September 25, 2025 • 10 mins
Jonathan Hoenig of CapitalistPig.com has the latest news from Wall Street including Disney+ raising their monthly rates
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Can't you remember Sister Jean. Remember her? She went viral
in twenty eighteen.
Speaker 2 (00:05):
She with Loyola.
Speaker 1 (00:06):
Yeah, she's a Loyol University Chicago's men's basketball team's chaplain.
Speaker 2 (00:11):
Yes.
Speaker 1 (00:12):
And they made an epic run into the Final four, Yes,
during twenty eighteen, and Sister Jean was a big part
of that and she went viral as a cute, sweet woman.
She's retiring, yes, as chaplain of the men's basketball team
at Loyola.
Speaker 3 (00:30):
Yeah.
Speaker 2 (00:30):
I think at one hundred and six, it's time. Hundred
and six. Yeah, I think she needs to spend some
time on the beach. With the raining time she has left.
Speaker 1 (00:37):
We want to talk about working past retirement age just
as slightly. I mean, she could have hung it up
forty years ago.
Speaker 2 (00:43):
There's no doubt. I mean it's remarkable. Good for her.
Speaker 1 (00:47):
Yeah, she and boy, she was a good luck charm
for Loyola.
Speaker 3 (00:51):
She just was.
Speaker 2 (00:52):
It was unreal. Yeah.
Speaker 1 (00:54):
When I saw the headline and I saw viral sensation
Sister Jean, I'm like, oh no, oh, no, I know,
And then I opened it up, I'm like, oh no,
she's just retiring.
Speaker 2 (01:05):
They got to retire the scarf that she wore. They
should hang that in like a hall of fame and.
Speaker 1 (01:10):
Loyal unbelievable what what? What an unbelievable story. She is
one hundred and six years old. She's now just stepping
away from the university.
Speaker 2 (01:18):
Charming little smile.
Speaker 1 (01:19):
Let's go ramblers and broilers.
Speaker 2 (01:22):
See all right.
Speaker 1 (01:24):
Over to the Legacy Retirement Group dot com phone line.
Let's check in with our capitalist pig. He is Jonathan
Honig and John You've got breaking news this morning on Starbucks.
Speaker 2 (01:33):
What's going on, Mike?
Speaker 3 (01:34):
Yeah, great to do at you breaking news. As you said,
I'm Starbucks. They are taking the word is significant action
to turn around it's struggling business. They are closing hundreds
of stores, in fact, about one percent. They've got eighteen
hundred North American locations. They're closing about one percent of
their locations, laying off nine hundred people. The company is
saying that it's going to cost them a better billion
(01:55):
dollars to make the changes. Companies up a little bit
the stock in pre market, creating, but some layoffs of
Starbucks to come as a turnaround effort there might still
seems to be elusive. One thing that turned around yesterday.
I have to tell you is lithium. Did you see
this story about the government investing in a lithium stock?
Did Lithium America? This is the small stock was of
(02:16):
ninety percent yesterday after the Trump administration said it was
looking to take a stake, take an equity stake owned
stock and the operator of what is said to be
the largest lithium mine in the country and gets this.
It's up another twenty percent this morning. So Trump administration
having some I guess success because it's stock picking. But
the overall market mike down yesterday for the second straight day,
(02:39):
and it's about interest rates, questions about whether the Fed
is going to cut will it be a quarter point
a half point and inflation, which the president has claimed
is basically been eliminated. Is it really under control when
you're seeing, for example, precious metals like gold hit all
time highs. So a lot of mixed signals, but one
thing for sure, Lithium America. That's the president's latest pick
(02:59):
off and up big.
Speaker 2 (03:00):
And the ticker symbol there is LAC.
Speaker 1 (03:04):
Was that stock out about what six bucks now this
morning is what I saw, So it's it's cheap stock,
and I would assume this is all in advance of
making the lithium ion batteries.
Speaker 2 (03:15):
Is that the thought there.
Speaker 3 (03:16):
Well, actually it's part of the renegotiation. So the company
had gotten a loan from the Department of Energy a
couple of years ago, a two billion dollar loans. So
this is basically trying to squat that debt for equity.
And interestingly it's also helping shares of General Motors, they
own a little piece of this company as well. So
government playing a really important and very big, much bigger
(03:38):
part of the economy and certainly the stock market than
we've seen it many many years, Mike. But you know,
it all comes down to jobs. Jobs, jobs are what
powered the economy. And we got a little bit of
a warrisome indicator yesterday from Challenger Gray and Christmas. You know,
they tracked the job market. They see that seasonal hiring
in retail is poised to fall to the lowest level
(04:00):
since two thousand and nine, a sixteen year low, in
an eight percent decline year over year. And you remember, Mike,
last year, at this time I was already telling you
about companies like Target and Macy's and one eight hundred
Flowers all hiring a lot of holiday staff extra holiday stack.
That's not happening this year, so a little bit of
a worries some science for the economy. Seasonal retail hiring
(04:22):
at its lowest level in literally almost two decades.
Speaker 1 (04:24):
That's interesting. I wonder how much of that is because
of the fears on the economy, or just how we
have shifted the way we shop for the holidays. We
you know, so often we just go to Amazon and
buy stuff or wherever and it's delivered right to the house.
We're not necessarily going as much as we used to
brick in mortars to go Christmas shopping. That and I
(04:44):
feel like Christmas and holiday shopping is really extended out.
I mean, my wife was talking about it the other day.
Speaker 2 (04:52):
Shopping anymore.
Speaker 1 (04:52):
This doesn't start on December tenth and then three weeks
of you know, a mad dash before the holidays. So
I wonder how much that also figures in Jonathan hooni
capitalistpig dot Com another stat this was a big one too,
new home sales.
Speaker 2 (05:05):
I saw Jonathan sword twenty percent last month.
Speaker 3 (05:08):
This really shocked all economists. I mean, we were expecting
a higher number, but nothing like that much lower than expected.
As you said, new home sales soared in August, and
in fact they soared in August when the average rate
on that thirty year fixed mortgage, you know, it's all
about interest rates when it comes to buying real estate,
the average fixed rate was actually higher than it is today,
(05:29):
so that at that point we were talking about a
six point six percent of thirty year mortgage and that
rate is even lower today. So, you know, keeping a
close sign the mortgage market, MIC and the housing market
in general is so difficult, especially for young people to
get into that so called starter home, and many people
have not still left their starter home because they have
(05:50):
those so called golden handcuffs, those ultra low interest rates
locked in now years ago during the pandemic. So keeping
a close sign on that, and of course on businesses
written large. I know you're an Instagram user. WTVN has
got a great page over on Instagram. Three billion with
a bi monthly users at Instagram that have owned by
(06:11):
Meta that's the parent company of Facebook as well. Mark
Zuckerberg boasting yesterday, what an incredible community's built here. And
gotta admit, Mike, you know, in the early days of
the Internet, Instagram wasn't even around and it's really one
of the major forces in social media, and Meta has
taken a victory lap over that today.
Speaker 2 (06:30):
Yeah, as well they should.
Speaker 1 (06:31):
And it's one of the few social media platforms that
I actually do check. I mean to me, I don't
know about you, Jonathan. Facebook has become a wasteland. Same
with X formerly Twitter, Instagram. It seems the algorithm is
a little different there and you get more of what
you're what you're asking for in your feeds.
Speaker 2 (06:48):
But that could contribute to that record numbers. They're good
for them.
Speaker 1 (06:51):
And on the heels of the whole Jimmy Kimmel thing,
Disney see they're raising the prices streaming prices for Disney Plus,
Hulu and ESPN coming.
Speaker 3 (07:02):
At kind of uncomfortable time, makes you said you need
a parent parent company of ABC and lots of turmoil
over Jimmy Kimball and those issues. But the company now
announcing it will increase prices of the monthly Disney Plus
plan by about two dollars a month. It's going to
go up to eleven dollars ninety nine cents, and if
you want the no ad premium plan that's going to
(07:24):
go up to nineteen dollars a month. So uh, we're
even seeing things like Hulu going up, Mike, from you know,
a ten ninety nine a month to twelve ninety nine
a month. And you know, on one level, it's easy
to say, oh, what's two dollars here, are two dollars there,
But then you think about that across your whole economy
and everything you own by is continuing to go off,
you know, three percent, five percent, eight percent. I think
(07:45):
that's why so many Americans, Mike, despite the fact that
inflations come down, are still feeling stretched and still piling
on the credit card debt.
Speaker 1 (07:52):
A couple of times a year, my wife and I
will sit down and look at everything, all of our subscriptions,
and when you start to add that up, it's remarkable
how much you pay each month, all the subscriptions we
have today for whether it's music or TV, and it's
just like, okay, what can we do without? And if
you're talking, you know, twenty bucks to get commercial free,
ad free streaming, which I thought that was the whole
(08:14):
point of streaming too, by the way, is that not
have to pay for commercials. But we'll see what happens
with them. But that's that does seem kind of steep.
Speaking with Jonathan hoone Capitalistpig dot Com check them out
if you have a moment today and mentioned this, I
think it was yesterday, Jonathan, America has a new top
selling beer.
Speaker 3 (08:31):
Yeah, and it's not Modello. And it's pretty surprising fact,
mikelob Ultra, that is a beer of Anheuser bush It.
It's now overtaken bud Light and it's maintain its lead
over Modello. It is now five volume sales by volume,
the largest selling beer you're to date according to retail sources.
(08:53):
So pretty surprising. I can't say I'm a big michelob
Ultra drinker, but you got to be impressed the fact
that bud Light is still number two. It was just
a couple of years ago that they got themselves into
some trouble with a transgender spokesperson and the endorsements and
not one like that. So the real issue is Modello.
You know, Mondello basically has been hit very hard. Half
(09:15):
of Modello's drinkers are Hispanic and according to the CNN article,
many have stopped going out to restaurants and gathering in
large groups. Why because fears of being swept up in deportations.
So you've got a lot of politics now coming into
the profit of some of these major beer companies like
Anheuser Busch.
Speaker 1 (09:33):
Yeah, interesting story there, and some of the dynamics at
work there. You've got so much good stuff here this morning, Jonathan,
I'm looking at this one. I guess I don't know
if this is a good problem to have. This trade
schools story. Trade schools are kind of dealing with a
shortage in instructors because there's such a high demand for
people going to trade schools instead of like a traditional
(09:55):
four year college.
Speaker 3 (09:56):
I mean, Mike, you probably have like I do that
niece that you know, got the women the live the
degree or the you know, the real liberal arts degree.
You can't find a job in anything, and you know,
many of them come out of college one hundred thousand
dollars in debt. Meanwhile, and Fox Business has the story
trade schools are struggling to fight higher qualified instructors. You've
(10:17):
got more and more people showing an interest in careers
in the skilled trades. And you know, Micah, a, I
can't do automotive work. Automotive work and it can't necessarily
fix the house or be a plumber, necessarily like that.
So these are durable jobs of which there's growing demand,
and you know, I think that's a bullish thing about
the economy. You know, even amid uncertainty over cariffs and trade,
(10:38):
you still got Americans want into go. I guess they're
pretty unsexy jobs, but important parts of our economy, and
we salute every one of Americans trades people, men, women,
old and young,
Can't you remember Sister Jean. Remember her? She went viral
in twenty eighteen.
Speaker 2 (00:05):
She with Loyola.
Speaker 1 (00:06):
Yeah, she's a Loyol University Chicago's men's basketball team's chaplain.
Speaker 2 (00:11):
Yes.
Speaker 1 (00:12):
And they made an epic run into the Final four, Yes,
during twenty eighteen, and Sister Jean was a big part
of that and she went viral as a cute, sweet woman.
She's retiring, yes, as chaplain of the men's basketball team
at Loyola.
Speaker 3 (00:30):
Yeah.
Speaker 2 (00:30):
I think at one hundred and six, it's time. Hundred
and six. Yeah, I think she needs to spend some
time on the beach. With the raining time she has left.
Speaker 1 (00:37):
We want to talk about working past retirement age just
as slightly. I mean, she could have hung it up
forty years ago.
Speaker 2 (00:43):
There's no doubt. I mean it's remarkable. Good for her.
Speaker 1 (00:47):
Yeah, she and boy, she was a good luck charm
for Loyola.
Speaker 3 (00:51):
She just was.
Speaker 2 (00:52):
It was unreal. Yeah.
Speaker 1 (00:54):
When I saw the headline and I saw viral sensation
Sister Jean, I'm like, oh no, oh, no, I know,
And then I opened it up, I'm like, oh no,
she's just retiring.
Speaker 2 (01:05):
They got to retire the scarf that she wore. They
should hang that in like a hall of fame and.
Speaker 1 (01:10):
Loyal unbelievable what what? What an unbelievable story. She is
one hundred and six years old. She's now just stepping
away from the university.
Speaker 2 (01:18):
Charming little smile.
Speaker 1 (01:19):
Let's go ramblers and broilers.
Speaker 2 (01:22):
See all right.
Speaker 1 (01:24):
Over to the Legacy Retirement Group dot com phone line.
Let's check in with our capitalist pig. He is Jonathan
Honig and John You've got breaking news this morning on Starbucks.
Speaker 2 (01:33):
What's going on, Mike?
Speaker 3 (01:34):
Yeah, great to do at you breaking news. As you said,
I'm Starbucks. They are taking the word is significant action
to turn around it's struggling business. They are closing hundreds
of stores, in fact, about one percent. They've got eighteen
hundred North American locations. They're closing about one percent of
their locations, laying off nine hundred people. The company is
saying that it's going to cost them a better billion
(01:55):
dollars to make the changes. Companies up a little bit
the stock in pre market, creating, but some layoffs of
Starbucks to come as a turnaround effort there might still
seems to be elusive. One thing that turned around yesterday.
I have to tell you is lithium. Did you see
this story about the government investing in a lithium stock?
Did Lithium America? This is the small stock was of
(02:16):
ninety percent yesterday after the Trump administration said it was
looking to take a stake, take an equity stake owned
stock and the operator of what is said to be
the largest lithium mine in the country and gets this.
It's up another twenty percent this morning. So Trump administration
having some I guess success because it's stock picking. But
the overall market mike down yesterday for the second straight day,
(02:39):
and it's about interest rates, questions about whether the Fed
is going to cut will it be a quarter point
a half point and inflation, which the president has claimed
is basically been eliminated. Is it really under control when
you're seeing, for example, precious metals like gold hit all
time highs. So a lot of mixed signals, but one
thing for sure, Lithium America. That's the president's latest pick
(02:59):
off and up big.
Speaker 2 (03:00):
And the ticker symbol there is LAC.
Speaker 1 (03:04):
Was that stock out about what six bucks now this
morning is what I saw, So it's it's cheap stock,
and I would assume this is all in advance of
making the lithium ion batteries.
Speaker 2 (03:15):
Is that the thought there.
Speaker 3 (03:16):
Well, actually it's part of the renegotiation. So the company
had gotten a loan from the Department of Energy a
couple of years ago, a two billion dollar loans. So
this is basically trying to squat that debt for equity.
And interestingly it's also helping shares of General Motors, they
own a little piece of this company as well. So
government playing a really important and very big, much bigger
(03:38):
part of the economy and certainly the stock market than
we've seen it many many years, Mike. But you know,
it all comes down to jobs. Jobs, jobs are what
powered the economy. And we got a little bit of
a warrisome indicator yesterday from Challenger Gray and Christmas. You know,
they tracked the job market. They see that seasonal hiring
in retail is poised to fall to the lowest level
(04:00):
since two thousand and nine, a sixteen year low, in
an eight percent decline year over year. And you remember, Mike,
last year, at this time I was already telling you
about companies like Target and Macy's and one eight hundred
Flowers all hiring a lot of holiday staff extra holiday stack.
That's not happening this year, so a little bit of
a worries some science for the economy. Seasonal retail hiring
(04:22):
at its lowest level in literally almost two decades.
Speaker 1 (04:24):
That's interesting. I wonder how much of that is because
of the fears on the economy, or just how we
have shifted the way we shop for the holidays. We
you know, so often we just go to Amazon and
buy stuff or wherever and it's delivered right to the house.
We're not necessarily going as much as we used to
brick in mortars to go Christmas shopping. That and I
(04:44):
feel like Christmas and holiday shopping is really extended out.
I mean, my wife was talking about it the other day.
Speaker 2 (04:52):
Shopping anymore.
Speaker 1 (04:52):
This doesn't start on December tenth and then three weeks
of you know, a mad dash before the holidays. So
I wonder how much that also figures in Jonathan hooni
capitalistpig dot Com another stat this was a big one too,
new home sales.
Speaker 2 (05:05):
I saw Jonathan sword twenty percent last month.
Speaker 3 (05:08):
This really shocked all economists. I mean, we were expecting
a higher number, but nothing like that much lower than expected.
As you said, new home sales soared in August, and
in fact they soared in August when the average rate
on that thirty year fixed mortgage, you know, it's all
about interest rates when it comes to buying real estate,
the average fixed rate was actually higher than it is today,
(05:29):
so that at that point we were talking about a
six point six percent of thirty year mortgage and that
rate is even lower today. So, you know, keeping a
close sign the mortgage market, MIC and the housing market
in general is so difficult, especially for young people to
get into that so called starter home, and many people
have not still left their starter home because they have
(05:50):
those so called golden handcuffs, those ultra low interest rates
locked in now years ago during the pandemic. So keeping
a close sign on that, and of course on businesses
written large. I know you're an Instagram user. WTVN has
got a great page over on Instagram. Three billion with
a bi monthly users at Instagram that have owned by
(06:11):
Meta that's the parent company of Facebook as well. Mark
Zuckerberg boasting yesterday, what an incredible community's built here. And
gotta admit, Mike, you know, in the early days of
the Internet, Instagram wasn't even around and it's really one
of the major forces in social media, and Meta has
taken a victory lap over that today.
Speaker 2 (06:30):
Yeah, as well they should.
Speaker 1 (06:31):
And it's one of the few social media platforms that
I actually do check. I mean to me, I don't
know about you, Jonathan. Facebook has become a wasteland. Same
with X formerly Twitter, Instagram. It seems the algorithm is
a little different there and you get more of what
you're what you're asking for in your feeds.
Speaker 2 (06:48):
But that could contribute to that record numbers. They're good
for them.
Speaker 1 (06:51):
And on the heels of the whole Jimmy Kimmel thing,
Disney see they're raising the prices streaming prices for Disney Plus,
Hulu and ESPN coming.
Speaker 3 (07:02):
At kind of uncomfortable time, makes you said you need
a parent parent company of ABC and lots of turmoil
over Jimmy Kimball and those issues. But the company now
announcing it will increase prices of the monthly Disney Plus
plan by about two dollars a month. It's going to
go up to eleven dollars ninety nine cents, and if
you want the no ad premium plan that's going to
(07:24):
go up to nineteen dollars a month. So uh, we're
even seeing things like Hulu going up, Mike, from you know,
a ten ninety nine a month to twelve ninety nine
a month. And you know, on one level, it's easy
to say, oh, what's two dollars here, are two dollars there,
But then you think about that across your whole economy
and everything you own by is continuing to go off,
you know, three percent, five percent, eight percent. I think
(07:45):
that's why so many Americans, Mike, despite the fact that
inflations come down, are still feeling stretched and still piling
on the credit card debt.
Speaker 1 (07:52):
A couple of times a year, my wife and I
will sit down and look at everything, all of our subscriptions,
and when you start to add that up, it's remarkable
how much you pay each month, all the subscriptions we
have today for whether it's music or TV, and it's
just like, okay, what can we do without? And if
you're talking, you know, twenty bucks to get commercial free,
ad free streaming, which I thought that was the whole
(08:14):
point of streaming too, by the way, is that not
have to pay for commercials. But we'll see what happens
with them. But that's that does seem kind of steep.
Speaking with Jonathan hoone Capitalistpig dot Com check them out
if you have a moment today and mentioned this, I
think it was yesterday, Jonathan, America has a new top
selling beer.
Speaker 3 (08:31):
Yeah, and it's not Modello. And it's pretty surprising fact,
mikelob Ultra, that is a beer of Anheuser bush It.
It's now overtaken bud Light and it's maintain its lead
over Modello. It is now five volume sales by volume,
the largest selling beer you're to date according to retail sources.
(08:53):
So pretty surprising. I can't say I'm a big michelob
Ultra drinker, but you got to be impressed the fact
that bud Light is still number two. It was just
a couple of years ago that they got themselves into
some trouble with a transgender spokesperson and the endorsements and
not one like that. So the real issue is Modello.
You know, Mondello basically has been hit very hard. Half
(09:15):
of Modello's drinkers are Hispanic and according to the CNN article,
many have stopped going out to restaurants and gathering in
large groups. Why because fears of being swept up in deportations.
So you've got a lot of politics now coming into
the profit of some of these major beer companies like
Anheuser Busch.
Speaker 1 (09:33):
Yeah, interesting story there, and some of the dynamics at
work there. You've got so much good stuff here this morning, Jonathan,
I'm looking at this one. I guess I don't know
if this is a good problem to have. This trade
schools story. Trade schools are kind of dealing with a
shortage in instructors because there's such a high demand for
people going to trade schools instead of like a traditional
(09:55):
four year college.
Speaker 3 (09:56):
I mean, Mike, you probably have like I do that
niece that you know, got the women the live the
degree or the you know, the real liberal arts degree.
You can't find a job in anything, and you know,
many of them come out of college one hundred thousand
dollars in debt. Meanwhile, and Fox Business has the story
trade schools are struggling to fight higher qualified instructors. You've
(10:17):
got more and more people showing an interest in careers
in the skilled trades. And you know, Micah, a, I
can't do automotive work. Automotive work and it can't necessarily
fix the house or be a plumber, necessarily like that.
So these are durable jobs of which there's growing demand,
and you know, I think that's a bullish thing about
the economy. You know, even amid uncertainty over cariffs and trade,
(10:38):
you still got Americans want into go. I guess they're
pretty unsexy jobs, but important parts of our economy, and
we salute every one of Americans trades people, men, women,
old and young,
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