Investor's Edge with Gary Kaltbaum - DISTRIBUTION AGAIN [10.23.2024]

Episode Date: October 23, 2024

https://garykaltbaum.com/

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Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Kalpom, your host. A thanks for being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening.

It is, you know, whatever it is. It's October 23rd, 2004. And I think it's a Wednesday. Yes. And I know it's a Wednesday because Tuesday night, the Knicks played their first game against the Celtics and I think lost by like 90. But that's for a different show. Hey, thanks for being here. This is Investors' Edge, serious talk on everything that affects you will do.

Markets. The economy, your job, your industry, the Morlocks in D.C., the election. Wait to you here some of the numbers I'm given out to you today on what they are doing to you. And to us, and much, much more. And 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 like to email me, just be nice.

You know what we don't want? We don't want people emailing us and calling other people, Hitler. We don't want people emailing us and telling us 9-11 was an inside job. We have no use for extreme crazies and they're easily definable or something like that. Okay, lots to discuss, lots to cover. Today, somewhat of a repeat of what we did on Monday. Today, on the New York Stock Exchange, we're going right to March. markets, 909 up, 3,03 down. On the NASDAQ, 992 up, 2882 down. Another bad day of advanced

declines, which means patterns worsen. Amazingly, there are more new yearly lows on the NASDAQ than new yearly highs. And of course, the new yearly highs contract when you have two bad days out of three. We just scanned a thousand stocks. We didn't do our full scan. We're losing a few, not all. We're losing some sectors, not all. And when I say losing, losing their uptrends, not necessarily going into bare markets, not necessarily going into downtrends, but losing the uptrends, which makes it a little bit tougher on the markets. We'll do more scanning after the radio show for the peeps but leave no doubt it's getting a little ickier and yes that's a word in the markets and leave no doubt our warning shot on yields for you is playing in force the 10 year

yield up 0.38 to 4242 today 4.242% why is that important Just over a month ago, it was 3.60, 1, 2, 3, 4, 5 weeks. So the 10-year yield, those are your mortgages and so many other loans, the cost of capital, has gone from 3.6 to 4.24. How is that possible? You may ask. After all, you've been reading the headlines that the Fed is lowering rates. No, they only lower there something called the Fed funds rate. It's short-term rates. Your money markets.

So they screw you on your money markets and now you're going to pay more in your mortgages. Well, why would yields go up if the Fed is lowering their rates? Because they have dropped all pretense on fighting inflation. That would be number one. And when that happens, bond markets. sell it off yields go up to account for them not doing their job

and of course being late and being wrong again but something else is at work which really pisses me off as you know we have been telling you here on this show the great scam the great con

that has been foisted upon you and I and every American and we know it's a great scam and a great con, because the media's not covering it. The Fiscal Responsibility Act, that was the spending bill of last year. They had the grapefruits to call it, the Fiscal Responsibility Act. Over $4.2 trillion has been added to our debts since that. It's sickening.

The people run in this country, Biden Harris, are a bunch of companies. artists. We are their slush funds and they get away with it because it just goes into the debt column. And they'll all be dead or retired when it blows up. Well, most of them. Do you know how many politicians have gone through Washington, D.C. in the last 10 years that have been part of this? So many are gone. But that's nothing. Do you know in the last three weeks our debt's gone up $500 billion? $500 billion in the last three weeks. Do you know why? The great scam and the great con by this administration. If you spend a crap load of money out of government, it goes into GDP.

It gooses things. It makes things better. And potentially the markets. There's a cause and effect there. they are scamming you and I don't care whether you're a Republican Democrat Independent or the Whig Party what a scam

what a con and maybe that's why yields are going up what have we told you about economics 101 the more debt there is the more the lenders will be asking for and demanding a higher yield to account for that debt now the bond market

and as I have said to you two of the greatest investors of the last 30 years Stanley Drucken Miller and Paul Tudor Jones are short the bond market and as interest rates go up there's been a direct correlation with markets now that can stop tomorrow markets are fluid but as of now they continue higher and thus the Dow was down 400 today by the way I do believe it one time today

I'm going to make sure I say this right. At one time today, the Dow was down 293. That's about, it was down 600. So we'll give it that. The S&P was down 53. The NASDAQ was down 296. The NASDAQ 100, 316. The transports 162.

As we said, advanced decline stunk, up down volume, gross. More names went by the wayside. by the way, we're in the middle of earnings season, and that's going on. And that's two out of three days of what we call distribution, and we'll see what comes of it. Is it the death now? No. Is it worrisome?

Yes. There's a couple more thousand of earnings to come out, so we'll see how that goes. I know Tesla reports after the close. It's up a little bit in the aftermarket. Yippie, yay, yay. That could be of import. And we'll see what else reports. But just let you know another day of distribution.

As I do my scans, let me tell you what I do on my scans here. I have my legal pad out, and I'll make a whole new page of, oh, this went by the wayside today. Oh, that went by the wayside today. Oh, that's gone. That's history. That's out of here. And just let you know there's just more and more names that are going by the wayside. side in the market. Again, does not have to be the death now. It could be just a correction.

That's all it could be. We'll let you know. Other news, I must state, for the record, away from, well, actually, a little bit of the market today, McDonald's. McDonald's was down 16 bucks today. It was down. I, I do believe, let's see, it was down about 23 at one time. Have you read about the E. coli? Well, it turns out there was some E. coli. I haven't heard yet if they figured out what it is.

But they're saying it could have affected all the stores in the state of Colorado. We'll cover that next and much more. I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kalpom, 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.

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call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-5-59. That's 8-8-8-5-59. That's 888-4-2-2-5-9. Investment Advisory Services offered through call-bomb capital management. Ever feel like your bedroom's running out of space? Here's the good news. You don't have to sell your favorite things to make space.

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The Pax wardrobe lets you customize shelves, rails, and compartments. So every item has a home. Too many clothes and not enough drawers. The Storklint has six-store dresser is perfect for denim, sweaters, and everyday essentials. And if the kids are taking over your space, Trofast storage boxes make sorting toys and art supplies easy and clean up fun. From primary suites to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most. Don't sell anything you love. Store it instead. Shop IKEA Bedroom Storage today at IKEA.us slash bedroom storage.

Success starts with your drive. and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey.

Learn more at APU.APUS.edu. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low... Listen. So we sat there.

Listening. That was the first time I learned that quiet can feel full. Hershey's. It's your happy place. It's time to switch on the integrator units. the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge.

The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. Tesla's up for the day. Let's call it about 4.5%. Aftermarket's up about 6 in change because it was down 4 bucks today. It's now up 10 in the aftermarket.

They missed on sales They beat on earnings by a little bit And I have no idea what they're saying as of right now But it's up in the aftermarket The stock that just dropped from 265 three weeks ago It's 229 as I speak With it being up in the aftermarket So just letting you know

That would be Tesla So I mentioned McDonald's and boy I think one person died and a bunch of people in the hospital and they're actually

I saw the CEO on TV today saying something effect he thinks it could have been the onions from a single source anyway that baby's out of left field there's no way of knowing it uh welcome to the world uh Denny's

in case you do not know uh Denny's is now shutting a bunch of stores also. Restaurants, 150 of them. 50 of its lower performing restaurants will close at the end of 24, and the remaining will close in 2025. And I haven't been to Denny's in a long time, but I didn't realize. Do you know they cut their menu in half also recently or maybe a while back?

It's just a tough road out there for these companies. And especially, you know, in California. with the mandates and stuff. By the way, I don't know if you read, but they raised the gas tax again in California. Have you seen a picture of what you pay for gas in California versus anywhere else? Now, you pay higher gas in Hawaii

because of the transportation there. The transports of it. That's to be expected. But California is part of the 48 contiguous states. Notice the big word contiguous from Gary. Just sickening. And they'll still. vote these dirt bags into office. Hey, we're going to go into your wallet and just confiscate

oodles of money out of your pocket. We're going to spend billions on getting rid of the homeless and we have more homeless than ever. Hey, thanks for voting us. We'll have our city's crime ridden because we keep putting in DAs that let the criminals out. Hey, but thanks for voting for us. It's amazing to watch. Anyway, Denny's. Next, Apple. It seems with Apple. Seriously.

Every day there's good news and then the next day is bad news. Good news, bad news. Good news, bad news. Today, at one time today, Apple, if it comes up on my screen, hit 227. It was down about $8 today, which is a huge drop for an Apple. Closed down $6.77, which is a big drop. The news coming out, and it's a lot of this China news, is that they just ain't selling so well.

The iPhones. I guess we'll find out in time they report earnings, I believe, next week, or the week after? I don't know what to tell you. But somebody who reports from there, an analyst, from China says iPhone 16 orders are cut by around 10 million units. No evidence yet that Apple intelligence, the AI, could boost iPhone shipments in the near term.

Anyway, so that had a rough day. That certainly was not helping things. So I had to mention Apple. I did McDonald's. Next, Janet Yellen. She's the Treasury Secretary. She was the central banker when Bernanke started printing money. And then she became the head of the Fed for a while.

Now she's the Treasury Secretary. She's telling us deficit reduction is required over the coming years. She sat around for the last three and a half years. As this pinhead Biden, along with Harris, now running, oh, was just $500 billion in the last three weeks, over $4 trillion since the Fiscal Responsibility Act. And our Treasury Secretary, by the way, those are code words. For watch your wallets, they're going to raise your freaking taxes. And if they took every dime from every billionaire, it would lay.

It may be about seven months of government. That's how screwed you are. You think when they tell you it's only going to be people above a certain level that'll get taxed more, you believe them. You do? You know, you never used to be taxed on Social Security. And then they did that. And have you seen about the taxes on payroll and all that? You know how much that's gone up throughout the years?

And they promise not to? Oh, you're all screwed. and you all keep voting them in. Keep it up. We're $36 trillion almost of debt. Keep it up. Let's bring Gavin Newsom, raise the gas tax again.

All right, so, not a great day. Tesla's up in the aftermarket, yay. I'm not seeing much else. Service now is down 37 bucks in the aftermarket. By the way, full disclosure. I own service now coming into today. I only had like a 1% gain in it.

I sold. It's down 30 some odd bucks in the aftermarket as I wipe my forehead. Yay, and of course that number can change. And there are a lot more earnings to come out. And we'll see what comes of it. Simple as that. And when I mean a lot more earnings coming out, I mean a lot more earnings coming out.

lot more earnings coming out ladies and gentlemen and we'll adjust and our job every day who's reporting what and who's showing tremendous demand for their product if it's a restaurant are people around the block let me put it best if taylor swift was a stock it would have been shoot to the moon If the World Series was a stock, shoot to the moon. Do you know what the price for World Series ticket is with the L.A. and Yankees? Gargantuan! You know, I've been thinking wanted to go see Taylor Swift and I went to see prices for tickets. Holy crap!

3,000 a ticket? I'll go watch the video. Up next, what else going on in the market? I'm Gary. This is the one that only investors end. like your bedroom's running out of space? Here's the good news. You don't have to sell your favorite things to make space.

With IKEA bedroom storage solutions, dressers, wardrobes, full closet systems, even storage boxes. You can hold onto it all. Your vintage banties? Keep them! Those limited edition sneakers? They stay. And yes, there's room for your childhood teddy bear too. Need to organize a walking closet?

The Pax wardrobe lets you customize shelves, rails, and compartments, so every item has a home. Too many clothes and not enough drawers. The Stork Lint has six-door dresser is perfect for denim, sweaters, and everyday essentials. And if the kids are taking over your space, Trofast storage boxes make sorting toys and art supplies easy and clean up fun. From primary suites to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most. Don't sell anything you love, store it instead. Shop IKEA Bedroom Storage Today at IKEA.us slash Bedroom Storage. Success starts with your drive, and American Public University is here to fuel it.

With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu.edu. bite of a Hershey's bar and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much,

just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low listen. So we sat there. Listening. That was the first time I learned that quiet can feel full.

Hershey's. It's your happy place. You're listening to. 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. Yeah, yeah, yeah. Hey, let me see what else I got for you in the aftermarket. IBM is down $11 in the aftermarket. That'll be about $60.70. Dow points if it sticks. IBM's been a very strong stock for a Dow stock, may I state for the record.

I mentioned service now. Down, I'm showing 30 bucks on the bid. Lamb Research up a couple of bucks. Tesla is up $15 in the aftermarket, but was down five, so it's up about 10 in change for the day. I have yet to go through the numbers, and I will not be going through the numbers until later, so I can't help you out right now. Las Vegas, and just giving you some important. names. Las Vegas, Sands hardly moving.

I don't need to give you that one. Don't need to give you that one. We'll leave it at that. Now, I got a lot of emails today on McDonald's. Would you buy it, Gary? Here's my answer. I'm agnostic. Which means I'm not buying it.

And the stock's been strong. on crappy earnings but possibly better earnings going forward because I guess they're selling a lot of $5 meals but I gather we're going to have to find out where this E. coli is from if it's not from the meat and just the onions

okay all right still not good news I do not believe this kills their reputation but definitely a little you got to throw a little asterisk there I saw the CEO this morning. I thought he was terrific. I thought he was terrific.

One of the big jobs of a CEO is when things go awry, how do you handle it? I thought he was terrific. Good job by him. By the way, I have not eaten the McDonald's. I'm going to guess 20 years. I just don't go. Nothing against them. When I was in college,

I lived on chicken McNuggets with the sweet and sour sauce. Seriously, I lived on the chicken McNuggets. I saw the CEO of Starbucks on TV. Boy, do I disagree with him. And I hope I'm wrong. Interesting Starbucks misnumbers and the stock rallied. It was down early and it rallied today. They're activists swirling.

I don't get it. I believe their issue is price, and they're saying, screw it, we're keeping prices where they are because we are a premier outlet. We'll see. I hope I'm wrong. I just know that I do believe people are saying, wait a minute, how much am I paying for a breakfast sandwich and a coffee, 12 bucks? Screw that. Again, I hope I'm wrong. Stock acted very well off of crappy numbers.

China It's been in pullback mode And may I state for the record I have not been impressed with the pullback I don't like how it's been pulling back And I'm kind of upset about that Because I was hopeful there'll be a great play out of it Because you couldn't catch the first play

They gapped it up 10% overnight But it's not for lack of effort China the latest out of China Just so you know they're offering low interest loans for companies to buy back shares, the government's going to loan companies money to buy back. What? On top of everything else they're doing. I'm just reading all these things. It's quite amazing. It's a big wow. But I will tell you again, I am unimpressed with how the stocks are acting. Very unimpressed. And I will tell you,

Bidu has done a round trip from the move. You can draw a upside-down V on Bidu and many other names. I'll let you know if that changes. Homes. Tampa, Florida inventory is up 90% compared with a year ago. San Diego is up 80%, Miami's up 72%, Seattle's up 69%, Denver's up 67%. That's inventory. Do you know what happens when inventory skyrockets?

Prices will come down. Just letting you know. To what extent don't know, as I have told you here in Central Florida, it's still fantasy land. I'm seeing homes being put up for sale at $2 million that were $1 million three years ago. There's no way they're going to get. Well, some are going to get lucky and maybe get the price. But I have a sneaking suspicion just to get. Yes, there's going to be work to be done on pricing of homes, not because the end of the world, but fantasy pricing.

We'll keep you up to date on it. I mentioned Druckin Miller. Okay, I did that. And I have to mention this. I got this in a couple of days ago, and I checked it. And the latest from 2021. The percentage of all income tax paid by earners, are you ready? the top 1% pays 45.8% of all taxes.

The top 10% earners pay 75.8% of all taxes. The bottom 50% pay only 2.3% of all taxes. So when those adults talk about fair share, They can kiss mine. Just remember, they wanting to raise taxes on the so-called wealthy, successful, privileged few is not going to affect the wealthy. It will prevent the middle class from becoming wealthy because every time you move up a rung in life in earnings, they are there with a machete cutting you off at the knees and a mallet hit. you over the head. The people like Bernie Sanders and Joe Biden and Kamala Harris do not like successful people unless they're getting campaign funds. The reason they don't like success is because

success does not need Marxist control freaks. And they are Marxists. When you are running two to three trillion dollar debt deficits every year, you are a Marxist. When you have raised federal spending 70% from the year before COVID, you are a Marxist. When you are given away money for votes, you're a Marxist. Oh, but Gary, what about all this stuff that Trump's doing if the shoe fits? It does come in all forms. Pandering and the like. Ain't going to happen anyhow.

I got asked by three separate people about the Buffett indicator. That's Warren Buffett. In case you don't know, Warren Buffett has this indicator or somebody gave this indicator of total sales, whatever, to GDP and back and forth. And supposedly, it's the highest ever more than the year 2000. And then they say, Warren Buffett now is $300 billion in cash, selling the hell out of his Bank America stock, sold a lot of Apple, though I think he's just taking that down a little bit. I will say. Valuations are high, ladies and gentlemen, by historical standards. They can stay high for a while, but I do want you to keep that in mind.

I saw somebody the other day, or it was like two weeks ago say that valuations at so-and-so is at 22, 23 times earnings on the S&P, and actually I think it's 24. The norm is 15 to 17. And we've had years where it was eight or nine. God forbid that ever happens. We'll see. We'll let you know. Remember, you can't hide bare markets.

We're in a bare market for oil stocks. We're in a bare market for solar stocks. Why do you think we tell you don't own solar stocks or oil stocks? We'll let you know if it turns worse. There's a lot of retail stocks. in bare markets. The housing stocks may have topped, but we don't know if it's going to go into a bare market.

We'll let you know. Up next, what else we got for you? We'll figure out something. I'm Gary. This is the one only, what an only investor's edge. Ever feel like your bedroom's running out of space? Here's the good news. You don't have to sell your favorite things to make space.

With IKEA bedroom storage solutions, dressers, wardroves, full closet systems, even storage boxes. You can hold onto it all. Your vintage band teas? Keep them. Those limited edition sneakers? They stay. And yes, there's room for your childhood teddy bear too. Need to organize a walking closet? The Pax's wardrobe lets you customize shelves, rails, and compartments, so every item has a home. Too many clothes and not enough drawers. The Stork Lint has six-door dresser is perfect for denim, sweaters, and everyday essentials. And if the kids are taking over your space, Trofast storage boxes make sorting toys and art supplies easy and clean up fun.

From primary suites to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most. Don't sell anything you love. Store it instead. Shop IKEA Bedroom Storage today at IKEA.us slash bedroom storage. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs,

APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half,

and hands me a piece. I opened my mouth to say whatever a nine-year-old wants to say. And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet can feel full. Hershey's, it's your happy place. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! In the guesters' edge. with Gary Culper. I also got another email from somebody that I checked. Whenever I get emails from people, I check them out. I'm not stupid. And I actually double check. So I got one from somebody that said European stocks are in an all-time high.

But earnings per share estimates are at two-year lows. How can European stocks at all time high in earnings per share estimates at two-year lows, which is bad news, if that actually comes true? Answer is, we'll watch the market. Remember what we tell you. Valuations, direction will ultimately matter. They always do. So just keep you a little bit informed. We're certainly not cheap.

The markets. We're certainly not cheap. And, again, for the record, we just went from 3-6 to 4-2 on the 10-year yield. The election. I haven't changed my stance. I believe that Trump is ahead. I believe he wins if it was today. I do believe the media and the administration, Harris, are getting desperate.

I watched her today with the Hitler stuff today. It's amazing to watch people compare anyone to Hitler. Hitler murdered 12 million people, 6 million Jews, and was trying to take over the world. And by the way, it's not just Trump they've compared to Hitler. it seems like any Republican that runs for president is Hitler and as a racist and is this that and the other thing. Now Trump's a lot of things and I've said them here. But boy, oh boy, stop. But they can't stop because they're desperate.

And the same thing I said when they selected, selected, not elected Kamala Harris. I said, why would they select somebody who could not poll. 1% in the primary last time. We'll see. I guarantee you the post-mortem if she loses. You write this down. I guarantee you the post-mortem

if she loses is how can the Democratic Party pick a woman who polled 1% in the last primary she was in to run for president, the United States and was very unpopular. Her popularity before being selected was, ew. And just so you know, all these media outlets that are kissing her rear end now, they were writing op-eds that she was

holding down the party. That's how bad these people are and how they have no principles whatsoever. That'll be the post-mortem. I guarantee you. Write that down. I know how this works. And again, I believe amazingly. And just so you know, half the country can't stand the guy. Seriously. Half the country can't stand them

and he's probably going to win. It tells you how bad the other side is. And he's lucky. If there was somebody good running on the dem side, he'd be landslided. Seriously.

But we have a binary choice. I just hope there's gridlock. The Republicans will gain the Senate. The House, the Republicans should have the House, but they have a few doofuses running, so I'm not so sure, but if she wins, the Republicans will have the Senate. And that should stop any tax hike, at least. As far as executive orders, beats the hell out of me. little did we know that a president could forgive loans the first time I saw Biden forgive loans I was like what

how's that possible a president can do that I thought that has to go through Congress little did we know that's your election coverage today I believe he's doing Joe Rogan on Friday he should do my show

Trump because he wouldn't last five minutes with me. He'd be pissed off and same for her. We would actually ask tough as hell questions. We'd actually do an interview. I can gather if I asked a question he didn't like the first thing out of Trump's mouth would be, who are you? I'm out of here. You're nobody. And they won't even answer my emails, the Harris campaign. I offered a quarter a million dollars to her favorite charity to do an interview. And I've watched all the other interviews. They're all amateurs and they're all hacks. Biased hacks, every one of them that have not a clue what's going on in the world.

But if there's somebody they dislike, they give them a colonoscopy. And now that's the election coverage for you. I wish each and all of you the best. I respect any of you and the way you vote and who you like. And I hope whoever wins just gets it right. But we know there's too much control freakism out there. Somebody's going to have to deal with the size of government, the debt and the deficit. I am hoping for a hero.

I don't believe Trump when he says he'll do something about it. Why? Because when you go to a horse track, you bet on past performance. And for four years, he spent like a maniac also. And I'm not including COVID just in case you're about to email me. And she's a nightmare of epic proportions. That all said, crappy day in the market. Maybe tomorrow's better.

Tesla's up. I see Lamb Research up. And we'll see what else shows up. You have a great evening. Drive carefully. I'll be on with Stuart Varney tomorrow. 10 a.m. hour, Fox Business. until tomorrow.

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. Serenity now. Good night. This has been Investor's Edge with Gary Cult Bomb on BizTalk.

To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Success starts with your drive. and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion,

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