Investor's Edge with Gary Kaltbaum - TECH CORRECTION CONTINUES [04.18.2024]

Episode Date: April 18, 2024

https://garykaltbaum.com/

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That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. 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 of being with us today.

Glad you here, ladies and gentlemen. Happy that you are listening. It is Thursday, I think. It is, you know, April 18th, 2024, as always, we are the most important show you will ever listen to. We don't have 7 billion followers or 7 billion listeners, but we have no agenda, no ulterior motive, no bias. And we are the most logical people on earth.

That's who we are. We are not into conspiracy theories. We're into facts, and we don't play footsy. And the reason we say that at the get-go, because we've got a couple of things to discuss as we start the show. But first, if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it in my Twitter feed, which is X. And you can just follow us on Twitter or go to X and put our name in. And of course, you can email me.

Just be nice. And if you do not get this radio show in your city, we'll post it on garykade.com. I just said that. We'll also post it on all the podcast apps. Check that out. All right, we're done. So ladies and gentlemen, we've seen people block the Golden Gate Bridge, some important highways and byways around the country. They all have one thing in common. They are protesting the apartheid of Israel. They are protesting what is happening in Gaza. They are protesting against Israel. So I just want to let you know that, and I'm going to circle back to why it's important to discuss this, because it all really does circle back on who is running the joint, being this great country of ours. And as we've told you, this country is great not because of them, not because of us. And I want to let you know, and this is really important, when you see these videos of people, and I saw one of a woman, a woman with the mask on.

the whole thing, saying, we are Hamas and yelling and screaming, maniacally yelling and screaming, we are Hamas. And by the way, we will circle back on all this, why it affects everything else. And all I'm thinking to myself is if this woman was at that festival, they would, 10 of those terrorists would have taken her, raped her shoved things in her

videoed her and send it to her family and then shot her in the head dead and then probably just take out a machete and cut her up that's what they would have done to this woman that's yelling

we are Hamas and then you get the rest Israel apartheid do you know what apartheid is go look at Israel is the opposite of apartheid, completely opposite of apartheid, the most welcoming country in the world. Jews, Christians, Muslims, every race, creed, color, denomination, gender, live there, work there, pray there, play there. They're not complaining.

They want to go about their business. They don't want terrorism. During Ramadan, hundreds of thousands of Muslims prayed in Jerusalem. Apartheid. Across the border, if you are gay, if you are trans, they will murder you in the middle of the street in front of people cheering. They will pay off terrorists who murder anybody. apartheid. So we just want to let you know a couple of things.

Number one, here's the good news. You see these people, we can call them whatever we want, that are blocking bridges and stuff. They are a very, very slim minority. It's just they are videoed and they are loud. And do you know why Israel is so great? and do you know why Jewish people are so great? We're just generalizing here for a second because on the morning of being attacked by Iran,

they were practicing Pilates in parks outdoor. They were at the beach. They were going to work. Moms were with their kids with the strollers. They were going about their business. And you know what the rest of us do while these people are blocking roads? While they're going broke,

we're going about our business. The 99.9% plus gone about our business. Unfortunately, they get the headlines. And now here is my problem. We have people in Washington, D.C., that have been elected, that hate this country and hate the Jewish state. They are racist anti-Semites. Rashida Taleb was asked the other day about people yelling death to America, and she would not answer the question.

about whether she backs it or not or whether she's against it. Imagine that. A sitting congresswoman would not answer the question about death to America. And the same goes for the rest of those squad people.

There was a vote in the House on denouncing the attack by Iran on Israel. They voted present or against it. These people have a vote on our future. And then there's Joe Biden. I was thinking to myself,

I was thinking to myself, do you remember the George Floyd? The voices were so loud when the George Floyd incident happened. I call it the George Floyd murder. Guys, I'm more on that police. guy. But that's besides the point. Have you heard our President of the United States visiferously go after people yelling death to America? We are Hamas. Has he gone after these colleges? He hasn't said a word. Columbia University right now is inundated with racist anti-Semites,

yelling and screaming, we are Hamas, and death to Israel. Not a word. And then there's the media. Do you remember George Floyd? 24-7. How America was racist against blacks. Whites are racist against blacks. 24-7.

Look what the, and the police suck. They are covering the Taylor Swift album. What the Kardashians are wearing today? Anything but just making my point, and therein lies what I consider to be the overall problem. And that is what eventually is going to happen because of the underreporting of so many vital things

that the people run in the country are doing to us on a longer-term basis. It all intertwines. It all intertwines. We keep working our asses off. We keep sending them tons of taxes, records every year, and they keep running,

up the register for themselves in order to buy votes. And the reason why Biden will not yell and scream about all this, because he's been losing the Muslim vote, because he dared back Israel from the get-go. And of course, he's moved 14 different times sideways and backwards in order to keep them in good stead. So we just want to let you know where we stand. We believe everybody should be respected every race, creed, color, gender, denomination. It does not matter.

We believe everybody from the guy who cleans the toilets at your school to the principal of the school, the CEO of the company to the guy who cleans the floors. Respectful. And that's it. And we're always amazing. You know, we do. We laugh at racists.

We think they're a joke. But we just want to let you know up front. We know it looks like there's a lot of them. It's not. But unfortunately in the colleges, you got a lot of professors. We'll wind it up and then got a couple other things for you.

I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kalpom, 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,

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That's 8-8-8-4-2-5-9. That's 888-4-2-2-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Ambatta. 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. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors.

Discover a new stream of income for your business when you partner with Amazon Hub delivery. You and your team will deliver Amazon packages to customers in your neighborhood, on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits.

Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash H-U-B delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program.

Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, ORA-Ida, Silk, Capri-San, Bavarian Meets, and Charmin.

Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go-pick-up or delivery. Restrictions apply. See website for full terms and conditions. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun.

Investors Edge. The last bastion. of quality programming. With Gary Coltbaum. It doesn't get better than this. So, and let me be clear, this goes for Trump, who said if you're Jewish and you vote for Democrats, you're not really Jewish and you don't love Israel. Oh, in fact, you hate Israel.

It goes for that also. And I can go on and on. We will stand fast by how anybody who is in the rule of law, and it doesn't matter if you short or tall, skinny or fat, doesn't matter where you're from, what you've been, who you are. We are completely for immigration,

but not what Joe Biden has done. On purpose, we want logic back into the system. And I'm afraid the two people running for presidency in November, complete lack of logic. whoever wins we'll see how it goes and we'll try to be a much bigger voice okay we segue first let me state for the record that another big company reported earnings after the

close and that is Netflix I have it down 31 bucks in the aftermarket which does not help the cause of a deteriorating market and as we have told you we thought we were in corrective mode and specifically on technology. We told you we sold all our technology stocks except from meta the day after March 8th and it just keeps worsening and worsening. We told you bearish phases are made up of hot opens and weak closes. The NASDAQ today finished down 81. It was up 100 early. The Dow was up 300 early, finished only up 22. So it worsens. have been asked a dozen times over the last day. Do I think we're going into a bare market or just correction? The answer is I have absolutely no clue. But we'll know in the days and weeks ahead.

We just know the uptrend has near term turned into downtrend and the technology arena worsens. We also know another part of the equation on technology. It is the most over-owned, over-loved, and over leveraged in its history, which means when things turn the other way, the greed turns slowly into fear, which leans into more selling. And as more support levels are taken out, institutions get invited to sell more. Now, keep in mind, we have a massive amount of earnings over the next few weeks, including the big matzo balls. But every day worsens a little. I will tell Microsoft, which is the number one waiting in the NASDAQ 100, broke below the 50 day yesterday a little bit, but really did it today, was actually leading down a little bit today.

That's just another one. Broadcom, AVGO, broke the 50 day a little bit yesterday, more today. You know about other semiconductors we've been warning you about as the semiconductors are broke, and then Tesla just keeps the misery keeps on going and going and going. But I needed to segue because something came up this morning that hit my inbox by one of my peeps. Has anybody ever heard of a company called 23 and me? Because I think I heard it in passing a while back. because 23 and me is going to be taken private, private,

which means it trades, and then they're going to take it private by just gobbling up the company. We just want to let you know 23 and me finished it 50 cents today. 50 cents. We just want to let you know this came out as a SPAC. at $10, hyped it up to 18, and it's going to be taken out in the pennies. And we just want to remind you how Wall Street is this great place that have made people wealthy beyond their years. But if you follow the stupid and you can't call them criminals because it's legal, but you follow the unethical, you can lose your butt. Those SPACs, they changed the name to special purpose acquisition court, but they were really blind pools.

When I started in this industry, many years ago, I was at a penny stock firm. We did blind pools. And what it is, it enables you to bring something public without going through all the taking it public and doing the road shows and this, that, and the other thing. And what Wall Street did is for the most part. and they have two years to merge it with a company or it goes by the wayside. What Wall Street did, these slime bags, merge with crap. Speculative crap. And a bunch of companies all said the same thing.

We're merging with a startup electric vehicle company or a battery company. They were scammers. And they got it frothed up. One of the big guys, Chammothed, whatever is. name is, did a bunch of them that sold out and made a billion bucks and got the hell out of the way. He knew what was it, Virgin Galactic, that's down like 99%.

SPCE. Oh, that's at 97 cents right now. They got that thing up to 57 bucks, even though they never sent a rocket up because they touted the hell out of you. We'd keep bringing these things up because we want you to remember this stuff.

because these people suck. They take advantage of you and your emotions. And they will bring dog crap public if they think you'd buy it. Remember, I once gave you this stupid moronic example. And I might as well do that stupid moronic example again. Imagine if you were walking your dog, my precious Winston. And imagine I'm walking the dog. And Winston does what he's got to do on the grass.

And somebody walks over and says, I'll pay you $10 for that. Sure, give me the $10. And then somebody walks up to him and says, I'll pay you $20. Sure, give me the $20. I doubled my money. And the next guy walks up and says, I'll pay you $100. Hell yeah. I just made five times of money.

And then the next guy walks up and says, I'll pay you $1,000. Oh, man, yeah. I made $10 times of money. and then the next guy is an investment banker. You're telling me this thing started out, a dollar went to five and ten, and then a hundred and a thousand? Gets on his cell phone.

Hey, Mo! From the Three Stooges. Let me tell you about what we can do with this company. Dog crap unlimited. It started a bucket, it's now a thousand. Let's bring it public. Oh, we can't bring it public. They'll laugh at us.

Oh, let's put it in a spot. Spack. Oh, yeah, let's do that. And they would put that in a SPAC. Now, of course, this is an extreme example, but you get my point. People got destroyed on these SPACs, brought to you by Wall Street. We want you to remember that. Up next. Today, I'm Gary. This is the one only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them.

Pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive, 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.

Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub Delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you.

And you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery.

Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more, or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway.

It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sung, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply.

See website for full terms and conditions. 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 Colbomb. It comes highly recommended.

You're going to feel better if you talk to him. Oh. As usual, Netflix was down 31. It's now down 14. It's all over the map as they say things and do things. And then they'll have a conference call and tell you everything's great. We'll see how it finishes up. Netflix stock has had a good run. And I will say this.

I think they managed the company pretty smartly recently with the getting rid of the sharing the passwords and stuff like that. I have a bone to pick with them because they're out of nowhere started charging me more than I. I was paying without even telling me and I'm calling them up and say, I'm starting over. And who knows, maybe it'll be up by the time we finish this show. It's only down 12 bucks right now. We'll see. I have no idea. But the big story is that NASDAQ was up 100 early, finished down 80.

The Dow was up 300, finished only up 22. And as we tell you, in bearish phases, one of the big characteristic doesn't happen every day, but happens a lot. They will open it hot and sell it down. Institutions, the big institutions using the hot opens to distribute stock back into the market. And we got that again today. And I will tell you, of importance, is that semiconductor group, the socks was down another 75 today. Following up on yesterday off of ASML, which got trashed. That was down another 20 in change.

Arm holdings yesterday topped out, down another 30. Lamb Research down 29, KLA down 19. So very weak equipment makers. And the worry is, is it over for the semis? I can tell you right now it is. It's top for now. How do you know this, Gary? Well, we're good at reading the tape.

Now, if this is just a correction, I want you to go back and look at the chart from mid-July to the end of October. you had three legs down. The NASDAQ went down during that time from 14-4-46 to 12-5-4-3. What is that about 13 percent? And we're not saying it's exactly going to happen and do that and this and the other thing. But sometimes corrections will have three legs down before they turn back up. The S&P at the time went from 4,600 to 4,600.

100, that's only about 11% in change. The Dow at the time went from 35-679 to 32-3-27. That was only about 9%. And as of right now, our thought process, our thought process is never predicting that. But our thought process is we're hoping that's all it is. But that thought process doesn't really matter much. What matters is every night we scan a ton of names, a ton of sectors, a ton of countries, a ton of commodities, and just stay in lockstep or a step ahead. And hopefully it stops.

Leadership shows up and we're on our way. That's all we're trying to do right now. We got the golds. We got meta still because it's still performing, though doing nothing in recent weeks, but still performing. after that we let loose everything else we told you that we don't usually do that but that's the story and that doesn't mean we think we're going into a bare market we just think that it could be painful and we don't let me give you one we sold am d at like 204 it's 154 we had no idea would go to 154 we just knew it topped out in the semiconductors ignore that so that's that's

That's the story of the day. Another hot open. And it was hot for an hour. And then the sellers came in. And we don't like the fact that semiconductors are really getting more painful here. They are the leading group, as we've told you. Today, financials are up. But they've already been hit. The Dow was up a little bit. One stock United Health doing the trick today. insurance bounced some of the food and beverage bounced but just a lot of mix bag of slop today what also has my interest is the freaking 10 year yield up another went to 4647 a point 62 today and yields this second are in an uptrend we don't like that the higher yields go the cost the capital to you, all the way to the biggest gargantuan corporations go higher. Cost of capital. Oil prices stop going up. A little pullback at this moment.

That's good news. Let's hope that continues. Yeah, a little pullback on oil prices, but copper is higher, a few other commodities higher. And we'll see what the hell, how it finishes up. By the way, Netflix now is only. Only down. By the way, it just moved 10 bucks in a second. It's down 13.

It just went to be down 23 again, and within a nanosecond, rally $10. Welcome to my aftermarket, by the way. Which, by the way, some people like playing. I think people are nuts to play the aftermarket. There is no edge. It is pure luck. Be careful.

Earnings. Tomorrow, Oh, I forgot to mention Taiwan Semiconductor, another semiconductor stock that broke the 50 day today. Rough going. Apple, another tough day. Tesla down another five. By the way, all the analysts that have had buy recommendations on Tesla are now changing them to cells. And I have to make note, and this is not to wee-wee-we-on anything, but I have to make note.

and why it's so important to just watch the market. Are you ready? March 11th, Barron's, front cover, bet on the bull. Barons today. Why the stock market will continue to fall and what to do now. Barron's is this big thing that comes out every Saturday, but they also write during the week. Why would they go from bet on the bull to why the stock market will continue to fall?

Oh, because the market already fell. You've got to be careful about that. And again, we're not trying to wee-wee on them. We're just letting you know, watch the market. March 8th was the day that we told you. A big characteristic showed up, and that was that huge reversal in the semis. We called an exhaustion reversal top, and it's played out and continues to play out even today. And I must tell you, I was even surprised by today.

I was surprised we were up 100 early. I wasn't buying into it, but I'm surprised they dropped that sucker and finish down 82. And with the semis leading, it tells you that price on the downside has not, watch the big word, sated the institutions just yet. if that changes we'll let you know but i'm starting to believe we may be in that camp of three legs to the downside but we'll just take it day by day and if you want to know what we mean by three legs which is kind of normal just go look what the market did from july to the end of october drop bounce drop bottom three legs

and then we're on our way. This time, though, don't know. Could it turn into something worse? Yes. Let me put it best. We just know we're in downtrends now. We don't need to make bets on whether it's a bear or not. We just know we're in downtrends.

And we'll let more cards come out of the deck as we move forward. And again, thousands of earnings to come. out in the next few weeks. That'll tell the tale. Netflix is a big name. By the way, it's now down about, dropped a little bit, 30. But that'll change. I've got to do a conference call and tell you how great everything is. What do you think companies come out and say everything stinks? and I'm sure somewhere in here they'll throw in artificial intelligence. I saw one company mentioned it 51 times in their conference call the other day, a couple of weeks ago. And that's a little bit about the market, yick.

New yearly highs, really hardly any. New yearly lows, about 300 on the New York and NASDAQ. And what I mean, no new yearly highs, I mean it. I'm looking at the list right now, and it shows up as a. few but then you look this is just some non-operating companies yeah on the NASDAQ I don't see any on the New York Wells Fargo New Yearly High Elevents New Yearly High managed care something called Badger Meter new yearly high that's it up next this that and the other thing and whatever else this is the one

only investors ed hello hello I'm Malcolm Gladwell host of Smart Talks with IBM I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a

legacy of building stuff, building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

There will come a point when it will mature. My cell phone is a mature technology at this point. How far are we from that point with quantum. By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub

delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash H-UB delivery. No a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner.

That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for storewide deals and earn four times the points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings.

Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. Restrictions apply. See website for full terms and conditions. You're listening to... What are we waiting for? Well, what are you waiting for? One, two, ready.

Go. Investers Edge. With Gary Culper. And walk once again to Investor's Edge. In the news. Well, let's say in the Nudhouse news. North Carolina high school student is suspended for saying illegal alien in class. And not only, let me say this, he just asked the question about what an illegal alien is.

And he was suspended. You think the world's going. nuts? By the way, in the law, it says a legal alien. He was suspended. I don't know what comes of it, but the world is going freaking nuts. It's going nuts. No, really, it's going nuts. In the news, here's what's not going nuts. Hawaii, my home away from home, been there 12 times. Inside the late night parties where Hawaii politicians raped in money after the state passed a law, barring government contractors from donating to politicians, fundraising parties show just how completely the reform effort failed. These contractors went to parties and filled envelopes with cash and gave

it to the politicians. They are now just finding this out. A typical party could bring in thousands of dollars in donations giving some elected officials almost half their annual campaign hall in a single night. Hawaii. By the way, it's been well-known Hawaii. It's been well-known Hawaii in the past, there's been a lot of this crap going on, but they try to do something about what is called corruption. And now they are reeling again from a corruption scandal about taking bribes from prominent business people. And one of them decided to turn and wore a wire. And there's a few that are going to be in trouble. Yay. You don't think that's going on? Really? it happens in plain sight these days, ladies and gentlemen.

No, it does. Hey, in the news, you know, we told you, what was it? Intel getting millions. Well, Micron is now getting $6 billion in grants from the Department of Commerce. Not $6 billion going to homeless that need to have a house and some food. Like I explained to you, the homeless man that I met, that I helped out. But to Micron, who's made billions of dollars throughout the years, give them $6 billion. dollars to build factory projects that they can afford themselves.

Don't care of the veterans. Let's give it to Micron. Just letting you know. Just letting you know. I'm letting you know as president what I'd be doing. We've got to lift up the people that needs the most lifting in every way, shape, or form. And if we can do that, great. Hey, in the news, I just got this little thing

and I want to let you know about greatness. You ready? The time it takes to generate one billion in revenue. You're ready for this? Are you ready? Walmart, every 12 hours, one billion in revenue. I am not making that up. Amazon, every 13 hours, one billion in revenue.

Can that be right? Let me make sure that. Yeah. Apple every 18 hours, $1 billion in revenue. Alphabet, Google, one day, $1 billion in revenue, Microsoft one day, Costco, two days, J.P. Morgan, two days. Facebook, two days, Ford, two days, home depot, three days. Exxon Mobil, three days, AT&T, three days.

FedEx, four days, UPS, four days, Disney, four days. Unbelievable. billion. That is an unbelievable number. I just had to read that to you. We got such great companies out there. Unbelievable how much wealth these companies have created. I was reading, I think I said it the other day, Walmart, there's some managers making $400,000 a year that started out as cashiers. Remember when Bernie Sanders was complaining about Walmart because they were They weren't unionized? That yachts, Bernie? Yeah, go work 32 hours and get paid the same amount

while the next guy works 50, and you get fired and he gets promoted. Don't you love Marxists? Interesting, huh? Yeah, Walmart manager. They did a story about one that makes $240,000 a year. Start as a cashier. In the news, well, they're reporting on the things we told you a long time ago

that who the heck wants to sell a home with a 3% mortgage, which by the way was given to you by one man, Jay Powell, and now get a different house for a 7% mortgage. That's why there's not a lot of inventory. Who the heck wants to sell when you go to buy another one? And in case you don't know, go get what is known as an amortization table and just go put in a 30-year mortgage for half million bucks

or $250, whatever number you think, and use 3% and then goes use 7 and watch the difference in payments, not only monthly but over the lifetime. And of course, as we tell you, we think the 30-year mortgage is a scam. We think you should always do a 15 because you don't pay down the principal on a 30-year mortgage to like the 15th year. Maybe it's even the 18th year. And do an amortization table on a 15-year versus a 30-year,

your payments higher, but you're paying down principal day, And that's, I think, very important. Buy a little less house and do a 15 year. And I'm pretty sure that's about all I got in news of the day today. The Mets. I take it all back what I said after the first five games. They're playing great ball now. And as you know, I'm a maniacal Mets fan, so I'm a happy camper.

It's early in the year. They started out 0 and 5. Depression was setting in. I believe they're 10 and 8 right now. Yay. And my Knicks, the number two seed, my lowly Knicks, who haven't won an NBA championships since 72, I think they have like a little bit of a shot this year.

But they lost a great player the injury. We'll see how it goes. Netflix, now down more. We'll see how that affects thing tomorrow. Netflix, I got 22,000. bucks. That said, not a great day again. Markets under distribution. We'll let you know if it changes. Tomorrow will be on with Neil Cavuto, noon hour, Fox Business Network, check it out. And until tomorrow, have a great evening drive carefully. And when you get home, do like we do. Quite simple.

Make sure you hug your family. Make you hug your children. Make sure you hug your dog. They will feel better. You will feel better. I promise. Peace out all. Thanks for joining. Good night. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK.com. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries.

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