Investor's Edge with Gary Kaltbaum - Tariff day! [04.02.2025]
Episode Date: April 2, 2025https://garykaltbaum.com#doge #moment #garyk #market #investments #usa #politics #finance __________Disclaimer:The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, ...callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio et al does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.
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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.
A thanks for being with us today.
Glad you here, ladies and gentlemen, happy that you are listening.
It's April 2nd, Liberation Day.
And let me be state for the rest.
There is nothing liberating about tariffs, but that's what they're calling it.
It's with all due respect, it's the stupidest idea I have ever heard to raise massive amount of taxes onto the business and consumer through tariffs.
Makes absolutely no sense whatsoever.
Whatever they're doing, I'm really.
rooting for them, and I hope they get it right. But what they have stated today, and I'll introduce
myself in a second, is that this is the high watermark on the tariffs, and we only come down from
here. I don't know what the hell that means, but I would guess this is the worst it will be,
whatever they announce, and just so you know, we're pre-taping the show in the 4 o'clock hour.
And they're about to announce the Liberation Day.
Just a few thoughts.
I don't want to hear any conservative Republican ever again tell me they're conservative
because conservative Republicans were for free markets.
Tariffs is the opposite of free markets.
That's number one.
Number two, I heard somebody say, well, finally we got to this point.
This will be the end point.
Ladies and gentlemen, it's the beginning.
I expect big time, big time movement of the needle going forward, which way I don't know how,
but they say we're at the high watermark, whatever that means, we'll keep you up to date on it.
We'll leave it at that.
Hey, this is Gary Kulpam.
This is Investor's Edge.
This is serious talk on everything that affects you.
The markets, the economy, jobs, unemployment, taxes, deficit spending, scam, shams, corruption, your job in your industry.
Doge, tariffs.
You name it, we cover it.
And if you do not get this radio show in your city, we'll post it at garyk.com.
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And if you don't follow us on X, you should.
And if you'd like to email me, just be nice.
Let me first start by saying, I don't know what they say with this announcement.
I don't know how the market reacts, but absent crazy, the last three days of the stock market, remind me of three days of defense.
That is, wild swings after a move.
In other words, if we were rallying hard and all of a sudden we saw wild swings, it would
usually mean a change of direction, at least for the near term.
But all we've had is the market come down big time, and now we're getting wild swings,
thinking there's a chance here, change of direction.
Then I add in, I can draw lines under the worst sectors now,
and I think we may have a buy the news in the near term.
The weakest of areas in retail, for starters,
transports, financials, and banks.
They all had a pretty darn good day today.
Wild swinging day, but
We'll need another card or two coming out of the deck,
but I think there is a better chance here of the last two or three weeks holding.
You can look at the S&P hit 5504 mid-March this week, excuse me, last week, if I can get this right.
The S&P on Monday hit 5488 on an undercut and
finished above it.
Something I am paying attention to.
The NASDAQ hits 17-238 on Monday.
It hits 16-8-5-4 and then finished above the 17-238, counting as a nice little wash-out
undercut.
Same for the NASDAQ 100.
Now, we do know a few things.
There's not a lot of leadership.
There's not a lot of new yearly highs.
there's a lot of work to do.
I think there's a chance here.
Absent crazy.
And what I mean by crazy, if Trump comes out and talks about,
and if we have to do 100% tariffs,
but I don't think that's going to happen.
Then again, I better shut up because I don't know.
And that's the come in the, during the next hour or so.
I did want to skip over something, skip to something else.
So yesterday, I told you about Newsmax.
In case you don't know, Newsmax is a very right-wing news outlet where they're all very, very, very pro-Trump, I mean, big time.
And that is not a rib on them.
That's just who they are.
They'd even tell you that.
their stock came public at $10 two days ago, opened at 14, closed at 81, and yesterday hit a high,
and I did tell you this, hit a high of $265 before closing at $233 from $10.
But I'm hearing there's this big lockup provision.
so I don't know if anybody could sell and you could not short the stock because you could not borrow any stock.
What I noticed, oh, the president's already out.
Okay, we'll see if we can catch up with him.
What I noticed yesterday was that Newsmax and the media came out and said,
the stock, the company is now worth more than Fox.
And as you know, I have a personal link to Fox.
I'm a Fox News business contributor.
I am not an employee.
I am an independent outside business contributor under contract.
So there is a link.
But that's what they said yesterday.
And as I have said to you, just so you know,
and this is what I said to you on every time something like this happens,
eventually they're all going to go back to where they came from because of valuation.
Yesterday, I believe I said to you that they have 100 million in sales and they got to a $30 billion market cap yesterday.
And I don't know what's going to happen the next day.
I'm just let you know, and this for me is just a gargantuan wow.
It's just a gargantuan wow.
A gargantuan wow that the stock dropped $180 today to $52.63 at the close.
A 77% drop.
And by the way, we're not making fun of it.
We'd rather the stock go up.
But we just wanted to let you know.
Just a holy crap moment.
Hit a low of 46.
$180 drop.
the next day.
We hope
by the way,
let me state for the record,
in order for it to get to $265
yesterday,
somebody had a pace
$264.
$99.
You do know that.
That's how it works.
So just letting you know,
that for me,
is one of the biggest wows I have
seen in a long
time. A big, gargantuan, giant, wow. And I am in hopes nobody I know got caught up in the maelstrom
to the upside. Somebody had to buy it there and hopefully they traded out. By the way, the symbol is
N-M-A-X. And again, in no way is my comments, a rib on the company. What do we do here? We talk stocks,
stock prices, froth speculation, crazy.
And unfortunately, there's been a lot of that in past years because of the Fed,
which invites froth and speculation with their stupid, easy money, money printing crap.
So that's the news, max.
Up next.
More on the markets.
We'll have a Doge moment.
Much more.
I'm Gary.
This is the one only investor's edge.
Hi, I'm Gary.
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Investors Edge.
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With Gary Coltbaum.
It doesn't get better than this.
And welcome once again to Investors Edge.
By the way, newsmax is up 10% in the aftermarket already.
Yeah, good luck.
Okay.
So the president's speaking right now.
I have no idea what he's saying.
I have no idea what he's announced.
announcing futures. I can see them trading in the aftermarket flat, down a few pennies. I'll call that flat. So I don't know what he's saying. I don't know how he's saying it. And during this show, we're not going to have it for you. So when you have a chance, go look, here are the things I don't want. I don't want a 25% to.
tarot-a-thon autos and auto parts. I think that's crazy. That's what I don't want. I don't mind if they
come out with the reciprocal. Hey, they're doing 10% on us on this. We're going to do 10% on them.
I don't want to hear him threaten. And I don't want to hear. And if we have to, 50%, 100%. I don't want to hear that.
And I repeat, I'm completely against the tariff business.
That's just me.
If you disagree, I respect your disagreement.
Hopefully you respect mine.
Back on other news.
And here's just the media.
They're such morons.
The media announces today that Elon Musk is going to leave Doge in the next few weeks.
And they said in a surprise.
If they were to watch Britt Bears' interview a couple of weeks ago, they would know that's all he was going to do into May.
The media.
But what happened is when it came out, Tesla stock, which was down on very crappy numbers, finished up, I think, $15.
Let me see what that's doing here.
finished up $14 today.
$14.
And now I am seeing futures just hit up.
So obviously he's doing nothing with the tariffs.
I am seeing Dow futures just went up.
Oh, Dow's up about 120.
but the NASDAQ 100, which gets more bank for the buck, is up almost 1%.
So I'm going to guess he's being kind.
And I'm going to guess all the threats were a bunch of bull crap.
And they're coming down off the top.
And the reason they would be coming off the top is because they know.
And I'm just wondering if he said something about the,
the autos.
I'm not seeing anything just yet.
Reciprocal tariffs. That's what I got so far.
So I think it's going to be less than meets the eye.
And that's good news.
Anyway, futures are up.
But he's still talking and we'll see what comes next.
But let me repeat the Dow right now.
is up 240 in the aftermarket,
and the queues are up about 1%.
Yeah, it's a bunch of bull crap.
All we hear is, oh, we're going to do some reciprocal tariffs,
so I'm not seeing anything else.
And of course, he's still talking.
So look at that, me in real time,
giving you the gist.
And we'll see overnight and what happens tomorrow.
But as we said earlier, no matter what,
We think the market's trying to put in a low.
I was scanning all day, and I think this will solidify the low as the tariff threat.
Well, we'll see.
I don't know exactly what he's saying, but I'm getting some info as it comes,
and it looks like it ain't near what they've been threatening.
It ain't near what they've been threatening.
Anyway, so a lot of things going on in the aftermarket in real time with Newsmax.
And again, that's some weird stuff, ladies and gentlemen, the Newsmax thing.
That one goes in the record book, and I have no clue what happens tomorrow.
Anyway, for all the people that have been whining complaining to me about,
oh, we need all these big tariffs and Trump's the greatest, I want to see if you email me back
and say, well, he's not really doing tariffs now.
It's just little bits and pieces here.
Are you pissed off about that?
Or are you just anything he says and does you love?
Oh, and by the way, Tesla is up $10 in the aftermarket.
So he must have said something about the auto tariff and that 25%, which is probably going to be garbage.
And there you go.
Oh, here's the big news.
Yeah, BS.
10% tariffs.
They were talking 20 and 25.
And it's a bunch of bull crap.
Just letting you know.
10% tariffs.
All that bluster.
All that BS.
All that driving people up the wall.
10% tariffs.
What a joke.
We'll see how everything goes.
Update the down-now.
is up, the Dow's up
250, but definitely the
cues are better off.
And again, they're up about
1.5%.
And I'm noticing, yeah,
what a laffer.
What a laffer.
They got to him.
And good. I'm a happy camper now.
Maybe we can get back to work.
Fair enough.
And if anything changes,
we'll let you know
before we get off the air.
But good day.
Across the board, wild swings.
We were down a few hundred, up a few hundred, back down, and then into the closed, Dow up 235, S&P 37, NASDAQ 151, NASDAQ 100, 145, transports are even up 213, and my screens of crap were all up.
and what do we mean by that
the bottom
lifted
and that's what we want to see
if the worst things come off
the floor
if the worst things come
off the floor
that's good news
and when I see retail
and semis
and all that better
we'll take it up next
we'll keep you up to date
and the Doge moment
this is the one
only investors edge.
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And their innovative horizontal quick-draw fly is a game changer.
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you.
Don't settle for less.
Go to Tommyjohn.com today for 25% off your first order with CodeCumpert.
That's Tommyjohn.com.
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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
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you're probably already a podcaster. The good news is Spreaker makes the whole process simple.
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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. 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 Colbub comes highly recommended you're gonna feel
better if you talk to him and welcome once again to Investors Edge well here you go this is what
we mean by the good Doge moment and we don't understand these ass clowns pissed off at Elon Musk
and destroying Tesla's they're such morons they're such stupid imbecilic morons that they're saving
them and the government spending. Get this. You ready? Little things. The VA was previously paying
$380,000 a month for minor website modifications. What would that be about $4 million a year?
Little. The contract has not been renewed and the same work now is being executed by one
internal VA software engineer spending 10 hours a week. This is what we mean. So let me explain this.
When it's not your money, when it's not your money, you get your friends that are software
engineers and say, I have four million bucks to spend. Here you go. Seriously, that's our
government. And now that Doge comes in, one person, ten hours,
a week. Just save $4 million. But don't worry, it's only $4 million. Only $4 million.
Agencies terminated 80 wasteful contracts today with a ceiling value of $203 million and savings
of $139 million, including, and again, we don't make any of this up. A $2.1 million
management consulting contract. Notice I keep coming up with you. Notice, I keep coming up
the words consultant and consulting and contractor it's payoffs get this a management consulting contract
for a senior advisor in the democratic republic of kongo 2.1 million they're just throwing our freaking
money around and just remember if a hundred billion is a footnote just know what 2 million is
They don't care.
Remember, the head of the U.S. aid had the nerve to go on 60 minutes,
and she didn't realize how stupid she looked.
We're not even 1% of the budget, she said.
It's $50 billion she was getting a year.
And what did she do?
She mismanaged it and made them look bad.
When USA does a lot of good things,
but then they decided to go nuts with it,
and they're still trying to figure out
how this woman ended up with millions
over a few year period.
They abused it.
They abused it.
And how about this?
Each year, the United States Institute of Peace,
I don't know what that is,
but the United States Institute of Peace
receives 55 million in congressional taxpayer funds.
Prior management would sweep the excess funds into its private endowment with zero congressional oversight.
In the past 10 years, they had transferred 13 million to its private endowment.
Some of the contracts that have been canceled,
132,000 to Mohammed Halimi, an ex-Taliban member who is Afghanistan's former chief of protocol,
2.2 million to its outside accountant, 1.3 million to Al-Tahataman Iraqi League for Youth.
What the hell is going on here?
Instead of destroying Tesla's, you should be kissing his arse.
Look what they're finding.
That's our Doge moment for today.
It's crazy.
It's absolute crazy.
Update.
The Dow up about, let's call 200.
And the QQQQ up about 1%.
In the aftermarket.
By the way, that's a big move.
That's a big move as we go into tomorrow off the BS.
But he's still talking.
He's still talking.
And I will tell you my screen is lighten up like a pinball machine.
But all I got so far, well, guess what just came out?
He does confirm 25% tariffs on auto imports starting at midnight tonight.
So that's out there.
but the market's not coming down on that.
That was known.
I'm not happy about that.
I'm not happy about that.
Auto imports.
I can't wait to play this thing back when I'm done with the radio show.
The good news is the market is not going down on that latest,
but that has, I guess, been well known.
For the year, the NASDAQ is still down 9%.
The Russell 2000 is down 8%.
the S&P mid-cap 4.5%
the S&P 3.6%
and the Dow, which will always hold up best
during strife, only down about 1%
going into tomorrow,
where as of this second,
we'll have a decent open,
but he's still talking,
and anything possible.
But I want to repeat,
we really thought the last three days,
and mind you, what we mean by that is,
you had three bad opens.
Today was not a bad open.
They sank it again and reversed it again.
That tells you a lot.
That tells you that after a drop, the soldiers have come around to defend.
Oh, by the way, I am going to take that back.
The open today, the Dow was down about 300 and something and finished up 235.
That is defense.
Oops.
Ladies and gentlemen, the market is falling off a cliff.
as I speak. The NASDAQ is now down almost 1%, and the Dow is down 200? I don't know what he just said.
But he just said something the market didn't like. Gee whiz. Look what we're dealing with, ladies and gentlemen.
Yeah, I'm not kidding you. I'm not kidding you. So he just said something that the market did not like.
Don't you love this?
I don't.
The QQ just went from 482 to 473 in change.
How's that?
The Dow just went from the DIA 424 to 417.
The DIA represents the Dow.
Having fun yet?
And now the QQQ is at 469 down about 1 and 3 quarters percent.
Gee whiz, what the hell did he just say?
I don't know.
But by the way, his peeps are clapping for him while the 401ks are
hitting and going into the basement.
I don't think we've ever done a show like this, have we?
Then again, all right, we'll see what tomorrow brings.
And by the way, by the end of the evening, things will change.
The QQQQ just rallied back up $1.70 in 12 seconds.
Yay.
Happy days are here.
Ah, he just put out a thing on reciprocal tariffs.
Shows China reciprocal rate at 34%
and shows 20% tariffs on the European Union.
Yeah, I don't think that's good news.
Well, I guess he meant business.
Okay, tomorrow's going to be fun.
Yippee, yay, yay.
And again, let me repeat.
He's still talking.
who knows how this ends.
We did the Doge moment.
Other news of the day,
does it really matter?
My goodness gracious.
And let me repeat while we're on the subject.
Tariffs are attacks on business and consumer.
Up next.
Whatever else I can think of,
hey, it's baseball season.
I'm Gary.
This is the one only investors.
It's no use putting it off.
The best time for an underwear refresh is now.
Tommy John underwear is designed for a perfect fit that stays put all day.
Their zero-chafe thanks to four times more stretch than competing brands.
And their innovative horizontal quick-draw fly is a game changer.
With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less.
Go to Tommyjohn.com today for 25% off your first order with Code Comfort.
That's Tommyjohn.com code comfort.
Tommy John
Comfort perfected
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 a site.
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.
and 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.
You're listening to.
What are we waiting for?
Well, what are you waiting for?
One, two, ready, go.
Action!
Well, just keeping you up to date.
The Dow is now down over 400 in the aftermarket,
and the NASDAQ 100 of 476 to 466.
Last I looked, that's more than 2%.
But again, he's still talking.
And they're still clapping.
I've been getting a lot of emails on artificial intelligence.
See, I read the same things you read.
And all I keep reading is it's going to change the world.
I was reading something yesterday.
By the way, while the market's sinking,
they're all laughing in the Rose Garden right now.
They're all laughing and clapping and all happy.
Okay, dokey.
Sure enough.
So I keep reading that things like attorneys will be able to prepare cases that would take a month in four hours.
That's what I'm reading.
I am reading about preparing financials how it's going to take minutes.
I am reading about medicine how it's going to change the playing field of the medicine and all that.
And it just goes on and on and on and on about what it's going to do.
And I'm not saying it isn't.
I believe them.
And the main question I am getting is how are all these artificial intelligence stock suffering?
and the answer simply is the bet has been on these high-priced chips that have to be made and the data centers
and this, that, and the other thing.
So all these data center stocks are up big, the energy stocks are up big, the construction,
stocks are up big, some of the chips were up big, but lo and behold, as we have stated to you,
what if? And what's happened is, just like in any business, others came along to say,
wait a minute, we don't need these data centers. We got these other chips here. We don't need
the data centers. We don't need the construction companies. We don't need the energy companies.
and lo and behold, it's not just that deep seek they announced, but Ali Baba I'm hearing about.
And I think about three others now, and they're trying to prove themselves out.
So all of a sudden, the thought process of needs going forward to forward all this ain't there.
And that's how you see, I mean, 50% drop in VRT.
A data center company that was the toast of the town.
So look, all we're going to do here is pay attention to them.
If they start to perk up again, we will let you know.
But they're just down in the dumps, the best way I can put it.
And as we have said to, we would just avoid them all.
And the best of the best has been hit hard.
the one that stands out right now better is this core weave that just came public
I think I mentioned it at $40 and it sank the 36.
Today it hits 64, closed at 61 because all of a sudden this and this is another thing
that I don't understand.
Coreweave, the announcement today, and this is AI, by the way, was Google
and talks to rent Nvidia
Blackwell chips from Corweave
amid AI chip shortage.
But I got newsfea. I haven't heard about
any AI chip shortage, so I don't
know where that came from.
And why would you have to rent out
the Nvidia chips from Corweave?
Why don't you just get them from Nvidia?
I don't know.
So we're just letting you know
we're going to play it as we see it.
Just like the crypto. We don't
believe in crypto. Ethereum's
crashed. We don't even believe in
Bitcoin, and people curse us out for that.
But on a technical basis, we said it's buyable here, buyable here, now it's top, and we'll let you know on the AI.
But right now, it's a big, ew.
As we close, we're getting close to close, I got the QQQ that closed at 476.
It's 466 in change, about 2%.
I got the Dow down about 400 and change.
And I'm looking at the president and he's still talking.
I can't wait to play it back.
He's saying there's a baseline tariff of 10% on all imports, but also 20% on this,
34 on that, 20 on the EU, 26 on India, 32 on Taiwan, 24 in Japan, and I think that's what did the trick.
Dang, that's a lot of cost to our business and consumer from these areas.
Things will be fluid.
We'll let you know.
But that's some sucky tariffs, ladies and gentlemen.
Big time, sucky tariffs.
By the way, I'm getting tons of texts and messages from peeps I know.
Wow.
I was wrong.
I thought he was going to wimp out.
I was completely wrong.
This is some tough stuff.
And I'm not sure the market's going to like it.
Dow's now down 500 and the QQQQ which closed at 476, 463.
And by the way, when we say Taiwan, India, Japan, China, that's technology.
And that's why the queues are getting hit.
By the way, Apple's down nine in the aftermarket.
You have a great evening.
Drive carefully.
Wish I had some better news for you, but I can't wait to play this crap back.
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.
Stay well, be well.
Ouch.
I'm going to work out.
Good night, all.
Bye bye.
This has been Investors Edge with Gary Coltbaum on BizTalk.
To listen to past episodes or to get in contact with Gary, go to GaryK.com.
That's GaryK.com.
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