Episode Transcript
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Speaker 1 (00:02):
A lot of one hundred studios here in southern California.
That is the incredibly talented Date Trader trio. We are lucky,
too lucky enough to have in studio with us on Costa.
Mary B. Godwin is here. Cassidy Smith our guest host
for the day. It is another edition of Nunya. We
(00:25):
call it Nana. When Sully is not here. Once again,
his eye fell out. He had to go to the
eye doctors.
Speaker 2 (00:33):
Once again.
Speaker 3 (00:33):
Once again, his other I fell out.
Speaker 1 (00:35):
Wow, somebody said that. Somebody said that to me a
long time ago, and I said, hey, where's your wife?
And she goes, well, she's at the eye doctor. I
go oh, And he pauses and he says her eye
fell out. And I just like, oh my god, that's
the greatest thing. So I abuse it and I beat it.
Speaker 4 (00:52):
Today I have a gross visual I don't want to
think about.
Speaker 3 (00:55):
I don't want to fill out. All right, let's uh,
let's talk, let's do how he thinks about this.
Speaker 1 (01:01):
I was gonna say, let's talk some markets, let's talk
some finance. He is our market analyst extraordinary here on
the Big BIS Show. How he font once again with
us from New York. How are my friend? How are
you good?
Speaker 5 (01:14):
I'm happy to be on Nania as always Nania plus.
Speaker 1 (01:17):
We'll get us plus.
Speaker 3 (01:18):
I love it. Yes two point zero.
Speaker 1 (01:20):
Hey, what are we to make of Trump's big trip
to Scotland? What's going on with Japan, what's going on
with the EU? All of these incredible deals that are
going on. China now apparently is even coming to the table.
What a make of all of it?
Speaker 6 (01:37):
Yeah, So there have been arap updates, and that's important
because not having them would kind of create some chaos
in the market. There's this August first deadline for most countries.
There's a couple of exceptions. One just nounce today's Mexico,
another China. We're rolling those as individual negotiations, but many
(01:57):
many countries we're going to have those April first, Liberation
Day level tariffs, those punitive levels of tariffs put on
if they didn't reach a deal. So in the last
week there's been tentative deals with the EU, with Japan,
with South Korea.
Speaker 5 (02:15):
India is being held up and we'll probably we'll probably
have big tariffs on them.
Speaker 6 (02:22):
And we are, like I said, are waiting on China
and Mexico.
Speaker 5 (02:25):
But those have been pushed forward. Canada is also up
in the air, he seem, when aren't they want to fight? Yeah, exactly.
Speaker 4 (02:34):
So we're supposed to they are supposed to have deals
made by the first which is tomorrow, I think so.
And if they don't, you're saying, there's gonna be some
punitive numbers.
Speaker 3 (02:45):
What are we looking at? What are those percentages looking for?
Speaker 7 (02:48):
Yeah?
Speaker 6 (02:48):
So those were some of the larger crazier numbers that
we saw back in April when everyone kind of freaked
out in the market dumped, when we were seeing tariff
rates in the thirties, forties, fifties, seventy one hundred plus percent,
And they were doing that in kind of fake, fake
ish math kind of way. They were just taking the
(03:09):
trade deficit that we have with them and the and
doing that as a percentage of trade and saying, Nope,
that's our that's our tariff with you. Uh you know
you have a trade deficit with McDonald's or or.
Speaker 1 (03:22):
Now do you know? Yeah?
Speaker 6 (03:25):
So, I mean, Mike, you you McDonald's never gives you money.
You only give them money, so you have you have
one hundred percent uh you know, trade trade deficit with them? Oh,
under the Trump plan, that would mean there'd be a
fifty uh tariff on on McDonald's fifteen or fifty fifty
(03:46):
fifty half they cut they take the trade deficit and
then cut it in half.
Speaker 3 (03:51):
So what does it look like for the markets?
Speaker 4 (03:54):
Uh, if we're you know, we don't reach these deals
in these large tras.
Speaker 5 (03:59):
Long term is not going to be good.
Speaker 6 (04:02):
I believe, you know, Sally sa says different, But I
think that in the end, companies will not just let
the price increases from tariffs make their profit margins smaller.
They'll pass the month to consumers as long as the
market can bear it.
Speaker 5 (04:18):
So I think we'll see that in the long run.
While while we haven't known.
Speaker 6 (04:22):
What the effective rate is, companies like Walmart and Hershey's
is a great example, have been absorbing the.
Speaker 5 (04:28):
Cost of of the tariff.
Speaker 6 (04:30):
But that that is a short term effect, I believe,
and it's that's a pretty non controversial opinion.
Speaker 5 (04:37):
It is an opinion, but just want to put that
out there.
Speaker 6 (04:41):
And and when we see, you know, the certainty in
the market increase, then things are going to stabilize, and
there's that that's a good thing in.
Speaker 5 (04:48):
The short term. The actual long term economic effect.
Speaker 6 (04:51):
Will probably lower the long term stock market, but it's
good for now that we have certainty around what these
deals are.
Speaker 1 (04:58):
Howie Fought is our big, big show market analyst. How
I know Cassidy has a question about investing at her
age here in a second. But as far as you know,
the terroriffs and what is going on, is this one
of the reasons Powell refuses to lower the rate at
the moment.
Speaker 6 (05:18):
Well, the Fed has two mandates, and I know we
talked about this a lot so ago. Quickly, One they
have to make sure that the economy is of full employment,
and then two they have to.
Speaker 5 (05:27):
Keep prices stable.
Speaker 6 (05:28):
Those actually kind of like contradict each other because wages
are a price, so if you keep them stable, you
might not be able to affect employment.
Speaker 5 (05:38):
But that's a bigger conversation.
Speaker 6 (05:41):
Well, I think the tariffs and the interest rates are
connected because of that uncertainty we're talking about. If the
President does a big move when it comes to tariffs
and that shocks the economy, then they're going to want
to keep rates higher where they are, so they have
some sort of of policy aim if they are able to, uh,
(06:03):
you know, if they have to try to bolster the
economy later, but once they're confident that tariffs are staying
where they are and that the inflation data is not
going to change everything that we talk about every week
is not going to change, then they'll slowly low over tariff.
Speaker 5 (06:18):
So we're still expecting two cuts this year.
Speaker 6 (06:21):
Probably at the September meeting there'll be a twenty five
basis point cut.
Speaker 5 (06:25):
But you know it's the uncertainty question, gotcha?
Speaker 3 (06:28):
Yeah, Howie?
Speaker 2 (06:29):
Like I said, I'm a twenty year old college student
and I kind of know nothing about investing credit scores.
Speaker 1 (06:36):
And I'm sure welcome to my world six Sorry interrupt
and positive.
Speaker 2 (06:41):
Most kids my age don't know what any of that
even means. So how you know what's a good way
for kids like me and college students like me to
start investing in a way where we stop using Apple pay,
like Apple is the one paying.
Speaker 1 (06:57):
Yeah, how we asked your question? Sorry, what's what is it?
What's a good toe in the water, maybe a first
step for a college student some in Cassidy's age.
Speaker 6 (07:06):
Yeah, I think I think the good first step is
the emergency fund, and a small one at the college age.
I'd say you scrapped together one or two thousand dollars.
You put that somewhere besides your checking account of your age.
I really like, don't mind where you know you can.
You can do a money market fund, you can do
(07:27):
a savings account. We talk about a lot of options.
Speaker 5 (07:30):
That you know you can use.
Speaker 6 (07:32):
I wouldn't invest that. I would just practice saving and
build that up. Then I would gather probably about five
thousand dollars in your next trunch, and then then you
can start investing in the S and P five hundred.
And that can just be you know, one hundred dollars
a month or something like that if you're working, maybe
(07:52):
less than that if you're you know, on student loans
in your own I.
Speaker 5 (07:56):
But to do that.
Speaker 6 (07:56):
But if you are working and you have an income,
if you can try and squeal fifty one hundred whatever.
It is just a consistent amount of money into the
market broadly.
Speaker 5 (08:06):
You know, a low cost.
Speaker 6 (08:08):
Etf like a voo or spy something like that that
gets the broad market, and that that'll just you want
to start as early as possible.
Speaker 5 (08:16):
Compound interest as your friend.
Speaker 6 (08:18):
So getting in that habit, so one saving and two
dollar house to average investing.
Speaker 1 (08:22):
You know, we're gonna look back on this moment. Ten
to fifteen years from now, she's gonna be a multi
millionaire and I'd be sitting here going where was how
we fought when I was twenty years old? You know,
sicking it a bank.
Speaker 6 (08:34):
If you cassidy, if you put ten thousand dollars away
right now. I know that's a big number, but let
me just show you the example.
Speaker 5 (08:41):
Ten thousand dollars right now.
Speaker 6 (08:43):
In eighteen years in the market compounding, it'll be half
a million dollars. That's really important money. I mean, you know,
so starting early is really important.
Speaker 2 (08:56):
Step one, get ten thousand dollars.
Speaker 5 (09:00):
Well, listen, rob bank, everyone starts somewhere.
Speaker 1 (09:02):
Step two, dodge police. Step three invest the money. How
I font is our big bi show market analyst, Howie
with what's going on right now from an economic standpoint.
You know, you were talking about the terroriffs, You're talking
about the FED, whether the rate's going to go up
or down, that type of thing, And it just seems
that the polar opposite sides these tariffs are going to
(09:23):
be great, These terroifts are going to sink our economy.
It's so hard to get that straight down the middle
of the road type of answer of how it's going
to affect us for the next let's let's say for
the next year or so. I know it's going to
be very important as we get into the midterms and
of course heading into the twenty twenty eight presidential election.
But your thought, your mindset is this eventually is going
(09:45):
to come back and bite us in the butt.
Speaker 6 (09:49):
So you can't catastrophize either scenario. Okay, it's just about
what's the optimal. I mean, we're an optimized economy. We're
the largest economy on the planet. We're a very important
financial center for the world. We have the reserve currency,
so it matters if we devalue the currency with inflation
and we push price rises and we affect supply chains.
(10:11):
So I would say it's more about, you know, what's
optimal for the US. And you know, I think the
big debate that's been going on is free trade always.
Speaker 5 (10:20):
What's best for the US.
Speaker 6 (10:22):
It keeps the prices here low, which effectively means people
can get more stuff for their same salary. So if
we can lower prices as a country one percent on everything,
that's like giving everyone.
Speaker 5 (10:34):
A pay up.
Speaker 6 (10:35):
So that's been a powerful tool that we've had now
at the same time, if it hollows out your ability
to make stuff in the long term, you know that's
the cause of the debate.
Speaker 1 (10:45):
And how we fought, how he fought Baby show markets analysts.
We all can remember this day of the day he
made Cassidy Smith a millionaire. How he appreciate it. Thank
you as always, all right, keep it here. Lots more
to come with the Big BIS Show right after this,
this show rolls blocked one hundred studios. We are in
(11:05):
over one hundred and seventy five countries and all the
ships at sea on the American Forces Radio Network. As always,
to our brave men and women of the United States
Armed Forces, what you do, what you have done for us,
We salute you. You briefly saw the day Trader Trio
best in the business. As I always say, no lessons
self taught. It's a Nunya business episode today, Costa, Maryburg Godwin,
(11:31):
Cassidy Smith, our intern extraordinaire who will be leaving us shortly,
sitting at the desk with me, and we welcome Amber
Martinez to the show. A relatoor extraordinaire.
Speaker 7 (11:44):
How are you very good?
Speaker 8 (11:45):
Thank you for having me.
Speaker 1 (11:46):
We appreciate you coming in talking to little real estate
with us, when we'll get into how you got into
the real estate market, blah blah blah. But you know, everybody,
you see real estate in San Diego, you see real
state in southern California than California maybe across the nation.
Are we just so out of whack here in southern
(12:06):
California as far as prices are concerned.
Speaker 9 (12:09):
Our prices are a lot higher compared to everybody else's.
Speaker 8 (12:12):
But what we have to offer.
Speaker 9 (12:14):
We've got the ocean, We're not in the middle of America.
We have a lot of opera, overnity, the weather, location, location,
location is everything.
Speaker 8 (12:24):
So our prices are a little bit higher.
Speaker 9 (12:26):
We don't see the effects of all the prices dropping
down the way other people do. So yeah, our prices
are holding a little bit more steady.
Speaker 10 (12:36):
Yeah.
Speaker 4 (12:36):
I have a question about especially having cassidy here, because
when I was in my twenties, it was like, make
sure you buy a house and that's how you're going
to get in, you know, So what if I get
in the.
Speaker 1 (12:48):
Market and equity, yeah, Chris equity.
Speaker 4 (12:52):
And now in the last five years, I've heard people
out there say that maybe renting is better because you
don't have to then fix the roof if something's wrong,
or I just had to prepare the ac in my home.
So you know, as somebody in her twenties that is
going to graduate in a few years and be out
there is it's what's the recommended? I mean, you're a
real stir so you're going to say buy bye. But
(13:15):
you know what do people what should people be thinking about?
Speaker 9 (13:18):
So right now what I'm saying are a lot of
people buying, but they're older people buying multi generational houses,
looking for Adu's large yachts so that they lot so
that they can add on for the younger generations.
Speaker 1 (13:35):
Do you do you find that speaking of younger generations,
kids are living with their parents longer act just because
they cannot afford if they're going to buy. Everybody can
rent more or less, but because they cannot afford to
buy anything and stay in San Diego.
Speaker 9 (13:49):
Absolutely, the rent around here the average cost of a
single family home to rent is fifty five hundred dollars
a month, and most twenty year olds don't have that
in their back pocket for their deposits, to have every
single thing lined up for them and to consistently be
able to make the payment.
Speaker 8 (14:08):
Sure, So the best time to buy was yesterday.
Speaker 9 (14:12):
That's time to buy again is now if it makes
sense for you. So one thing that you need to
do is have somebody that actually is going to lay
out a net. She let you know realistically what you're
going to owe, what the bills are, what kind of
repairs are going to come up.
Speaker 8 (14:29):
A lot of people don't realize.
Speaker 9 (14:30):
You know, you've got plumbing, electrical issues, roof issues. If
you can't afford those repairs, you might have a hard time.
Speaker 1 (14:38):
Amber Martinez is with us in studio Amber Martinez dot
first team dot com. She is a longtime realtor here
in San Diego and in southern California. What is as
far as as far as Southern California is concerned, what
is there a most desirable place? But you know, obviously
I've had my choice. I'd be in big sir. You know,
(14:59):
some people will be moderaid, they'd be in car mail,
that type of thing. But for what does a million
dollars get you?
Speaker 9 (15:05):
In sand you're gonna get it depends on what kind
of a deal your person can get you.
Speaker 8 (15:11):
Okay, But for the most part.
Speaker 9 (15:14):
You're looking at a million dollars even for a two
bedroom condo, it's really hard to get out of that
million dollar price range. I've got a few.
Speaker 8 (15:24):
That are under a million dollars. Okay, contact me.
Speaker 9 (15:26):
I've got a really good deal of the week for
seven ninety nine.
Speaker 8 (15:31):
On the ocean right right.
Speaker 3 (15:33):
You have to you go more inland.
Speaker 9 (15:35):
To get so if you want the prices to come down,
you're gonna have to go away from the beach. But
if you think about it, if you're somewhere even in Vista,
it's a five to six minute drive and you're at
the beach, it's only a few miles away. There's some
hidden gems that are are located Inland Bonzels one of
them Ballbrook.
Speaker 8 (15:54):
You know they're there, Visa.
Speaker 1 (15:55):
Gotcha? Is there is there a part of California that
is I mean, could we say it is it is
untouched or it's the next hidden gym? Or has every
rock been been turned over?
Speaker 8 (16:09):
Our beach isn't growing any bigger.
Speaker 9 (16:11):
So what's happening is your ability to buy is getting
smaller and smaller because the opportunity of the there's not
enough houses on the market.
Speaker 8 (16:22):
The inventory is so low. Yeah, it's really hard.
Speaker 9 (16:26):
If you want a beachfront property, or you want to
be closer to the beach, you're going to have to
come up with your biggest best offer and you will
be up against a lot more offers if those rates,
at those market.
Speaker 3 (16:40):
Rates drop, are you thinking that they might?
Speaker 8 (16:43):
I can't predict the future.
Speaker 9 (16:44):
Everybody in San Diego is hoping, hoping, hoping.
Speaker 8 (16:48):
Honestly, right now.
Speaker 9 (16:50):
They're at about six point eight, so they have come down.
Speaker 8 (16:55):
So the buyers are out there.
Speaker 9 (16:57):
But when I go into my office and I look
at my list of what what what's available, the houses
that are for sale, the list is very small compared
to the amount of buyers that are out there. The
buyers are in full effect. So right now it is
definitely a seller's market. Sellers can come out right now
and get top dollar for their for their houses.
Speaker 1 (17:18):
So, Cassie, you're looking at maybe Oxford, Mississippi, as far
as your your first home, it's exactly there you go.
Amber Martinez is with us. She is a Southern California realator,
also sales in North uh North Cara, North Cara, California,
Northern California as well. Ambermartinez dot first Team dot com
(17:38):
as far as the real estate picture of a whole
in the United States, I mentioned Oxford, Mississippi, and I
say that because a lot of people are saying, hey,
Mississippi is like kind of a still an untouched area
of the United States, but as a whole, medium prices
of homes in the United States, what are we looking.
Speaker 9 (17:55):
About four hundred thousand for is the medium price? Four
hundred fifty thousand medium? And there's a lot of untouched places.
A lot of people here are moving to Tennessee, They're
going to Mississippi. They are all going after the land.
They want wells, they want space, they want bigger homes.
Speaker 1 (18:17):
With we want Southern cookings that they want. Yes, that's
why I'm moving to South kres.
Speaker 9 (18:21):
They don't want a seven hundred square foot seven hundred
and ninety nine thousand dollars a little tiny place that
they can't fit.
Speaker 1 (18:27):
R right, We've got about a minute left, So I mean,
what would you say as far as the outlook for
the real estate market, not only locally but in general
for maybe the next eighteen months or so, still continue
to be a seller's market.
Speaker 9 (18:41):
It goes both ways. It's really weird how it's fluctuating.
It's sellers, it can also turn into buyers. If those
prices start to drop and we see that those mortgage
rates start to come down, the prices, well, then you'll
be up against so many offers. It's going to be really, really,
really hard to get that offer accepted. So right now
(19:03):
is that time to put in your offer, Try to
refinance if those market rates come down. But that's the
best thing that you can do. Get in now. If not,
you're going to have a hard time. If opportunity just
isn't there that there's.
Speaker 1 (19:18):
Not enough on I know you're you're moving a lot
of property quickly. Do most offer I mean, how much
over are you seeing as far as from an initial
asking price and what the offer comes in.
Speaker 9 (19:31):
Uh, they're they're really close to to offer asking prices.
Back during COVID they were going hundreds of thousands over
because the mortgage rate had gone down so low.
Speaker 8 (19:42):
So right now is your time. That's all I can
tell you.
Speaker 1 (19:46):
Amber Martinez dot first team dot com. Will you come
back in and talk real estate?
Speaker 8 (19:51):
I would love to you. I have so much to
tell you.
Speaker 1 (19:53):
I love it. I love it. Yeah, check her out,
Amber Martinez. Amber Martinez dot First Team dot com. Right
much to come with a big V show. Keep in here, big.
Speaker 2 (20:09):
This show is on.
Speaker 1 (20:11):
We are in sunny California inside the Lockgow one hundred studios.
That is the Day Trader Trio, one third of the
band known as Sullivan. Back here at the bar, it's Costa,
it's Maryburg Godwin, it is Cassidy Smith, her last week
with us before she heads back to the University of
(20:33):
Tennessee for her junior year. Also at the bar, one
of our all time favorite people love it when this
guy drops in. He's a speaker, CEO, coach, consult chief launch officer,
Dan Dagroni. You can find him at dandegroney dot com
and a professor and Grandpa Dan Dan.
Speaker 11 (20:49):
Well, and got a grandpa.
Speaker 1 (20:51):
Sorry, so it's it's not gonna be Popa, It's not
gonna be Gras, It's gonna be Dan Dan.
Speaker 11 (20:57):
Yeah, no, forget no grandpa. What do you think came
up with it?
Speaker 7 (21:01):
Exactly?
Speaker 1 (21:03):
Not to me the last the last time you were
on with us last week, Right, I think you said, Hey,
I'm going to go be a grandpa or like what
because my granddaughter is being born today. Dan Dan is
officially the name how he will be addressed. You have
that power by everyone. Now you see your buddy. You
walked in Dan, Dan, How was it? I mean, what's it?
(21:26):
It's got to be amazing, right.
Speaker 11 (21:28):
It's surreal. I mean the magic of life, yes, right,
that a baby can grow and then come out and
be a human and be I mean like literally this
tiny and yeah, it's unbelievable. It's unbelievable. But yesterday, I
will say that I teared up when I went over
to deliver dinner and my son was holding her and
(21:50):
oh my god, it's so sweet.
Speaker 1 (21:53):
Oh you were and you were just there holding your kids.
Speaker 2 (21:56):
Yeah.
Speaker 11 (21:56):
Well no, and then.
Speaker 1 (22:00):
But the way that should blink and you're like, oh
my god, now I'm grandpa.
Speaker 11 (22:04):
Well now my grandpa is really hard to swallow. I
have to say, You'll get there.
Speaker 3 (22:09):
It's hard.
Speaker 1 (22:10):
Unfortunately, I will.
Speaker 11 (22:11):
It's like, oh my god.
Speaker 1 (22:13):
As my mom always said, the greatest thing about grandkids
is they go home at the end of the day.
Speaker 4 (22:17):
Yeah, you can spoil your granddad.
Speaker 1 (22:21):
Oh boy, I wonder like.
Speaker 11 (22:23):
Of course, I'm going to be inspirational and empowering and sweet,
Oh my.
Speaker 3 (22:34):
God, I love it.
Speaker 1 (22:35):
I'm going to teach her how to use chat g
BT tomorrow tomorrow.
Speaker 11 (22:42):
Well, Cassidy was telling me it's it's her best friend.
She's got pictures in her wallet of her holding Chatt's hand,
savor on your key chain or.
Speaker 2 (22:56):
Something like that. We like to keep it on the DAL.
Speaker 1 (23:00):
As far as our visual intelligence concerned. And we've had
this conversation with you, and there's a lot of people who, boy,
you better start loving and become one with AI because
it's here and it is the way of the future.
Speaker 11 (23:16):
Yeah, I mean I had that conversation yesterday. I almost
had goosebumps. I was talking to another old person, a boomer,
and they were sharing with me their experience that their
work is so much easier because they see chatchept as
their thought partner, and so when they're doing their work,
they're creating their proposals, they're creating curriculum. They're actually going
(23:36):
back to chat ChiPT and saying, no, push me harder
on that. I don't think that's right. Can you give
me some other kind of contrary opinions on that? And
how would you deal with that? And like really getting
in there having a conversation. Ye, she called it her
it I don't know what you call they whatever you
(23:57):
call it, your friend.
Speaker 2 (23:59):
He thought, part I'm glad you picked you, saying you'll
have a picture in your wallet. You guys, you're on
your way there.
Speaker 4 (24:11):
To ask that transition to like get it think of
it in terms of that, it was a little bit
of a leap.
Speaker 3 (24:15):
Well, for sure, how was it for you?
Speaker 4 (24:19):
It's just instinctual to yeah, like have conversations like that's
not exactly what I meant, so fix it, or we
talk to.
Speaker 2 (24:28):
I'm constantly talking to tagyby t. It's like my personal friend.
But like the other night, even I was I had
to take like a prebiotics supplement, a magnesium supplement and
then to like antibiotics, and I was like, chat like
am I gonna die? Like is this too much in
one night? And I was like, you've got this, You're fine,
just wind down and go to sleep. I'm like, okay,
(24:48):
we're good. So just as it was telling me, I
was like this is all nice. Then you've got this
with a yellow heart, and I was like, I've got it,
We're it.
Speaker 1 (25:00):
Sent you a yellow.
Speaker 2 (25:01):
Heart, said you've got this, yes, unlined, and go to sleep.
Nothing crazy is going to happen to you. You've got this.
Speaker 1 (25:07):
See my problem is I'm going to say, chat shebt, buddy,
if I jump out of a window, what's going to
happen when I hit the ground? And with my luck,
it's going to say, you're gonna bounce, man, you got
You're gonna be fine.
Speaker 11 (25:20):
I think you have to really, I mean, that's funny,
but not really, but it's funny. You have to really
push it, and you have to ask for sources and
you have to go back and forth. And that's what
my friend was saying, is that she's like, well, that
doesn't really sound right to me. What about this study?
What about what does Gallup say about that? What is
so and so say about that? What's the history of this?
(25:42):
And really kind of push it because sometimes it can
slack off a little bit. Yeah, and then it's mistakes.
And so I think learning as you are, embracing it
and learning to make it a partner and learning how
to talk to it is going to make you so
much better at work.
Speaker 2 (26:01):
Even when I'm taking I mean, I'm not really supposed
to say this, but if I'm taking a test and
I'm using CHAGBT as a personal assist, oh, I'll say like,
is this all accurate information? Like is this one hundred
percent accurate? And it'll go back and be like, actually
number twenty three is wrong. Sorry about that, Like let
me fix that and correct it, and I'll go back
if you.
Speaker 11 (26:19):
Push it or if you say no, that's not enough.
I've sometimes said that's really not the sentiment that I
was looking for or the and it will come back
with you're absolutely right, which is what I thank about it.
You're absolutely.
Speaker 3 (26:31):
I know my itinerary.
Speaker 4 (26:34):
And then I went back and I said, this is
what I've come up with after working with you. And
I said, this is a really fantastic ITINERI I said,
thank you very much.
Speaker 11 (26:41):
Yes, but and it gives great itinerary, it gives great travel.
Speaker 4 (26:45):
However, I said, I'd like this restaurant within a five
minute walking distance from here, and it gave it a
couple of None of them know they were like twenty
and I said, you were wrong, it was actually twenty.
Speaker 3 (26:57):
Miles, So can you please refine.
Speaker 4 (26:59):
I didn't say please, because I did hear it takes
extra energy for them to process please and thank you,
So I just command give me closer to and it
said I am sorry, and it did apologize.
Speaker 3 (27:10):
I make mistakes.
Speaker 4 (27:11):
Yeah, But I want to ask you this because I
had somebody do a presentation the other night at a
meeting and they were quoting pages from something and they
were floundering a little bit, and I was like, what
is going on with this presenter? And she admitted that
she used CHATCHYBT to find the three quotes that she
was using. She didn't research them on her own. She
(27:33):
just gave us the pages and didn't even look at.
Speaker 3 (27:37):
Them on a round.
Speaker 11 (27:37):
So that's bad.
Speaker 1 (27:38):
When she come across as I'm the expert on this.
Speaker 4 (27:41):
Yes, and then and then you could know something was
not right, and then so she it's not to be
used on its own.
Speaker 11 (27:49):
It's kind of like going to a wedding and having
it write your whole best man's speech, and really none
of it is actually curate or everyone knows you and
says that's not that's that is all. So you have
to really teach it right your personality. You have to
teach it what you do. And if you have the
paid version, you can get that really going in.
Speaker 3 (28:12):
So what's the difference with the paid that's the difference.
Speaker 11 (28:15):
It really starts to retain and calculate your presentation what
you do and learns from itself within instead of just
the version.
Speaker 2 (28:26):
I have a lot of friends who are logged into
my account. My best friend she's doing a summer school class,
and I was like, oh, I wonder what she's using
my chat gbt for. So I look. She had chat
gibt writ her write her her essay and then she
went back plugged her essay back into a different tab
and said, does this sound like AI that chat gibt generated.
And it was like, let me humanize this for you,
(28:48):
chat gibt humanizing its own chat gibt essay, your own
work at that point, like it's like you're doing the
same work.
Speaker 1 (28:57):
Dangrony dot com is this website? We love having an
UH with us here in studio. And you know you're
a professor class and correctly if you're wrong, if I'm wrong,
But you're cool with students using che well for all
sorts of stuff.
Speaker 11 (29:11):
I mean it's here in the workplace.
Speaker 1 (29:13):
How would you see you go to GBT.
Speaker 11 (29:15):
I mean maybe for an English teacher you're learning how
to write. Other than that, you need to learn how
to use it and embrace it because the workplace is
going to require that of you. Eventually they understand that
a human plus AI makes a superhuman right, and so
it's garbage in, garbage out. So we actually have to
(29:36):
teach the students and the young kids how to learn
with AI. How to ask it the right questions, how
to tell our friend to get off our chat, GBT
or whatever it is.
Speaker 4 (29:45):
Right, and how to not listen to it sometimes I
mean to say, to question it and say to.
Speaker 11 (29:50):
Think, yeah, how to think and use it as this
super fast, unique tool to be hand in hand to
help help you. But you got to do the thinking,
the driving.
Speaker 3 (30:03):
You do that sometimes.
Speaker 4 (30:03):
Sorry I interrupted, but you know, are you where are
you at with the questioning what it tells you?
Speaker 2 (30:08):
I mean there was a like when I first started
using it, it would like provide me with something. I just
take it, plug it in and I go back and
read it. I'm like, oh, it's kind of repeating itself,
like over and over. So I'll tell it like, don't
repeat yourself, don't sound redundant like you know, like yes,
make it unique and sound like my writing that I've
plugged into you before, you know. So it's like you
kind of have to learn how to get in the
Nickson cranes and like figure it out and not just
(30:30):
like be like do this, take this and turn it in.
Speaker 11 (30:33):
Yeah, garbage in, garbage out. You just say, refine this.
Speaker 1 (30:37):
I tell you what. The chat GBT wormhole has replaced
the YouTube wormhole. I just love sitting there and going
what can I do? I mean, whereat the world now
take me.
Speaker 11 (30:48):
I'm so glad you found a friend to talk back to.
Speaker 1 (30:50):
Thank god, finally I was tired of talking to my
dog Daniel. Always great to see you. Sorry, damn down.
All right, keep it here. Much more to come with
the big Vish up.
Speaker 7 (31:03):
M.
Speaker 1 (31:21):
It is the big This show wherever you're watching, wherever
you're listening is obviously we appreciate you being along for
this ride. Costa, Mary Bert Godwin, Cassidy Smith sitting in
for this episode of Don Yea. And of course that
wonderful music here in the background is the Day Trader
Trio Best. Yeah, we're going to talk with Patrick de
(31:43):
Haan from Gaspuddy here in one second, but I just
want to make mention of somebody who is also leaving us,
Christian Cybert, who has just been has been nails for
this show. A couple other different shows. One of those, yeah,
one of those, one of those great people that has
(32:04):
been working here at the lofto one hundred Studios for
a long time. Unfortunately, Christian is reporting for a prison term.
He was, uh yeah, so he's gonna be go. He's
gonna go work on a prison farm a couple of years,
take care of some parking tickets that he never paid. Uh.
But we really loved having here up until the point
he got arrested. So uh no, but get well, he's
(32:29):
living proof. Don't bame you go, you go to prison.
Speaker 10 (32:32):
Uh.
Speaker 1 (32:32):
In all honesty, Christian is one of those solid, solid
people that we've been lucky enough to have here, and
we are going to miss him, not at all. Okay,
joining us right now. He is the head of petroleum
analysis at Gasbuddy. The website is gasbuddy dot com and
Patrick dehan Gott dot com. Patrick is back with us
here on the Big Biz Show. Uh Patrick, We love
(32:55):
talking about the Summer Blend. I pick up six packs
of it all the time. It's of an eleven. It
is wonderful stuff. We have the Summer Blend. Are we
pumping it into our cars right now? As far as
gasoline's concerned. And hello, by the way.
Speaker 7 (33:09):
Good to be with you.
Speaker 10 (33:10):
You know, it's kind of like the pumpkin spice for routine. Yeah,
we make that switch over. By the way, it seems
like that pumpkin spice is coming out for longer and
longer periods of time. But you know, we are on
that summer blend, and it depends on where you are
across the country, but everyone's on that.
Speaker 7 (33:24):
In fact, we're getting close to the top of year
that at least some.
Speaker 10 (33:27):
Portions of America in the last I should say, in
the next six weeks ago or so or but we
go back to the cheaper.
Speaker 7 (33:33):
Winter version of gasoline.
Speaker 10 (33:36):
That'll happen in mid September, but for now, Yeah, coast
to coast, that summer blend of.
Speaker 7 (33:40):
Gasoline that comes out of the Clean Air Act amendments
back in the nineties. It's basically in areas where.
Speaker 10 (33:46):
You have millions of vehicles running around on the road,
that blend of gasoline emits less pollution, it's less volatile,
more stable. It's always more expensive if it's better for
the environment.
Speaker 7 (33:57):
And so yeah, we've been on that blend for a while.
Speaker 3 (34:00):
I'm sure a dumb question.
Speaker 4 (34:01):
But is anything to do with heat and the temperatures
has to do with the summer blend or is.
Speaker 3 (34:07):
It all just how many people are driving?
Speaker 7 (34:10):
Well, I mean absolutely, I mean ambient air temperatures.
Speaker 10 (34:12):
I have yet to see an ozone action day here
in Chicago in the middle of winter. So yeah, absolutely,
it's with the warmer ambient air temperatures.
Speaker 7 (34:20):
It heats the environment up and it produces.
Speaker 10 (34:22):
A lot more smug And that's, by the way, why
California has to use that special blend more during the
year than other areas. Of course, that's also because the
Air Resources Board is in charge of California, whereas the
EPA is in charge of the other forty nine states.
Speaker 7 (34:38):
So everything to do with those hot temperatures in the summer.
Speaker 1 (34:42):
Patrick j'ahan is ahead of petroleum analysis gasbuddygasbuddy dot com
is the website that wonderful map that we always love
showing and look at this's California, the Golden State. Well
it's awesome. We are gold four dollars five cents average
price gallon of gas here in in California. Patrick, with
(35:03):
President Trump back in office and the fact that he
is drill baby, drill, and he is I would assume
the petroleum producer's best friend. What is oil doing on
the crude? How is crew doing on the markets?
Speaker 10 (35:18):
Well, it's been a little bit all over the place
because there's some policies, and most recently here now, President
Trump has potentially talked about secondary sanctions on countries that
do business with Russia.
Speaker 1 (35:29):
Yeah.
Speaker 10 (35:29):
Right, He's been getting really irate with Russia's war in Ukraine,
and so now there's a lot of pressure on countries
like China and India who are major purchasers of that
Russian crude oil, and if they don't stop buying Russian
crude oil, president Trump is potentially talking about sanctions on them.
That's actually pushed oil prices back up to a level
that oil producers are saying, hey, this isn't too bad.
Speaker 7 (35:51):
Back when oil was sixty and sixty five dollars a brow,
we actually have seen slight declines.
Speaker 10 (35:56):
In US oil production because oil prices are too low
or we're low.
Speaker 7 (36:01):
But now at about.
Speaker 10 (36:02):
Seventy dollars in barrel, oil producers are probably saying, Okay,
this is not too bad. So US oil productions still
at record level, but that drill, baby, drill, mantra doesn't
always translate into lower oil prices. Why because all companies
don't like to produce more of something when it's less valuable.
So President Trump maybe all about drill baby drill, but
oil companies aren't really about drill baby drilled when oil
(36:25):
is too low.
Speaker 4 (36:27):
So, and you mentioned Patrick, you know, things are fluctuating,
as we're seeing in the markets and real estate rates
and all the things are changing. So you're seeing this
as well with gas, right Like it's with the markets
being a volatile and the tariffs, yes, know.
Speaker 3 (36:43):
All the things.
Speaker 4 (36:45):
It's all in line with gas prices too. I mean,
are we seeing it change day day by day?
Speaker 7 (36:51):
Not a whole lot of fluctuations.
Speaker 10 (36:53):
I mean, looking at the grand scheme of things over
the last few years. Right when record prices hit in
twenty twenty two, rush is invasion of you. I mean
the market is finally a kind of rebalanced. Demand is
not as high as it was in twenty twenty two.
We also have a law a long time since Russia's
initial invasion on Ukraine, we have the federal reserve that
has really tampered and slowed the economy down through high
(37:14):
interest rates.
Speaker 7 (37:15):
That's part of what has slowed.
Speaker 10 (37:16):
The global economy back down is that various central banks
have slowed the US economy down, slow slowed down the global.
Speaker 7 (37:24):
Economy, and that's why prices have kind of finally normalized.
Speaker 10 (37:26):
But today's three dollars and fourteen cent national average, it's
kind of like the same being under three dollars a
gallon in twenty nineteen. So three dollars is kind of
the new two dollars gallon masoleine In a decade, By
the way, we'll probably be earning for three dollars gasoline
when it's four dollars and five dollars, right, So, as
you mentioned, inflation is always going to be persistent. I'd
(37:48):
love to go back when gas was ninety nine cents
a gallon, but I probably wouldn't be a big fan
of going back to the wages I was earning when
gas was last night concents either.
Speaker 1 (37:58):
Patrick Dahan, as he hit a patrol analysis gasbuddy dot Com. Patrick,
is is crude still flowing out of Iran after the
strikes and whatnot?
Speaker 10 (38:09):
You know, you know it has you know, President Trump
has a really delicate balancing act. And right now, the
interesting thing is, while we're talking about sanctions in Russia.
President Trump has quietly allowed Chevron to start producing oil
in Venezuela again. And so you know, there's a lot
said that the world still needs as oil, right whether
the sanctions on rush show we need oil from these places.
(38:32):
So Iran has been kind of selling on the black
market again to countries like China.
Speaker 7 (38:37):
Right, China's getting discounts from Iran.
Speaker 10 (38:39):
China's getting discounts from Russia, and so China's saying, hey,
we're all about this, but we do need that oil
from Iran. And so yes, they have still been mildly
successful selling that oil in the black market.
Speaker 1 (38:50):
Patrick de'han had a petroleum analysis from gasbuddy dot com.
Do you see a drop in ten seconds or so,
a drop before the end of the summer or pretty
just maintained the same price.
Speaker 10 (39:02):
I think we'll continue to see a slow, sled, steady
decline between now and the end of the year. For
subject to caveats hurricane season, refinery disruptions, we should end
the year potentially twenty five to fifty cents a gall
and at least in California lower than today, maybe plus
maybe fifteen to thirty cents.
Speaker 7 (39:18):
So more relief coming.
Speaker 1 (39:20):
Yeah, keep coming up with that good news. We'll keep
having you on the show. Patrick Dahan gasbuddy dot com
A lot of one hundred studios here in southern California.
That is the incredibly talented Date Trader trio. We are lucky,
too lucky enough to have in studio with us on Costa.
Mary B. Godwin is here. Cassidy Smith our guest host
for the day. It is another edition of Nunya. We
(00:25):
call it Nana. When Sully is not here. Once again,
his eye fell out. He had to go to the
eye doctors.
Speaker 2 (00:33):
Once again.
Speaker 3 (00:33):
Once again, his other I fell out.
Speaker 1 (00:35):
Wow, somebody said that. Somebody said that to me a
long time ago, and I said, hey, where's your wife?
And she goes, well, she's at the eye doctor. I
go oh, And he pauses and he says her eye
fell out. And I just like, oh my god, that's
the greatest thing. So I abuse it and I beat it.
Speaker 4 (00:52):
Today I have a gross visual I don't want to
think about.
Speaker 3 (00:55):
I don't want to fill out. All right, let's uh,
let's talk, let's do how he thinks about this.
Speaker 1 (01:01):
I was gonna say, let's talk some markets, let's talk
some finance. He is our market analyst extraordinary here on
the Big BIS Show. How he font once again with
us from New York. How are my friend? How are
you good?
Speaker 5 (01:14):
I'm happy to be on Nania as always Nania plus.
Speaker 1 (01:17):
We'll get us plus.
Speaker 3 (01:18):
I love it. Yes two point zero.
Speaker 1 (01:20):
Hey, what are we to make of Trump's big trip
to Scotland? What's going on with Japan, what's going on
with the EU? All of these incredible deals that are
going on. China now apparently is even coming to the table.
What a make of all of it?
Speaker 6 (01:37):
Yeah, So there have been arap updates, and that's important
because not having them would kind of create some chaos
in the market. There's this August first deadline for most countries.
There's a couple of exceptions. One just nounce today's Mexico,
another China. We're rolling those as individual negotiations, but many
(01:57):
many countries we're going to have those April first, Liberation
Day level tariffs, those punitive levels of tariffs put on
if they didn't reach a deal. So in the last
week there's been tentative deals with the EU, with Japan,
with South Korea.
Speaker 5 (02:15):
India is being held up and we'll probably we'll probably
have big tariffs on them.
Speaker 6 (02:22):
And we are, like I said, are waiting on China
and Mexico.
Speaker 5 (02:25):
But those have been pushed forward. Canada is also up
in the air, he seem, when aren't they want to fight? Yeah, exactly.
Speaker 4 (02:34):
So we're supposed to they are supposed to have deals
made by the first which is tomorrow, I think so.
And if they don't, you're saying, there's gonna be some
punitive numbers.
Speaker 3 (02:45):
What are we looking at? What are those percentages looking for?
Speaker 7 (02:48):
Yeah?
Speaker 6 (02:48):
So those were some of the larger crazier numbers that
we saw back in April when everyone kind of freaked
out in the market dumped, when we were seeing tariff
rates in the thirties, forties, fifties, seventy one hundred plus percent,
And they were doing that in kind of fake, fake
ish math kind of way. They were just taking the
(03:09):
trade deficit that we have with them and the and
doing that as a percentage of trade and saying, Nope,
that's our that's our tariff with you. Uh you know
you have a trade deficit with McDonald's or or.
Speaker 1 (03:22):
Now do you know? Yeah?
Speaker 6 (03:25):
So, I mean, Mike, you you McDonald's never gives you money.
You only give them money, so you have you have
one hundred percent uh you know, trade trade deficit with them? Oh,
under the Trump plan, that would mean there'd be a
fifty uh tariff on on McDonald's fifteen or fifty fifty
(03:46):
fifty half they cut they take the trade deficit and
then cut it in half.
Speaker 3 (03:51):
So what does it look like for the markets?
Speaker 4 (03:54):
Uh, if we're you know, we don't reach these deals
in these large tras.
Speaker 5 (03:59):
Long term is not going to be good.
Speaker 6 (04:02):
I believe, you know, Sally sa says different, But I
think that in the end, companies will not just let
the price increases from tariffs make their profit margins smaller.
They'll pass the month to consumers as long as the
market can bear it.
Speaker 5 (04:18):
So I think we'll see that in the long run.
While while we haven't known.
Speaker 6 (04:22):
What the effective rate is, companies like Walmart and Hershey's
is a great example, have been absorbing the.
Speaker 5 (04:28):
Cost of of the tariff.
Speaker 6 (04:30):
But that that is a short term effect, I believe,
and it's that's a pretty non controversial opinion.
Speaker 5 (04:37):
It is an opinion, but just want to put that
out there.
Speaker 6 (04:41):
And and when we see, you know, the certainty in
the market increase, then things are going to stabilize, and
there's that that's a good thing in.
Speaker 5 (04:48):
The short term. The actual long term economic effect.
Speaker 6 (04:51):
Will probably lower the long term stock market, but it's
good for now that we have certainty around what these
deals are.
Speaker 1 (04:58):
Howie Fought is our big, big show market analyst. How
I know Cassidy has a question about investing at her
age here in a second. But as far as you know,
the terroriffs and what is going on, is this one
of the reasons Powell refuses to lower the rate at
the moment.
Speaker 6 (05:18):
Well, the Fed has two mandates, and I know we
talked about this a lot so ago. Quickly, One they
have to make sure that the economy is of full employment,
and then two they have to.
Speaker 5 (05:27):
Keep prices stable.
Speaker 6 (05:28):
Those actually kind of like contradict each other because wages
are a price, so if you keep them stable, you
might not be able to affect employment.
Speaker 5 (05:38):
But that's a bigger conversation.
Speaker 6 (05:41):
Well, I think the tariffs and the interest rates are
connected because of that uncertainty we're talking about. If the
President does a big move when it comes to tariffs
and that shocks the economy, then they're going to want
to keep rates higher where they are, so they have
some sort of of policy aim if they are able to, uh,
(06:03):
you know, if they have to try to bolster the
economy later, but once they're confident that tariffs are staying
where they are and that the inflation data is not
going to change everything that we talk about every week
is not going to change, then they'll slowly low over tariff.
Speaker 5 (06:18):
So we're still expecting two cuts this year.
Speaker 6 (06:21):
Probably at the September meeting there'll be a twenty five
basis point cut.
Speaker 5 (06:25):
But you know it's the uncertainty question, gotcha?
Speaker 3 (06:28):
Yeah, Howie?
Speaker 2 (06:29):
Like I said, I'm a twenty year old college student
and I kind of know nothing about investing credit scores.
Speaker 1 (06:36):
And I'm sure welcome to my world six Sorry interrupt
and positive.
Speaker 2 (06:41):
Most kids my age don't know what any of that
even means. So how you know what's a good way
for kids like me and college students like me to
start investing in a way where we stop using Apple pay,
like Apple is the one paying.
Speaker 1 (06:57):
Yeah, how we asked your question? Sorry, what's what is it?
What's a good toe in the water, maybe a first
step for a college student some in Cassidy's age.
Speaker 6 (07:06):
Yeah, I think I think the good first step is
the emergency fund, and a small one at the college age.
I'd say you scrapped together one or two thousand dollars.
You put that somewhere besides your checking account of your age.
I really like, don't mind where you know you can.
You can do a money market fund, you can do
(07:27):
a savings account. We talk about a lot of options.
Speaker 5 (07:30):
That you know you can use.
Speaker 6 (07:32):
I wouldn't invest that. I would just practice saving and
build that up. Then I would gather probably about five
thousand dollars in your next trunch, and then then you
can start investing in the S and P five hundred.
And that can just be you know, one hundred dollars
a month or something like that if you're working, maybe
(07:52):
less than that if you're you know, on student loans
in your own I.
Speaker 5 (07:56):
But to do that.
Speaker 6 (07:56):
But if you are working and you have an income,
if you can try and squeal fifty one hundred whatever.
It is just a consistent amount of money into the
market broadly.
Speaker 5 (08:06):
You know, a low cost.
Speaker 6 (08:08):
Etf like a voo or spy something like that that
gets the broad market, and that that'll just you want
to start as early as possible.
Speaker 5 (08:16):
Compound interest as your friend.
Speaker 6 (08:18):
So getting in that habit, so one saving and two
dollar house to average investing.
Speaker 1 (08:22):
You know, we're gonna look back on this moment. Ten
to fifteen years from now, she's gonna be a multi
millionaire and I'd be sitting here going where was how
we fought when I was twenty years old? You know,
sicking it a bank.
Speaker 6 (08:34):
If you cassidy, if you put ten thousand dollars away
right now. I know that's a big number, but let
me just show you the example.
Speaker 5 (08:41):
Ten thousand dollars right now.
Speaker 6 (08:43):
In eighteen years in the market compounding, it'll be half
a million dollars. That's really important money. I mean, you know,
so starting early is really important.
Speaker 2 (08:56):
Step one, get ten thousand dollars.
Speaker 5 (09:00):
Well, listen, rob bank, everyone starts somewhere.
Speaker 1 (09:02):
Step two, dodge police. Step three invest the money. How
I font is our big bi show market analyst, Howie
with what's going on right now from an economic standpoint.
You know, you were talking about the terroriffs, You're talking
about the FED, whether the rate's going to go up
or down, that type of thing, And it just seems
that the polar opposite sides these tariffs are going to
(09:23):
be great, These terroifts are going to sink our economy.
It's so hard to get that straight down the middle
of the road type of answer of how it's going
to affect us for the next let's let's say for
the next year or so. I know it's going to
be very important as we get into the midterms and
of course heading into the twenty twenty eight presidential election.
But your thought, your mindset is this eventually is going
(09:45):
to come back and bite us in the butt.
Speaker 6 (09:49):
So you can't catastrophize either scenario. Okay, it's just about
what's the optimal. I mean, we're an optimized economy. We're
the largest economy on the planet. We're a very important
financial center for the world. We have the reserve currency,
so it matters if we devalue the currency with inflation
and we push price rises and we affect supply chains.
(10:11):
So I would say it's more about, you know, what's
optimal for the US. And you know, I think the
big debate that's been going on is free trade always.
Speaker 5 (10:20):
What's best for the US.
Speaker 6 (10:22):
It keeps the prices here low, which effectively means people
can get more stuff for their same salary. So if
we can lower prices as a country one percent on everything,
that's like giving everyone.
Speaker 5 (10:34):
A pay up.
Speaker 6 (10:35):
So that's been a powerful tool that we've had now
at the same time, if it hollows out your ability
to make stuff in the long term, you know that's
the cause of the debate.
Speaker 1 (10:45):
And how we fought, how he fought Baby show markets analysts.
We all can remember this day of the day he
made Cassidy Smith a millionaire. How he appreciate it. Thank
you as always, all right, keep it here. Lots more
to come with the Big BIS Show right after this,
this show rolls blocked one hundred studios. We are in
(11:05):
over one hundred and seventy five countries and all the
ships at sea on the American Forces Radio Network. As always,
to our brave men and women of the United States
Armed Forces, what you do, what you have done for us,
We salute you. You briefly saw the day Trader Trio
best in the business. As I always say, no lessons
self taught. It's a Nunya business episode today, Costa, Maryburg Godwin,
(11:31):
Cassidy Smith, our intern extraordinaire who will be leaving us shortly,
sitting at the desk with me, and we welcome Amber
Martinez to the show. A relatoor extraordinaire.
Speaker 7 (11:44):
How are you very good?
Speaker 8 (11:45):
Thank you for having me.
Speaker 1 (11:46):
We appreciate you coming in talking to little real estate
with us, when we'll get into how you got into
the real estate market, blah blah blah. But you know, everybody,
you see real estate in San Diego, you see real
state in southern California than California maybe across the nation.
Are we just so out of whack here in southern
(12:06):
California as far as prices are concerned.
Speaker 9 (12:09):
Our prices are a lot higher compared to everybody else's.
Speaker 8 (12:12):
But what we have to offer.
Speaker 9 (12:14):
We've got the ocean, We're not in the middle of America.
We have a lot of opera, overnity, the weather, location, location,
location is everything.
Speaker 8 (12:24):
So our prices are a little bit higher.
Speaker 9 (12:26):
We don't see the effects of all the prices dropping
down the way other people do. So yeah, our prices
are holding a little bit more steady.
Speaker 10 (12:36):
Yeah.
Speaker 4 (12:36):
I have a question about especially having cassidy here, because
when I was in my twenties, it was like, make
sure you buy a house and that's how you're going
to get in, you know, So what if I get
in the.
Speaker 1 (12:48):
Market and equity, yeah, Chris equity.
Speaker 4 (12:52):
And now in the last five years, I've heard people
out there say that maybe renting is better because you
don't have to then fix the roof if something's wrong,
or I just had to prepare the ac in my home.
So you know, as somebody in her twenties that is
going to graduate in a few years and be out
there is it's what's the recommended? I mean, you're a
real stir so you're going to say buy bye. But
(13:15):
you know what do people what should people be thinking about?
Speaker 9 (13:18):
So right now what I'm saying are a lot of
people buying, but they're older people buying multi generational houses,
looking for Adu's large yachts so that they lot so
that they can add on for the younger generations.
Speaker 1 (13:35):
Do you do you find that speaking of younger generations,
kids are living with their parents longer act just because
they cannot afford if they're going to buy. Everybody can
rent more or less, but because they cannot afford to
buy anything and stay in San Diego.
Speaker 9 (13:49):
Absolutely, the rent around here the average cost of a
single family home to rent is fifty five hundred dollars
a month, and most twenty year olds don't have that
in their back pocket for their deposits, to have every
single thing lined up for them and to consistently be
able to make the payment.
Speaker 8 (14:08):
Sure, So the best time to buy was yesterday.
Speaker 9 (14:12):
That's time to buy again is now if it makes
sense for you. So one thing that you need to
do is have somebody that actually is going to lay
out a net. She let you know realistically what you're
going to owe, what the bills are, what kind of
repairs are going to come up.
Speaker 8 (14:29):
A lot of people don't realize.
Speaker 9 (14:30):
You know, you've got plumbing, electrical issues, roof issues. If
you can't afford those repairs, you might have a hard time.
Speaker 1 (14:38):
Amber Martinez is with us in studio Amber Martinez dot
first team dot com. She is a longtime realtor here
in San Diego and in southern California. What is as
far as as far as Southern California is concerned, what
is there a most desirable place? But you know, obviously
I've had my choice. I'd be in big sir. You know,
(14:59):
some people will be moderaid, they'd be in car mail,
that type of thing. But for what does a million
dollars get you?
Speaker 9 (15:05):
In sand you're gonna get it depends on what kind
of a deal your person can get you.
Speaker 8 (15:11):
Okay, But for the most part.
Speaker 9 (15:14):
You're looking at a million dollars even for a two
bedroom condo, it's really hard to get out of that
million dollar price range. I've got a few.
Speaker 8 (15:24):
That are under a million dollars. Okay, contact me.
Speaker 9 (15:26):
I've got a really good deal of the week for
seven ninety nine.
Speaker 8 (15:31):
On the ocean right right.
Speaker 3 (15:33):
You have to you go more inland.
Speaker 9 (15:35):
To get so if you want the prices to come down,
you're gonna have to go away from the beach. But
if you think about it, if you're somewhere even in Vista,
it's a five to six minute drive and you're at
the beach, it's only a few miles away. There's some
hidden gems that are are located Inland Bonzels one of
them Ballbrook.
Speaker 8 (15:54):
You know they're there, Visa.
Speaker 1 (15:55):
Gotcha? Is there is there a part of California that
is I mean, could we say it is it is
untouched or it's the next hidden gym? Or has every
rock been been turned over?
Speaker 8 (16:09):
Our beach isn't growing any bigger.
Speaker 9 (16:11):
So what's happening is your ability to buy is getting
smaller and smaller because the opportunity of the there's not
enough houses on the market.
Speaker 8 (16:22):
The inventory is so low. Yeah, it's really hard.
Speaker 9 (16:26):
If you want a beachfront property, or you want to
be closer to the beach, you're going to have to
come up with your biggest best offer and you will
be up against a lot more offers if those rates,
at those market.
Speaker 3 (16:40):
Rates drop, are you thinking that they might?
Speaker 8 (16:43):
I can't predict the future.
Speaker 9 (16:44):
Everybody in San Diego is hoping, hoping, hoping.
Speaker 8 (16:48):
Honestly, right now.
Speaker 9 (16:50):
They're at about six point eight, so they have come down.
Speaker 8 (16:55):
So the buyers are out there.
Speaker 9 (16:57):
But when I go into my office and I look
at my list of what what what's available, the houses
that are for sale, the list is very small compared
to the amount of buyers that are out there. The
buyers are in full effect. So right now it is
definitely a seller's market. Sellers can come out right now
and get top dollar for their for their houses.
Speaker 1 (17:18):
So, Cassie, you're looking at maybe Oxford, Mississippi, as far
as your your first home, it's exactly there you go.
Amber Martinez is with us. She is a Southern California realator,
also sales in North uh North Cara, North Cara, California,
Northern California as well. Ambermartinez dot first Team dot com
(17:38):
as far as the real estate picture of a whole
in the United States, I mentioned Oxford, Mississippi, and I
say that because a lot of people are saying, hey,
Mississippi is like kind of a still an untouched area
of the United States, but as a whole, medium prices
of homes in the United States, what are we looking.
Speaker 9 (17:55):
About four hundred thousand for is the medium price? Four
hundred fifty thousand medium? And there's a lot of untouched places.
A lot of people here are moving to Tennessee, They're
going to Mississippi. They are all going after the land.
They want wells, they want space, they want bigger homes.
Speaker 1 (18:17):
With we want Southern cookings that they want. Yes, that's
why I'm moving to South kres.
Speaker 9 (18:21):
They don't want a seven hundred square foot seven hundred
and ninety nine thousand dollars a little tiny place that
they can't fit.
Speaker 1 (18:27):
R right, We've got about a minute left, So I mean,
what would you say as far as the outlook for
the real estate market, not only locally but in general
for maybe the next eighteen months or so, still continue
to be a seller's market.
Speaker 9 (18:41):
It goes both ways. It's really weird how it's fluctuating.
It's sellers, it can also turn into buyers. If those
prices start to drop and we see that those mortgage
rates start to come down, the prices, well, then you'll
be up against so many offers. It's going to be really, really,
really hard to get that offer accepted. So right now
(19:03):
is that time to put in your offer, Try to
refinance if those market rates come down. But that's the
best thing that you can do. Get in now. If not,
you're going to have a hard time. If opportunity just
isn't there that there's.
Speaker 1 (19:18):
Not enough on I know you're you're moving a lot
of property quickly. Do most offer I mean, how much
over are you seeing as far as from an initial
asking price and what the offer comes in.
Speaker 9 (19:31):
Uh, they're they're really close to to offer asking prices.
Back during COVID they were going hundreds of thousands over
because the mortgage rate had gone down so low.
Speaker 8 (19:42):
So right now is your time. That's all I can
tell you.
Speaker 1 (19:46):
Amber Martinez dot first team dot com. Will you come
back in and talk real estate?
Speaker 8 (19:51):
I would love to you. I have so much to
tell you.
Speaker 1 (19:53):
I love it. I love it. Yeah, check her out,
Amber Martinez. Amber Martinez dot First Team dot com. Right
much to come with a big V show. Keep in here, big.
Speaker 2 (20:09):
This show is on.
Speaker 1 (20:11):
We are in sunny California inside the Lockgow one hundred studios.
That is the Day Trader Trio, one third of the
band known as Sullivan. Back here at the bar, it's Costa,
it's Maryburg Godwin, it is Cassidy Smith, her last week
with us before she heads back to the University of
(20:33):
Tennessee for her junior year. Also at the bar, one
of our all time favorite people love it when this
guy drops in. He's a speaker, CEO, coach, consult chief launch officer,
Dan Dagroni. You can find him at dandegroney dot com
and a professor and Grandpa Dan Dan.
Speaker 11 (20:49):
Well, and got a grandpa.
Speaker 1 (20:51):
Sorry, so it's it's not gonna be Popa, It's not
gonna be Gras, It's gonna be Dan Dan.
Speaker 11 (20:57):
Yeah, no, forget no grandpa. What do you think came
up with it?
Speaker 7 (21:01):
Exactly?
Speaker 1 (21:03):
Not to me the last the last time you were
on with us last week, Right, I think you said, Hey,
I'm going to go be a grandpa or like what
because my granddaughter is being born today. Dan Dan is
officially the name how he will be addressed. You have
that power by everyone. Now you see your buddy. You
walked in Dan, Dan, How was it? I mean, what's it?
(21:26):
It's got to be amazing, right.
Speaker 11 (21:28):
It's surreal. I mean the magic of life, yes, right,
that a baby can grow and then come out and
be a human and be I mean like literally this
tiny and yeah, it's unbelievable. It's unbelievable. But yesterday, I
will say that I teared up when I went over
to deliver dinner and my son was holding her and
(21:50):
oh my god, it's so sweet.
Speaker 1 (21:53):
Oh you were and you were just there holding your kids.
Speaker 2 (21:56):
Yeah.
Speaker 11 (21:56):
Well no, and then.
Speaker 1 (22:00):
But the way that should blink and you're like, oh
my god, now I'm grandpa.
Speaker 11 (22:04):
Well now my grandpa is really hard to swallow. I
have to say, You'll get there.
Speaker 3 (22:09):
It's hard.
Speaker 1 (22:10):
Unfortunately, I will.
Speaker 11 (22:11):
It's like, oh my god.
Speaker 1 (22:13):
As my mom always said, the greatest thing about grandkids
is they go home at the end of the day.
Speaker 4 (22:17):
Yeah, you can spoil your granddad.
Speaker 1 (22:21):
Oh boy, I wonder like.
Speaker 11 (22:23):
Of course, I'm going to be inspirational and empowering and sweet,
Oh my.
Speaker 3 (22:34):
God, I love it.
Speaker 1 (22:35):
I'm going to teach her how to use chat g
BT tomorrow tomorrow.
Speaker 11 (22:42):
Well, Cassidy was telling me it's it's her best friend.
She's got pictures in her wallet of her holding Chatt's hand,
savor on your key chain or.
Speaker 2 (22:56):
Something like that. We like to keep it on the DAL.
Speaker 1 (23:00):
As far as our visual intelligence concerned. And we've had
this conversation with you, and there's a lot of people who, boy,
you better start loving and become one with AI because
it's here and it is the way of the future.
Speaker 11 (23:16):
Yeah, I mean I had that conversation yesterday. I almost
had goosebumps. I was talking to another old person, a boomer,
and they were sharing with me their experience that their
work is so much easier because they see chatchept as
their thought partner, and so when they're doing their work,
they're creating their proposals, they're creating curriculum. They're actually going
(23:36):
back to chat ChiPT and saying, no, push me harder
on that. I don't think that's right. Can you give
me some other kind of contrary opinions on that? And
how would you deal with that? And like really getting
in there having a conversation. Ye, she called it her
it I don't know what you call they whatever you
(23:57):
call it, your friend.
Speaker 2 (23:59):
He thought, part I'm glad you picked you, saying you'll
have a picture in your wallet. You guys, you're on
your way there.
Speaker 4 (24:11):
To ask that transition to like get it think of
it in terms of that, it was a little bit
of a leap.
Speaker 3 (24:15):
Well, for sure, how was it for you?
Speaker 4 (24:19):
It's just instinctual to yeah, like have conversations like that's
not exactly what I meant, so fix it, or we
talk to.
Speaker 2 (24:28):
I'm constantly talking to tagyby t. It's like my personal friend.
But like the other night, even I was I had
to take like a prebiotics supplement, a magnesium supplement and
then to like antibiotics, and I was like, chat like
am I gonna die? Like is this too much in
one night? And I was like, you've got this, You're fine,
just wind down and go to sleep. I'm like, okay,
(24:48):
we're good. So just as it was telling me, I
was like this is all nice. Then you've got this
with a yellow heart, and I was like, I've got it,
We're it.
Speaker 1 (25:00):
Sent you a yellow.
Speaker 2 (25:01):
Heart, said you've got this, yes, unlined, and go to sleep.
Nothing crazy is going to happen to you. You've got this.
Speaker 1 (25:07):
See my problem is I'm going to say, chat shebt, buddy,
if I jump out of a window, what's going to
happen when I hit the ground? And with my luck,
it's going to say, you're gonna bounce, man, you got
You're gonna be fine.
Speaker 11 (25:20):
I think you have to really, I mean, that's funny,
but not really, but it's funny. You have to really
push it, and you have to ask for sources and
you have to go back and forth. And that's what
my friend was saying, is that she's like, well, that
doesn't really sound right to me. What about this study?
What about what does Gallup say about that? What is
so and so say about that? What's the history of this?
(25:42):
And really kind of push it because sometimes it can
slack off a little bit. Yeah, and then it's mistakes.
And so I think learning as you are, embracing it
and learning to make it a partner and learning how
to talk to it is going to make you so
much better at work.
Speaker 2 (26:01):
Even when I'm taking I mean, I'm not really supposed
to say this, but if I'm taking a test and
I'm using CHAGBT as a personal assist, oh, I'll say like,
is this all accurate information? Like is this one hundred
percent accurate? And it'll go back and be like, actually
number twenty three is wrong. Sorry about that, Like let
me fix that and correct it, and I'll go back
if you.
Speaker 11 (26:19):
Push it or if you say no, that's not enough.
I've sometimes said that's really not the sentiment that I
was looking for or the and it will come back
with you're absolutely right, which is what I thank about it.
You're absolutely.
Speaker 3 (26:31):
I know my itinerary.
Speaker 4 (26:34):
And then I went back and I said, this is
what I've come up with after working with you. And
I said, this is a really fantastic ITINERI I said,
thank you very much.
Speaker 11 (26:41):
Yes, but and it gives great itinerary, it gives great travel.
Speaker 4 (26:45):
However, I said, I'd like this restaurant within a five
minute walking distance from here, and it gave it a
couple of None of them know they were like twenty
and I said, you were wrong, it was actually twenty.
Speaker 3 (26:57):
Miles, So can you please refine.
Speaker 4 (26:59):
I didn't say please, because I did hear it takes
extra energy for them to process please and thank you,
So I just command give me closer to and it
said I am sorry, and it did apologize.
Speaker 3 (27:10):
I make mistakes.
Speaker 4 (27:11):
Yeah, But I want to ask you this because I
had somebody do a presentation the other night at a
meeting and they were quoting pages from something and they
were floundering a little bit, and I was like, what
is going on with this presenter? And she admitted that
she used CHATCHYBT to find the three quotes that she
was using. She didn't research them on her own. She
(27:33):
just gave us the pages and didn't even look at.
Speaker 3 (27:37):
Them on a round.
Speaker 11 (27:37):
So that's bad.
Speaker 1 (27:38):
When she come across as I'm the expert on this.
Speaker 4 (27:41):
Yes, and then and then you could know something was
not right, and then so she it's not to be
used on its own.
Speaker 11 (27:49):
It's kind of like going to a wedding and having
it write your whole best man's speech, and really none
of it is actually curate or everyone knows you and
says that's not that's that is all. So you have
to really teach it right your personality. You have to
teach it what you do. And if you have the
paid version, you can get that really going in.
Speaker 3 (28:12):
So what's the difference with the paid that's the difference.
Speaker 11 (28:15):
It really starts to retain and calculate your presentation what
you do and learns from itself within instead of just
the version.
Speaker 2 (28:26):
I have a lot of friends who are logged into
my account. My best friend she's doing a summer school class,
and I was like, oh, I wonder what she's using
my chat gbt for. So I look. She had chat
gibt writ her write her her essay and then she
went back plugged her essay back into a different tab
and said, does this sound like AI that chat gibt generated.
And it was like, let me humanize this for you,
(28:48):
chat gibt humanizing its own chat gibt essay, your own
work at that point, like it's like you're doing the
same work.
Speaker 1 (28:57):
Dangrony dot com is this website? We love having an
UH with us here in studio. And you know you're
a professor class and correctly if you're wrong, if I'm wrong,
But you're cool with students using che well for all
sorts of stuff.
Speaker 11 (29:11):
I mean it's here in the workplace.
Speaker 1 (29:13):
How would you see you go to GBT.
Speaker 11 (29:15):
I mean maybe for an English teacher you're learning how
to write. Other than that, you need to learn how
to use it and embrace it because the workplace is
going to require that of you. Eventually they understand that
a human plus AI makes a superhuman right, and so
it's garbage in, garbage out. So we actually have to
(29:36):
teach the students and the young kids how to learn
with AI. How to ask it the right questions, how
to tell our friend to get off our chat, GBT
or whatever it is.
Speaker 4 (29:45):
Right, and how to not listen to it sometimes I
mean to say, to question it and say to.
Speaker 11 (29:50):
Think, yeah, how to think and use it as this
super fast, unique tool to be hand in hand to
help help you. But you got to do the thinking,
the driving.
Speaker 3 (30:03):
You do that sometimes.
Speaker 4 (30:03):
Sorry I interrupted, but you know, are you where are
you at with the questioning what it tells you?
Speaker 2 (30:08):
I mean there was a like when I first started
using it, it would like provide me with something. I just
take it, plug it in and I go back and
read it. I'm like, oh, it's kind of repeating itself,
like over and over. So I'll tell it like, don't
repeat yourself, don't sound redundant like you know, like yes,
make it unique and sound like my writing that I've
plugged into you before, you know. So it's like you
kind of have to learn how to get in the
Nickson cranes and like figure it out and not just
(30:30):
like be like do this, take this and turn it in.
Speaker 11 (30:33):
Yeah, garbage in, garbage out. You just say, refine this.
Speaker 1 (30:37):
I tell you what. The chat GBT wormhole has replaced
the YouTube wormhole. I just love sitting there and going
what can I do? I mean, whereat the world now
take me.
Speaker 11 (30:48):
I'm so glad you found a friend to talk back to.
Speaker 1 (30:50):
Thank god, finally I was tired of talking to my
dog Daniel. Always great to see you. Sorry, damn down.
All right, keep it here. Much more to come with
the big Vish up.
Speaker 7 (31:03):
M.
Speaker 1 (31:21):
It is the big This show wherever you're watching, wherever
you're listening is obviously we appreciate you being along for
this ride. Costa, Mary Bert Godwin, Cassidy Smith sitting in
for this episode of Don Yea. And of course that
wonderful music here in the background is the Day Trader
Trio Best. Yeah, we're going to talk with Patrick de
(31:43):
Haan from Gaspuddy here in one second, but I just
want to make mention of somebody who is also leaving us,
Christian Cybert, who has just been has been nails for
this show. A couple other different shows. One of those, yeah,
one of those, one of those great people that has
(32:04):
been working here at the lofto one hundred Studios for
a long time. Unfortunately, Christian is reporting for a prison term.
He was, uh yeah, so he's gonna be go. He's
gonna go work on a prison farm a couple of years,
take care of some parking tickets that he never paid. Uh.
But we really loved having here up until the point
he got arrested. So uh no, but get well, he's
(32:29):
living proof. Don't bame you go, you go to prison.
Speaker 10 (32:32):
Uh.
Speaker 1 (32:32):
In all honesty, Christian is one of those solid, solid
people that we've been lucky enough to have here, and
we are going to miss him, not at all. Okay,
joining us right now. He is the head of petroleum
analysis at Gasbuddy. The website is gasbuddy dot com and
Patrick dehan Gott dot com. Patrick is back with us
here on the Big Biz Show. Uh Patrick, We love
(32:55):
talking about the Summer Blend. I pick up six packs
of it all the time. It's of an eleven. It
is wonderful stuff. We have the Summer Blend. Are we
pumping it into our cars right now? As far as
gasoline's concerned. And hello, by the way.
Speaker 7 (33:09):
Good to be with you.
Speaker 10 (33:10):
You know, it's kind of like the pumpkin spice for routine. Yeah,
we make that switch over. By the way, it seems
like that pumpkin spice is coming out for longer and
longer periods of time. But you know, we are on
that summer blend, and it depends on where you are
across the country, but everyone's on that.
Speaker 7 (33:24):
In fact, we're getting close to the top of year
that at least some.
Speaker 10 (33:27):
Portions of America in the last I should say, in
the next six weeks ago or so or but we
go back to the cheaper.
Speaker 7 (33:33):
Winter version of gasoline.
Speaker 10 (33:36):
That'll happen in mid September, but for now, Yeah, coast
to coast, that summer blend of.
Speaker 7 (33:40):
Gasoline that comes out of the Clean Air Act amendments
back in the nineties. It's basically in areas where.
Speaker 10 (33:46):
You have millions of vehicles running around on the road,
that blend of gasoline emits less pollution, it's less volatile,
more stable. It's always more expensive if it's better for
the environment.
Speaker 7 (33:57):
And so yeah, we've been on that blend for a while.
Speaker 3 (34:00):
I'm sure a dumb question.
Speaker 4 (34:01):
But is anything to do with heat and the temperatures
has to do with the summer blend or is.
Speaker 3 (34:07):
It all just how many people are driving?
Speaker 7 (34:10):
Well, I mean absolutely, I mean ambient air temperatures.
Speaker 10 (34:12):
I have yet to see an ozone action day here
in Chicago in the middle of winter. So yeah, absolutely,
it's with the warmer ambient air temperatures.
Speaker 7 (34:20):
It heats the environment up and it produces.
Speaker 10 (34:22):
A lot more smug And that's, by the way, why
California has to use that special blend more during the
year than other areas. Of course, that's also because the
Air Resources Board is in charge of California, whereas the
EPA is in charge of the other forty nine states.
Speaker 7 (34:38):
So everything to do with those hot temperatures in the summer.
Speaker 1 (34:42):
Patrick j'ahan is ahead of petroleum analysis gasbuddygasbuddy dot com
is the website that wonderful map that we always love
showing and look at this's California, the Golden State. Well
it's awesome. We are gold four dollars five cents average
price gallon of gas here in in California. Patrick, with
(35:03):
President Trump back in office and the fact that he
is drill baby, drill, and he is I would assume
the petroleum producer's best friend. What is oil doing on
the crude? How is crew doing on the markets?
Speaker 10 (35:18):
Well, it's been a little bit all over the place
because there's some policies, and most recently here now, President
Trump has potentially talked about secondary sanctions on countries that
do business with Russia.
Speaker 1 (35:29):
Yeah.
Speaker 10 (35:29):
Right, He's been getting really irate with Russia's war in Ukraine,
and so now there's a lot of pressure on countries
like China and India who are major purchasers of that
Russian crude oil, and if they don't stop buying Russian
crude oil, president Trump is potentially talking about sanctions on them.
That's actually pushed oil prices back up to a level
that oil producers are saying, hey, this isn't too bad.
Speaker 7 (35:51):
Back when oil was sixty and sixty five dollars a brow,
we actually have seen slight declines.
Speaker 10 (35:56):
In US oil production because oil prices are too low
or we're low.
Speaker 7 (36:01):
But now at about.
Speaker 10 (36:02):
Seventy dollars in barrel, oil producers are probably saying, Okay,
this is not too bad. So US oil productions still
at record level, but that drill, baby, drill, mantra doesn't
always translate into lower oil prices. Why because all companies
don't like to produce more of something when it's less valuable.
So President Trump maybe all about drill baby drill, but
oil companies aren't really about drill baby drilled when oil
(36:25):
is too low.
Speaker 4 (36:27):
So, and you mentioned Patrick, you know, things are fluctuating,
as we're seeing in the markets and real estate rates
and all the things are changing. So you're seeing this
as well with gas, right Like it's with the markets
being a volatile and the tariffs, yes, know.
Speaker 3 (36:43):
All the things.
Speaker 4 (36:45):
It's all in line with gas prices too. I mean,
are we seeing it change day day by day?
Speaker 7 (36:51):
Not a whole lot of fluctuations.
Speaker 10 (36:53):
I mean, looking at the grand scheme of things over
the last few years. Right when record prices hit in
twenty twenty two, rush is invasion of you. I mean
the market is finally a kind of rebalanced. Demand is
not as high as it was in twenty twenty two.
We also have a law a long time since Russia's
initial invasion on Ukraine, we have the federal reserve that
has really tampered and slowed the economy down through high
(37:14):
interest rates.
Speaker 7 (37:15):
That's part of what has slowed.
Speaker 10 (37:16):
The global economy back down is that various central banks
have slowed the US economy down, slow slowed down the global.
Speaker 7 (37:24):
Economy, and that's why prices have kind of finally normalized.
Speaker 10 (37:26):
But today's three dollars and fourteen cent national average, it's
kind of like the same being under three dollars a
gallon in twenty nineteen. So three dollars is kind of
the new two dollars gallon masoleine In a decade, By
the way, we'll probably be earning for three dollars gasoline
when it's four dollars and five dollars, right, So, as
you mentioned, inflation is always going to be persistent. I'd
(37:48):
love to go back when gas was ninety nine cents
a gallon, but I probably wouldn't be a big fan
of going back to the wages I was earning when
gas was last night concents either.
Speaker 1 (37:58):
Patrick Dahan, as he hit a patrol analysis gasbuddy dot Com. Patrick,
is is crude still flowing out of Iran after the
strikes and whatnot?
Speaker 10 (38:09):
You know, you know it has you know, President Trump
has a really delicate balancing act. And right now, the
interesting thing is, while we're talking about sanctions in Russia.
President Trump has quietly allowed Chevron to start producing oil
in Venezuela again. And so you know, there's a lot
said that the world still needs as oil, right whether
the sanctions on rush show we need oil from these places.
(38:32):
So Iran has been kind of selling on the black
market again to countries like China.
Speaker 7 (38:37):
Right, China's getting discounts from Iran.
Speaker 10 (38:39):
China's getting discounts from Russia, and so China's saying, hey,
we're all about this, but we do need that oil
from Iran. And so yes, they have still been mildly
successful selling that oil in the black market.
Speaker 1 (38:50):
Patrick de'han had a petroleum analysis from gasbuddy dot com.
Do you see a drop in ten seconds or so,
a drop before the end of the summer or pretty
just maintained the same price.
Speaker 10 (39:02):
I think we'll continue to see a slow, sled, steady
decline between now and the end of the year. For
subject to caveats hurricane season, refinery disruptions, we should end
the year potentially twenty five to fifty cents a gall
and at least in California lower than today, maybe plus
maybe fifteen to thirty cents.
Speaker 7 (39:18):
So more relief coming.
Speaker 1 (39:20):
Yeah, keep coming up with that good news. We'll keep
having you on the show. Patrick Dahan gasbuddy dot com
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