Investor's Edge with Gary Kaltbaum - Still No Complaints.

Episode Date: July 17, 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 Kalpom, your host day.

Thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you're listening. It's Monday, July 17, 2020, 3. Hope you had a good weekend. So, you know, we like talking about personal life also. As you know, my father's going to be 92. My mom's 90. My father, just so you know, he was almost a professional baseball player. He was in a Navy, Korean War.

And I have to, he's gone. He's down to like 120 pounds, you know, old age. And there's really, there's not much you can do. Just something shows up every day. I have to tell you. as the sun man and i and what's funny is it's not funny uh you you get my point we all go through this at a certain point in time and it's never easy and i watch how you can see how frustrated he is that there's nothing he can do in fighting I guess they call it father time. To the point where it was a rough weekend. Let's put it that way.

And for all I know, he's going to live to 100, but it's not going to be easy. You can see the slow downward. my mom's 90 and my father's the one that's always been in shape my mom not necessarily so and she's a rock of Gibraltar had some leg issues they've never had a living they've never been the assisted living they cook they clean well they have somebody who comes in every week to clean but you know they take care of themselves you can just tell how much tougher it is We try to sell them on getting somebody to come in just a few hours a day.

Nope. Nope. And what are you going to do? Anyway, it was a tough weekend, which was topped by seven-hour delay on flights out of LaGuardia yesterday. And interesting enough, this has never happened to me before, but I hear it's happened before. So we had a two something flight And very early on they changed it to four something And okay and I realized it was probably going to be later than that

And we our apartment's only about 15 minutes from LaGuardia In New York City And then they change it to six So okay cool fine whatever And we figured it's probably a be eight or not or 10. At 315, we're going on the fact

it's a 6 o'clock flight and then it's 3.30 and then we get notice that they change it from 6 to 430. They dropped it an hour and a half. Have you ever heard that before?

So we haul you know what into an Uber. 10 minutes we're in in the car and I get a notice that the 430 has changed to 730. So instead of hanging in my apartment, I decide to screw it. I have a good lounge access there. We just went. 730 turned into 8.

8 turns into 830, 830 into 9, 9 into 930. We ended up leaving at 10 on a 230 flight. And we got lucky. 280 flights were canceled. La Guardia, and I feel for these people in the airports, they're sitting there getting blamed by people like it's their fault that there's fog and low ceilings all across the eastern seaboard, as well as thunderstorms in Florida, which basically did the trick. And, you know, I'm going to give you all a little idea.

Just going to give you all a little idea. It's something that I do. And I did invent it. I get ideas from others. Knowing what these people were going through, I go into Starbucks and I buy a bunch of $5 cards for the people on the plane. You should see them light up just by giving them a little $5 Starbucks cards knowing what they've gone through and appreciate their hard work.

Something to think about if you can. Just letting you know. Anyway, it was one hell of a weekend. My heart breaks for my father in that I can tell his frustration. There's nothing he can do. Can't turn back the clock. And you don't know what to say. You don't know what words.

I just put my arm around him. And, you know, just thought. I thought I'd mention that because I think a lot of you, most everybody goes to it, to the point, well, I think that that covers it, right? Right. Anyway, that was that. And we'll keep you up to date on, you know, all that. And I'm just hoping that he, because you can get better to a certain point, but he's lost. a lot of mass, muscle mass, and a lot of weight.

Thanks for listening. All right. That said, there's been certain dates we have been harping on here. The first one was May 25th. Before May 25th, before May 25th, it was a very, very narrow market, and that was Envidia Day. and Vidi announces and then all of a sudden a bunch of in sympathy, you had the Sox, the Philadelphia Semiconductor Index breakout that day.

So it brought a lot of that along. It got the software moved above range, got that going along. But that was just the start. two days before June 2nd. Actually, I think it was the day before, within a day or so, I had said it feels like the broad market may be starting to wake up. On June 2nd, the broad market woke up. And you had some moments where financials pulled in,

and then they rallied up and pulled in again. But bottom line is the economically sensitive, transports, to a lesser extent financials, auto dealers, even energy, some retail not all. Airlines, cruise lines, hotels all woke up. So that was June 2nd. So that helped. Last Monday, last Monday, higher beta growth, that's July 10th, we thought that woke up.

And little did we know, because let me tell you what's happening here and the best way to explain it. When we called the top in 2021 and growth stocks basically were crumbled, many went down 50, 60s, 70, 80%, crumbled. A lot of them stopped going down, sat around, tested and retested and tested and retested, and some started to get going to the point where new yearly highs for some of these names, even though they're still 60 and 70% below the highs of 21. But why do we bring this up and we explain this to our peep? markets lose memory of resistance, higher prices, once you get past a year because we look at one-year charts and then we look at five-year charts.

The one-year are daily bars, the five-year or weekly bars. And that's what's happening now. So you're getting yearly highs in software types of different shapes and sizes. semiconductors, different shapes and sizes. In fact, the socks today did it, yeah, hit a new yearly high after getting roughed up a little bit over a couple of weeks. Up next, we'll go through it. And whatever else, 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, specialized. 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,

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Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin, Krishna, and I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example, if anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind it. If anybody is not, using AI to make their developers who write software 30% more productive today, with the goal

of being 70% more productive. Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology. It's 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 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, 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 Instagram.

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. And welcome once again to Investor's Edge. So we're letting you know the higher beta. area of the market, definitely better. And, you know, we even mentioned the ARC funds, who we're no fan of. Anybody who has the ability to lose 80% in a fund, that's not a lot of talent, if you ask me, but she owns, Kathy Wood owns a bunch of these things that have been absolutely

destroyed, and you're in one of these moments. The ARKK, the one I use, broke above $45 on Tuesday of last week and is just acting well. Then you go to the weekly chart and you'll know it closed at 49. It hit a high of 160. 160. So 160 down to 50. Let's call it 50. That's $110 on 160.

It's still down in the 60s, but it's at a yearly high and the market is accepting it now and we're letting you know that woke up last Monday and it's gaining some teeth now. Now keep in mind we're heading for earnings season. You've got to be very judicious about when earnings are coming because I got news via. No one is Karnack the magnificent. There's no way of knowing who's going to blow up, who's not. Who's going to report what, who's not? We'll see what comes of it. We have certain rules. We'll trade, but not invest anything within a couple of weeks.

In other words, if something reports in 10 days and something really breaks out nicely, potentially we're going to buy it. But knowing we're going to have to make a decision sooner rather than later. But just good action there. Good action. I want to bring up some things. Apple, and that's the big guy. It's okay, I see the big guy, right?

Anyway, the big guy or big gal, how's that? Anyway, I've got four downgrades in the last four weeks. And full disclosure, we own a good piece. Four downgrades by the, the big brokerages. Business isn't good. China this, China that. There's people, you know, I tell you on Twitter,

there are certain things I follow and get pushed to me, so I know what people are thinking. Just nothing but bearish on Apple. All I know is it's rode the rails of quite the nice uptrend, and that's all we're doing. If we started listening to the talk versus listening to price and pattern, we would have been out, which tells us maybe there's something good going on that nobody knows about. We'll see.

Or maybe we're in another bubble, beats the hell out of me. We'll take another bubble. But we just want to let you know just the tone pretty good. And I was on Friday, I was very wary of the reversal to the downside. In an uptrend, of course. But good day today. and as I look at my screens, good day for the semis. Good day for the software. Good day for a bunch of the financials. Remember, J.P. Morgan reversed down on its earnings report Friday, right back up $3.50 today.

And by the way, $3.50 for a J.P. Morgan's a big move. So financial's not bad. There was some things down today. There was some things that pulled back, but no biggie. Not a biggie at all. just overall tone and we'll add that the solar stocks woke up today I don't know what that means and how far it goes we'll see areas that are by the way I have to bring up Disney

Disney stock was down another $3 today and it's a big wow Disney's within a point of the yearly low back in December unbelievable and I got newsfea the low in COVID was 79 bucks Disney's 85

just so you know what's happening with Disney losing a ton of money on their films. I was reading the story. I'm not making a comment on this or an opinion. I was just reading the story. They did a new, was it a remake of Snow White and the Seven Dwarfs? They're doing a remake. And they're just remaking the Seven Dwarfs.

They're no longer Seven Dwarfs. Because they want to be, you know, well you know what the words are I want to get into it but I'm just thinking to myself are they going too far are companies going too far in

I don't know if the words making nice nice with everybody that's complaining and again we're not taking a stance here we're just telling you what's going on you know but the Bud Light thing they lost a lot of money finally Charles Barkley

came out and ripped people that were protesting, but welcome to the world. There's just so much of that going on at this juncture. Anyway, Disney's just in the crosshairs. They've already telegraphed.

Prices got too aggressive. We're here in the parks. The lines aren't very big. If I don't go up to New York this weekend for my parents, we're going to go check out the parks and see if that's correct, because we want to get a good feel for these things. But boy, oh, boy.

And now they brought back Bob Eiger. We'll see how it plays out. Just letting you know, Disney, brutal bear market. We never own bare market stocks here. We only own stocks in uptrends and in bullish phases. And it's just stunning to watch this great brand name get in trouble. Well, you know what I mean. Stock price performance, a horror show.

And on a daylight today, that was institution selling. Average daily volume, $14 million. They did $32 million today. Did I see any news? I don't think so. And then there's the streaming side. Big competition for streaming. Huge.

And they're out of the box. They were huge. And right now, trouble. Anyway, just letting you know. another area I just noticed this is so bearish Verizon AT&T

unbelievably bearish New yearly lows for both stocks the latest is the cable thing lead in cables I don't know if that's doing it but man oh man very simple as we told you here

many a time if you're able to avoid bare markets. By the way, Verizon was downgraded today. If you're able to avoid bare markets, you're so way ahead of the game. We've been able to. And we'll keep you on notice what's in bear markets. Up next, the numbers, news 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 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, 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 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. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions

you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health, with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat,

and it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that, generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication.

And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script. A podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. 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-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. America is talking.

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. And welcome once again to Investors Edge.

Real quickly, there may be a third party push for the presidential election, ladies and gentlemen. If that's the case, that's going to affect. the Dem side. Just letting you know. And just remember, people can talk blue in the face. It's going to come down to a few states. As always. Going to get interesting. We're going to leave it alone for this today. We'll whine and complain about some of it tomorrow. The market wrap brought to you by investment dash models.com. That's Jim Rohrabak, 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. dash models.com. Dowd up 76. Again, in the Dow, Disney down three. Verizon down two and a half.

On the upside, Apple three and change. American Express 2 looks like that's about to break out Caterpillar on the strong side. J.P. Morgan up 360. United Health still bouncing off of earnings after They're getting trashed up 390 travelers bounced. S&P 17, but here we go. NASDAQ 131, NASDAQ 100, 147, and the semiconductors up 86, which is a big number. There's your story. That remains your story.

Oil prices down. Oils were okay today, no big deal. Crypto came in. Getting a lot of emails on crypto. And interesting enough, nobody's been a wise ass. you know what I mean by that Gary you always talking down crypto do you see

what it's doing I used to get things like that but people realize we pretty much nailed the whole thing we had one thought process 90% of the coins would drop 90% or more with Moscona zero they came out with 23,000 of them at least 90% are zero

and a few remain and the two ones that are Well, Bitcoin won, Ethereum less so. And where it stops, we don't know. I call them trading vehicles. That's what they are at this point. There's nothing behind them.

I don't care what anybody tells you. There's nothing behind them. They used to give the excuse, well, it's going to be accepted as currency. And then people would accept it as currency and watch it drop 20% in a week and lose all their profits plus. So just letting you know, it's a trading vehicle. we'll talk about the technical condition and then they're the companies that trade the vehicles like Coinbase

and then there's like a micro strategy that all it does now is own Bitcoin and there are a few others out there just be careful am I surprised that they've gone up again I think they're market related market's done better they're moving up but just leave no doubt it's a trading vehicle

when I watch somebody on TV tell you oh it's a go screw there's nothing to it. It's just the trading vehicle. And that's fine and dandy. Trading vehicle it is. We'll let you know if the technical condition changes and it heads down. But right now it's in a bull phase.

And some of the secondary stuff is going good. M-A-R-A, that's a symbol that loses a ton of money. Be careful. R-I-O-T, they are extended here and we'll pull back. But just let you know. Just overall, I don't have much to complain about. In fact, all I try to do every day, setups. I'm always looking for setups.

Always looking for setups. And there's a lot now. That doesn't mean they work. Doesn't mean they work. but when you see a lot of setups, which just means ready to move higher, it usually means good things for the market. We'll see how it goes. Bond market cooperating. All the talk is another Fed meeting coming up doesn't matter.

Remember, last June we told you inflation topped. That's all. Because the Fed stopped printing. Printing money caused the inflation. And now the Fed's rate. rates a little bit more, but the 10-year yields is at 3.797, and that's what matters most. The Fed is going to go to almost 6%, which is good for your money markets. Now, is there a point where they're going to cause damage?

I think there's that chance, if they go too far, but right now not happening. And the most questions I get right now is, how is the market doing this? Don't know. and is it troublesome? No. Do you know why? Because if it decides the top out, we'll know it. But the technical condition has been getting better

and more and more names better, more and more new highs better, and if things change, we'll let you know. And that is on a index basis, country basis, sector basis, stock basis. And I purposely came out with talk about Verizon, AT&T, Disney today just to let you know and by the way there's been some horrible earnings reactions also in something like a state street bank blasted we're letting you know that target still acts horribly

by the way targets near a new yearly low also so we do want you to recognize there's some not so good stuff and if the good turns into bad we'll be yelping but good day. We'll see what tomorrow brings. And as we've stated, lots of earnings. Tomorrow, before the open, Bank America, Bank of New York, Charles Schwab, Morgan Stanley, PNC Bank, synchrony financials, a bunch of financials there. Lockheed Martin, Defense Company, Novartis, drugs. After the closed J.B. Hunt, trucker, Omnicom. I think they're the biggest advertising. agency in the world and then a bunch of others through the rest of the week including Wednesday after the closed Tesla by the way Tesla's estimates are to be pretty down

earnings wise year over year I believe Netflix is somewhere in here yeah Netflix is Wednesday after the close also and their earnings are going to be guidance is to be down they'll probably beat and Of course, the new thing going on right now is no longer can you share with family, the password, and that's got to help to a certain extent. They've already announced that's helped to a certain extent. Yay. And somehow I ended up paying for every streaming service on my credit cards. How does that happen?

My good sons. What can I tell you? All right. Let's hope this market continues. I've been getting so many emails on so many different things. We answer just about all of them as long as there's questions. If there's statements every now and then we don't. Just know, weight of the evidence, and don't forget the semiconductors.

As we have stated a thousand times, follow them. They are of importance. In the news, huh, you know, I. wind and complain about education departments, police forces, laws on the books. Do you know Michigan residents now could be charged with a felony face up to five years in prison and get a $10,000 fine for using the wrong pronouns under a new unconstitutional bill? The Michigan House has approved a hate speech bill that would criminalize causing someone to feel threatened by words if you use the wrong pronoun. No, not kidding. You would think I'm on the comedy channel now making this up. It's unbelievable.

Imagine if you innocently, innocently, Michigan. Up next, more news of the day. Probably more things to complain about. This is the one only investors edge. Hello, hello, I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business?

My one advice to 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. Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept

that there's a different way to do things. to listen to the full conversation, visit IBM.com slash smart talks. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy.

And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. 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 of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, or Ida, 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! In The Gester's Edge. With Gary Culpa.

And welcome once again to Investors Edge. Thanks for being with us today. Had a couple of back episodes in the last couple of weeks. Darn it. It's still around. I'm getting a little used to it and I'm taking care of it. I want to mention this again. Hope you don't mind because I've always stunned about scams and shams and stuff like that.

I think I did this before in case you missed it. A man was sentenced in a $9 million cow manure Ponzi scheme. Raymond Brewer deforeted investors by falsely telling them he was building machines that convert cow manure into bio gas. That was a new one. People gave him $8.75 million. And you know what's amazing about these scam artists? They're so stupid. They automatically go out and buy Ferraris and take trips to Italy and buy a big house.

And they end up getting caught so easily. Cow manure. You couldn't figure that one out. In the news, I have to mention this. I love the United Kingdom. I love the people. Love going there. They have some called the National Health Service.

It's 75 years old. It's government run. 15 hours after she was taken out of an ambulance at Queen's Hospital with chest pain's pneumonia, Mary Ann Patton was still in the emergency room waiting for a bed and a ward. For months, doctors at Queens have been forced to treat people in a corridor because of a lack of space. As the ambulance kept pulling up outside, I can go on. Government run.

And it's never going to change. Inefficient, ineffective, government run. And we're not perfect here with our health care. But it's become real government run also. And as I complained to you, I went to the hospital for one evening, got a $24,000 bill, was never checked into a room, but still got a $5,558 outpatient services. 5,76 for the emergency center. You know what my emergency center was?

I sat in a chair. I spoke to somebody for two minutes. They charged me $5766. And then when you call them up, you can't get any answers. Of the $24,000, they want me to pay $4,300. after, you know, the payments, adjustments, and discounts, insurance, and all that. And I innocently called up the hospital company, which is huge. Can you explain this?

The lady laughed. No, I really can't. Well, what's outpatient? I'm not an outpatient. You're charging me a huge amount. Well, we kind of sort of share. I go share what? charges. Oh, so I'm the fall guy and I still have no answers. And I ended up I owe 4,300. I'm not paying it. I wrote them a letter. We'll see if I get an answer back, but I think I'm not the first one. And I gladly pay what I owe, but somebody's got to explain to me, 24,000. Never even went into a room. So as I mentioned the NHS,

We got some work to do also. I thought that was of note. Also of note, you know we're going electric, right? Do you know the tires of electric vehicles produce 20% more pollution than gas equivalents? Just want to let you know. The typical electric car weighs around 1,000 pounds more than gas models. Just want to let you know. Just letting you know.

And since this is government-driven, you know, the same, government that's taken us the 33 trillion of debt going to 50 trillion, amongst other things they've done? Just letting you know. Just letting you know. A lot of things are being forgotten all in the name. Speaking of that, moving on, school board, a school board acts as advanced math class to boost equity after they attracted too many white and Asian students. students, with families now forced to hire private tutors with money out of their own pocket instead. It's a Massachusetts school district. The parents are up in arms. The school district is giving them the middle finger. Imagine you send your kids to school to learn and learn as much as they can.

and the school district axes get rid of important math classes in the name of equity. These people are insane. All you parents with your kids in the school, make sure the schools are doing the right thing. This is not the first one I have read to you. This is not the first one. We try to tell our kids reach for the stars. These school districts are telling them to reach for the sidewalk. And you know why else a lot of them are doing it?

Because they get rewards for good grades. So if the stuff isn't so hard, the grades are better. Makes them look good like they are doing a good job when they actually suck. That was in the news. Interested me. And that is your absolute unadulterated news for the day. Another good market day. Lots of bullishness.

We'll stay on top of it. have a great evening drive carefully when you get home do like i do quite simple make sure you hug your family you hug your children they will feel better you will feel better i promise have a great evening everybody same time tomorrow i'll be on with liz claimant three p m hour tomorrow fox business network don't miss it bye bye take care peace out 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. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain

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