November 26, 2025 • 39 mins
Chuck Zodda and Paul Lane discuss Thanksgiving travel set to bring a big test for airlines. What happened to all the great Black Friday deals? Sellers are taking their homes off the market at the fastest pace in nearly a decade. Looming US power crunch to impair AI abilities, Schneider says. Peloton’s New AI-powered bikes and treadmills get off to slow start.
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Speaker 1 (00:00):
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(00:21):
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(00:43):
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(01:06):
and Paul.
Speaker 2 (01:07):
Lane, Chuck, Paul, and Tucker with you here the day
before Thanksgiving. Hope all your travel is going smoothly at
the moment. I haven't looked at a weather map to
see if there are major problems cascading across the country,
but I haven't heard anything at least. But let's pull
(01:28):
this up here. Let's see. Okay, it looks like it's
snowing in Wisconsin, but it looks like it's mostly northern
Wisconsin and maybe the upper Peninsula of Michigan. So I
don't think that's a huge problem based on the populations
up there. And then let's see, it looks like down
by Corpus Christi, Texas, we got some rain, but other
(01:50):
than that, it looks pretty clear. So I think we'll
take that. Paul. As far as day before Thanksgiving travel.
Speaker 3 (01:56):
Absolutely we'll take that.
Speaker 2 (01:58):
Okay, Okay. If you're interested in how markets are performing
the day before Thanksgiving, the answer is good to quite good.
The S and P five hundred is up fifty points,
the Dow Jones Industrial average up three hundred and thirty two,
and the NASDAK composits of one hundred ninety four, So
all three major indices up about three quarters of a percent.
(02:19):
It's kind of fun. The tenure treasury up one point
five basis points to four point h one to seven percent,
Gold is up twenty one forty and ounce to forty
one sixty one and forty cents, and we got crude
oil up one cent a barrel to fifty seven to
ninety six triple a national average. Gas prices down another
one point three cents over night, though, to three oh
(02:40):
four and two tenths And gotta tell you, we're gonna
make a real run at getting that national average under
three dollars a gallon by this weekend, as more refinery
closures or more refinery maintenance periods have ended, and we
should be getting some additional supply coming through. So some
good news on that front. If you happen to be
traveling by car, by motorcycle, or by uh well, anything
(03:07):
else that uses gas to get you where you're going,
and you're paying for that gas, sure, yeah sounds good.
Speaking of travel, we've got a bunch of people that
are going to be traveling during the Thanksgiving period. US
airlines expecting to see thirty one million passengers taking to
(03:29):
the skies between November twenty one, so five days ago
and December first, five days from now. That is the
busiest Thanksgiving travel period on record. And this is coming
right out of you know, the government shutdown which saw
air travel, you know, kind of snarl throughout parts of
the country. We're still not fully back up to speed,
so we've got some challenges that may rear them their
(03:51):
heads during this time. But again, airlines trying to get
all thirty one million of those people to their destinations
as close as possible to the on time arrival that
they're aiming for.
Speaker 3 (04:05):
Little bone to pick here, chuck with Transportation Secretary Sean Duffy.
He's encouraging travelers to dress up, to go to the airport,
help a stranger out, and be in a good mood.
I'm fine with the last two. First one, Who is
he to tell anyone to dress up or not. I'm
more of a casual traveler. Quote me on that, Yes,
thank you.
Speaker 2 (04:26):
Let me. Let's let's let's discuss, uh, you know, air
travel etiquette. Yes, I think there are some stews and
do nots. Shoes on shoes on number one, you shoes,
your shoes do not come off during the flight unless
you want me to tickle them. Okay, you take your
shoes off. You take your shoes off next to me,
(04:48):
I am going to tickle your feet and make you
feel as uncomfortable as possible because those shoes need to
stay on at all times on a flight with you there,
absolutely hard hard stop other things. I think that when
it comes to, you know, how people dress for flights, honestly,
(05:08):
as long as it's something that like should generally be
worn in public, I'm pretty much fine with it. Like
I I look at how you know, dress has generally
evolved over time, and there's nothing to say we need
to be dressed, you know, like people flying in the
nineteen fifties where you're flying in like a suit and tie,
like I. You know, dress codes evolve and change and shift,
(05:30):
and there's no inherent problem with that. I do think, like, look,
if you're showing up to the airport and like your pajamas,
I think you're just kind of worthy of being like
made fun of in general, because you shouldn't be outside
your house in pajamas anyways, whether it's going to the airport,
the grocery store, anywhere else, right with you there, with
you there, except in like certain special you know cases
(05:50):
where it's like okay, like if it's Christmas morning and
you need to like run out to get one last thing, fine,
I get it. Like go out in your pajamas because
you just don't want to change for Christmas morning. I
get it. But otherwise, like no, like.
Speaker 4 (06:02):
It doesn't impact the travel industry.
Speaker 2 (06:04):
Wear clothes that are appropriate for going outside the house
and you'll be fine. Shoes on is the big one.
Other things, if.
Speaker 3 (06:11):
You're a window sea person, you know, try not to
get up too much during the flight, Just try and
limit your amount of times getting all that's my bladder, buddy,
Try to limit it, Tucker, try and hold it.
Speaker 2 (06:22):
Other things, remember that airlines always do try to divide
us so that we fight amongst ourselves for you know,
the scraps of whatever we can grab. I do think
like being nice to each other when you're traveling because
everyone's a little bit stressed and just trying to get
to you know, their destination in one you know, without
you know, any major problems. Yeah like that, I totally
buy that. But as far as like what should you
(06:43):
wear to the airport, shoes at all times, nothing that
you wouldn't wear outside the house. Other than that, you're
kind of on your own in my opinion.
Speaker 3 (06:50):
And no reason to jump up when the plane lands
unless you have a connected flat to run to the front,
because we're all gonna get off.
Speaker 4 (06:58):
That's my biggest pet pet beef going right, Like in life,
there's the lands and everybody stands and is getting all
their stuff ready, where clearly the plane has to get
you know, situated and unpacked. Just relax so you see.
Speaker 2 (07:13):
Well, it's like look at most airports anyways. Okay, So
then you're gonna get off the plane, You're gonna have
to go to the bathroom where you're gonna have to
wait anyways. Then you're gonna have to get on whatever
the shuttle is to you know, the main terminal where
you're gonna have to wait anyways. Then you're gonna have
to wait to go get your rental car. Then you're
gonna have to weigh the you know, toll going out
of the rental car lot. So it's like, look, just
(07:34):
just get ready for the waiting man. Just you embrace
the weight. Here's the thing. Uh, if you met your
great great grandfather who you know died in nineteen ten,
and showed him you know the things that you're upset
about when it comes to air travel. He'd be like, dude,
we had to go by covered wagon to get across
(07:56):
the country.
Speaker 3 (07:57):
By day, the Right brothers were just making inroads on
flying in nineteen six.
Speaker 2 (08:01):
Be on this, okay, y'all know Dwight Eisenhower President, right, yes,
sign the Federal Highway Act. Dwight Eisenhower was part of
an expedition back in the nineteen I think it was twenties,
maybe early thirties that tried to you know, get from
one side of the country to the other, driving as
fast as possible on roads. It was it was an
army expedition to figure out how quickly they could get
(08:23):
stuff from one side of the country to the other.
It took sixty two days for them to do it.
Speaker 3 (08:28):
Wow.
Speaker 2 (08:30):
So even Dwight Eisenhower, who again like saw a whole
bunch of planes, flew on a whole bunch of planes
in his lifetime, would probably be like, yeah, guys, you
don't need to like make up the extra minute trying
to be Usain Bolt getting off the plane. You're gonna
get there just fine. The Turkey will be okay.
Speaker 4 (08:52):
Well said, what where do you stand on the reclined seat.
Speaker 2 (08:56):
I think everyone should reclimb, but I'm a little dude.
Speaker 3 (08:58):
So.
Speaker 4 (09:00):
In the chair was made to recline, therefore you should
be able to recline.
Speaker 3 (09:05):
I just still know about going all the way back though.
Speaker 2 (09:08):
What probably is the only way back, cause like he,
I guess here's where I I for the screen.
Speaker 3 (09:12):
For the person behind.
Speaker 2 (09:13):
Them, so then don't make them recline. So it's my
responsibility to make sure that the person behind me can
watch Dutopia as as easily as possible.
Speaker 3 (09:23):
There's this cascading effect where the last row of the plane,
if everyone went by that premise and everyone had to recline,
would be in trouble.
Speaker 2 (09:29):
That's why you don't book the last row of the
plane fair you know, it's you don't book that, and
you don't book the exit row if you don't. If
you don't want to recline, like it's you know, do
you avoid those three rows and you'll be perfectly fine.
So yeah, I'm I'm pro reclining. I am very much.
The person in the center seat gets both armrests because
(09:51):
they're in the center seat, absolutely, and the people in
the island window you get the one armrest on the
outside each.
Speaker 3 (09:56):
What's the preference window or aisle. I'm a window guy.
Speaker 4 (09:59):
Anisle guy because so much wind.
Speaker 3 (10:01):
Window guy because I'm mechanical.
Speaker 2 (10:03):
I can hold it. Yeah, a large bladder, and I
like to fall asleep, so I'm not trouble for you.
Speaker 3 (10:09):
Lean on the window.
Speaker 2 (10:09):
Yep, that's where where I live. At this point, I'm
trying to think of other items aside from the shoes. Oh,
don't be on your bluetooth making phone calls. Oh sure, yeah,
Like the whole plane does not want to hear what
you're doing.
Speaker 4 (10:27):
Anyways, because you're supposed to shut it off.
Speaker 2 (10:30):
There are people who do. There are people who do,
so we we don't need that. Other things. Do not
listen to the speakers on your tablet or computer. Get headphones. Yes,
we don't need to hear you know.
Speaker 4 (10:45):
I don't think i've ever come across that.
Speaker 2 (10:47):
I've seen it a few times. Other things. If someone's
traveling with a child, don't give them any crap about
their kid being noisier, crying like it's just you know,
it's it's how it's going to be. And they are
far more freaked out about their kid than you are.
The counter to this is if a parent is not
(11:09):
saying anything to their kid who is kicking your seat, yes,
you should probably then say something to the parent about, hey,
could you please stop your child from kicking my seat? Definitely,
I think that's totally fine. Let's take a quick break
here and when we return, we've got trivia, and then
let's talk about whether or not Black Friday deals look
lame this year.
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for tripa here on the Financial Exchange in on Monday.
Earlier this week, CBS aired the Everybody Loves Raymond tretieth
(13:00):
anniversary special. One major surprise we learned from the special
was that Peter Boyle was great friends with the legendary musician,
so much so that said musician was Peter Boyle's best
man at his nineteen seventy seven wedding. So our trivia
question today, who was Peter Boyle's best man at his
(13:20):
nineteen seventy seven wedding? Once again, who was Peter Boyle's
best man at his nineteen seventy seven wedding? Be the
third person today to text us to six one seven
three six two thirteen eighty five with the correct answer
along with the keyword trivia, and you'll win a Financial
Exchange Show T shirt. Once again, the third correct response
(13:42):
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six two thirteen eighty five along with the keyword trivia
will be our winner. See complete contest rules at Financial
Exchange Show dot com.
Speaker 2 (13:55):
Peas in Bloomberg Black Friday deals looking lame? Just wait,
what does this piece talk about? Paul Chuck.
Speaker 3 (14:03):
Basically, what this is going over is that retailers are
trying to rein in their discounting, perhaps some of it
due to tariffs. A lot of this stuff was ordered
kind of right at the height of all the tariff paranoria,
which hasn't really come to fruition luckily as much as
had we had anticipated in April. Rates have been far
(14:24):
less punitive than initially estimated. But when these orders were
being placed for Black Friday was in and around April
where it was very unclear what the tariff policy would
look like going forward. So, particularly when you look at toys, electronics,
and household appliances, those are often imported from overseas. According
to Adobe, Inc. Online discounts are likely to be shallower
(14:47):
this year in those categories. As a whole, we're seeing
that perhaps there's going to be more of a focus
on just the basics and less spending on some of
those scrushing items for the holidays, and not a lot
of discounts to be found out there.
Speaker 2 (15:04):
How are you guys doing with holiday shopping at this point?
Speaker 3 (15:07):
We're in good sheep.
Speaker 4 (15:08):
Yeah, we kind of got a good chunk done a
week or so ago, but we still got to finish
it out. I know you were done in like May
or something, right.
Speaker 2 (15:16):
I try to generally operate four to six months in advance. Yeah, yeah,
I wasn't done quite that early this year, just because
I had a few things that I was poking around on.
But yeah, we're too.
Speaker 4 (15:31):
Busy with the Christmas lights in May.
Speaker 2 (15:33):
Yeah too. So honestly, Christmas lights have been up at
the house for three weeks now.
Speaker 3 (15:37):
Three weeks wow wow?
Speaker 2 (15:40):
Yeah, we got them November fifth, it'll be three weeks
this weekend. We got them up the weekend of the eighth. Okay, Now,
granted we had this this friends giving that we did
last weekend. That was a. It was a nineteen eighties
Italian Christmas theme that we did just because we didn't
want to have turkey twice. We didn't want to have
turkey twice. But honestly, like, here's the thing. We talked about,
(16:01):
my wife and I and we decided, Look, we're gonna
kind of do this every year because a like, I'm
a big believer that Thanksgiving doesn't need to have like
its own decor, Like it's late enough in the fall
that like you don't need all these leaves and things
and whatever. Right and true, Look, we got the stuff
done three weeks ago. Now we get to actually keep
(16:21):
it up for a couple months and enjoy it instead
of just like running around like crazy the first week
of December trying to get everything done. It's like, no,
we're still gonna have to go get you know, tree
and stuff in you know a few few days. But okay,
that's a lot easier than putting up all the other stuff.
Just because we've been known to overdo it for Christmas decorations,
(16:44):
we've gone full Griswold at our house. It's the only
way to fly.
Speaker 3 (16:49):
We're focusing on just a couple big gift items trying
not to clutter our family more than it's already cluttered
with small kids toys.
Speaker 2 (16:57):
I hear you. Yep. We we just did a big
donation run last week.
Speaker 4 (17:01):
I would love to do a donation run.
Speaker 2 (17:04):
How did you do it? So let me tell you
how we did it. So, like a lot of families,
we had one of those little kid tents set up
in one of the rooms. Yep, and the tent finally broke.
We'd had it for five years and it literally just
collapsed on itself just from.
Speaker 3 (17:19):
Use and whatever impressive staying power.
Speaker 2 (17:22):
The tent, like a lot of families, was filled with
stuffed animals that people brought for the first five years
of our kids' lives. So it then became okay, we've
got to like figure out what to do with this,
that and everything. It turned into okay, get all of
the toys out from this room, because we basically try
to keep them in one room just to avoid a
huge disaster, of course, and then we just kind of
(17:42):
went through and we're like, nope, get rid of it, Nope,
get rid of it, and legitimately like multiple trash bags
of things to donate. When it was all said and
done and it's in a great spot.
Speaker 3 (17:54):
Now where where's where'd you go for donating?
Speaker 2 (17:57):
Just like a yeah, gotcha, yeah gotcha.
Speaker 4 (18:01):
My kids notice if one tiny thing is missing, they
just break down.
Speaker 2 (18:06):
So the nice thing about this is we were doing
it with them there, and so they could see everything
that we were getting rid of.
Speaker 3 (18:14):
We did get behind the kids' backs.
Speaker 2 (18:17):
So the nice thing is it was going quickly enough
that I don't think they could think about it very long,
and so they like they got to see what was going,
but then it was onto the next thing just like that,
and they couldn't like ruminate about like do I want this?
Do I not want this? And so we made some
really good progress. It was. It was good because again
(18:38):
especially it's like all those you know, baby and one
year old toys. It's like, okay, youngest, like, isn't that
old anymore? Like move on, get them out.
Speaker 4 (18:46):
I gotta say, I think stuffies are worse than toys.
Speaker 2 (18:50):
I had a whole trash back of those two.
Speaker 4 (18:51):
Yeah, like we have a whole chest full of stuffies
and it's just like, oh man, this takes up a
lot of room. Stop getting them stuffed in please.
Speaker 2 (19:00):
Yeah, it's and and look I get it. But we've
basically had to do a no stuffed animal rule for
the last year now because it's just it's just not
not not okay, We've.
Speaker 3 (19:12):
Got truck craziness, which is just obstacles left and right
in that particular room to avoid stepping on.
Speaker 2 (19:21):
I gotta tell you, yeah, whoever makes the kids toys
so small so they inflict the maximum pain on your
foot when it gets right into the arch.
Speaker 4 (19:29):
Like oh, the Lego number one, I mean.
Speaker 2 (19:31):
Yeah, the Lego's bad, But like the freaking Peppa pigs
and stuff, like, all that stuff's right in the wheelhouse too.
Speaker 3 (19:39):
I mean it's just like some strong plastic.
Speaker 2 (19:42):
Oh you like, you got to just make all the
toys out of nerve for something. You gotta figure something
out because it's just brutal walking around with no shoes on.
Let's take a quick break. When we return Trivia Answer,
Wall Street Watch, and then Sellers pulling their homes off
the market.
Speaker 1 (20:10):
Bringing the latest financial news straight to your radio. Every day,
it's the Financial Exchange on the Financial Exchange Radio Network.
Time now for Wall Street Watch, a complete look at
what's moving market so far today right here on the
Financial Exchange Radio Network.
Speaker 4 (20:30):
We're seeing a little bit of a rally here on
Wall Street as traders sift through more economic data points
this morning, including durable goods and jobless claims. Right now,
the Dow is up over three quarters of a percent,
or three hundred and sixty three points. S and P
five hundred is up over eight tenths of a percent
or fifty five points. NASDAC up nearly one percent higher,
(20:53):
or two hundred and sixteen points. Russell two thousand is
up over three quarters of a percent. Ten Your treasure
Field is up one bait point at four point zero
one three percent, and crude oil is edging higher, trading
just below fifty eight dollars a barrel after the stock
pulled back three percent and reaction to optimism around Google's
(21:13):
AI chips in video shares are rebounding nearly two percent
today in response to concerns the AI and chip giant
said on a post on x that it is a
generation ahead of the industry. Alphabet, by the Way, is
down over one percent. Meanwhile, shares in Dell Technologies arising
six percent now after the computer in software maker raised
(21:35):
its full year guidanceing forecasted its AI server shipments would
more than double. Elsewhere, Deer beat earning exam revenue expectations
for the previous quarter. However, the farm equipment maker issued
a downbeat annual forecast and said tariffs in uncertainty would
pressure earnings. Deer is down by five percent. In apparel,
retailer Urban Outfitters posted stronger than expected courtly results, boosted
(21:59):
by its names brand. That stock is rallying over ten
percent higher. I'm Tucker Silva and that is Wall Street watching.
In the previous segment, we asked you the trivia question
who is Peter Boyle's best man at his nineteen seventy
seven wedding. That would be John Lennon. John Lennon was
his best man. Sean from Boston, Mass is our winner
(22:19):
today taking on the Financial Exchange Show t shirt. We
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Speaker 2 (22:42):
Sellers pulling their homes off the market at the fastest
pace in nearly a decade. This According to data out
of Redfin, eighty five thousand US sellers took their homes
off the market in September of twenty eight percent from
September of twenty twenty four, and the highest level for
(23:03):
that month in eight years. Big reason for ad listing
is you don't want to lower your price to accept
a lower sale price, and this most likely in my opinion,
has to do with people who bought properties within the
last couple of years and don't want to take an
actual loss on their sale, or in some cases might
(23:24):
not have the equity to be able to take a
loss on the sale.
Speaker 3 (23:27):
Yeah, we're finally on the supply side, getting a little
bit more relief, though it hasn't really translated into significantly
lower prices nationally. Obviously, if you look at some areas
of the country, there has been significant price declines. The
supply of homes for sales about fifteen percent higher now
that it was a year ago, according to realtor dot com.
That could shrink in the coming weeks here because of
(23:48):
some seasonal effects. But as you had mentioned in the
first hour of the show, check, it has been a
very weak housing market. Interest rates have come down a
little bit, perhaps not as significantly as once thought, and
we still haven't. I've seen a tremendous amount of housing activity.
I don't really know what cures it in those areas
that are challenged the most, in Florida and Texas in
some areas of the Sunbelt. It's not as if there's
(24:11):
going to be a huge surge of buyers that I
would think are going to come into the market. Ain't
time soon.
Speaker 2 (24:16):
No, it's something where also, you know, if you have
home prices that are falling in an area. Again, one
of the reasons why people decide to buy a house
is because they think the value of it is going
to move up. If you have home prices that are
falling significantly in an area, people say, no, I don't
want to buy right now prices are falling. I want
(24:36):
to wait until I see some stability. And so this
is why you get into the issue of hey, even
though prices have come down, you're still not seeing a
conclusive move up in volumes. You know, I was looking
at the volume data yesterday just because we had gotten
existing home sales data last week, and basically you know,
(24:57):
we're the latest numbers for October or an annualized pace
of four point one million. You can go back to
pretty much April of twenty three, so almost three years now,
two and a half years. The peak has been around
four and a quarter million, the bottom has been around
three point eight five million, and everything else has just
been wiggling in between. Normal market. Pre pandemic, we were
(25:21):
generally seeing around five to five and a half million
units transacting in a given year. So we're running, you know,
twenty five to thirty percent below pre pandemic volume. And
then obviously twenty one and twenty two got nuts. I
mean we had times where we were running almost seven
million annualized units, you know, six and a half million
annualized units. I don't think that's where you know, you
(25:44):
would expect to get to. But in terms of like
latent capacity, we're we're running like one to one and
a half million units below per year where you would
normally be transacting.
Speaker 3 (25:57):
It not gonna be an easy go for the for
the housing marketing time soon, that's for sure.
Speaker 4 (26:02):
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show dot com.
Speaker 1 (27:08):
The proceeding was paid for and the views expressed are
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Cushing and Armstrong did not endorse each other and are
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Speaker 2 (27:19):
Schneider Electric, who is a major manufacturer of well, how's
the name implies basically all kinds of different products related
to electricity generation, power management, like you name it. If,
if it's something that involves getting electrons from point A
(27:41):
to point B, Schneider Electric does it. And they're estimating
that the United States could end up with a shortage
in power of about one hundred and seventy five gigawatts
by twenty thirty three, largely because of increased demand from
artificial intelligence data centers. At the same time, that capacity
(28:03):
is just not growing quickly enough. And this is something
we've been talking about for months, and it's nice to
know that everyone is finally paying attention to this because
you know, we were on this back in the summer
when no one wanted to talk about it, and this
is now, you know, people are realizing, oh, yeah, this
is kind of a problem, and no one's really doing
enough to address it. It's just not something where we're
(28:27):
clearing the the hurdles that need to be you know,
jumped over right now in order to build power plants
and power generation and distribution quickly enough to deal with
all these data centers that are going up.
Speaker 3 (28:42):
No, it's an incredibly slow process. And it's not being
met with enough urgency. I do wonder, and I'm not
saying that this is going to happen exactly, but when
we were covering the chip story or earlier in the show,
Chuck just perhaps that there's still going to be, of course,
a tremendous amount of demand for artificial intelligence. It seems
like projecting the future, but perhaps some of the chips
(29:04):
get a little bit more sophisticated and power efficient that
would maybe lessen some of the demand. I'm not saying that, hey,
we're suing to be in the clear, but I was
just sort of percolating thinking over that a little bit
that perhaps that would be some reprieve. But overall, there
still is going to be more electricity demand, whether it's
from artificial intelligence. There's some of these other areas of
(29:24):
the market that need to be developed out further, and
it's something that the US should address sooner rather than later.
I don't know if that's going to be the case,
but definitely some red tape needs to be pulled down
to make things be innovated a little bit faster. On
the electrical grid side of things.
Speaker 2 (29:41):
Take a quick break here. When we return, we'll do
some stack rough.
Speaker 1 (29:44):
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(30:07):
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Speaker 4 (30:29):
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Speaker 2 (31:04):
Paul, what do you got for stack roulette today, Chuck?
Speaker 3 (31:06):
You remember that company called Peloton that we talked about
a lot during the pandemic.
Speaker 2 (31:11):
Yeah, they're still.
Speaker 3 (31:12):
Around, and they're nowhere near as strong as they once were.
The stock once peaked at one hundred and fifty one
dollars this year in October of twenty twenty. The stock
sits today at a mere six dollars and seventy five cents.
Where they're in the news today, and this is just
baffling to me. Is Peloton has new AI powered bikes
(31:35):
and treadmills, and apparently they're getting off to a slow start,
which made me puzzled as to what could artificial intelligence
possibly help you in terms of getting on a bike
or being better for your workout experience. I mean, they
claim here that their Peloton Iq is an AI platform
that offers personalized guidance, insights, and coaching plans. It's pretty
(31:58):
simple when it comes to work out, and I'm not
an expert on it by any means, but you just
got to get out there and do it, and do
some form of it. I'm pretty confident saying you don't
need our official intelligence to to help you just pedal
more on the bike.
Speaker 2 (32:13):
I agree. It's something where I feel like this is
not a peloton thing. But again, every everyone wants to
be like getting into like trying to measure every aspect
of your health. Like, oh, if we can just measure it,
like we'll be able to like do it better. And
it's like no, Like, guys, if you want to like
(32:35):
bike faster than bike faster. I know that sounds kind
of dumb, but biking is like running, which is I'm
not a genius, but it's something I know something about. Ultimately,
when it comes to any kind of aerobic activity, your
limit is basically how much pain you're willing to endure
in that moment, like within limits, you know, assuming that
(32:57):
you're not actually hurting your body. But like the reason
that someone can run an eight minute mile and someone
else can only run a nine minute mile is because
they are willing to push themselves to a certain place,
you know, beyond like you know, just your basic physiology
and limiting factors that you might have there. So ultimately, like, look,
(33:19):
if you want to bike more than bike more, you know,
I okay go from you know, doing a ten minute
bike ride to a twenty minute one. Artificial intelligence isn't
going to give you the ability to do that. It's
it's just not.
Speaker 3 (33:35):
And if you want better results, to get from an
eight minute mile to a seven minute mile, then you
just need to do it more frequently, more reps.
Speaker 2 (33:42):
And look, you can certainly likes there's plenty of stuff
that you can read about online as far as training
on all of this stuff. As an example, I was
doing the dav five K a couple weeks ago, and
I spent part of the summer like reading up on
different training plans, and then I just said, okay, I'm
going to try something because ultimately the other pieces, Look,
(34:03):
the vast majority of us are not competing for the Olympics.
You know what, once we get past age eighteen, we
are never going to face the competition that we faced.
That like matters again because your athletic pursuits don't really
impact your life once you get past high school in general.
And so it's something where if this five k didn't
(34:25):
go well for me. Okay, that's fine because I'm not
earning any money off it anyways, Like I'm just doing
it to see how well I do it. So this
idea that like I need artificial intelligence to tell me
how to like plan faster. No, I read some stuff
from people who seem to know what they're talking about.
I tried it, and I ran better times than I
ever have, which was cool, But it like, would artificial
(34:46):
intelligence have been able to be like do this, do that,
do this? No, Because the amount of training I had
was dictated by my schedule, which is dictated by my
work and what I need to do with my kids
and family and this. So I don't know that I
could have done anything differently anyways. So yeah, artificial intelligence
is kind of starting to feel just like I don't know.
(35:07):
It's like when whoever the fast food guys were that,
you know, tried to get it into their their drive
through lane and they were like, oh no, this is
actually really bad, we shouldn't do this. This feels like
it might go the same route, you know, Like, is
the AI going to be like, hey, if you want
to be faster tomorrow, do a fifty thousand mile run today. Well, okay,
(35:30):
if you insist here the artificial intelligence, why not. I
want to cover this story that we didn't get to
in our one yes, which is house in Medford accidentally
had three hundred and seventy five gallons of oil delivered
to it but doesn't have an oil tank in the
basement anymore. Apparently they converted to that gas for their
heating a few years back, but didn't get rid of
(35:52):
the pipe that you know, sticks out of the house
for if you're not listening to our show in the Northeast.
In the Northeast, one of the ways that you can
heat your home almost through home heating oil, and it's
basically you have these giant tanks usually in your basement
that oil gets you know, filled into them a couple
times a year, and that oil is then burned in
order to provide heat for your house. This house had
(36:14):
the tanks removed at some point, but they didn't get
rid of the pipe that fed in and so oil
guys shows up, thinks it's the right house, hooks up
pipes in three hundred and seventy five gallons of oil,
leaves and it turns out there was nothing on the
other end of the pipe, and so the basement just
had three hundred and seventy five gallons of oil going
into it.
Speaker 3 (36:31):
Ew tough beat, tough beat, you know, it's uh, I mean.
Speaker 4 (36:37):
How do you get that out of your basement?
Speaker 3 (36:39):
They cruise there, but.
Speaker 4 (36:42):
They said they put it into barrels, like they threw
it on some sort of absorbent and then shoveld into
barrel Like still like, oh my goodness, yeah, I mean
it's a mess.
Speaker 2 (36:52):
It's the kind of thing where you know.
Speaker 4 (36:54):
Not to mention the smell.
Speaker 2 (36:56):
The good news. You probably find out about that quickly
because you know, you're like, something's wrong when you go
into the basement and it happens to be the three
inches of oil I have on the ground. The bad
news is like, what kind of remediation do you need
to do in order to make sure that's not like
leeching pollutants into you know, the the walls and stuff
that then you're breathing in for the rest of the time.
(37:18):
I don't know.
Speaker 3 (37:19):
Yeah, this is like a hundred times worse than what
we were talking about with used cars when someone smokes
in them and you buy that new car or that
used car from them, like this. How could this not
just be within the property for a long time, or
how can you be convinced that it's fully cleaned out.
It's tough, tough meat.
Speaker 2 (37:37):
Doesn't doesn't feel good, but hey, at least that oil
delivery happened. I guess let's see what else do we
want to cover here?
Speaker 4 (37:49):
Kind of just this rally.
Speaker 2 (37:51):
Yeah, market's cranking, you got something, you got markets up
another basically one percent across major industries today. SMP's back
above sixty eight hundred, so within a couple points of
all time highs. And this is why again, I know
everyone got a little panicky last week, but you never
know how these things are going to evolve. And this
has been a crazy resilient market for the last six months.
(38:14):
Every time we've had one of these you know, three
four five percent tests, it's bounced from it. I'm not
saying that this means like things are all clear, because
I don't know where we're going, but man, like, you're
talking like a three hundred point rally on the S
and P five hundred since Friday morning now, and it's
pretty impressive. I gotta say it's it's pretty darn impressive
(38:36):
what we're seeing we're gonna take a quick break for well,
the whole Thanksgiving holiday and everything, but to anyone listening,
hope you get where you're traveling safely, hope you can
spend some time with friends and family, and hope you
have a great Thanksgiving and post Thanksgiving weekend. We'll see
you back here next week. Four
The Financial Exchange is produced by Money Matters Radio and
is hosted by employees of the Armstrong Advisory Group, a
registered investment advisor. All opinions expressed are solely those of
the hosts, do not reflect the opinions of Armstrong Advisory
or anyone else. Investments can lose money. This program does
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(00:21):
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(01:06):
and Paul.
Speaker 2 (01:07):
Lane, Chuck, Paul, and Tucker with you here the day
before Thanksgiving. Hope all your travel is going smoothly at
the moment. I haven't looked at a weather map to
see if there are major problems cascading across the country,
but I haven't heard anything at least. But let's pull
(01:28):
this up here. Let's see. Okay, it looks like it's
snowing in Wisconsin, but it looks like it's mostly northern
Wisconsin and maybe the upper Peninsula of Michigan. So I
don't think that's a huge problem based on the populations
up there. And then let's see, it looks like down
by Corpus Christi, Texas, we got some rain, but other
(01:50):
than that, it looks pretty clear. So I think we'll
take that. Paul. As far as day before Thanksgiving travel.
Speaker 3 (01:56):
Absolutely we'll take that.
Speaker 2 (01:58):
Okay, Okay. If you're interested in how markets are performing
the day before Thanksgiving, the answer is good to quite good.
The S and P five hundred is up fifty points,
the Dow Jones Industrial average up three hundred and thirty two,
and the NASDAK composits of one hundred ninety four, So
all three major indices up about three quarters of a percent.
(02:19):
It's kind of fun. The tenure treasury up one point
five basis points to four point h one to seven percent,
Gold is up twenty one forty and ounce to forty
one sixty one and forty cents, and we got crude
oil up one cent a barrel to fifty seven to
ninety six triple a national average. Gas prices down another
one point three cents over night, though, to three oh
(02:40):
four and two tenths And gotta tell you, we're gonna
make a real run at getting that national average under
three dollars a gallon by this weekend, as more refinery
closures or more refinery maintenance periods have ended, and we
should be getting some additional supply coming through. So some
good news on that front. If you happen to be
traveling by car, by motorcycle, or by uh well, anything
(03:07):
else that uses gas to get you where you're going,
and you're paying for that gas, sure, yeah sounds good.
Speaking of travel, we've got a bunch of people that
are going to be traveling during the Thanksgiving period. US
airlines expecting to see thirty one million passengers taking to
(03:29):
the skies between November twenty one, so five days ago
and December first, five days from now. That is the
busiest Thanksgiving travel period on record. And this is coming
right out of you know, the government shutdown which saw
air travel, you know, kind of snarl throughout parts of
the country. We're still not fully back up to speed,
so we've got some challenges that may rear them their
(03:51):
heads during this time. But again, airlines trying to get
all thirty one million of those people to their destinations
as close as possible to the on time arrival that
they're aiming for.
Speaker 3 (04:05):
Little bone to pick here, chuck with Transportation Secretary Sean Duffy.
He's encouraging travelers to dress up, to go to the airport,
help a stranger out, and be in a good mood.
I'm fine with the last two. First one, Who is
he to tell anyone to dress up or not. I'm
more of a casual traveler. Quote me on that, Yes,
thank you.
Speaker 2 (04:26):
Let me. Let's let's let's discuss, uh, you know, air
travel etiquette. Yes, I think there are some stews and
do nots. Shoes on shoes on number one, you shoes,
your shoes do not come off during the flight unless
you want me to tickle them. Okay, you take your
shoes off. You take your shoes off next to me,
(04:48):
I am going to tickle your feet and make you
feel as uncomfortable as possible because those shoes need to
stay on at all times on a flight with you there,
absolutely hard hard stop other things. I think that when
it comes to, you know, how people dress for flights, honestly,
(05:08):
as long as it's something that like should generally be
worn in public, I'm pretty much fine with it. Like
I I look at how you know, dress has generally
evolved over time, and there's nothing to say we need
to be dressed, you know, like people flying in the
nineteen fifties where you're flying in like a suit and tie,
like I. You know, dress codes evolve and change and shift,
(05:30):
and there's no inherent problem with that. I do think, like, look,
if you're showing up to the airport and like your pajamas,
I think you're just kind of worthy of being like
made fun of in general, because you shouldn't be outside
your house in pajamas anyways, whether it's going to the airport,
the grocery store, anywhere else, right with you there, with
you there, except in like certain special you know cases
(05:50):
where it's like okay, like if it's Christmas morning and
you need to like run out to get one last thing, fine,
I get it. Like go out in your pajamas because
you just don't want to change for Christmas morning. I
get it. But otherwise, like no, like.
Speaker 4 (06:02):
It doesn't impact the travel industry.
Speaker 2 (06:04):
Wear clothes that are appropriate for going outside the house
and you'll be fine. Shoes on is the big one.
Other things, if.
Speaker 3 (06:11):
You're a window sea person, you know, try not to
get up too much during the flight, Just try and
limit your amount of times getting all that's my bladder, buddy,
Try to limit it, Tucker, try and hold it.
Speaker 2 (06:22):
Other things, remember that airlines always do try to divide
us so that we fight amongst ourselves for you know,
the scraps of whatever we can grab. I do think
like being nice to each other when you're traveling because
everyone's a little bit stressed and just trying to get
to you know, their destination in one you know, without
you know, any major problems. Yeah like that, I totally
buy that. But as far as like what should you
(06:43):
wear to the airport, shoes at all times, nothing that
you wouldn't wear outside the house. Other than that, you're
kind of on your own in my opinion.
Speaker 3 (06:50):
And no reason to jump up when the plane lands
unless you have a connected flat to run to the front,
because we're all gonna get off.
Speaker 4 (06:58):
That's my biggest pet pet beef going right, Like in life,
there's the lands and everybody stands and is getting all
their stuff ready, where clearly the plane has to get
you know, situated and unpacked. Just relax so you see.
Speaker 2 (07:13):
Well, it's like look at most airports anyways. Okay, So
then you're gonna get off the plane, You're gonna have
to go to the bathroom where you're gonna have to
wait anyways. Then you're gonna have to get on whatever
the shuttle is to you know, the main terminal where
you're gonna have to wait anyways. Then you're gonna have
to wait to go get your rental car. Then you're
gonna have to weigh the you know, toll going out
of the rental car lot. So it's like, look, just
(07:34):
just get ready for the waiting man. Just you embrace
the weight. Here's the thing. Uh, if you met your
great great grandfather who you know died in nineteen ten,
and showed him you know the things that you're upset
about when it comes to air travel. He'd be like, dude,
we had to go by covered wagon to get across
(07:56):
the country.
Speaker 3 (07:57):
By day, the Right brothers were just making inroads on
flying in nineteen six.
Speaker 2 (08:01):
Be on this, okay, y'all know Dwight Eisenhower President, right, yes,
sign the Federal Highway Act. Dwight Eisenhower was part of
an expedition back in the nineteen I think it was twenties,
maybe early thirties that tried to you know, get from
one side of the country to the other, driving as
fast as possible on roads. It was it was an
army expedition to figure out how quickly they could get
(08:23):
stuff from one side of the country to the other.
It took sixty two days for them to do it.
Speaker 3 (08:28):
Wow.
Speaker 2 (08:30):
So even Dwight Eisenhower, who again like saw a whole
bunch of planes, flew on a whole bunch of planes
in his lifetime, would probably be like, yeah, guys, you
don't need to like make up the extra minute trying
to be Usain Bolt getting off the plane. You're gonna
get there just fine. The Turkey will be okay.
Speaker 4 (08:52):
Well said, what where do you stand on the reclined seat.
Speaker 2 (08:56):
I think everyone should reclimb, but I'm a little dude.
Speaker 3 (08:58):
So.
Speaker 4 (09:00):
In the chair was made to recline, therefore you should
be able to recline.
Speaker 3 (09:05):
I just still know about going all the way back though.
Speaker 2 (09:08):
What probably is the only way back, cause like he,
I guess here's where I I for the screen.
Speaker 3 (09:12):
For the person behind.
Speaker 2 (09:13):
Them, so then don't make them recline. So it's my
responsibility to make sure that the person behind me can
watch Dutopia as as easily as possible.
Speaker 3 (09:23):
There's this cascading effect where the last row of the plane,
if everyone went by that premise and everyone had to recline,
would be in trouble.
Speaker 2 (09:29):
That's why you don't book the last row of the
plane fair you know, it's you don't book that, and
you don't book the exit row if you don't. If
you don't want to recline, like it's you know, do
you avoid those three rows and you'll be perfectly fine.
So yeah, I'm I'm pro reclining. I am very much.
The person in the center seat gets both armrests because
(09:51):
they're in the center seat, absolutely, and the people in
the island window you get the one armrest on the
outside each.
Speaker 3 (09:56):
What's the preference window or aisle. I'm a window guy.
Speaker 4 (09:59):
Anisle guy because so much wind.
Speaker 3 (10:01):
Window guy because I'm mechanical.
Speaker 2 (10:03):
I can hold it. Yeah, a large bladder, and I
like to fall asleep, so I'm not trouble for you.
Speaker 3 (10:09):
Lean on the window.
Speaker 2 (10:09):
Yep, that's where where I live. At this point, I'm
trying to think of other items aside from the shoes. Oh,
don't be on your bluetooth making phone calls. Oh sure, yeah,
Like the whole plane does not want to hear what
you're doing.
Speaker 4 (10:27):
Anyways, because you're supposed to shut it off.
Speaker 2 (10:30):
There are people who do. There are people who do,
so we we don't need that. Other things. Do not
listen to the speakers on your tablet or computer. Get headphones. Yes,
we don't need to hear you know.
Speaker 4 (10:45):
I don't think i've ever come across that.
Speaker 2 (10:47):
I've seen it a few times. Other things. If someone's
traveling with a child, don't give them any crap about
their kid being noisier, crying like it's just you know,
it's it's how it's going to be. And they are
far more freaked out about their kid than you are.
The counter to this is if a parent is not
(11:09):
saying anything to their kid who is kicking your seat, yes,
you should probably then say something to the parent about, hey,
could you please stop your child from kicking my seat? Definitely,
I think that's totally fine. Let's take a quick break
here and when we return, we've got trivia, and then
let's talk about whether or not Black Friday deals look
lame this year.
Speaker 1 (11:30):
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for tripa here on the Financial Exchange in on Monday.
Earlier this week, CBS aired the Everybody Loves Raymond tretieth
(13:00):
anniversary special. One major surprise we learned from the special
was that Peter Boyle was great friends with the legendary musician,
so much so that said musician was Peter Boyle's best
man at his nineteen seventy seven wedding. So our trivia
question today, who was Peter Boyle's best man at his
(13:20):
nineteen seventy seven wedding? Once again, who was Peter Boyle's
best man at his nineteen seventy seven wedding? Be the
third person today to text us to six one seven
three six two thirteen eighty five with the correct answer
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(13:42):
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six two thirteen eighty five along with the keyword trivia
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Exchange Show dot com.
Speaker 2 (13:55):
Peas in Bloomberg Black Friday deals looking lame? Just wait,
what does this piece talk about? Paul Chuck.
Speaker 3 (14:03):
Basically, what this is going over is that retailers are
trying to rein in their discounting, perhaps some of it
due to tariffs. A lot of this stuff was ordered
kind of right at the height of all the tariff paranoria,
which hasn't really come to fruition luckily as much as
had we had anticipated in April. Rates have been far
(14:24):
less punitive than initially estimated. But when these orders were
being placed for Black Friday was in and around April
where it was very unclear what the tariff policy would
look like going forward. So, particularly when you look at toys, electronics,
and household appliances, those are often imported from overseas. According
to Adobe, Inc. Online discounts are likely to be shallower
(14:47):
this year in those categories. As a whole, we're seeing
that perhaps there's going to be more of a focus
on just the basics and less spending on some of
those scrushing items for the holidays, and not a lot
of discounts to be found out there.
Speaker 2 (15:04):
How are you guys doing with holiday shopping at this point?
Speaker 3 (15:07):
We're in good sheep.
Speaker 4 (15:08):
Yeah, we kind of got a good chunk done a
week or so ago, but we still got to finish
it out. I know you were done in like May
or something, right.
Speaker 2 (15:16):
I try to generally operate four to six months in advance. Yeah, yeah,
I wasn't done quite that early this year, just because
I had a few things that I was poking around on.
But yeah, we're too.
Speaker 4 (15:31):
Busy with the Christmas lights in May.
Speaker 2 (15:33):
Yeah too. So honestly, Christmas lights have been up at
the house for three weeks now.
Speaker 3 (15:37):
Three weeks wow wow?
Speaker 2 (15:40):
Yeah, we got them November fifth, it'll be three weeks
this weekend. We got them up the weekend of the eighth. Okay, Now,
granted we had this this friends giving that we did
last weekend. That was a. It was a nineteen eighties
Italian Christmas theme that we did just because we didn't
want to have turkey twice. We didn't want to have
turkey twice. But honestly, like, here's the thing. We talked about,
(16:01):
my wife and I and we decided, Look, we're gonna
kind of do this every year because a like, I'm
a big believer that Thanksgiving doesn't need to have like
its own decor, Like it's late enough in the fall
that like you don't need all these leaves and things
and whatever. Right and true, Look, we got the stuff
done three weeks ago. Now we get to actually keep
(16:21):
it up for a couple months and enjoy it instead
of just like running around like crazy the first week
of December trying to get everything done. It's like, no,
we're still gonna have to go get you know, tree
and stuff in you know a few few days. But okay,
that's a lot easier than putting up all the other stuff.
Just because we've been known to overdo it for Christmas decorations,
(16:44):
we've gone full Griswold at our house. It's the only
way to fly.
Speaker 3 (16:49):
We're focusing on just a couple big gift items trying
not to clutter our family more than it's already cluttered
with small kids toys.
Speaker 2 (16:57):
I hear you. Yep. We we just did a big
donation run last week.
Speaker 4 (17:01):
I would love to do a donation run.
Speaker 2 (17:04):
How did you do it? So let me tell you
how we did it. So, like a lot of families,
we had one of those little kid tents set up
in one of the rooms. Yep, and the tent finally broke.
We'd had it for five years and it literally just
collapsed on itself just from.
Speaker 3 (17:19):
Use and whatever impressive staying power.
Speaker 2 (17:22):
The tent, like a lot of families, was filled with
stuffed animals that people brought for the first five years
of our kids' lives. So it then became okay, we've
got to like figure out what to do with this,
that and everything. It turned into okay, get all of
the toys out from this room, because we basically try
to keep them in one room just to avoid a
huge disaster, of course, and then we just kind of
(17:42):
went through and we're like, nope, get rid of it, Nope,
get rid of it, and legitimately like multiple trash bags
of things to donate. When it was all said and
done and it's in a great spot.
Speaker 3 (17:54):
Now where where's where'd you go for donating?
Speaker 2 (17:57):
Just like a yeah, gotcha, yeah gotcha.
Speaker 4 (18:01):
My kids notice if one tiny thing is missing, they
just break down.
Speaker 2 (18:06):
So the nice thing about this is we were doing
it with them there, and so they could see everything
that we were getting rid of.
Speaker 3 (18:14):
We did get behind the kids' backs.
Speaker 2 (18:17):
So the nice thing is it was going quickly enough
that I don't think they could think about it very long,
and so they like they got to see what was going,
but then it was onto the next thing just like that,
and they couldn't like ruminate about like do I want this?
Do I not want this? And so we made some
really good progress. It was. It was good because again
(18:38):
especially it's like all those you know, baby and one
year old toys. It's like, okay, youngest, like, isn't that
old anymore? Like move on, get them out.
Speaker 4 (18:46):
I gotta say, I think stuffies are worse than toys.
Speaker 2 (18:50):
I had a whole trash back of those two.
Speaker 4 (18:51):
Yeah, like we have a whole chest full of stuffies
and it's just like, oh man, this takes up a
lot of room. Stop getting them stuffed in please.
Speaker 2 (19:00):
Yeah, it's and and look I get it. But we've
basically had to do a no stuffed animal rule for
the last year now because it's just it's just not
not not okay, We've.
Speaker 3 (19:12):
Got truck craziness, which is just obstacles left and right
in that particular room to avoid stepping on.
Speaker 2 (19:21):
I gotta tell you, yeah, whoever makes the kids toys
so small so they inflict the maximum pain on your
foot when it gets right into the arch.
Speaker 4 (19:29):
Like oh, the Lego number one, I mean.
Speaker 2 (19:31):
Yeah, the Lego's bad, But like the freaking Peppa pigs
and stuff, like, all that stuff's right in the wheelhouse too.
Speaker 3 (19:39):
I mean it's just like some strong plastic.
Speaker 2 (19:42):
Oh you like, you got to just make all the
toys out of nerve for something. You gotta figure something
out because it's just brutal walking around with no shoes on.
Let's take a quick break. When we return Trivia Answer,
Wall Street Watch, and then Sellers pulling their homes off
the market.
Speaker 1 (20:10):
Bringing the latest financial news straight to your radio. Every day,
it's the Financial Exchange on the Financial Exchange Radio Network.
Time now for Wall Street Watch, a complete look at
what's moving market so far today right here on the
Financial Exchange Radio Network.
Speaker 4 (20:30):
We're seeing a little bit of a rally here on
Wall Street as traders sift through more economic data points
this morning, including durable goods and jobless claims. Right now,
the Dow is up over three quarters of a percent,
or three hundred and sixty three points. S and P
five hundred is up over eight tenths of a percent
or fifty five points. NASDAC up nearly one percent higher,
(20:53):
or two hundred and sixteen points. Russell two thousand is
up over three quarters of a percent. Ten Your treasure
Field is up one bait point at four point zero
one three percent, and crude oil is edging higher, trading
just below fifty eight dollars a barrel after the stock
pulled back three percent and reaction to optimism around Google's
(21:13):
AI chips in video shares are rebounding nearly two percent
today in response to concerns the AI and chip giant
said on a post on x that it is a
generation ahead of the industry. Alphabet, by the Way, is
down over one percent. Meanwhile, shares in Dell Technologies arising
six percent now after the computer in software maker raised
(21:35):
its full year guidanceing forecasted its AI server shipments would
more than double. Elsewhere, Deer beat earning exam revenue expectations
for the previous quarter. However, the farm equipment maker issued
a downbeat annual forecast and said tariffs in uncertainty would
pressure earnings. Deer is down by five percent. In apparel,
retailer Urban Outfitters posted stronger than expected courtly results, boosted
(21:59):
by its names brand. That stock is rallying over ten
percent higher. I'm Tucker Silva and that is Wall Street watching.
In the previous segment, we asked you the trivia question
who is Peter Boyle's best man at his nineteen seventy
seven wedding. That would be John Lennon. John Lennon was
his best man. Sean from Boston, Mass is our winner
(22:19):
today taking on the Financial Exchange Show t shirt. We
play trivia every day here in the Financial Exchange. See
complete contest rules at Financial Exchange Show dot com and again.
The Financial Exchange streams every day live on YouTube. Subscribe
to our page and follow market activity all morning long.
Searts the Financial Exchange on YouTube and hit that subscribe button.
Speaker 2 (22:42):
Sellers pulling their homes off the market at the fastest
pace in nearly a decade. This According to data out
of Redfin, eighty five thousand US sellers took their homes
off the market in September of twenty eight percent from
September of twenty twenty four, and the highest level for
(23:03):
that month in eight years. Big reason for ad listing
is you don't want to lower your price to accept
a lower sale price, and this most likely in my opinion,
has to do with people who bought properties within the
last couple of years and don't want to take an
actual loss on their sale, or in some cases might
(23:24):
not have the equity to be able to take a
loss on the sale.
Speaker 3 (23:27):
Yeah, we're finally on the supply side, getting a little
bit more relief, though it hasn't really translated into significantly
lower prices nationally. Obviously, if you look at some areas
of the country, there has been significant price declines. The
supply of homes for sales about fifteen percent higher now
that it was a year ago, according to realtor dot com.
That could shrink in the coming weeks here because of
(23:48):
some seasonal effects. But as you had mentioned in the
first hour of the show, check, it has been a
very weak housing market. Interest rates have come down a
little bit, perhaps not as significantly as once thought, and
we still haven't. I've seen a tremendous amount of housing activity.
I don't really know what cures it in those areas
that are challenged the most, in Florida and Texas in
some areas of the Sunbelt. It's not as if there's
(24:11):
going to be a huge surge of buyers that I
would think are going to come into the market. Ain't
time soon.
Speaker 2 (24:16):
No, it's something where also, you know, if you have
home prices that are falling in an area. Again, one
of the reasons why people decide to buy a house
is because they think the value of it is going
to move up. If you have home prices that are
falling significantly in an area, people say, no, I don't
want to buy right now prices are falling. I want
(24:36):
to wait until I see some stability. And so this
is why you get into the issue of hey, even
though prices have come down, you're still not seeing a
conclusive move up in volumes. You know, I was looking
at the volume data yesterday just because we had gotten
existing home sales data last week, and basically you know,
(24:57):
we're the latest numbers for October or an annualized pace
of four point one million. You can go back to
pretty much April of twenty three, so almost three years now,
two and a half years. The peak has been around
four and a quarter million, the bottom has been around
three point eight five million, and everything else has just
been wiggling in between. Normal market. Pre pandemic, we were
(25:21):
generally seeing around five to five and a half million
units transacting in a given year. So we're running, you know,
twenty five to thirty percent below pre pandemic volume. And
then obviously twenty one and twenty two got nuts. I
mean we had times where we were running almost seven
million annualized units, you know, six and a half million
annualized units. I don't think that's where you know, you
(25:44):
would expect to get to. But in terms of like
latent capacity, we're we're running like one to one and
a half million units below per year where you would
normally be transacting.
Speaker 3 (25:57):
It not gonna be an easy go for the for
the housing marketing time soon, that's for sure.
Speaker 4 (26:02):
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Speaker 1 (27:08):
The proceeding was paid for and the views expressed are
solely those of Cushing and Dolan. Cushing and Dolan and
or Armstrong Advisory may contact you offering legal or investment services.
Cushing and Armstrong did not endorse each other and are
not affiliated.
Speaker 2 (27:19):
Schneider Electric, who is a major manufacturer of well, how's
the name implies basically all kinds of different products related
to electricity generation, power management, like you name it. If,
if it's something that involves getting electrons from point A
(27:41):
to point B, Schneider Electric does it. And they're estimating
that the United States could end up with a shortage
in power of about one hundred and seventy five gigawatts
by twenty thirty three, largely because of increased demand from
artificial intelligence data centers. At the same time, that capacity
(28:03):
is just not growing quickly enough. And this is something
we've been talking about for months, and it's nice to
know that everyone is finally paying attention to this because
you know, we were on this back in the summer
when no one wanted to talk about it, and this
is now, you know, people are realizing, oh, yeah, this
is kind of a problem, and no one's really doing
enough to address it. It's just not something where we're
(28:27):
clearing the the hurdles that need to be you know,
jumped over right now in order to build power plants
and power generation and distribution quickly enough to deal with
all these data centers that are going up.
Speaker 3 (28:42):
No, it's an incredibly slow process. And it's not being
met with enough urgency. I do wonder, and I'm not
saying that this is going to happen exactly, but when
we were covering the chip story or earlier in the show,
Chuck just perhaps that there's still going to be, of course,
a tremendous amount of demand for artificial intelligence. It seems
like projecting the future, but perhaps some of the chips
(29:04):
get a little bit more sophisticated and power efficient that
would maybe lessen some of the demand. I'm not saying that, hey,
we're suing to be in the clear, but I was
just sort of percolating thinking over that a little bit
that perhaps that would be some reprieve. But overall, there
still is going to be more electricity demand, whether it's
from artificial intelligence. There's some of these other areas of
(29:24):
the market that need to be developed out further, and
it's something that the US should address sooner rather than later.
I don't know if that's going to be the case,
but definitely some red tape needs to be pulled down
to make things be innovated a little bit faster. On
the electrical grid side of things.
Speaker 2 (29:41):
Take a quick break here. When we return, we'll do
some stack rough.
Speaker 1 (29:44):
Let's find daily interviews and full shows of the Financial
Exchange on o our YouTube page. Subscribe to our page
and get caught up on anything and everything you might
have missed. This is the Financial Exchange Radio Network. Financial
Exchange is life on Series XM's Business Radio Channel one
thirty two weekdays from eleven to noon. Get the latest
(30:07):
business and financial news from across the country and around
the world, and keep up to date on how it
might affect your wallet. That's the Financial Exchange weekdays from
eleven to noon on Series XM's Business Radio Channel one
thirty two. Face He's the Financial Exchange Radio Network. Ladies
and gentlemen the weekend.
Speaker 4 (30:29):
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Speaker 2 (31:04):
Paul, what do you got for stack roulette today, Chuck?
Speaker 3 (31:06):
You remember that company called Peloton that we talked about
a lot during the pandemic.
Speaker 2 (31:11):
Yeah, they're still.
Speaker 3 (31:12):
Around, and they're nowhere near as strong as they once were.
The stock once peaked at one hundred and fifty one
dollars this year in October of twenty twenty. The stock
sits today at a mere six dollars and seventy five cents.
Where they're in the news today, and this is just
baffling to me. Is Peloton has new AI powered bikes
(31:35):
and treadmills, and apparently they're getting off to a slow start,
which made me puzzled as to what could artificial intelligence
possibly help you in terms of getting on a bike
or being better for your workout experience. I mean, they
claim here that their Peloton Iq is an AI platform
that offers personalized guidance, insights, and coaching plans. It's pretty
(31:58):
simple when it comes to work out, and I'm not
an expert on it by any means, but you just
got to get out there and do it, and do
some form of it. I'm pretty confident saying you don't
need our official intelligence to to help you just pedal
more on the bike.
Speaker 2 (32:13):
I agree. It's something where I feel like this is
not a peloton thing. But again, every everyone wants to
be like getting into like trying to measure every aspect
of your health. Like, oh, if we can just measure it,
like we'll be able to like do it better. And
it's like no, Like, guys, if you want to like
(32:35):
bike faster than bike faster. I know that sounds kind
of dumb, but biking is like running, which is I'm
not a genius, but it's something I know something about. Ultimately,
when it comes to any kind of aerobic activity, your
limit is basically how much pain you're willing to endure
in that moment, like within limits, you know, assuming that
(32:57):
you're not actually hurting your body. But like the reason
that someone can run an eight minute mile and someone
else can only run a nine minute mile is because
they are willing to push themselves to a certain place,
you know, beyond like you know, just your basic physiology
and limiting factors that you might have there. So ultimately, like, look,
(33:19):
if you want to bike more than bike more, you know,
I okay go from you know, doing a ten minute
bike ride to a twenty minute one. Artificial intelligence isn't
going to give you the ability to do that. It's
it's just not.
Speaker 3 (33:35):
And if you want better results, to get from an
eight minute mile to a seven minute mile, then you
just need to do it more frequently, more reps.
Speaker 2 (33:42):
And look, you can certainly likes there's plenty of stuff
that you can read about online as far as training
on all of this stuff. As an example, I was
doing the dav five K a couple weeks ago, and
I spent part of the summer like reading up on
different training plans, and then I just said, okay, I'm
going to try something because ultimately the other pieces, Look,
(34:03):
the vast majority of us are not competing for the Olympics.
You know what, once we get past age eighteen, we
are never going to face the competition that we faced.
That like matters again because your athletic pursuits don't really
impact your life once you get past high school in general.
And so it's something where if this five k didn't
(34:25):
go well for me. Okay, that's fine because I'm not
earning any money off it anyways, Like I'm just doing
it to see how well I do it. So this
idea that like I need artificial intelligence to tell me
how to like plan faster. No, I read some stuff
from people who seem to know what they're talking about.
I tried it, and I ran better times than I
ever have, which was cool, But it like, would artificial
(34:46):
intelligence have been able to be like do this, do that,
do this? No, Because the amount of training I had
was dictated by my schedule, which is dictated by my
work and what I need to do with my kids
and family and this. So I don't know that I
could have done anything differently anyways. So yeah, artificial intelligence
is kind of starting to feel just like I don't know.
(35:07):
It's like when whoever the fast food guys were that,
you know, tried to get it into their their drive
through lane and they were like, oh no, this is
actually really bad, we shouldn't do this. This feels like
it might go the same route, you know, Like, is
the AI going to be like, hey, if you want
to be faster tomorrow, do a fifty thousand mile run today. Well, okay,
(35:30):
if you insist here the artificial intelligence, why not. I
want to cover this story that we didn't get to
in our one yes, which is house in Medford accidentally
had three hundred and seventy five gallons of oil delivered
to it but doesn't have an oil tank in the
basement anymore. Apparently they converted to that gas for their
heating a few years back, but didn't get rid of
(35:52):
the pipe that you know, sticks out of the house
for if you're not listening to our show in the Northeast.
In the Northeast, one of the ways that you can
heat your home almost through home heating oil, and it's
basically you have these giant tanks usually in your basement
that oil gets you know, filled into them a couple
times a year, and that oil is then burned in
order to provide heat for your house. This house had
(36:14):
the tanks removed at some point, but they didn't get
rid of the pipe that fed in and so oil
guys shows up, thinks it's the right house, hooks up
pipes in three hundred and seventy five gallons of oil,
leaves and it turns out there was nothing on the
other end of the pipe, and so the basement just
had three hundred and seventy five gallons of oil going
into it.
Speaker 3 (36:31):
Ew tough beat, tough beat, you know, it's uh, I mean.
Speaker 4 (36:37):
How do you get that out of your basement?
Speaker 3 (36:39):
They cruise there, but.
Speaker 4 (36:42):
They said they put it into barrels, like they threw
it on some sort of absorbent and then shoveld into
barrel Like still like, oh my goodness, yeah, I mean
it's a mess.
Speaker 2 (36:52):
It's the kind of thing where you know.
Speaker 4 (36:54):
Not to mention the smell.
Speaker 2 (36:56):
The good news. You probably find out about that quickly
because you know, you're like, something's wrong when you go
into the basement and it happens to be the three
inches of oil I have on the ground. The bad
news is like, what kind of remediation do you need
to do in order to make sure that's not like
leeching pollutants into you know, the the walls and stuff
that then you're breathing in for the rest of the time.
(37:18):
I don't know.
Speaker 3 (37:19):
Yeah, this is like a hundred times worse than what
we were talking about with used cars when someone smokes
in them and you buy that new car or that
used car from them, like this. How could this not
just be within the property for a long time, or
how can you be convinced that it's fully cleaned out.
It's tough, tough meat.
Speaker 2 (37:37):
Doesn't doesn't feel good, but hey, at least that oil
delivery happened. I guess let's see what else do we
want to cover here?
Speaker 4 (37:49):
Kind of just this rally.
Speaker 2 (37:51):
Yeah, market's cranking, you got something, you got markets up
another basically one percent across major industries today. SMP's back
above sixty eight hundred, so within a couple points of
all time highs. And this is why again, I know
everyone got a little panicky last week, but you never
know how these things are going to evolve. And this
has been a crazy resilient market for the last six months.
(38:14):
Every time we've had one of these you know, three
four five percent tests, it's bounced from it. I'm not
saying that this means like things are all clear, because
I don't know where we're going, but man, like, you're
talking like a three hundred point rally on the S
and P five hundred since Friday morning now, and it's
pretty impressive. I gotta say it's it's pretty darn impressive
(38:36):
what we're seeing we're gonna take a quick break for well,
the whole Thanksgiving holiday and everything, but to anyone listening,
hope you get where you're traveling safely, hope you can
spend some time with friends and family, and hope you
have a great Thanksgiving and post Thanksgiving weekend. We'll see
you back here next week. Four
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