Investor's Edge with Gary Kaltbaum - 2nd quarter [04.01.2025]

Episode Date: April 1, 2025

https://garykaltbaum.com#doge #moment #garyk #market #investments #usa #politics #finance __________Disclaimer:The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio et al does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.

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That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Colbaum, your host. A thanks of being with us today.

Glad you here, ladies and gentlemen, happy that you are listening. It is Tuesday. It's April 1st. It's 2025. We do nothing on April 1st as far as April Fool's. The only thing I saw today was Tiger Woods saying his Achilles heel was all better, even though he just busted it three weeks ago. And he's going to play the Masters and then he said April Fools. That's the only one I saw.

I didn't pay too much attention. Anyway, in case you don't know, this is serious talk on everything that affects you. We will do the markets. We will do the economy. Your job, your industry, tariffs, doge, debt, deficits. Today is what we call tidbit day. we have a bunch of little tidbits that we are going to go through and of course we'll do the spastic market today also as it was all over the map and if you do not get this radio showing oh by the way we do it without any agenda ulterior motive of bias as you know we are blasting the tariff thing

and we're getting all kinds of emails on that and that's okay everybody's respectful and as you know i love the tax cuts i love the by the way On the border, I have this number here that I wrote down March of 24, 137,000 border crossings. March of 25, 7,000. It's dropped 94%. Love that. And don't remember Joe Biden lied his butt off to you about doing it because I have news for you. Donald Trump hasn't done a ton of stuff to close the border except put people there. What a concept. And we love him going after these colleges for their racism and their anti-Semitism.

If they can do it to Jews, they can do it to anybody. We love what the Justice Department is doing for people that are king cars, like the cars have done something wrong. We love that. We love that they're looking for the death penalty for Luigi Mangione, the guy who murdered the United Health CEO. And I can't begin to tell you how nauseating it is that anybody would send this... Oh, I almost said it. Send this murdering scumbag a dime. What is the matter with people?

but we hate the tariffs and we hate the changing of the tariffs and we don't like the lying about the tariffs that they're a tax cut from Peter Navar are you kidding me and now we're saying they're saying oh we're going to collect six trillion dollars over 10 years that's a tax hike on you and business it's a horrible thing and I got a bunch of emails on it and people not necessarily arguing because they can't argue the definition of tariffs but they think oh the negotiating tool and it's

not going to be that bad and it's limited and all that, we'll see. My guess, tomorrow, it's going to be a lot less than they're threatening. That is my guess. I've got to believe somewhere in his mind. I've got to believe somewhere in his mind is the stock market. I've got to believe that. And I believe it's going to be less than all the threats. I could be wrong.

But that's my guess. Because I know the emotions of fear and greed are pretty much the same in all of us. We'll see. Hey, and if you don't get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on Twitter, you should. I once had 90,000 Twitter followers. And then I said one time I tweeted that Bernie Sanders, his economic policy was communistic.

And they shut me down for a day. and when I came back up, I only had 30,000 followers. Seriously, that's exactly what happened. Somebody complained to Twitter that what I said is bad. You know, freedom of speech is bad. And of course, he is communistic when it comes to his economic policies. No doubt. I'd say it to his face.

And we're going to post it at garyk.com. Twitter feed, we said, if he email me, just be nice. Okay, I did that already. Okay. As I said to you, a lot of tidbits today. Let's do tidbits. And we'll do the market in a few minutes. But let me just say, today was one of those days.

It was all over the map again, but finished well. First off, in case you don't know, Newsmax, came public yesterday at $10 opened at 14. It closed yesterday at, hmm, 83. It closed today at 232. and by the way, that's off the highs. It hit a high at 265 today. What's going on? How can that be?

My answer? I don't have a freaking clue. All I can tell you, I looked up some numbers. They have 155 million in revenues. They have 128 million shares outstanding. Let's see, 128, 228, 228 times, it closed at 232 has a market cap of $30 billion with $155 million. So eventually it's going to crash.

But in the midst, it's doing what it's doing. I got to tell you if I had the IPO, I would have been out yesterday. And I'm hearing what the reasons it could be, this type of move for, you know what Newsmax is? It's really Trump Max. The whole Newsmax loves Trump. It's all day Trump and all that. God bless them. I think Chris Ruddy owns it. Very good people. And there's some very good people on there. But I think they would even tell you it's pretty much the love of Trump network all day. I have no clue why it's doing it. I got asked by eight people today. I don't know. Some things I do know, some things I don't know. Fair enough. I hear there's some lock up provision. but why would it do that?

Shares outstanding. What I say in the float, 128 million, but I think there's only 90 outstanding. Today it traded only 10 million shares? I better double check on that float. Next, Johnson and Johnson had a rough day down, $12.60. That's not normal for a Johnson and Johnson,

a stodgy, boring stock. They have a judge, blocked their talcum powder settlement. Okay. Next, tidbit. Do you know there's a lot of people on TikTok threatening assassination of the president and others? Do these idiots not know

that they're going to be visited by the Secret Service and some of them are going to be arrested? Just letting you know. Tidbits. The top 10 on the NASDAQ 100 right now are 50%. of the NASDAQ 100, top 10. And the only one really outside of the big tech type things is Costco. Apple, Microsoft, Nvidia, Amazon, Broadcom, meta, Netflix, Tesla, Google.

I guess, yeah, Tesla I would call it tech, wouldn't you? But even more amazing. You ready? Nine stocks on the S&P is 33.5% of the S&P. Think about that. 491 stocks are 66.5% of the S&P, but only 9 are 33.5. And amazingly, the top 5 is 26.7%. And may I state for the record, not one of these stocks is in an uptrend.

Thus, as you know, it's been rough going as of recent. we'll see how it plays out. Apple's not an up trend. Microsoft's at New Yearly Lows before today, and Microsoft had a decent day. Nvidia's been dead money. Amazon's been hit hard. Netta just got knocked for the teeth.

I'm sorry, I take it back. Number six is Berkshire Hathaway. So nine stocks is 31.45%. The 10 stocks with Berkshire is 33.45. That's on the S&P. How's that for some tidbits for you? What else do we got for you today in tidbit land? I think all of these things I'm telling you are somewhat important.

Tesla had a good day, even though Norway and France, the worst amount of cars sold in the last four years last month. Sticking with the tidbits, because we love tidbits. The City Council of Greenville, North Carolina, get this, has voted to sue Camping World CEO Marcus Limonis, because they claim the American flag he flies at his store exceeds city regulations. Lamonis says he's never taken it down. I'm just thinking to myself, the City Council of Greenville, North Carolina, is actually going to sue somebody because in a American flag is too big. Do you want to know why Trump won?

That's evidence number one. Up next, we'll stick with the tidbits and then markets. This is the one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed.

We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-422-559. That's 888-4-22-5-5-9. That's 888-4-2-2-5-5-9. Investment Advisory Services offered through Colbaum Capital Management. Guys, it's no use putting it off.

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Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect. Like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card.

What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster.

The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast. might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.

It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this.

And welcome once again to Investor's Edge. sticking with tidbits but I want to go back again this Louis Mangione ass clown that's going to spend the rest of his life in a six by nine cell while a few women fawn off over him there were there were women out there saying they want to marry him because of his good looks I'm serious it's out there

you know I'm not making fun women as a whole but there's some out there they're insane and people they sent them a lot of money in small amounts for his defense Think about this. He shot a man in the back. The man, this Louis Mangaloon, is a wimp. He's a coward. He didn't even face the man straight on. He didn't drop his gun and said, let's fight. He shot a man in the back. I got to tell you, if that was my father or my brother, I'd be in the courtroom and I'd find Louis Manju. If I had the chance, I'd kick his ass. Send them money for a defense. There is something wrong with people.

Tidbits. San Francisco is implementing a new speed safety system pilot program. Get this. It is designed to charge people different prices based on wealth and income. If you make a lot of money versus not a lot of money, you're going to pay more than the next guy even though you did the same thing the other person did.

San Francisco. Just reporting the news on that one. Just reporting the news on that one. Amazing. Hey, you make $100,000 a year? Okay, you're going to pay $250. Oh, you make $50,000 a year? You're going to pay $80.

Sure. That's the way it should be, right? I think I said this yesterday, but I wanted to say again, Canadian flights into the U.S. are down 70%. And a bunch of airlines have cut off flights because of it. It is being blamed on the tussle that's going on between Trump and Canada. And, of course, everybody else. Trump pretty much is having a tussle with everybody out there.

A lot of op-eds on the $6 trillion. They're calling it Trump tax increase. Wall Street Journal, even the Wall Street Journal calling it the Trump tax increase. Now, Tamar is Trump Liberation, they're calling it. And if he does it, it's going to be the biggest tax hike in history. Six trillion over 10 years from a guy whose main theme on a better economy is lower taxes. These taxes would be higher than Kamala Harris is. proposed taxes on everything that moved.

That's why I don't understand any of this. And I wish, and you know, I may have to, they have these parties at Mar-a-Lago and you can, you know, go to them. I may have to go to one and engage with the president and say, Mr. President, my name's Gary Kulp on me. You probably don't know me. Maybe you've seen me on the TV. I'm a Fox News business contributor.

Do you mind if I just give you a suggestion? Oh, by the way, first year, my greatest golf course I ever played was Trump, Scotland, which is true, by the way. And maybe he'd listen. Maybe he'd listen. But I think they're going to do less than more tomorrow. That's what I'm thinking. I could be wrong. J.P. Morgan estimates tariffs can cost general motors up to $14 billion, pretty much wiping out all of its global profits for

Ford, the impact is estimated around $6 billion, which we'd eat up about 75% of its global profits. So I gather the CEOs of GM and Ford have been on the phone with people in an administration. Taiwan Semiconductor, I'm going to tell you this again because we warned you, is scaling back growth, pushing equipment installs into 2026. They're saying utilization rates are running lower than expected as demand for mature chips. We told you. We hope you listened.

We have told you to avoid the AI. Just letting you know. The AI has been in a brutal bear market. Every day we look to see, we look to see if they start acting up, acting better. In another op-ed, here's another one. There's one problem with Trump's tariffs. They make absolutely no sense. A conservative wrote that one.

I'm glad these people agree with me. I'm glad these people agree with me. Just remember, we're just Mr. Logic here. We have no other interest except to be logical here. And if you extract all that out of the economy, that's bad news. I don't care what anybody else tells you. Another White House ways helping farmers as Trump escalates trade war. so they're saying that the farmers are going to be hurt by tariffs and we're going to cut your checks.

They did that in the last time the Trump was in the White House. Man, I hope he listens to me. That's all I can say. I'm going to try and engage. I really haven't tried that much. But I'm going to try. I can save them. I'm telling you, this ain't going to work.

it's going to be bad news Vegas a little more tidbits business is way down visitor volume down 11.9% in strip gambling down 110 million or 13.8% and they've had to drop room rates

average from 269 down to 198 in Vegas and when we say to you the hotels are in a bare market the airlines are in a bare market the transports are in a bare market market, the rails and truckers in a bear market, and then you hear about Vegas, which, by the way, I'm probably going to WrestleMania. I say probably because I never know with my father that I got

to run up there, and that would be a weekend. And I think that's it for a tidbit, but I do hear that one of these people that keyed the cars is being sued for a million bucks because the person suing is saying, not only that they try to destroy my car, but It has an impact on me also. We'll see how that baby plays out. I love that. Sue their asses off. Make them think twice.

And one last one. Al Gore is so upset about the climate thing here in the United States. He's taking his show across the pond. Last weekend in Paris, he kicked off a global tour of the Climate Reality Project. It's a nonprofit he founded in 2006. Go Google the words, how wealthy is Al Gore? Will you do that? And do you think anybody's ever interviewed him that asked him the question?

You said 20 years ago that in 10 years we'd be underwater. Isis will be gone. Oh, and by the way, how has your net worth gone in the last 20 years? and where to get it from? You think anybody asked them? Just remember, ladies and gentlemen, it's all a con job and a very good one too.

Up next, all the markets. Titbits are done. This is the one only investor's edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day.

There's zero-chafe thanks to four times more stretch than competing brands and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected.

This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel. level credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?

Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple.

You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Sprinker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. America is talking.

Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. Okay.

By the way, it is all a con job, the climate thing. It's all about money. A couple of trillion bucks have changed hands through our tax from the taxpayer and made people wealthy beyond. They were trying to do it again and Doge caught them. The Stacey Abrams thing is nothing but trying to scone with our taxpayer dollars. I tell it to her face. And she couldn't sue me, you know why? because in the lawsuit, she would have to divulge everything.

And I can promise you she's not going to want to divulge anything. That's how it works. And I want you to remember, decades ago it was global cooling. They told us we all sucked if we don't believe in global cooling. And then it heated up. And then they called it global warming. and then they told us we suck if we don't believe in global warming. And then we had massive blizzards around the world for two years.

And they got together in a room with a great marketing company and an advertising agency and said, well, we got to come up with something better because. And they came up with climate change. So if it's hot, it's climate change. If it's cold. Al Roker, God bless them from NBC Today Show, was on TV this week. week stating, it's global warming that's causing the blizzards. And he said it with a straight face.

People love being part of a movement without even thinking. And their job is to convince you without even thinking. You know what the shame of it is? Most of the people are not making the money that the big con artists are making. The Al Gores of the world, the big con artists that, fly private jets while they tell you you have to conserve. You know, my two words are right, to them, right? No, it's not that bad.

Up yours. It's a good one. Okay, markets. So let me give you the big fit picture first and we'll narrow it down. The Dow was still down today, 11. At one time today, the Dow was at 42-1-4. So it was only up about 140. It was never up big, but I will tell you it hit a low of 41-519. Let me make sure I got that right.

41519. Did it get that low? It did. 41519 would be about 400 and 8. It was down 500 points early. And then into 3 o'clock it was sinking after being up. and was down 300, right around 3 o'clock, and rallied up 289 points by the close to be down 11, no biggie. The story of the day all day was the better action in tech. And I can tell you, the NASDAQ up 150, the NASDAQ 100, up 157.

And even the NASDAQ today, let's see, the low was 17149, it was down 150 at one time. then it was up 200 and at 3 o'clock was down 30 and rallied 180 points in the last hour. That's the innards of today. It helped the NASDAQ that some mega caps had a good day. Dead money Microsoft, dead money Tesla, dead money Oracle, dead money Nvidia, dead money Google. Dead money Amazon, when we say dead money, they've been bearish phases. All had good days today.

Dead money, Mehta. All had good days today. When I mean that, meta was up nine bucks today to $5.86. It was 741 six weeks ago. I'm going to throw your little good news. Little good news. You've had two days in a row now where the market was down pretty decently and finished back near the highs of the day.

day or close to it. I think that could be meaningful. On the S&P, you went down to the lows of three weeks ago and reversed off of them yesterday and you finished up today. So maybe that 5,500 area is a number. Let's call 5500 to 5550 because you hit 5558 today. That's the Dow and the S&P. But the S&P still below the 200-day moving average. The Dow is still below the 200-day moving average. The NASDAQ, much worse than them. But the NASDAQ undercut the lows of two weeks ago, three weeks ago, and back above it, which is 17-238. And by the way, it hits 16-8-5-4 yesterday.

I know I'm throwing a lot of numbers at you. So maybe we're hitting something here. And maybe. And I just try to add things up sometimes. We're getting liberation day tomorrow. We're going to get something, I think. Maybe the market's accounted for everything that he may or may not do. The answer to that question is, just don't know yet.

As I said yesterday, need some more cards come out of the deck. We'll see. Because I have to add, the Russell 2000 is a freaking misery down at the load. The mid-cap 400, just a little bit better. The transports a misery down at the lows, but holding the lows. The semiconductor index hardly bounced today and has been miserable. You catch in the drift? So if we're probing some lows here, think we're going to have to get some,

go up a couple of percent, pull back a percent, sit around for a little bit. that type of thing. Because in order to repair damage of such big drops, usually need time and price, we call it. Price up, down, price up, down, and then start building some stair steps. Other areas, the big banks were down today, but no biggie.

They're below the highs. The airlines look terrible. The transports, The cruise lines terrible, the hotels terrible, the travel terrible, FedEx, UPS, rails, truckers, they look terrible, the housing looks terrible, all in big bearish phases. And I'm not saying small, big. And I'm not talking 40% down as an index, but 20% is pretty darn big when the average stock is worse. The AI trade bounced by the end of the day today, but man, just way, way down. And certainly not anything representing bull markets.

You get the drift. Retail had a better day today. Most were up by the end of today. But I just go scan them and they look like the south end of a northbound jackass. Some of them, a lot of them have crashed. So good to see an update. We'll take any update. But we think that if we are probing the lows,

if we are probing the lows, may just take a little bit of time and we'll see how it plays out. The same areas that have been the strength, gold little pullback today, no biggie, insurance, waste management, some of the consumer staples, not all. Certainly, their growth arena and technology, I may be able to show it up on one hand because everything is below moving averages. Got a few oil pipelines in shape.

The exchanges, but they came in today. Auto parts retail has been strong. Why the use car thing is going to be good news and keeping your car longer is going to be. good news because who the hell is going to want to buy a car if prices are going to go up for everything. So that's the story. China is resting here slash pulling back. Like to see two or three more weeks of it. Throw some doubt in there. But the big story today, damn it, I wish I had some newsmax. And by the way, that core weave that just came public at 40 and was at a discount was up 15 bucks today to $52. That's another story today.

$25 billion market cap strong sales growth but they lose a lot of money we'll see how that plays out up next more on the markets I'm going to talk interest rates and I won't be boring this is the one only investors edge

it's no use putting it off the best time for an underwear refresh is now Tommy John underwear is designed for a perfect fit that stays put all day Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game-changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.

Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John, comfort perfected. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase,

bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker. The platform responsible for a rapidly spreading condition known as podcast brain.

Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast. might someday pay for, well, more microphones.

Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge.

With Gary Culpa. Da-na-na. By the way, you know what I'm getting a lot of? everybody's raising prices. I once signed up for this Google workspace. I'm pretty sure I signed up for like $12. I'm getting bills now for $36 a month. I never approved it.

And I have no idea how to contact them, but I'll figure it out. That's just one. There are others. By the way, as I said, a lot of op-eds. New York Post, a conservative newspaper. Here's the op-ed. Trump's Bizarro World tariffs will turn our economy upside down. Interesting, huh? So friends of are not happy. By the way,

in case you don't know, there's some special elections going on, and that's going to be interesting to see. I think there's a couple in Florida, one in Wisconsin, and I believe in Florida, Trump won by like a bazillion, and Republicans are worried. They think they're a lot closer. So if Trump wins by 30, and Republicans wins a special election by four, they're going to know that the momentum is going the other way. Don't think it's going to change anything he does, but it's going to be interesting to see. And as you know,

they brought back Elise Stefaniac to the house because they were afraid of losing the house. By the way, another thing I love with Trump, they are now reviewing $9 billion in federal funding for Harvard University because they refuse to address anti-Semitism on the campus. I love that. And not because I'm a Jew. I would say it if anybody was attacked. Just remember, no bias. We don't care if you're black, white, Jewish, Christian, Muslim, Sikh, tall, short, fat, skinny.

race, gender, color, we don't see it. Every person is supposed to be treated with respect. And there is no respect for Jews on some of these campuses, and the people run these campuses suck. There are horror shows. And we all know that if LGBT people were being attacked, they'd be yelling and screaming about and getting people arrested if it happened to blacks, yelling and scream and be arrested. By the way, they don't like Asians either these days.

That's another thing. There's a lot of crap going on. And I don't know where these people are coming from. And by the way, why are we even giving Harvard all that money? They have endowments like several trillion dollars. I don't get it. What can I tell you? Back on markets.

I have no clue what happens tomorrow. I have no clue what comes out of Trump. but as I said earlier, fear and greed of the administration, they have to be seeing the market is not happy with all these tariffs and the types of tariffs. The question is, can he roll back down off the mountain of 25% on autos and 20%? You do know they have said, oh, 20% on everything. They've said that. I got to believe, I think.

but then I see Wilbur Ross. I love the man, great businessman, came on TV after me today. He said the tariffs are good. And I'm thinking myself, wait a minute, here's another conservative Republican saying tariffs are good. The Republican Party is supposed to be about free markets. You know what tariffs are? Unfree markets. So tomorrow, I don't know.

I believe the announcements are after 4 o'clock. I don't know if they're going to float the announcements beforehand. I do believe that if they are less than meets the eyes, the president will have to save face and say, well, I've talked to this, that, and the other thing, and we believe they're going to do this, that, and the other thing, so we're able to do this, that, and the other thing. And instead of this, we're going to do that.

And instead of this, we're not going to do that. And maybe they'll come off of it. We'll see. You need to know tariffs suck. They're the worst thing to do. They're terrible. They're gargantuan tax hike on the business and consumer, and especially when you move the needle all the time,

you need to know that. The Republican Party has been always against them. There's always been nominal tariffs here and there, but very minor, very minor. And all this talk that we've been screwed out of trillions, that's BS. That really is BS. Yeah, they do it to us.

Sure. No argument. No argument. But how did we get to a $30 trillion economy with all that? How did we get there? Because what do we do? We go to work every day to do better for ourselves and our family, and we kick ass. There is no reason to tax the hell out of business and consumer.

And boy, oh boy, I hope cooler heads are talking to him, and cooler heads will prevail. Because I can promise you, You put a $600 billion year tax hike onto this economy? Uh-oh. Back on the markets, the hope is the last couple of days of reversals is the market playing defense. And the S&P right at the lows of three weeks ago. So we can actually draw a line underneath knowing if it breaks below, look out, if it holds, market will show up some opportunity.

As I stated, still plenty of areas in bad shape, plenty of stocks in bad shape. You had new yearly lows today during the day, 575 stocks, even with the NASDAQ up 150. By the way, 300, 416 were NASDAQ. So it tells you underneath the surface, there is weakness there. But if we can get some real follow-through. some confirmation could stop the bleeding and we can get back to getting back. Oils have been better. Only a few with leadership.

Chevron is the big cap leader while Occidental, that's Warren Buffett's, is the weakest. Somehow I think that'll come back on. We'll see. Anyway, hope you are listening carefully. Hope you know we don't have a bias except good policy. We don't care where it comes from. You all have a great evening. Drive carefully.

When you get home, do like we do. It's quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise stay well, be well. I'm going to work out.

Good night all. Bye, bye. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day.

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