November 26, 2025 • 8 mins
Ron discusses how consumers are preparing for Black Friday for shopping amid rising holiday prices. He shares practical budgeting strategies, such as setting strict budgets and focusing on essential purchases. In addition, tariffs being part of the economic policies are adding to consumer uncertainty. Both Ken and Ron emphasize the importance of patience in the coming months as the longer-term effects on consumers and the market unfold.
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Episode Transcript
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Speaker 1 (00:00):
Now more of the Marximone show on seven to ten
wo R. Coming in from Mark. Here again is Ken
Rosato and good to be with you on the Wednesday
before Thanksgiving and Mark has enjoined a nice long weekend.
You know, new data from Deloitte shows that Americans are
planning on spending less this Black Friday than in years past.
(00:20):
It's a reversal from tradition. Financial expert Ron Glasgow is
here to talk about some possible reasons why and what
MA way you want to do to ensure that we
have our budgets under control. In twenty twenty six. Good morning,
Ron Glasgow, Good morning, How are you good? Very good?
Happy Thanksgiving in a little early So this Deloitte data
should be a little concerning, right Does it suggest a
(00:42):
contraction of the economy. The economy could be on the way.
Speaker 2 (00:47):
Yeah, I think it makes that suggestion. And I always say,
you never want to look at any one article. You
want to look at a spattering. But you know, article
after article shows that consumer confidence is really down, probably
for the lowest since three or four years ago when
interest rates were really spiking. So, you know, to me,
it just feels like we've been on this bull market
for so long. You know, stocks are at all time
(01:09):
high goals and at all time high. Everything's sort of
it at all time high and you know, nothing goes
up forever. So to me, it kind of feels like
a jack in the box, and you know every quarter
that goes by, well we have these new highs. It's
kind of turning that crank a quarter of a turn
and sooner or later that jackson to come out of
the box.
Speaker 1 (01:25):
Yeah, like musical chairs, music stops, no extra chair. Sorry.
The data is showing now that people who make under
fifty thousand a year plan on scaling back spending by
twelve percent. People who weren't over two hundred thousand plan
on cutting back eighteen percent. That shocked me because I
thought the people who made over two hundred thousand, while,
they'll make it up, Yeah, they'll be spending more money.
So is it just that people don't feel secure now
(01:48):
overall about what's coming up in the next couple of quarters.
Speaker 2 (01:51):
Yeah, I think that's really it. You know, the markets
hate uncertainty, and there's quite a bit of.
Speaker 1 (01:56):
That right now.
Speaker 2 (01:57):
But just everyday people, you know, I'm pretty ugged into
my community and it's a fairly well to do community,
and people are, you know, concerned about prices. You know,
I did a podcast a while ago and on that
particular day, inflation came in at three percent in seat
of three point one and the market hit at all
time high. Well that's great for eggheads like me, but
(02:18):
for everyday people it doesn't matter. You know, it's you
have this massive run up in inflation. So now this
sut are control, it doesn't mean that prices dial back.
You know, people are just still gaining at a reasonable
pace on top of that massive jump. And that's very
difficult to deal with.
Speaker 1 (02:32):
Yeah, I mean, I've heard some people say that. In fact,
Sean Hannedy was talking about this the other night. He said, look,
it's going to take until at least the middle of
next year before you see some of the the changes
that were enacted by the Trump administration in terms of
positively affecting the economy. And then, if you know, you
may be too young to remember this, I'm fifty eight.
(02:53):
In the back in the Reagan days, everybody said, oh,
look it's riconomics isn't working. It's a big failure. It
took till two years, and at two years, all of
a sudden, the economy flips because in the late seventies
we had total malaise. It was a horrible economy, and
people thought that was the new normal. But it shifted
nineteen eighty two to nineteen eighty eight, the economy was gangbusters.
(03:15):
So do we just have to be patient or do
you think this might be kind of a long term
deal to deal with.
Speaker 2 (03:22):
Yeah, you know, I do think that we need to
be patient. And that's one thing Americans just aren't very
good at. You know. You know, you people like love
to throw darts at President Trump, and I get it.
The guy's a lightning rod more than any other president
I've ever seen in my lifetime. And I do remember
the great round of Riggan, by the way, Yes, but
you know he's the lightning rod. So he's gonna get
his share criticism and his followers are going to love
(03:44):
what he says. But you know the thing you do
with tariffs. You know, I grew up with a steel
mill town, and I know that the Chinese would take
advantage of us in the seventies. So it's good he's
doing some things. I think what makes people nervous is
is sort of this back and forth. You know, we're
going to attack Brazil on coffee. We're gontax vietnamal on coffee.
Now we're going to take that away. So but that's
(04:05):
his style, you know, the guy guess results, and that's
just the way he works. That's unsettling to some people.
But yes, I think patience is key, and don't be
afraid for the market to pull back. That's a very
normal thing. You know, earlier this year we had one
man you before, we were in the middle of a
great recession. Again, people are kind of freaking out, and
you've got to uh manage your savings and your investments
(04:28):
for sort of an all weather portfolio and anticipate those
pullbacks because they do occur.
Speaker 1 (04:32):
I think Trump is doing kind of a ropidope. You know,
he confuses you, he makes you look over here, and
then he does something on the other side. He really
is the kind of guy people you know, many on
the left call him nuts, they call him he's losing it.
I think he is genius on a level that we
don't understand, and he plays chess on such a level
that we can't comprehend. And I just really do think
(04:55):
that what we look at as confusion or as lack
of planning is very planned on his part.
Speaker 2 (05:03):
Yeah, you know, clearly he's much moreter than I am.
You know, I'm a former marine. I could barely play Checkers,
let alone, so he's got me.
Speaker 1 (05:11):
I can't even play Checkers.
Speaker 2 (05:13):
So there. You know. Another guys that reminds me of
is Jim Harbaugh the football. You know, supposedly he thrives
on a chaotic environment and that's how he coaches and
very successful. It's rare, but it works for certain people.
Speaker 1 (05:24):
Absolutely.
Speaker 2 (05:24):
Well.
Speaker 1 (05:24):
Look, the only thing that really concerns me, and I'm
sure if you're you clearly know, but better than the economy,
better on the economy than me. Consumer spending accounts for
seventy percent of the GDP, and so how will a
possible downswing of four percent and spending impact our gross
domestic product?
Speaker 2 (05:44):
Yeah, and you know I can't do the calculations on
the fly, but that is a massive concern. America's business
is business, and so when people stop spending and doing business,
it kind of has an avalanche a sect. So that's
the real concern is that people stop. And you know,
I think good to see it slow just because people
are starting to run out of money. You know something
(06:05):
that is a little silly, but it comes to mind,
is if you remember the subway commercial five dollars five
dollars foot long. I don't know how long ago that was,
but it wasn't very long. You know. I had to
have my oil change a couple of weeks ago, and
I stopped in the subway for the first time in
a long time. The cheapest sub on the Mediu was
a venue sub at ten dollars and twenty cents.
Speaker 1 (06:21):
Yeah.
Speaker 2 (06:22):
So again, I can't remember exactly when that jingle stops,
but I know no one's income is doubled in that time.
Speaker 1 (06:27):
You know what I just went for? Listen. I never
went for a fancy haircut my whole life, honestly. I
mean even when I was a news anchor over at
over at Channel seven here in New York, I always
went to Supercuts. I'm sorry, people are gonna laugh. They
tease me all the time. Oh, you must go to
one of those fancy French places. Now I got a
sup I call it supekup. I go to the Supercup.
It used to be like twelve ninety five. It's twenty
(06:49):
six dollars and you could go to a barber and
spend less. Now it seems than it's some supercuts. It's
just amazing. And yes, like you said, in a year
it jumped from like seven ten whatever to twenty six
it's amazing. What what's happening to with inflation right now?
So it's a little unnerving, I'm sure. So what's a
website for people to read more about you?
Speaker 2 (07:09):
Ron? Oh? Sure? Glasgow investments dot com Glasgow like the
City of Scotland Investments dot com.
Speaker 1 (07:14):
There you go, financial expert, Ron Glasgow. Thank you for
coming on the Mark Simone Show today. Happy Thanksgiving to
you you too, Thank you very much, Thank you. All right, Hey,
celebrate the season with the iHeartRadio Holiday Special one night
to get you in the holiday spirit with exclusive performances
from Google Dolls, Gwen Stefani, Lady A, Meghan Trainer and Pentatonics.
(07:35):
I Love Pentatonics. Listen to the show tonight at seven
on Holiday Seasons Radio on our free iHeartRadio app. Mostly cloudy,
mild today, highs about sixty degrees, partly cloudy tomorrow for
the Thanksgiving but it's going to be like ridiculously windy
and a lot cooler highs in the low forties. Wins
are going to make it feel colder than that. Phone
lines are open. We'll take your calls next eight hundred
(07:57):
three to two one zero seven ten three two one
zero seven ten It's Ken Rozotto win from Mark on
your Wednesday seven ten WR coming right back
Now more of the Marximone show on seven to ten
wo R. Coming in from Mark. Here again is Ken
Rosato and good to be with you on the Wednesday
before Thanksgiving and Mark has enjoined a nice long weekend.
You know, new data from Deloitte shows that Americans are
planning on spending less this Black Friday than in years past.
(00:20):
It's a reversal from tradition. Financial expert Ron Glasgow is
here to talk about some possible reasons why and what
MA way you want to do to ensure that we
have our budgets under control. In twenty twenty six. Good morning,
Ron Glasgow, Good morning, How are you good? Very good?
Happy Thanksgiving in a little early So this Deloitte data
should be a little concerning, right Does it suggest a
(00:42):
contraction of the economy. The economy could be on the way.
Speaker 2 (00:47):
Yeah, I think it makes that suggestion. And I always say,
you never want to look at any one article. You
want to look at a spattering. But you know, article
after article shows that consumer confidence is really down, probably
for the lowest since three or four years ago when
interest rates were really spiking. So, you know, to me,
it just feels like we've been on this bull market
for so long. You know, stocks are at all time
(01:09):
high goals and at all time high. Everything's sort of
it at all time high and you know, nothing goes
up forever. So to me, it kind of feels like
a jack in the box, and you know every quarter
that goes by, well we have these new highs. It's
kind of turning that crank a quarter of a turn
and sooner or later that jackson to come out of
the box.
Speaker 1 (01:25):
Yeah, like musical chairs, music stops, no extra chair. Sorry.
The data is showing now that people who make under
fifty thousand a year plan on scaling back spending by
twelve percent. People who weren't over two hundred thousand plan
on cutting back eighteen percent. That shocked me because I
thought the people who made over two hundred thousand, while,
they'll make it up, Yeah, they'll be spending more money.
So is it just that people don't feel secure now
(01:48):
overall about what's coming up in the next couple of quarters.
Speaker 2 (01:51):
Yeah, I think that's really it. You know, the markets
hate uncertainty, and there's quite a bit of.
Speaker 1 (01:56):
That right now.
Speaker 2 (01:57):
But just everyday people, you know, I'm pretty ugged into
my community and it's a fairly well to do community,
and people are, you know, concerned about prices. You know,
I did a podcast a while ago and on that
particular day, inflation came in at three percent in seat
of three point one and the market hit at all
time high. Well that's great for eggheads like me, but
(02:18):
for everyday people it doesn't matter. You know, it's you
have this massive run up in inflation. So now this
sut are control, it doesn't mean that prices dial back.
You know, people are just still gaining at a reasonable
pace on top of that massive jump. And that's very
difficult to deal with.
Speaker 1 (02:32):
Yeah, I mean, I've heard some people say that. In fact,
Sean Hannedy was talking about this the other night. He said, look,
it's going to take until at least the middle of
next year before you see some of the the changes
that were enacted by the Trump administration in terms of
positively affecting the economy. And then, if you know, you
may be too young to remember this, I'm fifty eight.
(02:53):
In the back in the Reagan days, everybody said, oh,
look it's riconomics isn't working. It's a big failure. It
took till two years, and at two years, all of
a sudden, the economy flips because in the late seventies
we had total malaise. It was a horrible economy, and
people thought that was the new normal. But it shifted
nineteen eighty two to nineteen eighty eight, the economy was gangbusters.
(03:15):
So do we just have to be patient or do
you think this might be kind of a long term
deal to deal with.
Speaker 2 (03:22):
Yeah, you know, I do think that we need to
be patient. And that's one thing Americans just aren't very
good at. You know. You know, you people like love
to throw darts at President Trump, and I get it.
The guy's a lightning rod more than any other president
I've ever seen in my lifetime. And I do remember
the great round of Riggan, by the way, Yes, but
you know he's the lightning rod. So he's gonna get
his share criticism and his followers are going to love
(03:44):
what he says. But you know the thing you do
with tariffs. You know, I grew up with a steel
mill town, and I know that the Chinese would take
advantage of us in the seventies. So it's good he's
doing some things. I think what makes people nervous is
is sort of this back and forth. You know, we're
going to attack Brazil on coffee. We're gontax vietnamal on coffee.
Now we're going to take that away. So but that's
(04:05):
his style, you know, the guy guess results, and that's
just the way he works. That's unsettling to some people.
But yes, I think patience is key, and don't be
afraid for the market to pull back. That's a very
normal thing. You know, earlier this year we had one
man you before, we were in the middle of a
great recession. Again, people are kind of freaking out, and
you've got to uh manage your savings and your investments
(04:28):
for sort of an all weather portfolio and anticipate those
pullbacks because they do occur.
Speaker 1 (04:32):
I think Trump is doing kind of a ropidope. You know,
he confuses you, he makes you look over here, and
then he does something on the other side. He really
is the kind of guy people you know, many on
the left call him nuts, they call him he's losing it.
I think he is genius on a level that we
don't understand, and he plays chess on such a level
that we can't comprehend. And I just really do think
(04:55):
that what we look at as confusion or as lack
of planning is very planned on his part.
Speaker 2 (05:03):
Yeah, you know, clearly he's much moreter than I am.
You know, I'm a former marine. I could barely play Checkers,
let alone, so he's got me.
Speaker 1 (05:11):
I can't even play Checkers.
Speaker 2 (05:13):
So there. You know. Another guys that reminds me of
is Jim Harbaugh the football. You know, supposedly he thrives
on a chaotic environment and that's how he coaches and
very successful. It's rare, but it works for certain people.
Speaker 1 (05:24):
Absolutely.
Speaker 2 (05:24):
Well.
Speaker 1 (05:24):
Look, the only thing that really concerns me, and I'm
sure if you're you clearly know, but better than the economy,
better on the economy than me. Consumer spending accounts for
seventy percent of the GDP, and so how will a
possible downswing of four percent and spending impact our gross
domestic product?
Speaker 2 (05:44):
Yeah, and you know I can't do the calculations on
the fly, but that is a massive concern. America's business
is business, and so when people stop spending and doing business,
it kind of has an avalanche a sect. So that's
the real concern is that people stop. And you know,
I think good to see it slow just because people
are starting to run out of money. You know something
(06:05):
that is a little silly, but it comes to mind,
is if you remember the subway commercial five dollars five
dollars foot long. I don't know how long ago that was,
but it wasn't very long. You know. I had to
have my oil change a couple of weeks ago, and
I stopped in the subway for the first time in
a long time. The cheapest sub on the Mediu was
a venue sub at ten dollars and twenty cents.
Speaker 1 (06:21):
Yeah.
Speaker 2 (06:22):
So again, I can't remember exactly when that jingle stops,
but I know no one's income is doubled in that time.
Speaker 1 (06:27):
You know what I just went for? Listen. I never
went for a fancy haircut my whole life, honestly. I
mean even when I was a news anchor over at
over at Channel seven here in New York, I always
went to Supercuts. I'm sorry, people are gonna laugh. They
tease me all the time. Oh, you must go to
one of those fancy French places. Now I got a
sup I call it supekup. I go to the Supercup.
It used to be like twelve ninety five. It's twenty
(06:49):
six dollars and you could go to a barber and
spend less. Now it seems than it's some supercuts. It's
just amazing. And yes, like you said, in a year
it jumped from like seven ten whatever to twenty six
it's amazing. What what's happening to with inflation right now?
So it's a little unnerving, I'm sure. So what's a
website for people to read more about you?
Speaker 2 (07:09):
Ron? Oh? Sure? Glasgow investments dot com Glasgow like the
City of Scotland Investments dot com.
Speaker 1 (07:14):
There you go, financial expert, Ron Glasgow. Thank you for
coming on the Mark Simone Show today. Happy Thanksgiving to
you you too, Thank you very much, Thank you. All right, Hey,
celebrate the season with the iHeartRadio Holiday Special one night
to get you in the holiday spirit with exclusive performances
from Google Dolls, Gwen Stefani, Lady A, Meghan Trainer and Pentatonics.
(07:35):
I Love Pentatonics. Listen to the show tonight at seven
on Holiday Seasons Radio on our free iHeartRadio app. Mostly cloudy,
mild today, highs about sixty degrees, partly cloudy tomorrow for
the Thanksgiving but it's going to be like ridiculously windy
and a lot cooler highs in the low forties. Wins
are going to make it feel colder than that. Phone
lines are open. We'll take your calls next eight hundred
(07:57):
three to two one zero seven ten three two one
zero seven ten It's Ken Rozotto win from Mark on
your Wednesday seven ten WR coming right back
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