Episode Transcript
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Speaker 1 (00:01):
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Viz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:12):
And work once again to Investor's Edge. I'm Gary kolbamb
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen. Happy that you are listening.
It's Tuesday, August fifth, twenty twenty five. Hope you're having
a good day. I'm having a good day, except yesterday
(00:36):
I did some serious legwork, squats, leg extensions and all that.
And boy, oh boy, am I sore today from Pelvis,
Pelvic area on up on down, quads, you name it,
(00:58):
I got it. But anyway, serious talk on everything that
affects you will do the markets, the economy, your job,
your industry, tariffs, communism. You know what I title today's
show Communism sucks. That's what I titled today's show. And
(01:21):
I'll explain a couple of minutes. And if you do not, oh,
by the way, anything that matters will cover it. And
sometimes things that don't matter, but if you really think
about it, do matter. Like the nut jobs and this
(01:44):
Genes advertisement, It actually matters. Now if you don't get
this radio show and you city. We'll post it at
gary k dot comost post it on an x speed.
If you don't follow us on next you should, and
if you'd like to email us, just be nice. We'll
also put it on the biz tv YouTube. You know
I watched this morning. You ever hear this mister beast?
(02:07):
Mister beast? So I've been studying these YouTube people and
all these influencers that have got these bazillions. Do you
know how he started out? He was thirteen years old
and he went on YouTube and counted to one hundred thousand.
That's how he first started out. Anyway, you know what
I love about the guy. He's doing good things. He's
(02:29):
got I mean, a bazillion followers, and he's doing things
for the environment, He's doing things for people in need.
I love this guy. I'm studying them a little bit
because when I quit all this, I got some ideas
in mind, but it needs full time. And you know,
(02:51):
you should also be studying. Do you know how many
people out there have gone from poor to wealthy beyond
their means just because of putting up videos and like
educational stuff and exercise videos. I've been seeing this other
guy on Instagram, the Yes chef, just trying out food
(03:18):
across the world. He's done his own festivals where thousands
of people show up. It's amazing to watch for all
of you that hate your jobs, don't like what you do,
and investigate all this. There's just a ton of people
out there that have changed their lives because they have
a passion and they don't know how to convey it.
(03:41):
You get out there and convey it anyway. I entitled
I titled the show Communism Sucks because, by the way,
and if you don't think this matters, I can't help you.
You could have a communist running New York City. He's
winning the election. He's a communist, and I don't say
(04:04):
that as a pejorative. He is a communist. He believes
that everything should be shared. He wants to get rid
of private property. He said it. He wants to control
the means of production. He wants government to own the supermarkets.
I'm not kidding. He does not want billionaires. He thinks
(04:29):
there shouldn't be any Just remember it used to be
millionaires until they became millionaires, so they had to change
at the billionaires. He's going to win New York City,
and the amazing thing he hates Jews, but he's leading
by seventeen points in the polls on the Jewish vote.
(04:53):
And why do I bring this up again today because
Elizabeth Warren, Senator from what Massachusetts, is backing them.
Speaker 3 (05:05):
Now.
Speaker 2 (05:05):
We already knew that Elizabeth Warren was a control freaking
who you can call socialist, Marxist, whatever you want to
call her, and corrupt to boot and very wealthy. Now
on one hundred and eighty thousand salary, she stood with
him and backed him. That's another senator. They're coming out.
(05:32):
They're all showing their stripes. Now. Interesting enough, a bunch
of powerful Dems are not behind him, but they're not
against him. They're not endorsing, but they're not against. And
you may think, oh, well it's New York City. Well
it is New York City. And here's what's going to happen.
(05:54):
I'll tell you straight up front, because I predicted it
in all these other areas. The billionaire is going to
tell him to go f himself if he wins, and
they're gonna domicile themselves in other states or other places.
That's for starters. They're gonna lose those taxes, that's for starters.
(06:21):
Police are gonna quit. They don't want to work for
this guy. He hates them. He's called them racist, he's
called the police racist, queer haters. I believe he said
with the word. This guy is nightmarish. And he's gonna
(06:43):
be running New York City. He's winning, which is somewhat stunning,
but he's going to win. And what's the next part
of the equation. Imagine if these people get real power
(07:07):
the country, we're screwed. These people are nuts, they're control freaks.
They're power hungry, mad, psychopathic control freaks. God only knows
the damage that they are going to do. They claim
(07:29):
everybody else's dictators, but they define it. So we just
want to let you know communism sucks. And as she
was speaking, Elizabeth Warrene, he had this smile on his face.
Speaker 3 (07:46):
Smile.
Speaker 2 (07:51):
We move on. I want to start out with the fig.
What the heck is a fig? Well, there is a
symbol in the market now, fig like the fig Newton.
And it's just a little warning shot to the peeps,
because you know what we do first and foremost here
(08:12):
is we want to protect capital. When all hell is
breaking loose, or when I see something sticking out like
a sore thumb. And as you know, throughout the years,
we have protected the heck out of you, not just
with oh, avoid this area, avoid that area, Avoid this area,
avoid that area. Not just when we say bear markets
(08:34):
the average stock will drop seventy percent average leading stock,
and that happened in twenty two, not with when we
tell you to avoid oils and oils go into our
own private bear market. But the big stuff, the ones
you can really lose a lot of money on. Just
recently we have warned you about and I don't know
(08:57):
how it happens. You got a bunch of these Hong
Kong and China stocks that have come out with no
sales and they run up. And I'm gonna give you
one that just happened, simple PTCHL so I gathered, came
out and it never traded, just never traded. And it
(09:20):
was in the four to five dollars area. And then
in June it goes up to twenty out of nowhere
in two days, drift drift, drift, drift, drip up to
thirty two dollars. This was just a few days ago.
(09:40):
It closed on July twenty eighth at thirty dollars and
ninety six cents. The next day it finished at a
dollar sixty five, and more importantly, to make matters worse,
if you owned it and did not. On July twenty ninth,
(10:02):
it stopped trading early in the day at twenty seven
eighty four, and it opened up at three dollars and
forty five cents. Now, if this was the only one,
I would just you know, I'd still tell you. But
there's been about seven or eight of these that just
stopped trading and opened up ninety percent down and again.
(10:25):
For the life of me, I have absolutely no clue
what's driving the bus on them. I just know the
bus is out there up next we'll put a bow
tie on it much more. This is the one only
Investor's ed Hi.
Speaker 4 (11:02):
I'm Gary Kolbaum, hosted a nationally syndicated radio show, Investor's Edge.
We're not just handsome radio people. We manage investors' money
for a living, specializing in fee based discretionary money management.
No big commissions, just a fee on the assets that's managed.
We also provide a full range of personalized services, including
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(11:25):
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have the same needs. Will carefully evaluate your personal goals
to determine a proper investment strategy. If your current approach
to investing is not getting you to where you would
like to be, call us to make an appointment for
a complementary portfolio review. The number to call is eight
eight eight four two two five five five nine. That's
(11:48):
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That's eight eight eight four two two five to five,
five to nine. Investment advisory Services offer through Call Capital Management.
Speaker 2 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 1 (12:09):
You're listening to Okay, Investor's Edge.
Speaker 5 (12:15):
The last bastion of quality programming.
Speaker 1 (12:18):
With Gary called bomb.
Speaker 3 (12:19):
It doesn't get better than this.
Speaker 2 (12:24):
So we've also warned you, but have used the same terminology.
We don't know when it ends or how high they go,
but we've warned you about quantum stocks and nuclear stocks,
and some of them have already been trashed, but some
of them keep going. And then we use the line
(12:47):
if nothing changes, another words, when the music stops, when
the froth goes bye bye. If a company has no
sales and you got a ten billion dollar market cap.
It's going to drop ninety percent, if not more. And
how do we know this Because we've studied every bowl
and bear market. We know what happens the companies with
(13:08):
no sales when the froth goes. And of course there's
the fad stocks we warned you about Beyond Meat when
it was going crazy. We warned about Rivian when they
open that up with one hundred and eighty billion dollar
market cap with no sales, and the market cap was
almost as much as GM and Ford put together, even
though GM and Ford had two hundred and sixty billion
in sales. Sometimes it's just sore thumbs. So I have
(13:33):
also just noticed recently we've had some hot initial public offerings,
We've had some hot ones, but I've also noticed another
little dynamic. When the music stops, they get sand blasted.
And I just want you to be careful and what
(13:56):
causes it to, you know, hype noise whatever. So the
latest one is this Figma fig I believe don't quote
me on this, but I think it was in the
thirties and IPO and they opened it up like at
one hundred and closed the first day at one hundred
and fifteen. The next day had hit a high a
(14:16):
one forty three, closed it one twenty three. Oh, by
the way, that was Friday. It's seventy eight dollars. Friday
it was one forty three. Today it's seventy eight. And
we didn't predict this. I'm just letting you know we're
(14:37):
seeing more of this. Oh and by the way, anybody
who bought in the after market now is losing money.
So just be a little bit wary of these IPOs.
By the way, ten years from now, the biggest winners
are going to be some of the IPOs from today,
not the ones that are coming out with asinine asse
(14:58):
ten and as eleven valuations though, so just letting you
know we're seeing a little bit of that. If you
have a chance, you can get a chart up of
fig and you'll see it's been trading for one, two, three,
four days and had a low of eighty five, a
higher one forty three, and it's a seventy eight bucks
right now. And I don't even want to get into
(15:20):
what they do. I'm just letting you know the mechanisms
that are happening right now. That's all next gold miners.
We mentioned to you yesterday that the GDX was right
there ready to break out, was up two and three
quarters percent and did edge above that range. Today, the
gold miners have broken out, even though the gold has not.
(15:45):
Now normally we're giving you the word normally. Normally, when
the miners are out performing the gold, that's usually bullish
as all. Heck, we'll see gold has not broken out,
and we just probed it a little bit of go
and we stopped out once it broke the fifty day,
like the smart people do. And of course it's bright
back above the fifty day. What can I tell you?
(16:07):
Small losses. So the gold miners, and there is about
five or six of them that are new yearly highs
at least. I also want to mention there continues to
be money flows in the housing housing related areas. I'm
pretty sure that has to do with the fact, this
(16:27):
is my opinion, there is no doubt that they're going
to lower rates at the September meeting whenever that is.
Whether or not that sticks or not, I have no idea,
but we're just letting you know you're getting money flows.
If any of you read the book Secrets are Profiting
and Bull and Bear Markets by Stan Weinstein, he has
this stage analysis. I'm letting you know that probably you've
(16:50):
gone from stage one into early stage two in the
housing and housing related names. Whether or not they really
go into stage two, that's the biggest sending is another story.
Jury will still be out. So I wanted to mention
that also next cow, I'm going through all these things.
(17:10):
I'm just letting you know. Some ass clown put out
a rumor today that Berkshire, Hathaway and Warren Buffett is
looking at United Health or maybe buying United Health, and
United Health was up ten dollars today, which is about
sixty five dow points. And let me be clear, I
(17:31):
don't know if it's true or not, but if somebody
knows something and they're putting it out as a rumor,
they're an ass clown. And if they buy it based
on inside information, they're going to be a jailed ass clown.
We hate these people. Hates a big word. We dislike
(17:51):
these people. We save our hate for the politicians and
are bad sports owners of our favorite team.
Speaker 3 (18:01):
Hate and loathe.
Speaker 2 (18:03):
I like loathe better lathg. I like that word. So
I wanted to mention that just in case you saw
it was up ten bucks today.
Speaker 3 (18:14):
How's that?
Speaker 2 (18:14):
Okay? Next earnings movers, can I say, holy crap, both
sides down and up? Just a big wow to earnings movers.
(18:36):
You ready. Axo went up one hundred and twenty three
dollars today to eight sixty seven sixteen percent. This is
what do they got? Weaponry and stuff like that? Just
for starters? How about br broad Ridge up seven percent
or BWXT ups eighteen percent, twenty seven bucks to one
(18:59):
eighty two. Pallenteer was up twelve bucks to one seventy two.
I can continue, but you get my point right. Some
pretty how about Lemonade LMND up eleven twenty nine percent,
almost forty eight bucks on a sixty cent loss, because
(19:19):
you gotta lose money these days to go up big
in price, but the sales growth is pretty good. How
about tide Water in a very rough and tough oil sector,
was up twenty nine percent today on a surprise earnings report.
Those sales were only up one percent. It was up
(19:39):
fourteen bucks to sixty three wild and there's a bunch
more that had really good moves, not just today but
in the day's past. But again, and as we warn
and as we tell you it's earnings roulette and you
(20:04):
just don't know because Gartner Group was down twenty seven
percent today to ninety two bucks. How about something called
Oddity down twenty two percent, down sixteen to fifty seven
or Kindrel Holdings down almost eight to twenty nine bucks
or twenty one percent. Or Vertex Pharmaceuticals of past leading
(20:26):
biotech down ninety seven bucks to three hundred and seventy
four bucks. Or something called gram Court down down eighteen percent,
or Shift for Payments Simple fou Are down fifteen percent
to eighty six or Voyage a tech recent IPO down
six to thirty four. Catching my drift up next to
(20:47):
a few more of those them the final numbers, and
you know whatever else. Thanks for being here.
Speaker 3 (20:53):
I'm Gary.
Speaker 2 (20:54):
This is the one only investor's edge.
Speaker 3 (21:11):
You're listening to.
Speaker 2 (21:12):
America is talking small investor's edge. He's gotta be feed
with the crowd.
Speaker 1 (21:18):
Is just on his feet here, he said her on
a boy with Gary called Bob.
Speaker 3 (21:23):
He comes highly recommended. You're gonna feel better if you
talk to.
Speaker 5 (21:26):
Him, and and welcome once again to Investor's Edge.
Speaker 2 (21:37):
As I was saying, a Palamar Tech down fifteen percent today,
ad Tran down fifteen percent today, Shoals Technology thirteen percent,
sent His Tech down thirteen percent. Him and Her Health,
which has been kind of a crazy stock, down twelve percent.
McGraw hill didn't even know it was trading of a
twelve percent. Trans Dined down one hundred and ninety two
(21:59):
bucks or twelve percent, Zebra Tech down thirty eight bucks
or eleven percent. There's the Figma down another ten percent today.
That's just a few I got a bunch more down
between five and ten percent today. And by the way,
we're not saying bearish bullish, bullish bearish. We're just saying
(22:19):
just a lot of jello moving on the plate kids,
both up and down off of earnings reports. And we're
being very wary of extenuated moves both sides, both ways,
because too far down ten to bounce and too far
up ten to come down. And I've noticed today they
(22:40):
opened up a few things hot and they slammed the
living heck out of them. I noticed something like a
Silicon labs. Don't worry about what they do, but they
opened it up and finished down five percent, was down ten.
Gotta just be careful because you don't know throughout the
earnings day, but the Dow was down sixty two today
(23:03):
even though United Health was finally at an up day,
up ten, and I'm pretty sure it was on that
rumor pretty sure SMP warris down thirty and the Nasdaq
down one thirty seven, down one seventy. So I want
to put little pieces of the puzzle together. We had
some good distribution into Friday, and we woke up yesterday
into a gap to the upside in a strong day,
(23:25):
and now had a little bit of a rough day.
Here's your Gary's.
Speaker 3 (23:31):
Guess.
Speaker 2 (23:34):
I think we got some backing and filling, sitting and
shucking and jiving and all that stuff right now. That's
my guess. I'm thinking that little top was put in place,
probably gonna be something for right now. Though, As we said,
money flows into utilities, money flows into the housing and
(23:58):
housing related like BLD, which was up twenty bucks today
on their earnings, or LGI is a home builder up
four dollars and seventy cents to almost sixty bucks on
their earnings, that type of stuff. So a little bit
of movement going on right now. I don't know to
what extent. I will tell you we lopped a few
things off, stopped out of a couple of things, misplayed
(24:23):
a finger two also, And when I use the term misplayed,
it just means I got stopped out. But I think
maybe we're gonna get a little bit of I'm not
gonna say head when I just think, maybe a little
stall notwithstanding big earnings reports or bad earnings reports. And
(24:46):
again for the record, just some really extenuated moves in
the aftermarket. Of note of import, I've got AMD down
a whopping two and a half bucks in the after
market as I speak on earnings, but I also noticed
something like an Upstart closed it eighty. It's down ten
(25:07):
bucks to seventy two and change. This is one of
those wimpy companies. I'll pay you Tuesday for a Hamburger today.
I think this buy now, pay later, the rooms to
go loans. Boy oh boy, I wonder I gather some
(25:28):
of the greatest shorts in history would be these buy now,
pay later loan companies. When we go into a recession,
I gotta figure these stocks get mauled. And by the way,
Upstart went from four hundred down to fifteen in the
bear market. Just letting you know, by the way, I'm
(25:51):
not ripping the companies. I'm just letting you know this
buy now, pay later society we're kind of getting into.
I'm a Dave Ramsey kind of guy. I have credit cards,
but I never pay interest. I'm always paying them off,
and I just know there's a lot of people that
(26:11):
are neck deep that can't pay their cards and they're
ending up paying thirty percent. You know. By the way, AMD,
I got it now down seven bucks in the after market.
I don't know what they've said, but the stocks had
a good move up. We'll see, and it's down ten
(26:33):
dollars for the day overall, not the leader of the group.
We'll see if it knocks anything down tomorrow if this continues,
Remember they report earnings, then they go into a conference
call and all that crap. I'm also noting that super
(26:54):
Micro closed it fifty seven. I got it forty eight,
so that's getting smacked also, So a couple of little
things getting hit, which takes me to something else. I
would like to be a little bit louder on you ready.
(27:17):
The S and P five hundred. This five hundred stocks
equal weighted means that each stock is worth the exact
same thing going up or down, and they actually have
an equal weighted ETF the RSP. That means and Nvidia
(27:45):
is worth on a move, just like the five hundredth
biggest name, and then you have the not equal weighted.
We're just letting you know, We're just letting you know.
(28:08):
Four hundred and ninety three stocks in the S and
P are sixty four percent of the S and P
five hundred, four hundred and ninety three stocks, seven are
thirty four percent. They better keep these seven happy. How
(28:34):
about that? Nvidia, Microsoft, Apple, Amazon, Meta, Broadcom, and Google,
and I include Google. They have two classes and I
tot of them up. Those seven, Those seven make up
thirty four percent of the S and P and sixty
(28:55):
four percent of the Nasdaq one hundred. Do you know
what that means? Well, let me tell you what it
means to me. If I ever deem those seven going
into a bear market, you ain't gonna see me owning
the Nasdaq one hundred or the S and P five hundred.
Simple as that of those seven. Apple week and that's
(29:21):
it right now. Microsoft has been strong, but I think
it hit the wall recently, and Vidian not a problem. Amazon,
well they just gap that down and it's gonna need
to hold the two hundred day move an average. We'll
call that week Meta just gap to the upside. Broadcom
has been ascending quite quietly and nicely, and Google laboring
(29:45):
but not hurting. So I just wanted to let you
know because these numbers, especially the Nasdaq one hundred, I'm
pretty sure this is the biggest number ever.
Speaker 3 (30:00):
Pretty sure.
Speaker 2 (30:02):
This is the biggest number ever. And I believe it's
moui importante. We call it concentration. The concentration of the
big indices are at record, record, record record, And it's
(30:24):
not even the Nasdaq one hundred that gives me the willies.
It really is the S and P five hundred seven
stocks are thirty four percent, four hundred and ninety three
stocks our sixty six percent. That's insanity. So just letting
(30:49):
you know, the RSP is the equal weighting. The SPY
is the other one. And if you want to know,
you're ready for the Nasdaq one one hundred and vidios
fourteen and a half. Microsoft is thirteen point one, Apple
is ten point one, Amazon seven point six, Meta six
point four, Broadcom four point six, and the two classes
(31:12):
of al a bit excuse me of Google are seven
point eight nine and there you have it. I thought
worth mentioning. By the way, AMD is now down nine
(31:33):
dollars in the aftermarket, or five and a half percent
to one sixty five, and it was down two and
a half today. Super micro smoked upstart smoked. I don't
see anything else just yet, Happy days up next news
in to day and whatever else today. This is the
one only investors A.
Speaker 3 (32:14):
You're listening to?
Speaker 4 (32:16):
What are you waiting for?
Speaker 3 (32:18):
One to ready? We can't recalled Bob Dun in the news.
Speaker 2 (32:56):
Yeah, there's a lot admitting going on that Israel is
not star the people of Gaza, that it's been hamas.
That's starting to come out in the miserable scummy, slimy, sleazy,
corrupt media kind of sort of being pushed into kind
of sort of reporting it. Boy today suck every single
not every single one, but most of them. It's uh, stunning, stunning.
(33:28):
You know what SNAP is, It's a supplemental nutrition program
to provide food to low income families. I guess food
stamps they used to call it. Is that. I'm pretty sure. Uh,
the Trump administration is moving that people that are getting
SNAP can no longer buy sodas and sweets and what
(33:54):
they deemed to be unhealthy. Now the libertarian me say,
get your butt out of what I decide to eat.
That said, these are taxpayer dollars. Remember, anytime the government
gives out anything, it's our money. They don't think it is,
(34:16):
but it really is. Anyway, I was thinking about it today,
and you know, I think I'm okay with that. I
don't know about the soda thing, because you can get
like the Koke zero with something like that. But I think,
you know, the first thing that should be these things
should be spent on is the healthy food. What do
(34:40):
you think anybody have an opinion of that? You can
email me. I'd like to hear from you. I think
that makes somewhat sense. In the news, Hey, Don Junior
and Eric Trump are doing a spack. They're doing a
blind pull blank check company. Feel good about that. It
(35:01):
makes me vomit. Let us continue. I do want to
let you know that it is being reported that sixty
one percent of the NASDAC companies have reported twenty seven
point five percent year over year earnings per share growth rate.
That's what somebody put out. I investigated. I'm not so
(35:23):
sure that number, but I'll I know there's some companies
that are really reporting some big stuff. That's if that
was the number, that'd be pretty darn good. I'd say
that's pretty darn good. Hm. In the news, I'm sure
(35:47):
you're reading about Texas and uh, Texas Republican Republicans redistricting
to benefit them for the elections going forward. I guess
the it's called jerry mandering, right well, the Democrats are
going haywire, going nuts, and they left the state, which
(36:08):
I hear is illegal. So the Republicans saying they could
be arrested. I don't know how to end it up today,
but I just want to let you know I live
here in Florida, and Florida Democrats carved out plenty of
times trying to carve out or carved out, jerry mandered
their own little fiefdoms also, So I'm just letting you know.
(36:31):
The media is portraying this as Republicans bad, but the
Democrats wrote the book on it. I just wanted to
let you know that. And I don't know how this
is going to play out. And by the way, as
you know, I can't stand either party. Next in the news,
and here's something really interesting, do you know the Fox
Weather people you know, they're really big.
Speaker 3 (36:53):
They have.
Speaker 2 (36:55):
I'm a Fox News Channel business contributor. I'm on Fox
Business and Fox News. Whenever they ask, Fox Weather Channel
called me and Saturday morning at eight thirty am, I
will be doing an interview with them. They actually do
Saturday mornings somewhat a weather and business segment, and I'm
(37:17):
doing it this Saturday. Wow. I don't know if I'm
gonna be able to talk about Cumulus, NIMBI and cloud formations,
but I can certainly talk hurricanes. I told them they
can ask whatever they want, but I just want to
let you know that's the news of the day. Trump
(37:37):
is gonna name a new FED governor, and believe me,
there's nothing I am not happy about. Trump gonna put
in their own, his own per op. He might as
well put himself in running the FED, because he's gonna
put a puppet in there. I am not thrilled with that.
And I'm really pissed off at him for firing this woman.
You're not the jobs president. When you fire somebody arbitrarily
(38:00):
for no reason and claim that woman cheated you and
rigged the numbers for the employment figures, that's a lie
and it really irritates me. Imagine what this woman's going
through today, and imagine you do know she's getting death
threats today, right, She's getting death threats because people are insane.
(38:24):
So I really hope the President should hire her back immediately.
He doesn't have to say he was wrong, but just
hire her back. She did nothing wrong, she was just
doing a job. The formula is the formula. Nobody changed
the numbers. The president just kind of sort of. I
can't call him a wimp because what he did after
he was shot, that's no wimp. But he's you know,
(38:49):
you get my point. So just letting you know, I'm
not thrilled. I'm not thrilled at all. I'm not thrilled
at all by any of this, and I don't think
(39:13):
he would listen to me if I sat down with him.
But I seriously can help him big time. I could
correct his waywardness because he should just concentrate on lower taxes,
less regulations, get the hell out of the way, and
(39:38):
let us do our thing. So just letting you know,
I'm thrilled with a bunch of things he's doing. I'm
less than thrilled with other things he's doing. But we're
rooting for him, wishing him well, and I can't wait
to play his new Scottish golf course. I played his
first one, which was amazing. I'm hoping this next summer
(40:02):
you'll have a uh great evening. Drive carefully. I'll be
on Varney in Company more in the nine o'clock hour.
Check that out Fox Business Network. And when you get home,
do like we do. Quite simple. Make sure you hug
your family. Make sure you hug your children. They will
feel better. You will feel better. I promise they will
be well. Hey, my son's in Florida visiting me. Have
a great one, peace out, all good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Kultbom on Biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's garyka dot com.
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Viz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:12):
And work once again to Investor's Edge. I'm Gary kolbamb
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen. Happy that you are listening.
It's Tuesday, August fifth, twenty twenty five. Hope you're having
a good day. I'm having a good day, except yesterday
(00:36):
I did some serious legwork, squats, leg extensions and all that.
And boy, oh boy, am I sore today from Pelvis,
Pelvic area on up on down, quads, you name it,
(00:58):
I got it. But anyway, serious talk on everything that
affects you will do the markets, the economy, your job,
your industry, tariffs, communism. You know what I title today's
show Communism sucks. That's what I titled today's show. And
(01:21):
I'll explain a couple of minutes. And if you do not, oh,
by the way, anything that matters will cover it. And
sometimes things that don't matter, but if you really think
about it, do matter. Like the nut jobs and this
(01:44):
Genes advertisement, It actually matters. Now if you don't get
this radio show and you city. We'll post it at
gary k dot comost post it on an x speed.
If you don't follow us on next you should, and
if you'd like to email us, just be nice. We'll
also put it on the biz tv YouTube. You know
I watched this morning. You ever hear this mister beast?
(02:07):
Mister beast? So I've been studying these YouTube people and
all these influencers that have got these bazillions. Do you
know how he started out? He was thirteen years old
and he went on YouTube and counted to one hundred thousand.
That's how he first started out. Anyway, you know what
I love about the guy. He's doing good things. He's
(02:29):
got I mean, a bazillion followers, and he's doing things
for the environment, He's doing things for people in need.
I love this guy. I'm studying them a little bit
because when I quit all this, I got some ideas
in mind, but it needs full time. And you know,
(02:51):
you should also be studying. Do you know how many
people out there have gone from poor to wealthy beyond
their means just because of putting up videos and like
educational stuff and exercise videos. I've been seeing this other
guy on Instagram, the Yes chef, just trying out food
(03:18):
across the world. He's done his own festivals where thousands
of people show up. It's amazing to watch for all
of you that hate your jobs, don't like what you do,
and investigate all this. There's just a ton of people
out there that have changed their lives because they have
a passion and they don't know how to convey it.
(03:41):
You get out there and convey it anyway. I entitled
I titled the show Communism Sucks because, by the way,
and if you don't think this matters, I can't help you.
You could have a communist running New York City. He's
winning the election. He's a communist, and I don't say
(04:04):
that as a pejorative. He is a communist. He believes
that everything should be shared. He wants to get rid
of private property. He said it. He wants to control
the means of production. He wants government to own the supermarkets.
I'm not kidding. He does not want billionaires. He thinks
(04:29):
there shouldn't be any Just remember it used to be
millionaires until they became millionaires, so they had to change
at the billionaires. He's going to win New York City,
and the amazing thing he hates Jews, but he's leading
by seventeen points in the polls on the Jewish vote.
(04:53):
And why do I bring this up again today because
Elizabeth Warren, Senator from what Massachusetts, is backing them.
Speaker 3 (05:05):
Now.
Speaker 2 (05:05):
We already knew that Elizabeth Warren was a control freaking
who you can call socialist, Marxist, whatever you want to
call her, and corrupt to boot and very wealthy. Now
on one hundred and eighty thousand salary, she stood with
him and backed him. That's another senator. They're coming out.
(05:32):
They're all showing their stripes. Now. Interesting enough, a bunch
of powerful Dems are not behind him, but they're not
against him. They're not endorsing, but they're not against. And
you may think, oh, well it's New York City. Well
it is New York City. And here's what's going to happen.
(05:54):
I'll tell you straight up front, because I predicted it
in all these other areas. The billionaire is going to
tell him to go f himself if he wins, and
they're gonna domicile themselves in other states or other places.
That's for starters. They're gonna lose those taxes, that's for starters.
(06:21):
Police are gonna quit. They don't want to work for
this guy. He hates them. He's called them racist, he's
called the police racist, queer haters. I believe he said
with the word. This guy is nightmarish. And he's gonna
(06:43):
be running New York City. He's winning, which is somewhat stunning,
but he's going to win. And what's the next part
of the equation. Imagine if these people get real power
(07:07):
the country, we're screwed. These people are nuts, they're control freaks.
They're power hungry, mad, psychopathic control freaks. God only knows
the damage that they are going to do. They claim
(07:29):
everybody else's dictators, but they define it. So we just
want to let you know communism sucks. And as she
was speaking, Elizabeth Warrene, he had this smile on his face.
Speaker 3 (07:46):
Smile.
Speaker 2 (07:51):
We move on. I want to start out with the fig.
What the heck is a fig? Well, there is a
symbol in the market now, fig like the fig Newton.
And it's just a little warning shot to the peeps,
because you know what we do first and foremost here
(08:12):
is we want to protect capital. When all hell is
breaking loose, or when I see something sticking out like
a sore thumb. And as you know, throughout the years,
we have protected the heck out of you, not just
with oh, avoid this area, avoid that area, Avoid this area,
avoid that area. Not just when we say bear markets
(08:34):
the average stock will drop seventy percent average leading stock,
and that happened in twenty two, not with when we
tell you to avoid oils and oils go into our
own private bear market. But the big stuff, the ones
you can really lose a lot of money on. Just
recently we have warned you about and I don't know
(08:57):
how it happens. You got a bunch of these Hong
Kong and China stocks that have come out with no
sales and they run up. And I'm gonna give you
one that just happened, simple PTCHL so I gathered, came
out and it never traded, just never traded. And it
(09:20):
was in the four to five dollars area. And then
in June it goes up to twenty out of nowhere
in two days, drift drift, drift, drift, drip up to
thirty two dollars. This was just a few days ago.
(09:40):
It closed on July twenty eighth at thirty dollars and
ninety six cents. The next day it finished at a
dollar sixty five, and more importantly, to make matters worse,
if you owned it and did not. On July twenty ninth,
(10:02):
it stopped trading early in the day at twenty seven
eighty four, and it opened up at three dollars and
forty five cents. Now, if this was the only one,
I would just you know, I'd still tell you. But
there's been about seven or eight of these that just
stopped trading and opened up ninety percent down and again.
(10:25):
For the life of me, I have absolutely no clue
what's driving the bus on them. I just know the
bus is out there up next we'll put a bow
tie on it much more. This is the one only
Investor's ed Hi.
Speaker 4 (11:02):
I'm Gary Kolbaum, hosted a nationally syndicated radio show, Investor's Edge.
We're not just handsome radio people. We manage investors' money
for a living, specializing in fee based discretionary money management.
No big commissions, just a fee on the assets that's managed.
We also provide a full range of personalized services, including
retirement planning, fixed income, and educational needs, all to assist
(11:25):
you in achieving your financial goals. Understanding not all individuals
have the same needs. Will carefully evaluate your personal goals
to determine a proper investment strategy. If your current approach
to investing is not getting you to where you would
like to be, call us to make an appointment for
a complementary portfolio review. The number to call is eight
eight eight four two two five five five nine. That's
(11:48):
eight eight eight four two two five to five five nine.
That's eight eight eight four two two five to five,
five to nine. Investment advisory Services offer through Call Capital Management.
Speaker 2 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 1 (12:09):
You're listening to Okay, Investor's Edge.
Speaker 5 (12:15):
The last bastion of quality programming.
Speaker 1 (12:18):
With Gary called bomb.
Speaker 3 (12:19):
It doesn't get better than this.
Speaker 2 (12:24):
So we've also warned you, but have used the same terminology.
We don't know when it ends or how high they go,
but we've warned you about quantum stocks and nuclear stocks,
and some of them have already been trashed, but some
of them keep going. And then we use the line
(12:47):
if nothing changes, another words, when the music stops, when
the froth goes bye bye. If a company has no
sales and you got a ten billion dollar market cap.
It's going to drop ninety percent, if not more. And
how do we know this Because we've studied every bowl
and bear market. We know what happens the companies with
(13:08):
no sales when the froth goes. And of course there's
the fad stocks we warned you about Beyond Meat when
it was going crazy. We warned about Rivian when they
open that up with one hundred and eighty billion dollar
market cap with no sales, and the market cap was
almost as much as GM and Ford put together, even
though GM and Ford had two hundred and sixty billion
in sales. Sometimes it's just sore thumbs. So I have
(13:33):
also just noticed recently we've had some hot initial public offerings,
We've had some hot ones, but I've also noticed another
little dynamic. When the music stops, they get sand blasted.
And I just want you to be careful and what
(13:56):
causes it to, you know, hype noise whatever. So the
latest one is this Figma fig I believe don't quote
me on this, but I think it was in the
thirties and IPO and they opened it up like at
one hundred and closed the first day at one hundred
and fifteen. The next day had hit a high a
(14:16):
one forty three, closed it one twenty three. Oh, by
the way, that was Friday. It's seventy eight dollars. Friday
it was one forty three. Today it's seventy eight. And
we didn't predict this. I'm just letting you know we're
(14:37):
seeing more of this. Oh and by the way, anybody
who bought in the after market now is losing money.
So just be a little bit wary of these IPOs.
By the way, ten years from now, the biggest winners
are going to be some of the IPOs from today,
not the ones that are coming out with asinine asse
(14:58):
ten and as eleven valuations though, so just letting you
know we're seeing a little bit of that. If you
have a chance, you can get a chart up of
fig and you'll see it's been trading for one, two, three,
four days and had a low of eighty five, a
higher one forty three, and it's a seventy eight bucks
right now. And I don't even want to get into
(15:20):
what they do. I'm just letting you know the mechanisms
that are happening right now. That's all next gold miners.
We mentioned to you yesterday that the GDX was right
there ready to break out, was up two and three
quarters percent and did edge above that range. Today, the
gold miners have broken out, even though the gold has not.
(15:45):
Now normally we're giving you the word normally. Normally, when
the miners are out performing the gold, that's usually bullish
as all. Heck, we'll see gold has not broken out,
and we just probed it a little bit of go
and we stopped out once it broke the fifty day,
like the smart people do. And of course it's bright
back above the fifty day. What can I tell you?
(16:07):
Small losses. So the gold miners, and there is about
five or six of them that are new yearly highs
at least. I also want to mention there continues to
be money flows in the housing housing related areas. I'm
pretty sure that has to do with the fact, this
(16:27):
is my opinion, there is no doubt that they're going
to lower rates at the September meeting whenever that is.
Whether or not that sticks or not, I have no idea,
but we're just letting you know you're getting money flows.
If any of you read the book Secrets are Profiting
and Bull and Bear Markets by Stan Weinstein, he has
this stage analysis. I'm letting you know that probably you've
(16:50):
gone from stage one into early stage two in the
housing and housing related names. Whether or not they really
go into stage two, that's the biggest sending is another story.
Jury will still be out. So I wanted to mention
that also next cow, I'm going through all these things.
(17:10):
I'm just letting you know. Some ass clown put out
a rumor today that Berkshire, Hathaway and Warren Buffett is
looking at United Health or maybe buying United Health, and
United Health was up ten dollars today, which is about
sixty five dow points. And let me be clear, I
(17:31):
don't know if it's true or not, but if somebody
knows something and they're putting it out as a rumor,
they're an ass clown. And if they buy it based
on inside information, they're going to be a jailed ass clown.
We hate these people. Hates a big word. We dislike
(17:51):
these people. We save our hate for the politicians and
are bad sports owners of our favorite team.
Speaker 3 (18:01):
Hate and loathe.
Speaker 2 (18:03):
I like loathe better lathg. I like that word. So
I wanted to mention that just in case you saw
it was up ten bucks today.
Speaker 3 (18:14):
How's that?
Speaker 2 (18:14):
Okay? Next earnings movers, can I say, holy crap, both
sides down and up? Just a big wow to earnings movers.
(18:36):
You ready. Axo went up one hundred and twenty three
dollars today to eight sixty seven sixteen percent. This is
what do they got? Weaponry and stuff like that? Just
for starters? How about br broad Ridge up seven percent
or BWXT ups eighteen percent, twenty seven bucks to one
(18:59):
eighty two. Pallenteer was up twelve bucks to one seventy two.
I can continue, but you get my point right. Some
pretty how about Lemonade LMND up eleven twenty nine percent,
almost forty eight bucks on a sixty cent loss, because
(19:19):
you gotta lose money these days to go up big
in price, but the sales growth is pretty good. How
about tide Water in a very rough and tough oil sector,
was up twenty nine percent today on a surprise earnings report.
Those sales were only up one percent. It was up
(19:39):
fourteen bucks to sixty three wild and there's a bunch
more that had really good moves, not just today but
in the day's past. But again, and as we warn
and as we tell you it's earnings roulette and you
(20:04):
just don't know because Gartner Group was down twenty seven
percent today to ninety two bucks. How about something called
Oddity down twenty two percent, down sixteen to fifty seven
or Kindrel Holdings down almost eight to twenty nine bucks
or twenty one percent. Or Vertex Pharmaceuticals of past leading
(20:26):
biotech down ninety seven bucks to three hundred and seventy
four bucks. Or something called gram Court down down eighteen percent,
or Shift for Payments Simple fou Are down fifteen percent
to eighty six or Voyage a tech recent IPO down
six to thirty four. Catching my drift up next to
(20:47):
a few more of those them the final numbers, and
you know whatever else. Thanks for being here.
Speaker 3 (20:53):
I'm Gary.
Speaker 2 (20:54):
This is the one only investor's edge.
Speaker 3 (21:11):
You're listening to.
Speaker 2 (21:12):
America is talking small investor's edge. He's gotta be feed
with the crowd.
Speaker 1 (21:18):
Is just on his feet here, he said her on
a boy with Gary called Bob.
Speaker 3 (21:23):
He comes highly recommended. You're gonna feel better if you
talk to.
Speaker 5 (21:26):
Him, and and welcome once again to Investor's Edge.
Speaker 2 (21:37):
As I was saying, a Palamar Tech down fifteen percent today,
ad Tran down fifteen percent today, Shoals Technology thirteen percent,
sent His Tech down thirteen percent. Him and Her Health,
which has been kind of a crazy stock, down twelve percent.
McGraw hill didn't even know it was trading of a
twelve percent. Trans Dined down one hundred and ninety two
(21:59):
bucks or twelve percent, Zebra Tech down thirty eight bucks
or eleven percent. There's the Figma down another ten percent today.
That's just a few I got a bunch more down
between five and ten percent today. And by the way,
we're not saying bearish bullish, bullish bearish. We're just saying
(22:19):
just a lot of jello moving on the plate kids,
both up and down off of earnings reports. And we're
being very wary of extenuated moves both sides, both ways,
because too far down ten to bounce and too far
up ten to come down. And I've noticed today they
(22:40):
opened up a few things hot and they slammed the
living heck out of them. I noticed something like a
Silicon labs. Don't worry about what they do, but they
opened it up and finished down five percent, was down ten.
Gotta just be careful because you don't know throughout the
earnings day, but the Dow was down sixty two today
(23:03):
even though United Health was finally at an up day,
up ten, and I'm pretty sure it was on that
rumor pretty sure SMP warris down thirty and the Nasdaq
down one thirty seven, down one seventy. So I want
to put little pieces of the puzzle together. We had
some good distribution into Friday, and we woke up yesterday
into a gap to the upside in a strong day,
(23:25):
and now had a little bit of a rough day.
Here's your Gary's.
Speaker 3 (23:31):
Guess.
Speaker 2 (23:34):
I think we got some backing and filling, sitting and
shucking and jiving and all that stuff right now. That's
my guess. I'm thinking that little top was put in place,
probably gonna be something for right now. Though, As we said,
money flows into utilities, money flows into the housing and
(23:58):
housing related like BLD, which was up twenty bucks today
on their earnings, or LGI is a home builder up
four dollars and seventy cents to almost sixty bucks on
their earnings, that type of stuff. So a little bit
of movement going on right now. I don't know to
what extent. I will tell you we lopped a few
things off, stopped out of a couple of things, misplayed
(24:23):
a finger two also, And when I use the term misplayed,
it just means I got stopped out. But I think
maybe we're gonna get a little bit of I'm not
gonna say head when I just think, maybe a little
stall notwithstanding big earnings reports or bad earnings reports. And
(24:46):
again for the record, just some really extenuated moves in
the aftermarket. Of note of import, I've got AMD down
a whopping two and a half bucks in the after
market as I speak on earnings, but I also noticed
something like an Upstart closed it eighty. It's down ten
(25:07):
bucks to seventy two and change. This is one of
those wimpy companies. I'll pay you Tuesday for a Hamburger today.
I think this buy now, pay later, the rooms to
go loans. Boy oh boy, I wonder I gather some
(25:28):
of the greatest shorts in history would be these buy now,
pay later loan companies. When we go into a recession,
I gotta figure these stocks get mauled. And by the way,
Upstart went from four hundred down to fifteen in the
bear market. Just letting you know, by the way, I'm
(25:51):
not ripping the companies. I'm just letting you know this
buy now, pay later society we're kind of getting into.
I'm a Dave Ramsey kind of guy. I have credit cards,
but I never pay interest. I'm always paying them off,
and I just know there's a lot of people that
(26:11):
are neck deep that can't pay their cards and they're
ending up paying thirty percent. You know. By the way, AMD,
I got it now down seven bucks in the after market.
I don't know what they've said, but the stocks had
a good move up. We'll see, and it's down ten
(26:33):
dollars for the day overall, not the leader of the group.
We'll see if it knocks anything down tomorrow if this continues,
Remember they report earnings, then they go into a conference
call and all that crap. I'm also noting that super
(26:54):
Micro closed it fifty seven. I got it forty eight,
so that's getting smacked also, So a couple of little
things getting hit, which takes me to something else. I
would like to be a little bit louder on you ready.
(27:17):
The S and P five hundred. This five hundred stocks
equal weighted means that each stock is worth the exact
same thing going up or down, and they actually have
an equal weighted ETF the RSP. That means and Nvidia
(27:45):
is worth on a move, just like the five hundredth
biggest name, and then you have the not equal weighted.
We're just letting you know, We're just letting you know.
(28:08):
Four hundred and ninety three stocks in the S and
P are sixty four percent of the S and P
five hundred, four hundred and ninety three stocks, seven are
thirty four percent. They better keep these seven happy. How
(28:34):
about that? Nvidia, Microsoft, Apple, Amazon, Meta, Broadcom, and Google,
and I include Google. They have two classes and I
tot of them up. Those seven, Those seven make up
thirty four percent of the S and P and sixty
(28:55):
four percent of the Nasdaq one hundred. Do you know
what that means? Well, let me tell you what it
means to me. If I ever deem those seven going
into a bear market, you ain't gonna see me owning
the Nasdaq one hundred or the S and P five hundred.
Simple as that of those seven. Apple week and that's
(29:21):
it right now. Microsoft has been strong, but I think
it hit the wall recently, and Vidian not a problem. Amazon,
well they just gap that down and it's gonna need
to hold the two hundred day move an average. We'll
call that week Meta just gap to the upside. Broadcom
has been ascending quite quietly and nicely, and Google laboring
(29:45):
but not hurting. So I just wanted to let you
know because these numbers, especially the Nasdaq one hundred, I'm
pretty sure this is the biggest number ever.
Speaker 3 (30:00):
Pretty sure.
Speaker 2 (30:02):
This is the biggest number ever. And I believe it's
moui importante. We call it concentration. The concentration of the
big indices are at record, record, record record, And it's
(30:24):
not even the Nasdaq one hundred that gives me the willies.
It really is the S and P five hundred seven
stocks are thirty four percent, four hundred and ninety three
stocks our sixty six percent. That's insanity. So just letting
(30:49):
you know, the RSP is the equal weighting. The SPY
is the other one. And if you want to know,
you're ready for the Nasdaq one one hundred and vidios
fourteen and a half. Microsoft is thirteen point one, Apple
is ten point one, Amazon seven point six, Meta six
point four, Broadcom four point six, and the two classes
(31:12):
of al a bit excuse me of Google are seven
point eight nine and there you have it. I thought
worth mentioning. By the way, AMD is now down nine
(31:33):
dollars in the aftermarket, or five and a half percent
to one sixty five, and it was down two and
a half today. Super micro smoked upstart smoked. I don't
see anything else just yet, Happy days up next news
in to day and whatever else today. This is the
one only investors A.
Speaker 3 (32:14):
You're listening to?
Speaker 4 (32:16):
What are you waiting for?
Speaker 3 (32:18):
One to ready? We can't recalled Bob Dun in the news.
Speaker 2 (32:56):
Yeah, there's a lot admitting going on that Israel is
not star the people of Gaza, that it's been hamas.
That's starting to come out in the miserable scummy, slimy, sleazy,
corrupt media kind of sort of being pushed into kind
of sort of reporting it. Boy today suck every single
not every single one, but most of them. It's uh, stunning, stunning.
(33:28):
You know what SNAP is, It's a supplemental nutrition program
to provide food to low income families. I guess food
stamps they used to call it. Is that. I'm pretty sure. Uh,
the Trump administration is moving that people that are getting
SNAP can no longer buy sodas and sweets and what
(33:54):
they deemed to be unhealthy. Now the libertarian me say,
get your butt out of what I decide to eat.
That said, these are taxpayer dollars. Remember, anytime the government
gives out anything, it's our money. They don't think it is,
(34:16):
but it really is. Anyway, I was thinking about it today,
and you know, I think I'm okay with that. I
don't know about the soda thing, because you can get
like the Koke zero with something like that. But I think,
you know, the first thing that should be these things
should be spent on is the healthy food. What do
(34:40):
you think anybody have an opinion of that? You can
email me. I'd like to hear from you. I think
that makes somewhat sense. In the news, Hey, Don Junior
and Eric Trump are doing a spack. They're doing a
blind pull blank check company. Feel good about that. It
(35:01):
makes me vomit. Let us continue. I do want to
let you know that it is being reported that sixty
one percent of the NASDAC companies have reported twenty seven
point five percent year over year earnings per share growth rate.
That's what somebody put out. I investigated. I'm not so
(35:23):
sure that number, but I'll I know there's some companies
that are really reporting some big stuff. That's if that
was the number, that'd be pretty darn good. I'd say
that's pretty darn good. Hm. In the news, I'm sure
(35:47):
you're reading about Texas and uh, Texas Republican Republicans redistricting
to benefit them for the elections going forward. I guess
the it's called jerry mandering, right well, the Democrats are
going haywire, going nuts, and they left the state, which
(36:08):
I hear is illegal. So the Republicans saying they could
be arrested. I don't know how to end it up today,
but I just want to let you know I live
here in Florida, and Florida Democrats carved out plenty of
times trying to carve out or carved out, jerry mandered
their own little fiefdoms also, So I'm just letting you know.
(36:31):
The media is portraying this as Republicans bad, but the
Democrats wrote the book on it. I just wanted to
let you know that. And I don't know how this
is going to play out. And by the way, as
you know, I can't stand either party. Next in the news,
and here's something really interesting, do you know the Fox
Weather people you know, they're really big.
Speaker 3 (36:53):
They have.
Speaker 2 (36:55):
I'm a Fox News Channel business contributor. I'm on Fox
Business and Fox News. Whenever they ask, Fox Weather Channel
called me and Saturday morning at eight thirty am, I
will be doing an interview with them. They actually do
Saturday mornings somewhat a weather and business segment, and I'm
(37:17):
doing it this Saturday. Wow. I don't know if I'm
gonna be able to talk about Cumulus, NIMBI and cloud formations,
but I can certainly talk hurricanes. I told them they
can ask whatever they want, but I just want to
let you know that's the news of the day. Trump
(37:37):
is gonna name a new FED governor, and believe me,
there's nothing I am not happy about. Trump gonna put
in their own, his own per op. He might as
well put himself in running the FED, because he's gonna
put a puppet in there. I am not thrilled with that.
And I'm really pissed off at him for firing this woman.
You're not the jobs president. When you fire somebody arbitrarily
(38:00):
for no reason and claim that woman cheated you and
rigged the numbers for the employment figures, that's a lie
and it really irritates me. Imagine what this woman's going
through today, and imagine you do know she's getting death
threats today, right, She's getting death threats because people are insane.
(38:24):
So I really hope the President should hire her back immediately.
He doesn't have to say he was wrong, but just
hire her back. She did nothing wrong, she was just
doing a job. The formula is the formula. Nobody changed
the numbers. The president just kind of sort of. I
can't call him a wimp because what he did after
he was shot, that's no wimp. But he's you know,
(38:49):
you get my point. So just letting you know, I'm
not thrilled. I'm not thrilled at all. I'm not thrilled
at all by any of this, and I don't think
(39:13):
he would listen to me if I sat down with him.
But I seriously can help him big time. I could
correct his waywardness because he should just concentrate on lower taxes,
less regulations, get the hell out of the way, and
(39:38):
let us do our thing. So just letting you know,
I'm thrilled with a bunch of things he's doing. I'm
less than thrilled with other things he's doing. But we're
rooting for him, wishing him well, and I can't wait
to play his new Scottish golf course. I played his
first one, which was amazing. I'm hoping this next summer
(40:02):
you'll have a uh great evening. Drive carefully. I'll be
on Varney in Company more in the nine o'clock hour.
Check that out Fox Business Network. And when you get home,
do like we do. Quite simple. Make sure you hug
your family. Make sure you hug your children. They will
feel better. You will feel better. I promise they will
be well. Hey, my son's in Florida visiting me. Have
a great one, peace out, all good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Kultbom on Biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's garyka dot com.
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