Investor's Edge with Gary Kaltbaum - EVEN MORE EXPENSIVE [09.09.2025]

Episode Date: September 9, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:00 Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up
Starting point is 00:00:26 and go pick up or delivery. Restrictions apply. See website for full terms and conditions. Investor's Edge with Gary Cultbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Colbom, your host.
Starting point is 00:00:46 A thanks for being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It is Tuesday, September 9th, 2025. Hope you're having a good day. I want to thank Adam Sarhan for doing the show. yesterday. Out of nowhere, things came up and he was right there ready to help out, as always. We thank him very, very much. And, you know, we do know we're a little bit different. Adam, we'll come on here and do markets and lessons. We'll do everything that we think is necessary
Starting point is 00:01:25 outside of the markets, the economy, and just think. that happen out there that we think matter to our future, your kids' future. And we're going to bring that up in one minute something that happened and the reaction to it happening. I wonder if you're already guessing. But first, this is serious talk on everything that affects you. We'll do the markets, the economy, your job, your industry, whatever necessary. And if you do not get this radio show in your city, we will post it at garyk.com.
Starting point is 00:02:06 We'll post it on our X feed. Also the YouTube channel of BizTV. And if you'd like to email us, garykad.com, we just ask you be nice because we're always going to be nice back unless you like Hamas. So I don't want to start with the markets today. as you know I really do believe there are so many moving parts in this country that matters to our matter to our future and you know the things we've brought up a hundred times my disappointment in all our leaders in the debt and the deficits and just the BS and the spewing of lies the protection of themselves I can go on and on and on but one of the things we're we have talked about here, and if you don't think it matters, you see, we don't want crime to matter only when it hits home. My wife, before I even met her, was carjacked in South Miami, driven to a remote wooded area. She thought she was dead. They let her go. She got her
Starting point is 00:03:38 lucky. My wife in Boca Raton, Florida, in the middle of day, unbeknownst to her, was being watched in a drugstore in Boca Raton with my young son Aaron when I think he was three or four years old. And she got back in a car and he jumped her, put a gun to her head, give me your watch. and she was lucky. She gave him the watch and he was gone. We only found out afterwards that there was a group of thugs in Bocca Raton that did it quite the few times
Starting point is 00:04:25 and they kept it on the down low. You know what the down low means, right? And throughout the years, I've been worried. And we've talked about it. it we've talked about how we're worried that crime pays how is it cities can come up with you can shoplift up to nine hundred and forty nine dollars and you'll be fine nine fifty you're in trouble to the point where the shoplifters would go in with
Starting point is 00:05:01 a calculator and add up the things they would steal to the point where in New York City everything's locked up toothbrushes are locked up we are also finding out in many a city people arrested 20, 30 times for violent offenses and just let out like nothing happened think about that let me be a little bit on the graphic side imagine if it was you
Starting point is 00:05:33 and somebody beat the crap out of you mugged you in the street took your belongings punched you in the face broke your orbital bone in your eye. Months to get better. And they would just let out cashless bail. Do you know why the Charles Bronson movie sold so well death wish?
Starting point is 00:06:06 Because people sick and tired of crime paying. Because I don't know if you've read, but Irina Zerutska, a Ukrainian refugee that was living in a bomb shelter, in Ukraine came here for a better life, working at a pizza shop, relatives here also, got on one of these buses in North Carolina, and a violent felon who was let out on cashless bail, was sitting behind her, took out a knife, and carved her up and murdered her. A beautiful young woman, his past crimes paid. And by the way, they weren't shoplifting crimes.
Starting point is 00:07:00 They were violent crimes. She's dead. And we find out it happened on the 22nd. And we also find out that it was kind of sort of, no mention until the video came out. And then the video comes out, and then we get the reactions. You know what the reactions are of the media?
Starting point is 00:07:30 None. None. It didn't fit their template because the media hates you. You suck. The media hates you. Only until people were up in arms did the media start covering it. And then you get a yutz like Brian Stelter comes out and get this. doesn't talk about the murder.
Starting point is 00:08:06 He talks about how the people on the right are using the murder because they're racist, because it was a black man that did it. I got news for you. I don't care if he was black, white, green, blue, yellow, a Martian from Mars. This is what we're dealing with.
Starting point is 00:08:25 A moron that's on CNN, a journalist that has a bully pulpit that can do good things. and talk about crime and what I'm talking about. Instead, he calls the right racist for bringing it up. And the rest of the media ducked it. I bet you if the person was wearing a MAGA hat that did this, they would have been having crap fits.
Starting point is 00:08:57 So there's a double problem here. The judges suck. The justice system is weird. and the media couldn't give a crap about you, of course, unless it happened to them. And why does this matter? Well, if you don't think it matters longer term, I can't help you.
Starting point is 00:09:28 There are judges out there that just let them out. Just let them out. Let them out. You have a guy running for mayor in New York City. Do you know what one of his platforms is? Releasing a lot of prisoners! Yes! Let's have a platform of releasing criminals. Oh, and let's vote for him.
Starting point is 00:09:49 What's his other platform? Oh, less police officers. That'll help. Just letting you know everything I'm stating to you is fact. No opinion. This is exactly and actually what has been going on. It's an insane asylum. And a young Ukrainian women is dead because of the insane asylum. and then the media stomps on her head after she's dead. Wasn't going to report it.
Starting point is 00:10:28 What do they care about a young Ukrainian women here? Unless the murderer fit their template. Catching my drift? This matters to me. I have two sons that live in New York
Starting point is 00:10:51 City. When I'm in New York City and I'm in the subway, I'm standing against the wall and looking left and right. Unless there's police officers and the good news is there's a lot more in the subways. That shouldn't have to be. Up next, we'll put a bow tie on it. Hit the markets. I'm Gary.
Starting point is 00:11:11 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. 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.
Starting point is 00:12:06 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 888-422-559. That's 888-4-2-2-5-5-9. That's 888-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM.
Starting point is 00:12:39 I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computers. 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.
Starting point is 00:13:26 Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. My cell phone is a mature technology at this point. How far are we from that point with Kondo? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large. Lodge problem. To learn how IBM is building the future of computing,
Starting point is 00:13:52 visit IBM.com slash quantum. 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 CBS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack.
Starting point is 00:14:18 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. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points.
Starting point is 00:14:42 Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, silk, Capri-Sun, Bavarian, meets and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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 called Bob. It doesn't get better than this. And welcome once again to Investors Edge. So I just
Starting point is 00:15:51 want you to remember all these things we're talking to you. This is about everything we do. It has everything to do with your jobs. I got news for you. How's your jobs if you live in places like Oakland or how about downtown Portland? I get a lot of emails from people in downtown Portland. The media really does suck. They could do such good. And by the way, we're not talking opinion people. We're talking the anchors. We know opinion people on the left and on the right are in the tank. We know that.
Starting point is 00:16:33 When you have a guy this Bryant Stelter on CNN that is supposed to be the fact checker, and instead of talking about a murder and how did it come about that this guy's out of jail? No, people are bringing it up because they're racist. I'd like to sit down with him. and have a talk to him. Don't think it would affect anything. Be worth a shot. Anyway, that was my take.
Starting point is 00:17:09 How to bring that up. Next, Dow up 196, S&P 17, NASDAQ 80, NASDAQ 177. The advanced declines were not good today. It was kind of bigish today. Of note, in the Dow, between Goldman Sachs and United Health
Starting point is 00:17:32 50 times 6, 300 320 Dow points with the Dow up 196. United Health the story goes is that as you know, three or four weeks ago hedge funds bought a crap load at least in the quarter before they were losing their butt. It got announced including Warren Buffett
Starting point is 00:17:53 sat around for three weeks. Today broke above that little range at the bottom. And it matters because United Health took 2,000 points off the Dow. Goldman Sachs was up 22 today. And that's because of J.P. Morgan was at a conference saying things are pretty good. And of course, they're the greatest bookies on earth these banks. And whatever they do, they're great bookies. And by the way, that's not a put-down.
Starting point is 00:18:23 So the good day for J.P. Morgan, Goldman Sachs, Morgan, Stanley, and those. And just I will tell you that weakness today in everything economic, but I'm not sweating it just yet. I'll let you know if there's trouble there. The job market is definitely weaker. Leave no doubt about that. Jobs are not as plentiful as they used to be. We'll see how that plays out. We are still very upset with this administration lying to you about they fired the head of the BLS and said it was rigged.
Starting point is 00:19:04 That's a lie. We also need to mention that they're now complaining that to cover up for all that BS. Well, things need to be fixed on how they do things. We've been telling you that for 20 years. What have we said on this show? How is it possible they can come up with? employment numbers with a sampling so small. That's what we always tell you.
Starting point is 00:19:32 The other thing we have told you, our wonderful government over the last couple of decades has changed the formula on inflation to make it lower than it really is and change the formula on GDP to make it higher than it really is throughout the years. You can change these little formulas. Remember, the government, they don't have your best interest. You think they have your best interest? They change the formula and make all the numbers look better throughout the years.
Starting point is 00:20:08 That's what they're very good at. That's the story there. But the market's acting swell. Yields have come down, though they were bounced up a little bit today. There's some weird things going on in the market. Oracle reported earnings. They missed numbers. They missed numbers.
Starting point is 00:20:36 A stock closed at 241. It's 278 in the aftermarket. That's the second big gap in a row for Oracle. On missed numbers, it's very weird. And in fact, on Oracle, earnings were up. Let's see, 8%. 6%. That's it.
Starting point is 00:20:59 Six measly percent. They made some announcements, I think, having to do with maybe AI or stuff like that. I got to check that out. And just remember for us, it's not the news, it's how things react to the news. But Oracle will not hurt the market tomorrow. It is a big name. And I'm just looking at all up to figure that out. Otherwise, I can complain about a few things in the market.
Starting point is 00:21:41 I can tell you about what ain't. There's still plenty of areas troublesome. But overall, it'd be cool. Tomorrow's another day. There's a lot of moving parts going on. But as we have told you, stable oil prices, stable interest rates, or lower oil prices. and lower interest rates fundamentally is a good thing fundamentally is a good thing and
Starting point is 00:22:21 you know that if interest rates go down cost of mortgages go down cost of loans go down cost the capital goes down and if oil prices go down well you know what that means and maybe you want to Google the words how many products and what products are made with petroleum. That would just be another thing to look at. Major indices remain above moving averages. Transport's still weak. There ain't nothing going on there.
Starting point is 00:23:02 Gold probably hit a near-term top today, but that's only after a real strong move after the 18-week range breakout. China better. Japan better By the way My wife and son are in Japan right now I've been there once
Starting point is 00:23:25 This is my wife's second time And absolutely loves it there It's a pretty cool place By the way If you've never been there It's a visit And I gotta say it about China also It was fantastic
Starting point is 00:23:36 Up next What else To cover I'm Gary This is the one only investors edge 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?
Starting point is 00:24:25 My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of the kids, 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,
Starting point is 00:24:54 with the goal of being 70% more productive. Yeah, wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept
Starting point is 00:25:13 that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. 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.
Starting point is 00:25:40 It matters that CVS is here to fill your prescriptions and here to fill your craving for a day. 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.
Starting point is 00:26:02 Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, Oira Ida, Silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go-pick-up or delivery.
Starting point is 00:26:30 Restrictions apply. See website for full terms and conditions. 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.
Starting point is 00:26:48 Gary Colbubbom. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investors Edge. Thanks for being with us today. By the way, we used to say, hope you don't mind we talking about other things, but I have to tell you,
Starting point is 00:27:19 we don't say that anymore because, dang, is this stuff important? You know, there's been talked for a while about easy-going judges on criminals. and never wanted to believe it. But man, it is out there in droves. Out there in droves. And what's interesting is this administration just put federal charges on this murderer,
Starting point is 00:27:53 which is not normal, and maybe they're reaching. But, man, I love, I'm just a big believer. if you don't make crime pay, crime continues. And look what's going on in Washington, D.C. It is amazing to watch these other mayors mad at Trump for taking murders down to zero in Washington, D.C., because he put a presence there and made the criminals know you are screwed
Starting point is 00:28:26 if you continue to do what you're doing. And if they don't like Trump and they think he's some sort of dictator and he's overreaching and stuff like that. Instead of whining and complaining, maybe you want to do a bigger presence in your own city. I'm especially mentioning Chicago because the governor and the mayor of Chicago suck
Starting point is 00:28:47 when it comes to their citizens. Sucks. They were talking about how crimes down, from big gargantuan levels. It's like the Wild Wild West in certain areas. is there. And instead of complaining about Trump, hey, let's see. So Trump put this bigger presence into Washington, D.C., and crime has stopped. Hmm. Hmm. I have an idea. Let's copycat that. No, whine and complain that Trump's a dictator. And by the way, you know I'm no fan of Trump.
Starting point is 00:29:35 I'm upset with a lot of things he's been doing, but I am a fan of other things he's been doing. It's like half and half. Anyway, we just think this is just so important. We really do. Imagine your community that you live in, city you live in, and imagine if you're scared to go out at night. Imagine if you're scared to walk the streets. There are cities out there in the United States of America. America, 2025. They're interviewing women in Oakland, and the women are saying, I won't let my kids out at night. What? It shouldn't be. And it all comes down to leadership. In Gary Kallbaum, any city I'd be running, there'd be no crime. I would scare the living crap out of every criminal. I'd be tough. And it would be very simple. I tell him, just don't do crimes.
Starting point is 00:30:41 Don't commit crimes, you're good. And that's it. Anyway, we're done with that for now. Few other of notes. Apple. So the stock has been acting better because Tim Cook kissed Trump's butt and made up this story that he's going to spend, I don't know, trillion bucks, and he's not.
Starting point is 00:31:04 He's just appeasing the president, and the president gave him exemptions. Maybe Apple will do a couple of things here and and spend a little bit, but as soon as Trump's gone, they're going to stop. I'm a big believer in that. Anyway, so Apple announced new products today and amazing that just sold off. And I'm just thinking to myself, does all Apple have is the next watch and the next phone? And I'm hearing they're going to do a flip phone. Is that going to sell? And by the way, nothing, I've had Apple forever, and I finally, after about four years got a new iPhone.
Starting point is 00:31:40 And I don't know if it does anything different. Maybe it's a better camera. I don't know. But I just decided to get it. You know why? I was at the store. My wife was getting one. I said, okay, I'll get one too.
Starting point is 00:31:52 Couldn't let her one up me. Anyway, fantastic company, but I got a question. Oh, it's just the next phone. Oh, the next watch. and I'm trying to think what else can they do next and I'm not sure of that answer. They were going to do an auto. That ain't happening. That was like 15 years ago.
Starting point is 00:32:18 Anyway, that's Apple. Next, just a little note, and I think you're seeing it also. And as you know, when I go to the supermarket and stuff, I check things out. The bag of chips is so much small than it used to be at the same price. actually the price may be a little bit higher. The people that say there's no inflation are lying to you. There is. And when we get inflation numbers, I don't believe half of those.
Starting point is 00:32:49 St. Regis, Chicago, I'm just mentioning this. There's nothing to do with St. Regis, has nothing to do whether it's Chicago. They are putting on a 3.5% inflation surcharge added to the bill. but you don't have to pay it. So in other words, if you see it on the bill and you don't want to pay it, you can just tell them they'll take it off. But they put it on first, and if you don't see it, you're screwed. Instead of saying, do you mind if we put it on?
Starting point is 00:33:27 And they are not the last that is doing this. And they're not the first. there's a lot of companies now and a lot of establishments that are putting on these little additional inflation thing mobbs out there. Do you know at this juncture, I only look for two-for-ones at the supermarket, and I know which ones they do? Prices are up there.
Starting point is 00:34:00 And I'm not seeing anything come down, just letting you know. the paparones you know what paparones are they're you know dog treats they are so much
Starting point is 00:34:16 higher in price than a few years ago I can't even begin to tell you but I think once a month they have the two for one so I do that I do the two for one
Starting point is 00:34:27 Pepsi zeros when it's out I noticed they had two for one M&M bags and then I looked at the M&M bags and realized
Starting point is 00:34:38 they're like 50 percent higher. My wife get a certain type of coffee. I forgot the name of it. They used to go for $7.99 for a box of them. And they used to offer two for one at $7.99. They're now $12.99. And you get $2 for one. You're back to the old price almost. There is a lot of that going on. Just letting you know. I don't think we're out of the woods yet on that, which has me little worried about the president. As you know, he will be running the central bank.
Starting point is 00:35:26 He's just going to put puppets in to run the central bank. And if he goes too far on the easy money, he will pull a Powell. You know what a Powell is. The reason we got 9% inflation, because Powell printed to 9% inflation, because Powell printed to 9% to $9 trillion and took rates to zero and kept them there. Inflation is not a phenomenon of government spending, even though the right blame Biden. It is a central bank phenomenon of stupidity. Too much money created to chase nothing.
Starting point is 00:36:05 So that worries me. So just letting you know if you think we're out of the woods on inflation, at least from what I'm seeing, food inflation ain't dying so quickly. Now, there's other things that are better. You know where it's getting deflation. Housing. Housing soft. I can tell you that.
Starting point is 00:36:29 Electric vehicles, soft, especially Tesla's. Go look at what Tesla used car prices were like 18 months ago and where they are now. I think they're down like a bazillion percent. Yeah, you can't be a bazillion. Expensive watches have come way down. So there's some deflation out there. And there's some decent pricing. The big thing for me, let's hope oil prices just stay where they are or lower.
Starting point is 00:37:03 Muir Importante. Up next. This, that, and the other thing, or whatever else. I'm still trying to figure out Oracle. I'm Gary. This is the one only investor's edge. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata.
Starting point is 00:37:49 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.
Starting point is 00:38:20 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.
Starting point is 00:38:49 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. 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. or night, and we want everyone to feel welcomed and rewarded. It matters that CBS 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.
Starting point is 00:39:38 Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up
Starting point is 00:40:05 and go pick up or delivery. Restrictions apply. website for full terms and conditions. You're listening to what are we waiting for? Well, what are you waiting for? One, two, ready, go.
Starting point is 00:40:19 Action! In the guester's edge with Gary Culper. Yeah, so my Giants sucked week one. My fantasy football team, get this, going into last night,
Starting point is 00:40:48 I was tied. Me and my buddy Randy each were tied and we were Coach of the week tied also. All I needed was one point to win. That's it. I had the tight end from Minnesota. He got no points. So I end up tied for the week. How depressing. But I do have a very good team I do believe this year. It will come down to injuries as usual. But I really do believe I have one heck of a team this year. And I don't say that every year. In fact, I complain most years. I picked up in the seventh round, Zay Flowers, who was the number one receiver in
Starting point is 00:41:28 the week one for Baltimore. And of course, I have Lamar Jackson also for Baltimore. That's just the scoring machine. And I got Bejean, not Bejohn, I got Jemir Gibbs, who didn't have a good week in week one, Detroit, but I'm not so worried about him. I should have taken Sequehuan, though. And that is our fantasy football watchamadugie for the day. I should have won. Oh, well. Let's see what else I wrote down. I think that's about it what I wrote down. My big complaint was a little bit outside of the market today. It hits home when you see this. and when you just start reading about these judges
Starting point is 00:42:24 and you hear this guy was arrested 14 times and a bunch of them were violent offenses and he got cashless bail there was another murder I saw a week or two ago same thing it should be so easy and so logical too so easy and so logical back on the economy
Starting point is 00:42:55 so the job market is weakened I'm going to be watching it closely. If anything's going to cause a problem for the economy, it will be a weakening job market. And typically, typically, a job market that trends down usually trends for a while. And you have to remember, I do believe the uncertainty of these tariffs are part of the equation. Maybe the AI and maybe just cyclicality, I don't know. but we're going to be watching because we're always putting out questions to our peeps across the country.
Starting point is 00:43:52 And a lot of the, we're getting people saying, no, business is good, business is fine. We're getting a lot of industries coming back to us talking about softness, the not needing new hires. and that's for starters, not needing new hires. That's besides getting rid of already employed. And how does that work? Well, you tell me, you're out of job, you've got to go on unemployment. Have you ever seen what they pay you for unemployment? We always hear the story about how many people live paycheck to paycheck.
Starting point is 00:44:45 Also about savings, how much light and savings people have. So what do you think happens when people are worried about their job, still have a job, or lose their job? You got it. And where will we see it? We'll see it in, listen carefully, airlines, cruise lines, Disney, retailers, economically sensitive. Housing.
Starting point is 00:45:34 Now, housing's been up because of interest rates. I don't think the housing business is in great stead. It's just the natural law of order in the markets when housing is up. Is because of interest rates, but then reality sets in. We're going to be watching these areas closely. because the market is pretty darn good at flushing out trouble in the economy. We've told you this time and time again. That's why we have stated for so long that the people calling for the end of the world economy
Starting point is 00:46:09 do not know what they are talking about at this juncture because the market will crack first. 100% will crack first. And it's just not happened yet. I can tell you it was a bad day today and I can tell you they hit the things you don't want to see it today. It's just one day. But if we start to see protracted, poor action and downtrends in those areas, we'll be talking. And we're not talking about one-offs. You know what's weak right now?
Starting point is 00:46:53 Some restaurant chains. Not all, but some restaurants. to be watched. Why? Because if all the restaurant stocks are heading lower, that's part of that list. Because what do people tend to do when they're worried about their wallets and their job? Honey, we're not going out to eat this weekend. That's how it works. It's all about decisions and choices. And there's also talk about the wealthy versus the non-wealthy. I got news for you. One of the weakest stocks in the market right now is LVMH.
Starting point is 00:47:35 This is that huge luxury goods company involved in champagne and leather goods and all kinds of crap. So don't think that they're going to get away. with it. Again, these are the things we're going to be watching. That all said, have a great evening drive carefully. And when you get home, do like we do, quite simple. Make sure you hug with family. Heck, make sure you hug your children. They will feel better. You will feel better. I promise they will be well. Thanks for joining. Peace out all. Good night. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK.com.
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