Investor's Edge with Gary Kaltbaum - Our mom! [12.03.2024]
Episode Date: December 3, 2024https://garykaltbaum.com/...
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Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk
Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,
your host. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are
listening. It is Tuesday, December 3rd, 2024.
This is a little bit of the cold and fluidition.
As I have gone from Florida, New York, back to Florida, back to New York, and may I state for the record, it is freaking cold up in the northeast.
I don't know how anybody lives there all the time.
In case you don't know, this is serious talk on everything that affects you.
We'll do markets, I promise.
We'll do the election.
the upcoming change of leadership, the economy, your job, your industry, all the things that matter,
with no bias, no agenda, no ulterior motive.
We have only one goal here, ladies and gentlemen, that's we the people, but that's for a little bit later.
Adam, thanks for doing the show yesterday.
As you know, pretty much every weekend, I take the Delta flight around 6 to 7 o'clock out of Orlando to LaGuardia, go to my apartment and then spend the weekend with my parents.
For Thanksgiving, went up on Wednesday, spent the day with my parents.
Thanksgiving on Thursday.
And my mom in particular, well, one's 93, one's 91.
My mom in particular was not doing very well.
And I said to my brother, I don't think she has weeks.
This was Thursday.
I spent the day watching, what do we watch?
I think probably the Maltese Falcon for the 15th time.
I think that could have been.
Watched a little football and just hung with my mom and my dad.
At 7 a.m. Friday morning, I got a call from my brother.
I saw the word Steve on my phone, and I absolutely knew.
My mother passed away at the age of 91, quietly, calmly, in her sleep.
After this occurred, I had left.
Their apartment around 7 p.m.
At 8 p.m., the living tells me that out of nowhere, my mom started saying,
Mommy, mommy, mommy.
She wasn't even talking a lot, my mom at the time, very sparsely.
I'm not a big believer in the after.
I may have to start.
My mom was the prototypical great mom.
Up early, made the breakfast, sent us to school, waited for us when we got home, cooked dinner, made sure we do our homework, taught us good lessons, and of course we didn't have social media back then.
in fact TV was channel 4-710
Canal Bentez
in Miami, Florida
that's how I watch Lucha Libre
and Channel 51
This is Miami by the way
Which was we used to watch speed racer in some cartoons
That's all we had
We had the Encyclopedia Britannica
Pretty much one year late
For our Google
That's why I'm
I'm very often sick to my stomach when I see the youngans complain about life these days.
They have no idea how good they have it.
Anyway, she was a magnificent mom, magnificent, made friends easily.
I will tell you, there's cliches out there about, oh, they never said a bad word about somebody else.
but she never said a bad word about anybody else.
And nobody ever said a bad word about her.
She was loved.
And she was always willing to give a helping hand.
They moved up back to the northeast.
They have to being in Florida for a while.
And they just enjoyed themselves.
Traveled a lot.
Went to Broadway shows all the time.
before my mom went downhill, I took it to the Lion King.
And this was about five months ago.
And I was amazed.
I don't know what happened.
I didn't call anybody.
I didn't ask anything.
They treated her like a queen at the show.
They couldn't do enough for her.
About, I don't know.
Three months ago, she had a blood clot.
My brother saved her life.
They did emergency surgery.
She came out of it.
And she was okay.
But then about a month later, downhill.
The last time I saw her was about two weeks ago.
I had taken my son Eric on vacation.
And the next time I saw her was on Thanksgiving Day and boy, oh boy.
In that period of time, and I knew it.
There would have been a thousand people at the service this weekend.
But most of her friends and relatives had passed.
When you live to 91, most people are gone.
But people came from as far as Arizona, Texas, Florida, Pittsburgh, all over they came.
but pay respects.
My brother,
whoever I have told you, has been a hero
because he lives up there, I don't.
Did a tremendous
speech.
I think mine was okay.
And I must tell you,
it did not hit me big
until in 25-degree weather
they were lowering the pine casket.
And I'm thinking to myself,
my mother, that's where she's going to be,
six feet down in the ground.
And the rabbi saw what I was thinking
and what I was feeling and took me on the side
and explained body and soul.
Now we have to take care of our father.
father's 93 and he's not in great shape
but he's very much with it
complains all the time
whines about the giants and the Knicks
well the Knicks better though
mostly the giants
not a Trump fan
in fact as he was relaying to me
all the things he wanted me to say because he
could not come to the service
he stopped and in between says to me
did you see who Trump picked for defense
Ben's secretary, but he's doing good.
My brother's up there.
I'll be up there.
But I must tell you, I'm numb.
That's the best way I can put it.
It was expected, but I'm numb.
You knew it was getting close, but I'm numb.
I've been telling everybody we are heartbroken, but relieved at the same time.
I expected people to be pissed off about me saying,
relieved. Every person said, we understand. Because most people have gone through what we have been
going through as your parents age. I keep being told she's in a better place. That's not
helping me out as of yet. We have received, and this is not an exaggeration,
3,000 to 4,000 emails and messages from, I guess, our television audience, our radio audience, our little social media audience.
And I can't begin to tell you how gratified we are that anybody would take the time out of their day to email condolences.
for my mother
we thank you
up next
we'll figure it out i'm gary this is the one only investors edge
hi i'm gary colbaum hosted a nationally syndicated radio show investors edge
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Hello, hello, I'm Malcolm Gladwell,
host of the podcast Smart Talks with IBM.
I recently sat down with IBM's chairman and CEO, Arvin Krishna.
And I asked him,
how can companies use AI to its fullest potential
to create smarter business?
My one advice to that, pick areas you can scale.
Don't pick the shiny little toys on the side.
For example.
If anybody has more than 10% of what they had for customer service 10 years ago,
they're already five years behind 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.
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 that there's a different way to do things.
To listen to the full conversation,
visit IBM.com slash smart talks.
Hi, I'm Dr. J. Goodman, host of Beyond the Script,
the podcast where I sit down with pharmacist
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.
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 IHeart Radio.
Listen now wherever you get your podcasts.
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It's time to switch on the integrator units and get the brain cells working.
You're listening to.
Hey, this promises to be fun.
Investors Edge.
The last bastion of quality programming.
With Gary Coltbaum.
It doesn't get better than this.
And welcome once again to Investors Edge.
One segment on a radio show does not do my mother justice.
one segment would not do it justice, but we have to move on.
We have to talk about the things that this show is about.
Going forward, we'll talk a little bit more.
I just want to repeat again, thank you.
People I have never met, people I will never meet,
people I will never speak to,
because they listen to this show
or watch me on TV
stop what they were doing
to email me
and message me
it's going to take me a few days
to answer each and every one of them
I will answer each and every one of them
we are gratified
that you would think of us
and we will not soon forget that
what do we want to do next?
The markets.
Yeah.
Okay.
So just a few things of note that are of import.
Number one.
The NASDAQ, look how we have to segue, huh?
The NASDAQ edges into new high ground.
The NASDAQ 100 edges into new high ground.
Apple.
breaks out of range.
Facebook meta
breaks out of range.
Oh, looky.
Two mega caps.
Amazon, which we lost money on recently,
bounces back with a fervor.
Another big name.
Netflix, which broke out at 780,
is over 900 now.
Catch of the drift?
Even weakness of Microsoft may be coming around.
Maybe.
And even though advanced declines today were 16 up, 15 up 26 down on the NASDAQ, that's not good.
NASDAQ was up 76, NASDAQ 100 up 64.
Why?
The influence of some of these big names.
Does it last?
I don't know.
We're just letting you know.
market continues to act fine
off of the election
with some warts
not everything's working
I can tell you the transports today
were down 355
very bad day
Federal Express
they trash today
and some of those others so we just want to
differentiate
but when all is said and done
leading stocks are leading
and we'll see if it continues
if I was to say one negative
and it's something to stick out
sentiment very frothy
very omnipotent
nothing can go wrong
we're seeing
a lot of no sales
stocks
go crazy
I've seen some $2 stocks go to 10
that have no sales
because the
soup de jour
recently has been
nuclear
rockets
robotaxies
and the like
we tell you
be careful
we know as a fact
as a fact
the word eventually
the word
ultimately
we know as a
fact of history that if companies continue to have no sales, once the little
mania goes away, they will go back to where they came from. I notice some no say,
and we do a little legwork. I notice some no sales companies that have been trading for 15 years
and still have no sales going crazy to the upside because, oh, it's nuclear time.
Oh, it's rocket ship time.
Again, we never tell you what to do.
It's your money.
We just tell you, please know what you are getting into.
No valuations.
Are you paying a billion a half dollars for a company with no sales?
How do you know it's a billion a half?
Shares times price.
That's what you're paying.
Without naming the name, there's a stock that's very strong in the market right now
that has 2.6 billion in revenue, but a $162 billion market cap.
You're paying $162 billion, shares times price, for something with $2 billion revenues,
though growing okay, and just started making some.
decent money. Stock was strong again today. What do we tell you when the market gets on to themes?
It'll roll with the themes until we call it the wake-up call. Oh, oops. How much revenue does this
company have? What's the market cap? You remember Beyond Meat and so many others. So we're just
saying to you, be careful. We're in one of those moments. I saw one of those moments. I saw
one today, and I'm not making this up,
a stock that just came
public at $5 recently.
And before
today,
we're trading
at 6.
A Chinese company that signed
something with Nvidia that made,
and it wasn't even anything of a contract,
it went from 6 to 31 today.
But
closed at 16.
So if you owned it at 6,
God bless.
If you own a 31, you're already into the Maylocks.
So just be careful.
Have a good feel for what you're into.
And part of what we do here is when all heck breaks loose, make sure you know it.
Up next, what else is going on in the market?
I'm Gary. This is the one only investor's adjun.
Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM.
I recently spoke with IBM's new director of research, Jake M. Beta.
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,
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.
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. J. Goodman, host of Beyond the Script, the podcast where I sit down with
pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter.
In this episode, we are diving into gut health.
with CVS pharmacist Victoria Motola,
who explains why so many of us live with stomach issues
we should not accept as normal.
A lot of what I see is just, like, chronic bloating,
chronic stomach aches.
Like, I get a stomach ache every time that I eat,
and it just becomes like a lifestyle where,
oh, yeah, you know, I just, I have a 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.
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America is talking.
Investors Edge.
be pleased with that the crowd is just on his feet here he's the Cinderella boy with Gary
Colbomb comes highly recommended you're gonna feel better if you talk to him and welcome once again
to Investors Edge in the aftermarket salesforce.com in the Dow closed at 331 I have it at 349 even though
they lowered their guidance that's pretty weird wow Marvell
One of the only strong semis is up $8 in the aftermarket to 103.
Octa, I believe that would be software, closed at 81.
It's now 97.
Nice.
So there's three names in the aftermarket.
I was more interested in Salesforce.com.
The fact that they lowered guidance and the stocks up, damn.
that's pretty cool
I'll have to read into it more
when I have a few moments
now
well
the election
which will have everything to do with
things going forward
oh let me do a few more things in the market
the gold miners bounce today
they've been very weak gold was only up a little bit though
Japan stock's starting to come on
even though they have all kinds of problems there
go read about what's going on in South Korea
as the head of the joint wanted to put into martial law, go look up martial law,
and then the people were going nuts, so he backed away from the martial law.
That's interesting, South Korea.
If South Korea can't get their act together, then North Korea?
There is a supposed ceasefire between Israel and Lebanon,
but they're still knocking each other.
The Hezbollah shot up Israel right after the ceasefire, so Israel said, go screw yourself.
So they're kicking them in the teeth.
As I mentioned, transport's very rough day.
And I must tell you, the transports trade very weird right now, almost feast or famine.
And you've got to be careful there.
Financials mixed bag today opened up hot, didn't finish too well.
economically sensitive stocks opened up week, finished okay, but mostly down, as we said,
advanced declines not good.
Interest rates hanging in there four to quarter.
They had a Fed head on TV today, and all I'm thinking to myself is, who gives a crap what they think?
Gee, I'm going to lower Fed funds rate a quarter point.
It's not going to do anything for your job.
It's not going to create a job.
It's not going to produce any wealth.
If I was president, I would abolish these clowns.
We don't need them.
The free market's done the great job.
I want to repeat, the reason why inflation, the fuse was lit when they printed to $9 trillion
and then Biden with his couple of trillion in debt.
But they lit the fuse.
The reason inflation's come down is because they stopped printing money and they tightened.
They were the cause.
most of it.
They are the nightmare
and leave no doubt
they will screw up again
because they think they're omnipotent.
They think they're geniuses.
You should hear how they talk
about themselves. People that sit
behind the desk are am going to raise
the Fed funds rate a quarter
points, half a point.
I couldn't believe what I was watching.
Next,
applause for Donald Trump.
And as you know,
I've not given him too much applause.
He put out a statement that should have been put out by Joe Biden on October 8,
2023.
And basically, he stated, to Hamas, this is going to be hell to pay.
While Joe Biden has kissed their asses and even negotiated with the terrorists behind the backs of Israel, known fact,
President Trump is telling him, telling these sleazy animals
that there's going to be hell to pay by the time he's president
if you don't get with it.
And soon.
I do have one issue with it.
I was always a big believer in carry a big stick,
but, you know, be a little bit on the quiet side.
He's kind of being on the loud side.
What if he doesn't have a big stick?
stick. What exactly
is he going to do? We're not sending soldiers
into Gaza.
We're not sending American soldiers.
What exactly are you going to do?
That's my only question.
But applause to him
because these are
a bunch of animals. They're a bunch of cowards.
I can tell you
the Israeli women would have beat their
asses if they didn't have
weapons. They would have been
cowering. So Trump
talking tough. Which takes
me to Hunter Biden.
Everything I have told you
for four years about
this man has come to fruition.
It's not just
the pardon. It's how
many years back.
He did not pardon Hunter Biden.
He pardoned the
Biden Incorporated,
including himself.
It was an
influence peddling machine
where I believe
was about $25 million
were funneled to these people, making them wealthy beyond, and got away with it because of the media.
This is who the man was and this who the man is.
All the talk about everybody else being the slime, the scum, anti-democratic, that whole crap,
they were talking about themselves.
Just let you know.
and by the way, as a father,
I get that part.
I don't get the part of
what he just did from Biden, Inc.
And he's getting hit on both sides of the aisle.
And by the way, they put it out while he's on his
going on a trip to Africa.
Not the dumbest move.
That's who we've had for four years.
Open borders, on purpose,
Massive debt, massive deficits, transitory inflation, and all that crap.
And we dodged a bullet.
Jury will still be out on Trump, but we dodged the bullet because Kamala Harris was three times as bad as Joe Biden.
That's my take on that.
And we'll keep watch on the soon-to-be President Trump.
on what he does, how he does it, who it affects, how it affects.
We'll keep our fingers crossed.
He remembers it's we the people, not we the government.
I have decently good expectations of what's to come.
I love what I hear from Elon and Vivek.
Love what I hear.
I have still not heard from them.
They obviously don't realize
I would be the most important cog in the wheel
when it comes to getting government back to efficient, effective,
and balanced.
I guess I am not famous enough, such as life.
We'll continue to do what we're doing,
And if I ever get the call, I will answer it.
Because we have to get this government in line.
Or else, what's my line been?
We cannot continue on the trajectory we are going.
So hopefully these two gentlemen get the job done.
I don't like what I've heard.
I love what I have heard.
We'll keep you informed as we move forward.
But congratulations to Hunter Biden.
You have been released.
Up next, what else we got for you?
This is the one of the 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 full?
fullest potential to create smarter business.
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 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.
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
that there's a different way to do things.
To listen to the full conversation,
visit IBM.com slash smart talks.
Hi, I'm Dr. Jay 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.
eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach
kick 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. Here the full conversation, plus some
fascinating facts about how gut health affects so much more than just your diet.
your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio.
Listen now wherever you get your podcasts.
Cashflow crunch.
OnDex small business line of credit gives your business immediate access to funds up to $200,000
right when you need it.
Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without
missing a beat.
With flexible draws, transparent pricing, and control over repayment get funded quickly
and confidently.
apply today at on deck.com funds could be available as soon as tomorrow depending on certain
loan attributes your business loan may be issued by on deck or seltic bank on deck does not lend in
north dakota all loans an amount subject to lender approval you're listening to
what are we waiting for well what are you waiting for one two ready go
investors edge with gary colpah and welcome once again to investors edge i must tell you
was offered stock in SpaceX, I think in a $100 billion market cap. I said no way. The last tranche
looks like $350 billion. Nice one, Gary. I bring this up because I want to make sure you know.
I've never met him. Never met him. I've only been the Tesla car twice.
But I may have to buy one just because you've been hearing some very crappy things about Elon Musk.
Very crappy things about Elon Musk.
And you know why?
Because he took away one of the avenues that the left was using to send out leftist messages.
That was Twitter.
Once he took it over, he went from being
Elon Musk to the devil.
And the things they are saying about him, you would think.
Oh, he's a Nazi, he's Hitler and all that crap.
I just want to make sure you know.
And by the way, he doesn't listen to the show.
He won't even know what I'm saying.
Doesn't know me.
Maybe he's seen me on TV.
Starlink, his interlink, his interstate,
When I flew back on Hawaiian Airlines, it was the best internet I've ever had on an airline over the Pacific.
While I couldn't even get frickin' internet in Caesar's Palace in Las Vegas, he's also sent Starlink to the Ukrainian troops for free.
And the Ukrainian people that have been bombed for free.
SpaceX revolutionizing the space industry where rocket.
come back to Earth and are usable, reusable.
Think about that.
Besides Tesla, he's got some AI crap going.
He's got some brain thing going.
Who knows what's going to be a success or not?
But what do we tell you here, some of our mantras,
learn from the greats.
Don't piss on them.
I always tell people never piss on prosperity.
Learn from it.
You know what book I'm reading right now?
Go look up David Gaggins, G-O-G-G-I-N-S.
Inspirational man.
I think he's done like 50 marathons in 50 days or something like that.
So just let you know.
We've told you Warren Buffett's been made fun of before.
Oh, he makes a buy the stock doesn't work.
Oh, the guy's only worth $100 billion and is giving it all the way to charity.
What a great noble cause.
Yet people make fun.
So I just want to get it out to you.
Don't listen to these clowns, these political hacks, these political clowns that are putting down Elon Musk.
Think about this.
His goal is to make government more efficient and more effective and more imbalance.
And these hacks on MSNBC are ripping them to shreds.
Oh, Donald Trump's BFF.
Oh, he's going to take advantage of things so to make himself wealthy.
Well, he's already worth $300 billion.
I want to make sure you know this.
What we'll do here and always do here, we want to applaud greatness.
We want to learn from greatness.
We want to know greatness.
I'm constantly studying the best people on Wall Street.
I'm constantly studying the best people on Wall Street
and what they do right,
not the ones that are doing wrong.
You know how we talked about Kathy Wood here
because we want to learn from people that lost a lot of money.
But you know what?
She's making good money now.
She's still weighed down from three half years ago
but I want to know what she's owning now that's doing it.
Do your homework on that, please,
because I think there's a lot of Bitcoin going down.
But you get my drift.
So I just wanted to mention that up front on this day
where I took a lot of time this past week to reflect.
I think death does that.
It makes you reflect.
as you grow older. And we're going to continue to do our best here, put our best foot forward
every single day, just like my mother would want. Just like my mother always egged me on.
Work hard, study hard, educate, inspire, integrity. That was my mom, and she will not be forgotten.
My father's 93 now.
We're keeping our fingers crossed.
But to each and every one of you that took the time again, I have to repeat it.
It meant everything.
Made it a little bit easier, though hard.
And we're realizing we're not alone because everybody's gone through what we've been going through.
it takes the time where you experience the things to realize that.
So 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 will feel better, I promise.
Also, hug your mother.
Peace out all.
Until tomorrow, stay well, be well.
I'm Gary Coltbaum.
Good night.
This has been Investors Edge with Gary Cultbaum on BizTalk.
to past episodes or to get in contact with Gary, go to GaryK.com.
That's GaryK.com.
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