Investor's Edge with Gary Kaltbaum - Suspect Week In Review

Episode Date: August 11, 2023

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

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Terms apply. Lounge access is subject to change. See Capital One.com for detail. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And what once again to Investors Edge, I'm Gary Coltbaum, your host. A thanks of being with us today.

Glad you here, ladies and gentlemen, happy that you are listening. It's Friday. It's August 11th. It's 2023. So happy it's Friday. As we have told you, I would work seven days a week, but right now, now, you're handsome and buffed host. Not as buffed as I was 90 days ago because I haven't worked out in 90 days.

The weekend for me is rest in the back and lay in the pool and hang out and do nothing. So we're glad it's Friday. First off, the reaction to the show yesterday. I may have to have Gilmorealis on once a week. Boy, oh boy, the amount of emails I got. Let me tell you what I like about the man most. You know, we have this line here. Whenever anything goes wrong, you're having trouble.

You're making mistakes. You screw up. Whatever it may be. We have this line, baseball games have nine innings. Gil Morales, monstrous, monstrous gains in the markets. monstrous, audited, but it's not been 100% of the time. And that's for really anybody in my business. But to be able to, both physically and psychologically, to come out of when you're not having the

greatest of times, especially in this business, to me, that's just big stuff. And he's been the same person, great, media. The ochre, not so good, down the middle. I dig that. Anyway, ladies and gentlemen, here's what we're going to do. We did a little bit of the market late in the show yesterday, but I had a lot of things I wanted to talk about also what's going on in the world that affects us. Just remember, when we rip the stuffings out of somebody in D.C.

In either of the parties, it's because they are running the show. They are voting on our future. are the people that caused inflation these are the people that caused the bubbles these are the people that crashed the bubbles these are the people that caused oh eight these are the people who took 800 billion of our money and handed it to the people in the banks and the lenders in oh eight that committed fraud and not one of them got indicted it's the type of stuff we're just getting sick and tired of so we're going to keep talking about it because it matters and now we're to the point where it's home i hate to say it's comedic because it's not and with 33 trillion of debt they've spent 30

three trillion bucks more than they were supposed to. And they make like, you know, anyway, we'll get to that in a little bit. But first, if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post on our Twitter feed. But I think it's now called X. Our X feed. Go to X. Put our name in or print the, or push the button at garyk.com.

You can email me, just be nice. No, really, just be nice. Okay, so I'm going to start with news. run it down and let's start with Maui. As you know, it's my home away from home, more than a dozen times, and more importantly, I can't begin to tell you how many times I've hung out in Lahaina. One of my favorite places, whether taking boats out from there, or eating a cheeseburger in paradise, or are the snokos?

places they have they're the greatest snow cone places that's right there or just hanging under that banyan tree or visiting the stores and the museum they have museums there and they have the greatest as I said Ron Wood from Rolling Stones used to have his art there and a great art I just fabulous place to visit it's been leveled I you know I can't even I won't even give the number of death right now because there's plenty of people missing. This is going to cost billions and billions and lots of time and our prayers are with them. The people Hawaii are some of the sweetest, nicest people you will ever meet, love where they live, and I cannot imagine what they are going

through right now. And loss of loved ones. All right. We must segue. So in case you don't know, we believe that this president and his son and the relatives are a bunch of corrupt influence peddling crooks. It's been done in plain sight. All the evidence is out there.

And you know how we know they're crooks because the media, those corrupt, I can't even use the word for them. The ones that are supposed to hold them to account, the powerful to account, are giving us the middle finger by not even reporting on it. But guess what they did today? A special counsel on Hunter Biden, but it's not a special counsel. It's a special counselor, and it's a scam. The, what's his name, Merrick Garland?

Our attorney general are number one. law officer in the country is a freaking scammer. They put the guy who just gave a sweetheart deal to Hunter Biden as special counsel, even though a special counsel has to be selected from outside the United States government. What a gargantuan scam. They're doing it because the Republicans got them by the you know what's. Excuse me. My bad. The Republicans have them by the you know what's. So again, the people running the country from top down are giving us the big gigantic, you know what finger. They're laughing at us. They're putting it out of Friday. Our attorney general is a scammer. I would say it to his face. They probably lock me up or something,

but such as life. And that's the story about that. Next. Amazing. Speaking of that, Bernie Sanders, you know, Mr. Marks has funneled 200,000 in campaign funds to his stepson's nonprofit, but don't worry, it's not illegal, it's just not ethical. See, when you steal, when you're thieves in government, it's just, it's not really ethical. We, we go to jail. On top of that, they just gave $6 billion of our tax dollars. Well, not really. They gave $6 billion of locked up Iran dollars back to Iran in order for five innocent people are being released.

We gave them $6 billion, plus some prisoners also. Go figure on that one. Next, I got a whole load here, and then we'll get into the markets. Did you know, and this one is kind of sort of on the interesting front, Italy put a windfalls profit tax on banks out of nowhere. The market cratered. They got rid of them. Isn't that interesting?

I just had to mention that because don't you remember every time the market got bent out of shape in 2019, J. Powell started announcing printing of money? Everything's the markets. Next, Joe Manchin thinking of getting out of the Democratic Party and going independent. Who gives a crap? Another scam politician signed off on a bunch of BS. You know what he says? I'm leaving the Dem Party because I was played by Joe Biden. Anybody who's played by Joe Biden?

Next. Late breaking news. And let's, I like this one. Sam Bankman freed that piece of crap from FTX. They withdrew his bail because he was kind of short of contacting and doing things with witnesses. He had to put up $250 million in bail, and I think he loses that now. They're putting him in jail. If you noticed anything, by the way, it hasn't been in the news.

You know why. Politics, the government. Do you know how many politicians gave him oodles of money? Jeffrey Epstein. Yeah, suicide. Next, New York City vending machines. I had to bring this up. New York City vending machines.

No, it's not going to have twicks. Like in the Seinfeld episode where George was at the auto dealership and the dollar got stuck in the machine. And then when the twicks came out, the twicks got stuck. No, they're putting vending machines in New York City's offering free crack pipes. Who's voting for these people? crack pipes. Yeah, sure. Up next, we'll finish out the news and then the markets. I promise. This is the one only investors end. 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 888-422-559. That's 888-4-22-5-5-9.

That's 888422-5-5-9. Investment Advisory Services offered through call-bomb capital management. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change.

See Capital One.com for details. This episode is brought to you by Sprecker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster.

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Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. We know how bad crack is. We know how addictive it is. We know how it's destroyed people.

lives but we're going to give out free crack price in vending machines in New York City. Have you ever seen more ass-backwards decision-making in your life than some of these people around the country between the $950 if you shoplift at $949, you're okay, but $950, oh, we may do something to you. So they're coming with calculators to the stores. And once they hit $9.49, oh, just to be careful, we'll make it $9.47. I know I'm okay and I'll just shoplift a hundred times in the next year and I'm going to be just fine. And they wonder why all the stores are shutting in these cities. They wonder why there's video after video in these cities where places are empty.

People are gone. They wonder why. And they never change. Next up, on the good end, do you know Apple has hit? 1 billion paid subscriptions. Do you also know that Apple apps $1 trillion in the last year? That's pretty cool. I've got to tell you.

Amazing. Amazing. What else? Demand for bank loans. Demand for bank loans in the corporate sector just fell to their lowest since 2008. There's nearly half as much demand as what we saw in 2020 when the economy was completely locked down. I'm just reporting the news. I don't mean to harsh your buzz.

I'm just telling you what the hell is going on. Next, fast food customers are giving up on dining in. Do you know that fast food customers now are like dining in is like 10, 20 percent? Have you noticed that? You know, here on Lake Mary Boulevard in central Florida, they have this double-driving chick-fil-a, and it's always packed, and there's never anybody inside. Every now and then a few people. It's just the drive-thru, and they're gone. I didn't even realize that. I wanted to bring that up just in case you didn't know that. Next, some dude sold over $1 billion in unregistered crypto and stole 12 million from investors to fund.

It's always the luxurious lifestyle. You ever notice these creeps, the thieves? They can't go out and buy like a Honda Accord. They go out and buy Ferraris and Maseratis just so they can get noticed so they get arrested. Anyway, dudes, be smart. Okay? I need you to be smart. Stop buying weird stuff from weird people. And do you know why they do it?

Because they get away with it. And what I mean by that is some are eventually caught, but others aren't. And it's just stunning. Stunning. Smart people fall for this crap. crypto from somebody. Yes, you're right. Here's a good news story.

Interesting. And let's hope. Breast cancer vaccine could eliminate form of the disease by 2030. Fifteen women who survived aggressive tumors are still in remission years after receiving an experimental shot. And doctors now believe a cure is in sight. Man, would that be good news? how to go with that one. I've got to give you some good news, right?

Because I'm about to go the other way. U.S. mortgage rates have now spiked to the highest since November and approach a 22-year high. Yay. Total U.S. credit card debt has crossed over $1 trillion for the first time, rising 16% over the last year. That is a record. Our wonderful, Joe Biden, the man who stands in front of a Cameron, says, I lowered the deficit $1.7 trillion. This year in the first 10 months, the deficit is $1.62 trillion, a record for a whole year,

let alone two months, notwithstanding the COVID. Boy, I love liars. For the first time in history, the U.S. is set to cross over 600 million credit cards, accounts. That's not good. The U.S. has spent an alarming $6.7 trillion over the last 12 months. 6.7 trillion. I just want to let you know in the year 2000 we spent $1.8 trillion. Boy, are they getting us.

Average interest rate on credit card debt has gone from 14 to 21% in the last year. The average interest rates overall on credit cards is 25%. Use cars 14%, new cars 9%. Rivien, I forgot to mention this the other day. I didn't give you a number. so you know, Rivian, sales are skyrocketing. They're losing $94,541 for every vehicle that they delivered in quarter to of 2023. But in 2002, they only lost $383,000 on every delivered car. That's not a typo. Office buildings are down nearly 30% over the last year alone. Apartment's

down 15%. The interest expense on U.S. public debt rose to $857 billion over the past year. me add that means it's not going to the elderly or the downtron or the infirm or the children or the roads or the bridges or the grid it's going towards interest brought to you by the republicans and the marxist party anything else i need to cover have i depressed you uh i think that's enough for today and i the big story is in plain sight they put up the guy who let Hunter Biden offers the special counsel, and we're supposed to sit here and take it. And here's the thing. We do.

The only good news the Republicans are really P-Oed, and they do have all the committees in the House, and this just fired them up even more. The Biden corruption in that family is only second to the Clintons. And Jared Kushner. but he did it well he was already gone he got two billion dollars from the Saudis after cutting a deal sending them all kinds of weaponry way to go jared and i think he's got like a 40 million dollar house in miami somewhere him and ivanka remember this crap is not limited to one side they are all getting flush on our arses. Massive debt, massive deficits.

It's not even ethically challenged. It's crimes that we would go to jail for. The insider trading that is being done by these people in D.C. Makes Madoff look like a piker. And Martha Stewart and the rest. Up next, we'll do the market wrap. This is the one only investors. This message is brought to you by the Capital One VentureX card.

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This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing.

Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual. Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.

Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. We're listening to... 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's highly recommended. You're going to feel better if you talk to him.

I just covered a lot. And welcome once again to Investors Edge. Thanks for being with us today. It's Friday. Yay. I want you to listen carefully. We're going to do the market wrap, but a few things are sticking out like a sore thumb.

I hope you've been listening because the things we've been telling you and warning you about, ladies and gentlemen, a little bit worsening today. and the wrong areas were on the strong side today the wrong areas what do you mean by that gary well we'll explain the market wrap brought to you by investment dash models dot com that's jim roerback one of the great market timers no gray areas with the man you're either in or out of the market was proprietary indicators go check it out investment dash models dot com this is what we mean by the wrong areas the dow was up 105 the nasdaq was down 76 and the nasdaq was down 76 and the nasdaq was down 100 and the socks the semiconductors the most important area of the market down 82 not only did it break the

big 50-day moving average not today didn't even break it yesterday it broke it two days ago and just followed through even more and you know we picked these things apart and when we scan the semis we scan about 7580 names and we've been quite amazed how the semiconductor index was holding up so well but so many names went by the wayside which means some of the important names were holding up best you know what names were holding up best well one's invidia and video broke the 50 day on wednesday didn't do much yesterday oh dropped 15 today and cleanly below the 50 day and and by the way that's a place where the market gets defended. Volume patterns really negative.

And then there's Broadcom, AVGO, part of the AI thing of Bob. It broke on Wednesday, kept going lower yesterday and down another 13 today. But the things that really held up were the equipment makers. These are the ones where if somebody announces strong cap X, which is capital expenditures, they will go up. If somebody goes the other way, they will go down. Well, they came out with crappy numbers, at least KLA and even worse, lamb research, and they gapped up.

Like, what the heck's going on here? Lamb Research, 30% dropping earnings, 30% dropping sales. It's gaping up. What's going on? Well, they had held up great. You ready? Applied Materials today was down, and it's only $138 stock, down almost six. And guess what it broke today?

that is correct KLA 10 core what to do today down 17 and that's a $480 stock did not break the 50

day because it was nicely perched above but it's topping here and Lamb Research which I think is more important than the others down 34 today 5% on heavier volume so now you're losing

them so that's not good news Semis have led markets up and down. That said, you can still have areas of strength while the semis croak. Just know, as we told you in the last couple weeks, we got out of the tech. The last thing we sold was Apple. We sold half before earnings, half after, with profits. And it was another rough day for tech overall, mostly the semis.

But enough. And as you know, a lot of cracks in the software stocks. the last two weeks and not just cracks blowups let me add another thing about today so China everybody's now worried about deflation with China their their growth stories really kind of looks like the Mets season right now anyway we look at the FXI we look at the KWEB these exchange traded funds and we look at the CWEB, oh, they're top and bad again. And the stocks that trade here today, well, bydo today was down six bucks, breaking the 50, pretty good.

Alibaba had some decent reaction to earnings, didn't finish great yesterday. Oh, it gave it all back today and more. And I can go on, so China not so good. Now, the Dow, though, I think 25 stocks were up, five down. Dow acts okay. Here is the potential problem. Notice the word potential. When the Dow outperforms,

it's usually presaging trouble overall because that means money's flowing into the most liquid, boring names and de-risking. And of course, you know where the derisking usually is? In technology, in growth and the like. Simple as that. So the Dow.

What else remains? very strong relatively the oils. Why? We just went from 68 to 82 and a half bucks on oil prices. That remains strong. Some commodity names strong, not all, the coal stocks, not all. Financials, not giving much trouble here, a few names are. I can tell you, Citigroup acts like crap. Blackstone just topped out. Black Rock probably did also. Wells Fargo acts terribly. but overall they're like hanging in there I'm noticing auto dealers they're starting to stick their neck up

we'll see what happens this week symbols GPI LAD P-A-G alphabet soup transports they really have not done much wrong except the airlines they're just pulling back from being extended the airlines are toast right now

and some have just absolutely created but what happens us most we hate seeing the semis gagging and of course we've seen other things Apple's below the 50 day Microsoft's below the 50 day Netflix I think fell below today Tesla's below the 50 day what's holding up well and we're staying on focused on them haven't bought them but we're watching them Amazon Google Facebook can't get over the name is meta and we're watching

those stocks that had great reactions to earnings and are hanging in there. And that's why we keep that list and we keep them on a separate part of the screen. And some have gone by the wayside, but others are just sitting. And some are actually moving. So we're going to be watching things like CELH. That's that Celsius. Booking Holdings, Elf, Macado Libre, but they just lost their CFO or something like that.

Berkshire Hathaway, Warren Buffet, and a few others. McKesson. Regeneron Pharmaceuticals, good reaction to earnings. So we'll be watching those. Why? Because quite often, when the market's ripe, the ones with the best reactions will have the best relative strength for a time going forward. Right now, though, it's not very much smooth sailing right this second.

Keep in mind, the Dow still looks fine. Keep in mind, the S&P today is only down, what, 46, 140, it's not even down 4%. NASDAQ's a little bit more. But underneath the surface, we'll just give you an idea. New yearly highs on the NASDAQ, 49, new yearly lows, 52. And by the way, of that 49, a bunch are not operating. On the New York, there are hardly any new yearly highs. Not many new yearly lows, but hardly any new yearly highs, which means we're

losing leadership. Can it adjust itself? Sure. There's a couple of things going on right now, oil prices, and the 10-year yield is now 4.168. What I tell you about mortgage rates? 21-year high. You know why housing prices remaining okay? Because nobody's selling them. Lowest inventory, I think, on record. Why? Because the guy who distorted everything. Jay Powell. Everybody's got two and three quarters and three percent mortgages. You change into another home right now. You're going seven and a quarter, seven and a half. Who wants to do that? So there's a clear lack of selling. another distortion of course brought to you by one man up next we'll take you into the weekend more on the markets i'm gary this is the one only investors edge this message is brought to you by the

capital one venture x card venture x offers the premium benefits you expect like a three hundred dollar annual capital one travel credit for less than you expect elevate your earn with unlimited double miles on every purchase bringing you one step closer to your next dream destination Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details.

This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing.

Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. the Capital One Venture X card.

What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! Investors Edge. With Gary Culpa. And welcome once again to Investor's Edge. We got another inflation number out this morning, a little bit hotter than expected, but I don't even want. I don't even watch it.

I'm watching the 10-year yield. The most important thing you can watch right now is that 10-year yield. If it keeps going up, it is going to be a headwind. And it's on its way up again to account for. I wouldn't call it inflation bottoming, but hitting a place where it's not going lower. And the numbers that have just come out

are not accounting for yet oil prices. You see what you're paying at the pump, right? Every dime over a one-year period at the pump, billions and billions of dollars out of the pockets of consumers, businesses, drivers, and the cost to make a ton of stuff. The cost to make a ton of stuff. Go Google the words. What products, are made with petroleum in them. A bazillion of them. That means when people who make the tires, make the tires and use petroleum,

they're going to be paying more for that petroleum. And guess what they do on the price of the tires? They attempt to raise the price. And when they raise the price to you, that's the definition of inflation. Simple as that. And I really do believe when I hear

I hear so many pundits the Fed this and the Fed that and can the Fed engineer a soft landing since when is one man in his whims the economy when he was printing to $9 trillion bucks he can move markets he can't move the economy

it's 150, 160 million of us that work our tails off every day to do better for ourselves and our families. It's companies trying to grow. It's medical outfits trying to come up with new wonder drugs. It's technology companies trying to come up with new things that enhance productivity. One man printing money.

Give me a break. And every time, and they do it all the time, will the Fed engineer this and that? This guy couldn't start a car. He's got his driver do that. And just remember, they used to predict things. And they were wrong 100 out of 100 times. So now they change the terminology to where data dependent. So you meet to tell me, me, Gary Kulp, I'm a moron,

seize things that they don't. And they have a thousand analysts running around the country, telling them what's going on. and they wait till the numbers come in? It's so sad. It's so sad. And then as we started the show with some numbers for you, that's what's even sadder.

And it's on so many levels. I've got friends in San Fran. They're telling me, can't believe what's going on here. Yet CNN had Nancy Pelosi on for an interview. It's her district. Do you think they asked her what's going on? on with San Francisco? No, they asked her about Trump. Don't worry that she has a district in this

country, that she's one of 435, and she should be accountable for that. Why would I ask her a question about it? Of course, the reason they don't is because they will not get the next interview. Nancy will be mad. And that's what we mean by not holding. the powerful to account and screwing the victims. And you know who that is? The citizens of San Francisco. And Oakland. People are being interviewed that's saying they won't even go outside at night in Oakland.

They're so worried. The carjackings. The robberies, you name it. And we can talk else, but you get where I'm coming from. the arse backwards thought process and legislation in some of these places is beyond the beyond. And yet, and what's AOC on purpose got Amazon to not build a center that were brought in high-paying jobs to Long Island City. and she was applauded and she was happy and she took victory laps. It cost, who knows, hundreds of millions of dollars of economic activity there.

And I think she got 80% of the vote. I weep that people just look at a D and say okay, look at an R and say okay, and don't look at what these people are doing. And don't look at what these people are doing. you stop a company from coming in and creating a ton of jobs paying 120,000 a year, Amazon, and you get applauded and voted back in with 70, 80%. What can I tell you? It all comes down to people are just leading their lives.

They have tunnel vision. And it's like, I hate to say cult following in politics now. And they're forgetting that they're all killing us. And those numbers I read to you earlier, it was all of them. I wish I can say it wasn't. Every single one of them. And we have the worst of them all still in the White House. Did I harsh your buzz?

You all have a great weekend drive carefully. When you get home, do like we do. It's quite simple. Make sure you hug your family. Make sure you hug your children. will feel better, you will feel better. We are honored and privileged that you would even listen to us. Thanks for joining. Monday, I'll be on Fox Business 2 p.m. And same time, this show. Have a great one, everybody. Take care. Bye-bye. This has been Investor's 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. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.