Investor's Edge with Gary Kaltbaum - Drones? [12.12.2024]

Episode Date: December 12, 2024

https://garykaltbaum.com/

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 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 Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,

your host. A thanks for being with us today. Glad you hear, ladies and gentlemen, happy that you are listening. It's December 12th, 2004. Hope you're having a good day. In case you don't know this is a serious talk about everything that affects you. We cover it all. The markets, the economy, your job, your industry, the Morlocks in D.C., the debt, the deficits, the corruption, the slees, the lying. What, they don't lie? And whatever else comes to mind today, we also talk about what I think matters. And believe it or not, today, just at the outset of the show, drones, I'll accept. explain. But first, if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on a Twitter feed, which is now X. And if you don't follow us on X, you should. No, really, you should. And if you decide to email us, just be nice. That's all. Hey, just so you know, there was a little, I don't know what happened, but we moved to daylight savings time on the east, but not in the west. So our show moved on the great KFNN, 15.

10, 4 p.m. Just letting you know. And I guess there was some glitches and whatever, but we're back on. We ain't going anywhere. We're not going anywhere. And we're so proud to be able to lead right into the great one of the most brilliant minds in Wall Street, Steve George. And as you know, life has been pretty busy for moi in recent. months and still with the dad at the age of 93 and still kicking. But we're going to try and

pull something off in the next couple of months and be in Phoenix Scottsdale area. I think Big Steve and I will do a little thing of a bob where we will get in front of you and just say hi and tell you what we think, tell you what we're seeing and all that fun stuff. So we'll We'll let you know it's up in the air right now, though, because of life in general. Just letting you know. As I said, we talked to you about the markets and what affects them. One of the things we posed to you, and again, we had no idea, but we posed the question, what happens to United Health now?

and the stock has gone from, get this, since the murder, about $610 to $515, not making that up. And we had stated to you, we're wondering now if there's going to be a move afoot on the claims, that they are very high in the claims versus others, and at least the market thinks so. And we'll see how it plays out, just letting you know down another $18 today. which is, let's see, six times one, six and four times. That's about 120 Dow points today. That's a lot of cake, ladies and gentlemen. But I wanted to talk drones.

What does that have to do with you and your money? What does that have to do with markets? Not necessarily direct correlations, but I have to tell you something because we also, things we care about here, we like bring it up to you, and I'm a little mift for me, my family, for you and your family. I'm a little bit miffed, and you all can correct me or disagree with me, but there's a crapload of drones hovering over the northeast.

At night, we're told six to eight feet long, a craplode of them. And are you ready for this? Our government that spends almost a trillion dollars a year on defense, and supposedly has the greatest intelligence and capabilities on this earth, satellites everywhere that look down on where something takes off and lands. And somebody was on Capitol Hill saying, we don't know. the governor of New Jersey where there's a ton of them

oh we're not worried and I'm thinking to myself you know I'm no conspiracy theorist you know that except for Kennedy was murdered by more than one person there's no doubt in my mind and Jeff Epstein

was murdered also those two were gimmies but overall I'm not a big believer but are they trying to tell us with the amount of money they spend on defense and intelligence, they can't tell us where these drones are coming from and who's sending them up and where they're landing? As you know, I loathe this Biden administration. I loathe them on numerous fronts. This just adds. This just adds. As Americans,

We're supposed to have faith in government. And they can't tell us where these drones are coming from? And who they're from? And they had one, I think, congressmen come out and say something to the effect of. He thinks it's Iran. But then that was shot down. So why am I bringing this up? I want to have trust in what comes out.

of DC and I do believe it really impacts everything and they're trying to tell us they don't know and I think they're full of crap. You all can email me and correct me if you disagree. But man, oh man, let's hope the Trumpster gets on top of this when he is in the White House and we get some good full and fair disclosure. Again, what does it have to do? faith in government matters. I think. You tell me. We move on.

The market's little pullback here. Nothing untoward. We're due. But I will tell you this because I said it yesterday and I say it again and I did it again today. We did a little midday webcast. besides United Health and the managed care group and United Health is health maintenance organ, you know what they do. Besides a lot of the medicals,

a lot of the medicals, and the drug stocks, and the hospitals, and the biotech, big biotech. That whole area of the market is an absolute, I'm not going to use the word disaster. but in a bearish phase slash downtrend, a bearish market.

And with the United Health down 17 today, it worsened, drug stocks worsened today. Medicals were down. We're just letting you know that in trends, while all the talk of highs in the market, I've got coal and steel and metals in mining and Brazil and emerging markets, lesser extent China because it's trying, and housing and oils, the bigs, the explorers, the services, a lot of the semiconductors, the rail, the truckers, the transports are gagging, marijuana, had to mention marijuana, by the way, because they've been touting it left and right. A bunch of the economically sensitive names we mentioned to yesterday, United Rentals out of nowhere down like 40 bucks.

Insurance under pressure, and we think there's a link there, insurance stocks with the United Health thing. Premiums, claims. A lot of the retail. Defense stocks because of the worry of what they're going to do, this administration going forward on spending on that. And I believe overnight, Trump told Lockheed Martin, you know that contract we were going to do with this new fighter, whatever, and we're not doing it.

Drug stores have been destroyed. The solars, which have been in bare markets for a while, consumer staples like beverages, foods, that type of stuff. Just letting you know. We'll explain. Up next on Mr. One-only Investors 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.

If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-59. That's 888-4-22-55-9. investment advisory services offered through call bomb capital management. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta.

We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing. Whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. 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 time? timeline of this technology. There will come a point when it will mature, right? My cell phone is a mature technology at this point. How far are we from that point with Quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum.

Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal.

A lot of what I see is just like chronic bloating, chronic stomach aches. Like, I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach cake every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with.

So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts.

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, On-deck 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. OnDec does not lend in North Dakota.

All loans and amount subject to lender 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.

And welcome once again to Investors Edge. So what we do, part of our process. Number one, my middle screen has two columns of oils, a small column of auto dealers, a small column of drug stocks, managed care, which is only like eight to ten names, about seven or eight defense stocks, auto parts retail by itself, a whole huge column of retail, over. by the way, a lot of retail stocks are part of that list. The next line has a bunch of medical type research supplies, big biotech, the cruise lines, the airlines, the hospitals, the transports, the hotels, the housing. The next column will be all the metals in mining, the new core, the U.S. Steel, the Freeport MacMaran.

Then I have a list of all the airlines, which, by the way, have been strong. A half of screen, half a page, no, excuse me, half a column of consumer staples, food, beverage, tobacco, household products. Tobacco stocks are acting okay. Then you have insurance, which has been under some pressures, we mentioned. The next column has restaurants. Underneath that is a crap load of economically sensitive names. The next column is Financial City. and the last column is a crap load of semiconductors.

That's my middle screen. On my left screen is gold. And by the way, gold miners, I have one column of Chinese stocks, a little bit of the solas which have been in a death drop. I have a column of lesser financials, a column of other economically sensitive, I got some Japanese stocks, some Argentine stocks, so everything's all separated.

And then my right screen, leadership, Dow 30, indices, new highs, new lows, things like that, the Bitcoin, crypto. So I can see things at all times. and what I do when there's deterioration I will basically just sit here and ding ding ding ding ding ding ding ding ding ding and go I went through very quickly today 80 retail stocks

I went very quickly not many because I don't need to oils because I know what they most mostly look like I went through a few drugs ran through the I went through everything and we're just letting you know underneath the surface you got more deterioration here while the big cap tech has been strong but for the most part software has been strong a lot of things that affect the big indices the financials and the banks have held up very very well though under a little bit of pressure here but if those that have followed us for years know when there's underneath deterioration if it continues

It usually means we're going to go through some corrective work of unknown price and time, and it may mean nothing, or who knows. As we have stated, sentiment-wise, everybody's bullish, nothing can go wrong. We don't pay attention. That's file manager stuff. What we pay attention to mostly is what's in front of us. And today, well, we had this big NASDAQ day, and I said to advance the client, were hardly up.

Today, advanced declines on the New York and the NASDAQ, 1 to 3. 1,000 up on the New York, 3,100 down, 1,100 up on the NASDAQ, 3,023 down. So it's going to be a down day in the market. Simple as that. So we're just letting you know a little deterioration, not the end of the world. Pullbacks are okay, and what they do is they wipe the smiles off the faces. of the permibuls and the bulls and potentially set the stage for higher prices. That's how it works.

You have to work off. You have to work off some excitement. And I think the market's doing a little bit of that right now. And again, we don't know to what extent. We always say the words of unknown time and price. We're just letting you know there's a bunch of these areas we're avoiding. And we'll see what happens next. is that we're being told oh the market has to go higher now because it's the end of the year

in seasonal strength no it doesn't doesn't have to do any of that when we do our scans i couldn't give a crap if it's monday tuesday wednesday thursday friday i don't care what month it is i don't want to be pushed around by seasonality i just let the market decide so just let you know there's a bunch of these areas we're avoiding And we'll see what's next. Got two important earnings reports after the close. One's Costco. Let's call it $10 in the aftermarket up to $1,000, so it's 1%.

And Broadcom, which has been on the better side, that's up about $6 in the aftermarket to $186. That's good to see because the semiconductors have been weak. And I'll have to look at their numbers to see what the heck's going on. Costco looks like they beat handily But is it possible they miss by a mile on Their sales? I'm gonna have to look that one over And then you have restoration hardware Interesting

Beat by a mile the stock closed at 380 I got at 465 Wow that would be 20% move Damn And interesting enough, it's all on guidance because their numbers they reported, they missed on earnings and revenue. But they say guidance is big stuff. And that's your aftermarket. And we'll see what happens into tomorrow. And by the way, Broadcom now is up a nice, juicy, $11. Cool. That is one of the only semiconductor stocks that's acting well. They only beat by three cents and revenues a little

bit better than expected going forward. They didn't beat by much, but the market likes it and that's all we care about. And we'll see what happens overnight. Fair enough. Fair enough. And that's a little bit of your story. Deterioration, some good earnings, reactions in the aftermarket. Of course we'll see what happens overnight because boy oh boy things can change and boy that restoration hardware, dang and that's the story overall. Yields backed up a little bit today. Don't want to see that Don't want to see yields back up. You know why? There was an inflation number that came out and there was a little hotter than expected Don't want to see that. Up next else in the market. I'm Gary. This is the one-only investors' edge. Hello, hello, I'm Malcolm Gladwell,

host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna, and I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to that, pick areas you can scale. Don't pick the shiny little toys on the side. For example, if anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive. Yeah.

So we are not asking our clients to be the first experiment on. We say you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks.

Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat.

And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something. something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts.

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 On-Dec or Celtic Bank. On-Dec does not lend in North Dakota.

All loans and amounts subject to lender approval. We'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's highly recommended. You're going to feel better if you talk to him. And what, once again, to Investor's Edge? Just a bunch of things pulling back today. To what extent, don't know. By the way, as quick as you can say, boo, Costco, which I just said was up 10 in the aftermarket, is now flat. But it's had a good move.

And it is a pretty cool place to go shopping, right? I don't go often, but man, oh man. I don't know how they're able to do what they do. I don't know how these big retailers are able to have inventory control like they do. I always ask the question, so all this food is out there. How do they know how much to buy? I guess they know. They're pretty smart dudes, right?

And Costco's down five in the aftermarket now. And Broadcom is up, well, up eight. It's moving along. And restoration hardware is like 60 bucks, nice. All right, so that's the story. And when we say deterioration, we do the little exercise with you guys. Let's say there's only 100 stocks in the market and assume we know what an up trend is and what a downtrend is.

Just assume, okay? And there's 100 stocks, and 100 stocks are in a nice little definable uptrend. And then 50 of them flatten out. Well, what ends up happening is the indexes, the indices end up with not headwinds because those 50 are flat. They're just not going up anymore, but less so. But what happens if those 50 turn into a downtrends? trend well it fights the 50 that are an uptrend and if all the stocks are equal well now you have a

little bit of a stalemate but what happens if of the 50 that are in uptrends 30 of them turn to down trends and it's now 2080 well markets changing so we're just letting you know certain sectors you know and as you know some of these sectors we've been avoiding for a long time been bearish on them for a long time that hasn't change would just let you know it's getting a little deeper underneath the surface that's all and interesting enough today this is the weirdest part but welcome to the market and it tells you how weighted it is the NASDAQ the NASDAQ is one day removed from its high the NASDAQ which was down 132 points today today on the NASDAQ there were 114 new yearly highs

There was 151 new yearly lows, the first day off the highs. Now granted, as I move to the new yearly low, and I have this little market pulse thing where it comes up and I put the letters LO in there for low, and then I click on the NASDAQ, well, the one thing I do realize, a lot of them are these crappy biotechs and when I use the word crappy they're trading in a buck and they have no sales I see some marijuana stocks in there beyond the meat you can thank me on that one we warned you near the highs so it's not like it's meaty new yearly lows but the fact that there's that many new yearly lows is a big wow and

New yearly highs when I said that number, there's less so. Because as I go through the list, there's a bunch of non-operating companies and the like. And a few things finish down on the day so they're not really at highs. So just letting you know. Nothing untoward. Just everybody's bullish in. We're due to do some pulling back. we just want to avoid

I can let me give you an example steel stocks are in a bare market not a downtrend they're getting smoked new core has gone from 203 down to 131 and that's at a new yearly low

last I looked that's like 35% you never want to be caught in a 35% drop so we're not going to own steel you already know about the oils except the pipelines and some refiners, but oils just, I always use BP. 40 down to 30, no big deal, 25%, but it's still 25% for a big oil. Don't want to be in that. And we're just seeing a few more. Areas, names.

Now guess what? We don't mind narrow. Norrow is not the end of the world because you know what happens in narrow, money flows out of the masses and a lot of it goes into the few and it really accentuates them. And maybe we're seeing a little bit of that right now with some of the mega cap tech, not sure, just letting you know. And as you know, we're pretty darn good on the deteriorating front, recognition of it and what it potentially means. For you crypto-nights, down today. No big deal. That 100,000 area looks like for Bitcoin. What worries me again, I didn't even know this, and I hope you don't mind me saying this, but they came out with a, I guess, a meme stock called Fartcoin. I'm not kidding. Kind of is a joke. They're calling it a

flatulence themed meme coin on something called the Solana blockchain, block chain, rose to an all-time high yesterday of 52 cents. You don't think I'm worried about a bubble? It had a 69% increase in the last 24 hours and 154% gain in the last seven days. You don't think I'm worried? Oh. If I tell you, Oh, by the way, it has like a $500 million market cap.

And you do realize it's nothing except a pure speculation. Keep that in your file manager. Please. These are the little things that... Again, these are the little things. Just letting you know. By the way, that wasn't sarcasm. I didn't make that up.

No, really. I should come out with a Gary coin. Who knows? Yes, that scares me. We'll keep you apprised. We'll keep you on top of things. We believe in valuation. We believe in backstops.

We believe in earnings and sales and products and services. I'm not trying to dissuade you. just telling you, Fart coin. I can say that on radio, right? Yeah, I think I can, because it's actually in the news. The Dow was down 234. As I said, United Health was over 100 of that.

Home Depot, a little rough day. And as I said to you, the housing related with housing, and they just put Sherwin-Williams in the Dow, and that's cratering a little bit. That was down five today. Caterpillar was down eight. What do we tell you about economically sensitive? My two most important economically sensitive names,

mine, just mine. Caterpillar 1, United Rentals 2. And both are gagging right now. Something to watch. Could just be nothing, just a correction. But we're always watching. Everything. Up next.

What else be going on? This is the one only investor's edge. 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 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 quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum.

Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask. at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a 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. 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.

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 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. OnDec does not lend in North Dakota all loans and amounts subject to lender approval.

listening to what are we waiting for well what are you waiting for one two ready go and welcome once again and welcome once again to Investors Edge

you know I've been very happy with Donald Trump as of late I'm going to have to give him a little more kudos today as I have said to you one of the things I really want from him presidentialness.

I really want that from him. Demeanor. And he's still a little bit on the, you know, the January 6th thing and what this person did to him and that person did to him. Okay, okay, fine. Let me tell you what I really like today.

In case you don't know, I was on TV today within three minutes of him, ring the bell at the New York Stock Exchange. And I was actually on. They didn't show my face. You could hear me while Trump was ringing the bell. He got interviewed.

And without saying who was doing the interview, was kind of a leading question about the markets. And I think Trump of the past would have said something to the effect, Oh, the markets and then markets, markets, markets, no, you know what he said? And I love this. I don't want to get into the markets. They're going to do what they do based on, you know, the economy and interest rates. And, hey, they can go down also.

I love that. I don't want cheerleaders on the markets in the White House. I want the White House to stay off of it. That's what I would like. I don't want the White House with interference in markets,

but I do know I think we'll get a little bit of that when it comes to the Fed and Trump. But I really liked some of his presidentialness today. And again, I repeat, there's some things that are not so great. But that was good to see. Again, I think the past Trump would have been talking, oh, we're going to go to 100,000 down.

Good to see that. And overall, I've been liking a lot of his demeanor as of late, and we hope it stays that way. What an opportunity he has. Opportunity galore. Because of this doji, oh, wow. if they can turn our government into a efficient, effective, non-wasteful entity. My goodness, that'll take away such a headwind. And by the way, in case you do not know, and here's a sickening fact.

This president, the current president, Joe Biden, is now running every month, $300 plus billion deficit. In the next year, under Biden, if he was still around, and Ann Harris, our deficit would be $4 trillion, $4 trillion, $4 trillion, and I have tweeted to try to contact Elon Musk and Vivek, also to let them know what's going on. 4 trillion run rate the first two months of our fiscal year over 300 billion.

Over 300 billion. Can I repeat that? 300 billion deficit first two months of this fiscal year under Biden who went in front of the public yesterday to tell them Donald Trump needs to keep doing what we're. doing because we've done a fantastic

job with the economy and we should not have trickle down this or that I have two words for Biden and ain't happy birthday what did I say to you about the trajectory we got to get away from that trajectory and I don't know how they're going to do it but I've already sent to them just

first and foremost $350 billion just boom take it away from Podesta and enough of that climate crap because you can't stop hurricanes You can't stop twisters. When it gets cold out, you ain't going to stop it. When it gets hot out, you ain't going to stop it.

You can do something about pollution, but not at $350 billion a year. It's a scam. It's a payoff. It's corruption. You start right there. Student loans. Stop it. Knock off $100 billion.

And then, I will guarantee you every department. get into the Pentagon, I guarantee you, you mainstream that because we're hearing talks of $100 pipes being bought for $5,000 who's getting rich.

And by the way, we have a little evidence what would have happened under Kamala Harris based on they spent over a billion dollars paying off consultants for her campaign. so let's hope they get the job done because again if they ever ever get our government under control and no budget deficits and thinking of we the people and keeping taxes low and doing what they just did in Argentina under Malay for the first time in 123 years Argentina doesn't have any F deficit

it. Now they're a lot small enough so I gather a little bit easier and it'll be a little bit tougher here. But the good news is, I think they're on it. And I don't know how much of the job that's going to get done, but I think a lot of it's going to get done. So so far, your handsome and buffed host is impressed and happy, but not in the White House yet. and we'll keep reporting on it. I will be on with Neil Cavuto tomorrow in the noon hour Fox Business Network. Check that out.

Until tomorrow, you have a great evening. You drive carefully. And when you get home, do like I do, simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You'll feel better. I promise stay well, be well.

Appreciate you all. Have a great one, everybody. Take care. Good night. 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 GaryK.com. That's GaryKK.com. Success starts with your drive, and American Public University is here to fuel it.

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