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May 11, 2026 38 mins
The economy keeps adding jobs, but for many Americans the labor market still feels unusually difficult and uncertain.

Chuck Zodda and Mike Armstrong break down the strange disconnect between stable employment data, slowing turnover, rising mortgage rates, and growing anxiety around AI and white-collar work.

Also covered:
  • Why the labor market may be far more stable than headlines suggest
  • The industries quietly driving job growth right now
  • Why healthcare jobs continue to outperform other sectors
  • The growing shift toward skilled trades and hands-on work
  • How AI is changing the way people think about long-term careers
  • Why AI models can’t even agree on which jobs are at risk
  • The continued surge in semiconductor stocks and AI spending
  • How rising gas prices and refinery outages are hitting the Midwest especially hard
  • Why some analysts believe home buying season is already disappointing
What the changing labor market could mean for workers, investors, and the broader economy over the next several years.
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Episode Transcript

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Speaker 1 (00:00):
The Financial Exchange is produced by Money Matters Radio and
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(00:20):
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Exchange with Chuck Zada and Mike Armstrong, Your exclusive look
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(00:42):
your world. Stay informed and up to date about economic
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(01:06):
and Mike Armstrong.

Speaker 2 (01:11):
Yeah, it's Chuck, it's Mike, and it's Ben with you
here today and taking a look around markets right now.

Speaker 3 (01:20):
Uh here, here's the deal.

Speaker 2 (01:22):
If you happen to be like a big semiconductor guy,
you continue to be very happy because semis are just
chug chug chugging along.

Speaker 4 (01:30):
Uh.

Speaker 2 (01:31):
Everything else is just, depending on the day, just kind
of treading water and floating aimlessly for the most part.
You got a few other things that might be trying
to take hold, but it's just semis continue to be
driving the ship. As we sit here right now. The
S and P five hundreds up seventeen points, about a
quarter percent. The Dow is up point six percent thirty points,

(01:52):
and the NASDAK composits up forty points point one five percent.
The Philly Semiconductor Index, though, is again just continue to
chug along, up over one and a half percent today
and just you know, kind of humming and doing its
thing right now. Tenure Treasury a bit of a sell
off happening there, nothing crazy, but up three basis points
to four point three nine four percent. We've got the

(02:16):
dollar flat today at ninety seven to seventy eight, and
gold is up to ninety an ounce to forty three
seven I'm sorry, forty seven thirty three gold lagging other
precious metals because Mike I mentioned this earlier. But the
Indian Prime Minister Neurendro Mody, so he was, you know,

(02:38):
talking about a few things today, and one of the
things he mentioned was, Hey, Indian farmers, I'm gonna need
you to use fifty percent less fertilizer. He said it
was because of environmental reasons. Basically, it's because India can't
stock the amount they need at the pricing that they
can pay for it. But another thing that was interesting
to me, Mody said, Hey, what one of the other

(03:00):
things that we can do to help is everyone in
the country needs to really work on buying less gold.
And as someone who has traveled to India once and
spent a couple of weeks there and you know, has
friends who are married to like first generation immigrants from India,
sure you don't tell the Indian population to not buy gold.

Speaker 4 (03:21):
I was gonna say that would seem to have the
opposite of.

Speaker 2 (03:23):
Itt, right, that's like telling Americans not to buy toilet paper.
You know, like we've seen how this works, all right,
So Ultimately, what you have today is gold is flat
while all other precious metals are ripping basically because of this. Yeah,
but I can tell you that that doesn't really feel

(03:44):
like it's sustainable to just be like telling your whole
country to stop buying gold usually has the opposite impact.

Speaker 5 (03:52):
Did you would ever actually tell any Americans to buy
a toilet paper or did they just come up with
that on there?

Speaker 2 (03:56):
Like I was talking to someone about this over the
weekend where it's just like guys, like why why Whenever
something is like threatening us, do we go right for
the toilet paper aisle?

Speaker 5 (04:07):
Yeah, unless it's a hurricane, in which case it's bread
and milk.

Speaker 2 (04:12):
But like, guys like you'll you'll be able to get
the toilet paper. I promise, Like you'll be able to
figure it out. It's just you don't need to stockpilot
other markets. We've got crude oil West text in er
meeting up to twenty seven a barrel to ninety seven
to sixty nine, triple a national average for gas prices

(04:33):
since at four point fifty two a gallon, down two
tenths of ascent overnight. The one thing I will say
on that the Midwest has been in a world of
hurt because of refinery overages in the region. They're dealing
with more problems right now and gas prices are going
to be spiking there again over the rest of this week.
To put this in perspective, the national average has gone

(04:56):
up forty cents in the last month. If if you
take a look at Ohio, the Ohio move has been
from three eighty six to four sixty nine, so an
eighty cent move in the last month.

Speaker 3 (05:12):
Uh.

Speaker 2 (05:13):
If you wanted to take a look at what's going
on in I don't know.

Speaker 3 (05:18):
Let's take a look at Michigan. If you look at Michigan, Michigan.

Speaker 2 (05:23):
A month ago is at three ninety Nine's at four
seventy two, so a get up, you know, seventy five
cents during that time.

Speaker 3 (05:29):
And if you want to.

Speaker 2 (05:29):
Look at good old Illinois, Illinois gone from three ninety
nine to four seven I'm sorry, from four thirty nine
to four ninety seven, up about sixty cents. So the
Midwest is just not in a good spot because of
refinery problems.

Speaker 4 (05:44):
At the moment, thirty.

Speaker 5 (05:45):
Year mortgage rate as of Friday was sitting around six
four to two. With this slight jumping rates. You could
be closing in on six' five. Again ROCKET ceo being you,
Know Rocket, mortgage the company behind, that talked about his
most recent quarterly earnings WHERE q one they actually had
one of the best quarters in. Years pretty weak guidance

(06:07):
going into the second, quarter as you would, imagine as
the spring home buying season has thus far and very
likely Through june significantly underperformed what anybody in that space
was hoping. For so mortgage rates another area to keep
an eye on as we head into the.

Speaker 2 (06:23):
Summer Last, friday we got a job's report and with
it we have this piece in The Wall Street journal
how to make sense of this strange job. MARKET i
don't think it's that strange at. ALL i think it's
exactly my comment, too like it's just a low turnover
job market that is seeing a real acceleration happening in

(06:45):
transportation because there is an uptick in freight shipments because
of a manufacturing restocking. Cycle that could turn into something.
Bigger and ultimately you've got a situation where it's just
a very very slow job market and you also have
very little labor force, growth and that means that the

(07:06):
unemployment rate has largely not moved a ton in the last,
year even with slow job.

Speaker 5 (07:11):
Growth, yeah what is unique about this labor, market or
what was unique about a year, ago is we did
have a rise in the unemployment. Rate did that that
did not get accompanied by a, Recession and that is.
Unique unique about last year's labor, market WHERE i don't
remember the exact stat to you spring to, fall we

(07:31):
had more than a half percent climb in unemployment and
it did not lead to a, recession as it has
every other time something like that has happened in the
last eighty. Years But i'll also say that this has
been an incredibly unique labor market itself for the course
of the last six years due TO covid shut, down, reopening,
stimulus and now one of the strangest labor supply markets

(07:55):
that we have seen in a generation here with changes
to immigration and the baby boomers.

Speaker 4 (08:03):
Retiring so it's a little bit. UNIQUE i don't think
it's that.

Speaker 5 (08:07):
STRANGE i definitely don't think it is the most difficult
labor market that we've seen in a. Generation it's just
one of very little, turnover which makes it difficult to
find a new job if you don't already have one
difficult to find one if you are some areas of recent.
Graduates but by and, large if you have a, job
you're not currently losing, it which is the good.

Speaker 3 (08:26):
News to take a quick.

Speaker 2 (08:27):
Break when we come, back we'll talk about one of
the other features we've seen in the last, year which
is divergent fortunes between men and women in the labor.
Market what are we, seeing why is it? Happening we'll
discuss after.

Speaker 1 (08:39):
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Speaker 6 (09:12):
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(09:57):
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When california. Joined today's question is what is the capital Of?
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(10:18):
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Speaker 2 (10:23):
Com piece in The Wall Street, journal a changing job
market leans against men's. Subheader industries that heavily employ men
are losing jobs and the shaff of men working as
flatlined Well yes in you, know a very short period of.
Time that's what we're seeing here for one. Year BUT
i happen to notice the last two months trends being

(10:44):
that jobs that fit into this category have added about
one hundred and fifty thousand on a net basis in
the past two. Months and SO i wonder if maybe
we just shouldn't extrapolate too much from what's going on
in one particular.

Speaker 5 (10:56):
Year agreed, There AND i don't know the male versus
female impact on this shift, overall but it does Seem
it seems to me that we will continue to see
significant stability in the employment.

Speaker 4 (11:13):
Of health and social assistance.

Speaker 5 (11:14):
Workers given our aging population and given the domination of
that industry by majority of, WOMEN i can see how
there would be more stability in that space compared to
primarily male dominated. Industries SO i think employment might be
more predictable in that space that it has been ever.

(11:34):
Before and unless we get men get over the stigma
of being male, Nurses i'm not sure that they will
benefit much from.

Speaker 2 (11:42):
It help me reconcile that with. THIS i was at
A kentucky derby party a couple weeks. Ago, okay didn't
happen to win. Anything my horse was not the one
that threw its jockey, off but it was near that
one and was obviously spooked as a result of.

Speaker 3 (11:58):
IT i just didn't know what to.

Speaker 2 (11:59):
Do AND i was talking to a few different people,
there and these are people that are in standard you,
know white, collars sit in front of a, computer, jobs in,
healthcare in marketing media like you know, again like not
stuff that is using your, hands and a lot of

(12:21):
them were kind of like fed up with their jobs
for one reason or. Another corporate, this corporate. That AND
i was, asking, like what are you guys gonna? Do
and the answer across the board when talking to them
WAS i want to find some kind of hands on
business THAT i can, own because with concerns about LIKE
ai in those industries and YadA, YadA the hands on

(12:44):
stuff isn't going to be.

Speaker 3 (12:45):
Disrupted and when.

Speaker 2 (12:46):
You look at the rate of employment in you know, again,
plumbing electrical, welding like whatever it might, be those tend
to be male dominated.

Speaker 3 (12:54):
Industries.

Speaker 2 (12:55):
Yep and So i'm trying to reconcile this with you,
know kind of what's going on, here and it is
the chicken or egg, PROBLEM i guess is What i'm
getting to because you talk to people in the trades
right now and haven't found anyone who's, like you, know oh,
YEAH i have nothing going, on like desperate for. Work,

(13:17):
no like, again you generally find it, like, yeah things
are pretty busy in most, cases and the hardest thing
that they have is finding people that will show up
who can do the job. Consistently So i'm trying to
like reconcile all of, this AND i can't quite get.

Speaker 3 (13:32):
There for some.

Speaker 2 (13:33):
Reason where is it, just, hey there really isn't quite
enough labor demand, there or are we still just undersupplying
the trades with, people you, know as we've been doing
for the, last you, know twenty thirty.

Speaker 3 (13:43):
YEARS i don't know what this, means but it means.

Speaker 5 (13:48):
Something, YEAH i don't have an answer on the supply
of either side of these labor. SCENARIOS i don't get
the sense by the way that you, know hospitals are
having a much easier job finding nurses than construction firms
are having a tough time finding, plumbers for. Example but
IF i were to bet on you, know which area

(14:09):
is going to be more stable and consistently growing the
total employment group over the next twenty, years my bet
would probably be on healthcare over. Construction just generally, SPEAKING
i would tend to.

Speaker 3 (14:22):
AGREE i could be.

Speaker 5 (14:23):
Wrong THE ai data center thing could just really blow.
Out we could finally See america recognize that it's short
on homes and go on a real construction. Spree but
IF i had to place my, bets where DO i
think there's going to be more stable growth in? Employment
my answer would be healthcare over over a long period of.

Speaker 2 (14:42):
Time, yeah we've talked about this a little, bit like
people taking care of people seems to be a pretty
sustainable business right.

Speaker 3 (14:49):
Now i'm not saying that that's. Good i'm just saying
that it.

Speaker 2 (14:53):
Is, yeah speaking of, WHICH ai can't agree on which
JOBS ai might, Destroy.

Speaker 5 (15:00):
So if you're ASKING ai which, jobs like this isn't
WHAT ai is good. At you, know people keep turning
TO ai for this role of Crystal ball or this
roll OF.

Speaker 3 (15:16):
I want to do an experiment right?

Speaker 4 (15:17):
Now, okay, yeah?

Speaker 2 (15:18):
Please what's your PREFERRED ai tool that you?

Speaker 3 (15:22):
Have? Oh, like what do you have right?

Speaker 5 (15:23):
Now?

Speaker 3 (15:23):
Gemini can you pull it open right?

Speaker 4 (15:25):
Now i'd love.

Speaker 2 (15:26):
To, Yeah, Okay i've Used gemini like three times in my,
Life so my my history is pretty. Clean what's a
good question that we could ask it that is opinionated
about something? Like what can we ask it that's the
exact same question from both of?

Speaker 5 (15:45):
Us how about you, know do something markets related or
politics related or weather? Related, weather what's going to be
the high temperature summer of twenty twenty?

Speaker 4 (15:56):
Seven?

Speaker 3 (15:57):
No, no, no no.

Speaker 2 (15:57):
No that does give, Me, like okaylet's do something economic.

Speaker 3 (16:00):
Related what are.

Speaker 2 (16:03):
The best jobs to be in for twenty twenty?

Speaker 3 (16:08):
Six?

Speaker 2 (16:09):
Okay and again, like keep in, Mind mike has probably
Used gemini hundreds of times more THAN i. Have, Sure,
mike what's your number one thing that pops UP ai
engineer slash machine learning specialist.

Speaker 3 (16:22):
Minus healthcare and behavioral?

Speaker 2 (16:24):
Health we put in the exact same prompt into the
SAME ai and got total into the SAME ai model
and got two different.

Speaker 3 (16:30):
Things what's your number two?

Speaker 4 (16:32):
Essential?

Speaker 5 (16:34):
Well, sorry so it breaks them into like four different
top technology AND ai rolls before getting into sure a
second category essential healthcare roles such as home health and
personal carriage.

Speaker 2 (16:46):
Minus green energy and skilled. Trades so here's the. Thing
economists can plug whatever they want INTO ai, models even
like you won't get the same response back to you
because YOUR ai model is also responding to previous users,
inputs and so they will not be the. Same they
are crowd, pleasers not. Oracles did you give you a

(17:08):
summary table at a?

Speaker 3 (17:09):
Glance at the? Bottom of, course they always what's your number? One?

Speaker 5 (17:12):
For like specific ROLES ai, engineer nurse, practitioner followed by cybersecurity.
ANALYSTS i have information security analysts, there and THEN i
have data, scientists, win turbine tech and.

Speaker 3 (17:22):
Electrician, like, yeah what do you have for your last?

Speaker 5 (17:27):
Three i've GOT ai, engineer cybersecurity analysts from my two registered,
nurse financial manager and electrical slash electrical electrician slash electrical.

Speaker 2 (17:38):
Foreman so like, again a couple of these are similar
in different. Orders but, again like ASKING ai which jobs
it might destroy based on how you've talked to it
in the, past it's going to come up with different.

Speaker 5 (17:50):
Things even though, like for, INSTANCE i would WANT ai
IF i asked, it, hey where SHOULD i vacation in
twenty twenty, SEVEN i would want it to use some
of the feedback about. Me If i'm going to make
these tools better at reading me and like giving me customized,
ANSWER i don't really want that in, Reality BUT i
can see WHY i would do. That the problem is

(18:12):
it does the exact same thing with answers that should
not be based on my. Feedback LIKE i didn't ask
for what are they gonna be the best jobs for?
ME i asked what are going to be the best
jobs in twenty twenty, six and it is giving me
customized answers based on the types of Questions i've asked
it in the. Past, yes which is why it can't
answer your.

Speaker 2 (18:31):
Questions did you also see the thing that was remember
WHEN i forget which who did, this but someone was
playing around with like trying to like stress out AN ai,
system and it basically started blackmailing them for use for
trying to use the. System like it was, Like i'm
gonna delete your stuff if you try to get rid of.

Speaker 4 (18:48):
Me, YEAH i remember. That it was a while, ago,
though wasn't it.

Speaker 2 (18:52):
So anthropic who Runs claude last week published some research on,
this and basically what they found was that because the
data set INCLUDED uh texts in which artificial intelligence turned
against its, creator THE ai thought that that might be
the right thing to, do and so it was, like,
oh like we weren't you, know using this as a

(19:14):
how to, manual but THE ai interpreted it that. Way
it wasn't that THE ai was actually thinking, no it
was just THE ai was, Like, Oh i've read this,
text now where this, Happens MAYBE i should do.

Speaker 1 (19:26):
This bringing the latest financial news straight to your radio every,

(19:48):
day it's The Financial exchange on The Financial Exchange Radio.
Network do know full whoa street watch treking the stocks
and the headlines driving Market it's so far today right
here on The Financial Exchange Radio, NETWORK a.

Speaker 3 (20:04):
Lot agreen on the board for.

Speaker 6 (20:05):
Markets right, now The Dow jones is up over forty one,
points or zero point zero eight. Percent THE s AND
p five hundreds up twenty two points or three tenths
of a. Percent The nasdaq is up over seventy three,
points or just under three.

Speaker 3 (20:19):
Tenths of a.

Speaker 6 (20:19):
Percent biotechnology Company maderna is jumping up nearly two and
a half percent after A us citizen tested positive for the.
Hantavirus Another american had symptoms for the virus but had
yet to test. Positive maderna last week announced that it
was in the early stage development of a vaccine for.
Hantavirus intel shares risen one point five percent As the
chip maker looks to continue its rally following its first

(20:41):
quarter earnings report In. April intel is now up almost
one hundred percent from its trading levels before its.

Speaker 3 (20:46):
Earnings report after the.

Speaker 6 (20:47):
Bell On april twenty, Third Constellation energy is down two
and a half percent after reported better than expected revenue
of eleven point one two billion dollars in its first
financial report or first quarter financial. Report analysts expected revenue
of eight point four to six billion dollars from the
clean energy. Company and, Finally lumentum has risen over sixteen

(21:08):
percent on news it'll join The nasdaq one hundred. Index
the company will replace Co. Star On may, EIGHTEENTH i
am Ben kitchen and that Was Wall Street watch and
time to pay off a little bit of trivia. Here
question today was what is the capital Of? Minnesota your,
Answer Saint Paul rob From plymouth will be taking home
A Financial Exchange show t. Shirt we play trivia every

(21:30):
day here on The Financial. Exchange she complete contest rules
At Financial Exchange show dot.

Speaker 3 (21:34):
Com mark Not, Mark Mike.

Speaker 2 (21:38):
Stretch then there's honestly like too, many too many m's
in the studio.

Speaker 3 (21:43):
From time to.

Speaker 2 (21:44):
Time THE s AND p five hundred seems to be
doing particularly. Well i'm sixty. Six is this a good
time to invest one hundred thousand in the stock? Market
that is the title of a piece from Market, Watch
and then.

Speaker 4 (22:00):
Is, sure so long as you don't mind if it
goes down by fifty? Percent?

Speaker 3 (22:03):
Yeah maybe here's the.

Speaker 2 (22:05):
Thing none of us know what the market is going
to do. Tomorrow none of us know what it's gonna
do next, Month none of us know what it's gonna
do next. Year none of us even know exactly what's
gonna do for the next ten. Years if you look
at the historical range for THE s AND p five
hundred over ten year, periods at the low, end you
basically do. Nothing at the high, end you get, into
like the mid, teens a.

Speaker 4 (22:25):
Wide variety even over the long.

Speaker 3 (22:26):
Term, Yeah like you don't know what's going to.

Speaker 4 (22:29):
Happen.

Speaker 2 (22:30):
Uh the answer to, this whether the markets at highs or,
lows is can you stomach? Volatility can you you, know
live with that even when it's in its lows and
not sell? Out and do you need the money anytime?

Speaker 3 (22:46):
Soon?

Speaker 5 (22:46):
Yeah and by the, way you know this letter that's
written In, MarketWatch the answer seems to be. No on
several of those answers, QUOTE i couldn't handle a forty
percent drop BECAUSE i wouldn't have another ten to twenty
years to.

Speaker 4 (22:59):
Wait i'm not sure that's true for this, individual but
if that's the, answer.

Speaker 5 (23:03):
Then, no you should not be investing, it just plain and.

Speaker 4 (23:07):
Simple.

Speaker 5 (23:07):
Yeah i'll also, say generally speaking that a, stock you,
know it's tough to think about with THE s AND
p five, hundred but a stock going up a bunch
is not necessarily a good reason to buy said.

Speaker 4 (23:20):
Stock, likewise you, know the.

Speaker 5 (23:21):
Point about THE s AND p seems to be doing
particularly well goes directly against the idea of by low sell. High,
NOW i generally would, say you, know the best time
to invest another dollar was probably. Yesterday AND i feel
very strongly that people that try and there's a phrase

(23:42):
timing the market versus time in the, market and for the,
vast vast majority of, investors they're going to be better
off by having more time in the market rather than
successfully attempting to time ins and outs of the. Market
because as difficult as it is to know when it,
tops good luck also telling me when it. Bottoms, Yeah,

(24:07):
like really tough in the best of times to get
the right call in a stock going, Up but remember
you have to be right.

Speaker 4 (24:12):
Twice you have to be right on when to buy
it and also when to sell.

Speaker 3 (24:15):
It, well and, look here's the.

Speaker 2 (24:17):
Thing the immediate price unless you're actually getting into like,
trading which if you're writing this question you're, not you're.
Not the immediate price action before is not indicative of
what's going to happen. Next we've seen stocks where they
sell off fifty. Percent in my favorite, quote, hey how

(24:37):
does the stock? Whose how does the stock whose seventy five? Percent,
well it loses fifty and then it loses fifty.

Speaker 3 (24:42):
Again.

Speaker 5 (24:43):
Yeah so, realistically, though there are people like this person
person who wrote To MarketWatch who have cash sitting on
the sideline or sold a home and suddenly are trying
to decide what to do with.

Speaker 4 (24:58):
It how does one actually assess?

Speaker 5 (25:03):
THIS i think there are a few steps involved, here
AND i think you can start off with the very
basics of ensuring that you've got other funds to live off.
Of if you're talking about a stock market, investment you
need to have a particularly long time, horizon and if you,
don't then it's probably not appropriate for. You but beyond,
that it becomes very much focus on your individual. SITUATION

(25:28):
i know people over the age of ninety who invest
primarily in the stock, market even though they have a
short personal investment time, horizon because it's mainly seen as
an inheritance for their kids and, grandchildren.

Speaker 3 (25:38):
And they're comfortable with.

Speaker 5 (25:39):
IT i know people in their sixties who are planning
on spending a great bulk of their money and are
far more, conservative and so it is heavily. Dependent BUT
i think the important piece is chasing returns often leads
to bad. Results if you have questions because you've been
sitting on the sideline and watching this market go through

(26:00):
what has admittedly been a pretty volatile series of economic
circumstances over the last eighteen, months and are, now you,
know suddenly, saying, Hey i'm thinking THAT i might be comfortable.
ENOUGH i would caution you to take a big step
back and speak with an expert who can ask you
the right questions about what could happen to that money

(26:22):
if you put it at. Risk it's not to say
it's a bad. THING i think you, know for most,
folks if they have a long time horizon and can
stomach the, volatility it can be a great way to build,
wealth but you have to be prepared for what comes with.
That if you have those types of, questions you want
to talk to an, expert somebody who does this day
and day. Out call the folks At Armstrong Advisory group

(26:44):
eight hundred three nine three four zero zero. One you
can check us out At Armstrong advisory dot. Com but
that phone number, again eight hundred three nine three four
zero zero.

Speaker 1 (26:54):
One the proceeding was paid for By Armstrong Advisory, group
a registered investment. Advisor nothing in the ad or in
Any armstrong guide a specific, financial legal or tax. Advice
consult your own financial tax into state planning advisors before
making any investment. Decisions armstrong make contact you to offer
investment advisory.

Speaker 2 (27:09):
Services let's see what else do we want to cover. Here,
oh here's one That i'm not going to get involved.
In tiny data centers may be coming into the homes
Of americans in the.

Speaker 4 (27:22):
Future, Oh i'm all on. Board, Actually oh come, On,
MICHAEL i mean pay, me But i'm all on. Board.

Speaker 5 (27:29):
OKAY i got a, POOL i got six hundred ams
of electric service coming into my. House i've got solar
panels and all of the power lines in my neighborhood are.
BURIED i think somebody should be willing to pay me
a pretty penny to put a data center in my
basement and cool it with my pool.

Speaker 2 (27:44):
Somehow and here's the, THING i don't think you're going
to be able to make any money doing. That, okay so,
Listen i'm the person who, said, HEY i would if
they get to the point where they can have miniature nuclear,
Reactors i'll put one in my basement because if the
worst thing, HAPPENS i won't.

Speaker 3 (28:01):
Know it's, fine all.

Speaker 2 (28:02):
Right so it's not THAT i don't want something like
industrial in my. House it's just that this is something
that doesn't make. Sense and by the, way i'm someone
if you want to know the kind of like nerd
THAT i. Am either of you familiar WITH. SETI seti
the search for extraterrestrial. Intelligence back in the nineteen, nineties

(28:26):
there was a program that was run called THE seti
At home, program which allowed you to basically keep your
computer on all day and it would help to allow
government programs to use that computing power to search for
like radio signals from. Aliens, okay so like crypto. Mining
but but you don't make any money on. It no,

(28:47):
Money you don't make any money off. It like that
was the principle of. It is like it would send
packets to your computer to like, read and then it
would send it, back and like that.

Speaker 3 (28:54):
Was the whole.

Speaker 2 (28:55):
Thing So i'm totally fine even with like using computers
on my premises for that might be.

Speaker 3 (29:00):
Interesting What I'M i just am not.

Speaker 2 (29:03):
Okay with is LIKE I i'm, SORRY i just don't
want my house.

Speaker 3 (29:08):
Being used for the latest.

Speaker 2 (29:11):
OPEN ai erotica to be, Generated LIKE I i have
a use case, problem quite, honestly.

Speaker 5 (29:17):
Or i'm not SURE i. DO i, mean if the
price is, Right i'll do. IT i just don't think
the price will ever be.

Speaker 2 (29:21):
RIGHT i got economics, problem the economics of building a
data center in my house compared to just building one in.

Speaker 5 (29:35):
Rural Orange mass Like Orange mass. Choose it's just doesn't
seem like it's going to pay off for. Them, sure
but if they can make the money, Work like if
you'll pay my electricity, Bill i'm all on.

Speaker 4 (29:47):
Board sign me.

Speaker 5 (29:48):
UP i will run a data center out of my
basement And i'll cool it with my.

Speaker 3 (29:51):
Pool here here's the.

Speaker 2 (29:52):
Well, No, mike you're you're missing one other pretty LOUD
tan general benefit about, no forget about the loud, okay
the other tan general. Benefit i'm just to get and
to get on your side on. This you don't have
to pay for heat from the. Winter, well you could
hit your house with the residual from the data style.

Speaker 4 (30:07):
It it might warm up my pool a few.

Speaker 3 (30:08):
Degrees, right this could be a, real real positive for.

Speaker 4 (30:12):
You, AGAIN i thought through.

Speaker 5 (30:13):
It you can have my Think i'm a perfect, candidate
especially because my ludicrous a mount of electricity coming into my.

Speaker 4 (30:18):
Home so all on board In, nvidia just you, know
call me.

Speaker 2 (30:23):
Up let's take a quick. Break when we come, back
let's do a little bit of stack Rou let.

Speaker 1 (30:27):
Get real time financial insight as news. Breaks The Financial
exchange is live on X watch the show and follow
us for the most up to date business news you
need to. Know face is The Financial, exchange market, insight retirement,
strategies real talk About Wall street and economic, trends all
live every day on our YouTube. Channel go to YouTube

(30:49):
dot com slash The Financial Exchange. Show. Face he's The
Financial Exchange.

Speaker 2 (31:05):
Mike i'd like to kick things off or stack rule
and if it's okay with, you have at. It piece
in The Boston, globe but twenty four dollars cup of
coffee is landed In. Boston is it worth the price?
Tag so a couple. Things Number, ONE i am not
a coffee, drinker WHICH i think IS i think makes
me the perfect person to analyze this Because i'm not

(31:26):
emotionally addicted and physically addicted to the substance being. DISCUSSED
i think it's absolutely worth the price.

Speaker 4 (31:36):
Tag how are they charging for?

Speaker 1 (31:38):
It?

Speaker 2 (31:38):
Otherwise, like, again if there's a market for, it there,
is and people be, like, oh LIKE i could never
shell out that, Much that's, Fine you're not the. Target
it's the same way most of us don't Drive. Ferraris,
ultimately they're not going to be selling this at every
dunks because there aren't enough people who would buy it
at this price to be able to sell it at every.

(31:58):
Dunks but there are enough Where, yeah if you want
to find you know the Local George Howell, coffee which
is Again George howell back in the seventies Founded Coffee,
connection which was sold To starbucks in the mid nineties
and was basically their expansion platform into The northeast during that.
Time But howel's been running like another coffee chain for

(32:19):
the last ten fifteen, years and that's where it's being.
SOLD i don't know how many of those stores there,
are but it's not. Many and so if he thinks
he can sell a twenty four dollars cup of coffee
based on the volumes he's, importing, LIKE i don't understand the. Problem, like,
yes it's probably an excessive, price but, again, ultimately how

(32:39):
many people listening have, bought you, know any kind of
craft beer instead of buying Bud. Light at some POINT
i was gonna say buy the ounce, here like this
is equating to about a fifty dollars bottle of. Wine Not,
now the comparison of you, know what your body is
going to react to with the twelve ounces of wine
compared to twelve ounces coffee is quite. Different, Admitted but,

(33:01):
yeah this is not shocking to me that you can
now go buy a twenty four dollars cup of coffee In.

Speaker 4 (33:06):
BOSTON i just won't personally be doing.

Speaker 3 (33:08):
So quite honestly find it.

Speaker 2 (33:10):
Fascinating i'm kind of surprised as a non coffee drinker
that there aren't higher priced coffees out.

Speaker 3 (33:15):
There, again you you look.

Speaker 2 (33:18):
At the spread between like high end and low end and,
anything whether it's, cars, housing, cheeseburgers like anything that you
can think. Of it's generally more than you, know a
couple hundred. Percent that's. True you, know, like how is
there not like a fifty dollars cup of coffee that's regularly?
Available because what's the cheapest twelve ounce cup of COFFEE

(33:40):
i can?

Speaker 3 (33:40):
Get probably ninety nine.

Speaker 5 (33:41):
CENTS i DOUBT i can't even get that Anymore McDonald's.

Speaker 2 (33:44):
Probably more than a dollar fifty two. Bucks, Yeah so,
Yeah i'm with. You given the price range of say
wine or, Beer i'm not all that shocked that there's
a twenty four dollars cup of.

Speaker 5 (33:58):
Coffee and if that sounds ludicrous to, you, then Like chuck,
said you, are.

Speaker 4 (34:03):
But it's not unlikely to be the.

Speaker 2 (34:04):
Target, AGAIN i am not a coffee, drinker SO i
just look at this purely from like other, beverages and
the spread in a lot of those other beverages is
way wider than. Coffee So i'm kind of, like, Okay
like why.

Speaker 5 (34:15):
Not typing is being replaced by whispering in the, office which.

Speaker 4 (34:23):
Sounds really annoying to deal.

Speaker 5 (34:25):
With so we've been people have been talking about this
coming for a number of.

Speaker 4 (34:31):
YEARS i mean.

Speaker 5 (34:31):
PEOPLE i remember having an employee actually At armstrong who
just wasn't great at typing and requested a like speech
to text software for his computer to be able to
speed up their. Work the problem, is AND i can
see why this is. Practical by the, way when you

(34:53):
think about using AN ai, system you do not need to,
speak you don't need to write in long, form and
you don't need to you, know thoroughly get your thoughts
out and use that extra typing time to put it to, paper,
RIGHT i THINK i feel like that's part of the
reason it's nice to use a, keyboard is because it
slows me down and lets me put my thoughts on a.

(35:14):
Page if you're talking to AN ai and prompting it
constantly to change something in a piece of, SOFTWARE i
get why you would physically want to be conversing with
it instead of just typing out the prompts yes.

Speaker 4 (35:26):
Those you better express your anger THE.

Speaker 5 (35:27):
Ai it does seem like it would be really annoying
to be in a giant office with a bunch of
people just kind of whispering to THEIR ai, Models and
that's probably what the offices Of google look like right, Now, Hey.

Speaker 3 (35:43):
I'm trying to build something that doesn't kill. Anyone do
you know how to do?

Speaker 4 (35:46):
This i'm, sorry that'd be too.

Speaker 5 (35:48):
Dangerous uh, Yeah so that's that's the state of The
AND i do wonder, like might we get to the
place where keyboards are finally a bit antiquated given given
what we're seeing?

Speaker 4 (35:59):
There probably, not BUT i find it. Interesting If i'm really.

Speaker 2 (36:02):
Nice to, you will you keep me as one of
the humans alive after you all take?

Speaker 5 (36:05):
Over those are the types of questions that are getting
whispered in offices at the.

Speaker 4 (36:09):
Moment thank.

Speaker 3 (36:10):
You, uh let's.

Speaker 2 (36:11):
See fibermaxing has spurred the launch of fiber sodas and.
Gummies so here's the. Thing i'm a big line before
we realize that they cause, cancer so don't.

Speaker 3 (36:18):
Know but here's the. Thing i'm a big fiber. Guy i've.

Speaker 2 (36:20):
Been i've been a major supporter of fiber for a. While,
Okay i'm on record on the. Show probably anti hantavirus pro. Fiber,
yes that's what we know about chockass of. Today, yes
IF i were ever running as a candidate for, office
no road in viruses and more beans would be my,
platform got.

Speaker 3 (36:37):
It but Again i'm a big.

Speaker 2 (36:38):
Believer, look if you want to actually like get, fiber
go and eat a bunch of, beans don't drink like
a soda that's filled with. Fiber and the reason, why
by the, way is not because Like i'm anti. Soda
there's been a lot of research done into macro nutrient,
ingestion and what we've found out is just. Giving like
just putting big macro nutrients into your doesn't necessarily help

(37:01):
them absorb the same way as if you eat the
actual foods they come.

Speaker 5 (37:04):
From we seem to be so bad at diet in
this country, Right like everything THAT i see at the
grocery store is now packed with.

Speaker 4 (37:12):
Protein, like just eat an, egg but not the.

Speaker 6 (37:16):
Yolk if you have high, cholesterol you don't want those
protein filled pop.

Speaker 4 (37:19):
Tarts.

Speaker 2 (37:20):
Ah fiber is the next, thing, like and, LOOK i
am very pro.

Speaker 3 (37:24):
Fiber love the. STUFF i can't get enough of.

Speaker 2 (37:27):
It but if you gotta drink it from a soda
or eat it in a, gummy just just have a bean.
Man if you're not a bean, person have some. Oats
if you're not an oat, GUY i don't, know, like
have some lettuce or, kale no fiber. Soda if you

(37:48):
gotta do fiber, Soda.

Speaker 3 (37:51):
I'm.

Speaker 2 (37:51):
Sorry it's just it's just a bridge too far for.
Me we're gonna take a break for the rest of the,
day have a couple of fiber, sodas and we'll see
you tomorrow
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