Money and Politics

The Place Where Money Meets Politics

Hour 2

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Episode Transcript

Speaker 1 (00:00):
Values. You are not New Yorkers. A few moments later.

Speaker 2 (00:05):
But maybe the first step should be go down to
Palm Beach and see what you can bring back home.

Speaker 3 (00:09):
Because our tax base has been eroded.

Speaker 1 (00:12):
So I feel like we don't have a problem.

Speaker 2 (00:14):
It is like I have to look at the fact
that we are in competition with other states.

Speaker 1 (00:21):
The only place where money meets politics. And now here's
the Financial Guys.

Speaker 4 (00:38):
Welcome back. Hour number two here on the Financial Guys
radio show. Mike Sparazza, Mike Lomas, Glenn Wiggle. Spent a
lot of time in the first hour talking about different things.
You know, the conviction of Carmelo Anthony, AI, which we're
going to get back to in a moment. We had
a special guest, Joe DiMarco, joining us from Wings of Hope,
plugging the upcoming TFG Super Cruise night and a barbecue

(01:00):
fundraiser in August. Mike, I know you wanted to plug
the departments. You're always great at this. Do you want
to plug each and everything we do here at the
Financial Guys?

Speaker 5 (01:07):
No. No.

Speaker 1 (01:08):
Wingsflight.org, by the way.

Speaker 6 (01:11):
Wingsflight.org if you want to support that organization. Yeah, and
if you've got an old car, cruise car, whatever, a
cool car, July 7th, Lancaster Speedway. Just stop up, have
a hot dog, a beer, a pop, or whatever. Hang
out with us. Appreciate you coming. There is a bird
right outside our window in the studio here.

Speaker 1 (01:30):
He's awesome. Oh, my gosh. Isn't that what it is?

Speaker 5 (01:32):
A raven.

Speaker 6 (01:33):
A raven, yeah.

Speaker 1 (01:33):
Do you ever get any tricked-up minivans?

Speaker 5 (01:37):
Yes.

Speaker 6 (01:37):
Does Honda Odyssey ever show up with a blower in
the front or.

Speaker 1 (01:40):
Anything like that? I don't think an Odyssey, no. No,
but there's some old school.

Speaker 6 (01:43):
It's funny you said that because I saw an old
VW bus. Those are cool. I thought, that'd be cool
to hot rod that thing, put some big tires on
it and stuff.

Speaker 1 (01:54):
I will blame the department. I'm just kidding around.

Speaker 6 (01:56):
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Speaker 1 (02:05):
Need help with your Medicare? Turning 65? You've got to
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Speaker 6 (02:09):
We have a whole wing just for health insurance, health care, Medicare.
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(02:30):
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Speaker 1 (02:41):
All right, Glenn, do you want to go back to
your clip again?

Speaker 6 (02:44):
Yeah, let's play the Bernie clip again, because I want
people to really understand what the Democrats are proposing here
under at least Bernie Sanders. I can't see all Democrats,
but I guarantee you have plenty of co-sponsors for his bill.

Speaker 4 (02:53):
Oh, yeah.

Speaker 6 (02:53):
Plenty of support for the bill. It's but but I
want you just for a second. Again, if we had
an education system. This would be dismissed out of hand, right?
And it should be. But I guarantee there's a whole
bunch of Gen Xers or whatever they are, Gen Zers
or whatever, millennials, going, yeah, season means a production, just
like they did in New York.

Speaker 1 (03:11):
Yeah, they're cheering on Mondami. Take the building. Who runs
the building?

Speaker 6 (03:16):
That's the question then, right? We'll talk more about that,
but play this clip again. So, you know, it's just
these people just don't get it.

Speaker 1 (03:22):
They really don't.

Speaker 4 (03:23):
I'm going to start it back from the top where
he says he's introduced a new bill.

Speaker 1 (03:26):
Here we go.

Speaker 7 (03:27):
In the coming weeks, I will introduce the American AI Sovereign.

Speaker 1 (03:32):
Wealth Fund Act. Sounds so good.

Speaker 7 (03:34):
This legislation would give the public a direct ownership stake
in the largest AI companies in America.

Speaker 6 (03:41):
Can we stop that again? Can we stop that again? Sorry, sorry, sorry.
So let me tell you how you can do this.
You can buy shares of the company. You can already
have direct ownership. That's what the stock market's all about. And,
by the way, you don't even need a lot of money.
We have clients that have now hundreds of thousands of
dollars with us that literally put $ 50 a month away.

Speaker 1 (04:03):
A month away.

Speaker 6 (04:04):
And that $ 50 can be divided up amongst all kinds
of AI stocks.

Speaker 1 (04:08):
That's right.

Speaker 6 (04:09):
You want to own AI stocks, number one, Starlink just
came public. That's a huge... It's the biggest one there, right?

Speaker 1 (04:16):
Number two... Starlink, along with Anthropic, which is also going
to be coming public, I believe.

Speaker 6 (04:21):
In July or later this year. All kinds of mutual funds.
But they're all going to go into these indexes. So
keep in mind for a second. Everyone's like, I got
to have Starlink. I want to buy Starlink. I want
to own Starlink. Most likely, anybody who has investments in
the stock market is likely going to own Starlink.

Speaker 1 (04:37):
And I'll tell you why.

Speaker 6 (04:38):
Because they changed the rules for inclusion into the indexes.
It used to be three to six months, depending. Now
it's 14 days. So literally two weeks from now, if
you own the QQQ, it's the NASDAQ 100. If you
own the S & P 500 in any flavor, whether
you own it via a Vanguard fund or an ETF

(05:00):
or a spider or whatever, however you own the S & P,
your 401k, right? Whatever is going in there, right? So
Starlink is going into these indexes in two weeks. So
in two weeks, you're going to have, quote unquote, a
direct ownership in Starlink. But finish this clip, because I
really want people to understand what he is saying here.

Speaker 1 (05:22):
It's lunacy is what it is. Not on profits, but
on stock.

Speaker 6 (05:30):
Backing up just a smash. Backing up just a smash.
First of all, the American AI Sovereign Wealth Fund sounds
so good.

Speaker 1 (05:39):
So good. Man, give me some of that.

Speaker 6 (05:42):
That's where the Democrats are awesome. There will be no wealth.
I guarantee you that. It should be called the AI
Destruction and Wealth Confiscation Fund.

Speaker 4 (05:50):
Right.

Speaker 1 (05:51):
That's what it should be.

Speaker 6 (05:52):
They actually, if you look back, by the way, at
just the stock market and you think about the tech boom,
And what ended that, it was Billy Clinton talking about
breaking up Microsoft and all these companies, which they got
in line after that.

Speaker 1 (06:04):
Like, Microsoft and all of them said, okay, we get it.
We better start voting Democrat. That's right. And they'll leave
us alone. And that's exactly what they did. That's exactly
what they did. And then the new phase of that, Google, Facebook,
they were on board from the get-go.

Speaker 8 (06:14):
Oh, yeah.

Speaker 1 (06:14):
Like, what do you need? What's it going to cost?
I've got a blank check here. You just tell me.
In fact, I'm just going to give you the blank check.
You fill it in. Let me know. No problem.

Speaker 4 (06:24):
Right.

Speaker 6 (06:24):
So anyway, but yeah, just back to some, I want
people to really understand that this is crazy.

Speaker 1 (06:29):
Say it again. Just say it again.

Speaker 4 (06:30):
Um, by the way, we've gotten eight seconds into this clip.
I just want to point out.

Speaker 1 (06:37):
We did, by the way, we'll turn off the microphone.
We made a strong commitment not to do that too.
Right before we're like, we're going to want to play
for a little bit.

Speaker 4 (06:44):
Damn it.

Speaker 1 (06:44):
Just wanted to let you know. Okay.

Speaker 4 (06:46):
Moving on.

Speaker 1 (06:46):
Here it goes. Eight seconds. That's a long time.

Speaker 7 (06:49):
This legislation would give the public a direct ownership stake
in the largest AI companies in America through a one
time 50 percent tax, not on profits, not on stock.
It would do two extremely critical things.

Speaker 1 (07:09):
Let's hear it.

Speaker 7 (07:11):
It would give the American people a direct role in
determining the future of this technology.

Speaker 6 (07:18):
Oh, I see.

Speaker 7 (07:18):
No longer would the future of AI be dictated by
a handful of big tech oligarchs.

Speaker 1 (07:24):
I say Al Gore.

Speaker 4 (07:24):
Oligarchs.

Speaker 1 (07:28):
What's the second thing, though? What was the second point? Oh,
here comes number two. Number one.

Speaker 6 (07:32):
So every American is going to be on the board then, right?
They're all going to make decisions collectively. That's how it's
going to work.

Speaker 1 (07:36):
That'll work out well. That's going to be great. That'll
work out.

Speaker 5 (07:38):
Oh, no.

Speaker 1 (07:39):
No, I think they're going to elect people to make those.
Like Bernie. Bernie will help make those decisions because they
always make great decisions, right? These politicians. Yeah. They've run
so many companies. I believe this is number two coming out.
Second point. Second point. What else is going to do
for us? What they want.

Speaker 7 (07:52):
Secondly, it would guarantee that the trillions potentially created.

Speaker 8 (07:56):
By AI are used to improve the lives of all
of us, not simply to make the richest people on
Earth even richer.

Speaker 1 (08:07):
Isn't he the richest people on Earth? Pardon my ignorance, though.
Pardon my ignorance.

Speaker 4 (08:11):
If you do a one-time 50% tax one time, what
does that.

Speaker 1 (08:16):
Have to do, though, Of equity.

Speaker 4 (08:18):
With like 30– I know, but is that done right
up front or is that done down the road? Yeah, 50%.

Speaker 1 (08:23):
No, no, no. 50% tax one time. Just one time.
Just one time.

Speaker 6 (08:28):
They're taking– he's proposing to seize the equity of ownership
of half of these companies.

Speaker 4 (08:34):
No, no, no.

Speaker 1 (08:35):
I'm sorry. Let me rephrase that. He's seeking to seize half.

Speaker 6 (08:39):
Of the equity of all of the AI companies, not
half of it, half of the equity of all the
AI company, half of the ownership of all the AI companies.

Speaker 1 (08:48):
I wonder who gets to determine whether it's AI or not. Well,
he does.

Speaker 6 (08:52):
So if I'm a fast food company and I'm using
AI to now re-gear everything, is that considered fast food?
I mean, honestly, it's an absolute joke. He's talking to
people who are just so economically illiterate that it's not
even funny, right? And the best part about him, we
say this all the time, the best part about him
is the dude's rich.

Speaker 1 (09:12):
The dude's got three homes.

Speaker 4 (09:13):
Four.

Speaker 1 (09:14):
And an Audi. He's on four now. Clinton bought him
that fourth one, I think. He's on record saying, I
can't fly privately. I'm a senator. And not a low-level Audi, either.

Speaker 3 (09:25):
Right.

Speaker 6 (09:26):
Not the entry model here.

Speaker 3 (09:28):
No, no.

Speaker 1 (09:28):
He didn't buy the basic Windows still. The base package.

Speaker 9 (09:32):
Yeah, no.

Speaker 6 (09:32):
No, this will do two things all right. Number one,
it will absolutely destroy AI.

Speaker 1 (09:37):
It will..

Speaker 6 (09:38):
AI will cease to exist.

Speaker 1 (09:42):
Wherever we are right now, we'll just be reverting. It'll
get worse. Maybe. Maybe China will dominate it.

Speaker 10 (09:48):
Oh, no, no.

Speaker 4 (09:49):
Right.

Speaker 6 (09:49):
But for us, it'll get way worse. I want you
to think about Venezuela. Hugo Chavez said the exact same
thing to the people of Venezuela, and he convinced the
people of Venezuela, of majority of them to vote him
into office. What he did then is exactly what he
said he was going to do. He sees the oil fields.
He kicked, I never forget this. We were just starting
our financial guy's office. What he literally, I remember he

(10:11):
kicked out, I think it was, uh, uh, uh, X
now is next. It wasn't that Exxon Mobil. It was
a huge oil company, uh, that they kicked out. Literally,
it's like, you're out. He just took, he seized, literally,
their oil fields. I thought, how could he do that?

Speaker 1 (10:24):
These are private corporate assets. But he did it.

Speaker 6 (10:27):
He basically kicked the companies out that were running the
refineries and running the oil rigs.

Speaker 1 (10:33):
He kicked them out of the country.

Speaker 6 (10:35):
And he put his buddies, his bureaucrats, government officials, their
friends and family program. And we see the incompetence in
a lot of these areas, right? When people like Poland
Kars are appointing friends and family to do the Erie
Net and things.

Speaker 1 (10:47):
Like that, right? So what happened?

Speaker 6 (10:49):
Well, immediately, the oil, it didn't make the people of
Venezuela rich. It made them energy scarce is what it did.
It made them poor. Venezuela, at the time that he
said that, just like Bernie Sanders said, literally, Hugo Schadfest
said the exact same thing.

Speaker 1 (11:06):
We are the wealthiest country in South America. We've got
to put the clips together.

Speaker 4 (11:09):
I know.

Speaker 6 (11:09):
That's what we've got to do. We've got to get
those clips and put them together. But he speaks Spanish
in his clips, so we've got to somehow translate it.

Speaker 1 (11:14):
So we... So we, uh, so you know, a little Spanish. Yeah.
My daughter does. So, but, but, but literally, I know,
I know.

Speaker 6 (11:23):
You heard that story, right? You heard the poquito story, right?
You guys have heard that story. I've never told you
the story.

Speaker 1 (11:27):
I just thought, I just thought I'd order a beer.
So I'm down in Florida. I need to get my haircut.

Speaker 4 (11:31):
Right.

Speaker 6 (11:31):
So I, and I, I've gone into fantastic sands right
now to get it.

Speaker 1 (11:34):
It's before I met my, my person.

Speaker 6 (11:37):
And so I went in there and, you know, normally
they speak some English, some Spanish, but I got a, a,
a nice woman who didn't speak really any English at all.

Speaker 1 (11:45):
And so..

Speaker 6 (11:46):
I had a working with a landscape guy that I
had hired to do some of the trimming around the
property in Florida. And he was helping me learn some words.
And so I had learned poquito, which means a little bit.
Like trim the bushes a little bit, right? He was
telling one of his guys, just a poquito, right?

Speaker 1 (12:00):
Okay. So I'm like, oh, I'm going to use this, right?
So she's asking me how I want my hair. I said, oh,
I got it. So I'm trying to, you know, we're
trying to go. So I said poquito.

Speaker 6 (12:09):
Come back with no eyebrows? No, no, no, no. She
takes out the clipper on like number zero or whatever.

Speaker 10 (12:15):
She goes, hmm.

Speaker 6 (12:18):
Shortest haircut of my life. I meant cut a little bit.
She thought leave a little bit.

Speaker 1 (12:24):
Words matter. Words matter. So anyway. It could be two things.

Speaker 6 (12:30):
So we'll get Carly to put the clips together for
us and we'll have it translated.

Speaker 1 (12:37):
But he said the same thing. He said we're going
to have right away. They ran out of oil.

Speaker 6 (12:41):
Right off the bat. So right off the bat, we're
going to seize the oil fields. They took the oil
fields and they ran out of oil immediately. Eerie net here.
And for those of you that don't know whether it's Rochester,
because I'm sure you're going through the same deals, they
were going to provide internet to everybody. And they made
it like four miles over like four years, millions of dollars.

(13:01):
And the county executive here isn't bright enough to figure
out why it didn't work.

Speaker 1 (13:07):
But it will. This time it will. They're looking for
more money.

Speaker 5 (13:08):
Oh, yeah.

Speaker 1 (13:09):
They're looking for more money. They're going to increase it.
It's not one person.

Speaker 6 (13:13):
Just like the Buttigieg charging stations. You know, like, what
are you, seven for billions of dollars?

Speaker 1 (13:18):
Again, billions.

Speaker 6 (13:19):
You should want your money back, folks. We got to
make these T-shirts up. I want my money back. Sign
the taxpayer. Because where'd the money go? You allocated $ 7
billion or something like that to electric recharging stations.

Speaker 1 (13:32):
Where are they? Where's the money?

Speaker 6 (13:34):
At least even if the charging stations are somewhere, we
can maybe at least resell them or something. If I
hire a contractor and I say, okay, I'm going to
give you a down payment and you're going to buy
these supplies. And then I give them the money. And
I show up at the work site. There's no supplies.
And he says, you know what? We need more money
for more supplies. My first question is going to be,

(13:55):
I want my money back or go find the supplies.
As a taxpayer, we should be demanding the exact same thing. Hey,
Marky Mark, where's the money? You spent $ 25 million on EerieNet.

Speaker 1 (14:08):
Is there any inventory? Is there a wire? Where is it?

Speaker 6 (14:11):
What do you have to show for it? Could we
salvage something here? Nothing, right? That's the frustrating part. This
thing with Bernie Sanders is pure stupidity, right? And I
can give you a thousand examples, not just– I'm using
Venezuela as the most recent.

Speaker 4 (14:27):
Pick Cuba.

Speaker 1 (14:28):
Pick China.

Speaker 6 (14:30):
You name it. I'll give you the example. Pick old
Soviet Russia. Bernie Sanders is so ignorant. He's like, well,
at least they're lining up. Yes, there's bread lines in Russia,
but at least they have food.

Speaker 1 (14:42):
At least they're eating. No, they don't.

Speaker 6 (14:44):
No, they don't. That's why they're in a line. That's
why they're in a line. Reagan did it so well
with the jokes. I mean, he really connected with people
on a level that very few presidents ever have. And
not only did he connect with the American people, he
connected with the Russian people, too. Like, he really understood
their mindset. Like, they don't want this.

Speaker 5 (15:01):
No.

Speaker 1 (15:02):
They've seen it. They've seen it. They joked about it. Like,
is this it? They call it great jokes.

Speaker 6 (15:06):
Talk to people from Cuba that lost everything. Our buddy Tony,
whose family owned a construction company and did pretty well,
lost every penny of it. All the employees gone. All
the resources gone. All the wealth gone. There was a
few people at the top in government left. Bernie will
be one of them if that ever happened, right? Bernie
will be fine. His homes aren't going anywhere. He'll go

(15:27):
from three to six. AOC, who's not worth millions of dollars,
she'll figure out a way to make money out of
the whole deal. You know who will get screwed? Everybody else.
Everybody else. Good news is you'll all be poor together.
That's how it was in Cuba. That's how it was
in Venezuela.

Speaker 1 (15:41):
That's equity.

Speaker 6 (15:42):
That's equity. Bernie, he's something else, man. He really is.
He is a special breed of stupid. Just like Barney Frank.
Same thing with that. It's like something in that area.

Speaker 1 (15:52):
Where's he from?

Speaker 6 (15:53):
He's from Massachusetts. He's not from Barney's, Massachusetts. He's from, what,
New Hampshire?

Speaker 1 (15:56):
Yes.

Speaker 7 (15:56):
Barney is?

Speaker 1 (15:57):
Yeah. There's something in the water in the New York,
New Hampshire, Massachusetts. Which friends to get homes? I was
talking about wenting. We lost him, by the way. Passed away.
Did he really? Yeah. A month or so ago.

Speaker 8 (16:10):
Really?

Speaker 1 (16:11):
Yeah.

Speaker 8 (16:11):
Yeah.

Speaker 1 (16:12):
Oh, well. Bye-bye. I actually thought of you, Glenn.

Speaker 6 (16:15):
Is this the time you're supposed to talk nice about people? Well,
he had a long life, though. I mean, he had
a good long life. I mean, it wasn't like he
was struggling. He made his money as a politician, telling
everybody else how they can't succeed. You can say the
same thing about half the Republican Party, too, especially John Thune.

Speaker 1 (16:31):
Piece of garbage he is. Anyway, let's talk. Could we
talk markets a bit? I know we have some other
stuff to talk about as well. We got about eight minutes.

Speaker 6 (16:38):
Great time, by the way, to be an investor in
401k plans. A lot of volatility and the markets are up.
So volatility is awesome. Like you looked the other day
and market down 900 points and then back up 400.
That's a great time to dollar cost average into stuff, right?
It's also a great time. to rebalance and be patient

(16:59):
with your money. Too many people, by the way, $ 1, 000, $ 3, 000,
got to put it all in.

Speaker 5 (17:02):
Uh-uh.

Speaker 1 (17:03):
Be patient. Be diversified.

Speaker 6 (17:05):
I know you're helping with a lot of the stock portfolios,
and you just got to be patient.

Speaker 1 (17:12):
I can't stress enough.

Speaker 6 (17:13):
Not to overthink things, not to old-time things, but to
be patient, well-diversified.

Speaker 1 (17:19):
And then, you know, you got gains, you trim them sometimes.

Speaker 6 (17:22):
We're going into a very transitional period of time. And
because of AI, as long as the government doesn't screw
it up, which is a possibility, right?

Speaker 4 (17:31):
Yeah.

Speaker 6 (17:31):
You're talking about a very transformative economy. which is going
to cause a lot of volatility, right? Because we don't know.
We're moving in the uncharted waters. It was just like
when the internet came out, right? There was a lot
of hope and a lot of hype, but a lot
of things didn't really pan out, right? And then, of course,
it needed a step back. It needed some retooling. But

(17:52):
think about where we're at today. Like, we're doing this
broadcast from wherever we want to do it in the world, right?

Speaker 1 (17:57):
We couldn't do that in the 90s, right?

Speaker 8 (17:58):
No.

Speaker 1 (18:00):
Couldn't do that when we started radio. When we were
going to do a live remote, it was..

Speaker 6 (18:04):
The whole bus had to go out there. Yeah, we
weren't on multiple stations like we are now. We weren't
such a big deal. No, we were on WBEN. And
WBEN used to bring the truck. Remember the WBEN van?
With that big, big, giant antenna. And then you don't
want to pull away with that thing. And then these
big cable lines. Remember we did a few live remotes

(18:26):
for charity at Paula's Donuts, which we should... Talk to
Paula and do that again just to see the donuts.
It smelled so good in there.

Speaker 1 (18:32):
Two hours of like, ah.

Speaker 6 (18:35):
And then Paula would say, hey, Mike, let me bring
you in the back and show you our cheese donuts.

Speaker 5 (18:39):
No, no.

Speaker 6 (18:42):
Now, the technology, I mean, the advancements are just so crazy.
But here's what's messed up and why I really believe
we need AI technology. We have such a shortage of labor.
And I continue to use the fast food analogies. And
I'm not going to name names, but you walk into, quote,
fast food restaurants today.

Speaker 1 (19:03):
And everybody says, oh, I don't eat there. Yes, you do.

Speaker 6 (19:05):
I don't eat there a lot, but I do eat there, right?
You walk into fast food restaurants. And the service today
is a hundred times worse than it was. 40 years ago, right?
40 years ago.

Speaker 1 (19:18):
Think about that.

Speaker 6 (19:19):
Like 40 years ago, you could walk in and let's
say you went into a place and you wanted a
cheeseburger and a cup of coffee.

Speaker 1 (19:25):
It was there, right?

Speaker 6 (19:28):
The Kroc brothers. Even money tacos slipped. The Kroc brothers, right?

Speaker 1 (19:31):
Glenn can't get over that. From a service standpoint, not
from a food standpoint. Still A grade, top line.

Speaker 6 (19:39):
You could walk into a place and say, here's my money,
here's my food, bam. And now it's like I i
went into um uh well i'll say mcdonald's right went
into a mcdonald's this is down in oxford mississippi they
shouldn't have a waiting room bringing my daughter back i
wanted a cup of coffee a cup of coffee i
i timed it it was 12 minutes here's your number

(20:00):
here's the waiting room yeah tv i was like.

Speaker 1 (20:02):
Yeah go and get your oil change yeah you want
to come back i'm like Think about that.

Speaker 6 (20:07):
So 40 years before, I could have walked into that
same location and within seconds, I would have been served, right?
Something's wrong when an industry is so much worse. 40
years of prepping this, right? 40 years of advanced technology.
And it takes 12 minutes for me to get a
cup of coffee when 40 years before it took 13 seconds, right?

(20:30):
Something's not right, right? We need AI technology. We desperately
need it. The reason we're short of workers is, again,
because we are a prosperous society, right? The kids, when
we were kids, you know, a lot of kids had
to work. Like, you know, I worked. Mike worked, right? Now,
you know, of course, our kids work too, but..

Speaker 1 (20:46):
You know, let's be honest here. Like if, if, if
one of my kids needs gas, they have my credit card.

Speaker 8 (20:50):
Yeah.

Speaker 7 (20:50):
Right.

Speaker 1 (20:50):
They, you know, they've got that in their wallet. They
can pull over and get gas. You know what I mean?
It's like, I didn't have that.

Speaker 5 (20:54):
Right.

Speaker 1 (20:55):
So, you know, there's, there's, I think it's just a
little different, you know, the kids don't have to work
at McDonald's anymore, so they don't want to.

Speaker 4 (21:01):
Right.

Speaker 6 (21:01):
So, but you think about the change that the internet
brought to our economy and how we live today, whether
it's how we access our news, how we access our
information and, The entire social media genre would not be
here without that transformative technology of the Internet. Right. And
you can say, well, that was a government investment that
did the Internet kind of. You know, there's a lot

(21:22):
of things that come out of the government when it
comes to like a military stuff. Right.

Speaker 1 (21:27):
And whatnot.

Speaker 6 (21:27):
And certainly they've got a lot of money to pour
into things. But the reality of it is, is that
the Internet didn't really flourish. until private people got involved, right?
Until AOL and private companies and private enterprises.

Speaker 1 (21:38):
You know what? Yeah, they built this infrastructure, but we
can do something with this, right? We can make businesses
out of this, right?

Speaker 6 (21:44):
Jeff Bezos said, I can, I remember when Amazon was
just simply selling Kindle books, it was a bookstore.

Speaker 1 (21:51):
That's what Amazon started as.

Speaker 6 (21:53):
Think about the difference that, how we, like that girl said,
you can order something now and have it not only tomorrow,
this afternoon.

Speaker 5 (21:59):
Yeah.

Speaker 1 (21:59):
Which is crazy.

Speaker 8 (22:00):
Right.

Speaker 6 (22:00):
I know we got a break and we'll talk more
about this, but the transformation of AI.

Speaker 1 (22:04):
Oh, sorry.

Speaker 6 (22:05):
The transformation of AI will be similar. Now with the
tech boom, you went through a massive boom from 90
to 99, 2000, and you had a wreck.

Speaker 8 (22:13):
Yeah.

Speaker 7 (22:13):
Right.

Speaker 1 (22:13):
Three years of things that kind of had to figure
things out.

Speaker 4 (22:17):
Yep.

Speaker 6 (22:18):
And so you can look at now, and I said,
these are going to be very volatile times, right? There's
going to be some great days and some tough days.
There might even be a tough year. But I'm going
to tell you, and I'm telling you what I'm doing personally.

Speaker 1 (22:29):
I'm not saying it's right for everybody. But if you're
an equity and long-term investor, buy the dips.

Speaker 6 (22:34):
Now, if you're using this for income and you're drawing
money now and you don't have the risk tolerance, Look
for fixed income, right? But if you're looking at a
balanced portfolio, we're buying the dips. I will tell you that.
We're not buying the dips for October. We're not buying
the dips for November of 2027. We're buying the dips
for 2030, for 2032. And so if you bought in 1999,

(22:57):
let's say, let's say, you know, the NASDAQ, even you
got crushed from 2000, 2003, it took you a long
time to even get back to even, but where are
you today?

Speaker 1 (23:07):
Right.

Speaker 6 (23:07):
I know I'm talking 25 years, but in reality, as
an equity investor, you kind of have to think that way. Like,
where are these stocks? Where is this going to be?
It's going to be a lot of volatility between here
and there. Prepare yourself for it. But don't panic. And
as Mike says, having a balanced and diversified portfolio is
going to help to smooth out that roller coaster and
make it a little bit less nerve-wracking. But if you're

(23:29):
investing in a 401k and we go through a tough year,
increase your contributions. Don't pause them. And God forbid, don't
sell out and go to cash. That's the worst thing
you can do.

Speaker 1 (23:39):
Have a plan. Got to have a plan, folks. 833-FIN-GUYS,
by the way, if you need our help. You want
to walk through our homework process.

Speaker 6 (23:47):
We've got what I call advanced financial planning software that's
simple to understand.

Speaker 1 (23:52):
Lots of pie charts. I love that kind of stuff, right?
Circle charts, little charts. I love it. Big charts. Easy
to read.

Speaker 6 (23:58):
Big, beautiful charts. Big, beautiful charts. Beautiful charts. 833-FIN-GUYS if
you need our help. TheFinancialGuys.com. Don't forget Rochester, folks. Rochester
office continuing to grow. Batavia office continuing to grow. And
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of course, flagship office, Williamsville, New York. 833-FIN-GUYS. Need help with,
don't forget, we're a one-stop financial shop. Need help with

(24:20):
our Medicare team. Turning 65, think of the financial guys.
AHIP-certified Medicare reps that can help. 833-FIN-GUYS.

Speaker 4 (24:28):
I will tease because Glenn and I didn't use them all.
I do have two game show for the final segment today.
So I will play those.

Speaker 1 (24:34):
Glenn and I did not have time last week. Remember
last week when you were like, we're definitely going to
play a game show. Well, Glenn told me he had
some for the radio show.

Speaker 11 (24:39):
Glenn, you got any questions?

Speaker 6 (24:40):
He put that on me.

Speaker 4 (24:44):
So I do have those. If you need us throughout
the week, you can thank us.

Speaker 8 (24:47):
833-FINN.

Speaker 1 (24:48):
Guys, stay with us right here on the Financial Guys
Media Network.

Speaker 12 (24:58):
From the WAM 1180 newsroom, I'm Anthony Panazowicz. The woman
found dead in Gates back on June 2nd has been
identified as a 32-year-old woman. Police positively ID'd Marie Fountain
Williams of Rochester as the woman found next to the
canal parking lot on Lee Road that night. There were
no obvious signs of trauma to her body, but the
cause and manner of her death are currently under investigation.

(25:20):
Nobody is in custody after a shooting last night that
sent a teenager to the hospital in the city. Rochester
PD were called to Cedarwood Terrace just after 10.30 and
found a 17-year-old shot. He was rushed to the hospital
for treatment but is expected to survive. And a motorcyclist
is expected to be okay after crashing into an Amazon
delivery truck on Anderson Street Friday afternoon. The 49-year-old rider

(25:43):
was described to have non-life-threatening injuries but will be ticketed
in the crash just after 5.30. The driver of the
Amazon truck was uninjured. Your 13-way mother authority forecast today,
sunny skies, less humid, but remaining warm, 82 for your high.
I'm Anthony Panaswitz, NewsRadio WAM 1180, next news in 30 minutes,
breaking news when it happens, anytime on NewsRadio, WAM 1180.

Speaker 6 (26:03):
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and estate planning. Instead of juggling multiple offices, you have
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Speaker 1 (26:19):
Because when every piece of.

Speaker 6 (26:21):
Your financial plan works together, you're better prepared for the unexpected.

Speaker 1 (26:25):
Call the Financial Guys, a one-stop financial shop.

Speaker 13 (26:28):
833-FIN-GUYS. Securities offered through Peak Brokerage Services, LLC. Member FINRA SIPC.

Speaker 14 (26:33):
Confused about all the Medicare changes this year? Plans ending,
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to make anyone's head spin.

Speaker 1 (26:42):
Don't stress.

Speaker 14 (26:43):
At the Financial Guys Insurance Agency, we make Medicare easy.
Even if you didn't sign up with us, we'll do
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Speaker 1 (26:50):
To see if your plan still works. Call 866-TFG-METI today.

Speaker 14 (26:55):
That's 866-834-6334. And remember, it's Medicare made easy with the
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Speaker 6 (27:03):
Hi, this is Glenn Wiggle with the Financial Guys. If
you're worried about the stock market volatility and you don't
have a financial plan that guides you through the future,
we sit down with clients day in and day out
and put together a roadmap so that they feel comfortable
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Speaker 1 (27:19):
Having a long-term.

Speaker 6 (27:20):
Approach helps to alleviate some of the short-term anxiety caused
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Speaker 1 (27:26):
Go to thefinancialguys.com. Your future is our commitment.

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They brought you TFG Academy for Kids. TFG Academy for Kids.

Speaker 1 (27:38):
What's the best country ever?

Speaker 11 (27:41):
The financial guys are now pleased to announce our new
daycare and quality leering center. Drop your toddler off for
a day of leering at the TFG flagship office. From
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Speaker 15 (28:03):
Tired of juggling multiple appointments for your financial and insurance needs?
At the Financial Guys One-Stop Shop, we know your time
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Speaker 13 (28:28):
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Speaker 1 (28:33):
Dirtbags, scumbags, and flat-out liars. Well, you don't have to
look far to find them. And on the Financial Guys podcast,
we nail them. I'm Mike Lomas. And I'm Glenn Wiggle.
And the Financial Guys podcast is where money meets politics.

Speaker 6 (28:44):
We'll talk about Wall Street and how the Biden administration
is influencing the economy. We give the sniff test to
the stuff you see all over social media. And if
it smells like BS, it is. The Financial Guys podcast,
new episodes every Tuesday, Wednesday, and Thursday, wherever you get
your podcasts.

Speaker 1 (29:00):
The Financial Guys, where money meets politics.

Speaker 14 (29:03):
Brian Ferracci here from The Financial Guys. If you're turning
65 or planning to retire soon, you need to know
the seven biggest mistakes people make with Medicare. Mistakes that
can lead to costly penalties, coverage gaps, and higher out-of-pocket costs.
That's why we created our free guide, The Seven Biggest
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Speaker 1 (29:24):
Or visit thefinancialguys.com.

Speaker 14 (29:26):
That's 866-TFG-METI or thefinancialguys.com.

Speaker 1 (29:30):
Remember, it's Medicare made easy with The Financial Guys.

Speaker 6 (29:33):
Introducing Pretirement, the essential phase before retirement that ensures you're
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(29:57):
pre-tirement can make all the difference.

Speaker 10 (30:11):
One thing the White House says is everyone who said
Iran can't have a nuclear weapon, we're the only ones
who did something about it.

Speaker 1 (30:17):
Well, no, President Obama did something about it without firing
a shot.

Speaker 11 (30:20):
What did he do?

Speaker 13 (30:20):
He brought them to the table with crippling sanctions. They
gave up their nuclear program.

Speaker 1 (30:24):
The Ayatollah.

Speaker 6 (30:25):
The only thing they were, their backs were crippled by
carrying the pallets of cash.

Speaker 1 (30:28):
Let me make my point before you reflexively refute it.
You're listening to the Financial Guys radio show. All right,
welcome back to the Financial Guys Radio Show.

Speaker 4 (30:38):
Mike Sparazza, Mike Lomas, Glenn Wiggle in studio. We just
talked about some Bernie Sanders there in the last segment.
That's always fun to do because whatever comes out of
his mouth is... If you go to his Twitter feed
and you type in oligarchy, that's a good time. There's
so many. It's hilarious. It's like every other tweet is,
are you oligarchy? Well, Glenn, to be fair, he's on
the tour, the fighting oligarchy tour. He's not just fighting

(31:01):
oligarchy tour.

Speaker 1 (31:02):
On his private jet.

Speaker 6 (31:03):
My favorite part, yeah, on his private jet. My favorite
part is when he talks about this political class.

Speaker 1 (31:08):
They're the oligarchs. He's right.

Speaker 6 (31:09):
He is right for once in that regard. Except it's you, Bernie.
The oligarchy is... you know the the it is our
political class now right the oligarchy is a lot you
know opposed to monopoly oligarchy is a small group of
companies and control of you know the entire industries claiming
ai claiming oil claiming technology everything to him is an

(31:30):
oligarchy you know what's a real oligarchy the fact that
the republicans and democrats are pretty much the same in
screwing the american people that's that's the oligarchy right the
political class if you want to point to an oligarchy
in america the closest thing you're going to find to
an oligarchy is is Bernie Sanders and the rest of
the people like him in Washington, including people like John Thune,
Mitch McCommunist, and the.

Speaker 1 (31:50):
Rest of them, right? That's the oligarchy, okay?

Speaker 6 (31:53):
That's the small group of people that control a vast
majority of what shouldn't be the way it is. So
if you want to fight the oligarchy, look in the mirror, Bernie.
One real quick thing I said earlier about the opportunity
to buy into in the public offering and going into indexes,
I said Starlink, I meant SpaceX. So Starlink is part
of SpaceX. SpaceX owns Starlink, but SpaceX is way more

(32:18):
than just Starlink. I mean, SpaceX is space exploration.

Speaker 1 (32:22):
It's satellites.

Speaker 5 (32:22):
Tesla.

Speaker 6 (32:23):
It's part Tesla, right? It's the AI. It's the brain
part of Tesla, right? Crazy.

Speaker 1 (32:30):
Crazy some of the stuff they're doing.

Speaker 6 (32:32):
But if everyone wants to be a part of SpaceX, again,
they changed a lot of rules for this company. Some
of the rules that they changed were Fidelity, for example,
dropped the minimum investor amount of portfolio size from $ 100, 000
to $ 2, 000, right? They allocated 30% to the public versus
the normal 10%. They're offering immediate inclusion into these indexes.

(32:56):
That tells me there's a lot of insiders that are
going to be unloading a lot of stock. Oh, and
by the way, they also changed the rules to allow
the insiders to sell stock earlier. as opposed to the
normal six-month rule, right? And so lots of things have changed,
which is why we're approaching this with some caution. But
one way or the other, again, if you're invested in
the market in some way, shape, or form, especially through

(33:17):
an index, you're likely going to own this passively through
that index, right? Because SpaceX, not Starlink, excuse me, SpaceX
is going to be added within two weeks to the NASDAQ.

Speaker 1 (33:28):
It's going to be added to the S & P.

Speaker 6 (33:29):
It's going to be added to the large cap index
and so on and so forth, which means it will
be in all the ETFs that are large cap indexes,
most of the mutual funds, all of the indexes that
are growth or have any growth in them, the NASDAQ
and the S & P I just mentioned, the Wilshire,
so on and so forth, right?

Speaker 8 (33:45):
Yeah.

Speaker 6 (33:46):
And so There's a lot of– it's hard to decipher
where this is going to– how this shakes out. We'll
wait till the shakeout, and then we'll see where things settle,
and then we'll probably make our investment. But again, we
own these indexes. We own these ETFs. We own these
mutual fund companies. We're going to own it whether we
want to or not.

Speaker 4 (34:03):
Yeah.

Speaker 1 (34:04):
Right, right, right. Whether we like it or not.

Speaker 4 (34:06):
Right.

Speaker 6 (34:06):
We're going to own it because we have these– that's
the growth side of our portfolio. Unless we want 100% value,
which we don't intend to do, which would be foolish,
we're going to own it. So the public does have
the opportunity to own these. It's just what Bernie wants
is he wants not the public to own it. He
wants the government to own it. That's the difference to
a sovereign wealth fund that you will never see a

(34:28):
penny of.

Speaker 1 (34:29):
You know, we had a big.

Speaker 6 (34:30):
Sovereign wealth fund, social security, right? Lots of our money taken.
Where is it?

Speaker 4 (34:35):
Right.

Speaker 1 (34:35):
Where's my money? Because you want to talk about a crisis.

Speaker 6 (34:38):
We have a crisis where they're literally telling you the
date of when we're going to run out of money.
And the oligarchy in Washington can't figure it out, right?
They can't do anything to solve the insolvency problem of
social security. It's like these clowns are standing on the
train tracks. They see the train coming. And they still
can't figure out between the both sides of these idiots

(35:00):
which direction to step off the tracks.

Speaker 1 (35:01):
Yep.

Speaker 4 (35:02):
Right?

Speaker 1 (35:02):
Incredible. And a long-term track record of saying the train
is coming. It's coming.

Speaker 6 (35:08):
It's going to run you over. Let me tell you
about it. It happened in the 20s, 30s, 40s, 50s.
They don't care. They don't care. That's the oligarchy, folks.
That's because Bernie Sanders is driving the train, right?

Speaker 4 (35:19):
Exactly.

Speaker 1 (35:19):
I don't care who I run over. Exactly. That's exactly.
It's because the politicians are on the train.

Speaker 6 (35:23):
I'm on my way to my first house, my second house,
my third house, my fourth and fifth.

Speaker 1 (35:27):
That's right. And oh, by the way, I'll throw a
few Audis in the back. That's right.

Speaker 6 (35:30):
It doesn't matter because the oligarchies in Washington, the oligarchs
in Washington are driving the train.

Speaker 2 (35:34):
Mm-hmm.

Speaker 4 (35:36):
Real quick, we talked about earlier in the show the
Carmelo Anthony situation and conviction. Matt Walsh just knows how
to make me laugh sometimes. Glenn, I know you follow him, too.
He says, this is so devastating. Imagine being a black
parent tonight. How do you protect your children? If they
go out and stab just one person, they might go
to prison. It's like a black man in America can't

(35:58):
even murder anyone anymore.

Speaker 1 (36:00):
Unimaginable. Jim Crow all over again. I'm furious.

Speaker 4 (36:03):
He's kidding, but that's what we're dealing with.

Speaker 6 (36:07):
That's what the other side sounds like. When I hear
some of the Cardi B and What's Your Moron, that's
what they sound like. What am I going to tell
my black son or daughter? How about not stab somebody? Yeah, like,
stay out of the gangs. Don't stab anybody. Yeah, just
don't commit crimes and you'll probably be all right.

Speaker 1 (36:25):
The Babylon Bee. Can't shoot or stab anybody. This is ridiculous.
What is this coming to? The Babylon Bee had a
good one, too. Because of the oligarchy. Damn oligarchy.

Speaker 4 (36:35):
The Babylon Bee puts out Carmelo kicking himself for not
converting to Islam and stabbing someone in the UK.

Speaker 1 (36:43):
Seriously.

Speaker 4 (36:43):
Also very true, right? I mean, like, these are meant
to be funny, but it's literally what we're living through
right now.

Speaker 6 (36:48):
No, but that's why satire is so funny, because it's
so close to the truth.

Speaker 1 (36:52):
And literally in Britain, they..

Speaker 6 (36:55):
In Ireland now, they had a tragic situation in Ireland
where an immigrant was trying to cut somebody's head off
in the middle of the street.

Speaker 1 (37:02):
Oh, my gosh.

Speaker 6 (37:03):
And the politicians say, we have to do something. Not
about the immigrants.

Speaker 7 (37:07):
No.

Speaker 5 (37:08):
No, no.

Speaker 1 (37:08):
We have to be able to keep these things off
of the news.

Speaker 4 (37:11):
Right.

Speaker 1 (37:11):
So that people don't see them.

Speaker 5 (37:12):
Right.

Speaker 1 (37:12):
The guy lost his eye. So scary. Sadly, he's alive. Now,
they start having protests in the country.

Speaker 6 (37:21):
When the protest against the things that they don't like
the government doing, the government comes out immediately in force
in places like Ireland and Britain. Now, they rolled out the...
Can't even cut a guy's head off anymore.

Speaker 1 (37:33):
I know. The media being there.

Speaker 6 (37:34):
But their MRAPs with their water cannons or whatever, their
big vehicles, they rolled out their government vehicles, not for
the migrant protest.

Speaker 1 (37:42):
No, no, no, no. For the actual Irish men and women.
Europe's got a serious, serious problem. Oh, yeah, yeah. They're
in the phase where we'll be in 20 years.

Speaker 6 (37:52):
And Trump is absolutely right to put this America First policy,
which is realigning global power in our favor as Americans.
I am 100 percent supportive. And so just for a
second to talk about the Middle East and Iran and
what's going on. And Trump did the press conference this
week where he said, I like inflation because it's going
to go the other way, right? That's a double-edged sword. And,

(38:14):
of course, the media seizes on it. He likes inflation.

Speaker 1 (38:17):
He wants to hurt American people. The reality of it is—
Poor people can't afford groceries. It's his fault.

Speaker 6 (38:21):
Look, when oil prices or gas prices were $ 4 or
$ 4. 50 at the pump during Biden— It was because of
government policies that put us there. It was because Biden
killed the Keystone Pipeline, which, by the way, is gone.
All the work and effort that went into the Keystone Pipeline,
all the easements, all of the construction, all the work,

(38:42):
all of.

Speaker 1 (38:43):
That is gone. I was asking a grok this morning.
Why didn't we restart that?

Speaker 6 (38:48):
And the answer was because to go back and get
all of those easements again, to get all of that,
not to mention the contractor who's going to build it,
he's gone, right?

Speaker 1 (38:56):
They've left.

Speaker 6 (38:57):
They abandoned the project. So he also took away drilling permits, right?
When Biden came into office, within the first seven days
in office, he opened up an all-out assault on American
energy independence. As a result, we had gas prices went.

Speaker 1 (39:13):
To $ 4. 50.

Speaker 6 (39:14):
That was our doing, right? In this particular case, yes,
we have $ 4. 50 oil prices. Yes, that sucks. Trump is
doing everything he can to change that. But we didn't
create that situation, right? Trump didn't send a, a, uh, uh, Iran, uh,
a pallet of cash with billions of dollars on it.

Speaker 7 (39:34):
Right.

Speaker 6 (39:35):
You know, he didn't, he's not the one who, who
looked the other way while the, while the joke of
the atomic, whatever the nuclear, you know, international community, when
I'm like, Oh, it was good over here, you know? Um,
You know, he's cleaning up a mess. Now, as I
said before, I believe that he would never have fired
a single shot had it not been for Israel.

Speaker 1 (39:54):
And they admitted it.

Speaker 4 (39:56):
Right.

Speaker 1 (39:56):
They walked it back, but they admitted early on. And
it is the truth.

Speaker 8 (39:59):
Right.

Speaker 1 (39:59):
Because, you know, Israel went in. And the response was, we.

Speaker 6 (40:03):
Know that Iran is going to hit all the other targets,
and we have to help.

Speaker 1 (40:07):
So I feel like we were pulled in.

Speaker 6 (40:09):
But now that we're in, Trump, well, we're going to
use this as an opportunity to put America first.

Speaker 1 (40:14):
We've been talking about this for 60 years. Finish it.

Speaker 6 (40:17):
So now, but with the oils, now he's like, so
now we have this downed helicopter. He mentions during the
press conference Wednesday that, well, I could they found out
about it.

Speaker 1 (40:27):
So I can tell you now we're stealing that stealing.
We are. But that's OK.

Speaker 6 (40:32):
We're taking millions of barrels of oil from Iran. He's
going to take the island soon, which is the right
thing to do now. We're doing it at night. He's like,
we're turning the lights off. We're moving the ships out.
We're taking this oil at night.

Speaker 1 (40:44):
Millions of barrels.

Speaker 6 (40:44):
That's why oil prices are down to $ 85 a barrel.
He's openly saying that because he's like, the Iranians have
found out now. I've been dying to tell people this,
but now I can say it because they found out.
I think what happened was something happened with that helicopter.
Maybe a drone hit it or something, an Iranian drone.
But we were doing things at night moving out oil.
They were trying to figure out what we were doing.

(41:06):
There was an accident at night. Thank God nobody died.
We were able to rescue the two pilots with a
really cool drone boat, which is awesome.

Speaker 1 (41:12):
So cool. So cool, right? That technology is nuts, man.
The cat's out of the bag. What does the media
seize on? We're taking their oil.

Speaker 5 (41:20):
What do we do?

Speaker 1 (41:20):
We're taking their oil. You know what? Shame on us.

Speaker 6 (41:22):
It's about time. It's about time. They owe us billions
and billions of dollars. They've bombed our embassies. They've killed
our people. They took our troops. I don't care if
it's stealing.

Speaker 1 (41:33):
Take it all. That's what I have to say. Every
bit of it.

Speaker 6 (41:36):
What will end up happening is more jobs will be
created there. Take it all for now. Here's how you
get it back, Iranians. Vote for an actual legitimate government
that's not going to— A stabilized government.

Speaker 1 (41:46):
That's not going to sponsor terrorism.

Speaker 6 (41:47):
And then we will get— everything that you have in your
country is yours. You develop your oil fields and you
develop it for the good of the— When you're not
spending your days trying to recreate the West. But what's
going to happen in Venezuela is we're bringing back in— ExxonMobil.
We're bringing back in, you know, Shell Oil and all these.
We're bringing back in oil. Americans aren't taking it now. Now,

(42:10):
we run the oil field.

Speaker 1 (42:10):
No, no, no, no, no, no.

Speaker 6 (42:11):
We're taking the oil field back from the Venezuelan government
and we're bringing in private sector oil and gas companies
like Halliburton that know how to do this stuff.

Speaker 1 (42:20):
By the way, it will create All kinds of jobs.
All kinds of prosperity.

Speaker 4 (42:25):
Yes.

Speaker 6 (42:25):
And that's how the grocery stores get back to being
grocery stores in Venezuela. That's how we get back to
where Venezuela was one of the most prosperous places in
the world, right?

Speaker 1 (42:36):
Same thing with Iran. The exact same playbook. It works.

Speaker 6 (42:39):
Take the oil fields, turn it over. to private companies,
but you've got to have a stable government first. That's
why Trump... Now I can put all the pieces together. See,
people take one thing Trump says and they twist it
because they're not seeing the big picture, right? Only Trump
has the big picture, of course. And so when Trump's saying,

(42:59):
I'm not in any rush, why would I be in
a rush?

Speaker 3 (43:02):
Why?

Speaker 6 (43:02):
I don't have to rush. We're no rush to get
these negotiations done. Well, why weren't we in a rush
to get the negotiations done? Because we were taking their
oil by the millions of barrels.

Speaker 1 (43:11):
That's right.

Speaker 6 (43:11):
Awesome.

Speaker 1 (43:12):
Right.

Speaker 4 (43:13):
Right.

Speaker 1 (43:13):
Awesome. We'll offset the cost. Look it. And he's right,
by the way.

Speaker 6 (43:17):
He says when this conflict's over, if we've got that oil,
you've got supply. Yeah, it's going to go down. Like
a rock, it's going to drop. So when he says,
I love inflation, he means because we've seen the peak
of it. Now we're going to go the other way. However,
the negative side is that right now we still do
have high oil prices and gas prices. And that's not
good for businesses or America in general, and it makes

(43:38):
it tougher.

Speaker 1 (43:39):
It puts pressure on the economy. It also puts pressure.

Speaker 6 (43:41):
On the Fed, who is really not going to be
able to cut rates here as long as prices are.

Speaker 1 (43:46):
The way that they are. Nor should they, by the way. No, no,
should they. No need to.

Speaker 6 (43:50):
I love Trump when he's talking about– Rates need to
be lower. Well, the market should dictate. You don't even
need the Fed. The market should dictate that. But the
market is telling us right now that, hey, the housing
market is still fairly strong. It's come back in some places,
which it should.

Speaker 1 (44:05):
It got ahead of itself in places like Florida.

Speaker 6 (44:08):
But, you know, it's funny how we complain about 6%
mortgages when, you know, that's historically where we should be.

Speaker 1 (44:16):
Back to that letter that girl wrote. Like, never seen
the other side.

Speaker 6 (44:19):
I mean, some of these, again, if you're a millennial
or whatever, you've grown up with literally 3%, 2.5% mortgage
your whole life.

Speaker 1 (44:26):
Now 6% is like, oh, my God. Yeah, can't do this.

Speaker 6 (44:29):
My first mortgage was 6%. My parents' mortgage, of course,
was way higher than that. Mine was like 8%. I
thought it was a genius. Like, I could negotiate some
better deal because I had a finance degree.

Speaker 1 (44:37):
Yeah. Yeah, but you look back and you're like, what
was I doing? I'm in the bank going back and forth. No, sorry. No,
you're going to make this point. That's what it's going
to be. It's going to be. If you need us
throughout the.

Speaker 6 (44:48):
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Don't forget about our home and auto department. Give us
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(45:12):
I'm thinking of some of the calls and emails we
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So And, of course, Medicare. Maybe you picked the wrong plan.
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Speaker 4 (45:38):
All right. We're going to go to a short break,
and we're going to come back with some game show.
If you need us throughout the weekend, it's Mike's point, 833-FIN-GUYS, financialguys.com.

Speaker 1 (45:46):
Stay with us. One more segment to go here on
the Financial Guys Radio Show.

Speaker 6 (45:49):
Rochester's Severe Weather Station.

Speaker 1 (45:51):
News Radio, WAM 1180.

Speaker 9 (45:54):
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Speaker 1 (45:58):
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Speaker 13 (46:16):
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Speaker 6 (46:24):
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(46:46):
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(47:16):
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Speaker 1 (47:38):
Pop into our Williamsville office today.

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That's 833-FINGUYS or thefinancialguys.com.

Speaker 13 (47:44):
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Speaker 1 (47:49):
The Financial Guys. Right on. Right on. Right on the money.
News Radio. Wham!

Speaker 5 (47:55):
1180.

Speaker 4 (47:55):
With the ongoing genocide of MMIWG2SLGBTQQIA +.

Speaker 1 (48:02):
President Trump? I really don't know what he said at
the end of this.

Speaker 16 (48:06):
I don't think he knows what he said either.

Speaker 5 (48:08):
Look.

Speaker 1 (48:09):
You're listening to The Financial Guys Radio Show. All right,
welcome back to Financial Guys Radio Show.

Speaker 4 (48:17):
Final segment today here on the Financial Guys Media Network.
Mike Sparazza, Mike Lomas, Glenn Wiggle all in studio. Guys,
a team game show.

Speaker 1 (48:25):
I actually have three. Ann, are you playing? Sure. Ann
is playing. Okay. Ann, is her mic on, Ann?

Speaker 4 (48:33):
Ann, your mic's on?

Speaker 5 (48:33):
Is it on?

Speaker 1 (48:34):
Yeah, it's on. I can hear you. You have music
on because yours is always better. Oh, yeah, yeah, yeah.
Do you have music over there?

Speaker 4 (48:39):
Yep, yep.

Speaker 1 (48:40):
When we do live, we got to figure out why
the music's not working. I know, it's crazy. Like during
the week, you mean?

Speaker 4 (48:45):
Yeah, like on Beamer and stuff.

Speaker 1 (48:49):
Sorry, live. When we fill in during the week, the
music doesn't work.

Speaker 4 (48:52):
It's Zoom.

Speaker 6 (48:53):
It's something with zoom there's a setting in zoom we
gotta figure that out we gotta figure that out i
forget we when we fill in on a wham or
uh wben the game show doesn't work but it's going
through the zoom i forget the stuff i put on
here that's absolutely hilarious so we play we play game
show music during the week and we're all nodding our
heads and they can't hear it we're.

Speaker 4 (49:12):
Bebopping in studio nobody has any idea yeah they're like
they gotta be like we're like oh this is such
happy music we're driving around the car like what the
i get use these more often there's so so many good.

Speaker 1 (49:21):
Ones there oh that's a good you're.

Speaker 6 (49:25):
So this is this is great that's uh that's uh
uh famous actor there.

Speaker 1 (49:32):
I can't think of his name either. Craig, can you
milk me? You should watch that movie, though. Soylent Green.
Could you milk me? I have nipples, Craig.

Speaker 3 (49:41):
Can now.

Speaker 1 (49:42):
It's 2026. Oh, game show.

Speaker 6 (49:43):
I was supposed to do a game show. Just simply
flipping through the board, I get sidetracked. Suddenly dinner girls'
nipples do milk people now.

Speaker 1 (49:52):
Apparently.

Speaker 4 (49:53):
Okay shapes and sizes and forms here we go all
right and then too all right and is in so
this is going to be is this real or fake
all of my games are going to be this today
is this real or fake number one podcaster larry reed
calls for a mass exodus of black americans to africa

(50:13):
in response to carmelo anthony verdict is that real or
fake who's who said it A podcaster, Larry Reed.

Speaker 1 (50:21):
I don't know who that is. I don't know who
it is. But I'll say real. I'll say real, too.

Speaker 7 (50:25):
Yeah.

Speaker 3 (50:26):
I'll say fake just to be a contrarian.

Speaker 1 (50:28):
That is real.

Speaker 4 (50:29):
So that is the new move now is we're just
all going to pack up and get out of here.

Speaker 6 (50:34):
Just out of curiosity, what's the prosperity rate there? I mean,
there's obviously many different– it varies a lot. It's a
huge continent, right?

Speaker 1 (50:44):
It's not a country.

Speaker 2 (50:45):
It's a continent.

Speaker 4 (50:45):
I'd also like to point out we are not moving
now because of the George Floyd incident with police violence.
We are now moving because– they stabbed a white boy.
So that's the reason why we're leaving. I just want
to point that out again.

Speaker 6 (50:58):
Which again, if you watch, if anybody should be outraged,
it should be the Nicole Brown Simpson family, right? Again,
it should be the Metcalf family. Sadly, the Metcalf family
doesn't seem to be that. I mean, they're outraged or sad,
but it's like, it's not racism. Again, it's crazy to me,
but anyway.

Speaker 1 (51:17):
Yeah, poor kid. Can't even stab somebody and get away
with it now. Ridiculous. Ridiculous. Absolutely ridiculous.

Speaker 4 (51:22):
I'm going to stick with this story for question number two.
Is this true or false? Obama says if he had
a son who stabbed someone in the heart with a knife,
he would look just like Carmelo Anthony.

Speaker 1 (51:35):
Is that true or false? That's fake for sure. Yeah,
he's the Babylon Bee. That is really good. He's the
Babylon Bee. Okay.

Speaker 6 (51:43):
I thought I'd... I thought I'd get you out of
that one. Just highlights how crazy that comment was about
Trayvon Martin.

Speaker 1 (51:49):
It was so stupid. Obama had a son. He couldn't
stab anybody anymore either. It's terrible. Terrible. I actually do
have two more. I'm sorry.

Speaker 13 (51:57):
Here's one more.

Speaker 1 (51:59):
Here's the first one I should say. Breanna Turner. Is
this true or false?

Speaker 4 (52:03):
Breanna Turner, WNBA player, says the WNBA should not wear
America 250 patches due to its history of slavery.

Speaker 6 (52:12):
True.

Speaker 1 (52:13):
Oh, that's absolutely true on that one.

Speaker 3 (52:15):
She definitely said that. Wasn't she the one that was
in jail overseas?

Speaker 4 (52:18):
No, no, no. That was the one that was like
six feet. Is that the one we traded the merchant
of death for? Yes.

Speaker 1 (52:27):
By the way, he's back in the Middle East selling
arms again.

Speaker 6 (52:30):
Just to get back to that previous question, the median
GDP per capita is... For Africa, the entire continent is
2,000 to 2,400. So 2,000 to 2,400 GDP per capita.

Speaker 5 (52:38):
U.S.

Speaker 1 (52:38):
Is 85,000.

Speaker 6 (52:45):
With the $ 43, 000 household income per capita.

Speaker 1 (52:49):
So there you go.

Speaker 6 (52:52):
That's like saying, you know what? I would love to
move to Cuba, where they have no energy right now.
The prosperity is not anywhere near the level of most.

Speaker 1 (53:03):
Of the world.

Speaker 6 (53:03):
Gays for Palestine.

Speaker 1 (53:07):
Exactly. It is the same thing. They would throw you
off a roof. It's the same thing. It's just stupidity
is crazy. Is it true or false? Oh, that was
a true one. It's got to be true. I do
have one more, though.

Speaker 8 (53:20):
All right.

Speaker 1 (53:20):
We'll see if you guys get this one more.

Speaker 4 (53:24):
Is this true or false? Miss Rachel, childhood star, as
you know, the child television star. is outside no idea
not a clue no clue oh my god clue um
i don't know the lady either but no i didn't
know her name either i just knew the wba but

(53:44):
this one is like the number one.

Speaker 1 (53:46):
Caitlin clark that's a caitlin clark yeah yeah.

Speaker 4 (53:48):
This woman though is um number one for children's tv
right now miss rachel's her name okay is this true
or false though she is outside a dhs center in
new jersey singing about knocking down walls and freeing criminal
illegal aliens is that true i'll say true i'll say
true i'm gonna go false only because i think that

(54:09):
she doesn't want to travel i don't think i don't
think she would actually spend the time to go there
she may have done on her show But I don't
believe that she's there.

Speaker 1 (54:15):
Wow, that's really deep thinking there. Yeah, that's what matters.
That's really deep.

Speaker 3 (54:21):
I wouldn't think that she's going to just do that
out of her character.

Speaker 1 (54:25):
Would she have traveled? Not a personal jet.

Speaker 4 (54:29):
So, Glenn, I'll give you a follow-up just so you
have some background. No, don't give him follow-ups.

Speaker 1 (54:34):
That's cheating. Well, he answered already. He answered.

Speaker 4 (54:37):
But she is an absolute nutjob liberal.

Speaker 1 (54:41):
Are they all leftists? No, this one's bad. This one's bad.

Speaker 6 (54:44):
I thought that was a prerequisite to being a kid
show today.

Speaker 1 (54:48):
You have to be a left-wing nutjob or they don't
let you in here. I don't think Mr. Rogers was, though.

Speaker 4 (54:52):
He was all about boys and girls.

Speaker 1 (54:56):
Today, Mike.

Speaker 10 (54:57):
Today.

Speaker 1 (54:57):
No, no.

Speaker 6 (54:58):
See, 30 years ago, they wouldn't have thought transgender story
hour was appropriate for four-year-olds. Sesame Street back then was
worried about helping with numbers and colors. I will say that, though.
They did have a kingdom on Mr. Rogers, and that
dude ran a tight ship. i just did that right
remember that the train ran around a little thing and

(55:19):
uh there was never any you know that's we got
to get back to the oligarchy.

Speaker 4 (55:22):
To answer that question that last one glenn you were
wrong you thought too hard about it she went right
there and she had a sing-along and everything yep.

Speaker 6 (55:31):
I knew he was gone when he overthought yeah you
never overthink it never overthink it that is when in
doubt it's c yeah when in doubt it's c yeah
you don't ever that's a Keep it simple, stupid, right?
You never overthink things. The obvious answer is usually the
right answer. And you can say the same thing about
the California elections. That's a great way to end it.

(55:52):
If it looks like fraud and it smells like fraud
and the stats look like fraud. It's probably fraud. Although,
in California, they actually made that fraud legal. So I'm
not sure if you can actually call it fraud. It's
just legal cheating, I guess you'd call it. But anyway,
that'll do it for us. They tell you it's not, though, Glenn.
It's totally normal.

Speaker 4 (56:07):
Totally normal to just finish up votes in three days
after you said it was going to take 30.

Speaker 7 (56:11):
Sure.

Speaker 4 (56:12):
All right. That'll do it for us today. Again, if
you need us throughout the week, you think like us, 833-FINN, guys.
Thanks again for listening, and we'll be back here next
week on the Financial Guys Media Network.

Speaker 2 (56:43):
He says they'll sign it tomorrow. I'm Carmen Roberts, Fox News.
President Trump says the U.S. and Iran will sign a
deal to end the war on Sunday. But Iran questions
the timing, the president making that announcement on Truth Social
this afternoon. Fox's Rich Edson has more from the White House.

Speaker 17 (56:59):
The officials in the United States and in Tehran are
saying that they are close to an agreement. Pakistan is
mediating discussions between the two countries.

Speaker 1 (57:07):
Its prime minister posted this morning, quote, With.

Speaker 17 (57:10):
Finalization likely expected in the next 24 hours, Pakistan is
preparing for the electronic signing of the peace deal immediately after,
followed by technical-level talks next week. Though Iran's foreign minister says,
hang on, that the U.S. and Iran could sign a
deal in the coming days, but it won't be by tomorrow.
If they do, an Iranian foreign ministry spokesperson says Iran

(57:31):
would discuss its nuclear program with the U.S., during a
60-day negotiating window, and that Iran wants to focus on
ending the conflict on all fronts.

Speaker 1 (57:40):
That includes Israeli fighting in Lebanon.

Speaker 2 (57:43):
President Trump adding, hopefully this process will work.

Speaker 1 (57:45):
Out quickly, easily, and smoothly.

Speaker 2 (57:47):
And if it does not, in his words, we have
the ultimate alternative. From Iran to Venezuela, President Trump's national
security team says it scored a major win overnight. The
White House and Venezuela's government And a joint operation took
out the leader of Trinidad and Tobago, one of the
Western Hemisphere's most feared gangs. White House Deputy Press Secretary

(58:08):
Abigail Jackson tells Fox News.

Speaker 10 (58:10):
The president has sent a clear message that any terrorist
anywhere in the world who seeks to do harm to
United States citizens will not be safe. And I think
it is very clear after last night that he keeps
his promises.

Speaker 2 (58:22):
Last year, the State Department labeled the group a foreign
terrorist organization. And President Trump's name is no longer on
facade of the Kennedy Center's. Workers took it down today
after a judge's order. America's listening to Fox News.

Speaker 12 (58:49):
From the WAM 1180 newsroom, I'm Anthony Panazowicz. The Wyndham
Rochester downtown has been closed by order of the city.
Official notices went up to the Belegar State Street Hotel
on Friday with orders to fix 13 open fire code
violations and 10 open building code violations. The hotel has
had to cancel a recent sold-out concert while also canceling

(59:10):
with almost $ 200, 000 in back taxes to the city alone.
A motorcyclist is expected to be okay after crashing into
an Amazon delivery truck on Anderson Street Friday afternoon. The
49-year-old rider was described to have non-life-threatening injuries but will
be ticketed in the crash that occurred just after 5.30.
The driver of the Amazon truck was uninjured. And a

(59:30):
Panyan woman has been accused of plying two teenage boys
with alcohol and marijuana. 27-year-old Desiree Heitman is accused of
inviting a 14-year-old and 15-year-old to her home twice at
the end of May, in addition to inappropriate physical contact
with one of them. Your 13 WHAM Weather Authority forecast today.
Sunny skies, less humid, but remaining warm. 82 for your high.

(59:52):
I'm Anthony Panazowicz, NewsRadio, Wayham 1180. Next news in 30 minutes,
breaking news when it happens. Anytime on NewsRadio. Wham 1180.

Speaker 16 (59:58):
This report is sponsored by the New York Lottery. Your
chance at a jackpot is waiting on every corner. Head
to your favorite New York Lottery retailer and grab a
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Speaker 11 (01:00:13):
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Speaker 16 (01:00:13):
Call 1-877-8-HOPE-NY or text HOPE-NY.

Speaker 1 (01:00:17):
Rochester's news, weather, and traffic station. NewsRadio. Wham 1180. Depend
on it.

Speaker 5 (01:00:23):
Hi, Jake.