Investor's Edge with Gary Kaltbaum - AND MORE TECH [02.08.2024]

Episode Date: February 8, 2024

https://garykaltbaum.com/

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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 Colbom, your host day. Thanks of being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening.

It is the 8th, I think, of January. No, February, 2024. get it right yes I got it right we'll throw a party hey thanks to being with us today emanating from New York City flight was perfect last night I gotta tell you Delta Airlines I dig them they gotten better and better throughout the years and and it's all about number one getting there safe but they're people really terrific anyway we are here live and as always lots to cover if you do not get this radio and your city will post that at gary k.com we'll also post it on our twitter feed which is now x and if

you do not follow us on twitter you should follow us on twitter so go there put our name in or press the button at garyk dot com and if you'd like to email me just be nice that's not too hard is it be nice and of course this is serious talk on you and everything that affects you the markets your money the economy jobs unemployment taxes taxes deficit spending scam shams corruption you name We'll cover it. And we want to start. You know how I tell you that there's only a certain few we listen to in our industry. Not to put down others.

And as you know, we put down nobody on the, we hope everybody does great. The only person we have brought up and only because we get thousands of emails and the fact she is front and center and quite arrogant is Kathy Wood. and the opposite of the person I'm about to talk about would be Kathy Wood in that amazingly is down 70% in her main fund in three years. I was in the Delta Lounge last night in Orlando Airport and she was on the TV and the sound was off and I'm watching and at the bottom was saying Kathy Wood says this, Kathy Wood says, that. And I'm thinking to myself, is she being asked about her being down 70% in three years? This is a fund. And I'm just bringing her up because I'm about to bring up the opposite.

I wish her well. I hope she does great things. No ill will, nothing personal. We just need you to know that being paraded as a guru when you're down 70% in your fund in three years is very weird. I want to bring up Paul Tudor Jones. In case you don't know, billionaire investor, one of the greatest investors of the last few decades. And he's one of those people. I want to know what he has to say. I want to know what Stanley Drucken Miller has to say

of George Soros ever talks markets. I want to hear what he has to say. David Teper, Bill Ackman, and there's a few others. Not many. A few others. Some O'Neill people. There are some people on Twitter that I've never met,

and they don't even use their real name, that have shown me they have a great eye. We want to listen to them. I want to hear what Gil Morales has to say. And you ever hear of Jim Ropal, R-O-P-P-E-L? I want to hear what he has to say. But I want to talk Paul Tudor Jones. And I know this is not the first time he's brought this up.

but it's been brought up again and I want to make sure you know about it. As you know, I am one of the most under the radar but loudest voices on the massive debt and deficits and the nightmarish abuse of the taxpayer

by those in Washington, D.C. Notice I said those. I didn't say Democrats. I didn't say Republicans. They all suck. All of a sudden, a bunch of Republicans are all worried about the debt and deficits, but did not give a crap. When Trump added billions, I take it back, trillions to the deficit. And that's before COVID.

And then Biden ripped the championship belt on debt and deficits away from Trump while he's telling everybody and lying through his teeth, I've lowered the deficits. So let me read Paul Tudor Jones. Legendary investor, Paul Tudor Jones says a debt bomb set to go off in the U.S. Economy appears strong but is on steroids masking major problems. What exactly have I told you that there's a mirage in the economy? When you have, I want you to imagine something. They have spent $34 trillion more than they were supposed to. And of that $34 trillion, $26 trillion is since 2009.

And it's now amping up, ramping up. And the lie and the scam is that they're telling, by the way, we'll get to the markets in a little bit, and there's a lot going on even though the major indices didn't do a lot. The lie and the scam that they are telling you, oh, but the percentage of GDP, here's what I say to them, go screw. Let me explain GDP to you and let me explain the economy to you. The economy is us. They are a Hoover vacuum off of us, sucking the wind out of us,

and every time we move up a step, they take two steps away. Federal spending in just the year 2019 was $4.4 trillion, and this year is going to near $7 trillion. And the last year deficit has gone up $2.7 trillion. And there are different abacus out there about where we are fiscally. Oh, some say $1.5 trillion this year. Does it really matter? And they're laughing at us.

Anyway, let me read to you. Said that the economy appears strong but under the surface actually on steroids that are masking major problems like debt. Debt is historic hitting a staggering $34 trillion earlier this year. This is equivalent to $101,233 in federal debt for every. person in America. We've got a 6, 7% budget deficit. We're fast forwarding consumption like crazy, Paul Tudor Jones says. By the way, go look at a chart of the U.S. national debt and you will see freaking Mount Everest on top of the Eiffel Tower. That's how bad it looks. And you know what? I'm going to copy and paste a chart and post it a little bit. He added, it should be going

gangbusters because we got an economy on steroids. It's unsustainable. The founder said that danger of this excessive fiscal spending is being masked by a strong economy, in particular, a boom in artificial intelligence. This he argued is improving productivity and masking the unsustainability of government spending and borrowing. The only question is does it manifest itself in the markets or when does that manifest itself in the markets? It could be this year, it could be next year. Productivity may mask it. It might be three or four years from now, but clearly we're on an unsustainable path. Well, wherever you heard that before?

Now, just remember, the government. We're just telling you about deficits. The government since 2009 has run up 27 trillion in deficit. In the 15 years since 2009, they've also spent, I'm going to guess, let's average $3 trillion. 45 trillion, they've spent $72 trillion. Well, I get you. 10% GDP off of that crap.

Every one of these people in D.C. are guilty. Administrations are down. And there's two words that come to mind on all this. On purpose. None of this is by accident.

It's on purpose. And so much of this spending is inefficient. And part of this, and it wasn't in this article on Paul Tudor Jones, we're going to spend a trillion on it. interest this year? A trillion bucks. A trillion dollars on interest. Now think about that. What do you think a trillion bucks can do? Let's move it aside for the economy, for the homeless.

Let's just say it was done and really did help. What would it do for the elderly? What would it be for the downtrod and what it be for the hunger, the children on hunger that have hunger? What would it do? How about in your city? You got any bad roads, bridges, Bueller? What should it do for our schools? Well, $1 trillion and it's going to grow every year is going towards interest, not any of that. Interest. And do you know why?

It's all on the debt that they have put up there. And as I've said to you moons ago, it is just simply simplifying it. Imagine if you got money, you got a job, and you got a credit card. 10,000 bucks and you spend it immediately and you got to start paying off that credit card, but you really don't want to. And then you lose your job. We'll simplify it. Up next, then the markets.

Lock the cover. I'm Gary. This is the one only Investor's 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 asset.

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 complimentary portfolio review. The number to call is 888-4-22. 5559. That's 888. 422. 52559. That's 888. 422 5559. Investment advisory services offered through call bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down

with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS Pharmacists. Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So, that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication.

And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stack. and your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment and more. Pick a bundle with your go-toes and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash Bundle Terms and Exclusions apply. See terms at Venmo.com.combe slash stash terms. Max

$100 cash back per month. Shake it up with vital proteins, collagen and protein shake. It's a high quality ready-to-drink shake with 30 grams of protein, and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carrakegonin, it's a clean, delicious way to fuel your day. So you don't just age gracefully, you age powerfully. Vital Proteins, stay vital. Learn more at VitalProtines.com.

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. So, just to get back on it, what could be done in your community with an extra trillion bucks that doesn't go to interest?

What could be done for the country? Well, if I was president and I had an extra trillion, my goodness, I'd go to every mayor of every city that's got big troubles. Maybe it's, you know, the city's become a little decrepit, not taken care of. And I would designate specific dollars to clean it up. I'd find out how many homeless in the city. And I would make sure there's housing for the homeless, but not just housing. How to get them out of homeless. And on and on and on and on.

They are scamming us. they are abusing us they are using us in ways unimaginable and as I said simplify it imagine if you have a job and you have credit card bills

and you lose your job and you're on unemployment you're not making enough imagine and you have a $10,000 credit card and oh boy oh boy and I don't have any money how am I going to pay this and all of a sudden somebody else offers you

$20,000 credit card oh cool and then you're stupid you spend on the $10,000 credit card and you use the $20,000 credit card to use that, and then you spend the $20, and then you get one for $50. And then you spend the $50 because you're insane, and then somebody sends you $100,000 credit card. And you pay off the $50,000, and then you spend the $100,000, but now you got $100,000 on a credit card. Oh, crap, what am I going to do? And then out of nowhere, you get a credit card for $250,000. Oh, look at this.

I'm going to pay off that $100,000, but you know what? I need that Lamborghini. I'm going to take that trip to Bali and stay in a $2,500 a night villa. And then I'm going to gamble up, or I'm going to lose $100,000, darn. Shouldn't have bet on red. So now you have a $250,000 bill, but you know what? Somebody sends you a half million. You catching my point?

That's all these ass clowns in D.C. are doing. under the guise of, I have no idea. You would think they come out and say, well, this is the good we're doing. 350 to 400 billion is going to John Podesta, a democratic hack for climate. Do you think they've given us a list on where that money's going? And you know it's going to be a ton of grants that are never going to have paid back.

Grants don't have to be paid back. And you know it's going to be going to family, friends, compatriots, donors, and all that crap. You know the glad hands. So Paul Tudor Jones is right, glad he agrees with us. And we've said all along, it may be another 10 years from now. Maybe it's going to be $100 trillion. Who knows?

It's going to blow up. And the people that caused that are going to be dead or out of D.C. And they know it. And of course, if it happened tomorrow, guess what's going to happen one's just going to blame the other that's all that's going to happen and who are going to be the victims well let's see when it blew up in 08 what did they do oh they used our taxpayer dollars and we they gave it to the bankers and the crooks that should have been indicted not one was indicted and why because the incestuous relationship between

wall street and dcc did you know many Goldman people became treasury secretaries and do you know how many politicians have gone to wall street back and forth because it's all about money do you remember campaign finance reform do you remember that oh we're going to get money out of politics why don't you go look up how many billions are going to be spent on the election this year how did that happen how they scammed us they conned us they what they did was they open wide for the big money to come in so when you see

one of these slime bags in DC say there's too much money in politics they're laughing at us they're shooting the middle finger at us so thank you Paul Tudor Jones unfortunately nobody's going to even listen to Paul Tudor Jones on this either

you do know that nobody's going to even listen to him it goes to one ear and out the other. That's how it rolls. Until it blows up. Now, here's the good news for each and every one of you.

When it does. And again, it may be 50 years from now. Maybe $200 trillion. What the hell do I know? When it does, the markets are going to come down hard. It's a guarantee. The markets are going to come down hard. Guess what?

It will definitively give me a heads up. Do not fair. Do not be sweating. Do not worry. It will definitively give me a heads up. And we shall be ready.

We can promise you right now nothing to worry about. Markets are in shape. Markets are in good stead. Some warts, no worries. Just letting you know. How to start that way today? Why? It's simple. Paul Tudor Jones said so. And he matters to us. He's one of the most brilliant minds on Wall Street. And I don't think he has

any agenda, any ulterior motive whatsoever. He would like to see good things happen. He knows better. So sorry to harsh your buds out of the get-go. But he said, spoke and I need to cover it. Mui and Portante. And that's that. The good news. So the Dow with one minute left in the market today. No, I'm not making this up.

It was flat. No biggie. It only finished up. Yeah, I'm going to make sure I'm right when I say this. 387. Yeah, it went from flat to up 488. Not a big move. The NASDAQ was only up 37 today.

The NASDAQ 100 was only up 28. The transports were only up 66. But there was a ton of jello moving on the plate today. And it is imperative for me to let you know what. Why? Because we're an earning season. And it's an earning season where we find potential. Why? because it is earning season

that come what we call surprises. Up next, a complete explanation and the markets. I'm Gary. This is the one only investors edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter.

In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat, and it just becomes like a lifestyle where,

oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that, generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change.

Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment and more. Pick a bundle with your go-toes and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusions apply. See terms at Venmo.com. Me slash stash terms. Max $100 cash back per month. Shake it up with vital proteins, collagen and protein shake. It's a high-quality

ready to drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carigening, it's a clean, delicious way to fuel your day. So you don't just age gracefully, you age powerfully. Vital Proteins, stay vital. Learn more at Vital Proteins.com. 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 Coltbaum. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investors Edge. So what's so important about earnings?

Well, playing fields get changed. So imagine a company is the last four. quarters did 250 million dollars two hundred and seventy million dollars two hundred and seventy million dollars two hundred and ninety million dollars and then two hundred ninety million dollars nice you know and then imagine the expectations for the quarter they were in little bump up the three hundred million in revenues what if they come in and say

dang demand really picked up and we're expecting 300 million in revenues we did 500 million and by the way next quarter where we thought we only do

350 we're going to do 600 million and by the way expectations where we're going to make a dollar for the quarter, we're going to make a buck 80. Well, right there and then the market has to adjust. Adjust to a company that has now accelerated their numbers to the upside. And typically, when a company accelerates numbers to the upside, it's usually not a one-time thing and usually lasts a while

because whatever they're selling, whatever they are doing, something good's going on. Recently, Taiwan Semiconductor, recently Taiwan Semiconductor's sales growth minus 3, minus 14, minus 12 and 0, on their earnings announce oh it's going to be up

25% a big acceleration oh by the way it's AI chips gaps up sits around for two and a half weeks breaks out again at 118 and the last two days goes to 133 and then of course because of AI you got the same kind of announcement

from SMCI and a few others So today, let me give you some examples today. Arm Holdings, a recent IPO, $51, went down to 46, fumbled around, market bottom, rallied up, and it was backing and filling between, let's call it 65 and 75 for about six weeks. They reported earnings, and they announced an acceleration going. forward. Gaps up, finishes up 47% today, finishes at 113 and change, was as high as 126,

actually opened it around 98, but within, I mean, nanoseconds, it was 110. And what did they say? Artificial intelligence chips. The other part of the equation is, it's a recent IPO a few months ago. That means the institutions don't own a bunch. They're going to now. And we're all over it now. We don't own it yet. Got away a little bit today. It was 110 before you can blink today.

But that's what we mean. And then you had Disney better than expected. And of course, Bob Iger's really looking at profit, profitability, and growing going forward. Up 11% today on a gap.

How about monolithic power? I bet you never heard of that last three quarters earnings minus 13 minus 13 the last one minus nine the one they just reported was a minus nine revenues were down one percent yet the stock was up 14 percent today why oh the chip thing Ralph Lauren gaps up today what happened well the quarter before's earnings were down six percent this one up 24% and acceleration. Of course there is the other side of the coin. There have been gaps to the downside.

When people are not keeping up, business not so good. This is why earnings are so important and I just got to tell you. I got right in front of me as I speak a bunch of blowups and I have a couple of big movers also. For tomorrow, another day of big mover. both ways. I have Expedia down 12% Pinterest down 16%. PCTY. That's

Paylosity down 10%. Take 2 interactive, 4% and on and on and on. That's why it's so important. That's why we're so big on this stuff. Facebook. Meta. I got news for you.

We got lucky. Why? Because we bought it early, had big cushion, we're able to hold through earnings, we own it at 350, it's now 470. What did that do? Went from 400 to 470 on a gap. Why? Sales growth, 3. 11, 23, 25 acceleration.

Earnings, 264, 323, 439, 533. acceleration. And there you have it. That's the market for you. That's why you're never going to hear us say, it's down 70% their business is crap, but it's cheap. We're not going to buy in downtrends. We're not going to buy in bare markets.

And we're not going to buy businesses that are going the wrong way. Our job is to identify businesses where if Taylor Swift was a stock, it would be the Eiffel Tower that's the type of business that's the type of business we're looking for so there's your lesson for you on what we're

trying to deal with and man there is just a lot of jello moving on the plate whether it's an Eli Lily because of their drugs with Novartis the Taiwan semi I mentioned I mentioned Disney. And you never know how long it lasts, how far it goes.

And you still need the market. Remember, the market is the end-all be-all. The market is the overrider. I can promise you if the market decided to top out in the next two weeks and go into a big bear phase, it doesn't matter what anybody good says. The market takes everything down until it decides to turn. And if those companies are still doing great, they will just turn right back up. and quickly.

But right now the market's paying up for tech, internet, software, AI. And not to mention, there's other things. American Express. Hell, they gap that sucker up. People love their credit cards. There's no accident. American Express MasterCard and Visa are at yearly highs. 1 plus 1 equals 2.

As we say, the market moves schools of fish. That's the business of the market. So we hope you have a good understand what we're trying to explain to you. And it's a lot of hard work right now because all I can tell you, there's just a ton of earnings that I got to cover on a daily basis. And you never know. It can gap up and reverse, gap down and reverse. gap up and skyrocket, gap down and get trashed.

There's been some recent trashings on earnings, even an Amgen and the Dow. Great company. 330 to 294 in three days. Ouch. Just one example. And we can promise there are others. But our job is to stay on top of this

and put our best foot forward. and it still ain't easy. And when she stops, we don't know. We'll be ready. Up next. This, that, and the other thing, or whatever else. This is the one to only investors' edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script,

the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So

that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking. your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment and more. Pick a bundle with your go-toes and start earning cash back at those brands. Do more stash, get more cash.

Venmo Stash bundle terms and exclusion supply. See terms at Venmo.com.mow.combe slash stash terms, max $100 cash back per month. Shake it up with vital proteins, collagen and protein shake. It's a high quality ready-to-drink shake with 30 grams of protein and and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carraginia, it's a clean, delicious way to fuel your day. So you don't just age gracefully, you age powerfully. Vital Proteins, stay vital.

Learn more at VitalProtines.com. You're listening to... What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investers Edge with Gary Culper. And welcome once again to Investors Edge. So it is my opinion.

It's just my opinion. Don't be mad at me for my opinion. I think Trump's guilty of a lot of crap that he's been accused of. Just my opinion. I believe he obstructed justice with the document case, amongst other things. you know the January 6th thing I think he was responsible I don't believe he's responsible for what happened at the Capitol

but I believe he's let me put it best I believe he was a catalyst and anybody doesn't think he was a catalyst is insane and is just basically have the head in the sand and I hope if he wins the presidency again he learns the error of his ways and you know I'm just a big believer I think is his own worst enemy nothing personal In fact, I love his golf courses. My second favorite golf course of all time.

Actually, let's call top three. Was the Scotland golf course I played? Magnificent. One and two, I'd have to say. Well, I'm going to go top five. Royal County down in Ireland. I'd have to throw it up there. The old course at St. Andrews, which is not a great course

but just being there. a pebble beach magnificent royal port rush in northern Ireland and old head in southern Ireland notice a lot of

Ireland courses and I think Trump's done real good things and I think he would do a good job on the border unlike this misery running the country but what I really want to talk about is this misery running the country

one of the greatest liars of all time. And by the way, I'd say it to his face. Nothing I say to you about some of these politicians, I would look at him straight in the face and tell him how I feel. Some of the funniest crap happened today, which is not so funny. And remember, we're discussing this because these are the people run the country.

And if you don't think that's an effect, so Joe Biden had his own document issue. Joe Biden took a lot of documents that he was not supposed to. just like Donald Trump did. The bigger issue with Trump was when they begged him to give him back, he didn't. Or gave back just a few. And they begged him again, and he didn't. And they begged him again, did.

And they threatened him and he didn't. And then they went in there and took him out. Just unforced errors again. But I digress. Well, the Justice Department or the special counsel, whoever the hell was overseeing Biden? What do you think they said about Joe Biden? Yeah, you did it, but no charges.

Thus, as we tell you, we have a two-tiered justice system based on who's involved. Just another royal scam. Joe Biden committed crimes by taking the documents and over the years and in many places. But the, who was,

whoever overseeing it said, we don't believe it rises to a crime. And are you ready for this? And it's so sad, if it wasn't so sad, I'd be laughing. By the way, we're not making this up. No sarcasm. They said Joe Biden,

they don't think was responsible because of diminished faculties. They said that. They came out and said that Joe Biden has diminished faculties thus, we cannot hold them responsible. They said that. And when I heard it reported, I'm saying, that can't be true. No way they said that.

And yet four different outlets reported it. They gave him an excuse that he's old and going south. For why? One of the reasons, no charges. Welcome to our world, ladies and gentlemen, of being on the right side, not on the right side of justice, but on the right side of the people that wield the justice. Remember, they were given Hunter Biden in influence peddling, IRS ducking, taxpayer, middle finger. ass clown they would give him a pass

until some of his compatriots came out and said yo here's the evidence that you had and did nothing about and not until the pressure came down on those people

that they finally come through and laid some smackdown on him to the point where he's probably going to do some time so we're just letting you know be on the right side of the people wielding the justice

on a national basis. I can promise you if it was Joe Biden that did everything the same as Trump and what I believe to be is obstruction of justice nothing would have come of it.

And therein lies big shame, ladies and gentlemen. Because all we ever ask for is a level playing field for each and every one of us to get the rewards if we do right and get kicked in the rear if we do wrong but that ain't happening

and by the way they're doing it in plain sight that's the other part of the equation they're doing it in plain sight how to bring that up by the way forget what we say

go change Check this out. They actually had the grapefruit to say diminished capacity, diminish faculties as an excuse while we're going to leave B. By the way, one of the excuses.

If it was me, he would get charged. He would have to pay some pipe or not go to jail, but he would have been known so the next guy or gal doesn't do the same thing. By the way, a lot of those documents were national secrets.

Anyway, have a great evening. We'll be on tomorrow with Neil Cavuto. Noon hour, Fox Business, check it out. You have a great evening. Drive carefully when you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children.

They will feel better. You will feel better, I promise. Peace out all. Take care. Thanks for joining. Have a great night. Bye, bye. This has been Investor's Edge with Gary Cult Bomb on BizTalk.

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