Investor's Edge with Gary Kaltbaum - Taking on Bidenomics

Episode Date: June 28, 2023

Follow Gary on GaryK.com or http://garykaltbaum.com

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Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host day. Thanks of being with us today. Glad you here, ladies and gentlemen. Happy that you are listening.

It is Wednesday, June 28th, 2003. Hope you having a good day. my back update I had a real good flare up last night first time in 12 days went for riding the car got out boom and just so you know how it works because you're all the amount of emails I got from you guys and gals you all get the same thing it starts as a little cramp and then boom shoot the knife and at that point in time you really can't even stand up straight I have have to press into it and it feels like I have a big bruise in the back and then I slowly

edge upwards, slowly edge upwards and then I got to walk it out for 10 to 15 minutes. That's what I got going. The good news is really no issues today except it feels a little sore today from whatever happened yesterday. So it continues. My great doctor swears it's not a disc, swears it's not a nerve. He swears it is spasms from being the most inflexible human being on earth and I've got to get flexibility in me. I've got one of these, one of these massage guns. I was doing my glutes for 20 minutes today, the lower back today. I do my pecks, the whole works, and I got the physical therapy. I'm doing everything. I hate pills. I hate medicine. I try to stay away from it.

But in the last few weeks, I did a little dose of the steroids, which were the worst. They were the best and they were the worst. Do you know what I mean by that? And I think a couple of nights I took this flexerol, which, holy crap. You know when they talk about side effects? First, cotton mouth. Seriously, they say right there, that's what you get. And boom, I got it.

And number two, boy, you can sleep. I had a good night sleep last night. I think that's the second time I took it. I just decided what the heck. But today a good day. And I sat down a few times, got up, no issues. So hopefully I keep doing what I'm doing. I'm getting more flexible and eventually it gets the hell out of here.

Because as you know, today's Wednesday and I'm supposed to go to Wimbledon Friday and I'm not. All right. Segway. Hey, President Biden today was out telling us. about Bidenomics. Now in a little while we'll do the markets. We'll talk about the markets. We'll talk about what's leading, what's lagging, all that fun stuff. But hey, we need to talk Bidenomics because Joe Biden was out today lying his little tushy off and with a straight face and with the media saying hear no evil, see no evil, speak no evil. What's interesting

about this, and I must bring it up, the two people, the chalk for the next presidential election is Joe Biden, liar-in-chief, and Donald Trump, past liar-in-chief, who, guess what he did today to cover his little tushy? He admitted to lying. Now, we all know he's a liar. I mean, it's so easy to know he's a liar. I mean, he practically tells you that it's sunny out, and you look outside, and it's raining. So in case you don't know, he's been indicted on some things, and in case you don't know, they have tapes of certain things he has said. And in case you don't know, there's one of these tapes, which, by the way, he wasn't even charged on of him talking to somebody and saying, look at these papers right here and blah, blah, blah, in there are secret documents of going into Iran and all that stuff.

And they're not classified. I didn't, could have clapped. Anyway, he now says he was lying. to whoever he was talking to. There was nothing on those papers. It was just bluster. So the big liar-in-chief, the past liar-in-chief, now admits he's lying about something he was lying about.

Guess what? And these are the two people who are going to be the chalk for the next president, for the next four years, liars. But of course, the Biden lovers love Biden no matter what he does. It doesn't matter. Do you know if they found out today that $20 million from Hunter Biden

would into a Swiss bank account to Joe Biden, And it's been proof positive. Joe Biden took 8 million of those dollars. And it was from governments that they were actually talking to or doing business with or shook down, just like in the text from Hunter Biden. You know what the Biden lovers would say about that? No big deal. And guess what? It doesn't matter what Donald Trump does.

The Trump lovers? I never have understood the love of politicians. The absolute love. I remember when Hillary was running the primary People were crying to They were so happy for her When she lost people were crying They were so sad for her

Look what they did When Donald Trump lost the last election They went to the Capitol Do you know a bunch of people Are going to jail from 5 to 20 years For what they did? You can agree You disagree

They were all morons Anyway But they went there for Donald Trump And I'm thinking of myself Why? He's just a politician But anyway, I digress. I guess it's the, I don't know where it all comes from.

But back to my point. So Joe Biden went on the stump today and lied to the American public with a straight face. And you know what we're here to do. We're here to tell you the facts. Not opinion. We're here to tell you the facts. And why? Gary, it's Investor's Edge.

We want to know how to make money, make sure how to not to lose money. Well, these people from Biden to Trump to Obama to Bush, to the people of them before him are going to crush in the future but you don't know it do you know why you don't know it because we wake up every day just trying to do better for ourselves and our families upward mobility become stronger better wealthier that's what we're all trying to do and that's what we have to concentrate on so what all these miserable corrupt DC idiots are hoping is that we're not paying too much attention but we do that's our job we have to pay attention. Why? Because it is everything to do with you and your money, and I keep

hearing some certain people say, well, you said it's 20 trillion trouble, 25, but it's now 30. Well, what do you think happens when you as an individual go into $10,000 hawk on a credit card and somehow another credit card comes with 15,000 and you pay off the 10, and then another one comes for 25,000, you pay off the fifth, and on and on and on. But what if you have the ability to print that money. What if you had that ability, just continue more debt just to pay off the last debt? Well, welcome to our government. The great con game continues, and it gets worse and worse and worse.

And Donald Trump is now telling us, oh, what he's going to do about the debt and deficits if he was elected again? He's lying. He's not going to do anything about the debt and deficits. Do you know how we know? Because he said it the last time. The boy who cried, Wolf, you got to understand that. What's the mother's milk of these politicians? Our money.

And if they don't have enough of it, the debt and the deficits. Trump was like $5 trillion and not including COVID in debt and deficits. And he said he'd come right in and would be easy because he's the greatest negotiator of all time, the art of the deal. Biden doesn't even pretend. He just lies about it. He just lies about it. And where we are now, let's talk hard dollars for a second. In the next couple of years, our first trillion, our money, remember, our money that they are supposed to be so protective of, our money that they're supposed to do the right thing with, one trillion of those tax dollars, the first trillion are not going to go towards the roads and the bridges and the streets and the airports.

They're not going to go through the indigent. They're not going to go to the elderly. It's not going to go for children at need. It's not going to go for squat. It's going to go towards interest on the debt that they have erupted over the years. Imagine the first trillion of our hard-earned dollars. Nothing. A black hole of interest because of how much debt they have incurred through the years.

A lot of it, tons of it. Waste, fraud, corruption, payoffs, lobbyists, you name it. And that's why we do this, because I have two sons, much younger than me, of course. And they're going to have kids. And the others are going to have kids. And these people are just crushing the future. Hard dollars, the first trillion to nothing. Our whole federal budget in the year 2000 was 1.8 trillion.

Those are hard dollars. Do you know what a trillion can do for the homeless and the poverty and the kids that need food? A trillion bucks. This is yearly, by the way. Yet they sit there up there. You know, look what I've done, binaomics and then you know, they don't give them. Yeah, they don't give a crap. All they care about is growing their business,

which means our business heads lower. Up next, the facts. 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 massive.

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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, 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 stomach

cake 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. Here 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 IHeart Radio. Listen now wherever you get your podcasts. 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. Okay. Joe Biden, liar-in-chief, says that he cut the deficit by $1.7 trillion. Big, fat, juicy lie. Even the Washington Post, you know, they put out these, what do they call them the, I forgot the word, when somebody lies, whatever it is, Washington Post, the bastion of loving, of people like Biden called them a liar. That was all COVID.

So that's a big, fat, juicy lie. That's number one. Number two, he said he's cutting spending going forward. Joe Biden's spending is monstrously growing to the point where you know all that extra spending? Do you know all that extra spending because of COVID? Do you know all that extra spending because of COVID, where we had to raise federal spending from $4.4 trillion to $6.5 trillion because of COVID? Next year's budget's going to be $6.5 trillion. By the way, that's the estimate.

Add 10%. He lied. He said he's created 13.4 million jobs since he became president. It's a lie. He said Donald Trump lost a bunch of jobs. It's a lie. He includes COVID. And he also tweets it out like there's no tomorrow with graphs.

And it shows Donald Trump lost jobs in his four years as president. It's a lie. It shows that he created $13 trillion. It's a lie. First off, that's a couple of things. Number one, no president creates jobs. you got that all the president can do is set conditions for jobs you know who creates jobs you and i remember you know who the economy is it ain't them it's us he only lied to the tune of

i'm going to be nice 3.6 million jobs excuse me 9.8 million jobs what he did was you know when COVID hit, all those jobs were lost. And when COVID went away, all those jobs came back. He takes away all those jobs from Donald Trump and hands it to himself. Again, a big fat lie. Oh, but Gary's a politician. Screw him. I'm sick of politicians that just blatantly lie with a straight face. Look on you straight in the face. And I saw one of his minions on TV today. I wanted to kick the TV in. for covering up the lie. What else is Bidenomics? Oh, the usual.

You know the usual of the socialist, right? And Marxist would be more apropos. They hate wealth and success. Do you watch him? There's not a day that goes by that he does not call people who make over 400,000 a year. I don't know we came out with that number. Oh, tax cheats. Oh, we're going to get you.

We're going to go get you. There's not a day that goes by. He brutally blasts big business. You ingrates. He'll take a bazillion dollars for his campaign from the big businesses, but he blasts him every day. Why would that be? Well, it's simple.

Wealth and success do not need socialists and Marxists. The need of what socialists and Marxists are people that need help, and they're great at praying on them. Socialists and Marxists never use the words upward mobility. Never use the word success. Hard work. Educate yourself. Sweat, toil, hours, failure.

All the things need to become great at something. Never do they mention that. What do they mention? Oh, if you vote for us, we're going to make sure you don't have to pay your bills. Oh, you owe how much on your student loans? Oh, we're going to cover that. Of course, they don't cover it. It's the taxpayer who covers it because that's what they use.

That's Joe Biden. That's all we hear from him. What they're going to do for you, don't do anything. Don't worry. We'll take care of you. You see, President Kalpom would be yelling and screaming every day, 24 hours a day. Be great. Educate yourself.

Work hard. Become the best you can be at anything you want to be. You don't have to be a jack of all trades. Find something you love. Be the best at it. Market at it. Be the go-to person at it. To where people want you to listen to you on radio and TV every day.

Nope. Not in binomics. Not a word. But a word if you make over $400,000, the IRS is coming after you. You hear what they say. Oh, don't worry. The IRS isn't going to come after you if you make less than $400,000. Only if you make over $400,000.

Really? So the people who are the most successful, and by the way, we don't use money as success, but usually when you make more, you're doing something right, in the world of business, unless you're crooked, of course. But don't you dare make over that because we're coming to get you, Bidenomics. He sat there today and lied to the public today on two of the most important numbers.

Jobs, debt and deficits, hand in hand, debt and deficits. Spending. He said he's cutting spending. Well, last I looked, maybe I'm crazy. but going from 4.4 trillion the year before COVID to mid-sixes is not cutting spending. You know, it's like an alcoholic who drinks 20 drinks a day, say I'm going to 10. Look how good I am. And there's your Bidnomics.

The best news I can give you, the other party has the house. so there's going to be no more of binomics unless he starts doing executive orders and who knows what that's going to be. Bidomics. Lyer in chief. Coming off of a liar in chief. Coming off a liar. Barack Obama. Hey, Obamacare, your premiums are going down.

So what you do right now on that is I want you to go. to your computer, click on, that's my music. Up next, we'll finish it up. Then the markets. I'm Gary. This is the one to only invest his age. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of quantum computing. 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. 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 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 stomachache 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 IHeart Radio.

Listen now wherever you get your podcasts. This is Sarah Spain from Good Game with Sarah Spain, brought to you in part by Vital Farms. Let's talk eggs. Vital Farms pasture-raised eggs, to be exact. My favorites, the only kind I've got in my fridge. No joke. And here's why. These aren't your average eggs.

The hens live on open pastures with fresh air and sunshine all year long. They forage on local grasses and stretch their wings. They're living their best life. That care really shows in the taste. I love mine scrambled with a little butter or whipped up into a fancy frittata. And here's something most people don't know. You can trace your eggs back to the farm they came from. Seriously, side of the carton, you'll find the farm name.

Type it in at VitalFarms.com slash farm, and you'll get a 360-degree peak at the pasture. Plus, Vital Farms is a certified B corporation, which means the They're committed to improving the lives of people, animals, and the planet through food. Eggs you could feel good about. So next time you're in the store, look for the black carton in the egg aisle, and visit VitalFarms.com to learn more. Vital Farms. Good eggs.

No shortcuts. You'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 Coltbaum.

It comes highly recommended. You're going to feel better if you're. talk to him. So, going back to Obama, we were told, oh, don't worry, we're going to put millions onto health insurance and pre-existing conditions. Nah, going away. And he told us that our premium is going to come down. Yet one of his main architects, Jonathan Gruber, said the stupidity of the American voter enabled us to lie about Obamacare. How's your premium since the then. By the way, Jonathan Gruber is now a professor at Massachusetts Institute of Technology. It did not matter to MIT that this guy's a lion's sack of crap and lied to the whole American public about a monstrous, monstrous healthcare policy.

Oh, we're going to hire you. And it's on video, and they still hired them. Don't you love this world? Think about it. Lied to the. American public on one of the biggest, costliest program in history. And it's on video. And he said it twice. Oh, we're still going to hire you. And of course, the Wall Street in D.C. You remember, 08?

Wall Street, all the big machas committed fraud up and down all around. The rating services committed fraud. I can go on and on. Goldman Sachs created mortgage-backed securities that they said was pieces of you know what, and then sold it and then shorted it. And no trouble. But the regulators just came out with a new law. You can't do that anymore.

And you wonder why we're so worried. Not about us. Them. The institution of our government is screwed. It is nothing but a. cesspool of back and forth between educators and Wall Street and D.C. and money. Remember campaign finance reform? Do you remember that? They did campaign finance reform and now there's more money than ever. They lied. The con. Just like the debt and deficits. This deficit stealing,

a con. So we worry. Because now we have a guy that's been there 50 years and he's been part of all this. And now he's front and center. What is he doing? He's standing in front of the country today and just lied. Lied. And the media won't ask, but wait a minute, hold on. You said we're going to have one and a half of two trillion of deficits this year on your budget. You said you're cutting spending?

No, it's going up over 50% from the year before COVID. What gives? Why are you lying? They can't do that because they'll lose their place. They'll never get another interview. So the media, look what they did to Donald Trump. Look what they don't do to Hunter Biden. The latest.

It has come out that the head of the attorney general has lied about Hunter Biden and the guy who's prosecuting. That it's come back from the IRS. The IRS themselves said we wanted this guy. for felonies, going back a few years for tax violations that were felonies. Not two misdemeanors, but we went up to the DOJ who says, oh, we weren't involved. It went to the DOJ and they said, no, no, no, no, no, no, no. Why?

We know why. Because it's fixed. It's rigged. They don't like Trump. Give him a colonoscopy. Biden, we like, eh, this guy who's second to the Clintons and influence peddling, this son, more than likely Joe Biden's the big guy. We've got to let him off.

Welcome to the world. That's your Bidenomics. That's our government. We're amazed some days that our stoplights work. And we keep hearing from, oh, but the market's going to. The market is going up because of the 160 million people that go to work every day, doing better for themselves and their families. Great companies coming out with miracle drugs and new technologies.

and good restaurants or retail whatever, whatever, whatever they're doing. And all these other things I don't understand, like chip companies and stuff like that. We're the economy. They're nothing. They're a headwind. Bidenomics. And we segue again. By the way, please go look at the video, Jonathan Gruber.

If you want to know who these people are and the media blacked it out. That's why I can't stand the media. You know why Fox News is so big? Because they took on the rest of the media hiding and taking care of their peeps. And they want us to believe Epstein committed suicide.

That's the other one. Yeah, just the camera's not working and just the guards aren't even watching them. No, no, no, sure. All right, the market wrap. See how we can segue? I was a little POD. today on Biden.

I want somebody as president that's not going to lie. And unfortunately, the next one is going to be one or two biggest liars on earth. The market wrap is brought to you by Investment-Dashmottles.com. That's Jim Rohraback, one of the great market timers. No gray areas with the man you're either in or out of the market. It's proprietary indicators. Go check it out. Investment-mottles.com.

I don't know how to describe today except to say that that was down 74. NASDAQ was up 36, was up 100, then it was down 20. In the last minute, it was up like, I think the NASDAQ went up like 25 points in the last 30 seconds. I don't know. Somebody pushed the button. Transports up another 118, though. And, you know, just better action. Not everyone, but economically sensitive stuff.

Auto dealers had a good day. Truckers had a good day. Cement had a good day. Cruise lines had a good day. Some of the real estate things had a good day. The autos, GM and Ford look like they're moving above range. The airlines had a good day. Bad day?

Well, I'll tell you where it was a bad day. Hershey's was down $10 today. What gives with that? On heavy volume. I'm putting up the news as I speak. There's got to be some news, right? Bad chocolate or something? Downgrade anything?

No, no news. They're selling off a lot of the consumer staples. Why would they be doing that? Well, they're what is known as recession-resistant. Recession-resistant means do best and hold up best when the economy's crappy. What does best when the economy's stronger? The areas I've just been telling you about. You also had some weakness in some semiconductors because the Biden administration is talking about not letting them sell AI chips to China.

So a few of them got taken down today. Not bad, nothing untoward. Advanced declines were on the mix. side. There was some good and some bad today. Nothing much to take out except some economically sensitive names had another good day. Some things that Home Depot, which had a real strong couple of days down seven bucks today. That's kind of a big down day.

And the consumer staples. And I have to tell you, the financials still can't get any traction whatsoever. And what do we mean by traction? Unf. Looking for some umph. And that's that. Micron reported after the close. Here's the fun part about my business. Microns closed at 67 at 69.5 in the aftermarket because they beat earnings by 18 cents. They came in with a loss of $1.43. 18 cents better than a loss of $1.61.

You ready for this? Revenues fell 56% year over year. But the stock's up. Guidance for next quarter? Below consensus. But it's up to and change. They must have mentioned artificial intelligence or something.

The Fed is going to release the stress tests today for banks. Really? Really. Stress test. Based on what? Stress tests are a waste of time.

Welcome to our world. How was the stress test for the regional banks that went out of business? They forgot these people. about human nature. They don't include that in their stress tests. That'll be out after we're done with the show, and we'll report on that tomorrow.

Just remember, they'll all pass the stress test. Up next, what else? No, really, what else? I'm Gary. This is the one only investors at it. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of 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? 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. 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. Jay 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, 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 IHeart Radio. Listen now wherever you get your podcasts. This is Sarah Spain from Good Game with Sarah Spain, brought to you in part by Vital Farms. Let's talk eggs. Vital Farm's pasture-raised eggs, to be exact. My favorites, the only kind I've

got in my fridge. No joke. And here's why. These aren't your average eggs. The hens live on open pastures with fresh air and sunshine all year long. They forage on local grasses and stretch their wings. They're living their best life. That care really shows in the taste. I love mine scrambled with a little butter or whipped up into a fancy frittata. And here's something most people don't know. You can trace your eggs back to the farm they came from. Seriously, side of the carton you'll find. the farm name. Type it in at vitalfarms.com slash farm, and you'll get a 360-degree peak at the pasture. Plus, Vital Farms is a certified bee corporation, which means they're committed to improving the lives of people, animals, and the planet through food. Eggs you could feel good about. So next time you're in the store,

look for the black carton in the egg aisle, and visit VitalFarms.com to learn more. Vital Farms. Good eggs. No shortcuts. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. In The Gester's Edge with Gary Culpa. So I don't have a lot to take out of today, except I want to accentuate again some of these economically sensitive names that usually they go for a while and then just croak. they go for a while and then just croak we'll see

how long this lasts how far it goes but I'm just letting you know and I really do believe there is a component of how much government spending and I'll give Biden one credit at least is this what we're told a lot of infrastructure building with our debt

that they're and I think there's a component why are cement stocks they're not building any more office buildings in new york city i can tell you that auto dealers truckers some of these real estate stuff like zillow airlines cruise lines industrial machinery types that's the deal what else anything else stuck out not really except there still avoids. Gold and silver. These consumer staples.

A decent amount of the retail. A couple have perked up, but nothing fabulous. A lot of the commodities, they've rallied up in air. Defense stocks are still weak. Managed care stocks are still weak. Casinos, not bearish but not bullish. A lot of the insurance stocks still very, very weak. And as I mentioned, the financials.

So there's still plenty that ain't. But on the is front is those tech, AI, semiconductor, software types on top of some of these economically sensitive. And that's that. Interest rates have been fine and dandy. Range bound. Not much going on there. No real complaints there sitting around 3-7. Almost dead.

And that's the way it's supposed to be. Remember when they went crazy both down and up? That's because of all the interference from our government. And as always, if anything changes, we will let you know. Now, I got to finish up my, and this is about you and your money. I told you I had to go into the hospital for a night. $24,000 they charge me. So I get the bill, and they do this insurance thing and this, that, and the right,

off and took me down from $24,122 to $4,314. And I pay all my bills. I have very good credit. But I noticed on the billing $558 for outpatient services. Emergency center, $5,76 bucks, emergency center. Let me tell you what I did at the emergency room. I sat in the emergency room, in the waiting room. That's it. They charge me $5,766 for that. They moved me never into a room. They put me in this little cubbyhole. They charge me outpatient services, even though I wasn't an outpatient $558. They charged me $6,551 for MRI. Here's my interest in that part, too. I just had an MRI from my back that I paid for in credit card.

cost me 260 bucks the same MRI that they did in the hospital they charged me $651 and then they did a CT scan for 4197 I don't remember that but my big point is this how are you charging me 55 58 for outpatient services when I wasn't an outpatient and how do you charge me 65 51 for an MRI that cost me when I paid for a different one the same MRI 260 bucks so I called them up today and I asked oh in the emergency center how do you charge me 6766 when all I did was stay in the waiting room. The woman at the hospital, I guess she's in billing, she couldn't really answer.

She couldn't really answer. And then I tried explaining to them. She kind of chuckled. And I said, I'm not paying for this until I get a resolution. Well, I don't know how you get a resolution. Are you telling me nobody's ever called complaining like this? and that she chuckled again. I go, so what's the best thing I can do?

Because I'm not paying for this unless there's a resolution. She couldn't tell me. I don't even know what the hell to do. Do I go to the hospital? Who will I speak to? Write a letter to the CEO of the hospital? I can't imagine people that don't check this stuff out. 24,000.

I spent the 10 hours there. Health care system. Am I whining? You know why I'm whining? For all of you. Look what's going on. I have the money to pay the $4,300. There's a lot of people that don't.

And they're getting buried off of $5,558 for outpatient services. I asked her what was that, and she works at the hospital. Well, that's kind of consultation. What do you mean consultation? She couldn't answer. And we'll just charge them $5,500. And frankly, I don't know how much they got paid by insurance or how it works. All I know is it ended up they want me to pay $43.14.

I said I'd be glad to pay it. Show me why. I'll let you know how the story ends. I thought it was appropriate to talk about this because it's about you and your money. Why? Do you know how big the health care business is? And I'm not going to name the hospital, by the way. The hospital business is gargantuan.

The Fed stress test came out. 23 large banks subject to the test this year have sufficient capital. Yeah, based on what? Based on what? This is the same Fed that had no idea what was happening with the regionals. The same Fed that was overseeing all the banks back in 2008? Yeah, sure, that's the ticket. I know, so a lot of whining complaining today.

But ladies and gentlemen, there's not one thing that I stated to you that was not fact. Not one thing that I stated to you was not fact. And these are our leaders of our country. And we're supposed to accept when people say, well, yeah, we know politicians lie. aren't we just tired of that have we not had enough of that i'm going to give you kind of a promise tomorrow we'll do all markets i'm going to have to write that down and remember that you'll have a great evening drive carefully i'll be on with varnie and company 10 a m tomorrow fox business and when you get home do like we do quite simple make sure you hug your family

make sure you hug your children they will feel better you will feel better i promise thanks for joining Thanks for putting up with us today. Peace out, all. 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. Struggling to see up close, make it visible with Viz.

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