Investor's Edge with Gary Kaltbaum - Quieter but [04.15.2025]

Episode Date: April 15, 2025

https://garykaltbaum.com/

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That's Tommyjohn.com, Code Comfort. Tommy John. Comfort perfected. Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host. A thanks for being with us today.

Glad you're here, ladies and gentlemen, happy that you are listening. It is Tuesday, April 15, 2025. I am here with Winston sitting right next to me because he hangs in my office. And we're here to talk about everything that. affects you. Serious talk on everything affects you. We'll do the markets, the economy, your job, your industry. Tariffs. That was a sigh. Debt and deficits and scams and shams. And corruption, because boy, they corrupt over there. And anything that else comes to mind. Hope you're having a good day. If you don't get this radio show in your city, we'll post at

at garyk.com. We'll post it on our Twitter feed, which is now XL. And by the way, right now in the stages and it should be quicker than we're going to put this up on YouTube, a video of moi with charts as we do the show. Got a few things in mind. We'll see how it plays out. And if you'd like to email me, all you've got to do is be nice. Just be nice. Hey, ladies and gentlemen, I have great news. So in case you don't know, I thought my father was on death's door. 93 and a half. Can't respond, can hardly eat in the hospital with pneumonia, with fluid on his lungs. And I mean, I'm like thinking saying goodbyes. They got rid of the fluid on his lungs.

Looks like the pneumonia went away. Yesterday, not good. Today, this is my father, 93.5. gets on the phone with me and says to me I was told you were here I didn't even know you were here I didn't even know I was in the hospital

and he was talking very low in a whisper and still a little bit 93 and a half and his eyes are open good he's eating and they're probably sending him home tomorrow they're probably sending him home

now of course it is what I would call touch and go. I think that's the best way to explain it. But I was counting hours. That's how bad it was. So I don't know what happened. The doctor says he thinks once the pneumonia went away, he said, I don't know.

But let's get him home. And if he has to come back, we'll bring them back. So that's the thought process for tomorrow. So, wow. He's still, let me make sure he's still not in good shape. But I think it may have to do with the Nixers starting the playoffs and he wants to see it. That's what I think may be going on. He's a big Nix fan.

Anyway, back on to the markets. We have a few things we want to say today having to do with DC. We have a few things we want to say today having to do with earnings and earnings reactions. And we have a few things we want to say today that we hope does not come to fruition. And as you know, we always talk about the markets and what they may be saying. We always think markets have ears, have a voice, and that's with price movement. at all times. And as you know, we point out to you and guide you to, oh, avoid this. Here's the leadership, no leadership, and all that. And recently we had told you there's a few names that are

sticking out like sore thumbs, real strong growth names versus the market, which means they're not breaking out or anything. Well, they're really starting to show up. We'll bring them up today. But really, the first thing I want to do is President Trump has said he is not against raising taxes. What? Well, we all know tariffs would be raising taxes, and there's tariffs out there now. But I'm talking marginal tax rates, not against it. Now, as you know, we on a daily basis would come on this show and say, This is Kamala Harris' economic policy.

They want to get rid of the Trump tax cuts, let him expire. They want to raise the corporate tax rate. They want to have long-term capital gains go up. An unrealized capital gains, that's the sick thing. Possibly of wealth tax and raise marginal tax rates. In other words, she's a freaking control freak Marxist. Donald Trump said he's not against it, and there's a move of foot. And we're not making this up.

To raise marginal tax rates on individuals. What? I can't wait to hear what the so-called conservative free market adults in the Republican Party who refused to complain to Trump about tariffs, which are the opposite of free markets. I'd like to see what they're going to say about raising taxes. Oh, but it's only on people who make a million dollars a year or more. I think right now it's 37% the highest rate.

They're talking about 40. Huh. I can't wait to see. As you know, we are completely against that. We like Reagan's 28%. We don't believe we should be living into the month of July in some states to pay off the government, especially when they are a bunch of corrupt boobs, but now President Trump, and I'm asking myself, who is this guy? And again, I know there's plenty of you love him,

but we're stating facts here. First tariffs, which are a major tax while he told you, China pays for them, which is not true. And now, considering raising marginal tax rates. So all you low-tax people and the hating of raising of taxes, do you still love the man? Just bringing up policy, because on the other end, I have to tell you what I do love about this guy. And I think this is gargantuan and huge. And remember, we have no bias. We call it as it is. We call it as it is.

Listen to this. March of 24 137,473 Apprehensions at the border March of 25, 7181, a drop of 95%. And no new laws were needed, which tells you

Joe Biden sucked and was a lion's sack of crap on the border. The worst president ever. My goodness, just opening the border and they freely admitted, what was his, Majorcas, his homeland security, admitted they didn't know who got in. So terrorists could have got in and they still may be here and they may do bad things. Joe Biden didn't give a crap about your safety. We love Trump on that.

Kudos. But on the. on the other end tariffs, taxes? Considering and what they're saying is, well, we have this bill and we want to pay for things and this and that. And then the Republican bill

raises debt $5 trillion bucks over the next, I don't know how many years. Who are these people? Con artists? Anyway, as you know, we do things without any bias, a general, we don't care who it is. We don't care it's Donald Trump. We love his golf courses.

Best golf course I ever played, Trump, Scotland. There's a one, two, three. Trump, Scotland, Royal County down in Ireland, Royal Port Rush in Ireland, and then there's a few right underneath, and they're mostly Ireland and Scotland. Anyway, we just want to bring this up because call me a little bit on the confused side. Who are these people that caused the crash and markets to really be in trouble? And I have to add one more thing and then we'll go right to the markets.

I have no idea where they stand right now on tariffs. I have no idea who's getting tariffed. I don't know. I can't figure it out. And you know what we're hearing now? Oh, those auto tariffs, maybe we'll get rid of those. too. Who is this guy? Who is he? They've cut no deals. They keep telling us there's deals. They said 50 to 70 countries have called. They won't list one. Anyway, we move on. I'm Gary. This is the one

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 commitment. No big 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 complimentary portfolio review. The number to call is 8.000. 888422-5-559. That's 888-4-2-2-55-9. That's 888-4-22-4-2-5-5-9. Investment Advisory Services offered through Coltbomb Capital Management. 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.

There's 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. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit. for less than you expect. Elevate your earn with unlimited double miles on every purchase,

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It doesn't get better than this. Anyway, I just had to bring this up, and the reason I bring it up, ladies and gentlemen, is because they just crashed the markets. And we're still not out of the woods, though better. And now we're hearing from the European Union saying, there ain't nothing going on. We've got no deal.

In fact, where there's no movement, movement whatsoever. European Union, that's a bunch of countries put together that is tied, just about tied with the second largest economy with China, in and around 18, 19 trillion, so they matter. So nothing good there. And that's all on that.

Just wanted to bring that up. What else? Earning season. Just want you to remember that there's just a ton of earnings coming out. One of my favorite names is Netflix. and we owned it before the crash. We sold it because the market was getting in trouble. And Netflix yesterday, in an interview, said,

we want to be a trillion-dollar company by 2030. I think they're worth about right now $417 billion. So they want to be a trillion by 2030. And I believe they said they wanted to double their business by 2030, and they said it two and a half days before earnings come out. And I'm thinking to my,

and you know, I always question things, and I'm like, wait a minute, why wouldn't you wait to your earnings? That would be the norm. That would be the norm. Your earnings are coming out. Oh, and by the way, this is what we're looking to do. So just put this in your file manner.

and I hope it does not happen. I wonder, and it's just a skeptic in me, if Netflix reports numbers on Thursday that are not that great or even disappoint. That would mean they came out with this what we want to be by 2030 in order to kind of stamp down, tamped down, tamped down bad news.

And that would piss me off. We'll see. I'm not saying that's the case, but I'm just a skeptic. That's just me. I have years of skepticism on Wall Street and the way people do things. I want you to remember that leading up to about two months ago, when AI topped, artificial intelligence trade topped and has been blasted, leading up to that, every company's announcement had artificial intelligence in the announcement, even if it really

shouldn't have been there. Every company. And it's the same thing that in 1999, mutual funds were changing their name from the technology fund to the internet fund. Companies were adding dot com to their name in order to goose their stocks. So they've earned my skepticism. I hope this doesn't happen with Netflix. I really don't. I hope they're good. Anyway, the stock on that news was up 46 bucks today. I think it was up 54 at one time. And Netflix, one of the few growth names sticking above the 50-day moving average, and new yearly high for relative strength, even though it's way off, not way off, but a decent amount below the old high. That tells you it's a leading stock. We're always looking at that. So interesting today. Yeah, Netflix up 45. What's another one of my favorite?

Spotify was up 23. That is not back above the 50 day. Palantir is in our top five. That's above the 50 day. They signed some government thing. DoorDash is another one, but that's not really doing much at this moment in time. And I put CrowdStrike in that realm, and that one got back above the 50 day. And there's talk well, the software security stocks are recession-resistant because everybody needs them.

They always come up with a reason why something strong. We'll see. But most everything else, ew. And that's where I want to bring up the other thing. First off, the Dow was down 155 today, but the NASDAQ was only down eight because of select few. And the NASDAQ 100 was up 34 today because of a select view. The S&P was down 9, transports down 150. Financial stocks, good reaction to earnings again, but fell off by the close.

And that's to be watched very closely because if the big banks head down again, that would be less than thrilling. And they're still in what I would call a deep down trend. But what I want to bring up first is just, I got to tell you. on my screen is about 50 retail stocks, 50. And there's more than that, but these are the 50 that really matter. From A. Ambacrobian Fitch down to Z Zumi's. And in between is Home Depot in Lowe's and Coles and Gap and Macy's and Lulu Lemon and Goose and the dollar stores and Costco and Burling.

go through all of them. I got to tell you, they act like the numbers we get from our government on the consumer. You know, we get these government stats. And you got to remember what government's done over the last 20 years, they change the formula on GDP to make it higher than it used to be, and they change the formula inflation to make it lower than it used to be, because our government's a bunch of corrupt boobs. All these retail stocks have crashed, most all, just bludgeoned. And we're not talking about 20% and I'm just wondering what's going on abacrombie and Fitch has gone from 200 down to 70 in the last 11 months and that was a strong stock restoration hardware you know what they do 455 to 159

Deccers which was a strong stock 223 to 104 and I can go on and on the drops are 50 60 70 80% Something to put in the file manager. Macy's, high of 35, now 11. Do I have to do polls? High of 60, now 6? Best Buy is important. 140 bucks and 21.

It's 61 today. I can do what? Oh, don't get me started with Target. 260 to 92. So I'm just letting you know it's something that sticks in my, it just sticks in me. And I'm just asking, these are the retail stocks. Big and small and medium. And when you add in, well, the airlines are now croaking, the hotels are now croaking,

the cruise lines have had a big hit, the semiconductors which goes into everything you buy, have been mauled. The home builders, simple, bare market. 30% drop since November as a whole with some worse. The restaurants, 45 to 20 for Sweet Green, Kava Group admittedly had a strong run, 172 to 88. We're paying attention, ladies and gentlemen. Up next.

And the transports. I'm Gary. This is the one only investor's edge. 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. message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next

dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next

big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. Just on his feet here. He's a Cinderella boy. With Gary Colbub. It comes highly recommended. You're going to feel better if you talk to him.

On the scam front, if you ever get a text from like FedEx or UPS and they say your thing is whatever, it's a scam, be careful, especially if you know anything, nothing's coming. They want you to press in there. They want you to give information. You're screwed. I just want to make sure you know the IRS has never. going to text you. They're very careful about that. Don't believe them.

If anybody calls you and say you have won the mega millions or a loto or this or that, it's a scam. You need to know that. And I bring this up because I get all the calls and stuff. I get the text. You need to know all this. It's very important. There's still a lot of scumbags out there that don't care about you, don't like you. I told you the story a while back that I met some woman that gave four.

$500,000 to people in Turkey. She sent 500,000 to people she never met to people. She sent it to Turkey. And what did they do at the end? She asked for her money back. You know what they said to her? You ain't getting it, lady. And if you give us any, you know what, we're going to call the IRS and let them know you've been funneling money to Turkey. Scareing the hell out of her. and she was, I think, at her 70s. And I asked her, what were you looking for by giving them a half? Well, they told me they were returning me $2 million because they're buying Mercedes-Benz in one country and selling it another country and make it.

And you never met these people? No. Do you have a picture of them? No. Do they have a website? No. But you gave them a half million? Yes.

It's amazing what people fall for. And if you're in your church or in your temple and somebody tells you they're buying cigarettes in Maine and selling it in Maryland and making 100% it's a scam or food diverted. It's a scam. They use religion to pray upon you. Hey, you're in church. You're in temple. You're here, here, there. Just remember all this. And the higher the number they give you, the bigger the scam it is, you need to know that. Because I have news for you. I'm a very generous guy. I am a sweetheart. I'm a nice guy. Do you know I give scams? scholarships to kids from the boys and girls clubs of Central Florida to take them out of bad schools and put them in private school. I do that? But do you know if I had some sort of investment that I'm making 100% on? Do you know I'm not telling you? You all need to remember that. It's so important. You may be saying to yourself, I'm never going to do that. Do you know how many times I see people that have done it and I've had conversations with them? And they seem sane. Yet they gave away their hardering dollars and never to be given back, never to get it. Do you know how many sleep this nights that is for people and thinking you're a failure because you did it and you let down your family? So don't let it happen to you. And you know what's going to happen now? I'm going to get a bunch of emails tonight from people that are telling me, oh yeah, somebody tried to do this, somebody tried to do that, somebody tried to do that, somebody tried to do this.

somebody tried to do this, somebody tried to do that. Oh, I got that one, I got this one, I got that one. My favorite one I ever got was some guy said that I won, I think it was the mega millions or something like that, that I won 10 million bucks. I'm like, oh, and I pretended. Oh, my God, that's terrific. Oh, my God. Well, how do I get it? Well, all you got to do is send us a fee for 5,200 bucks to this Western Union address, Western Union.

and blah blah blah i guess i think it was in bocrotone florida so i said to the guy wait a minute you're getting me 10 million bucks because you called me i'm going to give you a hundred thousand dollars of that 10 million as soon as i get it forget the fee and i'll pay it then oh no no no no no we can't do that what do you can't do that i just said i'm going to give you a hundred thousand bucks a hundred thousand you're just somebody on the phone giving me a message so you don't make a lot of money, right? Oh, that's right. So I'm going to give you $100,000

bucks soon as I get the $10 million. So how do I get the $10 million? Let me give you my Western Union. Duh. People fall for it. They really, really fall for it. And it's amazing that they fall for it. So watch your arse.

I love saying that word arse instead of the other one. And again, I bring that up because, man, I got a couple today in texts. And they want your bank information. Yeah, just send me your bank information. Yeah, sure. Okay, dokey. We move on. So I mentioned the retail.

I mentioned the semis. And just remember where semiconductors go. They go into your phone. They go into your oven. They go into your refrigerator. They go into your car all over the place in your car. I think they go into everything that moves. Your computer.

Your TV. Everything. And they're acting like we're in a depression. Of course, some better than others, artificial intelligence. But they're in a bare market. You remember Broadcom, Big Bull, 5.10 to 179. The almighty Nvidia. 153 to 112.

And that's up off the lows, the crash load. recently. And by the way, is still down 20% from last June. And we're not saying Nvidia's not going to recover and break out again. We're just letting you know from a point in time. How about when they told you, you got to own AMD. CEO is the greatest. Got to own AMD. AMD. 227 to 95. Remember arm holdings? 182. Take it back. 188. to 103. My rusty abacus says that's $85 on 188. 40-something percent.

But that's a good one. Do you know Marvell that everybody was talking about recently? 127 in January. 53 today. I can figure that's more than 50%. And these things go into things. Something like a mobile eye that I know is autos. That thing's gone from 48 down to 12.

I think that's 75%. So I'm just letting you know, just in my file manager, I don't own any of these because I don't own bear markets. Heck no. But I've just got to say in my little file manager is, what the hell's going on here? retail just blasted semiconductors blasted

the airlines and hotels and cruise lines blasted UPS they only deliver let's see they do 87 billion in revenues UPS what do they do they deliver stuff it topped out at 233 in

2022 it's 96 FedEx. What do they do? They deliver. That stock was 320 in 21. It's 207 today. It got back to 308 in November of 24. It's 207 today calling into question, what's going on?

We'll see. We're just letting you know just everything in the market, the market, is screaming some economic trouble coming aboard. I can also mention auto dealers. They've been squashed. I can also mention commodity prices, demand. And again, I'm always hopeful that maybe this is going to turn around. but I'm always asking what the heck is the market saying?

What the heck is the market saying? When these vital areas, there's also something called the X-L-Y. It is the Consumer Discretionary Sector Index Exchange Traded Fund. And I must tell you, I think Tesla is a big part of that. It's gone from 240 to 189. That's $51 on 240. definitely that's 21% that's not that bad but since January so just let you know I'm asking valid questions of just what the heck is going on here and if you ever do what I do

and just go look at the charts of some of these retail stocks you turn into Ralph Cramden saying humana humana up next What else in the markets? I'm Gary. This is the one only investor's edge. 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. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase,

bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, Upload it once, and Spreaker distributes it everywhere people listen.

Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? What are you waiting for?

One. Choose. Ready. Go. In investors edge. With Gary Culper. Oh, by the way, you do know if you don't have a PayPal account, but you get an email from PayPal or a message from PayPal about signing in here and paying something or getting money. That it's a scam. You do know that, right? It should not be hard to figure out.

Make a phone call. Sometimes it's all you got to do is make a phone call. And you know what I've always been amazed? Some brilliant people have been caught up with scams. Many years ago, there was this in Miami, a food diverting scam. I think it was like a couple of hundred million dollars lost. And we find out who lost the money. These are people of brilliance.

People are presidents of companies. It can happen to anyone. amazing don't let it happen to you and by the way I mentioned tariffs earlier I got this article which tariffs are still in place where do tariffs stand after the pause

but they're all wrong so I don't even know I don't even know and I keep getting asked what if they remove all the tariffs in the market keeps going down what if and again we're always

optimistic but we've been through bare markets. We have issues, massive amounts of debt deficits, all kinds of dislocations. Just remember, we got all these dislocations from this bozo at the Fed. Remember what I called it the 3-7? Everybody's got 3% mortgages because he manipulated the market down to nothing. And now it's like 7%. So who the hell wants to sell a house?

If you got a 3% mortgage to go buy another house with 7%. It's a big difference. That was Powell. and now of course they yapping again oh we've got tools and the next one said oh we think we're going to cut twice but they don't know what the hell they're going to do you know why because if the 10 year yield spikes higher and it was down today but if it starts going towards 5% and they start lowering their rates it'll go to 6% to 10 year yield wait hold on how can they lower rates but the 10 year yield go up Remember, unless they're printing money and just screwing with the markets, the 10-year yield is going to go the way it wants to go. And if they lower their yield and it creates inflation, the 10-year yield is going to go up. People are going to sell bonds. Why?

Because if inflation goes up, there'll be a demand for higher yields. And nobody's going to give a crap what they do with the money. their little Fed funds rate. That's why everybody, I couldn't believe, we kept telling you, when they started lowering rates, rates went higher. The Fed funds came down, but the yields went up because if they're not fighting inflation, yields are going up. But it turns out, you know, we've had a good slow down the economy, and that's helped

the inflation a little bit. And now oil prices are tanking, and that really helps inflation. And we'll see how it plays out. The weird thing is, as oil prices came down recently, yields have gone up. And everybody's asking me, do you think China is selling? My answer is, well, somebody is. What we have to remember, and I hate saying this, there is clearly now a complete lack of trust of our president

by other countries and other countries' leaders. Why? You can't be change in your mind every six hours on major economic policy that affects the world, affects markets, and affects currencies. And that's what he does. And you can't argue that point. And he was out today saying, I'm flexible, no, you crash the markets, and you had to do something different. And all he had to do was listen to us.

But no, how to do all this other crap. All you had to do is concentrate on making the tax cuts permanent, slicing government down, put in a budget that doesn't create 5 trillion more of debt, which they have done, and get the hell out of our way. And your poll numbers would be 80%, but instead interfere with everything, and create something that's not there. And when I say create something that's not there, we have trade deficits because we're much bigger than everybody else.

It's the nature of the beast. And it's not a bad thing. And they've convinced you it's the worst thing ever. And since you love them so much, you've got to believe it, but it's not. And that's not the same. People aren't screwing around. But whoopty do, we created a $30 trillion. economy with these so-called

nightmarish trade deficits. We can have trade deficits with small countries that make a bunch of stuff. That's all. And because of cheap labor and all their factories there, that's how it works.

Now, if you want to build the factories here, terrific, but you ain't doing cheap labor. Which means costs are going to go up and they're going to be higher than the tariffs. We deal with real here. ladies and gentlemen, they haven't been thinking. They have not been thinking straight.

They've been creating a monster that is not there. And of course, they're back off of that monster because fear of a midterm election. And if you saw the poll numbers on the economy that I saw last night, oh, they're fearful. I saw some poll numbers that look great, but they polled the Republicans. Of course it is. I got news for you. I can make a poll 100% from me. I'll just give the poll to my family.

I don't know if that'll be 100%. Anyway, we're just keeping it real with you, telling you the way it is. Without any agenda, ulterior motive, or bias, and we'll see how it goes. Anyway, thanks for all the well-wishes for my father. day. I think he's going home tomorrow, but still in, you know, not great shapes, 93 and a half, and we'll keep you a prize. That all said you have a great evening drive carefully. I forgot to tell you, gold had another decent day. And when you get home, do like I do, simple procedure. Make sure you hug your family. Make sure you hug your children. They will feel better. You

will feel better. I promise stay well, be well. Serenity now. Good night. This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. 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, their There are thousands of men out there more comfortable than you. Don't settle for less.

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