Investor's Edge with Gary Kaltbaum - Communism sucks [08.05.2025]

Episode Date: August 5, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:00 At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by our store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And walk once again to Investors Edge. I'm Gary Coltbaum,
Starting point is 00:00:50 your host. Thanks for being with us today. Glad you hear, ladies and gentlemen, happy that you are listening. It's Tuesday. August 5th. 2025. Hope you're having a good day. I'm having a good day except yesterday I did some serious leg work squats, leg extensions and all that and boy oh boy am I sore today from pelvis pelvic area on up on down quads, you know, you. name it. I got it. But anyway, serious talk on everything that affects you. We'll do the markets, the economy, your job, your industry, tariffs, communism. You know what I titled today's show? Communism sucks. That's what I titled today's show, and I'll explain in a couple of minutes.
Starting point is 00:01:57 and if you do not and by the way anything that matters will cover it and sometimes things that don't matter but if you really think about it do matter
Starting point is 00:02:12 like the nut jobs and this jeans advertisement it actually matters now if you don't get this radio show in your city we'll post it at garyk.com we'll post it on next feed and if you don't follow us on next you should
Starting point is 00:02:28 And if you like to email us, just be nice. We'll also put it on the biz TV YouTube. You know I watched this morning. You ever hear this Mr. Beast? Mr. Beast. So I've been studying these YouTube people and all these influencers that have got these bazillions. Do you know how he started out? He was 13 years old and he went on YouTube and counted to 100,000.
Starting point is 00:02:58 That's how he first started out. Anyway, you know what I love about the guy? He's doing good things. He's got, I mean, a bazillion followers, and he's doing things for the environment. He's doing things for people in need. I love this guy. I'm studying him a little bit because when I quit all this, I got some ideas in mind. But it needs full time.
Starting point is 00:03:25 And you should also be studying. Do you know how many people out there have gone from? poor to wealthy beyond their means just because of putting up videos and like educational stuff and exercise videos I've been seeing this other guy on Instagram the yes chef just trying out food across the world he's done his own festivals where thousands of people show up it's amazing to watch for all of you that Hate your jobs. Don't like what you do and investigate all this.
Starting point is 00:04:07 There's just a ton of people out there that have changed their lives because they have a passion and they don't know how to convey it. You get out there and convey it. Anyway, I entitled the show Communism Sucks because, by the way, and if you don't think this matters, I can't help you. You could have a communist running New York City. he's winning the election. He's a communist. And I don't say that as a pejorative. He is a communist.
Starting point is 00:04:42 He believes that everything should be shared. He wants to get rid of private property. He said it. He wants to control the means of production. He wants government to own the supermarkets. I'm not kidding. He does not want billionaires. He thinks they're should.
Starting point is 00:05:04 shouldn't be any. Just remember, it used to be millionaires until they became millionaires, so they had to change at the billionaires. He's going to win. New York City. And the amazing thing, he hates Jews, but he's leading by 17 points in the polls on the Jewish vote. And why do I bring this up again today? Because Elizabeth Warren, Senator from what? Massachusetts is backing him. Now we already knew that Elizabeth Warren
Starting point is 00:05:43 was a control freak in who you can call socialist, Marxist, whatever you want to call her and corrupt to boot and very wealthy now on 180,000 salary. She stood with him and backed him. That's another senator.
Starting point is 00:06:03 They're coming out. They're all showing their stripes. Now, interesting enough, a bunch of powerful dems are not behind him, but they're not against him. They're not endorsing, but they're not against. And you may think, oh, well, it's New York City. Well, it is New York City. And here's what's going to happen. I'll tell you straight up front because I predicted it in all these other areas.
Starting point is 00:06:33 the billionaire is going to tell him to go F himself if he wins and they're going to domicile themselves in other states or other places that's for starters they're going to lose those taxes that's for starters police are going to quit they don't want to work for this guy he hates them
Starting point is 00:07:01 he's called them racist he's called the police racist queer haters I believe he said the word this guy is nightmarish and he's going to be running New York City he's winning which is somewhat stunning but he's going to win
Starting point is 00:07:29 and what's the next part of the equation imagine if these people get real power the country We're screwed. These people are nuts. They're control freaks. They're power-hungry, mad, psychopathic control freaks.
Starting point is 00:07:56 God only knows the damage that they are going to do. They claim everybody else as dictators, but they define it. So we just want to let you know communism sucks. And as she was speaking, Elizabeth Warren, he had this smile on his face. Smile. We move on. I want to start out with fig. What the heck is a fig?
Starting point is 00:08:36 Well, there is a symbol in the market now, fig. Like the fig Newton. And it's just a little warning shot to the peeps because you know what we do first and foremost here? Is we want to protect capital when all hell is breaking loose. Or when I see something sticking out like a sore thumb. And as you know throughout the years, we are protected the heck out of you. Not just with, oh, avoid this area, avoid that area, avoid this area, avoid that area. Not just when we say bare markets, the average stock will drop 70% average leading stock, and that happened in 22.
Starting point is 00:09:15 Not with when we tell you to avoid oils and oils go into our own private bear market, but the big stuff. The ones you can really lose a lot of money on. Just recently we have warned you about, and I don't know how. it happens you got a bunch of these Hong Kong and China stocks that have come out with no sales and they run up and I'm going to give you one that just happened simple PTHL so I gather it came out and it never traded just never traded and it was in the four five dollar area and then in June it goes up to 20 out of nowhere in two days Drift, drift, drift, drip, up to $32.
Starting point is 00:10:08 This was just a few days ago. It closed on July 28th at $30.96. The next day, it finished at $1.65. And more importantly, to make matters worse, if you owned it and did not sell on July 29th, It stopped trading early in the day at 2784 and it opened up at $3.45. Now, if this was the only one, I would just, you know, I'd still tell you, but there's been about seven or eight of these that just stopped trading and opened up 90% down. And again, for the life of me, I have absolutely no clue what's driving the bus on them.
Starting point is 00:11:04 I just know the bus is out there. Up next, we'll put a bow tie on it, much more. 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.
Starting point is 00:11:52 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,
Starting point is 00:12:15 call us to make an appointment for a complimentary portfolio review. The number to call is 888-4-22-559. That's 8-8-5-9. That's 888-4-2-2-2. 5-5-59. Investment advisory services offered through call bomb capital management.
Starting point is 00:12:36 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
Starting point is 00:12:59 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 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.
Starting point is 00:13:26 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 IHeartRadio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches, and eye redness. Talk to an eye doctor to learn if Viz is right for you.
Starting point is 00:14:02 Learn more at viz.com. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at on deck.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank.
Starting point is 00:14:29 OnDec does not lend in North Dakota. All loans and amount subject to low. under approval. 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, we've also warned you, but have used the same terminology. We don't know when it ends or how high they go. But we're We've warned you about quantum stocks and nuclear stocks, and some of them have already been trashed, but some of them keep going. And then we use the line if nothing changes.
Starting point is 00:15:19 In other words, when the music stops, when the froth goes by-bye, if a company has no sales and you got a $10 billion market cap, it's going to drop 90% if not more. And how do we know this? Because we've studied every bull and bare market. We know what happens. the companies with no sales when the froth goes. And of course, there's the fad stocks. We warned you about Beyond Meat when it was going crazy. We warned you about Rivian when they opened that up with $180 billion market cap with no sales.
Starting point is 00:15:52 And the market cap was almost as much as GM and Ford put together, even though GM and Ford had 260 billion in sales. Sometimes it's just sore thumbs. So I have also just noticed recently we've had some hot. initial public offerings. We've had some hot ones. But I've also noticed another little dynamic. When the music stops, they get sandblasted. And I just want you to be careful.
Starting point is 00:16:26 And what causes it, you know, hype, noise, whatever. So the latest one is this Figma, FIG, I believe, don't quote me on this, but I think it was, in the 30s an IPO, and they opened it up like at 100, closed the first day at 115. The next day it hit a high of 143, closed it 123. Oh, by the way, that was Friday. It's $78. Friday, it was 143.
Starting point is 00:17:01 Today, it's 78. And we didn't predict this. I'm just letting you know we're seeing more. of this. Oh, and by the way, anybody who bought in the aftermarket now is losing money. So just be a little bit wary of these IPOs. By the way, 10 years from now, the biggest winners are going to be some of the IPOs from today. Not the ones that are coming out with asinine, assetan, 10, and ass 11 valuations, though. So just letting you know we're seeing a little bit of that. If you have a chance, you get a chart up of FIG and you'll see it's been trading for one, two, three,
Starting point is 00:17:43 four days and had a low of 85, a higher of 143 and it's a 78 bucks right now. And I don't even want to get into what they do. I'm just letting you know the mechanisms that are happening right now. That's all. Next, gold miners. We mentioned to you yesterday that the GDX was right there ready to break out, was up two and three quarters percent did edge above that range today. The gold miners have broken out even though the gold has not. Now normally, we're giving you the word normally, normally.
Starting point is 00:18:19 When the miners are outperforming the gold, that's usually bullish as all heck. We'll see. Gold has not broken out, and we just probed it a little bit ago, and we stopped out once it broke the 50 day like the smart people do. And of course, it's bright back above the 50 day. what can I tell you? Small losses. So the gold miners, and there's about five or six of them that are new yearly highs at least. I also want to mention there continues to be money flows in the housing, housing related areas. I'm pretty sure that has to do with the fact. This is my opinion. There is no doubt that they're going to lower rates at the September meeting whenever that is. whether or not that sticks or not I have no idea but we're just letting you know you're getting money flows
Starting point is 00:19:12 if any of you read the book Secrets of Profiting in bull and bear markets by stan Weinstein he has this stage analysis i'm letting you know that probably you've gone from stage one into early stage two in the housing and housing related names whether or not they really go into stage two that's the biggest sending is another story jury will still be out So I wanted to mention that also. Next, look how I'm going through all these things. I'm just letting, you know, some ass clown put out a rumor today that Berkshire Hathaway and Warren Buffett is looking at United Health
Starting point is 00:19:52 or maybe buying United Health, and United Health was up $10 today, which is about 65 Dow points. And let me be clear, I don't know if it's true or not, but if somebody knows something and they're putting it out as a rumor, they're an ass clown. And if they buy it based on inside information, they're going to be a jailed ass clown. We hate these people. Hate's a big word. We dislike these people.
Starting point is 00:20:23 We save our hate for the politicians and our bad sports owners of our favorite teams. Hate and loathe. I like loathe better. L-O-A-T-H-E. I like that word. So I wanted to mention that just in case you saw it was up $10 today. How's that? Okay. Next, earnings movers.
Starting point is 00:20:52 Can I say holy crap? Both sides, down and up, just a big wow to earnings movers. You ready? AXO and up $123. today to 867, 16%. This is, what do they got, weaponry and stuff like that. Just for starters,
Starting point is 00:21:21 how about BR Broadridge up 7% or BWXT ups 18% 27 bucks to 182. Palantir was up 12 bucks to 172. I can continue,
Starting point is 00:21:37 but you get my point, right? How about lemonade? LMND, up 11, 29% almost 48 bucks. On a 60 cent loss because you got to lose money these days to go up big in price, but the sales growth is pretty good. How about tidewater in a very rough and tough oil sector was up 29% today on a surprise earnings report, though sales were only up 1%. It was up 14 bucks to 63. Wild.
Starting point is 00:22:16 And there's a bunch more that had really good moves, not just today, but in the days past. But again, and as we warn and as we tell you, it's earnings roulette, and you just don't know. Because Gartner Group was down 27% today to 92 bucks. How about something called oddity, down 22%, down 16 to 57, or Kindrall Holdings, down almost 8 to 29 bucks or 21%, or Vertex Pharmaceuticals, a past leading biotech, down 97 bucks to 374 bucks, or something called Graham Court down 18%, or shift for payments, symbol FOUR, down 15% to 86, or Voyager Tech, recent IPO, down 6 to 34. Catching my drift up next.
Starting point is 00:23:18 Do a few more of those, them the final numbers and, you know, whatever else. Thanks for being here. I'm Gary. This is the one only Investor's 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.
Starting point is 00:24:02 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 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.
Starting point is 00:24:28 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 IHeartRadio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches, and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDEC is built to back small businesses like yours.
Starting point is 00:25:07 Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDEC's loans up to $400,000 help make it happen fast. rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews. On-Dec delivers funding you can count on. Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On-Dec does not lend in North Dakota. All loans and amount subject to lender approval.
Starting point is 00:25:33 You're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy. With Gary Carlin. Obama.
Starting point is 00:25:50 It comes highly recommended. You're going to feel better if you talk to him. And, and. Welcome once again to Investors Edge. As I was saying, a Palomar tech down 15% today. AdTran down 15% today. Shoals Technology, 13%. Cennis Tech down 13%.
Starting point is 00:26:15 Him and her health, which has been kind of a crazy stock, down 12%. McGraw, Hill, didn't even know it was trading. 12% Transdine down 192 bucks or 12%. Zebra Tech down 38 bucks or 11%. There's the Figma down another 10% today.
Starting point is 00:26:35 That's just a few. I got a bunch more down between 5 and 10% today. And by the way, we're not saying bearish, bullish, bullish, bearish. We're just saying just a lot of jello moving on the plate kids both up and down off earnings reports and we're being very
Starting point is 00:26:53 wary of extenuated moves both sides, both ways, because too far down tend to bounce and too far up tend to come down. And I've noticed today they opened up a few things hot and they slammed the living heck out of them. I noticed something like a silicon labs. Don't worry about what they do. But they opened it up and finished down 5%. Was down 10. Got to just be careful because you don't know throughout the earnings day. But the Dow was down 62 today, even though United Health was
Starting point is 00:27:31 finally at an up day, up 10, and I'm pretty sure it was on that rumor. Pretty sure. S&P Worst, down 30, and the NASDAQ down 137, down 170. So I want to put little pieces of the puzzle together. We had some good distribution into Friday,
Starting point is 00:27:48 and we woke up yesterday into a gap to the upside in a strong day, and now had a little bit of a right, day here's your Gary's guess I think we got some backing and filling sitting and shucking and jiving and all that stuff right now that's my guess I'm thinking that little top was put in place probably gonna be something for right now though as we said money flows into utilities money flows into the housing and housing related.
Starting point is 00:28:26 Symbols like BLD, which was up 20 bucks today on their earnings, or LGIS, a home builder, up $4,70 to almost 60 bucks on their earnings, that type of stuff. So a little bit of movement going on right now. I don't know to what extent. I will tell you, we lopped a few things off, stopped out of a couple of things, misplayed a thing or two also. And when I use the term misplayed, it just means. I got stopped out but I think maybe we're gonna get a little bit of a I'm not gonna say headwin I just think maybe a little stall
Starting point is 00:29:07 Notwithstanding big earnings reports or bad earnings reports and may again for the record Just some really extenuated moves in the aftermarket of note of import. I've got AMD down a whopping two and a half bucks in the after market as I speak on earnings But I also noticed something like an upstart, closed at $80. It's down $10 to $72 and change. This is one of those wimpy companies. I'll pay you Tuesday for a hamburger today. I think this buy now, pay later, the rooms to go loans. Boy, oh boy, I wonder, I gather some of the greatest shorts in history
Starting point is 00:29:57 would be these buy now, pay later loan. companies when we go into a recession. I got to figure these stocks get mauled. And by the way, upstart went from 400 down to 15 in the bare market. Just letting you know. By the way, I'm not ripping the companies. I'm just letting you know this buy now, pay later society we're kind of getting into. I'm a Dave Ramsey kind of guy.
Starting point is 00:30:32 I have credit cards, but I never pay interest. I'm always paying them off. And I just know there's a lot of people that are neck deep that can't pay their cards and they're ending up paying 30%. You know? By the way, AMD, I got it now down $7 in the aftermarket. I don't know what they've said. But the stocks had a good move up.
Starting point is 00:30:56 We'll see. And it's down $10 for the day overall. Not the leader of the group. We'll see if it knocks anything down tomorrow. If this continues. Remember, they report earnings. Then they go into a conference call and all that crap. I'm also noting that Super Micro closed at 57.
Starting point is 00:31:23 I got it at 48, so that's getting smacked also. So a couple of little things getting hit, which takes me to something else I would like to be a little bit louder on. You ready? The S&P 500, this 500 stocks. Equal weighted means that each stock is worth the exact same thing going up or down. and they actually have an equal weighted ETF, the RSP. That means
Starting point is 00:32:10 Nvidia is worth on a move just like the 500th biggest name. And then you have the not equal weighted. We're just letting you know. We're just letting you know 493 stocks in the S&P are 64% of the S&P 500. 493 stocks, 7 are 34%. They better keep these seven happy.
Starting point is 00:33:01 How about that? Nvidia, Microsoft, Apple, Amazon, Meta, Broadcom, and Google. and I include Google, they have two classes, and I total them up. Those seven. Those seven make up 34% of the S&P and 64% of the NASDAQ 100. Do you know what that means? Well, let me tell you what it means to me. If I ever deem those seven going into a bare market,
Starting point is 00:33:33 you ain't going to see me own in the NASDAQ 100 or the S&P 500. Simple as that. Of those seven, Apple Week, and that's it right now. Microsoft has been strong, but I think it hit the wall recently. Nvidia, not a problem. Amazon, well, they just gap that down. It's going to need to hold the 200-day moving average. We'll call that week.
Starting point is 00:34:02 Meta just gaped to the upside. Broadcom has been ascending quietly and nicely. And Google laboring, but not hurting. So I just want to let you know because these numbers, especially the NASDAQ 100, I'm pretty sure this is the biggest number ever. I'm pretty sure this is the biggest number ever. And I believe it's mui importante. We call it concentration. The concentration of the big indices.
Starting point is 00:34:46 are at record, record, record, record. And it's not even the NASDAQ 100 that gives me the willies. It really is the S&P 500. Seven stocks are 34%, 493 stocks are 66%. That's insanity. So just letting you know, the RSP is the equal weighting, the SPY is the other one.
Starting point is 00:35:24 And if you want to know, you're ready for the NASDAQ 100. NVIDI is 14.5, Microsoft is 13.1. Apple is 10.1. Amazon 7.6. Meta, 6.4, Broadcom 4.6. And the two classes of Google are 7.89. And there you have it. I thought worth mentioning.
Starting point is 00:35:54 By the way, AMD is now down $9 in the aftermarket, or 5.5% to 165, and it was down 2.5 today. Super Micro smoked, Upstart smoked. I don't see anything else just yet. Happy days. Up next, news of the day, and whatever else today. This is the one only investors at. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions
Starting point is 00:36:47 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 stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy.
Starting point is 00:37:19 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 IHeartRadio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz.
Starting point is 00:37:53 Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches, and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at viz.com. Cashflow crunch. OnDack's small business line of credit gives your business immediate access to funds up to $200,000, right when you need it.
Starting point is 00:38:13 Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at ondeck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes,
Starting point is 00:38:30 your business loan may be issued by Ondek or Celtic Bank. On deck does not lend in North Dakota all loans an amount subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge.
Starting point is 00:38:48 With Gary Culpa. In the news. Yeah, there's a lot of admitting going on that Israel has not star of the people of Gaza, that it's been Hamas. That's starting to come out in the miserable. scummy, slimy, slimy, sleazy, corrupt media, kind of sort of being pushed into kind of sort of reporting it. Boy, do they suck every single, not every single one, but most of them. It's stunning. Stunning.
Starting point is 00:39:52 You know what Snap is? It's a supplemental nutrition program to provide food to low-income families. I guess food stamps, they used to call it, is that I'm pretty sure. The Trump administration is moving that people that are getting snap can no longer buy sodas and sweets and what they deem to be unhealthy. Now, the libertarian may say, get your butt out of what I decide to eat. That said, these are taxpayer dollars. Remember, anytime the government gives out anything, it's our money. They don't think it is, but it really is.
Starting point is 00:40:42 Anyway, I was thinking about it today, and, you know, I think I'm okay with that. I don't know about the soda thing because you can get like the Coke zero or something like that, but I think, you know, the first thing that should be, these things should be spent on is the healthy food. What do you think? Anybody have an opinion of that? You can email me. I'd like to hear from you. I think that makes somewhat sense.
Starting point is 00:41:12 In the news, hey, Don Jr. and Eric Trump are doing a SPAC. They're doing a blind-pulled blank check company. Feel good about that? It makes me vomit. Let us continue. I do want to let you know that it is a being reported that 61% of the NASDAQ companies have reported a 27.5% year over year earnings per share growth rate. That's what somebody put out. I investigated, I'm not so sure of that number.
Starting point is 00:41:50 But I know there's some companies that are really reporting some big stuff. If that was the number, that would be pretty darn good. I'd say that's pretty darn good. I'd say that's pretty darn good. Hmm. In the news, I'm sure you're reading about Texas and Texas Republican, Republicans redistricting to benefit them for the elections
Starting point is 00:42:21 going forward. I guess it's called gerrymandering, right? Well, the Democrats are going haywire, going nuts, and they left the state, which I hear is illegal. So the Republicans saying they could be arrested. I don't know how to end it up today, but I just want to let you know I live here in Florida,
Starting point is 00:42:41 and Florida Democrats carved out plenty of times trying to carve out or carved out, gerrymandered their own little fiefdoms also. So I'm just letting you know the media is portraying this as Republicans bad, but the Democrats wrote the book on it. I just wanted to let you know that, and I don't know how this is going to play out. and by the way, as you know, I can't stand either party. Next in the news, and here's something really interesting. Do you know the Fox Weather people?
Starting point is 00:43:14 You know, they're really big. I'm a Fox News Channel business contributor. I'm on Fox Business and Fox News whenever they ask. Fox Weather Channel called me, and Saturday morning at 8.30 a.m., I will be doing an interview with them. They actually do Saturday morning. mornings, a weather and business segment, and I'm doing it this Saturday. Wow. I don't know if I'm
Starting point is 00:43:44 going to be able to talk about cumulus nimbai and cloud formations, but I can certainly talk hurricanes. I told them they can ask whatever they want, but I just want to let you know that's the news of the day. Trump is going to name a new Fed governor, and believe me, that's the news. There's nothing on. I am not happy about Trump going to put in their own, his own, he might as well put himself in running the Fed because he's going to put a puppet in there. I am not thrilled with that.
Starting point is 00:44:16 And I'm really pissed off at him for firing this woman. You're not the jobs president when you fire somebody arbitrarily for no reason and claim that woman cheated you and rigged the, the numbers for the employment figures. that's a lie and it really irritates me. Imagine what this woman's going through today. And imagine, you do know she's getting death threats today, right? She's getting death threats because people are insane.
Starting point is 00:44:48 So I really hope the president should hire her back immediately. He doesn't have to say he was wrong, but just hire her back. She did nothing wrong. She was just doing a job. The formula is the formula. Nobody changed the numbers. The president just kind of sort of. I can't call him a wimp because what he did after he was shot, that's no wimp.
Starting point is 00:45:09 But he's, you know, you get my point. So just letting you know, I'm not thrilled. I'm not thrilled at all. I'm not thrilled at all by any of this. And I don't think he would listen to me if I sat down with him. but I seriously can help him big time. I could correct his waywardness because he should just concentrate on lower taxes,
Starting point is 00:45:57 less regulations, get the hell out of the way, and let us do our thing. So just letting you know, I'm thrilled with a bunch of things he's doing, I'm less than thrilled with other things he's doing. But we're rooting for him, wishing him well and I can't wait to play his new Scottish golf course.
Starting point is 00:46:20 I played his first one which is amazing. I'm hoping this next summer. You'll have a great evening drive carefully. I'll be on Varney and company tomorrow in the 9 o'clock hour. Check that out, Fox Business Network. And when you get home, do like we do. Quite simple. Make sure you hug your family.
Starting point is 00:46:37 Make sure you hug your children. They will feel better. You will feel better. I promise they will be well. Hey, my son's in Florida visiting me. Have a great one. Peace out all. Good night.
Starting point is 00:46:46 This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryKK.com. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game-chance.
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