out front. They're on the front
lines of AI.

Speaker 1 (24:56):
You know, it's interesting they beat, they beat all their earnings.
Are good people that want to be able to buy
the stock. And this is where I believe the big
guys come in. They always find something to drive the
stock down a little bit. Sure, so they can come
back in because oh, it's too concentrated. We don't know
who the concentration of it is. Well, does it really
matter if they keep buying it and doing because then

(25:18):
it's going to expand out. Other thing's going to happen,
and they're going to keep staying on top of it.
Because the Blackwell chip, which is the greatest chip in
the world right now, it's going to be placed by
another chip. They're staying ahead of the game. That's why
I loves keeping it Well.

Speaker 2 (25:30):
And the reason it backed off on Friday was because
Ali Baba came out and said they had to developed
their own chip because then videos had some trouble getting
ships to China the Age twenty chips, specifically to China.
Ali Baba came out and said, you know, we've developed
a ship that you can use in place of that. Yeah.

Speaker 3 (25:49):
Ali Baba is my favorite Chinese company. They also have
a chat bot that they're producing, and they're one of
the open source chat bots that kind of like they're
separate from.

Speaker 2 (25:59):
Displaying what that means open source, So open.

Speaker 3 (26:01):
Source is essentially that other developers that aren't working for
said organization can also participate and the programming that say
Facebook does for their chatbot is going to be open
to the public to see what the actual coding was
to make that program, so that other people can build
upon it and create different ideas that Facebook could also

(26:21):
use in their own service. So the idea with open
source is you can access more talent than just the
talent pool that you have at your organization. By keeping
something close source, you're only going to have access to
the people that have the badge that can go into
your database.

Speaker 2 (26:36):
Thank you. Think it's important to understand what that term meaning.

Speaker 4 (26:38):
Impressive impressive reaction out of value babble on Friday because
they didn't report great earnings, but they rallied twelve percent.
Going back to on Video, I just wann't say I
thought it was really bullish that they offered a sixty
billion dollars share buy back.

Speaker 2 (26:52):
I suppose I just kind of wonder why you're buying
shares at the all time high.

Speaker 4 (26:56):
Let's just say that you're the best company in the world,
I guess.

Speaker 2 (26:59):
But the other thing about that the selloff on Friday,
and it wasn't a big sell off down on what
three percent, but we're not used to seeing in video
go down Ever, is that in their quarterly report that
was released on Wednesday afternoon, which was beat on all metrics,
everything was exactly where you would like to see it.
It did not include any H twenty sales to China

(27:22):
zero And that's not realistic. We know they're going to
have H twenty sales to China, but the report included zero.
So that Ali Baba's come up with something that could
potentially replace the H twenty chip. Like Dean said, they're
just looking for a reason to sell it, because that's
not a valid reason right there.

Speaker 3 (27:38):
Yeah, and again with going back to Ali Baba with
just the chip, that's one side, like Navidia supplying the
chips for Facebook, for groc for chat GBT, for Gemini,
which is Google. So all these chatbots that are being
created need Navidia's chip. But Ali Baba is kind of
doing both of it.

Speaker 2 (27:56):
Right.

Speaker 3 (27:56):
They're gonna have the chip and also the chat Bob
that's run on.

Speaker 2 (28:00):
The chip, and Ali Bobby is the Amazon of China. Yeah, actually,
I mean over and above the chip, the whole chip story.

Speaker 3 (28:07):
It's insane the amount of business arms they have over there.
Our channels are probably the better word to use there,
they're in a lot of different industries.

Speaker 2 (28:14):
Of similar Amazon.

Speaker 3 (28:15):
Yes, before we're going further.

Speaker 4 (28:17):
The show sponsored by the Green Brik Financial Group and
you can listen on seven ninety kN.

Speaker 3 (28:20):
SD or iHeartRadio.

Speaker 4 (28:22):
Show discusses different investment products and strategies, and every product
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You could always give us a call at five two
zero five four four four nine zero nine. We have

(28:43):
about twenty spots left in our interactive financial planning steam
coming up. But at La Paloma September twenty sixth.

Speaker 2 (28:50):
Eighteen eighteen, only eighteen left and going fast.

Speaker 3 (28:54):
David, it's like hotcakes, not even September yet.

Speaker 2 (28:57):
No, I get it, I'm crazy. It's going to be fall.
Oh you're not going to be able to get into
this one.

Speaker 5 (29:02):
You know.

Speaker 3 (29:03):
But we've actually had a lot of calls from people
who wanted to come in and we've talked to them
and said, oh, I can just come in and do
my own financial plan and I don't actually have to
learn kind of do a generic version. You just skip
the step and come in directly and just do your.

Speaker 2 (29:15):
Own financial design for a specific person toime, Do you
want to explain kind of who that would be?

Speaker 3 (29:20):
Yeah, I mean one of one of the great cases.
Someone called in and they said, oh, I saw you
had a seminar. I was interested. I saw your website
and then also saw you did a financial plan. He's
a business owner and wanted to set up a financial
plan for his business and understand what are the things
that he's not taking advantage of strategy wise? Is there
you know, retirement plans he can set up. Is he
structured you know correctly? But also for his personal stuff?

(29:43):
How does the business flow to his personal financial plan?
So does he have a succession plan? What's he going
to do when he's no longer working for the business.
There's different ways to do that obviously, and there's different
what a scenarios we can build out for you. So
it can be as complex as a business owner and
kind of having two different financi or as simple as
this an individual or a family who wants to understand

(30:03):
that they have a pension or they have just a
four oh one K, and how do I live off
of that money and make it through retirement without running
out of money. We can build that financial plan just
for you.

Speaker 2 (30:12):
This guy knew he wanted a financial plan and wanted
to come in and do it.

Speaker 3 (30:15):
Who would No, No, he actually was. He wanted to
just do the seminar.

Speaker 2 (30:18):
Oh I got yeah, just to see kind of how
you get right, just to see it was.

Speaker 3 (30:22):
A generic idea of just saying I wanted to get
to understand what the financial plan is and how it
could help me. But I said, well, if you want
to know just directly, you can come come in and
do the financial plan and it would be specific advice
for you.

Speaker 4 (30:35):
If you're looking for a personalized financial plan, you've got
to just come in for the meeting. If you want
to just see what we're about, come to the seminar.
We have eighteen spots left.

Speaker 2 (30:42):
Okay, see how it's going. In addition to video a
Big Week Friend video, we had the PCEE. The PC
is a personal consumption expenditure index. It is the fed's
favorite measure of inflation, and it was up a tenth
of a percent in July to two point nine percent,
which which is the highest in February. It's just kind

(31:03):
of creeping up there a little bit. How can it not,
I mean, how can it? How can we not have
some increase in prices with all of the tariffs? How
can we not?

Speaker 3 (31:13):
Yeah, I mean it does depend on if the retail
is going to keep paying it, which it seems like
they are. They have plenty of money. The last jobs
are poor. Again, did see that wage growth is still
increasing at similar rates of what the CPI is increasing at.
So as long as that continues, I don't think there
will be a problem. People will continue to pay with
you know, if they're increasing their pay as much as

(31:34):
everything's increasing, I think we have refine.

Speaker 2 (31:37):
So half a dozen warnings this week though about increased
costs due to the tariffs to point, and I'm not
saying increased cost to consumer, increased cost to the business.
How much of that will they pass along? How much
of that will they eat?

Speaker 3 (31:51):
How much will they absorb? And that's a very you know,
there's gonna be a interesting idea. I mean, one of
this actually brings up a great point. The deminimus ex
exception was brought off yeah Friday, on Friday. Yeah, And
so for those that don't know, I didn't even know
it was a thing either, do. Minimus is just obviously,
I think a Latin word for minimum anything under eight
hundred dollars. Yeah, and an exception is just that. So

(32:13):
anything under that certain level is going to be said
that you have to now have tariffs on it. And
before anything under eight hundred didn't have tariff jurisdiction then
applied to those rules. Now everything is going to apply.
So even the Troy dollar T shirt will have some
type of tariff on it. So that would be interesting.
You would assume that retail would get killed if that
mattered too much. It didn't seem like it did on

(32:35):
any great level, or maybe it was already known and
was kind of already priced in.

Speaker 4 (32:39):
Does that make you guys think that businesses, companies were
just raising their prices simply because of the news that
they could.

Speaker 2 (32:46):
I know of companies that are raising prices because they can't.
I kind of like during the pandemic, we saw a
lot of companies raise prices just because they could not,
because they had to.

Speaker 1 (32:56):
But going back to what I was saying in my
mom and on a log though. Okay, if people couldn't
afford them, Dave, they wouldn't be paying it for the prices, right, Okay,
the economy is doing well, the corporations are doing well.
That means people are buying. Yes, most people forget what
it's like. On the other side, when you're in a recession,

(33:17):
when people can't afford things, it goes down. People are
making more money, People have more money than they used
to have, and it just goes back to living within
your means. That's why we do these financial plans. That's
why we do all these things. If they do not
understand that they will be in debt and they think
the government can bail them out, the government cannot bail

(33:38):
everyone out anymore.

Speaker 2 (33:39):
Government can't bail anybody out.

Speaker 1 (33:41):
Grow We are in trouble. We're in trouble if we
keep doing what we're doing. You see France, I don't
know if you heard me talk about this in the
monolog France is having protests that have to protest because
they're cutting back on people's pensions, cutting back on what
they can give because their debt is way too high.
So what are we going to do start having more
protest to you from the people that we keep giving

(34:02):
money to because now they want more money than they
haven't done anything about that will end up as a disaster.

Speaker 2 (34:08):
I happened to drive by a car dealership here there's
wanted Jim Clicks and people are out front picketing. I
was trying to fiure out why would you be picketing
Jim Click because he's supporting Assiscan money. Really seriously, so
you're supporting a candidates or your business gets picketed?

Speaker 1 (34:24):
Right?

Speaker 2 (34:26):
Is that crazy? When did that start?

Speaker 4 (34:27):
Let's not think about all the money that he donates to.

Speaker 1 (34:30):
But but they're getting paid to go out there and
pick it.

Speaker 2 (34:34):
I mean you got to believe that. I mean's no one.
It's hard to think of anyone who has done more
produce on the Jim Clicks.

Speaker 1 (34:40):
I'm not sure we virt the Lopez has done a
lot too, those two guys, don't you know. There's a
lot of people behind the scenes that gets a lot
of money and done a lot of things. But those
two on a on a on the outside have done
a lot. And you know what, the people that they
help are the ones that picket against them. Yeah, Oh,
they make too much money. They shouldn't be doing this.

(35:00):
They shouldn't be doing that, you know what I mean,
they single handily kept you of a athletics going. Yeah,
you know during all this stuff. I mean, it's it's uh,
it's pretty amazing to me how people think.

Speaker 2 (35:13):
There's the healing brand field, the healing brand aquatic center
that just happened. It didn't just happen.

Speaker 1 (35:18):
People give, people that make money give if you had
to have a conversation when they give. But you know what,
when your hand is out, they don't want to give
to you and you need it, they will give to you.

Speaker 2 (35:29):
And the hatred because you're supporting this particular candidate, never
mind the thousands of people you employ.

Speaker 1 (35:34):
We got a lot more to talk about. We appreciate
your listening. We will be right back.

Speaker 3 (35:40):
Welcome back to the Money Matter Show. My name is
Todd Lick. I'm here with David Sherw, Dean Greenberg's the Basketbaorssini,
and Dylan Greenberg. We talked about how when a video
was a big market mover, has been in the past,
but this week we actually didn't have much. It was
kind of met with a yawn because we got exactly
what we wanted in earnings and didn't have much change
to the guidance either. So or the week, the Dell
down twenty basis points, the S and P down ten

(36:03):
the NASDAK down twenty basis points, the Russell two thousand
is up twenty base points, and the equal Weight is
down fifty base points.

Speaker 2 (36:09):
And that noise you heard Wednesday afternoon was not a
sonic boom. It was a sigh from all the people
that are invested in the stock market.

Speaker 3 (36:18):
The stock market has climbed forty five percent off the
load the Nasdaq and thirty three percent for the S
and P five hundred, so pretty much wiped out that
tariff blubble blunder that we saw in April. And now
for the year, S and P up ten percent. That's
a killer year. And for I mean, that's exactly an

(36:39):
average year. And we're only two thirds of the way
through and the NASDAK up eleven percent for the year.

Speaker 2 (36:45):
And the next week we have, of course Monday's Labor Day,
and uh then Friday we get the big jobs report.
So the job's report is always a market mover for sure.

Speaker 3 (36:54):
And I think like we were talking about last time.
If wage growth stays good, I think everyone stays happy
because I think people will have the money to pay
for maybe those extra care costs. If that comes in lower,
then yeah, that could definitely be a problem, right because
if we don't have money to pay for higher prices,
then the companies are not going to get that, and
who knows what happens.

Speaker 2 (37:13):
So this is a market that is priced for perfection,
it really is. There's a tremendous fear of missing out
of thinking that something's going to happen. Trump's going to
do something miraculous, and I'm going to be sitting in cash.
And if you're a money manager, all the money managers
are competing with one another for performance. And so if

(37:33):
you're in that ball game, let's see, do I take
my ball and go off and sit down or do
I stay in the game. And right now, staying in
the game seems to be the preference of most money managers.

Speaker 3 (37:45):
Yeah, you know, that brings up an interesting point. I
had a great conversation with a younger gentleman that was
in his twenties setting up a financial plan and trying
to understand, you know, when does it make sense to
use an advice and we have maybe a different take
than most advice I would say, because most advisors want
every piece of business they can get. But what we

(38:05):
do say is if you don't if you can cut
your on hair, you don't need a barber. Right, they've
we've met with people that have done everything right. The
portfolio is not something we would change. They come in
for a free financial plan and we end up don't
do anything.

Speaker 2 (38:18):
I had six million dollar prospect I met with then
after reviewing everything he had, I said, well, if you'd
like to talk to somebody different, I'd love to be
that guy, but I'm going to be doing exactly the
same thing your guy is doing right.

Speaker 3 (38:30):
And that's sometimes you see just what should be done.

Speaker 2 (38:33):
State where he was, which is the right thing to
do right?

Speaker 3 (38:36):
And so what we're saying for some young people, they
understand that they should just put it in the S
and P. Five hundred and letter ride. They're not gonna
sell at market bottoms. They're going to keep investing dollar
cost average, whether it's a four to one K or IRA.
They have a systematic approach and they know they're forty
years away and they're not going to sell for forty
years and they're gonna just keep buying. At that point,
it makes a hard case to know whether or not

(38:57):
to be using an advisor, because if they're putting you
in an all equity portfolio, is likely not going to
be beating the market. There's a very small percentage of
money managers that end up beating the S and P
five hundred as a benchmark. Where money managers do beat
a lot of the times is when you start benchmarking
a sixty to forty portfolio. Because not all bonds are

(39:18):
created equal, not all stock creative, and not all risk
mitigation is created equal. Right, There is gives and takes
to all these type of strategies, and finding which strategy
is right for you is where an advisor gets involved.

Speaker 2 (39:31):
And we're not trying to beat the market. We're trying
to find that allocation that will make you comfortable.

Speaker 1 (39:36):
Right.

Speaker 2 (39:37):
It will allow you to sleep night, it will allow
you to stay in when the market does what it
did in April, now knowing that it's going to do
what is done since.

Speaker 3 (39:45):
Not only that day. I think maybe less than ten
percent of our counts are even designed to match the
market or beat the market. Correct the majority of our
clients are with us because we're financial therapists of sorts.
We are keeping them from making the mistakes that they
otherwise would, but also bringing up good ideas that they
otherwise wouldn't know to implement, and that ends up bringing
the value that we believe much more than Trump's our

(40:09):
fee that you're getting charged from us each year. But
at the end of the day, you have to understand
that the decumulation phases the much more complex going into retirement.
That's why we say everyone should have a financial plan,
even when you're young. Shold have a financial plan, but
you don't always have to be working for an advisor.
If you're just going to be investing in the market
and you have a while till some other needs pop up.

Speaker 5 (40:29):
Yeah, I mean what I was gonna say is that
a lot of people coming into retirement, they're going to
start needing to turn their retirement nest egg into a
check that they've been getting from their job for their
entire life. So working with a financial advisor on how
to do that and feeling comfortable is where we come in.
Like you were saying, financial therapist, that is a big
part of our job because you have to feel comfortable.

(40:49):
It's a weird feeling to pay yourself after you've been
saving for your entire career and now you're gonna drain
it little by little. But it's not always the even
drain it. You might not need it from one account,
you might need it from another. It doesn't really matter.
It's all different from your situation. But it's the idea
of where's the money going to come from it in
retirement and that is the biggest question, And that's the

(41:10):
biggest fear that people have. Are they retiring too early?
Can they retire how they want? Can they retire and
spend what they want, travel how they want? And that's
the biggest thing we do with this financial plan is
to show them, yes, you can, you can live your
ideal retirement or we got to pair it back a bit.

Speaker 2 (41:25):
Total mindset change and is one of the hardest things
for people to do what they're doing.

Speaker 5 (41:28):
It's gotta be, yeah, it has to, because I mean,
paying yourself is the weirdest feeling when you've been trained,
and you've been you've been training yourself to save your
entire life.

Speaker 2 (41:37):
Cumulating aswis your whole life. Now it's just now you
have to spend.

Speaker 5 (41:40):
On and then it's also on top of that, it
is like, I bet that feeling of now I'm in
a whole different phase of my life. It's the third
phase of your life. That's probably a different feeling that
people have. They're like, oh am I old? Now am
I this?

Speaker 1 (41:52):
And that?

Speaker 5 (41:53):
All these different things go in your head. They want
one less thing to think about that gives them fear.
That's where we come into help.

Speaker 3 (41:58):
And a lot of things up like medicare, rm ds,
all these things that make you feel old kind of
right exactly, like also number complex like how do you
you got to be an expert in some of these things?

Speaker 2 (42:10):
Absolutely well?

Speaker 5 (42:10):
A lot of it put like and with our financial
plan too, we have it the longevity game that we
have to go through, and we our plans shows men
living to ninety two, women to live into ninety four,
just as a base if we don't want to go below,
because even if you don't have a longevity in your family,
you could be the first one. And we don't want
to have you think that you're living to eighty two
and then spend all your money at eighty two and

(42:31):
then all of a sudden you live for another ten years.
But that's also a conversation that we have during the
meeting that mortality. It's a mortality question, and some people
just are different about it. Other people say, no, not
a chance. I want to live to ninety two, No
way I'm going to. But we still show them till
ninety two ninety four. And the other people say they got
a lot of longevity, and that's a fear that they have.

(42:52):
They say their grandma was one oh two, their dad
is now eighty eight, ninety just living life like he's
sixty five. Yeah, so they're like, in my run out
of money if I live to one hundred and four.
We keep living longer, medicine keeps getting better. Just that's
the nature of humans that we just keep living longer
and long and longer. Like when Social Security first came out,
the average life expectancy was about sixty eight years old.

(43:13):
That's why it works so well. Now it doesn't work
so well because people are live into one hundred. So
that's a big fear too that they got to look through.

Speaker 3 (43:20):
And when you have kids, like we call ourselves because
we're twenty thirties forty, you know, you have so much
time that should just be investing in the market. Make
sure you have three to six months of emergency savings.
Once you have some dependence, look at getting some insurance. Right,
but there's not too much complexities, but sometimes it's still
too much.

Speaker 2 (43:40):
Right.

Speaker 3 (43:40):
Some people just have absolutely no and they need to
have someone keep them accountable. So if you are otherwise
a young person and you're not going to be saving,
if someone's not pounding you on the table reminding you
to do so, or setting up account that makes you
automatically invest each month, then that also shows the value
of an advisor.

Speaker 5 (43:58):
We always tell younger people that treat it like a bill.
Treat your roth Ira contribution like a monthly bill like
it's your utilities. You can put one hundred dollars away,
you can put fifty dollars away, two hundred, whatever it is.
You keep doing it month by month, and that's how
you build the habit. It's not necessarily how much you
put away. If you're eighteen and you got your first

(44:18):
job and now you can open a roth Ira and
invest and contribute, but it can it's only twenty dollars
a month, then start with twenty dollars a month, because
then you have it in your mind that you can
put away money, you can build that habit of investing
and building wealth on the investment side.

Speaker 2 (44:35):
It's great life. God, will we get a couple of
minutes left to bitcoing down seven percent? What are you thinking?

Speaker 3 (44:40):
Yeah? I mean I was telling the guys earlier in
the week, I'm like, it's going to one hundred k,
and then you really think that, and I'm like.

Speaker 2 (44:45):
Going down to one hundred k.

Speaker 3 (44:46):
But the way the charge, yeah this time is going
down to it the way yeah, the way the chart's looking,
it doesn't look good. One away is a nice support
level to where we closed this week. I think we
close on like Saturday of some weird time. That'll be interesting.
But technically speaking, I do think the momentum is gonna
lead us down to one hundred k retest a fifty
day moving average, and I accept a little bit of

(45:07):
a pop after that.

Speaker 2 (45:07):
Yeah. I think the one hundred and eight was where
it broke out and made that quick run to.

Speaker 3 (45:12):
You kind of got a support level now flipped.

Speaker 2 (45:14):
And it popped up to one twenty four and then
back down. It's it's not for it was down seven
percent on the week. I was surprised to see interest
rates didn't do much this week. The Fed is in
charge of short term rates, that's what they can influence.
They can't do much for long term rates, and so
we are seeing short term rates kind of tick down
a little bit, but longer term rates are remaining stubbornly high.

Speaker 3 (45:37):
Yeah, not a great sign for the Fed. When the
bob market starts fighting the Fed, there's gonna be some
interesting things. There is some interesting things going on with
the liquidity. So September is gonna be a huge month
of what the Fed says. I'm maybe somewhere with the
Fed governors say, obviously, with Trump trying to fire Lisa Cook,
and that's in the court right now seeing if he

(45:58):
has the authority to do so. Other speeches from Fed governors,
what they say about the upcoming interest rate meetings and
things like that, maybe even more important than the upcoming
job support next week.

Speaker 2 (46:08):
They do. The members of the Federals do have fourteen
year terms. So unless you've committed mortgage fraud, you probably
you know, you better keep your house in order because
Trump's looking to replace you with all kinds of people
that are lower interest rates. Right.

Speaker 3 (46:24):
I wonder if politicians also get checked if they do
mortgage fraud. I mean, we know they can do insider trading,
but they pretty.

Speaker 2 (46:30):
Much can't do anything they want, right because they kind
of watch each other's back. It seems like it.

Speaker 3 (46:35):
Yeah, it's how wout we just change the law to
make sure that we can't get oil?

Speaker 2 (46:39):
Oil unchanged? On the weekend, sixty four bucks, gold up
another up one hundred bucks.

Speaker 3 (46:43):
What do you think about oil at sixty four? I mean,
that's just that's.

Speaker 2 (46:46):
Kind of a good spot for it. I think that's
a good spot for the consumer, is a good spot
for the companies. They can make good money there. Gas
prices are low, it's a very workable number.

Speaker 5 (46:57):
It's funny it's gas prices are low. The oil really
didn't change the last week. But I noticed that the
gas station near my house unleaded one from two eighty
nine to three h nine, really, and then the one
down the street on the way to Tucson High is
three to nineteen, and those were under three dollars for
the last few weeks. But I know oil hasn't changed,
so I don't know if something was lagging between it,

(47:18):
or if it's speedway alone or a CIRCLEK or something
with those companies. It was just interesting.

Speaker 2 (47:23):
Back with the second half right after this, Fatty, thanks
again for listening to us.

Speaker 5 (47:26):
Welcome back to the second hour of the Money Matter Show.
Thank you everyone for tuning in. I'm Dylan Greenberg here
with Dave Sherwood, Sebastian Borsini, Todd Glick, and Dean Greenberg.
We got a full house today talking a lot about
what's going on in the markets. Big things going on
are always the FED and Video was last week where
it had good earnings and the showing that the AI
craze is still here and gonna stay and it's moving forward.

(47:47):
For those of you just tuning in, the Dow was
down point two percent for the week, SMP five hundred
was down point one percent, NASDAK was down point two percent.
Russell two thousand, which is a small cap companies, was
up point two percent, and the equal way to SMP
five hundred was down zero point five percent. The S
and P five hundred during the week hit an all
time high at sixty five oh eight, so we saw
over sixty five hundred for the first time when I

(48:08):
was after end videos earnings reports. Also, those of you
just tuning in. We do have a seminar coming up.
It's more of a workshop on September twenty sixth over
Atlapoloma Country Club, where we are going to go through
the financial plan that we always talk about on the show.
We are going to go through a pretty basic one
in the sense it's gonna be generics, Jane Doe, John Doe,
stuff like that and whole numbers to give you an

(48:31):
idea of what the financial plan is and how dynamic
it really can be. And if it's something you've been
thinking about calling us for to set up a meeting
but you didn't know if it was time, or you're
just a little interested but you haven't set the time
aside to go set up a meeting, this might be
for you. You're gonna get lunch, You're gonna get some drink.
There's drinks and coke and that yeah no alcohol drinks

(48:51):
right when I said that was probably gotta clarify that.
But yeah, So it's gonna be a lunch workshop and
we'll get you an idea of how we do this
financial plan. So if you're interested, go to our website,
give us a call. You can go to our website
at Greenberg Financial dot com or call us at five
two zero five four four four nine zero nine.

Speaker 3 (49:08):
And I just remembered also we had a client come
in that originally did a financial plan like a year
and a half ago and then came back into restart
it right. You know, life gets busy. Who knows what
happens and then wants to come back in and redo it. So,
you know, we know there's a lot of listeners that
have come into us through the years and have done
the financial plan, maybe didn't end up doing business, but

(49:30):
still want to review the financial plan. We're still here
for you. Feel free to come in and we can
check it, do another analysis for you if you think
there needs to be one. At the end of the day,
we're here to be an educational resource, So if if
there is that opportunity, feel free to give us a call.

Speaker 2 (49:46):
Most people know we record the show after the close
on Friday to air on Sunday, So tonight for Friday
Night is the first game of the season for the
Tucson High Badgers, actually for most high school teams. And
and Dylan and Sebastian all serve as coaches of Tucson Hi.
So I had a fun fact that has to do

(50:07):
with Tucson. Hi a fun fact that I know about
because I've lived here for fifty three years. But I
don't think hardly anybody else knows about this, only because
it's such a unique fun fact. The University of Arizona
opened their doors fifteen years before Tucson High School. There
was no high school in Tucson when the University of

(50:28):
Arizona opened their doors. That shocks most people. There was
no high schools in Arizona when the University of Arizona
opened their door.

Speaker 3 (50:38):
I believe University of Arizona granted.

Speaker 2 (50:41):
Yeah, the territorial the territorial governor was really anxious to
support higher education, and so a goal was to establish
a college a university, which they did. Of course, in Tucson.
There were no public schools at all in Arizona, so
students were not prepared to enter university obviously, right, So

(51:01):
the University of Arizona offered its own preparatory classes from
eighteen ninety one when they opened the door to nineteen
thirteen nineteen fourteen area where the Tuson High opened. In
the inaugural year, the majority of students twenty six out
of thirty two. There were thirty two students twenty six
somewhere there for the prep classes because they needed to

(51:23):
do the prep classes before they could become freshmen. And
there were six people in the freshman class. So the
University of Arizona opened fifteen years before there was any
high school in Arizona.

Speaker 3 (51:32):
I think it was even like secondary school. It's crazy
no public schools.

Speaker 2 (51:37):
There was no public school and there was no public
school system. When the University of.

Speaker 5 (51:40):
Arizona is school Wow Wow West in eighteen hundreds.

Speaker 2 (51:42):
Kind of funny. And you start with the university, that
just kind of is backwards, right. Wouldn't you start with
kindergarten first g and work your way up to the
university to start with the university something we're hearing a
lot about on the news, and this is just something
that's kind of been bugging me and I'm going to
talk about it a little bit on the radio. Manding.
I think most people know what jerry mannering is. If

(52:04):
you don't, jerry mandering is the process of manipulating electoral
boundaries to favor one party or the other. There's been
an awful lot of grief in Texas. The Democrats left
the state again. California said if Texas does this, we're
going to do it. One thing that nobody's talking about
is Democrats have excelled at this for decades. They have

(52:29):
been very quietly but very successfully jerry mandering wherever possible.
In twenty twenty four, there were seven states todd where
Trump got more than forty percent of the votes, and
those seven states have zero Republicans in Congress forty percent
of the vote, zero republicans in Congress. California he got

(52:53):
thirty eight percent of the vote. Twenty percent of their
representatives are in Congress. Why that are Republican? Why is that? Manory?
The worst is the Illinois forty four percent, almost half
of the vote went to Trump. Seventeen percent of the
members of the House representatives are from Illinois. From Illinois,
I don't know. The Democrats just and I've been watching

(53:16):
this kind of for years ago. Why why is nobody
paying attention to this? Why? And they get they get
a Democratic legislature. And the thing the problem I have,
I don't know how Texas has became so public. I
guess it's because the Democrats are wait, wait, wait, this
is our thing. We do this, You're not allowed.

Speaker 3 (53:32):
To do this, and the whole thing is just annoying
to me. You like the electoral college too, Like, why
can't we just have a simple vote.

Speaker 2 (53:38):
Wouldn't it be nice if the House, because then New
York and California would control the entire country. We've hand well,
they don't have that much people, and yeah they would.

Speaker 5 (53:46):
Yeah, And like the gerrymandering thing. The thing I think,
like the Democrats are all up in arms about is
that it's mid decade because for whatever reason you do that,
every decade is changed the with a census. Yeah was
I mean, but then you like you said, you got
forty four percent four years every decade for for the gerrymandering. Yeah,

(54:06):
but you can do it mid decades. There's been a
few times in the past that has happened. But it's
when So then when you do it in the decade,
they say no, no, it's no problem. But it's clearly
skewing one way or another.

Speaker 3 (54:16):
Yeah, Okay, he's not mid decade. If the popular vote
has gone to Trump twice, now, how would he not
win if it was just straight up like that?

Speaker 2 (54:25):
There there's been cases where the electoral college went the
winner of electoral College, did not win the.

Speaker 5 (54:30):
Popeatah, Trump didn't win the popular vote with So it's
not for the first time.

Speaker 2 (54:34):
It's not a topic we want to get stuck in. No,
wouldn't it be nice if the House of Representatives was
actually representative? Would that be nice?

Speaker 5 (54:41):
Yeah? I didn't realize really that much about Jerry Mander forty.

Speaker 2 (54:44):
Four percent of the Republican Illinois forty four percent of Republican,
seventeen percent of the representatives. Yeah, it's ridiculous.

Speaker 5 (54:53):
Make a little more even to what is what it
actually is.

Speaker 3 (54:56):
Well, it's all stems off of to me, the electoral College.
This is a similar system before state.

Speaker 2 (55:00):
Eli Lilly Uh the farmer Giant five percent up on
Tuesday after the company's weight loss pill cleared another late
stage trial. You know the pill. We talked about the pill.
Everybody would rather have a pill, including Lily, because the
pill is much much easier to manufacture, a lot easier
to ship, and a lot easier to store. So Lily

(55:22):
would love to replace their injectible weight loss drugs with
a pill, so they give that that. Here's the problem
I had though. The higher dose of the pill help
patients lose ten percent of their weight over seventy two weeks. Now,
that's half of the loss from the injectible. Is the

(55:43):
injectible that much more onerous that you're willing to accept
half of the results? And is it? And the pill
probably is going to be quite a bit cheaper.

Speaker 5 (55:54):
That's the biggest thing. Is probably gonna be the cheaper
they'll take. They'll take half the way loss if it's cheaper.

Speaker 2 (55:58):
If you can get ten percent of your weight loss,
that's for most people, that's that's good, right, Yeah, and
as much cheaper having to inject yourself every day for
the twenty percent weight loss. So no, no, it seems
like like it's it's going down there way. Hey, COVID
still out there, you know that, right? You had a
lot about COVID. The FDA on Wednesday approved the latest

(56:22):
round of COVID vaccines, but set new limits on who
can get them. So what they're doing and they're saying,
all right, the government will pay for this, but we're
we're gonna really restrict who can get them people sixty
five and older, younger adults with at least one underlying condition.
I was listening to the press and they were all

(56:43):
up in arms about well, what if you just want
a COVID shot. And I'm thinking we're down the road
now five years on this COVID thing. We've all had
COVID at least once or twice or three times. You
would think we've developed some type of an immunity against
serious disease from COVID at this point. Now, if you're

(57:07):
immune compromised, absolutely you should be allowed to get a
vaccine if you want one. I'm just curious as to
who is going to get those. The one, the one
company I can't remember who it was, came out with
a combination flu in covid was another asks came out
with a combination flu in COVID shot, and everybody goes
in No, I don't think so. Yeah.

Speaker 3 (57:29):
I mean, while we're on healthcare, let's keep with a
CDC director. She got fired. Trump does not like her,
So I think rf she do directs the CDC. I mean,
the CDC is supposed to be you know, disease control,
whatever that entails. And that's gonna be a point that
the person replaced him as appoint you by you know,

(57:50):
RFK team something like that. But yeah, I mean, just
another political political weapon that Trump's using to try to
make things better in his opinion, right, So we're doing
it with Lisa Cook, try to get rates lower, doing
with the healthcare system and trying to get you know,
get the healthcare system better. So you know, he's a
mover and shaker.

Speaker 2 (58:09):
He is an amazing level of energy and amazing idea.
I mean he he chimed in on the cracker barrel logo.

Speaker 3 (58:18):
I mean seriously, oh, yeah, that's interesting.

Speaker 2 (58:21):
Why would why would you chime in on the cracker
barrel logo? I mean, how can you have even.

Speaker 3 (58:27):
Be well, yeah, Sidney Sweeney, you think about that one.
He chimed in on that ad. Why do you have
to chime in on the ad?

Speaker 2 (58:32):
Like, how can you even begin to have the time
to care about this? That kind of stuff.

Speaker 3 (58:37):
But also, I mean the reporters try to just get
him into any funny question that to get the clickbait.
So it's not his fault either. I mean, if you're
asked stupid question, what other president would have been asked, Hey,
did you see the Sidney Sweeney ad? Imagine asking Barack
Obama that?

Speaker 2 (58:52):
Yeah, and Trump would say it's the hottest ad on TV.
You know why he said that because the reporter said,
did you know she's a registered Republican? And then he said, well,
then there's the hottest ad on TV. That was interest
to that question. But all you saw on the news
was Trump saying she's the hottest thing. You know, whatever,
it's just anything you can We'll talk about.

Speaker 3 (59:13):
Crackerbell, right, popped eight percent when they moved back to
their old logo. Said we're sorry, we understand cracker leaning
against the barrels more what you guys want, no DEI so.

Speaker 2 (59:23):
Yeah, and then try and then Trump Trump actually weighed
in on and then the next day they went back
to the old logo. And I'm thinking, if I'm Cracker Barrel,
you got to be just sitting there going seriously.

Speaker 3 (59:32):
That's me, the head of that marketing team.

Speaker 4 (59:34):
I mean, sure, when it drops what ten percent, just
because of the logo. Again, nothing changed within the business
model whatsoever, it's a bye.

Speaker 2 (59:41):
Yeah.

Speaker 3 (59:41):
But you said the same thing about bud Light. Who
knows how long that lasts that's the problem. But Light
lasted for about six months. It didn't come back certainly. Well, no,
it's not bud Light's Anheuser Busch.

Speaker 2 (59:51):
Right. I went to I went to dinner with a
some friends and just I'm a right leaning person and
these people are one hundred and eighty to greased the
other direction, the total lefties. In fact, so much so
that she uh went out and picketed on No King's Day?
Right that so, uh, that's how opposite we are politically,
and yet we get along great. I like them, they

(01:00:12):
like us. And I asked her, we're waiting for my
wife to arrive and have a little dead time. I said,
what what does the left think about Elon Musk? Now,
I'm just curious. She didn't know, didn't have an opinion,
you know, I mean because because they loved him when
he was building these electric cars that everybody was going
to drive. Then they hated him when he did the

(01:00:32):
you know.

Speaker 3 (01:00:33):
Doge not canceled out And now we're.

Speaker 2 (01:00:35):
In now where you know, it's it's like my tesla,
I don't know what eternal left or right?

Speaker 3 (01:00:40):
You know, it's well, I mean there's just one Elon
Musk statement, you know, bashing Trump away and then back
on liberal side.

Speaker 2 (01:00:48):
So has is it just me? Or he is he
gone very quiet?

Speaker 3 (01:00:52):
Maybe? Yeah, I guess so you could say that.

Speaker 2 (01:00:54):
And I think somebody said I think somebody said, Elon Union,
shut up quite on evil. You're killing this business. You're
he's still talking. You need to be quiet.

Speaker 3 (01:01:03):
He's on x every day.

Speaker 2 (01:01:04):
Oh he's not, but it's not getting reported, so it's
not controversial. I guess that he's.

Speaker 5 (01:01:09):
What he did.

Speaker 3 (01:01:10):
I mean, I remember seeing a CEO and I'm sorry
in the video CEO talking on a video about how
much he's impressed by Elon Musk. He said, what Elon
Musk did with Xai, being able to create that GROX
system in almost ninety days, he said, is something singular.
He's never seen any business owner do it, because no
other business owner has that level of expertise from the

(01:01:31):
supply chain to the engineering to the the chips right
how an AI system actually would work. I mean, he
has knowledge in every single field that would take something
and produce something as large as an AI system and
just not they didn't have that at all.

Speaker 2 (01:01:47):
You wonder if he has that kind of smart or
if he simply is surrounded by really smart.

Speaker 3 (01:01:53):
People, well then he I feel like, you still have
to understand the level to direct the orchestra. Yeah, and
you have to know why that violinist plays that way
and why that fits in the orchestra.

Speaker 2 (01:02:05):
I personally think he's brilliant, but it's.

Speaker 3 (01:02:07):
Just amazing, I think. And in the long run, we've
talked about how Tesla, which maybe goes why he's silently
trying to work on it. He's got that new two
you deal the long term is the robots, and you
know it's not the ev cars. And if there is
one person that can figure out how to get a
low cost robot to the everyday consumer, I couldn't think
of a better person than Elon Musk.

Speaker 2 (01:02:27):
I agree with you one hundred percent. We've talked a
lot on the show about AI and Todder was a
recent survey from consulting from baine In Company. They discovered
consumers are increasingly embracing AI. I find myself, and I'm
not a young guy really embracing AI. I love it.

Speaker 3 (01:02:46):
I feel like you could feel it too. When you
talk to other people. You have more conversations that I
use it for this, or I use it for that.
You know, use cases and it just kind of spreads
that way.

Speaker 2 (01:02:56):
It does. And I love when when I do a
Stove Chaine AI search. And I've said before on the show,
I love Google's AI and I go to Chad GPT
if it's a little bit more detailed or if I
want a second opinion, Although that's kind of stupid because
they're all using the same database, right more or less.

Speaker 3 (01:03:14):
And I think that's such an interesting thing that we're
talking about here, is open AI's network effect and Google's
network effect that they've already built is really their value
that they have because all AI systems, to most people,
are going to be created equal now to a very
complex someone who's in the industry knows the intricacies, they'll
be able to know the differences of which models the best.

(01:03:35):
But for most people, they just want to use what's
already they're using, right, And like you said, Google, it's
right there. If you need a little bit more complex
to use chag ch why because that was the first
one you played with, you know what. But there's other
ones out there, right. Grock is a great, if not
arguably better than CHADGBT. But why would you now switch
to GROC for a little bit better of a tool

(01:03:55):
like you're already used to using CHADGBT. They have that
Kleenex effect.

Speaker 2 (01:03:59):
Yeah, absolutely, absolutely, something you're used to, just like it's
like a PC versus an Apple. You know, if you're
an Apple person, you're an Apple person, you're a PC person,
You're a PC person.

Speaker 3 (01:04:08):
Yeah, the same with the iPhone and Android.

Speaker 2 (01:04:10):
Yeah, thankfully, Yeah, Sam Song, I give Dan all the
credit in the world. You know, he's not the most
adaptable person I've ever known, but he switched from an
Android to an iPhone. He did, and he guess and
he's got it done.

Speaker 3 (01:04:20):
It was it was painful if you saw like the
percentage of people that do that per year. I mean,
it's got to be so small.

Speaker 2 (01:04:25):
I guess I can't even imagine it's in potential. Speaking
of small, only three percent of people who are embracing
AI pay for it. Interesting, only three percent are actually
paying something for AI. And you've you've said before there
are elevated levels of AI that you can get if
you're willing to pay, and only three percent are paying.

(01:04:47):
The most popular AI assistant, Chad GPT, has twenty eight
percent of that market. Google has twenty three percent of market.

Speaker 5 (01:04:56):
Back in two thousand and one one, and stuff like
when Google is just becoming popular or in the Google
Search and all that, How resistant were people then with
the Internet and Google and all.

Speaker 2 (01:05:04):
That it was embraced pretty quickly.

Speaker 5 (01:05:07):
Was it a lot motger than AI is getting embraced
right now?

Speaker 2 (01:05:10):
I think we were talking about AI being embraced pretty
quickly here just paying for.

Speaker 5 (01:05:15):
Oh Pain, Okay, I misheard that. Yeah, it makes more
sense to me.

Speaker 2 (01:05:18):
Being increasingly used, but only three percent are paid paying
for get that, and somebody said, well you can get
better search if you pay one hundred dollars a month ago.
I'm good.

Speaker 3 (01:05:26):
Yeah, And what I think though, is gonna happen what
you just said. More and more people are using it,
and there is a point in all these free models
that if you ask too many questions in a month,
you can't ask anymore. Right, So that's one way that
they can say, just lower that inquiry limit. And then
once a user starts to use it so much and
they have to pay for it's like almost forcing them
into Well.

Speaker 5 (01:05:46):
That's how they got me. I was using it. I
started using I didn't pay for it, and then I
slowly started using it more just because I found it useful.

Speaker 2 (01:05:52):
For what what do you pay for.

Speaker 5 (01:05:54):
Oh Chat GPT? I do monthly subscription?

Speaker 3 (01:05:58):
Well, yeah, that's what you're saying.

Speaker 5 (01:05:59):
I'm saying it. I downloaded it and I use it
on the computer first, just to see what it was
all about. And I was using it a bit and stuff,
and then as I got I just started using it more.
And then all of a sudden, I ran out of
questions and I was like, that sucks. All right, they
got me and I started paying for it.

Speaker 2 (01:06:13):
Oh, she only you're limited to a certain number of questions.

Speaker 5 (01:06:15):
That's what I'm It's like a free trial in a sense.

Speaker 3 (01:06:17):
Each month, each of your credits reset, So if you
don't use it too much, you'll never notice it, okay.
But once you start to see how useful it is,
and you start using it for other questions and other
things in your life, and all of a sudden you're asking,
you know, one hundred questions a month. I don't know
the act.

Speaker 5 (01:06:30):
I will say there have been studies already done on
this that people who use chat CBT for everything to
like do their thinking. In a sense, their brain activity
has slowed down, and its showing on these brain scans
I've seen like on like through social media whatever is uh,
they just slow down the brain activity of it of yourself,
because your critical thinking stops and your brain thinking and
activity and all that slows down because you're just you're

(01:06:52):
not thinking. You don't need to. You just put it
out there on chat and it'll spit out everything that
you're you would think about.

Speaker 2 (01:06:58):
On the other side, I've recently been dealing with an
ear infection, which is pretty weird for an old person. Uh,
but just because I were hearing age, and the hearing
age will trap the moisture in there, so it's more
likely with people. And I was on there, and I'm
on Google, and I'm on chad GPT and I'm doing
the deep dive into AI. Super helpful, uh, to explain

(01:07:20):
what I was looking at, how to deal with this,
What kind of medications, what kind of treatments I might.

Speaker 5 (01:07:26):
Use a little less aggressive than w web md when
we used to look up things on WebMD, which you
have a little cold and all of a sudden, next
thing you know you're dying.

Speaker 2 (01:07:33):
Yeah, oh no aggressive aggressive? Yeah. You know you don't
want when you say I've got a pimple on my cheek,
you don't want you know, it could be melanoma, you know,
as a first choice.

Speaker 5 (01:07:45):
Yeah, you're gonna go to the worst a real quick
with that stuff.

Speaker 2 (01:07:49):
Worst case worst case scenario, right, And I think.

Speaker 3 (01:07:51):
We also all know we're still in the very early
innings of this entire thing. I mean, this thing is
going to be so much better in five years, from
from the safeguards to the things that can actually answer
to the regulation. There's going to be a lot of changes,
just like there was with the Internet. But the fact
that it's this useful at this stage in the game

(01:08:13):
is I think the very exciting.

Speaker 1 (01:08:15):
Part about it.

Speaker 2 (01:08:16):
Well, and Dylan talked about life expectancy back when Social
Scare was started, it was with fifty eight or or whatever.
And think what's going to happen to life expectancy over
the next fifteen or twenty years. You guys, probably by
the time you're older one hundred is going to be normal.
With AI being able to go in and diagnose things

(01:08:39):
very specifically. I think we saw a report the other
day that they can identify certain cells that would lead
to breast cancer that no other equipment has ever been
able to.

Speaker 3 (01:08:50):
See, No human eye would ever be able to ever.

Speaker 2 (01:08:53):
Or scan or MRI and then nothing of this. So
if you can, and then the other side of that is,
if you find a particular disease, you can break it
down to where you actually come up with a medication
for that disease.

Speaker 3 (01:09:06):
You want a great little documentary on this on Ai
and it's kind of birth from its infancy on Amazon Prime.
There's a new documentary called The Thinking Game. I would
highly recommend one. Yes, it's about Alpha Go and it's
about the team behind Google Google Labs, and they are
the ones who actually create Gemini. They're the team that

(01:09:27):
feeds Gemini's new stuff. But Alpha Go is the team
that actually create created a robot AI system that beat
the best Go player in the world. For those that
don't know, there's a game called Go. It's one of
the most complex games if it's out there because there's
so many different possibilities. It's like chess on steroids and
it's a very complex game. And the basically grand master

(01:09:48):
of this game was played the Ai and he was
a Chinese person and halfway in the game, the Chinese
feed went shut because they realized the Chinese national was
going to lose and they didn't want to lose to
an Ai. And that was the genesis of for the
realization that Ai is going to be better than humans.
And that's when China started their own AI models and
all that, but they talk about it in the Thinking
Lab and one of the new breakthroughs that they just did,

(01:10:10):
and they actually, this team, the founder of it, won
the Nobel Peace Prize for this was the first thing
in the human history that was able to fold a protein.
It was a problem. I guess it is a they
explained it. It's a problem that has been since antio
antiquity of like understanding protein folding and how to do that.
And there's a lot of medical reasons that that's important

(01:10:32):
and this team used AI to be able to do that,
and literally it was such a big of advancement that
they won the Nobel Peace Prize for it, And so
you could just realize, I mean that's just now. That
happened in twenty two. I mean, what's gonna happen in
twenty nine?

Speaker 2 (01:10:46):
And like the mapping of DNA being able to map
DNA and who's smart enough to figure this out? I
can't even figure out how many phone works after time
to say, oh, it's just absolutely mind boggling. We appreciate
that you're tuning in this morning if you have not
yet signed up for the seminar coming up. What's the
data on that guys.

Speaker 3 (01:11:06):
September twenty sixth, it'll be eleven thirty to two at
lat Paloon. It's gonna be on a Friday, and some
people aren't gonna be at.

Speaker 2 (01:11:12):
Eighteen eighteen spots left eighteen. That's a d and that's
gonna be it. It's going to be shut down.

Speaker 3 (01:11:17):
And we don't want to be a huge room. We
want to be able to be personal and I.

Speaker 2 (01:11:19):
Want to be able to talk to people, want to
be able to have questions and things. Again, it's a
way to go and very unthreatened and untreatedning environment. Meet
the team, see how we do it. Get an idea
of what the mechanics are behind the financial plans and
what you might expect if you decide to go through that.

(01:11:40):
And we'd love to see you there again. We'll run
out of spots. Give us a call. We'll be back
with more than Money Matter Show right after this message.

Speaker 3 (01:11:47):
Welcome back to the Money Matter Show. My name is
Todd Glick. I'm here with David Sherre, with Sebastian Borscini,
Dylan Greenberg, and Dean Greenberg. It's going to be an
interesting night because tonight's the first night of Tucson High
Badger of football. So week we get to know how
they started the year off. But overall this week not
much news in the market, So I guess it is

(01:12:08):
all about football. We got college football starting, NFL is
going to start the next week. Me and Dylan, we're
talking about Draft kings. Might be a good bye here
because I was gonna say.

Speaker 5 (01:12:16):
That was the news Draft Kings and then FANDU Who's
I forget who FanDuel's parent company is, uh flutter Flutter
Flutter flutters their parent company. We talk about that going
into the end of the third quarter and through the
fourth quarter, because you have MLB playoffs, you have NBA
starting during the fourth quarter, you have WNBA still going
through during the third quarter, you have NFL college football,

(01:12:37):
all the sports. Hockey starts in the fourth quarter. So
these betting sites tend to do well. They're in the
end of the third quarter through the fourth quarter, So
the are results during January and February will usually they
tend to be better because it's the high time of
the year. But there is one caveat that we've been
talking about is casinos are a little different. You have MGM,
you Las Vegas sands who all have online gambling, but

(01:12:59):
they also have the issue of people not wanting to
go to Vegas to go to the casinos anymore. So
people just go to their local casino. They'll play blackjack
and craps there if they have the ability to, and
then they'll sports gamble on their phone. But they're not
going to go to Vegas to spend all this money
in Vegas, just Stori City just to go to the
casino and go to the sports book anymore. They'd rather
bet sports bet on their phone and have it in

(01:13:21):
their house or their local bar. So it's an interesting
thing is to think about moving forward. Is the casino
seem to be struggling with the hotel side of it
and the regular gambling side of it.

Speaker 2 (01:13:31):
And probably not an ideal time to say we don't
recommend any stock on this show. We don't know your
investment objective, we don't know your risk tolerance, we don't
know that upward movement in those stocks.

Speaker 5 (01:13:43):
Gaming stocks seasonality. Fourth quarter for gambling stocks is seasonality.

Speaker 2 (01:13:49):
Yeah, do we know that for a fact, but.

Speaker 5 (01:13:53):
So we do not recommend it.

Speaker 3 (01:13:54):
Yeah. One of the things you gotta always think about
is Obviously, the expectations of what the business is going
to make in quarter three, in quarter for it is known,
right because they also are looking at past quarters knowing
that that's when the best business happens. So you will
see that the raftkings better have you know, better earnings
xtaments that's going to show up in quarter one and
quarter two overall. So that's why, just like for example,

(01:14:16):
the video we know Nvidia has a great business model,
but if they don't sell as much as everyone thought
they were, they're going to decline even though they sold
billions of dollars of chips. If they didn't sell X
number of billions dollars, they'll be punished for it. Now,
if they go over that amount, they'll be rewarded for
it and they'll get a huge pop. So the idea
is in stocks, you're trying to figure out, how is
the business model going to go more than what's already expected.

(01:14:39):
Analysts are already out there, they already got the price target.
Sometimes it's way off, sometimes it's spot on. But for
the most part, you have to understand what's the business making,
what's expected. Do you think it's going to do better
or worse? Because most of the time, what's expected is
already priced into the stock, and.

Speaker 2 (01:14:54):
When we start trading again, it will be Tuesday, September second,
and probably a good time remind people that September has
historically been the worst month for stocks. It has been
so much worse than the others. It's the only month
that closes down more often than up. It's average performance
over the last fifty years has been minus one percent,

(01:15:16):
which is ten times worse than the second worst month,
which is February with a tenth of a percent. Lot.

Speaker 3 (01:15:22):
Yeah. Well, just to finish up gambling, I want to
say one other thing with that, because there is more.
There's a lot of illegal gambling sites out there. I
don't know if you're heard of Bovada and my Bookie
and things like that, but about ten percent of the
current betting ecosystems are on these illegal websites, and they're
they're cracking down more so on these legal sites because

(01:15:43):
they don't pay tax the same way they're on Canary
Islands and where who knows where. So the idea is,
obviously if they can crack down on that and those
illegal people who are using illegal services are required to
now go on to the legal services. That'd be a
win for Draft Kings and Vando obviously.

Speaker 2 (01:15:58):
And that's exactly what happened with the marijuana business, is
that there's so much, so many taxes, and so much
oversight by the government, so much oversight by the health
departments to get that legalized marijuana to the stores that
the illegal ones can sell it for half price. And

(01:16:19):
so it's still a big, big, big problem.

Speaker 1 (01:16:21):
Yeah.

Speaker 3 (01:16:22):
I mean for the most part, people, if you tell
someone I have to pay fifty percent more in tax,
you know, like imagine they put fifty percent alcohol tax on,
We're gonna have bootleggers again.

Speaker 2 (01:16:33):
Yeah.

Speaker 3 (01:16:33):
So if you open up an incentive to the market,
the market's gonna arbitrage it all day.

Speaker 2 (01:16:39):
You know. One of the neat things about this business
is that every week is different. And you said this
past week, based on the numbers, not much happened. I
would argue that it was an extraordinarily important week because
we found out that the most important company in the
world is still doing okay. So it's kind of a

(01:16:59):
sign of relief. The fact that it didn't move much
is a is a very positive thing. That boring though,
but that's yeah, it wasn't It wasn't boring. Wednesday at
about half an hour after the closing, and we're sitting there.

Speaker 3 (01:17:13):
With people and they see this week they think it's boring. Absolutely,
we might think it's exciting because we're nerds, but we're
not the majority.

Speaker 2 (01:17:21):
It's a good point. We are kind of addicted to this.

Speaker 3 (01:17:24):
Yeah, yeah, we like this a little too much.

Speaker 2 (01:17:28):
I found out, you know, every week, every day is
different in this business, and every week I learned something new,
a lot of it from you guys. But I came
across something that I did not know. Did you know
that India is the fastest growing economy in the world.

Speaker 3 (01:17:45):
Really, I thought it was Nigeria. That was interesting.

Speaker 2 (01:17:48):
It's recently passed Japan to become number four, behind the US,
China and Germany GDP wise, yeah, fourth largest economy in
the world's India. Trump hit them with a few fifty
percent tariff trying to stop them from buying Russian oil, right,
but rather than cave, they have become defiant. It's kind
of interesting. Their Prime minister, a staunch nationalist, is urging

(01:18:12):
everyone to buy things made in India. Don't buy important
things anymore. Now with that said, the US is by
far the largest destination for products exported from India. By far,
forty of all of the products exported from India are
bought by the United States. A fifty percent tariff essentially

(01:18:35):
puts a trade embargo on that cutting down those eliminating
those sales completely. So it's going to be interesting to
see who wins this contest, India or the I like
Trump's cards. I think Trump's holding more cards.

Speaker 3 (01:18:51):
Yeah, but India's got more people and way more people,
more people.

Speaker 2 (01:18:54):
Way more people, well populated country in the world, right right,
and more so than China.

Speaker 3 (01:18:58):
If they do get behind this nationalist measure, they can
self they could self support them.

Speaker 2 (01:19:04):
So you would think you would think they have the populace,
they have the cast system, and that is true. There's
nowhere those amount of wealth per capita's per capita, So
it's just gonna be interesting. I did not realize they
were the fastest growing and it maybe of major economies.

Speaker 3 (01:19:21):
Uh yeah, well, you know, now I think about it.
I was looking at countries that have the fastest growing
growth birth rate, so like you know, like Japan, they've
been their populations are going to be declining here soon.
They have such old population, they're not getting new babies.
That's why they have They had that lost decade. We
don't talk about it enough, but there's a real demographic

(01:19:42):
issue with some of these developed countries. Right, if you
don't have enough babies fifty years from now, you're not
going to be the world power you are. It's not
just about the money. You have to have the labor force.
You have to have a society.

Speaker 2 (01:19:53):
Right, It's a serious enough problem where Trump's willing to
pay everybody a thousand bucks to have a baby exactly, right.
I mean, you know he can see it's.

Speaker 3 (01:20:00):
A serious enough problem that China decided to get rid
of their long standing, long standing one child and then
I think it's two now, maybe they even changed it
to three. But obviously countries are waking up. Elon Musk,
that's one of his biggest fears, his population decline. And
he's like, my biggest fear is that the human population
just dies with a diaper because everyone's old, and he

(01:20:20):
just all die of old age and then no one had.

Speaker 2 (01:20:22):
The kids generation thing he can do personally, right about
twelve twelve or thirteen kids from what three different women.

Speaker 3 (01:20:30):
At least I think it's important though, and I think
this also talks about maybe if we do get to
a point where there is more tachological advancements, people feeled
that there's more wealth and more opportunity, they start to
get back to that mentality of having babies. I mean,
I don't know when you were, you know, in your
thirties and forties, Dave seemed much more prevalent to have
a family. M Yes, And today it's like almost why

(01:20:52):
would you have a family. The world's either terrible or
you're not gonna have enough money to support them. You're
not gonna give them the life they deserve, so don't
have a family. And that's what you see. And developed
country where the opposite and emerging countries they said we
need to have as many kids who can't because these
are people that help us survive.

Speaker 2 (01:21:07):
At thirty years ago, a couple without children, you go,
what's wrong with them? Moment? One of them must have
a medical issue or so, there'd be no reason not
to have children. In fact, when I was about your age,
my boss, a guy that I worked with, asked me,
who's much older, said are you married? And I said yes,
and he goes, how many kids do you have And

(01:21:27):
I said no, and he goes, why are you married?
That was you know, that was his thought process. Why
would you get married if you're not going to have children?
So and you get married to have children, and so
if you are married, you should be having children. Interesting.

Speaker 3 (01:21:40):
I just think that overall it's going to be an
interesting The biggest thing I think definitely is money. Right
if people feel like they can't have a family.

Speaker 2 (01:21:46):
Absolutely absolutely. I think talk about a couple of stocks here.
One that I is literally is back from the dead
is Cole's department store. I thought they were headed for bankrupt.

Speaker 3 (01:21:59):
They got a mean stuff rally.

Speaker 2 (01:22:00):
Then well it was down, it was forty percent below,
it was high and open twenty percent high on Wednesday.
Despite a small decline in revenue. They still still still
not have selling. Their net income was double what was expected.
So they're making twice as much money on less sales. Interesting,
how does that work? And they affirmed the upper end
of their guidance. Right. Business. The funny thing about it

(01:22:22):
is is the stock rallied. Business continues to decline, but
at a lower pace. And you see that, don't you?
You see stocks rise even though business is declining.

Speaker 3 (01:22:33):
You know it was stock that did that for a
while with Celsius, but then finally they finally started to
get some gaining with a Lotti new and then today
Pepsi COO on Friday said they're going to put a
little steak in them help pop the stock. Another six
percent traded off lower and throughout the Friday. But I
didn't realize Coke has a steak and Monster, which helped
grow Monster to what it was, So maybe this will
help Celsius grow as well.

Speaker 2 (01:22:52):
I think a diversification in those those traditional soda companies
Pepsi and Coke. I mean, that's what's kept them a lot. Uh,
the the sales of Coca cola and Pepsi products have
been declining pretty steadily.

Speaker 3 (01:23:06):
Yeah, imagine Coke didn't have like a coffee yere, you know,
department and things.

Speaker 2 (01:23:10):
Well they still have me, right, So I'm good. I'm
good for a bunch. Yeah, I'm good for a bunch.
When I was when I was when I was in
my teens, I was sent away to Texas. I was
a bit of a problem, and I was sent away
to Texas for the summer and I lived as a
laborer and my only uh, the only good part about

(01:23:31):
it is it was right next door to the where
they stored all the Coca Cola products for the Rio
Grande Valley. And the guy that I was working for
owned that Coca Cola bottling company. So I just slide
in the door and grab whatever I wanted. So I
had no money, and I lived on Coca Cola for
an entire summer and came back an attic. So there

(01:23:53):
you go. Well we'll blame Vanny Cook.

Speaker 3 (01:23:55):
Because that's when they used to actually have cocaine back
in it.

Speaker 2 (01:23:58):
Ranny Cook from McAllen put the good maybe a Coca
Cola add Thanks Daddy. All right, we'll be back with
the final segment again. Thanks for taking time to join
us this morning. Welcome back. This is the Money Matters Show.
I'm here with Dean and Dylan and Todd. It's a
mask and I'm Dave and we're here to bring you
the football Saturday. It's the first college football How about

(01:24:20):
that Texas Ohio State? Are you kidding? At at nine am?
That's kind of stupid. I'm gonna record it because I
won't be in anywhere near where TV at nine am.
I'll be on to Miwauk Hill or isn't that funny
Grandson of the Year and you're gonna have it at
nine o'clock the first.

Speaker 3 (01:24:36):
Week of the season. I mean, obviously Texas Ohio State
wanted to move it to the tonight game in Texas,
like yeah, right, we're away. We're not moving this to
it even worse than you where you're gonna have more
people or drunk all day because they're drinking all day
and they even worse fans. It's a good move by Texas, right,
they wanted to be well.

Speaker 2 (01:24:52):
I mean, if Texas can can beat Ohio State in Ohio,
that's okay. They're number one in my book for sure.

Speaker 3 (01:24:58):
I mean, it's gonna be interesting to see how Archie
and can actually play and all that. It's gonna be fun.

Speaker 2 (01:25:04):
Yeah, a lot of good matchups.

Speaker 3 (01:25:06):
U of A doesn't seem like they're gonna have necessarily
a great year. Maybe they do, because it's almost a
flip Like remember last year, U of A goes into
the season highly ranked and I think they're like thirteen
or something, and then a SU was absolutely terrible and
then at flip flops. Now a SU's franked like eleven
or thirteen and U of A is not really expected
to do anything, so might we might have another flip
this year.

Speaker 2 (01:25:26):
I like the ASU seems to really be on the
right track in terms of getting a coach that is
a former student. There did he play student, but he's
he's an ASU grad and he's all in on a
SU and he's a likable guy. Young guy Edwards brought

(01:25:47):
brought the team into the into the playoffs last year.

Speaker 3 (01:25:50):
I wish I had him when I was there, I
had I had herm and it was.

Speaker 2 (01:25:53):
Oh yeah, it wasn't that good. Yeah, anyway, it was.
It was pretty down impressive of what he did last year.
And I thought to myself, up as I'm watching this,
I'm gonna be it's gonna be a long row for
you of A with this guy. This guy staged as you.
I think it's gonna be tough for Arizona to beat
Arizona State for a while.

Speaker 4 (01:26:11):
Yeah you have or you have a just switch for basketball.

Speaker 2 (01:26:13):
See, yeah, we just have to. That's that's our rallying
cry around the football. When's basketball start? Right?

Speaker 3 (01:26:18):
Well, a little educational piece just for everyone. Some people
do not take advantage of the HSA accounts when you
should be if you're enrolled in a high deductible health plan.
Even if your employer isn't necessarily setting up an HSA
for you, if you are enrolled in a high deductile
health plan, you can open up a standalone HSA. And
HSA is a health savings account. I've done this myself
through Fidelity. I'm sure there's other providers you can look

(01:26:39):
up to do the same thing. But the cool thing
about this one with value, I mean it has a
debit card connected to your HSA, so you can invest
the HSA money while you're not using it. For individuals,
you can put forty three hundred a year into it.
It's a tax free into that, so you're not going
to get tax on that money going in. It's going
to grow tax free, and you take the money out
tax free. And when the people most of the time

(01:27:01):
say okay, but taking it out for medical expenses is
probably not something I'm going to need because I'm a
very healthy person. Well, look up HSA eligible purchases. You'll
be much surprised that it's not just for the healthy.
You can use it on gym memberships. I use it
on You could probably use it on massages if you
looked it up. You know, I'm not an absolute expert
on all this, but there's a lot of provisions, gym memberships,

(01:27:23):
running shoes. I mean, there's certain things that you can
use for HSA purchases. Even on Amazon, there's a whole
category you can sort just by HSA items. And if
you're going to be spending which most people do, when
you look at all those items more than forty three
hundred or eighty seven hundred, I think it is for
families you should be maxing out that HSA and spending

(01:27:43):
out of it, because that is now at least four
eight thousand dollars that the government isn't taxing you on.
It might sound like peanuts, but do that over thirty years,
it's not going to be peanuts. Don't let them eat
away at you from eighty different sides. We all know
they do. You get triple, double, quadruple taxed. This is
just one way to make sure that they don't do
it more.

Speaker 4 (01:28:03):
And even if you even if you don't invest the
funds right, you can just throw forty three hundred dollars
in there and just use it as a typical debit
account and it right away, right, and just make sure
you grow make sure that they're using it on HSA
eligible items. Like Todd said, they have opened that door
to so many options. I mean gym memberships, smoke secession things.
There's thermometers, hearing as, batteries, blood pressure memeters, toothpaste, toothpaste,

(01:28:28):
pretty much anything that you could think of other than
cosmetic stuff.

Speaker 2 (01:28:32):
So just to clarify, we're using then pre tax money
to pay medical bills. What HSA is pre tax money.

Speaker 3 (01:28:40):
Right, it's money that you're otherwise spending on other things
that you're correct, So you're going to get taxed on
something and then get tax on it again when you
pay for something.

Speaker 2 (01:28:49):
Right, So you just said.

Speaker 3 (01:28:50):
What you just said is yes, yes, you get you
get a tax precax money. I don't know why you
asked the question if it's so simple, the.

Speaker 2 (01:28:58):
Simple question that you that you don't need to be
able to answer.

Speaker 3 (01:29:01):
Well, you answered it for yourself because it was that
it's a rhetorical question because it's so simple.

Speaker 2 (01:29:05):
So what's your point that the answer would be yes?

Speaker 3 (01:29:07):
What's your rhetorical point? Then?

Speaker 2 (01:29:09):
My rhetorical point is you're using this money that you're
never going to have to pay tax on to pay
your bills.

Speaker 4 (01:29:14):
Yeah, you just get a deduction off of it. It's
pretty great.

Speaker 3 (01:29:17):
Yeah, and you're going to not pay taxes on the outside, right,
getting double taxed? Right, you are going to have pay
sales tax after you're already taxed on income. Like, that's ridiculous.

Speaker 4 (01:29:29):
I thought it was really interesting that it opened up
the door to like acupuncture, chriopractic care, and physical therapy.
I mean, you use it for your physical therapy, don't you.

Speaker 2 (01:29:37):
It's a lot of things you can use it for.
Most employers offer an hs A plan, at least in
my experience, most of the employers I've worked for have
offered HSA well I takes advantage of because they don't
understand it well.

Speaker 3 (01:29:49):
Some offer f essays and those are a little different, right,
because it's used it or lose it if you don't
use it in that year. I'm not sure where the
money actually goes. I'm not too sure, but you lose
it apparently. You know, I never had an.

Speaker 5 (01:30:02):
F s A.

Speaker 2 (01:30:02):
They probably paid to you in this tax.

Speaker 3 (01:30:03):
Maybe it's tax right, that's that's probably would seems like
that seems reasonable, right, But yeah, the FSA is a
little different. H you say, they have the same eligibility
purchase list that you can choose from, but the FSA
you you got to use it in that year, where
the HU say you can let it grow.

Speaker 2 (01:30:18):
And I've talked about before on the show, and I
just this kind of makes me think of it. If
you are in Medicare Plan F as in Frank and
are able to get out, and you have to be healthy,
you have to be able to pass the physical to
get out, get out. The only people that are in
Plan F are people that cannot get out, and as

(01:30:40):
a result that pool is diminishing. Those premiums are going
to keep going higher and higher and higher. If you
can get out, please get out, get into Plan G.
If you want someone to talk to, give us a call.
We can point in the right direction. But there's a
few certain certainties in life. If one is to do

(01:31:01):
a roth the four to one K if it's available
to you. Number two is get out a Plan F
if you can, And like Todd, is the HSA HSA right, Yeah.

Speaker 4 (01:31:13):
Do you ever think that the deduction that you gets
by investing into the pre tax four one K side
will outweigh the benefit.

Speaker 2 (01:31:20):
I can't imagine.

Speaker 4 (01:31:21):
I can't imagine it either. No, especially if you're investing in.

Speaker 3 (01:31:25):
Well, it's caveat for someone that's under fifty or something.
I mean again, like you can imagine someone that's got
a huge lump some distribution for the last three years
of their income, they're in a huge tax bread. Yeah,
you want to hide as much money as you can,
will not hide. We don't mean to hide. Put money
in four to one k and then not defer it
as much as you can, because then in a couple
of years you might be out of twenty four instead

(01:31:46):
of a thirty six. That there is certain gaps where
it can make sense for sure to do the pretax.

Speaker 4 (01:31:53):
Would you advise the same thing for somebody that's not
invested into let's say that they're just invested into bonds,
money markets, they're not as aggressive within their accounts. You're
you telling them to rather take the tax deduction.

Speaker 3 (01:32:06):
Well, yeah, I mean you'd have a lot of the
tax savings comes from the compound free growth. So if
Uncle Stam's getting a free ride with you, that's why
the IRA is annoying and the pre tax is annoying,
because the harvest is much more valuable than the seeds
you put in.

Speaker 2 (01:32:20):
Well, the reason that the only reason to do an
ira or for one K traditionally is to forget the
tax deduction, right, so you're not taxing in the current year.
I promise you, as someone who's down the road, when
you get down the road, you're never going to remember
that amount of money. That's small amount of money you saved,
but that amount of money, historically speaking, is going to

(01:32:40):
more than double every ten years, and when you get
to the end of the road, that's going to be
a giant pool of money that's never going to be taxed.

Speaker 3 (01:32:48):
It's the same thing with investing. It's like if you
just did two hundred dollars a month forever, like since
you were really young, it's not going to seem like
a lot, but at the end of it, it's going
to be a lot. So over the course and you
stay disciplined, little right decisions lead up to a great decision.

Speaker 2 (01:33:05):
Yeah, I did not have wroth flor one k is
available to me during my prime earning years, but I wish.
I'm glad I didn't because I probably wouldn't have taken
advantage of it, and I'd be kicking myself. Now, why
anyone would do a traditional four one K versus a
wroth for one k is beyond me. I agree, it
just makes no sense.

Speaker 5 (01:33:25):
The company's match will still be pre text because the
company gets a tax deduction. So you technically, if you
open a roth for on k through a company, you'll
probably have two because they're gonna have a pre tax
portion and a rough portion.

Speaker 2 (01:33:38):
That's a good point. That's a very good point.

Speaker 5 (01:33:40):
Either way, you'll have pretext growing. But yeah, it's becoming
much more popular the last few years to have a
roth for one K through a big company, so take
advantage of it for sure. But also you can contribute
up to thirty thousand dollars if you're over fifty.

Speaker 4 (01:33:53):
And also if we're gonna get all these technological advancements
and we're gonna start living longer, it's gonna have the
social security and you start investing ourselves.

Speaker 2 (01:34:03):
Yeah, I think solid security these days are numbered. I
think it's good they're going to have to do something,
and they should have over the last twenty twenty five years,
and again I could see this happening and didn't understand
why politicians weren't doing anything about it and I still
haven't gotten a response. By the way, to my email
about the W nine, I'm guessing that whatever president would

(01:34:27):
have been in power in the last thirty years, they
wouldn't have responded to my email.

Speaker 1 (01:34:31):
Well, I've been in France.

Speaker 5 (01:34:32):
I mean they increased the full time or the retireman
age to get your pension and they had a huge uproar.
So that's probably what happened here. Is you make it
from sixty two to say the first time you can
take it sixty seven, which is what they needed to do,
it's going to be an uproar.

Speaker 3 (01:34:45):
They are going to get They had another uproar.

Speaker 5 (01:34:49):
No, no, this was years ago. Okay, well they are
protesting something else, but it's not about that. It's gonna
piss people off, and you don't want to be the
politician to piss a bunch of people off about their money.

Speaker 2 (01:34:58):
By the way, new sixth part show on Netflix called
Hostage worth watching, gotcha. It's about England and France and
it's a it's a high high movement. It's a it's
a it's a good show. What was the record to
mention me by a friend, I watched four parts, so
the first four parts are are pretty good. So if
you're looking for something to do this week and escape
on the Netflix, I think you like it. Sounds good

(01:35:21):
kind of different. Uh. Anyway, we're coming to the end
of the show. Anything last words for the crowd.

Speaker 3 (01:35:26):
Go Badgers, go choose I bad one to O.

Speaker 2 (01:35:30):
We're hoping to hoping for want to know.

Speaker 4 (01:35:32):
And to beat Todd's old school.

Speaker 3 (01:35:33):
Oh yeah, they're playing Mount View High School.

Speaker 2 (01:35:35):
Oh they are a yeah? Well mom, just any good
this year?

Speaker 5 (01:35:40):
Zero zero?

Speaker 2 (01:35:41):
Well, enjoy football, enjoying the three day weekend, Enjoy all
the football that's going to be on in the next
three days. We're all excited about that. We want to
be happy, we want to be healthy, and what Greenberg
Financial is really trying to be is

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