The Hulkster [07.24.2025]

https://garykaltbaum.com/

Episode Transcript

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 (00:11):
And welcome once again to Investor's Edge. I'm Gary Kolbaumb
your host. Hey, thanks for being with us today. Glad
you hear, ladies and gentlemen, happy that you are listening.
It is the twenty fourth of July two thousand and
twenty five, and it's another tough day. We'll get to

(00:35):
that in a minute. In case you don't know, this
is serious talk on everything that affects you do, the markets,
the economy, your job, your industry, them over in DC,
and whatever else we think matters. And if you do
not get this radio show in your city, we'll post
it at gary k dot com. Wel also posted on
our X feed. I got it right, And if you

(00:56):
don't follow us on X you should, and if you'd
like to email us, just be nice. We'll also put
it on the podcast apps also. So as we go
through life, you know, we all are a product of
our decisions, our choices, and some things you're in control

(01:17):
of and other things you are not. That's how it works.
We all have our loves, our likes, and our dislikes.
And when I was young, my idols were Arnold Palmer
in golf, Dusty Rhodes in professional wrestling, Willie Mays in baseball.

(01:46):
I was in Vegas and I saw Willy Mays at
the ticket counter and I ran up to him and
I said say hey, and he gave me a big smile,
and I just said, just letting you know how much
I love you. And he couldn't have been happier. I didn't.

(02:07):
There's no pictures, no cell phones to take pictures, nothing,
but I will never forget that moment. I got to
meet Dusty Rhodes every Wednesday at Miami Beach Convention Center
every Wednesday to watch him fight the bad Guy, and

(02:30):
when he passed, it hit. In fact, there was some
really weird coincidences with that in that I was in
the hospital visiting somebody the same day he showed up

(02:51):
at the hospital and passed away that night. You got
to realize something that I lived and breathed him when
I was a kid. His famous move is the elbow,
and I used to do elbows off of my parents'
dresser on to the bed. And Arnold Palmer loved him

(03:15):
everything about him and the year before he passed away,
I paid some serious bucks to go on a private
jet Blue Jet to Latroe, Pennsylvania with my good friend
Larry for it was an Arnold Palmer charity event and
I got to meet him. I shook his hand and

(03:38):
his first time I was ever up close with him.
I was almost crying just meeting this guy. And Hulk
Cogan passed away today at seventy one. I heard he's
been hill but he went home and I guess he
had a heart attack this morning. And as you all know,

(04:02):
I'm an insane professional wrestling fan. You know there's now
a twenty four to seven wrestling channel on Sirious. I
could easily be hosting a show better than most of
them that are on there except for the wrestlers. Very
tough to outdo the wrestlers, But they are hosts there

(04:24):
that are not wrestlers. I'd eat them alive. We all
lived and breathed Hulk Cogan. He was the guy, he
was the money. I will tell you that one of
the worst things that happened for me was I got

(04:47):
on a flight from Vegas back to Florida and he
sat down next to me on the plane and I'm
thinking I was going to talk as year off and
what he says to me, would you mind if my

(05:08):
friend who's two rows behind sits here? And what am
I going to do? Say no? And it turned out
it was Rick McCord, a jobber, a guy who loses
all these matches. But I've met him a couple of
times after and in awe every time of Hulk Hogan.

(05:33):
I know this controversy and all that. I don't give
a crap about that today. But as you get older,
we're losing all our favorites. I guess this is the norm.
When Neil Perk died from Rush, Glenn Fry from the Eagles,
Becker from Steely Dan, Johnny Carson, which I watched every

(05:58):
night religiously and pretty much every day now. And you're
anybody that's my age going through the same thing. I'm
reading every day about somebody who died, who won a
Super Bowl when you were younger, and the next person

(06:22):
and the next person. And you know, I love the
General Hospital and all my children. When I see the
actor or actress, I guess that's what you call life now.
And now I'm in my sixties. Anybody who meets me
thinks I'm in my forties and I act like I'm

(06:43):
in I'm still sixteen, but I just wanted to I
got affected today because another one of my professional wrestling
and I have other favorites, but he was the guy.
The three, probably three of the top five most important

(07:05):
moments was Hulk Hogan slamming Andre the Giant turning heel,
the greatest heel turn of all time, and then Rock
against the Rock in WrestleMania eighteen was had me. I

(07:25):
think I've watched that back one hundred times. Anyway, Terry
Boleya passed away at seventy one, and you know how
you know somebody of import. Every channel is covering it
at not just for thirty seconds, but for a long while.

(07:50):
Every professional wrestler is commenting on it. Everybody in the
business commenting on it. Seventy one, ladies and gentlemen. I
just spoke to my father a couple of minutes ago,
who's going to be ninety four in October, and he

(08:11):
had said to me, you know, hul Cogan passed away,
and I said, you know, he's seventy one. He goes,
I know what you mean, You'll take care of your
health alcohol is not cool. Drugs ain't cool. Take care

(08:32):
of yourselves please. Anyway, that's my little history of my
athletes and professional wrestling. And by the way, I will
be at Summer Slam in New Jersey next Saturday. I

(08:54):
may go Sunday. All say they made it two nights,
but I have a ringside for Saturday hammer side also,
so you'll be seeing me if you watch SummerSlam at
ringside a few rows back. And I still remember being
made fun of all my life professional wrestling, and now

(09:17):
it is so fricking mainstream it's not even funny. We
move on. We segue because that's what we do. I
want to start with something that's of import to other things.

(09:37):
First off, Columbia University is paying two hundred million dollars.
I guess it's a you can call it a fine.
I want to thank President Trump for doing what you
had to do. Columbia University treated Jewish students like they

(10:02):
with the dirt on the ground. They let people threaten them.
There's video of students being blocked and being corralled by
a bunch of these scumbags there. Lucky I wasn't one
of the students. I would have kicked all their asses,

(10:23):
so Columbia is paying the price. Harvard wants to fight it.
We'll screw them up next. We'll finish that up. Hit
the markets much more on Gary, This is the one
only Investor's Edge. Hi.

Speaker 3 (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
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(11:25):
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(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 4 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.

Speaker 5 (12:09):
You're listening to. Okay, it could be fun Investor's Edge,
the last bastion of quality programming with Gary called Bomb.
It doesn't get better than this.

Speaker 2 (12:29):
So uh, I'm Jewish and this has nothing to do
with you and your money and the markets. But I
would say this if they did it too. An erace
creed color denomination, gender, short, tall, big, little, fat, skinny.

(12:57):
It wouldn't matter to me what those stupid pricks did
at these colleges. I cannot believe how bad the people
running the colleges were. You saw the college presidents up
on Capitol Hill when asked about it, that do you
believe in the death of the Jewish state that these

(13:18):
people are calling for? Well, it has to depend on
the context. They were women, all three of them. If
they were men, I would have jumped over those tables
if I was there. Imagine going to school to study

(13:40):
and being you're having your life threatened by a bunch
of scumbags because of your religion. And we all know
that these morons running these colleges. If it was anybody
else but Jews being harassed. Imagine if there's the blacks,

(14:01):
they would have been going. That's matter. If it was
the gay community, what they would have done, we know
what they would have done. So the penalties aren't even enough.
I believe some of the presidents are gone. This latest
one at Columbia used to be I think a journalist

(14:22):
or an anchor. She's terrible. The fact that they have
to pay tells you everything you need to know. I
thank the president because that last president, the worst president
we've ever had, and boy, we've had some bad ones.
Joe Biden was doing nothing about it. I had to

(14:47):
bring that up. But the other thing I got to
bring up, so I compliment the president. But there's so
much weird going on, because yesterday there was how do

(15:08):
I put it, Japan? The President announced a massive trade
deal with Japan, a massive. He used the word massive
and explain what it was in specifics Japan and I quote.

(15:34):
There have been no discussions with President Trump regarding the
implementation of this deal. Currently, there are no plans to
sign a legally binding agreement. We have established a mutual
understanding with the US regarding the trade deal, but that's all.
What have we told you about over promising. I don't

(15:58):
think the president's listening. I taught my kids a few things.
One of them was don't lie. Don't over promise, because
first off, if you over promise, you're gonna disappoint. If

(16:18):
you lie, you're gonna have to cover it up. If
you've found out, people are gonna believe you're a liar
and not believe anything you say going forward. I wish
I could have a sit down with the dude. I
think I could help out. I don't know if he'd listen.
But man, oh man, there is no sign anything binding

(16:40):
with Japan. Nothing, and I don't know if you know
trade deals, not much ever gets through. We'll be hopeful
today in the market. Interesting that the Dow is down
three sixteen, but the S and P was up four,

(17:01):
which means that the technology stocks were up because technology
is so huge to the market. The NASDAC up thirty seven,
Nasdaq one hundred down up fifty seven. That was the
story today, but advance declines were sinister today could be meaningful.
Maybe nothing of note in the Dow. IBM down twenty

(17:23):
one and a half today. Ouch, that would be about
little bit one thirty five Dow points. Honeywell Alow Beata
named down fifteen about ninety five Dow points. So between
those two no help, and you had a few. Oh.
United Health, oh, my goodness, down another fourteen to two

(17:46):
seventy eight. Talk about no help, something about the Justice
Department and all the you can all thank me, right,
what have we told you to avoid? More than anything recently?
The manage care they were ripped again today. MH down

(18:08):
thirty two to one fifty eight, ELV down sixteen to
two eighty, Signa down ten to two ninety three in
United Health my goodness. Of note decent though, was the
AI semiconductors. Why yesterday the President had this confab on

(18:34):
AI and the market was happy about that today and
completely ignored the Dow and you had Microsoft continues on.
I believe they report next week and videas I mentioned
part of that AI a broad com up for Amazon
up three. That'll do the trick, some of the biggies

(18:58):
doing the heavy lifting. T But of note, and not
to be ignored. You don't want to see too many
bad advanced decline days while some of the big indices
are up. Tesla down twenty eight and you know what

(19:20):
I was doing today all day waiting for the defenders
of Tesla, because it's kind of been teflon ish, if
that's a word. And all we keep hearing is don't worry.
They're doing robotaxis and doing robots and this and that
and all that fun stuff. All I can tell you

(19:42):
is that it's weak, got weaker today. But it's had
a reputation in the past, even on bad news, to
get defended and turning up. It did not happen today.
You got strong support in the two point eighty, the
three hundred area closed the three oh five, and by
the way, the numbers stunk. Free cash flow was down

(20:07):
a huge May I state that for the record, others
of note Chipotle down seven to forty five and three quarters.
Do you remember what I told you when they did
there fifty to one were split that normally that's a
sign near a top. That's exactly when the top was. Anyway,

(20:32):
sales growth measley three percent. Earnings were down three So
my little small sampling of Chipotle came out true. Up
next we'll explain that and Starbucks and whatever else is
going on in the market. I'm gary, this is the
one only investor's edge.

Speaker 5 (21:11):
You're listening to America is talking falling investors edge.

Speaker 1 (21:16):
He's gotta be with the crowd.

Speaker 5 (21:18):
Is just on his feet here.

Speaker 4 (21:20):
He said.

Speaker 2 (21:21):
A boy with Gary called Bob come highly recommended.

Speaker 4 (21:24):
You're gonna feel better if you talk to him.

Speaker 2 (21:38):
So, as you know, we do these little samplings and
we qualify them. But one of the things we told
you was we thought Chipotle's business was soft, softer coming true,

(21:58):
and we asked questions. The other one Starbucks, I can
tell you where I go, business is way down. And
you know how you know, well, you just think about
where you are and where you are when you used
to have fifteen cars in the drive through lane and

(22:20):
now there's one. We'll see how that plays out. And
I still don't get it. They bring in the new CEO,
pay him big bucks, and he says, we are not
going to lower prices, even though the world is price conscience.
He's saying that because we're the elite, you know, we're
like the four seasons of coffee. Well, we'll see. I

(22:40):
hope it works out for them. I hope it works
out for them. People a lot more price conscious. Now
we'll see what else today that's stuck out I have
to tell you there was some good action, but still
a lot of blow ups going on Google Open strong.

(23:04):
This is of note, was up eight finished up a
dollar ninety five. That's what is known as distribution. But
some good movers in Deutsche Bank. United Rentals was up
seventy two bucks seventy two dollars on two percent drop
in earnings and a deceleration of sales growth of only

(23:29):
five percent. And I look at what they said. I
didn't see much but strong action in United Rentals today.
Blackstone good move, t Mobile, good move, NASDAC good move.
On the other end, I mentioned a few on the downside,

(23:49):
there were others. The home builders which have tried to
get out of here to the upside well TMHC Taylor
Morrison got smoked today on their numbers. Southwest Airline Stock,
which was acting much better, got smoked today on their numbers.

(24:09):
Earnings down twenty six percent, revenues down one. That ain't
no hill for a climber, uh coming up. Let's see
who hasn't reported yet? Apple has not, Amazon has not. Oh,
by the way, excuse me, SAP with that big gap

(24:33):
to the downside, follow through to the downside today, Netflix
Whi's had that gap to the downside has been following
through to the downside. Those are a couple of big
names that not good, and you can now add Tesla
to that not good. Coming up soon will be I
think Meta's next week. I'm pretty sure it's not tomorrow.

(24:56):
That is correct, and Meta also so we have some
big east to come. As always, will tell you the
exact same thing with thinking, and that is we have
no clue what they're going to say or how they react,
but we'll be on top of it now. I mentioned Chipotle,
just letting you know some of the restaurant stocks got
young today. With Chipotle, just let you know, Cracker Barrel

(25:20):
was down eight percent, Cheesecake factory down five percent, Darden
was down, Brinker into National which was strong getting yacked,
shake shack down foreign change today. So wasn't a very
oh wing stop down twenty today six percent. They report

(25:42):
next week. So restaurants not good. And as we have
told you, if more and more arias show up on
the lookout side, we'll let you know. But overall, as
we've stated to you, if the financials are in shape,
if the semiconductors are in shape, very tough to crack

(26:05):
the whole market very tough, and the AI semiconductors, as
Larry David would say, pretty good as of now. And
the big banks, which were up much stronger early in
the day and finished crappy because the Dow is down

(26:27):
three hundred in change. Still in shape. If that changes,
will let you know. But it is quite interesting. I'm
gonna do a little exercise tonight with my peeps. Wow,
a lot of blow ups, a lot of blow ups
in the market. And that may just be because we've

(26:48):
had a good move up, but a lot of blow ups.
I was just noticing that Union Pacific blew up. They're
only a rail company with like twenty five five billion
in revenues, down about five percent, And yeah, that's a
blow up or something like that. But overall, still in shape.

(27:11):
The big indices refuse to buckle. Other notes. Gold pull
back a little bit, but off the lows, and it
looks like a normal pullback. Right now. You can add
the hospitals to the bye bye so hospital stocks in
real bad shape. And we've been telling me, excuse me,

(27:34):
a lot of the healthcare iw so, now throw hospitals
into the Somebody took out the machete and cut them
off at the knees, and as you know, we complain
about them. I don't understand how I go in for
a a few hours and get a twenty six thousand

(27:55):
dollar bill and then they charge me five thousand for
outpatient when I was in an now patient, six thousand
for the emergency room when I was in there for
ten minutes. And then they had to change all the
coding when I called up to complain and they changed
it to observation. Some of these hospital billing departments are

(28:16):
full of crap. Speaking of that, you know what I
have to do now, I'm turning sixty five in October.
I can do this medicare stuff. I have no clue
how to do it and what to do. But oh boy,
am I getting a lot of mail on it. I
guess everybody knows your birthdays? Huh. Every day I'm getting

(28:36):
three or four pieces of mail from every insurance company
or every whatever that does that, hey you're about to
da da dah, and Medicare this, and Medicare that. I
started reading up on it, and you know, I think
they just make it confusing on purpose. Seriously. Part A,
Part B. The hell is all that anyway, I'm gonna

(28:58):
figure it out, and I have no clue what to
do how to do it, but I'll figure it out.
After all, when you look at your paychecks, see how
much you pay in for all this crap. I also
got my Social Security thing, by the way, you know
you get that every now and then. Hey, gee, they're
gonna if I start taking Social Security, they're gonna pay

(29:21):
me three thousand a month. But if you wait a year,
at thirty three hundred, and if you wait two years,
it's thirty six. Gee. Thanks, do you know? I don't
know the exact number. But if there wasn't social Security,
but I was forced to take all that money that
I put into that Social Security pot and just put

(29:42):
in an account and just bought ten year bonds at every
ten years, I'd rolled it over, just ten year bonds.
It'd be in my name, still not government, and I
have a lot more money. And imagine if I just
put it into an S and P fund, maybe twenty
percent of it. What a great con And just so

(30:03):
you know, they did it for control because they don't
think you can handle your own money. We didn't need
solid security, Oh yes we did. No, you didn't individual responsibility.
You know they some of the Marxists were trying to
get rid of our four to one k's and put
it in their hands a few years ago. You know

(30:25):
that they floated it and they got kicked in the
nuts within fifteen minutes, and they shut it down pretty quickly.
Remember control and domination, That's what a Marxist loves, says
the mayor of New York soon to be by the way.
He's probably gonna win because the people in New York City,

(30:47):
the voters are insane, are insane. Yeah, let's vote in
the commune, sure enough. Anything else sticking out, well, there's
just thousands more earnings to come. That's all I can

(31:12):
tell you. And what I do is I mind them. Today.
I got this new list Blackstone, Deutsche Bank. I'll take
Google off because that reversed, lab Core, NASDAC, T Mobile,
United Rentals. We're always looking for the strongest reactions and
why but some of these have down earnings and we

(31:32):
won't touch them. And we do ask the question, why
would it be up that much? And the answer is
don't know. Hey, up next, what else is going on
in the world. We'll figure it out. I'm Gary this
is the one only investor's.

Speaker 5 (31:52):
Edge you're listening to. What are you waiting for one

(32:19):
to ready go in quest? We can't recalled Bob.

Speaker 2 (32:52):
Donu, No, no, no, So Trump is uh touring uh with
the Powell and hard hats with the Federal Reserve. Just

(33:12):
an excuse that it's such bull crap. I don't like
what this administration is doing with targeting people, making them
the enemy. And I'm no J. Powell fan, but it's ridiculous.
It is ridiculous, just my opinion. I'm sure Steel disagree

(33:33):
out here. There's a lot of retaliation going on. You
know what I want, right, says less regulations, Get the

(33:55):
hell out of the way. Everything else is nonsense. Excuse me.
Strong on crime, A strong on the border, which he
gets an A plus plus plus plus plus four if
Trump did nothing else. What he's done with the border

(34:16):
A plus plus plus plus plus saved lives. He's saving lives.
But now they're doing a cover up of the Epstein
thing and they're looking bad. They should just come out

(34:36):
with it's no big deal. We know what Epstein was
and we know he didn't commit suicide. He was murdered.
Of course, he was moving on interest rates, colm ices, calm,

(35:04):
the economy in shape, not sizzling, not hot economy, the
President saying the greatest economy ever. Know it isn't. But
it's fine. Job market, fine housing market. Well guess what.

(35:25):
Not affordable, by the way, because of J. Powell. All
this is an outcome of him. He should have been
fired for that, not this other thing. And what we
are seeing now in the housing market is fantasyland going away.

(35:46):
I will tell you here in Florida, a ton of inventory,
a ton of houses staying up for sale, and a
one of prices being dropped, and a ton of homes
just being taken off because they're not being sold. You're

(36:10):
in one of those moments. It has not gotten bad.
I know there's a condo issue because of other things.
Let's hope it doesn't get bad. And I really do
believe all we are seeing is fantasy land prices coming
back to some sort of norm. And when I mean

(36:31):
fantasy land, I've been seeing homes that went three years
ago for a million going up for one point eight,
houses that sold for five hundred thousand three years ago
trying to be sold for nine some even higher. And
I also look at the very high end. Wow, homes

(36:53):
that went for two and a half million three four
years ago six just ain't moving. So we'll keep you
informed on that. Let you know. It's easily becoming more
and more of a buyer's market in a lot of
areas around the country, and I suspect that's going to
continue for two reasons. Number one, the three seven who

(37:22):
wants to sell their home with three percent and get
a seven than the affordability average person cannot buy a
place in New York City. Wealthy people can't buy a
place in New York City, and here in Florida in

(37:44):
some areas, wealthy people cannot get into nice country clubs
right now. Too high. We'll let you know if it changes.
We'll let you know if it worsens. But there's a
rhyme in a reason. The home builders have been very
weak for the last I don't know a year and change.

(38:06):
They have bounced a little bit recently, but certainly not
leadership and now back on too earnings. Stay tuned. So far, okay,
the good is gooder the bad is bad, and we'll

(38:29):
have a lot more in the next two to three weeks.
I haven't even looked yet. But after the close today
was Decker's Intel, Intel sh VeriSign Tomorrow be Charter Communications,
gentechx oh bunch, and then next week look out Apple, Amazon, Meta,

(38:57):
and we'll get a better idea. But today Google big
gap up, didn't finish well. Tesla toast and again they
just ain't selling cars like they used to, and all
this dependency on robots. They better sell a lot of them,

(39:21):
and robotaxis they better sell a lot of them because
they're not selling as many Tesla's at all. And free
cash flow way way way down. We'll see what's next.

(39:43):
My big worries this second, I really only have one.
The President going nuts again on tariffs. That's the only
worry I got this second. Yeah, there's some things breaking
down this some areas, as I mentioned, still not in
good shape. But until them financials and semis get gagged,

(40:05):
I'm not so worried overall that all said, you have
a great evening. Drive carefully when you get home, do
like I 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
until tomorrow. Good night.

Speaker 1 (40:22):
This has been Investor's Edge with Gary Cultbom 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.