November 4, 2025 • 46 mins
On this episode of Simply Money presented by Allworth Financial, Bob and Brian dive into a temporary trade truce between the U.S. and China and what it means for investors. Plus, I Bonds are back in the spotlight—should you care? And Netflix announces a 10-for-1 stock split: is it a smart buy or just smoke and mirrors? Later, they explore the real costs—and surprises—of downsizing your home in retirement, discuss behavioral investing blind spots that could derail your financial plan, and uncover a little-known Social Security benefit for parents over 62 raising children under 18.
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Speaker 1 (00:00):
I guess your number one preset on the iHeartRadio app.
Speaker 2 (00:03):
It makes it easy to stay connected because I just
put on the app fifty five KRC the talk station.
Speaker 3 (00:16):
Tonight, trade tension thaws apparently have happened between the US
and China. An investment that was popular when inflation was
sky high is back in the is back in the
spotlight and more. You're listening to Simply Money, presented by
all Worth Financial and Bob Sponseller along with Brian James.
We've got some relatively big news to discuss regarding tariffs
(00:37):
and trade policy. Look, so let's bring in all Worse
Chief Investment Officer Andy Stout. Andy, thanks for joining us tonight.
Trade talks between the US and China appear to have
gone pretty well over the weekend.
Speaker 4 (00:51):
Yeah, when we look at what's been going on really
over the past week, not really necessarily just over the weekend,
but there's definitely been some progress. And I want to
call this a long term solution, but what I'll call
it is definitely some clear thawing movements in.
Speaker 5 (01:06):
The right direction.
Speaker 4 (01:07):
And I would call it really a temporary truce more
than any sort of groundbreaking UH deal. But it's truth
that will probably see some flare ups over the next
uh ever forever, yeah, uh, revisiting them and coming up
with additional truths and kind of think of it like
a piecemeal solution getting from point A to point B
(01:29):
and point B is really just from a big picture perspective,
I'll call it an internalization of you know, from a
nationalistic point of view, where the US is relying less
on the outside world and more on itself in the
process of doing so, you know, we're going to piecemeal
these trade deals along the way.
Speaker 6 (01:50):
That that's so, it sounds like this is good news
to hear here. Do you feel like this is going
to spread to other countries? Is this something that's uh,
you know with perhaps Canada or anybody else will will
other countries for which we've got a bit of a tiff.
Do we think we'll use this as a template or
do you think those are all their own individual deals
at this point?
Speaker 4 (02:07):
Well, I think there can be some templates provided, like
the deal with Japan from earlier this year.
Speaker 5 (02:12):
Is a good template.
Speaker 4 (02:13):
However, China is a beast in and of itself, and
I don't think that can really be applied to anywhere else.
Just considering the uh just the ongoing butting of heads
and tensions where it really does make it unique. And
you know, looking at what China actually did in terms
of you know, what they conceded and also what the
US conceded, you know, it is it's a decent deal
(02:34):
for both sides. I mean, I don't think any sides
too too happy. All the both leaders President Trump and
President Jijiping from China will you.
Speaker 5 (02:42):
Know, say otherwise.
Speaker 4 (02:43):
But when you look at what actually is coming out
of the deal on the US side, we're getting a
few things.
Speaker 5 (02:49):
We're getting you.
Speaker 4 (02:50):
We're getting China to commit to buying some soybeans, something
they haven't done all year, by the way, essentially cut
us off completely. So that was one of the leveraging
mechanisms that China employed. But they've committed to buying basically
twelve million metric tons of US soybeans for the rest
of US here in twenty five million tons for each
of the next three years twenty six, twenty seven, and
(03:10):
twenty eight. By the way, for some contacts, that's about
thirty percent of China's total soybean imports. So that's a
big chunk coming from zero to essentially thirty percent of it.
China also planned or posits planned restrictions on rare earth exports.
These are minerals that go into electronics like microchips, also
(03:31):
electronic vehicles. So they had put a pause on that
essentially completely their export restrictions that they had in place.
And that was another leveraging technique that China employed, was
the rare earth minerals as well as I just mentioned soybeans.
So these are things China did ahead of time because
President Jijiping wasn't going to be taken off guard a
(03:54):
second time like he was in President Trump's first term.
In return, though, the US got some stuff as well,
or the China got some stuff for conceding those points, right.
They what the US did was they cut terraffs from
the FENTONYL related products if you will, or tariffs from
twenty percent down to ten percent. That essentially brought the
average Chinese tariff import to forty seven percent, still pretty
(04:18):
high overall, especially compared to what it was, you know
a number of years ago. That said it is you know,
definitely a relief from China when they were being threatened
with terrace around one hundred and forty five percent. See,
they got the lower tariffs. They also got some easing
technology export rules. So China got some stuff, US got
some stuff. And again it's not a long term, comprehensive solution.
(04:40):
It's something that's going to need to be revisited each year.
Expect the occasional flare up followed by these, you know,
short term truces, if you will.
Speaker 3 (04:50):
Andy, don't you think this is all just evidence that
that the two countries need one another. I mean, let's
face it, you know, President Trump, I know, was starting
to get some.
Speaker 7 (04:58):
Heat from the farmers out in the midwa you know who.
Speaker 3 (05:01):
Let's face it, they supported him in the last election,
and yet you know they're unable to sell their crops.
So I know he was getting some heat from those folks. China,
on the other hand, they want the US technology exports
into their country. I noticed that both sides agreed to
suspend port fees on each other's ships.
Speaker 7 (05:19):
To me, correct me if I'm wrong.
Speaker 3 (05:21):
Isn't this just an evidence that the two largest economies,
you know, despite all the saber rattling and rehetick rhetoric
you know in the news media, they.
Speaker 7 (05:30):
Need each other.
Speaker 3 (05:31):
And these negotiations will continue along the edges, and it
is a competitive situation, but at the end of the day,
they at least got in a room together, work some
things out, and we move forward.
Speaker 4 (05:43):
Yeah, I mean, there is definitely like some symbiosis, if
you will, where Chinese the US, the US and needs China.
People could argue maybe the Chinaese US a little bit
more just because we buy so much from them that
really juices their overall economy. But at the same time,
you know, because we buy from them, that keeps you know,
cost lower here in the US. I mean, inflation is
already you know, not where anybody really wants it to be,
(06:05):
including the Federal Reserve him met last week.
Speaker 5 (06:08):
So you know, if we.
Speaker 4 (06:09):
Were totally unreliant on you know, China, we would need
to replace those those other inputs from other sources. Because
if you couldn't do everything in the US here as
much as you know, what everybody wants to from a
supply chain perspective, we we'd have to you know, focus
more on India and some other countries like that where
we might be able to get some cheap goods. And
(06:30):
that is not something that you can just flip a
light switch on and get done the next day. Even
though you are seeing some companies start to do built
some factories in India and that it will help, but
this is not a near term solution and certainly both
countries do need each other right now.
Speaker 8 (06:46):
Andy, one more question on this topic.
Speaker 6 (06:48):
So you know, at the risk of counting chickens before
they've actually hatched, it sounds like US and China might
be coming to an end here. Well, it'll never come
to an end, but in a much better spot than
the than the absolute freeze out that was recently. So
if assuming that continues on, what is the next country
or group of countries that you would have in mind
that you'd like to see some resolution too that we
can move forward.
Speaker 8 (07:08):
Do you have that thought?
Speaker 4 (07:10):
Well, I would say Canada and Mexico would be nice
right now. I mean, we still have the US NCAA
framework in place, and that does exemptly a lot of
products coming from Canada Mexico, but it's not finalized. I mean,
they're part of two of our biggest trading partners, you know,
outside of China, So when you put them all together,
those are kind of like the Big Three, if you will.
Speaker 5 (07:29):
And there's certainly been some tensions with Canada.
Speaker 4 (07:32):
Lately with the Reagan related advertisement that they ran during
the World Series, which obviously President Trump, I'm sure you
guys have all heard about it, was not too enthused
by that, and essentially President Trump said, yeah, we're not
going to talk to Canada more. We're going to just
cut off all negotiations. They're going to get, you know,
more tariffs on it. But the matter of the fact is,
(07:54):
when you look at what's been going on with Canada,
if you go back about a year, only about thirty
five forty percent of the products we imported from Canada
were exempt under the USMCA, so basically really no tariffs.
Speaker 5 (08:09):
They could have exempted more. The issue is it was
just too much of.
Speaker 4 (08:13):
A paperwork burden for them just because the tariffs that
they would pay for the remainder of those goods was
about three percent.
Speaker 5 (08:21):
Basically just nothing. Right.
Speaker 4 (08:23):
Then President Trump came in and up to the tariff.
So now about eighty percent of the product coming from
Canada are exempt under the US.
Speaker 5 (08:32):
Mexico Canada Agreement.
Speaker 4 (08:34):
So that is a move in the right directions from
Canada's perspective, But we still have a lot of tariffs
outstanding with Canada.
Speaker 5 (08:42):
And you know, I'm not.
Speaker 4 (08:44):
Necessarily anti or pro tariffs or anything like that, but
one on pro is definitely trade agreements and the ability
for the countries to get along, because that's going to
benefit everyone.
Speaker 5 (08:55):
So I would love to see US get Mexico and.
Speaker 4 (08:58):
Canada, you know, kind of we already pretty much have
Japan and England. Europe's not quite a done deal, but
you know, the other areas I would focus on furk
are definitely Canada Mexico.
Speaker 3 (09:10):
All right, dandy, let's switch gears and talk about this
government shutdown, which you know has the potential here a
few days to become the longest shut down in American history.
At what point, if at all, do you think this
shutdown might impact the financial markets. I mean, so far
stock and bond market are hanging in there just fine.
I mean, I think the markets are anticipating this is
(09:30):
all going to come to an end. At what point
does it start to impact things?
Speaker 4 (09:35):
Well, it'll start to impact things, you know, once you
get to the point where these job losses from the
shutdown on another temporary job losses, but once that really
flows through to the broad economy, and maybe these job
losses become permanent for whatever reason you see, maybe you
even see a permanent hit to consumer spending, and that's
(09:55):
going to away on just overall corporate profits and earnings.
Speaker 5 (09:58):
You know, we're not there yet.
Speaker 4 (10:00):
The thinking is that basically, once the government does reopen,
you're gonna see a bounce back in you know, consumer spending,
and a bounce back and labor in a few other areas.
So when you look at it from that perspective, the
conda starts seeing this is really just a temporary setback
with a rebound expected once it reopens. Now, how long
would the shutdown go on?
Speaker 5 (10:21):
I mean it.
Speaker 4 (10:22):
Could and tomorrow, loo could end the next month. I mean,
there's been virtually no movement. There's obviously a lot of tensions,
especially lately regarding you know, the snap benefits.
Speaker 5 (10:33):
So we'll see how this all plays out.
Speaker 4 (10:34):
But right now the markets are looking through it, and
they'll probably keep looking through it and looking past it
for some time because they view it as temporary.
Speaker 3 (10:42):
All Right, in about the minute and a half we
got left, I mean, let's at least touch on corporate earnings.
About two thirds of companies have reported their third quarter earnings,
and the results have been solid. Any surprises from what
you're seeing from earning its earnings announcements, and then our.
Speaker 7 (10:57):
Question we always ask you every week, is anything keeping
you up at night?
Speaker 4 (11:02):
So in terms of earnings, it's been a very good
earning season. We're, you know, roughly sixty four percent of
the S and P five hundred, which are large cap companies,
have report of profits. So far, we're about an eighty
three percent beat rate meeting eighty three percent of the
companies that have reported have topped those analysts essa. That's
the highest rate by just a few tens of a percent,
by the way, but that's still the highest since twenty twenty.
(11:23):
And when we look at where earnings are currently, they're
about thirteen percent higher compared to the past year. When
we started earning season, Wall Street expected about a seven
and a half percent growth rate, so we're almost doubling that.
So things have been pretty solid overall. You look at margins,
you know they're holding study, you know, even as costs
are elevated, which is impressive, right, But when we look
(11:44):
at what's just happened last week, last week was a
huge week for earnings. We had a lot of megacap
tech companies report. We had updates from Apple, Amazon, Meta,
Microsoft Alpha that by and large they did pretty good
except for Meta, and when I would think about the
whole make a cap space, Essentially, what we're seeing is
that executives are spending heavily on AI and data infrastructure,
(12:07):
but they're doing.
Speaker 5 (12:08):
It more with a ROI or return on investment front
and center.
Speaker 4 (12:12):
So instead of spending for spending sake on AI, uh,
they're actually.
Speaker 5 (12:16):
Spending for a reason.
Speaker 4 (12:18):
So essentially we're seeing a shift from AI euphoria to
AI execution. And that's pretty much the theme of earning season,
you know, as far as you know, what's keeping me
up at night? Uh, well, seeing the Bengals just blow that.
Uh you see Bearcats my Alma Modern following short as well. Uh,
(12:40):
you know that definitely kept me up since I was,
you know, staying up to watch it. It was a late start,
so admittedly I didn't make it through the whole game, especially,
you know, seeing how the game quickly evolved or maybe
devolved is the better word there.
Speaker 7 (12:53):
All Right, one major stock is splitting ten for one.
Speaker 3 (12:56):
Is that a buy signal or just nothing to really
pay attention to and a safe investment just tick back
over four percent yield. We'll tell you what it is
and whether it deserves a spot in your portfolio. You're
listening to Simply Money, presented by all Worth Financial on
fifty five KRC, the Talk Station.
Speaker 2 (13:15):
Our calendar never reads no event schedule. It's going to
be an eventful day.
Speaker 9 (13:20):
Check in, events are happening for the days, events, government
shutdown from tariffy, immigration.
Speaker 10 (13:25):
Enforcement, build a better Middle East every day around the clock,
fifty five KRC, The Talk Station.
Speaker 11 (13:31):
Allworth Financial a registered investment advisory firm. Any ideas presented
during this program are not intended to provide specific financial advice.
You should consult your own financial advisor, tax consultant, or
a state planning attorney to conduct your own due diligence.
Speaker 3 (13:51):
You're listening to Simply Money, presented by all Worth Financial
on Bob Sponsller along with Brian James. If you can't
listen to Simply Money every night, subscribe and get our
daily podcast. And if you think your friends or family
could use some financial advice, just tell them about us
as well. Search Simply Money on the iHeart app or
or wherever you find your podcast. Straight ahead of six
(14:13):
forty three. We're answering your questions about liquidity premiums, active
investment management, and why index fund investors like you might
be rethinking your strategy. Well, the US Treasury just announced
new rates for Series I savings bonds and they nudged
up just slightly. If you're still holding eyebonds or considering
(14:35):
buying more, here's what you need to know about the
new rate, what it means, and how these bonds really work.
Brian take us through this one.
Speaker 6 (14:44):
Well, Bob, if that lead in led any of our
listeners to get excited briefly that we might be back
to the nine percent rates of a few years ago,
well you can excel.
Speaker 8 (14:52):
That's not quite where we are, but they are over
four percent.
Speaker 6 (14:55):
So from now until April thirtieth, ay newly purchased eyebond,
it'll get you about four point zero three eight percent.
That's up slightly from the three ninety eight offered at
the end of October. So if you looked at that
three ninety eight and said, don't waste my money, then
all of a sudden you're looking at that four h
three going hey, that's for me, So I don't think
it's gonna change anybody's lives. But it's good to see
keep up on these headlines. So remember back in May
(15:17):
of twenty two, that's what I was just referring to there.
That was when the Treasury set the composite rate at
nine point six per two percent, which is is and
remains a record. Of course, investors rushed in, Bob, and
I had lots of conversations.
Speaker 8 (15:29):
With people about that.
Speaker 6 (15:30):
And again, these aren't the types of things you can
throw tens of millions of dollars in. There's limits on
how much you can throw in. So it's almost like
you want to do it for fun, have a little
money carved out and something like that, then go ahead,
But it's this is not something that's going to take
you from financial failure to financial success.
Speaker 7 (15:45):
It can put you in a slightly better situation though.
Speaker 3 (15:49):
Yeah, I mean this is just a call out on
the new rate, just for those that do keep track
of this stuff. And like you said, the investment, you know,
amounts that you could put into this or minimal. There's
lock uprates. I mean, I personally don't see a big
upside in being involved in these things with new money
in this environment. But again we're just at least making
you aware of what the rates are a little bit
(16:12):
more potential. Big news in the market Netflix, Brian announced
a ten for one stock split. A stock split for
everybody that forgets about what that is. It's when a
company increases a number of its standing shares by issuing
additional shares to current shareholders. And it's really just a
(16:32):
it's really just a shell game, you know, to some extent,
because it reduces the share price proportionally. For example, for
a ten for one split, everyone share becomes ten shares
and the price gets divided by ten. So, Brian, this happens,
you know, frequently for stocks that have done well, the
(16:52):
price has gone up. I mean, let's face it, Netflix shares,
we're trading it over one thousand dollars each at prices
some people out of the market, you know, especially younger,
smaller investors that are trying to get started and might
want to own some Netflix.
Speaker 7 (17:07):
Now it makes it more palatable for them.
Speaker 6 (17:09):
Yeah, and so we haven't heard a big one of
these in a while, but that that's pretty much the
reason they did it. Now, if you think of you
followed along the math that Bob did there, you're the
dollar amount that you have before the split does not change.
After the split, you simply have more shares at a
lower price instead of fewer shares at a higher price.
So that but the dollar amount of the total investment
does not change. It is really somewhat cosmetic. There are
(17:32):
rules and things, as you said, and some of the
investment plans out there if you're if you're just an
average investor, though, then it might be cost you a
little bit less to take a position in that. But
rest assured this Netflix is doing this for their for
their own benefit.
Speaker 1 (17:44):
Uh.
Speaker 6 (17:45):
And that translates to the investor through because now you
know there's just more availability by different investors to to
to buy into the stock. So historically speaking, we we've
had we got a big company here in town. Proctor
and Gamble does this all the time, and a lot
of people talk about the great split of whatever, of
all of ought six or whatever it does pre Proctery
Gamble is a great example. But again, the split itself
(18:07):
doesn't trigger more value in the investment. It just makes
it a little more palatable, and they does. Procty Gamble
has a long history in that of a growing past
that split. But that's again that's because of the business
that they are not because of this, you know, expert
financial wizardry of executing these splits to begin with.
Speaker 3 (18:25):
Yeah, and this is just a reminder that, you know,
when these splits happen, it's great, you know, it makes headlines,
but you still got to stay focused on the fundamentals
and the underlying company. You know, in the case of Netflix,
how is subscriber growth trending? You know, are they putting
out new content that people actually want to watch? Is
their margin pressure on the stock? Are there any new
(18:46):
competitors that are taking market share? Those are the things
that people should be focused on. And Brian, we see
this sometimes post split. You know, when some smaller investors
can get involved, that can increase in the short term
the volatility of stocks like this because people speculate, wow,
I can buy Netflix now, you know, and they'll pile
(19:08):
in again younger, less savvy investors. In the very very
short term, these can you know, behave a little bit
likenme stocks. And so if you're a long term holder
of Netflix, and let's face it, the stock has done wonderfully,
you know, we're.
Speaker 7 (19:24):
Just pointing this out.
Speaker 3 (19:25):
Now is a good time to be aware of what's
going on, and if it's time to maybe trim a
little bit off the top in terms of your gains,
or you might be wondering what just happened or why
some additional volatility might be happening in the stock.
Speaker 6 (19:37):
Well here's why, right, And so let's look at some
other examples from recent history too. So again, why companies
do this? And Vidia mactervat June of twenty four was
a good month for first splitz and Vidia had climbed
above a thousand bucks a share and split ten for one.
So now all of a sudden, the share price was
closer to one hundred dollars a share. That made it
(19:58):
more accessible. And when you're a stock like video where
everybody wants you, everybody wants you on their dance card. Well,
now if it's one hundred bucks versus one thousand dollars,
then it becomes a lot more attractive.
Speaker 7 (20:08):
More people will pull the trigger, so you get.
Speaker 6 (20:10):
A lot more investment out of those smaller retail investors.
Chipotle in that same month performed one of the largest
splits in history at a fifty for one because shares
had right reached over three thousand bucks a piece before
that split, and then afterwards that lower share price. Of course,
same reaction drew in more retail buyers and employees exercising options.
(20:30):
Amazon Alphabet, Apple itself has split five times since nineteen
eighty seven, including a four for one and twenty twenty hoping,
and it's really retail participation. The liquidity increases, it's easier
to get into the stock tesla.
Speaker 8 (20:43):
Same thing.
Speaker 6 (20:44):
Even on the other hand, we've got Berkshire Hathaway has
refused to split those Class A shares, which are now
over six hundred thousand dollars. They want to discourage short
term trading. So what they did there was they created
just a whole other share class. That's why when you
look up Burkshire Hathaway you see the A versus the B.
It's ultimately the same business, but one of them comes
at a lower price that's used for smaller investors. It
(21:05):
almost functions like a mutual fund. Different share classes.
Speaker 3 (21:08):
Well, and those Class B shares a Birchshire Hathaway aren't
exactly ten dollars a share either.
Speaker 8 (21:15):
But they're not six hundred thousand.
Speaker 7 (21:16):
Nope, nope, All right, switch your gears here.
Speaker 3 (21:20):
Let's say you've got a great financial plan, and you
might be on the verge of even retiring. Is it
time to downsize your home? We're gonna explore that question next.
You're listening to Simply Money, presented by all Worth Financial
on fifty five KRC the Talk station.
Speaker 2 (21:36):
There's a lot of stuff happened for store, law and order.
We'll going in at Russia and poot tariffs. And you
got a lot of stuff to do, work, stuff, the
kid's sports, stuff, stuff around the house.
Speaker 12 (21:46):
So we'll stuff at all into news updates, check you
and often this stuff.
Speaker 2 (21:50):
Fifty five KRC the Talk station.
Speaker 7 (21:53):
More than a few of our.
Speaker 2 (21:54):
Patients five KRC and iHeartRadio station.
Speaker 3 (22:02):
You're listening to Simply Money, presented by all Worth Financial.
I'm Bob sponseller along with Brian James, joined tonight by
our real estate expert Michelle Sloan, owner of Remax Time
and Michelle, I know tonight you.
Speaker 7 (22:14):
Want to talk about the whole topic.
Speaker 3 (22:16):
Of downsizing and I'm I'm really interested and fascinated to
hear your thoughts on this because it's a topic that
comes up all the time in our office with clients,
you know, heading into retirement. Should we downsize our home and.
Speaker 13 (22:31):
The important question is where do we go if we downsize?
And what is that quote unquote downsizing really costs. At
the end of the day, I've seen a few interesting
things come across my desk, but I want to hear
your thoughts on this topic.
Speaker 9 (22:45):
Okay, So downsizing, or as I like to call it,
right sizing. So I personally, so I'm hitting a big
birthday this year in just a couple of weeks actually,
and so it was time for me.
Speaker 8 (23:02):
To be thirty years old.
Speaker 7 (23:04):
Michelle, you don't have to be embarrassed by that.
Speaker 9 (23:06):
So sweet, I'm only forty two. But anyway, I'm kidding,
really kidding, that's not fair. I've been in business for
twenty years, in real estate twenty years, and before that,
I was in radio and television for twenty years. So
(23:27):
the big six in kindergarten real estate. Yeah, right, so
it's kind of crazy. But anyway, so Scott and I
actually we just recently this summer right size from a
two story home where we where our kids grew up,
where we lived for twenty years, and into a ranch
(23:47):
style property.
Speaker 7 (23:49):
There are a lot of people.
Speaker 9 (23:50):
In the sixty to sixty five, sixty to sixty seventy
price range or price range, age range. I was going
to say, no, sixty to se See, that's what happens
to your brain.
Speaker 7 (24:04):
When you get old. We lose it for you. Yeah.
Speaker 9 (24:08):
Well so anyway, so you know, we did.
Speaker 7 (24:12):
We made a move.
Speaker 9 (24:13):
After twenty years, our kids grew up in the two
story home. It's time to move to something that's a
little bit smaller. But of course it didn't end up
being a little bit smaller. We wanted it to be
a little bit less expensive. It was a little more expensive.
I think this is what you're talking about, because when
we want to downsize, it doesn't mean that you're going
to be spending less.
Speaker 7 (24:34):
Yeah, no such thing as a financial day. And you
took the words out of my mouth, Michelle. I run
into this all the time.
Speaker 3 (24:41):
But go ahead, you know, talk about the factors that
you and your husband, you know, looked at because I
know you're both you know, intelligent people, and you're obviously
a professional in this field. One of the things that
you really started to evaluate before pulling the trigger on
this quote unquote downsizing or right sizing.
Speaker 9 (24:59):
Well, we want to to talk about the cash and
equity that we did have the house that we lived
in was paid off, so we knew that by selling
that home we would have a large chunk of money.
Speaker 8 (25:10):
Did we want to pay cash for that next property?
Speaker 7 (25:13):
Absolutely?
Speaker 2 (25:15):
Could we do that?
Speaker 9 (25:16):
No, I still had to get a small loan. I
don't love the idea of getting a loan at seven percent,
But you know what, it was time and we've you know,
sometimes you just know when it's time. Emotionally, it has
to hit all of those buttons. It has to hit
the emotional button, the financial button. You have to be
(25:38):
flexible in your location, and you do want to talk
about costs because as we are going into our the
years where we're considering retiring, then we have to think about, Okay,
am I going to be able to afford this home
moving forward? So there's a lot of questions that you
(25:58):
have to ask yourself. And it just so happened that
a property came along, thankfully, someone I knew so off market.
I was really I was able to sort of pull
some strings within my networks find a home that I
found off market. We purchased that home and was able
to sell our home simultaneously, and it all worked out great.
Speaker 14 (26:20):
But it takes a.
Speaker 9 (26:21):
Lot, a lot of planning. So if if you're someone
or you know someone who is in the market right
now to downsize or write size, planning, planning, planning with
your real estate agent, with your financial advisor, to find
out where you want to go. Do you want to
be closer to your kids or do you want to
(26:42):
move far far away from your kids? Do you want
to spend more money? Can you spend more money or
spend less money? And that location of where you're going
to be moving to is that other aspect of how
much money are you going to spend? Do you want
to live on a golf course? Do you want to
live do you want to have a swimming pool? You know,
what is your lifestyle look like as you move into
(27:06):
the future.
Speaker 6 (27:07):
Yeah, Michelle, I really like the way you put that,
the way you went through that process for your own family,
because yes, the spreadsheet is important. It is important that
we can afford our lifestyles, and that of course includes
wherever that we live. But at the same time that
should not I don't ever want the spreadsheet to drive
a decision unless it's truly a dire financial plan. What
I mean by that is I don't want people going
well interest rates are high right now, So therefore we're
(27:29):
going to hold off on moving into our dream home,
even though we've always wanted to do that. If the
math works, do it, because you can always figure, you
can always refinance and that kind of thing later. So
you know, I wouldn't want anybody saying, well, now the
interest rates are finally where I want them to be,
so now I'm going to move into my beach home
with the tender age of eighty five.
Speaker 8 (27:45):
But we don't want to put it out.
Speaker 9 (27:46):
Well, and if you could be waiting a long time,
you know, we look into the crystal ball of what
mortgage rates are going to look like a month from now,
three months from now, they may.
Speaker 7 (27:57):
Fluctuate a little bit.
Speaker 9 (27:58):
I personally don't ever think we're gonna see three percent
as a mortgage rate. Ever, again, it put us into
a situation where it was great. It made the whole
market flourish for a while. But now so many people
that are holding onto those really low rates don't want
(28:19):
to make a move because they feel like they're stuck.
And that's a conversation, you're right, that I always have
with my clients, is okay, if you feel stuck because
you have one hundred thousand dollars at three percent, and
you would need to borrow maybe three hundred thousand dollars
at seven percent.
Speaker 8 (28:39):
Okay, it's part of the equation.
Speaker 9 (28:42):
And so if you're ready and you can afford it,
I always say, don't wait to live your life. And
that's the same with real estate.
Speaker 6 (28:50):
That's the same with retirement planning too, right, it's the
same with you need to run down to Athens, Ohio
this weekend and get that little bungalow.
Speaker 7 (28:58):
Your little parties help you. I can help move by that.
Speaker 3 (29:03):
See, Michelle will have you under contract by Saturday night.
This is all working out well for everybody. My Michelle
goes there more often than I do.
Speaker 6 (29:12):
We've got one more week of an empty apartment until
our daughter moves back in, and we're both sad.
Speaker 3 (29:17):
All right, Hey, Michelle, in the minute we got left,
walk us through if you could think of, you know,
maybe a horror story if somebody didn't do the planning,
didn't think ahead, made a rash decision and regretted it later.
You got any stories like that that you can share,
where you know the thing kind of the watch out.
Speaker 9 (29:34):
Well, the one thing was I did have a client
who moved out of state, moved to Florida and hated
it and missed their family here. Now they had to
live that, live through that, but after six months they
wanted to move back. Well, financially, if you try to
sell a property within the first year or two, most
(29:58):
likely you're not going to make money on your investment.
You have to be able to be in a home
for a while. They just got to Florida and they're like, gosh,
it's really hot down here. This is unbearable. Tell me that,
and there's a lot of traffic. So if you're going
to make a big move somewhere you've never been before,
I recommend going and spending a month somewhere and see
(30:22):
if you really like it before you invest big dollars
into buying a property.
Speaker 8 (30:27):
I think date.
Speaker 7 (30:27):
Before you get married, right, Michelle.
Speaker 15 (30:30):
All right?
Speaker 3 (30:31):
Great stuff is always from Michelle Sloan, owner of Remax Time.
Speaker 7 (30:34):
Thank you so much Michelle for joining us tonight.
Speaker 3 (30:37):
You're listeningly Money presented by all Worth Financial on fifty
five KRC, the talk station.
Speaker 2 (30:43):
Something is happening.
Speaker 15 (30:45):
It's time to end a failed experiment of open bodhas.
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Fifty five KRC the talk station.
Speaker 12 (31:12):
Here's the very latest from around the globe from the
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Speaker 16 (31:18):
President Trump is holding tell rallies in New Jersey and
Virginia in the hope of energizing voters ahead of tomorrow's
key elections. Voters in both states heading to the polls
tomorrow to elect new governors. Democrats are leading in the
polls in both states, but in New Jersey, Republican candidate
Jack Chittarelli has been closing the gap to almost a
dead heat. The Northeast and mid Atlantic areas are seeing
(31:40):
a storm system moving in which could bring rain, expected
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at George bush Into Continental Airport reached three hours for
(32:03):
the second straight day. Stops closed mixed. To start the
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company reached a thirty eight billion dollar deal with Open Ai.
I'm Jim Roop.
Speaker 2 (32:17):
On the Xavier Sports Network from lear Field.
Speaker 17 (32:20):
Savior Basketball is on the air, brought to you by
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This is the R and L Carriers pregame show R
and L Carriers. Visit RLC dot com and make R
and L Carriers your global transportation provider. Now Here are
Joe Sunderman and Byron Larkin.
Speaker 18 (32:56):
Hello everyone, and welcome to Centas Center on the campus
of Xave Universe in Cincinnati, Ohio. Tonight, in the season opener,
Xavier takes on Barris University.
Speaker 19 (33:04):
Welcome to the new era in Xavier basketball. Now after
winning twenty two games and advancing to the NCAA Tournament,
Sean Miller abruptly leaves for Texas, the team that he
defeated one week prior to his announcement. Xavier then goes
out and makes one of the nation's most intriguing hires
in tabbing New Mexico's Richard Patino as his replacement. Richard
(33:30):
is son of Hall of Fame coach Rick Patino, who
will now coach in the same league as his dad. Now,
Richard comes to Xavier after four seasons with the Lobos.
He led led them to the tournament the last three
consecutive years, winning seventy five games in those last three years. Now,
the hire has all of Xavier Nation in a buzz
(33:52):
of an excitement and anticipation as to what's going to
happen next.
Speaker 18 (33:56):
Richard Patino can coach. He was coach of the Year
the Big Ten, the Year of the Mountain West, and
I'm excited about the way he approaches the game of basketball.
It's different than what we've seen in the past. The
pace should be very very quick ultimately when he gets
his system installed. Plus he didn't wait take long to
take a shot.
Speaker 19 (34:14):
Yeah, he's an impressive person. When you say sit down
and meet with him, I mean he's only forty two
years old, and he's got twelve This is his thirteenth
he's got thirteen years of experience in coaching. One year
at Florida International, eight years at Minnesota. He said he
was thirty years old when he took the Minnesota job,
(34:36):
and then four years at New Mexico. He was the
coach of the year there. He's a Big ten coach
of the year. Two NCAA appearances at Minnesota, one n championship.
Speaker 5 (34:45):
So great.
Speaker 19 (34:46):
Christopher did a great job, I believe and going out
being aggressive and hiring him when Sean Miller left the program.
So he brings a lot of excitement, a lot of
it's so intriguing as to what's going to high and next,
what we're going to see when when Richard Patino coaches
against his dad here in the Sentai Center. Uh, it's
(35:07):
just it's just we're just in an unshattered you know,
just we're in we're in a place where we've never been,
and it's interesting to see what's going.
Speaker 2 (35:16):
To happen next.
Speaker 19 (35:17):
Brand new team, brand new team, brand new coach.
Speaker 5 (35:20):
Joe Uh.
Speaker 19 (35:21):
This is the first time that Xavier has not have
one player with any experience are playing one second of
basketball for the Musketeers. They have zero experience, even though
they've got a team, multiple of players, a lot of transfers,
(35:41):
but none of them have played on this floor. So
really interesting to see how they are gonna mess together.
Speaker 18 (35:47):
That's Xavier Musketeers taken on the Merris University Red Foxes.
This is the RNL Carrier's pregame show. Visit RLC dot
com and make RNL Carriers your global transportation provider. You're
listening to Xavier basketball from you on fifty five KRC
and the Harsity Network.
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When was the last time your bank lifted a finger
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Bourbon and barbecue sauce together as one at Buffalo Wild Wings.
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Bet I know how it happened. One night at a
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They chat, flirt, bad eyelashes, be dubs barbecue goes home
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Buffalo Wild Wings?
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Let's go sports bar.
Speaker 23 (38:01):
When the time only, while supplies last, Please drink responsibly.
Get ready, musket Heer Nation because light beer just got better.
As the craft beer partner of Xavier Athletics, Sam Adams
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What's the number? And the way you go troubles down
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All See your Sports Network from lear Field.
Speaker 23 (39:17):
K Sexton tomorrow at noon on fifty five KRC, the
talk station.
Speaker 18 (39:22):
Welcome back to Simton Center, Welcome back to the RNL
Carriers pregame show. The Xavier Mascoteers open the season tonight
against Marrish University. And let's check the keys to the game,
brought to you by Key Bank. For every financial need,
Key Bank will meet you in the moment.
Speaker 5 (39:37):
Key back three keys, Joe, Number one. They got to
take care of the ball.
Speaker 19 (39:41):
In the two exhibition games, they have more turnovers than
they had assists. They must value each possession of the
basketball game, Joe. They lost both of those exhibition games,
one against Murray State and the other in the closed
door scrimmage against Toledo.
Speaker 7 (39:58):
We weren't we.
Speaker 19 (39:59):
Heard about the Toledo scrimmage we didn't see a boxing score,
but in talking to some of the coaches, they really emphasized, hey,
they need to do a better job taking care of
the basketball and with the pace they like to play
at is going to be very important that they do that.
And that's the second. Keep playing with pace. Xavier is
built to play at a quick pace. It's something that
(40:20):
they work on every day in practice. They sprint the floor,
make good decisions with the ball, especially point guard Roddy
Anderson because he's going to have the ball in his
hands most of the time. And lastly, execute the defensive
system like they practice. Xu likes to trap ball screens
with good quick rotations off the ball. They'll need to
(40:40):
be sharp and fundamentally sound against the team that won
twenty games last year and the Mayors Red Foxes.
Speaker 18 (40:47):
Xaviers won thirty five straight regular season openers. They've won
all twenty five season openers here at Sintiz Center. This
will be the twenty sixth year for the Sinti Center environing.
As you look at this team, and this is something
we've never seen before. Xavier lost all their scholarship players,
replaced by eleven scholarship players, basically, and it's a whole
new world out there. But it's been interesting to watch
(41:08):
the coaching staff put this team together. They've had an
exhibition game, they've had a scrimmage and so forth, and
I think in those games the coaches were much more
concerned about how they played, even whether they won or lost.
They're just trying to build a team and blend a
team and find out which groups of players play the
best together.
Speaker 19 (41:26):
Yeah, Joe, it's something very important with any team, but
when you bring twelve new players together, it's even more important.
Chemistry and playing together and knowing the strengths and weaknesses
of your teammates. Xavier, they don't have a lot of experience,
they don't have any experience playing together, but they have
(41:49):
experience as basketball players. Everyone on this team except for
one player, and that's their freshman case in Westfall, has
play college basketball, So it's just for different teams now.
Meshing those players together into a cohesive unit is something
that coach is going to have to constantly try to
(42:12):
figure out, trying to figure out and sell into certain roles,
try to figure out.
Speaker 2 (42:17):
Who plays best together. That's all.
Speaker 19 (42:21):
That's that's all it has to be decided, and it
needs to be decided quickly. It's something they've been working
hard on ever since practice started throughout the summer, and
we'll see you know those results here in a minute.
Speaker 18 (42:36):
Coming up next on talking with the head coach. This
daf your Musketeers, Richard Patino. This is the RNL Carriers
pregame show. Visit RLC dot com and make RNL Carriers
your global transportation provider. You're listening to disavi your basketball
From're gonna feel on fifty five KRC and the Varsity Network.
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Speaker 20 (43:23):
When was the last time your bank lifted a finger
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demands serious attention. At Synfed, you're an owner and a member,
so we're always here to give you the attention you
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Speaker 2 (43:41):
Know what you expect from a bank.
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So why just bank when you can.
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Belong Synfed credit union that are really ensured by NCUA.
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(44:15):
Planning University dot com. Retirement Planning University is a nonprofit
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Why this must be to your basketball? From Dearfield, Penn
Station is turning up
I guess your number one preset on the iHeartRadio app.
Speaker 2 (00:03):
It makes it easy to stay connected because I just
put on the app fifty five KRC the talk station.
Speaker 3 (00:16):
Tonight, trade tension thaws apparently have happened between the US
and China. An investment that was popular when inflation was
sky high is back in the is back in the
spotlight and more. You're listening to Simply Money, presented by
all Worth Financial and Bob Sponseller along with Brian James.
We've got some relatively big news to discuss regarding tariffs
(00:37):
and trade policy. Look, so let's bring in all Worse
Chief Investment Officer Andy Stout. Andy, thanks for joining us tonight.
Trade talks between the US and China appear to have
gone pretty well over the weekend.
Speaker 4 (00:51):
Yeah, when we look at what's been going on really
over the past week, not really necessarily just over the weekend,
but there's definitely been some progress. And I want to
call this a long term solution, but what I'll call
it is definitely some clear thawing movements in.
Speaker 5 (01:06):
The right direction.
Speaker 4 (01:07):
And I would call it really a temporary truce more
than any sort of groundbreaking UH deal. But it's truth
that will probably see some flare ups over the next
uh ever forever, yeah, uh, revisiting them and coming up
with additional truths and kind of think of it like
a piecemeal solution getting from point A to point B
(01:29):
and point B is really just from a big picture perspective,
I'll call it an internalization of you know, from a
nationalistic point of view, where the US is relying less
on the outside world and more on itself in the
process of doing so, you know, we're going to piecemeal
these trade deals along the way.
Speaker 6 (01:50):
That that's so, it sounds like this is good news
to hear here. Do you feel like this is going
to spread to other countries? Is this something that's uh,
you know with perhaps Canada or anybody else will will
other countries for which we've got a bit of a tiff.
Do we think we'll use this as a template or
do you think those are all their own individual deals
at this point?
Speaker 4 (02:07):
Well, I think there can be some templates provided, like
the deal with Japan from earlier this year.
Speaker 5 (02:12):
Is a good template.
Speaker 4 (02:13):
However, China is a beast in and of itself, and
I don't think that can really be applied to anywhere else.
Just considering the uh just the ongoing butting of heads
and tensions where it really does make it unique. And
you know, looking at what China actually did in terms
of you know, what they conceded and also what the
US conceded, you know, it is it's a decent deal
(02:34):
for both sides. I mean, I don't think any sides
too too happy. All the both leaders President Trump and
President Jijiping from China will you.
Speaker 5 (02:42):
Know, say otherwise.
Speaker 4 (02:43):
But when you look at what actually is coming out
of the deal on the US side, we're getting a
few things.
Speaker 5 (02:49):
We're getting you.
Speaker 4 (02:50):
We're getting China to commit to buying some soybeans, something
they haven't done all year, by the way, essentially cut
us off completely. So that was one of the leveraging
mechanisms that China employed. But they've committed to buying basically
twelve million metric tons of US soybeans for the rest
of US here in twenty five million tons for each
of the next three years twenty six, twenty seven, and
(03:10):
twenty eight. By the way, for some contacts, that's about
thirty percent of China's total soybean imports. So that's a
big chunk coming from zero to essentially thirty percent of it.
China also planned or posits planned restrictions on rare earth exports.
These are minerals that go into electronics like microchips, also
(03:31):
electronic vehicles. So they had put a pause on that
essentially completely their export restrictions that they had in place.
And that was another leveraging technique that China employed, was
the rare earth minerals as well as I just mentioned soybeans.
So these are things China did ahead of time because
President Jijiping wasn't going to be taken off guard a
(03:54):
second time like he was in President Trump's first term.
In return, though, the US got some stuff as well,
or the China got some stuff for conceding those points, right.
They what the US did was they cut terraffs from
the FENTONYL related products if you will, or tariffs from
twenty percent down to ten percent. That essentially brought the
average Chinese tariff import to forty seven percent, still pretty
(04:18):
high overall, especially compared to what it was, you know
a number of years ago. That said it is you know,
definitely a relief from China when they were being threatened
with terrace around one hundred and forty five percent. See,
they got the lower tariffs. They also got some easing
technology export rules. So China got some stuff, US got
some stuff. And again it's not a long term, comprehensive solution.
(04:40):
It's something that's going to need to be revisited each year.
Expect the occasional flare up followed by these, you know,
short term truces, if you will.
Speaker 3 (04:50):
Andy, don't you think this is all just evidence that
that the two countries need one another. I mean, let's
face it, you know, President Trump, I know, was starting
to get some.
Speaker 7 (04:58):
Heat from the farmers out in the midwa you know who.
Speaker 3 (05:01):
Let's face it, they supported him in the last election,
and yet you know they're unable to sell their crops.
So I know he was getting some heat from those folks. China,
on the other hand, they want the US technology exports
into their country. I noticed that both sides agreed to
suspend port fees on each other's ships.
Speaker 7 (05:19):
To me, correct me if I'm wrong.
Speaker 3 (05:21):
Isn't this just an evidence that the two largest economies,
you know, despite all the saber rattling and rehetick rhetoric
you know in the news media, they.
Speaker 7 (05:30):
Need each other.
Speaker 3 (05:31):
And these negotiations will continue along the edges, and it
is a competitive situation, but at the end of the day,
they at least got in a room together, work some
things out, and we move forward.
Speaker 4 (05:43):
Yeah, I mean, there is definitely like some symbiosis, if
you will, where Chinese the US, the US and needs China.
People could argue maybe the Chinaese US a little bit
more just because we buy so much from them that
really juices their overall economy. But at the same time,
you know, because we buy from them, that keeps you know,
cost lower here in the US. I mean, inflation is
already you know, not where anybody really wants it to be,
(06:05):
including the Federal Reserve him met last week.
Speaker 5 (06:08):
So you know, if we.
Speaker 4 (06:09):
Were totally unreliant on you know, China, we would need
to replace those those other inputs from other sources. Because
if you couldn't do everything in the US here as
much as you know, what everybody wants to from a
supply chain perspective, we we'd have to you know, focus
more on India and some other countries like that where
we might be able to get some cheap goods. And
(06:30):
that is not something that you can just flip a
light switch on and get done the next day. Even
though you are seeing some companies start to do built
some factories in India and that it will help, but
this is not a near term solution and certainly both
countries do need each other right now.
Speaker 8 (06:46):
Andy, one more question on this topic.
Speaker 6 (06:48):
So you know, at the risk of counting chickens before
they've actually hatched, it sounds like US and China might
be coming to an end here. Well, it'll never come
to an end, but in a much better spot than
the than the absolute freeze out that was recently. So
if assuming that continues on, what is the next country
or group of countries that you would have in mind
that you'd like to see some resolution too that we
can move forward.
Speaker 8 (07:08):
Do you have that thought?
Speaker 4 (07:10):
Well, I would say Canada and Mexico would be nice
right now. I mean, we still have the US NCAA
framework in place, and that does exemptly a lot of
products coming from Canada Mexico, but it's not finalized. I mean,
they're part of two of our biggest trading partners, you know,
outside of China, So when you put them all together,
those are kind of like the Big Three, if you will.
Speaker 5 (07:29):
And there's certainly been some tensions with Canada.
Speaker 4 (07:32):
Lately with the Reagan related advertisement that they ran during
the World Series, which obviously President Trump, I'm sure you
guys have all heard about it, was not too enthused
by that, and essentially President Trump said, yeah, we're not
going to talk to Canada more. We're going to just
cut off all negotiations. They're going to get, you know,
more tariffs on it. But the matter of the fact is,
(07:54):
when you look at what's been going on with Canada,
if you go back about a year, only about thirty
five forty percent of the products we imported from Canada
were exempt under the USMCA, so basically really no tariffs.
Speaker 5 (08:09):
They could have exempted more. The issue is it was
just too much of.
Speaker 4 (08:13):
A paperwork burden for them just because the tariffs that
they would pay for the remainder of those goods was
about three percent.
Speaker 5 (08:21):
Basically just nothing. Right.
Speaker 4 (08:23):
Then President Trump came in and up to the tariff.
So now about eighty percent of the product coming from
Canada are exempt under the US.
Speaker 5 (08:32):
Mexico Canada Agreement.
Speaker 4 (08:34):
So that is a move in the right directions from
Canada's perspective, But we still have a lot of tariffs
outstanding with Canada.
Speaker 5 (08:42):
And you know, I'm not.
Speaker 4 (08:44):
Necessarily anti or pro tariffs or anything like that, but
one on pro is definitely trade agreements and the ability
for the countries to get along, because that's going to
benefit everyone.
Speaker 5 (08:55):
So I would love to see US get Mexico and.
Speaker 4 (08:58):
Canada, you know, kind of we already pretty much have
Japan and England. Europe's not quite a done deal, but
you know, the other areas I would focus on furk
are definitely Canada Mexico.
Speaker 3 (09:10):
All right, dandy, let's switch gears and talk about this
government shutdown, which you know has the potential here a
few days to become the longest shut down in American history.
At what point, if at all, do you think this
shutdown might impact the financial markets. I mean, so far
stock and bond market are hanging in there just fine.
I mean, I think the markets are anticipating this is
(09:30):
all going to come to an end. At what point
does it start to impact things?
Speaker 4 (09:35):
Well, it'll start to impact things, you know, once you
get to the point where these job losses from the
shutdown on another temporary job losses, but once that really
flows through to the broad economy, and maybe these job
losses become permanent for whatever reason you see, maybe you
even see a permanent hit to consumer spending, and that's
(09:55):
going to away on just overall corporate profits and earnings.
Speaker 5 (09:58):
You know, we're not there yet.
Speaker 4 (10:00):
The thinking is that basically, once the government does reopen,
you're gonna see a bounce back in you know, consumer spending,
and a bounce back and labor in a few other areas.
So when you look at it from that perspective, the
conda starts seeing this is really just a temporary setback
with a rebound expected once it reopens. Now, how long
would the shutdown go on?
Speaker 5 (10:21):
I mean it.
Speaker 4 (10:22):
Could and tomorrow, loo could end the next month. I mean,
there's been virtually no movement. There's obviously a lot of tensions,
especially lately regarding you know, the snap benefits.
Speaker 5 (10:33):
So we'll see how this all plays out.
Speaker 4 (10:34):
But right now the markets are looking through it, and
they'll probably keep looking through it and looking past it
for some time because they view it as temporary.
Speaker 3 (10:42):
All Right, in about the minute and a half we
got left, I mean, let's at least touch on corporate earnings.
About two thirds of companies have reported their third quarter earnings,
and the results have been solid. Any surprises from what
you're seeing from earning its earnings announcements, and then our.
Speaker 7 (10:57):
Question we always ask you every week, is anything keeping
you up at night?
Speaker 4 (11:02):
So in terms of earnings, it's been a very good
earning season. We're, you know, roughly sixty four percent of
the S and P five hundred, which are large cap companies,
have report of profits. So far, we're about an eighty
three percent beat rate meeting eighty three percent of the
companies that have reported have topped those analysts essa. That's
the highest rate by just a few tens of a percent,
by the way, but that's still the highest since twenty twenty.
(11:23):
And when we look at where earnings are currently, they're
about thirteen percent higher compared to the past year. When
we started earning season, Wall Street expected about a seven
and a half percent growth rate, so we're almost doubling that.
So things have been pretty solid overall. You look at margins,
you know they're holding study, you know, even as costs
are elevated, which is impressive, right, But when we look
(11:44):
at what's just happened last week, last week was a
huge week for earnings. We had a lot of megacap
tech companies report. We had updates from Apple, Amazon, Meta,
Microsoft Alpha that by and large they did pretty good
except for Meta, and when I would think about the
whole make a cap space, Essentially, what we're seeing is
that executives are spending heavily on AI and data infrastructure,
(12:07):
but they're doing.
Speaker 5 (12:08):
It more with a ROI or return on investment front
and center.
Speaker 4 (12:12):
So instead of spending for spending sake on AI, uh,
they're actually.
Speaker 5 (12:16):
Spending for a reason.
Speaker 4 (12:18):
So essentially we're seeing a shift from AI euphoria to
AI execution. And that's pretty much the theme of earning season,
you know, as far as you know, what's keeping me
up at night? Uh, well, seeing the Bengals just blow that.
Uh you see Bearcats my Alma Modern following short as well. Uh,
(12:40):
you know that definitely kept me up since I was,
you know, staying up to watch it. It was a late start,
so admittedly I didn't make it through the whole game, especially,
you know, seeing how the game quickly evolved or maybe
devolved is the better word there.
Speaker 7 (12:53):
All Right, one major stock is splitting ten for one.
Speaker 3 (12:56):
Is that a buy signal or just nothing to really
pay attention to and a safe investment just tick back
over four percent yield. We'll tell you what it is
and whether it deserves a spot in your portfolio. You're
listening to Simply Money, presented by all Worth Financial on
fifty five KRC, the Talk Station.
Speaker 2 (13:15):
Our calendar never reads no event schedule. It's going to
be an eventful day.
Speaker 9 (13:20):
Check in, events are happening for the days, events, government
shutdown from tariffy, immigration.
Speaker 10 (13:25):
Enforcement, build a better Middle East every day around the clock,
fifty five KRC, The Talk Station.
Speaker 11 (13:31):
Allworth Financial a registered investment advisory firm. Any ideas presented
during this program are not intended to provide specific financial advice.
You should consult your own financial advisor, tax consultant, or
a state planning attorney to conduct your own due diligence.
Speaker 3 (13:51):
You're listening to Simply Money, presented by all Worth Financial
on Bob Sponsller along with Brian James. If you can't
listen to Simply Money every night, subscribe and get our
daily podcast. And if you think your friends or family
could use some financial advice, just tell them about us
as well. Search Simply Money on the iHeart app or
or wherever you find your podcast. Straight ahead of six
(14:13):
forty three. We're answering your questions about liquidity premiums, active
investment management, and why index fund investors like you might
be rethinking your strategy. Well, the US Treasury just announced
new rates for Series I savings bonds and they nudged
up just slightly. If you're still holding eyebonds or considering
(14:35):
buying more, here's what you need to know about the
new rate, what it means, and how these bonds really work.
Brian take us through this one.
Speaker 6 (14:44):
Well, Bob, if that lead in led any of our
listeners to get excited briefly that we might be back
to the nine percent rates of a few years ago,
well you can excel.
Speaker 8 (14:52):
That's not quite where we are, but they are over
four percent.
Speaker 6 (14:55):
So from now until April thirtieth, ay newly purchased eyebond,
it'll get you about four point zero three eight percent.
That's up slightly from the three ninety eight offered at
the end of October. So if you looked at that
three ninety eight and said, don't waste my money, then
all of a sudden you're looking at that four h
three going hey, that's for me, So I don't think
it's gonna change anybody's lives. But it's good to see
keep up on these headlines. So remember back in May
(15:17):
of twenty two, that's what I was just referring to there.
That was when the Treasury set the composite rate at
nine point six per two percent, which is is and
remains a record. Of course, investors rushed in, Bob, and
I had lots of conversations.
Speaker 8 (15:29):
With people about that.
Speaker 6 (15:30):
And again, these aren't the types of things you can
throw tens of millions of dollars in. There's limits on
how much you can throw in. So it's almost like
you want to do it for fun, have a little
money carved out and something like that, then go ahead,
But it's this is not something that's going to take
you from financial failure to financial success.
Speaker 7 (15:45):
It can put you in a slightly better situation though.
Speaker 3 (15:49):
Yeah, I mean this is just a call out on
the new rate, just for those that do keep track
of this stuff. And like you said, the investment, you know,
amounts that you could put into this or minimal. There's
lock uprates. I mean, I personally don't see a big
upside in being involved in these things with new money
in this environment. But again we're just at least making
you aware of what the rates are a little bit
(16:12):
more potential. Big news in the market Netflix, Brian announced
a ten for one stock split. A stock split for
everybody that forgets about what that is. It's when a
company increases a number of its standing shares by issuing
additional shares to current shareholders. And it's really just a
(16:32):
it's really just a shell game, you know, to some extent,
because it reduces the share price proportionally. For example, for
a ten for one split, everyone share becomes ten shares
and the price gets divided by ten. So, Brian, this happens,
you know, frequently for stocks that have done well, the
(16:52):
price has gone up. I mean, let's face it, Netflix shares,
we're trading it over one thousand dollars each at prices
some people out of the market, you know, especially younger,
smaller investors that are trying to get started and might
want to own some Netflix.
Speaker 7 (17:07):
Now it makes it more palatable for them.
Speaker 6 (17:09):
Yeah, and so we haven't heard a big one of
these in a while, but that that's pretty much the
reason they did it. Now, if you think of you
followed along the math that Bob did there, you're the
dollar amount that you have before the split does not change.
After the split, you simply have more shares at a
lower price instead of fewer shares at a higher price.
So that but the dollar amount of the total investment
does not change. It is really somewhat cosmetic. There are
(17:32):
rules and things, as you said, and some of the
investment plans out there if you're if you're just an
average investor, though, then it might be cost you a
little bit less to take a position in that. But
rest assured this Netflix is doing this for their for
their own benefit.
Speaker 1 (17:44):
Uh.
Speaker 6 (17:45):
And that translates to the investor through because now you
know there's just more availability by different investors to to
to buy into the stock. So historically speaking, we we've
had we got a big company here in town. Proctor
and Gamble does this all the time, and a lot
of people talk about the great split of whatever, of
all of ought six or whatever it does pre Proctery
Gamble is a great example. But again, the split itself
(18:07):
doesn't trigger more value in the investment. It just makes
it a little more palatable, and they does. Procty Gamble
has a long history in that of a growing past
that split. But that's again that's because of the business
that they are not because of this, you know, expert
financial wizardry of executing these splits to begin with.
Speaker 3 (18:25):
Yeah, and this is just a reminder that, you know,
when these splits happen, it's great, you know, it makes headlines,
but you still got to stay focused on the fundamentals
and the underlying company. You know, in the case of Netflix,
how is subscriber growth trending? You know, are they putting
out new content that people actually want to watch? Is
their margin pressure on the stock? Are there any new
(18:46):
competitors that are taking market share? Those are the things
that people should be focused on. And Brian, we see
this sometimes post split. You know, when some smaller investors
can get involved, that can increase in the short term
the volatility of stocks like this because people speculate, wow,
I can buy Netflix now, you know, and they'll pile
(19:08):
in again younger, less savvy investors. In the very very
short term, these can you know, behave a little bit
likenme stocks. And so if you're a long term holder
of Netflix, and let's face it, the stock has done wonderfully,
you know, we're.
Speaker 7 (19:24):
Just pointing this out.
Speaker 3 (19:25):
Now is a good time to be aware of what's
going on, and if it's time to maybe trim a
little bit off the top in terms of your gains,
or you might be wondering what just happened or why
some additional volatility might be happening in the stock.
Speaker 6 (19:37):
Well here's why, right, And so let's look at some
other examples from recent history too. So again, why companies
do this? And Vidia mactervat June of twenty four was
a good month for first splitz and Vidia had climbed
above a thousand bucks a share and split ten for one.
So now all of a sudden, the share price was
closer to one hundred dollars a share. That made it
(19:58):
more accessible. And when you're a stock like video where
everybody wants you, everybody wants you on their dance card. Well,
now if it's one hundred bucks versus one thousand dollars,
then it becomes a lot more attractive.
Speaker 7 (20:08):
More people will pull the trigger, so you get.
Speaker 6 (20:10):
A lot more investment out of those smaller retail investors.
Chipotle in that same month performed one of the largest
splits in history at a fifty for one because shares
had right reached over three thousand bucks a piece before
that split, and then afterwards that lower share price. Of course,
same reaction drew in more retail buyers and employees exercising options.
(20:30):
Amazon Alphabet, Apple itself has split five times since nineteen
eighty seven, including a four for one and twenty twenty hoping,
and it's really retail participation. The liquidity increases, it's easier
to get into the stock tesla.
Speaker 8 (20:43):
Same thing.
Speaker 6 (20:44):
Even on the other hand, we've got Berkshire Hathaway has
refused to split those Class A shares, which are now
over six hundred thousand dollars. They want to discourage short
term trading. So what they did there was they created
just a whole other share class. That's why when you
look up Burkshire Hathaway you see the A versus the B.
It's ultimately the same business, but one of them comes
at a lower price that's used for smaller investors. It
(21:05):
almost functions like a mutual fund. Different share classes.
Speaker 3 (21:08):
Well, and those Class B shares a Birchshire Hathaway aren't
exactly ten dollars a share either.
Speaker 8 (21:15):
But they're not six hundred thousand.
Speaker 7 (21:16):
Nope, nope, All right, switch your gears here.
Speaker 3 (21:20):
Let's say you've got a great financial plan, and you
might be on the verge of even retiring. Is it
time to downsize your home? We're gonna explore that question next.
You're listening to Simply Money, presented by all Worth Financial
on fifty five KRC the Talk station.
Speaker 2 (21:36):
There's a lot of stuff happened for store, law and order.
We'll going in at Russia and poot tariffs. And you
got a lot of stuff to do, work, stuff, the
kid's sports, stuff, stuff around the house.
Speaker 12 (21:46):
So we'll stuff at all into news updates, check you
and often this stuff.
Speaker 2 (21:50):
Fifty five KRC the Talk station.
Speaker 7 (21:53):
More than a few of our.
Speaker 2 (21:54):
Patients five KRC and iHeartRadio station.
Speaker 3 (22:02):
You're listening to Simply Money, presented by all Worth Financial.
I'm Bob sponseller along with Brian James, joined tonight by
our real estate expert Michelle Sloan, owner of Remax Time
and Michelle, I know tonight you.
Speaker 7 (22:14):
Want to talk about the whole topic.
Speaker 3 (22:16):
Of downsizing and I'm I'm really interested and fascinated to
hear your thoughts on this because it's a topic that
comes up all the time in our office with clients,
you know, heading into retirement. Should we downsize our home and.
Speaker 13 (22:31):
The important question is where do we go if we downsize?
And what is that quote unquote downsizing really costs. At
the end of the day, I've seen a few interesting
things come across my desk, but I want to hear
your thoughts on this topic.
Speaker 9 (22:45):
Okay, So downsizing, or as I like to call it,
right sizing. So I personally, so I'm hitting a big
birthday this year in just a couple of weeks actually,
and so it was time for me.
Speaker 8 (23:02):
To be thirty years old.
Speaker 7 (23:04):
Michelle, you don't have to be embarrassed by that.
Speaker 9 (23:06):
So sweet, I'm only forty two. But anyway, I'm kidding,
really kidding, that's not fair. I've been in business for
twenty years, in real estate twenty years, and before that,
I was in radio and television for twenty years. So
(23:27):
the big six in kindergarten real estate. Yeah, right, so
it's kind of crazy. But anyway, so Scott and I
actually we just recently this summer right size from a
two story home where we where our kids grew up,
where we lived for twenty years, and into a ranch
(23:47):
style property.
Speaker 7 (23:49):
There are a lot of people.
Speaker 9 (23:50):
In the sixty to sixty five, sixty to sixty seventy
price range or price range, age range. I was going
to say, no, sixty to se See, that's what happens
to your brain.
Speaker 7 (24:04):
When you get old. We lose it for you. Yeah.
Speaker 9 (24:08):
Well so anyway, so you know, we did.
Speaker 7 (24:12):
We made a move.
Speaker 9 (24:13):
After twenty years, our kids grew up in the two
story home. It's time to move to something that's a
little bit smaller. But of course it didn't end up
being a little bit smaller. We wanted it to be
a little bit less expensive. It was a little more expensive.
I think this is what you're talking about, because when
we want to downsize, it doesn't mean that you're going
to be spending less.
Speaker 7 (24:34):
Yeah, no such thing as a financial day. And you
took the words out of my mouth, Michelle. I run
into this all the time.
Speaker 3 (24:41):
But go ahead, you know, talk about the factors that
you and your husband, you know, looked at because I
know you're both you know, intelligent people, and you're obviously
a professional in this field. One of the things that
you really started to evaluate before pulling the trigger on
this quote unquote downsizing or right sizing.
Speaker 9 (24:59):
Well, we want to to talk about the cash and
equity that we did have the house that we lived
in was paid off, so we knew that by selling
that home we would have a large chunk of money.
Speaker 8 (25:10):
Did we want to pay cash for that next property?
Speaker 7 (25:13):
Absolutely?
Speaker 2 (25:15):
Could we do that?
Speaker 9 (25:16):
No, I still had to get a small loan. I
don't love the idea of getting a loan at seven percent,
But you know what, it was time and we've you know,
sometimes you just know when it's time. Emotionally, it has
to hit all of those buttons. It has to hit
the emotional button, the financial button. You have to be
(25:38):
flexible in your location, and you do want to talk
about costs because as we are going into our the
years where we're considering retiring, then we have to think about, Okay,
am I going to be able to afford this home
moving forward? So there's a lot of questions that you
(25:58):
have to ask yourself. And it just so happened that
a property came along, thankfully, someone I knew so off market.
I was really I was able to sort of pull
some strings within my networks find a home that I
found off market. We purchased that home and was able
to sell our home simultaneously, and it all worked out great.
Speaker 14 (26:20):
But it takes a.
Speaker 9 (26:21):
Lot, a lot of planning. So if if you're someone
or you know someone who is in the market right
now to downsize or write size, planning, planning, planning with
your real estate agent, with your financial advisor, to find
out where you want to go. Do you want to
be closer to your kids or do you want to
(26:42):
move far far away from your kids? Do you want
to spend more money? Can you spend more money or
spend less money? And that location of where you're going
to be moving to is that other aspect of how
much money are you going to spend? Do you want
to live on a golf course? Do you want to
live do you want to have a swimming pool? You know,
what is your lifestyle look like as you move into
(27:06):
the future.
Speaker 6 (27:07):
Yeah, Michelle, I really like the way you put that,
the way you went through that process for your own family,
because yes, the spreadsheet is important. It is important that
we can afford our lifestyles, and that of course includes
wherever that we live. But at the same time that
should not I don't ever want the spreadsheet to drive
a decision unless it's truly a dire financial plan. What
I mean by that is I don't want people going
well interest rates are high right now, So therefore we're
(27:29):
going to hold off on moving into our dream home,
even though we've always wanted to do that. If the
math works, do it, because you can always figure, you
can always refinance and that kind of thing later. So
you know, I wouldn't want anybody saying, well, now the
interest rates are finally where I want them to be,
so now I'm going to move into my beach home
with the tender age of eighty five.
Speaker 8 (27:45):
But we don't want to put it out.
Speaker 9 (27:46):
Well, and if you could be waiting a long time,
you know, we look into the crystal ball of what
mortgage rates are going to look like a month from now,
three months from now, they may.
Speaker 7 (27:57):
Fluctuate a little bit.
Speaker 9 (27:58):
I personally don't ever think we're gonna see three percent
as a mortgage rate. Ever, again, it put us into
a situation where it was great. It made the whole
market flourish for a while. But now so many people
that are holding onto those really low rates don't want
(28:19):
to make a move because they feel like they're stuck.
And that's a conversation, you're right, that I always have
with my clients, is okay, if you feel stuck because
you have one hundred thousand dollars at three percent, and
you would need to borrow maybe three hundred thousand dollars
at seven percent.
Speaker 8 (28:39):
Okay, it's part of the equation.
Speaker 9 (28:42):
And so if you're ready and you can afford it,
I always say, don't wait to live your life. And
that's the same with real estate.
Speaker 6 (28:50):
That's the same with retirement planning too, right, it's the
same with you need to run down to Athens, Ohio
this weekend and get that little bungalow.
Speaker 7 (28:58):
Your little parties help you. I can help move by that.
Speaker 3 (29:03):
See, Michelle will have you under contract by Saturday night.
This is all working out well for everybody. My Michelle
goes there more often than I do.
Speaker 6 (29:12):
We've got one more week of an empty apartment until
our daughter moves back in, and we're both sad.
Speaker 3 (29:17):
All right, Hey, Michelle, in the minute we got left,
walk us through if you could think of, you know,
maybe a horror story if somebody didn't do the planning,
didn't think ahead, made a rash decision and regretted it later.
You got any stories like that that you can share,
where you know the thing kind of the watch out.
Speaker 9 (29:34):
Well, the one thing was I did have a client
who moved out of state, moved to Florida and hated
it and missed their family here. Now they had to
live that, live through that, but after six months they
wanted to move back. Well, financially, if you try to
sell a property within the first year or two, most
(29:58):
likely you're not going to make money on your investment.
You have to be able to be in a home
for a while. They just got to Florida and they're like, gosh,
it's really hot down here. This is unbearable. Tell me that,
and there's a lot of traffic. So if you're going
to make a big move somewhere you've never been before,
I recommend going and spending a month somewhere and see
(30:22):
if you really like it before you invest big dollars
into buying a property.
Speaker 8 (30:27):
I think date.
Speaker 7 (30:27):
Before you get married, right, Michelle.
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All right?
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Great stuff is always from Michelle Sloan, owner of Remax Time.
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Thank you so much Michelle for joining us tonight.
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You're listeningly Money presented by all Worth Financial on fifty
five KRC, the talk station.
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Something is happening.
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It's time to end a failed experiment of open bodhas.
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Your countries are going to hell. Something in our country,
Charlie Kirk, I forgive them Antifa across.
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This country would be Trump ass and Ryan Ruth guilty
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Something in our world Chato should shoot down Russian gear
craft in all day they enter their ear seat. It's
always something, Yes, I do. It's a very important moment.
Fifty five KRC the talk station.
Speaker 12 (31:12):
Here's the very latest from around the globe from the
fifty five KRC News Center.
Speaker 16 (31:18):
President Trump is holding tell rallies in New Jersey and
Virginia in the hope of energizing voters ahead of tomorrow's
key elections. Voters in both states heading to the polls
tomorrow to elect new governors. Democrats are leading in the
polls in both states, but in New Jersey, Republican candidate
Jack Chittarelli has been closing the gap to almost a
dead heat. The Northeast and mid Atlantic areas are seeing
(31:40):
a storm system moving in which could bring rain, expected
to result in some travel delays around the IE to
ninety five Corridor. Travelers in Houston, meantime, facing hours long
waits to get through security due to staffing issues caused
by the federal government shutdown. Wait times for TSA checkpoints
at George bush Into Continental Airport reached three hours for
(32:03):
the second straight day. Stops closed mixed. To start the
new month. On Wall Street, Textdocs provided some lift to
the market, with Amazon shares up four percent after the
company reached a thirty eight billion dollar deal with Open Ai.
I'm Jim Roop.
Speaker 2 (32:17):
On the Xavier Sports Network from lear Field.
Speaker 17 (32:20):
Savior Basketball is on the air, brought to you by
Try Help. Try Health provides supprisingly human care that drives
the best health outcomes. Be seen, be heard, be healed.
Visit tryhealth dot com and buy but late, easy to drink.
Speaker 2 (32:38):
Easy to enjoy.
Speaker 17 (32:40):
This is the R and L Carriers pregame show R
and L Carriers. Visit RLC dot com and make R
and L Carriers your global transportation provider. Now Here are
Joe Sunderman and Byron Larkin.
Speaker 18 (32:56):
Hello everyone, and welcome to Centas Center on the campus
of Xave Universe in Cincinnati, Ohio. Tonight, in the season opener,
Xavier takes on Barris University.
Speaker 19 (33:04):
Welcome to the new era in Xavier basketball. Now after
winning twenty two games and advancing to the NCAA Tournament,
Sean Miller abruptly leaves for Texas, the team that he
defeated one week prior to his announcement. Xavier then goes
out and makes one of the nation's most intriguing hires
in tabbing New Mexico's Richard Patino as his replacement. Richard
(33:30):
is son of Hall of Fame coach Rick Patino, who
will now coach in the same league as his dad. Now,
Richard comes to Xavier after four seasons with the Lobos.
He led led them to the tournament the last three
consecutive years, winning seventy five games in those last three years. Now,
the hire has all of Xavier Nation in a buzz
(33:52):
of an excitement and anticipation as to what's going to
happen next.
Speaker 18 (33:56):
Richard Patino can coach. He was coach of the Year
the Big Ten, the Year of the Mountain West, and
I'm excited about the way he approaches the game of basketball.
It's different than what we've seen in the past. The
pace should be very very quick ultimately when he gets
his system installed. Plus he didn't wait take long to
take a shot.
Speaker 19 (34:14):
Yeah, he's an impressive person. When you say sit down
and meet with him, I mean he's only forty two
years old, and he's got twelve This is his thirteenth
he's got thirteen years of experience in coaching. One year
at Florida International, eight years at Minnesota. He said he
was thirty years old when he took the Minnesota job,
(34:36):
and then four years at New Mexico. He was the
coach of the year there. He's a Big ten coach
of the year. Two NCAA appearances at Minnesota, one n championship.
Speaker 5 (34:45):
So great.
Speaker 19 (34:46):
Christopher did a great job, I believe and going out
being aggressive and hiring him when Sean Miller left the program.
So he brings a lot of excitement, a lot of
it's so intriguing as to what's going to high and next,
what we're going to see when when Richard Patino coaches
against his dad here in the Sentai Center. Uh, it's
(35:07):
just it's just we're just in an unshattered you know,
just we're in we're in a place where we've never been,
and it's interesting to see what's going.
Speaker 2 (35:16):
To happen next.
Speaker 19 (35:17):
Brand new team, brand new team, brand new coach.
Speaker 5 (35:20):
Joe Uh.
Speaker 19 (35:21):
This is the first time that Xavier has not have
one player with any experience are playing one second of
basketball for the Musketeers. They have zero experience, even though
they've got a team, multiple of players, a lot of transfers,
(35:41):
but none of them have played on this floor. So
really interesting to see how they are gonna mess together.
Speaker 18 (35:47):
That's Xavier Musketeers taken on the Merris University Red Foxes.
This is the RNL Carrier's pregame show. Visit RLC dot
com and make RNL Carriers your global transportation provider. You're
listening to Xavier basketball from you on fifty five KRC
and the Harsity Network.
Speaker 17 (36:03):
When it comes to all wheel drive vehicles, nobody gives
you more to choose from than Toyota, including the best
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You've also got Toyota's five Brothers, which include the best
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Nobody knows all wheel drive better than Toyota.
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Let's go places.
Speaker 20 (36:33):
When was the last time your bank lifted a finger
to solve a problem find a better option or offer
even an ounce of guidance. Money is complicated when it
demands serious attention. At sinfed, you're an owner and a member,
so we're always here to give you the attention you
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What you expect from a bank.
Speaker 20 (36:53):
That's because we're a credit union where almost anyone listening
right now can join. So why just bank when you
can belong on simpit credit union, set it really insured
by NCUA.
Speaker 1 (37:05):
RDI is a proud Xavier sponsor when it comes to winning.
RDI is the go to player for your business. RDI
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Speaker 21 (37:34):
Bourbon and barbecue sauce together as one at Buffalo Wild Wings.
Speaker 22 (37:38):
Bet I know how it happened. One night at a
dimly lit Bedubs smooth bourbon bumped into tangy barbecue sauce.
They chat, flirt, bad eyelashes, be dubs barbecue goes home
with bourbon, some hickory incense is lit.
Speaker 21 (37:50):
It's a fall on seduction when they just pay ho. Sorry,
you know what got carried away there? It's just this
bourbon barbecue sauce?
Speaker 10 (37:57):
Is that good?
Speaker 2 (37:58):
Buffalo Wild Wings?
Speaker 21 (37:59):
Let's go sports bar.
Speaker 23 (38:01):
When the time only, while supplies last, Please drink responsibly.
Get ready, musket Heer Nation because light beer just got better.
As the craft beer partner of Xavier Athletics, Sam Adams
is here to elevate your game day experience with the clean,
cresp taste of American Light. You're not just grabbing any
light beer, You're upgrading to the best in the game.
It's smooth, easy drinking, and oh so refreshing. You'll be
(38:22):
reaching for another one in no time. Plus, American Light
is brewed right here in the USA, using all American
sourced ingredients. Sam Adams American Light Beer because when life
calls for a cold one, it's always Sam Season.
Speaker 2 (38:34):
Oh no, there's water everywhere. Dad, a pipe broke my
pork carpet. We need a plumber. I'm fast. Roto Ruter
does plumbing.
Speaker 14 (38:41):
We need somebody to clean up this water and Rotor
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This seems like can find a phone in all this water.
I'm calling a bunch of people. I told you Rotor
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Speaker 10 (38:56):
What's the number? And the way you go troubles down
the drain. This he's muscle tier festive balls in the air.
All See your Sports Network from lear Field.
Speaker 23 (39:17):
K Sexton tomorrow at noon on fifty five KRC, the
talk station.
Speaker 18 (39:22):
Welcome back to Simton Center, Welcome back to the RNL
Carriers pregame show. The Xavier Mascoteers open the season tonight
against Marrish University. And let's check the keys to the game,
brought to you by Key Bank. For every financial need,
Key Bank will meet you in the moment.
Speaker 5 (39:37):
Key back three keys, Joe, Number one. They got to
take care of the ball.
Speaker 19 (39:41):
In the two exhibition games, they have more turnovers than
they had assists. They must value each possession of the
basketball game, Joe. They lost both of those exhibition games,
one against Murray State and the other in the closed
door scrimmage against Toledo.
Speaker 7 (39:58):
We weren't we.
Speaker 19 (39:59):
Heard about the Toledo scrimmage we didn't see a boxing score,
but in talking to some of the coaches, they really emphasized, hey,
they need to do a better job taking care of
the basketball and with the pace they like to play
at is going to be very important that they do that.
And that's the second. Keep playing with pace. Xavier is
built to play at a quick pace. It's something that
(40:20):
they work on every day in practice. They sprint the floor,
make good decisions with the ball, especially point guard Roddy
Anderson because he's going to have the ball in his
hands most of the time. And lastly, execute the defensive
system like they practice. Xu likes to trap ball screens
with good quick rotations off the ball. They'll need to
(40:40):
be sharp and fundamentally sound against the team that won
twenty games last year and the Mayors Red Foxes.
Speaker 18 (40:47):
Xaviers won thirty five straight regular season openers. They've won
all twenty five season openers here at Sintiz Center. This
will be the twenty sixth year for the Sinti Center environing.
As you look at this team, and this is something
we've never seen before. Xavier lost all their scholarship players,
replaced by eleven scholarship players, basically, and it's a whole
new world out there. But it's been interesting to watch
(41:08):
the coaching staff put this team together. They've had an
exhibition game, they've had a scrimmage and so forth, and
I think in those games the coaches were much more
concerned about how they played, even whether they won or lost.
They're just trying to build a team and blend a
team and find out which groups of players play the
best together.
Speaker 19 (41:26):
Yeah, Joe, it's something very important with any team, but
when you bring twelve new players together, it's even more important.
Chemistry and playing together and knowing the strengths and weaknesses
of your teammates. Xavier, they don't have a lot of experience,
they don't have any experience playing together, but they have
(41:49):
experience as basketball players. Everyone on this team except for
one player, and that's their freshman case in Westfall, has
play college basketball, So it's just for different teams now.
Meshing those players together into a cohesive unit is something
that coach is going to have to constantly try to
(42:12):
figure out, trying to figure out and sell into certain roles,
try to figure out.
Speaker 2 (42:17):
Who plays best together. That's all.
Speaker 19 (42:21):
That's that's all it has to be decided, and it
needs to be decided quickly. It's something they've been working
hard on ever since practice started throughout the summer, and
we'll see you know those results here in a minute.
Speaker 18 (42:36):
Coming up next on talking with the head coach. This
daf your Musketeers, Richard Patino. This is the RNL Carriers
pregame show. Visit RLC dot com and make RNL Carriers
your global transportation provider. You're listening to disavi your basketball
From're gonna feel on fifty five KRC and the Varsity Network.
Speaker 24 (42:53):
Tri Health and Beacon Orthopedics have teamed up to create
the most comprehensive sports medicine program in the Tri State.
You don't have to be a Xavior athlete to receive
the very best orthopedic.
Speaker 8 (43:03):
Care in the region.
Speaker 24 (43:05):
Now everyone from high school, college and pro athletes to
fans like us can receive expert orthopedic care for everything
from minor injuries to major surgeries. Learn more and schedule
an appointment today at trhealth dot com. Slash Beacon proud
Healthcare providers of Xavier Athletics.
Speaker 20 (43:23):
When was the last time your bank lifted a finger
to solve a problem? Find a better option or offer
even an ounce of guidance. Money is complicated and it
demands serious attention. At Synfed, you're an owner and a member,
so we're always here to give you the attention you
and your money deserve.
Speaker 2 (43:41):
Know what you expect from a bank.
Speaker 20 (43:42):
That's because we're a credit union where almost anyone listening
right now can join.
Speaker 2 (43:46):
So why just bank when you can.
Speaker 20 (43:49):
Belong Synfed credit union that are really ensured by NCUA.
Speaker 14 (43:53):
If you're fifty or older and starting to think seriously
about retirement, don't miss Retirement Planning the University. This comprehensive
educational event helps you understand how to plan for retirement.
Join us at Xavier University for two nights of an
easy to follow, interactive, no pressure learning experience. Reserve your
seat now at Retirement Planning University dot com. That's Retirement
(44:15):
Planning University dot com. Retirement Planning University is a nonprofit
and not in a credit university. Xavior University is not
a client. See website for disclosures. Go Musketeers. Yeah, it's
another day, but what kind of day is it?
Speaker 17 (44:27):
Really?
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A day of doom scrolling laundry day?
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Nah, it's a white claw day light and refreshing tasting,
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Speaker 25 (44:57):
Can't carry a bowling ball in a plastic bag, can't
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For over forty five years, Snappy has built a reputation
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go some on the worst floor.
Speaker 10 (45:57):
Get crowd.
Speaker 2 (45:58):
Why this must be to your basketball? From Dearfield, Penn
Station is turning up
Simply Money News
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