July 19, 2025 • 41 mins
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Episode Transcript
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Speaker 1 (00:04):
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(01:14):
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Speaker 2 (01:34):
We're just trying to turn a neckel into a dime.
Speaker 3 (01:38):
That's the bottom line.
Speaker 4 (01:46):
Welcome to real, honest talk about money, politics, news and
information you can actually use. Buggle up and hold on tight.
This is that's the bottom line.
Speaker 5 (02:02):
The best thing. But you can give them to the
bed and be.
Speaker 6 (02:11):
That's good morning, everybody. This is that's the bottom line.
I'm your host, Jeff Lewis of Asset Growth Associates along
with Jean Valerani. It's absolutely marvelous to be with you
this weekend. I'm celebrating not just my own birthday, but
(02:35):
also my grandmother is turning eighty seven today, though she's
recovering from heart surgery. Said ask everybody to keep her
in your prayers. So straight to our top line story,
and that's the economy.
Speaker 7 (02:47):
The US government reported a twenty seven billion dollar surplus
in June, boosted by a thirteen percent rise in receipts
and a surge in tariff collections. According to CNBC, customs
duties jumped three hundred and one percent year over year
to twenty seven billion dollars for the month and have
totaled one hundred thirteen billion dollars so far this fiscal year,
up eighty six percent from twenty twenty four.
Speaker 6 (03:10):
Thanks to the Trump tariffs, the US government is back
in the black. It's the first monthly budget surplus in
eight years since Trump's first term. Make no mistake, He's
still got a dev separate fiscal year. But with record
tariff revenues now flooding the government coffers, and with the
stock market's major indassies all near or at record ties,
(03:32):
it looks like America is back in business.
Speaker 8 (03:36):
I think we're just making it. S and B five
hundred new record here. Nasdak Composite also eked out some
gains another record. Now we are all from those record highs,
but still we are up around two hundred point.
Speaker 6 (03:49):
The S and P five hundred, which was just below
six thousand points when Trump was inaugurated on January twentieth,
is now up four and a half percent in the
last six months, which annualized is a nine percent yield.
The market is really starting to take off, and now
with over fifteen trillion dollars in foreign investment pledge to
enter the United states, the arrows are all green. Here's
(04:12):
one Wealth analyst, Elizabeth Evans, speaking on Fox Business on Tuesday.
Speaker 9 (04:17):
I think the two catalysts for the next leg in
the equity markets broadening out. So this has been a
very narrow market. So as we see broader market participation,
that bodes well for equities and earnings. Earnings estimates go
Factset going into this earning season is expecting earnings per
share growth of five percent. That's down from nine point
(04:40):
four percent at the start of the quarter. So if
we start to see that companies are able to navigate
tariffs better than expected, I think that some earning surprises
could bode well for the equity rally to continue.
Speaker 6 (04:52):
Let me pause here for a second. What she means
by a narrow market is when growth is centered around
just a few leading companies, which means there's limited activity
or volume on the trading exchanges. As the market broadens,
growth spreads beyond these key companies into other sectors, which
encouragages more diversification of investment and greater participation in the market.
(05:17):
So as more investors enter the market, that means more
demand for equities, and that's when to drive the market higher.
I'll come back to the tariff aspect of this in
the moment, but let's continue.
Speaker 9 (05:28):
That productivity boost is real, and I think we will
continue to hear that from companies this earning season. You
mentioned the economy, the labor market. Importantly, we are on
the cusp of a rate cutting cycle that is very
good for equities, and the administration is pro growth.
Speaker 6 (05:45):
Yeah, pro growth administration does help matters. We have that
in the White House with President Trump, though over at
the FED it's a different story. It does seem interst
rates will be coming down soon, with or without Chairman Powell.
But Miss s Evans is right, that'll yet be another
factor that helps the markets. I want to get back
(06:05):
to this bit about the tariffs, as the commentator alludes to.
One of the big worries over the last few months
has been how companies will handle the imposition of these tariffs.
The fear was that the terrorifts would drive up inflation,
which would hurt consumer confidence and send us into a recession.
Speaker 10 (06:23):
Well, guess what.
Speaker 11 (06:24):
Fox Business obtained a new report from the Council of
Economic Advisors. It finds prices on imported goods are falling
since President Trump's second term and are dropping faster than
overall goods prices since the month of February. The report
undercutting that narrative that the tariffs are fueling inflation. It
shows the opposite, that imports may be helping cool prices.
Speaker 6 (06:46):
Well, ain't that a gas? So apparently the effect of
the tariffs is to actually encourage more competition, which in
turn is driving down the prices of the imports. But
we were told by the Democrats, the globalist all their
media puppets that these foreign companies would just pass along
the tariffs to the consumers and that the American people
(07:07):
would pay the price of the terriffs. So why isn't
that happening? Peter Navarro explains here on Fox Business.
Speaker 12 (07:15):
I think the key thing here and why Jay Powell
is so wrong about not lowering rates, is to recognize
the enormous ability of the world to absorb the terroiffs.
It's like Navarro's law, like the bigger screw job that
we're getting from any given country, the more that country
(07:37):
is able to absorb the tariffs, the more they cheat us,
the more they can absorb the tariffs. And that's what
we're seeing. We're seeing the tariffs on countries around the world.
We're not seeing any inflation because basically they're eating the tariffs,
and they're eating it because they cheat us. I mean, Maria,
you and I have talked for years about the scope
of the cheating. And it's not just China, it's Yoururope.
(08:00):
It's Vietnam, it's Cambodia, it's Japan, it's all the countries
that now we have some kind of significant tariffs on,
and it's it's a national security threat when we keep
running those big deficit because it takes away from our
asset and transfers our wealth, and it's basically a shorthand
(08:21):
for the export of our jobs and factories and investment abroad.
Speaker 6 (08:26):
You don't mean it the lead that has been talking
about how corporations price gouge us all the time, racking
up obscene profits. You mean it's actually been foreign companies
doing that all along. Gee, what was the first clue?
A trillion dollar trade deficit. The truth is a lot
of these Asian and European countries can afford to pay
(08:47):
these teriffs and still make a healthy profit in our market.
And Navarro is absolutely right about this being a national
security threat because this is our national wealth we've been
squandering with notions that frankly don't like us too much.
There's another national security aspect of this, as this commentator
(09:08):
Austin Bishop explains.
Speaker 13 (09:10):
This is, like you said, a national security issue. I
remember during COVID mobs in the Midwest couldn't even get
baby formula because the Sewis canal was blocked. So we're
talking about, of course, things like drones and shipbuilding, but
we really have to rethink how our supply chains are
set up from the ground up, because a lot of
the things that we kind of take for granted, if
it's in the hands of another country that might not
have our best interests in hand. All of a sudden,
(09:32):
if there's a shortage, we are we're at the mercy
of other folks, which I don't think is a great
way for our country to be set up.
Speaker 6 (09:38):
We've talked about this repeatedly. It makes zero sense for
us to have so many critical products of our economy pharmaceuticals,
military components, energy technology produced on the far side of
an ocean. Shipping lanes can come under threat, and it
takes more time to move products halfway across the world
when they can be produced right here by legal hardworking Americans.
Speaker 3 (10:00):
We're just trying to turn anickel into a dial.
Speaker 5 (10:03):
That's the bottom line.
Speaker 1 (10:06):
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Speaker 10 (11:05):
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Speaker 1 (12:09):
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Speaker 2 (13:50):
We're just pri to.
Speaker 5 (13:51):
Turn an efflent to what time.
Speaker 14 (13:54):
That's the bottom line.
Speaker 6 (14:26):
Back, But that's the bottom line. I'm Jeff Lewis. So
there's a political phenomenon happening right now, and I think
it's important enough for us to have a lengthy discussion
about it. I'm not want to talk about my hunches
very often this publicly, and this one's a little out there,
but I have a pretty strong feeling about it. I'm
talking about Zorn Mandani. I think he is being groomed
(14:50):
to be the future of the Democratic Party. Hey, I
think he believes he's the future of the Democratic Party. Now,
the general understanding is that Mandanni is not constitutionally eligible
to be president of the United States because he's not
a national born citizen. His mother, Mira Nayer, only became
a citizen in two thousand and six when he was
(15:11):
born fifteen years prior in Uganda. However, while I personally
believe the prohibition is legally air tight, there are others
who disagree, and I believe we'll soon reach a point
in American politics where the interpretation of natural born citizenship
becomes a very gray area. There's been legislation surrounding this
in the past from both sides of the aisle. Remember
(15:34):
people saying Elon mush told be able to run. So
if a candidate like ma'am Donnie ever got enough political traction,
I do believe you could see widespread national support for
a change in this provision. It may not even require
an outright amendment. It might just involve some kind of
legislation passed through a Democratic controlled Congress to interpret this
(15:55):
provision more loosely. That will take some time. So no,
I don't think he's running for president in twenty twenty eight.
He would need to be mayor of New York for
a few years at least anyway, or at least I
would expect, in order to build up more political strength
to build up a national campaign this cycle. There's already
at least one candidate in the Democratic Socialist lane. I'm
(16:18):
talking about AOC, and you can expect her, Gavin Newsom
and J. D. Pritzker to be formidable enough to suck
up most of the auction out of the Democratic primaries.
Ma'm Donnie would only have in about a year as
mayor before he'd had to turn around and run for president,
even if he could, and that's political suicide when you
got Cortes, Newsom and Pritsker being so much better positioned.
(16:41):
But down the road, if the constitutional question is resolved
in his favor, that's absolutely in play. If Mam Donnie
is the next mayor of New York City, and I'm
pretty certain he will be, there's four candidates, and even
if one of the independent candidates Adams are Cuombo drop
out and endorse the other, it'll be tough to consolidate
enough support to catch Man Donnie even in a three
(17:03):
person race. Now you may ask, what's the big deal,
he's only running for mayor. The deal is New York
City is basically the only may oral office in the
country that's considered to have the resume potential for a
direct promotion to the White House. Other city mayors don't
really have a path to the presidency Pete Buddha Judge. Notwithstanding,
(17:25):
it's never happened before, but several of tried, including the
last three mayors excluding the current incumbent Eric Adams. If
you'll recall, Rudy Giuliani was an early front runner for
the Republican nomination in two thousand and eight, but he
was just a catastrophic failure into primaries. More recently, Michael
Bloomberg finished fourth into Democratic primaries in twenty twenty. But
(17:49):
it's not about him being a mayor or even becoming president.
It's about how he may affect the ideological balance of
the Democratic Party. Seen a Democrat with this kind of
potential to change the course of his party since Barack Obama.
Don't be confused. I'm not comparing Mandannie's electoral ability to
(18:10):
that of the former president, but Man Donnie represents this
kind of idealogical shift that they can find a party
for generations to come, much like Trump has done for
the GOP. He's got charisma and a bold platform. That's
why he was in DC this week meeting with progressives
on Capitol Hill. Congressional Democrats don't want Mandanni saying anything
(18:33):
that'll hurt their own electoral chances in twenty twenty six, because,
as you know by now, this guy is really out there.
But the base of the party loves this guy, and
some members of Congress are jumping all over themselves to
be a part of it. Listen to a few of
their comments, starting with the godfather, the Democratic Socialist himself,
Bernie Sanders.
Speaker 15 (18:54):
He's been a great mayor of New York City's team.
Speaker 4 (18:57):
I think he issues that he's campaigning on the need
to create a city that is affordable.
Speaker 9 (19:02):
For working class people.
Speaker 6 (19:03):
It's exactly what has to happen in New York and
how can that's going to happen all over the country.
I hope you picked up on what he just said.
Sanders sees Man Donnie's platform as something that could be
replicated on a national scale. In short, he sees Man
Donnie as a national candidate. Sanders is more closely allied
with AOC at this point and will undoubtedly back her
(19:26):
presidential campaign in two years. But if AOC fails to
win the White House, this is her natural successor as
a progressive leader. And in the meantime, despite all the
speculation that AOC may challenge Chuck Schumer for his Senate seat,
that primary isn't until twenty twenty eight, when AOC is
going to be running for president, not Senate. To me,
(19:48):
the US Senate sounds like a great next step for
Mam Donnie's political career. You tell me who do you
think win's that primary? Assuming Schumer doesn't just flight out retire.
Clearly of Democrats think Mandannie has a bright feature. Here's
what Representative Primilage Jayapaul had to say after meeting.
Speaker 15 (20:06):
Him, Zara on Mundannie is an incredible talent. He is
going to be a great mayor for New York City.
I was proud to endorse him before the primary. And
he is so smart, so authentic, cares so much about
working people, and has put together an incredible coalition. We're thrilled.
Speaker 6 (20:26):
Well she's bought in, and Jaia Paul is the chair
of the Congressional Progressive Caucus. When was the last time
you heard progresses rolling behind a candidate with no real
previous electoral experience, but all of a sudden, they're ready
to make this guy a standard bearer for the party.
Even AOC herself is on board.
Speaker 14 (20:44):
Get to know him, Get to know him.
Speaker 2 (20:46):
You know, this is not about.
Speaker 6 (20:49):
Having any kind of hard line.
Speaker 9 (20:51):
I think that if anybody is skeptical, I would say, get.
Speaker 10 (20:55):
To know him.
Speaker 6 (20:56):
So even if he can't run for president, man Donnie
is clearly because I mean, a focal point for the
future of progressive politics in our country. And it's happening
in a big dagum hurry enough to even scare long
time Democrats.
Speaker 16 (21:08):
I think this is a real danger for the Democratic Party.
There's no question that Mandami is socialist and has express
views that, if not anti Semitic, are certainly frightening to
most Jews. Does not disallowed globalized intefada, even though people
tried to say he was going to do that. Today
he didn't, which means killed Jews. I mean, this is
(21:30):
really frightening for the party. And you know, the party
should not be a big tenth that takes anyone. The
party should be a tent that believes in progressive free enterprise,
not in socialism.
Speaker 6 (21:43):
You see, I said twenty years ago around the two
thousand and four election that eventually the Democratic Party would
become the Party of Islam. And that's the direction that
ma'am Donnie wants to take the Democratic Party. It's a
question whether or not Democrats are around the count will
allow that to happen.
Speaker 5 (22:02):
Back after this, where's just trying.
Speaker 2 (22:04):
To turn a nickel into a die.
Speaker 5 (22:06):
That's the bottom line.
Speaker 2 (22:13):
Where's just trying to turn a nickel into a die.
Speaker 5 (22:16):
That's the bottom line.
Speaker 10 (22:18):
Well, good morning again everyone. This is Jean Valeradi reporting
and it's time now for this week's dirty little secret.
Kim Jong wun of North Korea has sent troops to
Russia to help Putin continue his attempted conquest of Ukraine.
(22:41):
Did you know that? So Russia has North Korean troops
helping in the war between Russia and the Ukraine. At
the same time, the United States is beefing up the
manufacture of drones intended to be sent to the Ukraine
(23:01):
for the purpose of using them against the Russian invasion.
It should also be mentioned that communists Red China is
helping both North Korea as well as Russia to seize
more territory in the Ukraine. If one measures the war
(23:23):
between Russia and the Ukraine, it soon becomes obvious how
ineffective Vladimir Putin's invasion of the Ukraine has been. So
the North Koreans are sending troops to help Russia with
additional troops, and that support is coming coming to help
(23:49):
Russia's campaign against Ukraine. So now the Ukraine is going
to have to face communist China as well as the
Soviet Junior the old Soviet Union Putins Russia. As for
the United States, President Trump plans to build a new
(24:10):
arsenal of drones, many of which will be supplied to
the Ukraine. If we've learned anything so far, it's that
Russia has been ineffected in taking down the Ukraine. Much
remains to be seen as to whether troops from North
Korea sending to aide Russia will be sufficient in Putin's
(24:35):
desire of seizing more territory from the Ukraine to an
next more territory and to Putins Russia. Putin's desire. Listen
to me, this is important. Putin's desire is to rebuild
what once was the old Soviet Union that at one
(24:57):
time controlled much of each in Europe. To the United
States to become directly involved isn't likely due to President
Trump's desire to prevent another war. But what Trump can
do is order those surgical strikes like what he did
to Iran and do so to avoid the US using
(25:21):
troop ground forces and another long term foreign war. Nonetheless,
with North Korea entering the war to aid Russia against
the Ukraine with more support from communists China, it appears
the forces of evil are seeking more war, despite the
(25:42):
odds of becoming successful if and when they are confronted
against Trump's United States. Of course, whether we want to
admit it or not, we may have another civil war
brewing year in the United States between the Red States,
(26:05):
which leaned Republican and the Blue States, which leaned democrat.
We continue to continue to see California, Illinois, Massachusetts, Maine,
and several other states where illegals attempt to hinder Trump's
a plan to gather up the illegals and send them
(26:28):
back to where they came from. So we should all
know by now that the Democrats want to fill up
the United States with illegals, permit them to vote, and
then use those numbers to gain more power in the
US House and Senate and the presidency of the United
States itself. That has a lot to do with what
(26:50):
we're experiencing in parts of the United States right now.
What's so ironic is how the liberal mainstream news meet,
how they portray it. Well. I don't know, ladies and gentlemen,
this world is sure getting shaky, isn't it. Maybe Gabriel
will blow his horn and Jesus will return and restore
(27:12):
perfect harmony and good. I've heard it said that every generation, however,
believes they're the last ones. But no matter what we think,
no one knows the hour of the day or not
even not even the angels. So until that day finally arrives,
(27:33):
EVA will continue to thrive in the world, and for
our part, as believers, we just have to be patient.
In Galatians chapter six, verse three, it reads for if
anyone thinks himself to be something, when he is nothing.
He deceives himself. So in the meantime, we must simply
(27:56):
live our lives as we should go about our business,
fairly and honestly. Any other way is a waste of
time that brings no good. You know, years ago, when
I was a young paper boy delivering newspapers, this Sunday
paper took a line from Shakespeare's Midsummer Night's Dream, which read,
(28:18):
what fools we mortals be? We are all travelers on
that born from which no one returns, And I'm sure
some of you know where that line comes from. In
any event, the world seems to be headed for more purmoil,
and hopefully from which we all returned unscathed. Because really
(28:40):
and truly, that's the bottom line, and that's where we
begin this morning's report. The fact that communist red China
is sending troops to help Russia and Putin in its
war against the Ukraine.
Speaker 3 (29:00):
We're just trying to turn a nekel into a dime.
That's the bottom line.
Speaker 1 (29:06):
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Speaker 6 (30:21):
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Speaker 3 (31:14):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 10 (31:20):
Welcome back, ladies and gentlemen you're listening to that's the
bottom line. Your weekly report on KLVII that tells it
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listen to me carefully. There's little doubt the world is
(32:05):
in chaos and will continue to be so for the
foreseeable future. It's possible Iran could enter the war. They
see Trump's already pretty much slowed them down, so they're
out of the picture temporarily, And in any event, America's
(32:31):
involvement seems to be increasing. You know that as well
as I do.
Speaker 6 (32:38):
Now.
Speaker 10 (32:40):
We are in this to help support the Israelis right,
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(34:57):
it's it's Jerome Bile. He you know, he's holding those
interest rates high and he's at odds with President Trump
for doing that. But it's it's it's just a strategy
that is eventually gonna bring another day of reckoning. And
(35:19):
I'm afraid that when that reckoning comes, it won't be pretty.
This is why we talk and use principal protection plans.
When we say principal protection, we means you don't lose
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(35:44):
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offering various forms of plans. Many have limitations and how
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(36:27):
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Growth Associates have numerous settlement options for receiving funds after
working for ways of achieving growth. Okay, so if you're
looking for something that will grow and will be safe
(36:48):
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nine eight four h sixty nine one hundred. That's our
numbered Beaumont, Texas. And, as I often say, if you
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(37:10):
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They're designed to make money and not to lose money
when when the market stock market decides to have a
(37:32):
decap So why take chances of losing money in a
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you know, really and truly, it's all about time, ladies
and gentlemen, And we have plans that can grow over
time without exposure to losses. And that, my friends, is
(37:54):
the bottom line and why we have been successful in
helping our clients enjoy financial growth without fear of loss
for many decades now. So for those of you who
want to grow your nest eggs, now's the time to
call us. We'll be back with more right after this.
Speaker 3 (38:14):
Where's just trying to turn a necke in to a die?
That's the bottom line. Where's just trying to turn a
necke in to a die? That's the bottom line.
Speaker 6 (38:29):
Some people, thank you for listening today, dude, That's the
bottom line. On news talk radio a M five sixty
KLBI or through our website at SAVEM retirement dot com.
(38:53):
All of our broadcasts are available on demand online. Just
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the bottom line. Search for us name and show and
follow us for all the latest updates. If you've got
(39:15):
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four zero nine eight four zero sixty nine hundred or
toll free at eight sixty six. Save My Retirement. Our
physical address in Beaumont is at thirteen ninety one Calder Avenue,
a block from the intersection of MLK and Calder And
(39:37):
for sure go check out our free stuff on our
website at savemiretirement dot com. Like I said last week,
we've added a brand new feature where we illustrate our
covered call strategies for ets. These electronically traded funds based
their values off of underlying equity positions in big time
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(40:01):
monthly income. I personally use this strategy for my grandma
and it's a great source of a steady retirement income
once it's time. Plus, we have proprietary portfolio builders that
can customize a plan off of your income needs. This
is on top of the other features we talk about
every week like our new variable annuity fee analysis, not
(40:24):
to mention our portfolio analysis, social security analysis, and always
my favorite are risk analysis available at what is My
Risk Number dot com. Now some people look at record
highs is a great time to grow. Others look at
it as a time to protect. If you're in protection mode,
(40:44):
you're probably a good candidate for a principal protection strategy
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(41:06):
how to handle your money consistently, safely, and always with
your best interest in mine. That's all the time we
have for this week. Thank you for tuning in once again.
I'm Jeff Lewis for Jeane Valerani and everyone here at
Asset Growth Associates. Remember that you are greatly blessed and
(41:28):
highly favored because as always that's the bottom line.
Speaker 5 (41:38):
That's the bottom line.
Speaker 4 (41:41):
You can reach Asset Growth Associates by calling one eight
six six seven to eight thirty six ninety seven. Are
by visiting savemiretirement dot com
As a loyal listener to that's the bottom line. On
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(01:14):
Your financial future deserves more than hope. It deserves a plan.
Call us at four O nine eight four zero sixty
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Speaker 2 (01:34):
We're just trying to turn a neckel into a dime.
Speaker 3 (01:38):
That's the bottom line.
Speaker 4 (01:46):
Welcome to real, honest talk about money, politics, news and
information you can actually use. Buggle up and hold on tight.
This is that's the bottom line.
Speaker 5 (02:02):
The best thing. But you can give them to the
bed and be.
Speaker 6 (02:11):
That's good morning, everybody. This is that's the bottom line.
I'm your host, Jeff Lewis of Asset Growth Associates along
with Jean Valerani. It's absolutely marvelous to be with you
this weekend. I'm celebrating not just my own birthday, but
(02:35):
also my grandmother is turning eighty seven today, though she's
recovering from heart surgery. Said ask everybody to keep her
in your prayers. So straight to our top line story,
and that's the economy.
Speaker 7 (02:47):
The US government reported a twenty seven billion dollar surplus
in June, boosted by a thirteen percent rise in receipts
and a surge in tariff collections. According to CNBC, customs
duties jumped three hundred and one percent year over year
to twenty seven billion dollars for the month and have
totaled one hundred thirteen billion dollars so far this fiscal year,
up eighty six percent from twenty twenty four.
Speaker 6 (03:10):
Thanks to the Trump tariffs, the US government is back
in the black. It's the first monthly budget surplus in
eight years since Trump's first term. Make no mistake, He's
still got a dev separate fiscal year. But with record
tariff revenues now flooding the government coffers, and with the
stock market's major indassies all near or at record ties,
(03:32):
it looks like America is back in business.
Speaker 8 (03:36):
I think we're just making it. S and B five
hundred new record here. Nasdak Composite also eked out some
gains another record. Now we are all from those record highs,
but still we are up around two hundred point.
Speaker 6 (03:49):
The S and P five hundred, which was just below
six thousand points when Trump was inaugurated on January twentieth,
is now up four and a half percent in the
last six months, which annualized is a nine percent yield.
The market is really starting to take off, and now
with over fifteen trillion dollars in foreign investment pledge to
enter the United states, the arrows are all green. Here's
(04:12):
one Wealth analyst, Elizabeth Evans, speaking on Fox Business on Tuesday.
Speaker 9 (04:17):
I think the two catalysts for the next leg in
the equity markets broadening out. So this has been a
very narrow market. So as we see broader market participation,
that bodes well for equities and earnings. Earnings estimates go
Factset going into this earning season is expecting earnings per
share growth of five percent. That's down from nine point
(04:40):
four percent at the start of the quarter. So if
we start to see that companies are able to navigate
tariffs better than expected, I think that some earning surprises
could bode well for the equity rally to continue.
Speaker 6 (04:52):
Let me pause here for a second. What she means
by a narrow market is when growth is centered around
just a few leading companies, which means there's limited activity
or volume on the trading exchanges. As the market broadens,
growth spreads beyond these key companies into other sectors, which
encouragages more diversification of investment and greater participation in the market.
(05:17):
So as more investors enter the market, that means more
demand for equities, and that's when to drive the market higher.
I'll come back to the tariff aspect of this in
the moment, but let's continue.
Speaker 9 (05:28):
That productivity boost is real, and I think we will
continue to hear that from companies this earning season. You
mentioned the economy, the labor market. Importantly, we are on
the cusp of a rate cutting cycle that is very
good for equities, and the administration is pro growth.
Speaker 6 (05:45):
Yeah, pro growth administration does help matters. We have that
in the White House with President Trump, though over at
the FED it's a different story. It does seem interst
rates will be coming down soon, with or without Chairman Powell.
But Miss s Evans is right, that'll yet be another
factor that helps the markets. I want to get back
(06:05):
to this bit about the tariffs, as the commentator alludes to.
One of the big worries over the last few months
has been how companies will handle the imposition of these tariffs.
The fear was that the terrorifts would drive up inflation,
which would hurt consumer confidence and send us into a recession.
Speaker 10 (06:23):
Well, guess what.
Speaker 11 (06:24):
Fox Business obtained a new report from the Council of
Economic Advisors. It finds prices on imported goods are falling
since President Trump's second term and are dropping faster than
overall goods prices since the month of February. The report
undercutting that narrative that the tariffs are fueling inflation. It
shows the opposite, that imports may be helping cool prices.
Speaker 6 (06:46):
Well, ain't that a gas? So apparently the effect of
the tariffs is to actually encourage more competition, which in
turn is driving down the prices of the imports. But
we were told by the Democrats, the globalist all their
media puppets that these foreign companies would just pass along
the tariffs to the consumers and that the American people
(07:07):
would pay the price of the terriffs. So why isn't
that happening? Peter Navarro explains here on Fox Business.
Speaker 12 (07:15):
I think the key thing here and why Jay Powell
is so wrong about not lowering rates, is to recognize
the enormous ability of the world to absorb the terroiffs.
It's like Navarro's law, like the bigger screw job that
we're getting from any given country, the more that country
(07:37):
is able to absorb the tariffs, the more they cheat us,
the more they can absorb the tariffs. And that's what
we're seeing. We're seeing the tariffs on countries around the world.
We're not seeing any inflation because basically they're eating the tariffs,
and they're eating it because they cheat us. I mean, Maria,
you and I have talked for years about the scope
of the cheating. And it's not just China, it's Yoururope.
(08:00):
It's Vietnam, it's Cambodia, it's Japan, it's all the countries
that now we have some kind of significant tariffs on,
and it's it's a national security threat when we keep
running those big deficit because it takes away from our
asset and transfers our wealth, and it's basically a shorthand
(08:21):
for the export of our jobs and factories and investment abroad.
Speaker 6 (08:26):
You don't mean it the lead that has been talking
about how corporations price gouge us all the time, racking
up obscene profits. You mean it's actually been foreign companies
doing that all along. Gee, what was the first clue?
A trillion dollar trade deficit. The truth is a lot
of these Asian and European countries can afford to pay
(08:47):
these teriffs and still make a healthy profit in our market.
And Navarro is absolutely right about this being a national
security threat because this is our national wealth we've been
squandering with notions that frankly don't like us too much.
There's another national security aspect of this, as this commentator
(09:08):
Austin Bishop explains.
Speaker 13 (09:10):
This is, like you said, a national security issue. I
remember during COVID mobs in the Midwest couldn't even get
baby formula because the Sewis canal was blocked. So we're
talking about, of course, things like drones and shipbuilding, but
we really have to rethink how our supply chains are
set up from the ground up, because a lot of
the things that we kind of take for granted, if
it's in the hands of another country that might not
have our best interests in hand. All of a sudden,
(09:32):
if there's a shortage, we are we're at the mercy
of other folks, which I don't think is a great
way for our country to be set up.
Speaker 6 (09:38):
We've talked about this repeatedly. It makes zero sense for
us to have so many critical products of our economy pharmaceuticals,
military components, energy technology produced on the far side of
an ocean. Shipping lanes can come under threat, and it
takes more time to move products halfway across the world
when they can be produced right here by legal hardworking Americans.
Speaker 3 (10:00):
We're just trying to turn anickel into a dial.
Speaker 5 (10:03):
That's the bottom line.
Speaker 1 (10:06):
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Speaker 10 (11:05):
The stock market doesn't care about your retirement plans. This
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(11:48):
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Speaker 1 (12:09):
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Speaker 2 (13:50):
We're just pri to.
Speaker 5 (13:51):
Turn an efflent to what time.
Speaker 14 (13:54):
That's the bottom line.
Speaker 6 (14:26):
Back, But that's the bottom line. I'm Jeff Lewis. So
there's a political phenomenon happening right now, and I think
it's important enough for us to have a lengthy discussion
about it. I'm not want to talk about my hunches
very often this publicly, and this one's a little out there,
but I have a pretty strong feeling about it. I'm
talking about Zorn Mandani. I think he is being groomed
(14:50):
to be the future of the Democratic Party. Hey, I
think he believes he's the future of the Democratic Party. Now,
the general understanding is that Mandanni is not constitutionally eligible
to be president of the United States because he's not
a national born citizen. His mother, Mira Nayer, only became
a citizen in two thousand and six when he was
(15:11):
born fifteen years prior in Uganda. However, while I personally
believe the prohibition is legally air tight, there are others
who disagree, and I believe we'll soon reach a point
in American politics where the interpretation of natural born citizenship
becomes a very gray area. There's been legislation surrounding this
in the past from both sides of the aisle. Remember
(15:34):
people saying Elon mush told be able to run. So
if a candidate like ma'am Donnie ever got enough political traction,
I do believe you could see widespread national support for
a change in this provision. It may not even require
an outright amendment. It might just involve some kind of
legislation passed through a Democratic controlled Congress to interpret this
(15:55):
provision more loosely. That will take some time. So no,
I don't think he's running for president in twenty twenty eight.
He would need to be mayor of New York for
a few years at least anyway, or at least I
would expect, in order to build up more political strength
to build up a national campaign this cycle. There's already
at least one candidate in the Democratic Socialist lane. I'm
(16:18):
talking about AOC, and you can expect her, Gavin Newsom
and J. D. Pritzker to be formidable enough to suck
up most of the auction out of the Democratic primaries.
Ma'm Donnie would only have in about a year as
mayor before he'd had to turn around and run for president,
even if he could, and that's political suicide when you
got Cortes, Newsom and Pritsker being so much better positioned.
(16:41):
But down the road, if the constitutional question is resolved
in his favor, that's absolutely in play. If Mam Donnie
is the next mayor of New York City, and I'm
pretty certain he will be, there's four candidates, and even
if one of the independent candidates Adams are Cuombo drop
out and endorse the other, it'll be tough to consolidate
enough support to catch Man Donnie even in a three
(17:03):
person race. Now you may ask, what's the big deal,
he's only running for mayor. The deal is New York
City is basically the only may oral office in the
country that's considered to have the resume potential for a
direct promotion to the White House. Other city mayors don't
really have a path to the presidency Pete Buddha Judge. Notwithstanding,
(17:25):
it's never happened before, but several of tried, including the
last three mayors excluding the current incumbent Eric Adams. If
you'll recall, Rudy Giuliani was an early front runner for
the Republican nomination in two thousand and eight, but he
was just a catastrophic failure into primaries. More recently, Michael
Bloomberg finished fourth into Democratic primaries in twenty twenty. But
(17:49):
it's not about him being a mayor or even becoming president.
It's about how he may affect the ideological balance of
the Democratic Party. Seen a Democrat with this kind of
potential to change the course of his party since Barack Obama.
Don't be confused. I'm not comparing Mandannie's electoral ability to
(18:10):
that of the former president, but Man Donnie represents this
kind of idealogical shift that they can find a party
for generations to come, much like Trump has done for
the GOP. He's got charisma and a bold platform. That's
why he was in DC this week meeting with progressives
on Capitol Hill. Congressional Democrats don't want Mandanni saying anything
(18:33):
that'll hurt their own electoral chances in twenty twenty six, because,
as you know by now, this guy is really out there.
But the base of the party loves this guy, and
some members of Congress are jumping all over themselves to
be a part of it. Listen to a few of
their comments, starting with the godfather, the Democratic Socialist himself,
Bernie Sanders.
Speaker 15 (18:54):
He's been a great mayor of New York City's team.
Speaker 4 (18:57):
I think he issues that he's campaigning on the need
to create a city that is affordable.
Speaker 9 (19:02):
For working class people.
Speaker 6 (19:03):
It's exactly what has to happen in New York and
how can that's going to happen all over the country.
I hope you picked up on what he just said.
Sanders sees Man Donnie's platform as something that could be
replicated on a national scale. In short, he sees Man
Donnie as a national candidate. Sanders is more closely allied
with AOC at this point and will undoubtedly back her
(19:26):
presidential campaign in two years. But if AOC fails to
win the White House, this is her natural successor as
a progressive leader. And in the meantime, despite all the
speculation that AOC may challenge Chuck Schumer for his Senate seat,
that primary isn't until twenty twenty eight, when AOC is
going to be running for president, not Senate. To me,
(19:48):
the US Senate sounds like a great next step for
Mam Donnie's political career. You tell me who do you
think win's that primary? Assuming Schumer doesn't just flight out retire.
Clearly of Democrats think Mandannie has a bright feature. Here's
what Representative Primilage Jayapaul had to say after meeting.
Speaker 15 (20:06):
Him, Zara on Mundannie is an incredible talent. He is
going to be a great mayor for New York City.
I was proud to endorse him before the primary. And
he is so smart, so authentic, cares so much about
working people, and has put together an incredible coalition. We're thrilled.
Speaker 6 (20:26):
Well she's bought in, and Jaia Paul is the chair
of the Congressional Progressive Caucus. When was the last time
you heard progresses rolling behind a candidate with no real
previous electoral experience, but all of a sudden, they're ready
to make this guy a standard bearer for the party.
Even AOC herself is on board.
Speaker 14 (20:44):
Get to know him, Get to know him.
Speaker 2 (20:46):
You know, this is not about.
Speaker 6 (20:49):
Having any kind of hard line.
Speaker 9 (20:51):
I think that if anybody is skeptical, I would say, get.
Speaker 10 (20:55):
To know him.
Speaker 6 (20:56):
So even if he can't run for president, man Donnie
is clearly because I mean, a focal point for the
future of progressive politics in our country. And it's happening
in a big dagum hurry enough to even scare long
time Democrats.
Speaker 16 (21:08):
I think this is a real danger for the Democratic Party.
There's no question that Mandami is socialist and has express
views that, if not anti Semitic, are certainly frightening to
most Jews. Does not disallowed globalized intefada, even though people
tried to say he was going to do that. Today
he didn't, which means killed Jews. I mean, this is
(21:30):
really frightening for the party. And you know, the party
should not be a big tenth that takes anyone. The
party should be a tent that believes in progressive free enterprise,
not in socialism.
Speaker 6 (21:43):
You see, I said twenty years ago around the two
thousand and four election that eventually the Democratic Party would
become the Party of Islam. And that's the direction that
ma'am Donnie wants to take the Democratic Party. It's a
question whether or not Democrats are around the count will
allow that to happen.
Speaker 5 (22:02):
Back after this, where's just trying.
Speaker 2 (22:04):
To turn a nickel into a die.
Speaker 5 (22:06):
That's the bottom line.
Speaker 2 (22:13):
Where's just trying to turn a nickel into a die.
Speaker 5 (22:16):
That's the bottom line.
Speaker 10 (22:18):
Well, good morning again everyone. This is Jean Valeradi reporting
and it's time now for this week's dirty little secret.
Kim Jong wun of North Korea has sent troops to
Russia to help Putin continue his attempted conquest of Ukraine.
(22:41):
Did you know that? So Russia has North Korean troops
helping in the war between Russia and the Ukraine. At
the same time, the United States is beefing up the
manufacture of drones intended to be sent to the Ukraine
(23:01):
for the purpose of using them against the Russian invasion.
It should also be mentioned that communists Red China is
helping both North Korea as well as Russia to seize
more territory in the Ukraine. If one measures the war
(23:23):
between Russia and the Ukraine, it soon becomes obvious how
ineffective Vladimir Putin's invasion of the Ukraine has been. So
the North Koreans are sending troops to help Russia with
additional troops, and that support is coming coming to help
(23:49):
Russia's campaign against Ukraine. So now the Ukraine is going
to have to face communist China as well as the
Soviet Junior the old Soviet Union Putins Russia. As for
the United States, President Trump plans to build a new
(24:10):
arsenal of drones, many of which will be supplied to
the Ukraine. If we've learned anything so far, it's that
Russia has been ineffected in taking down the Ukraine. Much
remains to be seen as to whether troops from North
Korea sending to aide Russia will be sufficient in Putin's
(24:35):
desire of seizing more territory from the Ukraine to an
next more territory and to Putins Russia. Putin's desire. Listen
to me, this is important. Putin's desire is to rebuild
what once was the old Soviet Union that at one
(24:57):
time controlled much of each in Europe. To the United
States to become directly involved isn't likely due to President
Trump's desire to prevent another war. But what Trump can
do is order those surgical strikes like what he did
to Iran and do so to avoid the US using
(25:21):
troop ground forces and another long term foreign war. Nonetheless,
with North Korea entering the war to aid Russia against
the Ukraine with more support from communists China, it appears
the forces of evil are seeking more war, despite the
(25:42):
odds of becoming successful if and when they are confronted
against Trump's United States. Of course, whether we want to
admit it or not, we may have another civil war
brewing year in the United States between the Red States,
(26:05):
which leaned Republican and the Blue States, which leaned democrat.
We continue to continue to see California, Illinois, Massachusetts, Maine,
and several other states where illegals attempt to hinder Trump's
a plan to gather up the illegals and send them
(26:28):
back to where they came from. So we should all
know by now that the Democrats want to fill up
the United States with illegals, permit them to vote, and
then use those numbers to gain more power in the
US House and Senate and the presidency of the United
States itself. That has a lot to do with what
(26:50):
we're experiencing in parts of the United States right now.
What's so ironic is how the liberal mainstream news meet,
how they portray it. Well. I don't know, ladies and gentlemen,
this world is sure getting shaky, isn't it. Maybe Gabriel
will blow his horn and Jesus will return and restore
(27:12):
perfect harmony and good. I've heard it said that every generation, however,
believes they're the last ones. But no matter what we think,
no one knows the hour of the day or not
even not even the angels. So until that day finally arrives,
(27:33):
EVA will continue to thrive in the world, and for
our part, as believers, we just have to be patient.
In Galatians chapter six, verse three, it reads for if
anyone thinks himself to be something, when he is nothing.
He deceives himself. So in the meantime, we must simply
(27:56):
live our lives as we should go about our business,
fairly and honestly. Any other way is a waste of
time that brings no good. You know, years ago, when
I was a young paper boy delivering newspapers, this Sunday
paper took a line from Shakespeare's Midsummer Night's Dream, which read,
(28:18):
what fools we mortals be? We are all travelers on
that born from which no one returns, And I'm sure
some of you know where that line comes from. In
any event, the world seems to be headed for more purmoil,
and hopefully from which we all returned unscathed. Because really
(28:40):
and truly, that's the bottom line, and that's where we
begin this morning's report. The fact that communist red China
is sending troops to help Russia and Putin in its
war against the Ukraine.
Speaker 3 (29:00):
We're just trying to turn a nekel into a dime.
That's the bottom line.
Speaker 1 (29:06):
Planning your financial future, taxes can be one of your
biggest expenses in retirement, but they don't have to be.
With a tax efficient distribution plan, you can keep more
of what you've worked so hard to save. Here's how
it works. We help you strategically withdraw from your accounts
to reduce tax liabilities and maximize your retirement income. Whether
(29:31):
it's choosing the right accounts first, minimizing capital gains, or
tailoring strategies to ensure you are keeping your investments efficient
and your income steady. Let's make your money last longer
and work smarter for you. Take control of your financial future.
Call four h nine eight four zero sixty nine hundred
(29:51):
to day or visits savemyretirement dot com to schedule your
free consultation. Your investment deserves a plan as unique as
your goal. Asset Growth Associates Smart Investments, Smart tax Strategies.
Asset Growth Associates Wealth Advisors is a registered investment advisor
(30:12):
in the state of Texas.
Speaker 6 (30:21):
Are you tired of watching your investments rise and fall
with the market. What if you could have growth potential
without the risk of losing your hard earned money. This
is Jeff Lewis with Asset Growth Associates. If this sounds interesting,
then you need to ask us about a principal protection plan,
a smart financial solution designed to protect your money in
a down market while capturing market linked returns while the
(30:45):
market goes up, no market losses, market leaked gains, peace
of mind. Don't leave your future to chance. Call Asset
Growth Associates today at four zero nine eight four zero
sixty nine to learn how to grow and protect your wealth.
Protect what you've built, grow with confidence. Call now four
(31:08):
nine eight four zero sixty nine hundred or visitors at
savemiretirement dot com.
Speaker 3 (31:14):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 10 (31:20):
Welcome back, ladies and gentlemen you're listening to that's the
bottom line. Your weekly report on KLVII that tells it
like it is, and as we've always done for decades,
now we will offer an investment solution to our listeners,
and listen. We've gathered our listeners, have become our clients,
(31:45):
and for the most part, I can tell you that
they've never ever in these principal protection plans lost money
caused by a market downturn, because that's not going to happen. Now,
listen to me carefully. There's little doubt the world is
(32:05):
in chaos and will continue to be so for the
foreseeable future. It's possible Iran could enter the war. They
see Trump's already pretty much slowed them down, so they're
out of the picture temporarily, And in any event, America's
(32:31):
involvement seems to be increasing. You know that as well
as I do.
Speaker 6 (32:38):
Now.
Speaker 10 (32:40):
We are in this to help support the Israelis right,
and you as pertains to your life, you're into protecting
a nest egg from being exposed to a lot of shrinkage.
You know whatever. P apps looking for a move to
(33:02):
safety would certainly make a lot of sense. I feel
that way. All the uncertainty, you know, can can change
for those of you who are suffering setbacks, especially for
those of you now nearing retirement or who have already retired.
(33:25):
That Asset Growth Associates we work with large financial institutions
that provide both growth and safety to grow your nest egg,
but also provide streams of income or lump some withdrawals
for our clients. Want you to remember that it's important
(33:48):
to remember what good is it for an investor when
the stock market soares one day and then collapses the
next day. Some some days, you know a bit of
good news fills up the bucket, but then the very
(34:09):
next day bad news tips it over, you know that right.
The that effects is that the bucket seldom remains ful
and the contents may not be enough when they're needed
for you to use that money to buy groceries and
continue to live the life that you're living. And that's
(34:32):
why we use principal protection plans. Those are the types
of accounts that are an interest by capturing gains when
the market is on an upswing without giving up those
gains when the market retreats, and we all know by
now due to the federal reserves attempt to spark economic activity,
(34:57):
it's it's Jerome Bile. He you know, he's holding those
interest rates high and he's at odds with President Trump
for doing that. But it's it's it's just a strategy
that is eventually gonna bring another day of reckoning. And
(35:19):
I'm afraid that when that reckoning comes, it won't be pretty.
This is why we talk and use principal protection plans.
When we say principal protection, we means you don't lose
any money. The money that the market goes up and
you make money, that money stays in your account until
you take it out. Principal protection eliminates the fear of
(35:44):
a downturn and losses. These plans remain solvent. They can
earn significant gains when things are going well, but will
not lose anything when the market fails. Lately, I've been
pointing out that there are a lot of financial institutions
(36:06):
offering various forms of plans. Many have limitations and how
much can be earned, which means they're not much better
than a low bank CD rate right. Others have severe
limitations on access to cash, or they can tie up
(36:27):
funds in other ways. The plans we offer through Asset
Growth Associates have numerous settlement options for receiving funds after
working for ways of achieving growth. Okay, so if you're
looking for something that will grow and will be safe
(36:48):
for your future, I want you to call four h
nine eight four h sixty nine one hundred. That's our
numbered Beaumont, Texas. And, as I often say, if you
live in far away places, we could be reached on
a toll free line one eight six six seven to
(37:10):
eight three six nine seven. Why not come in and
chat with us and learn more about these unique plans.
They're designed to make money and not to lose money
when when the market stock market decides to have a
(37:32):
decap So why take chances of losing money in a
fickle stock market when plans are available that grow without
exposure to loss and be there when you need it,
you know, really and truly, it's all about time, ladies
and gentlemen, And we have plans that can grow over
time without exposure to losses. And that, my friends, is
(37:54):
the bottom line and why we have been successful in
helping our clients enjoy financial growth without fear of loss
for many decades now. So for those of you who
want to grow your nest eggs, now's the time to
call us. We'll be back with more right after this.
Speaker 3 (38:14):
Where's just trying to turn a necke in to a die?
That's the bottom line. Where's just trying to turn a
necke in to a die? That's the bottom line.
Speaker 6 (38:29):
Some people, thank you for listening today, dude, That's the
bottom line. On news talk radio a M five sixty
KLBI or through our website at SAVEM retirement dot com.
(38:53):
All of our broadcasts are available on demand online. Just
go to your iHeartRadio app and search for that's the
bottom line under the podcast tab. And remember the ad
is the favorites. We're on Facebook at Jeff Lewis. That's
the bottom line. Search for us name and show and
follow us for all the latest updates. If you've got
(39:15):
money on the mind, you can schedule an appointment with
us by going online or by calling us locally at
four zero nine eight four zero sixty nine hundred or
toll free at eight sixty six. Save My Retirement. Our
physical address in Beaumont is at thirteen ninety one Calder Avenue,
a block from the intersection of MLK and Calder And
(39:37):
for sure go check out our free stuff on our
website at savemiretirement dot com. Like I said last week,
we've added a brand new feature where we illustrate our
covered call strategies for ets. These electronically traded funds based
their values off of underlying equity positions in big time
companies like Nvidia and Tesla, but pay dividends for a
(40:01):
monthly income. I personally use this strategy for my grandma
and it's a great source of a steady retirement income
once it's time. Plus, we have proprietary portfolio builders that
can customize a plan off of your income needs. This
is on top of the other features we talk about
every week like our new variable annuity fee analysis, not
(40:24):
to mention our portfolio analysis, social security analysis, and always
my favorite are risk analysis available at what is My
Risk Number dot com. Now some people look at record
highs is a great time to grow. Others look at
it as a time to protect. If you're in protection mode,
(40:44):
you're probably a good candidate for a principal protection strategy
where you can get market linked rays of return with
zero risk to your principle. We generally recommend these as
at least a portion of a diversified portfolio, and what
better place to do At Thann Asset Growth Associates, We've
got the experience and name you can trust. We know
(41:06):
how to handle your money consistently, safely, and always with
your best interest in mine. That's all the time we
have for this week. Thank you for tuning in once again.
I'm Jeff Lewis for Jeane Valerani and everyone here at
Asset Growth Associates. Remember that you are greatly blessed and
(41:28):
highly favored because as always that's the bottom line.
Speaker 5 (41:38):
That's the bottom line.
Speaker 4 (41:41):
You can reach Asset Growth Associates by calling one eight
six six seven to eight thirty six ninety seven. Are
by visiting savemiretirement dot com
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