Investor's Edge with Gary Kaltbaum - THAT U.N [09.23.2025]
Episode Date: September 23, 2025https://garykaltbaum.com/garyk-radio/...
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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're here, ladies and gentlemen.
Happy that you are listening.
It is the 23rd of September, 2025.
Hope you having a good day in case you don't know.
This is serious talk on everything that affects you.
We'll do the markets, the economy, your job, your industry.
all the Morlocks in DC
and we're finding out more and more and more and more
about the worst administration
ever.
The last one.
Wait till you hear the latest.
Another four years?
And you know I'm no Trump fan.
Anyway, we'll get to that in a little bit.
And if you don't get this radio showed in your city,
we'll post it at garyk.com.
We'll also post it on our X feed.
You can just go to X.
and click on it.
You should follow us on X.
Also, you can go to BizTV, the YouTube channel,
and the other podcast apps and all that crap.
And if you'd like to email me, just be nice.
Everybody's been nice.
I had one person being not nice the other day.
Sent me as the weirdest email,
Oh, you're just copycatting CNBC's Fast Money Show.
No disrespect.
I haven't watched CNBC since 2008.
I have not
and again, no disrespect.
I just haven't watched it.
The only time I will watch CNBC
is I get
to know about what interviews
they're going to have if somebody like
Tepers on there or Tudor Jones
or Stanley Drucker Miller or Ron Barron
or Ken Langone,
somebody I really want to see,
I'll definitely watch the video.
I just haven't turned it on.
And again, I know for a fact,
there's a bunch of great people on there too.
But I just, you know,
anyway, somebody, you're just copycatting.
So I just wrote back,
it's a guy who always complains about me.
I just wrote back, dude,
you got the wrong guy,
but what can I tell you?
Such is life.
All right, ladies and gentlemen,
I wrote a few things down.
In no particular order, let's do the markets.
First off, the Dow was only down 88,
but the NASDAQ was down 215.
NASDAQ 100, 180.
What held up pretty well, the Russell was only down measly.
The semis were down just a little.
transports were up. It was kind of a stuff day. The oils had a strong day to day.
But there's a few, just so you know in oil land, you have the refiners like Valero in New Yearly highs,
but a lot of things near New Yearly lows. So it's a mixed bag in there. And you'd had some
bounces in defense stocks today, had some bounces in managed care. You had some bounces in different
things. The banks were very strong early, reversed all the way down, and finished minor
league green. That was, I mean, it was strong early. And I will have to say this at one time
today, and listen carefully, this could be important. The Dow hit 46-714, closed at 46292.
So last I looked at is 8 and 1422, a 422 point reversal to the downside for the Dow, which sometimes means you hit a little wall.
But you're going to get some rest.
And by the way, there's this old line, sell Russia Shana by Yom Kippur.
Russia Shana starts tonight.
You never know.
That's really about it.
But the other part I want to talk about, even today with the market getting hit, let me tell you what was strong.
You ready?
The no-sale stuff.
You know that no-sales nuclear thing that has a $21 billion market cap was up today with the market down.
I saw, let's see, a quantum computing.
stock that loses tons of money has like a couple of million in fees and is trading with a
$9 billion market cap. I've got also a if I can find it. Here's one, another quantum stock
that actually has some revenues. 27, 38, 50 million in revenues in the last year but loses
an awful lot of money. Let's see, $2 a share, $600 million last year on $50 million in sales.
No, not kidding. It's got a $21 billion market cap. It was up today.
How about, let's see, I'm going to throw out another one to you. Here's a no-sales drone.
No-sales drone. One point four billion dollar market cap.
And you know what I've been telling you?
I've been telling you that if nothing changes, by the way, here's a takeoff and landing air taxi, no sales, $14 billion market cap.
If nothing changes, listen carefully, if nothing changes, they're all going to crumble if we go into another bare market.
market not well when and maybe there's not another bear market for five years three
years one year one week I don't know if nothing changes and how do we know this
well the all of these stocks traded during the 21 22 bear market here's one that's
really going up big this is a the air taxi one the stock went from 14 to 3 it
in the bare market.
For instance,
how about,
let me,
I'm just going to pull out
a couple of more
from the bare market
and just letting you know.
Here's one,
went from,
let's see,
if you give me a second,
there you guy,
I found it.
How about eight
down to 80 cents?
How about that one?
Catching my drift?
Or,
hey,
you guys.
go, 23 down to 60 cents. A quantum stock, no sales. So we're just letting you know, and we've been
very blunt with you on this, they can continue higher. Why can't a no sales quantum stock that's
worth 20 billion go to 40? Why not? If it can go to 20. We're just letting you know, and I want
you to listen carefully because a lot of people are touting these things on the boards and the
social media. They are all going to crumble based on precedent if nothing changes. It doesn't matter
what they do, what they sell. It does not matter. They will all crumble. And again, we have gone
through every bare market, every bare market, and there's a constant behind it. Forget the fact we
told you that the leading names are dropped 70% because they got over owned, overloved, and all that
crap, companies that lose money will crumble, let alone the companies with no sales. So just keep that
in mind, and you better be listening to us if we start telling you that the market's
topping, getting in trouble and all that, and by the way, it's not, though some
areas had a rough day today. I just wanted to start with that. And the other part I wanted to
start with also, we have warned you also about the overheated IPOs, the initial public offerings
that are coming public and they're opening them too hot. We just want to let you know one,
and we also said yesterday, and a bunch of them lose a lot of money and have ridiculous valuations also.
here's one you ready symbol fly they opened it at 74 dollars from a 45 dollar IPO they reported another
big loss and a drop in sales and the stock was down 15% to 42 bucks 74 to 42 it's called firefly
aerospace I got to start looking up what they do it's probably cool
And also, I found another one.
Well, I've done a few of you.
But recently, MNTN.
It's called MNTN.
Well, that's a symbol.
It's called Mountain.com.
And another constant.
They lose a ton of money.
Well, they opened it up at 32.
It's 18.
Last I looked, that's in the 40s.
In the 40s.
So just be careful.
Everything we do, we take out of the market.
it tells you. And the market's been telling this for weeks. More today of that. Up next.
More on the markets. And some whining and complaining. This is the one only Investors Edge.
Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome
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422-5-5-9. That's 888-4-22-5-5-9. Investment Advisory Services offered through call bomb capital management.
Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's
chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential
to create smarter business?
My one advice to them.
Pick areas you can scale.
Don't pick the shiny little toys on the side.
For example.
If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind it.
If anybody is not using AI to make their developers who write software 30% more productive today,
with the goal of being 70% more productive.
Yeah. Wow.
So we are not asking our clients to be the first experiment on it.
We say, you can leverage what we did.
We're happy to bring out all our learnings,
including what needs to change in the process,
because the biggest change is not technology,
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.
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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.
Next.
So, I was thumbing through my usual informational movements.
at night last night.
And what do I mean by that is I'm reading through important news and also a little bit of opinion.
And yesterday on the show we had mentioned to you about the move in invidious, a strong move on volume,
big announcement with AI and chat, GPT and all that.
But I had said to you there's something called vendor financing.
And that in the year 99, 2000, you had companies doing deals with other companies, investing in companies, given them money to buy your product, vendor financing.
And that really started trouble.
So, Nvidia did this deal.
They're talking, I mean, 100 billion bucks or whatever.
but everybody who was posting last night was saying this is just like the vendor financing.
It's a incestuous circle and it does not hold any water.
Well, NVIDIA was right back down $5.40 today.
Like that $5.20 giving back a lot of yesterday.
Huh. We own a little bit, very tiny position if it breaks the 50 day, which is not far away.
Good night, Irene.
Anyway, go read up the words vendor financing, and you'll see what we're talking about.
You got that?
And I'm not making a comment on that, but I got to tell you if it is the case, a big o'o.
because what ends up happening, you are booking revenues with your own money.
That's what the accusations are.
We're not accusing them.
But that's what happened in 99.
I believe Lucent and a few others.
So just let you know on the NVIDIA, which did not help Oracle pulled back today.
Oracle was up like $25, 26 bucks.
Yes, they was down like 14 today.
The queues got hit.
As I said, there was big reversals in the banks.
I got one major name just breaking down today.
And that's Amazon.
And I have been telling our peeps, I still wonder whether the big gap to the downside in late July holds sway, even though it's rallied up.
But it's rallied up with the market.
and the first day the NASDAQ is kind of down, it got squash today,
just slamming through the 50-day moving average.
We'll see what happens tomorrow, but that is not a very good look for Amazon.
I can tell you Microsoft is hovering right at the 50-day and still having a little trouble there.
Netflix is hovering right at the 50-day and Spotify, which had a good move a few days ago,
gave a lot of it back today, so that's not
great news. And there's some other
big names that are just miserable. Salesforce.com,
Adobe and things like that.
The strength, though, is
the broadcom, Nvidia,
though, rough day.
Meta
rough day today, heading back towards
the 50 day. We told you about
Oracle, and Tesla finally had a down
day today.
And that was due.
That's had a pretty big move in
short order.
Themis are in shape today, mostly.
United Health bounced.
But I don't have the you know what's to play United Health when there's a criminal investigation on it.
You know when I'll buy it?
When I see the CEO walking into the White House.
Somehow every CEO that walks into the White House comes out with good news.
Have you noticed that?
Well, I have.
So we just wanted to let you know
Still a lot of froth and speculation
Ridiculous valuations
And we promise you
We will inform you
If that time comes
When that time comes
And again, we did it for you in 22
We did it for you right before COVID
We certainly did it in the 08-09
I believe 11, 2011
There was a blasting also in the market
we'll stay on top
why because you can't hide bad action in the market
you can't hide breakdowns in the market
and you gotta assume we know what a breakdown looks like
an uptread and downtrend and all that crap
and that is all by the way
that's a you heard my phone
that's another spam call
I get so many damn spam calls
don't you
I don't I don't
every net like one every 20 I'll answer
and you hear the boom
and then somebody comes on
Hello, this is so-and-so from so-and-so.
We looked you up and we can give you a loan of $150,000.
Yes, all right.
Anyway, another spam call.
How about that?
What else?
Oils.
Just watching a few.
And that's the first time I'm really saying that.
I said recently they're better, but nothing spectacular.
transports. In case you don't know, there's a merger with Norfolk Southern and Union Pacific,
and it looks like the president or the department or whatever is going to let that go through.
So that got bit up a little bit.
Restaurants, exchanges, insurance, staples, which bounced a little bit today.
A lot of the big biotech, those small, there's a bunch of speculative biotechs doing
better. Here you go. You ready? This is the message I got from that spam call. Hi, this is Anthony
with the business finance support team calling you regarding the business credit line available
$68,000. I mean, how many of these people are out there? Seriously, they're so kind. They're going to
give me $68,000. I appreciate that. How sweet. Usually it's 600 and 8,000.
So this one is cheapening me.
Mike Rom reported after the close looks like good numbers.
Was up to 176.
It's only 168 now, but this is very extended.
The stock has gone vertical as of recent.
And they better come through with those numbers.
And that's about in on the markets today.
Let's see, the 10-year yield pulled back today.
Good to see. Oil prices spiked up, though. Not good to see. Last thing we want to see is oil prices spiking higher. Just so you know. Mui Importante. Very important. Don't want that happening. Broad market, not that great today. They pull back some of the China. And that's it. Up next. News of the day, this is the one only in the
bestor'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 that, 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,
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.
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You're listening to.
America is talking.
Investors Edge.
He's got to be pleased with that.
The crowd is just on its feet here.
He's a Cinderella boy.
Gary Colbaum.
It comes highly recommended.
You're going to feel better if you talk to him.
And welcome once again to Investors Edge.
So a few bits going on today.
Oh, let's start with Joe Biden and Kamala Harris.
We do this.
We take on the leaders of this country
because they've all let us down.
I know the people out there that are listening that love Trump,
he's running 2 trillion plus deficits this year
he did nothing about it
he didn't tell the truth
we have to call him on that
now a lot of that is Biden
but the president had every opportunity
to do something about it
Biden did that 1.8 trillion bull crap
the inflation reduction act that Biden came out
admitted
had nothing to do with
reducing inflation.
And the, well, as I say to you, if I was president, that crap is cut in half before you boo.
And the reason why the President Trump doesn't do that or the Republican Party doesn't cut that out is very simple.
Government spending goes towards GDP.
And if you pull back, it hurts.
Screw the long term.
anyway, that would be number one.
And you know my other complaints of Trump,
but as I have stated,
we have never seen anything like how bad Joe Biden was.
And unfortunately, the corrupt sleaze bag of media
covered up everything from 10 million people coming in,
people dying, crossing rivers and in the back of trucks,
children missing.
Do you remember how they ripped Trump in his first four years about breaking up of families?
They were running 24-7.
Guess what Biden did?
You know how many children was missing?
Tons.
Media covered it up.
And they told us the borders were secure.
They completely lied about it.
He ran $2 trillion deficits.
Afghanistan, we're the Afghani women now.
We're back to the dark ages.
leaving a ton of artillery and military crap over there.
I can go on and on and on and on and on,
but we find out more today.
And we kind of knew this,
but we find out more how bad the worst president ever.
You know, they're all complaining about speech now, right, and free speech?
Remember that, right? Well, Google has come out and admitted the following, officially and publicly, to the House Judiciary Committee.
The Biden administration pressured Google to censor Americans and remove content that never violated YouTube's policies.
the Biden administration's sense of pressure
this is what Google's saying
unacceptable and wrong
Google is admitting
that the Biden administration didn't give a crap
about your free speech
we already knew that
you know how we knew it
when we went on Google
and put searches in
and wacky things showed up
and stupid things showed up
or nothing showed up
based on left versus right
we knew
so now we know
Joe Biden didn't give a crap about
free speech either
and of course
Zuckerberg has also said the same with
Facebook
but I got one more for you
what have we told you here
who we are
Well, we're big believers in we're all equal.
Every race, creed, color, gender, denomination, short, tall, fat, skinny, blonde, brunette, redhead, doesn't matter us.
We treat you all as equals.
We don't care if you're the CEO with a janitor.
We don't care if you clean the toilets of the building.
You are more important than the CEO because there'll be S-O-L.
if the toilets ain't working.
We believe waitresses and busboys matter big time,
but you're not getting served at your restaurants.
Nurses, doctors, firefighters, policemen, revere them, every single one of them.
Unless they like Hamas.
And we also believe in not choosing based on ever.
Doesn't matter.
If you earn something, we don't care who you are, what you are, how you are, and all that crap, as long as you lead a good life legally.
Very simple, right?
Kamala Harris in her book says she didn't pick Pete Buttigieg for vice president because he's gay.
And she had to admit it.
And when she was asked by Rachel Maddow and on MSNBC, she says, no, no, no, and then answers it and says yes, yes, yes.
so now we know that Kamala Harris is a homophobe.
The vice president was a homophobe.
Would not pick somebody because they're gay.
Just want to let you know what we were dealing with for four years.
It all comes out.
It all comes out.
The worst administration ever.
And we've had some bad ones.
And as you know, we're no fan of Trump.
Trump, let in 10 million people. We don't know where a bunch of them are, and they admitted that, by the way. We're not sure what people are. Massive debt and deficits. Oh, I forgot the inflation part, which, by the way, I don't give him much of the blame. I give him a little. It was mostly Powell. Just letting you know who these people were. And yet, when Ms. Harris was on The View Today, and I didn't watch it, but you get these little videos, they were treating her like sweetheart.
Imagine if that was a Republican that did not pick somebody because they were gay.
Huh?
What would the view do they be having crap fits?
Well, that's what we're dealing with, ladies and gentlemen.
The media is full of crap, and certain people are full of crap.
A lot of them are full of crap.
Anyway, I just wanted to let you know because that's what we were dealing with
as he took us to $2 trillion yearly deficits.
just letting you know while his family got very very rich and while he handed out our tax dollars
at the end of his term to all kinds of miscreants Stacey Abrams go look her up
oh by the way they interview her like she's a sweetheart just another corrupt and she never
became a politician she lost every time but they sure know how to get money through NG
and charities.
There's a lot of that going on.
Which takes me to the UN speech today of the president.
I'm going to watch the whole thing tonight.
But I wish he'd stop embellishing.
There's some, my love-hate relationship with him.
He said some good things, but, A, there's a place and there's a time.
And don't get me wrong, I hate the UN sucks.
Nightmarish.
Nightmarish.
A horror show.
The UN sucks.
Antisemitic crazies.
Human Rights Commission
with the most nefarious pieces of crap around the world.
Too much of that speech as I was watching today.
Too much embellishing.
And everybody knows the embellishments.
I wish you would just stop.
I wish I can sit down with him.
Don't need to.
He wouldn't listen to me, right?
All right? Up next.
That was plenty, right?
This, that, and the other thing,
this is the one only investor's edge.
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.
Right?
Yeah.
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.
Want to earn extra income for your business?
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to assist with local deliveries.
When you become a partner,
you and your staff will deliver packages
to customers in your area
on a schedule that works for you.
With each package delivered,
you'll gain extra income and exposure for your business.
Plus, Amazon Hub delivery makes it easy to get started.
There's no upfront costs,
delivery experience, or long-term contracts required.
Sign up to learn more at Amazon.com slash hub delivery.
That's Amazon.com slash HUB delivery.
Hey, it's Ryan Seacrest 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-Sun, 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.
What are we waiting for?
Well, what are you waiting for?
One, two, ready, go.
Action!
Investors Edge with Gary Culper.
And welcome once again to Investors Edge.
And to make sure you know we discuss these other things,
because they matter. They matter.
1.2 trillion of your tax dollars is going towards interest because of them.
You can know that?
1.2 trillion.
Do you know our whole federal spending in the year 2000 was 1.8?
These are legalized crimes brought to you by Trump, Biden, Trump, Obama, Bush.
They just really started going nuclear on us under Bush.
And if you notice, Bush is gone.
Obama's gone.
What do they care?
Trump is back and he's doing the same.
And Biden's gone.
They don't care.
And just so you know, when they report the GDP's 3%.
If you took out government at this point, just so you know.
Government spending has quadrupled, more than quadrupled, since the year 2000.
Why is our government quadrupled since the year 2000?
Somebody want to explain that to me?
Well, Social Security, Medicare, Medicaid.
But wait a minute.
Didn't we all put our money into those to get out?
Oh, that's right.
Ponzi's and no preparation.
as people live in longer and they do nothing about it.
I got to give the president credit.
They're actually talking about raising the retirement age for Social Security.
Just so you know, it looks like it's necessary.
And if they did do it, you know what's going to happen.
The other side's going to tell you that they're throwing grandma off the cliff.
But the other side was a 50% cause.
This is all coming down the pike, ladies and gentlemen.
Just letting you know.
It's all coming down the pike when I don't know and where.
In other very important financial news,
the new guy that the president put in said that Jay Powell,
which just went to 4% on the Fed funds should be at 2%.
No, he should not.
As I told you, president is going to put in puppets that want very low interest rates.
Puppets.
That's what we are going to get.
And unfortunately, it's going to cause huge inflation if they do that.
That's what easy money does.
Inflation is a monetary phenomenon.
J. Powell caused it with his ridiculous printing.
0% interest rates also
and notice how inflation came down when he stopped printing
and started raising rates.
We told you.
But the reason he doesn't get blamed
is because he's not a politician.
He's getting blamed now, finally,
because they want his you know what out.
So we're worried.
Because in the next May,
the president's going to put him himself
to run the Fed.
and what we mean by that is anybody he puts in
we'll have to do exactly what he wants,
which is he said 1%,
which would be sheer insanity.
What it also may do and what it also could do
is do the opposite.
They lower short-term rates,
which, by the way, takes your money market funds away,
and long-term rates go higher, squeezing you on your mortgages.
Just want you to remember that.
And we say that, we ain't kidding.
We have a pretty decent feel.
We have a pretty decent feel.
A very decent feel for the bond market and the Fed,
as we have proven it to you for many a moon.
As bad as Jay Powell was,
he hasn't been so bad recently.
He's stayed stable.
If I was president right now, I would be at three and three quarters.
Another quarter point down.
Maybe three and a half.
That's it.
And then steady as she goes.
We worry there's going to be no Fed independent.
There's going to be no Fed independence.
It's a guarantee.
Unfortunately, it's a darn guarantee.
I wish I had better things to say, but it's a darn guarantee.
And it's coming down the pike.
We'll be on top of it.
We think they learn their lessons on the tariff front.
We don't think there's going to be any more of that coming down.
We'll let you know if they decide.
But I'm pretty sure a 10% crash in two days takes that off the table because that's
exactly what happened in early April.
And is by no accident, by no accident.
by no accident
markets turned up
when they went away from Liberation Day.
I've received a ton of email
on this autism thing.
I know nothing about it.
I just don't trust Robert Kennedy
as far as I can throw him
and I worry about it.
We'll be reading up a lot more about it.
That all said, you have a great evening drive carefully
when you get home, do like we do.
Very simple.
make sure you hug your family, make sure you hug your children.
They will feel better. You will feel better. I promise they will be well. Thanks for joining.
Until tomorrow. Peace out all. Good night.
This has been Investors Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in
contact with Gary, go to GaryK.com. That's GaryK.com.
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