November 18, 2025 • 40 mins
https://garykaltbaum.com/
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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 (00:11):
And wek once again to Investor's Edge. I'm Gary kolbamb
your host day. Thanks for being with us today. Glad
you're here, ladies and gentlemen, Happy that you are listening.
November eighteenth, Tuesday, twenty twenty five. Hope you're having a
good day. As always, serious talk on everything that affects you.
Will do the markets, the economy, your job, your industry,
(00:34):
everything that affects it. Out of the morlocks in DC,
no really and of course the debt and the deficits
and the scams and shams and corruption and the bs
and the obfuscations. Big word from Gary and whatever else
comes to mind. If you do not get this radio
show in your city, will post it at Gary k
dot com. Wellos posted on a Twitter feed which is
(00:56):
now X and if you don't, I should just say X.
And if you don't follow us on X, you should well.
Us posted on the YouTube channel biz tv as well
as other podcast apps. And if you'd like to email me,
just be nice. So, ladies and gentlemen, the dow was
down five hundred, the S and P fifty five NASDAK
two seventy five, Nasdaq one hundred two ninety six. Let
(01:20):
me repeat that Dow was down five hundred four ninety
eight and a half. S and P was down fifty
five NASDAK two seventy five, NASDAQ one hundred two ninety six.
Advanced declines were positive today on the New York and
even on the Nasdaq. What how can that be? Well,
(01:49):
you had a little bit of the opposite day to day.
So let me explain for all that need to know,
which is everybody. Technology has not one hundred percent, but
has taken over the big indicies in a big way.
(02:11):
They are a huge portion of the big in disease.
And if they have a bad day, but the rest
of the market have a good day, market's still going
(02:31):
down because of how big they are. We've had days
listen carefully with a Dow was up five hundred and
I came on this show and said the broad market
(02:53):
was terrible. Let's use the S and P. And that's
because the S and PS. So much of the tech
today was a brutal big tech day, while other areas
of the market were green for example, Microsoft down fourteen today,
(03:20):
Costco down seventeen, and yes there is a high price,
but those are some pretty good numbers. Tesla down seven
and change, Amazon down ten and change Semiconductors down one
fifty four, so Micron down thirteen, Sandus down twenty, AMD
down ten, ASML sixteen, KLAC down ten, big portions. And
(03:48):
of course, and then there's earning season, earning season, earning season.
Home Depot down twenty one, down twenty one today on
(04:11):
a worsening outlook, down twenty one today on this is
home Depot In case you don't know, they do about
one hundred and sixty billion of revenues. And of course
if Home Depot goes SODA's lows. But what was up today?
(04:35):
Food and beverage and tobacco insurance. They bounced the withering financials.
You had a couple of restaurants up, believe it or not.
Some lesser tech was up today, some were down. But
it just shows the amazing concentration in the few that
(05:01):
make up so much of those big indicies. You ready
for this one. The Russell two thousand was up today.
The small caps, the mid caps were up today. With
the Dow down four ninety eight, and the S and
P down fifty five, and the NASDAK two seventy five
and the NASDAQ one hundred down two ninety six. Unbelievable.
(05:22):
And I must tell you the companies or whoever they are,
that keep these indices and and the DOO need to
fix this up. When I tell you that Goldman Sachs
is one of the thirty Dow names, and so is Verizon,
(05:48):
but a one percent move in Goldman Sachs is twenty
times more important to the DOO index than Verizon. Something
gotta go, Something gotta change. The problem is I don't
know how to change it when companies are loath to
(06:09):
really split stocks anymore. I mean, hell, we got booking
holdings at forty eight hundred bucks, KLAC at eleven hundred.
Netflix just did a ten for one. By the way,
I was watching Netflix, say I'm thinking that that's not
up much, but he just did a ten for one yesterday.
It was up three dollars and eighty cents today that's
(06:30):
thirty eight bucks. So just letting you know the makeup
of the markets, you could have a good broad market
day and still have a nasty technology day. And by
the way, in the Dow. Amazon was sixty five dow points,
(06:51):
Microsoft was eighty five, and Video was thirty and of
course Home Depot twenty one points, one hundred and forty
five down points approximately. I'm rounding around. So again, my
(07:16):
middle screen today was green except for the semis which
is on the right side of the screen. But the
indices down five hundred, two seventy five and two ninety six, NASDAK,
NAZDAK one hundred and SMP fifty five amazing makeup, and
(07:41):
I have to adjust based on that myself. I have
to recognize that twenty stocks in the S and P
could get trashed in four hundred and eighty, be flatter
up and have a down day. And of course the
Nasdaq one hundred and you know the names and video
(08:05):
reports after the clothes tomorrow. I have absolutely no clue
what they report. I'm sure they're gonna beat. I'm sure
he's gonna say good things. I'll give it that that
I'll give. But what I'd like to do today is
I just put together some things. And we have been
(08:29):
warning you a little bit on what's been going on
with debt and these artificial intelligence stocks, to where we
ask the question, how does Oracle announce a monstrous number
and the stock goes from three hundred and forty five
to two hundred and twenty. Well, all I keep reading
(08:51):
about is the debt a core Weave one hundred and
eighty five bucks down to seven, and many a pundit
love the stock. And I saw somebody talking bullish today
on it, and I'm like, aren't you down like sixty percent?
(09:17):
So let me read a few things to you. There's
a company called Anthropic. They just say the committed to
buying thirty billion dollars of Azure Microsoft compute capacity. Microsoft
is going to invest five billion in Entropic, and Nvidia
(09:40):
committing to invest ten billion in Anthropic. Hmmm. We've been
talking about this circular financing, vendor financing, and I'm just
reading this and I'm like, wait a minute, here, one's
(10:01):
buying into the other. Who's gonna buy into each other?
That's just one. That's just one. That's just one. Next up,
core Weave has bonds, a lot of debt being put out.
(10:25):
They're now triple c's and it just dropped from one
oh five to ninety fived in two thousand and thirty.
Up next, we'll keep going with this not to scare you.
We're just reporting the news. I'm 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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That's eight eight eight four two two five to five
five to nine. Investment advisory services offer through Call Capital Management.
Speaker 1 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 4 (12:09):
You're listening to Okay, Investor's Edge.
Speaker 5 (12:15):
The last bastion of quality programming.
Speaker 4 (12:18):
With Gary called Bomb. It doesn't get better than this.
Speaker 2 (12:26):
So I didn't even know this. But core Weave had
to pay nine and a quarter percent the float bonds
do two thousand and thirty and typically short, short term
bonds should not get trashed. And they're getting hit. And
I don't know if I use the word trashed, uh,
but they're getting hit. Let me continue. Core Weave spending
(12:56):
three hundred and ten million dollars on interest events against
fifty two million in operating income, borrowing money to pay
interest on previous loans. The problem. Microsoft accounts for sixty
(13:18):
seven percent of revenue, but is now building its own
AI chips and data centers. Open AI as twenty two
billion dollar contract with core Weave, but can terminate if
not delivered. Meta signed a fourteen billion dollar contract but
(13:44):
sold thirty billion in bonds to build its own facilities.
All three major customers could become competitors, and Vidia's Corewave's
investor customer, and Venus owning four billion in shares. The
(14:11):
company is building data centers for customers who are simultaneously
building their own facilities to compete with them. And I
keep getting asked, why do you think the stock's getting
hit again. We're just reporting the news, that's all. That's all.
(14:39):
Let's skip around. M nah, let's not skip around. We'll
get back to other things. Oracle, the betting on insurance
(15:03):
to cover issues, the insurance to buy is going higher
in price. This is just the market, just reporting the market,
and we're not picking on It's the market. It is
(15:33):
being reported, and this is a true report. Data centers
are standing empty demand. We worry about bubbles. There's a
(15:58):
startup called Thinking Machine means Thinking Machines Lab. They're in
early talks to raise another round of funding to go
public at a fifty billion dollar valuation, more than four
times from a few months ago. They have no product,
(16:22):
no customers, and no revenues. I'm just reporting the news,
and we're reporting it because Man, a lot of this,
a lot of this just reminds. We're also hearing that
(16:48):
the New York Fed has convened a meeting with banks
about worries about strains in money markets. Now, remember this
(17:10):
is all going on while the market's been withering a
lot of these names. Again, the broad market had a
decent day to day, but the broad market's just bouncing.
I can tell you, hey, some restaurants are up today,
(17:31):
but they've been bludgeoned. So just letting you know. We're
just trying to put the pieces of the puzzle together
on why very popular stocks are getting smoked now. To
be fair, Micron and sand Disc and Seagate and Western
(17:56):
Digital of all that good move up, they're pulling back
right now, but they they've been strong. I'm talking about
the names that had to go from my front screen
to my left screen. I'm talking about what the hell's
going on with Oracle? No, really, how could that be
(18:18):
based on their numbers? So we're just no matter what
anything's trading below, we're not touching. We're avoiding. We believe
in leadership up trends, but there's a lot of downtrends
in these areas right now, and we read everything with skepticism.
(18:48):
We read everything with skepticism. We trust nothing that anybody writes.
But when we look at these stocks on top of
what's being written, you take a pause and we'll see
(19:16):
how it plays out. At the very least, we know
what to avoid in a very very tricky market. Over
the last weeks one of the trickiest I've seen in
(19:38):
a very long time. Always optimistic, but more realistic. And
we'll have been Vidiamar after the close. That's the head
of the table. They will not say anything untoward. They
(20:03):
will talk a big game. We'll be watching what the
big institutions do, will be particularly well. I know what
they're gonna say. They're gonna talk big. Very interested to
see what the semiconductor equipment stocks do, not just what
(20:27):
they say. We know what they're gonna say. That's the
story up next, more on the markets, whatever else comes
to mind. I'm Gary, this is the one only investor's edge.
Speaker 6 (20:47):
Yeah, you're listening to America is talking fallowing investor's edge.
Speaker 4 (21:16):
He's gotta be with the crowd.
Speaker 6 (21:18):
Is just on his feet here.
Speaker 5 (21:20):
Said on a boy with Gary called Bob's highly recommended.
You're gonna feel better if you talk to him.
Speaker 2 (21:40):
And well, once again to Investor's Edge. I don't know
if this is making fun of myself. So last night
I caught a little bug. You know, when you're in
New York at twenty five thirty degrees, little rain on.
(22:02):
You get back to Florida and it's seventy degrees. You
catch these, and you're on airplanes back and forth. You
catch a little bug. So like at three in the morning,
Winston rolls over on me and wakes me up, and
I'm like, can't breathe. Well, I took some Nike Will,
(22:23):
do you know? I was like wasted all day to
day from taking Nike Will at three p at three
am in the morning, I had no idea it says
Nike Will for night. Holy crap. I was wasted. And
(22:45):
I'm told I don't do drugs. I don't drink ever.
What I have this year and drinking, I think I'm
beating last year. Last year I had five drinks. This year,
I've only had three. I think, yeah, I think I've
had three this year, So I guess my tolerance. I
(23:05):
don't know what's in it. I was like wasted. I
was walking around like a mummy. I'm all good Now
that's it for the Nike Will. Holy smokes. And I
mentioned it to the peeps and they were like, yeah,
Nike Will, Nike Will. All right. Now that I made
(23:29):
fun of myself, I think I'm not going to talk
to President today. I'm not gonna say much good He
met with the head of Saudi Arabia, and you can
go read about it. Some of the things I wish
(23:53):
I had his ear, I really do, but he wouldn't
listen anyhow, I could really help him out big time.
A couple other things. I have a little worry in
case you don't know, Fannie May. You know Fannie May
(24:16):
is just eliminated. It's six hundred and twenty FIICO score minimum,
I guess for certain type of homeownership. So it's guaranteeing
riskier mortgages to borrowers with not so good credit. And
of course this came down from the administration to make
(24:39):
housing more affordable. But this is utter stupidity, utter stupidity.
You know what happened in eight anybody that could breathe
could get a mortgage. I told you about somebody I
(25:01):
knew near and dear to me, had ten grand in
the bank, wasn't making a lot of money, got a
two hundred and eighty thousand dollars mortgage with nothing down
on a house that the loan was only two point fifty,
and pocketed thirty grand. They were just giving away the store.
(25:29):
We do not want to lower standards in an elevated
price for home's situation. Simple logic. If you don't have
great credit, you don't have a lot of money, and
you buy a home and prices of the home comes down,
(25:52):
and you know it, you're going to drop the keys
off and it's going to lead to a vicious cycle,
just like the stupidity of the fifty year mortgage, which,
by the way, that's dropped out of sight. And we
told you it would the best idea to give this
(26:12):
administration on affordability of homes. Do nothing. The market will
fix it over time and fixed the mistakes of j. Powell,
the worst Federal Reserve person ever times ten, and he
(26:34):
came after Janet Yelling and Ben Bernanke. Do nothing. If
they can't afford a house, you're not buying it, you're
renting fantasy. Prices are coming down. Let him come down,
(26:59):
and we'll point of equilibrium eventually, maybe in two years,
maybe in a year, maybe in five, don't care. Let
the market be. Of course, they will not listen to me.
They will not listen to me. All this talk now
(27:19):
on healthcare. Just remember the name of the Obamacare is
the Affordable Care Act. The Marxist Party and Obama promised
it would make healthcare affordable. They told us our premiums
would come down. You have Jonathan Gruber on video, one
(27:42):
of the architects said they had to lie to the public,
and they could lie because we're stupid. But now they
claim we have a healthcare crisis due to soaring costs.
Those are the same Marxists. So why would more government
(28:03):
help if government's the cause of the problem. It won't
just letting you know. Remember we're the most logical people
on earth here. Affordable Care Act my ours. Just remember
(28:25):
they're now telling you there's a healthcare crisis. The same
people who told you the Affordable Care Act will cure
it all is now telling us there's a healthcare crisis
their act. We give credit to the President on this
(28:48):
for not giving in on the government shutdown, on what
they want to do with more of our tax dollars
than this boondoggle. See, we're equal waiting here. Not happy
with the President today and how we hand a little
a bunch of things, but we like what they did
(29:10):
holding out. Just want you to remember all this why
I got news for you. There is a decent shot
they're going to have the House. The Marxist Party come
twenty eight. That means they get all the committees. The
(29:32):
good news is they won't get a lot done, but
they'll have a lot more power. And as much as
we are not thrilled with the tariffs and other things
going on right now, economically the Marxists are nightmarish, including
(29:53):
this guy that's going to be the mayor of New
York City, including that guy. So just a little this
and that for you today, ladies and gentlemen, on a
day where my middle screen is all green. While the
(30:14):
dow dropped five hundred points NASDAK two seventy five NASDAK
onto two nine six, and by the way the market
attempted to rally, it was much worse. It was much better.
The NASDAC at its load today was actually down four
(30:36):
to seventy five, but at around two point forty was
twenty two six thirty nine, was only down like seventy
and then fell off into the clothes. The dow was
trying also. The dow was forty six three sixty seven
(30:59):
in the last hour, dropped two hundred and seventy points
late to be down five hundred, was down most of
the day, and of course home depots certainly not helping.
And for that, we will be visiting five home depots
(31:22):
this weekend. There's about five within forty five minutes where
we live, just to get a feel Actually, I'm gonna
go visit one tonight just to get a feel up
next this, that and the other thing, whatever else. I'm gary.
(31:43):
This is the one only at Vester's.
Speaker 4 (31:44):
Edge you're listening to. What are you waiting for one
(32:19):
to ready go?
Speaker 6 (32:25):
We can't recalled Bob.
Speaker 2 (32:40):
DoD No no, so Uh the main question I got today,
I guess there's a lot of talk about bubbles and popping. Well,
(33:04):
we already know that the no sales or very low
sales those bubbles have popped, uh for good. You never know,
you never know. We try not to predict the actual
timing on these things, for those because they're insane. All
(33:27):
we told you weeks and weeks ago is eventually what
would happen? And they crashed a bunch of them. I
can tell you they bounced a little today. But to
give you an example, Oklo closed at ninety six today.
It was one ninety three, one two three four less
(33:48):
than five weeks ago. And that's kind of a good one.
What is that down about forty five percent. Yeah, so
be careful. We don't know exactly how those play out,
(34:10):
but leave no doubt there's forty to seventy percent drops
in these names. Here's a fifty five or LAC ten
and a half down to five. What was that about fifteen?
It's in the fifties and those Rare Earth things, I mean,
(34:34):
holy crap. And then you have how about BMNR that's
gone from one sixty one to thirty two, and by
the way, is down from sixty five dollars in early October,
(34:57):
So that's down fifty percent just from early October, but
went to one sixty one back in June. Well, if
I guess the start of then when they decided to
take the I guess it was a spack one of
those things. So I think a lot of that's popped.
(35:18):
Here's one USA Rare Earth, no sales, forty four to fifteen.
And by the way, when we say to you go
back where it came from. The stock traded between ten
and twenty for nine months before it went to forty
four bucks. It's back to fifteen and it's still a
(35:41):
one point two billion dollar market capped with no sales
and again, we're not ribbon on these companies. We're just
letting you know the markets. We're letting you know the markets.
How about thirty two down to eight something, Critical Metals
(36:03):
thirty two down to eight. But it was a buck
in May, another spack at ten bucks that went down
to a buck and change, and all of a sudden
they talk about lithium metals. They rallied at the thirty
two p fifteen it's eight. That sounds like about seventy
(36:25):
something percent. So those bubbles popped. But do I think
we've popped the whole AI thing? I think there is something. Well, look,
if a core weave goes from one eighty to seventy four,
you would think that's one eighty seven to seventy four,
(36:46):
I would suggest, And we can call it whatever you want,
bubble or not, doesn't matter. We're dealing with price here.
Let's just say I think something's up and will the
mothership is tomorrow after the close, and we'll get a
(37:06):
little bit more feel we may years from now. We
may look back because I'm questioning right now Oracle again,
let me repeat, and often mentioned they announced like numbers
(37:27):
like I couldn't believe. I went the three forty five
from two twenty. Right after a report it's back to
two twenty. So we're gonna look back and say, oh
that I don't know. I just want to deal in
(37:47):
real time, and all I can tell you in real time,
there's some holy crap moves in some names you would
not expect. I expect that from some of that, no
sales and money lose, So stay tuned. It's been wicked.
(38:15):
We've been mostly etf bound the last few weeks, and
it's still been a pain in the you know what.
Stocks the moves up down, up down amazing and right
now a little bit on the well a decently amount
(38:37):
on the Dow on the downside. Other things. We worry
the financials, but they bounced today, but go look at
MasterCard and Visa stock gives me pause, and of course
(38:57):
other financials we have mentioned. Always the optimist, but always
the realist. We're keeping watch in what we consider to
be a real pain in the rear end. I think
(39:20):
we mentioned tomorrow Adam will be doing the show we
will be hosting. I think it's the twenty third or
twenty fourth Boys and Girls Clubs of Central Florida. Caullbaum
family Thanksgiving dinner. We'll be serving three hundred great youth
from the clubs a Thanksgiving dinner. It has been our
(39:42):
honor and by the way, we did come up with
the idea. Also well, pat myself on the back. And
as we say during the holidays, by the way, I'm
losing my voice. If able think about doing I think
for somebody you need absolutely nothing from I promise you
(40:07):
you'll feel good about it. Have a great evening, drive carefully.
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.
Stay well, be well, have a good night.
Speaker 4 (40:21):
All bye boy.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Caultbom on biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's Garykay 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 (00:11):
And wek once again to Investor's Edge. I'm Gary kolbamb
your host day. Thanks for being with us today. Glad
you're here, ladies and gentlemen, Happy that you are listening.
November eighteenth, Tuesday, twenty twenty five. Hope you're having a
good day. As always, serious talk on everything that affects you.
Will do the markets, the economy, your job, your industry,
(00:34):
everything that affects it. Out of the morlocks in DC,
no really and of course the debt and the deficits
and the scams and shams and corruption and the bs
and the obfuscations. Big word from Gary and whatever else
comes to mind. If you do not get this radio
show in your city, will post it at Gary k
dot com. Wellos posted on a Twitter feed which is
(00:56):
now X and if you don't, I should just say X.
And if you don't follow us on X, you should well.
Us posted on the YouTube channel biz tv as well
as other podcast apps. And if you'd like to email me,
just be nice. So, ladies and gentlemen, the dow was
down five hundred, the S and P fifty five NASDAK
two seventy five, Nasdaq one hundred two ninety six. Let
(01:20):
me repeat that Dow was down five hundred four ninety
eight and a half. S and P was down fifty
five NASDAK two seventy five, NASDAQ one hundred two ninety six.
Advanced declines were positive today on the New York and
even on the Nasdaq. What how can that be? Well,
(01:49):
you had a little bit of the opposite day to day.
So let me explain for all that need to know,
which is everybody. Technology has not one hundred percent, but
has taken over the big indicies in a big way.
(02:11):
They are a huge portion of the big in disease.
And if they have a bad day, but the rest
of the market have a good day, market's still going
(02:31):
down because of how big they are. We've had days
listen carefully with a Dow was up five hundred and
I came on this show and said the broad market
(02:53):
was terrible. Let's use the S and P. And that's
because the S and PS. So much of the tech
today was a brutal big tech day, while other areas
of the market were green for example, Microsoft down fourteen today,
(03:20):
Costco down seventeen, and yes there is a high price,
but those are some pretty good numbers. Tesla down seven
and change, Amazon down ten and change Semiconductors down one
fifty four, so Micron down thirteen, Sandus down twenty, AMD
down ten, ASML sixteen, KLAC down ten, big portions. And
(03:48):
of course, and then there's earning season, earning season, earning season.
Home Depot down twenty one, down twenty one today on
(04:11):
a worsening outlook, down twenty one today on this is
home Depot In case you don't know, they do about
one hundred and sixty billion of revenues. And of course
if Home Depot goes SODA's lows. But what was up today?
(04:35):
Food and beverage and tobacco insurance. They bounced the withering financials.
You had a couple of restaurants up, believe it or not.
Some lesser tech was up today, some were down. But
it just shows the amazing concentration in the few that
(05:01):
make up so much of those big indicies. You ready
for this one. The Russell two thousand was up today.
The small caps, the mid caps were up today. With
the Dow down four ninety eight, and the S and
P down fifty five, and the NASDAK two seventy five
and the NASDAQ one hundred down two ninety six. Unbelievable.
(05:22):
And I must tell you the companies or whoever they are,
that keep these indices and and the DOO need to
fix this up. When I tell you that Goldman Sachs
is one of the thirty Dow names, and so is Verizon,
(05:48):
but a one percent move in Goldman Sachs is twenty
times more important to the DOO index than Verizon. Something
gotta go, Something gotta change. The problem is I don't
know how to change it when companies are loath to
(06:09):
really split stocks anymore. I mean, hell, we got booking
holdings at forty eight hundred bucks, KLAC at eleven hundred.
Netflix just did a ten for one. By the way,
I was watching Netflix, say I'm thinking that that's not
up much, but he just did a ten for one yesterday.
It was up three dollars and eighty cents today that's
(06:30):
thirty eight bucks. So just letting you know the makeup
of the markets, you could have a good broad market
day and still have a nasty technology day. And by
the way, in the Dow. Amazon was sixty five dow points,
(06:51):
Microsoft was eighty five, and Video was thirty and of
course Home Depot twenty one points, one hundred and forty
five down points approximately. I'm rounding around. So again, my
(07:16):
middle screen today was green except for the semis which
is on the right side of the screen. But the
indices down five hundred, two seventy five and two ninety six, NASDAK,
NAZDAK one hundred and SMP fifty five amazing makeup, and
(07:41):
I have to adjust based on that myself. I have
to recognize that twenty stocks in the S and P
could get trashed in four hundred and eighty, be flatter
up and have a down day. And of course the
Nasdaq one hundred and you know the names and video
(08:05):
reports after the clothes tomorrow. I have absolutely no clue
what they report. I'm sure they're gonna beat. I'm sure
he's gonna say good things. I'll give it that that
I'll give. But what I'd like to do today is
I just put together some things. And we have been
(08:29):
warning you a little bit on what's been going on
with debt and these artificial intelligence stocks, to where we
ask the question, how does Oracle announce a monstrous number
and the stock goes from three hundred and forty five
to two hundred and twenty. Well, all I keep reading
(08:51):
about is the debt a core Weave one hundred and
eighty five bucks down to seven, and many a pundit
love the stock. And I saw somebody talking bullish today
on it, and I'm like, aren't you down like sixty percent?
(09:17):
So let me read a few things to you. There's
a company called Anthropic. They just say the committed to
buying thirty billion dollars of Azure Microsoft compute capacity. Microsoft
is going to invest five billion in Entropic, and Nvidia
(09:40):
committing to invest ten billion in Anthropic. Hmmm. We've been
talking about this circular financing, vendor financing, and I'm just
reading this and I'm like, wait a minute, here, one's
(10:01):
buying into the other. Who's gonna buy into each other?
That's just one. That's just one. That's just one. Next up,
core Weave has bonds, a lot of debt being put out.
(10:25):
They're now triple c's and it just dropped from one
oh five to ninety fived in two thousand and thirty.
Up next, we'll keep going with this not to scare you.
We're just reporting the news. I'm Gary. This is the
one only Investor's Edge. Hi.
Speaker 3 (11:02):
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five to nine. Investment advisory services offer through Call Capital Management.
Speaker 1 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 4 (12:09):
You're listening to Okay, Investor's Edge.
Speaker 5 (12:15):
The last bastion of quality programming.
Speaker 4 (12:18):
With Gary called Bomb. It doesn't get better than this.
Speaker 2 (12:26):
So I didn't even know this. But core Weave had
to pay nine and a quarter percent the float bonds
do two thousand and thirty and typically short, short term
bonds should not get trashed. And they're getting hit. And
I don't know if I use the word trashed, uh,
but they're getting hit. Let me continue. Core Weave spending
(12:56):
three hundred and ten million dollars on interest events against
fifty two million in operating income, borrowing money to pay
interest on previous loans. The problem. Microsoft accounts for sixty
(13:18):
seven percent of revenue, but is now building its own
AI chips and data centers. Open AI as twenty two
billion dollar contract with core Weave, but can terminate if
not delivered. Meta signed a fourteen billion dollar contract but
(13:44):
sold thirty billion in bonds to build its own facilities.
All three major customers could become competitors, and Vidia's Corewave's
investor customer, and Venus owning four billion in shares. The
(14:11):
company is building data centers for customers who are simultaneously
building their own facilities to compete with them. And I
keep getting asked, why do you think the stock's getting
hit again. We're just reporting the news, that's all. That's all.
(14:39):
Let's skip around. M nah, let's not skip around. We'll
get back to other things. Oracle, the betting on insurance
(15:03):
to cover issues, the insurance to buy is going higher
in price. This is just the market, just reporting the market,
and we're not picking on It's the market. It is
(15:33):
being reported, and this is a true report. Data centers
are standing empty demand. We worry about bubbles. There's a
(15:58):
startup called Thinking Machine means Thinking Machines Lab. They're in
early talks to raise another round of funding to go
public at a fifty billion dollar valuation, more than four
times from a few months ago. They have no product,
(16:22):
no customers, and no revenues. I'm just reporting the news,
and we're reporting it because Man, a lot of this,
a lot of this just reminds. We're also hearing that
(16:48):
the New York Fed has convened a meeting with banks
about worries about strains in money markets. Now, remember this
(17:10):
is all going on while the market's been withering a
lot of these names. Again, the broad market had a
decent day to day, but the broad market's just bouncing.
I can tell you, hey, some restaurants are up today,
(17:31):
but they've been bludgeoned. So just letting you know. We're
just trying to put the pieces of the puzzle together
on why very popular stocks are getting smoked now. To
be fair, Micron and sand Disc and Seagate and Western
(17:56):
Digital of all that good move up, they're pulling back
right now, but they they've been strong. I'm talking about
the names that had to go from my front screen
to my left screen. I'm talking about what the hell's
going on with Oracle? No, really, how could that be
(18:18):
based on their numbers? So we're just no matter what
anything's trading below, we're not touching. We're avoiding. We believe
in leadership up trends, but there's a lot of downtrends
in these areas right now, and we read everything with skepticism.
(18:48):
We read everything with skepticism. We trust nothing that anybody writes.
But when we look at these stocks on top of
what's being written, you take a pause and we'll see
(19:16):
how it plays out. At the very least, we know
what to avoid in a very very tricky market. Over
the last weeks one of the trickiest I've seen in
(19:38):
a very long time. Always optimistic, but more realistic. And
we'll have been Vidiamar after the close. That's the head
of the table. They will not say anything untoward. They
(20:03):
will talk a big game. We'll be watching what the
big institutions do, will be particularly well. I know what
they're gonna say. They're gonna talk big. Very interested to
see what the semiconductor equipment stocks do, not just what
(20:27):
they say. We know what they're gonna say. That's the
story up next, more on the markets, whatever else comes
to mind. I'm Gary, this is the one only investor's edge.
Speaker 6 (20:47):
Yeah, you're listening to America is talking fallowing investor's edge.
Speaker 4 (21:16):
He's gotta be with the crowd.
Speaker 6 (21:18):
Is just on his feet here.
Speaker 5 (21:20):
Said on a boy with Gary called Bob's highly recommended.
You're gonna feel better if you talk to him.
Speaker 2 (21:40):
And well, once again to Investor's Edge. I don't know
if this is making fun of myself. So last night
I caught a little bug. You know, when you're in
New York at twenty five thirty degrees, little rain on.
(22:02):
You get back to Florida and it's seventy degrees. You
catch these, and you're on airplanes back and forth. You
catch a little bug. So like at three in the morning,
Winston rolls over on me and wakes me up, and
I'm like, can't breathe. Well, I took some Nike Will,
(22:23):
do you know? I was like wasted all day to
day from taking Nike Will at three p at three
am in the morning, I had no idea it says
Nike Will for night. Holy crap. I was wasted. And
(22:45):
I'm told I don't do drugs. I don't drink ever.
What I have this year and drinking, I think I'm
beating last year. Last year I had five drinks. This year,
I've only had three. I think, yeah, I think I've
had three this year, So I guess my tolerance. I
(23:05):
don't know what's in it. I was like wasted. I
was walking around like a mummy. I'm all good Now
that's it for the Nike Will. Holy smokes. And I
mentioned it to the peeps and they were like, yeah,
Nike Will, Nike Will. All right. Now that I made
(23:29):
fun of myself, I think I'm not going to talk
to President today. I'm not gonna say much good He
met with the head of Saudi Arabia, and you can
go read about it. Some of the things I wish
(23:53):
I had his ear, I really do, but he wouldn't
listen anyhow, I could really help him out big time.
A couple other things. I have a little worry in
case you don't know, Fannie May. You know Fannie May
(24:16):
is just eliminated. It's six hundred and twenty FIICO score minimum,
I guess for certain type of homeownership. So it's guaranteeing
riskier mortgages to borrowers with not so good credit. And
of course this came down from the administration to make
(24:39):
housing more affordable. But this is utter stupidity, utter stupidity.
You know what happened in eight anybody that could breathe
could get a mortgage. I told you about somebody I
(25:01):
knew near and dear to me, had ten grand in
the bank, wasn't making a lot of money, got a
two hundred and eighty thousand dollars mortgage with nothing down
on a house that the loan was only two point fifty,
and pocketed thirty grand. They were just giving away the store.
(25:29):
We do not want to lower standards in an elevated
price for home's situation. Simple logic. If you don't have
great credit, you don't have a lot of money, and
you buy a home and prices of the home comes down,
(25:52):
and you know it, you're going to drop the keys
off and it's going to lead to a vicious cycle,
just like the stupidity of the fifty year mortgage, which,
by the way, that's dropped out of sight. And we
told you it would the best idea to give this
(26:12):
administration on affordability of homes. Do nothing. The market will
fix it over time and fixed the mistakes of j. Powell,
the worst Federal Reserve person ever times ten, and he
(26:34):
came after Janet Yelling and Ben Bernanke. Do nothing. If
they can't afford a house, you're not buying it, you're
renting fantasy. Prices are coming down. Let him come down,
(26:59):
and we'll point of equilibrium eventually, maybe in two years,
maybe in a year, maybe in five, don't care. Let
the market be. Of course, they will not listen to me.
They will not listen to me. All this talk now
(27:19):
on healthcare. Just remember the name of the Obamacare is
the Affordable Care Act. The Marxist Party and Obama promised
it would make healthcare affordable. They told us our premiums
would come down. You have Jonathan Gruber on video, one
(27:42):
of the architects said they had to lie to the public,
and they could lie because we're stupid. But now they
claim we have a healthcare crisis due to soaring costs.
Those are the same Marxists. So why would more government
(28:03):
help if government's the cause of the problem. It won't
just letting you know. Remember we're the most logical people
on earth here. Affordable Care Act my ours. Just remember
(28:25):
they're now telling you there's a healthcare crisis. The same
people who told you the Affordable Care Act will cure
it all is now telling us there's a healthcare crisis
their act. We give credit to the President on this
(28:48):
for not giving in on the government shutdown, on what
they want to do with more of our tax dollars
than this boondoggle. See, we're equal waiting here. Not happy
with the President today and how we hand a little
a bunch of things, but we like what they did
(29:10):
holding out. Just want you to remember all this why
I got news for you. There is a decent shot
they're going to have the House. The Marxist Party come
twenty eight. That means they get all the committees. The
(29:32):
good news is they won't get a lot done, but
they'll have a lot more power. And as much as
we are not thrilled with the tariffs and other things
going on right now, economically the Marxists are nightmarish, including
(29:53):
this guy that's going to be the mayor of New
York City, including that guy. So just a little this
and that for you today, ladies and gentlemen, on a
day where my middle screen is all green. While the
(30:14):
dow dropped five hundred points NASDAK two seventy five NASDAK
onto two nine six, and by the way the market
attempted to rally, it was much worse. It was much better.
The NASDAC at its load today was actually down four
(30:36):
to seventy five, but at around two point forty was
twenty two six thirty nine, was only down like seventy
and then fell off into the clothes. The dow was
trying also. The dow was forty six three sixty seven
(30:59):
in the last hour, dropped two hundred and seventy points
late to be down five hundred, was down most of
the day, and of course home depots certainly not helping.
And for that, we will be visiting five home depots
(31:22):
this weekend. There's about five within forty five minutes where
we live, just to get a feel Actually, I'm gonna
go visit one tonight just to get a feel up
next this, that and the other thing, whatever else. I'm gary.
(31:43):
This is the one only at Vester's.
Speaker 4 (31:44):
Edge you're listening to. What are you waiting for one
(32:19):
to ready go?
Speaker 6 (32:25):
We can't recalled Bob.
Speaker 2 (32:40):
DoD No no, so Uh the main question I got today,
I guess there's a lot of talk about bubbles and popping. Well,
(33:04):
we already know that the no sales or very low
sales those bubbles have popped, uh for good. You never know,
you never know. We try not to predict the actual
timing on these things, for those because they're insane. All
(33:27):
we told you weeks and weeks ago is eventually what
would happen? And they crashed a bunch of them. I
can tell you they bounced a little today. But to
give you an example, Oklo closed at ninety six today.
It was one ninety three, one two three four less
(33:48):
than five weeks ago. And that's kind of a good one.
What is that down about forty five percent. Yeah, so
be careful. We don't know exactly how those play out,
(34:10):
but leave no doubt there's forty to seventy percent drops
in these names. Here's a fifty five or LAC ten
and a half down to five. What was that about fifteen?
It's in the fifties and those Rare Earth things, I mean,
(34:34):
holy crap. And then you have how about BMNR that's
gone from one sixty one to thirty two, and by
the way, is down from sixty five dollars in early October,
(34:57):
So that's down fifty percent just from early October, but
went to one sixty one back in June. Well, if
I guess the start of then when they decided to
take the I guess it was a spack one of
those things. So I think a lot of that's popped.
(35:18):
Here's one USA Rare Earth, no sales, forty four to fifteen.
And by the way, when we say to you go
back where it came from. The stock traded between ten
and twenty for nine months before it went to forty
four bucks. It's back to fifteen and it's still a
(35:41):
one point two billion dollar market capped with no sales
and again, we're not ribbon on these companies. We're just
letting you know the markets. We're letting you know the markets.
How about thirty two down to eight something, Critical Metals
(36:03):
thirty two down to eight. But it was a buck
in May, another spack at ten bucks that went down
to a buck and change, and all of a sudden
they talk about lithium metals. They rallied at the thirty
two p fifteen it's eight. That sounds like about seventy
(36:25):
something percent. So those bubbles popped. But do I think
we've popped the whole AI thing? I think there is something. Well, look,
if a core weave goes from one eighty to seventy four,
you would think that's one eighty seven to seventy four,
(36:46):
I would suggest, And we can call it whatever you want,
bubble or not, doesn't matter. We're dealing with price here.
Let's just say I think something's up and will the
mothership is tomorrow after the close, and we'll get a
(37:06):
little bit more feel we may years from now. We
may look back because I'm questioning right now Oracle again,
let me repeat, and often mentioned they announced like numbers
(37:27):
like I couldn't believe. I went the three forty five
from two twenty. Right after a report it's back to
two twenty. So we're gonna look back and say, oh
that I don't know. I just want to deal in
(37:47):
real time, and all I can tell you in real time,
there's some holy crap moves in some names you would
not expect. I expect that from some of that, no
sales and money lose, So stay tuned. It's been wicked.
(38:15):
We've been mostly etf bound the last few weeks, and
it's still been a pain in the you know what.
Stocks the moves up down, up down amazing and right
now a little bit on the well a decently amount
(38:37):
on the Dow on the downside. Other things. We worry
the financials, but they bounced today, but go look at
MasterCard and Visa stock gives me pause, and of course
(38:57):
other financials we have mentioned. Always the optimist, but always
the realist. We're keeping watch in what we consider to
be a real pain in the rear end. I think
(39:20):
we mentioned tomorrow Adam will be doing the show we
will be hosting. I think it's the twenty third or
twenty fourth Boys and Girls Clubs of Central Florida. Caullbaum
family Thanksgiving dinner. We'll be serving three hundred great youth
from the clubs a Thanksgiving dinner. It has been our
(39:42):
honor and by the way, we did come up with
the idea. Also well, pat myself on the back. And
as we say during the holidays, by the way, I'm
losing my voice. If able think about doing I think
for somebody you need absolutely nothing from I promise you
(40:07):
you'll feel good about it. Have a great evening, drive carefully.
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.
Stay well, be well, have a good night.
Speaker 4 (40:21):
All bye boy.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Caultbom on biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's Garykay dot com.
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