Episode Transcript
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Speaker 1 (00:03):
Welcome to Financial Issues, where we join the reality with truth,
helping you make the most of your money by honoring
God with your investments. Now listen then as we give
you the practical tools and advice you need to become
a biblically responsible investor.
Speaker 2 (00:23):
Good morning, Welcome to Financial Issues. I'm your host, Tinabert,
Thanks for tuning in today. Financial Mission Issues is a
ministry that helps to educate people about financial issues from
a biblical worldview. Our mission, our calling here at Financial
Issues is to educate and equip and encourage the saints
(00:45):
of the Church to be good stewards with all of
the resources that God has given us. We hope that
you're a partner. If you're not considered becoming one, it's
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(01:06):
that are on our broad list that you might not.
Speaker 3 (01:09):
Need to own anymore.
Speaker 2 (01:10):
You'll get weekly commentary that's posted up on the website
just for partners, and you'll get invited to a monthly
partner conference call that the general public doesn't get. So
we are a listener and partner supported ministry and we
hope that we can earn your support. So on today's show,
we're going to get caught up on some questions that
(01:32):
you guys, partners and non partners alike, have been sending
in and we're going to get some encouragement from the scriptures,
and we'll start with that. So today we're in Proverbs
eleven eighteen. It says evil people get rich for the moment,
but the reward of the godly will last. So in
(01:53):
the scripture we see the contrast between the temporal and
the eternal. Both the wicked and the righteous can quote
unquote get rich or at least successfully meet well thought out,
realistic financial goals through prudent savings and investing. Anyone that
(02:15):
applies solid financial principles has a really good chance of
being able to meet goals like purchase a home, send
their kids to college, or retire at a certain age.
Developing a budget and sticking to it tames our bent
to covet what other people have, and it helps to
(02:37):
keep in check the lust of the eyes that focus.
Speaker 3 (02:41):
On material wealth.
Speaker 2 (02:43):
But if we really want to go deeper and seek
riches that will last, eternal riches. We must intentionally connect
what we are doing in the natural with spiritual principles.
For example, when we invest, we consider it and intend
for it to be an act of worship. Man looks
(03:05):
at the outward things, the money, the four O one K,
the house, the cars, and considers a person successful are
unsuccessful by what they see. But God looks at the
heart of a man. He looks past all of the
material things and sees what's in our heart. So when
God looks at at the way that we did our
(03:27):
financial planning and investing, will he see a heart that
desired the riches of the world, or will he see
a heart that looked forward to eternity, a heart that
valued him above any temporary riches. Long term takes on
a whole new meaning when we look at it through
(03:50):
the lens of scripture. It's not long term, is not
ten days, ten months, or even eight to ten years.
Long term is eternity. We can't even put a number
on it. So that's why we at financial issues have
been called. We've been called to give you a practical
way that you can honor the Lord in the way
(04:13):
that you invest. It's called biblically responsible investing and BRI
as we sometimes refer to. It is not some religious
rules based strategy used by Pharisees to earn God's favor
in the form of great investment returns. Instead, it is
a practical way to go the extra mile to show
(04:34):
God that we acknowledge that all we have is His
and that we will, to the best of our ability,
keep what we have been trusted to manage from funding
dark agendas.
Speaker 3 (04:48):
Did you want to weigh in?
Speaker 4 (04:48):
God Love to you, Shanny. It reminds me of dan
Celia's old quote. Do you see the time you don't
see U hauls behind herses? You know we're not taking
anything with us. It is true that so many peopleeople
desire to be rich for the moment. They desire to
be rich here, but they miss out on true riches,
and they miss out on true long term investing. Like
you said, eternity is a really long time. It's a
(05:10):
lot longer than eighty years or ninety years. We got
to get our hearts right, Yeah, yeah, yeah, good step, Yeah, absolutely,
thank you for that, sham.
Speaker 2 (05:19):
Let's see if we can impart some consent with someone
are practical.
Speaker 4 (05:22):
That's that sounds great. First question comes from Joseph Shanna.
He's sixty two years old. Rather interesting question here. So
he has a particular holding that always is in the red.
He doesn't want to sell and lose, though when do
you bail versus holding out? He's got some He mentions
he has some unrealized gains compared to this particular holding.
They seem to be a lot more severe than the
(05:43):
unrealized gains. What can you educate him or suggest to
him in any sixty two?
Speaker 2 (05:47):
By the way, Yeah, so he does give us two
specific companies, neither of which we follow. So I don't
really have anything that I can say specific to the
to companies, but I can speak in general. One of
them that he gives us is not biblically responsible, so
it fails. It fails some of the screen for biblically
(06:10):
responsible investing. So to me, that's reason enough to get
rid of it. I don't need any other reason, whether
it's performing well or performing badly. If I find out
that it's not biblically responsible, it's a no go for me.
Speaker 3 (06:27):
It's a it's a non negotiable.
Speaker 2 (06:30):
You have to answer that question on your own whether
that's enough for you to get out of a company
or not. So we don't follow the other either of
the companies actually, but to evaluate a company, you've got
to look at fundamentals. You've got to look at the
bones of the company. What are their sales like, are
(06:50):
they increasing? They do they have a pattern of increasing?
What about their earnings? That's you know, when you get
to the bottom line, that's how they manage their income
and their expenses. Is you know, if you make a
whole lot of money, but you're you're spending it on
stupid things, then what falls to the bottom line, you know,
is not good. So if your earnings are good in increasing,
(07:11):
if your sales are good in increasing, that indicates, uh,
you know, a strong argument that the company will will
be successful in the future. So you also have to
look at things about like like how it's valued. You know,
how long is it? Is it at a price that's
is it at a high price relative to certain other things,
(07:35):
to its peers, to its historical performance? Is it a
good you know, is it a good entry point? Is
it a realistic entry point? Is the is the expectations
for the company priced so highly or has the company
valued so highly that if any bad news it all
comes along, it's gonna topple. You have to look at
those things. You have to look at how long the
(07:57):
current management has been in charge and what has been
their record of success. If the company has a long
track record of success, but maybe they have a new
management team, maybe that's you know, something that you want
to look a little closer at. On the other hand,
if they have had a bad track record but they
(08:17):
now have new management, is that does that manager uh
you know, does that new CEO or new CFO. Do
they have a long track record of success that they
can potentially bring to that company and turn it around.
You also need to know what's happening in the industry.
So if it's a company that's down and all of
(08:38):
their competitors and all of their peers are down to
maybe they're just going through a rough spot in the economy.
Maybe they're in a cyclical business that's tied to a commodity.
Maybe they're in the shipping business, or they you know,
they they mind for iron ore and you know, the
industry is under pressure. If it's the whole industry, maybe
(09:00):
you just stick with it. If it's something company specific.
That's where I think you want to take a harder
look at it. So you know, when you invest in stocks,
you have to go in knowing that there is risk.
There is risk to anything that you can do in
the investing world, including just sitting on your cash. The
(09:21):
risk to cash, of course, is inflation risk. It's that
prices go up and the value of your dollar, or
the purchasing power of your dollar doesn't go up, so
it buys fewer goods. There's risk in investing in CDs,
even if you have to get your money out early,
maybe you have to incur a penalty. There's also that
(09:44):
interest rate risk, if the risk that you're if the
interest that you're earning is less than the rate of inflation.
That's a problem too. And of course everybody knows the
kind of risk with stocks. That's market risk. That's risk
that the company will not do as well as it's
expected to do and your return won't materialize. So you know,
(10:06):
you should always expect to have some losses. I mean,
he points out too that he's down in but you know,
I would be curious to know about the other holdings
in this portfolio and how the portfolio has performed as
a whole.
Speaker 3 (10:18):
But you know that's just the way that it goes.
Speaker 2 (10:20):
A lot of times we tend to focus on the
things that are underperforming. So you know, the moral's story is.
You know, if you invest in a prudent way, I
think it's realistic to expect more wins than losses over time.
All right here the music that means we got to
take a break, but we're going to be back after
(10:41):
this break.
Speaker 3 (10:42):
I'm your host, Shanna Bert. Stay Tuned.
Speaker 5 (11:03):
Security is offered through ga Repel and Company, a registered
broker Dealer and Investment Advisor member FINDRA and SIPC. Opinions
expressed by Shanna are hers alone and are for informational
purposes only and do not necessarily represent those of GA
Repel or the outlet on what you are listening. You
should consider how the information applies to your situation prior
to personally implementing it, and consult any financial professional you
(11:26):
work with to make sure it's applicable to your financial plan.
Speaker 2 (11:35):
Welcome back to financial issues. Thanks for sticking with us here. Well,
I think we're going to continue on. Got quite a
few questions. I don't know if we can get them
all in today. But let's give it a shot.
Speaker 4 (11:45):
Yeah sounds good, Channe. Let's start with Mike. Mike is
thirty nine years old. He's saying, I'm building a growth
portfolio seventy percent allocated. I bought M A five and
M A fifty five in a brokerage account, but just
learned about the twenty eight percent collectible's tax rate. Should
I sell these holdings now and rebuy them in my wroth,
provided that I sell some holdings in my WROTH and
(12:05):
rebuy them in my brokerage. So he's doing a little
dosy dough here, Shanna, there's no cash left in my wroth.
Sixty percent of my portfolio is in the wroth, forty
percent is in the brokerage.
Speaker 6 (12:15):
What do you think?
Speaker 2 (12:17):
Yeah, so with that sixty forty split, I think that
I would want to see the most aggressive parts of
your portfolio in the WROTH. So I wouldn't try to
sell any of your technology stocks or anything that's marked
aggressive and re buy it in the non qualified account.
(12:39):
But what I would say is, you know, talk to
your CPA or tax prepayer first. Just have to give
the disclaimer that I'm not a tax professional, but you
know ETFs can be eligible to qualify for normal long
term capital gains rates if certain forms are filed, So
you may want to talk to your tax prepair about,
you know, if you need to do that, if it's important,
(13:01):
and how to do that. But selling and repurchasing in
the wrath is an idea to consider if you have enough,
you know, more conservative pieces of your portfolio to have
in your non qualified account. But you also have to
consider a game. It says that you just bought it,
so maybe you don't have a huge gain. That tells
(13:24):
me that if you do have a gain in it
at all, it would be a short term game, which
would be taxable at your ordinary income tax rate anyway,
So if it's not that big at this point, then
it's probably a moot point. But I would have the
conversation with a tax professional first see how big of
a deal it really is, and then make the decision.
Speaker 4 (13:46):
Awesome Shannon up next is get this a different mic,
but asking about those same two holdings sounds like yeah,
but I know he's different because he's sixty eight, so
there's been national difference there.
Speaker 6 (13:55):
This mic is.
Speaker 4 (13:56):
Saying, good morning, I'm low in the commodity sector. I
see two eats listened on the by list M A
five m A fifty five in particular, would physical gold
or silver be an equivalent? And if so, how would
I add that to the portfolio tracker? And again this
mic is sixty eight.
Speaker 3 (14:12):
Yeah, so that's a good question.
Speaker 2 (14:13):
So yes, they would be an equivalent and probably the
better choice of the two. Not as convenient to hold
as the ETFs, but yes they would be the same.
So the way that you would do it, and I'm
going to say this fast, but I'll tell you this,
you can always go back on the podcast or on
the phone app and you can get the recording. So
(14:34):
if you ever miss something coming on the tail end
of something, you can always you know, rewind it or
you know, listen to it again. So the way that
you do it on our portfolio tracker is to use
the symbol for cash. You can use whatever symbol that
you use for your cash money market as long as
it comes up as a value of a dollar. If not,
(14:55):
you can use our proxy, which is fd as a
dog you as an umbrella x x x ray so
fd U x x and then when you put that
in it'll come up as a value of a dollar
and it'll always stay as a dollar, And so for
the quantity, you just put the value of whatever you have.
The downside to that is that it's not going to
(15:17):
update with the value, so like if the price of
gold or the price of silver goes up, it's not
going to update, So you'll have to kind of manually
do that. But it doesn't really matter on a day
to day basis because you're not going to be rebalancing
your account day to day. I would only update it
as you are working on the portfolio, So you use
the fdu xx symbol and then you code it to
(15:41):
when you get to the style box, you code it
as growth, the same information that is on those ETFs
that you mentioned, So you growth for style. In the sector,
put commodity, and then in the industry either match to
gold or silver, whichever one you're working on.
Speaker 6 (16:03):
And jah this is the follow up question I had.
Speaker 4 (16:05):
I don't know if any of our audience members were
wondering this, but I was wondering it. So I know
what an ETF is, and I know what gold and
silver are, but how does a gold or silver ETF work?
Speaker 6 (16:14):
Is it just backed by the value of gold or silver?
Speaker 2 (16:17):
The one that we have on our list actually holds
physical Okay, so yeah, you know it's based on the
real thing.
Speaker 6 (16:27):
Yeah, nice, nice, that's awesome. Thank you.
Speaker 4 (16:29):
Jenna Rex is up next to here, fifty six years old.
He said, I saw there is a cell alert for
UT sixty eight. I will sell, But is there an
alternate in the same sector.
Speaker 2 (16:38):
Yes, so UT sixty is one that is in the
same industry and has a similar dividend. But before you
just swap one out for the other, I would encourage
you to use your portfolio tracker. Check your portfolio and
you can drill down. When you have all your holdings
(16:58):
listed there, you can work them by sector and you
can get just down to the utilities and then you
look at that industry and see do you have different
holdings in different industries, because that's going to give you
some diversification within the sector. So if you already have
something in the same industry as the stock in question
(17:23):
that you're going to be selling, maybe you want to
replace it with something that's a little bit different but
still within the same sector.
Speaker 3 (17:30):
So that's that's kind of the thought process.
Speaker 2 (17:32):
Of why we added that industry category in the new website.
Speaker 6 (17:36):
Awesome.
Speaker 4 (17:37):
All right, here's a good question Shanna from Donna. Donna's
sixty five, and she's wondering, how does the Big Beautiful
Bill affect taxes on your goes controversial topics, social Security benefits?
Speaker 6 (17:48):
What do you think?
Speaker 2 (17:49):
Yeah, so you know, one of the campaign promises that
President Trump made was to eliminate taxes on tips, over
time and social Security. He the Big Beautiful Bill did
deliver that in a very meaningful way. But it's not
as simple as it as it sounds. So the way
that it turns out, I think taxes are going to
(18:10):
be eliminated for somewhere between eighty five and ninety percent
of Social Security recipients. And it does it in this way,
so it gives those who are sixty five and older
an extra deduction of six thousand dollars per person. So
you're if you're sixty five and you're married to someone
who's sixty five, you get an extra twelve thousand dollars
(18:32):
on top of either the standard or the itemized deduction
that you're claiming on your taxes. So that what that
essentially does is it makes more of your income tax
at zero percent. So if you're married filing jointly, and
(18:52):
you use the standard deduction plus you get you know,
both parties to get the sixty five plus new deduction
and the older deduction. You end up having somewhere over
forty thousand dollars worth of deductions. That means the first
you know that forty somewhat thousand dollars of your income
is taxed at zero percent, So it definitely does help.
Speaker 4 (19:16):
Can't beat zero percent, Shannon, that's pretty zero. That's right,
great stuff, Shanna, Thank you. Joseph is up next here.
He's asking about CD forty five and he's seventy three
years old. He says, it's been stagnant for a long time.
I'm down fifty percent and I don't have any hope
of growth, and the dividend is low.
Speaker 6 (19:33):
I have it in a wrath. Should I sell and
move to a better stock.
Speaker 2 (19:38):
That's a tough call, because you know, I don't know
what else is in the portfolio. I don't know really
much about the person's risk tolerance.
Speaker 3 (19:46):
But here's what I can say.
Speaker 2 (19:48):
So the company pays around a two percent dividend officially,
it is a hold on our list. The worst is
probably over for the company. It is a decent long
term home. But if your goal is to get more
growth or more income, those are two different goals. But
either way then then you could consider selling it. But
(20:10):
it is a it is a very a very decent
I'll say that long term growth and income hold.
Speaker 4 (20:19):
Yeah, And Shanna, you know, I'd love to know Joseph
what which type of investment for our strategy he's in.
But based on his age, I would think it'd be
growth and income, but I'm just not sure.
Speaker 6 (20:29):
So I don't know if he wanted to follow up
on that, maybe you could.
Speaker 1 (20:31):
Yeah.
Speaker 2 (20:31):
Yeah, good sounds to me like he's dissatisfied with the
growth part of it.
Speaker 6 (20:35):
Yeah.
Speaker 2 (20:36):
If you're you know, if this is supposed to fill
a growth need for you, maybe you want to look
at something different.
Speaker 4 (20:43):
Yeah, definitely good stuff, Shanna. So we got a question
last week in the chat. Harvey from Louisiana was asking
is the portfolio Tracker complete or are modifications underway?
Speaker 3 (20:57):
Nothing's ever really complete.
Speaker 6 (21:00):
Just continually getting more refined.
Speaker 4 (21:02):
It's kind of like your your sanctification, Shan, are we
have a really there until we get the glory?
Speaker 6 (21:06):
Not quite yet.
Speaker 2 (21:07):
Yeah, so there's always room for improvement. I would say,
but you know, the portfolio Tracker and the new website
I think is very very much improved. It's very usable, Yes,
it's very usable. It's a user friendly. We've added more features,
we've added more columns, We've all in efforts to help
you understand the pieces of the portfolio more and how
(21:32):
everything integrates together. We've added a new pop up feature
that even calculates for you how much more or less
you need in a sector from a dollar amount.
Speaker 3 (21:43):
So you know, it was really structured off.
Speaker 2 (21:46):
Of the way the way that I actually implement the
financial issue strategy for in my practice and for my clients,
and so it really gives you all the tools that
you need to be able to manage and make good
investment decisions for your portfolio. There are some more things
(22:07):
that we'd like to do. Of course, if you've ever
worked on website projects and technology, then you already know
that those things are very expensive.
Speaker 6 (22:17):
So we're trying time.
Speaker 2 (22:19):
They do take time, So we are, you know, we
are trying to be good stewards and way out. You know,
if we do spend this money, is it going to
provide a material enough benefit. So there are some things
that we'd still like to do. There's always room for improvement,
but for now we don't have anything in the immediately
(22:41):
in the hopper.
Speaker 6 (22:42):
So awesome. That's great stuff, Shanna. We knocked out a
lot of them today. That was a good day's work
as they can.
Speaker 3 (22:49):
I think we're about out of time, aren't you.
Speaker 6 (22:50):
Yeah, we're getting we're getting close to it.
Speaker 2 (22:53):
Well, folks, thanks so much for tuning in today. We
want to make sure that you know all of the
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(23:16):
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(23:37):
because we want to be here to help you remember
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There's going to be a test and our goal is
to help you be found a good and faithful steward.
Any given me its well, stick around. We've got more
financial issues to come.
Speaker 4 (24:06):
Well, folks, thanks for joining us today on financial issues.
Hope you're enjoying the show so far. It was great
to have Shanna on there. Hey, quickly, I want to
share something with you. So over the weekend, Congress passed
the Genius Act, so voted Thursday actually to pass trio
of cryptocurrency bills. The Genius Act being one of them,
establishes a framework for private companies to issue stable coins,
and the will also pass the Senate, so it's headed
(24:26):
to Trump's desk. I wanted to share with you, folks
a clip that I did several weeks ago with Jason
McDowell which actually he was talking about the Genius Act
in this clip. At the time had just kind of
been getting some wheels under it, so it may help
us understand this a little bit more. Here's that clip
that I did with Jason from several weeks ago. Budy,
we're just a couple of geniuses here, Jason talking about
(24:47):
the Genius Act. I'm excited for this, so we'll get
into this right now. Brother, give us a sense of
kind of what's going on here, Jason, when we're talking
about this Genius Act, the Congressional updates to it, what
it is, What is the sense of this year?
Speaker 6 (25:00):
Brother?
Speaker 7 (25:01):
Yeah, that's great. I'll reserve the genius name for you
with this one. Let's shay at the tail end.
Speaker 6 (25:07):
That's very just, that's okay, yep.
Speaker 7 (25:10):
So back in April of this year, actually twenty twenty five,
we spoke of the Genius Act and what I thought
was once a dead bill is in the Senate, was
revived with some adjustments and amendments. The Genius Act now
has passed the Senate. So there's been a lot of
traction with that, even to Trump wanting it with the
BBB bill, So we're thinking this week is his goal.
(25:32):
So Congress, I don't know if it's going to act
on that. But on June seventeenth, the Senate passed the
Genius Act overwhelmingly with bipartisan vote sixty eight to thirties.
So they wanted this to go through. So this marks
a significant milestone in advancing federal stable coin legislation. So
a lot that I talked about back in April was
about defining payment stable coins. These aren't investments, these aren't securities.
(25:55):
These are payment cryptocurrency, essentially things that will replace the
dollar as an option when you're purchasing items around the globe.
And I'll make that make sense a little bit later.
Speaker 4 (26:06):
Okay, So and Jason really really quickly here that we've
we've heard about central bank digital currencies.
Speaker 6 (26:12):
Does this have anything to do with those or is
this something different?
Speaker 7 (26:16):
It was an attempt to but the idea behind it
was decentralization from a central bank, got it regulated by
the government. Now this bill is still going to have
regulations by our federal government, so it's not going to
necessarily be decentralized. It seems like it still involves the
government and that's essentially what's coming through. And of course
(26:38):
you know the government likes that, so good.
Speaker 6 (26:40):
Thanks.
Speaker 7 (26:41):
This goal is to pass. They want to pass the
Genius Act, get it through the House to Trump's desk
with the BBB with the big beautiful bill, so by
July fourth, so this week, who knows what could happen.
We don't know what the House is going to do
with it. So the Genius Act established is a regulatory
framework for payment. Stable coins is defined as a digital
asset coins designed for payment listed by a stable coin issuer.
(27:04):
We'll talk about that here soon. That maintains the coin
will hold a stable value or one to one relative
to a fixed amount of monetary value, think like a
dollar one to one dollar just called something a little
bit different. So previously mentioned we discussed holding the value
based on gold or US treasuries or dollars. Now, the
amendments were to address some state regulation out of state
bank subsidiaries. Essentially, what it wants is to expedite any
(27:27):
review and establish existing banking essentially networks and laws across
the states to charter depository institutions include trust companies. So
really at the end of the day, they want to
expedite this once it gets through to allow stable coin
issuers and for states to be able to communicate plain
(27:50):
and simple. That tells me speed. They want to implement
this pretty quick, and that's what was added to the amendments.
Now the legislation also is going to head to the House.
The House side of its own sister act called the
Stable Act. It focused primarily on keeping a dollar denominated
stable coin payment. So it was basically keeping that there,
(28:11):
Trump on June eighteenth urged the House to pass the
Genius Act without any changes to the legislative text from
the Genius Act. So what came out of the Senate,
President Trump wants that to stay exactly how as it
is and get to his desk with the BBB. So
that's telling me now that this administration is really supporting this.
(28:32):
So that's kind of where I don't know if the
House is going to clog it up and it's going
to come after the fourth, but we know this administration
wants to sign it all together. So there's some bills
coming behind the BBB that are going to go to
his desk that I haven't been tracking that may be
with this so.
Speaker 4 (28:46):
Interesting stuff there, Jason, So my in your estimation of
studying this and when we I'm sure even know this
from hearing me on the show and you know, talking
with me with this kind of stuff, I'm like, so
averse to any kind of government intervaal with this stuff.
Regulation can be a good thing, And that's what I'm
really trying to figure out here in your estimation. Is
this overreach or is this simply regulation that could actually
(29:10):
end up being a good thing for something like we've
talked about, cryptocurrency is like the wild West, So maybe
regulation could be a good thing. What are your thoughts
on that.
Speaker 7 (29:18):
Well, it defines what a state payment stable point is
and allows the exchanges to finally review the SEC view. Hey,
cryptocurrency and the light of regulation. That's what they needed
because the SEC before battled with the idea of it's this,
it's that, what is it defined it? They can't define it.
It's better when our government can define it so that
everybody can act accordingly in compliance. And that's where this
(29:40):
bill is the pro side of it, the government overreach.
When does the government ever not for reaching with anything
they pass. So let's just I know for a fact
that there will be overreach of force with this, but
it's oking us more. It's closer to a biblical side
that we'll end with here. So I'll want to move
on to stable point issuers and their IPO. So the
(30:01):
Genius Act defines a payment stable coin as a digital
asset that maintains a fixed value through backing by Fiat
currency or other secure reserves. I kind of went over
this before. A Federal reserve Governor, Christopher Waller said I'm
going to repeat his quote that I did from April
as well. Fiat currency in one country is converted first
into a US dollar stable coin, then that stable coin
(30:24):
is transferred to another individual, and then finally the stable
coin is converted back into the local fiat currency at
its destination. Think of this as if I was traveling
to Paris and I have a stable coin and they
accept it there. It's instantaneous without any fees for conversions.
So you can look at this as a world application
of global banking happening instantaneously without all the fees. But
(30:47):
I'm still using my US dollars without any exchanges or
any price adjudgments based of that exchange and what they
use in that local area. So this will reduce the
complexity of a series of banking networks, improving the transparency,
cost and timeliness. So it's fast, it's more secure, and
it's without the fees that the banks and the traditional
(31:07):
global system has now So in a simple way, payment
stable coins would replace dollars as an option for checking out,
and this bill will legalize private stable coin payment issuers.
So think Amazon or Walmart. I like to think of
it as Amazon has its own coin. Maybe they do something.
In my own opinion, maybe they do something like a
(31:28):
cash back option from the Amazon credit card and you
get one of the Amazon coins to use. It's backed
by the dollar or whatever that's there. This could be
a way where they implement it in your everyday life
of what you're doing already today. So that's where I
see this going. But I could be wrong. So all
of this, I could be wrong with my opinion and
how I'm looking at it. But it's very interesting. Let
(31:49):
me talk about a issuer that had an IPO recently.
So coin Desk data talks about the market capitalization of
stable coins hitting all time high this year at two
one hundred and fifty two billion, up twenty two percent
this year, of course, at the same time that the
Genius Act passed the Senate, so it's pretty interesting. So
(32:10):
there's two market shares our market value right now. The
number one market value of the payment stable coins is
the dollar tether, so it's USDT. So the majority of
stable coins are using that dollar tether or think about
it as peg to the dollar, so we already know
the denomination of what that one's using is the dollars.
The number one there's also us DC or think dollar coin,
(32:33):
so that's the second largest stable coin market value is
using the us DC. Now there's an IPO issuer called Circle.
This is not part of the FISM strategy, by the way,
I'm just talking about what's happening in the news. So
this company's Circle went public on the New York Stock
Exchange in June of twenty twenty five. It's successful. IPO
(32:54):
is now up over seven hundred percent, which signaled a
strong market demand with institutional support. So that institutional support
really caught my eye for the regulated digital assets. Also,
what Circle success has come from is through his partnerships
with Visa, Massacard, and a crypto exchange called Coinbase. So
(33:16):
the direct competitors to payment stable coins is the transaction
companies like Visa and Massacard that charge fees. So they
are partnering with Circle to speed up the integration of
stable coins into mainstream finance. So it's being implemented. I
feel like as fast as AI was and news right,
(33:38):
AI is being forced on us and it's just everywhere
out everybody's including it. This is showing some language of
supporting that speed and that integration. So what also Circle
does is it challenges the global banking secure system called
Swift to communicate and authenticate transactions basically global. So Circle
(33:59):
would be a FA with reduction in costs of zero
fees and more secure. So I find this interesting that
the global the competition is actually partnering with this specific
company and that's where that success has come from. Now,
there's plenty of other private you know or uh private
stable coin payment stay of coin issuers that are out
there and exists. I was just using this example as
(34:20):
a very successful one with institutional support. So we're seeing
this speed up pretty quickly. I keep thinking of it
like AI. It's just happening really fast and going really fast.
And now that the government wants to open up the
doors to it with the Genius Act and this administration
wants to sign it, this is happening pretty quickly, a
lot faster than I probably would have expected, so especially
(34:41):
for our government.
Speaker 4 (34:43):
Well, folks, I hope that made some sense to you.
I love hearing Jason's insight on that. You know, there
are some other, uh several other actually crypto currency acts
that made their way through some of the different chambers
over the weekend. So coming back on the other side
of the break, we'll talk a little bit about those
and kind of see what up with that.
Speaker 6 (35:01):
Appreciate all of you joining us today for financial issues.
We've got more coming up right after this.
Speaker 7 (35:04):
Stick with us.
Speaker 5 (35:27):
The opinions and recommendations expressed on this program do not
necessarily represent the opinions of the station or any of
the program sponsors. Additionally, all products or services offered by
the program sponsors may not be known by the program folks.
Speaker 4 (35:44):
I do appreciate each of you joining us today, and
it's just a moment. We'll do a little chat run
down and see all of you there.
Speaker 6 (35:49):
Great to have you quickly here, though, Let's take a look.
Speaker 4 (35:52):
So, as I mentioned, the Genius Act was not the
only sort of cryptocurrency like act that we saw over
the end of last week into the weekend, we also
saw the Clarity Act and the Anti CBDC Surveillance State Act. Now,
the Clarity Act would establish a new framework of cryptoregulation,
and the Anti CBDC Surveillance State Act would prevent the
(36:14):
Federal Reserve from issuing a central bank digital currency. Now,
both of these still need to pass in the Senate,
but nonetheless, folks, that's great news. I know there have
been really since probably the last i'd say at least
two years, maybe longer, there have been this kind of
sort of underlying fear that there would be a central
bank digital currency. Now this doesn't mean that there can't
(36:36):
be one in the future, but this really helps in
preventing one, I think, and possibly tomorrow we'll see if
we have time on it, but we might address a
question or two we've gotten recently on cryptocurrency and its
impact as it pertains to the dollar, other global issues
like that. But nonetheless, folks, this is fantastic news. I
don't need to tell you. You probably know this already,
(36:56):
but if you're new to our show and you're not
really familiar with what a central bank digital current andcy
potentially could be, it would essentially be a digitized currency
that is in complete control of the United States Central Bank. Now,
for some people that could be really convenient. For people
who understand the need for money to be able to
be free and uncontrolled and not be influenced by wicked,
(37:17):
evil powers, that could be a really, really bad thing.
And of course there's always talks about, okay, well, what
kind of power could be gained by a centralized government
if they had control of the monetary system. So an
act like this is great news for that because it
means that your money on some level can still be
at least free. Now there's always there's going to be
some tracking anyway, but I think this is good news nonetheless.
(37:40):
So anyway, we might talk about that tomorrow if we
have time for it. Let's get to the chat here
really quickly. I saw several of you in there, Daryl,
good to see you this morning, Daniel as well, Nelson,
Hello Nelson, James and Texas. Who else do we have
that we have? Elliott from Virginia. Good morning, Elliott. Thanks
for bringing up your mentioned on the website.
Speaker 6 (37:58):
Brother.
Speaker 4 (37:59):
We'll take a look at that for sure. John and Alabama.
Daniel in Tennessee as well. Great to see you guys.
Speaker 6 (38:05):
John.
Speaker 4 (38:06):
I'm glad that you have your copy of All for
the Master. That's a great book by our founder, Dan
Celia for sure. Brian and Caara, good to see you both.
Brian and carry you asking an interesting question there does
any institution move the market? I think, sadly some of
them do. Unfortunately, you mentioned the Federal Reserve being one.
I think even and even when there's a good administration
in there. I think the presidential administration has a lot
(38:27):
to do with where the market goes. I don't think
it's necessarily purposefully pulling the strings and doing things like that,
at least not always. But I do think that a
lot of investors are fearful and they see what the
current administration does and they react accordingly to it. So
in that sense, I think that also moves the market. There, Eddie,
good to see you this morning, Eddie from Tennessee. Wonderful
(38:47):
to have all of you here on the chat, and
hello to all of you watching as well on social
media and on the radio. Also, we're happy to have you.
Let's hear from Greg Hawgard real quick here, folks, on
today's AGG update. Then we'll take a look at some
other financial headlines before we sign on off for the day.
Speaker 6 (39:01):
Here's Craig Holgard that we'll be right back.
Speaker 8 (39:05):
This is Craig Holguard with your financial issues. EGG update
for July twenty first. Corn pushed higher Friday due to
a forecast of hot, dry weather starting in the West
early this week, which will then spread east. The forecast
had funds liquidating some of their short position as we
headed into the weekend. Now much of the corn crop
is either pollinated or will be shortly so how much
this week's heat affects yields it's pretty debatable, but in
(39:27):
Friday the thought of future threats trump the current circumstances.
December corn finished today six and three quarter cents higher
at four to twenty seven and three quarters. Hot temperatures
are not yet an yield issue for beans, but it
seemed to be the main catalyst for Friday's support. One
thing to keep an eye on is soybean oil. It's
up seventeen percent since the EPA's proposed renewable volume obligations
(39:49):
in June, so at some point that run is going.
Speaker 3 (39:51):
To come to an end.
Speaker 8 (39:52):
November beans were nine and a quarter cents higher for
this session, closing at ten thirty five and three quarters.
All classes a week were higher on Friday. Port came
from corn and soybeans, along with technical buying, which carried
the day as there really wasn't any other fresh news.
Minneapolis September week was a half cent higher at five
ninety five and a half. Kansas City rose by eleven
and a half cents, closing at five twenty nine, and
(40:13):
when Chicago twelve and three quarter cents higher at five
forty six and a quarter, Cotton futures just continued to
wander aimlessly sideways. December futures finished the session twelve points lower,
closing at sixty eight sixty eight.
Speaker 6 (40:26):
Livestock futures were mixed.
Speaker 8 (40:27):
We had October live cattle futures fifty cents lower two
hundred nineteen dollars eighty two and a half cents per
hundred way. September feeder cattle declined by one dollar twenty
two and a half cents as they closed out the
week at three hundred and twenty four dollars and twenty
cents per hundred and October lean hog futures were two
and a half cents higher, ending the week at ninety
dollars sixty two and a half cents per hundredweight. Last
(40:48):
remale futures were able to keep their rally going. When
the closing bell finally sounded, we had August futures up
five points at seventeen seventy seven. This has been Craig,
how guard with your financial issues.
Speaker 6 (40:58):
Egg update.
Speaker 8 (40:59):
We'll be right back with more financial issues after this.
Speaker 6 (41:05):
There's Craig Howgard. Folks.
Speaker 4 (41:06):
We also have Lisa in Texas forgot you Lisa. Good
to see you there this morning in the chat. All right, folks,
a couple quick headlines here. So we got consumer inflation
outlook that came late last week. This was the University
of Michigan's survey of consumers for July showed overall sentiment
rose one point eight percent from June to sixty one point.
Speaker 6 (41:25):
Eight that's the highest ince February.
Speaker 4 (41:27):
Keeping in line with estimates there on inflation, the outlook
at both the one and five year horizons fell to
their lowest levels since February. So that's what that's looking
like there, folks. Elsewhere in the more moving to now
global news here if you were looking at it actually
this morning, the markets were reacting to it somewhat. But
Trump has been playing hardball with the EU.
Speaker 6 (41:48):
I personally like this. I think that's good.
Speaker 4 (41:50):
Sources telling the Financial Times President Trump is demanding a
minimum tariff of fifteen to twenty percent from the EU.
Of course, this is all keeping an eye on now.
About ten days from now that deadline. Should a deal
not be reached, Trump would then slap a thirty percent
tariff on all EU imports again, that's starting August first.
Last week, Italy's Foreign minister said in response, the EUS
(42:11):
preparing a list of tariffs on US goods worth over
about twenty four billion. The foreign minister set he's hoping
for zero tariffs an open trade among not just the
United States, but also Canada, Mexico and within Europe too.
So on Friday, the indices fell back from their record
highs partially as a result of this. All three were down.
They were just uncertain. They were just uncertain of those
(42:32):
latest news headlines. They tamed a bit in mid afternoon.
By late afternoon they made a cavalry charge, especially the
SMP and the Nasdaq, trying to finish the day above
the flat line. The Nasdaq was able to do so barely.
The S and P five hundred fell just short, but
they were both basically flat line finishes. The dal Jones
finished down about a third of a percent, so really
nothing to sneeze app It.
Speaker 6 (42:53):
Was mostly a good week last week.
Speaker 4 (42:54):
The Dow was slightly down, but the S and P
five hundred for the week finished about point six percent
positive and the NASA deck a full one and a
half percent positive.
Speaker 6 (43:02):
For the week.
Speaker 4 (43:03):
So the pre markets this morning they were up a
little bit. The EU scrambling to get that deal done
with the US. I saw a quote this morning. I
thought it was interesting Howard Lutnick said. This was from
over the weekend. Actually, that August first deadline. There's been
some talks as to whether or not that's an actual
hard and fast deadline or if it's just sort of well,
we'll see what happens when we get there. But Lutinix
seemed to confirm that that is indeed a hard deadline.
(43:26):
So on August first, he said, quote, the new tariff
rates will come in. He also added, nothing stops countries
from talking to US after August first, but they're going
to have to start paying the tariffs on August first.
So August first is that payment deadline. Even if it
comes and goes, there's still the possibility that they can
negotiate something, but the payments have to come in there
from that point. So currently, to open up the week,
(43:48):
let's see what the markets are looking like here, all
positive territories. The dal Jones is up a quarter, The
S and P five hundred is up a fifth, excuse me,
up a half percent. Almost and then the Nasdaq leaning
to towards three quarters of a percent positive new record highs.
Speaker 6 (44:03):
So that's what it's looking like this morning for the markets.
What to expect this week?
Speaker 4 (44:07):
Not much today, Tomorrow, FED chair Jerome pal does speak
to a group of bankers tomorrow, so that will be
at the European Central Bank Forum in Portugal. That's again tomorrow,
I believe that's eight thirty Eastern time.
Speaker 6 (44:22):
I want to say.
Speaker 4 (44:22):
Then Wednesday we get existing home sales for June. Thursday
we get the SMP Flash US Services PMI for July.
Speaker 6 (44:28):
Friday we get Durabile goods orders for June.
Speaker 4 (44:31):
Another thing that the markets will be taking a quick
peek at this week probably will be earnings calls. We
get a couple big tech heavy hitters out this week,
So today we get Verizon, a couple others. Tuesday we'll
get Coca Cola, Philip Morris, not much else. Wednesday is
the big day, folks. Wednesday we get Alphabet of course,
that's the parent company of Google, as well as Tesla
and some other tech and sell companies.
Speaker 6 (44:51):
Thursday get Union Pacific, a couple others.
Speaker 4 (44:54):
Friday HCA Healthcare and a couple others as well, So
I think the markets will probably be keying in on
when day's numbers with alphabet and tesla, and I presume
that those will not break until the end of the
trading day. So that's what we're looking like for earning
season this week, folks. A couple of quick hitters here
to close out our show. American Express surpasses profit expectations
(45:17):
on robust spending. Also, three LA County Sheriff's deputies sadly
were killed in an explosion at a training center, and
I thought this was kind of an interesting one here.
The Trump administration guidance is encouraging robust religious accommodations for
federal employees. I'm a big fan of that, absolutely, especially
when you consider the fact that federal employees are paid
(45:38):
by us. We are their bosses. I would be all
for federal employees being able to enjoy robust religious accommodations,
especially though if that religion is the Christian religion, the
only true one as I know, there are, by God's grace,
certainly a number of federal employees in our governmental system
who do claim the name of Christ orfully good news,
(46:01):
So interesting stuff there to see folks, it's going to
be a busy week, I think this week. Just so
you all know, Sam is out this week, so I'm
gonna miss him, but we'll be excited to keep things
going here for you. I'm looking forward to tomorrow's show.
I'm gonna be inviting my friend Bob Barber back on
the show tomorrow. He's going to be joining me later
on in the show for a good conversation. I'll be
looking forward to that. I know many of you have
enjoyed our conversations together, so Bob will be joining me
(46:23):
God Willing tomorrow for the show.
Speaker 6 (46:25):
Excited for that.
Speaker 4 (46:27):
Well, folks, I hope you have a wonderful rest of
the day today, and I hope you remember that everything
you have belongs to the Lord. Let's be found good
and faithful stewards with what the Lord has given to us,
all of it, whether it's.
Speaker 6 (46:36):
Your family, your money, your job, your country, the Gospel.
Be a good steward of all of it. And let's
hear those words well done, good and faithful servant. At
the end of it all. God bless you all. Lord Willing,
We'll see you next time for more financial issu Lets
have a.
Speaker 4 (46:48):
Great day
Speaker 6 (47:07):
We ever forget that we're one nation under God, then
we will be
Welcome to Financial Issues, where we join the reality with truth,
helping you make the most of your money by honoring
God with your investments. Now listen then as we give
you the practical tools and advice you need to become
a biblically responsible investor.
Speaker 2 (00:23):
Good morning, Welcome to Financial Issues. I'm your host, Tinabert,
Thanks for tuning in today. Financial Mission Issues is a
ministry that helps to educate people about financial issues from
a biblical worldview. Our mission, our calling here at Financial
Issues is to educate and equip and encourage the saints
(00:45):
of the Church to be good stewards with all of
the resources that God has given us. We hope that
you're a partner. If you're not considered becoming one, it's
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(01:06):
that are on our broad list that you might not.
Speaker 3 (01:09):
Need to own anymore.
Speaker 2 (01:10):
You'll get weekly commentary that's posted up on the website
just for partners, and you'll get invited to a monthly
partner conference call that the general public doesn't get. So
we are a listener and partner supported ministry and we
hope that we can earn your support. So on today's show,
we're going to get caught up on some questions that
(01:32):
you guys, partners and non partners alike, have been sending
in and we're going to get some encouragement from the scriptures,
and we'll start with that. So today we're in Proverbs
eleven eighteen. It says evil people get rich for the moment,
but the reward of the godly will last. So in
(01:53):
the scripture we see the contrast between the temporal and
the eternal. Both the wicked and the righteous can quote
unquote get rich or at least successfully meet well thought out,
realistic financial goals through prudent savings and investing. Anyone that
(02:15):
applies solid financial principles has a really good chance of
being able to meet goals like purchase a home, send
their kids to college, or retire at a certain age.
Developing a budget and sticking to it tames our bent
to covet what other people have, and it helps to
(02:37):
keep in check the lust of the eyes that focus.
Speaker 3 (02:41):
On material wealth.
Speaker 2 (02:43):
But if we really want to go deeper and seek
riches that will last, eternal riches. We must intentionally connect
what we are doing in the natural with spiritual principles.
For example, when we invest, we consider it and intend
for it to be an act of worship. Man looks
(03:05):
at the outward things, the money, the four O one K,
the house, the cars, and considers a person successful are
unsuccessful by what they see. But God looks at the
heart of a man. He looks past all of the
material things and sees what's in our heart. So when
God looks at at the way that we did our
(03:27):
financial planning and investing, will he see a heart that
desired the riches of the world, or will he see
a heart that looked forward to eternity, a heart that
valued him above any temporary riches. Long term takes on
a whole new meaning when we look at it through
(03:50):
the lens of scripture. It's not long term, is not
ten days, ten months, or even eight to ten years.
Long term is eternity. We can't even put a number
on it. So that's why we at financial issues have
been called. We've been called to give you a practical
way that you can honor the Lord in the way
(04:13):
that you invest. It's called biblically responsible investing and BRI
as we sometimes refer to. It is not some religious
rules based strategy used by Pharisees to earn God's favor
in the form of great investment returns. Instead, it is
a practical way to go the extra mile to show
(04:34):
God that we acknowledge that all we have is His
and that we will, to the best of our ability,
keep what we have been trusted to manage from funding
dark agendas.
Speaker 3 (04:48):
Did you want to weigh in?
Speaker 4 (04:48):
God Love to you, Shanny. It reminds me of dan
Celia's old quote. Do you see the time you don't
see U hauls behind herses? You know we're not taking
anything with us. It is true that so many peopleeople
desire to be rich for the moment. They desire to
be rich here, but they miss out on true riches,
and they miss out on true long term investing. Like
you said, eternity is a really long time. It's a
(05:10):
lot longer than eighty years or ninety years. We got
to get our hearts right, Yeah, yeah, yeah, good step, Yeah, absolutely,
thank you for that, sham.
Speaker 2 (05:19):
Let's see if we can impart some consent with someone
are practical.
Speaker 4 (05:22):
That's that sounds great. First question comes from Joseph Shanna.
He's sixty two years old. Rather interesting question here. So
he has a particular holding that always is in the red.
He doesn't want to sell and lose, though when do
you bail versus holding out? He's got some He mentions
he has some unrealized gains compared to this particular holding.
They seem to be a lot more severe than the
(05:43):
unrealized gains. What can you educate him or suggest to
him in any sixty two?
Speaker 2 (05:47):
By the way, Yeah, so he does give us two
specific companies, neither of which we follow. So I don't
really have anything that I can say specific to the
to companies, but I can speak in general. One of
them that he gives us is not biblically responsible, so
it fails. It fails some of the screen for biblically
(06:10):
responsible investing. So to me, that's reason enough to get
rid of it. I don't need any other reason, whether
it's performing well or performing badly. If I find out
that it's not biblically responsible, it's a no go for me.
Speaker 3 (06:27):
It's a it's a non negotiable.
Speaker 2 (06:30):
You have to answer that question on your own whether
that's enough for you to get out of a company
or not. So we don't follow the other either of
the companies actually, but to evaluate a company, you've got
to look at fundamentals. You've got to look at the
bones of the company. What are their sales like, are
(06:50):
they increasing? They do they have a pattern of increasing?
What about their earnings? That's you know, when you get
to the bottom line, that's how they manage their income
and their expenses. Is you know, if you make a
whole lot of money, but you're you're spending it on
stupid things, then what falls to the bottom line, you know,
is not good. So if your earnings are good in increasing,
(07:11):
if your sales are good in increasing, that indicates, uh,
you know, a strong argument that the company will will
be successful in the future. So you also have to
look at things about like like how it's valued. You know,
how long is it? Is it at a price that's
is it at a high price relative to certain other things,
(07:35):
to its peers, to its historical performance? Is it a
good you know, is it a good entry point? Is
it a realistic entry point? Is the is the expectations
for the company priced so highly or has the company
valued so highly that if any bad news it all
comes along, it's gonna topple. You have to look at
those things. You have to look at how long the
(07:57):
current management has been in charge and what has been
their record of success. If the company has a long
track record of success, but maybe they have a new
management team, maybe that's you know, something that you want
to look a little closer at. On the other hand,
if they have had a bad track record but they
(08:17):
now have new management, is that does that manager uh
you know, does that new CEO or new CFO. Do
they have a long track record of success that they
can potentially bring to that company and turn it around.
You also need to know what's happening in the industry.
So if it's a company that's down and all of
(08:38):
their competitors and all of their peers are down to
maybe they're just going through a rough spot in the economy.
Maybe they're in a cyclical business that's tied to a commodity.
Maybe they're in the shipping business, or they you know,
they they mind for iron ore and you know, the
industry is under pressure. If it's the whole industry, maybe
(09:00):
you just stick with it. If it's something company specific.
That's where I think you want to take a harder
look at it. So you know, when you invest in stocks,
you have to go in knowing that there is risk.
There is risk to anything that you can do in
the investing world, including just sitting on your cash. The
(09:21):
risk to cash, of course, is inflation risk. It's that
prices go up and the value of your dollar, or
the purchasing power of your dollar doesn't go up, so
it buys fewer goods. There's risk in investing in CDs,
even if you have to get your money out early,
maybe you have to incur a penalty. There's also that
(09:44):
interest rate risk, if the risk that you're if the
interest that you're earning is less than the rate of inflation.
That's a problem too. And of course everybody knows the
kind of risk with stocks. That's market risk. That's risk
that the company will not do as well as it's
expected to do and your return won't materialize. So you know,
(10:06):
you should always expect to have some losses. I mean,
he points out too that he's down in but you know,
I would be curious to know about the other holdings
in this portfolio and how the portfolio has performed as
a whole.
Speaker 3 (10:18):
But you know that's just the way that it goes.
Speaker 2 (10:20):
A lot of times we tend to focus on the
things that are underperforming. So you know, the moral's story is.
You know, if you invest in a prudent way, I
think it's realistic to expect more wins than losses over time.
All right here the music that means we got to
take a break, but we're going to be back after
(10:41):
this break.
Speaker 3 (10:42):
I'm your host, Shanna Bert. Stay Tuned.
Speaker 5 (11:03):
Security is offered through ga Repel and Company, a registered
broker Dealer and Investment Advisor member FINDRA and SIPC. Opinions
expressed by Shanna are hers alone and are for informational
purposes only and do not necessarily represent those of GA
Repel or the outlet on what you are listening. You
should consider how the information applies to your situation prior
to personally implementing it, and consult any financial professional you
(11:26):
work with to make sure it's applicable to your financial plan.
Speaker 2 (11:35):
Welcome back to financial issues. Thanks for sticking with us here. Well,
I think we're going to continue on. Got quite a
few questions. I don't know if we can get them
all in today. But let's give it a shot.
Speaker 4 (11:45):
Yeah sounds good, Channe. Let's start with Mike. Mike is
thirty nine years old. He's saying, I'm building a growth
portfolio seventy percent allocated. I bought M A five and
M A fifty five in a brokerage account, but just
learned about the twenty eight percent collectible's tax rate. Should
I sell these holdings now and rebuy them in my wroth,
provided that I sell some holdings in my WROTH and
(12:05):
rebuy them in my brokerage. So he's doing a little
dosy dough here, Shanna, there's no cash left in my wroth.
Sixty percent of my portfolio is in the wroth, forty
percent is in the brokerage.
Speaker 6 (12:15):
What do you think?
Speaker 2 (12:17):
Yeah, so with that sixty forty split, I think that
I would want to see the most aggressive parts of
your portfolio in the WROTH. So I wouldn't try to
sell any of your technology stocks or anything that's marked
aggressive and re buy it in the non qualified account.
(12:39):
But what I would say is, you know, talk to
your CPA or tax prepayer first. Just have to give
the disclaimer that I'm not a tax professional, but you
know ETFs can be eligible to qualify for normal long
term capital gains rates if certain forms are filed, So
you may want to talk to your tax prepair about,
you know, if you need to do that, if it's important,
(13:01):
and how to do that. But selling and repurchasing in
the wrath is an idea to consider if you have enough,
you know, more conservative pieces of your portfolio to have
in your non qualified account. But you also have to
consider a game. It says that you just bought it,
so maybe you don't have a huge gain. That tells
(13:24):
me that if you do have a gain in it
at all, it would be a short term game, which
would be taxable at your ordinary income tax rate anyway,
So if it's not that big at this point, then
it's probably a moot point. But I would have the
conversation with a tax professional first see how big of
a deal it really is, and then make the decision.
Speaker 4 (13:46):
Awesome Shannon up next is get this a different mic,
but asking about those same two holdings sounds like yeah,
but I know he's different because he's sixty eight, so
there's been national difference there.
Speaker 6 (13:55):
This mic is.
Speaker 4 (13:56):
Saying, good morning, I'm low in the commodity sector. I
see two eats listened on the by list M A
five m A fifty five in particular, would physical gold
or silver be an equivalent? And if so, how would
I add that to the portfolio tracker? And again this
mic is sixty eight.
Speaker 3 (14:12):
Yeah, so that's a good question.
Speaker 2 (14:13):
So yes, they would be an equivalent and probably the
better choice of the two. Not as convenient to hold
as the ETFs, but yes they would be the same.
So the way that you would do it, and I'm
going to say this fast, but I'll tell you this,
you can always go back on the podcast or on
the phone app and you can get the recording. So
(14:34):
if you ever miss something coming on the tail end
of something, you can always you know, rewind it or
you know, listen to it again. So the way that
you do it on our portfolio tracker is to use
the symbol for cash. You can use whatever symbol that
you use for your cash money market as long as
it comes up as a value of a dollar. If not,
(14:55):
you can use our proxy, which is fd as a
dog you as an umbrella x x x ray so
fd U x x and then when you put that
in it'll come up as a value of a dollar
and it'll always stay as a dollar, And so for
the quantity, you just put the value of whatever you have.
The downside to that is that it's not going to
(15:17):
update with the value, so like if the price of
gold or the price of silver goes up, it's not
going to update, So you'll have to kind of manually
do that. But it doesn't really matter on a day
to day basis because you're not going to be rebalancing
your account day to day. I would only update it
as you are working on the portfolio, So you use
the fdu xx symbol and then you code it to
(15:41):
when you get to the style box, you code it
as growth, the same information that is on those ETFs
that you mentioned, So you growth for style. In the sector,
put commodity, and then in the industry either match to
gold or silver, whichever one you're working on.
Speaker 6 (16:03):
And jah this is the follow up question I had.
Speaker 4 (16:05):
I don't know if any of our audience members were
wondering this, but I was wondering it. So I know
what an ETF is, and I know what gold and
silver are, but how does a gold or silver ETF work?
Speaker 6 (16:14):
Is it just backed by the value of gold or silver?
Speaker 2 (16:17):
The one that we have on our list actually holds
physical Okay, so yeah, you know it's based on the
real thing.
Speaker 6 (16:27):
Yeah, nice, nice, that's awesome. Thank you.
Speaker 4 (16:29):
Jenna Rex is up next to here, fifty six years old.
He said, I saw there is a cell alert for
UT sixty eight. I will sell, But is there an
alternate in the same sector.
Speaker 2 (16:38):
Yes, so UT sixty is one that is in the
same industry and has a similar dividend. But before you
just swap one out for the other, I would encourage
you to use your portfolio tracker. Check your portfolio and
you can drill down. When you have all your holdings
(16:58):
listed there, you can work them by sector and you
can get just down to the utilities and then you
look at that industry and see do you have different
holdings in different industries, because that's going to give you
some diversification within the sector. So if you already have
something in the same industry as the stock in question
(17:23):
that you're going to be selling, maybe you want to
replace it with something that's a little bit different but
still within the same sector.
Speaker 3 (17:30):
So that's that's kind of the thought process.
Speaker 2 (17:32):
Of why we added that industry category in the new website.
Speaker 6 (17:36):
Awesome.
Speaker 4 (17:37):
All right, here's a good question Shanna from Donna. Donna's
sixty five, and she's wondering, how does the Big Beautiful
Bill affect taxes on your goes controversial topics, social Security benefits?
Speaker 6 (17:48):
What do you think?
Speaker 2 (17:49):
Yeah, so you know, one of the campaign promises that
President Trump made was to eliminate taxes on tips, over
time and social Security. He the Big Beautiful Bill did
deliver that in a very meaningful way. But it's not
as simple as it as it sounds. So the way
that it turns out, I think taxes are going to
(18:10):
be eliminated for somewhere between eighty five and ninety percent
of Social Security recipients. And it does it in this way,
so it gives those who are sixty five and older
an extra deduction of six thousand dollars per person. So
you're if you're sixty five and you're married to someone
who's sixty five, you get an extra twelve thousand dollars
(18:32):
on top of either the standard or the itemized deduction
that you're claiming on your taxes. So that what that
essentially does is it makes more of your income tax
at zero percent. So if you're married filing jointly, and
(18:52):
you use the standard deduction plus you get you know,
both parties to get the sixty five plus new deduction
and the older deduction. You end up having somewhere over
forty thousand dollars worth of deductions. That means the first
you know that forty somewhat thousand dollars of your income
is taxed at zero percent, So it definitely does help.
Speaker 4 (19:16):
Can't beat zero percent, Shannon, that's pretty zero. That's right,
great stuff, Shanna, Thank you. Joseph is up next here.
He's asking about CD forty five and he's seventy three
years old. He says, it's been stagnant for a long time.
I'm down fifty percent and I don't have any hope
of growth, and the dividend is low.
Speaker 6 (19:33):
I have it in a wrath. Should I sell and
move to a better stock.
Speaker 2 (19:38):
That's a tough call, because you know, I don't know
what else is in the portfolio. I don't know really
much about the person's risk tolerance.
Speaker 3 (19:46):
But here's what I can say.
Speaker 2 (19:48):
So the company pays around a two percent dividend officially,
it is a hold on our list. The worst is
probably over for the company. It is a decent long
term home. But if your goal is to get more
growth or more income, those are two different goals. But
either way then then you could consider selling it. But
(20:10):
it is a it is a very a very decent
I'll say that long term growth and income hold.
Speaker 4 (20:19):
Yeah, And Shanna, you know, I'd love to know Joseph
what which type of investment for our strategy he's in.
But based on his age, I would think it'd be
growth and income, but I'm just not sure.
Speaker 6 (20:29):
So I don't know if he wanted to follow up
on that, maybe you could.
Speaker 1 (20:31):
Yeah.
Speaker 2 (20:31):
Yeah, good sounds to me like he's dissatisfied with the
growth part of it.
Speaker 6 (20:35):
Yeah.
Speaker 2 (20:36):
If you're you know, if this is supposed to fill
a growth need for you, maybe you want to look
at something different.
Speaker 4 (20:43):
Yeah, definitely good stuff, Shanna. So we got a question
last week in the chat. Harvey from Louisiana was asking
is the portfolio Tracker complete or are modifications underway?
Speaker 3 (20:57):
Nothing's ever really complete.
Speaker 6 (21:00):
Just continually getting more refined.
Speaker 4 (21:02):
It's kind of like your your sanctification, Shan, are we
have a really there until we get the glory?
Speaker 6 (21:06):
Not quite yet.
Speaker 2 (21:07):
Yeah, so there's always room for improvement. I would say,
but you know, the portfolio Tracker and the new website
I think is very very much improved. It's very usable, Yes,
it's very usable. It's a user friendly. We've added more features,
we've added more columns, We've all in efforts to help
you understand the pieces of the portfolio more and how
(21:32):
everything integrates together. We've added a new pop up feature
that even calculates for you how much more or less
you need in a sector from a dollar amount.
Speaker 3 (21:43):
So you know, it was really structured off.
Speaker 2 (21:46):
Of the way the way that I actually implement the
financial issue strategy for in my practice and for my clients,
and so it really gives you all the tools that
you need to be able to manage and make good
investment decisions for your portfolio. There are some more things
(22:07):
that we'd like to do. Of course, if you've ever
worked on website projects and technology, then you already know
that those things are very expensive.
Speaker 6 (22:17):
So we're trying time.
Speaker 2 (22:19):
They do take time, So we are, you know, we
are trying to be good stewards and way out. You know,
if we do spend this money, is it going to
provide a material enough benefit. So there are some things
that we'd still like to do. There's always room for improvement,
but for now we don't have anything in the immediately
(22:41):
in the hopper.
Speaker 6 (22:42):
So awesome. That's great stuff, Shanna. We knocked out a
lot of them today. That was a good day's work
as they can.
Speaker 3 (22:49):
I think we're about out of time, aren't you.
Speaker 6 (22:50):
Yeah, we're getting we're getting close to it.
Speaker 2 (22:53):
Well, folks, thanks so much for tuning in today. We
want to make sure that you know all of the
different ways that you can get financial issues. The best
way is to get our phone app because you'll have
us with you wherever you go. You can stream the program,
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(23:16):
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I believe as Rumble Truth social I think the only
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you get us, make sure that you tune in regularly
(23:37):
because we want to be here to help you remember
that everything that we own as God's He's coming back.
There's going to be a test and our goal is
to help you be found a good and faithful steward.
Any given me its well, stick around. We've got more
financial issues to come.
Speaker 4 (24:06):
Well, folks, thanks for joining us today on financial issues.
Hope you're enjoying the show so far. It was great
to have Shanna on there. Hey, quickly, I want to
share something with you. So over the weekend, Congress passed
the Genius Act, so voted Thursday actually to pass trio
of cryptocurrency bills. The Genius Act being one of them,
establishes a framework for private companies to issue stable coins,
and the will also pass the Senate, so it's headed
(24:26):
to Trump's desk. I wanted to share with you, folks
a clip that I did several weeks ago with Jason
McDowell which actually he was talking about the Genius Act
in this clip. At the time had just kind of
been getting some wheels under it, so it may help
us understand this a little bit more. Here's that clip
that I did with Jason from several weeks ago. Budy,
we're just a couple of geniuses here, Jason talking about
(24:47):
the Genius Act. I'm excited for this, so we'll get
into this right now. Brother, give us a sense of
kind of what's going on here, Jason, when we're talking
about this Genius Act, the Congressional updates to it, what
it is, What is the sense of this year?
Speaker 6 (25:00):
Brother?
Speaker 7 (25:01):
Yeah, that's great. I'll reserve the genius name for you
with this one. Let's shay at the tail end.
Speaker 6 (25:07):
That's very just, that's okay, yep.
Speaker 7 (25:10):
So back in April of this year, actually twenty twenty five,
we spoke of the Genius Act and what I thought
was once a dead bill is in the Senate, was
revived with some adjustments and amendments. The Genius Act now
has passed the Senate. So there's been a lot of
traction with that, even to Trump wanting it with the
BBB bill, So we're thinking this week is his goal.
(25:32):
So Congress, I don't know if it's going to act
on that. But on June seventeenth, the Senate passed the
Genius Act overwhelmingly with bipartisan vote sixty eight to thirties.
So they wanted this to go through. So this marks
a significant milestone in advancing federal stable coin legislation. So
a lot that I talked about back in April was
about defining payment stable coins. These aren't investments, these aren't securities.
(25:55):
These are payment cryptocurrency, essentially things that will replace the
dollar as an option when you're purchasing items around the globe.
And I'll make that make sense a little bit later.
Speaker 4 (26:06):
Okay, So and Jason really really quickly here that we've
we've heard about central bank digital currencies.
Speaker 6 (26:12):
Does this have anything to do with those or is
this something different?
Speaker 7 (26:16):
It was an attempt to but the idea behind it
was decentralization from a central bank, got it regulated by
the government. Now this bill is still going to have
regulations by our federal government, so it's not going to
necessarily be decentralized. It seems like it still involves the
government and that's essentially what's coming through. And of course
(26:38):
you know the government likes that, so good.
Speaker 6 (26:40):
Thanks.
Speaker 7 (26:41):
This goal is to pass. They want to pass the
Genius Act, get it through the House to Trump's desk
with the BBB with the big beautiful bill, so by
July fourth, so this week, who knows what could happen.
We don't know what the House is going to do
with it. So the Genius Act established is a regulatory
framework for payment. Stable coins is defined as a digital
asset coins designed for payment listed by a stable coin issuer.
(27:04):
We'll talk about that here soon. That maintains the coin
will hold a stable value or one to one relative
to a fixed amount of monetary value, think like a
dollar one to one dollar just called something a little
bit different. So previously mentioned we discussed holding the value
based on gold or US treasuries or dollars. Now, the
amendments were to address some state regulation out of state
bank subsidiaries. Essentially, what it wants is to expedite any
(27:27):
review and establish existing banking essentially networks and laws across
the states to charter depository institutions include trust companies. So
really at the end of the day, they want to
expedite this once it gets through to allow stable coin
issuers and for states to be able to communicate plain
(27:50):
and simple. That tells me speed. They want to implement
this pretty quick, and that's what was added to the amendments.
Now the legislation also is going to head to the House.
The House side of its own sister act called the
Stable Act. It focused primarily on keeping a dollar denominated
stable coin payment. So it was basically keeping that there,
(28:11):
Trump on June eighteenth urged the House to pass the
Genius Act without any changes to the legislative text from
the Genius Act. So what came out of the Senate,
President Trump wants that to stay exactly how as it
is and get to his desk with the BBB. So
that's telling me now that this administration is really supporting this.
(28:32):
So that's kind of where I don't know if the
House is going to clog it up and it's going
to come after the fourth, but we know this administration
wants to sign it all together. So there's some bills
coming behind the BBB that are going to go to
his desk that I haven't been tracking that may be
with this so.
Speaker 4 (28:46):
Interesting stuff there, Jason, So my in your estimation of
studying this and when we I'm sure even know this
from hearing me on the show and you know, talking
with me with this kind of stuff, I'm like, so
averse to any kind of government intervaal with this stuff.
Regulation can be a good thing, And that's what I'm
really trying to figure out here in your estimation. Is
this overreach or is this simply regulation that could actually
(29:10):
end up being a good thing for something like we've
talked about, cryptocurrency is like the wild West, So maybe
regulation could be a good thing. What are your thoughts
on that.
Speaker 7 (29:18):
Well, it defines what a state payment stable point is
and allows the exchanges to finally review the SEC view. Hey,
cryptocurrency and the light of regulation. That's what they needed
because the SEC before battled with the idea of it's this,
it's that, what is it defined it? They can't define it.
It's better when our government can define it so that
everybody can act accordingly in compliance. And that's where this
(29:40):
bill is the pro side of it, the government overreach.
When does the government ever not for reaching with anything
they pass. So let's just I know for a fact
that there will be overreach of force with this, but
it's oking us more. It's closer to a biblical side
that we'll end with here. So I'll want to move
on to stable point issuers and their IPO. So the
(30:01):
Genius Act defines a payment stable coin as a digital
asset that maintains a fixed value through backing by Fiat
currency or other secure reserves. I kind of went over
this before. A Federal reserve Governor, Christopher Waller said I'm
going to repeat his quote that I did from April
as well. Fiat currency in one country is converted first
into a US dollar stable coin, then that stable coin
(30:24):
is transferred to another individual, and then finally the stable
coin is converted back into the local fiat currency at
its destination. Think of this as if I was traveling
to Paris and I have a stable coin and they
accept it there. It's instantaneous without any fees for conversions.
So you can look at this as a world application
of global banking happening instantaneously without all the fees. But
(30:47):
I'm still using my US dollars without any exchanges or
any price adjudgments based of that exchange and what they
use in that local area. So this will reduce the
complexity of a series of banking networks, improving the transparency,
cost and timeliness. So it's fast, it's more secure, and
it's without the fees that the banks and the traditional
(31:07):
global system has now So in a simple way, payment
stable coins would replace dollars as an option for checking out,
and this bill will legalize private stable coin payment issuers.
So think Amazon or Walmart. I like to think of
it as Amazon has its own coin. Maybe they do something.
In my own opinion, maybe they do something like a
(31:28):
cash back option from the Amazon credit card and you
get one of the Amazon coins to use. It's backed
by the dollar or whatever that's there. This could be
a way where they implement it in your everyday life
of what you're doing already today. So that's where I
see this going. But I could be wrong. So all
of this, I could be wrong with my opinion and
how I'm looking at it. But it's very interesting. Let
(31:49):
me talk about a issuer that had an IPO recently.
So coin Desk data talks about the market capitalization of
stable coins hitting all time high this year at two
one hundred and fifty two billion, up twenty two percent
this year, of course, at the same time that the
Genius Act passed the Senate, so it's pretty interesting. So
(32:10):
there's two market shares our market value right now. The
number one market value of the payment stable coins is
the dollar tether, so it's USDT. So the majority of
stable coins are using that dollar tether or think about
it as peg to the dollar, so we already know
the denomination of what that one's using is the dollars.
The number one there's also us DC or think dollar coin,
(32:33):
so that's the second largest stable coin market value is
using the us DC. Now there's an IPO issuer called Circle.
This is not part of the FISM strategy, by the way,
I'm just talking about what's happening in the news. So
this company's Circle went public on the New York Stock
Exchange in June of twenty twenty five. It's successful. IPO
(32:54):
is now up over seven hundred percent, which signaled a
strong market demand with institutional support. So that institutional support
really caught my eye for the regulated digital assets. Also,
what Circle success has come from is through his partnerships
with Visa, Massacard, and a crypto exchange called Coinbase. So
(33:16):
the direct competitors to payment stable coins is the transaction
companies like Visa and Massacard that charge fees. So they
are partnering with Circle to speed up the integration of
stable coins into mainstream finance. So it's being implemented. I
feel like as fast as AI was and news right,
(33:38):
AI is being forced on us and it's just everywhere
out everybody's including it. This is showing some language of
supporting that speed and that integration. So what also Circle
does is it challenges the global banking secure system called
Swift to communicate and authenticate transactions basically global. So Circle
(33:59):
would be a FA with reduction in costs of zero
fees and more secure. So I find this interesting that
the global the competition is actually partnering with this specific
company and that's where that success has come from. Now,
there's plenty of other private you know or uh private
stable coin payment stay of coin issuers that are out
there and exists. I was just using this example as
(34:20):
a very successful one with institutional support. So we're seeing
this speed up pretty quickly. I keep thinking of it
like AI. It's just happening really fast and going really fast.
And now that the government wants to open up the
doors to it with the Genius Act and this administration
wants to sign it, this is happening pretty quickly, a
lot faster than I probably would have expected, so especially
(34:41):
for our government.
Speaker 4 (34:43):
Well, folks, I hope that made some sense to you.
I love hearing Jason's insight on that. You know, there
are some other, uh several other actually crypto currency acts
that made their way through some of the different chambers
over the weekend. So coming back on the other side
of the break, we'll talk a little bit about those
and kind of see what up with that.
Speaker 6 (35:01):
Appreciate all of you joining us today for financial issues.
We've got more coming up right after this.
Speaker 7 (35:04):
Stick with us.
Speaker 5 (35:27):
The opinions and recommendations expressed on this program do not
necessarily represent the opinions of the station or any of
the program sponsors. Additionally, all products or services offered by
the program sponsors may not be known by the program folks.
Speaker 4 (35:44):
I do appreciate each of you joining us today, and
it's just a moment. We'll do a little chat run
down and see all of you there.
Speaker 6 (35:49):
Great to have you quickly here, though, Let's take a look.
Speaker 4 (35:52):
So, as I mentioned, the Genius Act was not the
only sort of cryptocurrency like act that we saw over
the end of last week into the weekend, we also
saw the Clarity Act and the Anti CBDC Surveillance State Act. Now,
the Clarity Act would establish a new framework of cryptoregulation,
and the Anti CBDC Surveillance State Act would prevent the
(36:14):
Federal Reserve from issuing a central bank digital currency. Now,
both of these still need to pass in the Senate,
but nonetheless, folks, that's great news. I know there have
been really since probably the last i'd say at least
two years, maybe longer, there have been this kind of
sort of underlying fear that there would be a central
bank digital currency. Now this doesn't mean that there can't
(36:36):
be one in the future, but this really helps in
preventing one, I think, and possibly tomorrow we'll see if
we have time on it, but we might address a
question or two we've gotten recently on cryptocurrency and its
impact as it pertains to the dollar, other global issues
like that. But nonetheless, folks, this is fantastic news. I
don't need to tell you. You probably know this already,
(36:56):
but if you're new to our show and you're not
really familiar with what a central bank digital current andcy
potentially could be, it would essentially be a digitized currency
that is in complete control of the United States Central Bank. Now,
for some people that could be really convenient. For people
who understand the need for money to be able to
be free and uncontrolled and not be influenced by wicked,
(37:17):
evil powers, that could be a really, really bad thing.
And of course there's always talks about, okay, well, what
kind of power could be gained by a centralized government
if they had control of the monetary system. So an
act like this is great news for that because it
means that your money on some level can still be
at least free. Now there's always there's going to be
some tracking anyway, but I think this is good news nonetheless.
(37:40):
So anyway, we might talk about that tomorrow if we
have time for it. Let's get to the chat here
really quickly. I saw several of you in there, Daryl,
good to see you this morning, Daniel as well, Nelson,
Hello Nelson, James and Texas. Who else do we have
that we have? Elliott from Virginia. Good morning, Elliott. Thanks
for bringing up your mentioned on the website.
Speaker 6 (37:58):
Brother.
Speaker 4 (37:59):
We'll take a look at that for sure. John and Alabama.
Daniel in Tennessee as well. Great to see you guys.
Speaker 6 (38:05):
John.
Speaker 4 (38:06):
I'm glad that you have your copy of All for
the Master. That's a great book by our founder, Dan
Celia for sure. Brian and Caara, good to see you both.
Brian and carry you asking an interesting question there does
any institution move the market? I think, sadly some of
them do. Unfortunately, you mentioned the Federal Reserve being one.
I think even and even when there's a good administration
in there. I think the presidential administration has a lot
(38:27):
to do with where the market goes. I don't think
it's necessarily purposefully pulling the strings and doing things like that,
at least not always. But I do think that a
lot of investors are fearful and they see what the
current administration does and they react accordingly to it. So
in that sense, I think that also moves the market. There, Eddie,
good to see you this morning, Eddie from Tennessee. Wonderful
(38:47):
to have all of you here on the chat, and
hello to all of you watching as well on social
media and on the radio. Also, we're happy to have you.
Let's hear from Greg Hawgard real quick here, folks, on
today's AGG update. Then we'll take a look at some
other financial headlines before we sign on off for the day.
Speaker 6 (39:01):
Here's Craig Holgard that we'll be right back.
Speaker 8 (39:05):
This is Craig Holguard with your financial issues. EGG update
for July twenty first. Corn pushed higher Friday due to
a forecast of hot, dry weather starting in the West
early this week, which will then spread east. The forecast
had funds liquidating some of their short position as we
headed into the weekend. Now much of the corn crop
is either pollinated or will be shortly so how much
this week's heat affects yields it's pretty debatable, but in
(39:27):
Friday the thought of future threats trump the current circumstances.
December corn finished today six and three quarter cents higher
at four to twenty seven and three quarters. Hot temperatures
are not yet an yield issue for beans, but it
seemed to be the main catalyst for Friday's support. One
thing to keep an eye on is soybean oil. It's
up seventeen percent since the EPA's proposed renewable volume obligations
(39:49):
in June, so at some point that run is going.
Speaker 3 (39:51):
To come to an end.
Speaker 8 (39:52):
November beans were nine and a quarter cents higher for
this session, closing at ten thirty five and three quarters.
All classes a week were higher on Friday. Port came
from corn and soybeans, along with technical buying, which carried
the day as there really wasn't any other fresh news.
Minneapolis September week was a half cent higher at five
ninety five and a half. Kansas City rose by eleven
and a half cents, closing at five twenty nine, and
(40:13):
when Chicago twelve and three quarter cents higher at five
forty six and a quarter, Cotton futures just continued to
wander aimlessly sideways. December futures finished the session twelve points lower,
closing at sixty eight sixty eight.
Speaker 6 (40:26):
Livestock futures were mixed.
Speaker 8 (40:27):
We had October live cattle futures fifty cents lower two
hundred nineteen dollars eighty two and a half cents per
hundred way. September feeder cattle declined by one dollar twenty
two and a half cents as they closed out the
week at three hundred and twenty four dollars and twenty
cents per hundred and October lean hog futures were two
and a half cents higher, ending the week at ninety
dollars sixty two and a half cents per hundredweight. Last
(40:48):
remale futures were able to keep their rally going. When
the closing bell finally sounded, we had August futures up
five points at seventeen seventy seven. This has been Craig,
how guard with your financial issues.
Speaker 6 (40:58):
Egg update.
Speaker 8 (40:59):
We'll be right back with more financial issues after this.
Speaker 6 (41:05):
There's Craig Howgard. Folks.
Speaker 4 (41:06):
We also have Lisa in Texas forgot you Lisa. Good
to see you there this morning in the chat. All right, folks,
a couple quick headlines here. So we got consumer inflation
outlook that came late last week. This was the University
of Michigan's survey of consumers for July showed overall sentiment
rose one point eight percent from June to sixty one point.
Speaker 6 (41:25):
Eight that's the highest ince February.
Speaker 4 (41:27):
Keeping in line with estimates there on inflation, the outlook
at both the one and five year horizons fell to
their lowest levels since February. So that's what that's looking
like there, folks. Elsewhere in the more moving to now
global news here if you were looking at it actually
this morning, the markets were reacting to it somewhat. But
Trump has been playing hardball with the EU.
Speaker 6 (41:48):
I personally like this. I think that's good.
Speaker 4 (41:50):
Sources telling the Financial Times President Trump is demanding a
minimum tariff of fifteen to twenty percent from the EU.
Of course, this is all keeping an eye on now.
About ten days from now that deadline. Should a deal
not be reached, Trump would then slap a thirty percent
tariff on all EU imports again, that's starting August first.
Last week, Italy's Foreign minister said in response, the EUS
(42:11):
preparing a list of tariffs on US goods worth over
about twenty four billion. The foreign minister set he's hoping
for zero tariffs an open trade among not just the
United States, but also Canada, Mexico and within Europe too.
So on Friday, the indices fell back from their record
highs partially as a result of this. All three were down.
They were just uncertain. They were just uncertain of those
(42:32):
latest news headlines. They tamed a bit in mid afternoon.
By late afternoon they made a cavalry charge, especially the
SMP and the Nasdaq, trying to finish the day above
the flat line. The Nasdaq was able to do so barely.
The S and P five hundred fell just short, but
they were both basically flat line finishes. The dal Jones
finished down about a third of a percent, so really
nothing to sneeze app It.
Speaker 6 (42:53):
Was mostly a good week last week.
Speaker 4 (42:54):
The Dow was slightly down, but the S and P
five hundred for the week finished about point six percent
positive and the NASA deck a full one and a
half percent positive.
Speaker 6 (43:02):
For the week.
Speaker 4 (43:03):
So the pre markets this morning they were up a
little bit. The EU scrambling to get that deal done
with the US. I saw a quote this morning. I
thought it was interesting Howard Lutnick said. This was from
over the weekend. Actually, that August first deadline. There's been
some talks as to whether or not that's an actual
hard and fast deadline or if it's just sort of well,
we'll see what happens when we get there. But Lutinix
seemed to confirm that that is indeed a hard deadline.
(43:26):
So on August first, he said, quote, the new tariff
rates will come in. He also added, nothing stops countries
from talking to US after August first, but they're going
to have to start paying the tariffs on August first.
So August first is that payment deadline. Even if it
comes and goes, there's still the possibility that they can
negotiate something, but the payments have to come in there
from that point. So currently, to open up the week,
(43:48):
let's see what the markets are looking like here, all
positive territories. The dal Jones is up a quarter, The
S and P five hundred is up a fifth, excuse me,
up a half percent. Almost and then the Nasdaq leaning
to towards three quarters of a percent positive new record highs.
Speaker 6 (44:03):
So that's what it's looking like this morning for the markets.
What to expect this week?
Speaker 4 (44:07):
Not much today, Tomorrow, FED chair Jerome pal does speak
to a group of bankers tomorrow, so that will be
at the European Central Bank Forum in Portugal. That's again tomorrow,
I believe that's eight thirty Eastern time.
Speaker 6 (44:22):
I want to say.
Speaker 4 (44:22):
Then Wednesday we get existing home sales for June. Thursday
we get the SMP Flash US Services PMI for July.
Speaker 6 (44:28):
Friday we get Durabile goods orders for June.
Speaker 4 (44:31):
Another thing that the markets will be taking a quick
peek at this week probably will be earnings calls. We
get a couple big tech heavy hitters out this week,
So today we get Verizon, a couple others. Tuesday we'll
get Coca Cola, Philip Morris, not much else. Wednesday is
the big day, folks. Wednesday we get Alphabet of course,
that's the parent company of Google, as well as Tesla
and some other tech and sell companies.
Speaker 6 (44:51):
Thursday get Union Pacific, a couple others.
Speaker 4 (44:54):
Friday HCA Healthcare and a couple others as well, So
I think the markets will probably be keying in on
when day's numbers with alphabet and tesla, and I presume
that those will not break until the end of the
trading day. So that's what we're looking like for earning
season this week, folks. A couple of quick hitters here
to close out our show. American Express surpasses profit expectations
(45:17):
on robust spending. Also, three LA County Sheriff's deputies sadly
were killed in an explosion at a training center, and
I thought this was kind of an interesting one here.
The Trump administration guidance is encouraging robust religious accommodations for
federal employees. I'm a big fan of that, absolutely, especially
when you consider the fact that federal employees are paid
(45:38):
by us. We are their bosses. I would be all
for federal employees being able to enjoy robust religious accommodations,
especially though if that religion is the Christian religion, the
only true one as I know, there are, by God's grace,
certainly a number of federal employees in our governmental system
who do claim the name of Christ orfully good news,
(46:01):
So interesting stuff there to see folks, it's going to
be a busy week, I think this week. Just so
you all know, Sam is out this week, so I'm
gonna miss him, but we'll be excited to keep things
going here for you. I'm looking forward to tomorrow's show.
I'm gonna be inviting my friend Bob Barber back on
the show tomorrow. He's going to be joining me later
on in the show for a good conversation. I'll be
looking forward to that. I know many of you have
enjoyed our conversations together, so Bob will be joining me
(46:23):
God Willing tomorrow for the show.
Speaker 6 (46:25):
Excited for that.
Speaker 4 (46:27):
Well, folks, I hope you have a wonderful rest of
the day today, and I hope you remember that everything
you have belongs to the Lord. Let's be found good
and faithful stewards with what the Lord has given to us,
all of it, whether it's.
Speaker 6 (46:36):
Your family, your money, your job, your country, the Gospel.
Be a good steward of all of it. And let's
hear those words well done, good and faithful servant. At
the end of it all. God bless you all. Lord Willing,
We'll see you next time for more financial issu Lets
have a.
Speaker 4 (46:48):
Great day
Speaker 6 (47:07):
We ever forget that we're one nation under God, then
we will be
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