Investor's Edge with Gary Kaltbaum - Revenge Of The Nerds.

Episode Date: July 24, 2023

garyK.com or https://garykaltbaum.com/

Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery.

Restrictions apply. See website for full terms and conditions. Investors 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 Ed. I'm Gary Colpom, your host. A thanks for being with us today.

Glad you here, ladies and gentlemen. Happy that you are listening. It would be July 24th, 2023. It is a Monday. Yeah, we're back from the weekend. Hopefully you had a great weekend. I did. I had no pain. I'm not going to say it's back to 100%,

because I still feel like there's something there, but I have that nothing in the way of, you know what I was going through, and let's hope it stays that way. I was told by the surgeon that what you have to do is stretch the hell out of your back and your glutes and this, that, and the other thing. And I think once it loosens up, it'll loosen up.

And so far the dude's been right. It's all I can tell you. Boy, I hope that's the way it's going to be. Because, just so you know, 2072, that's how many emails we have received from our audience on backs. A record. It took back pain to break. a record on how many of you have had back problems throughout your life.

And as I have told you, a newfound respect for anybody with this. And all I know is when I said to the surgeon doctor, you mean to tell me this is only back spasms? And back spasms are so painful? He said, buddy, it'll take you to your knees. I had no idea. No idea. So anyway, it was a good weekend.

Actually, for good three days now. And I'm the king of stretching, just so you know, and you should do it too. Morning, 20 to 30 minutes, middle of day, and I'm going to do it at night again. It's Gary the Gymnist. Anyway, I hope you had a good weekend. I have to mention Brian Harmon because. I entered this contest and he was one of my people to do well in the British Open and he won it. I am really happy for him, especially since unfortunately some major league disgusting crap came out of the mouths of some bad people at the golf course.

Not everybody because I know the people of England. They're fabulous people. So it's just some ass clowns that did it. I've played Royal Liverpool. It was one of the worst rounds I have ever played because when I played it, it was rainy. It was windy. And when I mean windy, you know what I mean by wind? The ones that go from left to right and right to left.

And you think you go against the wind one hole and then you go back the other way and you're thinking you're with the wind and then the wind changes and it's in your face again. That's what I had. but it's beautiful place loved it okay now we're done lots to cover lots to discuss we're going to discuss as usual the sunday shows on our leaders of the country destroying our future we'll spend only three minutes on it the usual but mostly on the markets because things be changing as we head into earning season and we will have it all three minutes

you just remember what we do now just remember what we do first off we're up much earlier in the morning why first off we're up very early every morning anyhow very simple quite simple earnings and what we will do in the morning and throughout the day is companies that beat wall actually they didn't have to beat wall street estimates companies that had great reactions to Wall Street on the earnings report, we will put them up on a specific screen in front of us and watch how they trade throughout the day. We'll study their earnings reports and sales reports and see if they are accelerating. Or maybe the numbers weren't that great, but the stock is still up. We're going to look to why, and that's usually going to be maybe guidance is going to be better, something to that effect.

And then after the close, it's much easier. Why? We have all evening to go through earnings, which usually come out anywhere between 4 and 6 o'clock. And right now we're in the right in the middle of earnings season after the close today. Nothing really stands out. There's a few that do stand out for me just because they've been on my radar like MedP, Semi-DP, stock's been acting pretty decently.

NXP semi, NXPI, Cadence Design, CDNS, been hanging. Then tomorrow, before the open, 3M, not that important because it's a terrible down stock. It's been destroyed throughout the last few years. Very surprising that they still have the same people running. But in the morning, get this, GE, GM, Kimberly Clark, New Corps, Pac-Car, Pulte Holmes, a Polaris industry may not be the biggest of deals except the stock's been acting well.

Spotify, which I don't know why, was down nine bucks today when it's been acting well. And what we will just do is we will know. And we have something called briefing.com, but we also get it sent to us via Twitter from certain companies that will report earnings. earnings beats and what the pre-market looks like and then we start watching some of our biggest games we have ever had was after a stock gaped up huge on earnings and what's interesting and human nature says so most people don't want to buy a stock after it gaps up big time oh it's already up but we have studied in the you got to have a good market and you have to be bullish for that sector if you're in the right time in the

right arena i remember amazon uh gaped up beautifully i remember uh one of the best one we've had was facebook came public and the stock got trashed because they were doing things wrong the ipo came out wrong the delivery was wrong just everything what anyway on the next earnings report the stock gaped up huge uh volume was like 10 times average i think we paid 35 within weeks it was 52 uh and the list goes on and on and video was just one and we'll see how that plays out so that's how we go about things now and what you really want to do is stay in tune because there's not that many people that will put the time and effort into this and really understand how important it is. A lot of people don't understand how important it is to be on top of earning season.

It is the defining factor. O'Neill proved it out. William O'Neill went through this whole trial of what drives the best stocks. And it's been the strongest earnings in revenue growth combined with great reaction, great technicals. And that's that. And we just added the wrinkle of the gaps. And we tested it. And we tested it.

And interesting enough, the big of the gap, meaning the big of the move overnight or in the morning before markets open. the better. One would not believe that. How can that be? It's already made that move. Beats the hell out of me. All I know is that's how it goes. It's just the study of success in the markets. So stay tuned. The next two to three weeks, boy, oh boy, the amount of time we put into it. Huge. and of course then there's the other side the companies that blow up I don't know if you know this but Omnicom one of the great advertising companies ever

has gaped down in a very big way on their earnings report and so did Interpublic Group both of them guess what we don't want to own them now maybe later we don't want to own them now

So what we'll do is we'll just start deciphering things. And then we look at the sector. What others in that sector? Who else can be in trouble or who else is gaining because of it? That's the cousin stock theory. Up next, we'll explain more. We'll do the market wrap. Wine and complain about something.

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

to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-8-5-9. That's 888-4-22-55-9. 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 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, have a legacy of building stuff.

Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point.

How far are we from that point? with quantum. By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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. Look for in-store tags to earn on eligible items from Celsius, Body Armor. Orrida, 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. 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, this promises to be fun. Investors Edge.

The last bastion of quality of quality. programming with Gary called bomb it doesn't get better than this and well once again to investors edge some of the other um stocks that we made real in 99 in the midst of that craziness Oracle gaped up on earnings sat tight for a few weeks and we just bought out of that tightness stock went crazy but then again that was 1999 I think it was like fivefold within months. I don't know exactly. Don't hold me to that, but this is the stuff we look for. And what we'll explain gaps. That is a market adjusting to the reality of something has changed on the surprise front, either good or bad. That's all. In the case of NVIDIA,

they announced that sales were going to be $4 billion more than a cost. expected. A gargantuan chain and that's why it gapped up so much. And then you have the other end, big gigantic misses. And of course, we want to avoid those. So as we move forward, we'll be talking more about it. I am looking in the aftermarket right now, for example, F5 networks closed at 150. I got it at 160. Nice gap to the upside. We'll look at the numbers. On the other end of the spectrum, a stock that has been pretty decent, cadence design system closed at 241, 2.30 in the aftermarket. And then there are times where Tesla, bad reaction to earnings, not happy. One day more to the downside?

Up 9 today. the electric vehicle stocks were strong and somebody downgraded it today and it was still up nine Netflix gap down and for the life of me I still don't understand how Netflix is sitting at this price

with its earnings and revenue growth which is basically blah want me to define blah earnings up three revenues up three in the four quarters before that hardly any gains So that's what we're going to be looking for.

And every day we do this show, we will update you. And we're not going to do a ton of them. We're going to do the ones that stand out and the wise. That's all. And see if we can figure out what's big ones going forward. And you may not know these names, but I do remember things like Ascend Communications, new bridge networks back in the 90s. These were technology names that just gaped up on earnings to where, let's say,

expectations were 150 million in sales. They did 230. And earnings were supposed to be a buck 50 and they do 250. That is the adjustment the market makes with the gaps to the reality of, holy crap, whatever they are selling the market loves. And the market didn't know it just yet, but now it does. And then, at that point, if those numbers that are now accelerating continue to accelerate, then you're going to get a big monster stock.

And what do we mean by that? Well, year over year, sales were 20% higher. And then they go to 30. And then they go to 50. And then they go to 75. That's acceleration. And the same for earnings. And typically, markets will know it, but not in companies that are smallish because they're less followed.

So stay tuned. I want to know, in particular, with some of these moves to the upside recently, are they going to stay up? do that does the market know something we don't know because all I know is the market's been higher the Dow and the financials have been catching up while we've lost a little relative strength in the NASDAQ types which is not the biggest of deals we told you last week late that we thought and guess what today same thing going on so just a little word to the Y is very important and I would also suggest absolutely know when somebody's reporting earnings

I know there are people that go on I'm amazed that anybody would go on TV or an analyst send out a buy recommendation the day before earnings like their Carnac Magnificent we consider us pretty decent at this and we have absolutely no clue forget what's going to be reported

whether the market reacts well. Somebody can report good numbers and still drop 10%. Somebody can report bad numbers and go up 10%. So just be very careful. We tend if we don't have a lot of cushion before something reports, we'll tend to see you. Not 100% of the time.

But we don't like, as we say, tempting, fate. The markets aren't friendly. So why try to game them at earning season? And I can tell you in the last week, you got some things that gaped up, some things that gap down. And we have no interest in playing that game. As always, it is your money. We'll let you decide. The market wrap is brought to you by investment dash models.com. Next, Jim, we're back one of the great market timers. No gray areas with the man you're either in or out of the market with his proprietary indicators. Go check it out.

Investment dash models.com. Well, here we go again. But now at 180. And what did it today? Remember, the Dow's 30 stocks. Today, a couple of bucks out of travelers. A couple of more bucks out of United Health recovering. Home Depot up four, Goldman Sachs up seven.

They report a 60% drop in earnings. And guess what it's done since? Straight up. The market's making a big bet they're going to have recovery. Chevron was up three. They pre-announced earnings. And oils were better. And Boeing, been sitting rangebound for like eight months.

And it bounced up today four bucks. And really not much is down, so the Dow had another good day, S&P 18, but guess what? NASDAQ only 26, NASDAQ 100, only 22. Up next, more on this, much more. This is the one only investors. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of quantum computing.

IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted to. I wanted to. the experience, the culture of building hard things that others have not done before.

Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Kondo? 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.

This message is brought to by Colagard. If you ever printed out directions and I hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45 if you are at average risk. The Colagard test is non-invasive, requires no special prep or time off, and it ships right to your door so you can use it in the privacy of your own home. With just three simple steps, set up, sample, and ship, completing your Colagard test is easier than finding the right track on your mixtape. If you're 45 or older, then at average risk, ask your doctor about the

colagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Do not use the Colagard products if you have had adenomas, which are a type of colon polypillop that can sometimes become cancer. Inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer screening method within that test's recommended screening interval. Coligard results should be interpreted with caution. A positive test result does not confirm the presence of cancer.

Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. 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 a points.

Look for in-store tags to earn. on eligible items from Celsius, body armor, ORAIDA, 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. Restrictions apply. See website for full terms and conditions.

We're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on its feet. Here, he's a senator out boy. With Gary Colbomb. It comes highly recommended.

You're going to feel better if you talk to him. Okay. Where is the money flowing? Well, for starters, as we mentioned, Tesla, gaps down. Further down Friday. I've got it up nine today. Up a little bit in the aftermarket also. On top of that, some other electric vehicle stocks, more speculative, were up decently

today. So something going on there today. Don't know. I would suggest Tesla still has some work to do in here. Oils. Money is flowing into oils. Had another good day. But here's some good, here's some bad. Oil price is up another buck 80 today. Almost 79 bucks. You know what that means? At the pump. That's the spot price. I can 100% promise you. that prices at the pump are going to be up markedly in the next week. And if prices go up at the pump, what could it possibly do? Possibly. Not saying it's going to.

Oh, airlines and cruise lines, stocks that have been pretty decent, they can come in. Retail. The worry that, oh, money out of the pocket of consumers. possible not saying it will possible so money's flowing into oils on the back of the price is moving up financials we had told you about the KRE which is the regional banks moving above 45 bucks what we do it's 47 a half right now not the biggest the deals but money's flowing in there and we mentioned Goldman Sachs already JPMorgan had another good day They're the grand pooh-bah of the big banks as they announced a gargantuan amount of deposits going to them as the masses scared out of their wits to keep their money with the smaller banks.

And I can tell you, for weeks, I had people calling me at my office that I don't even know. Do you think I can keep my money here? and they would come up with some name of a credit union in Milwaukee, Wisconsin, like I would know. The good news is you had two banks go out. I haven't heard of any others, have you? There's not many things that our government does right, and let's be clear, they caused what happened with their stupidity from the Fed. the fact that they came out in quasi,

because they don't have the money to back it, just so you know. It was fakery by saying they were going to back deposits, even though, again, they don't have squat. There's like 16, 17 trillion of deposits. I think the, what, does SIPIC have 800-something dollars? Something to that effect, I read. What do they say fake it to you make it? Well, that fakery calm things down for now and seems like everything's a okay.

The worry right now for me, and I read about it every day, is commercial, real estate, especially in big cities. A lot of places are just plain old 50% occupied. some big buildings went like 80%, 70% lower in price. We'll see if that has any effect going forward. But better. When you have a chance, go look at the KRE, look at the XLF. Now the KRE is the regionals, much weaker than the big. Much weaker.

Better. That's where the money's flowing. Less so. I can tell you flat out. A lot of software types. Higher beta types. You know the names we had said that had dropped 50, 60, 70, 80% from the 2,021 highs but have been rallying up to one-year highs.

Still way down. They're croaking right now. Tucking their heads in like frightened turtles. So that's losing a little bit of traction. Well, I take it back. A little more than a little bit. Some going by the wayside. Money flowing out of that.

Money flowing into commodities. Commodity types. I can flat out tell you nothing's in bull market, though. In commodities. But definite recovery. Definitely better. That's steel, copper, aluminum. and the like.

We'll let you know if they ever get into full bull mode. Back to the oils, again, the OIH, better than the XOP and the XLE. Oil services much better than the big oil and much better than the oil explorers, but those two even came on today as again, another strong day for oil prices. China China's been very weak Economic numbers coming out Not good

They had gapped China down today And finished up strong I actually have a few names From China These are their ADRs That trade here They hit my screens Whether I play or not

I don't know Because that dude running the shoe over there scares the hell out of me. The dictator in China that tomorrow can announce restrictions on companies. He destroyed the education

companies out of China. They dropped 90%. They do it a little bit better right now, still way down. So you've got to be careful. Government risk is out there. And of course we got the same thing with the Marxist in the White House right now. Government risk. You never know what these people are going to do or come up with. You hear the stories about ovens and gas stoves.

They're insane. These people are nuts. You know who they're going to kill? The middle class and the poor. They're nuts. They're absolutely nuts. They think they're God. And it's going to help nothing and do nothing.

and do nothing for nobody, unfortunately. But I got more whining and complaining about them in a couple of minutes. So again, money's flowing a little bit differently right now. Not to a huge extent where, oh, all the tech's in big trouble now. I'm not there yet. But definitively, definitively, a bunch of names that were kind of sort of on the launching pad and trying to move out, not anymore. And quite few in trouble and breaking down and coming off my screens. And when something comes off my screen, that is

bad news because we got a good eye for this. And as always, if anything changes, we'll let you know. And when we tell you commodities better, just remember they're commodities. Who knows what OPEC can say tomorrow on the oil front, just don't know. What we do know right now is oil prices have turned up. Technically, go look at the chart and oil stops going along for the ride, but there's weak and they're strong in the group and you better know which is which. And we measure that very simply relative strength. It's a race. The strongest versus the weakest, especially when it comes to commodities. Gold and silver, they rallied up a little. In no way, shape, or form in any big uptrend whatsoever, but a little bit better off of the weak dollar. Go look it up.

And lastly, on that front, earnings, as I will repeat again, a few thousand are reporting in the next couple of weeks, two, three weeks. You better stay on top of it and be careful about it. And we'll know a lot more about the markets on how things react. Up next, I'll whine, I'll complain for you. This is the one only investors end. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gembetta, we discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with

just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature.

Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. This message is brought to by Colagard. If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer.

Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. more options than ever, it's key to start screening at 45 if you are at average risk. The Colagard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home. With just three simple steps, setup, sample, and ship, completing your Colagard test is easier than finding the right track on your mixtape. If you're 45 or older, then at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at colagard.com

Do not use the Colagard products if you have had adenomas, which are a type of colon polyp that can sometimes become cancer. Inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer screening method within that test's recommended screening interval. Colagard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again.

positives and false negative results can occur. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more.

Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! And welcome once again to Investor's Edge. I will not go see the Barbie movie. That's all. I am not going to dumb myself down, but I'm in the minority. 300 million worldwide. I'm in the minority. I will see the Oppenheimer movie.

I heard that's pretty good. And when Mission Impossible comes out, I'm a huge Tom Cruise, the movie star fan. Not such a fan of some of the things he practices, but I don't know him personally. Can't help with that. Whining and complaining. You know what I think.

but timing is everything. There will come a point in time where all these miserable corrupt sleaze bags in D.C. that have taken us to $3334 trillion of debt and guaranteeing, it's a guarantee now, we'll be at $50 trillion of debt in the next 10 years, but even before, there's a hope.

There's only one hope that these people that are killing us guaranteeing that the market will eventually crash and I mean crash under a heap of debt to where a trillion dollars plus of our tax dollars are going to go towards interest every year you just hope that the media would get tough

not just on one person or one side but the culprits you know what's happening in San Francisco, don't you? Ask anyone. Speak to people you know there. The city is going downhill. Businesses are leaving. People are leaving. Capital are leaving. Traffic is way down so they're getting less money and tolls. They're going to be run dead up to wazoo. Oh, by the way, same for California. Whose district is that? A woman named Nancy Pelosi. See, who's worth a couple of hundred million? And the greatest trader of all time that we would go to jail for on her insider trading.

She was on CNN this weekend. And do you think the anchor said to her, what are you doing about your district? Do you think she even brought it up for the people? I don't live there. do you think she even brought it up for the people of San Francisco that my friends won't even walk the streets at night and they're moving. Do you think this anchor on CNN asked that one pertinent question?

Nope. You know what she did ask. Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump. It's sickening. That's why I have no. Do you know why Fox News got so big? And you can hate them or love them. You know, I understand the political side and the opinion side.

They got so big because they realized that the national media were blacking out bad news on their side and lying about all of it. And then the next part. So you had the main economic advisor for Biden on TV. And you know, my father always says under whose watch. And if things are bad, they get the demerits. If things are good, they get the rewards. The Obama Economic Advisors on. And he said, we've created 13 million jobs since we came in.

Do you think they said, wait a minute. No, you didn't. most of that was from getting back from COVID. Estimates are you created under your watch four million. Stop lying. Nope. They talked about the deficits again. Oh, we cut the deficit.

We cut spending. Big juicy lie. This year will be the most gargantuan federal spending ever without COVID. and the biggest deficit ever in a year, ever. Nope. And I'm just thinking to myself, I will give CNN or whoever, 100 grand to their favorite charity.

I get to interview them for a half hour. You know what would happen? They beat the crap out of me. The guy would jump over the table and beat the crap out of me because I would be actually holding these people to the fire that worked for us, not we work for them. So you had Nancy Pelosi doing nothing about destroying our city, nothing about anything there,

and never being asked about it, even though she runs the district. She's from there. And the head of the Economic Council for Biden just lying his ass out, nothing. And when it all blows up because of the debt and deficits and the gargantuan government spending. Remember what I told you? They'll either be dead, retired in their cushy lairs,

and whoever's left, just blame each other. And who ends up being victims? Well, let's see when they created the inflation, the government, who were the victims? Not them, us. And by the way, prices is still elevated.

I do a lot of shopping here. So just letting you know, it's just so depressing. And I hate to harsh your buzz on Monday, but it's so depressing. The job of the media is to hold their feet to the fire, not kiss their asses because it's your side. Excuse my French, but I'm, you know, I won't say that word again.

Anyway, just remember, I have no side. I'm done with all of them. I just wish somebody would stand up and do the right thing. All hope gone. Have a great evening, drive carefully. But the oils and financial is up today. And when you get home, do like we do. It's quite simple.

Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise until tomorrow. Enjoy your evening. Monday night, raw night. Peace out all.

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