Investor's Edge with Gary Kaltbaum - ORACLE...WOW! [09.10.2025]

Episode Date: September 10, 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 Coltbaum, your host day.
Starting point is 00:00:47 Thanks for being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening. It is Wednesday, the 10th, September, 2025. Hope you having a good day. before we even get going. Late breaking news, I don't know if you know who Charlie Kirk is. He is the head of Turning Point USA, which is a youth-based political organization that wants to bring youth on college campuses and in schools to the, I guess you call it the conservative.
Starting point is 00:01:28 side. He does these get-togethers at colleges to where he sits and debates people who completely disagree with him. He was very instrumental in the election for President Trump. Well, he was shot by a cowardly prick on the campus in Utah. And I don't know. I don't. don't have any other info. As you know, we have no bias here. We don't care what side of the aisle you're on. Violence. No. We hope he's going to be okay. I don't know him. I've never met him. He's definitely right-leaning. The Morlocks are already out. I'm not going to name who. And we're just going to leave it at that. Nothing else to discuss on that.
Starting point is 00:02:40 But the creeps are out in droves already. It's amazing to watch. Wishing and wanting death for people for having an opinion that's different than yours. I'll never understand. Anyway, we have some fish to fry today on this show. And time to cover. By the way, first, this is serious talk on everything that affects you. We'll do the markets, the economy, your job, your industry.
Starting point is 00:03:14 Debt and deficits and scams and shams and corruption, you name it, we cover it. And if you don't get this radio show in your city, we'll post it at garyk.com. We'll also post it on our X feed. And if you don't follow us, it actually should. also the YouTube channel biz TV and all the podcast apps and if you'd like to email me
Starting point is 00:03:38 just be nice by the way one more note as I have told you we were going to run for office and a Democrat and a Republican operative scared me straight on some of the
Starting point is 00:03:54 questions asked and the things they had said and also So the part of it is the security. In case you don't know, the amount of death threats politicians get, you would not believe. And I must tell you, I like living. Actually, we just hope the young man is doing okay. I think he's only like 30 years old.
Starting point is 00:04:21 All right. We move on. Oracle. Let me read something to you on Oracle, which by the way, finished up today, $86. to $328. And in case you don't know, this is a bigger cap stock. So $86, my dog is barking in the background. You'll have to put up with it.
Starting point is 00:04:48 $86. I'm going to say it's about 240 billion additional market cap in Oracle today. Let me read the numbers to you. Oracle now projects cloud infrastructure revenue to climb from 18 billion this year to 144 billion over the next 4 to 5 years. And I believe there's, I think they're saying that's yearly revenue. Revenue to climb from 18 billion this year to 144. That's what I think they're saying.
Starting point is 00:05:35 In case you don't know, these are gargantuan numbers. and gargantuan predictions. And in case you also don't know, Larry Ellison, the CEO, is not like the guy who runs micro-strategy calling for $13 million on Bitcoin. He's not out there touting, and he's given out these numbers.
Starting point is 00:06:03 Now, keep in mind, these are predictions. But I think they're based on some valid thought process, time will tell. I hate saying those three words, but that's a fact. Time will tell. And all I can tell you, not only Oracle, but anything involved, anything involved with what we call AI cloud contracts. By the way, that was another part of this. They have something called remaining performance obligations, surge from $138 billion to $455 billion quarter over quarter, a massive 359% jump anchored by four multimillion-dollar AI cloud contracts.
Starting point is 00:06:55 It's unbelievable. The numbers are staggering if, in fact, all this comes out. And what ended up happening, anything involved today, things that were sleeping woke up something like a GEVanova
Starting point is 00:07:15 GEV up $38 today 6%. And it's been sleeping for a bunch of weeks and what they do is how do I put this electric power systems
Starting point is 00:07:28 and that would be for the data centers and things like that not only GEV but let's a weaker C.E.G. was up $19 today. And there were others. Then there was also something like comfort system,
Starting point is 00:07:47 symbol fix, ventilation, heating, air conditioning for commercial industrial use. The data centers. Then there's something like VIRTV holdings, VRT, was up 12% today. Guess what they do? technology, infrastructure, for data centers. So anything to do with AI on the move.
Starting point is 00:08:16 Broadcom up 9% today, just recently gapped up. Nvidia, not the greatest move, back above the 50 day, up 3.85%. Palantir up 4. I can go on and on. You get the point. That area was amazing today. with the NASDAQ up six. And by the way, the NASDAQ was down 50 with 20 minutes to go.
Starting point is 00:08:45 The NASDAQ down six. Now, there were some things that ended up negative because of it. Amazon, which is very neck deep in some of this stuff that Oracle announced, was down eight bucks today and failed a little move to the upside. as well as some other things and that's what happened with the NASDAQ not being up while Broadcom up 33 Oracle up 86 in the Oracle's in NYSC stock
Starting point is 00:09:19 as well as others Taiwan semi up nine arm holdings which has been dead money for a while up 13 this is all the artificial intelligence stuff so when you hear a lot of people say well those numbers will not come through, they may be right, but according to Oracle, they're wrong.
Starting point is 00:09:47 So very strong day for that area, while weak in other areas, and as you know, we stay away from weak downtrending areas. That is of import. And we'll go through everything throughout the show as far as the markets go, but the story today, that Oracle number that they are predicting. And by the way, their earnings
Starting point is 00:10:16 were only up 6% and they missed their earnings estimate. Let me repeat that. They missed their earnings estimate. But I don't think we've ever seen guidance like this. This is some serious guidance.
Starting point is 00:10:33 If it doesn't come through, bad news. But I want to repeat. Larry Ellison is Not the type that goes out and makes statements like that. I think he has a strong belief. And we'll see how it plays out. But very good day for everything that is a benefactor off of more this artificial intelligence buildout that's going on. Up next, we got a load for you.
Starting point is 00:11:10 Thanks for being here. This is the 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,
Starting point is 00:11:52 including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same. 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 888-4-22-5-59. That's 8-8-5-59.
Starting point is 00:12:23 That's 888-4-22-55-59. Investment advisory services offered through call-bond. 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 Mbeta. 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,
Starting point is 00:12:57 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?
Starting point is 00:13:30 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. At CVS, it matters that we're not just in your community, but that we're part of
Starting point is 00:14:03 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. At CBS, we're proud to serve your community, because we believe where you get your medicine matters. So visit us at cbs.com or just come by our store. We can't wait to meet you. Store hours vary by location. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times the points.
Starting point is 00:14:42 Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORA-Ida, Silk, Capri-Sung, 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.
Starting point is 00:15:08 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. Well, the Dow was down 220 today with all this fireworks and AI.
Starting point is 00:15:43 Weakness, Apple. down $7.30. What happened? I believe we mentioned it yesterday. So Apple does this whole big get-together, and these are our new products, and all it is is another phone and another watch
Starting point is 00:16:07 with some improvements. I hear the phone is, I didn't even spend time on it, but what I did see was one of the phones is going to be a, thinner phone. And I do know, I don't know if they announced that yesterday, they're going to have some sort of flip phone and then the watch. Now, I have an Apple watch. I don't think I'm ever going to, I don't think I'm ever going to need to exchange it or do a new one. And I heard there was some
Starting point is 00:16:41 extra things on there. I think Apple's biggest problem is something I predicted on the fifth phone, which I was wrong on, is that who's going to keep going from the one phone to the next? And I got news for you. People have. But I will tell you, if I'm the normal guy, I got the new phone about, what, five, six months ago, but I waited like five years when I didn't used to wait that long. So all I can tell you, they hit Apple Good Today. and yesterday. And it's just not a strong stock versus other things.
Starting point is 00:17:29 And in fact, Apple, let me see if I can get this right. In three years, how about three and a half years? Yeah, I'll use that. In three and a half years is up 20%. And I gather the NASDAX better than that, I think. Now I'm using the high. Let me see if that's right. Nah, the NASDAQ is...
Starting point is 00:18:07 Okay. Not as bad as I thought. But near term, definitely not so strong, and we don't own any right now. We also just noticed that just let you know, they were hitting some big names like meta and Netflix and Amazon and Apple. Tesla was up nine and finished flat. So I think that weight, Carvana was down 10.
Starting point is 00:18:31 So that weight on the index, but also Costco down $22. And we, what we say for like the last two years, how can anybody buy Costco at a 60 times earnings? And that's a fact. A price earnings multiple of 60, when the company grows single digits in sales and has had some single digit quarters in earnings. And of course there's a premium on it because it's Costco,
Starting point is 00:19:06 but eventually valuation will come in and the stock is pretty much been dead now for about 15 months. And off the highs. And not much off the highs. We'll call it about 12%. But Costco is down $23.00. Also got to mention salesforce.com that's in the Dow. One of the weakest, if not the weakest, big software name remains in the bare market.
Starting point is 00:19:39 And they just reported earnings, the stock gap down. It bounced with the market. And they trashed it back down today. And that did not help the Dow. And I also have to mention in the Dow today, for whatever reason, McDonald's breaking down here. and may I state for the record the restaurant stocks in dire straits. I go through all the restaurant stocks every couple of days. They are all in downtrends at this moment in time.
Starting point is 00:20:10 And you have some big crashes, Kava Group, hit 172 last November at 65 today. Chipotle, we warned you about that 50 for one stock split. Hit a high in 24 of 70 bucks, it's 38. Chipotle. How's Cheesecake Factory doing? Even Cheesecake Factory is topped out, and that was a stronger one. Domino's Pizza down 14 today. Wink stopped down 11.
Starting point is 00:20:44 We'd avoid the restaurants, and that has us thinking. Oh, by the way, Starbucks continues down. Very weak. And Cracker Barrel, which, by the way, They listened. No remodeling of the restaurant. We told you, don't do any changes, but do better marketing. And they listened. Good on them. I actually spoke to the guy who manages the restaurant around where I live. And I said to them, I said, listen, I introduced myself, told them what I did. Don't change. And they did. But stock is very weak because of the group. And again, back on. Starbucks. Remember what I told you? The new CEO said screw that. We're not changing pricing. And I'm like, really? In a price conscience environment, price conscious environment, they don't, they, what do they think? They're premium. But I will say the Cortata is a very good drink. But it is 130 calories. When I have my coffee, which is whenever I don't want calories, but it is pretty damn good. Restaurant business is very tough, ladies and gentlemen,
Starting point is 00:22:07 but you still can't get a reservation at Fort Charles in New York City. You got to pray for one. Anyway, so, where'd we go? Oracle, AI, but a bunch of big names got hit today. restaurants in bad shape I got them also mention rails and truckers very bad shape
Starting point is 00:22:33 and I just you know I put little pieces of a puzzle together rails and truckers huh restaurants huh any pieces of the puzzle there you can put together
Starting point is 00:22:50 I'm always thinking huh delivery of things UPS and FedEx have been dead, we'll be paying attention. Why? Job market's a little squirrelly right now. And as we always said, people losing their jobs will tend to spend less. And when there's a lot of people losing their jobs, there's going to be a lot less spending.
Starting point is 00:23:16 And since it's 70% of the economy, it's something to watch. On top of that, the jobs available has been going down. By the way, Wingstop was only down seven today. My bad. I gave you an erroneous number. Sorry about that. Also, retail. We mentioned that yesterday.
Starting point is 00:23:41 We'll cover that a little bit. And what else was working today? I'm Gary. This is the one only investor's 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? My one advice to them, pick areas you can scale.
Starting point is 00:24:29 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 it. 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. Wow.
Starting point is 00:24:58 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. It's getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smarttalks. 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 00:25:39 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. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st.
Starting point is 00:26:07 Spring in for storewide 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 Meats, 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.
Starting point is 00:26:37 You'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 comes highly recommended. You're going to feel better if you talk to him.
Starting point is 00:26:52 And wealth once again to Investors Edge. So we mentioned Costco down 23. That can't be good, right? I think maybe it's just the valuation. We'll be watching the retail. There's been some retail weakness. Nothing outrageous at this point in time. But if we start to see retail stocks in trouble en masse with restaurants,
Starting point is 00:27:31 which by the way is retail, airlines remain pretty strong right here so no worries the cruise lines remain okay too but if we start to see them we're going to be talking to you oil prices have edged up a little bit
Starting point is 00:27:49 but interest rates have edged down well interest rates have plunged which is not a bad thing but with just a little heads up some of the retail not all restaurants rails and truckers
Starting point is 00:28:06 and let me tell you when you look at the rails and truckers yikes now we're getting all kinds of questions about 1999 and artificial intelligence can we get's yeah we can let me explain how 1999 happened so you know
Starting point is 00:28:27 back then money was flowing into internet and technology and it got a little crazy to where they were buying up internet stocks that really had no game. You had mutual funds change their name from the technology fund to the internet fund. You had companies add dot com to their name and their stocks got juiced. Also during that time, when all was said and done, the home builders, were at one-time's earnings.
Starting point is 00:29:11 I told you that story. So here's how it works. The big institutions start noticing that, boy, oh boy, this ain't working, this is working. And the more this ain't working, the more they continue to sell.
Starting point is 00:29:33 So it ain't working even more and ain't working even more. and the money has to go somewhere because they have to be invested so where does it go oh this is what is working and both sides feed on themselves to the point where the NASDAQ went insane and that is institutions wanting to keep up so they just buy without any abandon with no technical analysis involved they didn't care if a stock went up 20% two days before, just buy it. Because remember, this is all about human nature and emotions and fear and greed. So they would pile on and pile away, I don't think you can pile away,
Starting point is 00:30:30 get away from things like the home builders that were down to one-time's earnings, as well as some other things. And then there's the retail front. I told you the story. I believe it was like seven or eight months from late 98 to 99. I don't know the exact timing.
Starting point is 00:30:56 But I had an account up 100%. And I had a client call me up and fired me. 100%. Wasn't good enough. I had a dime. A very nice, meek and mild man. A doctor.
Starting point is 00:31:20 I had bought Oracle. By the way, I had bought Oracle on a big gap to the upside, and then it flagged, and then I bought it. I think, if memory serves me right, I was up fivefold on it. Four or fivefold. That had a big move. I sold it. This meek and mild man, this doctor called me up and F-bombed me. And when I say F-bombed me, I mean F-bombed me.
Starting point is 00:31:58 Why? Caught up in the fear and greed. And the emotion of, how do you sell something? It was up four or five-fold. That's what's the emotion. were like back then? Well, maybe a little bit
Starting point is 00:32:25 I think this Oracle could set off that type. I am not predicting it. I am not telling you anything. I am not telling you to buy cell, hold, or cover. I just know how human
Starting point is 00:32:43 nature works. You remember GameStop, by the way, when it did its thing, and the 78 80-year-old woman calls me up on the phone. Should I buy GameStop? Somebody didn't even know? And I said, do you know where the stock was a week ago? No, not sure.
Starting point is 00:33:01 And I said, well, I guess it was up threefold. Don't you think that has risk? And her answer was, what if it keeps going higher? And then she got mad at me because I wouldn't tell her what to do. Emotion. So we're going to be watching. two things. Number one, those stocks, the artificial intelligence. But number two, institutions with everything else. Because back then, they were selling off everything to the point where, as I said,
Starting point is 00:33:39 home builders, and it doesn't mean home builders doing the same. I'm just saying it was home builders. I remember most, was it one-time's earnings? And when the market top, guess what did well? The home builders. So if we start coming on this radio show and start telling you about all these areas topping out breaking down, but AI is doing its thing, we'll see. We're open to all outcomes for one reason and one reason only. Three words. Fear and greed. Our job is to measure it, especially when it potentially.
Starting point is 00:34:27 can go to extremes. Other things that, good day for the oil stocks today. Oil prices are up over a stick. Defense stocks are up. I don't know if you saw, though. Poland shot down drones from Russia.
Starting point is 00:34:46 And I got news for you. If Russia goes into Poland, look out. We're talking about some serious crap. Remember, I think Donald Trump did nothing wrong by meeting with Putin. I would have too if I was president.
Starting point is 00:35:07 Try to get anything done. But Putin played him. Would have played me, would have played you. He had no thoughts of stopping. And in fact, on his way home while he was on the plane, was bombing Ukraine. And now, by no accident, sends drones into Poland. Which, by the way, if you ever been to Krak out,
Starting point is 00:35:32 it is beautiful. I've been to Krakow. I haven't been to Warsaw. Got to do that one day. So defense stocks had a better day. And I think, you know, you're seeing also oil prices up. Israel took out some bad people in the cutter. I think that did the trick.
Starting point is 00:35:56 And a lot of moving parts out there, kids. I also want to mention the food, beverage to drugs acting poorly, especially food and beverage. Those stocks are acting terribly. Don't diversify. Make sure you stay in bull markets. And let me tell you, some of these alcohol, I don't know if you've been reading the stories, but alcohol usage is like at its lowest level in like ever. Constellation brands. alcohol company last September was 258 it's now 142 and as you know I don't drink
Starting point is 00:36:39 if I have five drinks in a year it's big and I really the only time I drink is when I go to Nobu because they have this great drink that I it's a spicy thing of a Bob five is a big year for me and I still don't get people in alcohol a lot of it doesn't even taste good But good luck to you. So the alcohol stocks had just been destroyed. Up next, we'll whine and complain about something. I'm Gary. This is the one only investor's edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM.
Starting point is 00:37:44 I recently spoke with IBM's new director of research, Jake Gambata. 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.
Starting point is 00:38:07 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 00:38:31 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 problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum.
Starting point is 00:39:04 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. 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 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, 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.
Starting point is 00:40:12 You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Wester's Edge with Gary Culper. And welcome once again to Investors Edge. Let's talk Pandora's Box. You know what Pandora's Box is, right? If you don't go look it up. You see, as you know, I'm completely against the tariffs. They're taxes, and I'm amazed how many conservatives
Starting point is 00:41:17 just because they want to make nice, nice with the president, all of a sudden love higher taxes. Tariffs are taxes. Let us start. not forget that. The administration is praising the money coming in, but it's not coming in. It's already here. It's being paid by us, our businesses, and the consumers. To what extent it heads into the consumers? I don't know. We'll see. The administration is praising the fact that, oh, we've already collected this amount of billions of dollars, higher taxes.
Starting point is 00:42:02 If you recall the administration, President Trump, one of his main thought processes when he was running for election is Kamala Harris wanted to raise taxes on everything. President Trump did not. Well, not true. President Trump is praising and they're predicting with the Secretary of Treasury $7 trillion is going to come in
Starting point is 00:42:34 over the next 10 years. 8 trillion. Well, that would be an $8 trillion tax hike on the economy. Pandora's box. What does the left like most? The left. They love.
Starting point is 00:43:00 to take money away from you. They love to tax you. You know, Bernie. Bernie Sanders, there's a video out there. You can go check that he once wanted a 100% tax on any money you make above a million dollars in a year, which means the economy would go into the crapper. Who'd want to work? Nobody's going to work. I've been told, But Gary, we once had 90% tax rates Well, we did, but you know what else we had back then? Tax shelters up the wazoo. Do you know back then we had tax shelters where you put in 10 grand
Starting point is 00:43:44 and you can write off 100? I'm not making it up. It was insane. It was insane the tax shelters that were out there. So effective tax rates, people on 90% were like at 25. It was too easy. And of course, they got rid of those tax shelters eventually. I think this may be still some out there.
Starting point is 00:44:10 Pandora's box. President Trump is using massive, gargantuan, multi-trillion dollar tax policy on the economy without the House and the Senate. Now, in case you don't know, tax policy is supposed to go through the House and then voted on in the Senate. And then it goes to the desk of the White House.
Starting point is 00:44:35 Well, not anymore. Taxes. Tariffs. What do you think the next lefty president's going to do? Huh? You know they love taxes. Gavin Newsom. Highest tax rate in the country, I believe, is California.
Starting point is 00:44:55 What do you think he's going to do? Well, he's going to say Trump did it. Up yours, America. And by the way, not only are we doing tariffs, I'm putting an executive order into this, that, and the other thing. And if you don't like it, go screw. I'm here for four years. Go screw. Pandora's box.
Starting point is 00:45:24 So Trump, he's gone in three and a half years. Getting close to three years now. What if a lefty wins? They're frothing at the mouth right. now, ladies and gentlemen, and the president set us up for the kill down the road, setting a precedent of not using the House and the Senate votes on massive tax policy. Did any of you ever think of that? We did. Just remember, the left hate you. They just use you. Unfortunately, President Trump is doing it just a little bit different way.
Starting point is 00:46:16 But the same outcome, a crap load of money out of the economy, we'll see how it plays out. Pandora's box. It's called opening up a can of worms. Now the Supreme Court is looking at this, and the Supreme Court should make it illegal for Trump
Starting point is 00:46:43 to do what he's doing. But they won't. You know why? 6-3. You think they're going to turn down Trump? I doubt it. I'd be surprised. And unfortunately, my so-called brethren that are supposed conservatives,
Starting point is 00:47:10 fiscal conservatives, low-tax conservatives, are actually rooting for the Supreme Court to agree with Trump. So he can tax the living crap out of us. How about that? So if you are for tariffs, you ain't no conservative. That's my take. You may agree or you may disagree. Sorry.
Starting point is 00:47:47 Lastly, 10-year yields down at 4.03. I think we can get a half-point cut, not a cross. quarter from the Fed. Ain't going to create a job, but certainly easier money. We'll see it. That'll be, I believe, next week. And that all said, you have a great evening. Drive carefully. When you get home, do like we do. Quite 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. Serenity now, everybody. Good night. This has been Investor's Edge with Gary Cultbaum on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.
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