Investor's Edge with Gary Kaltbaum - The bigs! [04.16.2024]

Episode Date: April 16, 2024

https://garykaltbaum.com/

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Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you're listening. It's Tuesday, April 16th, 2004.

And my dog, Winston, is cancer-free. That's today. In case you don't know, November of 22, my dog, who, by the way, is my shadow, if I'm having a bad day, I just go see my dog and I am his end all be all. So in November, they diagnose him with aggressive cancer, the worst kind. And he was about, I think he's, I think he's 12 right now. and they wanted to put him on chemo and we decided okay we'll try it so they did the surgery first they took it they took it out but they said it's aggressive and you know we can't promise

anything so he goes on chemo and in two days the chemo just stopped some deadness tracks couldn't even get up on the bed so we called the doctor and said screw this we don't want him living this way and we thought he didn't have a lot of time left. So a year passes, and we get him, and we're doing like every six months, and they found it a little bit more, but nothing horrendous, and they took it out. And it's now 18 months later, and mind you, I think they gave him like 9 to 12 months. 18 months later, nothing. bupkis

cancer-free and I haven't spoken to the doctor my wife has I don't question because you never know what's going to happen they actually said you never know they actually are calling it

a little bit of a miracle just letting you know Winston is hanging with Gary so it's a very good day and just wanted to start with that hey in case you don't know this is Investor's Edge It is serious talk on everything that affects you.

We will do markets. Oh, and we'll do markets. We'll do what's going on in the world and the economy and things that affect you. We're going to do the election in a very big way with no bias because we can't stand either of them. No agenda, no ulterior motive. We'll just tell you like it is. And of course, what they're doing to us with debt and deficits, it is the faceless, supposedly invisible thing

that doesn't you don't think affects you but boy oh boy and if you do not get this radio show and you say by the way I'm feeling so good today because my dog we'll post it at gary k.com we'll also post it on our Twitter feed which is now X and if you want to see a picture of my dog go to X because I posted the news with a picture of Winston

and if you want to email me all you got to do is be nice that's it so where do I want to start today. A few things that were sticking out today in the news, Jay Powell was speaking and said three or four different things. I will tell you the NASDAQ went up 100 points, down 100 points, up 100 points on his words, which sickens the heck out of me. But when all of a sudden then, the markets are pretty much ignoring him. The most important part of the equation, though, is the 10-year yield went up another

point 3-1 today to 4.659. And the more it goes up, the tougher it's. is for them to lower rates, which really doesn't matter because as we told you, and nobody really believes us because for some reason all they want to do is talk the Fed. Just watch the 10-year yield. If rates keep going up, it doesn't matter what the Fed does. That is the free market. That is the big money, the institutions, that is the buying and selling of traders, speculators, investors, and they're smarter than anything Jay Powell, the rest of these miscreants at the Fed does. So, just you, just letting you know interest rates up again today. And we are watching them closely.

That's number one. Ten-year yield, Powell yapping, and he said like three or four different things, but I'm pretty sure he's starting to maybe listening to this show. Because as we said, the higher the rates go, the tougher it is for him to lower rates. It's as simple as that. Coming into today, advanced declines terrible, more and more stocks breaking down, more and more areas, bad reaction to earnings and like JP Morgan, which is of import.

And of course, we have thousands more earnings to come out. Let me just state it as best as I can. Fewer and fewer stocks are working. More and more stocks are going by the wayside, away from up. up trends into some sort of downtrends. They first flattened out and then started to roll over. So more of that's going on. And a few other things that are sticking out for me is that some big banks,

JP Morgan stock is really tanking. Goldman Sachs gaps up yesterday, only up half the way and then drop today. Bank America breaks support today. City Group break support today. By the way, these are on earnings reports. And that's really what matters most when all is said and done. City Group today took out the 50-day moving average pretty darn easily. By the way, earnings down 28%.

Bank America on 144% of volume increase. Earnings down 19, revenues down 2, cracks the 50-day moving average today. J.P. Morgan already did it. You know about the regional banks that are already in bad shape because they're quasi-bond funds, meaning they bought a ton of long-term bonds, and if interest rates go up, they're losing more and more money, even though when they hold to maturity, they'll get all their money out. But in the meantime, big losses. So that's happening. I'm going to give out the final numbers in a minute, but another crappy advance decline day.

And we've explained to you that before. We'll explain it again. We get the advanced decline figures every day on the New York and the NASDAQ. versus what the indices actually do. And the way this market is set up that there are a few names that a big influence is on the index. So you can have, let's say there's 100 stocks in an index. You can have 80 stocks down and 20 stocks up and the index be up. Because those 20 stocks have 60 stocks have 60.

percent influence. The 80 stocks have 40 percent influence. And that's what we're getting right now. So on today's show, we're just going to tell you, just letting you know, these names are holding up. They're trading flat, but they're holding up, they're not breaking. And they all have the same characteristics. They're big. They're very liquid. What does very liquid mean? There's a lot of shares outstanding. So for institutions to move in and out of them, they're much easy to move in and out. What's the problem with that? Normally, when the market's getting in trouble, the selling of other things, they will park the money in the big stuff until the finally get the big stuff. Remember, the last thing to drop in the 22 bare market was the big ones. So that's to be watched closely.

and today was another one of those days where advanced declines were terrible, but a bunch of names were sticking out like sore thumbs that don't want to budge and we're actually up today. We'll get to that in a little bit. What else interests me today? Well, you know, we don't mind government, but we want good government. And what we mean by good government is, number one, recognizing that it's we the people. that we run the country, they work for us. And unfortunately through the years, it is now we work for them.

And of course, they now do it with massive, gargantuan, monolithic, unimaginable, uncountable debt and deficits, brought to you by the last few presidents, now brought to you by the greatest Marxist control freak we have ever had in the history of this country with debt and deficits. But we also have these justice departments. And one of the Justice Departments, the DOJ, looks at what they call monopolies. They don't like big companies. They don't like what is called monopolies. Oh, there's too much of you when you're impacting others, this and that.

Instead of thinking, well, maybe they're doing something right. So they have gone after big companies in the past. They broke them up. And we're not going to argue that maybe some of them were monopolies because they gained too much market share. and they've broken up companies in the past, and they've fined companies, and they've chastised companies and all kinds of stuff. The latest being now Live Nation, in case you don't know, the Ticketmaster, they own the venues, as well as the ticketing, and the Justice Department's now pissed off.

And they're pissed off because what happened with Taylor Swift and it went down, and this and that, but I'm here to tell you, and I'm not here to defend companies, I'm here to defend facts. When you go on Ticketmaster or Stubhub and you pay for tickets, that's a free market.

I don't know if you know that. It's a free market. When you pay a lot for a concert ticket because you want the front row, you're buying it from somebody else. Up next, we'll talk free markets. Then today's market. and other stuff.

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

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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 ache 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.

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 IHeartRadio. Listen now wherever you get your podcasts. When energy dips, your reviving routine deserves more than a quick fix. Reach for vital proteins, collagen, and protein shaking chocolate. With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair, skin, nails, and joints in a smooth. ready to drink, shake. So your afternoon reset actually sets you up for success.

Vital Proteins. Stay vital. Visit VitalProtene's.com and get started. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. Cashflow crunch? On-Dex small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses

without missing a beat with flexible draws, transparent pricing, and control over repayment. Get funded quickly and confidently. Apply today at ondac.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. OnDak does not lend in North Dakota. All loans and amount subject to lender approval. 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, free markets, if I want to go to a Billy Joel concert and I want the front row, well, I may have to pay $1,000 for that ticket. And who am I buying that ticket from? It's now aftermarket, because once tickets are sold at the regular price, it's supply and demand. And if somebody wants to pay $1,000 for Billy Jones, you're going to do it. And Taylor Swift, I mean, the prices are insane, but people are willing to pay that price. Same for the Super Bowl. And of course, in Europe, you can go to Europe and watch Taylor Swift and pay 30% of what you would pay in New York City.

It's just the nature of the beast. Now, one of the big complaints on Live Nation, though, is how the regular tickets, when they first come out have the ability to be bought. And the worry is a lot of these bots or these big companies are sucking them up through computerization and stuff. And that's why a lot of these now have the thing where when you go in there, you got to put XJ 493, 3, 2, 6 in there to show that you're a person and not a computer. But my main point is that Justice Department, I think it's got it's wrong. When you pay a high price for an in-demand event, it's the nature of the beast. That's how it works. You know, when you see a Mickey Mantle rookie card go for a bazillion dollars, that's the marketplace.

And maybe the price is too high and it's going to come down. But at a given point in time, that's the marketplace. And we all have the freedom to decide, well, am I going to go in the front row of Billy Joel and pay $1,000? And maybe I'll go to the eighth row and pay $800. Now, there's another complaint I would tell you, Masters, just so you know, on Stubbub, the Masters for Saturday was $2,100, and then when you went to pay it, it was $2,800, there was $700 and fees. Well, that pissed me off.

The good news is I knew somebody and I got it much cheaper. I think there could be better full and fair disclosure. They tried doing it where all-encompass prices were up there, and then they went back the other way. for some reason they said it didn't work for them or whatever so yeah I think they can fix it up a little bit but I'm a big believer in the free markets and the way I see things if you want to pay a thousand bucks for a ticket it's the nature of the beast people were paying $10,000 for

WrestleMania front row through the WWA people want if they want to pay it they have every right to so I don't get this Justice Department doing this but sometimes you get a Justice Department run by whoever the administration is, and this is the most anti-business administration I've ever seen. They hate business, and they hate the wealthy and the successful. You make too much money. You're a tax cheat, and we're coming to get you. And then they complain about the tax code.

Who was complaining about the tax code the other day? Somebody who's been in Washington for 45 years, has complained about the tax code. He was right in the tax code. And if you notice, you know, go look up the words, how many pages in the tax code? And by the way, it's not just the tax code, but it's also all the court cases for the tax code. There's a bazillion pages. They made it confusing.

Gary Culp on the President of the United States, you know what one of the first things he does? One of the first things he does. And the accounting industry is going to be pissed off. but for the average American we're going to have a mortgage write-off you're going to have business write-offs and we're going to make it unconfusing and for the average American that's an employee

boom boom boom you're done but no the cost to comply for the tax code is gargantuan gargantuan that'd be one of the first things I do next thing I just want to bring up because I get accused of, you know, hating Trump and stuff like that. And I do.

I can't stand him. I can't stand Biden. I wish there was two other people. Sorry. But I will tell you again, these trials on Trump are targeted trials to get the guy by a bunch of lefty hacks that are in positions of power. This latest one he's in, just so you know, they made him felonies. What he's being charged with were Mr. Meeners. They made him into felonies by just making crap up.

I'm not even saying he's guilty or innocent, but they made misdemeanors into felonies targeted. If I'm him, I'm really pissed off. I don't blame him. And don't get me, again, I think he's done a bunch of stuff. But do you think if it was Joe Biden doing all these things, they even investigate the fix? is in, ladies and gentlemen, I just want you to know that. And I can't stand the guy. The fix is in.

Don't ever piss off people in power. Why do you think I always say I love the IRS? And by the way, I mean that. I think that people who work at the IRS are good people. They don't want to screw you. They have a bad reputation. But the worry is, Biden, if you make too much money, you're a cheat, even though his son's a job. cheating even though he's a corrupt piece of crap. And again, we'd say it to his face. Lastly, Israel,

my guess is I was thinking that they were going to target things in Iran. Iran. I'm not so sure. They're definitely in the next couple of weeks going to target some things. I'm actually not sure

where. But the bigger story that's being ducked a little bit, Hamas is saying now they only have 20 hostages, even though 130 are unaccounted for. The pricks murdered the other hostages. And this is who we want to negotiate with? Okay. You ready?

NVIDIA. Netflix. Broadcom. Amazon. Google. Dell computer. Microsoft. Micron.

Meta. Facebook. Qualcomm. What do they all have in common? They are mega caps. They're not large caps. They are mega caps. Amazon has a market cap of $1.9 trillion. Broadcom, $615 billion. Dell, 86 billion. Microsoft, which is big in an Apple now. over 3 trillion. Micron, 134 billion. Meta, almost 1.3 trillion. Nvidia, 2.2 trillion. Netflix, 267 billion. Qualcomm, 188 billion. So you've got some real mega caps, and then you got some big caps. What they all have in common is they are a huge. part of the NASDAQ, NASDAQ 100, and they are really holding up better than everything else

out there. Most everything. Up next, we'll explain the consequences of that. I'm Gary. This is the one only investor's edge. 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 egg 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 the

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 IHeartRadio. Listen now wherever you get your podcasts. Energy dips, your reviving routine deserves more than a quick fix.

Reach for Vital Proteins, Collagen and Protein Shake and Chocolate. With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair, skin, nails, and joints in a smooth, ready-to-drink shake. So your afternoon reset actually sets you up for success. Vital Proteins. Stay Vital. Visit VitalProtines.com to get started. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

flow crunch. OnDak's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at ondeck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by Ondek or Celtic Bank. Ondek does not lend in North Dakota, all loans an amount subject to lender approval. We're listening to America is talking. Investors Edge.

He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So, when we do our scans, I can't begin to tell you how many stocks have done what we call gone by the wayside.

They have taken out support areas, moving averages. some really bad, some not so bad, but a ton. What is holding up is a lot of large to mega-cap tech names. And we mean by holding up, they're not going up, but they're sitting. But their relative strength lines are going up because so many things are going down. By the way, I also have to mention some semiconductor equipment names like applied materials, KLA, Tank Corps, Lamb Research, and ASML Holdings, which is. ASML. This is a select few bunch of names that really hasn't budged. They've stopped going up,

but they ain't gone down. So let me start by saying if those names break support, then we're going to be talking about 10% correction in the NASDAQ, if not more. Why major influence on the index? Major influence, if they hold We'll see if the market can repair itself. If they can break out of range, we have to make a decision if the market's strong enough that they will work and work well. But we're letting you know that's what's going on right now in the market.

Fewer and fewer, less and less, more and more breaking support levels that basically, again, for us, go by the wayside. And of course we know massive amounts of earnings to come out, and we'll see. But I can tell you today, let me just give you some numbers today before I give you the numbers on the market. Advanced declines on the New York, that's the New York Stock Exchange, 1,272 up, 2822 down. Another terrible, advanced decline day on the New York with the day. up 63. But of course there's some extenuating for that. United Health today, which has been

absolutely blasted recently. United Health just in the last, in one day went from 480 down to 450 on some news about payments from the government. It was up $23.26 today, 23.26 times 6.78. It was up 157 Dow points, but the Dow was only up 63, so that means the rest of the Dow names were down 94. It counts because every name counts, but United Health is still in a bare market. So bad advanced declines today, and what does that mean? A lot of stocks going down, a lot less stocks going up. What does that mean? A worsening of the average pattern. And the NASDAQ, which was all over the map today. J. Powell was speaking, and as I said to you, I'm letting you know the NASDAQ within minutes went up 100 and down 100. Well, the NASDAQ finished

down 19. NASDAQ 100 finished up 7. Not bad, but advanced declines were 1447 up and 26, 25 down. That's another terrible day for the advanced declines. And if you look at the advanced decline chart of the NASDAQ, it's now into the lows since it's starting to get towards the lows of October, which means the big caps are getting the money and underneath the surface is weakening. Let me give you another number. On the NASDAQ, 329 new yearly lows. It's expanding. But the NASDAQ's not near New Yearly lows.

What does that mean? Underneath the surface. It's getting in trouble. New Yearly highs on the NASDAQ? It's showing 24. But I have to tell you, as I look at the 24, I'd say knock it down to maybe 8. 6.

I see a bunch of SPACs that just sit at 10 bucks. I see a Bank MCBC that's being bought out I see a biotech with no sales There's really no new yearly highs on the NASDAQ This is telling Because the NASDAQ at one time today Was up like 70 or 80

When Powell was speaking So just letting you know Now one other name that stuck out like a sore thumb today was super micro, that's that SMCI, was up 93 bucks today. I didn't see any news. And volume, while it was 35% less than average, was much better than the last few weeks,

and broke back above the 50-day moving average, which is imperative to give something a chance. I did not see any news, and I'm looking, because sometimes you find out their upgrades or positive comments or they said something, I do not see anything as of this second. A lot more earnings to come out. Be ready. But I must tell you again for the record, I did not like how these big banks are reacting to earnings and they have been a tailwind for the market becoming a headwind. I do not like how the transports are acting. The

rails and a bunch of the truckers, not all, are acting terribly. The transports have top pretty darn good. And again, those advance declines. It's the opposite of bullish. Just letting you know, the opposite of bullish. If anything changes for the better, we'll let you know, just like we just mentioned, Super Micro. That's a little change for the better. Let's see if it follows through. The rest of the week, Travelers in the Dow reporting, ASML Holdings before they open tomorrow. I'm interested in that. U.S. Bank Corps, Las Vegas Sands, Discovery Financial, CSX. That's tomorrow. Thursday, Blackstone, Comerica, Elevents, Alley Financial, Alaska, Key Corp. After the closed Thursday, Netflix. That'll be of important. May I state for the record.

I think Netflix has a nice little acceleration of earnings coming up. We'll see if that helps. And of course, what they did was smart. No more sharing the password. You better buy it. Intuitive surgical SEI Corp. Taiwan Semiconductor PPG Industries. American Express in the Dow.

Procter & Gamble in the Dow. That's just this week. That'll be Friday. So we'll be ready. But man, oh man, more advanced decline days like this just weakens the market more. We're open to all outcomes. Markets oversold. We thought maybe it can bounce today, and it was trying until the close.

But the money flows into some of these bigs and super micro today. And we'll see what tomorrow brings. Next, I've got to bring up as Apple. So they rammed Apple up for two days as they announced an AI chip. for their max. I'm giving it all back in two days. Drop 3.30 today. Very weak going into earnings in 16 days.

Wow. That's even surprising for me. And I know Apple's been in its own little bearish phase. The ability of Apple to get rammed to the upside and right back down to the downside, that is unlike past years of, Apple, trying to come out of bearish phases. With rates higher again, housing stocks and housing related, yonked, things like the Home Depot and the floor and decor, yonked. That's going on. And let me just repeat, yuck, except definitive, big name, tech, better. We'll get

get random bounces in some of these stocks that have been hit. You know, drop 20 rally 4, drop 10 rally 2. That doesn't change the trajectory. Up next, what else? We'll figure it out. I'm Gary. This is the one only investor's edge. 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 ache 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 IHeartRadio. Listen now wherever you get your podcasts.

When energy dips, Your reviving routine deserves more than a quick fix. Reach for Vital Proteins, Collagen and Protein Shake and Chocolate with 30 grams of protein and 10 grams of collagen peptides. It helps support healthy hair, skin, nails, and joints in a smooth, ready-to-drink shake. So your afternoon reset actually sets you up for success. Vital Proteins. Stay Vital. Visit VitalProtines.com to get started.

These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at ondac.com.

Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota. All loans and amount subject to low. under approval. You're listening to what are we waiting for? Well, what are you waiting for? One, two, ready, go. In the investors edge with Gary Culper. You know, so basically that's the story.

Interest rates are going higher. The market's under pressure. We're not sure if it turns into something really big. Right now it's just corrections, but corrections can be painful, especially if in the wrong stuff. I'd say rates, yields are a little bit overbought. Maybe they pull back. Maybe that helps. I don't know.

All we can tell you is that another day of weakening, wish I had better news. Foreign markets are weakening also. That doesn't help. And things that have been weak all along, just the solar stocks, gosh, China, which was trying, just taking right back down. The week get weaker. Oil prices are pulling back a little bit. They were a little ahead of themselves.

Gold was up today, but gold miners, they're starting to be a little iffy. But for me, watching closely, these big names, they better keep them up. If they can't, and they start taking out those 50-day moving averages, we'll see 10% plus NASDAQ. Notice the word,

if? Headline, the U.S. award Samsung, 6.4 billion to bolster semiconductor production. And this is a gift. It's not alone. And Samsung, I don't know exactly how much revenues they have and how much money they make, but I'm pretty sure it's a lot. And I got nothing against them. Great company. Samsung revenues.

Let's take a look. If I can find it. I don't know why I can't find it. Global revenue. 269 trillion South Korean won. How's that? 194 billion U.S. dollars. They did 194 billion in sales last year.

We, the United States, are given them 6.4 billion of our tax dollars. and yes I know we give to oil companies were given that but I'm just bringing this up because we're running a two to three trillion dollar debt deficit this year brought to you by the Marxist control freak in the White House and when I'm looking at this all I'm thinking and it could be anything because this is just to be a headline

any of you that live in Manhattan or Portland or San Fran or Oakland or some of these cities that have a decent-sized homeless population. I know they live in tents in some areas of Los Angeles. What if they took that $6.4 billion and said to Samsung, hey, Samsung, sorry, but we've got to take care of our homeless.

And especially a lot of these homeless are veterans. that fought for us, this country, the brave. And what if they took that $6.4 billion and designated directly for those homeless? How far can $6.4 billion go if you did it efficiently and effectively? Food, clothing, housing, medical care. I think it could go a long way. A long way. But they don't.

it's almost like an afterthought which takes me to my next point here's the other headline 7.2 million illegals and they're illegal by the way since Biden president that's more than the population of 36 states

and you now have you new York city housing them illegals medical care food. And I keep thinking myself, what the is going on here that they're ignoring our homeless veterans but taking care of people that have come here illegally. And the word is illegal, and I don't use that as a pejorative. It's a crime to come here illegally. You can call them whatever you want. So I'm looking at these two headlines and I'm thinking, our government really sucks right now.

their priorities are ours backwards 7.2 million in three years on purpose Joe Biden keeps telling us this is America the we're boundless or what with our future and he's yet seven point let 7.2 million has done nothing about it not a thing and for three years said there wasn't a crisis and there wasn't a problem until the election year and seeing the poll numbers on immigration were a horror show for him so all of a sudden they're thinking about it you get where i'm going with this this government sucks right now they got it all wrong and they're spending two to three trillion more than they're supposed to and we still have these homeless people and i know there's a group of them

that almost, I hate to say this, but I think some of them, I'm good with it. But imagine if we can erase that. But they don't. So Joe Biden keeps telling us, it's America, the land of the opportunity, greatness. And look what he's doing. On purpose, President Kalpom would have fixed this already. It wouldn't be hard. They've got the money.

They got the people. They just don't give a crap. I'm thinking about this a lot right now. They're ass backwards, ladies and gentlemen. And whether you're left or right, you should be knowing it. You have a great evening. Drive carefully. When you get home, do like we do. It's quite simple.

Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Have a great evening, everybody. TV tomorrow. I'm not sure.

But peace out, and I'm so happy today. My dog is healthy. Have a great one, everybody. Bye-bye. 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. Guys, it's no use putting it off.

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