Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Joining us now. Jay Rattle it from Daytrade fund dot com. Jay,
before we jump into what's going on with the markets
and the reaction on the Kamala Harris Trump situation coming
up in November and the rate hikes are you know cuts,
I got to ask you about what took place with
this airline and oh my gosh, it was just awful
(00:21):
when there. I guess it was a biohazard situation on
the plane they had to land it, and I mean
the staff was thrown up a United Airlines flight from
Houston to Boston. I guess biohazard. You don't really think
about it if somebody just has, you know, an upset
stomach and can't control it, and all of a sudden, it's,
you know, so.
Speaker 2 (00:43):
Wow, and sadly, that can lead to other people getting sick,
and then you have this domino effect and it just
becomes a horrific situation. And apologies to anybody who's trying
to have breakfast during our segment here, but it was
just yeah, I mean, it's happened many times where this
type of thing has taking place. We had a I
(01:05):
think it was a Continental Airlines flight many years ago
coming over the Atlantic when the lavatories overflowed and started
going down the aisle and people started throwing up. It
was a horrific flight. And look, if you're over the US,
you can land at an airport pretty quick. You're over
the Atlantic, I mean, you're stuck until you can get
somewhere where you can land. So we've had situations like
(01:28):
this that have happened in the past, and they're just
they're not good for all the obvious reasons. And there's
protocol to take, but there's only so much you can do.
And when you're talking about it enclosed cabin, there's just
nowhere to escape. You know, the sounds, the smells, the
different types of things that make that situation just terrific.
(01:49):
And you're right, it is a biohazard situation, the same
way that if somebody drops their pants and you know,
tries to use the bathroom in an aisle, you just
can't have that kind of situation. But airline crews are
prepared when those types of things happen for a protocol.
The problem is sometimes you just can't land that airplane
as fast as you need to.
Speaker 1 (02:09):
Oh, it's potentially really seriously dangerous to other passengers, and
they treat it like it's blood and you know it's
coming out from inside somebody's body, and that could carry
all kinds of infections, disease, contagious, you know elements, and yeah,
they had it like biohazard is not you know, they're
not kidding this. It's a dangerous situation, right.
Speaker 2 (02:29):
Well, it's all like our first responders. You know, if
you see the police or EMTs that are responding to
a situation where somebody has a medical condition, they've got
the gloves. They're preparing themselves because they need to protect
themselves for anything that they might come across. And it's
the same situation there, and it's against thankfully, something that
(02:50):
doesn't happen on such a reoccurring basis that you and
I are talking about it on any sort of irregular situation.
But when it happens, you have to to take those precautions.
And good lord, you're talking about the busiest summer travel
season we've ever had, so we're on top of each other. Anyways,
on an airplane, there's nowhere to go, there's no empty seats,
(03:11):
and yeah, the options of trying to remove yourself from that,
I'm serious. The only thing you could do is go
the laboratory. Shut the door, lock the door, and stay
in there. I mean there's just yeah, and you don't
want to do that because of turbulence a lot of
other things. But they're not gonna let you in the
cockpit to sit. So that's the of the room you
(03:32):
could go to.
Speaker 1 (03:32):
Yeah, and Dad can't roll down the windows, so I
mean there's nothing you can do there. So all right,
for sure, Well let's switch gears. I mean, couldn't we.
Speaker 2 (03:40):
Couldn't, please please quickly?
Speaker 1 (03:42):
Right, the Fed, there's some indicators now that we might
see possibly by September, what a first rate cut in
a long time.
Speaker 2 (03:51):
Could see. A couple of weeks ago, your own pal said,
you know, we don't have to be all the way
at two percent. We can be close. And we got
some inflationary data this show hey, you know things are
trending in that direction as we would would like. So
the Fed's gonna has been meeting yesterday today Today the
FED chairman Pal is going to make a statement and
they're hoping he's going to telegraph that in September we
(04:13):
could see an interest rate cut. Now you've got people
that are going crazy saying, oh, not just a quarter
point but we could get a half point, it could
be double what we think it would be. And of
course there's a lot of real estate between now and
then we've got to cover. But that does not mean
the optimism on Wall Street is lost here because you
and I are talking right now at a historic moment,
(04:34):
and I'm so glad this is the timing that we're
on the air, because the futures of the Dow just
went over forty one thousand, Oh my god, first time ever.
First yesterday we got the forty thousand and eight eighty five,
And of course you and I spent a lot of
time saying, you know, are we going to ever hit
forty we ever get? Well, we blew by forty and
now in pre market at least we're over forty one thousand,
(04:55):
which is pretty impressive. A lot of people are getting
super excited here. I still think there's a lot of
reasons for concern. But look, when the euphoria is out there,
it's like people wait for the car to be the
most expensive it's ever been, and then I'm going to
go buy it. I've never understood that. I just don't.
Speaker 1 (05:11):
Jay. You and I have been talking so long, you
and I were talking about, my gosh, we could hit
thirty and now it's over forty.
Speaker 2 (05:18):
So yeah, that's it. We've been on the air that
long that we were wondering when we'd ever get there.
Speaker 1 (05:23):
What do you give credit to for this? Is it
the Harris Trump situation? Is that the potential of a
rate cut? What's driving this? And by the way, what
is the market thinking about the Harris Trump? You know?
Speaker 2 (05:35):
Battle Well, I mean when we had the debate, a
lot of things shifted towards Trump. So we saw a
lot of the energy stocks soar because in the oil stocks,
and we saw some of the solar companies start to
drop because you know, the shift in political positions depending
on which party wins. And then when Harris was announced,
(05:55):
things narrowed just a bit and it's kind of evened
out a little bit and we'll see which way things
go there. But the market's certainly keeping an eye on that.
But those are just some specific industries that might be impacted.
Closer we get to the election, I think we're going
to see more of that volatility kind of kick in.
But JT. Right now, it's a situation where, yeah, it's
the buzz lightyear effect to infinity and beyond. People have
(06:16):
forgotten that, yes, we have market corrections from time to time,
and you need to be careful because the market could
correct yourself ten fifteen to twenty percent, which people panic.
You shouldn't should have a game plan going into that.
But look, right now, it's all a matter of the Fed.
What are they going to say today? And it's going
to be interesting to say.
Speaker 1 (06:32):
Is that what's driving this forty one that we're saying
on the town.
Speaker 2 (06:36):
It is right now because the rate cuts are something
that they're just people are losing their minds over. Forget
the fact that this week we hit thirty five trillion
international debt. It goes up a trillion dollars every hundred days.
That's not a problem. I mean, the ship may be
on fire, but I'm having fun on my part, so
everything's going to be okay.
Speaker 1 (06:52):
All right, Very good, Jayralidaytrade fund dot Com. Thank you, Jay,
Joining us now. Jay Rattle it from Daytrade fund dot com. Jay,
before we jump into what's going on with the markets
and the reaction on the Kamala Harris Trump situation coming
up in November and the rate hikes are you know cuts,
I got to ask you about what took place with
this airline and oh my gosh, it was just awful
(00:21):
when there. I guess it was a biohazard situation on
the plane they had to land it, and I mean
the staff was thrown up a United Airlines flight from
Houston to Boston. I guess biohazard. You don't really think
about it if somebody just has, you know, an upset
stomach and can't control it, and all of a sudden, it's,
you know, so.
Speaker 2 (00:43):
Wow, and sadly, that can lead to other people getting sick,
and then you have this domino effect and it just
becomes a horrific situation. And apologies to anybody who's trying
to have breakfast during our segment here, but it was
just yeah, I mean, it's happened many times where this
type of thing has taking place. We had a I
(01:05):
think it was a Continental Airlines flight many years ago
coming over the Atlantic when the lavatories overflowed and started
going down the aisle and people started throwing up. It
was a horrific flight. And look, if you're over the US,
you can land at an airport pretty quick. You're over
the Atlantic, I mean, you're stuck until you can get
somewhere where you can land. So we've had situations like
(01:28):
this that have happened in the past, and they're just
they're not good for all the obvious reasons. And there's
protocol to take, but there's only so much you can do.
And when you're talking about it enclosed cabin, there's just
nowhere to escape. You know, the sounds, the smells, the
different types of things that make that situation just terrific.
(01:49):
And you're right, it is a biohazard situation, the same
way that if somebody drops their pants and you know,
tries to use the bathroom in an aisle, you just
can't have that kind of situation. But airline crews are
prepared when those types of things happen for a protocol.
The problem is sometimes you just can't land that airplane
as fast as you need to.
Speaker 1 (02:09):
Oh, it's potentially really seriously dangerous to other passengers, and
they treat it like it's blood and you know it's
coming out from inside somebody's body, and that could carry
all kinds of infections, disease, contagious, you know elements, and yeah,
they had it like biohazard is not you know, they're
not kidding this. It's a dangerous situation, right.
Speaker 2 (02:29):
Well, it's all like our first responders. You know, if
you see the police or EMTs that are responding to
a situation where somebody has a medical condition, they've got
the gloves. They're preparing themselves because they need to protect
themselves for anything that they might come across. And it's
the same situation there, and it's against thankfully, something that
(02:50):
doesn't happen on such a reoccurring basis that you and
I are talking about it on any sort of irregular situation.
But when it happens, you have to to take those precautions.
And good lord, you're talking about the busiest summer travel
season we've ever had, so we're on top of each other. Anyways,
on an airplane, there's nowhere to go, there's no empty seats,
(03:11):
and yeah, the options of trying to remove yourself from that,
I'm serious. The only thing you could do is go
the laboratory. Shut the door, lock the door, and stay
in there. I mean there's just yeah, and you don't
want to do that because of turbulence a lot of
other things. But they're not gonna let you in the
cockpit to sit. So that's the of the room you
(03:32):
could go to.
Speaker 1 (03:32):
Yeah, and Dad can't roll down the windows, so I
mean there's nothing you can do there. So all right,
for sure, Well let's switch gears. I mean, couldn't we.
Speaker 2 (03:40):
Couldn't, please please quickly?
Speaker 1 (03:42):
Right, the Fed, there's some indicators now that we might
see possibly by September, what a first rate cut in
a long time.
Speaker 2 (03:51):
Could see. A couple of weeks ago, your own pal said,
you know, we don't have to be all the way
at two percent. We can be close. And we got
some inflationary data this show hey, you know things are
trending in that direction as we would would like. So
the Fed's gonna has been meeting yesterday today Today the
FED chairman Pal is going to make a statement and
they're hoping he's going to telegraph that in September we
(04:13):
could see an interest rate cut. Now you've got people
that are going crazy saying, oh, not just a quarter
point but we could get a half point, it could
be double what we think it would be. And of
course there's a lot of real estate between now and
then we've got to cover. But that does not mean
the optimism on Wall Street is lost here because you
and I are talking right now at a historic moment,
(04:34):
and I'm so glad this is the timing that we're
on the air, because the futures of the Dow just
went over forty one thousand, Oh my god, first time ever.
First yesterday we got the forty thousand and eight eighty five,
And of course you and I spent a lot of
time saying, you know, are we going to ever hit
forty we ever get? Well, we blew by forty and
now in pre market at least we're over forty one thousand,
(04:55):
which is pretty impressive. A lot of people are getting
super excited here. I still think there's a lot of
reasons for concern. But look, when the euphoria is out there,
it's like people wait for the car to be the
most expensive it's ever been, and then I'm going to
go buy it. I've never understood that. I just don't.
Speaker 1 (05:11):
Jay. You and I have been talking so long, you
and I were talking about, my gosh, we could hit
thirty and now it's over forty.
Speaker 2 (05:18):
So yeah, that's it. We've been on the air that
long that we were wondering when we'd ever get there.
Speaker 1 (05:23):
What do you give credit to for this? Is it
the Harris Trump situation? Is that the potential of a
rate cut? What's driving this? And by the way, what
is the market thinking about the Harris Trump? You know?
Speaker 2 (05:35):
Battle Well, I mean when we had the debate, a
lot of things shifted towards Trump. So we saw a
lot of the energy stocks soar because in the oil stocks,
and we saw some of the solar companies start to
drop because you know, the shift in political positions depending
on which party wins. And then when Harris was announced,
(05:55):
things narrowed just a bit and it's kind of evened
out a little bit and we'll see which way things
go there. But the market's certainly keeping an eye on that.
But those are just some specific industries that might be impacted.
Closer we get to the election, I think we're going
to see more of that volatility kind of kick in.
But JT. Right now, it's a situation where, yeah, it's
the buzz lightyear effect to infinity and beyond. People have
(06:16):
forgotten that, yes, we have market corrections from time to time,
and you need to be careful because the market could
correct yourself ten fifteen to twenty percent, which people panic.
You shouldn't should have a game plan going into that.
But look, right now, it's all a matter of the Fed.
What are they going to say today? And it's going
to be interesting to say.
Speaker 1 (06:32):
Is that what's driving this forty one that we're saying
on the town.
Speaker 2 (06:36):
It is right now because the rate cuts are something
that they're just people are losing their minds over. Forget
the fact that this week we hit thirty five trillion
international debt. It goes up a trillion dollars every hundred days.
That's not a problem. I mean, the ship may be
on fire, but I'm having fun on my part, so
everything's going to be okay.
Speaker 1 (06:52):
All right, Very good, Jayralidaytrade fund dot Com. Thank you, Jay,
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