Investor's Edge with Gary Kaltbaum - STILL A TON OF EARNINGS

Episode Date: August 1, 2023

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

Hey, it's Ryan Seacrest 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

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 Kaltbaum, your host.

A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's August 1st, 2020. Hope you having a good day. I didn't. As you know, the back went to physical therapy last night. They gave me some of these, you know, dry needles, massage the area. And boom, the big spasms hit.

And let me just tell you. And you guys, I got up to 2,300 emails from you guys. They're like knives in the back. The good news is I woke up and it just feels like I got a bruise in my back. I've had no spasms today. But man, oh man, I can't use the word I want to use for the pain that comes with it. But I'm getting used to it. And I went to see the big doc yesterday just for comfort.

And he says your MRI is clean. It is a muscle thing. It's like a war. And you keep doing what you're doing. Expect more spasms. Eventually it'll go away. He swore by it. He didn't swear, but you know what I mean.

Anyway, that was my evening. And of course, the other part of my sad, day is Justin Verlander was just traded to the Astros. Max Scherzer was traded to the Rangers as they pick apart my New York Mets team. But I'm almost hopeful because they've gotten some great prospects going forward and they're going to lose some significant salary and they're older. So I'm trying to put a good spin on it after thinking we were going to have a good year. All right, so we start off with a little morbid, and we're going to stay with right out of the get-go, just some words to the wise. So yesterday, we did these little lessons on the show about markets and bull markets and bare markets and bull phases and bare phases and characteristics of them.

I'm actually going to talk for the next few minutes about fundamentals in the market. Because we're pretty damn good at that. What do we mean by pretty damn good? Well, we're pretty damn good at reading the fundamentals. What do you mean by that? Well, we're pretty good at valuing things based on history. We're pretty good at that. You know, it's easy to say, hey, just so you know, when we go into another bear market, here are the characteristics of what they look like.

If you lose money, by the way, I'm looking at my Dwight-Straut bobblehead, and boy, it's bubbling around today. You know, it is. The air conditioning's on it. Anyway, back on point. So that's kind of the easy part. You just go back to all the bare markets and you go through stock after stock and you go look at the ones that lost money or the companies that had no sales and you're just going to see they're down 80, 90%. And also we've studied history of bubbles and we nailed that for you also. You know what's happened there.

Absolutely destroyed. That's kind of easy. Oh, they have no sales. Oh, the stock's going to get crushed. Oh, they have, they lose money. Stock's going to get crushed. But what about the bull market? Because part of the bull market is forgiveness.

Part of the bull markets are Teflon. You know what they, I mean when they use the word Teflon, nothing can go wrong. And we just want to let you know, you know what we're already doing? We're already putting this screen together. of companies with horrific earnings and sales to the downside companies with massive losses and all these companies are being forgiven what do we mean by forgiven the stocks are going up not just not going down but going up and some of them of soaring and this is what we meant when we were talking about yesterday about the markets and forgiveness because we haven't

done this before in the presaging bare markets we just warn you about the overall and what I mean by that is oh in February 21 we were telling you the bubbles are popping and if we go into a bare market boom boom boom boom boom and we did we did it in real time oh these 15 stocks just broke down. Oh, and by the way, this one loses a ton of money. So we're just letting you know Western Digital reported earnings yesterday. A $1.98 loss, their worst quarter pretty much ever, a 41% drop in sales. Imagine you have a business and year over year, and it's not really a seasonal business. You know what I mean by that?

You know, vacations do better in the... You get my point. The stock today was actually up 31 cents. After opening down, it was only down maybe a buck and change. It's worse. And it's a weak stock compared to a lot of tech, but it was still on a $1.98 loss. Last year, that quarter, they made a buck 78.

year they did 4.5 billion in revenues this year 2.6 billion. That's what we mean. And we're kind to sort of letting you know there's a decent amount of these. Now that one's kind of like an outlier. And these morons, let me just tell you what's these morons rode up. Western Digital wraps up fiscal year 23 on a bit of a down note. A bit of a down note. A bit? By the way, this September quarter guidance was soft also, and the stock was still up. That's what we mean. They gave downside guidance for the quarter they're in now of $2.10. The expectations were $1.43.

Revenue for the current quarter that they're in now is going to go from $3.7 to $3.43. $2.5 billion. The stock was up today. Teflon, that's what we mean. And we're just letting you know we're going through a list. And what's funny is a lot of them are coming up in tech. Lamb research. And believe me, we look for the light at the end of the tunnel for why these stocks are reacting this way to where Lamb Research's last four-quartered. Listen to these numbers. Earnings growth plus 25 plus 26 minus 6 and minus 32. Normally a market telegraphs those bad numbers and decelerating numbers and the stocks pay a penalty.

Know the stock got stock gaped up into new yearly highs. Sales growth plus 18 plus 25 minus 5 minus 31. So then what we have to do is like, okay, okay, gotcha. Gotcha. But what's Lamb Research got? What are they guiding? Are they guiding big numbers going forward? I got news for you. They're guiding for a 35% drop in earnings. They're guiding for 30% drop in sales. In the quarter they're in now. Now, maybe they beat, but they're still going to be down. And what does this all mean? I want you to listen carefully and we're not here to scare you. We're here to prepare you. We're in a bull phase right now. Markets look higher. Individual names look higher. Though, you know, we're going to get pullbacks.

We'll get some scare days. Maybe some scare weeks. Maybe a bad month. If guidance does not start catching up. If earnings growth does not start getting going. What is going to be left with are stocks that we're trading at 30 times earnings, trading at 60 times earnings, and if their normality is 30 throughout time, there's going to be hell to pay one day. It ain't now. It ain't yet. By the way, ain't there's a word. Up next,

we'll put a bow tie on this. Thanks for being here. 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 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 8-8-8-5-5-9. 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 the podcast Smart Talks with I. 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 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. To listen to the full conversation, visit IBM.com slash smart talks. 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,

ORAIDA, Silk, Capri-Sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those. rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. It's time to switch on the integrator units and get the brain cells working. You're listening to Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So first off, why am I?

doing this it's to prepare you know what one of our other mantras are right eventually ultimately value will take over real valuations will take over normality's going to take over now again we hold out that we're going to have some sort of soaring earnings going forward that fill in these gaps. All we can tell you right now still hasn't happened. And we're spending a lot of time now on forward guidance. And we have to because if nothing changes. And I'll just give Lamb research as an example.

if nothing changes and earnings do not recover and the valuation goes up by 40% above its norm throughout history, guess what's going to happen when we come out of the bull phase? Remember the explanation. In bare phases, bad news is bought up and good news is. sores. In bull phases, bad news goes, in bare phases, good news is sold and bad news gets crushed. And you will go to extremes. You will go from one end of the extreme to the other. You will go from one end of the extreme to the other. And how do you know this? How do you know this? You just lived it. You just lived it. How many of your favorite stocks drop 70, 80, 90 percent? How many? A ton. A ton. A ton.

and we're just giving you some advance right now that if it's just an if if nothing changes just be ready for us that's all no need to go further than that just be ready than that just be ready because there is nobody better in the whole wide world than us ask anything at the characteristics of markets topping and reverting into bare markets, downtrends. We've proven it to you every time. And in my industry, I can't use the word guarantee, but I can say we will do everything in our power to repeat the performance. the next go-round, with our hard work, with our focus, with our no-bias agenda or ulterior motive

when doing our scans, quite the very important part of what we do. That's the story. That's all. Just be ready. We are absolutely stunned. We're stunned. at some of the things we're seeing, and I just found another one in the aftermarket. Advanced micro devices is up about 3% in the aftermarket, but it's up. And by the way, it's a semiconductor. They just announced earnings. You ready? 58 cents a share versus last year's 105.

So earnings are down 40%. sales for the quarter 5.36 billion last year was 6.5 so sales down 18%. Stocks up 4 bucks in the aftermarket. And then we go look at guidance

well maybe guidance will be big. Maybe guidance will be good. Maybe that's the reason. Guess what? They didn't raise guys. guidance. That's all. They kept guidance, which means last quarter's earnings were down 47, the quarter before 25, this quarter in the 40s. If the stock just stayed the same, your valuation's going up by multiples, but the stock's gone higher, which means valuation really goes into the trees. So stay too. and we didn't mean to be morbid, we're prepping you. And if things do change and if all of a sudden in the coming quarters,

Lamb Research posts a baffo number because demand is coming back and numbers of this. Okay. Now, I'm also asked, is there this artificial intelligence component and maybe that is doing it? I'll grant you that. Maybe. Maybe, maybe not. I'm open to any and all outcomes, and we will adhere to what we see. AMD, earnings down 45, revenues down almost 20, and the stock is up.

Four bucks in the aftermarket, by the way, well, it's still 10% off the highs of a few weeks ago, but way off the lows. Let me finish this up again with a specific line. if earnings do not recover in a big way, it's going to leave some seriously high valuations in a lot of names. And I don't mean to pick on a couple of tech names because we've also mentioned to you the truckers up next. Market Wrap, the full one. Movers of the day.

I'm Gary. This is the one only investors, Ed. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of recent. research, Jake Mbeta, we discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with

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

My cell phone is a mature technology at this point. How far are we from that point with Conta? 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. I quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos.

Either way, just say to yourself, this is a job for Indeed, sponsor. jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, This is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit

to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed sponsored jobs. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st.

Spring in for storewide deals and earn four times. the points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, 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. The crowd is just on its 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. And well, once again, two Investors Edge. Hope you get where we're coming from on all this. We're prepping ourselves. We're prepping you. But I've got to tell you, I still own tech.

I'll let them run until they croak. And as we say, in bull markets, in both phases, bad news will be bought. And what's funny is as I sit here, they're ticking up advanced microdevices even more, even though their guidance in line. Nothing above expectation on any way, shape, or form. Welcome to the market. And we don't have to get into a deep dive. We can talk the business and what they sell and all this into what.

I have a sneaking suspicion. They're all yelling and screaming artificial intelligence. That's what I think may be going on. That better come through. I can tell you that. That better come through. All right. Today's market wrap brought to you by Investment-Models.com.

That's Jimorback, one of the great market timers. No gray areas with the man you're either in or out of the market with proprietary indicators. Go check it out. Investment-mottles.com. That was up 71. Do you know why? Let's see. You ready?

23.48 times 6.78th. Caterpillar was 159 of the 71 Dow points. It was up 23.5 bucks. That's the deal. Advanced declines today, 12, 27 New York, 1526 NASDAQ with the Dow up 71, so you know what that means. S&P down 12, NASDAQ down 62, NASDAQ, 130, transports down 86. Again, advanced declines up down volume,

yuck, yuck, and more yuck. But I already did scans. I don't see much in the way of any damage on down days. And now AMD is up seven bucks in the aftermarket on Major League down numbers, which makes it up 10 bucks for the day. again we interpret the markets for you but we do the fundamental side for you also what else happened today let's see gold how do I put this best the gold miners ran above the 50 day moving average

ran below the 50 day moving average back above the 50 day moving average and today sunk like a stone the gold miners. The only gold we own right now is because clients, we have some clients that just have some. But that is in no way, shape, or form in any way, shape, or form in uptrend. And we like owning stuff in uptrends. That's the gold miners, by the way. What else today?

A week, you know, financials, a little bit on the reds. side airlines. We never used the word downgrade because we're not analysts, but we told you a week or change ago that they look to be done and I think they are. Yeah, the airlines are doubly done. And there are some airline stocks that have just melted down. JetBlue went from New Yearly High to getting close to New Yearly lows in three, four weeks. A cruise lines, they have been strong but Norwegian cruise lines coughed one up today down

12% today and that affected the others. Royal Caribbean is the strongest name by far Carnival second strongest Norwegian not so good haven't really read the story

why they're worse than others and just an icky day overall lots of red the oils were down but off the lows retail was down for the most part transports were down but off the lows we'll take that and as I mentioned before old Dominion Freight the stock you know went from was just at New Yearly highs ready for the last four-quarter earnings plus 36 plus 21 minus 1

minus 20 normally you have a market telegraph that and crushed the stock now there is the thing with the truckers that yellow freight went out maybe they'll get the business. I don't know if that's what the case is. But just remember, when all is said and done, valuations are going to matter. Now, here's another thing we do want to bring up. The 10-year yield jumped above 4% today. The high of February was 4.091. The high of early July was 4.094. Probably don't want to jump above that. I'm not so sure that'd be good news. Why? Cost the capital. Mortgages go up even more. And you know what's going on with housing right now. There's not a lot of inventory because people that redid their mortgages at two and three quarters, three percent. If they move and get a new mortgage, they're going to be in the sevens. And if you got two minutes, go Google an amortization table and use a half million buck. mortgage, use a quarter million buck mortgage, and see what your payment would be at 3%

and see what your payment would be at 7%. You'll see a big difference. Thus, inventories remain very, very low. I've been looking for a home. I can't find. And anybody who puts something up is usually putting up at fantasy prices. Another distortion out of Jay Powell. Just remember, all of this is because of Jay Powell.

and is moronic, playing God with the bond market, creating massive distortions. He is the quack of central bankers, and they treat him like he's a guru. I cannot be, and nothing personal, I cannot begin to tell you how that continues to disgust me. These people don't have a freaking clue what's going on, not a lick. and just keeping fingers crossed, there's not going to be any more damage done. And you would I mean by that. Just remember, when they started printing money in 2008, our debt was around $10 trillion. We're now at $34 trillion in counting.

Why? Politicians took advantage of the low rates. You know what the problem is now? A lot of that debt's going to be coming due in the next two or three years. and you know what's going to be replaced with. Much higher yielding debt. And by the way, they're the sellers of the debt, which means our deficits are going to skyrocket.

The amount of interest we pay on the debt is going to skyrocket. Thank you, Jay Powell, and thank you a bunch of criminals in Washington, D.C. Corrupt criminals, and we're finding out every day the guy in the White House. Probably can write a couple of books on it. And the excuses are great. First, he was not on any phone calls. First, he had nothing to do with it. Now he was on 20 phone calls, but the phone calls were about weathering just niceties.

That's what the ass clowns in the Democratic Party who impeach Trump twice say about their guy. Remember, neither party care about you. They're only for their own team. We're just a bunch of marks. We're nobodies. and all they do is lie to us. National media is not even reporting it. The massive corruption of President Biden's son

to influence peddle their way to massive riches, and I can go through a litany of things they refuse to report. Bank accounts, millions and millions of dollars to the Biden family, there's nothing here. By the way, we're not surprised, and it seems like it's a normality now in that wonderful place we call Washington, D.C. So we get to vote for either Donald Trump, a lion's sack corrupt piece of you know what, against another lying sack corrupt piece of you know what. Yay! Up next.

Now we'll segue back into the markets. This is the one only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. 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 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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes.

Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply.

Need to hire? This is a job for Indeed Sponsored Jobs. 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 or delivery. Restrictions apply. See website for full terms and conditions. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In The Gester's Edge.

With Gary Culpa. By the way, everything I say about Trump, everything I say about Biden, I'd say it to their face. I don't look at anybody as celebrities or big time or this, that. I call them as I see them. You know? I don't look up to anybody because they're celebrities. or politician, I look up to people that do good things. And I really can't find anybody in D.C. Doing good things. There's a select few doing good things. The rest suck. And one is worse than the other.

That's how you get the 33, 34 trillion of debt. So Gary, you keep telling us. us, you'll know if the market tops and we go into a good bare market, bare phase. Can you remind us? Absolutely. Number one, your stocks will go down. How simplistic is that? Number two, they'll keep going down. How simplistic is that? Number three, you'll hear us say the stair steps are now heading down. Number four, we'll tell you that moving averages are being broken. Number five, we will tell you that the market's been up on light volume and the down on heavy volume. Number six, we'll tell you that the new yearly low list is really picking up and there are no stocks on the new yearly high list. Ooh, where are we, number seven? Oh, we'll be telling you that, oh my goodness, good news is being sold off.

good earnings is being sold off bad news is being crushed number eight we'll get to the point where finally crappy numbers and companies with no sales and earnings get crushed and then the moving averages

especially the 21 and the 50 days start turning down and every rally instead of going up as the moving averages go up, every rally is contained in these declining moving averages, which are now ascending right now. That's how we'll know. There's a roadmap.

You know, the roadmap that you can't do because nobody can time the market? You remember that, right? I told you I was told by a financial planner recently. You can't time the market. Uh-huh. Cool. Dwight Shrewt, my bobblehead, is nodding yes right now to timing the market, right, Dwight? That's how we'll know.

And we can tell you, as of this second, there's some weakness. There's some areas that are in bad shape. But overall, no, not yet. And it may not be for a while. and we're still getting crappy earnings bought up. And Caterpillar had good earnings. Stock was up $23 today. So stay tuned.

We will be focused as focus can be. We will be on top of it like there is no tomorrow. We are a determined bunch at all times. But especially when all of Wall Street, that's 99.9999% always bullish. and always invested. That's when the 0.000,000,000, 1 tenth of a percent really differentiate. And we can promise you that eventually we'll have another bare phase, bare market, whatever you call it. Maybe it will start next week, maybe next month, maybe not for another year, maybe not for another three years.

We do not predict. We'll just be ready. simplistic as that and that's our take on everything going on including the Mets selling off their team which kind of sorted the presses living heck out of me we're looking forward to a pretty good year didn't happen pee we Herman passed away just want to let you know peewee's playhouse great op-ed in the wall street journal titled climate change obsession is a real mental illness mental disorder. We don't think it's a mental disorder. We think climate change obsession is just a bunch of con artists making people into marks. The con artist, all they're looking for is your

wallet and turning everybody into marks. All you got to do is go back 50 years when they said global cooling, then it got warm. They changed it to global warming. Then it got cooling. They changed it to climate change because they figured what a great moniker we'll never be wrong and they're trying to tell us we have to do this that and the other thing or else they're trying to tell us they can stop the hurricanes and the wind and the rain and the hail and the fires i got news for them they're lying i got news for you they're lying what we should do is just do everything we can on pollution and not worry about that's all just be very good not listen to them that fly private jets to get on their yachts do everything possible but enough with coming after

our wallets they want to shut our stoves off now it's air conditioning they want to do something about that they're control freaks they're marxists and you know how they do it if you noticed Everything's a crisis. And they're here to save us. Yes, people who never had a job who's taken us to 30-some-odd trillion of debt. They're the ones to save us. I can't wait. Hope you're listening.

Tomorrow, I think I'm on noon Fox Business. But I know when we'll be on tomorrow. This radio show, same time. Don't miss it. You have a great evening drive. carefully when you get home, do like we do. It's quite simple. Don't have any back spasms. And do make sure you hug your children. Have a great night, everybody. Thanks for joining. Peace out all. Take care. Bye-bye.

This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Hey, it's Ryan Seacrest 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 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. 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,

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