December 23, 2024 • 38 mins
On the second hour of today's show, Chuck Zodda and Paul Lane run through the market happenings of 2024. Also, the guys preview the significant test that lies ahead this week for Netflix when the streaming giant ventures further into live sports programming. Can they deliever solid results for NFL fans? Plus, a list of anonymous media executive predictions for 2025. And are egg prices heading higher again?
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Transcript
Episode Transcript
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Speaker 1 (00:00):
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(00:20):
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(00:42):
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a donation today. This is the Financial Exchange with Chuck Zada,
(01:06):
and Paul Lane.
Speaker 2 (01:08):
Now two of the Financial Exchange. It's Festivus Monday here
and stocks not really feeling like they're in a giving mood.
So you've got the Dow off two hundred and forty
one points, the S and P's down five, Nasdaq's up
fifty three. But man, this is really a skewed market
with most stocks selling off today and a handful you're
(01:28):
in Videos, Broadcoms, Lily, Meta, Tesla, they're up in a
handful of other ones, but a lot of red on
the board, quite honestly when you're looking across, So not
not exactly a great day for most stocks today for
whatever reason. You've got the ten year US treasury it
is selling off another three point six basis points to
(01:50):
four point five six percent. We've got a couple treasury
auctions this week. Kind of strange with again the shortened week,
but you do have a couple auctions, so not surprising
that you get a little bit of upward pressure in
yields here on this one. Oil is moving down seventy
nine cents a barrel to sixty eight sixty seven on
West Texas Intermediate Triple A National avatur Gas prices at
(02:13):
three h four and two tenths, so doesn't look like
we're getting under three dollars a bear or a gallon
by the end of this year. And we've got gold
today down nineteen thirty ounce to twenty six twenty five
and eighty cents. Every year at the end of the
year we get two things. The first are the predictions
(02:33):
for what the S and P five hundred is gonna
do next year, which can't stand. But then you get
all of the pieces talking about, hey, here's all the
stuff that happened this year that you know explains how
markets moved and some stuff that you might have forgotten about.
What what do you find notable in here as far
as market related stories that were really key drivers of
(02:55):
this year, Paul, If I've.
Speaker 3 (02:57):
To sum up this year in terms of why it's been,
you know, such a momentous year for the stock markets
performed so well, you probably have to start if you
were telling someone who's been living under rock or doesn't
follow this stuff within Nvidia at the forefront of you know,
some of the stock market gains that we've seen this
year up eight hundred percent since the beginning of twenty
twenty three, and at the forefront of all of the
(03:19):
AI enthusiasm over the course of the last several years
or so. Unlike some of these other stories that we
may we will likely get into where it is largely
driven around speculation and you know, promises of future glory.
In Vidia, at least to its credit, while there may
be some specutive trades behind it, showed up with revenue
(03:42):
to back it up. You know, they were doubling and
tripling their sales over the course of this year, unlike Broadcom,
who we covered last week, who traded up significantly with
over a trillion dollar valuation at one point off of
sort of the hope and potential that in twenty twenty
six or twenty twenty seven they would, you know, carve
a significant portion of the AI market. So I think
(04:02):
i'd have to start there with with Nvidia as my
first piece to cover. I'll kick it back to you
for the second one.
Speaker 2 (04:08):
Yeah, I think that certainly is one. The other piece though,
that's you know, when we look at markets this year,
the continued dominance of the S and P five hundred
and look, it's it's not going to last forever, because
nothing in the investing world does. But when you go
through and look at you know, some of the broad
markets that are out there. Emerging markets as a whole
(04:32):
up about eleven percent this year, India up about ten.
I've got Japan up about five, Europe up about one
and a half, Australia up one, Brazil down like twenty
eight s A P five hundred is gonna again, barring
some kind of you know, epic collapse over the last
what five or six days trading days of the year,
(04:53):
probably notching twenty percent returns again, and with a chance
notch twenty five percent returns. And look, it just has
continued to be over the last several years. The place
where you're actually being rewarded for the equity risk that
you're taking. Now, it won't be the case forever because
there's a key part of that sentence, which is, hey,
(05:16):
you're being rewarded for the risk that you're taking. One
does not always get rewarded for taking equity risk. That
is the whole point of stocks. I say this so
much that it's probably annoying. Volatility is a feature of
equity markets, not a bug. You don't look at day's
leg last Wednesday and go, oh, that's not supposed to happen.
(05:38):
That is supposed to happen. You're supposed to lose three
percent in a day. Occasionally, it might only be one
or two times a year, but it's supposed to happen.
It's part of the way that you know that you
have working markets is that you can lose money in them.
If you can never lose money in anything, then you
don't have a market. You've got a fake fraud, ponzi,
(06:01):
maybe a ponzi. The other piece to.
Speaker 3 (06:05):
Further that is not only the S and P five hundred, Chuck,
but really seven names in the S and P five hundred,
Right if you look at the equal weight performance of
the S and P five hundred, so making so that
every single five hundred of the companies in there is
equally weighted, rather than the way it's constante, which is
a market cap based index. Where this magnificent seven that
we talk about so much on the show, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia,
(06:29):
and Tesla account for now thirty percent of the index
from a waiting perspective, and the index is up twenty
six percent year to date. The S and P five hundred,
that equally weighted index, which spreads it out amongst all
those companies thirteen and a half percent. So, you know,
continuing to point to this idea that it's been six
or seven companies driving the bus the whole way through
(06:50):
this year, and again you know that that will normalize
two over time.
Speaker 2 (06:55):
I also think that, you know, in terms of this year,
a story that we've touched a little bit, the FED
got twenty twenty four right. They you know, we've we've
been really critical of the FED for a couple of
years now, twenty twenty two and twenty three I thought
we're not good years for the Fed. I think by
(07:16):
and large they've gotten twenty twenty four right. And it
give credit where credits due. It is December twenty third
right now. Inflation has not seen any meaningful rebound. It has,
you know, plat it is bottomed at a level that's
higher than you'd like to see, closer to three percent
than two percent, but you're not like creeping back up
(07:38):
towards hell.
Speaker 4 (07:39):
There then the you know eighth or nine that we
were looking at before.
Speaker 2 (07:42):
Unemployment remains very low by basically every historical standard out there.
And so my view is, hey, the FED needs some
credit this year, and I think that's a major story
that there's a off landing here. How long it continues
(08:02):
is anyone's guess, because nothing's ever permanent in the economy.
Like if we go into recession in like twenty twenty eight,
you can't be like, oh, well, the FED, you know
they didn't get their soft it's been six years since
they raised rates. Then like what are we doing here?
You know that's it's just not fair. But this year
I think a big story. FED got it right, and
(08:23):
we don't always say that very true.
Speaker 3 (08:26):
It's in terms of those progress and those items, I
don't think a lot of us would have predicted with
full conviction that you'd get to those points. On inflation
and the unemployment, I guess less of a concern it
was really inflation heading to this year, and the point
being inflation is in a good spot at this moment, knock.
Speaker 2 (08:44):
Wood, anything else that you want to make sure we
notice kind of major themes from this year.
Speaker 3 (08:49):
You know, I have to bring it up, not because
I'm someone who's well versed in it or that I
espouse to it, but there is a pocket again of
speculation in this market, Chuck. For sure, it's very reminiscent
of what we saw in twenty twenty and twenty twenty
one where I always kind of use this brahmer. Now,
if regular people, whether it's family members or clients, start
(09:09):
asking me about bitcoin again, it means that we're in
at least a speculative period. To me over the last
couple of years, that's sort of how I've earmarked things.
If they're turning to me and asking me for my thoughts,
it does seem like we've reached at least a portion
in the market where there's a lot of speculation out there,
and whether you want to look at micro strategies or
some of these LeVert ETFs out there, there does seem
(09:31):
to be this reminiscent era of where we were in
twenty one, with excess savings in this country and a
lot of speculation in the markets.
Speaker 2 (09:37):
Take a quick break when we come back. We got
a little bit of trivia coming, and then let's see,
I don't want to do micro strategy at nothing interesting
to say. They let's talk China.
Speaker 1 (09:49):
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Speaker 5 (10:05):
All right, It's time for our final Christmas trivia question
of the year. Here we go, Which US state is
home to the North Pole?
Speaker 2 (10:17):
Once again?
Speaker 5 (10:17):
Which US state is home to the North Pole? Be
the eighth person today to texts us at six one
seven three six two thirteen eighty five with the correct answer,
and you want a Financial Exshane Showed t shirt once again?
Be the eighth correct response to text us at six
one seven three six two thirteen eighty five to get
(10:38):
that Financial Eks Shane Show t shirt. See complete contest
rules at Financial ekschange show dot com.
Speaker 2 (10:46):
Let's see. We got a piece here from the bloomy Berg.
It's titled Biden Team to probe Chinese chips setting up
Trump for tariffs? And what this is talking about, uh
is I'll quote here just because it does a better
job explaining it than I will. Has announced on Monday
it would initiate the inquiry and a so called foundational
chips also known as legacy or mature node semiconductors made
(11:07):
in China, well not as advanced as the trips driving AI,
the older technology is ubiquitous across a wide range of applications,
including autos, airplanes, medical devices. In the telecom industry. So
as an example, I go out and I buy a
I don't know a router for my home, or I
go out and I buy a I don't know a
(11:32):
microwave from my home, or I go out and I
buy a smartplog or something like that. Some of the
semiconductors that are made in there are pretty basic. They
don't need to do anything complicated like it's don't a
black it's turning a light bulb on and off when
I tell when my phone tells it to. And so
ultimately you're looking for the lowest cost supplier in those
(11:54):
cases many times, and oftentimes that tends to be in China.
So what the Biden administration is saying here is, look,
we want want to see if there's any risk associated
with these more basic types of chips, not for them
falling into the wrong hands. But I think this is
much more looking at hey, are there any security issues
that are built into these from a construction perspective? Uh,
(12:16):
you know, things along these lines. And I guess my
only point one this is you've been president for four years,
why are you doing this on your way out the door?
And I generally haven't been overly critical of the Biden
administration on China because they've basically done the same things
that I think Trump would have done in a lot
of cases as far as you know, trying to restrict
(12:37):
you know, more advanced chips and things along those lines.
They haven't repealed any of the tariffs that Trump had
put in, so I kind of graded them out is
like they're finely, they haven't been awful, they haven't been great,
they've been okay. But in this I kind of look
at it and I go, well, you're leaving office in
you know, twenty eight days, but why are you doing
(12:58):
this now? You know what? What's there?
Speaker 3 (13:00):
Yeah, I can't really discern whether or not this does
pose a significant national security concern, Like if we just
look at how simplistic some of those chips are, but
I don't know the scale of you know, the semiconductors
that are in all the different devices out there. It's
certainly we can both agree is a worthwhile endeavor to
at least explore this idea, and then also you need
(13:23):
to if you find an issue. It's certainly a supply
chain concern. Everything that we learn from COVID that you
want to be able to diversify your supply chains from
getting chips from other sources. So we'll see it's not
going to be obviously Biden's decision as to what to
do with this, So that will be on President Trump,
you know, six months plus from now, to make a
call one way or another.
Speaker 2 (13:42):
Let's get to something that we do know a little
bit more about and that we understand a little bit
more than Chinese made semiconductors. Netflix specifically, they've got two
NFL games that are going to be on Christmas. Now,
Christmas Day for sports there is one league and one
league that for Christmas Day. For the last twenty five years,
(14:03):
the NBA, they have owned Christmas Day for sports viewers.
I think they have five games a year that they're
doing on Christmas now. I think it's like a noon
two thirty five, eight o'clock and eleven.
Speaker 4 (14:15):
Yeah, it's either four or five, one of the two.
Speaker 2 (14:17):
They load the whole day up with games at this point,
and it's it's just it's it's huge. The NFL decided, hey,
you know what.
Speaker 4 (14:25):
We've been taking your lunch, let's take it.
Speaker 2 (14:27):
We would like in on the Christmas party. And so
you've got two games that the NFL has on Christmas
this year, and they are both going to be on Netflix,
first time ever that Netflix has had NFL games. So
you got Kansas City Pittsburgh at one PM and then
Baltimore Houston at four thirty. Both pretty good games. I
(14:50):
mean the Kansas City Pittsburgh is fine, Like it's not perfect,
but it is what it is here. So I think
the questions that are out there. Number one, hey, the
uh who was the stupid fight? That was a month?
That was the stupid one? Yeah? Yeah, Like twenty eight
year old fights like fifty five year old retired guy
(15:12):
and they basically pretend to fight. That was a real
worthwhile use of everyone's time, made worse by the fact
that Netflix had some buffering and streaming issues that made
it hard to watch. Actually, so I maintained at the
time I thought they were doing that just because look,
if you screw up a midnight fight between a has
(15:34):
been and a meh fighter, nothing really happens. It's like
the people that are up at that time anyways watching
that are kind of like, you know what you're gonna
get going into that, your your eyes wide open. You
mess up a Christmas Day game between Kansas City and
Pittsburgh and you've got some problems here. So I think
(15:58):
that was kind of a dry run to see how
this would go. But there's a lot riding on this,
not just for this game, but Netflix is making a
move into adding more and more live content. They have
WWE that they're picking up next year. I think did
they just sign was it? Uh? Yes, it was they.
Netflix has the rights to the twenty twenty seven and
(16:20):
twenty thirty one Women's World Cup. Now they announced that
last week gil so again that they are moving into
live sports because even they see the value in it.
And so this is something that is going to be
a cornerstone of the next five to seven years for them,
and they need to be able to prove hey, we
can do this, and ultimately they will. Yeah, it might
(16:44):
take this, It might take them, you know, a couple
runs to figure it out. But I remember the first
Amazon Thursday night football broadcasts and we were like, oh,
this isn't great, and now, okay, it's fine. Yep, it's
just another broadcast. It's it's fine. Like I don't like
having to go to Amazon to find it, but.
Speaker 4 (17:01):
That is frustrating whatever frustrating.
Speaker 2 (17:04):
So yeah, I think this is going to end up
working just fine for Netflix. They are a smart company.
They think they're doing on this stuff.
Speaker 5 (17:10):
I have high expectations. I think they're gonna knock it
out of the park. Honestly, as a viewer.
Speaker 2 (17:14):
Who's doing the commentary on those games, I will look
it up for you.
Speaker 5 (17:18):
But I know for like the pregame show and everything
that they went all out. They're going with everybody.
Speaker 3 (17:23):
They're going with Beyonce on the second game halftime show.
So that can't be cheap either to get hurt of before.
Speaker 2 (17:30):
Okay, here we go. So Chief Steelers is gonna be
Iron Eagle and Nate Burrowson and JJ.
Speaker 5 (17:33):
Watt, who we heard we heard Iron Eagle call the
Patriots and Bill's very.
Speaker 2 (17:39):
Good, good announcer, Like does this stuff? Burrowson does? What
does he do? I can't remember.
Speaker 5 (17:45):
He does the pregame show and he's good morning. He's
on one of the morning shows. He's on the CBS
Morning show.
Speaker 2 (17:50):
Oh, this is kind of funny. So Ravens Texans play
by play, Noah Eagle, who is Iron Eagle's son, Greg Olsen,
who I do think is the best of the business
at Color Jamie Erdaal who she used to be at
Nesson Is that right correct? And then Steve Weisch who
is a national reporter at NFL Network. So they they've
got some good people there. And the pregames show they yeah,
(18:14):
you got like a laundry list here, Kay Adams, Drew Brees,
Robert Griffin, the third Mantiteo, Mina Chimes or Rutledgs that
both mccordy brothers like. It's yeah, they got some names there.
So I think they're gonna be just fine.
Speaker 3 (18:29):
Football has really, the NFL has really tried to saturate
his product as much as possible around the holidays with games.
It's gonna be Saturday, Sunday, sorry, Thursday, Saturday Sunday, Monday, Wednesday.
Speaker 4 (18:45):
Thursday, Saturday. I think there's some crazy spam.
Speaker 2 (18:48):
You guys know what's coming in the next year or
two every day. No, you're gonna have New Year's Day games.
Oh oh, they're gonna take on Bowl season. Yeah, they're
absolutely going to.
Speaker 4 (18:58):
Yeah, it's it's a lot. It's a lot of football
to watch.
Speaker 2 (19:02):
Here's the thing. Everyone's been predicting their demise for years.
Oh my god, I remember cub in a few years
back being like, Oh, it's gonna get too saturated. No,
like they're fine, They're making plenty of money. Quick break
here Trivia answers next.
Speaker 1 (19:21):
Bringing the latest financial news straight to your radio. Every day.
It's the Financial Exchange on the Financial Exchange Radio Network.
Text does six one seven three six two one three
eight five with your comments and questions about today's show.
This is the Financial Exchange Radio Network.
Speaker 2 (19:45):
All right.
Speaker 5 (19:46):
Tribute questions today was which US state is home to
the north Paul poll? That would be Alaska. North Pole,
Alaska was incorporated nineteen fifty three and is part of
the Fairbanks metropolitan Area. North Pole has a population of
twenty three hundred. There you go. Chris from Pocasse at
Mass is our winner today, taking home a Financial eks
(20:08):
Shane Show t shirt. Congrats to Chris. We play trivia
every day here on the Financial exs Change. See complete
contest rules at Financial Ekshane Show dot com.
Speaker 2 (20:18):
You know what the weirdest thing about Alaska is?
Speaker 5 (20:22):
The sun thing?
Speaker 2 (20:23):
No, it's not that. You guys know what the capital
of Alaska is, right, Juna Anchorage, Juno Juna. The thing
about Juno it's not connected to the rest of the
state by any roads. So you got the capital of
the state that you can't get to via road. It's
not even connected to the contiguous United States by like,
to the rest of the United States by any roads.
(20:45):
You can't get to Juno, Alaska by driving from anywhere
else in the US. HM. Watch me. And here's the thing.
Here's the thing about Juno the population of it an idea,
how big it is? No clue already two thousand people, Anchorage,
Alaska two hundred and eighty six thousand people. I mean,
(21:06):
this is full on all benev versus New York City.
That at least you can kind of understand, like why
it happened like that. This one's probably something similar. It's
just we don't live close enough to know. But yeah, Juno,
Alaska no roads connecting it to the rest of the state,
so uh yeah, you basically have to come in by
plane or boat. Thirteen Anonymous media executives make predictions for
(21:32):
the new year. What do we learned from this, Paul?
What a thing's gonna happen?
Speaker 3 (21:36):
A lot of consolidation is is pretty much the quickest
cut and dryway to say it. Where comcasts will acquire
assets from Warner Brothers. Fox will acquire some of Warburg's
discovery assets. All the names of this company is it's
really hard to keep track of who has what and
what that means from a media perspective. So I'm not
even going to try and scrutinize, you know, what shows
(21:58):
or what products like are part of these. But the
long and short is, and this has been roomored around
for a while, is that consolidation right in the media industry, consolidation.
As linear cable declines, there's gonna be a lot of consolidation,
whether that's streaming platforms or some of these media assets.
That's definitely a big piece of it. There also were
some predictions surrounding Jeff Bezos perhaps being bullited in selling
(22:22):
the Washington Post. I don't really see that necessarily being
the case.
Speaker 5 (22:28):
But what's the biggest one that stands out to you guys,
because I have mine. Out of the ones that are
in here, I correct, out of all these anonymous exact
what's the one that like raised your eyebrows the most.
EA being bought by a big tech company Bengo, So
(22:50):
I'll go this way.
Speaker 2 (22:51):
I don't think a big tech company is gonna buy
e and they list, you know, Netflix alphabet Netflix. Netflix
isn't a tech company? Can we stop calling them?
Speaker 4 (23:01):
Like?
Speaker 2 (23:01):
What what's the tech? Dude?
Speaker 5 (23:03):
Video games is tech?
Speaker 2 (23:05):
Video games might be, but like, Netflix isn't it. Let
me ask you this. Granted, none of us were alive
in nineteen eighty, so this is kind of a hard
question to answer. Did anyone in nineteen eighty consider Cable
Vision a tech company?
Speaker 4 (23:20):
No?
Speaker 2 (23:21):
No, like they were a cable company.
Speaker 5 (23:22):
Cable company.
Speaker 2 (23:23):
Yeah, like you were like, oh look at how technologic. No,
they were a cable company. So why cause Netflix streams
over the same cable just in a different way. Are
We're like, whoa Netflix is a tech company?
Speaker 5 (23:37):
Man?
Speaker 2 (23:39):
Is it because they have the word net in their name?
Is it because they have a website of.
Speaker 4 (23:44):
The algorithms they they've But even before.
Speaker 2 (23:48):
That, like they've been like they've had this moniker as
a tech company when they they're not particularly techie, Like
they don't make any tech. They just stream stuff back
and forth, back and forth. Oh you want WWE? Here's
some WWE. You want to watch National Treasure too? Here
it is book of secrets. I don't know, but yes,
(24:10):
I think Netflix wants to get into video games. You
know that, because there already are some video games on
Netflix's platform. I think that's interesting to me. The question
that I have is I'm not really plugged into the
video game world the way that I used to be.
Speaker 5 (24:26):
Yeah, I don't play them like I did.
Speaker 2 (24:28):
Honestly, I haven't bought a console since maybe two thousand
and eight. I think, yeah, I'm right in that same region.
I haven't bought whatever the most, the two xboxes, ago
or whatever. I'll tell you the video games that I
do play. I still have a working Nintendo sixty four,
me too, Super Nintendo, and Original Nintendo. I don't know
(24:50):
my original Nintendo. I fired it up the other day
to play a little duck Hunt and bubblah bah bah.
Speaker 5 (24:55):
Oh you got to bring that in.
Speaker 2 (24:57):
So nineteen eighty three is when this thing was made,
maybe nineteen eighty four, so it's somewhere like forty to
forty one years old. Plays like it's it's the day
it came out of the box. Hadn't even used it
in like a year. I was like, okay, let me
fire this up, like see if it works, no problem
at all?
Speaker 4 (25:15):
Wow?
Speaker 2 (25:15):
Still great, Wow, Superintendent, same thing. I can still make
Wayne Gretzky's head believe in NHL ninety four.
Speaker 1 (25:23):
Never had Super Nintendo.
Speaker 2 (25:24):
Oh it's fantastic, But yeah, I think here's here's what
I was saying about the video game industry. The money
required to make these games now, like the big Blockbuster ones,
is so high. I don't know how you can continue
to exist as a standalone and spend that much money
(25:44):
because the capitol required it's like shooting a movie these days,
Like you're spending half a billion dollars or more to
make these games and then your first week sales are
like seven hundred million dollars on the block Bockbuster games.
Speaker 3 (26:01):
So wouldn't that further the case that it would make
sense that they're an acquisition target. Not to mention, Activision
was kind of the precedent for this being sold to microstoft.
I could understand, perhaps scratching my head as to like
why Apple would want to grab them, but an acquiscent
turn in general, I could kind of get.
Speaker 2 (26:19):
It's not so much the acquisition. I just don't think.
My thing was more like Netflix is not a tech
company like there, and I don't know if Netflix has
deep enough pockets. Quite honestly, maybe they do, maybe they don't.
But I let me see what Netflix is sitting on
from like a cash perspective. I kind of look at
them and go, I don't know if that makes a
ton of sense there, but I could totally see someone
(26:42):
trying to buy up EA now. But I also wonder, like,
what what are the big game Like? Was there a
Call of Duty game this year or anything?
Speaker 4 (26:54):
Yeah?
Speaker 5 (26:55):
Black Ops six?
Speaker 2 (26:56):
I think it was, oh number six. Huh yeah, I'm
number one, right exactly.
Speaker 5 (27:03):
I mean Disney and EA have had that relationship for
a while too. If the Star Wars things, that would
make sense, right, incorporate that with Disney plus or something.
Speaker 3 (27:11):
Another prediction here the sports steaming service Venue will never
launch and Fox will license its sports content to ESPN
streaming service.
Speaker 4 (27:19):
That one, I'd be really.
Speaker 3 (27:20):
Surprised if Fox would go to that level of licensing
its sport content to ESPN streaming service. I don't really
I would say that one to me is a little
bit more stunning in terms of a prediction here that
I just don't see them doing that to such a
big competitor.
Speaker 2 (27:38):
But folks want to talk to you about the guide
this month from the Armstrong Advisory Group. There's only eight
days to go until twenty twenty five, and the guide
this month is titled The Key Numbers for twenty twenty five?
What types numbers? Tax bread updates, social Security, cost of
living adjustments, retirement account contributional and it's Medicare premiums. These
(28:00):
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do you request it? Call eight hundred three nine three
for zero zero one. That number again is eight hundred
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(28:23):
help you make more informed financial choices in the new year. Again,
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You can request it by calling eight hundred three nine
three for zero zero one.
Speaker 1 (28:36):
The proceeding was paid for by Armstrong Advisory Group, a
registered investment advisor. Nothing in the ad or in any
Armstrong guide a specific financial, legal or tax advice. Consult
your own financial tax into state planning advisors before making
any investment decisions. Armstrong make contact you to offer investment
advisory services.
Speaker 3 (28:51):
Paul You buying any eggs lately. I haven't but heard
how much are they? Paul costs her up?
Speaker 2 (28:56):
Paul, what do you think it doesen X costs?
Speaker 4 (29:00):
See here three sixty five?
Speaker 2 (29:03):
Shoot. In any case, you got egg prices moving up again.
It's not because of anything other than bird flu and
the culling of bird herds and flocks whatever you call them,
in order to try to stem this bird flu that's
going around. So we saw this, I think it was
(29:24):
two years ago as well, something similar with a bird
flu at the end of twenty twenty two. This is
what's going on here. It's probably not going to last
very long as far as the rise and egg prices,
but it makes things a little bit uncomfortable as you're
heading into the new year, just because eggs are one
of those low cost staples that hey, when they double
what price they do make people do a double take.
(29:46):
And it obviously isn't something that you'll love to see
egg price is doubling in you know, the last couple months.
Speaker 4 (29:53):
Here, you guys eggnog fans, No, yeah, I can have
one glass of it. That's about it.
Speaker 2 (29:59):
Not for me.
Speaker 4 (30:00):
What's like, what's the typical alcoholic drink? What do they
mix it?
Speaker 5 (30:03):
With brandy.
Speaker 4 (30:04):
Okay, I've never had that? Is it any good?
Speaker 1 (30:08):
Paul? Come on? Is it good?
Speaker 5 (30:11):
Of course it's good. Yeah, all right, it's something you.
Speaker 1 (30:14):
Gotta have every Christmas.
Speaker 4 (30:15):
Come on, you never have that? No?
Speaker 2 (30:17):
Oh, it's fine. It's replacement level in my opinion. It's okay.
You can get dangerous, but it's so rich, like I
can't see you pounding down like a bunch of globes. Well,
you have to dilute it in a mixer and with ice,
and then it goes down nice.
Speaker 1 (30:34):
You know.
Speaker 5 (30:35):
It's not like thick, thick eggnog.
Speaker 2 (30:38):
Again, it's it's not really in my bag. It's not
not something I la.
Speaker 5 (30:43):
It's a classic.
Speaker 2 (30:44):
Come on, I come on, it's fine. It's a replacement level.
It's okay. Let's take a quick break here. When we
come back, we'll find out if I'm replacement level. Right
after this.
Speaker 1 (30:56):
Fine daily interviews and full shows of the Financial Exchange
And now are you tube page? Like us on YouTube
and get caught up on anything and everything you might
have missed. This is the Financial Exchange Radio Network.
Speaker 2 (31:15):
All the wear the outside is frightful.
Speaker 1 (31:19):
What the fire is?
Speaker 2 (31:21):
All right? Paul?
Speaker 3 (31:22):
What do you got for me for stack roulette, running
red lights, speeding, and aggressive driving. Can traffic cameras curb
the notorious Massachusetts driver? What I'm talking about here is
the idea of using cameras at different traffic areas to
issue issue traffic violations, rather than just a police officer
(31:43):
sign you for running a red light or taking an
illegal turn. Currently, twenty three states use cameras for red
light violations and twenty two states allow for them to
catch speeders. But under Massachusetts current state law, we cannot
use this technology for traffic viol and I have mixed
feelings here. I'm sure from a safety perspective, it's probably
(32:05):
the way to go, But I let me tell you,
you do as a scofflaw every once in a while
think that, uh you know, no whistle, no foul kind
of thing.
Speaker 2 (32:16):
Let me tell you this. You can take the driver
out of the jungle, but you can't take the jungle
out of the driver.
Speaker 5 (32:25):
Ta cameras.
Speaker 1 (32:26):
Sho.
Speaker 2 (32:27):
You know what's gonna happen with these cameras? Nothing? You
can't stop the Boston drivers. What are you talking about?
Speaker 5 (32:33):
Flipping that camera?
Speaker 2 (32:35):
Yeah, it'll be double freedom rockets from us. Look, here's
what's interesting. For all the crap that Massachusetts gets about,
like hey, like it has some of the tightest laws
on this, that and whatever, twenty three different states use
cameras for red light violations. You would think Massachusetts would
be one of those first. Nope, And look, I don't
(32:59):
know if these work or don't. Certainly like some of
the data that's out there suggests, I forget which where
was it in here? It was something like it was
a thirty seven percent reduction in something, but I don't
know what, So that's kind of useless.
Speaker 4 (33:15):
Let's see.
Speaker 3 (33:15):
New York City was the first in the country to
adopt these enforcement camps for red lights back in ninety four.
Violations and intersections with cameras have declined by seventy three
percent seventy three.
Speaker 2 (33:24):
I mixed it up.
Speaker 3 (33:25):
T Bone crashes have dropped by sixty five percent, and
rears rear end crashes have declined as well, by forty
nine percent.
Speaker 2 (33:35):
Can I just while we're on this topic, talk about
my favorite accident that I've ever witnessed.
Speaker 3 (33:41):
Okay, what, No people were severely harmed. No, it brought
me great too.
Speaker 2 (33:47):
No one was hurt, which is why, like, I have
great joy from this all ranks. So I'm driving through Newton, Massachusetts,
and I'm at a three way intersection. I'm the bottom
of the tea with the the cross you know, coming above,
and the light's green going the other way. So I'm
stopped on the first car there at the intersection, and
(34:08):
the lights on the other side go red and mine
turns green, and I'm about to go, and all of
a sudden, I catch something out of the corner of
my right eye and I look at it and I'm like, oh,
there's like someone trying to fly the light and run
the light. So I give, you know, a classic Massachusetts honk,
(34:28):
maybe a second or three too long, but hey, like, dude,
you just ran a red light and would have t
boned me if I had gone through when I was
supposed to. This guy looks at me, starts flicking me off, okay,
without realizing that if he continues, there's another red light
(34:48):
in front of him, and just rams into the car
right in front of him. Not too fast. He was
going like maybe fifteen miles an hour by the time
he finally did it, so no one was hurt. Like,
I don't even know if the airbag the ploys, but
I was supposed to be turning that way. I just
turned to the right and go the I'm like, okay, sorry, buddy,
Like you deal with that. I'm gonna go this way
(35:09):
and just left and way because I'm like, guy, like,
what what are you doing here?
Speaker 4 (35:14):
Oh that's tremendous. That's the ultimate victory karma.
Speaker 3 (35:17):
Yeah, because karma is never has it been paid off
so quickly right in front of your face. I mean,
we've all been in the situations where you're like, the
person just did that. I don't wish them harm, but
I wish them a slight annoyance, which is exactly.
Speaker 2 (35:31):
What that guy got, right, Because it's just so circling
back on all this stuff, Oh, here we go. Nationwide
studies have shown speed cameras can reduce roadway deaths and
injuries by twenty to thirty seven percent. So I'm trying
to think of how we actually become better drivers, and
for me, the single biggest thing we got to stop texting.
Speaker 3 (35:53):
Oh sure, that's for a while, but we need to
figure out a better way to do it.
Speaker 2 (35:58):
Because right now you're driving home, whether it's on the
highway or anywhere else, you look around and it's like
you're doing something, you're doing something, you're watching like Shawshank Redemption,
Like what's going on here? It's just not good. And
(36:19):
the places that I see the most accidents now are
in straightaways on the highway with no merging or anything,
and it's just because someone thinks they can be doing
sixty five and they don't realize the traffic stopped ahead
of them and they're just rear ending someone on a
straight stretch of highway.
Speaker 5 (36:33):
I saw someone probably like just over a month ago
on the highway where like everybody's coming to a complete
standstill in terms of like, oh, here's another wave of traffic. Great,
but this one guy just continues to roll ten miles
an hour, crunch into the back of a car, like
what are you doing?
Speaker 4 (36:49):
Like what are you watching?
Speaker 5 (36:50):
I don't get it right.
Speaker 2 (36:52):
It can wait till you get home. So I think
we still need to do something there. I am still
a big proponent of if you really want to get
rid of texting and driving, yeah, yeah, we know the
penalty for doing so. The officer takes your phone, runs
it over with their cruiser, and you will never text
and drive again.
Speaker 4 (37:12):
Wow, that's a severe punishment.
Speaker 2 (37:14):
It's not that severe.
Speaker 5 (37:15):
They'll just go get a new phone and do the
same thing, though probably not No.
Speaker 4 (37:19):
Probably hopefully all your stuff is back up to the iCloud. Uh.
Speaker 2 (37:23):
Phones aren't cheap, Tucker. It's more expensive than any fine
you'll pay. And you got the inconvenience of you can't
just swap the SIM card out. Yeah, it's a whole
process at that point, but uh, that's just me.
Speaker 1 (37:37):
Uh.
Speaker 2 (37:37):
Yeah, we're done for the day. Merry Christmas, Merry Christmas Christmas.
I didn't know if we were doing a show tomorrow
or not, but in any case, tune in to find out. Yeah,
I hope everyone does have a great Christmas. Great honeck
if you celebrate, and uh, we'll be seeing you over
the next week or so. Enjoy
The Financial Exchange is produced by Money Matters Radio and
is hosted by employees of the Armstrong Advisory Group, a
registered investment advisor. All opinions expressed are solely those of
the hosts, do not reflect the opinions of Armstrong Advisory
or anyone else. Investments can lose money. This program does
not offer any specific financial or investment advice. Please consult
your own financial, tax, and estate planning advisors before making
(00:20):
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Exchange with Chuck Zada and Paul Lane, your exclusive look
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(00:42):
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(01:06):
and Paul Lane.
Speaker 2 (01:08):
Now two of the Financial Exchange. It's Festivus Monday here
and stocks not really feeling like they're in a giving mood.
So you've got the Dow off two hundred and forty
one points, the S and P's down five, Nasdaq's up
fifty three. But man, this is really a skewed market
with most stocks selling off today and a handful you're
(01:28):
in Videos, Broadcoms, Lily, Meta, Tesla, they're up in a
handful of other ones, but a lot of red on
the board, quite honestly when you're looking across, So not
not exactly a great day for most stocks today for
whatever reason. You've got the ten year US treasury it
is selling off another three point six basis points to
(01:50):
four point five six percent. We've got a couple treasury
auctions this week. Kind of strange with again the shortened week,
but you do have a couple auctions, so not surprising
that you get a little bit of upward pressure in
yields here on this one. Oil is moving down seventy
nine cents a barrel to sixty eight sixty seven on
West Texas Intermediate Triple A National avatur Gas prices at
(02:13):
three h four and two tenths, so doesn't look like
we're getting under three dollars a bear or a gallon
by the end of this year. And we've got gold
today down nineteen thirty ounce to twenty six twenty five
and eighty cents. Every year at the end of the
year we get two things. The first are the predictions
(02:33):
for what the S and P five hundred is gonna
do next year, which can't stand. But then you get
all of the pieces talking about, hey, here's all the
stuff that happened this year that you know explains how
markets moved and some stuff that you might have forgotten about.
What what do you find notable in here as far
as market related stories that were really key drivers of
(02:55):
this year, Paul, If I've.
Speaker 3 (02:57):
To sum up this year in terms of why it's been,
you know, such a momentous year for the stock markets
performed so well, you probably have to start if you
were telling someone who's been living under rock or doesn't
follow this stuff within Nvidia at the forefront of you know,
some of the stock market gains that we've seen this
year up eight hundred percent since the beginning of twenty
twenty three, and at the forefront of all of the
(03:19):
AI enthusiasm over the course of the last several years
or so. Unlike some of these other stories that we
may we will likely get into where it is largely
driven around speculation and you know, promises of future glory.
In Vidia, at least to its credit, while there may
be some specutive trades behind it, showed up with revenue
(03:42):
to back it up. You know, they were doubling and
tripling their sales over the course of this year, unlike Broadcom,
who we covered last week, who traded up significantly with
over a trillion dollar valuation at one point off of
sort of the hope and potential that in twenty twenty
six or twenty twenty seven they would, you know, carve
a significant portion of the AI market. So I think
(04:02):
i'd have to start there with with Nvidia as my
first piece to cover. I'll kick it back to you
for the second one.
Speaker 2 (04:08):
Yeah, I think that certainly is one. The other piece though,
that's you know, when we look at markets this year,
the continued dominance of the S and P five hundred
and look, it's it's not going to last forever, because
nothing in the investing world does. But when you go
through and look at you know, some of the broad
markets that are out there. Emerging markets as a whole
(04:32):
up about eleven percent this year, India up about ten.
I've got Japan up about five, Europe up about one
and a half, Australia up one, Brazil down like twenty
eight s A P five hundred is gonna again, barring
some kind of you know, epic collapse over the last
what five or six days trading days of the year,
(04:53):
probably notching twenty percent returns again, and with a chance
notch twenty five percent returns. And look, it just has
continued to be over the last several years. The place
where you're actually being rewarded for the equity risk that
you're taking. Now, it won't be the case forever because
there's a key part of that sentence, which is, hey,
(05:16):
you're being rewarded for the risk that you're taking. One
does not always get rewarded for taking equity risk. That
is the whole point of stocks. I say this so
much that it's probably annoying. Volatility is a feature of
equity markets, not a bug. You don't look at day's
leg last Wednesday and go, oh, that's not supposed to happen.
(05:38):
That is supposed to happen. You're supposed to lose three
percent in a day. Occasionally, it might only be one
or two times a year, but it's supposed to happen.
It's part of the way that you know that you
have working markets is that you can lose money in them.
If you can never lose money in anything, then you
don't have a market. You've got a fake fraud, ponzi,
(06:01):
maybe a ponzi. The other piece to.
Speaker 3 (06:05):
Further that is not only the S and P five hundred, Chuck,
but really seven names in the S and P five hundred,
Right if you look at the equal weight performance of
the S and P five hundred, so making so that
every single five hundred of the companies in there is
equally weighted, rather than the way it's constante, which is
a market cap based index. Where this magnificent seven that
we talk about so much on the show, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia,
(06:29):
and Tesla account for now thirty percent of the index
from a waiting perspective, and the index is up twenty
six percent year to date. The S and P five hundred,
that equally weighted index, which spreads it out amongst all
those companies thirteen and a half percent. So, you know,
continuing to point to this idea that it's been six
or seven companies driving the bus the whole way through
(06:50):
this year, and again you know that that will normalize
two over time.
Speaker 2 (06:55):
I also think that, you know, in terms of this year,
a story that we've touched a little bit, the FED
got twenty twenty four right. They you know, we've we've
been really critical of the FED for a couple of
years now, twenty twenty two and twenty three I thought
we're not good years for the Fed. I think by
(07:16):
and large they've gotten twenty twenty four right. And it
give credit where credits due. It is December twenty third
right now. Inflation has not seen any meaningful rebound. It has,
you know, plat it is bottomed at a level that's
higher than you'd like to see, closer to three percent
than two percent, but you're not like creeping back up
(07:38):
towards hell.
Speaker 4 (07:39):
There then the you know eighth or nine that we
were looking at before.
Speaker 2 (07:42):
Unemployment remains very low by basically every historical standard out there.
And so my view is, hey, the FED needs some
credit this year, and I think that's a major story
that there's a off landing here. How long it continues
(08:02):
is anyone's guess, because nothing's ever permanent in the economy.
Like if we go into recession in like twenty twenty eight,
you can't be like, oh, well, the FED, you know
they didn't get their soft it's been six years since
they raised rates. Then like what are we doing here?
You know that's it's just not fair. But this year
I think a big story. FED got it right, and
(08:23):
we don't always say that very true.
Speaker 3 (08:26):
It's in terms of those progress and those items, I
don't think a lot of us would have predicted with
full conviction that you'd get to those points. On inflation
and the unemployment, I guess less of a concern it
was really inflation heading to this year, and the point
being inflation is in a good spot at this moment, knock.
Speaker 2 (08:44):
Wood, anything else that you want to make sure we
notice kind of major themes from this year.
Speaker 3 (08:49):
You know, I have to bring it up, not because
I'm someone who's well versed in it or that I
espouse to it, but there is a pocket again of
speculation in this market, Chuck. For sure, it's very reminiscent
of what we saw in twenty twenty and twenty twenty
one where I always kind of use this brahmer. Now,
if regular people, whether it's family members or clients, start
(09:09):
asking me about bitcoin again, it means that we're in
at least a speculative period. To me over the last
couple of years, that's sort of how I've earmarked things.
If they're turning to me and asking me for my thoughts,
it does seem like we've reached at least a portion
in the market where there's a lot of speculation out there,
and whether you want to look at micro strategies or
some of these LeVert ETFs out there, there does seem
(09:31):
to be this reminiscent era of where we were in
twenty one, with excess savings in this country and a
lot of speculation in the markets.
Speaker 2 (09:37):
Take a quick break when we come back. We got
a little bit of trivia coming, and then let's see,
I don't want to do micro strategy at nothing interesting
to say. They let's talk China.
Speaker 1 (09:49):
After this missed one of our shows. Catch up anytime
by asking your Alexis smart speaker to play the Financial Exchange.
This is the Financial Exchange Radio Network.
Speaker 5 (10:05):
All right, It's time for our final Christmas trivia question
of the year. Here we go, Which US state is
home to the North Pole?
Speaker 2 (10:17):
Once again?
Speaker 5 (10:17):
Which US state is home to the North Pole? Be
the eighth person today to texts us at six one
seven three six two thirteen eighty five with the correct answer,
and you want a Financial Exshane Showed t shirt once again?
Be the eighth correct response to text us at six
one seven three six two thirteen eighty five to get
(10:38):
that Financial Eks Shane Show t shirt. See complete contest
rules at Financial ekschange show dot com.
Speaker 2 (10:46):
Let's see. We got a piece here from the bloomy Berg.
It's titled Biden Team to probe Chinese chips setting up
Trump for tariffs? And what this is talking about, uh
is I'll quote here just because it does a better
job explaining it than I will. Has announced on Monday
it would initiate the inquiry and a so called foundational
chips also known as legacy or mature node semiconductors made
(11:07):
in China, well not as advanced as the trips driving AI,
the older technology is ubiquitous across a wide range of applications,
including autos, airplanes, medical devices. In the telecom industry. So
as an example, I go out and I buy a
I don't know a router for my home, or I
go out and I buy a I don't know a
(11:32):
microwave from my home, or I go out and I
buy a smartplog or something like that. Some of the
semiconductors that are made in there are pretty basic. They
don't need to do anything complicated like it's don't a
black it's turning a light bulb on and off when
I tell when my phone tells it to. And so
ultimately you're looking for the lowest cost supplier in those
(11:54):
cases many times, and oftentimes that tends to be in China.
So what the Biden administration is saying here is, look,
we want want to see if there's any risk associated
with these more basic types of chips, not for them
falling into the wrong hands. But I think this is
much more looking at hey, are there any security issues
that are built into these from a construction perspective? Uh,
(12:16):
you know, things along these lines. And I guess my
only point one this is you've been president for four years,
why are you doing this on your way out the door?
And I generally haven't been overly critical of the Biden
administration on China because they've basically done the same things
that I think Trump would have done in a lot
of cases as far as you know, trying to restrict
(12:37):
you know, more advanced chips and things along those lines.
They haven't repealed any of the tariffs that Trump had
put in, so I kind of graded them out is
like they're finely, they haven't been awful, they haven't been great,
they've been okay. But in this I kind of look
at it and I go, well, you're leaving office in
you know, twenty eight days, but why are you doing
(12:58):
this now? You know what? What's there?
Speaker 3 (13:00):
Yeah, I can't really discern whether or not this does
pose a significant national security concern, Like if we just
look at how simplistic some of those chips are, but
I don't know the scale of you know, the semiconductors
that are in all the different devices out there. It's
certainly we can both agree is a worthwhile endeavor to
at least explore this idea, and then also you need
(13:23):
to if you find an issue. It's certainly a supply
chain concern. Everything that we learn from COVID that you
want to be able to diversify your supply chains from
getting chips from other sources. So we'll see it's not
going to be obviously Biden's decision as to what to
do with this, So that will be on President Trump,
you know, six months plus from now, to make a
call one way or another.
Speaker 2 (13:42):
Let's get to something that we do know a little
bit more about and that we understand a little bit
more than Chinese made semiconductors. Netflix specifically, they've got two
NFL games that are going to be on Christmas. Now,
Christmas Day for sports there is one league and one
league that for Christmas Day. For the last twenty five years,
(14:03):
the NBA, they have owned Christmas Day for sports viewers.
I think they have five games a year that they're
doing on Christmas now. I think it's like a noon
two thirty five, eight o'clock and eleven.
Speaker 4 (14:15):
Yeah, it's either four or five, one of the two.
Speaker 2 (14:17):
They load the whole day up with games at this point,
and it's it's just it's it's huge. The NFL decided, hey,
you know what.
Speaker 4 (14:25):
We've been taking your lunch, let's take it.
Speaker 2 (14:27):
We would like in on the Christmas party. And so
you've got two games that the NFL has on Christmas
this year, and they are both going to be on Netflix,
first time ever that Netflix has had NFL games. So
you got Kansas City Pittsburgh at one PM and then
Baltimore Houston at four thirty. Both pretty good games. I
(14:50):
mean the Kansas City Pittsburgh is fine, Like it's not perfect,
but it is what it is here. So I think
the questions that are out there. Number one, hey, the
uh who was the stupid fight? That was a month?
That was the stupid one? Yeah? Yeah, Like twenty eight
year old fights like fifty five year old retired guy
(15:12):
and they basically pretend to fight. That was a real
worthwhile use of everyone's time, made worse by the fact
that Netflix had some buffering and streaming issues that made
it hard to watch. Actually, so I maintained at the
time I thought they were doing that just because look,
if you screw up a midnight fight between a has
(15:34):
been and a meh fighter, nothing really happens. It's like
the people that are up at that time anyways watching
that are kind of like, you know what you're gonna
get going into that, your your eyes wide open. You
mess up a Christmas Day game between Kansas City and
Pittsburgh and you've got some problems here. So I think
(15:58):
that was kind of a dry run to see how
this would go. But there's a lot riding on this,
not just for this game, but Netflix is making a
move into adding more and more live content. They have
WWE that they're picking up next year. I think did
they just sign was it? Uh? Yes, it was they.
Netflix has the rights to the twenty twenty seven and
(16:20):
twenty thirty one Women's World Cup. Now they announced that
last week gil so again that they are moving into
live sports because even they see the value in it.
And so this is something that is going to be
a cornerstone of the next five to seven years for them,
and they need to be able to prove hey, we
can do this, and ultimately they will. Yeah, it might
(16:44):
take this, It might take them, you know, a couple
runs to figure it out. But I remember the first
Amazon Thursday night football broadcasts and we were like, oh,
this isn't great, and now, okay, it's fine. Yep, it's
just another broadcast. It's it's fine. Like I don't like
having to go to Amazon to find it, but.
Speaker 4 (17:01):
That is frustrating whatever frustrating.
Speaker 2 (17:04):
So yeah, I think this is going to end up
working just fine for Netflix. They are a smart company.
They think they're doing on this stuff.
Speaker 5 (17:10):
I have high expectations. I think they're gonna knock it
out of the park. Honestly, as a viewer.
Speaker 2 (17:14):
Who's doing the commentary on those games, I will look
it up for you.
Speaker 5 (17:18):
But I know for like the pregame show and everything
that they went all out. They're going with everybody.
Speaker 3 (17:23):
They're going with Beyonce on the second game halftime show.
So that can't be cheap either to get hurt of before.
Speaker 2 (17:30):
Okay, here we go. So Chief Steelers is gonna be
Iron Eagle and Nate Burrowson and JJ.
Speaker 5 (17:33):
Watt, who we heard we heard Iron Eagle call the
Patriots and Bill's very.
Speaker 2 (17:39):
Good, good announcer, Like does this stuff? Burrowson does? What
does he do? I can't remember.
Speaker 5 (17:45):
He does the pregame show and he's good morning. He's
on one of the morning shows. He's on the CBS
Morning show.
Speaker 2 (17:50):
Oh, this is kind of funny. So Ravens Texans play
by play, Noah Eagle, who is Iron Eagle's son, Greg Olsen,
who I do think is the best of the business
at Color Jamie Erdaal who she used to be at
Nesson Is that right correct? And then Steve Weisch who
is a national reporter at NFL Network. So they they've
got some good people there. And the pregames show they yeah,
(18:14):
you got like a laundry list here, Kay Adams, Drew Brees,
Robert Griffin, the third Mantiteo, Mina Chimes or Rutledgs that
both mccordy brothers like. It's yeah, they got some names there.
So I think they're gonna be just fine.
Speaker 3 (18:29):
Football has really, the NFL has really tried to saturate
his product as much as possible around the holidays with games.
It's gonna be Saturday, Sunday, sorry, Thursday, Saturday Sunday, Monday, Wednesday.
Speaker 4 (18:45):
Thursday, Saturday. I think there's some crazy spam.
Speaker 2 (18:48):
You guys know what's coming in the next year or
two every day. No, you're gonna have New Year's Day games.
Oh oh, they're gonna take on Bowl season. Yeah, they're
absolutely going to.
Speaker 4 (18:58):
Yeah, it's it's a lot. It's a lot of football
to watch.
Speaker 2 (19:02):
Here's the thing. Everyone's been predicting their demise for years.
Oh my god, I remember cub in a few years
back being like, Oh, it's gonna get too saturated. No,
like they're fine, They're making plenty of money. Quick break
here Trivia answers next.
Speaker 1 (19:21):
Bringing the latest financial news straight to your radio. Every day.
It's the Financial Exchange on the Financial Exchange Radio Network.
Text does six one seven three six two one three
eight five with your comments and questions about today's show.
This is the Financial Exchange Radio Network.
Speaker 2 (19:45):
All right.
Speaker 5 (19:46):
Tribute questions today was which US state is home to
the north Paul poll? That would be Alaska. North Pole,
Alaska was incorporated nineteen fifty three and is part of
the Fairbanks metropolitan Area. North Pole has a population of
twenty three hundred. There you go. Chris from Pocasse at
Mass is our winner today, taking home a Financial eks
(20:08):
Shane Show t shirt. Congrats to Chris. We play trivia
every day here on the Financial exs Change. See complete
contest rules at Financial Ekshane Show dot com.
Speaker 2 (20:18):
You know what the weirdest thing about Alaska is?
Speaker 5 (20:22):
The sun thing?
Speaker 2 (20:23):
No, it's not that. You guys know what the capital
of Alaska is, right, Juna Anchorage, Juno Juna. The thing
about Juno it's not connected to the rest of the
state by any roads. So you got the capital of
the state that you can't get to via road. It's
not even connected to the contiguous United States by like,
to the rest of the United States by any roads.
(20:45):
You can't get to Juno, Alaska by driving from anywhere
else in the US. HM. Watch me. And here's the thing.
Here's the thing about Juno the population of it an idea,
how big it is? No clue already two thousand people, Anchorage,
Alaska two hundred and eighty six thousand people. I mean,
(21:06):
this is full on all benev versus New York City.
That at least you can kind of understand, like why
it happened like that. This one's probably something similar. It's
just we don't live close enough to know. But yeah, Juno,
Alaska no roads connecting it to the rest of the state,
so uh yeah, you basically have to come in by
plane or boat. Thirteen Anonymous media executives make predictions for
(21:32):
the new year. What do we learned from this, Paul?
What a thing's gonna happen?
Speaker 3 (21:36):
A lot of consolidation is is pretty much the quickest
cut and dryway to say it. Where comcasts will acquire
assets from Warner Brothers. Fox will acquire some of Warburg's
discovery assets. All the names of this company is it's
really hard to keep track of who has what and
what that means from a media perspective. So I'm not
even going to try and scrutinize, you know, what shows
(21:58):
or what products like are part of these. But the
long and short is, and this has been roomored around
for a while, is that consolidation right in the media industry, consolidation.
As linear cable declines, there's gonna be a lot of consolidation,
whether that's streaming platforms or some of these media assets.
That's definitely a big piece of it. There also were
some predictions surrounding Jeff Bezos perhaps being bullited in selling
(22:22):
the Washington Post. I don't really see that necessarily being
the case.
Speaker 5 (22:28):
But what's the biggest one that stands out to you guys,
because I have mine. Out of the ones that are
in here, I correct, out of all these anonymous exact
what's the one that like raised your eyebrows the most.
EA being bought by a big tech company Bengo, So
(22:50):
I'll go this way.
Speaker 2 (22:51):
I don't think a big tech company is gonna buy
e and they list, you know, Netflix alphabet Netflix. Netflix
isn't a tech company? Can we stop calling them?
Speaker 4 (23:01):
Like?
Speaker 2 (23:01):
What what's the tech? Dude?
Speaker 5 (23:03):
Video games is tech?
Speaker 2 (23:05):
Video games might be, but like, Netflix isn't it. Let
me ask you this. Granted, none of us were alive
in nineteen eighty, so this is kind of a hard
question to answer. Did anyone in nineteen eighty consider Cable
Vision a tech company?
Speaker 4 (23:20):
No?
Speaker 2 (23:21):
No, like they were a cable company.
Speaker 5 (23:22):
Cable company.
Speaker 2 (23:23):
Yeah, like you were like, oh look at how technologic. No,
they were a cable company. So why cause Netflix streams
over the same cable just in a different way. Are
We're like, whoa Netflix is a tech company?
Speaker 5 (23:37):
Man?
Speaker 2 (23:39):
Is it because they have the word net in their name?
Is it because they have a website of.
Speaker 4 (23:44):
The algorithms they they've But even before.
Speaker 2 (23:48):
That, like they've been like they've had this moniker as
a tech company when they they're not particularly techie, Like
they don't make any tech. They just stream stuff back
and forth, back and forth. Oh you want WWE? Here's
some WWE. You want to watch National Treasure too? Here
it is book of secrets. I don't know, but yes,
(24:10):
I think Netflix wants to get into video games. You
know that, because there already are some video games on
Netflix's platform. I think that's interesting to me. The question
that I have is I'm not really plugged into the
video game world the way that I used to be.
Speaker 5 (24:26):
Yeah, I don't play them like I did.
Speaker 2 (24:28):
Honestly, I haven't bought a console since maybe two thousand
and eight. I think, yeah, I'm right in that same region.
I haven't bought whatever the most, the two xboxes, ago
or whatever. I'll tell you the video games that I
do play. I still have a working Nintendo sixty four,
me too, Super Nintendo, and Original Nintendo. I don't know
(24:50):
my original Nintendo. I fired it up the other day
to play a little duck Hunt and bubblah bah bah.
Speaker 5 (24:55):
Oh you got to bring that in.
Speaker 2 (24:57):
So nineteen eighty three is when this thing was made,
maybe nineteen eighty four, so it's somewhere like forty to
forty one years old. Plays like it's it's the day
it came out of the box. Hadn't even used it
in like a year. I was like, okay, let me
fire this up, like see if it works, no problem
at all?
Speaker 4 (25:15):
Wow?
Speaker 2 (25:15):
Still great, Wow, Superintendent, same thing. I can still make
Wayne Gretzky's head believe in NHL ninety four.
Speaker 1 (25:23):
Never had Super Nintendo.
Speaker 2 (25:24):
Oh it's fantastic, But yeah, I think here's here's what
I was saying about the video game industry. The money
required to make these games now, like the big Blockbuster ones,
is so high. I don't know how you can continue
to exist as a standalone and spend that much money
(25:44):
because the capitol required it's like shooting a movie these days,
Like you're spending half a billion dollars or more to
make these games and then your first week sales are
like seven hundred million dollars on the block Bockbuster games.
Speaker 3 (26:01):
So wouldn't that further the case that it would make
sense that they're an acquisition target. Not to mention, Activision
was kind of the precedent for this being sold to microstoft.
I could understand, perhaps scratching my head as to like
why Apple would want to grab them, but an acquiscent
turn in general, I could kind of get.
Speaker 2 (26:19):
It's not so much the acquisition. I just don't think.
My thing was more like Netflix is not a tech
company like there, and I don't know if Netflix has
deep enough pockets. Quite honestly, maybe they do, maybe they don't.
But I let me see what Netflix is sitting on
from like a cash perspective. I kind of look at
them and go, I don't know if that makes a
ton of sense there, but I could totally see someone
(26:42):
trying to buy up EA now. But I also wonder, like,
what what are the big game Like? Was there a
Call of Duty game this year or anything?
Speaker 4 (26:54):
Yeah?
Speaker 5 (26:55):
Black Ops six?
Speaker 2 (26:56):
I think it was, oh number six. Huh yeah, I'm
number one, right exactly.
Speaker 5 (27:03):
I mean Disney and EA have had that relationship for
a while too. If the Star Wars things, that would
make sense, right, incorporate that with Disney plus or something.
Speaker 3 (27:11):
Another prediction here the sports steaming service Venue will never
launch and Fox will license its sports content to ESPN
streaming service.
Speaker 4 (27:19):
That one, I'd be really.
Speaker 3 (27:20):
Surprised if Fox would go to that level of licensing
its sport content to ESPN streaming service. I don't really
I would say that one to me is a little
bit more stunning in terms of a prediction here that
I just don't see them doing that to such a
big competitor.
Speaker 2 (27:38):
But folks want to talk to you about the guide
this month from the Armstrong Advisory Group. There's only eight
days to go until twenty twenty five, and the guide
this month is titled The Key Numbers for twenty twenty five?
What types numbers? Tax bread updates, social Security, cost of
living adjustments, retirement account contributional and it's Medicare premiums. These
(28:00):
are some of the numbers that are detailed in the
Armstrong guide The Key Numbers for twenty twenty five. How
do you request it? Call eight hundred three nine three
for zero zero one. That number again is eight hundred
three nine three for zero zero one. Doesn't cost you
anything and the guide is packed with useful information to
(28:23):
help you make more informed financial choices in the new year. Again,
the guide is titled The Key Numbers for twenty five.
You can request it by calling eight hundred three nine
three for zero zero one.
Speaker 1 (28:36):
The proceeding was paid for by Armstrong Advisory Group, a
registered investment advisor. Nothing in the ad or in any
Armstrong guide a specific financial, legal or tax advice. Consult
your own financial tax into state planning advisors before making
any investment decisions. Armstrong make contact you to offer investment
advisory services.
Speaker 3 (28:51):
Paul You buying any eggs lately. I haven't but heard
how much are they? Paul costs her up?
Speaker 2 (28:56):
Paul, what do you think it doesen X costs?
Speaker 4 (29:00):
See here three sixty five?
Speaker 2 (29:03):
Shoot. In any case, you got egg prices moving up again.
It's not because of anything other than bird flu and
the culling of bird herds and flocks whatever you call them,
in order to try to stem this bird flu that's
going around. So we saw this, I think it was
(29:24):
two years ago as well, something similar with a bird
flu at the end of twenty twenty two. This is
what's going on here. It's probably not going to last
very long as far as the rise and egg prices,
but it makes things a little bit uncomfortable as you're
heading into the new year, just because eggs are one
of those low cost staples that hey, when they double
what price they do make people do a double take.
(29:46):
And it obviously isn't something that you'll love to see
egg price is doubling in you know, the last couple months.
Speaker 4 (29:53):
Here, you guys eggnog fans, No, yeah, I can have
one glass of it. That's about it.
Speaker 2 (29:59):
Not for me.
Speaker 4 (30:00):
What's like, what's the typical alcoholic drink? What do they
mix it?
Speaker 5 (30:03):
With brandy.
Speaker 4 (30:04):
Okay, I've never had that? Is it any good?
Speaker 1 (30:08):
Paul? Come on? Is it good?
Speaker 5 (30:11):
Of course it's good. Yeah, all right, it's something you.
Speaker 1 (30:14):
Gotta have every Christmas.
Speaker 4 (30:15):
Come on, you never have that? No?
Speaker 2 (30:17):
Oh, it's fine. It's replacement level in my opinion. It's okay.
You can get dangerous, but it's so rich, like I
can't see you pounding down like a bunch of globes. Well,
you have to dilute it in a mixer and with ice,
and then it goes down nice.
Speaker 1 (30:34):
You know.
Speaker 5 (30:35):
It's not like thick, thick eggnog.
Speaker 2 (30:38):
Again, it's it's not really in my bag. It's not
not something I la.
Speaker 5 (30:43):
It's a classic.
Speaker 2 (30:44):
Come on, I come on, it's fine. It's a replacement level.
It's okay. Let's take a quick break here. When we
come back, we'll find out if I'm replacement level. Right
after this.
Speaker 1 (30:56):
Fine daily interviews and full shows of the Financial Exchange
And now are you tube page? Like us on YouTube
and get caught up on anything and everything you might
have missed. This is the Financial Exchange Radio Network.
Speaker 2 (31:15):
All the wear the outside is frightful.
Speaker 1 (31:19):
What the fire is?
Speaker 2 (31:21):
All right? Paul?
Speaker 3 (31:22):
What do you got for me for stack roulette, running
red lights, speeding, and aggressive driving. Can traffic cameras curb
the notorious Massachusetts driver? What I'm talking about here is
the idea of using cameras at different traffic areas to
issue issue traffic violations, rather than just a police officer
(31:43):
sign you for running a red light or taking an
illegal turn. Currently, twenty three states use cameras for red
light violations and twenty two states allow for them to
catch speeders. But under Massachusetts current state law, we cannot
use this technology for traffic viol and I have mixed
feelings here. I'm sure from a safety perspective, it's probably
(32:05):
the way to go, But I let me tell you,
you do as a scofflaw every once in a while
think that, uh you know, no whistle, no foul kind
of thing.
Speaker 2 (32:16):
Let me tell you this. You can take the driver
out of the jungle, but you can't take the jungle
out of the driver.
Speaker 5 (32:25):
Ta cameras.
Speaker 1 (32:26):
Sho.
Speaker 2 (32:27):
You know what's gonna happen with these cameras? Nothing? You
can't stop the Boston drivers. What are you talking about?
Speaker 5 (32:33):
Flipping that camera?
Speaker 2 (32:35):
Yeah, it'll be double freedom rockets from us. Look, here's
what's interesting. For all the crap that Massachusetts gets about,
like hey, like it has some of the tightest laws
on this, that and whatever, twenty three different states use
cameras for red light violations. You would think Massachusetts would
be one of those first. Nope, And look, I don't
(32:59):
know if these work or don't. Certainly like some of
the data that's out there suggests, I forget which where
was it in here? It was something like it was
a thirty seven percent reduction in something, but I don't
know what, So that's kind of useless.
Speaker 4 (33:15):
Let's see.
Speaker 3 (33:15):
New York City was the first in the country to
adopt these enforcement camps for red lights back in ninety four.
Violations and intersections with cameras have declined by seventy three
percent seventy three.
Speaker 2 (33:24):
I mixed it up.
Speaker 3 (33:25):
T Bone crashes have dropped by sixty five percent, and
rears rear end crashes have declined as well, by forty
nine percent.
Speaker 2 (33:35):
Can I just while we're on this topic, talk about
my favorite accident that I've ever witnessed.
Speaker 3 (33:41):
Okay, what, No people were severely harmed. No, it brought
me great too.
Speaker 2 (33:47):
No one was hurt, which is why, like, I have
great joy from this all ranks. So I'm driving through Newton, Massachusetts,
and I'm at a three way intersection. I'm the bottom
of the tea with the the cross you know, coming above,
and the light's green going the other way. So I'm
stopped on the first car there at the intersection, and
(34:08):
the lights on the other side go red and mine
turns green, and I'm about to go, and all of
a sudden, I catch something out of the corner of
my right eye and I look at it and I'm like, oh,
there's like someone trying to fly the light and run
the light. So I give, you know, a classic Massachusetts honk,
(34:28):
maybe a second or three too long, but hey, like, dude,
you just ran a red light and would have t
boned me if I had gone through when I was
supposed to. This guy looks at me, starts flicking me off, okay,
without realizing that if he continues, there's another red light
(34:48):
in front of him, and just rams into the car
right in front of him. Not too fast. He was
going like maybe fifteen miles an hour by the time
he finally did it, so no one was hurt. Like,
I don't even know if the airbag the ploys, but
I was supposed to be turning that way. I just
turned to the right and go the I'm like, okay, sorry, buddy,
Like you deal with that. I'm gonna go this way
(35:09):
and just left and way because I'm like, guy, like,
what what are you doing here?
Speaker 4 (35:14):
Oh that's tremendous. That's the ultimate victory karma.
Speaker 3 (35:17):
Yeah, because karma is never has it been paid off
so quickly right in front of your face. I mean,
we've all been in the situations where you're like, the
person just did that. I don't wish them harm, but
I wish them a slight annoyance, which is exactly.
Speaker 2 (35:31):
What that guy got, right, Because it's just so circling
back on all this stuff, Oh, here we go. Nationwide
studies have shown speed cameras can reduce roadway deaths and
injuries by twenty to thirty seven percent. So I'm trying
to think of how we actually become better drivers, and
for me, the single biggest thing we got to stop texting.
Speaker 3 (35:53):
Oh sure, that's for a while, but we need to
figure out a better way to do it.
Speaker 2 (35:58):
Because right now you're driving home, whether it's on the
highway or anywhere else, you look around and it's like
you're doing something, you're doing something, you're watching like Shawshank Redemption,
Like what's going on here? It's just not good. And
(36:19):
the places that I see the most accidents now are
in straightaways on the highway with no merging or anything,
and it's just because someone thinks they can be doing
sixty five and they don't realize the traffic stopped ahead
of them and they're just rear ending someone on a
straight stretch of highway.
Speaker 5 (36:33):
I saw someone probably like just over a month ago
on the highway where like everybody's coming to a complete
standstill in terms of like, oh, here's another wave of traffic. Great,
but this one guy just continues to roll ten miles
an hour, crunch into the back of a car, like
what are you doing?
Speaker 4 (36:49):
Like what are you watching?
Speaker 5 (36:50):
I don't get it right.
Speaker 2 (36:52):
It can wait till you get home. So I think
we still need to do something there. I am still
a big proponent of if you really want to get
rid of texting and driving, yeah, yeah, we know the
penalty for doing so. The officer takes your phone, runs
it over with their cruiser, and you will never text
and drive again.
Speaker 4 (37:12):
Wow, that's a severe punishment.
Speaker 2 (37:14):
It's not that severe.
Speaker 5 (37:15):
They'll just go get a new phone and do the
same thing, though probably not No.
Speaker 4 (37:19):
Probably hopefully all your stuff is back up to the iCloud. Uh.
Speaker 2 (37:23):
Phones aren't cheap, Tucker. It's more expensive than any fine
you'll pay. And you got the inconvenience of you can't
just swap the SIM card out. Yeah, it's a whole
process at that point, but uh, that's just me.
Speaker 1 (37:37):
Uh.
Speaker 2 (37:37):
Yeah, we're done for the day. Merry Christmas, Merry Christmas Christmas.
I didn't know if we were doing a show tomorrow
or not, but in any case, tune in to find out. Yeah,
I hope everyone does have a great Christmas. Great honeck
if you celebrate, and uh, we'll be seeing you over
the next week or so. Enjoy
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