Investor's Edge with Gary Kaltbaum - QUITE THE WEEK IN REVIEW [09.12.2025]

Episode Date: September 12, 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 stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up
Starting point is 00:00:27 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 Colbaum, your host.
Starting point is 00:00:46 A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's Friday. Good. September 12th, 2025. Hope you had a good day. having a good day. Hope you have a good weekend. We are here to talk seriously about everything that affects you. We'll do markets, the economy, current events, anything that emanates
Starting point is 00:01:16 from the blob, Washington, D.C. And this, that, and the other thing. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll post in our X feed. And if you don't follow us on X. You should. If you like to email us, just be nice. Oh, also on the Biz TV YouTube channel. We're going to, so earlier today, a couple of things I had to do. And I'm in my car and I drove past a school bus that stopped, you know, the red lights and whatever and you have to stop. And I watched moms and dads pick up their young children. I'm going to say they were eight, nine, ten years old. And I had a big smile on my face because I remember doing it with my two sons also. And I stopped and saw the joy on the moms and dad's faces as they
Starting point is 00:02:27 picked up their sons and daughters. And then I'm thinking to myself, well, they caught the murderer. Was he 21 years old? Maybe, yeah, I think so. He was turned in by his father. And all I'm thinking to myself is this father, I gather, also pick this son up. in his early years from school, and now the father has to turn him in for a heinous, cowardly murder that will absolutely accomplish nothing except put the family,
Starting point is 00:03:25 change their life forever, put the kid goes to jail for the rest of his life and will be on death row more than likely. And then I'm thinking about Charlie Kirk, whose two little kids now will not be picked up by their dad, a wife that no longer has a husband. And I'm just putting these little pieces together of how life goes and the things that it affects. this 21 year or 22 year old has never produced anything, never created anything and has now caused I'd like to say some goods going to come out of it but let's just say from the start we're finding a lot of I'd like to say the word weird but I'd rather use the word disgusting
Starting point is 00:04:39 and the disgusting part amazingly comes from pretty much some of the stupidest people on this planet. As I had said to you, I'm at Fox a lot, but I've never met Charlie Kirk. I've never really followed him. I've seen him on TV. But about a year ago, I saw some stuff on Instagram where he debated. and I love the fact he debated on college campuses, and he took it. There were people walked up and called him every name in the book,
Starting point is 00:05:18 and he smiled and tried to talk. I saw one where the guy comes up and says you're an effing racist at the top of his voice, and he says, can you tell me one thing? I've ever done or said that's racist. And they wouldn't answer. And he tried it again. The F-bombed again. And Charlie Kirk asked them again. He tried it again. So you have all these people hating and don't even know what the hell they're hating.
Starting point is 00:05:53 They heard something. And by the way, as I have said, there's a bunch of things I seriously disagree with this man. And some things I agree with. But there's people out there. not only celebrating murder, but videoing themselves and posting it. They're proud of themselves. And I'm thinking, how many of these people can there actually be out there? And maybe it's just me, but as I was playing with my Twitter feed, there are actually outfits on Twitter X, that if you are racist and anti-Semite, you get outed. And people get fired all the time for things or doing stupid things on social media. Well, now, and let me just state for the record, and we'll button this up and hit the markets in a few minutes.
Starting point is 00:07:02 Doctors, of all kinds, professors, teachers, teachers, nurses, nurses, A pilot at United Airlines. A psychologist. A weight trainer. I'm just naming a few. Some waiters and waitresses. An owner of a restaurant. An owner of a restaurant goes on X
Starting point is 00:07:31 and does a dance celebrating his murder. And the words on the dance into was shot in the neck, shot in the neck. And do you know what's happened? They're all getting fired because there's others out there that are sending it to the companies that they work for. And they're all getting fired.
Starting point is 00:07:58 And I watched how one person who promoted themselves and so happy he's dead, now crying in a video that he was fired. And I'm thinking to myself, at what point in time does anybody celebrate somebody's murder that's not a terrorist by the way or that guy Colberg or who murdered those people in Iowa you get my point
Starting point is 00:08:23 so I got to tell you I don't know what the hell's going on out there I've lived based on good versus evil and I'm sorry if you're celebrating a 31 year old man and his murder, you're screwed. There's something very wrong with you. Very, very wrong with you. And let's just hope it ain't a ton of people.
Starting point is 00:09:06 But I got to tell you, they love posting their stuff. And let me finish up with the media. As you know, we've complained about them for the long time. And we're not talking opinion, people. We have to say that. Listen, I'm at Fox. Their opinion people on the right. They give their opinions.
Starting point is 00:09:26 We're not talking about them. Their opinion people on the left. We're not talking about them. We're talking about anchors and reporters that are lying out their ass to you about others. And the things they are saying, New York Times, how to retract again, something on the right and how do they retract it they put it to their major X feed of millions and they retracted on their little X feed of 15,000. I just want you all to remember some in the media not all. They hate you. They're just out to con you. They're just out to make you believe something whether
Starting point is 00:10:15 it's true or not based on what they want. So be careful. You know, all we know now is a 31-year-old man, husband and a father of two, is dead, murdered by a 21 or 22-year-old prick that has never done anything to produce or create, and now he's living the rest of his life in jail, on death row, and he also destroyed his family. He destroyed his family. Also, and obviously this monster did not think about his family. I can only imagine, no, I can't imagine what his mom and dad are going through right now. Let's move on. Up next, the markets, lots to cover.
Starting point is 00:11:18 This is the one only Investor's Edge. Hi, I'm Gary Kalpom, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs,
Starting point is 00:11:56 all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-5-59. That's 8-8-8-5-9.
Starting point is 00:12:23 That's 888-4-2-2-5-9. Investment Advisory Services offered through Call Bomb Capital Management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. 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, have a legacy of building stuff. Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before.
Starting point is 00:13:26 Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. 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 it.
Starting point is 00:14:04 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. Hey, it's Ryan Seacrest for Albertsons and Safeway.
Starting point is 00:14:36 It's stock up savings time now through March 31st. 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, aura-aida, silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery.
Starting point is 00:15:01 Restrictions apply. See website for full terms and conditions. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, good. promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum.
Starting point is 00:15:22 It doesn't get better than this. And by the way, we cover everything because it really does all intertwine. It really does. It really does matter. These big events, tragedies do matter. They really do. Of the psyche of the country, the future of the country. I mean, there's a whole lot of crap going.
Starting point is 00:16:02 And by the way, I blame the politicians on both sides of the aisle. I blame them both, some worse than others. On the left right now, they're trying to disavow themselves of everything, even though there's videos after video after video of calling Charlie Kirk a not and a fascist and a fascist and a Nazi. And by the way, guess what this stupid moron put on the gun? Fascist. He doesn't even know what a fascist is.
Starting point is 00:16:35 He also put something about Nazi. Who's the Nazi? The murderer. Duh. And unfortunately, unfortunately, we have nobody in leadership right now. Nobody. that wants to lower the temperature. Nobody.
Starting point is 00:17:06 You know, when 9-11 happened, Bush went and really lowered the temperature. But then Teddy Kennedy was heard saying, we can't let him get too much out of this. Yeah, that Teddy Kennedy, I don't know if you remember that. If you think things are going to change, they're not, unfortunately.
Starting point is 00:17:34 Let's just all of us work hard, play hard, love hard, do the best we can to do great things for ourselves and our family and for others. And if somebody wants to celebrate murder, I guess have at it. And by the way, all the videos are up on, you know. And just stunning to watch also. stunning stunning okay done with that
Starting point is 00:18:14 Serenity now Dow was down 273 today but the S&P was down 3 and we'll explain you know why right because the NASDAQ was up 98 and the NASDAQ 100 was up 99 that's why
Starting point is 00:18:36 Russell 2000 was down 1% advanced declines not a very good day, rough day for the small and mids. What had the NASDAQ, Microsoft was up nine, good bounce by Microsoft, and that's a top five name. Apple was up almost four, bouncing, that's a top two name. Meta was up four, that's a top five name, and we're talking about influence. Tesla was up 27 on a big, about four, five month breakout of a mid-level base. that's got to be a top seven name
Starting point is 00:19:13 and that's what did the trick and help the S&P and as you know the top seven names are 34% of the S&P so you can have the market crap out but seven names up strong and the S&P hangs in there just fine that's what went on today
Starting point is 00:19:31 but just as I haven't really done scans yet just a week or day as I look at my screen lots of red in my stuff screen that would be retail and medicals and biotech and auto dealers and transports housing pulled back today after being strong because yields are up today as we said to you restaurants are very weak and weakened even more today financials were down most but jp morgan knew all-time high at the close today semiconductors were actually up a little a bunch of them down but i got to tell you those equipment makers had another good day because of what Oracle said.
Starting point is 00:20:14 But Oracle, get this, and this is of import. As we told you, Oracle's numbers that they are predicted are just rate a big wow. They announced a backlog grew 359%. Their cloud revenue that they are saying is going to grow from 18 billion, this year to $32 billion to $73 billion to $114 billion and then $144 billion over the subsequent four years. Stunning. But what happened with Oracle?
Starting point is 00:20:55 Well, they gapped it up on Wednesday of 345.72. And that was in like the first hour. The actual gap to the upside was at about 320, and then they ramped it up to 345 in the 11 o'clock hour. They closed it at 328, which is no biggie. Yesterday, they closed it at 308. Today they closed it at 292. Huh. So that big move, which was really big, the gap was for.
Starting point is 00:21:42 241. It's now two nights. So it's still up 50 bucks, which is still huge, but leave no doubt that gap was too much and it falls into place what a lot of gappers have done. Same thing with the IPOs. Remember what we said? These
Starting point is 00:21:58 hot IPOs, they open them up and they trash them. Well, a lot of gaps have been filling and Oracle is filling the gap pretty darn good at this point in time. We want to buy it. We will not even consider it until it shows a couple of days of we call defense. What do we mean by defense?
Starting point is 00:22:18 Well, an up day. That's for starters. But then the ability to hold that up day, which is, again, more than one day. So we'll see how that goes. And interesting enough, though, it's not really taken a lot of things with it. Interesting enough. You would think it was such a driving force to move a bunch of stocks, but I must tell you, Micron was up another seven today, Sandisk was up, Palantir was up seven today. And as I mentioned, the semiconductor equipment makers, because the storage companies, you know, microns won, because of the numbers they sent. So we'll see, we'll let you know. We'll let you know, we don't do this often.
Starting point is 00:23:13 If we buy Oracle, we'll yap on it. And we'll always say, we're not telling you to buy sell short or cover, you decide it's your money. But we haven't done it yet because we haven't had to. The big institutions distributed the big move up. Now, I will tell you, there are people that don't believe the numbers. there are people that don't believe the numbers. I'll tell you what I think up next. On this, the one-only, investors' edge.
Starting point is 00:23:46 Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of quantum 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.
Starting point is 00:24:42 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 00:25:06 There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing,
Starting point is 00:25:27 visit IBM.com slash quantum. At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CBS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack.
Starting point is 00:25:55 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 Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points.
Starting point is 00:26:18 Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-Sung, 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. You're listening to America is talking.
Starting point is 00:26:49 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. By the way.
Starting point is 00:27:16 I forgot to mention one thing. Let me back it up. The governor of Utah, I don't know who the hell he is, except today. I thought he was magnificent in the press conference today. Spencer Cox, I believe his name is.
Starting point is 00:27:40 I thought he was magnificent. He is one. He is one that is trying to do everything. to lower the temperature. All right, back on. Going into next week, I'm watching any...
Starting point is 00:28:08 Med is holding the 50 day but needs to prove itself. Broadcom's hanging in there after gaping up. Palantir held the 50 day and is bouncing up, though it has that little top it's got to get through. I have to let you know, and I'm careful when I bring this up, Bitcoin and Ethereum. Bitcoin broke back above the 50-day moving average today. That's number one.
Starting point is 00:28:39 And Ethereum, stronger than Bitcoin, look like that's turning up also. Just letting you know. Just remember, these are crypto, whatever they are. They trade over the weekend. We're just given you a technical analysis. look at them, but the setup looks pretty damn good going into next week. We'll see what happens. Gold. Another update today. This week it sat around for a few days. The only
Starting point is 00:29:16 issue with it is extended here and probably needs to sit a little bit, but leave no doubt. That's been a bullish market broke out of an 18-week range. We were harping on it for days and days and days for you guys. And so far, sticking pretty darn good out there. As we mentioned, yields finally bounced today. The 10-year yield dropped from 4-3 down to 4 in 3, 4, 5, 6, 7 days, trading days, bounced up to 4.06 today. And that's why the housing and housing related pulled back today. I think about a one point some, almost 2% actually on the housing and housing related stuff. I did a webcast for the peeps earlier today.
Starting point is 00:30:14 I wanted to get a head start and all it was was on a void. So we're just letting you know And again, we're not telling you to buy, sell, shorter cover, we're telling you what things look like. Alcohol companies. Read the news. Alcohol intake is at a, I hear like an all-time low or multi-decade low.
Starting point is 00:30:42 That's really good to see. You know we think it's so overrated alcohol. It's not even funny. So that would be Anheiser-Busch, Constellation Brands, Coors, Molson Coors, things like that.
Starting point is 00:31:05 Also have to remember the Cokes and the Pepsi. And, oh, even worse, the Dr. Pepper stock just went from 36 to 27. That ain't working. A lot of food stocks. Campbell's, General Mills, Post, I can go on and on. They're in bearish trends also.
Starting point is 00:31:29 Some of the household things like Kimberly Clarks, Clorox, Procter & Gamble. The job market softer, guess what? ADP and paychecks, bearish. For whatever reason, waste management stocks, there's three of them. I follow waste management, waste connections, and Republic Services.
Starting point is 00:31:54 In the Dow, Boeing just topped out near term. Amgen's been weak with a lot of big biotech. Salesforce.com is miserable. Cisco looks like it's just topped out. Disney, Honeywell in dire straits, IBM acting poorly. McDonald's, get to the restaurants in a second. Nike bearish. You know United Health has been better.
Starting point is 00:32:20 and V's are not acting well. The restaurants, and we mentioned this before, they're acting horrible, which some of them have just been absolutely bludgeoned. Remember how strong Kava group was? They opened that stock up last November on a gap at 172. 63 bucks today. Chipotle.
Starting point is 00:32:47 And we warned you about that 50 for one stock, split. They top that out in June of 24. It's 69. It's 38 change. Starbucks, all of them. All of them. Weak and downtrends. The only one standing, darn right now. And when we say standing, they ain't going up. Some of the retailers and apparel. Oh, I mean, don't get me started on Under Armour. Nike Burlington looks like a big top in place Aber Crobby and Fitch
Starting point is 00:33:32 Dollar Treeges gaped down on earnings Urban Outfitters topped out Lulu Lemon is crashed Costco ain't acting well Crocs It was 151 11 months ago It's 77 today So we were just doing this
Starting point is 00:33:51 Showing the peeps Hey just letting you know While the market The going is good just letting you know these areas. And by the way, a bunch of medical names. Intuitive surgical, cardinal health, Bechtin Dickinson, Danerher, Stryker.
Starting point is 00:34:09 And then there's these, a bunch of software that we mentioned before. I don't know what the hell's going on with Intuit. I don't know. Just went from 813 to 646. You know, that's tax and financial software. So just letting you know, keep. you're involved in what not to do.
Starting point is 00:34:30 But as always, again, you decide. We refuse to be in downtrends. We refuse to be in bearish phases. We refuse to be in bare markets. So we're constantly not taking our eye off the ball. And again, there are areas that just are puking. Oh, did I mention the rails and truckers and FedEx and especially UPS? You want to own some UPS?
Starting point is 00:34:59 Let's see. That topped out at 233 in March of 22. It's 84. Which is quite amazing, by the way. And I think what's gone on there is competition. I see UPS trucks. You know what I see a lot more of? Amazon trucks.
Starting point is 00:35:25 Competition. Welcome to capitalism. So just letting you know I wanted to do a little bit of that also. Did I leave anything out? There are a few semiconductors that are weak, but overall the socks is back to near the highs. Some big names, SAP, Dell, Salesforce.com, I imagine Adobe, which is an absolute crash.
Starting point is 00:35:50 Netflix with a pretty good top in place in the last weeks, and now they lost an important product manager, I'm being told. So it was hit hard yesterday and a little bit more today. things you got to watch kids and of course if anything changes we know what we say to you on this show so if anything changes we'll let you know
Starting point is 00:36:13 otherwise other areas in good stead and you know about the artificial intelligence and you know about the semis and you know about some of the great reactions and all that crap oh and the banks I forgot to mention
Starting point is 00:36:32 the banks. They've been in pretty good stead too. And JP Morgan being in a new yearly high is usually not a bad thing. Foreign markets are a okay. Some actually on the strong side. And that's kind of the story. Now next week, I believe Wednesday is the Fed. They're going to lower the Fed funds rate. So you're going to get less money on your money markets. I don't know if it's baked in the cake in the market, but usually easy money is not a bad thing, but it could be baked in the cake. Let me state that again.
Starting point is 00:37:13 There's talk of maybe they do a half point. I could care less. That'll be Wednesday. Up next, we'll take it to the weekend. This is the one only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM.
Starting point is 00:37:50 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. 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. If anybody is not using AI to make their developers who write software
Starting point is 00:38:28 30% more productive today, with the goal of being 70% more productive. 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.
Starting point is 00:38:52 To listen to the full conversation, visit IBM.com slash smart talks. At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CBS is here to fill your prescriptions
Starting point is 00:39:19 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 00:39:44 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, Oiraida, Silk, Capri-San, 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 00:40:12 You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In The Gester's Edge. With Gary Culpa. So, uh, we always have.
Starting point is 00:40:49 have to preface it when we say, boy, we're rooting for President Trump. Just like we would always say, boy, we're rooting for Joe Biden, except Joe Biden was the worst president ever. No doubt. Based on doubled the size of the deficit, rang up massive extra spending, lied about it, admitted to lying about it, on purpose, wide open border, and lied about it. I will never forgive him for that. People died crossing the rivers and behind trucks, and the media blacked that out because the media just absolutely sucks. But I watched President Trump yesterday talking about the economy and how well it's doing. And I want to vomit.
Starting point is 00:42:02 August. What month are we in September, right? Yeah, yeah. Last month, the month of August, our government spent $689 billion. Revenue was $344 billion. We ran a $345 billion budget deficit in August. Notice my silence after mentioning that.
Starting point is 00:42:42 And that includes the tariff revenues. I didn't hear the president talk about that. So I just want you to remember, I'm rooting for him. But boy, did he con us but good. When he ran for president again told us how bad Kamala Harris is going to be because, boy, she's running massive debt and deficits and their spending is out of control, and he's going to lower taxes.
Starting point is 00:43:21 Well, he did extend the tax cuts from his first go-round. Did a few more tax cuts in there, and that's all he did. Because we're going to run this year, and by the way, August is a larger month than others. We're going to run, I'm going to guess, 2.5,000. trillion deficit this year. Now, to be clear, a lot of that is Biden's fault, and you could not roll it back. But let me be clear about this. President Kaltbaum would only had a $1.5 trillion, if not $1 trillion yearly deficit this year. I would have done what I promised to do. This
Starting point is 00:44:06 president did not, unfortunately, and has no interest. Has no interest. and change in the trajectory or he would have. And now he can't, except through tariffs, which is higher taxes. So no longer can I listen to him claim the left is for higher taxes. Donald Trump, the President of the U.S., likes higher taxes. He says that money is coming into the country and going to help the deficit. It is not coming into the country. It is already here being paid by Apple and Ford and many other companies.
Starting point is 00:44:52 That's why Apple went to the White House on Bended Knee. Please don't tax me anymore. I'll do what you want. I'll say what you want. Apple came out and said, oh, I'm going to spend $600 billion here in the United States. Thank you, President Trump. And they exempted the tariffs slash taxes. There you go.
Starting point is 00:45:17 not one thing I said was opinion everything I just told you was fact and that is all unfortunately the U.S. deficit for the first 11 months of fiscal 2025 1.97 trillion and by the way
Starting point is 00:45:39 when they come out with that first number just at about 15%. You know which year has been bigger? The COVID year for obvious reasons. So called me depressed on all this. I wish I had the president's ear, but I don't. And I'm going to guess he may not listen to me anyhow. I'm just the doofus on a radio show. I could have helped, but I don't think he'd listen because if you cut spending,
Starting point is 00:46:24 you cut GDP. And our GDP has been so dependent on government spending. Just remember, I want you to listen carefully. Just 2019 federal spending was $4.4 trillion. It's going to be $7.5 trillion. Are you happy that government increase since 2019 is what, about 75, 80 percent? Are you happy about that? And do you ever wonder where the hell that money's going? And do you ever wonder, how do we have any homeless people?
Starting point is 00:46:56 How do you have any children that are starving? How do you have any potholes or cracks in sidewalks? You ever ask yourself that? I gather if he heard this, I will not be getting an invitation to the White House Christmas party. But ladies and gentlemen, I have to tell you the truth with no agenda, no bias, no ulterior motive, except for the truth. And I heard him say, hey, look at the markets. the markets. Well, there is a direct correlation between markets and deficit spending. Did you know that too? At least we know they're not stupid. At least they know they're looking at the charts that we know about.
Starting point is 00:47:54 We take no solace in it, though. Hey, that all said, you have a great evening and 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 stay well, be well. Get some exercise. eyes, get some sun, and maybe the Giants will win this weekend. Nah, we doubt it. Peace out all. Until Monday. Bye-bye. 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.
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