October 31, 2025 • 40 mins
In this engaging conversation, Jon and Bailey Sanchez discuss family dynamics, travel plans, and delve into the complexities of the current economic landscape. They explore the impact of AI on employment, the ongoing government shutdown, and the frustrations surrounding political decisions. The dialogue emphasizes the importance of transparency and understanding in navigating these challenging times.
Chapters
00:00 Introduction and Family Dynamics
02:32 Travel Plans and Family Connections
05:21 Market Overview and Economic Insights
08:29 Tech Earnings and Market Reactions
11:21 AI's Impact on Employment
14:12 Corporate Layoffs and AI Assumptions
16:43 The Tug of War in the Market
19:45 The Future of Work and AI Integration
25:07 The Amazon Delivery Business Model
26:26 The Impact of Government Shutdowns
27:32 Federal Reserve and Interest Rates
28:21 Economic Consequences of Government Shutdowns
30:54 Public Sentiment and Political Accountability
34:22 The Role of Citizens in Political Change
38:27 The Future of the Economy and Consumer Spending
42:57 Investment Strategies in Uncertain Times
👉 Watch this episode on YouTube: www.youtube.com/@thejonsanchezshow
👉 To learn more about retirement planning and wealth management in Reno, visit: sanchezgaunt.com
Compliance Disclosure: This program is for informational purposes only and should not be considered investment, tax, or legal advice. The views expressed are those of the participants and may not reflect the views of Sanchez Gaunt Capital Management. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. Always consult with a qualified financial professional regarding your individual situation before making financial decisions.
Chapters
00:00 Introduction and Family Dynamics
02:32 Travel Plans and Family Connections
05:21 Market Overview and Economic Insights
08:29 Tech Earnings and Market Reactions
11:21 AI's Impact on Employment
14:12 Corporate Layoffs and AI Assumptions
16:43 The Tug of War in the Market
19:45 The Future of Work and AI Integration
25:07 The Amazon Delivery Business Model
26:26 The Impact of Government Shutdowns
27:32 Federal Reserve and Interest Rates
28:21 Economic Consequences of Government Shutdowns
30:54 Public Sentiment and Political Accountability
34:22 The Role of Citizens in Political Change
38:27 The Future of the Economy and Consumer Spending
42:57 Investment Strategies in Uncertain Times
👉 Watch this episode on YouTube: www.youtube.com/@thejonsanchezshow
👉 To learn more about retirement planning and wealth management in Reno, visit: sanchezgaunt.com
Compliance Disclosure: This program is for informational purposes only and should not be considered investment, tax, or legal advice. The views expressed are those of the participants and may not reflect the views of Sanchez Gaunt Capital Management. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. Always consult with a qualified financial professional regarding your individual situation before making financial decisions.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
Good Friday afternoon to you. Welcome to the John Sanchez
Show on News Talk seven eighty k waits. It's a
pleasure to be with you. Mister gun is tied up
in meetings. I will be flying quasi quasi solo when
I say quasi because she may not be Securities registered,
but she could be. She can do everything else. She
runs all of our marketing. She's the producer of the
(00:26):
John Sanchez Show. She does it all. And I asked
her to join me this afternoon. My beautiful daughter, my
baby daughter, my baby girl, Bailey sanchis.
Speaker 2 (00:34):
What an intro. They get better and better.
Speaker 3 (00:37):
And it's all off the top of the head. It's
not like I'm.
Speaker 2 (00:38):
Looking at don't you I know it? You want a
good Christmas present? You're bumping up the hello.
Speaker 3 (00:45):
I want to, I want to. I want to present
from Qatar? Is what I want done?
Speaker 2 (00:49):
Deal?
Speaker 3 (00:49):
Yeah?
Speaker 2 (00:50):
This this?
Speaker 3 (00:50):
Uh so we'll share a little family secret.
Speaker 1 (00:53):
So Bailey is leaving Monday and rendezvousing with doctor Dennis
sand So he will not be joining us on Monday,
but I will still continue a AI subject because you
guys are going to be rendezvousing in the.
Speaker 3 (01:09):
Country of Qatar.
Speaker 2 (01:11):
Yes, we are to watch your nephew in the World Cup,
my cousin.
Speaker 3 (01:16):
Yeah, yeah, my nephew, your cousin.
Speaker 2 (01:18):
Yes, it is seventeen and Underworld Cup. How do you
how do you argue with that I couldn't pass up
the opportunity.
Speaker 1 (01:24):
Yeah, well, wait a minute here, let's let's let the
dirty family secrets out here, folks. Let me tell you,
and I'm sure many of you that are parents and
grandparents can relate to this, So let me let me
kind of line out how this whole trip unfolded. I
get a phone call from her. She's like, Dad, yeah, honey, hey,
I happen to notice. I happen to notice that you
(01:47):
have a bunch of points on your American Express card.
And Dad, we all know how much you hate to travel.
And I knew right then and there, here it comes,
here it comes. She goes, you know, your incredible nephew is,
as you know, just qualified for the seventeen and under
World Cup in Qatar, and I'm like, oh, guitar. So
(02:07):
this is how the conversation goes. Within five minutes she
has me closed. I gave up how many dollars worth
of the well, okay.
Speaker 2 (02:15):
Well for the listeners. Just so you know, John Sanchiz
will keep gift cards from the last ten years because
he won't even cash those in. So lord all knows
that the American Express points we're gonna go to waste.
So to be the good family member that I am, oh,
I had to test the waters in the Middle East
to go support obviously.
Speaker 3 (02:36):
Obviously not the Vegas, but to the Middle East. Yes,
And how much were all those points that I gave up?
Was the dollar value of that free as far as
we all know.
Speaker 1 (02:46):
Not you don't give me that salesperson, It was like
twenty three, twenty five hours.
Speaker 2 (02:53):
They actually.
Speaker 1 (02:56):
Twenty five hundred dollars worth that I give Yeah, okay,
all right, so I think at least you know a souvenir.
You know, I visited Qatar and you know my dad got.
Speaker 2 (03:07):
A classic mug, classic mug Middle East.
Speaker 3 (03:10):
Yeah.
Speaker 1 (03:11):
But talking to you, to your to your uncle Dennis.
One thing I learned, which I didn't know, is they
keep your passport when you land.
Speaker 3 (03:18):
Did you know about that?
Speaker 2 (03:20):
Did not? I thought I read up on everything. That,
of all things, just made my hands.
Speaker 1 (03:25):
Yeah, he in for me yesterday that when you land
you have to hand over your passport to the guitar.
Speaker 3 (03:29):
You know, government or whatever agency you know does that.
Speaker 1 (03:33):
So make sure you just can't leave whenever you want
to that On top of I heard it's ninety degrees
and ninety percent humidity, So yes, you have to wear that.
Speaker 2 (03:43):
Many countries in my life, and this will be one
that is the most unique to.
Speaker 3 (03:47):
Say, do you have to wear that? What's the thing
called the no?
Speaker 2 (03:51):
I have to have shoulders and knees covered. Tattoos will
obviously be covered. So that's the girl is going to
be sweating a little bit Italy. I'll come back a
few pounds lighter.
Speaker 3 (04:03):
All right, And who's producing the show while you're going?
Speaker 2 (04:06):
We'll go over that this weekend. Father to press the
record button?
Speaker 3 (04:09):
Oh gee, you really you're gonna trust me to do that?
Speaker 2 (04:13):
Sorry to all the listeners if it's in and out
and bad service and all the things. He's trying his best.
Speaker 1 (04:20):
Jack Saban, help me, brother, help me, Jack Saban, Help me,
Jack Saban. I thought your older sister was going to
be the producer.
Speaker 3 (04:25):
Now that felt.
Speaker 2 (04:26):
We'll handle that when we handle that.
Speaker 3 (04:30):
Happy the Bata day, all right, all right? I hear it,
I hear it in your voice.
Speaker 1 (04:35):
Yep.
Speaker 3 (04:36):
So why are you joining me today?
Speaker 2 (04:38):
I mean, why not? We always have the best conversations,
so I think, I mean, you're going to talk about
the week on Wall Street per usual, But I like
to come in with the general questions that I feel
like a lot of other people have, considering I haven't
been in the industry per se like you have or
Jason has. So I like to kind of bring the
aspect from the listener who doesn't know all the deep
(05:00):
down details like you guys do, and ask the questions
that they might be thinking.
Speaker 1 (05:04):
So, in other words, you're twenty nine years old. Now
all those say you moved out at what eighteen nineteen? Really,
how old were you?
Speaker 2 (05:11):
I moved out at seventeen, thank you, seventeen.
Speaker 1 (05:14):
So for seventeen years sitting at the kitchen table discussing
the markets and the business, all that went in one
inter out the other, that's what you're saying.
Speaker 2 (05:21):
I mean at seventeen, I had way different priorities, and.
Speaker 3 (05:25):
Lord knows, you had no plan of being in this business.
Speaker 2 (05:28):
But here I am. You're welcome. You are welcome.
Speaker 1 (05:32):
Oh you little spitfire, you little spit fire, all right,
all right? So you're going to be throwing and folks
have no idea what she's going to be talking about
after I do the stock market recap, But you're just
gonna be throwing a bunch of kind.
Speaker 3 (05:43):
Of journal questions. I think it's a good idea, yeah,
kind of yeah.
Speaker 2 (05:45):
N I say, we touched on the big topics of
the week and all ask questions that I think a
lot of people might have who aren't in the industry, like.
Speaker 3 (05:51):
Fake media and Israel and all the things that float
your boat. Tinfoil hat is exactly coming to you.
Speaker 1 (06:00):
I'm a from a cave in the middle of the
Thata desert. Yes, all right, well, I guess I'm looking
forward to But anytime I get to spend time with you,
I enjoy it, and I cher I cherish it. I
cherish especially since you're gonna be gone for ten days
and so forth, and we've got this time different, so
you know, don't expect you're still on payroll where you're gone.
(06:20):
Don't expect, because right you're not taking true vacation time
because you said you're gonna work the whole time, So
that means I can call you in my normal times,
even though it's what eleven hour time differ t hours?
Speaker 2 (06:30):
Ten hours?
Speaker 3 (06:32):
Okay?
Speaker 1 (06:32):
Cool?
Speaker 2 (06:32):
Anyways, Happy Friday, folks. My hands are double sweating.
Speaker 1 (06:37):
If you're a true, true employee and dedicated, you would
still be producing this show.
Speaker 2 (06:43):
Okay, yeah, one am, yes.
Speaker 1 (06:45):
Yes, exactly exactly. That's dedication for you, of course. All right,
well we'll figure it out one way or the other.
Alrighty folks, Well enough of the goofing off. It is Friday.
We do always like to lighten things up just a
little bit, because Lord knows, I am tired. You are tired,
Bailey's tired. Everybody's tired. Spend a long, long week on
Wall Street. But you know what, that's okay because we're here.
(07:07):
We get to spend my favorite hour the entire day,
which is when we all get to get together and
talk about this great thing called Wall Street and the
craziness going on in the economy. So it looks like, Bailey,
you know, the first thing, it looks like we're I mean,
see we were what day thirty one today I think
is day thirty one of the government shut down. Thirty
three is the record, So sincerely doubt we're going to
get the government open on Sunday. So it looks out
(07:28):
we'll probably be able to set a new record of
the longest government shutdown in history. That's one thing we
deal with.
Speaker 2 (07:33):
There's a lot of questions that I have for you
on that topic. Now right hold on those break yep,
Oh boy, a lot of questions.
Speaker 3 (07:40):
All right, Well, let me tell you what we do
have lined up again.
Speaker 1 (07:42):
We're gonna be breaking down what happened the week on
Wall Street, as we do each and every Friday.
Speaker 3 (07:45):
We had big tech earnings. This week, we had surprise layoffs.
Speaker 1 (07:48):
We had interest rate signals that, let's just say, have
investors a little confused. Look, you were on the show
last night, you were behind the scenes, but did you
see poor Dwight. You know, we get this FED interest
straight cut this week, and Dwight's like, wait a minute,
I mean again, John, You know, FED gives us an
interest straight cut and mortgage rates sore.
Speaker 3 (08:07):
Let me see where it is real quick.
Speaker 2 (08:10):
He had hit Friday three times.
Speaker 3 (08:13):
This yeah it it did. Yeah.
Speaker 1 (08:15):
Six twenty eight is where we closed on the thirty
year mortgage. According to Mortgage News Daily, it was down
five basis points today. But again we're at six thirteen
Bailey earlier in the week, right before the fit interest
rate decisions, big big jump up on mortgage rates. So yeah,
the poor guy, you know, just feeling the brunt of it,
along with other other mortgage professionals. So but you know, again,
(08:36):
that'll be one of the many things that we talk about.
So let's get down first of all, to what the
heck happened today? Well, it was somewhat of an unusual day.
It was a day I'll be honest with you that
I had a lot of optimism in. And the reason
I say that is because yesterday, of course, not long
after the stock market closed, we had release of earnings numbers.
Out of two major names, we had Amazon and we
had Apple, and both of those companies far surpassed Wall
(08:59):
Streets expect. They gave great guidance. It was everything you
wanted to hear. The stocks started moving up in the
after hours. I mean, Amazon yesterday, if I remember, was
north of twenty dollars and Apple was up over six
seven bucks right around there. Didn't quite hold that way.
Small game on Amazon to how we finished up eleven
dollars in ninety one cents fifty seven to sixty excuse.
Speaker 3 (09:19):
Me, pardon me, let me back up. I apologize.
Speaker 1 (09:21):
Amazon up twenty one dollars and eighty two cents, nine
point seventy nine percent to two forty four to sixty
eight Apple. That's when I was starting to say down
a dollar fifteen, So went for that game negative to
close at two.
Speaker 3 (09:32):
Seventy twenty five.
Speaker 1 (09:33):
Baileeve this market has as a strange twist to it
right now, and I think it's really remember when you
were a kid and you'd play, let's say, tugle war
right with your friends in the front yard. It's kind
of what it's going on right now. You got the
bulls on one side, you got the bears on the
other side. They're tugging right now and going, wait a minute,
AI's overvalued.
Speaker 3 (09:52):
Or maybe it's not.
Speaker 1 (09:53):
Or look at all the money that these companies are spending,
or look at the layoffs that Amazon announced this week
in its tug of war, back and forth and back
and forth. And the easiest thing when you get into
a market condition, Bailey, like we are in right now
where markets are nearing you know, all time highs as
we hit you know, just a couple of days ago
on all the major averages, the easiest thing when you're
confused and you got this tuggle war going on is
to sell and say, you know what, I'm going to
(10:14):
take profit. I'm going to sit to the sidelines, let
this market kind of cool down. And I really think
that's the best way that we can summarize what happened
this week, because it was a week that, you know, theoretically,
I had a lot of optimism. I had a good
feeling Amazon was going to do well on Ernie's, had
a good feeling Apple was going to do well.
Speaker 3 (10:29):
But I also had a.
Speaker 1 (10:30):
Good feeling in the market, which we're going to do
well because of President Trump and President she Right, they
met on Wednesday night, our time, and geez, they hardly
got any you know thing written about them. It's like, oh, okay, yeah,
they talked about rare earth and China's going to open
up the rare earths a little bit. And Trump dropped
his one hundred percent fitinel tariffs. You know, so now
we're down to forty seven percent tariff. But beyond that,
(10:52):
market did not even budge on it. So that's what
I'm saying. That's the best analogy that I can explain
to you and to everybody else. It's just we just
got this tug war, noting not saying anything's good. We're
just kind of stuck right now. And I think we're
really lacking conviction at this point.
Speaker 2 (11:05):
I think when we come back from break, I would
love to pick your brain on is it assumption that
with all of this AI new news on AI coming out,
is it set in stone that these markets are up
and down because of that. I know that Amazon had
all those layoffs. Did they directly come out and say, hey,
this is because of this new technology, we don't need
these people anymore. Or is it just the assumptions because
(11:27):
I think we're all reading the same headlines at the
end of the day, and AI is front and center,
of course, but is there really other stuff behind the
curtain that's driving these changes so rapidly?
Speaker 1 (11:37):
Beautiful? Love to answer that question. Hey, this is gonna
be fun. Someone gets asked me a question.
Speaker 3 (11:41):
So I like that. I like that. I think that's
the idea of been radio show host. Right, all right,
so let's set tight.
Speaker 1 (11:48):
All right, let's start over to a wonderful, absolutely incredible
Christen Snow She's in the right now traffic center.
Speaker 3 (11:53):
Hello, Kristen snow.
Speaker 1 (11:59):
Welcome back to the John Sanchez Show on News Talk
seven eighty k O, which mister Gunn is in meetings.
I have my daughter, beautiful Bailey Sanchez, joining us, our
director of marketing at Sanchez gun All right again, this
is gonna be really fun. I have no idea what
Bailey's gonna be asking me throughout the show, but I
think it's wonderful to get her questions and perspective as
a twenty nine year old businesswoman in this world. You
know what she seemed, because it's obviously different than than
(12:21):
things Jason and I see and worry about, and.
Speaker 3 (12:23):
So on and so forth.
Speaker 1 (12:24):
But first of all, here's a snapshot of where we
finished a forty one point game on the Dow was
all again, it was a volatile session. We closed at
forty seven five sixty two. Now Zach grows one forty
two point sixty one percent. Smpup eighteen or point twenty
six percent for the day. Oil was up thirty nine
cents to sixty seventy five. A barrel goal gave up
nineteen dollars and seventy cents to a close at three thousand,
nine ninety six an ounce and up one basis point
(12:46):
on the tenure to a close of four point one
for the week, up ten basis points on that yield.
Speaker 3 (12:52):
All right, miss Sanchez, the floor is all yours.
Speaker 1 (12:54):
I'm gonna sit back and you're going to fire off
questions between now and about five fifty seven this evening.
Speaker 3 (13:00):
So let's go to the first one.
Speaker 2 (13:02):
Put me in training for when you retire.
Speaker 3 (13:03):
Huh, there you go, There you go exactly.
Speaker 2 (13:06):
I think the common thing that you and Jason and
the guys have been talking about all week again is
Amazon had all these layoffs, right, and Mark is back
and forth this tug of war with the overall theme
thinking that this is because people see these AI headlines,
AI is taking over do all these layoffs with these companies,
and then so it's changing the markets. But is that true?
(13:27):
Is that sentence stone? Did they come out and say
AI is changing Amazon right now and that's why we're,
you know, releasing all these employees. Is this sentence stone
or these assumptions that we're all making just from seeing
the same headlines week after week about AI?
Speaker 3 (13:41):
Yeah, great, great question.
Speaker 1 (13:42):
Let's tackle Amazon specifically and then other companies in general. Okay,
so you're absolutely right, when Amazon released the Ernie's numbers
Wednesday after the close, and actually a day or so
before that they announced the well, let's go back actually
to Monday, if memory serison correctly, the news broke that
Amazon was going to lay off thirty thousand employees.
Speaker 3 (14:02):
Now that sounds like a lot, but I mean you're
talking to.
Speaker 1 (14:04):
Company with what three hundred and twenty five thousand employees,
and it was just in the corporate office, Bailey, So
at that point there was I think it represented roughly
ten percent of their corporate workforce right at thirty thousand.
When it finally happened on Wednesday, if I remember right,
it was only fourteen thousand, but still substantial some of employees.
(14:26):
And everybody's assumption is exactly what you thought, which is
they're doing this because of AI. I mean, we know
how much AI is entrenched in Amazon, and they're you know,
one of the market leaders there with Amazon Cloud and
so on and so forth. AWS. But it was funny
the Andy Jeffrey, the CEO, came out when he was
on the analyst conference call on Wednesday and specifically said
(14:51):
the layoff had nothing to do with AI.
Speaker 2 (14:53):
You know.
Speaker 1 (14:54):
His answer was, we were beloaded. We had excess personnel
from the covid era. We overhired during the covid erea.
Now you and I have a lot of discussions about
fake news, yes, and I think this was a prime example.
Love the company, not bashing. He's a great CEO, but
I'm hearing it way too often. This is what companies
(15:15):
are seeing because Bailey, in my opinion, they don't have
the guts as a CEO to come out and say,
guess what, a machine just took five jobs, a machine
just took ten jobs. Instead, it's more humanistic to come
out and go, hey, we over hired, right what companies
only we overhired?
Speaker 3 (15:32):
We just got to let people go.
Speaker 1 (15:34):
In reality, I mean, my guess is I don't know
the corporate office setup of Amazon, but my guess is
it was AI. They just don't have the guts to
come out and say that. And again, this is very
very common or what we're seeing right now. Very few
companies if you get into some of the tech companies
Bailey like like Salesforce. We had it this week with Meta, right.
Meta has this metal labs right where they create the
(15:56):
just kind of crazy projects. Right, and now you know
lost what four billion dollars this year or something, and
they laid off I think it was what six hundred
people or something out of there, and everyone's like, whoa,
this is kind of the AI lab, you know, the
fancy glasses that have AI and you know, on and on,
and they'll be the first admit, yeah, AI's taking jobs.
Speaker 3 (16:13):
Right.
Speaker 1 (16:14):
So it really I think depends upon which industry a
company is in of how they're going to depict that
to the public, right, because you take a company like
Amazon or anybody that's not one hundred percent pure tech,
and they need to walk this fine line of not
looking like this gargantuan giant that has no soul, and
instead they're going to say, hey, you know what, we're
(16:35):
just overblowed.
Speaker 3 (16:36):
We got to let people go.
Speaker 1 (16:37):
And oh I should mention also that they did offer
supposedly a lot of these people jobs in other parts
of the company. Generally, what I've seen when companies do that,
very few people take them up on that because you
requires a completely different department and position than what you
want and usually requires you moving and on and on.
So most people's got, you know, give me my severance
and I'm out there, well, let.
Speaker 2 (16:57):
Me stop you right there. Here's my question. This may
be a very black and white question. You said the
layoffs were in the corporate headquarters, correct, So if AI
is taking over or they hired too many people, it
just doesn't seem like the puzzle pieces are adding up.
If they hired too many people in the warehouse and
they replaced them with AI, I could understand that that
makes sense for that area of the business to be
(17:19):
taken over by technology. Less people on the ground, more
robots moving around with packages right in corporate headquarters. It
seems you've had your essential. We'll just throw out a
number one hundred positions that run the company, regardless of COVID,
of whatever situation is going on. So are we is
AI taking over those corporate positions inside of the office
(17:44):
or how did you hire that many extra people in.
Speaker 1 (17:47):
Front of And I've always said that, and I was
telling the story to a friend yesterday brought this exact subject.
It was so funny you ask about it, and I said,
you know, shame on to pick on Amazon, Shame on
their CFO for going with COVID. Ended what twenty twenty
two is here? We are three years later, going three
years and you're over below you're you're beloaded in personnel.
(18:10):
I mean, that's a lot of money. That's a lot
of money. So that's why I don't believe that that's it.
So go back to your first question, or your question
a moment ago, which is did AI take it over?
I believe in my heart of hearts yes, because you
think about I mean, I get I don't know app
Amazon's corporate structure, but I visualize a lot of financial
analysts and treasury people, and you know, so on and
(18:32):
so forth. Bailey's we see with major Wall Street firms.
I mean every one of the firms have admitted, you know,
so like Goldman Sachs, our friends of Goldman Sachs. They've
shed lots and lots of jobs because of AI.
Speaker 3 (18:43):
You know it.
Speaker 1 (18:44):
You know, if your dream, Bailey at twenty nine years old,
was to go back to school and go get an
NBA from Harvard or Yale one of these big Ivy
League schools and go Dad, I need I want you
to help me get a job on Wall Street, I
would say, Bailey, I can't help you. Right as long
as I've been doing this, I can't help you because
those those jobs, those junior analysts they call them. Coming
out of college, even from a big, you know, NBA school,
(19:07):
it's a challenge for them because all that kind of
grunt work that a new finance employee does, AI is
doing it for basically no cost and a million times
the speed. So I use that same logic in a
corporate setting Amazon or anybody else. A lot of those
financial analyst type of jobs like an NBA would would
would occupy again, you can do it with AI. So
(19:29):
I just think we're not being told the truth by
a lot of companies that AI really is the reason.
And it's as we've all said, especially with your uncle
joining me on Mondays, it's just the beginning, folks. This
is why we're so pushing for people to start thinking
about solo airepreneurship right because this is just the beginning
of what we're going to.
Speaker 2 (19:47):
See and coming from not only the consumer side, but
also somebody who tried to open a brick and mortar
clothing store at the beginning of COVID right one. I
closed my business solely because through COVID, everyone got so
comfortable ordering any consumable item through technology, through Amazon, things
(20:07):
like this, and it has only become habitual patterned with
now to do that, there's less and less people walking
inside of a business to buy something I even rely
on like Walmart pickup, Right, I don't even want to
walk in there, and so it just does if you're
overbloated in personnel and Amazon because of COVID. I'm sorry,
(20:30):
but maybe this is ignorant of me, But it only
seems like that side of the business is growing and growing.
It seems you should be adding more people. So this
is only tying into yours and I speculation. I think
that is potentially not completely the truth, that it's not
technology taking these jobs. That if that's why, you're really right, But.
Speaker 1 (20:48):
Let's let's before we go to break here, let's let's
strip a few layers off this onion here, right, it's
it's your point is here. You got one of the
top technology companies slash consumer companies.
Speaker 3 (20:58):
Obviously in the world we all use am is on.
How did they not know? Right? How do they not
doing this? What you have to realize too is.
Speaker 1 (21:08):
Every publicly traded company Bailey is under significant pressure from
Wall Street to perform quarter after quarter after quarter. Right,
if their earnings were three dollars a share, of this quarter,
By gosh, they better be at least whatever three dollars
and five cents next quarter. If they don't, Wall Street,
as we saw this week with Microsoft and Meta, they're
(21:30):
gonna put us the stock. They're gonna sell the heck
out of it and cost the company billions of dollars.
So this pressure that's on these companies As an investor, Bailey,
I mean, you own stock. As an investor, do you
really care if one of your companies grew their earnings
because they got rid of two thousand out of their
five thousand employees or do you even care?
Speaker 2 (21:52):
Right, you're sticking your head back at the end of
the day as long as I see that price going
up on this and as Heartless says, it sounds, I
don't sure what you say. At the end of the day.
As long as you see your portfolio growing, you actually
will not go.
Speaker 1 (22:06):
And that's the logic, and that's exactly the logic. So
you answer that as a retail investor, but you may
magnify that towards you know, Wall Street and an institutional level,
and it's even more pressure if you're a PINCHI plan
out there. They don't give a dog on if you
fired people because AI took over, They're like, yeah, because
we all know as business owners, your biggest expense for
most of us is payroll, plain and simple. So if
(22:26):
you can reduce that, that has an immediate impact to
the bottom line, to the earnings for sure, to the
overall you know, everything, as long as you don't lose
a step, which companies like an Amazon don't tend to
do that because AI is making it more productive. And
I mean, Bailey, it's gone so far as I don't
think you and I ever really touched on this, but
(22:46):
I think it was right after covid d it. You know,
Amazon went on this path where they started aloud and
I the name excasing, but where you can open basically
your own Amazon delivery business.
Speaker 2 (22:58):
I had heard about that.
Speaker 1 (22:59):
Yeah, and you see, matter of fact, a majority of
what you see, like around our homes and things like that,
that's these contractors, right. So I had a lot of
clients inquire about this when Amazon opened this up. So
you go to Amazon, you apply, you have to have
you know, certain criteria to meet, They approve you, and
then you lease you know whatever, twenty vans from them
(23:19):
and warehouse space and on and on and on, and
now you're a delivery company for Amazon. You have their logo,
it's their vans and that type of thing. I read
this article the other day in the Wall Street Journal.
Many of these guys in gals are giving their businesses
back to Amazon.
Speaker 3 (23:32):
They're like, we can't afford it.
Speaker 1 (23:34):
There's not enough profit left for us because Amazon is
putting the screws to them so tight.
Speaker 3 (23:41):
I mean, you live on the ranch.
Speaker 1 (23:43):
You know. We have a semi truck. I get advertisements.
Literally has got one today from Ama. Was it called
Amazon load or something where Amazon wants to hire. They're looking,
They're desperately looking for trucks right to haul their trailers
and stuff like that. Again, I asked a friend of
mine about it. He's like, my god, that was the
worst thing I ever did because I made no money.
I mean very stringe to go from point A to
point B by this time, and I made no money.
(24:05):
So the idea is Amazon is very tight. Picking on Amazon,
They're very tight with their money, so they're going to
do whatever they can do enhance that bottom line, whether
it's job layoffs through AI that they're not willing to admit,
or whatever the case is.
Speaker 3 (24:16):
And every corporation. Bailey's that way.
Speaker 1 (24:18):
It's all about the bottom line because they have to
report to the ultimate client, which is Wall Street.
Speaker 2 (24:23):
Right. Absolutely, I think the best thing that anybody can
do is secret technology taking over. Just don't lie about it.
You already know what's happening.
Speaker 3 (24:31):
Yeah, don't adopt it, as we.
Speaker 2 (24:33):
Say, it shows how advanced you are. Just be truthful
with people, because I'd much rather invest with the company.
Speaker 1 (24:41):
That's a good point. That's a good point. All right,
We'll continue on with Bailey's questions when we come back.
Let's turn over to Jack Saban. He's got news traffic
whether Ajack. Welcome back to the John Sanchez Show on
Newstalk seven to eighty KOs with my daughter Bailey Sanchez.
Jason is a tied up in meetings at this point.
Happy Friday could week into all of you, and again,
Happy Halloween, Happy Nevata Day.
Speaker 3 (25:02):
Happy Nevataday.
Speaker 1 (25:03):
Yes, well officially tomorrow, right, do well we consider today
Nevada Day, I believe, yeahs tomorrow.
Speaker 3 (25:11):
Yeah, Okay, only been to one of those that was enough.
Speaker 2 (25:16):
And you are come on, no.
Speaker 1 (25:17):
It was all you're drunk, you know what. Friends that
did not make it. Well, your brother's drunk friends that did.
Speaker 2 (25:22):
I was going to say, you're looking at the wrong child.
Speaker 3 (25:24):
Yeah, that's true. All right, forty one point game on
the Dow is how we finished? One?
Speaker 1 (25:29):
Forty two rise on the NASDA, can up eighteen on
the S and P five hundred.
Speaker 3 (25:33):
All right.
Speaker 1 (25:33):
Well, I've given an open forum to this wonderful twenty
nine year old to hear from, you know, her perspective
with her generation's wondering about as far as Wall Street
and investing in the economy and so on and so forth.
Speaker 3 (25:44):
So I don't know what she's gonna ask. So Bailey,
go to your second question.
Speaker 2 (25:47):
Let's get the next obvious headline of this government shutdown.
You shared a statistic with me earlier. This is costing
seven billion dollars a week that we are shut down.
You said, we're almost at a new record for the
longest government shutdown. Of course, both sides are collecting their
paychecks still.
Speaker 1 (26:08):
Oh, you mean the politicians that are keeping the government
shut down the Yeah, yeah, yeah, absolutely.
Speaker 2 (26:14):
So here's a general question that I think everyone wonders
all the time. How is this going to affect us
as a normal citizen with this much money? Being spent
on a government shutdown? What does that look like for us?
Because it's not them paying it back, It is solely
the citizens paying back for their decisions per usual. What
does this look like going forward? If they say they
(26:36):
opened up tomorrow and we did thirty one days of shutdown,
how do we pay that back?
Speaker 1 (26:42):
Well, you'll never get it back now. Of course, the
biggest impact, Bailey is the furlowing of the government employee. Right,
they don't get their paycheck. They're not getting their paycheck.
We're seeing air traffic controllers walking off the job and
TSA people and things to disrupt services that we all need,
right my government businesses and jobs and obviously.
Speaker 3 (27:04):
Airport and so on and so forth.
Speaker 1 (27:07):
So those people, at least the way it's written, even
though Trump has threatened the opposite, will get their back
pay when that happens. Now, let's play a little mind
game here. Let's say you're a government worker. Unlike most people,
you love paycheck to paycheck. Right, So you've now essentially
gone almost the entire month of October with no paycheck. Well,
(27:29):
when you call up your lender and say I can't
make my mortgage payment, some lenders are I've heard offering
some programs. They're not going to eliminate that October mortgage payment. Generally,
what they'll do is they'll they'll take it and they'll
put it at the end of your loan. That way
you get to pay interest on that extra payment. Right,
So I don't think they're doing a great thing for you.
(27:50):
So you can't make your car payment, can't make your
credit cards, you can't make your mortgage payment. But oh,
by the way, and then you know, again for those
that connect collect the snap benefit, you're not gonna be
able to get that effective tomorrow.
Speaker 3 (28:02):
So you're gonna see a lot of people just.
Speaker 1 (28:05):
Clamoring for the basics of life, food shelter, that type
of thing. So depending upon again, day, thirty three days
is our record. It looks like we're going to surpass that,
so Monday would be what thirty four days, So we're
gonna set a new record on this, But it depends
on how long it lasts, Bailey. So you know it's
costing the economies, as you said, seven billion dollars a week,
(28:27):
roughly thirty billion in a month. And so can you
make that back? I don't think you can. So again
back to My analogy, Bailey, if you if you're a
government worker and you haven't been paid for a month,
and somehow, some way, maybe you had enough savings or
your creditors are allowing you to postpone these payments, you know,
till you get paid whatever.
Speaker 3 (28:46):
Guess what what are you not doing right now?
Speaker 1 (28:49):
You're not going to the grocery store at five o'clock
when you get off of work. You're not going to
jcpenny and you know, buying a new winter wardrobe.
Speaker 3 (28:56):
Right.
Speaker 1 (28:57):
So that's where it costs the economy is people just
freeze up because they have no money to do it.
You can't get that back because I guarantee if if
Monday morning the government shutdown ended and they paid you
back your whatever four thousand dollars for the month, what
are you gonna do. I've got bills, I got to
back bills, I've got to pay. So you see, you
never really make up for the economic loss.
Speaker 2 (29:17):
So how are these big businesses not not breaking down
the door to these politicians and saying look.
Speaker 3 (29:22):
No, no they are okay.
Speaker 1 (29:24):
United or the airline CEOs met with JD Vans yesterday.
It's exactly this, say look at you, you know this,
This shutdown is costing air traffic controllers to walk off
the job. They're exhausted, they're not getting paid, et cetera.
I mean, you know we saw just last week what
LAX was shut down for about four hours. Burbank a
few weeks ago was shut down. You're seeing this across
(29:44):
the country, so that that hammers commerce. I mean there's
a lot of money, as you know, being spent on
air travel. Well, if it's diminished, people aren't traveling. Guess
what there goes that money. So yes, these CEOs, bail
and various industries are sitting down with the various members
of the Trump administration saying get your act together and
get this country open because it's costing us right right.
Speaker 2 (30:03):
And it comes to a point where I know this
is very tinfoil half of me, but this is how
I always think, And it's like, when do we come
to an uprising of the American citizens having enough is enough?
We can't afford it.
Speaker 3 (30:15):
Come that too.
Speaker 2 (30:16):
Middle finger up to you guys, let's I don't know,
destroy your property like you're destroying our lives. What does
that look like if this continues on solely because nobody
can come to me.
Speaker 3 (30:26):
I honestly don't think we're far from that. I really don't.
Speaker 1 (30:28):
I mean, if this thing drug on sixty to ninety days,
I think you could. You're referring basically to rioting in
the street, right, because I agree, and that's why I
have said. I've had a lot of friends over the
years that are politicians, and I detest politicians, love all
of you as human beings. But I did test your
profession because you no matter what, no matter what level
(30:51):
you are, local or all the way up to the president,
you have one person you're concerned with. Don't tell me
you're concerned about your constituents. You are concerned about getting
re elect at whatever cost. That It is the first
time that I found, all to say, a high falutin
local politician, very high up, went to his house and
(31:15):
multimillion dollar house, and found let's just say, millions of
dollars worth of assets that were sitting there. And I'm
thinking to myself, you make one hundred and eighty thousand
dollars a year as your position, how do you afford
this multi million dollar lifestyle. It's because of all the
people that buy these politicians off. I hate, I hate,
I hate when they use the American people as a pawn.
Speaker 2 (31:39):
And it's even worse when not to stay treble. So
much of your generation or older still believe that the
government potentially has us, has our best interest at heart.
You know, people who were very stuck in their old
school ways. And I know even you and I go
back and forth on conversations of new things that are happening,
and you're like, you're crazy for thinking this, and like
(31:59):
Dad opened your rise to this, and so I crazy.
I just pictured, just like COVID times, the looting is
going to start again, the rights in the street, destroying
of businesses that already cannot open because nobody is being paid.
So what does this look like in the next few months,
especially leading into Christmas? This may be the most devastating
(32:21):
numbers that businesses see in how long, probably maybe since
COVID or before, because nobody has money to even buy
a turkey for Thanksgiving or a gift for Christmas. So
I mean, of course we'll never get answers on anything
or that they even care about how this will affect anyone.
But it's just I'm sure the normal thing that everyone
(32:42):
is thinking right now, what that looks.
Speaker 1 (32:44):
Like in the problems is everybody's afraid to say anything
about it. But if you got them into a private room,
as I do a lot of times, yeah, you'll find
out that no matter what side of the aisle that
you're on, you're frustrated what's going on in Washington because
it's it's not fair. As I always say that, you're
playing with people's lives. You're whatever you guys and gals
do behind closed doors, that's your business.
Speaker 3 (33:03):
I don't care.
Speaker 1 (33:04):
I've been asked to go into politics a million times,
and every time I turn them down. I would never
ever get into politics. I can't stand it. It takes
too long, it's beloaded, and again, I care about people.
I would never make it right. But whatever you guys
do in Washington, do it, but not at the expense
of our hard working men and women of this country that,
damn it, go to work every damn day. Every day
(33:27):
they go to work, they're trying to put food on them,
they're barely making it getting a paycheck, and now you
just yank their paycheck out, and they're.
Speaker 3 (33:32):
Like, what do I do? What do you want me
to do? I chose a profession that was supposed to
be the safest, most steady profession.
Speaker 1 (33:41):
I've forgotte going into the private sector so I could
go public.
Speaker 3 (33:46):
Right.
Speaker 1 (33:47):
My parents told me, hey, go to work for the government.
You'll get a pension, you never worry about missing a paycheck.
And look at these people now, and.
Speaker 2 (33:54):
Look they're winning even more because of how tight and
everyone is into social media, and they have played it
so well that it should be read versus blue. Let's
get everyone like puppets to hate each other because of
this shutdown, and at the end of the day, we're
all the same people, believe. I wonder that.
Speaker 1 (34:09):
Imagine if there wasn't a Republican or a Democrat, how
great would this country be? Bailey? If there was let's
just say whatever, no party, right, and the people were
controlling it, not politicians, We as a people were voting right,
how simple would it be?
Speaker 3 (34:22):
All Right?
Speaker 1 (34:22):
Somebody says, all right, you want to vote on this topic. Great,
everybody votes okay, Great, the country agreed on this. Not
a politician who quote quote represents my vote. You don't
know what I'm thinking, and.
Speaker 2 (34:32):
I want I hope every hope everyone remembers. When you
sit on Facebook and you get mad that someone on
the opposite Aisle is saying something that pisss you off,
and you say, I hate those Republicans, Democrats, whatever it is.
Remember at the end of the day, they're winning. When
you fall into that, it is a responsibility to all
come together. We're all one that are all being played.
(34:54):
So we all have to team up together to absolutely
find it.
Speaker 1 (34:58):
Somehow team up and push the politicians out and watch
us see how create this country would.
Speaker 2 (35:03):
Be foming at the mouth.
Speaker 1 (35:05):
That's right, that's right, all right, we'll start this new movement.
Let's wrap it up with Jack Saban right now, traffics.
All right, excuse me in the I'm sorry, Christen. I'm sorry, Christen.
You start giving me going in politics and I just
I lose all train of thoughts. So I apologize, my
dear Christmas. No right now, traffic center. Welcome back to
(35:26):
the John Sanchez Show on News Talk seven eighty k
wah Again. Jason out this afternoon and meetings, joined by
my daughter Bailey Sanchez, director of Marketing Sanchez Got Capital Management.
I'm going to give you the opportunity, miss marketing manager,
tell the audience how all the great things you've done
to to promote this show. Saj our wonderful family here
at News Talk seven eighty k wh.
Speaker 2 (35:43):
Yeah, we've really put in the effort the last few
months building out our YouTube channel to really integrate the
video portion. It makes a little bit more personal. You
can see John smiling face every day when he does
the show and Jason, so please go check it out
on YouTube. The On Sanchez Show, we had webinars that
we've done in the in the past year. We've put
(36:04):
that in our stanch has Gaunt Capital Management YouTube, so
if you need any educational topics, you can go check
it out there, and then again all social platforms Facebook, Instagram,
you can see the show and the brokerage on there
as well, and the normal Spotify Apple. If you go
on Spotify, you can actually watch the video of our
episode that we do on the show on there too,
(36:25):
so you get to see kind of the vlog portion
of it as well. So we hope to keep pushing
that and giving you guys more topics as we go
on to that are that sometimes we don't film on
KOH as well, different educational topics, So please reach out
to us let us know if there's certain things that
you guys want to learn about there's nothing too small
or too big to talk about.
Speaker 1 (36:44):
Yeah, yeah, no, I love I love that that comment
you just made, Bailey that if there's something, everyone wants
to talk about it. Again, this hour is for all
of you. It's not for me I mean or Jason.
We're here to help you right, to guide you and
be there for you. So again, if there's anything where
do you want to send the email of any questions
going forward?
Speaker 2 (37:04):
Yeah, go ahead and shoot me an email personally, Bailey,
B A I L. E. Y At Sanchez Gaunt g
A U n T dot com and anything. I have
no shame getting on here on live radio and asking
you questions that everyone probably has simple questions. So there's
nothing too big or small.
Speaker 3 (37:21):
Now that does.
Speaker 1 (37:22):
Just think it would be fun sometime, you know, as
you know, I don't take a lot of phone calls
on this show, but you would be fun would be
to have a video sec or a segment of the show,
maybe like Fridays or something where people could we could
send them an invite over over our video and they
could pop onto the screen and ask their questions. Wouldn't
(37:42):
that be great to have like a six or seven
people on this right now and Erwin can just instead
of phone calls, they're answered asking the questions right on the.
Speaker 2 (37:49):
Area here so much there's no better way to be
transparent with the public about exactly what you're thinking other
than to have them asking us the questions directly.
Speaker 3 (37:58):
Yes, absolutely, I love it.
Speaker 2 (37:59):
Yeah, shoot us a topic that you want to talk about,
and hopefully we can integrate that suit.
Speaker 1 (38:03):
Yeah, if we're want to be on the show or
something like that, Yeah, absolutely, I think that'll agree. Yeah,
all right, well we got Oh we'll call it a
minute or so. What's your final question for me?
Speaker 2 (38:14):
Oh, there's so much going on where let's get back
to the topic. You said that the market is doing
a nice tug of war. People are selling off because
they're getting scared. And I know you and Jason always
hit the topic of don't sell out of emotion, don't
don't get rid of your investments out of emotion. So
why don't we finish with just some encouragement for people
(38:35):
who are in the market, big, small, portfolios, whatever is
how long do they hold out before they make some
decisions or what should they be looking at before they
want to make a decision?
Speaker 3 (38:47):
Absolutely?
Speaker 1 (38:48):
All right, I got one minute. So I'm gonna summarize
this very quickly. Number one, always have a diversified portfolio.
Number two, use market weakness as a buying opportunity. Right,
You've got some great opportunities this week with some of
the big tech names that got beat up. Take a
look at them. Dollar cost average in you don't care
if the market's up or down. Take that one hundred
dollars a week, one thousand dollars a week, whatever you
can afford to do. Get it in there. Make sure
(39:10):
you're contributing to your four oh one k. It's coming
to the end of the year. You got till April fifteenth.
Start that ROTH contribution or that traditional IRA contribution. Look
at what your goals are, Bailey, to build your wealth.
Speaker 3 (39:21):
Right.
Speaker 1 (39:22):
I sent you you're balancing your four oh one K the
other day and you're like, oh my god, you know
you in your prime example.
Speaker 2 (39:28):
We have a free free asset for you guys on
our website as well. Are risk Calculator. You put in
all of all of your assets, what you're making now,
et cetera, and you can see generally what you'll need
for retirement.
Speaker 3 (39:41):
There you go.
Speaker 2 (39:42):
There's tools too.
Speaker 1 (39:44):
Dot Com beautiful, great job B All right, that's a blast,
Have a great week and everybody God bless.
Speaker 3 (39:48):
Happy Halloween happening Nevata Day. We'll see on Monday.
Speaker 1 (39:51):
John Sanchez is a registered investment advisor, and the opinions
expressed by Sanchez Gone Capital Management, LLC on the show
or their own and do not reflect the opinions of
News Talks seven eighty or its pairing company, Cumulus Media.
All statements and opinions expressed are based upon information considered reliable,
although it should not be relied upon. As such, any
(40:11):
statements or opinions are subject to change without notice. Information
presented is for educational purposes only, and does not intend
to make an offer or solicitation for the sale or
purchase of any specific securities, investments, or investment strategies. Investments
involve risk, and, unless otherwise stated orre not guaranteed.
Speaker 3 (40:30):
Information expressed does not take into.
Speaker 1 (40:32):
Account your specific situation or objectives, and is not intended
as recommendations appropriate for any individual. Listeners are encouraged to
seek advice from a qualified tax, legal, or investment advisor
to determine whether any information presented may be suitable for
their specific situation. Past performance is not indicative of future performance.
Good Friday afternoon to you. Welcome to the John Sanchez
Show on News Talk seven eighty k waits. It's a
pleasure to be with you. Mister gun is tied up
in meetings. I will be flying quasi quasi solo when
I say quasi because she may not be Securities registered,
but she could be. She can do everything else. She
runs all of our marketing. She's the producer of the
(00:26):
John Sanchez Show. She does it all. And I asked
her to join me this afternoon. My beautiful daughter, my
baby daughter, my baby girl, Bailey sanchis.
Speaker 2 (00:34):
What an intro. They get better and better.
Speaker 3 (00:37):
And it's all off the top of the head. It's
not like I'm.
Speaker 2 (00:38):
Looking at don't you I know it? You want a
good Christmas present? You're bumping up the hello.
Speaker 3 (00:45):
I want to, I want to. I want to present
from Qatar? Is what I want done?
Speaker 2 (00:49):
Deal?
Speaker 3 (00:49):
Yeah?
Speaker 2 (00:50):
This this?
Speaker 3 (00:50):
Uh so we'll share a little family secret.
Speaker 1 (00:53):
So Bailey is leaving Monday and rendezvousing with doctor Dennis
sand So he will not be joining us on Monday,
but I will still continue a AI subject because you
guys are going to be rendezvousing in the.
Speaker 3 (01:09):
Country of Qatar.
Speaker 2 (01:11):
Yes, we are to watch your nephew in the World Cup,
my cousin.
Speaker 3 (01:16):
Yeah, yeah, my nephew, your cousin.
Speaker 2 (01:18):
Yes, it is seventeen and Underworld Cup. How do you
how do you argue with that I couldn't pass up
the opportunity.
Speaker 1 (01:24):
Yeah, well, wait a minute here, let's let's let the
dirty family secrets out here, folks. Let me tell you,
and I'm sure many of you that are parents and
grandparents can relate to this, So let me let me
kind of line out how this whole trip unfolded. I
get a phone call from her. She's like, Dad, yeah, honey, hey,
I happen to notice. I happen to notice that you
(01:47):
have a bunch of points on your American Express card.
And Dad, we all know how much you hate to travel.
And I knew right then and there, here it comes,
here it comes. She goes, you know, your incredible nephew is,
as you know, just qualified for the seventeen and under
World Cup in Qatar, and I'm like, oh, guitar. So
(02:07):
this is how the conversation goes. Within five minutes she
has me closed. I gave up how many dollars worth
of the well, okay.
Speaker 2 (02:15):
Well for the listeners. Just so you know, John Sanchiz
will keep gift cards from the last ten years because
he won't even cash those in. So lord all knows
that the American Express points we're gonna go to waste.
So to be the good family member that I am, oh,
I had to test the waters in the Middle East
to go support obviously.
Speaker 3 (02:36):
Obviously not the Vegas, but to the Middle East. Yes,
And how much were all those points that I gave up?
Was the dollar value of that free as far as
we all know.
Speaker 1 (02:46):
Not you don't give me that salesperson, It was like
twenty three, twenty five hours.
Speaker 2 (02:53):
They actually.
Speaker 1 (02:56):
Twenty five hundred dollars worth that I give Yeah, okay,
all right, so I think at least you know a souvenir.
You know, I visited Qatar and you know my dad got.
Speaker 2 (03:07):
A classic mug, classic mug Middle East.
Speaker 3 (03:10):
Yeah.
Speaker 1 (03:11):
But talking to you, to your to your uncle Dennis.
One thing I learned, which I didn't know, is they
keep your passport when you land.
Speaker 3 (03:18):
Did you know about that?
Speaker 2 (03:20):
Did not? I thought I read up on everything. That,
of all things, just made my hands.
Speaker 1 (03:25):
Yeah, he in for me yesterday that when you land
you have to hand over your passport to the guitar.
Speaker 3 (03:29):
You know, government or whatever agency you know does that.
Speaker 1 (03:33):
So make sure you just can't leave whenever you want
to that On top of I heard it's ninety degrees
and ninety percent humidity, So yes, you have to wear that.
Speaker 2 (03:43):
Many countries in my life, and this will be one
that is the most unique to.
Speaker 3 (03:47):
Say, do you have to wear that? What's the thing
called the no?
Speaker 2 (03:51):
I have to have shoulders and knees covered. Tattoos will
obviously be covered. So that's the girl is going to
be sweating a little bit Italy. I'll come back a
few pounds lighter.
Speaker 3 (04:03):
All right, And who's producing the show while you're going?
Speaker 2 (04:06):
We'll go over that this weekend. Father to press the
record button?
Speaker 3 (04:09):
Oh gee, you really you're gonna trust me to do that?
Speaker 2 (04:13):
Sorry to all the listeners if it's in and out
and bad service and all the things. He's trying his best.
Speaker 1 (04:20):
Jack Saban, help me, brother, help me, Jack Saban, Help me,
Jack Saban. I thought your older sister was going to
be the producer.
Speaker 3 (04:25):
Now that felt.
Speaker 2 (04:26):
We'll handle that when we handle that.
Speaker 3 (04:30):
Happy the Bata day, all right, all right? I hear it,
I hear it in your voice.
Speaker 1 (04:35):
Yep.
Speaker 3 (04:36):
So why are you joining me today?
Speaker 2 (04:38):
I mean, why not? We always have the best conversations,
so I think, I mean, you're going to talk about
the week on Wall Street per usual, But I like
to come in with the general questions that I feel
like a lot of other people have, considering I haven't
been in the industry per se like you have or
Jason has. So I like to kind of bring the
aspect from the listener who doesn't know all the deep
(05:00):
down details like you guys do, and ask the questions
that they might be thinking.
Speaker 1 (05:04):
So, in other words, you're twenty nine years old. Now
all those say you moved out at what eighteen nineteen? Really,
how old were you?
Speaker 2 (05:11):
I moved out at seventeen, thank you, seventeen.
Speaker 1 (05:14):
So for seventeen years sitting at the kitchen table discussing
the markets and the business, all that went in one
inter out the other, that's what you're saying.
Speaker 2 (05:21):
I mean at seventeen, I had way different priorities, and.
Speaker 3 (05:25):
Lord knows, you had no plan of being in this business.
Speaker 2 (05:28):
But here I am. You're welcome. You are welcome.
Speaker 1 (05:32):
Oh you little spitfire, you little spit fire, all right,
all right? So you're going to be throwing and folks
have no idea what she's going to be talking about
after I do the stock market recap, But you're just
gonna be throwing a bunch of kind.
Speaker 3 (05:43):
Of journal questions. I think it's a good idea, yeah,
kind of yeah.
Speaker 2 (05:45):
N I say, we touched on the big topics of
the week and all ask questions that I think a
lot of people might have who aren't in the industry, like.
Speaker 3 (05:51):
Fake media and Israel and all the things that float
your boat. Tinfoil hat is exactly coming to you.
Speaker 1 (06:00):
I'm a from a cave in the middle of the
Thata desert. Yes, all right, well, I guess I'm looking
forward to But anytime I get to spend time with you,
I enjoy it, and I cher I cherish it. I
cherish especially since you're gonna be gone for ten days
and so forth, and we've got this time different, so
you know, don't expect you're still on payroll where you're gone.
(06:20):
Don't expect, because right you're not taking true vacation time
because you said you're gonna work the whole time, So
that means I can call you in my normal times,
even though it's what eleven hour time differ t hours?
Speaker 2 (06:30):
Ten hours?
Speaker 3 (06:32):
Okay?
Speaker 1 (06:32):
Cool?
Speaker 2 (06:32):
Anyways, Happy Friday, folks. My hands are double sweating.
Speaker 1 (06:37):
If you're a true, true employee and dedicated, you would
still be producing this show.
Speaker 2 (06:43):
Okay, yeah, one am, yes.
Speaker 1 (06:45):
Yes, exactly exactly. That's dedication for you, of course. All right,
well we'll figure it out one way or the other.
Alrighty folks, Well enough of the goofing off. It is Friday.
We do always like to lighten things up just a
little bit, because Lord knows, I am tired. You are tired,
Bailey's tired. Everybody's tired. Spend a long, long week on
Wall Street. But you know what, that's okay because we're here.
(07:07):
We get to spend my favorite hour the entire day,
which is when we all get to get together and
talk about this great thing called Wall Street and the
craziness going on in the economy. So it looks like, Bailey,
you know, the first thing, it looks like we're I mean,
see we were what day thirty one today I think
is day thirty one of the government shut down. Thirty
three is the record, So sincerely doubt we're going to
get the government open on Sunday. So it looks out
(07:28):
we'll probably be able to set a new record of
the longest government shutdown in history. That's one thing we
deal with.
Speaker 2 (07:33):
There's a lot of questions that I have for you
on that topic. Now right hold on those break yep,
Oh boy, a lot of questions.
Speaker 3 (07:40):
All right, Well, let me tell you what we do
have lined up again.
Speaker 1 (07:42):
We're gonna be breaking down what happened the week on
Wall Street, as we do each and every Friday.
Speaker 3 (07:45):
We had big tech earnings. This week, we had surprise layoffs.
Speaker 1 (07:48):
We had interest rate signals that, let's just say, have
investors a little confused. Look, you were on the show
last night, you were behind the scenes, but did you
see poor Dwight. You know, we get this FED interest
straight cut this week, and Dwight's like, wait a minute,
I mean again, John, You know, FED gives us an
interest straight cut and mortgage rates sore.
Speaker 3 (08:07):
Let me see where it is real quick.
Speaker 2 (08:10):
He had hit Friday three times.
Speaker 3 (08:13):
This yeah it it did. Yeah.
Speaker 1 (08:15):
Six twenty eight is where we closed on the thirty
year mortgage. According to Mortgage News Daily, it was down
five basis points today. But again we're at six thirteen
Bailey earlier in the week, right before the fit interest
rate decisions, big big jump up on mortgage rates. So yeah,
the poor guy, you know, just feeling the brunt of it,
along with other other mortgage professionals. So but you know, again,
(08:36):
that'll be one of the many things that we talk about.
So let's get down first of all, to what the
heck happened today? Well, it was somewhat of an unusual day.
It was a day I'll be honest with you that
I had a lot of optimism in. And the reason
I say that is because yesterday, of course, not long
after the stock market closed, we had release of earnings numbers.
Out of two major names, we had Amazon and we
had Apple, and both of those companies far surpassed Wall
(08:59):
Streets expect. They gave great guidance. It was everything you
wanted to hear. The stocks started moving up in the
after hours. I mean, Amazon yesterday, if I remember, was
north of twenty dollars and Apple was up over six
seven bucks right around there. Didn't quite hold that way.
Small game on Amazon to how we finished up eleven
dollars in ninety one cents fifty seven to sixty excuse.
Speaker 3 (09:19):
Me, pardon me, let me back up. I apologize.
Speaker 1 (09:21):
Amazon up twenty one dollars and eighty two cents, nine
point seventy nine percent to two forty four to sixty
eight Apple. That's when I was starting to say down
a dollar fifteen, So went for that game negative to
close at two.
Speaker 3 (09:32):
Seventy twenty five.
Speaker 1 (09:33):
Baileeve this market has as a strange twist to it
right now, and I think it's really remember when you
were a kid and you'd play, let's say, tugle war
right with your friends in the front yard. It's kind
of what it's going on right now. You got the
bulls on one side, you got the bears on the
other side. They're tugging right now and going, wait a minute,
AI's overvalued.
Speaker 3 (09:52):
Or maybe it's not.
Speaker 1 (09:53):
Or look at all the money that these companies are spending,
or look at the layoffs that Amazon announced this week
in its tug of war, back and forth and back
and forth. And the easiest thing when you get into
a market condition, Bailey, like we are in right now
where markets are nearing you know, all time highs as
we hit you know, just a couple of days ago
on all the major averages, the easiest thing when you're
confused and you got this tuggle war going on is
to sell and say, you know what, I'm going to
(10:14):
take profit. I'm going to sit to the sidelines, let
this market kind of cool down. And I really think
that's the best way that we can summarize what happened
this week, because it was a week that, you know, theoretically,
I had a lot of optimism. I had a good
feeling Amazon was going to do well on Ernie's, had
a good feeling Apple was going to do well.
Speaker 3 (10:29):
But I also had a.
Speaker 1 (10:30):
Good feeling in the market, which we're going to do
well because of President Trump and President she Right, they
met on Wednesday night, our time, and geez, they hardly
got any you know thing written about them. It's like, oh, okay, yeah,
they talked about rare earth and China's going to open
up the rare earths a little bit. And Trump dropped
his one hundred percent fitinel tariffs. You know, so now
we're down to forty seven percent tariff. But beyond that,
(10:52):
market did not even budge on it. So that's what
I'm saying. That's the best analogy that I can explain
to you and to everybody else. It's just we just
got this tug war, noting not saying anything's good. We're
just kind of stuck right now. And I think we're
really lacking conviction at this point.
Speaker 2 (11:05):
I think when we come back from break, I would
love to pick your brain on is it assumption that
with all of this AI new news on AI coming out,
is it set in stone that these markets are up
and down because of that. I know that Amazon had
all those layoffs. Did they directly come out and say, hey,
this is because of this new technology, we don't need
these people anymore. Or is it just the assumptions because
(11:27):
I think we're all reading the same headlines at the
end of the day, and AI is front and center,
of course, but is there really other stuff behind the
curtain that's driving these changes so rapidly?
Speaker 1 (11:37):
Beautiful? Love to answer that question. Hey, this is gonna
be fun. Someone gets asked me a question.
Speaker 3 (11:41):
So I like that. I like that. I think that's
the idea of been radio show host. Right, all right,
so let's set tight.
Speaker 1 (11:48):
All right, let's start over to a wonderful, absolutely incredible
Christen Snow She's in the right now traffic center.
Speaker 3 (11:53):
Hello, Kristen snow.
Speaker 1 (11:59):
Welcome back to the John Sanchez Show on News Talk
seven eighty k O, which mister Gunn is in meetings.
I have my daughter, beautiful Bailey Sanchez, joining us, our
director of marketing at Sanchez gun All right again, this
is gonna be really fun. I have no idea what
Bailey's gonna be asking me throughout the show, but I
think it's wonderful to get her questions and perspective as
a twenty nine year old businesswoman in this world. You
know what she seemed, because it's obviously different than than
(12:21):
things Jason and I see and worry about, and.
Speaker 3 (12:23):
So on and so forth.
Speaker 1 (12:24):
But first of all, here's a snapshot of where we
finished a forty one point game on the Dow was
all again, it was a volatile session. We closed at
forty seven five sixty two. Now Zach grows one forty
two point sixty one percent. Smpup eighteen or point twenty
six percent for the day. Oil was up thirty nine
cents to sixty seventy five. A barrel goal gave up
nineteen dollars and seventy cents to a close at three thousand,
nine ninety six an ounce and up one basis point
(12:46):
on the tenure to a close of four point one
for the week, up ten basis points on that yield.
Speaker 3 (12:52):
All right, miss Sanchez, the floor is all yours.
Speaker 1 (12:54):
I'm gonna sit back and you're going to fire off
questions between now and about five fifty seven this evening.
Speaker 3 (13:00):
So let's go to the first one.
Speaker 2 (13:02):
Put me in training for when you retire.
Speaker 3 (13:03):
Huh, there you go, There you go exactly.
Speaker 2 (13:06):
I think the common thing that you and Jason and
the guys have been talking about all week again is
Amazon had all these layoffs, right, and Mark is back
and forth this tug of war with the overall theme
thinking that this is because people see these AI headlines,
AI is taking over do all these layoffs with these companies,
and then so it's changing the markets. But is that true?
(13:27):
Is that sentence stone? Did they come out and say
AI is changing Amazon right now and that's why we're,
you know, releasing all these employees. Is this sentence stone
or these assumptions that we're all making just from seeing
the same headlines week after week about AI?
Speaker 3 (13:41):
Yeah, great, great question.
Speaker 1 (13:42):
Let's tackle Amazon specifically and then other companies in general. Okay,
so you're absolutely right, when Amazon released the Ernie's numbers
Wednesday after the close, and actually a day or so
before that they announced the well, let's go back actually
to Monday, if memory serison correctly, the news broke that
Amazon was going to lay off thirty thousand employees.
Speaker 3 (14:02):
Now that sounds like a lot, but I mean you're
talking to.
Speaker 1 (14:04):
Company with what three hundred and twenty five thousand employees,
and it was just in the corporate office, Bailey, So
at that point there was I think it represented roughly
ten percent of their corporate workforce right at thirty thousand.
When it finally happened on Wednesday, if I remember right,
it was only fourteen thousand, but still substantial some of employees.
(14:26):
And everybody's assumption is exactly what you thought, which is
they're doing this because of AI. I mean, we know
how much AI is entrenched in Amazon, and they're you know,
one of the market leaders there with Amazon Cloud and
so on and so forth. AWS. But it was funny
the Andy Jeffrey, the CEO, came out when he was
on the analyst conference call on Wednesday and specifically said
(14:51):
the layoff had nothing to do with AI.
Speaker 2 (14:53):
You know.
Speaker 1 (14:54):
His answer was, we were beloaded. We had excess personnel
from the covid era. We overhired during the covid erea.
Now you and I have a lot of discussions about
fake news, yes, and I think this was a prime example.
Love the company, not bashing. He's a great CEO, but
I'm hearing it way too often. This is what companies
(15:15):
are seeing because Bailey, in my opinion, they don't have
the guts as a CEO to come out and say,
guess what, a machine just took five jobs, a machine
just took ten jobs. Instead, it's more humanistic to come
out and go, hey, we over hired, right what companies
only we overhired?
Speaker 3 (15:32):
We just got to let people go.
Speaker 1 (15:34):
In reality, I mean, my guess is I don't know
the corporate office setup of Amazon, but my guess is
it was AI. They just don't have the guts to
come out and say that. And again, this is very
very common or what we're seeing right now. Very few
companies if you get into some of the tech companies
Bailey like like Salesforce. We had it this week with Meta, right.
Meta has this metal labs right where they create the
(15:56):
just kind of crazy projects. Right, and now you know
lost what four billion dollars this year or something, and
they laid off I think it was what six hundred
people or something out of there, and everyone's like, whoa,
this is kind of the AI lab, you know, the
fancy glasses that have AI and you know, on and on,
and they'll be the first admit, yeah, AI's taking jobs.
Speaker 3 (16:13):
Right.
Speaker 1 (16:14):
So it really I think depends upon which industry a
company is in of how they're going to depict that
to the public, right, because you take a company like
Amazon or anybody that's not one hundred percent pure tech,
and they need to walk this fine line of not
looking like this gargantuan giant that has no soul, and
instead they're going to say, hey, you know what, we're
(16:35):
just overblowed.
Speaker 3 (16:36):
We got to let people go.
Speaker 1 (16:37):
And oh I should mention also that they did offer
supposedly a lot of these people jobs in other parts
of the company. Generally, what I've seen when companies do that,
very few people take them up on that because you
requires a completely different department and position than what you
want and usually requires you moving and on and on.
So most people's got, you know, give me my severance
and I'm out there, well, let.
Speaker 2 (16:57):
Me stop you right there. Here's my question. This may
be a very black and white question. You said the
layoffs were in the corporate headquarters, correct, So if AI
is taking over or they hired too many people, it
just doesn't seem like the puzzle pieces are adding up.
If they hired too many people in the warehouse and
they replaced them with AI, I could understand that that
makes sense for that area of the business to be
(17:19):
taken over by technology. Less people on the ground, more
robots moving around with packages right in corporate headquarters. It
seems you've had your essential. We'll just throw out a
number one hundred positions that run the company, regardless of COVID,
of whatever situation is going on. So are we is
AI taking over those corporate positions inside of the office
(17:44):
or how did you hire that many extra people in.
Speaker 1 (17:47):
Front of And I've always said that, and I was
telling the story to a friend yesterday brought this exact subject.
It was so funny you ask about it, and I said,
you know, shame on to pick on Amazon, Shame on
their CFO for going with COVID. Ended what twenty twenty
two is here? We are three years later, going three
years and you're over below you're you're beloaded in personnel.
(18:10):
I mean, that's a lot of money. That's a lot
of money. So that's why I don't believe that that's it.
So go back to your first question, or your question
a moment ago, which is did AI take it over?
I believe in my heart of hearts yes, because you
think about I mean, I get I don't know app
Amazon's corporate structure, but I visualize a lot of financial
analysts and treasury people, and you know, so on and
(18:32):
so forth. Bailey's we see with major Wall Street firms.
I mean every one of the firms have admitted, you know,
so like Goldman Sachs, our friends of Goldman Sachs. They've
shed lots and lots of jobs because of AI.
Speaker 3 (18:43):
You know it.
Speaker 1 (18:44):
You know, if your dream, Bailey at twenty nine years old,
was to go back to school and go get an
NBA from Harvard or Yale one of these big Ivy
League schools and go Dad, I need I want you
to help me get a job on Wall Street, I
would say, Bailey, I can't help you. Right as long
as I've been doing this, I can't help you because
those those jobs, those junior analysts they call them. Coming
out of college, even from a big, you know, NBA school,
(19:07):
it's a challenge for them because all that kind of
grunt work that a new finance employee does, AI is
doing it for basically no cost and a million times
the speed. So I use that same logic in a
corporate setting Amazon or anybody else. A lot of those
financial analyst type of jobs like an NBA would would
would occupy again, you can do it with AI. So
(19:29):
I just think we're not being told the truth by
a lot of companies that AI really is the reason.
And it's as we've all said, especially with your uncle
joining me on Mondays, it's just the beginning, folks. This
is why we're so pushing for people to start thinking
about solo airepreneurship right because this is just the beginning
of what we're going to.
Speaker 2 (19:47):
See and coming from not only the consumer side, but
also somebody who tried to open a brick and mortar
clothing store at the beginning of COVID right one. I
closed my business solely because through COVID, everyone got so
comfortable ordering any consumable item through technology, through Amazon, things
(20:07):
like this, and it has only become habitual patterned with
now to do that, there's less and less people walking
inside of a business to buy something I even rely
on like Walmart pickup, Right, I don't even want to
walk in there, and so it just does if you're
overbloated in personnel and Amazon because of COVID. I'm sorry,
(20:30):
but maybe this is ignorant of me, But it only
seems like that side of the business is growing and growing.
It seems you should be adding more people. So this
is only tying into yours and I speculation. I think
that is potentially not completely the truth, that it's not
technology taking these jobs. That if that's why, you're really right, But.
Speaker 1 (20:48):
Let's let's before we go to break here, let's let's
strip a few layers off this onion here, right, it's
it's your point is here. You got one of the
top technology companies slash consumer companies.
Speaker 3 (20:58):
Obviously in the world we all use am is on.
How did they not know? Right? How do they not
doing this? What you have to realize too is.
Speaker 1 (21:08):
Every publicly traded company Bailey is under significant pressure from
Wall Street to perform quarter after quarter after quarter. Right,
if their earnings were three dollars a share, of this quarter,
By gosh, they better be at least whatever three dollars
and five cents next quarter. If they don't, Wall Street,
as we saw this week with Microsoft and Meta, they're
(21:30):
gonna put us the stock. They're gonna sell the heck
out of it and cost the company billions of dollars.
So this pressure that's on these companies As an investor, Bailey,
I mean, you own stock. As an investor, do you
really care if one of your companies grew their earnings
because they got rid of two thousand out of their
five thousand employees or do you even care?
Speaker 2 (21:52):
Right, you're sticking your head back at the end of
the day as long as I see that price going
up on this and as Heartless says, it sounds, I
don't sure what you say. At the end of the day.
As long as you see your portfolio growing, you actually
will not go.
Speaker 1 (22:06):
And that's the logic, and that's exactly the logic. So
you answer that as a retail investor, but you may
magnify that towards you know, Wall Street and an institutional level,
and it's even more pressure if you're a PINCHI plan
out there. They don't give a dog on if you
fired people because AI took over, They're like, yeah, because
we all know as business owners, your biggest expense for
most of us is payroll, plain and simple. So if
(22:26):
you can reduce that, that has an immediate impact to
the bottom line, to the earnings for sure, to the
overall you know, everything, as long as you don't lose
a step, which companies like an Amazon don't tend to
do that because AI is making it more productive. And
I mean, Bailey, it's gone so far as I don't
think you and I ever really touched on this, but
(22:46):
I think it was right after covid d it. You know,
Amazon went on this path where they started aloud and
I the name excasing, but where you can open basically
your own Amazon delivery business.
Speaker 2 (22:58):
I had heard about that.
Speaker 1 (22:59):
Yeah, and you see, matter of fact, a majority of
what you see, like around our homes and things like that,
that's these contractors, right. So I had a lot of
clients inquire about this when Amazon opened this up. So
you go to Amazon, you apply, you have to have
you know, certain criteria to meet, They approve you, and
then you lease you know whatever, twenty vans from them
(23:19):
and warehouse space and on and on and on, and
now you're a delivery company for Amazon. You have their logo,
it's their vans and that type of thing. I read
this article the other day in the Wall Street Journal.
Many of these guys in gals are giving their businesses
back to Amazon.
Speaker 3 (23:32):
They're like, we can't afford it.
Speaker 1 (23:34):
There's not enough profit left for us because Amazon is
putting the screws to them so tight.
Speaker 3 (23:41):
I mean, you live on the ranch.
Speaker 1 (23:43):
You know. We have a semi truck. I get advertisements.
Literally has got one today from Ama. Was it called
Amazon load or something where Amazon wants to hire. They're looking,
They're desperately looking for trucks right to haul their trailers
and stuff like that. Again, I asked a friend of
mine about it. He's like, my god, that was the
worst thing I ever did because I made no money.
I mean very stringe to go from point A to
point B by this time, and I made no money.
(24:05):
So the idea is Amazon is very tight. Picking on Amazon,
They're very tight with their money, so they're going to
do whatever they can do enhance that bottom line, whether
it's job layoffs through AI that they're not willing to admit,
or whatever the case is.
Speaker 3 (24:16):
And every corporation. Bailey's that way.
Speaker 1 (24:18):
It's all about the bottom line because they have to
report to the ultimate client, which is Wall Street.
Speaker 2 (24:23):
Right. Absolutely, I think the best thing that anybody can
do is secret technology taking over. Just don't lie about it.
You already know what's happening.
Speaker 3 (24:31):
Yeah, don't adopt it, as we.
Speaker 2 (24:33):
Say, it shows how advanced you are. Just be truthful
with people, because I'd much rather invest with the company.
Speaker 1 (24:41):
That's a good point. That's a good point. All right,
We'll continue on with Bailey's questions when we come back.
Let's turn over to Jack Saban. He's got news traffic
whether Ajack. Welcome back to the John Sanchez Show on
Newstalk seven to eighty KOs with my daughter Bailey Sanchez.
Jason is a tied up in meetings at this point.
Happy Friday could week into all of you, and again,
Happy Halloween, Happy Nevata Day.
Speaker 3 (25:02):
Happy Nevataday.
Speaker 1 (25:03):
Yes, well officially tomorrow, right, do well we consider today
Nevada Day, I believe, yeahs tomorrow.
Speaker 3 (25:11):
Yeah, Okay, only been to one of those that was enough.
Speaker 2 (25:16):
And you are come on, no.
Speaker 1 (25:17):
It was all you're drunk, you know what. Friends that
did not make it. Well, your brother's drunk friends that did.
Speaker 2 (25:22):
I was going to say, you're looking at the wrong child.
Speaker 3 (25:24):
Yeah, that's true. All right, forty one point game on
the Dow is how we finished? One?
Speaker 1 (25:29):
Forty two rise on the NASDA, can up eighteen on
the S and P five hundred.
Speaker 3 (25:33):
All right.
Speaker 1 (25:33):
Well, I've given an open forum to this wonderful twenty
nine year old to hear from, you know, her perspective
with her generation's wondering about as far as Wall Street
and investing in the economy and so on and so forth.
Speaker 3 (25:44):
So I don't know what she's gonna ask. So Bailey,
go to your second question.
Speaker 2 (25:47):
Let's get the next obvious headline of this government shutdown.
You shared a statistic with me earlier. This is costing
seven billion dollars a week that we are shut down.
You said, we're almost at a new record for the
longest government shutdown. Of course, both sides are collecting their
paychecks still.
Speaker 1 (26:08):
Oh, you mean the politicians that are keeping the government
shut down the Yeah, yeah, yeah, absolutely.
Speaker 2 (26:14):
So here's a general question that I think everyone wonders
all the time. How is this going to affect us
as a normal citizen with this much money? Being spent
on a government shutdown? What does that look like for us?
Because it's not them paying it back, It is solely
the citizens paying back for their decisions per usual. What
does this look like going forward? If they say they
(26:36):
opened up tomorrow and we did thirty one days of shutdown,
how do we pay that back?
Speaker 1 (26:42):
Well, you'll never get it back now. Of course, the
biggest impact, Bailey is the furlowing of the government employee. Right,
they don't get their paycheck. They're not getting their paycheck.
We're seeing air traffic controllers walking off the job and
TSA people and things to disrupt services that we all need,
right my government businesses and jobs and obviously.
Speaker 3 (27:04):
Airport and so on and so forth.
Speaker 1 (27:07):
So those people, at least the way it's written, even
though Trump has threatened the opposite, will get their back
pay when that happens. Now, let's play a little mind
game here. Let's say you're a government worker. Unlike most people,
you love paycheck to paycheck. Right, So you've now essentially
gone almost the entire month of October with no paycheck. Well,
(27:29):
when you call up your lender and say I can't
make my mortgage payment, some lenders are I've heard offering
some programs. They're not going to eliminate that October mortgage payment. Generally,
what they'll do is they'll they'll take it and they'll
put it at the end of your loan. That way
you get to pay interest on that extra payment. Right,
So I don't think they're doing a great thing for you.
(27:50):
So you can't make your car payment, can't make your
credit cards, you can't make your mortgage payment. But oh,
by the way, and then you know, again for those
that connect collect the snap benefit, you're not gonna be
able to get that effective tomorrow.
Speaker 3 (28:02):
So you're gonna see a lot of people just.
Speaker 1 (28:05):
Clamoring for the basics of life, food shelter, that type
of thing. So depending upon again, day, thirty three days
is our record. It looks like we're going to surpass that,
so Monday would be what thirty four days, So we're
gonna set a new record on this, But it depends
on how long it lasts, Bailey. So you know it's
costing the economies, as you said, seven billion dollars a week,
(28:27):
roughly thirty billion in a month. And so can you
make that back? I don't think you can. So again
back to My analogy, Bailey, if you if you're a
government worker and you haven't been paid for a month,
and somehow, some way, maybe you had enough savings or
your creditors are allowing you to postpone these payments, you know,
till you get paid whatever.
Speaker 3 (28:46):
Guess what what are you not doing right now?
Speaker 1 (28:49):
You're not going to the grocery store at five o'clock
when you get off of work. You're not going to
jcpenny and you know, buying a new winter wardrobe.
Speaker 3 (28:56):
Right.
Speaker 1 (28:57):
So that's where it costs the economy is people just
freeze up because they have no money to do it.
You can't get that back because I guarantee if if
Monday morning the government shutdown ended and they paid you
back your whatever four thousand dollars for the month, what
are you gonna do. I've got bills, I got to
back bills, I've got to pay. So you see, you
never really make up for the economic loss.
Speaker 2 (29:17):
So how are these big businesses not not breaking down
the door to these politicians and saying look.
Speaker 3 (29:22):
No, no they are okay.
Speaker 1 (29:24):
United or the airline CEOs met with JD Vans yesterday.
It's exactly this, say look at you, you know this,
This shutdown is costing air traffic controllers to walk off
the job. They're exhausted, they're not getting paid, et cetera.
I mean, you know we saw just last week what
LAX was shut down for about four hours. Burbank a
few weeks ago was shut down. You're seeing this across
(29:44):
the country, so that that hammers commerce. I mean there's
a lot of money, as you know, being spent on
air travel. Well, if it's diminished, people aren't traveling. Guess
what there goes that money. So yes, these CEOs, bail
and various industries are sitting down with the various members
of the Trump administration saying get your act together and
get this country open because it's costing us right right.
Speaker 2 (30:03):
And it comes to a point where I know this
is very tinfoil half of me, but this is how
I always think, And it's like, when do we come
to an uprising of the American citizens having enough is enough?
We can't afford it.
Speaker 3 (30:15):
Come that too.
Speaker 2 (30:16):
Middle finger up to you guys, let's I don't know,
destroy your property like you're destroying our lives. What does
that look like if this continues on solely because nobody
can come to me.
Speaker 3 (30:26):
I honestly don't think we're far from that. I really don't.
Speaker 1 (30:28):
I mean, if this thing drug on sixty to ninety days,
I think you could. You're referring basically to rioting in
the street, right, because I agree, and that's why I
have said. I've had a lot of friends over the
years that are politicians, and I detest politicians, love all
of you as human beings. But I did test your
profession because you no matter what, no matter what level
(30:51):
you are, local or all the way up to the president,
you have one person you're concerned with. Don't tell me
you're concerned about your constituents. You are concerned about getting
re elect at whatever cost. That It is the first
time that I found, all to say, a high falutin
local politician, very high up, went to his house and
(31:15):
multimillion dollar house, and found let's just say, millions of
dollars worth of assets that were sitting there. And I'm
thinking to myself, you make one hundred and eighty thousand
dollars a year as your position, how do you afford
this multi million dollar lifestyle. It's because of all the
people that buy these politicians off. I hate, I hate,
I hate when they use the American people as a pawn.
Speaker 2 (31:39):
And it's even worse when not to stay treble. So
much of your generation or older still believe that the
government potentially has us, has our best interest at heart.
You know, people who were very stuck in their old
school ways. And I know even you and I go
back and forth on conversations of new things that are happening,
and you're like, you're crazy for thinking this, and like
(31:59):
Dad opened your rise to this, and so I crazy.
I just pictured, just like COVID times, the looting is
going to start again, the rights in the street, destroying
of businesses that already cannot open because nobody is being paid.
So what does this look like in the next few months,
especially leading into Christmas? This may be the most devastating
(32:21):
numbers that businesses see in how long, probably maybe since
COVID or before, because nobody has money to even buy
a turkey for Thanksgiving or a gift for Christmas. So
I mean, of course we'll never get answers on anything
or that they even care about how this will affect anyone.
But it's just I'm sure the normal thing that everyone
(32:42):
is thinking right now, what that looks.
Speaker 1 (32:44):
Like in the problems is everybody's afraid to say anything
about it. But if you got them into a private room,
as I do a lot of times, yeah, you'll find
out that no matter what side of the aisle that
you're on, you're frustrated what's going on in Washington because
it's it's not fair. As I always say that, you're
playing with people's lives. You're whatever you guys and gals
do behind closed doors, that's your business.
Speaker 3 (33:03):
I don't care.
Speaker 1 (33:04):
I've been asked to go into politics a million times,
and every time I turn them down. I would never
ever get into politics. I can't stand it. It takes
too long, it's beloaded, and again, I care about people.
I would never make it right. But whatever you guys
do in Washington, do it, but not at the expense
of our hard working men and women of this country that,
damn it, go to work every damn day. Every day
(33:27):
they go to work, they're trying to put food on them,
they're barely making it getting a paycheck, and now you
just yank their paycheck out, and they're.
Speaker 3 (33:32):
Like, what do I do? What do you want me
to do? I chose a profession that was supposed to
be the safest, most steady profession.
Speaker 1 (33:41):
I've forgotte going into the private sector so I could
go public.
Speaker 3 (33:46):
Right.
Speaker 1 (33:47):
My parents told me, hey, go to work for the government.
You'll get a pension, you never worry about missing a paycheck.
And look at these people now, and.
Speaker 2 (33:54):
Look they're winning even more because of how tight and
everyone is into social media, and they have played it
so well that it should be read versus blue. Let's
get everyone like puppets to hate each other because of
this shutdown, and at the end of the day, we're
all the same people, believe. I wonder that.
Speaker 1 (34:09):
Imagine if there wasn't a Republican or a Democrat, how
great would this country be? Bailey? If there was let's
just say whatever, no party, right, and the people were
controlling it, not politicians, We as a people were voting right,
how simple would it be?
Speaker 3 (34:22):
All Right?
Speaker 1 (34:22):
Somebody says, all right, you want to vote on this topic. Great,
everybody votes okay, Great, the country agreed on this. Not
a politician who quote quote represents my vote. You don't
know what I'm thinking, and.
Speaker 2 (34:32):
I want I hope every hope everyone remembers. When you
sit on Facebook and you get mad that someone on
the opposite Aisle is saying something that pisss you off,
and you say, I hate those Republicans, Democrats, whatever it is.
Remember at the end of the day, they're winning. When
you fall into that, it is a responsibility to all
come together. We're all one that are all being played.
(34:54):
So we all have to team up together to absolutely
find it.
Speaker 1 (34:58):
Somehow team up and push the politicians out and watch
us see how create this country would.
Speaker 2 (35:03):
Be foming at the mouth.
Speaker 1 (35:05):
That's right, that's right, all right, we'll start this new movement.
Let's wrap it up with Jack Saban right now, traffics.
All right, excuse me in the I'm sorry, Christen. I'm sorry, Christen.
You start giving me going in politics and I just
I lose all train of thoughts. So I apologize, my
dear Christmas. No right now, traffic center. Welcome back to
(35:26):
the John Sanchez Show on News Talk seven eighty k
wah Again. Jason out this afternoon and meetings, joined by
my daughter Bailey Sanchez, director of Marketing Sanchez Got Capital Management.
I'm going to give you the opportunity, miss marketing manager,
tell the audience how all the great things you've done
to to promote this show. Saj our wonderful family here
at News Talk seven eighty k wh.
Speaker 2 (35:43):
Yeah, we've really put in the effort the last few
months building out our YouTube channel to really integrate the
video portion. It makes a little bit more personal. You
can see John smiling face every day when he does
the show and Jason, so please go check it out
on YouTube. The On Sanchez Show, we had webinars that
we've done in the in the past year. We've put
(36:04):
that in our stanch has Gaunt Capital Management YouTube, so
if you need any educational topics, you can go check
it out there, and then again all social platforms Facebook, Instagram,
you can see the show and the brokerage on there
as well, and the normal Spotify Apple. If you go
on Spotify, you can actually watch the video of our
episode that we do on the show on there too,
(36:25):
so you get to see kind of the vlog portion
of it as well. So we hope to keep pushing
that and giving you guys more topics as we go
on to that are that sometimes we don't film on
KOH as well, different educational topics, So please reach out
to us let us know if there's certain things that
you guys want to learn about there's nothing too small
or too big to talk about.
Speaker 1 (36:44):
Yeah, yeah, no, I love I love that that comment
you just made, Bailey that if there's something, everyone wants
to talk about it. Again, this hour is for all
of you. It's not for me I mean or Jason.
We're here to help you right, to guide you and
be there for you. So again, if there's anything where
do you want to send the email of any questions
going forward?
Speaker 2 (37:04):
Yeah, go ahead and shoot me an email personally, Bailey,
B A I L. E. Y At Sanchez Gaunt g
A U n T dot com and anything. I have
no shame getting on here on live radio and asking
you questions that everyone probably has simple questions. So there's
nothing too big or small.
Speaker 3 (37:21):
Now that does.
Speaker 1 (37:22):
Just think it would be fun sometime, you know, as
you know, I don't take a lot of phone calls
on this show, but you would be fun would be
to have a video sec or a segment of the show,
maybe like Fridays or something where people could we could
send them an invite over over our video and they
could pop onto the screen and ask their questions. Wouldn't
(37:42):
that be great to have like a six or seven
people on this right now and Erwin can just instead
of phone calls, they're answered asking the questions right on the.
Speaker 2 (37:49):
Area here so much there's no better way to be
transparent with the public about exactly what you're thinking other
than to have them asking us the questions directly.
Speaker 3 (37:58):
Yes, absolutely, I love it.
Speaker 2 (37:59):
Yeah, shoot us a topic that you want to talk about,
and hopefully we can integrate that suit.
Speaker 1 (38:03):
Yeah, if we're want to be on the show or
something like that, Yeah, absolutely, I think that'll agree. Yeah,
all right, well we got Oh we'll call it a
minute or so. What's your final question for me?
Speaker 2 (38:14):
Oh, there's so much going on where let's get back
to the topic. You said that the market is doing
a nice tug of war. People are selling off because
they're getting scared. And I know you and Jason always
hit the topic of don't sell out of emotion, don't
don't get rid of your investments out of emotion. So
why don't we finish with just some encouragement for people
(38:35):
who are in the market, big, small, portfolios, whatever is
how long do they hold out before they make some
decisions or what should they be looking at before they
want to make a decision?
Speaker 3 (38:47):
Absolutely?
Speaker 1 (38:48):
All right, I got one minute. So I'm gonna summarize
this very quickly. Number one, always have a diversified portfolio.
Number two, use market weakness as a buying opportunity. Right,
You've got some great opportunities this week with some of
the big tech names that got beat up. Take a
look at them. Dollar cost average in you don't care
if the market's up or down. Take that one hundred
dollars a week, one thousand dollars a week, whatever you
can afford to do. Get it in there. Make sure
(39:10):
you're contributing to your four oh one k. It's coming
to the end of the year. You got till April fifteenth.
Start that ROTH contribution or that traditional IRA contribution. Look
at what your goals are, Bailey, to build your wealth.
Speaker 3 (39:21):
Right.
Speaker 1 (39:22):
I sent you you're balancing your four oh one K the
other day and you're like, oh my god, you know
you in your prime example.
Speaker 2 (39:28):
We have a free free asset for you guys on
our website as well. Are risk Calculator. You put in
all of all of your assets, what you're making now,
et cetera, and you can see generally what you'll need
for retirement.
Speaker 3 (39:41):
There you go.
Speaker 2 (39:42):
There's tools too.
Speaker 1 (39:44):
Dot Com beautiful, great job B All right, that's a blast,
Have a great week and everybody God bless.
Speaker 3 (39:48):
Happy Halloween happening Nevata Day. We'll see on Monday.
Speaker 1 (39:51):
John Sanchez is a registered investment advisor, and the opinions
expressed by Sanchez Gone Capital Management, LLC on the show
or their own and do not reflect the opinions of
News Talks seven eighty or its pairing company, Cumulus Media.
All statements and opinions expressed are based upon information considered reliable,
although it should not be relied upon. As such, any
(40:11):
statements or opinions are subject to change without notice. Information
presented is for educational purposes only, and does not intend
to make an offer or solicitation for the sale or
purchase of any specific securities, investments, or investment strategies. Investments
involve risk, and, unless otherwise stated orre not guaranteed.
Speaker 3 (40:30):
Information expressed does not take into.
Speaker 1 (40:32):
Account your specific situation or objectives, and is not intended
as recommendations appropriate for any individual. Listeners are encouraged to
seek advice from a qualified tax, legal, or investment advisor
to determine whether any information presented may be suitable for
their specific situation. Past performance is not indicative of future performance.
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