July 3, 2025 • 9 mins
Jonathan Hoenig of CapitalistPig.com has the latest national business news including Chuck E. Cheese is not just for kids anymore!
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Ten minutes after eight o'clock on the Legacy Retirement Group
dot com phone line. He is our Capitalist Pig, Jonathan Honig.
You can find him Capitalist Pig dot com. Jonathan. The
S and P five hundred and NASDAC both with new
fresh records yesterday. This is on the heels of the
Vietnam trade deal.
Speaker 2 (00:16):
Right, Yeah, great to do if you, Mike. Happy fourth
to our audience said, look, if the if the big
beautiful bill is bad, the market doesn't seem to be
bothered by it, as you said, all time highs for
the S and P five hundred for the NASDACK on
the heels of a trade deal that the President announced. Now,
there was some concerning news yesterday and it wasn't to
(00:36):
do with trade or even tariffs. For jobs. In fact,
again a number out from adp US private employers actually
cunt thirty three thousand jobs in June. That's a sign
of the slowing labor market. And you know, Mike, they
had expected about one hundred thousand new jobs to be added,
So a pretty big surprise, you know, in terms of
(00:59):
the you know, the job's number and basically hiring in general.
I mean the new data from the Bureau of Labor
Statistics showed that there was about seven point seven new
jobs open at the end of May, and that's up.
That's up from about seven point three from the month prior.
So stock market could but some worrisome signs that maybe
the job market is finally starting to slow.
Speaker 3 (01:20):
And these are non government jobs.
Speaker 1 (01:22):
This has nothing to do with any of the DOGE cuts,
right exactly.
Speaker 2 (01:27):
This is a private market. But hiring started to slow.
And you know that has been one of the strong
parts of the economy for quite some time. Even as
inflation a bit and really hit Americans, we saw a strong,
strong job market. So jobs are falling. But the good
news is so as gas prices. If you're driving anywhere
this holiday fourth, you're going to be driving for some
of the lowest gas prices like we've seen in year
(01:49):
in years. The average gallon of gas now is about
three dollars seventeen cents per triple A. That is the
lowest since twenty twenty one.
Speaker 3 (01:57):
That's crazy. I saw. I saw two ninety one in
Columbus was the lowest. I saw. There's a station right.
Speaker 1 (02:03):
Down from the radio station here with two ninety one.
That's anything anytime you're under three dollars a gallon, Jonathan,
it's a good thing.
Speaker 2 (02:11):
Well, and it's down about ten thirty three cents per
last year. And I got to tell you, Mike with
somebody on the WTD and Twitter feed right back right
to me back this morning and said, non in California.
You know, California still paying over four dollars and thirty
cents wow gallon for gas. So of course it has
so much to do with taxes and local regulations, but
(02:32):
that's a good sign. And you know, if you're an
Amazon Prime member, they're always looking for ways to kind
of you know, keep you on Prime. And they're actually
offering an additional dollar off the cost of each gallon
of gas, up the thirty five gallons over the holiday
weekend from mud July third to the sixth. So great
to see competition still for people's dollars and gas prices,
which at some point we were talking about over five
(02:53):
dollars a gallon, as you said, under three in many
parts of the country.
Speaker 1 (02:57):
Now, yeah, it's a good thing, especially on the fourth
to lie and a lot of people hitting the road
this weekend, so you're gonna save a couple of bucks
as you fill up the gas tank. Speaking with Jonathan
Hoonic Capitalist Pig dot Com and see, the immigration has
been a top story this year with all the immigration
and ice crackdowns, and it's hurting beer sales.
Speaker 3 (03:15):
Yeah.
Speaker 2 (03:15):
In fact, it's hurting the sales of the most popular
beer in the country, which is not bud Light Mike,
but Modello. Modella and Corona owners Constellation Brands. They had
their conference call the other day and they're warning basically
about the impact of the immigration crackdown on the beer business,
basically saying that on occasions where beer is consumed like parties,
(03:37):
people are drinking less, they're not going out to eat
as much as they won't have and they're having less
parties lets get togethers than they had. The Hispanic consumer,
according to the CEO, is about half their business. Wow.
So seeing the effects of the immigration crackdown not just
just in sales mic, but in terms of how people
actually live their lives. And Modello the number one selling
(03:57):
beer at least for now in the country.
Speaker 3 (03:59):
Yeah, that goes well with tacos. There's no question.
Speaker 1 (04:02):
Modello, Corona and a little bit of line there absolutely delicious.
Jonathan I had this story earlier this week, and it's
kind of good to see and refreshing that waffle House
has dropped their fifty cent per egg surcharge.
Speaker 3 (04:16):
Yeah.
Speaker 2 (04:16):
I mean remember when eggs were up, you know, to
double and triple the cost. A lot of that had
to do with that bird influenza, which prompted a lot
of the the flock to the hauled as you will.
But they are dropping it. Basically, they're announcing it as
excellent news. It is officially off the menu. And you know, Mike,
we've talked about this over the last six months. You know,
(04:38):
certainly in prices are down, inflation is slowing, but it's
still often it's still above the fence targets. So anytime
an Americans can get a break on breakfast, especially, they're
going to take it. And that's good news to see
that waffle House is dropping that fifty eggs sent search charge. However,
I have to see my kids have to say, if
you ever go out these days and eat at any
(04:58):
even moderately fine dining rest you often find a restaurant
still adding a surcharge. They call it a police surcharge,
a healthcare surcharge. But oftentimes when you go out to
eat these days, you see it extra two or three
percent on the bill, So prices are still not coming
down as much as we we'd.
Speaker 3 (05:14):
Like to see them.
Speaker 1 (05:15):
Yeah, and a lot of times you'll have you know,
these restaurants, they'll put this, you know, we'll call it
a temporary surcharge, which ends up being anything but temporary.
They'll they go, you know what, we probably could lower
the price on this, but people have been coming in
and paying it, so we'll just leave.
Speaker 3 (05:31):
It on there.
Speaker 1 (05:31):
So credit to waffle House are actually going backwards on that.
It's always a good thing to see the American dream,
which I'm not sure what that is anymore. If that's
you know, buying a house, having two point five kids
and a couple of cars, if that's still the American dream.
But some new survey says that the American dream is
slipping away from younger people these days.
Speaker 2 (05:51):
I like that you make that point. You know, it's
about your American dream, Mike, not the America. Pursuing your
own values in your own life in this great country.
But for a lot of people that doesn't flue buying
a home, and that is getting more and more and
more expensive. This really is I don't want to use
the term crisis, but it's really getting to be off
the trust. For most Americans, as have made the typical
(06:12):
US household, would have to spend about forty four percent
of their income to afford a medium price home that
is way above what they recommend, which is about thirty percent.
So homes are still extraordinarily expensive. Mike, interest rates not
coming down that fast, So you know, the answer for
most economists is simply to build more affordable homes. So
on a great rush to build more and create more.
(06:34):
Let's have some more homes build and see the home
prices finally come down so people can afford a.
Speaker 1 (06:39):
Nice place to live. Yeah, certainly inventory has been a problem,
and we'll see what happens in the next six months
to a year on that one. Caitlin Clark is the
face of the WNBA, and she is she's just doing
very well. She's got a new shoe deal and those
shoes have sold out within minutes.
Speaker 3 (06:55):
What's the story here?
Speaker 2 (06:56):
Thirteen thousand pairs gone, I mean almost immediately. It's pretty amazing.
She's obviously an amazing star star and those shoes. That
shoe dropped on Monday at one hundred and ninety dollars
a pop, all sold out, all gone. Now they're going
on secondary markets like for over three hundred and fifty dollars.
So you know the way you and I used to
(07:16):
scalp concert tickets are tickets to the ballgame. Now we're
seeing these shoes. They're called the Kobe five Protope, apparently
in honoring Kobe Bryant as well. Basically it's all decked
out in Clark's Indiana Fever colors and some of these
are even going for upwards of six hundred dollars on eBay.
(07:38):
So very very popular Kaitlin Clark. And it has to
say from a business perspective, the attention she has brought
to the WNBA has changed the game writ large, so
lots of positive things at the WNBA. Kaitlin Clark's been
a big part of that.
Speaker 1 (07:51):
Is that a capitalist pig dot com investment strategy, Jonathan
buy up some Kaitlyn Clark's shoes, sit on them for
a while, then resell them here in about a year.
Speaker 2 (07:58):
Well, they always say, you know, my buy what you know?
This was Peter Lynch's famous advice from twenty to thirty
years ago, and a lot of sports fans saw this
young lady coming up and changing the game before any
of us in the news business did. For sure.
Speaker 1 (08:11):
So when's the last time, if ever, you've been to
a Chuck E Cheese. You don't seem like a Chuck
E Cheese guy to me, John deanjone capitalist pig.
Speaker 2 (08:18):
But I was at a Chuck E Cheese when I
was about seven or eight years old. Although I think
they might have called it showbiz pizza back pizza, they're
really making a push for us adults. Mic In fact,
to Chuck E Cheese is opening an arcade for adults.
They're calling it Chuck's Arcade, basically describing it as a
modern day love letter to the people who grew up
(08:40):
and made Chuck E Cheese great. So it's not so
dissimilar to the kittie version, Mike, there gonna have a
mix of nostalgic games, probably gonna have a bar as well,
and they've already opened up ten of these as it
is in Saint Petersburg, Pulsa El Paso in Saint Louis,
so basically trying to play a little bit on the
nostalgia but also giving people a reason to get to
get a new way to interact, perhaps that goes beyond
(09:02):
just simply a traditional bar model. So Chuck E Cheese
expanding their business, opening arcades for adults, not just for
kids anymore
Ten minutes after eight o'clock on the Legacy Retirement Group
dot com phone line. He is our Capitalist Pig, Jonathan Honig.
You can find him Capitalist Pig dot com. Jonathan. The
S and P five hundred and NASDAC both with new
fresh records yesterday. This is on the heels of the
Vietnam trade deal.
Speaker 2 (00:16):
Right, Yeah, great to do if you, Mike. Happy fourth
to our audience said, look, if the if the big
beautiful bill is bad, the market doesn't seem to be
bothered by it, as you said, all time highs for
the S and P five hundred for the NASDACK on
the heels of a trade deal that the President announced. Now,
there was some concerning news yesterday and it wasn't to
(00:36):
do with trade or even tariffs. For jobs. In fact,
again a number out from adp US private employers actually
cunt thirty three thousand jobs in June. That's a sign
of the slowing labor market. And you know, Mike, they
had expected about one hundred thousand new jobs to be added,
So a pretty big surprise, you know, in terms of
(00:59):
the you know, the job's number and basically hiring in general.
I mean the new data from the Bureau of Labor
Statistics showed that there was about seven point seven new
jobs open at the end of May, and that's up.
That's up from about seven point three from the month prior.
So stock market could but some worrisome signs that maybe
the job market is finally starting to slow.
Speaker 3 (01:20):
And these are non government jobs.
Speaker 1 (01:22):
This has nothing to do with any of the DOGE cuts,
right exactly.
Speaker 2 (01:27):
This is a private market. But hiring started to slow.
And you know that has been one of the strong
parts of the economy for quite some time. Even as
inflation a bit and really hit Americans, we saw a strong,
strong job market. So jobs are falling. But the good
news is so as gas prices. If you're driving anywhere
this holiday fourth, you're going to be driving for some
of the lowest gas prices like we've seen in year
(01:49):
in years. The average gallon of gas now is about
three dollars seventeen cents per triple A. That is the
lowest since twenty twenty one.
Speaker 3 (01:57):
That's crazy. I saw. I saw two ninety one in
Columbus was the lowest. I saw. There's a station right.
Speaker 1 (02:03):
Down from the radio station here with two ninety one.
That's anything anytime you're under three dollars a gallon, Jonathan,
it's a good thing.
Speaker 2 (02:11):
Well, and it's down about ten thirty three cents per
last year. And I got to tell you, Mike with
somebody on the WTD and Twitter feed right back right
to me back this morning and said, non in California.
You know, California still paying over four dollars and thirty
cents wow gallon for gas. So of course it has
so much to do with taxes and local regulations, but
(02:32):
that's a good sign. And you know, if you're an
Amazon Prime member, they're always looking for ways to kind
of you know, keep you on Prime. And they're actually
offering an additional dollar off the cost of each gallon
of gas, up the thirty five gallons over the holiday
weekend from mud July third to the sixth. So great
to see competition still for people's dollars and gas prices,
which at some point we were talking about over five
(02:53):
dollars a gallon, as you said, under three in many
parts of the country.
Speaker 1 (02:57):
Now, yeah, it's a good thing, especially on the fourth
to lie and a lot of people hitting the road
this weekend, so you're gonna save a couple of bucks
as you fill up the gas tank. Speaking with Jonathan
Hoonic Capitalist Pig dot Com and see, the immigration has
been a top story this year with all the immigration
and ice crackdowns, and it's hurting beer sales.
Speaker 3 (03:15):
Yeah.
Speaker 2 (03:15):
In fact, it's hurting the sales of the most popular
beer in the country, which is not bud Light Mike,
but Modello. Modella and Corona owners Constellation Brands. They had
their conference call the other day and they're warning basically
about the impact of the immigration crackdown on the beer business,
basically saying that on occasions where beer is consumed like parties,
(03:37):
people are drinking less, they're not going out to eat
as much as they won't have and they're having less
parties lets get togethers than they had. The Hispanic consumer,
according to the CEO, is about half their business. Wow.
So seeing the effects of the immigration crackdown not just
just in sales mic, but in terms of how people
actually live their lives. And Modello the number one selling
(03:57):
beer at least for now in the country.
Speaker 3 (03:59):
Yeah, that goes well with tacos. There's no question.
Speaker 1 (04:02):
Modello, Corona and a little bit of line there absolutely delicious.
Jonathan I had this story earlier this week, and it's
kind of good to see and refreshing that waffle House
has dropped their fifty cent per egg surcharge.
Speaker 3 (04:16):
Yeah.
Speaker 2 (04:16):
I mean remember when eggs were up, you know, to
double and triple the cost. A lot of that had
to do with that bird influenza, which prompted a lot
of the the flock to the hauled as you will.
But they are dropping it. Basically, they're announcing it as
excellent news. It is officially off the menu. And you know, Mike,
we've talked about this over the last six months. You know,
(04:38):
certainly in prices are down, inflation is slowing, but it's
still often it's still above the fence targets. So anytime
an Americans can get a break on breakfast, especially, they're
going to take it. And that's good news to see
that waffle House is dropping that fifty eggs sent search charge. However,
I have to see my kids have to say, if
you ever go out these days and eat at any
(04:58):
even moderately fine dining rest you often find a restaurant
still adding a surcharge. They call it a police surcharge,
a healthcare surcharge. But oftentimes when you go out to
eat these days, you see it extra two or three
percent on the bill, So prices are still not coming
down as much as we we'd.
Speaker 3 (05:14):
Like to see them.
Speaker 1 (05:15):
Yeah, and a lot of times you'll have you know,
these restaurants, they'll put this, you know, we'll call it
a temporary surcharge, which ends up being anything but temporary.
They'll they go, you know what, we probably could lower
the price on this, but people have been coming in
and paying it, so we'll just leave.
Speaker 3 (05:31):
It on there.
Speaker 1 (05:31):
So credit to waffle House are actually going backwards on that.
It's always a good thing to see the American dream,
which I'm not sure what that is anymore. If that's
you know, buying a house, having two point five kids
and a couple of cars, if that's still the American dream.
But some new survey says that the American dream is
slipping away from younger people these days.
Speaker 2 (05:51):
I like that you make that point. You know, it's
about your American dream, Mike, not the America. Pursuing your
own values in your own life in this great country.
But for a lot of people that doesn't flue buying
a home, and that is getting more and more and
more expensive. This really is I don't want to use
the term crisis, but it's really getting to be off
the trust. For most Americans, as have made the typical
(06:12):
US household, would have to spend about forty four percent
of their income to afford a medium price home that
is way above what they recommend, which is about thirty percent.
So homes are still extraordinarily expensive. Mike, interest rates not
coming down that fast, So you know, the answer for
most economists is simply to build more affordable homes. So
on a great rush to build more and create more.
(06:34):
Let's have some more homes build and see the home
prices finally come down so people can afford a.
Speaker 1 (06:39):
Nice place to live. Yeah, certainly inventory has been a problem,
and we'll see what happens in the next six months
to a year on that one. Caitlin Clark is the
face of the WNBA, and she is she's just doing
very well. She's got a new shoe deal and those
shoes have sold out within minutes.
Speaker 3 (06:55):
What's the story here?
Speaker 2 (06:56):
Thirteen thousand pairs gone, I mean almost immediately. It's pretty amazing.
She's obviously an amazing star star and those shoes. That
shoe dropped on Monday at one hundred and ninety dollars
a pop, all sold out, all gone. Now they're going
on secondary markets like for over three hundred and fifty dollars.
So you know the way you and I used to
(07:16):
scalp concert tickets are tickets to the ballgame. Now we're
seeing these shoes. They're called the Kobe five Protope, apparently
in honoring Kobe Bryant as well. Basically it's all decked
out in Clark's Indiana Fever colors and some of these
are even going for upwards of six hundred dollars on eBay.
(07:38):
So very very popular Kaitlin Clark. And it has to
say from a business perspective, the attention she has brought
to the WNBA has changed the game writ large, so
lots of positive things at the WNBA. Kaitlin Clark's been
a big part of that.
Speaker 1 (07:51):
Is that a capitalist pig dot com investment strategy, Jonathan
buy up some Kaitlyn Clark's shoes, sit on them for
a while, then resell them here in about a year.
Speaker 2 (07:58):
Well, they always say, you know, my buy what you know?
This was Peter Lynch's famous advice from twenty to thirty
years ago, and a lot of sports fans saw this
young lady coming up and changing the game before any
of us in the news business did. For sure.
Speaker 1 (08:11):
So when's the last time, if ever, you've been to
a Chuck E Cheese. You don't seem like a Chuck
E Cheese guy to me, John deanjone capitalist pig.
Speaker 2 (08:18):
But I was at a Chuck E Cheese when I
was about seven or eight years old. Although I think
they might have called it showbiz pizza back pizza, they're
really making a push for us adults. Mic In fact,
to Chuck E Cheese is opening an arcade for adults.
They're calling it Chuck's Arcade, basically describing it as a
modern day love letter to the people who grew up
(08:40):
and made Chuck E Cheese great. So it's not so
dissimilar to the kittie version, Mike, there gonna have a
mix of nostalgic games, probably gonna have a bar as well,
and they've already opened up ten of these as it
is in Saint Petersburg, Pulsa El Paso in Saint Louis,
so basically trying to play a little bit on the
nostalgia but also giving people a reason to get to
get a new way to interact, perhaps that goes beyond
(09:02):
just simply a traditional bar model. So Chuck E Cheese
expanding their business, opening arcades for adults, not just for
kids anymore
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