Investor's Edge with Gary Kaltbaum - THE BIGS [06.26.2024]

Episode Date: June 26, 2024

https://garykaltbaum.com/

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That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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's Wednesday, June 26, 2024. I still got to use to saying, in 2024. Boy, things are moving quick. And we're here to talk about everything that affects you. Serious talk on you and your life and your money and your job and your industry and everything else under the sun.

We will do markets, the economy, jobs, unemployment, taxes, deficit spending, scam, shams, corruption. Your emails on Janet Yellen. Every now and then, we'll do one of our. diatribes, and we never know what kind of reaction we're going to get. Oh, we got one. That'll be in just a moment. Now, if you do not get this radio show in your city, we will post it at garyk.com. We will post it on our Twitter feed, which is now X. And if you'd like to follow us on Twitter, you just go there and put our name in. And if you want to email us like everybody emailed last night, you just be nice. So ladies and gentlemen, yesterday, innocently, well, as you know,

first let me say this. When we say we really believe in the words we the people, we really do mean that. What you need to understand and listen very carefully because, oh, Gary, what does it have to do with markets? Tell us what to buy, what to sell. Well, it has everything to do. it long term. Just remember, we have been saying this for a while, and they have run up our debt. Remember, it started Bernanke. They promised us once they started printing money and given them $800 billion of our tax dollars to save the banks that committed massive fraud. I think our debt that year was like $8 trillion or $7 trillion. It's $35 trillion now. Just think about that.

They're a bunch of lion sacks. Every one of them in D.C., lion sacks. And a bunch of them that were in D.C. went to Wall Street, and a bunch that of Wall Street went to D.C. They've colluded big time. Nobody went to jail for what was massive fraud in 08. I would have been in jail.

But I digress. So we're up to $35 trillion. We've had every president come along and spend crazy amounts of money that they did not have. And I want you to remember something that they don't want you to remember. They used to fight over budgets. They used to fight about budget deficits. There used to be a real fight about raising what they call the debt ceiling. And of course, there is no ceiling.

they used to care, which has us fast forwarding to this guy here who took the championship belt from Trump, who took the championship belt from Obama, who took the championship belt from Bush on debt and deficits in spending and no accountability. Do you know, this is true, not making it up. the Pentagon cannot account for over a trillion dollars? A trillion. They can't account for it. And where it went and what it bought. And that's why when people are pissed off

that we just gave Ukraine a hundred and some odd billion dollars, they're not pissed off about helping Ukraine out. They're pissed off that there is no accountability. nothing is counted. It's all a footnote. Where is it going? Who's doing what? There isn't any. Nothing. Which takes us to what they're trying to do next. The other 50% of the scam. The other 50% of the con job. I sarcastically say to you on this show, it just feels like, like both parties, they scream and yell and curse each other out in front of the camera. It feels like they go behind into the backrooms and they pop the champagne corks laughing at us. Look what we got away with.

Next. The last budget was signed off by Republicans, which has taken us. We're in the twos now of deficits. in the twos of deficit. That was all our federal spending a couple of decades ago on a yearly basis. We're running in deficit now. And they're lying to us when they're saying it's entitlements. Yes, entitlements go up every year because their government programs suck.

And they didn't account for demographics. But they are spending insanely amounts of money. on just anything. Give $350 billion to John Podesta for climate. What the hell is that? Do you know they spent $7 billion on... They set for charging stations?

There are seven. I'm not making this up. Do you know how easy it would be for me debating Biden tomorrow? I would have him on the ground face down by just stating the fact. of what they are doing and what they've done, which takes me to Janet Yellen. And that is the second half of the gigantic con on you,

which first takes me to the part where we say to you, and several times, Joe Biden could not get away with using our tax dollars to pay off other people's students' loans if you went to your bank account today. Went online. And there was a journal there that said $300 debit, student loan relief. And you called up your bank and your bank said, yeah, that's student loan relief. Well, I don't have a student loan.

Oh, that's for somebody else. That's Biden's deal. Joe Biden couldn't do it. They've made all this debt and deficits a footnote. The greatest marketing con in. history, which again takes me to Janet Yellen on the other 50% of the great con. And I can't tell you how much it pisses me off. And should you, go find the video where Janet Yellen stated, and I'm not making this up, the problems we are having

are because of the tax cuts. Let's talk about the definition of a tax. A tax on you is a tax on your work. You wake up, whatever you do. You may be a teacher, a janitor, a cook, a chef, an owner,

an airline pilot, a millionaire, a billionaire. How did you get to the places you were at? You worked for it. You earned it. not Washington, D.C. They didn't earn it. They're not waking up in the morning for you.

You are. So you make your money and taxes come out that go to Washington, D.C. for doing what? Oh, taking care. Janet Yellen says Donald Trump is killing us. He caused all the problems because you got a tax cut. Because you are saving money. Because you are sending less to them. You're the problem.

Your money not going to them is the problem. And this is from the Treasury Secretary. You know what the Treasury Secretary is supposed to do? You know what her job is? To oversee our treasure. You know what our treasure is? Our money. And she's telling us our money belongs in their pockets.

Not yours. How dare you get a tax cut? It's causing all kinds of problems. This woman is a lying sack. And unfortunately, the reporter or the journalist that interviewed her had no retort. Just like when Joe Biden said he lowered debt and definition. It's the Aaron Burnett who used to work on CNBC as a business person. And the man stands right in the face and lies to you about all this money and you say nothing.

So the next part of the con is exactly what Janet Yellen was saying. And that is, listen to me carefully, my peeps. Up next. I'm going to tell you exactly what they're telling you. Up next on Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living,

specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy.

If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complimentary portfolio review. The number to call is 888-4-22-559. That's 8-8-5-59. That's 888-4-2-9. 5-5-59. Investment advisory services offered through

call bomb capital management. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal

quick-draw fly is a game-changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card.

VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase. Bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000. airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply.

Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster.

The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. 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, I got all these emails from all of you thanking me. There was not one email that was, what the hell you're talking about, Gary? Everybody's thanking me for bringing this subject up because they have proposed an unrealized capital gains tax to pay for what they did first, and that is spend like crazy.

And when we mean crazy, it's, I can't begin to tell you. And an unrealized capital gains tax means right now, if you make money in the market and you sell that, whatever it is, and you make money, you are going to pay a capital gains tax on it come next April. If it's short term, you pay more. Well, I'll get back into the longer term in a second. What they are now proposing If they keep the White House and get the House in the Senate Is that asset you had That's up a hundred thousand bucks this year that you want to hold

You're paying us tax on it even if you don't sell They're insane It's like watching one flew over the cuckoo's nest I'll bet a buck Give me some juicy fruit Go watch the movie. But that's not all. They've proposed, which the unrealized is insane.

They propose long-term capital gains, which means you hold for more than a year. You're not going to pay your tax rate. They propose to go from 20 to 44.6%. What? They're incentivizing you to not give a crap about holding longer term. Next, they're proposing a wealth tax. You have too much money?

Go screw yourself. You paid taxes on it already? Go screw yourself. We're going to take a percentage every year on your assets. Go screw yourself. And they have proposed, well, it's going to happen. The Trump tax cuts. know those tax cuts you got? They're sunseting. They're going to let them sunset. And they

will sunset if, and by the way, I didn't mean this to be a Biden versus Trump. We're just stating facts because of your emails. Biden keeps the president, the tax cuts sunset. You lose your tax cuts. I know Biden's saying, oh, you're going to keep it if you make under 400,000. That's a lie. It's all or nothing. It's a blatant, gargantuan lie. And Janet Yellen had the nerve to say that your money in your pockets is the problem. The Treasury Secretary is the problem. How dare you keep more of your money?

We're taking it back. Believe it. And the other part of this interview, where we, sarcastically say these people in DC. They know nothing about what's going on in the real world because their butlers are buying their food and their drivers of their Bentley are filling up the gas tank. She said, oh, I don't see the pricing problems out there. And what did the reporter do?

She just sat there. She didn't say a freaking word and I'm thinking to myself, If I was that journalist, the first thing I'm going to ask her when she says the problem is the tax cuts, I'm just going to straight to her face. So you're telling America that it is bad that they keep more of their money. And then let her answer that question. And then when she tries to run around it, let me try asking the question again. You just said it's a problem that people got tax cuts. They're keeping more of their earned dollars.

not your earned dollars. Washington, D.C. gets from us. Washington, D.C. doesn't give anything to us. Oh, she would get up. Her handlers would pull her up. She'd lose it. And then the pricing, I would sit there with my list

of everything is up weight and price, whether it's Biden's fault or not. and I would probably say well you know Madam Treasury Secretary I don't think everybody out there was getting quarter million dollar checks to speak to Wall Street like you have so we're just letting you know

they're coming to get you the second part of the con the second part of the scam is spend unimaginable amounts of money that they don't have that they're not supposed to spend and then they're going to come after you next. That's what they're going to do. What's interesting about it, they're telling us they're going to do it.

In the past, they would never tell us they would lie and then do it after just like Clinton did. So we're just letting you know, the we, the we, the way. government people. I'm not saying party. People are licking their chops, looking at your wallets, and do not believe them when they say, oh, we're only going after people that make 400,000 or more. That's their big number. That's their big number on tax audits. Oh, if you make less than 400,000, we're not going to up the audits, but above you're a tax cheat. Have you heard them call the wealthy tax cheats? That's another thing I would do if I was Trump.

Why are you calling people tax cheats? Why are you calling good Americans tax cheats? The only tax cheat I know is your son. I would murder him in the debate. Anyway, we're doing this up front before the markets, and the rest of the show will do markets, because I'm surprised. A ton of emails thanking.

But there's more two than that. These people have got to be stopped. Federal spending just before COVID was $4.4 trillion. We're in the sevens now. They're going to 10. And a ton of it is debt because we're never going to have the revenues to pay for this. And every time we grow, they grow three times as much. You better be getting through on that.

this. Up next, thine markets. Thanks for being here. I'm Gary. This is the one only investor's edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero chafed thanks to four times more stretch than competing brands and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. VentureX

offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.

This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreker makes the whole problem.

process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousins swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here.

He's a Cinderella boy. With Gary Coltbaum. It comes highly recommended. You're going to feel better if you talk to him. Let me finish up by saying everything I just told you was fact. There was no opinion in it. I quoted her. You can go look at the video.

The numbers I gave you were correct. and probably low. We warned you ages ago, about $2 trillion, and the Congressional Budget Office just raised theirs from 1.5 to 2, which means it's going to be 2.5, and they are coming to get you. And there's no bias. I got newsfea.

If you're a Republican, they're coming to get you. If you're a Democrat, they're coming to get you. If the Whig Party, they're coming to get you. They are coming after your wallets. and you may say to yourself, well, wait a minute, they keep telling us it's the wealthy. No, they're coming after everybody. Let's just say they're not lying about the 400,000. They're still coming after everybody below 400.

Do you know why? Because as you work your tail off to move up a rung in life and make your lot in life better to do more for yourself and your family, their machete gets sharper as you move higher. They make it tough for you to become independently wealthy when they keep raising the numbers. And may I state for the record these proposals and we try to be careful of our words,

they really are insane. They are so destructive and so ill and so socialistic, so Marxist economically. I don't even know where to go. We used to laugh at these things that would never happen. The printing of money. The massive deficits. Long-term capital gains, unrealized, they're trying to make that crap mainstream. These people have to go.

into the dustbin of Marxism and socialism. And just so you know, they are Marxists and Socialists just with us. They're quite capitalistic with their own money. Haven't you noticed how many making $180,000 a year in D.C. are worth $10,000 and $20 million now? Where the hell is that money coming from? and that's why I say I just wonder if they're all laughing at us

and pop in the champagne corks while cursing each other out in front of the camera. It has never been more this corrupt. And I'm not saying government. It's people and it's getting worse. And we're going to stay on top of it. And we're going to be in real time on Twitter X tomorrow during the debate and we will be unbiased as usual.

We can't wait to see that nonsense. I digress. The Dow was up 15 today, the S&P up 8. The NASDAQ was mosing along between 20 and 40 and in five minutes finished up 87 at the close. NASDAQ 149, but the NASDAQ advanced declines were 19 to 22, and that was the best part of the day. The semis were weak most of the day and then they bounced them at the end of the day. But we'll see what tomorrow brings. Micron MU symbol is down.

Do do, do, do, do, do, do, to, closed at 142, 36. I got at 131. So the semis are down in the aftermarket. So any gains they had today, we'll see what the open is tomorrow. I haven't looked at their numbers yet on what they had to say, but the market doesn't like it. I'll just leave it at that. They beat, but something in there. We'll take a look.

And looks like they raised a little bit. But something in there the market's not thrilled with. We'll see how the rest of it reacts tomorrow. How's that? so good clothes on the NASDAQ semis were still down but they may get roughed up in the morning of course that can change overnight I'm sure Mike Ron in the conference call mentioned artificial intelligence

7,400 times we'll see but the other part of the equation is the broad market still yuck advanced declines on the New York 16 up 23 down. More new lows than new highs on the New York. There's more new lows than new highs on the New York. There's more than twice new lows than new highs yearly on the NASDAQ. So underneath the surface, it's still the big stuff in May I state, Apple up for today, Amazon breaks out up seven today. Tesla looks like it's trying to bottom up seven and change today.

Bigness. Facebook was up two today. Needs to get through five. 14. And just Apple, by the way, Apple and Amazon are in the Dow. That was 11 points of the Dow times 6.78. So they were 70 Dow points while the Dow was only up 15. So underneath the surface, boy, you've got to be really stock specific. And as we go through our scans every night and we tell you this, and we're not making this up. We literally will scan 1,500 stocks. It takes us 45 minutes. How is that possible? Well, we press play and just one every second. And when I need to stop because I see something, I just press a button and it stops and I look it over and then go from there.

But because we're constantly watching markets and scanning throughout the day, we pretty much know what we're going to get. And we know what we're going to see. And we know what's bad, what's good, what's good, what's bad. And of course, the semiconductors have been important. That's why Micron was important. We'll see what tomorrow brings. I'll tell you what stuck out. Yes, stuck out for me today.

Nice English, Gary. Stuck out for me today. Paychecks. Now, when we tell you it's down 6%, it doesn't sound like a big deal because we have said on this show, oh, look, it was down 21% today, something else. But that was a big break to the downside on paychecks today along with ADP. Potentially big tops in place, potentially. and that's a reaction to earnings.

By the way, what is paychecks in ADP? Oh, they are processors of payroll and employee benefits to a bazillion clients out there. And if their business is slowing, and I'm not saying it is, we haven't looked it over yet, but certainly the market reacted poorly to it, that's going to be something to watch, because as you know, the GDP of this country just dropped to 1.3%. We've also been highlighting for you how housing and housing related and economically sensitive stocks are acting like crap and a lot of the retail, though some retail is still strong. So we're definitively on some important watch right now, and let me tell you why. Well, I've got a 6,000 S&P price target for this end of the year.

I got a 7th. You get my point. We'll let the market decide. Everybody says soft landing. Everybody says everything's great. Everything's good. Everything's fine. Everything's good.

I want to know why Deer is near New Yearly lows. Why the payroll companies just got trounce today on earnings. These are the things I want to know. The good news is money flows into the bigness again today. And you can now add Amazon if it's, of course, it has to stick, broke above range today. Tesla, you can add that one too. that one looks like it's trying to bottom everything Tesla's doing right now says bottoming formation but we had the same thing with China and the other part of Tesla is their numbers aren't great

and by the way this quarter's numbers aren't that great but we're hearing little better in China and of course they have plenty of other things they are dealing with up next What else sticking out? On the markets. I'm Gary. This is the one only investor's edge. It's no use putting it off. The best time for an underwear refresh is now.

Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect,

like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.

This episode is brought to you by Sprecker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousins swears are the next big thing.

Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culper.

And welcome once again to Investor's Edge. I got to tell you, I should call Donald Trump up and say to Donald Trump. Yo, Donald, just say this. Anyway, that's tomorrow night, not tonight. I do want to let you know that the Fed did a stress test of 31 large banks. And they say they have sufficient capital to absorb. They're saying $685 billion in losses that the stress tests, 31 large banks are passing.

let me be clear and concise about these stress tests. They all pass them in 08 also. What the Fed has never learned and our government has never learned about these stupid stress tests on banks, they do not account for human nature. You know, people. They think banks are just an entity. No. You know what a bank is? All the bank is is a bookie. You put your money with them and they do something with your money. The bookies, they collect. And look what happened to Silicon Valley and First Republic when people, human nature, took a powder. They went by-bye. In 2008, the biggest of the

the big, the best of the best, the companies that could never go out of business. Bear Stearns, do you remember that certain somebody on that certain network, financial network, four days before Bear Stearns went, said, Bear Stearns is fine. Bye-bye. Merrill Lynch, Wachovia, Countrywide Financial, Lehman Brothers, all went out. City Group was going out, saved because of the friends. the friends of. You can't get Citigroup out.

That's our buddy. They were gone. And the reason why Citigroup is still down 90% plus from 08 is because they had to do this whole re-combobulating and dilutionary, this, that, and the other thing that you're still down in the 90s. So the Fed with these stress tests, they do not account for the fact that it doesn't matter. What bank it is? If the masses pull their money, they're out of business. Banks don't make products. Do you know that?

Banks don't cook burritos and chicken bowls like Chipotle that make products and serve it to you? Banks house your money. And they screw you on that too. Because if you don't know your cash pays a half percent and money markets are 5 percent, well, guess what they're doing? So when you read about these stress tests today, laugh and cry at the same time, because these are the same Fedheads that printed to $9 trillion, caused most of the inflation, didn't see it coming when it hit said it was transitory. And now they're taking credit for inflation coming down, which is the funniest crap I've ever. ever seen. So when you read about the stress tests, remember what your Hansman buffed host had to say to you. And just so you know, we're right. Few other things were just noticing

in the market, just letting you know. Gold, silver trading below the 50-day moving average until they get back above, they cannot ascend. The financial is a little bit of pressure here, but nothing bad. Insurance stocks look like they were breaking out two days ago. They're failing miserably already. I mentioned ADP and paychecks, not good. Economically sensitive stuff. Remember the names we follow? Caterpillar, deer, United

Rentals. Acting terribly. The building slash construction stocks slash the housing and housing related stocks. Yonked. Yesterday it was Home Depot and Lowe's and floor and decor and William

Sonoma. So just as things underneath the surface, rails, truckers, act terribly. Most airlines act terribly. The latest was Southwest Airlines. Boy, oh boy, they're not doing so great. The only good news about Southwest on some things they said, it was down more today and they finish better, but that doesn't make it good. The stock is way down from 65 bucks in mid-21. It's 28. While Delta is recognized, covered most. So there is a differentiation, notice the big word, on airlines right now. And I've always said Southwest, the people are the greatest. They need to fix up the seating arrangements.

And just so you know, they're going to start charging for things they haven't charged in the past. They've been much too generous compared to everybody else. Sometimes you have to have to. I've been asked about the restaurants and the fast food companies. Just remember, they don't want to give you these cheap meals. They have to. We just want you to remember that. One did it. The next has to follow.

The next has to follow. Or they lose business. And what they have all saw is that the consumer has become much more price conscious. It was sent out there in newspapers. much you're being charged for fast food versus five years ago, and it was an uh-oh moment. So from RB's at A to Wendy's W, everybody's doing these, I guess what you call value meals. McDonald's says they're only doing it for a month. Let me tell you that they're going to be doing for a lot longer than a month because others are going to do it a lot longer than a month. And that

means McDonald's has to match them, which is actually good news, but it hurts their stocks. why you charge and less for the same thing and your expenses are the same your profits go down your stocks go down and the market knows it and there's a reason why McDonald's stock is one of the weakest restaurant stocks out there

one plus one equals two that all said tomorrow I'll be on in Varnie and company 10 a.m. hour Fox Business Network check that out. I think we'll be talking about the debate for tomorrow night. You all have a great evening drive carefully. When you get home, you like we do, quite simple.

Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better, I promise. Mike Ron in the aftermarket. We'll see how it finishes up. Semis in the morning. We'll see how that goes.

Peace out all. Stay well, be well. Good night. This has been Investors Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK. That's garykay.com. Guys, it's no use putting it off. The best time for an underwear refresh is now.

Tommy John underwear is designed for a perfect fit that stays put all day. Their zero chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first or with code comfort. That's Tommyjohn.com code comfort. Tommy John, comfort perfected.

This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.