June 14, 2025 • 25 mins
Tommy Grisafi & Luke Lloyd of Lloyd Financial Group.
We examine the impact of skyrocketing oil prices and their potential effect on inflation, while exploring how AI's deflationary pressure could reshape markets and monetary policy. Financial advisor Luke Lloyd shares insights on navigating today's complex economic landscape, from gold's record highs to Bitcoin's long-term potential.
• Oil prices surged 9% overnight due to Middle East tensions, creating inflationary concerns
• Economic data showing consumer weakness may offset supply constraints, keeping the Fed on track for rate cuts
• AI technology adds significant productivity while potentially creating deflationary pressure through workforce changes
• Current market represents a necessary reset after years of artificially low interest rates
• Gold reaching all-time highs serves as a hedge against currency and system risk
• Bitcoin could eventually reach $1 million per coin as acceptance grows and supply remains finite
• Market outlook remains mixed with job market concerns balanced against potential productivity gains from AI
If you're interested in working with Lloyd Financial Group, visit lloydfg.com or email Luke at Luke@lloydFG.com to book a meeting directly.
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Thank you, Tommy G
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:11):
Friday everyone.
Tom Grisafi, agbo Media, agboTrading.
I'm an AP associate person ofNesvik Trading.
Boy, do we have a show for you?
We call it the LFG.
Let's's go, let's bring him inthe show.
Mr Luke Lloyd.
Luke's a friend of mine.
I met him on Cow Guy, our goodfriends over at RFD.
Luke recently opened up his ownshop and he is what we call the
(00:33):
young gun, the youngmillennials.
But boy, can he sling it.
Stage is yours.
First subject of the day.
Let's not waste any time.
One welcome.
Speaker 2 (00:50):
Two if I same time one welcome to.
If I say crude oil, you say Isay a lot.
Actually I say let's freakinggo, because it's booming right
now.
Up what nine percent overnight?
Um, I with the trade tensions,uh, in the middle east, tensions
over there, uh with iran, uh,retaliating over in israel.
I think we have to payattention to this because
there's a lot going on here andobviously the story has been for
the past couple of months thattariffs are going to be
inflationary.
But we also saw this week PPIand CPI coming in lighter than
(01:12):
expected.
So now everyone's scared againbecause 9% rise in oil prices
means that inflation might rearits head back around the corner
if these oil prices stay.
Also, you got to think aboutnatural gas and all the other
fun commodities out there thatcould be impacted by some of
these tensions from a supplyconstraint standpoint.
But look, I think at the end ofthe day, we don't have to worry
that much about these oilprices remaining too high.
(01:35):
I think we have to look at theeconomic data when it comes to
the consumer, the job market.
There is deteriorating data outthere.
I think that's going to offsetany kind of supply constraint
that could exist down the road,with these geopolitical tensions
remaining whatever high, orwhether or not increases or
decreases.
So I think that economic datais deflationary, disinflationary
(01:57):
, which is why I think theFederal Reserve is probably
going to be cutting rates verysoon.
So I know I hit a lot ofdifferent things there.
But from an asset allocationstandpoint and from an
investment standpoint, I likenatural gas companies over oil.
Think Chenier LNG, think thecommodity, directly LNG.
I would rather own somethinglike that than oil at this point
because of the demand created,because of the AI infrastructure
(02:21):
, all the cloud, all thespending habits happening on the
federal level, on the companylevel.
There's so much spendinghappening directly going into AI
infrastructure that demand isgoing to increase only over time
and that energy need.
50% of the US energy grid issupplied by natural gas.
Speaker 1 (02:39):
Wow, wow and wow.
That's a hell of anintroduction.
For his first time on the show,mr Luke Lloyd.
All right, the show will air onSaturday on 614.
You and I were trying to recordthis on Thursday in StreamYard.
The platform we love to use wasdown, which I wanted to tell
you.
Isn't it interesting how allthe Google and so many cloud
(02:59):
services went down yesterdayafternoon.
Techs weren't working andeverything else, and then
magically, a major war startedright Like, like someone didn't
have a couple of things blockedin the world because I couldn't
get on.
Speaker 2 (03:10):
I thought for a couple of days this week I had
some tech issues all around,whether it was email, whether it
was some of my softwares.
I was kind of concerned somecyber attack, whatever it be was
going on.
Open AI chat, gpt was down forlike for a couple hours, if you
remember, on Wednesday.
What do you think, man?
Was there something bigger toplay here?
Speaker 1 (03:26):
It feels like it because I've used StreamYard for
two years straight.
I've never not been able to geton it, which just shows you.
Luke, we get so used tothinking I click a link and it's
there and first time having youon, you're probably like these
guys don't know what the heckthey're doing.
You, these guys don't know whatthe heck they're doing.
You're the first person I'veever sent a link to and we
couldn't do anything.
I'm like sorry, show's canceled, right, bro, and that's just
(03:50):
what happened.
If we would have recorded thisyesterday, it would have been
more of a somber note.
We would have been talkingabout three rate cuts.
I think you could start pullingthose rate cuts right out of
there.
I've been talking to producershey, corn beans, wheat.
Been talking to producers hey,corn beans wheat.
All closed on the high.
That's a big plus.
We had some news out of the epatoday.
Um, it may be a little out ofyour wheelhouse, but bottom line
(04:11):
is the the epa is very powerfuland they gave a very favorable
ruling towards these fuels.
Now, with that, uh, crude oilup 13 percent, up nine dollars
last night, that's equivalentsaying soybeans up a dollar 40.
That'd be a limit limit andhalf move and, as you know, luke
, the energy markets are 10times bigger than the American
(04:31):
grain markets.
One thing to note because youknow you come on before me or
after me on the cow guide isthat cattle today cattle have
had a hell of a run but cattleclosed on the dead, low Cattle,
feeder cattle, live cattle,everything else.
And when you talk about theAmerican consumer being a little
pinched, I placed an ad.
You're young but I placed an adon Indeed this week, first time
(04:54):
I've ever used Indeed.
Looking for a podcast producerProbably my brother Joe down
there is like what?
I'm out of a job but I'm inNashville and I just casually
placed an ad Podcast producer.
I had 35 people respond to mein 24 hours.
I had to take the ad down.
Speaker 2 (05:09):
You're looking for something.
Yeah, that was not happening acouple years ago.
Speaker 1 (05:14):
No.
And so there's a gentlemancoming in today and I said can I
ask you something?
Why is everyone applying?
And he said AI is kicking ourbutt.
Speaker 2 (05:24):
And that's only deflationary.
And this is why there was anarticle came out today.
A reporter contacted me and wetalked about my kind of outlook
going forward and that's why Itaught utilities and long
duration treasuries and everyonesays, oh Luke, no, because you
know this ridiculous spending,because of the big beautiful
bill, or the ridiculous spendinghappening in the government at
all facets of the levels, of thelevels that's going to help or
(05:50):
actually downgrade our debt,which we got the debt downgrade
a couple of weeks ago from theAAA rating.
I'm in the camp that onlybecause of AI and also because
of the slowing economy, tariffs,whatever it be, oil going up
all of that's going to be offsetby AI, deflationary AI, and
also because of the slowingeconomy.
And when I say deflationary AI,deflationary AI, and also
because of the slowing economy.
And when I say deflationary AI,the whole point of AI is to
(06:12):
make companies more efficient.
So systematically, unemploymenthas to go up.
And if unemployment goes up,what happens to the consumer, to
those jobs, when they losetheir jobs?
Or there's people, when theylose their jobs, they have to
pull back their spending habits.
So this is around the corner.
I mean, I use AI every singleday, and I'm not kidding.
It probably adds 60 to 80 hoursof productivity to me and my
(06:36):
business every single week.
Just me myself using it, not myintern, not anyone else me
directly.
It's basically making me threetimes as more productive.
So it's going to save you know.
Otherwise, a couple of years ago, before chat, GPT and
everything, if I was to startthis business, I'd probably have
an extra 150, $200,000 of extraexpenses per year for
(06:57):
assistance or people helping meon social media or doing
whatever it be.
My newsletter that I have everysingle morning, my emails, my
you know anything, my notes thatI do for TV, whatever it be.
It helps me out on a dailybasis.
All my content doesn't comedirectly from AI, but it
definitely aids my mind and itactually gets me thinking a
little bit differently, whichhelps, because a lot of people
(07:19):
pigeonhole themselves intothinking just one way.
If you have AI pumping out allthese different philosophies and
perspectives, it helps youthink.
So there's absolutely thatinitiative and that deflationary
aspect will happen whenunemployment rises because of AI
and because it makes costs ofdoing business cheaper.
That's all deflationary, whichis why, again, I'm long, long
duration treasuries for myclients and I'm also long
(07:40):
utilities because of a dualdeflationary aspect and the
energy demand with electricity.
Speaker 1 (07:46):
Speaking of your clients.
We fast-centered the show.
Who are you?
What do you do?
You got this new gig.
Speaker 2 (07:53):
I'm sorry, I didn't introduce myself.
Speaker 1 (07:54):
No, no, no, but you and I have each done three, four
other shows today, so we'relike, just hit, play, we'll
figure it out.
But who are you, what are youdoing and how are you helping
people?
Speaker 2 (08:04):
Yeah, great question.
Yeah, great question, I guess.
To sum it up, I'm from a smalltown in Ohio, blue-collar area,
called Martins Ferry, ohio,southeast Ohio, blue steel mills
, coal mines that's how I grewup and my entire life I went to
a small school, made theconnection that actually led me
to New York City to intern atCNBC.
I was the annoying intern thatshook hands with everyone at the
(08:28):
stock exchange trying tointroduce myself.
That's where I met my ex boss,mark Tepper.
He was a phenomenal mentor tome in a lot of ways.
But really, growing up, youknow, I saw a lot of people
working their tails off Right,and that mentality, that blue
collar mentality, was alwaysinstilled in me.
And I'm like you know what youknow I've got.
I got married in November.
I'm thinking about having kids.
You know, before I have kids,this is the time to take any
kind of risk and bet on yourselfand, you know, risk it all to
(08:49):
lose it all, potentially Right.
So I decided in that momentthat you know, this is the time
for me to create my own legacyand try to create my own purpose
and add value to my clients.
So that's why I just connected.
A few months ago, I started myown group, lloyd Financial Group
, and so far it's been rockingand rolling.
I think people are pretty happyand now it's just about being
genuine, being real and beingauthentic.
I think this industry is fullof a bunch of finance bros that
(09:12):
are chest out, egotisticalpeople, and that's just not
where I come from.
That's just not who I am and Ithink my, I hope my clients
appreciate the authenticity andI, I, I, I always preach you
know, dream bigger, sleep better.
I'm here, I don't sleep, so I'mhere, I don't sleep, so my
clients can sleep.
I'm here to be that comfortingfactor in a lot of ways, and I'm
only a text message away.
(09:32):
Communication that's anotherthing missing in this industry.
A lot of time is people collectfat paychecks and sit back and
don't really communicate or talkto anyone or do a lot of work.
So I'm here working day in, dayout, because this is my
livelihood now on the line.
Speaker 1 (09:43):
And that's a great point that you know with AI is
great and that we can auto text,auto email.
Out of that.
How about just pick up thephone and call someone old
school right and say here's whatwe have.
Dow's down 800.
You wanted to allocate somemoney.
Here's what I like you got whattwo?
Two girls, right, two kids,yeah, two daughters, yeah, 23,
two daughters I mean, you see,firsthand, I mean this
generation.
Speaker 2 (10:02):
I'm technically the oldest gen z, uh, being 28 years
old.
So I was like the first one cutoff between millennial and Gen
Z.
I mean, I think the mostdangerous mindset and the most
dangerous skillset I mean thatanyone can have, that's a Gen Z.
It's just people skills.
Look, look people in the eyes,shake someone, someone's hand,
like that will go farther thanany kind of education, because
(10:23):
these screens, these laptops,these computers, phones, it's
screwing people's minds up.
So it's funny how, like yousaid, picking up the phone, cold
call, like whatever it be theold school.
It's funny how I think we'retransitioning back to the old
school because we're so content,fatigued and we're so drained
by our phones almost every day.
Speaker 1 (10:41):
Yeah, I started.
We're in a process of sendingclients just one of those big
Yeti tumblers that says Agbo andNesvik and stuff, and I got the
nicest phone calls as peopleare like I got your tumbler and
I'm like, oh yeah, that's right,I sent those out, right it's
the little things in life.
Speaker 2 (10:57):
They were grateful.
Speaker 1 (10:58):
And two, I was shocked at how much one Yeti
tumbler costs.
Speaker 2 (11:01):
So I will send you one.
That's why it's on my budget.
Yet my clients aren't gettingYetis this year, maybe next year
.
Speaker 1 (11:06):
I'll send you one.
I can't send you two.
You and your wife will have toshare.
What else would you like totalk about?
This is recorded.
There's no length.
You and I are so used to doingwhen I fill in for Scott.
Okay, luke, you've been great.
We got to go, but we don't haveto go anywhere.
Speaker 2 (11:28):
How do we get people?
Question is for you.
You know what is your take onand I hate to always talk about
the Fed, but no one really talksabout the Fed much anymore, so
let's bring it back in theconversation.
Sure, you know, talking aboutthe three rate cuts that were
projected before this inflationdata came in, is the Federal
Reserve, in your opinion, lateto the game?
They were late to the game onthe rate hiking cycle.
Are they late to the game onthe cutting cycle right now?
Speaker 1 (11:49):
No, because there are still some things that are
inflationary, and I think one ofthe most you know.
I don't know if you know this,but I stood in the 10-year note
in the 30-year bond at the Boardof Trade, so I've traded a lot
of treasuries, yield curves etc.
It would be really, really,really embarrassing to cut rates
and have a surge in inflation.
(12:11):
That would be like having afire put out and then thinking
it's put out, turn your back onit and then you have a raging
fire again.
You don't want that, so wecould stay higher for longer.
We're going into more of aperiod of normal.
A bunch of people your age arecomplaining and whining like
little kids because you can onlyget a mortgage at 7% and the
whole rest of the world spenttheir whole life getting
(12:32):
mortgages at a heck of a lothigher than 7%.
We are in a reset.
It is affecting prices.
I am watching the real estatemarket.
I have Marco Island, floridaset up on Zillow and I had to
disconnect the notificationsbecause I'm getting 20
notifications today per day ofproperties dropping.
(12:54):
We were overinflated.
Insurance has exploded.
The Airbnb things popped.
People are losing a few jobshere and there.
Like I told you.
Earlier, I placed an ad onIndeed.
I was overwhelmed with peopleapplying.
Things are changing, but we arehaving a reset and when we give
away as much money as we gaveaway during the COVID period and
(13:16):
then the wealth that wascreated during the boom in
particular agriculture duringthe Ukraine period we distort
things.
We're just gently undistortingthat.
So the fact that the stockmarket was doing as well as it's
been doing with this higherinterest rate environment is
absolutely amazing.
And there is an added benefit.
People, grandmas and grandpasand conservative people can just
(13:42):
put money in a CD or a moneymarket account.
They don't have to go fullblown in to NVIDIA.
So if you have a milliondollars $10 million, probably
not what you want people to belike go ahead and put it in a CD
.
Oh, by the way, I'm Luke fromthe financial group, right, but
at least they have that choicefrom the financial group, right,
but at least they have thatchoice.
(14:03):
And so when interest rates wereartificially kept low all that
time, it forced people in thestocks.
Now we have choices, have somestocks.
Hey, speaking of stocks, let'stalk about a commodity that's
been absolutely freaking on firegold.
That is a choice.
What do you know about gold?
Speaker 2 (14:19):
Yeah, I think it's gonna continue, continue to hit
all-time highs.
I mean, I think this you talkabout reset.
Let's focus on that word reset.
You go back throughout history.
You have three main reasons whya country, number one country
like the United States, failsit's because of extreme debt
issues which we kind of have.
We're above 120% debt to GDP,which is where you're usually at
(14:39):
during war times, Like we wereduring World War II, but we're
not in the war, right?
The second thing is that therising nation like China coming
over is a rising economic andsocial factor that's infringing
on another country.
So that's the second reason.
The third reason is you loseyour currency, and that's never
a good thing.
If you lose your reservecurrency, that's never a good
(15:00):
thing.
If you lose your reservecurrency think about the Great
Depression times two or timesthree.
So that reset button feels likeit's kind of around the corner,
not saying this year, next year,10 years, 20 years I'm talking
maybe in my towards the end ofmy lifetime, maybe my kids
lifetime.
We have to be somewhat concernedabout that.
In that case gold becomes ahedge, because nothing's better
than that precious metal thatyou can actually have in your
(15:21):
physical pocket Actually a lotof my clients own gold, and I'm
not talking GLD, I'm not talkingthe ETFs out there, I'm talking
physical gold because they justfeel comfortable knowing they
have five to 10% of their moneyin their house at all times,
hedging against the system.
Because these times I mean Iknow everyone's got the doomsday
in their lifetime they feelwhether it's world war ii that
felt like doomsday cold war era.
(15:43):
Um, everyone kind of feels thatway in their lifetime but
there's actually data now thatsuggests that and ray dalio,
specifically in his bookprinciples of changing world
order a phenomenal book talksabout the changing world order
and how we have to be concernedand worry about that.
So I know that's a long-termperspective.
Speaker 1 (15:58):
No, no, no, I think it's going to remain, but wait,
there's more, there's more.
My battery went out of mycamera, so full camera on.
Luke, I have an extra battery.
Joe, you're going to go twomore minutes solo.
I'm going to change my battery.
You're going to talk aboutBitcoin and what is happening
with the structure of Bitcoin,and I'll set you up.
I'm going to change my battery.
(16:19):
This is fun because you canhandle this.
You can go for a half hour.
I could go take a nap and comeback.
You'll still be talking.
Speaker 2 (16:25):
Bitcoin is interesting, man.
I actually I've had a lot ofclients ask me about that
Bitcoin spent over 30 days,above a hundred thousand, I'm
going to change my battery.
Speaker 1 (16:33):
The stage is yours.
I'll let you know when I comeback.
Be right back, go ahead.
Speaker 2 (16:36):
I have a personal connection to Bitcoin.
I actually bought my housebecause of Bitcoin.
I should say I was able toafford my house because of
Bitcoin when I was 23 years old.
So what is it?
Six years ago, I bought myhouse and I had to sell my
Bitcoin to put the down paymentdown the house.
But I bought it back in 2017because the libertarian in me
says you know the intermediarybanks, governments controlling
(16:56):
money.
It's never a good thing and youhave to personally own your
money, which is why people likegold, but also why they like
bitcoin, because it cuts out theintermediary.
Look at the end of the day, uh,bitcoin is going to be here,
probably to stay, for any pointin the foreseeable future.
It's going to go up.
It has to go up over a longduration of time, when you're
talking 10 or 20 years, because,as the dollar, as you print
more money, inflation whateverhappens, as long as you have any
(17:19):
inflationary pressure, bitcoin,as long as it's not nominated
in dollars, is going to go up.
And the infinite, the finitesupply of Bitcoin simple supply
and demand metrics means it'sgoing to go up.
And the crazy thing is it's a$2 trillion market cap.
I mean, it's still smaller thanNVIDIA, microsoft.
I mean it's smaller than thesecompanies.
And if you look at gold'smarket cap at $20 trillion, I
(17:40):
mean it's smaller than thesecompanies.
And if you look at gold'smarket cap at $20 trillion, I
mean it's only one-tenth thesize of gold.
We could 10X from here, whichputs it exactly at that
million-dollar coin target.
Putting that $20 trillionmarket cap, I think that's going
to happen.
I mean, the most ironic thingsthat happen tend to actually
happen, the most likely.
So the ironic thing would be,one day you see on the news
headlines that Bitcoin crossesabove gold's market cap.
So I do think that's on thehorizon.
(18:00):
And the fact of the matter is isthat it's becoming more
acceptable.
I mean, when I have my 75 yearold clients asking me what
Bitcoin is, I mean it shows youhow much more prominent it is in
society.
You know how much it's talkedabout and that simple talking
about it means that there'sgoing to be more demand.
And then you have the ETFs thatjust came out a couple of years
ago.
That's going to increase demand.
(18:26):
So simple, supply and demand.
It's.
In my opinion, bitcoin is theeasiest asset class commodity
whatever you want to call it tosecurity, to trade because it's
all supply and demand.
It doesn't have any earnings,it doesn't have any potential
windfalls to it, except forgovernment regulation, but it's
so big right now that thegovernment can't ban it because
if they ban it they wipe outtrillions of dollars in money
and that makes a ton of peopleupset.
So, talking about politicalissues, no one wants to vote on
(18:47):
policies that gets them out ofoffice and this is one of those
things.
You wipe out a couple trilliondollars of wealth that's going
to get you out of office.
So it's here to stay.
It's going to go to a millionbucks a coin.
I sold just personally.
I will tell you straight up.
I sold my families.
I sold my Bitcoin at $70,000.
If it gets back below 70, I'mlooking more actually at 50.
(19:07):
I'll scoop it back up around$50,000 a coin.
I'm not buying it right herebecause it is a speculative
asset and, in my opinion, we dohave some weakening economic
data on the horizon.
I think it's going to partakewith any kind of downside in the
market, kind of like it didduring the 20% tariff sell-off
just a few months back.
Speaker 1 (19:24):
That was awesome and I am back with a fresh battery.
I don't know if NASCAR islooking for help, but I heard
and I go.
What was that noise?
I look, I go.
Oh yeah, I've been recording somuch I have no battery.
Hey, bull bear debate.
Here we go.
Luke Lloyd Bull Bear, give ussome reason to be bearish the
stock market and then follow upwith why you're bullish the
stock market.
If you can be both, are youallowed to talk about both sides
(19:46):
?
Speaker 2 (19:46):
I think it's our job to do both.
It's a phenomenal question.
I like this kind of ideabecause there's a lot of bearish
and bullish signals right now.
The bearish signals are thatthe job market's kind of on the
brink of collapsing or breakingin some ways.
Because of AI, because ofweakening consumer spending data
, because of debt issues you cancite a lot of different things
the job market kind of lookslike it's on the horizon of
breaking, maybe because ofhigher interest rates as well,
(20:08):
right.
So I'm paying attention to that.
That's one definitely reasonyou want to pay attention to.
And then the second reason isyou know this China-US trade war
.
I mean, at the end of the day,we can have good earnings here
in America from a corporatestandpoint, but if you're the
number two nation in the world,do you help the number one
nation get ahead even more whenyour economy is worse off than
the number one nation Ever since, really, the Evergrande
situation a couple of years ago?
(20:29):
No, you bring them down withyou.
You hurt them, right.
So, even though all we hear inthe news cycle is good things
recently, I think that we haveto really pay attention that
this can be dragged out longerthan expected there's probably
gonna be some negative newslines here soon, and that could.
We saw how quickly the marketdropped on the initial tariff
news.
We could see another 10 or 20%decline.
So that's the bearish.
The bullish side is this U?
(20:49):
S trying to trade deal somehowdoes happen very quickly.
Tariffs kind of come off andthere's really a huge economic
boom in some ways.
From the stock market rallyingstandpoint, maybe the job market
doesn't crack.
Maybe AI actually adds so muchproductivity to the system and
employees actually learn how toaid it beside them and they
actually don't get replaced byit, they just learn how to
become more productivethemselves.
If that happens, I mean wecould see extreme amount of
(21:12):
returns in the stock marketbecause the AI boom is actually
just a big wealth transfer tothe top.
So those that own assets areactually going to do better.
Speaker 1 (21:20):
Oh, that's a mouthful .
All right, mr Luke Lloyd, ifsomeone's interested in working
with you or just learning moreor just having a conversation.
By the way, last uh, my summerinternship, my summer intern
from last year contacted you.
Young Sawyer Satram said Ispoke with Luke Lloyd.
He goes.
Yeah, he spent all types oftime with me.
Boy, that means a lot when akid can graduate college and
(21:40):
call a kid a guy like you andask some questions.
Speaker 2 (21:43):
I'm always around.
Speaker 1 (21:44):
He did just receive a job in doing similar to what
you're doing.
All right, luke.
How do people get a hold of you?
Speaker 2 (21:50):
I was just in his shoes seven years ago, right.
So I mean six years ago, right.
So it wasn't that much long agothat I was doing the calling
around to try to help someoneout.
So I'm always there to helpsomeone out.
And the way to contact me emailLuke at LloydFGcom or just go
to my website, lloydfgcom, andyou can book a meeting with me
directly on there.
I think myself is accessible.
Again, I'm a real person.
(22:11):
I'm not a behind-the-screenperson that's trying to portray
myself and put my chest outbeing a little too arrogant.
Speaker 1 (22:24):
I'm just trying to have good conversations, real
conversations with real people.
Well, when you're not on theApple media or RFD, I
occasionally see you on Fox andsome of those others.
That's fun.
Let me ask you something, andthis on a serious note, because
we have time.
It's funny because there's noone telling us in our ear we got
to rap.
When you go on a major networklike that, on that set, is it
any different than anything else?
Is it more intense, lessintense?
I mean, is it just pretty muchthe same thing, just a bigger?
Speaker 2 (22:42):
I would say it's the same exact mindset, same exact
thing.
I mean, I will be honest, whenI first started doing national
tv whether it was fox, cnbc, rfttv, I mean anytime you do any
kind of national tv, that firstcouple times, or even that first
year, you feel like you'regonna have a heart attack.
I would.
I would be lying if I didn saythat.
So I had to learn how tocontrol my emotions.
But I'm going to go to New YorkCity here in about a week and a
(23:03):
half and I'll be on set with.
I'll be co-hosting MarieBartiromo's show in the morning.
I'll be co-hosting Big Money'sshow between 12 and 2 on, I
think, the Tuesday, the 24th or25th.
You'd actually be surprised howsmall the studio sets are.
You would think that they'd behuge, but they're actually a lot
(23:25):
smaller than you expect.
But again, it's actually morefun being in person.
I will say that, being behindthe camera, that's all I knew
for three years, because from2020 to 2023, no one was going
on set, it was all virtual.
I actually just did my firstin-person appearance back, like
in 2023.
So it's been two years now andI will say it's a world of
difference.
Being on set is a lot morepersonable and it's a lot more
(23:48):
fun, to be honest I love it.
Speaker 1 (23:50):
I love when I get the host for scotty and you come on
.
I look at the sheet and I goluke this will be fun, like I
don't, whatever how fast myheart's beating it.
It goes down 10 beats whenyou're on, all right.
Speaker 2 (24:00):
I feel the same way, my man.
I mean, we're going to see eachother soon.
Speaker 1 (24:02):
I'll be down in Nashville you have that trip
coming up in July.
Speaker 2 (24:05):
I'll be coming down.
You're going to help my brotherand I.
We're going to be brainstormingsome things together.
Speaker 1 (24:09):
Absolutely.
There's about 10 things yousaid you could help AI.
You're like you a couple olddogs, a couple new tricks.
All right, luke Lloyd, we callthis the LFG Agble LFG with Luke
Lloyd.
What does LFG mean?
Someone's going to think itmeans something else.
What is LFG?
Speaker 2 (24:28):
Well, it means a lot of things.
You can interpret it awaywhichever way you choose.
Speaker 1 (24:31):
I'm going to go with Lloyd Financial.
Speaker 2 (24:33):
Group.
I will say that that's one ofthe reasons why I did pick Lloyd
Financial Group, because thatacronym is very prominent and,
frankly, I'm a pretty bold andoutspoken person, so I think it
fits me pretty well.
Speaker 1 (24:43):
Well, let's go.
Let's go, Lloyd.
We'll see you next week andthanks for coming on the show.
I love going long form.
I look forward to seeing you inNashville, joe and I will come
visit you in Kentucky and, yes,I have a place for you here when
you come to Nashville, you andthe summer intern, and I can't
wait to learn from you.
You're going to have awonderful career.
Thank you, and I will see younext week, my friend.
Roll the tape, Joe.
Friday everyone.
Tom Grisafi, agbo Media, agboTrading.
I'm an AP associate person ofNesvik Trading.
Boy, do we have a show for you?
We call it the LFG.
Let's's go, let's bring him inthe show.
Mr Luke Lloyd.
Luke's a friend of mine.
I met him on Cow Guy, our goodfriends over at RFD.
Luke recently opened up his ownshop and he is what we call the
(00:33):
young gun, the youngmillennials.
But boy, can he sling it.
Stage is yours.
First subject of the day.
Let's not waste any time.
One welcome.
Speaker 2 (00:50):
Two if I same time one welcome to.
If I say crude oil, you say Isay a lot.
Actually I say let's freakinggo, because it's booming right
now.
Up what nine percent overnight?
Um, I with the trade tensions,uh, in the middle east, tensions
over there, uh with iran, uh,retaliating over in israel.
I think we have to payattention to this because
there's a lot going on here andobviously the story has been for
the past couple of months thattariffs are going to be
inflationary.
But we also saw this week PPIand CPI coming in lighter than
(01:12):
expected.
So now everyone's scared againbecause 9% rise in oil prices
means that inflation might rearits head back around the corner
if these oil prices stay.
Also, you got to think aboutnatural gas and all the other
fun commodities out there thatcould be impacted by some of
these tensions from a supplyconstraint standpoint.
But look, I think at the end ofthe day, we don't have to worry
that much about these oilprices remaining too high.
(01:35):
I think we have to look at theeconomic data when it comes to
the consumer, the job market.
There is deteriorating data outthere.
I think that's going to offsetany kind of supply constraint
that could exist down the road,with these geopolitical tensions
remaining whatever high, orwhether or not increases or
decreases.
So I think that economic datais deflationary, disinflationary
(01:57):
, which is why I think theFederal Reserve is probably
going to be cutting rates verysoon.
So I know I hit a lot ofdifferent things there.
But from an asset allocationstandpoint and from an
investment standpoint, I likenatural gas companies over oil.
Think Chenier LNG, think thecommodity, directly LNG.
I would rather own somethinglike that than oil at this point
because of the demand created,because of the AI infrastructure
(02:21):
, all the cloud, all thespending habits happening on the
federal level, on the companylevel.
There's so much spendinghappening directly going into AI
infrastructure that demand isgoing to increase only over time
and that energy need.
50% of the US energy grid issupplied by natural gas.
Speaker 1 (02:39):
Wow, wow and wow.
That's a hell of anintroduction.
For his first time on the show,mr Luke Lloyd.
All right, the show will air onSaturday on 614.
You and I were trying to recordthis on Thursday in StreamYard.
The platform we love to use wasdown, which I wanted to tell
you.
Isn't it interesting how allthe Google and so many cloud
(02:59):
services went down yesterdayafternoon.
Techs weren't working andeverything else, and then
magically, a major war startedright Like, like someone didn't
have a couple of things blockedin the world because I couldn't
get on.
Speaker 2 (03:10):
I thought for a couple of days this week I had
some tech issues all around,whether it was email, whether it
was some of my softwares.
I was kind of concerned somecyber attack, whatever it be was
going on.
Open AI chat, gpt was down forlike for a couple hours, if you
remember, on Wednesday.
What do you think, man?
Was there something bigger toplay here?
Speaker 1 (03:26):
It feels like it because I've used StreamYard for
two years straight.
I've never not been able to geton it, which just shows you.
Luke, we get so used tothinking I click a link and it's
there and first time having youon, you're probably like these
guys don't know what the heckthey're doing.
You, these guys don't know whatthe heck they're doing.
You're the first person I'veever sent a link to and we
couldn't do anything.
I'm like sorry, show's canceled, right, bro, and that's just
(03:50):
what happened.
If we would have recorded thisyesterday, it would have been
more of a somber note.
We would have been talkingabout three rate cuts.
I think you could start pullingthose rate cuts right out of
there.
I've been talking to producershey, corn beans, wheat.
Been talking to producers hey,corn beans wheat.
All closed on the high.
That's a big plus.
We had some news out of the epatoday.
Um, it may be a little out ofyour wheelhouse, but bottom line
(04:11):
is the the epa is very powerfuland they gave a very favorable
ruling towards these fuels.
Now, with that, uh, crude oilup 13 percent, up nine dollars
last night, that's equivalentsaying soybeans up a dollar 40.
That'd be a limit limit andhalf move and, as you know, luke
, the energy markets are 10times bigger than the American
(04:31):
grain markets.
One thing to note because youknow you come on before me or
after me on the cow guide isthat cattle today cattle have
had a hell of a run but cattleclosed on the dead, low Cattle,
feeder cattle, live cattle,everything else.
And when you talk about theAmerican consumer being a little
pinched, I placed an ad.
You're young but I placed an adon Indeed this week, first time
(04:54):
I've ever used Indeed.
Looking for a podcast producerProbably my brother Joe down
there is like what?
I'm out of a job but I'm inNashville and I just casually
placed an ad Podcast producer.
I had 35 people respond to mein 24 hours.
I had to take the ad down.
Speaker 2 (05:09):
You're looking for something.
Yeah, that was not happening acouple years ago.
Speaker 1 (05:14):
No.
And so there's a gentlemancoming in today and I said can I
ask you something?
Why is everyone applying?
And he said AI is kicking ourbutt.
Speaker 2 (05:24):
And that's only deflationary.
And this is why there was anarticle came out today.
A reporter contacted me and wetalked about my kind of outlook
going forward and that's why Itaught utilities and long
duration treasuries and everyonesays, oh Luke, no, because you
know this ridiculous spending,because of the big beautiful
bill, or the ridiculous spendinghappening in the government at
all facets of the levels, of thelevels that's going to help or
(05:50):
actually downgrade our debt,which we got the debt downgrade
a couple of weeks ago from theAAA rating.
I'm in the camp that onlybecause of AI and also because
of the slowing economy, tariffs,whatever it be, oil going up
all of that's going to be offsetby AI, deflationary AI, and
also because of the slowingeconomy.
And when I say deflationary AI,deflationary AI, and also
because of the slowing economy.
And when I say deflationary AI,the whole point of AI is to
(06:12):
make companies more efficient.
So systematically, unemploymenthas to go up.
And if unemployment goes up,what happens to the consumer, to
those jobs, when they losetheir jobs?
Or there's people, when theylose their jobs, they have to
pull back their spending habits.
So this is around the corner.
I mean, I use AI every singleday, and I'm not kidding.
It probably adds 60 to 80 hoursof productivity to me and my
(06:36):
business every single week.
Just me myself using it, not myintern, not anyone else me
directly.
It's basically making me threetimes as more productive.
So it's going to save you know.
Otherwise, a couple of years ago, before chat, GPT and
everything, if I was to startthis business, I'd probably have
an extra 150, $200,000 of extraexpenses per year for
(06:57):
assistance or people helping meon social media or doing
whatever it be.
My newsletter that I have everysingle morning, my emails, my
you know anything, my notes thatI do for TV, whatever it be.
It helps me out on a dailybasis.
All my content doesn't comedirectly from AI, but it
definitely aids my mind and itactually gets me thinking a
little bit differently, whichhelps, because a lot of people
(07:19):
pigeonhole themselves intothinking just one way.
If you have AI pumping out allthese different philosophies and
perspectives, it helps youthink.
So there's absolutely thatinitiative and that deflationary
aspect will happen whenunemployment rises because of AI
and because it makes costs ofdoing business cheaper.
That's all deflationary, whichis why, again, I'm long, long
duration treasuries for myclients and I'm also long
(07:40):
utilities because of a dualdeflationary aspect and the
energy demand with electricity.
Speaker 1 (07:46):
Speaking of your clients.
We fast-centered the show.
Who are you?
What do you do?
You got this new gig.
Speaker 2 (07:53):
I'm sorry, I didn't introduce myself.
Speaker 1 (07:54):
No, no, no, but you and I have each done three, four
other shows today, so we'relike, just hit, play, we'll
figure it out.
But who are you, what are youdoing and how are you helping
people?
Speaker 2 (08:04):
Yeah, great question.
Yeah, great question, I guess.
To sum it up, I'm from a smalltown in Ohio, blue-collar area,
called Martins Ferry, ohio,southeast Ohio, blue steel mills
, coal mines that's how I grewup and my entire life I went to
a small school, made theconnection that actually led me
to New York City to intern atCNBC.
I was the annoying intern thatshook hands with everyone at the
(08:28):
stock exchange trying tointroduce myself.
That's where I met my ex boss,mark Tepper.
He was a phenomenal mentor tome in a lot of ways.
But really, growing up, youknow, I saw a lot of people
working their tails off Right,and that mentality, that blue
collar mentality, was alwaysinstilled in me.
And I'm like you know what youknow I've got.
I got married in November.
I'm thinking about having kids.
You know, before I have kids,this is the time to take any
kind of risk and bet on yourselfand, you know, risk it all to
(08:49):
lose it all, potentially Right.
So I decided in that momentthat you know, this is the time
for me to create my own legacyand try to create my own purpose
and add value to my clients.
So that's why I just connected.
A few months ago, I started myown group, lloyd Financial Group
, and so far it's been rockingand rolling.
I think people are pretty happyand now it's just about being
genuine, being real and beingauthentic.
I think this industry is fullof a bunch of finance bros that
(09:12):
are chest out, egotisticalpeople, and that's just not
where I come from.
That's just not who I am and Ithink my, I hope my clients
appreciate the authenticity andI, I, I, I always preach you
know, dream bigger, sleep better.
I'm here, I don't sleep, so I'mhere, I don't sleep, so my
clients can sleep.
I'm here to be that comfortingfactor in a lot of ways, and I'm
only a text message away.
(09:32):
Communication that's anotherthing missing in this industry.
A lot of time is people collectfat paychecks and sit back and
don't really communicate or talkto anyone or do a lot of work.
So I'm here working day in, dayout, because this is my
livelihood now on the line.
Speaker 1 (09:43):
And that's a great point that you know with AI is
great and that we can auto text,auto email.
Out of that.
How about just pick up thephone and call someone old
school right and say here's whatwe have.
Dow's down 800.
You wanted to allocate somemoney.
Here's what I like you got whattwo?
Two girls, right, two kids,yeah, two daughters, yeah, 23,
two daughters I mean, you see,firsthand, I mean this
generation.
Speaker 2 (10:02):
I'm technically the oldest gen z, uh, being 28 years
old.
So I was like the first one cutoff between millennial and Gen
Z.
I mean, I think the mostdangerous mindset and the most
dangerous skillset I mean thatanyone can have, that's a Gen Z.
It's just people skills.
Look, look people in the eyes,shake someone, someone's hand,
like that will go farther thanany kind of education, because
(10:23):
these screens, these laptops,these computers, phones, it's
screwing people's minds up.
So it's funny how, like yousaid, picking up the phone, cold
call, like whatever it be theold school.
It's funny how I think we'retransitioning back to the old
school because we're so content,fatigued and we're so drained
by our phones almost every day.
Speaker 1 (10:41):
Yeah, I started.
We're in a process of sendingclients just one of those big
Yeti tumblers that says Agbo andNesvik and stuff, and I got the
nicest phone calls as peopleare like I got your tumbler and
I'm like, oh yeah, that's right,I sent those out, right it's
the little things in life.
Speaker 2 (10:57):
They were grateful.
Speaker 1 (10:58):
And two, I was shocked at how much one Yeti
tumbler costs.
Speaker 2 (11:01):
So I will send you one.
That's why it's on my budget.
Yet my clients aren't gettingYetis this year, maybe next year
.
Speaker 1 (11:06):
I'll send you one.
I can't send you two.
You and your wife will have toshare.
What else would you like totalk about?
This is recorded.
There's no length.
You and I are so used to doingwhen I fill in for Scott.
Okay, luke, you've been great.
We got to go, but we don't haveto go anywhere.
Speaker 2 (11:28):
How do we get people?
Question is for you.
You know what is your take onand I hate to always talk about
the Fed, but no one really talksabout the Fed much anymore, so
let's bring it back in theconversation.
Sure, you know, talking aboutthe three rate cuts that were
projected before this inflationdata came in, is the Federal
Reserve, in your opinion, lateto the game?
They were late to the game onthe rate hiking cycle.
Are they late to the game onthe cutting cycle right now?
Speaker 1 (11:49):
No, because there are still some things that are
inflationary, and I think one ofthe most you know.
I don't know if you know this,but I stood in the 10-year note
in the 30-year bond at the Boardof Trade, so I've traded a lot
of treasuries, yield curves etc.
It would be really, really,really embarrassing to cut rates
and have a surge in inflation.
(12:11):
That would be like having afire put out and then thinking
it's put out, turn your back onit and then you have a raging
fire again.
You don't want that, so wecould stay higher for longer.
We're going into more of aperiod of normal.
A bunch of people your age arecomplaining and whining like
little kids because you can onlyget a mortgage at 7% and the
whole rest of the world spenttheir whole life getting
(12:32):
mortgages at a heck of a lothigher than 7%.
We are in a reset.
It is affecting prices.
I am watching the real estatemarket.
I have Marco Island, floridaset up on Zillow and I had to
disconnect the notificationsbecause I'm getting 20
notifications today per day ofproperties dropping.
(12:54):
We were overinflated.
Insurance has exploded.
The Airbnb things popped.
People are losing a few jobshere and there.
Like I told you.
Earlier, I placed an ad onIndeed.
I was overwhelmed with peopleapplying.
Things are changing, but we arehaving a reset and when we give
away as much money as we gaveaway during the COVID period and
(13:16):
then the wealth that wascreated during the boom in
particular agriculture duringthe Ukraine period we distort
things.
We're just gently undistortingthat.
So the fact that the stockmarket was doing as well as it's
been doing with this higherinterest rate environment is
absolutely amazing.
And there is an added benefit.
People, grandmas and grandpasand conservative people can just
(13:42):
put money in a CD or a moneymarket account.
They don't have to go fullblown in to NVIDIA.
So if you have a milliondollars $10 million, probably
not what you want people to belike go ahead and put it in a CD
.
Oh, by the way, I'm Luke fromthe financial group, right, but
at least they have that choicefrom the financial group, right,
but at least they have thatchoice.
(14:03):
And so when interest rates wereartificially kept low all that
time, it forced people in thestocks.
Now we have choices, have somestocks.
Hey, speaking of stocks, let'stalk about a commodity that's
been absolutely freaking on firegold.
That is a choice.
What do you know about gold?
Speaker 2 (14:19):
Yeah, I think it's gonna continue, continue to hit
all-time highs.
I mean, I think this you talkabout reset.
Let's focus on that word reset.
You go back throughout history.
You have three main reasons whya country, number one country
like the United States, failsit's because of extreme debt
issues which we kind of have.
We're above 120% debt to GDP,which is where you're usually at
(14:39):
during war times, Like we wereduring World War II, but we're
not in the war, right?
The second thing is that therising nation like China coming
over is a rising economic andsocial factor that's infringing
on another country.
So that's the second reason.
The third reason is you loseyour currency, and that's never
a good thing.
If you lose your reservecurrency, that's never a good
(15:00):
thing.
If you lose your reservecurrency think about the Great
Depression times two or timesthree.
So that reset button feels likeit's kind of around the corner,
not saying this year, next year,10 years, 20 years I'm talking
maybe in my towards the end ofmy lifetime, maybe my kids
lifetime.
We have to be somewhat concernedabout that.
In that case gold becomes ahedge, because nothing's better
than that precious metal thatyou can actually have in your
(15:21):
physical pocket Actually a lotof my clients own gold, and I'm
not talking GLD, I'm not talkingthe ETFs out there, I'm talking
physical gold because they justfeel comfortable knowing they
have five to 10% of their moneyin their house at all times,
hedging against the system.
Because these times I mean Iknow everyone's got the doomsday
in their lifetime they feelwhether it's world war ii that
felt like doomsday cold war era.
(15:43):
Um, everyone kind of feels thatway in their lifetime but
there's actually data now thatsuggests that and ray dalio,
specifically in his bookprinciples of changing world
order a phenomenal book talksabout the changing world order
and how we have to be concernedand worry about that.
So I know that's a long-termperspective.
Speaker 1 (15:58):
No, no, no, I think it's going to remain, but wait,
there's more, there's more.
My battery went out of mycamera, so full camera on.
Luke, I have an extra battery.
Joe, you're going to go twomore minutes solo.
I'm going to change my battery.
You're going to talk aboutBitcoin and what is happening
with the structure of Bitcoin,and I'll set you up.
I'm going to change my battery.
(16:19):
This is fun because you canhandle this.
You can go for a half hour.
I could go take a nap and comeback.
You'll still be talking.
Speaker 2 (16:25):
Bitcoin is interesting, man.
I actually I've had a lot ofclients ask me about that
Bitcoin spent over 30 days,above a hundred thousand, I'm
going to change my battery.
Speaker 1 (16:33):
The stage is yours.
I'll let you know when I comeback.
Be right back, go ahead.
Speaker 2 (16:36):
I have a personal connection to Bitcoin.
I actually bought my housebecause of Bitcoin.
I should say I was able toafford my house because of
Bitcoin when I was 23 years old.
So what is it?
Six years ago, I bought myhouse and I had to sell my
Bitcoin to put the down paymentdown the house.
But I bought it back in 2017because the libertarian in me
says you know the intermediarybanks, governments controlling
(16:56):
money.
It's never a good thing and youhave to personally own your
money, which is why people likegold, but also why they like
bitcoin, because it cuts out theintermediary.
Look at the end of the day, uh,bitcoin is going to be here,
probably to stay, for any pointin the foreseeable future.
It's going to go up.
It has to go up over a longduration of time, when you're
talking 10 or 20 years, because,as the dollar, as you print
more money, inflation whateverhappens, as long as you have any
(17:19):
inflationary pressure, bitcoin,as long as it's not nominated
in dollars, is going to go up.
And the infinite, the finitesupply of Bitcoin simple supply
and demand metrics means it'sgoing to go up.
And the crazy thing is it's a$2 trillion market cap.
I mean, it's still smaller thanNVIDIA, microsoft.
I mean it's smaller than thesecompanies.
And if you look at gold'smarket cap at $20 trillion, I
(17:40):
mean it's smaller than thesecompanies.
And if you look at gold'smarket cap at $20 trillion, I
mean it's only one-tenth thesize of gold.
We could 10X from here, whichputs it exactly at that
million-dollar coin target.
Putting that $20 trillionmarket cap, I think that's going
to happen.
I mean, the most ironic thingsthat happen tend to actually
happen, the most likely.
So the ironic thing would be,one day you see on the news
headlines that Bitcoin crossesabove gold's market cap.
So I do think that's on thehorizon.
(18:00):
And the fact of the matter is isthat it's becoming more
acceptable.
I mean, when I have my 75 yearold clients asking me what
Bitcoin is, I mean it shows youhow much more prominent it is in
society.
You know how much it's talkedabout and that simple talking
about it means that there'sgoing to be more demand.
And then you have the ETFs thatjust came out a couple of years
ago.
That's going to increase demand.
(18:26):
So simple, supply and demand.
It's.
In my opinion, bitcoin is theeasiest asset class commodity
whatever you want to call it tosecurity, to trade because it's
all supply and demand.
It doesn't have any earnings,it doesn't have any potential
windfalls to it, except forgovernment regulation, but it's
so big right now that thegovernment can't ban it because
if they ban it they wipe outtrillions of dollars in money
and that makes a ton of peopleupset.
So, talking about politicalissues, no one wants to vote on
(18:47):
policies that gets them out ofoffice and this is one of those
things.
You wipe out a couple trilliondollars of wealth that's going
to get you out of office.
So it's here to stay.
It's going to go to a millionbucks a coin.
I sold just personally.
I will tell you straight up.
I sold my families.
I sold my Bitcoin at $70,000.
If it gets back below 70, I'mlooking more actually at 50.
(19:07):
I'll scoop it back up around$50,000 a coin.
I'm not buying it right herebecause it is a speculative
asset and, in my opinion, we dohave some weakening economic
data on the horizon.
I think it's going to partakewith any kind of downside in the
market, kind of like it didduring the 20% tariff sell-off
just a few months back.
Speaker 1 (19:24):
That was awesome and I am back with a fresh battery.
I don't know if NASCAR islooking for help, but I heard
and I go.
What was that noise?
I look, I go.
Oh yeah, I've been recording somuch I have no battery.
Hey, bull bear debate.
Here we go.
Luke Lloyd Bull Bear, give ussome reason to be bearish the
stock market and then follow upwith why you're bullish the
stock market.
If you can be both, are youallowed to talk about both sides
(19:46):
?
Speaker 2 (19:46):
I think it's our job to do both.
It's a phenomenal question.
I like this kind of ideabecause there's a lot of bearish
and bullish signals right now.
The bearish signals are thatthe job market's kind of on the
brink of collapsing or breakingin some ways.
Because of AI, because ofweakening consumer spending data
, because of debt issues you cancite a lot of different things
the job market kind of lookslike it's on the horizon of
breaking, maybe because ofhigher interest rates as well,
(20:08):
right.
So I'm paying attention to that.
That's one definitely reasonyou want to pay attention to.
And then the second reason isyou know this China-US trade war
.
I mean, at the end of the day,we can have good earnings here
in America from a corporatestandpoint, but if you're the
number two nation in the world,do you help the number one
nation get ahead even more whenyour economy is worse off than
the number one nation Ever since, really, the Evergrande
situation a couple of years ago?
(20:29):
No, you bring them down withyou.
You hurt them, right.
So, even though all we hear inthe news cycle is good things
recently, I think that we haveto really pay attention that
this can be dragged out longerthan expected there's probably
gonna be some negative newslines here soon, and that could.
We saw how quickly the marketdropped on the initial tariff
news.
We could see another 10 or 20%decline.
So that's the bearish.
The bullish side is this U?
(20:49):
S trying to trade deal somehowdoes happen very quickly.
Tariffs kind of come off andthere's really a huge economic
boom in some ways.
From the stock market rallyingstandpoint, maybe the job market
doesn't crack.
Maybe AI actually adds so muchproductivity to the system and
employees actually learn how toaid it beside them and they
actually don't get replaced byit, they just learn how to
become more productivethemselves.
If that happens, I mean wecould see extreme amount of
(21:12):
returns in the stock marketbecause the AI boom is actually
just a big wealth transfer tothe top.
So those that own assets areactually going to do better.
Speaker 1 (21:20):
Oh, that's a mouthful .
All right, mr Luke Lloyd, ifsomeone's interested in working
with you or just learning moreor just having a conversation.
By the way, last uh, my summerinternship, my summer intern
from last year contacted you.
Young Sawyer Satram said Ispoke with Luke Lloyd.
He goes.
Yeah, he spent all types oftime with me.
Boy, that means a lot when akid can graduate college and
(21:40):
call a kid a guy like you andask some questions.
Speaker 2 (21:43):
I'm always around.
Speaker 1 (21:44):
He did just receive a job in doing similar to what
you're doing.
All right, luke.
How do people get a hold of you?
Speaker 2 (21:50):
I was just in his shoes seven years ago, right.
So I mean six years ago, right.
So it wasn't that much long agothat I was doing the calling
around to try to help someoneout.
So I'm always there to helpsomeone out.
And the way to contact me emailLuke at LloydFGcom or just go
to my website, lloydfgcom, andyou can book a meeting with me
directly on there.
I think myself is accessible.
Again, I'm a real person.
(22:11):
I'm not a behind-the-screenperson that's trying to portray
myself and put my chest outbeing a little too arrogant.
Speaker 1 (22:24):
I'm just trying to have good conversations, real
conversations with real people.
Well, when you're not on theApple media or RFD, I
occasionally see you on Fox andsome of those others.
That's fun.
Let me ask you something, andthis on a serious note, because
we have time.
It's funny because there's noone telling us in our ear we got
to rap.
When you go on a major networklike that, on that set, is it
any different than anything else?
Is it more intense, lessintense?
I mean, is it just pretty muchthe same thing, just a bigger?
Speaker 2 (22:42):
I would say it's the same exact mindset, same exact
thing.
I mean, I will be honest, whenI first started doing national
tv whether it was fox, cnbc, rfttv, I mean anytime you do any
kind of national tv, that firstcouple times, or even that first
year, you feel like you'regonna have a heart attack.
I would.
I would be lying if I didn saythat.
So I had to learn how tocontrol my emotions.
But I'm going to go to New YorkCity here in about a week and a
(23:03):
half and I'll be on set with.
I'll be co-hosting MarieBartiromo's show in the morning.
I'll be co-hosting Big Money'sshow between 12 and 2 on, I
think, the Tuesday, the 24th or25th.
You'd actually be surprised howsmall the studio sets are.
You would think that they'd behuge, but they're actually a lot
(23:25):
smaller than you expect.
But again, it's actually morefun being in person.
I will say that, being behindthe camera, that's all I knew
for three years, because from2020 to 2023, no one was going
on set, it was all virtual.
I actually just did my firstin-person appearance back, like
in 2023.
So it's been two years now andI will say it's a world of
difference.
Being on set is a lot morepersonable and it's a lot more
(23:48):
fun, to be honest I love it.
Speaker 1 (23:50):
I love when I get the host for scotty and you come on
.
I look at the sheet and I goluke this will be fun, like I
don't, whatever how fast myheart's beating it.
It goes down 10 beats whenyou're on, all right.
Speaker 2 (24:00):
I feel the same way, my man.
I mean, we're going to see eachother soon.
Speaker 1 (24:02):
I'll be down in Nashville you have that trip
coming up in July.
Speaker 2 (24:05):
I'll be coming down.
You're going to help my brotherand I.
We're going to be brainstormingsome things together.
Speaker 1 (24:09):
Absolutely.
There's about 10 things yousaid you could help AI.
You're like you a couple olddogs, a couple new tricks.
All right, luke Lloyd, we callthis the LFG Agble LFG with Luke
Lloyd.
What does LFG mean?
Someone's going to think itmeans something else.
What is LFG?
Speaker 2 (24:28):
Well, it means a lot of things.
You can interpret it awaywhichever way you choose.
Speaker 1 (24:31):
I'm going to go with Lloyd Financial.
Speaker 2 (24:33):
Group.
I will say that that's one ofthe reasons why I did pick Lloyd
Financial Group, because thatacronym is very prominent and,
frankly, I'm a pretty bold andoutspoken person, so I think it
fits me pretty well.
Speaker 1 (24:43):
Well, let's go.
Let's go, Lloyd.
We'll see you next week andthanks for coming on the show.
I love going long form.
I look forward to seeing you inNashville, joe and I will come
visit you in Kentucky and, yes,I have a place for you here when
you come to Nashville, you andthe summer intern, and I can't
wait to learn from you.
You're going to have awonderful career.
Thank you, and I will see younext week, my friend.
Roll the tape, Joe.
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