Investor's Edge with Gary Kaltbaum - BIG TROUBLE FOR THE CONSUMER

Episode Date: October 19, 2022

Follow Gary on GaryK.com or http://garykaltbaum.com

Hey, it's Ryan Sechrest 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, Silk, Capri-Sun, 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. Investor's Edge with Gary Cultbaum. 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 Colpom, your host day.

Thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you were listening. It's October 19th. It's Wednesday. The day before my father's 91st birthday. My father's going to be 91. And he's still out and about, yelling and scream.

dreaming during the Giants games. It's a better year for that. We'll have a little birthday tomorrow. Hey, ladies and gentlemen, this is the most important radio, TV, any show on you and your money. The markets, the economy. We've nailed it for you for the last, really since February of 2021, but you actually can go back much further than that as we predicted all the bubbles. I mean, everything. no really everything

and we're not going to stop now we're going to continue to be straight with you have no bias on our opponents in both parties got a little bit of that today and just keep you

one little step ahead of markets when all hell is breaking loose. Simple as that. But first, if you do not get this radio show in your city, guess what we're going to do? We're going to post it to garyk.com. We'll also post it on our Twitter feed. If you don't follow us on Twitter, you should just put our name in or go to our, you know, GaryKade.com and press Twitter. You can email me, just be nice. And all that. I just want to let you know, first and foremost, Elon Musk. We're just going to start with that real quick because we're waiting for Tesla earnings. Do you know what he tweeted out at three

o'clock, an hour before earnings, or maybe an hour and 15 minutes before earnings, this is this tweet, I will not let you down no matter what it takes. What? A CEO of a company, a CEO of a company, is tweeting, I will not let you down no matter what it takes before an earnings report. What? Is anybody going to say something, do something, anything? Do you know how, I don't know if you call it a violation, but one would suggest that's a regulatory

problem. I will not let you down no matter what it takes an hour and change before an earnings report from a CEO of a company. So I tweeted back to Elon Musk. I actually tweeted back to him, trying to help him. He did not tweet back to me. I tweeted to him, good service. Sir, do you realize you are putting this tweet out right before your company is reporting earnings?

Maybe you want to think before you. Dot, dot, dot. Nobody's going to do anything about it. He's Elon Musk. Richest man in the world. Right? Anyway, when earnings come out and it starts moving, we'll let you know. I'm starting to see it move a little bit here.

It's up 3% in the aftermarket. But moving around, we'll get to that in a little bit. But ladies and gentlemen, as you know, it's election season. and our opponents are very loud right now. Debates. They're debating back and forth. The hate for each other. The disgust for each other.

Because they care about us. They're here to work for us. We're here for you. Yes, just you, the people of America and our state and our district. Yeah, right. Ladies and gentlemen, I want to do two things before we get going with today's markets, which, by the way, we're not thrilling. First off, you know what the Republicans are doing right now for the last couple of days? I noticed this.

The Republicans. All of a sudden, they care about debt and deficits. When we take over, we are going to care about the debt and the deficits. When we win the House, if we win the Senate, the bills are going to be much smaller, much more caring. The Republicans. And we know for a fact the reason why there's inflation is because how much spending in debt Joe Biden did over the last whatever since he's been out there. Yeah, but nobody fails to mention under Trump, six trillion of new debt, under Bush, five or six trillion under him. That's only 11 trillion of debt under the last two Republican presidents.

Oh, no big deal. Right? So they're full of crap. They're not going to do anything about the debt and deficits. They don't care. What the hell do they care? They don't care a lick. You know when they care?

They only care when they're in power. that's either party they whine and complain they whine and complain they whine and complain they whine and complain about debt and deficits and none of them do anything about it because they're all full of crap let me continue Joe Biden's out there today telling us how he's going to save the day on energy prices

you know I don't know if you know who a Peter Ducey is he is the fox White House journalist. And he asks very tough questions of this White House. And he asked some appropriate questions today of

and I feel terrible for her. Actually, I feel terrible for any press secretary because their job is to just lie. He asked Joe Biden is talking about energy and production. Why would anybody believe him? Oh, because that's

But Joe Biden, here is this quote. We're getting rid of fossil fuels. Why would anybody want to produce if you're getting rid of fossil fuels? And of course, the press secretary, humana, humana, homina, homina, homina, like Ralph Cramden. So the president was out today blaming the gas stations. You know, the gas stations that make like two cents on gas. Wasn't blaming like the taxes on gas in all the states, led by beautiful California. Gas stations.

And of course he was BSing. Remember, just remember, we deal in facts here. And for six or seven months before Russia invaded Ukraine, inflation was really picking up, oil prices really going up, and Joe Biden and the White House came out every day to say, we thought it was transitory, we think it's transitory for months. But now they called it the Putin price hike, even though Putin didn't invade till after.

And of course, when they get asked by that, homina, homina, homina. But I must tell you what takes the cake today. And you can go look at the video just in case, just in case I misunderstood it. You know, you never know. Sometimes you can misunderstand. Nah, that can't be right. I can't be wrong.

So as you know, there's governorships, their Senate, their house. There's a woman by the name of Stacey Abrams, another lying sack, winds and complains about the Republicans questioning elections. Yet when she lost the election, all she did was claim that the election was not real. It was BS. She was screwed. It was fake. And now she's out telling anybody I never said that. yet there's video on video. And of course, the people that interviewer don't play the video for a. Can you want, would you like to please explain this because you're on here lying to us?

They wouldn't do that. Why would a journalist do their job? Well, speaking and not doing their job. Do you know what Stacey Abrams said today when asked about inflation? I'm not making this up. And I'm paraphrasing, but it's what she meant. Are you ready? You can get an abortion.

What? You're a family. There's inflation. You're paying up for a lot of things. And you're pregnant. Get an abortion. That'll help you out with inflation. Go look up the video.

And you wonder why we're where we're at. Up next. We'll put a bowtie on it. Today's market. Much more. Yes, it's me. 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 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.

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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. Don't pick the shiny little toys on the side. For example. If anybody has more than 10%, you know, of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software

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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. And welcome once again to Investor's Edge.

So let's finish this up. You got the Republicans lying about what they do about debt and deficits. They're just plain lying. You got Joe Biden lying about energy and oil prices and what they said and what they did and how they reacted to it. But really, the cake for me. And here's what I want you to do. Screw me. Forget me.

I don't know what I'm talking about. Go check out the video. She's being interviewed about inflation. and she didn't say the words, go get an abortion to help out with inflation. But she did. And it wasn't even a roundabout way.

Well, you know, an abortion, this is somebody running for governor of the great state of Georgia. By the way, one of the most beautiful states. I've got to the Masters a few times in Augusta, man, it's so beautiful there. She's running for the government. to fight inflation, get an abortion.

Now, I hope I'm wrong. If anybody sees it differently, you have to go checking it out. Please email me. I'll be glad to look at it at the fifth for the fifth time. This is what we're dealing with. Anyway, do not get an abortion to fight inflation, okay? Don't let inflation make you do that, okay? Is that bad for me to say?

Because we really don't usually touch abortion. here. But this is about economics. And you and your money and markets and the economy and all that stuff. And interesting, the, I'm thinking to myself, okay, you got this guy interviewing her.

Shouldn't the next question be, did you just say to fight inflation, consider an abortion? Do you actually think he asked that question? The follow-up question, the important follow-up question, just to Come on.

I got to make sure this is what she meant. Do you think there was a follow-up? Nope. There was no follow-up. Screw that. Why would I follow up that? Anyway, that's that. So that's our little whatever, whatever, whatever on the day.

Now, here's some very important things today. when I give out the final numbers on the market, the market was much worse than the numbers today. When I give out the final numbers on the market, certain areas much, much worse. When I give out the final numbers, two negatives really stuck out today. And we can say, man, shouldn't the indices been much, much worse today with the number? with the numbers I'm going to tell you about, but I'm repeating again, the market was much, much, much, much worse than the indices today,

and I shall explain. But Tesla, I've got it down $10 in the aftermarket. Tesla missed by $3.3. Estimates were a little bit lower than, you know, by 3 cents. Revenue, they missed on. revenue, but don't worry, everything's going to be great going forward. Market didn't believe it. Stock's down $10 in the aftermarket.

Just remember, it's all fluid. It can change overnight. It can get worse. It can get better. Keep in mind, Tesla's stock was 313 just four weeks ago. I have it at $211 in the aftermarket right now, down $11 in the aftermarket. So it's already down marketly over the last few weeks and still no help in the aftermarket. Again, that can change.

Next, I've got IBM. I've got it up four and a half bucks in the aftermarket to 127. The stock was 139 about six weeks ago. But IBM stock, more importantly, are you ready? Stock is where it was in May of 2001, 21 years of no gains on IBM. So maybe it can be up or not, who knows. Lamb Research, an important semiconductor name. I'm actually showing it maybe up a buck or two in the aftermarket, I think.

Those are three names of import to me. And they're going to bounce around. Before we go off the year, we'll let you know like Tesla just moved up two bucks in one minute. Yesterday in the aftermarket Netflix, finished up 30 bucks on the day today to 270. Mind you, the stock was 701 in November, and earnings were down 3%. Revenues were up 6%. Those are not great numbers. The story was, I think there's two stories. A, it was so down so far. They're now going to be charging different platform to charge a few bucks for advertising. I really haven't looked into how it's going to work that much. Of course, all the analysts are praising it because they still have their buy recommendations on from $700. So of course they're going to praise anything they do is good. Yeah, yeah, yeah, yeah, yeah, yeah.

We reiterate by, yes. You are. Reiterate by. So that was Netflix. An important semiconductor name, ASML Holdings, was up 25 today. Earning's down 15% revenues down seven, not great. But the stock's gone from 881 last November, closed at 424 today. So still down over 50%.

but then you had hmm you ready m&T bank this has been one of these regional banks that has held up great in fact it was right at a yearly high yesterday

down $27 today down 14% to 163 oh who cares about M&T bank well yeah we do M&T bank and then you had lithium motors. It's just an auto dealer. Down 14 today.

To another yearly low, 194. I was 366 a year ago. I take it back. It was 417, 418 in March of 21. That was the other high. So there were blowups too. But then there are other things that went on today in the market that are what I call sore thumbs, identifiable marks.

And I can flat out tell you, if continues, would not be great news, just fundamentally. Fundamentally, number one, interest rates, another high we went from, you ready, 3.98% on the 10-year to 4.127 in one day. and the last I looked earlier, I believe a 30-year average mortgage is a 7.2 now. Go check that out. Up next, what else?

What else? This is the one only investors' edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata. 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. 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 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. My cell phone is a mature technology at this point. How far are we from that point with Conta? 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.

Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for storewide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, ORAIDA, Silk, Capri-Sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. 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. Today, we're exploring deep in the North American wilderness among nature's wildest, plants, animals, and cows? Uh, you're actually on an organic valley dairy farm where nutritious, delicious organic food gets at start. But there's so much nature. Exactly. Organic Valley small family farms protect the land and the plants and animals. animals that call it home. Extraordinary. Sure is.

Organic Valley. Protecting where your food comes from. Learn more about their delicious dairy at ov.c-o-o-op. They'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. Welcome once again to Investors Edge. And then there's Generac Holdings on there. earnings down 38 bucks today. 25%.

And I wondered when E and the hurricane hit, usually Generac, because you know what they do, generators. It never even rallied. Normally it does. Smoke today. Smoked. So on the

move and interest rates again today, by the way, the two-year yield, Wait, wait, wait, excuse me, the three-month treasury bills at 4%. The three-month treasury bill, the two-year yield, is it 4-5-5? Are central banks at three? But because of interest rates, do you know what's hitting new yearly lows,

even though we just had this big reversal in two gaps to the upside days? housing and housing related a bunch of retail autos auto dealers just retail consumer stuff blasted today

not so sure that's good news new yearly lows even though we've rallied up you ready Carvana Alibaba Alli Financial CarMax Comerica, big regional

Auto Nation This is not good news Home Depot and lows A croaking Northern Trust So when I said to you Don't pay attention When I give out the final numbers today

I'm going to explain the second Because the other part of the equation today Oil was up three bucks today That's not good news either So today's market wrap is brought to you by investment dash models.com. That's Jim Roarback, one of the great market timers. No gray areas with the man you're either in or out of the market.

It's proprietary indicators. Go check it out. Investment dash models.com. The Dow was only down 100. It was down 200 at one time. But in the Dow today, you had some help. Travelers was up seven on its earnings. Down 15%.

But don't worry, they beat the number. And Chevron was up five oil stocks. And may I state for the record? We haven't said this often in the last year. On anything, really. Beginning of the year, we set it on oils. There are some oils setting up very well to go higher right now, especially some of the bigger oils.

That's not great news. Oil prices going higher is not great news. So with the Dow up 99, Dow down 99, 99, 99, by the way, on the Dow. The S&P was down 25. The NASDAQ was down 91. The NASDAQ 100, though, was only down 44, and that's because Apple was flat, Netflix up 30, that type of thing. And the Sox was up 16 today because of that ASML, a little bit better. But are you ready? Number one, the advanced declines were pretty much the equivalent of a Dow being down 400 or 500. On the New York 990 up 3,22 down. On the NASDAQ 1200 up 3,231 down. New Yearly lows skyrocketed today. Next, the Russell 2000. It's only 2,000 stocks, the small caps. And I heard somebody, was it yesterday the day before, got owned small caps? I'm like, what the hell they looking at? They were down the equivalent of about 500 Dow points today.

Mid-caps, about 500 Dow points today. The underbelly of the market was so much worse than the Dow today. And as you know, we'd rather have it the other way around. My screens are except for energy, semis, which have been in a brutal bear market anyhow, and defense stocks, because everybody likes a good, war, my screens are beat red. You know what else they beat up today? The high beta growth, software, past leaders of last year that have already been destroyed.

They were whacked again today. Not great news. And just things that were holding up, ain't holding up. You know what's holding up recently? Remember we told you? Waste management, they broke down, the solars, they're gone. You know what else has been holding up recently? Some of the big biotech.

You know what got slammed today? Big biotech! So, you know, and very simply, if oil prices and yields keep going higher, bad, if they come down good. Just fundamentally. Just fundamentally. Tesla, as of this second, in the aftermarket, I got it down. $8.50. I have IBM up only about $3.90 now. And what was the other one? Lamb Research? Only up three bucks in the aftermarket. And that's it. We've got a lot more earnings to come out.

In the next three weeks, we'll look at the reactions. We'll check it out. But I got news for you. The consumer stocks today acted like the south end of a northbound jackass off of higher oil and a new record high in yields. That's a killer. Affordability. You couldn't afford homes a year ago because of the bubble because of Jay Powell. And now because of the inflation and the bubbles popping because of Jay Powell on the bubbles he created, now you doubly can't afford it. And even though housing prices, remember, we predicted it before anybody else. We get no credit and we don't care about credit. We just want to protect counter. and make money. They keep parading people on TV to tell people, yeah, the housing market.

We told you two years ago that that'll be one of the final outcomes because it always is. The housing market. Anyway, affordability was a problem, but now, what was the low on mortgage rates? It was under three, right? It's now 7.2 on a 30 year, which, by the way, is a scam. You should always go get a 15 year. it's a lower yield and you're paying off principal from day one. It's a little higher payment, but you're paying off principle from day one instead of a 30 year where you're paying off principle like in year 16. It's another great scam perpetrated by the powers that be. Just a terrible day with the Dow only down 99. Tomorrow will be another day.

And tomorrow's earnings Blackstone. Union Pacific. Yeah, CSX, Whirlpool. Housing. Housing-related. Home Depot, Lowe's, Floor and Decor, Royalpool, William Sonoma, Sherwin Williams, Lenar, Toll Brothers, D.R. Horn, all of them. They can't compete with what's going on. And I don't know if you've seen the numbers on housing.

Through the floor. wish I had better news. We want to report good news. Oh, did I tell you with $31 trillion of debt? Yay. Oh, did I tell you the higher rates makes the debt more expensive? Yay. But don't worry, the Republicans are going to come to our rescue.

Yay. Speaking of yay, he's still an anti-Semitic piece of crap that I can't believe people are still interviewing. He should be shunned. shunned. Why even interview him? Holy crap. Help to take a flying leap off of Mount Racist. Anyway, how's your day? Tonight, when I scan, oil stock setting up, we'll let you know if they bust out.

Not much else. Up next, this, that, and the other thing, and whatever else. This is the one only investors at. 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. Isn't it a perfect problem for IBM because you kind of need to have a leg, 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. My cell phone is a mature technology at this point. How far are we from that point with contact? 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. 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, Oira 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.

So what do this animal... And this animal... And this animal... Have in common? They all live on an organic valley farm. Organic Valley dairy comes from small organic family farms that protect the land and the plants and animals that live on it from toxic pesticides, which leads to a thriving ecosystem and delicious, nutritious milk and cheese. Learn more at ovie.coop and taste the difference. You're listening to.

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culpa. And welcome once again to Investors. edge. Yeah, I was in one of those moods today. I just have to tell you, it's so frustrating. The frustration. You know, we had four years of Trump. And during the four years, I had it, I said to you on this show. I got to verify every freaking thing the guy says. And I took no joy in that. But it was basically, he would stand in front of a rain shower and say it was Sunday.

out. Biden is making Trump look like a truth teller. I actually think he is worse than Trump on lying. And I say that for a couple of reasons. Number one, the Washington Post doesn't have full pages of his lies. The media doesn't care about it. Eh, you know, it's just Joe. But his lies are affecting families. Inflation is trans-story. No, it's the Putin price hike. Inflation is trans-hart. No, it's Putin price hike. We never said that. Oh, yes, you did. We never said that. Oh, there's a video of it. We never said that. We lowered the deficits. No, you didn't. We created all these jobs. No, you didn't. The job's just coming back from COVID. You just stopped the spending from COVID, so you didn't lower the spending or deficits. Just were normalized. Oh, and by the way,

Joe, Joe, Joe, Joe, you know, you still have $1.3 trillion of debt this year. So how are you lowering the deficit. Well, it was two points. Something like you. Yeah, but it's coming off of the COVID. But it's not our fault on oil prices. Yeah, but you said you wanted to get rid of fossil fuels. But then you tell them to produce more, but you want to get rid of fossil fuels. Why would anybody build refineries if you keep saying you want to get rid of fossil fuels? Why would anybody invests billions of dollars in new refineries if you say you want to get rid of them? Why would anybody build new refineries if you call them criminals? You're telling people they're gouging consumers that they're evil. Why would they invest billions of dollars? I didn't say that. Oh, yes, you did. Here's the video. And we're back to 86 bucks in oil now.

And in case you don't know, we're in the 50s in 2019. And as you know, I don't blame Biden for all of it. I blame him for a lot of it. Some of this is the Fed on oil and the bubbles. But President, Colt bomb. If I came into office, I would say these words. We're going to get oil prices down to 50, 60 bucks. And you know how we're going to do it? Economics 101. There's 70 billion barrels underneath the Permian Basin, estimated 250 billion around the United States. It's going

to take time. We know how this works. But every trader, speculator, investor on oil are on notice. We are going to produce the living hell out of oil And we are going to be independent And you know what's going to happen to oil prices That moment Squish Not Joe Biden Oil companies are evil

They're criminal They're trying to screw you They're gouging Hey gas stations You need to lower prices But we're going to lose money We'll have to shut down if we lower prices We make no money on gas

I don't care This is the crap that's going on And I feel so bad for the press secretary of Joe Biden. My, oh my. She's got to answer for all this BS. Oh, we cut child poverty in half. You did what? You're telling me you took half the children out of poverty?

How do you do that? Oh, we gave a tax credit. Wait a minute. Wait, wait, wait. How do you take half the children's country in poverty out of poverty with a tax credit? It moves above that line on poverty. Oh, so they're really not out of poverty. You just got this little line here that you make up.

You think anybody's asking those questions that I just asked? And now you want to know why markets are swooning? Bond markets are swooning. But the job market's great. What did we tell you about the job market? It's the last thing to go. in order at the end is housing and jobs. The reason housing?

Because people live in these places. Jobs? Because employers are nice. The last thing they want to do is get rid of people and they also have to gauge. What does that mean? Well, if I get rid of 10 people, what if demand comes back quickly and I need to get people back

and then I don't have enough? So they kind of do it slower. But then, guess what's happened in the mortgage business? Guess what's happened in the crypto business? Once they recognize this crap ain't coming back, guess what happens? I keep fingers crossed. The job market stays strong. I can't tell you how important that's going to be going forward.

I cannot begin to tell you how important that's going forward. We don't want anybody losing jobs. Even though the central bank is kind of like cheering it on. Central bank's kind of wet in their pants right now for people to lose jobs to help with the inflation they created, but they say they had nothing to do with it. And you wonder why these are the people running the joint when they shouldn't be running a lemonade stand. Boy, would they screw that up good. That all said tomorrow, be on with Stuart Varney, 10 a.m. Fox Business Network, my usual, charming self. And until tomorrow, you have a great evening. Drive carefully. Remember, we have no

bias agenda, alter your motive. 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. And the same time tomorrow, we'll have this show with whatever else is reporting, whatever else we see, to keep you in good stead, in a very rough environment. Have a great one, everybody. Thanks, joining us. Always a pleasure to have you. Bye, bye, all. 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. Hey, it's Ryan Sechrest 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.

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