Investor's Edge with Gary Kaltbaum - Back and forth [02.06.2025]

Episode Date: February 6, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:31 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 Coltbaum, your host day. Thanks for being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It is Thursday.
Starting point is 00:00:50 It's Feb 6th, 2025. Hope you're having a good day. I think I'm kind of sort of having a good day in that I left Florida. today was 78 and sunny and I'm up here in New York City and it's 32 and sloshy. You know, we had this kind of snowy rain and it's sloshy. But we're okay. Hey, ladies and gentlemen, there are times where we just say to you all over the map. We're in the midst of earning season when we come to the markets.
Starting point is 00:01:24 And we're going to talk to you today about all over the map. We're going to talk to you about the good, the bad, the indifference. the reactions to earnings and all that fun stuff. But first, if you do not 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 X, you should. And if you'd like to email me, just be nice.
Starting point is 00:01:48 No, really. And in case you don't know, this is serious talk about everything that affects you. We do not pull any punches. Especially right now as certain things are being uncovered, and that's what we're going to start with, ladies and gentlemen today. But by the way, we will do your job, your industry, the markets, the economy, anything that matters and comes to mind. So we knew this already. We've been doing this show for a long time.
Starting point is 00:02:20 And all the time we have been discussing about the massive debt and the massive deficits. That if we never get it under control, that would be a real good thing. For a very long time, we talked about where the hell is all. this money going? When are we going to have accountability? How are we running two trillion dollar deficits? How are people getting rich off of government contracts? How come nothing is disclosed? And then Donald Trump becomes president and he brings in Elon Musk and they create the assentity called Doge. And I can tell you, the more they find, the more other people are getting pissed off. And do you know what that tells you about the other people? You got it. Imagine
Starting point is 00:03:09 you have a person creating an entity and his sole goal is to make our government that is quadrupled since the year 2000 is up 60 to 70% since the year before COVID, wants to make it accountable to you, the taxpayer, wants to make it more efficient and effective. for you, Americans, wants to root out all the BS. For you, the Americans and the American taxpayer, yet there are people that are having fits over it. Think about that. And why do we bring this up?
Starting point is 00:03:58 You know, this show is about you and everything that affects you. And again, we have a government that has quadrupled in 25 years. quadrupled. So every day we get a list of new things coming out and it's unbelievable. And we simplified things for you. We mentioned yesterday that $8 million went to this journalistic company that has been slamming a certain side for a very long time. And the journalistic company had to come out and defend themselves saying, well, we didn't get anything. It was for subscriptions. Eight million of your tax dollars subsidized subscriptions to journalists?
Starting point is 00:04:53 What? That's their defense? But I digress. Are you ready? Here's one. A contract with get this, and I'm not making this up. to an undisclosed domestic awardee for $249,900,000 for grain and oil seed farmers in Ukraine, with a special focus on disadvantaged female farmers.
Starting point is 00:05:31 Let me repeat this. 249.9 million of our tax dollars has gone to somebody with the name undisclosed domestic awardee, really, with a special focus on disadvantaged female farmers for Ukraine, grain, and oil seat farmers. Well, if I'm running Doge, I want to know who the awardee is and where every dollar went and how much that the awardee or awardees took for themselves. Now let's simplify it. Think about the city you live in. Oh, I got a better one since it's $250 million. Think about the state you live in. And imagine if that $250 million did not go to an a wardee, domestic, it's an American, and it went towards your state.
Starting point is 00:06:48 Let's think of what states need. Your homeless shelters, they need some help in the homeless shelters, updating, more food, better beds. How about homeless veterans, maybe take care of them? What do you think? You think there's any kids that need help with food? They're not getting fed enough because the family is poor. You think maybe that $250 million could have helped that state?
Starting point is 00:07:17 Or wait a minute. Roads and bridges and streets? You think that could have helped? No, it went to an undisclosed domestic awardee worth $249.9 million for Ukraine grain and oil seed farmers with a special focus on disadvantaged female farmers. Pissed off yet? I can't believe what they're finding, but I can. Because from yesterday, just to refresh your memory,
Starting point is 00:07:55 $20 million for a Sesame Street Show in Iraq. $20 million. Who did they get Robert De Niro? $6 million for tourism in Egypt? What are we given $6 million for tourism in Egypt? $15 million for contraceptives and condoms in Taliban-controlled. Afghanistan, I'd like to know who's getting these contracts and how much they are taking out of
Starting point is 00:08:30 these contracts. It's unbelievable. It's stunning, ladies and gentlemen. This is about you and everything to do with you and your money, and there are people complaining. How about the New York City's Teachers Union? You got this? $22.5 million. $22.5 million. dollars of your taxpayer dollars no really no really when I've said to you slush fund my goodness gracious sixty two hundred journalists across seven hundred and seven media outlets and two hundred and seventy mine two hundred seventy nine media non-government organizations got funded through this U.S. aid you have been hearing about.
Starting point is 00:09:37 45 million for DEI scholarships in Burma. Really? 45 million. 3 million for girls centered climate action in Brazil. Here's a little one, 280,000 for diverse bird watchers. 2.5 million for electric vehicles in Vietnam. Pished yet? You know what we really need to have?
Starting point is 00:10:18 Like a million person march on the Capitol with signs being held up all this stuff that they've been screwing us on. By the way, it's the tip of the iceberg. 43 million on a gas station in Afghanistan that had no customers. What?
Starting point is 00:10:41 Who got that contract? Where did that money go? where is every dime? I'm thinking about what I can do, but I think they're already doing it. And when you see people in the capital on a certain side calling Elon Musk a Nazi
Starting point is 00:11:04 for trying to make government better, think about these things. There's more to come. Up next, I mention the markets, the good and the bad. This is the one only investor's edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.
Starting point is 00:11:37 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,
Starting point is 00:12:01 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 888-4-2-5-59. That's 8-8-5-5-9. That's 888-4-22-55-9. Investment Advisory Services offered through call-bomb capital management.
Starting point is 00:12:31 Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM Research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question. of what is the future.
Starting point is 00:13:05 Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things
Starting point is 00:13:22 that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature, right? Yeah. cell phone is a mature technology at this point. How far are we from that point with Quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.
Starting point is 00:13:48 To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon, Hub Delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great
Starting point is 00:14:36 partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for storewide deals and earn four times.
Starting point is 00:15:06 of points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. It's time to switch on the integrator units and get the brain cells working. You're listening to. This promises to be fun.
Starting point is 00:15:40 Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. Okay. So let me finish up. Da-da-da-da-da with Steely Dan. You know how I've been using the biggest gargantuan slush fund in history?
Starting point is 00:16:10 I'm going to have to go into a thesaurus and put up the word gargantuan and come up with 15 other words. let me tell you what they have done. These people, and we'll find out who they are, they're legal thieves. They're legal thieves. They're legal thieves. And I gather most of them are socialist or Marxists,
Starting point is 00:16:49 because as we have said, they're socialists and Marxists with our money, they're capitalists and corrupt capitalists with theirs. since we have nailed this and called this and we're finding all this out, let me go further. We're going to find out their names, and we're going to find out when there was a $10 million contract. Somebody was taking $3 million in salary, spread out over a few people over a period of time. We're going to find out that a ton of this money did not get to its intended place. We're going to find out that unfortunately, the good is going to be mixed in with a lot of the bad because I am sure some of this money went towards things that are needed.
Starting point is 00:17:46 But these are a bunch of crooked SOBs and we're going to find this out. We've talked about people that have created charities to make themselves. rich and foundations to make themselves rich, we're going to find out a lot. And we're going to find out the numbers are obscene. And we're also going to find out not one of these people are going to jail. And the reason they're not going to go to jail, because this was legalized, thievery, through the government that has had absolutely no accountability and did not give a crap about the American taxpayer or Americans.
Starting point is 00:18:41 That's all. Every one of you to go check out the lists that are showing up that are not being refuted, not being refuted. And there's going to be a big paper trail. And I gather, I'm going to guess, some very notable people in government, in past government, has made themselves wealthed beyond beyond,
Starting point is 00:19:24 and they are squirming right now because they know they're going to be found out. Thank you Elon Musk for creating Doge. And let's strip away all this. Keep the stuff that's important. remember nobody's saying we should not be doing some of these things we should be doing and of course there are people on the left saying oh that's what's happening no Hillary Clinton Elon Musk is mounting a Blitzkrieg style administrative coup of the
Starting point is 00:20:06 US government assessing and editing critical systems that manage everything from Social Security payments the private tax I think she's probably sweating her you know what's off too she's We'll keep reporting. We'll keep reporting. And I have to tell you, we take no joy in having to report this. No joy that we entrusted these people just to do the right thing and they are legal thieves. and we can't wait until names are named. We segue, and we are doing this show in the last hour of the market today. A few things of note and of imports.
Starting point is 00:21:14 Let's just talk about today. Just today. I'm going to go to price change for starters. And I'm going to start today with the winners because we're in the midst of earnings season. Eli Lilly's up $28 was up $45 on their earnings report. The stock had been under pressure. We'll see if that changes the tune, but we just want to let you know.
Starting point is 00:21:53 Ralph Laurenne, interesting. This has been in a bull market, Ralph Lauren. And open today, I believe it hit a high today, get this, of $289, up $40. It's up 24 right now, still good. But Ralph Lauren, catch in my drift? There, Philip Morris, manufacturing sales of cigarettes and tobacco stuff and nicotine products, up 10% today on a gap to a new yearly high, Philip Morris. Hilton didn't gap up, but very quickly went up, up 5%, $12.90 to 271.
Starting point is 00:22:45 Earnings only up five revenues up seven, so I don't know what's going on there, but the market loved it. And that brought Marriott up also $10. Marriott reports in five days. Yum brands, you know, the place where if you eat too much, you get real fat. They own Pizza Hut Taco Bell and Kentucky Fried Chickens. You ever see that calorie counts there? But by the way, the food is good. I love Pizza Hut pizza, especially when they, I'm big on well-done cheese.
Starting point is 00:23:21 And Kentucky Fried Chicken, man, that stuff is good. That was up $12 today to $143 on three times average volume. Earnings up 21, revenues up 16. That is an acceleration of earnings and sales from the prior quarters. Now, by the way, we're not telling you to buy, sell, short, or cover any of these. We're reporting to you how just a slew of things.
Starting point is 00:23:50 Remember Goldman Sachs, and I have to disclose we bought this on earnings. up 12 in New Yearly High. You had really good reactions in Goldman Sachs, Wells Fargo. JP Morgan was kind of a subdued reaction, but then got going. That thing's at a New Yearly High today also. So the big banks on the move. Up next, what else? And then the other side.
Starting point is 00:24:16 I'm Gary. This is the one only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbeta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI,
Starting point is 00:24:57 coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a level, legacy of building stuff, building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature.
Starting point is 00:25:33 My cell phone is a mature technology at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area
Starting point is 00:26:09 on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash Hub Delivery. That's Amazon.com slash HUB delivery.
Starting point is 00:26:28 Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock-up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible. items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sung, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery.
Starting point is 00:26:57 Restrictions apply. See website for full terms and conditions. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So we're going to do a few more. And then we're going to go to the other side. How about tapestrate? I got to check that.
Starting point is 00:27:36 I really haven't. Accelerating earnings and sales. Was up 8 today to 82. That's a 12%. It did hit 87. So maybe it's a little bit extended here. You know about Palantir. Gapped up two days ago, settled yesterday, up eight today to 109, and let me state for the record.
Starting point is 00:28:02 I was thinking about buying Palantir all day today, and I did not. And I know I'm going to have to get into it. This thing wants to go higher, PLTR. Strong day to day. So that's a little bit of the upside. But to show you, you know, there's that other side. And as we say to you, you don't know which and you don't know when. It's tough to predict.
Starting point is 00:28:43 But on the downside, how about SI time, a semiconductor company, down 40 today to 18%. 18%. How about Molina Health? What area we've been warning you about? Not because we know too much about the industry, but because the industry's been the bare market. The managed care. Molina Health managed care. Down $34 to $282.
Starting point is 00:29:11 They manage health care services to $5 million members via government-sponsored programs. And you already know about the United Health situation. How about Wex? Weex. Payment processor. Down $33 to $153. Catching the drift? How about SkyWork Solutions?
Starting point is 00:29:38 You ready for this one? Right now it's at $65. I'm rounding. It's down $22, down 25%. Semiconductor manufacturer. And in case you don't know, it was $200 in June of 21. Equifax, down 20 today to 250. Impinge another semiconductor name.
Starting point is 00:30:10 Down $19 today. to 107. How about PTC Corp? 2D and 3D computer-aided design down 20 bucks to 170. 10%. Betton Dickinson, a very well-known medical supply and device company. Down 18 to 227. Snap-on.
Starting point is 00:30:38 Tools. Down 17 to 339. I can. go on. Not so sure I need to. His ensign group down 13 to 136 nursing home facilities. Micro strategy. Honeywell in the Dow down 12 and change to 209 and change. Honeywell. And that is in the Dow. So we're just letting you know there's a lot of jello moving on the plate right now. we've gotten through most earnings, Google Gap Down, Netflix gaped up. You just don't know which.
Starting point is 00:31:29 You just don't know. And you don't know if a gap up's going to continue higher or gap down is going to continue lower. You just watch and you stay in tune. And you get in with your pattern recognition and see what occurs. As I mentioned, the case like Palantir, which I don't own yet, Gapped up two days ago, came in yesterday. Boom, up today. And by the way, usually that would be because of an upgrade or something.
Starting point is 00:32:00 I saw no news. Institutional buying. Ridiciously expensive stock. Market doesn't give a crap. And then there's things like Gartner Group. In case you don't know, this is an information technology research company. The stock opened up at 584 three days ago but closed at 5.4. 47 and is continued lower.
Starting point is 00:32:32 You think this is easy? McKesson, drugs, health care products. You know what that did today? It opened up and went straight down to 575, down $32. It's only down $9 now. So it's better. Still a mess. But this is what we're constantly watching,
Starting point is 00:32:59 constantly looking for and the wise. I said to you before a couple of names, boy, accelerating earnings and sales on a retailer, on a restaurant will be paying attention. Other things happening today, oil stocks just ain't making it. I was wondering while the oils have pulled back, it just looked like they needed to pull back more because oil prices have really tanked in the last three weeks, they tanked the oil stocks today. And they remain in what I call a yuck phase, certainly not an uptrend phase. And then the semis. I must repeat something. I follow 85 semiconductor stocks daily,
Starting point is 00:33:57 and I put importance on 15 of them. The important ones are, let's see, analog devices, Texas instruments, applied materials, AMD, KLA 10 Corps, Lamb Research, Micron, Marvell, Microchip, of course, Nvidia, Qualcomm, Taiwan, semi. I got to tell you, there are a bunch of blowups today in semiconductors. More blowups, more bad action. And it seems to me the only ones with decent relative strength are the artificial intelligence names. And when I mean decent relative strength, that ain't saying much, which has me asking the question, what is going on with all these chips that are not artificial intelligence? You know, the equipment makers are still way, way down from recent highs. Lamb Research
Starting point is 00:35:08 113, it's 82. Applied and that's months ago. Applied materials 253, it's 182. ASML, by the way, they rallied a little bit at least recently. 1110 to 735.
Starting point is 00:35:25 And then you have bigger disasters in AMD 227 to 109. Keep that in the file manager. Gary is saying to you, in the midst of this AI boom, they're murdering the semis. Notwithstanding the Broadcom, which has climbed up the rope after gapping down on last Monday's China thingabob. Taiwan semi gapped down last Monday.
Starting point is 00:36:06 Trying. But Invidia, just getting back above the 200. day moving average after getting hit. And I'm just wondering, here's the wondering, 75 billion, 60 billion, 80 billion, 100 billion, billion this, tens of billions that. Are they really going to spend all that? And what are they going to get out of it? These are questions that should be pondered when I see so many semiconductor stocks acting like the south end of a northbound jackass. You can picture that, right?
Starting point is 00:37:06 The Dow's down 200, but the S&P's up six because the NASDAQ's up 31, NASDAQ 100, 38. But I got to tell you about a half hour ago, we had like a, we dropped through a trapdoor. We were down 320 and the NASDAQ was down 30, but then it stabilized and better here as I speak. But I must tell you, as again, a lot of jello moving on the plate today. some extended names really on the pullback today, which is not bad, but a lot of jello moving on the plate. Up next, what else we got to you? Thanks for being here.
Starting point is 00:37:44 I'm Gary. This is the one only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business. My one advice to them, pick areas you can scale.
Starting point is 00:38:25 Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind it. If anybody is not using AI to make their developers who write software 30% more productive today with the goal of being 70% more productive.
Starting point is 00:38:53 Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology.
Starting point is 00:39:07 It's getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. Want to earn extra income for your business? Amazon Hub Delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business.
Starting point is 00:39:39 Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash Hub Delivery. That's Amazon.com slash H-UB delivery. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA,
Starting point is 00:40:07 Silk, Capri-Sung, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. You're listening to.
Starting point is 00:40:29 What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! And what once again to Investor's Edge? So the Dow is down over 200, but it's not so bad. Here's what's going on to Dow today. AmGem was up 19 yesterday.
Starting point is 00:41:06 It's down 10 today. about 65 Dow points. Salesforce.com, very important software name, the only news is one of their head honchos is leaving. Down $16 today, breaking back below the 50-day moving average, we'll call that 90s, about 105 Dow points.
Starting point is 00:41:29 Honeywell, down 12. 72 and about 78 Dow points. United Health 65 Dow points and again the managed care stocks ew you know as we tell you here one of our big goals
Starting point is 00:41:48 is never ever to be in bare markets when I lose money it's because we buy something that's emerging and fails and we had a bunch of that in the year 2004 but since we're so specific on where we buy we're just only losing
Starting point is 00:42:04 small on each one What else? Nike. Only down two and a half, but brutal bear market for Nike. Brutal bear market for Nike. But on the upside, as we mentioned, Goldman Sachs up 11. It's about 70 Dow points. J.P. Morgan, 5. And by the way, that's a big five for a JP Morgan. You got McDonald's up four. I think that edges back above the 50, but that doesn't matter. they report in a couple of days. And Vida up three in change in the midst of nothing.
Starting point is 00:42:42 And VISA just a little normal pullback, no big deal. Visa. The greatest bookie on Earth with MasterCard. And I missed Visa. The stock started moving a few days before earnings and couldn't get in, now just extended.
Starting point is 00:42:59 The last little breakout 322, it's 347. Gotta wait for pullbacks now. So just letting you know, on earnings, the good has been gooder, the bad has been badder. Really, quite the wild moves, ladies and gentlemen, on earnings, which, you know, calls into question. Like, my question on Palantir, isn't that extended? I'm going to wait? Well, it didn't wait for me today. I'll make a decision tomorrow.
Starting point is 00:43:38 I got news for you. If that thing's going to 150, I'm going to be in. Yields bounced a little bit today. No big deal. Oil prices again down. And again, oil stocks, a bunch of them really got hit today. And if you look at the three ETFs for oil, the OIH, gross. The XOP, gross.
Starting point is 00:44:03 The XLE, which is the big oil, gross. it's a place I just were known there's a few oil stocks as always that have been strong or stronger but most
Starting point is 00:44:18 are just miserable most just miserable Amazon after the close I don't expect I have no idea how it's going to react I don't expect bad numbers but you never know how it's going to react
Starting point is 00:44:35 as I have said to you the apartment I'm at at New York City. Every day I walk into the lobby and there's 50 to 100 Amazon packages. Jeff Bezos really create unbelievable. Amazing. The creation of that company and its ability to stick and create and they got into web services. They bought they buy that pill company. I forgot the name of that pill company.
Starting point is 00:45:10 and who knows what they're going to do next. But as I have said to you at Amazon, I went and bought sticky pads. I paid half price from the store. I bought these file things for taxes, half price from the store. Those yearly day minders, it was $65 at the store. I paid $29.
Starting point is 00:45:36 The same product. Same thing. And I'm thinking to myself, how are they able to do that? How are they able to undercut the stores? And aren't the people making the product? Don't they worry about that? And I understand about stocking and all that stuff, but 50% less? What a time, ladies and gentlemen, we never used to have this.
Starting point is 00:46:12 I ordered Uber Eats today For lunch Because I don't I don't leave the office Boom came in on time Got to pay a premium But hey I'd have to go out in the slush I don't think the kids know how good they got it
Starting point is 00:46:32 When I was a kid I had the Encyclopedia Britannica And it was a year old They now have Google Where they can look up anything And get everything Encyclopedia Britannica You look up Abraham Lincoln, they have like two pages on them. Amazing.
Starting point is 00:46:53 Make sure your kids know how good they have it. Versus what we had just in the 80s. When I was young, we had channels 4-710, 23, and the Spanish station Canal 203 in Miami, Florida. I used to watch the Spanish wrestling. channel 51 was the cartoons Prince Planet and Speed Racer 4, 7 and 10 oh and 2 was PBS that's all we had
Starting point is 00:47:28 and not until I went to college that I get the MSG network and a few cable channels now, holy crap you need to tell your kids that because there's a lot of whining complaint out there I got to tell you we got it so much better than just how long ago.
Starting point is 00:47:56 go. My first car was a Malibu classic, but I do think I paid $4,800 for it. It was a pretty cool car, though. Anyway, thanks for joining. You have a great evening drive carefully. We did a lot today. And 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. until tomorrow. By the way, noon hour Fox Business Network, check me out tomorrow. Peace out all. Serenity now. Good night. This has been Investors 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. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners
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