August 15, 2025 • 36 mins
Wall Street heads into the weekend near record highs—thanks to a big bet from Warren Buffett, Fed-rate cut hopes, and big swings in healthcare and chips. We’ve got everything from retail data to tariff news and who’s leading—and lagging—the charge, today on the Jon Sanchez Show at 3pm.
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Episode Transcript
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Speaker 1 (00:05):
Good Friday afternoon to you. Welcome to the John Sanchez
Show on Newstalk seven eighty k which pleasure to be
with you, pleasure to be with my co host, Jason Gun.
Happy Friday, Jay, Happy Friday to you.
Speaker 2 (00:14):
How's it going?
Speaker 1 (00:16):
You know? Just lovely. Life is beautiful. Life is beautiful,
absolutely to hear you. Bet you. You know we could
be Trump and Putin right now? Can you did you
watch any of the uh uh you know, Air Force
one landing and then it sat on the tarmac for
a long time and then Trump gets off and then
here comes Putin and him and Putin get in the beast,
(00:38):
that meaning the big limo and just sit there and
you know, chat and hug. And they didn't hug. They
came close to hugging on the tarmac. But did you
watch any of that?
Speaker 2 (00:47):
I did not know. I tend to stay clear of that.
Speaker 1 (00:50):
Sort of Well, the reason I'm bringing it up, it's like,
how do you I couldn't do it. How how do
you sit there and put on a smile? I guess
that's you're a politician, right, put on a smile and
shake hands with one of the biggest criminals in the
entire world. Yeah, yeah, I don't know, no, none, no.
(01:13):
Put And I knew you're gonna say that, Oh okay, yeah,
one of the biggest criminals in the entire world, responsible
for killing you know, who knows, maybe in the millions
over his twenty five year career, unnecessarily. And you just
sit there and shake hands with him, and they look
like they're just best friends. And then you know, then
they go inside and I supposely they're still in their meeting,
(01:33):
but nothing really is coming out of it, at least
at this point according to the press. But I just
I look at that, I'm like, I couldn't do that.
I just I couldn't do that.
Speaker 2 (01:42):
I mean, you'd have to be I guarantee you.
Speaker 3 (01:46):
Putin has pictures, right like if Trump has ever done
anything nefarious in the past, if anyone has it, Putin does, right.
Speaker 2 (01:56):
So I always whenever I see.
Speaker 3 (01:58):
Them, you know, you know me, I'm kind of an
EQ guy, like to watch like eyes and reactions and
he and the two of them that little dance and
how you know there's there's something going on there, right Oh,
they they've done, you know whatever things that I don't know,
maybe leaders do and who knows but I just think
the whole situation goes two is awkward anyway, and this
(02:22):
just adds more fun to it with now Trump being
a tough guy and we'll get you, you know, whereas
they were fairly friendly prior, you know, so.
Speaker 1 (02:28):
It is just a little bit of change. Well, they
look like they're best friends. Like I said, I don't
know if it's just for the cameras, but but what
you didn't miss an interview, or what you did miss
and what interview if you didn't see this, you're gonna
love this. Go you know, find it on YouTube or something.
This evening, as they were walking down the red carpet,
right and they're side by side after they said all
their hugs and everything, and they're walking towards the beast,
(02:51):
and all of a sudden, Putin looks like he's scared
to death. He looks up and here comes the B
two bomber with a bunch of F eighteenans off you know,
along the side of it and trailing it. And it
looked like he literally looked like he was ducking for cover.
He like, you know, puts his shoulders up and kind
of like looks up and then puts a smile on
his face and starts, you know, shaking his head like
(03:14):
huh okay. You know, so I thought that was I
thought that was oh yeah, of course it was on purpose.
I thought that was pretty good to say, Hey, just
so you know, buddy, this is what we have. You know,
we have these, and and there was a bunch of
F eighteens, you know, parked on the tarmac with their
engines all covered. Then you know we have these, and
you know they're all ready to go. You know, as
you see we have this really really big Air Force
(03:35):
base right here and in uh In, Alaska, and you
know we're not that far from you, you know. To
be honest with you, so.
Speaker 2 (03:42):
Have you ever been around a B two? Have you
ever heard them fly by?
Speaker 1 (03:47):
I don't think that I have.
Speaker 2 (03:49):
You don't get it. You do not hear it until
they go by.
Speaker 3 (03:52):
It's one time I was we were in upstate New
York coming back from my wife's parents' house. We were
driving right through skin Act on Ge and there was
an air show and it was the craziest thing.
Speaker 2 (04:04):
We're just driving.
Speaker 3 (04:05):
Home, you know, Sarah and the boys, and I look
up and I kid you not, there was a B
two bomber so close to us.
Speaker 2 (04:12):
I could see the pilot inside all year.
Speaker 3 (04:16):
He was just as just almost being a smart Alec
doing a flyover on the highway turning and you couldn't.
Speaker 2 (04:22):
Hear it, and then you could hear it as he turned.
It was the craziest. It was like the most surreal thing.
Speaker 1 (04:29):
Oh it is, it is. It is. Yep, the ones
that get me and when they fly over like at
the college football games and stuff, yeah, NASCAR or something,
you know. Yeah, they're just one of the most remarkable,
remarkable machines. I mean when that's very similar to that
that I did grow up, you know, around a lot
growing up in Lancaster was the SR seventy one, which
of course still flies the black the Blackbird and that,
(04:50):
and of course my dad's a B one bomber, so yeah,
it was around those. But yeah, the B two is
just amazing. Oh that you just sit back and the
amount of knowledge and years of testing and everything to
create all of that technology. You know, God bless the
men and women that do that. And you know, my
dad was one of those. And it's like to have
(05:11):
I mean that BE two is getting old now, you know,
and it's still not old as far as technology or capabilities,
but you know, you know my love for fighter jests.
I could talk the entire show with a book. That's
not what we're here for, all right. What we are
here for is this, you know, Wall Street headed. It
has headed now now that we're you know, the got
the day done on a trading basis, We're heading into
the weekend near record high. As a matter of fact,
(05:33):
today intra day we hit an all time high finally
on my dad Jones Industrial Leverage Jason forty five thousand
and two oh three. We close it forty four nine
forty six, So we touched it. We touched it. That's all.
We had to thank you Hathaway for, say the very least,
and we will talk about that because yeah, that was
(05:53):
a huge move in Berkshire, Hathaway, one of the biggest
moves I think in one day going back five years
is the latest stat So yes, thanks to a big
bet from Warren Buffett's Berkshire Hathaway. Again, we'll tell you
what he did to make you an h move. We
of course have the Federate Hope cuts that have diminished,
you know, day after day this week, but still very
(06:14):
solid healthcare and chip stocks coming down a little bit today. Tired, tired,
very tired, yep. And then of course we were in
a dated with economic data. Today we had retail sales
data which was pretty good, you know, tariff news of course,
all this. So we're of course on a Friday. So
(06:34):
what we're going to do is we're gonna put all
these pieces of the of the economy and the market
together form a big picture, and then by the time
this show is open, kind of give you a clear
picture as to where things are going, what's going on
right now, what is the street telling us, what's the
market telling us. That's what we do each and every Friday,
So we love Friday shows. We can talk about anything.
We're going to be bopping around to a lot of
different topics and get down to it. But first let's
set the table. Jason, speaking of tables, can recap what
(06:57):
happened today.
Speaker 3 (06:58):
Yeah, I move retail sales, like you mentioned, was probably
the item that had the most eyes on it.
Speaker 2 (07:03):
It was good enough.
Speaker 3 (07:04):
It wasn't a crazy inflationary knock the cover off the
ball number. It came in up five tenths, pretty much
in line prior was revised to touch higher also, so
it doesn't show a massive deceleration in consumer spending or
the consumer is not yet dead. Even X autos came
in in line up three tenths, So I think the
(07:27):
takeaway overall that even including any inflation headwinds, consumers are around.
They're still out spending. There's no real fears import export prices,
nothing real crazy. There maybe a little touch higher on
the import side. Industrial production was inline, you know, prior
was revised up a touch. So nothing really earth shattering
(07:47):
from news today, so that you know, tariff anks that
people thought would set in, I know obviously a lot
of it was backed off or delayed for ninety days.
But the US consumer has not slow demonstrably talked about
rate cuts. You've seen more, you know, at least some
thoughts that you'll be seeing even three rate cuts this year.
(08:10):
Austin Gooles be a I think he's a non or
he is a voting member. Yeah, and he you know,
said that his inflation reads have been mixed. We've seen
both sides of the pendulum, some saying, you know, we
should be cutting fifty bases points and some saying they'd
probably still be on hold. But odds are we see
cuts even as soon as September.
Speaker 2 (08:28):
The market see feels tired. It just does feel tired.
Speaker 3 (08:31):
And that's that's what we're dealing with now, is you know,
the likes of the Oracles and Cisco's and am At
down fourteen percent and Vidio down a percent today. You
need a lot of catalyst when you're at all time highs,
just like the SMP bumping up against it to push
you higher. So you know, it just feels like it
wants to take a breather, and and the whole week
(08:52):
has felt that way, even though we were higher on
the week.
Speaker 1 (08:56):
Well, let's go back to the universe of Michigan consumer
centiment or this was you were saying the consumers holding
in there. Remember up until about four months ago, this
number was lousy, right, and they kept affecting the market,
the consumers. That's when, of course, all the terrofts were
announced and consumers were very, very concerned about this one.
Then we go through about four months of hey, you know,
(09:17):
consumers doing okay. Well, then we get today's number, which
is August's preliminary numbers. So we'll get the final one
in a couple of weeks. But jee, I didn't like
this number. You know, we had a reading of sixty
one point seven back in July, and today's number comes
in at fifty eight point six. Now, again it's preliminary,
but you know this marked the first downturn in this number,
(09:38):
like I said, in four months. And of course what
does this mean? Well, what is the consumer concerned about?
This is a survey. They asked him a lot of questions.
How do you feel about your job? What are you
going to be buying? How do you feel about inflation?
The markets? So on and so forth. So Wall Street
pays attention to this report and one of the one
of the key questions or key answers of the questions
where you know, consumers are worried about inflation and how
(09:59):
can you not be? How can you not be with
the way things are going? But but it's just terriff.
But it's just it's just tariff inflation. That's transitory. Remember
that's all we had, That's all it is just transitory.
Speaker 2 (10:09):
Went did you did you?
Speaker 1 (10:12):
Yeah?
Speaker 3 (10:14):
I mean, you know we're dealing with from a price
to book ratio standpoint, the S and P is back
as it back at its two thousand you know, highs, right,
the market itself isn't cheap S and P five hundred
and four. You know, twelve months earnings at twenty two
and a half times. It's not as high as it
was back in two thousand when we were at twenty
(10:34):
five times, but we're above twenty twenty at twenty three,
so the market right around twenty three. So the market
itself is in a spot that it is.
Speaker 2 (10:45):
You know, it is rich. It's not ugly rich, but
it's rich.
Speaker 3 (10:50):
Uh.
Speaker 2 (10:51):
You know, equity positioning is.
Speaker 3 (10:52):
Not as long as it was earlier this year, which
is a positive, right, So we've got that pick up exactly,
And that's what you've seen small caps. Whenever you see
small caps rip on just a regular day, it tends
to be more shortcovering usually than it is some big
new chase of some kind. You know, the bank stocks
worked one day and then they didn't work the rest.
So it is a fairly fickle level here. Interest rates
(11:17):
coming down I think will continue to help be a
upside catalyst for the market, but we're kind of running
out of easy days where the market just wants to
go higher, and now it may not start to look
for it needs a reason to go higher. Else you
may see some consolidation over the next month or two,
just seasonally, like we've talked about.
Speaker 1 (11:37):
And of course, you know, we're wrapping up earning season.
We're on the tail in not a number of definitely
all the technames and things are out and not a
lot of huge names left to report, fairly light on
the economic calendar for next week. So you know, this
is what you and I were chatting about. I believe
it was on Wednesday, that market. You know, remember, folks,
the market's like a human being. It needs something to
get excited. In other words, it needs a reason to
(11:58):
get out of bed every day and continue to go up.
And you know, today again we saw some rollover in
some of the semiconductor names and a few other areas
that are key to this market. And I love your term.
It's just it's just getting a little bit tired, which
you know what it deserves to get a little bit tired.
It deserves a little bit of a breather. I mean, listen, folks,
look where we are right now. NAZAK for the year.
(12:18):
Here we are August fifteenth. Nazak's already up twelve percent
year to date, SMP's up nine point seven, Dow five
point seven, Russell just coming around up a two point
five percent on a year today basis. So you know
you've had some pretty good gains on the Nasdaq and
the SMP already, and you know there's still ways to
go on the Dow on the Russell side of things.
But but yeah, a little bit of a pause would
(12:38):
not surprise us whatsoever, because again we've it's time to
consolidate a little bit. I want to touch on this
chip sector today because we know how important the chips
are to the market overall and kind of giving us
a direction in the NASAC. So let's tackle some chips
and not potato. How about semicitector When we come back,
I'll turn it over to know that. Oh now I'm thinking, wow,
(13:06):
I don't know how I can even transition. I'm thinking
of French onion dip right now, Jason, I mean, are
there are the rooms clear?
Speaker 2 (13:16):
Was that not offered enough?
Speaker 1 (13:18):
French not offered enough? Exactly how we doing in the
right now? Traffic center?
Speaker 4 (13:23):
My dear, that's the one exactly with the ruffles. You
took it right out of my mouth. That's exactly right.
You got it, You got it. None of that two
day old stuff.
Speaker 5 (13:34):
Oh my stomach is growing now, Holy bully.
Speaker 1 (13:49):
Welcome back to the John Sanchez Show on Newstalk seven
eighty K, which with Jason gone Happy Friday to all
of you all right. Turned out to be somewhat of
a lackluster day at least where the closing numbers were
a lot of activity intra day as always, but we
finished up thirty five on the dow to forty four thousand,
nine hundred and forty six, and once again we did
an all time high intra day at a level of
forty five two oh three. Now as I lost eighty
(14:10):
eight and sp that was a point four zero percent
SMP down nineteen points or point two zero percent. Quiet
on commodities. This is eerily quiet, Jay, it's really had
to do a double take. Oil down twelve cents to
sixty two seventy three, Gold down seventy cents. I mean,
when has that ever happened? Three thousand and three eighty
two fifty and then of course ever so important tenure
Treasury after all the market volatility with inflationary data this week,
(14:33):
CPIPPI for the week up four basis points for the
day at four basis points. So what does that tell you?
All the bond yell gains occurred today. Our closing level
was four point three three percent. All right, let's move
over to the to the chip side of things. We
all know, of course, we don't need to give you
an explanation how important semiconductors are to the overall market.
Definitely on the NASDAC side, et cetera, et cetera. Well,
(14:55):
today was interesting. You know, if the president didn't have
enough enough to think about that, he is going to
be landing in Alaska and meeting with the other world leader,
Vladimir Putin. He also decided to talk to the press
a little bit. He said the following, I'm gonna be
setting tariffs next week and the week after on steel
and on I would say chips, chips and semiconductors will
(15:18):
be setting sometime next week or week after. It's exactly
where his words on air force went. That wasn't clear
if Trump misspoke about steel tariffs. He already duties on
stealing illumined imports to fifty percent. But you know, I
don't know, maybe maybe he's thinking about another tariff just
out of the blue. I don't know, you know, I
(15:40):
was watching, Well why not? Why not? I mean, everything
needs to have a tariff, right, But you know I
was looking at New Core. It didn't come down, and
let me go to us steel, some bullocks. Nothing, uh,
you know nothing really X is gone, right, X is gone.
That's right now, just punched out.
Speaker 2 (15:58):
That's a creature.
Speaker 1 (16:00):
That is so what we gotta go npon.
Speaker 2 (16:02):
Double a alcola. You can watch in.
Speaker 1 (16:04):
CoA see that. Let's see they were down about six cents,
but Newcor was up seven dollars and fifteen cents, almost
five percent. So Street didn't act like he was serious
about that. Maybe again that was just a tongue slip
or something. But you know he remember, folks, he has
repeatedly promised to put levies on chips and pharmaceuticals in
(16:24):
the coming weeks, but again, no formal announcement has has
yet to be made. Now, both sectors, of course, have
been in the Commerce Department investigation going back to April,
a pre requisite for Trump to impose the tariffs on
national security grounds. That process can prove complicated and proves
can take months or longer to resolve. Now let's go
back to the chip side of things today. Now, this
(16:44):
was also the week. Remember it was in the beginning
of this week. It was what last week when Trump
went after the CEO of Intel, mister Towm, indicating that
he needs to go and so on so forth because
he has ties to the Chinese government. According to mister Trump,
Well this week he the CEO of Intel. Just great guy.
(17:05):
He shows up the White House. They spend some time together.
And I was gonna say, I have a cup of coffee.
But Trump doesn't drink coffee.
Speaker 2 (17:11):
He doesn't drink coffee.
Speaker 1 (17:13):
No, doesn't drink booze, doesn't drink coffee, doesn't smoke. Nope, nope, nope, nope, nope,
no fun. I don't know, I know, I don't know.
I don't know. Co Yes, coke, yes, not coke, not coke.
Let's say Coca coladjacent white the bubble cat, yes, yes, yes,
(17:38):
the red kN test. That's right. He doesn't drink the
diet stuff dairy Queen Sunday washed down by a nice,
ice cold Coca Cola. What doesn't that sound good? So
the other situation that that happened today that we're still
trying to get some information on back to Intel, is
the Trump administration announced early this morning that they are
(18:02):
considering taking a stake in Intel, i e. Becoming the
government an owner parsonal owner of Intel. Now, this one, Jason,
has created a significant amount of controversy. Now here's the
pros and the cons of this. Real quick pro of
it is, we know Intel has struggled for a long time.
(18:23):
Intel's received a lot of government money in different forms
to basically get their act together, and it still hasn't happened.
They're building some massive plants, they're running out of capital.
They brought in a new CEO. It's too early to
judge this gentleman I'm talking about that supposedly had Chinese dies.
But now Trump loves the guy, he said after they met.
And so now Trump is talking about the government, via
(18:44):
the US Wealth Fund that is out there, the Sovereign
Wealth Fund that evidently there's quite a bit of money
in there, would take a up to twenty percent stake
in Intel. Now the downside of that is and Intel today,
by the way, moved about two and a half percent
on the upside, up sixty one cents to twenty four
to forty seven. Now the downside of that is, many
(19:07):
people are criticizing the President's you know, I'll call it
an announcement. Nothing's formal yet, saying we'll wait a minute here.
Isn't this communism? Isn't this socialism? Or the government steps in,
takes a stake in a company and profits from it.
But the other side says, yeah, yeah, yeah, right, right
(19:27):
right exactly. The other side, which I'm on, says, well,
look at how many Wall Street banks have been bailed
out over the years through different economic calamities. Government steps in,
takes an ownership stake, the company pays them back by
it's not the first time this is benefit. Yeah, yeah, no,
not at all, not at all. So you know, it's
(19:48):
going to be interesting to watch Intel, you know, in
regards to if indeed that does happen, if the government
does become a shareholder of Intel, and then of course
you still have you know a lot of ongoing situations
with with Fannie May and some of those of course,
Fannie Mae and Freddie Mack or the government's talking about,
you know, basically turning them into a publicly traded company,
(20:09):
the government would buy some of the shares, et cetera.
Fanny made a day up two point one eight percent
sucks has kind of been slowly but surely edging up.
We've had some big days this week, closed that eleven
dollars and fourteen cents and putting a smile on Bill
Ackerman's face. Of course, because I'm a few other close
knit people to Washington have been invested in that for
a while hoping this was going to happen. So it's
(20:30):
gonna be interesting. And they found the comments you have
on the chip side, you know, very important to the market.
Speaker 2 (20:33):
Like I said, no, I know again.
Speaker 3 (20:35):
I think it's just like with the news we got
out of was it Asmaal today sml as far as
am Ad, I'm sorry, Amatt had the weaken that expected guidance.
Speaker 2 (20:45):
I just like I said, this whole sector is tired.
Speaker 3 (20:48):
They've done a lot of lifting, they've done a lot
of work, and you're starting to feel profit taking. It's
been going on for about two weeks. I feel like
under you know, things making lower highs each day, which
is very common where the leaders quietly start to underperform
and you don't really realize it because other areas are
doing better, but just keep an eye on it. Right,
(21:08):
those are our new leaders as chips and so as
chips start to weaken a bit, you know, it tends to,
you know, cause the market to wait, wait, wait a minute,
I can't believe this thing is down five seven eight
percent in the last week. And they start to trim
other areas too.
Speaker 1 (21:22):
So yep, exactly you. Last week, of course, we had
Tim Cook, CEO of Apple, at the White House, and
that's when Trump planned to and did announce one hundred
percent tariff on semiconductors, exempting the companies that are building
or will built here in the US. So this has
been thrown around and then today I just how another
quote he says, I'm going to have a rate that's
going to be two question mark, he said on chips
(21:46):
coming into the country for companies that are not building,
so that if that happens, if that happens, that will
be disastrous. Right, But you know the ones that are
building here, like then videos and hells and stuff, then
maybe they'll they'll be the shining stars. But God help
any of those companies out there that want important, they
(22:07):
just won't be able to survive. There's no way, no way.
All right, we'll continue our market discussion when we come
back to the start. Out to Jack sab and he's got news,
traffic and weather. Hey Jack, welcome back to the John
Sanchez Show on his Talk seven eighty k O. It's
with Jason Gunt. We finished up thirty five on the Dow,
last eighty eight on the Nasdaq, and a decline of
(22:28):
nineteen on the S and P five hundred. But hey,
it was a heck of a week. We gave you
the yearly numbers earlier in the show. Let's tell you
how we did for the week. For the week, the
Dow was up one point seven percent, mister Gaunt, I
think I want to I just want to say, huh.
Speaker 2 (22:42):
Did a win for the week?
Speaker 1 (22:44):
Yeah, that one for the week, big time kick kicked
your Nasdaq and S ANDPS. But matter of fact, S
and P up point nine for the week, So I
almost double JO and point eight one for the Nasdaq.
So there you go, buddy.
Speaker 3 (22:59):
Yeah, up a ticker for what's the ETF ticker for
the Dow d I A, oh, is that what it is?
Speaker 1 (23:07):
Yeah? That's a common one.
Speaker 2 (23:08):
I like that.
Speaker 1 (23:08):
Yeah. Yeah, and you know what you know? The s
P one is s P.
Speaker 2 (23:12):
Y yep, that's one. I v v v o O.
Speaker 3 (23:16):
There's lots of different ways to get exposure to the
S and P five hundred.
Speaker 1 (23:19):
Yes, yes there is, yes, there is, Yes, there is
no doubt about that.
Speaker 2 (23:23):
Felt good, it really dah.
Speaker 1 (23:26):
I'll tell you why in a few weeks, folks, I
promise why we're joking about this. I know it's not
making sense why I just raised my voice, but you'll
understand just uh, news coming across the newsbuyers. During that
last break at Trump and Putin have wrapped up their meeting.
Two and a half hours is how long they were together,
and the world is anxiously awaiting a press conference that
(23:46):
both of them will hold here at any moment.
Speaker 2 (23:48):
Now, all right, so imagine he's just like, we've given
Ukraine to Russia and Poland.
Speaker 3 (24:00):
We've also given Poland to Russia in exchange for I don't.
Speaker 1 (24:04):
Know, but yeah, and and uh, India, you no longer
can buy your oil from there North China. Ye, oh
my god, New World. I know you would have made
something if he brought up is what it was, his book,
The Art of the Deal. He brings out to the
Gamer and says point Stewart says, Ukraine, You're you're sorry,
(24:29):
You're done. Yeah, I know a lot of you speak Russian,
but you're fired. Yea Zelenski, you want to come to
work in the White House. We've got a great spot
for you.
Speaker 2 (24:36):
Promise in charge of fashion.
Speaker 1 (24:40):
I guess for the right right in charge of fashion.
You know what I was wondering. Since it's Friday, we
can talk about anything, okay, God willing, right, in all seriousness,
God willing, this thing comes to an end very soon
because against so many Ukrainian and Russian lives have been
unnecessarily lost. But you know what's going to happen with
all those Ukraine guys And I don't know if there's
(25:02):
any gals. I'm just gonna say, guys that are these
badass drone pilots. Now, do you ever follow the drones
that the that that Ukraine is building. They're gonna far
surpass Dji. I just I mark my word. If all
that crap is done over there and they become, you know,
kind of a get back to normal type of country,
they are going to kick the world's But when it
(25:22):
comes to drone manufacturing, they I saw one the other day, Jason.
I have never seen a drone and I'm talking to
little ones. This wasn't you know, the big ones like
the us this thing. What they said they clocked it
at three hundred and some odd miles an hour. I
mean it was it was so picture like a DJI
drone you know you can buy anywhere flying past you nearly.
I think it was like three hundred miles an hour.
Don't quote me exactly on that, but it was. It
(25:43):
was like just this dog few. I mean, those guys
know how to build drones, they know how to fly them.
So I'm thinking, hmmm, what are they gonna do as
far as you know, drone and they need to do
economic recovery. But I think I think drones are where
it's at for Ukraine.
Speaker 3 (25:57):
I really do, right, I mean that a whole area
is absolutely amazing. I mean just really miss and other
areas that AI makes sense right where you've got these
things all spatially talking to each other, like I mentioned
the you know, the fireworks show they do that are
just pure drones right to know where each of the
other one is with wind and it's I mean, it's
(26:18):
it's like hive mind. And that's the part that I
think is pretty impressive with that whole area. But yeah,
the drone pilots and I mean they're you know, they're
probably like fifteen year old kids, right, they hand them
a PS five controllers and you know, honestly, like i'd
be I mean, the amount of time that my children
(26:38):
spend in front of computer screens is horrifying testament to
my parenting.
Speaker 2 (26:43):
Thank you, but it's just right.
Speaker 3 (26:47):
Yeah, but they're really smart, smart right, oh, so smart,
they just don't talk to people. Well but no, it's
it's it's amazing how much how much teens are just
you know, hard, like to watch them play these games
and such. So yeah, translating to drones.
Speaker 1 (27:04):
Yeah, I get blown away watching my kids text. I'm like,
oh geez, there's yeah, yeah, you're it's a whole different
generation of dexterity that you know, I'll never have.
Speaker 3 (27:19):
I was talking with your oldest daughter and she was
giving me stuff about saying you know, GM instead of
good morning.
Speaker 2 (27:24):
She's like, don't do that. I'm sorry.
Speaker 3 (27:26):
It's just how I right, I'm a hipster, you know,
talking to they wouldn't understand what good.
Speaker 2 (27:32):
Morning even meant?
Speaker 1 (27:33):
You know, Yeah, what did I screw up on that?
It was b r B.
Speaker 2 (27:37):
That was great, No bt W no b r B
your like bathroom.
Speaker 1 (27:42):
Yeah, because Jason, I'll text him or something and you
go b r B and I'm like, man, this guy
goes the bathroom bathroom. Yeah, and I write thanks to
my daughter yesterday and it's like, be right back. Yeah, okay,
I was going to have you go in and get
a prostate exams. Exactly, yeah, exactly. Yeah.
Speaker 2 (28:01):
You have to drink a lot of water, you knowed.
Speaker 1 (28:06):
You and I both drink a lot of coffee, so
nice too much. Yeah, yeah, but we're yeah, okay, I'm
getting a hit thanks to you and the kids getting hit,
the kids of all all around me, all around all right.
Let's talk a little bit about warm Buffett, big news
that occurred after hours last night, and boy did a
carryover mister Buffett and his company Berkshire Hathaway said, hey,
(28:26):
you know what we think United Health, which of course
is a Dow component, very beat up stock, is a
great buy. So he takes down a few million chares
what was it like five million chares or something they
bought last quarter about one point six billion dollars. And
what happens today U and H just takes off like
a like a drone had thirty three dollars and fifty
(28:50):
one cent gain, including some after hours movement here three
hundred and five dollars a share twelve point three four.
You know what happened to the to the Department of
Justice investigation into the company for medicare fraud, you know,
on all the problems that they've pretty much have admitted to.
But Buffett, that's why he's Buffett. He sees through all
that and goes, hey, you know what, it's a great
(29:11):
value based on this, this and this, and boom that
stock just rallies just out of the boom. I mean,
you talk about a value play turned into a growth play, might.
Speaker 2 (29:18):
Get yeah, I mean it's back really the stock.
Speaker 3 (29:20):
Remember there's a gap from about three I don't know,
three sixty three seventy down to you know, the three
twenty five. So there's a decent gap in there that
could be filled eventually. But the stock's been in this
range for a while. I mean, it was a big
move today, but it's literally just back to where it
was in July, right and right. This is like the
worst kept secret. I mean a number of people I
(29:43):
saw on Twitter and whatever being like he's out buying
unh Honestly, I heard it like fifty times and when
I heard it today, I'm like, seriously, like everyone's that sage,
but it does. I mean, that's like we've talked about
a ton a ton of times, is you need to
be running towards the fire. We've got a couple of
clients who are buying this thing on weakness, you know,
(30:03):
and it's just over time that tends to be a
pretty beneficial plan. Is you know, find good companies that
are in some trouble that you think you could see
the other side of.
Speaker 2 (30:13):
And that's what they do.
Speaker 1 (30:14):
Yep. Yeah, stock sold down forty percent after today's big move,
so yeah, very interesting. All right, congratulations mister buff And
I was joking with the roster quick Jason, and I
said this morning when the stock was moving in the
pre market, I said, wouldn't it be so great to
have so much money and be so respected on Wall
Street that as soon as you made the announcement And again, folks,
what they did to be real accurate. They of course
(30:34):
they have to file with the SEC like everybody else,
and here's our positions, and then the news wires pick
it up. But wouldn't be so great to be so
powerful and so respected on Wall Street that nine times
out of ten, a stock is going to move up
just because you told the street you bought some. I
mean thirty four dollars gain. I can't imagine. I don't
even know where the stock was, you know, a month
or so ago, but when he was buying it at
(30:56):
the end of the third quarter. But I guarantee it
was less than where it is now. I'll give you this,
look at the chart of this thing. And so you
know how many millions, hundreds of millions did Burkesho make
today just on the news that he bought it. I mean,
that's that's power right there. That is power, definitely. All right,
all right, turn over at Christena Snow. I am still
hungry thanks to you. The French onion dip, the Lais
(31:21):
potato chips, the rough ol ones. I was joking with
Jack during the break, I'm like, how did she know that?
That is my favorite? You're amazing they do you can't
use regular potato chips. No, it has to be yeah, Oh,
dog gun rights, I am, yeah, dog gun rights, absolutely exactly.
See you there. Welcome back to the John Sanchez Show
(31:51):
on Newstalk seven eighty k w H with Jason goh All.
Speaker 2 (31:54):
Right.
Speaker 1 (31:54):
It is a quick reminder. Don't forget. We have all
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(32:15):
ready to help our clients out or help our radio
listeners out. Let's touch on that foot just a moment.
Speaker 2 (32:21):
Absolutely are Yeah.
Speaker 3 (32:22):
Sanchozgaune dot com is our website. You can see all
of our bios, see John's lovely picture pictures of the team.
We our phone number seven seventy five, eight hundred and
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Speaker 2 (32:33):
Give us a ring.
Speaker 3 (32:34):
We're here for all things finance, planning, tax questions, et cetera.
Please nothing's too small. We are very much atter all
the time. Yeah, a lot a lot of psychiatry. We
you know, often get calls from folks who saying, oh,
you know, I don't have that much money.
Speaker 2 (32:52):
I say this, We don't care.
Speaker 3 (32:54):
We're here to help all of you, especially our listeners,
so please don't hesitate to reach out a lot.
Speaker 2 (32:59):
Of earnings next week, at least some big guys we
get home you know.
Speaker 1 (33:03):
Ye yeah, retail week, right, and we for sure let's
go through. Let's go through some of those because we're
light on the economic side. We don't need to do that. No,
not right.
Speaker 3 (33:11):
Yeah, we get to on Tuesday, home Depot, Medtronic. Those
are going to be out before the open, after the close,
Toll Brothers. Be nice to see those, see how the
house housing spaces doing, especially on the higher end target lows.
On Wednesday morning, tjx S day Lauder, a little bit
of analog devices. And then on Thursday, we'll name you
(33:33):
might have heard of Walmart. They're going to be out
also before the open post to closed Ross stores into
it workday Bjays on Friday. So I think there's going
to be a fair amount of consumer focus next week,
as we got you know, the interesting numbers today that
didn't show a massive deceleration, but like I said, the
market feels a little tired. Maybe some of these folks
(33:56):
will give us hints on whether tariffs are or consumers
from the home side or tiring.
Speaker 1 (34:02):
Yeah, exactly, Well, speaking of you mentioned one of those names,
and I want to bring up target to wrap things
up a little bit of a rough day to day
down a buck sixteen one O three eight started right
out of the gate this morning. The stock got down
their the company got downgraded to a neutral rating over
a Bank of America put a price target of seventy
six bucks, which again we closed up one to oh
three O eights, moving a little bit in the after
(34:23):
hours here. But yeah, retails, and remember, folks as we
cover these next week with you, retail sales are very important.
Once again, it comes back to what we said about
the consumer confidence number today from University in Michigan, our
consumer sentiment. Wall Street looks at these retail numbers, how
are you spending? You know, you're out there taking your
hard earned money and going to your favorite retailer. If not,
there could be some choppingness in the market. So we
(34:45):
got to watch those very very closely. I always like
to do that on a retail week because again, most
of the major tech names are well behind us, so good.
Speaker 3 (34:55):
Maybe we'd Nvidia next, not this week, but next. So
that's the last rule. Take canary to stare.
Speaker 1 (35:01):
At YEP, absolutely all right, Trump and Putin have just
begun their news conference. I'm going to get off here.
Go listen to that. See if anything can move the
market on Monday. Jason, have a great weekend, Budy, God Boss,
all of you. Thanks for joining us. We'll see how
Monday on the John Sanchez Show. This dook seven eighty
k each. This program was sponsored by Sanchez Gaunt Capital
Management LLC. The material in this program was intended as
(35:23):
general information only and should not be taken as specific, investment, tax,
or legal advice. None of the information on this broadcast
was intended to be a solicitation for the purchase or
sale of any security. Further information is available by contacting
John at Sanchez Gaunt dot com or seven seven five
eight hundred and one eighth one. John Sanchez offers securities
(35:43):
and advisory services through Independent Financial Group LLC, a registered
broker Dealer and Investment Advisor member FINRA SIPC. Securities offered
only in States. John Sanchez is registered in Sanchez Gaunt
Capital Management LLC in Independent Financial Group LLC. See are
unaffiliated entities.
Good Friday afternoon to you. Welcome to the John Sanchez
Show on Newstalk seven eighty k which pleasure to be
with you, pleasure to be with my co host, Jason Gun.
Happy Friday, Jay, Happy Friday to you.
Speaker 2 (00:14):
How's it going?
Speaker 1 (00:16):
You know? Just lovely. Life is beautiful. Life is beautiful,
absolutely to hear you. Bet you. You know we could
be Trump and Putin right now? Can you did you
watch any of the uh uh you know, Air Force
one landing and then it sat on the tarmac for
a long time and then Trump gets off and then
here comes Putin and him and Putin get in the beast,
(00:38):
that meaning the big limo and just sit there and
you know, chat and hug. And they didn't hug. They
came close to hugging on the tarmac. But did you
watch any of that?
Speaker 2 (00:47):
I did not know. I tend to stay clear of that.
Speaker 1 (00:50):
Sort of Well, the reason I'm bringing it up, it's like,
how do you I couldn't do it. How how do
you sit there and put on a smile? I guess
that's you're a politician, right, put on a smile and
shake hands with one of the biggest criminals in the
entire world. Yeah, yeah, I don't know, no, none, no.
(01:13):
Put And I knew you're gonna say that, Oh okay, yeah,
one of the biggest criminals in the entire world, responsible
for killing you know, who knows, maybe in the millions
over his twenty five year career, unnecessarily. And you just
sit there and shake hands with him, and they look
like they're just best friends. And then you know, then
they go inside and I supposely they're still in their meeting,
(01:33):
but nothing really is coming out of it, at least
at this point according to the press. But I just
I look at that, I'm like, I couldn't do that.
I just I couldn't do that.
Speaker 2 (01:42):
I mean, you'd have to be I guarantee you.
Speaker 3 (01:46):
Putin has pictures, right like if Trump has ever done
anything nefarious in the past, if anyone has it, Putin does, right.
Speaker 2 (01:56):
So I always whenever I see.
Speaker 3 (01:58):
Them, you know, you know me, I'm kind of an
EQ guy, like to watch like eyes and reactions and
he and the two of them that little dance and
how you know there's there's something going on there, right Oh,
they they've done, you know whatever things that I don't know,
maybe leaders do and who knows but I just think
the whole situation goes two is awkward anyway, and this
(02:22):
just adds more fun to it with now Trump being
a tough guy and we'll get you, you know, whereas
they were fairly friendly prior, you know, so.
Speaker 1 (02:28):
It is just a little bit of change. Well, they
look like they're best friends. Like I said, I don't
know if it's just for the cameras, but but what
you didn't miss an interview, or what you did miss
and what interview if you didn't see this, you're gonna
love this. Go you know, find it on YouTube or something.
This evening, as they were walking down the red carpet,
right and they're side by side after they said all
their hugs and everything, and they're walking towards the beast,
(02:51):
and all of a sudden, Putin looks like he's scared
to death. He looks up and here comes the B
two bomber with a bunch of F eighteenans off you know,
along the side of it and trailing it. And it
looked like he literally looked like he was ducking for cover.
He like, you know, puts his shoulders up and kind
of like looks up and then puts a smile on
his face and starts, you know, shaking his head like
(03:14):
huh okay. You know, so I thought that was I
thought that was oh yeah, of course it was on purpose.
I thought that was pretty good to say, Hey, just
so you know, buddy, this is what we have. You know,
we have these, and and there was a bunch of
F eighteens, you know, parked on the tarmac with their
engines all covered. Then you know we have these, and
you know they're all ready to go. You know, as
you see we have this really really big Air Force
(03:35):
base right here and in uh In, Alaska, and you
know we're not that far from you, you know. To
be honest with you, so.
Speaker 2 (03:42):
Have you ever been around a B two? Have you
ever heard them fly by?
Speaker 1 (03:47):
I don't think that I have.
Speaker 2 (03:49):
You don't get it. You do not hear it until
they go by.
Speaker 3 (03:52):
It's one time I was we were in upstate New
York coming back from my wife's parents' house. We were
driving right through skin Act on Ge and there was
an air show and it was the craziest thing.
Speaker 2 (04:04):
We're just driving.
Speaker 3 (04:05):
Home, you know, Sarah and the boys, and I look
up and I kid you not, there was a B
two bomber so close to us.
Speaker 2 (04:12):
I could see the pilot inside all year.
Speaker 3 (04:16):
He was just as just almost being a smart Alec
doing a flyover on the highway turning and you couldn't.
Speaker 2 (04:22):
Hear it, and then you could hear it as he turned.
It was the craziest. It was like the most surreal thing.
Speaker 1 (04:29):
Oh it is, it is. It is. Yep, the ones
that get me and when they fly over like at
the college football games and stuff, yeah, NASCAR or something,
you know. Yeah, they're just one of the most remarkable,
remarkable machines. I mean when that's very similar to that
that I did grow up, you know, around a lot
growing up in Lancaster was the SR seventy one, which
of course still flies the black the Blackbird and that,
(04:50):
and of course my dad's a B one bomber, so yeah,
it was around those. But yeah, the B two is
just amazing. Oh that you just sit back and the
amount of knowledge and years of testing and everything to
create all of that technology. You know, God bless the
men and women that do that. And you know, my
dad was one of those. And it's like to have
(05:11):
I mean that BE two is getting old now, you know,
and it's still not old as far as technology or capabilities,
but you know, you know my love for fighter jests.
I could talk the entire show with a book. That's
not what we're here for, all right. What we are
here for is this, you know, Wall Street headed. It
has headed now now that we're you know, the got
the day done on a trading basis, We're heading into
the weekend near record high. As a matter of fact,
(05:33):
today intra day we hit an all time high finally
on my dad Jones Industrial Leverage Jason forty five thousand
and two oh three. We close it forty four nine
forty six, So we touched it. We touched it. That's all.
We had to thank you Hathaway for, say the very least,
and we will talk about that because yeah, that was
(05:53):
a huge move in Berkshire, Hathaway, one of the biggest
moves I think in one day going back five years
is the latest stat So yes, thanks to a big
bet from Warren Buffett's Berkshire Hathaway. Again, we'll tell you
what he did to make you an h move. We
of course have the Federate Hope cuts that have diminished,
you know, day after day this week, but still very
(06:14):
solid healthcare and chip stocks coming down a little bit today. Tired, tired,
very tired, yep. And then of course we were in
a dated with economic data. Today we had retail sales
data which was pretty good, you know, tariff news of course,
all this. So we're of course on a Friday. So
(06:34):
what we're going to do is we're gonna put all
these pieces of the of the economy and the market
together form a big picture, and then by the time
this show is open, kind of give you a clear
picture as to where things are going, what's going on
right now, what is the street telling us, what's the
market telling us. That's what we do each and every Friday,
So we love Friday shows. We can talk about anything.
We're going to be bopping around to a lot of
different topics and get down to it. But first let's
set the table. Jason, speaking of tables, can recap what
(06:57):
happened today.
Speaker 3 (06:58):
Yeah, I move retail sales, like you mentioned, was probably
the item that had the most eyes on it.
Speaker 2 (07:03):
It was good enough.
Speaker 3 (07:04):
It wasn't a crazy inflationary knock the cover off the
ball number. It came in up five tenths, pretty much
in line prior was revised to touch higher also, so
it doesn't show a massive deceleration in consumer spending or
the consumer is not yet dead. Even X autos came
in in line up three tenths, So I think the
(07:27):
takeaway overall that even including any inflation headwinds, consumers are around.
They're still out spending. There's no real fears import export prices,
nothing real crazy. There maybe a little touch higher on
the import side. Industrial production was inline, you know, prior
was revised up a touch. So nothing really earth shattering
(07:47):
from news today, so that you know, tariff anks that
people thought would set in, I know obviously a lot
of it was backed off or delayed for ninety days.
But the US consumer has not slow demonstrably talked about
rate cuts. You've seen more, you know, at least some
thoughts that you'll be seeing even three rate cuts this year.
(08:10):
Austin Gooles be a I think he's a non or
he is a voting member. Yeah, and he you know,
said that his inflation reads have been mixed. We've seen
both sides of the pendulum, some saying, you know, we
should be cutting fifty bases points and some saying they'd
probably still be on hold. But odds are we see
cuts even as soon as September.
Speaker 2 (08:28):
The market see feels tired. It just does feel tired.
Speaker 3 (08:31):
And that's that's what we're dealing with now, is you know,
the likes of the Oracles and Cisco's and am At
down fourteen percent and Vidio down a percent today. You
need a lot of catalyst when you're at all time highs,
just like the SMP bumping up against it to push
you higher. So you know, it just feels like it
wants to take a breather, and and the whole week
(08:52):
has felt that way, even though we were higher on
the week.
Speaker 1 (08:56):
Well, let's go back to the universe of Michigan consumer
centiment or this was you were saying the consumers holding
in there. Remember up until about four months ago, this
number was lousy, right, and they kept affecting the market,
the consumers. That's when, of course, all the terrofts were
announced and consumers were very, very concerned about this one.
Then we go through about four months of hey, you know,
(09:17):
consumers doing okay. Well, then we get today's number, which
is August's preliminary numbers. So we'll get the final one
in a couple of weeks. But jee, I didn't like
this number. You know, we had a reading of sixty
one point seven back in July, and today's number comes
in at fifty eight point six. Now, again it's preliminary,
but you know this marked the first downturn in this number,
(09:38):
like I said, in four months. And of course what
does this mean? Well, what is the consumer concerned about?
This is a survey. They asked him a lot of questions.
How do you feel about your job? What are you
going to be buying? How do you feel about inflation?
The markets? So on and so forth. So Wall Street
pays attention to this report and one of the one
of the key questions or key answers of the questions
where you know, consumers are worried about inflation and how
(09:59):
can you not be? How can you not be with
the way things are going? But but it's just terriff.
But it's just it's just tariff inflation. That's transitory. Remember
that's all we had, That's all it is just transitory.
Speaker 2 (10:09):
Went did you did you?
Speaker 1 (10:12):
Yeah?
Speaker 3 (10:14):
I mean, you know we're dealing with from a price
to book ratio standpoint, the S and P is back
as it back at its two thousand you know, highs, right,
the market itself isn't cheap S and P five hundred
and four. You know, twelve months earnings at twenty two
and a half times. It's not as high as it
was back in two thousand when we were at twenty
(10:34):
five times, but we're above twenty twenty at twenty three,
so the market right around twenty three. So the market
itself is in a spot that it is.
Speaker 2 (10:45):
You know, it is rich. It's not ugly rich, but
it's rich.
Speaker 3 (10:50):
Uh.
Speaker 2 (10:51):
You know, equity positioning is.
Speaker 3 (10:52):
Not as long as it was earlier this year, which
is a positive, right, So we've got that pick up exactly,
And that's what you've seen small caps. Whenever you see
small caps rip on just a regular day, it tends
to be more shortcovering usually than it is some big
new chase of some kind. You know, the bank stocks
worked one day and then they didn't work the rest.
So it is a fairly fickle level here. Interest rates
(11:17):
coming down I think will continue to help be a
upside catalyst for the market, but we're kind of running
out of easy days where the market just wants to
go higher, and now it may not start to look
for it needs a reason to go higher. Else you
may see some consolidation over the next month or two,
just seasonally, like we've talked about.
Speaker 1 (11:37):
And of course, you know, we're wrapping up earning season.
We're on the tail in not a number of definitely
all the technames and things are out and not a
lot of huge names left to report, fairly light on
the economic calendar for next week. So you know, this
is what you and I were chatting about. I believe
it was on Wednesday, that market. You know, remember, folks,
the market's like a human being. It needs something to
get excited. In other words, it needs a reason to
(11:58):
get out of bed every day and continue to go up.
And you know, today again we saw some rollover in
some of the semiconductor names and a few other areas
that are key to this market. And I love your term.
It's just it's just getting a little bit tired, which
you know what it deserves to get a little bit tired.
It deserves a little bit of a breather. I mean, listen, folks,
look where we are right now. NAZAK for the year.
(12:18):
Here we are August fifteenth. Nazak's already up twelve percent
year to date, SMP's up nine point seven, Dow five
point seven, Russell just coming around up a two point
five percent on a year today basis. So you know
you've had some pretty good gains on the Nasdaq and
the SMP already, and you know there's still ways to
go on the Dow on the Russell side of things.
But but yeah, a little bit of a pause would
(12:38):
not surprise us whatsoever, because again we've it's time to
consolidate a little bit. I want to touch on this
chip sector today because we know how important the chips
are to the market overall and kind of giving us
a direction in the NASAC. So let's tackle some chips
and not potato. How about semicitector When we come back,
I'll turn it over to know that. Oh now I'm thinking, wow,
(13:06):
I don't know how I can even transition. I'm thinking
of French onion dip right now, Jason, I mean, are
there are the rooms clear?
Speaker 2 (13:16):
Was that not offered enough?
Speaker 1 (13:18):
French not offered enough? Exactly how we doing in the
right now? Traffic center?
Speaker 4 (13:23):
My dear, that's the one exactly with the ruffles. You
took it right out of my mouth. That's exactly right.
You got it, You got it. None of that two
day old stuff.
Speaker 5 (13:34):
Oh my stomach is growing now, Holy bully.
Speaker 1 (13:49):
Welcome back to the John Sanchez Show on Newstalk seven
eighty K, which with Jason gone Happy Friday to all
of you all right. Turned out to be somewhat of
a lackluster day at least where the closing numbers were
a lot of activity intra day as always, but we
finished up thirty five on the dow to forty four thousand,
nine hundred and forty six, and once again we did
an all time high intra day at a level of
forty five two oh three. Now as I lost eighty
(14:10):
eight and sp that was a point four zero percent
SMP down nineteen points or point two zero percent. Quiet
on commodities. This is eerily quiet, Jay, it's really had
to do a double take. Oil down twelve cents to
sixty two seventy three, Gold down seventy cents. I mean,
when has that ever happened? Three thousand and three eighty
two fifty and then of course ever so important tenure
Treasury after all the market volatility with inflationary data this week,
(14:33):
CPIPPI for the week up four basis points for the
day at four basis points. So what does that tell you?
All the bond yell gains occurred today. Our closing level
was four point three three percent. All right, let's move
over to the to the chip side of things. We
all know, of course, we don't need to give you
an explanation how important semiconductors are to the overall market.
Definitely on the NASDAC side, et cetera, et cetera. Well,
(14:55):
today was interesting. You know, if the president didn't have
enough enough to think about that, he is going to
be landing in Alaska and meeting with the other world leader,
Vladimir Putin. He also decided to talk to the press
a little bit. He said the following, I'm gonna be
setting tariffs next week and the week after on steel
and on I would say chips, chips and semiconductors will
(15:18):
be setting sometime next week or week after. It's exactly
where his words on air force went. That wasn't clear
if Trump misspoke about steel tariffs. He already duties on
stealing illumined imports to fifty percent. But you know, I
don't know, maybe maybe he's thinking about another tariff just
out of the blue. I don't know, you know, I
(15:40):
was watching, Well why not? Why not? I mean, everything
needs to have a tariff, right, But you know I
was looking at New Core. It didn't come down, and
let me go to us steel, some bullocks. Nothing, uh,
you know nothing really X is gone, right, X is gone.
That's right now, just punched out.
Speaker 2 (15:58):
That's a creature.
Speaker 1 (16:00):
That is so what we gotta go npon.
Speaker 2 (16:02):
Double a alcola. You can watch in.
Speaker 1 (16:04):
CoA see that. Let's see they were down about six cents,
but Newcor was up seven dollars and fifteen cents, almost
five percent. So Street didn't act like he was serious
about that. Maybe again that was just a tongue slip
or something. But you know he remember, folks, he has
repeatedly promised to put levies on chips and pharmaceuticals in
(16:24):
the coming weeks, but again, no formal announcement has has
yet to be made. Now, both sectors, of course, have
been in the Commerce Department investigation going back to April,
a pre requisite for Trump to impose the tariffs on
national security grounds. That process can prove complicated and proves
can take months or longer to resolve. Now let's go
back to the chip side of things today. Now, this
(16:44):
was also the week. Remember it was in the beginning
of this week. It was what last week when Trump
went after the CEO of Intel, mister Towm, indicating that
he needs to go and so on so forth because
he has ties to the Chinese government. According to mister Trump,
Well this week he the CEO of Intel. Just great guy.
(17:05):
He shows up the White House. They spend some time together.
And I was gonna say, I have a cup of coffee.
But Trump doesn't drink coffee.
Speaker 2 (17:11):
He doesn't drink coffee.
Speaker 1 (17:13):
No, doesn't drink booze, doesn't drink coffee, doesn't smoke. Nope, nope, nope, nope, nope,
no fun. I don't know, I know, I don't know.
I don't know. Co Yes, coke, yes, not coke, not coke.
Let's say Coca coladjacent white the bubble cat, yes, yes, yes,
(17:38):
the red kN test. That's right. He doesn't drink the
diet stuff dairy Queen Sunday washed down by a nice,
ice cold Coca Cola. What doesn't that sound good? So
the other situation that that happened today that we're still
trying to get some information on back to Intel, is
the Trump administration announced early this morning that they are
(18:02):
considering taking a stake in Intel, i e. Becoming the
government an owner parsonal owner of Intel. Now, this one, Jason,
has created a significant amount of controversy. Now here's the
pros and the cons of this. Real quick pro of
it is, we know Intel has struggled for a long time.
(18:23):
Intel's received a lot of government money in different forms
to basically get their act together, and it still hasn't happened.
They're building some massive plants, they're running out of capital.
They brought in a new CEO. It's too early to
judge this gentleman I'm talking about that supposedly had Chinese dies.
But now Trump loves the guy, he said after they met.
And so now Trump is talking about the government, via
(18:44):
the US Wealth Fund that is out there, the Sovereign
Wealth Fund that evidently there's quite a bit of money
in there, would take a up to twenty percent stake
in Intel. Now the downside of that is and Intel today,
by the way, moved about two and a half percent
on the upside, up sixty one cents to twenty four
to forty seven. Now the downside of that is, many
(19:07):
people are criticizing the President's you know, I'll call it
an announcement. Nothing's formal yet, saying we'll wait a minute here.
Isn't this communism? Isn't this socialism? Or the government steps in,
takes a stake in a company and profits from it.
But the other side says, yeah, yeah, yeah, right, right
(19:27):
right exactly. The other side, which I'm on, says, well,
look at how many Wall Street banks have been bailed
out over the years through different economic calamities. Government steps in,
takes an ownership stake, the company pays them back by
it's not the first time this is benefit. Yeah, yeah, no,
not at all, not at all. So you know, it's
(19:48):
going to be interesting to watch Intel, you know, in
regards to if indeed that does happen, if the government
does become a shareholder of Intel, and then of course
you still have you know a lot of ongoing situations
with with Fannie May and some of those of course,
Fannie Mae and Freddie Mack or the government's talking about,
you know, basically turning them into a publicly traded company,
(20:09):
the government would buy some of the shares, et cetera.
Fanny made a day up two point one eight percent
sucks has kind of been slowly but surely edging up.
We've had some big days this week, closed that eleven
dollars and fourteen cents and putting a smile on Bill
Ackerman's face. Of course, because I'm a few other close
knit people to Washington have been invested in that for
a while hoping this was going to happen. So it's
(20:30):
gonna be interesting. And they found the comments you have
on the chip side, you know, very important to the market.
Speaker 2 (20:33):
Like I said, no, I know again.
Speaker 3 (20:35):
I think it's just like with the news we got
out of was it Asmaal today sml as far as
am Ad, I'm sorry, Amatt had the weaken that expected guidance.
Speaker 2 (20:45):
I just like I said, this whole sector is tired.
Speaker 3 (20:48):
They've done a lot of lifting, they've done a lot
of work, and you're starting to feel profit taking. It's
been going on for about two weeks. I feel like
under you know, things making lower highs each day, which
is very common where the leaders quietly start to underperform
and you don't really realize it because other areas are
doing better, but just keep an eye on it. Right,
(21:08):
those are our new leaders as chips and so as
chips start to weaken a bit, you know, it tends to,
you know, cause the market to wait, wait, wait a minute,
I can't believe this thing is down five seven eight
percent in the last week. And they start to trim
other areas too.
Speaker 1 (21:22):
So yep, exactly you. Last week, of course, we had
Tim Cook, CEO of Apple, at the White House, and
that's when Trump planned to and did announce one hundred
percent tariff on semiconductors, exempting the companies that are building
or will built here in the US. So this has
been thrown around and then today I just how another
quote he says, I'm going to have a rate that's
going to be two question mark, he said on chips
(21:46):
coming into the country for companies that are not building,
so that if that happens, if that happens, that will
be disastrous. Right, But you know the ones that are
building here, like then videos and hells and stuff, then
maybe they'll they'll be the shining stars. But God help
any of those companies out there that want important, they
(22:07):
just won't be able to survive. There's no way, no way.
All right, we'll continue our market discussion when we come
back to the start. Out to Jack sab and he's got news,
traffic and weather. Hey Jack, welcome back to the John
Sanchez Show on his Talk seven eighty k O. It's
with Jason Gunt. We finished up thirty five on the Dow,
last eighty eight on the Nasdaq, and a decline of
(22:28):
nineteen on the S and P five hundred. But hey,
it was a heck of a week. We gave you
the yearly numbers earlier in the show. Let's tell you
how we did for the week. For the week, the
Dow was up one point seven percent, mister Gaunt, I
think I want to I just want to say, huh.
Speaker 2 (22:42):
Did a win for the week?
Speaker 1 (22:44):
Yeah, that one for the week, big time kick kicked
your Nasdaq and S ANDPS. But matter of fact, S
and P up point nine for the week, So I
almost double JO and point eight one for the Nasdaq.
So there you go, buddy.
Speaker 3 (22:59):
Yeah, up a ticker for what's the ETF ticker for
the Dow d I A, oh, is that what it is?
Speaker 1 (23:07):
Yeah? That's a common one.
Speaker 2 (23:08):
I like that.
Speaker 1 (23:08):
Yeah. Yeah, and you know what you know? The s
P one is s P.
Speaker 2 (23:12):
Y yep, that's one. I v v v o O.
Speaker 3 (23:16):
There's lots of different ways to get exposure to the
S and P five hundred.
Speaker 1 (23:19):
Yes, yes there is, yes, there is, Yes, there is
no doubt about that.
Speaker 2 (23:23):
Felt good, it really dah.
Speaker 1 (23:26):
I'll tell you why in a few weeks, folks, I
promise why we're joking about this. I know it's not
making sense why I just raised my voice, but you'll
understand just uh, news coming across the newsbuyers. During that
last break at Trump and Putin have wrapped up their meeting.
Two and a half hours is how long they were together,
and the world is anxiously awaiting a press conference that
(23:46):
both of them will hold here at any moment.
Speaker 2 (23:48):
Now, all right, so imagine he's just like, we've given
Ukraine to Russia and Poland.
Speaker 3 (24:00):
We've also given Poland to Russia in exchange for I don't.
Speaker 1 (24:04):
Know, but yeah, and and uh, India, you no longer
can buy your oil from there North China. Ye, oh
my god, New World. I know you would have made
something if he brought up is what it was, his book,
The Art of the Deal. He brings out to the
Gamer and says point Stewart says, Ukraine, You're you're sorry,
(24:29):
You're done. Yeah, I know a lot of you speak Russian,
but you're fired. Yea Zelenski, you want to come to
work in the White House. We've got a great spot
for you.
Speaker 2 (24:36):
Promise in charge of fashion.
Speaker 1 (24:40):
I guess for the right right in charge of fashion.
You know what I was wondering. Since it's Friday, we
can talk about anything, okay, God willing, right, in all seriousness,
God willing, this thing comes to an end very soon
because against so many Ukrainian and Russian lives have been
unnecessarily lost. But you know what's going to happen with
all those Ukraine guys And I don't know if there's
(25:02):
any gals. I'm just gonna say, guys that are these
badass drone pilots. Now, do you ever follow the drones
that the that that Ukraine is building. They're gonna far
surpass Dji. I just I mark my word. If all
that crap is done over there and they become, you know,
kind of a get back to normal type of country,
they are going to kick the world's But when it
(25:22):
comes to drone manufacturing, they I saw one the other day, Jason.
I have never seen a drone and I'm talking to
little ones. This wasn't you know, the big ones like
the us this thing. What they said they clocked it
at three hundred and some odd miles an hour. I
mean it was it was so picture like a DJI
drone you know you can buy anywhere flying past you nearly.
I think it was like three hundred miles an hour.
Don't quote me exactly on that, but it was. It
(25:43):
was like just this dog few. I mean, those guys
know how to build drones, they know how to fly them.
So I'm thinking, hmmm, what are they gonna do as
far as you know, drone and they need to do
economic recovery. But I think I think drones are where
it's at for Ukraine.
Speaker 3 (25:57):
I really do, right, I mean that a whole area
is absolutely amazing. I mean just really miss and other
areas that AI makes sense right where you've got these
things all spatially talking to each other, like I mentioned
the you know, the fireworks show they do that are
just pure drones right to know where each of the
other one is with wind and it's I mean, it's
(26:18):
it's like hive mind. And that's the part that I
think is pretty impressive with that whole area. But yeah,
the drone pilots and I mean they're you know, they're
probably like fifteen year old kids, right, they hand them
a PS five controllers and you know, honestly, like i'd
be I mean, the amount of time that my children
(26:38):
spend in front of computer screens is horrifying testament to
my parenting.
Speaker 2 (26:43):
Thank you, but it's just right.
Speaker 3 (26:47):
Yeah, but they're really smart, smart right, oh, so smart,
they just don't talk to people. Well but no, it's
it's it's amazing how much how much teens are just
you know, hard, like to watch them play these games
and such. So yeah, translating to drones.
Speaker 1 (27:04):
Yeah, I get blown away watching my kids text. I'm like,
oh geez, there's yeah, yeah, you're it's a whole different
generation of dexterity that you know, I'll never have.
Speaker 3 (27:19):
I was talking with your oldest daughter and she was
giving me stuff about saying you know, GM instead of
good morning.
Speaker 2 (27:24):
She's like, don't do that. I'm sorry.
Speaker 3 (27:26):
It's just how I right, I'm a hipster, you know,
talking to they wouldn't understand what good.
Speaker 2 (27:32):
Morning even meant?
Speaker 1 (27:33):
You know, Yeah, what did I screw up on that?
It was b r B.
Speaker 2 (27:37):
That was great, No bt W no b r B
your like bathroom.
Speaker 1 (27:42):
Yeah, because Jason, I'll text him or something and you
go b r B and I'm like, man, this guy
goes the bathroom bathroom. Yeah, and I write thanks to
my daughter yesterday and it's like, be right back. Yeah, okay,
I was going to have you go in and get
a prostate exams. Exactly, yeah, exactly. Yeah.
Speaker 2 (28:01):
You have to drink a lot of water, you knowed.
Speaker 1 (28:06):
You and I both drink a lot of coffee, so
nice too much. Yeah, yeah, but we're yeah, okay, I'm
getting a hit thanks to you and the kids getting hit,
the kids of all all around me, all around all right.
Let's talk a little bit about warm Buffett, big news
that occurred after hours last night, and boy did a
carryover mister Buffett and his company Berkshire Hathaway said, hey,
(28:26):
you know what we think United Health, which of course
is a Dow component, very beat up stock, is a
great buy. So he takes down a few million chares
what was it like five million chares or something they
bought last quarter about one point six billion dollars. And
what happens today U and H just takes off like
a like a drone had thirty three dollars and fifty
(28:50):
one cent gain, including some after hours movement here three
hundred and five dollars a share twelve point three four.
You know what happened to the to the Department of
Justice investigation into the company for medicare fraud, you know,
on all the problems that they've pretty much have admitted to.
But Buffett, that's why he's Buffett. He sees through all
that and goes, hey, you know what, it's a great
(29:11):
value based on this, this and this, and boom that
stock just rallies just out of the boom. I mean,
you talk about a value play turned into a growth play, might.
Speaker 2 (29:18):
Get yeah, I mean it's back really the stock.
Speaker 3 (29:20):
Remember there's a gap from about three I don't know,
three sixty three seventy down to you know, the three
twenty five. So there's a decent gap in there that
could be filled eventually. But the stock's been in this
range for a while. I mean, it was a big
move today, but it's literally just back to where it
was in July, right and right. This is like the
worst kept secret. I mean a number of people I
(29:43):
saw on Twitter and whatever being like he's out buying
unh Honestly, I heard it like fifty times and when
I heard it today, I'm like, seriously, like everyone's that sage,
but it does. I mean, that's like we've talked about
a ton a ton of times, is you need to
be running towards the fire. We've got a couple of
clients who are buying this thing on weakness, you know,
(30:03):
and it's just over time that tends to be a
pretty beneficial plan. Is you know, find good companies that
are in some trouble that you think you could see
the other side of.
Speaker 2 (30:13):
And that's what they do.
Speaker 1 (30:14):
Yep. Yeah, stock sold down forty percent after today's big move,
so yeah, very interesting. All right, congratulations mister buff And
I was joking with the roster quick Jason, and I
said this morning when the stock was moving in the
pre market, I said, wouldn't it be so great to
have so much money and be so respected on Wall
Street that as soon as you made the announcement And again, folks,
what they did to be real accurate. They of course
(30:34):
they have to file with the SEC like everybody else,
and here's our positions, and then the news wires pick
it up. But wouldn't be so great to be so
powerful and so respected on Wall Street that nine times
out of ten, a stock is going to move up
just because you told the street you bought some. I
mean thirty four dollars gain. I can't imagine. I don't
even know where the stock was, you know, a month
or so ago, but when he was buying it at
(30:56):
the end of the third quarter. But I guarantee it
was less than where it is now. I'll give you this,
look at the chart of this thing. And so you
know how many millions, hundreds of millions did Burkesho make
today just on the news that he bought it. I mean,
that's that's power right there. That is power, definitely. All right,
all right, turn over at Christena Snow. I am still
hungry thanks to you. The French onion dip, the Lais
(31:21):
potato chips, the rough ol ones. I was joking with
Jack during the break, I'm like, how did she know that?
That is my favorite? You're amazing they do you can't
use regular potato chips. No, it has to be yeah, Oh,
dog gun rights, I am, yeah, dog gun rights, absolutely exactly.
See you there. Welcome back to the John Sanchez Show
(31:51):
on Newstalk seven eighty k w H with Jason goh All.
Speaker 2 (31:54):
Right.
Speaker 1 (31:54):
It is a quick reminder. Don't forget. We have all
kinds of podcasts out there for you. That's right, thousands
of them, literally of a thousand. It's your favorite podcast distributor, iTunes, Spotify,
et cetera. Just search the John Sanchez Show. Tell all
your friends around the world about it. We'd love to
see always love to see our downloads increase. And mister gunt,
let's talk about the office a little bit. We're always
(32:15):
ready to help our clients out or help our radio
listeners out. Let's touch on that foot just a moment.
Speaker 2 (32:21):
Absolutely are Yeah.
Speaker 3 (32:22):
Sanchozgaune dot com is our website. You can see all
of our bios, see John's lovely picture pictures of the team.
We our phone number seven seventy five, eight hundred and
eighteen oh one.
Speaker 2 (32:33):
Give us a ring.
Speaker 3 (32:34):
We're here for all things finance, planning, tax questions, et cetera.
Please nothing's too small. We are very much atter all
the time. Yeah, a lot a lot of psychiatry. We
you know, often get calls from folks who saying, oh,
you know, I don't have that much money.
Speaker 2 (32:52):
I say this, We don't care.
Speaker 3 (32:54):
We're here to help all of you, especially our listeners,
so please don't hesitate to reach out a lot.
Speaker 2 (32:59):
Of earnings next week, at least some big guys we
get home you know.
Speaker 1 (33:03):
Ye yeah, retail week, right, and we for sure let's
go through. Let's go through some of those because we're
light on the economic side. We don't need to do that. No,
not right.
Speaker 3 (33:11):
Yeah, we get to on Tuesday, home Depot, Medtronic. Those
are going to be out before the open, after the close,
Toll Brothers. Be nice to see those, see how the
house housing spaces doing, especially on the higher end target lows.
On Wednesday morning, tjx S day Lauder, a little bit
of analog devices. And then on Thursday, we'll name you
(33:33):
might have heard of Walmart. They're going to be out
also before the open post to closed Ross stores into
it workday Bjays on Friday. So I think there's going
to be a fair amount of consumer focus next week,
as we got you know, the interesting numbers today that
didn't show a massive deceleration, but like I said, the
market feels a little tired. Maybe some of these folks
(33:56):
will give us hints on whether tariffs are or consumers
from the home side or tiring.
Speaker 1 (34:02):
Yeah, exactly, Well, speaking of you mentioned one of those names,
and I want to bring up target to wrap things
up a little bit of a rough day to day
down a buck sixteen one O three eight started right
out of the gate this morning. The stock got down
their the company got downgraded to a neutral rating over
a Bank of America put a price target of seventy
six bucks, which again we closed up one to oh
three O eights, moving a little bit in the after
(34:23):
hours here. But yeah, retails, and remember, folks as we
cover these next week with you, retail sales are very important.
Once again, it comes back to what we said about
the consumer confidence number today from University in Michigan, our
consumer sentiment. Wall Street looks at these retail numbers, how
are you spending? You know, you're out there taking your
hard earned money and going to your favorite retailer. If not,
there could be some choppingness in the market. So we
(34:45):
got to watch those very very closely. I always like
to do that on a retail week because again, most
of the major tech names are well behind us, so good.
Speaker 3 (34:55):
Maybe we'd Nvidia next, not this week, but next. So
that's the last rule. Take canary to stare.
Speaker 1 (35:01):
At YEP, absolutely all right, Trump and Putin have just
begun their news conference. I'm going to get off here.
Go listen to that. See if anything can move the
market on Monday. Jason, have a great weekend, Budy, God Boss,
all of you. Thanks for joining us. We'll see how
Monday on the John Sanchez Show. This dook seven eighty
k each. This program was sponsored by Sanchez Gaunt Capital
Management LLC. The material in this program was intended as
(35:23):
general information only and should not be taken as specific, investment, tax,
or legal advice. None of the information on this broadcast
was intended to be a solicitation for the purchase or
sale of any security. Further information is available by contacting
John at Sanchez Gaunt dot com or seven seven five
eight hundred and one eighth one. John Sanchez offers securities
(35:43):
and advisory services through Independent Financial Group LLC, a registered
broker Dealer and Investment Advisor member FINRA SIPC. Securities offered
only in States. John Sanchez is registered in Sanchez Gaunt
Capital Management LLC in Independent Financial Group LLC. See are
unaffiliated entities.
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