August 7, 2025 • 10 mins
Jonathan Hoenig of CapitalistPig.com has the latest from Wall Street and all the latest National business news
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
If you are hoping that the Penn State Ohio State
game is going to be at night on November first,
I got bad news for you, Hits to pursch your bubble.
Speaker 2 (00:08):
It's probably not going to be.
Speaker 1 (00:09):
Nothing's been decided yet, but it is likely that will
be a noon kickoff on Fox. Just garbage, despite the
fact that it's going to be a blackout at the
Horseshoe and see to me a blackout sort of, the
impact is a little reduced in the middle of the day.
Speaker 3 (00:26):
No, it's going to look like a bull of burnt
popcorn from a distance, like when the Goodyear blimp goes
over top. You're going to see just a dark stadium,
a crater with little bits of red, you know, thrown
in there, and it's like, you know what I mean,
that looks like burnt popcorn kernels. But at night, look out,
it's just a different it's just a different look it is,
and it's intimidating it is, But during the day nobody cares.
Speaker 1 (00:50):
The problem is the contracts with the networks. Fox has
the first pick, they have the big contract, and I
don't have the full slate of college games before me
to know, but I can pretty much tell you without
seeing it that that's the Ohio State. Penn State is
going to be the game on November first, so they
will take that. They they have the noon slot, and
then it kind of goes. Everybody else gets the scraps, NBC, CBS,
(01:14):
Big ten network. CBS usually gets the three point thirty game,
NBC gets the night game, and there's not really much flexibility.
Speaker 3 (01:22):
We see the ratings go higher. I always thought at
night you're you're talking to By November first, there's a
real good possibility that that's a top five matchup. To
have it absolutely it's like all right, everybody's okay, moving on,
and there may be people that are like, I don't
really care what happened during the rest of the day.
Speaker 2 (01:40):
I know I won't. If something happens, they'll be like,
I don't care.
Speaker 1 (01:43):
Even if you don't have Penn State or Ohio State
fans dialed in because they're automatic, then you just have
casual college football fans wanting to watch two of the
best teams in the country. And if those fans have
all their plans during the day, maybe they don't care
and they go out and they've got their kids' soccer game.
Speaker 2 (02:03):
Or whatever.
Speaker 3 (02:04):
Especially on the West coast, it's a nine am.
Speaker 1 (02:06):
Kickoff, but at night everyone's kind of done for the day.
They've had dinner, they're settling in and they're in front
of the TV. That's why the super Bowl is played
at six thirty.
Speaker 2 (02:14):
Ready to roll, not at one o'clock. Exactly. Yeah, we
shall see you.
Speaker 1 (02:18):
Come on FUX and we got Gus Johnson and Joel
Klatt big fallon.
Speaker 2 (02:24):
That's all I wanted to hear.
Speaker 1 (02:26):
On the Legacy Retirement Group dot com phone line. We
talked to him every Thursday morning at about ten after eight,
It's Jonathan Honey, Capitalist Pig dot com. Jonathan, good morning,
see stock features up this morning after a pretty good
day yesterday.
Speaker 2 (02:39):
What's going on yesterday?
Speaker 4 (02:41):
Indeed, Mike, and it was just in good morning to
you and to our listeners. It was led by shares
of Apple. You know, Tim Cook met with President Trump
in the White House yesterday. He announced a one hundred
billion dollar investment in domestic manufacturing. They'd previously announced a
five hundred billion dollar investment. All that. Of course good
pr Appearing with the President pushed Apple up by almost
(03:02):
five percent, and that brought the mass back and the
markets written large. What's really interesting is how well Tim
Cook seems to be playing the game. Apple is actually
set to avoid a lot of the new tariffs that
President Trump has proposed, particularly on Indi India. Trump has
proposed a fifty percent told tariff on goods made the India. Well,
Apple makes a majority of its phones in India, and
(03:26):
they will not be affected, according to White House officials
in the article over a ya who Finance, they will
not be affected by the tariff. So Tim Cook good
at making smartphones, but also similarly very good at politics. Mike,
they avoid the fifty percent tariffs that will hit all
other importers from India.
Speaker 2 (03:43):
Well, you said it.
Speaker 1 (03:44):
It's all about playing the game the right way and
then trying to keep manufacturing here in this country. And
it sounds like that Apple is going to attempt to
do that anyway. And the other big tariff story, and
I don't want to get too deep into that. I
think people's eyes start to cross when you start getting
into the nitty gritty on tear tariffs.
Speaker 2 (04:00):
It is so wonky. But the big story is the
President wants.
Speaker 1 (04:03):
To charge tariffs of one hundred percent on semiconductor imports.
Speaker 4 (04:09):
Indeed, and that is pretty eye popping because that's a
level that basically makes most imports just impossible. And interestingly, Mike,
you know a lot of companies we think of as
being US manufacturers of semiconductors, like Nvidia, for example, are
not Ndidia designs microchips. It's actually made by TSMC out
of Taiwan. So President Trump making them pretty eye popping claims.
(04:32):
But I have to say, and this is not to
disparage the President, but the market has seemed to gotten
used to the President oftentimes making some very wild figures
a wild times about one hundred percent tariffs and then
maybe ending up more around ten or fifteen percent. So
definitely keeping us guessing, but keeping an eye on inflation
and of course all the macro fact effect factors affecting the.
Speaker 2 (04:54):
Market as well.
Speaker 1 (04:55):
Yeah, first and foremost, it's a negotiation tactic for him.
And you know, the semiconductor story hits us close in
Columbus very much, Jonathan, because of the Intel plant in
central Ohio that has been delayed and delayed and delayed.
They've got part of it built and the future is
extremely uncertain there and a lot of people speculating that
it will not be an Intel semiconductor plant by the
(05:16):
time that that facility gets finished, that it'll be somebody
like an Oracle or another outfit that comes in, buys
it and then makes chance makes a chips and semiconductors
here in central Ohio. So we'll have to wait several
years to see what's going to happen with that story.
Jonathan Hooni capitalistpig dot com. What's going on at Jaguar?
I see the CEO step down there?
Speaker 4 (05:36):
Yeah, I mean, do you remember that massive rebrand from
Jaguar from that kind of old English, fine automobile sportsman
type image into that very woke new rebrand, very multicultural
and multicolor that got all that attention. Well, the CEO
responsible for that is now stepping down. His name is
Adrian Mardell. He had been at the company for thirty
(05:59):
years and that a campaign might you know, they've been
called copy Nothing turned a lot aheads, but it was
disastrous for Jaguar sales, which plummeted like something like eighty
or ninety percent. So you know, this is what happens
in the real world. If you screw up, if you
mess up, if your strategy doesn't fail, if you're a
poor CEO, you get the act. So after thirty years,
(06:20):
the CEO stepping down Jaguar and just complete turmoil after
that disastrous rebrand.
Speaker 1 (06:26):
Well it's another victim of the go woke, go broke
type theory there. You saw what you saw with bud Light.
I think they haven't recovered fully from their ill advised
campaign a couple of years ago. Now this, and then
you know, we talked a little bit last week about
Sydney Sweeney and the jeans campaign. You know, American eagle
stock isn't it's fairly cheap, but it's been on the
(06:47):
rise since that campaign, and that's certainly not a woke campaign.
So yeah, we'll see if Jaguar can pick up the
pieces there. Student loan delinquency, those rates are the highest
in twenty one years, John, And why is that?
Speaker 2 (07:00):
What's going on?
Speaker 4 (07:01):
Well, because we're basically looking at student loans now and
factoring those into credit scores. You know that had been
basically put on more toorium during the pandemic era. Government
basically said look, we're not going to count missed student
loans against your credit score, but now they are and
loan and behold We've got a pretty eye popping number.
In the second quarter of this year, ten point two
(07:23):
percent of aggregate student loan debt was about ninety days
or more delinquent, so basically three months delinquent. That's the
highest level, as you said, in twenty one years. Kind
of emphasises this is something we've been talking about. Yes,
the market is up, Yes inflation is down, but many Americans,
even supposedly well to do, having trouble simply paying some
(07:44):
of those bills. So we're keeping an eye on, you know,
a delinquency in student loans and car loans and mortgage
debts and all the rest, even as the market continues
to struggle new highs.
Speaker 1 (07:53):
Jonathan, we've seen fast food struggle in recent months, you know,
number one, people trying to save a couple of bucks
and maybe cooking more at home. People also trying to
eat more healthy these days. But McDonald's they've been struggling
along with everybody else. They launched a massive marketing campaign
and it's working for them.
Speaker 4 (08:12):
Yeah, I mean, this is the story over at CNN.
You know, McDonald's have been kind of left behind. It
had two consecutive quarters of sinking sales. But they have
turned it all around basically in parts of this sponsorship
of association with a Minecraft movie. You know, I don't
have young kids, not so into the Minecraft thing, but
obviously this is very hot for young people, and McDonald's
(08:34):
has been all over it with you know, toys Team
for kids and even an adult meal all tied in
with the movie. So there's sales up about two and
a half percent for the quarter ending June thirtieth. So,
you know, McDonald's kind of proving that you've got to
switch the strategies off in time, try something new and
put some money behind it. So McDonald's sales up on
its association with the Minecraft movie.
Speaker 2 (08:56):
Yeah, good for them. And you said they try different things.
Speaker 1 (08:59):
I mean, you can't afraid to fail, because if you do,
you'll you'll try nothing. So they tried everything and they
finally found something that worked. And good for them. And
I see bed Baths and Beyond that they did. They
not file for chapter eleven. They're back either way, right.
Speaker 4 (09:14):
Yeah, I mean it was twenty twenty three when bed
Back Beyond went bankrupt, but they are back again. We
see this so often, right, don't any companies that go
bankruptc you know, they get rid of the debt, they
get new management, they get a new plan in place,
and that's exactly what happened. What's happening, what's so fascinating
is that they're opening a new store in Nashville, Tennessee,
on Friday. It is now called bed Bath and Beyond
(09:38):
at Home, and this is going to be a pretty
big this thing. It has a strategic partnership with Beyond
dot Com. What's interesting, Mike, is that they're going to
be honoring those old bed Baths Beyond coupons companies used
to send out. I mean, it's like every other day
you got a coupon for twenty percent off at bet Backtown.
So if you still have those coupons from four or
five years ago, they will be honoring the method new store.
Speaker 1 (10:00):
They used to clog up our junk drawer in the kitchen.
We'd have four or five of those sitting there, and
I don't know if we still have I gotta talk to.
Speaker 2 (10:06):
My wife about that. That's funny, all right.
Speaker 1 (10:08):
Jonathan Honig, And you are by the way you are
accepting clients, is that correct? People can contact you through
Capitalist Pig dot com Yact.
Speaker 4 (10:16):
You're right, Michael, I'm working with individuals for the first time,
so if somebody would like a free portfolio review, just
contact me. As you said at capitalistpig dot com.
If you are hoping that the Penn State Ohio State
game is going to be at night on November first,
I got bad news for you, Hits to pursch your bubble.
Speaker 2 (00:08):
It's probably not going to be.
Speaker 1 (00:09):
Nothing's been decided yet, but it is likely that will
be a noon kickoff on Fox. Just garbage, despite the
fact that it's going to be a blackout at the
Horseshoe and see to me a blackout sort of, the
impact is a little reduced in the middle of the day.
Speaker 3 (00:26):
No, it's going to look like a bull of burnt
popcorn from a distance, like when the Goodyear blimp goes
over top. You're going to see just a dark stadium,
a crater with little bits of red, you know, thrown
in there, and it's like, you know what I mean,
that looks like burnt popcorn kernels. But at night, look out,
it's just a different it's just a different look it is,
and it's intimidating it is, But during the day nobody cares.
Speaker 1 (00:50):
The problem is the contracts with the networks. Fox has
the first pick, they have the big contract, and I
don't have the full slate of college games before me
to know, but I can pretty much tell you without
seeing it that that's the Ohio State. Penn State is
going to be the game on November first, so they
will take that. They they have the noon slot, and
then it kind of goes. Everybody else gets the scraps, NBC, CBS,
(01:14):
Big ten network. CBS usually gets the three point thirty game,
NBC gets the night game, and there's not really much flexibility.
Speaker 3 (01:22):
We see the ratings go higher. I always thought at
night you're you're talking to By November first, there's a
real good possibility that that's a top five matchup. To
have it absolutely it's like all right, everybody's okay, moving on,
and there may be people that are like, I don't
really care what happened during the rest of the day.
Speaker 2 (01:40):
I know I won't. If something happens, they'll be like,
I don't care.
Speaker 1 (01:43):
Even if you don't have Penn State or Ohio State
fans dialed in because they're automatic, then you just have
casual college football fans wanting to watch two of the
best teams in the country. And if those fans have
all their plans during the day, maybe they don't care
and they go out and they've got their kids' soccer game.
Speaker 2 (02:03):
Or whatever.
Speaker 3 (02:04):
Especially on the West coast, it's a nine am.
Speaker 1 (02:06):
Kickoff, but at night everyone's kind of done for the day.
They've had dinner, they're settling in and they're in front
of the TV. That's why the super Bowl is played
at six thirty.
Speaker 2 (02:14):
Ready to roll, not at one o'clock. Exactly. Yeah, we
shall see you.
Speaker 1 (02:18):
Come on FUX and we got Gus Johnson and Joel
Klatt big fallon.
Speaker 2 (02:24):
That's all I wanted to hear.
Speaker 1 (02:26):
On the Legacy Retirement Group dot com phone line. We
talked to him every Thursday morning at about ten after eight,
It's Jonathan Honey, Capitalist Pig dot com. Jonathan, good morning,
see stock features up this morning after a pretty good
day yesterday.
Speaker 2 (02:39):
What's going on yesterday?
Speaker 4 (02:41):
Indeed, Mike, and it was just in good morning to
you and to our listeners. It was led by shares
of Apple. You know, Tim Cook met with President Trump
in the White House yesterday. He announced a one hundred
billion dollar investment in domestic manufacturing. They'd previously announced a
five hundred billion dollar investment. All that. Of course good
pr Appearing with the President pushed Apple up by almost
(03:02):
five percent, and that brought the mass back and the
markets written large. What's really interesting is how well Tim
Cook seems to be playing the game. Apple is actually
set to avoid a lot of the new tariffs that
President Trump has proposed, particularly on Indi India. Trump has
proposed a fifty percent told tariff on goods made the India. Well,
Apple makes a majority of its phones in India, and
(03:26):
they will not be affected, according to White House officials
in the article over a ya who Finance, they will
not be affected by the tariff. So Tim Cook good
at making smartphones, but also similarly very good at politics. Mike,
they avoid the fifty percent tariffs that will hit all
other importers from India.
Speaker 2 (03:43):
Well, you said it.
Speaker 1 (03:44):
It's all about playing the game the right way and
then trying to keep manufacturing here in this country. And
it sounds like that Apple is going to attempt to
do that anyway. And the other big tariff story, and
I don't want to get too deep into that. I
think people's eyes start to cross when you start getting
into the nitty gritty on tear tariffs.
Speaker 2 (04:00):
It is so wonky. But the big story is the
President wants.
Speaker 1 (04:03):
To charge tariffs of one hundred percent on semiconductor imports.
Speaker 4 (04:09):
Indeed, and that is pretty eye popping because that's a
level that basically makes most imports just impossible. And interestingly, Mike,
you know a lot of companies we think of as
being US manufacturers of semiconductors, like Nvidia, for example, are
not Ndidia designs microchips. It's actually made by TSMC out
of Taiwan. So President Trump making them pretty eye popping claims.
(04:32):
But I have to say, and this is not to
disparage the President, but the market has seemed to gotten
used to the President oftentimes making some very wild figures
a wild times about one hundred percent tariffs and then
maybe ending up more around ten or fifteen percent. So
definitely keeping us guessing, but keeping an eye on inflation
and of course all the macro fact effect factors affecting the.
Speaker 2 (04:54):
Market as well.
Speaker 1 (04:55):
Yeah, first and foremost, it's a negotiation tactic for him.
And you know, the semiconductor story hits us close in
Columbus very much, Jonathan, because of the Intel plant in
central Ohio that has been delayed and delayed and delayed.
They've got part of it built and the future is
extremely uncertain there and a lot of people speculating that
it will not be an Intel semiconductor plant by the
(05:16):
time that that facility gets finished, that it'll be somebody
like an Oracle or another outfit that comes in, buys
it and then makes chance makes a chips and semiconductors
here in central Ohio. So we'll have to wait several
years to see what's going to happen with that story.
Jonathan Hooni capitalistpig dot com. What's going on at Jaguar?
I see the CEO step down there?
Speaker 4 (05:36):
Yeah, I mean, do you remember that massive rebrand from
Jaguar from that kind of old English, fine automobile sportsman
type image into that very woke new rebrand, very multicultural
and multicolor that got all that attention. Well, the CEO
responsible for that is now stepping down. His name is
Adrian Mardell. He had been at the company for thirty
(05:59):
years and that a campaign might you know, they've been
called copy Nothing turned a lot aheads, but it was
disastrous for Jaguar sales, which plummeted like something like eighty
or ninety percent. So you know, this is what happens
in the real world. If you screw up, if you
mess up, if your strategy doesn't fail, if you're a
poor CEO, you get the act. So after thirty years,
(06:20):
the CEO stepping down Jaguar and just complete turmoil after
that disastrous rebrand.
Speaker 1 (06:26):
Well it's another victim of the go woke, go broke
type theory there. You saw what you saw with bud Light.
I think they haven't recovered fully from their ill advised
campaign a couple of years ago. Now this, and then
you know, we talked a little bit last week about
Sydney Sweeney and the jeans campaign. You know, American eagle
stock isn't it's fairly cheap, but it's been on the
(06:47):
rise since that campaign, and that's certainly not a woke campaign.
So yeah, we'll see if Jaguar can pick up the
pieces there. Student loan delinquency, those rates are the highest
in twenty one years, John, And why is that?
Speaker 2 (07:00):
What's going on?
Speaker 4 (07:01):
Well, because we're basically looking at student loans now and
factoring those into credit scores. You know that had been
basically put on more toorium during the pandemic era. Government
basically said look, we're not going to count missed student
loans against your credit score, but now they are and
loan and behold We've got a pretty eye popping number.
In the second quarter of this year, ten point two
(07:23):
percent of aggregate student loan debt was about ninety days
or more delinquent, so basically three months delinquent. That's the
highest level, as you said, in twenty one years. Kind
of emphasises this is something we've been talking about. Yes,
the market is up, Yes inflation is down, but many Americans,
even supposedly well to do, having trouble simply paying some
(07:44):
of those bills. So we're keeping an eye on, you know,
a delinquency in student loans and car loans and mortgage
debts and all the rest, even as the market continues
to struggle new highs.
Speaker 1 (07:53):
Jonathan, we've seen fast food struggle in recent months, you know,
number one, people trying to save a couple of bucks
and maybe cooking more at home. People also trying to
eat more healthy these days. But McDonald's they've been struggling
along with everybody else. They launched a massive marketing campaign
and it's working for them.
Speaker 4 (08:12):
Yeah, I mean, this is the story over at CNN.
You know, McDonald's have been kind of left behind. It
had two consecutive quarters of sinking sales. But they have
turned it all around basically in parts of this sponsorship
of association with a Minecraft movie. You know, I don't
have young kids, not so into the Minecraft thing, but
obviously this is very hot for young people, and McDonald's
(08:34):
has been all over it with you know, toys Team
for kids and even an adult meal all tied in
with the movie. So there's sales up about two and
a half percent for the quarter ending June thirtieth. So,
you know, McDonald's kind of proving that you've got to
switch the strategies off in time, try something new and
put some money behind it. So McDonald's sales up on
its association with the Minecraft movie.
Speaker 2 (08:56):
Yeah, good for them. And you said they try different things.
Speaker 1 (08:59):
I mean, you can't afraid to fail, because if you do,
you'll you'll try nothing. So they tried everything and they
finally found something that worked. And good for them. And
I see bed Baths and Beyond that they did. They
not file for chapter eleven. They're back either way, right.
Speaker 4 (09:14):
Yeah, I mean it was twenty twenty three when bed
Back Beyond went bankrupt, but they are back again. We
see this so often, right, don't any companies that go
bankruptc you know, they get rid of the debt, they
get new management, they get a new plan in place,
and that's exactly what happened. What's happening, what's so fascinating
is that they're opening a new store in Nashville, Tennessee,
on Friday. It is now called bed Bath and Beyond
(09:38):
at Home, and this is going to be a pretty
big this thing. It has a strategic partnership with Beyond
dot Com. What's interesting, Mike, is that they're going to
be honoring those old bed Baths Beyond coupons companies used
to send out. I mean, it's like every other day
you got a coupon for twenty percent off at bet Backtown.
So if you still have those coupons from four or
five years ago, they will be honoring the method new store.
Speaker 1 (10:00):
They used to clog up our junk drawer in the kitchen.
We'd have four or five of those sitting there, and
I don't know if we still have I gotta talk to.
Speaker 2 (10:06):
My wife about that. That's funny, all right.
Speaker 1 (10:08):
Jonathan Honig, And you are by the way you are
accepting clients, is that correct? People can contact you through
Capitalist Pig dot com Yact.
Speaker 4 (10:16):
You're right, Michael, I'm working with individuals for the first time,
so if somebody would like a free portfolio review, just
contact me. As you said at capitalistpig dot com.
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