Investor's Edge with Gary Kaltbaum - OIL PRICES SPOIL THE PARTY

Episode Date: July 7, 2023

Follow Gary on GaryK.com

At Arizona State University, we've made online education better, smarter, and more personalized, so you can go further in your aspiring field. I decided to pursue medicine once I realized that ASU did have the online program for biological sciences. You're still required to learn the same curriculum. You're still being tested on the same content that anyone would be tested on in person. The comprehensiveness of the program prepared me so well for medical school. Explore over 350 plus programs at ASUonline.asu.edu. 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 here, ladies and gentlemen. Happy that you are listening. It's 7-7.

It's Friday. Glad it's here. And ladies and gentlemen, we are famous for the line when things change, we'll let you know. We've got a few things to tell you today. We hope you are listening on the potential of things changing for a couple of areas of this market. Stay tuned.

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 our Twitter feed. if you don't follow us on Twitter, put our name in, or press the button at garyk.com. And of course, you can email me. Just be nice. Quite simple. I have to start.

You know, we talk to you about the things we care about in an unbiased and logical way. And as you know, when we say unbiased, we mean it. We mean it. The things that we are reading about and seeing are about as stupid and illogical as can be. And we're not even talking about the debt and the deficits and the growth of government and the spending and all that crap. And, you know, we get emails every now and then. Gary, talk markets, email. Come on.

Money, this and that. Everything we talk about has everything to do with you and your money because these are people that are running the show. And as you know, what do we care about most? Hey, mom and dad, what do you care about most? I have to read something to you. It's so disheartening. Time and time again we have told you stories about schools and the shape of things to come,

about how great some schools are and how bad some aren't. How great some of the leaders are and how some aren't. So I just have to read this to you, and if you don't think this is anything to do with you, sorry, can't help you. Josh Shapiro, Pennsylvania government, backed a Senate proposal for school vouchers for children in kindergarten to 12th grade. It was one of his campaign promises in 22. He caved this week. there was a $100 million scholarship plan which would have helped lower income. Listen carefully.

You know how they talk about lower income and blacks and point blank would have helped lower income students in the state's worst performing district schools and will help them find other educational options. in K through 8 would have received 5,000 high schoolers 10,000 special needs $15,000 vouchers for tuition to go elsewhere where they can get a better education because of so much of the failing of education in some of these schools in some of these areas. 63% of Pennsylvania, I don't believe in polls, but I'm just going to repeat this. 63% of Pennsylvania residents support these school vouchers. If you have a car and you bring it to a mechanic and he doesn't do a good job and the sucker breaks down in two days, what are you going to do next? Go to a different mechanic. Why can't we do that with schools? Why?

Because they're union run and government run. There was also a second fund that wouldn't have touched public school money. So they wouldn't have lost anything either. They just blew it off. They basically look your kids straight in the face from lower income areas. Go screw yourself. Go screw. And of course the governor blaming this, that, and the other thing.

When are the people of these states and cities going to elect people that actually do the right logical thing? And I'm not talking about flapping gums. I'm talking about doing the right thing. If a school is failing, you should have the opportunity with your tax dollars to go where a school isn't failing. The numbers and stats for our kids in so many areas this country are horrendous. Notwithstanding what happened with COVID and keeping them out. So I just had to start with that. I've told you the store with my kids.

I had them in public school. I took them both out. One of them was in high school, and there was just drug deals and fights and police every day. The other one was getting threatened by kids every day, and the principal didn't give a crap. My kid's arm was broken on a prank. Took them out.

Best move I ever made. Greatest investment I ever made. Yet these kids have no choice because of government and their illogic stupidity. Yet we keep electing the illogical. I just don't get it. Maybe one day that's going to change. But for the lower income kids in the state of Pennsylvania, you just got the middle finger. and your parents got it in a bad spot.

I had to start with that. And by the way, we want to talk good things. We want to be optimistic. And then we get this. And it's just one of the many, just one of the many illogical things that we keep hearing and reading about. I had to do a dissertation on

if you steal under $950 in certain cities, you're okay. Above $9.50, you're screwed. Are these people morons that come up with this? These thieves are walking in with calculators, adding up to $949 and walking out. And some of them have done it 30 and 40 times, and nothing happens to them. and stores are just plain old shutting down because of it they've thrown up their hands they've given up

other stores here in new yorks everything's locked up they have to hire security somebody was fired the other day i forgot from what store it was because he videoed a thief he didn't even go after him he videoed a thief they fired him we don't want you video a thief what i'm trying to help you illogical until everything shuts down. My friends in San Fran don't even go into downtown. They don't even go near it. That's Nancy Pelosi's place.

Do you think any media interview her? I haven't seen one person ask her, what the hell are you doing about your district? So, again, we'd rather do one hour of markets, but this matters. This is huge. This is big time. Anyway, we move on because what we do here is segue well.

The market wrap. The disappointing market wrap brought to you by Investment-Dashmodels.com. That's Jim Mora back. One of the great market timers. No gray areas with the man you're either in or out of the market. With his proprietary indicators, go check it out. Investment-mottles.com. Well, first off, before I even give you the numbers and I know my music's going to play,

any second, we told you some changes. And I'm wondering if the changes are going to affect some things. Not 100% sure, but affects some things. For months, we have not even had to utter the words, energy, energy stocks, oil, oil stock. We recently mentioned that a few had broken into new high ground. But just a few, we can add to it. That'll be up next.

On this to one and only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy.

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 888-422-5559. That's 888-4-22-55-9. That's 888-4-2-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata.

We discussed his vision for the future of quantum 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? My cell phone is a mature technology at this point. How far are we from that point with Conton? 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.

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, I have a stomach ache 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. 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. Let me start by saying, as a little thing of a Bob for you, there is an inverse relationship between the value of the dollar and commodity prices.

That's the normal. The value of the dollar influences commodities prices, mainly because the dollar is the benchmark pricing mechanism for most commodities. Simple as that. We're told it's become less significant in the last few years. We don't believe that. We think it's still significant. The primary reason why the value of the dollar influences commodities is that the dollar, it's the reserve currency of the world.

It's the most supposedly the most stable foreign exchange instrument. Simple as that. foreign buyers purchase U.S. commodities such as soybean wheat and oil with dollars, and when the value of the dollar drops, they have more buying power because it requires lower amounts of their currencies to purchase each dollar. Very simply, demand typically increases as prices drop. That's all. That's the story. This whole year the dollar's been weak, but for the last few months, the dollar has just been back and forth. Today, maybe, not 100% sure.

Maybe the die has been cast for another move in the dollar. Dollar was very, very weak today. Big time week today. And when you have a chance to look, I'm going to tell you about the dollar. the UUP. It's the U.S. dollar index. You can look at the chart.

It hit a higher 2867 in March, 2872 in May, and just recently, 2850. Today it sank pretty darn good and potentially

putting in a lower top. The big top was back last September, October, and by the way, notwithstanding the market

bottom at that point in time. What happened? What happens today? Oil prices look like they are moving up off their recent lows, breaking above moving averages. And then the strongest area of the oils, which is the oil services. And how do you measure when I say strongest? go look at the OIH oil services versus the XOP, which is the oil explorers of production, versus the XLE, which is kind of the big oil. The oil services are 10 times stronger.

You get my point. Much stronger. The oil services exchange traded fund today was up 6.9% and had a big, technical move today back into the range that was going on between November and March huge move and some of the names we had mentioned recently TdW D-O-N-E which we said hey just so you know there is some strength in oils but most most of very weak they had a better day and then with that OIH came today Halliburton, up the right side on heavy volume.

And what we mean by up the right side, go look at the chart, Schlumberger, SLB, up the right side on heavy volume. And there are some others, but those two really are good examples. When you scan this week, you'll know what we're talking about. On top of that, commodities. commodities. Now, we have about 50 commodity stocks that trade. About 50. I really don't have one that's breaking out. But guess what they're starting to do? And I say that by telling you, in the last couple of days, they were hitting them. They were taking them down.

after trying a rally. So commodities, and all I know is during the day-to-day, I had to play with my screens because every time something show up, I move things around. That's the MO on what I do. So we're just letting you know the oils and commodities don't know which ones yet. I just mentioned a couple. We're not telling you to buy, sell short a cover.

but they're on the move today. All day to day, market was doing fine. The Dow was weak, but you had some good action in a lot of things. And when I give out the final numbers, it's kind of weird in that the advanced declines today were pretty darn good. but at the end of the day market was unhappy and brought some things in and we're just wondering what that means

we're not 100% sure all we know is we'll keep our eye on the ball stay with the main trends if things change we let you know we think without a doubt the oils that a little bit on the changing front today we'll keep you up to date on a daily basis but that was a good move

but on the other end Dow down 187 and finished poorly that's the other part of the equation we don't like finishing poorly the NASDAQ finished down 18 no big deal right NASDAQ 100 down 52 no big deal right yeah a little problem they were up much better during the day

they sold them off into the clothes we never like seeing things sold off into the clothes and maybe it's nothing maybe it's no big deal we're just letting you know at the end of the day today they sold them off into the clothes where was the strength today as we mentioned

oils other commodities but what else economically sensitive stuff caterpillar deer fedats chemical companies, auto dealers, truckers, up next. We'll continue along these lines.

I'm Gary. This is the one only Investor's Edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. 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 Conton? 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 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. All right, quick quiz for the hiring managers out there.

What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed. sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person

to cut through the chaos, this is a job for Indeed's sponsor. jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed sponsored jobs.

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 senator. with gary coltbaum comes highly recommended you're gonna feel better if you talk to and walk once again to investors edge so to be blood i'm gonna have an interesting scan this weekend and remember when we scan we do it with absolute no bias you know what else had some strength today why would china emerging markets have some strength today because a weak dollar now i will tell you this and i don't want to get too technical here But I think this will, you'll get it.

The one screwy thing about the weak dollar is it's happening while our interest rates have been going higher. We finished at 4.05% in the 10 year. Normally, the dollar is strong leading to higher rates or higher rates leading to dollar strong. So the fact that the dollars weak with higher rates, that's weird. That one goofs me out, but we'll just pay attention. But as I look at my screens here, green economically sensitive, green commodities, green travel transports related, green energy, green auto dealers, red, kind of sort of everything else.

What does that mean? Beats the heck out of me. We'll just follow the bouncing ball. The finish, not thrilling. Just remember, we love good clothes. It may not mean much to you. It means much to us. Historically, bullish phases have good clothes.

closes most of the time. Doesn't have to be all the time. Bare phases have bad closes. That's where the big institutional crowd is doing its bidding. That be the story. The next part of the confusing equation, we have told you in the past, we don't trust much out of our government. We really don't.

If a government's taken us to $34 trillion of debt, how do you trust anything out of their amounts? That's criminal. So yesterday we get this strong employment number. Today we get a weak employment number. One's the ADP and one's the whatever. Now keep in mind when you have a chance, I want you to go look,

how does our government come up with the employment numbers? And you probably end up laughing. Oh, a survey of so-and-so-a-me-and-so-a-matter. of businesses and then they have something called the birth death factor and they add in this and pull away that so who the heck knows the other part of the equation is they're saying that yesterday's employment number is a lot of lower paying i got news for you lower paying it's still a job it's good people have jobs i don't care what anybody tells you and lower paying can turn into

better play paying jobs so just a lot of weird stuff this week a lot of what we call jello moving on the plate and we always are a constant what i would call state of flux depending on what the market decides but as we tell you when we're wrong and by the way you know how we know when we're wrong. The first penny it drops. Or if we sell the first penny, it goes up. But our motto is be wrong fast and be wrong small. And when right, hopefully let him run. And by the way, the hardest part of what we do is sticking with a winner through its ups and its downs. That is really our hardest part. We're still learning to this day. But I just want to make sure out of the get-go on the markets, scan the oils this weekend, scan the commodities this

weekend. By the way, you can continue to scan the airlines, the cruise lines, economically sensitive stuff. You know what we mean by that, right? Industrials, machinery types. Scan some of the transport types. The machinery types, like, you know what we mean by that, right? And caterpillar deer. They had their two or three day pullback real strong close by today. That's saying

we dropped in the Dow pretty good into the clothes. That's saying we dropped pretty good into the clothes. On the technology front, a bunch of things are resting. Nothing wrong with resting. Nothing wrong moving up,

sitting around for six, eight, ten weeks. than making another move. As that happened, we start gauging. In the last two or three days, we consider a bunch of names went by the wayside. What do we mean by that? Well, they ain't holding up anymore.

They broke the upward staircase. Decent amount of names do that, did that, and at that point in time, they basically moved over to another one of our screens until they show themselves again. That's all. It's pretty simplistic. We're not allowed to use the word guarantee here.

Never would. But we can safely tell you. We got the best eye in the business and have proven time and time again knowing what bare markets look like and how to stay the hell out of them. We're always amazed more and more people. Well, I take that back.

We're always amazed 99% of them out there in the business. Do not follow a simple roadmap on staying out of a bare market. We're always amazed. And when I see people come to us and show us an account, and it's got stocks on them down 75%. You know what they're told? don't worry everything's okay it'll come back i'm like what you know there's all these geniuses now that are talking about how good they are about how some of this tech stuff has come back

i saw somebody talk about how oh they bought teslet 300 watched it go down to a hundred hey it's back to 270 i told you you watched it go down to a hundred you lost 66% of your money you were okay with that they're actually proud of themselves I got news for you if I owned the stock and wrote it down 66% I'd have my head buried in the sand

so just letting you know it ain't never going to happen we follow a strict roadmap we've studied I can't begin to tell you how many hours it's based on what we see not what we hear. It's based on looking at a photo album for familiar faces.

And if anybody entered my cushy lair, you will see I have oodles and oodles of printed out charts and model books from the O'Neill Seminars, photo album for familiar faces. Keeps us out of trouble. Keeps us out of bear market areas. And enables us to also come out say to you, we think oils really showed up today. And as always, if anything changes, we'll

let you know. And as we tell you, every night, we scan 1,500 names plus 200 sectors, every country, every commodity. We try not to miss a beef. Up next, we'll take you to the weekend. I'm Gary. This is the one only investor's edge. talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. 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?

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 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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs.

You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report. support a higher than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now.

Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa. So I must tell you on a personal note, I'm here up in New York with my father and my mother. My father turns 92 in October. My mom's 90. And they've lived a great life. They are attached at the hip.

Age is really starting to come into play now. And amazingly, I'm saying that now at this age. I know a lot of people at the age of 70 that sons and daughters can say this about. and 75 and 80. I don't know what my parents did right. I can tell you it was only about a year and ago, a year and a half ago, I got the keys away from my father and driving. But I can tell you, I can finally see what word am I looking for? Do you get where I'm going?

I don't even want to use the words. You know what I'm trying to say. Anyway, cherish every day. You catch my drift, right? Hopefully, they live to 100. I have never felt more important as a son than now. And I'm pretty sure a lot of you know what I'm talking about. I thought it worth mentioning.

Let's turn back to oil. I've got to read this to you, and I will be checking it out. First off, number one, U.S. petroleum production is on pace for a record-breaking year. U.S. crude output this year through April's up 9% from a year ago. Surprising analysts, given that oil futures were sliding in country shale boom, were showing signs of peaking. The surge is being driven in part, you ready? By improved production efficiency.

Interesting. And as I go through this article, you know, in OPEC, they announced cuts, but crude prices still slid about 13%. They were up nicely today, though. And then I read this. Listen carefully. Companies' efforts to improve efficiency are also giving them more leeway to remain profitable even when oil prices are slipping. Production improvements, since 2014 have pushed down the cost of drilling and fracking in the U.S. shale patch by 36%. Frackers have found ways to force more water and sand, I know this is boring, into rocks and create more oil-freyed fishers. Conoco Phillips said it's planned wells this year will be 14% longer than those it drilled last year.

Another major producer EOG resources said it bored a well over five miles deep and nearly three miles long in South Texas. Get this line, you ready? The increased efficiency means EOG resources, you ready? This is the money quote. Can earn just as much money from oil priced at $42 a barrel today as it would have been from oil trading. $86 nine years ago. What? So are they saying that price doesn't matter anymore?

Let me read that again. Earned as much from oil priced at $42 a barrel as it would have from oil trading at $86 nine years ago. Now this article came out in the last couple of days. Excuse me this morning. last yesterday for this morning I'm wondering if some of this move today was off that just that line you know what markets pay up for

profits so if all of a sudden it is believed that these companies can make just as much money when oil prices are 50% below where they were years ago that could be huge all we're going to do will watch price

it'll tell everything. It simply comes down to if you have a fixed cost on a product and it just went down 50% to make and you're still charging the same amount, your profits expand big time. That was in the Wall Street Journal. The title of the article is U.S. oil boom,

Blunt's OPEX pricing power. You may want to check that out. I'm going to get a hold of my buddy Phil Flynn, greatest oil analyst on Earth at Fox, and ask him what he thinks about that. That's what's being reported. We're going to double and triple check that. Why? Stock price? That's all.

Imagine if Apple announced that the cost to make their iPhone is down 50%. Yet they're going to charge the same amount. Or any company, that's a stock price going higher. So I thought that noteworthy too. All in all, though, disappointing clothes, but I got to tell you, with the Dowdown 187, advance the climbs were 28 to 11 on the New York and 2714 on the NASDAQ. It was a commodity, economically sensitive, stuff, base day.

And I did early scans today. I got to do them again. Why? They dumped this sucker into the clothes. That all said, you have a good weekend. Drive carefully. If you're traveling, safe travels. And when you get home, do like we do, it's quite simple.

Make sure you hug your family and hug your children. They'll feel better. You will feel better, I promise. Until Monday, again, have a good one. Thoughts are with you. Peace out all. Take care. Bye-bye.

This has been Investors Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. 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. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.

Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected.